have two guys sitting on death row for something they didn't do. [music playing] welcome to "street signs," everyone. i'm silvia amaro, and here are your headlines. all eyes on today's federal reserve decision. it was expected to be the first rate cuts for 2020. they hold their breath as they wait to see how the fed is going to go. commerzbank is replacing the ceo before his term expires next

year. where investors are set to be expecting a new leader to fess up to advances. u.s. authorities expand the approval of a breast cancer drug, opening access to patients at the earliest stages of the disease. we draw a line between the swiss firm and its rival telling cnbc they want into the obesity drugs race. >> you have to find something new, some sort of new angle. we're working on that in our research labs, but i think to follow on the frenzy now would not be the right move for know a very ta. >> hezbollah blames israel after thousands of pagers explode across the territory simultaneously killing at least nine and injuring thousands more. a very good morning, even. it is wednesday, the 18th of

september, and today is the day we're finally going to hair from the federal reserve and that debate about whether we're going to get the 25- or 50-point basis cut is finally going to be the result. the key message is what other messages will we get from the federal reserve. how much will they continue to cut between now and the end of the year. the debate, however, among investors is still very much alive. at this stage when i checked this morning, there was still a 61% chance we might get a 50-basis point cut. of course, that would be a significant move from the federal reserve. let's not forget the overall. it's a heavy week when it comes to policy. tomorrow we're going to get news from the bang ok of england ande other banks on friday as well. yesterday it closed the session up about 0.4%.

it was its fourth positive session in five, however, as you look at the equity session thus far today, indeed the investors, a bit of a cautious approach really as they await for that key federal reserve decision. let's take a quick look at how the european forces are trading. early this morning we got important inflation data out of the uk ahead of the bank of england's decision. in the month of august, it came in at 2.2%. however, the bank of england had already highlighted to us we're learly in a position to see inflation increasing, creeping up again in the latter part of this year. so let's see what else they will communicate tomorrow. what is the picture today into the equity session? i would like to highlight we have autos and banks as the top performing sectors thus far in this session, but it is in banking that we are seeing one

of the most extraordinary stories of our times really because there's further reports on how commerzbank is eyeing a leadership change as we are seeing unicredit taking a larger stake in the german lender. we'll have more details on that later on in the show. i also want to take you to the worst performing sectors to understand what sort of moves we are seeing in that part of the market, and it is here that we are seeing the more significant moves so far into wednesday's session. we have technology under a little bit of pressure, down about 0.8%. health care also down about 0.6%. let me take you to the u.s. futures, too, as we approach the open on wall street. they are suggesting that it could be a higher start to the trading session also on wall street. this is actually after we saw a very -- well, basically we lack

conviction on the u.s. equities yesterday. we saw the s&p down marginally below the flat line. the market as well. worth noting when it came to the s&p, it did see a fresh all-time high, tra tra day high into tuesday's session. know that investors are very much in this wait-and-see mode exactly as we await to hear from the federal reserve. so let me get you some detail on that. many markets are still leaning toward a 50-basis-point cut, but cnbc's own fed survey suggests today let's move could be much smaller with 84% of respondents saying they expect a quarter point cut. that difference widens as you look further ore ahead with almost a further percentage gap by the end of next year and the expectations of the economists, fund managers, as well as

strategists we surveyed. now, bridgewater's value is on the underside. he said a 25-point basis move would be, quote, the right thing to do if you look at the whole picture. however, double line ceo jeff gundlach is there and take a listen to what he has to say. >> the fed follows the two-year treasury, and the two-year treasury is down at 3.6, and so the fed needs to cut rates 150 pretty quickly, and i think they're going to start with 50 tomorrow. >> now, this debate is so split that the banks themselves cannot agree either. barrack of america is trying to have their wree view cleared. they think a half-point cut would not be justified. it would be difficult to communicate, could trigger a

risk-off shot. jpmorgan has come out on the other side of this argument suggesting a 50-basis-point cut is more likely not just today but november's meeting, too, so that debate is still very much split as we are awaiting to hear from the federal reserve. let's get a check on fx markets to understand how this is impacting the markets in the currency space. we have seen a bit of softness when it comes to the u.s. dollar. worth noting later today we could see a different narrative for the dollar. to give you an idea, the dollar index was up 0.2% at yesterday's close and was on pace for a three-day losing streak. i want to also mention how dollar/yen is moving. it's down 0.3%. this is an important part of the currency market not just because we're going to hear from the fed

