that is the advice from the blackstone president, jonathan gray.conversation with him and his thoughts on the reddit trader frenzy. that's next. this is bloomberg. ♪ >> coming up later today, we will hear from the cofounder of reddit. that will be at 5:00 p.m. in new york on "bloomberg technology." this is bloomberg. ♪ ritika: first word news now. the u.s. economy downshifted in the final three months of the year, gdp rose at 4% in the fourth quarter. the pandemic battered the labor market and limited the willingness of americans to spend. the top u.s. infectious disease doctor, anthony fauci, said wearing two masks at once could make sense given the new strains of the coronavirus. he says is still cautious about seeing his family, despite being vaccinated. he said it is not a free pass to travel and ignore other health measures. the opposition leader in russia will be behind bars for now. a court has rejected his appeal to be released ahead of his february 2 hearing. alexey navalny has been in jail since his return to russia in january. he is bein

is there something in particular about blackstone and what they own that you like?, they are just a great partner to deal with and they have a lot of interesting assets that they have acquired over the last several years or many years. in this particular asset, it was acquired about four years ago by blackstone a different division than pay safe was located in. but a highly scalable company. ubiquitous a real company, really revenue, real ebitda and the utility is what i look for. something, there is a key ingredient in the marketplace that will, that is almost -- can't be disintermediated. that was the theory. i like the company a lot. >> bill, when i have steve schwartzman or jon gray on they will say a do a good job managing their portfolio companies and get the margins up how much is left for improvement if they are right and they are doing such a good job in terms of overseeing the companies? >> well, of course, in the private equity, it puts a lot of leverage on their businesses we are taking the leverage down five to one, down to 3.1 to one. it gives them the

more on the blackstone deal. we had heard earlier reports that we are now hearing that there is a $7.3 billion deal. they are nearing a deal that could be announced on monday. this is a u.s. benefits provider. we are hearing from reuters of a 7.3 billion dollar deal including debt. and it does highlight how much it has become an investment target. it creates a lot of cost savings and benefits for companies. but also, given that we have to did -- but also come it does potentially underline how viable and alternative vehicle is if the -- if blackstone is doing this. tensions escalate as australia responds to google threat to remove it search engine. we have the details of that topic just ahead. this is bloomberg. ♪ haidi: australia says it is inevitable that google and other tech giants will eventually have to pay for, -- content. google has threatened to disable it search engine in australia. let's get the details from our reporter. what do we know? >> good morning. the spat spilled over on friday when google's ma

in just a few moments, we will hear from a blackstone group vice chairman.will talk about his annual 10 surprises list and lots more. then, we will take a look at financials as big bank earnings kick off with jp morgan, wells fargo, and citibank. and we will hear from the head of global macro and asset allocation at kkr discussing the outlook for the economy and market risk. negative tone to the markets again today. while we have seen leadership in places like energy, that is a group that is leading lower for the s&p 500. financials, which are releasing low loss provisions also week on the day as our industrials and many tech names are acting as a drag. there is plenty for markets to be digesting from joe biden's agenda including a stimulus package to the continued path of the covid-19 pandemic hitting second waves and the fear of third waves around the world. what lies ahead in 2021? our guest is a vice chair for blackstone. this is a compilation of top 10 surprises every year. in terms of the one you think is most important, should we assume it is number o

like jp morgan, blackstone, and goldman sachs call for an into the violence.e are just under an hour away from cash equity trading. to trade.rning up one ftse futures quarter of 1%. the nasdaq futures gaining more than 1% this morning. let's have a look at where we are with the asian sessions. an outcry domestically in the united states from both sides of the aisle. back to the return of that joint session of congress to continue counting the electoral votes. after the mob had been cleared. we see amongst all of that violence, the democrats will have control of the congress. -- senate. asian markets doing quite well. decided it was not a day to talk about markets. but still, in terms of the markets that have been moving, it was the blue suite narrative. kong, we see underperformance. the latest trumpa target for potential cut down. matt: we have some breaking economic news from here in germany. which is far better than expected. these are up 6.3%. factory workers are backward looking. but better than had been anticipated. extraordinary scenes in washington. su

