China's goal is global primary at all costs, says Hayman Capital's Kyle Bass
ฝัง
- เผยแพร่เมื่อ 28 ก.พ. 2024
- Kyle Bass, Hayman Capital founder and CIO, joins 'Squawk Box' to discuss the state of U.S.-China relations, rising threat posed China on the U.S. auto industry, Covid's origin theory, and more.
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If it's a fallacy, why are you worried about BYD EV's?
Because BYD or any other chinese company is a state run arm of the CCP, which get; interest free loans, no regulation or restrictions and extremely cheap labor advantages. Our free markets can’t compete with that level of adversity and corruption against a governments with unlimited power.
@@generalsol1977lol. If Chinese citizens want to subsidize my consumption, who cares? I feel no special loyalty to U.S. auto workers, and it will come back to bite the Chinese eventually.
@@generalsol1977You guys can says anything without any proof!
@@ordinaryhuman2511 This selfish attitude is why China exists as a viable competitor to the United States today. Keep sacrificing the working class of america in favour of an authoritarian communist state, I'm sure it wont bite you in the ass eventually.
@@generalsol1977 snowflake lol
In Europe, we shall consider protecting our own data from collection by U.S.
don't say that. be afraid of sanctions.
Kyle is the man. Could listen to him all day
And feel 2x better and dumber even being 2x poorer. 😂
I came for economic news but why am I laughing 🤣
invite this guy on more
Great interview, lots of interesting analysis I hadn't heard before about the inner workings of China.
most are misinformation...
What does "global primacy" mean to this guy, exactly? It's not precise description. It's just a blob of language. China's military is designed for operations within the Asian theatre. If they wanted "global military primacy," they would be designing a different military. If they wanted the world to emulate their brand of Communism, we would see them making less benign political interventions than Belt and Road.
China can have an economy larger than the US, but they will not surpass the economies of the free world taken together. Economic primacy denied.
What I notice most is the silence from the two liberal hosts
Welvome to this special PURE speculation episode of cranky and friends
Since when did CNBC turn into a BS conspiracy show?
I thought this was a stock channel? It’s sounds like a lot of personal fears and Cold War dogmas from stock guys.
Huge $ behind the distorted narratives. Sorry for all of us who need to pay xxx% more for substandard yesteryears products and services monopolized and only benefitted by only a few.😢
Go back under your rock.
@@incipidsigninsetup you mean stock.
I discovered during the Obama Presidential Election. Guess which way the channel sided.
Thank you Kyle!! You have been saying this for a while.Finally they are listening to you.
EV growth markets are not in the US. It’s Europe and China, now think about why teslas like they were two years ago.
big fan of the mao haircut
Bass got the fishiest brain.
Kyle is great ❤
The US will come up with any ridiculous reason to stop the Chinese cars coming to US. National security😂
Great analysis. It makes sense.
Joe is asking when the last time china did something nice to the USA in a segment demonizing their auto industry. Is he tone deaf
Why is CNBC talking to this guy all the time? What has been the fund return of Hayman Capital over the decades it has been shorting China?
It’s part of the information war against China that the US military is conducting.
They are talking with him as the Chinese property market is finally falling apart, as he had said it would. That they are having him on now shouldn't be surprising, even for a little pink.
he stopped shorting China
CNBC feels that they need their version of gordon chang 🤣
@@theonlycaulfieldFYI the Chinese government popped the property bubble themselves-now smoke your meth.
competition is the essence of a free market
China is not a free market
If China sells them for less than it costs to make them, that’s something American auto makers are unable to do.
not if the votes are so critical
What is 'Global Primary' ?
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Hello ? Swap stations ! Nio is coming to America before you know it !!!
"I have two Teslas but I don't drive them daily." Bro, if you alternate between those two cars you can 100% drive them daily. BYD is about protecting US Auto industry and the Unions. Let's just be honest about it.
Bass should brush up his econ 101. First, the current account collapsed in 2018, before the 2019 protest.
Secondly, the current account is net exports. The decline in 2018 was due to the Trump tariffs.
Please fact-check before talking on national TV. It is embarrassing.
Wow, I guess his so out dated. I been traveling in my model Y across states and have never seen so many chargers specifically in hotels or Airbnb where you park them over night.
Sure I understand 15 years ago with the early models.
