erik schatzker will be talking to david rubenstein.is bloomberg. ♪ vonnie: this is "bloomberg markets." let's head back to erik schatzker at the milken institute global conference in beverly hills. erik: thank you. i'm here with david rubenstein, cofounder and co-ceo of the carlyle group, one of the world's largest revenue equity investors. it is not just corporate private equity. you are a multi-asset manager. we might as well begin with corporate private equity. that is what you are known best for. the question i keep asking is a simple one, are you a buyer or seller? david: we do both. obviously. it has been a very good time for the last five or six years to sell things. more assets have been sold in the last six years by private equity firms that have been bought. i think prices will come down through the latter part of this year. i think you will see a fair amount of acquisitions being done. erik: why would prices come down? the economy seems to be beginning to accelerate. the data are not uniform or universal. we also have this p

jason: that was david rubenstein of the carlyle group.ne of the themes was the amount of money pouring into the private equity industry. i asked hugh macarthur, the global head of private equity what that meant for dealmaking going forward. hugh: fundraising returns to be strong and returns are up. the dealmaking has been very difficult because of tremendously high prices that have continued to persist in the industry. really providing a lot of headwinds for our investors trying to get a lot of money. jason: that's what we are hearing in the corridors. let's talk about fundraising for a second. especially for the mega buyout 5 billion plus funds raised since the crisis, how long can this go on, this robust fundraising environment? hugh: it's going to get harder. we call this the elephant and the snake problem. huge amount of deals that were done, in 2006 and 2007, have been monetizing over the last four years. as lps have had their coffers filled with tremendous amounts of cash from that, they want to put money back into the industry. ret

gloeshl conference underway in beverly hills, and david faber is there with cofounder and coceo david rubensteint. he is both those things in addition, by the way, to being his own talk show host which people don't know, david, you do the interviews that we'd like to do, and you just interviewed wilbur ross, by the way, anything interesting to say? >> well, many interesting things, and i asked about the slippers he wore. it was commented he wore slippers at the state of the union and said they were made for that event and didn't realize people would notice his footwear, but liked them and recommended them. >> interesting. your footwear looks fine for this event herement talk about events when it coming to private equity. >> okay. >> you lead an event that's going to monetize the overall investments last year, we did not see a lot of ipos. this year is changing. is the likelihood of being anyone to take something public increasing your desire to do so in terms of starting to actually realize investments? >> in private equity for the last five years, more money returned to investors than invested,

our first conversation is with david rubenstein, the co-ceo and founder of tar

the reconstruction started in 2015 after a gift from david rubenstein, washington philanthropist andry buff. >>> we are going sugar free on "news 4 today" this week. we just started this. limit for most people is about 40 grams of sugar per day. i think people should try to go much lower. >> i'm doing a lot lower than that. if you are going to try this with us, we have four things you might want to know. first, here's a list that people don't eat too much sugar. 3/4 of americans do. many of us have twice as much as we should every single day. >> that is because sugar is often sort of hiding in a lot of different places, not just in processed foods have added sugar. even healthy ones like yogurt and granola. >> i discovered skim milk, one cup of skim milk, 12 grams of sugar. one other thing you want to know. you don't need to stop eating everything. fruit has sugar but it's all natural. the other benefit, it gives you fiber and vitamins. eat the whole fruit. >> last thing here, you can still eat dessert, you can. you should focus on healthy homemade recipes. we're talking about free s

our interview with david rubenstein, co-ceo of the carlyle group.out if he is a bear or bull on current market trends. that is worth listening to. this is bloomberg. ♪ guy: 15 minutes past the hour. welcome back. you are watching the open. nejra cehic, over to you. nejra: numbers from sage group, a software publishing company. a are seeing it gained quite bit more earlier, actually, it hit the highest since november 2016 in this session. we are still early in the session. it rose the most since june. we are up 1.2%. it has been one of the biggest gainers on the stoxx 600. in terms of the biggest losers, g'm looking at dialo semiconductor. showing thus falling iphone sales. dialog semiconductor down 2.9%. it was dropping quite a bit more than that just a few minutes elteland i'll tell -- and significantly down. this after the board has filed a police report regarding suspicions of accounting violation and or fraud against the former ceo. what are your mid-cap movers, guy. guy: thank you very much indeed. of earnings middle season in europe. let us tu

