Podcasts about squawk box

The Bank of England scrambles to restore market calm with a £65bn bond-buying programme. We are live for the latest from Threadneedle Street. Last Friday's controversial UK ‘mini-budget' also makes waves at CNBC's Delivering Alpha conference with founder and CEO of Citadel, Ken Griffin, voicing his concern about the potential fallout for investor confidence. The 10-year Treasury yield falls by its largest amount since 2020 while the S&P 500 breaks its six-day losing streak but billionaire investor Stanley Druckenmiller tells this channel a downturn is still imminent. Porsche is set to list in Frankfurt later today in what is likely to be Europe's largest IPO ever. And European leaders vow to investigate the recent Nord Stream pipeline leaks in the Baltic while European Commission President Ursula Von Der Leyen says the bloc will refuse to recognise referenda held in four occupied Ukrainian regions.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The IMF slams the UK's government's budget plans cuts and say they will serve to impact the BoE's rate hikes. The central bank's Huw Pill says a strong monetary response will be needed to tackle soaring inflation. The S&P 500 sinks further into bear market territory. Asia equities fall to their lowest ever level in two and a half years. Stateside, Minneapolis Fed Chair Neel Kashkari says the central bank will continue to hike rates appropriately. St Louis Fed Chairman James Bullard is adamant that recession remains a risk but Ark Invest's Cathie Wood believes deflation is around the corner in the next six months. European authorities launch probes into 3 gas leaks coming from the Nord Stream 1 and 2 pipelines in the Baltic Sea. Poland's Prime Minister Mateusz Morawiecki and Denmark's Mette Frederiksen believe sabotage cannot be ruled out. 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 at Threadneedle Street as sterling claws back some of yesterday's record losses versus the dollar. The BoE and the Treasury have moved to calm jittery investors amid a brutal gilt sell-off. In the U.S., the Dow enters bear market territory while the S&P 500 posts its lowest close this year. Chatham House senior advisor Jim O'Neill says that assets are following messaging from the Fed. The World Bank slashes its China growth forecast, saying that it will lag behind regional peers for the first time in more than 30 years. Industrial profits continue to be impacted by Covid restrictions. 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 in Rome where the centre-right coalition have won a clear majority with 43 per cent of the vote. Fratelli d'Italia leader Giorgia Meloni is now set to be Italy's next prime minister. The opposition Democratic Party has conceded defeat with the fractured centre-left bloc struggling in the polls. In forex news, sterling falls to its lowest level against the dollar since 1971 as investors fear Chancellor Kwasi Kwarteng's tax cuts cluster will increase the UK's debt burden. The Dow has hit its lowest point this year as the global sell-off continues.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street is in the red for a third consecutive day while European equities hit an 18-month low amid a slew of central bank tightening measures. Italy's political parties hold their last rallies ahead of Sunday's snap election. Brothers of Italy leader Giorgia Meloni says her party is ready to govern. The BoE is split with the UK government with one voting member questioning policy in tackling inflation. Chancellor Kwasi Kwarteng is set to slash taxes in his mini-budget. And at the UN, Russian foreign minister Sergei Lavrov walks out of the Security Council over alleged war crimes committed in Ukraine by Russia forces. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

“Software plus heroism can really slay the giant,” Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick in his analysis of how big data and technology have changed modern warfare. Karp is carefully watching Russia's first military mobilization since World War II and the ongoing crisis in Ukraine; he thinks that countries around the world are taking notice of the new global order. The Federal Reserve has raised its benchmark interest rate 75 basis points and the world's central banks are moving similarly, working aggressively to combat inflation. Former Federal Reserve Vice Chair Roger Ferguson discusses the road ahead for Fed Chair Jay Powell and offers perspective on the market reaction. The CEOs of the nation's largest consumer banks faced Congressional questioning this week; some financial leaders say they don't plan to use the new merchant code classification for firearms purchases.  And Disney heiress Abigail Disney is taking on inequality inside the company her grandfather founded – she discusses how her viral comments on Squawk Box led to her advocacy.  In this episode:  Alex Karp @PalantirTechAbigail Disney @abigaildisneyBecky Quick @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

