blackstone ceo stephen schwartsman. first, here's my take. this week we've watched the perfect illustration of a country fighting the last war. the trump administration has now devoted weeks of time, energy and political capital to rolling out its temporary travel ban of citizens against six muslim majority countries which have collectively not committed a single deadly terrorist attack in the united states over the last four decades. meanwhile, the white house is response to a devastating barrage of wikileaks disclosures that will compromise national security for years was a leaker. the wikileaks revelations are designed to cripple american intelligence operations from isis or al qaeda. wikileaks claims to be devoted to exposing and undermining centralized power everywhere yet it's never revealed anything about the intelligence of the russian or chinese governments both highly centralized dictatorships with central and advised cyber intelligence units. in 2015, u.s. cyber war chief mike rogers warned that we are at a tipping point testifying

blackstones ceo steven schwartzman. the businessman billionaire will tell me what affect trump's plans will have on american wallets and the global economy. but first, here's my take. this week, we've watched the perfect illustration of a country fighting the last war. the trump administration has now devoted weeks of time, energy, and political capital to rolling out its temporary travel plan of citizens of six majority muslim countries who according to the libertarian cato institute have not committed a single deadly terrorist attack in the united states over the last four decades. meanwhile, the white house's response to a devastating barrage of wikileaks disclosure s that will compromise american national security for years was a promise to prosecute leakers. the wikileaks revelations are designed to cripple american intelligence operations of all kinds against any foe from russia or china, from isis or al qaeda. wikileaks claims to be devoted to undermineening centralized pr everywhere yet it's never revealed anyth

john blackstone, cbs news, frangs. >>> coming up after your local news on "cbs this morning," the firstnning the vatican museum takes us on a special tour of vatican city's iconic art. >>> plus, nearly a year after prince's death, we'll talk with a close friend of the pop star who was among those who found him dead, and that's only on "cbs this morning." >>> that's the "cbs morning news" for this wednesday. thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com >>> a manhunt is continuing this morning after a shooting causes a lock down at a local school, we will tell butt key piece of evidence that officers have found, while looking for that shooter. >>> also, it is sentencing day two former aid to governor christie will learn their faith faith after their convictions in the bridge gate trial how long they could spend behind bars. >>> in the house it approves a bill to change how your on line browsing information is handled, we will let you know will be able to get that information in the bill, that is heading to the president's desk, once it

john blackstone has the controversy from fresno. >> reporter: farming is a big industry across california and across the nation. but it faces an army of small enemies and many who work in farming use the pesticide color pure foss as ammunition. >> it's very important for controlling the small pests that can wreak havoc on the crops. >> reporter: for 50 years it's been used on dozens of crops including corn, strawberries and citrus but the scientists under the obama administration found that the chemical could interfere with children's brain development. >> reduced iq, lower working memory scores, increased adhd, those are the kinds of things. they were -- they were small effects. but they were meaningful. >> reporter: in 2015, the agency proposed banning farmers from using the pesticide. but now, the new leadership of the epa says reliable data overwhelmingly in both quantity and quality contradicts the reliance on earlier studies. the epa says farmers can continue to use the pesticide while more research is done. new epa administrator scott pruitt issued a statement: we need to provide r

john blackstone spoke with him. >> reporter: climate scientist ben santer has long believed that withs rising and glassiers melting, climate change denial would melt away. >> boy, how naive were we. >> reporter: now he's faced with a new president raising old doubts. >> a lot of it's a hoax, a hoax. >> imagine you spend your entire life trying to do one thing and then someone comes along and says everything you've done is a hoax or a conspiracy or is worthless. what do you do with that? >> reporter: in the 1990s, santer became one of the first scientists to analyze all of the climate data and reach what at the time was a startling conclusion. >> the balance of evidence suggests influence on global climate, and like it or not, i was the guy who carried the can for that finding. >> reporter: santer wrote an open letter to president trump urging him not to listen to ignorant voices. he said science has argue again and again that they're wrong. >> these zombie arguments take a life of their own once they're out there. they keep on coming back and you can't slay them. that's the frustratio

