you bought more blackstone >> listen, blackstone, is an example we jumped out of allstate, bought blackstonee of the highest quality financials we own. it's a previous evaluation, but this is an example where you pay up for quality in addition the company has a 5.5% dividend yield and it's growing at 38% rate. so love blackstone >> so the beauty of this being a committee is that we have the luxury of having people who are on the other side of askagz of some of these moves like jason snipe who owns united health and home depot agree or disagree, jason, with these moves. >> yes, obviously i'm sure is portfolio management, he's operating within his discipline. but when i look at health care and look at unh -- >> but. >> but, correct, i really like unh here when we're thinking about we're talking about cycles in the first block we're late cycle unh has so much momentum yes, it's up 3.5% year to date it's trading about 3.5 times forward. i think with a tight labor market, you know, unh will still benefit from all the tail winds i just mentioned, and it relates to hd, i mean hd had a really strong

first principles there should be a remedy that is blackstone a marbury, second premise,nd constitution recognizes rights against the government itself that is the government officers against the government itself. it should be remedies against the government itself, that was part that they shouldn't cutback it should be expanded, now if the westfall act is cutting off all the remedies and is not providing full remedies, there's a problem there and thus the's constitutional argument. they had three tributaries and one has dried up but the other two are robust i commend all of you, justice harlan concur and they said i change my mind on this. when injustice says thaton especially most thoughtful as harlan we should pay attention we have action for some truth because it doesn't partake it's a statue that dried up, the argument with the constitution dried out you can have direct action against government itself under ex parte young because it's initiating prosecution you can have an injunctive relief under the constitution for damages and that's robust although the spa act, the other went

blackstone in particular. there are 30 markets where they paused their buying.eing the institutional buyers back up, the market back up. that's a signal. liz: david kudla. thanks so much. the major averages up today, and they are up for the week. so they snapped the three-week long losing stream. we are so grateful every day you join us on the "claman countdown." "kudlow" is next. larry: welcome to "kudlow." i'm larry kudlow. there they go again. joe biden and company on the campaign trail telling us how wonderful their economic policy is. wait a minute scrap the word wonderful, fabulously successful economic policy. biden opennics

let's turn to blackstone this is kind of a private equity hit today.r years to work out a deal with new york state where that company essentially would get power from canada, transmit the power through lines that are in the hudson river, deliver it to new york city. liz: wow. >> they got the approvals over the summer. what has not been known we're breaking right now, is that blackstone has finished the financing for this thing. it has not been announced. i've seen the term sheet so it's bouncing around. they basically will put a billion dollars into this project, again a project to take renewable, hydropower from canada to new york, to the city. they're putting a billion in. they're getting five billion dollars in bank finances, usual suspects, cibc, they're in there, it's a syndicate. they're planning to, this will be one of the largest of its kind, this renewable -- you don't hear much about private equity getting involved in this is long time coming a lot of environmentals pushing up against this, going into the hudson river, i guess they're afraid

first principles for every right there should be a remedy such as blackstone in marbury.the constitution recognizes rights against the government itself. they should have remedies against the government itself and that was part of the driving force of the evidence to be cut back and expanded so now if the westfall act caps off all of the remedies not providing full remedies of self and there is a problem there. that's the constitutional argument now bivins itself has three tributaries one has dried up but the other two remained quite robust and we commend all of you said justice contrarian opinion this is a change my mind on this. we should pay attention with those three tributaries number one why not for the constitution that doesn't partake that will always tell you who can set for what and how. so that was with the other two to have that direct process of action into the government itself even if there is no common law tort to initiate prosecution so you can have injunctive relief why not for damages that is still robust although that controversy complicates that a lit

and he told me in 1960 on election night his father the former congressman ran the suites in the blackstone hotel filled the bathtub with ice here and whine and brought in anyone who wanted to celebrate nixon's defeat. as i say in the book it's an odyssey from that background and through working with nelson rockefeller was a paragon to wind up with richard nixon who i think romley was not seen as someone really as a progressive liberal and an agent for good. >> and your father who is an engineer or chemist and was not a politician had observed nixon because he hit gone to observe the eisenhower cabinet. >> he was from a coal-mining family of 10 from west virginia. he was the first in his family to go to college but he wound up in the executive office of the president in charge of defense and mobilization and in the course of that he had a couple of occasions to present it and he had impressions of richard nixon which worked hostile but they weren't glowingly positive. >> they are is so much in the book and we have so all-time so i'm just going to start one of the figures as you describe in

