go online to see the story on the blackstone fund.oming up, chinese stocks tumbling the most since 2016, but bank of america says don't get too excited. this is bloomberg. ♪ romaine: some headlines crossing the wire here. some vendors saying they want their products back rather than allowing it to be liquidated within this bankruptcy process, including eastern prime textiles. a couple other unsecured creditors basically saying they want the retailer to return the goods it received prior to the bankruptcy filing. they are asking the judge to get their products back before sears moves in a further -- any further ahead. chinese stocks jumping the most since march 2016 after top officials moved to shore up the economy and offer support to the struggling private sector, but bank of america says not so fast,. here with more is bloomberg's shery ahn. is this run-up sustainable? shery: the bank of america merrill lynch, especially their china strategist, who predicted the market trash -- crash, said that this is because of sentiment. we have

you what blackstone's fees were.>> mith: right. what blackstone's fees were. that was disclosed. but then there's a whole set of sub-fees. and if you read the contract, there's no specificity it's vague. >> the, the fees were disclosed. the nature of the fees were disclose the contract laid out the fee structure for the underlng portfolio funds. >> smith: in vague terms. >> you're characterizing it a certain way. it laid out the fee structures.r >> smith: is no transparency issue, in your view. >> there is no transparency issue. they know exactly what they received. there were target benchmarks that werestablished. they received nearly three times what was expected in the target benchmarks. >> we're still entitled at this point for no one to have pre-judged anything that my clients have done. we don't know yet. >> smith: the lawsuit is likely to drag on for years. but the defendants insist the bulk of kentucky's pensionbl tr are due to underfunding and two market crashes. . to defend our reputation. just because a complaint shreds

creating what some people forsee is as our next bubble around real estate is when companies like blackstone decide to dump this but i do want to make an important point here that what we're dealing with in atlanta and i think other cities as well but what we're dealing with in atlanta is not actually a crisis of economic resources. our city budget is not a random shopping list it is a list of our moral priorities and really since two thousand and twelve we continue to spin most of our extra money as a city with these men on these mega developments that basically give hundreds of millions of dollars to folks at r.t. have so much i mean for one example is our stadium i know a lot of cities are dealing with these the economics of sports stadiums but we have one of our richest residents arthur blank who started home depot walk into the mayor's office and say hey i know no one's asking for it but i'd like to build a new giant stadium to take the place of this perfectly fine stadium and i want you to give me seven hundred million dollars to do it and so there is no public discourse the mayor just

so many investors are looking to this country as a huge source of funds, not just blackstone.45 billion commitment. of money.ot jason kelly, bloomberg's bureau chief. you can listen to him every day on bloomberg businessweek. time for the balance of power newsletter at bloomberg.com/politics. get the latest on global politics in your inbox every single day. british prime minister theresa may has been taking questions from lawmakers in parliament. europes she guarantees will leave the european -- britain will leave the european union by march of next year. this is bloomberg. ♪ mark: i am mark crumpton with first word news. president trump warning a caravan of central american theants headed toward united states constitutes a national emergency. he says the group includes criminals and quote i will middle east owners" although he did not offer any proof. the president announced he will cut off aid to latin american countries not being able to stop the migrants. trump met with emmanuel macron. the president says that russia is breaching an agreement. mr. trump intends to pull the

blackstone set a record last may.audi arabia and has pledged as billion dollars to help the investment firm build the world's largest infrastructure fund. it gets more interesting. investor, thisis $20 billion investment had very, very favorable terms. give us the details. reporter: they got a discount, which i think is expected. pointse paying 75 basis on the first 10 billion dollars and 65 on the second $10 billion. to compare they have 75 basis points and 500 million for two years and that ratchets up quite quickly. vonnie: how does this compare to other massive investments in funds? larger thantimes any other investors going into the fund. the thing that is interesting, beyond a high level discount, there is a revenue sharing agreement. 15% comes off the fee balance. what is closed by these saudi fund. this would have been interesting on its own. now that the u.s. and saudi arabia seem to be conflicted a little bit, how does that change it? and we should point out that they will continue working in saudi arabia. a

