blackstone is absolutely incredible.e so much respect and admiration to the team there for their leadership, further incredible support -- for their incredible support and championing us, both as a team and business. it has really been the highlight of my entire career with -- to work with blackstone. it has been a remarkable success story, from a private equity and high-growth tech business standpoint, and are not so many of those. it was a bit of a unique match, but it has been absolutely sensational. they have really given us a wide range of resources and support, ranging from helping us scale our talent to placing our board, to helping us dig deeper into data analytics and really doubling down on privacy and security. coming in and really helping us just really further accelerate the business from every side. i have a great partnership with the folks over there. it has really been a remarkable opportunity. emily: there has been talk about an ipo, six billing dollar to a billion-dollar ipo. does blackstone's involveme

blackstone has been raising coronavirushe offers new opportunities.akeover. the government in rome is looking at how to meet the calls for a buyout. largest u.s. retailer of usable instruments and equipment has filed for bankruptcy after the coronavirus cap people at home and job losses among core customers stable demand. qatar center has 300 stores across the united states and mostly closed amid the pandemic. coming up, we get the latest on the vaccine race. as the hang seng tech index trading, will be hearing from the head of orchids. this is bloomberg. -- the head of markets. this is bloomberg. ♪ - i'm doug hirsch. you may already know that goodrx can help you save up to 80% on your prescriptions. unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues, you can see a doctor online. it's easy. just go to goodrx.com, and with a few clicks, you'll be treated by a licensed medical professional, all from the comfort of your own home. visits are confidential and affordable. need a prescription? your doc

blackstone is following in the footsteps of some of the biggest players in the space.raisingr which $12.5 billion for its next asia fund. there are other big players. also raised large amounts in recent years. all of it is earmarked for investment in the region. according to those people close to the matter, lack stone could increase the size of its to mustek vehicle depending on the level of demand in the coming months. host 2: we continue to talk about asia recovering faster than other regions from the pandemic. how is that creating an opportunity for deal flow? >> there has already been a pickup in asia deal flow and that appears to be part of what we are hearing. the marketing campaign. which is already underway. the buyout firm is betting that asiaers' appetite for will continue to increase as the region experiences faster recovery from the pandemic. cominglready doing well out of the lockdowns. as that accelerates, they see a a lot greater interest because asia stands out from the rest of the world particularly the u.s. right now. the asia deal flow is expected t

on that panel, blackstone stephen schwarzman. let's take a listen.ctually affects a broad majority in most advanced societies. a long period of relative stagnation of incomes, diminishing jobs in the middle, which we are all familiar with the polarization of the job market, and for large countries, particularly outside the metropolitan areas, gradual loss .f hope then you have a problem much lower down. most of the job creation in a range of advanced economies -- some have avoided this like singapore and sweden, but most inthe job creation has been relatively insecure service sector jobs. low skill, low productivity, and more insecure jobs. that is the major new problem we did not have 20 or 30 years ago. coupled with that is the loss of a sense you can move up in the old way, in other words if you start from the bottom you have a chance of a middle-class life. there was a pathway. i think that hope and that set of aspirations is now diminished. with those does things of the same time, they are slow burn problems. the the middle class, and second, th

blackstone is following in the footsteps of kkr. process of raising 12.5 billion for their next asia fund appear. also raised large amounts in recent years, all earmarked for investment and in the region. upthese firms are stepping their activity, invesco is trying to defend its top spot among asia or foreign firms. the $1.2 trillion asset manager aims to boost its chinese clients asset under management to half a billion by 2023. that is up from about 70 billion currently. the three-year target the company admits is not easy. it would be a 40% boost. it is reflective of the increasing competition by u.s. and other firms to have a foothold in the asian management business. thing is, the recovery in this part of the world has been a bit swifter than elsewhere. is that creating a greater opportunity for deal flow ultimately? >> currently there has already been a significant pickup in asia deal flow and that apparently is part of the marketing strategy. sources close to the matters say the marketing for this latest equity fund is alread

