Bill Ackman warns of 'casino' stock market as speculative trading grows
According to reporting by CNBC International Markets, "We're back to the casino-type markets when there was 95% leverage," said the founder of Pershing Square Capital Management.
International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.
“International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.”
Key Verified Points
- •Official Issuing Wire: CNBC International Markets
- •Editorial Desk: Global Economy
- •Coverage Domain: WORLD
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CNBC International Markets, "We're back to the casino-type markets when there was 95% leverage," said the founder of Pershing Square Capital Management.
Detailed Factual Report
Bill Ackman told CNBC on Tuesday he worries that the stock market is broken, saying the rise of speculative trading is leading to wild price swings thanks to the amount of leverage in the system.
"Every number of days, I feel like markets are broken," Ackman said on CNBC's " Squawk Box ." "Stocks trade at prices that make no sense to me. Yes, it's good if you're a long-term investor and you can buy at a stupid price. I don't think it's good for the country generally."
"We're back to the casino-type markets when there was 95% leverage," he added. "I don't think that's inherently good for the economy, for society, and it's leading to these massive moves in stocks."
The founder of Pershing Square Capital Management said those same dislocations in the market have given the hedge fund the opportunity to snag big bargains.
Verified Data Points & Key Takeaways
Geographic Scope & Community Impact
Recommended Action & Safety Guidelines
Source & Verification Provenance
Information in this article was compiled directly from records provided by CNBC International Markets. Access the primary source document at: https://www.cnbc.com/2026/11/03/bill-ackman-casino-stock-market.html. Reporting and editorial review conducted by the USA NOW News Desk.
Event Timeline & Developments
Frequently Asked Questions
What are the key diplomatic or regional findings in this report?
Official communications from CNBC International Markets highlight significant international developments and strategic implications involving United States.
Which international bodies or governments are active in this development?
Reporting indicates engagement among foreign ministries, diplomatic representatives, and international monitoring institutions.
Where can readers follow subsequent communiqués?
Direct official transcripts and bulletins are distributed via CNBC International Markets at https://www.cnbc.com/2026/11/03/bill-ackman-casino-stock-market.html.
Official Government & Primary Citations
- CNBC International Markets — https://www.cnbc.com/2026/11/03/bill-ackman-casino-stock-market.html
Get America’s Most Critical Breaking Alerts Instantly
Subscribe to receive automated, verified bulletins on severe weather, major recalls, national airspace travel, and emergency declarations directly in your inbox.
Most Popular Across America
Top trending dispatches and verified public interest records right now
Magnitude 5.0 Earthquake Strikes Near Volcano Islands, Japan region
Verified reporting recorded across Pagan region, Northern Mariana Islands indicates that a magnitude 5.0 earthquake was registered by USGS seismographs near Pagan region, Northern Mariana Islands at a depth of 129.4 kilometers.
Gale Warning issued September 22 at 3:00AM EDT until September 25 at 12:00AM EDT by NWS Newport/Morehead City NC in North Carolina
TORDDC The National Weather Service in Dodge City has issued a * Tornado Warning for... Central Pawnee County in south central Kansas... * Until 345 PM CDT. * At 320 PM CDT, a severe thunderstorm capable of producing a tornado was located.
Trump to headline "Golden Age" event with top officials, tech executives
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
This week on "Sunday Morning" (Sept. 27)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Contrasting treatment of Israel and Palestine on display at the UN
Israel’s Prime Minister addressed the UN General Assembly in person, despite having an ICC arrest warrant.
More than 100 arrested as New Yorkers protest Netanyahu’s UN visit
Demonstrators blocked streets and marched towards UN headquarters as the Israeli PM addressed world leaders at UNGA.
Related US News & Bulletins
Netflix’s Best New Show Lands A Perfect Rotten Tomatoes Critic Score (Brian Tyree Henry New Netflix Anime Spiking)
According to reporting by Google Search Trends USA, brian tyree henry new netflix anime
aiNetflix’s new AI Discover tab helps you find something to watch based on your mood
According to reporting by TechCrunch AI, The first experimental feature under the tab will allow users to get recommendations based on what they're currently in the mood for.
worldPalestinian Americans turn to US flags to protect West Bank homes
According to reporting by Al Jazeera International, Palestinian Americans in the occupied West Bank are putting up US flags, to fend off pogroms by Israeli settlers.
worldUK’s King Charles expresses ‘sorrow’ in Antigua over slave trade
According to reporting by Al Jazeera International, Caribbean nations call for reparations as King Charles stops short of issuing an apology for colonial-era slavery.