later today, but analysts are also thinking bank of japan officials are in a bitz of a rush, really, to start hiking rates further. so difference communications from the fed and the bank of japan are likely to continue to have a huge impact in this specific part of the market. but let's get a check on treasuries too. this is also a very rate-sensitive market obviously when you think about the u.s. treasury, the 2-year yield was at 0.36%. also worth noting when you think about the likelihood that we'll see changes today, i'd like to highlight this comment to you. one analyst suggested when we are about to see one rate cut from the federal reserve, when they're about to change their monetary policy cycle, and, of

course, when you think about the curbs in the treasury space, they are likely to steepen. let's see if they'll be the narrative as well. let's discuss a little more what's happening with the fixed income with the head of fixed income at his group. good to have you on the show. first and foremost, i'd like to understand in which camp you are at this stage. are you on the 25 or 50-basis-point cut? >> good morning. thanks for having me on your show. yes, quite a big day today. this fed decision, i think the market has been so excited about a fed rate decision because it will end the longest stretch. we're of the camp of the

25- 25-basis-point rate cut. it could be quite difficult for the fed to justify a 50-basis-point rate cut. >> is it really that difficult because the economic data has clearly suggested we've seen softening of the u.s. economy. there were a lot of concerns they should have cut at the prior meeting, and think didn't do so. ultimately is it that difficult for the fed to announce a 50-basis-point cut today? >> it's not difficult if they put the focus on inflation. of course, it made tough progress on inflation, perhaps faster than expected. yesterday sales were quite good. if you check, for example, the

gdp now casts it still at 3%. in a cnbc survey yesterday, we saw that economists are waiting for the 2% rate cut and then 3. i think it's not the case for today. >> well, then, what does that mean for the fixed income world? i was just highlighting how we had the yield on the 2-year treasury at 3.6%. if we get a deeper cut and the fed goes beyond the 25-basis point cut, what is the outlook here for treasuries? >> i'm not sure it would be a big game-changer for the bond market. maybe if it's only a 25-point basis rate cut because the market is expecting 50 basis

points. so maybe we can suppose of this what we call bolstering that we have expanded now for a few months. let's not forget in one year we came from 100% to positive territory, a difference between the 10-year and 2-year treasury. it's a big tipping point for now. maybe we'll make a pause for this, and if we get a 25-basis-point rate cut, we could have a bare flattening with high interest rates on the meeting. >> i would like to understand how you're thinking of the u.s. election in the context of, you know, future fed rate cuts as well. we know we have the election in early november, but how much problem for the federal reserve is it that we're having this election at a time when they're just initiating this rate-cutting cycle?

>> of course, they have to take into consideration the next one for the next administration, for that we're looking at the back end because when we analyze the fiscal program for both -- i think it could weigh on the other years. so the next big event after this decision today would be resurrection. so i think for that the fed has to be patient and has to see the outcome of the resurrection and especially on the program. >> we know the fed is independent, but we also know that whoever the next president is, that's going to have a huge implication on fiscal policy, for instance, and that has ramifications for the fed. but i would like to go back to

what we're reading from the bond market at this stage, because we have that yield curve version and in the past that signaled that perhaps we were already in a recession moment. are you still looking at some of these moves in the bond market, and are you still able to actually read into it, or have you basically given up on trying to understand what the bond market is telling us? >> yes, of course. but it's collaboration of the risk. it's around 80 basis points. it was good over the last year, but we -- we need to see again some steepening. it will be from the fed action of the rate cuts. we are quite comfortable because we didn't talk about it for the fed, but if it's around 2.5 to

2.75% and you add 80 basis points, we are at the area of 3.5% to 2.6%, so at this level we are beginning to be a bit cautious on it especially on the long end of the curve, and we're awaiting some very big signers and we don't see it. we have still on the self-ending camp. >> i guess the good news is we'll finally get some clarity later today. thank you for your time today. that was gael fichan at syz group. coming up on the show, investors reportedly push an early ceo swap as the lender grapples with unicredit takeover advances.

