First presidential debate, OPEC dominate Wall Street

Michael Nagle | Bloomberg | Getty Images. There are pockets of the market that are arguably overvalued, but the S&P itself is only modestly stretched.·CNBC

With record-breaking viewership expected tonight for the first presidential debate between Hillary Clinton and Donald Trump, the latest polls show the billionaire gaining momentum. (NBC News)

Over the weekend, Trump blasted billionaire Mark Cuban , a prominent Hillary Clinton backer, as "dopey," threatening to bring Bill Clinton's former mistress to the debate. (CNBC)

German lender Deutsche Bank (DB) sought to reassure investors today, telling CNBC that its chief executive hadn't asked for government assistance in its negotiations with the U.S. Department of Justice.

Wells Fargo (WFC) is the target of a class action by two former employees . They're seeking $2.6 billion for workers who were demoted or fired, after failing to reach aggressive sales goals. (Reuters)

Verizon (VZ) is said to be at war over how to proceed with its $4.8 billion deal to acquire the core internet assets of Yahoo (YHOO), after Yahoo revealed last week a massive 2014 hacking. (NY Post)

Billionaire Elon Musk tweeted last night that SpaceX successfully tested of a new rocket engine, which could one day help humans colonize Mars. Musk is expected to outline his red planet ambitions tomorrow. (CNBC)

The man accused of fatally shooting five people at a mall in Burlington, Washington is expected to appear in court today. 20-year-old Arcan Cetin was arrested Saturday night, a day after the rampage. (USA Today)

After peaceful weekend protests over the fatal police shooting Keith Lamont Scott, the mayor of Charlotte, North Carolina lifted the citywide curfew that was prompted by violent demonstrations last week. (NBC News)

Jose Fernandez, the ace right-hander for the Miami Marlins who escaped Cuba to become one of baseball's brightest stars, was killed in a boating accident early Sunday morning. Fernandez was 24. (AP)

Golf legend Arnold Palmer died Sunday in Pittsburgh. The 87-year-old's go-for-broke style on the course ushered in broad appeal for game. Palmer won seven majors and 62 PGA Tour events. (AP)


The government issues its new home sales report for August, forecasts calling for a drop of 8 percent to an annual rate of 602,000 after the strong 12.4 percent surge in July.

Minneapolis Fed President Neel Kashkari, Fed Gov. Daniel Tarullo, and Dallas Fed President Rob Kaplan make public appearances today. Kashkari and Kaplan will be policy voting members next year.

Cal-Maine Foods (CALM), Carnival (CCL) and Vail Resorts (MTN) are among the companies reporting earnings this morning. RV-maker Thor Industries (THO) is out with quarterly results the after the bell.

Philadelphia-based Chemtura (CHMT) will be bought by German chemical maker Lanxess for $2.12 billion in cash. The offer of $33.50 per share for Chemtura is 19 percent above Friday's close.


General Motors (GM) plans to expand U.S. availability of diesel engines in Chevrolet cars and light trucks, according to the Wall Street Journal, despite the VW emissions-cheating scandal.

GM is looking to cut the ranks of Cadillac dealers, offering 400 of them, or about 40 percent, buyouts worth up to $180,000. The automaker wants to "boutique" stores to help sales.

Goldman Sachs (GS) plans to cut more than 25 percent of its investment banking jobs in Asia, according to multiple reports, as merger and acquisition activity slows.

Target (TGT) announced the departure of its chief digital officer after four years as it overhauls its e-commerce division. The role will be split between the chief information officer and chief merchandising officer.

Sanofi (SNY) and Regeneron (REGN) could win FDA approval for a new eczema drug by March, according to the two drugmakers. Analysts see the new treatment generating $3 billion in annual sales.

Alnylam (ALNY) reports positive initial results from a study of a treatment for primary hyperoxaluria, a rare but potentially life threatening condition that can prevent the kidneys from working properly.

The veteran TV personality Jane Pauley is replacing the retiring Charles Osgood as the anchor of the highly rated CBS show "Sunday Morning." Pauley begins in the new role on Oct. 9. (NY Times)

McDonald's (MCD) starts testing today in Tulsa, Oklahoma breakfast Happy Meals, with either two McGriddles cakes or an egg and cheese McMuffin. All-day breakfast rolled out nationwide last fall. (AP)



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance

Advertisement