blackstone had a pullback here.n berkshire hathaway, the insurance part of the more thant insurance but the financial stocks have come down quite a bit. well -- i'm sorry, only doing ok. it is hard for them to really grow a lot more if the banks will have a tough time. i'm not as convinced as some that the economy is in fabulous shape. it's in good shape, but how much better is it going to be going forward? i'm not sure. matt: don't forget about see's candies and justin boots. why are you not convinced? i'm so nervous about this economy and so are many americans. we are looking at 5% gdp growth. we are looking at unemployment still well under 4%. jobless came out this morning the lowest since january and we are in october. everything seems to be firing on all cylinders. what is the problem, matt? matt: this whole thing with interest rates. it has not had an impact yet so therefore it is not going to have an impact? most cycles we have had in the last 40 to 50 years you did not have this pent up demand that came from

apollo, blackstone and blue owl are all part of one theme.t just three individual picks today, it's three asset managers that were all up in september. they were all up in q3. and apollo and blackstone are up about 45 on the year -- 45% on the year, and they're all part of this hemothat that banks are lending less and private credit as she set managers are lending more. -- asset managers are rending more. they're picking up the share that banks are giving up. and i can't everyone -- emphasize enough how good the trends are and how early this story is. so you have a over 4% dividend yield from blue owl, over 3% from blackstone. apollo's getting ready to raise their dividend again. these are three picks that all fit together in one theme, stuart. stuart: you're a good man. thanks so much for giving me blackstone many years ago. that did very well for me. david bahnsen, see you seven soon. >>> check futures, it is tuesday morning. i see some red, quite a lot of it. down 140 on the dow, down 111 on the nasdaq. dave portnoy, or he's going to be th

blackstone's assets grew 6%.ief operating officer of the black j blackstone group. down 12% year over year, steve schwarzman said this is what's happening, the results are coming in and he described a pretty challenging market out there. how would you describe the market that we're living in right now? >> well, good morning, becky, and i think steve had it right, the environment was tough in the third quarter. that's continued now with rates moving higher. that impacts markets and valuations. i think the key thing for our shareholders is our fee-related earnings are very resilient. they're pretty much flat year on year. our management fees were up year on year for the 55th straight quarter and the most important thing is we delivered for our customers. so across our flagship strategies, we delivered performance in excess of what we're seeing in liquid markets. we had real strength in infrastructure, in life sciences, in private credit and to your point, with more than 200 billion of dry powder, that gives us a lo

blackstone john's treatise held that the first choice of law is divine. god created natural laws, the rule this world and its creatures laws and the law of nature, which all are bound, is identical with the law of god. god enabled men to discover it through reason but quote eternal, immutable laws of good and evil. so far they are necessary for the conduct of human actions. close quote a universal of nations derived from natural jurisprudence, right reason, morality, custom, well munis of law reflecting these principles determined the rules of conduct for particular societies kant and blackstone inculcated this fundament hierarchy and this background. kant common terry discussed the anglo-american law system, which had evolved from immemorial court decisions and statutes. kant covered the rights of proper, real, impersonal commerce and, descent and distribution can also explain the tradition understanding of american government, constitutional jurisprudence. he focused on enumerate of powers and limitations of the federal and state government as reading l

. >>> but first, blackstone blues. the asset manager dropping like a rock.st day in more than a year. what the company's coo had to tay this morning about real este challenges right now. more "fast money" after this. the cheapest gas in town. and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits - through a humana medicare advantage dual-eligible special needs plan. call now to see if there's a plan in your area - and to see if you qualify. all of these plans include doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with over 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana medicare advantage dual-eligible special needs plan can give you other important benefits. all of these plans include coverage for dental - with two free cleanings a year. plus fillings and a yearly exam. vision

