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That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobi ....
1 ,s p up by nine tens of tech leading the charge. European markets underperforming but the ftse 100 pushing on gains over the last hour. Most european markets gained early than flatlining into the afternoon. We are seeing a bit of a return to the dollar this afternoon, still trading at the 118. 119 earlier on and security markets continue to be in focus as the ecb suggests there may be rates that could be cut further. Lets start off our conversation on the u. K. Labor market which took a turn for the worse in july. Total job losses climbed to nearly 700,000 since the start of the pandemic. Tois considering plans support jobs as per the government cost Furlough Program ending next month. Businesses need support which is why many of the intervention we have put in place lasts the last through the next year. I have not hesitated to act and create effective ways to support jobs and employment and we will continue to do so. From bru ....
The democrats a multitrillion dollar socialist manifesto. Jonathan it is going to be a mess. Republicans negotiating with themselves, simultaneously negotiating with democrats. Tom its got to get to the end of july here. Kevin cirilli, we will talk to him through the morning, but the calendar urgency here is extraordinary. Jonathan as this week grows older, this week its a whole lot busier. Lisa we are heading into the fed meeting today. At 10 00 a. M. , we get Consumer Confidence data for july. Very interested to see how much this has been affected by the end in pandemic cases across the country. Starbuckst, visa and reporting earnings. 10 of s p stocks report results today for the second quarter, another eight percent tomorrow, 12 on thursday, so a big earnings week. , hashing out the stimulus. I am really interested in the mechanics of it. Shifting to the house, demanded to take that 200 of additional stimulus the republic ....
We are going to talk to the cio of capital. It with some of the atlantic you want to put your money in . We will talk about that in the United States. U. S. Labor market continues to be a big focus. The jobless rate is 10. 2 . Ofs is quite a bit shutdowns, a lot of hotspots. Jonathan ferro talked to larry his take in that. He was raising that point about the hotspots and how good he thinks this number is. Is july 20. Thesurging hotspots in south and west in other places began in the back end of june and lasted through july. There was some pullback of reopens. 1. 8 million. That was a big decline in the Unemployment Rate. This will move the Single Digits easily in the summer and fall. That is larry kudlow talking to Jonathan Ferro earlier on. Larry kudlow is trying ....