Billionaire Mario Gabelli: China is important for global growth


401K KNOWS WHAT YOU NEED TO MAKE OUT TO RETAIL IN STYLE. ALTHOUGH STORIES COMING UP, MARKETS AND INVESTING TODAY, THE ADOPTABLE 340-POINT YESTERDAY. A SUPPLIES DECLINE A TUPPLIES DECLINE A TOPPLIES DECLINE A TO PLIES DECLINE A TO PRIES DECLINE A TO PRICE DECLINE AFTER THE WTO CUT IT AFTER THE AIR. THE ISN NUMBER IS WHAT MARK ATTRACTED TO AND THE LOWEST IN THE TEN YEARS. JOINING US IS THE CHAIRMAN AND CEO, MARIA.>>THANK YOU SO MUCH FOR JOINING US. TELL US HOW ANYTHING HAS CHANGED AND HOW YOUR ALLOCATING CAPITAL AS WE WATCHED THE ECONOMY THAT SEEMS TO BE SLOWING DOWN.>>THERE IS NO QUESTIONS OR CHALLENGES IN THE CONSUMER IS IN GREAT SHAPE, EVEN WITH STUDENT LOANS AND CAR LOANS RELATIVE TO THE LAST TEN YEARS, NET WORTH IS AT ALL-TIME HIGH. MARIA, THE UNCERTAINTY OF THE BUSINESS COMMUNITY OVER TARIFFS IS CLEARLY HAVE AN IMPACT ON X-UPPERCASE-LETTER AND THAT WILL X-UPPERCASE-LETTER AND THAT WIL- X-UPPERCASE-LETTER AND THAT WILA X-UPPERCASE-LETTER AND THAT WILD DENNIS MOBERG, WILL TALK ABOUT BOEING AND ALL THOSE PLANES THAT ARE PARKED IN OBVIOUSLY ON OCTOBER 15 WE WILL SEE WHETHER WE CAN DO NICE WITH PRESIDENT XI JINPING. I’M CONCERNED ABOUT WHAT HAPPENED WITH KOREA, NORTH KOREA, WHAT ARE THEY FIRING, IS ON A SUBMARINE, WHAT ARE THE CHINESE DO WITH THE HYPERSONIC MISSILES. THERE IS A LOT OF OTHER NEWS THAT IS INTERESTING, TODAY THERE ARE TWO COMPANIES MERGING WITH OTHER COMPANIES BETTING ON SPORTS, THAT IS NOT AS IMPORTANT BUT IT’S SOMETHING THAT WE THINK ABOUT IN TERMS OF THE OPPORTUNITY FOR COMPANY.>>TELL ME ABOUT THAT, WE JUST WENT TO THE MEADOWLANDS AND IN TERMS OF THEIR SPORTS BETTING, THEY SAY THAT THEY ARE RIVALING NEVADA WHEN IT COMES TO THE ACTIVITY ENDS ACTIVITY INDS ACTIVITY IN TERMS OF SPORTS BETTING. TELL ME ABOUT THE STRENGTH IN THIS BUSINESS AND WHY THE EXCITEMENT.>>DO IT A LITTLE DIFFERENT, LAST NIGHT THERE WAS A PLAYOFF GAME AGAINST THE BREWERS AND THE NATIONALS. IN THE EIGHTH INNING YET A WONDERFUL DYNAMIC, THE POINT IS PEOPLE ARE WATCHING THAT AN ADVERTISER’S ARE SEEN MORE POTENTIAL CUSTOMERS FOR THEIR PRODUCTS AND THEREFORE THE SPORTS TEAM WILL GET MORE REVENUES IN ADDITION TO THAT THERE IS A GAMBLING COMPANIES THAT WILL HAVE THE BENEFIT. FOX, THE COMPANY YOU ARE INVOLVED IN, FOX BUT IS INVOLVED WITH ONE OF THESE COMPANIES CALLED THE SPORTS GROUP. THAT IS A COMPANY CALLED FLUTTER, WE LIKE WILLIAM HILL AND GVC, THE AMERICAN COMPANIES THAT ARE INVOLVED, BRINGING INTO THE LEGAL WORLD OF GREAT AREA OF SPORTS BETTING IS WHAT YOU’RE TALKING ABOUT, THAT IS INTERESTING TO US.>>YOU THINK THAT WE SEE OTHER COMPANIES GET INTO THE SPACE OR WILL WE SEE CONSOLIDATION?>>I THINK YOU HAVE ALL OF THE ABOVE, MD AND CUT A DEAL WITH XYZ, A COMPANY IN RENO NEVADA, EL DORADO CUT A DEAL, YOU WILL SEE MORE OF THAT ONLINE AND I’M NOT A BIG FAN OF SPORTS BETTING, ON THE OTHER SIDE I WILL PARTICIPATE IN IT, WHEN THE YANKEES ARE PLAYING THIS FRIDAY NIGHT, MAYBE I WOULD BE WILLING TO PUT A BET BUT I CANNOT DO IT TO NEW YORK ONLINE, HAVE TO GO TO NEW JERSEY. THAT WILL CHANGE.