Bill Ackman's plea to President Donald Trump to save U.S. from coronavirus' economic destruction
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- เผยแพร่เมื่อ 23 ก.ย. 2024
- Pershing Square Capital CEO Bill Ackman makes a plea to President Trump to shut the U.S. economy down.
Investor Bill Ackman urged President Donald Trump and corporate America in an impassioned plea on CNBC to shut down the country for 30 days to contain the fast-spreading coronavirus, calling it the only option to rescue the economy.
“What’s scaring the American people and corporate America now is the gradual rollout,” Ackman told Scott Wapner on “Halftime Report” on Wednesday. “We need to shut it down now. ... This is the only answer.”
“America will end as we know it. I’m sorry to say so, unless we take this option,” he said. Ackman added that if Trump saves the country from the coronavirus, he will get reelected in November.
Ackman urged U.S. companies to stop their buyback programs because “hell is coming.” The biggest U.S. banks have already halted repurchasing stocks to put their capital to use helping consumers and businesses.
Worldwide coronavirus cases topped 200,000 on Wednesday, while confirmed cases in the U.S. have surged to at least 6,496. The Trump administration is working on a $1 trillion stimulus package to combat the impact of the virus, including sending out checks to the American people and providing financial relief to airlines.
“The hotel industry and the restaurant industry will go bankrupt first, Boeing is on the brink, Boeing will not survive without a government bailout,” Ackman said. “Capitalism does not work in an 18-month shutdown, capitalism can work in a 30-day shutdown.”
‘Tsunami’ is coming
The founder and CEO of Pershing Square Capital Management said he felt a “tsunami” was coming before anyone else raised a red flag about the outbreak.
“Beginning in late January I was getting increasingly bearish and I woke up with a nightmare,” Ackman said. “And my nightmare was you have this virus that replicates and infects incredibly rapidly.” He added his colleagues thought he was a “lunatic” when he took out cash from an ATM.
In the emotional interview, Ackman revealed he went into lockdown almost a month ago to save his father’s life who is immunocompromised.
“The only shared sacrifice that is going on right now is the health-care community, the nurses, the doctors, the people taking care of patients. Those people are making enormous sacrifices,” said Ackman. ”[The president] is not saying storm the beaches of Normandy right now, he’s saying go home, go home, spend a month with your family.”
In response to Ackman’s remarks on CNBC, a White House official said, “As President Trump has said, we are going to ensure that we take care of all Americans, including affected industries and small businesses, and that we emerge from this challenge stronger and with a prosperous and growing economy.”
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Listening to this in Dec 2022. He should have won an Oscar that year.
Thank god he didn't post this on Reddit! The SEC would have been all over him lol
Undervalued comment, I'm long.
7 days later. March 25th 2020 UPDATE! Ackman buys hedges for $27m. Closes them for $2.6B and buys more stocks". Wow. This guy. Y'all taking notes?
CLASSIC BILL "I SAY THINGS TO BENEFIT ME" SPACKEROONI
Just to be clear, Bill Ackman purchased CDS in February meaning he already knew hell was coming. On March 9th CDS contracts had already increased by aprox $1.8B, in other words his investment was already making profit. By March 12th, the valuation of the CDS reached $2.75B so he started selling and it took more less a week to full exit. While in the selling process, on March 18th he tweeted to the president to shut down. He didn't appear on CNBC just to make profit because he already did. Please, do your own research before saying anything.
@@smholding7 Why would he exit when the sht is hitting the fan - post some proof
Dont be fooled. He purposely scared the hell out of the world because he had "shorted" the whole market.... pushing the market down. And he capitalized.
Bill "Hell is coming" and I'm going to profit like the devil Ackman everybody. Give him a hand. He's buying a lot of stocks? Lol he means shorts against all these companies and industries he was saying. He may have made this call in fear and panic but he made insider knowledge manipulate market moves to profit from it. Like this interview.
