blackstone has the equity in these things.t from the situation we had during the housing -- >> blackstone says in its 10k, we own no one real estate -- >> but blackstone funds -- >> let me pick up that point. that is a dispute for a good reason. i want to go to that when we come back. the housing crisis across the kr color line. that's next plus the response. when jake and i first set out on our own, we ate anything. but in time you realize the better you eat, the better you feel. these days we both eat smarter. and i give jake purina cat chow naturals. made with real chicken and salmon, it's high in protein like a cat's natural diet. and no added artificial flavors. we've come a long way. and whatever's ahead, we'll be there for each other. naturally. purina cat chow naturals. save you fifteen percent or more on car insurance.ould yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you fifteen percent or more on car insurance. you're not doing an

i am just saying it blackstone, thank you.ion that they need to be bailed out has not been broached yet. they do a lot of the same stuff and are competing. if you talk to any wall street -- get jamie dimon on here, give the 5 biggest competitors i bet he throws in carlisle and blackstone. cheryl: great stuff, thank you, good political and financial. of you really lost yourself. >> looked like apollo creed from rocky. a new set of reports says target missed warnings on a massive data breached. we are live in washington as retailers head to the clock for the first time since chief information officer resigned. cheryl: one way to make your winnings truly unforgettable. the social media concierge's last two update your facebook status on your wedding day. tweet us what you think. that is my question to all of you. social media too far? come on. i've always had to keep my eye on her... but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that ma

jim. >> reporter: john blackstone amid the heartbreak of washington state. thank you, john. in southern california they're cleaning up tonight after an earthquake. it was centered just about 20 miles outside of los angeles, rattling both homes and nerves. the quake even stopped the rides at disneyland for a while. here's carter evans. >> reporter: the 5.1 magnitude earthquake hit just after 9:00ed from night. it left stores a mess and did enough damage to homes and apartments that more than 80 people had to find somewhere else to sty. since then, more than 100 aftershocks have rumbled through the region. >> so the early warning system, four seconds-- ( buzzer ). >> and now we're having an aftershock. >> reporter: crews are now inspecting bridges, dams, and railroad tracks for signs of damage. the quake even caught the attention of baseball hall of fame announcer vince sculley during an exhibition game. >> a little tremor here in the ballpark. >> reporter: there were no reports of major damage, but photos posted to social media, show plenty of minor damage to homes and busine

here's john blackstone. >> reporter: at the coleman fish hatchery, the first of 12 million baby salmon were loaded into trucks this morning. california's long drought left gg across america, people like basketball hall of famer dominique wilkins, are taking charge of their type 2 diabetes with non-insulin victoza. for a while, i took a pill to lower my blood sugar, but it didn't get me to my goal. so i asked my doctor about victoza. he said victoza works differently than pills, and comes in a pen. and the needle is thin. victoza is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza has not been studied with mealtime insulin. victoza is not insulin. do not take victoza if you have a personal or family history of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza or any of its ingredients. symptoms of a ser

john blackstone has the latest on the rescuers and the devastating search. and mind games, terrell brown on the new u.s. memory champ and his unforgettable win. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod and this is a western edition of the broadcast. an aftershock measuring 4.1 rattled southern california this afternoon, the biggest of the more than 100 that followed last night's earthquake. the quake was centered just about 20 miles owz los angeleseralitying both homes and nerves. the quake even stopped the rides at disneyland for a while. here's carter evans. >> reporter: the 5.1 magnitude earthquake hit just after 9:00 from night. it left stores a mess and did enough damage to homes and apartments that more than 80 people had to find somewhere else to stay. since then, more than 100 aftershocks have rumbled through the region. >> and now we're having an aftershock. >> reporter: crews are now inspecting bridges, dams and railroad tracks for signs of damage. the quake even caught the attention of b

john blackstone on the continuing threat of mid-slides. big changes for frequent flyers as delta decideses to reward passengers for dollars spent, rather than miles flown. jeff pegues is tracking the reaction. and backcountry snow boarding. sharyn alfonsi has the remarkable pictures of an adventururer who dares to go where others have note. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> axelrod: good evening. i'm jim axelrod. it has been a day of high tension in ukraine, in particular the southern peninsula known as crimea. russia has sent thousands of troops into crimea where many ethnic russians live. the troops were deployed after the russian parliament gave vladimir putin the go-ahead to use military force to protect russian interests in crimea. the new government in ukraine, which had a revolution last weekend, has respond bide moving their military to i state they call "combat alert." u.n. secretary general ban ki-moon said he is gravely concerned, and nato said there's, "an urgent need for desque al

