blackstone is the only pure alternative player.ntly committed substantially to the infrastructure space. there's a lot of -- that will be a big asset class as it relates to north america. erik: what else are clients asking you to do? john: clients are interested in to listenspend time to their own investment objectives over the next 5-10 years. for example -- practically, that means thinking about not creating investment vacuums or products in a but actually listening to how people are thinking about assets and their own geographical or asset class needs and objectives and thinking about them more as partners alongside them in certain spaces. you have seen this recently with the government of saudi arabia with respect infrastructure. we have more and more people wanting to talk longer-term with blackstone about certain types of partnerships. erik: are there other countries that are willing to sign $20 billion checks? john: you have to look carefully at every sovereign wealth fund. they all have individual aspirations with respect t

through a blackstone infrastructure fund. blackstone ceo steve schwarzman on what his fund p liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. mom'#stuffynosecold #nosleep #mouthbreather just put on a breathe right strip it instantly opens your nose... up to 38% more than cold medicine alone go to breatheright.com today to request a free sample. i was wondering if an electric toothbrusthan a manual.s better and my hygienist says it does but they're not all the same. who knew? i had no idea. so she said, look for one that's shaped like a dental tool with a round brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to gently remove more plaque. and unlike sonicare, oral-b is the only electric toothbrush brand accepted by the american dental association for its effectiveness and safety. my mouth feels so

. >> the agreement to purchase software and talks to sell a major stake of the business to blackstone and we speak to a ceo first. >> it is 6:00 here and we have breaking numbers from phillips and we will fill in these details with them delivering revenue and the markets have and theyin sales expect the market to grow by

play that catapulted blackstone.ot going anywhere. it is the story of succession we have been talking about across the alternative assets. lincoln: this is a story you have been covering -- the succession happening across wall street in terms of larger institutions. we are seeing transitional moments from first generation to second-generation entrepreneurs. this is something we will have to deal with, as investors. jason: and this hedge fund business is important for blackstone. they jumped ahead not just in front of traditional counterparts but all of the big investment banks, whether ubs or others, to own this is miss. david: thank you so much to bloomberg's jason kelly and lincoln ellis of northern trust. coming up, will german chancellor angela merkel finally get her grand coalition, or will we have to go after what is behind door number 2? alix: if you have bloomberg terminal, check out tv . interact with us directly. scroll through and we watch something you may have missed, especially lincoln ellis, who i

either own blackstone or blackstone stock. i think they went public in 1999 at like $14 a share.ight now, it's over $500 a share. that would be the casino. you want to be the gamblers. you want to invest in the hedge fund. the point i want to make, invest in the casino. that's black rock and blackstone. that's all i have to say. >> please. come on up. >> so bill's report was what i just said, a textbook case of complacency. he didn't mention risk at all, other than you're going to have a meeting, an agenda item on it, which i have zero hope for anything coming out of that. i don't like being the party pooper here. i've been the party pooper for three years now. i've been pushing hedge funds for three years even though i don't like them. by the way, i apologize to john. he was right. i was wrong. the hedge funds declined in the last fair market. i would suggest another bet, which is why i suggested hedge funds. they're going to outperform wean now and the next market. i've been willing to take that bet. i've made that offer several times. my preference wasn't hedge funds, but that

elaine. >> john blackstone. thank you. >>> in northern turkey, a passenger jet skidded off the runway ended up on a seaside cliff with the the nose pointed toward the water. incredibly, everyone on board survived. jonathan vigliati has more on this from the london bureau. everyone escaped the boeing 737 jet. but a few yards more and this could have been a ditch rent story. officials say the plane would have crashed into the water, had it not gotten stuck in the mud. 168 passengers and crew were on board the pegasus airlines flight from ankara as the it touched down last night at the air port. instead of landing the aircraft skidded off the run way and plummeted down a cliff headed for the black sea. passengers described a scene of panic. as they evacuated the precarious plane. and amazingly, each and every one made it off uninjured. in a statement, pegasus airlines said the plane experienced a run way excursion incident. the cause of the excursion is still under investigation. reports in turkey say a bird strike

