blackstone executives are meeting with fund managers during an annual event.ned to comment on the fundraising but according to people with knowledge of the matter, blackstone has managed to raise $17 billion for their latest buyout fund. it is the blackstone capital partners seven and it will continue to gather commitments according to people bloomberg news has spoken with. erik: what does it say to you when blackstone can raise $17 billion and is still going? leon: it's a great organization and has done a fabulous job for their investors. but do i want to put a lot of money into lbo today? my instinct would say no. part of the returns that generated was to refinance their debt they took on at much lower rates. you are doing a lot of lbo's now at a time when the stock market is at historic highs. generally speaking, you have to pay a premium to get it and if you put financing in place today at these interest rates, what is the probability you will refinance at lower rates? it's a great organization and they've done a fabulous job. stephanie: oil prices, are th

blackstone ceo, steve switchman. -- steve schwarzman. erik: tom brady.uarterback will have to stay home. we will be talking about the suspension. ♪ erik: tom brady will miss the first four games of the season and $2 million of his base salary. new england is getting to five -- getting find million dollars. has the league fumbled another delicate situation or was this just? codirector of the university sports society program, lee what is the best way to frame this? new england cutting corners or cheating? >> whether or not they were cheating or just coming quarters, there is a lot being talked about what is and what is not in this report. i do not think it is a legal discussion and that is a lot of talk. this is not a question of legality. is a question of morality. it is now really a question of nfl and disciplinary policy and the disciplinary process. stephanie: if it is not legal -- not illegal then is it just, do the right thing or not? erik: there is some of that. really, you have got to read through the report. a lot of mass in there, greek symbols.

following the likes of blackstone. olivia: what do you think about that price tag for cushman wakefield? everybody is saying commercial real estate might be near the top. jeff: it feels a little frothy. maybe it is on the high end of what real estate companies should go for. i think we just do not know if it is at the top. we will find out later this year if they ipo something at the end of the year. erik: how long before we find out whether monsanto is going to raise? jeff: in the next two weeks. a $45 billion deal. erik: not deal yet. jeff: i should clarify. the response was pretty friendly. they did not say no in such a way that would push monsanto to just go away completely. run year, monsanto made a at syngenta. the feeling is this time around they are receptive. mccracken.f we call it merger monday for the sake of it. today actually is merger monday. jeff: it seems like we are reporting on mergers -- erik: it seems that we are mergers -- reporting on mergers every day. coming up, what are the financial pros readi

blackstone, the safe way is bx. >> i'm long blackstone, i agree with guy.s it back to facebook. somewhere around $81, i think the stock is ready to trade getting through earnings and a lot of expectations. sight, sound, motion, this is what they're getting from this, higher quality impressions. people paying more money for this. this is just the beginning. no one is touching facebook in terms of scale. >> i wants to go to another recent ipo, that would be alibaba. did poorly in today's trading. >> it's the whole area. this is the stock. until that started to come out, it's a stock that moved higher got through 100, 120. ever since this counterfeit issue came up, it's the stock. private markets, not necessarily the bubble, but it's taking away the pop. >> home depot reports earnings tomorrow before the bell and some traders betting on shares moving higher. mike has the action. hey, mike. >> we saw well over 4 times the action in home depot. the most active options were the may 116 calls, over 6500 of those traded for 85 cents. this stock has mochd 2.8% on ea

john blackstone, cbs news. >> the law affects more than california farmers. egg producer who sells in this state must comply with the law. >>> another round of strong storms is marching across the nation's midsection. several tornadoes including this one touched down in oklahoma. in fact this one was about an hour ago. the national weather service says so far most of the tornadoes have hit open areas so right now there are no reports of damage or injuries. >>> quite a light show over colorado last night. strong thunderstorms over the northeast part of the state lit up the skies. hundreds of strikes were reported but no damage or injuries. the same front has brought winter conditions and nearly a foot of snow to the mountains. >>> isn't that something? i mean, talk about shocking weather out there. we rarely get thunderstorms in the bay area so it's quite an event when they happen. there's the teeniest tiniest little microscopic chance that we could get a thunderstorm or two in the diablo range on monday afternoon. probably in the southern part of the range bu

