karen cho is here to break it down for us. >> good morning to you both. event on the calendar, the new iphone 14 is coming to the market and a big focus on wearables

here to make sense of it all is cnbc's karen cho good morning >> good morning to you we've had four straightses on wall street to close out the month of august. but futures are pointed weaker so no respite at this stage. some believe it could mean we're retesting the lows in september for the market in terms of negative catalyst. the narrative from the fed that remains hawkish. the latest is from the cleveland fed who's talking about the rates getting above 4% so we may see more the meme stock, bed bath and beyond is taking big steps to control cost as it struggles to win back consumers slashing its head count at the corporate level. recently we saw same-store sales falling 26%. it was a bigger drop than in previous quarters. we keep hearing about retail building up too much inventory, in this particular case, the company didn't have the right type of inventory so missed out on millions of dollars of sales. ra ryan cohen sold his entire stake in the company in recent weeks >>> we could be in for a soggy thursday >>> and u.n. inspectors embark on a perilous journey in the war zone discover so

i'm karen cho. >> these are your headlines.queen elizabeth's coffin lies in rest in edinburgh where king charles iii is accompanying the coffin leading up to the funeral next month. >>> and u.s. futures rise ahead of the key inflation report on tuesday. >>> u.s. officials issue a public health alert over hello fresh meal kits tied to the ground beef products. >>> and food prices slip on warnings that chinese fuel demand could contract as beijing continues to impose a zero covid policy >>> on to the market picture starting the week off with positivity although we ended with nervousnervousness. we have positivity with the ftse mib. generally markets looking out for inflation data the u.s. inflation numbers will be of interest we follow through from .75 higher for the interest rate numbers coming out the ecb hiked by 75 basis points sense census where to go as they look to head in the direction of another 75 basis point hike influencing markets with the positivity last week you are getting the interest rates getting a bit of momen

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