00:08All right. We've got some green on the screen here this morning. Let's go. S&P futures up 0.37%.
00:15Dow futures up 0.32%. And the NASDAQ futures higher by 0.62%. Also, we've been checking in
00:22on oil these past few days. Oil is actually down 2.23% here. So that inverse correlation
00:28still on track here today. We'll see if that holds through the Fed meeting. Now, let's take a look at
00:34some cues from last session as well as what we have today. We also have some stocks on watch for
00:40you here today. Consumer discretionary, consumer staples and utility stocks recorded the biggest
00:45losses on Tuesday, while energy and materials bucked the market trend to close higher, which
00:49dragged most S&P 500 sectors into negative territory. U.S. stocks look set for a positive
00:55open on Wednesday, with the Dow, S&P, and NASDAQ all rising after declining on Tuesday.
01:01The Federal Open Market Committee's two-day meeting will end today with all eyes on the FOMC's policy
01:08direction. The CME Group's Fed watch tool projections show the market's pricing in a 92.5% likelihood of
01:14the Federal Reserve hiking interest rates today. And at the time of the writing, the 10-year Treasury
01:19bond yielded 5%, while the two-year was at 4.66%. Meanwhile, the economic fallout of the U.S.-Iran
01:26war continues, despite Brent crude futures slipping 0.68% to 108 per barrel. Senator Elizabeth Warren
01:33highlighted a Congressional Budget Office estimate that the conflict has cost the Department of
01:39Defense nearly $40 billion and driven nearly half of U.S. inflation. Meanwhile, Senate Minority Leader
01:46Chuck Schumer slammed President Trump for blaming Ukraine for high diesel prices. Now, we've got
01:52several stocks in focus here for you today, and the first one is going to be FTAI Aviation. The ticker
01:59is FTAI, and it rose 2.87% in pre-market trading on Wednesday as it announced a $500 million
02:05buyback
02:06program. The next stock on our list is going to be Sober Safe. The ticker is SOBR. It plunged 35
02:14.91%
02:15in the pre-market after the company disclosed that NASDAQ will delist its common stock effective
02:20today. Yikes. The next stock on our list is going to be the Trip Group, and the ticker is TCOM.
02:27It
02:27rose 4.33% after posting better-than-expected results for the second quarter. The next stocks on
02:34our list is twofold, and they are related. The first one is going to be SK Hynix. The ticker is
02:39SKHY.
02:40It rose 3.14%. The second stock is going to be Intel. The ticker is INTC, and it jumped 5
02:47.33%
02:48in Wednesday's pre-market, as a Euronext Markets report said that the companies are discussing a
02:53deal that could bring SK Hynix chip manufacturing to the U.S. for the first time. The last stock on
03:01our list is going to be Lenar, and the ticker is LEN, and it was 0.06% higher, as
03:07analysts expected to
03:08report quarterly earnings of $130 per share on revenue of $8.31 billion after the closing bell today.
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