i'm really pleased to be here with david rubenstein, cofounder of carlyle group and host of the davidstein show. david, thanks so much for sitting down. i know you have a busy day ahead of you. you are giving the keynote speech tonight. i don't want you to front run it. but can you give us a little taste for the people here at this conference, the titans of the investing world, what is the number one question the need to be asking themselves? >> right now, when you think about it, this conference was held two years ago, if you had known two years ago we would go through covid-19 as bad as it was and an economic recession as bad as it was, you would have thought the private equity world would have gone down. it is healthier than it has ever been. my point today is that if you looked at the most important economic and geopolitical issues facing the world now, is it likely we can also ignore them over the next two or three years and have a private equity world be in a bubble of its own? my concern is that maybe we can't, so i'm trying to get people to pay attention to the economic and ge

he is spending thanksgiving at the home of billionaire family friend, david rubenstein. we'll talk about how that is playing with critics as ordinary americans confront soaring gas prices. >> what message does it send to the middle class americans that president biden says he's trying to help that are struggling to cover the cost of the most expensive thanksgiving ever, that the president will take a few days off at a billionaire's compound in nantucket. look, if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better—xfinity mobile. now, they have unlimited for just $30 a month. $30. and they're number 1 in customer satisfaction. his number? delete it. i'm deleting it. so break free from the big three. xfinity internet customers take the savings challenge at xfinitymobile.com/mysavings. or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. >> president biden's approval rate keeps going down. 42% of americans approve of his job now. that's the lowest. fuelling the d

dani: david rubenstein speaking in berlin.he host of the david rubenstein show that errors on bloomberg television. an interesting theme, private equity markets have done so well , but the thought of risk from inflation from china could derail the rally. manus: they have got mountains of capital to deploy in a zero rate world. dani: everyone i talked to said it is all about tech. if everyone is in tech, what happens to those valuations with inflation going up and interest rates could soon follow suit? manus: let's focus on the u.k. economy. the latest gdp numbers for the third quarter. the country's economy has struggled in this month. not just in the u.k., but globally. good to see you this morning. will it be a supply chain excuse drama in the data? good morning. >> you are exactly right. growth is expected to have slowed after the rebound from the summer after the winter lockdown. we had the pandemic in the u.k., where you had to stay home if you had come in contact with a positive coronavirus case. it put the bank of engla

tom: david rubenstein with us.r-to-peer conversations have been wonderfully eclectic this year. tonight at 9:00 in new york. i want to go back to my interview of the week. that is priya misra saying the street is wrong, consensus is wrong, we will wait and wait, and i wonder what that will do to full faith and credit yield and what that will do to the credit in general? the demand for a little bit more guilt at the margin has to go sky high. lisa: although on the flip side, yields have already gone so low. where do we have to go accept concerns of a policy error? i think about the call for concerns of a steeper yield curve and letting inflation run hotter and i wonder how much that torpedoes things like big tech, how much that torpedoes things like investment great orbit debt that is seeing yields rise. these are some of the benchmarks i am looking at. at what point does that become issue for investors? tom: yields on corporate bonds are going up because they are choosing to have a seven year and not a five-year pi

tom: david rubenstein. conversations -- peer to peer conversations" tonight with the senator from west virginia. i am looking at this inflation. i know you are very young in the 1990's. you had memorized the over of of wilson phillips. i know you had memorized all of the songs of wilson phillips. number one when we last saw inflation at 6.2%. lisa: i have no idea what you're talking about. what i do know you're talking about is inflation, the idea we are going back to a very different time. i wonder how much this gets the fed's attention, the idea fed policies are quite directly affecting the cost of housing based on low mortgage costs fueling some of the housing dynamism we have seen. how much does the fed recognize this and start to get concerned, start to bring things forward? i also wonder about the real wage growth and think neil dutta was great on that. is wage growth enough to overcome some of this inflation we are seeing in the market? right now i do not know. the flattening yield curve seems to sug

