Why Bill Ackman Is Endorsing Donald Trump 10/23/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 October 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Pershing Square Capital Management CEO Bill Ackman discusses why, after years as a “centrist,” he is supporting Donald Trump in the 2024 election. Comparing the Harris campaign with Trump's, the hedge funder says a Trump win is “in the best interest of the country.” Ackman also discusses the spread of misinformation online–including in his own posts. Plus, a conversation about treasury yields evolves into a spirited political debate, and billionaire Warren Buffett tells CNBC he will not endorse any political candidates, despite impersonators and misinformation about him on social media. Bill Ackman - 19:17 In this episode: Bill Ackman, @BillAckman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer,
0:07.0	today on a very big, super-sized squawk pod.
0:11.0	An extended interview with Bill Ackman, the vocal hedge
0:15.7	funder weighs in on politics. Always been a centrist but I've supported more
0:20.5	Democrats by far than Republicans.
0:22.5	His bets in business.
0:24.3	We have no bets on the portfolio
0:25.7	on the basis of who's going to be president.
0:27.7	And expectations for foreign policy
0:30.0	in a second Trump administration.
0:32.1	Trump says, look, if you step into Ukraine,
0:34.4	I'm going to bomb Moscow.
0:35.4	Let's assume he would say something.
0:36.8	Putin would take that kind of thing seriously from him.
0:39.1	He wouldn't know whether he was serious or not.
0:41.9	The 2024 presidential election just 13 days away
0:46.2	and emotions are high.
0:48.2	So what are you saying?
0:49.1	If you support Kamala Harris,
0:50.9	you get more grief than if you support Donald Trump.
0:53.6	It's both sides.
	...

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.