Wall Street waiting for Fed Chair Powell to testify

Chuck Zodda and Mike Armstrong are waiting, just like Wall Street, to see what Fed Chair Jerome Powell will say in his testimony later this week. Oil consumption is heading for a record year. Why won't EVs change our oil consumption? Amazon's pause on construction on its second headquarters in Arlington, VA., sends a downbeat but limited signal about growth. Tesla will slash prices on its Models S and X for the second time this year. The cost of the higher-end models has dropped by as much as $29,000.