Probably a crap analogy but its like if someone walked into a casino and says to the owner "ill bet you this casino and everything you're customers loose that the people that gamble here will loose more than they win. The casino owner says "great idea!" Then the majority of people loose and the random guy that made the bet now owns the casino. With the owner trying to tell the guy how to run things. As he does whatever he wants with all of his newly printed stained money.
Is that illegal? Should it be? That's not for me to decide but the questions should still be asked nonetheless.
He seemed more concerned about the economic depression that was coming anyway. 10 months later and it turns out he was shorting all the companies he cheered into shutdown.
no
This hits different knowing he profited massively over this
He hedged his fund, that’s what a hedge fund does, protects overall investments. His investors are not just his buddies, they are pension funds, corporations, unions etc. but he was talking about all this in early February, no one was listening
Idiotic comment
And then he scooped up all the stocks after he fear mongered for 13 mins.
Everyone would have done it because totally healthy companies were sold for little money. Because panic
He literally says at 9:00 he's buying stocks lol.
His assessment was impeccable.
He’s as straight up as they come.
Shut down everything. Except chipotle.
guac and lime ppl
He has big position in chipote
Lmao
Disgusting and overrated food.
Meaning buy chipotle and ntfl stocks
“You order in chipotle” OKAAAAYYY DUUUUUDE LMAO shameless
Stop saving people who over leverage for years.
Bailing them out is theft.
it should work as a lone if anything but yeah giving them money will make it destined to happen again some other way
Happens every time. Nothing new.
Agreed. I like to call it Corporate Socialism. Never for the people.
IrelandVonVicious He is right.Here in China everything back in normal...
Or make then pay it back and use assets as collateral
It was surreal watching this live. I thought he was going to breakdown and cry.
@@thomasbursting4951 lol he tanked the markets and I thought the host would break in to cut this interview short but he allowed him to continue
Jim Cramer seems pretty shook, up prolly because he’s losing his restaurant
He has spy puts :/
yup 2 days later we find out he had credit default swaps aka a massive short and the guy made billions off this interview literally
@@Kharmatos13 this should be raised to the surface, people think this guy's a saint.
You could hear the fearmongering in his talk and while behind the scenes he is making billions
He was right though.
You probably learn that at the Harvard MBA.
Bill Ackman’s nightmare was line-for-line the Jude Law “Teach them what an Ro Of 2 really means” scene from 2011’s “Contagion”
Watched that last night. Spot on.
Maybe he watched it the night before
I've disected the movie.
th-cam.com/video/Afh7_Pn0bLQ/w-d-xo.html
And he is not wrong about the Ro Of COVID-19 and its potential spread
Great job CNBC host! Much less interruption of the guest. Keep it up!
Redamancy 1 this needs more up votes
Agree. Ackman made his point well, and credit to CNBC for letting him present his idea in long form. As upsetting as his message was, we need brutal honesty right now. Treat us like adults - it actually reduces the chance of panic.
It's hard not to interrupt Bill Aikman
Yeah, agreed. He did a good job.
super smart guest
Surprised we couldn't hear his keyboard typing from all the short positions he was buying while saying this.
This is where he was covering his short positions
@@shootersdream4635 lol
Yes!! Freeze the economy for 30 days. Don't charge for anything until this blows over, no mortgages, rents, monthly payments... etc. It's the best way. Why is everyone criticizing him? The alternative is the economy gets reset and EVERYONE starts on equal footing and you'll see the worst of people. You guys act like he's asking to keep society on permanent welfare.
Because it wont work. 30 days is not enough. Infectious disease experts like Michael Osterholm are saying THIS IS NOT THE RIGHT APPROACH. We have to keep the economy going.