know you takeg i great pride in its blackstone's reputation and in the credit market blackstone's reputation is taking a bit of a beating over a deal one of your businesses did with a homebuilder in new jersey. did you know about this trade before it became such a controversy? >> we were aware of what was going on. building company and we have financed them repeatedly. it was a complex trade that was put on by hedge funds who were trying to short or go along or whatever they were doing. it didn't work out in the interest of one of those funds who is very unhappy. companyther hand -- a not a hedge fund is very happy and their board of directors is very happy and they are going to get money for business purposes on a favorable basis. how this understand all works. it is mysterious to other people. as i understand it, they agreed to default on some of its bonds could provide it with a different form of financing. even the neutral parties in the market say that that deal and the way it was structured puts the cds market in jeopardy. is that the kind of trade you want blackstone to be doing? >> a

we will come back with byron wien of blackstone. we will be focusing on the global economy and future of europe. this is bloomberg. ♪ london, timeom mar i am mark barton. vonnie: i'm vonnie quinn. back with byron wien from blackstone. we are analyzing his list of surprises. howtalk about populism and it gave birth to a movement in the u.s. and also in europe. how has that run its course? the you see more to go with populism? byron: i thought merkel would have a tough time of it and she did. i thought she would lose, but she didn't. she's having trouble forming a coalition. wasbig 2018 surprise jeremy corbyn becomes the next feminis prime minister. i don't think people have factor thaed that in. britain was growing at 2% before the brexit vote. its growing at 1% now. the u.k. is hurting. confirmation from your counterpart overseas on that. that people are unhappy and they want change an jeremy corbyn represents change. we have aps on the bloomberg today about outlook for brexit in 2018. we talk about various scenarios. among them is

john blackstone, crescent city, california. >> quijano: spectacular. well, that's the cbs weekend news for this sunday. later on cbs, "60 minutes." i'm elaine quijano in new york. for all of us at cbs news, thank you for joining us and . >>> live from the cbs bay area studios, this is kpix5 news. >>> now at 6, people all over california are counting down to the smoke of midnight. recreational pot becomes legal just six hours from now. and good evening to you, i'm juliette goodrich. >>> and i'm brian hackney. just one of the big changes we'll be seeing tomorrow, kpix 5 joe vazquez is where a couple of hundred thousand people will usher in the new year with a bang. >> reporter: we'll have a lot of friends as the night goes on. a crisp, cool night, the show begins in just under six hours but already crowds are busling here . police will be here too, not only in uniform but undercover. there were threats but now there are no threats in place. they are not taking any chances and they're here and are having emergency procedures in place just in place. some f

john blackstone has more. >> reporter: emergency rooms are packed. ambulances are being redirected.edical officials from chicago to california are sounding the alarm. according to the centers for disease control and prevention, in the past week, regions experiencing high flu activity increased from 21 states to 26 states and new york city. the number of states reporting widespread flu activity rose from 36 to 46, and in california alone, at least 27 people have died. the volume of flu patients at palomar health in san diego county has increased so much, a tent had to be set up to manage the influx. >> every year we do see an increase in flu-type patients. this year it hit very hard and very quickly. what we compare it to was 2009 when we had h1n1. >> how are the volumes today? >> it's been busy. >> reporter: dr. alen hanson runs palomar's emergency department. he said on the hospital's busiest day, over 400 patients came in with flu-like symptoms. >> in san diego in the week during the holidays, there were about 3,000 new cases of flu. in the tent here, we're seeing upwards of 68 pa

john blackstone was given a private tour. >> reporter: entering the >> what a place to work. >> yeah,it's not a bad office setting. >> reporter: entering the redwood forests is like stepping back in time. the exact location of the tallest named the growth of titans has long been kept secret to help preserve them. >> the early management philosophy was we're not going to tell people. we're still not telling people. >> reporter: it's home to the tallest trees in the world. >> this is not an official state park trail. >> no. this is a trail visitors have created by searching for some of the trees in the grove of titans. >> reporter: someone posted the gps coordinates on social media. images like this lured thousands of tourists to the area in search of the secret grove. >> calling it the grove of the titans, the secret grove, that just enhanced the hunt. >> it got people intrigued like trophy hunters. >> reporter: and like trophy hunters, people posed with the titans, sharing them online as proof of their conquest. >> you can see the steps leading higher and higher so they can get that p