The U.S. Federal Reserve increases interest rates by 75bps for the third consecutive month. The rate is now at its highest level since early 2008. Chairman Jerome Powell warns that the there will be more rate moves to come to tackle inflation. U.S. equities are down and the 2-year Treasury yield has hit 4 per cent for the first time in 15 years. The BoJ, however, holds rates at record low levels. At the UN, U.S. President Joe Biden leads global condemnation of Russia's partial military mobilisation and threats of nuclear strikes. 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 continue their sell-off with 2- and 10-year Treasury yields reaching new highs ahead of another large Fed rate hike. Hedge fund manager Leon Cooperman slams U.S. Fed chair Jerome Powell for “irresponsible fiscal monetary policy”. JP Morgan CEO Jamie Dimon gives a stormy economic forecast ahead of Congress appearances by bosses of the seven largest U.S. banks. Russian President Vladimir Putin is expected to give his first national address since the beginning of the Ukraine invasion. The Kremlin is likely to ramp up military operations in the country and to fast-track annexation referenda in four occupied territories. And in energy news, Berlin is set to complete the final stage of its takeover of troubled utility Uniper, also providing a further €8bn in support measures.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 are braced for the Fed's policy meeting starting today, breaking a two-day losing streak and pushing the 10-year Treasury yield to an 11-year high. The PBC keeps rates steady with the BoJ expected to do the same despite inflation reaching an 8-year high. Germany is expected to ink a gas deal with Qatar as it pivots away from Russian energy. However Bilfinger CEO Thomas Schulz tells this channel that Europe has the requisite energy infrastructure to weather the current power crisis. In autos news, Ford shares reverse in extended trade after supply chain issues weigh on costs.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 at Windsor Castle and in London where world leaders have arrived for the funeral of Queen Elizabeth II. The S&P 500 and the Nasdaq suffer their worst week since June ahead of the Fed's next meeting. In Europe, ECB officials warn of further rate hikes. In IPO news, Volkswagen aims for a partial valuation of Porsche of up to €75bn. And the EU could withhold €7.5bn of funding from Hungary over a rule-of-law dispute with Budapest.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. retail sales climb, and jobless claims fall ahead of next week's Fed meeting. This, as the market rally falters, with major U.S. indices on track for their fourth negative week in five, while Man Group CEO Luke Ellis tells CNBC he expects further pain to come as the Fed tightens policy and Fedex CEO Raj Subramaniam warns of a global recession. Chinese consumer confidence shows signs of resilience with retail sales rising at their fastest pace in six months, while factory output and investment data also top expectations. Russia acknowledges Chinese "questions and concerns" over the Ukraine war, after Presidents Putin and Xi hold in person talks for the first time since the invasion. In extended U.S. trade, Adobe shares sink after the software company announces a 20 billion dollar deal to buy Figma.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. producer prices fall for a second straight month as easing energy costs offer some respite, while the IMF's Kristalina Georgieva calls on central bankers to be stubborn in their fight against inflation. A shutdown deadline looms large, as President Biden mediates crunch talks to avoid a national railway strike that could throw U.S. supply chains into deeper disarray, potentially costing the economy $2 billion a day. Chinese President Xi Jinping makes his first overseas trip since the start of the pandemic, with the war in Ukraine on the agenda as he meets Russia's Vladimir Putin. In Europe, the French government announces it will cap energy price rises for households at 15 percent in 2023, at a cost of 16 billion euros and Uniper shares plunge after the gas importer confirms it is in talks with the German government over further support.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Markets have their worst day since June 2020 following worse than expected inflation data.  Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin hit the impact of inflation on investors, the housing market, and the outlook for the Fed's next interest rate decision.  Members of Congress can buy and sell stocks with few restrictions, The New York Times' Kate Kelly reports on the paper's exhaustive analysis of lawmakers and their family members' trades.Plus, Twitter's whistleblower Peiter Zatko tells the Senate Judiciary Committee about security flaws he saw at the social media company and Softbank is considering raising a third “Vision Fund” Kate Kelly @katekellyEamon Javers @EamonJaversDiana Olick @DianaOlickBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @ZachVallese

