SQUAWK BOX, WEDNESDAY 26TH FEBRUARY, 2020

Pandemic panic. The Dow Jones suffers its worst two-day points loss in history with $1.7tn wiped off U.S. stocks. Fears of a global Coronavirus outbreak balloon with new cases reported in previously unaffected European countries and U.S. authorities warn a pandemic is likely, telling Americans to prepare for a possible 'community spread' of the infection. Investors head for safe havens and virus fears plunge the U.S. 10-year T-note to an all-time low. Shares across Asia follow the sell-off, but U.S. futures look to bounce back.

We speak to the best and brightest in the private equity world at the SuperReturn International conference in Berlin, as the industry’s returns underperform a major U.S. stock index for the first time. And it’s another big earnings day in Europe with numbers from mining giant Rio Tinto, French carmaker PSA, consumer goods conglomerate Danone and healthcare group Alcon.