laws limiting carbon in the atmosphere. 20% of americans live in one of those states, and john blackstone met one of them, a climate scientist who sent mr. trump a warning. >> reporter: climate scientist ben santer has long believed that with temperatures rising and glaciers melting climate >>ange denial would met away. >> boy, how naive were we? >> reporter: now he's faced with a new president raising old doubts. >> a lot of it's a hoax. it's a hoax. >> imagine you spend your entire life trying to do one thing, and then someone comes along and says, everything you have done is a hoax or a conspiracy or is worthless. epat do you do with that? >> reporter: in the 1990s, santer became one of the first scientists to analyze all the climate data and reach what at the time was a startling conclusion. >> the balance of evidence suggests a discerning human influence on global climate. like it or not, i was the guy who carried the can for that finding. >> reporter: santer wrote an open letter to then-president- elect trump urging him not to listen to ignorant voices. he says scientists have prove

earth day, thousands of scientists are expected to join a march on washington. >> pelley: john blackstone by the bay. john, thank you. this morning the president tweeted and then crowed about a decision by ford to invest in michigan. car companies coming back to the u.s., mr. trump wrote. but who deserves the credit? dean reynolds found out. >> reporter: the white house drum roll began early. "big announcement by ford today," read a tweet from the president. "car companies coming back to the u.s. jobs, jobs, jobs." and it happened just three weeks after mr. trump met with autoindustry executives. as press secretary sean spicer was quick to point out. >> this adds to the growing wave of positive n under the president. >> reporter: but the automaker says its billion dollar investment at three facilities is really more about plant modernization and that actual new production jobs come to about 130. the new investment was actually agreed to during the 2015 labor negotiations when barack obama was president. so is this announcement by ford today big news? >> well, they're big investment dollar

here's john blackstone. >> reporter: when wild flowers bloom like this in the southern california deserts a sight to treasure. >> this is good. this is not to be missed. >> reporter: visitors to the ana borrego state park east of san diego are witnessing the desert at its most colorful. it's a rare display thanks to rain this winter that finally broke california's drought. >> quite a variety that's come up. >> reporter: steve bier has been a park ranger here for 15 years. >> you wonder, where did the yellows and the purples and the whites come from. >> reporter: ana borrego received double its annual rainfall, enough to bring life to seeds lying on the desert floor for years. these seeds have waited all that time? >> there are some that have been waiting for decades. >> reporter: what kind of respect does it give you looking out at the desert? >> this is beautiful. you can not look at this and imagine that someone could come out and say nothing survives in the desert. >> reporter: but it's also true that nothing survives for long in the desert. and then, as well, one day you'll come out

and john blackstone met one of them, a climate scientist who sent mr. trump a warning. >> reporter: ben santor has believed that temperatures rising and glaciers melting, climate change denial would melt away. he's faced with a new president, raising old doubts. >> a lot of it's a hoax. >> imagine you spend your entire life trying to do one thing. and someone comes along and says everything you've done is a hoax what do you do with at? >> reporter: in the 1990s, santor became one of the first scientists to analyze all the climate data and reach what at the time was a startling conclusion. >> the balance suggests a discernible human influence on global climate, and like it or mott, not, i was the guy who carried the can carrying that finding. >> reporter: he says scientists have proven again and again that arguments made by climate change deniers are wrong. >> the zombie arguments take on a life of their own once they're out there. they keep on coming back, and you can't slay them. that's frustration, it's not a hoax. this matters to every american. >> r