the credit unit at blackstone group is going shopping for quantifier power. alternative asset manager is set to buy technology driven credit investing firm dci. the firm oversees about $7.5 billion in assets. the dci purchased will allow blackstone to wade deeper into the world of investment grade bonds. two of wall street's biggest data providers are joining together. s&p global has agreed to buy ihf market for about $39 billion in stock. it is the second biggest deal of the year. the proposed tie up is part of a race for scale. the industry's largest players are trying to capitalize on surging demand for data analytics. bloomberg lp, the parent to bloomberg news, competes with -- market -- with ihs mark with ihs markit and us be global -- and s&p global. guy: data and analytics obviously the lifeblood of the financial sector now, and this is definitely a bet. it is a takeover in theory, but feels almost like a merger. it is a definite bet on bigger is better. i guess there's a bunch of things that could potentially go wrong here. regulatory probably is one

deeperws blackstone to a into the world of investment grade bonds.l news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> within 24 to 40 hours after submitting their eua, we have set everything up so we can quickly review those eua's and hopefully start sending out vaccines within 24 to 48 hours. jonathan: that was the u.s. surgeon general speaking to fox news sunday before we got the news from moderna they are planning to request clearance for the coronavirus vaccine in the u.s. and europe as soon as today. alongside lisa abramowicz, i'm jonathan ferro. bad ofn "the open,"'s socgen -- subadra rajappa of socgen. the focus on what is not happened in this market in november. lisa: the question on whether this is policy or abet on fundamentals not being as strong as people are pressing into the equity market. you cannot miss that. we will be watching. a look at thee vaccine distribution. the moderna news accelerating the timeli

>> caller: my stock is blackstone group i've owned it for about two years. or keep holding on >> no, no, you want to keep that running. blackstone is in a really good situation. my dad was always scared of the marines. he was in the army those guys go in first congratulations on everything you've done to your country. how about tasha in maryland? tasha? >> caller: thank you so much for having me. as a fairly new investor, i've mainly stayed away from retail stocks due to the pandemic and the impact it's had on sales earnings, however, i've been looking into best buy and i read that the company is project pentagon $projecting $50 billion by 2025 by ramping up tech offerings and venturing in the health care arena are you bullish on the best buy stock for the long term? >> i'm glad you put that in. right now i'm recommending costco and walmart i think they're more able to deal with the pandemic longer term, best buy is fantastic. and, remember, the renovation house trade is distinctly best buy because of the great tvs they have. i love going to best buy let's g

and especially peter blackstone very courageous editor.t be able to be here without my husband and without his support, so my husband and without his support, so michael thank you very much for the bottom of my heart. he supported me for 12 years while i wrote this book and always had faith in me, and that lets me know i married the right man. thank you. and to everybody come up to all the readers who just everybody come up to all the readers whojust come everybody come up to all the readers who just come out and let me know that shuggie and agnes touch their lives, i can't believe this. the greatest gift is just being able to connect with you. thank you so much. thank you. congratulations, i know we spoke in front row a couple of weeks ago and you were telling me about how personal this book is. it's a work of fiction but there's autobiographical elements. just tell us autobiographical elements. just tell us something about what it's meant for you to write this book, to express this story. yet. i grew up in glasgow in the 1980s which was

[laughter] >> pauley: john blackstone shares a young photographer's album of the homeless.aith salie watches the rise of the rascally raccoon. plus stories from mow mo rocca, seth doane, and sell kan. on this sunday morning after thanksgiving,november 29, 2020. we'll be back in a moment. ♪ >> pauley: will these new vaccines we're hearing about provide a shot in the arm in the fight against covid? well, that depends. our cover story is from david pogue. >> reporter: well, this is exciting. this says that there are now three coronavirus vaccines with effectiveness 90% to 95%. but what this doesn't say is how they'll be distributed, what they'll cost, or how soon they'll end the pandemic. so i decided to ask some experts: now that we have the vaccine, what next? >> i spent a career of over 35 years in vaccine development, and i can't recall ever seeing a respiratory virus for which a vaccine provided this high a level of efficacy. >> reporter: dr. bill gruber is the head of vaccine development at pfizer. he oversaw the test of the pfizer biontech vaccine on 44,000 volunteers.

