the show this hour, two billionaire investors in a fox business exclusive, paulson and company's john paulson and leon cooperman. both are here to to game the big federal reserve decision ahead of tomorrow's widely anticipated interest rate cut announcement. paulson, a major donald trump fundraiser. chatter is if trump wins, he will name paulson treasury secretary. how would he handle the exploding government debt? and we're going to talk about investing in this wild climate and the 2024 race with leon cooperman, so huge show today. fest, a fox -- first, a fox business alert, the dow did hit an intraday record but right now is in the red by 66 points. any gain at the close no matter how small will mark the 28th fresh peak of the year. the s&p, by the way, also spiked to a record high of 5670, that was just around 11 a.m. eastern time, right before it maybe. it has since versed and lost all of those gains and is down about 8 points -- reversed. only the russell is in the green, i think, at the moment. well, let's call it, i think, you know, the nasdaq and the russell. but to make it into the r

i'll talk to john paulson to get some input. >> you may have more thoughts broadly about the john deeref it all. >> he has defended the industrial tariff policy. >> in his words, when he describes it, he describes it more of a negotiation tactic. >>> the justice department is getting creditready to slap vis a lawsuit. we have eamon javers with more on that. >> reporter: good morning, becky. the justice department lawsuit could come today and allege that visa monopolized the credit card market. the lawsuit wit allege visa took steps from preventing rivals in the market. allegations that visa made exclusive agreements to stop expansion by competing networks and prevented tech companies from entering the market. we have to wait and see the complaint this afternoon because there could be irony here. one big tech company who made inroads with the credit card company is apple. apple was sued for monopolizing the cell phone market. the justice department had no comment when we asked them about it. >> eamon, thank you. this has been a long time in the making. what will this mean? >> reporter: i

john paulson powngdzer of paulson and company john thank you so much for coming on. appreciate it. you yesterday at the economic club event. you're so prom innocent you asked a very good question and mr. trump gave a very interesting answer and we're going to roll some tape on that and talk about it. here it comes. >> overall what do you estimate will be the impact of the fiscal deficit from your policies? >> well we just hit record highs at numbers nobody ever thought possible other 2 trillion and 2 trillion i view it as profit and many people say trade deficits don't matter i think they matter a lot. we're going to have tremendous growth. this is what i'm talking about is all about growth. the taxes relatively minor compared to the growth we're going make our money back on growth and we're going to also we're going to grow like nobody has ever grown before. larry: i thought that was fascinating, of course -- it is sent a tingle down my spine because you have growth, growth, growth, now, and so far is your question is concerned, do you think growth alone solves the fiscal problem

his treasury secretary could be, i don't know, john paulson, you know?fund guy, but he's a populist republican. i mean, he's talking about, you know, tariffs. john paulson, i think he was on your air and -- liz: yeah. >> the need to use tariffs as a weapon in trade negotiation. so what a we're talking about here is a much more populist gop that a big business is not going to be able to sway this time around. they're going to cut back on immigration which big business loves immigration because they think it increases productivity and pulls inflation down. i mean, go issue by issue. so you've seen a degree of panic, i think, and they're throwing money at it. i mean, he is really close in michigan as well right now. she has till not been able to get above 50, kamala harris, despite a very good debate performance. it's fascinating. and that's why i think you're seeing the money flow in. liz: it is fascinating, so close, this whole time. >> so close, yet so far. by the way, that sounds like a cliche that kamala harris might if say. [laughter] i'm unburdened b

less than 30 minutes away from a rare interview, john paulson will be with us on "money movers." fame for his $15 billion profit for betting against the u.s. housing bubble in 2007. the trade dubbed the greatest trade ever greg zuckerman of the "wall street journal" wrote that book. he joins us, paulson, at 11:00 a.m. eastern, to talk about the election, what's at stake and the economy and much the average rate on a 30-year mortgage falling to levels last seen in february of last year according to data from freddie mac as the fed gets ready to cut rates. here with her take on what it means for the housing economy, diane swan, kpmg chief economist. welcome back it's great to have you are these lower rates spurring activity in a way that you would think? >> you know they haven't yet we've seen it in new home sales where builders are also offering buy downs, mortgage buy downs still, and they've also moved down scale in terms of pricing to be able to tap into that pent up demand among first-time buyers we've got 12,000 millennials a day turning 35 moving into their peak home buying

