nga chair asa hutchinson will participate with a founder of the carlyle group, david rubenstein.ollow along with our new video app, c-span now. announcer: washington unfiltered, c-span in your pocket. download c-span now today. ♪ announcer: governor asa hutchinson briefs reporters to kick off the nga's annual winter meeting in washington dc. joining governor hutchinson is governor polis. they discuss priorities with the program and answer questions about covid-19 mandates. this is about half an hour. >> i am honored to serve as chair, it is one of the great honors i have had in public service to be chair of the nga, and incredible organization that serves 55 governors of our states and territories with a couple of key missions, one of them being determining things we can agree on in a bipartisan way and presenting and advocating to washington d.c. on behalf of the governors on those issues, and secondly, which now is more important than ever policy innovation being shared with each other. sharing ideas is one of the great benefits of nga. this is our 114th winter meeting, one of

. >> david rubenstein peer-to-peer conversations is sponsored by wells fargo, helping clients use profits for a purpose in the communities we serve. david: i want to talk about starbucks. you have been on the board for how long? >> since 2006. david: do you go to starbucks every day? do you have to wait in line like everybody else? >> yes. that is important to see how everything is working. how long it takes, what is happening in the store. david: when you walk into any starbucks, they must know you. mellody: no, it is good to not be recognized. you can truly assess how things are going. i take pictures of the cases, i do all sorts of things. david: what is your favorite drink? can you say? mellody: i make a joke, i like my coffee black like me. [laughter] david: howard schultz has been a mentor. he is the founder. mellody: very important. david: there are other coffee chains around the world, what did he do that made it the biggest in the world? mellody: he started saying he wanted to create a different kind of company, and he had a point of leading through the lens of humanity. it sound

david rubenstein joins us right now.lker, really interesting character on changing philanthropy. what you learn from him on the new philanthropy? david: darren walker is someone who has as much impact on the philanthropic world is people who are worth billions of dollars because he has transformed a lot of philanthropy and what he is done at the ford foundation and also by influencing a lot of other well-known philanthropist. tom: what is important is you dude these peer-to-peer conversations -- you do these peer-to-peer conversations they never dovetail with the news as nicely as they do today. darren walker was at ubs. we see ubs today move exxon out of their climate funds. the ford foundation and others, many were directly related to, are having the same discussions. what did you learn from darren walker about how to manage esg in the new philanthropy? david: darren walker, when he became head of the ford foundation, he said i will focus the ford foundation on one thing come inequality in our society. he got rid of a

david rubenstein is dropping the lead line here. e that duke university could generate a guy like fred who did coinbase, did this, and now takes part in citadel? david: i'm sure the development people at duke will be in touch with him shortly. [laughter] but obviously we are proud to have people like that come from duke university. ken griffin is a graduate of harvard and came from circumstances and has been trading ever since. he has become one of the most successful people in the financial service world. tom: a joy to have you join us. david rubenstein of course of carlisle. melanie hopson who has been a board member for bloomberg philanthropies as well. lisa, the markets move and i will say it is a constructive treatment on what we see off of this inflation report. lisa: people already had a sense of what to expect and it seems like the market is taking in stride some of these figures. looking under the hood, i'm struck by this inflation report. it is not a food and energy driven one. of the core cpi rising more than expected with

we are honored to be joined today by david rubenstein. many of you know david as a leader in finance and equity having founded and led for many years the carlyle group. prior to founding carlyle david practiced law and served in the white house. david has been a leader in patriotic philanthropy giving generously to support icons of american history from the washington monument, monticello, and mount vernon. among many, many others. mr. rubenstein is -- has also provided to the u.s. government long-term loans of his rare copies of the magna carta. that is amazing to think about. the declaration of independence, the u.s. constitution, the bill of rights, the emancipation proclamation, the 13th amendment , the first map of the united states, and the first book printed in the country. additionally, david has an and start he has a program on bloomberg television that focuses on leaders and government -- in government, business, academia and philanthropy. with that background david will moderate a discussion around bipartisan governor leadership

the chair will participate with david rubenstein, cofounder of the carlyle group. watch at 1:00 p.m. eastern, online at c-span.org or follow along with our video app, c-span now. >> on thursday, the house oversight and reform committee looks at the washington football teams workplace culture. a day after the team announces its new name. watch live at 10:00 a.m. eastern on c-span three. online at c-span.org. or watch >> next, transportation secretary pete buttigieg badge -- transportation secretary pete buttigieg at the annual winter meeting of the national governors association in washington, dc. he talks about the infrastructure bill and improving the nation's roads and bridges. this is about 45 minutes. >> can we get to stage mike's --mics on? >> they are on now. >> welcome everyone. i hope you had an enjoyable time. thank you for reconvening for session two of the national governors association. as you are all aware last november the house passed and the president signed into law the infrastructure investment and jobs act. this long-awaited package was the resul