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signs." the ftse 100 is down about 0.4%,

and this is after inflation across uk helped steady inflation. that's ahead of tomorrow's bank of america meeting. arabile gumede is looking at the numbers. what is the latest from the inflig infl inflation print, and how is it going to impact the fed's rate cut decision? >> it's not going to move the needle. the market is still pretty much split on what exactly is going to happen. on a month-to-month basis, we saw it come out at 0.3%. it's 0.2% on a year-on-year basis. that's pretty much in line with what the market was anticipating. they thought that certainly would be the figure at hand then. core inflation coming out at 3.6%. previously it sat at 3.3%. it's difficult what's shifting things along and what other concerns they're looking at with

some of this data. while it may be a second month in a row outside of the bank's 2% target range, the actual fact is that the influences have been coming off a little bit, perhaps not so worrisome at a later stage of the year. overall the bank of england is anticipating the inflation rate will sit around 2.75% by the end of the year. they're anticipating this uptick in the overall inflation print from the market. but wage growth, we saw that coming out at just about 5%. 5.1% for the major july period. services inflation was anticipated to come out at 5.5%. according to today's data, that came out at 5.6%, slightly above the market we saw previously. so there is still an uptick in that one, and it may still be a key concern for the bank of england who anticipate to make their interest rate decision tomorrow. when it comes to the currency

rate, we're seeing the best g 10 performer for the year so far. that's the sterling sitting at around 131.98 then. sterling currency, the highest level against the dollar since 2022. and, of course, the key question mark is if the boe doesn't follow up with the fed does today, what could that mean potentially for growth? the bank of england may not speak about it directoly, but there will be key questions by na analysts as well. on friday, all 65 economists that were actually interviewed by reuters had suggested there wouldn't be any cut at all and that things would remain at 5%. 20% of a 25-point basis cut on friday, tuesday it rose after the numbers came out.

26.5% chance of a rate cut. very quickly, statements as well from the government coming out then. the chief secretary to the treasury really giving note to note that more work will still need to be done in order to bring down inflation from its current level. the workload done, but the headline figure, 2.2%, silvia. >> when we're looking at some of these expectations, there's a 65% chance we'll see a move, another rate cut from the bank of england. the only difference is the news will get more of an economic forecast. in the meantime let's talking one of the stories that keeps on giving. commerzbank is considering replacing the ceo as the german lender fights to take over unicredit. cnbc has learned as well commerzbank's supervisory board will be meeting next week to discuss unicredit, but there are

no plans. this falls after the statement last week where he says he will not seek a second term after his term expires at the end of 2025. they're now urging the lender to resolve it with a clear mandate as unicredit approaches. on your screen, you have how the shares are trading. let's talk more about this news with our next guest. good morning. good to have you on the show. let's get a check on the comments surrounding the latest leadership changes at commerzbank. first and foremost, what is the

timeline for which we can see the change at the top of the leadership? >> movement since last week regarding commercommerzbank, th something that will have to happen in the context of the approach from unicredit. on the specific timeline, it's difficult to say, but i would say it's been also on what make to put into acquisition the proposal made by unicredit. >> when it comes to unicredit, what is the ultimate claim? they're increasing their stake from 9 at the moment up to 30%. would that please unicredit's leadership, or do you think they want more than that? >> that's difficult to say, but i would say the ultimate goal, of course, they acquired around 9% last week. this is also in the context of

the german state divesting from its current stake they have in commerzbank. we have seen they're looking to raise it to 3%. they would have to seek approval in order to do so, but i think the ultimate goal is germany. the unique rate as you may know at commerzbank, both have a structuring plan. unicredit is now in a position. germany is the second market at roughly 25% of the revenue. so it's very interesting for them to make a move on germany, especially since they've been in the country since 2005. >> actually that was going to be my next question really because we've seen unicredit moving on alfa bank and now commerzbank.

when i spoke to him last season, he said they also had a strong interest in poland. now ultimately are they in a position to become a european banking leader? >> so they are already in a sense a european bank on top of what i mentioned. italy, germany, austria. they have presence in eastern europe and central eastern europe. so i think there is double logic behind commerzbank. also accessing poland through which commerzbank is also a leader. so unique rate has been very active in the past few years doing target acquisitions, so as you mentioned, romania with alfa bank, greece as well, requiring a bank investment in belgium.

>> the announcements have been very insignificant in the last year or so, but they still have a strong capital possession that allows them to do so. more broadly, i'd like to step back and see where they are between european banks and u.s. banks. now have a much bigger ubs. they're also developing their footprint across europe. are we in a position to see european banks finally competing with u.s. lenders, or is that still a dream? >> a dream, and we have the story in spain. we also have a question mark on the table. so it's the same -- the states will have to find an exit strategy on the bank for the acquisition. so there is some things happens.

i would say comparing to the u.s., it's one large market, but maybe they're look at it for cross-border situation. they're competing sometimes. so i know that from the standpoint there is appetite for more consideration to happen, however, we think there are a few things that make that difficult, especially on the regulatory site. so a lot of progress has been made, but still when you look at it, it's not what it was tenor y -- ten years ago. >> that's why it's also going to be important to see what the second mandate at the european commission will also mean in terms of the european forums.

thank you for your time this morning. now, coming up on the show, we'll hear exclusively from jokic kreuzburg from sartorius. do not miss that conversation coming up on cnbc. look at this silly little sailboat... these men of means with their silver spoons, eating up the financial favors of the 1%. what would become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash and unlimited deposit bonuses? ♪ they would descend into chaos. merciless chaos. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your

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signs." i'm silvia amaro, and here are your headlines this morning. all eyes are on the fed decision. it's expected to be the first rate cut since 2020. european equities are holding their breath as they wait to see how deep the fed is going to go. >> what investors say about seeking a new leader to fess up unicredit's advances. u.s. authorities expand the approval of a keno a very it is

breast cancer drug. they draw a line between the swiss firm and its rival telling cnbc, we will not rush into the obesity drugs race. >> you have to find something new, a new angle. we're working on that in our research labs. if you follow on the frenzy now would not be the right move for novartis. hezbollah blames israel and promises retaliation after thousands of pagers explode across lebanon simultaneously, killing nine and injuring thousands more. let's look at what's happening in the pharma world. the u.s. food and drug administration has expanded the imapproval of the novartis cancer drug, kisqali. patients can now access the drug which can help prevent the

cancer from returning. that i see promises with that clinical trial with the reduction of the risk of kabser 25% after three years and 28.5% after four years. the ceo told cnbc this is good news. >> kisqali will be the only drug to patients with the so-called intermediate risk to the cancer. these are patients with no nodes or single-node cancer. it's also important to note that k kisqali is the leader. this could be one of novartis's

largest drugs over time. >> let's take a closer look at the pharmaceutical sector. joining us now, joachim kreuzburg. good morning and good to have you on the show. your shares are down almost 30% over the last 12 months. what's going on. why are you failing to conviction investors? >> good morning, everyone, and thanks for having us. so, yeah, share price, indeed, is down in comparison to the previous year because we're still in a year of transition because customers have set themselves more ambitious goals. it's taking longer than expect and that's reflected in the share price. but in spite of this ongoing destocking process, it's now coming to an end. we already see a substantial

increase in our ordering in take, for example. i think it's fair to cesare torous is performing and it's through the end cycle. not only off the pandemic but during it. it was around 14% or so. so, therefore, i think we are doing well, but, yes, it was very difficult to provide the market with precise forecasting, and that's reflected in the shell price. >> perhaps you can provide us with a little more color because just in the last 24 hours we saw some analysts cutting their rating, citing concerns over what they call opaque growth drivers. could you just highlight a little more for us, really, where do you think growth is going to come from over the next couple of quarters? >> yeah, absolutely.

so i think what is really important is not mix up the short-term trends that i said are now coming to an end and the strong underlying drivers that are very visible. not opaque at all, i would say. very transparent because they're depending on a strong underlying and continuously increasing demand for drugs that has to do with aging societies in pretty much all geographies. it has to do with still untreated areas, significant areas of diseases. think of alzheimer's, for example. and it has to do with the fact that we also have very healthy pipelines with our customers, and the tools that we are providing like filters, processing technologies, and also very important tools for further productivity gains when it is about the manufacturing of new modalities, for example,

then i think it's very clear we will return to the long term, very stable growth tends that provide growth rates. >> just to clarify, are you expecting any sort of updates in terms of the ebitda markets? i want to remind the viewer use had suggested a margin of 27% to 29%. should investors be concerned with any upcoming updates to this level of margin? >> no, absolutely not. we intentionally have derisked our guidance a couple of weeks ago because it was difficult to provide the market with a very robust and solid guidance. at the beginning of the year, we ended last year with a very positive trend, but then we have seen a weaker start into 2024, and i should say the entire sector, not just sartorius.

