There's not much movement in U.S. stock markets today. Blue-chip shares are modestly higher, with the Nasdaq Composite and Russell 2000 off slightly. The yield on the 10-year Treasury note is steady at 4.45%. Gold, oil and Bitcoin are all trading higher today. The European Central Bank made the first move (ahead of the U.S. Federal Reserve) by cutting rates by 25 basis points to 3.75% -- its first cut in five years. In the U.S., economists and the Fed are still weighing the evidence to justify that kind of pivot. The data keeps coming but it is starting to lean more and more to making the case for a cut. Elsewhere, weekly unemployment claims increased 8,000 from the past week to 229,000, according to the U.S. Department of Labor. While that number is higher than the four-week average of 222,250, the jobs market remains healthy from this angle. We will start to worry about the strength of the consumer sector of the economy if claims soar toward 300,000.

Cummins designs, manufactures, and distributes diesel and natural gas engines and power distribution systems. The shares are a component of the S&P 500. The company has 61,600 employees.

Chevron is the second-smallest of the world's five 'super majors.' It is the result of the 2001 merger of Chevron and Texaco. The company's operations range from energy exploration and production to refining and retail marketing. Australia, Southeast Asia, and West Africa are significant international production centers for the company.

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.