robert lewin, kkr cfo.ou joining us. you will not tell me, but what kind of visibility you have in the back half of the year in terms of deals, deploying capital, the kind of returns you can expect? robert: thanks a lot for having me on today. as you mentioned, we announced our intra-quarter monetization, a record number. to put that into context, last year we generated two dollars per share of earnings. what we told our investors is to expect to more than double our earnings to more than four to five dollars per share. the first way is by increasing our fee related earnings. that will happen to our fundraising activities. the second way we think we can drive earnings is through monetizing our existing investment portfolio, that is what our announcement today was about. our 900 plus million dollars of revenue is more than 100%. it gives you a sense of our conviction and our ability to be able to scale our earnings over the next number of years. guy: good morning. thanks for the time. you have a lot of money

that is what kkr underwrote. growth and they saw the explosion, and that is when they said we are in. guy: is the market bigger post-pandemic? is the market bigger because of the pandemic? bill: i think yeah. in the segment we are playing in, you really need a net worth of $50 million or more and making three dollars -- making $3 or $4 million, so you have to be wealthy. but again, for us, i think where covid has helped is it made us all rethink our businesses. we were doing this business pre-pandemic. in the pandemic, a lot of our owners said we will try it out, and from that standpoint, it exploded. so for us, it pushed us along quicker, our senior management team basically sat around the room in april and said what do we do, and we just said let's go for it. alix: we appreciate you stopping by. bill papariella, jet edge ceo. the european close coming up next. we will take you through it. this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also nee

so we think that the kkr endorsement is very helpful.ents where they believe there's significant upside and return for shareholders, and what we want today do is, as you noted, do our cash flow levels, make sure it also would benefit shareholders in the near term by providing a buyback opportunity. so this kind of creates an opportunity where some investors who might be more short term oriented would be able to share their shares back, and if you are more long term oriented, you can ride it. >> starboard is not going anywhere, and i was -- it was disconcerting to read in their letter that they said to date, the board has refused our attempts to work together, and we appear to be at an impasse, when you have called the dialogue constructive in your last letter. so i mean, it's kind of he said/she said. they don't regard it as constructive, and you do i would rather see, because i like you and i like starboard. i like -- it sounds a little silly, knrut like everybody to get along. i would love to see a compromise is there anything you can

henry: ultimately at kkr, we think rates will back up to 2.5%.you look at the past couple of recoveries, bond yields have gone up about 160 basis points from the bottom during the first parts of the recovery. we've only moved up about 100. there is wiggle room that to make you north of 2%. that is the bull case for why rates will go up. let me give you the offset. transitory inflation is probably peaking. the bond market, and we got the huge print last week started to rally. i think -- savings is supposed equal investment. i do not think that is the case. there is so much money in the system that savings will be above investment in the yarn for yield will remain huge. we have over 200 companies globally, we own an insurance company. what central banks have done is they've taken away from savers and that has created pent-up demand for yield. you see that in the way we are ultimately starting to see clients need income in their portfolios. alix: there is a huge longer-term implication. even at rates of 2.20 5%, that is so low. does higher inflation

individual names, kkr and cloudera. kkr looking to take the latter company private.'s bring in should ali bass sick. -- let's bring should ali bostick -- sonali basak. >> it has been trading below ipo price, so it is a dollar higher. carl icahn, the company has said he is in support of this deal. there are other software companies. it is a hot market, a hot space for deals. the rational is what we see -- the rationale is what we see with a lot of private equity, that may it will do better in private hands. questions about what the next deal would look like when it comes to cloudera. and snowflake, a red-hot ipo as well. alix: is this in line with other deals we are seeing in private equity? what do you think? sonali: great question because private equity is making this big technology play. software is crowded and people go into that space when they know they can do well. what i am hearing this year is that money alone, leverage alone, will do it. letting all these private equity firms out to prove that they can be better owners than the public markets themselves. we

huge lbo in the health care business over the weekend, and just in the last 10 minutes, it is presumed kkr is involved in a transaction. we will get more on that in little bit. we need to get briefed because we pick to be our encz apple, vr encz imac. [laughter] -- the rn chapel, the are encz imac -- the orang apple, the orange imac. [laughter] lisa: we are looking at the share price right now, down 0.2%. amazing that it is not down more considering the tax implications over the weekend with g7, but really it is all about cash flow at the likes of the keene household that funnels into this company. today, president biden speaking with a key architect and leader of the republican effort, senator shelley moore capito. she will be talking with him yet again. no deadline. the infrastructure bill looking more likely given the fact that there are still talks ongoing, and there haven't than firm ultimatums in terms of deadlines . young teens 12 to 15 in germany can start getting covid vaccinations for the first time starting today, really highlighting where we are in the covid pandemic cycle. we

