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 CHF568m for potential loan losses. Daimler is warning of a 70 per cent drop in earnings due to a collapse in demand amid the Coronavirus pandemic. French hotel giant Accor says it expects April and May to be its toughest months as it waits for government guidance on lockdowns. The company posted a 17 per cent drop in Q1 revenues. In energy news, both Brent and WTI bounce back after falling to historic lows this week. U.S. prices have soared by as much as 40 per cent overnight with renewed tensions with Iran and optimism that production cuts will help ease oversupply bolstering the uptick.

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Avsnitt(1820)

Trump slams Iranian moves to postpone nuclear talks

Trump slams Iranian moves to postpone nuclear talks

U.S. President Donald Trump voices displeasure at Iran’s proposal to postpone nuclear talks until after the conflict ends. Meanwhile, German Chancellor Friedrich Merz slams U.S. strategic aims in Iran...

28 Apr 27min

Trump urges Iran to reopen talks

Trump urges Iran to reopen talks

President Trump says Iran can pick up the phone after cancelling his envoys’ negotiation trip to Pakistan. Axios reports Tehran is to table a new proposal to end the conflict and reopen the Strait of ...

27 Apr 24min

Trump heralds Israel-Lebanon ceasefire extension

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U.S. President Donald Trump hails a three-week ceasefire extension between Israel and Lebanon and that he is willing to wait until an appropriate deal is reached with Iran in order to re-open the Stra...

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Podcast summary: European Q1 earnings in focus

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Nestlé and Heineken both post Q1 earnings beats with LSEG and Roche results out today as well. Tesla also beats in the first quarter however it misses its revenue target and hikes capex expenditure. C...

23 Apr 25min

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

U.S. President Trump extends the ceasefire with Iran in order to allow for further peace talks to be organised. However, the Strait of Hormuz remains blockaded by both sides with global markets in lim...

22 Apr 27min

Cook to step down as Apple CEO

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Apple CEO Tim Cook steps down from the role with hardware chief John Ternus chosen to assume the helm from September. Cook, who oversaw a $3.6tn increase in the company’s market cap during his 15-year...

21 Apr 27min

U.S. Navy seizes Iranian cargo ship

U.S. Navy seizes Iranian cargo ship

The U.S. Navy fires on and seizes an Iranian cargo vessel in the Gulf of Oman with both countries reinstating blockades through the Strait of Hormuz. President Trump says his delegation lead by Steve ...

20 Apr 25min

Israel-Lebanon 10-day truce begins

Israel-Lebanon 10-day truce begins

A 10-day ceasefire between Israel and Lebanon comes into effect. U.S. President Trump says he sees the conflict with Iran ending soon. Bank of Israel governor Amir Yaron tells CNBC that he expects a d...

17 Apr 25min

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