SQUAWK BOX, WEDNESDAY 3RD NOVEMBER, 2021

President Joe Biden slams Chinese President Xi Jinping’s decision not to attend the Cop26 climate summit and says that no date has yet been set for the pair to meet. We hear from BlackRock CEO Larry Fink, who says that the private sector risks ‘massive market arbitrage’ should it not catch up with public sector action on climate change. The Fed inches closer to tapering as markets hold at fresh highs. UBS chairman Axel Weber tells CNBC he’s not concerned about central banks taking action to anchor inflation expectations. Meanwhile, China’s services sector shrugs off inflationary pressures to grow in October off the back of rebounding demand. And in tech news, Facebook scraps its facial recognition system and also deletes a billion users’ online data.