NewsWare’s Trade Talk: Monday, May 22

S&P Futures are flat to lower in the pre-market this morning. Markets are paying close attention to the Debt ceiling talks and Biden and McCarthy who are scheduled to meet later today. Media reports a productive phone call was held on Sunday. Over the weekend, President Biden said that he expects relations should improve very shortly between the U.S. and China. Meta Platforms were hit with a 1.3 billion fine by EU regulators. Micron is off 6% in the pre-market after China banned the company's chips from being used in critical information systems. There is a lack of economic reports scheduled for release today could lead traders and media outlets to focus on other economic events, such as St. Louis Fed James Bullard's speech, which could potentially influence market sentiment. European markets are mixed and oil is trading lower.