an outfit called blackstone, started by the guy his friend introduced him to.om above, according to doug. >> the whole thing kind of fell into his lap. and i think he thought that that was his calling from god, was to move forward in that lease. >> an oil lease, that is. a lease that would give doug and any partners he could bring in the exclusive right to drill for oil on 640 acres of land on the mha indian reservation. the catch was that sort of opportunity doesn't come cheap. so you had to raise some money. >> oh, yeah. the lease was almost $2 million. >> and to raise that doug carlile tapped his friends around washington state, his business partners, even his kids. >> i put $100,000 into it. it wasn't for a return or anything. it was to help him with his dream to fulfill that. >> but the next step to fulfilling doug's dream was even more daunting. finding investors to pay for drilling as many as eight wells on the property. and that price was much steeper. more than $100 million. but the potential payoff was immense. and doug firmly believed god's will a re

but first, blackstone's vibrant and we have seen all the markets from the pandemic to orion on capitolill to renewed big tech and social media backlash. even he has not seen anything like 2020 or the first week of 2021. the investing legends annual surprise prediction is always one of the hottest reads in the marketplace, he is going to give us his top call for the year ahead and one of them involves a major correction in the stock market. he will tell you when he sees that coming, closing bell ringing in 38 minutes. the dow up eight points, very subdued trading minute. statehood we're coming right back. ♪ a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies that help you keep more of what you earn. and with brokerage accounts, you see what you'll pay before you trade. personalized advice. unmatched value. at fidelity, you can have both. ♪ more than this ♪ ♪♪ these days, it's okay to do some things halfway... but taking prescriptions shouldn't be one of them. so cvs works to make them affordable with a proprietary s

and that's why our people internally and our pension fund clients feel good about blackstone when you corporate pac we do not make a corporate donations. so, we didn't have to stop doing that all the donations that were made to presidential campaigns are made individually. in our case, 130 people made donations to the presidential campaign 97% of the employees who did so backed president biden i myself held a couple of fund-raisers as it related to steve steve loves this country he did work with the president on economic and trade issues but when the election was over in november, he said it's over there should be a peaceful transition he said i look forward to working with president-elect biden. and then after the events of january 6th, he was very clear in condemning what happened. so, good facts tend to correlate with good outcomes that's been the case here. >> jon, we appreciate you joining us as always we look forward to the conversation in the future thanks >> thank you, andrew >>> all right. steve liesman has had plenty of time for this breaking economic data so, no excuses, le

it is from blackstone and cascade, the investment firm owned by bill gates.ere is signature aviation says it welcomes this joint bid. it is for five dollars and $.17 per share. that is below what they are currently trading at. actually's them fall in today's session. >> you mentioned this ahead of levelsak about starting and job creation. >> 2000 new positions being filled within 90 million pounds. a facility they are building and the u.k.. the executives have said, this is a sign of how confident we are. bbc, they are no longer accepting orders for people in europe trying to order from the u.k.. their pasthem in earnings, given the move to online shopping. >> barratt developments, a final stock we should watch today. why? numbers,ing strong in updating guidance. the topout 5% higher in and then their previous one. jeffrey says this should be received positively by the markets. they are saying they are reinstating dividends next month. all of those developments, one's shareholders like to see. >> dani burger, thank you very much. we are minutes away from the

blackstone defined it. in british law, there used to be capital misdemeanours.e very serious, but it's all criminal—type behaviour. impeachment is not permitted for moral sins. it's only permitted for criminal—type behaviour. i argued that on the floor of the senate... with respect, whether you think... and i am making the same argument today in the court of public opinion. yeah, you sure are, and it's very interesting but with respect, your views don't really count right because, according to the institutions of the us democratic system, the house of representatives have had the right to judge whether these charges should be upheld, the charge of incitement to insurrection. they voted overwhelmingly to uphold it, so... they... hang on, let me finish the thought. so it goes to the senate. now, you have suggested that it is not legitimate to hold the senate trial after donald trump has left office. but again, i'm no legal scholar, you are, but i look at what legal scholars say, and the preponderance of them are absolutely clear that there can be a trial after don