@@shooter7a FACTS YO PEOPLE HSVE 0 CLUE. THEY WATCH 1 VIDEO AND BECOME FINANCIAL GENIUS BUT THERE STILL WORKING A BASIC 9-5..... PEOPLE HAVE TO STOP OPENING THERE MOUTH IF THEY DONT KNOW
@@shooter7a You can't. Every effort you make to keep the economy running only extends the period of infection and panic. If it's non-essential, shut it down. Keep food, medical and civil services running - close the markets, close the rest. In 30 days you should looking at running 10's of thousands of tests a day and then you can start looking at opening things back up in areas you KNOW you have the infection under control and get the main economy running again otherwise we'll still be looking at widespread economic disruption 4-6 months from now and possibly longer, guaranteeing mass unemployment and a lasting depression.
Move to North Korea if you want a government like that. In the US, the government doesn't own our stuff. We do. Only the owners can decide what to do with their stuff. If you think the government knows what to do with your stuff better than you do, then you're an idiot.
Take a shot of hang sanitizer for everytime he says "OK"
8:55 Look at the stock price of Hilton when he said he’s buying it.
Crazy lol
That man has power
And it was dumping just secs before when he said "it's going to 0." Wild. Lol. He can pull stocks in either direction.
Finally someone who's done his homework, did the math and is not afraid to say the truth.
@steven mathew You're full of bolderdash
or he's invested to gain billions if it does, rest assured he's not advocating something that won't make him money. Not saying he's evil, but for sure he's not stupid or in the business of going broke.
@@kingcountyband 100% - but he's right...I spoke to my 70+ year old dad today and said the consequences of being cautious and wrong are completely opposite to being slack and wrong. It's at a society level now, I would like the financial system to reset but I don't want 100s of millions of people to die in the process. He knows the economy is dead if we don't act drastically, he's taking the gamble if we stop for a - maybe - manageable time, it might bounce back and he wins. And he may as well buy, buy, buy as he's broke if it all collapses...
@@bagpussmacfarlan9008 good point. It reminds me of a cancer medicine, it kills everything but hopefully it kills more of the cancer. With it you could die, without it you will die.
@@kingcountyband He may be right that a complete shutdown would be the most effective alternative. But he has no details about how that would work for individuals, business, or the economy including how any bailouts might work.
Bill "ok" Ackman
Someone with any ounce of humanity who knows what is really going on needs to speak out and tell the truth for the sake of all humanity. if not then it is the end for all all sport in the world will be over even if anyone survived because of a long term shutdown no one will have any money to go to any sporting events afterwards. someone in power needs to come out and tell the truth because either way this is not good and could be the end for millions money wise job wise who would want to go to a sporting event after losing many loved ones? who would want to live in such a world struggling to survive world leaders it is not worth it speak out now.
Bill "I had a dream" Ackman is buying like crazy right now.
hes a notorious short side trader
@9TheMajor that is a horrible buy
@@TalladSirhc also notorious long buyer I would take what he's says here very seriously.
@9TheMajor you will be selling it very soon
Bill has finally recovered from the disastrous Herbalife short position Pershing had on.
Who's here in 2022?
Rip off the damn band-aid, don't slowly make it hurt worse. Absolutely right, Italy has been warning us, exactly this.
This! I tell people exactly this. Go nuclear! get it over with it, then get going again.
Where is the restart point? People will still get sick after a shutdown
@@rajgopinoth4241 Also in this country they love the po po state, once they go big brotha, they aint turning back
@@rajgopinoth4241 yes but, they can be taken cared of and we won't flood the healthcare system.
Pulling the bandaid off in this senario will rip ya whole dam leg off! Do nothing to contain the spead and you will be camping permanently.
2020 human race: "We'll be fine."
Charlton Heston: "Damn you. Damn you all to hell!"
th-cam.com/video/sPbjPOgRtyA/w-d-xo.html
Wow..I never even heard of this guy before but he had some great points..it makes no sense if the whole state of Georgia is on lock down but Alabama is wide open...every one lay low for 30 days and lets see what happens after that.
and read through the comments here... no one is getting it and the president is downplaying it like everything is under control. thats actually scary
Never heard of him? Which rock do you live under?
This isn't a US problem, every country in the world is dealing with it, yet everybody behaves like it is a local issue...