. >> candle media, we have a fantastic partner in blackstone.hey have been unbelievable supporters. we have bought a nine or 10 companies already. hello sunshine, moon buggy. hello sunshine is doing great. reese witherspoon is highly involved. we are doing very well, but also moon bug, if you are a parent of small kids, and you know our characters. -- the most popular streaming -- second most popular show on netflix last year and the second youtube channel in the world. a whole bunch of different ip we have. that is doing well. we have bought a company called exile, which does programming in latin america. isaac lee, former head of content for univision, it as she is a great latin american programmer. we also have -- which does social media storytelling. that will help all of our brands do much better in the marketplace where we need to have a social media footprint. we love the flywheel we have created in traditional television, storytelling and we are bullish on our future. emily: i have a three-year-old. cocoa melon is huge in our health's. -

names, strong dividend yields, and reasonable valuation, mid teens let's just take in the case of blackstone, it's a company that over the last five years is, to shannon's point, growing the dividend at a 20% clip you want to see that dividend growth health care, and that's a sector where i say you have to be concerned about the environment in which sectors can be resilient in that environment, and these are three instances where you could look away from the competition in a two-year you are getting from bonds and say i will own these companies >> yeah, i would caution investors not just based on the yield, because there could be a lot of stocks that have a low price and you don't want those stocks, and looking at something that screens for companies that consistently screen for dividends over 20 years. i don't think dividends out performed this year because of the yield, i think they out performed because of the categories they fall in, which is utilities >>> world leaders are gathering in new york city this week for the united nations general assembly this year's session is taking place in

does go to the point you've been making labor markets remain tight and by the way, this is bloack blackstonewhich has many portfolios in varied industries so can give you a reasonable snapshot >> look at jonathan gray, no axe to grind, wants to get it right and what it says is the fed cannot stop until we have major job losses right now, where are the job losses they're at bed bath & beyond they're doing terribly they're at docusign. they're doing terribly they're at peloton what are the great companies, other than goldman-sachs, that are laying people off? the answer is, no. i never want to root -- it always sounds harsh -- for firings, but when the good companies lay people off, that's when they'll be done >> bank of america has some charts out today what is your main concern about the economy in a recession in terms of job security, say, take the tranche who make less than 50 k, about 25%, are worried about their job security i assume you think that number needs to get higher. >> i remember in 1980, '81, when volker was doing -- reagan about to come in everybody was worried. david, everyb

blackstone president john gray and whitney, ceo of bumble speaking about their partnership and fireside scheduled with citadel and pimco, up to the minute perspective on the market environment. of course, with the midterm elections actually six weeks away today, we'll get a sense of the political and regulatory landscape with deputy treasury secretary wally and virginia governor and former carlisle ceo. jon fortt closing out the day with a micro panel of rock creek and jillian salisbury runs goldman sachs asset management less than 24 hours away but i believe still tickets available if you'd like to attend or get more information about the event. please, visit the website or there should be a qr screen. all information you need send it back to you. >> i'm sure another chance to put the qr code up on the screen. >> love a good qr code. >> yes leslie picker. >>> still ahead, a check on chips and some warn nvidia is stuck in valley. domestic manufacturers ask, where are the workers? big show ahead "techcheck" is just getting started. another busy day? of course - you're a cio in 2022. but

