Macroeconomics warning, fedex is taking new action to shore up its bottom line. And House Republicans prepare to layout the agenda if the party is able to retake control of congress with just about six weeks to go until the allimportant midterm elections. And later on, pepsi relinquishes the super bowl halftime throne to one Little Company from cupertino it is friday, september 23rd, 2022 you are watching Worldwide Exchange on cnbc. Good morning im dominic chu in for Brian Sullivan lets check on the stock futures. With the dow and s p and nasdaq set to end the week sharply lower. Right now, futures are pointing to 157 point drop for the dow. S p down by 24 nasdaq down lower by 92 points on the bond market, Interest Rates are a big folk focus withe by the fed a hike in the 10year treasury 3. 717 2year treasury is the 4. 16 inversion is still taking place with yields are shortterm are higher than longerterm bonds. Right now, in energy, oil prices taking some moves here in stride what we
That number will be watched closely. Our squawk market master this hour is marc faber. Hell be joining us onset in just a moment. In fact i think i see him making his way out now. Also politics are on the agenda today, as well. We have the third and final presentation debate set for tonight in florida. That final 90 minute showdown will focus on Foreign Policy. Bob schieffer of cbs will be moderating. You can watch complete coverage right here on cnbc and of course the cnbc twicker will be live. Right now lets get you up to speed on this mornings top stories. Making headlines this morning, spains Prime Minister getting backing for his austerity drive. The vote removes a potential obstacle for him asking for a bailout. The timing of any spanish bailout is still uncertain, of course, and well have more from Ross Westgate in just a few minutes. Japans exports tumbling by 10. 3 in the year. Sharpest decline since the aftermath of last years earthquake. Meantime bank of japan is cutting it
The markets this monday morning shrunk. It is dismissed as october surprise one of the. The final debate is tonight. If romney keeps the momentum he is the next president. We have not forgotten the markets. A very small bounce for stocks, gold and oil just ahead. Varney and company is about to begin. Stuart caterpillar is one of the stocks used as an Economic Indicator. Makes construction equipment, sometimes reflects the state of the world economy. Caterpillars profits are up 50 strong sales and the u. S. The rest of the world weaker than expected, and changed the opening bell. Turn to the election. Two weeks from tomorrow look at the latest polls. They are tied at 47. Dead heat that this poll had president obama leading by 5, the go. His trend is towards romney. Look at this for momentum. The gallup poll has romney pulling to a seven point lead. The latest daily tracking poll, and adams sunday. Best case of the president is a tie. And the latest number, scott will be joined us with t
Make it to the house and what the next step is. Coming at 6 40 eastern time, red hat has been red hot. That company reporting Quarterly Results and we have the ceo. At 7 00 a. M. Eastern time, we will welcome our guest host, roger altman and barry knapp. We have Thorsten Heins joining us, as well. Our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. We can see the futures opening at least 150 off if things keep up the way they are. House Speaker John Boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than 1 million. The president vowing he will press ahead with congress to get a deal done. He wasnt going to do it, anyway. What does he mean it will press ahead . I dont know. Because it wasnt going to go to the senate. But to me, the demonstration that boehner didnt have the support you thought boehner never had the support for this plan . No. Im saying