here's john blackstone. >> reporter: when wild flowers bloom like this in the southern california desertit's a sight to treasure. >> this is good. this is not to be missed. >> reporter: visitors to the ana borrego state park east of san diego are witnessing the desert at its most colorful. it's a rare display thanks to rain this winter that finally broke california's drought. >> quite a variety that's come up. >> reporter: steve bier has been a park ranger here for 15 years. >> you wonder, where did the yellows and the purples and the whites come from. >> reporter: ana borrego received double its annual rainfall, enough to bring life to seeds lying on the desert floor for years. these seeds have waited all that time? >> there are some that have been waiting for decades. >> reporter: what kind of respect does it give you looking out at the desert? >> this is beautiful. you can not look at this and imagine that someone could come out and say nothing survives in the desert. >> reporter: but it's also true that nothing survives for long in the desert. and then, as well, one day you'll come o

blackstone is worried about angela merkel.ll tell you why. >> this is "bloomberg daybreak asia." i am betty liu in new york. yvonne: and i am yvonne man in hong kong. you are watching china trade closely. >> looking at these trade numbers coming out of china at the moment. looking at seeing how this bears out at the moment. also looking at how this goes in the u.s. we do have the new president donald trump. we are joined by someone from barclays. course, also in china we have the international people's congress -- national people's congress taking place here in we are going to be talking about stock strategy when it comes to china. that is coming up in about 15 minutes. she is from atlantis investment management. joining us there. least, itertainly not is international women's day. in some ways, the lives of women have gotten that are in some sense. in other ways, it has gone backwards. a gender gap does exist. 62 million girls are not in school globally at the moment. we will look at the world bank. that is on the way as well

steve from blackstone is leading the policy council.s are very much in the conversation and wilbur ross is a private equity guy. they are all over the place. vonnie: thank you for that. our thanks to jason kelly. france in the plot will be speaking exclusively to jamie 30.on tomorrow at 7: ♪ david: 1:00 in washington in 2:00 a.m. in hong kong. ."lcome to "bloomberg markets here are the top stories we are watching at this hour. the debate over the republican proposal to replace the affordable care act continues. we will get the latest on the house markup and what is galvanizing the legislation's critics. talks ross's has massive -- says massive talks will not come until later this year. we will also hear from the washington governor later this hour. his thoughts on president trump's travel ban. a busy day on capitol hill as theblicans plan to replace vrable care act moved to the markup stage. house speaker paul ryan emphasized how this bill is importanin

john blackstone, cbs news, sacramen sacramento.still ahead, the films i'm joy bauer, and as a nutritionist i know probiotics sacramencan often help. sacramento. >>> still ahead, the films try digestive advantage. it is tougher than your stomach's harsh environment, so it surivies a hundred times better than the leading probiotic. get the digestive advantage. >>> the third annual drone film festival took flight in new york this weekend. the awards are being given out tonight. kenneth craig has the story. >> reporter: from the skyscrapers of new york, to the cliffs of abesa, drones are taking hobbyists and filmmakers to new heights and capturing extreme athletes in ways never seen before. >> it can go anywhere you want. and that's amazing. as long as the operator is good enough to put it there. >> reporter: director randy scott slaven is gearing up for the third annual new york city drone film festival. a growing event he started after seeing an emerging number of drone videos without a proper outlet to showcase their work. >> drones

. >>> blackstone sold its 21% stake many seaworld to a chinese he investment firm. seaworld will provide support for developing theme parks in china, taiwan, hong kong. and twitter is reportedly interesting a paid subscription option. the social media platform is conducting surveys to assess interest in an enhanced version of its tweet deck aimed at professionals. >> had reimbursement for the ten with us glucose monitoring system. the u.s. senators clarified criteria of the device yesterday on the nuts the company is up to 82.62. moving the other way, u.s. concrete said the cfo will resign and the company is replacing grant thornton as its primary accounting firm. additionally on, behalf shareholders, whether the officers or rt directors have engaged in securities fraud. all of this adds up. the shares closed at $60.80. >>> this week's market monitor is finding opportunities in some big tech names he says are leading the way in cloud computing and mobile advertising. and they could see it rise. he is the ceo, tim, welcome barks, ni back. microsoft is number one. a v

