Week for the economy. The brexit vote, yellen on capitol hill coming up. Redstones made their big move last week, the latest on viacom and the nearterm future of a company that could come down to a Court Decision in delaware. And big weekend for disney. Some Box Office Records and game seven as you know for the ages. First up though stocks rallying around the globe on hopes for an antibrexit vote on thursday. A new poll by survation says 45 remain, 42 leave, but if you take all the polls together, still about a dead heat. Earlier this morning on squawk, black rock on the markets as we count down to thursdays vote. I think youll see more fiscal policy stimulus. If thats the case i do believe well see more inflags because we still have 4. 7 to 5 unemployment. Going to create more job demand and more wage inflation. If we have these infrastructures spent here in the uk, other places, i believe thats the beginning of another leg of a rally for equities. Definitely shows the hypersensitivit
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Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off. But if policymakers are hoping banks will help avert recession by turning on their own lending taps, they could be disappointed, .
Bank stocks and financial sector-related exchange traded funds are finding it harder to slog through the growing fallout from the Russia-Ukraine war, surging inflationary pressures and the Federal Reserve's tightening monetary policy.