blackstone has invested in asia since 2016.ys certain creditors have seized upon of land in hong kong used as security for $520 million financial transaction. evergrande told the hong kong stock exchange the potential sale will not affect its operations and debt restructuring. the developers says it is seeking legal advice and is an active discussion with the lenders. paul: as the year of the ox comes to an end let's discuss what we can expect for a hong kong markets in the year of the tiger. someone is forecasting a good year. we are joined by an analyst. what are the key findings from this year's feng shui index? >> thanks for having me here, right? the lack of fire or metal means the hang seng index will experience twists and turns. that will mainly happen in the first quarter. after that the hang seng will return to stable growth and peak over the summer. the hang seng index will gather in speed and finish on a high note into the new year. paul: there are a few sectors as well the index is pointing to a positive year for. c

blackstone is reporting earnings later this week. blackstone is down more than 20% on the year.rivate assets are supposed to be fairly stable. our people wondering if they are not going to be able to get loans? are they worried interest rates will suppress the return of anything they invest in in the near term. these are the big questions looming. how much risk can you take on in that new environment? alix: i am wondering are there going to be crypto guys? talk about an asset that has gotten whipsawed. what is it correlated to at the moment? sonali: crypto guys in miami are standing aside hedge fund managers and private asset folks. you have all of these investors having meetings side-by-side and thinking about cryptocurrency as though it is the next new big alternative asset class. we of volatility like this it gets hard to put institutional money into this. if you are waiting on that retail bid, is the retail bid enough to bring prices higher if you're not getting those institutions to follow it? guy: do think they will be chatting to each other or glued to their bloomberg's t

so i love blackstone, liked it for a while. it got so low but i think will go significantly higher from here. >> will be dan's night i have to say that coming up modern-day david versus goliath, hear from the retail trader who was awarded $30,000 could it be the tip of an iceberg with more pay outs to come and more options aioctn it's sirius xm that trade on the way. "fast money" back in two or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. (doorbell ringing) (bustling office sounds) - [announcer] eggzilaration, when the cheesiest guilty pleasure breakfast sandwich starts your day on just the right note. on time, lowest price, or we'll make it right. (chicka-chicka) grubhub. >>> let's get a check on robinhood tumbling after earnings down 12% after hours. the company front and center in the re

byron wien of blackstone. and, by the way, we are putting up all ten predictions on my facebook page, facebook.com/lizclaman. see you next time, byron, thank you. >> always great to be with you, liz. liz: we've got this breaking news. president joe biden meeting with his covid response team at the white house just moments ago. the president said the omicron outbreak is worrisome but, again, he stressed that having -- that vaccinations are limiting the worst effects. the president calling it a pandemic of the unvaccinated. he's claiming there's, quote, no excuse for the 35 million americans who remain without a covid shot. let's get right to edward lawrence who's joining us live from the white house with the highlights. >> reporter: liz, you said it, the prime minister's pushing vaccines -- the president's pushing vaccines, mask mandates, booster shots. you heard how federal resources are being spread out, how military members are helping hospitals in hot spot areas to deal with the surge in omicron. you also h

seeing a pretty much unchanged session, watching crown results as they get closer to that deal with blackstone. kiwi stocks are up .3%, with lots of analysts projecting further volatility in its currency given that we are seeing some of the central bank divergence coming into play again, u.k. futures in tokyo just turning red, but what seems to be a positive start to trading when it comes to the beginning this morning here in korea. shery: and now of course, we keep watching those inflationary concerns around the world. and here in the u.s., the biggest yearly gain in nearly 40 years seems to all but guarantee a series of rate hikes by the fed. our editor kathleen hays is with us to recap. and really, the transitory cap seems to be completely gone by now. how long are we expecting these pressures to last? kathleen: that's a big question, probably not going to last too long, but the fed doesn't have to get right to that rate hiking plan it's been talking about the last couple of weeks. let's go to our chart. inflation up a 7% year-over-year in 2021. excuse me, that's the headline. the core that

it's telling that blackstone with lower sales and half the revenues is the bigger market cap.ity value of the quality managers >> tpg is timing the ipo with major fund-raising on its part which certainly investors may see as a positive. it will give it potential momentum at it begins life as a public company. >> and the bank earnings begin tomorrow [ bell ringing ] >> there's the opening bet the big board as tbg is celebrating its ipo, the biggest of the year so far a lot of interest today in the banks. he read one take yesterday, mike, those in it are -- we're going to see how much it gets washed out. >> it's a fair assessment. there's been a tremendous number of kind of upside head space people thought it was happening -- they're not starting from a particularly cheap valuation at this point. on their own terms, yeah, compared to the s&p valuations, they're up, but jpmorgan up 1.8 times book value, forward book value, and that's kind of as high as it's gotten. they trade 15 times this earnings, so a lot of things probably have to look good, or the numbers have to really be g

