Bouncing back…Wall Street closes a turbulent day sharply higher, as the major indices roar back from last week’s sell-off. The Dow posts its biggest point gain ever, fuelled by a rally in Apple shares. Chinese stocks mostly follow suit, but the Nikkei fails to build on the rally. The ECB is the latest central bank to pledge support to mitigate the economic impact of Coronavirus, saying it is ready to adjust all instruments. The RBA becomes the first to act, cutting rates by 25 basis points to a record low and G7 finance ministers are set to hold an emergency call to discuss the crisis. We also preview the Super Tuesday showdown in the U.S. where one third of delegates are up for grabs. Joe Biden’s campaign is gaining momentum against frontrunner Bernie Sanders following endorsements from several more former Democrat rivals.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China contracts…PMI numbers show factory activity nosedives in February but local stock markets are up, in anticipation of stimulus from the PBOC. We are live in Riyadh where we speak exclusively to the WHO director-general, Tedros Adhanom Ghebreyesus. He tells this channel that while the window for containing Coronavirus globally is narrowing, markets shouldn’t panic. Despite the outbreak death toll surpassing 3,000 and the first reported American fatalities, U.S. futures turn to the upside. In Italy, the government has announced it will pump €3.6bn into the economy to mitigate the impact of the virus and avoid a recession. And in corporate news, Nokia CEO Rajeev Suri has agreed to step down amid reports of a potential sale due to struggling profits at the telco giant.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Worst week…the Dow Jones plunges by more than 1,000 points into correction territory as Coronavirus fears rise. Global stocks look set to post their deepest losses since the 2008 financial crisis. Asian equities nosedive in Friday’s session and U.S. futures point lower once again, while the market’s volatility gauge, the VIX, is on track to make its second-biggest weekly jump in history. The outbreak also fuels expectations the Fed could ramp up easing measures, with investors predicting at least three rate cuts this year, sending the dollar sharply lower against the euro. But a major takeover is forged despite the sell-off, as German industrial titan ThyssenKrupp agrees to shed its elevator unit to a private equity consortium for more than €17bn - the biggest buyout in Europe since 2007.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Nikkei leads the Asian sell-off after the Dow fails to hold onto gains amid rising Coronavirus fears. American health authorities confirm a first potential ‘community-spread’ case in northern California and the number of fresh Coronavirus cases reported outside China tops those reported in the country for the first time. President Trump plays down fears of a global pandemic and puts Vice-President Mike Pence in charge of his administration’s response. In Germany, however, the reaction is more urgent with health minister Jens Spahn urging state health authorities and employers to brace for a possible accelerated outbreak in the federation. In corporate news, Standard Chartered posts a 46 per cent jump in full-year profits but says that meeting its 2020 targets will be hindered by slowing global growth as well as the Coronavirus. We speak to the Asia-focused lender’s CEO, Bill Winters, on set. We are also live in Zurich where LafargeHolcim cites ‘solid’ Chinese performance for its record net full-year income, but the effects of the virus could weigh on global construction in 2020.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Pandemic panic. The Dow Jones suffers its worst two-day points loss in history with $1.7tn wiped off U.S. stocks. Fears of a global Coronavirus outbreak balloon with new cases reported in previously unaffected European countries and U.S. authorities warn a pandemic is likely, telling Americans to prepare for a possible 'community spread' of the infection. Investors head for safe havens and virus fears plunge the U.S. 10-year T-note to an all-time low. Shares across Asia follow the sell-off, but U.S. futures look to bounce back.We speak to the best and brightest in the private equity world at the SuperReturn International conference in Berlin, as the industry’s returns underperform a major U.S. stock index for the first time. And it’s another big earnings day in Europe with numbers from mining giant Rio Tinto, French carmaker PSA, consumer goods conglomerate Danone and healthcare group Alcon.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bouncing back from a Wall Street sell-off. The Dow Jones nosedives by more than 1,000 points or 3.5 per cent – it’s worst single-day fall in two years – as fears of a global Coronavirus pandemic grow. The Nikkei follows suit but U.S. futures point to a rebound Stateside after American biotech firm Moderna sends the first batch of its Coronavirus vaccine to U.S. government researchers. The rapidly developed drug will start human trials at the end of April. Oil prices also rise slightly following a near-four per cent slump and gold pares gains after a safe-haven stampede saw the metal hit a seven-year high. We speak to the Saudi oil minister live, who tells us he is unconcerned about the impact of the virus. We also get the latest from Italy, as the north of the country remains on lockdown due to the outbreak and the Italian stock market suffers its worst day since the Brexit vote. Finally, we discuss the impact on corporate earnings, after billionaire investor Warren Buffett tells CNBC that the sell-off is a buying opportunity.