john blackstone is following the search tonight. john. >> reporter: sharyn, the landslide impact zone is just about a half mile down the river. it's within raining here for much of the day, making conditions even worse for searchers already struggling in wet and deep mud. search-and-rescue crews are finding the job no easier than when they started. >> they have found people here. >> reporter: battalion chief hachiefsteve mason has been in e of the search since saturday. >> trees, mud, dirt, republicanses, boats, everything everyone would have in a neighborhood is strewn out here. it's basically going inch by inch through here and looking. they look at the area, they bring the machine in, the machine very gingerly brings up small bites of material, set it off to the side. people go through that material. people look where the machine has just pulled out some material. if the machine is okay, it goes back and pulls out some more materials. >> reporter: seismic readings show there were two landslides. the largest came first lasting two

joining us now is steve schwarzman of blackstone group.e cnbc's first 25 leaders, icons and rebels. jeff sonnenfeld is joining us, as well. do you want to be a rebel, steve, or are you an icon? how should we refer to you? >> appeared rue, that is more your characterizations. i'm out there day-to-day trying to help build a really good company and do well for our investors. >> i'm going to stick with rebel, then. let's talk about housing. blackstone has been one of the biggest buyers of housing in recent years. but recently, jonathan greg, who works with you as the head of the real estate group has suggested you guys are going to start slowing down your purchases. and i wanted to understand how that came to be and where you think the housing market is as a result. >> well, the housing market has done really well, as you know. we've bought somewhere between 7 and $8 billion worth of houses. this is on a house by house basis without really buying big packages of them. and we've experienced very big increases in value of the houses. we caught t

jeff. >> glor: mark blackstone, thank you very much.when a music festival goes back in miami when the cbs evening news continues. yowsh continues. kualdo law continues. >> glor: electronic music festivals are a multimillion dollar business, they're also becoming a dangerous one. this he can wend's ultra fess in miami was a crowd got out of control after a security guard was critically injured. here's vicente aw awe analysis. >> reporter: a dozen people were stampeding. erica mack was overpowered and sent to the er with a fractured skull. >> a lot of people who pushed the fence down. pushing her back. >> reporter: cities leaders want to ban the electronic music festival for miami saying it's too dangerous. commissioner mark sarnoff had warned the city about this event before it even started. >> there's no way of putting 70,000 people together with one way in and one way out. >> reporter: in the last few years festivals like ultra fest have been criticized for drug use and security concerns. last september, two people died of drug overdos

john blackstone shows what they were finding. >> reporter: the clean-up is under way at the san gabriel mountains but through mud and debris built up over harrowing days is a threat. >> there's tons of mud in the upper level holding it. it's putting pressure on the foundation. >> reporter: residents here knew mud slides were a danger after wildfires in january burned over the hills. heavy cement barriers were installed to hold back the mud. tough for these homeowners looking at what could have been. >> we're fortune this time but we were ready. >> reporter: two days of wind in a mess. huge waves crashing ashore in santa barbara, impressed diners at a diner, at least at first. the high surf that continued into this morning almost reached malibu's beach side homes. waves and storm water runoff washed away a coastal bike path. rescuers finally reached 4 hikers trapped for 8 hours by a raging stream in the malibu hills. but this being southern california, some surfers cowl not resist the lure of the ocean. and good for skiers too, delivering up to 4 feet of snow in the areas above los angel

john blackstone, cbs news, crescent city, california. >> pelley: and that's the cbs evening news foright. for all of us at cbs news all around the world, good night. >>> now at 6:00, chaos at c csf as a student protest gets out of control. good evening. i'm elizabeth cook. >> i'm ken bastida. this just in, get a look at this protest completely out of hand at the city college of san francisco. protestors were fighting to get past police officers and into the administrative building. hundreds of students and faculty members are upset about new policies they say discriminate against illegal immigrants and poor students. the groups save ccsf coalition is also calling on the special trustee to step down. the school is in jeopardy of losing its accreditation. we have a crew on the scene. we'll have a live report later at 6:00. >>> the inferno that engulfed a construction project in san francisco's mission bay was so big that firefighters couldn't rely on just the normal fire hydrants. kpix 5 reporter ryan takeo tells us they had to tap into a high pressure water tank hidden up in the hills

