Paul Tudor Jones: “Crypto is clearly winning”

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 20 October 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Novavax are down sharply after Politico reported the company is having problems manufacturing its highly anticipated Covid-19 vaccine. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses Covid therapeutics, vaccines, and the U.S. production and manufacturing system. Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, shares his inflation trades and portfolio breakdown. The legendary hedge fund manager also explains which assets investors should stay away from as the Federal Reserve slowly reacts to rising prices. New York City has announced an expansion of its Covid vaccine mandate to all public employees, removing the option to test out. Plus, Facebook may soon be rebranded with a new name. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Paul Tudor Jones, @ptj_official Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod. I'm C NBC producer Katie Kramer on this special edition of our
0:09.1	podcast. Investing legend Paul Tudor Jones, he is legendary, ringing an alarm on Wall Street.
0:16.0	It's pretty clear to me that inflation is not transitory.
0:19.0	It's here to stay.
0:20.0	And it's probably the single biggest threat to certainly financial markets
0:25.6	and again probably I think to society just in general and he has big goals
0:30.6	beyond his own portfolio. Do you know, since COVID, the top 10% have accrued 17.5 trillion, trillion dollars of wealth.
0:42.0	And the bottom 50%, the needles barely move.
0:44.6	The long fight against COVID, vaccines, and the growing hope of treatments.
0:49.6	Former FDA head Scott Gottlieb.
0:51.5	We could have been saving more lives if we had more available supply of these drugs.
0:55.5	And what's in a name?
0:57.0	That which we call Facebook may soon be rebranded.
0:59.9	I have an idea.
1:00.9	Let's change our name to Aisbook Fay. They'll never guess.
1:04.7	It's Wednesday, October 2021.
1:08.3	Squawk Pod begins right now.
1:10.7	Stand back you by in three, two, one, cure-free.
1:15.4	Good morning everybody.
1:16.4	Welcome to Squack box here on C.M.C.
1:18.4	I'm Becky Quick, along with Andrew Ross Storkin.
	...

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