Volatility is back! Dow futures swing deep into the red
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=a17ca6092856efb14b6247b157d7818d8eb18568d831b74889b1ba0f0ae0d9bd0687a1b6db9008ff47b2f73ffc697fca0c767cc741f4bc7ac40828240a92e669CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=a17ca6092856efb14b6247b157d7818d8eb18568d831b74889b1ba0f0ae0d9bd0687a1b6db9008ff47b2f73ffc697fca0c767cc741f4bc7ac40828240a92e669 here. https://click.response.cnbc.com/?qs=9a3fdaa99f355f613d35c4fb66eaf90dcf1126adac521ef7c58891510b5e7838937eac5dc03df7d4 https://click.response.cnbc.com/?qs=9a3fdaa99f355f613dbcc31ecc148ecfbd80e808bed5518a8b5768604a394e6f24162a6e92c11026 IN THE NEWS TODAY Dow futures https://click.response.cnbc.com/?qs=9a3fdaa99f355f61149ec97b8afd99365ebd1730fc44981dd9d6dd073a964e356f4773c981bbfb6b were falling in early trading, as market gyrations make their return. The Dow surged nearly 240 points on Monday, a huge turnaround from depressed premarket trading, as a Fed governor advised "prudence" with regards to interest rates. (CNBC)Oil prices were sharply lower this morning, after https://click.response.cnbc.com/?qs=9a3fdaa99f355f616baaa0402e92c479c50e9ce0e3d690a783623a8396a50c4ee67bf3f6b7cf708f the IEA's latest forecast sees global demand growth slowing at a faster pace than first thought and it taking "a while longer" for the market to rebalance. U.S. crude was higher Monday, the fifth gain in the latest six sessions.Goldman Sachs https://click.response.cnbc.com/?qs=9a3fdaa99f355f61e123f2021494d5ac6414304bd68d8a4fbdcb3d50a99f8a8eabe22df5cc0ac039 has trimmed to 25 percent the odds of a Fed interest rate hike next week, noting the absence of a clear indication that the central bank's policymaking group was set to tighten. Goldman sees an increased 40 percent chance of a Fed move in December. (CNBC)JPMorgan (JPM) chief Jamie Dimon said the timing is right for a Fed rate hike, with the U.S. economy humming along. Responding a question after a speech in Washington, https://click.response.cnbc.com/?qs=9a3fdaa99f355f61bdce1e954f4532f4542be121df18226717ac6578037d4b18c31000a20e57368a Dimon said he'd "love to be president" but it's "too hard and too late" to run. (USA Today) https://click.response.cnbc.com/?qs=7660f0a3b2c7db4440398d80e83740404e6339881a30900089e6086d4e968add162db012e9ed466e https://click.response.cnbc.com/?qs=7660f0a3b2c7db44cffb7a4d3285f31d306c52ddb494216ddac324f0b7cfa38385e1b6331eabe8da https://click.response.cnbc.com/?qs=7660f0a3b2c7db44b4a969a7800ba8e7f0bc7cda2c94e5cc81e05d3233acbfdd27667c6a351bf53b Hillary Clinton's national lead over Donald Trump https://click.response.cnbc.com/?qs=7660f0a3b2c7db444613436f54d9f210e70a5f91041599830531d1a47e0f47e34caf496e185593b7 continues to narrow . Clinton now leads Trump 48 percent to 44 percent, a decline of 2 points since last week, according to the latest NBC News|SurveyMonkey weekly tracking poll. As Trump was criticizing Clinton for calling "half" of his supporters "a basket of deplorables," an attendee at the campaign rally https://click.response.cnbc.com/?qs=7660f0a3b2c7db44706ff2d96a639ae26a183e3f7615c0f81be253545a878c759f21311e426e9ffc violently confronted protesters last night. The unidentified man was allowed to remain for the rest of the event. (NBC News) https://click.response.cnbc.com/?qs=7660f0a3b2c7db44b5490f6cea2cb8bb746f081c44f152f00bcd0922119899ff984fa3205f5ad85d Clinton said she didn't reveal her pneumonia diagnosis earlier because she didn't "think it was going to be that