Yes they’re not their yet. But then ICE cars have been here over 50 years.
Look at the first iPhone compare to now or other tech
It did seem a little outdated. Teslas and electric vehicle chargers are all over, even in midwestern cities.
Place 30% tariff on incoming Chinese cars.
Entirely appropriate objectively
He's employing a substitution fallacy...leveraging Chinese related rhetoric to hit on Tesla.
Best stay at your ranch 😂
There is no evidence that a 'virus' exists. What does that have to do with investing?
Competition is fine - we’ve been competing with Japan, Korea and Germany in the automotive industry for decades. But government subsidized cars to gain market share isn’t competitive and is simply predatory pricing subsidized by the PRC…
You invaded and killed 1 million muslims don’t ever preach morality 😂
As the Native Americans said, "White man speaks with forked tongue."
I'm skeptical that Chinese-branded cars and other products will sell well in the West, given their adversarial relations. It's one thing for everything to use Chinese components, it's quite another to own a car with a badge on the front that's a Chinese brand - I certainly wouldn't - I already refuse to even consider buying Huawei phones.
I thought CNBC belonged in market competition?
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what a whiny lil tesla hater
the average person travels home to work and work to home. becauses of slavery. but anyway 30 min max to and from work. and there are plenty of chargers.
Try to beat them at your own game; don't simply resort to changing the game when others are getting good. Studebaker wanted US government support to stop Mercedes-Benz from converting its horse carriage wagon customers to automobiles. Imagine supporting Studebaker with protectionism and FUD on the new transportation innovation to the point that Ford couldn't get off the ground with its assembly-enabled mass production innovation. Do what's needed to buy time but also force domestic players to innovate; can baby them for all times at all cost.
50 cent keyboard army has been active in china 😂😂
I think the protectionism for intermediate timeframe will eventually happen in US and also in EU, before EU and US simply catch up and overrun Chinese brands again. The technology and car manufacturing base was built by Europeans, Americans, Japanese and South Koreans in China for free (through forced joint ventures imposed by communist party). So now Europe, US, Japan and South Korea have every right to decide to impose tariffs or any other limitations to Chinese brands same as CCP did to Europeans and Americans from 1980s with the JV limitations. Now every Chinese is singing the free market song, but they should remember how they treated Europeans and Americans. Resulting in getting 50% profit cut in these joint ventures and at the same time getting again for free the technology, know how and the infrastracture and supply chain from Europe, US, Japan and South Korea. All justified and reasonable at this point to impose barriers to Chinese brands. You have to think in perspective and you cannot oppose objective facts. Chinese should be bowing down and be grateful what they were given by Europe and US in last 4 decades, but it seems they really are only about global dominance at all cost, sad and it will be their start of downfall unfortunately.
Any industry massively subsidised by the state (think Boeing v Airbus which is nothing like EV in China in terms of subsidies) is going to see this kind of reaction. China is not following free market rules and the US and EU are correct in applying protectionism.
USA is #1 in naked short selling, nobody is better at it.
not in china over 8 million charging stations.
You forgot about swap stations to
But hardly any Chinese own Chinese made EVs. They domestically have most of the components for the car batteries, they get cobalt from some other countries. Most of the cost of EVs is in the batteries, China says if you want our batteries you must let us make the cars in China and or other places like Sweden where we have a plant.
Don’t Americans laugh at China for making junk? Why are they so afraid of China?
LOL, a repeat of Huawei since BYD just beat Tesla? Cause this show was on stage when Huawei beat apple.
Smart guy but he colors his financial analysis with just downright antagonistic commentary on other countries. He is tapping into the anger of less educated folks.
Great analysis yet still feels bias. Wish news could just be simply about getting the message across.
Costs for what?
Swapping is the Future! Nio is the Future and will dominate the world
tesla has a factory
Sadly! It's the reality. Though I hope not.
The preachers of "free trade" won't allow free trade?
Hypocrisy at its finest🤦🏼♂️😂😂😂
Educate yourself first, China has been the most protective market at least in car manufacturing - mandatory joint ventures giving chinese 50% profit cuts and all the know how and manufacturing given to them on silver plate by Europe, US, Japan and South Korea. Now the free trade motto is sooo important to Chinese all of a sudden, just laughable. The times of free gifts from other countries to China are over my friend.
cnbc need to invite more conspiracists to the show
@3:17 “Tesla can *NOT* be your daily driver”? Easily one of the dumbest comments I’ve heard.. why in the world would he own two Teslas if they’re *NOT* his daily driver?
