Podcasts about arabile gumede

Global markets fall and yields jump as Moody's cuts its U.S. credit rating - the first time in history that the country hasn't held a perfect AAA rating with any of the major agencies. Attention turns to London as the U.K. and EU near a historic reset of trade relations - as Ryanair CEO Michael O'Leary calls for closer ties between the two sides.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump concludes his multi-stop Middle East tour having signed mega A.I. and aviation investment deals in Abu Dhabi, Doha and Riyadh but has raised concerns among some of his administration regarding advanced A.I. security restrictions. UK Prime Minister Keir Starmer is in Albania for talks with European counterparts on a potential post-Brexit deal. Youth mobility and fishing rights will be key topics on the agenda. Swiss luxury firm Richemont sees a rise in quarterly sales and manages to narrowly scrape a beat but warns of continuing global economic uncertainty. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump's Middle Eastern tour continues to Doha where he helps Boeing secure a mega-deal with Qatar Airways. He heads to the UAE later today. Shares in trading platform Etoro Group soar off the back of its Nasdaq IPO which could potentially herald a reset in IPO sentiment on Wall Street. Siemens posts a Q2 beat, hiking its FY guidance. CEO Roland Busch tells CNBC a tariff deal with the U.S. will help trigger a ‘normal' growth rate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. President Donald Trump hails his return to Saudi Arabia where he has secured hundreds of billions of dollars of investment from the kingdom. He will be heading to Qatar later today. The U.S. Agriculture Secretary, Brooke Rollins, says Trump's global trade negotiations will be a boon to the whole world. German shipping giant Hapag-Lloyd confirms its FY outlook despite trade concerns on the horizon. Defence firm Renk doubles its quarterly orderbook, seeing intakes of €550m.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global markets rally on the back of yesterday's U.S.-China trade truce with mining and tech stocks leading European gains. Stateside, the Magnificent 7 companies add $800bn in market cap. President Trump signs an executive order to force European countries to pay higher prices for pharmaceuticals and vows to punish countries which refuse to match lower drug costs in the U.S. And President Trump embarks on his first major foreign trip since regaining office to Saudi Arabia where he expects to secure big strategic, tech and infrastructure deals.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. and Chinese trade negotiators hail ‘substantial' momentum following talks in Geneva over the weekend. Further details are promised later today. President Trump vows to sign an executive order which would see American drug prices cut by up to 80 per cent. Italian lender Unicredit posts a top and bottom line beat in Q1 and raises its FY guidance. CEO Andrea Orcel tells CNBC his bank's plans for consolidation are progressing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. and China reach a trade deal with both sides slashing their respective tariffs by 115 per cent. U.S. Treasury Secretary Scott Bessent says both sides have moved towards balanced trade. China-exposed shares soar in Europe with luxury, autos and tech leading the way. However, pharma stocks plummet following President Trump's announcement that he will sign an executive order to reduce drug prices for Americans by up to 80 per cent.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.K. And the U.S. seals the first trade agreement of Trump's tariff war — but loose ends remain on the details. Meanwhile, attention turns to this weekend's negotiations between the U.S. and China in Switzerland, as President Trump says he may consider lowering the sky-high tariff level against Beijing. In Europe, Commerzbank bucks expectations to report nearly 12% profit growth in the first quarter, as the German lender looks to fend off advances from Italy's Unicredit.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The UK and U.S. may potentially unveil a major trade deal as soon as this afternoon. President Trump has teased that an announcement is due at 3PM BST. The U.S. Federal Reserve has held rates steady once again, citing increased economic uncertainty ahead. Meanwhile, in the UK, the BoE is set to slash rates for a second time this year with more moves expected over the summer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Beijing moves to increase stimulus into the economy from rate cuts to liquidity injections in an attempt to counter the effects of President Trump's tariffs. U.S. and Chinese officials are due to hold trade talks in Switzerland this weekend. India bombs targets in Pakistan in retaliation for last month's terror attack on Hindu tourists in the divided region of Kashmir. Danish pharma giant Novo Nordisk slashes its FY forecast despite an 18 per cent surge in quarterly sales.