uche blackstone has treated thousand of covid patients and has two boys in new york city public schools it safe to send students back to school in new york city? >> i do think right now it is safe. they're going back in smaller cohorts. they're wearing masks, as are the teachers. >> reporter: the struggle stretches across the country. nationwide, more than 40% of students are currently attending schools that are virtual only. >> we're not out on the streets, though. i can say that's better... it's still hard. >> reporter: especially for parents like miss dennis, who didn't want us to use her first name. she and her three children are homeless, living in the apostle shelter in newark, new jersey, with a spotty internet connection, remote learning is nearly impossible. >> they have their moments. sometimes they break down and, you know, it's not ideal. it's not ideal for anyone. it's difficult because to move forward, you have to work. but with remote learning, it's difficult for me to work because i don't have anybody to watch the kids. >> reporter: here in new york city, the they invest

blackstone group is doubling down on asia. seeking to raise $5 billion for its second private equity fund focused on the region. that more than doubled the size of their first asia buyout fund. the largest retailer music instruments and equipment has filed for bankruptcy guitar centers business while he figures out a restructuring plan for its debt. millions inls for new equity financing. to end the court process by the end of the year. billion dollars from global stocks by the end of the year according to jp morgan. the banks as large multi-asset investors may need to rotate money into bonds from stocks after strong equity performance this month. that's her latest bloomberg business flash. -- that's your latest bloomberg business flash. francine: oil rising on optimism over covid-19 vaccine a couple hours ago we heard from astrazeneca. .bout 70% i know you wanted to talk about the pound. if you look at sterling remaining a victim of brexit headlines. options now suggesting a deal is likely done. tom: stay with us. this is blo

blackstone will purchase newly designed convertible shares.yey in announcing a deal worth $186 million. coming up next, local economics and policy editor kathleen hays will be with us with a big asked. kathleen: the timing couldn't be better. i will be joined by atlanta fed president raphael bostic. he will discuss his views on the economy, and the need for more stimulus, and the issue of inequality in the american economy and financial system. what he is doing to change it. president bostic put out a landmark essay where he said ending racism in the u.s. is not just a moral imperative, it is an economic imperative. he has been leading research at the atlanta fed about what needs to be done. that interview is next. this is bloomberg. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nat

the cofounder of the blackstone group says they should be the only group of workers in the u.s.t from paying income tax. he spoke at the bloomberg economy forum. >> it would mark them apart from all other types of employment as a valued class. --will also increase over 120 countries. i'm mark crumpton. this is bloomberg. david: thank you. president-elect biden will come to office having laid out a vigorous policy for clean energy during the campaign. georgia tech distinguished professor elizabeth thewood-randall served as former deputy secretary in the u.s. department of energy. welcome to bloomberg, great to have you. let's start with that plan for green energy that president-elect biden was very assertive on. much of that can he get done without a majority in the senate? as you know, that is up for grabs in georgia. elizabeth: a lot can be done. this is a strategy that will climate, andrgy, security agendas. all americans have a stake in a recovering economy after this pandemic is under control. i would describe four main lines of effort that will be pursued that will be doabl

you may have noticed the new feature if you can do the south bay i spoke with can blackstone how the new information is hoping keep passengers safe. >> we are not only using it for ourselves to know how to best serve our customers, but also to provide the same data that we have directly to the customers through the transit app so they can see the level of crowding in buses. they can plan accordingly if in the unfortunate circumstance robust might be too full, and not able to pick them up. >> reporter: what happens of the bus you're waiting for is too crowded? not to worry, another one is likely on the way. >> we've been using the data find out where those hot spots are and having buses deployed and ready to go in staging areas where they can pick up those extra writers. >> reporter: this new feature is only available for buses. it sends the ridership on the rail system is usually light enough to allow plenty of room for passengers to social distance. >>> speaking of all this technology, a union city lease officer had his camera rolling when he took an unusual request for assistance.

