Squawk Box anchors talk to Annette Weisbach about Deutsche Bank's bigger-than-expected second-quarter loss, as its major overhaul eats into the bottom line. Autos are another big theme on the show, as Daimler swings into the red in the period, while French rival PSA Group surprises to the upside. Overall, Chinese stocks follow Wall Street higher as sources tell CNBC that U.S. trade negotiators will visit Beijing for face-to-face talks next week. Amazon, Alphabet and Facebook dip after hours after the U.S. Department of Justice launches a sweeping antitrust probe into the tech giants. Shares in Snap, however, smash Wall Street Q2 estimates on the back of strong user growth. In the UK, Boris Johnson is set to take over as Prime Minister today, following a decisive victory in the Conservative Party leadership race.

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