. >>> sad news to share, byron weem, from blackstone, has passed away. always plainspoken byron was familious for releasing his so-called ten surprises each year where he gave his views on the economy for the upcoming year. prior to joining blackstone, he spent more than two decades at morgan tstanley. his final thought in an essay, never retire i know there's a bunch of biological evidence against the theory, but i'm going with it, anyway mr. wien, was 98 years old, very avid skier, we will miss byron people are excited about what ai will do for them. we're excited about what ai will do for business. introducing watsonx a platform designed to multiply output by training ai with your data. when you watsonx your business, you can build ai to help coders code faster, customer service respond quicker, and employees handle repetitive tasks in less time. let's create ai that transforms business with watsonx. ibm. let's create. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our a

blackstone, shares are dropping.ssing analyst expectations, though blackstone's ceo said the company is well positioned with a record amount of dry powder, $200 billion. goldman sachs upgrading best bay to buy. price tart $85 a share there. the street getting bullish on crowdstrike which we want to show you. jeffries upgrades the name to buy as they see gains ahead for cyber security players. argus research initialating the name with a buy rating and $220 price target. stock is up 1%. >> pretty busy morning for data. back to rick santelli. hey, rick. >> yes, carl. september read on leading economic index, and the interesting thing about lei is the word leading. where is it leading us? down 0.7% for september. down 0.7 of a percent. that means it's 18 in a row negative month over month changes. 9 from the end of last year and now 9 this year. and to really drive this home, if you look at what the best level has been, it's been down 0.3. it's been the best level since march of '22. when we had our first 0. we have to g

so fred then moved on trying to engage the blackstone rangers on, the south side and he his his his strategy was a little different, but he made a strategic mistake in going to the neighborhood with guns and when the gang members saw him coming into the neighborhood, some guys come in with guns they were like, what the hell is this? so that didn't really work right. because the approach was it alienated them and they had conflict plus at the same time, the fbi was sending notes these notes between gang leaders. so saying that they were sending these these outrageous notes to jeff fort, the leader, and bo harrison, saying that the panthers had a hit out for he said he would try to create a divide conquer thing. so that really didn't work. and then the third time was the charm when he approached the disciples who were the adversaries of the stones, and his approach was a lot more personable. you know, he got out, he talked them, forge relationships, and then they hit it off. and so the relationship with the disciples that i write about in the book and the black panthers was, really, they were

. >>> blackstone is in preliminary stocks with walt disney to acquire a stake in india's firm.t would make it the latest suitor where disney has been exploring a sale or joint venture. >>> and exxonmobil is close to a 58 billion deal to buy pioneer natural for almost $250 a share. >> something to watch. pioneer shares moving almost 2.5% higher. thank you very much. >>> coming up on "worldwide exchange," we have the one word investors have to note. but first a clash of the fed heads, why michelle bowman said just this morning that's putting her view at odds with tuesday's talkers. >>> plus the climate in israel, what a major company is telling its employees as the conflict there enters a fifth day. >>> and later, damning testimony as the sbf talri enters a second week. we have a very busy morning on "worldwide exchange." stay with us. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcias, lo

it has attracted some high-profile investors from wall street players like blackstone.ey are part of a group that has 29% of roan. matt: don't forget steve young ever talking about legendary quarterbacks. i'm happy to welcome the cofounder and ceo ofrhone. i know the brand already because i play pickle ball. you seen incredible growth of the past few years. what do you attribute it to? >> it's been steadily building great products and that was our first pop-up store ever. retail has been a big part of her growth story. we opened 11 stores in the last 12 months which i never thought we would be in the retail business but it's a big part of her growth story. jon: we spoke about half a dozen years ago and you were sporting one of your icelandic seaweed vests. you guys always leaned into comfort. maybe you can explain --matt: is seaweed comfortable? >> this particular kind of seaweed. you would be surprised. jon: speaking of comfortable, i know you are feeling pretty comfortable about where the brand is going and that's in part why this deal came together , the long-term pr

stuart: let's start with a company of which i own a very thin sliver, blackstone. world's largest private equity firm warning surging rates are hitting customers and will slow the economy. profit down 12%. deal making, lower e. real estate division, revenue down 88%, and they're raising less new investor money. stuart: my daughter asked for some investment advice, and i said put some money to blackstone. lauren: well, you can get it on the cheap. stuart: no, i think we've already are bought this thing, it's down 5%. at&t, they are up this morning 7%. lauren: that kind of quarter. they say their investments in 5g and fiber are paying off a. they raised their target for free cash flow, added more wireless phone subscribers in the quarter than anticipated. all good. stuart: tell me about the airlines, specifically american airlines which is up a point. lauren: i'm prized because this report -- surprised because this report was not good. the stock is up 1.8%. net loss, is and they cut their profit forecast for the year drastically blaming two things, the price of jet f

