i'm becky quick along with joe kernen and andrew ross sorkin. trading day of the third quarter. stocks have been on a strong run. the dow up 4% in the last three months s&p 500 is up by 3%. the nasdaq is the big winner, up by 5%. stocks are on track to finish in the green in september for the first time since 2013. tech, energy, materials leading the way. consumer staples, real estate and consumer discretionary lagged even though you're talking about real estate and consumer discretionary being flat, those are the lagging sectors. a look at futures a mixed picture with the dow indicated down by 12

i'm becky quick along with joe kernen and andrew ross sorkin. down by 22 points look at what's happening with the futures this morning right now we are looking at declines once again. modest declines. dow futures indicated down by 28 points s&p futures off by 3.5 the nasdaq down by 4 the top story, hurricane irma just downgraded to a category 4 this morning but it still could destroy parts of florida winds of 155 miles per hour let's get the latest on where the storm is tracking from kalee

i'm becky quick along with joe kernen and andrew ross sorkin.ur guest host this hour is mohammed el-erian from allianz great to see you >> thanks for having me. >> great to have you here. >> wonderful to be here. >> ready to go >> i'm ready to go >> what is there to talk about sofrnlts mu >> so much between the delivering alpha conference, the central banks. >> see, he knows >>> look at the u.s. equity futures. markets were up once again yesterday. you had the dow, s&p 500 and the nasdaq all closing at record levels this is the first time they've seen those concurrent record closes since july 26th this morning futures are ever so slightly lower dow is down by less than one point below the fair value the s&p 500 futures down by 3 5 3 1/2 and nasdaq down by 8 the ten-year up to 12.160% in terms of the dollar, dollar is down against the euro and yen. looks like it's at 1.1972, dollar/yen is at 110.04. and if you wanted to check out crude oil prices, slightly higher yesterday wti closing at 48.73 this morning up 50 cents >>> a couple stories we're w

we're live at the nasdaq market site in times square i'm andrew ross sorkin, along with joe kernen and melissa lee. north korea's foreign minister threatening to detonate a hyd hydrogen bomb over the pacific ocean. this hours after the u.s. imposed the toughest sanctions yet on north korea china also stepping up sanctions against north korea. the white house saying the peoples bank of china has now ordered all chinese banks to stop doing business with that nation a lot more on the north korea threat in just a couple of minutes. separately, news breaking a few hours ago that iran's president said his country will strengthen its missile capability without seeking permission from the international community. one report says the country unveiled a new ballistic missile capable of carrying several warheads a live report coming up in a moment. joining us now -- let's do it right now, joining us on the squa "squawk" news line from tehran is ali arouzi. good morning >> reporter: good morning. president rouhani after returning from the u.n. general assembly attended a massive military parade in

i'm becky quick along with andrew ross sorkin, yo is out today. joining us is the business editor of axiot, dan primack a lot of things to talk about a lot related to politics and washington let's look at u.s. equity futures. yesterday all three of the major averages were higher once again. it was a trifecta of record closes the dow, s&p and the nasdaq all ending the day in record territory. you can see this morning there are green arrows once again. it looks like the dow futures are indicated up by over 14 points s&p indicated up fractionally. the nasdaq up fractionally as well overnight in asia, the nikkei ended higher it was up by 11 points that's still a win hang seng was up by a quarter percent. so was the shanghai composite. this morning and in some of the early trading we've seen take place in europe, modest advances actually things are relatively flat the cac is up by 0.1%. the ftse is flat the dax is flat. we'll see how things react as we get deeper into the trading day. let's look at crude oil prices crude was down yesterday this morning

morning welcome to "squawk box" on cnbc, we're live at the nasdaq market site in times square i'm andrew ross sorkinlong with joe kernen and melissa lee. becky quick is off today a quick look at u.s. futures at this hour as we try to sort out which way the market will head in large part because of the news about north korea over the weekend. dow jones looks like it would open off 50 points nasdaq jittery as well, off about 11 points. hurricane irma is a category 4 sthoorm cou storm. the path is still you unseuncer puerto rico and florida are areas of interest. >>> here are the big corporate stories. united technologies buying rockwell collins for $23 billion. under the deal, rockwell share holders will receive $140 per share in cash and stock. that's an 18% premium to the closing price on august 3rd. the companies say the aerospace systems segment would be combined to create collins aerospace systems which would save $5 billion by the fourth year of completion greg hayes will join our colleagues on "squawk on the street" later this morning that happens at 9:30 a.m. eastern time. >>> lego announced p