Blank Et very constructive comment. Thanks for your contribution in this time of crisis
Youre a complete moron. He had F.E.A.R. how many people die from Flu each year compared to this fake virus
Incredible how much market manipulation was done! You can see the market dumping while he is fearmongering!
bill ackman triggered the first circuit breaker!!
billy made me alot of money today
UVXY jump all over it while u can
can't believe how negative the comments are. the guy is giving practical advice. if we going going on this route it won't work.
@Buttguage I'm Jewish and I dont see any of that money that you claim he gives money away to.
For real?
I thought it was funny when it looked like the hilton chart reacted live to his speech. Could be. )
Don't be fooled by Bill, I guarantee you that he is holding a large short position that will make millions if he gets what he wants. Make no mistake his concern ACT is for the $$ Money......
Pauls Real Estate Investing absolutely. I Said the same thing. A 30 day total shutdown of the USA would completely destroy our economy and society! It’s horrible advice my a selfish and stupid investor who cannot see beyond his own short term profits!
Agree BUT put a clause into the shutdown. No market positions open.
No,I bet he is hilding long position.China stock plunged when virus hit badly.but bounced back once the shutdown pilocy was inplemented, because everyone knows it will work and have confidence in it.take it serously.this virus isn't that easy like what Trump said.take a look at Italy. I lost confidence in so many countries.They are so ignorant. they will pay for this
is he speaking from his bunker? or New Zealand?
Lol
They live in a hole. . . In the ground. . .
Close to Hobbiton!
We are up to 20 now, however just like most countries that's the confirmed numbers, but probably much higher real numbers
@@Nick-18 LOL - Sadly new Zealand seems to be turning into Mordor
His bunker IS in NZ
Did you notice when he said he was bullish on Hilton, the price suddenly started going up?
Yes, all those day traders haha
gamblers watching cnbc
And it was dumping just secs before when he said "it's going to 0." Wild. Lol. He can pull stocks in either direction.
“Im a large share holder of Hilton and its going to zero”
🤦🏽♂️wtf
Stop thinking of yourself. Think how this has affected Paris :-)
Bill Ackman admitted in this interview that he is shorting HILTON down to zero. READ BETWEEN THE LINES PEOPLE!!!
@Lucky 4 Nothing
Try to go get food with no money.
I don't believe it works where I live.
Paranoid bullsh*t. This guy speaks out of both sides his mouth.
Investor Wayne in six short months Hilton will be back to 80 , I wish I had more money
Opportunity of a life time.
Lol, go home relax with your family and order some chipotle... wait what if I work at Chipotle? Ahhh I see how this works.
I bet, even though he said he is long and optimistic, he is shorting. He is no dummy
Say what you want, at least he’s factually correct about what he said
7 days later. March 25th 2020 UPDATE! Ackman buys hedges for $27m. Closes them for $2.6B and buys more stocks". Wow. This guy. Y'all taking notes?
Not true. 1-2 percent of people exposed do not die. It’s 1-2 percent of the confirmed cases. If that were true, and 50% of the world is going to get it over the next year (they say a vaccine is 1 year away), then 35-70 million people will die.
Not even close to true. The shutdown was a terrible idea and didn't save any lives. We never were even close to full capacity, we never used the extra beds that they had ready. There's no proof any of this helped anyone but there is proof it hurt.
The man sounds like he is at the verge of tears, that should tell you everything.
Yeah he’s an emotional train wreck?
@@supercooled You can't hear nuance in speech?
@@jaydee6572 I don't have time to deal with the vagaries of human stupidity. Say what you mean or don't speak at all.
And he’s managing billions?
@@supercooled ok
CNBC and their toadie Ackman should be sued by investors for tanking the market
Bailout coming
Bailout already here
Dollar....gone
Depression comes right after that.
It came and it’s gone already 😂
Their already bailed out but more coming just watch the news
I feel like he's trying to cause panic as he has shorts in place.
