look at this table blackstone, bx, was $33 on the pandemic low and it hit $136. that's the best single financial performer in the entire sector from a pandemic low. and on a five-year table that you see this, the numbers are straightforward, compared to a broker like morgan stanley or an asset manager like t. rowe or credit card company like american express best performing five-year. let's look at a few charts here is a standard two-year chart. we have this as a log logarithmic scale. we have failed at the top of the upper channel, we're right at the midpoint second chart do we stop at the midpoint or is the 150-day moving average where we're likely headed? i think that is what you see there. and that is my objective so, third chart, remove the parallel lines and look at the chart of bx with just the 150. that comes into play at around $100 stock is down 17 already when financials in the sector are only down 3. finally, look at the fifth chart. it's the same chart. it's with the 150 average going back 10, 12 years. this is one of the longest stretches in terms o

and i went on to the blackstone website, and i've worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone i know. so basically by a whole neighborhood, gentrify the whole thing. mm double or triple the value of the real estate just because you've jumped too far the neighborhood of course, everybody else and makes no mention of people really at least at least that by minute. 16 and a half. he hasn't mentioned like the people that would be living in those places. we own properties around the globe. we buy these investments on behalf of companies like wax own, or any the big financial enterprises were the big winners in the crisis. ah, there with rick winters in the housing market. ah, there was a big winners in the equity markets. it was as if the u. s. government, rather than helping the homeowners who were losing their homes, actually sided with the banks, encouraged foreclosures to clean up the books, gave them money to hedge funds, hen, and private equity firms, who dan bought the, the distressed assets to make money. so it is the

blackstone up even more than that.ou have to look at the banks, the loan exposure, the fact that they are intermediary and underwriting this activity, but private equity, as the key for capital allocation, and those tech firms, like paypal i watch almost every day relative to bank of america, given how much you are seeing some of this transactional activity also move out of the banking system into the technology universe. so being a financial services company today is something different than it used to be. matt: i'm looking at blackstone also. 78% year-to-date. i'm glad you bring a paypal. we were talking earlier about elon musk. the richest men in the world. -- man in the world. -- i'm glad you bring up paypal. you've got jeff bezos at amazon. these are non-finance companies know that these two titans run. the really big money on wall street is made by people like henry kravis. he is worth four or five times as much as jamie dimon. >> that's a great point as well. you see the people at the top of these private equity

thank you for joining us, the small real estate firm blackstone.only do this with sonali basak. i want to get away from the financials. you are so wired in to the pulse of manhattan. you have to see it. her phone bill is so high at bloomberg, they wanted to put a payphone next to her desk. you are wired in. all the money being made, will we see the acquisition in the hamptons? what is the tone into the end of the year and into bonus season in february? sonali: is this as good as it is going to get? blackstone came in with our best quarter in history and we've seen the banks wayne but still make a lot of money. markets are getting choppy or. james gorman is saying there should be a fed hike next year in the third quarter. yes, bonuses are coming in, but should you be asking for more? lisa: what will the private shops look like in say five years, looking at apollo targeting more than $1 trillion in line with what blackstone is looking for? sonali: i was listening to apollo yesterday and hours this week you see mark rowen take the stage. it was intere

blackstone is like everybody else.lients, we have seen so many of them, the pool of capital is huge, and it is turning into a very real, very expensive talent war. dani: it really is. they need to pay up for the talent. they are competing with banks, competing with tech firms, and it means higher costs as well. as you came -- as you say, there is so much money behind these private equity funds that they typically can be the ones to pay up, and that pipeline is usually from investment banks to private equity funds, so maybe this will just kind of hurry up that pipeline. alix: talking about this for a social media event in the u.k., he has also been instrumental in helping great product for blackstone that can cater to smaller investors. on the flipside, you do the outreach to get the super wealthy. it is like, the barbell is where all the money will be at. you make the real money. on the other, you have the, the people you can work with while help drive recurring revenue. dani: i do have to say, there has been a pretty

