Squawk Pod: Paul Tudor Jones: “We are going to be broke” - 10/22/24 | Audio Only

Billionaire and legendary investor Paul Tudor Jones is raising alarms about the U.S. government’s fiscal deficit and the increased spending proposed by both presidential candidates. In an extended interview, he warns that more spending could trigger a sell-off in the bond market. In managing his portfolio, Paul Tudor Jones is betting on commodities and the Nasdaq–but not on fixed income. Plus, Federal Reserve presidents Neel Kashkari and Mary Daly are speaking out on monetary policy, Nike renews its contract with the NBA and WNBA, and TGI Friday’s is filing for bankruptcy.

In this episode:
Paul Tudor Jones, @ptj_official
Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Cameron Costa, @CameronCostaNY

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[kevintorgrimson]

If you want to skip all the meaningless banter Paul Tudor Jones is at 10:50

[selma]

Always the best guest! Wish he were on more frequently and wish he offered advice to joe blow retiree!

[Nik-ikmv]

Dumb comment that US leads in technology. Well US does lead if "tech" just means IT/software. But technology is broader than just IT/digital sector. We don't lead in telecommunication technology or 5G. We don't lead in electronics. We don't lead in displays. We don't lead in semiconductor manufacturing. We don't lead in solar panels. We don't lead in wind turbines. We don't lead in battery technology. We don't lead in any clean energy technology. We don't lead in automotive technology. We don't lead in drones. We don't lead in chemicals. We don't lead in advanced machinery. We are slipping away in aero part of aerospace as Boeing awaits bankruptcy. We don't lead in robotics. We don't lead in advanced shipbuilding. We don't lead in nuclear technology. But too many here in US conflate "tech", which here means IT and software, with broader advanced technology industries. All gains are in "Mag 7" or IT/software in S&P 500. We lost leadership in all other advanced technological sectors. That's why every other stock loses or at best is neutral. Still, this "tech" leadership delusion.

[TigiCochereau]

Thank you Jesus for the gift of life and Blessings upon me and my family. $72, 000 weekly profit Our lord Jesus have lifted up my Life!!! All thanks to Mrs Kathy Lien

[simrans]

Printer as usual :-). Nothing new. Nothing stops the road to fiscal dominance…

[paulnyagini]

Shorting the bonds means the interest will be going up. But with the kind of deficit levels if it goes up it means the dept is going to compund fast.
The fed doesn't care about the us public dept what it cares about is the value of the dollar.
What paul Tudor Is not aware of if the bond market crushed then it means that they would be a hyper inflation in the economy of US.
To simplify the new market crush will be on the upside and not the downside.
Meaning no body will be saved if you hold cash, bonds or stock you will still lose money (value) .

[thomaswilson]

🤫 maybe no one will notice, 🤭 that's why they've gotten along with malfeasance misappropriation of funds and gross incompetence for so long, don't you think 🤷🏻‍♀️