. >> when we come back, we will speak to david rubenstein of the carlyle group. guess what else -- big picture. wants to getax home theaters to be imax. >> this is "market makers." we are live on bloomberg television and streaming on your phone, tablet, and on bloomberg.com. ♪ >> welcome back to "market makers." i am erik schatzker here with stephanie ruhle in davos, switzerland, a quaint mountain village turned into perhaps the most powerful place on the planet for the world economic forum, and one of those powerful people is with us. david rubenstein, founder of the carlyle group. you are a billionaire, a philanthropist. this place is full of billionaires, but some of them are not so philanthropic. what are you going to do about that? >> i do not think i can control what other people do with their money but i think it is important that people who have a fair amount of money do something useful with it other than buying homes or jobs. . think -- yachts i think he will need to get back to society and there is a launch that bill gates and i are posting for people

wall street washington world valving door is spinning like a roulette wheel and it looks like the carlyle group is cleaning up thanks there new acquisition i'll tell you. it's going to wear later on in the show and you never judge a book by its cover or maybe a company's stock by the pretty face of its c.e.o. well apparently having a good look at the helm is also good for business but dumpers is and i just got this in today's big deal coming up and it all starts right now. now on monday janet yellen makes history by becoming the first woman to chair the u.s. federal reserve now a senate vote set for five thirty pm in washington d.c. will usher in the sixty seven year old who has served as vice chair of the fed since twenty ten now seceding ben bernanke you whose term ends on january thirty first yellen has been an unwavering advocate of the fed's aggressive steps to boost the u.s. economy by way of quantitative easing now gallons of main task as chairwoman will be to navigate the central bank away from its current bond buying program now despite yellen why it spread support among economists tru

wall street washington world valving doors didn't like a roulette wheel and it looks like the carlyle group is cleaning up thanks there new acquisition i'll tell you who's going to where later on in the show and you haven't judge a book by its cover or maybe a company's stock by the pretty face of its c.e.o. well apparently having good looks at the helm is also good for business but dumpers is and i just got this in today's big deal coming up and it all starts right now. now on monday janet yellen makes history by becoming the first woman to chair the u.s. federal reserve now a senate vote set for five thirty pm in washington d.c. will usher in the sixty seven year old who has served as vice chair of the fed since twenty ten now seceding ben bernanke he whose term ends on january thirty first yellen has been an unwavering advocate of the fed's aggressive steps to boost the u.s. economy by way of quantitative easing now guillen's of main task as chairwoman will be to navigate the central bank away from its current bond buying program now despite yellen why it spread support among economists

the wall street washington world valving dora's been like a roulette wheel and it looks like the carlyle group is cleaning up thanks there new acquisition i'll tell you who's going to where later on in the show and you haven't judge a book by its cover or maybe a company's stock by the pretty face of its c.e.o. well apparently having good looks at the helm is also good for business but dumpers is and i just got this in today's big deal coming up and it all starts right now. now on monday janet yellen makes history by becoming the first woman to chair the u.s. federal reserve now a senate vote set for five thirty pm in washington d.c. will usher in the sixty seven year old who has served as vice chair of the fed since twenty ten now seceding ben bernanke you whose term ends on january thirty first yellen has been an unwavering advocate of the fed's aggressive steps to boost the u.s. economy by way of quantitative easing now guillen's of main task as chairwoman will be to navigate the central bank away from its current bond buying program now despite yellen why it spread support among economists

we questioned david rubenstein of carlyle group. >> i don't think i can control what other people do with their money but i think it's important that people who have a fair amount of money do something useful with it other than just buying homes or yachts are things like that. at some point in life, people realize they need to do something to give back to society. there is a lunch that bill gates and i are hosting for people who have assigned the giving pledge and people who might sign. had that laster and it worked quite well and i am hopeful -- >> how many people do you think you can recruit? what is the living pledge? >> it is something that bill and melinda gates put together with warren buffett to get certain people to give away during their lifetime or death at least half of their net worth. it has now about 120 people who have signed up to do so around the world, most of them in the united states. we are working to get people outside the united states to do so. the latter pay is more of a u.s. occupation. -- philanthropy is more of a u.s. occupation. we are making progress. >>

wall street washington world valving doris didn't like a roulette wheel and it looks like the carlyle group is cleaning up thanks there new acquisition i'll tell you who's going to wear later on in the show and you have a judge a book by its cover or maybe a company's stock by the pretty face of its c.e.o. well apparently having a good look at the helm is also good for business but dumpers is the not discuss this.

wall street washington world valving door is spinning like a roulette wheel and it looks like the carlyle group is cleaning up thanks there new acquisition i'll tell you who's going to where later on in the show and you better judge a book by its cover or maybe a company's job by the pretty face of its c.e.o. well apparently having been looked at the helm is also good for business but don perseus and i discuss this in today's big deal coming up and it all starts right now.

