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Here is the full transcript of the NBC News interview with Russian President Vladimir Putin, which took place in Moscow on June 11, 2021. VLADIMIR PUTIN: Well, I don't know. VLADIMIR PUTIN: —it conduc— it conducts—KEIR SIMMONS: Russia is—VLADIMIR PUTIN: It conducts exercises in that battlefield. KEIR SIMMONS: I don't— I don't— I don't think I heard you answer the question, the direct question— Mr. President. I don't think that anybody in the Syrian government is interested in stealing some part of this humanitarian assistance.
Persons: Vladimir Putin, Keir Simmons, KEIR SIMMONS, it's, VLADIMIR PUTIN, Biden, autocrats, I'm, What's, , Will, We're, We've, I've, Assad, he's, Let's, — VLADIMIR PUTIN, Trump, they're, One's, — KEIR SIMMONS, Colin Powell, Cybersecurity, Mr, Putin, Presi, Keir, You've, mut, Isn't, administr, Biden —, He'll, Alexei Navalny, Navalny, United States — KEIR SIMMONS, you'll, Alexei Navalny — VLADIMIR PUTIN, Alexei Navalny's, John McCain —, we're, Th, Ann — Anna Anna Politkovskaya, Alexander Litvinenko, Sergei Magnitsky, Boris Nemtsov, Mikhail Lesin —, Lesin, — Biden, Lukashenko, hasn't, — you've, Gorbachev, You’ve, nyah, Russia — Paul Whelan, Trevor Reed, Trevor Reed —, I'd, — shitfaced, It's, Yaroshenko, he'd —, he'd, They're, It's —, Rogozin, Andrea Mitchell —, Boris Yeltsin Organizations: NBC, NBC News, Iran, NATO, U.S, Foreign Ministry, Defense — Ministry, Pentagon, State Department of, , Senate, Treasury Department, Microsoft, America, International League of Sexual, Russian Federation, United, — Hollywood, Washington , D.C, Air Force, Bolivian, European Union, of Islamic Conference, U.S . State Department, Security, Russia, NASA, People's Liberation Army, China Locations: Moscow, American, , Russia, Iran, Tehran, Iraq, Yemen, Israel, Saudi Arabia, Europe, United States, U.S, Washington, Libya, Afghanistan, Syria, Helsinki, Trump, Soviet, Octo, America, Ukraine, USSR, United, — United States, Congress, Hollywood, — U.S, North, Russian, Washington ,, Belarus, Minsk, Bolivia, Vienna, Ukrainian, Donbas, Alaska, NATO, Eastern Europe, Saint Petersburg, China, Xinjiang, Soviet Union, Republic, Crimea, Taiwan, Idlib, Syrian Arab Republic, Turkey
"We don’t care how he comes home, if they want to exchange Trevor for some criminals that you know are low-level criminals or whatever," Trevor's father, Joey, said on NBC's "TODAY" show on Monday. Trevor Reed was diagnosed with Covid-19 last month, and his family is struggling to get updates about his condition. Putin said in an NBC News interview on Friday ahead of the summit with Biden that he's open to a prisoner swap. Asked about the imprisoned men, Putin said Reed was a "troublemaker" and "drunk" who "got himself s**t-faced and started a fight." "Of all the major issues between our countries, this prisoner exchange is probably the easiest," Joey Reed said.
Persons: Trevor Reed, Joe Biden, Vladimir Putin, Trevor, Joey, Paula, interjected, Joey Reed, Paul Whelan, Antony Blinken, Whelan, Reed, Biden, Putin, Paula Reed Organizations: U.S . Marine, NBC, Russian Locations: U.S, Russia
AMC jumps more than 18%, other 'meme stocks' mixed
  + stars: | 2021-06-14 | by ( Reuters Staff | ) + 0.00   time to read: +2 min
Slideshow ( 2 images )AMC’s shares were recently up 18.3% at around $58.50 after edging 3% higher last week. The company said in a filing last week that over 80% of its shares were held by retail investors. GameStop’s shares were recently down more than 3% but are up 1,100% this year, while AMC’s have risen around 2,650%. AMC options volume was brisk, with 630,000 contracts traded by 11:40 a.m. (1540 GMT), Trade Alert data showed. Options that expire on Friday made up nearly 40% of the trading, with call options that make money if AMC shares rise north of $55, $60 and $70 trading in heavy volume.
