kennedy center, david rubenstein. if ladies would like to remove your jackets and feel more comfortable, feel free to do so. this gathering is the largest gathering ever of presidential site representatives. these sites include more than 100 birthplaces and childhood homes, memorials and museums, libraries and landmarks from coast-to-coast. we are grateful to have these site representatives here and for your devotion to educating the public about the american presidency. tonight we have two outstanding panel discussions focusing on the one thing that all of the presidents have in common and that is life in the white house. both will be moderated by the chairman of the board of the kennedy center and good friend of the white house historical association, david rubenstein. although he has his day job, david has emerged as america's interviewer in chief, so you are in store for a very powerful program. the first panel will produce the perspective of those for whom white house history and american history intersect. those

emily: david rubenstein there with the iac chairman barry , diller. h david's full conversation with barry diller wednesday at 9:00 p.m. eastern. tesla's model three is driving toward another record. first, it was america's best-selling electric car, then it became the best-selling luxury car. now it is one of the country's best-selling sedans, period. after quarterly earnings reports tuesday, tesla delivered more model three and all but four of the top sedans in the u.s. it included some deliveries to canada, but their third quarter is showing unprecedented growth an electric car and a remarkable turnaround for tesla, which has struggled for much of the year, as we know, to mess reduce -- mass produce the sedan. tesla isn't the only car company thriving. gm just received a self driving car investment. the second major investment in months. honda committed to spending $2.5 billion. $2 billion will be spent over 12 years to jointly develop autonomous cars. the exclusive partnership with ingives honda a 5% stake cruise, which has become a competitor to w

perspective from david rubenstein of the carlyle group. what is the fed thinking as financial markets take a downward turn? we speak exclusively with dallas fed president robert kaplan. >> some amount of volatility in the markets, up and down is typical. emma: this is bloomberg. ♪ emma: welcome back to "bloomberg best." i'm emma chandra. weakening economic data, political turmoil, and mixed corporate earnings results all contributed to another fragile week for global equities. so where should investors look for relief? -- for growth? citigroup's asia-pacific head of corporate and invested banking said that despite trade tensions, he sees potential in china. >> the one big thing about china is many chinese companies have a huge opportunity inside china, absolutely massive. the growth opportunity that is so big, they are very careful about where to expand, because they don't want to dilute the focus on that massive opportunity. where they are expanding into places like indonesia and in some cases india, but they are taking their spots very c

take a listen to what david rubenstein had to say. >> when the chinese economy slows down, it will effect all emerging markets and the global economy, china will have less money to buy u.s. treasury bills. i'm not sure that's a great thing. i think china is slowing down perhaps with concern about the trade dispute, but i think that will be resolved in time >> there you have it david rubenstein saying in time that will be resolved. another reminder that altogether if china growth slowdown does ripple over to emerging markets, it's in nobody's interests >> nancy, thank you. and we'll have some of your excellent interview with sir richard branson later on thank you. >>> let's bring in isaac poole my question is very simple the chinese stock market has tanked a lot this year, is the chinese economic slowing as much as the chinese stock market seems to be implying >> i don't think so. clearly the chinese economy is slowing and has been slowing for some time. we know authorities would like the economy to slow further. that's been something that's been on the cards for a long time now what we've

michael milken, who spoke to david rubenstein in one of his special interviews.the things he talks about is when it is risky to lend and when it is not. some of these high-growth companies like tesla, this is what he said. >> what i discovered is quite often in the future credit is rated low, even if it is the future. the real risk often lies in companies that we think of as establishment, have paid dividends for a long time. from his experience, going back to the japanese companies that he led to, sometimes those are the safest ones. asa: michael is polarizing figure, known as the junk-bond king, went to prison for some of his dealings, but for all intents and purposes, he is right on here. the biggest risk lies in assets perceived as safe. when people feel confident that they will buy something and will not lose money, that is the scary part. today that is why some are , that the bonds rated bbb is why people are raising so many concerns about these bonds and other assets. david: we always remember the ones that work, we don't always room for the ones that don'