kkr is saying we could run 2.4% we are at 1.5% now. it will be about the 10 year, where it goes next, depending on this fed meeting. then we have the pound. 1.41, unchanged at the moment. freedom day as they call in the u.k., the reopening has been pushed back by four weeks. you heard president johnson there at the start of the program. another all-time high in the u.s., hitting record highs, asia a bit mixed today. it will be a bit of a holding pattern as we wait to hear what jay powell has to say. your point to commodities, i put lumber in there. we are down almost 6%. trading below $1000 per board seat dashboard feet. the first time since march. we are seeing in l -- we're seeing a quality of inflation concerns. the fed begins a two day meeting today. who better to join us then michelle jamrisko? give us a sense of what the expectations are going into this crucial meeting. >> it is a really important thing to take a look at the timing and spectrum of extrication's we are looking at right now. i think no one can recent -- reasonably

reported the blank check company backed by richard lee and peter thiel was in per limitary talks with kkruld value the firm at $200 billion. >> let's look at stocks we are watching. in taiwan watching great electronics companies see output drop as workers are quarantined. we are keeping an eye on tesla suppliers in china after the ev players shipments on the mainland rebounded. evergrande on watch with regulators ordering stress tests. stock went higher tuesday following the buyback which prompted jp morgan to upgrade the stock. analysts noting previous buybacks saw positive returns because evergrande is what we are watching ahead of the china open as well as in hong kong. the bank lowered the price target for 15 hong kong dollars. >> which markets may be overstretched and do for correction -- due for correction. market coverage continues as we look ahead to the start of trade in shanghai and shenzhen. this is bloomberg. ♪ (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back p

kkr's independence energy is in talks to own a majority of the company. they are said to be near an agreement that would value the new entity at $5.5 billion including that. the aim is to expand the oil and gas according to people with knowledge of the matter. based in houston and operated under a new name as well as a stock ticker according to those same people. kkr declining to comment that talks are ongoing. no-deal has been reached yet. they seem to be doubling down on exploration and production companies as a lot of entities in that sector are trying to recover for years of poor returns amid the shale boom and bust, shery. shery: let's turn to amazon because it is becoming a focal point in the g7 tax plan. policymakers are crafting their international tax plan to make sure the e-commerce giant is included despite the company's profit margins under the 10% proposed threshold that would give other countries rights to collect revenue. anna anderson has the details. how are negotiators trying to make sure that amazon is included? >> it is a tricky policy

kkr is set to be close to a deal to buy -- in a deal from infrastructure. deal could be announced on monday and could value the company at 4.5 begin dollars including debt. the aviation office [indiscernible] fielding interest in the company last year. china's wh says it will buy back as much as $1.9 billion worth of stock. in a filing to the hong kong exchange on sunday, wh said it is planning to repurchase a percent of its stock at a premium of 17%. shares have been tumbling on higher prices. the stopping and starting monday. rishaad: a look at what is going on with markets. macau casinos, this moment down to what is emerging, china on the way down, all of these were, this after macau announced plans to ban residents from entering the city. the stocks among the worst performing stocks on the index. we are seeing falls on the overall hang seng as well. let's look at movers elsewhere. we do have the lunch break nearly upon us in japan, and we have on the move, softbank all the way up, and your's largest obligors were business, the company valued at one begi

speaking of bright spots, bloomberg news reported that kkr and cdn are are closing in on a deal to buy cordero at a deal that would be valued at $16 a share. that sent shares flying up about 24%. you saw stocks rallying today. we also got earnings after the bell because hewlett-packard falling after hours. that is after quarterly earnings actually rose 11% on a quarter over quarter basis, but its profit forecast, analysts are calling that tepid. zoom is an interesting story because it beat on revenue and eps. you initially saw shares fall, but clearly traders are looking at that earnings report and finding some things to like. emily: we will look at that earnings story and see how it plays out. meantime, another week, another hack. this time, and attack the forced a shutdown -- an attack that forced the shutdown of several meat plants across the country. >> the question is how do we up step our defenses? one of the things the biden administration is doing is try to get federal government and vendors to put in much more robust system. emily: i have to talk about the target. first, colon

