like i'm, i've been looking at the blackstone, the largest private equity firm. they have more power than the state. you know, so how are you? yeah, you know, exactly. you're crying when we have some of these edge pounds trying to speak you later in the say, hey, they want to buy it a building. you buy it for you, but we do it because we have money. i missed a lot of me because i your friend, my part. yeah that, that could be expensive. i'm interested to know how the investors are balter funds. the hedge funds, air b and b are reacting to what you're doing in the m. b is when we met or next, you know, we'll, we ludo moments. we had a cbl book. it not so brought up and lay there like it is. the them get is one out of it will that there's some, some groups acting like off into my for years right now a. 2 these big private equity it has taken me some time to ask the question, where are they getting their money from? ah, pension funds have a huge amount of money and they need to grow in order to make sure that the people who pay into the pension fund have something t

thank you. >> thanks. >>> joe of blackstone. >> are you buying what jz is selling. >> blackstone is one of the biggest player in the real estate market. so people will hear me say this and say he's talking his book. he is talking his book but you should listen because quite frankly they're some of the smartest people out there in terms of what blackstone has been doing so he's well versed. in terms of the stocks, you look at sherman williams and coming off 20% and whirlpool off their high time highs from a month or so ago valuations are more reasonable now and with housings it supply-demand fundamentals and they -- >> and i disrespectfully disagree i think he's compared too much to the financial crisis that was housing related. technology companies are expected to cut and if you think that is relative to where the height demand is or the supply in the housing market, those things will come together apt some point and i don't think it will be a great setup here so to me i think we're good to see unemployment start to tick up and i don't think that is good for home values. >> blackstone.

is it blackstone? right. private equity firm? yes, exactly. they want to raise each each carmine the rent up to like $900.00 each. that is by $900.00 by margin. and are you going to be able to pay that? i don't know. i mean, i can definitely say next sheet is, is nowhere. and we have one to go. i don't have a clue. i don't know. right. and do you mind me asking, are you employed to say yeah. and so what percentage of your income would this be 2590 percent? my my the asi glory. yes. 9090 percent. do you consider that affordable for you? let me i think human rights law hasn't caught up and it worries me that i haven't quite yet found the language. how do we describe it in a way that will make sense? resonate and really get at that issue. i'm still looking. i'm looking for that. i feel a little bit desperate about that. so maybe i need to keep talking to the people in the financial field. the 1st titled, sy not i notice when i came here was lisa or a label admitted the opening hours. they show with our tenants that they are willing to, to me from

what does blackstone love? they love opportunities when things are out of favor. they love real estate. they love deploying capital where you you have a lot of consumers looking for yield, they want private eng wiquity. they have the best professionals around it's off 40% of its peak in 2021 so you can take advantage of owning blackstone even if you think the markets are going to be up and down and we're in a bear market because the blackstones are sitting there with great admonition. >> you like the jockeys, you love the horse sarat, thank you ron -- go ahead, ron. >> number one, private equity firms should be selling real estate to individuals because they're holding supply off the market by being renters instead of sellers number two, just with respect to the market overall, usually the bear market you get a momentum low and price low. i talked to my old friend who trained at the knee of a famous technical analyst. in 2008 the market's momentum low occurred in october. the price low occurred in march of 2009. so it might be a script to follow here. >> all right

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so go to your nearest blackstone retailer alala going to blackstone .com and see the fool on the blackstone. hello, i'm mike lindell bedser of mypillow. thanks to your support you've helped make mypillow become one of the fastest growing companies in america over the last twelve years. you held mypillow raise thousands of jobs right here in the usa when i got my fill out i'm asleep almost immediately they sleep at night and i wake up well rested in the morning. that's why i invented mypillow . my patented phil adjustability that individual needs and helps keep your neck supported and aligned. i'm interrupting this commercial to bring you my borgo extravaganza. for example, you get one of my guys a dream bed sheets and you get a second set absolutely free for my six psn by one, get another one absolutely free or get my classic premium mypillow and get another one absolutely free. so call a number on your screen or go to my program and use your promo code to get my buysc one , get one free offers and get deep discounts on all my fellow products. my fellow products. i was trying to my mortgage

