SQUAWK BOX, WEDNESDAY 15TH APRIL, 2020

SQUAWK BOX, WEDNESDAY 15TH APRIL, 2020

No more cash…President Trump withdraws U.S. funding of the World Health Organisation, slamming the agency for fundamental failures in tackling the global Coronavirus pandemic and for having a pro-Chinese agenda. In response, Germany’s foreign minister says strengthening the WHO is the best investment. The IMF warns of the worst downturn since the Great Depression, but its chief economist tells CNBC that the global economy remains in far better shape to weather the storm than it did in the 1930s. In corporate news, bad-loan provisioning has weighed heavily on profits at U.S. lenders JPMorgan and Wells Fargo. JPMorgan CEO Jamie Dimon believes the U.S. economy won’t fully reopen until the summer. Plus, a $25bn aid package is agreed to help the U.S. aviation sector after the Coronavirus outbreak cripples the travel industry.

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Jaksot(1820)

Gilt yields hold high as election losses hit U.K.'s Starmer

Gilt yields hold high as election losses hit U.K.'s Starmer

U.K. stocks have dropped and gilt yields hold near multi-decade highs, after U.K. Prime Minister Keir Starmer and his Labour Party see bruising losses in local elections, with Farage’s Reform UK makin...

8 Touko 26min

Iran mulls U.S. proposals to end war

Iran mulls U.S. proposals to end war

Iran says it is considering U.S. proposal to end the conflict as well reportedly begins talks to re-open the Strait of Hormuz and the future of its nuclear programme. President Trump is optimistic an ...

7 Touko 25min

Trump slams brakes on 'Project Freedom' as talks progress

Trump slams brakes on 'Project Freedom' as talks progress

President Trump pauses the ‘Project Freedom’ operation after revealing that progress has been achieved on a potential deal with Tehran to end the conflict. U.S. Secretary of State Marco Rubio says reo...

6 Touko 25min

U.S. and Iran exchange fire in Strait of Hormuz

U.S. and Iran exchange fire in Strait of Hormuz

The U.S.-Iranian ceasefire agreement is in danger of falling apart after Tehran targets ships in the Strait of Hormuz. The flare-up sees the UAE also engage Iranian missile and drone fire. Unicredit h...

5 Touko 24min

U.S. navy to guide stricken tankers through Strait of Hormuz

U.S. navy to guide stricken tankers through Strait of Hormuz

U.S. President Donald Trump pledges to help guide stranded tankers through the Strait of Hormuz, using as many as 15,000 troops and 100 aircraft. The European Commission is mulling a response after Pr...

4 Touko 26min

ECB, BoE hold rates steady in face of inflation threat

ECB, BoE hold rates steady in face of inflation threat

Both the ECB and the BoE decided to hold interest rates steady but warn that a June hike could be on the cards should inflation pressures connected to the Iran crisis escalate. The S&P 500 and Nasdaq ...

1 Touko 30min

Brent surges to 4-year high as Trump eyes blockade extension, strikes

Brent surges to 4-year high as Trump eyes blockade extension, strikes

Brent crude oil hits a war-time record of more than $123 per barrel after Axios reports U.S. President Trump is to be briefed on potential further strikes on Iran after rejecting Tehran’s offer to re-...

30 Huhti 26min

Deutsche Bank and UBS post record quarterly results

Deutsche Bank and UBS post record quarterly results

Two of Europe’s key lenders enjoy stellar quarterly results on the back of market volatility. Deutsche Bank hikes revenue guidance after record profits while UBS notches a profit increase of 80 per ce...

29 Huhti 26min

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