SQUAWK BOX, TUESDAY 20TH AUGUST, 2019

The Wall Street rebound is on. U.S. stocks nearly wipe out all of last week's major losses, with the Dow managing to reach an intra-day high just 5 per cent below its all-time record. In Asia, stocks edge higher as the PBOC sets its new lending reference slightly lower on its first day and Washington grants Huawei a 90-day extension of its sales permit but simultaneously adds more affiliate companies to its blacklist. Facebook and Twitter move to block accounts they say are being used in pro-Beijing propaganda aimed at stymieing the Hong Kong pro-democracy protests. Chery Kang reports from the territory as chief executive Carrie Lam says she hopes the peaceful rallies over the weekend mark a turning point for the city. And we’re on crisis-watch in Rome, where Italian Prime Minister Giuseppe Conte is due to address the Senate and a no-confidence vote could bring down the coalition government.