friday jobs report and now i just want to turn back to inflation because i have a question for david rubensteinor. >> i don't know about that. >> if i'm on the other side of an employment contract with you, let's say we agree on the base salary and i say, david, i'm worried about inflation in the years ahead and i'd like to build in some cost of living in my contract. what's the bid ask on that what should i be asking for as an employer, what are you willing to give me as an employer >> well, for the last 25 to 30 years, inflation has been roughly 2% 2% or so so that's been relatively modest compared to what we had before that 25 or 30-year period of time over the next 25 years it's hard to know but i would guess somewhere between 2% and 3% is what i believe inflation is likely to be but i think inflation is not likely to go back to 6, 7, 8% a year unless something completely unforeseen happens so i'd be willing to build in a 2% or 3% inflation rate and i think thi'll be flat. >> but the argument is you're overpaying >> for good people i'm willing to overpay. >> right >> the inflation adjustmen

ceo,versation with the ibm sheets is down with david rubenstein -- she sits down with david rubensteinacterized how over 100 years the company is reinventing itself. >> let's talk about ibm. it is a hardware company, a software company, a consulting company, what would you say it is today? >> keep going. [laughter] >> it is an enterprise company, we uniquely live in the intersection of tech and business. built over time, hardware, we layered it with software and built integrated onto that services. now we are becoming a cloud and cognitive solutions company. there will be another reinvention of ibm one day in the future. today, it is about that. not about the technology, it is about cloud, artificial intelligence, the why. as i say to my colleagues, i feel like we are the champion for business, the champion for business. . will take what i mean by that if you asked me to pick one word about what ibm is in -- is a route is data, gold in the data. we are on the verge of companies being able to use all that. companies to go on the offense now against startups and disruption. you do it wit

set down with david rubenstein in the latest up the sign of the david rubenstein show, peer-to-peer conversations, management style, and mentoring women in business. >> do you think a woman's rise to the head of ibm has to be better than men? >> i don't think it made a difference. >> supported and's come to you and you don't like their ideas, do yell at them or scream at them or are you more quiet about it? had you let people know you're not happy? >> i am not a screamer. i never was. i'm not a thrower. the waylways believed to challenge things is to challenge them is to be intellectual, so i would say, look, you need to know what you are talking about. i have no trouble asking questions. that is the best way to challenge things. a certainl responsibility as woman ceo to mentor other women and speak out on issues relating to women? >> i have grown to be comfortable without role of being a role model. i think many of my colleagues would all say and it is something where you want to be noticed and rewarded for something you did come your contribution, and this has nothing to do with gender, almost

the ibm ceo sat down with david rubenstein and the latest episode of the david rubenstein show.n,sed her management style, and mentoring women in business. >> for the woman to be the head of ibm is better than the men or economic a difference? >> it did not make a difference. >> if you do not like some of his idea, do you yell at them, which meant often do, or are you quiet and tell them quietly that their ideas are no good. >> i am not a screamer, never was. >> you do not throw things? >> i do not think i've ever thrown anything but i have believed in the way to challenge things is to challenge them. it is the intellectual. i feel you need to know what you're talking about. i have no trouble being the want to ask questions. >> do you feel a certain responsibility as a woman ceo to mentor other women, and to speak out on issues relating to women? >> an interesting question because i have grown to the comfortable with that role about being a role model. i think that many of my colleagues would all say, and maybe it is a bit as we came through our businesses, you always wanted to

she sat down with david rubenstein in the latest episode of "the david rubenstein show: peer-to-peerions." here's what she had to say about her role on advising heads of state. david: when you meet with presidents, do you see other ceo's willing to say, that's not a good idea, let me give you my thoughts? ginni: my experience is that people are respectfully honest and give their opinions. just as there are times, whether it's a president or prime minister, we agree and times we don't agree. in our case, here as an example with the paris agreement, we believed that america should stay in there. we shared our viewpoints on that. the issues that are important to our business and our clients. emily: catch the full conversation with ibm ceo ginni rometty tonight on "the david rubenstein show." coming up, does the idea that an enemy's enemy is a friend work in business? which companies are partnering up to take on amazon. bloomberg tv will have full coverage of central-bank leaders meeting in jackson hole on thursday. we will bring you our interview with esther george. catch that conversat