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Italy on lockdown… almost a dozen cities across Lombardy and Veneto are quarantined by authorities in a bid to quell the largest outbreak of Coronavirus seen outside Asia. The virus dominates discussions at the G20 in Riyadh, Saudi Arabia, with U.S. Treasury Secretary Steven Mnuchin exclusively telling this channel that the economic impact of the virus will not be apparent for another month. Meanwhile the IMF has pared back its Chinese and global growth forecasts and French finance minister Bruno Le Maire tells CNBC that his country is already counting the cost of reduced tourist footfall as a direct result of the outbreak. And in corporate news, Unicredit denies CEO Jean-Pierre Mustier will be leaving for HSBC and will remain to focus on the Italian lender’s new 2023 strategy.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fears remain… Wall Street closes in the red on global coronavirus concerns but Chinese shares are higher as Beijing insists that its key manufacturing provinces are rapidly coming back online. Federal Reserve vice-chairman Richard Clarida claims the U.S. economy looks to be in good enough shape to ride out the outbreak but says the central bank is continuing to monitor the situation. EU leaders have been locked in overnight negotiations over the bloc’s next budget. Commission president Ursula Von Der Leyen tells this channel that modern climate and digital policies must feature in the agreement. And Unicredit’s CEO Jean-Pierre Mustier is reportedly set to take over from Noel Quinn at the head of HSBC amid a huge personnel overhaul at Europe’s largest bank. We also have earnings from Valeo, Allianz and Pearson.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

All change at UBS… Sergio Ermotti steps down as CEO to be replaced by ING boss Ralph Hamers in November. In the U.S., the S&P 500 and Nasdaq hit record highs and Chinese stocks follow suit to the upside. The Coronavirus crisis prompts the PBOC to cut its benchmark lending rate to help mitigate the economic impact of the outbreak. The White House’s acting chief of staff, Mick Mulvaney, voices concerns that the U.K.’s decision to allow Huawei to launch its 5G network may have ‘direct and dramatic’ consequences on intel-sharing between London and Washington. Staying in the U.S., Michael Bloomberg is attacked from all sides in the Democratic primary debate in Las Vegas for his record while mayor of New York. And it’s a bumper day of European earnings, with numbers from Schneider Electric, Swiss Re, Air France-KLM and more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asia rebounding: equities across the continent trade higher as China reports a slowdown in the increase of Coronavirus cases, and Japanese exports fall less than expected. In the U.S., Apple closes almost 2 per cent lower after its revenue warning, dragging on the Dow Jones, but the Nasdaq ekes out another record close. The outbreak is already causing havoc for Jaguar Land Rover with the auto maker resorting to flying parts out of China in suitcases. CEO Ralf Speth tells this channel that his supply chain will be under threat in a fortnight. And in an NBC/WSJ poll, Bernie Sanders is in the lead in the Democratic primary race with Michael Bloomberg increasing his figures. The billionaire media tycoon has said he would sell his company if elected president.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A shock warning… Apple says it will fail to meet quarterly revenue guidance, as the coronavirus outbreak disrupts iPhone sales and weighs on demand. Asian Apple suppliers sell off, dragging on the broader equity markets. HSBC says 35,000 jobs will be lost over the next 3 years amid the lender's strategy overhaul. The bank's shares see red in Hong Kong after full-year profit misses expectations, falling 33 per cent. In commodities news, strong iron ore prices help lift half-year profit at BHP but the miner still posts a slight miss, as CEO Mike Henry tells CNBC the coronavirus impact has been limited. In Italy, Intesa Sanpaolo makes a nearly €5bn bid for UBI Banca, which could create the eurozone’s seventh-largest bank. And Facebook’s CEO Mark Zuckerberg is in Brussels where the EU’s industry commissioner saying the social media giant must adapt to the bloc’s rules rather than the other way around.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

