lizzy: let's bring in bloomberg's jill disis for more. se remarks change the expectations for the next fed meeting? it feels like a watershed moment given how historically hawkish he is. jill: i think that while the narrative has been building for quite some time, we were slated for a -- four in extended positive the december meeting. you are right to focusing on the comments. as you mentioned, he is incredibly hawkish and has been a driver of the fed tightening cycle we've seen over the past couple of years. i think him say the fed is in a position policy-wise where we are on the track after 2% is very significant. we have heard from others, including bowman, who is traditionally very hawkish leaving the door open for the idea of the pause, so it does feel like the fed dot plot from september feels like forever ago, an idea we could get one more rate hike before the end of the year feels like it's over and done with and seems like we are set for that pause. lizzy: thinking about the next fed meeting of feels like the beige book could be m

jill disis joins us. she is over that story. een the take away [audio drop] from the beige book? joe: i think you nailed -- jill: i think you nailed it. it's that consumers look like they are pulling back on spending. we certainly saw those in discretionary spending, durable goods, some of the spending on furniture. [audio drop] as you and i know, they are so, talk so much about being [audio drop] i thought really gives them more data that feels forward-looking, a little more present than what some backward looking official data make look like. as a labor market starts to cool, you're starting to see those price sensitivities among consumers. that's where you see that slowdown, that pullback among consumers. kriti: that's going to be something i think measured perhaps quite well with the pcw deflator as well -- pce deflator as well. a lot a people view that as this really important for not only the federal reserve but traders. jill i: think that at this point, the fed's preferred gauge after all is that core super court pce infla

jill disis bringing us that reporting this morning. in addition to all the government talk in the u.s., president joe biden and chinese president xi jinping meet on wednesday on the sidelines of the apec summit in san francisco. the 21-member forum marks the first time the u.s. hosted the event in 12 years. it will be the first face-to-face conversation in a year between the leaders of the world's two largest economies. xi is a guest of honor at a dinner hosted by u.s. business groups including top executives of fortune 500 companies. in dubai, the air show off today with several major deals worth tens of billions of dollars set to be quote in the wings. both boeing and emirates are poised to unveil significant orders, and china may end a freeze on 737 max sales when biting and xi meet on wednesday. guy johnson joins us live from the airshow in dubai. walk us through how big of a deal day one is. guy: it could be the biggest day at an airshow in 10 years. that's significant. most of these orders will be wide-body jets as well, so the n