last week in san francisco, many did here's john blackstone. >> michelle yoon's photo session is about much more than getting a portrait. it's part of her bid to stay in america. >> i consider myself american. i have american values. >> but to remain here she's getting help to renew her application, photo and all for dhaka. the deferred action for childhood arrivals program initiated by president obama in 2012 but threatened with closure by president trump. >> so far trump administration efforts to end daca have been held up in the courts but uncertainty makes application renewals urgent for many of the 700,000 young people who have benefited from daca. at a san francisco law office 36 attorneys from eight different firms donated time to help daca recipients renew their applications. ashley nelwani of legal services for children helped organize this free legal clinic. >> you are submitting a lot of very important information to the federal government. and if you are an undocumented person in this country, that is taking a huge leap of faith. >> a volunteer at the clinic ashish sudakran

of those have never put a blackstone fund into their client's portfolios.leration. >> joan, one of the things that we looked at when we talk about alternative investments is the suitability of appropriateness for a certain market are you going after retail type and investors and traders out there. what are you looking to do in terms of allocations what are you trying to sell them as to why they should be in these types of products? >> it's a good question. the qualified top purchasers, they've had the most access to alternative products the same funds institutions are buying. but the accredited investors, people who have 500,000 up to $35 million until recently, that i haven't had access so we have been creating the spoke funds for them, taking institutional quality product at institutional pricing and putting it in the hands of advisers and their clients so it's anything from a private reit floating reit, credit product a direct lending product a daily liquidity hedge fund all of these are accessible now to the accredited investor >> are you hiring or part

john blackstone, cbs news, san francisco. >> ninan: up next, a sea change for a famous fish market in toke crow. >> ninan: turkish authorities said today they believe saudi journalist was murdered this weekend inside saudi arabia's consulate in istanbul. he went to the consulate tuesday to get documents for his wedding. he has not been heard from since. he has been living in washington fearing retribution for his criticism of saudi policies. saudi officials denied any involvement in his disappearance. the international police agency yoorp say interol has asked chie authorities for information about its president, meng hongwei. meng's wife said she hasn't heard from him since he traveled to china fromitance. meng is also a vice minister for public safety in china. news reports from hong kong suggest he may have been arrested in a corruption crackdown. it was the end of an era in tokyo today at the tsukiji fish market which closed down. the beloved market has been supplying seafood to tokyo restaurants and stores since 1935. many have been working there for generations, and are not happ

here's john blackstone. >> oh my god! >> reporter: overnight, high surf pounded this beachside community in long beach. residents watched on as the ocean water overtook their boardwalk. >> straight on from the first floor, you could see that the waves were tumbling. >> reporter: homeowner marisol carl fears the water could cause significant flooding. >> it look likes like it will come into our first floor, so without having any type of berms or support. >> are the conditions scary? >> very scary, actually. >> reporter: before the expected large swells arrived, crews used heavy equipment to move tons of sand into place, doubling the defensive sand berm height from four to eight feet. city workers even put up a wooden barrier along the boardwalk, hoping to stop the swells, in case the berm was breached. as a last defense, sandbags were placed at the thresholds of these homes. ron salk is a 50 year resident of the area. he has never seen waves as aggressive as these. >> it was churning, big waves. i would say eight-to-ten fe

and that's huge blackstone just got a twenty billion dollar investment from the kingdom of saudi arabia last year so really if anybody's putting principle before the dollar it seems like companies like this are doing that now the list goes on we can talk about ford master card google all pulling exact out of this conference h.s.b.c. credit suisse standard chartered a b. and p. par about out of europe big banks they're all pulling out then we also have the head of the i.m.f. the head of the world bank as well as the head of the london stock exchange they're not going to be at the conference either in viacom against the c.e.o.'s of this company are not going to be showing up there these are companies that could have made billions of dollars potentially from the saudi government either an investment or even opening or getting into that market in saudi arabia also in europe while one last company that i find notable would be ryan air we all heard about ireland's ryanair which is that discount airline they're not even going to be there so look at the companies it looks like the private secto

