SQUAWK BOX, WEDNESDAY 19TH AUGUST, 2020

A historic high for the S&P 500 as the index manages to recoup its entire Coronavirus losses with a 54 per cent jump from the lows of March. This marks the end of the shortest American bear market in history. U.S. Treasury Secretary Steven Mnuchin slams Democrats for delaying a fresh stimulus bill and tells CNBC that Main Street is greatly affected by the impasse. Joe Biden is formally announced as the Democratic Party presidential nominee. Key party figures vow Biden will end the ‘chaos’ of the Trump administration. And in Hong Kong, the Hang Seng morning session is cancelled as Typhoon Higos drenches the territory.