Persons: GameStop’s, Paul Tudor Jones, , let’s, ” Tudor Jones Organizations: Reuters, AMC Entertainment Holdings, AMC, GameStop, Tudor Investment Corp, CNBC, COVID, Corsair Gaming Locations: U.S
"Look, such decisions in this country are not made by the president," Putin said. Then-Vice President Joe Biden shakes hands with Vladimir Putin in Moscow in March 2011. Asked what he thought of Biden, Putin said he was a professional and suggested that he could work with him. Then President Donald Trump meets with Russian President Vladimir Putin in Helsinki on July 16, 2018. "You are presenting it as dissent and intolerance towards dissent in Russia," Putin said.
Persons: Vladimir Putin, Alexei Navalny, Putin, Putin's, Joe Biden, Navalny, Biden, cybercrime, Donald Trump, Alexei Druzhinin, Kevin Lamarque, Trump, I'm, Mike Pence, Ashli Babbitt, Babbitt, Nancy Pelosi's, Trevor Reed, Paul Whelan, Antony Blinken, Reed, Whelan, , Alexander Lukashenko, Alexander Natruskin, Keir Simmons, Matt Bodner, Tatyana Chistikova, Yuliya Talmazan, Laura Saravia, Corky Siemaszko Organizations: NBC News, Kremlin, NBC Nightly, MSNBC, U.S, Sunday, NBC, ., Washington, Capitol, Trump, Post, Biden's, Capitol Police, Air Force, FBI, Russian, Marines, Russia, International, NATO Locations: MOSCOW, Geneva, Russia, Crimea, Moscow, U.S, Libya, Afghanistan, Syria, Washington, China, Helsinki, Iran, Tehran, Iraq, Michigan, Belarus, Minsk, Ukrainian, Russian, Alaska, London, New York City
Triller owner prepares direct listing amid social media pivot - sources
  + stars: | 2021-06-14 | by ( Echo Wang | ) sentiment -1.00   time to read: +2 min
Unlike with a traditional initial public offering, TrillerNet would not sell any shares in its direct listing, which could come as early as September, the sources said. The company plans to register its direct listing confidentially with the U.S. Securities and Exchange Commission next month, hoping stock market investors will value it at more than $5 billion, according to that source. Launched in 2015, Triller has been diversifying beyond short video apps to live events, mobile gaming and pay-per-view streaming. In a sign it no longer views itself as a direct competitor to TikTok, Triller stopped reporting daily or monthly active users for its short video app. TrillerNet also owns Triller Fight Club, a live-event platform in partnership with rapper Snoop Dogg and operates TrillerTV, a long-form content streaming platform with more than 65 original shows.
Persons: TrillerNet, Triller,’s, Mahi de Silva, Snoop, Paul Kahn Organizations: Reuters, U.S . Securities, Exchange Commission Locations: Ukraine
The New York Police Department has set up a mobile command post and increased patrols in the heart of Midtown Manhattan following a surge in robberies, assaults and shootings along a corridor popular with tourists and office workers. The command post was installed on June 4 at the intersection of Eighth Avenue and West 38th Street near several hotels, stores and offices. The setup includes an NYPD truck and metal barricades that run along the city block to carve out a staging area for police. An additional 24 officers have been dispatched on daily patrols along Eighth Avenue and Ninth Avenue from West 36th Street to West 46th Street to reassure the public and deter crime, according to NYPD Assistant Chief Stephen Hughes. There were about 150 robberies in the Patrol Borough from January through May, triple the number last year.
Persons: Stephen Hughes Organizations: New York Police Department, NYPD, West, Homeless, Police, Penn Station, Port Authority Bus Locations: Midtown Manhattan, West, Patrol Borough, South, Patrol
Financials, energy stocks boost FTSE 100 ahead of reopening decision
  + stars: | 2021-06-14 | by ( Devik Jain | ) sentiment -0.99   time to read: +2 min
(Reuters) - London’s FTSE 100 index climbed on Monday, helped by gains in heavyweight financials and energy stocks, while investors awaited the government’s decision on whether it would delay England’s complete reopening from a third national lockdown. FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File PhotoThe blue-chip index rose 0.4%. The domestically focused mid-cap FTSE 250 index advanced 0.4%. Asian shares also rose as market participants expected the U.S. Federal Reserve to stick to its dovish mantra later this week.