“They don’t do anything in our interest do they” what a stupid comment I have ever heard lol 😅. And he did the same comment twice during this talk. How can you expect from another country doing something in your country’s interest????
He was trying to test/poking at Kyle Bass's thoughts on the US-China relationship, Kyle Bass does not have a single thing that is good/nice about China.
I like sorokin’s slippers 3:30
Kyke, akways brilliant.😇
The Squawk Box team is just getting worse and worse. A bunch of NYC guys saying there is no use case for EVs, and knowing nothing about the quality of Chinese EVs and their competitiveness. Too lazy to even go drive one in Mexico to figure out for themselves. All they do is sit in their NYC downtown studio and talk philosophically about what is happening around the world. This is not business journalism!
Joe finally makes some sense. Hint: China has 3 billion CCTV monitors. NOTHING is a coincidence. LMAO
Kyle is the best
Tell the kid to wear some socks!
This guest is incredible. He is such a skilled PR operator, a perfect Chief information officer.... except, he was throwing rumors in a way of seeding doubts...., made Joe thinking along his line.... Start with a lie about Tesla being banned..., truth is, Tesla makes more than 20% of its money from selling Tesla in China... On HK protest, it was started in June 2019, peaked in July. The protest had evolved into massive terrorist styled attacks, destruction of public transit, airport, shops, Legislature Hall, police stations, and on anyone who expressed different opinion... while COVID came more than half a year later, around Feb 2020.. BTW, the slow adoption of EV in teh US could also attribute to lacking of a common standard for the Charger. It's like the apple lightening and USB... Definitely limiting the growth. ALL EV use the same charger spec in China, making it so easy to charge the car at any charging station...
Such a dinosaur
This will not age well.
Kyle has a bumper sticker on his Tesla that says I bought this Tesla before I knew Elon was bad.
What are you guys talking about????? At best it's a wishful thinking about BYD and EVs.
Ok so cars can’t just be “dumped” into the US market. It takes years to build up a dealer network. Secondly EVs are not selling well in the US anyway. Silly discussion. I came for an economic discussion. I got a China bashing political discussion. I can go to Fox News for this nonsense.
Huge $ behind the distorted narratives. Sorry for all of us who need to pay xxx% more for substandard yesteryears products and services monopolized and only benefitted by only a few.
why I am laughing?
losers talk, winners do.
if xi really banned tsl in Chinese city ，are those Chinese drive your mom in city？
Nice shoes Andrew!!!😂😂😂 100 percent correct Mr Bass!!!!!
Joe sounds tired.
This guest is correct and I am Chinese
Did Chinese bots get their skills from Russian friends? A lot of them over here, but not as many as in other not that straightforward videos. I guess they just don’t want to make this truth more visible to broader audience.
it is convenient to call them bots , they are just people with different opinions
lolz worried about Tesla near by haha, this is the funniest statement I hear in awhile. What about Iphones near by? are you only allow iphone in certain city and not others? this guy is a joke.
😂😂😂… he crying because China not doing anything for American? Seriously?
Many insiders can answer these questions far, far better than this guy Kyle Bass.
BTW he had obviously never looked into or driven BYD and keeps blah blah blah about EV.
And he did not understand HK at all and blah blah blah about China current account related to HK.
Holy conspiracy man. Oy, give me a break.
Kyle Bass the penultimate China basher😂
hahahahahaha.........hahahahahahaha
This guy's Hayman Capital's has lost 32% or its capital since established 10 years ago. Maybe he should focus his energy more on how to make money for his ignorant investors who were stupidy enough to trust their money with him. He is a joke!
Maybe he’s running for congress 😅. Covid was made to cause trump to lose the election 😅
This guys is lying
This clown again 😂😂😂
Pure US propaganda.
China was the major power in 1500 BC as an economy and an empire and they will gain that status sooner or later
Kyle, go back to what you do bets: shorting China in financial instruments. Talking something out of your expertise is silly.
American companies are simply not as efficient as Chinese counterparts. This gives Chinese major leverage .
Disastrous guest speaker….
I just unsubsribed. 👎👎👎
Crying baby