i don't mean you listen david rubenstein. what do you think she means by that?have not talked to her. a lot of people say things in campaigns and then when you have to legislate it is different. let's wait to see how the election turns out and when congress has to legislate. >> do you expect democrats to be hostile to the financial services industry? >> i would not say so. sometimes democrats have done things that are helpful to the industry. the industry employs many people so i don't think it is automatic you will get legislation that will hurt the industry. >> coming up on "bloomberg best ," more political reaction from the new economy forum. gary cohn and larry fink weigh in on the midterm vote. >> it looks to me that the economic issue did play into the election. ramy: global trade states a hot topic. the u.k. trade secretary was at china's import expo and says the outlook is bright despite brexit. >> we have countries lining up to talk to the u.k. ramy: this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. be

here is kennedy speaking on the david rubenstein share. >> it is true there is a problem with money andolitics. we have to address it some other way and put it to the voters. they can vote against the candidate. >> you can watch the entire interview with anthony kennedy tonight on the david rubenstein show coming up in on clock p.m. new york time on bloomberg tv.

by the way that interview with alan greenspan could be seen tonight on the david rubenstein show. let's check in on first word news. >> british prime minister theresa may has a brexit deal, now she gets her cabinet to go along with it. ,he ministers are meeting today and even to get through the cabinet it's not clear if parliament will approve it. she says the agreement will protect the economy and jobs and will still allow the u.k. to strike its own trade deals around the globe. in northern california one fire official warns that more than 100 people may have died in the deadliest wildfire ever. the death toll has climbed to 48 and 200 are still missing. the fire is 45% contained and has are destroyed 8800 buildings , mostly homes. and the fire ripping through malibu is describing as -- is described as 40% contained. in israel, blowback could threaten the survival of benjamin netanyahu's coalition. -- has quit, and israel could hold elections as soon as possible. strikeurged netanyahu to a harsh blow against hamas after does the days of fighting. and the international energy agen

we will speak with david rubenstein of the carlyle group.terviews this year for david rubenstein. this week, timely, justice kennedy. this is bloomberg. ♪ francine: this is "bloomberg surveillance." this is francine and tom from york. and new deutsche bank is said to be considering a major shakeup as regulators are expressing frustrations with of the firm's efforts to prevent financial crime. bloomberg has learned that the mayfs regulatory officer leave the company. will serve as another blow to the credibility of the lender. problem?ctly is the is it regulators that just feel like deutsche bank is not on top of some of the issues? >> i think so. ceo to the second succeed management with legacy issues. it still seems to have struggled to regain the confidence of regulators and is still not showing to be making significant progress in tackling the prevention of crime. it has been reprimanded for its failings and preventing money laundering both by u.s. regulators and german regulators. francine: how much of a problem is the u.s. and some of t

greenspan talked with david rubenstein for the latest episode of david rubenstein show, peer-to-peerversations. >> i think i am beginning to see the first signs of it. we are seeing it basically in the tightening of the labor markets, first, which as you know, is very tight now. finally, i am beginning to see clearly,ages rise, and there is no productivity behind it. you can watch all of that interview with alan greenspan tonight on the david rubenstein show, 9:00 p.m. new york time on bloomberg tv. in israel, it is a blow that could threaten the survival of benjamin netanyahu's coalition. his defense minister has quit in a dispute over the gaza strip cease-fire, and pulled his faction out of the government. israel should hold elections as soon as possible, urging netanyahu to strike a harsh blow against gaza's hamas rulers after two days of fighting. global news 24 hours a day on-air, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney donohoe. this is bloomberg. vonnie: thank you. intensifyings is -- squirrels are inte

coming up, anthony kennedy speaks about money and politics with david rubenstein. oomberg. ♪ david: this is what i am watching. david rubenstein airing tonight, sits down with anthony kennedy. they are talking about citizens united. that is the case when the supreme court struck down camping fineness. obama said it was a mistake and justice samuel alito said that is wrong. serve --hat he said to to defend with the supreme court did. kennedy: we have to address this another way and put the voters, if they see money they can vote against the candidates if they do not like it. rubenstein was david interviewing retired supreme court justice anthony kennedy. it is a big issue. this came up when president trump resized the judge in california, and they said president obama criticized. alix: we make a lot of pay about about a president, but it is not the only one. david: justice kennedy said we were not limited. alix: right. you can watch that tonight. coming up, sarah hunt will be joining us getting her topics for 2019 is forecasts range from 2400 to 3000 on the s&p. this

