Watch Shark Tank's Kevin O'Leary debate China trade with a Wharton professor
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- เผยแพร่เมื่อ 13 พ.ค. 2019
- Jeremy Siegel, professor of finance at Penn's Wharton School, and Shark Tank's Kevin O'Leary join "Squawk Box" to discuss how the Fed is watching the market volatility amid the U.S.-China trade war.
I came here to hear kevin speak, still waiting. These guys wont let him speak
Kyle Flinn I swear. Kevin is the man, who the hell are the others? Who knows...
They have to make sure Trump looks bad.
Took the whole panel to go against him.
LolSlug the professor gave credit to trump on ip theft... joe was supporting that the market has been up since trade war started and bald guy on the end was asking for some details on cost benefit analysis. Everyone can’t be up trumps ass all day.
His arguments are valid and true. The other speculated about things they don't deal with in Real life..,.
This is the difference between a player (Kevin) and spectators
Yea you would. Know sitting on the sidelins all this time
Sheldon Pillay facts
Kevin is an economic Five Star General, lets go to WAR!!!
Jesus Christ go outside
A+ student vs an entrepreneur. Cnbc always talks down anyone who does not agree with their opinion.
Silver Talks same with fox
Silver Talks that’s the problem with most of well educated people they think because they have a diploma they think they can talk down to anyone that didn’t step foot into college don’t get me wrong I nothing against high education but this is the beauty of our country and its economy, that any stupid can become a millionaire with going to college 😂😂🤣🤣🤣🤣
“I live this everyday.”
“Ya but did you read the Wall Street journal?”
Exactly, like Kevin doesn't know what he is talking about.
In a way it's a slap in the face.
Very well sums the conversation.
The opposition to Kevin's position illustrates the problem we have in this country. No one wants to pay the price today for a better tomorrow! Greed has turned us all in to instant gratification seekers.
Reignmkr! And you will be responsible if tomorrow sucks?
@@yingnanyi Transition periods are sometimes uncomfortable. We have to have faith that the pain today will result in a better future. It's the guiding principle of all investment.
Reignmkr! That’s not. Investment is based on analytical evidence not faith. Religion is based on faith.
YN Yee let's not get into the semantic of his poor choice of wording: faith. This isn't "faith." By taking a stand now, it will make sure that both super powers can play by the same rules. This doesn't mean that we won't have any future confrontations (nobody likes to share #1 spot -- it's just human nature), but this will make sure future confrontations doesn't go out of hand because of accumulation of various issues, including trade issues. We will certainly feel the pain, and this is why past presidents didn't want to risk it. People who can't see past their 401k balance or just retarded will argue what Trump is doing is wrong. I'm no fan of him, but he's certainly ballsy, and crazy enough, to take on such task. I'll certainly vote for him again if Dems continue to behave like they are now.
Bhavyen Patel Clarify one thing. Prior presidents didn’t do it because they think overall cost out weight gains, not because they think there IS a cost. If this is the case we’ll see. So far previous presidents are right.
Those who can't do...teach..
Kevin is right!
I agree with Kevin 100% on this. On another note, I use to work in Wealth Management and there are a lot clients who are professors with a net worth of $25M to $100M. The Facts have proven you wrong that "those who teach cannot do."
Warren Buffet taught finance, so did Benjamin Graham. What’s your point?
@@shurikturan8594 my point is...they didn't remain in the teaching profession.
I love how they kept cutting Kevin off from making his point
Zdrafko Tomoski www.nationalobserver.com/2016/01/26/news/real-and-shocking-story-kevin-olearys-business-career
His point is valid, they just talk over him
Multi millionaire vs academic.
Billionaire
Romeo Tango he’s not a billionaire
Those who can't...teach
O'Leary is your typical sociopath and only cares about his personal investments. He could care less if billions are lost in other industries if he can sell 30% more product because the chinese manufacturer making his products cannot sell unauthorized production runs to non-us markets.
