Boris Johnson Resigns; Luxury Art Market Soars 7/7/22
Squawk Pod7 Heinä 2022

Boris Johnson Resigns; Luxury Art Market Soars 7/7/22

UK Prime Minister Boris Johnson is resigning, following a torrent of resignations from ministers in his government in the past 24 hours. CNBC Europe’s Steve Sedgwick reports on the scandals that have caught up with Johnson and the quick sea changes of UK conservative politics. As Wall Street parses through the market’s recession signals and portfolio managers brace for a deeper downturn, the luxury art market soars. The first half of 2022 broke records for the industry, marking the most ever paid for an American artist at auction ($195 million), and the most ever paid for a single collection (a cool $922 million). CEO of Masterworks Scott Lynn offers investors fractional ownership–equity shares–of blue chip works by the likes of Basquiat and Banksy, and he says, it’s an alternative asset worth the hedge. Plus, the market is working its way through the Federal Reserve’s reasoning behind its 75 basis point rate hike decision last month.

In this episode:

Scott Lynn, @Scottlynn

Steve Sedgwick @Steve_Sedgwick

Joe Kernen, @JoeSquawk

Melissa Lee @MelissaLeeCNBC

Katie Kramer, @Kramer_Katie


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Jaksot(1854)

Gilead’s Remdesivir, the Drug that Could Treat Covid-19

Gilead’s Remdesivir, the Drug that Could Treat Covid-19

Gilead CEO Daniel O’Day shares details of Remdesivir’s two positive trials against Covid-19. He explains collaboration among global drugmakers, the process of finding a treatment for coronavirus, and worldwide, equitable distribution of the drug once it’s developed. CNBC’s Senior Health Science Reporter Meg Tirrell traces the history of Remdesivir, as well as the world’s response to pandemics in the past. In a conversation exclusive to Squawk Pod, Tirrell tracks the drugmakers still in the race for a Covid vaccine and treatment, and she explains covering the pandemic accurately amid rapidly evolving headlines.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

1 Touko 202037min

Special Report | Markets in Turmoil: Healthcare & Reopening

Special Report | Markets in Turmoil: Healthcare & Reopening

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

1 Touko 202044min

Elon Musk off Script; Jobless Claims with U.S. Labor Secretary; Former White House Insider Steve Bannon

Elon Musk off Script; Jobless Claims with U.S. Labor Secretary; Former White House Insider Steve Bannon

Tesla CEO Elon Musk’s expletive-laced rant and subsequent tweet about American shelter-in-place orders has Wall Street and Main Street abuzz. The rolling total of Americans who’ve filed for unemployment in the last six weeks has topped 30 million; U.S. Labor Secretary Eugene Scalia assures Americans that there’s reason to hold on to optimism. Plus, former White House insider Steve Bannon takes on China and warns that the Chinese Communist Party will have to answer to citizens around the world who wonder about its role in the pandemic’s spread.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Huhti 202028min

Special Report | Markets in Turmoil: Gilead Latest

Special Report | Markets in Turmoil: Gilead Latest

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Huhti 202044min

Chasing Wellness: Gilead’s Remdesivir & Tools for Healthy Isolation

Chasing Wellness: Gilead’s Remdesivir & Tools for Healthy Isolation

A new study from the NIAID revealed that at least 50% of Covid-19 patients treated with a 5-day dosage of Gilead’s Remdesivir reported improved symptoms and were discharged from the hospital within two weeks. Former FDA Commissioner Dr. Scott Gottlieb describes the treatment as “part of a better toolbox” for fighting the coronavirus, but “not a home run.” Plus, Mindy Grossman, CEO of WW International, (formerly known as Weight Watchers) discusses keeping her business and our bodies well during quarantine.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

29 Huhti 202026min

Special Report | Markets in Turmoil: Reopening Malls

Special Report | Markets in Turmoil: Reopening Malls

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

29 Huhti 202045min

Treasury Secretary Steven Mnuchin & Brown University President Christina Paxton

Treasury Secretary Steven Mnuchin & Brown University President Christina Paxton

The Paycheck Protection Program resumed this week with a fresh infusion of $310 billion for America’s small businesses. Treasury Secretary Steven Mnuchin addresses flaws in the relief package, including why stimulus intended for small businesses inadvertently helped big players, like the LA Lakers and Shake Shack. Secretary Mnuchin, a member of the White House Coronavirus Task Force, shares how how government relief will review large loans before granting forgiveness, and explains why this crisis is different from the problems in 2008. Plus, Brown University President Christina Paxton shares what it will take to reopen campus, from widespread testing to student body privacy concessions.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

28 Huhti 202024min

Special Report | Markets in Turmoil: Expanding Testing

Special Report | Markets in Turmoil: Expanding Testing

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

28 Huhti 202045min

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