i'm karen tso. these are your headlines >> italian deputy prime minister says he is not aware of delays to today's cabinet meeting where they will discuss spending targets, but amid the uncertainty banks trade lower. >>> the fed hikes rates for the third time this year but president trump says he is not happy with the move as u.s. stocks end the session lower >> my colleagues and i believe this gradual return to normal is helping sustain the economy to the longer-run benefit of all americans. >>> h&m shares surge to the top of the stoxx 600 with improved inventory and says the level of markdowns will not increase again. >>> and nafta negotiations stall after president trump rejects talks with canada's prime minister justin trudeau but ottawa says a one to one meeting was never requested. >>> welcome to the show. we have a huge focus on italy today with budget proposals due out after the market close we have fresh data crossing. we have been seeking an improvement over the window of surveys for the l