Drahi Buying Sotheby’s, Fed Decision Preview, Hong Kong’s Tycoons Step Up, Satellites Expose Illegal Gold Mines
Devon Pendleton Bloomberg News Wealth Reporter, and Katya Kazakina, Bloomberg News Art Reporter, discuss telecom titan Patrick Drahi buying Sotheby’s for $2.7 billion, taking it private after more than three decades as a public company, and placing the world’s two leading auction houses under the control of French billionaires. Matt Lloyd, Chief Investment Strategist at AAM, Advisors Asset Management, previews the upcoming Federal Reserve rate decision and how important tone will be from Chairman Jay Powell. Andy Browne, Bloomberg New Economy Editorial Director, explains the role Hong Kong’s business leaders played in the suspension of China’s proposed extradition law. Bloomberg Businessweek Editor Joel Weber and Businessweek Freelance Reporter Tim McDonnell talk about satellite-imaging software that is being used to identify unlicensed mining sites. And we Drive to the Close with Paul Christopher, Head of Global Market Strategy at Wells Fargo Investment Institute. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan