Jerome powell here in york, pennsylvania last year, some relief. Shes Been paying a higher rate on the Credit Card she uses to fund her Business. My Interest Rates have gone up, so my monthly payments have increased tremendously, so i would like to see the Interest Rates come Back down. Whenjerome powell visited this market, the Federal Reserve was watching closely to see if its Big Interest Rate hikes really were cooling inflation, even though it was tough and small Businesses. Thats aBout to change. Mr powell and his colleagues are set to Interest Rates. In york, the arrival of autumn marks a change. After raising Interest Rates 11 times, americas Central Bank is all But certain to unwind that, But how quickly they go down from here is still up for graBs. Perfectly like this on your porch, and then we price it less than picking up the pumpkins themselves. At this farm shop, the reBirth of the economy, as inflation falls closer to the feds official target of 2 , is yet another moment
White house and pelosi ibm reported after the close yesterday. Another hopeful update on the vaccine front. Modernas ceo telling the wheat journal his companys account to get emergency use authorization next month. 59 minutes left of trading up just shy of 1 on the s p 500. Coming up todays show, a nearby chopra weighs in on todays google antitrust suit from the department of trust we will ask him whether the government has a strong case against the company. Plus earnings. Netflix, texas instrument, Interactive Brokers and snap all gearing up the report results this afternoon we will bring you all the numbers as soon as they hitting with analysis. We will talk with Interactive Brokers chairman thomas petersfy. Mike santoli is tracking the market action. Ylan moi with the justice diplomats antitrust lawsuit against dealing. And we will constitutes the stimulus negotiations before the deadline to get it done before the election. Mike, start us off on the market a partialal recovery from
Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
Caffrey judge to achieve the maximum reduction in the our number with the minimum damage to lives and livelihoods i want to stress that this is by no means a return to the full lockdown of march were not issuing a general instruction to stay at home we will ensure that schools colleges and universities stay open because nothing is more important than the Education Health and well being of our young people we will ensure that businesses can stay open in a coded compliant way Libyas National Oil Corporation says that its restarting some production of exports libyan warlord Khalifa Haftar had imposed a blockade on Oil Facilities since january but announced an end to it on friday the state oil company says there are no longer any full fighters or foreign mercenaries in honey in the east a break in the center of the country so production can resume. A draft bill that would amend the sri lankan constitution to give the president extra pause before parliament if passed it will president rajap
A suspect in that case there is no word that there is any other suspects and if you look behind me we had expected to be in that square but police told us if we were there that we would be arrested along with hundreds of other demonstrators who are in that square being cleared out by police on horseback and on foot and if that happens you you end up in those cuffs that weve seen so many people here wearing as a matter of fact if you look just over that direction there is a gentleman who just tried to walk past the police line and they said no its curfew and thats where hes ended up for the evening and we have seen police here respond in a much stronger way than weve seen in other cities they give an order to disperse and then they just start arresting people in this case they launched flash bang grenades and cleared this square with people in riot gear so police here are taking things very serious u. S. President donald trump has again refused to commit to a peaceful transfer of power