Qualcomm, Arm smash Q4 targets but shares down in late trading

Qualcomm, Arm smash Q4 targets but shares down in late trading

Chip manufacturers Qualcomm and Arm both top Q4 expectations after the bell but A.I. capex concerns push shares down. The Nissan-Honda merger is reportedly in jeopardy as Nissan shareholders’ “growing differences” could now potentially lead to the $58bn deal being scrapped. Société Générale enjoys a doubling of Q4 profits helped by a rebound in its retail banking arm. The French lender’s FY revenue tops targets and is also promising a share buyback. France’s new government survives two no-confidence votes in the Assemblée Nationale which will now allow Prime Minister Francois Bayrou to pass the country’s delayed budget. And in the UK, the Bank of England is expected to cut interest rates by a quarter point as well as issue a potential growth forecast downgrade.

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Jaksot(1823)

SQUAWK BOX, MONDAY 26TH AUGUST, 2019

SQUAWK BOX, MONDAY 26TH AUGUST, 2019

Markets dive first thing this morning as China ups the ante in the trade dispute with Washington, slapping tariffs onto $75bn worth of U.S. goods. President Trump has hit straight back, however, deman...

26 Elo 201927min

SQUAWK BOX, FRIDAY 23RD AUGUST, 2019

SQUAWK BOX, FRIDAY 23RD AUGUST, 2019

It’s all about the Fed. Investors around the world are on tenterhooks as they await a speech from Federal Reserve chairman Jerome Powell at the Jackson Hole symposium, which could send strong signals ...

23 Elo 201925min

SQUAWK BOX, THURSDAY 22ND AUGUST, 2019

SQUAWK BOX, THURSDAY 22ND AUGUST, 2019

Divisions within the Federal Reserve are exposed in the latest minutes, as policy-makers suggest that July’s rate cut does not signal a pre-set easing cycle. The central bank cites the trade tensions ...

22 Elo 201925min

SQUAWK BOX, WEDNESDAY 21ST AUGUST, 2019

SQUAWK BOX, WEDNESDAY 21ST AUGUST, 2019

Instability in Italy. We’re live in Rome where Prime Minister Giuseppe Conte resigns with a scathing attack on interior minister Matteo Salvini whom he accuses of political opportunism. We discuss the...

21 Elo 201925min

SQUAWK BOX, TUESDAY 20TH AUGUST, 2019

SQUAWK BOX, TUESDAY 20TH AUGUST, 2019

The Wall Street rebound is on. U.S. stocks nearly wipe out all of last week's major losses, with the Dow managing to reach an intra-day high just 5 per cent below its all-time record. In Asia, stocks ...

20 Elo 201924min

SQUAWK BOX, MONDAY 19TH AUGUST, 2019

SQUAWK BOX, MONDAY 19TH AUGUST, 2019

Wall Street gears up for more volatility after U.S. stocks close in the green but log their third negative week in a row, while the Trump administration seeks to calm recession fears, with top economi...

19 Elo 201924min

SQUAWK BOX, FRIDAY 16TH AUGUST, 2019

SQUAWK BOX, FRIDAY 16TH AUGUST, 2019

The Dow Jones bounces back after its worst day of 2019 as Washington and Beijing soften their rhetoric in the trade war. Asian equities see green as fresh data shows that Japan has overtaken China in ...

16 Elo 201925min

SQUAWK BOX, THURSDAY 15TH AUGUST, 2019

SQUAWK BOX, THURSDAY 15TH AUGUST, 2019

The Dow suffers its worst day of the year, plunging 800 point in its fourth worst point drop in history. Investors are spooked after the US 2-10 yield curve inverts, sparking concerns a recession is o...

15 Elo 201924min

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