The problem is that nuking other industries so he can potentially sell a little bit more product means there won't be consumers with cash to buy his products. Idiots like that want to rely on consumers existing, but then advocate for things that lessen the volume of consumers. They are morons trying to leach off of other people's work, which is funny considering he is so worried about IP rights.
O'Leary cannot make a dime if someone else isn't building things in the US and paying a livable wage to americans.
Don't conflate wealth with intelligence. Focus on the issues rather than the person. O'Leary in typical fashion uses an aggressive way of talking over others to dominate the conversation and convince some viewers that he's right. Trump does the same thing if you watch his interaction with the press.
Barbra : and for that reason I’m out
He was so funny
For the first time, I liked to hear Mr. Wonderful Kevin O'Leary speak. I don't like his personality, but this time we are on the same side.
Yep globe suicide
O’Leary is 100% correct. The other people are just making noise to earn their money.
One is representing Wall Street, the bankers, the Capitalists. One is representing manufacturers.
For manufacturers, IPs are the upmost important property. It takes time and practice to make money when you are industrialists, entrepreneurs.
For guys from Wall Street, they just tear down all walls and "free trade" because they make money when capitals flow. Guys from Wall Street don't care about the future of the manufacturers of this country. They only care about "making money" now, now, now, and more.
AGREE. It is my patriotic duty to support O'Leary, even if he laid me off before moving his company to China.
Never underestimate my masochistic nature !
@@user-tc7ms3hu2m You make a thoughtful comment and get 1 like.
Finnegan's wishful thinking "O'Leary is 100% correct" gets 82 and counting.
MSM loves that 82-1 score.
We need to make the distinction between speculators and investors. Day traders profit off the economy, investors & manufacturers create the economy. Warren Buffett invests & builds for the long term. Day traders are rich freeloaders. Daily stock prices are like political polls, although interesting it is not as important to Amercans as jobs.
The ONLY person involved in this discussion that’s “in the trenches” everyday is Mr. Wonderful. I have to side with him on this.
AGREE. It is my patriotic duty to support O'Leary, even if he laid me off before moving his company to China.
YOU ARE MY DARLING.
Never underestimate my masochistic nature.
You're not paying attention if you think China will back down. You have to cut a deal where both people can declare victory.
Same. He's the only credible person speaking!
Why did they bother having O'Leary on the show, they cut him off, wouldn't let him speak, and ran out the clock! :/
I think it was for the better after all the things he said where laughable.
@@joshuagao1900 Haha, you're laughable! :P
@@edflynn13 should I take it a complaint or not?
It’s like Fox News
One more comment. I find it amazing to watch people who never ran a hot dog stand telling Mr O'Leary how China works
I actually agree with o'leary for once
once? when did u disagree with him and over what issue?
AGREE. It is my patriotic duty to support O'Leary, even if he laid me off before moving his company to China.
@@JB-fy3hj i have bitcoin, i understood his stance just as undertand why he thinks uber is not a good investment, but ok i see where u disagree with him
Just because he can be a "dick" to some of the contestants on Shark-Tank doesn't mean that anyone should dismiss his business acumen....like Andrew & Mr. Bonds-man whatever-his-name-is....are doing here. They are just glued to the stock mkt Cap-loss only. O'Leary is a businessman first, stockholder/bondholder/investor second. They should cue Mark Faber here with his, "I, I am probably one of those who went to college to get stupid....." remark to Cramer, for their casts' hearing, right before they break for commercials.
@Max Powers :) You undertand sarcasm. It is the only solution against both, ignorance and freedom of repression.
Why wouldn’t they let him speak
They didn't agree with his message. This seems more common these days from people defending a weak side of an argument.
Difference between being in the fields VS being an expert of theories.
But, but what about Apple? 😂😁😂
These commentators aren't business owners for a reason they have no vision or common sense. Kevin is right 💯 percent it's now or never.
and no skin in the game
Kevin O’Leary is totally correct!
Erick Cisneros I want my toilet light back
As an American I want a fair trade deal with China. If that means short term pain so be it.