big interview tomorrow, excited about not henry paulson. >> john. >> but john paulson.m on the show. >> that's a good question. i don't recall. >> that's 8:30 tomorrow? >> it will be. >> in studio? >> i believe so. >> awesome. >>> futures -- i'm going to get blamed for it. it's you. tweeted him. s&p up 5 points, dow down 10, nasdaq up 42. >> the maker of party game cards against humanity is suing elon musk's spacex if it sounds like a situation from the game it's not, it's really happening. cards against humanity asks players to associate off color items with a situation. in the lawsuit cards against humanity accuses spacex of damaging a plot of vacant land it owns in texas saying spacex covered part of the plot with construction materials and other debris without permission. they bought the plot of land in 2017 as an effort to oppose trump's efforts to build a border wall. >>> meantime, the federal had the nation's six largest banks had them perform a climate stress test on the portfolios. the banks reported data gaps and modelling challenges. and there's a new report

[applause] john paulson behind me, to your right, mr. president. >> hi, john. >> first, let me thank you for your presentation today. president trump, in the last fiscal year, the fiscal deficit under the biden administration was approximately $2 trillion. under the policies you have announced, the deficit would come down from items such as increased revenues from tariffs, as well as eliminating the tax incentives for the green new deal. these gains would be mitigated by a decreases in revenues from policies such as no tax on tips. overall, what do you estimate will be the impact of the fiscal deficit from your policy is? >> we just hit record highs at numbers nobody thought was possible. over $2 trillion, nobody thought that was a number does she go back four years, nobody thought a number like that would be possible. it's crazy. it's just horrible, actually. $2 trillion, and i view it -- a lot of people say -- a lot of people say that trade deficits don't matter. i think they matter a lot. i think they matter a lot. we are going to have

questioners today are the senior chair of solomon and cromwell, the ceo of hudson bay capital, john paulson, founder of paulson & co., and reshma saujani, founder and ceo of girls who code and moms first. we will go in alphabetical order. therefore, raj, you have the first question. >> thank you, bob and thank you, mr. president. i would like to ask about the united states economic sanctions programs. these programs have been used, as you well know, to advance our national security interests and foreign policy objectives but they also have economic implications. and the most recent was the program against russia in response to the ukrainian, the invasion of ukraine, where for once we got the support of all our allies. so my specific question is, would you strengthen or modify any of these economic sanctions programs, particularly russia, including the pipeline you mentioned? mr. trump: it is a great question. the problem with what we had was sanctions. i was a user of sanctions but i take them off as quickly as possible because ultimately it kills your dollar and kills everything the dollar

john paulson bite me to your right, mr. president. >> first let me thank you for your presentation today. former president trump, in the last fiscal year, the fiscal deficit under the burden different -- under the biden administration is approximately $2 trillion. under the plan you have enough, the deficit would come down from items such as increased revenues from tariffs as well as eliminating the tax incentives of -- for the green new deal. these gains would be mitigated by decreases in revenues from policies such as no tax on tips. overall, what do you estimate will be the impact of the fiscal deficit from your policies? pres. trump: we just hit record numbers that nobody thought possible, over $2 trillion, nobody thought that was a number -- i mean, he could go back for years and nobody thought a number neck that would be possible. it is crazy. -- nobody thought a number like that could be possible. people say it straight. people say trade deficits don't matter. i think they matter a lot. we are going to have tremendou

