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(1822)

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SQUAWK BOX, WEDNESDAY 01ST MAY, 2019

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Squawk Box anchors discuss Apple’s stock surge in extended trading as dipping iPhone sales are offset by a demand in the tech giant’s services and the group issues an optimistic outlook. The S&P 500 h...

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Squawk Box anchors discuss Chinese manufacturing numbers which have suffered an unexpected drop in April as growth momentum cools. Meanwhile in the US, the S&P 500 hits an intra-day record peak off th...

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Squawk Box anchors discuss the Spanish election results where the incumbent PSOE has won but failed to secure a majority. Russia’s central bank governor Elvira Nabiullina tells CNBC exclusively that s...

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Squawk Box anchors discuss continuing Q1 earnings with better-than-expected results coming in for UBS despite sharp declines at the Swiss bank’s investment arm. CEO Sergio Ermotti predicts market cond...

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