NewsWare's Trade Talk: Thursday, August 8

S&P Futures are lower this morning as the market awaits this morning Jobless Claims report. JP Morgan CEO Jamie Dimon remain positive on economy, remains cautious on inflation hitting 2% in the Feds timeframe. Earnings from LLY came in better than anticipated, company also raised guidance. Warner Brothers (WBD) is writing down the value of its traditional tv networks by 9.1b. In Europe, stocks are lower, and oil prices are moving slightly lower after yesterday's big gains.