later this morning, an important conversation with the blackstone vice chairman on the view forward.p 21. this is bloomberg. congress has made it official. joe biden will be the next president of the united states, hours after supporters of president trump stormed the capital. that, an aide to the president posted a message on twitter. he said "even though i disagree with the outcome of the election bear me out, there will be an orderly transition on january 20. -- u.s. consul reports oters breached and storm the capital. to lead to evacuation of mike pence and members of the house and senate. inability to the protect american democracy. calm was restored after the national guard was called out. president trump's relationship with his most loyal subordinates has hit the breaking point. defiedesident mike pence the call to overturn the election. he announced he did not have the power to draw electoral college votes. that prompted the president to tweet that pence didn't have the courage to do what should have been done. president trump's former chief of staff mick mulvaney is quitting

is joining up with blackstone group for the bid for the biggest operator of private jets.y have invested in the largest shareholder. credit suisse is expected to report losses in the fourth quarter, the swiss bank is setting aside another $850 million for residential mortgage-backed securities more than twice the amount -- that is the business flash. alix: coming up, more on jobs, we will look at how the pandemic is laying on that section of the labor market. this is numbered. from london, i am guy johnson, alix steel is a new york, this is bloomberg markets. a new study showing the pfizer vaccine may be able to protect against the new virus variant in the u.k. and south africa. the study is by researchers at the university of texas medical branch, our guest joins us now. vaccinective is this against the new variance? there are many patient -- many mutations that have emerged in the u.k. and south african strains. the mosthosen prominent mutation called the n501y mutation. ,o we made a pair of viruses one with and without those mutations and we tested a panel of 20 serums

and blackstone is working with bill gates on a potential buyout of signature aviation. billionaire is the biggest shareholder, earning about 90%. the deal can value the world's biggest operator of private jet basis on 4.3 billion dollars. signature also said the carlyle group is considering an offer suggesting a potential bidding war. that is your bloomberg business flash. francine? francine: thank you so much. this is a picture from the markets, a lot of the focus on the reflation trade and what you see from congress, and trying to figure out exactly what comes once inauguration day is upon us. stocks are rising as futures are also rising jobs day. bitcoin dropping after topping $40,000. crude oil up a touch. ," moreerg surveillance of that next. ♪ francine: democratic leaders call for president trump to be removed from office for inciting the capitol chaos. the clock ticks. there are 12 days left in his administration. donald trump finally concedes that joe biden will be the next president. meanwhile, there are reports that the president is considering pardoning himse

while the blackstone ceo, a prominent backer of trump, called violence appalling.eing a lot of these statements come out around the world on twitter and definitely from wall street. manus: this goes to the heart of the conversation with the former ambassador to the e.u. where he we've got to consider -- wall street has got to consider what is going on in terms of their support with this president. my word of the day in the midst of all this is insouciance. the markets didn't blink on the back of all this. annmarie: i'm looking at the on the in europe, up .7% s&p 500, nasdaq .9%. they are ignoring the chaos in d.c. manus: absolutely. the dollar is just beginning to change its mind. i will see you on monday. that's it for "bloomberg daybreak: europe." the european market open is up next. this is bloomberg. ♪ ♪ >> good morning. i am live in london. matt: today the markets are watching washington. rise.stocks european stocks pointing to a positive open as well. the cash trade

paul blackstone says u.s. a economy is already in great shape setting up the country for a strong second half. he says he sees nominal growth at 6% and an unemployment rate at 5% this year. >> the risk would be that if not enough people get the vaccine and we cannot return to normal where people feel they have herd immunity. that is the risk. but if we achieve it, i think the economy already is doing better than i would've expected. i think we can have good growth this year starting in the second half. but already, we are about halfway back in terms of employment and three quarters of the way back in terms of income. and household net worth is at an all-time high. the economy is in great shape. all we have to do is feel that we won't get sick if we resume our normal lives. and the vaccines will provide the mechanism for that. >> nearly a million people still filing initial jobless claims into last week. do you really feel we are getting back there labor market wise? and when will we be below five percent again

cascade and blackstone are in advanced talks with signature, which is based in london.lyle group is also considering an offer. credit suisse expects to report a loss in the fourth quarter. the swiss bank is setting aside another $850 million to cover potential settlements related to residential mortgage-backed securities, more than twice the amount credit suisse had suggested last month. that is your business flash, guy. guy: thanks very much, indeed. alix, two words summing up what is happening in banking today. kitchen think. commerzbank -- kitchen sink. commerzbank writing of goodwill. ceos.lative a new you kind of get the feeling they want to go into this year with a cleaner slate. i think that is what we're seeing in both these institutions. alix: this could imply a legacy risk beyond what we know, however, she is talking about the core trends credit suisse is able to print announce, and if investment bank is keeping pace with the 15% growth. so there are still relative positives. you still have incrementally higher yields and the rotation into value. still, but ha