an outfit called blackstone, started by the guy his friend introduced him to.unity knocked. one of those opportunities of a lifetime, ordained from 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 po

david: first of all, blackstone and carlyle and other firms basically resent pension funds, which ares, firemen, policemen, so it is not exactly the elites buying it for themselves. they are buying it for pension funds. secondly, the economy is much different than andrew mellon's time, so it is a much bigger economy and it is a global economy. it was not andrew mellon was secretary of treasury. lisa: meanwhile, i do wonder whether you think that davos still has the same relevancy that winsted. david: devil's i think -- davos i think is relevant because people are still coming. when you can go in one place and see the ceos and heads of state of semi-different places, it is a good thing. it is very convenient. if i want to see some of the people here, i would have to spend six months going around in meeting all of these people. now i can meet the medical of days. are we going to solve all the problems in the world? probably not. but i don't see anyone who comes here and says i wish i was somewhere else. people think it is a good chance to meet other people, and because we have been in t

, not kkr i think blackstone has better yield and better management and that is the conclusion of the, is sponsored by td ameritrade. >>> coming up, what did the ceo of ra see coming that most of us missed cramer looks back on gary's warning next. (dad allen) you know when you see a great deal on a phone, and then realize it's not for you? not at verizon. (mom allen) yep, they just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) i thought new phones were for new customers? we got iphone 13s, too. switched to verizon 2 minutes ago. (mom brown) ours were busted and we still got a shiny new one. (boy brown) check it out! (dad allen) so, wait. everybody gets the same great deal? (mom allen) i think that's the point. (vo) now everyone can get a new iphone 13 on us on america's most reliable 5g network. (allen kid) can i have a phone? (vo) for every customer. current, new, everyone. to show the love. i'm dan o'dowd and i approved this message. tesla's full self- driving technology. the washington post reported on "owners of teslas fighting for cont

. >> the hotel's owner, financial conglomerate blackstone, says it was done to show appreciation for everyone's dedication and hard work during the pandemic. >>> still to come, a furry mystery. a couple finds an unexpected guest cuddling in their bed during a thunderstorm. during a thunderstorm. when tired, achy feet make your whole body want to stop, it's dr. scholl's time. our insoles are designed with unique massaging gel waves, for all-day comfort and energy. find your relief in store or online. >>> here's a look at the forecast in some cities around the country. ♪ >>> well americans who receive social security could see bigger checks next year. the senior citizens league predicts an increase of $142 per month because of inflation. that would be the largest cost of living adjustment since 1981. the average check would come out to roughly $1,800 starting in early 2023. >>> the push to go maskless at airports is growing around the world, and google unveils new augmented reality glasses. matt pieper has those stories and more in the "money watch" report. >>> a not so great day on wa

>> justin timberlake says bye-bye bye to his song "catalogue" he sold it to private equity firm blackstonedes about 200 songs including j.t.'s number one hits, "sexy back," can't stop the feeling" and "mirrors." that's your cbs money watch. for more head to cbsmoneywatch.com. at the broadcast center, i'm matt piper. >>> it's 4:49. time for a check of traffic and weather. >> jessica, what's the weather looking like for the weekend? >> everyone is so stoked to get outdoors and the fresh air. it's a calm start to our weekend, temperatures are a little bit below average, all throughout the next couple days. let's take a live look over the city, very calm for us. let's start off with our weather headlines, low clouds and fog trickling its way in from offshore. it's another breezy and cool day. remember yesterday? it's basically a copy of that. as we head into the next couple of days we expect a little more sunshine. the onshore flow will kick up as we head into the afternoon bringing in and soaking in all that mace tour so we'll see more patchy clouds as well as some fog as we head into the aft

you can put black rock and blackstone and citadel and apollo into the bucket. are the four biggest names in investing and they are getting it. they are working on infrastructure and trying to help create institutional frameworks to help their clients. i don't think this asset class is going away. >> your analysts have been asking about the recession probability and how you fare for that. >> i think we will go into a recession. in some ways that will be good for crypto because we will get interest rates, and down again. i am sure we will have crypto adoption from investors. asset classes always get ahead of where the actual building of the company is. they had a decent market cap. you have to keep the story up until you can build product and then generate the revenue. half the process is happening in crypto. reptile needs stability in the non-crypto markets. you will see stability and crypto and fast adoption. >> that was mike. >> talk to us about exacerbating. do you think this alludes to the fact that a bitcoin that stable coin means you will have more pressur

