U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets.

MORNING SQUAWK APAC Thursday October 20 2022 AS OF FRI, OCT 21, 2022 • 11:06 ET S&P 500 Close 3,665.78 -0.80% -29.38 S&P 500 Futures 3,666.25 -0.24% -9.00 10-Year Treasury 4.231% 0.00% +0.005 UK Prime Minister Liz Truss resigns after failed budget and market turmoil U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets.   More » With UK leader Liz Truss quitting, here are the top contenders to replace her Liz Truss resigned as U.K. prime minister Thursday, sparking questions about who could be next in line to replace her. More » China markets about flat as Asia markets fall; yen at 150-levels Shares in the Asia-Pacific mostly traded lower on Friday as investors await inflation data from several economies. More » What China's big party congress this week means for the economy The twice-a-decade Chinese leadership meeting this week has implications for which parts of the economy will receive support or pressure, Natixis analysts said. More » Yields are popping. Here's how you can jump on the 'short-lived' opportunity, according to analysts "Bonds may now offer more ballast against volatile equity positions — an added boon in case of recession," says one strategist. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 09:30 JACK SIU                                           CREDIT SUISSE, CIO Greater China                                        China markets  10:30 PAUL SANKEY Sankey Research, President and Lead Analyst                      Oil  12:00 JAMES MORTON               Santa Lucia Asset Management CIO                                         Global Markets        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