betty: byron wien of blackstone.g up, songwriters for beyoncÉ and other the stars are singing the blues, the streaming blues, fighting higher rates from services like spotify. we will break it down for you. this is bloomberg. ♪ oliver: this is "bloomberg markets." i am oliver renick. scarlet: i am scarlet fu. tomorrow in washington, songwriters r arlike beyoncÉ and growtic the -- convd the copyright board to accept rates for streaming. whenever rate they take will last for five years so they have to make their case carefully. >> yeah, when you think about the relationship between the visit industry best music sndustry and the weight -- way you listen to me, you think of the artists themselves -- beyoncÉs, garth brooks. the problem for songwriters is that because of really old legislation, their rates are still set on the government -- by the government. to havetheir one chance a rate that they feel will work for them and give them enough money because streaming services have already taken off the past few years and y

john blackstone shows us how the largest state police agency in the nation, the california highway patrol, is responding to the problem. >> >> reporter: encounters between the mentally ill and police too often end with gunshots. >> an analysis shows one in four fatal police shootings involves someone who is mentally ill. >> stay away from me. >> now the california highway patrol is using interactive technology to train officers to better deal with the mentally ill. >> you are going to go with your dad to the doctor. >> trainers manipulate the scenario depending on how the officer reacts. >> she jumped on the bus. >> in one situation, a woman threatening to kill herself occupies a school bus. >> i can't, i can't get off the bus because something bad is going to happen to me. >> ma'am, i do not want you to kill yourself. i am here to help you. >> >> reporter: even experienced officers say the virtual situations present a challenge. >> you don't know what you are going to go through because the scenarios can change on most of them, so it's as real as it's going to get. >> reporter: there was

blackstone is nearing a $1.4 billion deal for hansteen. he will follow that story with interest through the morning. of june finance ministers wrapped up in germany over the weekend. in their statement, the finance chief dropped references to resist trade protectionism, renewing concerns about donald trump's desire to pursue new trading terms. for more on that and what came out of the g 20 meeting, let's head to brussels, where matt miller is. good morning. what was the reaction to u.s. treasury secretary steve mnuchin and the delegates trying to understand what the truth is about what america first means for global trade? matt: yeah. although i'm not sure donald trump has ever beat around the bush when he is talking about his america first policy or when he talks about the protectionist policy he intends to enact. i think the trade ministers know what the white house wants to do. they were really trying to gauge what kind of power steve mnuchin is going to have us treasury secretary and forge a relationship with him. they were pleased wit

claim victimhood it is blacks after slavery the government forced segregation but kira davis says blackstoneeed special help. they don't? [laughter] >> shockingly we can take care of ourselves. black culture is probably one of the struggles cultures in america and there is a good case to re-read one of the purest forms of real american culture. black culture is pop culture john: you have everything. >> we have everything. [applause] john: the music and the movies. >> two words. kanye west. [laughter] black people in this country have literally built america on our backs coming from nothing we had nothing demanded the right to have but was constitutionally guaranteed, i got that, marched got the right to vote and to work and to each and mary who we want. we did tattersalls. somewhere along the way we became the people who said we want to stop doing things for ourselves other people need to do things for us. look at all the numbers the black communities have dropped it education, marriage. john: they were going up. >> absolutely we don't need government. government has taken more from us they

they're being sold to prudential plc and to funds managed by blackstone.nal living wage goes up tomorrow by 30p to £7.50 for people over 25. by 2020 the government plans for it to reach £9. young people in the 16 to 24—year—old age bracket will see their pay rise in october. president donald trump talked tough on trade on the campaign trail, vowing to renegotiate a range of major deals and to label china a currency manipulator on day one. now his administration appears to be taking a more cautious approach. the president will though be signing a pair of executive orders aimed at cracking down on trade abuses. our business correspondent michelle fleuryjoins me now from the new york stock exchange firstly, what our trade abuses? what is he define that as? expect him to sign executive orders later today. the first one orders review of what are some of the causes behind america's trade imbalances with some of its partners, trading partners. what i mean by that? if we look at america, it has some trade deficit of about $500 billion. in other words, it imports m