too late let's can wharton business school professor jeremy siegel i want you to listen to what john paulson said in a rare interview this morning about what he thinking the fed should do. >> personally, i think the fed is a little behind the curve rates are 5.25-plus, and inflation is down to the 2.5% rate, so we have almost 3% real interest i think they have seen enough data that they can start bringing rates down, and more aggressive would be better i would be for a 50 base-point cut rather than 25. >> professor, what is your take on that and the fed's calculation? >> i agree 100%, but i don't think they will. i think it will have to be a really bad retail sales report early next week for them to do 50 i agree, as you know, i've been for these aggressive cuts, but the deliberateness of jay powell is 25 basis points you know, mike, one interesting thing, it is almost incredible, the fed funds futures that reflects the june meeting next year, june 2025, is now trading at 3%. >> yeah. >> i mean, that is actually more than nine cuts under the current level. i think there's risk premium in the

tech stocks because he says that that is going to face higher taxes in terms of corporate tax john paulsons hedge fund manager on "fox business" said he is selling all stocks, if kamala harris wins because we are going to see a major sell-off in stocks not going to be good for the economy. in terms of her plans to raise taxes the way she is, why do you think so many investor people are afraid of kamala harris's policy plan. >> they said same of bill clinton, barack obama do every time democrats, going to win the reality democrats had good financial management of the country, 50 million jobs created under democratic presidents, and look i represent sell-off whoever is president silicon valley is going to do very well, because we're inventeding ai leading in quantum in cybersecurity, america leading the world ultimately it is that going to drive stock market not politicians. maria: i there i this is a concern about it is harris tim walz team on china i am glad you mentioned ai congressman an issue we are all grappling with chemo china in lead early talking with gordon chang made the point th

how is john paulson answering for it? for those guys it is humiliating every time trump opens his mouth. they just have to hide and go i just want to make sure i'm getting corporate tax cuts extended but it's shameful that the guy answers the childcare question with childcare is childcare marco rubio if anke. there wasn't even a verb in his sentence. >> eye and defend donald trump. what i could defend is the notion that there are concerns on that side there about the issue of how far do they go in terms of taxing business, about how far they go in terms of regulatory structure against business. they have not been in favor. they have worked against a lot of the mergers and acquisitions out there. >> they hate lena kohn. >> there is a long list of reasons why you would not support kamala harris on a policy basis but you are positing something else. >> of the four people who are running right now, jd vance, kamala harris, donald trump and tim walz of the four do you know who's the biggest fan of lena kohn? jd vance. >> i'm s

. >> i want to get your take on what hedge fund billionaire john paulson said to sara eisen said laste fed is a little behind the curve. rates are, you know, 5.25% plus and inflation is down to 2.5% rate. we have almost 3% real interest. i think they've seen enough data and they can start bringing rates down. i would suggest more aggr aggressively would be better. i would be for a 50-basis point cut rather than 25. >> mimi, you say it doesn't matter. he is saying we need to see 50-basis point cut. in your mind, is there an argument that the markets and the economy needs the 50-basis point cut? >> there certainly is. it's 50/50 priced in right now. what i was trying to say is you could make a case for eethither. he does point to a fairly aggressive path right now. we have ten points priced in between now and the end of 2025 for instance. i think that is a justified point given where the economy is right now and we are far above what the fed or what we would perceive as neutral. >> far above neutral. i want to talk to you about the valuation of the market. ten-year average is 18 times.

we checked in with john paulson today and i asked him for his take on the america verse economic plant is it about kamala harris' plan you think would be bad -- for america? >> i think generally higher taxes and more government spending leads to lower growth. low taxes, less government and empowering the private sector leads for greater wealth for everybody. >> reporter: as trump outlined the tax plan and his aim to lower the corporate tax rate, kamala harris offering to -- offering low interest -- will provide low-interest loans to businesses that want to expand and we will cut the red tape that can make starting and growing a small business more difficult than it needs to be. difficult than it needs to be. >> and once former president trump wraps up in new york centre they mentioned they would love to hear from kamala harris about her economic plan and offered to have her come speak about it we will sea what happens next. >> neil: voters need details about how you will bring those prices down because people have had enough of in relation. alexis think it meanwhile vp kamala harris h