eric >> cyber security company fire eye seem to have jumped 9% after announcing an investment from blackstonet will be done through stock which can be converted to common stock at $15 per share fire eye also announced the acquisition of software, the automatic company. >> guy >> fire eye we have talked about a while in cyberspace. they have pulled back. the levels are the high we saw on august 9 if memory serves i think that's what the high was back in january. i will stand by fire eye i think black stone is on to something. when you talk about some of the smarter people in the room, i think black stone fits that category a company whose market cap is about 3.5 billion, so stay with fire eye >> they are astute investors doubling down. if you lock at everything from retail to payment processing we have seen everything move to digit tal and i think that is the future and i think fire eye is on to something is on to something >>> check out at. umm...what...its...um... earnings call is going on. boss: you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools t

i know blackstone has been involved. jazz musicians survive on copyright.opyright rates in europe are much more artist friendly. does he feel people can get paid into the future? david: we did not quite address that, but we did talk about something important related to ist, which is that jazz something that changes a lot. when you are a jazz musician, you have copyrighted music but lot, you change what was written. it is a music form that evolves. it is not as easy to copyright in some respects. on the other hand, i feel that jazz music is probably not as well-known in all parts of the country as it is in new orleans or chicago or new york. it is incredibly popular outside united states as well. i want to point out he has dealt with racism, as all jazz musicians who are black have done, and even though he is famous, he does talk about the fact he still feels discriminated against, and he felt it growing up in the segregated south. although he is a famous musician, he is not escape the racism people of his race have suffered. tom: goldman sachs went exceptio

separately one of president trump's ardent supporters the ceo of blackstone, stephen schwartzman saident to nbc news, quote, the outcome is very certain today and the country should move on. that grabbed a lot of people's attention because he has been a big supporter of president trump over the years. so yamiche alcindor, as you cover this white house, take us inside the room. there's been reporting that some of president trump's advisers, some of his attorneys, went to him and said, you have to at least allow this gsa ascertainment to take place. you don't have to use the word concede, you don't have to give up the race if you don't want to. you can say i'm going to continue to fight, but the transition process has to now move forward. and he at least allowed for that. >> well, this really became a culmination of republicans in particular who were scared for the democracy, scared for the very foundation of our country and realizing that the president after more than two weeks of processing his projected defeat, something really needed to give here. let's remember that this transition

i spoke with ken blackstone on how the new information will help keep riders safe. >> we are using itor ourselves to know how to best serve customers and also providing the same data that we have directly to the customers in the transit app so they can see the level and can plan accordingly and in the unfortunate circumstance where a bus might be too full and not be able to pick them up. >> what happens if the bus you are waiting for is too crowded? not to worry, another one is likely on the way. >> we have been using data to find out where the hot spots are and having buses deployed and ready to go in kind of staging areas where they can pick up the extra riders when that's the case, when it's too full. >> the new feature is only available for buses since on the rail system rider ship is light enough to allow plenty room for passengers to social distance. >>> it's been a bit of a struggle this morning. if you plan on using bart, a ten minute delay on the antioch line as well as ten minute delay on san francisco line in the antioch direction due to police activity. this is on top of d

the dci purchase will allow blackstone to wade deeper into the world of investment grade bonds.news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. . i'm ritika gupta. this is bloomberg. ♪ ,> in the run-up to christmas andumer spending increases, coming into next year, i think the prospect of the vaccine brings us into what promises to be a pretty strong the 21, at 21,t from -- strong to pick at least from an advertising one,ective -- strong 2020 at least from an advertising perspective. jonathan: monetary policy decision are going out of their way say we won't get in the way for the next year or two, and i think fiscal policy makers arguably need to thing about doing the same. you cannot hang out the prospect of tax rises to come in 2021, 2022, 2023. don't even talk about it. keep the consumer confident without having to think about saving money because they're worried about taxes going up. for me, that is something on the policy side that needs addressing. it has been a failure here in the u.k. f

blackstone group ceo stephen schwarzman says the outcome of the election is certain.dy to help resident elect biden. -- president-elect biden. vladimir putin is one of a few major world leaders who still has not acknowledged joe biden one the u.s. presidential election. putin told russian state television he is ready to work with any american leader once a winner is confirmed and expected -- and accepted by the opposing party. when asked if the move could damage u.s./russia relations, he said "they are already ruined." global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. guy? guy: thank you very much, indeed. after weeks of strict restrictions, european leaders are tried to make the upcoming johnson justris said england stay-at-home order will be lifted on december 2. meanwhile, in united states, over one million travels passed through airport checkpoints on sunday, the most since mid-march. this is people traveled ahead of thanksgiving. are the

