cochairman, cofounder of the carlyle group. to seehank you, great you.t a better economy that david was talking about. the second reader gdp for the fourth quarter coming in 2.5%, in line with estimates all the first three. personal consumption, 3.8%, pretty consistent with the last three. core pce coming in line with estimates. 1.9%. also looking at earnings breaking, tj maxx getting a nice pop in the premarket. sales coming in better than estimated, almost $11 billion, comp sales up 4%. the company however boosting their dividend and buyback plan. in the markets, take a look at where we are. s&p futures trying to cling onto a positive lead. futures of by about five points. in the bond market, the 10-year yield going nowhere until the end of the quarter. a little bit of buying on the margins. the dollar index still trying to hold onto its lead. the weakest for the euro since october of last year. mckee joined by michael and oliver chen. he has an outperform rating on tjx, has an $88 price target, but cannot talk about it until he publishes his research.

of the new head of the the fed is this for old powell who comes from a background of it seems carlyle group i mean he seems to be a sort of a wall street blues was they get but what can we expect from him and why i wanted term selective. yellow is out that was obama's choice and now we've got the trump choice overload the central bank is separated for the government yeah sure. you hear about a million mickey mouse second cup i want to get it maybe he's going to follow the trump routine so we believe that although they're saying interest rates are going to go up a lot we don't see it happening because we soar the fear of interest rates going up and what it did to the market and what the government picked taking on more and more debt that means they're going to have to pay more money when interest rates go up so we don't think we think powell is in the clear in the trump club and as well if interest rates really go up you're going to see the emerging markets which equity markets we've gone much higher in percentage points than the united states crash because they borrowed all that money in ch

carlyle group posted for quarter profit that beat estimates.folios gained and they ended the year well on the way to a four-year goal of raising $100 billion. maybe in a galaxy far, far away, star wars toys are sellers. not on earth with toymaker hasbro says fourth-quarter revenue fell and missed estimates. they blame the bankruptcy of toys "r" us and sluggish sales of "star wars" merchandise. i guess everyone already has a lightsaber. mark: exactly, i still have mine. european markets ended, a reverse of yesterday's decline. not quite topping 2.4% -- two point -- a gain of 2%. the biggest gain since april of last year. this is bloomberg. ♪ >> i am mark crumpton would be first word news. nancy pelosi says she will oppose any long-term government spending bill that does not address immigration. on the house floor, she reference senate majority leader commitment tol's protect the dreamers and called for similar cooperation in the house. russian cyber spies pursuing sensitive u.s. defense technology tripped key contract workers into exposing their

coming up, private equities and the next phase and will hear from the carlyle group. this is bloomberg. ♪ julia: this is bloomberg markets. scarlet: it is time for the business flash. biking global investors has hired a team to build a big data platform and the hedge fund was -- according to people familiar with the matter, biking is turning to quantum to boost returns. -- startedpany company is planning to build in hong kong and company could raise up to $500 million this year. rails other investors include johnson and johnson and tencent. and that is her business flash update. julia: investors are willing to accept lower returns according to carlos chairman david rubenstein and he spoke with matt miller at the conference in berlin and discussed changes facing the private equity industry. there is no doubt prices are high and investors want to get the money invested. if you invest in high prices you get lower rates of return but investors are willing to accept lower rates returned to get the money invested, so if you have the money, which rather have so percent or ge

carlyle group posted fourth-quarter profits that beats estimates. the firm's holdings gained.ear its way toward a for him in your of raising $100 billion. that is your bloomberg business flash. david: friday's jobs numbers show the strongest wage growth we have had since the recession with the january average hourly earnings raising 2.9% from last year. gary cohn told us it is still something the white house is keeping its eye on. >> we are excited to see it this month, we do hope it is sustainable, we don't want to say after one month in january, we have done it. we hope this is the start of something new and real and something good. we will need a couple months to reaffirm we are starting to see wage growth in the united states. david: 40 inside look, we turn to gary burnison, ceo of korn ferry. the author of the new book "lose the resume, land the job." michael mckee is also with us. i happen to lose my resume a long time ago. pick up on one gary cohn said, is that when you are seeing, that wage pressure really kicking in now? >> for sure, the advantage goes to the employee

rest of the year where is growth coming from coming years joining me co-chief executive offer carlyle groupolatility, you see things getting better in the economy, where is the growth in your view. >> everywhere. >> really how good it is. >> how good it is we have a global economy, that is for the first time in really many people's professional lives growing synchronized fashion by good fundamentals strong growth in europe strong growth in united states strong growth in china, india had a little bit of hiatus because was policy moves by prime minister all of a sudden recovering growing much stronger brazil is recovering for the first time, we have synchronized growth cross sectors countries at core has been a meaningful recovery in industrial economy, sos in 2015 and 16 following the drop in oil prices, we had have global industrial world really pull back, and i think a lot of people missed that, case the rest of the economy was performing well enough to kind of cover over it, and so today, we see strong growth in the industrial economy, in new economy, in technology sector health care sect

i can speak now to derek carlyle, a property developer whose accounts were transferred to rbs's global restructuring groupu for being with us. tell us how you for being with us. tell us how you were affected by rbs. you are effectively one of these small businesses that was allegedly mistreated by rbs. that is correct. i was mistreated by rbs. that is correct. iwasa mistreated by rbs. that is correct. i was a tax by rbs in 2008, i would say. they had remained on a promise to lend me money. in august 2008 when i wasn't in financial difficulty but the bank were, they asked me for money and really said to me that if they did not get their money by the close of business, i should give them money by close of business on a particular day or else. that was through my lawyer. i asked him to find out or else what. and they came back with the response that or else chaos will ensue. that was in 2008. i did not give them the money. and it would be fair to say that chaos did institute. in what sense did chaos ensued? they took anything that was in any bank account. they took my business. they took my home. they took a