there's two pieces of that bridgewater was a big part of my life. i spent 12 years at bridgewater and there's a couple of parts of the book that that i really of that time that i really had. but one was that i came and for the first year and a half, i was sort of my way around bridgewater and then i became the co-ceo and then about a year and a half later, ray me from that job, very poor signs of some tension and very publicly. and that was you know, that's on the front page of the wall street journal. this was not a pleasant moment. and i had young kids and we had just moved them from from washington and and so i said, i'm going to stick with it for another year or two, too. so i get my personal situation, then i'll figure out what's next. and i stayed and it started to stick and things started to go well. and i became again, i don't know, four years later or something of that. and then was ceo for the last six years before, i jumped into the, into the senate. so bridgewater's, a very unique place. i wouldn't have traded that experience for the wor

there's two pieces of that bridgewater was a big part of my life. i spent 12 years at bridgewater and there's a couple of parts of the book that that i really of that time that i really had. but one was that i came and for the first year and a half, i was sort of my way around bridgewater and then i became the co-ceo and then about a year and a half later, ray me from that job, very poor signs of some tension and very publicly. and that was you know, that's on the front page of the wall street journal. this was not a pleasant moment. and i had young kids and we had just moved them from from washington and and so i said, i'm going to stick with it for another year or two, too. so i get my personal situation, then i'll figure out what's next. and i stayed and it started to stick and things started to go well. and i became again, i don't know, four years later or something of that. and then was ceo for the last six years before, i jumped into the, into the senate. so bridgewater's, a very unique place. i wouldn't have traded that experience for the wor

. >>> let's talk about whale wat watching bridgewater sold in the first quarter.ridgewater exited in jpmorgan chase and bank of america and wells fargo and goldman sachs and morgan stanley the hedge fund kept citigroup. david einhorn snapped up shares amid turmoil in the regional lenders. picking up shares in first republic among other lelenders. >>> berkshire's 13-f showed they have a stake of $950 million in the bank which held up in the sector volatility. shares jumped 5% in disclosure of the stake. >>> tech stocks were in focus for hedge funds with bill ackman's pershing square development. and david tepper raised its stake in uber making the ride sharing app the third biggest holding. he hiked stakes in amazon and alphabet joumanna, one caveat here to the 13-f, it is backward looking with the q 1 purchases it looks how the giants reacted to the banking turmoil it was divided with the stepping in or selling out. one thing that stuck out from the banking perspective were the moves from the bridgewater selling position in the banking giants actually the titans t

you at bridgewater had a pretty good last year, right? >> we did. >> you were long commodities, short equities. >> and short bonds at a time when inflation expectations started picking up. >> what do you do now? >> it's a tough time for investors. you have to look for uncorrelated things outside of 60/40 holding stocks and bonds you can go to other geographies, places like japan where the inflation is a lot less entrenched than in other places and they're pretty excited to see 2% inflation that's a great thing places like china and other things you can do is look at other sources. for example, looking at the euro relative to the dollar the euro is as cheap as it's been in a long period of time. this is a great time for uncorrelated sources of alpha. that core exposure most investors have in stocks and bonds is less attractive than it has been in some time. >> you like the euro, even though europe is also going to have to do more tightening to fight inflation with a weaker growth rate? >> i do. at this point europe really did go through a

rebecca patterson former chief investment judges at bridgewater joining us next. this is bloomberg. this is bloomberg. really to worry about. and then when i was diagnosed, there was just such a big weight put on my shoulders. every night, i felt like maybe i won't wake up tomorrow. but there's no way that this is going to win. i'm winning. announcer: st jude children's research hospital works day after day to find cures and save the lives of children with cancer and other life-threatening diseases. beth stewart: there are treatments that were invented within the walls of this hospital that have continued to improve the cure rates for pediatric cancer, and st. jude's not going to stop until every single kid gets that chance to walk out of the doors of this hospital cancer free. lila: if it weren't for st. jude, i wouldn't be sitting here today. peter: this place has really shown us the strength of what can happen when so many people work together as one. people want to be a part of the cure. announcer: thanks to generous donors like you, families never receive a bill from st. jude f

