At 8:00 a.m. futures are moderately up. Today the word is Obama. Obama will be presenting a list of incentives to stimulate the floundering and stagnant economy. Investors will be parsing the information and reacting accordingly. This will be an interesting meeting of the two worlds so to speak. Will Wall Street like it or not. This could be tricky because if they like it too much it may turn out to be another corporate give-a-way that doesn't really do a whole lot for main street.
CNN: Stocks set to bounce back
A separate report from the Fed on consumer credit is also due. Economists expect consumer debt fell by $5.25 billion in July after a drop of $1.3 billion in June...
President Obama is expected to officially unveil three new proposals aimed at bolstering the shaky economic recovery in a speech in Cleveland.
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