Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Courtney Reagan at the New York Stock Exchange Morgan Brennan has the morning off. Jon fortt is live at the made by google event in new york with new hardware announcements expected more from jon on that in a moment we got s p 3 k, First Time Since september 19th we start with libra, down to 21 partners as seven founding members depart facebooks crypto association. Kevin delaney and michael ferda. Good to see you. This was quick the tepid announcements of support and poof why . You know, whats happening is that facebook wants to launch this currency which is basically a Payment System what theyve run into is sense that regulation would be aggressive parking l partners sent squish ee letters of intent and exercised their right to back out. Facebook says they have 180 partners they vetted but we have seen visa, master card, stripe, paypal drop out. Thats a big blow for some ambitions. Thats the important point. That
Central banks are a primary focus, an seen the initial focus this week. Ecb mario draghi is due to address people in sintra in just a moment well stay tuned for that piece coming up in a short while the Federal Reserve is expected to keep Interest Rates on hold at its twoday policy meeting that begins later today. Invest and economists said there remains a high likelihood of a rate cut later in the year analysts from bank of america, jpmorgan and bmo forecast the cut in September Jpmorgan and bmo said they also expect another move in december. Goldman sachs and citi, they dont agree with the assessment. They say their best case is that the fed will take no action at all in 2019. Theyre calling for a cut in june, so thats tomorrow well see what happens here in europe, the ecb flagged it will postpone any rate hike until the middle of next year. Low inflation has hampered the eurozone in recent years and the central Bank Launched a fresh round to boost the central bank. Annette joins us
And jack lew. Brendan it is like the president and harry reid. They are all members of the same party. It is more who is responsible for the party. Tom i want to know about the german parliament. As move on to top headlines. He was vonnie quinn. Vonnie good morning for you later today the Federal Reserve is releasing minutes from last month policy makers meeting. Investors are waiting to see whether there is a consensus that september is the right time for the first Interest Rate increase in nine years. More than 75 of the economists surveyed say the fed will raise race will raise rates. The annan has devalued vietnam has devalued its currency for the third time this year. The government wants to make sure that exports continue to grow. Biggest trade its partner for at least eight years. Lawmakers in germany appear ready to back a third greek bailout. Angela merkel lobbied members of the lower house of the german parliament, trying to keep members from voting against the 95 billion aid
God knows how this ends, not me. But i do know this. This disease has never had a more worthy opponent. Maria moore and senator mccains diagnosis coming up is senator trump lashing out at Jeff Sessions. The commanderinchief telling the New York Times he would not have appointed sessions as attorney general had he known sessions would recuse himself from the russian investigation. The fallout from those comments coming up this morning. California wildfires explode inside the growing dangers 2000 firefighters struggled to control 50,000acre blaze. Apple turning pro for its next iphone. Details of what you could expect this fall in the new phone. Markets this morning coming off of another record high that looks like the gains continue this morning. Features syndicate and how investors are better than 10 points. Also in the green. Europe stocks are higher as well. The ecb decision on magistrates this morning had that likely will set the tone for markets. The dax index in germany up one hal