>>THAT IS ONE AREA, WHERE ELSE TO SEE GROWTH IN THE ECONOMY?>>I THINK THERE’S A TREMENDOUS NEED FOR AEROSPACE AND DEFENSE. THE SUPERSONIC AND HYPERSONIC DYNAMIC THAT IS TAKING PLACE REMINDS ME OF THE MARGINAL LINE WHICH WAS BUILT IN THE 1930S AND THE TECHNOLOGY CAUSED THAT TO BE OBSOLETE. WE HAVE TO PUT MONEY INTO CERTAIN PARTS OF OUR ECONOMY FOR EXPENDITURES TO HANDLE THESE NEW DYNAMICS. IT COMPANIES LIKE TEXTRON WHICH HAS CAPABILITY, THOSE ARE KIND OF INTRIGUING TO ME EVEN WITH THE NOTION OF A MINISTRATION PERHAPS CHANGING NEXT YEAR THIS TIME.>>2020, DO YOU THINK THAT WE SEE A CHANGE IN LEADERSHIP?>>NO, I DON’T WANT TO GET INTO THAT. THAT’S IRRELEVANT TO ME.>>THEY ARE SHAKING IN THEIR BOOTS OVER ELIZABETH WARREN.>>THAT IS CERTAINLY AN ELEMENT BECAUSE YOU HAVE ALL THE WAY ON THE LEFT AND ALL THE WEIGHT ON THE RIGHT, YOU LOVE TO HAVE MAINSTREAM, WE HAVE SURVIVED 120 YEARS WITH REALLY GOOD PRESIDENTS AND REALLY BAD ONES. I THINK THE SYSTEM THAT WE ALLOCATE AND WITH ALL THE FAULTS WE HAVE TO SOLVE STUDENT LOANS AND INEQUALITIES, WE WILL DO THAT. YOU HAVE TO CUT COST AND RAISE TAXES.>>THAT IS INTERESTING WALL STREET DOESN’T SEEM TO GET UPSET ABOUT ALL OF THESE HEADLINES, THEY DO NOT SEE THE MARKETS REACTING EXCEPT FOR THE FACT THAT WITH ALL THE FIGHTING GOING ON THEY ARE NOT GETTING ANYTHING DONE. USE WAS TO SEE INFRASTRUCTURE, IMMIGRATION ALL THESE POLICIES GET DONE.>>YESTERDAY ON THE NEWS THERE WAS A BRIDGE THAT COLLAPSED IN TAIWAN, A YEAR AGO IN ITALY, THIS COUNTRY HAS 200,000 BRIDGES THAT NEED HELP. WHY I WAS LATE THIS MONEY, THE HIGHWAY COMING DOWN, THE SPEED BUMPS, YOU COULD NOT SPEED ANYWAY, WE NEED INFRASTRUCTURE BILL, CUT THE POLITICS OUT, LET’S GET IT DONE. EVERYBODY THAT IS COMMON SENSE THAT DRIVES THAT WALKS, I DON’T KNOW HOW THEY DID THE 60 ODD YEARS AGO.>>WHAT ABOUT THE CHINA SITUATION HOW IMPORTANT IS NOT TO INVESTORS QUESTION WHAT THE TRADE TENSION SEEMS TO BE AN ISSUE FOR MANUFACTURING. U.S. AND CHINA EXPECTED TO RESUME THESE TALKS NEXT WEEK. THEY SAID THAT THEY MAY GO FURTHER THAN CUTTING CLOSE TO CHINA AND WHEN THAT HEADLINE CAME OUT ON FRIDAY IT MOVED MARKET.>>FROM MY POINT OF VIEW YOU HAVE THE CONSUMER, X-UPPERCASE-LETTER, STATE AND LOCAL EXPORTS TO MAKE GDP IN THE U.S., WE HAVE A $400 BILLION DEFICIT WITH CHINA AND THAT MEANS WE OWE THEM $400 BILLION A YEAR. I HAVE NO PROBLEM, I GREW UP IN A WORLD IN THE 1930S, RICARDO WAS GOOD, THE FREE MARKET WORKS BUT YOU HAVE TO HAVE A FAIR TRADE AND THE COMPANIES I TALKED TO SAY THAT DOES NOT WORK. HOWEVER, CHINA IS IMPORTANT TO GLOBAL GROWTH. AND TO THE DEGREE THAT THERE 60% OF THE WORLD 90 TRILLION IN CONSUMER IS LIKE 40% WE WANTED GROWTH THE CONSUMER. I WANT TO TELL MY FRIENDS, THEY SHOULD HAVE MORE CHILDREN AND DO IT IMMEDIATELY.>>MAYBE GET RID OF THE LAW THE ONE CHILD LAW.