we are very confident to meet this guidance by the end of the year. >> very clear, and obviously important for the shareholders. i would like to understand what are your plans in terms of acquisitions? you have made clear there's a proven track record on alliances and acquisition. i'm curious to understand perhaps where are you seeing further opportunities in the market for more consolidation and deals, really? >> the acquisitions we're looking for are not so much narrow things because we're looking for problem area acqui acquisitions. we are mostly investing into innovative fields that make our offers more relevant to customers, help them to achieve even more significant efficiency gains, and, therefore, i wouldn't call it consolidation, however, we definitely see a

number of fields where we will see opportunities going forward. we have made a number of advances in the field and for biotech ingredients, critical essential ingredients for the manufacturing of new modalities like solid gene therapies. we don't have any gaps there, so we're not under any furpressure further opportunities. >> i notice you have been in your role for more than 20 years. you've recently communicated to the board you're no longer seeking to extend the mandate beyond next year. ultimately i'd like to understand really, what is the secret to remaining a ceo for more than 20 years? >> wow, i don't know that there

is any secret. say sartorius is a fantastic company, and we're acting in a highly interesting sector and a sector that is very rewarding to work in, rewarding because we are working on helping to make drugs available to more patients. that is a great thing to do, and i think that keeps us going every single day. and it's also rewarding because it's a growing sector. it's a sector where a lot of innovation is happening, and i think there's no other secret sauce except maybe for the fantastic people i was blessed to work with here at sartorius, and, therefore, i also have to say it's just a decision about, you know, after 20 years to think about, okay, what will i do with the remaining professional time that is in front of me and has nothing to do with the company.

it's a fantastic company. it's a fantastic sector. yeah, that's all. >> okay, well, perhaps some inspiration for other ceos out there. thank you so much for your time out there. joachim kreuzburg with sartorius. now, multiple pagers, many belonging to the military group of hezbollah have blown up across lebanon,simultaneously. nine have been killed with thousands critically injured. hezbollah has blamed the blast on israel and promises retaliation. a hungarian company called bac which has a license to use its brand made the passengerers, then has been tracking the latest developments. update us on what's the latest from lebanon. >> hezbollah says there's going to be severe reckoning for the

skblo exploding pafrmgers which we know has killed nine and injured thousands more. it explode without warning. it was in order to attack hezbollah militants, but it injured those around them as well. it was made, manufactured by a company called bc consulting in hungary. nbc officials have spoken to officials in taiwan. they exploded some 260,000 pagers between 2020 and 2024, mainly to european and american markets, but there have been no reports of explosions. john brennan has told nbc news today he believes the pagers were at some point intercepted and switched before being switched to target hezbollah. if that is the case, it's a

major security breach for hezbollah, and would clearly spark some concern within that group. they've blamed israel for these explosion and lebanon has called it a cyber complaint and is going to submit a kblanlt to the u.n. security council. as i mentioned, this did not injure those just wearing the pagers but also those around them. at the same time, the important thing for market investors here is what is the escalation risk? we know that tensions between israel and hezbollah have been ratcheting up. hezbollah says it doesn't seek a wider war but would fight. you could say this is escalatory, although, a lot remains unknown at this point. of course, given the minimum market reaction and response so far, we're looking out to see where exactly this goes from here to understand what the economic consequences could be?

>> in the meantime, thank you for the update. coming up on the shoppe, we'll return to our top story as the markets count down as to what could be the most significant fed meeting of the decade. we'll get you set up for the day after this break.

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signs." now, as we head into the final walk of "street signs" today, here are the four things you need to know to get you up to speed ahead of the open on wall street. it's decision day for the fed with them expected to delve their first rate cut in four years, but just how low do they go. we get that decision at 2:00 p.m. eastern time. the u.s. house of representatives is expected to vote on a stopgap bill to extend government spending for six months to avoid a shutdown. it's a requirement for americans to show proof of citizenship

when voting. >> sources tell cnbc that jpmorgan is the coupe tenocredit partner. and there's a plan to invest in iowa infrastructure including building data centers and energy projects. in a statement they said their aim was enhancing chains and sourcing. now let's get back to the key moment for the markets. we're counting down to the decision for the central bank to cut the rate for the first time in four years. the call is very close at this stage. we have the head of macro with

us in the studio. 50 or 25? >> i'm going to side with 50 and explain why. >> interesting. explain why, please. >> divide what the market expect and what the economy is currently spending. when they've been running what they have over the past decade, they know that when inflation is in check and there's no major deterioration on the unemployment front, there is no room for a 50-basis-point-cut that looks like an extraordinary measure, right. >> you look at the way the fed has changed in terms of monetary conducting. what's changed is we had a lot that was data driven.