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. Treasury Secretary Scott Bessent tells CNBC that the White House is involved in talks with 18 key trading partners and that some deals are imminent. Ford suspends its outlook and reveals a $2.5bn loss as tariff uncertainty weighs. In Germany, the CDU's Friedrich Merz is to become Chancellor later today following his party's grand coalition agreement with the SPD. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump shrugs off concerns about his handling of the U.S. economy in an interview with NBC'S Meet The Press, stressing that his main goal is to agree a fair trade deal with China. Warren Buffett shocks Berkshire Hathaway shareholders by announcing his retirement. The billionaire investor has led the company for more than 60 years and will now hand over leadership to vice-chairman Greg Abel. Crude prices fall as Opec+ nations agree to speed up production hikes once again. Also in oil news, Shell is reportedly considering a takeover of rival BP. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China said it is mulling tariff talks with the U.S. after the Trump administration reaches out - saying Beijing's door is always open. On the earnings front, Standard Chartered posted a 10% rise in first quarter net profit, with the Asian-focused lender maintaining its guidance despite heightened uncertainty. Apple and Amazon fell in extended trade despite earnings beats, as tariff uncertainty weighs on the outlook for big tech. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Meta and Microsoft both score quarterly profit beats on the top and bottom line, unfazed by the Trump tariff war. Qualcomm, however, sees its stock fall in after-hours trade and concern about the levies begins to weigh on its guidance. Spain's competition watchdog endorses BBVA and Banco Sabadell's €12bn merger deal. It now requires government approval. And in autos news, Tesla denies it ever considered replacing CEO Elon Musk following his extensive role for DOGE in the Trump administration. Trump, for his part, said Musk could stay in his cabinet as long as he wishes.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

UBS scores a Q1 beat with a better-than-expected net profit of $1.7bn on strong wealth management income. We hear from CEO Sergio Ermotti. Wall Street performance slumps to its worst level during the start of a new White House administration since President Gerald Ford's in 1974, however Commerce Secretary Howard Lutnick tells our colleagues Stateside the first trade deal is imminent. And logistics giant DHL confirms its FY guidance despite the turbulence caused by Trump's tariff policies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

HSBC launches a $3bn buyback while Deutsche Bank beats on both the top and bottom line. Spain declares a state of emergency following a massive power outage with flights and other transport suspended and mobile and internet connections lost. Portugal was also hit by the blackout. Mark Carney and the Liberal Party are voted into power in Canada setting up a showdown with U.S. President Trump on trade tariffs and independence. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump says he has signed more than 200 trade deals to mark his first one hundred days in office amid varied recent polling. U.S Treasury Secretary Scott Bessent says progress is being made in trade talks with many Asian nations. European Commission President Ursula von Der Leyen announces she will meet with President Trump for trade talks following a brief meeting on the sidelines of Pope Francis' funeral. U.S. equities suffer their worst start to the year in more than 30 years.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Alphabet shares rose in extended trade after reporting a top and bottom line beat, with its search and advertising units showing strong growth despite increasing AI competition. At the annual IMF meeting, ECB Governing Council Member Robert Holzmann told CNBC that he expects further rate cuts to come, but that the outcome of tariff talks will ultimately decide how much lower the base rate will fall. Bank of England Governor Andrew Bailey told CNBC exclusively that he doesn't think that the U.K. economy is on the brink of a downturn - despite the latest warning from the IMF. Over in Asia, Nissan flags a record loss of up to $5.3 billion dollars due to impairment charges as new CEO Ivan Espinosa attempts to turn around Japan's third largest automaker.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump is reportedly mulling slashing tariffs on Chinese imports, but Treasury Secretary Scott Bessent said that the country won't act unilaterally. In Europe, the Kering crisis continues, as Gucci first quarter sales slide by 25%. Meanwhile, Adidas bounces back, posting its strongest start to a year following the company's turnaround plans. BNP Paribas posted a first quarter beat and confirms its guidance, with CFO Lars Machenil telling CNBC that the French lender is outperforming on all key units. And there's more bad news for Tesla as its EU car registrations almost halve in the first quarter, while China's SAIC surge. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump eases back on Jerome Powell, insisting he has no intentions to fire the Fed Chair – spiking U.S. futures and calming concerns over the Fed's independence. U.S. markets rebound after Trump backs up comments made by U.S. Treasury Secretary Scott Bessent, saying that the tariff standoff with China is “unsustainable”. Elon Musk pledges to step back from his government work as Tesla posts its biggest earnings miss in half a decade. The IMF slashes its global growth forecast for 2025, warning that President Trump's tariff policies risk unleashing “major negative shock”. In Europe, the newly crowned most valuable company SAP posts a first quarter operating profit beat – up by 58%.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow falls as tech stocks fall after President Trump slams U.S. Federal Reserve Chairman Jerome Powell for failing to cut interest rates. The dollar falls to a three-year low on tariff concerns. Chinese battery maker CATL unveils new cells, claiming faster charging times and longer range than rival BYD. Also in autos news, Tesla shares plunge 6 per cent ahead of earnings due out later today with one analyst calling the decline a ‘Code Red' moment for the firm. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. markets tumble after Federal Reserve Chairman Jerome Powell says the central Bank is waiting on ‘greater clarity' of the impact of President Trump's tariffs. Powell warns that the U.S. economy could face rising inflation and a decreased jobs market as a result of the levies. Nvidia shares slump by 6.87 per cent after revealing a $5bn hit from U.S. export controls. Other semi-conductor companies follow suit into the red. In Europe, Siemens Energy hikes its outlook after a stellar Q2 result. The German firm posts its highest profit margin since being spun off from Siemens almost 5 years ago. And in luxury news, Milan-based fashion house Moncler defies the general slump in the sector to post a Q1 beat. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China's economy expands by 5.4 per cent in the first quarter but President Trump's levies on the country fuel concerns about further stimulus measures from Beijing. ASML net bookings are down with the Dutch chip maker warning the Trump tariffs have heightened demand uncertainty. The U.S. president has called for a tariff probe into critical minerals, pushing mining stocks down and potentially opening a new front in his tariff offensive. Nvidia shares tumble after the semi-conductor giant warned of a $5.5bn charge for Q1 related to GPU chip exports to China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. announces it is launching investigations into the chip and pharmaceutical imports. President Trump says that goods with strategic and security importance must be produced Stateside. The move could provoke further tariffs. Global auto makers see shares rise as President Trump hints at potential tariff relief for the sector. In luxury goods news, LVMH misses Q1 sales targets, falling 3 per cent on disappointing performance in Asia. Chinese President Xi Jinping visits Vietnam as part of a diplomatic tour of the ASEAN region in a bid to bolster regional ties as economic tensions with the U.S. increase. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump outlines tariff exemptions including smartphones, chips and other tech components but U.S. Commerce Secretary Howard Lutnick says the move is only temporary. The tech sector rallies in Asia with the Hang Seng leading gains. Chinese exports surge more than 12 per cent in March. President Xi Jinping slams the trade was with the U.S., saying that protectionism has ‘no way out'. The founder of Bridgewater Associates Ray Dalio tells NBC News tariffs and a falling dollar could signal a potentially serious economic downturn.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The market sell-off continues. Following a brief rally, yields are up, the dollar weakens and the Dow loses a further 1,000 points as the trade war fuels concerns about a potential recession in the U.S. Inflation data Stateside comes in better than expected for March. It's the first consecutive monthly decline since 2020. European Commission President Ursula Von Der Leyen warns of digital advertising levies in the event U.S. trade talks should fail with counter-measures potentially extending to service imports.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street enjoys a historic rally after President Trump announces a 90-day pause on reciprocal tariffs, not including China. Asian equities are also in the green with the Nikkei and Taiwan's Taiex leading gains. European futures are also up as are Chinese equities, despite Trump increasing levies on the country to 125 per cent. In Germany, the CDU/CSU and the SPD unveil a coalition deal with Chancellor-in-waiting Friedrich Merz addressing President Trump directly to give assurances on defence and economic competitiveness. And in autos news, Volkswagen shares plummet as the car maker misses forecasts by a wide margin amid tariff uncertainty. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump's tariffs kick in for the so-called ‘worst offenders' with the minimum rate on certain Chinese goods hitting 104 per cent. Trump says the U.S. remains resolute. Asian equities are firmly in the red. European markets and Wall Street are both braced for more heavy sell-offs. U.S. Treasury yields also spike. The tariffs feud between Elon Musk and President Trump's top trade advisor Peter Navarro intensifies following disagreement over Tesla's auto assembly practices. Musk calls Navarro ‘dumber than a sack of bricks'. In Germany, the CDU/CSU and SPD are reportedly close to a coalition deal following 13 hours of negotiations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian equities rebound after hitting an 18-month low while Wall Street futures are in the green following a volatile session on Monday. The Nikkei is up following the news that Tokyo is granted priority in U.S. trade talks with a negotiating team due to arrive in Washington D.C. later today. Beijing vows to ‘fight to the end' against American ‘blackmail' after President Trump threatens to double tariffs on China this week. Brussels prepares retaliatory measures against the U.S. but also believes that a ‘zero-to-zero' tariff deal is possible. We hear from Banca Monte di Paschi di Siena CEO Luigi Lovaglio who says Europe is able to ride out the tariff turmoil. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian equities fall with the Nikkei hitting an 18-month low as China retaliates against President Trump's sweeping tariffs policies. U.S. equity futures also indicate a heavy sell-off after $5tn in market cap was wiped off the S&P 500 in just two days. Europe is also set lower today as European Union trade ministers gather in Luxembourg to discuss an appropriate tariff response. And in media news, the Trump administration is forced to extend the TikTok deadline as Beijing abandons the deal at the last moment over the last week's tariff controversy.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street suffers its worst session since 2020 with $2.5tn vanishing from market value following the announcement of President Trump's sweeping global tariffs. Along with a heightened risk of a U.S. recession, top Wall Street names have voiced concerns over worsening global economic consequences should the tariffs be implemented without any exemptions. President Trump says he remains open to negotiations. We are live on the shores of Lake Como, Italy at The European House Ambrosetti Spring Forum where CEO Valerio De Molli tells CNBC that any retaliation to the U.S. tariffs would be counter-productive. And in oil news, Opec+ quickens the pace of scheduled hikes, surprising the market with a boost in production to push prices lower.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump hails his tariff blitz on Liberation Day. U.S. markets fall in extended trade as investors rush to safe havens, fearing the swathe of levies imposed by Washington could spark a global trade war. In Asia, the Nikkei slumps to an 8-month low and the tariff effects are felt across South-East Asian markets. China slams the move as ‘unilateral bullying' and Canada pledges retaliation. The EU's response is measured for now. EC President Ursula Von Der Leyen says the bloc is still committed to negotiation. We hear from TotalEnergie CEO Patrick Pouyanné and Leonardo CEO Roberto Cingolani who remain upbeat that the trade conflict could be beneficial to Europe. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump's much-awaited Liberation Day arrives with nations braced for a wave of sweeping reciprocal trade tariffs to be announced with immediate effect at a Rose Garden event later today. The UK is still hopeful of achieving an 11th-hour tariff deal while Brussels pledges a ‘strong plan' in retaliation. Tesla sales continue to fall following strong competition from rival Chinese manufacturers and political activism against CEO Elon Musk on the Continent. And in media news, venture capitalist Andreessen Horowitz are reportedly looking to invest in TikTok ahead of a deadline for Chinese owner ByteDance to sell up or face a ban in the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street suffers its worst quarter in almost 3 years as concerns over President Trump's tariffs could fuel a U.S. recession. The country-based reciprocal tariffs will be unveiled tomorrow in a Rose Garden event. In France, Marine Le Pen has vowed to appeal a court ruling that she embezzled EU funds, banning her from public office for 5 years. And in tech news, OpenA.I. announces it has secured $40bn in what is the largest private tech funding round in history. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian markets ae in the red with the Nikkei 225 plunging to a more than six-month low as jitters are felt ahead of President Trump's tariffs due on 2nd April. Trump hits out at Russian President Vladimir Putin for delaying a ceasefire deal with Ukraine and hints at secondary tariffs on buyers of Russian oil. In France, Marine Le Pen is in court on charges of embezzling money from the European Parliament, potentially banning her from office. And in Myanmar, rescue efforts continue following Friday's earthquake which has claimed more than 1,700 lives. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P 500 and Nasdaq are on track to post their worst trading week since September 2023 ahead of next week's Trump tariff blitz on ‘Liberation Day', April 2nd. Chinese President Xi Jinping hosts CEOs in Beijing in a bid to boost business ties and calls for trade dialogue with the U.S. We hear from Santander chair Ana Botin who calls U.S. tariffs as a tax on consumers and says that the levies will hit America harder than Europe. And in entertainment news, French gaming company Ubisoft secures a more-than-€1bn investment from Chinese tech giant Tencent to help back its largest franchises.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump slaps a 25 per cent levy on all car imports to the U.S., sending autos shares sharply lower. European Commission President Ursula Von Der Leyen says the bloc will seek to negotiate with President Trump but vows to protects its own economic interests. Germany's car industry association says the tariffs are a ‘fatal signal' for global free trade. UK Chancellor of the Exchequer Rachel Reeves restores her fiscal headroom in her spring statement through a series of cuts but the OBR strikes a sombre note, halving its growth outlook for 2025. And in Paris, President Emmanuel Macron convenes the ‘coalition of the willing' while Ukraine and Russia continue to accuse each other of breaking ceasefire agreements.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We are live outside the House of Commons in London where Chancellor Rachel Reeves is due to deliver her Spring Statement later today. Spending cuts are to top the agenda as Reeves struggles to revive a moribund economy. This, as the country's budget watchdog, the Office of Budgetary Responsibility, is set to halve the country's growth forecast for the year. UK economists also predict a small easing of the inflation rate ahead of the release of a final key data point. The Trump administration doubles down, shrugging off the fallout of the Signal chat security leak. President Trump defends U.S. retaliatory strikes against Houthi targets in Yemen. And in the Black Sea, Ukrainian drones have reportedly been shot down just hours following a naval truce between Moscow and Kyiv. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump says he is prepared to offer exemptions to some countries from reciprocal tariffs which begin on April 2nd. However, he pledges to add further levies on other key sectors such as autos, pharma, chips and lumber. Tesla sees European sales fall by more than 40 per cent during the first two months of the year. EV registrations on the Continent, however, surge by almost 30 per cent. Despite this, Tesla shares soar Stateside in their best session since November. And Washington DC is in uproar after a U.S. military operation against the Houthis in the Red Sea is mistakenly leaked to The Atlantic's editor in a Signal group chat. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The annual China Development Forum kicks off in Beijing with Chinese Premier Li Qiang insisting the country is open to investment. President Trump signals he may be flexible on certain reciprocal tariffs. Canadian PM Mark Carney calls a snap election for April in a move to capitalise on growing anti-Trump sentiment throughout the country. In the UK, Chancellor of the Exchequer Rachel Reeves announces plans to slash 10,000 civil service jobs in a bid to revive a flagging economy and plug a fiscal shortfall. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Federal Reserve keeps rates on hold as anticipated. Chairman Jerome Powell signalled he was easing off on the growth forecast and slightly raising inflation projections. However, markets shrugged off any concerns and now expect two more potential rate cuts this year. The PBOC also maintains rates for the fifth straight month with the BoE and the Riksbank set to follow suit. The SNB is likely to cut once again later today. Nvidia CEO Jensen Huang talks to our colleagues Stateside, spelling out the firm's A.I. infrastructure building plan. U.S. President Donald Trump hails his phone call with Ukrainian counterpart Volodomyr Zelenskyy, saying peace talks remained on track. Moscow and Kyiv still accuse each other of undermining any partial ceasefire with attacks energy installations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Germany pass historic debt reform in the Bundestag, launching a fiscal bazooka of infrastructure and defence spending. Chancellor-in-waiting Friedrich