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


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jaksot(1842)

Delta Air Lines CEO; Biden’s Donors; Operation Hope CEO

Delta Air Lines CEO; Biden’s Donors; Operation Hope CEO

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14 Helmi 202038min

Massachusetts Suing Juul; Wall Street’s Voters; The Dow’s Next Milestone

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13 Helmi 202028min

Quarantined on a Cruise Ship; New Hampshire Feels the “Bern”

Quarantined on a Cruise Ship; New Hampshire Feels the “Bern”

Over 3,500 passengers and crew are quarantined on a cruise ship off the coast of Japan due to a coronavirus outbreak on board; two of those passengers share details of the vacation they didn’t know they were taking. As the coronavirus concerns mount, the U.S. Senate is holding a roundtable to discuss global pandemics. Dr. Luciana Borio, former Director of Medical and Biodefense Preparedness at the National Security Council, shares her insights on the outbreak before speaking to that panel. New Hampshire is feeling the “Bern” after the state voted in the nation’s first primary of this election cycle, and pollster Frank Luntz says Senator Sanders is one of the “three Bs” who might end up fighting for the soul of the Democratic party. Plus, Theranos’s Elizabeth Holmes is back in the news, and Joe, Becky, and Andrew discuss their Bed Bath & Beyond buys. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

12 Helmi 202029min

Telecom’s Mega-Merger; The Granite State Primary; JetBlue’s President

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A federal judge has officially approved the long-awaited Sprint and T-Mobile merger, sending the stocks up and changing the U.S. telecom landscape. New Hampshire voters are kicking off the nation’s first primary; the state’s Governor Chris Sununu has some bold calls on which candidates will win voters over, and how. JetBlue’s President and COO Joanna Geraghty explains how she’s watching the coronavirus outbreak and the Boeing 737 Max’s return to service. Plus, SoftBank-backed Brandless is shutting down, and Under Armour’s financials were hit by the coronavirus outbreak. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

11 Helmi 202025min

WeWork’s Executive Chairman Marcelo Claure; Parasite’s Big Night

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10 Helmi 202039min

Uber CEO Dara Khosrowshahi & AT&T Chairman & CEO Randall Stephenson

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Andrew Ross Sorkin is in New York talking profitability and plans for a “super app” with Uber’s CEO Dara Khosrowshahi. Becky Quick and Joe Kernen are in California at the AT&T Pebble Beach Pro-Am with AT&T Chairman and CEO Randall Stephenson. They’re talking streaming, trade, and the global economy.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Helmi 202033min

Twitter’s CFO; Mayor Buttigieg’s Tech Support; On the Ground in China

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6 Helmi 202027min

Disney’s Q1; Elon-gated Wealth; Memes from the SOTU

Disney’s Q1; Elon-gated Wealth; Memes from the SOTU

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5 Helmi 202026min

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