Paul Tudor Jones Can’t Think of Worse Time for Stocks or Bonds 5/03/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 May 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Legendary investor Paul Tudor Jones, CIO at Tudor Investments, discusses the Robin Hood Foundation’s annual benefit to fight poverty in New York City, markets, the Federal Reserve and more. Jones says he “can’t think of a worse environment than where we are right now for financial assets.” Employees at an Amazon warehouse on Staten Island overwhelmingly rejected a unionization effort, a significant victory for the e-retailer a month after a nearby fulfillment center became the first in the country to vote to join a union. A leaked draft of a Supreme Court opinion that would overturn a half-century of abortion rights triggered shock waves in Washington. Plus, Campari sales jumped in the first three months of the year -- as Joe Kernen dreams of an Aperol spritz in the sun. In this episode: Paul Tudor Jones, @ptj_official Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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, today on Squawk Pod.
0:08.0	Paul Tudor Jones says he can't think of a worse time for investors.
0:13.0	What would you be telling Jay Powell right now?
0:15.0	Oh, I'd be safe, look for another job.
0:17.6	The hedge fund manager who predicted the 1987 stock market crash.
0:21.6	He weighs in as the Federal Reserve begins its May meeting.
0:24.5	You can't think of a worse macro environment than where we are right now for
0:29.9	financial assets even with this tightening in financial conditions, the Fed still probably
0:35.2	has to raise rates to get inflation under control.
0:39.4	Plus BP and energy politics, an unprecedented leak from the Supreme Court,
0:44.0	and the Amazon Labor Union may not be a done deal.
0:46.0	This is a big important time for the labor movement
0:48.0	and they're going to do this,
0:50.0	whether it be store by store with Starbucks
0:52.0	or whether it be warehouse by warehouse with Amazon.
0:54.3	And cheers.
0:56.3	Joe, you got some good news.
0:58.9	I like this news.
1:00.2	We still do that.
1:01.0	One of the last holdovers of fun on the show.
1:03.4	It's Tuesday May 3rd 2022 Squackpot begins right now.
	...

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