The London Stock Exchange is set to expand its portfolio, confirming that it is buying data analytics platform Refinitiv for $27bn. In Asia, markets have been wary ahead of upcoming trade talks between Washington D.C. and Beijing with investors anticipating a rate cut from the Federal Reserve later this week. The unrest continues in Hong Kong with police firing rubber bullets and tear gas at pro-democracy protestors. It’s the eighth consecutive weekend of violence and Beijing is expected to speak out about the clashes. And in Vienna, Iranian diplomats hail ‘constructive’ emergency talks over the nuclear deal but also warned that Tehran will reduce its commitments should the remaining parties in the JCPOA fail to look after its interests.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A mixed session for Asian and U.S. stocks following concerns over central bank movements. The Federal Reserve is expected to be less aggressive next week but ECB president Mario Draghi has drawn the ire of the German banking association after he signaled a potential fresh round of stimulus. We discuss the market mood live at the first-ever Salzburg Summit. In corporate news, Amazon’s record profit streak finally comes to an end with Q2 data missing but Alphabet beats expectations and announces a $25bn share buy-back. We also have earnings from Signify and Pearson.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It’s a massive day of earnings on both sides of the pond. Tech stocks lead the S&P 500 and Nasdaq to fresh peaks, while Facebook’s Q2 results fly in the face of recent regulatory concerns. Tesla, however, sees shares plunge as second-quarter earnings fall short of estimates. We also have quarterly results from Roche, Unilever, AstraZeneca, Anglo American, Valeo and Diageo. The euro hovers near two-month lows against the dollar ahead of today’s rate decision amid the prospect of more easing from the European Central Bank. And in the UK, new Prime Minister Boris Johnson assembles his new cabinet with a decidedly pro-Leave character, vowing to deliver Brexit by Halloween.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors talk to Annette Weisbach about Deutsche Bank's bigger-than-expected second-quarter loss, as its major overhaul eats into the bottom line. Autos are another big theme on the show, as Daimler swings into the red in the period, while French rival PSA Group surprises to the upside. Overall, Chinese stocks follow Wall Street higher as sources tell CNBC that U.S. trade negotiators will visit Beijing for face-to-face talks next week. Amazon, Alphabet and Facebook dip after hours after the U.S. Department of Justice launches a sweeping antitrust probe into the tech giants. Shares in Snap, however, smash Wall Street Q2 estimates on the back of strong user growth. In the UK, Boris Johnson is set to take over as Prime Minister today, following a decisive victory in the Conservative Party leadership race.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Earnings season heats up with Swiss bank UBS beating on the top and bottom line, delivering its best second quarter in 9 years. CEO Sergio Ermotti tells CNBC the strong performance comes despite interest rate uncertainty. Santander also tops forecasts but second-quarter profit drops on restructuring costs relating to Banco Popular. In the U.S., technology stocks rally ahead of key reports from Facebook, Alphabet and Amazon. In the UK, foreign minister Jeremy Hunt calls for the formation of a European maritime mission to counter Iranian threats in the Gulf, but the focus is on the reaction from Downing Street, as Boris Johnson is expected to be named Conservative Party leader today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

International strife in the Strait of Hormuz drives oil prices higher. The U.K. government calls the seizure of a British-flagged oil tanker by Iranian commandos ‘an illegal act’. Chinese technology stocks soar on their first day of trading on the STAR market, Shanghai’s new exchange is aimed at rivalling the Nasdaq. In Japan, the ruling bloc falls shy of a super-majority in Upper House elections. The result could hamper Prime Minister Shinzo Abe’s push for constitutional reform. And there are chaotic scenes in Hong Kong with pro-democracy demonstrators clashing with authorities during the seventh consecutive weekend of violence in the territory.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian stocks get a boost at the end of the week following dovish comments from New York Federal Reserve president John Williams and Federal Reserve vice-chairman Richard Clarida about a possible rate cut later this month. Tensions in the Gulf bump oil prices higher following the taking down of an Iranian drone by a US Navy vessel. In corporate news, Microsoft shares soar to a record high following a 12 per cent rise in Q4 sales fuelled by its cloud service. Meanwhile, Boeing will take a near-$5bn tax hit as a result of the on-going grounding of its troubled 737 Max planes.