Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. A very good morning from me as well. Sara, do you like to hang out with me or the nbas mvp . As much as i missed you, sitting with steph curry you havent finished it yet. A little bit better. For this market, theres no one i would rather be with than you to talk about it. Especially after the action on friday. A small win but ill take it. You know i missed you. Well look at futures. The selling is continuing after the brutal session on friday that put a halt to the summer calm. 2 decline for the major averages. And futures are lower by a large amount again this morning. Dow futures down 134. S p futures down 17. Nasdaq futures down 45. This follows overseas selling in reaction to what we saw on wall street on friday. Lets just show you the percentage change in futures this morning for a change just to show you how dramatic the selling has been after 43 days of no plus or minus moves of 1 for the major averages. That was broken on friday with a 2 decline. Here we go again with dow futures down. 75 , almost a full percent. It picked up on thursday. The ecb didnt seize and the rhetoric suggested they would move forward. That started to hurt things. Then on friday we started to get, after a week of Interest Rates pushed higher, we have a day of people bringing them back in for various reasons. During Worldwide Exchange we were flat and then it got going as the markets showed just how quickly sentiment can change with new highs without clear reasons for it. Suddenly people start to make sales and there were big sales. And the mix people are watching, the volatility with fears spiking. We are looking at levels on the chart back to june around brexit time when the markets threw a tantrum after the brexit vote went the opposite vote as expected. And the tenyear treasury note, the highest yield since june. Yields are jumping from germany to the u. K. And japan. That is causing some of the unease. The idea of the great big bond rally that defined the postcrisis trading is finally coming to an end. We have been here before where we have said this and seen the yields jump. Its been spooky. Its now the time with Central Banks moving to the back burner. At the time we have very low yields in historical perspective, but the direction is changing and that is worrying people. The european equities are playing catchup following the route on wall street on friday. Were looking at 2 declines for germany and france and italy and spain. The ftse 100 down 1. 65 itself. I would say theres one important sector differentiation to point out. Banks were the best performer on friday because the selloff was predicated on higher rates. They were still down sharply but the best performer in europe because the interest outlook is so poor, even though its off the back of the fed rate hike discussion. Banks are also down sharply. The biggest decliner, then banks that cant get a break whichever way things move in europe. We have yields moving up. We are in positive territory on the tenyear bond. We move in positive territory last week and the yield today is the highest since the june brexit. All the way up to. 04 . Very, very attractive yield that you can get there in germany. If we look at asia, similar moves, similar declines. In fact, a little more pronounced for one of two of the markets as you can see hong kong down over 3 . Japan down 1. 7 . And again, bond yields ticking up there as well. Japanese tenyear almost back to positive territory but not quite. Of course, it is, in fact, just ticked in no, negative 0. 16 . Thats been leading the way on the yield. The nikkei had the lowest close since august 26. That stronger japanese yen really hurting the japanese stock market. Also hong kong, i would mention, because i was there last week and i got the chance to host squawk asia with my friend bernie low, as that stock market hit the lowest level in 13 months, that really took a spill overnight with all the stocks in the hang seng lower. Down 3 . As for the broader markets, well go across asset because you are seeing the pain felt in the oil market as well. The dollar strengthened on friday and thats been weighing on oil. The wti at 45. You are seeing the japanese yen strengthen by a half a percent, so that is clearly an indication of the concern. But the euro is strong and the pound is strong. Yeah. Which is opposite to what we saw on friday. I think that is worth refocusing. Last week we saw the dollar stronger because people brought rate hike expectations forward. But the story of the week as a whole last week was pushing them back after the whole jobs number two fridays ago with the disappointing im data people were pushing out. Over the week as a whole the dollar was weaker. Stronger on friday. All eyes will be there on the speech we werent expecting. Shes a governor, shes a Voting Member and known as an ultra dove. If she changes her tune, then really the markets need to refocus on the Interest Rate hike. Quickly well show you gold, gold has sold off sharply. The idea of the prospect of higher Interest Rates makes gold less attractive. It doesnt have a yield. Gold isnt moving this much this morning, but it did take a spill on friday. And whether its the fed, wilfr wilfred, or global Central Banks is more the story right now. Because when you look at fed expectations, i came back last week and checked, september still does not show the 35 chance of the fed increase. We are talking about next weeks meeting on wednesday and thursday. This is nothing new. We have talked about an Interest Rate on the table. It feels like we have seen yields tick up in europe and the u. K. Where the expectation is to go in more with qe and bondbuying stimulus. That seems to interrupt the market. Although