SQUAWK BOX, TUESDAY 2ND MAY, 2023

JPMorgan picks up the remains of First Republic Bank after authorities seize control of the regional lender. It is the second-largest U.S. bank failure in history. JPMorgan CEO Jamie Dimon says his bank answered the government’s call and played down any suggestions of contagion in the sector. HSBC first quarter profits almost triple due to higher rates. The bank also announces its first quarterly dividend in four years. May Day rallies are staged around the world with France seeing up to 800,000 people take to the streets. There are violent scenes in Paris following President Macron’s recent pension reforms. We are live at the WEF Growth Forum in Geneva where the Future of Jobs report has warned that while 69m jobs will be created by 2027, more than 80m could be eliminated.