. ♪ betty: blackstone ceo, steve schwarzman, one of donald trump's top economic advisers says he expectsmp to soften his youth on china. we know steve schwarzman has very close ties, said he has some interest here in saying that. what's he saying? he is saying the donald trump in the white house is evolving from the donald trump we have seen on the campaign trail. tradeeals with the imbalance as well. let's take a listen. how things go with the discussions, but it is very measured and not quite as hyperbolic. i don't think there's going to china as aegarding currency manipulator. ramy: now, mr. trump has the benefit of time on his hands. on beijing's side, they have a called outlook on u.s.-china ties. take a look at this chart on the bloomberg terminal. on the criticism of chinese currency manipulation, look how much the country is earning through its foreign currency reserves. the lowest 2011. callinga case for not china a currency and it later. heidi: up next, trump using a better than expected jobs report indi: it is 9:30 here sydney. a sign we could go a little higher, a .1% gain an

. >> john blackstone by the way. thank you. >>> this mosh irning, the presi tweeted and then crowed by a decision by ford to invest in michigan. car companies coming back to the u.s., mr. trump wrote. but who deserves the credit? dean reynolds found out. >> reporter: the white house drumroll began early. big announcement by ford today, read a tweet by the president. car companies coming back to the u.s. jobs, jobs, jobs. it happened three weeks after mr. trump met with auto industry executives, as press secretary sean spicer was quick to point out. >> this is jobs news under the president. >> reporter: but the automaker says the billion-dollar investment is about plant modernization. and new production jobs come to agent 130. the new investment was actually agreed to during the 2015 labor negotiations, when barack obama was president. so, is this announcement by ford big news? >> they're big investment. but they're big dollars that we have known about by and large. >> reporter: she is for the automotive research. >>

what is blackstone planning?e if local media reports are anything to go by, getting rid of 10 australian regional and subregional shopping centers, and local media estimates the deal could be worth -- or the sale could be worth about $4 billion. this would make it the biggest estate offering in australia in 2017, would raise funds to fulfill blackstone's aims of fulfilling the property portfolio. different companies in australia may oversee the sale, and we could wrap it up in the second half of this year. yvonne: on the subject of shopping, we are less than an hour from the retail sales on your end. if the market expecting a turnaround? paul: yeah, expecting and hoping because the figures for december were pretty low. you think for christmas you get a good boost, but they contracted 0.1%, way down by the household goods sales, that metric down 6.6%. the theory goes that number was really hurt by nervous retails offering deep discounts in the weeks leading up to christmas. so what we are expecting for january is

tom: local media reporting blackstone, the world's largest property investor, maybe looking to sell 10egional and subregional shopping centers around australia with an worth an $4 billion -- estimated $4 billion. they are looking to expand its --million portfolio overall $6 billion portfolio overall, so it was up to wrap up the deal in the second half of 2017. we have to watch and see if it actually happened. expecting to are people to open their wallets a little bit more in january. >> normally with you would see people pick up for the christmas stretch, but the market is expecting a rebound by .4%. do not get a forecast for the jobs market for february. will be interesting to see what is available. there is a lot of questions of underemployment and week wage growth in australia at the moment. weak wagefar as the growth, that has earned the attention of the treasurer with a budget coming up, right? paul: he is being on the weekend -- boostingressed the bottom line for the government. it was about 250 million terms $250e government looks -- million in terms of the government books, and