And to the Chinese..."short term" means two or three centuries. So grab a good book and put the coffee on....
drmodestoesq unfortunately they don’t want a fair deal. They want access to our markets while limiting our access to theirs. Then steal our IP on top of it all.
@@Lwellj45 go back to the history book and find out how your great US of A started its path to the super power status and then come back here and tell me who is the master of IP theft
The Problem with short term (Make Everyone a little Happy) Is it will remain a short term deal if not walk itself BACK when the Dems come into play & trip back away any USA progress ... We aren't asking to be advantaged over China were asking for A Little in FAIR PLAY (Nothing More) Where still leaving them the field advantage. We are only asking for a little bit of the Happy ... & still, that to them is TOO MUCH? ... I say we Pack-Up & Leave the game all-together ... We can be anyone's customer anywhere and be happy ~ What Customer accepts being SHIT-ON (Currency Manipulation) To be a customer? ... GODSPEED Not us in the USA! MAGA / TRUMP 2020
@@amos325 Everyone knows it was WWII. Europe broke itself fighting each other. Who doesn't know that?
There are always China apologist where ever you go.
Mrs Lee her family fled china
And they may be right. Going to war is a very dangerous and serious thing. trump just barges on for votes. He's just a loose cannon.
P C it’s not a war lmao. Just because people call it a trade “war” does not make it a literal war bud.
i hated o leary because of how fast he'd talk of getting stuff made in china- but i admit he IS being honest about how China MUST be pushed BACK .
Never Liked him myself (Because of his encouragement to have the labor farmed in China) Now Today the True AMERICAN HERO in him is displayed ... Gotta Admit I've changed my tune in O'Leary !!
@@metaldad2112 Canadian, American Hero.
@@michaelcatbagan9186 We Luv em' Canuks!
@@metaldad2112 yea the true American hero who wants reap all the benefits by cripeling another country putting thousands of people out of jobs just so he can get a better deal how humane and sympathetic of him
@@joshuagao1900 He's crippling ?? (Not Even) Only asking for FAIRNESS (Fairness that's not even ... even ... Rather were asking for a Small part of the pie back that was TYRANNICALLY STOLEN From us 20 Years ago & That's what U Call Crippling ... ?? Guessing U voted HILL!
I’d love to see Kevin battle the guy on his right, head to head.
when you try to argue about money with someone who actually makes money
I love the volatility. Keep a few long terms that will always climb and use the rest of the littler volatile stocks to move your money around so it works for you.
Kevin's completely correct on this. I love how the TV economists are telling the proven entrepreneur how trade works
Kevin O’Leary is the man
Wow, new respect ✊ for Mr. O’Leary
agreed, he is a real businessman he knows what the fuck he's talking about, all those analyst wannabe is all talk. the professor is too old to know shit
I always thought of him as a quick money first guy. This was a fine example of him wanting to fight, while the others were like "I need my cheap goods now, and that we should just bend over and get it up our arse like the last 35 years. "
Phi Tech you don’t know half the shit Siegel’s forgotten...clueless is what you are.
Did I hear him say he's been getting screwed by China for the last 15 years? You'd think he would not promote doing biz in China but has pushed back on Shark Tank when entrepreneurs stated they wanted to keep their goods strictly Made in the USA. He bends with the breeze but he can afford to.
Mr. O'leary is a proponent of manufacturing overseas (China) to get your production costs down.
They didn't even let him finish his sentence.
Wow shine a light on what’s under a rock and watch the slithering bugs squirm
It's going down regardless, no need to argue, already in the books and already been sign on. Get your family ready. We're in for a ride. PEACE be with you.
Squawk Box 📦 is an accurate title.
This is like two weathermen forecasters arguing about which thunderstorms last week nationwide was worse,
I think the guy at 6:50 thought his mic was off
Nah, that jackass always interjects and talks under his breath
@@srccar he is the worst
Kevin is the only one has balls on this stage...
