SQUAWK BOX, MONDAY 28TH JUNE, 2021

Marine Le Pen’s Rassemblement National party fails to win in French regional elections but President Macron’s La Republique En Marche party also struggles to gain a single council. In the UK, Sajid Javid replaces disgraced former Health Secretary Matt Hancock and pledges to end all Covid restrictions across the country as a priority. In autos news, Tesla recalls almost 300k vehicles in China due to an online safety issue affecting acceleration. The S&P 500 enjoys its best week in months hitting a new record high. This, as the U.S. Commerce Department’s inflation indicator surges at its fastest rate since the early 1990s.