Skip to content
SQUAWK BOX, THURSDAY 18TH MAY, 2023 episode artwork

May 18, 2023 27 min

SQUAWK BOX, THURSDAY 18TH MAY, 2023

from Squawk Box Europe Express

It appears U.S. President Joe Biden and House Speaker Kevin McCarthy may be closing in on a deal to avert a default. As Biden flies to Hiroshima to attend a G-7 summit, McCarthy tells our U.S. colleagues that the size of the debt issue can no longer be ignored. The optimism pushes the Dow by 400 points and regional banks also surge with Western Alliance reporting strong deposits for the quarter. In retail news, U.S. giant Target sees shares rise on an earnings beat but warns that organised retail theft could cost the company up to $1bn. Deutsche Bank agrees to settle a lawsuit concerning Jeffrey Epstein’s victims with a $75m payout following accusations that the lender enabled the late financier’s sex trafficking activities. Global debt has soared by $8tn in the first quarter this year as rising interest rates drive costs up. Total global debt has now stabilised at 335 per cent of GDP.

Episode details come from the podcast's RSS feed.

Embed this episode

Ready to play

SQUAWK BOX, THURSDAY 18TH MAY, 2023

0:00 27:11

No transcript yet.

Requests help us decide what to transcribe next.

Share this episode

Similar podcasts

Sacred CEO Dr. Claudia Consolati Welcome to Sacred CEO! The podcast where visionary women learn to be bold with their voice and become the 6 and 7 figure CEO’s of their businesses and lives. I'm your host, Dr. Claudia, former Ivy-League trained professor turned business coach for women with a big message and a big story to share, and whose ideas don’t fit neatly into a box (and maybe even challenge the status quo). My mission is to teach women how to find and unleash their voice, share it unapologetically, and make money while building real wealth. You’ll hear solo episodes and interviews on topics such as business, spirituality, and relationships. We’ll talk about ALL the things that women are not supposed to talk about - such as unapologetic self-expression, confidence & magnetism, money, wealth, and power. Let’s dive in because it’s time to get unleashed!

Frequently asked questions

How long is this episode of Squawk Box Europe Express?

This episode is 27 minutes long.

When was this Squawk Box Europe Express episode published?

This episode was published on May 18, 2023.

Can I download this Squawk Box Europe Express episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.