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CNBC's flagship show in Europe sets you up with everything you need to know for the European business day. Anchors Steve Sedgwick, Karen Tso and Arabile Gumede engage in unscripted and dynamic debate on the day's top stories. They are joined by leading business executives, policymakers, financial strategists, fund managers and other newsmakers to provide original points of view and instant analysis of the latest business news and key market themes.
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Standard Chartered announces its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term…
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Asian equities bounce, shaking off a down week Stateside, as investors look to a trio of central bank decisions and a slew of earnings. China's factories see robust profit gains in June, offering a ray of hope to authorities as they grapple with a slowing economy. U.K. Chancellor Rachel Reeves is set to unveil a review of public finances today, wit…
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The S&P 500 and the Nasdaq are set to end their second consecutive week in the red as investors continue to move away from the major tech stocks. U.S. GDP data surprises to the upside in Q2, with the economy growing close to 3 per cent and business investment reaching its fastest pace in almost a year. In luxury news, French designer Hermes bucks t…
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The S&P 500 and the Nasdaq post their worst session since 2022 as tech stocks continue to slide. Asian equities suffer as a result. Lacklustre demand for luxury goods in China impacts Kering’s quarterly sales with further declines expected in H2. French autos giant Renault notches record H1 numbers on the back of strong EV sales and cost-cutting me…
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Alphabet slides on weak YouTube ad numbers
22:10
22:10
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Alphabet sees its shares slide as YouTube ad revenue comes in soft. Tesla stock is also down as the EV maker notches its fourth earnings miss in a row. CEO Elon Musk, however, remains bullish about the company’s self-driving USP. Luxury giant LVMH misses topline quarterly forecasts as Chinese consumers pare back spending . The French group is the l…
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Harris secures Democrat nominee frontrunner position
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U.S. Vice-President Kamala Harris strengthens her position as the frontrunner for the Democratic nomination, gaining the backing of a majority of pledged delegates. U.S. stocks rally with mega-caps clawing back some recent losses ahead of key earnings today. CNBC learns that cloud security firm Wiz has spurned Google’s $23bn takeover bid and may in…
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U.S. President Joe Biden drops out of the 2024 race for the White House and endorses Vice-President Kamala Harris for the Democratic nomination. Harris gains some early backing since yesterday’s announcement but key Congressional figures and former President Barack Obama stop short of endorsing her candidacy. In China, the PBOC surprises markets by…
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Wall Street is split, with the Nasdaq recording its worst session since December 2022 while the rotation away from tech stocks continues, helping the Dow to close above the 41,000-point mark for the first time. President Biden pulls out of an event in Nevada after testing positive for Covid while at the RNC in Milwaukee, Ohio Senator JD Vance invok…
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Semi-conductor earnings are in focus with ASML earnings due while shares in TSMC slump after GOP presidential nominee Donald Trump says he would demand Taiwan pays for American protection against China. The Dow rallies more than 700 points to close at a new record high on new optimism over Fed rate cuts. HSBC appoints Georges Elhedery as its new gr…
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Donald Trump selects Ohio senator JD Vance as his running mate for November’s presidential election, just two days after the weekend assassination attempt in Pennsylvania. U.S. President Joe Biden defends his mental acuity in an NBC interview while warning that the threat from his opponent is too serious to ignore. German clothing brand Hugo Boss s…
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Former U.S. President Donald Trump survives an assassination attempt while speaking at a campaign rally in Butler, Pennsylvania ahead of his formal presidential nomination at the GOP convention in Milwaukee. President Joe Biden makes a televised address to the nation condemning the shooting, asking Americans to ‘cool down’ political rhetoric. In Ch…
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Gaffe-prone Biden determined to stay on presidential ticket
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27:49
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President Biden remains defiant in the face of top Democrats’ calls to step down from the presidential nomination following his latest string of gaffes during last night’s NATO press conference. The S&P 500 and the Nasdaq are both down from recent record highs as the U.S. inflation print for June comes in as the weakest monthly reading in 4 years. …
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The S&P 500 records its longest streak in the green, closing above 5,600 for the first time ahead of today’s U.S. CPI data print. In Washington, NATO leaders are set to announce new aid measures for Ukraine while criticising China over its alleged support for Russia’s war in the country. Samsung unveils a range of new products at its Galaxy Unpacke…
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