The Billionaire Interview That Tanked The Stock Market

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Bill Ackman panicked about the coronavirus early on, hedging his $5.6 billion investment firm. Then he went on CNBC to tell America 'there is a tsunami coming,' and tanked the stock market.

“Hell is coming,” said Ackman, in a frenzied 28-minute interview. “Shut it down now,” he said of the economy, “There is a tsunami coming.”

“What’s scaring the American people and corporate America now is the gradual roll-out,” said Ackman, of containment and distancing measures. “Capitalism does not work in an 18-month shutdown, capitalism can work in a 30-day shutdown.” “The only shared sacrifice that is going on right now is the healthcare community, the nurses, the doctors, the people taking care of patients,” said Ackman. “The president is not saying storm the beaches of Normandy,” he said, hypothetically, of his 30-day shutdown proposal. “He’s saying go home, spend a month with your family.”“Hilton is the canary in the coal mine,” said Ackman of the hotelier, which is one of his larger holdings.

 

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I’m not big on following fear mongers. Thanks for creating panic and ruining millions if people’s lives with your nightmare. Geez.

Why did CNBC continue the interview? Guy was clearly off the rails

This Bill awkward-man always in news...

It was not a Wise decision To keep the Markets open after the First Circuit Breaker. To let it Free fall was Irresponsible. Now we all suffer . Hind sight is 20/20

What would happen to the stock market if Billionaires kids start getting kidnapped for ransom?

And he made doomsday hedges and made money from the stock market tanking. 🤔

This forgot to tell the nation not to over stock toilet paper

This is giving credit where it’s not due. Market was tanking before this blowhard short got one the air.

So tired of the left trying to tear down America. Looks like they have just about done it this time. I do not believe this was just a convenient accident. KAG2020LandslideVictory

on purpose - who asked him for interview ?!!!!

Lmao! Uncle Bill

He just wants the market to tank so he can purchase more companies and completely run them out of business.

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