a year, with businesses also in line for help. it s expected to be funded by £100 billion of government borrowing. in germany, the government has already brought in subsidies for low income households along with other measures, costing about about 60 billion euros which is £51 billion. injanuary, the french government forced the state owned energy provider to cap wholesale price rises to 4% for a year and they also brought it other measures. that s all expected to cost 45 billion euros which is £38 billion. but of course today we ll find out more about the support there you go, darling. this lunch club in peterborough provides much needed help for people struggling with cost. it s not uncommon that i get to the last two weeks when i waiting for the 15th when i m going to get paid and i ve got barely anything. the basic necessities. i don t get paid until next week and i ve literally got £4 of electric left, so i ve got to scrabble around because i m on a prepaid metre. i
The japan has struggled to shake off the impact of last april. Shinzo abe is expected to put off another tax hike to next october. The tax may not be imposed until 2017. Of more a lot of talk sanctions on russia. European Foreign Ministers are meeting today to discuss expanding a list of individuals being targeted. Meanwhile, russia hospiras in a, Vladimir Putin, left the g20 they toldposco prudent to quit arguing quit Arming Ukrainian rebels. At one point he ended up leading lunch by himself. He was Prime Minister David Cameron. If he continues to destabilize ukraine, there will be further sanctions, further measures, and a different relationship between European Countries and america on the one hand and rush on the other. Guzan says he left brisbane early to be at work this Vladimir Putin says he left brisbane early this morning to be at work. He said it is a long flight from moscow and he needed sleep. Families of those killed or injured in crashes with faulty ignition switches will
Building permits, and housing. 9 45, the Bloomberg Consumer comfort index. Earnings, oracle and red hat after the bell. The senate votes on whether to appropriate funds for the training and arming of syrian rebels. Petro poroshenko is addressing congress. He is going to congress in an appeal for support. Some pageantry there. I thought the headlines were pretty perfunctory out of ukraine. In what sense . Nothing like bombing or missiles are people dying. Will beder what putin doing as Petro Poroshenko meets with obama. There is a ceasefire there and people are still dying. Lets do a data check. Something off of the janet yellen comments. Futures up 8. 10 year yield higher. Currency markets really show the move. Eurodollar 1. 2873. Hydrocarbon churn. Brent crude, under 100. Vix, 12. 68. Weaker 108. 67. A gold, massive support at 1200. On the watch for a break of support of gold. Were t that point. Pairs. The major Asian Financial crisis as seen through the relationship of south korea an
Good morning. Central banks on center stage. The boj announcing that its keeping policy unchanged. Up next, we have decisions from the ecb and the boe. Plus, were still trying to rise above. Well see. President obama and republican senators break bread and discuss solutions to the nations fiscal crisis. And another day and another record and close. The dow and the s p 500 are now starting squawk box. Its thursday, march 7th, 2013. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen. Andrew ross sorkin is in new york today covering the warden economic summit. Andrew has a number of great guests who are lined up with him. Well have more from him in just a moment. Also todays lineup. But fist, the mornings top stories. The bank of japan keeping Monetary Policy unchanged today. That is as expected. The bank of Japan Holding its fire to wait for new leaders who are expected to shift bolder measures. Policymakers are revived softens. And the yen