CNBC's flagship show in Europe sets you up with everything you need to know for the European business day. Anchors Geoff Cutmore, Steve Sedgwick and Karen Tso 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.
SQUAWK BOX, TUESDAY 3RD AUGUST, 2021
Standard Chartered announces it will be resuming its interim dividend and buy back $250m of shares after H1 profits soared by 60 per cent. French lender Société Générale reports €1.4bn net income for the second quarter. Delta variant spikes in the U.S. weigh on markets Stateside. We hear from the Fed’s Christopher Waller who says the economy is ready for tapering. And in China, online gaming stocks fall after state media attacks the industry as ‘spiritual opium’.
SQUAWK BOX, FRIDAY 30TH JULY, 2021
It’s another big day of earnings on both sides of the Atlantic. E-retail titan Amazon misses quarterly revenue forecasts for the first time in three years, warning that the slowdown is set to continue. Cosmetics giant L’Oréal is buoyed by make-up and perfume sales to reach a Q2 beat as economies re-open. Swiss building materials firm Holcim has posted record results for H1 and margins are up across all of its units. We also hear from Schneider Electric and SNAM. Unicredit is holding exclusive talks to snap up Banca Monte dei Paschi in a deal brokered by the Italian government.
SQUAWK BOX, THURSDAY 29TH JULY, 2021
It’s Super Thursday for many European corporates, including Volkswagen, Shell and Diageo. Credit Suisse releases a scathing report following an internal investigation into the bank’s failure to manage risk in the wake of the Archegos scandal. The Swiss lender’s investment bank revenues plunge by 40 per cent. Meanwhile, Airbus is buoyant, raising its guidance for deliveries and operating income. In the U.S., Facebook shares fall in after-hours trading despite beating Q2 earnings expectations. The social media giant is braced for a significant growth slowdown. And in China, tech shares lift after a CNBC source reveals that Chinese market authorities have met with top investment banks to calm concerns following Beijing’s recent regulatory crackdown.
SQUAWK BOX, WEDNESDAY 28TH JULY, 2021
Apple smashes Q2 expectations with every product line hitting double-digit growth and Chinese sales soaring by 60 per cent. The stock, however, is down as CEO Tim Cook warns of continued semi-conductor shortages. Deutsche Bank swings back into profit despite reporting trading headwinds in the second quarter. We also hear from the CFO of Santander after the bank posts a €3.6 bn H1 profit and says it will outfperform its 2021 targets. Plus, Gucci products drive French luxury firm Kering, which has almost doubled its revenue.
SQUAWK BOX, TUESDAY 27TH JULY, 2021
Tesla posts a record second quarter profit with net income of more than $1bn. However, CEO Elon Musk admits that the global semi-conductor shortage is causing serious problems for the company. Luxury giant LVMH sees sales soar by 80 per cent as economies reopen. Louis Vuitton and Dior are the standout brands in the quarter. French tyre maker is upping its full-year guidance after a strong H1 sales but supply chains concerns still remain. And in China, food delivery platforms are targeted by Beijing in its ongoing regulatory crackdown on tech firms.
SQUAWK BOX, MONDAY 26TH JULY, 2021
Major Chinese markets slump on the back of Beijing’s continuing regulatory crackdown, with billions wiped from tech, education and property stocks. After a volatile week, the Dow breaks through the 35k level. Investors await mega-cap tech earnings as well as the Fed rate decision later this week. In Germany, the continent’s largest real estate deal faces new uncertainty as Vonovia says it may fail to reach the 50 per cent acceptance threshold for its merger with Deutsche Wohnen. And there are widespread anti-vaccination passport demonstrations throughout France and Italy.
Best update in the morning!
Excellent podcast to catch up on all key global updates
I enjoy waking up in the morning and able to catch up on developments in Europe.
A great podcast.
CNBC part of Liberal Machine
A comment about this podcast and other shows on CNBC
Various CNBC anchors are so blatant about pushing their politics and have no problem with the fact that their obligation for objectivity is thrown out the window. Some anchors are more objective but all news host should be objective but liberals can’t help themselves .
How about stick to journalistic integrity and keep it about business news instead of pushing your political views (Sarah, Shepard S. )