NewsWare’s Trade Talk: Monday, February 6

S&P Futures are negative this morning as U.S-China tensions rise over the balloon incident. Traders are cautious this week due to a lack of economic reports being scheduled for release this week. European exchanges are down 1% this and oil futures are displaying small gains. This afternoon watch for earnings reports from ATVI, SPG, TTWO & PINS. TSLA is raising prices on it Model Y, Dell Technologies is cutting 5% of its workforce, NEM launches a bid for Australian rival and Public Storage makes a bid for rival Life Storage.