Squawk Box Europe Express

The U.S. unveils an H-1B visa with a $100,000 price tag which has sent shockwaves through U.S.-based tech sector companies. Indian tech stocks have plunged in early trade as a result. President Trump says he has an agreement with Chinese President Xi Jinping to keep TikTok operational in the United States with Oracle chairman Larry Ellison and media mogul Lachlan Murdoch set to be investors. The U...

President Trump ends his second state visit to the UK by signing a ‘tech prosperity deal’ with the country and haling the ‘special relationship’ between the two countries. UK Prime Minister Sir Keir Starmer heralds the agreement as the biggest investment package of its kind. The BoE keeps interest rates steady and reins in bond sales. Governor Andrew Bailey admits that the path for future cuts is...

U.S. Federal Reserve Chairman Jerome Powell delivers a long-anticipated rate cut as labour market concerns mount Stateside. President Trump is treated to a series of royal ceremonies, military parades, a flypast and a lavish white-tie banquet during his unprecedented second state visit to the UK. Today the focus turns to trade deals and a business roundtable together with Prime Minister Sir Keir S...

U.S. tech companies unveil more than $50bn in UK investments as President Trump arrives in the country for an unprecedented second state visit. CPI figures in the UK come in at 3.8 per cent – up 0.3 per cent month-on-month in August. In the U.S., investors are braced for a key rate decision from the Federal Reserve. U.S. Treasury Secretary Scott Bessent says the central bank has been behind the cu...

Google is the latest U.S company to unveil a UK investment as President Trump prepares to fly into the country for his historic second state visit. Trump is also due to speak to his Chinee counterpart President Xi Jinping on Friday following reportedly successful trade talks about TikTok’s ownership. With the FOMC convening, traders are anticipating a cut from the central bank as board of governor...

Chinese manufacturing growth in August came in at its weakest for a year while retail sales slumped to a nine-month low. Fitch downgrades France's credit rating to A+ from AA- due to a rising debt ratio and political upheaval following the collapse of Francois Bayrou's government. The UK announces investment from big banks and a nuclear power agreement ahead of President Trump's second state...

U.S. core inflation data comes in as expected while unemployment claims are almost at 4-year highs which boosts hopes of a Fed rate cut next week. Global equities respond by pushing into the green. U.S. Treasury Secretary Scott Bessent is set to hold talks with Chinese Vice-Premier He Lifeng in Madrid next week. Top of the agenda will be trade, security and Tik Tok’s presence in the U.S. See Priva...

A 36 per cent surge in Oracle shares helps to fuel a second day in the green for the S&P 500 after the tech giant announced a series of multi-billion dollar A.I. cloud deals. A police manhunt is under way following the assassination of conservative activist and founder of Turning Point USA, Charlie Kirk, at a university campus event in Utah. The ECB is expected to hold interest rates stea...

Israel fires missiles at Hamas’ leadership targets in Qatar, undermining hopes of a ceasefire in Gaza and drawing the ire of President Trump. Emmanuel Macron appoints defence minister Sebastien Lecornu as his next prime minister. Lecornu is now tasked with passing the government’s reform agenda as well as a its fiscal package. A U.S. judge has temporarily prevented President Trump from firing Fed...

We are live in Paris where the French government has collapsed after Prime Minister Francois Bayrou loses a vote of confidence over his austerity budget. France will now seek its fifth prime minister in less than two years. Bayrou warned lawmakers that while they can oust him, they cannot ‘erase reality’ about the country’s ballooning debt. We are also in Munich at the IAA Mobility 2025 show where...

We hear from U.S. Senator Richard Blumenthal at the Ambrosetti Forum who calls last week’s military parade attendees in Beijing “a tableau of tyrants”. The Democratic senator for Connecticut urged the U.S. and Europe to present a united front against an “axis of upheaval”. Japanese Prime Minister Shigeru Ishiba resigns after less than a year in power following a sequence of failed elections. The N...

We are live on the shores of Lake Como in Italy where trade and defence will the focus at the Ambrosetti Forum. We hear from Nobel laureate Joseph Stiglitz who says the EU should have performed better in trade negotiations with the U.S. The S&P 500 hits a new record high and bond yields fall following this week’s multi-year highs as markets await today’s U.S. jobs data, hoping for further Fed...

The recent bond rout calms but deeper concerns about the global fiscal picture keeps bond yields at multi-year highs. We hear from Commerzbank CEO Bettina Orlopp who says markets should closely monitor government responses. In the U.S., a soft jobs reports raises hopes of a September rate cut and helps ease pressure on the bond market. Fed chair candidate pick Christopher Waller suggests...