. -- hastes has joined teamed up with blackstone on signature aviation.or the could be worth more than $4 billion. the bank of new zealand is investigating a data security breach which may have put commercially sensitive information at risk. paul allen has the latest. what are we hearing from the rbnz and do we know what data was put at risk? paul: that has not been released, the nature of the information that might have been accessed is still being determined. there was a third party filesharing service illegally accessed, it the bank is not saying when it happened, what systems were accessed or how it took place. the government said it was a malicious attack. the rbnz does a lot of confidential information obviously, it is running a 93 billion-dollar kiwi program as well. program as well. it is working closely with domestic and international cybersecurity experts as well. this comes a few months after the new zealand stock exchange got targeted in a series of cyberattacks as well. denial of service outages on that i cash -- that occasion. who is respons

. >> tucker: you guys are as successful come i don't think as big as blackstone or goldman sachs. their funds, by the way, seriously, where is jeff bezos' fund? sincere question. what the hell? why is this left to you to do? you run a sports site. what is it? >> i have no idea. i'm happy to say elon musk is going to help us, so i think that will go a long way, but i don't know. maybe i don't know about it. i don't know what to do. listen, that's almost come in a weird way, the trauma of what we are doing is just everyday people across every walk of life, reaching out, unsolicited, can i give you $50, $100,000, they just want help. it is the beauty of this country. so much chaos, there's a lot of good. people want to help. >> tucker: that's exactly right, and that is why i was excited to talk to you tonight. kind of people have you been giving money to? >> it is all walks. we literally get all walks of life, small business restaurants, bar owners, dry cleaners, you name it. and not surprisingly, states that have the strictest lockdowns, california, new york, massachusetts, a lot of

ones and remember why the opposite of the problem, companies like any pe company including apollo, blackstoneme it, they manage money for public pension funds, they manage money for teachers and unions and it's those types of businesses that have a real problem with being associated with the firm whose ceo had this close of ties to somebody like epstein. so you could see them pulling money and a lot of people think rowan could force blackout earlier if that'll happen, we should point out josh harris the number two lost data ceo from what i understand is saying he's going to remain at the firm in remains committed to be that the firm in helping mark rowen as the ceo even though he passed over the job, we should point out there's no love lost between josh harris and leon black, that feud continues pre-this is a dysfunctional family and could get more dysfunctional as people pull their money out. i want to make one point the you had harvey pitt on on the stuff that i've been recording out the last couple of days, what they basically do people are buying heavily shorted stocks and causing a massi

now wolf, along with blackstone are among the largest share holders in this company.hat a fascinating story. carl, i was just going to say that whitney wolf was at tinder, left the company, be sued the company and went on to found bumble which is going public, recent valuation in billions of dollars. also this chart is so interesting showing how couples are meeting these days, carl and online has just shot up while meeting with friends has gone down. this is a fascinating one to sort through for a number of reasons. >> yes, $1.7 billion, first moves. if you get a chance to read it, it's worth taking a look at. julia, thank you for that. we're watching snap this morning as well getting an upgreat take that go stock to a buy. target 57. they say revenue growth and profitability underappreciated by the street for 2021 and shares are up almost 2%. we're back in mitea nu (announcer) carvana's had a lot of firsts. 100% online car buying. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your

bl valued properly in terms of their alternative asseting management business they have a mini blackstonevalue at all. >> the stock is hitting a high, that i think you just mentioned. we are still recommending the stock. we think things are starting to come together. we also think this is going to be a really big investment banking quarter, we believe. there is a lot of pent-up demand for certain businesses that were shut down during the early part of the pandemic, and i think that the outlook right now in the pipelines for investment banking is pretty good so the big banks tend to have those businesses and i think that will help support their results. i think there is more room to run here, david. let me give you a couple more numbers. >> real quick. >> real quick. so $22 billion flowed into financial etfs after president trump was elected. 90% of it flowed out by the time president-elect biden was elected. 8 billion has already flowed back from the statistics we track. i think there is going to be more style changes in terms of how these etfs are invested in and i think you are going to