john blackstone is following the search for us tonight. john. >> reporter: scott, we spent some time today with two volunteer firefighters who have been searching at the site every day. they're a married couple, jeff and jan mcclellan and they were among the first on the seen after the lands slide hit. >> take a square mile of land, scoop it all up-- trees, rocks, everything-- put it all into a blender, blend it until it's all chopped up, pour it on the ground. that's what we were in. it was things i never want to see again. >> reporter: that would seem to explain, as well, why the cleanup is so difficult. >> you take things off in layers. you know, you're removing layers and layers of material, and we pick through the pile by hand, with shovels, and we'd go down, like, 12 feet in the pile, and then you're still finding dry wall. , you know, pieces of beams off houses, roofing material 20 feet down under the mud. >> reporter: they are searching for people they know, one of them alan was with his fiance delaney. they were going over wedding

john blackstone tells us what they are finding. >> reporter: with the storm moving on, today was a dayorÑi moving mud in neighborhoods at the san gabriel mountains. the cleanup is under way, but at ed's house in azusa the mud and debris built up over two days is still a threat. >> there's tons of mud that are sitting in my upper levelr holding it, it's putting pressure on the foundation. >> reporter: residents here knew mudslides were a danger after wildfires in january burned over the hills. heavy cement barriers were installed to hold back the mud. joe roche, is the mayor of azusa. >> it's tough for these homeowners but looking what could have been. >> yes, we're very fortunate this time. but we were ready.t( this, i did not expect all this. >> reporter: two days of rain, wind and high surf have left much of southern california in a mess. huge waves crashing ashore in santa barbara, impressed diners in an ocean view restaurant. at least at first. ( glass shattering ) ( screaming ) >> time to go. >> reporter: the high surf that continued into this morning almost reached malibu's beach

the shades of gray between black and white, he is the senior managing director of global head of blackstoneners. >> when we come back, we will give you the latest on the terrible building explosion in east harlem just 50 blocks north of here minutes ago. we could hear the firetrucks racing up 3rd avenue. we will give you an update of the status of these lotions. you're watching bloomberg tv. stay with us. ♪ >> i am scarlet fu in the newsroom. new york city police and firefighters are battling a five-alarm fire. street ine and 116th upper manhattan. according to the "new york times" and bloomberg, one person has died from the explosion. officials are saying there could be much more fatalities and minor wounds are too numerous to count at the moment. windows were blown out as far away as 10 blocks from the actual site, and cars across the street were destroyed as woelfel stub you are seeing live pictures of the scene right now. police say it was a gas explosion. the major utility said emergency crews were in route and they have no information on whether a natural gas leak might have played a

john blackstone is in washington with the latest.tate is asking people to observe a moment of silence at 10:30 this morning. it will be exactly a week after the landslide and after a week the search has become no easier. in fact, it may have become more difficult for searchers. it's certainly taken an emotional toll. one volunteer fireman i spoke with told me he cried after he found a body and the continuing rain is adding to the continued difficulty of working in the debris field. now, this is a mess. the debris field is a mess. when this mountain collapsed, it brought down 15 million cubic yards of mud. that's now mixed with the wreckage of nearly 50 homes. add that to huge trees that were swept off the mountains. you start to understand the conditions that these search abouterers are working in. to put it simply it's a big mess. it covers an entire square mile and there are plenty of dangers. searchers have describes to me this is not like working in a building that's collapsed where there may be voids and empty spaces where someo

so carlisle, blackstone, they can lend money and they need the wall street people with the expertise.t is what this is all about. he was the cfo of jpmorgan. this is signaling something terribly and wall street the private equity firms more than ever before to me this is an excellent nation point the private equity firms are now wall street firms. forget about the five big banks, you need the private equity firms, they are now competing with them. cheryl: are you worried? are you starting to think i have to protect myself? charlie: they are worried now more than ever before. these guys are encroaching on all of their businesses. i will not tell you who i had dinner with last night, we spent a lot of time talking about how the private equity firms are encroaching on lending. they cannot do it as much anymore because of dodd-frank. the private equity firms are not regulated under dodd-frank. considered systemically important. these are huge players, they are now fighting with wall street over business and it is in the past, these guys were wall street customers, clients, whatever you wa