i want to know about blackstone. pays that out. stuart: earlier on the show, dividend guide, he said to buy intel, that the one to go with because over the long-term they will do well with their dividend. this thing is down 6%. lauren: pretty cheap for intel. what happens? it was not a bad quarter but the forecast was. they were disappointed by the ambitious spending plans, what the company had to say about the current quarter. margins will take a hit because of the spending and ac week pc sales, that is the bread and butter, bigger unit, that's why started getting discounted. can they recover? brokerages are coming out and not saying very harsh things but the street is today. stuart: buying up and down gasoline alley, valera is the place i buy gasoline. they said something about air travel. lauren: they provide jet fuel and diesel, the net is up one%, that they see jet fuel demand at 80%, 2019 levels. that includes international too. you see the domestic air market coming back, it is not fully back, internationally

blackstone is putting together $11 billion for its second private equity fund for asia. asset manager said it raised $6.4 million from investors and will need an extra 6.4 million from its global fund . paul: australian dealmakers have shrugged off and are signing deals. let's bring you know reporter. with last year's rally continuing is still likely to top even last year? >> it would be difficult given that lester was the biggest year of all time for m and a targeting. we may seek a close if this month is any indication, and it does have some weight given that usually this is a slow patch. we are just far enough into the year that we can take a step back and have a look at how it is kicking on so far. small numbers given the scale of things and everything we saw last year, but it shows the record will probably not be contained to last year's calendar. shery: what are you watching out for? what are the deals left to do now? >> there are a few public live deals that are sizable that carried over from last year. the main one is blackstone private equities, the gaming compa

miss blackstone, february 16, does that work for you? >> it doesn't, but i'll make it work. >> clerk: thank you very much. appreciate that. >> commissioner honda: thank you. >> clerk: okay. and so do we have a motion, commissioners, on this item? >> vice president lazarus: i'll make a motion since i created the stir. move to continue, is it item 9? >> clerk: yes. >> vice president lazarus: to be heard on february 16. >> clerk: okay. given the late hour. >> vice president lazarus: yes, thank you. >> clerk: all right. so on that motion -- [roll call] >> clerk: okay. thank you very much to the parties. my apologies on this, but we did have a lot of public comment on the first item. thank you very much. have a good evening. you can stay if you want to listen to this case. okay. so we are going back to item number 8, and miss martell, excuse the interruption. you have seven minutes to present your case. >> okay. thank you so much. i'm going to have to pivot from my stated remarks as i see what the focus is. good morning, everyone. i apologize

blackstone reporting results earlier. president and coo john gray. and apple set to report eain 're going to get you up to speed on what you need to know squawk coming right back >>> good morning stock futures swinging from positive and negative over the past few hours futures are moving quickly the dow coming off yet another midday swing this time prompted by fed signals on interest rates. meantime tesla shares volatile after the ev giant reporting fourth quarter earnings. the good news record yearly profits. the bad news, ongoing supply chain issues and we're now about to get our first look at fourth quarter growth new gdp in just a few minutes away as the final hour of "squawk box" begins right now. >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen along with becky quick and andrew "hercules" sorcan >> i'll take what i can get. >> he just want you to call him adonis >> i know what he wants. adonis, tell us the u.s. equity futures. >> honestly

blackstone, i don't know if you caught yesterday, what an amazing quarter.y, real estate investment for underneath casinos, one of the premier retailers of all times and drug companies of all time. what happens, you take a sleepy drug company run by bureaucrats and put a real scientist in there and you can just crush it! that's a memo to everybody who also is in technology who's run by lawyers and accountants guys like me, get scientists get engineers to run these companies. lisa sioux, great engineer, amd. dan from pennsylvania. >> caller: hi, jim this is dan from downing town, pennsylvania i want tofirst thank you your knowledge and guidance -- i can't say i made much money this year i don't know if anybody really has, but i didn't lose a lot of money. i want to know if i'm diversified. my top five holdings are apple, amd, bosh health care, starbucks and morgan stanley so am i diversified? thanks >> did you try -- it's like turn, turn, turn the yard birds of the bird, whatever. to everything there is a season, which is a little more biblical than you reali

