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Tony Owusu: US markets are trading anomaly in the green on Thursday. This is after they started the morning in the red. This is due to new data suggesting that the federal reserve may cut interest rates once it meets in October. CME Group says that the market is pricing in 90% probability that the federal reserve will cut rates by a quarter of a percentage when it meets later on. This is up from a 75% probability that was priced into the market. Next, we have MGM resorts, which reached at $735 million to $800 million settlement - class action settlement with the plaintiffs in the case based on the Las Vegas shooting from two years ago. Almost two years to the day on October 1st a gunman killed 58 people in Las Vegas and wounded hundreds more. MGM resorts has been negotiating a settlement with the plaintiffs and it came out today the settlements is between $735 million and $800 million. The stock hasn't moved yet, but it's good to have that monkey off its back.

The major U.S. indices were able to climb back into the green after spending most of the morning in negative territory as dismal economic data weighs on markets. 

The silver lining in the disappointing ISM services and manufacturing data is that the possibility that the Federal Reserve will cut interest rates is rising. 

CME Group published data suggesting that markets are pricing in a 90% probability that the Fed will cut rates following its meeting in October. That's up from the 75% probability that was priced in earlier. 

MGM Resorts (MGM - Get Report) said it reached a settlement agreement with plaintiffs in a civil case against the company tied to the Oct. 1, 2017, mass shooting in Las Vegas that left 58 people dead.

The settlement is expected to be $735 million to $800 million, depending on the number of claimants who chose to participate in the settlement. The company expects the process to be completed by late 2020.

"Our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process," MGM CEO Jim Murren said in a statement.

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