watch the stocks of the biggest investor blackstone group and keep an eye on the biggest rival matchhich is already jumped more than 67% over the last 52 weeks. to the covid vaccine drama. the vaccine rollout. still extraordinarily slow and the national numbers continue to look horrific. but even as we have 400,000, nearly 400,000 u.s. deaths arizona is emerging as the worst and hot hottest hotspot local officials reported 5400 new covid cases this morning in the state. disheartening news for local businesses and of course teams like the arizona coyotes, the national hockey league dropped the puck in 2021 and also season last wednesday, three teams are letting fans in the building the coyotes are one of the three, here and a fox business exclusive we welcome arizona coyotes president and ceo javier gutierrez, how are you taking the new news about arizona and seen a dramatic spike in covid cases customer. >> thank you for having me it's always good to talk to you first and foremost we know this is a pandemic that is affecting all of us, it is a health crisis and economic crisis and we

electoral college votes that will be counted in congress. 200 business people, everybody from pfizer to blackstone to blackrock, big financial names, deutsche bank, one of president trump's biggest lenders before he was president, all these names, you know, i was looking at some -- you have sullivan & cromwell, law firm, they all signed this letter urging congress to accept the biden win. what does that, if anything, say about the market? >> well, i think what it says is that the business leaders are asking congress to accept the certified result of 50 states, something that has been settled by the state legislatures, something that has been litigated in the courts, and i think there is somewhat of a misconception of what congress's role ultimately is, and so tomorrow, the expectation is that those envelopes will be opened, a vote tally will be ultimately decided and joe biden will be declared the victor once again of the 2020 presidential election. liz: all right. we are watching the markets here. dow is up 245. ed mills, maya mcginnis, great to have you weigh in on this. of course, fox business

. >> may i also think mary from blackstone? thank, you mary. i appreciate it.i made a mistake when i realized the books behind me are blackwell companions. [laughs] >> we had another question. what countries if any still have the law of male dominated society? >> i think that many is all i can say. what's interesting is it's not the extreme ones you would imagine, where women can drive and don't exist his people. how it crops up and what we would consider more first world places, someone mentions a comment that in 1971, i was only allowed to have a credit card if my husband signed on as well. i was fully employed at age 21. i collect these stories of cover chair. it's easy to say that it's just sexism. it's just men dominating women. but i think it is important to see this as coverture, and we #sm can outlaw other things. and law matters. i do believe law matters. if coverture had gone, that would not have happened. right? you could still get sexually harassed because there were not sexual harassment laws in 1971, but if we got rid of coverture, so many of thes

i knew i made a mistake, when i saw the books behind me were black, well it's blackstone. >> we have another question, what other country if any, still maintain the law of a male dominated society? >> i think that, you know many. that's all i can say. and i think what is interesting, is not the extreme ones that you might imagine. where women cannot drive, and they have to be excluded by a male. but how royal cut of crops up in more first world places. and there is somebody who is just mentioning a comment, that in 1971, i was only allowed to have a credit card if my husband signed on to. i was fully employed. but that's exactly it. i collect these stories of coverture and when you think about it 1971 was not that far away. and it's easy to say well it's sexism. it's just men dominating women. but i think there it really is important to see this as coverture. we can't outlaw sexism, but we can outlaw other things. and law matters. and so if coverture had gone that would not have happened. so it can still get because they'll get sexually harassed, but if we got coverture you know so m

. >> carrie, the final >> blackstone, and what is bad for the hedge funds is good for private equity. be a blowout. >> you still in jumia, steve >> yes, i love it, and the stock is unbelievable. >> twitter wanted me to ask you. that is why i did. farmer jim >> marathon petroleum and earnings tuesday and we will talk about it then. >> take a deep breath, everybody, and enjoy the weekend. "the exchange" is now. >>> well, it is not the weekend just yet, but hello everybody, and scott is right, take a deep breath. i'm brian sullivan and this is an incredibly busy friday capping off a heavy week of trading and reddit rally rolls on, and a stock of vaccine news can't keep the overall markets higher. has the fiscal share come for robinhood and forced to raise cab tall and too man

