maria: steve schwarzman, the chairman, ceo and found are of the blackstone group.on't go anywhere. maria: welcome back. time for a lock at some of the big market events coming up in the week ahead that could impact your money. monday kicks off a big week in earnings. we've got mcdonald's and lowe's reporting their first quarter. also a number of economic reports of course. we've got the latest on personal income, the chicago purchasing manager's index is typically a market mover. now tuesday we've got the meeting scheduled as well as the latest numbers on auto sales and construction spending. the latest earnings news from apple. that's going to be a market mover. dan niles was on the program last week saying apple is going to miss. remember that? merck and allstate. we're not expecting an interest rate hike. the meeting is expected to talk about the economy but no moves in rates. wednesday the fmoc will release the findings a enwe'll get the latest employment report adds well. earnings from tesla, that will be closely watched, given liquidity issues. kraft, hiens a

it has no patent protection. >> steve schwarzman but i'm not standing still...y, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪ me tell you -- let me ask you about growth there. the last time we spoke you said you're entering a new phase here in terms of growth picking up. you're now in the insurance business, in the retail business, not just the largest alternative investment manager in the world. tell me about where things are going in terms of your own firm. >> well our firm, we're in the business of, you know, sort of innovation. finance is a funny business. you know, it has no patent protection. and so anything that you think you're doing, that's pioneering, could be replicated by somebody else very very quickly. there are no barriers for entry in effect. and so to be a successful financial services business, you have to be in the intellectual capital invention business. and that's what we've always done at blackstone and that's how we've become so much larger than, you

maria: steve schwarzman, the chairman, ceo and found are of the blackstone group. go anywhere. don't go anywhere. more hi, kids! i'm carl and i'm a broker. do you offer $4.95 online equity trades? great question. see, for a full service brokerage like ours, that's tough to do. schwab does it. next question. do you offer a satisfaction guarantee? a what now? a satisfaction guarantee. like schwab does. what are you teaching these kids? ask your broker if they offer award-winning full service and low costs, backed by a satisfaction guarantee. if you don't like their answer, ask again at schwab. if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses

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niall: it means schwarzman is the brains and the money behind e schwarzman college rolodex. steve was able to bring this group together. as well as me to do the teaching. there are two points one can make. the first is clearly there is an enormously important network and you have just listed some of the key nodes in that network. you could find similar names and combinations of names if you want to the world economic forum. or the council on foreign relations or you just hung out in new york at the four seasons. this is a real elite network and it is very important to recognize that it exists and is not dreamt up by conspiracy theorists. it's not an invention. mostly men. another one another. -- know one another. second point, this is an elite that seems in this case to be trying its best to do something i think is good, mainly to build a new kind of network that connects china to the west. the schwarzman scholarship program was dreamt up by steve as kind of a version of the rhoads scholarship which used to bring people to study in oxford. still brings people to oxford. stev

thank you, coming up i will sit downs exclusively with chairman ceo of blackstone group stephen schwarzmanrump's tax reform plan and a lot more. stay with us. that is next. ♪ if you are going away in texas you got to have a -- ♪ ♪ if you are going away in texas you got to have a band ♪ to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. maria: breaking news first reading first quarter gdp coming in 2.3%, beating economistss expectations talk about the economy globally speaking how to invest joining me right now fox business exclusive chairmen ceo founder of the blackstone group stephen schwarzman great to see you. >> thank you for joining us that number we are looking at 3% expectations for the year, what is your take on where we are today, in the u.s., when you look

we'll give you a sneak peek at peter schwarzman the ceo of blackstone. >> a good faith effort on both to try to avoid you would call it a trade war, i might call it a strayed skirmish. that doesn't -- a trade skirmish. that doesn't help anybody. what helps is to allow freer competition. charles: coming up, the first look at first quarter gdp. but economists are jittery. we'll break it down next. charles: earnings took the spotlight this week but there was economic data that could have bigger implications for investors. we know gdp blew await estimates. then there is consumer sentiment holding steady. but signs of concern about the trade showdown. a former dallas fed advisor and president of money strong. she says the market and global economy are at an inflection points. >> i think we are hearing from the ceo of caterpillar from the university of michigan also said we are at an inflection point. we have wages rising at the fastest pace in a decade. that's definitely good news for u.s. households. it's about time their wages started to pick up. but costs are rising quickly. and we know