this, quote, trump was described as angry about the situation, particularly over comments from blackstone chairman stephen schwarzeman, one of the president's closest allies in the business community, made to axios acknowledging that the election outcome was that very certain and that biden had won and the country should move on. moving on is precisely what the biden administration will seek to do. but the damage done by a president who mainlined disinformation, conspiracy theories and fictional claims of voter fraud to his millions of supporters and still refuses to concede, will be a headwind that the biden white house will have to contend with. the president-elect commencing his official transition is where we start today with some of our favorite reporters and friends. she's been on the transition beat. also joining us, "washington post" white house bureau chief phil rucker is back and david plouffe is here, as well. i want to show everyone what all of these nominees sound like, they spoke today. let's listen. >> america at its best still has a greater ability than any other country o

. >> thank you >> let's bring in byron wean, blackstone vice chair on this day where the dow hits 30,000 the first time byron, here we are you know, a lot of people roll their eyes at these sort of generational markers but you got to take it when you get it i guess i'll just start by asking what do you think it means? >> well, i think what it means is we're going to have now three vaccines the markets are reflecting that optimism >> so you know often when we hit the marks, there's a knee jerk response that it feels topee just because of the number, the change in the handle itself. do you think there is any relevance to that? >> the enthusiasm of investors can run ahead of the earnings of companies. so the question is will companies be able to produce the earnings to justify that price and one aspect you have to think about is interest rates are very low and they're likely to stay low. and that means support, higher prices than we have experienced in the past. >> byron, good morning it's jon fortt really treasure having your ib sight here at this milestone moment do you think the markets

stinging assessment came today from one of the president 'his closest allies and wealthiest donors, blackstoneeo steve schwartzman telling axios the outcome is very certain today in the country should move on. a member of the trump campaign legal team is also moving on after appearing alongside rudy giuliani and jen ellis in a news conference just four days ago. the duo now says sidney powell is practicing law on her own. she is not a member of the trump legal team. she has also not a lawyer for the president in his personal capacity. no further explanation was given and powell argues that she never signed a retainer agreement or sent the president or the campaign a bill for my expenses or fees. but the president did list or as a member of his legal team in a tweet on november 14th. a team former new jersey governor chris christie is now calling a national embarrassment. >> you have a navigation to present the evidence. the evidence has not been presented. >> no tweets or appearances from president trump today but behind the scenes he's continuing to threaten to veto a massive bill to fund the

i spoke with ken blackstone on how this new information will help keep riders safe. >> we are using iturselves to know how to best serve customers and also providing the same data directly to the customer. they can see the level in the bus and they can tie in accordingly in the unfortunate circumstance where a bus might be too full and not able to pick them up. >> reporter: what happens if the bus you are waiting for is too crowded? not to worry, another one is likely on the way. >> we have been using data to find out where the hot spots are and having buses deployed and ready to go in staging areas where they can pick up extra riders when that's the case, when it is full. >> the new feature is only available for buses since on the rail system there is plenty room for passengers to social distance. >>> speaking of public transit, everything is on time. however not the case for bart. i am getting first reports of major delays on richmond lines. this is due to an equipment problem on the tracks. we'll keep a close eye on that. as we look at the roadways this morning, we are dealing with

and importantly from the ceo of blackstone, steve schwarzman, who's perhaps president trump's closest ally in the business community, he went public today with comments saying effectively that biden had won this election and the country needed to move on. all of this has wounded the president that got into an emotional place, but his advisers were able to convince him to go ahead with the beginning of this transition so long as he doesn't concede. and my colleague josh dossy is reporting there's actually an effort in the white house right now to deliver a formal speech to the nation. he would not concede in the speech, but he would use the moment to tout his accomplishments in office and to commit publicly on camera from the lectern to a peaceful transfer of power. that's the conversation under way tonight. >> susan, i'm told at least one fox anchor tonight used television to speak to an audience of one as one does, kind of letting the president know it's over, urging the president to campaign for both candidates in georgia. and let's project a little bit. that's not going to be the s