Wall Street plunges in its worst sell-off in more than two years, with the Dow diving 1200 points, while the two-year Treasury yield rockets to levels not seen since 2007, all after a hotter-than-expected U.S. CPI print of 8.3%, raising expectations the Fed could look to hike rates by 100 basis points at its next meeting. In other news, Germany's cabinet prepares to approve an expanded state support program for troubled energy providers, and Twitter shareholders approve Elon Musk's $44 billion takeover, while a whistleblower tells US lawmakers of alleged major security flaws at the social media platform and says regulators are ill-equipped for their role.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US CPI expectations ease according to a key Fed survey ahead of today's August print, with inflation expected to slow to eight percent. Swiss lender UBS hikes its annual dividend by ten percent and announces share buybacks will top five billion dollars this year, as fellow bank Goldman Sachs plans to cut hundreds of jobs this month according to a CNBC source, looking to rein in expenses amid a collapse in deals volume. Twitter shareholders reportedly vote in favour of Elon Musk's 44 billion dollar takeover, as the billionaire tries to force his way out of the deal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Queen Elizabeth's coffin lies in rest in Edinburgh, after a six-hour journey from Balmoral Castle, with her funeral set to take place on Monday September 19. King Charles III is formally proclaimed sovereign, with the new monarch set to start a tour of the UK in Scotland, for a service marking the passing of his mother. Ukrainian forces reclaim large stretches of territory in the northeast of the country, as Russia makes a hasty retreat and launches a barrage of missiles into Kharkiv. Crude prices slip amid warnings China's fuel demands could contract for the first time since 2002 as Beijing continues to impose a zero-covid policy approach to covid cases.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The UK begins a period of mourning after Her Majesty Queen Elizabeth the Second dies aged 96, ending the reign of the world's longest serving monarch. His Majesty, King Charles the Third ascends to the throne, and says the loss of his mother will be felt deeply. Condolences pour in from around the globe as world leaders praise her dignity and dedication, calling her passing a great loss to the international community. In other news, the ECB hikes rates by a record 75 basis points, to the highest level since 2011, pushing eurozone yields higher as Christine Lagarde pledges to keep up the inflation fight. US Federal Reserve Chair Jerome Powell echoes Christine Lagarde's comments, vowing to continue his battle with inflation stateside.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ECB policy makers are expected to hike by a record-breaking 75bps to combat inflation amid sky-rocketing utility prices. U.S. equities are in the green and crude prices bounce back following the Fed's Lael Brainard insisting the central bank must hold its nerve in containing inflation. The dollar is at a 24-year high against the yen. New UK leader Liz Truss attends her first Prime Minister's Questions as sterling sinks to its lowest level since 1985. The EU is proposing a price cap on Russian gas in order to mitigate the energy crisis facing the bloc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street closes in the red yet again. The Nasdaq posts its longest daily losing streak since 2016. Richmond Federal Reserve President Thomas Barkin says that rates must stay high until inflation is contained. New UK Prime Minister Liz Truss is reportedly planning a £100bn package to help millions of households cut sky-rocketing energy bills this winter. Gazprom has signed a deal to permit Chinese customers pay for its gas in yuan or roubles in a bid to move away from the dollar. Goldman Sachs says that European household energy costs could soar by $2tn by next year. We hear from Uniper CEO Klaus-Dieter Maubach who says “the worst is still to come” for European gas consumers. And in China, August exports numbers slow with Covid restrictions, inflation and energy supply problems all weighing heavily. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gazprom reportedly claims Siemens Energy must carry out maintenance work on the Nord Stream 1 pipeline before gas supply to Europe can resume. Brussels is suggesting an EU-wide gas price cap. Enagas CEO Arturo Gonzalo tells CNBC that Moscow's behaviour will only serve to strengthen Europe's resolve to stop dependence on Russian hydrocarbons. Liz Truss becomes the next UK prime minister and is due to receive the keys to 10 Downing Street later today. In Australia, the RBA raises interest rates by 50bps in a bid to rein in price pressures. And in energy news, Opec+ announces a ‘miniscule' cut of 100,000bpd from October.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gazprom indefinitely cuts gas supplies to Europe via the Nord Stream 1 pipeline. We hear from EU Commissioner Paolo Gentiloni at the Ambrosetti Forum who says that the Kremlin is weaponising energy but insists the West will not flinch. Sweden, Finland and Germany have scrambled to announce energy support packages, warning of a Lehman Bros-moment for the sector. In the U.S., equities are in the red for the third straight week despite solid August jobs numbers. Republican senator Lindsey Graham tells CNBC that Donald Trump must focus on policy should he decide to run for President in 2024. In Italy, Giorgia Meloni's Fratelli d'Italia party leads polls just weeks before the general election. We speak to Democratic Party leader Enrico Letta who believes his party offers a viable alternative vision for the country. We are also live in Downing Street ahead of the Conservative Party leadership contest result.