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 Here is what you need to know. It's Fed day. According to Reuters, "The Federal Reserve is expected on Wednesday to point to a growing US economy and stronger job market as it sets the stage for a possible interest-rate hike in September." Wednesday's meeting will not have an accompanying Janet Yellen news conference or staff economic projections. The rate decision is expected to cross the wires about 2 p.m. ET. Twitter is crashing. The social-media giant earned $0.07 per share, topping analyst estimates by $0.03. Revenue surged 60.8% versus a year ago to $502 million, easily surpassing the $481.1 million that was expected. The stock saw gains of more than 6% after those results crossed the wires, but things quickly deteriorated on the conference call when CFO Anthony Noto suggested Twitter's user base would not see meaningful growth for a "considerable" amount of time. The stock was lower by more than 12% as the call ended. Yelp is getting smoked after earnings. The platform for business ratings and reviews announced adjusted earnings of $0.12 per share, missing the Wall Street estimate of $0.16. Revenue surged 50.8% to $133.9 million, just ahead of the $133.45 million that was anticipated. The bad news came in the form of Yelp's slashing its full-year 2015 revenue forecast to $544 million to $550 million from $574 million to $579 million because of "slower sales headcount growth and the elimination of its brand advertising product." The stock was down as much as 16% in after-hours trade. Windows 10 is here. The operating system is receiving rave reviews early on. Users are praising Windows 10 for the new start menu, its look and feel, and its virtual assistant. "I'd suggest you wait six weeks," Yahoo's David Pogue wrote. "By then, Microsoft will have swatted most of the bugs, and many of your favorite software companies will have released Windows 10-compatible versions." Amazon wants airspace to use drones for delivery. The online retailer is trying to forge ahead with its use of drones for delivery within 30 minutes. According to AFP, Amazon Prime Air project vice president Gur Kimchi "proposed setting commercial drone zones between 200 and 400 feet (61 and 122 meters) above the ground, with a no-fly buffer of 100 feet above to keep them safely apart from other aircraft." Many believe the Federal Aviation Administration will miss the deadline for its long-awaited ruling on civilian drone use, which is supposed to come in September. New York is preparing a dark-pool settlement with Credit Suisse. New York Attorney General Eric Schneiderman is preparing a September settlement with the investment bank over its use of dark pools, according to the New York Post. A dark pool is a loosely regulated exchange that allows investors to trade anonymously. No dollar amount has yet to be given regarding the size of a potential settlement. Russia suspended foreign currency purchases. The Bank of Russia announced plans to freeze foreign currency purchases to rebuild its reserves. According to Reuters, back in May, the central bank said it would buy $100 million to 200 million of foreign currency each day to rebuild its depleted reserves. Some speculate the move coincides with the central bank's defending the 50-to-60 per-dollar range, but the central bank denies targeting its currency. Russia's ruble is stronger by 0.9% at 59.4503. Chinese stocks surged. A late-day rally led China's Shanghai Composite (+3.4%) to pace the gains in Asia as Japan's Nikkei (-0.1%) lagged. In Europe, Britain's FTSE (+0.5%) is out in front. S&P 500 futures are higher by 4.25 points at 2,091.50. US economic data is light. Pending home sales will be released at 10 a.m. ET, and crude-oil inventories are due out at 10:30 a.m. ET. The Treasury will auction $35 billion five-year notes at 1 p.m. ET. The US 10-year yield is up 2 basis points at 2.27%. Earnings releases come fast and furiously. Anthem, International Paper, MasterCard, and Northrop Grumman highlight the names scheduled to report ahead of the opening bell. Facebook, MetLife, Whole Foods, and Wynn Resorts are among the companies who will announce their quarterly after the close. | 
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