Former U.K. Prime Minister Boris Johnson will not take part in the contest to replace outgoing leader Liz Truss.

MORNING SQUAWK APAC Sunday October 23 2022 AS OF MON, OCT 24, 2022 • 09:52 ET S&P 500 Close 3,752.75 +2.37% +86.97 S&P 500 Futures 3,782.00 +0.48% +18.00 10-Year Treasury 4.211% 0.00% -0.001 Former UK PM Boris Johnson pulls out of leadership race to replace Liz Truss  Former U.K. Prime Minister Boris Johnson will not take part in the contest to replace outgoing leader Liz Truss. More » China's leadership reshuffle puts greater weight on relations with the U.S.  Foreign Minister Wang Yi joined the new Politburo, the second-highest level of power, state media announced Sunday.  More » China names Xi Jinping loyalists for core leadership group In remarks Sunday, Xi emphasized the Party's leadership in "a new journey to turn China into a modern socialist country," according to an official translation. More » Asia-Pacific markets rise; Japan's yen weakens despite reports of intervention Asia-Pacific shares climbed on Monday after U.S. stocks soared on Friday on a report that some Fed officials are concerned about tightening policy too much. More » Oil could rise or fall — and these energy stocks are winners either way, portfolio manager says Foord Asset Management's Brian Arcese shares a "great way" to play the energy sector. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 08:30 RAYMOND YEUNG                   ANZ, Chief Economist, Greater China        China Economy + CPC   09:45 ANDREW TILTON            Goldman Sachs, Chief Asia Pacific Economist   Asian Macro/China CPC            12:30 ALFRED WU   NUS, Associate Professor, LKY School of Public Policy        China Party Congress  Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS