and that's when larry fink who i think people don't sort of recognize this, larry fink and trump gets. he was once trump's money manager. and that's when he went to trump and said i want to do this, and trump was, from what i heard, ebb lent that this was -- ebb you lent that this was going to be in american hands. we should point out those are two ports, they're buying 43. they're also buying around the suez canal, a bet there will be a middle east peace deal. and, again, this is a guy, liz, i actually like larry fink. a lot of people in the conservative movement have suspicions over esg. he's a brilliant, brilliant dealmaker, and this is one of the best. and, again, think about this, he has trump on his side. they're, like, best buds. liz: yeah. li is going to disappear soon. i can't imagine xi was happy about the deal -- [laughter] >> well, a lot of times they kick some money up to the big boss -- liz: you may very well be right. >> like the gambino family is the chinese government. liz: charlie, thank you very much. the nasdaq rebounding at this hour after dipping slightly into c

panama has to sign off on this, but again, we are hearing that the ceo of blackrock, larry fink, went don't have to take panama forcibly if you let companies like us go in and try to buy it. and for now it's working. stuart: that's the negotiation. [laughter] i'm going to call that a win for trump actually. >> yes. stuart: i don't see why not. trump wants to kill the chips act. okay, is that good for the chip makers? because they're getting a lot of government money. >> yeah, you know, it's interesting, i think trump made the case last night when he said the chips act was horrible, why are we giving all this money away when i've just proven to you in the last week that i can get apple and tsmc to invest on their own and spend their own money to make america a great manufacturing country again? we don't have to be doing the giveaways. the spending government money. stuart: he's going to repurpose that money, i believe, isn't he? >> maybe. stuart: so he said. he's going to give it -- he said to speaker johnson, spend it wherever you like. >> how about pay down our debt? >> the chips act

believe that they have the tools they need to save for retirement, says blackrock's chairman and ceo larry fink high school is now spending millions of dollars to upgrade shot classes following the white collar hiring slowdown. renewed interest in the trades and the rising cost of college. the campus in madison, wisconsin just completed a 90 million dollar overhaul but hands-on skills curriculum. wall street journal reports the demand for skilled trades like welding hpc in carpentry are at an all-time high. i'm jeff on that your morning report. all right. still ahead on the kron, 4 morning news, a new smash burger joint opening up in the east bay. the owner of a local social media. a local social media. >> a local food, social media ♪♪ ♪♪ dreams begin here. welcome to the goodnight club. it takes a rebel to make something beautiful. beauty takes courage. it's an act of joy. so resist the ordinary. and embrace the wow. at floor & decor. a 25 3 people arrested in connection now with with the beauty products. f's from multiple retail stores. >> so the vallejo police department says these are just

, the $19 billion deal for these global ports, originated, as we understand it, with a pitch by larry fink of course, who is a peer of yours. thinking of the next four years, not necessarily 25, from a competitive standpoint, is that the kind of thinking that you have to be operating with in order to be competitive, in order to win? that kind of access and that kind of -- i think under the circumstances, dealmaking creativity? chris: our, you know, we are building the intel fabrication plant in arizona. we saw and the microsoft power contract to build for them, largely in the united states. we did a large deal in germany with deutsche telekom with their telephone towers. we just signed the business in france with the french government for $20 billion. our business is about facilitating our operating skills and amassing some of the large amount of money is that we have to take on opportunities that are significant, and increasingly, there are not that many people that compete with us, just because of the access to capital that we have. erik: you are right, there are not many people who can

believe that they have the tools they need to save for retirement, says blackrock's chairman and ceo larry fink high school is now spending millions of dollars to upgrade shot classes following the white collar hiring slowdown. renewed interest in the trades and the rising cost of college. the campus in madison, wisconsin just completed a 90 million dollar overhaul but hands-on skills curriculum. wall street journal reports the demand for skilled trades like welding hpc in carpentry are at an all-time high. i'm jeff on that your morning report. all right. still ahead on the kron, 4 morning news, a new smash burger spot is opening up in the east bay. the owners. >> a local food, social media influencer will their story influencer will their story coming up in a minute. ry excited about saving big with the comcast business 5-year price lock guarantee. five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -no

ceo larry fink had a brilliant idea. trump wants to pin him up. now, back here, there are ports on either side, and they're owned by a hong kong based company that were for sale. and, well, fink, one of them, the company ck hutchison, wanted to sell these two and 41 others. why not buy them, put them into that new infrastructure portfolio that fink bought? others had the same idea. but fink got those properties, and now he has the premier infrastructure product in the world to go with his recent purchase of global infrastructure partners. could be an amazing return both for blackrock and its investors. fink kept trump up the whole way. trump obviously loved the deal. it doesn't hurt that he praised the panama canal last night. these blackrock shares what they do well, they're still down 5% for the year and way below where the company traded after its last good quarter. it's ridiculous. i think blackrock stock is worth much more than it's selling for. we're buying it for the trust. but then there's intel. this company may have been the single bigge

blustery billionaire larry fink was on the line with the white house.rock's fink used a direct line to trump on the panama canal deal. they are listening to what he says and saying i have a deal for you. i can figure out how to put $19 billion into this and get the net estates ownership over a key trading infrastructure piece the united states helped build. a question of what else is to follow. these are all of the ways people are hearing donald trump speeches differently. if they are in the private sector, what can we do to take on some of those projects? we can expect more of that. jonathan: a 100 minute address. he defended his tariff plan. america may go through "a little disturbance." annmarie joins us from washington for more. over to you. annmarie: that's right. the president doubling down on his tariff agenda and plan even though he said we could see a little bit of economic disturbance when it comes to those, diluting to the financial markets. potential from corporate executives. i'm very pleased to say we are now joined by congressman french h

we always joke about larry fink's comment in davos that the mood was was absolute despair., best start for european names relative to the us this century. david jeffrey we'll talk soon. thanks guys. >> thanks. >> thank you. >> as an example hensoldt ticker h a g up 77% in the last three months is their defense. defense in europe? yep. still to come. the bank etf, kbe coming off its worst day of the year. financials trying to rebound in today's trade. shares of all the big banks though down sharply over the past month of trading. we're going to discuss the outlook for the group and whether anything's really changed when we come right back. >> trend tracker is sponsored by >> trend tracker is sponsored by cme group. the cme - [narrator] this is my coffee shop. we just moved into a bigger space, brought on another employee, and ordered new branded gear for the team. it was so easy. i just chose my products, added our logo, and placed my order. bring your own team together with custom gear. get started today at customink.com. on your own home. a couple of years ago we put a poo

as i recall, larry fink's last comments did not suggest they were going to be that aggressive in acquisitionsp was just recently acquired by blackrock. it looks like they're going about this and kind of a consortium form. this is the largest deal the firm has ever done $23 billion i would bet that it's the largest firm gip has also ever done. this is a very very sizable infrastructure deal. obviously infrastructure has been a huge area in the alternative space, probably for about the last decade or so. the challenge, of course, with infrastructure is just the supply of assets and the ability to kind of construct these large deals in the tens of billions of dollars. >> yeah, i mean, it's interesting because of the ownership here. so this is cj hutchinson. this is the big hong kong firm run by li ka shing. right. i mean, it's when president trump says that china has taken over the panama canal. this is what he's pointing to that they have the ports there. so i would imagine that actually blackrock is in the best strategic interest in the us for the us to have ownership there. >> and that would