david rubenstein. he has been a major supporter of this effort. and when we look at the literacy groups and other groups that are partners including c-span, it really adds to what we can have. >> have you thought about doing two days? i know for a while it was two days. >> we thought about it and we are wondering if we can do it. we are finding know that having one date gives, especially now with the live capacity. some people do not miss out, that it might be good to think about having it in this concentrated day, it is a festival, it is that day. and so people have been asking also. we will look into it. >> is it a costly undertaking? >> i mentioned mr. rubinstein. he has been one of the major funders of the festival and that has helped quite a bit. and it helps with being able to provide a lot of the support. there is a lot of staff involved. people will see folks with t-shirts and little headphones and making sure everything is okay. and being able to really make sure that we have security that we really have all of the things that you need to

david rubenstein: you ran against president bush 41. it was a bitter campaign.s defeated for reelection. how did you manage later to develop a close relationship? wasn't that difficult or awkward at times? president bill clinton: it had helped that we had had some contact before. i represented the democratic governors when he decided to embrace these national education goals and he asked the governor's to help write them. we started working together. then i tried never to take a cheap shot in the governors association. disagreed, we -- said it, went on, and found things we could do together. i think the other things, he deserves credit. if he had not asked us to do the tsunami work together, i am not sure the relationship would have ever floured the way it did. we like blaine -- being together. it is like anything else, sometimes you click with people, sometimes you don't. i always admired him. i completely supported what he did in the aftermath of the collapse of the soviet union, supporting german reunification, supporting the european union, supporting the ef

of congress, well, one partner and a person who has been so supportive over the years is mr david rubenstein. and he has been a major, major supporter of this effort. and when we look at the literacy groups and other groups that are part of it including c-span, it really adds to what we can have. >> host: have you thought about doing two daysesome i know for a while -- two days? i know for a while it was two days. >> guest: we've thought about it, and we're wondering if we can do it. we're finding though that having one day gives -- especially now with the live capacity so that people don't miss out -- that it might be good to think about having it in this concentrated day. it's a festival, it's that day. and so people have been asking though, so we'll look into it. >> host: is it a costly undertaking? >> guest: well, i mentioned mr. rubenstein, and he has been one of the major funders of the festival. and that has helped quite a bit. and it helps with being able to provide a lot of the support. this is a lot of staff that's -- there's a lot of staff that's involved. people will see folks wi

david rubenstein is our co-host. it's open 8:30 on saturday at washington d.c., washington convention center and we are opening the programming at 9:00 p.m. or 9:00 a.m. excuse me and it ends at 7:30 p.m. >> sunday as well. >> no, just saturday. >> just saturday. one full day. >> one fun filled full day. >> if you get off at the metro stop you're >> this is an event where it's popular. there's long lines. is there a way to navigate the space. >> the book signings are opening at the lower level and the best way to ensure that you're able to get an autograph is to go to lot..gov/bookfest and that will show you when your author is scheduled to be at a specific table. >> plan ahead. >> plan ahead. that's the best way. >> what about the kids? there's always so much fun for the family. my take my kids when they don't have sports or something else conflicting and it's so fun. it's not just for adults. there's a lot of kids events. >> absolutely not. this is the second national book festival where the librarian of congress w

she talked to david rubenstein. how the company is reinventing itself. a hardware company, a software company, a consulting company. what you think it is today? >> keep going. when i say and enterprise at a deade are intersection of tech and business. as he said, it will rebuild overtime hardware. then, we've layered it with software. we built integration onto that services and we are becoming a cloud in a cognitive solutions company. there will be another reinvention of ibm someday in the future. today, it is about that. it isn't about buzz technology. it is cloud, it is ai right now, it is the why. i feel like we're the champion for business. to pickw, if you ask me one word what ibm is reinventing around, i would tell you it is the word "data." we're on the verge of companies being able to use all that. this is companies to go on the offense. against disruption. you do it with that data. you will need new tools and that is where ai comes in. david: one of the tools is watson. after?on named ginni: our founder. jeopardy the game show. it is funny how p

