<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[Bill Ackman: ‘I really blame CNBC’ for ‘Hell is coming’ controversy]]></title>
        <atom:link href="https://usagag.com/2020/07/22/bill-ackman-i-really-blame-cnbc-for-hell-is-coming-controversy/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/07/22/bill-ackman-i-really-blame-cnbc-for-hell-is-coming-controversy/</link>
        <lastBuildDate>Wed, 22 Jul 2020 18:35:46 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/07/bill-ackman-i-really-blame-cnbc-for-hell-is-coming-controversy.jpg" medium="image">
            <media:title type="html">Bill Ackman: ‘I really blame CNBC’ for ‘Hell is coming’ controversy</media:title>
        </media:content>
        <content:encoded><![CDATA[<p>Bill Ackman lashed out at CNBC on Wednesday after anchors prodded him about his controversial appearance on the cable network this spring during the early days of the coronavirus.</p><p>On March 18, the 54-year-old hedge fund manager appeared to be fighting back tears on CNBC, fretting about his father&#8217;s health amid the pandemic. Ackman <strong>warned that &#8220;Hell is coming,&#8221;</strong> just hours after he had pleaded with President Trump on Twitter to shut down the country for 30 days.</p><p>That afternoon, the Dow Jones Industrial Average sank 6.3 percent, or more than 1,300 points, with some investors blaming Ackman&#8217;s gloom-and-doom speech.</p><p>A week later, however, it was revealed that Ackman had made a huge, lucrative bet against the credit markets,<strong> bagging a $2.6 billion windfall</strong> on a $27 million investment. Critics pounced, accusing Ackman of rattling Wall Street and profiting in the process.</p><p>&#8220;I really blame CNBC,&#8221; Ackman said Wednesday when pressed about the timing of his massive short bet against the markets, and whether he had closed out his lucrative position before he did the interview.</p><p>Insisting that he had, in fact, closed out his bet before his &#8220;Hell is coming&#8221; comments, Ackman went on to complain that CNBC had replayed the emotional clip from his 20-minute interview incessantly, despite the fact he had also said he was buying shares in companies like Hilton Hotels amid the tumult.</p><p>“It took 15 seconds of my interview and then went around scaring people because it was good television,&#8221; Ackman griped. “I gave a very bullish message. I said I was buying stocks.”</p><p>Ackman also said Wednesday he is now bullish on shares of US companies with the exception of those that are highly indebted.</p><p>“We are not short any stocks,&#8221; Ackman said. &#8220;We are obviously bullish on America.”</p><p>Ackman did his March 18 CNBC appearance just hours after firing off a tweetstorm addressed to President Trump, in which he pleaded with the commander-in-chief to shut down the country for 30 days to prevent the spread of the pandemic.</p><p>Despite the controversy, Ackman&#8217;s shrewd bet against the credit markets has helped him rebuild his reputation on Wall Street. On Wednesday, his <strong>new blank-check company</strong>, Pershing Square Tontine Holdings, was trading up 8 percent after raising a record $4 billion.</p>]]></content:encoded>
                <dc:creator><![CDATA[USAGAG]]></dc:creator>
            </channel>
</rss><!--Time: 0.063442945480347-->