friday itself was definitely related to fed rate expectations. You look at japan and europe, thats the question, can they do anything if they want to . The uk can still cut it further with their own central bank meeting, the bang of england bank of england will meet this week. After the impact of fed speak, they are paying attention to everything the policymakers say today. Ahead of next weeks fomc meeting, the president urged that it is not urgent for the bank to raise Interest Rates. He didnt say they should hike in september, however. Neel kashkari says that its immigration and tax reform key to solving the slow growth. Kashkari will be on squawk box at 8 00 eastern on what Monetary Policy can and cannot do. One not to miss. Its a squawk interview that can move markets while its happening. Scaling back the inspections for the economy, in a new survey out, the economy will continue to grow for the next two years but not by as much as thought. There are expectations for business investment. The majority of those surveyed say they dont see the u. S. Economy peaking until 2018. Theres a fair amount of Economic Data on the agenda this week. On wednesday lookout for the august import prices. Thursday well get august retail sales and the Producer Price index. Industrial production and the september philly fed survey. And then on friday it is august cpi, thats the key Consumer Price index and Consumer Sentiment also on friday. Keep an eye on the Economic Data that feels like the market is watching the fed speak even closer at this point, especially last week which you mentioned disappointing imf manufacturing and services and the weaker jobs report. And yet the odds of a rate hike move up, but with the fed here in the period, maybe the Economic Data will take a front page. Youre right. But i think today theres no data that fed speak will affect. And Hillary Clinton has been diagnosed from pneumonia. That note was put out by her doctor yesterday after she left abruptly from the 9 11 memorial service. She appeared unsteady and the Campaign Said she was overheated. The clinton spokesperson said she will remain at her home to rest canceling a planned trip to california today. Clinton was diagnosed with pneumonia on friday which started with a cough related to allergies. More on the race for the white house in a few minutes time. Also, the papers are filled with this, the front pages, this is back on the agenda. Todays corporate news, tesla is changing the way the autopilot works following a fatal crash in may. The ceo advised that the cars semiautomatic autonomous mode will use safeguards to keep drivers engaged in high speeds. All the updates will be rolling out in the next two weeks. They say the changes may have prevented the deadly crash in may. They will also explain that perfection is impossible. Listen. There wont ever be zero fatalities or zero injuries. You know, the world is a very big place and theres a huge number of people and a huge number of circumstances. So its really just about minimizing the probability of injury, the probability of de h death, not sort of the illusion of perfect safety. Quickly, well show you the premarket tesla shares under the pressure of the tune of 1 . And hp may agree to buy samsungs printer business in efforts to expand printer business. The deal is subject to regulatory approval. After the deal is completed, samsung agreed to make an Equity Investment of 300 million in hp through open market. Hp inc slipping 1 in the free market. Bridgewater is the largest hedgefund manager attracting 22. 5 billion in new funds to new money for the first time in seven years, this is according to reports. This is a rare inflow in the industry that suffered from poor performance recently. Most of the money went into a new optimal fund started in 2015. While the remainder went into the firms Macro Hedge Fund pure alpha and a programming note on that, dont miss the blockbuster lineup tomorrow at the alpha delivering conference. The summit is produced by cnbc and the Institutional Investors include treasury jack lew, carl icahn and more. Over the last few years, it seems like all we talk about is the poor performance and the outflows. I couldnt agree more. But it is interesting we have had the big selloff and spike in relatively the day before we have the experts to shed light on it. Absolutely. When we come back, much more on the mornings Market Global selloff. We are watching it for you as we begin with the week with volatility. Check out the casualties of the Home Builders xhb index having the worst day in about three years on friday. It was one of the hardest hit. Well be watching that at the open. And not the only thing that stalled out on friday, a lot of things did. The facebook and twitter question today, we want to know how much further does this selloff have to go . Weigh in and well bring you the results later as we continue the coverage here on Worldwide Exchange. Hhh. But with added touches you cant get everywhere else, like claim free rewards. Or safe driving bonus checks. Even a claim satisfaction guaranteeeeeeeeeee in means Protection Plus unique extras only from an expert allstate agent. Its good to be in, good hands. Good morning. Welcome back to Worldwide Exchange. Lets get you up to speed on the market selloff. The big market selloff 2. 