SQUAWK BOX, THURSDAY 21ST MAY, 2020

SQUAWK BOX, THURSDAY 21ST MAY, 2020

The Federal Reserve discusses using forward guidance and longer-term measures to support the damage to the U.S. economy, such as capping interest rates. However, Dallas Federal Reserve President, Robert Kaplan, tells CNBC that consumer confidence and a sense of safety will drive the recovery rather than monetary policy. In the UK, Bank of England governor Andrew Bailey changes the BOE’s policy stance and considers negative interest rates, as the UK government issues bonds at a sub-zero level for the very first time. China’s delayed NPC gets under way with the focus on a potential slower growth rate in the wake of the pandemic. Brazil becomes the new epicentre of the outbreak, as the Latin American country posts a new record number of daily Coronavirus cases. And in aviation news, Lufthansa says it is in advanced talks with the German government over a €9bn state bailout.

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Jaksot(1822)

U.S. ramps up strikes on IRGC sites

U.S. ramps up strikes on IRGC sites

The U.S. strikes at more than 1,000 Iranian sites including IRGC facilities while Tehran retaliates by hitting the U.S. embassy in Riyadh. President Trump says he is prepared to extend the conflict if...

3 Maalis 29min

U.S.-Israeli strikes on Iran intensify

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U.S. and Israeli strikes on Iran intensify as Tehran retaliates hitting targets across the region including American and British bases. President Trump says the attacks could last for several weeks. C...

2 Maalis 33min

Greens deal major blow to UK's Starmer with Manchester by-election victory

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27 Helmi 45min

Nvidia posts blockbuster quarter but markets remain cautious

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Amid continuing A.I.-related jitters, Nvidia posts another set of stellar quarterly results but Salesforce disappoints with revenue forecasts coming in below analysts’ expectations. However, both comp...

26 Helmi 26min

Trump hails U.S. economy during record SOTU address

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President Trump delivers the longest SOTU speech in history to defend his second-term record. Trump highlighted progress made on the economy and hailed the ‘golden age’ of America. Several new tech pa...

25 Helmi 25min

A.I. jitters prompt fresh Wall Street tech sell-off

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Wall Street suffers another A.I.-fueled sell-off with enterprise software and private capital leading losses. Investors’ fears reappear following the unveiling of a new Anthropic programming language ...

24 Helmi 30min

Trump retaliates with new tariffs after SCOTUS ruling

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U.S. President Donald Trump unleashes a new 15 per cent global baseline tariff – the maximum legal amount – following the Supreme Court’s ruling that reciprocal country-specific levies were illegal. T...

23 Helmi 30min

Brent surpasses $70bbl as Iran tensions heighten

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20 Helmi 26min

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