Europe here. We initially saw quite a negative story coming out of europe. In the United States, maybe some stimulus talks helping propel the story a bit higher. The s p up by over 1 . The euro has come back. It is still negative on the day. We did have a 1. 16 handle. We now have a 1. 17 handle, but we have seen continuing dismal inflation data out of the eurozone. Yesterday was germany. Today it is france. A 0. 6 print. We get the final number friday. Alix totally different from the u. S. , in that we are able to generate some inflation. Christine lagarde with her strongest signal that the ecb will change its goal. She said it may be worth examining a strategy that allows inflation to temporarily rise above the target rate, similar to the feds shift. We need to thoroughly analyze the forces driving inflation dynamics today, and consider whether and how we should adjust our strategy in response. The anchoring of fixed rate expectations might have loosened. The wider discussion today i
Well. Its wednesday, february 6, 2013. Squawk box begins right now. Good morning, welcome to squ squawk box on cnbc. Becky quick is under the weather. Hope you feel better. Joe is off, steve leaseman here, as well. Our guest this hour, Yahoo Finance senior columnist steven kohey. A lot to discuss about the markets. Stocks rallying to wipe out most of the previous session losses. Check out the socalled ear gauge. The vix as we call it, tumbling below 14. Then in the next hour, something a little different on squawk box this morning. Were going to be joined on set by three wellknown names on wall street. Blair ephron, roger altman. And honeywell chief david cody y. These guys . All three have been sitting in on regular Conference Calls with the white house. Theyre among the leaders the Obama Administration is turning to for advice on everything from the deficit to taxes to the broader economy. Then, after we talk to them, theyre going to paint a picture for us, were going to turn to two