the and i'll be sitting down with the bond giant cio dan ivason we'll look at executives from blackstone carlyle and we'll get a sense of the political climate with the deputy treasury secretary, and later with virginia governor and former carlyle co-ceo glenn youngkin tickets are still available but time is running out as it starts tomorrow morning >> it does and what a time to have it given how unsettled the landscape is, haw opportunistic some say the market is relative to stocks i can't wait to get the collection's view on where we are, les >> that's right. sitting down with pimco's dan iverson, that's my question him. do agree with him now is the time to really be putting capital to work there? we're going to hear what's going on in the equity markets, energy short sellers. jim is going to be sitting down with carson block as well as the conversation on what it's like to be a short seller right now >> you work over those questions. i've got to work over mine for ken griffin and i'll see you there. >>> coming up energy is one of the worst sectors this move. stephanie link making a mo

let me ask you, as corporate landlords like blackstone by a parental properties, what will be the impact on families who are in those homes? >> senator warren, first those families will pay more, sometimes a lot more. institutional investors will raise rents by double digits, even the single quarter, but families might also experience a reduction in housing quality, as institutional investors died as housing as part of their business model. they settle tenants with extra fines in fees, including tenants who can make their rent the end of the month, just because they don't get paid on a monthly basis. plus those tenants are so outgunned not only politically but in court, or many of those tenants don't have access to a lawyer, but over 90% of landlords do. that leaves families incredibly vulnerable situations. >> right. in fact, thanks to an investigation by the house select subcommittee on coronavirus crisis, we know that during the height of the pandemic, incorporate landlords illegally evicted families by the thousands, of violating federal and state moratoriums that had been put in pla

instead, we get this filing tonight, this ridiculous -- and blackstone, lauren cook, i think they referred to this as legal gobbledegook, it doesn't make much sense. trump's lawyers should've left this filing in their drafts folder. >> matt miller, with your experience in national security, what was it like for you when you first saw that photograph, which we have been showing tonight? of the evidence that the fbi, just some of the evidence that the fbi picked up with that search warrant, that they attached to their filing last night. >> it was shocking. so shocking that i'm also getting nervous just talking about these documents. when you look at them, talking about the code words across the top of them. one of the things you learn when you are used to handling classified documents inside of the government, is talk about them with people that are cleared to have that information. and share them with anything else. you certainly don't remove them in a case of top secret materials, just like these are from a secure government facility, and take them to your personal residence. if you do tak

the decline in home prices in the uk, you now have discounts of 20% or more steve schwartzman of blackstonea 2500-acre estate in west london for $80 million. the number of u.s. buyers now looking in the uk is up over 20%. they're looking at everything from 400,000 in london to big estates. the combined price in currency drops give you discounts of over 50% in neighborhoods like knight's bridge and nottinghill. this georgian town house has 11 bedrooms, nine baths, an indoor pool price tag $28 million, that's $5 million less because of the currency swings. this 1900-acre estate adlington hall can be yours for $33 million. it's been in the same family for 700 years. six farms, 27 homes, and it was once owned by king henry iii brian, you save over $6 million just on the currency >> 700 years in the same -- i was happy to find a car that had one owner. 700 years goes back to hen vii why don't you buy it. >> henry iii it was owned by the crown in the 1200s. for $30 million, 1900 acres, compared to what you get around new york, that's a good deal >> i mean, they chased off the h hobbits. >> probab

and blackstone, lord cook, lord hale, i think they referred this as legal god lead. it does not make much sense. and honestly, trump's lawyers should have left this filing in their draft folder. >> matt miller, with your experience in national security, what was it like for you when you first saw that photograph which we've been showing tonight of the evidence that the fbi, just some of the evidence the fbi picked up with that search warrant that they attached to their filing last night? >> it was shocking, so shocking, that i'm almost getting nervous even talking about these documents. when you look at them, talk about the code words you see across the top of about them, one of the things you learn when you are used to handling classified documents inside the government is you do not talk about them on and then with people who are clear to have that information. you do not share them with anyone else. and you certainly do not remove them, in the case of top secret sci material as these are, from a secure government facility and take them to your personal residence.

