SQUAWK BOX, TUESDAY 22ND JUNE, 2021

U.S. equities surge back into the green following last week’s post-Fed sell-off, with the Dow posting its best day since March. However, Fed Chair Jerome Powell warns of a continued threat to the economy from the pandemic but says price pressures remain transitory. In France, media giant Vivendi comes under activist investor scrutiny as it attempts to spin off its Universal Music arm. We speak to LVMH CFO Jean-Jacques Guiony who says the luxury brand is finally overcoming the stuttering restart of global tourism, just as the iconic Parisian department store La Samaritaine reopens to much fanfare after a 16-year closure.