many have forged different identities along the way blackstone this giant alternative asset platformapital markets. apollo, much of it insurance as you know, having interviewed roh row hen not long ago they have different identities. >> that's right. it's remarkable because they've spent just the past decade as public companies and you've seen this massive transformation occur to your point. it is much more about asset gathering when you are a public company because investors like to see that management fee get bigger over time the best way to do that is to grow your assets blackstone as you mentioned much more into broader alternatives, especially real estate apollo with credit and insurance. kkr pretty big in credit as well as the capital markets as you said, and then the succession idea, the passing of the torch, was something that historically, people weren't sure if alternative managers could do that successfully because the firms were so embodied and personified by the billionaire founders at the top, could they really actually do the succession with a change from more of that

blackstone is ramping up efforts to target the rich through private banks and family offices.to double its team and focus on high net worth individuals. blackstone set up as high net worth team a decade ago with the target of raising $250 billion by 2027. individual investors account for 20% up blackstone's assets under management. and shares of u.s. sports betting giant draftkings jumped after it decided not to pursue a bid for a british bookmaker. sources say it was unwilling to meet demands, and the board was uncomfortable for draftkings shares accounting for so much of the offer. sources tell us in alibaba-backed retailer has reached out to prospective buyers to gauge interest and could take $700 million to 800 million dollars. they needed a 1.30 6 billion a lot in july after the company ran into debt trouble and struggled with payments. david: let's recap some of your big stories today. surprising way, australia was -- surprisingly, australia was -- we knew they would be on the agenda today, but what we did not see was them beating core inflation. we did see the top 10 on

i asked john gray of blackstone about this. he says the pool will get bigger and go into the ocean, which means you'll have a lot of opportunity to buy stuff. what about valuation? liz: that is why they are being very selective at j.p. morgan asset management. things like that, things with long-term leases, valuations are not bad. i am no stock expert, but you talk about the fangs. there's a lot of high valuation. that is why they are saying you have to be selective. like you said, yesterday was terrible, today we are back. i saw some reporting from the virtual conference today. a lot of people saying it is time to start selling a little. alix: in the note, i wonder what the implication of this is. higher inflation but real rates will stay negative what does the fed do with that? liz: part of the thesis is that this will happen because the fed is boxed in any sense. even though the fed is saying they may start to taper later, you have some officials saying be good have rate hikes as early as late next year. you hear this a lot

>> john blackstone is here to tell us the future is now, almost. >> reporter: almost.unity to do a story for cbs sunday morning to see how people who don't even have a pilots license may soon be able to take off in that elusive machine, a flying car. many people have imagined pulling a flying car out of their garage. marcus lange is actually doing it. and he wants others to do it as well. his company opener plans to start selling the air plant aircraft called black fly within the next few weeks. >> i believe vehicles like th are gointo revolue transportatigoing ard. beginning. >> reporter: the carbon fiber body hides sophisticated electronics. >> if you look in here, you will be able that there are three flight computers. >> reporter: but the real secret is in the small but powerful electric motor. you showed us how powerful this was in your lab. >> i believe you were blown away at a really. >> reporter: that was 3 years ago, when after a decade of keeping his project secret, he gave us a tour of his silicon valley factory. vac then, we couldn't actually see it fly. bu

women were scared of joining blackstone. firm tackled the problem by speaking to the mill university students and offering the chance -- to female university students and offering them the chance to experience working there. dani: now it is time for today's bloomberg big tech story. -- big take story. "bloomberg businessweek" has ranked how 15 cities fared with women's careers. i know this took a lot of time. seven months, is what you told me, of how long it took to put this together. let's start with the index itself. what exact he doesn't do? -- what exactly does it do? >> it looks at motility, maternity, and wealth. we wanted to look at cities that were hubs for business and commerce in their respective regions, and where, for most of them, we were seeing a good flow of immigration, that were seen as desirable places to work. one thing to keep in mind is that no city scored above four. the highest score was toronto, which came in at 3.66 out of five, so every city is not doing enough to keep women safe and give them oppor