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. stocks hit reverse on July’s gains, with the S&P 500 putting in its worst day in three weeks. In Europe, earnings from Novartis, Alstom and SAP dominate the headlines, while Netflix shares sink after a big miss for Q2 subscriber growth. Facebook’s cryptocurrency Libra keeps finance ministers on edge at the G7 meeting in Chantilly, France. And Amazon shares come under pressure after the European Commission launches an anti-trust investigation into how the online retail giant uses merchants’ data. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A little way off record highs and a long way to go on a trade deal. U.S. stocks snap their winning streak as President Trump casts doubt on the progress of negotiations between the U.S. and China. Ahead of the G7 summit in Chantilly, France, Federal Reserve Chairman Jerome Powell reiterates that he will ‘act as appropriate’ to sustain the U.S. economic expansion amid increased global uncertainty. In Strasbourg, Ursula Von Der Leyen becomes the first female European Commission president, winning over MEPs with her vision of a greener, fairer Europe. In Washington, Facebook faces scrutiny over its plans to launch cryptocurrency Libra, while the Swiss firm set to oversee the currency’s privacy tells CNBC that is has yet to hear from the social media giant.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. markets continue to break records but investors remain cautious about the health of the economy ahead of the upcoming earnings season. Facebook’s cryptocurrency Libra has come under more criticism, this time from U.S. Treasury Secretary Steven Mnuchin who has voiced concerns it could be used for illicit activities. In the UK, Tory Party leadership candidates Boris Johnson and Jeremy Hunt harden their Brexit stances but outgoing Chancellor Philip Hammond tells CNBC that he will do what he can to prevent a no-deal Brexit. And we’re live in Brussels where German defence minister Ursula Von Der Leyen faces a knife-edge vote which could make her the European Commission’s next president, or potentially cause an institutional rupture within the bloc should she not succeed.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the slowdown in Chinese Q2 GDP – at 6.2% it’s the lowest quarterly growth in 27 years. In Hong Kong, protests flare up again with demonstrators demanding the resignation of city CEO Carrie Lam. AB Inbev postpones its Budweiser IPO blaming weak demand which, at $9.8bn, would have been the biggest listing this year. We’re also live in Dubrovnik where the IMF and Croatian National Bank are holding a CESEE event. The leadership race to find the next managing director of the IMF is heating up.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Another milestone for U.S. stock markets with the Dow breaching the 27,000 mark for the very first time, a day after the S&P tops 3,000.The Federal Reserve chairman Jerome Powell has kept July rate cut hopes alive, saying that the central bank would respond to increasing global risks. In addition, Powell voiced concerns over Libra during his Senate testimony while President Trump has also hit out at Facebook’s crypto-currency, saying it will have “little standing”. He also slammed Beijing for not sticking to trade promises ahead of June Chinese trade data being released. And in corporate news, China’s Fosun Tourism Group prepares a £750m capital injection into ailing UK firm Thomas Cook.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. equity markets hit fresh highs and the S&P 500 crosses the 3,000 level after Federal Reserve Chairman Jerome Powell sets the stage for an ‘insurance’ cut later this month. President Trump launches a probe into France's proposed tax on tech firms, sparking concerns the move could lead to more tariffs between the U.S. and Europe. And oil prices hit their highest level in six weeks as producers in the Gulf Mexico cut their output ahead of what could be the first major storm of the hurricane season.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Waiting for the Fed. Equity markets trade cautiously as central bank chairman Jerome Powell prepares to begin his 2-day testimony on Capitol Hill. Trade talks are back on, with a ‘constructive’ phone call between Washington and Beijing breaking the U.S.-China stalemate. Chinese factory inflation falls flat for the month of June following almost three years of unbroken growth, raising fears of a manufacturing slowdown. And in corporate news, Airbus is set to leapfrog Boeing as the world’s largest plane maker as the U.S. firm sees deliveries slide by 37%.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

‘The extradition bill is dead’. Squawk Box analyses the impact of the scrapping of the controversial Hong Kong legislation following months of protests and civil unrest. Shares in Deutsche Bank see red as investors begin to question the bank’s dramatic overhaul, with 18,000 jobs set to go in a €7.4 bn shake-up. On Wall Street, Apple shares sink after Rosenblatt Securities downgrades the stock, citing a ‘fundamental deterioration’ in sales growth at the tech giant. And in Washington, President Trump launches a Twitter attack on the UK’s ambassador to the U.S. and UK Prime Minister Theresa May over leaked diplomatic cables critical of his administration.