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Good morning. Today is Wednesday, October 12th and I'm your host Julie Morgan.

Our top stories.

Biden and OPEC Plus, The Bank of England, Intel, Metaverse, I robot, General Electric, and Tik-Toc.

The major U.S. equity averages finished Tuesday session with a mixed performance.

The NASDAQ and S&P 500 recorded their fifth consecutive day of declines.

The Dow managed to finish the day higher. The NASDAQ ended down 1.1%. The S&P closed down 0.7% and the Dow finished up 0.1%.

Seven of the 11 S&P sectors posted declines.

This was led by retreats in Infotech, Communication Services, and Financials.

Real Estate was the best performer, rising about 1%. Turning to the U.S. fixed income market,

the 10-year Treasury yield rose four basis points to 3.92 percent after having topped 4 percent overnight.

The two-year Treasury yield was basically flat at 4.3%. The market is still pricing in an 80% chance

that the FOMC boosts rates by another 75 basis points in November. In the earnings spotlight today, PepsiCo. In our day watch, Flex Shopper is

up more than 7% in pre-market trading. The company announced an exclusive long-term marketing

relationship with Liberty Tax. F-PA will offer consumer loans in Liberty Tax

locations across the US and on the company's website.

Now are top stories.

The Bank of England is creating uncertainty in the global market.

Bank of England Governor Andrew Bailey sent not just the pound sterling, but U.S. equities and Treasury prices lower

when he confirmed that the Central Bank would end its rescue program on Friday, as planned.

Find out what one economist is saying about Bailey's announcement

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