SQUAWK BOX, FRIDAY 25TH OCTOBER, 2019

SQUAWK BOX, FRIDAY 25TH OCTOBER, 2019

Market cap wipeout…Amazon shares fall sharply in after-hours trading as the e-commerce giant misses Q3 expectations for the first time in two years due to one-day shipping costs. The tech conglomerate has also predicted a weaker-than-expected holiday season this year. It’s also a busy day for earnings from across the board in Europe. The world’s biggest brewer AB Inbev lowers its guidance, warning that tough market conditions will continue for the rest of the year after missing profit expectations in the third quarter. Kering sees strong growth in the third quarter particularly in Asia, which helps off-set losses incurred due to the ongoing democratic crisis in Hong Kong. And in politics, sterling recovers losses following Prime Minister Boris Johnson’s push for a general election on December 12th in exchange for granting lawmakers more time to scrutinise his Brexit deal.

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Episoder(1855)

Fledgling U.S.-Iran peace deal stutters

Fledgling U.S.-Iran peace deal stutters

The U.S.-Iran peace deal falters over the weekend but a U.S. official tells CNBC hostilities have abated with talks set to resume in Doha tomorrow. European and U.S. futures are up on de-escalation ho...

29 Jun 27min

Asian markets slump as A.I. infrastructure costs soar

Asian markets slump as A.I. infrastructure costs soar

European equities end the week as Asian markets continue to sell off sharply. Apple and Microsoft announce price rises as the A.I. race constrains chip supplies and prompts concern over higher inflati...

26 Jun 25min

Chip stocks feed Asia rally

Chip stocks feed Asia rally

Equities in Asia are boosted by the chip sector through positive earnings from Micron and SK Hynix’s announcement it plans a $30bn listing on the Nasdaq. Brent dips to levels last seen before the conf...

25 Jun 30min

Global tech sell-off gathers pace

Global tech sell-off gathers pace

The global tech sell-off continues with U.S. memory and A.I. related companies firmly in the red as investors reassess the A.I. boom. Micron is set to deliver its results later today. Strait of Hormuz...

24 Jun 27min

Starmer resignation opens door to Burnham premiership

Starmer resignation opens door to Burnham premiership

Britain will have a seventh prime minister in a decade following yesterday’s resignation by Sir Keir Starmer. Newly elected Makerfield MP Andy Burnham could be handed the keys to No.10 in less than a ...

23 Jun 26min

U.S.-Iran peace talks end with 60-day road map agreement

U.S.-Iran peace talks end with 60-day road map agreement

Peace talks between the U.S. and Iran conclude in Switzerland for the time being with an agreement to reach a final deal within 60 days. The talks had been hampered by President Trump’s renewed threat...

22 Jun 30min

Andy Burnham wins Makerfield by-election

Andy Burnham wins Makerfield by-election

Andy Burnham wins the Makerfield by-election, returning him to Parliament and setting up a leadership challenge against U.K. Prime Minister Keir Starmer. In geopolitics, U.S.-Iran talks today are call...

19 Jun 27min

U.S., Iran sign peace deal MOU

U.S., Iran sign peace deal MOU

The U.S. and Iran both sign their MOU for their peace framework. Crude prices tumble with hopes growing that the Strait of Hormuz will now re-open. President Trump warns the U.S. will reserve the righ...

18 Jun 23min

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