caroline: that is the imf managing director speaking with david rubenstein.terview at 9:00 p.m. now for asian ad, china is getting a squeeze from president trump as trump announces a from the postal treaty that gives the u.s. discounted shipping rates. this is a very little-known treaty to many, but how big an issue with us before chinese retailers? shery: president trump have been looking at this issue for a while. to 192ficials had talked treaty officials telling them about their concerns since september. apparently no changes were made. the problem is that the u.s. withdraws, it could be causing a situation where it is a free-for-all and other countries to join at their own rates developing. developing import countries receive better discounts. this means there will be winners and losers and losers could be the chinese exporters that bring the products here in the u.s. and we see favorable postal rates. the national association of manufacturers come out to say this is a good move. outdatedthis arrangement contributes significantly to the flood of counterfe

perspective from david rubenstein, plus, what is the fed thinking as financial markets take a downward we speak exclusively with robert kaplan. >> some amount of volatility in the markets, i think, is typical. emma: this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. emma: welcome back to "bloomberg best." i'm emma chandra. weakening economic data, political turmoil, and mixed corporate earnings results all contributed to another fragile week for global equities. so where should investors look for relief? citigroup's asia-pacific head of corporate and invested banking said that, despite trade tensions, he sees potential in china. >> the one big thing about china is ma

michael milken is six weeks guest on the david rubenstein stowe.ackground, the bond industry, cancer diagnosis and treatment, and his philanthropy. is thati discovered quite often the future in credit is rated low, and the real risks lies with companies we think of as establishment or have paid dividends for a long time. taylor: you can see the full interview on the david rubenstein show at 9:00 p.m. new york time on wednesday. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. nejra: thank you so much. phase work third-quarter revenue jumped 30% with revenue ahead of expectations. isk zuckerberg said he betting the future on video and stories and not the famous newsfeed. he said advertisers are not totally up to speed with the new formats and 2019 will the another year of significant investment. our guest joins us now on the phones. great to talk to you today. you upgraded your view on y, why?k to a bu >> i think the reason

let's dive into our second panel , please welcome back to the oval office, david rubenstein to moderate our panel. [ applause ] aidan canto, accomplished actor and known to all of us as white house deputy chief of staff and later chief of staff, aaron sure and designated survivor. [ applause ], tammy hadad, of had dad media, tammy is a consultant to hbo and several political filmmakers. [ applause ], i also get to work with her where she is the lead consultant . >> matt mclarty chairman of mclarty consultants, consulted for designated survivor, white house down, and many other washington oriented films and television productions, he also served as former chief of staff to president bill clinton . >> completion marshall consultant for house of cards. [ applause ]. appreciate also served as white house social secretary to president and mrs. clinton and state department chief of protocol for president obama. kirk sadowski, documentarian, producer foreplay town. [ applause ] >> james vanderbilt, writer, director, producer and screenwriter and producer of white house down. [ applause ] mr. r

announcer: the david rubenstein show is brought to you by wells fargo technology banking. ♪ >> denmark'sank says the u.s. hasn't started an investigation amid a money-laundering scandal. we will speak to the country's regulator. in the boardroom battle. california becomes the first u.s. to require women on corporate boards. what still needs to be done to business.versity in and bracing for brexit. as we approach the next eu summit, what is the next impact of brexit on financial regulation? welcome to bloomberg markets

announcer: the david rubenstein show is brought to you by wells fargo technology banking. ♪ >> technology, is a soaring sense of the imagination. in the 1960's, it was before we dreamed of galleries and creative robotics. yet the statement holds true to this day.

