Billionaire Bill Ackman says he recently made a $2.5 billion bet that the US economy will bounce back quickly from coronavirus
He made the bets because he sees the US making progress in its efforts to combat the coronavirus pandemic."We are all long, no shorts, betting on the country," he said, adding that the portfolio still has some cash.
"We think the country is getting to the right place on this issue," he told Bloomberg TV."I feel like the Trump administration has upped its game." Ackman also called for a 30-day federal shutdown over the coronavirus pandemic as opposed to letting individual states follow different plans. In the last few weeks, at least nine states have ordered lockdowns in an effort to keep people at home and curb the spread of the virus.
Still, Ackman said the federal government should act."Everyone does better in the event that this period is shorter than longer," he said. Ackman's Monday statements were much more optimistic than comments he made in an interview with CNBC last week, where he warned that"The investor said that he was encouraged after a call he had last week with a company working on a test for the virus. With more prevalent testing that allows healthy individuals to return to work, he thinks that the US could be poised for"a remarkable snapback.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Michael Novogratz disagrees with Bill Ackman on coronavirus 'panic' - Business InsiderCrypto exec Michael Novogratz disagrees with billionaire investor Bill Ackman's coronavirus warning, calling it a 'panic' — but they agree people need to get back to work in 4 weeks
Consulte Mais informação »
Coronavirus relief bill slows in U.S. Senate, talks continueU.S. Senate Democrats blocked a coronavirus stimulus bill from advancing on Sunday as Democratic Leader Chuck Schumer expressed concerns that the bill would benefit corporate interests at the expense of hospitals, healthcare workers, cities and states
Consulte Mais informação »
Senate GOP coronavirus bill aides U.S. transit, airports but loans not cash for airlinesA Senate Republican coronavirus stimulus package would provide financial aid to ...
Consulte Mais informação »
Senate GOP coronavirus bill aids U.S. transit, airports but loans not cash for airlinesA Senate Republican coronavirus stimulus package would provide financial aid to ...
Consulte Mais informação »
Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: MnuchinThe coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation&39;s economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin,
Consulte Mais informação »
Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: MnuchinThe coronavirus economic relief bill being finalized in Congress will include a ...
Consulte Mais informação »