SQUAWK BOX, WEDNESDAY 8TH JULY, 2020

U.S. markets see recent gains pared back as the tech rally begins to lose steam but gold holds at its highest level for 8 years. Investors turn risk-off after confirmed Covid-19 cases Stateside top 3 million. The WHO is set to update its guidance after evidence emerges that the Coronavirus could be airborne after all. In corporate news, logistics giant Deutsche Post DHL beats forecasts to deliver a 16 per cent jump in Q2 operating profit. And German lender Deutsche Bank is issued a $150m fine by the New York state department for financial services for its ties to Jeffrey Epstein. CEO Christian Sewing tells CNBC it was “a critical mistake” to take on the late convicted paedophile’s account.