Delivering Alpha: Carson Block & Activist Short-Selling 9/28/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 28 September 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Kernen and Becky Quick are on site at CNBC’s 2022 Delivering Alpha Investors Summit, where they interview Muddy Waters CIO Carson Block about his firm’s short-selling thesis, his mission to call out fraudulent businesses, and the difference between “fake” and “real” ESG companies. CNBC’s Jim Cramer and David Faber join to discuss the Fed’s fight against inflation, and global threats to the markets–including Russia’s offensive in Ukraine and the Bank of England’s big bond buy. Plus, protests, internet blackouts, and violence rock Iran as citizens challenge the country’s morality police. Senior Fellow at the Carnegie Endowment for International Peace Middle East Program Karim Sadjadpour discusses internet access and Elon Musk’s Starlink activation in Iran amid the unrest. In this episode: Karim Sadjadpour, @ksadjadpour Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Jim Cramer, @jimcramer David Faber, @davidfaber Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in-person show music please.
0:03.0	Hi, I'm C.N.C. producer Cameron Costa.
0:07.0	Today on Squack-Pod, we're on the ground at a real live in-person conference.
0:14.8	We're in a new venue.
0:16.0	CNVC's Delivering Alpha Investors Summit
0:19.0	where we hear from the famed activist shortseller,
0:22.0	Muddy Waters founder Carson Block.
0:24.7	A lot of our work has been in the green tech space or really these fake ESG companies
0:30.6	because there's so much money that has been thrown at trying to save the world
0:35.2	through public companies. And what's happening in Iran, violence, internet
0:40.8	blackouts, and why Elon Musk's Starlink is getting involved.
0:45.3	Karim Saja poor from the Carnegie Endowment for International Peace.
0:49.4	Whether you're Elon Musk or you know you're someone sitting watching these protests it's it's pretty
0:56.2	clear who are the good guys and who are the bad guys in this context.
0:59.8	Those conversations plus the Bank of England is buying bonds to calm market chaos.
1:06.3	And here at home, our Central Bank is in its own battle against inflation.
1:10.6	Special appearances from CNVC's David Faber and Jim Kramer.
1:15.0	We're back to 2008 rates, but I remember seeing you in the cafeteria
1:19.0	concerning about whether the satellite dish would take you whether our checks would cash.
1:24.3	We're not in that perspective.
1:26.6	It's Wednesday, September 28, 2022,
1:29.7	and Squawk Pod delivering Alpha begins right now.
	...

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