SQUAWK BOX, TUESDAY 4TH MAY, 2021

The Tri-State area moves to join Florida and Texas in reopening most businesses to full capacity following months of lockdown. The Dow and S&P surge on the news with retail stocks gaining strongly. President Biden aims to garner support for his recovery plan after GOP lawmakers call the plan an “economy and jobs killer”. Meanwhile, Biden’s Secretary of State Antony Blinken meets UK Foreign Minister Dominic Raab in London for the first in-person G7 summit in two years. The pair discussed how to counter geo-political threats posed by Russia and China. In media news, Vivendi is set to sell down its stake in Italian broadcaster Mediaset, in a bid to resolve a five-year legal wrangle. We also have a slew of earnings from around Europe, including Adecco, Infineon and S4 Capital.