Marley Kayden and Sam Vadas discuss July's flat wholesale inflation report and what it could mean for the Fed's path forward. They also break down major market movers, including Workday's (WDAY) surge on acquisition speculation, Lenovo's strong earnings-driven rally, and JD.com's (JD) decline despite an earnings beat. Investors are now focused on upcoming PCE inflation and retail sales data for the next clues on the economy.