NewsWare's Trade Talk: Wednesday, February 12

S&P Futures are trading lower this morning with the markets in a holding pattern ahead of this morning CPI report. President Trump is expected to make an announcement today on tariffs and he is likely to use a 1930's trade law as the basis for reciprocal U.S. tariffs. Fed Chairman Jerome Powell will be continuing his testimony on Capitol Hill today. Earning beats this morning from BIIB, CVS & GNRC and last night from GILD, DASH, & AIG shares are trading higher. After the bell today CSCO, APP, EQIX HOOD, RDDT & UPWK to report. Oil prices are falling after last night's AOI data displayed a big build in inventories.