-- mccrory infrastructure -- macquarie enter structure -- mopar and for structure has agreed to buy kkrritika gupta. this is bloomberg. ♪ this is bloomberg. ♪ ♪ >> in the relationship in trade that's been marked by significant in balance, i would say there are parts of this trade relationship that are unhealthy and have over time been damaging in some very important ways to the u.s. economy. tom: the u.s. trade representative there, moving the dialogue forward. we welcome all of you to "bloomberg surveillance." massive correction in order right now. i was back 20, 30 years with yuri and temer. we must correct the new fidelity manse up by the gillette factory . thank you for commenting. it is farther from fenway park. that's all you've got to know. lisa: serious correction this morning. tom: romaine bostick, thrilled you are with us this morning. jon ferro is off. right now on apple, and a controversial call, pierre ferragu is at state street research. a lot of people are more optimistic. you really push against the optimism on apple. why? pierre: it is really the question of the flipsid

. >>> it is time for the power movers kkr lower. the airport services company atlantic aviation. >>> next u.s. concrete soaring 20% why the supplier bought for $1.3 billion. >>> progressive lower why downgrading to underweighting with margin erosion and too many commercials. no just kidding go to cnbc.com/profor more. >>> ahead on "power lunch," a sit down with the ceo of biogen to discuss the alzheimer's drug approval. >>> should companies pay ransomware jeff bezos going to space and taking the amazon shares with him. heading to break june is pride month. cnbc is spotlighting here's kevin fln. >> be proud of who you are be true to yourself. never be something you are not to please somebody else. use your power help others with it. be fearless. be a leader. always stand up for what's right. your sense of pride in yourself will tear down walls and build a future that's for effect witible and inclusive. go fight for it. and since she's got goals, she might need help reaching them, and so she'll get some help from fidelity, and at fide

blackstone, kkr, and other investors are betting on laboratory space, for example. u.s. on record. these are expected to take a lot of time as companies call employees back over the next 12 months. as a petition for skyscrapers, and also in europe, as they deal with this hybrid kind of model. coming up on the european close, stephen king, hsbc senior academic advisor, will be joining me. this is bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. ♪ >> to count on his own in europe. this -- the countdown is on in europe. this is "bloomberg markets: the european close," with guy johnson and alix steel. ♪ alix: happy wednesday. here's everything you

speaking of bright spots, bloomberg news reported that kkr and cdnr are closing in on a deal to buy corderot a deal that would be valued at $16 a share. that sent shares flying up about 24%. it was a good day for adr's. jd.com, nio rallying. nio got a boost from the citi upgrade. we also got earnings after the bell because hewlett-packard falling after hours. that is after quarterly earnings actually rose 11% on a quarter over quarter basis, but its profit forecast, analysts are calling that tepid. zoom is an interesting story because it beat on revenue and eps. you initially saw shares fall, but clearly traders are looking at that earnings report and finding some things to like. emily: thank you so much. it is a big pandemic story. we will see how that plays out. another week, another cyberattack. this time on jbs. the largest meat supplier in the world. an attack that forced the shutdown of several meat plants across the country. how the current administration can help mitigate the damage. >> we have a pretty good idea of who is doing this. the question is how do we up step our defenses?

bloomberg reported back in march that the blank check company was in preliminary talks with kkr and tpges. a transaction could value the combined firm add as much as $2 billion. haidi, one story i have been watching some progress when it comes to diversity and the boardrooms. we are hearing from that report coming from the executive recruiter that the percentage of new black directors almost tripled to about 28% in those fortune 500 companies so we are talking about gains being had since the murder of george floyd really lead to those protests last year and this year as well but of course, it seems that the caveat is perhaps those gains came from other races being denied some of those board seats like latino directors slipping and women gaining fewer seats. haidi: that is a really depressing part of this. on one hand, it is so encouraging to see companies making this sort of progress. on the other hand, it makes you feel -- our businesses just allocating -- are businesses allocating one piece of the pie for all minorities and representation to tick that box? there should be seats at the

