now bridgewater is launching a fund that uses machine learning as a primary basis of its decision-makingng to people familiar with the matter. the bridgewater co-cio has been working on ai initiatives at the firm since 2012 and the hedge fund formed an initiative known asaialabs. they will be using edgewater's proprietary technology and models from openai, perplexity and others that is been developing for more than a decade. if it is successful, it could lead the firm to hire more data scientists in the future and change the texture of the staff over at bridgewater. now, turning to real estate, blackstone's $57 billion real estate trust allowing investors to pull all the cash they asked for, even after redemptions breached a key threshold. we have reports from l.a. we are joined now. it's not the first time they've made a decision like this but in some ways this time it was a bigger decision, wasn't it? >> on a percentage basis, it was a bigger decision. blackstone's b rate generally limits withdrawals to 2% a month or 5% total per quarter. june being the third month of the quarter, they

bridgewater is also heading a lot of ai risk as well, the impact it may have on stocks.will be interesting to see how that plays out. scarlet: howard marks, greg jensen, who else do you have coming up? sonali: we have torsten's lack of apollo tomorrow right before we hear from fed chair powell testify. steve eisman neuberger berman. if you are worried about the markets, he is someone to listen into. sallie krawcheck as well. and the ceo of abercrombie & fitch, whose stock have been rising faster than nvidia, if you can believe it. i know that you and i both wear it. scarlet: you are one of the few people in the office i have talked to actively wearing it because it used to be only teenage jeans and t-shirts and now it is so much more. sonali: i have borne it to the opera, if you can believe that. scarlet: you can catch her bloomberg open interest every day from 9:00 until 11:00 eastern on bloomberg television. coming up, closing arguments over bill hwang's trial is today. we discussed the implications next. this is bloomberg. ♪ so, what are you thinking? i'm thinking...

a few days ago we saw bridgewater announcing machine learning.hat is a big step forward and see much more advancements in this space and we have launched over 28ai projects and the global demand and why they adopted management and the interest in ai and the interest in making it as a way to link will continue. paul: couple of elections coming up that are quite interesting and the one in france the second round in and in november, the united states. how do you see this he reshaping united states and e.u. are you changing strategies? >> once again, i think the elections almost a trend to a much more popular vote and one of the issues in the economy is for the last 10 years or 20 years of growth, much of the wealth has been regulated by the so in that space, see more reactions as to one much more of a kind of government, nationalist and see much more local practices and pricing of a trend. i think those are some of the big marketing impacts that will happen and have an impact on markets. paul: thanks so much for joining us. our breaking news from ea

an investment partnership with abu dhabi royal has been delayed as bridgewater grapples with the legalerms of an exit from the firm. one question is whether the billionaire founder may use the company's intellectual property after he signed a noncompete agreement with bridgewater. and the director of the u.s. secret service is about to face a barrage of questions from lawmakers who seem to want her out of the job. she is set to appear at a congressional hearing that will examine how the shooter behind the attempted assassination of donald trump eluded security and wounded the republican nominee. katie: let's get a check on these markets right now. you can see the s&p 500 up about 0.7%. again, big tech leading the way here, reestablishing itself as a market leader. the nasdaq 100 about 1.3% up. 10 year yields currently down about two basis points. let's tie it all together now with ann berry joining us on set. great to see you. ann: thanks, katie. great to see you. katie: we were down 2% last week. we are up pretty significantly right now. the vix out of nowhere suddenly has a 16 handle

this say about the weight of large hedge funds, particularly new ones that are smaller than the bridgewater's, citadel, millenniums of the world? how much power do they have these days question mark nir: they certainly have more power than the smaller players. the question is if they are constrained by the market. i would argue they are. i would say -- i would go further and say what you are looking at is in north america you are looking at four chilean dollars zombie industry -- a $4 trillion zombie industry. the appreciation and assets in the last nine years, 10 years has really come from market appreciation. the inflows on a net basis since 2015 are about $5 billion. a rounding error. what you are looking at is an industry not attracting a lot of interest, not attracting new capital, and lives and dies by what it can pull out of the markets. that's fine obviously. there are huge fees on the money. no one is crying for the hedge fund. if investors continue to put new money and fresh capital elsewhere the market share will decline. the only way to do that is to improve performance. i don't s

there is no justice bridgewater, they spend 5 hours reciting her government accomplishments. but she's the most unpopular leader in the americas with an approval rating below 5 percent. congress is equally unpopular, the better, but she doesn't represent us. she has a pacts with congress. many of them delinquents, she's publicly lied during the corruption investigations. this is a dictatorship 84 percent of peruvians want general elections now. the 1st pretty system against the ones that came from babies most important religious authority. the archbishop of lima told the herd ministers and other politicians. this is not a democratic society. in his sermon, archbishop tablets castillo directly took on it, whose political clause the most. i go to those who use and corrode the state by giving priority to their own interests, live in institutional disloyalty. despite nationwide discontent, the streets remain mostly quiet except for a few protesters who said they're not afraid of a police correct down to club descent and ascentis, i just see that email. reco, breaking rain fall in

