SQUAWK BOX, TUESDAY 25TH FEBRUARY, 2020

Bouncing back from a Wall Street sell-off. The Dow Jones nosedives by more than 1,000 points or 3.5 per cent – it’s worst single-day fall in two years – as fears of a global Coronavirus pandemic grow. The Nikkei follows suit but U.S. futures point to a rebound Stateside after American biotech firm Moderna sends the first batch of its Coronavirus vaccine to U.S. government researchers. The rapidly developed drug will start human trials at the end of April. Oil prices also rise slightly following a near-four per cent slump and gold pares gains after a safe-haven stampede saw the metal hit a seven-year high. We speak to the Saudi oil minister live, who tells us he is unconcerned about the impact of the virus. We also get the latest from Italy, as the north of the country remains on lockdown due to the outbreak and the Italian stock market suffers its worst day since the Brexit vote. Finally, we discuss the impact on corporate earnings, after billionaire investor Warren Buffett tells CNBC that the sell-off is a buying opportunity.