The Market On Friday

  Good morning. It is 63 degrees and cloudy here in the Upper Hudson Valley. The weather logo is predicting another gorgeous day. Big week for Obama as you know. He got his trade deal and he got the Supremes to lay down the law on Obamacare. Is any of this going to benefit us. I got to think no. Otherwise it's been another week of disturbing crappy news. The CNN headline is about a beheading in France with Islamic fingerprints left behind. The world is nuts and fortunately the weekend is here. What's the deal with the Knicks picking Porzingis?

  At 8:15 a.m. ET futures are modestly higher and the price of oil per barrel is down in the $59 range. The market is poised to open higher.

  Global stocks are tanking as the Chinese market is in correction mode. Topping that off another major hurdle with Greece is coming up next week. Where does that leave Wall Street? Who knows, it's so unpredictable but right now but there is pressure to sink.

CNN: Stocks: 5 things to know before the open

Stocks in China took a major tumble Friday, with both the Shanghai Composite and Shenzhen index dropping by 7.4% and 7.9%, respectively.

European stock markets are sinking as investors worry about Greece's potential default next week.