More cases confirmed: China reports more than two thousand new cases of coronavirus, pushing the death toll to over 1,700. In response, Hubei province bans all vehicle traffic while France reports the first death outside Asia. Chinese stocks jump as the PBOC cuts its medium-term lending rate by 10 basis points, in an effort to curb the economic impact of the virus. Elsewhere in Asia, recession fears rise as Japan's GDP contracts by more than 6 percent in the fourth quarter. BoJ Governor Kuroda says the coronavirus is the top risk facing the world's third-largest economy. In the aerospace industry, Airbus says it 'deeply regrets' a US decision to hike tariffs on European-made aircraft, as the White House trade office raises the stakes in the 15-year long dispute over subsidies. In Europe, the U.S. warns nations against doing business with Huawei, as Defense Secretary Mark Esper tells CNBC exclusively that Washington is spending hundreds of millions of dollars to find a viable 5G alternative.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Assessing the economic impact of the coronavirus. Chinese officials say over 63,000 people have now contracted the disease, as President Donald Trump's top economic advisor criticizes Beijing's response. Larry Kudlow tells CNBC “we thought there was better transparency coming out of China, but it doesn't appear to be. I know they revised their numbers up a bit. They say it's a different method of counting. We just don't know. It's the great unknown.” Meanwhile, S&P Global has warned China that it could see its credit rating downgraded, if it were to fight the economic impact of the virus with ramped-up fiscal spending. We discuss updated forecasts for the Chinese economy, and Europe’s biggest economy, as Germany prepares to release its latest GDP figures. The CEO of German industrial gases company Linde tells CNBC in an exclusive interview that he cannot think of a country, “where the industrial production rates are actually higher going into 2020 than 2019.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China sees a sharp spike in new coronavirus cases and fatalities prompting Beijing to revise its method for counting infections. The Chinese government also dismisses senior Hubei province officials for their handling of the outbreak. Earnings take centre stage in Europe. Credit Suisse CEO Tidjane Thiam oversees his final set of earnings at the helm of the Swiss bank, after it lowered its profitability target for the fourth quarter, but some analysts expect a positive surprise in the bond business. Restructuring costs drag rival Commerzbank into a net loss for Q4, causing the German lender to cut its dividend for the year. Finally, we speak to the boss of health and nutrition company DSM about the coronavirus outbreak. He tells CNBC that most operations in China are still running.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Confident but cautious...Federal Reserve Chairman Jerome Powell tells Congress that the U.S. economy remains very resilient but acknowledges that the ongoing coronavirus is still a threat – this on the day that China confirms its lowest number of new cases since late January. In the New Hampshire Democratic primaries, Senator Bernie Sanders pips Iowa caucus winner Pete Buttigieg to victory and leaves former Vice-President Joe Biden trailing in fifth place. Shares in Softbank surge on the judicial approval of the Sprint-T-Mobile tie-up but a series of bad investment decisions weigh on the Japanese tech giant, driving quarterly operating profit down 99 per cent. It’s better news for Heineken, which reports a solid set of fourth-quarter earnings but cautions it’s too early to assess the full impact of the virus outbreak. And we are live in Cairo at Egypt’s petroleum show, EGYPS 2020, where U.S. Assistant Energy Secretary Frank Fannon tells CNBC that Europe is set to find itself in a gas and LNG supply tug-of-war between the U.S. and Russia.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The coronavirus claims its 1,000th victim with more than a hundred new cases confirmed in a day. A number of Chinese officials have been removed over their handling of the outbreak, while more economists update their growth forecasts. Analysts at Citi slash their first-quarter China GDP guidance to 3.6 per cent. Italian luxury winter couture brand Moncler has also given a cautious outlook due to a ‘critical’ business environment in China where store footfall has plunged by up to 80 per cent. Asian equities, however, have followed U.S. stocks higher with Amazon pushing the S&P and Nasdaq onto fresh record highs. And on the earnings front, travel operator TUI says the grounding of the Boeing 737 Max continues to weigh on profits, but withholds comment on the impact of the virus outbreak. German luxury car maker Daimler slashes its dividend amid its latest profit warning.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China tries to get back to work amid the Coronavirus outbreak. Numerous major factories in China reopen, including plants belonging to BYD, Tesla, Daimler and Ford. The iPhone supplier Foxconn also gets the green light to restart work at a key plant but Apple and Alibaba opt to keep their facilities shut. The death toll from the virus surpasses 900, following its biggest daily increase yesterday, with more than 40,000 cases confirmed globally. Asian stock markets start the week in mild negative territory. In Germany, Daimler is reportedly planning on cutting up to 15,000 jobs which could save the luxury car and truck maker up to €1.4bn a year by 2022. And we are live in Dublin where the nationalist Sinn Féin party is poised to enter government after winning its highest ever number of first preference votes in the Irish general election.