interest rates to remain very low for at least 3 years maybe longer andrew powell is warning about very long term effects of this virus especially for many workers and many industries what about the bank of england can we expect action from that side of the atlantic the bank of england is definitely and a bit of a different position than the u.k. economy is not recovering at the same speed as the u.s. they had a 20 percent contraction in the 2nd quarter the steepest of any developed country and now the u.k. is it is facing a lot of uncertainties the threat of a no deal bracks that has has come back and is becoming quite real for a lot of investors for a lot of businesses for a lot of workers at the same time the u.k. is unemployment schemas such to expire at the end of next month so they have a much more uncertain outlook they likely will have to signal to investors to economists that they will have to include more stimulus in the months of had to do to help the economy shows you plenty for us in frankfurt thank you. japan's central bank is sticking to its true loose monetary policy to

former fbi attorney andrew mccabe is slated for october 6th on entrapping general michael flynn. the lawyer for general michael flynn sidney powell live at 8:00 a.m. eastern. markets showing firmer tone. s&p 500 higher by 30 points. wednesday marks it final trading day of the month and third quarter. we've got a look back and a look ahead. friday saw a day of green largely boosted by a technology stock rally. pushed nasdaq in positive territory for the week. nasdaq up 240. 2020 election is over a month away. both candidates are preparing for first debate of the season tuesday night. we will preview. white house press secretary kayleigh mcenany is here with the latest. plus president trump's pick for the supreme court and its impact. amazon prime day revealed. new date on when you can score the best deals for holiday shopping season. keeping it real paltrow making a buzz this morning. global markets this morning are having a firmer tone. take a look at european indices here. dax index higher by 305 points this morning. 2 and a half percent boosted by investor optimism. banks higher this morning. asian markets mostly higher as well

. >> but what would be the tipping point at which then you think that powell puts his foot on the brake? >> you know, andrewbout what drives business today or drives the financial systems, everybody has a return target. that return target doesn't really change. you think about what your liability stream is, what your irr target is. so i've got to hit a return target how am i going to get there? what are the tools that i have to get there you think about what happened years ago, the financial crisis and otherwise. when you keep rates low for too long, it will create leverage building up in a system, it will create stress in terms of overpurchasing of assets at the wrong price. listen, i think the equity market is where a lot of the income is today. the fixed income market, there are parts of emerging markets, but the equity markets is where all the income is today. we look at some of the dividends being paid out to free cash flow yield generation, but then it's going to get overdone. >> but just to put a fine point on it in terms of the valuations, you think even tech valuations today are very much within th