SQUAWK BOX, FRIDAY 3RD MAY, 2019
Squawk Box anchors discuss a number of earnings from the big European banks starting with HSBC, which has posted a 31 percent jump in Q1 profits thanks to strong income growth in Asia and cost-cutting measures. French lender Societe Generale suffers a double-digit fall in net profit amid volatility in its corporate and investment bank. On the market front, oil stocks decline to a one-month low. Also in the US, President Trump’s second Federal Reserve board member choice Stephen Moore bows to political pressure to withdraw his candidacy while Berkshire Hathaway chairman Warren Buffett tells CNBC he has invested in Amazon shares.