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. President Donald Trump reportedly goes ‘apoplectic’ during a phone call with UK Prime Minister Boris Johnson over his decision to choose Huawei for Britain’s 5G roll-out. This as the U.S. Attorney General William Barr urges the state to buy shares in Ericsson and Nokia to help create viable Western competitors. CNBC learns that Elliott Management has moved to acquire a $2.5bn stake in Softbank following Masayoshi Son’s WeWork misstep. Meanwhile, Chinese stocks look set to mark their worst week in nine months as the Coronavirus shows no signs of abating. The doctor credited with raising the alarm about the outbreak has died in Wuhan, as the overall death toll surpasses 600. The spread of Coronavirus is also being felt in the automotive sector with Fiat Chrysler warning it may shut down a European plant should Chinese factory closures affect its supply chain. And in corporate news, ride-hailing app Uber has said it hopes to turn profitable by Q4 2020 despite an expected loss of $1bn this year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A Valentine’s Day surprise…Asian stocks rise on the back of an unexpected decision by Beijing to halve tariffs on nearly 2,000 U.S. goods on February 14th. But the spreading Coronavirus is weighing on companies around the world. Tesla says a delay in deliveries has reversed a six-day rally while Yum China has warned of Q1 losses. Nike, Disney and Qualcomm are also bracing for disruption to business. In energy news, oil prices are up with markets banking on a production cut from Opec and its allies as a technical meeting between the producer nations runs over into a fourth day. We also have earnings from French banking giant Société Générale, which drops a reference to a key profitability target, and we speak to the CFO of Dutch lender ING who warns of a challenging environment amid negative interest rates.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Coronavirus claims another 65 victims, edging the death toll towards 500. Both Washington and London have announced new evacuation measures while at the WHO, a senior health official has slammed China’s early efforts to contain the outbreak despite director-general Tedros Ghebreyesus’s initial backing of Beijing’s response. Disney has lured 28m new subscribers, reportedly enticed by the Baby Yoda franchise but CEO Bob Iger tells CNBC the media and entertainment giant is also bracing for a $175m hit to its Chinese theme parks due to the spread Coronavirus. The outbreak is also potentially affecting Ford who’s shares plunge in after-hours trading as the car maker revises its guidance.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hong Kong reports its first fatality linked to the coronavirus with the total death toll surpassing 420 and more than 20,000 cases confirmed globally. Chinese President Xi Jinping strikes a defiant tone, saying Beijing has launched a ‘people’s war of prevention’ against the outbreak and has threatened to punish anyone failing to perform their duties in combatting the virus. Asian equities claw back some of the steep losses Chinese mainland markets suffered yesterday, while oil also reverses following a brief dip by WTI below $50 per barrel. In the U.S., markets are on tenterhooks awaiting the delayed result of the Iowa caucuses, which have been thrown into disarray due to voting inconsistencies. And in corporate news, Alphabet stocks dip into the red after-hours on the back of poor Google ad sales and YouTube data despite the tech giant beating Q4 expectations. But Tesla shares soar by almost 20 per cent – the company’s biggest one-day gain in seven years – boosted by stellar numbers from battery partner Panasonic and a mega-upgrade from an investor report.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chinese stocks plunge on re-opening after the extended lunar new year holiday amid the outbreak of the novel coronavirus. More than $400bn of value are wiped off the mainland indices, despite efforts by the Chinese central bank to support markets by injecting liquidity and cutting rates. The death toll from the virus reaches 360 and the first fatality outside China is reported in the Philippines. Meanwhile in the UK, Prime Minister Boris Johnson is ready to set out his proposals for a trade deal with the EU, warning that Britain would not be aligning with Brussels regulations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A new era for the UK… We are live in Westminster, Brussels and Dover in a special edition of Squawk Box on the day that Britain formally leaves the European Union. The government has planned celebrations throughout the day ahead of the 11pm departure time. The World Health Organisation declares the coronavirus a global health emergency as the outbreak claims its 200th victim and cases are confirmed in India and the Philippines. The organisation, however, stops short of recommending travel and trade restrictions with China, helping Wall Street finish January in the green, with European stocks set to follow suit. And in corporate news, Amazon shares surge after the online retail giant posts better-than-expected Q4 earnings, sending its market cap above $1 trillion in after-hours trading.