professor ellis, you said during your interview with david rubenstein a little bit earlier that the american revolution or the american rebellion was a power issue i, not a money issue. could you explain that? >> i'll do my best briefly. the british attempt to tax the colonies and to impose 's latest mandates on them was officially was driven by the desire to increase revenue and reduce the size of the national debt was a big debt, 140 something dollars but in truth the amount of money collected was less than it cost to enforce it. the issue at stake for the colonists was not how much are taxing us but the fact that we have no say in that. and we are beingtaxed without our consent . so the underlying source of the crisis that begins in 1774. in the wake of the courses at his do you control us? and the british do we have the authority to govern and consolidate our empire in north america in a way that gives us control from london in a way that we never exercised before. >> when you talk about from london what was the oncommunication back and forth between the colonies and london at thatpoint

in this space, whether a rowboat advisor or brokerage app, if they figure out by giving you, david rubenstein, a certain signal, color, or behavioral prompt that you might trade more or you might buy a higher revenue credit for them, therein lies a potential conflict. what do we do when digital algorithms are maximizing for companies' revenues rather than our returns? we are trying to think that through. it is not just gamification. there is a conflict between the app and our investment returns. ♪ david: ceos today are more outspoken about public policy issues. is that a good thing or should ceos worry about the share price, earnings, things like that, or should they comment on voting rights, climate change things, what should they do? gary: we hear from market participants and that helps us be better at what we do. we hear from advocates all across the markets and all across the political spectrum. that helps the five of us in the commission to hear from the public. whether it is chief executive officer or someone buying their first 50 shares of stock in a company do we benefit from hearing

professor joseph ellis, you said during your interview with david rubenstein, a little bit earlier that the immersion revolution and rebellion was a power issue, not a money issue pretty can you explain that pretty. >> all be my best briefly that the british attempt attack the colonies and oppose legislative mandates on them was essentially driven by the desire to increase revenue and reduce the size of the national debt which was $147,000. but in truth, the amount of money collected was less the cost of enforcing and the issue at stake in the colonists was not how much you are taxing us, but the fact that we have no say given that that we are being taxed without our consent so the underlying source of the crises that begins in 1774, in the wake of the coercive acts is to control us and from the british, we have the authority to government and consolidate our empire the way that gives us control from london in a way that we never exercised before. >> so when you talked about from london what was the communication back and forth between the colonies and london at that point and how long

right now they're staying at the home of the billionaire david rubenstein. >>> instant and his helperse found pretty much everywhere, even underaware. this is scuba santa in kentucky. he was accompanied by some of his elves with sharks and stingrays. don't worry, you won't have to get in to give scuba santa your holiday wish list. he is all knowing. >>> isn't it the holiday season only when there is scuba santa? thanks for joining us. >> have a good weekend. we'll see you. [ cheers and applause ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon."

right now they're staying at the home of the billionaire david rubenstein. >>> instant and his helpersan be found pretty much everywhere, even underaware. this is scuba santa in kentucky. he was accompanied by some of his elves with sharks and stingrays. don't worry, you won't have to get in to give scuba santa your holiday wish list. he is all knowing. >>> isn't it the holiday season only when there is scuba santa? thanks for joining us. >> have a good weekend. we'll see you. >>> tonight, the new covid variant raising alarm around the world. the u.s. banning travel from eight african countries after the world health organization labeled the new omicron variant found in south africa as a variant of concern. the fears triggering the worst day of the year on wall street. the dow plunging 900 points president biden spending thanksgiving on nantucket his new message to all americans. >>> and the question: is the highly new mutated variant more transmissible and can it evade the vaccines? dr. fauci is here. >>> shots fired at a mall filled with holiday shoppers the images of shoppers fleein

