SQUAWK BOX, TUESDAY 11TH FEBRUARY, 2020

The coronavirus claims its 1,000th victim with more than a hundred new cases confirmed in a day. A number of Chinese officials have been removed over their handling of the outbreak, while more economists update their growth forecasts. Analysts at Citi slash their first-quarter China GDP guidance to 3.6 per cent. Italian luxury winter couture brand Moncler has also given a cautious outlook due to a ‘critical’ business environment in China where store footfall has plunged by up to 80 per cent. Asian equities, however, have followed U.S. stocks higher with Amazon pushing the S&P and Nasdaq onto fresh record highs. And on the earnings front, travel operator TUI says the grounding of the Boeing 737 Max continues to weigh on profits, but withholds comment on the impact of the virus outbreak. German luxury car maker Daimler slashes its dividend amid its latest profit warning.