the first one up, the saudi blackstone discount.one cut the deal with the saudi's as they placed $20 billion to the infrastructure fund. the consulting firm says it is horrified that is report on social media may have been misused by the saudi government. the saudi summit loses its swagger. after sponsors and big names drop, the conference will look very different. alix: joining us is jason kelly. blackstone landed at $20 billion from sally's. -- from the saudi's. what did they give up? >> they gave up a lot of the fees they would normally get to get this massive commitment. equity fund private is roughly give or take $20 billion. this was one commitment from one investor. wow.it back and think, then you realize that a $40 billion fund would be the biggest of its kind. it is not actually surprising. david: it is a fascinating report. it is kind of like a volume discount. they said we want to cut the fees. >> it is not that surprising. the scope of everything about it is a little bit surprising. we do not usually get a look behind th

john blackstone has that. >> reporter: san francisco's sleek new $2.2 billion bus terminal just six weeksts high profile ribbon cutting is out of commuters. >> it's i think fortunate that the whole thing didn't collapse, below. >> reporter: it's that serious? >> it's a major problem to have a beam like that crack. >> reporte cracks in two 80-foot-long steel beams. structural engineer joe mcveigh is not involved in the project. >> this the point of maximum demand on the beam. >> reporter: the troubled terminal here has an equally troubled neighbor just next door, the millennium tower, now famous as san francisco's leaning tower. the 645-foot-tall luxury condominium project is tilting, about 14 inches to the northwest, and sinking about 18 inches since it opened in 2009. both buildings are on land that was once underwater, part of san francisco bay, but is now being developed with soaring high-rises. for now, the sagging terminal is being held up by huge jacks, closg astredd ush hofrustration. possi o of the building's distinctive features, its five-acre rooftop park spanning three city blo

blackstone continues to attract money.n over $24 billion last quarter, helping it to be profit expectations. income rose to 11 -- rose 11%. blackstone is bucking the private equity fund raising slowdown in hopes to reach half $1 trillion in assets early next year. a slowdown is hurting tm and see. it reported a decline nonprofits in the third quarter. they forecast fourth-quarter revenue below estimates. they are lagging the 9.5 billion average estimate. possible spending but next year to as much as $12 billion. shery: europe's biggest tech companies raising project ends -- projections on the year. sap missed profit forecast. rose 37% in the third quarter as constant currencies. entry forbined software and cloud has been up 12%. i cannot see any signs of deceleration. we have also increased our guidance for the combined cloud and software revenue figure for the full year. what we see is an accelerated revenue missive. our cloud business continues to gain strength will are classic core license and support business is still

john blackstone has the story. >> reporter: the helicopter over a rocky plateau in northern cadoin wwboy, rounding up wild horses, ending their days of running free. >> we are sending 700 als to corrals for adoption, training, try and get them homes where people can use them and ride them. >> reporter: amanda mcadams, supervisor of modoc national forest, says she's received thousands of e-mails objecting to the roundup. >> removing horses from the land is going to make it a better situation for the horse that's remain out there. for these horses part of the reason they're calm standing behind us is they have food and water. they're not having to go searching for it. >> reporter: nearly 4,000 wild horses now live in modoc national forest. >> there's really room for 200 to 400 to exist healthy in balance with the land. >> reporter: the land where the wild horses live is called the devil's garden, a landscape of volcanic rocks where the grass is often overgrazed by horses. how high should this be? >> there are some examples around here where it's probably three or four inches. but there

john blackstone, santa rosa, california. >> that's the c"cbs overnight news" for this thursday.oadcast center in new york city, i'm demarco warner. >>> it's thursday, october 4th, 2018. this is the cbs morning news. today an fbi report on supreme court nominee brett kavanaugh will be delivered to the senate. this as the senate moves toward a vote to confirm him. in south carolina, police officers walk into an ambush leaving one dead and several wounded. the shoot out and standoff. and hundreds of thousands of immigrants are kept from being deported following a judge's

