The Market On Thursday

  Good morning. It is 79 degrees and hazy here in the Upper Hudson Valley. The weather logo is indicating rain today, we shall see. It would be nice to have some rain maybe it will help break up the humidity. It was very hot and humid here on Wednesday, I felt run down all day long. We are more of a fan type of family, not really into the air conditioner feel. We see that the Cincinnati police officer has been charged with murdering a black man. Something has to got change here.

  At 8:50 a.m. ET futures are moderately lower and the price of oil per barrel is slightly up. The market is poised to open lower.

  We see that the first estimate of the second quarter GDP is in at a 2.3% growth rate. The first quarter GDP has been revised to a plus .6%, that is from a previous negative .2%. Recall how we wondered if a technical recession was in process. Well not yet, we are not into a technical recession at all. First time weekly layoff numbers have come in at 267,000 which still indicates an improving job market, except for those who lost their jobs. Meanwhile it's all about second quarter corporate reports which appear to be mostly positive given the fluffy height of the DOW.

CNN: Stocks: 4 things to know before the open

Whole Foods stock is slumping by about 13% premarket after its quarterly earnings missed expectations.