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May 24, 2024
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as a top-ten real estate manager, principal asset management harnesses the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced teams are uniquely positioned to uncover compelling opportunities in today's market, giving our clients an exclusive advantage. principal asset management actively invested. >> the acute problem in the united states is we still have 57 million americans who don't have any savings or retirement plan. social security is a fantastic foundation for retirement, but if that is all you have when you retire you will be living in poverty, below the poverty line. it is supplemental but not meant to be the totality of what you have in retirement. sonali: that was blackrock's larry fink in march. that same week he sent a letter to investors saying, "i do think it's a bit crazy that our anchor idea for the right retirement age, 65 years old, originates from the time of the ottoman empire." he believes americans will need to retire later in life. in the latest edition of bloomberg magazine, sh
as a top-ten real estate manager, principal asset management harnesses the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced teams are uniquely positioned to uncover compelling opportunities in today's market, giving our clients an exclusive advantage. principal asset management actively invested. >> the acute problem in the united states is we still have 57 million americans who don't have any savings...
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May 2, 2024
05/24
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principal asset management actively invested. west's was the biggest animals in history when it made $1 million in sales on its first day. she tells me about her success and the challenges that remain across the industry. >> has fashion done -- it hasn't done enough but comes to inclusivity and diversity but has it done something in the past five to 10 years? >> it is interesting because fashion as quick as it is to change in the aesthetic, it is very difficult to change a system. i think that comes down to who makes decisions and the people that make decisions in fashion don't typically look like me. they aren't typically women all the time. we look at who is at the helm of the biggest high street players, it has to be the same type of people and so i honestly think there is a lot of work to be done. progress has definitely happened but you will need to look at the last new york fashion week each of the biggest and most commercial to see there is so much toe -- tokenism around what inclusivity really means. we are back to where
principal asset management actively invested. west's was the biggest animals in history when it made $1 million in sales on its first day. she tells me about her success and the challenges that remain across the industry. >> has fashion done -- it hasn't done enough but comes to inclusivity and diversity but has it done something in the past five to 10 years? >> it is interesting because fashion as quick as it is to change in the aesthetic, it is very difficult to change a system. i...
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May 25, 2024
05/24
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principal asset management actively invested. david: you decided after a while it was time to leave and do something else. all of a sudden another crisis comes along, ebola. how did you tackle that problem? dr. shah: usaid took the care and the responsibility of working with the centers for disease control to mount a response in west africa and contain and contain ultimately limit the disease before it spread around the world. david: after the ebola problem is more or less solved -- i wouldn't say eliminated ebola completely, but you addressed the problem, you then pursued the highest calling of mankind, which is private equity. [laughter] you set up your own firm to invest in, i would say, electrification projects around the world, is that right? dr. shah: that is correct. david: it had two big backers, dick blum was one of them and david bonderman was the other? dr. shah: yes, we started the process of building a small firm and partnered closely with a larger firm, tpg, and started identifying projects and raising funds. i got
principal asset management actively invested. david: you decided after a while it was time to leave and do something else. all of a sudden another crisis comes along, ebola. how did you tackle that problem? dr. shah: usaid took the care and the responsibility of working with the centers for disease control to mount a response in west africa and contain and contain ultimately limit the disease before it spread around the world. david: after the ebola problem is more or less solved -- i wouldn't...
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May 27, 2024
05/24
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principal asset management actively invested. haslinda: welcome back. china, japan and south korea have held a rare trilateral leaders meeting today in seoul. singapore is reporting the chinese leader, li qiang, is stressing ties between the three countries are unchanged. let's bring in our chief east asia correspondent, stephen engle. the conference took a break of almost five years so this is significant. stephen: it is significant. this is an opportunity for china to improve relations with two of its closest strategic neighbors and necessarily -- and not necessarily with the u.s. at the table either. this is evidence in the read-out of some of li qiang's comments as broadcast through chinese media, leader urging japan and south korea to uphold free-trade, oppose camp politics and the spirit of autonomy -- and uphold the spirit of autonomy. then again, we have also been hearing, as these three gentlemen, including kishida and the president of south korea are making comments. they seek transparent supply chains. kishida focused on exchanges and free tr
principal asset management actively invested. haslinda: welcome back. china, japan and south korea have held a rare trilateral leaders meeting today in seoul. singapore is reporting the chinese leader, li qiang, is stressing ties between the three countries are unchanged. let's bring in our chief east asia correspondent, stephen engle. the conference took a break of almost five years so this is significant. stephen: it is significant. this is an opportunity for china to improve relations with...
