SQUAWK BOX, WEDNESDAY 17TH JUNE, 2020

SQUAWK BOX, WEDNESDAY 17TH JUNE, 2020

A retail rebound …. U.S. retail sales jump a record 17.7 per cent in May, beating expectations and helping the Dow close more than 500 points higher. But Fed chair Jerome Powell warns of significant uncertainty surrounding the timing and the strength of the US recovery, as he testifies before the US Senate, but plays down the central bank's latest push into the corporate bond market. Meanwhile, President Trump signs an executive order that reforms police practices as he also calls for calm from protesters, saying 'America wants law and order. The U.K. claims a drug breakthrough, fast-tracking approval for the use of a common steroid that reduces the risk of death for critical COVID patients by a third.

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Avsnitt(1821)

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Gilt yields hold high as election losses hit U.K.'s Starmer

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Iran mulls U.S. proposals to end war

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Iran says it is considering U.S. proposal to end the conflict as well reportedly begins talks to re-open the Strait of Hormuz and the future of its nuclear programme. President Trump is optimistic an ...

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Trump slams brakes on 'Project Freedom' as talks progress

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U.S. navy to guide stricken tankers through Strait of Hormuz

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4 Maj 26min

ECB, BoE hold rates steady in face of inflation threat

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Both the ECB and the BoE decided to hold interest rates steady but warn that a June hike could be on the cards should inflation pressures connected to the Iran crisis escalate. The S&P 500 and Nasdaq ...

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Brent surges to 4-year high as Trump eyes blockade extension, strikes

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