AMERICAN BALLS - RED, WHITE & BLUE! No Pun ... Just Welcome Home O'Leary!
I'm actually proud of Kevin on this one. That Professor was an idiot talking nonsense. He doesn't know shit about business.
Bryan Shealy yep, it always nice to talking about free trade when you have tenure and can’t be fired. I’d like to see these smart people give up their protected status and preach this crap.
Kevin would like to pay the price because he doesn't really make money from Chinese market, so the trade war doesn't hurt him after all.
Mr wonderful looks EXACTLY like a Skyrim character
this was surprisingly good for cnbc
He whips out a toilet light to argue for his paper wealth? LOL
You see that little American innovation?
Go Kevin O'Learly! Amen!
I thought that was a red lollipop in his right hand
I think both sides make compelling arguments ... This definitely isn't an easy fox but I hope it gets settled correctly
CNBC chinese national Broadcasting Company
Thank you we get along with people that's why they work with us
Kevin is right 100% Big Picture.
Respect breeds respect; contempt breeds contempt. If you want to win a person over to your cause, show him that you truly care for him and that you are rooting for his success.
Great conversation. Take ‘em to the wall!
Good job sir. For explaining this to us... Sounds like the others don't have real experience... Book knowledge vs am doing it...
“Only joined in WTO in 2001”...so almost 2 decades lol
Put on some pants homie
It blows my mind what China gets away with. They will steal you blind. Take the shoes off your feet while your walking.
The Imp's Delight You obviously have not been to China.
Je s, get your eyes checked coz I am wearing shorts lol
@@alberlusconi1 I don't need to go to China to know the Chinese steal. Second a good thief doesn't steal in her own neighborhood. She goes a couple miles down the road. Fourth China steals labels from Vietnam products to put on their own garbage to avoid sanction. Don't talk to me about China sweetie your out your depth.
Gotta love people that don't do it explaining how everything works to people that do it.
you got all of daytime TV and talkshows summed up pretty well
I'm surprised in Kevin also... I thought he liked "MONEEEYYYY"....
I thought the other bald dude was another Kevin O’Leary
Kevin O'Leary use to say all the time get it made in China
Kevin had no choice but to suggest outsourcing from a practical business angle (Never that he liked it) Just there was no Incentivised alternative ... TRUMP Is giving the USA Back its alternative & Incentive ... MAGA / TRUMP 2020
@@metaldad2112 Good I will buy the first ever made flat screen TV hand wired by Admiral
@@helpAmerica1 You mean the TV That America once built & Sold in America Made By Americans ... Yeah, I'll be in that same line ... Supporting that American Built TV Where My Son has an AMERICAN Job ...
@@metaldad2112 Good luck paying 10 times & more of what you pay now.
Almost every single little thing in your TV from scratch is made in china by dirt cheap labour.
@@sedditguy1836Guy, You mean by Enslaved Raped & Beaten within inches of their lives labor ... The labor who's offspring is Killed before being born as an Infraction to the daily work pool ... Are you really suggesting we continue as we have for 30 Years (Hoping to witness change) to Condone, Enrich, Encourage, Fund, Enable such Communism to save a few bucks ~ In the few bucks we save we cost ourselves additional American Jobs & Further Enslave another Chinese Victim ~ I rather Pay a few more dollars Employee people of my own & WALK AWAY From supporting such TYRANNICAL PSYCHO-SICK SOCIETY .... Before they grow strong enough to replace their own with AMERICANS ... TRUMP 2020/ MAGA
If a trade deal with China was so important to the United-States, why didn't the USA do more to make it easier for China to agree to America's conditions? Instead, the US negotiated trade with China, on the one hand, but also sought punishment of China, on the other hand, by seeking the extradition of Huawei's CFO, Ms. Meng Wanzhou.
It's the 'ol strategic thinking (O'Leary) vs "don't-rock-the-boat" tactical thinkers who are only interested in the next week, month, quarter.
O'Lear 100% right on this one.
Mr wonderful nailed it!