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Deutsche Bank announces a radical overhaul, cutting 18,000 jobs and exiting its global equities sales and trading business. The German lender’s CFO James Von Moltke tells CNBC that this round of restructuring will be the last. A strong U.S. jobs report prompts investors to dial back on hopes of a Federal Reserve rate cut. However, the Bank of France governor tells this channel that the ECB may move as early as this month. And we are live in Greece where we hear from newly elected prime minister Kyriakos Mitsotakis whose New Democracy has won a resounding victory ousting Alexis Tsipras and his Syriza party.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Samsung falls victim to U.S.-China trade tensions, warning second-quarter profits will halve after deliveries to the Chinese smartphone maker Huawei sink. Broader Asian equities stick to two-month highs while global bond yields hold near-record lows ahead of the release of U.S. non-farm payrolls data later today. Relations between Tehran and the West sour further following the seizure of an Iranian tanker suspected of Syrian sanctions violations by British forces off the coast of Gibraltar. And President Trump uses the 4th of July celebrations to highlight America’s military might, with tanks and aircraft featuring in a lavish parade in Washington D.C.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The global bond market rally accelerates. Squawk Box anchors discuss the moves in fixed income markets. The U.S. ten-year yield hits a 32-month low while euro zone bond rates fall to fresh record lows, amid expectations that ECB President nominee Christine Lagarde will maintain the central bank’s dovish stance. White House economics advisor Larry Kudlow has signalled that U.S.-China talks will resume ‘soon’ in a bid to resolve trade tensions. Washington prepares for a lavish multimillion-dollar military celebration to mark the 4th of July. The cost of restructuring Deutsche Bank could reportedly amount to €5 billion. And in Brussels, the European Union Commission has called off threats of disciplinary action against Rome after the Italian government took measures to trim its public debt.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors talk change at the top for the EU’s most important institutions. Christine Lagarde is nominated to become the next president of the ECB as EU leaders finally break the deadlock to agree on who will fill the the bloc’s executive positions. Oil prices fall despite an Opec+ deal to extend the supply cut. Secretary-General Mohammed Barkindo tells this channel that Russia is now an important and trusted ally of the cartel. Meanwhile, the S&P 500 posts its seventh record close of the year, but Asian equities fall as trade concerns and poor Chinese data weigh on prices. And in autos, Tesla smashes Q2 production and delivery records sending its shares soaring in after-hours trading.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The global rally loses steam after the S&P 500 closes at a fresh record high, following President Trump’s confirmation that new trade talks with China have already started. Calm returns to Hong Kong following violent overnight protests with demonstrators storming and vandalising the Legislative Council building. We are live on site as the clean-up operation begins. We’re also at the World Economic Forum in Dalian, China, where Premier Li acknowledges global and domestic economic risks and says Beijing will push forward with opening up its financial and manufacturing sectors. Oil prices slip overnight despite yesterday’s decision by Opec to extend supply cuts for a further 9 months. Saudi Arabia’s energy minister Khalid Al-Falih says demand is already picking up.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chinese stocks and U.S. futures surge after Presidents Trump and Xi agree on a trade truce at the G20 summit in Osaka, calling a time-out on any fresh tariffs. President Trump also makes a historic visit crossing over the DMZ to meet North Korean leader Kim Jong-Un. We are live in Japan and at the World Economic Forum meeting in China with reactions from policymakers. Iran backs the Saudi-Russian plan to extend existing oil supply cuts, paving the way for a deal at the OPEC meeting in Vienna. CNBC sources confirm reports Deutsche Bank is planning to cut up to 20,000 jobs in a major overhaul.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CNBC confirms Chinese President Xi Jinping is ready to offer the U.S. a set of demands to conclude a trade deal which would feature lifting a ban on Huawei, while President Trump emphasises the importance of security in 5G. We are live at the G20 summit in Osaka, Japan, where bilateral meetings between the world’s top leaders continue. The enthusiasm for a trade deal, however, isn’t reflected in Asian stocks with markets edging lower and Morgan Stanley CEO James Gorman telling this channel exclusively that he believes U.S.-China trade talks may drag on for up to a decade.  Credit Suisse only gets a conditional pass in the Fed’s latest bank stress tests, sending shares lower in after-hours on Wall Street, but Deutsche Bank rallies as it makes it through. And in a second night of televised debates, ten more Democrat presidential candidates hit out at Donald Trump - and each other.