if you are david rubenstein and you have a lot of your money tied up in carlyle and in all your fundsiquid, then very long-term trap that you then want to take out, you're probably going to be very conservative with what you put into the markets. i would think prudently. you are not buying the hottest stocks. that's not what you do. you have your risk already in your business. if you have $35,000 to invest, i would say you should buy an s&p index fund and sit on it and never look at it again and wait until you actually know the date of retirement. david: who manages your money? [laughter] james: i have a wonderful financial advisor. david: at morgan stanley? james: at morgan stanley and she does a terrific job. david: so does she call you up and she is worried that she does not do a good job for you that she might lose her job? [laughter] james: she is a professional. she treats me like hopefully all of her clients. i probably get a little extra care and attention, i suspect. they are a professional team and do what they should do. they do a quarterly report. we sit down with my wife

and david rubenstein. mark: big day ahead. coming up, apple shares have been on quite a run.the big gains continue? we have the apple numbers you need to know. this is bloomberg. ♪ ♪ live from new york, i am vonnie quinn. mark: in london, i am mark barton. this is "bloomberg markets." time for the bloomberg business flash. shonda beeng inspected earnings. the company succeeding in getting more customers to pay full price. they added new products and rely less on discounting, bumping up sales for a fourth consecutive period. first-quarter profits that beat estimates. earnings were helped by rising oil prices and more cost cuts. rose again, showing how the british company is struggling to cover its commitments. more on bp next hour. that is your latest bloomberg business flash. vonnie: time now for our bloomberg quick take, where we issues ofckground two interest. japan is the world's senior citizen. lifees of rising expectancy and shirking birthrates is devastating regional communities, continuing to balloon public debt, and starving the economy of labor pay the governor -- go

>> i didn't at the time, but it turns out it's a good friend of mine -- david rubenstein. >> rubenstein billionaire, once purchased a 13th century copy of the actual magna carta for more than $20 million. >> about $3.2 million, you could feel mr. rubenstein starting to slow down. he had to think about each bid more carefully. >> and then, the final bid. >> on my left, $3,800,000. >> sold to david booth! >> you paid more than the emancipation proclamation. >> yeah, well, that's because there's only one original rules, and the emancipation proclamation, i think, had about a dozen. >> with the auction house commission added in, the price comes to $4.3 million, the most ever paid at auction to date for any sports memorabilia. for the heirs of james naismith, the man who invented a game that grew into a multi-billion-dollar worldwide phenomenon, it's a long overdue payday. wait! stop the clock! yes, there's but seconds left in this "strange inheritance" tale, but still time for one last twist. >> turns out, the naismiths don't cash in. they donate their millions from the sale to a charity th

at this point, i'd like to thank david rubenstein not only for participating in the series, but for making this series possible. thanks to his generous gift, we're able to host tonight's conversation and continue our public engagement programming. before we get started, i'd like to take a moment to encourage you to complete and turn in your surveys. we learn a lot from your input, and we use the information to develop our programming. so thank you in advance. also, please, remember to turn off cell phones. and now i'd like to introduce our featured gift, dr. david grinspoon. david's an honest-to-goodness astrobiologist, an award-winning science communicator and a prize-winning author. his latest book, "earth this human hands," explores the transformative role humans have played in this period and provides solutions for better due wardship of the earth. -- stewardship of the earth. david will start off with a short talk, after which he'll be joined on stage by kirk johnson for a short conversation, and then we'll open the floor to questions from you, the audience. and then we'll conclude wi

>> i didn't at the time, but it turns out it's a good friend of mine -- david rubenstein. >> rubensteinonaire, once purchased a 13th century copy of the actual magna carta for more than $20 million. >> about $3.2 million, you could feel mr. rubenstein starting to slow down. he had to think about each bid more carefully. >> and then, the final bid. >> on my left, $3,800,000. >> sold to david booth! >> you paid more than the emancipation proclamation. >> yeah, well, that's because there's only one original rules, and the emancipation proclamation, i think, had about a dozen. >> with the auction house commission added in, the price comes to $4.3 million, the most ever paid at auction to date for any sports memorabilia. for the heirs of james naismith, the man who invented a game that grew into a multi-billion-dollar worldwide phenomenon, it's a long overdue payday. wait! stop the clock! yes, there's but seconds left in this "strange inheritance" tale, but still time for one last twist. >> turns out, the naismiths don't cash in. they donate their millions from the sale to a charity that hel

david rubenstein from carlyle is here.ir deals done, the deals that are in the pipeline done in the next couple of months before this private, before tax reform, if it does hit. so what they're doing right now, they're rushing to get these deals done, the deals in the pipeline because they want to get them done before this private equity loophole is -- liz: are they hiring lobbyists or just accepting the fact it is probably going to come? >> that's a great question. first they're pushing you out deals from what i understand. how many deems we're talking about? we're talking about hundreds. we don't know the exact numbers because they are private equity deals. they don't announce it. you can imagine these are hundreds of deals they want to get done quickly before they lose this loophole. the second plan of attack, it is kind of interesting, doing it two-prong, exactly what you say. sources telling fox business network is that private equity is about to unleash the sort of mother of all lobbying efforts in washington to prev

