SQUAWK BOX, THURSDAY 26TH NOVEMBER, 2020

U.S. markets see a Thanksgiving sell-off. Meanwhile, President-elect Biden’s call for people to observe Covid rules is met with a mass holiday travel getaway across the country. This, as rising jobless claims came in worse than expected. In Europe, ECB Vice-President Luis De Guindos has told CNBC that while bank profits on the Continent will be temporarily weak, the sector remains robust. UK markets closed lower yesterday following Chancellor Rishi Sunak’s spending review where he warned of an extended economic emergency. Britain’s GDP for 2020 is set for its biggest contraction in 300 years. And following Monday’s markets euphoria over the AstraZeneca/Oxford vaccine announcement, the head of the White House virus taskforce has now voiced doubts over the drug’s trial datasets. In M&A news, Salesforce is reportedly hoping to snap up workplace app Slack, pushing shares up by 20 per cent.