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian shares rise on a report that the U.S. and China have struck a trade truce ahead of a meeting between Presidents Trump and Xi at the G20 in Osaka, Japan this weekend. President Trump also boosts hope of a possible trade deal as leaders make their way to the summit. In Miami, Democrat presidential candidates face off in the first round of debates with healthcare, immigration and Trump’s economic policies the predominant topics. In corporate news, there are rumours that the EU may give Vodafone the go-ahead with its $22bn takeover of Liberty Global, while activist investor Elliott Advisors confirms a holding in German chemicals giant Bayer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian stocks follow Wall Street into the red after U.S. Federal Reserve chairman Jerome Powell plays down expectations of an interest rate cut, saying monetary policy should not overreact to any individual data point or short-term swing in sentiment. Gold also climbs down from a six-year high. President Trump threatens Iran with "obliteration" after Tehran's president questions the mental competence of the U.S. leader. We are live in Manama, Bahrain, where President Trump’s son-in-law Jared Kushner is holding a Middle East peace workshop. And U.S. chipmakers appear to side-step Washington's ban on Huawei, as the administration reportedly aims to restart trade negotiations with China after Presidents Trump and Xi meet at the G20.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the new wave of sanctions against Iran signed by President Trump, this time directly targeting the nation’s supreme leader, Ayatollah Ali Khamenei. We are live in Manama, Bahrain, where Israel and Palestine are sitting out a U.S.-sponsored peace summit with a $50bn economic package on the table. On the Chinese trade talks, President Trump signals he would welcome any outcome as negotiators from Washington and Beijing prepare to meet later this week. And across Asia, markets are down after a U.S. judge finds three Chinese banks in contempt for failing to comply with an investigation into North Korean sanctions violations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. prepares to unveil additional sanctions against Iran, ramping up tensions between the two nations. President Trump says he is not looking for war, while the U.S. envoy to Iran tells CNBC exclusively that the administration has not discounted further negotiations. On trade, China urges Washington to be open to compromise in upcoming G20 talks with Beijing as further Chinese tech firms are added to the U.S. blacklist. Turkey's opposition party wins again in Istanbul. The re-run for the post of mayor is a major blow to the ruling AK Party and President Erdogan. And in corporate news, Daimler downgrades its 2019 profit forecasts as higher diesel provisions weigh on its outlook.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Squawk Box anchors discuss the latest escalation in tensions between Washington and Tehran, which sent oil prices sharply higher.President Trump reportedly approved military strikes against Iran but then backed down, according to the New York Times and the Washington Post. The reports, which both cite multiple officials, say Trump approved the moves in retaliation for Iran shooting down a U.S. drone over the Strait of Hormuz. Top EU diplomat Federica Mogherini has told CNBC Europe will facilitate talks between the two parties to avoid a military escalation in the Middle East. On the equity market front, the S&P 500 closed at a fresh record high on dovish language from central banks around the world. AND In the UK, Boris Johnson and Jeremy Hunt will now face off for Britain's top job, as the final two candidates are confirmed in the race to succeed Theresa May as Prime Minister.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the U.S. Federal Reserve's dovish interest rate hold for June but the central bank signals more cuts could be on the way, as Chairman Jerome Powell flags concerns about the health of the U.S. economy. The decision boosts U.S. equity markets while the 10-year treasury bill slides below 2 per cent for the first time in three years. Renewed positivity regarding a U.S.-China trade deal boosts Chinese markets and we speak exclusively to Huawei CEO Ren Zhengfei who has shrugged off concerns of a U.S. ban on his company. We are live in front of the Bank of England, as the BOE is also widely expected to hold rates later today while reaffirming the potential for a hike in the coming months. And in Brussels, European Council President Donald Tusk says he is hopeful of an imminent summit decision on who will fill the bloc’s leadership positions.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the global stock market rally amid optimism for a U.S.-China trade deal after U.S. President Donald Trump confirms he'll meet with Xi Jinping at the G20 summit. Signals from the ECB that it is considering further easing also boosts equities and sends bond yields to near two-year lows, while investors await a decision from the Fed today. President Trump takes aim at central bankers, saying he could consider demoting Fed Chair Jerome Powell while also blasting Mario Draghi's stimulus plans. Elsewhere, the remaining contenders to become the next UK Prime Minister clash in a TV debate, and Facebook’s cryptocurrency gets a frosty response from regulators.