SQUAWK BOX WEDNESDAY 16TH OCTOBER 2019

Burning the midnight oil – U.K. and EU negotiators hold talks in London and Brussels late into the night, appearing to edge closer to a last-minute withdrawal deal, but certain sticking points remain unresolved. In Hong Kong, vocal protests in the Legislative Council session itself force the territory’s Chief Executive Carrie Lam to deliver her policy address via video link. In Washington, the IMF warns that the U.S.-China trade war, a ‘synchronised’ global slowdown and ongoing geo-political uncertainty have prompted the fund to cut 2019 growth forecasts to the lowest level since the 2008 financial crisis. And on Wall Street JP Morgan soars after the lender smashes forecasts, but Goldman Sachs doesn’t fare as well, hit by losses from its investments in WeWork and Uber.