Whipsaw Stock Market, “Promising” Vaccine Data, Biden “Amazon Should Start Paying Their Taxes”

The “Squawk on the Street” gang discuss the morning’s whipsaw for stocks. China, U.S. tensions ramp up after China released draft legislation over new national security measures on Hong Kong. The law is expected to increase Beijing’s hold over Hong Kong after last year’s burst of anti-government protests. Tensions overshadowed positive comments on a potential coronavirus vaccine from the director of the National Institute of Allergy & Infectious Diseases. Fauci telling NPR that Moderna’s vaccine data looked “promising.” Plus, the “Squawk on the Street” crew discusses Apparent Democratic nominee Joe Biden’s comments to CNBC that Amazon, “should start paying their taxes.”