john paulson was on fox business yesterday. here's what he said.tock market if kamala harris wins. >> that's a bold statement. i wouldn't go that far. bottom line is, look, earnings are going up. adam talked about energy is a great place to be at $70 a barrel, it's as cheap as it's going to be and bottom line is with low unemployment, wage growth going up, it's really hard to bet against the stock market and the economy here and we talk about this every week but the more aggressive the fed is with interest rates, more money's going to come out of money market funds, trillions of dollars that people are getting 5%. biggest risk, mark my words, is a melt they the stock market. don't wait. get invested now. maria: melt up. >> did i say melt down? maria: melt up. i want to underline it. >> it's very important people not play politics with their money. put your politics you aside because you could make an argument that if kamala comes in she's going to be stimulating which will be bullish for the economy and if you get a republican house that will keep

my friends and respected business leaders, john paulson, jamie dimon, steve schwartzman. jeff scranton. richard curtis. former head of the world bank, david malpass. and presidential transition team being inundated with calls and requests. thank you. as to after today, an economic disaster on our hands. monopoly and prices. a failing nation in syria under my former open opponent joe biden. and my new opponent kamala harris, 1.3 million workers, i don't know if anybody knows is that the typical american family, $28,000 due to rampant and record-setting inflation, credit card debt reach to the highest in history with them reporting they are maxed out their credit cards, maxed out. families now need turn an estimated 110,000 a year to afford a typical home meaning 65% of households are locked out of buying an ordinary house. gasoline prices, grocery prices. electricity prices. mortgage rates and virtually everything else are up. 30% to 100% since i left office. 8.4 million americans are working second jobs, the highest in 30 years. the real wages of african-american workers

john paulson, jamie dimon, steven witkoff, steve schwarzman , scott bessette, jeff straka, richard kurtz, former head of the world bank david now pats, and the two cochairs of a presidential transition team being inundated with phone calls and requests, linda mcmahon and howard let nick. thank you very much. as we gather today, we have an economic disaster on our hands. we have an economy in crisis. the failing nation. a nation in serious decline under the radical policies of my former opponent, joe biden. and my new opponent, kamala harris. one point 3 million workers have become unemployed in the past 12 months. i don't know if anybody knows that. the typical american family has lost over 28,000 dollars due to rampant and record-setting inflation. credit card debt has reached the highest in history, with more than one in three americans reporting they have maxed out their credit cards. they maxed out. families now need to earn an estimated $110,000 per year to afford a typical home, meaning 65% of households are locked out of buying just an ordinary house. gasoline prices, grocery pric

. >> bill: play this from john paulson, a huge money man in america. this is what he said if kamala harris wins. >> i think if harris was elected, i would pull my money from the market. i would go into cash and i would go into gold because i think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets. >> you certainly hope this is campaigning and not a self-fulfilling prophesy where people hear that and say i take my money out and the market tanks. i have kept a little cash on the sidelines in the 401k just in case. you never know. what if democrats win all three and they can do whatever they want? >> buy gold. >> she is trying to get a commercial to sell gold. >> bill: is payback coming in the middle east? hezbollah vows revenge against israel. thousands of pagers across lebanon explode. talk to dan hoffman about what went down and what comes next, former cia chief. veterans have d a lot of va benefits with their service, but the va home loan benefit is a big one. by using your benefit at newday you can bor

stuart: even, i want you to listen -- kevin, i want you to listen to john paulson.arris was elected, i would pull my money from the market. i'd go into cash and i'd go into gold. because i think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets. stuart: -- onboard with that, kevin, i think. it would be bad for the markets, a harris win, right? >> well, it depends what happens between now and election. if she came out tomorrow morning of even this afternoon and said here's my 10-point plan specifically around a taxes, around these plans she's been talking about, the housing $25,000, i was just kidding about that. that's so inflationary, it's stunning. i can't even imagine that ever being permitted in congress. even if she won more seats in the house, no one would ever do that. so these policies are crazy. i'm not that extremist. i do have gold, i do have a lot of cash sitting around because of uncertainty, but i have to invest the day after even if she is elected. and then the i have to hope, i have to cross my fingers