this is the so i have a cycle blackston bitcoin dot com. i establish it in january 2014 because it is your face like mine out there. and i just want to make sure that everyone knew that there's no barrier to entry to this whole space. lot of confusion, lot of misunderstanding how the fund, if you would, about the space and mile thing is i asked them what, what have you to find valued value? honestly is what someone is willing to exchange in order to get something back from the person. that's it. so you could say these will green paper bills that we call money actually has no value currency by, you know, by the definition of the king or the government. it doesn't mean anything. i think for the 1st time, you know, in honestly in history we have a globally, the centralized currency that actually has market determined value because it's what everyone says it will be there's no, there's a set finite amount that comes at every but so often. and is the hardest money out there because you can't printed at will like we did. that's got our inflation

you can put lack rock and blackstone, and citadel, and apollo into the bucket.gest names in investing and they are getting in. they are working on infrastructure to great institutional frameworks to bring their clients and. i do not think this asset class is going away because they had a fit percent selloff. >> your clients have been asking you about the recession possibilities and how you prepare for that, how do you prepare? >> i think we will go into a recession, in some way so be good for crypto, it will get interest rates calm and down again, i'm sure we'll have crypto adoption from investors. we have already seen it from companies. asset classes -- prices always get ahead of the actual building of where a company is. tesla night selling cars and they had a decent arctic cat -- market cap. you have to keep the story up until you build product that generates the revenue. that is the process that is happening in crypto. what crypto needs is stability in the non-crypto markets. at that point you will see stability in crypto and fast adoption. >> that of course

and the blackstone treatise states that a sheriff who substituted a different method of execution than one handed down by a judge could be guilty of a felony. that's a different situation than this one. there it suggests that the judgment included a method of execution that a sheriff decided to change, correct? ms. hansford: that's right. and i think the common law is further complicated by the fact that this would often go to the jurisdiction of the court to impose a sentence in the first place. but -- but, i think that if malloy had come out the other way and had held that the method is an inherent part of the judgment for purposes of federal law, then i think we would have a different situation here. justice sotomayor: thank you, counsel. chief justice roberts: justice breyer, anything further? justice alito? justice kagan? no? okay. thank you, counsel. ms. hansford: thank you. chief justice roberts: mr. petrany. mr. petrany: mr. chief justice, and may it please the court: this case is not about whether petitioner nance can challenge lethal injection under the eighth amendment. he c

for better or worse, i don't own too many of them the stocks i really like -- i bought recently blackstone where i'm a board member i have bought microsoft. i have bought apple and will continue to buy alphabet as well those are the public tech stocks that i believe not only have an attractive current model, but they are leaders in ai and quantum. as you know, sarah -- >> you're very excited about those. >> i am very excited so as i think about five to ten years out, where would i advise the great students, post docs, professors to be looking, it would be in the areas of artificial intelligence and the emergence now of quantum technologies. >> you are also a believer in the metaverse and web 3. >> yes, i am. >> we know from a dinner you attended at cnbc what about meta? you used to be on the board. you didn't mention it in your list of favorite stocks. >> i think meta is going through a change that is quite significant. never, ever bet against mark zuckerberg never, ever bet against elon musk in my opinion with the metaverse, facebook is going to do well, but microsoft all right is doing w

mike blackstone spent 20 years a police department is not the doctor follicle relationships of the black law enforcement alliance. and he joins me now. you know, mark's talking to the state legislature the other night, and she talked about this bill that was signed into law whether garner support by republicans which allows unknown to gain the states. and she's at the police unit opposed it. and i said to her police unions the probably very powerful down there. >> she said oh yeah they're very powerful. this is the only thing they lost on. how do you understand the? >> i think that a similar dynamic exists in many police agencies and entities that exist in the real world. in the general population in the electorate where we have a large number of citizens who are saying as say 80% saying that there needs to be stricter gun laws, in use abused stricter on all of bins. and you'll still have elected officials are supposed to be representative of those, of the electorate. opposing that movement. i think in a lot of police agencies, not all, but a lot of police agencies is the same dynamic. t