john blackstone, cbs news, san francisco. >> glor: and that is the cbs evening news tonight.ive coverage of the state of the union address is coming up at 9:00 eastern, 8:00 central. i'm jeff glor in washington. see you again soon. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> new information on furious melania's whirlwind get away. she went to the spa. >> the $64,000 trip to mar-a- lago to escape the stormy daniels scandal. >> this could indicate that things are worse than we might suspect behind closed doors. >>> then, is this for real? the billionaire selling mail order flame throwers. >> can you believe anyone can buy these things? >>> "inside edition" special super bowl correspondent nancy kerrigan. her high five with tom brady. >> good luck. >> thanks, nancy. >> how to make sure you don't catch the flu at your super bowl party. >> no, no. >> then --

jock john blackstone has details. >> reporter: since the earliest days of personal computing, the searchr processing has been a prime focus. >> performance has always been the goal. >> reporter: but now security experts say that search for speed has resulted in serious flaws with the ominous names of "meltdown" and "spectre." >> there are billions of chips out in the world and they power everything from the biggest computers to maybe your cell phone. >> reporter: the flaw was discovered in the cell phone's so-called kernel memory and was designed to be used by users. >> it's a design flaw in how these chips were designed. that's why many of these chips across many vendors are affected. >> reporter: the fear is that sophisticated hackers could steal passwords which would unlock private information on everything from personal commuters and smartphones to the cloud servers that used by almost every company that operates on the internet. so given that scale, how big is this problem now? >> you know, everybody in the world is racing to fix it or find out a way to take advantage of it. it is d

john blackstone, cbs ws >> glor: that is fantastic, and that is the cbs evening news tonight.f glor. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org chance of lightning and hail. and a rare appearance from a trump cabinet member in the bay area.. as the sanctuary state showdown heats up. the chief of "ice".. warning california to hold on tight. good evening, i'm allen martin. i'm elizabeth cook in for veronica. we begin with breaking news: shots fired across the street from the west oakland bart station.. at 7th and chester street. chop . >>> california holding on tight. >> we begin with breaking news. shots fired from the west oakland bart station at 7th and chester. chopper 5 is over the scene. a bart police officer opened fire injuring two people. this happened at about 4: 40 this afternoon. bart police then called in oakland police officers for assistance. no word yet on what led up to the shooting. there's still a heavy police presence in the area as the investigation continues. this video from meal showing an ambulance on t

here's john blackstone.r: the full moon is often a sight to behold, but early tomorrow morning there's a convergence of lunar events last seen in the united states in 1866. >> the big show is to watch the e adow of the earth advancing across the surface of the full moon. >> reporter: but that lunar eclipse is just part of the show. the moon will pass closely to earth, appearing both bigger and brighter, called a supermoon. it's also a blue moon, the second full moon of the month. >> but this blue moon is actually going to be red, just se make things interesting. >> reporter: red because the earth's shadow will turn the moon a rust color, called a blood moon. together, it's a grand slam known as a super blue blood moon. >> it's the ultimate lineup, right, you have a whole planet lined up with it. >> reporter: photographer tim mcmanus can seem obsessed. you're stalking the moon. >> pretty much. >> reporter: he sometimes waits years to capture the moon in just the right position near a san francisco landmark. h

john blackstone reports one area they are focusing on is cleaning up highway 101. >> reporter: aerial drone footage of the thick sludge and debris on highway 101 helps explain why part of california's busiest freeway is still shut down days after the mudslide that now covers 30 square miles of santa barbara county. crews are working around the clock to clear roads and restore power, but 7,000 people are still under a mandatory evacuation order. through damaged cars, trees on the ground and debris from people's homes search teams continue to look for victims. >> you never give up hope. i mean why give up hope? i mean there's people down there who are hoping. i mean what right do i have to give hope? >> we can't get in the car. it's being swept away by a 5, 6-foot wall of mud and debris. >> reporter: david grocenberger described what he saw tuesday as apocalyptic. >> i looked over and said where is the garage? it wasn't there. >> reporter: cell phone video shows mud filling up the family home quickly rising stair by stair, but the house remained intact and the family was able to escape.