of discover financial services and harris supporter roger hocks child and company and founder john paulsonstocks were mixed today ahead of key jobs report. jobs data out tomorrow. the data is expected to set the stage for the federal reserve to begin cutting interest rates. the dow was down 219 today. the s&p 500 lost 17. the nasdaq was up 43. up next. the latest in the investigation into that georgia school shooting. plus, we look into claims of bias when it comes to addressing foreign election interference. ♪ why do couples choose a sleep number smart bed? i sleep great now that my side is as firm as my heart desires. my heart desires soft. sleep number does that. your ideal firmness and effortless comfort, all night. during our biggest sale of the year, save 50% on the sleep number limited edition smart bed. shop now at a sleep number store near you. ♪ >> bret: breaking tonight. users of a social media site reportedly told the fbi about threats from the georgia school shooting suspect more than a year ago. he faces murder charges after yesterday's attack that left four people dead. we a

john paulson said this morning on an interview he would go to cash but you have to think like what cash do you want? do you want gold or other currencies because the us dollar hasn't liked this harris candidacy. larry: we'll have to leave it there john carney and scott bessent. thank you, gentlemen coming up on kudlow is mr. trump going to win virginia and is jay powell getting too political for virginia governor glenn youngkin? mr. youngkin is coming on and he wants to do fed watching and who am i to say no. remember folks right here you can catch kudlow monday through friday at 4:00 p.m. on fabulous fox business and if for some reason you can't catch us at 4:00 please text your favorite 9-year-old and she will show you how to dvr the show and you will never miss a fed something or other, it's a mystery on kudlow, no mystery here. we'll be right back. (♪) (♪) (♪) (♪) voltaren... for long lasting arthritis pain relief. (♪) (luke) homes-dot-com is a new, elevated home-shopping experience. beautiful design, tremendously rich content, and, my favorite touch, it's the only site that always

john paulson says he will pull his money out. put it in cash and gold if kamala harris wins. >> steve: one thing about people sitting on their money. suddenly the federal reserve cuts interest rates by half a point. suddenly a number of my my friends and people in my family thinking about buying a house because the rates are going down. i have heard people in the last 24 hours talk about, you know, it looks like the fact that federal reserve cut the interest rates 50 days before an election looks like they are trying to help somebody. >> ainsley: i talked to one person because the interest rates went up. she was trying to buy a house and didn't get the application n time. so when the rates went up. she was go to have to pay that they ended up not even doing it because it was going to add like 1,000 more dollars to their mortgage payment. so spoiled under donald trump. mortgage rates were 2.44%. >> lawrence: consequences. to another fox news alert. assassination plot against israeli prime minister benjamin netanyahu foiled earlier

the goal john paulson said that this morning on in an interview he would go to cash think what what catchykable or the currencies. because the u.s. dollar is not like this harris candidacy. larry: we have to leave it there, thank you gentlemen appreciate it coming appearance kudlow is mr. trump when virginia and is j powell getting to political for virginia governor glenn youngman and he's going to come on anyone to do something watching my just say no member folks right here you can catch kudlow monday through friday at 4:00 p.m. on fabulous foxbusiness for some reason you can catch us, text your favorite nine -year-old and she will show you how to dvr the show and you will never miss and is a mys mystery, and i am kudlow, no mystery here, we will be right back. centrum silver is clinically proven to support memory in older adults. so you can keep saying... you mastered it! you fixed it! you nailed it! you did it! with centrum silver. clinically proven to support memory in older adults. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do

young people can't buy houses and john paulson was on the liz claman show on fox business, is he a billionairege fund manager. is he supporting trump. he has given trump a lot of money because he says if kamala harris wins, our economy is in trouble, in fact, he will pull his money from the markets. listen to this. >> i think if harris was elected i would pull my money from the market. i gold into cash. and i would go into gold. because i think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets. >> brian: unrealized gains? >> steve: is he talking about there is so much uncertainty if she is elected because to the point that we have been talking about for months now, we just don't know enough about her plans. she talks about an opportunity economy. how does that impact stuff stuff like inflation you don't know the devices she is going to use to bring it down. it's interesting though. liz claman said mr. paulison, some people in the past who pulled their money out, if barack obama is elected for trump is elected or joe biden is elected and they too

