SQUAWK BOX, TUESDAY 2ND FEBRUARY, 2021

Equities have rebounded following their worst week since October. Every S&P 500 sector is in the green with further optimism on the back of earnings due from Pfizer, Exxon Mobil, Amazon and Alphabet. Meanwhile, silver comes off an 8-year high. Posts on WallStreetBets deny retail investor Reddit groups are involved in the price move. U.S. President Joe Biden meets with GOP senators but rejects calls to scale back his $1.9tn virus stimulus bill. Republicans are still hoping for a compromise on the final figure. And in Europe, the vaccine roll-out row intensifies. European Commission President Ursula Von Der Leyen now blames her deputy Valdis Dombrovskis for the climbdown on vaccine export controls. We also hear exclusively from Baker Hughes CEO Lorenzo Simonelli who tells CNBC the energy sector will recover this year as it adjusts to working with the new U.S. administration.