we'll be back with paul tudor jones.jects in the world, in the "silver state" of nevada. with a maiden resource estimate just announced, the focus now is on further expansion. blackrock silver. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> welcome back to "squawk box. i am live ahead of the jpmorgan, robinhood conference that kicks off here in new york tomorrow. joining us is paul tudor jones he's the founder of robin hood foundation good to see you this morning. >> good to see you >> we've all been trying to make sense of this market, this economy. trying to understand what the federal reserve is going to do we're seeing what's happening in europe and issues in ukraine, russia, comments by president putin. i want to put it all into the mix as a macro trader. you're going to b

coming back to the bigger picture, of course, paul tudor jones was a guest on "squawk box.ou saw him being interviewed by andrew if you've been watching at all for the last half hour or so here's what he had to say about inflation. >> the fed reserve board is fighting something it hasn't seen, really, in almost four decades, which is inflation. and inflation's -- it's a bit like toothpaste. once you get it out of the tube, it's hard to get it back in, right? and so the fed is -- the fed is furiously, right now, trying to wash that taste out of their mouth. >> well, david, they have mouthwash, and it's called rate hikes, and the consumer's now strapped i gave you that number, back to august 2008. we simply don't have a portfolio in the country >> i want to stop on this consumer strapped thing, because we were sitting here with carl on friday talking about savings rates still being high what number are you working with >> i'm using the federal reserve numbers from the tremendous st. louis fed, which is talking about $555 billion in savings, lowest since august of 2009. happen

spoke a couple of days ago to a portfolio manager at the macro hedge fund founded and run by paul tudor jones she put into per -- perspective. >> if something were to happen to taiwan so they would be fully compromised, the economic impact would probably be pale in comparison to what we have seen with covid. >> i just want to repeat what she said. relative to covid and remember what covid was, a terrible shock to the world economy and not to mention world health such that it required central-bank and fiscal stimulus the likes of which we had never ever seen before. this would be nine times worse in her mind. think about that for a moment. >> bringing this good news, eric. [laughter] ever since the first new economy forum, we have been talking about this theme of bifurcated economies, the decoupling of the two biggest economies in the world, the pulling apart of the realms of tech between china and the u.s.. the other peripheral risks are so much higher now. >> they certainly are and we have to think as well about how china might retaliate if the united states continues to pursue policies of t

market the nasdaq under performing off session lows we are starting the week on another note paul tudor jones joined squawk earlier this morning talking about the potential for a massive rally haahead. >> when we get into the recession, there will be a point that the fed stops hiking, there will be a point when it starts to either slow down or even at some point, it will reverse those, and when that happens, you'll have just a massive rally in a variety of beaten down inflation trades >> here to discuss asset management chief market strategist, daniel morris. thanks for being with us today what do you do in this kind of environment if you think we might be close to lows do you pick up the names and wait for what ptd calls the massive rally eventually >> you wish you could fast forward to the rally, and not have to go through between now and then certainly that will happen, if you think of how markets react at the end of the sessions those were the greatest opportunities, march 2009. i fear we're probably not there yet, but if you think about particularly tech stocks and growth stocks, we've h

but if you talk to paul tudor jones his belief esg done properly makes money.ays. he is the billionaire. >> jamie dimon said most investors don't give a you know what about esg. he did say that in that same speech. we can debate whether it works or not. i will say this, this is politicized, when jamie dimon a liberal democrat says it has been politicized you know it has been politicized. liz: charlie, thank you very much. mr. gasparino could not make it into the studio. we need him here in studio so i can fight with him. closing bell, we're four minutes away. take a look at the markets. the nasdaq, really extended the muscle here up 3.3%. russell up 3%. s&p up 6%. the dow up 1.9%. folks can we rewind a few minutes ago? we had dragonfly ceo dennis ferris on. we did an interview with lithium manufacturer. it was up nine percent. it surged up 27% before being halted for volatility. the stock is still paused. we want to let you know that. draganfly energy, lithium-ion battery company is now halted, up 27% before that happened. >>> goldman sachs set to report earnin

when wyou heard first from ray going from cash is king and paul tudor jones said he would listen and say cash is the place to be. jamie dimon said in the comments with liquidity if you need money, go out and raise it now liquidity is getting sucked out of the room. >> if you are watching this morning and for so long, we have always generally prevailing view, not we, squawk, but public folks in the world of finance and you have a portfolio and when things are down, not always the right time to sell them or raise cash if you really do think the market is going to drop another 20%, potentially be disorderly, then there will be lots of other opportunities. is there an upside scenario in this moment that somebody would say is actually a higher probability? a 50/50 probability that's the case i wonder about that. >> i trust in jamie's instincts and read on the financial markets in terms of liquidity and operating smooth i i think he understands that better than anybody. i think the 20% drop is not same this is where risk assessment kicks into high gear you worry if you have enough liquidit

and they're wasting hundreds of billions of dollars because they were too -- >> did you see paul tudor jonesup in their faces. he's saying, $25 an hour for everyone in the country because we take polls of people in the country and they say people should get a decent wage what about the people that don't have any job when $25 is not competitive with all the other competitors? all these feel-good social things sound good on paper, but they may not work. it's like almost a wage control. we don't hear any of that. it's just all happy talk >> i think when the economy goes through what it's going through now, we get a chance to see what's real and happy talk you're seeing some messes out there right now. >> let me ask you, though, about this, which is you may think it's happy talk or not happy talk there are pension funds -- i would say the last four, five years, pension funds, specifically in europe, but oftentimes in the u.s. and other investors who said i want to put my money behind these companies that we're -- maybe it's virtue signaling, maybe it's not. there's real economics behind that we