market it's not right now >> and do not miss cnbc's first ever interview with billionaire investor john paulson, who bet against the u.s. housing market during the financial crisis. that's friday, 11:15 eastern time right here on cnbc. >>> coming up, shares of nvidia bouncing back. what jensen huang said about spending and chip delays, next >>> plus, some heavy hitting new data for novo nordisk. don't go anywhere. "fast money" is back in two. >>> this is "fast money" with melissa lee right here on cnbc let's say you're deep in a show or a game or the game. on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? >>> nvidia stock soaring 8% today. jensen huang speaking this m morning and spoke about when the new blackwell chip will be rolled out seema mody has more on what he had to say in conversation with goldman sachs' ceo david sol low man. seema? >> melissa, jensen huang said the cost benefits of artificial intelligence will in

he's going to be -- liz: he says no, and john paulson, his big finance adviser, was right here in thatd us tariffs will not increase prices. i mean, you worked for many, many years at merrill lynch. you are a business head. you understand how these things work. kind of explain if why you say that they will raise prices. >> because, number one, you've got -- somebody's got to the pay that tax. usually it's the company in the united states that's actually paying that tax that. and then that -- they can decide then how they want to handle that. they don't have to buy those products, and the reason why there's -- if they do, i think if paulson is saying it's not going to have an impact on inflation, he thinks that's going to be a detriment to actually buying those, buying the actual products. the reality is the price is going to go up. they're paying more for it, somebody's going to absorb that price. so if the company pays for it in the united states, they're going to distribute that product if at a higher price to their can customers, than increasing the prices. liz: right. so that looks

we've got vivek ramaswamy so trump advisor john paulson is going to visit.

ambassador woody johnson senior adviser stephen miller my friends and respected business leaders all john paulson, jamie dimon steve witkoff steve schwarzman, scott passant jeff sprecher richard kurtz former head of the world bank, david malpass and the two co-chairs of my presidential transition team that are being inundated with phone calls and requests linda mcmahon and howard lutnick. >> thank you thank you very much as we gather today, we have an eco an economic disaster on our hands we have an economy in crisis a failing nation, a nation in serious decline under the radical policies of my former opponent, joe biden and my new opponent kamala harris 1.3 million workers have become unemployed in the past 12 months. >> i don't know if anybody knows that the typical american family has lost over $28,000 due to rampant and record setting inflation credit card debt has reached the highest in history with more than one in three americans reporting they have maxed out their credit cards. they've maxed out families now need to earn an estimated $110,000 a year to afford atypical home. meaning 65% of

john paulson -- >> you can stop there. >> john paulson, if he were here, he would -- he makes an interesting don't know about that, but the defense industry, in general, we average about 2% on imported industrial tariff of 2% and it is just much higher from everyone else. we are definitely -- >> not everyone else, most of the advanced economies have pretty similar tariffs with us. these are our close allies. we're going to put 20% tariff on -- >> not 20. how would you -- in 2022, we had a record for the trade deficit, 1.2 trillion and we had a one-month record in july of 103 billion. there is a -- there is a problem. >> but tariffs won't do anything about it. first of all, we'll do tariffs on them, they'll do tariffs on us and adjust. statistically there is no relationship whatsoever between the level of tariffs and the trade deficit. what tariffs affect is the volume of trade. we'll end up with less imports, which hurts our consumers, and we'll end up with less exports, which hurts our workers in those industries. it just shrinks all of this trade, it isn't going to rebalance it. >> it must

