BY THE NUMBERS

U.S. stock futures were higher this morning after the S&P 500 briefly broke above 3,000 for the first time ever, before finishing just shy of another record close. Fed Chairman Jerome Powell on Wednesday gave stocks a boost, bolstering the case for an interest rate cut later this month, in an appearance before the House Financial Services Committee. Investors will watch for any changes in tone from Powell as he goes before the Senate Banking Committee today. (CNBC)

* Powell says strong June jobs report did not change the Fed outlook (CNBC)
* Powell says he would not resign if asked by President Trump (CNBC)
* Powell explains why a return to the gold standard would be so damaging (CNBC)

Bitcoin, the world’s biggest cryptocurrency, sank 12% to about $11,300 this morning, a day after Powell said he has “serious concerns ” about Facebook’s (FB) planned Libra digital currency. Bitcoin, which had hit a 17-month high just two weeks ago, has tempered some of today’s losses. (CNBC)

On today’s economic calendar, weekly jobless claims and June consumer price figures are out at 8:30 a.m. ET. This afternoon, federal budget numbers are due at 2 p.m. ET. Meanwhile, Delta Air Lines (DAL) reports quarterly earnings before the bell. There are no major companies reporting earnings after the bell. (CNBC)

* Delta raises 2019 profit outlook, sending shares higher (CNBC)