NewsWare's Trade Talk: Thursday, July 11

S&P Futures are slightly lower this morning. The key event today is the CPI report which is due out before the market. Pepsi and Delta are trading lower after earning releases. Costco announced that they will be raising membership fees in Sept. President Biden is scheduled to hold a press conference today after the NATO summit. NATO pledges $43B in aid to Ukraine with talk of membership. The FTC is said to be preparing legal action against pharma benefits managers (CI, CVS & UNH). Pfizer is higher on positive news on its weight loss drug. In Europe, markets are higher on positive economic data. Oil prices are showing gains with multiple key catalysts ahead.