we have steve schwartzman from blackstone, daniel enriquez was a goldman sachs employee and his boss on the call. the nba's adam silver, wells fargo's ceo. jim tisch, the head of lowe's hotel and american express will all be on the call. those are some of the bold face names. from what i understand, 100 people and the ceos will want answers. this is what i'm hearing now from people. they're going to make the case, mr. adams, it's about time that you be it up or shut up. here's why. the business community were huge supporters of mayor adams for his run for office. he promised to get crime under control. it's not. people are still getting shoved to the floors in subway trains, people getting shots in the streets. it's getting out of control. mayor adams at the sam time wants all of these banks and companies to bring their work forces back to prepandemic levels. if they're not going to be safe here, they're not going to bring them back. that's the message given to mayor adams. mayor adams, you're running around the country, enjoying the trappings of the office, in beverly hills recently

i interviewed thanked me for wanting to do the book for the exactxa same reason that wilbon and blackstone said it's better if you do it because you are like the fact that even though i can understand what was like to be black i was trying toke wonders -- trying to explain. >> we talk about coaching and where do we stand now? we criticizecr the numbers. we don't do a good enough job of praising when the right thing is done and if you look at the tampa bay buccaneers they have had three black head coaches in their history and they just won the super bowl last year purposelyhr at all the major coordinating positions. he had one in arizona and he said there's not just one there too. it doesn't lead to any wave of hiring. we add the same coaching staff in the semi finals of the nfl playoffs and wein have fraser ad morris and all these coaches and of course eric be enemy. why haven't the people who have shown you can do it increase and created some type of copycat around the lee? >> that's a great point of on the tony dungy made to me. the notion that they are not qualified guys out there is so

why mayor adams is having a meeting i think today with goldman sachs and jamie dimon those from blackstone people are afraid to come to work in new york city and they are legitimately afraid. i will tell you with the mayor should be worried about. he should be worried about the fact not that they don't want him to work but that these businesses will consider moving out of the state, which they should pay >> katie: jesse, tim scott accused president biden of plagiarism by lifting the best parts of his police reform which they filibustered and then adding an divisive rhetoric and tactics that will hurt the police. >> jesse: wouldn't be the first time joe plagiarized something. they don't want to do anything with republicans. they want to campaign on it. i had a brilliant idea which i never do so i have to share it. goldman sachs in these big banks, they are awash with money. they can get rid of bail reform like that. they just shower opening with money, just lobby the hell out of these liberal cities, lobby the hell out of the capital. take everybody out to dinner and pheasant hunting trips.

and potential for rates for returns are positive things we think we put wells in with jpmorgan, blackstone it, it is one of the highest quality banks according to quantitative screenings trades wone times book mid teens dividend growth. it is attractive way to play financials and was the addition that put us overweight. >> we're taking a quick break. more trades ahead. - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, field techs. you can basically tell ziprecruiter who you need, when you need it, and they deliver. - [narrator] ziprecruiter. rated the number one hiring site. try it for free at ziprecruiter.com try it for free at ziprecruiter.com miss allen over there isn't checking lesson plans. she's getting graded on her green investments with merrill. a-plus. still got it. (whistle

but i think a company like brookfield is better positioned i think it's better positioned than blackstonethink the earnings are more stable i think there's a catalyst if they spin off the asset manager so i like it >> pete, what do you say >> i'm going to tip it back to a buy. i thought he did an outstanding job presenting this thing. i thought the opportunities are there still for somebody like a brookfield so i like this pitch he sold me on it >> all right so three buys on the desk. the traders have spoken. it is your turn now. are you buying bryan's fast pitch? head to cnbc fast money on twitter to vote. >>> coming up, because you guys voted buy. shares of american express in the red today. we'll breado wt k wnhais behind this move, next. "fast money's" back in two you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. ♪ ♪ i came, i saw, i conquered. (all): hail, caesar! pssst cae