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May 16, 2024
05/24
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ed: principal asset management seema shah. coming up on the show we will hear from the cisco ceo scott herron as is outlook is seen as conservative. we will be right back. this is bloomberg technology. ♪ caroline: we are going to talk cisco is been quite the volatile trade. we are now off by 1.7%. despite the forecast showing the return of customer spending. bloomberg got the chance to discuss the results with scott herron. scott: this was our fiscal fourth-quarter. i would not guide 25 until we got to the fourth quarter. we acquired splunk and analysts are trying to adjust to what does the combined company look like. i wanted to get ahead of that without doing a fulsome guide get enough information so they could narrow down their expectation. it it conservative? it's a first few. the encouraging thing for us, we work through supply chain disruption that cause us to build a big backlog. as we got the components and we were able to clear that backlog, revenue spiked and compare those compare points. the year over year is diff
ed: principal asset management seema shah. coming up on the show we will hear from the cisco ceo scott herron as is outlook is seen as conservative. we will be right back. this is bloomberg technology. ♪ caroline: we are going to talk cisco is been quite the volatile trade. we are now off by 1.7%. despite the forecast showing the return of customer spending. bloomberg got the chance to discuss the results with scott herron. scott: this was our fiscal fourth-quarter. i would not guide 25 until...
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May 31, 2024
05/24
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let's bring in seema shah at principal asset management for everything that is happening root now. we had a great conversation with tina fordham about this, seema. the markets seem to be mostly focused on overriding macroeconomics narrative as opposed to what was happening in the new york courtroom. has anything in your mind told you that it's anything but inflation at this point for the u.s. economy and by extension, for the u.s. voter? >> so, hi, dom. no, the fundamental story is still one of what is happening with growth and what is happening with inflation and when is the fed going to move. those are the key stories. that should be the main story on investors' minds. certainly the news overnight does inflict additional amount of volatility the market doesn't want to see. for investors, it should not ultimately change the growth and inflation and what fed is doing. >> that, by the way, growth picture right now, seems to still be decently in tact. it is still growing at a fairly healthy clip that doesn't imply recession. prices are still stubbornly sticky. we are at a stock marke
let's bring in seema shah at principal asset management for everything that is happening root now. we had a great conversation with tina fordham about this, seema. the markets seem to be mostly focused on overriding macroeconomics narrative as opposed to what was happening in the new york courtroom. has anything in your mind told you that it's anything but inflation at this point for the u.s. economy and by extension, for the u.s. voter? >> so, hi, dom. no, the fundamental story is still...
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May 10, 2024
05/24
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principal asset management actively invested. jonathan: stocks on the s&p 500 positive by a third of 1%. 100 minutes away from the opening bell. counting you down here on "bloomberg surveillance." yields higher by a single basis point. under surveillance this morning, president biden cracking down on chinese ev's. >> the chinese doubled down on what we call their nonmarket practices, a kind of predatory pricing practice, worldwide, that has driven out producers and other economies, leaving the chinese economy have cornered the market in production. right now, we are still 85% reliant on chinese production and supply in solar panels. we've also seen it in batteries. we are seeing it now in ev's. jonathan: president biden set to unveil new tariffs on china next week targeting key sectors including ev's, batteries, and solar panels. josh wingrove joins us now for more. fantastic story, enjoyed their media. what are you and the team learning about what we may hear next week? josh: right now we are just trying to figure out the scope
principal asset management actively invested. jonathan: stocks on the s&p 500 positive by a third of 1%. 100 minutes away from the opening bell. counting you down here on "bloomberg surveillance." yields higher by a single basis point. under surveillance this morning, president biden cracking down on chinese ev's. >> the chinese doubled down on what we call their nonmarket practices, a kind of predatory pricing practice, worldwide, that has driven out producers and other...
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May 31, 2024
05/24
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principal asset management actively invested. jonathan: down on the week, down on the day, one third of 1% obviously p5 hundred, faces light on the 10 year. under surveillance this morning, looking for signs of a slowdown. >> looking for a possibility of one to two cuts near the end of the year with inflation coming down in the economy slowing down. we are seeing inflation coming down. when we look at the next couple of quarters you will see changes in the economic outlook. jonathan: pce, do it 8:30 eastern time, easing after downward revisions to consumer spending. this quote, "my current view is a band, i'm rethinking it." now what are you thinking? >> that we will see another rise to the 4.8 percent, 5%, where people start fixating on the deficit. one thing that is new is japanese options, up, but i don't think we're going to stay there. i am worried the are going to see one of these continued grind highers. jonathan: after the memorial day weekend you set the clients that you spoke to are not concerned by the prospect of rate
principal asset management actively invested. jonathan: down on the week, down on the day, one third of 1% obviously p5 hundred, faces light on the 10 year. under surveillance this morning, looking for signs of a slowdown. >> looking for a possibility of one to two cuts near the end of the year with inflation coming down in the economy slowing down. we are seeing inflation coming down. when we look at the next couple of quarters you will see changes in the economic outlook. jonathan: pce,...
