Squawk Box Europe Express

Tesla earnings disappoint, sliding by 40 per cent in Q4. The EV maker has warned of weaker sales throughout 2024. Meanwhile, streaming giant Netflix sees shares hit double digits, helping the Nasdaq along with 34 points as new subscribers topped 13 million for the quarter. In aviation news, the FAA has limited production of Boeing 737 Max 9 jets but has approved existing craft for service with the...

Netflix shares are up in extended trade as the streaming giant boosts subscriber numbers and revenue beats expectations. The company has also inked a $5bn deal to stream live WWE. Former U.S. President Donald Trump secures victory in the New Hampshire primary over Nikki Haley who has refused to bow out of the race to become GOP presidential nominee. The contest will now move to Haley’s home state...

The Dow hits a record 38,000 points for the first time as major U.S. indices finish in the green for a second consecutive session ahead of a number of corporate earnings this week. The Nikkei follows suit in Japan – its highest level since 1990 - after the BoJ maintains its ultra-loose monetary policy. It has, however, cut its FY 2024 guidance. Israel has offered a two-month ceasefire with Ha...

U.S. markets are in the green with the S&P 500 surging to a new record high on the back of positive consumer data. In U.S. politics, Florida governor Ron DeSantis bows out of the race to become the GOP presidential candidate two days before the New Hampshire primary, endorsing former president Donald Trump. Former UN ambassador Nikki Haley is now Trump’s sole challenger for the nomination. Uni...

We are live in Davos where Ukrainian foreign minister Dmytro Kuleba tells CNBC he feels reassured by the Biden administration’s commitment to military aid for his country and that the tone of discussions remains constant. U.S. jobless claims hit a 16-month low while U.S. Tech stocks fuel a rebound on Wall Street. The Dow and the S&P 500, however, are set for their second negative week in...

European equities react negatively following hawkish comments from ECB President Christine Lagarde who warns not to expect interest rate cuts until the summer. In Davos we hear from outgoing Dutch Prime Minister Mark Rutte who says centrist parties in Europe must be clearer on tough issues in the face of populist party challenges. We also speak to UK Shadow Chancellor Rachel Reeves who is position...

China manages to attain its FY GDP targets, however its weak property sector and a fourth quarter miss drags on Asian equities. In Davos, we hear from Polish President Andrzej Duda who says he is not surprised that Ukraine refuses face-to-face talks with Moscow and warns military spending must increase in order to ward off Russian aggression in Europe. The U.S. launches fresh strikes on Houthi reb...

Former U.S. President Donald Trump wins a resounding victory in the Iowa caucus, solidifying his position as the GOP presidential frontrunner. Florida governor Ron DeSantis pips Nikki Haley to second place while Vivek Ramaswamy bows out of the race. We are live in Davos at the World Economic Forum where ECB board member Robert Holzmann tells CNBC exclusively that the central bank may not cut inter...

Taiwan’s incumbent Democratic Progressive Party win a historic third term in office with incoming president Lai Ching-te resisting pressure for reunification with China. The Nikkei rallies to breach 36,000 points for the first time in almost 34 years while Wall Street posts its tenth week in the green out of eleven. U.S. banks kick off earnings season. JPMorgan and Bank of America both see a drop...

Crude prices surge following U.S. and UK strikes on Houthis targets in western Yemen in response to continued attacks on commercial vessels in the Red Sea. In the U.S., CPI data comes in higher than expected. The Dow reaches a new intra-day high before closing the session flat. Chinese export data is up by more than expected for December but deflationary pressures persist with consumer prices fall...

It’s a monumental day for crypto with the SEC finally approving spot Bitcoin ETFs. Up to 11 funds are due to start trading as soon as today. Speaking to CNBC, Ark Invest President Tom Staudt says the asset class will now have a far greater reach among investors. U.S. markets are in the green with the Dow recording its fourth positive session in five ahead of today’s inflation data. Asian equities...

The Dow snaps a three-day winning streak despite chip maker Nvidia hitting a new all-time record. In Asia, Japan’s Nikkei 225 breaches the 34,000-point mark for the first time in 34 years. The SEC deletes a post on X which claimed crypto ETFs had been approved, with Bitcoin seesawing as a result. The World Bank says global growth is on track for its slowest half-decade in 30 years. Its Deputy Chie...

