Shipping firm Maersk, a barometer for global trade, warns of weak demand and warehouses filling up

MORNING SQUAWK APAC Thursday, 04 August 2022 Shipping firm Maersk, a barometer for global trade, warns of weak demand and warehouses filling up AP Moller-Maersk on Wednesday forecast a slowdown in global shipping container demand in 2022 amid weakening consumer confidence and supply chain congestion. » Read more Asia-Pacific markets rise following Wall Street bounce A better-than-expected U.S. services PMI reading for July gave investors confidence amid concerns about a U.S. recession. » Read more Walmart lays off corporate employees after slashing forecast The layoffs come about a week after the company slashed its profit outlook and warned that consumers had pulled back on discretionary spending due to inflation. » Read more Pelosi's trip to Taiwan is like 'pouring salt in an open wound for China', Stephen Roach says The top U.S. lawmaker met Taiwan President Tsai Ing-wen on Wednesday in a highly controversial visit that has angered Beijing. » Read more The $300 billion meme stock that makes GameStop look like child's play A little-known Hong Kong-based fintech company saw its shares skyrocket 21,400% since its IPO in mid-July. » Read more Today's Guest Highlights on CNBC All times in SIN/HK 10:40 Harsh Modi  Co-head Asia ex Japan Financials Research / JP Morgan  SG Bank Earnings 11:40 Ramesh Swaminathan Executive Director and Global CFO / Lupin Lupin Earnings, ESG, monkeypox 12:40 Piyush Gupta CEO / DBS Group DBS 2Q22 Earnings Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632