SQUAWK BOX, FRIDAY 10TH JULY, 2020

Wall street divergence... The Nasdaq hits another record high as investors continue to bet on big tech stocks. The Dow and the S&P 500, however, slip into the red following a volatile session. The U.S. government sanctions top-ranking Chinese officials over allegations of human rights abuses against Uighur Muslims sending Chinese stocks lower, while Chinese banks brace for more restrictions from Washington following the introduction of Beijing’s controversial security law on Hong Kong. U.S. Treasury Secretary Steven Mnuchin tells CNBC that the White House and Congress are working to pass a new COVID-19 relief package by the end of this month, but warns it will not be as far reaching as earlier bills. And elections make headlines in Europe and Asia, with Singapore holding its general election amid a looming recession in the city- state while the Eurogroup chooses a new president to replace Mario Centeno.