SQUAWK BOX, MONDAY 8TH MAY, 2023
from Squawk Box Europe Express
Berkshire Hathaway CEO Warren Buffett hits out at regulators, politicians and the media for confusing the public on the safety of U.S. banks, despite regional lenders staging a strong rebound on Friday. The Dow jumps more than 500 points as Apple shares surge, with a stronger-than-expected non-farm payrolls report also driving gains. U.S. Treasury Secretary Janet Yellen warns there are “no good options” if Congress fails to raise the debt ceiling, as the Biden administration ramps up the pressure ahead of a June 1st deadline. HSBC shares hit a 2-month high in Hong Kong after the lender successfully rejects a proposal to spin off its Asian business amid pressure from its largest shareholder, Ping An. And, Standard Chartered CEO Bill Winters weighs in on the Fed’s hiking cycle, telling CNBC the market shouldn’t underestimate the resilience of price pressures.
Embed this episode
No transcript yet.