Action is going to be in emerging markets, says CIO

CNBC's 'Squawk on the Street' team is joined by Ben Mandel, global market strategist at J.P. Morgan Asset Management, and Noah Weisberger, AB Bernstein managing director of US portfolio strategy, and Krishna Memani, chief investment officer at OppenheimerFunds, to break down what's going on in today's markets after a new tone from the Federal Reserve.