Tom Lee, as I said, is with me now as we turn back to the markets. He is a CNBC contributor, of course, Fund Strat Global Adviserss. So, it's good to see you. >> Great to see you, Scott.It's been a turbulent week. >> It has. >> Is it 410 something that's going to come forward here for us.>> Uh, well, part of it is, of course, as you know, we're in earnings season and markets tend to be volatile around earnings. I I'd say that some of the high-profile declines like Intel look bad over a one day period, but I ...

It appears the race for the next Fed chair is down to two. While talking to the Wall Street Journal, the president named Kevin Hassett and Kevin Warsh as his top two choices. Policy, policy market, I should say.Poorly market odds had Hassett as the clear front runner. But Warsh is closing the gap considerably. Here with me now is Michael McKee Bloomberg International economics and policy correspondent.And I, I know mystery is a big part of the strategy of this administration, but previously the president sa ...

Economic Outlook - The Federal Reserve has revised its growth outlook upward while revising its inflation outlook downward, indicating a more positive economic environment [3] - There are concerns about stagflation, but the overall sentiment leans towards optimism regarding economic growth and inflation trends [5] Labor Market - The labor market shows signs of slowing, yet there are still bright spots, suggesting a complex but stable employment situation [2] - Employment growth is slowing, but stronger productivity growth is being observed, which may offset some of the negative impacts [7][11] Productivity and Capital Expenditure - Trends in productivity are favorable and have been evident in the data, driven by a capital expenditure (capex) boom that is expected to accelerate next year [9] - The impact of AI on productivity is significant, with companies increasingly using AI to enhance effectiveness and productivity [11][12] Technology Sector - The technology sector is experiencing a shift, with every company being viewed as a technology stock, leading to potential productivity gains across various industries [12] - Concerns exist regarding the sustainability of growth in chip demand from major companies, which could impact the broader economy [10]

The hairs are split, the heads are counted, the deal is done, the Fed is cut. Onto the next story. It really is like that in this business.Only the media seems to know that it's not. And insist on beating the story to pulp when the old judgment is all that matters. Got a rate cut.Yay. Here's the only cadence you need to know about a Fed meeting. It goes like this.We have a big event coming up. We think the Fed will cut probably a quarter point. Then we get exactly what we want.And the story has been written ...

🚨 TODAY: Fidelity says $BTC found strong support near $85.5K with ~430K BTC bought, as markets now await today’s Fed meeting. https://t.co/13UwpdSwZo ...

Policymakers are grappling with gaps in economic data caused by the recent government shutdown. ...

All right, we got to start with futures. What do you make of futures turning negative. They were just very slightly higher earlier, but now pretty firmly in the red.>> Yeah, I mean it's not not much to make of it right now. I guess it's a little bit of it's ahead of the Fed meeting today and you know, I I don't really have any kind of don't have any expectation there and I think we're waiting to see. >> All right.Um, looking ahead today, does it matter to you as an investor if we get that hawkish pause that ...

All right, we got to start with futures. What do you make of futures turning negative. They were just very slightly higher earlier, but now pretty firmly in the red.>> Yeah, I mean it's not not much to make of it right now. I guess it's a little bit of it's ahead of the Fed meeting today and you know, I I don't really have any kind of don't have any expectation there and I think we're waiting to see. >> All right.Um, looking ahead today, does it matter to you as an investor if we get that hawkish pause that ...

Uh joining us right now to talk more about the broader markets is Megan Shu. She is chief investment strategist at Wilmington Trust, also a CNBC contributor. And thank you for coming in this morning, Elizabeth.Megan, sorry, Elizabeth Shu. That's that's what's in my head, Megan. Thank you.[laughter] >> Um let's talk a little bit about where you see things with the Fed meeting today. I I know you're of the opinion that they should cut and you know this is a pretty difficult time for forecasting with what the ...

Uh joining us right now to talk more about the broader markets is Megan Shu. She is chief investment strategist at Wilmington Trust, also a CNBC contributor. And thank you for coming in this morning, Elizabeth.Megan, sorry, Elizabeth Shu. That's that's what's in my head, Megan. Thank you.[laughter] >> Um let's talk a little bit about where you see things with the Fed meeting today. I I know you're of the opinion that they should cut and you know this is a pretty difficult time for forecasting with what the ...