NewsWare's Trade Talk: Tuesday, July 9

S&P Futures are higher this morning ahead of Jerome Powell's address to the Senate. BP expects an impairment charge of 2 billion. GLW raised its guidance for the second quarter. A NATO summit starts today. President Biden pledges to boost Ukraine's air defenses. House democrats are said to be having a meeting today to address growing concerns over Biden's ability to win this year's presidential election. In Europe, markets have gone from green to red as market show conerns ahead of Powell's testimony. Oil prices are falling as Hurrican Beryl weakened to a tropical storm prior to hitting southern Texas.