Remy: And uh ahead of the new, uh, ahead of today's session, let's go out to Chicago to see what Cebo traders are watching for. We're joined by FinTech TV correspondent Mark Payton who's live from Cebo's trading floor. Good morning, Mark. Thank you so much for joining us. So here we are about to head into Tuesday's session. What are you tracking in the pre-market?
Mark Payton: Yes, good morning, Remy. We're looking at a slightly positive start for the broader market this morning. S&P futures are up about 0.1% after a strong session yesterday when the S&P gained nearly 1.5%. Here at CEO, the VIX is around 14.8% this morning, and that gives you a pretty good sense of the mood in this market right now. 20 is generally a level where traders watch for increased volatility. So with the VIX in the mid-teens, we're not seeing a lot of fear price into stocks, even with all the geopolitical. We've been following. We're also watching the Russell 2000. Russell futures are up just a little bit this morning. Small caps did participate in yesterday's rally, but they didn't keep pace with the S&P. So we'll be watching to see whether that change is once the trade goes underway. And then two of the biggest number trades continue to watch are Treasury yields and oil. The 10-year Treasury yield has eased back to about 4.93% after moving above 5% last week, and we're seeing. Pretty significant move in crude this morning with Brent and WTI, as you mentioned, both down, and that comes as traders react to signs of potentially improving supply in the Middle East. Iran has indicated it could reopen the Strait of Hormuz within 7 days under certain conditions while Saudi Arabia has restarted operations on its east-west pipeline. So heading toward the opening bell, S&P futures are slightly higher. The VIX remains in the mid-teens, and we're seeing oil prices and Treasury yields start to move lower.
Remy: Yes, and Mark, as we head into the rest of the week, geopolitics taking front and center stage, especially with the UN General Assembly taking place here in New York, and we have been hearing from Fed officials, we have several on the calendar today as well as the rest of the week, but when it comes Economic data, of course we get key data points and it is fairly quiet on the calendar, but of course all eyes are on the jobs report coming out at the end of next week and we got ADP weekly employment data this morning. So how are traders digesting the latest data points?
Mark Payton: Yes, you know, I think the ADP number matters and there was some improvement this morning with the report. ADP says private employers added an average of about 20,000 jobs per week over the four weeks ending September 5th, and that's up around 16,750 a week in the previous reading, and hiring has now accelerated for a third straight week. So that's another. Piece of the labor market picture for traders and ultimately for the Fed. But right now geopolitics is driving the bigger moves. You can see that especially in oil and the bond market. Brent has fallen back to around $98 a barrel. WTI is below $90 and the 10 year Treasury yield is back around 4.93% as traders react to the latest development involving Iran. And the Strait of Hormuz and oil supply and that matters because oil feeds into the inflation picture and inflation feeds directly into the interest rate conversation. So traders are certainly taking note of this better ADP number, but right now geopolitical headlines have the ability to move oil yields and equities very quickly and that's really where the market's attention is this morning, Remy.
Remy: Well, Mark, a lot to keep our eyes on as we head into the rest of today's session. So thank you so much for joining us this morning, Mark.
