NewsWare's Trade Talk: Friday, July 12

S&P Futures are slightly higher this morning with the data on the Produce Price Index pending release. President performed well at yesterday's press conference, indicated that he is staying in the race, but laid out a scenario where he would consider dropping out of the race. Export data out of China were strong. Earnings in focus this morning JPM, BK & WFC all delivered eps beats, JPM & WFC are moving lower this morning. AT&T trading lower as a hacker is said to have stolen data on nearly all its customers. In Europe, markets are higher on expectations of a Sept rate cut increase. Oil prices are continuing to display gains this morning.