SQUAWK BOX, WEDNESDAY 20TH NOVEMBER, 2019

U.S. President Donald Trump threatens to increase tariffs on China sending Asian stocks lower if there is no 'phase one' agreement on a trade deal. The U.S. Senate passes a bill in support of Hong Kong protesters, eliciting swift criticism from China. Beijing calls it a blatant interference in internal affairs and vows to retaliate, also weighing on market sentiment. U.S. retail stocks take it on the chin amid weak results and forecasts from Kohl's and Home Depot, ahead of the Christmas holiday shopping season. And we are live in Moscow where we speak to VTB chairman Andrey Kostin about his view on the global slowdown and how much political tensions are weighing on the Russian economy.