>>IT’S CHANGING.>>YOU HAVE A REAL EXPERTISE, TELL ME HOW YOU SEE THE MEDIA AND TECHNOLOGY INDUSTRY SHAKING OUT, THERE’S A LOT OF CONVERSATION ABOUT REGULATION PROTECT COMPANIES, MEDIA HAS CONSOLIDATED, HOW DO YOU SEE?>>THERE IS NO QUESTION THAT TECHNOLOGY HAS CHANGED AND WE HAVE TO APPLAUD JEFF BEZOS. DOING THINGS THAT ARE GOING DIRECT TO THE CONSUMER, AND APPLIED TECHNOLOGY AND GETTING DATA, ARTIFICIAL INTELLIGENCE, IT HAS CHALLENGES. FOR MY AND IT’S NOT COMPLICATE IT. YESTERDAY THE COURT OF APPEALS IN WASHINGTON, D.C. RULED THAT A MOVE AT THE FEDERAL COMMUNICATION CHAIRMAN WITH REGARDS TO A NET NEUTRALITY WAS VALID. WHICH MEANS IF I AM HOGGING THE CABLE NETWORK WITH HIGH REQUIREMENTS FOR THE SPEED, I MIGHT BE ABLE TO CHARGE THEM MORE. IT’S JUST LIKE A TRUCK GOING OVER THE GEORGE WASHINGTON BRIDGE HAS TO PAY MORE THAN A PASSENGER CAR. THIS IS VERY GOOD FOR ALLOCATION OF CAPITAL AND PAYING PEOPLE WHAT THEY CREATE. SO THERE ARE POSITIVES. IN TERMS OF WHAT I LIKE — A SIMPLE COMPANY, I THINK DISNEY COMING DOWN LIKE THIS WAS 750 OF EARNINGS, 130 – $160 PRICE 30 OR 40 YEARS AGO, I THINK THEY WILL DO WELL IN TAKING THE CONTENT GLOBALLY. I THINK CBS WITH 650 MILLION TEARS, THEY WILL DO $28 BILLION IN ROUGH NUMBERS OF CASH FLOW WITH CAP EX OF 120 MILLION, THEY COULD PUT MONEY INTO R&D AND I THINK ADOBE IN A INTERESTING STOCK. OBVIOUSLY THERE IS A COMPANY CALLED FOX, AND IT BASICALLY, 650 MILLION SHARES, WHERE EXACTLY IS THE CASH FLOW GOING TO GO, SIGNIFICANT CASH FLOW IN THE NEXT THREE OR FOUR YEARS IS INTRIGUING TO ME IN SMALL BROADCASTERS, TRIBUNE IS TAKEN OVER IN PIECES, AND THEY’RE LOOKING AT $15 STOCK, THOSE ARE INTERESTING.>>THE GROWTH IN MEDIA, ISN’T STREAMING?>>ALL OF THE ABOVE.>>EVERYTHING THAT YOU CAN THINK OF, GIVE THE CONSUMER WHAT THEY WANT AND WHEN THEY WANT AT THE LOWEST POSSIBLE COST AND DO IT THE EFFECTIVE WAY TO MAKE MONEY. WHO WOULD’VE THOUGHT SPOTIFY, PANDORA SO YOU WANT TO BUY THE VENUE BECAUSE THEY HAVE 25% OF THE MUSIC AND ARE IN LIBRARY. SO HE IS TERRIFIC AT $58. THERE IS A LOT GOING ON, AND NANO CAPS AND WATCH COMPANY.>>REAL QUICK ON AEROSPACE, WILL BOEING RECOVER?>>I WILL TELL YOU AT 1230 TODA TODAY. WE HAVE AN INDIVIDUAL THAT WORKS FOR US THAT FLEW F-18’S HE WAS IN THE MARINE CORPS RESERVE AS A LIEUTENANT COLONEL AND HE GOES THROUGH EVERY DAY HOW YOU HAVE TO HANDLE THE FLIGHT.>>SO YOU STILL STUDYING?>>I THINK WE ARE PAST THAT, THE CASH FLOW FOR BOEING OVER THE NEXT FEW YEARS, A STOCK THAT I LIKE BECAUSE THEY GOT CERTIFICATION FOR LONGITUDE AND LATITUDE, THE NEW PLANE AT 47 – $48. THERE IS A LOT GOING ON.>>YOU LIKE TEXTRON FOR A LONG TIME.>>I LIKE WHEN THE STOCK DROPPED TO $3.10 YEARS AGO. IT IS ONLY 48 TODAY. AS A RESULT OF THAT, I THINK OVER THE NEXT THREE OR FOUR YEARS YOU WILL DO WELL.>>WOULD YOU SELL ANYTHING, THERE IS ALWAYS THE WORRY THAT MARKETS WILL TUMBLE ON THE UNCERTAINTY.>>THERE IS NO QUESTION THAT ONE HAS TO SAY HIGHER PROBABILITY OF

