SQUAWK BOX, THURSDAY 29TH SEPTEMBER, 2022

The Bank of England scrambles to restore market calm with a £65bn bond-buying programme. We are live for the latest from Threadneedle Street. Last Friday’s controversial UK ‘mini-budget’ also makes waves at CNBC’s Delivering Alpha conference with founder and CEO of Citadel, Ken Griffin, voicing his concern about the potential fallout for investor confidence. The 10-year Treasury yield falls by its largest amount since 2020 while the S&P 500 breaks its six-day losing streak but billionaire investor Stanley Druckenmiller tells this channel a downturn is still imminent. Porsche is set to list in Frankfurt later today in what is likely to be Europe’s largest IPO ever. And European leaders vow to investigate the recent Nord Stream pipeline leaks in the Baltic while European Commission President Ursula Von Der Leyen says the bloc will refuse to recognise referenda held in four occupied Ukrainian regions.