blackstone group has also shown interest in buying crown. an attractive property, having just one rival in sydney and a monopoly in melbourne and perth. but crown has really suffered a spectacular fall in grace over the past few years. it used to operate in court -- a network of casinos, and now it is just down to these three domestic casinos, one of which it cannot open and the other is under supervision. kathleen: paul allen giving us the latest on crown resorts. now, time for morning calls focusing on rbnz. more aggressive moves being priced in now? sophie: that's right. given the shot from the surge in inflation have tweaked their outlook to 2% by november 2022 with an endpoint in 2024 at 2.3%. upside pressure for the kiwi dollar as well as rates. haidi: next, looking to push into the south korean market. this is bloomberg. ♪ is bloomberg. ♪ haidi: payoneer and coupang have teamed up to more easily expand into south korea. sellers in their ecosystem will get faster access, greater flexibility, and managing payments. let's discuss and bri

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 portfolio at 50000 or yes. how do you even find 50000? yeah, the buyer. 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 and big discounts to underlying replacement cost. and it was pretty obvious. it was single family homes. i would spend $25000.00 or so fixing them up and then let's rent 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 in enough scale, i was just poking around, trying to get my head around some of the stuff around hedge funds and buying app distress, mortgages and all of that. and i went on to the blackstone website, and i've worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone i know. so basically

blackstone group is showing interest in crown.business that has monopolies in both melbourne and perth. what a spectacular fall from grace. this is a company that iced to have casinos in las vegas as well as here in australia and now it's reduced to operating and supervision at its flag ship. >> let get to sophie for the latest on the markets. >> taking a look at the asian stops. kospi is building on the event. staying below 1170. trading around five week high. they do see weakness for the currency this quarter. jumping on is deal for down stream chemicals. over in tokyo, check out ntt shares gaining nearly 5%. i want to focus on panasonic. they are aiming to sell this battery model to other customers alongside tesla. >> breaking news news in elon musk, he is elaborating his deal with hertz, hertz purchasing 100,000 teslas to be end by end of 2022. $4.2 billion revenue booster for tesla. elon musk is the car sold to heather have no dos counts. getting the full profit out of that. he too is seeing strong inflationary pressure at le

among them, kkr, blackstone, and carlyle group.nits also attract some of the world's biggest pharmaceutical and consumer goods companies. in the u.k., a parliament tree report found that boris johnson's government made serious mistakes in the early handling of the coronavirus pandemic erie lawmakers say that imposing a full lockdown more quickly would have saved lives. the european union drew record demand for its debut green bonds. there was more than one under $56 billion in orders today for a sale of almost $40 billion of securities. the money will be used by you nations for energy efficiency, clean energy, and climate change at a patient's. -- clement change expectations. -- climate change expectations. 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 laura wright. this is bloomberg. alix: so the green bond story i think is really fascinating. it shows how strong the demand is. what i will he to know going forward is how much you ac

"spanx, which was founded with $5,000, is now worth $1.2 billion, in a deal with investment group blackstoneer-valued. spanx have been keeping the colbert keister high and tight for 20 years. when i unsnap this thing at the end of the day, it's like puncturing a sack of oats. ( laughter ) ( applause ) meanwhile, "fisher-price made a working chatter phone for adults," with updated features like bluetooth, a speakerphone button for hands-free talk, a lock switch so the wheels won't roll off your desk, and when you turn it off, he says, "love you, bye." and then mutters "this could have been an email." ( laughter ) meanwhile, tik tok has a new star: noodle, a 13-year-old pug o picks and ses in the morninwhor h if he stands, it's a "bones day;" if he chooses to slump straight back down, it's a "no bones day." i'll let noodle explain. >> good morning, everyone, and welcome back to yet another round of no bones. the game where we find out if my 13-year-old pug woke up with bones, and, as a result, we find out what kind of day we're going to have. i've got to be honest with you, it's raining this m