These people are all in with the Chinese, except for Kevin and the other guy they didn't allow to talk ! We're up 17% ! Keep pushing President Trump ! TRUMP 2020
Possible, could, and may....Professors and Journalists live off of these words.
We should only elect business men
No we shouldn't , they make good advisors , like deregulation that cost Americans to lose everything .
Go from a broad base
Look at your boss do you really want him to run a country and if you do, do you think he would be able to handle it?
Lmao you really don’t understand how politics works, nor the business word. First of all, the business men already r the ones who do the electing. Whoever gets the most corporate backing tends to win. Secondly, CEOs typically don’t care about their employees - they do stock repurchase plans to inflate their own money and give themselves bonuses, then when they f*** it up they can just retire with a nice pension. Yeah, that’s who I want running my country. We already have a failed real estate tycoon for Prez.
the temporary loss of market cap is irrelevant. The issues must be solved while we have a strong economy. You cannot have “free trade” with state-owned businesses in China, which can operate indefinitely while losing money, because a state controlled enterprise in China never has to declare bankuptcy.
Spot on.
Totally agree with O'Leary
A TRUE AMERICAN HERO!! TRUMP 2020/MAGA
Stat checkers and number watchers vs the actual market presence. Who are you gonna believe?
The guy on the left can’t go off of every thing the news throws up at you it’s actually extremely insightful to get a guy like Kevin O’Leary on the show who actually makes the millions and has businesses and can give you a different and clearer perspective on the situation
Kevin talks like he's in charge of every trade lol
Shamelessly pulls the toilet bowl AD 6:11 😂
He's so desperate OMG. It doesn't take a genius to invent that thing. This guy list be a racist inside who thinks the chinese cannot innovate.
Is he wrong?
@john Stetson - China is already world leader in innovation get your ass out of your stunky ass. American companies sue each other all the time for copying...and British arrested so many Americans for trying to steal blue prints of machineries which Americans used to clone back in the day....Charles Dickens mocked Americans for pirating his books and called them pathetic loosers🤣🤣🤣
@@archangel7052 How much does the Chinese Army pay you to post? Blink twice if you're being forced to post against your will.
Mr Wonderful is right..100%...he needs to hook up with Miles Kwok, Kyle Bass and Steve Bannon!
Kevin O'Leary should replace Trudeau.
Still pissed when I saw that he had joined and then withdrew from the leadership contest for the Conservatives. I really thought he had something positive going for himself and I didn't want to believe it was a publicity stunt since the amount of news coverage on Canadian evening news programs wasn't that huge to justify the hassle of fundraising, doing some outreach to prospective supporters, signing up new CPC members and eventually campaigning nationwide. From what I recall he was nowhere to be seen at the leadership convention and voting... it was if he was never there in the first place - a disappointment.
I did not vote for Trump, but I believe our IP must be protected and on this issue, I am with Trump.
adam if you will watch fox and not listen to the other propaganda channels you will agree with trump on alot of things. this russia shit was made up by hillary. i remember the 2cd debate, she brought up Russia. i said, where did that come from. it was a smoke screen to protect the democrats. when you have the media lying on a daily basic, they trick 1/2 the american people because they are pushing a lie on purpose for their agenda. they are truly evil anti american.
Commie
Yeah too bad attacking all of our actual allies is going to make this trade war with China unwinnable. Maybe he should stop worrying so much about S Korea, Mexico, and the EU.
Your IP is already stolen from USA and that little nation in Middle East "idiot". Wake up idiot.
It’s knock of products, no access to their market, and the VAT that acts as a tariff that’s screwing us.
My grandma's made-in-USA Maytag washing machine is 40 years old and still works perfectly. FUCK these Chinese appliances!
Theory versus real world. O'Leary versus everyone else
It's not theory versus real world it's long term strategic thinking (O'Leary) vs "don't-rock-the-boat" tactical thinkers who are only interested in the next week, month, quarter.
O'Lear 100% right on this one.
