tom: speaking to bloomberg's david rubenstein in washington.oldman sachs is the latest driving better than expected results. david solomon says they remain constructive. >> there is stability and applications -- the expected trajectory improved and equity markets remained their all-time high. tom: charlie, talk about what we saw, goldman tends to leave, -- lead but as far as and were looking for boost from the market and healthy wealth management. >> thank you indeed with a breakdown across yesterday. charlie, thank you. coming up, the luxury sector in focus. it has something of a china problem. we will break that down and give you the context. that is next. this is bloomberg. ♪ tom: the swiss luxury company saw continued weakness in asia. let's bring in our bloomberg opinion columnist andrew. challenging day in europe in terms of losses. it seems like in terms of the number the exposure to europe is ok but asia and china is a challenge. >> for the last few months we have been up against this time when we were in a hopeful time that china had r

speaking with david rubenstein, he highlighted three latest inflation readings but did not provide clear timing for a possible cut. >> the labor market remains very strong, unemployment very low and inflation came down at quite a sharp pace particularly in the second half of the year by a very large amount. that forecast was almost unheard of, it was unheard of before 2023. this year we expected the economy to slow a big gradually and the labor market to gradually cool off after being overheated, and inflation continuing to make progress. something like that is basically what has happened. the economy is growing now at about 1.5% in the first half of the year, most forecasters have about a 2% growth rate for the full year. the labor market has moved into better balance to the point where you can now say it is essentially no tighter than it was in 2019 the pandemic. the labor market in 2019 was a very strong labor market, so we are back from that place, no longer overheated. on inflation, and the first quarter we did not make more progress. the second quarter we did make progress. we've h

i am pleased to say the host david rubenstein joins us now.ave to adjust elephant in the room and talk about baseball. how much are you living life right now? david: well, we are in first place in the american league east. we have a really good chance of going further in the playoffs this year than we did last year so i am very happy. obviously, not always happy. we lost last night but there is a game again tonight and tomorrow so hope springs eternal. lisa: you will be of course focusing on the trade deadline as well. before you move on to other things, i am wondering, has this satiated the sports edge or are you still in the market looking for other things? david: i think this is taking up enough of my time now. i think i am probably not going to buy anything else right now but this is a very enjoyable thing to do and i am happy with the team and the way it is progressing, yes. lisa: i don't know where you find the time to do all the things you do. you did an interview that was really fascinating. i recommend everybody watch. you talked abou

monday, fed chair jay powell speaking at the economic club of washington with david rubenstein.on bloomberg live. more big bang results continuing to rollout. goldman sachs. tuesday, economic data with u.s. retail sales. morgan stanley and bank of america earnings. very interest-rate sensitive. wednesday, the fed releasing the beige book read per se, ecb decision and christine lagarde's news conference. netflix kicks off tech earnings. friday, fed speak from john williams and raphael bostic. my final thought. a look at the companies reporting earnings. goldman sachs, morgan stanley, bank of america. a lot of eyes on interest rate. a lot of eyes on the consumer. johnson & johnson, united. fascinating after what you saw with delta. what is the consumer doing? particularly after the weakness in the university of michigan data. american express are probably more interested than anyone else to kick off the week. not just because it is at the end of the week, but because the consumer is in hot focus. from new york, that doesn't farm us. same time, same day next week. this is "bloomber

and david rubenstein on the growing 2%. >> ultimately, this will fall on the secret service.equests granted. what was the timeline for the agents arriving from out of town and being briefed. in 22 years and never worked a site where i felt like we had enough people. there are always holes to plug. jonathan: big hole saturday evening. officials trying to piece together the security failer. the secret service director said it will be immediate changes including expanding tactical support for trump. near congressman mike lawler and another introducing legislation to increase security for candidates. joining us is republican congressman mike. thank you for sharing your time, particularly how busy things have been for you since saturday evening's events. walk us to the content of the bill and the kind of changes you would like to see. annmarie: we are working --rep. lawler: we are working through the logistics and we plan to announce this week but the intention is to ensure that president trump, president biden and rfk junior whose family has twice been a victim of a political ass

fed chair jerome powell will be interviewed by david rubenstein. this is bloomberg.e: we want to talk about ai partnerships. another one being announced. the ceo to talk us through what is c3.ai's partnership with google cloud and ai for government program's, generative ai we are talking here. can you dig into this partnership? >> google cloud has been a great partner and we have been working with them at massive scale in state and local government. and now in state and federal government we have come up with a very unique solution utilizing generative ai to make all the complexities associated with the affordable care act and all of the services, medicare, medicaid , immediately accessible to the public. we saw the difficulties with data exfiltration. now we deal with these programs that are biblical in scale and you can ask any question in 133 languages and to get the correct answer the first time in the language you require. it is a better service at a lower cost, satisfying constituents. caroline: what is also notable is the fact that you are teeming with google'