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Assessing the cost…. Asian stock markets slump to a seven-week low as the coronavirus death toll rises to 170 and foreigners flee China. Economists sound the alarm over how the outbreak could impact China’s economy, with some saying GDP growth could slow to 5 per cent as a result. Facebook shares suffer, despite a Q4 earnings beat, as investors show concern over the social media giant’s soaring costs and narrowing margins. In Germany, Deutsche Bank reveals a worse-than-expected €5.3bn net loss for 2019 as the cost of the bank’s restructuring hits the bottom line. We hear from the CFO James Von Moltke. And in the U.S., the Federal Reserve says it is ‘appropriate’ to hold rates steady, but chairman Jerome Powell voices fears over the coronavirus’s effect on the Chinese economy in the medium term.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Correction territory… fears over the coronavirus drives the Hang Seng towards its worst month since August, following a global market sell-off after the Lunar New Year holiday. The death toll has now hit 140, with 1,500 new cases being confirmed yesterday alone, including in Germany and Sri Lanka. Chinese President Xi Jinping calls on his country to pull together in defeating the spread of the virus. In the U.S., Apple delivers a record quarter, beating profit and revenue forecasts. The tech giant says it is monitoring how the coronavirus may unfold. The effects of the outbreak, however, have already impacted LVMH. Despite posting record-breaking revenues for 2019, Q4 sales in Hong Kong have plunged by 40 per cent and the French luxury group has moved to shut its stores in the territory. We are also live in Madrid where Santander has reported record annual revenues and increased its dividend.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Contagion fears: The Dow logs its worst day since October and falls into negative territory for the year, while South Korea's KOSPI drops more than 3 per cent as the spread of the coronavirus grips global markets and the death toll reaches 100. Airline, travel and consumer stocks lead losses, while oil falls for a sixth day and the 10-year treasury yield drops to its lowest level in three months. In corporate news, Renault's board will reportedly meet today to name former Seat chief executive Luca de Meo its next CEO, as the French automaker struggles to rebuild its relationship with alliance partner Nissan. And in the U.K., British Prime Minister Boris Johnson promises a Huawei 'solution', as the National Security Council prepares to make a decision on the Chinese tech giant's part in Britain's 5G roll-out.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A grave situation… Chinese President Xi Jinping extends the Lunar New Year holiday in a bid to hinder the spread of the deadly coronavirus, as the death toll rises to 80, while a further 2,700 people are infected. Fears rattle global markets while investors pile into safe haven assets, with 13 countries confirming cases of the infectious disease worldwide. Hong Kong and Macau has banned the entry of visitors from China's Hubei province, where the virus originated. In Italy, Matteo Salvini’s Lega party is unable to unseat the PD in a close-fought local election in the historically leftist northern region of Emilia-Romagna. And in London, the government is close to granting Huawei a restricted role in launching Britain’s 5G network, despite pressure from the Trump administration to ban the Chinese tech giant from access to the UK market.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China on edge…the WHO has stopped short of declaring the coronavirus outbreak a global health emergency but Beijing identifies and locks down 10 entire cities as the death toll rises to 25. We are live at the close of the World Economic Forum where trade tensions between the U.S. and the EU remain front and centre but Germany’s finance minister, Olaf Scholz, tells CNBC that he is confident a deal can be agreed on free commerce and digital tax. Meanwhile, the euro falls to a seven-week low against the dollar following ECB President Christine Lagarde’s cautious outlook yesterday as she offered little insight about the central bank’s launch of its first strategy review in 17 years.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The coronavirus remains among the top concerns as Squawk Box kicks off another day of coverage from the World Economic Forum. China imposes a travel ban on the city of Wuhan, as Beijing confirms nearly 600 cases and 17 deaths from the virus. However, the World Health Organisation holds off from declaring the outbreak a global health emergency. President Trump takes the fight to Davos. U.S. Treasury Secretary Steven Mnuchin tells CNBC on a panel moderated by Geoff Cutmore that he will impose tariffs on European car companies should the UK and Italy go ahead with plans to introduce a digital tax. UK Chancellor Sajid Javid is forced to confirm that Britain will indeed roll out the planned levy in the spring, while Italian Finance Minister Roberto Gualtieri tells Steve Sedgwick that the EU will be a tough negotiator but would use more conciliatory methods than the US. We also hear exclusively from the chairman of Chinese conglomerate Fosun International, Guo Guangchang, who says conflicts between Beijing and Washington will remain, as Secretary Mnuchin declines to set a deadline for the Phase 2 negotiations. And in Frankfurt, ECB president Christine Lagarde is poised to launch the bank's first strategy review in 16 years, as JP Morgan CEO Jamie Dimon tells CNBC his one big worry is negative rates.