Wall Street in the green, waiting for Fed-speak for more direction
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=37230bdd534e99e9869293dadf0968e72429b5f9432764ca42fc13cb31d8663943d33f3ec08c28691697758cd067ff50a3d95d63d1d6e2ee49193e19dc9ab47aCNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=37230bdd534e99e9869293dadf0968e72429b5f9432764ca42fc13cb31d8663943d33f3ec08c28691697758cd067ff50a3d95d63d1d6e2ee49193e19dc9ab47a here. https://click.response.cnbc.com/?qs=599b100fbd9a78f45870881274058d7ed9dbde6ebd15878bba5e250f99e6557948dea2167f08cb07 https://click.response.cnbc.com/?qs=599b100fbd9a78f40c337d4cbbf0cb470e2bb77af848b655fe9406ac6c9b6c4da2df818f775c1418 IN THE NEWS TODAY U.S. stock futures were https://click.response.cnbc.com/?qs=599b100fbd9a78f4d9f879aa80331c79e245abc3b44f8c728522124ae1a04a89c615f113f35397b7 higher this morning, after Wall Street logged its third down session on Tuesday in the past four. The British pound hit another 31-year low against the dollar and a five-year low versus the euro on concerns surrounding Brexit. (CNBC)Chicago Fed President Charles Evans https://click.response.cnbc.com/?qs=599b100fbd9a78f45251aade39f5d8bf52866bf6b5d816d99d8fb683e7564002d7dd4133f09b11db said he'd be "fine" with raising interest rates by year end, if economic data continued to come in firm and inflation accelerated. Minneapolis Fed President Neel Kashkari and Richmond Fed President Jeffrey Lacker also speak today. (Reuters)Oil was sharply higher this morning, after https://click.response.cnbc.com/?qs=599b100fbd9a78f40f38923b626ba62057600d8d48ccb70bd933691068406947aabcb2fe0eb5d13e industry data showed U.S. stockpiles falling for the fifth straight week. The Energy Department issues its weekly oil inventory report at 10:30 a.m. ET. American crude prices slipped Tuesday, breaking a four-day winning streak. (Reuters)Gold was stable this morning, after https://click.response.cnbc.com/?qs=599b100fbd9a78f42dac9aca8c65ceb89d03d6e137b5279608647dc7bd3153994b485e57eddf4f8b plunging 3.2 percent to three-month lows Tuesday, the worst single session loss in three years. The plunge was triggered by speculative selling and a break of key technical support levels. (Reuters) https://click.response.cnbc.com/?qs=599b100fbd9a78f4a8be79a25197625406b0958578f4d6f6088df2fe9484dd456c61c4945903e82b https://click.response.cnbc.com/?qs=599b100fbd9a78f4475f5f53f0e512becb20efd2961529d53a8215c7f8f315b27819ffa57ea22d1b https://click.response.cnbc.com/?qs=599b100fbd9a78f46622f39dda82e3055a14f93f164aa16c3bcdd7f5fc463e116213b9d626114364 At the vice-presidential debate, Donald Trump's GOP running-mate, Mike Pence, https://click.response.cnbc.com/?qs=599b100fbd9a78f4b5f901c0581b9eb84ad357ac05f08b850e1ff15f74d3d2aee63c3626821ffb43 coolly and effectively laid out his case against his Democratic counterpart, Tim Kaine, who seemed flustered by Pence's jabs at Hillary Clinton which he repeatedly attempted to interrupt. (NBC News) https://click.response.cnbc.com/?qs=599b100fbd9a78f44eec9c6a179bbd2ffc8b9a7b71e15d9a7d89c5c123fd880c89c6ae6a8f5ed901 Donald Trump and https://click.response.cnbc.com/?qs=599b100fbd9a78f4c9146db72af67f4064557870ab44d533d4585b1aa8d4a174dc4c6aca20a8a83a Hillary Clinton were active on Twitter last night, sharing their thoughts on the debate. The top of each ticket offered praise for their running-mates and traded digs. Hurricane Matthew, the most powerful Atlantic storm in almost a decade, https://click.response.cnbc.com/?qs=599b100fbd9a78f4b76fd02c27e6e8f4374ce917c95c63aceb03f595f67bf950171e9dbc5d969fbd took aim at the Bahamas this morning, after flooding streets, flattening homes, and leaving a trail of destruction in Haiti. Matthew brushed past Cuba last night. (NBC News) Empty shelves and long gas station lines were https://click.response.cnbc.com/?qs=599b100fbd9a78f4cc5d69db208703ae73aa5eb6d812732a1bd73e210ce01c7cdcdd4b909f24f0e6 reported across the Southeast early this morning, as Hurricane Matthew threatened to unleash chaos on coastal communities. A state of emergency was declared in Florida, Georgia and the Carolinas. (NBC News) Twitter (TWTR) is https://click.response.cnbc.com/?qs=599b100fbd9a78f4009553ab2806ee6c6be5739fa9d36ba7df7d67fa09061524a69f5d99933b9e9b expected to field offers this week. Salesforce (CRM) CEO Marc Benioff, who was beaten to the punch by Microsoft (MSFT) for LinkedIn (LNKD), is reportedly working to convince his shareholders that a Twitter deal makes sense. (WSJ) Shares of Deutsche Bank https://click.response.cnbc.com/?qs=599b100fbd9a78f4297f1515774b54a64156af2cda86426b9e8f8c82e0ba2b529d58a279acad3c5e seesawed in Wednesday trading in Europe, after a report said the embattled German lender was looking at a much lower settlement with U.S. authorities, adding to speculation on a possible outcome for its litigation issues. (CNBC) Microsoft and Google https://click.response.cnbc.com/?qs=599b100fbd9a78f47895341ef1ba9f340571bcf9e1610600c0de1b99249b333ccd10eed79642edb2 told CNBC their email