. >>> need to be nicer and long blackstone. >> me?u guys go unabated for six, seven minutes at the top of the show. >> i like biotech. great play. >> friday after the close, i think the stock goes higher. >> semiconductor index. more and more consolidation. companies join. >> names. >> qualcomm. >> come on. >> qualcomm buying xpi. they will do well. watch intel because they are moving way from the pc business. that could be good because they are competing with qualcomm but now in the cars. those could be two stocks you should watch. >> semi equipment. >> i like to throw out a couple of names. visa, all time high back to the ipo in '08. >> love it. buy it. >> visa or mastercard. >> visa over mastercard. i like the transaction process. >> visa, great businesslike mastercard. no credit risks. if rates move up -- >> you own both. >> what about 3m. anybody own it? >> we've been selling it. when you look at industrials. >> not a good move. >> yes. >> industrial companies are all reflecting -- >> "power lunch" starts now. >> it sure does. i'

blackstone group is ending a thrill billion dollar hedge fund and will ship most assets into other creditt lock up client capital. investors thered option to move assets into other distressed credit. that don't feature withdrawals. that is your bloomberg business flash update. scarlet: coming up next, mark barton will join us. this is bloomberg. ♪ >> this is bloomberg market live from new york. we want to welcome our viewers and our listeners on bloomberg radio. oracle's push into software is paying off. the company secured his position as the fastest cloud company at scale. cory johnson is in palm springs, california where he is joined by mark hurd. ory: we are right next to palm that is why mark is here. the stock is at a 52-week high. why are we here at this event? >> this is a big tennis tournament. the tournament itself has been bought by larry ellison. us, he hassee around upgraded the facility to a fantastic place. we are a sponsor. we use it as a customer event. 600 customers. cory: a really interesting quarter for oracle. some trends continuing. the one that struck me the most wa

if this exceeds $22 billion, which is blackstone's biggest gathering 2007, i want to talk about the sizewill be going? they want to have a wider swap of companies. they see the environment be more conducive to this. jason: ultimately, if you have that much money, you have to do some big game hunting. one of the things we haven't seen come back since 2007 are really big deals. to 2007, youback had $30 billion deals that were run-of-the-mill. summer of 2007. jason: that's all we were seeing. hilton hotels, first data, toys "r" us, these were $10 billion, $15 billion, $20 billion deals. guys continue to billion funds, are we going to see leverage bias? , thank youon kelly so much for bringing us the story today. watch our new show "bloomberg yield" every day. he will be talking about global issues and events that directly affect the debt markets. catch it every friday right here. scarlet: coming up, women making major strides when it comes to atf. the passiveft investing is creating a new breed of female investors on international women's day. this is bloomberg. ♪ oliver: this is bloomberg

juliette: blackstone says it is shutting its $3 billion --.t has been given the option to shift money into other distressed credit false. the decision reflects the desire of the hedge fund to shield themselves from quarterly redemption which can be difficult to bear when investing in volatile markets. tissue by have gained in tokyo trading. that as its memory chip business is attracting morbid there's including japanese back to equities. development bank of japan is considering a joint offer with u.s. financial bidders. representatives for a toshiba declined to comment. hsbc chief executive stuart gulliver is being investigated by u.k. tax officials over his residency status. he lost a bid to end an inquiry that started in 2015 centering on where he was living in the previous tax year. the ruling says the government is not making any allegations as to the impropriety. he has spent a significant amount of time living in asia. french authorities have joined the u.k. in a corruption probe of airbus. the investigation is focused on allegations of

essentially as sir william blackstone writes, the very being more legal existence of the woman is suspended during marriage or at least incorporated and consolidated into that her husband under his wing protection and cover she performs everything. hence the name overture. the castle that in woman occupies belonged entirely to her husband. so the essential mythology of this is that the married woman lives under her husband's protection within his castle. has a lot of implications and one is that a woman cannot defend himself from an abusive spouse. the law allowed husbands to discipline their wives their chastisement are punishment. they say a husband might give his wife moderate correction. the only exception to the masculine monopoly on violence existed when a white woman protected her chastity. so and this had to be from a stranger so there was no such thing as marital rape. there was never a knowledge of marital rape. when a woman said i due to marriage she essentially consented to sex whenever her husband wanted it. in fact in this nation, marital rape was not a lot until the 1990s. so