pimm: steve schwarzman and the billionaire chief executive -- executive of blackstone group has madeig investments in the market and paid off well. now he is giving back, $150 million to his alma mater in jail. he spoke with erik schatzker and stephanie ruhle about the need for philanthropy. >> i have looked at giving substantial money to yale over time. that people in life tend to find me now. this is not a surprise. they approach me with a few alternatives of things that might be of interest and this one particularly was of interest to me. stephanie: isn't that the challenge? people find you. you are one of the most accessible people in the financial industry, especially in new york. you must get calls every single day from universities, where the causes, medical research. how do you decide where to put the money? great question because it is not exclusive to me but the people who are sort of in my genuine situation. we do get calls like that. all the time. it's very difficult to figure out which one of the many, many worthy things you support. haveo every buddy needs to -- everybo

groupser of blackstone capital partners is leaving. o in gserberg was the oh.is leaving to start a family office. asked on the bottom the company in 2008 -- blackstone bought the company in 2008. a company is going up for intion, it was discovered 2012 and the long hidden art trove sorted by a german collector. he died last year and the painting is among the first from his collection to be released to the heirs of its rightful owners. it will be auctioned off in london next month, sotheby's estimates the painting could fetch $850,000. betty: germany may be prepared for the worst when it comes to greece, the finance minister raised the possibility of a federal currency for greece if fail.to creditors as germans brace for a worst-case scenario any greece financial crisis. a summit failed to produce the deal today andy german chancellor said greece must do more to get the next round of bailout funds. >> i will have some bilateral talks and have already spoken last night with the french president and greek prime minister. it was a friendly, constructive exchange, b

we will hear from the blackstone cofounder billionaire. he is giving to yale university. opec reduced its global demand outlook for oil, we will take a look and bring you all the numbers for the commodities close. kerry,et back to john the u.s. secretary of state speaking in sochi with his russian counterpart. towe rarely have the chance be able to speak for as long as we did today, as uninterrupted as it was today, and obviously, there are a number of critical issues president obama wanted me to be able to share with president putin and the foreign minister. know, we have, just in the last days, celebrated the 70th anniversary of the day the united states, defeatednd our allies the scourge of nazi-ism. earlier today, i had the privilege of attending with the for thousand of the millions of courageous soviets who died in world war ii are buried. and ia beautiful memorial was moved by the young children they're taking part in the ceremony. surrogate and i both came away from this ceremony with a very powerful reminder of the sacrifices we shared to bring about a safer worl

advice from the blackstone group? mark: what does the largest u.s. carrier hope to get out of the deal? etty: finn janice capital. why he didn't retire, go way to the beach. you will have a preview of an exclusive interview. government bonds sold off continuing this decline. many investors are wondering, purchasing a tantrum beginning of a bear market in bonds. thet down with vice-chairman of blackstone group night asked in that question. byron: i think it is going up, i saw that for long time. there is a lot of liquidity out there, looking for a safe place to park. i think that is why you see yields in europe lower thin yields here. that is incredible to me. there isn't a european balance sheet except in germany that is at all like ours. they are really expensive. interest rate are negative. , higher yields. betty: the fact that we are seeing this selloff, does this competition the situation for central banks? harder for the fed to raise interest rates, for the ecb to exit qe? byron: what makes it hard for the federal reserve is the economy is doing

blackstone shares their production for this year and beyond.ds, and much, much more. ♪ betty: it is 10:00 p.m. and san francisco, 1 p.m. in new york. verizon has agreed to buy aol in deal valued at 4.4 billion. this could help them make more money from multiple video. mark: myron weiner looks into his crystal ball and tells us about 10 things to watch in 2016. gross is given about $700 million so far. we will hear more about his philanthropic efforts and his definition of success. good afternoon, i am betty liu, here with mark crumpton. welcome to the bloomberg market day. let's start with a look at what is moving the markets up on this tuesday. let's start with a

blackstone group is looking to benefit from san francisco's skyhigh housing prices that have resultedechnology boom. it is working with a partner to develop a $115 million residential and retail project in nearby oakland. blackstone and city view our property companies started by clinton administration housing official henry cisneros. they hope to start construction by the end of the year. plans call for 35 rental apartments and 24,000 square feet of retail space. the former home of the late pop music superstar michael jackson is up for sale. it is yours for $100 million. the 2700 acre estate once known as neverland ranch is located 130 miles northwest of los angeles. jackson bought the property in 1988 and turned it into a combination of amusement park and a zoo. he stopped listening after it was searched by police investigate allegations of child molestation. jackson died in 2009 at the age of 50. the u.s. national transportation safety board is investigating the crash of a prototype of a solar powered drone. that google plans to build. it was destroyed in a crash in a new mexico te

