LHR shut after massive electrical fire

LHR shut after massive electrical fire

London’s Heathrow is shut with all flights cancelled or diverted following a massive sub-station fire knocks out power to the airport and to nearby neighbourhoods. The Dow and S&P 500 are slightly in the green to eke gains for the week but U.S. equities remain under pressure. DoubleLine Capital’s Jeffrey Gundlach believes a recession is a possibility. Brussels delays retaliatory tariffs on the U.S. by two weeks, pushing for further dialogue with the Trump administration. And in shipping news, Hapag-Lloyd suffers a 19 per cent fall in FY profits. CEO Rolf Habben-Jansen tells CNBC tariffs concerns are weighing on the sector.

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Jaksot(1821)

SQUAWK BOX, MONDAY 4TH MAY, 2020

SQUAWK BOX, MONDAY 4TH MAY, 2020

Chinese oil and airline stocks have dragged the Hang Seng down and U.S.-China tensions weighed on sentiment. U.S. officials reportedly believe China covered up the Coronavirus outbreak to hoard medica...

4 Touko 202027min

SQUAWK BOX, FRIDAY 1ST MAY, 2020

SQUAWK BOX, FRIDAY 1ST MAY, 2020

European Commission President Ursula Von Der Leyen tells CNBC exclusively that an investigation into the origins of Coronavirus is needed, with the cooperation of China. President Trump has threatened...

1 Touko 202025min

SQUAWK BOX, THURSDAY 30TH APRIL, 2020

SQUAWK BOX, THURSDAY 30TH APRIL, 2020

A global rally…The S&P 500 is set for its best month in nearly 50 years following positive news on a Gilead drug trial. U.S. Federal Reserve chairman Jerome Powell says the American economy has suffer...

30 Huhti 202024min

SQUAWK BOX, WEDNESDAY 29TH APRIL, 2020

SQUAWK BOX, WEDNESDAY 29TH APRIL, 2020

Standard Chartered warns of severe market dislocation as its credit impairments jump sharply. Shares rise in Hong Kong as its CFO, Andy Halford, says the signals coming from Asia are positive. Airbus ...

29 Huhti 202024min

SQUAWK BOX, TUESDAY 28TH APRIL, 2020

SQUAWK BOX, TUESDAY 28TH APRIL, 2020

HSBC’s first quarter profit slumps 48 per cent as it warns the Coronavirus crisis will have a material impact on capital and liquidity. CFO Ewen Stevenson, however, says it is starting to see some sig...

28 Huhti 202024min

SQUAWK BOX, MONDAY 27TH APRIL, 2020

SQUAWK BOX, MONDAY 27TH APRIL, 2020

The Bank of Japan launches an unprecedented expansion of its quantitative easing programme, pledging unlimited bond buying. The stimulus increase moves Asian equities higher. Chinese industrial profit...

27 Huhti 202024min

SQUAWK BOX, FRIDAY 24TH APRIL, 2020

SQUAWK BOX, FRIDAY 24TH APRIL, 2020

Germany commits…EU leaders have agreed on a huge rescue package to mitigate the economic damage wrought by the pandemic with Berlin set to provide a substantial contribution. A leaked WHO report shows...

24 Huhti 202023min

SQUAWK BOX, THURSDAY 23RD APRIL, 2020

SQUAWK BOX, THURSDAY 23RD APRIL, 2020

Coronavirus casts a shadow over Q1 earnings…Credit Suisse reports a 75 per cent rise in first-quarter net profit amid exceptional levels of client activity. However, the Swiss lender has set aside CHF...

23 Huhti 202024min

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