SQUAWK BOX, WEDNESDAY 6TH JULY, 2022

The 2- and 10-year Treasury yields briefly invert for the third time this year sparking fresh recession fears. Concerns of a global economic slowdown prompt crude prices to tumble 10 per cent before recovering. UK Prime Minister Boris Johnson’s government is in turmoil following the resignations of Chancellor of the Exchequer Rishi Sunak and Health Secretary Sajid Javid over continued political scandals. The pound plunges to its lowest level since the start of the Covid pandemic as a result. We are live in Downing Street for the latest. And we are also live in Düsseldorf, Germany, where the government is reportedly set to take on a 25 per cent stake in Uniper – the country’s largest importer of Russian gas – in order to keep the company alive following a sharp decline in supply from Moscow.