What's Happening Today:
- Following a mixed close in Asia and a mostly positive start to the day in Europe, U.S.-based futures are pointing to a higher open this morning. Traders will be looking for a number of global based headlines and potential reasons for volatility in today's trading as President Trump is due to speak at the UN General Assembly in New York. It is widely expected that the U.S. President will discuss the increasing activities on behalf of the North Korean Regime and his stance on the Iran Nuclear deal from the previous administration.
- As the FOMC meeting begins today, traders will be assessing the various types of statement the committee members will issue regarding the unwinding of the balance sheet. Opinions are rather widespread as to the ramifications of the balance sheet unwinding timing and its impact on broad-based averages and the yield environment in the United States.
- In company-specific information, Toys R Us declared chapter 11 bankruptcy on the heels of a number of factors, according to analysts. The company blamed an extremely competitive environment in addition to a heavy debt burden. Traders will be looking for impact on MAT and HAS.