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CNBC Squawk Box August 10, 2009



good morning. no dog days of summer here. the bulls taking charge, turning in a positive start for august. fed for thought. the central bank preparing for a two-day meeting this week. and a crude comeback as squawk box begins right now. good morning, everybody. welcome to squawk box right here on cnbc. i m becky quick along with carl quintanilla. joe s off today. he ll be back again tomorrow. that is when we begin a two-day policy meeting for the federal reserve. the central bank is widely expected to leave its key target lending rate near zero and suggests that it is likely to remain there for sometime. market watchers are going to be looking for signals on the fed s other programs, like its attempt to drive down rates on mortgages by buying u.s. treasuries. carl, this will be something we re watching closely after what we heard from the bank of england last week on quantitative easing. why would the bank of england print $85 billion more? on a pound basis, ....

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