the primary competitor for us is not blackstone, kkr, tpg, carlisle, brookfield, whoever. it is jp morgan, goldman sachs, b of a, securitization market. i feel that $360 billion, we are just like that. we're just not a massive player yet in the market. we are growing fast. as i've said, this business is going to double over the next five years. even at $750 billion, it is not that in the scheme of the market. the market is immense. i look at one little subsector of it, energy transition, little apollo has put out $20 billion of energy transition financing over the past three years. we will do another $50 billion over the next three years. the need for capital, and most of that financing, senior security, project financing or little bit of a hybrid, it is not for the most part risk. it is not for the most part equity. the capital needs of our country and the world, given the state of change not just in technology , but in commodity usage, or immense. so i think the market will definitely get more crowded. there's no market that persists for very long without increased compe

. >> i like high equity, blackstone, carlisle, kkr. they know how to make money in any market.hey will find opportunities in displacement that's going on in corporate finance. charles: any sense that there's been an overreaction? one of the things i was looking at this weekend, companies that miss are down an average of 5.4% the day they report. which is okay. that is lot. most for many, many years. companies that beat are down, right, a lot? is there a sense that, this is either overreaction mark, or market quickly trying to find equalibrium after such a great run? >> you're seeing true impact on inflation. not just middle american consumer but also on businesses. this is i think the first earnings season in many, many quarters where revenue growth outpaced earnings growth. when is last time that happened? maybe 2018? it has been a while and what that means margins are getting squeezed. you're seeing the next 12 month operating margins roll over. when those roll over, that is whether you see violent selloffs. that is where we're at right now. charles: anyone have a sense where

here are the names david solemn goldman sachs, steve schwartzman blackstone, adam sil ber, the nba, jimeting, via zoom. that's what the we're being told exclusively by the new york city partnership. it's going to be, i would love to be a fly on the wall of this thing. i hope they hold his feet to the fire and i hope they tell -- liz: when is this meeting thursday? charlie: it's a zoom meeting so they aren't all in the same room but i hope they tell him we supported you, which they did, the business community backed up adams and we supported you because you were getting crime under control and it's out of control still. you are almost living up to the, to what bill deblasio gave us. there's not that much material difference right now. you talk a good game. i think they need to tell him before he decides, before he goes out to beverly hills and parties at the new york stock exchange for a fashion show, he's got to get this crime problem under control, because it's not. they are going to, from what i understand, they want police to be patrolling the subway platforms and more of a presence

and justin timberlake can't stop the feeling the pop artist sold his entire music catalog to the blackstoneacked hypnosis songs. the deal reportedly valued at $100 million it follows a wave of big stars who have cashed in on their music, including bruce springsteen, bob dylan, neil young, neil diamond, and shakira. >>> on wall street, the dow up 517. the s&p up 79. the nasdaq up 306. the markets on pace to break a long streak of weekly declines i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news >> the texas school shooter was able to buy two guns and ammo just days apart. no warning bells rang. we talked to the man who wrote the early red flag laws. >>> a teacher inside the school describes what she calls the longest 35 minutes of her life >>> but first, the big money being spent on gun rights and gun control. >> the most powerful gun rights group in the country is the national rifle association it's set to kick off its national convention tomorrow in houston. this year's scheduled speakers include these former president trump, the texas republican governor

is number one, the fact that they are private, means there is a greater focus on companies like blackstonethey pay out their monthly dividend, but also because it is a monthly liquidity and not daily, we think that is important, they're not marked to market, not forced to have the same stringent daily policy as a private reit. liz: let me jump in here, while they are private, they are available on platforms such as schwab. people need to call the financial -- to get this. tds, merrill, they can access this for you, correct? >> that's right. if an investor has a relationship with one of these firms, they can certainly provide the information necessary but it is important to understand too was that these are supposed to be liquid monthly but there is obviously risk if the credit markets are turned upside down. that is not a guarranty. liz: sure. >> you need to understand private equity, real estate, is different than investing in mutual funds and etfs. we think for 10% of the portfolio, it makes nice, nice diversification hedge. liz: greg, it is really tough to manuever with the markets and

