NewsWare's Trade Talk: Tuesday, August 6

S&P Futures are displaying a move higher this morning as Japan's markets gained +10% overnight. No fundamental changes overnight, and Fed officials talked down the sensationalized stories related to a pending recession. Positive earnings announcements for CAT, H, OC. TAP & UBER this morning. Google lost lawsuit as judges calls in a monopoly. Russia top defense officials are said to be in Iran meeting with Iranian military leaders. In Europe, markets are moving between gains and losses. Oil prices are moving higher as Middle East tensions are elevated.