coming up, the kkr head of asset allocation.omberg. ♪ let's check in on the bloomberg first word news. benjamin netanyahu is already plotting a comeback. the israeli leader was voted out of office on sunday, replaced by a shaky government alliance. netanyahu issued a pointed warning in his last moments as prime minister, saying "we'll be back soon." the new coalition will govern with a slim geordie, -- a slim majority, commending 61 votes out of the parliament's 120 seats. in an interview on nbc, vladimir putin said it is becoming farcical when asked about the poisoning of alexi navalny. putin said russia isn't in the habit of assassinations. putin is due to meet president biden in geneva on wednesday. the u.k. won't be coming out of its pandemic lockdown just yet. british prime minister boris johnson expected to announce today that he will not lift england's virus curb for four more weeks. meanwhile, johnson says his nation is doing what it can to help vaccinate the world. pm johnson: leaders have pledged one billion doses. tha

coming up, the kkr cfo. this is bloomberg. ♪ let's check in on the bloomberg first word news. u.s.rned that the genetic makeup of some of the earlier samples of the coronavirus and china were moved -- were removed from a data best. the u.s. nih says the data first submitted to the u.s.-based sequence read archive in march 2020 were requested to be withdrawn by the same researcher three-month later. authorities in sydney are rejecting calls from some health experts for the city to interlock down to control an outbreak -- to enter lockdown to control an outbreak of the delta strain first identified in india. cases have doubled to almost 31 in the past two days. the biggest new property on the las vegas strip in more than decade opens today. it features 3500 hotel rooms, a 5000 seat theater, and a 100,000 square-foot led screen on the side of one of its towers. it partners with hilton group holdings for three hotels within the project, including anywhere brand. -- including a newer brand. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journali

but, de, you just talked about private money, and clayton, to a larger degree i argue kkr, has a veryong and storied history of taking names that appear to be underperforming their peers, managed to restructure and then bring them back as stronger players. see if that happens this time. >> yeah. a lot of money in the private markets that needs to be put to work and begs the question, are there other sort of cloud underperformers that could be ripe for a similar model we know activists investors have their eye on box dropbox. jon, your take on this ahead of the ipo starting building up its own cloud infrastructure in that prospectus from a few years ago led to $75 million in cumulative savings over two years, they said an example of a company bringing infrastructure back in-house yet also underperformed in the market and acquired hellosign. docusign off to the races and dropbox, a company not a ton of gains since the $21 ipo price, turned around $27.50 okay, but far underperforming some other hot names in this space? >> yeah. that cloud aspect you mentioned, really important when you'v

americans leave the comforts of their living room that's tonight on cnbc cloudera soaring after taking over kkr era at $16 a share, driving in other cloud names. let's bring in mike khouw with the action, mike >> i was looking at box which traded 4 times as many calls on puts on 150% of average daily call volume today. most active options were june 24 strike calls about 4500 traded for approximately 82 cents buyers betting it will rise above $24 strike price by at least 82 cents in premium they sfoent push the stock above the 52-week high in april. comparing these two companies they are fairly close it one another. the way i look at it if you're seeing valuation if someone thought box might be a potential target, that has been discussed going back to march, maybe 15% premium based on cloudera terms, don't know if they're that close in comps, maybe there's more premium in this one. we're looking at modest upside in next couple weeks >> all right, dan? >> we talked about $100 billion enterprise trading 25 times sales these two companies 4 times sales not a particularly high premium. >> no. >> tha

kkr taking this company private.was supposed to be an open-source challenger to a lot of these cloud companies like microsoft, amazon, etc. they just weren't able to trade punches with them, so they are going private. amc priced about a dollar above where it closed friday. those shares higher by about 11%. the company says it is going to use those proceeds for acquisition. a downgrade for lamentable. analysts say it's partnership with shopify and pellet on is going to be a bit dish and -- and peloton is going to be a big benefit here. ne-yo sales were up about 100% year-over-year. tom: romaine bostick, thanks so much. greatly appreciate it. how do we on a june morning synthesize what we are seeing? the dynamics, the newtonian plumbing of the financial system? let's take the conversation we just had with edward yardeni about inflation, and maybe it is cost push, maybe it is demand pull, zachary griffiths has to synthesize this for wells fargo. how do you get from inflation guesstimates to yield guesstimates over to th

private equity firms, a number of them that were preipo in a lot of these names, carl lyle, black stone, kkrp about 49%. so, there's different ways to play this ipo boom, but just interesting to look at the individual players >> yes and bobbi you've been making that point as well which is a lot of taking to market, not necessarily after they've hit the market >> yes and if you look at the first day gains for ipos this year are very robust. 24% was the average gain on an ipo. the problem, kelly, is most of the gains on the first day, 22% of it was on the first day only a couple percent was on the day what we call the aftermarket, the day after and you and i have talked about this, this is when the people can't get in you buy in on the first day. stock prices at 10, opens at 15. you're just an average viewer of cnbc you're buying in at 15 somewhere and your aftermarket return isn't nearly as great as those people who were able to buy it from the initial -- from the company initially. so, that's the problem but michael really had it right. there are two things that drive ipos first is the state