i mean, if you looked at a long-term chasrt, five years of blackstone, in the 20s owned it that long the fact goo tpg going public now. perfect storm for these companies, huge asset valley increases. enormous accumulation of asset fees, hold a lot of cash and able to invest that wisely it's been a great ride it was a big waeight. sold some. great for jon and holders, but it was time for us to sell some. >> all rhtig understand down 6% month to date as we're showing viewers on the screen. >>> a quick break. we'll come back and do "final trades" next. ♪ who would've thought printing... could lead to growing trees. ♪ (vo) t-mobile for business wants to make this the best year for your business yet. when you switch and bring your own device, we'll pay off your phone up to $800. you can keep your phone. and keep your number. visit your local t-mobile store today. c'mon caleb, you got this! and if you don't, there are other options! umpire: ball! good eye! good eye! eyes are good for lots of things. like reading! be the best, caleb! statistically impossible, caleb. umpire: strike three, yo

they weren't real losses, just on paper, and all of these companies are eligible blackstone is gigantic still has the dual share class that the committee has historically not loved. same thing with kkr and that leaves carlisle, it's a $20 billion market cap it's a company that's seen massive growth in any metric you want to look at from assets under management to cash flow, revenue, et cetera, and i feel that this has a lot of opportunity because while the three founders own about a third of the shares outstanding, a new ceo who has been with the company for a while, but who is now running the show really has a lot of ground to make up, to scale this business and catch it up with some of the giants i think they can do it i think they're getting paid 2% yield while you wait for that to happen and i think when you think about alternatives and where investor dollars are flowing, it should be yet another good year for the whole sector >> all right it's a really interesting chart to look at certainly, one up as josh talks about it and one down. let's talk more about this broader market that

itself is a larger company than goldman blackstone has $151 billion market value we don't talk act thatompany as often either even though it is such a powerhouse in so many ways. >> carl, if you're getting out of school, both college or graduate school, goldman is still a place you want to work and the partners make a great deal of money. and yet it has become not the butt of jokes, but who are those guys who are those guys we don't really know who they are. they have no personality, carl mo morgan stanley -- look, we're going to make money consistently back -- bank of america, make a lot of money j.p. morgan, we're good at banking, retail, everything. citi good at nothing i'm sorry. citi not as strong as it should be and you get to goldman, goldman, i guess, well, they'll do fine it's amazing this used to have the people multiple. >> to be fair, they're still number one they closed out 2021 number one. >> up 50% -- >> ipos, investment banking. but a third of their staff is young people a lot of engineers it's a turn. >> i question marcus how well it's doing. i question what they're doi

david: jon joined blackstone in 1992 and was the second employee in its real estate division.y to my kids all the time, luck is a core competency. david: but it wasn't all luck. chris: i've had the opportun

blackstone owns 10%. he will be jumping into the race .ped down from the world's largest headphone earlier. morgan stanley is reporting willie going to raise bonuses by more than 20%. rishaad: let's get to markets as we had to this hong kong lunch break. moving to the upside, 10% above the game line. biggest winner would seem to be the philippine market. the nikkei 225 feeling it as further restrictions are likely to be imposed because of the omicron variant outbreak in tokyo. we are seeing that direction for the 3090 your high for the inflation rate, that is affecting sentiment. some stories we have, developers at the center of things, sumac raising billions of dollars, evergrande in talks with onshore bondholders about repayment. 56% down. haslinda: coming up tomorrow, we speak exclusively to a fed governor to get his policy outlook after the high inflation number. keep it here with us. this is bloomberg. ♪ >> from the heart of where innovation, money, and power combine in a silicon valley and beyond, this is "bloomberg technology" with

blackstone has invested in $20 billion worth of deals in asia since 2018.an sachs ceo compensation jumped. the bank disclosed that he will receive 12 going in dollars in cash and the rest in stock awards. that is double his payout from a year earlier when he was asked to return a third of his pay as penalty for the bank's role in a scandal. walgreens is said to have begun the sales process for its boots international drugstore unit. sources tell us bain capital will have teamed up on a bid and are considered early favorites. haslinda: this monday morning, it is looking stable in asian markets after the roller coaster ride all of last year. global stocks gave up about six per 10 -- percent. taking a look at where we are in terms of the asian benchmark philippine come leading the upside. a lot of activism give the torah stocks. the government is lifting the measures may be lifted. take a look at where we are in terms of currencies. we are keeping an eye on the aussie in particular. it is down 30% today. expectations are the rba would signal the end of qa earl

