eastern, xerox ceo ursula burns.ng up on "squawk box" in just a moment. >>> welcome back to "squawk box." checking the futures right now, they were down earlier this morning. they're down just about as much as they were. down 35 points on the dow, 5 points on the s&p 500 and 12 points on the nasdaq. mcgraw-hill had news for their construction unit as well as targeting at least $100 million in cost savings over the next three years. joining us now on set, doug pederson, mcgraw hill president and ceo. tell us about the new moves this morning. >> thank you. good morning. mcgraw hill financial has positioned the company over the last three years after significant divestitures of education, publishing, broadcasting for $2.7 billion. we've invested in the meantime in some very small critical acquisitions for growth businesses. we're ready to now grow with the trends of -- very important trends of the markets, things you talk about every morning. >> such as. >> the debt markets. the debt markets in the u.s. are growing. the

ursula burns will be joining us at 7:30 a.m., followed by john veehmeyer. have an exclusive interview with carl ice. that's coming up at 8:10 eastern time. stick around for those interviews. >> i hear your voice. >> i know. i've been trying. it's better than it was an hour and a half ago. >> if you need help, just -- >> better than it was a half an hour ago. >> just signal and we will jump in. >> i'm here. i wanted to be here. i feel okay, it's just that my voice is going. we're trying this morning. our top story this morning, the fed is kicking off its two-day meeting. the central bank is widely expected to stay the course both with the pace of tapering and with interest rates. but with any meeting, it will be the language surrounding that decision that will keep investors on their toes. that and janet yet