. >> i'm david rubenstein and i have the honor of interviewing joseph ellis about his latest book because, american revolution and its discontent 1773 to 1783. welcome to our show joseph ellis. >> pleasure being with you david. >> thank you. for those who don't know joseph ellis he is one of the countries league's leading scholars of the revolutionary war era and he is the person who's written 13 books on the subject . he's a graduate of a college of william and mary. he's the leader of the pulitzer prize and the national book award. his latest book is an explanation of why we went to war with the british and why the british ultimately ended the war unsuccessfully from their point of view. we to say i've read all of joseph ellis's book and i enjoyed this one the most and found i learned more from this book and any of the other books so thank you for writing this book . >> i'm glad to hear that. it's perhaps the most myopic person in terms of understanding how it will be received but i'm happy with it and i hope other people will agree with you. if you like the book founding brothers which

when we come back, we'll continue talking to professor david rubenstein, hearing cam bridge, and we're talking about what is a tough stay with us. ah, b u is in the process of finalizing what is being called the strategic compass for security and defense. this is a shorthand for what may become an e u army. this is not a new idea, and there is no guarantee that will ever come about is europe capable of defending itself in this competitive world? i saw a message from an unknown account, it had a self who with my passport as its profile page, i saw pictures of my documents. it was they also sent a credit contract. if i had just 3 days, you know, comply with their demands. if i didn't send money and they sent up an online hate campaign that i was supposed to be a very dangerous man. with you a tool that was bad for your eyes and your posture that it would stop you from having real friends and finding a girlfriend. but what they fail to mention is that you can make thousands of dollars every weekend by simply playing video game. a little bit ago we formed the fortunate wesley with georgia

well, today i talked to david rubenstein, professor of molecular, all newer genetics that cameras university, and we're talking about the mysterious phenomena of the tougher g. did it so great. have you on our program today? so 1230 is like the topic. everyone's talking about it. lots.

well, today i talked to david rubenstein, professor of molecular rural me, were genetics at cambridge university, and were talking about the mysterious phenomena of a ta for g. it's so great to have you on our program to name so tar for g is like their topic. everyone's talking about it, lots of myths around it. so, from what i understand to correct me for iraq, a ta for g, like process where cells deprived of nutrients, they sort of get rid of damage structures and develop nuance. is this a correct explanation? i clarify, but it's a process that occurs inside cells and it occurs outside the nucleus. so in the cytoplasm, and it's a process where cells form these double membrane structures which are like sax, which capture portion of the side of plasm and then deliver them to water, the incinerator of the cell, the license for degradation. so that's what we'll ta for 2 years as a process. the idea that it's stimulated by starvation is something about his concern from here to people, but it's not always induced by starvation, the other ways of switching it. all right, so let's clarify w

. >> david rubenstein says investment in china needs to tread carefully as the government crackdown onious industries. we spoke with him about geopolitical issues today. >> the number one economic issue is when interest rates go up, inevitably they will. the biggest your political issue is the chinese u.s. relations. as a result, i think people have to worry about investing in china or doing business with china. that is an issue. also, what the ramifications are if this gets worse. if something happens with taiwan, how will that affect the ship business? those are the two biggest issues. we will see what the impact will be on the stock market. >> last year when you spoke to us, you talked about the u.s. being the best place to invest but china was not too far behind on your list. is china still attractive place to be investing? >> china is attractive but not as attractive as it once was because the regulatory environment there has become much more complicated. more american companies are afraid to do business there. as a result, it is not quite as welcoming as it seemed to be two years

. >> i'm david rubenstein and i have the honor of interviewing joseph ellis about his latest book because american revolution and its discontent 1773 to 1783. welcome to our show joseph ellis. >> pleasure being with you david

