CNBC | Morning Squawk
IN THE NEWS TODAY
U.S. stock futures were stronger this morning, after the Dow's 163-point surge and the Nasdaq's record high, as the Fed held interest rates steady at its September meeting. Fed Chair Janet Yellen said she would expect a rate hike this year. (CNBC)
Stock markets in Europe and Asia were sharply higher on the Fed's decision. Meanwhile, a policy overhaul by the Bank of Japan has led economists at Citi to declare an end to the era of quantitative easing. (CNBC)
DoubleLine chief executive Jeffrey Gundlach said there's a lot of uncertainty ahead of a potential rate hike in December. He also told CNBC last night he's shorting some restaurant, retail, and airline stocks.
Hillary Clinton leads Donald Trump by six points among likely voters, heading into Monday's first presidential debate, according to a new national NBC News/Wall Street Journal poll. The survey was conducted after Clinton's post-pneumonia return to campaigning.
North Carolina's governor declared a state of emergency , after a second night of protests in Charlotte, over Tuesday's fatal police shooting of a black man. One person was shot last night, in what police said was protester-on-protester violence. (NBC News)
Responding to a question about recent violence in African American communities, Trump called for boosting "stop-and-frisk" policing. Critics of the practice say it causes racial profiling and disproportionately affects minorities. (USA Today)
Ahmad Khan Rahami, accused of carrying out bombings in New York and New Jersey, had drawn federal attention five months before his father reported concerns in 2014. Meanwhile, authorities said Rahami's notebook paints a chilling picture. (NY Times & NBC News)
Yahoo (YHOO) is expected to confirm this week a massive data breach, which has exposed several hundred million user accounts. The scale of the liability could be large and bring untold headaches to the new owner Verizon (VZ).
Mylan (MYL) CEO Heather Bresch and the drugmaker were accused of "disgusting" greed and getting "filthy rich" by House lawmakers at a hearing, as she sought to defend the 500 percent prices hikes of EpiPens in recent years.
Billionaire Leon Cooperman and his Omega Advisors hedge fund were charged with insider trading. Cooperman and Omega Advisors plan to fight the charges. Cooperman said the SEC sought a settlement, which he called "unacceptable." (CNBC)
A federal judge has ruled Wal-Mart (WMT) must face a class action lawsuit in a case involving alleged bribery at the retail giant's Mexican unit. Wal-Mart said a class action is "not appropriate," and may appeal the certification decision. (Reuters)
The Chan Zuckerberg Initiative plans to dedicate $3 billion over the next decade towards preventing, caring for, and managing all diseases. Last year, Facebook's Mark Zuckerberg and his wife, Priscilla Chan, said they're giving away most of their wealth for charitable works. (CNBC)
Sick of summer, the autumnal equinox, marking the beginning of fall, arrives this morning at 10:21 a.m. ET. But don't look for a dramatic cool-down quite yet. Warm, summery temperatures are expected around much of the nation today. (USA Today)
BY THE NUMBERS
There are plenty of economic numbers on this morning's calendar, beginning with the Labor Department's weekly look at initial jobless claims at 8:30 a.m. ET. Economists look for 260,000 new claims for the week ending Sept. 17, identical to the prior week's total
At 10 a.m. ET, the National Association of Realtors releases existing home sales for August, expected to post a 1.3 percent rise to an annual rate of 5.46 million units. Existing home sales had fallen 3.2 percent in July.
The Conference Board's index of leading economic indicators is also out at 10 a.m. ET, with forecasts calling for an unchanged reading for August after a rise of 0.4 percent for July.
Auto parts retailer AutoZone (AZO) and drug store chain Rite Aid (RAD) are among the few companies issuing quarterly earnings this morning, while there are no major companies on the after-the-bell docket.
CNBC PRO opened up the network vault and reviewed all the Warren Buffett interviews over the years. Here's a video of the five best evergreen investing tips the Oracle of Omaha doled out during those talks with "Squawk Box" co-host Becky Quick.
STOCKS TO WATCH
Bed Bath & Beyond (BBBY) reported quarterly earnings of $1.11 per share, 5 cents below estimates. Revenue also came up short, and so did same-store sales. However, the households good retailer did reaffirm its prior full-year forecast.
Jabil Circuit (JBL) beat estimates by 3 cents with adjusted quarterly profit of 28 cents per share, with revenue also beating forecasts. The electronics supplier also gave better than expected revenue guidance and announced infrastructure changes.
Red Hat (RHT) reported adjusted quarterly profit of 55 cents per share, a penny above estimates, with the Linux software provider's revenue above forecasts. Red Hat also raised its guidance for the full year as demand rises for its software and cloud services.
Lockheed Martin's (LMT) Sikorsky helicopter unit struck a $220 million deal with the state of Connecticut, keeping production in the state through June of 2032 and providing incentives for the company to boost hiring.
Schlumberger (SLB) won part of a $3.2 billion drilling project in Venezuela, a few months after a drastic scaleback in that country and the firing hundreds of workers. For its part, the company plans to drill 80 wells.
CONTRIBUTORS
Matthew J.
Belvedere
Senior Producer
@Matt_Belvedere
Peter
Schacknow
Senior Producer
@peterschack
Tom
DiChristopher
Web and TV producer
