SQUAWK BOX, THURSDAY 20TH AUGUST, 2020

SQUAWK BOX, THURSDAY 20TH AUGUST, 2020

Asian markets plunge into the red on jitters over the U.S. pandemic recovery after the Fed paints a gloomy economic picture and hints at potentially more central bank measures to come in September. The Democrats’ choice for vice-president, Kamala Harris, officially accepts her nomination and tells the virtual DNC that the Trump presidency has left U.S. citizens in fear. Apple reaches a new milestone to become the first ever company to achieve a $2tn market valuation. This means the tech giant makes up to 7 per cent of the total worth of the S&P 500 index. And in Frankfurt, the DAX reshuffles its blue chips, pushing disgraced payment processor Wirecard out and letting Delivery Hero in, after the takeaway firm’s strong surge in performance during lockdown.

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Jaksot(1824)

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

Oil whipsaws on tanker escort confusion

Oil whipsaws on tanker escort confusion

Oil prices swing after the White House says the U.S. Navy did not escort a tanker through the Strait of Hormuz. The denial corrected a now-deleted social media post by Energy Secretary Chris Wright. T...

11 Maalis 26min

Trump hints at oil sanctions relief to aid global markets

Trump hints at oil sanctions relief to aid global markets

U.S. President Donald Trump hails the war effort in Iran as ‘very complete’ and has suggested some oil sanctions could be eased to shore up confidence in the market. However, Trump warned Iran could b...

10 Maalis 25min

Oil volatility pushes prices past $100bbl mark

Oil volatility pushes prices past $100bbl mark

Oil prices surge to almost $120bbl overnight before falling back to $108bbl. President Trump says he does not believe the market shock will be prolonged. The G7 reportedly considers a joint release of...

9 Maalis 28min

Washington and Tehran at odds over negotiation claims

Washington and Tehran at odds over negotiation claims

After six days of conflict in the Middle East, President Trump says the Iranian regime is desperate to end the fighting but the country’s foreign minister, Abbas Araghchi, refutes the claims. Washingt...

6 Maalis 27min

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