sonali: that is the ceo of carlyle, just over a year into his tenure as the sole ceo.ope to talk to you again soon. guy: as sonali just said, the ceo of carlyle speaking as part of day t of the bloomberg investwo -- day two of the bloomberg invest summit. it is a fantastic lineup. all you have to do if you are a terminal subscriber, live . some really solid guests being lined up for that. the politics obviously is something the market is having to deal with right now. it does seem as if energy prices are may be taking attention today, but this issue surrounding what is happening with the debt ceiling is a looming problem for markets, which at the moment seems to be taking it in their stride. but as we know, markets can only focus on one thing at one particular moment. alix: so many jokes about being a manna not being able to multitask with that, but i will say what i found interesting, you could hear it throughout the rest of the lineup, corrections or healthy in taking things in stride, particularly when it comes to china. you haven't really heard anyone say i am

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the milken institute in l.a., we will be speaking to scott minerd of guggenheim, mark jenkins of carlyleguy: the story around inflation absolutely front and center. we've got it all covered here yet bloomberg's abigail doolittle is talking about the earnings story today. we also need to focus on this proshares bitcoin etf or get is it really a bitcoin etf, or a futures etf focused on the price action? it is a big day. and joe mathieu is looking ahead to where we are with the president's economic agenda ahead of his meeting with house progressives, which is going to take place a little bit later on today. let's kick it all off. let's talk about where we are. how this earnings story is translating into markets. abigail doolittle, over to you. abigail: we have the s&p 500 up slightly, but lots of laggard stocks are down on earnings reports, in contrast with the banks last week. we see philip morris sinking ever so slightly. -- sinking, ever so slightly higher. material costs and shipping costs way nonprofits, and they had to raise their forecast for materials and shipping costs to $2.3 bill

sonali: we know that carlyle consists of the world's largest private equity fundraising so they are starting to put work in. they are ready to buy the dip. romaine: interesting speaking to these people. a lot of them talked about the idea of taking risk in an area where we may have an economy that i hate to use the s word that you used, stagflation, but more reasonable economic growth. we are starting to see prices rise and what does that do to asset allocation, and that framework, particularly when you are so use to framework where you have the support. caroline: maybe it is what everyone takes them warren buffett and john rogers, it does not matter if you are a value or growth stock investor, you have to have a little greed when others are fearful. we will take that. sonali: this idea of classic valuation coming back in a market dominated by day traders and meme stocks for so long, but as the fed starts to taper, does reality start to hit harder? the stagflation or just this idea of a decelerating economy. romaine: taylor used to be my adversary on inflation, now it is stagflation, carolin

and to be the ceo of the carlyle group if you want the nomination of liver state like virginia you doingy well in the general election and the governor has not yet announced his plans but it's a good chance he runs for the senate so republicans have avoided in that state compared to others so look at the day picture with easier to windows states to go through new hampshire and nevada but the states like arizona and georgia would be lower because of the candidates. >> when the last time we did not have a wave election? i have discovered politics since 2004 most every election if you go back and forth because people have said they are dissatisfied. and with b the rack war and hurricane katrina and distressed the government to do its job you the same complaints was 15 or 20 years later the public is dissatisfied with both parties and leadership and then that is the case. >> and wording keyport new jersey. i wonder if we are getting an accurate picture to be anti- science. and then to get onstage the if push comes to shove that may omotivate people but that's my comment. thinks. the leadersh

yvonne: that was the carlyle group ceo joining us.inue to see risk assets outperform on the back of hope that potentially we will see a xi and biden virtual call. of course, progress when it comes to the debt ceiling impasse in washington, 1% gains in taiwan, hsi up more than 550 points. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (announcer) if you've struggled to lose weight, you might think you were born with a slow metabolism, but what you may have is insulin resistance. fat becomes trapped inside your body and it becomes very difficult to lose weight. now there's golo. golo works to reverse the effects of insulin resistance, increase metabolic efficien

earlier today he sat down with david rubenstein, cofounder of the carlyle group, at the economic clubshington, d.c. to discuss whether he supports the 15% minimum corporate tax. sen. manchin: we are going to do a deep dive and we should do a deep dive and that is why i have always said, when you do reconciliation in such a manner that is partisan, you don't go through regular order, doesn't go back to the committee, there is not a hearing, you don't have a chance for you all to come testify and tell us what is working, this could have this ramification, did you think about this. we don't have the professionals. basically you have a few staff trying to put things together and massage at the way they want it. i thought that wasn't a good way. do i think i know? i don't know. i went 25% on corporate net, 28% all in, got rid of carried interest. you have been hearing this wealth tax has got everybody excited to a certain extent. the only thing i said about taxation is it should be fair. david: the wealth tax, in your view, is something you support? sen. manchin: i haven't seen text on it.