blackstone, secured lending right now is a bdc, also baine has a similar out there both are about 10%ionary names. we're buying disney hand-over- fist, actually looking at getting into southwest. the reason i like those credit names though charles is because i think the dividend stocks we talked about getting in a year ago are long in the tooth i'd rather take the credit play. charles: great stuff rob, sylvia , thank you both very much folks we'll be right back. >> thank you. some days, it felt like asthma was holding me back. but asthma has taken enough. so i go triple... with trelegy. with 3 medicines in 1 inhaler,... it's the only once-daily treatment for adults that takes triple action against asthma symptoms. trelegy helps make breathing easier,... improves lung function,... and lasts for 24 hours. go triple... go trelegy. because asthma has taken enough. trelegy won't replace a rescue inhaler... for sudden breathing problems. trelegy contains a medicine that increases risk of hospitalizations and death from asthma problems when used alone. when this medicine is used with an inha

management, getting beta in the market is going to be free eventually, so look at a company like blackstone there. they're adding value, paying 6%. that stock's pulled back. i like them because of their alternative exposure. charles: yeah. well, he was exposure to everything. [laughter] rob, scott, or michael, very much. a lot of great stuff, a lot of great wisdom there. >>> imagine having nearly 40 patient -- 400 ph.d.s in economics, an expensive $#.6 billion and you still can't figure it out. i'm talking about the federal reserve. i'll ask judy shelton what the hell is going on there. but first, chief economist dana peterson. we'll be right back. ♪ ♪ you spin my head right round, right round when you go down, when you go down now ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ hi, my name's steve. i lost 138 pounds on golo and i kept it off. so with other diets, you just feel like you're muscling your way through it. the reason why i like golo is plain and simple, it was easy. i didn't have to grit my teeth and do a diet. golo's a lifestyle change and you make the change and it stays off. golo's changed my life in

they you know, there were bodies of blackstone, you know along roadways for years in early and reconstruction. and and the reason that northern republicans, finally gave up on trying to bring blacks more into the you know, national political fabric and i think they they get excited. they want to move on to other issues. i mean for a couple of decades republicans kept trying to pass laws that would you know, sort of overrule with southerners were doing you know in voting rights or whatever and they kept they kept failing it either didn't pastor could filibustered. and i think northern republicans finally just get exhausted by the effort. so i'm not sure that. there's a lot that could have been done to avoid what happened with jim crow short of. just there and even heavier hand the us government. this is maybe a good time to ask about vice presidential selection given the the rather disastrous choice in retrospect that abraham lincoln made in selecting andrew johnson as part of a ticket balancing act here that wanted to appease southern unionists by choosing this tennessean who later went on to

the question how were you set up to do a story like blackstone? you look at a campaign like that. how do you organize that? because for me, like i'm such a granular, fun one guy, i'd love to hear your mindset. i'm like, i'm going to write about that campaign. so how do you organize that? so it becomes this narrative, which you're a master at writing. i look at it a lot like a novelist, which is you have to have a story arc, you have to have a single storyline that builds up to a climax. and so because i found out when i wrote my book, the war below, which was on the whole submarine campaign, that there isn't a single climax. and i struggled narratively to put that story together. and and so i learned the lesson that you need to find a single mission a single battle, a single campaign, and where you can sort of have, you know, you're you're build up in drama and whatnot. and of course, characters are a big part of it. i mean, history is about people. i mean, it's ordinary people. an extraordinary situation is people like curtis lemay, you know, this bootstrapping kid from ohio that

in the pe space you'll be interviewing blackstone's jon gray i'll be moderating a panel on growth investingc. we'll have a panel focused on short selling as well with carson block and jim chanos and one-on-one with ken griffin. with the midterms just a few weeks away, we'll get a sense of the political climate with the deputy treasury secretary wally adeyemo and with virginia governor glenn youngkin. tickets are still available for purchase at deliveringalpha.com. that event taking place tomorrow morgan >> leslie picker, thank you. >>> as we head to break, check out bitcoin. higher by about 5% this morning. closing in on 10% gains for the week back above 20,000. >>> in other crypto news, ftx continuing its buying streak, winning an auction for bankrupt crypto broker voyager digital. other names like coinbase are moving higher as well. ♪ ♪ 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

