SQUAWK BOX, FRIDAY 7TH JANUARY, 2021

U.S. treasury yields continue to surge with investors bracing for an accelerated winding down of monetary support, while billionaire investor Ray Dalio tells CNBC the Fed is in a ‘delicate’ position. The WHO warns of an Omicron tsunami as global health systems struggle, but it says vaccine equity could end the pandemic this year. Oil prices pop as the violence continues in Kazakhstan’s largest city, Almaty, with scores killed and up to 3,000 detained. Russian troops have been called in to restore order. And in the U.S., President Biden marks the one-year anniversary of the deadly storming of Capitol Hill.