one tech stock sky high in today 's pop stocks, cloudera going private in a $5.3 billion deal with kkre cloud data analytics firm agreeing to a $16 a share price tag, which represents a 24% premium for investors, as of last friday's close. shares right now, not quite there yet. we're about $0.07 away at $15.93 it's a gain of 23%. amd supercharging fans with the unveil of its newest gaming chips and an electrifying relationship with elon musk's ev empire. we've got the semiconductor star taking aim at nvidia showcasing three new gaming chips with enhanced speeds and graphic s the announcement kind of overshadowing nvidia's gaming chip launch and nvidia is seeing a slight gain of a third of a percent but amd is up 1.25% after additionally confirming its chips are also feeling tesla 's model s and x infotainment systems. tesla though, hitting some speed bumps after ceo elon musk announced the fifth price hike in the tesla model y over just the past few months. the stock is down about half a percent, musk blaming "major supply chain price pressures, industry-wide and raw materials rising p

cloudera acquired by private equity firms kkr and cd&r for $5.3 billion or $16 a share.g back. >> announcer: executive edge is sponsored by at&t business our people and network will help keep you connected let's take care of business. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. >>> welcome back good news in the fight against covid. the united states has reported the lowest number of cases in more than a year the seven-day average is lowest since march 31st of last year. we are seeing signs that people are ready to travel agai

kkr's independence oil and gas is said to be near an agreement to combine. sector seek to recover from years of poor returns. they will seek a listing in new york. >> the cb looks set to keep its stimulus flowing when policymakers meet this week. fed officials are in no hurry to taper. the european economy is further behind the u.s. is it useful to have cover coming through from the fed in the sense if the fed is not in a hurry to change the narrative, the ecd which is arguably months behind, will not -- >> the gap probably relates more to fiscal policy than monetary policy. monetary conditions in the u.s. and europe are very easy. but the united states has done a lot more to ease fiscal policy than the europeans. they are running big budget deficits. on average it may be more than half the size of what we have seen in the u.s.. the u.s. had a second huge round of stimulus in march and we have not seen anything comparable to that in europe. it probably explains in part the difference between the u.s. and europe. then you have some differences in vaccination

stock surging up today by 23% so this is an analytics cloud- based company, and yes, it looks like kkrbout $16 a share, so we're very close to that off a price which means that wall street thinks this deal will go through it's about a $4.7 billion deal in total, and that's pretty much the premium, the two fridays closing price of 24% that's why the stock is doing what it's doing right now. ashley: not bad, 24%, we'll say. china's rivals to trading at robinhood, guess what? they're looking to get into the crypto craze. what are they doing susan? >> i don't blame them so they are looking to get into the u.s. and global markets, and talking about brokers so yes there's a lot more competition coming down the pipeline and both have applied for licenses to operate right here in america and also in singapore so this will allow local customers including american ones to trade cryptocurrencies on these chinese platforms, and that's despite the fact that beijing has increased their efforts to try to limit trading at least in the chinese market and over-the-counter which was important why we saw

what is it that do you i know you're competing with the likes of kkr and blackstone.ou and wilfred for giving us the opportunity to come on today. we really do appreciate it i think the easiest way to think about our business is we're a large alternative asset manager. we have about $60 billion of capital, just under 300 employ embrace. all of us come in every single day trying to generate the best risk-adjusted profits we can for our investors. those investors are piensions, endocuments, and we have a press in the retail space when i'm happy to talk about. i'm proud of our performance in many of our funds, we have top -- you know, the way we generate those returns is by being a solution provide to the private marketplace. we have a number of strategy that we're happy to get into, but the two core strategies are that we provide financing solutions to the portfolio companies. we also provide capital solutions. so think about the owners of those firms. we're able to go to them and offer a debt financing, but in many cases, instead of them going public, we take a passive

bloomberg has learned that kkr is reaching an agreement to buy an airport services company, valued ataudi aramco, the world's biggest energy company, has hired banks to issue its first-ever dollar-denominated bond. aramco may offer three notes in 3, 5, and it 10 years as it seeks cash to honor the commitment to pay out millions in dividends. islamic bonds comply with the region's teachings, including a ban on interest. wumart is set to release two ipos. the ceo is seeking -- is taking e-commerce platforms public in the u.s. later this year. >> i strongly believe this market needs to be consolidated. if you predict that china will have trading. i am not surprised. it is reasonable. juliette: that is your bloomberg business flash. anna? anna: juliette, thank you. the u.k.'s health secretary has said it is too early to say whether a planned easing of coronavirus restrictions on june 21 can go ahead. a final easing has been thrown into doubt by the rise of the delta variant, the one first identified in india, which is now the dominant strain in the u.k. john roe is still with us. are you

