SQUAWK BOX, FRIDAY 25TH AUGUST, 2023

The Dow’s rally is short-lived with the index now posting its worst day since March. Nvidia’s stellar quarterly numbers have been rapidly overshadowed by concerns over the Fed’s next rate move. In Jackson Hole, policy makers are split over whether interest rate hikes have gone far enough. Philadelphia Fed President Patrick Harker tells CNBC that rates should remain steady. Former U.S. President, Donald Trump, surrenders to authorities in Georgia over racketeering and conspiracy charges in the state, posing for the first ever presidential mugshot before being bailed. In energy news, concerns over waning Chinese demand weigh on oil prices while India’s oil and gas minister Hardeep Singh Puri tells our colleagues in Asia that his country’s supply is well diversified away from reliance on Russia.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.