SQUAWK BOX, THURSDAY 5TH MARCH, 2020

On the up… Chinese stocks hit a two-week high after the Dow surges more than a thousand points boosted by healthcare stocks and Joe Biden's strengthened bid in the Democratic presidential race. The U.S. House of Representatives passes an $8bn emergency funding bill to combat COVID-19, while the IMF sets aside a $50bn aid package, as managing director Kristalina Georgieva warns global growth will slow this year. Oil prices start to rebound as Opec meets in Vienna, with Russia reportedly pushing back against Saudi plans to slash supply cuts even further. And in corporate news, troubled UK regional airline FlyBe goes into administration just two months after securing a controversial government rescue deal. Coronavirus is cited as adding to the carrier’s woes.