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Breaking News from CNBC's Kate Kelly: David Tepper Tells CNBC His Chief Market Concerns Have "Alleviated"

WHEN: Today, Thursday, June 5th

WHERE: CNBC's "Squawk Alley"

Following is the unofficial transcript of breaking news from CNBC's Kate Kelly.

All references must be sourced to CNBC.

KATE KELLY: I JUST SPOKE BRIEFLY TO DAVID TEPPER THIS MORNING WHO SAID HIS VIEW HAS CHANGED SOMEWHAT SINCE LAST MONTH WHEN HE SPOKE AT A CONFERENCE AND SAID, FAMOUSLY, IT IS NERVOUS TIME IN THE MARKETS FOR A NUMBER OF GLOBAL MACRO REASONS DEALING WITH CENTRAL BANKS. NOW THAT THE ECB HAS MADE THIS SOMEWHAT HISTORIC DECISION TODAY, HE INDICATES TO ME THAT HE IS FEELING A LITTLE BIT BETTER. HE WALKED THROUGH THE CONCERNS HE HAD ONLY A MONTH AGO AND HE TALKED ABOUT, OBVIOUSLY, THE ECB, CHINESE GROWTH AND THE STIMULATIVE POLICY THERE AND WHETHER ENOUGH WAS HAPPENING, INSTABILITY IN UKRAINE, AND THEN OF COURSE, U.S. GROWTH OR THE LACK THEREOF. AS OF TODAY HE SAYS, THE BOTTOM LINE IS ALL OF THOSE THINGS ALLEVIATED ONE BY ONE BY ONE TO A CERTAIN EXTENT. AND OBVIOUSLY, TODAY'S MOVE WAS ACTUALLY – WAS ALSO HUGE IN THAT REGARD. SO MY SENSE IS FROM TALKING TO HIM, ALTHOUGH HE WAS A MAN OF FEW WORDS ON THIS SCORE TODAY, THAT HIS NERVES HAVE EASED A LITTLE BIT. I DON'T KNOW IF HE THINKS WE ARE TOTALLY OF OUT THE WOODS, CARL. BUT HE CERTAINLY THINKS THE ECB IS TAKING THE RIGHT STEPS.

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