blackstone as well as celebrities, including oprah, jay-z, natalie portman all have invested in oatly. in july this company was valued at $2 billion in its latest round. oatly declined to comment on its plans for an ipo but again, melissa, that ipo pipeline remains very full despite last year's record-breaking level of issuan issuance. >> it seems like jay-z and oprah would be a winning ticket. show of hands, traders, i'm curious, do any of you consume oat milk nobody raised their hand. >> if i have to. if i have to so we are not the demographic for oat milk is my point >> who is? >> karen, who is you've got a couple of drinkers in your household. >> my kids are yes, i have oatly in my refrigerator right now i have two kids that are vegetarians. they love oatly. they're talking about this billion dollars they want to raise. i have no idea what valuation that would be. it seems like it could be a beyond meat-like frenzy. >> it's the same drivers i feel like dan would relate to this trade, but it's sort of the same investment thesis as a beyond meat. >> yeah. listen, i do think that aar

catherine: may i also thank mary heen for blackstone. thank you, mary, i appreciate it. i realized i made a mistake when the books behind me are blackwell companions. amelia: another question, what other countries if any still maintain the law of male dominated society? many ine: i think that -- is all i can say. and i think what is interesting is not the extreme ones you would imagine, you know, where women can't drive and they don't exist as people and they have to always be accompanied by a male. but how it kind of props -- crops up in what we'd consider more first world places. somebody just 's mentioning a comment in 1971 i was only allowed to have a credit card if my husband signed on to. i was age 21 but that's exactly -- i collect these stories of coverture -- 1971 is not that far away. and it's easy to just say oh, it's sexism, oh, it's just men dominating women. but i think there's certain -- it's important to see this as coverture and that it can be -- we can't outlaw sexism but outlaw other things. law matters. i actually believe law matters. so if coverture

>> blackstone.quarter this morn and the stock is barely up, and better fees and better assets, and better asset managements, and better management and asset flows and like the story a lot for 2021. >> thank you for that. and joe terranova, your assets on apple, and your trades? >> i agree with stephanie, and people buying the laptops and the tablets and 30% of the annual sales come from the quarter that we are about to hear from, and so i am not concerned about that. natural gas continues to rally, and eqt and cnx is the way i am playing it, and i have a bigger position in that relative to cnx. >> you think that the apple earnings are as important as we are making them out to be for the overall market, joe? >> no, i don't. i think that what is important is where this conversation that you just had with chamath plays out, and if there is further liquidation from the hedge funds. >> good stuff. jon najarian, i have you, i think. >> yes, sir. >> and apple, and you have a big position in apple and maybe

. >> and may i always thank mary heen for blackstone. thank you, mary, i appreciate it.new i made a mistake when i realize the books behind me are blackwell companions. >> so, we had another question. what other countries, if any, still maintain the law of male-dominated society? >> i think that, you know, many is all i can say. and i think what's interesting is not the extreme ones that you would imagine. you know, where women can't drive and they don't exist as people and they always have to be accompanied by male. but how it kind of crops up in what we could consider more first-world places. so, and there's somebody who is just mentioning a comment that in 1971 i was only allowed to have a credit card my husband signed on to. i was fully employed at age at 21. i collect these stories of coverture, 1971 was not that far away. sexism, men dominating women. but i think there's certain, it's important to see this as coverture and that it can be, we can't outlaw sexism but outlaw other things and law matters. i actually do believe law matters. so, if coverture had gone, th

signature said it would pursue blackstone if a proposal came that was worth at some. -- that sum.ook at indiana as well -- india as well. a new record. the kospi valley continue -- rally continues. there in sydney. you cannot actually see it there. just about 1200 points away. . quick look at bitcoin .ryptocurrency is down an 11% decline. backering from a 14% fall earlier. haslinda: a 300% gain for bitcoin. that is it for bloomberg asia. middle east is next. this is bloomberg. ♪ ,> our top stories this morning nancy pelosi confirms a new impeachment push this week over president trump's comments before and after the assault on the u.s. capitol. u.s. futures are lower as investors weigh the political ,ituation, friday's jobs report and wors

finally, we've even done partnerships with private equity like blackstone where they put in money andrn for that they take on risk and those returns that for us are actually better than our m&a. it's pretty good good returns they extend our r&d. jim, there's so many opportunities a company like medtronic has right now. >> yet, you've always been incredibly shareholder friendly, return a huge amount of your capital to your shareholders it has been amazing. it's only because your stock has been so good that dividend isn't 4%, 5% that's because you pay out a lot of money. >> right and we're committed to that double-digit return. we're a dividend aristocrat. for 43 years, i believe. we intend to stay there. even during covid, as a sign to our investors, you know, we raise the dividend in line like the historical standards even during covid. >> one last question, how do you get people to go into a trial when people are afraid to go into a doctor's office or a hospital >> well, look, that has been a bit of a challenge some of our trials during covid-19, you know, some of them stopped. some