Endure the short term loss, gain on long term. More money can be earned if IP theft is addressed.
Mr2ee :: Less about IP Theft more about Currency Manipulation ... TRUMP 2020 / MAGA
The US created laws that allow corporations to steal intellectual property from those less endowed with money. Difficult to sue a multi-billion dollar company when you are just a small business Joe. I blame the US for these poor IP laws.
All developing countries will have ip theft. The workers don't make much and will give away the ip for 20 to 100k. Americans won't because they can make 50k to 120k a year and don't need money
@@davidl2662 That's not true. Developing countries can still properly use other countries' IPs by paying royalties and can also grow. Stealing is a crime in any countries' standards including China.
@@Mr2ee If you are a worker, out of 400 people in Africa, China, Mexico and someone said "here is $50,000 to 100,000 american give us the IP... they will do it. In america they aren't going to do it cause they can make tons of money regardless.
Cable news: the place where they cut the discussion off right as it gets started.
As of 5/22/2019 market is up since this so called trade war .......
I totally agree with Keven O, the jerk on the show against him (not Siegel, I like him), the other guy, can get screwed. Kevin is correct.
Kevin always brings these low level assembled items to these interviews whether it's a toilet light or a drain stopper. It's like once he made a wheel everyone in the world has pay royalty to him for drawing a circle.
After watching this I remember why I quit watching CNBC.
Did he really just use “That’s what the Wall St Journal said” as an argument vs O’Leary who has actually experience
It’s the long game. Don’t worry about short term loss.
Vine Street yes ur right, don’t worry about short term, worry about the long term loss, which will be way bigger and painful
Did he just say "that's one product"????
Title sounds like a "Joe Schmo Wharton professor". Lol. Siegal is a legend
get em Kevin!
I agree with O'Leary 1000%
Kevin is great.
Kevin actually kneel on his dirty knees for China in his last media video.
Its so satisfying watching a billionaire argue with people that make a portion of what he makes.
Attacker 127 exactly! Lmaooo
The Chinese are laughing and thinking; "Old farts, what you gonna do!" Meanwhile having their Peking soup....
market is about short term efficient capital allocation, national strategy has longer term impact and should not be compared with market movements.
Those that can't run a business
Go and teach at wharton
Or work for cnbc
Get'em Kevin O'Leary
I wish Kevin made this much sense on Shark Tank.
CapAnson12345 he does
6:50 drops F bomb live on the air, doesn’t know his mic is hot while the guest answers
Spot on Mr. Wonderful. I am an American manufacture & fully support this.
CNBC anchors = CLOWNS.
Didn’t know Kevin had an identical twin brother.
That 1.1 trillion lost is actually some few people gains^^
what.. that's not how it works.
To make American feel better, I'd suggest China stop making anything for Americans and banning all American companies in China then there will be no complaining about anything.
@@MrBlinder514 China can only make what they steal from others. I thought Asians were all smart.
Japan can create. China can only steal, that's what good communist dogs do. No ability to think on their own like good commie
Sucker Free - Whole USA is built on copying and stealing; language copied from England, slave labors kidnaped from Africa, land robbed from Red Indian ... More recently, oil wealth rob from Iraq & Libya in the name of democracy and freedom.
@someone else /rwoosh you need to do your research and stop stereotyping.
@@OutSideTheBoxFormat hey relax buddy. Im not a dog. I work in a office making commericals i dont steal.yeah there are alot of knock offs or whatever.but dont say we are all commie dogs..u sound so angry.chill the fuck out.have a nice day and make some big bucks cheers.
Surprised the comments aren’t disabled. Mr. Wonderful schooling people.
The supply chain used to be internal!. Made in the USA
John g. even the supply chain moved out from china, they won't come back usa, the other developping countries, like india, viet nam，cambodia will be the winners.
Unless we reverse shit trade deals and loopholes. Then made in America would become a reality again
i talked with kevin o'leary for his podcast. hes genuinely insightful and obv rly clever. agree