FOX News' Chad Pergram with the update

This is very much expected and the hope/optimism was in part what kept markets more upbeat yesterday but talks have been dragging on for the longest of time now. Sure, there are some encouraging signs but until there is a deal, there's room for skepticism.

US futures have lost a bit of altitude from earlier, with S&P 500 futures down 0.3% and Nasdaq futures down 0.4% as we near mid-morning in Europe today.