up to 9,000 jobs would be created at the site in bridgewater in the west of england.a is expected to fly to london next week to finalise the deal. joining me now is alan hollis, ceo of amtey power, one of the uk's only commercial battery cell manufacturers. how significant is this investment and this announcement that we expect to be made officially next week? i think it's very good news and it is a positive indication of the government's commitment to the uk battery industry. we have to remember that this is a step in the right direction but from my perspective, it is one step and it is a long journey that we have to go on because one battery plant along work to be fully manned to supply both the uk automotive industry and the storage industry. the current uk forecast is that the uk is going to require approximately six killer factories by 2030 and we have got to long time to go before we are happy to have that capacity secured. that ca aci to have that capacity secured. that capacity suffered — to have that capacity secured. that capacity suffered a _ to have that c

it's a bit as to the symbolic, but that is, so i mean, bridgewater shapes, the depth of the ocean mall triplicate, the sort of constituents of crumpled slippers were changing because that was a couple guys separate cost to sonya. we have the funds where i need big less i have to be just want to discuss the certificate cost gifts for them. yeah, this picture what functionally is, what sort of divine use to get plenty plus 2 pins, which one you have to do for this thing. can you last, are you familiar with what we should, i should have gone to that sort of, which is pretty much a shame that came. it certainly needs they might be used with key to name is gaby of that will be what if you can see it is the cause of it. let's do a sore throat. next slide. oh, we've got the welcome to pull him in the one that looks like we're pretty fits it on the perfect. i'll skip grab it of 70 minutes or so. i guess i was gonna say it was easy list upset, they should choose so much or at least a piece of them. i forgot the name is and i missed you, but that's a crime that i've got those in there. so it's c

i don't think bridgewater says earnings had to go down another 10% in order to approach that 2% inflationarget. i don't think the earnings recession is complete yet. as that continues to progress, i think they will move away from balance sheet safety and and go back to old faithful which is gold and silver. goaltends to go up when rebates are going down. >> it was interesting to see the move intact. this broke above the 52 week high. what does this mean in terms of how much more leeway they have to continue this upside? given it lacks breadth and we know about the challenges. it is a balance sheet safety play. >> it depends on what the earnings reports for the second quarter in july say, are they going to be ugly for the first quarter? people are looking at expectations. they are not looking at the rate of change. we are either going to wait for earnings, in the short-term, it is definitely overbought tech where we will have a credit event in the interim before the negative earnings. their credit event is going to dictate further consequences in the economy. question kept mentioning the c

up to 9,000 jobs would be created at the bridgewater site, close to the m5.omerset is the site of a key battle to secure the future of the uk�*s car industry. next week, the government is expected to announce somerset has beaten off competition from spain to build a battery factory forjaguar land rover�*s indian owners, tata. they were the first in the world... last week, the chancellor — under fire from car makers dismayed at slow progress so far — hinted at the good news to come. the reality is there is a supply shortage. everyone is trying to develop supply of ev batteries, and so we need to have that supply here in the uk. the closer it�*s located to the factories that are making the rest of the car, the better. and all i would say is, "watch this space." the bbc understands the tata boss is expected to come to the uk next week to seal the deal. now, this site might not look like much right now, but this disused munitions factory is part of the promised land for uk car manufacturing. in the future, if you don�*t have a battery industry, you don�*t have a

up to 9,000 jobs would be created at the site in bridgewater in the west of england.xt week to finalise the deal. our business editor simonjack reports. this patch of somerset is the site of a key battle to secure the future of the uk's car industry. next week, the government is expected to announce somerset has beaten off competition from spain to build a battery factory forjaguar land rover�*s indian owners, tata. they were the first in the world... last week, the chancellor — under fire from car makers dismayed at slow progress so far — hinted at the good news to come. the reality is there is a supply shortage. everyone is trying to develop supply of ev batteries, and so we need to have that supply here in the uk. the closer it's located to the factories that are making the rest of the car, the better. and all i would say is, "watch this space." the bbc understands the tata boss is expected to come to the uk next week to seal the deal. now, this site might not look like much right now, but this disused munitions factory is part of the promised land for uk car manuf

up to 9000 jobs could be created at the bridgewater site close to the m5 motorway in somerset.k with the details. �* , . somerset. simon jack with the details. �* , , ., somerset. simon jack with the details. , , ., ., , details. a very tense cat and mouse to caushin details. a very tense cat and mouse to gushing from _ details. a very tense cat and mouse to gushing from the _ details. a very tense cat and mouse to gushing from the uk _ details. a very tense cat and mouse to gushing from the uk has - details. a very tense cat and mouse to gushing from the uk has been i details. a very tense cat and mouse i to gushing from the uk has been what i've learned is negotiations are now move to the next release draughting in the calligraphy of how this landmark deal will be announced of that and as you say, the boss it owns jaguar looking to fly to the uk next week to meet the chancellor and prime minister initially presented as a big win for the government which is come underfire as a big win for the government which is come under fire for not being at the races when it comes to batte