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Waterbreak: 09/04/2022 Intro Good evening America! What does Big Eva and Joe Biden have in common, besides possible appearances on Epstien’s plane? They both are losing their minds. This Reminds me the difference between an atheist and big eva? The atheist is honest about not following the teachings of Christ. Most of the team is back and we are going to talk about So, grab your best scotch or Dr. Pepper and enjoy the show. Plug Redballoon Not so long ago, the American dream was alive and well. Employees who worked hard were rewarded, and employers looked for people who could do the job, not for people who had the right political views. RedBalloon.work is a job site designed to get us back to what made American businesses successful: free speech, hard work, and having fun. If you are a free speech employer who wants to hire employees who focus on their work and not identity politics, then post a job on RedBalloon. If you are an employee who is being censored at work or is being forced to comply with the current zeitgeist, post your resume on RedBalloon and look for a new job. redballoon.work, the job site where free speech is still alive! www.redballoon.work Belly Flop or Canon Ball What do you think are the top issues facing the evangelical church? Pastoral burnout? The LGBT=+ identity crisis? Fighting for your state to make abortion illegal? Church leaders getting arrested during the “pandemic”? This should be easy. Well, this past week, The National Association of Evangelicals came out with a report titled: “Loving the Least of These: Addressing a Changing Environment” and the goal of this study is to highlight how climate change will have the greatest impacts on those in poverty. Never mind what the pandemic did to the poor, no, big eva has to join with Greta Thunberg and speak against big Chrisitan families who own suburbans. Big Eva is in trouble, in trouble like Biden’s economy is in trouble. Biden’s economy is inflated with all the helium reserves of government school economics and Big Eva fog machines are running out. The tweet of the week came from GoThoughtLeader which stated: “Those who are angry about the loan forgiveness because they have already paid theirs off are like the day workers in Jesus' parable who are angry that the master paid the same amount to the laborers who showed up later in the day. #debtforgiveness #Forgiveness” Now, to be clear, this is a parody account, but he fooled some people, because it sounds so big eva. The point I want to drive home is that Big Eva will only address issues that the liberals give them permission to address, like climate change, immigration, or student loan forgiveness. This is why big eva went silent during the pandemic. This is why big eva whispers about RoeVWade being overturned. This is why big eva refuses to say anything that actually might set liberals off. But we want to be antifragile Chrisitans. The kind of Chrisitans that do not care what man thinks of us, and the kind of Christians that will say exactly what God wants us to say, in season and out of season. Our culture is full of cancer, and this cancer is impacting our classrooms, our politicians, our churches, our businesses and big eva will not stand up and fight against this cancer. It is refreshing when guys like Joe Rogan or Aaron Rodgers speak up, but shame on big eva for their silence. Just this passed week, Kyle Bass is an American investor and founder of Conservation Equity Management, was on Squawk Box speaking against ESG…  Rod Martin respond to this video: https://notthebee.com/article/cnbc-guest-drops-straight-facts-about-the-disastrous-and-evil-esg-and-green-energy-policies-which-will-end-up-starving-the-poor-children-of-the-world-and-killing-many-of-them ESG will bankrupt businesses. Joseph Backholm -On Thursday night Joe Biden addressed the nation, and he tried to cast republicans as anit-democratic and destructive. Listen to this clip. -https://twitter.com/Cernovich/status/1565497000958652416?s=20&t=VE-okLEJwc3953G7rsAuUg Jacob Daniel: It is clear that our political leaders want to label and cast identity onto groups of people in order to control the narrative and maintain power, how should we as Christians sort through identity politics? How has our identity politics been fueled by a lack of discipleship from the church? News that John Branyan can trust: Sharks Dogs Cry Trump Isn't Satan Farley Blames Baptists for Inflation and Global warming. Outro: Go find ways to engage this world with your gifts and abilities, don’t hide your faith under a bushel, and to live out the Lordship of Christ in every area of your life. This is the Waterboy with Waterbreak, until next Sunday, go Fight Laugh and Feast. Images for Monologue *Russel Moore double masked

