to us said quarles you know i believe in god. i didn't mean to be in front of my toes or whatever. and. yeah. yeah and outside of my system i want to. know and i'll be using it i used to do whatever i want to do is did you. say i don't like to do to requote but i like to be instruments and be thinking about what we did what i want to step in my skills more. am i. right about. that about well. didn't he. chaired. the life a new thing. when. he could let that he could let this as fact. keeps. tires. i want to be back there what. i love. doing in future. because you know. the noon percy holds a children's dance club in the courtyard of his home. already a finely tuned. festivals. prince is already an artist. they play football. a lot. because whereby you know. even though it's. in football because it's also a form of gymnastic work and also from boys or from off to monastic. we. which means you can. dance in. all of them god you know how to ask. some know how to do for the army or to join them. to get out to make some question as for you to. put boys their profession and a lot of mone

conquer over their main answer like stuff like a mullet that you would quarles. big loaf greek conquer soul that is if military for sure are on a suitable journeys but if it means we have begun to lose nothing because of beauty but it's a little bit generous we have no relations. and misty international has issued a damning report condemning the french government's brutal suppression of protesters it also alleges that the right to free assembly is being violated you show the duty with more. amnesty international doesn't hold back in this report accusing authorities of using oppressive laws in the period pre and post the code 19 locked down thousands have been arbitrarily fined arrested detained and prosecuted for peaceful activities which should not be considered defenses peaceful protests have been banned under draconian kovan 1000 powers and hundreds of protesters find the report says that despite the coded lockdown ending in may a barrel all public gatherings of more than 10 people remained in force it claims that this was disproportionate given that other lau

concord or over there are many and like stuff that you would quarles. big loaf greek. so that is if may be true for sure i know what i said above journeys but if it means we have begun to lose nothing because of its beauty but it's a little bit of noting lesions. donald trump and joe biden have locked horns in the 1st u.s. election debate of 2020 earlier my colleagues daniel hawkins and don quarter discussed the presidential clash which was a chaotic affair with no shortage of insults and interruptions. listen respectfully to each other's opinion i'm not here to call others lies everybody knows he's a liar levy used the word smart with me though never used that word to me because you know what it is nothing smart about you would you should excuse the one who saw your number to know he's putin's puppy i get my time back if you are interruptions i'm appealing to you sort of do get him to well frankly you've been doing more than a lot of the children but he does plenty well less than what he's just shush why do you do it all that i want in their lives when i fight on your

news & world report, jack white, correspondent for time magazine, norma quarles, correspondent for nbc ,

mondale. >> miss norma quarles? >> by president bush, the last three republican administrations, eisenhower, nixon, and ford, none of them are soft on communism. they met with the soviets and got agreements on arms control. the soviets have not changed that much. can you tell us why president reagan has not met with the soviet ministers at all? and only met with foreign ministers less than a month ago. >> yes i can. the -- you mentioned that meeting. they were broken up under the mondale days. there have been three separate soviet leaders. during their -- in three and a half years, three separate leaders. the soviets have not been willing to talk. we are the ones that went to the table and we had a good proposal. it was a moral proposal. ban an entire generation of intermediate nuclear force weapons. if you won't, don't leave your allies in europe in a monopoly position. the soviets with 1200 of these things, the alliance with none. we didn't think that's a way to deter aggression and keep peace. the president went,

quarles made an announcement yesterday.is is something that certainly get investors' attentions. earlier in the year, the fed suspended buybacks for banks that have over 100 billions in assets and put dividends on a formula they somewhat there over $100rmula -- billion in assets and put onidends on a formula based what their capital assets are. the fed is looking out and saying that is a possibility, and we want to make sure the banks are adequately capitalized, so they voted to extend that yesterday for another quarter. the banks have already said they are expecting huge loans. you look at the j.p. morgan chase, citigroup, and wells aside billion dollars. tom: is jamie dimon having a tantrum with his team because he is rock solid, and seven other banks aren't? are they just bundling them in altogether? michael: every bank is not equal, and the largest banks have the largest systemic risks to the economy, but in general, the fed says the banks are well-capitalized and it shouldn't be a problem. thomas barkin told us that ye