former secretary of commerce, former chairman of lehman brothers, kuhn, loeb, now chairman of the blackstone group in new york. brian: you mentioned senator percy earlier, and anybody that's watched this network has seen your work with the capitol steps. what is the capitol steps, and how did you get to sen. percy's office? william: well, i, like neil, am a boomer who grew up in the out in california and then went 1950's to harvard in the late '60s in the middle of that campus turmoil. graduated from law school and the kennedy school there and came to washington; worked in variety of jobs in addition to writing that book about the vietnam war. i started working with sen. percy right around the time elaina newport and i formed the capitol steps along with jim aidala back in 1981. over the past nine years with elaina, i have written about 400 song parodies about the foibles of washington -- many of them the same foibles that neil and i write about in a very serious tone in this particular book. i guess i'm one of those unusual people in the entertainment industry who after the show is over i'l

juliette: blackstone is shutting its $3 billion distressed debt fund.n given the option to send money into other disk dressed -- distressed radicals. reflects the desired to shield themselves from quarterly redemption which can be difficult to bear with -- when investing in volatile markets. toshiba shares have gained in tokyo trading. its memory chips business is said to be attracting more potential bidders, including government-backed entities. bank of japan is considering a joint offer with u.s. financial bidders. a representative from toshiba declined to comment. stuart gulliver is being investigated by u.k. tax officials over his residency status. gulliver lost a court bid to end an inquiry that started in 2016. centering on where he was living in the previous tax year. the ruling says the government is not making any allegations of impropriety. an -- a has spent significant time living in asia. authorities have joined the u.k. in a corruption probe of airbus. allegations of fraudulent practices related selling planes and arranging aircraft financi

hitting its highest since 2007, and this is after blackstone and hansteen'so acquire properties for aboutlion euros. an improving economy improves demand. on the downside, i'm looking at casino, the french supermarket chain, cut to neutral at credit suisse. in terms of other calls, you've raised to buy at baron berg. it has risen the most in more than a month today. there was some news in the ta is to cutt aryz its debt by one billion euros. we're seeing it had higher today. matt? matt: thanks very much. the ecb governing council member says policymakers could step away from their commitment to keep interest rates low for a long time after quantitative easing stops. he told bloomberg it depends on a number of factors. >> the consideration that rates isl remain low for some time related, i think, to two things. first, the economy has to pick up at a sustained rate convincingly. otherwise the market will not be able to deliver a higher rate of interest, which is clearly not observable, but it is the way we should judge the monetary policy. we have beeniously bonds,ing bonds, public but also

john blackstone is at an almond farm in fresno, california, with what is behind this controversy.rter: good morning. since 2000, it has been banned from most household use. but here in the central valley, some 90% of the almond orchards like this one still use the pesticide as do farms nationwide. under the obama administration, the epa wanted it ban the pesticide, but the new administration has some other ideas. farming is a big industry across california and across the nation. but it faces an army of small enemies and many who work in farming use the pesticide as ammunition. >> it is very important for controlling those small pests that can wreak havoc on the crop. >> for half a century, the chemical also known as lorsban has been used on dozens of crops including korb, strawberries and citrus. but the scientists under the obama administration found that the chemical could interfere with children's brain development. >> reduced iq, lower working memory scores, increased adhd, those are the kinds of things. they were small effects but definitely meaningful. >> reporter: in 2015,

and finally byron wien frrks u from blackstone. also that coming up on "squawk alley."amous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) >>> with the health care debate raging in congress and the president's tax reform agenda slowing, markets seem to be doubting the promise of a pro growth agenda. joining us this morning, samir seman is wells fargo's global strategist and we have ariel investments' vice chairman. good to have you both with us. charles, there's policy expectations, we're in the midst of this fed track, earnings, you've got geopolitics, you've got comcomey. how much is riding just on capitol hill right now? >> a lot of run in particular sectors was obviously very tied to washington, and usually, people overestimate the impact of washington, but this time i think it's fair to say. the area i've spent a lot of time recently on is bank stocks, because they are such a big part of the value indexes. an

