NewsWare’s Trade Talk: Friday, July 7

S&P Futures are slightly lower as the market awaits this mornings Non Farm Payrolls report. Tres Sec Janet Yellen is in China saying that the U.S. doesn't seek economic estrangement from China in an effort to repair relations, China remains cautious of Yellen's comments due to recent actions from the Biden Administration. META's Threads is said to be seeing a significant amount of sigh ups. Biogen received FDA approval for its Alzheimer's treatment. BABA is trading higher as Chinese regulators have issued a fine, which is seen as a end to their investigation. European indexes are displaying significant weakness and oil prices are prices are flat to higher ahead of this morning oil stockpiles report.