SQUAWK BOX, WEDNESDAY 25TH NOVEMBER, 2020

The Dow breaks the 30,000-point barrier for the first time ever with the index set to enjoy its best month since 1987. President Trump calls it “a sacred number”. Meanwhile, President-elect Joe Biden tells NBC the White House is sincere in its transition efforts and that the transfer of power will continue smoothly. In France, President Macron warns citizens to do everything possible to avoid a third Covid-19 wave as he outlines easing restrictions in the run-up to Christmas. UK Chancellor Rishi Sunak will unveil a £4.3bn spending plan to buffer mass unemployment as public borrowing hits levels not seen since WW2. And airlines around the world are likely to lose $160bn over 2020-21. We hear from the boss of IATA who says that not enough is being done to bolster the sector as it awaits mass vaccine rollouts.