dani: if you want to be the blackstone, they have gone there a while ago, so definitely.t is our region's private equity giant. if you want to feel like a big player, may you have to go public. we did see epb in europe, they are a little smaller than cvc, they have done well and they went puppet -- public. why not join the market? tom: it is not just your regular spat, but it is all about pets. dani: pets do not necessarily make people feel calm. you guys will not know it, but if you guys drive around in the u.s., you go to petsmart for your pets. kkr reportedly is in talks to acquire them through a spac. it is not just something that is pumping off to cool off a bit, but it is also that they have pets exploded during the pandemic. valuations are really high, so they must believe that it can do even better as a public company. francine: i am here for the pets conversation. i also recently got a pet, and when you look at prices, i look into the cheaper one, and you really do not get the best deals. dani: i have to say one of my favorite quotes was the ceo of a pet company

blackstone is joining other firms to take more test.he boeing 737 max is set to return to commercial service in china. a significant milestone for the jet that was grounded worldwide in 2019 after two fatal crashes. china's study jobless rate in the labor market is hard to ignore. an anecdotal report suggests the situation is worse. jobs will be a big consideration when the comet's party has its twice a decade meeting to share. 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. ♪ >> i think the factors are when it peaks so quickly, we expected to be just as significant. south africa was around 30 days. the transmission cycle is more, which makes us more hopeful this will end sooner. jonathan: we are hoping the same thing. that was a doctor from the johns hopkins school of medicine. good morning. tom keene, lisa abramowicz, jon ferro. yields unchanged at 1.7482. ppi data out at 8:30 eastern. delta airlines puttin

blackstone is another interesting one.y have their private equity executives back before most banks started to talk about it. now they are pushing back their return as well to january, as well as pushing the idea that employees need to get booster shots. matt: i get the question often from viewers when we talk about banks requiring vaccines, boosters. what happens if the supreme court decides these mandates are not constitutional? sonali: you have a range. citigroup has been the most aggressive about getting their employees vaccinated, but others will be a little bit squeamish about it. they are not saying that they will necessarily terminate you for not being vaccinated. but they also say that if you are not coming into the office, that will be an issue for you, and your tenure as an employee. there is a lot of subtle language, and it is also not the same across regions. matt: one thing we know is that commodities trading is hot, and that commodities traders are likely to get paid. sonali: this is an incredible scoop. $2.

meantime, blackstone reportedly telling its u.s. staff they need to get covid boosters shops.in office in the sights three times a week blackstone recently pushed back the return to have office from the middle of january to the end of this month as wall street and the rest of new york grapple with covid cases >>> when we come back, congressman josh gottheimer will join us and judd y shelton will join us. we have a story what it means for your taxes next. also, a programing note. you don't want to miss a special crypto fight in america coming at 6:00 p.m. eastern time. unay ted you are watching "squawk box" on cnbc cnbc >> to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade ♪♪ for skin that never holds you back. don't settle for silver. #1 for diabetic dry skin #1 for psoriasis symptom relief and #1 for eczema symptom relief. gold bond. champion your

the deal gives blackstone a portfolio of apartment communities in 13 states. shares of department store chain kohl's are surging from bids from two potential buyers. it is unclear how much the private equity firm is willing to pay. another value offered $9 billion to kohl's. an activist investor is adding to pressure on unilever's ceo. knutsen felts has built up a stake in unilever. -- nelson peltz has built up a stake in unilever. he has a history of putting pressure on companies. 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 ritika gupta. this is bloomberg. ♪ >> i think infections have become somewhat slow after not seeing any pullback to these magnitudes. we are starting to see the market approach oversold territory and we start thinking about buying those dips. jonathan: nadia lavelle of ubs likes this correction and seemingly wants to buy it. from new york city, with tom keene and lisa abramowicz, i'm jonathan ferro. down another one point 3%, session lows

the supply for homes for sale remains tight >>> shares of blackstone jumps on record earnings well above forecast getting a boost from surging capital inflows and gains on the real estate holdings. >>> mastercard rebounding from early losses also gave mixed guidance for the current quarter and said payment volumes have slowed. back to you. >> thank you very much, rahel. apple reports after the bell our next guest reiterating his buy rating, driving by a.r. and vr, projects $121 billion, eps of $1.90 welcome back good to see you again. good to see you, carl. thanks for having me. >> you've gotten incrementally more positive on the names what is it going to take to impress you tonight? >> yes we had the stock for several quarters, but we pulled the trigger on it and upgraded the stock in december, because we felt all the worries surrounding this particular iphone cycle were baked in. people are looking at positions from a cash flow perspective, stability and cash flows, versus a light footprint, having the balance sheet, awful things that are super important that the fed is tightening. so