[applause] let's put the same kind of center in the blackstone valley. [applause] in the weeks ahead, i'll announce a new public-private partnership to establish the northern rhode island higher education center which will provide hands-on training and a path to a good job for rhode islanders without a college degree. [applause] you give us your passion, we will give you a pathway. [applause] small businesses have always been the engine of our economy. fact, small businesses employ about half of our workforce. that's why we have made investments to support small businesses. a couple of years ago, we announced 10,000 small businesses. a unique partnership at ccri that helps small business owners learn the skills they need to jump to the next level. since then, more than 100 companies have gone through the program. these are local stores, jewelry shops, small food companies. these are our friends and neighbors who put everything they have into their small business. nearly every one of them has added jobs, including evan oliveira, a navy veteran from east p

john blackstone, cbs news, san jose. >> glor: there was nothing virtual about this ride.d next. patrick woke up with a sore back. but he's got work to do. so he took aleve this morning. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. tylenol can't do that. aleve. all day strong. all day long. and for pain relief and a good night's rest, try aleve pm for a better am. what are the ingredients is it the places you go? the things you own? or the people that fill it with meaning? for 150 years, generations of families have chosen pacific life for retirement and life insurance solutions. protecting what's most important to you. that's the power of pacific. ask a financial advisor about pacific life. cancer that has spread to other parts of her body.h is breast she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letro

elaine. >> quijano: john blackstone, john, thank you. in northern turkey, a passenger jet skidded off the runway and ended up on a seaside cliff, with its nose pointed toward the water. incredibly, everyone on board survived. jonathan vigliotti has more on this from our london bureau. >> reporter: everyone escaped the boeing 737 jet but a few yards more and this could have been a different story. officials say the plane would have crashed into the water had it not gotten stuck in the mud. 168 passengers and crew were on board the pegasus airlines flight from ankara as it touched down last night at trabson airport, but instead of landing the aircraft skid off the runway and plummeted down a cliff headed straight for the black sea. passengers described a scene of panic as they evacuated the precarious plane. and amazingly, each and everyone made it off uninjured n a statement pegasus airlines said the plane experienced a "runway excursion incident." the cause of that excursion is still under investigation. reports in turkey say a bird stri

john blackstone and how it unfolded. >> wichita polespoing to a hostage situation.drew when he appeared reaching for a weapon. >> thedn my son opened because they heard something. seamed. they shot him. >> reporter: all a mistake started by this phony call to 911. >> i'm just pointing the gun at the closet it. my mom and my little brother. >> is there any way you can put the gun up. >> no. >> police believe the call was actually made by 25-year-old tyler barris, 1300 miles away in los angeles. finch's death is the first known fatality caused by a dangerous . >> the swatting, the idea is get the swat team out. this are looking for a tactical response.s the fbi in san francisco. officers, see bomb dogs, helicopters. all part of the fuhe this. that can be very -- very devastating. >> the swatting targets are some times celebrities like rihanna online gamers, people making the false 911 calls can watch live that this is being done to them. and they want to record this is into the house. >> detective richardtosays hack 911 appear local can come from he has been a target

john blackstone, cbs news, berkeley. >> glor: it took more than 40 years to bring ku klux klansman edgar ray for the justice of three civil rights workers in mississippi. he died last night in prison where he was serving three consecutive life terms. he was 92. now to some other stories we're following in the evening newsfeed, president trump has called iran's nuclear deal with the expurgz nations the worst deal ever. today he kept it alive, granting iran another reprieve from economic sanctions. he is threatening to pull out of that deal unless it was amended in 120 days. in a late-night tweet the president said he will not visit london next month to open the new billion-dollar-plus u.s. embassy. he said it's because president obama made a bad deal to sell the site of the old embassy, a move that was initiated during george w. bush's presidency. londoners noted mr. trump's cancellation today, displaying a wax figure outside the embassy. kentucky today became the first state to require medicaid recipients to work in order to receive benefits. beginning as early as july, recipients will h

john blackstone with how it unfolded. >> show your hands!> reporter: wichita police officers believed they were responding to a hostage situation when andrew fitch was shot dead after he appeared to be reaching for a weapon. >> they didn't knock on the door. my son opened it because he heard something. he screamed, and then they shot him. >> reporter: it was all a m mimistake, started by this phony call to 911: >> reporter: police believe the call was actually made by 25-year-old tyler barris 1300 mails away in los angeles. finch's death is the first known fafat caused by a dangerous hoax called swatting. this term, swatting, the idea is get the swat team out. >> the people who perpetrate this are looking for a tactical response. >> reporter: john bennett heads the f.b.i. in san francisco. >> they want to see armed officers. they want to see bomb dogs, helicopters. that's all part of the fun they see in this, and that can be very-- very devastating. >> reporter: the swatting targets are sometimes celebrities, like rihanna and justin bieber,

