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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 Julianna Tatelbaum 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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The Fed delivers a rate cut - but the most significant dissent in six years, and division over the policy outlook, reveal a split within the central bank. Nasdaq futures falter as Oracle's data centre spend surges, sending the stock down by double-digit percentage points in extended trade - as Norway's Sovereign Wealth fund shows caution on investing in the infrastructure. Bitcoin slips, briefly dipping below $90,000 and extending a fourth quarter downturn as traders brace for a potential crypto winner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Markets fully price in a 25-basis point cut at today’s Federal Reserve meeting, while deep divisions within the central bank put investors on edge about the potential for easing next year. Chinese consumer prices rise at their fastest level in two years, but factory gate prices remain in deflation territory for the 38th month in a row. Donald Trump condemns European leaders as ‘weak’ and says they ‘don’t know what to do’.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Federal Reserve is deeply divided over its December rate decision as hawkish commentary around the FOMC’s two-day meeting causes jitters among investors. President Trump is set to authorise exports of Nvidia’s H200 chip to ‘approved’ customers in China with 25 per cent of sales to be paid to the U.S. government as part of the agreement. Paramount has launched a last-minute $100bn offer for Warner Brothers Discovery in an attempt to thwart Netflix’s acquisition. Paramount CEO David Ellison says a deal with Neflix could potentially destroy Hollywood. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investors anticipate a Fed Christmas rate cut later this week with other central banks’ final policy meetings potentially following suit. Soaring Chinese exports to the EU push the country’s surplus beyond $1bn for the first time. Outbound shipments are up almost 6 per cent on the year with French President Emmanuel Macron threatening to slap tariffs on Beijing. Swiss lender UBS could soon benefit from the loosening of a banking regulation package which would otherwise require it to raise an additional $24bn in capital.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Global bond yields rise amid complicated pictures in the USA and Japan. Treasurys saw yields rise on stronger U.S. jobs data, while deepening expectations of a rate hike by the BOJ sees JGB prices fall. Elsewhere, Netflix has reportedly won the battle over Warner Bros Discovery; and Meta shares rise on reports the company is planning sweeping cuts to its ‘metaverse’ unit, a former darling of CEO Mark Zuckerburg.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
European markets are cautiously optimistic as weaker U.S. payrolls data overnight boosted hopes of a Fed rate cut next week. It’s a heavy day for geopolitics – French President Emmanuel Macron is in Beijing for a meeting with his Chinese counterpart Xi Jinping, with focus centered on expanding partnership and deepening understanding amid increased trade tensions. Elsewhere, the European Commission presented the details of its plan to use frozen Russian assets to help finance Ukraine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Risk sentiment is reentering markets this morning after AI optimism fueled gains in the U.S. overnight. Also in recovery is Bitcoin, which is surging higher following a week of brutal loses. On the geopolitical front, Russia and the U.S. failed to reach consensus on a deal to end the war in Ukraine, despite five hours of talks in Moscow. Elsewhere, two big AI names, Anthropic and OpenAI, in focus – Reports suggest Anthropic is in early talks to launch what would be one of the largest IPOs in history next year; while OpenAI CEO Sam Altman issued a companywide ‘code red’ memo this week, warning employees over increasing competition in the chat bot space.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
November was a whirlwind month for cryptocurrencies, and it seems that volatility is carrying over into December with Bitcoin posting its worst single day decline since March yesterday. Meanwhile, the head of the U.K.’s budget watchdog resigned after the OBR accidently released its report ahead of Chancellor Rachel Reeves’ budget last week. And in an exclusive interview with CNBC, the Bank of England’s Megan Greene laid out her outlook for the economy, and what she’d need to see in the labour market and inflation figures to prompt a rate cut.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Markets eye a cautious start to December with risk-off sentiment still very much in play amid AI valuation fears and continuing weakness in cryptocurrencies. U.K. Chancellor Rachel Reeves faces fresh scrutiny as claims swirl that she misled the public about the state of the country’s finances ahead of the budget last week. Progress continues over Ukraine – U.S. officials met with Ukrainian negotiators over the weekend, while a U.S. delegation heads to Russia to hammer out the details of a peace deal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
U.S. markets return following the Thanksgiving holiday but a technical glitch at a CME Group data centre impacts futures trading across equities, treasuries and commodities. European markets see out a turbulent month of November having seen large moves within the tech, health and defence sectors. The Nasdaq break a seven-month winning streak due to ongoing concerns around A.I. stock valuations. Russian President, Vladimir Putin comments on Ukrainian-American peace efforts, saying the talks could form the foundation of a future agreement ahead of next week’s talks with Hungarian PM Viktor Orban and the U.S. envoy Steve Witkoff. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
UK Chancellor Rachel Reeves raises the tax burden to an all-time high in her autumn budget, calling them ‘her choices’. Markets, however, remain sanguine with gilts falling and sterling pushing higher. German sportswear brand Puma sees shares surge on reports of a takeover bid from Chinese giant Anta Sports. And at the Adopt A.I. Action Summit in Paris, we hear from Airbus CEO Guillaume Faury who says European aerospace and defence companies are enthusiastic about scaling up to lead the way into what could become a new global space race.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
