EDITOR'S NOTE
Lots of fun headlines and interviews coming out of Delivering Alpha today...
Don't miss Jim Chanos's new short positions: GrubHub (he said the company makes "almost nothing per order") & DaVita.
On DaVita, the kidney dialysis company, there's an interesting Obamacare angle--and guess who's their biggest shareholder?? Berkshire! Killer quote: Chanos said it's "a very bad look for an insurance company like Berkshire Hathaway to be promoting a company that I think is running an insurance scam." Yikes.
Leon Cooperman said the Fed is "screwing the savers" by cutting interest rates again, and that the weakness in the economy is "directly attributable" to President Trump's moves on tariffs. "What we do with China, I understand makes sense. But threatening Mexico, threatening Canada, threatening Europe makes no sense," he said.
That said, Cooperman warned that if Elizabeth Warren were elected, stocks would drop 25% in value, and joked "they won't open the stock market if Elizabeth Warren is the next president."
More headlines below and on CNBC.com all day.
See you tomorrow!
Kelly
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Kamis, 19 September 2019
The Fed is "screwing savers" and new Chanos shorts
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