If this isn't a time worth panicking over then I don't know what is.
udip21 Bingo! He just made $2.6 billion on a $27 million. Extra! Extra! Read all about it! www.barrons.com/articles/how-bill-ackman-turned-27-million-into-2-6-billion-during-the-coronavirus-crisis-51585147940
bingo
False. He had already closed much of the position before March 18 and was already buying back.
yes he had shorts in place - should be illegal - like some countries have made shortselling partly illegal during the pandemia
Well, Ackman made a lot of money. That's some good news.
Ah the memories
10:51 literally giggling while sneaking in a humble CHIPOLE promo as firm's shareholder...
We didn’t need to shut the market down when it was rising rapidly
Hunter Feraco exactly!! Let it go to zero
Nailed it
G G you don’t have any money in a 401k?
@@coryg121 Most of us millennials don't have any savings at all, so to heck if it goes to zero, most of us would probably be happy as it gives us a chance to get a part of it.
+Max Smith You idiot, do you know what the world would look like if it literally "went to zero" as you say? Do you not consider even for a second what kinds of world events would cause such a situation? It would be an Extreme Depression the likes of which we are incapable of even imagining.
This country cannot afford bailouts and free money. It's time to let the chips fall.
I agree, buying back stocks to enrich the top and instead of building up reserves is criminal!
Dude sounds like he's gonna cry. And he's a CEO.
sounds like you don't own any REIT's
*Wrong-Loser*
lol that's just his voice
I've never heard him like this. Clearly hes scared
Go home, order good. Wait a minute. Who cooks. They don't get to stay home?
You cook at home
sounds like he's on drugs
Love how he says "if you're getting tired of moms cooking..." wtf dude! Thoughtless remark. Only women cook and not that great to boot. 🤯
THE ROBOTS WILL COOK THE FOOD.
Ummmm. Who cooks the food. Who delivers the food. Who gets the supplies. Who delivers the fuel for the the delivery cars. Who stocks the shelves. Who generates the electricity for the stoves. Who supplies coal for the electricity generators. This guy is living in fantasy land
One year to eighteen months: The system simply can't withstand such prolonged pressure! We can either shut the whole economy down for 30-45 days NOW, or face unimaginable consequences later down the line.
And the what happens when we re-emerge from our houses in 30-45 days? And open our borders to other countries who perhaps dealt with their virus outbreak differently? Seems like it'd just flare right back up, no?
Just checking in… are we on day 45 yet?
@@shareemibitsfala5534 certain parts of the country the lockdowns were over since may 2020
I thought this was conspiracy theory talk? Only the 'conspiracy nuts' knew this was coming.
For anyone who does not understand a thing, I'll simplify it. He basically bet black that U.S will sink, and he won!
“God opposes the proud, but gives grace to the humble.”
god showed up to smite the elderly
Doesn't really seem that way last 3 years. I think we are hung over from all the winning.
Professing themselves to be wise they became fools
I was thinking about this hours ago.
Tells the world Hilton is gonna tank. Then buys a shitload of stock for almost nothing. Then people scream "He's a genius!!" WoW people really are stupid!!
he is a genius morron
*Dude's holding puts.*
Rafi Tanzim facts he is shorting big lol
Anyone with a brain is
30 days they said....15 months later.
2012 WAS Eight years late
He's freaking out, this guy is freaking out
We all should be.
@CHeEEEeeeEEe 10 million
He’s telling the truth, stop being in denial.
PTB 😂😂 if there’s one thing the Coronavirus has taught me it’s that people are wretched at basic math
@@HelloMyNameIsShun1 I mean he was like, "Hilton is going to $0" then was like "but I'm buying Hilton"
Bill is right on target!
@mrmichaelmw I think he can afford to keep him and his family safe for 6months lol He's taking NO chances
@mrmichaelmw im sure Bill will be able to keep his head above water lol. But yeah the rest of us are screwed
new information 50-75% of the infected are asymptomatic . a study from italy . most likely not peer reviewed yet - but illustrates how the only way we get free from this is ( herd immunity) . you shut the county down for a month and all it would take is one infected person to get the virus started all over again ..besides that with so many asymptomatic the virus could be far more progressed then we give it credit for . it could have infected millions already
Damn. He’s hurting. He sounds like he gonna cry.