there is no justice bridgewater, they spend 5 hours reciting her government's accomplishments. but she's the most unpopular leader in the americas, with an approval rating below 5 percent. congress is equally unpopular, the better, but she doesn't represent us. she has a pacts with congress. many of them delinquents, she's publicly lied during the corruption investigations. this is a dictatorship 84 percent of peruvians want general elections. now. the 1st is pretty system against what they came from fitness, most important religious authority. the archbishop of lima told the herd ministers and other politicians. this is not a democratic society. in his sermon, archbishop tablets castillo directly took on it, whose political clause the most. i go to those who use and corrode the state by giving priority to their own interests, live in institutional disloyalty. despite nationwide discontent, the streets remain mostly quiet except for a few protesters who say they're not afraid of a police correct down to club dissent. my dentist, dentist, i just see that email russian president

peter: mark in bridgewater massachusetts. caller: good evening to you and good evening to your esteemed guests. professor bell, you must agree with me that thomas payne was probably one of the most provocative writers that ever existed ever and all of history. he must have had access to certain information from some of the people that he connected with in england back in the day. when he came up with statements like king george was receiving 800,000 pound sterling annually and that he and the ministry were giving large tracts of land away to their cronies in the colonies. even before 76. my wife and i just visited baja this summer and i realized that one of those prizes went to governor hutchinson who is a master suit -- massachusetts governor back in the 60's. he had been awarded the entire peninsula which comprises baja -- could you possibly make a comment about where thomas payne was gaining access to some of this information? thank you very much. richard: thank you mark for the question. certainly graft is a feature of an

bridgewater turns to machine learning.ut a new fund that will use ai as the primary basis of its decision-making. the fund will debut with $2 billion of capital starting today and will utilize models from openai and perplexity among others. japan's h3 rocket takes light again. the japan aerospace exploration agency saw a successful launch which carried a satellite toward low earth orbit. it is their second launch with no crew on board. the flight comes after numerous blunders and delays for the agency, including an explosion of its smaller epsilon rocket in 2022. amazon calls for an ai start up. they have hired employees in a move that bolsters a development of advanced ai that can think like a human. amazon will use the depth tack to develop a product that helps automate software workflows. caroline: very interesting. let's go to france because following a months long battle over the future of the i.t. firm atos, once hailed as the rising star of the tech industry in the company, creditors are set to take control of the c

maria: joining me here at rnc pennsylvania senate candidate former bridgewater associate ceo dave mccormickeing here you were sitting in front produce of that rally the story you walking up there going up onstage, then he said i want to look at this chart tell us what happened right before the shooting. >> so excited to have the president, 15,000 people here president told me i want you to come onstage he got up onstage started to talk about my race invited me up i started to walk through security he said no, no i want to show this chart about the border, go back to your seat i will have you come up later i got back to seat within a minute or two shooting started i was told by someone there as well said to me that the president went out of order with charts was supposed to bring up charts later in the speech but he was you know ad-libbing talking to everybody said one shart signaled get that chart then she was moving things around to put chart up finally said i have the chart that is when he said all right. look at this chart when he moved his headed. >> amazing you see now, an inch an inch

. >>> bridgewater's ray dalio when "money movers" begins after this.-native network. and now everyone's so productive, they're operating at a higher gear... that's the now way to network at work—with real ai—putting you in the fast lane. can i have another pancake? from full house... ...to empty nest... ...to free birds. vanguard personal advisor can help you prepare for every chapter. we got this. that's the value of ownership. >>> good tuesday morning. welcome to "money movers." i'm sara eisen with carl quintanilla from the new york stock exchange. bridgewater's founder, ray dalio, one of the largest hedge funds in the world, how he's looking at the outlook for stocks and the fed and rising political tensions in the u.s. and around the world. >>> goldman's head of fixed income why the heat wave is over for the econ

mark from bridgewater, massachusetts, please go ahead. >> good evening and distinguished guests.think about the contribution of the founding fathers on the work of a have done with the federalist papers, i am also thinking about the 18th century americans were interested in preserving the liberty for which they had fought virtually loosely -- virtuously during the revolution. each individual state had specific needs and it is understanding why they had reservations about potentially sacrificing liberties to a central government. my question is, must americans be prepared to sacrifice additional liberties as our world becomes increasingly complex? thank you very much. peter: gregory? judge maggs: he has a premise on a question. i agree with the premise. one of the biggest concerns they had to address is now we will have a more powerful central government which means the states will be less powerful which means you might not have as much liberty as you might otherwise have. one of the biggest challenges the authors faced was how to explain that this was actually going to be an impr

