Paul Tudor Jones: “We Are Going To Be Broke” 10/22/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 October 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire and legendary investor Paul Tudor Jones is raising alarms about the U.S. government’s fiscal deficit and the increased spending proposed by both presidential candidates. In an extended interview, he warns that more spending could trigger a sell-off in the bond market. In managing his portfolio, Paul Tudor Jones is betting on commodities and the Nasdaq–but not on fixed income. Plus, Federal Reserve presidents Neel Kashkari and Mary Daly are speaking out on monetary policy, Nike renews its contract with the NBA and WNBA, and TGI Friday’s is filing for bankruptcy. Paul Tudor Jones 13:06 In this episode: Paul Tudor Jones, @ptj_official Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squack Pod from CNBC and I'm producer Cameron Costa.
0:09.0	On today's episode, Paul Tudor Jones, the legendary investor on the market reckoning he sees coming after the
0:17.9	2024 election.
0:19.8	I am clearly not going to own any fixed income and I'm going to be short the back end of fixed
0:27.3	income because it's just completely the wrong price.
0:30.9	So if not fixed income, what is he doing with his 19.5 billion dollar portfolio?
0:37.0	You repositioned as if from President Trump wins.
0:41.0	Yes.
0:42.0	I have moved in that direction.
0:44.3	Paul Tudor Jones on the big debt dilemma for whoever is our next president.
0:50.3	Between Trump and Harris, you've probably got the two people least suited for the job that's ahead of him.
0:57.0	An extended conversation with some unexpected highlights.
1:02.0	You son of a bitch.
1:04.0	I thought you were my friend.
1:06.0	Like lessons from the world of professional wrestling?
1:10.0	We're in an economic K-fab right now.
1:12.0	And it's not just the United States, We're in the in the UK and France, Greece, Italy, Japan.
1:20.0	Plus the rest of today's business headlines like a win for Nike and a loss for TGI Fridays.
1:28.0	It's Tuesday, October 22nd and Squawk Pod begins right now.
1:33.0	Stand Becky by in three, two, one, queue please.
1:38.0	Good morning everybody and welcome to Squawk Box right here on CMBC.
	...

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