i think blackstone's going to be putting some pressure on them.right here, some of the big names like blackstone on some of these ipos that came out over the last few years, they're in a much higher valuation. so the incentive for them to turn them around so they can get their money out of it is very high. look, it's probably not going to do good in the next day or two days, but at these valuations, you've got to step out there and take some risk. big tech, all those things that have performedded really well, that's probably not where you want to be allocating capital if you've got 12-24 months. charles: you know, it's interesting, last year, really the last year or so we saw meta come out of the ashes, and it was sort of the maturation of the company and the ceo. maybe that's what they do need, maybe thigh node some adult supervision because it's a pretty intriguing product. it's also intriguing that you don't like tech. a lot of people like the mum of them, earnings season, i believe those are going to be the ones that a blow it up. but you're s

and joining me now live to talk more about it is cammy blackstone, director of external affairs for at&t. cammy, nice to see you tonight. so we had about 50 laptops distribute suited at the mission neighborhood center. that's awesome. tell me why you chose this location. well, this is all part of a huge project that at&t has embarked on. we made a $2 billion commitment a couple of years ago to sort of bridge the digital divide and, you know, you do that through different ways, through adoption , which is teaching people digital literacy or through access to the internet. and we can do that through the affordable connectivity program or through devices. and we got to do that today with mission neighborhood center in san francisco. we've given away 250 this summer. so last night, as part of digital inclusion week, we gave 50 laptops away to the alive and free omega boys club. and today it was mission girls at mission neighborhood center. but all together in the state of california, we've been able to give away 4000 laptops this year. so it's kind of amazing. no, it really is great. but h

would be nice to say this some, but i'd seem to say most of the attempts have well actually felt blackston felt. so like i mentioned it to see if g chanel liars for susan is easier to find the school. you can just buses, installation you can just bus and also say you can say leasing public. you can say this, you have to put the city level students and university is to improve day visiting the wait list. those are the ones which are very easy box to change people's attitudes. it's, you know, that can be done by point of distance. so like i say, the only way you can change that is what to say is normally susan is assigned to whatever you do have to be late by the features, by 5 medias. once, if i'm it is i looked for just an racist if i mean, does that look producing to get ahold of done another addresses, then it means within the next generation or so, probably the initial mentality, the charlatans will be good, cause i mean they will no longer be able to be sustained the sunset, but as long as the process is new lights, top down approach we are, this is the 1st by the government. this is e

federalists are saying, well, the first yes, we've adopted the first amendment, but basically we have a blackstone in conception of free speech, you know, prior constraints. but if you say something against the government, you know, you can you can go to jail. whereas as madison at least you know if you read his report of 1800 he writes of meticulous detailed argument in of why the first amendment protects against seditious libel. he specifically distinguishes america from britain where has a much more elitist system america is governed by the people and therefore, you know, seditious libel laws violate that. so that's that that's important. i think those two conception of with us today even in the age of social media we see sort of these two conceptions. but the idea that you know that words should only be punishable when they when they incite to violence or at least when they you know, the two acts is something that you see in tacitus. it's that you see in in spinoza. and of course they are crystallized very clearly in brandenburg, which is a decision which i think a lot of people outside americ

until 40 years ago, the marines were protecting corporations and now we outsource to people like blackstone and others. it is just the money that runs the world and we have done a horrible job of it. there was a book 10 years ago with the economic hitman and there was a wonderful book by walter mosley, man in my basement. i better stop. host: go ahead, eli. guest: i am also in vermont right now near lincoln. i would say an answer to your question, it is so important. if you look back at these interpretations we discussed in regard to slavery, i think what she meant to say it was capitalist greed. the problem we have is is obviously not capitalism. problem we have is extremism of any kind. i think you could also say when capitalism becomes too extremist and there are not checks on capitalism and if i could pick my favorite form of government it would be a mix between a capitalist society and a european-style socialism where we are not at the whims of power-hungry and greedy people. it is a critical piece of our history and stability, but i do believe we have a bit of capitalist extremism in

until 40 years ago, the marines were protecting corporations and now we outsource to people like blackstone and others. it is just the money that runs the world and we have done a horrible job of it. there was a book 10 years ago with the economic hitman and there was a wonderful book by walter mosley, man in my basement. i better stop. host: go ahead, eli. guest: i am also in vermont right now near lincoln. i would say an answer to your question, it is so important. if you look back at these interpretations we discussed in regard to slavery, i think what she meant to say it was capitalist greed. the problem we have is is obviously not capitalism. problem we have is extremism of any kind. i think you could also say when capitalism becomes too extremist and there are not checks on capitalism and if i could pick my favorite form of government it would be a mix between a capitalist society and a european-style socialism where we are not at the whims of power-hungry and greedy people. it is a critical piece of our history and stability, but i do believe we have a bit of capitalist extremism in