it has this essay by me and david rubenstein. it discusses the status of slavery and here is what the three-fifths clause in article one, section two says. article one sets out the powers of the congress, and section two talks about how congress shall be apportioned, and the three-fifths clause says, "representatives and direct taxes shall be apportion among the several states which may be included within this union, according to their respective numbers, which shall be determined by adding to the whole number of free persons including those bound servants for a term of years and excludeing indians not tax, three-fif three-fifths of all other person persons." that is one of the great compromises one could say, one of the great moral indignities of the convention, to decide to count enslaved persons as three-fifths of a person for the purposeless of apportionment. that compromise came along with a decision to allow the slave trade to continue until 1808, which is also inscribed in the constitution, and those two decisions meant th

>> one partner, a person who has been so reported over the years is mister rubenstein, david rubenstein. he has been a major supporter of this effort. when we look at the literacy groups and other groups including c-span it adds to what we can have. >> have you thought about doing two days? for a while it was two days. >> we thought about it and wondering if we can do it. we are finding that having one day, especially with live capacity so people don't miss out, it might be good to think about having it -- it is a festival. people have been asking, we will look into it. >> is it a costly undertaking? >> i mentioned mister rubenstein, one of the major funders of the festival and that has helped quite a bit and it helps with being able to provide a lot of support. there is a lot of staff involved. people will see folks with t-shirts and head phones and making sure everything is okay and being able to make sure we have the security we really have, all the things you need. >> carla hayden, have states approached you about the national book festival, wanting to create their own? >> yes. i am

>> one partner, a person who has been so reported over the years is mister rubenstein, david rubenstein. he has been a major supporter of this effort. when we look at the literacy groups and other groups including c-span it adds to what we can have. >> have you thought about doing two days? for a while it was two days. >> we thought about it and wondering if we can do it. we are finding that having one day, especially with live capacity so people don't miss out, it might be good to think about having it -- it is a festival. people have been asking, we will look into it. >> is it a costly undertaking? >> i mentioned mister rubenstein, one of the major funders of the festival and that has helped quite a bit and it helps with being able to provide a lot of support. there is a lot of staff involved. people will see folks with t-shirts and head phones and making sure everything is okay and being able to make sure we have the security we really have, all the things you need. >> carla hayden, have states approached you about the national book festival, wanting to create their own? >> yes. i am

the philanthropist david rubenstein doe naughted $5 million to restore the iconic iowa jima memorial.nother larry: people living near a rhode island beach have to wait longer to find out what in the world is in the water. mo seeing the odd object off the beach before summer. the tree removal company was supposed to dig it up in 20 minutes but canceled because of the deteriorating cons on the beach. it hasn't stopped people guessing what it actually is. >> it looks like a metal star fish. >> some scientists think it's a see floor mount for acoustic doppler imaging application. >> some people believe it's equipment used by aliens. there is no word when the removal rescheduled. alison: that is where they are watching us from. kirk cousins makes the most staying in washington. we'll hear more about that in sports. >> 200 backpacks given out as part of stuff the bus event. larry: we are shining a spotlight on education in fairfax county. they paired up with the sheriff for the 25th year of shop with a sheriff. each child gets to spend $250 on new clothes and supplies for upcoming school ye