announcer: the david rubenstein show is brought to you by wells fargo technology banking. ♪ nejra: overregulatedweter the speak to a guest who says legislation around the financials that there -- financial sector has gone too far. 10 months on from the new -- european union rules, the full impact from the legislation is still to come. plus, what the midterm elections in the u.s. could mean from wall street. welcome to "bloomberg markets: rules & returns." i'm nejra cehic. rules and returns is a show where we delve into the regulatory challenges and

announcer: the david rubenstein show is brought to you by wells fargo technology banking.athan: from new york city, this is 30 minutes dedicated to fixed income. this is "bloomberg real yield." coming up, the fed determines to keep hiking, sending two year treasury yields to 10 year highs. a booming leveraged loan market getting bigger, overtaking high-yield debt. and italian bonds ending the week on a better note. the eu striking a conciliatory tone. we begin with the big issue -- investors on edge. >> it is not a fantastic world out there. >> the market is vulnerable. >> you are seeing stocks and bonds act differently than they have in the past.

david rubenstein with jeffrey bezos. he does it again. what a perfect time to speak with mr.d on the future of media. stay with us. this is number. ♪ >> if you are starting your career all over again, what area would you going to? mean, i never really had a goal. i have never said, i want to be that. so, to me, it was whatever i was curious about. >> one thing i like to ask is leadership. what skills do you have is a leader? willfulness --ed blind willfulness. the stronger the well -- the stronger the will ♪ francine: that is the italian at ane minister speaking italian lobby event. he is laying out his thoughts on the budget overall. it started out that he started out by -- he started out by talking about growth. he said the government is aiming to reduce the death -- reduce the debt in line with the e.u., and he is also talking about world growth. is 3%, so if you, -- so if you come up with a budget of 3%, that is in line. finance minister is in a 100% in charge of his destiny and promised around 2%, which is the market -- which is why the market is difficult with the 2.4%.

up, the entertainment industry could be in big trouble if it continues to consolidate -- isof david rubensteinion coming up. this is bloomberg. ♪ davidtest episode of rubenstein show talks about the current state of the movie and television business including the rise of netflix and amazon. here's what they have to say. is stillthe internet very much a part of our lives. what about television and motion pictures? do you think they will continue to be important parts of our lives? >> i think the movie business is institutionltural of any great value. the movie business is now about and big huges mega-movies that are more marketing than anything else. movies have receded. television is having a great. because of the incredible optionality and television. >> are you worried that for five technology to companies could control our culture and our lives? >> i am more about that. concentrationht is bad. that goes against the consolidating principles which are forcing consolidation everywhere. i think that is not a good thing. >> do you expect the movie bypanies will be bought these technology compani

display over there and a series of churchill conversations with extraordinary figures including david rubenstein last night, general david petraeus, robert harris, tim snyder and neil ferguson, former foreign secretary laura dern and we are welcoming jesse norman. i'm looking forward to this event because jesse wrote the biography of edmund burke, a statesman i admire more than any other and it is particularly nice to talk about adam smith. we have these conversations to live up to churchill's admonition up a lot of you can look backward the farther you can look forward. we are trying to put in this library history in action. jesse norman is a conservative member of parliament, parliamentary under secretary of state for the department of transport, parliamentary under secretary of state for the department of business, energy and industrial strategy from 2016-2017. before his election to parliament in 2010 he was director of barclays during its reputable years. and taught at university college london. he is the author of several books including edmund burke, the first conservative, and the big so

christine lagarde, there, speaking with david rubenstein. guy: is it better to travel than arrive?er back in the summer, when investors were purchasing any kind of marijuana related stocks they could get a hands-on? now that legalization has arrived, you are seeing investors heal back a bit. quite a few analysts have basically been saying that now is a good time for investors to take a more targeted approach to their marijuana related investments. look at fundamentals, marketing, branding, look at the individual stories rather than just trying to buy every single thing. like you pointed out for a stock like this that is up well over 700%, it's a 4% give back today and it isn't much. thank you. right now the dow is down, the s&p is up 2/10 of 1%. this is bloomberg. ♪ >> from bloomberg's world headquarters in new york, i'm david westin. welcome to "balance of power." on the brief today, greg ferro on the possible wind down of the bob moses -- of the mueller investigation. washington --g, sorry, let's start in washington, what's going on with saudi arabia? >> it's an unfolding story a

