SQUAWK BOX, TUESDAY 10TH MARCH, 2020

SQUAWK BOX, TUESDAY 10TH MARCH, 2020

Rebounding from a historic rout. U.S. markets come close to entering bear market territory after the Dow sinks 2,000 points as virus fears and an oil price war knock 5 trillion dollars from stocks. But crude prices bounce back from the worst day in almost 3 decades and US futures rise as President Trump teases potential stimulus including a payroll tax cut, ahead of meetings with congressional Republicans and Wall Street executives. Italy quarantines the entire country as Europe's fourth biggest economy becomes the largest outbreak outside China. Prime Minister Giuseppe Conte says it faces its 'darkest hour'. And finally Chinese inflation slows and factory prices fall as the virus continues to weigh on the economy, while fresh research points to a more than 50 percent plunge in monthly mobile phone sales.

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Jaksot(1820)

Wall Street surges as Iran peace hopes rise

Wall Street surges as Iran peace hopes rise

The S&P 500 and Nasdaq post new record highs as investors signal hopes for an end to the ran conflict. The positive sentiment has also affected Asian equities with the Nikkei leading gains. The U.S. a...

16 Huhti 27min

Trump eyes resumption of Iran talks

Trump eyes resumption of Iran talks

U.S. President Trump says peace talks with the Iranian regime could resume in Pakistan within days. Speaking to CNBC at the IMF spring meetings, Pakistani finance minister Muhammed Aurangzeb said he w...

15 Huhti 27min

U.S. navy launches blockade of Iranian ports

U.S. navy launches blockade of Iranian ports

The U.S. navy begins its blockade of Iranian ports in the Strait of Hormuz. However, there are signs of further dialogue which have helped crude prices to drop back under $100 per barrel. President Tr...

14 Huhti 29min

U.S. moves to blockade Strait of Hormuz

U.S. moves to blockade Strait of Hormuz

Following failed U.S.-Iran peace talks in Islamabad over the weekend, Washington moves to blockade ships exiting or entering Iranian ports in the Strait of Hormuz. Oil prices surge on the news while A...

13 Huhti 27min

Trump accuses Tehran of ceasefire breach

Trump accuses Tehran of ceasefire breach

U.S. President Trump accuses Tehran of not honouring the ceasefire with the Strait of Hormuz remaining firmly shut. Israel has said it was willing to hold peace talks with Lebanon, despite continuing ...

10 Huhti 27min

Iran blames U.S. for ceasefire cracks

Iran blames U.S. for ceasefire cracks

Iran accuses the U.S. of violating the new ceasefire agreed on Tuesday with Israel continuing to target Hezbollah sites in Lebanon. U.S. Vice-President JD Vance is to lead peace talks in Islamabad, Pa...

9 Huhti 27min

U.S. and Iran agree to two-week ceasefire

U.S. and Iran agree to two-week ceasefire

President Trump announces that the U.S. and Iran have agreed to a two-week ceasefire on the condition Tehran opens the Strait of Hormuz to commercial shipping. WTI and Brent sink back under the $100-m...

8 Huhti 27min

Trump deadline to reopen Strait of Hormuz ticks down

Trump deadline to reopen Strait of Hormuz ticks down

U.S. President Donald Trump has cranked up the pressure on the Iranian regime to strike a deal to reopen the Strait of Hormuz, threatening to target civilian and energy infrastructure should tonight’s...

7 Huhti 26min

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