BY THE NUMBERS

U.S. stock futures were pointing to a positive Wall Street open, but what happens at Wednesday's close no doubt depends on the Fed's interest rate decision and policy statement at 2 p.m. ET. Central bankers are expected to reduce borrowing costs for the first time since 2008. After logging its best June since 1938, the Dow with one trading day left this month was up 2.25% for July and up 16.6% for all of 2019. (CNBC)

* Fed credibility is at stake as it looks to cut rates under pressure from a vocal president (CNBC)

Another busy morning for earnings includes quarterly results from General Electric (GE) and Spotify (SPOT). Qualcomm (QCOM) and Occidental Petroleum (OXY) are among the after-the-bell profit reports. (CNBC)

* GE shares jump 5% after beating low earnings expectations as cash flow stabilizes (CNBC)
* GE CFO Jamie Miller stepping down, will stay in role during transition (CNBC)
* Spotify shares slip despite reports subscriber growth as the podcast industry booms (WSJ)