NewsWare’s Trade Talk: Tuesday, August 12

S&P Futures are flat to lower this morning in cautious trading ahead of this morning's inflation report. If the CPI report comes in hot, it will likely lessen the odds of a September rate cut by the Fed. President Trump extended the current trade agreement with China yesterday. He also nominated E.J. Antoni as head of the BLS. His nomination has drawn mixed reaction, critics question the rigor, accuracy, and neutrality of his economic work due to perceived political bias. Expectations are being lowered on a possible Ukraine peace deal, talks are now being described as a "feel out meeting". In deal news, Cardinal Health is set acquire Solaris Health for $1.9B. In earnings news, GDOT, ONON &PONY are higher after release, CE is lower. Micron raised its guidance yesterday. After the bell today, CRWV, CAVA, HRB & RGTI are expected to report.