NewsWare’s Trade Talk: Friday, May 16

S&P Futures are positive this morning on the prospect of additional trade deal to be announced. President wraps up his Middle East tour today. He has indicated that the UAE will invest in US produced semiconductors, he also indicated that the U.S. will set tariff rates for its trading partners within the next few weeks. Housing data is in focus this morning along with the U of M Consumer Sentiment report. WMT has indicated that it will start to raise prices due to the additional cost associated with the Trump tariffs. Charter Communications and Cox Communications are set to merge. Boeing gets another plane order from Etihad Airways for 28 planes valued at $14.5B. AMAT, TTWO & CAVA are lower after earnings announcements. Next week HD, PANW, TGT, TJX, LOW, SNOW, DECK, ADSK & INTU are scheduled to report.