NewsWare's Trade Talk: Thursday, February 20

S&P Futures are moving lower this morning as markets continue to adjust to President Trumps agenda. President Trump signed an Executive Order for a massive regulatory review and indicted that a trade deal with China is possible. Meanwhile the Defense Secretary tells Pentagon to plan for 8% budget cuts. Dometic political risks may start to weigh on the markets in the coming weeks as there are multiple sources of concerns including tariff risks, the reconciliation bill and the debt ceiling negotiations. Shares of WMT are lower after this morning's earnings announcement. After the bell today earrings reports are expected for LYV, PODD, SDM, TIVN & OLED. Jobless Claims due out before the opening bell and there is a host of Fed Speak scheduled for today.