NewsWare's Trade Talk: Wednesday, July 10

S&P Futures are positive this morning ahead of Fed Chairman Jerome appearance this morning in front of congress. AAPL & Microsoft are said to be relinquishes their roles on Open AI's board in an effort to avoid scrutiny for regulators. Inflation data out of China indicates a weak demand picture, next week there is a major meeting of the Politburo, and a stimulus announcement is expected. In Europe, markets are higher with travel stocks seeing positive action. Oil prices just turned lower, likely due to the economic data out of China. OPEC monthly report and stockpile data from the EIA are due out this morning.