among them, kkr, blackstone, park how -- blackstone, and carlyle group.is your business flash. i believe the glaxo thing just shows that is a huge number for private equity, and it is how much money is still on the table in pe. guy: there's two things to sing here -- to say here. one of which commuted that brilliantly. alix: cold read. thank you. guy: that's probably the biggest take away from of this. the second thing is that yes, there is still loads of dry powder. there's still plenty of deals out there. private equity has got lots of dry powder that it needs to be thinking about using and figuring out exact a what the right deal for that is. maybe glaxo fits the bill. dave wilson has more on this story. dave: with this whole business about the consumer unit, glaxo has been looking to spin it off anyway, so you knew some kind of a deal was coming. it is just a question of how it would look, and i tell you, when you see seven private equity firms in our reporting lining up to show interest in the glaxo consumer business, it definitely gets your attentio

william blackstone is relevant not as a founder, but with consideration to standards. we have to defend it from secret machinations that often seem benign and remind us of the inconveniences of the criminal injury or the price we pay for our liberty. here, you have the court doing exactly what he feared would happen. it's too much work. the framers fully agreed with blackstone that a criminal jury was critical and a critical protection of our rights. at that point, the court wasn't aware of how important they were. the defendant took the offer from the prosecutor in the issue was whether the prosecutor had kept up his end of the bargain about making sentencing recommendations. he was charged with forging a check for 38 dollars. that charge carried a punishment of two to ten years. during plea negotiations, the prosecutor offered to recommend a sentence to the judge if he were to plead guilty. if we pause for a minute and ask what kind of world are we living in that if you forward to check for 38 dollars you get five years of your liberty taken away, but it will get muc

william blackstone warned us of this very thing. william blackstone is relevant not as a founder but good enough. here is what he said about criminal jury rate -- jury. he reminded us of the delays and inconveniences of the criminal jury is the fair price we pay for liberties. here we have a court, basically's doing exactly what he feared would happen. too much work. the family -- framers fully agreed to blackstone. the jury was not just critical, but important far-right. -- for our rights. at that point the court was not aware how coercive they were. the defendant took the prosecutors offer and the issue before the court was if the prosecutor had to keep his end of the bargain. that case did not cue up the fundamental problem of coercion. a case in 1978 did. hayes was charged with forging a check for $88 and $.41. during the plea negotiations the prosecutor offered to recommend a sentence of five years if you would plead guilty. can we pause and ask ourselves if you -- what can of world we are living in if you write a check for $88

blackstone says it is time to sell.e his speech at the conservative conference to shift the blame to supply chain prices, presenting it as an opportunity for the u.k.. the biggest order for electric vehicles, we will speak to the ceo for volvo trucks shortly. losses more than 1%. tom: in terms of chinese tech stocks looking like they will close at the lowest level on record. the opportunity around the big tech names on wall street has not been handed on in terms of the values for sentiment among european investors. tech is heavily down in europe. the stoxx 600 is down more than six points. the dax down 1.5%. the cac quarante in similar territory. we will hear from boris johnson around 11:30 to see if he addresses the energy squeeze, the crisis. we heard the european commission president saying this was a significant issue, and she called for more investment in the renewables space. a conundrum on what the boe will do given that you have breakevens around 4%. banks were at the top of the list yesterday. it is a different

the company in which blackstone is making the investment or co— investing in is hypnosis songs fund,ver the last several years that music is an investable asset class low volatility and very long—term earnings potential that, in a lot of ways, behaves much like the commercial real estate industry in the asset life is very long, downside protection is excellent, and just like in a complex commercial building, a complex commercial building, a portfolio of music right can be licensed and re— licensed and re— licensed again. any number of times. and any number of ways. for example, to a record company, whenever a new recording of the record is made, whenever the song is synchronised into a film or a tv show or a commercial or, more recently, when a song is used in gaming platforms or short form video platforms like tiktok and fitness applications and even podcasting. so every year there are more and more uses while the rising tide driven by streaming is increasing for all rights holders. b. increasing for all rights holders— increasing for all rights holders. ., ., holders. a fascinating

