SQUAWK BOX, WEDNESDAY 3RD MARCH, 2021

UK Chancellor of the Exchequer Rishi Sunak is set to unveil his 2021 Budget, which is expected to include an extension to the worker furlough scheme but also corporate tax hikes in a bid “to do whatever it takes” to bolster the British economy. Wall Street dips into the red with tech shares weighing on the Nasdaq in particular. President Biden announces the U.S. will have enough vaccine doses to inoculate every American by May. This, as drug maker rivals Johnson & Johnson and Merck join forces to accelerate the country’s rollout. Social distancing restrictions around China are felt in weak demand for services with the sector growing at its slowest pace in 10 months.