in the latest episode of "the david rubenstein show: peer-to-peer conversations," there are -- is a discussion the giant could overtake the movie and tv industry. movie and expect television companies to be bought by these tech companies? >> i think they will supersede them. the two companies that are really dominating right now are netflix, run totally outside of the infrastructure of the entertainment business, and model ishose business absolutely antithetical in a way to what the business model of entertainment has been, which is you put on a show and people like it and the audience comes and they pay you. their business model is to sell subscriptions to prime. as a subsidiary, they give you good stuff on the side. david: worked out pretty well. jason: let's stay with netflix's threat to the industry. has netflix commits to spending more money on country -- content, it is draining talent from the network and studios that used to dominate hollywood. carol: established companies are having to draw battle plans to keep their stars in the fold. lucas shaw sets the scene. lucas: netflix put out

david rubenstein of the carlyle group.t of good italian coffee on good victoria street. ♪ kailey: and now, the bloomberg business flash. daimler struck a confident tone for the fourth quarter. the ceo says she is continuing to see high demand in a challenging environment. they have been hurt by trade in missions follow. cfo george: will step down in the third quarter from britain's largest mortgage lender. cut to the lowest in the european banking industry. they reported third-quarter profits above estimates. that is the bloomberg business flash. francine: thank you so much. tesla shares are soaring in late trading. the company reports third quarter earnings. it usually gets two weeks notice on when earnings will drop, but it actually gave 32 days. -- as elon musk noted, $312 million. elizabeth, how much of this is a big deal? it seems like all of the negative press, they have delivered. they are turning page. certainly looks that way after a couple of months where operations became a with all ofeshow these elon musk tweet

dial him up. 456-1414. >> still works. >> i'll try to get through. >> when you saw david rubenstein?i'll get right through, i doubt it. right through where, i don't know. [laughter] >> so, today, how would you say you've changed the economic policy process from gary cohn. he was there for about a year. have you changed, the same staff or you made changes? >> first of all, in my opinion, gary cohn did a very good job. a friend of mine and was enormously helpful for my transition, very, very helpful and i think he had a good staff. we have made some staff changes, but, i mean, national economic council, terrific job. the we are the free market guys in that building and i'm proud of it. i work personally very hard with the staff because, yes, i'm doing a lot of media work and so forth and, yes, the oval with the president, but so much of the day, as you might imagine, from your experience, you're doing the committee work and the meetings. which is tough going, but it's sentence. but i don't think i've made any radical changes. nec, which is a fabulous place, we work with everybody. it's

prices and he is working on all of this stuff to cbc, your legacy of jack kemp, you mentioned the david rubenstein economic club, i was there, 6 trillion dollars for urban america. this message, how much of an impact will it have on elections and going forward in 2020? it seems you're hitting the democratic base really hard. >> that wasn't my motivation. i have been working on this since i was in my early 20s when i worked with jack kemp. we used to call them enterprise zones back in the day. we call them opportunity zones. so i never considered the political effects of it candidly so i don't know the answer to that question. but just so people know what we're talking about, what opportunity zones are, they are in the tax law that we passed, this re in the tax cut and jobs act. 25% of the lowest income census tracks now in america are opportunity zones. and that means anybody can take an investment, sell that investment, not pay capital gains tax on it, pour it into an opportunity zone, create job, create economic development, put people to work, fix housing, and keep your investment there for at

taylor: you can watch that interview tonight on "the david rubenstein show, go at nine a clock p.m. to the u.k., where the first -- it is a government initiative to promote so-called clean -- green growth as strategy to promote gdp and cut greenhouse gases. a lawmaker since 2010, she was previously undersecretary of transport. now she is planning to reduce emissions to net zero. claire perry joins us now. what a great pleasure to have you. talk to me a little bit about investments in the u.k. if you look at some of the positioning of the u.k. and wind energy, they are doing very well. in terms of sustainable investments, we could do a lot better. claire: the greenest office building in the world is here in london. what we realized is we are doing very well in the u.k.. we are leading the world in and growingsions our economy. no country has done more income -- in terms of reducing its carbon intensity. there are two big things we need to do. one is go further. how we might have a net zero emission economy. second, we have to recognize the opportunity that is going to come from this.