. ♪ david rubenstein show is brought to you by wells fargo technology banking.s sevenage person different devices in a business day to communicate. ago, i wasears visiting one of our key customers and they had all the technology under the sun for communication's. they said there's so much technology, why can't it work the way i wanted to work? it was such a powerful moment that we have been focused on seamless communications experiences for the user. ces for the user. david: let's talk about other things you have done in philanthropy. you are very involved in education. michael: when i was in elementary school, only 20% of jobs required a skill. today, whether it is a skill or 80-90% require some sort of skill. when we studied education in the 1970's, what we discovered was was the most educated country in the world. other countries have caught the u.s. and passed. yes, we are the leader in higher ed. as you know as the former trustee of so many of them. what we are strained in many ways in education. we are strained in many ways an education. really the educati

display over there and of course the series of conversations with extraordinary figures including david rubenstein just last night, david petraeus, robert harris, tim snyder and neil ferguson and tonight of course we are honored to welcome jesse norman. i've been looking forward to this event because just the a few years ago wrote the biography of edmund burke and to welcome him here to talk about adam smith we have these conversations to live up to churchill's admonition that the longer you can look backward to farther you can look forward. forward. we try to put this in action. jesse newman is the conservative member and parliamentary under secretary of state for the department of transport. he was the parliamentary under-secretary of state at the department for business, energy and industrial strategy from 2016 to 2017. he was a director at berkeley is entering his reputable years he taught at the university college london and is the author of several books including the aforementioned first conservative and the big society the anatomy of the new politics. he suffers the greatest handicap of ha

midterm as we will be hearing from the cochairman of the carlyle group, david rubenstein, and the ceof goldman sachs. the former u.s. treasury secretary will be joining us. now, back to the days business news. let's get a bloomberg business flash. >> softbank's second quarter profit has topped analyst estimates on gains from its technology investments and a solid performance from sprint corporation. operating profit rose. far exceeding the 373 billion average of analyst estimates compiled by bloomberg. founder of softbank says profits at the mobile business will keep rising despite government pressure to cut rates. the money manager who predicted the subprime collapse is now shorting to british banks over expectations of a no deal brexit. steve eisman says the u.k. is the biggest threat he is watching, but will not say which banks he is shorting. -- markets said metro bank and cyb g are the most shorted financials in the ftse 350. roos all reported a rebound in third quarter. sales revenue jumped 30%. the second result of quarter. rusal also benefits from high prices of aluminum. japa

of was on the latest episode david rubenstein show. watch all of that interview with alan greenspan tonight on the david rubenstein show at 9:00 p.m.. global news 24 hours a day and on tictoc powered by more than 20 72 journalists and analysts in more than 120 countries and this is bloomberg. commoditiess and are the real focus on oil this morning. the 600 point drop. futures up and then down. euro, 112 .16. oil, $55 a barrel when i walked in the door. bond, really captures the bond state of affairs for you there is brent crude pretty going to $100 a barrel. mexico, it is weaker. francine: it is weaker. the dollar's pretty much a steady. we had pound movement. stocks are dropping oil and turning higher and the pound, the best way to describe it as it is fluctuating. tom: the breaking news banner. is global themes growth. isn't, more eu growth there, is it? francine: no. the concern is it is political vacuum. angela merkel will not seek reelection. this is the story because of the budget for the we go back to brexit. tom: maybe we go to