the bidens are staying at the 13-acre $30 million compound owned by billionaire david rubenstein, founder of the carlisle group. from that home, the president and first lady surprised al roker today. >> hello, mr. president. >> hello, al. how are you doing, pal. >> reporter: with a call during the macy's thanksgiving day parade. >> my message is after two years you're back. america is back. there is nothing we are unable to overcome al. >> reporter: in a video message, the bidens noted while many families can celebrate together again others feel an absence today. >> we also keep in our hearts those who we lost and those who have lost so much. and those who have an empty seat at their kitchen table or their dining room table this year. >> mixed emotions indeed. and kelly joins us live from nantucket. kelly, there are new test results from the president's physical which was last week, right? >> reporter: that's right. the white house physician has given us a new memo that says that the results are in on the colonoscopy and a polyp that was removed during that procedure is benign. it is cons

big things to capture msnbc morning show is a great discussion about the american dream was david rubenstein the end joe scarborough took it into a polarizing direction trump voters don't believe in america. it sounds to me like that is outrageous and i said so on twitter that prompted a furious reply he called me a liar i never said that i would never say such a thing okay that was pretty definitive perhaps i miss her so i replied i would happily withdraw my comment if i was wrong let's check the tape i said. i assume they have the tape since it is their show but i have not heard back. 's we checked the tape and here it is spent have a lot of work to do to convince people the american media is still alive. >> and you see a lot of people who supported certain candidates in 2016 and 2020 not believing in america and even getting to a point where they attacked the people's house united states congress. steve: he absently said what i heard maybe he meant something else but he didn't it was a casual smear against millions of americans and call me a liar for pointing it out i would make too big o

okay >> all right up next, carlisle group david rubenstein will talk inflation and much more. >>> oilally may ease as global production rises. that itself hope at least. wti 81.46 a barrel brent at 82.83 we will talk to goldman's jeff curry about what we can expect as we head into the winter months, "squawk box" will be right back so, you want evs, you have come to the right place. is that tom brady? yeah. he comes in to recharge, get software updates. you know. let's go! today, your customers want it all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and managing operational issues that's why so many businesses work with ibm. (swords clashing) -had enough? -no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> with inflation at its highest level in year

biden arrived on tuesday to a massachusetts home of private equity billionaire david rubenstein saying the property will extend through sunday, the president released a thanksgiving message, quote, we are grateful for the farm workers and front-line workers many of whom are immigrants, making sure they are harvested and shipped and keep cities and towns clean and safe. is this being the most expensive thanksgiving ever the president said this week the opportunity to buy product at all is a win. >> grocery stores well-stocked with turkey and everything you need for thanksgiving. >> the price of a turkey up 24%. others up double digits as well as many feel the president's luxury nantucket backdrop is inappropriate. >> to buy a thanksgiving turkey or christmas present costs more and what is president biden doing? hanging out eating lobster. >> he will be living it up like a king or monarch and they don't want us to send guests home, that is how touched they are. >> a new poll by the morning consul found 62% of registered voters blame the president and congress for current supply chain iss

tuesday president biden arrived at the $30 million nantucket home of private equity billionaire david rubensteind republicans feel the backdrop is out of touch. >> to buy a thanksgiving turkey or christmas present costs more and what is president biden doing, hanging out at a billionaires house, >> the guy that's going to be living it up. they don't want us to have a turkey, and send gifts home. >> peter doocy pressing the white house this week. >> what message does it send to middle-class americans at a billionaires compound in nantucket. >> any increase in prices is something the president is concerned about. abundance of turkeys available, one dollar more for a 20 pound bird which is a huge bird. >> the president released a thanksgiving message expressing gratitude for farmworkers and frontline workers, a major test of the president's economy will come tomorrow. carley: happy thanksgiving. todd: according to a new poll 62% of voters think the president shares the blame for the supply chain issues but as workers, worries mount about the economy, miranda devine says president biden does not see

