A.M. Update

S&P futures are own -0.1% as the Dollar (+0.35%) and Yields (2y +2bp and 10y +4bp) rise modestly. In enrings Walt Disney (DIS) is a standout winner this morning after the company reported better than expected earnings while shares of PayPal (PYPL) sink in the premarket. Overseas, Japan’s Nikkei closed near its record high from…