i'm andrew ross sorkin along with joe kernen and melissa lee. look at equity futures the dow looking like it would open up about 29 points higher nasdaq about 14 points higher. the s&p 500 looking to open about 1.25% heighter let's show you what's going on in asia. a bit of a mixed picture the nikkei down marginally the hang seng and shanghai are up as we go over to europe, looking at the dax, cac both up. ftse 100 off marginally. the ftse in italy up just a bit. spain off marginally finally, wti crude, if you want to trade it by the barrel, you can do it. the price tag is over -- way over $50 51.94. coming up on $52 >>> here are the big stories we're watching new this morning, defense secretary james mattis responding to north korea's latest threats saying the u.s. will seek a diplomatic solution. mattis making those comments at a news conference in india south korea is reporting that north korea boosted defenses on its east coast after it said it would shoot down u.s. bombers flying near the peninsula. >>> shares of apple dropped for a fourth

attacks in new york, washington, d.c., and later in pennsylvania i'm becky quick along with andrew ross sorkin a andrew has maximum sustained winds that have decreased. you have higher gusts coming through. right now irma is 60 miles north of tampa irma is expected to weaken to a tropical storm this morning and to a tropical depression by tomorrow

i'm joined by my friend, host of "squawk box," andrew ross sorkin. s tax plan. when we first heard about it, you and i were on tv together laughing that this thing was like a book report written on the back on the way to school. >> hasn't changed. >> the president is going out and speaking again. what's in this thing, because i can't find anything. >> nothing is in this thing. look, we're still -- we're in bizarro land. the president is still on this 15% corporate tax rate. that's what he says. steven mnuchin, our treasury secretary, is still talking 15%. ben white did a very good job this morning. nobody, even inside the white house, is on board with this anymore. so the conversation has moved -- >> what do you mean? >> meaning if you talk to the people both in the white house and the big six, nobody is talking about 15%. that's like an anchoring device, if you will, in terms of the negotiation. but what's really happening is the conversation has moved to somewhere between 20% and 25% and we'll likely get closer to 25%. >> but who's even working on i

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s. equity futures, markets closed higher at new records once again yesterday. you can see this morning things are relatively flat. s&p futures are indicated down by 2 points. dow indicated up by less than a point. the nasdaq indicated down by 5 points. >>> north korea threatening to use nuclear weapons to sink japan and reduce the united states to ashes and darkness the rhetoric comes days after the u.n. security council approved tougher safshg shnction pyongyang. >>> the swiss national bank holding interest rates unchanged but they did cut the 2017 growth forecast the central bank there says the franc remains highly valued. they say the situation in the foreign exchange market is still fragile. this is significant because it marks an end to the snb referring to the franc as significantlyovervalue. >>> the august consumer price index comes at 8:30 a.m. eastern time that hits with weekly jobless claims and the bank of england has a policy decision due around 7:00 a.m. eastern time. >>> te

welcome to "squawk box" here on cnbc we're live at the nasdaq market site in times square, i'm andrew ross sorkinlong with joe kernen and michelle caruso-cabrera is hanging out with us today. look at u.s. equity futures at this hour. they are in the green after what was a down day yesterday we'll talk about that more in just a moment. dow looking like it would open up about 30 points higher. 31 points higher s&p up a little more than 3 points nasdaq looking to open 16 1/2 points higher. let's show you what's going on overnight in asia. red arrows on the nikkei and hang seng. shanghai composite up marginally in europe, a different picture let's show you what's going on there. we have pretty much red arrows across the board with the exception of the italian ftse. a quick look at wti crude right now, wti if you're buying it buy the barrel, you can do it for 48.91. >> hurricane irma one of the most powerful atlantic storms in a century. it's churning its way across the caribbean towards florida. kalee dionne joins us live from cnbc headquarters. what's the path? >> reporter: the path is west-northwes

i'm becky quick along with joe kernen and andrew ross sorkin. yesterday the dow was down by 22 points look at what's happening with the futures this morning right now we are looking at declines once again. modest declines. dow futures indicated down by 28 points s&p futures off by 3.5 the nasdaq down by 4 the top story, hurricane irma just downgraded to a category 4 this morning but it still could destroy parts of florida winds of 155 miles per hour let's get the latest on where the storm is tracking from kalee dionne good morning >> it's still moving to the west-northwest it will continue that track through bahamas and cuba these are the spaghetti plots. the actual track has it looking like it will make a landfall in south florida going into early sunday morning between now and then you will start to see conditions deteriorate you have really the rest of the day today if you're in key west f you're in south florida to finish preparations and get evacuations underway alerts going on. a hurricane warning issued overnight for south florida in the