blackstone group is showing interest in crown.business that has monopolies in both melbourne and perth. what a spectacular fall from grace. this is a company that iced to have casinos in las vegas as well as here in australia and now it's reduced to operating and supervision at its flag ship. >> let get to sophie for the latest on the markets. >> taking a look at the asian stops. kospi is building on the event. staying below 1170. trading around five week high. they do see weakness for the currency this quarter. jumping on is deal for down stream chemicals. over in tokyo, check out ntt shares gaining nearly 5%. i want to focus on panasonic. they are aiming to sell this battery model to other customers alongside tesla. >> breaking news news in elon musk, he is elaborating his deal with hertz, hertz purchasing 100,000 teslas to be end by end of 2022. $4.2 billion revenue booster for tesla. elon musk is the car sold to heather have no dos counts. getting the full profit out of that. he too is seeing strong inflationary pressure at le

and so more than 200 years ago william blackstone warned us of this very thing. and i'm'm going to steal a line from earlier today and he said william blackstone is relevant not as a founder but good enougn to meet with the standard. so i just think he's good enough, and here's what he said about the criminal jury. he said we have to defend us not only from open attacks but on secret machinations from their faces seem not only convenient but benign. so here you have a court basically doing c exactly what feared would happen. an inconvenience, too much work. the framers fully agreed with blackstone thest criminal jury s absolutely critical and not an inconvenience but in fact an absolutely critical protection of our rights. but maybe i will say this much, you couldd forgive the court fo not raising the alarm about prenegotiations because at that point the court wasn't really aware how coercive they were. in that case itself the defendant took the prosecutor's offer. and the issue before the court is whether the prosecutor had to keep his end of the bargaining abou

we will speak to the ceo, blackstone's global head consumer after the break >>> later, shares of snap morning and dragging other media stocks down with it. we will be talking about that stock and so much more when squawk returns after this. squawk returns after this. >>> competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. moving is a handful. workday. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/movin

and blackstone is targeting the rich through wealth managers, private banks, and family offices. planning to double its team focused on high net worth individuals. blackstone set up its private wealth team a decade ago, and its asian business has a target of raising $250 billion by 2027. haidi: taking a look at the day ahead for australia and new zealand starting off in new zealand, it posted a record beat in september as imports surged. data for the third quarter is likely to show inflation eased. quarterly trading updates show higher sales in both australia and new zealand year-on-year. however, the outlook remains uncertain, challenges could come with the upcoming christmas season. next, our conversation with former australian prime minister malcolm turnbull about emissions target. this is bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that

blackstone group has also shown interest in buying crown. an attractive property, having just one rival in sydney and a monopoly in melbourne and perth. but crown has really suffered a spectacular fall in grace over the past few years. it used to operate in court -- a network of casinos, and now it is just down to these three domestic casinos, one of which it cannot open and the other is under supervision. kathleen: paul allen giving us the latest on crown resorts. now, time for morning calls focusing on rbnz. more aggressive moves being priced in now? sophie: that's right. given the shot from the surge in inflation have tweaked their outlook to 2% by november 2022 with an endpoint in 2024 at 2.3%. upside pressure for the kiwi dollar as well as rates. haidi: next, looking to push into the south korean market. this is bloomberg. ♪ is bloomberg. ♪ haidi: payoneer and coupang have teamed up to more easily expand into south korea. sellers in their ecosystem will get faster access, greater flexibility, and managing payments. let's discuss and bri

. >> i would say blackstone continues to be that name for me. >> really? >> they're finding their way into businesses. i know that sounds stodgy, definitely not de-fi, or whatever-fi. they got derailed on the china headlines, but i think -- >> i was trying to test the limits of karen's love for jamie dimon. >> it's pretty unlimited. >> i know. >>> at&t plunging to the lowest close in more than 11 years, under fire after a reuters report last week detailed the role in supporting the ultraconservative oem alternative. john oliver skewered the company. tim, do you still own it >> it's a big disappointment i think the whole time warner and this transaction and this un unwind has been sloppy, painful, ultimately has had some confusing elements to it that i think are not entirely clear the company has a lot of debt in an environment where they could have been more tactical. in the media content space, i think they need to have -- here. the company's core business is not in a bad place i think the predatory landscape in the wireless business is not a thing of the

stocks sank as blackstone and brookfield say it is time to sell. the energy crisis continues. france and spain call for new action on surging gas prices. we are at the summit in slovenia. boris johnson will use his speech to shift the blame for the supply chain crisis, presenting it as an opportunity for the u.k. if yesterday was all about yolo and bargain buying, today is all about yields and the warning shot they are sending across the globe when it comes to the inflationary picture. this is yesterday's close, shooting up more than seven basis. the energy crisis running amok it's not just that. in the u.s., surveys showing that manufacturers and purchasers are worried about this inflation and supply chain issue. it means right now, we are getting this pretty significant spike in 10 year and 30 year yields. it is being led on the long and, pointing to inflation staying power at this very moment in this environment. this not only puts us in a difficult position in assessing these markets and how you invest but it puts central banks in a difficult position as well. let's flip u

guy: yet been listening to alix steel talk to jonathan gray, blackstone's ceo. this is day one of the bloomberg invest global. you can watch it on your terminal. all you have to do the bloomberg website. this is bloomberg. >> the countdown is on in europe, this is "bloomberg markets: european close" with guy johnson and alix steel. ♪ guy: tuesday the fifth, a lindell -- a little under half an hour until the europe markets closed shop. u.k. gas is up 20% today. there could be more still to come. force johnson says the u.k. does not face an economic crisis. we heard what mr. gray had to say a moment ago. how will they pay workers more to deal with the rising cost of living? we will update you through that story. leaders are about to sit down to a dinner, the focus of which is going to be the eu's approach to china. that should be a fascinating conversation. it will set the conversation for u.s. and china. we are watching what is happening in descendant, elizabeth warren will be speaking in a few minutes. it could have an impact on where we see the fed transition i

jonathan gray, blackstone president and coo is talking to alex in the next few minutes. conversation in a few minutes time. we've also got some market moves. the german 30 year rising three basis points. the highest since july. this is bloomberg. ♪ >> this is bloomberg markets. coming up, the international chamber of shipping secretary-general. this is bloomberg. guy: we will be back to the bloomberg invest global summit. we are joined by jonathan gray. let's listen to this conversation. alix: i want to pick up what somebody said earlier. now is a good time to be liquidating assets. >> i think for stabilized assets, markets around the world have been pretty strong. obviously rates are low, there's a lot of liquidity. we have been selling assets. i don't think you are necessarily saying this is the top of the market that i do agree that generally it's a good time. markets are liquid so exiting makes sense. alix: is that different than calling a top? >> we are at an interesting transition point. everybody is starting to focus on inflation and with inflation and the fed get

blackstone is among the asset managers and bracing the fall hiring inflation. >> inflation is definitely becoming more pervasive, more persistent than people had hoped. i think that is happening for a couple of reasons. one is money supply has grown really significantly. by more than a third since covid. wanted terry fiscal response to the crisis and it put more money and the system and at the same time, we have structural shortages. >> inflation one of those things putting a dent in markets at the moment. we had the big -- we have the big tips auction in the u.s. today. market implied expectations for inflation in the u.s. now at 15 year highs. rafael bostic was right, it does seem transitory is a dirty word. >> it tells you a lot when you look at the markets. traders are making huge bets that inflation will continue to rise and transitory may not be the right word. we continue to watch global bond markets, the selloff continues. and we are watching china. it is crunch time for ever grand. the grace period about to expire when it comes to the $80 million interest payment and the bond th

is interesting as you have so many private equity firms in the world pushing into growth, kkr, blackstonecarlyle. the old strategy, the warren buffett strategy they vote for so long may have worked better. what does that bode for private asset returns moving forward? nir: private assets are interest -- interesting because the value seems to be that the valuations are quite high. we don't have much data on private equity, going back to the 1990's, but the valuation is as high as you've ever seen. you can understand why people don't like the returns they are seeing from traditional assets and they are piling into private equity. as those valuations go higher, what is that going to do to returns? there is another thing about private equity that unlike the traditional -- you are talking about a quarter of the sector, highly levered, and then combine that with high valuations and you have got a cocktail. romaine: i'm curious. talk a lot about valuations in the equity market and the public equity market. there has been a lot of talk there are bubble conditions in some corners of private equity

we also heard from blackstone c.e.o. jon gray who took a little bit more of a longer-term approach and less pessimistic, less doom and gloom, jon gray saying china will continue to grow faster than the developed markets. and he cited the entrepreneurial spirit in china and a government that wants economic growth to improve people's livelihoods. and one last note that i'll make. at this bloomberg invest conference as well with haslinda amin we got g.i.c. which is a sovereign wealth fund of singapore. it's rare indeed to get any kind of portfolio guidance or makeup of the portfolio or any kind of really market-moving comments from either g.i.c. or tamasik and g.i.c. of sick pour -- of singapore says they are weighing portfolio changes with its china holdings in response to the ride waning policy curbs and acknowledge that hard tech like semiconductorrors as well as health care, those sectors in china that will enjoy regulatory support, they will have the tail winds. shery: and it doesn't help that china is continuing to ba

our thanks your rewards. >>> blackstone shares rising in the pre-market trading the pivotal earningsd the profit nearly doubling from a year ago that was because of strong investment performance check it out, stock right now up about 1.3% we promised you an earnings parade today we are getting it. auto nation is also just out with its quarterly earnings. the profit there coming to $5.12 a share. that trounces the consensus estimate of $4.20. revenue being street forecast. joining uses is autonation's chief executive officer mike jackson. it's a pretty good time to be a car salesman, isn't it >> becky, good morning, i would say so revenue up 18% to $6.4 billion driven by our strategy of that one production was restricted. we moved aggressively to the acquisition of pre-owned car and revenue in order to give our customers more choices it was up 50% in the quarter of course, we've taken appropriate pricing action around new vehicles. and we have a very optimistic view of auto retail and so has aggressively repurchased our shares i think it's a very good investment we repurchased 11% of

the wealth , sara blakely just sold a majority stake in her company to the global investment firm blackstone. the deal values her company at $1.2 billion and she figures there is plenty to go around. >> to celebrate this moment, i have purchased each one of you two first-class tickets to anywhere in the world. [ cheers and applause ] >> your each getting also $10,000. >> that is some pocket change. cheering, crying, some in disbelief as everybody is celebrating the gift emboss. she is seen here on cbs mornings founded spanx in 2000 with $5000 in savings you earn by selling fax machines . under the new deal, she will maintain a significant equity stake in the company and becomes executive chairwoman on the board of directors. great for her. and employees. time for a look at the forecast. >> nice to see somebody doing that instead of a vanity project, launching themselves into space? >> don't know who that would be. >> some light showers mainly north of the golden gate, hardly anything compared to what we had over the weekend but if you splash and dash hours for the north bay, possible over th

>> as john blackstone found out the future is now, almost. >> reporter: many people have imagined pulling a flying car out of their garage. marcus is actually doing it. he wants others to do it too, his company opener plans to start selling the aircraft called black fly within the next few weeks. >> i believe that vehicles like this and other vehicles like this will revolutionize transportation going forward. this is just the very beginning. >> reporter: the carbon fiber body hides sophisticated electronics. >> if you look back in here you will be able to see there are three flight computers. >> its real secret is in its small but powerful electric motors. >> you showed us how powerful this was in your lab. >> i believe you were blown away literally. >> reporter: that was three years ago when after a decade of keeping this secret he gave us a tour of his factory. back then however we couldn't actually see it fly. this past week, he took us to his california test site. he prefers to call it a personal aerial vehicle. faa classifies it as ultra light aircraft with limitations. >> it would l

best boss -- spanx ceo sara blakely decided to do something for her workers after investment firm blackstone buying a majority stake in her company for $1.2 billion. blakely surprised her workers with two first-class plane tickets to anywhere in the world. they also got $10,000 each. anne-marie, i hope all the bosses in the world are listening. >> exactly. diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. >>> up next, monarch on the mend. why queen elizabeth is scaling back her schedule and skipping another event. other event. i'm not getting through the pandemic just to end up with the flu. i asked for fluzone high-dose quadrivalent. it's the #1-used flu vaccine for people 65 and older. fluzone high-dose quadrivalent is the only vaccine approved by the fda for superior flu protection in adults 65+. i'm not letting my guard down. fluzone high-dose quadrivalent isn't for people who've had a severe allergic reaction to any flu vaccine or vaccine component, including eggs or egg products. tell your health care professional if you've ever experienced severe

separating out to individual stocks, lauren is looking at blackstone.ckstone took a majority stake in spanks. that is the revolutionary company for will's wear. keeps everything in where it needs to go. spanx started this company 20 years ago selling fax machines. what will you sell. blackstone takes a stake. stuart: this lady is very rich. lauren: bottom line she is very rich. stuart: microsoft hit $310? lauren: no, it could be the third record close in a row. the new high is 309.70. 30 cents shy of 310. maybe tomorrow. stuart: still plenty of time left in the trading day. i never bought stock in winnebago, never bought one either. lauren: this is interesting. they really blew it out of the park when it came to the earnings report. the issue, winnebago, despite big demand they're charging higher customers and i guess customers are balking. this was a winner earlier at the opening bell on the heels of a solid earnings report and big demand, when you say costs are going up, increasing prices for customers, sometimes they don't like that. stuart: winnebag

i don't know who they are from what i'm told to pay a bill is a subsidiary of um, is it blackstone? right. private equity firm? yes, exactly. they want to raise each. each carmine the rent up to like $900.00 each. that is by $900.00 by margin. and are you going to be able to pay that? i don't know. i mean, i can definitely say niche. it is, there is no way a we have one ago. i don't have a clue. i don't know. right. and are you mind me asking, are you employed design? yeah. and so what percentage of your income would this be 2590 percent 9190? actually go right. yes. 9090 percent. and do you consider that affordable for you? no. was not it. i think human rights law hasn't caught up and it worries me that i haven't quite yet found the language. how do we describe it in a way that will make sense resonate and really get at that issue? i'm still looking. i'm looking for that. i feel a little bit desperate about that. oh, so maybe i need to keep talking to the people in the financial field. the 1st title, find out. i noticed when i came here was lisa or a little admitted the opening hou

well, as john blackstone found out, the future is now. flying car out of their garage. marcus lane is actually doing it. and he wants others to do it, too. his company opener plans to start selling the aircraft, called blackfly, within the next few weeks. >> i believe that vehicles like this and other vehicles like this will revolutionize transportation going forward. >> reporter: blackfly's carbon body hides sophisticated electronics. >> there are three parts of computers. >> reporter: its real secret is in the small but electric motors. >> i believe you were blown away, literally. >> reporter: that was three years ago, when after a decade of keeping his project secret, lane gave us a tour of his silicon valley factory. back then, however, we couldn't actually see it fly. but this past week, lane s to hise. lane prefers to call it a personal aerial vehicle. the f.a.a. classifies it as an ultra light aircraft with limitations. >> this aircraft would like to fly a lot faster than 62 miles per hour. >> reporter: it can't fly over populated

