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Podcast: Squawk Box Europe Express
Episode: SQUAWK BOX, THURSDAY 18TH MAY, 2023
Description: It appears U.S. President Joe Biden and House Speaker Kevin McCarthy may be closing in on a deal to avert a default. As Biden flies to Hiroshima to attend a G-7 summit, McCarthy tells our U.S. colleagues that the size of the debt issue can no longer be ignored. The optimism pushes the Dow by 400 points and regional banks also surge with Western Alliance reporting strong deposits for the quarter. In retail news, U.S. giant Target sees shares rise on an earnings beat but warns that organised retail theft could cost the company up to $1bn...