Yeah he is hurting. Sold out of his positions in January. Totally hurting.
He’s always “hurting”. He’s a cry baby.
the 2.6 billion is too much for him to carry
He cried bcoz he just get $2.6B no more. Just kidding, i think he cried bcoz he emotional about his father condition.
This is an amazing performance. While his team is buying assets. Bravo.
Bill Ackman sounds like he is going to cry. I hope this situation will be better soon. People will stay home just as he said. I am staying home everyday just to be safe.
It is inappropriate to allow Mr. Ackman to say what he said. The host should know better. This is misled the public.
I personally feel that the host should consider himself. I don't think CNBC should have a host like this. No integrity.
WE NEED TO TAKE THIS SERIOUSLY, BE PART OF THE SOLUTION AND STAY HOME!! TRUMP AND TRUDEAU NEEDS TO SHUT THE COUNTRY DOWN FOR 30 DAYS!!!
LETS WORK TOGETHER PEOPLE!!
GOD BLESS THOSE WHO ARE STRUGGLING, LETS WORK TOGETHER AND OVERCOME THIS PROBLEM!!
WE ARE THE PEOPLE!!
GOD BLESS NORTH AMERICA!!
It wasn’t the coronavirus that caused this economic downturn. It was the irresponsible choices and corruption that led us here, hence a weak economy
Yup we relied to much on China for manufacturing. And we should have started cutting off travel from there once the Chinese started arresting whistleblowers In late November.
@@Mosezgarcea yeah, because if people were working 10$/hour jobs in a factory in the states we would've been immune to the coronavirus
@@thadiussean9133 Hey in some states $10 a hour isn't as bad as it is on the coast. And yes we would be in a better situation because, we wouldn't be dealing with shortages of medicines and components for electronics. It wouldn't make us immune to it but we'd be in a better financial situation. We wouldn't be hit so hard.
Virus pops the everything bubble
Ishi Nakamura yes, I couldn’t believe that even the airline industry was in a bubble
that's how you do an excellent interview. well done to the presenter.
Chris Kindler agreed. when i was watching this on tv i was like: alright its the end of the world, THEN WHY ARE YOU BUYING STOCKS?
and then he said "Hilton is going to zero, they won't exist, but im buying a lot of hilton stock" lmao im glad the interviewer pressured him to answer to that
100 percent! We failed at containing it and testing adequately at the start of the epidemic… This is our only reasonable option now.
He had big short positions on the stock market 😅and made big money 😅. People setting here thinking he gives a damn about them 😅. He’s a hedge funds
its only 3 days into social distance and it made billy go crazy
Ackman expects that it is over in 30 days. Doctors say that the peak of The epidemia is in mid-May, almost 2 months from now.
*Cries in december 2020*
Newsflash: EVERYONE ALWAYS DIES. We must be nearing the bottom if Ackman is freaking out.
bottom will not be seen until country wide lock down...
if I could only picked up a few more shares of $SBUX at 51...
Every company he mentioned I'm sure he's invested in.
7 days later. March 25th 2020 UPDATE! Ackman buys hedges for $27m. Closes them for $2.6B and buys more stocks". Wow. This guy. You called it!
Con artist
Very sobering to read the comments, people talking about fear-mongering and his 'angle'. Just listen to the math and do your own research using WHO numbers. His remarks are on point.
I don't think people understand the seriousness here. Homeless, will die, no one cares. The young think their invincible, but bring it home to their parents and grandparents. It is a invisible killer, people listen to the president. I listen to facts. My ex said I'm being paranoid, over acting while where he lives, he's having neighborhood barbecues. He listens to the president. People are going to die, the medical places are going to be over exhausted, it's going to get worse.
@@Bl00DCrystal333 yea.... people die everyday. car crashes, cancer, heart attacks, the damn flu, the list goes on and on. hes greatly exaggurating and fear mongering based on the fact that his real agenda is he is losing money.
