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Squawk on the Street

CNBC LEADERS: Ken Griffin 9/19/23

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 19 September 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

CNBC's Sara Eisen sits down for an exclusive with Citadel CEO & Founder Ken Griffin for a wide-ranging interview to discuss a variety of important, hard-hitting financial topics including the market & the Fed, whether Griffin will be backing Governor Ron DeSantis as a presidential candidate and his thoughts on the new movie, "Dumb Money," about the meme stock phenomenon.

Transcript

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0:00.0

Citadel CEO and founder Ken Griffin dominates the financial world.

0:05.0

His firm, Citadel's recent $16 billion record profit, a crowning victory, making it the top-earning hedge fund in history.

0:14.0

I'm Sarah Eisen, and I sit down exclusively with Griffin to hear his thoughts on everything from the markets to artificial intelligence

0:21.3

to the future of education.

0:24.5

Inflation probably comes down over the months ahead.

0:27.5

The negative to this story, again, we're seeing higher prices at the gasoline pump.

0:33.2

And unfortunately, gasoline is one of those things that you buy every week for most American families,

0:40.3

AI, is going to have a very uneven impact across the economy.

0:45.3

In certain areas, for example, call centers, generative AI is going to be transformative.

0:51.3

I think a lot of people are wondering if you're still backing Ron DeSantis.

0:54.2

I don't know what happened in the DeSantis administration in Florida.

0:58.0

The future of America is our children.

1:00.7

It's our kids.

1:02.1

And if we can't educate the next generation of American students to be successful, our country's

1:07.4

over.

1:08.4

Either secure the border or make sure that people who come here can support

1:13.5

their families, find entry-level employment, and build careers.

1:18.9

This is CNBC Leaders with Ken Griffin.

1:25.2

It's been a really good year for the market, particularly with the backdrop of higher real

1:31.3

interest rates.

1:32.8

So if you look at both the yield on the 10-year bond and more importantly, the real yield,

1:37.9

for example in the five-year tips bonds, we've seen again an increase in real rates nominal rates, and yet the stock market's been resilient.

...

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