CNBC Anchor Admits Bill Ackman Stood to Benefit From His ‘Hell Is Coming’ Coronavirus Rant

WAPNER: “I do want to stress, because I know he really wants to get this point across, and I know it sounded, to some, alarmist. I’ve gotten feedback from some who thought it was hysterical. He really wants to get the message across that he is super concerned that we’re not doing enough, but he thinks we will and that the stock market will have massive upside on the other side of this, whenever that is. And that’s why he said he was buying names not only like Hilton but Starbucks, all the way down, he has a position in Chipoltle. It’s not like he is running for the hills. It’s not like he’s shorting all these stocks and then coming on and saying the world is going to Hell in a handbasket. He is a buyer. He thinks it’s one of the greatest buying opportunities he’s seen in a long time, much like Bill Miller told Kelly immediately following our interview. It’s just — yes, it was a sobering, it was a scary interview with Bill who clearly is concerned that we’re not doing enough."

(via Mediaite)