Chip giant Nvidia hits an all-time share price high on Wall Street, helping to push the Nasdaq since its best day since November. Boeing shares fall after Alaska Airlines and United both find loose bolts on parts of multiple 737 Max 9 planes. French Prime Minister Elisabeth Borne resigns ahead of an expected cabinet reshuffle by President Emmanuel Macron. In crypto news, Bitcoin breaches $47k for...

More than 170 Boeing 737 Max 9 are grounded temporarily by the FAA following an incident on an Alaska Airlines flight which saw a side panel blow off in mid-air. Wall Street records its first week in the red in ten following a stronger-than-expected U.S. jobs report for December. Oil is down after three weeks of gains in the past month as Saudi Arabia cuts crude prices to their lowest levels in mo...

U.S. equities continue their tough start to 2024 with the Nasdaq on its longest losing run since 2022. Private hiring in the U.S. is up for December with wage growth slowing ahead of today’s NFP data. The ADP’s chief economist Nela Richardson tells CNBC this trend is set to continue. Exxon says it will take a $2.6bn write-down over idled assets in California while Chevron CEO Michael Wirth tells o...

The Dow plunges almost 300 points on the back of perceived Fed hesitation with minutes showing uncertainty about rate cuts. Richmond Fed President Thomas Barkin told CNBC colleagues Stateside he will not rule out hikes. Chinese services activity hit a five-month high but this is offset by a poor employment report which has led to calls for more monetary easing. Disney wins the backing of twin hedg...

The Wall Street Santa rally fizzles out with the Nasdaq posting its worst first trading day since 2016. Apple shares fall after Barclays cuts its rating to ‘underweight’. Shipping giant Maersk halts Red Sea shipping, prolonging its 2-day pause indefinitely following sustained attacks on vessels from Houthi rebels. Lebanon’s Prime Minister accuses Israel of attempting to drag the country into the c...

Chinese equities begin 2024 in the red with official manufacturing activity contracting, despite a private survey showing the sector accelerating at its fastest pace in 7 months. At least 30 people have died in western Japan following a 7.6-magnitude earthquake. Many are believed to be trapped in the rubble and thousands of homes are without power. Oil is up after Iran sends a warship to the Red S...

All three major indices keep Wall Street firmly in the green ahead of the final trading day of the year. The Dow pushes higher and the S&P 500 is close to a fresh record high while A.I.-related stocks help to drive the Nasdaq 100 to its best run not seen since 1999. Europe follows suit with double-digit gains. The U.S. state of Maine joins Colorado in barring former President Donald Trump from...

Wall Street is on course to post an eight-week winning street with the Dow hitting a new closing high and the S&P 500 not far off its own record peak. The NYT sues Microsoft and OpenAI in a billion-dollar suit over copyright infringement. Apple wins a major legal victory after a U.S. appeals court rules to pause a government import ban on two of its watches. The tech giant had been in an intel...

The Wall Street Santa rally extends its eight-week winning streak with bets on a March Fed rate cut boosting stocks. In China, November industrial profits are up by almost 30 per cent for November thanks to a variety of government stimulus measures. However, the numbers are still behind 2022 for the year at this point. In Hong Kong, gaming stocks lead the way as Beijing regulators confirmed they w...

The U.S. Santa rally is back on but European indices fail to follow suit with UK GDP receiving a downward revision signalling a potential recession next year. Sportswear giants in Europe see declines in early trade following Nike’s revenue forecast cut. The brand has unveiled a $2bn cost-cutting initiative which has knocked 10 per cent from its U.S. share price. Chinese authorities issue new spend...

The Wall Street Santa rally hits a wall with the Dow and the Nasdaq breaking a nine-day winning streak. The S&P 500 records its worst session since September. In media news, CNBC sources claim Warner Bros./Discovery and Paramount have launched merger talks in what could be a landmark mega-deal to gain market share in the streaming industry. Toyota sees shares nose-dive following a major U.S. r...

The Santa Rally accelerates with the S&P 500 nearing a new record high and Dow soaring more than 200 points in what was its ninth consecutive session in the green. The U.S. and its allies consider airstrikes against Houthi forces as part of Operation Prosperity Guardian to protect merchant vessels in the Red Sea. Maersk CEO Vincent Clerc tells our colleagues Stateside the security of his crews...

In Asia, equities are in the green with the Nikkei leading the way at the close but the Japanese yen dips as the BoJ is to maintain its ultra-loose monetary policy with no hint of when it will end its negative rate strategy. The Dow and the Nasdaq close narrowly up for the eighth straight session following more dovish predictions about 2024 rate cuts. Chicago Fed President Austan Goolsbee says he...