 And from the Bloomberg Interactive Brokers Studios, I'm John Tucker with this Bloomberg Business Flash. After setting its 35th record for the year futures on the S&P 500, they are higher this morning. The second quarter reporting season gets underway. Investors also waiting for Federal Reserve Chair Jerome Powell's testimony to Congress. We'll be looking for clues on the interest rate outlook. The market's right now pricing the chance of two rate cuts this year, roughly a 70% chance of the first cut in September. That's according to Swaps.