Persons: Suzanne Plunkett, Shell, ” Paul Donovan, Boris Johnson, ” Donovan, SThree Organizations: Reuters, London Stock Exchange, REUTERS, BP, Royal Dutch Shell, U.S . Federal Reserve, UBS Global Wealth Management, Serco, ITV Locations: London, Britain, U.S, British
Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk's views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said on Twitter on Sunday. 1/4 Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. Musk has taken issue with the vast computing power required to process bitcoin transactions and in early June posted messages appearing to lament a breakup with bitcoin.
Persons: Bitcoin, Elon Musk, Tesla, Musk, Simon Peters, Paul Tudor Jones, Dado Ruvic, MicroStrategy, Bobby Ong, Musk's, Magda Wierzycka, bitcoin Organizations: Twitter, eToro, CNBC, Tesla, REUTERS, BTC, Thomson Locations: China
Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others
  + stars: | 2021-06-14 | by ( Paul Vigna | ) sentiment -1.00   time to read: +1 min
Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter. Mr. Musk is widely blamed by investors for starting the digital currency’s most punishing slide of the year after announcing on Twitter that Tesla would stop accepting bitcoin as payment for its electric vehicles. He added fuel to the fire earlier this month, tweeting breakup memes with “#bitcoin” and a broken-heart emoji. Bitcoin has slumped 30% since the original May 12 tweet. Some have touted bitcoin as a store of value, or a more modern version of gold.
Persons: Elon, bitcoin, Musk, Tesla, Bitcoin Organizations: Tesla, ” Software, MicroStrategy Inc, Inc
Fed Officials Could Pencil In Earlier Rate Increase at Meeting
  + stars: | 2021-06-14 | by ( Paul Kiernan | ) sentiment -0.99   time to read: +1 min
WASHINGTON—Federal Reserve officials could signal this week that they anticipate raising interest rates sooner than previously expected following a spate of high inflation readings. In March, the last time they released quarterly economic forecasts, most officials expected to keep the Fed’s benchmark interest rate near zero through 2023 to encourage the economy’s recovery from the pandemic. Officials are set to release updated projections Wednesday after a two-day policy meeting. Fed officials in March saw consumer prices rising 2.4% in the fourth quarter of 2021 from a year earlier. The Labor Department’s consumer-price index jumped 5% in May from a year earlier, following a 4.2% increase in the 12 months through April.
Organizations: Federal, Labor Locations: WASHINGTON
MLB roundup: Jays belt 8 HRs in record-setting rout of Red Sox
  + stars: | 2021-06-14 | by ( ) + 0.00   time to read: +11 min
Jun 13, 2021; Minneapolis, Minnesota, USA; Houston Astros designated hitter Michael Brantley (23) hits a double during the first inning against the Minnesota Twins at Target Field. Carlos Martinez (3-7) suffered the hard-luck loss after allowing just two unearned runs on four hits and one walk in seven innings. Yankees starter Domingo German (4-4) lasted only 4 1/3 innings and allowed 10 hits and seven runs with two strikeouts and one walk. Milwaukee starter Adrian Houser pitched 5 2/3 innings, giving up two runs and seven hits with no walks and two strikeouts. Rangers starter Dane Dunning (2-5) gave up four runs on seven hits over four innings.
