Billionaire Barry Diller calls stock market 'great speculation,' urges everyone to save cash

"Each day from now until November is going to get more and more concerning, and more and more decisive, and more and more difficult," said Diller, a longtime Democratic donor who has contributed more than $600,000 this year to the Biden Victory Fund,"I actually think if I could wake up in mid-November, maybe it's even late November given what might be contested, I would rub that magic genie," added Diller, the former CEO of Fox and Paramount Pictures.

"As far as business is concerned, I don't think long term there's going to be any particular difference" between Trump and Biden, said Diller. "I think there will be differences personally. I think people are going to pay higher taxes, particularly the wealthy. I think there are going to be things that are going to be done, really done, to deal with inequality."

"I think other things will happen, I do not think they are — let's call it — a big damper on business," he argued, suggesting new regulations on large technology companies will be implemented under both a second Trump term or a Biden White House.

Cheap fed money + constant pumping regardless of warning signs = ?

I will sell when Ray Dalio says again 'Cash is Trash'

Fed Funds rate .25%, Prime rate 3.25%, Mortgage rate 3.07%, Credit Cards 12-27% ! Lower CC Rates to 5-10% and give an instant stimulus to the country! It would not cost the tax payers anything. That’s REAL STIMULUS! Help the working class!

Cash is trash, they keep printing and it won’t be worth anything.

Thrilled that Chair Powell and active investors are keeping The Stock Market soaring for the most part. Wish someone were showing leadership and financial support for the rest of the population. Effectively addressing the virus would help as well. Too much to ask?

This guy is washed. He touts himself for investing in $MGM ....in August because casino stocks got hammered. Hey Barry, they got hammered in MARCH...you missed that move by 300%. What a clown.

Hi! I am a professional logo designer. I design the best logo for your company. Inbox me for more details. Order my gig link- logodesigner logo Flat minimalist signature vintage Creative businesslogo Modernlogo professional

Bs

Rich guys talking to rich guys.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barry Weiss’s RECORDS Opens Nashville Outpost, Names Ash Bowers PresidentRECORDS, the joint-venture label between Sony Music and veteran executive Barry Weiss, will open an office in Nashville this month. Ash Bowers, a manager, songwriter, producer and former recording …
Source: Variety - 🏆 108. / 63 Read more »

Mike Santoli’s market notes: Apple is standoff stock, key market level to watch, sell-off over?New for subscribers: Mike Santoli’s market notes: Apple is standoff stock, key market level to watch, sell-off over? Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »

Retiring Tennessee Senator Says He Supports Court Nomination This YearSen. Lamar Alexander says he supports fellow Republicans' efforts to take up a Supreme Court justice nomination during this presidential election year, squashing speculation that the retiring Tennessean might buck party leadership. I mean we r supposed to be surprised by this Anybody who thought otherwise, hasn’t been paying attention. The swamp has only become swampier these past four years. These men have gotten rich off the backs of the voters they fail to represent. Their only loyalty is to themselves. Their only values are those of Trump. We must get as many people as possible to call every RepublicanSenator and demand that the next president whoever it is will pick the new SupremeCourtJustice. Let’s shut their phone lines down.
Source: NPR - 🏆 96. / 63 Read more »

Illumina to pay $8 billion for Jeff Bezos-backed cancer testing firm GrailGene sequencing company Illumina Inc will pay $8 billion in cash and stock to buy cancer screening startup Grail Inc, the companies said on Monday. OH 💰
Source: Reuters - 🏆 2. / 97 Read more »

Illumina buys Jeff Bezos-backed cancer-testing firm Grail in deal worth $8 billionGene sequencing company Illumina will pay $8 billion in cash and stock to buy cancer screening startup Grail, the companies said. Fuck Jeff Bozos
Source: CNBC - 🏆 12. / 72 Read more »

Stock market: Euro stocks recover sharp losses, COVID-19 fears spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 𝗡𝗼𝘄 𝗶 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗶𝗻 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗳𝘁𝗲𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗶𝗻𝗴 $5,500 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗵𝗲𝗹𝗽 𝗼𝗳 𝗼𝗳 𝗠𝗿 cronin 𝗶 𝗿𝗲𝗮𝗹𝗹𝘆 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗲𝗳𝗳𝗼𝗿𝘁 𝗮𝗻𝗱 𝘁𝗵𝗮𝗻𝗸𝘀 trader_conin_fx
Source: BusinessInsider - 🏆 729. / 51 Read more »