97 thoughts on “Billionaire Mario Gabelli: China is important for global growth

  1. Global growth? We tried that for 70 years or so with DISASTROUS results, you MORON. AMERICA FIRST….GFYO. The "world" better get thier act together and keep up!

  2. China is not good at all for anything… only people growing any wealth over there are corrupt sellouts. Ask anyone in Hong Kong

  3. American will be just fine without China We don't want Chinese Products and we for sure don't want Chinese food and medicines. China's Government is pure EVIL ( Communist )

  4. well we know that we're not stupid all countries are important for growth when we all trade and socialize and conduct ourselves in a legal moral manner yeah China would be a good thing but China is telling the world they run the world they are dictators they are taking over Hong Kong taking people's freedom the entire concept that America is about it seems people want to forget about the dictatorship of China but we always bring up North Korea and his dictatorship why is that why is that always not addressed

  5. Fk China . They better be careful or all that pretty new military equipment will get destroyed before they get to try it out

  6. China is a hostile enemy of free countries and free trade. They have always and will always break agreements and regulations to benefit them. They should have never been put into good trade status to start with after Tibet and T square. They are thieves and liars much like this globalist shill yet at least they are patriotic to their own country.

  7. MARIA BARTOLOMEO, YOU NEED JESUS AS MUCH AS YOUR GUEST GABELLI DOES. YOU'RE ALL OUT FOR YOURSELVES, YOU'RE IRRELEVANT TO ALMOST ALL THE WORLD AND WORSHIP satan, money and control plus you're indirect and for some direct psychopathic serial killers.

  8. So because I said the Fordham Jesuit Trump and Fordham Jesuit Gabelli both work for the House of Savoy now Gabelli is going to disagree with Trump all to try and disprove it. Nobody cares what this Jesuit criminal says. This criminal Mario Gabelli who ripped off the government and paid fines for it. Gabelli and his buddy Salerno work with the Genovese crime syndicate and are involved in extorting Wall Street. Now they are talking about Dalio another Italian billionaire that works for the Chigis and Bourbon-Parmas the Bourbon-Parmas which are currently married with the Savoys.

