just recently come of the blackstone group had been trying to acquire the property developer soho. they had good relationships with the chinese communist party. they funded a massive program within the party, blackrock. they had not been able to secure the deal and were denied by regulators. the big thing they are saying to foreign investors is if you want to come and make money, you can, but we will not cater to you. >> there is a real risk here that because the chinese communist party is doing it that everybody will say this is bad. i am a parent and i worry about screen time for my children. i worry about the impact of culture. is this a chinese way of doing it? >> i'm glad that you asked this question. i would like to say that this move is partially the ccp-esque about response to people's demands. there is such a saying that excessive indulgence -- this is what parents are worried about their children. sometimes they are really concerned about screen time. you have these opinions about the recent measure, that sometimes they are really heavy that the government has taken this

john gray is the global head of real estate for blackstone group, which is the world's largest private equity manager. so one of the market you went into was a single family homes, and i know you have a big port covers at 50000 or yes. how do you even find 50? yeah, to buy a you need a global financial crisis for that to occur. you're sitting around in 2011. you're saying, where is there a large pool of assets that are going to be sold by financial institutions, a big discount to underlying replacement costs. and it was pretty obvious in a single family homes would spend $25000.00 or so fixing them up. and then let's read them out and make income producing assets out of them like an apartment business, but just not in one large complex, but if we do it enough scale, i was just poking around, trying to get my head around some of the stuff around hedge funds and buying app distressed mortgages and all of that. and i went onto the blackstone website. i worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone. i know. so basically by up the whole ne

and i think a really good example of this not just with tech regulation, but just recently the blackstone group had been trying to acquire the property developer soto and the black, some group, and stephen sportsmen. they had very, very good relationship with the chinese communist party. and they had funded a massive, massive program by university, which is the intellectual home of the party and are sorry, black rock, not black, but they have not been able to secure this deal. it was denied by regulators. and what i think aging is saying to, you know, to, for investors right now in that, you know, if you want to come here and make money, you can, but we're not going to cater to you the way that we used to selling lou in london. there's a real risk where the simply because this is china as the chinese companies policy, the doing it the automatically everybody is going to go. this is authoritarian, this is bad, but i'm a parent, i worry about screen time and how much my children spend on the laptops and i pads and things like that. i worry about the impact of culture. is this a very chinese way o

and like warren buffet and blackstone group, who also just get a free transfer payment and just put in their pocket, right? so, and they control the media. so it doesn't really matter what those 4 words could be . it doesn't matter what anybody says, if you control propaganda, you control the reality of the markets. you control the reality of the markets brings me to this last one because like with feudalism, the old feudalism you had these structures, you had the obvious signs, and here's the castle, here's the king. you know, you saw that. what to fight against. now they say it's free market, this is meritocracy. how can you fight this? this is like the way it should be. well, we no longer have free markets based on fundamentals. there is only the fed with its ever expanding balance. she levitating these fake marcus with his anatomy, a fake money. do you think they will paper? and he uses that chart of the s and p 500 meets the feds balance sheet. so they're the ones create in these aristocrats, they're the ones causing this and they obviously with their propaganda what they say over

and like warren buffet and blackstone group, who also just get a free transfer payment and just put in their pocket, right? so, and they control the media. so it doesn't really matter what those 4 words could be . it doesn't matter what anybody says, if you control propaganda, you control the reality of the markets. you control. the reality of the markets brings me to this last one because like, with futile isn't the old feudalism you had these structures. you had the obvious signs and here's the castle, here's the king. you know, you saw that. what to fight against. now they say it's free market. this is meritocracy. how can you fight this? this is like the way it should be. well, we no longer have free markets based on fundamentals. there is only the fed with its ever expanding balance. she levitating these fake markets with his anatomy, a fake money. do you think they will paper? and he uses that chart of the s and p 500 meter feds balance sheet. so they're the ones create in these aristocrats, they're the ones causing this. and they obviously with their propaganda what they say ove