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We kick off our second Squawk Box from Davos with the latest news on the outbreak of the Coronavirus. The World Health Organisation prepares to hold an emergency meeting as China confirms 440 cases and the first patient is diagnosed in the U.S. Fears of a pandemic are keeping markets on edge. We speak to the boss of pharma giant AstraZeneca to get his take on the mysterious pneumonia-like illness.Hong Kong Chief Executive Carrie Lam tells CNBC she is disappointed with yesterday’s Moody’s rating downgrade, defending her reaction to the unrest in the territory seen throughout 2019. But she adds that her resignation is not the answer.In the U.S., Boeing takes the wind out of the Dow with shares sinking on a fresh warning that the 737 Max will now not be back in the air before mid-2020.And, later today CNBC hosts a star-studded WEF panel discussing the 'Future of Financial Markets', featuring U.S. Treasury Secretary Steven Mnuchin, IMF Managing Director Kristalina Georgieva, UK Chancellor Sajid Javid and UBS Chairman Axel Weber.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A digital tax truce. We kick off our coverage of the World Economic Forum in Davos, as French President Emmanuel Macron and U.S. President Donald Trump reach an agreement to avoid a levy on big tech and retaliatory tariffs on French goods until the end of this year.But the forum braces for a showdown between President Trump and Greta Thunberg, as both the American leader and the 17-year-old climate activist prepare to take the stage at the World Economic Forum today.In Asia, equities turn negative amid heightened concerns over the spread of a virus in China that is being compared to the SARS outbreak of 2002-2003.Moody's cuts Hong Kong's credit rating, saying officials have no tangible plans to address the unrest in the territory.And we speak to the CEO of EY who tells us the U.S. economy is looking good, thanks to strength in the labour market, while the boss of Schneider Electric says sustainability is a mega-trend that will not hurt profits.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Davos descent… top business leaders and policy makers begin arriving in Davos, Switzerland, as Oxfam reports that the planet’s roughly 2,000 billionaires own more wealth than 60 per cent of the global population. We will be live at the 50th World Economic Forum all week, starting today at 1600 CET. In energy news, oil prices surge after a military blockade in Libya causes the closure of the country’s two biggest oil fields. In France, President Macron attempts to woo top Davos-bound executives and investors at the third ‘Choose France’ summit. While in the UK, Chancellor of the Exchequer Sajid Javid warns businesses they will not align with Brussels after Brexit, prompting criticism from manufacturers.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Taking its toll…China posts its weakest growth data in almost three decades, suggesting that the trade war with Washington is weighing heavily on the economy despite the 6.1% print for the full-year GDP coming in line with estimates. In the U.S., the Senate hears the charges against President Trump ahead of his impeachment trial as a government watchdog finds that the White House broke the law by withholding military aid to Ukraine. The S&P 500 hits a new record high, crossing the 3,300 mark for the first time, buoyed by robust bank earnings and data. And Google parent company Alphabet joins the trillion-dollar valuation club, only the fourth member in history, joining tech peers Amazon, Apple and Microsoft. We also hear from Microsoft CEO Satya Nadella who tells this channel his company is pledging to neutralise its carbon footprint within the next four years, investing up to $1bn in removal technology.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The biggest ever seen…President Trump hails the signing of Phase 1 of the trade agreement between Washington and Beijing but insists tariffs will remain in place until Phase 2 of the deal is completed. Vice-Premier Liu He says the deal is 'win-win' for both sides as well as on a global level and promises to increase foreign access to Chinese markets. In Russia, Prime Minister Dmitry Medvedev and the government resign following President Putin’s sweeping proposals to reform the constitution which could see his reign extended. We are also live in Riyadh where the Kingdom’s former head of intelligence, Prince Turki al-Faisal, tells CNBC exclusively that the Iranian regime is imploding.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sign on the dotted line…Beijing and Washington are on the verge of inking Phase 1 of the trade deal but U.S. Treasury Secretary Steven Mnuchin insists that tariffs shall remain in place until China signs the second phase of the agreement. President Trump voices anger at Apple for refusing to work with U.S. authorities, helping to unlock its cell phones involved in criminal investigations. Meanwhile, earning season kicks off on Wall Street. Bond trading revenues have buoyed Citigroup and JPMorgan in the fourth-quarter, with the latter enjoying its most profitable year on record. And, the Obama-era Iran nuclear deal looks closer to unravelling as the E3 powers – the UK, France and Germany – trigger a formal dispute device in a bid to force Tehran to comply with the JCPOA. The move could lead to fresh UN sanctions. We also hear exclusively with BlackRock CEO Larry Fink who says climate change is the most serious challenge he has seen in four decades in finance.