kkr, another one out there, kkr, an administration may be friendly to wall street and deals.d 4% yield on earnings that could go higher from here. that might be a mismatch, another sector we might look at is autos. companies like magna, auto parts company, single-digit p-e, strong balance sheet, people are saying sales are peaking. mismatch with sales going on around the world and growing demand in many places and very cheap stock. that is kind of thing you see out there. see something really cheap and doesn't make sense that is something a lot of investors can jump on to grab the opportunity. liz: i thought i was only one talked about mismatch at bed, bath & beyond and start grabbing things.'re slightly below for te dow jones industrials in final minutes. are you bullish over all or into stock picking now? >> we're really into the stock picking and market at 18 times earnings that doesn't look like a mismatch. it looks pretty full valued in a market. that's probably where the opportunities are, so we're not bullish on the market overall. we think a lot of defensive stocks ar

>> caller: kkr. >> i think the stock is doing better.ve the opportunity to get out of stocks. i like kkr. to maria mr. washington. maria? >> caller: hi, jim. thank you for taking my call. >> of course. >> caller: i'm on the fence for pi. >> yeah, we like that. we like that. i got to tell you, so many stocks are down so low, i'm looking at splunkator which is good. i do prefer nvidia. i'm sticking with that one. bob in louisiana. bob? >> caller: hello, jim. >> bob. >> caller: merging with chemicals -- >> oh europeans will hold that deal up forever because it involves merging sea companies. if they walked away the stock would go higher. i didn't always think that. but travel trust ownes it. we will have a resolution. i would own the stock. to ken in florida. ken? call first-time caller from miami. love your show, jim. trust your advice even if you were to tell me 5 and 6 is better than 7 and 4. took a schnitzel at 76 for main holding of hika but keeps going up. what do you think? >> boy, everyone has my number on these, don't they? howie,

that will clear kkr out. they'll no longer have a stake in it, no longer hurting us. of walgreens that's about as strong as i've ever seen from a ceo. my charitable trust owns the stock. we're advising club members of actionalertsplus.com that we'd be buyers when the secondary is completed if we were allowed. the restrictions probably won't let us. against walgreens, all cleveland has to offer is eaton. eaton sadly reported a disappointing quarter last night pretty much across the board with weaker orders, particularly in truck-related businesses. indecision surrounding the election and the weak macroenvironment had softened demand, causing him to trim the company's forecast. it was a very heartfelt and downbeat conference call quite frankly. it sounded like the tribe had lost already. game one, chi town. next up in our world series of stocks, we've got boeing versus sherwin-williams. when boeing reported last week it traced out a scenario of terrific orders, huge cash flow and a remarkable book of body planes but also for defense. given all the recent hand-wringing a

that will clear kkr out. they'll no longer have a stake in it. it shows the level of commitment of walgreens that's about as strong as i've ever seen from a ceo. my charitable trust owns the stock. we've advising club members of actionalertsplus.com that we'd buy if we were allowed. against walgreens, all cleveland has to offer is eaton. eight be sadly reported a disappointing quarter last night pretty much across the board with weaker orders, particularly in truck related businesses. the ceo said the indecision regarding the election softened demand, causing him to trim the company's forecast. it was a very heartfelt and down bet conference call quite frankly. game one, chi town. next up in our world series of stocks, we've got boeing versus sherwin-williams. when boeing reported last week it traced out a scenario of terrific orders, huge cash flow and a remark be book of business especially for narrow body planes but also for defense. given all the recent hand wringing about how aerospace had got enweaker, i found it a total wake up call. this

bloomberg has been told the kkr is only bidding for takata.nt when automakers met last week to bid for the troubled automaker. have issued ad to tender. volvo has unveiled its new model built in china. they say the production of the and other models will be move to china as part of a move to make the country a global hub for car production and exports. the ceo said the move from europe to china has practical reasons behind it. impossible to grow and a country like china based on exportation. it is too expensive. you have to be present. it is definitely nothing for europe. componentsrary, some and engines will be imported into china. this is an advantage for both sides. a plane loved by passengers but unloved by airlines and leasing companies, the a380. are drying up. airbus slashing production output by more than half. our next guest is optimistic and ordered 20 planes two years ago at the singapore airshow. >> joining us now is the ceo of .medeo >> thank you for having me back. >> any regrets? >> none whatsoever. our order is something we kee

