SQUAWK BOX, WEDNESDAY 19TH JANUARY 2022

Ten-year Treasury yields hit a two-year high sparking a Wall Street sell-off as investors brace themselves for a possible rate hike at next week’s Fed meeting. However, BlackRock CEO Larry Fink tells CNBC he remains sanguine about any tightening at this point. We have more bank earnings from Wall St. with Goldman Sachs plunges almost 7 per cent in yesterday’s session as its Q4 costs come in higher than expected. Microsoft seals the biggest tech deal of all time, snapping up gaming company Activision Blizzard in a deal worth $67bn. And, U.S. Secretary of State Antony Blinken arrives in Kiev in a bid to quell tensions with Moscow. CNBC hears from Ukraine’s ambassador to the EU who says the bloc’s dependency on Russian gas is central to resolving the stand-off.