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. markets moved higher yesterday on this thought that there will be a deal that gets cut. dow up by 55 points yesterday. this morning it looks like futures are slightly lower for the dow and s&p 500 with the dow futures indicated down by 8 1/2 points s&p down by 1 point. the nasdaq slightly positive up by 1.5. all of this happening as we are tracking hurricane irma as it approaches the united states let's look at asia the stock markets there starting with the nikkei, looking at those markets. you will see the nikkei up slightly the nikkei up by 0.2%. shanghai composite under pressure as was the hang seng, down by a third of a percent the hang seng down by a third of a percent, shanghai composite down by a half percent in europe, in early trading, mostly green arrows. the dax is up by almost 1% the cac in france up by a half percent. if you check out crude oil prices, yesterday up 1% to 49.16. this morning wti back down to 48.99. >>> let's get an up

i'm becky quick along with joe kernen and andrew ross sorkin. guest host this hour is mohammed el-erian from allianz great to see you >> thanks for having me. >> great to have you here. >> wonderful to be here. >> ready to go >> i'm ready to go >> what is there to talk about sofrnlts mu >> so much between the delivering alpha conference, the central banks. >> see, he knows >>> look at the u.s. equity futures. markets were up once again yesterday. you had the dow, s&p 500 and the nasdaq all closing at record levels this is the first time they've seen those concurren

we're live at the nasdaq market site in times square i'm andrew ross sorkin, along with joe kernen ands foreign minister threatening to detonate a hyd hydrogen bomb over the pacific ocean. this hours after the u.s. imposed the toughest sanctions yet on north korea china also stepping up sanctions against north korea. the white house saying the peoples bank of china has now ordered all chinese banks to stop doing business with that nation a lot more on the north korea threat in just a couple of minutes. separately, news breaking a few hours ago that iran's president said his country will strengthen

i'm becky quick along with andrew ross sorkin, yo is out today.oining us is the business editor of axiot, dan primack a lot of things to talk about a lot related to politics and washington let's look at u.s. equity futures. yesterday all three of the major averages were higher once again. it was a trifecta of record closes the dow, s&p and the nasdaq all ending the day in record territory. you can see this morning there are green arrows once again. it looks like the dow futures are indicated up by over 1

i'm andrew ross sorkin along with joe kernen and melissa lee.e dow looking like it would open up about 29 points higher nasdaq about 14 points higher. the s&p 500 looking to open about 1.25% heighter let's show you what's going on in asia. a bit of a mixed picture the nikkei down marginally the hang seng and shanghai are up as we go over to europe, looking at the dax, cac both up. ftse 100 off marginally. the ftse in italy up just a bit. spain off marginally finally, wti crude, if you want to trade it by the barrel, you can do it. the price tag is over -- way over50

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.live from the pierre hotel in new york city this is the sight of today's delivering alpha conference. it all kicks off with our special occasion with treasury secretary steven mnuchin make sure you set your watches and just in case you don't have a watch to set, don't worry, we'll count you down right here. we're tracking the destruction from hurricane irma. we have more on that story in a few minutes. but first, let's take a look at the markets this morning u.s. equity futures are extending the rally from yesterday. right now, dow futures indicated up by almost 50 points

welcome to "squawk box" here on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkinlong with joe kernen and melissa lee. our guest host for the hour, joe ter noranova a cnbc contributor. we are calling it blueprint tax day? >> i saw it, i was -- >> that's what today is. >> any tax day makes me have a sick feeling >> you should not be having a--this is tax reform day. you should get excited this should be a great day for you. >> good for me, but bad for you. on high income earners, your taxes are going up i'll probably be okay. >> we'll see >> new york and new jersey, look out. >> sorkin, that thing you did, >>at stupid web thing.

