US Futures are off the lows of the morning, but remain lower. President Trump released his FY 2019 budget proposal on Monday. Some of the highlights of the budget proposal include a repeal Obamacare, reduce Medicaid benefits added under the Affordable Care Act and significant changes to student loans. There is doubt that budget would get through Congress without significant changes. European shares are mostly lower with telecom stocks leading lower. Consumer inflation in the U.K. was unchanged in January at 3%. Asian shares closed mostly higher with the exception of the Japanese Nikkei, which reversed early gains to close lower.