Stock futures are slightly up as investors await key retail sales data and the Federal Reserve's interest rate decision. The market is optimistic about a possible Federal Reserve rate cut, with expectations of at least a 25 basis point reduction to support the economy. Tesla's shares surged after Elon Musk bought $1 billion worth of stock, while Alphabet hit a record market value. August retail sales data is expected to show slower growth. An appeals court ruled that President Trump cannot remove Federal Reserve Governor Lisa Cook. The Senate confirmed economist Stephen Moran to the Federal Reserve Board. Oracle is reportedly part of a consortium that could help TikTok continue operating in the United States. Gold prices hit a new record high near $3,700 an ounce, boosted by a weaker dollar ahead of the Federal Reserve's rate announcement.