with me is roland martin, host and managing editor of hashtag roland martin unfiltered, the ceo of blackstone network. and he has a new book coming out, white fear, how the browning of america's making white folks lose our mind. clint, thank you so much for joining me. and roland, i want to start with you. clint, because there are so many parallels that came to me when we are hearing the unraveling of the story, the fact that he was a young man that purposefully got into his car and drove it to a another city to cause maximum harm to a community of color. he left a manifesto, he wanted to -- he got inspired and radicalized online. all of the seems to check the same box, the same list, as would happened in el paso, tragically, almost two and a half years ago. could you talk about those parallels? and is the radicalization happening at such extreme cases online that it is spilling out in the real life? >> yeah, that's right, maria. if you look at the manifesto, you also look at what's the individual did in buffalo, he pulled strings from many different attacks before him. his manifesto referenc

blackstone c.e.o. said we're going to end up with a real shortage of energy, what happens when you have a shortage of supply? prices go up. when off shortage social security it's going to cost more, it's going to cost a lot more. exactly what we've seen. the blackstone c.e.o. says if you try to raise money to drill holes it's almost impossible to get that mop. they've prevented access. so here are the real reasons this administration came out and in the first day issued an executive order saying they're going to ban new oil and gas production in the united states. we've nearly tripled under this administration, under the biden administration, nearly tripled dependence on russian oil. they've impose through the this house of representatives, passed the bill up to $10,000, a mile a year, pipeline fee. they've increased royalty rates through this house of representatives by up to 50% and the administration unilaterally announced the same thing. mr. speaker, what happens when you impose higher costs. do yo

blackstone considering teaming up with kkr on a joint bid for toshiba.south korea, the president holding a meeting on a budget plan. they are seeking an extra $25 billion for the budget, but that would be without new bond issuance is. we have fourth-quarter earnings reports and the bank of korea holding a non-rate second board meeting later. haidi: disney reporting system rise -- reporting surprise growth in subscribers were earnings and the outlook much more tempered. this is bloomberg. ♪ this is bloomberg. ♪ haidi: let's take a look at some stocks moving in the after hours trade. taking a look at rivian. shares a jumping 13% in the post-market trading. we are coming off some of those highs. they still expect to produce 25,000 vehicles this year despite some pain across the supply chain. they built more than 2500 units in the quarter. also watching beyond meat, they dropped below their 2019 ipo price as sales fell short. down 21%. also citing the high cost of producing new products that bit into profitability. this is first quarter revenue that missed e

i've got an update from blackstone still killing it took in 2 million. >> blackrock killing it. >> blackebble probably killing it >> they're all down a bit. >> pretty lousy open dow down 439 chevron the only dow component in the green this morning. by the way, a quick reminder, you can always get in on the cnbc investing club with jim sign up and find out more at cnbc.com/join the club or the qr code on your screen. a lot of fed speak headed our way. we'll see what headlines are out of the powell and yellen meeting at the white house yields down on the 10-year u three weeks in a row today 2.84. ♪♪ you know real chili never has beans. you know which pizza is eaten with a fork and a knife... and which one is definitely not. you know a cappuccino is for the morning and an espresso is for the afternoon. you know how to answer "sparking or still" in over 12 different languages. you'll try anything that's not currently alive... unless of course it's highly recommended. the delta skymiles® american express card. if you travel, you know. this thing, it's making me get an ice bath again. what do

can't completely dismiss it now when you look at the group it's apollo and ayres and blue owl, and blackstone>> absolutely. but if you dig into the relationship, all of us, we actually don't want what the bank wants so what does the bank want the bank wants the client because we can't sell them equity, and we can't sell them m&a, we can't sell them advice we can't sell them treasury. we don't sell them foreign exchange and everything else the bank still gets that in some ways having us finance something is almost noncompetitive to them last year we financed a massive position for softbank for their vision fund two, for banks who are interest instead doing business with softbank, their arm ipo or some other form of business, they know that apollo is not a competitor for that business ironically for the banking system it's better if something goes to us than one of their competitors. >> a couple of quick final questions here we've got to ask jim cramer about the carvana deal why did you guys step up and agree to purchase almost half of 3.72 of bonds that they were issuing. >> i always say the t

