Remy: And ahead of the new trading week, let's go out to Chicago to see what CEO traders are watching out for. FinTech TV correspondent Mark Payton is live from Cebo's trading floor. Good morning, Mark. I hope you had a great weekend. So we are, uh, setting ourselves up for quite the week here. So what are you tracking in the pre-market on this Monday morning?
Mark Payton: Good morning, Remy. It's a new week and we're starting Monday with a much better tone across the markets. S&P 500 futures are up about 0.1% ahead of the opening bell, and here at CEO we're keeping a close eye on volatility. The VIX is right around 15% this morning. So despite the strength we're seeing in equity futures, there's still some caution in the market, and we're seeing small caps participate this morning as well. Russell 2000 futures are up about 0.1%. After it ended Friday at 2860 down about 0.5%, and that's worth watching because the Russell has been under pressure recently. It actually finished last week around three month low. So with the 10 year yield easing back below 5% this morning, we're seeing some relief there. And as we start a new week, S&P futures higher small caps participating in some relief in Treasury yields, certainly a better tone heading toward the opening bell, Remy.
Remy: Yes, and speaking of the opening bell, Mark, of course here in New York we're paying attention to what's happening in terms of diplomatic negotiations, especially with the UN General Assembly kicking off here, and we are set to see the Treasury Secretary as well ahead of the opening bell here at the New York Stock Exchange. But over at the CIBO, what are traders watching this morning?
Mark Payton: Yes, you know, I think there are really two big things to watch this week interest rates and oil. We saw the 10-year Treasury yield move above 5% last week. So having it back below that level this morning is giving equity some breathing room, and the Fed remains a big part of that story. A number of Fed policymakers are speaking this week, and traders will be listening closely for any clues about where rates go from here following last week's rate hike. Chicago Fed President Austin. is speaking today. That will be one to watch, especially for any clues on how he's thinking about inflation and the path for rates from here. And then there's oil, and that's one of the biggest moves we're watching this morning. WTI is down more than 2%, trading around $94 a barrel, while Brent is also sharply lower but still above $100. So we're seeing some of the geopolitical risk come out of crude with signs of improved oil flows and the possibility. of diplomatic progress between the US and Iran tensions and that matters beyond just energy. Lower oil can ease some of the pressure on inflation expectations and potentially take some pressure off Treasury yields as well. So as we start the week, I keep an eye on WTI, that 10 year Treasury yield, and right here at CBO, the VIX, those three could tell us a lot about whether this better tone can continue, Remy.
Remy: Well, the countdown does continue to the market open here in New York as well as in Chicago, so we will be talking to you later after the markets open. Thank you so much for all of your insights this morning, Mark.
Mark Payton: Thank you.