Waterbreak: 09/04/2022 Intro Good evening America! What does Big Eva and Joe Biden have in common, besides possible appearances on Epstien’s plane? They both are losing their minds. This Reminds me the difference between an atheist and big eva? The atheist is honest about not following the teachings of Christ. Most of the team is back and we are going to talk about So, grab your best scotch or Dr. Pepper and enjoy the show. Plug Redballoon Not so long ago, the American dream was alive and well. Employees who worked hard were rewarded, and employers looked for people who could do the job, not for people who had the right political views. RedBalloon.work is a job site designed to get us back to what made American businesses successful: free speech, hard work, and having fun. If you are a free speech employer who wants to hire employees who focus on their work and not identity politics, then post a job on RedBalloon. If you are an employee who is being censored at work or is being forced to comply with the current zeitgeist, post your resume on RedBalloon and look for a new job. redballoon.work, the job site where free speech is still alive! www.redballoon.work Belly Flop or Canon Ball What do you think are the top issues facing the evangelical church? Pastoral burnout? The LGBT=+ identity crisis? Fighting for your state to make abortion illegal? Church leaders getting arrested during the “pandemic”? This should be easy. Well, this past week, The National Association of Evangelicals came out with a report titled: “Loving the Least of These: Addressing a Changing Environment” and the goal of this study is to highlight how climate change will have the greatest impacts on those in poverty. Never mind what the pandemic did to the poor, no, big eva has to join with Greta Thunberg and speak against big Chrisitan families who own suburbans. Big Eva is in trouble, in trouble like Biden’s economy is in trouble. Biden’s economy is inflated with all the helium reserves of government school economics and Big Eva fog machines are running out. The tweet of the week came from GoThoughtLeader which stated: “Those who are angry about the loan forgiveness because they have already paid theirs off are like the day workers in Jesus' parable who are angry that the master paid the same amount to the laborers who showed up later in the day. #debtforgiveness #Forgiveness” Now, to be clear, this is a parody account, but he fooled some people, because it sounds so big eva. The point I want to drive home is that Big Eva will only address issues that the liberals give them permission to address, like climate change, immigration, or student loan forgiveness. This is why big eva went silent during the pandemic. This is why big eva whispers about RoeVWade being overturned. This is why big eva refuses to say anything that actually might set liberals off. But we want to be antifragile Chrisitans. The kind of Chrisitans that do not care what man thinks of us, and the kind of Christians that will say exactly what God wants us to say, in season and out of season. Our culture is full of cancer, and this cancer is impacting our classrooms, our politicians, our churches, our businesses and big eva will not stand up and fight against this cancer. It is refreshing when guys like Joe Rogan or Aaron Rodgers speak up, but shame on big eva for their silence. Just this passed week, Kyle Bass is an American investor and founder of Conservation Equity Management, was on Squawk Box speaking against ESG…  Rod Martin respond to this video: https://notthebee.com/article/cnbc-guest-drops-straight-facts-about-the-disastrous-and-evil-esg-and-green-energy-policies-which-will-end-up-starving-the-poor-children-of-the-world-and-killing-many-of-them ESG will bankrupt businesses. Joseph Backholm -On Thursday night Joe Biden addressed the nation, and he tried to cast republicans as anit-democratic and destructive. Listen to this clip. -https://twitter.com/Cernovich/status/1565497000958652416?s=20&t=VE-okLEJwc3953G7rsAuUg Jacob Daniel: It is clear that our political leaders want to label and cast identity onto groups of people in order to control the narrative and maintain power, how should we as Christians sort through identity politics? How has our identity politics been fueled by a lack of discipleship from the church? News that John Branyan can trust: Sharks Dogs Cry Trump Isn't Satan Farley Blames Baptists for Inflation and Global warming. Outro: Go find ways to engage this world with your gifts and abilities, don’t hide your faith under a bushel, and to live out the Lordship of Christ in every area of your life. This is the Waterboy with Waterbreak, until next Sunday, go Fight Laugh and Feast. Images for Monologue *Russel Moore double masked