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:

platform if you have a long-term orientation. >> that was our exclusive interview with the ceo of carlyleet's get to the first word headlines. >> g20 leaders are preparing to stop funding coal-fired power plants, according to a statement. they are still wrangling over climate objectives crucial to keeping temperatures in check. the draft document refers to the existential challenges of climate change, but it's countries room. all u.s. employees will be in vaccinated -- vaccinated against covid-19, federal contractors, submitting vaccination proved by december 8, and those who comply will receive $200 as a thank you. a memo sets january 14 as the final cut off. beijing city will join a trial program aimed at eliminating hidden government debt. sources join other provinces. authorities elevated off-balance-sheet borrowing to a security issue this year, indicating determination to curb unregulated lending. sources say some holders of a china ever grande bond have received no reduced payment, the second time this month the troubled developer has stopped a default. seller notes remain at the s

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

haidi: the carlyle group ceo speaking at the bloomberg invest global conference. the markets. sophie: we are seeing asian stocks -- energy names are being led lower today. supply concerns are using which is weighing on crude prices. overton tokyo, electronics helping lift. the kospi rebounding more than 1%. institutional buyers are returning to the fray with samsung having one of the biggest use. flipping the board, [indiscernible] vaccine related names are falling after studies he -- was cut to equal weight amid safety concerns. overton sydney, we are seeing retailers jumping the most in 14 months. [indiscernible] the reopening gather strength, consumers are ready to spend going into the holiday season. shery: let's turn to some shopping in china. numbers for second biggest travel holiday are out, and the message is clear, covid restrictions way on tourism. kathleen hays is here with the numbers. not that much of a revenge shop. kathleen: it's a big deal. golden week, lunar new year. people travel and spend money. in fact, if we look at the numbers, if you look a

the carlyle group believes firms are under investing in china. at the invest summit, the ceo said many corporate and investment leaders are under exposed the china market. they added the regions markets have always had what he calls short-term bumps and investors should take a long-term view with china. >> the question is not should i be investing in that region or not, it is really what is the best way and how should we be doing it? in my mind, i think there is more opportunity in that region of the world than not, especially since valuations have corrected in that part of the world. su: finally, travel during china's golden week, national vacation down by a third of pre-pandemic levels. certain virus outbreaks way on tourism and spending. the number of trips taken on china's transport networks tuesday was below levels seen in 2019. officials have revised against unnecessary challenge and gather -- travel and gathering for their most important holiday after lunar new year. global news 24 hours a day, on air and on bloomberg quicktake, powered by

sources say carlyle group and others are considering a taiwan operation.ompany jumped on the report. its value is seen to be at least $1.9 billion. other potential buyers include blackrock and kkr. coming up in the next hour, is the worst over for the semiconductors? our guest joins us. that is it for "daybreak: australia." "daybreak: asia" is next. keep it right here. this is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. ♪ shery: good morning. we are counting down to the major market open. welcome to daybreak: asia. top stories, asian stocks dipping. wall street delivered a mixed verdict on big tech reports today. u.s. dance china telecom over national security risks an

the carlyle group believes it firms under investing in china speaking at the bloomberg summit, the ceo said leaders are under exposed to the chinese market. he added the region has always had what he called short-term bumps and investors should take a long-term view. >> the question isn't should i be investing in the region or not, it is what is the best way and how should we be doing it? in my mind, i think there is more opportunity in that region of the world than not, especially since valuations have corrected a bit in that part of the world. juliette: global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: juliette saly in singapore. coming up, investors remain on edge as they grapple with an array of risks, including monetary policy tightening to tackling price pressures. and the impact of global energy crunch. we will discuss all of that. later in the show, we will hear from u.s. secretary of state antony blinken. he spoke to francine lacqua, saying china should ceas

you saw that move with mark rowen over at apollo, the chief at carlyle, and now joe bae and scott nuttallaking over at kkr. in 2017, these two men were named copresidents and were signaled to be the next leaders of the firm, so this is something we have known for a while, but certainly the stock has done extraordinarily well in that timeframe. this year alone, the stock has risen about 65%. so certainly, kkr on a tear. they are also moving to a one share, one vote structure. these firms are also creating a more shareholder friendly business as they change what they look like inside in terms of leadership. alix: sonali, thanks a lot. let's get to my special place. energy is looking to kick off the week on the front foot. we mentioned brent. calls coming out for $90 a barrel. abigail doolittle is digging through some of those moves. abigail: lots of green on the screen for the commodity comp >>. starting out with the underperformer, gold, which is up nonetheless, 0.1% per get aluminum on fire, aluminum and copper. take a look at thermal coal, up about 9.7%. this as there are more coal plant