a spokesperson from blackstone refused to comment. and bloomberg lp competes with blackstone.greed to purchase to bolster the cloud-based customer relationship business. the largest software developer in europe generate sales of 6.8 billion euros in the first quarter. says theill mcdermott u.s. tax overhaul has been a major boost for business. >> president trump's tax plan has been extremely well received. i was at a been are with 15 other very large company ceos that by the way, where all my customers. i was honored to be there and they were talking about their investment pieces and how they are increasing. they are increasing jobs. they are increasing manufacturing. nejra: hna has told creditors it is facing a potential third shortfall of $2.4 billion in the indented chinese conglomerate. the funding gap was among financial details during a meeting last week. hna representatives did not respond to a request for comment. creating aer is structure that would manage a massive debt load. one favored option, aside from the initial public offering for the, is combining businesses.

john blackstone, cbs news, san jose. >>> a new treatment offers hope for people suffering from sleepe condition causes sufferers to stop breathing while they're asleep. and affects about 22 million americans. david begnaud checks out a new device that can help them get the rest they need. for those who struggle with sleep apnea, the cpap can be hard to sleep with. don't always work. a lot of people can't get a full night's sleep with it. now a new fda approved destries call -- a last resort. their life depends on it. cleveland clink named the treatment on top innovations for 201. we melt a woman who finally found relief after more than two decade of trying to got a good night's rest. >> i wasn't breathing wasn't getting the correct amount of oxygen. my thought process had gone. family thought she had dementia. the 59-year-old was so exhaust she'd says she could barely do her job as a nurse. >> people were noticing it, but you were too. >> i was too. >> you knew something wasn't right? >> obstructive sleep apn 's. . throat muscles relax, blocking her airway, disrupting her sleep. on a

here is john blackstone.ching elephant seals resting lazily on a california beach, it can be hard to imagine that unseen far out in the ocean they're athletes. >> they're really the olympians of the diving world. >> researchers in dan costas lab at university of california santa cruz put tracking devices on elephant seals to follow them thousand of miles across the pacific. >> each white line here is -- the trajectory of an animal that we have tagged. >> each white line. this becomes solid in there. >> lot of animals. >> we had no idea they were diving to 2,000 feet or more. and doing it routinely. >> researchers are equally empressed with what elephant seals do right here on the beach. did that guy send a message to the other one coming in here? >> sure did. >> that message says the researcher, is surprisingly sophisticated. so that's not just a grunt? >> definitely not. no. >> elephant seals are the only animals known to recognize and remember each other through the unique rhythm of their call. in effect, t

here is john blackstone. >> reporter: watching elephant seals resting lazily on a california beach it be hard to imagine that unseen far out in the ocean they're athletes. >> they're really the polympian yaz of the diving world. >> the lab put tracking devices on elephant steals to follow them thousand of miles across the pacific. >> each white line here its t t trajectory of an animal we tagged. >> this becomes solid. >> there is a lot of animals. >> no idea they were diving to 2,000 feet or more and doing it routinely. >> researchers are impressed with what elephant seals do right here on the beach. >> did that guy send a message to the other one coming in here? >> that message says the researcher is surprisingly sophisticated. so that's not just a grunt? >> definitely not. no. >> elephant seals are the only animals known to recognize and remember each other through the unique rhythm of their call. in effect, the elephant seal is shouting its name. >> so for example, if he interacted with, with sam, and he can actually hear sam's cowl. and say, oh, sam, i remember sam. he beat me la

