S&P futures are up +0.03%, hinting at a flat open following a strong Thursday session. Following the Fed rate cut, Asian markets ended Friday trading mostly mixed, and European markets are weaker in early trades. China has announced a CNY10T package to refinance local government debt as the NPC Standing Committee meeting concluded. Lawmakers approved a debt swap plan, raising the local government debt ceiling by CNY6T to CNY35.52T by the end of 2024, which aligns with the lower end of economists' forecasts. The plan allows local governments to issue CNY6T in special bonds to address hidden debt and access an additional CNY4T in a new special local bond quota. No new measures on domestic consumption were announced. Companies Mentioned: Amazon, Lifeway Foods, CVR Energy