in an interview with david rubenstein, they discussed the battle over brett kavanaugh.ll soon see the court is operating in a ,eliberative, thoughtful .nspiring way [indiscernible] they will see that in the opinions written. mark: you can watch the full interview with anthony kennedy on the david rubenstein show " peer-to-peer conversations." 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 mark crumpton. this is bloomberg. romaine: nvidia falling about 18% today. forecast andeak wrote issues about inventory levels. we have seen a slew of downgrades and price cuts. our next guest lowered his price target but said the issues nvidia is dealing with may only be temporary. director atging bernstein and joins us by phone. when i look if the inventory levels, up about 40% or so from the most recent quarter, will would lead you to believe this is something that could be worked through in a relatively short fashion? >> i think you are a little confused. you are looking at the invento

fink in singapore with david rubenstein.tions david rubenstein has had. right now, gina martin adams, the equity markets. let me tell you first about gtv very important. this is a set of charts that will get you going. you can steal them from your terminal, which is very cool. gtv , don't leave home without it. this is bloomberg. ♪ is is bloomberg. ♪ tom: it is a tradition, francine. the white house announcing the president of the united states will hold a post-election press conference in the vicinity of 11:30 this morning. no doubt that will be informative and nuanced by the president. talkinged an hour ago, about "a big victory." single best chart right now. all politics today. gina is like, enough politics. february, the vix ugly. up we went with massive amplitude. this time around, a little --st, but which is harder not to lose money in? there is a triple negative. >> people are losing money in either situation. the nature of the corrections is very different. february's correction was about an excess of optimism. w

uncertainty and so it was based on the lack of facts so a couple of things here let's look at what david rubenstein just recently said he said that college has not made the same kind of investments that it would have done into england why because of uncertainty uncertainty is never good for the business you just mentioned some of the numbers that predominantly down just because of uncertainty nothing negative is even happened yet but it's that lack of certainty that what is what impacts businesses this is complex i want to ask you two questions in one one is. about dominic rob the secretary or secretary of state while you were brussels in dublin i'm sure you're going to ask about right exactly but in addition to dublin because he did shock the his counterparts there i also want to ask about these letters one of them today one of my think yesterday from lawyers the top fifteen hundred fifty two hundred yes four hundred and boy they said some shocking think we may have it on the screen but essentially they are really concerned about where negotiations are and then there's also in addition to the lawy

she is not necessarily referring to carlisle and when i see you, i do not mean david rubenstein.t do you think she means by that? >> i've not talked to her and i don't know. a lot of people say things and campaigns. let's wait and see how the election turns out and see what happens when congress has to legislate. you think democrats will be hostile? >> i don't think so. sometimes democrats have been financial to the -- done things beneficial to the financial industry. i don't think you'll get legislation that will hurt the financial industry. ramy: coming up, more political reaction from the new economy forum. another weighs in on the midterm vote. >> it looks to me in some respects that the economic issue did play into the election. ramy: in global trade stays a hot topic. was at thesecretary china import expo and so the outlook is bright despite brexit . >> countries are lining up for the u.k.. ramy: coming up on bloomberg -- this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing whe

kailey: you can watch all of that interview tonight on the david rubenstein show.is that is at 90 5 p.m. new york time on bloomberg tv. global news 24 hours a day on-air and a tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. vonnie: thank you. pga's up, the pda's -- new bets. that is next. this is bloomberg. ♪ guy: live from london, i am guy johnson. vonnie: i am vonnie quinn and this is "bloomberg markets." pga tour announced a new partnership with imd arenas for official tour scoring data. it works with books and operators to distribute data and products. we will get more from andy levinson senior vice president of turner administration. before we get to the meat surrounding this, explained what is involved with this partnership. andy: the arena partnership gives us the opportunity to distribute shot by shot data, graphic representations, and video content to our fans internationally. primarily for the purposes of sports betting. we believe golf has a tremendous, untapped potential in the world of

