Cathie Wood’s Bets: Recession, Deflation, & Tesla 9/27/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 27 September 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ark Invest CEO and Chief Investment Officer Cathie Wood discusses her newest launch: a venture firm for private investments, open to non-accredited investors. As international currencies like the British pound, South Korean won, Japanese yen, and euro all fall weaker against the dollar, Wood shares her firm’s perspective on recession and inflation. A famed tech investor, Wood explains her bullish five-year thesis on Tesla. Plus, mortgage rates keep going up, and three men are answering for a $100 million deli scheme in New Jersey. In this episode: Cathie Wood, @CathieDWood Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Craver, today on Squackpot.
0:08.0	Kathy Wood, the founder of Arc Invest, the favorite ante of Reddit retail traders, the tech investor extraordinary.
0:15.3	We do think, even though we are in a recession, that it won't be as extensive.
0:20.0	It's going to be much more of an inventory recession.
0:23.9	The Fed's headline-making fight against inflation
0:26.7	and how it's hitting your portfolio.
0:28.7	Yes, inflation peaked.
0:30.4	We believe core inflation peaked at 5.3% plus what's next we would not be surprised to see
0:38.1	deflation month to month sequentially for a number of months during the next six months.
0:45.0	That big interview plus mortgage rates climbing and a hoagie hoax.
0:50.0	Hometown Deli rose 939%.
0:53.0	The Pastrami must be amazing.
0:56.0	It's Tuesday, September 27th.
0:58.0	Fat guy in a little cold.
1:01.0	A meme worthy squawk pod begins right now.
1:05.0	Stand under by in three, two, one, Q Andrew.
1:09.0	Good morning.
1:10.0	Welcome to Squawk Box right here on C. An B. Andrew Osork and reporting from Washington, D.C. this morning.
1:14.6	Joe Kernan is live from the NASDAQ market site in Times Square.
1:18.4	Becky's off, so it's just the boys, Joe.
1:21.2	It's just the boys.
	...

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