SQUAWK BOX, MONDAY 25TH JANUARY, 2021

The new Biden administration pushes Republican lawmakers to agree to a $1.9tn Covid relief fund after confirmed U.S. cases surpass 25 million. There is renewed tension over Taiwan with more than a dozen Chinese fighter jets entering the island’s airspace while a group of U.S. carriers led by USS Theodore Roosevelt arrive in the South China Sea. Former PBOC member Li Daokui tells this channel that normalising relations between Beijing and Washington will take time. In Germany, economy minister Peter Altmaier has voiced alarm at the global shortage of microchips for the auto sector. VW has reportedly threatened to seeks damages while Taiwan’s TSMC promises it will ramp up production for car companies.