Squawk Box Europe Express

Squawk Box anchors discuss the US government’s threat to slap $11bn-worth of tariffs on EU products, including aircraft, wine, cheese and apparel, in response to Brussels’ subsidies for Airbus. UK Prime Minister is travelling to France and Germany in a last-ditch effort to win backing for another Brexit extension ahead of this week’s emergency EU summit and Standard Chartered is reportedly to pay out $1bn to settle charges that it violated US sanctions on Iran. We are also live in Tel Aviv ahead of what could be one of the closest Israeli elections in years with Prime Minister Benjamin Netanyahu seeking a fifth term in office.

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Squawk Box anchors discuss U.S. stocks logging their second straight weekly rise after a strong jobs print, while Chinese shares reverse early gains despite hints of more stimulus from Beijing. President Trump revives his attack on the Federal Reserve calling on the central bank to cut rates and start quantitative easing, while top White House officials say the prospective Fed board nominations for Herman Cain and Stephen Moore are on track. And the U.K. Prime Minister calls for continued cross-party talks to break the Brexit deadlock, and warns voters that Parliament must agree on a deal to leave the EU before the latest deadline this Friday.

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Squawk Box anchors discuss the Dow jumping more than 150 points amid hopes for a U.S.-China trade deal as Beijing's top trade negotiator says a 'new consensus' has been reached. Meanwhile, the man who coined BRIC - former Goldman Sachs asset management chairman Jim O'Neill - tells CNBC he thinks a trade deal will get done, but not fix the real issues plaguing the world's biggest economies. President Trump recommends Herman Cain for a seat on the Federal Reserve Board, and a U.S. Federal Judge gives Tesla CEO Elon Musk and the SEC two weeks to sort out their differences over contempt claims.

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Squawk Box anchors discuss the upcoming trade talks between President Trump and China’s top trade negotiator Liu He with White House chief economic advisor Larry Kudlow touting progress on many sticking points. In the UK, MPs pass a bill to delay Brexit by one vote as initial cross-party talks between Prime Minister Theresa May and Labour leader Jeremy Corbyn ended inconclusively. Meanwhile in Japan, former Renault-Nissan CEO Carlos Ghosn is rearrested a fourth time over new financial misconduct allegations and Tesla’s Q1 deliveries of the Model 3 slump by almost a third due to transit problems to Europe and China.

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Squawk Box anchors discuss the UK Prime Minister Theresa May’s decision to seek another Brexit extension from the EU as she announces plans to reach across the aisle and hold compromise talks with Labour. Meanwhile, EU Competition Commissioner Margrethe Vestager tells CNBC exclusively that a delay to Brexit is not something to be feared. Asian stocks surge to a fresh seven-month high on hopes of a US-China trade deal. Beijing’s chief trade negotiator Liu He is due in Washington for the next round of talks. And in an exclusive interview with CNBC, the IMF’s managing director Christine Lagarde says that despite global growth slowing, a rebound is due later this year.

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Squawk Box anchors discuss the US stock markets’ strong start to the second quarter on the back of surprisingly solid gains in manufacturing activity in the US and China, also helping Chinese stocks hit a seven-month high. In the UK, MPs again fail to back alternatives to the Brexit deal. We have detailed analysis from Westminster. The OECD predicts that Italy’s budget deficit will rise to 2.5 per cent this year and Lyft’s debut gains are wiped out with the ride-hailing firm falling 12 per cent on the second day of trade. Meanwhile, we’re live in Turkey, where President Erdogan’s AK party is disputing local elections which saw it lose several key cities.

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Squawk Box anchors discuss the best first quarter for the S&P 500 in twenty years while Asian stocks surge off the back of unexpectedly strong Chinese manufacturing growth. UK prime minister Theresa May plans her next move to deliver Brexit following the third defeat of her withdrawal agreement on Friday. We are live in Kiev where actor and comedian Volodomyr Zelensky has taken the lead in the first round of voting in Ukraine’s presidential election. We are also live in Istanbul after President Erdogan’s AK party loses seats in key cities in local elections, including the mayor of Ankara.

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Squawk Box anchors discuss the latest round of US-China trade talks resuming in Beijing, as Chinese stocks rally on hopes of progress. The S&P is on track to record its best Q1 since 1998 but legendary investor Warren Buffett says fears of an imminent slowdown in the global economy are justified. We preview today’s $24bn-listing of Lyft, which is the first public offering by a ride-hailing company. In London, on what was meant to be Brexit day, UK prime minister Theresa May is set to attempt another Parliament vote on her withdrawal agreement. We’re also talking about Huawei which has posted a 25% annual rise in profits despite what it calls a US campaign to ‘smear’ the company.

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Squawk Box anchors discuss the UK parliament impasse following MPs’ rejection of all 8 of last night’s alternative Brexit decisions as well as Prime minister Theresa May’s resignation offer to break the deadlock. We discuss the move down in bond yields, as the US 10-year treasury yield hits the lowest level since 2017. We are live from Beijing to take a look at US and Asian market moves as China vows to open up to more FDI ahead of the next round of trade talks with Washington. Also, Saudi Aramco snaps up a majority stake in petrochemicals firm Sabic for $69bn. Elsewhere, ride-hailing company Lyft boosts its price range ahead of its IPO, chemicals giant Bayer is slapped with an $80m damages pay-out over another weed killer-related cancer case and we have an exclusive interview with former Italian prime minister Matteo Renzi.

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Squawk Box anchors discuss the market moves in the US and Asia, with China outperforming the region despite its worst slump in industrial profits for 8 years. We have an exclusive with ECB executive board member Yves Mersch who insists EU industries must keep up with competition from the US and China. We’re live in Westminster where UK MPs are set to vote on amendments to the EU withdrawal deal amid talk of Prime Minister Theresa May setting a resignation date. And, in Germany, finance minister Olaf Scholz denies the government is pressuring Deutsche Bank and Commerzbank to merge.   

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