SQUAWK BOX, FRIDAY 12TH FEBRUARY, 2021

Disney soars in extended trading after the media giant tops first-quarter earnings forecasts, while subscriber numbers near 95m. Female-focused dating app Bumble lists on Wall Street with shares spiking on the debut. Strong sales in China and soaring online orders help L’Oréal to a topline beat. In political news, President Biden warns senators that Beijing could outstrip Washington on infrastructure investment. And in Italy, PM-designate Mario Draghi succeeds in gathering enough support from Five Star Movement MPs to create a new majority government. He is expected to name his cabinet today.