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SQUAWK BOX, FRIDAY 29TH OCTOBER, 2021

SQUAWK BOX, FRIDAY 29TH OCTOBER, 2021

FromSquawk Box Europe Express


SQUAWK BOX, FRIDAY 29TH OCTOBER, 2021

FromSquawk Box Europe Express

ratings:
Length:
30 minutes
Released:
Oct 29, 2021
Format:
Podcast episode

Description

Apple fails to beat quarterly earnings expectations for the first time in 5 years. Despite Q3 revenue jumping by nearly 30 per cent, the tech giant has felt supply chain bottlenecks bite on phone and computer sales. Amazon also misses forecasts as the pandemic-era e-commerce effect begins to wane and consumers start switching back to physical stores. Its outlook for the Christmas period ahead also disappointed. Facebook has announced a rebranding, now calling itself Meta. The social media company looks to focus on a new vision for the internet. Meta CEO Mark Zuckerberg hopes to move on from recent scandals. In the U.S., the S&P 500 hits a new record high as investors ignore weak GDP growth data. The Nasdaq also hits an all-time peak. And, we hear from BNP Paribas CFO Lars Machenil who says the French lender is well positioned for continued gains after posting a near-5 per cent rise in Q3 revenues.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 29, 2021
Format:
Podcast episode

Titles in the series (100)

CNBC's flagship show in Europe sets you up with everything you need to know for the European business day. Anchors Geoff Cutmore, Steve Sedgwick and Karen Tso 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.