‘The extradition bill is dead’. Squawk Box analyses the impact of the scrapping of the controversial Hong Kong legislation following months of protests and civil unrest. Shares in Deutsche Bank see red as investors begin to question the bank’s dramatic overhaul, with 18,000 jobs set to go in a €7.4 bn shake-up. On Wall Street, Apple shares sink after Rosenblatt Securities downgrades the stock, citing a ‘fundamental deterioration’ in sales growth at the tech giant. And in Washington, President Trump launches a Twitter attack on the UK’s ambassador to the U.S. and UK Prime Minister Theresa May over leaked diplomatic cables critical of his administration.

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