Billionaire Peltz on the Trump market rally, tax reform and mystery new position

Billionaire hedge fund manager Nelson Peltz shared his views on Donald Trump's economic policies and the market in an exclusive interview with CNBC's David Faber on Monday.

Peltz is chief executive officer of Trian Fund Management. The firm manages more than $10 billion, according to its website.

On Trump's corporate tax reform proposal: "I think that his tax plan, if he gets the kind of tax reductions he's talking about, we will wind up having more employment, more companies coming back to the United States," he said.

On the Trump market rally: "The Trump rally is celebrating that capitalism is back. ... Tax reform, infrastructure, deregulation," Peltz said.

He also discusses:

  • His support for the "No Labels" centrist PAC
  • Mondelez under Trump's policies
  • A new unnamed position he's building

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