NewsWare’s Trade Talk: Wednesday, November 8

S&P Futures are flat to higher this morning. Markets are focused on Fed Chairman Powell this morning. He is scheduled to deliver opening remarks at a conference this morning and may refrain from commenting directly on Fed policy. DIS is releasing earning after the bell. Democratics won key races in off-year elections. No progress is being made on the Debt Ceiling bill as the Nov 17 deadline approaches. In Europe, markets are moving lower, German industrial output fell. Oil prices are falling due to economic reports out of China.