to booster mandate, the company plans to test workers in the office, on site three times a week blackstonepushed back the return to the office from the t middle of this month to the end as wall street grapples with an up tick in cases senator tommy tuberville is facing questions over his recent stock trades the republican from alabama has bought and sold stocks and options in alibaba since last summer he's a staunch critic of china, made three purchases of shares worth $300,000 in mid 2020 he ordered his financial advisers to sell off a small stake in alibaba after becoming aware it was in his portfolio. the philadelphia fed president said he would support more than three interest rate hikes this year speaking with the financial times he said he currently has three hikes slated as early as march but would be open to more if inflation continues to climb. harker is the latest official to throw rate behind rate increases in many march, dom. >> thank you for that. >>> sticking with the fed and one of this morning's other top stories, the senate banking committee holding a hybrid nomination hea

you see blackstone shares on the year down more than goldman sachs on the year, even with the decline today. what does that tell you? it tells you investors are very worried about the ability of investment firms, the ability of corporations to invest as yields rise. if you take a look at that long-term yield curve, it also shows you just how much it has flattened and just how much people will be worried as banks lend long, borrow short. kailey: the fives-30's spread at the flattest since 2020. ira, the two-year yield north of 1%. you have a 10 year yield trading at 1.83 percent. do these bond market moves look overdone at this point? ira: certainly from a momentum perspective, the two-year yield is certainly oversold a little bit, but at the same time, we are basically pressing in four hikes this year, the first time we have done that in quite a while. it is not a huge surprise that you have two-year yields upwards of 2%, and they will go higher assuming we had continued pricing for the fed continuing to hike next year. on the point of the fives-30's curve, if the fed is going to cont

will be at their performance from last year shares of blackstone doubling, kkr carlyle, airies, eachng more than 70%. apollo technically the laggard but nearly doubling the s&p this year, a different story, alternative asset managers sold off in 2022 over concerns over how a rising interest rate environment will impact their fees how they generate revenue a. higher risk free rate puts rur on the manager of funds to deliver bigger highier premiums to their investors it cot make debate reifnessing more expensive but it could drive down valuations for future assets valuing opportunity sets for buyouts. i heard tpg has been emphasizing their growth and impacting platforms as more insulated from the interest rate environment. we should get final pricing tonight, guides are toward the mird point of the range, that would imply a $1 billion offering and a valuation of above $9 billion. >> it's always fun to see a company like this -- you make a great point about the environment, will it remain hostile to these kinds of names or not leslie picker reportiing. >>> after the break, the problems

blackstone collecting almost $9 billion for its latest credit fund.e will speak to allie set thought -- to ali satvat of kkr. welcome to "bloomberg markets." i wonder if it was a cell the rumor, by the fact situation when it comes. to the market. -- when it comes to the market. guy: the market has already had a big move this year, and we have yet to reverse the downside in the nasdaq. it is still down circuit 2.5% year-to-date. we are obviously not very far into the year, so we have seen a lot of action, and that has come relatively quickly. so i think you are going to get quite a lot of gyration around these markets, but there's an interesting question to be asked around all of this, which is basically if we've got to the point where we are pricing in four hikes, i.e. if inflation is fully priced, what comes next? does the fed get more hawkish? if we have priced in those kinds of moves, what does that mean for the growth-value rotation? does it start to pause as many are starting to suggest? certainly that view coming out of barclays. let's talk abou

take a look at shares of blackstone doubling last year. kkr, carlisle each returning more than 70%. laggard if you cancall it that but still doubling the s&p tpg was seeking a high-dollar valuation and soon after the equity markets declined thanks in part it a pop in yields so, too, went those lucrative alternative asset managers although they recovered a bit and many of them are trading higher today the macro concern are that these business models which haven't really been tested in the public markets in anything but a low interest rate environment and could see headwinds from a shift in monetary policy a higher risk-free rate puts pressure the managers to have bigger exits to deliver a higher premium to their investors and it can make debt refinancing more expensive i'm told by a source that the tpg has been emphasizing a source that may be more insulated from the rising rate environment, scott >> it could test overall for the market after a year in the tried and true name in the business that they're in. >> that's absolutely right and it's interesting timing given that it's the f