morning welcome to "squawk box" on cnbc, we're live at the nasdaq market site in times square i'm andrew ross sorkinrnen and melissa lee. becky quick is off today a quick look at u.s. futures at this hour as we try to sort out which way the market will head in large part because of the news about north korea over the weekend. dow jones looks like it would open off 50 points nasdaq jittery as well, off ab

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s.y futures, markets closed higher at new records once again yesterday. you can see this morning things are relatively flat. s&p futures are indicated down by 2 points. dow indicated up by less than a point. the nasdaq indicated down by 5 points. >>> north korea threatening to use nuclear weapons to sink japan and reduce the united states to ashes and darkness the rhetoric comes days after the u.n. security council approved tougher safshg shnction pyongyang. >>> the swiss national bank holding interest rates unchanged but they did cut the 2017 growth forecast the central bank there

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. we are live from the pierre hotel in new york city this is the sight of today's delivering alpha conference. it all kicks off with our special occasion with treasury secretary steven mnuchin make sure you set your watches and just in case you don't have a watch to set, don't worry, we'll count you down right here. we're tracking the destruction from hurricane irma. we have more on that story in a few minutes. but first, let's take a look at the markets this morning u.s. equity futures are extending the rally from yesterday. right now, dow futures indicated up by almost 50 points the s&p up by 3 and nasdaq up by 15 this comes after all the markets looks looked very strong yesterday. the dow was up by 260 points s&p was up by 26 it was a record close for the s&p 500 and that's its first since august 7th the dow closed at a one-month high take a look at what's been happening in europe this morning. the gains we saw yesterday as concerns about irma faded a bit and, again, some concerns ab

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.kets moved higher yesterday on this thought that there will be a deal that gets cut. dow up by 55 points yesterday. this morning it looks like futures are slightly lower for the dow and s&p 500 with the dow futures indicated down by 8 1/2 points s&p down by 1 point. the nasdaq slightly positive up by 1.5. all of this happening as we are tracking hurricane irma as it approaches the united states let's look at asia the stock markets there starting with the nikkei, looking at those mark

welcome to "squawk box" here on cnbc we're live at the nasdaq market site in times square, i'm andrew ross sorkine kernen and michelle caruso-cabrera is hanging out with us today. look at u.s. equity futures at this hour. they are in the green after what was a down day yesterday we'll talk about that more in just a moment. dow looking like it would open up about 30 points higher. 31 points higher s&p up a little more than 3 points nasdaq looking to open 16 1/2 points higher. let's show you what's going on overnight in asia. red arrows on the nikkei and hang seng. shanghai composite up marginally in europe, a different picture let's show you wha

here's jamie dimon with andrew ross sorkin.tially talking about economic growth and how sluggish it's been here we go let's listen in. >> it's our policies that's what's doing it to us we should change the policies for the good of all americans. lending. another one. we haven't affected lending. absolutely untrue. okay any small businessowner has a hard time, hard time getting a loan existing ones don't. mortgage lindin inglending. because of the higher cost of mortgaging less availability. most of the young unemployed immigrant, self-employed immigrant, we think mortgages are going to be $2 trillion higher cut that number in half. make it a trillion that, alone, adds 10% to lending. would add to growth, small business, middle market, rugs, everything home building, household formation, and tell me when a -- the fact is we are it what it is i can't change it but i do think these things are policy issues and not just that's just the way it is. it's not just that way >> when the new administration came into power, you were relati

last night i talked to andrew ross sorkin and it almost seemed like it's the red state, blue state, peoplen states like new york and new jersey, they can't be happy. >> there are republicans in new york, new jersey, illinois, california, who are going to complain about that deduction. and in fact orrin hatch the republican chairman of the senate finance committee said he wants to preserve that deduction. so pretty much every major deduction that they go after is going to generate a huge lobbying response. that's why tax reform is lard and it's also why they haven't specified what those closed loopholes for the most part are going to be. once those details come out, the fight accelerates. >> this is what is killing me. we know the "new york times" ed board has blasted the president for lying, calling this tax reform a middle class miracle that won't help him. and now gary cohn yesterday wouldn't specifically say that the plan won't help him, but he went on to say listen, people just care about their own pocketbooks. that's what matters. and he's right, as long as my family is doing okay, i

