SQUAWK BOX, WEDNESDAY 12TH FEBRUARY, 2020

Confident but cautious...Federal Reserve Chairman Jerome Powell tells Congress that the U.S. economy remains very resilient but acknowledges that the ongoing coronavirus is still a threat – this on the day that China confirms its lowest number of new cases since late January. In the New Hampshire Democratic primaries, Senator Bernie Sanders pips Iowa caucus winner Pete Buttigieg to victory and leaves former Vice-President Joe Biden trailing in fifth place. Shares in Softbank surge on the judicial approval of the Sprint-T-Mobile tie-up but a series of bad investment decisions weigh on the Japanese tech giant, driving quarterly operating profit down 99 per cent. It’s better news for Heineken, which reports a solid set of fourth-quarter earnings but cautions it’s too early to assess the full impact of the virus outbreak. And we are live in Cairo at Egypt’s petroleum show, EGYPS 2020, where U.S. Assistant Energy Secretary Frank Fannon tells CNBC that Europe is set to find itself in a gas and LNG supply tug-of-war between the U.S. and Russia.