SQUAWK BOX, TUESDAY 24TH MAY, 2022

We hear from Spanish prime minister Pedro Sanchez who says the war in Ukraine is hampering the EU recovery but remains optimistic over the bloc’s unity and strong fundamentals. Speaking at a CNBC panel at the World Economic Forum in Davos, IMF managing director Kristalina Georgieva warns of increasing economic challenges while Citi boss Jane Fraser believes a recession is inevitable. We also hear from Banque de France governor François Villeroy de Galhau who says July and September hikes by the ECB are a given. U.S. markets see a banks rally but a profit warning from social media giant Snap drives tech futures on the Nasdaq lower. And in Tokyo, Quad nations agree to a new satellite-based maritime initiative in a bid to counter China.