Boris Johnson Resigns; Luxury Art Market Soars 7/7/22
Squawk Pod7 Jul 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.

Episoder(1860)

Delta & Disney World: Traveler Safety on Planes & in Parks

Delta & Disney World: Traveler Safety on Planes & in Parks

Delta CEO Ed Bastian discusses his airline’s financials after a difficult quarter for the industry. He expects Delta’s journey to pandemic recovery to be choppy and years long, but in the meantime, passengers can expect mandatory masks and empty middle seats. Disney World in Florida has reopened, and Disneyland in Hong Kong has reclosed as coronavirus cases rise in both areas. New York Times reporter Brooks Barnes traveled to Disney World in Florida for the park’s reopening, and he’s impressed with the protocols in place. Plus, Tesla’s share price is soaring, but clickbait headlines about the stock could be misleading.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

14 Jul 202032min

Reopening Schools; Weighing More Stimulus

Reopening Schools; Weighing More Stimulus

Dr. Scott Gottlieb, former FDA Commissioner, discusses the health risks and the political factors involved in reopening schools come September. Former White House Chief of Staff and previously the Director of the Office of Management and Budget Mick Mulvaney considers the steps every state needs to take to help businesses and the national economy back to their feet. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

13 Jul 202030min

Chicago Mayor; Business from Barbados; Procter & Gamble: “Let’s #TalkAboutBias”

Chicago Mayor; Business from Barbados; Procter & Gamble: “Let’s #TalkAboutBias”

Procter & Gamble is using its position as one of the world’s largest advertisers to combat racism with powerful ad campaigns. P&G Chief Communications Officer Damon Jones says two videos released this week, “The Choice” and “Let’s #TalkAboutBias,” are part of the CPG giant’s long-standing strategy to encourage activism and dismantle inequality. Chicago Mayor Lori Lightfoot discusses her plans for reopening her city and maintaining safety for its residents. Plus, Barbados may be open for (remote) business. The Caribbean island is considering a year-long Welcome Stamp for remote workers to relocate to its sunny shores.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Jul 202026min

Pete Buttigieg & Joe Biden’s $700B Plan; “How to Build a Life”

Pete Buttigieg & Joe Biden’s $700B Plan; “How to Build a Life”

: Pete Buttigieg, former Mayor of South Bend, Indiana and previously a Democratic Presidential candidate, discusses Joe Biden’s $700 billion “Buy American” campaign. Buttigieg explains why he supports Biden’s plan to maintain U.S. global competitiveness and support economic recovery with tax policies and government investments. Harvard Professor and AEI President Emeritus Arthur Brooks shares his family’s journey building an American life and finding happiness in his “How to Build a Life” series for The Atlantic. He considers the value of college, the definition of entrepreneurship, and the path ahead for the American economy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9 Jul 202030min

Facebook’s Civil Rights Zoom Call; The New College Campus

Facebook’s Civil Rights Zoom Call; The New College Campus

"There are no nuances to white nationalism.” Over 750 companies have agreed to pull or pause their Facebook advertising spending as part of the Stop Hate for Profit campaign. After a virtual meeting about moderating racist content with Mark Zuckerberg, Sheryl Sandberg, and other Facebook executives, the organizers of the boycott expressed deep disappointment. Anti-Defamation League CEO Jonathan Greenblatt, one of the organizers and participants in the civil rights Zoom call, urges Facebook to see and act on the “thick black lines about what’s in bounds and out of bounds” when it comes to upholding civil rights on its platform. Plus, Purdue University President Mitch Daniels lays out his plan for reopening campus and keeping students safe in the fall semester. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Jul 202035min

Government Spending Sprees: Novavax’s Vaccine and U.S. Business Relief

Government Spending Sprees: Novavax’s Vaccine and U.S. Business Relief

Vaccine maker Novavax received $1.6B from the U.S. government for “Operation Warp Speed,” an effort to expedite the race for a coronavirus vaccine. Novavax CEO Stanley Erck maps out his timeline for vaccine distribution. The government has also poured trillions of dollars into the American financial recovery from the Covid-19 pandemic, and Jason Furman, former Chairman of President Obama’s Council of Economic Advisers, says the government is battling two concurrent recessions. He and AEI’s Michael Strain discuss whether more stimulus is still needed to rescue the U.S. economy. Plus, TikTok is dancing its way out of Hong Kong, Palantir is preparing for its IPO, and Patrick Mahomes just closed a $500 million deal. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Jul 202036min

Warren Buffett’s $4 Billion Check; The “Second Wave”; Elon Musk’s (Very) Short Shorts

Warren Buffett’s $4 Billion Check; The “Second Wave”; Elon Musk’s (Very) Short Shorts

Warren Buffett has made Berkshire Hathaway’s first purchase since the pandemic began in a near $10 billion deal to buy Dominion Energy. Becky Quick, who broke the story, explains Buffett’s path to this purchase, and its implications for the future. Former FDA Commissioner Dr. Scott Gottlieb is calling the spikes in Covid-19 cases the “second wave” of the pandemic in the United States. Former Allergan CEO Brent Saunders discusses Regeneron’s phase 3 trials of antibody therapy and America’s path forward. He sees an opportunity to maintain both physical and economic health across the country. Plus, Tesla is now the world’s most valuable car company by market cap, and Elon Musk is mocking the stock’s short sellers with some shorts of his own.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

6 Jul 202031min

Special Report | Markets in Turmoil: Reopening America

Special Report | Markets in Turmoil: Reopening America

Listen to the final episode of CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Jul 202045min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
utbytte
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
pengesnakk
pengepodden-2
okonomiamatorene
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
rss-kantsonen
rss-investering-gjort-enkelt
lydartikler-fra-aftenposten
stockup