mortgage market thaws see the mortgage market is thawing just as blackstone is trying to get rid of all these properties that they bought and drove the prices up still wells fargo isn't opening up the spigots the bank is looking to lend to borrow is with weaker credit but only if those mortgages can be guaranteed by the f.h.a. codell said because the loans are backed by the government wells fargo can then package them into bonds and sell them to investors but are they want to restart the chain of events once again they want the government backing of their fraud which is you could call it fascism or you could just call it wall street circa twenty fourteen where they get the government to backstop their fraud and they don't want to take any risk this is the key that munn must understand is that blackstone or any these banks their money is procured riskless lee they do not that's what tom perkins the guy over there at the venture capital firm in san francisco who recently equated the plight of the leak to the whole cost for two. ok tony perkins is a guy who's made a billion or half a billi

blackstone could raise $500 million from the sale.t is the latest from the fox business network, giving you the power to prosper. , more headaches for general motors. new reports say federal authorities are looking into whether the company covered up the ignition defects when it filed for bankruptcy back in 2009 and even more damaging for, damning for regulators, nhtsa may also be held accountable for failing to flag the defects going as far as back as 2007. to explain all of this, elizabeth macdonald. >> now we've got anthony fox. he is the secretary of transportation. he is calling on the inspector general of the d.o.t. to do an audit of the national highway traffic safety administration. that is what adam was just citing. that is a big deal. what is happening now, congress is gearing up for hearings, big hearings coming april 1st. the acting administrator for the national highway traffic safety administration will testify. david freeman will testify. mary barra is going to testify. so we've been tracking this story. how will the he

john blackstone on the continuing threat of mid-slides. big changes for frequent flyers as delta decides to reward passengers for dollars spent, rather than miles flown. jeff pegues is tracking the reaction. and backcountry snow boarding. sharyn alfonsi has the remarkable pictures of an adventurer who dares to go where others have note. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.

john blackstone is east of los angeles. good morning. >> reporter: good morning, anthony and vinita. the rain has stopped for the time being. the forecast calls for more strong storms. that means this neighborhood remains in danger of being buried under a massive mud slide. the rain-soaked hills up the street could give under way. residents were warned if the slides come, rescue will be impossible. >> i repeat we cannot go into moving mud and debris and risk our personnel to get to you in your homes. >> reporter: in january wildfires burned across the hills here that were left dangerously dry after a year with almost no rain. now the fear is that with no vegetation holding the ground these heavy rains could make whole hillsides slip away. >> california has four seasons, it's drought followed by fierks followed by flood, and topped off by mud slides. >> reporter: it has happened in glendora before. there were massive mud slides after fires. 200 homes were damaged. 34 people died. since then california has built storm watter

blackstone could raise $5 million from that sale.disney announcing benefit sherwood would begin the transition to severe seed anne sween knee of disney networks and the television group. swee knee announced she will be leaving. >> weather it's on wall street or money street, making money and losing money today, the in the red right now netflix after word of the apple comcast deal got out. some worried net flick got screwed. maybe sometimes being first isn't always better. shares down 7% right now and ceo rates rehastings owns about 1 million shares of netflix and already lost more than $28 million today. that has to hurt. 28 million bucks, not makes money, cisco, the company is spending $1 billion to get into the cloud computing game. investors, a bit weary about this news, cisco is down about a half of periods point right now and bank be, that will make big money. the folks behind drug-hub, it will sell more than 700 million shares between $2 a share that gives the expect more than $1.7 billion, as and advocate of ordering in dinner

. >> tim, buy, sell or hold, blackstone? >> i think you hold. this has been a great run.e not holding because it's not a great time to see exits. it's a great time for private equity. until this market, if it falls the way people think it's going to, it's going to be pullback time. it's pullback to buy on blackstone. >> b.k., valero. bull? >> at this point, i would take profits. not that i don't like valero. but i like the ethanol space. and i'll bring back andersons. >> wow. >> absolutely. >> what a tease, too. tune in tomorrow. >> really. >> i'm tuning in. >> i'll be here. >>> coming up next hour on "mad money," can black gold make slick profits? cramer is drilling down to find out. all that and much more, top of the hour on "mad money." we have your first trade tomorrow when we come back. ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. wherever you are wi