. >> taking a look at the stock for carlyle group, it is up today, marginally higher.closer to eight percent for public investors of carlisle. they are not against the outreach to the so-called reach out consumer. >> very much in favor of it. this is something -- over the last year we have seen private equity, publicly traded private equity trade up significantly. blackstone went public in 2007 at $31 per share and in the past few weeks it has eclipsed that figure for the first time. and that is by virtue of almost doubling over the past year. the big story behind that is their ability to get into businesses that are not private equity, that are a bit more predictable and are therefore drawing more and more investors into their stocks themselves. the stocks that are traded on the stock exchange, and in carlisle's case, on the nasdaq. more and more investors are piling in to get a piece of whatever magic they seem to be working, not just in private equity, but in areas like hedge funds, real estate, and soon mutual funds. >> worth paying attention to, after all. jason k

federal communications commission is starting a new job at the secret of private equity firm the carlyle group. the ex-president's club has included a long list of powerful figures, including both bush presidents. carlyle owns a majority stake in booz allen and. julius genachowski, who led the sec for four years, will serve as the managing director and partner, specializing in telecommunications. and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. yearly 1000 same-sex couples have tied the knot in utah since a federal judge struck down the state's ban on gay marriage late last month. the ruling by district judge robert shelby had been the first to overturn a state gay marriage ban since the supreme court's themark decisions against defense of marriage act and california same-sex marriage ban last june. over the past few weeks, utah court houses have been the scenes of jubilation for lgbt couples and the movement for marriage equality. these are two of the newlyweds. don't think it will change day-to-day life for us, but it i

privatized if of a private defense contractor booz allen hamilton that at one time was owned by the carlyle group at one time was own in part by the bin laden family and you know you see absolutely no coverage of that that seventy percent of the n.s.a.'s budget is big corporations in some cases corporations with foreign ownership or partial foreign ownership that that have a lobbyist in washington d.c. that are that are lobbying for more you know more business for their corporations it's like with the private prison industry you know it's something that should be the commons that should be you know i mean we all want good spies right you know competent spies the do we want seventy percent of the budget to just be basically enriching fat cats that's something that the mainstream media isn't good at but i saw in an independent media outlets there was a lot of scrutiny after snowden surface of who are these companies that are making so much money from surveillance and as you say seventy to eighty percent of the intelligence budget it's money from we the taxpayers that goes to these private companies

know what's his name edward snowden worked for brazil in hamilton which was zoned in part by the carlyle group which was on in part by the bin laden family and you know at what point does does to our head start to explode you know that seventy percent of the n.s.a. budget is in private hands and those private corporations aren't constrained by the constitution the way the government is. what we do about this like what i think what's what's particularly scary is a lot of the debate surrounding the n.s.a. spying has been about limiting the power of government which is obviously a good good thing but at the same time you've seen a lot of conservative groups and far right libertarian groups use it as a stalking horse to push anti-government anti federal legislation i mean one of the the was. bills that was a bill was put forth in california a couple weeks ago that would have a century california secede from any relation to the n.s.a. whatsoever but is being pushed by the tenth amendment center which is a right wing group that wants to know i basically just write for people who are who are saying y

friend from the carlyle group was here telling us that are askinghat lp's for is that portfolio companies want you to think about the way that they are managed differently than job creation. they are part of the calculation when it comes to managing them. do you get that from your lp's as well? the same for general electric or any responsible group of people who are controlling assets. we have 80 companies just in the private equity area. forgetting all the other things we do. with 740,000 people working there. $120 billion of sales. we try to manage our companies to best practices. >> how much more complicated has it become to manage risk in the last five years? you have so many different businesses. how do you have your hands in all of these pies? when banks do it, they get in trouble. >> we figure out a system that manages the firm like a small business. we do that through the use of technology. if you just take the real estate business for example. every monday.ing it lasts for 1.5 hours. firm,e every part of the whether london and mumbai or hong kong or other cities. they are tied in

know about this, johnson & johnson announcing they officially signed a binding offer with the carlyle groupagnostics? >> yes. >> if they accept the offer the proposed transaction is expected to close toward the middle of the year. >>> up next, best buy shares are trading sharply lower today. the retailer says holiday season domestic comps fell by 0. %. analysts were looking for annan crease of 2%. we'll speak to an analyst right after this. >>> at the top of the hour, citi will be the next big financial to report. we'll have the numbers and instant reaction. "squawk box" will be right back. (vo) you are a business pro. seeker of the sublime. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. >>> we'd like to thank our guest host for this hour, christie hefner, chairman of ca

by a group of carlyle. they began a flagship fund for carlyle.e will be doing media and telecom deals. he will be a partner at carlyle. had to deal have with governments. this is getting a member of the hedge fund community -- it's usually not in the u.s. usually overseas. what you think of this trend of public officials going private? >> i guess my knee-jerk reaction is in six to 12 months we will see headlines of somebody get .nvolved in something but quite honestly we have seen this back-and-forth for years now. back when i started in the markets, you had people going from the banks to going to the government side. so, it it stands to reason, why wouldn't you accrued a government official? they have the connections. >> and carlyle started that way. even in your book, our member reading -- hey, we were the only guys not in new york. stake in the ground. but they are buying brazilian medical devices company. so it seems like carlyle has its sights set further than the potomac. firm that did,he as you say, start in the backyard of washington and