biden is spending thanksgiving with david rubenstein who worked in the carter administration.e's going to be sitting around saying "tell me i'm not as bad as jimmy." >> dana: you can imagine jimmy carter's looking at the media thinking i really wish you didn't care about inflation when i was president. >> joe: or at least -- at least he did some things after his presidency. he is a georgian so i kind of like jimmy carter a little bit. >> jessica: no one doesn't like jimmy carter. >> dagen: my parents. >> joe: biden said pluck it. i'm going to nantucket. >> dana: i'm getting the birds. getting the birds. >> joe: turkey is a couple more dollars. you're feeding into their narrative. i thought not what we need to talk about. it's not about the price of turkey going up. it's a very accessible commodity that should always be going down. where the hurt is is nobody sitting at home for thanksgiving. we drive there. my family drove two hours to my house and i'm not there. the best thanksgiving they've ever had. they are spending hundreds more dollars to drive. the people that can't aff

in one of the latest episodes of her podcast my next guest sat down with businessman david rubenstein the country's core belief system and how much worse things could have been without what he calls america's dna. >> just like humans have millions of genes, we have millions of genes in our dna pool. but i try to cite 13 of hem which are the ones that people would probably know, but the ones that people might not think about is the belief 2349 american dream, that you can rise up from the bottom and come to the top and diversity or belief in separation of pour powers and the transfer of power and the things that are part of the dna and i say in the beginning of the book as you probably know that had we got had the pieces in the dna the events of the election and the january 6 could have turned out differently. >> joining me now is sharon mcman host of the sharon says so podcast. thank you for joining us on this. i want to expand on what we heard and talking about america's dna and how things could have turned out differently had the dna not been what it was but if we look ahead and the

inflation air force one in the first family $30 million compound owned by private equity billionaire david rubensteins an annual tradition and biden gratitude for farmworkers and front-line workers many whom are immigrants to make sure the food is harvested and shipped and keep the grocery store's stock. the american farm bureau federation report of those goods are costing americans more than ever before. the average cost for 10% thanksgiving day mill up 14% from 2020. >> what i feel for our people on fixed incomes. we can make jokes that the turkey is only about $1 more. >> white house talking points on the economy and inflation, improvement and bottleneck and availability of goods ahead of black friday. but ominous language around the cause of inflation calling the ocean shipping cartel with inflation and stating a deeper cure to congestion at ports will take years. the white house touted other signs improving jobless claims and also having the lowest point since march 2020 but the white house continues to make the case for the social spending plan has a long-term solution to economic trouble. also

david rubenstein saying some things very similar to that. it is just too hot out there.uy: and the question he was asking, how will asset prices adjust when we start to see rates going a little bit higher? that is the question the market is grappling right now. when will rates go higher? joining us on bloomberg television and radio is bloomberg's mike mckee, who is sitting down with mary daly from san francisco, the fed president and ceo. michael: good morning to everyone on bloomberg television and radio worldwide. i have to point out, this is mary daly. she is here in person. we are actually sitting down. some progress being made against the virus, i guess. this is a good sign. however, we do have to talk about inflation. it is not often you can celebrate economic history, but today is one of those days because given this morning's cpi, we are now looking at a real yield of roughly -6%, which is lower than we got in the 1970's. does that tell you that we have a problem? mary: certainly we have a challenge right now. inflation is high, and it catches people's attention

alix: that was david rubenstein speaking to bloomberg's dani burger at the super return summit in berlins also the host of "peer-to-peer conversations" on bloomberg television. katerina simonetti, morgan stanley private wealth management senior vice president and private wealth advisor, joins us for that. so this is going to knock out all the valuations we have seen. to that point, i should point out that rivian is indicated now to open at one under $25. talk about valuations. what do you think? katerina: thank you for having me on the show. of course, the market has given off surprise after surprise after surprise. valuations absolutely matter. as much as the retail investors in the markets -- supply chain interruptions, higher labor costs, all of that eventually is going to translate into the earnings revisions, not to mention potential for higher taxes, higher inflation. this is the reality. with that said, we the consumer are strongly supporting this market, and we think that this spending, strong consumer spending, is going to continue throughout the end of the holiday season. but t