david rubenstein is paying for the upgrades. if you plan a visit, take public transportation to access the area from mead street. >>> metro frustrations before you board. trains running slower on purpose. we'll tell you which lines it impacts. just ahead. >>> first, though, the eclipse and your eyes. with less than april week to go, we're checking with thexperts e >>> in less than one week, one of the most spectacular events will happen. the total solar eclipse. however, we won't be able to witness total darkness here in the d.c. area. about 80%. for that, though, you have to travel somewhere along the path of the eclipse which stretches from oregon to south carolina. we're sending chuck bell down there. he's going to be able to see the whole thing. >> and report back. >> everyone wants t i do too. they're willing, perhaps to risk their eyesight. >> not worth it. there's a warning from eye doctors about how to protect your eyes. they remind everybody that in order to see the eclipse and preserve our eyes, you need the special gl

plus our guest host from 7:00 to 9:00 this morning is david rubenstein from the carlyle group. he knows very well what's been happening in the markets private equity always has a longer term horizon. we'll see what he thinks right now if anything looks like it's cheap. if you can find bargains to the market and what his exit plans are and how he plans to take some of those companies and spin them out and make a profit it's coming up in just a few minutes. we'll see you in just every an hour >> we look forward to the start of the show at 6:00. >>> up next here on "worldwide exchange," should investors be worried about that war of words that becky mentioned between the 'ls. and north korea wel talk about the riskoff trade when "worldwide exchange" returns. ♪ top speed fifty knots life on the caribbean seas ♪ ♪ it's a champagne and models potpourri ♪ ♪ on my yacht made of cuban mahogany, ♪ ♪ gany, gany, gany, gany ♪ watch this don't get mad (bell mnemonic) get e*trade and get invested i love you, droolius caesar, but sometimes you stink. febreze car vent clip cleans away odors for

david rubenstein speaks to bill clinton and george w.onight. ♪ julia: this is bloomberg markets. scarlet: i am scarlet fu. julia: between geopolitical tensions and climbing earnings, a notoriously volatile month of august in a game of push and pull. we are joined by oliver. oliver: indeed, things are pulling in opposite directions. talked about tensions within the equity market. i think that is still largely the case. let's look at something that a lot of investors think about somewhat bearish lead -- bearishly. investors like to see a lot of plots moving upwards at the same time. that is not happening now. 500 index., the s&p in the white is your equal weight version of that index, in which the weighting of the companies does not matter. when this goes down relative to the s&p 500, that means fewer companies are participating in the rally. this bottom panel is the ratio between the two. it is a way to discuss the index beating the equal weight index. for investors, that spells warning because other companies are not participating. this

coming up on the david rubenstein show, the ceo of ibm. ♪ >> forward guidance have guided market expectationsion by central bank and markets to large-scale asset purchases to influence the yield curve beyond the very short term. jonathan: that was ecb president mario draghi speaking earlier today. joining us with more from germany as nobel laureate myron holes. let's start with that speech. how will receive was it in germany given the ultimate defensive. e of qe? myron: the speech was very well received. mr. mario draghi went through the history of monetary policy and said how monetary policy combined together with research, the combination of research and the policy regulators, had married that research together. they over learned what mistakes they had done and changed their models to accommodate that. the one thing they did miss was the interaction of the financial system. not only being able just to control the inflation rates without taking account of financial markets and the like. idea thatabout the obviously quantitative easing programs that were put in place 7-2008 in the united stat

bush on the david rubenstein show. bloomberg business flash. of hertz is casting her turnaround plan after they posted their third straight loss. the ceo says they are making progress cutting down there fast depreciating cars. they posted a second-quarter loss that missed estimates. in china, factory inflation steady in july. the last of months, the price studyrose 5.5%, thanks to demand. meanwhile, chinese consumer prices rose less than expected, up 1.4% in the last year. alix: thank you. to piggyback on china, aluminum releasing its spot as a top commodity this year. it hit a three-year high yesterday. the headline, supply-side reform from china. is it sustainable? with this is jeff currie. i want to make the link between the reflation we have seen and what china has done, which is supply of steel with supplies aluminum. talk to me about the interconnection. jeff: it goes back to the interesting dynamics on the supply-side because of the fast nature of shale. going back to last year in the miracle that china engineered in terms of rebound in