SQUAWK BOX, MONDAY 10TH MAY, 2021

A major U.S. fuel pipeline suffers a cyber attack, shutting down facilities serving up to 50 million people. NBC News sources learn Russian criminal groups may be responsible for the ransomware hacking on Colonial Pipeline. The U.S. government has issued an emergency declaration following the incident, with oil prices moving higher. In broader markets, Wall Street hits new highs on Friday despite the April U.S. jobs numbers coming in below expectations. Scottish First Minister Nicola Sturgeon has launched a renewed push for a second independence referendum following the SNP’s resounding victory in last Thursday’s elections. There is fresh discord between Brussels and Washington over Covid vaccine patents with EU leaders slamming President Biden’s IP waiver plan and calling for production to be ramped up to aid poorer nations.