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May 24, 2024
05/24
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principal asset management actively invested. lisa: 5300, we are definitely climbing towards all-time highs once more. welcome back, this is bloomberg surveillance the day before a long weekend. i'm sure you're all glued to your screens, riveted and counting down the seconds until you can leave for your long weekend. s&p futures off of the session highs a quarter of a percent. a little bit of dollar weakness across the board. not a lot of drama. everyone is hoping that nothing really happens to draw them back to the office. under surveillance, the reason why people are looking forward to the weekend, the summer travel season begins. >> we are at record low unemployment levels in the u.s. and europe with fewer and fewer workers. workers are getting paid more. when you get paid more you consume. people still want to start the summer off memorial day weekend going to the beach, traveling, or doing whatever they are going to do for the long weekend. lisa: it is the busiest weekend of the year for road travel. a survey from gas buddy
principal asset management actively invested. lisa: 5300, we are definitely climbing towards all-time highs once more. welcome back, this is bloomberg surveillance the day before a long weekend. i'm sure you're all glued to your screens, riveted and counting down the seconds until you can leave for your long weekend. s&p futures off of the session highs a quarter of a percent. a little bit of dollar weakness across the board. not a lot of drama. everyone is hoping that nothing really...
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May 2, 2024
05/24
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the principal asset manager -- from pencil -- prince will asset management they write that it's been fueling market optimism, " also supporting a broadening of the market rally as rate cuts come closer into site." let's go straight into that. broadening the market rally, we heard the small caps got smoked in the month of april. why does it change this month? >> i don't think it necessarily does this month, the key point is that as they come into sight, for small caps to have a sustained rally, you need to know that rate cuts are around the corner and are certain of that. powell was dovish yesterday, but as you look at the strength of the economy, they can't have real confidence that rate cuts are imminent by any means. it will take a couple of months after what we expected for the small-cap to broaden out in materialize. jonathan: lisa mentioned this, talking about embracing the hard landing and not a soft one, andrew said. why the latter and not the former? seema: i believe that there are cracks warming and there are two places you can look at for them to come through. one, as you s
the principal asset manager -- from pencil -- prince will asset management they write that it's been fueling market optimism, " also supporting a broadening of the market rally as rate cuts come closer into site." let's go straight into that. broadening the market rally, we heard the small caps got smoked in the month of april. why does it change this month? >> i don't think it necessarily does this month, the key point is that as they come into sight, for small caps to have a...
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May 24, 2024
05/24
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announcer: the principal room brought to asset management. ed: memorial day weekend is upon us in the united states. one start up is offering an alternative to traditional vacation with day-cations. offering the opportunity to rent out amenities at resorts without having to stay overnight. joining us is the ceo of resort pass who previously served as the coo of class pass. that is an interesting back story we will get to. tell me about the size of this market. a digital marketplace for daycations. >> thanks for having me. we enable day access to luxury hospitality. you are not staying overnight but you can use all of the amenities you have always wanted to use but just for the day. we have sent over 3 million people to hotels already and are just getting started. ed: i am a religious number should point sky. at hotel chains, specific airlines. a lot of that has interoperability with my credit card. do you see those people as competition? >> no, we see them as partners. we work with top credit card companies and we are speaking to hotel partne
announcer: the principal room brought to asset management. ed: memorial day weekend is upon us in the united states. one start up is offering an alternative to traditional vacation with day-cations. offering the opportunity to rent out amenities at resorts without having to stay overnight. joining us is the ceo of resort pass who previously served as the coo of class pass. that is an interesting back story we will get to. tell me about the size of this market. a digital marketplace for...
SFGTV: San Francisco Government Television
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May 15, 2024
05/24
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we never manage to the dot, but this are guiding principal for current year and current liquidity. we do the study annually, so for this fiscal year we are planning again, the next net out-flow from luquid assets to private to the tune of about $200 million and that is in addition to $1.07 billion for benefit payments. and that would be met from private-primarily from private selling public equities. in the stress case, we might need more and we have liquidity plans for public equity, public fixed income and absolute returns. on page 14, this is a chart that i borrowed to give the one way of monitoring the current liquidity conditions is private markets. what we are measuring here is the percentage of all dollar value of all ipo, all high yield bond issuance and leverage loan issuance of gdp. you could see last year it was on par of gec and the last two years, both 22 and 23. moving forward, a little about the pacing models that we will present the results. i like to remind that the commitments to draw-down is structured self-luquuidating funds that distribute the capital. the comm
we never manage to the dot, but this are guiding principal for current year and current liquidity. we do the study annually, so for this fiscal year we are planning again, the next net out-flow from luquid assets to private to the tune of about $200 million and that is in addition to $1.07 billion for benefit payments. and that would be met from private-primarily from private selling public equities. in the stress case, we might need more and we have liquidity plans for public equity, public...