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• Market Outlook
  The S&P 500 futures are up 13 points and are trading 0.3%...
  The S&P 500 futures are up 13 points and are trading 0.3% above fair value. The Nasdaq 100 futures are up 24 points and are trading 0.2% above fair value. The Dow Jones Industrial Average futures are up 185 points and are trading 0.5% above fair value. 
  
  Personal income rose 0.2% in July (Briefing.com consensus 0.3%) following a 0.3% incline in June. Personal spending rose 0.8% in July (Briefing.com consensus 0.7%) following a revised 0.6% incline in June (from 0.5%).
  
  The PCE Price Index increased 0.2% in July (Briefing.com consensus 0.2%) following a 0.2% increase in June. The core-PCE Price Index, which excludes food and energy, increased 0.2% in July (Briefing.com consensus 0.2%) following a 0.2% increase in June.
  
  Weekly initial jobless claims totaled 228,000 (Briefing.com consensus 235,000) following last week's revised count of 232,000 (from 230,000). Continuing claims came in at 1.725 million following last week's revised total of 1.697 million (from 1.702 million).
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• Other News For Thursday Morning
  > College football season kicks off in earnest tonight; see previews...

  > College football season kicks off in earnest tonight; see previews for key Week 1 matchups (More) | Saudi Arabia's Public Investment Fund purchases $100M stake in Professional Fighters League (More)

  
  

  > CNN taps former BBC and New York Times executive Mark Thompson as its new chairman and CEO (More)

  
  

  > Team USA among 16 teams to advance to the second round of men's Basketball World Cup (More) | Spanish soccer chief Luis Rubiales' mother now hospitalized following hunger strike protesting his suspension (More)

  
  

  > Researchers show implantable bioreactor can keep kidney cells alive for at least one week, a breakthrough in the effort to find alternatives to dialysis for patients with kidney failure (More)

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• Hope for Offshore Wind Boom in Gulf of Mexico Dims With Low Bids
  The first-ever US government auction of leases to build wind farms in the Gulf of Mexico ...
  The first-ever US government auction of leases to build wind farms in the Gulf of Mexico ended with only one tract sold, a blow for advocates cheering on renewable-power development in the region.
  
  RWE Offshore US Gulf LLC won a 102,480-acre (41,472-hectare) tract near Lake Charles, Louisiana, for $5.6 million, after just two rounds of bidding. The area has room for enough turbines to generate approximately 1.24 gigawatts of power, which could supply nearly 435,400 homes.
  
  Three tracts, including two near Texas, were offered in the auction, and more than a dozen companies had pre-qualified to participate, including energy giants with existing oil operations in the Gulf.
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• Texans asked to conserve power Wednesday for the eighth time this month
  The state's grid operator asked Texans to conserve electricity...
  The state's grid operator asked Texans to conserve electricity from 6 to 9 p.m. on Wednesday as conditions are expected to be tight due to unexpected outages at plants fired by gas, nuclear, or coal and because of forecasted low wind power generation. It's the eighth such request from the Electric Reliability Council of Texas this month amid intense heat and threats of a power supply emergency.
  
  So far, the grid has held up, and temperatures even cooled slightly around much of the state this week.
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• Pantheon celebrates positive report for Kodiak project
  An independent assessment by Netherland, Sewell & Associates...
  An independent assessment by Netherland, Sewell & Associates estimates that Pantheon Resources' Kodiak project on Alaska's North Slope holds 962.5 million barrels of mean average contingent resources, affirming both Pantheon's geological model and development strategy for leases across some 126,000 acres. Pantheon CEO Jay Cheatham hailed the evaluation as an "incredible achievement," while technical director Bob Rosenthal noted that "it is very rare to see certified resources of this size, particularly onshore and near to infrastructure."
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