going to keep on going and thank you for the work with the veterans academy in the presidio in the john paulsons committee with homeless veterans and working to make sure we had working similarities for them to get to the third and the second and third floor that was no small feat and michael's work extends beyond san francisco we co-founded fortunate veterans and the association for the agencies. and served on numerous weeks and commissions including the congressional on service members and transition assistance and the california senate on homelessness veterans the san francisco mayors planning committee and national agent orange information center and the veterans speakers alliance and on care. and michael's leadership shaped the policies on veterans from access to va services to addressing the needs of homeless veterans and thank you, he's helped so many children - vets don't know how to fill out the forms including myself helping my dad and not knowing who to turn to you turned to minimum for that help and michael's service in the u.s. arm in vietnam impressive him a place and in addition

we'll have a rare interview with famed investor john paulson, who is a trump supporter. >> yes >> a donorill be good to get his thoughts under what an economy would look like under donald trump, under kamala harris, as he sees it of course, i mean, his views on the market, housing, don't get to talk to him that much so i'm looking forward to that one. >> he runs his own money, i believe. >> paulson and company. >> he obviously had the greatest trade and then raised an enormous amount of money as i point out with so many others, no offense to him, i think he lost more money than he made for investors over time >> it was a huge trade and then he raised all the money during that period and then his performance wasn't that good same thing happened to julian robertson. you can go through all of these names of incredibly famed investors. it is interesting to measure over time whether, again, did they lose more money they made over the course of their career. when you're losing on $30 or $40 billion, it's a lot bigger number. >> part of it has been -- he's a distressed investor and there hasn't

john paulson tomorrow. make sure you join us. "squawk on the street" coming up right now. ♪ >>> good monday morning. welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen. cramer has the morning off. premarket is mixed coming off friday's record dow close and back-to-back positive weeks for the nasdaq. lots of fed speak and macro the next few days, including pce, ten-year, 3.76%. our road map begins with a big week ahead for investors. 16 fed speakers and a barrage of data, including gdp on deck. >>> plus, intel shares are on the move a bit after qualcomm did approach the company about a potential takeover. >>> and ftc chair lina khan warning that a kr kroger-albertson's merger could increase grocery costs. >>> let's begin with the markets after a week which saw record highs for stocks, actually turning into a not-bad september. we talked a lot about seasonal weakness coming into the month, but right now, it is the best september since 2019. >> i guess not all septembers include a double jumbo-sized

we spoke to john paulson on friday. he thinks is atstake here. huge for the economy. he did say he thinks the fed should go big. listen to this comment. >> firstly, i think the fed is a little behind the curve. you know, rates are, you know, 5.25 plus and inflation is down to the 2.5% rate. we have almost 3% real interest. i think they've seen enough data and they can start bringing rates down. i would suggest more aggressively would be better so i would be for a 50 basis point cut rather than 25. >> i think my biggest question if they go 25, if they don't have the votes to go double because the economy looks okay, then would we see financial conditions tighten. >> at this point, that would be a surprise because the market has tilted in favor of the 50 basis point cut and that would go against what they're trying to do, right. >> yes. although you mentioned the dudley piece, the last line is a bigger move now makes it easier for the fed to align its projections with market expectations. the market has opened the door to

>> he was sitting with john paulson. front row. >> in the front row. were you there? >> i was not. i saw him across the way. i didn't see elon musk. >> you know who he was with? >> sazlav. >> the other side? >> bobby kodek. >> i have no words. fine, it's tennis. david had a grizly old greybeard. you know what? i was in telluride and i didn't shave immediately. i was like the guy on "seinfeld." when it came back, he realized he was bald. >> was your beard gray? >> yes. it was white. it happens. >> elon had been -- >> let me ask you this -- >> i was going to say elon had actually sat with saz at the opening ceremony in the olympics. >> were you throwing the ball -- were you that close where they were bouncing up to where your seat was? >> we were close, but not -- >> we? the fam? >> my son. >> that's good. the tickets? finals? >> let's talk about sources here. >> did you have to borrow the mo mo money? >>> sources telling cnbc that norfolk southern's ceo alan shaw is being investigated for a workplace relationship. norfolk southern added it hired outside legal counsel to investigate

