. >>> heineken shares sink after mexico's femsa sells a 5% stake in the brewer for 2.5 billion euros. >>> ocado slumps to the bottom of the stoxx 600, as the online grocer warns of rising costs, despite bagging stronger sales in the third quarter >>> good morning glad you're with us. let's take you to the markets. the stoxx 600 roughly one hour into the trading session, it's slightly underwater. off by just a smidge, to the tune of 0.1% seems like we're treading water ahead of that fed meeting where we expect the first clues when it comes to the reduction of the balance sheet. we have financials doing better today when it comes to the sectors. before we get to those sectors, let me show you the indices one by one the ftse 100 is up by 0.1% this is an inverse movement to what the currency is doing we'll get to the currency in a second we had quite a roller coaster ride for pound sterling over the last couple of days in response to the hawkishness, the dialing back of the hawkishness coming from mr. carney. the xetra dax is up by 0.1%. the cac 40 is off by 3.5 points. now we talk about

after mexico announced it had sold a 5.25% stake in the dutch brewer valued at $3 billion, this as femsaes to focus its shift to domestic investments. heineken down about 3.7% in today's trade. melissa, back to you >> all right, thank you. >>> still to come, why the former wells fargo ceo says the fed should stop worrying and learn to love low inflation. first, we are watching shares of tesla under pressure after jeffries initiated coverage at an underperform rating saying its business model can be scaled not as profitably. price target right now, 0.26 "squawk alley" will be right back stay tuned we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. thi