cover of episode Government shutdown looms over America

Government shutdown looms over America

2024/12/20
logo of podcast Squawk Box Europe Express

Squawk Box Europe Express

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Shownotes Transcript

The U.S. is on the brink of a government shutdown, after the House rejects an amended Republican bill hours from the deadline. The Dow ekes out a gain, snapping its longest losing streak since 1974, as investors count down to today’s PCE print. Japanese core inflation came hotter than expected, slowing the Yen’s decline and pressuring the BOJ to hike rates. Nike shares reverse its gains as CEO Elliot Hill says the sport’s giant’s turnaround plan will be an uphill battle, while blaming deep discounts for declining revenue.

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