blackstone has taken in a lot of money from funds in the middle east. fii is around the corner.nterview. thank you very much for bringing it to us. let's talk about where the markets are right now. we are down 1.22%. a lot of sectors in negative territory today. the u.k. 10 year yield, you can see we are up a little bit. maybe it is approaching 5% as well. the euro-dollar catching a little today. the close is coming up next. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. guy: european equities are at session lows. this is on the good volume. the average volume is higher than it has been the last few days. in terms of what is doing the damage, it is the health care sector. getting hit fairly hard. you have other big names taking the hit. nestle

his death was reported by blackstone he spent the last 14 years at that firm.vate wealth solutions business in a memo to employees blackstone's ceo schwartz and president jon gray said byron never looked backwards he pushed everyone around him to think about the risks and opportunity that lay ahead epit nized by his ten surprises list published for 38 consecutive years. as we mourn his loss we hope you join us in celebrating his life and drawing inspiration from his wisdom, generosity, work ethic and integrity. mike, we knew him for many, many years. i know you dealt with him many times for a long period of time. >> yeah. had gotten to know him pretty well a few years ago at a conference we were both at. one thing that stuck with him, at some other gathering about where he came to that idea for the surprises, this annual list of, you know, challenge your own conventional wisdom and said he entered the business in the late '50s at the moment when stock dividend yields went below bond yields and stayed there 50 years and watched the older partners at his firm be

in fact, our political and legal philosophers, such as locke and blackstone were often quoted here on the floor of independence hall in philadelphia as regards the military debates. there is no doubt that the delegates were only too well aware of those crises in english history, where king or parliament used excessive power over the army. as a result, the british army act, which is somewhat similar to your army appropriations act, must be passed by parliament annually. if this were not to happen, the army would essentially cease to exist and i would be out of a job. your constitution limits the period of appropriations for your own army to two years. still, although much of the heritage and outlook of the framers of your constitution was english, they also showed some great ingenuity in coming up with some unique combinations of checks and balances on your central government's control of the armed forces. these checks and balances were partially inspired by the writings of a frenchman, montesquieu. the founding fathers recognized that french military assistance during the revolution w

you take a private credit end of the state together, kkr, blackstone, apollo, they are way bigger thanhe private equity businesses. are the prices in debt market frothy? time will tell. kkr pitching it self is a bigger finance or for the picture leveraged buyout is happening. leveraged buyout's have to work out for these packages to make sense. that the looming question underneath the market for kkr. matt: great to have you. sonali basak interviews the most important people on wall street and we are glad she brings them here to us. let's vehicle adoption -- electric vehicle adoption hits a tipping point in u.s., or has it? talk about that it's really a thinker. this is bloomberg. ♪ that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. matt: this is bloomberg markets. electric cars sales are on the rise in the u.s. and it is true outside of california as well. new energy finance, ev presented atleast 10% of all new passenger ca le

same with blackstone.ls, the solutions need to be dramatically improved in order for retail investors to invest in these alternative asset classes. caroline: you're talking to individual investors. you are also talking to gp's and the administrators of the funds. how quickly are they on boarding with you? ethan: so far, very quickly. it is incredible the gp's -- ima and lp in five different funds but i have a day job. those who are gp's in funds, they have their entire net worth in the fund. one of the significant companies? one of the marks of those individual companies? these people are saving for their kids' college tuition do not know what the portfolios look like. we built a product that helps gp's, that helps lp's understand what they are exposed to and helps them look at analysis they have never seen before when they were downloading a pdf. caroline: you have raised money yourself not only managing money of others. how is your own business been doing in this environment? have you been focusing on en

in fact, our political and legal philosophers, such as locke and blackstone were often quoted here on the floor of independence hall in philadelphia as regards the military debates. there is no doubt that the delegates were only too well aware of those crises in english history, where king or parliament used excessive power over the army. as a result, the british army act, which is somewhat similar to your army appropriations act, must be passed by parliament annually. if this were not to happen, the army would essentially cease to exist and i would be out of a job. your constitution limits the period of appropriations for your own army to two years. still, although much of the heritage and outlook of the framers of your constitution was english, they also showed some great ingenuity in coming up with some unique combinations of checks and balances on your central government's control of the armed forces. these checks and balances were partially inspired by the writings of a frenchman, montesquieu. the founding fathers recognized that french military assistance during the revolution w

