Squawk Box Europe Express

Farewell Frankfurt…ECB president Mario Draghi prepares his final press conference before stepping aside for Christine Lagarde amid a backdrop of negative rates and weakening data in the euro zone. We are live in Frankfurt to look at his legacy. In corporate news, Tesla shares soar more than 20 per cent following a surprise Q3 beat but Ford slides and cuts its full-year profit forecast, warning of a slowdown in China. There's a similar story in the German automotive sector, where Daimler cuts the revenue outlook for its trucks division. Nokia lowers both its 2019 and 2020 profit guidance as the Finnish telco warns tough competition is squeezing margins. It also halts its dividend as it ramps up investments in 5G amid battles with rivals.Meanwhile on Capitol Hill, Facebook founder Mark Zuckerberg is grilled by the House Financial Services Committee over his company’s planned entrance into the cryptocurrency market.