right now they're staying at the home of the billionaire david rubenstein. >>> instant and his helpers can be found pretty much everywhere, even underaware. this is scuba santa in kentucky. he was accompanied by some of his elves with sharks and stingrays. don't worry, you won't have to get in to give scuba santa your holiday wish list. he is all knowing. >>> isn't it the holiday season only when there is scuba santa? thanks for joining us. >> have a good weekend. we'll see you. [ cheers and applause ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests - taylor swift colin quinn, comedian jared freid and featuring the legendary ots crew >> questlove: 1549 >> steve: and now, here he is, jimmy fallon [ cheers and applause ♪ ♪ [ cheers and applause >> jimmy: oh, my goodness. look at that look at that right there hey! look at you. welcome, welcome, welcome. oh, my god [ cheers and applause i love you, buddy. welcome to "the tonight show." you guys, it is veterans day and tonight, ou

i'm vice president of the david m. rubenstein national center for white house history. in 1901 when president william mckinley was assassinated, vice president theodore roosevelt became the youngest person to hold the office ever at that time. he was just shy of 43 years old. early on in his presidency, roosevelt asserted his personality on the office. he wanted to expand executive power and he did this, actually, with the building of the west wing in 1902. part of the reason this happened was because the roosevelts moved into the white house with six children. and all presidents had worked on the second floor of the white house. the work spaces were on the east end and the family's private quarters were on the west end. because the presidency has expanded, there wasn't enough space for roosevelt's family and the people who were supposed to be working for him. so he hired an architectural firm from new york which not only oversaw a major renovation project within the white house to unify and return it to its roots, but also to build the modern presidential work space. t

david rubenstein inviting the biden family to stay at his estate. estimated to be worth more than $30 million. the white house did make sure to mention the president has stayed with rubenstein before and for context past presidents have stated wealthy friends over the holidays. president clinton with the democratic donor on martha's vineyard for one example. critics say that this day with the economy in a tough place shows president biden is out of touch with the problems facing working-class americans even as he tries to show them that he relates. the american farm bureau federation found last week the average cost for thanksgiving dinner of ten people reached an all-time high this year, up 14% from 2020. turkey per pound is up nearly 9%. potatoes are up 20%. onions 32% cranberries a little over 2%. lettuce is up nearly 12%. >> moms and dad are worried, asking, will there be enough food we can afford to buy for the holidays? will we be able to get christmas presents to the kids on time? if so, will it cost me an arm and a leg? families can rest eas

they're staying in a mansion owned by david rubenstein and the carlyle group. spent more amid u.s. economic uncertainty. james, you know, all presidents have rich funds, all presidents go to their rich friends' houses. i don't fault him for that, but i fault him for the poor, expletive, management of the economy and the government since he took office in january. what say you, james? >> yeah. i think he is responsible in part for this inflation. juicing the spending, i think if you look back to march, you could say it was that $2 trillion spending plan, was it really needed? you could look at what he's trying to do now, this government spending as we know has been aided and abetted by loose monetary policy at the fed, money creation. and so we have this kind of government juicing of the demand side of the economy and depressing of the supply side and not a huge surprise. you get too many dollars chasing too few goods. but i also wonder what he was talking about when he said two years. he's been in office ten months. was he -- i'm not sure whether he was confuse

vacation from the white house only said that the first family will stay at the home of their front, david rubensteinresident to spend holiday at a wealthy from cells. former president clinton stayed at martha's vineyard and former president trump often spent his holidays at his own luxury hotel. criticism has mostly come from republicans who say the holiday with soaring inflation is out of touch with the problems facing working-class americans. the american farm bureau says the average price for thanksgiving dinner hit a record high this year, but former obama affects chief also weighed in tweeting "just a friendly reminder, they were up to pay fair market value or disclose the gifts of free lodging in his annual closure in may 2020. just reminded not to let it slip through the cracks." ahead of the trip, the white house deflected questions about what kind of messages the vacation sounds with the economy in a tough spot. thanksgiving is a time for politics aside, the e with loved ones, and share thanks. president biden said this while visiting costar members a little an hour ago. >> automatic before