SQUAWK BOX, THURSDAY 19TH MAY, 2022

Wall Street suffers its worst day since June 2020. U.S. markets broadly sell off amid inflation and growth fears, sparked by a major earnings miss from retailer Target. Asian markets follow suit with tech stocks slumping in Hong Kong while miners and energy companies plunging on the ASX. We hear from U.S. Treasury Secretary Janet Yellen who says that energy sanctions are key to hampering Russian aggression in Ukraine. And global debt balloons to more than $300tn in Q1, raising fears of corporate defaults as interest rates continue on an upward trajectory.