barrick.m we also have an interview with david rubenstein., this is bloomberg. ♪ emma: the insurer has raised its outlook for the year. they have benefited from better results in the business. they have largely gotten out of obamacare. the act and lost $4 billion. ceo of pershing square capital management has learned the lesson. he spoke with francine. mistakes wasthe not being on the board. we could not see what was going on. francine: doesn't mean you will stay away from pharmaceuticals? bill: he will probably stay away from pharmaceuticals. emma: they are working on two big investments. that is your bloomberg business flash. in his interview yesterday, the president talked about his tax reform plan. he readily and that what he was putting out there was a starting point eared everything is a starting point. maybe he won't have to change at all. everything is a starting point. we are joined by michael from morgan stanley. michael, let me start with you. what do we know about what the president is trying to take us on tax return? michael: it'

something happening on sunday, march 19 to be interviewed by the philanthropist and historian david rubenstein. come to that as well. come back for more. thank you all so much. [applause] >> you are watching american history tv, 48 hours of programming on american history every weekend on c-span3. follow us on twitter at c-span history for information on our schedule and to keep up with the latest history news. code authors discuss their book fdr goes to war. about how he expanded executive power. and how they shaped wartime america. the offers -- authors contend that fdr used world war ii to promote his own agenda which according to the authors included the expansion of the executive branch, curtailed civil liberties and excessive spending that left the country financially ill-prepared for the japanese attack on pearl harbor and the subsequent u.s. entry into world war ii. this is about one hour. >> good afternoon and welcome to the cato institute in exile. we're glad to have you folks here and we're very proud to say that in about two months the construction on our building will be complete

biologist wasn't, journalist eddie young, science exchange director and merchant, philanthropist david rubenstein and most recently, president of the university of maryland baltimore college, freeman -. this spring will feature florence williams as she explores the science of awe -- i would like to thank -- before we get started i would like to take a moment and encourage you to complete and turn in surveys. we learn a lot from your input. and we use the information to develop our programming. thank you in advance. also, please remember to turn off cell phones. now i would like to introduce our featured guest, doctor david grinspoon. david is an honest-to-goodness esther biologist. a prize-winning author. his latest book "earth in human hands" explores a transformative role that humans have played in this. now known as the "anthropocene" and provides solutions for better stewardship of the earth. david will start out with a short talk. after which he will be joined on stage by kirk johnson for a conversation. then we will open the fourth two questions from you, the audience. then we will conclude

council's lessons from history series which has been possible from the generous support of david m rubenstein. today's meeting is on the record, it is also being livestreamed over the internet on cfr.org so for everyone who is watching us by the internet, welcome. since this is on the record, anything you say can and probably will be used against you. it is my great pleasure to introduce the three distinguished historians we have with us today to talk about world war i. you all have complete bios so i'm not going to go through havething our panelists written over the course of their distinguished careers but i want to briefly introduce them. we will go from my immediate geographically. john milton cooper, he is professor emeritus of history at the university of wisconsin that -- wisconsin madison, and he is written on early 19th-century and 20th-century history. his books include "woodrow wilson: a biography" and "breaking the heart of the world." she is professor and chair of history at the history department at chapman university. she is also president of the society of military history. sh

yesterday i had david rubenstein from carlisle on, talking about what has been a relative dearth of newtainly of size. what's your view there? do you think we're going to start to see more activity again from private equity investors like yourself, and those that you invest with? >> we're always in that market. there's always something to do. it ebbs and flows. right now things are expensive. they're expensive, and it's harder. and it's the same story with anything. when stuff gets harder you have to dig deeper, look a little harder. it's not -- the pickings are not as easy. we're in that stage right now. and so you work harder with your partners, and you have to find those opportunities where you think that you can add value, create value once you own something. >> right. >> that's hard per. >> and for a long period of time. finally what is the view from canada? are you concerned about the relationship between your country and ours, take already y particularly when it comes to trade and the impact on you? >> i know our government is very interested and interested in working with this a

we have someone being interviewed by the 12 -- philanthropist david m rubenstein. come to that as well. come back for more. thank you all so much. [applause] >> you are watching american history tv. onhours of programming american history tv on c-span3. follow us on twitter at c-span history. keep up with the latest history