Paul Tudor Jones: We’re going to kick this bug’s ass
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 26 March 2020
⏱️ 28 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | This is a clock pod. I'm C. NBC producer Katie Kramer on our podcast today, Paul Tudor Jones. |
| 0:07.0 | We've got to be careful not to mythologize this into the pandemic Godzilla because we can beat this thing. We're going to |
| 0:16.2 | squash it and send it back to the oblivion that it crawled out of it. |
| 0:20.1 | The hedge fund Titan and philanthropist was the first money manager to tell |
| 0:23.6 | the NBC that he was concerned about the coronavirus back in January. |
| 0:27.1 | Today how he feels about his future telling abilities. |
| 0:30.1 | What a damn mess. |
| 0:31.3 | Contending with the unprecedented shock of a pandemic to the economy. |
| 0:35.2 | Investors can take heart that we've counteracted this existential shock |
| 0:41.4 | with the greatest fiscal monetary bizuka. It's not even a |
| 0:46.0 | bizuka. It's more like a nuclear bomb. And the rocky road ahead. I'm much more |
| 0:51.0 | nervous about the loss of life that could come with a 15 or 20 |
| 0:55.4 | percent unemployment rate than I am about the loss of life that comes with CD 19. |
| 1:00.3 | It's Thursday, March 26th 2020, Squack Pod begins right after this. |
| 1:10.0 | This is Squackod from CNBC. |
| 1:15.0 | COVID-19 has upended the U.S. economy and our lives. |
| 1:19.0 | Last week, over 3 million Americans filed for unemployment. |
| 1:22.0 | That's the largest number in such a short time. 3 million Americans filed for unemployment. |
| 1:22.8 | That's the largest number in such a short time, |
| 1:25.2 | at least as long as the Labor Department records go back, |
| 1:28.0 | which is to the 1960s. |
| 1:29.5 | This record-shattering number |
... |
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