blackstone, probably the single jurist who most educated the founding generation, said the civil jury is what prevents the encroachment of the more powerful and wealthy citizens. so you have a constitution, a great deal of which is dedicated to protecting the individual from the pouwer of government ad the power of the state and to dividing up the power of government and state so it does not unify and crush individual behavior or dreams or wishes. this institution is the one that was designed to protect the individual against other more powerful and wealthy citizens, and in this world, our most powerful and wealthy citizens are these ginormous corporations, ones that collectively in the fossil fuel industry enjoy that $700 billion per year subsidy. so i would urge that as you consider this array of cases that chips and chips and chips and chips away at the civil jury access that regular americans have, particularly where it involves big corporations because they are the ones who can force mandatory arbitration on people, for instance. they are the ones who tend to be the victims of cl

company had a 21 stake from blackstone group for $21 a share. with attendance and criticism over its use of killer whales and shows. credit suisse increased its payical 6% as the ceo was $12 million for his first full year on the job. credit suisse is in second year of a turnaround plan. the bank is been hampered by market turmoil and legacy issues. it is considering a share sell to raise more than $3 billion. it is the first for italy's emi. made an offshoot in mexico. says it has struggled with shallow formations in mexico. that is your bloomberg business flash. alix: thank you. week.ices down 3% this setting a tough backdrop for opec. energy sector has followed continuing to be the weakest performing sector within the s&p. .oining us is robert thummel he managed $15 billion and now he is up to $17 billion. also joining us is dan. i will pull up the chart. -- ite pressure on opec puts the pressure on opec. the orange line is the five-year average. dan, does opec have to extend the cut to deal with that? an: they do. i think opec is feeling the

the $34ask her why billion fund company is now a massive one behind blackstone in the field.en's day so we will throw in a question about girls who invest. she sits on the board about that. and later we will talk about the .ond moves as you mentioned, international women's day. the march on washington, they launched a campaign for women to stay home from work today, urging women to avoid shopping today unless business is owned by women or minorities. and the world's third-largest asset manager has constructed an opposite for wall street's infamous bronze bowl. state street global advisors is installing a statue of a defined the bullfront of overnight. putting more women on their boards. it will sit around in manhattan for the next month. that is according to spokesperson of the company. very cool. today?n't i stay home it would have been a game changer. s&p, you have bank of america and citigroup, one of the top performers. you will have yields higher in the u.s. and you now have a 10 year yield, it 2.56%, eight straight days of gains for those yields. this is bloomberg. ♪ jo

blackstone, probably the single jurist who most educated the founding generation, said the civil jury is what prevents the encroachment of the more powerful and wealthy citizens. so you have a constitution, a great deal of which is dedicated to protecting the individual from the pouwer of government ad the power of the state and to dividing up the power of government and state so it does not unify and crush individual behavior or dreams or wishes. this institution is the one that was designed to protect the individual against other more powerful and wealthy citizens, and in this world, our most powerful and wealthy citizens are these ginormous corporations, ones that collectively in the fossil fuel industry enjoy that $700 billion per year subsidy. so i would urge that as you consider this array of cases that chips and chips and chips and chips away at the civil jury access that regular americans have, particularly where it involves big corporations because they are the ones who can force mandatory arbitration on people, for instance. they are the ones who tend to be the victims of cl

it's buying those shares from funds associated with blackstone. >>> back to today's top story.ote for the bill or live with obamacare. eamon javers joins us live from washington. i just read a great quote from yesterday. 50 times they try to repeal it and vote for it. now they got a chance to do it. eric kantor, cantor said now it bullets they're shooting with. back then they could do it and there was no downside. >> that's right. sean spicer said exactly that from the white house briefing room yesterday. look, they voted again and again to repeal obamacare when president obama was still in office. they knew it would never become law because of that. now he said it's a live ball. here's what white house omb director nick mulvaney told republicans yesterday behind closed doors, saying ultimately they're simply going to have to vote for this. he said trump is done negotiating over the republican health care bill. the vote must happen today, friday, and if the bill fails, he said, the president simply is going to move on and leave obamacare in place. the president putting all the