David Tepper’s Market Take 12/22/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 December 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ukrainian President Volodymyr Zelenskyy addressed a joint session of Congress in his first trip abroad since the start of Russia’s war in his country. CNBC’s Kayla Tausche recaps his U.S. visit and his speech to lawmakers, during which he appealed for more military support. FTX founder Sam Bankman-Fried is officially back on American soil preparing for his time in court, and two of his former colleagues have already pleaded guilty to fraud. Appaloosa Management Founder and President David Tepper shares his latest portfolio plays in a rare extended interview. The billionaire hedge funder explains why he’s short on equities, short on bonds, and trusting global central banks to keep to their word on raising rates. In this episode: Kayla Tausche, @kaylatausche MacKenzie Sigalos, @KenzieSigalos Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk 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 Kramer and today on Squack Pod.
0:09.0	Billionaire Hedge Funder David Tepper.
0:11.0	He's very good at figuring out the macro then seeing the bets that he should make along the way as a result.
0:16.0	A rare extended interview with one of Wall Street's most successful managers, where he's putting his money and where he's not.
0:22.0	I would probably say I'm leaning short on the... where he's putting his money and where he's not.
0:22.6	I would probably say I'm leaning short on the equity markets.
0:25.8	Short equities and short bonds.
0:28.3	What Tepper expects from Central Banks?
0:30.8	So I can't like bonds that much, particularly in Europe.
0:35.0	I can't love the two-year here, which is trading in 420.
0:40.4	That big interview plus, the people of the week
0:42.8	Sam Bankman freed back in the US and President Vladimir Zelensky
0:47.0	making a very different kind of appeal to the US Congress.
0:50.4	Ukrainian courage and American resolve must guarantee the future of our common freedom.
0:57.0	It's Thursday 1222-22, Squawk Pod begins right now.
1:03.0	Stand Becky by in three, two, one, queue please.
1:08.0	Good morning everybody.
1:10.0	Welcome to Squawk Box here on CNBC.
1:12.0	We're live from the NASDAQ market site in Times Square.
1:14.1	I'm Becky Quick along with Joe Kernan.
1:15.9	Andrew is off this week and we've been watching what's been having...
	...

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