SQUAWK BOX, FRIDAY 27TH MARCH, 2020

SQUAWK BOX, FRIDAY 27TH MARCH, 2020

The U.S. overtakes China and Italy reporting the world’s highest number of Covid-19 cases. New York is the epicentre and there are warnings the health system there is fraying. The dollar heads toward its largest decline in a decade but the Dow posts its best three-day rally in more than 90 years, after the US Senate passes the $2tn stimulus package. Federal Reserve president Jerome Powell tells NBC that the U.S. is already likely to be in recession but insists that the central bank has enough ammunition to weather the Coronavirus pandemic, as its balance sheet grows to $5tn. The G20 nations pledge to inject that same figure into the global economy in a rare united response to mitigate the fallout from the crisis. And finally, we speak to the CEO of pharma giant Novartis, who tells the programme he is seeing unprecedented collaboration between the world's biggest healthcare names.

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Jaksot(1820)

Trump slams Iranian moves to postpone nuclear talks

Trump slams Iranian moves to postpone nuclear talks

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28 Huhti 27min

Trump urges Iran to reopen talks

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President Trump says Iran can pick up the phone after cancelling his envoys’ negotiation trip to Pakistan. Axios reports Tehran is to table a new proposal to end the conflict and reopen the Strait of ...

27 Huhti 24min

Trump heralds Israel-Lebanon ceasefire extension

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Podcast summary: European Q1 earnings in focus

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Nestlé and Heineken both post Q1 earnings beats with LSEG and Roche results out today as well. Tesla also beats in the first quarter however it misses its revenue target and hikes capex expenditure. C...

23 Huhti 25min

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

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22 Huhti 27min

Cook to step down as Apple CEO

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Apple CEO Tim Cook steps down from the role with hardware chief John Ternus chosen to assume the helm from September. Cook, who oversaw a $3.6tn increase in the company’s market cap during his 15-year...

21 Huhti 27min

U.S. Navy seizes Iranian cargo ship

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The U.S. Navy fires on and seizes an Iranian cargo vessel in the Gulf of Oman with both countries reinstating blockades through the Strait of Hormuz. President Trump says his delegation lead by Steve ...

20 Huhti 25min

Israel-Lebanon 10-day truce begins

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A 10-day ceasefire between Israel and Lebanon comes into effect. U.S. President Trump says he sees the conflict with Iran ending soon. Bank of Israel governor Amir Yaron tells CNBC that he expects a d...

17 Huhti 25min

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