  9. Globalists suck …… Stop all trade with China. What do these communists have to prove that they are very dangerous ??? Wake up, we don't need China. Build it here . How many Chinese pay $1k for their I phone ??? none !!!!!!

  10. CCP is not only important, but good for The Wall Street, for politicians like Sleepy Joe, for some universities and think tank running by Dem, for all those taking billions from Chinese people and American people.

  11. Mario Gabelli is a perfect example of the traitorous corporate sell-outs who have gotten America into the mess that it's now in. Gabelli is worried about growing the Chinese consumer base so globalist companies can have access to an even bigger Chinese market and maintaining access to China's cheap labor to cut manufacturing costs. That's all he and others like him can perceive because that's what affects his ability to achieve his business objectives. The fact that traitors like him are feeding an authoritarian monster that is hostile to America and that spends billions of dollars every month undermining America's economy, security, and political system is a fact that he never seriously considers. How well does he think his business and all the other America businesses will do after America has been gutted economically and we're forced to adopt an innovation-killing, top-down political-economic system like the Chinese have? Companies that continue to manufacture goods in China should be boycotted.

  12. This is the kind of guy that would shut down a manufacturing plant in a small town So he can take advantage of Chinese slave labor.

  13. The title should say…. Billionaire still wants to exploit poor Chinese workers At the expense of American workers to Enrich his bank account..because billions of dollars are never enough

  14. Mario Gabelli or MG M=3tipped over. G IS 3 IN CHALDEAN AND PYTHAGOREAN NUMEROLOGY AS WELL AS THE C,L U,G,S FREEMASON SCUM like slugworth in willy wonka the 33/33 duality in WW. Or MGabelli the MG 33 A is a pyramid bell i, or eye of ran so 33AbellRa hells bell of RA or GAbelli 3=G A=pyramid belli is the belly of the beast!!! Satan. 3Abelly of satan!!!

  15. If china is important then they need to play under the same rules the other nations do. Just because they under cut the prices of others and steal pattens.

  16. China is a totalitarian communist regime that kills it's own people and blatantly violates human rights, but as long as you get your money…

  17. You can't take $75 billion dollars and going up out of US economy in tariffs, have increased cost of goods, capital expenditures and expect not to see any impact.

  18. China could be Great for world Growth if they could actually have fair trade. Note most of the world blames us as the problems in the world so stop Giving The US wealth to every country in the world along with the UN.NWO
    Most AMERICA lives paycheck to paycheck time to spend money on the home front and stop supporting the worlds Globalist elite scum bags(simple)

  19. wall street sells us out every chance they get….because they will be bailed out when the fake RNB collapses, they will be in Washington begging their friends for another American tax payer bailout = "Deep Economy"

  20. Gabeolli, go live in China and help them, because our tax dollars don’t need to be given to countries that hate us.

  21. PURE PROPAGANDA . I SAY we support sourh Korea. And the others clambering to take China's place. Sctew china. They have Peed on us after saving them 3 time. Once their very existence away from genocide. NO HONOR, NO RESPECT. CHINA is owned by the Dark Consciousness Conquest movement.

  22. Look into a plant in Ohio that sells a lot of nuclear materials that can be used for submarines and missiles. TWTX I believe is the name. They btw are being sold to china.

  23. Ok… so I didnt go in debt to be a slave. Nor being dependent on welfare , taxes and hardship discounts.

    Will I be compensated ? Will there be a non slave class ? A management class ?

  24. What is he stupid or something? Selling junk to the world will make him richer An his friends also. But no quality control. Junk garbage litters our shores with failed products that did not last one day from China. Farm equipment sitting idle while they still wait years for their manufacturing to get it right. Get that guy to tell you the truth he ripped people off when Clinton signed the North American Free Trade Agreement An he made his wealth like so many others, selling junk. An selling the companies that sold the products to those that had no idea how bad it was. Scam artists prove me wrong.

