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Wall Street's commodity woes; Sprint's future; Cecil the Lion reaction

Wall Street still trying to get its August footing after stocks (^GSPC) opened the month like they closed July-- in the red.

Yahoo Finance Senior Columnist Michael Santoli says the concern for investors now is falling commodity prices and what that could mean for the global economy.

"The demand might be in question for a large variety of basic materials across the emerging world," he notes. "It just exascerbates some of the nagging worries that investors have."

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CVS, Aetna earnings reports in focus

Here are some of the stocks the Yahoo Finance team will be watching for you today as earnings season rolls on.

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CVS Health (CVS) The drug store chain and pharmacy benefits provider reports second quarter profit that beat analysts' forecasts...while revenue was pretty much in line. CVS says it got a big boost from its pharmacy service unit thanks to an increase in new clients as well as more Medicare and Medicaid claims.

Aetna (AET) The health insurance provider that's buying rival Humana (HUM) easily beat estimates on the bottom line in the quarter..but missed on the top line. (VO) Like CVS, Aetna says it had a big rise in Medicare and Medicaid payments...however, its commercial business lagged.  The company is also raising its full year earnings forecast.

Avis Budget Group (CAR) The car rental company handily topped estimates for second quarter earnings...but revenue came up short. Avis Budget blames low prices and the strong dollar, which cut international revenue by 5% from the same period last year. The company is also lowering is full year outlook.  Meantime, rival Hertz (HTZ) is apparently getting out of the rent-by-the-hour business.  The New York Post reports the effort to compete with Zipcar fell flat because of lack of demand.

Sprint (S)  The struggling wireless carrier is out with an upbeat financial report, saying it has significantly reduced the number of key customers who dropped the service during the period.  Sprint says it added 675,000 net users in the period...and is raising its full year earnings outlook. It also announced a big management shakeup ahead of today's quarterly release.

Coach (COH) The luxury handbag maker beat estimates on both profit and revenue in its fiscal fourth quarter. However, Coach says net sales dropped 13%...and sales in North America sunk 20%.

American International Group (AIG) The big insurance company is more than doubling its dividend to 28 cents a share and will spend an additional $5 billion to buy back shares.  AIG says the moves reflect the firm's positive long-term outlook.  AIG is also reporting quarterly profit that beat estimates

Cecil the lion and airlines

In the wake of the “Cecil the lion” backlash, three major U.S. airlines - Delta (DAL), American (AAL) and United Continental (UAL)- are now banning the transport of lion, leopard, elephant, rhino or buffalo killed while hunting, the so-called “big five” by big game hunters… it’s the latest fallout from the killing of Zimbabwe’s famed, rare black-maned lion by a Minnesota hunter.

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