Persons: Michael Brantley, Jordan Johnson, Teoscar Hernandez slugged, Robbie Ray, Hernandez, Bo Bichette, Rowdy Tellez, Vladimir Guerrero Jr, Lourdes Gurriel Jr, Marcus Semien, Ryan Weber, Martin Perez, Xander Bogaerts, Bobby Dalbec, Zach Davies, Louis, Davies, Craig Kimbrel, Carlos Martinez, Paul DeJong, Anthony Rizzo, Aaron Nola, Jean Segura, Realmuto, Andrew McCutchen, Odubel Herrera, Domingo, Kyle Tucker, Yordan Alvarez, Chas McCormick, Framber Valdez, Michael Pineda, Nelson Cruz, Ryan Jeffers, Kyle Schwarber, Joe Ross, Schwarber, Ross, Jared Walsh, Patrick Sandoval, Sandoval, Max Stassi, Justin Upton, Jon Duplantier, Eugenio Suarez, Tony Santillan, Lucas Sims, Logan Gilbert, outpitching Shane Bieber, Kyle Seager, Jake Fraley, Fraley, Mitch Haniger, Haniger, Gilbert, Carlos Rodon, Eric Haase's, Rodon, Isaac Paredes, Robbie Grossman, Liam Hendriks, Austin Riley, Riley, Ronald Acuna Jr, Acuna, Randy Arozarena, Josh Fleming, Fernando Tatis Jr, Tommy Pham, Manny Machado, Francisco Lindor, Mason Williams, Jose Peraza, Luis Urias, Daniel Vogelbach, Adrian Houser, Josh Hader, Jacob Stallings, Wil Crowe, Matt Olson, Chris Bassitt, Matt Chapman, Kris Bubic, Walker Buehler, Mookie Betts, Zach McKinstry, Dane Dunning, Dunning, Gavin Lux Organizations: Houston Astros, Minnesota Twins, Target, USA, Blue Jays, Toronto Blue Jays, Boston Red Sox, Cavan Biggio, Sportsnet, Boston, NBC Sports Boston, Red Sox, Cubs, Cardinals, Chicago, National League Central, Phillies, Yankees, Philadelphia, Astros, Houston, Minnesota, Nationals, Giants, Washington, Diamondbacks, Reds, Rockies, Cincinnati, Mariners, Seattle, Cleveland, Sox, Tigers, Detroit, Braves, Marlins, Atlanta, Miami, Orioles, Tampa, Baltimore, Padres, Mets, San, New York, Brewers, Pirates, Milwaukee, Pittsburgh, Athletics, Royals, Oakland, Kansas City, Dodgers, Rangers, Texas, Thomson Locations: Minneapolis , Minnesota, USA, Cavan, Fenway, New York, clobbering Minnesota, Minneapolis, Minnesota, San Francisco, Washington, Los Angeles, Arizona, Phoenix, . Arizona, Colorado, Cincinnati, Baltimore, Tampa Bay, San Diego, New, Pittsburgh
"G7 leaders have utterly failed to face up to the challenges facing the world," said Nick Dearden, director of campaign group Global Justice Now. This summit proves beyond all doubt that the G7 is not fit for purpose," Dearden said. In a note Monday, Paul Donovan, chief economist at UBS Global Wealth Management, referred to the G-7 as a "selfie summit." "The main focus of the G7 meeting (the photo opportunity) seemed to go well. Extinction Rebellion (XR) activists take part in the "Sound The Alarm" march during the G7 summit in Cornwall on June 11, 2021 in St Ives, Cornwall, England.
Persons: Charles Michel, Joe Biden, Yoshihide Suga, Boris Johnson, Mario Draghi, Leon Neal, Nick Dearden, Dearden, Paul Donovan, Donovan, Jeff J Mitchell Organizations: European, Japanese, Italian, Getty, Hong, Sino, U.S, of British Industry, Global, EU, European Commission, European Council, UBS Global Wealth Management, WHO, World Trade Organization Locations: U.S, British, Carbis, Carbis Bay, Cornwall, China, England, Xinjiang, Hong Kong, Canada, France, Germany, Italy, Japan, Australia, India, South Korea, United States, St Ives, South Africa, Switzerland, Norway, Brazil
Even before today’s NATO summit, President Biden settled the most important question: He affirmed America’s commitment to defend the alliance’s 30 members by force. And despite divisions on many other foreign policy issues, his party stands in lock step behind him. After the Soviet Union collapsed in 1991, depriving NATO of its original reason for being, skeptics of the alliance included liberals as much as conservatives. In between voting against the first Iraq war in 1991 and the second after Sept. 11, Mr. Wellstone warned that expanding NATO would jeopardize Europe’s hard-won gains. “There is peace between states in Europe, between nations in Europe, for the first time in centuries,” he said.