if you look at, say, the blackstones of the world or blackrocks of the world, if my thesis plays outin the year you see interest rates actually back off a little bit, those are the names that are going to win and those are the names that have been losing by a lot. you throw in there s&p global, cme group, i think some of those financials can be interesting in the second half of the year when the fed is unable to do what the market is currently pricing in. >> tim, your take on the banks -- or guy, rather. sorry. >> tim, guy. at its zenith, jp morgan was trading close to 2.6 times tangible book. what's happened here, valuations are starting to matter when jp morgan comes out and reports a tangible book of $71, people are doing that math and what's the right valuation if you think it's two times, then you have $142 stock but i don't think you have a stock that was trading north of 170 or so. and i think that's what's going on i will mention quickly, that these insurers came within a whisper today of a 52-week high and sold off late. names that are sensitive to higher rates you'll find t

it has a private blackstone private equity business.don't care about that either swapped out of goldman and swapped into morgan brennan because morgan stanley is easier to understand. it's a wealth business goldman is beloved internally. wall street could care less. goldman has the apple credit card no one can figure out if they are making money on it the 2% yield is paltry and there is no sense that goldman will raise that dividend any time soon this is a good brokerage and advisory firm it gets no respect because people can't figure out why it doesn't could something more growth oriented with the capital. plg. will tell you it has plenty of growth no growth stock sells for less than ten times the earnings. then again maybe i am making a mountain out of a molehill because the perfect is clearly the enemy of the good. if you own the stock and have a fabulous run last year, what's more to ask? if you want to know which of the dow winners is most likely to put on a repeat performance, as i said on halftime today on scottie's show, i prefe

of course yesterday we had buy on wean of -- byron wien of blackstone saying uh-uh, it will be three.onment, regional banks, jordan, which names do you like the best? >> liz, great to be with you. not only let me share what is really important, regional banks are small, so it is hard to trace, but there are etfs. but the message i want to give people even in the best of all worlds, a you know, liz, 1% of companies literally make my screen. so there is value growth and momentum story here and what happened is people got over their skis, started to buy companies with 80, 90, price to sales, forget about earnings, that just doesn't work and so the fed is not there to really bail out the speculators and you know, we're hearing about diamond hands. but when these people are on margin, i think there is some blood in the street coming. liz: okay. when you say that, because you've been in this business a long time, it gets me a little nervous. i'm hoping it is hyperbolic. talk about some names of the regionals. we were showing big financials. why regionals over meganames? >> what i think is g

amy: according to "the vented natural times," in november 2020, blackstone defender defended donald trump'se to the u.s. poll results during emergency meeting of senior business leaders, alarmed by the president's claims election is being stolen. financial times scrubs him as one of trump's most energetic supporters on wall street. peter? >> he funneled tens of nines of dollars into the campaigns of trump, mitch mcconnell, the republican party in general. he saw in trump the ultimate vessel or what davos man cares about, which is tax cuts and he regulation. amy: let's go to the world's richest man who completed a 10 minute sub-orbital flight aboard his blue origin space summer, jeff bezos, who spoke at a news conference after his crew related. >> i want to thank every amazon employee and every amazon customer, because you guys paid for all of this. [laughter] seriously, for every amazon customer out there and every amazon employee, thank you from the bottom of my heart very much. amy: very reveing as jeff bezos thanks them for paying the flight from the unforgettable image of the richest ma

you know, the kkr, the apollos of the world one usual suspect i don't think you'll see there is blackstone jonathan gray has said they won't do a brick and mortar deal, but you know an outlier who might do a brick and mortar deal is amazon they do have that arrangement where you can return your stuff to your amazon purchases to kohl's and we know that amazon has been toying with bricks and mortar, so for them, it wouldn't be that big of a deal. so for those reasons, i'm hanging on to it it's not crazy expensive ooven here >> what does it tell you the shares are below $64 >> it's a terrible tape. it's not a formal bid. and the company hasn't yet said we're up for sale. the next event might be the company trying to say something like, you know, we have a plan, and we think it will work, and we'll build value. but i don't think that will work i have noticed on their website, i don't know if they had a march 7th investor day on there, but it's not on there now. whatever slides in that powerpoint, they have to get rid of those and come up with something else >> got a jump start on the meeting s

lauren: blackstone says the booster. stuart: blackstone, you work there you need the booster. futures suggest a lot of selling of "the opening bell," dow down 260 the nasdaq down over 100. now this. woke, i'm sorry, i read it wrong. word goes work. microsoft is rolling out a new feature that insists on politically correct alternatives to words like mankind, and more, the stock is getting close to $300 a share. the president all but conceding defeat, democrats voting on election bills. role tape. >> president biden: i hope we can get this done but i'm not sure. if we miss the first time we can come back and try it a second time. we miss this time, we missed this time. stuart: senate leader chuck schumer is pushing ahead. he wants a vote next week. i asked tennessee senator marsha blackburn after this. ♪♪ another one bites the dust ♪♪ and another one does ♪♪ another one bites the dust ♪♪ another one bites the dust ♪♪ ♪♪ ♪♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mo

