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(1857)

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to 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.

25 Juni 202044min

Big Tech & Small Business: Sen. Mark Warner & Operation Hope’s John Bryant

Big Tech & Small Business: Sen. Mark Warner & Operation Hope’s John Bryant

Washington is turning up the heat on Silicon Valley. After a whirlwind month of flagged tweets and suggested rollbacks of Section 230, Sen. Mark Warner (D-VA) discusses his hopes for new tech legislation and the risks of the revisions already proposed. As states reopen, entrepreneurs, particularly Black small business owners, are faced with a steep road to recovery. Operation Hope Founder, Chairman, and CEO John Hope Bryant explains what’s needed to support Black business amid a health and social crisis. Plus, fireworks, fireworks everywhere. And not an end in sight. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

24 Juni 202025min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to 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.

24 Juni 202045min

Apple’s Unveilings; Trade Deal Doubts; Faux Meat Foods

Apple’s Unveilings; Trade Deal Doubts; Faux Meat Foods

At Apple’s first virtual Developers Conference, CEO Tim Cook revealed new software, new features, and a new plan for hardware. Apple’s filling user needs everywhere from sleep cycle to car engine. Are trade negotiations with China “over,” or “intact”? China Beige Book International’s Leland Miller discusses the U.S.-China trade relationship and the comments from President Trump’s top trade advisor that spooked the markets. Plus, Starbucks is grilling up some fake meat for customers. American stores are striking up a new partnership with Impossible Foods.And, Docusign is making big moves as a stay-at-home stock. Dan Springer, the company’s CEO, says the 130% increase in the digital signatory app’s share price is proof that some coronavirus pandemic trends will be here to stay. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Juni 202025min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to 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.

23 Juni 202044min

White House NEC Director Larry Kudlow; Dr. Scott Gottlieb

White House NEC Director Larry Kudlow; Dr. Scott Gottlieb

New York City kicks off Phase Two of its reopening as states across the country experience upticks in coronavirus cases. Former FDA Commissioner Dr. Scott Gottlieb discusses the likelihood of a resurgence, and encourages the U.S. to consider following the British “Recovery” approach to moving past the Covid-19 pandemic. White House National Economic Council Director Larry Kudlow does not expect a second wave of the virus, and considers the steps taken in the U.S. to manage the spread. He, President Trump, and Vice President Pence are not intending to shut down the national economy, despite hot spots across the country. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

22 Juni 202033min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to 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.

20 Juni 202041min

Juneteenth Episode: People are hungry for change

Juneteenth Episode: People are hungry for change

Today we observe Juneteenth, the day commemorating when enslaved African Americans in the South learned of their freedom in 1865. Lisa Lewin, Co-Founder & Managing Partner of Ethical Ventures, reminds executives that they can and should take action to address inequality. She shares action steps and details of her Business Racial Equity Pledge. 99 years ago this June, a successful pillar of early Black entrepreneurship was burned to the ground in Tulsa, Oklahoma in one of the worst acts of racial violence in American history. Local business owners Venita Cooper, Glory Wells, and Ricco Wright discuss the resilience of Black Wall Street and share a hopeful future. Melissa Bradley, founder of business accelerator 1863 Ventures, co-founder of Ureeka, and former Presidential Appointee under two administrations, discusses the role investors play in closing opportunity gaps for Black businesses. Plus, an exclusive interview with BLCK VC’s Frederik Groce about Black representation in venture capital. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

19 Juni 202037min

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