there is no justice bridgewater, they spend 5 hours reciting her government's accomplishments. but she's the most unpopular leader in the america, with an approval rating below 5 percent. congress is equally unpopular, the better, but she doesn't represent us. she has a packs with congress, many of them delinquents, she's publicly lied during the corruption investigations. this is a dictatorship. 84 percent of peruvians want general elections. now. the 1st is pretty system against what if it came from bitterness most important religious authority, the archbishop of lima, loved it, her ministers, and other politicians. but this is not a democratic society. in his sermon, archbishop tablets castillo directly to con. it was political plus the most. i go to those who use and corrode the state by giving priority to their own interests, lives in institutional dis, loyalty. despite nationwide discontent, the streets remain mostly quiet except for a few protesters who say they are not afraid of a police correct down to club descent again essentially. so i'll just see that email still a

will dalio use bridgewater intellectual property?eft his hedge fund several years ago. a check on verizon shares this morning, down 3.3% in the premarket. second quarter operating revenue fell short of estimates. it saw few people -- fewer people upgrade their wireless equipment. the weak overall growth masks surprising gains in phone customers and broadband internet customers. verizon has been focusing on its fixed internet, which delivers internet over airwaves rather than lines in a home. jonathan: coming up, david george on how the trump trade could impact the sector and why he thinks that bank rally has gon too far too fast. ♪ this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo jonathan: the opening bell one hour and nine minutes away. equity futures, positive on the s&p, up 0.6% k let's get some morning calls. guggenheim sent crowdstrike neutral, the analyst s

dan is in bridgewater new jersey hope all the students are getting a strict credit for watching, go ahead the tremendous pleasure of knowing i don't to comment on the economics because to me economic system or written political science and cosmology. but what i would like to point out is they really care about the people on the short end of the stick. it's a vaccine probably talk about extensively. it's perceived by many people as a right wing person who did not care about others. they had the jewish ethic especially durghe civil rights era. stuart dan, how should the freedman's? >>i s at barkley and got all involved in that and i met him after that. >> are right thank you for calling in. there were other people who knew the freedman's, respected the freedman's this is from the c-span archives here are some well-known politicians talk about milton and rose freedman. >> a winner of the nobel prize milton freedman's technical mastership his profession is unchallenged. more central to his work is its moral component. an idea of human freedom in which man's economic rights are as vital to civ

we're going to move on and talk to mark out in bridgewater, massachusetts. mark, you're on c-span.lease get. caller: peter, good evening to you and good evening to your distinguished guest. professor homestead, i listen to some of the comments you were making about how you could find so many strands to talk about from in work by willa captainer and i wondered if -- cather and i wondered if it was possible that -- host: mark, go ahead, we're listening. caller: peter, i'm -- i was trying --ist trying to think about -- peter, can i call you back? host: no, you cannot. can you turn down the volume on your tv, please? go ahead and just finish your question and then we'll have professor homestead answer it. caller: ok, i just was curious that if willa cather had taken more of a satirical approach to her novel and rather spoke and -- narrative, she had been a little bit more conscious or made the readers conscious of the amount of lessa fair practices that were taking place on the plains that it would have been possible for her to reach out to an audience and prevent the possibility of cl

that led to bridgewater and and me getting a lot of attention. some of the attention was about our culture radical, truthfulness and radical transparency and clue and included some snarky stuff that wasn't true, which led me to put my life and work principles online which were downloaded 3 million times because many people found them helpful. that's surprised me. i became writer then from simon schuster called and he said, why don't you make it a book? and that the year that i stepped out of the ceo job, i decided pass along these principles that had worked for me. and so i put out the my first book five and a half million copies were sold 34 languages and people came up to me they still come up me all the time and they thank they which surprised me and and i never expected to write and to impact people this way. now that i'm nearly 75 and, you know, my last phase of life, i emotionally want to and logically need pass along what i have might be of value to others. i'm writing what i believe will be my last, which is about investment and economic

good my name is aaron bridgewater. i'm the ceo of a 27 year old s.f. founded skateboard company making boards for transportation, recreation. i'm an educator. and after care programs and sfusd teaching skateboarding for transportation . i'm an advocate for equitable laws for all small wheeled devices, a member of the policy working group for the walking and rolling plan, formerly the active communities plan, i presented to the sf cta as a subject matter expert on skateboarding for transportation, and i've spent countless hours in meetings like these with the police commission, private sessions with dpw engineers and commissioners, office hours with district nine supervisor mandelman, and regularly attend meetings with the city's slow streets stewards. two weeks ago, the mta refurbished its installation of botts dots on dolores, a clear indication of how this department intends to address the mobility of skateboarders and small wheeled modes writ large. deborah walker, chair of the police commission, said to me just the other day that stopping skateboar