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Label lost…the offshore yuan surges to its highest level in half a year after the U.S. ceases calling Beijing a currency manipulator, just a day ahead of the expected signing of the Phase 1 trade deal in Washington. Asian shares rise to seven-month peaks on the positive sentiment generated, which has seen Chinese trade data post better-than-expected gains in December. In the U.S., the Nasdaq and S&P 500 are also in the green, reaching fresh record highs buoyed by tech stocks but it’s the big Wall Street banks in the spotlight at the start of earnings season. And in telecom news, U.S. officials voice their anger at UK ‘madness’ ahead of a key decision on whether to allow the Chinese tech giant Huawei access to Britain’s launch of 5G.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tehran in turmoil…furious anti-government protests spread from the Iranian capital across the country. Demonstrators demand the regime’s leaders step down after they admit Iranian forces mistakenly shot down a Ukraine International Airlines plane last week, killing 176 people on board. Asian stocks soar to 19-month highs as Beijing and Washington prepare to sign their ‘phase one’ trade deal, but weaker-than-expected jobs data and ongoing Middle East tensions caused Wall Street to close in the red last week. And Taiwan re-elects President Tsai-Ing-wen in a landslide victory, sending a strong message to Beijing about its attempts to gain control of the island's democratic government.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

An avoidable tragedy…intelligence from the U.S., UK and Canada suggests that the downed Ukraine International Airlines passenger jet was likely hit by an unintentional Iranian missile near Tehran. In Washington, Congress votes to curb President Trump’s ability to take military action against the Islamic Republic in the wake of the killing of General Qasem Soleimani but the resolution will remain non-binding. Wall Street rises, boosted by a new all-time high from Apple shares after Chinese iPhone sales were reported to have grown up to 18 per cent in December. And in Brexit news, the House of Commons finally passes Boris Johnson’s withdrawal bill with a majority of 99 and without any amendments. The bill now passes to the House of Lords to be approved.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Back from the brink? Wall Street and Asian stocks rebound after President Trump claims that Tehran is stepping down from further confrontation with Washington following the killing of General Qasem Soleimani and retaliatory Iranian missile strikes on U.S. targets in Iraq. The news also helps to stabilise oil prices with WTI back in correction territory, as Trump also vows further sanctions on Iran. Former Nissan CEO Carlos Ghosn has made his first public appearance since fleeing bail in Japan, declaring his innocence in the face of financial misconduct charges. He tells CNBC that the charges form part of a conspiracy by Nissan executives to challenge Renault’s control over the alliance. In London, Prime Minister Boris Johnson and Ursula Von Der Leyen lay out their Brexit lines. The European Commission President said that an in-depth trade deal between the UK and the EU is impossible to achieve by the end of the year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Iran hits back… Tehran launches more than a dozen missiles, targeting U.S. military bases in Iraq, in retaliation for the assassination of General Qasem Soleimani. Asian stocks sell off, while the Dow points lower amid the escalation in the U.S.-Iran crisis. Oil and gold initially surge, but cap gains as President Trump plays down the impact of the latest attacks. In an apparently separate incident in Iran, a Ukrainian Airlines Boeing suffers technical problems and crashes after take-off. According to state media, all 170 passengers on board are believed to be dead. And in Lebanon, the world’s media awaits former Nissan CEO Carlos Ghosn’s first press conference following his surprise escape from house arrest in Japan. His Japanese legal team has accused the auto maker of ‘perversion of truth’ leading to the financial misconduct charges brought against him.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Knock-on effect… Wall Street pushes Asian stocks into the green after the Nasdaq posts its biggest intra-day comeback for three months, with Alphabet hitting a new record high. Geo-political fears keep gold prices at a seven-year high as Iranians hold mass funeral processions for Qasem Soleimani throughout the country. NATO says that a full-blown war between the U.S. and Iran is in nobody’s interest and Washington denies it will be withdrawing U.S. troops from Iraq due to the recent unrest after an internal memo leak. And in auto news, Tesla’s market value reaches $80bn for the first time as the Model 3 saloon car rolls off the production line in Shanghai.