  25. No!..China is Important to the Globalist Lust for WEALTH and POWER …Nothing more…This POS is helping to Arm our Enemies…That makes him an Enemy of America himself..

  26. China benefits the most from global growth. All other countries suffer. Hints why you see globalization efforts with democrats and why environmentalists have raise concerned around the world it’s all tied and influence by China. Any other nation does not benefits as much as China does. You want China leading the world? Lol have fun with that.

  27. H
    He probably owns a company and all this stuff made over in China and they send that junk over here at a high price that's how come he's a billionaire we need to staff made back in this country

  28. Mario Gabelli, billionaire: "China is so 'too-big-to-fail', freedom in Hong Kong will cost me billions!"

    Tiananmen Square was such a 'speed bump' for Super Mario, it was probably another 'Tank Man' without a face.

  29. It is weird to see yet another person championing the theft that amounts to billions of dollars every year from countries that do business with China. I understand that he runs an investor group, but still.
    Supporting China as is supports the lunch money bully at school. You wanna be here, you hafta pay.

  30. Mario Gabelli, what did all you business people do before, China was opened up to the western world, CHINA AND THE ASIAN COUNTRIES PAY PEANUTS TO THEIR WORKER'S, IT'S SLAVE LABOUR, THAT I KNOW, FOR THE COUNTRY I'M CURRENTLY IN ,SKILLED WORKERS IN THE AUTO INDUSTRY GET AROUND ONE DOLLAR PER HOUR, UNSKILLED, A LOT LESS THAN THAT, ONE MUST BE BRUTALLY HONEST WITH YOU BUSINESS PEOPLE, IT'S ALL PROFIT,AND THE MORE YOU GET THE MORE YOU WANT, YOU REALLY DON'T CARE ABOUT THE WORK FORCE IN YOUR OWN COUNTRY,IF THE ECONOMY OF AMERICA WERE TO COLLAPSE, YOU REALLY WOULD NOT BE CONCERNED, FOR IT WOULDN'T EFFECT THE BILLIONAIRES OR MILLIONAIRS , BUT THE CITIZENS WOULD SUFFER,AS A SHEIK ONCE SAID NOW THIS MAN HAS STACKS OF MONEY,HE SAID WHEN ASKED WHAT THE FUTURE HOLDS FOR HIS OIL RICH NATION,HIS RESPONSE MY CHILDREN'S CHILDREN, CHILDREN'S, WILL BE RIDING CAMELS,.THINK ABOUT IT.

  31. Disgusting self serving globalist propaganda. This vile elite globalist billionaire helped outsource millions of jobs, depressed wages, and subverted our economy. Corporate globalists enabled/helped China to steal about a trillion dollars every year with IP theft from all Americans. Those are American jobs, technologies, and factories given away!! These corporate globalists are enemies of America!!!

  32. HAHAHAHAHAHAHAHA TO HIM AND PEOPLE LIKE HIM. IF A COUNTRY STEALS EVERYTHING….. PUSHES DRUGS HUMAN TRAFFICKING ORGANS TRAFFICKING AND SUCKED OFF AMERICA IS THAT IMPORTANT MAKES ONE WONDER OF THIS MALE.

  33. ..what?… BEWARE: he talks his personal interest alone, which does NOT include US security and financial future!! ..has self profit biased point of view, not ours!!… how warped!..we don’t owe anything to china!!

  34. China is totally irrelevant to global growth. 95% of their imports are paid in US dollars. What is critical to global growth is the infinite trade loss of US dollars at $500 billion a year to China, to feed its imports.

  35. Faux News is slipping. Hopefully we will get a full embargo on China. Stop buying anything made in China. Forget the E.U. they are already a lost cause… just like Nancy Schumer.

  36. China is irrelevant. When our American companies return we will have more jubs and even self sustaning. We will not need resources from other countries that have nefarious plans for the free world.

  37. Before China became a global economy, the world was doing just fine. The problem is that the "World" put all of their eggs in Cina's basket and now they don't know how to handle their losses. Get out lick your wounds and stay away from a totalitarian regime NOW!. Have the backbone to admit it.

  38. China is bad for America spare for the world why would you let China do all the building of products machines clothes food every country needs to be self supported in their own people

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