in a high level -- blackstone got a discount, which i think is expected.e first 10 billion and 65 on the second 10 billion. to compared, the teachers funds is paying 75 basis points for two years, and that ratchets up quickly into 90. but what's interesting is beyond the high level discount, there's a revenue sharing agreement. what we're breaking in this story today is that 15% of all the fees other investors pay to blackstone comes off the fee balance. ♪ today signedia more than 25 deals at its flagship investment in riyadh. air, oare on the siemens says they are pulling out of the deal. yesterday the ceo said he wouldn't go to the conference. >> yeah. the conference is still underway, so they are trying to make a showing that it is business as usual. but as the headlines show, it's not business as usual at all. its $20 billion deal is going ahead, it's just the timing. the optics are completely off on this particular occasion, and the ceo -- they signed an agreement with the saudis for the asian companies represented. but what is clear is that the europ

here's john blackstone. >> overnight, high surf pounded this community in long beach. residents watched on as the ocean water overtook their boardwalk. >> straight on you could see the waves were tumbling. >> reporter: the water could cause significant flooding. >> it looked like it's about to come into our first floor. so without any support, very scary. >> referee: before the large swells arrived, crewsed moved sand into place doubling the bedroom height from four to eight feet. city workers put up a wooden barrier hoping to stop the swells in case the bedroom was reached. sand passions with r placed at the thresholds of the homes. et we saw eight to ten feet and wiping away the burm. >> the shrk expected to barrel into mexico. cr continue to fortify the burm until tuesday. john blackstone, krbz, san francisco. >>> the state department is looking into accusations that saudi arabia was involved in the murder of a saudi journalist. he disappeared last week as a columnist for the "washington post" and crate sized the saudi royal family. >> reporter: days after the saudi

overnight to have basically said they are not going to turn up, jp morgan are not going to go, blackstone are not going to go, aol, goober, a whole number of names. —— uber. they are saying that until saudi arabia clarifies what might have happened in turkey, and that is very much a developing story as we speak, a sense that the saudi government has moved in the past four or five hours to say, something might have happened in our embassy, and we are going to maybe talk about that over the coming day or so. then they are not going to go to this conference. it is a big low for the reforming it zeal of the young crown prince mohammad bin salman, who has been trying to attract investment into saudi arabia. at the moment the international community and a lot of international community and a lot of international business is saying, until you sort this out we are not going to come and attend your conference. 50 what going to come and attend your conference. so what we know is happening is that mike nonpayers is imminently arriving in riyadh to discuss with the crown prince exactly what has happe

blackstone walked out which in a way it is is. there so you don't have to break new ground as it was. ok so that's quite positive briefly where are we on the risk of a no deal more likely or less likely. one in the words of the french president it's a mathematical feat so every day we don't have a deal or no deal scenario more likely but quite frankly it all depends on what's going to happen in the u.k. parliament once there is something that's recent may bring some in the current political situation there it's just impossible to predict. that in brussels thank you. now let's take a look at some of the other stories making news around the world german authorities say this man from north was involved in the timing of a major islamic state terror attack in germany in twenty six states plotting to cause a large number of deaths at a music festival a year long undercover security operation foiled it. puts people in russia annexed crimea have been paying tribute to the victims of a school shooting that left at least nineteen people dea

overnight to have basically said they are not going to turn up, jp morgan are not going to go, blackstoneumber of names. —— uber. they are saying that until saudi arabia clarifies what might have happened in turkey, and that is very much a developing story as we speak, a sense that the saudi government has moved in the past four or five hours to say, something might have happened in our embassy, and we are going to maybe talk about that over the coming day or so. then they are not going to go to this conference. it is a big low for the reforming it zeal of the young crown prince mohammad bin salman, who has been trying to attract investment into saudi arabia. at the moment

