Saudi Arabia hit with Moody’s downgrade, prepares for ‘painful’ measures — but can likely weather the storm

View in Browser  |  Forward to a Friend Tue, 05 May 2020 MORNING SQUAWK EMEA TOP NEWS          GUEST HIGHLIGHTS DJIA S&P 500 2,842.74 12.03 +0.42%  NASDAQ 8,710.72 105.77 +1.23%  FTSE 100 5,753.78 9.28 -0.16%  CAC 4,378.23 0.00 0.00%  DAX 10,466.80 0.00 0.00%  Quotes and charts as of Tue, 05 May 2020 08:12 AM CEST. Top News Mon, 04 May 2020 06:25 PM CEST Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm "We must reduce budget expenditures sharply," the Saudi finance minister said over the weekend. "Saudi finances need more discipline and the road ahead is long." Tue, 05 May 2020 06:35 AM CEST Coronavirus live updates: Global death toll tops 251,000, China reports one new confirmed case The virus was first reported in China's Hubei province late last year and has rapidly spread around the world since then, infecting more than 3.5 million people. Mon, 04 May 2020 06:55 PM CEST Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house' The homes have a combined value of $39.5 million. Mon, 04 May 2020 02:38 PM CEST HSBC expects a 'jagged U-shaped recovery' and backs these currencies to thrive The global economy is most likely set for a U-shaped recovery with a "jagged bottom" after the coronavirus crisis, and will benefit currencies in countries with strong fiscal positions, according to HSBC. Mon, 04 May 2020 08:27 PM CEST Amazon engineer quits after he 'snapped' when the company fired workers who called for coronavirus protections Tim Bray, a senior engineer at Amazon, resigned on Friday over concerns about the company's decision to fire workers who were outspoken critics of its labor practices. Guest Highlights – Today on CNBC All times given in CET. 08:30 Volker Wieland Endowed Chair of Monetary Economics, Institute for Monetary & Financial Stability ECB PSPP Verdict 08:45 Lars Machenil CFO, BNP Paribas Earnings 09:15 Peter Drobac Director of the Skoll Centre for Social Entrepreneurship, University of Oxford Coronavirus 10:00 Matthias Goldmann Senior Research Fellow, Max Planck Institute for Comparative Public Law & International Law ECB PSPP Verdict 10:00 Gunnar Beck MEP, Alternative for Germany (AfD) ECB PSPP Verdict 10:30 Huw Evans Director General, ABI Insurance 10:45 Howard Yu Professor, IMD Business School Disney Preview Terms Privacy Policy Unsubscribe Advertise with us