Stocks Selling Off Ahead of Congressional Deadlines // Oil at 3-Year High, Nat. Gas in Short Supply - 9/28 (Hour 1)
(2:17) - Markets are undergoing a steep sell-off as major deadlines loom for Congress. These deadlines include the debt ceiling, government funding, the infrastructure bill, and the reconciliation/social spending bill.
(12:17) - Oil prices have hit a three-year high amid a natural gas shortage that is having ripple effects across North American and Europe. Heading into winter, there is reason to believe this situation will get worse before it gets better.
(26:30) - Robert Kaplan and Eric Rosengren are retiring from their posts as Fed Presidents following accusations of insider trading.
(33:07) - Merck is far along in talks to acquire Acceleron Pharmaceuticals, which is valued at around $11 billion. The deal could be announced later this week.