the fed seems more and more focused on a scenario, and that's new. the visionary social banking, instead of course look at the date, you forge a scenario and that involve as cooling off of the employment market, and the fed doesn't want that. jay powell has been explicit about that. they know the lags between monetary poll ski acting and the economy. the sooner you act, the better you will be in a year's time. >> are they already late though? >> that's a key question. they've been said to be late on the inflation cycle and now the employment cycle. i think, first of all, really in history has the fed been so early in terms of pivots, last december, and first decision, a

decision of the large size. are they late? maybe. but they are likely to catch up very fast on that delay they have on the economy itself. now, let's also look at the data, the data we had yesterday in production, retail sales. all of that was not pointing to a further cooling of the economy. more like surprises. we stayed resilient, but resilience is gone now. the fed expects 2.1% at the moment in terms of next year, a bit more inflation of 3% for next year. that's the base case. we will see a revision to this forecast, and these revisions will tell you more about that scenario. what matters at the moment is the fed scenario. >> ultimately what do you think that is going to mean, even though we don't have it fully just yet. what is that going to mean in terms of further rate cuts before the end of the year?

some analysts are suggesting you could see 125 basis points between now and the end of the year. that sounds like quite a lot. >> it sounds like quite a lot, and it sounds like an emergency catch-up with being late on the cycle. we expect to see that within year end. you don't want to alarm the market by creating false expectations. you want to say, i have my scenario, i'm acting upon that scenario, so that doesn't materialize. they want to experience a slowing down of the economy. the key thing here is to remember that also there you have a big divide. >> 100%. that has been the case throughout the whole year. we're pushing the end of the show, so we don't have much time for the conversation, but i would like to get your thoughts on what levels we could see for

the s&p 500. i saw an estimate yesterday that we could see an s&p reaching 5,450 in late 2026 as we are now starting this rate-cutting cycle. how much room to grow for the u.s. stork market if we're going to see significant rate cuts from the fed going forward? >> short term, longer term. short term, a lot of expectations are already priced in. if you report, you know the saying. if the fed give us 50 and then has more or less -- communicates more in line with expectations, we could see some volatility. so we have certain numbers of volatility driving earlier along the road. now, longer-term perspective, the market has been very worried about the fed actions and the higher rate situation, although, it's been a major headwinds, and

we're just removing that. that could turn the head wooind into a tailwind, and that tailwind could be very positive for the overall market because it's not just the fed. the it's all g-10 central banks. >> of course, yeah. and we're going to hear from others this week. it's a very, very busy week on that front. we'll discuss more at interior time. thank you for coming on this morning. that was florian ielpo. now, do not miss the nbc special coverage later today from the fed decision. our colleagues will be live from wau washington, d.c., starting at 6:00 p.m. london time. we have been trading for almost two hours into this wednesday's session. we're seeing a bit of a cautious approach waiting for the key fed decision to understand really what to do with their portfolios

next. we're seeing a bit of pressure on the ftse 100 after inflation this morning came in at 2.2% for the month of august. this is a very important data point as we wait to hear from the bank of england as well due to meet tomorrow. when it comes to u.s. futures, we were shaping up to a higher start. we lack conviction of tutz. we saw, however, the s&p did post a fresh all-time intraday high. let's see what happens later today when we get that very important decision, how much the fed is cutting rates by. that is it for today's show. i'm silvia amaro. stay with cnbc. "worldwide exchange" is coming up next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at

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it is 5:00 a.m. here at cnbc world headquarters. welcome to "worldwide exchange." the final countdown is on with one of the most important fed decisions in years. there's still debate how much they'll cut after holding steady for 14 straight months. from bonds to inside analysis, we have you covered with what's expected to be a major day on wall street and for your money. it's wednesday, september 18th, 2024, fed decision day,ed a you're watching "worldwide exchange" right here on cnbc