big a deal." Clinton also vowed to release this week additional medical records. (NBC News) The EU's ruling that Apple (AAPL) owes Ireland $14.6 billion in back levies underscores the need for urgent U.S. tax reform, Treasury Secretary Jack Lew https://click.response.cnbc.com/?qs=7660f0a3b2c7db446893a8376bfc8b24082c06e1d1424432bde5f9ac6a2320a77255c2cf30642746 wrote in an op-ed . Lew addresses the CNBC-Institutional Investor https://click.response.cnbc.com/?qs=7660f0a3b2c7db44bc4cb37521a1b9df205ceeadda7b2c28fd019f335d3f5646c9d5191f16588a01 Delivering Alpha conference at 8:20 a.m. ET. In the wake of the $190 million settlement by Wells Fargo (WFC) over charges employees opened fee-generating accounts for unsuspecting customers, the executive who oversaw this group retired over the summer and https://click.response.cnbc.com/?qs=7660f0a3b2c7db4440a319cd4da490d1bc8aa8078c0f5b0c47910cb58e97d000e1cfa6deea1e49a0 reportedly walked away with $124.6 million . (NY Times) Wells Fargo has told some employees to stop cross-selling products to customers, while the GOP-led Senate Banking Committee said it https://click.response.cnbc.com/?qs=7660f0a3b2c7db449a2c2911c2114f4a9d297f875a0da6db830006a4f927b2113a2cfffc6b8e4e40 plans a hearing into the bank's sales practices and wants to question CEO John Stumpf. (WSJ)Berkshire Hathaway and its Applied Underwriters unit https://click.response.cnbc.com/?qs=7660f0a3b2c7db44df1c03fac629ae23ce40e7d5637eebb649622f33345bb5c5780e4d8022d1f483 has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying worker compensation policies. (Reuters)Weight Watchers International (WTW) said https://click.response.cnbc.com/?qs=7660f0a3b2c7db4470bf26db4f0c0461f7cc44d38ecd63e3c53aa1b3e9639a8bd0277d558882ae59 Oprah Winfrey is going to help the diet company find a new leader, after the CEO resigned following three years at the helm. About a year ago, Oprah bought a 10 percent stake in Weight Watchers. (Reuters) General Motors (GM) said Chevy's 2017 Bolt EV electric car has an EPA https://click.response.cnbc.com/?qs=7660f0a3b2c7db44cb324e31deb6ab9f5655371813dc76d9b03e5bf561ad2ffe4934e168302e3bd1 estimated range of 238 miles on a full charge, with a starting price of $37,000 before the $7,500 federal tax rebate is applied. (CNBC) Boeing (BA) https://click.response.cnbc.com/?qs=7660f0a3b2c7db447d1b442cc71172801bd11f529779ae95856d67ec475f0d97b85d2b66cc28e3e3 is forecasting Chinese airlines are likely to purchase 6,810 planes worth $1 trillion over the next two decades, a 7.6 percent increase from last year's estimate, as the carrier caters to robust growth in domestic and overseas tourism. (Reuters) Samsung and LG https://click.response.cnbc.com/?qs=7660f0a3b2c7db44b6cbfe6d94cf5ec6e4ef61b61b789675fa9ab04c218fbc215b5550c6b3eadebb were accused of agreeing not to poach each other's U.S. employees, according to a U.S. civil lawsuit filed last week. The case is similar to one against Apple, Google, and other tech companies, which settled last year for $415 million. (Reuters) Apple (AAPL) launches its https://click.response.cnbc.com/?qs=7660f0a3b2c7db44a542ea700071752e945c0cc72b0d3c4a86475ed4e9fc2585ab03c6f2e4ea65d0 iOS 10 mobile operating system for download today. And the reviews are in for the iPhone 7 and 7 plus, which goes on sale in stores Friday. https://click.response.cnbc.com/?qs=7660f0a3b2c7db44bdfcad6552c74029ae3daa0a6d3b856ed97b2691c98aa23dfcd3fb6f27bea4b3 Walt Mossberg at the Verge likes the device but misses the headphone jack. Starting