blackstone controls 51% of up standing -- of outstanding shares. now,stock is down right one of the most actively traded on the market. are blamed00 deaths on faulty general motors ignition switches, three more than the total confirmed just last week. the attorney overseeing the compensation funds will get payments. awards are planned for 184 people who were hurt. " sequel keepsgers overpowering the competition. now -- it has now taken in more than $300 million here and another $875 million worldwide. on tuesday, it opens in china. those are your top headlines this morning. mark: coming up in the next half-hour -- betty: president obama wants to invest in global market shares. from brian chesky from airbnb. mark: shares soaring today after a big investment from ali baba. we will look at what is in it for jack ma. betty: and john kerry will meet flood of your purchase -- will be vladimir putin for the first time in two years. president obama is honoring entrepreneurs at the white house . they have been working to help startups in the u.s. but tackli

tom: about what happened to blackstones and other investors who went in and bought all cash. >> theyat. tom: are they selling homes so buyers can go out and buy home. >> they boosted the price, because they got into marketplace, still not in the market. we're still working on, that you know, i mentioned before that big banks are out because there were such heavy regulation on them, and they faced $100 billion in fines, they have backed off, they were 60% of market now they are 30. tom: they are not going there again. we have these millennials that have student loans up to their ears work ratio for qualities they don't. >> they are renters, a lot of stones that blackstone have, they are now renting them, it easier to ren rent than buy. tom: thank you, gerri willis week-long special 5:00 right here on fox business this week. >> on eve of 5 year anniversary of flash crash. do you remember that? send the dow plummets a thousand components in seconds. -- thousand points in seconds, what did we learn from this? you don't want to miss it. life begins with a howl, we scream shout, shriek wit

john blackstone shows us how that turned into action movie kid.into a movie published by simon & schuster, a division of cbs. >> reporter: this boy is pretty much your typical 4-year-old th wi super human powers. the action movie kid videos have blowed up online scoring millions of views. they're created by his dad, a special effects wizard who's worked on films such as "kung fu began 2." >> i've told you about climbing on there. >> reporter: the short clims involvein involve them. they're simply captured on a smartphone and then turned into movie quality magic. >> you forgot your lunch. >> he's pretending to be i iron man. i thought it would be so fun to show him. >> what was your reaction the first time you saw james blowing the kitchen apart? >> sorry. >> i guess i thought, oh. >> reporter: his mom has her own outlet. creating custom chocolates for parties and events for a home kitchen. >> he has a daddy who makes cartoons and he lives basically in a chocolate factory, so he's a lucky kid. >> and in a twist on the old story, he's coming to a to

lots of details and the components of the assets i'm not going to repeat that but recap the center blackstone block is the biscuit concentration of sub open space in the yerba buena gardens neighborhood including 67 acres of gardens open space and foundation and additional on the central block 32 and a half acres fokdz dpkd on children's uses given the magnitude of the gardens this scope of the services in the contract is very expensive and has operations and maintenance and security and event support and capital improvements and asset management and facility assessment monitoring in november of 2013 ocii submitted a long-range property math to the property of finance and it is still reviewing the plan plan as has to the end of 2015 to respond it is a transfer for governmental purposes in the meantime, eject has took to operate and maintain the property proposed 3 year extension to mgm contract hazard the security for the transfer the city as a future property porn or opener spofts it's prauchl practicing approval for a smooth transition to the city and gives the city time for a solicitation

. >> i'm john blackstone."action movie ♪ ♪ ♪ ♪ >>> do you believe in magic? that's the song and that's the question. the hollywood set wizard really really loves play time with his son who has a wild imagination. that got his dad thinking what if he could use his skill to record videos of his son and give him super hero powers. jock john blackstone shows us how that turned into ""super action kid." >> reporter: he's pretty much your typical 4-year-old with super powers. the "action movie kid" videos have blown up on line. they're created by his dad, daniel hashimoto, a special effects engineer who has worked on films, too. >> i'm climbing! >> i know your mom's going to kill me. >> real moments at home not directed by dad are captured on a smartphone and then turned into movie quality magic. >> you forgot your lunch! >> he's pretending to be iron man in blasting through the kitchen, i thought it would be so fun to add graphics to these and show them to him so he could see what it was like being a super hero. >>

blackstone was a good example and they have a lot of potential deals going on in the energy patch. they are poised to do well. they are cheap, that's a good combination. >> reach into the pocket and take out the phone and send us a tweet and we'll read it. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. my daughter.door there's a scientific genius at work... it all started when she got a dell 2-in-1. it's a tablet when you want it and a laptop when you need it. dell 2-in-1s with intel inside have everything you need to learn and do just about anything. whoah! genius. like father, like daughter. dell inspiron 2-in-1s. starting at $379.99. buy select pcs

we have some market commentary out from blackstone.has contributed $3 trillion in the stock market. sam: if you go back over 60 years and look at the monthly meeting differential between core inflation meant and fund rates, we should be above 3%. right now. tracy: number three has to bring all things asia. i am going to run them down a. we had the yen dropping. we had the weakness. we had a wild ride for chinese stock. they are down again today. at one point they were up 4%. we've got massive asia volatility. sam: i think with the prospect of higher interest rates, that is making the emerging markets more competitive. they are shrinking. also take a look at the baltic dry index, down 60% over the past six months. there is no economic growth anywhere. erik: do you have as much faith in the baltic dry as you used to? stephanie: it used to be hot. it used to be all anyone cared about. sam: it's been saying that there is a diversion since the fourth quarter of last year. nothing has really happened. erik: is there any buddy younger than 40

stephanie: blackstone does it how challenging is it for you to be in that's ace when these private equityemoths are in there in a big way? can i do not know what i do not know. they are a terrific term. they invest a lot of money. we are smaller, but listen, i think globally, there is a lot of opportunity and blackstone built a business and has differentiated themselves in a lot of the same ways. they started 20 years ago doing a lot of the same inks, and that is a trend that will continue. erik: thank you. great to meet you. a good story, i think. stephanie: without a doubt. alix: thank you so much. we will check back with you later in this show. come out next, alibaba is saying the chinese slowdown could be a red flag third we will speak to a shareholder later in the hour on his position. ♪ alix: welcome back. billionaire oil tycoon things oil prices are headed higher. he is going for $75 per barrel by the end of this year and 90 by the end of 2016. speaking to bloomberg in las vegas today, he also had advice for exxon. >> the only way that exxon could increase their production back to

i'm john blackstone, woodland, california. >>> time to show you some of this morning's headlines. "the wall street journal" reports that bill and hillary clinton earned more than $25 million from speaking engagements over the past 16 months. financial disclosure forums submitted the federal election commission showed democratic presidential contender hillary clinton also earning $5 million from her book "hard choices." >>> "usa today" reports starbucks has a warning for its customers who purchased items using their mobile phones. it says hackers can syphon money from mobile app accounts. customers who were targeted won't be charged for the stolen goods. it is not just this company, i thought uber had a similar issue as well. >>> "the los angeles times" says google plans to send their fleet of self-driving cars out to the roads. they will hit the streets of other companies are taking note apple and uber are fine-tuning their own prototypes. a quarter million self-driving vehicles may be sold every year by 2025. >>> and "the new york times" says fao schwartz on fifth avenue here in

jason: we have heard that to be the case to what we've heard from blackstone and others, they are courting them in and nice dinner and then gather them together and it's not a hard pitch. in tore bringing them their impressive offices, hearing from economists, hearing from dealmakers around the world. that's often how they convince these guys to become partners with them. there is a level of trust. out: the story is kkr rolls petraeus. it is on bloomberg.com. jason, thank you so much. we appreciate it. coming up, more on charters deal uy time warner cable. ♪ mark: it is 11:00 a.m. in san francisco, 2:00 p.m. in new york. scarlet: this is the bloomberg market day. mark: charter communications hopes its $55 billion bid for time warner cable will finally seal the deal on a merger that has been years in the making. charter's ceo spoke to bloomberg. scarlet: that doesn't mean motorists -- how the state wants to try out a new safer mile tax. greece'sghing in on never-ending debt negotiations. his take on situational surprising. -- the situation will surprise you. good afternoon from bloomberg wo

blackstone and city view our property company started by the clinton administration housing official, who bought the land in january. they hope to start construction by the end of the year. they call for as many as 435 new rental apartments. terror are rising today. the new york post reporting that intel posted a deal to buy the chipmaker. last month bloomberg reported that they had rejected an altar offer from intel. that's the biggest technology deal of all time. aboutplenty of questions dennis hastert being charged in a hush money scheme. he agreed to pay the 13 $.5 million to cover up past misconduct. they say he broke banking rules to do it. it does not say who the other party was, or the alleged misconduct. it has been driven more than one million miles and gone through three engines. it transported celebrities such as jackie onassis and muhammadan ali, and countless new yorkers. last checkered cap in new york city is up for auction. it was officially decommissioned in 1999, later sold for $134,000 but the auction company does not expect that kind of price this time around. they

