Remy: And ahead of the new trading day, let's go out to Chicago. Fintech TV correspondent Mark Payton is live from the Cebo trading floor. Good morning, Mark. Thank you so much for joining us. So we have a lot of earnings as well as data to digest. So what are you tracking in pre-market trade?
Mark Payton: Good morning, Remy. Yes, the big focus this morning is inflation. Following the release of September's Consumer Price Index, consumer prices rose 3.7% over the past year, up from 3.4% in August. Core inflation also moved higher to 2.6%. S&P 500 futures were pointing slightly higher early this morning, but investors are now digesting those inflation numbers ahead of the opening bell, and it's starting to dip here at CEO. We're watching the VIX for signs of how investors are reacting. It's up. It's around 5 or 15.7 range right now, and the 10-year Treasury yield is also reacting. That's up too as well. So very interesting again, the reaction from the Report this morning, oil remains another major story with WTI crude trading in the mid-90 dollars range and continued supply concerns in the Middle East. We're also seeing another busy morning of corporate earnings, as you mentioned, with Bank of America, Morgan Stanley, and BlackRock and Focus. So the big takeaway this morning is that inflation is picking up again and investors are trying to figure out what that means for the Fed's next move and the direction of the markets, Remy.
Remy: Yes, and speaking of Mark, you mentioned rate hike expectations and of course we're all counting down to the October Federal Reserve meeting. So given the fact that core CPI did come in higher than expected, what are we seeing in terms of rate hike expectations, not just for the October meeting but also the rest of this year?
Mark Payton: Yes, that's a great question, and there's a lot of moving parts to that. But one of the things I would focus on right now is energy. Energy really is one of the biggest driving factors right now. And if you look at the reports from the CPI report right now, that's the biggest story this morning, right? That's what's really causing everything to move is the energy side of it with oil. So that's the really tricky part of this. So again, according to Bureau of Labor Statistics and the data behind that and what the numbers show there it was let's see the overall energy prices rose 5.2% for the month and they're now up more than 20% over the year. So I think that's the key and if you think about it, a Fed rate adjustment, it really won't fix the oil problem that we're facing right now. So I think that's the big takeaway, Remy.
Remy: Well, Mark, thank you so much for joining us. Only 14 days until the October Fed meeting. So appreciate your time this morning and thank you so much for giving us all of your insights.
Mark Payton: Thank you.
