SQUAWK BOX. WEDNESDAY 7TH DECEMBER, 2022

China relaxes Covid measures, removing the need for negative test results before travel and allowing home quarantine. U.S. equities slide, with the S&P 500 posting its fourth straight day of losses while JP Morgan CEO Jamie Dimon tells CNBC falling consumer wealth could spark a downturn. NBC News projects Raphael Warnock will win a crucial run-off race in Georgia, giving the Democrats an ouright majority in the Senate and delivering a blow to former President Donald Trump. And, Meta slides as the company threatens to pull news from Facebook, as its ad model reportedly comes under pressure in Europe.