S&P Futures are higher this morning as the market reacts to positive earnings reports from AAPL, AMZN CVX & XOM. INTC. This morning, before the market opens there is the Personal Income and Outlays report being released. The Senate passed the 52B semiconductor bill yesterday. President Biden spoke to China's Xi by phone yesterday. Taiwan remains a source of friction as a result, Speaker Pelosi is likely to cancel her trip. OPEC may not deliver a production increase at next week's OPEC + meeting.
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