i'll hand it over to deputy blackstone. >> we just have two tonight. the first one is doing business as region 139 stewart street, has applied for a place of entertainment permit. he does have a place of enter at tainment at another location, unicorn. he would like the about to have entertainment here at this location here at /raoe regent to serve the hotel guests and sales force employees, which is nearby. you will find a list of conditions in your binder and i believe we do have officer chan here from souther as well to discuss them with you. mr. tron, come on up. >> go into that mike. mic. >> good evening commissioners. >> good evening. >> i'm the owner of regent restaurant. >> you want to say anything more? >> i want to thank the commissioners for approving unicorn last year. it has helped the restaurant a lot. this license will help us planning more corporate parties and events for the evening. >> great. and what kind of entertainment are you planning to provide? you say corporate parties, but is there live music, dj's, what is it? >> live music,

so why are blackstone or other wall street firms buying up foreclosed houses all across the country it's simple by renting these houses back to americans and then. securitizing america's on the rental market they can bundle up rental payments the same way they used to bundle up mortgage payments and sell them to investors it sounds familiar doesn't blackstone alone has partnered with several of america's largest banks to bundle the rental payments of over three thousand homes and they're just getting started last month blackstone released the first ever rated bond completely backed by securitize rental payments and sure enough investors rush to get in on the action when this latest get rich quick scheme by wall street blows up and it will the big banks and financial institutions will be just fine like they were in the aftermath of two thousand and eight because they leverage these things so much and they own the underlying assets the houses they have very little skin in the game instead you and i are going to get in face the consequences of their actions thousands of americans are going

john blackstone on the continuing threat of mid-slides.s for frequent flyers as delta decideses to reward passengers for dollars spent, rather than miles flown. jeff pegues is tracking the reaction. and backcountry snow boarding. sharyn alfonsi has the remarkable pictures of an adventururer whoar

>> john blackstone takes us inside one of the web's most popular music sites to meet its mastermind.usic he makes but because of pandora. >> if you could singet it down it's the feeling you get when you hear a piece of music you love. our goal is to make that happen for people as long as possible. >> reporter: 70 million people a month listen to music streamed on the internet through pandora. ♪ >> reporter: the company has become so influential musicians from ""american idol"" step in to give private concerts. pandora's success is driven by its ability to give listeners exactly the kind of music they want. sell pandora one song you like and lit create a virtual raid you station just for you, playing other songs you're likely to enjoy. if you like adele, pandora suggests you give ducky a try. pandora's music analysts listen to each song over and over evaluating over more than 400 characteristics to uncover what's been called muse logical fingerprints. >> do you take any of the marriagic out of it with this hyperanalysis of music? >> well wrks very been accused over the years of taking

john blackstone has the latest on the rescuers and the devastating search. and mind games, terrell brown on the new u.s. memory champ and his unforgettable win. pt

funds and private equity firm so they have gone into communities, buy up these homes very cheap, blackstone bought 1,400 homes in atlanta in one day and start renting them back out to families. .. >> that's when the system collapsed, and now we have the rental back security, more or less exactly the same as a mortgage backed security, but rather than securitizing the underlying mortgage on the home, they are essentially using the rental streams paid by renting families. that pays back the bond. there's a lot of debate right now happening about this process, so what i wanted to get into, and i'll stick to the promise this is not a financial talk, but i want to just seal it down to is we are boom ranging out of the crisis. we are still seeing homes as market commodities. we are furthering financial speculation and final securitization in the housing market, and last, and certainly not least, we are seeing that these types of wall street driven market-based solutions are supposedly the only way we're going to get out of this mess, and if you have a question, like i did recently to a hedge fund

that huge blackstone stake.d here from the ceo of hilton. >> i think it's a pretty modest impact overall. obviously impacted january, a little bit of february. but february's ending up being a pretty strong month. we think march is going to be quite, quite strong. >> asset light, of course, in timeshares is also what goldman is talking about and also they are saying since the ipo hilton has lagged its peers and they believe it could catch up but i think it's slightly controversial because, of course, hilton was priced quite fairly at the start. >> although they are going to add 200,000 more rooms. >> they do have the largest pipeline in the hotel industry, 60% of that is offshore, but you also have to concern yourself with the quality of a lot of those additions which are more franchises than full-service hotels. >> as the industry has been trending. >> indeed. >> as we mentioned many times, though, a success story for blackstone which continues to own a good bit of the company. we were just referencing the time

