NewsWare’s Trade Talk: Tuesday, September 19

S&P Futures are slightly higher this morning. The FOMC meeting begins today which will likely cap the prospects for volatility today. Talks between the auto makers and the UAW are stalling, the UAW is planning to expand the strike to additional sites on Friday. President Biden is schedule to speak at the UN this morning. Congressional republicans are unable to obtain on a consensus on the debt ceiling which is increasing the odds of a government shutdown on Oct 1. European stocks are mostly higher as the autos, energy and insurance stocks are displaying gain. Oil futures are displaying a strong move higher this morning.