NewsWare’s Trade Talk: Tuesday, May 9

S&P Futures are weakening this morning amid a host of potential catalysts. President Biden is meeting with congressional leaders today for the first round of debt ceiling talks. Data out of China indicated that imports slumped 7.9% in April against expectations of a modest rise. The market is also preparing for tomorrow's CPI report. European exchanges are lower and oil is slipping due to the China import data.