Persons: Biden, Donald Trump, Paul Wellstone, Wellstone, , Organizations: NATO, Democratic Senators, Locations: Soviet Union, Russia’s, Minnesota, Europe, Russia, Montenegro, North Macedonia, Eastern Europe, United States
N.Ireland leader stands down, starts countdown for new government
  + stars: | 2021-06-14 | by ( ) sentiment -1.00   time to read: +2 min
Northern Ireland's First Minister Arlene Foster looks on outside the Strand Cinema, as coronavirus disease (COVID-19) restrictions begin to ease in Belfast, Northern Ireland, May 24, 2021. Foster, who took power in 2016, was ousted in April after a majority of DUP lawmakers signed a letter seeking a confidence vote after many blamed her for mishandling Brexit negotiations. Foster resisted compromise on the terms of Britain's exit from the European Union when her party wielded huge power in propping up the government of former British Prime Minister Theresa May. The resulting Northern Ireland Protocol leaves Northern Ireland within the EU's trading sphere, avoiding a hard border on the island of Ireland but infuriating pro-British unionists by undermining the region's place in the United Kingdom. Our Standards: The Thomson Reuters Trust Principles.
Persons: Arlene Foster, Democratic Unionist Party's Arlene Foster, Paul Givan, Sinn Fein, Edwin Poots, Foster, Theresa May, Boris Johnson Organizations: Northern Ireland's, REUTERS, Ireland's, Democratic Unionist, British region's, DUP, First, Irish, BBC Radio Ulster, European Union, British, Northern, Northern Ireland Protocol, Thomson Locations: Belfast , Northern Ireland, Ulster, London, propping, Brussels, Northern Ireland, United Kingdom, Ireland
Clearly still some division beneath the surface within the G-7, economist says
  + stars: | 2021-06-14 | by ( ) sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClearly still some division beneath the surface within the G-7, economist saysPaul Donovan, chief economist at UBS Global Wealth Management, discusses the three-day G-7 summit and what lessons can be learned from the final communique.
Persons: Paul Donovan Organizations: UBS Global Wealth Management
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffWorld stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday's above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Goldman Sachs, John Woolfitt, Treasuries, Akira Takei, Paul Donovan, Brexit, Donovan, Bitcoin Organizations: REUTERS, Staff, U.S . Federal, Atlantic Capital, Asset Management, UBS Global Wealth Management, Markets, Japan's Nikkei, European Central Bank, Elon Musk, Thomson Locations: Frankfurt, Germany, U.S, COVID, China, London, Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
Corporate giant Amazon is taking heat over reports of its WorkingWell initiative, a physical and mental health program intended to improve employee health in the retail giant's fulfilment centres. Also called Mindful Practice Rooms, these kiosks are intended for employees to take breaks from work, experience periods of calm, and access mental health resources. Electricity supplier E.ON created a "Head Shed" to encourage employees to find out more about mental wellbeing, for instance. Even very popular initiatives such as Mental Health First Aid have very little strong evidence of any long-term benefit. Sadly, in the drive for more productivity, the health and wellbeing of employees can be among the first casualties.
Persons: Paul Litchfield, Frederick Herzberg, Amazon's, Stephen Bevan Organizations: Amazon, Twitter, BT, Electricity, E.ON, Mental Health, for Employment Studies, Lancaster Locations: Australia
Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that he's paying close attention to the Federal Reserve's policy meeting this week in light of recent economic data showing higher consumer prices. "If they say, 'we're on path, things are good,' then I would just go all in on the inflation trades. I'd probably buy commodities, buy crypto, buy gold," added Jones, a prominent Wall Street figure who called the stock market crash in 1987. The Fed's two-day policy meeting is scheduled to conclude Wednesday, and Chairman Jerome Powell is set to hold a news conference after the central bank releases its statement at 2 p.m. In October, Jones told CNBC he was bullish on bitcoin and believed the prospect of higher taxes under a Democratic administration could pressure stocks.
