Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action, news and analysis.

Good afternoon. Today is Monday, September 23rd, and I'm your host, Kim Khan. Our top story

so far. 14 of the world's biggest banks and financial institutions will pledge increased

support for nuclear energy in a bid to unlock financing for the industry.

The FT says institutions including Bank of America, Berkeley, City, Morgan Stanley, and Goldman

Sachs support the COP28 goal to triple the world's nuclear energy

capacity by 2025. Experts have opined that a public show support has been long

awaited giving the critical role nuclear energy can play in the overall

transition to low carbon energy to mitigate the impact of climate change.

Historically, banks have been divided on the prospects of nuclear energy due to project

financing complexities and risks and questions

over such investments complying with organizational, environmental, social, and

governance standards. B. N. Pareba said there was no scenario in which the world could achieve carbon neutrality

by 2050 without nuclear power, citing the UN's intergovernmental panel on climate change.

Barclay says nuclear power could be a solution to wind and solar energies intermittency.

On the economic front, the SOP global US-PMI composite, edged down to 54.4 in September's

preliminary estimate versus 54.3 consensus.

That's down from 54.6 in August.

Further expansion in the services sector contrasted with the second straight month of modest

contraction in manufacturing output. Pantheon macroeconomist Samuel Toome

says the PMI data are best seen as a guide to business sentiment and while the

headline index was broadly unchanged in September,

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