blackstone's at house. the president is still able to make that trip to new york and get these people together to raise money for the party. this is going to be a tough election cycle. 20is hosting about fundraisers between now and november? to the senatets right now. when democrats moved into this cycle, they did not expect these six seats and the republicans needed could occur. as of now, there are as many as 10 seats in play to flip very if the president maintains the white house for the last two years, nobody thinks the house is in play. if the senate flips to republican as well, this white house is done. there'll be very little they will be able to accomplish. that means the president was to get out and raise money and get as much of that money to democrats that are tolerable as he possibly can. >> the president and the white house has been trying to boost the enrollment in these health exchanges. what is his new way to get young people to sign on? >> they are willing to do anything. everybody knows a

john blackstone is in nearby darrington. >> good morning, bob. it was a dramatic change when they lowered that total of missing from 90 to 30. there was some duplicates on the list and some people thought to be missing were just somewhere else. now it's a much smaller number but for those who are waiting to learn the fate of their loved ones it's no less painful. now for searchers the work is as challenging as ever. they are slowly making their way to a muddy debris field that stretches across one square mile. it's littered with uprooted trees and wreckage of homes and cars. national guardsmen have been working in waist deep mud and water more than 100 searchers a day are picking through the mud and debris, shovel by shovel. it turns out the most effective search tool here comes on four legs. rescue dogs have been essential part of the hunt for bodies and for possible survivors. but even the dogs, even four of the dogs working in the mud is proving demanding and difficult. the good news came mostly in the first hours after the landslide when heli

blackstone may bid for an auto parts maker. to the tune of 5.5 ilya and dollars. owners of gates and working for a sale of the company or an ipo and bids are due later this week. for 2014, thetory idea of private equity coming in and competing with normal transactional mergers in an industry group. we had an interview recently on industrial sell side. the biggest problem is the black stones of the world. >> they have a lot of cash to deploy. >> if you are a financial buyer, you can so make the numbers work. >> coming up, we will discuss how teenagers aren't dumping abercrombie & fitch and american eagle for other brands. what does this mean for retailers and their strategy and their stocks? this is "bloomberg surveillance," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com. >> ♪ >> everyone.ng, an important interview this afternoon -- peter cook will interview the senator from florida, marco rubio. look for that today at 2 p.m. on bloomberg television. this is of quote bloomberg surveillance." let's get started on stores i don't go i

. >> number six, blackstone. company taking a public, seeking to raise as much as $781 million.hird hotel chain blackstone has taken public in the last five months. >> number five, king digital entertainment, maker of the "candy crush" name suffered the drop in months, dropping 60% in its trading debut. >> i am addicted. number four is game stock. they issued a full-year forecast that trailed estimates. gamestop expects to reduce its videogame store count by 2% this year. baxterer three, international, announcing plans to split into two separate companies, one focused on developing and selling pharmaceuticals, and the other on medical products. >> number two, microsoft -- the software giant's new ceo satya nadella is making his public debut, revealing plans to rollout microsoft office for the ipad. we'll have the breakdown of what you need to know about that announcement in a few minutes. >> your number one stock is toigroup, the lender failing pass the fed stress test on a qualitative basis, finding defects in its mining practice and assessment of global exposure. the central b

guest from the blackstone group. we are going to see more activists behaving in this manner.going to crow quite so loudly. they are not going to search for the headlines perhaps as much as they have been. they are going to take a page out of the book of these quieter activists. >> more importantly, john's business is going to benefit. these activists are getting more professional. they are going to investment banks and giving pretty little presentations to file with the sac and make their case to institutional or public shareholders. a lot of this particular -- they'rebank quietly advising these activists. we are not just talking about blackstone. >> if you were an investor in a hedge fund, you do not want to see your manager in the news in a negative way in a public place. there is no way investors at pershing square, when they watch a battle on tv, feel good about it will stop >> they do not like the roller coaster ride. >> but i can tell you that institutional investors are quietly starting fights without letting the public know about it. say, wel call up and have this und

have notny says they lined up financing yet, but they have met with them hungry, blackstone, and disneyr company giving traditional tv a run for its money is vice media. jon erlichman sat down with its fearless leader asking him if a cable network is in the cards for vice. i would have said no up until recently, but we have been selling so much tv around the world. whenever we look at something, we were doing so many events in london that we bought a pub and events in the pub and that came our most successful venture. we are creating so much ip now that it is always smart to on your own platform if you can't. we are looking at various opportunities. there is such a destructive it in a media right now. we are throwing a lot of cash and we can look at buying distressed media assets and seeing if we cannot turn them around. are a profitable company. what does that mean? does that mean you are a wildly profitable company? we are wildly do, profitable. we have been profitable since day one because we came up in a recession. we believe you have to make profit or you do not exist. we have been

