you're listening to a bonus episode of On the Tape. I'm Guy Adami. I'm always joined by Dan Nathan

and our good friend Peter Bookvar obliquely advisors and The Book Report. We're going to give you a preview

of what's to come in the markets this week and later check out a great conversation with Peter

and Connor Flynn, CEO of Kimco Realty. Peter, how are you, my man?

Hey, guy. Hi, Dan. Thanks for having me on. It's always great to have you back. Last week,

interesting week in the market, lots taking place. Obviously, for me, the biggest news was an

anticipated 75 basis point hike by the ECB, but as anticipated as that was, that's the largest

hike in the history of the ECB. And it comes at a time when Europe is an absolute mess. So through

my lens, I say, wow, think about the decisions they had to make as bad as things are in terms of

the economy. They still think inflation is such a huge problem

that despite the economy, they had to make that race. That speaks volumes as to what's going on

in the world. And that's the case with all these central banks. ECB, they have inflation north

at 9%. In the UK, it potentially can reach 20% with the reset of the energy caps.

They put themselves in a very awkward position of waiting as long as they did, and now they're

trying to play catch-up, and their consequences to that.

On the flip side with Europe, negative rates essentially killed off the profitability of their banking system.

So this may be at least as a

lifeline to the European banking sector, which you can't have a healthy economy unless you have

banks that are profitable and willing to lend. So that can be a potential positive within this,

but there's no doubt Europe's in a recession. That recession will deepen because of the spike

in energy prices as we get through

the winter. And just because we get through the winter, it doesn't mean 2023 is going to be a

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