i am particularly interested in vice chair of supervision randy quarles.e came out yesterday and said the treasury market maybe too big at this point for the fed to step away, and will need to have a material role in the functioning of the market forever to come. p.m., these 8:00 dueling town meetings between former vice president joe biden and president trump on abc and nbc effectively. very interesting. the virtual debate not happening, but now we have dueling townhall's come up with questions about how people will get to view both of them. jonathan: we will talk about that no doubt later in this hour. let's get to the price action this morning. shaping up as follows. equity futures breaking down. big losses in europe. at one point, the dax was down more than 3%. the s&p right now, down 0.9%. in europe, where i wake up at 4:30 local time -- tom: oh, please. here we go. [laughter] jonathan: just throwing it out there. gabriela santos has been trying for five years to transfer to london for j.p. morgan so she can do the ferro act. jonathan: it's a lovely b

rida,e getting cla quarles, and barkan. on the fiscal talk side, u.s. treasury secretary steven mnuchin speaking today at the milken institute conference. interesting to see whether the republican leadership is getting on board with president trump and his proposal at this point. it seems like that fisher is getting -- that fissure is getting more entrenched. jonathan: we understand secretary mnuchin will be going to the middle east week. so if you are hoping for some big talks on capitol hill around the fiscal side of things, secretary mnuchin might be around. tom: but again, i go back to what you said, 20 days to go. every election changes as you get into this stretch in late october. of course, this is a unique election. we can all agree on that. there's 20 days to go, and it is heating up. what are we going to see 24 hours from now after another day of campaigning? jonathan: couldn't tell you. feels like a lifetime. let's get to the price action this morning. equities just starting to turn lower in the last hour on the s&p 500. negative six, down a

we've got loretta mester, neel kashkari, tom barkan, randy quarles, and jim bullard all today. every day it seems like they speak more and communicate that much less. we are going to hold rates low. the question is just the threshold to further stimulate. then come append to your bloomberg -- then, pinned to your bloomberg terminals, the fed beige book. how much has the spread of the pandemic really trickled into economic readthrough to consumer confidence, to business confidence? perhaps we will get a picture. jonathan: this will become -- this has become my favorite part of the show, lisa telling us what is to come throughout the day and why it doesn't matter. [laughter] tom: there's no other way to put it. the beige book, i never put a lot of emphasis on. it is very dated. but every once in a while, there's a tea leaf there. really, how the beige book folds into the earnings expectations, and a little bit darker here off of ibm a few days ago and the netflix joy last night. a quiet: it's got to be wednesday morning for me to even pretend to be excited about the beige book. i

it is also chairman powell and randy quarles at the fed.r them say the outlook is still uncertain. i think they will know if the fiscal spend does not come through and we have to wait a while for more fiscal spend. we will see upticks in losses. you need a little more time before the outlook for the economic situation narrows enough for you to say i am positive they can release reserves. i think reserve relief in the way we model it is not until delinquency stabilizes, that is the second half of next year in our books. guy: let me bring you a headline. larry kudlow speaking on foxbusiness saying the president has approved a revised stimulus package. obviously they are still trying to figure out exactly what is happening with the senate and whether mitch mcconnell will go for that. let's get back and talk more about the banks. betsy, the savings rate is incredibly high. is that a problem for the banks? demand for credit outside of mortgages is low. give me a sense of what is going on in terms of lending to the real economy and where you see

news & world report, jack white, correspondent for time magazine, norma quarles, correspondent for nbc news, and robert boyd, washington bureau chief for knight-ridder newspapers. sandra van ocher, political correspondent for abc news, is our moderator tonight. sandy. sandy: the thank you, dorothy. a few words about the order of the format. the order of questioning was determined by a toss of the coin. congresswoman ferraro won the toss. she elected to speak last. vice president bush will get the first question. the debate will be built upon a series of questions from the reporters on the panel. four a reporter will ask a candidate a question, a follow-up question, then the same to the other candidate, then each candidate will get to rebut the other. the debate will be divided into two parts, there will be the first section on domestic affairs, the second on foreign affairs. manner of address was decided by the candidates. vicefore, it will be president bush and congress woman for her. we begin with john. >> john adams, one of the nation's first presidents, said, "today i am nothing, t