@@windythecatt Okay, take those list of casualties and multiply them times 100 and see how the health system apparatus in the United States handles that, on top of the very things you just listed. The United States went to war in Vietnam over a ship being attacked and we invaded and are still in Iraq over zero Americans being killed by Iraqis.
LOL @ Millenials being blamed for COVID-19. They’re gonna love that.
Bill is recommending to stay home and watch Netflix. While that happens he will be buying stocks. He will not be watching Netflix
Michael Salgado the market will also be shut down for 30 days. Wow everyone is so skeptical.
Michael Salgado they will be paying him to watch if
Buying the Netflix stocks
We can all catch up on his episode on Dirty Money.
rob catch market ain’t shutting down
For the nerve wreck I am right now, I didn't need to hear this
It’s actually good news, in the shortest time. Anything else you can envision will be revolting
I pray u see this but GOD BLESS AND STAY CALM💞💞💞💞💞
He's pushing an agenda
This guy is petrified of being poorer.
Here in Italy we’re exactly doing what he’s sayin and hope in the next couple of weeks to see results
Mattia Campagna Italy is small and Italians would not had the problems had they taken warnings seriously. Chinese are extremely disciplined and obedient, unfortunately Italians are not and neither are 325 million Americans
Omnibad stop with eating bat bs, this virus was made in a lab to cull overpopulation in the world.
I’m still trying to figure out how the chipotle makes it to your house.
Omg thank you
Delivery is considered one of the "essential services". Truckers, Grubhub, UPS, Amazon, etc; They're all keeping working.
uber eat
I guess you can order it now in bulk and the freeze it
I got a spam email from them saying they were giving free deliveries this month. Good to know, I live 60 miles from the nearest one. If it's not here in 30 minutes do I get it for free?
This man is a risk/reward balancer for a living. He is very good at it.... listen him without hating his success.
So a hedge fund guy is spreading more fear ...ahja....what a comic show....he also should disclose his short positions. i dont believe him a single word about buying stocks aggressively
better time then ever to buy stocks ill be rich in 2years time im loveing all of this
Wow,, in the end if we don't have our health, we really have nothing!
Anyone else noticed the Hilton share prices going up as Ackman was saying that he is buying more in the company?
Yes
This dude obviously used his air time to short the market by televising his negativity
Do you think that he needs to go on the air to scare people?? Have you seen the Dow during the past 2 weeks? It's fallen to pre Trump levels, and it will continue to fall,y guess is it will go under 10k before this is over
Good thing I didnt buy a new ride.
I had a bad feeling
Daniel Garcia I swear bro! Been searching, and holding off.
Lol just spent 23 cash on a car two weeks ago..... oh well still very liquid starting to average in.
Just got a lease two weeks ago 😫
j.denino57 lol. Why a gun though?
How do you order Chipotle if everyone is on lockdown ??
i have come to terms with the fact that :
A: I will probably get covid.
B: I will probably pass it to someone else.
C: We will both probably survive it.
This type of BS is why I support wallstreetbets sticking it to hedge funds.
This was one of my favorite moments from this whole episode. Just a classic.
I remember this interview and how the stock market was just going down and down each passing minute and I saw the opportunity to buy all my stock on my watchlist and glad I did. I sold all of them a couple of days ago.
@@Yahniboy no one cares, this is not about how you made money, internet strangers are not interested
@@crohmer ain't gotta be negative about it though...
@@Yahniboy well u lost out on massive returns
Brilliant move,,,he saw it coming
Called it out and cash it out
Cashed out he did
What are the odds that Ackman was shorting the market before his tweet?
Gage Hotchkiss wont be surprised
Zero. Ackman is a class act.
No point of warning people, let Darwin law kick in
rajivunome except a lot of those people won’t be affected and will only spread the sickness to others
Natural selection
You know he is just trying to cover his puts
Bingo!!!
