SOTS 2nd Hour: Bill Ackman LIVE, Another Semis Surge, & Today's Earnings To Watch 4/29/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 29 April 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

This hour: A slew of earnings moves, Kevin Warsh gets confirmed as Fed Chair, and no SCOTUS decision just yet for Fed Governor Lisa Cook... Carl Quintanilla, Sara Eisen, and David Faber broke down the latest stock swings - spanning Starbucks, Visa, NXP Semi, Seagate, Lululemon, and a whole lot more - with Evercore's Julia Emanuel and even got a read from the C-suite from one of them: Lemonade CEO Daniel Schreiber, fresh off results hitting those shares. Elsewhere this hour: a deep-dive you don't want to miss with market veteran Bill Ackman... as he raises funds in a combined IPO of his new fund and his management firm. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning. Welcome to Spock on the Street. I'm Sarah Eisen with Pearl
0:09.3	Continia and David Faber. We are live, as always, from post nine of the New York Stock Exchange.
0:13.4	Coming up in just a moment, Pershing Square's Bill Ackman joins us as he brings his hedge fund
0:18.1	and a new closed and fund public today here at the NYSE.
0:22.0	Plus, it's another Supreme Court opinion day.
0:24.1	We're awaiting potential decision on President Trump's authority to fire Fed Governor Lisa Cook.
0:29.1	We'll bring you those headlines as soon as we get them, if we get them.
0:31.6	And then the Senate Banking Committee is expected to vote this hour on the nomination of Kevin Warsh to become the next Fed chair on the same day
0:39.1	as what's expected to be Jay Powell's final meeting in the role. We'll get the latest for you
0:43.0	from Washington. But let's get to the big event here at the NYSE today. Bill Ackman's Pershing Square
0:48.1	debuting this morning in a combined IPO for both its new closed and fund and the investment management firm.
0:54.9	Joining us now first on CNBC is Pershing Square CEO Bill Akman. Welcome. Good to see you.
0:59.9	Thank you. Congratulations. So why are you doing this now, taking these companies public?
1:05.3	Well, actually, I'm an American investor, run an American company, and I invest in American companies.
1:12.9	But we don't have a way for U.S. investors to invest with us.
1:16.4	We didn't until today.
1:18.7	And by bringing Pershingy Square USA public, we create a way for anyone.
1:24.4	We can buy one share to invest with our firm.
1:27.0	And it's sort of the democratization of capitalism, something I feel very good about. You know, hedge funds are sort of known for managing money for rich people. And now we have the opportunity for someone with $50 can be a long-term shareholder. I mean, that was a big deal for you, getting retail investors involved in this. You did a YouTube presentation. You did,
1:44.3	I think, a podcast with Vlad Tenev, of Robin Hood and got some allotment there. Why retail
1:50.2	investors? And what's your sense of what demand is going to be like there? Well, this is a very
1:54.5	unusual, while we basically, we took the body of a closed end fund, but we looked nothing like
	...

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