kkr dropping out of the race. , we are overn here. there we go. look at the map.ittle bit of a spec there. philippines up for the first time in nine days. fourberg has been down for straight days. we are approaching a key support level for taiwan, the 100 day average. blowing past the 50 day, there we go. hopefully don't hold. we will see what happens next week. not a lot of risk ahead of the big weekend on the table at the moment. things are being put aside until we get more certainty with a certain event in the u.s. next week. rishaad: a look at the business flash headlines. resuming his training day, suspended after reports that the u.s. division was planning to file for chapter 11 bankruptcy protection. it will disclose more information as it becomes available. buyerspany began seeking after regulators in the u.s. and japan that ordered recalls that were already the biggest in the auto industry's history. shares of noble group under pressure, indeed. the 800 million dollars sale of its u.s. energy division. it will sell the company to the houston-based corpora

he has been working for kkr, i remember something of an email scandal here.] >> that is right. wouldeneral petraeus bring to this job is experience. he oversaw military operations in iraq and afghanistan. 2012, he had to step down after it was revealed he had shared classified documents with his biographer, with whom he was having an extramarital affair. yes, you may recall that donald trump as a candidate did spend a lot of time criticizing hillary ainton for her use of private email server and suggesting that was irresponsible because it had the capability of sharing classified emails. be a problem this if he were to be considered for this position? one side seems to throw mudslinging accusations, the when itde not so much, comes to national security. would you agree that might not be a problem? l become part of the political discussion. in terms of technical matters, general petraeus had a plea deal that involved probation and a fine. ghhe would not be precluded from this role he has fans on both sides of the isle. jim comey said back in the throes of the

he's someone who's been at both nyu and usc and someone now working on wall street for kkr, traveling the world as a security analyst. he has a great deal of respect in the foreign policy community, certainly the gulf states and the middle east. i have covered him in iraq, afghanistan and elsewhere. of course at the cia. he pleaded guilty. he was involved in mishandling the classified materials. democrats loyal to hillary clinton really rejected the comparison that david petraeus was somehow less guilty than the accusations against her mishandling of classified materials on the private server. a retired general and this president isn't going back to george marshall but certainly colin powell. you covered donald trump. he likes the generals. by the way, during the campaign said a lot of critical things. but these are the trump favorite generals, not the generals he was anonymously disparaging during the campaign. >> and not all of them. when you talk about mattis or petraeus. we saw mike flynn. they aren't just loyalists coming in, being considered for the positions. petraeus is intere

then he spent a couple of years as an advisor at kkr, one of the private equity firms that owned nxpsemi before it came public. about a year and a half after taking the helm, clemmer took nxp public. it had over $5 billion in debt, and the initial offering price was actually slashed from the 19 to $21 range down to $14. why? no demand for the shares. not a lot of enthusiasm. but take a look at this chart going all the way back to the beginning. nxp stock spent the rest of 2010 rallying. then it stumbled hard at the beginning of 2011. after that it embarked on an amazing multiyear run and that's because under clemmer's leadership, it has spent the last six years innovating like crazy but in a very disciplined way. he didn't spend like crazy. he always focused on growing his businesses 50% faster than the competition, and he always delivered. for example, nxp helped invent what's known as near field communications technology. now, you actually know what this is. you just never heard the term. these are the chips that help make apple pay or samsung pay possible. the same technology help

in fact, next week, kkr, and a number of the other large private equity firms are going to be hostingscuss lessons learned of the various firms. kkr, for example, has hired nearly 42,000 veterans now with its portfolio companies in america alone. >> i mean, i would think that when you're in the armed forces, there's -- i mean, there's privates and there's generals, but everybody's leading, aren't they? even a private has peers and he wants to lead for them. and i just think it instills those type of values that are absolutely transferable to the business world, right? >> that's right. they stepped forward to serve this country. and they want to continue to serve in different ways. they're also incredibly entrepreneurial. when things are rough, you need people who can handle it. and the men and women who have served in iraq and afghanistan have been doing that for over a decade. we're not a charity, we're an investment. you guys talk every day about investment opportunities. this is a generation of people who are an investment opportunity for our country, across every industry, across