UK Chancellor Rachel Reeves is forewarning the country of ‘necessary choices’ to fill a £30bn fiscal hole ahead of her much anticipated high-stakes Budget later today. The Dow enjoys its best session since August, boosted by reports that Alphabet chips are attracting interest from social media giant Meta. Ukrainian President Volodomyr Zelenskyy says he is ready to progress on a revised peace plan for his country and is pushing for in-depth talks with President Trump later this week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
U.S. tech stocks start the new week in the green and the Nasdaq notches its best day in 6 months with Alphabet shares approaching the $4tn market valuation mark. The U.S. and Ukraine put forward a revised peace plan following 2 days of discussions in Geneva but the most contested points remain to be finalised by both presidents. The talks will now reportedly move to Abu Dhabi with a delegation arriving from Moscow. The UK’s fiscal watchdog, the Office for Budget Responsibility, is set to downgrade the country’s growth outlook a day before Chancellor Rachel Reeves’ high-stakes budget.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The U.S. and Ukraine find common ground on an ‘updated and refined’ peace agreement but the deal comes under criticism from President Trump and questions grow as to its origins. Markets on both sides of the Atlantic are set to begin the new trading week in the green as NY Federal Chairman John Williams suggests a rate cut could be imminent following a weakening employment print. And in mining news, BHP says it will abandon a last-ditch bid for rival Anglo American following news of a revised second offer more than a year and half since its initial approach See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
U.S. markets experience their largest single-day reversal since April with the Nasdaq plunging from a high of 2.5 per cent to end the session more than 2 per cent in the red. Following a strong jobs report, investors are now cutting the odds of a final interest rate cut for the year next month. Asia has followed suit overnight with tech stocks selling off while futures in Europe also point south. A U.S.-brokered peace agreement for Ukraine will reportedly demand key concessions from Kyiv which could include ceding land it currently controls as well as giving up its bid for NATO membership. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nvidia beats expectations in Q3 earnings and guides beyond projections for 2026, sending shares up 5 per cent in after-hours trading. CEO Jensen Huang remains sanguine about over-stretched A.I. valuations. A relief rally moves through global equities and Bitcoin. Chip makers in Asia see shares rise as a result while European and U.S. futures point higher for the session ahead. President Trump slams Federal Reserve Chairman Jerome Powell over inflation and urges Treasury Secretary Scott Bessent to help bring down interest rates. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Tech stocks continue to sell off Stateside while Europe’s Stoxx 600 ends yesterday’s session at a one-month low and the DAX plunges to its lowest level since June. Chip giant Nvidia results are due after the bell today with analysts anticipating a sharp rise in sales amid any signs of an A.I. bubble. President Trump hosts Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House, calling the Kingdom ‘a major non-NATO ally’. Trump also struck an optimistic tone regarding the expansion of the Abraham Accords to foster stability in the Middle East. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
European markets are sharply in the red amid an accelerating global sell-off. Investors are now awaiting economic data prints Stateside following the recent re-opening of the federal government. Big technology stocks remain under pressure as fears of A.I. over-valuations show no signs of abating. In crypto news, Bitcoin sees its gains for the year wiped out and there are concerns a bigger rout still lies ahead. The European Commission hikes its growth forecast for the year despite predictions that government deficits are set to rise over the next few years. European Economy Commissioner Valdis Dombrovskis warns CNBC any downturn in markets would knock investor confidence in the bloc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1The Nasdaq ends a second consecutive week in the red with investors awaiting Nvidia results and a delayed U.S. jobs print later this week. German finance minister Lars Klingbeil is in Beijing for talks with Vice Premier He Lifeng to reassess economic ties between the two countries. Switzerland is eyeing major U.S. investments after the Trump administration cut tariffs down to 15 per cent. USTR Jaimeson Greer says the EU’s tariffs on U.S. goods remain too high and the bloc was slow in cutting back levies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A sell-off in the Nasdaq and several major tech firms continues to fuel investor concerns over A.I. valuations while hopes of an interest rate cut by the Fed’s December now only stand at 50 per cent. UK Chancellor Rachel Reeves is reportedly now set to scrap her manifesto-breaking plan to hike income tax after all as voter and party anger swells. Siemens Energy posts FY adjusted profit of 600 per cent and boosts its guidance with A.I. data centres continuing to drive energy demand. CEO Christian Bruch tells CNBC his company is well positioned to meet the needs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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the united states of america gave you donald j. trump.... 😆
😆😆😆😆
hey crew of sqawk box do you want to die ????
Brussels i hope a nuclear bomb lands on you... one megaton should do the job nicely !!!! have a nice day !!!
empty useless words from EU leaders... completely useless !!!
the leaders of the world in 2023 are spewing empty words and thats all they do
yellen sounds like shes hundred eleven
nikki heylee is one repulsive disgusting cheap whore !!! boom !!!
good show
usa wants to invest capitol without any risk ??? are they crazy ???