SQUAWK BOX, TUESDAY 29TH OCTOBER, 2019

Strong earnings and hopes of a U.S.-China trade deal drive the S&P 500 to a fresh record high, while investors bet on a third rate cut from the Fed later this week. In tech, Alphabet shares fall in extended trade after Google’s parent company misses Q3 profit estimates, as rising costs outpace a strong performance in ad sales. In the U.K., Prime Minister Boris Johnson loses his third attempt to force a snap election but vows to try again, while the EU agrees to a 3-month Brexit delay. Commerzbank shares close higher, as the German lender beats expectations with a surprise jump in quarterly profit, in results released ahead of schedule. And finally, Euro Zone leaders praise Mario Draghi’s vision, as he prepares to hand over the reigns after 8 years at the helm of the ECB.