Market Overview - Pre-market futures are showing positive movement across major indexes, with the Dow and S&P 500 up slightly, while the Nasdaq is up by 70 points [1] - The small-cap Russell 2000 is also in the green, up by 0.40% after a strong performance the previous day [1] Earnings Reports - BP reported its first positive earnings surprise in three quarters, with earnings of $0.90 per share, exceeding the consensus of $0.68 by 32.35% [3] - Marathon Petroleum posted earnings of $3.96 per share, beating the consensus of $3.22 by 23%, with revenues of $34.1 billion, a surprise of 10.3% [4] - Pfizer continued its streak of positive earnings surprises for 13 consecutive quarters, reporting earnings of $0.78 per share, surpassing expectations by 34.48% [5] - Great Lakes Dredge & Dock saw an earnings surprise of 75%, reporting $0.14 per share against a consensus of $0.08, with shares up 8.7% [5] - Caterpillar missed earnings expectations, reporting $4.72 per share, below the anticipated $4.88, although revenues of $16.57 billion beat estimates by 1.32% [6] Trade Deficit - The U.S. trade deficit improved to -$60.18 billion in June, significantly better than the projected -$61.0 billion and down from -$75.5 billion the previous month [7] Economic Indicators - The final PMI on S&P and ISM Services for July is expected to be released, with previous S&P print at 52.9 and ISM at 50.8, now anticipated to increase to 51.1 [8] Upcoming Earnings - The week is busy for Q2 earnings reports, with notable tech firms like Advanced Micro Devices, Arista Networks, and Skyworks Solutions set to report, along with Amgen, Snap, Match Group, and Trivago [9]

First, let's get some breaking uh economic data just crossed. Rick Santelli has that for us. Rick.Yes. And there's a lot of it. If we look at the factory orders, durable goods, let's start there.Factory orders for May up 8.2%. Up 8.2%. I have five years here. I don't have a higher number. That is a huge number.And that follows a slightly revised minus 3.7% that moves to minus 3.9%. We started out the year in single digits. It certainly seems though this is telling us that all the trade pulled forward may in ...