reflation, commodities, these have been going on for a year and a half >> jamie diamond said to andrew ross sorkin, there has been no regulatory hope. there's no trump trade, there's no legislative agenda. mnuchin has moved the goal possess on numerous occasions this year. we're not going to get tax reform >> are you saying ever, or -- >> we're not getting tax reform. that's not happening not under this president not in the next couple of years. >> i completely disagree with you. >> okay, that's fine there is no trump trade. when you look at all of these trades, why do the banks underperform this year why is the ten-year yield hovering so low? what is it saying about our economy relative to the rest if anything i think the chaos in washington has been a hindrance. >> you think the reflation trade is a trick >> the notion that there is some trump trade is ridiculous. >> i'm agreeing with you it's not a trump trade >> in an angry kind of way, but agreeing nonetheless >> back to the banks, the banks don't need a whole lot here. they're trading at valuations that make sense. >> and if regulation comes

there's a whole plate over there. >> i know. >> i'm joe kernan along with andrew ross -- >> it's the best kind. >> andrew ross sorkin it's the celery of donuts >> you're right. you actually eat those, and you burn more calories than -- >> you lose weight eating the glazed >> becky quick is off today. >> love it >> futures have been up about 50 on the dow for most of the morning. let's see. let's check now. 49 -- 49 i overstated it. >> we're wondering, will they or won't they, and now they're back to 2.289 the dollar, which looked like the euro was headed above 120. the dollar has strengthened a little bit recently, and now 117 against the euro -- where. >> one donut point to make before we get to the headlines i know you think this is an argument about sugar >> i think it's hypocrisy. >> i know you think it's hypocrisy because you think people should be able to have the sugar. >> anything in moderation. >> i'm proving the point, though that i have no self-control, and most people don't either, and that's the problem you have to have the big brother to keep me from these doughnuts. >> you are admitting you are a nann

dalio and andrew ross sorkin by heading to deliveringalpha.com. ray dalio is also on "squawk box" tuesday don't miss it. "the halftime report" is back in two minutes. you know who likes to be in control? this guy. check it out! self-appendectomy! oh, that's really attached. that's why i rent from national. where i get the control to choose any car in the aisle i want, not some car they choose for me. which makes me one smooth operator. ah! still a little tender. (vo) go national. go like a pro. for years, at&t has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 150 megabits per second across our entire network, to more companies, in more locations, than at&t. we do business where you do business. ♪ ♪ >>> semiconductors on pace for their best woke in two months as josh was noting earlier. today ever core isi raised its target on nvidia to 250 bucks, the highest on the street and a 40

i'm andrew ross sorkin along with joe kernan and melissa lee. >> we're looking at down arrows.ints. nasdaq down by four and a half points, and the s&p 500 off close to two points. here's what's making headlines at this hour the senate finance committee set to hold a hearing today trying to build support for an obama care reform bill now, republican leaders are attempting to revamp the bill to sway hold off out senators the ability to pass that bill with a simple majority vote will expire on saturday pelts will be right here on the set on thursday at 8:30 a.m. to discuss all of this with him walt disney threatening to pull its programming from optimum systems run by altise. that's the fourth largest it u.s. cable operator, once cable vision cable vision is a big part of that, in what's become a familiar story the two sides have been unable, though, to come to an agreement on a new carriage contract the current deal expiring at the end of the month, and the are away of words is getting fiercer. >>> abe's approval rating has jumped over the past few months, although some political

cnbc's andrew ross sorkin is here, also the founder of deal book for "the new york times."s rockefeller act that protects u.s. rail business. i mean warren buffett at this point, who owns basically all those businesses, can say come on, now, we should do the right thing and help puerto rico. >> well, we should do the right thing to help puerto rico. you don't think he's ultimately going to say that? >> he hasn't said it yet and i know they need food, water and supplies today. >> i think that he's going to say that and i think -- i'm not actually that worried about it. >> you're not? why do you think it hasn't happened yet? they have done it for texas, they have done it for florida. the delay in supporting puerto rico is astounding, because, remember, those are u.s. citizens. >> there's no question, we need to figure out a way to fix the problem. i'm not defending them. all i'm suggesting is i think that the rail guys and i think washington, i think they're taking their time. i feel like they will get there on this. >> do you think taking their time on a life-and-death situa