this coming Monday, Twitter (TWTR) is cutting down on which types of content count towards its 140-character limit. Media attachments, such as images, GIFs, and videos, and quoted tweets https://click.response.cnbc.com/?qs=7660f0a3b2c7db44e2f3db83b5a7bf1553aa5be43bc8a346db6a217bafdd50016e5bf3b5faf2da09 will be exempt , giving users more flexibility. (The Verge) Instagram, the photo-sharing app owned by Facebook (FB), has launched a https://click.response.cnbc.com/?qs=7660f0a3b2c7db44602d157794d71f58da161f2addfad028aca6f2a944dd103b45cd461eebfdad9a new keyword tool designed to monitor potentially offensive comments. Users can input words they consider offensive or inappropriate and want hidden from posts. (Reuters) Crazy Eddie's prices were "in-SANE!" And so was his fall from grace. Eddie Antar, whose electronics retail chain was once as much a part of the New York landscape as pizza slices and the ubiquitous yellow cab, https://click.response.cnbc.com/?qs=7660f0a3b2c7db44b8e4902b2b7a2c9ca8038025672723f06d7d91f735d46e385925100ececabebd has died . He was 68. (USA Today) BY THE NUMBERS Small-business optimism declined in August, with the outlook for the next six months lower as well, according to the latest NFIB survey. A record 38 percent of respondents blamed politics as a factor holding them back from expanding.The Treasury releases the August federal budget statement at 2 p.m. ET. A deficit of $107 billion is expected, after a $64 billion shortfall in July. STOCKS TO WATCH Freeport-McMoran (FCX) has struck a deal to sell Gulf of Mexico assets to Anadarko Petroleum (APC) for $2 billion. The mining and energy company will use the proceeds to help pay down debt.NRG Energy (NRG) won a bankruptcy auction for SunEdison's wind and solar projects in Texas and other states. A court filing indicates that NRG won the auction with a bid of $144 million.Intersil (ISIL) has agreed to be purchased by Japanese chipmaker Renesas Electronics for about $3.2 billion. Published reports in Japan last month had indicated that Renesas was interested in Intersil.Nvidia (NVDA) unveiled its latest artificial intelligence computer to power Baidu's (BIDU) self-driving car technology. The two firms had announced an autonomous vehicle partnership earlier this month. WATERCOOLER https://click.response.cnbc.com/?qs=7660f0a3b2c7db444553ea0dacfa1fd5068629142efa851e75fdd8242a4896af30d71d0288ce5574 Two men were arrested last night after crashing disgraced Olympic swimmer Ryan Lochte's live debut on ABC's "Dancing With the Stars." The incident didn't appear on camera. (NBC News) The NCAA https://click.response.cnbc.com/?qs=7660f0a3b2c7db44757f5467cfc077bb7df9dbae4cb729b75716b61c1c82d7e920c40a3cf6b3584a is relocating seven previously awarded championship events from North Carolina due to the state's controversial bathroom law. The changes include the March Madness games in Greensboro. (USA Today) San Francisco backup quarterback Colin Kaepernick https://click.response.cnbc.com/?qs=7660f0a3b2c7db442361ee6a296bfd8cfcda23acfab54bc5537708141b9a9177061d61325429d381 continued his protest against social injustice. During the game, the 49ers crushed the Los Angeles Rams at home 28-0. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=7660f0a3b2c7db44ab10514fe731f83cbf8d4a7cb6fd3db1cb27bbd92d5b3102d6bd7ab7397acd57 https://click.response.cnbc.com/?qs=7660f0a3b2c7db44ab10514fe731f83cbf8d4a7cb6fd3db1cb27bbd92d5b3102d6bd7ab7397acd57 Matthew J. 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