French and British bond yields hit multi-year highs as a rout develops on fiscal concerns. Beijing hosts world leaders including Russian President Vladimir Putin and North Korea’s Kim Jong-Un at a mass military parade to mark the 80th anniversary of the end of WW2. In tech news, Alphabet company Google notches a huge anti-trust win following a ruling by a U.S court which deemed it would not h...

Nestlé ousts its CEO Laurent Freixe following the revelation of an undisclosed relationship with a subordinate co-worker. The head of Nespresso, Philipp Navratil, has been appointed to run the Swiss food giant. Russian President Vladimir Putin has held talks with Chinese President Xi Jinping in Beijing, calling him ‘a dear friend’ as the two countries seek to strengthen global alliances following...

Chinese President Xi Jinping hosts leaders from more than 20 nations at the Shanghai Cooperation Organisation. Xi outlined his vision for a new global bloc to counter the current U.S. administration. An appeals court in the U.S. rules that most of President Trump’s trade tariffs are illegal which could trigger worldwide economic uncertainty. In retail news, shares in Alibaba soar on the back of st...

Fired Fed Governor Lisa Cook faces renewed pressure after a third criminal referral over her mortgage applications surfaces. President Trump shuts down a century-old tax loophole and threatens a 50 per cent levy on goods worth less than $800. And the European Union threatens Iran with a 30-day deadline to offer concessions regarding its nuclear programme or risk increased sanctions being reinstate...

Nvidia shares slump in after-hours trade as slowing revenue growth causes it to miss quarterly expectations in its data centre business. German defence company Rheinmettal unveils what will be Europe’s largest munitions plant. We hear from CEO Armin Papperger who says his company is doing his ‘utmost’ to fast-track defence production. Tesla European sales fall in July by more than 40 per cent – a...

Fired Federal Reserve governor Lisa Cook launches a lawsuit against her dismissal by President Trump which is now set to go all the way to the Supreme Court. France is on the brink of yet another parliamentary quagmire after French Prime Minister Francois Bayrou decides to put his budget cuts toa vote of no-confidence. Opposition lawmakers are vowing to oust Bayrou over the measures. Equities and...

President Trump dismisses Federal Reserve governor Lisa Cook over alleged mortgage loan improprieties but Cook says Trump has no grounds to remove her. In France, Prime Minister Francois Bayrou says he will put his budget cuts to a confidence vote in parliament. The three main opposition parties have already vowed to oppose his measures. And President Trump has threatened further tariffs on countr...

Fed Chairman Jerome Powell suggests labor market risks are now greater than inflation fears with a September rate cut now on the table. The markets respond with the Dow posting its best day in more than three months. In M&A news, drinks giant Keurig Dr Pepper is reportedly set to swoop for Dutch coffee group JDE Peet’s with an $18bn offer. The combined company would eventually split its drinks...

The focus is on Jackson Hole, WY., ahead of U.S. Federal reserve Chairman Jerome Powell’s keynote speech. The summit is overshadowed by political pressure over interest rates with policy makers divided over the forecast. Kansas City Fed chair Jeffrey Schmid tells CNBC a September rate cut is not set in stone. Wall Street is in the red with the S&P 500 suffering its longest losing streak since...

U.S. tech stocks are under pressure for a second consecutive day as investors question the staying power of the A.I.-fuelled rally seen across the sector this year. Ahead of the Federal Reserve symposium at Jackson Hole, President Trump demands the resignation of Fed governor Lisa Cook over accusations of mortgage fraud. New data from FOMC minutes show members’ division over the Fed’s inflati...

UK inflation for July comes in at 3.8 per cent year-on-year to dash short-term hopes of an interest rate cut and pile on more pressure on Chancellor Rachel Reeves. Tech stocks are down over A.I. concerns as the White House eyes more equity-acquired stakes in companies enjoying Chips Act funding. A Ukraine peace plan including U.S. security guarantees is developing. President Trump welcomes potenti...

President Trump encourages Ukrainian President Volodomyr Zelenskyy to hold face-to-face talks with Russian President Vladimir Putin following a marathon day of talks with EU, UK and NATO leaders in Washington. An optimistic Trump said the U.S. would provide Kyiv with security guarantees but also reiterated it would be Europe that would shoulder the bulk of the burden in helping Ukraine defend itse...