Paul Tudor Jones: “Fed could declare victory over inflation now” 5/15/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 15 May 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tudor Investment founder and founder of the Robin Hood Foundation Paul Tudor Jones shares his perspective on the economy and the Fed’s rate hiking strategy to tame inflation. Plus, Vice Media has filed for bankruptcy, Fanatics makes a big leap into sports betting, Twitter employees are a-twitter about their new CEO, and the debt ceiling negotiations are getting down to the wire. In this episode: Paul Tudor Jones, @ptj_official Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music, please.
0:02.6	Hi, I'm C. NBC producer Katie Kramer.
0:07.0	Today, on Squawk Pod.
0:09.0	Paul Tudor Jones, the billionaire hedge fund manager and Robin Hood philanthropist,
0:14.4	diagnosing the impact of rising interest rates.
0:17.4	You got to think of interest rates a bit like chemo, chemotherapy, chemo is poison.
0:22.4	And the queasiness of the debt ceiling dance.
0:25.2	I think you'll have some kind of indigestion along the way.
0:29.5	And merger Monday in sports betting, a brew-haha brewing at Twitter over its new CEO and Vice a
0:35.7	digital upstart once worth billions files for bankruptcy.
0:39.8	Remember when Vice was the future?
0:41.4	What bus feed? That was the fundamental problem.
0:43.8	Getting these kind of crazy valuations,
0:46.0	raising a Norse non money, and then trying to spend it like a drunken sailor.
0:50.2	Plus in DC, the debt ceiling clock is ticking 17 days till default.
0:55.4	I think he can become the Joe Biden of old, the negotiator.
0:58.8	He doesn't have to give much.
1:00.6	It's Monday, May 15th, 2023, Squack Pond begins right now.
1:06.0	Stand Becky by in three, two, one, Q, please.
1:11.0	Good morning everybody.
1:12.0	Welcome to Squackbox here on
1:13.2	see and b c. We are live from the NASDAQ market site in
	...

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