What We Are Watching

Markets

Federal Reserve governor Christopher Waller speaks at 10 am CDT and at 1 pm, we get the minutes of the Fed's FOMC meeting in July. We will watch for more flash sales announcements at 8 am and updated Corn Belt weather. At 9:30 am, the EIA will release its weekly petroleum report, including ethanol production and stocks.

Weather

A weakened cold front continues to sag into the Southeast on Wednesday, where it is producing scattered showers and thunderstorms, and will protect the East Coast from Hurricane Erin, which is making a pass well away from North Carolina Wednesday and Thursday. Another system in the Canadian Prairies is also producing scattered showers and thunderstorms. That storm system will be the start of a cooler weather pattern as a cold front sweeps through the country Thursday through the weekend with cold air to follow.

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