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A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trad ....
Working to offset the negative rates. The impact which we have seen in august and september. That is challenging, no doubt. We acted decisively and we are passing on part of the negative Interest Rates to our clients. Saudi arabia says the kingdom is not running low on cash despite Falling Oil Prices and disappointing size of the aramco ipo. If you look at our money and balance sheet, it is not only deposits, we have a lot more as ets. British Prime MinisterBoris Johnson promises to rip up the eu rule book if he returns to power. Selling the conservatives are on track for a workable majority. There is no doubt that the uks reputation as a haven of stability has been dented by this experience. You can see already a lot of red. The hand overfrom wall streetd and e ....
Far too fast an increase and far too slow a decrease. But we all make mistakes, dont we good wednesday morning, welcome to squawk alley. Im carpal kwinquint nilla with Morgan Brennan fed chair powell is expected to testify in just a few moments. Well bring you his testimony in full once it begins. Ahead of that weve got every angle covered. Steve liesman, rick santelli, bob pisani, tom porcoli. Fed chair powell is telling joint congress that rates are on hold unless there is a big change to the outlook. The operative sentence, we see the current stance of Monetary Policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our policies of moderate economic growth. What would it take to change course developments that would cause a material reassessment of our outlook, which is say the bar is kind of high bmo writin ....