>> including division of shell, mid stream, actually, casa can quebec, kkr, ifm, and coke industries. >> got it. i amen asking that because it h been reported that over the last decade colonial has distributed -- i amd looking a the article from i bloomberg. colonial distributed almost all of your profits sometimes more in the form of dividends to your investors. in 2018 for instance colonial pipeline paid $670 million to itss owners which exceeded your net income for that year. that's abe pretty good return. what do you invest in cyber security every year. >> great question, senator. we invests over $200 million over the last five years in our i.t. systems. >> that's cyber security? how about an on annual basis for cyber security in $670 million contributed in dividends in 2018 alone give me a sense of -- you are operating not unlike a public utility, right. >> right. >> we covered the fact you serve 45, 50% of the customers on the east coast. you transport 100 million addae. you shut down -- attack on you led o to 16,000 gas stationing being shut down. give me a sense of, given the

. >>> here's a check on shares of cloudera it's being taken private by kkr and clayton dubal ier andsurging 24%. "closing bell" will be right back [squeaky shopping cart] [sniffing] is the salmon wild-caught? she only eats wild caught. [cash register beeps] uh, i need a price check on honey. don't get mad. get e*trade and get more than just trading. investing. banking. guidance. wealth is your first big investment. get e*trade and get more than just trading. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. >>> oil prices jumping today a

> let's get over to mike now taking a look at rising m & a amid a flurry of deal announcements from kkrrth of deals announced before the market opened this morning, so that's a pretty decent little run of monday mergers. you see we are actually near relative historic highs. this is a quarterly breakdown. with those deals announced today we're probably up $600 billion with three weeks left in the second quarter clearly we're above 2019 levels which makes a lot of sense stock market at all-time highs, the corporate bond market very, very accommodating obviously you have companies looking for strategic options as we come out of the pandemic. so it seems as if we'll have a record-breaking year which makes a lot of sense also companies just have no need to choose among capex, buy-backs, dividends and m & a because they are so flush with cash take a look at an area which is spin-offs. there's an etf that tracks recently spun-off companies. this is not counted in the merger volumes, it's a separate category of transactions it really has outperformed nicely over the last year. you see basically

. >> joe bay who's at kkr to put this group together.cked to find that number our team did research and they said over the last 20, 30 years if you look at the foundation money dedicated to asian-american causes, 0.5% or less so we said, well, if money is the issue, this is what we're going to focus on as the initial thing. so the credit to people like jerry yang, joe bay, li lu, pen zau from citadel securities, and all of our board members as well as the antidefamation league, we got jonathan greenblat from the adl involved as a board member because they gave us huge support on the issue of antihate that's familiar territory for the adl. thanks to the board we stepped up with a commitment ourselves of $125 million and then we went out and told the corporates, look, 0.5% is the number what are you going to do about it to our surprise, everybody came in very enthusiastically we had all large corporate partners coming into this. by the time we launched we had -- i think you reported on it it was like $250 million when we launched from corp

kkr will buy airport services company, atlantic aviation. 4 and a half billion deal.you need one, stu yeah? >> i know all about atlantic aviation actually. not because i use private jets. because they're big at teterboro which is one of the most active private jet airports on this planet. susan: you know that because? , because? stuart: i didn't know they were worth four billion, leave me alone. i don't know they were worth four billion dollars. tell me about microsoft. change the subject. susan: won approval from antitrust regulators, why microsoft is outperforming the rest of the tech sector today, because they have gotten the go ahead for that 16 billion-dollar deal to buy a.i. communications company nuance. that is expected to close at end of this year. >> that will get you. 16 billion bucks. up goes microsoft. >>> a restaurant in california says if you wear a mask in his place you get an extra charge. the owner of the restaurant is here. i will ask him why are you doing that in call born, coming up. >>> plus logan paul and floyd mayweather went at it last night.