blackstone ceo stephen shartsman, one of trump's biggest backers also saying it's time to move on. general motors said it'll no longer back trump's emissions plans knowing that, well, trump is on his way out. and with this acknowledgement by the gsa the biden transition can fully begin to actually build the biden administration. you know, from the very beginning of his candidacy in a very crowded democratic primary field the core of joe biden's campaign was basically a promise to restore competence, experience, decency, public service to the highest office in the land. he was explicitly not the candidate of revolutionary change. he was not the candidate of overthrowing the establishment. he was a candidate of experience, lots of experience. i mean, here's a guy who literally spent more than 40 years in washington. as a senator, as a vice president he's been working in politics since he was 29 years old and got elected to the senate. and ultimately that message of competence won the day in both the primary and general election. probably not totally separated from the backdrop of one

from business leaders, including steve schwartzman, the president's closest ally, the chairman of blackstone, closest ally in the business community, as well as those hundred national security officials yesterday who said that delaying the transition any further was a danger to national security and threat to the nation's economic health and would complicate the pandemic response. and so all of that taken together is what persuaded the president to just go along with this procedural step that we saw take place yesterday. >> i speak dog, and i think yours is saying, i'm done with this. but we're not done with it yet, phil. so yesterday -- >> he's jealous that i'm talking with you, chris. >> well, she's going to have to get over it. congressman mike quigley was on this show yesterday or on with me yesterday. he chairs the subcommittee that ov oversees the gsa and told me he was ready to subpoena administrator emily murphy who he had talked to one on one. let me play a little bit of what he told me. >> article 1 powers and we're not going to be afraid to use them. and that is to compel or to ap

in a statement blackstone's co-founder steve schwarzman says the election outcome is now certain and he is ready to help biden rebuild the economy after covid. you are up to date, kelly. that's the news update i'll send it back to you >> all right sue, thank you so much sue herera. >>> ahead the nation's biggest economy is in turmoil. los angeles county is shutting outdoor dining as covid-19 cases spike. residents are fighting back. we've got that story plus $65 billion float into the muni market in october despite some huge budget holes at america's largest cities is the market overlooking big risk especially as the fed pulls back we'll discuss in a couple. stay with us labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, today they're going hybrid with ibm. a hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place. that's why businesses from retail to banking are going with a smarter hybrid cloud using the tools, platform and expertise of ib

. >> and even steve schwartzman, businessman, trump confidantcon ceo of the blackstone group, he came under pressure after initially accepting trump's vow to challenge the election, but today he says the outcome is very certain today and the country should move on. but on this thanksgiving week, the most fitting words, wow, the most fitting words, they always come from trump himself. and this time, they come from the 2018 annual turkey pardon. >> the winner of this vote was decided by a fair and open election conducted on the white house website. this was a fair election. unfortunately, carrots refused to concede and demanded a recount and we're still fighting with carrots. and i will tell you, we have come to a conclusion. carrots, i'm sorry to tell you the result did not change. it's too bad for carrots. >> ah, he always says it best himself, doesn't he? kaitlan collins is "outfront" covering president trump tonight. jessica dean is in washington covering the biden transition. let me start with this breaking news at the moment, recommending to the gsa they move ahead, even though th

in new york, who were the only people who actually take a risk on my book and especially peter blackstoneur support of me for 12 years what i wrote this book. he always had faith in me. that‘s you supported me. that lets me know i married the right man. thank you. and to everybody from all the readers who have just come out and let me know that my book ssl eyes, i cannot believe this. the greatest gift that just eyes, i cannot believe this. the greatest gift thatjust being able to connect with you. thank you so much. thank you. i‘m feeling quite a motion after that. congratulations to douglas stewart. the winner. let‘s have a look at what the weather is. now it‘s time for a look at the weather with sarah keith lucas. good evening. we ended thursday with some beautiful sunsets out there. this one, this was the scene in maidstone in kent, but many areas ended the day with some clear skies, we keep the clear skies in the east, that‘s where we are expecting some frost tonight, whereas further west, the cloud and the rain again are going to be moving in. we already had that cloud moving in acr