first republic's lead banker on the deal before the deal and bridgewater's co-cio with us this morning lower across the board nasdaq, s&

and like bridgewater look back longer than others but when the vix gets high, then they start getting concerned or their models do anyway and they do some selling. but the fact that it has been relatively low for more than six months, though it has been dropping for a little while the past year, so if you want to go back that far, that is telling them to buy. but yeah, i'd like at the vix. >> hugh, let me turn to questions of portfolio structure and management and where we are according to your models if i am an average equity investor and i like to keep 60% stocks, 40% fixed income or cash, something like that, would you be -- or 65%, 35% -- where would you be right now >> i'm a little bit concerned about a hard landing i'm not saying that the hard landing is going to derail this so-called good market or bull market, but i'm concerned that we might see a little bit of a decline in stock prices as a result of that what i'm seeing from market sector, i'm seeing positive performance from bull market sectors, that is the good news i'm seeing some good performance from the so-called defen

>> i was actually sitting at bridgewater looking at that in 2011 when the downgrade happened, and it. with bills that were after the debt ceiling was going to occur. trading at a significant premium. any sort of downgrade, to me, seems premature and the rating agencies will probably, in my view, will wait until the actual drama of a government shutdown occurs, given the mistakes they made in 2011 >> andy, thank you so much for joining us >> pleasure, melissa >> andy constan. >> if china's reopening fades and europe's growth slows, it wouldn't shock me to see more foreign demand for u.s. treasuries coming back, and that demand helping to offset some of the supply andy was talking about potentially. at the same time, we are seeing, well, central banks in general are continuing to buy u.s. treasuries certain central banks of countries that the u.s. isn't as friendly with do appear to be pulling back, so, even if we don't have a default, if we get too close to that cliff, we have another wile e. coyote moment if we have a technical default, for a day or two, that might be enough to spook

that's jazz icon dee dee bridgewater passing on some positive vibes. >> january 30th, 2023 -- >> reporternedy center. i called her, she picked up the phone. i told her who i was. she screamed and said, i should have asked for $1 million! [ laughter ] >> ladies and gentlemen, please welcome to the kennedy center stage, doreen ketchens! [ cheers and applause ] ♪ ♪ ♪ >> reporter: for the longest time, jazz in new orleans was mostly a guy's club. female singers, oh, yes. but among jazz musicians, doreen is something of a pioneer for women. ♪ ♪ >> reporter: and her long notes are legendary. watch. ♪ ♪ ♪ ♪ ♪ >> reporter: it's all over in what seems like no time. doreen has said she wanted to hold the audience in her hands. well, she and the band got a standing "o." [ cheers and applause ] and doreen got called back for an encore. ♪ ♪ ♪ ♪ ♪ [ cheers and applause ] >> they ain't got no problem participating. >> reporter: you done good. >> trying to tell you, there is something about it. looking forward to the next time, of course. wow. that's good. almond breeze? you like the almond breeze i got

in the national security council, and then as undersecretary of treasury, and then went and ran bridgewater, which is one of the biggest investment firms in the world. so when i step back and think about growing up in rural pennsylvania, i never imagined that i'd have the kind of career that i've had. and as someone who has been so blessed, i felt like i might have an opportunity to give back by both writing this book, but also running for the senate. as you mentioned, you did run for senate in pennsylvania in 2000 at 22 as a republican, very narrowly lost the republican primary to mehmet oz by about a thousand votes. and there's talk of you running again. i know you've said your you're considering it, but let's let's get straight into the book. the title is superpower in peril. it's a stark title. it's a warning. why is america in peril and how much peril are we in? well, you're right. it's a very stark title. and people it's ominous. and then people say, but i read the book and the book's optimistic. how do i how do i reconcile those two things? and the truth of the matter is, i do believ

