US Futures are Lower as Tension With Russia Over Syria is Front and Center

US Futures are lower as tension with Russia over Syria is front and center.   President Trump advised Russia to be ready for missiles launched at Syria as Russia vowed to shoot them down.  US futures immediately reacted to the tweets, dropping 100 Dow points.  In economic data, CPI was softer than expected on a month-over-month basis, however, core and year-over-year data were inline with expectations.  Later this morning the market will get the latest readings on crude and gasoline inventories.  At 2pm, the Fed will release the minutes from the March meeting.  The market will be looking for any discussion on the trade dispute affecting policy and/or any changes in style as Jerome Powell takes the lead.  European shares are lower with consumer stocks leading the decline.  Asian shares closed mixed, failing to hold on to gains.  Japanese shares closed lower despite a better than expected core machinery orders in February.

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