there was a systematic dismantling of black communities, i'm a descendent of one of the founders of blackstone, you can google it for the listeners but the main thing i want to say is that there is a defunding or divestment from black communities while also negative attributes who are brought in. you saw the liquor stores, pawnshops come into those communities and also the stop snitching. the mentality that was happening in the black community while people were leaving and black people were leaving the communities. the community i grew up in was very diverse we saw that people were starting to leave. more black people, poor white people did not want to live together and i think my main question is how do we keep these communities that we live in sort of solidify against the negative business of divesting and defunding of black communities and lack lives in these communities because ultimately what happens isthat we start breaking apart , crime comes in and then there's gentrification happens. the rents raise up, people have to move out and they can't afford to live in randy moss house was paid

in the decline in home prices, you have discounts now of up to 20% or more steve schwarzman of blackstone million pounds. he saved up to $20 million based on currency. the number of u.s. buyers looking in the uk is now up over 20%. mostly looking in london compared to the peak prices in the uk back in 2014, the combined price and currency drops give you discounts of over 50% in the nottingham hill areas and 40% in may fair. what do you get for your dollar? this georgian townhouse has 11 bedrooms, 9 bath, indoor pool, 28.5 million pounds. $5 million less for dollar buyers than a year ago this 100 acre estate comes with stables and it's 12 million pounds that saves you 2 million on currency >> wow how does that compare to new york how do prices look compared to other major markets you follow >> we have started to see -- though london a bit more price declines, new york, third quarter is not out yet we're not seeing price declines in new york, it's sales activity in europe we're seeing price declines, so it's a better deal in london. >> such a nice city. >> that will do it for us on "squawk

as corporate landlords like blackstone buy up rental properties, will be the impact on families in those homes? dr. desmond: first, those families will pay more and sometimes a lot more. those families might experience a reduction in housing quality. they saddled tenants with extra fines and fees, including those who cannot make rent at the end -- beginning of the month because they do not get paid on a monthly basis. plus many of those tenants do not have access to a lawyer. over 90% of landlords do. that leaves families in vulnerable situations. sen. warren: an investigation by the house select subcommittee on coronavirus crisis tells us during the height of the pandemic corporate landlords illegally evicted families by the thousands, violating federal and state moratoriums that had been put in place to protect tenants. today, with family struggling with rapidly rising rents that you talked about and with the economy at risk of being pushed into recession by the fed's overzealous interest rate hike, it is urgent that we take steps to protect renters from predatory schemes and ensure th

democracy in 1790 four, so did noah webster in 1785, soda george tucker and his 1803 edition of blackstoneid thomas jefferson in 1815. this discussion about democracy versus republic, likely going to happen over the years, if past is any president -- precedent. this is loretta in bridgeport, texas, republican. good morning. caller: good morning. i am a person who actually has a copy of the constitution and have read that thing from beginning to end several times, to try to understand what the supreme court did when it overturned roe v. wade. and they were absolutely right. there isn't, in the constitution, anywhere that states anything about a woman's right to abortion, so they made the right decision. and it is not going to be decided on the national level. what they have done is turned that decision back to the states, so the women who want an abortion need to concentrate on the state, not the national, elections, the state elections, and make their well-known. and however it comes out, however any state -- and i happen to be in texas, however any state, however you vote your people and,

other people's money, tax revenues, state treasurers, et cetera, they give it to the blackrock, blackstonesd new 21st century methods of structures that will flow capital into this cohort because we're going to stimulate more gdp growth more gdp growth. 2/3 of the growth now is coming out of this. almost 1/3 of the gdp volume growth year on year now is tied to this cohort and it's only going to get bigger as a percentage of total. >> you are not just talking about it, you're doing it, too you would say it's a prototype, and i'm talking about latitude ventures it flows last month, $100 million. >> yes. >> you've put out only 20 million so far the companies that you told me about, these are pretty -- these are high tech companies, these are companies that could one day be unicorns. >> yes so one of the things is the pipeline is huge out there nobody's figured out how to reach it so after our last latitude event we had a bunch of, you know, financial sector leaders and we were talking about this and finally i said, look, i'm tired of everybody giving great esg speeches we need to do this. >> i