SQUAWK BOX, WEDNESDAY 22ND JULY, 2020

SQUAWK BOX, WEDNESDAY 22ND JULY, 2020

A change in tone…President Trump warns that the Coronavirus outbreak will get worse before getting better as the U.S. logs more than 1,000 daily deaths for the first time in more than a month. U.S. stocks dip on the warning, taking down the Nasdaq as well after it hit another record high while precious metals rally with gold reaching a peak not seen since 2011. On a visit to the UK, U.S. Secretary of State Mike Pompeo urges the world to stand up to China over its response to the Covid-19 pandemic as the DoJ says that Chinese hackers have attempted to steal vaccine research. And Snap shares tumble in after-hours trading as user growth slows and losses deepen.

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Jaksot(1822)

More than 70 Labour MPs call for Starmer departure

More than 70 Labour MPs call for Starmer departure

UK Prime Minister Sir Keir Starmer’s leadership hangs by a thread with now more than 70 Labour MPs calling for him to resign following last Thursday’s devastating local and regional election results. ...

12 Touko 25min

Trump slams Tehran's peace plan response

Trump slams Tehran's peace plan response

President Trump dismisses the Iranian response to a U.S. peace proposal as ‘totally unacceptable’. Brent crude prices nudge past the $100-mark on the news. Beijing prepares to welcome President Trump ...

11 Touko 25min

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

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