SQUAWK BOX, TUESDAY 7TH APRIL, 2020

UK Prime Minister Boris Johnson has been moved to intensive care in hospital, after his Coronavirus symptoms worsen. Foreign minister Dominic Raab has stepped in to deputise. The Dow Jones rallied by 1,600 points on Monday with the retail sector leading the way following reports that infection numbers in the most stricken U.S. states have begun to level off. There are reports that Opec+ could agree on an output cut if the U.S. also slashes production. Euro zone finance ministers meet to discuss the EU’s financial rescue strategy but there are concerns that disagreement over Coronabonds could once again scupper any progress.