services, Outlook, Hotmail and Gmail, are safe from U.S. government spies, following a Reuters report that Yahoo secretly scanned customer emails for U.S. intelligence officials.Netflix (NFLX) https://click.response.cnbc.com/?qs=599b100fbd9a78f4993e0b1298cbda93b932a7486b5b4d5bc26b6c276933d9f6e6b343049da939ad signed a deal with luxury movie house iPic Entertainment to put its original movies in theaters in Los Angeles and New York City on the same day they debut on its streaming video service. The first Netflix movie, "The Siege of Jadotville," opens Friday. (WSJ) Aston Martin will lead the ultra-luxury segment of the electric auto market, https://click.response.cnbc.com/?qs=599b100fbd9a78f4e03c57f20df1e0bc4f794ab31fa5dc3ff66b40f51b81b086be28cf13e95135da CEO Andy Palmer told CNBC . He added: "Tesla fits in the premium market, competing with the likes of BMW and Mercedes. Aston sits above that." BY THE NUMBERS In the lead-up to Friday's government employment report for September, investors get a warm-up from the ADP's private sector jobs for last month. Due out at 8:15 a.m. ET, forecasts call for 173,000 new positions added at U.S. companies.The government issues August trade deficit data at 8:30 a.m. ET. The ISM releases its September manufacturing index and the government is out with factory orders for August, both at 10 a.m. ET.Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. That translated into total home loan application volume https://click.response.cnbc.com/?qs=599b100fbd9a78f49e275918877679e6478155528b34a268abc2cc52ae20ca3d0a254aa4a1ea1c49 rising 2.9 percent .Chemical maker Monsanto (MON) and spirits producer Constellation Brands (STZ) are on the short list of corporate earnings due out this morning, while restaurant operator Yum Brands (YUM) issues its quarterly results after today's closing bell.Micron Technology (MU) last Tuesday reported a small-than-expected adjusted quarterly loss of 5 cents per share. Revenue also beat. The chipmaker also forecast a better-than-expected current quarter profit. STOCKS TO WATCH McDonald's (MCD) is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group, in a transaction estimated at up to $400 million, according to Reuters.BlackRock (BLK) is cutting fees for more than a dozen of its exchange-traded funds, helping it better compete with offerings by rivals like Vanguard and State Street (STT).Blackstone (BX) agreed to sell its China-based technology outsourcing unit, Pactera Technology, to HNA Group for about $675 million in cash, according to Dow Jones. HNA is a China-based shipping and airline company.Endurance Specialty Holdings (ENH) is being bought by Japanese insurer Sompo Holdings for $6.3 billion or $93 per share, compared to yesterday's close of $87.87 for the U.S. based casualty insurer's stock.Constellation Brands (STZ) bought craft whiskey maker High West Distillery for about $160 million as it moves ahead with plans to expand further into premium spirits.Sears (SHLD) CEO Edward Lampert said the retailer plans to keep operating the Kmart chain, even as it explores options for other parts of the company like its Kenmore, Craftsman, and DieHard brands.Amazon said Prime members are now able to read as much as they like from a selection of over a thousand top Kindle books, magazines, short works, comic books, children's books and more — all at no additional cost. WATERCOOLER The Toronto Blue Jays https://click.response.cnbc.com/?qs=599b100fbd9a78f44c2dcfa06625d41d11f62b7ec86cd0e94e571b3fe239f654db47999f7ec999ab advanced to the American League Division Series with a raucous 5-2, 11-inning victory before a home crowd over the Baltimore Orioles last night. The Blue Jays face the Texas Rangers in Game 1 on Thursday in Arlington. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=599b100fbd9a78f427c85806a9dec657c734e38fbe95f295e4643a53e3290cffbcbb412fa2120fc6 https://click.response.cnbc.com/?qs=599b100fbd9a78f427c85806a9dec657c734e38fbe95f295e4643a53e3290cffbcbb412fa2120fc6 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=599b100fbd9a78f46490e3bfb1cdc51727c72ca4a1ce92d7bbed62eefa9f4743cc3e596000ae10d6 @Matt_Belvedere https://click.response.cnbc.com/?qs=599b100fbd9a78f409f2aa4cb94a8d74babe72aee072a01e8e39e0e159a3df06d58fa12505302556 https://click.response.cnbc.com/?qs=599b100fbd9a78f409f2aa4cb94a8d74babe72aee072a01e8e39e0e159a3df06d58fa12505302556 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=599b100fbd9a78f4069c965043268d1eab2a330e57d451cc7a2f13bde65ba08fe4e93604e433274c @peterschack https://click.response.cnbc.com/?qs=599b100fbd9a78f4f4ac0de742a86230e7555410e808b5a6ca55a385bf39e6213fd9a2c317ec54df https://click.response.cnbc.com/?qs=599b100fbd9a78f4f4ac0de742a86230e7555410e808b5a6ca55a385bf39e6213fd9a2c317ec54df Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=599b100fbd9a78f49da1b607153cfe509ad0df6a503abdc283a643ae7811ad8bfc425628f63c12ce our simple form to let us know what you think. 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