Markets
Weekly jobless claims and existing home sales are a few of the economic reports out on Thursday morning. We'll watch for any macro market response to the 25-basis-point cut in interest rates by the Fed on Wednesday. We will also be watching for any news regarding the next U.S.-China trade negotiation, which begins on Thursday.
Weather
Scattered thunderstorms that developed in the western Midwest overnight will linger this morning before diminishing. Heavy rain may mean local flooding due to this activity. A few scattered showers in the northern part of the central Plains region and the western areas of the Canadian Prairies Thursday or Thursday night. Tropical depression Imelda will continue to cause locally heavy rain as it moves north over east Texas with rain also extending into western Louisiana. Little elsewhere in the key U.S. and Canada growing areas Thursday. Temperatures average above normal through key growing areas of the U.S. and Canada today, although it has turned cooler through eastern areas and it is also cooler in western areas.
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