that after the collapse of the takeover deal by blackstone group.nese developer revealed the abandonment over the bid of lack of sufficient progress made among government regulators. >>> salesforce is giving employees the option to relocate after the anti-abortion law there. it said it stands by its female employees and their access to reproductive health care >>> and marvel's "shang-chi" just continues to flex at the box office holding on to the top spot for a second week in a row pulling in almost $36 million. the best film during a pandemic. beating out "black widow." dow futures are up 150 we're back after this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones start your day with crest 3d white and from mochaccinos to merlot, i'm so glad we did this. your smile will always be brilliant. crest 3d white brilliance. 100% stain removal, 24 hour stain resistance to l

the largest property developers are plunging in hong kong after a deal fell through with the blackstone groupael, which of these is the more significant event for you >> the blackstone deal is not -- it's not a huge deal blackstone basically just thought wisely right now i think really basically the government going in saying that they're going to impact the free market, they're essentially going to say we're going to have a certain number of competitors -- and maybe 3 hub is too much. you're absolutely right. it's like when they say alibaba is too strong. they say all of these evs are too weak and they need to be consolidated so, the government has a master plan here, a master plan that only they know, and that is what is going to be implemented back to alibaba briefly if i could, you know, it didn't get much press, but alibaba essentially quote/unquote volunteered to give 100 billion un -- which is -- how much is that that's like 13 billion u.s. dollars, a third of their cash to basically chinese social initiatives. i say volunteer -- >> in quotes >> not really volunteer, but it was highly

blackstone is buying whole partners of america for $6000000000.00. the company own 17000 homes. not interestingly. the company allows tenants to buy their rentals in the u. k. lloyd's banking group plans to buy 50000 homes over the next 10 years. and retailer john lewis planned to build 10000 rental homes. but there is some pushback against giant landlords. berlin will be holding a referendum in september that would allow the local government to buy 240000 properties from germany's biggest publicly listed residential landlord. while let's talk to one of those campaign is dr. joanna kusha, who's a research fellow in urban studies at kings college, the university of cambridge, and she's joining us 5 kite from berlin. thank you so much, joanna for being on the show with us. so why has the city decided to vote on seizing these properties from the company that owns them? but linux decided to use the power. they happened the demographics system and organized this referendum to and domination of financial markets over our housing system. so what the initiative is trying to do is actually not so much for the city to buy that department, but actually to expropriate them to seize this pro

blackstone, full disclosure, i own a little bit of the stock. they're buying chamberlain group. kstone is it down 12 cents. it is $128 a share. it has quadrupled in the last four, two years, two years. >>> coming up, keeping up with crypto. a financial regulator criticizing kim kardashian for promoting cryptocurrencies. another major country is giving a four-day work week a try. any guesses which one it might be? that is a pathetic attempt at an accent but it might work. we'll be back. ♪. yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp.. put them together. save even more. some things are just better together, aren't they? like tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. no. that'd be a mess. i mean for starters, porcupines are famously no good in a team setting. geico. save even more when bundle home and car insurance. (naj) at fisher investments, our clients know we have their backs. geico. save even m

financials after group to be bought other than the oils you already have pretty good exposure within the traditional banks. bank of america, goldman and morgan stanley and american express and blackstone but you have a new buy and that's sofi you must agree that you want more financials exposure here. >> yeah. without question of the last six weeks i've been on the show talking every appearance about adding to financial exposure for the exact reason that the possibility would exist that yields are going rise until the end of the year. yields will rise, growth will be challenged, that should be your expectation. i agree. you don't get out of growth names. expect that growth will have muted performance relative to the re-opening trades and financials are a part of that. i love financials overall as a sector i believe they offer something very compelling, that energy and materials might not offer and that's really the domestic exposure and the strength of a balance sheet and i really suspect that with the consumer and corporate behavior it's only going to acceleratein a re-opening environment that's going benefit financials sofi is a name i added recently. we all know the fundamental sto