End. Reversing what we saw last week, 128 handle on the cable rate. We saw bank of england pushback earlier. Eurodollar, we are trying to get a 116 handle. 11645. The virus is setting the tone for growth in europe. Global covid19 cases are topping 33 million. We are nearing one million in death. Angela merkel warning germany could face more than 19,000 cases by christmas. The u. K. Health minister refused to allow more restrictions despite lawmakers pushing back against government curbs. Joining us from brussels maria, what have we learned about restrictions from different governments . We havent really seen anything new except for what was already announced last week. It has deftly changed in terms of perv Public Perception and tone. Story making headlines across europe is that warning from Angela Merkel that she is concerned about the virus. She is concerned about the number of cases we could see heading into winter and flu season. You have that number narrow there at 90,000 perhaps
Far too fast an increase and far too slow a decrease. But we all make mistakes, dont we good wednesday morning, welcome to squawk alley. Im carpal kwinquint nilla with Morgan Brennan fed chair powell is expected to testify in just a few moments. Well bring you his testimony in full once it begins. Ahead of that weve got every angle covered. Steve liesman, rick santelli, bob pisani, tom porcoli. Fed chair powell is telling joint congress that rates are on hold unless there is a big change to the outlook. The operative sentence, we see the current stance of Monetary Policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our policies of moderate economic growth. What would it take to change course developments that would cause a material reassessment of our outlook, which is say the bar is kind of high bmo writing the chair stayed true to the patience script, confirming that rates are likely in an extended Holding Pattern p
Great attendance with the wonderful diversity in her field. But today we come to one of our two major events of the year, our summer signature program. And i need to think to friends who sponsor and made todays great event worthwhile. First of all my friends and forum. In forum is a research and consulting progra firm that hasn open for 52 years and very much embodies the great tradition of innovated Economic Research at the university of maryland. Secondly our friends at the National Association of realtors, since 1908, they have been the voice of the Real Estate Community of washington and provided valuable Economic Data and research and the critical sector of the economy. With that in mind, with those organizations supporting us and with the large and distinguished audience behind us, we have come to a moment and i have to tell you, i cannot imagine a better marriage of a moment and a speaker then what we have today. Jim is really a man who embodies best the bark field. One of the j
I am this years president of the National Economist club and im happy to say we are having a banner year. Our Weekly Lunch Program is enjoying great attendance. We have a rich diversity of speakers that reflect the wonderful intellectual diversity in our field. Today, we come to one of our two major events of the year, our summer signature program. Friends, twonk two sponsors who have made todays great event worthwhile. First of all, my friends at um, a research and Consulting Firm that has been open for 52 years and embodies the great tradition of innovative Economic Research at the university of maryland. Our friends at the National Association of realtors. Since 1908, they have been the voice of the Real Estate Community in washington and have provided some invaluable economic data, Economic Research. Mind, with those organizations supporting us and with this large and distinguished audience behind us, we have come to a moment. And i have to tell you, i cannot imagine a better marri
[indistinct conversations] ladies and gentlemen, welcome to the press club and welcome to the National Economists club 2019 summer signature event. I am cliff waldman, this years president of the National Economist club. I am happy to say that we are , our weeklyter year Lunch Program is enjoying great attendance, we have a rich diversity of speakers that reflect the wonderful intellectual diversity in our field. Today, we come to one of our two major events of the year, our Summer Signature Program and i need to think two friends, to bank sponsors who have made todays rate event worthwhile. Inforof all my friends in um. A researching and Consulting Firm that has been open for 52 years and embodies the great tradition of innovative Economic Research at the university of maryland. Secondly, our friends at the National Association of realtors. Since 1908, they have been the voice of the Real Estate Community in washington and provided some invaluable economic data, Economic Research and