Persons: Paul Tudor Jones, Jones, Jerome Powell, Powell Organizations: CNBC, Tudor Investment Corporation, Democratic Locations: bitcoin
Paul Tudor Jones: 'Go all in on inflation trade' if Fed keeps ignoring higher prices
  + stars: | 2021-06-14 | by ( ) sentiment -0.99   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaul Tudor Jones: 'Go all in on inflation trade' if Fed keeps ignoring higher pricesBillionaire hedge fund manager Paul Tudor Jones, a prominent Wall Street figure who called the stock market crash in 1987, told CNBC's "Squawk Box" Monday if the Fed treats higher prices with "nonchalance," it would be a "green light to bet heavily on every inflation trade."
Persons: Paul Tudor Jones, CNBC's Organizations: Billionaire
Paul Tudor Jones said bitcoin is a great way to protect his wealth over the long run and is part of his portfolio just like gold. "I like bitcoin as a portfolio diversifier. The only thing I know for certain, I want 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities. "For me, it's just a way of kind of foundationally looking at how do I protect my wealth over time it's a great diversifier again, I look at bitcoin as a story of wealth," Jones added. "I look at crypto as a story of wealth.
Persons: Paul Tudor Jones, bitcoin, Jones, it's Locations: bitcoin
Full interview with billionaire investor Paul Tudor Jones on markets, bitcoin and more
  + stars: | 2021-06-14 | by ( ) sentiment -0.77   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFull interview with billionaire investor Paul Tudor Jones on markets, bitcoin and moreBillionaire hedge fund manager Paul Tudor Jones joined "Squawk Box" on Monday to give his thoughts on the markets, Fed policy, bitcoin, President Joe Biden's fiscal policies, the economy and more.
Persons: Paul Tudor Jones, Joe Biden's Organizations: Billionaire
Lordstown Motors stock plunges after CEO and CFO resign
  + stars: | 2021-06-14 | by ( Paul R. La Monica | Cnn Business | ) sentiment -1.00   time to read: +2 min
New York (CNN Business) The news just keeps getting worse for Lordstown Motors. Lordstown didn't give a concrete reason for the departures of CEO Steve Burns and CFO Julio Rodriguez. Lordstown said it has hired an executive search firm to find a permanent CEO and CFO. Becky Roof, an accountant and consultant who has previously served as interim CFO at Eastman Kodak and retailer Hudson's Bay, will serve as interim CFO, replacing Rodriguez. However, the committee did concede that "Lordstown Motors made periodic disclosures regarding pre-orders which were, in certain respects, inaccurate."
Persons: Lordstown, Steve Burns, Julio Rodriguez, David Hamamoto, Angela Strand, Burns, Becky Roof, Rodriguez Organizations: CNN, Lordstown Motors, Eastman Kodak Locations: York, Hudson's
Billionaire investor Paul Tudor Jones on meme stocks
  + stars: | 2021-06-14 | by ( ) sentiment -0.96   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Paul Tudor Jones on meme stocksBillionaire investor Paul Tudor Jones joined "Squawk Box" on Monday to give his thoughts on the social media-fueled meme stock trades.
Persons: Paul Tudor Jones Organizations: Billionaire
Billionaire investor Paul Tudor Jones said Monday that the high stock-market valuation makes him uneasy and warned the Federal Reserve could be adding to financial instability with its aggressive policy stance. The hedge fund veteran told CNBC's Andrew Ross Sorkin on "Squawk Box" that the stock market appeared richly valued relative to the broader economy, comparing it to the top of previous market cycles before significant corrections in recent decades.
Persons: Paul Tudor Jones, CNBC's Andrew Ross Sorkin
The Federal Reserve is risking its credibility by keeping policy so loose and allowing inflation to grow in a way that may not be temporary, billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday. This week could see "the most important meeting in [Chairman] Jay Powell's career, certainly the most important Fed meeting of the past four or five years," Jones told CNBC's Andrew Ross Sorkin during a "Squawk Box" interview. Specifically, Jones said consecutive consumer price index readings put price pressures well ahead of the Fed's 2% inflation goal. The Fed's messaging surrounding inflation will be critical for the road ahead, he said. "If they treat these numbers with nonchalance, then I think it's just a green light to bet heavily on every inflation trade," Jones said.
Persons: Paul Tudor Jones, Jay Powell's, Jones, CNBC's Andrew Ross Sorkin, we've, You've Organizations: Federal, CNBC, Fed, Federal Reserve
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