>> blackstone.ut is there another company that is requiring boosted individuals to get tested three times a week. blackstone is doing it. this is how they get their workers back, goldman sachs pushing back the return to work date to february 1st from january 18th so they pushed it back two weeks. i'm viewing the start of february is the new year when omicron is behind us but who knows? would you be tested 3 times a week? >> don't want that. thank you very much. we've got a pot story for you and here it comes. some cannabis compounds could prevent getting covid but this is not about smoking pot, is it? lauren: it would be an oral prevention and treatment that is being considered because a study from oregon state university, the spike proteins of covid 19 to prevent it from entering ourselves and causing infection. they are looking at ways to develop these cannabinoids as they are called into drugs. it is something to consider about learning to live with covid. stuart: the potshots in california have

bruce, do you still own blackstone? you use to talk about it with david barnes.ash. stuart: it has quadrupled. this comes from susan, when stuart is very happy he does the seated varney shimmy. i watch daily hoping he will do his trademark shimmy but it is rare. i'm not going to do it right now. is that the shimmy? susan: very limber. stuart: i would put my back out if i did that. lauren: karaoke too? we can dance. stuart: i have never done that. never been in a karaoke bar. two years. mike asks i was wondering how you feel when guests call you varney instead of stewart. do they believe your first name is varney? i don't care what you call me as long as you spell it right. lauren: i don't think you like being called stu. stuart: bill hammer started that. many years ago he started calling me that and every picked up on it. for 30 years of being stuart i became stu. stay there because this is the friday feedback, friday trivia question. when was antarctica discovered? 1704, 1820, 1781, 1855? ven't a clue. the answer after this. my name is douglas. i'm a writer/dire

the chairman of blackstone's solution tos group joins us now.with you i have been following the vast majority of the 37 it's good to have you bring these to us today. >> it's always great to kick them off on "squawk box" >> well, i did go back and look a year ago you had shome good hits. you thought oil was going to come back strongly and a few other things, very strong u.s. nominal gdp growth inwa i want to get to some this year. do you believe the public says there is a one in three chance of happening that you think are more probable than that? >> right better than 50% chance >> better than 50% in your assessment okay the bond market begins to respond to rising inflation and tapering by the federal reserve. the yield on the treasury rises to 2.75% the fed completes its tapering and raises rates four times in 2022 so you this i the fed has to hustle here? >> i am not in the transitory camp i think inflation is here to stay you may get some correction in commodity prices, all may come down before it goes back up. but i think represents and wage

tpg saw some opportunity in 2021 blackstone doubling last year. carlisle returning more than 70%.laggard here, but still just about doubling the s&p. so tpg set terms last week seeking a 9$9.5 billion valuation. soon after that the equity markets declined thanks in part to a pop in yields so, too, went those lucrative alternative asset managers, though they have recovered in the last few days a little bit the macro concerns surrounding the business model has to do with this idea that they have not yet been tested in the public markets in anything but a low-interest rate environment so they could see headwinds from the shift in monetary policy a higher risk-free rate puts pressure on managers of buyout funds to find bigger exits and deliver premium to investors and it could make debt financing and refinancing more expensive i'm told that tpg has been emphasizing their growth platform and impacting investment portfolio that may be insulated from rising rates. guys >> what do we think? we'll know tonight how it went in terms of pricing? >> that's right. we should know tonight it's a

. >> $133 billion market value, you know >> blackstone is bigger than city >> we'll talk more about the>> we'll get cramer's mad dash, and as futures are off the morning highs. >>> nasdaq has put together back-to-back gains for the first time since september 27th. asia traded well overnight actually some light inflation, but we're still wrestling with the cpi here opening bell in just over five minutes. earn about covid-19, the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire amazing. jerry, you gotta to see this. seen it. trust me, after 15 walks... gets a little old. ugh >> announcer: the opening bell is brought to you by - >>> let's coup you do

