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

Avsnitt(1867)

United Airlines CEO; Tesla’s Profits; Investor Chamath Palihapitiya

United Airlines CEO; Tesla’s Profits; Investor Chamath Palihapitiya

Scott Kirby, United Airlines CEO, explains why despite safe and clean air circulation on planes, his industry won’t fully recover until a Covid-19 vaccine is widely available. Tech investor, co-owner ...

23 Juli 202031min

SPAC-Man: Bill Ackman’s Pitching SPACs & Defending Profits

SPAC-Man: Bill Ackman’s Pitching SPACs & Defending Profits

Bill Ackman’s Pershing Square Capital Management sponsored the largest SPAC IPO in history, raising $4B in capital. In an exclusive CNBC interview, the hedge fund billionaire makes his pitch for the i...

22 Juli 202031min

Classrooms & Covid; Musk’s & Bezos’s Billions; Pandemic Pivots

Classrooms & Covid; Musk’s & Bezos’s Billions; Pandemic Pivots

Epidemiologist and Dean of the Harvard T. H. Chan School of Public Health Michelle Williams suggests corporations may be the key to stemming Covid’s spread and ensuring a safe fall semester for studen...

21 Juli 202028min

Mark Cuban’s Tips for TikTok Traders; Dr. Scott Gottlieb on Covid Testing

Mark Cuban’s Tips for TikTok Traders; Dr. Scott Gottlieb on Covid Testing

While Covid-19 cases climb in 40 states, former FDA Commissioner Dr. Scott Gottlieb considers the American infrastructure that led the country to this point, as well as what’s needed to support its ph...

20 Juli 202029min

BlackRock’s Fink: Masks are needed to avoid future economic shutdowns

BlackRock’s Fink: Masks are needed to avoid future economic shutdowns

The U.S. reported another record one-day spike in new Coronavirus cases on Thursday as outbreaks continue to worsen across the country, particularly in Texas, Florida and California. A growing number ...

17 Juli 202033min

Twitter Hacked, Disney Heiress on Higher Taxes; Amazon’s Anniversary

Twitter Hacked, Disney Heiress on Higher Taxes; Amazon’s Anniversary

Hackers gained access to more than a dozen high-profile Twitter accounts yesterday, including those of Jeff Bezos, Bill Gates, Joe Biden, former President Barack Obama, Elon Musk and the corporate acc...

16 Juli 202025min

Moderna’s “Ethical Obligation” for a Vaccine … and Fast

Moderna’s “Ethical Obligation” for a Vaccine … and Fast

Moderna released promising data on its potential coronavirus vaccine trial late Tuesday, saying it generated a “robust” immune response. Moderna’s chief medical officer, Tal Zaks, says the newly relea...

15 Juli 202028min

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, pa...

14 Juli 202032min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-jossan-nina
uppgang-och-fall
avanzapodden
bathina-en-podcast
svd-tech-brief
borsmorgon
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
rss-inga-dumma-fragor-om-pengar
loungepodden
kapitalet-en-podd-om-ekonomi
tabberaset
rss-dagen-med-di
dynastin
lastbilspodden
affarsvarlden
market-makers