SQUAWK BOX, WEDNESDAY 14TH OCTOBER, 2020

U.S. equities break a 5-day winning streak, deepening losses after Eli Lilly halts is Covid-19 drug trial over safety concerns. The Senate is set to vote on a leaner stimulus package, with IMF Chief Economist Gita Gopinath telling CNBC a rescue package deal could add 2 per cent to U.S. growth next year. Apple CEO Tim Cook hails a new era for the iPhone with the launch of its 12th edition, featuring new pricing and 5G capabilities. And Wall Street banks kick off earnings season with JPMorgan and Citi reporting big EPS beats.