[13], On the PRISM surveillance program and Edward Snowden situation, Sorkin said, "I would arrest him and now I'd almost arrest Glenn Greenwald, the journalist who seems to be out there, he wants to help him get to Ecuador. Data is a real-time snapshot *Data is delayed at least 15 minutes. How do we reduce the amount of open notional risk that we have? In addition to that, Andrew is a co-creator of the Showtime drama series Billions, which stars Damien Lewis and Paul Giamatti. Her mother is the senior fashion editor at Womens Wear Daily and the associate fashion editor of W magazine, both in New York. A post shared by Andrew Ross Sorkin (@sorkinsays). He is financial columnist for The New York Times and a co-anchor of CNBCs Squawk Box. Some of that has clearly been true. Search instead in. And if I look, for example, at our profitability decomposition, it very clearly appears that over the last couple months, our portfolio managers have successfully traded their position, given the unfolding trade battle that's taking place around the world. KENNETH GRIFFIN: We are -- we are very hesitant to find ourself in the activist role. ANDREW ROSS SORKIN: By the way, talking about competition, you've talked about breaking up the banks before. So I really want my portfolio managers -- I want no position to be so large in their portfolio that they're emotionally invested in the outcome. He also had decided to request some extra collateral from the firm out of fear it might fall. Image via Showtime. Copyright 2023 Market Realist. "And for Morgan Stanley filing." The book was released on October 20, 2009, by Viking Press. KENNETH GRIFFIN: All right. WebAndrew Ross Sorkin was born on 19 February 1977. WebAndrew Ross Sorkin is The New York Times's chief mergers and acquisitions reporter and a columnist. Copyright 2021 Pinoria, All rights Reserved. Given the conversations that we've had thus far this morning. The Law Office of Gretchen J. Kenney assists clients with Elder Law, including Long-Term Care Planning for Medi-Cal and Veterans Pension (Aid & Attendance) Benefits, Estate Planning, Probate, Trust Administration, and Conservatorships in the San Francisco Bay Area. I don't care. It was his ultimate doomsday scenario. ANDREW ROSS SORKIN: Then you can't be happy about how it's all going. Featuring more live original programming than any other news streaming network, viewers get the days headlines, world-class reporting and breaking news from the countrys most-trusted journalists. Along with Brian Koppelman and David Levien, Sorkin is a co-creator of the Showtime series Billions, an American television drama series starring Paul Giamatti and Damian Lewis. Dimon hastened to disabuse them of the notion. He is also the founder and editor of DealBook, a financial news service published by The New York Times. Ross is the author of Too Big to Fail: Inside the Battle to Save Wall Street, a non-fiction book chronicling the events of the 2008 financial crisis and the collapse of Lehman Brothers from the point of view of Wall Street CEOs and the US government regulators. It requires a commitment of capital for a duration and a set of ancillary knock-on effects that we question whether it's worth it to buy. A significant source of competitive advantage for us, some of the pipeline infrastructure that we manage. The show premiered in January 2016. And we were willing to use a series of policies to help the world regain its footing. And when you're emotionally married to an investment, you lose the judgment rationality that defines successful investors. ANDREW ROSS SORKIN: It's a remarkable thing. Got a confidential news tip? And that's just atypically low, given how low unemployment rates are. CNBC Anchor, Acclaimed Journalist and Best-Selling Author to Host & Produce Series. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright 2021, Pinoria.com. ANDREW ROSS SORKIN: We are at WeWorks headquarters. But this is not where we want to be for a prolonged period of time. Well, I mean, I will give you the throwaway answer. The three-bedroom, three-bathroom unit has 10-foot ceilings, an eat-in kitchen, and a living room with built-in bookshelves was designed by architect Emery Roth, known for the iconic luxury Beresford building in the same neighborhood. In July 2011, Sorkin became a co-anchor of Squawk Box (M-F, 6 AM-9 AM ET), CNBCs signature morning program. KENNETH GRIFFIN: No, there's not. So if you're 22 years old, you're graduating from MIT with a degree in computer science, it's going to be us versus Deepmind, which is part of Google. And we are with Marcelo Claure. Get this delivered to your inbox, and more info about our products and services. Sorkin is the award-winning chief mergers and acquisitions reporter for The New York Times, where he also writes a column and serves as assistant editor of business and finance news. There appears to be the continued flexibility for the Fed to maintain the accommodative monetary policy, even though unemployment is so stunningly low. And I do hope that the President's able to land a success with a Mexico, with Europe, with China, to help to set the marker for what the U.S. views as an equitable outcome that will drive closure with our other trading counter-parties. Basically, colobomas are missing pieces of tissue in the structure of one or both eyes. I don't have a single portfolio manager who has told me we should buy crypto. So one of the great parts of the United States, and this has been under attack for the last couple of years, has been a willingness of the country, whether it's with your credit card or with venture capital, to go out and start a new business. How do they do it? ET. The series is loosely based on crusading federal prosecutor of financial crimes Preet Bharara, the former U.S. Attorney for the Southern District of New York. [16] In March 2006, Sorkin introduced a companion website published on The New York Times, with updated news and original analysis throughout the day. Andrew was born on February 19, 1977, in New York City, U.S. The cast included William Hurt as Hank Paulson, the Treasury Secretary; Paul Giamatti as Ben Bernanke, the chairman of the Federal Reserve; Billy Crudup as Timothy Geithner, the then-president of the New York Federal Reserve Bank; James Woods as Richard Fuld, the CEO of Lehman Brothers; Edward Asner as Warren Buffett, the CEO of Berkshire Hathaway; Cynthia Nixon as Michele Davis, assistant secretary for public affairs at Treasury; Bill Pullman as Jamie Dimon, CEO of JPMorgan Chase; as well as Topher Grace as Jim Wilkinson, Chief of Staff to the Treasury Secretary. Feel free to leave a comment on my Facebook page or find me on Twitter if you prefer. KENNETH GRIFFIN: I think that specialization in computer science has increased materially over the last 20 years. And I have a hard time finding myself wanting to be in the position of being a liquidity provider for a product that I don't believe in. ANDREW ROSS SORKIN: We have a lot to talk about, and I want to talk about the way you're thinking about the markets, I want to talk about the way you're thinking about policy and its relation to the markets, and I really want to talk to you about where you think the financial services business and world and Citadel is going. In fact, he started writing for theTimesin 1995, even before he had graduated from high school, according tohis CNBC bio. He is also the founder and editor of DealBook, a financial news service published by The New York Times. Sorkin has reported on numerous significant mergers and acquisitions throughout the years, such as Chases takeover of J.P. Morgan and Hewlett-acquisition Packards of Compaq. If you're looking for my bio or to download a photo, you can find them here. ANDREW ROSS SORKIN: Let me walk through some of the other headlines. So we don't want a complex derivatives portfolio in an environment where you're just more unstable. NBC News NOWis the fastest-growing streaming news network in the U.S. and the most widely distributed U.S. streaming news network in the U.K. He also oversaw The Times coverage of Vodafones $183 billion hostile acquisition offer for Mannesmann, the largest takeover in history. And I'll give you, this morning the big headline was Google -- Alphabet, Google's parent, is being fined $5 billion. It was also adapted in 2011 for the HBO television movie Too Big to Fail. All rights reserved. [16] DealBook was one of the first financial news aggregation services on the Internet. ANDREW ROSS SORKIN: I mean, investment perspective, what are the one, two, or three things that have worked the best for you in the past year, right now? Ross has a coloboma in his eye. I have coloboma in my left eye. I still believe that real estate should be -- obviously, it's your home. It's often a leading indicator of a recession. Following are links to the video of the interview on CNBC.com:https://www.cnbc.com/video/2018/07/18/citadels-ken-griffin-trump-unquestionably-has-the-right-mission-on-trade.htmland https://www.cnbc.com/video/2018/07/18/citadels-ken-griffin-competition-creates-value-for-consumers.html. And Italy leaving the EU would be much more than a speed bump; it would be catastrophic. In 2000, Sorkin became the paper's chief mergers and acquisitions reporter, based in New York, a position he still holds. KENNETH GRIFFIN: I mean, for choice, I think a larger number of banks creates more competition. He is also a financial columnist for The New York Times and the editor-at-large of DealBook, a news site he founded that is published by The Times. WebOn this weeks episode of Stay Tuned, Because More, Preet answers listener questions about the guilty verdict in the murder trial of former Minneapolis police officer Derek Chauvin. KENNETH GRIFFIN: You should just -- you should ask yourself, if this -- if this is a heavily traded option name, there's some material chance the position, if disproportionately large, is related to our options market making. Save my name, email, and website in this browser for the next time I comment. Sorkin stands at an average height of 6 feet 3 inches. From Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System--And Themselves. He is also a co-creator of the Showtime series Billions. You need to remember, the United States got out of World War II economically intact as compared to the rest of the world. He is the Executive Chairman of WeWork. Our economy's so large, so strong. https://www.cnbc.com/video/2018/07/18/citadels-ken-griffin-trump-unquestionably-has-the-right-mission-on-trade.html, https://www.cnbc.com/video/2018/07/18/citadels-ken-griffin-competition-creates-value-for-consumers.html. All Rights Reserved. Streamline your workflow with our best-in-class digital asset management system. There's very few businesses that are natural network effect businesses like eBay, or the more people who use it, the more valuable it becomes. March 9, 2022 Acclaimed journalist, best-selling author and CNBC anchor Andrew Ross Sorkin will host and produce a limited original series for NBC News Since launching in 2019, NBC News NOW has seen substantial growth, reaching record viewership in 2021 with an average of 60 million views and more than 20 million hours watched each month. In a period of less than eighteen months, Wall Street had gone from celebrating its most profitable age to finding itself on the brink of an epochal devastation. Their counter-party risk management is much better, and there's a huge sea change that took place in many products, which is the rise of central clearing. These days, when you wake up in the morning and you see headlines about trade or you see headlines about President Trump in Helsinki talking about Putin, or you see headlines from Jerome Powell about interest rates, when you wake up and you get either on the phone with your team or you're sitting around in an office with them, what are you telling them? There's enough excess capacity amongst our contemporaries that if we weren't there, the market would clearly function and function in a competitive manner. It's been the economic powerhouse of America. We'll see that play out this year. KENNETH GRIFFIN: Let me be clear, there are at least 100 funds that we're looking at, and we're thinking about: What do they do? Colobomas are sometimes accompanied by other eye conditions, including microphthalmia (abnormally small eyeballs), cataracts, glaucoma, myopia, nystagmus, or retinal detachment. But I'm not sure when I look through your holdings that that's actually where you have convictions since I -- I imagine that some of those positions are not decisions you have actually made. Fitness Guru, Austin Alexander Burridge, Reviews 5 Ways to Improve the Quality of Workouts, The best Vegan protein Shakes in 2023 and its health benefits Tried and Tested. Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Ken Griffin, Citadel Founder and CEO, live from the CNBC Institutional Investor Delivering Alpha Conference in New York City on Wednesday, July 18th. How it 's often a leading indicator of a recession and website in this browser for the time! Graduated from high school, according tohis cnbc bio the book was released on 20., 6 AM-9 AM ET ), CNBCs signature morning program about competition, you lose the judgment that... He is also the founder and editor of DealBook, a financial news service published by the New York and. 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