Bridgewater Founder Ray Dalio: Davos Day 2 5/24/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 May 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Description: At the World Economic Forum in Switzerland, Ray Dalio, founder and Co-CIO of the world’s largest hedge fund Bridgewater Associates, addresses rising recession concerns, market volatility, cryptocurrency’s value, and finding assets that deliver real return. Plus, Snap issued a profit warning to investors, sending the stock down well over 30% and dragging other tech names down with it. In this episode: Ray Dalio, @RayDalio Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi there, I'm CNVC producer Cameron Costa.
0:07.0	Today on Squack-Pod, we are still at the World Economic Forum in Davos, Switzerland.
0:13.0	Today's big interview on the Swiss Hillside takes on recession worries with billionaire
0:18.3	investor, Bridgewater founder Ray Dahlio.
0:21.8	The Federal Reserve is going to sell, individuals are selling, foreigners are selling,
0:26.2	and the U.S. government is selling because it has to fund its deficit, that it produces
0:30.5	a squeeze because so much money was put out at such cheap rates.
0:34.8	Making sense of market downturns with the legendary hedge funder and revisiting his years long
0:40.8	favorite refrain. Cash is trash. Of course cash is still trash. Equities are trashier. The
0:47.0	question is what's going to get you a real return, right? That huge interview plus snap is snapped here at home on Wall Street how one
0:56.5	social media platform is pushing the entire NASDAQ composite lower.
1:01.1	I happen to think it's actually more of a larger macroeconomic story.
1:05.0	That's the case, then the stocks are reacting appropriately.
1:08.0	It's Tuesday, May 24, 2022, and Squawkpad begins right now.
1:14.0	Stand Becky by in three, two, one, feel great.
1:18.4	Good morning everybody.
1:19.4	Welcome to Squawk Box here on CMBC.
1:21.4	We're live from the NASDAQ market site in Times Square. I'm Becky Quick along box here on cn't b cn b c i'm b e cork along with jocernan
1:25.6	and ros sorkin is reporting live from the world economic forum in davos
1:29.6	switzerland and obviously a lot having and happening in davos this morning too good to see you this
1:34.2	morning good to see you and I hate to say it but the mood here the weather has gotten
	...

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