. >> blackstone has agreed to buy spanx, the shapewear business that was started 20 years ago. >>> nextry. >> a new survey asked people around the world, what is the greatest tv show in the past 20 years. the crime drama "breaking bad" at number three. number two, "mad men." >> and number one, this century, "the wire" on hbo, that aired from 2008 to 2013. "america this morning" got honorable mention. >>> next, pope francis upstaged at his own event. >> a boy walked up to pope francis. >> he was pointing at the pope's white cap. he was given one of his own before returning to his seat. >>> finally, here's how you deal with a bad boy alligator. >> zoo keepers say he was causing trouble. they got him out of the water and piled on. >> wild animals are going to be wild. >> the 900-pound beast was put down. >> i would be the person holding the video did you know that your fabrics trap more than just odors? they also trap bacteria. better get new febreze fabric antimicrobial. its water-based formula penetrates fabrics to kill 99.9% of bacteria and it eliminates odors. spray it on your furnitur

you schwartz men term of blackstone in saudi arabia earlier this week spoke about the energy crisis. and by the way, energy can include call it, concluded oil include natural gas, and all those are independent markets. and all of those are very regional as well. but to go ahead and echo what the schwartz man said is, he is most concerned about social unrest. if we have an energy crunch and an energy crisis, and i think price caps help a lot in terms of welding any sort of social unrest. it goes ahead and allows businesses and consumers to be able to bank on a certain ceiling at which you know, price will reach and exceed no further. however, the n r d c has also said that it's going to be giving a subsidy to importers. so that'll help with supply and not necessarily, you know, bring up the price at a time. but clearly, the, the issue of energy and coal is at crisis levels inside of china. and now we know to go back to your last segment. frankly, one of the reasons why china went ahead and shut down all of its bitcoin mining operations, because frankly, country doesn't have the luxury

bestselling music artists in the world has sold her music royalties to the private equity giants blackstoneg names include neil young and blondie. they have also sold their royalties. expose the purchase is a way of tapping into the lucrative streaming business which is increasingly the way many of us enjoyed music these days rather than purchasing songs outright. a french biologist and underwater photographer has been named as the wildlife photographer of the year. the image taken in the pacific is like an explosion underwater, i suppose. thejunior wildlife suppose. the junior wildlife photographer took this suppose. thejunior wildlife photographer took this photo. and this picture of a young elephant underwater with an audience at a zoo in thailand, this won the photojournalism award. and this wonderful snow picture captured reindeer battling for control. he said he felt immersed in the smell, noise, fatigue and pain. you should be able to empathise was this elk in the state of colorado. it was forced to roam around the forest with around the forest a colorado. it was forced to roam aroun

the top bosses of goldman sachs, blackrock, blackstone in a panel discussion underlined the fact thatortant to recognise that, because that could lead to higher inflation. and they also didn't rule out that oil could touch $100 a barrel, which could be a bigger crisis, especially at a time when there is an energy shortage. the other thing that has been discussed is climate change and talking about achieving net zero carbon emissions. saudi arabia just announced two days ago that they are aiming to reach there by 2060, but at the same time have been highlighting the fact that it's important to recognise, given the scenario right now where there is an energy crisis that fossil fuels cannot be demonised completely because they are needed and they are not going away anytime soon. it is important to adopt a balanced approach, and that was pretty much the consensus across many panel discussions over here where you have people from across the globe, investors, entrepreneurs and some marquee chief executives from different companies that attended this event. the bottom line here that came out

also today, the ceo of blackstone said he thinks inflation is getting more persistent. that is another strong reading. he said all the pandemic support , that will pour a lot of cash into the system. that is still there. let's listen. >> inflation is becoming more pervasive, more persistent than people had hoped. i think that is happening for couple of reasons. one is money supply has grown significantly by more than a third covid which has -- is a monetary physical response to the crisis. at the same time, we have big structural shortages. >> markets are starting to price in to rate hikes -- 28 hikes in 2022. bond yields -- the belly of the curve starting to respond to this idea that there may be two rate hikes. shery: we are watching the bond markets in china. we are heading toward the grace. ending for evergrande. >> it is crunch time for them as the expiry of the first grace period ends tomorrow. within the creditor community, bondholders saying a group of them are seeking talks with evergrande to avoid what could be a cascade of bondholder, investor demands. once t