jonathan: blackstone now saying that the ukraine proposal is an olive branch.is situation very closely. where is the russian money that was meant to ukraine among this story? ryan: it is a tricky one. what the ukrainian government is saying is that the russian money that was lent to ukraine will be treated just like all the other bondholders. the russian government is saying, we are different. that was a sovereign loan. we want to be treated differently than this group. that really holds things up. the russian government is saying they won't accept -- that we don't know they are party to this deal. we know that they won't accept any kind of major haircut either. it is sort of a can of worms that we are waiting to have untangled between russia and ukraine. jonathan: ryan chilcote, thank you very much. let's take it to the u.k. prime minister david cameron continuing his european tour. today, he visits poland and meets with the person who support he needs the most to renegotiate britain's relationship with the eu angela merkel. let's get out to alan crawford in b

he is the head of the blackstone group, and he has said that the tech sector has "so much amazing valuet is a look at the top stories in this hour. coming up in the next 30 minutes, we will have the latest in the greek bailout talks, and then the japanese yen falls to a 12 year low against the u.s. dollar. we will take a close look at how this affects some of japan's biggest companies. and more than 400 new tv shows debut this year. we are going to tell you why the market is getting flooded with so many shows with viewers who do not have enough time to watch them. and this one is my all time fave, call it the second coming dick fuld, this is his first speech since lehman brothers lehmanollapse -- brothers's collapse. o your company? ask our friend from washington, a former member of the financial crisis inquiry commission, who on many occasions, interviewed mr. fuld. firms indicates why some thrive while others fail. i am not saying that dick fuld is making a comeback, but what do you make of it? guest: if i were an investor, at least i would ask some questions. itselfbrothers destroyed

he's the cofounder of the equity firm,te blackstone group comments is the technology sector has so muchng value creation. those are your top stories. we were just speaking about today's european summit with thence ministers discussing greek debt crisis. nouriel roubini a -- nouriel roubini is there and we ask what the best ideas to emerge from the summit were thus far. situatione are in a that is the new mediocre. it is anemic and you have to work along many parallel lines. countries have to do structural reform to increase productivity and potential growth. but in most advanced economy, there's a slack in the labor market and a lack of aggregate demand. there is a debate ongoing any policy community about whether that should be occurring mostly through monetary policy and it has become unconventional like negative rates or whether there is room for fiscal policy. the pace ofbe fiscal consolidation was loaded. >> where are we on greece? they are closer to a deal with the imf. what's the conversation in the hallways like in dresden? how close is greece to striking a deal? the greeks are

blackstone has raised $17 billion in initial funding for its latest buyout from according to people with knowledge of the process who say fundraising will continue. it is already one of the largest funds raised since the 2008 financial crisis. the for-profit college industry continues to implode. last night, career education said it will close or sell all of its colleges to focus on its two universities. is closing its 15 our campuses. the feds have been cracking down on the industry, leading to the collapse of corinthians college last week, amid all allegations that it falsified grades and job placement. lumbar suspended sales of laminate flooring from china. this is so a special committee can study the supplier certification and processing. they allege they sold floors with excessive levels of formaldehyde, a known carcinogen. now i want to get to some breaking news out of yelp. let's get to cory johnson who is standing by. >> dow jones is reporting that yelp is seeking a potential acquirer. pretty dramatic as the company was ipo to a couple of months ago. seeking a potential sale. tha

the blackstone group's vice-chairman sat down with betty liu and she asked him whether equities are beinget up. >> i think we are long overdue. we have not had once his 2012 and i think we could have one now. some of theonvert investor optimism to pessimism, and at least concern, and set up a platform for the markets to do better later next year. >> for we are not overvalued, why do we need a correction? >> sentiment plays a big role in stocks. when everyone is optimistic and everyone has bought all the stocks they want to buy, who is left to buy? >> maybe there is a reason it is trading at this level and essentially right where the economy is at right now. classic you asked me how i would i would say market, fairly valued, not overvalued or undervalued. on the other hand, the prospect is for earnings to improve, maybe not this year, but certainly beyond that. look at it from an earnings yield point. sellingearns 120, around 2000, that is an earnings yield of five point 5% to compare that to a 2% treasury. preferred asset >>. >> the question is just because stocks are attractive fundament

