SQUAWK BOX, THURSDAY 20TH FEBRUARY, 2020

SQUAWK BOX, THURSDAY 20TH FEBRUARY, 2020

All change at UBS… Sergio Ermotti steps down as CEO to be replaced by ING boss Ralph Hamers in November. In the U.S., the S&P 500 and Nasdaq hit record highs and Chinese stocks follow suit to the upside. The Coronavirus crisis prompts the PBOC to cut its benchmark lending rate to help mitigate the economic impact of the outbreak. The White House’s acting chief of staff, Mick Mulvaney, voices concerns that the U.K.’s decision to allow Huawei to launch its 5G network may have ‘direct and dramatic’ consequences on intel-sharing between London and Washington. Staying in the U.S., Michael Bloomberg is attacked from all sides in the Democratic primary debate in Las Vegas for his record while mayor of New York. And it’s a bumper day of European earnings, with numbers from Schneider Electric, Swiss Re, Air France-KLM and more.

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Episoder(1859)

Trump defends Iran ops, slams predecessors' actions

Trump defends Iran ops, slams predecessors' actions

President Trump sits down for an exclusive interview with out colleagues Stateside and defends the conflict in Iran, accusing Tehran of exploiting prior administrations over the past 47 years. Trump a...

3 Jul 27min

Warsh plans FOMC reforms but inflation to remain top priority

Warsh plans FOMC reforms but inflation to remain top priority

New Federal Reserve Chairman Kevin Warsh speaks to CNBC at the ECB Forum in Sintra that the U.S. central bank will be looking at overhauling how it conducts monetary policy but insists that bringing d...

2 Jul 26min

European and U.S. equities post best quarter since 2020

European and U.S. equities post best quarter since 2020

Europe and Wall Street notch their best quarter since 2020 with tech and A.I. stocks leading the gains. The energy sector continues to suffer amid Middle East uncertainty. The euro zone’s largest econ...

1 Jul 27min

ECB's Lagarde backs June rate decision

ECB's Lagarde backs June rate decision

We are live at the Sintra Forum where ECB President Christine Lagarde has backed the central bank’s decision to hike rates in June as necessary to rein in inflation. However, Lagarde insists ‘unconven...

30 Jun 27min

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

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