schwartzman, the blackstone ceo, he doubled down on his health care investments, he's now vying at buyingp huge numbers of warehouses and leasing them to places like amazon on the e-commerce boom. benioff, who also says the pandemic has been this great unifier for humanity, vulnerable to one biological reality while he's riding it out in his $20 billion oceanfront mansion in san francisco or maybe his oceanfront mansion on the big island of hawaii. i can keep track. this idea we are all united is belied by the fact we have to look at who is delivering packages, bedpans and nursing homes, whose delivering our food. we are clearly seeing inequality in all sorts of ways. some measurable and some in terms the death toll where the people who start out going into the pandemic with the ones who had to make that brutal choice to be protecting their paychecks or their livelihood what the people going into labor and jeff bezos is warehouses. host: how many are there? how many davos men are there in the world? guest: there are seven hundred 45 billionaires in the united states. there's a few thousan

this is one example on the right from the john h chaffee, blackstone valley national heritage corridor in rhode island in massachusetts. this was an effort to create or plant a pollinator garden at a site that you historically was a kitchen garden, but due to continuous flooding of the polluted river there. they didn't feel comfortable planting actual food. so they took it upon them. so say this to be great for a pollinator garden so they come worked with the rhode island. wild plant society and was able carry this project out. and then lastly i'll just note how our feasibility studies initiated if you are interested, they could be done by a local sponsors conducted by so biola organization they pay for it themselves. they maybe get a firm or consultant to help them carry this out. and if that's the case, then the park service can offer technical assistance and interpreting our guidelines for how to do feasibility studies and the criteria that we look at for the feasibility and suitability of an area. the other route is by congress. so congress can pass a law that do a direct the park

schwartzman, the blackstone ceo, he doubled down on his health care investments, he's now vying at buyingp huge numbers of warehouses and leasing them to places like amazon on the e-commerce boom. benioff, who also says the pandemic has been this great unifier for humanity, vulnerable to one biological reality while he's riding it out in his $20 billion oceanfront mansion in san francisco or maybe his oceanfront mansion on the big island of hawaii. i can keep track. this idea we are all united is belied by the fact we have to look at who is delivering packages, bedpans and nursing homes, whose delivering our food. we are clearly seeing inequality in all sorts of ways. some measurable and some in terms the death toll where the people who start out going into the pandemic with the ones who had to make that brutal choice to be protecting their paychecks or their livelihood what the people going into labor and jeff bezos is warehouses. host: how many are there? how many davos men are there in the world? guest: there are seven hundred 45 billionaires in the united states. there's a few thousan

>> i think it says a lot more about the appetite for tpg and the great year they had last year blackstoneng percent in 2021 and pulled back hard a lot of them did. it's more about a new entrant i this sub sector. people like with asset flows in that direction it is not typical of the run of ipos 30-year-old firm the financials are pretty clear. right in front of you in terms of the business as opposed to a younger company coming public with promises and not that much of a proven record. >> talk about fintech stocks all took a big hit today traditional banks set to kick off earnings tomorrow. let's bring in david ellison at hennessey funds. good to see you. >> thank you. >> what is your take on that fintech sell-off that we've seen of late? long overdue a buying opportunity >> i think it's a -- some regulatory issues. i think the firm down big today on the concerns of regulation but the space is tough a while last six or eight months are difficult. people are rotating from the growth they see and see the banks as more traditional banks as a better place to be with rates and potentially lon

trading, boosted by top holding with berkshire hathaway, bank of america -- but today, though, watch blackstonehares are up 7% and they're up 8 o3%ver the past year wow. we're going to take a quick break. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ♪ ♪ ♪ ♪ with a bit more thought we can all do our part to keep plastic out of the ocean. hi i'm joe montana. when you get to be 65, you have little patience for nonsense and inefficiency. you know what works and you become a pro at pretty much everything. that's why when i qualified for medicare, i went with wellcare. with no cost or low monthly premium plans, and no primary care or prescription copays. they're pros at helping you keep more money in your pocket. other benefits include: an over-the-counter allowance for items like toothpaste, cold remedies, and mouthwash. a flex card to pay for extra dental,

it's smaller than blackstone and it's smaller than kkr, both of which are huge winners also over the doesn't have that dual share class. and we know the s&p index committee doesn't like the dual share class. so i think carlyle might be the name they want to add. there's not one private equity firm in the s&p 500. that's a huge oversight considering how large this industry hasgotten i don't think they want to repeat what they did with tesla and let something become a trillion-dollar company before they add it. so, carlyle is as good as it gets in terms of quality the founders only own 30%. there's a lot of ownership, institutional ownership coming into the stock it's a corporation, it's one share class. it's not a weird structure, there's no k1s and they are set up to do really well they've just raised a ton of money, and i think a lot of investors at every level are very interested in alternatives right now. >> but there's the pitch for carlyle to join the s&p, and it's $18 billion to your point, not a tesla. thank you, sir, always good to see you. >> all right talk to you guys soon.