. >> we had john paulson on the broadcast a couple days ago earlier this week and at the end i made a mike pence, and he said -- not that he didn't want to talk about it, brushed it aside as a separate matter. here we are talking about policy, right. we're having real policy conversations. >> the underpinning the guy -- >> but my question how much do you think as ceos who are watching this program, just a voter, is i still at that point i think he really did believe it had been stolen. i don't know if he believes it anymore. >> i remember -- >> you know in the past there have been democrats that have voted no the to certify. >> yeah. that's fine. >> plane times. >> but -- >> previous elections. >> none of them called their vice president a -- and said don't certify the election. there's the only one to do that. >> he got stormy daniels. there's a lot of -- >> i don't care about his character. i don't care about what had does in his personal life. i could care less. you have to live up to your oath of office as the of the united states. you cannot trust donald trump would do that. talk

you hear people from joseph stiglitz to john paulson saying they think the fed should cut 50 basis pointsa political argument made from the projection from the right and the left. >> we pin it so quickly and in july, we have one bad number and immediately people were talking soft landing off the table and going with the "r" word again. we are there already. >> all of these stupid rules and waiting for the inverted yield curve forever. how long was the yield curve inverted? so much longer -- eventually we will have a recession again. >> michelle took the possibility of recession off the table. that's aggressive. never? >> she is going back and forth. >> no, you need time and there's always one coming, it seems. eventually. >>> coming up, new deadtails on florida evnven entrepreneur looking for a stake in jetblue. >>> and after the break, what's next for red lobster? that's coming up next. ♪ ♪ ♪ is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform

the sense we have a long way to go then you hear from john paulson 2%. but nonetheless you talking but a neutral rate but no one knows anything about. maybe is this what we are seeing right now and it suddenly seen as something closer to zero as we heard from ed talking about where the destination could be. that is where we need to focus, that is where we are getting no clarity from fed officials and what they want to dress at 11:00. jonathan: the quiet period starts tomorrow. lisa mentioned the fed speakers go through the times a: 45 eastern time. the fed president taking -- will see if anything out of that speaks to jobs number we had and lisa mentioned the governor at 11:00 a.m. eastern time. the last big fed governor set to speak before the quiet period kicks in. let's have a set up for the day ahead. this is the price action if you're joining us. equity futures pulling back weaker on the s&p 500 stocks are lower, bonds are being bought. we see that all week, yields are lower by three basis points. in foreign-exchange, another day of strength for the

and on the other side of the stadium was ted cruz, sitting next to john paulson, the hedge fund managerat cabinet if he were to win. there was a lot of people watching who was on the court? >> leon musk. >> didn't he call him leon musk? >> oh, he did. >> cnbc's andrew ross sorkin -- >> andrew, other than the drinks, and then we're going to go, because we have to go -- >> we have to go. >> i want to ask you about the economics of tennis. the u.s. open makes a ton of money, as does wimbledon, the french open, but isn't tennis struggling a bit in places where you can't charge $23 a drink. >> that is true. the grand slams do enormously well at wimbledon, france, australia. but the rest of the year, it's a real conundrum, because, you know, the players are all focused on those four events. there's not really enough money, unfortunately, to go around, especially to some of the players who are not in that top 10, top 20 slot. so there's real questions right now about what the future of tennis is ultimately going to look like. there's, you know, questions should a lot of these -- and also, ther

she tried saw paulson but very kevin shotuko. good. the next step john hope looks like to the so, but it's jody on. there's not a manual that bodies before halted as you can, but you only have one for the whole dish on a muscle sleep. okay, pull. just give us a shot. a call one for the to the volume tardy. sneak, i want to know you about to you to talk head body. then he says that has a rocket to hop on go you shot stuff has all the stuff i've talked has autumn. a u . v don't need to be referred to in china. is that some sort of ocean and zeta is stuck the how to find the rose dodie mall that i'm about under the side of them. don't need all of that on the done. get your money if the phone is that's, i mean, if it's been done, has that i'm logged in and you need a dog title. done. nobody's in the charlotte. the other 5 that inside a whole week and was told he was extra then the there was no government really commissioning them to make phones anymore, but they continued to sell me all the way up until 96. thank. and at a certain point, i think their projec