that is michael there and catch the full interview on this week edition of the david rubenstein show.s leaders want to avoid a flood in stimulus. a worst economic picture is putting on the pressure. this is bloomberg. ♪ ure. this is bloomberg. ♪ caroline: time for asia ahead. agingata is pushing toward stimulus measures it was trying to avoid. yesterday we were talking about approach, this approach china has on taking pmi's. shery: they had to talk about it. it was hours after their latest pmi data came out. good. not looking the manufacturing growth slowing to the lowest level in two years. we know if you see this chart on librarylibrary -- gtv it is already not great compared to the u.s. and europe. you now see is slowing even further adding to concerns of what is happening in the chinese economy. the yellow line being china. caroline: still above 50. shery: yes. a barely managing above to stay above 50. 50.2 this month. because of this, they had a meeting with president xi jinping and came out with a statement saying they are looking at all of this and they want to be more preempti

go with him there. >>> on the topic of trade and economic growth, private equity billionaire david rubensteinjamie dimon. telling cnbc earlier today that the trade dispute will be more of a skirmish, not a war rubenstein expects a resolution similar to what happened with nafta saying both china and the united states want a deal. that would be the rational thing to do. the question is where politics land in all of that. >>> in corporate news this morning, google dropping its bid for a contract from the pentagon citing conflicts with its ai principles the ten-year contract could be worth up to $10 billion. separately google is shutting down its google plus social network. a bug in the developer platform exposed the account information of 500,000 users google said it found no evidence that it had been misused but this is going to be a big question in washington obviously they didn't release that news earlier. and then ppg warning that its quarterly results will be hurt by higher raw material costs and lower demand in china. the company says that it has experienced me higher level of cost increas

with us now let's go to anderson an international lawyer as well as the david in rubenstein fellow in governance studies at the brookings institution he's in washington d.c. for us thank you for your time today the diplomacy is fascinating here isn't it because you've got such serious allegations you've got no facts you've got it happening technically if it did happen technically on saudi soil how do the turks progress from here with all these diplomatic things to negotiate. it is certainly a complicated situation but i think it's important that we do away with some of the myths the misconceptions that applied to embassies and consulates here the fact that this occurred on a consulate or if it occurred on the embassy doesn't actually make it saudi soil or under saudi jurisdiction it's still turkish soil and turkey is still able to investigate crimes and prosecute crimes that take place on that territory what it does mean though is that the saudi government is entitled to certain protections of those facilities that includes the inviolability of certain government facilities meaning th

david. i appreciate it very much. thanks for having me. you're very kind. i appreciate the turn out. i don't want to spend much time because mr. rubenstein i'm told a brilliant interviewer and has many insights and i want to go there. let me just begin with a few thoughts. i believe -- i believe we are or have entered and economic boom. and virtually nobody expect this. they thought it would be impossible. most people thought 2% growth was max. i never bought init. america is basically a free market economy it's not government-run but government policies matter a lot. and we've had a switch in policies to an incentive model of low tax rates especially business, small business, major roll back ever deregulation. the president's own view is to end the war on business and to end the war on success, to tends war on vesting, to end the war on risk. essentially to open the economy. and these incentives, you keep more of what you earn, you keep more of what you invest have been lacking for a bunch of years. and i don't want to go partisan, i'm just going say a bunch of years. from 2000 to the presents we've had good years. we've grown 2% or so.

to talk with the men on the screen, david rubenstein. he is president of the economically. live coverage on c-span2. >> he returned to bear stearns and then later began a series of television and radio shows known as the larry kudlow report, larry kudlow show. i've often thought naming a show after yourself i don't know whether that's a good idea or not, but i think it's not a bad idea. so he's become presidents topic by the economic