Here Comes Philly Fed...

The latest manufacturing report from the Philadelphia Federal Reseve is expected at the top of the hour.

Economists are looking for a reading of 16.0, below last month's 17.8 reading.

The June report also showed that the prices paid index rose 12 points, and after yesterday's producer price index report topped expectations, that number will be closely watched.

We'll be back with the live numbers when they hit.