host: let's hear from dan in bridgewater, new jersey. you are on with author philip howard.ler: think about the american setting is there is disassociation between authority and responsibility. for example, he would have the responsibility of a teacher in a classroom to educate and maintain the students. on the other hand, would have the administrator not in the classroom and doesn't see the situation with the 30 to dictate the limits within that teacher operates. it seems both sides are kind of flying blind from the perspective of the other, with the child's caught in between. i wonder how you would resolve this kind of situation. host: 30 and responsibility. -- authority and responsibility. guest: if they are not coupled together, then response ability is just a word. the way, the teacher needs to have this sensibility within the scope of their job description. only she knows what is going on in the classroom and can't react to it. defensible doesn't know that, but the principal has the responsibility of making sure the teachers in general are effective and doing a good jo

newe— trent stafford, emma bridgewater newe beng— trent stafford, emma bridgewater newe beng begwn— have be-ewer by enbb. — transport was so easy you'd have to over by ship. very to come over by ship. not very reebbebbe— to come over by ship. not very realistic. look.— to come over by ship. not very realistic. look. but- to come over by ship. not very realistic. look. but then also, of realistic. look. but then also, eb-we— realistic. look. but then also, eb-we nee— realistic. look. but then also, of-we had the- realistic. look. but then also, of we had the example in of course, we had the example in bbbe— of course, we had the example in beee eb— of course, we had the example in 1953 of eisenhower- of course, we had the example in 1953 of eisenhower didn't come . bwb— 1953 of eisenhower didn't come . bwb r— 1953 of eisenhower didn't come over. but i think- 1953 of eisenhower didn't come over. but i think the understanding also is that, of bne— understanding also is that, of course the biden- understanding also is that, of course the biden is not necessarily- course the biden is not

martinez bridgewater tamps are very, very cold here. 49 point arena. 49 bodega bay 49 point race, sano boys been bouncing around 52 53. i'm getting closer to the home. than half moon bay. bowie working right, dave? yeah i'll have the soup, okay? it's i give up. i don't know why. i don't know, but it's cold out there, and that makes a huge difference on our temperatures. coast bay, san francisco, oakland. that's why the lows are in the upper forties and low fifties at the water jumps for 58, the city would not be sitting at 52 degrees. guarantee it system is moving in that as you get more of a southwest wind aloft that pushes the monsoon like moisture out that needs a southeast direction. really come in here. drizzle mr drizzle will be in town here. if not today. it is for some, but more likely tonight into tomorrow, so cooler today after another quick little bump up after being honest with you. it looks like very cool pattern taking us into the first week of june so far, that's the way it's looking, so the cooler pattern is establishing itself and it's going to stick around providing

and she sends emma sends me all the emma bridgewater. right, right.o that. i would very upset if got i would get very upset if it got broken. i intend to hand it down to my children they're to my children when they're older. debrett's the etiquette tttte— older. debrett's the etiquette tttte-thot— older. debrett's the etiquette bible-that it's- older. debrett's the etiquette bible-that it's no- bible has said that it's no tonter— bible has said that it's no longer necessary to ask a father for longer necessary to ask a father tor-touthter-s— longer necessary to ask a father for daughter's hand for his daughter's hand in rnarnaet — for his daughter's hand in marriage. would you feel marriage. how would you feel atout—r— marriage. how would you feel about—i would- marriage. how would you feel about i would feel marriage. how would you feel almay i would feel marriage. how would you feel almay not i would feel marriage. how would you feel almay not be i would feel marriage. how would you feel almay not be necessary,i feel marriage. how would you feel alm

you've got to have a plate to eat it off in the pottery capital of stoke, on trent stafford, emma bridgewaterut when you come heiby the wonderful get swept but when you come heiby the wonderful atmosphere up by the wonderful atmosphere heehenoe— up by the wonderful atmosphere ehenenoe. — up by the wonderful atmosphere experience . it— up by the wonderful atmosphere experience . it feels— up by the wonderful atmosphere experience . 2 22 experience. it feels brilliant, doesn't it? you know what i rhhnh— doesn't it? you know what i rhhnh h-n— doesn't it? you know what i rhhnh h-n hueh— doesn't it? you know what i think i'm just going- 2 2 27’ you know what i think i'm just going around and egeahhng— think i'm just going around and egeahhng ro— think i'm just going around and speaking to people, and i aoruahhy— speaking to people, and i actually love— speaking to people, and i actually love it- speaking to people, and i actually love it because i get off actually love it because i get orh-hueh— actually love it because i get off-just around- actually love it because i get off just around the off