john blackstone is in the park with the details. >> reporter: he rangers are working to recover the bodies of the couple who fell to the bed -- fell to their death from this dangerous overlook. taft point is a popular destination for taking pictures. more than 14,000 photos from here are posted on instagram. while rangers caution tourists on the dangers accidents are not uncommon. last month a teenager died when he slipped on a waterfall. in june two of rock climbers plunged to their deaths while scaling the mountain. a month earlier a tourist lost his grip and fell. in 2015 the world famous win suit flyer died after leaping from taft point. these two latest deaths have yet to be identified. >>> seafood spot that has been a fixture in berkeley has suddenly closed down. the fish restaurant became a very popular restaurant in the decades after world war ii. don ford shows us the scene they are today. >> it took a lot of people by surprise when a note appeared on the window saying the restaurant is closed. spangler's, after 128 years is closed for good, shut down operations with a note apolog

blackstone reported great numbers.e's a problem, are we going to allow amazon and apple, i'm going to bless it, because this is retail, and this is telecommunications and computer hardware that's like a proctor and gamble, and i'm saying >> hallelujah. >> controversial, though i need to go to carl in mississippi. carl >> caller: big boo-yah, jim, for the magnolia state am i diversified my stocks, bapa, alababa, dupont, bzum and ubs >> let me go to work here. there's going to be a problem here even though there are two different industries, i'm not going to allow, given the current state of the discourse in the world, allow two of chinese companies. so we're going to pull out this and stick with alibaba so let's go over this. due point is a chemical company. regional banks are under pressure ubs and key corps, that is finance, finance we'll sell ubs and sell this, and introduce a health care company, i'm going to pick merck, and we're going to pick a leading industrial, yeah -- no, because people might think dow is a le

the roosevelt team was headquartered at the blackstone hotel. jackson's son in college and later a law student and then a very great accomplished lawyer, was on the path to the family business but could not get a room in the blackstone. so he stayed nearby in the hotel stephens and i will note that that also was a family business. jackson and the law, father and son, the hotel stephens fathers and sons. one of course took a different path. coming to work here as a law clerk in 1947. and then of course, as a justice in his own right, justice stevens in 1975. so what about that campaign? the vice presidential nominee was henry wallace. attorney general robert jackson became a very active campaigner. there are technical, legal arguments about how consistent this was but it is shocking by our standards to see how the ag was on the stump for the reelection of the president. but he was. but, a sixth dimension, i certainly don't mean to suggest this was not here, was the day job of being the ag. doj during these 17+ months, the work of the ag, was war

trading 1.5 times that in calls in blackstone.ically two times the amount of calls versus pots now it's squud the other way a little rough but with we saw a seller of 250 oh november 43 puts for shurps they were selling insurance not buying put insurance what that meant is trader picking a level long to get the stock basically at process 59. with earnings on thursday for blackstone they expect about 40% year over year growth. they are saying if it stopgs after earnings i'm willing to buy down at the $33 level. at least capture a premium here. i love this trade. if you want expose yush to private equity this is the area to get the exposure. and the growth environment we see what low interest rate environment seems a nice play. >> brian thanks. brian joining from us the cme in chicago. for "options action" keck out the full show 5:30 p.m. friday check out shares of ibm sinking. the company's c if fo just said something interesting about blockchain plus a battle between trump and big affirm are pharma and as the white house puts pres

for example, one of the biggest investors on the street, blackstone, has $20 billion from saudi arabia. it's very unlikely, blackstone is not attending the conference anymore, but it's very unlikely that it will hand that money back to saudi. >> the conference, i was asking you a second ago, right around the corner, end of october. and though the administration is still planning on attending, yes? >> as far as we know, yes. but i was on the phone with administration officials all weekend and they are very much playing this, you know, day by day, hour by hour. at the end of the day, treasury secretary steven mnuchin still plans to attend. >> okay. >> but it's always couched as, we'll see what information comes out. administration officials i talked to said they anticipate some information coming out this week that will help them make a call, but we don't know what that information is. >> okay. we'll stand by for that. in the meantime, cristina alesci, thank you very much. the president did offer an alternate theory as to what happened to "the washington post" columnist, jamal khashoggi.

morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. c. and b. c. the financial times the new york times and the los angeles times from san suspended political visits to saudi arabia other e.u. leaders have also voiced concerns john a whole as the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of jamal kershaw g. well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations to that financial investment summit of davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect is fairly light on this matter we have had exchanges with saudi authorities to clarify all this but in the current circumstances we have

john blackstone, groveland, california. >>> coming up on "cbs this morning," the most dangerous volcanoesica, a look at the threats that they pose. >>> plus, in the series issues that matter, we hear from senator mark warner on how the government is working to keep the elections safe from hackers. >>> and former daily show correspondent hasan minhaj tello act. that's the "cbs morning news" for this friday. thanks for watching. i'm anne-marie green, have a great day. >>> we head outside looking at the "salesforce tower" camera keeping an eye on the west side of the city. it's going to be clear and warmer. it's friday, october 26th. i'm kenny choi. >> i'm michelle griego. let's check the traffic and weather. how is everyone doing on this friday morning? >> it's friday. >> "fri-yay"! >> yay! >> favorite day of the week. >> it's going to be the warmest day of the week. so high pressure really strengthening so enjoy the sunshine as we head through the day and love looking at this. our golden gate bridge. you can see the clear skies out there as we start off the day. our temperatures are in the

john blackstone, modoc n nation forest. >>> that's the "overnight news" for this >>> it's wednesday, ocober 31st, 2018. this is the "cbs morning news." birth right threats. president trump claims he can take away the citizenship guarantee with an order. lawmaker debate the legality. >>> more funerals will be held today for the synagogue shooting in pittsburgh. >>> and a woman has reportedly come forward saying she was offered money to make up false claims against robert mueller. good morning from the cbs news headquarters here in new york. good to be with you, i'm anne-marie green. president trump says the hard line immigration policies he's pushing have nothing to do with next week's election. he says he can end the constitution's guarantee of birth right citizenship with an executive order. but some say he's off base and the proposal would be a long-shot legal battle. major garrett has more. >> reporter: a week before the midterm elections, president trump said he could end birth right citizenship with the stroke of his pen. >> you can definitely do it with the act of congress, but

of blackstone which is a big beneficiary of some of the funding politicians of pulled out as well as steve miniature you've got the french and dutch finance ministers and the british trade secretary recently announced withdrawals as well and media partners to that includes c.n.n. c. and b. c. the financial times the new york times the los angeles times eleven the u.s. president continues to face heat from both republican and democrat lawmakers we've got kimberly health at the white house let's talk first of all about these developments and steve. yeah let's start with steve management because you were listing there the very long list of people no longer attending that saudi investment conference and this is really key because we had been spec'd expecting a determination from the treasury secretary and friday it came a day earlier and followed immediately after a meeting between not only the treasury secretary but also the u.s. president and the u.s. secretary of state and you will remember earlier in the week perhaps or let me refresh your memory when steven nation the senshi was def

blackstone was the business doug first invested in, before he got interested in the oil lease.. 100 trucks hauling water to and from oil fracking sites. very profitable. james let it be known that he was backed by a billion dollar trust fund. >> i was like, their guy's a winner. >> a lot of money around. were they making money? >> yes, it sure seemed like it. >> and james was buff, all man. >> it's 20 degrees outside and he'd be wear ago tee shiring a . he wants you to see his guns. he's showing them off. they're perfectly white teeth and tans. they looked like ken and barbie. they didn't fit in at all. >> not a nickname sarah took to, mind you. >> no, i feel like i have somewhat of a brain, i don't want to be called just a barbie. >> you're living in a town of men. >> 92-1. >> all jacked up on testosterone. >> yeah, it was miserable. every day was a plan on how to get out. >> with him? >> yeah, we wanted to leave the oil field, but he just saw so much opportunity and money. he was like one day we'll get there. >> doug carlile liked james and sarah's entrepreneurial style a lot

