SQUAWK BOX, WEDNESDAY 3RD FEBRUARY, 2021

It’s the end of an era as Jeff Bezos hands over the reins of Amazon to Web Services CEO Andy Jassy later this year. This, as the e-commerce titan reports a record $125bn in Q4 revenues. Alphabet shares soar in after-hours trade as earnings top expectations despite a $5.6bn loss from Google’s Cloud unit. In Europe, Banco Santander suffers a record annual loss of €8.7bn but insists it will pay out its dividend. Siemens CEO Joe Kaeser marks his final quarter as CEO by raising full-year guidance following a 38 per cent surge in Q4 net income. And in Italy, President Mattarella is expected to invite former ECB President Mario Draghi to head a new government following the collapse of talks between the parties in the Conte-led coalition.