NewsWare’s Trade Talk: Monday, May 5

S&P Futures are displaying weakness this morning as markets head into an active week ahead with trade talks, Central Bank meetings and a host of key earnings announcements scheduled to occur. The biggest weekend headline came from OPEC as they indicated that addition production hikes are being considered with a rift between OPEC member on full display. At this weekend's Berkshire Hathaway meeting, Warren Buffet announced his intention to retire at the end of the year. President Trump announced tariffs on foreign made moves on Sunday. Disney's Thunderbolt movie had a successful opening. On the economic front, this morning's is the ISM services data. ZBH released an earning beat this morning while L & CNA missed. After the bell today PLTR, VRTX, F & CLX are scheduled to report.