blackstone and city view, started by a clinton housing official, bought the land in january.as many as 435 new rental apartments and 24,000 square feet of retail space. the u.s. national transportation safety board is investigating the crash of a prototype of a solar drone google plans to build. it was destroyed in a crash at the new mexico test site on may 1. the crash was a setback for google plans to use drones as a platform for delivering internet service for the sky. for the first time in more than two decades, chevrolet will build the camaro in the u.s. the company is moving reduction from canada to lansing, michigan. the plant will add 500 jobs. those are your top headlines. coming up in the next half hour, we have, live from new york, a saturday night live museum. it will display carefully curated history. oil jumping the most in weeks as a drop in stockpile could signal the supply glut is easing. details atng you the the commodities close. and watch out, facebook. google is jumping into virtual reality with a cheaper alternative to oculus rift. that am more, coming u

he is doing just fine as the cofounder of the world's largest private equity firm blackstone.est stories. coming up in the next half hour of the bloomberg market day -- pandora turning 10 years old this year. we will hear from its founder, technologies. we will take you inside the biggest technology deal ever. and gamestop is expected to announce earnings after the close. the battle for your wrist is going right to the court. awbone is suing its rival fitbit, accusing the company of plundering employees and making off with critical secrets. jawbone this left year. they took confidential information about the business. fitbit denies the accusation and is fighting back in court. guest who has advised companies in similar situations before. he is now the founder of a company in silicon valley, a talent strategies advisory firm and our bloomberg view columnist katie -- that is very cool, katie, because i read you all the time. thanks for being here. katie: thank you. state, you have experienced these losses before. what are they really about? guest: if there is a lawsuit that his

private equity funds, big guys like they and capital and -- bain capital and blackstone will make the deals. marshall, -- marshall: those are few and far between you have to be willing to make a bet on energy prices. most private equity firms accountable making bets on things that are not quite that macro. it is a big bet. i would not be surprised if that is also a strategic gain more than a financial gain. scarlet: if we take a broader look, we had $1.9 trillion of deals announced. where are we in the cycle, the third inning, the eighth inning? marshall: we are above the third inning in terms of numbers. it was notrisis quite $4 trillion. now, to the first half of this year, we're trending back. look, this is a product of the very rich equity market and strategic's looking to dissipate as sometimes plain deep -- participate and sometimes playing defense. i'd nothing will go on forever. i think it will shift at some point. alix: what kills it? the fed raising rates? jeff: that would be one thing, but the antitrust environment. comcast was not able to get the deal done, odds are charte

having us and barron's talked about blackstone. everything we have been saying bx heading to 47 bucks. >> i'm melissa lee. thanks so much. it's been fun being at the emerge america's conference. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always there. "mad money" starts now. >> i'm cramer welcome to "mad money. welcome to cramerica a. my job to teach and educate. all or tweet me at jim cramer. what did we rally today? it the warren buffet halo the recognition maybe the world is doing fine or the percolation through the market or perhaps the dollar peaked and we're through with the dollar-related estimate cuts or that we have a huge amount of interest in high gross stocks by positive news flow. that would be something new. responsible for the dow's 46-point gain and nasdaq .32% add a vance. which one? no, it's a combination of all three. buffet, the dollar top and high growth, the best back to back days since february. let me parse today's session and help you make sen

a secondary offering by the blackstone group. the hilton chain will not get pro-steeds.ds 65%meanwhile and 16% of its shares are in this. >> new york's governor wants to help nail salon workers. andrew cuomo helping to protect them from hazards and wage theft. this comes after an investigation of the agency. those are your latest top stories. a new poll out from bloomberg picture giving a clear of hillary clinton and how she is stacking up in the presidential race. joins meing editor now. thumbs up or down for hillary? the outfits you have on today. very patriotic. i feel he get's the fourth of july. you look very nice. , surprisinglyine fine, in terms of, she was off from a really tough time. a lot of scrutiny and criticism for the practices in her e-mail and the foundation and yet, the poll is up in new hampshire. there are some warning signs but mostly, she is still in a star position with democrats that she has been in with the fall. >> there is a distinction between her base and the general election. troop here the first thing you have to do is win the nomination wi

