SQUAWK BOX, MONDAY 3RD MAY, 2021

U.S. futures are up ahead of the first May trading day. Investors ready themselves for a new week of earnings and Treasury Secretary Janet Yellen says price pressures are not a concern following President Biden’s proposed $4.1tn stimulus package. Legendary investor Warren Buffett, however, warns that inflation is a risk as the ‘red hot’ U.S. economy recovery gathers pace. Meanwhile, the Covid pandemic rages on in India, which records more than 3,400 deaths - its highest daily death toll so far. And in M&A news, private equity titan Apollo is closing in on Verizon’s media assets in a deal believed to be worth up to $5bn.