profit i was here working here to create good paying jobs he was making billions of dollars at the carlylehurting seniors with medicare and the dental clinic we will not have that here. >> creating jobs is a lot more than flying around and holding press releases. terry mcauliffe had one.2 million dollars taxpayer money to pay to a chinese website that turned out to be a sham and all you did was have a press conference in flight to china to celebrated losing one.$4 million of taxpayer money and no job showed up i'm proud of carlisle that mostly that when things did not go right and things were not where we planned we worked hard to put them right tens of thousands of employees working for companies. >> i have a quick 30 seconds you both live and wealthy neighborhoods and then how do you convince affordable housing should be built in their neighborhood and they don't fight it because they're worried about property values? thirty-second. >> everybody here in northern virginia understand desperately people who work here they shouldn't have to drive two hours to work every single day work with

the sales helped drive carlyle's distribution earnings to a record beating estimates.lobal 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. ♪ >> so q4 should be much better now. we should see an increase of semiconductor supply basically quarter after quarter. tom: matthew miller in conversation with mr. diess of volkswagen on the manufacturing challenge. we've got so much going on this morning. we've got lagarde in 12 minutes. we've got michael mckee with economic data. we thought maybe would take a breath right now and talk to an adult on tech. there is too much talk that i think is off the mark. you do not get off the mark with angle flax, senior research -- with daniel flax, senior research analyst at neuberger berman. dan, what does the street get most wrong about apple and amazon? daniel: good morning. i think what they get wrong or underappreciated with apple is just the extraordinary pace of innovation we have seen for decades, if you think

on private equity, we thought at carlyle, ppg, apollo, not kkr. henry kravis, 77, george roberts, 78, two of the founders of this company, stepping aside for new leadership. tom: henry doesn't like to get up early in the morning. roberts is even worse. but the bottom line is, these are two giants. it is not what they did get it is the win of kkr. long ago and far away, it was original. jonathan: and the likely successors scott nettle and jove a -- and joe veigh taking over. there's one left there, schwarzman. tom: it is a generational thing. you can talk about the entertainment of succession and the rest of it, but the bottom line is time is marching on, and a lot of good people are trying to get on. i give kkr doing this over a number of years. jonathan: there's a lot of effort here at bloomberg to put this story together. we need to talk about this market. we can do that with mark howard, bnp paribas microstrategy director. right now we are -- perry barre -- bnp paribas macro strategy director. mark: thanks, jon, and good morning, everyone. we a

he was co-finance cochairman of the carlyle group, the world's largest and most successful private investment firm. in spring 2020 he was joining us at the reagan library for in-person event for his new book how to lead. with the covid event that was not able to happen. we reached out. during today's conversation he shares have the book is published some of our nation's greatest minds to explore the inspiring story of america including

race on tuesday night, with virginia terry mcauliffe and glenn youngkin who spent 25 years with the carlylee said it was certifiably fair. he seems in step with donald trump and his base. he has to be. he ran this ad where a mother complains a book her child had to read for school without revealing the book was the pulitzer prize winning "beloved" by tony morrison or that her child was a high school senior taking advanced placement class. youngkin has gone out of his way to strongly hint there could be foul play in the virginia election. he's called for audit and has a section of his website calling for pole watchers and election integrity which is a code word. many heeded the call. an army of so-called republican pole watchers expected to turn out in the state. lisa lair has been covering this. she joins me now. lisa, i wanted to start on a meat and potatoes question. i have followed it and not closely and i'm not a virginian. people talk about youngkin and education being important. i was on the website going through. is there an education proposal or platform plank that's not about the c

he was co-finance cochairman of the carlyle group, the world's largest and most successful private investment firm. in spring 2020 he was joining us at the reagan library for in-person event for his new book how to

former governor terry mcauliffe, a democrat, against republican glenn youngkin, the former ceo of the carlyleld largest private equity firms. vice president kamala harris will campaign in norfolk, virginia, with mcauliffe today. former president trump is planning to hold a tele-rally for youngkin on monday. biden campaigned with mcauliffe earlier this week and warned youngkin was an extremist in the vein of former president trump. pres. biden: extremism can come in many forms. it can come in the range of a mob driven to assault the capitol, it can come in smile, a fleece vest. amy: youngkin has campaigned in part by vowing to support so-called "parents' rights," which has become a catch-all phrase to describe right-wing opposition to vaccine and mask mandates, trans rights for students and critical race theory. there has even been a firestorm in the virginia race over the teaching of toni morrison's acclaimed novel "beloved" in schools. we will look at that in a moment. but first, we are joined by julia manchester, the national political reporter for the hill who has been covering the virgini

