Good morning. It is 79 degrees and overcast to sunny to overcast here in the Upper Hudson Valley. The forecast predicts a partly overcast, partly sunny day with temperatures in the high 80s. The DNC kicked off yesterday with a mix of disarray and exceptionally good speeches from the likes of Al Franken, Sarah Silverman, Corey Booker, Elizabeth Warren, Michelle Obama, and Bernie Sanders. The speeches were electrifying and the continuous take downs of the far less than great orange one were a pleasure to hear as the orange one has it coming times a million, make that a billion. I would suspect Hillary Clinton will get a bump out of this especially if nights 2, 3, and 4 produce similar results.
At 8:55 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open in the flat area. And where it goes after that, who knows.
In spite of a rough day or two the market is still percolating. Notice that BP spent $61.6 billion in its effort to cleanup the Deepwater Gulf spill. Sounds like they got off on the cheap.
CNN:
Stocks: 5 things to know before the open by Alanna Petroff
And BP (BP) stock was slipping by about 3% in London after the oil giant released second quarter results. The company reported that the final bill for its high-profile Deepwater Horizon oil spill tallied up to $61.6 billion.
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