Welcome back to Wall Street Breakfast.

Today is Wednesday, August 27th.

I'm Rina Sherble filling in again for Julie Morgan.

Today's top stories, futures flat as traders await Nvidia earnings,

Musk's lawyers try to stop Open AI, and Fed Governor Lisa Cook's lawyers says she'll sue.

Stock index futures were largely flat on Wednesday as traders awaited Nvidia's quarterly results.

SMP 500 futures were flat, NASDAQ 100 futures were

up 0.1%, and Dow futures largely unchanged. The 10-year treasury yield rose one basis point to 4.2

percent, and the two-year yield fell one basis point to 3.7%.

Invidia is set to be the centerpiece of this week's earnings calendar with its Q2 report

scheduled for release after the market closes today.

Analysts are forecasting about 50% year-over-year growth in both sales and profits,

fueled by relentless demand for AI chips and accelerating data center momentum.

Other big earnings for the day include Crowdstrike, Snowflake, and HP, among others.

Wall Street closed out Tuesday higher after being mostly muted throughout the day,

even as President Donald Trump said he would dismiss Fed Reserve Governor Lisa Cook on Monday

following a mortgage fraud allegation.

Interestingly, equities advanced despite the news with the SMP 500 closing just under 0.04%

beneath its record high.

In part, that was because investors were still unsure if there'd actually be a radical policy shift

at the Fed. But several data points also helped to support risk appetite as they lean against the

idea that the U.S. economy was slowing down, particularly after the recent jobs report, Deutsche

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