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Central banks take centre stage on Squawk Box, as ECB President Mario Draghi prepares to give his keynote speech at the ECB forum in Sintra, and the Federal Reserve begins its two-day meeting amid market speculation over whether the FOMC will consider cutting interest rates. Former ECB President Jean-Claude Trichet tells CNBC that the world’s two largest central banks should not be solely relied upon to stimulate growth. The U.S. Defence department announces a deployment of an additional 1,000 troops to the Gulf region, as tensions with Iran continue to rise following the recent tanker explosions. Chinese President Xi Jinping is due to travel to North Korea on his first-ever state visit to the country ahead of a possible meeting with President Trump at the G20 summit in Japan. And at the Paris Air Show, safety concerns surrounding the Boeing 737 Max continue to dog the U.S. plane maker as it fails to land a single order on the first day of the event.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the latest protests in Hong Kong as demonstrators take to the streets again, despite the city’s Legislative Council backing down and suspending the controversial extradition bill. We are live from the territory. Asian markets are mixed after chip-makers lead the way lower in the U.S. session on Friday and investors look ahead to the U.S. Federal Reserve’s decision on Wednesday. Deutsche Bank is reportedly preparing to overhaul its trading operations with plans for a ‘bad’ bank’ for toxic assets. Saudi Arabia's crown prince has joined the U.S. in accusing Iran of carrying out attacks on two tankers in the Gulf of Oman last week. And, we are live at the Paris Air Show, where Boeing is the central focus amid on-going safety concerns over the plane-maker's 737 Max jets.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the oil price rally following an attack on two tankers in the Gulf of Oman. The U.S. State Department points the finger at Iran, but Tehran denies the accusations. Asian equities are mixed, with more protests over a controversial extradition bill in Hong Kong planned over the weekend. In Luxembourg, European finance ministers meet with the soaring Italian debt under the microscope. And in London, the race to replace Theresa May as Prime Minister and leader of the Conservative Party has been whittled down from ten to seven, with Boris Johnson winning a commanding first-round victory.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the economic battle lines on the trade front, after President Trump describes the atmosphere between Washington and Beijing as “testy”. We cross live to Hong Kong where government offices stay closed after mass protests against a controversial extradition bill turned violent. Asian equities move lower following back-to-back losses on Wall Street, while the oil price hovers around a 5-month low. We are live in Luxembourg where euro zone finance ministers consider the European Commission’s disciplinary proposals against Italy over its debt issues. And in the UK, Boris Johnson has launched his campaign to replace Theresa May as Prime Minister and leader of the Conservative Party.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the on-going political crisis in Hong Kong where the Legislative Council has postponed debate over a controversial extradition bill in the face of mass street protests. China reports slowing factory inflation, however, consumer inflation is at its highest level for 15 months with food prices rocketing. In the U.S., the Dow ends a six-day winning streak, while President Trump’s top chief economic advisor Larry Kudlow tells CNBC that the U.S. will still maintain 3 per cent growth with or without a trade deal with China. And, Goldman Sachs CEO David Solomon fires off a warning to Trump, telling this channel that investors are concerned the President is using tariffs for his broader agenda. Among a number of M&A deals making the headlines, private equity giant KKR launches a takeover bid for German media company Axel Springer.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the rally in Chinese stocks after another day of gains on Wall Street fuelled by optimism of a Fed rate cut and the U.S.-Mexico deal. However, President Trump keeps the threat of further tariffs hanging over Beijing should President Xi fail to attend the G20 in Osaka later this month. He also dangles the prospect of including smartphone giant Huawei in the trade negotiations. Meanwhile in London, the final ten candidates to take control of the Conservative Party and replace Theresa May as UK prime minister have been confirmed ahead of this Thursday’s first-round vote. In M&A news, Dutch lender ING reportedly u-turns on a potential merger with Germany’s Commerzbank. Plus, we’re live in Shanghai at the Consumer Electronics Show for the latest in Chinese tech.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss how the U.S.