blackstone, the carlisle group and others have joined forcesn a bids to acquire the aluminum maker arconic. they do face competition from other buyout firms. an activist investor has been pushing arconic to explore a sale. shares were up to $23.40. >>> the paint and coatings company ppg is raising the price of its car paint by an arage of 10%. this to combat a rise in raw materials, freight, dtribution and labor costs but after the bell the company warned that its ird quart results will be impacted by softening demand in china and foreign currency fluctuations. after closing higher it immediately sol off in after hours trading. >>> barnes & noble extended its gains in the margin today following a reported barrons over the weekend that said theo could rise further. shares got a lift on the news at they are entertaining bids from interested buyers. today they rose another 1% to $7.02. >>> walmart is taking on netflix and hulu. they're creating content for its video on demand service called vudu. t purchased vudu eight years ago and it's looking for ways to increase the monthly viewership. sh

morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. c. and b. c. the financial times the new york times and the los angeles times from san suspended political visits to saudi arabia other e.u. leaders have also voiced concerns john a whole as the latest from brussels if there's been concern about a slow response by european nations add up.

arabia and began by helping us oil firms start up their stephen schwartz one chief executive of blackstone isn't going either he said to have been one of the first western finance is to actively court crown prince mohammed bin salman bill ford of the ford motor company has pulled out two he's blaming a shuttling conflict ford was hoping to boost sales after saudi arabian women were allowed to drive media companies including c.n.n. b.c. financial times c.n.n. and the new york times have also withdrawn so have some banks including h.s.b.c. b.n.p. power and so cities in iraq some countries have said they won't be sending trade delegations but it's important to remember this just because key individuals might not be going that doesn't guarantee their organizations or their countries won't be represented u.s. treasury secretary steven minocin and the multinational conglomerate softbank chose to wait before making a decision this conference was a chance for the saudis to resuscitate business confidence which has been slacking off in certain sectors for months some investors may now need a lot of

john blackstone reports they fell from a popular but extremely dangerous place to take pictures. >> allight, once again, taft point. >> reporter: the young couple ventured to the edge of this overlook, more than 3,000 feet above the yosemite valley floor. moments later, photographer jeff hall shot this video of the spot where they fell >> supposedly there's a crime scene up there so i can't shoot from there. >> reporter: taft point has become a popular and impressive photo destination for newlyweds and hikers taking selfies perilously close to the edge. there are more than 14,000 posts from the site on instagram. >> no railing. >> reporter: only a small section of the vista has safety railings. >> oh, my god! >> reporter: while park rangers caution tourists on the dangers, accidents are not uncommon. last month, an israeli teenager visiting the park died at a nearby waterfall when he slipped backwards while taking a selfie. in june, two rock climbers plunged to their deaths while scaling the face of el capitan. and a month earlier, a tourist hiking halfdome, lost his grip from the cable

morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. c.n. b c the financial times the new york times and the los angeles times mean all france are suspended political visits to saudi arabia or other e.u. leaders of also voice concerns john a whole as the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of jamal khashoggi well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations to that financial investment summit of davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect is fairly light on this matter we have had exchanges with saudi authorities to clarify all this but in the current circumstances we

morgan and the blackstone group a u.s. based financial services company and media partners have also with joining telling c.n.n. c.n. b. c. the financial times new york times and the los angeles times well france are suspended political visits to saudi arabia other e.u. leaders of also voiced concerns john a whole as the latest from brussels if there's been concern about a slow response by european nations at a political level to the alleged murder of ramallah kershaw g well that may be changing britain france and benevolence of all announced that they're withdrawing their ministerial level delegations to that financial investments from it all down in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. are extremely serious and worrying we expect to throw light on this matter we have had exchanges with saudi authorities to clarify all this but in the current circumstances we hav

