Ray Dalio: Believing the Fed, the Brink of War, & Cash! No Longer Trash 2/2/23

Squawk Pod

CNBC

News, Business News, Investing, Business

4.2 • 543 Ratings

🗓️ 2 February 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Federal Reserve has raised interest rates 25 basis points in its eighth hike since March 2022. Bridgewater founder and billionaire hedge funder Ray Dalio digests the Fed decision, the relative attractiveness of cash, bonds, and equities, and the value–real and perceived–of crypto. In an extended interview exclusive to CNBC, Dalio warns that we could be at the brink of an economic war with China. Plus, Julia Boorstin reports on Meta’s mega fourth quarter results, including what’s in store for the platform and U.S. scrutiny on TikTok. In this episode: Ray Dalio, @RayDalio Julia Boorstin, @JBoorstin Melissa Lee, @MelissaLeeCNBC Mike Santoli @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod and I'm CNVC producer Cameron Costa.
0:08.0	On today's episode, The Fed raises rates for the eighth time in the last year.
0:14.7	Jay Powell says he isn't done, but the markets might be.
0:18.4	The market's saying to Jay Powell, I'm not listening to you.
0:21.5	La la la la la la.
0:23.7	But billionaire hedge fund manager Ray Dahlio
0:26.3	says he believes Powell, and he's changing his mind
0:30.2	about one of his most famous calls, Cash no longer trash.
0:34.6	Now Cash is relatively attractive.
0:37.7	So it's attractive in relation of bonds.
0:39.8	It's actually attractive and relational with socks.
0:42.1	In an extended exclusive interview Dahlio is reading the economic signals and warning
0:47.7	investors of what's to come with China.
0:50.8	We are right at the brink that you could have an economic war with a form of sanctions that would be if it
0:57.1	happened really shocking to the economy, world economy, much worse than the Russian war. Those big conversations, plus Meta delivered mega-financial results this quarter,
1:08.0	and even further gains could be ahead if one key competitor feels the squeeze.
1:13.4	CNBCA's Julia Borston.
1:15.4	It's far more likely that you see Tik-Toc being forced to shift its assets over to U.S.
1:19.8	ownership or even to have the Chinese parent company divest those U.S. assets.
1:24.0	It's Thursday, February 2nd, 2023, and Squawkpad begins right now.
1:30.0	First up today a federal reserve rate hike again. So as economists expected the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.