for our churchill conversation we welcome ron dermer, david rubenstein, former pakistani president, actor gary aldman, distinguished historians including neil ferguson to discuss the particulars of his life and career but their application to our present day challenges. for churchill himself observed the longer you can look back, the farther you can look forward. thou let us turn to the main event. tonight, we will learn about a figure udderly devoted into history, who in his 30s wrote a boxer about a conservative historian statesman and has chronicled the wars around the world. in his views he wrote a single novel feech running the pro(review)nist like himself, and engaged in a struggle against tyranny. his articles a host of political and subjectles appeared in newspapers and articles around the world. a fervent admirer of napolean, and an honored guest at the white house he is truly made his mark on history. one of the reasons, the many reasons that andrew roberts may be the perfect boxer of winston churchill is that the above description applies equally to them both. >> i spoke of tha

anna: david rubenstein speaking to us from the bloomberg economy forum in singapore.rogrammoore from that as we go through. here is debra mao in hong kong. uncertainty over the brexit split has left the city of london reeling from a new blow. the are moving the european market from short-term finance out of london to guarantee they can still use it after no yield brexit. before they took over the 240 billion dollar a day business from next group last week. it is the first example of a major financial market leaving the u.k. spain's largest bank has escaped the billions of euros in back taxes after the country's supreme court said they should not be liable for mortgage payments. the decision reverses a ruling last month that lender should put -- should split the bill for the tax. passed on tolly customers. it triggered a backlash on social media with an antiestablishment party tweeting, the banks have one, the people have lost. that is your bloomberg is this flash. manus: the former u.s. treasury secretary hank paulson's warning about the consequences of america and ch

introduce the cochairman of the national book festival, a champion of reading and literacy, david rubenstein. >> thank you. we're very honored to have one of our country's for most historians and write erred, biology gaffers here, doris kearns goodwin. thank you for coming. how many people here have read "team of rivals"? "bull in pulpit?" book on lyndon johnson, what about the kennedys and fitzgeralds? okay. and how many people here agree that she's one of for most writers and historians. [cheers and applause] >> for those who don't know her brown, just very briefly, grew up in, new york, black lynn, and win to colby college, got her ph.d in harvard, white house fellow in the johnson administration, helped president johnson with his memoirs and then ultimately went back to teach at harvard and for the last number of years has been writing extraordinarily well received and terrific biographers and histories, and win ore the pulitzer prize for a become. so, you're going to be writing a new book coming out september 18th. it's on leadership. and it's about a book on the leadership skills of fo

ofaine: you can watch all that interview with alan greenspan tonight on the david rubenstein show.oco phillips. they are inviting bids by the end of the year for its remaining assets in the north sea above norway. those assets could be valued at $3 billion in the sale according to people familiar with the matter. a lot of these companies have been trying to get out of the north sea and move into more profitable areas. breaking,il today snapping its losing streak as well, finally finishing higher on the day. let's get you a check of the latest business headlines. don't sell your desktop fill your tech social feel your tank up just yet -- don't fill your tank up just yet. prices are down 20 persons per gallon in the last month. him andtes could see another five-15% fall before thanksgiving. bloomberg crunched the numbers and found dels equity group investments sold or plan to sell from for company since october last year. the dallas company has sold $8.5 billion in properties. is selling a head of a synonymy of supply. fight between silicon valley and investors. as of june 30 they va

introduce the cochairmen of the national book festival and a champion of reading and literacy, david rubenstein. [applause] >> thank you. we are very honored to have one of our countries foremost historians and writers, biographers here, doris kearns goodwin.n. thank you very much for coming. [applause] how many people here, how many have read team of rivals? okay? how many red bully pulpit? how many have read the book on lyndon johnson? what about the kennedys and fitzgeralds? okay. how many agree she is one of our foremost writers? [cheers and applause] for those that do not know her background, very briefly, she grew up in new york, brooklyn. and ultimately, went to colby college, got her phd at harvard, a white house fellow and the johnson administration, help president johnson with his memoirs. and ultimately went back to teach at harvard and for the last number of years writing extraordinarily well received and terrific biographies and histories and a winner of the pulitzer prize for one of your books. you're going to be writing a new book that is coming out september 18. it is on leaders