blackstone is doubling down on asia.bloomberg it is seeking to waive $5 billion for a second equity private fund. double the size of its first. flows are starting to pick up and investment -- investors are keen on the region as it recovers faster. the study says three quarters of men have been offered a promotion without asking compared to 50% -- 57% of women. they'll fund managers earn on average twice as much as females. that is your bloomberg business flash. coming up on the program, joe biden begins to assemble his cabinet although donald trump has yet to concede. we have details on this developing new story. this is bloomberg. ♪ anna: welcome back to the european market open. 23 minutes into your trading session. thepean equity markets to upside increasingly moving to the upside. u.s. equity market futures also point higher this morning. president-elect joe biden is planning to announce antony blinken as secretary of state, the nation's top diplomat. to -- youcording might joining us now is derek wallbank. he seems

in new york, who were the only people who actually took a risk on my book and especially peter blackstoney, thank you from the bottom of my heart, you supported me for 12 years while i wrote this book. you always had faith in me. that lets me know i married the right man. thank you. and to everybody, all the readers who have just come out and let me know that shuggie and agnes have touched their lives. i cannot believe this. the greatest gift is just being able to connect with you. thank you so much. thank you. breaking news lines. joe biden who was speaking the last few minutes, just said that he is not going to rule out legal action in order to kick—start the transition. something to look out for. pictures here. you'll see the vice president mike pence come out and speaking to the press, no sign as of donald trump, there were questions whether he might appear at this briefing but it is the vice president who was standing behind the podium. doctor anthony fauci is there and we talk to him just yesterday. —— wejust —— we just talked to him yesterday. mike pompeo has become the first us se

willstone -- blackstone purchase convertible shares with proceeds and work for strategic growth. a deal. a cybersecurity investigation company. iconic store macy's pacing -- posting slower online sales growth which is raising questions about prospects for the upcoming christmas holidays. like for like sales fell more than 20% through october. a 53% jump. macy's has operated its curbside pickup service as consumers increasingly stay away from traditional shopping. is the final trading day of the week and a little consolidation on the msci asia-pacific index, which earlier this week hit records. withn mnuchin and the fed the emergency lending facilities weighing on u.s. futures and some key markets in asia. the southeast market having a great session as we had the unexpected move from the central bank. the thing at the thai baht -- we did see the bank of thailand easing capital outflow rules. the taiwan dollar still one of the performers when it comes to a number of these e.m. currencies as well. . little bit of consolidation markets on track for a 1.5% weekly gain. rishaad: contri

take a quick commercial break stay with us >>> several prom independent business leaders pushing, blackstone steven schwarman supporter of the president told axios quote, i'm ready to help president-elect biden and his team as they confront the significant challenges of rebuilding our post-covid economy. i think it was when you lost n cronkite you lost. >> i think we're actually losing the war, mr. president and that was it. >> that was it yeah >> that was the beginning. >> so, i don't know, does schwarzman relate? >> so, who's left? mypillow.com >> he's left i mean, biden's already had some interaction with the business community that it's been publicized a bit i know there's more coming not a surprise here. they just want, i mean, business wants to move on they want certainty. they want to know a peaceful transfer of power here and there is going to be coordination between the two administrations which has yet to take place back to our previous conversation it goes right back to it >> no need, of course, i'm not disparaging. she's done a remarkable job. i'm saying the administration and th

steve schwartzman, the ceo of blackstone could tell him the truth. >> will he listen? him the truth. i mean there's a lot of people that could tell him the truth. is he going to listen to the truth? that i don't know. i think chris is really hammering the right point that he's not used to this, so he's not handling it well. he should capitulate. guys, come on. look at the numbers. the numbers are there. he is losing by more than he beat secretary clinton. that's just facts. and she was a gentle person and conceded. >> and so this is the second part, and as much as it pains me, i think chris is right about his last point. this is the thing. more than just donald trump is what he's saying and what his behavior is having a terrible effect, i think, on the people who support him, on his base, because what they're having to deal with right now, sadly -- and i'm not saying this to be condescending -- is that it's almost like they're -- how do i say this because i really don't want to be insulting. it's as if -- >> he's the wrong messenger for their message. >> it's not even