SQUAWK BOX, THURSDAY 30TH APRIL, 2020

SQUAWK BOX, THURSDAY 30TH APRIL, 2020

A global rally…The S&P 500 is set for its best month in nearly 50 years following positive news on a Gilead drug trial. U.S. Federal Reserve chairman Jerome Powell says the American economy has suffered “an extraordinary shock” in the wake of the Coronavirus pandemic. He has warned of a severe economy contraction in the second quarter and says the central bank will maintain low rates for as long as needed. Hopes of a quick recovery in China have been dashed as export numbers fell at the fastest pace since the financial crisis. In tech news, Microsoft sees shares soar in extended trade on increased cloud revenues through remote working. Plus, Facebook’s shares jump in after-hours trading as it says advertising revenues made a comeback in April. Its CFO David Wehner has told CNBC it remains cautious.

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Jaksot(1820)

Trump threatens to target power stations over Strait of Hormuz closure

Trump threatens to target power stations over Strait of Hormuz closure

U.S. and Iran trade threats with President Trump warning he will target power stations should the Strait of Hormuz not be reopened. The Iranian leadership has hit back saying it will target energy and...

23 Maalis 27min

Israel claims to have eliminated Iranian nuclear threat

Israel claims to have eliminated Iranian nuclear threat

Israel continues to increase air strike on Iran overnight. Prime Minister Benjamin Netanyahu says the country’s uranium enrichment capabilities have been destroyed but signals the possibility of a gro...

20 Maalis 27min

Iran strikes Qatar's largest LNG export site

Iran strikes Qatar's largest LNG export site

Iran strikes Qatar’s main LNG facility – one of the world’s biggest – following an Israeli attack on the giant South Pars gas field. President Trump has warned of stern intervention should retaliatory...

19 Maalis 26min

France hints at aid to secure Strait of Hormuz

France hints at aid to secure Strait of Hormuz

We hear exclusively from French finance minister Roland Lescure who says his country would be willing to aid the U.S. in securing the Strait of Hormuz but would require the conflict to de-escalate fir...

18 Maalis 27min

President Trump says his focus is on the conflict in the Middle East as he looks to postpone China trip

President Trump says his focus is on the conflict in the Middle East as he looks to postpone China trip

President Trump looks to postpone his China trip, saying his focus remains on the conflict in the Middle East. The U.S. leader also hits out at European allies after several reject his demand to help ...

17 Maalis 28min

Trump calls for Strait of Hormuz support

Trump calls for Strait of Hormuz support

President Trump calls on allies to help secure the Strait of Hormuz with exports through the vital oil chokepoint remaining effectively halted, while European foreign policy chief Kaja Kallas criticiz...

16 Maalis 30min

Crude closes above $100 for first time in 4 years

Crude closes above $100 for first time in 4 years

Oil settles about $100 per barrel for the first time since 2022 after Iran’s new Supreme Leader Mojtaba Khamenei pledges to keep the Strait of Hormuz closed. U.S. Energy Secretary Chris Wright and Tre...

13 Maalis 26min

Oil markets on high alert despite record IEA stockpile release

Oil markets on high alert despite record IEA stockpile release

Oil prices have pulled back from $100 a barrel following several attacks on merchant vessels in the Gulf. Two tankers have been reportedly attacked overnight in Iraqi waters. The IEA announces its lar...

12 Maalis 24min

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