You very much, and welcome to our 13th virtual signature events of our 35th season. I wanted to thank all of you for joining us, we have with this today and number of special guests that i would like to mention the investor from singapore, we also have members of economic members of detroit, we also have members of economic of new york, and we also have a number of people who are members and our members guest. Thank you all for joining us. Today were going to have a Congressional Panel that are going to have medical panel. Our congressional pana, i will talk about us number of subjects including the recent attacks on the us capital, the political environment, security measures, and the way for to national unity. The two members that we have are very honored that are joining us today Debbie Debbie dingell brooks in the 12 district of michigan and shes a democrat and tom reed representing the 23rd district of new york hes republican. And i will give them a more formal introduction in a m
You very much, and welcome to our 13th virtual signature events of our 35th season. I wanted to thank all of you for joining us, we have with this today and number of special guests that i would like to mention the investor from singapore, we also have members of economic members of detroit, we also have members of economic of new york, and we also have a number of people who are members and our members guest. Thank you all for joining us. Today were going to have a Congressional Panel that are going to have medical panel. Our congressional pana, i will talk about us number of subjects including the recent attacks on the us capital, the political environment, security measures, and the way for to national unity. The two members that we have are very honored that are joining us today Debbie Debbie dingell brooks in the 12 district of michigan and shes a democrat and tom reed representing the 23rd district of new york hes republican. And i will give them a more formal introduction in a m
Toolbox, but there are no plans to use them. Since the decision, we did see the market pare back a little bit, pricing around negative rates. Bailey also saying the bank of england forecast has an unusually large downside skew. The reaction, the pound suggests the market took the boe forecast as pretty robust. 1. 3172. Dailey also says it is hard to draw a conclusion from the bank of vacant forecast and we must be careful not to over interpret faster indicators. Hes speaking in a briefing to journalists right now, saying the boe could use like forward guidance, negative rates of the toolbox. Tom it looks like it is moving the market with lower Interest Rates seen across the u. S. Sterling on a tear, 1. 31 69. Look for our conversation with the governor of the bank of england. Francine lacqua and the governor, 8 00 a. M. New york time, 1 00 p. M. In london. She has some very in pointed she has a very pointed questions from our economics team. From news in new york said he, ritika gupta.
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv
Markets in hong kong, united kingdom, germany and france all closed for easter monday. If you want to take a look at crude oil. Down by 44 cents. Wti looking like its trading at 52. 74. If you take a look at the currency markets, the florida is down. Dollar yen at 108. 28. The yield for the tenyear sitting at 2. 205 . A lot of things on the economic agenda today to think about in addition to geopolitics and whether youre willing to get 10,000 to get bump on a department that flight. Today, the National Association of Home Builders puts us its survey. Tomorrow and then wednesday, weve got the feds, facebook followed by the survey on friday. Friday, existing home sales. As for earning, heres what turns out. Nine dow compovnent and 63 s p 500 Companies Reporting this week. Netflix out for the day. Goldman sachs, morgan stanley. Other big names, united health, j j, ibm, travelers, verizon and ge. Also President Trump set to fill a key post. Randy quarles is expected to be named the feds vi