SQUAWK BOX, FRIDAY 18TH NOVEMBER, 2022

U.S. equities dip slightly for a second day while bond yields rise after St Louis Federal Reserve President James Bullard argues that rate rises have had a minimal effect at curbing inflation. However, Bullard believes that 2023 will finally see disinflation. There are hopes of reopening in China with Alibaba shares up to a six-week high in Hong Kong. This, despite the company missing sales forecasts due to zero-Covid restrictions. In the Bahamas, the government seizes collapsed crypto exchange FTX’s assets following its bankruptcy filing. And there is turmoil at Twitter as mass resignations follow CEO Elon Musk’s call for a new ‘hardcore’ work culture at the social media giant.