5 on friday is expected to stay open to the tune of half a percent. We found a little bit of emphasis in the last hour with futures down as much as. 75 . We are now looking at half a percent of declines with the dow just shy of 100 points as its expected to open down. We look at declines around the rest of the world. The markets are playing catchup to fridays selloff on wall street. Again, we have improved a little bit up more than 2 . Germany and france just shy of that. The biggest decliners over there, the basic materials, also banks. Banks were relative to outperformers on friday. And wall street because of rate expectation, were not expecting to see rate hikes in europe. Banks are still suffering significantly. Asian trade negative. Hong kong which has been on a tear recently suffering the most of over 3 . All of the company on that index are in the red today, were in the red as we closed, down some 3 . Japan and shanghai doing better down some 2 . A quick look at oil prices that managed to be positive for the week as a whole. The energy was the best performing sector finishing the week up 3. 5 . Friday down 3. 5 to sum up the turnaround in Market Sentiment we saw toward the end of the week. And 100 ship containers stranded for more than a week off the coast of Southern California have finally unloaded their cargo on saturday. It was one of four ships blocked from entering or leaving the port of long beach after hanjin filed for bankruptcicy and creditors refused financial said. On friday the bankruptcy judge offered hanjin protection in the u. S. The ship was carrying electronics, furniture and plastic goods. Still to come, decision 2016. New questions about Hillary Clintons health today after she abruptly leaves a public event early and her doctor say shes being treated for pneumonia. But, before we head to break, heres todays National Weather forecast from the weather channels jen carfagno. Good monday morning, sara and wilfred. Its finally feeling like september in the northeast. We have temperatures down, dew points down, and that means the humidity has been scoured out of the area. Well show you the front coming through, much, much better here. The front is stuck in the south to mean a couple showers and storms. There could be a couple thunderstorms today to pack the punch across the high plains. A few spots to watch. Very windy in denver with big temperature changes. 90 yesterday. The 40s coming in the days ahead. Typical denver in september. In the west, nice temperatures in seattle hitting the mid70s again today. In the middle of the country, we do still have the heat hitting 90plus in places like dallas. Thats your coasttocoast forecast. Im jen carfagno. Worldwide exchange continues after this. They say the world does not revolve around you. But today, maybe it can. I am helping 1800flowers find the perfect gift out of trillions of combinations. And working with the new York Genome Center to find treatments as personal as dna. And i am helping sesame street make education unique to every child. Hello, my name is watson. Working together, we can outthink anything. Welcome back to Worldwide Exchange. Well get you up to speed on Market Action, summer is over and volatility is back after a brutal session on friday. The selling continues this morning. The u. S. Equity futures pointing sharply lower. Dow futures down 120 in the early action. The s p futures down 15. The nasdaq futures down 40. Nearly a full percent annuage p. A lot of selling off in bonds as well with yields pointing higher. The tenyear treasury notes hovering just below 170 1. 70. This is on the back of the stronger u. S. Dollar. Wti 45. 20. Brent at 47. 40 down 1. 3 . Wilfred . Thank you. Well move on to politics. Hillary clintons health is becoming a real issue in the president ial campaign. Meanwhile, donald trump is catching up in the polls. Nbcs tracie potts joins us with all the latest. Good morning. Reporter good morning, wilfred. They are actually deadlocked in four battleground states. But the big news this morning, Hillary Clinton recovering and resting at home in chappaqua, new york, canceling Campaign Events after a Health Square was caught on video. This video of Hillary Clinton leaving the 9 11 memorial clearly unstable in needing assistance is raising questions. Her doctor says she got overheated and dehydrated two days after being diagnosed with pneumonia. Congressman joe crowley was standing right behind clinton. It was hot and stifling. People very tight, inches from each other. Reporter clinton later e merged. Its a Beautiful Day in new york. Seemingly better after resting at her daughter chelseas apartment. Are you feeling better . Yes, thank you very much. Reporter but she canceled two days of Campaign Events in california. Shes had Health Issues before. A coughing fit last week that her doctor attributed to allergies. In 2012 she also became hydrated, fainted, got a concussion and had a second blood clot. Donald trump just questioned her st stamina, but little is known about his health history. Now the reason this is such a big issue is because trump is 70, childrenton will be 69. Neither of them have released their full medical records. In the meantime, as we continue to watch the polls, donald trump has become competitive with Hillary Clinton. And shes become competitive with him in states that are traditionally red or blue. So right now the polling is showing in arizona, georgia, nevada and new hampshire, they are pretty much neckandneck. I think the bigger deal is shes going to have to Cancel Campaign trips and events in light of the polls tightening up, right . Reporter yeah, two fundraisers in california, actually, three, were supposed to take place over the next two days on monday and tuesday. All of them are canceled. On wednesday, we dont know her schedule. They are probably still evaluating, but monday and tuesday are out. Tracie, in terms of wild card factors that could derail their campaigns, how big is her issue of health . Is it up there alongside the email scandal . Reporter i dont know about that. Certainly because it is in context of a Previous Health issue that is getting a lot more attention. If its pneumonia and bacterial and gets over