fed chair jerome powell will be interviewed by david rubenstein. this is bloomberg.out robotics, ai robotics. the startup standard bots has raised $63 million, and majority of the funding coming from a move led by general capitalist. the ceo evan beard is here. evan: thank you for having me. caroline: how quickly did it come about? evan: it came about quickly. general capitalist preempted our first round. caroline: does it feel slowly, slowly, all at once? evan: that is exactly right. it is a moment in time where we realized, this is happening. ed: i want to go into the strategic's. we have done a lot about amazon robotics in the warehouse. is the opportunity down the line in the manufacturing context? what are you hoping for? evan: we realized we could make an american-made robot that is easier to use, more affordable and capable of performing many more tasks out there. most robots today have this rigid programming that is sort of like code. something that resembles code. we are focused on this new paradigm. it can learn from that autonomously. ed: we are showing pi

coming up, jerome powell speaking to david rubenstein at the economic club in washington. at 5:30 p.m. london time. you will not want to miss that. don't miss opening trade. that is next. this is bloomberg. ♪ the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. >> good morning from london. item anna edwards a

and as david rubenstein did earlier, cnbc did a good job, he has done a good job getting to this soft. inflation has to stay under control. those who are most vulnerable suffer most from inflation. so, leave the fed alone and if you leave the fed alone, i think this inflationary environment and low interest rate environment stays with us for a long time. i do worry about the long-term debt. that has to be addressed in congress and we have to have responsible curbs on spending. we can't keep kdoing what we're doing. >> if you think short rates are going to drop and long rates stay where they are, then, you know, or go up a little bit, i think that's still a really good recipe for stocks. you get a steepening yield curve. that's why you see banks doing very well. stocks are going to like this back drop. lower taxes, lower regulation, you know, the prospects of, you know, the spending continuing. i think that's, you know, where it's at. i think it's not just going to be your top seven, you know, tech stocks. this is going to help broaden out the base a little bit where you can have the o

david rubenstein the founder of that private equity firm is questioning him and he also talked aboutis relieved the former president, the guy who chose him to head the federal reserve is doing okay. he could make news talking about rates and inflation and all that stuff. we're keeping an eye on that. also, keeping an eye on this stunning development. any other day be leading the broadcast and that is the entire documents case thrown out. that was one of the more onerous and difficult ones for donald j. trump thrown out completely. what that means as a number of developments that have trended to look very good for one donald trump after this. olukai shoes bring the comfort of walking barefoot on wet sand to any journey. any moment can feel like you're stepping into the spirit of hawaii. say aloha to olukai. anywhere comfort. anywhere aloha. investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow.

rubenstein and. hey, we're we're very honored to have one of the best selling authors in the country with us today, a person who wrote his first book and already in the new york times best seller list. how many people here have read the book wow? okay. how many people are going to read the book? okay. how many people are here by the book today? okay. our special gas is j.d. vance. and why don't you ask him to come up? j.d.. so thank you very much for coming. let me give people who may not know your background a little introduction. j.d. is a native of middletown ohio. okay, and a graduate of the middletown high school. he then went into marines for four years, served in iraq. and came back, went to ohio state and finished it in two years, then went to yale law school, graduated there as member of the yale law journal, clerked for a federal judge for a year. he is now in the investment world based in part in washington, dc. he is married to a former classmate from yale law school who is here somewhere

he's speaking next week, in fact, with david rubenstein at the economic club of washington. >> that'sonday, right? >> yes. and we'll see. if he gets a specific question about how he reacts to cpi, which would be good, judging by some of the other -- we've seen austin goolsbee, chicago fed president, react. they're very pleased. >> profounder encouraging was the word out of goolsbee yesterday. and tim timiros suggests we'll start to look for ways he tees up in september. big piece in "the journal" this morning. "it's time for the fed to end the waiting game." why wait until september? the herd's argument is september is procedural. there's no meeting in august. it's not an economic reason in their view. >> but july might suggest a bigger sense of urgency. what do they see in the data? they see the same data we see. but the belief is just given powell's style and his cadence, he likes to set it up rhetorically for the next meeting. although he -- he's not going to precommit. you know, from july to september, because there's still a number of data releases. >> we got to talk about yester

david rubenstein and host of bloomberg wealth is the latest interview with josh friedman.oking forward to this one. what do you need to know about josh? >> josh freeman was a middle-class upbringing, boston. went to harvard college. he then goes to a place not as well known at drexel. event drexel imploded. when drexel imploded he started his own firm with a roommate and they built it into a gigantic credit shop which has done very well. $26 billion now. a japanese bank just bought a big stake in it. they are in very good shape. given spectacular returns to their investors over many years, and he's a very smart person. had a chance to spend some time with him recently and i can see why he's done so well. lisa: it's going to be wonderful to watch, i will be watching and i can't wait to see it. i'm going to shamelessly switch the topic just slightly because we been talking about the celtics. we don't have steve on the show to really respond to this. we want to ask you, is p evaluation time to sell? >> they've owned the team since 2002 so it's been more than two decades. not