SQUAWK BOX, WEDNESDAY 6TH JANUARY, 2021

Markets eye the Georgia Senate race which still remains too close to call. Futures see-saw and the 10-year treasury yield is up 1 per cent for the first time since March. Meanwhile, President Trump signs an executive order to ban 8 Chinese apps, renewing trade tensions between Washington and Beijing. China sees services activity slide to a three-month low but it is still expanding with several regional outbreaks of Covid-19 hampering recovery. And in commodities, Saudi Arabia makes a surprise voluntary cut of one million barrels of oil a day, sending prices soaring to more than $50 for the first time since February 2020.