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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Avsnitt(1821)

SQUAWK BOX, THURSDAY 14TH MAY, 2020

SQUAWK BOX, THURSDAY 14TH MAY, 2020

Warnings on Wall Street… U.S. Federal Reserve Chairman Jerome Powell warns of prolonged economic damage, sending global stock markets into the red. Meanwhile, Cleveland Fed President Loretta Mester te...

14 Maj 202027min

SQUAWK BOX, WEDNESDAY 13TH MAY, 2020

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Wall Street suffers steep losses with the Dow Jones falling more than 400 points and the Nasdaq breaking a six-day rally. This comes on the back of Dr Anthony Fauci’s Coronavirus Senate hearing where ...

13 Maj 202027min

SQUAWK BOX, TUESDAY 12TH MAY, 2020

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China’s industrial deflation worsens as producer prices fall 3 per cent in April. It’s the largest slump in four years. New reports of Coronavirus clusters in Seoul and China weigh on Asian markets bu...

12 Maj 202029min

SQUAWK BOX, MONDAY 11TH MAY, 2020

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From ‘Stay at Home’ to ‘Stay Alert’ - Prime Minister Boris Johnson lays out a conditional plan to lead parts of the UK population back to work but he refuses to lift the lockdown just yet. On the cont...

11 Maj 202024min

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Asian stocks rise on signs that relations between Washington and Beijing are warming after trade representatives from both countries agreed to stronger cooperation in implementing the first phase of t...

8 Maj 202027min

SQUAWK BOX, THURSDAY 7TH MAY, 2020

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A surprise recovery…Chinese exports unexpectedly rise in April with a sharp uptick in overseas shipments since December. However, lower domestic demand provides softer-than-expected import numbers. AB...

7 Maj 202023min

SQUAWK BOX, WEDNESDAY 6TH MAY, 2020

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Media giant Disney cancels its 2020 dividend payout after suffering a $1.4bn hit to income due to the Covid-19 outbreak. It has announced plans to reopen its Shanghai theme park from next week. BMW lo...

6 Maj 202024min

SQUAWK BOX, TUESDAY 5TH MAY, 2020

SQUAWK BOX, TUESDAY 5TH MAY, 2020

Crunch time for the ECB…Germany’s constitutional court is set to rule on whether the ECB’s sovereign bond-buying programme is appropriate in a decision that could hinder its QE measures. BNP Paribas' ...

5 Maj 202024min

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