SQUAWK BOX, WEDNESDAY 2ND MARCH, 2022

President Biden holds his first State of the Union address, slapping Russian President Vladimir Putin’s regime with the closure of U.S. airspace. He also announces an SPR release in a bid to re-balance crude prices which have hit their highest level in almost nine years. In Kiev, Russian airstrikes target the main TV tower as a huge convoy continues to crawl towards the capital. And China has indicated that it could provide mediation between Ukraine and Russia to reach a ceasefire.