Powell says GDP could shrink more than 30%, but he doesn’t see another Depression

View in Browser  |  Forward to a Friend Mon, 18 May 2020 MORNING SQUAWK EMEA TOP NEWS          GUEST HIGHLIGHTS DJIA S&P 500 2,863.70 11.20 +0.39%  NASDAQ 9,014.56 70.84 +0.79%  FTSE 100 5,923.89 124.42 +3.18%  CAC 4,364.63 84.78 +1.98%  DAX 10,679.74 214.57 +2.05%  Quotes and charts as of Mon, 18 May 2020 09:18 AM CEST. Top News Mon, 18 May 2020 03:27 AM CEST Powell says GDP could shrink more than 30%, but he doesn't see another Depression The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Mon, 18 May 2020 07:44 AM CEST Why new U.S. rules on selling chips to Huawei could be a 'big blow' for the Chinese tech giant Huawei relies heavily on chips from TSMC, which may no longer be able to sell to the Chinese tech giant. Meanwhile, finding alternative suppliers could be a huge challenge. Mon, 18 May 2020 07:59 AM CEST Coronavirus, floods and locust swarms: Kenya is fighting a 'triple whammy' of crises Already navigating the coronavirus pandemic and the worst invasion of desert locusts for more than 25 years, parts of East Africa are now being devastated by flooding. Mon, 18 May 2020 07:41 AM CEST Coronavirus live updates: NY Gov. Cuomo takes coronavirus nasal swab test on live TV The U.S.'s daily coronavirus death toll neared 89,000 on Sunday, with the total number of cases rising to more than 1.46 million even as 48 states began to ease shelter-in-place restrictions. Mon, 18 May 2020 07:58 AM CEST Ryanair to cut up to 3,000 jobs, warns of 'difficult' year on coronavirus Ryanair is negotiating pay cuts, unpaid leave and up to 3,000 job losses with its employees and trade unions, as the coronavirus reduced passenger numbers at the airline by over 5 million. Guest Highlights – Today on CNBC All times given in CET. 09:15 Klaus Regling Managing Director, ESM ESM 09:30 Tim Hyatt Head of Residential, Knight Frank U.K. Real Estate 10:00 Michael O'Leary CEO, RyanAir Earnings 10:15 Falk Frey Senior Vice President, Moody's Autos 10:30 Manfredi Catella CEO, COIMA Italy Easing/Real Estate Terms Privacy Policy Unsubscribe Advertise with us