Only two models currently have a projection for this system. One has it becoming a strong Tropical Storm (IVCN Model) however the GFS has this remaining fairly weak as you progress through the upcoming week. Whatever results, it will likely be a fish storm by early indications. Or in other words, stay off the eastern united states shore.
It will have to fight off dry air which it will be heading into over the next several days. We will monitor this but quick development of this system is very unlikely.
Winds currently are at 35mph, however it will be entering into a fairly hostile environment for development.