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US futures trim initial post-presidential debate gains

IN THE NEWS TODAY

U.S. stock futures were backing off strong gains after last night's first presidential debate. The market seemed to give the edge to Hillary Clinton over Donald Trump. The Mexican peso, which hit all-time lows in recent days as Trump gained momentum, was stronger against the dollar this morning. (CNBC)

Bold statements and one-liners were certainly on display at last night's debate. Watch here. NBC News and PolitiFact cited 20 fact-checks on remarks made by Trump and Clinton. Both hit the campaign trail today, with Clinton in North Carolina and Trump in Florida.

During the debate, after Hillary Clinton went after him on past misogynistic comments, Trump said he held back on mentioning Bill Clinton's indiscretions. The GOP nominee later told NBC News that he refrained because Chelsea Clinton was in the room.

Trump won the first debate, if social media mentions were the main metric. Facebook said Trump dominated 79 percent of the conversation on its platform. Twitter put Trump's influence at 62 percent. This was the first time a presidential debate was livestreamed on Facebook and Twitter. (CNBC)

Trump set off an explosion on Twitter not by some outrageous remark at the debate, but by a bad case of the sniffles. It sparked questions over whether he has a cold, after making much out of the health of Clinton, who looked like she bounced back from pneumonia. (CNBC)


Deutsche Bank (DB) remains under pressure this morning, despite management reassurances, after falling to an all-time low Monday on concerns the German lender would have to raise more capital to cover an anticipated $14 billion settlement from U.S. regulators. (Seeking Alpha)

Perry Capital,founded by Richard Perry and Paul Leff in 1988, plans to wind down its main hedge funds. In a letter to investors, Perry wrote he believes "very strongly in our investments" but the market headwinds make the success 'too unpredictable." (Reuters)

The World trade Organization cut its forecast for global trade growth this year by more than a third from April's 2.8 percent estimate to 1.7 percent. The WTO said it reflects a slowdown in China and falling levels of imports into the U.S. (Reuters)

Oil prices were sharply lower this morning, after U.S. crude climbed more than 3 percent on Monday. The rough patch for the market has forced Saudi Arabia to cut the salaries of its oil ministers by 20 percent and scale back lucrative perks. (Reuters)

Shale gas from the U.S. arrives on the shores of the Scotland for the first time today, Scotland currently bans the fracking technology used to extract the gas from the ground. (CNBC)

Recent bombings in New York and New Jersey — and a stabbing attack in Minnesota — underscore that extremist-inspired, homegrown attacks are as much a threat as those directed by terrorists, the Homeland Security chief said in prepared testimony. (AP)

BY THE NUMBERS

This morning's economic calendar features S&P Case-Shiller home price data for July at 9 a.m. ET, with economists looking for an increase of 5.1 percent year-over-year, after a similar rise in June.

The Conference Board's consumer confidence index for September, out at 10 a.m. ET, is expected to drop to 99.1 from the August 101.1 reading.

Fed Vice Chairman Stanley Fischer speaks at 11:15 a.m. ET this morning at the Howard University Economic Convocation in Washington, D.C.

There are no major companies reporting earnings this morning, but Dow component Nike (NKE) and uniform maker Cintas (CTAS) issue quarterly numbers after this afternoon's closing bell.

Speculation continues over whether Twitter (TWTR) might be sold. Walt Disney (DIS) and Microsoft (MSFT) are the latest companies to be mentioned as possible suitors.

Alphabet's (GOOGL) Google said it turned 18 today, marking the occasion with a special doodle that has the letter "G" blowing up balloons that spell out the rest of company's name. However, there's a dispute as to when Google's actual birthday is.


STOCKS TO WATCH

Kite Pharma (KITE) reported upbeat results in a mid-stage clinical trial for its non-Hodgkin's lymphoma treatment, saying more than 40 percent of patients showed complete remission.

Volkswagen shares were under pressure this morning on reports U.S. officials were pushing for an extremely large fine as the government and VW hold talks over a diesel emissions cheating settlement.

American Express (AXP) can bar merchants from steering customers toward other cheaper credit cards from competitors like MasterCard (MA) and Visa (V), according to a federal appeals court reversal.

The Labor Department has launched a "top-to-bottom" review of every complaint the agency received in recent years over Wells Fargo (WFC), which is under pressure after its massive secret account settlement.

WATERCOOLER

SpaceX founder and CEO Elon Musk is set to talk about plans for colonizing Mars at a space conference in Mexico today. The billionaire's space exploration company suffered a setback this month when one of its rockets exploded. (LA Times)

NASA's Hubble Space telescope has found evidence that Jupiter's moon Europa has a global ocean beneath its icy surface. The discovery could help scientists explore the moon's subsurface ocean for chemicals, and even signs of life. (CNBC)