NewsWare’s Trade Talk: Monday, May 15

S&P Futures are higher this morning as the market is reacting to positive comments from President Biden on the debt ceiling talks. The Biden Administration and China are said to be having discussions to reset relations which are causing Chinese stock to rally this morning. AI stocks could see some volatility today as OpenAI's CEO is testifying before a Senate panel. Markets will be paying attention to tomorrow's Retail Sales report and earnings releases from major retailers. European exchanges are higher and oil prices are on the rise.