earlier here on bloomberg tv, the chairman of the blackstone group talked about the european centralmulus program on the impact of bond yields. >> it means you had relatively fragile markets a giant buyer called the ecb. they were busy buying. that drives yields to unrealistically low levels. the idea that you pay somebody -- asst who issues a bond a buyer of the bonds, that is actually sort of almost completely unprecedented. isvia: meanwhile the deadly a test build the league about interest rate hikes. in zurich, he says it will signal a rocky regime shift for the market. closing arguments today on whether the man who shot president reagan may live outside of a mental hospital. for about a year, john hinckley has been living more than half a month at his mother's home in virginia. lawyers say if he is a leather to live full time he should wear monitoring devices. u.s. callow ranges are in a position that they have not been in a must a decade. they are increasing the sides of their herds. prices for cattle and beef stored the cousin a shortage in 2014. for the first time in eight ye

we talk about blackstone all the time this saturday's article was all the things we have been saying for the last six months. behrends says 40 bucks, i agree. >> i am blue in the face waiting for that sell-off. i sold 80% of my position at this point. i do think we will see a 10% correction. nothing is going to be spared. so i think you will lighten up at these levels. >> correction 10% or more, that's a bold call. >> i don't know if it's bold or not. >> keep trying. >> try and try to eventually get it right. up next, big earnings on deck herbalife out with earnings, how can you profit ahead of tomorrow's open? plus is tesla going the way of the used car salesman? why going downstream should take us a whole lot higher. no slacker. whoa, commodity king dennis scott. this is a family show. den nit gartman is taking on hedge fund heavy hitter david einhorn. will you not want to miss that. we are back right after this. man: you run a business. could be any kind of business. and every day you've got important decisions to make, like hiring. where are you gonna find those essential people

it was taken public by blackstone just over a year ago and despite opening downwards first day of tradinggn of something good in this market the stock has been gaining ground ever since. in fact they hit a brand new all time high last thursday. the day after the company reported a strong quarter delivering in line earnings and better than expected revenues but what really impressed were the key me tricks like revenue up 8.2% year over year. plus the company gave robust guidance guidance. it's using franchise deals to expand rapidly all over the country. of course the stock has run at these levels up 8% since we spoke to the ceo last february and that giving us nearly 20% gains. can it keep climbing? let's take a closer look at president and ceo. welcome back to mad money. >> glad to be here. >> when i spoke to you last everyone was so worried about oil and gas going down in price you reassured people. i read the research. so many guys chose to doubt you. it turned out to be a tail wind that gasoline was down and not a head wind. >> again, very nice first quarter as you said 8.2%. 4.3% in

in describing that system, the great english jurist william blackstone once said, "better that ten guilty persons escape than that one innocent suffer." we have strayed very far from that sensibility in america today. for more, go to cnn.com/fareed and read my "washington post" column this week. let's get started. >>> iran's actions this week again made many observers scratch their heads in confoundment. on tuesday the nation's revolutionary guard fired shots across the bow of a cargo ship the maersk tigress and then seized it. according to the shipping company, the "tigress" was in international waters at the time and such a hostile action is said to go against accepted standards of maritime law. and this, of course, comes at a crucial time for iran as it tries to finalize a nuclear deal with the west. i wanted to dig deeper and understand the collective psyche of the persian people, if one could do such a thing, where their heads are at this important juncture in history. we all know how americans feel about the nuclear deal. there's cautious optimism from its supporters. >> i think thi

. >> what about utility holdings and wish to add to our long time black rock and/or blackstone positions. what do you think? >> i'll tell you, i know this is -- i'm not trying to -- i'm not punting here. both are terrific. i like them both. i've been recommending them both on a pull back both of them are very right. whether i say pullback because i think with interest rates going higher goen day and i did not expect that they could reverse so quickly, you might get a better prior tomorrow or the next. anyway activist the company made the alergen deal work this morning. if they can do it oeshgs companies can do it too. time to see worth while acquisitions. a stock rising on the huge shift toward organic food, milk plant based alternatives. i got the ceo with an exclusive. then china slashes rates. will it spark an economic revival in the far east? you don't want to miss my take. plus western union is one of the oldest players in the money transfer game. but can they keep growing as high-tech players like paypal and facebook join the fray? i'll as the ceo. stick with cramer! >> don't miss