selling his song catalog and a deal value that $100 million fund backed by private equity firm blackstonet the rights to timberlake's song catalog, according to the wall street journal. the agreement does not cover though. future releases from timberlake so young, i mean, he could just do it all over again. old, only 41. he's got 100, and he still can make plenty of music and plenty of more money. so yeah, it's not even good old little thing to invest in. why not? good little arrangements have something like that, but i can't say i have to go to the office every day now, so help make that trip a little bit better. i mean, i like i like justin timberlake. so i'm not mad at it. you know, i can't little jealous, but not mad. mad yeah, exactly. good morning, everyone. let's go out and see what we have now. on the freeway , and you can see at the bay bridge toll plaza. you can see that there's still a little bit of slow traffic here, but it's getting better. i just want to remind you that if you're going to be getting on the road this afternoon, it's going to be very slow. so give, you know. b

according to blackstone, this was for her protection and benefit. now notably, it was the 13th and 14th amendment in which women, not just men, were free from the bondage's of slavery. it is very clear that the 13th and 14th amendment were intended to apply to black women, not just black men, that they should not be subjected to involuntary servitude. now as i conclude, history reveals the cruelties of racism, sexism and white supremacy and forced labor reproduction. it is undeniable history reported by this very congress, and should this supreme dismantle roe v. wade, its decision will be the monitored the -- lead to plus c v person, separate legal discourse of matters of reproductive health rights and justice. thank you. >> i thank all the witnesses for their testimony. we will now proceed under the five minute rule with questions and i will recognize myself for five minutes. for nearly a year, abortion care has effectively been banned in your home state of texas, since sb8 went to effect in september of 2021. a lead draft majority opinion and dob

it's aman how much institutional capital is starting to line up to come into the place blackrock, blackstonerypto efforts. so it's completely intuitive to me that there's a backstop somewhere in crypto. i said earlier in the year i tho thought bitcoin would be 30,000, 50,000 we're edging toward the lower en end of the range that's setup, unfortunately, it's a painful one for most investors. >> 30,000, put your macro trader hat on again for a second. which is to say, and i'm sure you're getting calls like even the last 24 hours, what do i do? what's happening here? p y if you're an investor who cares about where the market may be two or three years from now but no not necessarily in 12 months you may need the cash in three years from now, four years from now, do you look at this and say this is one of the great buying opportunities of all time? or do you say hold onto that cash because the buying opportunity hasn't even shown itself yet in. >> i think you have to scale in, and you've got to pick your asset class. like crypto's been very correlated to the nasdaq that correlation will overtime

microsoft and blackstone, my two principal stocks that i own, come all the way down. not selling, i'm waiting, just hanging on. is that crazy or what? >> not crazy. those are two companies that have access to the capital markets, pristine balance sheets , they're going to endure inflation or not, so sit on those hands of yours, stu. stuart: i shall indeed, thanks for the advice, jason. you're all right, we'll see you again soon, thanks, mr. katz. >> thank you. stuart: bitcoin, down to 32, 800 right now. how much is that off its peak, lauren? lauren: half. i mean, the high was right near 80,000 and now we went below 33,000, and this could spell a new leg lower. what is bitcoin right now? you know it's moving along with the stock market, in fact it sold off more drastically so it's not a hedge against inflation like gold is, and it's not, you know, that meme stock which it felt like back the end of last year when it was disconnected from anything else. so this is a reckoning for cryptocurrencies and how you want to own them. stuart: sure is. i hate to see what happens i

not as volatile as the venture funds or hedge funds >> what about the big funds, blackrock, not blackstonee like who have gotten into private investments over the last several years, as things come down, do you think that that dynamic changes? >> well, they are not doing deals directly they're basically investing other people's deals, and i think they'll probably do that that's a small sliver of what they do. for t roe price, their business is a completely different business it >> finally, you lived through the '70s you were carter guy so you know this do you think this is the 1970s do you think this is 2001? what is this to you having been around the block a couple of times? >> this is not the 1970s the u.s. economy was much more insular there. the labor force was much more different. 25% of the work force was unionized. that's not the case now. i don't think it's the 1970s it's not something that's just transitory as we once thought it was. so i think it's not as serious the 70s in terms of high inflation and high interest rates, but it's something we have to take into account and make s