NewsWare’s Trade Talk: Wednesday, October 23

S&P Futures are displaying weakness this morning as Treasury yields nudge higher. Shares of BSX, LRN TXN & PKG are higher after earnings releases. SBUX pre-announced Q4 eps and announced that they are suspending guidance. E.coli outbreak at McDonalds sending shares lower, said to be liked to onions. There is a Bank of Canada meeting today, expectations are for a 50-basis point rate cut. Fed Governor Bowman scheduled to speak before the market opens today. In Europe, markets are lower, due to underwhelming earnings data. Oil prices are falling this morning down more than 1.5% with stockpiles data in focus.