Ron Baron's Big Bet on Market Growth 6/23/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 June 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor and Baron Capital CEO, Ron Baron. Baron also discussed what’s happening in the U.S. economy, market outlook, investing in Tesla, and more. 3M has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals.” FTX is seeking to claw back some $700 million from a former aide to Hillary Clinton-turned Hollywood super agent who was allegedly showered with cash by disgraced fallen crypto mogul, Sam Bankman-Fried. Plus, President Biden and First Lady Biden hosted a glamorous State Dinner at the White House with India's Prime Minister Narendra Modi. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squagpot.
0:06.0	I'm CNBC producer Claire Odumodi, today on our podcast.
0:10.0	Billionaire Ron Barron with one very long call.
0:13.4	You can have 35 times your money over the next 50 years.
0:16.4	The Dow Jones, which is now 34,000, will be 900,000.
0:19.8	The legendary investor on his portfolio.
0:22.4	There's opportunities now in companies like Tesla,
0:25.2	opportunities in SpaceX, Twitter, but in smaller companies like Figs,
0:29.2	like Crispy Kreme, they have been ignored with the technology focus of the market and there are opportunities in those companies
0:36.1	And Baron on the CEO he believes in from EVs to cage matches I would never bet against Elon on anything.
0:44.9	Plus 3M settling billions over forever chemicals.
0:48.1	I mean it affects that.
0:49.1	It's not just people that live down a mill, this is anybody drinking water in that area?
0:53.1	The latest in the crypto chaos around Sambank-Freed.
0:56.2	This is what happens when you're trying to claw back money
0:58.1	and trying to get back the money that you think FTX customers lost in the process.
1:03.0	And a glitzy White House dinner packed with CEOs.
1:06.7	What was on the menu, Sima?
1:08.0	Do you know how many courses exactly?
1:10.6	It's Friday 62323.
1:13.0	Squawk Pot begins right now.
	...

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