brookfield has gone from, like, strength to strength. if i was a martian meeting you for the first time, how would you describe your company? bruce: we invest in, buy, and own the backbone of global economy. when the water gets delivered to your house, the roads you drive on, the pipeline that brings different things to your community, the telecom towers that transmit your phone, the data center, the real estate that you live in. it's what we own and build. so it's really what drives the economy, and you don't often see our name. francine: is that a good or a bad thing? bruce: you know, it's just because we are behind the scenes. but it is big with $1 trillion of assets almost. we are behind a lot of the things of the global economy. francine: so being low-key, do you think it gives you strength? bruce: we just try to be quiet and do our thing, and sometimes it helps, and sometimes it doesn't. but i would say, on balance, it has been good for us. francine: so, you have been in charge for 22 years at brookfield. bruce: yes, it seems like

francine: you have been in charge for 20 years at brookfield, two decades, over two decades.ou have grown the business by so much. what was the most difficult question about how to buy it? bruce: the world is changing all the time. if i went back, fully invested in then and now are different. telecom towers -- the business evolves and the backbone evolves , so it is a really interesting business to be in because you are always learning. francine: you do not want to invest in something that goes nowhere. bruce: we are always trying to understand where the future is going and how we invest with that. often it is listening to your counterparties, your partners and hearing what they are saying and what they want to do. we are the backbone behind local business. when they need capital, we find it. look, i would say we are always -- what are the themes? the digitalization of everything, the decarbonization of everything and globalization of everything are three mega trend themes that are going to be very dominant. investing for the next 20 to 30 years. francine: geopolitics is taki

months ago with a scientist, but billions now, trillions are expected and some residents of the brookfield zoo are actually kind of excited about it. you got monkeys, birds, and many other animals there who are like, hello, free snacks. num num num num num. right, andrew. >> wrong, danny. at least the cicadas are not here. all i have to say. and the lanternflies appear to be, you know, someone's going to come up with some recipes with cicadas in them, and i will seek those out. eat. i will skip those videos famously. timeline. >> those are andrew days. he gets to try this stuff. >> yeah. you. oh rhiannon for trying the mayo banana sandwich from a couple weeks ago. all right. how about this? >> because that wasn't a sandwich to a sky. a skydiver losing his phone at 12,000ft. wait, what? yeah. frank cardillo captured this video of his dive over zephyrhills, florida, showing the moment his phone slipped out of his pocket during a mid-air maneuver with another skydiver. >> just wait. though it wasn't gone for good. get this he used his find my device feature that provided him with coordinates

intel called that brookfield investment part of their smart capital strategy with more plans to use thaty, so apollo would fit that perfectly scott? >> all right perfection thank you. kristina partsinevelos >>> all right, mike, back to you, about two minutes, we're going to hear the sound effect in a second. this apple comeback has been pretty powerful. >> yeah, for sure. you know, it's very interesting, in that you have this sort of serial anticipation of all these develop developers conferences and all you have to do is be a little bit of a left behind stock and say the words a.i., and have it be plausible, and it does work it also feeds into this kind of, you know, leadership influx. so, you see tesla and apple up there today in terms of mag seven performance. you see meta and alphabet on the downside so, i think that's what's been going on in this mark. it's been grabbing for left-behind stuff because you had extreme outperformance by the highest momentum stocks into the highs in march in that five-month sprint, and to me, since then, it's been a real unwind of that i put the utility

is terrible reason actually, because what did this time this bill was a residential building to brookfield or like this time again? yeah. it's not more to do for you have to try. he's on the vessel and not a heating a cecelia stealing objects of this is what is happening. you know, what else i think the people or what, what version i say, or what's the date was still has this long range missiles, now they have the high rise and every time they do, the same thing is getting the sicilian areas and, and before they are losing on the battlefield, this is what we know the west is finally missing. that's they are to moment better . but still the west keeps also pushing in. i mean i just found out that there are no building on the ground, 6 res width and the secretary. so i mean their map this has no, i'm saying this and yeah, well, the ukrainian, so we know of they are, they have to snap see i deal a g m. yeah, big files is unions and there's something when actually is forbidden by international law. it's forbidden and how you conduct what i think i don't care what they just want to do is maybe

brookfield owns hydroelectric plants, cell phone towers, power

so tomorrow the planning commission is voting on the stonestown mall redevelopment by brookfield.plan is to bring over 2000 new homes to the stonestown mall, redevelop it, make it kind of an open air retail plaza, you know, with housing and transit and everything. and that's one of the very few mega projects that's actually moving forward in the wake of the pandemic. >> yeah, that area is hopping. look, we have 20 more seconds, so we don't really have time to get into. i know you also reported on something exciting in hayes valley, a multi-generation all tech campus. we'll talk about that another time. but laura waxman, it's always great to have you on. you always got great information for us. >> thanks for having me. >> thank you. and remember, abc7 news is streaming 24 over seven. get the abc7 bay area of experts from around the bay area. world news tonight with david muir is next. >>> tonight, several breaking stories as we come on the air. tornadoes touching down across several states. and the threat right now across multiple states. ginger will take us through it. >>> also br

the ceos of chevron, brookfield and ibm all kicks off in just a couple of minutes. believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. >>> good monday morning and welcome to "money movers." i'm sara eisen, live from the milken institute's global conference in los angeles. carl quintanilla with me from the new york stock exchange. chevron ceo mike wurth is here, the outlook for demand, and brookfield asset management's lays out how he's deplaying more than $900 billion in assets. and a big hour coming up from l.a. >>> let's begin with the markets. dow up 100 points, s&p back above 5150. first time since about the middle of april. although we've been in an extremely tight range since the open. let's bring in our senior market

meantime, the brookfield zoo chicago is welcoming two new additions, a pair of koalas. for the first time in its history, brumby and william will make their public debut later this month. and it got us thinking just what makes koalas so special? our friend erin mclaughlin explains. the koala, one of the world's most famous species, can be found in the wild of australia. koalas are related to kangaroos. they're not bears, they're marsupials. koalas are often referred to as koala bears because they look cute, like a teddy bear. however, they are actually marsupials, which means that the females raise their offspring in a pouch. did you know a newborn koala is called a joey and the baby stays in its mother's pouch for several months after birth? the san diego zoo in california has the largest collection of koalas outside of australia. here in san diego, we have a climate similar to their native australia. koalas live high up in the trees. what do they like to eat? eucalyptus leaves. we can grow all of the eucalyptus that these koalas need to survive, but the eucalyptus tre

hi julia adams with brookfield.e project sponsor, so most of the, parking is a surface parking lots, and that will be transformed into the housing development that surrounds the mall, there is an underground garage currently, and we are maintaining that. so that's 250 spaces and also extending it as part of our, parking plan. so is it fair to say that all the parking that's there now is going to be preserved in the new development in some form or fashion? you're not reducing the total amount. we are reducing the total amount. we're putting, parking into the base of the residential buildings that we're building, we also have a garage in the north of the site, but all of the surface parking lot goes away and will be rebuilt as housing and structured parking instead. so it's being converted from. if i may jump in, if we're talking about residential parking as well, there is an increase in the what's out there today. how much of that will be preserved and how much new parking you're building for the housing development.

and some of the animals chicago's brookfield zoo have been enjoying a bit of variety in their diet.rst time in 17 years, footage from the zoo shows animals including cotton, top tamarins near cats roadrunners and others challen down on this rarely seen tree in looks like they're having a really good dinner there to brood of cicadas are emerging at the same time. this is the first time this has happened since 18 0, 3, and the philadelphia zoo celebrated yuki the snow leopards 9th birthday with a snowy and sweet themed party. look at that. zoo. staff prepared and ice cake made of frozen milk and water along with a huge ice toy for up as part of the cats special enrichment activities for the day. happy birthday up. and that will be all from the newsroom today. thank you so much for joining us here on fun. 4 news at noon i'm stephanie lin. and remember to take good care of yourselves and enjoy this nice weather. >> live in the days next. looking for a smarter way to mop? try the swiffer powermop. ♪♪ an all-in-one cleaning tool, with a 360-degree swivel head that goes places a regular mo

ambassador and releasing new collections that celebrate her throughout the rest of 2024 animals at the brookfield zoo in chicago are benefiting from this year's history doric cicada emergence, the nightmare continues and enjoying the insects as a tasty snack. oh wait, this is a good news story. thank god. averagin paid to dogs sloppy bears, and brown bears are just some of the animals who have been feasting on the protein-rich street the cicadas are appearing to fold this spring if you have if you would involved on social video yeah. you know, i'm obsessed with this because of rare emergence of two types of cicadas all emerging at the same time, billions of the insects are expected to take over and swarm eastern parts of the united states, including all cities. on, i'm just going to say all cities and you have been warned and you should be terrified john, as you do know, kate, it tastes like chicken delicious all right. i do need more protein in my diet. >> this morning new warnings from department of homeland security against the dangers of ai, specifically the ability to interfere with election

brookfield properties is proposing to enter into a development agreement with the city to develop 30 acres of surface parking excluding the existing gallery into a primarily residential neighborhood with parks and plaza, community amenity space and office and structure parking which will create a new town center where the community will which have and shop and play. this is ray goo opportunity to convert these parking lots into residential units. the project will also bring realignment of 20th avenue to provide neighborhood commercial services. the project will implement nearly six acres of privately maintained parks and open spaces and construct above ground parking and provide bikeway and pedestrian improvements. the community played a huge role in shaping the design of the project. the neighbors have generally been supportive with primary concerns centered around the impacts of increased density and impacts to traffic. to address the concerns, the project has evolved. enhancing connection with recreational aspects. site circulation, better accommodating parking and loading and mit

it reminds me of the deal we saw from microsoft, which is investing $10 billion with brookfield to develop of just how much money we're talking about? >> i think we're early in the process. you should think of this as a framework for customized solutions for those customers coming to our area. and it can take a variety of forms. it could be direct investment. it could be innovative financing opportunities. so, the specifics will be ironed out in the weeks and months ahead. i think what this demonstrates, though, is the willingness of partnership between duke energy and these customers to find a way to fuel the growth, but also lower the cost of clean energy technologies over time. >> so, it's david. you say you're working together. i assume you have plans, then, to meet? obviously, this is just an exploration. you've made that clear. it doesn't necessarily mean you're going to get to some sort of conclusion of some big answer. >> david, we've been working for a long period of time. as i said a moment ago, existing customers at duke, we've had a relationship for a period of time. so, our ho

intel doesn't have the ability to do it on its own and i would reference august of 2022 in which brookfieldone of the giant alternative managers we talked about, leased with some frequency -- we should talk about them as they start to dominate the financial landscape, but they did a deal with intel in which it provided $15 billion for a 49% stake in their manufacturing campus in champion, arizona. so intel retains the majority position of 51%, but this is how they bring in the outside capital. and then you basically split revs coming out of this thing once it's up and running so it's a model that has been potentially rep play indicated by apollo and intel for this facility in ireland. >>> guys, we've got one that's going private. squarespace. what's interesting here, a couple of different things one is when you take a look at squarespace, it went public about three years ago. it's gone below. it's not alone, jim. there are a number of companies. endeavor comes to mind they were public before they said, we're done with this public thing and we're going back to private hands. >> squarespace,

wade brought up brookfield and gay marriage suggesting he'd want to take another look at that and questions wanting to look at brown v. board of education. what are your feelings about justice thomas? >> justice thomas has long lost his credibility in terms of an impartial figure interested in liberty and just is for all. equal protection under the law. it's important for the american people to understand that if roe v. wade can fall, anything can fall. social security itself can fall. medicare can fall. the affordable care act can fall. democracy can fall. brown v. board of education can fall as justice thomas made clear in his concurring observation and opinion yesterday. so everything we care about is going to be on the ballot in november. including getting the federal judiciary into a place where it can actually administer the law and not lead an ideological effort to jam their right-wing views down the throats of the american people. >> leader jefferies, if justice alito does not recuse himself and is part of the court that rules on former president trump's immunity case which is set t

. >> bruce flat, ceo of brookfield asset management was on, he's got businesses everywhere from credit to renewables, to retail to commercial real estate and i thought he actually was more optimistic than i've heard him in a while i specifically asked him if he thinks we have an inflation problem and here's what he said on that. >> i think inflation was last year's story like it stalled. it's going down. the trend is down. the markets are coming back. what indicates to us is, liquidity is coming back in the markets and every mojts for 12 months, liquidity has been coming back. that drives more thransactions, activity, it drives buyers and sellers together, so the world is opening back up after a tough 24 months, and it's getting better. >> feel good effect of lower rates helping drive liquidity and deals and transactions and ca capital markets activity he's got a pretty good view into that i thought that was notable as well and then, you know, you just hit on it, but the political conversation. >> yeah. >> front and center ahead of the election what are you hearing >> i mean, again, i

brookfield has a slightly higher valuation and manages $525 billion.ve a challenge this year. global shares are up for premarket trade, following a report that sky dance and a sweetened offer for the company. the paramount committee is set to look at the offer shortly. sony, apollo, warner bros. discovery, brian allen, all expressing interest in paramount. the nba finals matchup is set. the mavericks took the series in five games with a statement performance from their star duo. they will be facing the boston celtics, who are coming off of their sweep of the pacers and that series kicks off in boston next thursday. that is your brief. jonathan: we will catch up with you in about 30 minutes time. up next, central-bank convergence. >> they will need more rate cuts than the u.s.. it does add to the attractiveness. jonathan: all of that, coming up. this is bloomberg. ♪ jonathan: equities on the s&p 500 pulling negative here by one third of 1%, yields higher by a single basis point. under surveillance this morning, diverging paths. >> the general perspectiv

ap gov in brookfield east. i also want to thank ms. cavaluzzi for taking the time to help us today.lutely my pleasure. host: go ahead, sunshine. sunshine: it's funny. i just wanted to mention because it pertains to this idea of congressional leaders and i did not say before and i want to make sure everybody hears it. when you get a term and the free response questions, you want to make sure you can define the terms. you guys have done a great job defining divided government and you know what congressional leaders means. when you see a term like that given to you in the question, to find it in your answer before you start answering. make it clear that you know what you're talking about before you go on. if you get a question like, you know, how does a linkage institution affect the political process? you want to do exactly what we heard done earlier in the program, define what a linkage institution is, maybe even give an example of it and then go into your answer. just show that you know what you're talking about. if you see congressional leaders, congressional leaders such as a spea

ap gov in brookfield east. i also want to thank ms. cavaluzzi for taking the time to help us today.tely my pleasure. host: go ahead, sunshine. sunshine: it's funny. i just wanted to mention because it pertains to this idea of congressional leaders and i did not say before and i want to make sure everybody hears it. when you get a term and the free response questions, you want to make sure you can define the terms. you guys have done a great job defining divided government and you know what congressional leaders means. when you see a term like that given to you in the question, to find it in your answer before you start answering. make it clear that you know what you're talking about before you go on. if you get a question like, you know, how does a linkage institution affect the political process? you want to do exactly what we heard done earlier in the program, define what a linkage institution is, maybe even give an example of it and then go into your answer. just show that you know what you're talking about. if you see congressional leaders, congressional leaders such as a speake