there was a $5 billion bridge, bl blackstone and others, committing to build this high-speed railwaycting the west bank to hamas -- to gaza. but we have to -- that has to be replaced. and dennis ross moses had a very good suggestion on some sort of interim authority, gaza interim authority, until the palestinian authority is ready to take control. hamas has to be eradicated. there's not a single arab leader that wants hamas to stay there, despite whoever is chanting on the street. they have oil upon to use to take iran's influence out of the equation. also, there's a lot of u.s. support. we have 160 major u.s. ceos in the last days have said they're fully behind, full-throated support of israel, and quite condemning of the atrocities of hamas. >> this kind of conflict here and in the ukraine, it's definitely one of those types of events that no one in the business world wants to see happen. it only creates far more uncertainty than they like to see. jeffrey son.feld, thank you for your expertise on all of this. >>> up next, another donald trump codefendant pleading guilty in georgia,

. >> we had an interview with blackstone coo jonathan gray.s the fed is having success on bringing those levels back down. what that means for rates in the near term, they are likely to pause, and that does echo what we heard from jay powell, taking the november rate hike last year out the table, and we have seen money hikes set enterprising cuts. andre also says the fed is likely to keep rates elevated for a period to come. in terms of the reaction from treasuries, the longer end of the curve has accepted that in terms of slowing growth, but as well, tracking some of these really wild swings in the treasury space and in yields. spoke about that as well. take a listen. >> i think long rates have moved quite a bit. that is going to lead to tightening, further tightening, but what investors want is a bit of stability. i think ultimately we will find at some point some stability in the marketplaces, particularly in treasuries. when that happens, i think you will start to see transactions pick up again. they are at a muted level, but it does not s

year to build a new betsy coleman library ably more like an ecosystem in that area they obeyed the blackstoneleman and the obama sites. we will have three locations within this like five minute radius we are thrilled about that for. >> i think we have time for one last question. >> hello. hi i'm director of woodson regional library in chicago public. [applause] hey everybody, i just want to say we are recruiting right now. [laughter] and so if you are interested in working for chicago public library in the current we are recruiting in the exhibit hall chris didn't mention that and i wanted to at that point. [laughter] >> she's looking out for me. >> thank you again, thanks both of you we are so excited we cannot wait you will have lots of people that want to participate, went to use you as a modelel but also just get inspiration from what you are doing so thank you and please thank the president and first lady for all of us. x thank you. [applause] weekends on the cspan2 are an intellectual feast. every saturday american history tv documents america's story on sunday book tv brings you the la

a at&t out this morning as well as as blackstone and american airlines.uropean markets look like this, fractional moves lower, and in asia red across the board. the hong kong market down the most, hang seng index down nearly 2 and-a-half percent overnight. back in washington, congress goes home again without a speaker of the house as jim jordan gets even fewer votes than before. the judiciary chairman is ready to make promises on the salt deductiodeduction cap to win su. joining the conversation all morning long, kaley mcgee white is here, tiana lowe doescher is here and mark p tepper. "mornings with maria" is live right now. breaking news this morning, president biden will address the nation from washington tonight after returning home from israel, the president pledging that he will support israel but promising humanitarian aid to civilians in gaza and the west bank as well. back here at home, protesters breaking out on capitol hill yesterday as demonstrators demand a gaza cease fire. iran's foreign minister posting a warning to israel on x, writing thi

that market my view a sure sign we're about to turn south in terms of kwalt the tongue-in-cheek blackstoneition to s&p 500, as you know largest alternative asset manager their conclusion in s&p in my view a top in this alternative assets bubble that we've seen the last several years, as thom mentioned this qe insanity a decade zero money policy when economy was real on road to recovery. >> long story short i am concerned about crisis in nonbank sector higher rates going to cause some real to fall off somewhere. >> thomas i think you share that concern about shadow banking system. >> i do a banking system has a lot in shadow banking system comes back on them plus i would remind people credit quarterly in banks also dependent on how interest rates go the fact we have this term loan facility for government securities is fine, but a whole that is 25% of the totalpost with banks a lot other things underneath it tooep carefully about. market interior highs adam johnson you harder stephanie saying she is going to sell into this your bullish, you've been right but do you want. >> not that an ease

