Here's what is happening in the markets today, Friday, August 27th:

- Today Futures higher ahead of Fed Chair Jerome Powell's speech at 10am ET.

- Gap (GPS) up 8% pre-market after a nice earnings beat.

- Peloton (PTON) down 7% after an earnings miss.

- Big Lots (BIG) down 9.5% pre-market after reporting earnings. The company reported $1.09EPS vs a 1.12est but also announced that comparable store sales fell 13.2% which was more than expected.

- HP Inc (HPW) down almost 5.0% pre-market in spite of an earnings beat. The company reported $1.00EPS vs a $0.84est but rev came in lower than expected. 

- Dell (DELL) down almost 2.0% pre-market after an earnings beat.

- Workday (WDAY) reported $1.23EPS and better rev. Subscription rev was also up 23% from a year ago and shares are up 7.0% pre-market.

- Hibbett Sports (HIBB) up 6% pre-market after doubling its earnings last quarter ($2.86EPS vs $1.44est).

- Is Tesla (TSLA) going to solve Texas' energy problem? Tesla has filed an application with the Texas Public Utility Commission to sell electricity directly to consumers.

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