arabia and began by helping us oil firms start up there stephen schwartz one chief executive of blackstone isn't going either he said to have been one of the first western finance is to actively court crown prince mohammed bin salman bill ford of the ford motor company has pulled out two he's blaming a conflict ford was hoping to boost sales to study a arabian woman were allowed to drive. media companies including c n.b.c. financial times c.n.n. and the new york times have also withdrawn so have some banks including h.s.b.c. b.n.p. and so cities in iraq some countries have said they won't be sending trade delegations but it's important to remember this just because key individuals might not be going that doesn't guarantee their organizations or their countries won't be represented the u.s. treasury secretary steven minocin and the multinational conglomerate softbank chose to wait before making a decision this conference was a chance for the saudis to resuscitate the business confidence which has been slacking off in certain sectors for months some investors may now need a lot of persuading

of the big fund funds out there blackstone blackrock the c.e.o. of hoover so there's a bunch of folks that are not going but on u.s. government disappearance of this journalist saying this is all a result of mr. disappearance or timely demise untimely demise rather so the bottom line is yes secretary minutiae and now secretary pump ale secretary of state are going over there now what larry kudlow who is the top economic adviser for the trumpet ministration said yesterday as well you know we haven't decided whether or not the secretary is not going to go but this is about terrorist financing and i'll tell you what i've been to davos it's not about terrorist financing if they have a one session or a panel on it. fine but there's lots of things that talk about terrorist financing and hardly any of it so they're looking for some sort of camouflage over this it will really tell i think where this administration is all we've seen a little bit today if they actually go on this thing and what we saw today and i know you'll be talking about a little bit bu

program which will have an infusion of three hundred fifty million dollars a contribution from blackstone group co-founder steve schwarzman nearly doubles the current resource allocation to mit's computing and a program called mit intelligence quest. and sticking with ai toyota motor corporation is investing in a startup that uses artificial intelligence for robots and they aren't just any robots these can pick up after your children or your spouse or even you i suppose by doing daily tasks such as picking up and placing toys in their proper place loading a dishwasher and even keeping an inventory of household items through a built in camera the robot can see and identify objects and a term and what to do with them in the home it can even locate and bring objects to people robot find my phone and bring it to me wouldn't it be nice. that's all the time we have thanks to all of you and to all the robots out there for joining us you can catch boom bust on youtube dot com slash our team so long for now. you know world is a big part of. us and conspiracy it's time to wake up to dig deeper to h

here's john blackstone. >> reporter: soon after 17-year-old kaylee foster was crowned home coming queensprings, mississippi, she took off her tee aiara and put helmet number 15. in home coming game as place kicker she scored two field goals. but the team needed more. with the game tied in overtime, it all depended on kaylee and >> and then it went in. and it's like -- everyone is like right there, nice group hug. 123450r the ki >> reporter: the kick made her an instant star on social media. she did a tv interview while getting made up for the home coming dance. >> i was going out there to kick an extra point. now here we are. >> reporter: kaylee now a senior has been on the football team three years. but among home coming queens, she's not alone. nike's controversial new ad featuring colin kaepernick includes 18-year-old alicia which wi wilcott from michigan. >> don't settle for home coming queen, do both. >> reporter: nike ad calls the dream crazy. not such >>> some of america's braveest warriors have come back from the battle field only to volunteer for a new mission here at home, sav

jamie dimon signal he no longer plans to attend today the chief executives of black rock and blackstone investment group larry fink and they've been schwartzman followed suit joining over a c.e.o. the executive chairman of ford motor company among the announced pull outs meanwhile and other negative news for the saudis and others the united nations is calling for an end to air strikes in yemen by the saudi led coalition which includes the united states as thirteen million people are facing starvation the u.n. says that is the worst famine in one hundred years the coalition which also includes france and the united kingdom have been part of the civil war in yemen which has already taken the lives of ten thousand people millions more have been displaced. and we now move to talk about markets and are pleased to be joined by danielle shea the director of operations and trader specialist that simpler trading who joins us from new york and john grace the founder and investment of investors advantage corporation who is in our los angeles studio welcome to you both you know i want to start with