. >> joe manchin is speaking, he's in an interview with david rubin style, co-founder of carlyle. president of one of the biggest private equity firms. talk about this billionaires tax. this is kind of nonsense. they are being taxed on this income. people this wealthy pay themselves a tiny amount. this is not a wealth tax. this is another giant loophole they can swan dive through. >> you're right because senator warren talked about a wealth tax. >> that's not what this is. that's not what this is. >> senator widen lectured us yesterday saying this is a billionaire income tax. the way they're structuring it now, we have not seen paper on it yet, if you reach a certain income level over three years or your wealth is over a billion dollars for three years, you would pay a certain tax. >> there's always sorts of legal questions about it, whether it's constitutional. the chairman of the house ways and means community is not sure it is. the democrats like their plan. they want to raise individual rates and the corporate rate. that's what they would like to do. until we see the senate pl

he was co-finance cochairman of the carlyle group, the world's largest and most successful private investment firm. in spring 2020 he was joining us at the reagan library for in-person event for his new book how to lead. with the covid event that was not able to happen. we reached out. during today's conversation he shares have the book is published some of our nation's greatest minds to explore the inspiring story of america including conversations madeleine albright on the american immigrant, ken burns anwr come walter isaacson on innovation just to name a few. we invite you to enjoy our virtual program with david rubenstein, two from our leadership academy of office during a conversation by reagan foundation institute executive director john heubusch. >> it is a real privilege to be with david rubenstein this morning, who has written some remarkable books. i think this is your third, david, "the american experiment" is outright? >> that's correct. >> a real, real terrific study of some americans have been successful across so many fields, and what i loved about the book first to say, david

the carlyle group under investing in china, speaking at the bloomberg invest summit, many corporate leaderssed to the chinese market. investors should take a long-term view. >> the question is not should i be investing in that region or not, it is what is the best way and how should we be doing it? in my mind i think there is more opportunity in that region of the world than not, especially since valuations have corrected a bit in that part of the world. laura: the easing of covered restrictions in the u.k. is turbocharging jobs. 800,000 new jobs are posted, marking the busiest month since at least january, 2014. third-quarter postings more than doubled compared to last year's level. tom: good news for london. boris johnson skips over the u.k. economic troubles to close out the tory party conference. is his sales pitch for a new britain no substance? this is bloomberg. ♪ >> conservatives -- it is the first time since the general election of 2019 when we finally took that cosmonaut into orbit where he belongs. we sent top representatives to show that anyone could do it perfectly safety. when

. >> i'm hosting snl this week with brandy carlyle. >> we're going to kill it. >> be so fun. >> you'reifest it. >> this is the first time for him to host snl but he was a cast member from 2005 to 2013 and worked as a sketch writer on the show for two years before that. you can catch "saturday night live" tonight, saturday, at 11:30 right here on nbc. i can't believe he's never hosted before. >> it's hard to believe, really good stuff but it's about four hours past peter's bedtime. but he's a favorite. >> no doubt. i'm looking for a roy camp cameo. hopefully a good ted lasso moment tonight. >>> the budding relationship between a little boy and his neighborhood sanitation worker. we're bark with their story after this. let me get this straight. you've got an a.i. strategy to deliver a better customer experience, that will help us retain our customers and even grow our business? how much is this going to cost? here's the figure. 59. 59 million? no, five9. as in five9 intelligent cloud contact center. they won't just power our transformation. they'll fund our transformation. yes, yes! exac

meanwhile, glenn youngkin does have experience as a ceo of carlyle group and he has a political actionhe is also walking in with the republican party flipping the house of delegates as well. fiifi party flipping the house of delegates as well. ok, charlotte woods, delegates as well. ok, charlotte woods. thank— delegates as well. ok, charlotte woods, thank you _ delegates as well. ok, charlotte woods, thank you very - delegates as well. ok, charlotte woods, thank you very much - delegates as well. ok, charlotte woods, thank you very much for| delegates as well. ok, charlotte - woods, thank you very much for that, when is the election?— when is the election? nobility second, when is the election? nobility second. but — when is the election? nobility second, but voting _ when is the election? nobility second, but voting is - when is the election? nobility second, but voting is under i when is the election? nobility i second, but voting is under way when is the election? nobility - second, but voting is under way ok, second, but voting is under way 0k, will perhaps dip into that, but thank y

the adam:s which will appear across social media underscore his ties to the carlyle group, where he workedal thank you so much let's check in with senior meteorologist janice dean for a fox weather forecast hi, janice. >> good morning, ainsley. grey skies in the northeast, temperatures are cool and we are dealing with some showers and thunderstorms across portions of the southeast and the mid-south taking a look at those maps right now. temperatures in the 60s, we have colder air coming in from the west as well, but between those two air masses, across the east and the west, very warm temperatures for the central u.s.. showers and thunderstorms across the gulf coast, bringing the potential for flooding, flash flooding unfortunately for parts of alabama and georgia , up towards middle tennessee because they have had record setting rainfall over the last couple weeks and they really don't need to see more rain, so just know what to do if you have a flood watch or warning in your area because that can come very quickly. across the west we have showers for the southwest and northwest and even