S&P Futures have been displaying little movement this morning, but are currently moving higher. The economic calendar is rather muted today. President Trump remains in the Middle East, today he is in Qatar and is expected to continue to announce trade deals. Yesterday he announced a $600b commitment from Saudi Arabia for investment in the U.S. Later this morning, Boeing is on watch as Qatar may be planning a large plane order for Boeing jets. Earnings announcements for CSCO and CRWV are expected after the bell today. Tomorrow morning, WMT, BABA, DE & NTES are scheduled to report.

S&P Futures are displaying some weakness this morning. The recent leg higher is due to the reduction in tariffs between the U.S. & China and this morning markets are seeing some profit taking. The CPI report for April is due out this morning before the opening bell. The latest draft of the budget bill is calling for $715b cuts in Medicaid and the Affordable Care Act over 10 years. President Trump is in the Middle East today on a deal making trip. He is expected to announce dozens of business agreement ranging from weapon sales to deals on AI, energy and space. China removed its ban on Boeing airplane deliveries. COIN is being added to the S&P 500 and AMZN announced a delivery deal with FDX. Few important earnings announcements schedule for today. JD release a beat, yet the stock is trading lower. Cisco and CoreWeave are schedule to report on Wednesday.

S&P Futures are displaying strong gains this morning as markets react to the latest news on the U.S. and China trade talks. The U.S. & China will be lowering tariffs by 115% for the next 90 days and agreed to continue trade talks. Healthcare stocks are weakening as President Trump is expected to sign an executive order on drug pricing today. Defense stocks are on watch as Russia and Ukraine appear ready for peace talks. House Republicans have released a new plan to cut Medicaid spending, opting for a compromise approach after internal debate between party centrists and hardliners. the House GOP plan represents a significant but less extreme reduction in Medicaid spending, shaped by intraparty negotiations and concerns over the potential impact on vulnerable populations. Earnings season remains in focus, with major reports due out this week from Cisco, Tencent, Alibaba, SoftBank, Walmart, and Target.