U.S. Stock Futures Are Lower with Uncertainty Related to Domestic Legislative Issues #Evergrande #DebtCeiling #Hopson

U.S. stock futures are lower: Uncertainty related to domestic legislative issues, Chinese property developer Evergrande and slowing potential growth and higher inflation are driving futures lower this morning.  In Washington, officials are negotiating a reduced spending package in order to pass both two legislative plans together, including the bipartisan agreed infrastructure package. Additionally, discussions about raising the debt ceiling are still in process. Chinese property developer Evergrande is planning on raising much needed capital from asset sales and another property company Hopson is schedule to announce a major transaction.  Trading on both companies’ shares were halted on Monday. 10y treasury yields are higher this morning as inflation fears are still lingering.  Investors are waiting for the employment report out this Friday.  OPEC+ will meet today to determine production levels, which are expected to remain the same: an increase of 400,000 per day.  Most international indexes are trading lower.