candid root -- candid remarks about president trump from chief economic advisor gary cohn and david rubenstein us any insights on why he is so concerned about trade of facets? deficits?rade >> no. one economist on amazon who thinks trade deficits matter and he listens to him. taylor: global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. bloomberg. david: gary cohn unplugged. alix: found some guy on amazon and went on to say trade deficits can be good. you tend not to hear that from people india administration. david: he does not seem to be pulling his punches at all. alix: that was pretty great. -- one of of a host the hopes of republicans was to change the tax code in their congress. the so-called tax reform 2.0. with democrats taking the house, the question is whether that remains on the table. we will come someone who knows the inner workings of congressional tax legislation, dave camp, he served in congress for 24 years from michigan, including as chairman of the house ways and means committee. he is now a

chief speaking to executive of exxon mobil and mastercard and united will hearl then we from david rubensteinfter the , and one of the leaders of goldman sachs. let's look at the markets. they are struggling in europe today. declined as optimism over this china trade deal receipts. -- receded. the fund is strengthening and head a u.k. cabinet meeting -- pound is strengthening ahead of the u.k. cabinet meeting. let's get to the first word news. u.s. sanctions on iran have gone back and forth after saiddent trump called -- behavior inligned the middle east. countries will get temporary waivers to keep importing iranian oil. as we party taken more crude oil off the market than any time in history. watch the efforts that president trump's policies have achieved. within tworling, 135 days. the divorce deal is agreed upon between britain and the european union. theresa may has secured concessions from brussels to remain in the customs union with the e.u. theresa may and the cabinet will -- discuss the situation tomorrow. contenders to succeeded chancellor angela merkel as the willr of germany criss

david: i don't know if alan or not.n is talking he is talking to david rubenstein. he is a little concerned about the future of the u.s. economy. >> it is going to be driven by the fact that debt is rising dramatically. there will be some curtailments occurring, and it will feed on itself. david: mr. greenspan is concerned about the future because of the debt. >> i am not sure. i think the budget deficit is helping the outlook for u.s. growth and push any recession to 2020. from 2019 we still have a fiscal impulse coming next year. andng interest rates, debt, more income to debt service, u.s. dollar strength, essentially their ripple affects of the fed tightening, this is how cycles generally end in a normal way when they are not inventory corrections. this is your typical description of a balance sheet tip over. alix: wrap this up. we had the tech selloff. now an oil selloff. how much risk is being taken off the market? >> you see in options that not a people are hedging, which suggests they reduce growth exposure, so a lot of the offoff is risk being taken the tab

that is david rubenstein, the cofounder and cochairman of the carlyle group.here in singapore at bloomberg's new economy form. much more coming in our coverage of midterm elections in the united states. this is bloomberg. >> him at the bloomberg new economy forum here in singapore. bloomberg economics has a comprehensive state-by-state analysis of economic factors most decisions in these midterms as we await results trickling in. we do know this report suggests democrats could be close and flipping the senate than pundits think. kathleen hays is with us with more details. will bloomberg economics be more polls have seem? >> they look at the political scorecard. they say it does show republicans keeping the senate, they give a state-by-state analysis and maybe a little more hope for democrats. consumer confidence in the present and future, consumers' view of government policy, economic health, coincident, meaning current, and leading indicators, and here is what potential signal shows they will remain republican, very strong economy. florida and west virginia h

been watching the geopolitics of markets panel at the bloomberg form in singapore, hosted by david rubensteinversation that was. we are keeping a close eye on the results of the election, we understand that democrats are set to take the house, republicans set to take the senate. we will get back to this shortly , let's talk about what else is happening. africa's richest man is waiting for markets to stabilize before ipo-ing. he spoke exclusively to francine lacqua in singapore. we have projects, almost $16 billion. which is $650,000 by day. it is a huge -- the largest single line in the world. so we have no infrastructure .e have to build our own report we had to build its seaside, about 10 kilometers in. there are so be challenges. we have got very far. equipment is arriving. we will commission the small ports we will build your so we hope to commission it next year, 3 million tons. the 650,000ve barrels by day. >> so when will you produce that 650,000 per day? >> by the end of the first quarter of 2020. >> so a couple of quarters. >> maybe two or more. but it will be very quick. it is a hig