We are live on the shores of Lake Como in Italy for the Ambrosetti Forum as Italy announces a multi-billion euro inflation-busting emergency programme. This as the 10-year yield hit 4 per cent for the first time since June. However, Ambrosetti CEO Valerio De Molli tells CNBC that the country is not about to slip into another debt crisis. Investors anticipate the U.S. August jobs report with the Dow breaking a four-day losing streak. Russia vows to stop selling crude to nations supporting an oil price cap. Brent and WTI gain in early trade. And in food and beverage news, Starbucks unveils Laxman Narasimhan as its new CEO in a bid to impose the coffee chain giant's Reinvention plan. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. equities are set to start the new month in the red following their worst monthly performance in seven years. Treasury yields continue to rise as Cleveland Fed President Loretta Mester pours cold water on hopes inflation has been tamed. In Covid-hit China, factory activity contracts for the first time in August. Growth concerns weigh on crude prices which have suffered their worst losing streak since April 2020. Shares in Nvidia and AMD slump after Washington curbs exports to Beijing. And in the UK, sterling posts its steepest monthly decline since Brexit as Conservative Party leadership hustings draw to a close. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. equities continue their slide in the red with the S&P 500 dipping below its 50-day moving average. Richmond Fed President Thomas Barkin, however, says a recession is not inevitable. We hear from French Finance Minister Bruno Le Maire who says that he backs emergency measures to rein in rampant energy prices throughout Europe. Russia cites maintenance issues as it turns off gas supplies into Europe via the Nord Stream 1 pipeline, which had already been functioning at just 20 per cent capacity. In China, factory activity falls yet again in August, hamstrung by Covid outbreaks and power outages. World leaders pay tribute to the last Soviet leader, Mikhail Gorbachev, who has died aged 91. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian markets stage a rebound following more declines from U.S. markets overnight. Treasury yields also climb with the 2-year bill hitting its highest level since 2007 following Federal Reserve Chairman Jerome Powell's Jackson Hole comments last week. ECB chief economist Philip Lane has said he backs incremental rate hikes, warning that bigger increases could have adverse effects on the bloc. The EU has set out emergency measures to decouple electricity and gas in a bid to rein in ‘skyrocketing' energy costs. In China, tech firms continue their slump, logging their worst earnings quarter ever. There is one outlier – e-retailer Pinduoduo – which posts better=than-expected Q2 numbers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow drops 1,000 points following Federal Reserve Chairman Jerome Powell's Jackson Hole speech. Powell sparked a global sell-off after warning of increased pain to come in the struggle against rampant inflation. The ECB follows suit, predicting further sacrifices to curb price pressures on this side of the Atlantic. In China, July's industrial profits slump on the back of continuing Covid restrictions and power outages hit factory performance. Regulators have called on banks to provide more support. And in crypto news, Bitcoin is on course for its fifth day of declines, dipping below the $20k mark amid concerns about the Fed's rate hike trajectory.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow finishes in the green with U.S. markets eagerly anticipating Federal Reserve Chairman Jerome Powell's Jackson Hole speech later today. Fed officials speaking to CNBC at the Wyoming symposium have reiterated the need to keep raising interest rates to bring down U.S. inflation. President Biden signs an executive order to boost chip production. At a mid-term elections rally in Maryland he called Trump philosophy ‘semi-fascist'. In Zaporizhzhia, Ukraine, back-up systems have sparked into action following shelling at Europe's largest nuclear plant, which disconnected it from the country's grid. British energy regulator Ofgem prepares to lift the price cap, causing bills to soar for millions of households from October.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 are in the green after three negative sessions with investors seeking further Fed clarity ahead of the start of the Jackson Hole Symposium today. President Biden fulfills his 2020 campaign promise of student loan forgiveness one week before a moratorium on payments and interest. The move will affect millions of graduates with $10,000 debts. Tesla undergoes its second stock split in 2 years on a 3-for-1 basis. In Germany, Economy and Climate Protection Minister Robert Habeck announces energy-saving measures designed to save 2 per cent of gas consumption this winter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. indices are down for their third straight session following further hawkish comments from the Federal Reserve. Investors' expectations that Chairman Jerome Powell would move away from the central bank's tightening progamme have been dampened. In energy news, crude is also down on anticipation that any Opec+ output cuts could coincide with the return of Iranian oil to markets as part of a renewed nuclear deal. Chinese e-commerce giant feels the strain of continuing Covid restrictions in the country, posting a record-breaking slow quarter. And the U.S. is set to unveil a $3bn security package for Ukraine which is today marking six months since Moscow's invasion of its territory. 