SQUAWK BOX, FRIDAY 28TH FEBRUARY, 2020

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.