SQUAWK BOX, MONDAY 4TH JULY, 2022

Amazon founder Jeff Bezos slams U.S. President Joe Biden on inflation, accusing him of a ‘deep misunderstanding’ of economics. Tesla suffers its first quarterly decline in deliveries in two years due to continued Chinese Covid lockdowns. The IEA warns of a ‘red alert’ for a global recession and calls on Saudi Arabia to pump more oil while the Norwegian Oil & Gas Association says that industrial action may cut the country’s output by 13 per cent. Stateside, travellers are braced for 4th of July chaos while in Europe, Ryanair cabin crew in Spain have voted to strike.