Investor John Paulson & A 200% Tariff Threat 09/24/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 September 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Former President Trump threatened a 200% tariff on John Deere on Monday if the company offshores production to Mexico. John Paulson, billionaire investor and adviser to Trump’s presidential campaign, defends the tariff plan, arguing it would create an “American manufacturing powerhouse.” Paulson also responds to concerns about Donald Trump’s character and offers his market outlook, should the former President win a second term. Plus, China will cut the amount of cash banks need to have on hand by 50 basis points, Boeing gives its “best and final offer” to workers on strike, and Meta’s AI chatbot might have a familiar voice. John Paulson - 15:44 In this episode: John Paulson, @JpaulsonCEO Becky Quick, @BeckyQuick 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 Kramer.
0:07.0	Today, on Squack Pond.
0:09.0	A rare interview with billionaire investor John Paulson.
0:12.8	He's a key surrogate and fundraiser for Donald Trump's campaign.
0:16.2	The former president has threatened a 200% tariff on John Deere
0:20.4	of the company offshore's,
0:21.6	but Paulson says Trump's tariffs are good strategy.
0:25.2	What Trump wants to do is create an American manufacturing powerhouse and using tariffs as a way
0:32.0	to level the playing field.
0:34.0	How he sees the two candidates for president measure up.
0:37.0	One's more risky than the other. Do you not see it that way?
0:40.0	Absolutely not. You know, I'll go back to to repeating we've had four years under Trump. It was a very low risk environment
0:46.2	And Paulson responds to concerns about the former president's character. I would disagree on how other people view him. I think he'd be a great
0:54.4	president and he'd be a great president for all Americans. That lively
0:59.1	conversation and all the rest of today's news that got us squawking.
1:02.8	It's Tuesday, September 24th, Squawk Pod begins right now.
1:08.0	Stand Becky by in three, two, one, queue please.
1:12.0	Good morning everybody and welcome. Two, one. One. Kuele please.
1:13.0	Good morning everybody and welcome to Squackbox right here on C.
1:17.0	We're live from the NASDAQ market site in Times Square.
1:20.0	I'm Becky Quake along with Joe Kernan and Andrew Ross
	...

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