-China trade war has played out at the G20 finance minister meeting in Fukuoka, Japan, where U.S. Treasury Secretary Steven Mnuchin tells CNBC exclusively that President Trump is readying himself to make the next move after he meets President Xi later in June. He also says Trump will insist on keeping the threat of more tariffs on the table. U.S. futures have risen after President Trump decided not to slap tariffs on Mexico after reaching a deal on illegal immigration enforcement. Chinese equities are also trading firmly in the green after China’s trade surplus came in higher than expected. In M&A news, United Technologies and Raytheon have teamed up in an all-stock tie-up to create the second-largest U.S. defence company, while French finance minister Bruno Le Maire tells CNBC that his government’s priority is to strengthen Renault’s alliance with Nissan, following the collapsed merger with FCA.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the fourth-straight day of gains for the Dow, prompted by signs of progress in trade talks between the U.S. and Mexico ahead of Monday’s tariff deadline. We’re awaiting the U.S. jobs report as the ECB joins other central banks with pushing out a rate hike amid warnings of a global uncertainty. We are live in front of Downing Street, as Theresa May prepares to step down as Prime Minister and leader of the Conservative Party, with the race to choose her successor set to begin next week. French pharmaceutical company Sanofi announces a new CEO, appointing Novartis executive Paul Hudson to the job from September. In Germany, Deutsche Bank’s investment arm head is under pressure as prosecutors launch a tax investigation at the lender. And we’re at the St Petersburg International Economic Forum, where Russia and China have inked $20bn worth of business deals in a show of unity to Washington.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss Fiat Chrysler upending its $33 bn mega-merger for French carmaker Renault, blaming political resistance for stalling the deal talks. Stateside, major indices rally on rising hopes of a Fed rate cut, but gains are capped in Asia after U.S. and Mexican trade negotiators fail to make progress in tariff talks. President Trump heads to Ireland, meeting with Irish Taoiseach Leo Varadkar to talk Brexit and Huawei's proposed 5G rollout. We follow him to Normandy for the 75th D-Day anniversary commemorations. And, we are live in St Petersburg where Chinese President Xi Jinping hails his relationship with ‘best and bosom friend’ President Putin while striking a Russian 5G deal between Huawei and MTS.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the stock market rally in Asia and the U.S. with Wall Street recording its second-best day of the year. The strong performance comes after Federal Reserve Chairman Jerome Powell says the central bank is ready to ease policy amid rising trade tensions. Fed Vice-Chair Richard Clarida has told CNBC exclusively that he and his fellow policymakers will put in place policies to ensure the U.S. economy remains in a good place. Meanwhile, President Trump continues his state visit to the U.K., playing down differences between Washington and London over Huawei’s 5G rollout and promising a ‘phenomenal’ U.S.-U.K. trade deal once Brexit is achieved. He has also indicated he will forge ahead with slapping tariffs on Mexican goods despite opposition to the move from within his own party. And in Rome, joint deputy prime ministers Matteo Salvini and Luigi Di Maio agree to bury the hatchet and ease tensions to cooperate in the interests of political stability.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the slump in U.S. tech stocks on the back of concerns over a potential anti-trust investigation into whether the biggest names in Silicon Valley have been abusing their market dominance. President Trump’s historic state visit to the UK turns from pomp to politics. The Queen rolls out the red carpet in a lavish state banquet for President, but demonstrators prepare to stage a massive protest on the streets of London. In central bank news, the RBA slashes rates to a record low of 1.25%, while US yields fall again as St Louis Federal Reserve President James Bullard says a rate cut "may be warranted soon". And in Italy, Prime Minister Giuseppe Conte threatens to resign in a bid to quell the political bickering between coalition partners Five Star and Lega.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss how trade tensions have helped wipe $2 trillion from global stocks during May, as Beijing blames Washington for the collapse in negotiations, saying the White House’s hardline stance will not resolve the dispute. President Trump kicks off his 3-day state visit to Britain with an opening salvo on Brexit, backing a no-deal departure and endorsing Boris Johnson as Prime Minister. He also talks of a potential U.K. – U.S. trade deal. And in Germany, Angela Merkel's grand coalition suffers a blow with the resignation of SPD leader Andrea Nahles, following her party’s European election drubbing last week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss President Trump’s latest trade confrontation. This time he targets Mexico in a bid to quell the flow of illegal immigration across the southern border. The Mexican peso and U.S. futures slump off the back of the announcement. Manufacturing activity in China falls more than expected in May amid Beijing’s trade dispute with Washington. Across the Pacific, Federal Reserve