john blackstone is just outside oso where authorities are warning of more bad news to come. john, good morning. >> reporter: good morning. the official death toll here is 17, but as daylight arrives here in the west this morning, we're awaiting an announcement raising that number significantly. as many as nine bodies located over the past few days are being cleared by the medical examiner and added to the list. in this huge tragedy, the smallest loss seems particularly painful. searchers late thursday found the body of 4-month-old sinoa hustice. the first week of digging is coming to an end but for searchers, there is no end in sight. >> trees, mud, dirt, residences cars some of them look like they've been put in a blender and dropped on the ground. >> reporter: that's exactly the way it felt to 81-year-old mac mcpherson. >> you just kept mixing it, mixing it and when it got going fast enough took the top off, and it went oh. >> reporter: linda was sitting beside him when the avalanche of mud hit. he grabbed a wooden stick to dig himself out but could not find linda. >> she

john blackstone is just outside of oso where first responders are sharing stories of tragedy and survival. john, good morning. >> reporter: good morning. well, there's daylight coming to the west coast here the confirmed death toll in this landslide will be rising again. the landslide impact zone is just a half mile down the road beyond this roadblock. searchers there yesterday located eight more bodies and they're certain to be finding more. one of the victims found under the mud yesterday was summer raffo. >> she never saw it coming. >> reporter: her brother, dayn brunner, a local policeman, has been a part of search all week. was that painful or relief when they called you? >> it was a relief in a sense that, okay this is closure, just seeing the car put the exclamation point on the amount of devastation, the amount of force and the amount of physics that were involved with that mountain coming down. >> reporter: and that amount of force, you think killed your sister instantly? >> yeah, yeah. that's the belief that we have. >> reporter: and that's a comfort? >> it is, because that was

john blackstone shows us the action off the court. >> reporter: march madness has overtaken las vegasre fans come to cheer and to bet. stephen cook stayed up all night to claim a prime table at this casino. six hours before any game starts. >> easy. normal people should be sleeping. >> reporter: of course, vegas is anything but normal. >> do you have a winner for me? >> reporter: former mayor oscar goodman makes that clear. >> look at me. i'm having a great time. and it's only -- it's not even 9:00, and i'm halfway through this drink. >> this is trenches right here. >> reporter: if anyone should lose sleep over the tournament it's jay kornegay the vice president in charge of sports betting at lvh. how does this weekend rank in terms of your business here? >> if you rank it by dollars, it's very comparable to the super bowl weekend. if you rank it by the number of bets that we accept this is the king. whoever coined the phrase march madness, the word "madness" pretty much explains it all. >> reporter: kornegay and his team set the odds for every one of the games in the tournament. [ ch

blackstone we're covering a lot of what they're doing.st landlord in the u.s. 144,000 homes. i look big picture on the ground. you have some pretty impressive bookings. cheryl: i have a couple fabulous things for you. adam: what kind of guests. i know you don't want to be specific because you have big surprises monday but what kind of guests can we look forward to? >> i'm excited. we'll have people really at top of their fields who are known as the experts in their respective field. they will be the first 10 or 15 minutes on my show. slightly longer conversation. we will have some surprises. some outlyers. for example, on monday, i do have one hard rockser, very successful career, grammy-nominated. turning himself into a entrepreneur, a tech entrepreneur. a lot of people in their second acts but the first 15 minutes are really basically the biggest names of finance in all facets. cheryl: everybody has been nice to you at fox? >> everyone has been lovely. honestly, really, really welcome. adam: free coffee fridays. >> now you're talked. ad

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these are owned i private equity firms and hedge funds like blackstone group and colony and others.what they have done is buy up all these homes really cheap because remember home prices crashed incredibly and spectacularly and unfortunately because of unrestricted credit in the fact that communities lost so much of their wealth very few families -- there are families who are buying his first-time families but a lot are these private hedge fund plans. they would go into communities and buy up these homes cheap. for example blackstone bought 1000 porticone's in atlanta in one day and started renting them back out to families. you have to remember these companies are not landlords and that's okay if they are not landlords but you have to try to understand what type of finance mechanism they are looking to create with these houses with this new metric. what they have done is partnered with a lot of the big banks particularly jpmorgan chase -- lack stone and jpmorgan chase partner and goldman. what they have done is issue a new security called the rental back security. if you remember m