SQUAWK BOX, WEDNESDAY 25TH MARCH, 2020

Done deal…the White House and U.S. Senate finally agree on a massive $2tn stimulus package to mitigate the medical and economic fallout of the Coronavirus outbreak. The rescue agreement – the largest in U.S. history – drives Asian stocks sharply higher, after the Dow stages a massive rebound in its best day since 1933. India launches the world’s biggest lockdown with Prime Minister Narendra Modi ordering its 1.3bn-strong population to stay indoors for 3 weeks to stem the spread of the virus. In Tokyo, Prime Minister Shinzo Abe finally succumbs to pressure and postpones the Olympic Games until next year while in the UK, thousands of retired NHS staff will return to work and a new emergency hospital will be constructed in London’s ExCeL arena in the wake of the largest daily jump in Covid-19 cases.