The Market On Friday

  Good morning. It is a humid 82 degrees and it is sunny here in the Upper Hudson Valley, the forecast predicts scattered thunderstorms and temperatures in the 90s this afternoon. The humidity remains thick and heavy. So there you have it, Trump is now saying that he was being sarcastic by saying that Obama and Clinton were the founders of ISIS. Isn't that funny, it was sarcasm, the guy's a regular riot! Let's see if we can tease out a pattern - Trump says ridiculous nonsense all day long, every day, and two days later if he says well that was sarcasm, then he didn't really mean it! Isn't that fun! Wow a Trump presidency is going to be a laugh a minute riot!

  At 9:15 a.m. ET futures at slightly lower and the price of oil is up, now trading close to $44 a barrel. The market is poised to open lower.

  The indexes remain in very fluffy record territory. Investors are very happy to hear that the Saudis may adjust production levels in order to 'recover' oil prices. However recall that they've said that before, so don't take it to the bank just yet as the Saudis in fact produced a record quantity of oil in July.

CNN: Stocks: 5 things to know before the open by Alanna Petroff

Traders were fired up by reports that Saudi's energy minister had hinted at the possibility that OPEC could cooperate to cut oil supply if prices don't recover.