. >> good morning, i'm andrew ross sorkin along with joe kerr anyone and melissa lee, becky is off todaywe were basically marginally down, now we're moving more realistically down but only a little bit dow off about five points, the s&p 500 off a point and a half here's what's making headlines roku going public today. its ipo priced at $14 per share. we will talk to anthony wood and we'll do that at the nads dsdaq lyft one step closer to going public itself. it's about to hire an ipo advisory firm. sources saying an ipo could come as early as next year. interesting that they might go before uber on the public path equifax promising to give consumers more access to their credit records following the removal of richard smith as ceo. equifax says it will introduce a free service january 31 that will accomplish those goals >>> president trump and the big six rolling out -- better than the gang of something, i think, isn't it they have these weird monsters >> sounds like a sports conversation, the big six. >> it does sound like the big six. hopefully they're not playing against each other the

i'm becky quick along with joe kernen and andrew ross sorkin. today is the last trading day of the third quarter. stocks have been on a strong run. the dow up 4% in the last three months s&p 500 is up by 3%. the nasdaq is the big winner, up by 5%. stocks are on track to finish in the green in september for the first time since 2013. tech, energy, materials leading the way. consumer staples, real estate and consumer discretionary lagged even though you're talking about real estate and consumer discretionary being flat, those are the lagging sectors. a look at futures a mixed picture with the dow indicated down by 12 points. s&p is down by a point the nasdaq indicated up by close to 7.5 points. in asia, you will see the nikkei actually was flat. it was down by 0.03% hang seng was up bay half percent. the shanghai composite was up by 0.3% in europe, in the early trading, will you see that right now it looks like things are mostly positive the dax is up by 0.3%. the ftse up by 0.6%. >>> a couple big stories uber saying its ceo will head to london to

attacks in new york, washington, d.c., and later in pennsylvania i'm becky quick along with andrew ross sorkin a andrew has maximum sustained winds that have decreased. you have higher gusts coming through. right now irma is 60 miles north of tampa irma is expected to weaken to a tropical storm this morning and to a tropical depression by tomorrow afternoon. >> we have complete team coverage of this storm we are in bonita springs and jackie deangelis out there and diana olick north in atlanta we want to start right now with carl good morning to you. >> reporter: good morning to you. as becky said, the storm is very much a force in northern florida, will be in georgia later. we're in southwest florida landfall was southwest of naples we're on a bridge overlooking one of the waterways the good news if you can call it that, the estimates of storm surge, 10 to 15 feet, didn't really happen. you have all of these condos, hotels, gated communities that don't look that much different from the pictures that we shot here yesterday of course, i'm going to give that a big calf fee at given we don't know

. >> for our new nicknames and andrew ross sorkin is out today.day, yeah >> it is jobs friday we're about 30 minutes away from the big payroll number and i'm sure it's going to be big. we're hoping it's big. it might be big. given the adp. but, at this point, the forecast is 179 209 was the big upside surprise that we saw from the july number two straight 200 plus. so we'll see whether that 179 is more accurate than the adp and of course the brad gilbert forecast 247 unemployment expected to hold. first a check on futures right now. some strong all morning long up 71 indicated on the dow. s&p indicated up just over 5 nasdaq up almost 17. 10-year, by the way, has been between 2.1 and 2.2. we've been talking about that, 2.13 is where it is today. >> among today's top stories the >> mary joe::er of dow chemical and dupont is a done deal. the newly combined company which is own as dow-dupont is going to begin trading on the new york stock exchange under the symbol dwdp shareholders got one share of the new company for every share they held. dupont sha

times square, and we should say it is talk like a pirate day leave that to joseph to do i'm andrew ross sorkinbecky quick and joe kernan we'll show you what's going on right now dow looks like it would open up higher about 35 points higher a little over eight points higher nasdaq would open down off about two points here's what's making headlines at this hour on today's wall street agenda we have fed policy makers that will be kicking off a two-day meeting in washington later this morning. meanwhile, on the data front look for august housing starts and building permits at 8:30 a.m. eastern time along with import prize and second quarter current account figures. fedex will be raising shipping rates starting in january. the company says that fedex express ground and home delivery go up about 5% into one rate shipping, which offers a simple flat rate and will increase 3.5% that reports earnings after the close today. the house already passed a version at a similar spending level. the two versions must be reconcile and could spark a fight over spending, said democrats, about to block big increases