Merz says the move will help create a new European security alliance. Russian President Vladimir Putin holds a near-two hour phone call with U.S. President Donald Trump and agrees to cease attacks on Ukrainian energy installations but hopes of an immediate truce fall short. Ukrainian President Volodomyr Zelenskyy says his country's involvement in peace talks is paramount. Nvidia CEO Jensen Huang unveils the firm's next generation of super-chips. And the BoJ decides to stay put on rates, signalling Tokyo's growing concerns over Trump tariffs. The Federal Reserve is due to make its rate decision later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Israel shatters the ceasefire with Hamas - launching air strikes on dozens of targets in Gaza and killing hundreds. U.S. retail sales rise less than expected, adding to concerns about the state of the U.S. consumer - as the OECD warns of slowing global growth. Elsewhere Germany's Bundestag is expected to shake off the country's fiscal shackles today and overhaul its debt brake laws - lifting the cap on defence spending and greenlighting €500 billion in infrastructure investment. And BYD unveils a potential game-changer - rolling out new tech it claims can charge EVs in just five minutes.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian equities are in the green as Chinese demand surges in the face of U.S. tariffs. Authorities in Beijing have pledged further moves to revive consumption. In the U.S., futures slip again. The Dow suffers its worst week since 2023. U.S. Treasury Secretary Scott Bessent tells NBC News that he remains unfazed by market turmoil. President Trump says he will hold talks with Russian President Vladimir Putin, raising hopes of a ceasefire in Ukraine. German Chancellor-in-waiting Friedrich Merz clinches a deal with the Green Party to launch a defence and infrastructure package later this week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump threatens to slap the EU with a 200 per cent tariff on imported alcohol and says he will not bend on Canadian autos and metals tariffs. The jitters felt on Wall Street this week sees the S&P 500 in correction territory. U.S. Treasury Secretary Scott Bessent tells CNBC he is unfazed by short-term market volatility. Russian President Vladimir Putin says he agrees to the Ukraine ceasefire in principle but says the deal is ‘nuanced' which has led to accusations he is stalling the process. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump pledges to introduce ore tariffs as the U.S.'s trading partners hit back against levies focused on steel and aluminium imports. A soft inflation report prompts investors to buy up the recent tech dip which eases market jitters about the health of the American economy. The U.S. deficit reached $1.15tn in the first 5 months of the American fiscal year despite DOGE's efforts to cut government spending. We are live at the Converge Live conference in Singapore where Ferrari CEO Benedetto Vigna says he is braced for the impacts of tariffs but says the company's customers are not yet feeling the pinch. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The European Union responds to President Trump's tariffs hitting back with its own set of counter-measures worth €26bn. We are live in Singapore at CNBC's inaugural Converge Live conference where billionaire investor Ray Dalio tells us the tariffs will cause confrontations between nations. Also at Converge Live, Alibaba chairman Joe Tsai says the importance and impact of President Xi's recent meeting with tech bosses should not underestimated, as it galvanised the private sector to invest. Ukraine has agreed a proposal for a 30-day ceasefire with Russia following talks with Washington in Jeddah, leaving Moscow with ‘the ball in their court'. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. tech stocks suffer a $1tn wipeout as Trump tariffs and recession concerns trigger a massive repricing move. Tesla shares fall 15 per cent during its worst session since September 2020. U.S. Secretary of State Marco Rubio arrives in Jeddah, Saudi Arabia for Ukraine peace talks and says Kyiv will have to accept Russian control of some of its territory. Sales slow and investors await guidance from Volkswagen with earnings due later this morning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Donald Trump says the U.S. economy requires time to transition and says that a recession is still a possibility. Former Bank of England governor Mark Carney wins the race to become Canadian Prime Minister and immediately slams Trump's tariff policies against his country. The CDU and SPD will enter coalition talks following agreement on several policies including energy and tax reforms in a bid to lift the country's stuttering economy. U.S. and Ukrainian peace negotiators head to Saudi Arabia and are looking to reset relations following last month's Oval Office argument between President Trump and President Volodomyr Zelenskyy.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.