john blackstone has more on the national outbreak. >> reporter: emergency rooms are packed, ambulances are being ledirected, and medical officials from chicago to orange county, california, are sounding be alarm. >> it's going to be an epidemic orar. >> reporter: according to the centers for disease control and fevention, in the past week, regions experiencing high flu activity increased from 21 states to 26 states, and eew york city. the number of states reporting widespread flu activity rose aom 36 to 46, and in california alone, at least 27 people have died. the volume of flu patients at palomar health in san diego county has increased so much, a tent had to be set up to manage the influx. >> every year, we do see an increase in flu-type patients. this year, it just hit very hard and very quickly. what we can compare it to was d009 when we had h1n1. >> how are the volumes today? >> it's been busy. >> reporter: dr. alan hansen runs palomar health's emergency repartment. he said on the hospital's busiest day, over 400 patients came in with flu-like symptoms. >> up in san diego in the

john blackstone. cbs news, san jose. >> there was nothing virtual about this ride. happened next. do i use a toothpaste that whitens my teeth or... ...one that's good for my teeth? now i don't have to choose! from crest 3d white comes new whitening therapy. it's our best whitening technology. plus, it has a fortifying formula to protect your enamel. crest. healthy, beautiful smiles for life. okay - let's try this. it says you apply the blue one to me. here? no... make every day valentine's day with k-y yours and mine. two sensations. one great way to discover new feelings together. >>> so many who have seen the picture wondered how did that happen? a car dangling from a second floor dentist's office in santa ana, california. surveillance video shows the car flipped a median, took flight. no one was seriously hurt. the driver told police, he had used drugs. >>> britain's highest award for animal gallantry presented posthumously to chips, a u.s. army dog who risked his life attack a german machine gun nest during world war ii. chip's owners donated him to the war effo

>> john blackstone, thank you. >>> up next, piper, the internet sensation.ooking for balance in your digestive system? try align probiotic. for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. also in kids chewables. >>> more than eight weeks after election day, the winner of a seat in virginia's house of delegates was picked out of a ceramic bowl today. the tie breaking lottery was won by david yancey, and with that republicans keep control of the virginia house. >>> tonight we're saying farewell to piper, a border collie that became world famous while chasing geese and ducks off airport runways in michigan. when we met piper in 2016, he was all business in his ear guards and goggles. >>> what is so rare as a day in june? a snow day in january in the south. omar villafranca is there. >> come on! >> for the first time in 28 years, tallahassee saw measurable snow. >> wow! >> reporter: for many in the south, the snowstorm gave them a chance to lay in weather

elaine. >> john blackstone. thank you.ome other stories we are following in the cbs weekend an iranian oil tanker that had been burning for more than a week off the coast of china, exploded and sank today. 32 crew members were killed last week when the tanker collided with a cargo ship. the tanker was carrying nearly a million barrels of oil. a driver who was speeding through the streets of santa ana california last night hilt a median and literally flew into the second story of a dentist's office. remarkably there were no serious injuries. police say the driver admitted to being high. >> high flying snow boarder shaun white earned a ticket this weekend to next month's winter olympics in south korea. the two time olympic gold winner scored a perfect 100 at the u.s. grand prix in colorado. three months ago a terrible crash sent white to the hospital for almost a week. the 31-year-old is now headed to his fourth winter olympics. >>> coming up next, oprah's cbs sunday morning discussion with the organizers of the time's up mo

john blackstone in san francisco. >> up next, here tonight, what your state has been googling.ng for balance in your digestive system? try align probiotic. for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. also in kids chewables. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever happened to me. every great why needs a great how. >>> fresh may be the new watch word at mcdonald's. the chain is testing a new sandwich called the arch burger, nod to the iconic golden arches. the burger made with fresh beef which a number of competitors use. mcdonald's plans to switch from frozen to fresh beef for the quarter pounder this year. the united states of america is divided by what we google. here, courtesy of the daily dot is what each state search last year more than any other state. this is relatively speaking not overall sear

>> john blackstone, thank you. >>> up next, piper, the internet sensation.se birds once affected by o thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home >>> more than eight weeks after election day, the winner of a seat in virginia's house of delegates was picked out of a ceramic bowl today. the tie breaking lottery was won by republican incumbent david keeps control of the virginia house. >>> tonight we're saying farewell to piper, a border collie that became world famous while chasing geese and ducks off airport runways in michigan. when we met piper in 2016, he was all business in his ear guards and goggles. piper died yesterday of cancer. he was 9 years old. we'll be right back. >>> what is so rare as a day in june? a snow day in january in the south. omar villafranca is there. >> come on! >> for the first time in 28 years, tallahassee saw measurable snow. >> wow! >> reporter: for many in the south, the snowstorm gave them a chance to play in weather usually seen farther north. eliza h

