Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
The electric car manufacturer is offering auto insurance to its owners in California, with plans to expand to other states later on.Personal Financeread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
Blackstone's Joseph Zidle predicts the Fed will cut rates but says Wall Street won't get what it wants, and stocks could fall as much as 20%.Futures Nowread more
Check out the companies making headlines before the bell:
Alphabet – Alphabet's Google operation was the subject of a piece in last night's episode of "60 Minutes," highlighting the company's power and airing comments from critics who say Google is stifling competition.
MB Financial – The Chicago-based bank operator agreed to be bought by Fifth Third Bancorp in a $4.7 billion cash and stock deal, worth $54.20 per share. That represents a 24 percent premium over Friday's closing price for MB Financial.
Tesla – The automaker is the subject of two recommendation from proxy adviser ISS, which said shareholders should vote against directors Antonio Gracias and James Murdoch, and vote for a proposal to separate the chairman and CEO roles. Both jobs are currently held by Elon Musk. Separately, Berenberg raised its price target on Tesla stock to $500, saying a gross margin above 25 percent for the Model 3 is "comfortably achievable."
Pinnacle Foods – The food maker has hired Evercore Partners to explore strategic alternatives, according to a New York Post report. The paper notes that Pinnacle has been facing pressure from activist investor Jana Partners to merge with ConAgra Brands.
Middleby – Middleby is buying Taylor Co. from United Technologies for $1 billion in cash. Middleby is best known for commercial kitchen equipment, while Taylor makes ice cream and frozen drink machines.
Xerox — Japan's Fujifilm remains set on buying Xerox despite the cancellation by Xerox of their planned merger deal, according to the Nikkei news service. However, Fujifilm is reportedly refusing to negotiate with major Xerox shareholders Carl Icahn and Darwin Deason.
Athenahealth – The company should hold a formal sale process, according to shareholder Janus Henderson. That firm holds an 11.9 percent stake in the provider of cloud-based medical business services and made its wishes known in a Securities and Exchange Commission filing.
IHS Markit – The financial analytics company is buying Ipreo from private-equity funds managed by Blackstone and Goldman Sachs for $1.855 billion. Ipreo is a provider of financial services solutions and data.
Campbell Soup – The stock was downgraded to "underperform" from "neutral" at Bank of America/Merrill Lynch, based on 2018 being a transition year under an interim CEO who will be initiating an extensive strategic review.
Snap – Snap was upgraded to "neutral" from "sell" at MoffettNathanson, which said the risk/reward profile is now balanced with the stock having fallen by about half since the "sell" recommendation was first made more than a year ago. The firm did call Snap's life as a public company "nothing short of an unmitigated disaster."