SQUAWK BOX, FRIDAY 2ND DECEMBER, 2022

Asian markets retreat and U.S. equities give back some gains, with investors eyeing today's Non-Farm Payrolls report - while Fed Governor Michelle Bowman echoes Jerome Powell's message that tightening may slow but last longer. EU ministers edge closer to a deal to cap Russian crude oil prices, tentatively agreeing on a 60 dollar per barrel ceiling just days ahead of a de facto deadline. President Biden rolls out the red carpet for his French counterpart Emmanuel Macron, hosting his first state dinner as the pair pledge to hold Russia accountable for its actions in Ukraine. Twitter reportedly offers incentives to advertisers in a bid to win them back - while Elon Musk suspends Kanye West's account after the rapper violates the platform's rules once again.