NewsWare's Trade Talk: Friday, July 25

S&P Futures are displaying positive action this morning. Earnings report remain a key focus today as markets prepare for a heavy dose of tech earnings next week. President Trump visited the Fed yesterday in an effort to sway the Fed to lower interest rates. Today the President is headed to Scottland for personal business-related activities. Late yesterday afternoon, the Trump administration gave approval for CVX to resume oil production in Venezuela. The FCC approved the PARA merger with Skydance. SRPT is falling on concerns related to its Duchenne muscular dystrophy treatment. Next week is one of the busiest weeks of the year for markets. Highlights include a Fed meeting, US / China trade talks, key economic data points including GDP, PCE & Employment data, earnings from META, MSFT & AAPL, and expectations of trade deal announcements. This morning's key economic data point will be the report on Durable Goods Orders. On the earnings front, BAH, BYD, DECK, EW and MHK are higher after their releases. INTC, and LEA are moving lower.