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(1820)

SQUAWK BOX, MONDAY 2ND SEPTEMBER 2019

SQUAWK BOX, MONDAY 2ND SEPTEMBER 2019

A new phase in the trade war. Washington slaps a fresh 15 per cent levy onto a range of Chinese goods while Beijing retaliates by imposing a 5 per cent tariff on U.S. crude oil. President Trump, howev...

2 Syys 201925min

SQUAWK BOX, FRIDAY 30TH AUGUST, 2019

SQUAWK BOX, FRIDAY 30TH AUGUST, 2019

It’s the end of the month with stocks finishing in the green amid signs that U.S.-China trade tensions have cooled somewhat. This, despite fresh tariffs on Chinese goods coming into effect on 1st Sept...

30 Elo 201925min

SQUAWK BOX, THURSDAY 29TH AUGUST, 2019

SQUAWK BOX, THURSDAY 29TH AUGUST, 2019

There are extraordinary political developments afoot across Europe. The pound slides on news that the Queen approves Prime Minister Boris Johnson’s request to prorogue parliament for up to five weeks,...

29 Elo 201926min

SQUAWK BOX, WEDNESDAY 28TH AUGUST, 2019

SQUAWK BOX, WEDNESDAY 28TH AUGUST, 2019

Tumbling yields weigh on U.S. markets with all three major indices finishing in the red and set to break a two-month winning streak. Recession fears remain with the 10-year yield versus the two-year r...

28 Elo 201924min

SQUAWK BOX, TUESDAY 27TH AUGUST, 2019

SQUAWK BOX, TUESDAY 27TH AUGUST, 2019

Global markets surge on fresh hopes of a resolution in the trade dispute between Washington and Beijing after President Trump says that China is ready to agree a deal, backing up his tough style of ne...

27 Elo 201924min

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

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