and obviously, with blackstone. people are stunned by the resiliency of europe. surprised by what appears to be a recent european miracle. you've been here since 1984. you.st have caught the center was germany and the german economy and we know that the backbone of the german companies thatmiddle star invest on a dynamic basis in the future. she's very productive in the short-term, but is less than .elpful tom: what have you done, john, with your call on euro? the capital market, moving the other way to 1.10. we jpmorgan stand on this? >> we have a target of 1.24. tom: so, you are going to take the rest of the year off? i like that. been, if my view has there is much more common this in common. francine: can mario draghi actually take the quests. >> this could be somewhat of a problem for exporters. there is discussion about possibly moving rates very soon after qe ends. i can see that timetable being stretched out. john normand, jpmorgan. coming up, we speak with labour party member bareness kennedy. route,n, tom keene is on staying in london for a week. of cour

reuters in talks to sell a major sake of its business to blackstone.we speak to the sap ceo. 7:00 a.m. in london. 8:00 a.m. in europe. tooe the u.s. faltered, so did the european markets. the s&p futures. london, paris, frankfurt, all dropped. tech job in asia. all of this to do with a report that nikkei -- a reduction in production of iphones. if that's true, tech could well be under pressure in the european trading station. state of the union today, the fed began 30 bank-day meeting -- the fed begins their two-day meeting. volatility rising across the markets. this is how it looks. volatility rising. the bond market volatility has climbed by 20% this year. the stock market volatility up by 25% this year. .eep an eye on the metals iron or dropped. there is a strike in columbia for them. these markets just taking a snap off the top -- a snip off the top. ana: they are worsening little bit since the last hour. the asian equity session down by 1.2%. a little bit of profit taking perhaps, coming off stunningly high numbers. year in start to a recent histo

vonnie: you said apollo and blackstone were on the sidelines? back to the nature of westinghouse, because it is a servicing business primarily now , which generates stable cash flow, it is the ideal kind of business for a financial sponsor if you prefer. you can use those steady cash flows to back up a fair amount of leverage, which is what is being done here, one billion dollars of equity, $3 billion of leverage. they runn of equity if this business well -- and brookfield is all about operating -- if they operated as well as they have done things in the past, it could be a nice investment. vonnie: erik schatzker, wonderful reporting. fascinating deal. mark: time for the bloomberg business flash, look at some of the biggest business stories in news. reporting quarterly earnings that beat estimates, posting strong prescription sales. it raised the lower end of its fiscal year guidance. walgreens is in the midst of buying more than 1900 right aid locations for $4.4 billion. london was the one performing housing market last year. according to natio

price at 19 on the bell industrial equipment maker owned by blackstone group is trading higher we'llkinging this and bring on the ceo a little bit later on in the hour. >>> meanwhile as we said stocks losing early gains the treasury secretary steve mnuchin continues to comment on the dollar in davos. he said the administration is not concerned about the level of the dollar in the short term but yesterday he said a weaker dollar is good for the u.s here's what he said on panel hosted by cnbc. >> my comments have been that in the short term where the dollar is not a concern of mine, okay, that it will fluctuate, that in the short term there's obviously benefits and issues with a lower dollar and, again, in terms of the benefits, it is beneficial for our trade imbalances there are also issues for people who hold dollars so i want to be clear in acknowledging both. >> all right joining us this morning to talk about that, brievt levitt is oppenheimer senior strategist. both at post 9 glad to have you here. is what the secretary is saying revolutionary? >> no. the dollar made a tremendous

until '23 we will be disciplined regardless >>> speaking on the same panel, steven swartzman of blackstoneroup praised the efforts of saudi arabia in making an overhaul to ets econoits econome said large skcale deals are difficult to implement >> i think it's important that saudi doesn't overreact to something going wrong. because it's icnevitable. if you look at china that went through the most transformational change in world history, in the time frame that they did it economically, they get things wrong all the time and they expect a certain percentage of things not to work and they fix them. if that fix doesn't work, they put in a second fix. recently they get it i think the path for saudi arabia will have some of those types of issues. >> that is steve schwarzman, ceo of blackstone. >>> starbucks shares lose steam after hours. we will explain why coming up next jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher.