NEWS

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Moderna reported that it's phase one results show that experimental vaccine for COVID-19 is safe and induces an immune response in it's early stage study. $MRNA Shares surged 16% on the news.

Wells Fargo reported worse than expected Q2 earnings before the bell on Tuesday with its first quarterly loss since the Great Recession. $WFC reported along with JPMorgan $JPM

JPMorgan Chase, America's largest bank reported better than expected Q2 earnings Tuesday before the open. $JPM bond and equity trading revenue surged 79% to a record $9.7 billion. Citbank and Wells Fargo also reported Tuesday.

Fitch on Friday downgrades Italy's 'BBB-' rating from 'BBB'and outlook stable. Reflects impact of global COVID-19 pandemic on Italy's economy and on sovereign's fiscal position

Natural gas futures were higher after lower than expected build of +56 Bcf in natural gas storage last week. The  focus is on warm weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.

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