. ♪ express yourself ♪ ♪ express yourself ♪ >>> blackstone's byron wein is out with his top surprisesheory to trump tv and a -- with china and somehow just missing the top 10 as a prediction of tesla byron joins us now vice president of blackstone solutions. i don't even want to talk about 2020 the sofs black swannish and out of the rel of anything predicted that let's just forget about it and do this year's i know that joe's -- seydeled up to you and looked like his influence this year because some of these predictions this year are not as surprising as some that you have made in the past a lot of these i think are almost you know how you like to surprise us? they are kind of like what i would think might happen >> well that is encouraging to hear but i don't know that too many people think the market could be down close to 20% in the first half and still close at 4,500. i think that would be pretty much of a surprise most people don't think the 10-year treasury is going to go to a 2% yield. most people don't believe that both the fed and the treasury will embrace monetary theory >>

backed by -- nearing a deal to merge with blackstone's alike solutions.be to alike becoming a publicly listed firm valued at $8 billion. they provide payroll services. it is in 180 eight countries and employs 58,000 people. the terms hope to raise about 5.4 billion u.s. dollars from the sale which may take orders from today and could be the biggest internet ipo since two years ago. this is the main to mr. gravel to tip the owner. deutsche bank is reported to be investigating whether this'll investment banking products that breached eu rules and then colluded to split the profits. the internal inquiry comes after client complaints last year, adding that it -- it originally focused on a desk in spain. deutsche's said to have -- >> it is a risk on monday, investors are waiting to hear from jay powell, the fed meeting this week, any assurance that he will maintain his bond buying program. deutsche bank closing in on hong kong. tencent leading the advance. citi raising its target by 19%. we are also seeing gains from the hong kong index. rising to an all-time

a blank check company is nearing a deal to merge with blackstone's allied solutions.lead to them becoming a publicly listed firm. they provide hr support services such as payroll and health benefits and employs 15,000 people. some stocks we are keeping an eye on ahead of the start of trading. japan and tokyo, watching softbank on news -- toshiba was approved to return to the tokyo stock exchange. shares were demoted to the second tier in 2017. in seoul, bloomberg was the first to report sam's on was considering spending within $10 billion, building its most advanced chipmaker planned in the u.s.. neighbor would be investing in the entertainment agency via share swap. in the broader markets, here is how trading is going early in the session. the asx 200 being led higher biomaterials and consumer staples. energies, a drag on the index. kiwi stocks down a quarter of a percent. no settlement in new zealand. it is wellington anniversary day. the country reporting its first case of coronavirus in two months. pk futures higher. after falling on friday from the 19 90 hi. have

. >>> and this coming from blackstone steve schwartz man. the insurrection that followed the president's remarks is appalling and im shocked and horrified by the attempt to undermine ourconstitution. as i said in november, the outcome of the election is very clear and there must be a peaceful transition of power >>> meantime head of the national association of manufacturers, a group representing 14,000 u.s. companies, calling on vice president mike pence to seriously consider invoking the 25th amendment to remove the president from office. the group ceo saying that the events of wednesday were not the vision of mirk thamerica that manufactures believe in. >>> joining us now to talk about what comes next for our country, let's bring in former u.s. senator judd gregg and also donna edwards. thank you for joining us i'm trying to figure out how we go forward from this as well january 20th looks like everything will go forward i'm hoping i'm hoping that that tweet describes exactly what will happen then what do we do >> i think it is important t

blackstone says the u.s.conomy is already in great shape with vaccinations setting the country up for a strong second half. the vice chairman of private well solutions says he sees nominal growth of 6% and an unemployment rate of 5% this year. >> the risk would be, if not enough people get the vaccine and we cannot return to normal wear people feel they have heard him unity. if we achieve it, i think the economy already is doing better than expected. i think we can have good growth this year. we are already about halfway back in terms of employment and three quarters of the way back in terms of income. net worth is at an all-time high. the economy is in great shape. all we have to do is feel that we will not get sick if we resume our normal lives and get back to work, and the vaccines will provide the mechanism for that. haidi: nearly a million people still filing initial jobless claims to last week. do you really feel like we are adding back there labor market wise. and when will we get below 5% again, parti

