SQUAWK BOX, FRIDAY 5TH APRIL, 2024
04/05/24 • 31 min
The Dow sees its worst day in over a year and eyes its worst week in more than a year, as Minneapolis Fed President Neel Kashkari raises the possibility of no rate cuts this year. The U.S. jobs report comes into view with markets expecting payroll growth to slide to 200,000 in March. President Biden warns Israel's leader that America's continued support for its war with Hamas depends on the treatment of civilians in Gaza, calling the humanitarian situation "unacceptable". Elsewhere Bob Iger looks to move on from his boardroom battle with activist Nelson Peltz. And Samsung Electronics guides for a more than 10-fold increase in first quarter operating profit amid a rebound in global chip prices.
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The Dow sees its worst day in over a year and eyes its worst week in more than a year, as Minneapolis Fed President Neel Kashkari raises the possibility of no rate cuts this year. The U.S. jobs report comes into view with markets expecting payroll growth to slide to 200,000 in March. President Biden warns Israel's leader that America's continued support for its war with Hamas depends on the treatment of civilians in Gaza, calling the humanitarian situation "unacceptable". Elsewhere Bob Iger looks to move on from his boardroom battle with activist Nelson Peltz. And Samsung Electronics guides for a more than 10-fold increase in first quarter operating profit amid a rebound in global chip prices.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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SQUAWK BOX, THURSDAY 4TH APRIL, 2024
In the U.S., ADP data comes in hot but the service sector sees input prices fall to a four-year low. Federal Reserve Chairman Jerome Powell says it is still too early to predict the path of inflation. Disney CEO Bob Iger fends off his boardroom challenge from activist investor Nelson Peltz, ending the multi-million dollar proxy giant. We hear from CEO of French dairy giant Danone Antoine Saint-Affrique who hails the company’s official partnership with the Paris Olympics as well as its support for the farming industry. Greenhorn Capital’s David Einhorn tells our colleagues Stateside that he has a stake in Belgian chemicals company Solvay which has a top 5 position within his portfolio.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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SQUAWK BOX, MONDAY 8TH APRIL, 2024
The US jobs report beats expectations, sending equities higher and tempering expectations the Fed will start easing in June. Meanwhile, the UBS CEO Sergio Ermotti calls on Europe to create more competitive banks, telling CNBC at the Ambrosetti Forum the integration of Credit Suisse is a case study for the continent. US Treasury Secretary Janet Yellen threads the diplomatic needle as she urges China to rein in excess capacity, but China's commerce minister pushes back at accusations of overcapacity during a visit to Europe, rebutting claims the country's EV industry has benefited from unfair subsidies. And, Europe's largest travel group Tui gets set to ring the opening bell in Frankfurt, upgrading to the Prime Standard market after ditching its London listing.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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