NEWS

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Amazon Prime Day is not even a day old and we get the latest in the Amazon ($AMZN) expansion octopus. The latest target appears to be Zillow ($Z).

A double dose of Fed Chairwoman Janet Yellen this week. Wednesday, July 12 she will give her semi-annual monetary policy testimony, (formerly known as the Humphrey-Hawkins testimony) before the House Financial Services Committee.

PNC Financial ($PNC) reports second-quarter results on Friday, July 14 before the market opens. $PNC joins Citigroup ($C), Wells Fargo ($WFC) and JPMorgan ($JPM) reporting Friday morning.

JPMorgan Chase (JPM) along with the other money center major banks PNC Financial ($PNC), Wells Fargo ($WFC) and Citigroup($C) kick off the banking sector's Q217 earnings season on Friday, July 14 before the market opens.

IMF Is out with its U.S. Article IV Press Briefing, its view on the U.S. economy and its prescriptions for improvement.  Lower forecasts put the IMF in-line with the Fed.

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