7 days later. March 25th 2020 UPDATE! Ackman buys hedges for $27m. Closes them for $2.6B and buys more stocks". Wow. This guy. You good!
Not only the premier investor of our time but a damn good actor as well.
he is smartt thou
You're the actor he was exactly right
Finished the interview off with a call for a totalitarian dictatorship; nice touch.
This is the problem when people can't get to their meds. More to come!
JC, This guy knows what he's talking about yeah he's a ruthless corporate raider he took a run for control of my former company and won. Fact is regardless of the financial loss he's probably taking he's projecting what's going to happen in countries don't go into lockdown mode to control this virus voluntary or otherwise.
and at the end of thirty days this is all over? I don’t think so.
THANK U
This is just the beginning
Lol
While he was spreading this fear he was actively profiting via his short position. Where’s the SEC??!!
This segment will be referenced again and again in the future. This is the “They know nothing!” of the corona crash.
Icahn: Hold my short squeeze.
He's right I agree with him 100%
No. He is dead wrong. Explain how you are going to "order in Chiplotle" if you shut down the economy. Infectious disease experts like Michael Osterholm are not in agreement with the "shut it all down" theory.
@@shooter7a Michael is one expert. If you go on Twitter and look at what 10-12 experts are saying the majority are in the shut it down camp. Michael is in the minority opinion (there are other experts that share his opinion). I also think we are finding that the severe case rate is higher than we thought in young healthy people. And therefore even if they survive they will likely be left with lifelong lung damage. Michael takes the position that it is unstoppable, I think South Korea has proved that he's wrong.
this was market manipulation looking back. he made 2.6 billion on the crash.
don't listen to this man., Instead, watch what he does.....talking bearish, buying agressively. he wants to keep things cheap.
That's exactly it. People who trust people like Ackman are crazy.
Just to put the virus in perspective. Part of the problem is that we have a much older population that lives longer than at any time in history. MANY of them have health issues!!! Most of those who have died from the virus are old and/or have heath issues. Those are the facts. So, if you are over 70 and have not taken care of your health.....the chances you might die from this virus go up exponentially (of course, some people are unlucky and suffer from conditions that are inherited, etc.).
In addition, and people will hate me for saying this: there have always been epidemics and natural catastrophes and there always will be. That is the nature of life. We can not stop them. Viruses mutate OR new ones arise due to often unsanitary conditions and the propinquity of domesticated animals to humans.
IF China esp. would get ahold of their food markets which are FILTH PENS.....and make sure there are no wild animals for sale for one. Two, have strict standards about the raising of fowl, pigs, cattle......where most of these diseases originate from. Strictly enforce this, we could curb or limit new viruses. So too the U.S. and other countries where animals are living in unhealthy environments. (We could go mostly to a vegetarian diet and really effect massive changes!).
The overriding fact is that 99% of humanity is relatively safe. Yes, it is a fact, that 90% of people who have died are older and their health is often compromised. Sorry but the Bubonic plague wiped out a 1/3 of European peoples because of the very low sanitary conditions and, of course, the barbaric medical practices.
If you want to keep your health, then STOP SMOKING, STOP HARD DRUGS, STOP DRINKING TOO MUCH ALCOHOL, MOVE out of smoggy cities and live simpler lives.Exercise regularly instead of sitting on your fat arses most of the day. Obviously, not everybody can do this. But I hate to burst your bubble but when you get older, esp. over 80....COUNT YOUR BLESSINGS. If you have taken care of your health, you may live to 90.
Lastly, everyone start getting used to dying. Yes, YOU reading this. You will die some day. It happens. My mother died at 95, my father at 88. That is better than the average. We have hundreds of millions of older people....or more that are just living and are not doing well. If they get the flu or coronavirus, they often die. You can not simply blame it on the viruses.....you have to realize that if people don't take care of themselves, they are more likely to die. And, also, and I know that it will come as a shock to some people...you are only mortals.
This virus is not nearly as bad as a lot of others. The ebola viruses, if they spread, could wipe out 50% of the population.