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 post their worst session in June with the 10-year Treasury yield hitting 3 per cent. Investors are anticipating Fed rate setters will double-down on their hawkish positions at the Jackson Hole Symposium later this week. In forex news, the dollar is up while the euro plunges to a two-decade low. German Chancellor Olaf Scholz visits Canada to seek alternative energy sources following the Russia's invasion of Ukraine. In China, the PBOC is set to off $29bn worth of special loans to property developers in order to stabilise a worsening housing crisis. And in retail news, Adidas announces the surprise departure of CEO Kasper Rørsted. 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 breaks a 4-week rally and Treasury yields rise ahead of the Jackson Hole meeting of central bankers this week. Beijing cuts its base lending rate in a bid to revive its faltering economy amid extended Covid restrictions and a property sector crisis. Russia is set to undertake a further 3 days of ‘planned maintenance', halting natural gas deliveries to Europe. And in entertainment news, Cineworld is reportedly to file for bankruptcy, citing a lack of blockbuster movies.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 look to attempt to revive their recent rally. The S&P 500 is on track to end its fifth straight week in the green. St. Louis Federal Reserve President James Bullard has repeated his call for a further 75bps hike in September. Home goods retailer Bed, Bath & Beyond sees shares nosedive after billionaire investor Ryan Cohen withdraws his entire stake in the company. Also in the U.S., Kohl's beats expectations but shares fall on the news that the department store chain has cut its guidance as middle income consumers feel the inflation pinch. Greece prepares to formally exit Brussels' ‘enhanced' fiscal surveillance programme to mark the end of its debt crisis.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow's five-day winning streak ends and Treasury yields grow as the Federal Reserve admits its aggressive tightening policy has been risky and that inflation still shows no signs of receding. We hear from the new Opec Secretary General Hathaim Al-Ghais who says Chinese consumption fears are exaggerated and that a return to pre-Covid demand depends on jet fuel recovery. In the U.S. Target misses Q2 expectations and sees profits plunge by 90 per cent despite discounts on clothing and electronics. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It's a fifth straight day of gains for the Dow since May. Retail stocks have been particularly resilient. Walmart ups its full-year guidance after beating both Q2 revenue and earnings forecasts. Shares are up by 5 per cent for the retail giant. CEO Doug McMillon remains cautious, telling this channel that inflation is hurting U.S. consumers, forcing them to adapt their shopping habits. In China, an extended heatwave has prompted authorities to shut down factories in southern provinces for six days to save electricity. And in energy news, crude prices recover and there are signs the oil market is tightening following a drop in U.S. stockpiles. 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. markets rally continues with the Dow closing above its 200-day moving average for the first time in four months. Disney shares are up on the news that investor Daniel Loeb's Third Point is to buy a new stake in the entertainment giant. The hedge fund manager has also written to CEO Bob Chapek urging him to spin off sports network ESPN. In mining news, BHP posts its best profit in 11 years and has suggested it may improve a bid for Oz Minerals. And in Germany has introduced a new gas price levy on households and businesses with Energy Minister Robert Habeck blaming Russia for allegedly weaponising resource security in the wake of the Ukraine conflict.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Weaker-than-expected retail and factory data prompts the Chinese central bank to slash the key lending rate as its zero-Covid strategy continues to impact the country's economy. The S&P 500 posts its fourth consecutive winning week ahead of a slew of U.S. retail earnings. However, Richmond Federal Reserve President Thomas Barkin tells CNBC that demand is softening. In energy news, Saudi Aramco hits a record $48.4bn profit in the second quarter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The recent U.S. equity rally stalls despite July wholesale prices showing a surprise decline. Treasury yields edge higher on anticipation the Federal Reserve can achieve a ‘Goldilocks' soft landing. In pharma news, GSK, Sanofi and Haleon all see shares slump due to continuing litigation issues relating to a recalled heartburn drug. UK GDP figures are due out with soaring utility prices set to weigh heavily. And U.S. EV maker Rivian posts a Q2 loss of $1.7bn, sending shares tumbling in after-hours trade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.