kkr has agreed to buy auto parts maker calsonic.ff less important businesses. a change at the top of fidelity investments which manages more than $2 trillion. abigail johnson will take full control of the family-run firm early next month. she was seen her father, ned johnson, who will become chairman. that is your "bloomberg business flash. we are honored to have on the set brian kelly. he is the points guy, which to how hes justice has single-handedly changed the travel business. before we get to thanksgiving, give me an update. next year do we get 200,000 miles, some stupid charge card? ryan: the battle -- have heard rumblings that american express will come out swinging in 2017. tom: does jamie dimon hate you? brian: no, we text message. we are friends. i am kidding. what is the number one tip you have for the panic? brian: the panic is overblown. we like to hype it up. but i would say go to the airport prepared. get your tsa pre-check. it is a little late now if you do not have it already. we know airlines charge fees for everyt

kkr has dropped out of the bidding for the troubled japanese airbag maker, takata.m the private equity firm were not present last week when automakers met with hitters for takata. safety systems is among those still seeking to buy the company which is blamed for the largest auto recall in history. alibaba posted higher-than-expected quarterly revenue and earnings. china's biggest e-commerce company is capturing more of the consumer shift to shopping on mobile. revenue from cloud computing services more than doubled. next week is alibaba's single day event, the world's biggest 24 hour shopping promotion. this is bloomberg. up, how does a potential donald trump presidency affect the market? ashave the victim jumping up volatility increases -- we have the vic jumping up as volatility increases. tobias levkovich will be raising his opinion. ♪ alix: the u.s. election is just days away, market volatility has increased. this is that bottom panel, that purple line, the vic is measuring volatility. levkovich, tobias how much of this volatility pick up in the next 40 days --

three the american investment counsel is a body of private equity investors such as blackstone and kkr and others they provide information on the private equity industry in terms of its value added to the us and global economy. they conduct a ranking every year in terms of public pension plans and their private equity portfolios. as first consistently ranked in the top five and in this past year we ranked number 2/155 plans in the country. so i want to give special thanks to art and to tonya and to justin and to glenn and cynthia and also to the board. for this really lofty recognition. in terms of some closings and things were previously approved in closed session, is the energy and minerals fund which was closed in august. we did get our full 100 million. the harper asset this is the our rj coinvestment that we asked for $50 million knowing we would not get that and indeed we did get 25 million. a layup which the board approved last month. we asked for 35 million and we also knew that was oversubscribed and we got 25 million. we took two additional postings that, since the publicatio

kkr striking a big deal in japan. it's buying autoparts maker calsonic. it beat out rival firms.according to reuters. >>> and boeing's commercial aircraft unit has a new executive. to head its biggest division. he had been head of ge services. >>> in political news, donald trump turning to youtube late yesterday to update the country on his transition and policy plans. including withdrawing from the tpp trade deal. distributed by the president-elect's transition team. and this was not on event that was open to the press. >> on trade, i'm going issue a notification of intent to withdraw from the transpacific partnership. a potential disaster for our country. instead, we will negotiate fair bilateral trade deals that bring jobs and industry back onto american shores. >> and we'll have much more on president-elect trump a bit later this hour with former governor and senator judd gregg and former governor ed rendell. he was also dnc head, wasn't he? long ago? >> either dnc head or head of one of the congressional re-election committees or something. >> and apparently that was an inte

three the american investment counsel is a body of private equity investors such as blackstone and kkr and others they provide information on the private equity industry in terms of its value added to the us and global economy. they conduct a ranking every year in terms of public pension plans and their private equity portfolios. as first consistently ranked in the top five and in this past year we ranked number 2/155 plans in the country. so i want to give special thanks to art and to tonya and to justin and to glenn and cynthia and also to the board. for this really lofty recognition. in terms of some closings and things were previously approved in closed session, is the energy and minerals fund which was closed in august. we did get our full 100 million. the harper asset this is the our rj coinvestment that we asked for $50 million knowing we would not get that and indeed we did get 25 million. a layup which the board approved last month. we asked for 35 million and we also knew that was oversubscribed and we got 25 million. we took two additional postings that, since the publicatio