blackstone had $120 billion market cap, these are not small companies and when the regulation changes on the bank, we've talked about the mortgage market not one of top five mortgage originators today are bank. it's all due to regulatory changes. these changes have implications. they're slow in development. it will affect what the industry looks like in the future. >> tom, great to talk with you. >> great to be with you. i'm going to give our three top picks. u.s. ba in, corp and pinnacle financial. >>> netflix and tesla on deck. we'll oklo ahead to those results, next. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped t

he worked mainly for morgan stanley and then blackstone.claman countdown" multiple times to share his wisdom on financial markets, politics and economy. he was 90 years old. byron, we will miss you, your kindness and your expertise. to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. ♪ limu emu & doug ♪ [bell ringing] and doug says, “you can customize and save hundreds on car insurance with liberty mutual.” he hits his mark —center stage— and is crushed by a baby grand piano. are you replacing me? with this guy? customize and save with liberty bibberty. he doesn't even have a mustache! oh, look! a bibu. [limu emu squawks.] only pay for what you need. ♪ liberty. liberty. li

moment to mention the passing of a longtime investor in wall street legend byron wien passed away blackstonefor market predictions anticipated yearly lists recent called for market bottom by mid 2023 followed by drastic rebound started the trajection in 1986 chief investment strategy at morgan stanley passing and we send our condolences, futures markets are mixed today, dow industrials negative had been higher earlier the dow down 14 nasdaq is up about 103, 3/4 of a percent s&p 500 higher by 13 1/2 one issue here is the 10-year treasury, it is higher ahead of september pce reportedly out any moment waiting on the economic data, in 2 1/2 minutes ten year up 4.862% up one and a a third basis points economists expect core prices up 3/10 of one percent month-over-month, 3.7% year-over-year joining me wells fargo vest global market strategy scott wren do you think this is a marketp mover >> it is if we see number higher than expected 4% or hire i would say that is an issue with core cpi as well as far as this morning market needs to see federal reserve wants to see this continue to work to the do

they'll be the the blackstone branch and hyde park bessie coleman and the obama site. so we'll have we'll have three locations when this within this like five minute radius. so we're really thrilled about that. glad to see bessie coleman. i think we have time for one last question. hello. it's my okay. hi, i'm voletta simpson, director of woodson library for chicago public and hey, everybody, i just wanted to say we are recruiting right now 30 and so if you are interested in working a chicago public library in the we are recruiting in the exhibit hall and chris didn't that and i wanted to just add that thank you for to. all right. she's looking out for me. okay. well, thank you again, both of you. we're so excited. we can't wait. and you will have of people that want to participate appreciate it, want to use you as a model, but also just get from what you're doing so. thank you. and please think the and first lady for all of us. well, you. thank

. >>> coming up, blackstone's steve weighing in about workers working from home.top the presses. workers don't work as hard. >>> and we'll bring you the latest reaction on wall street. "squawk box" will be right back. >> announcer: "squawk box" is sponsored by wisdomtree, theal fa pioneer. doors lead us to places we've never been. your dedicated fidelity advisor can help you open those doors. they can help you create a retirement-income plan designed to balance growth and guaranteed income. and provide access to specialists who help with estate planning to look out for future generations so you're not just growing and protecting your wealth. you're sharing it. because doors were meant to be opened. great job, everybody! to finally lose 80 pounds and keep it off with golo becauis amazing.re meant to be opened. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses

blackstone. public speaker: good afternoon. my responsibility to ensure that wireless communication network is reliable and robust and complies with the fcc with the city of san francisco. we value that relationship and would like to see it continued. unfortunately due to a new and unprecedented provision we could not move forward. the pier 94 is located in the hunters shipyard and that helps not only the residents and the workers, but the ecology department and the san francisco police department and building hospital and facilities in the event of a disaster. from the public safety standpoint is one of the most important sites of our network and needs to be redeveloped immediately. we have been working to relocate that slot. every location that has signed with the port has been a stand-alone fleet. if it's only one site, it affects that one site and not other sites. unfortunately it would require at & t to lose its entire investment in all of its outside leases at the same time as a result of a problem at one site. at & t is