among them, kkr, blackstone, and carlyle group.he unit could also track some of the biggest pharmaceutical 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 leigh-ann gerrans. this is bloomberg. ♪ >> they may start tapering in november and you have a sharp quarter of tapering. they are going to win about and postpone any raising of rates. jonathan: nouriel roubini, ruby macro associates ceo -- nouriel roubini, were beanie -- nouriel roubini, roubini macro associates ceo. yields lower by two basis points to 1.5944%. in the fx market, 1.5552. tom: certainly, the houses are suggesting we grind higher. jonathan: we heard that from ed morse yesterday. could see $90 in 4q. we are almost there. $90 is not a big call. tom: there's two prices of oil. you quote wti, which i think is fine. going up, i look at brent. going down, i look at the lower-priced wti. i really don't know why i do that. i am looking at $84 oil right now. jonathan:

blackstone's private wealth solution group byron joining us.u again. >> always good to be here, david. >> let's talk about what the market has to deal with at this point. i wonder whether or not you think we can truly set aside the debt limit concerns. as far as inflation goes, you are not of the belief it is transitory >> no. i always thought it was going to be here and stay here. i never thought the transitory argument made sense. >> and that is because why is it about their repatriation of supply chains over the long term or something else >> no. just look, i mean, you know, the major drivers of inflation are commodities, that that may be capable of retracement, but also, now you have rents going up, you have wages going up, and those are sticky rents and wages are very sticky. and you have the supply chain glitches and you have all the ships that can't be unloaded in california there are too many factors out there end kagt that inflation is here to stay will, the pace of the economy is strong companies have pricing power and people are payi

group. we also heard from blackstone c.e.o. jon gray who took a little bit more of a longer-term approach and less pessimistic, less doom and gloom, jon gray saying china will continue to grow faster than the developed markets. and he cited the entrepreneurial spirit in china and a government that wants economic growth to improve people's livelihoods. and one last note that i'll make. at this bloomberg invest conference as well with haslinda amin we got g.i.c. which is a sovereign wealth fund of singapore. it's rare indeed to get any kind of portfolio guidance or makeup of the portfolio or any kind of really market-moving comments from either g.i.c. or tamasik and g.i.c. of sick pour -- of singapore says they are weighing portfolio changes with its china holdings in response to the ride waning policy curbs and acknowledge that hard tech like semiconductorrors as well as health care, those sectors in china that will enjoy regulatory support, they will have the tail winds. shery: and it doesn't help that china is continuing to ba

group markets. 10 year and 30 year yields hit the highest since june. bastogne and brookfield say it's time to sell pay the energy -- blackstone and brookfield say it's time

group together. >> whatles do we wan-- what else want to do here? look at blackstone, one name i didn't get to.n "squawk box," president of the firm, steve schwarzman still the ceo there's been generational change at these other shops. >> right. >> whether it's apollo or carlisle or kkr, but not at blackstone yet but they're killing it, man. that's $160 billion market value now. >> i understand they actually got out of individual houses and could end up being -- >> they did a strong job there in terms of getting in and out they are fairly nimble as we know few related earnings. >> brilliant as always today. >> all about having permanent capital to a certain extent and over the last 12 months distributable earnings of 1.6 million, becoming a c corp, be dividend. >> what's important the stock was at 40, my friend was on, tenth anniversary show, saying when it was 40 a buy fell on deaf ears. it's a housesien day for the rails. csx reported terrific numbers and led by coal believe it or not. metal good, fertilizer good. metals, mining and fertilizer. and then union pacific, now i had -- >> we'll be

group markets. 10 year and 30 year yields hit the highest since june. bastogne and brookfield say it's time to sell pay the energy -- blackstone and brookfield say it's time to sell. we are at the summit in slovenia. remaking britain. boris johnson will use his speech to shift the blame for the supply crisis, presenting it as an opportunity for the u.k. welcome to the european market open. 7:00 a.m. here in london. what a treat. we have mark here in london as well. you will be here for the next 1.5 weeks per it i don't know how we got so lucky to have you here, but of course, you could not have picked more interesting time to be alongside us in these markets. what do you make of yesterday's tuesday turn around and some angst in the market this morning? mark: i am still struggling to catch up with these markets but what is useful for catching up is that the short-term theme we are focusing on in markets today is what we have been talking about this week and over the last 10 days. that is the idea of higher bond yields, tech weakness in equity markets versus energy prices and that is feeding through to energy market gains and equity markets as well so it's