>> thanks miami for having us and barron's talked about blackstone.g bx heading to 47 bucks. >> i'm melissa lee. thanks so much. it's been fun being at the emerge america's conference. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always there. "mad money" starts now. >> i'm cramer welcome to "mad money. welcome to cramerica a. my job to teach and educate. all or tweet me at jim cramer. what did we rally today? it the warren buffet halo the recognition maybe the world is

we spoke with blackstone. all of them have these very sophisticated efforts to do that.of the reason is that pension funds, the biggest source of funds for private equity over time, they are still investing heavily but as we shift from defined benefit to defined contribution the pools are stabilizing if not drinking. they need new sources of capital. stephanie: does that mean we are not that many years away from jay-z sporting possible clients? if you are going to bring in influence, people are saying, i will give you money if donald per trace comes to a meeting? >> they want to be in the room with smart people who can talk about the global economy. one thing we heard from family offices that have been to the meeting is really, it is a soft sell and they really want to be around smart people and eventually maybe they get some money down the line. erik: thank you. stephanie: when we return ryanair's ceo, finding out that being cheap and cheerful is good for business. michael o'leary joins us next. ♪ stephanie: charter hopes to succeed were comcast does not. it has agreed

my god, there are so many blackstone your, it looks like a cloud of smoke. -- so many blacks down here it looks like a close look. they do not have many blacks in the north. most of them lived in the south. southerners lived around a lot of blacks all the time. they looked at race a little more differently than a northerners, but not too much different. there is not that much of a difference. wallace proved that in his campaign for president in the 1960's, he won as much as he did north as he did south, the most. we have to look at that reconciliation as a whole conciliation of the north and south about how to deal with race by 1899. and then look at in supreme court cases that have passed 1899 and 1904. there really is a political we conciliation about how race will be handled in america one generation after the civil war had ended. we have to take those things into consideration. we also need to, in our study of reconstruction focus on immigration. by the end of that reconstruction immigration has impacted this country for, what 60 years? one of the things i cover in the book is a wh

a friend of his was given a lectureship at oxford called the blackstone lectureship. his friends knew no law so johnson said i will write the lectures for you. he wrote 1600 pages for free for his friend. between 60 to 72 he wrote the lives of the poet 52 biographies containing 378,000 words. this hunger to express, he had a great social club edmund burke adam smith but he also had his home. former prostitutes, slaves doctor with no money and 13 people living with him at a time. there was the largest to him a generosity of spirit. that was all created out of intellectual honesty. when he died one of his colleagues wrote he has made a chasm which not only nothing can fill up that which nothing is a tendency to fill it. johnson is dead let us go the next best. there is nobody. no man can be said to be quicker of mind and johnson. so from johnson we learned how to turn suffering into self-understanding and the importance of radical curiosity and intellectual effort and the way intellectual effort can lead to moral goodness. the third friend i met was a woman named doroth

yes, it has not lately been as successful as blackstone but it manages more than $200 billion and athael cavanaugh had a shot at ceo. stephanie: again, on paper. it's not as if he is taking a job for chump change. this is a big job at comcast. erik: he hardly got his id badge working. stephanie: it makes me think maybe they gave him an offer he cannot refuse. ptom: the roberts family owns the control stock that clearly, they want to dive into the operations of a global multi-business media company that is very aggressive. there are great operators running the cable business and the media business. if you are the cfo of comcast you are a strategic you maker and that's what they historically had in mind. stephanie: maybe he could not find a lunch buddy at carlisle. tom: it recalls the growth questions at the carlyle group. comcast is trying to capitalize and growth strategies. where the carlisle founders are thinking about the future is a good question. michael cavanaugh may have given us an adjusting answer. erik: what's on the table? could the three of them stay for longer at carlisl

erik: blackstone ceo steve schwarzman on many things, including his latest deal. $150 million gift to

blackstone's ce ox made. >>> some extraordinary numbers there.a bit of a bull market. >> it remains to be seen. we did close out a record high on friday. >> we're going to break. the greenback on the rebound. this as chicago president charles evans stays a june rate hike is still on hold. >>> and a shoot out in waco texas between rival about biker gangs. uild it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us. it's more than the cloud. it's multi-layered security and flexibility. with centurylink you get advanced technology solutions. including cloud and hosting services - all from a trusted it partner. centurylink. your link to what's next. >>> welcome back. nine people are dead and more than 100 are under arrest following a deadly shoot-out between rival biker gangs in waco texas, nbc's jay gray joins us live with more