(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) The impact of the election, rates and earnings on markets were debated today. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. Worldwide Exchange Word of the Day: Countdown Katrina Dudley of Franklin Templeton thinks election uncertainty is a major factor in the markets potentially snapping a six-week win streak. “We don’t have anyone that is a clear winner here, and that’s creates volatility, and volatility is really what is driving the market at this moment and those concerns are being reflected in stock prices,” said Dudley on “Worldwide Exchange.” She added that, regardless of the winner, the Federal Reserve and government spending will be key factors for both equity and bond investors. “We think this cutting cycle is going to be shorter than the market is expecting and shallower than the market is expecting,” said Dudley. “We do think we need to start thinking about fiscal deficits and what that means for economy and treasury market.” Pegasystems in focus Pegasystems shares are more than 8% higher week to date following earnings. On top of that, the AI decision making and workflow automation software company counts Wells Fargo, Verizon and T-Mobile as customers. It was also named a top AI pick by Citi this month . CEO Alan Trefler appeared on “Worldwide Exchange” to discuss outlook for the future of his business. “We have positioned ourselves in a very pragmatic and practical way,” said Trefler. “We have implemented a new capability called ‘Blueprint,’ which allows a customer to use AI to really rethink their business operations.” “The Blueprint application has taken what we have historically done for 40 years to automate workflows in mission critical enterprises and do them with the business and IT teams really collaborating and working together on a common AI driven canvas,” he added. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor. “We think they are going to be choppy similar to the U.S. If you look at the next couple of months and growth is able to pull through for some of the markets beyond China, when you look at India and Brazil, maybe China is not a driver of performance of emerging markets,” said McKnight on “Worldwide Exchange.” “[But] at the end of the day, it’s still the 800-pound gorilla. We need to see stimulus stick and we need to see the Chinese government continue to invest back into the economy,” he added.