and european union continue to fall with the boris johnson government denying the blackstone ambassadorstatus. the u.k. saying the eu is not a physical nationstate however, more than 140 countries around the world do one there -- award there ambassadors and staff all double medic status. india is offering to suspend the agricultural laws to suspend talks with farm groups. the government made the proposal during negotiations. they will try to find a lasting solution to the issue. farmers say the new laws favor big corporations and make family-owned agriculture impossible. global 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 karina mitchell, this is bloomberg. haidi: staying with india, the former secretary says his country is ready to discuss a trade deal with the new u.s. administration, the country's economy has been bashed by covid-19 and has just begun the world's largest vaccine program including its own homegrown shot. india has also begun shipping out vaccines to other countries. >> last yea

steve schwarzman, a trump ally of blackstone, the instant -- this is appalling and an affront to thec values we hold dear. i'm shocked and horrified by this mobs attempt to undermine our constitution. he reiterated the outcome of the election is very clear, and there must be a trees -- a peaceful transition of power. wall street coming out. jamie dimon previously sat on trump's advisory council. i strongly condemn the violence in our nations capital. this is not who we are as a country. we are better than this. among a long list, i will add solomon, goldman sachs ceo says for years, our democracy has built a reservoir of goodwill around the world that brings important benefits for our citizens. we have squandered that goodwill at an alarming pace in today's attack on the u.s. capitol. . their internal affairs, i cannot imagine them commenting about what is happening in the u.s. that at the same time we have u.s.-china tensions. anything yet? stephen: i would not be surprised that there would be a statement coming from the foreign ministry later today. it is not going to be along the

backed by oprah and blackstone it's a trendy esg investing thesis which has helped propel the likes ofeat and tesla. billions for oat milk might sound like a lot, they are banking on investors paying up the ipo will be several months away, but other deals are more imminent the q1 calendar is jam packed with listings for ceos planning on moving them up earlier out of fear that that window might close. a firm set turns for a billion dollar ipo that is set to debut petco, poshmark and playtika also they are funding an acquisition including that from softbank is set to debut within a week guys. >> hey, leslie, oat milk has made its way into our house in the last two weeks what's the bull case. >> mine, too. >> what's the bull case and bear case. >> you hit the bull case karen finer man also said that her kids had stocked their fridge with oat milk, that it plays into the younger demographic. a lot of people are kind of getting on to this trend and have been drinking it more so the bull case fits into, you know, a younger demographic, younger purchasing power for oat milk the esg thesis, th

it's tammy blackstone from at&t. thank you for hearing about our proposed project again. we have been trying to fill this gap in coverage for a long time. you probably received a letter from at&t legal describing the journey but we have been working really hard for two years closely with the planning staff to design a site that is as low impact as possible. there have been redesigns to address neighbor concerns and planning staff recommendations and we know there are tenants still opposed, we hope the commission will understand this site will serve all the residents in the neighborhood and we have revisited every potential building over the last two years and worked to develop a low impact design to meet the coverage and capacity demands of the neighborhood. we respectfully ask for approval. i'm going to turn you over to our project manager and we have others here for projects about network and health concerns. take it away derek. >> thank you planning commission for the time to speak on the site. this site represents an at&t coverage gap and all properties are residentia

my name is tammy blackstone. i'm not a small business owner, but myself, my family, my neighborhood, we all depend on those small, independent restaurants, bars, music venues for socializing, for entertainment, for jobs, for community. this pandemic has affected everybody, but small bars and restaurants have been hurt the most. they've been shutdown, and there's no date for when they'll be reopen. i ask that you support them immediately with funding, and that would be grants not loans. the last thing they need is more debt. you come up with great ideas like the shared spaces, and the jam permits, and those should be allowed to continue when the pandemic is over, and whatever you can do with did i see licenses being deferred, that would be great, too, because we can't let them die. thank you. >> clerk: thank you for your comments. okay. operations, next caller, please. >> hello, can you hear me? >> clerk: welcome. >> hello, hi. my name is tinani. i own a coffee roasters here in soma district, and i've been doing b