SQUAWK BOX, WEDNESDAY 18TH DECEMBER, 2019

Flashing red… U.S. shipping and logistics giant Fed Ex sees shares slump after it issues its second profit warning in three months, citing ‘significant challenges’ in 2020. President Trump eyes a new trading partner as trade representative Robert Lighthizer says the U.S. wants to slash its trade deficit with Europe and may hike tariffs on EU goods. In currency news, sterling continues its slide against the dollar after Prime Minister Boris Johnson sets a December 2020 deadline for trade talks with Brussels, raising fresh fears of a cliff-edge Brexit. And, the boards of FCA Group and PSA greenlight a mega-merger which would create the world’s fourth-largest automaker.