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Wall Street looks to add to all-time highs as the new week begins

BY THE NUMBERS

U.S. stock futures were higher this morning, as investors look to the Fed's two-day September meeting which begins tomorrow. Most market participants do not expect a rate hike to be announced , although the central bank is projected to announce the start of its unwinding of its massive $4.5 trillion portfolio. (CNBC)

*The Fed is about to take a historic step, but here's what the markets care about more (CNBC)
*After an 'incredible run,' copper prices could be petering out (CNBC's Trading Nation)

More than three quarters of respondents to this quarter's CNBC Global CFO Council poll said President Donald Trump deserves at least some of the credit for the stock market's run in 2017, with about 17 percent saying he deserves "most of the credit." The Dow and S&P 500 closed at record highs on Friday.

Expanding its focus on military aircraft, Northrop Grumman (NOC) has agreed to buy Orbital ATK (OA)for $7.8 billion in cash, about a 22 percent premium to Friday's close. In turn, Orbital shares were about 20 percent in the premarket. (WSJ)

IN THE NEWS TODAY

A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into a major hurricane as it rips into the Leeward Islands on toinight. (Reuters)

*The US East Cost could feel a weakened Jose this week (Weather Channel)

President Trump will address the U.N. in New York this week as North Korea's nuclear threat looms. North Korean diplomats will have a front-row seat in the U.N. General Assembly for Trump's speech tomorrow, which will touch on the crisis that has seen Trump and Pyongyang trade threats of military action. (Reuters)

*Trump, Nikki Haley to share US spotlight at UN gathering (Reuters)
*As Trump heads to UN, advisors say North Korea hasn't fully felt sanctions yet (CNBC)
*Trump has three goals at the UN ... here's why one of them is unusual (CNBC)

White House economic advisor Gary Cohn is expected to outline the administration's proposal to reduce greenhouse-gas emissions while restating that its stance on the Paris climate accord has not changed. (WSJ)

Germany's largest bank reportedly expects subpoenas or requests from authorities investigating potential coordination between Trump's presidential campaign and the Russian government. But until there's a binding request, his bank won't give anything up, Deutsche Bank CEO John Cryan said. (CNBC)

Senate investigators are stepping up the pressure on Facebook as concerns rise about the role the social media giant played in Russia's interference in the 2016 presidential election, the Financial Times reports. (Financial Times)

The parent company of Snapchat has been asked by the government of Saudi Arabia to remove the Al Jazeera Discover Publisher Channel in that country because it violated local laws, the social media company said Sunday. (Reuters)

Software startup Slack Technologies said it raised $250 million from SoftBank and other investors in its latest funding round, boosting the company's valuation to $5.1 billion. (Reuters)

As the U.S. deals with an opioid crisis, many insurers are limiting access to pain medications that carry a lower risk of addiction. Experts tell the Times that opioid drugs are generally cheap while safer alternatives are often more expensive. (NY Times)

Earlier this month, CNBC broke the story that Toys R US is considering bankruptcy. The Wall Street Journal now reports it could happen in the next few weeks ahead of the holiday shopping season.

After headwinds buffeting the publishing industry, Rolling Stone founder Jann Wenner is putting his company's controlling stake in the publication up for sale. Wenner had long tried to remain an independent publisher in a business favoring size and breadth. (NY Times)

STOCKS TO WATCH

Seeking to pay down debt following its planned $85.4 billion acquisition of Time Warner (TWX), AT&T (T) is reportedly considering divesting its Latin American TV assets, which could fetch $8 billion.

General Motors (GM) workers at a plant in Ontario have gone on strike after negotiators failed to reach agreement on a new contract. The popular Chevrolet Equinox SUV is made at the plant.

Shares of Ryainair (RYAAY) were under pressure in the premarket after the Irish budget airline said it's cancelling 40 to 50 flights every day for the next six weeks due to a scheduling error.

Jimmy Choo shareholders will vote today on an acquisition by high-end fashion and retail brand. Michael Kors (KORS). The deal was first announced in July.

WATERCOOLER

It was a night for politics at the Emmys. Host Stephen Colbert, Lily Tomlin, Jane Fonda and Alec Baldwin were getting in zingers about President Trump. All of it was upstaged by former White House press secretary Sean Spicer himself, in a controversial appearance that set social media afire. (AP)

*SNL,'Big Little Lies,' 'Handmaid's Tale' rule at Emmys (Reuters)

The Stephen King adaption "It" topped the domestic box office again this weekend with $60 million in ticket sales, bringing in $218 million so far for the highest grossing September release ever. Meanwhile, the Jennifer Lawrence psychological thriller "mother!" saw a paltry $7.5 million debut. (AP)