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Upping the ante… Iran withdraws from the 2015 nuclear accord and vows to expel the U.S. from the Middle East following the funeral of military commander General Qasem Soleimani, who was killed by an American airstrike last week. The soaring tensions have caused Asian stocks to sink and oil prices to spike as President Trump threatens to hit 52 Iranian sites in case of retaliation, as well as sanction Iraq. In Japan, there are moves to tighten immigration rules as prosecutors break their silence following the escape of former Nissan chairman, Carlos Ghosn, calling his actions ‘illegal and unjustifiable’. Pro-democracy protests in Hong Kong show no signs of abating and have continued near the border with China following the appointment of party-faithful official Luo Huining to run the Hong Kong Liaison Office.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oil prices soar following Pentagon confirmation that a drone strike has killed Iran’s top military commander in Baghdad. President Trump had ordered the strike following the storming of the U.S. embassy complex in the Iraqi capital which had been approved by General Qassim Soleimani. Iran’s foreign minister has slammed the U.S. action as ‘rogue adventurism’. The rising tensions between Washington and Tehran have impacted gains in Asian stocks and U.S. futures are set to open lower following yesterday’s new record highs. The dollar has slumped against the yen and gold has surged to a nine-month peak as a result of the escalating frictions.    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

New Year Records…the S&P 500 has closed 2019 with its best annual gain for six years while Netflix was crowned the index’s top-performing stock, increasing value by 4,000% in the past decade. Beijing cuts its reserve requirement for banks once more, boosting Chinese stocks and offering the economy a $115bn fillip. Hong Kong is once again wracked by violence with anti-government protestors holding their first rallies of the new year. There has also been further violence in Baghdad where U.S. troops have driven back pro-Iranian militia supporters who had stormed the American embassy compound. Also, speculation rises over how ousted Nissan chairman Carlos Ghosn managed a remarkable escape from Japan, where he was awaiting trial for financial misconduct in April.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gone AWOL…ousted Nissan chairman Carlos Ghosn flees Japan where he has been awaiting trial for financial misconduct. Ghosn has arrived in Beirut saying that he will ‘no longer be held hostage’ by a rigged Japanese legal system. The U.S. market rally finally falters with stocks notching their worst day in a month but Wall Street can boast its best performance in six years overall. In Asia, Chinese stocks haven’t fared much better on the last day of trading this year despite manufacturing numbers beating expectations. Huawei has managed to shrug off the effects of U.S. blacklisting, hitting a record $122bn in revenue. The Chinese tech giant is, however, expecting a tricky 2020 saying that ‘survival’ is its no.1 priority.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Relief rally…Chinese stocks outperform after the S&P 500 posts a fifth consecutive week in the green on the back of optimism surrounding the U.S.-China phase one trade deal. Washington launches airstrikes on Iran-sponsored militias operating in Iraq and Syria following the killing of an American contractor and warns Tehran of further military action. In auto news, Tesla begins deliveries of its Chinese-built Model 3 just one year after construction of the Shanghai Gigafactory began. And Nissan has reportedly called for sweeping spending cuts as a string of executive scandals and partnership tensions with Renault weigh on sales and profit.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A Santa rally: The Dow Jones hits another record high following a stellar performance throughout 2019. Boeing forces out CEO Dennis Muilenberg following the production halt of its problematic 737 Max airliner last week. Board member David Calhoun is now poised to take the reins in January. German car giant BMW announces it is under investigation by the Securities & Exchange Commission over its sales reporting in the U.S. And in energy news, Russian prime minister Dmitry Medvedev shrugs off the threat of U.S. sanctions on the Nord Stream 2 project, promising the Baltic Sea pipeline linking Russia and Germany will be operational within the next few months.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street looks set to end the decade with a bang. The S&P 500 is up by almost 190% since 2009. Asian stocks see red ahead of Christmas, despite news that China will cut import tariffs on a range of products from January 1st, as both President Trump and Xi Jinping say the Phase One trade deal will be signed soon. In energy news, Berlin and Moscow accuse Washington of interference over U.S. sanctions linked to the Nord Stream 2 pipeline project in the Baltic Sea. And in India, Prime Minister Narendra Modi remains defiant in the face of nationwide protests and violence over controversial new citizenship legislation.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.