vice-chairman Richard Clarida signals the central bank is open to rate cuts, should the economy weaken. And ride-hailing firm Uber reports a $1bn loss in its first quarterly market report since its IPO but shares rise on the data which is in line with expectations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss recession concerns amid the deepening inversion of US Treasury yields, with the gap between the 3-month and 10-year rates at their widest since the financial crisis. The Dow slumps 200 points as Beijing escalates trade tensions, warning Washington of its ability to retaliate to hiked U.S. tariffs. We speak to ECB Vice-President Luis De Guindos about the central bank’s forecasts and looming troubles in Italy. And Nissan’s CEO gives cautious backing to news of the FCA-Renault merger with questions over the Japanese carmaker’s role in the tie-up remaining unanswered.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the warning signals in the bond market, as rates fall across the globe, with the yield on the 10-year treasury falling to a 19-month low. Stocks in Asia follow Wall Street lower amid fears the move in yields could be signalling an economic slowdown. Beijing hints it could withhold exports of rare earth minerals in its trade war with Washington but the U.S. Treasury stops just short of labelling China a currency manipulator despite voicing ‘significant concerns’ over certain practices. Also in China, telecoms giant Huawei’s chief legal officer tells CNBC that the U.S. move to blacklist the company is risky and has filed a motion to deem U.S. security law unconstitutional. And in Brussels, French President Emmanuel Macron and German Chancellor Angela Merkel find themselves at odds over who should become the next European Commission president as the bloc seeks to pick candidates for the top job by next month’s summit.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the upcoming race to fill the EU’s top positions, such as the Commission presidency, following the recent parliamentary elections. This could end up pitting France against Germany over the choice of president. Brussels is reportedly planning to take punitive action against Rome over Italy’s rising debt level but a defiant Matteo Salvini says that his Lega party’s strong EU electoral performance now gives it a mandate to change the bloc’s budgetary rules. Japan claims that it has not yet reached a trade deal with the U.S., as President Trump completes a four-day state visit to the country. And, reports suggest online retail giant Alibaba is considering a secondary Hong Kong listing valued up to $20bn following its first IPO in the U.S back in 2014.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the results of the European parliamentary elections with the centre bloc suffering a big blow from wins for Liberal, Euro-sceptic and Green parties. The euro, however, manages to parry the populist surge seen in the UK, France and Italy. Italian deputy prime minister and Lega leader Matteo Salvini hails the results, saying that Europe is changing. We are live in Westminster, Bremen and Turin with full analysis and a breakdown of the results. Meanwhile, U.S. president Donald Trump presses Japanese prime minister Shinzo Abe on the trade imbalance between the two nations during a four-day state visit. And Italo-American carmaker Fiat Chrysler and French counterpart Renault announce a mega-merger to create the world’s third biggest auto manufacturer.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the latest sell-off in U.S. stocks amid the ongoing fears about the US-China trade war, with the Dow braced for its fifth weekly drop and its longest losing streak for 8 years. The yield on the U.S. 10-year Treasury also plunges to 2017 lows amid the risk-off sentiment and oil dips nearly 6 per cent before clawing back losses. Meanwhile, President Trump suggests Huawei could be included in an eventual trade agreement despite branding the Chinese smartphone giant as ‘dangerous’. Secretary of State Mike Pompeo tells CNBC the tech giant is lying about its ties to the Chinese government. Deutsche Bank chairman Paul Achleitner survives calls to oust him as the troubled German lender warns of cutbacks during its annual shareholder meeting. And we are live in Westminster where word on the street is that UK Prime Minister Theresa May could be ready to tender her resignation amid a cabinet backlash over her latest Brexit deal proposal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Squawk Box anchors discuss the on-going calls for UK Prime Minister Theresa May’s resignation as Commons leader Andrea Leadsom tenders her resignation from the cabinet over May’s new Brexit deal. We have reaction from Westminster. In the U.S., the Federal Reserve minutes reveal that rates will remain steady for the foreseeable future as inflationary pressures have subsided. CNBC learns from a top executive at Huawei that the Chinese telecom giant could be ready to launch its own operating system this year should it be barred from using Google and Microsoft’s platforms. And, U.S. chipmaker Qualcomm’s stock dives after a U.S. court rules that it violated anti-trust law by illegally suppressing competition.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.