don't miss tonight's full episode, david rubenstein show, 9:00 p.m. new york time on bloomberg tv.ext, shares of jeffries falling the most in two years after the porting 50% fixed income trading revenue decline. this is bloomberg. ♪ >> investors may want to switch to low pe stocks. they are hard to find in the u.s. but not other markets. jon: this is "bloomberg markets ." jeffries, we have been talking about this one. shares falling the most in two years after fixed income trading revenue tumbled 50% from a year earlier. sonali has been covering these earnings. you are saying it is like your super bowl week. some lost momentum before we get to some of the other players reporting later in the week. tell us more about the quarter. sonali: volatile numbers are expected, but it shows you how much wall street has gotten used to record after record. the 50% decline at jefferies is not expected at some of the bigger firms. jp morgan, analysts are expecting a 16% decline in fixed income trading. but investors need to start getting used to more normalized trading environment. in this quarte

paul: ray dalio of bridgewater associates speaking to our david rubenstein. of the david rubens -- catch more of david rubenstein "peer-to-peer conversations" next week on bloomberg and tune into the fed's first decision of the year just after five: 30 a.m. -- 5:30 a.m. in hong kong. plenty more coming. this is bloomberg. ♪ ♪ shery: we are counting down to the start of trading in tokyo insole. these are stories we are watching, consumer confidence strengthening in january, suggesting shoppers already to push past the pandemic. data today shows the sentiment rose slightly to 100.4. we will be watched -- be watching for retailers at the open. a heavy slate of earnings coming up, including lg display, innotech and kia. we are also on bear market watch on the kospi index. it already plunged more than 17% from its july top. in japan come of the topics is in correction territory after falling more than 10% from its september peak. not surprising, given all the challenges companies in japan face, like toyota adding three more days of production halts this month on p

nga chair asa hutchinson will participate with a founder of the carlyle group, david rubenstein.w along with our new video app, c-span now. announcer: washington unfiltered, c-span in your pocket. download c-span now today. ♪ announcer: governor asa hutchinson briefs reporters to kick off the nga's annual winter meeting in washington

we spoke to david rubenstein about if now is the right time to buy or sell. ket in the last couple of weeks has been correcting, if that is the right verb, and a lot of the air is out of the so-called bubble. should people be getting into markets now or not -- hour is now the time to buy? >> first of all, i'm not here to give a lot of advice. david: we won't tell anybody. >> ok, just on our own. what has happened is they produced a lot of debt and gave out a lot of money, so everybody has got money, and it is also easy to borrow money to buy things, and as a result, it you create much more buying power, you create goods and services, you got a lot more inflation. the federal reserve has been behind the curve, slower to tighten monetary policy, and as a result, we are starting to see the rise in interest rates to be able to deal with that. as that happens, all assets compete with each other, so now that free money is still going to be cheap money, but it will be a bit higher, so interest rates -- let's say bond yields -- have gone up about 1%. you take that and

dani: david rubenstein speaking at bloomberg's year ahead conference.s call is for a correction. is our next guest breaking for one as well? maria, i know you are a bull, so let's start there, but within a bullish context, are you bracing for possible correction in this market? maria: good morning, you're absolutely right, i've been bullish for quite a while. strong earnings accommodating monetary policy, those things are still there. everyone's talking about the fed removing accommodations. were talking about rate hikes from a very low level, and looking at long-term expectations, it's still going to be negative real rate for about a decade. it's a little bit less accommodative than before but if we continue to get earnings the equity can continue very strong. some sticking with my bullish views. manus: let's talk about that. we just had asml, i think they're going to return to pre-pandemic demand. these are stormy numbers at the high end. third quarter fiscal sales rose 53%, retail online. can the explosion -- >> it's an enormous amount of money still

aza hutchison purchase a pate with david rubenstein,.nline it c-span.org and follow along with our new video app, c-span now. >> c-span is your unfiltered view of government. funded by these television companies and more, including buckeye broadband. >> buckeye broadband supports c-span as a public service, along with these other television providers, giving you a front row seat to democracy. >> here is what's ahead on washington journal. after a quick look at headlines, we will speak with health care reporter amy goldstein about record sign-ups for health insurance coverage under the affordable care act. the new york times economics correspondent peter goodman joins us to talk about his book, how the billionaires devoured the world. supreme court blogger looks

that was bridgewater associates ray dalio speaking to david rubenstein about his concerns surroundingpto. those comments coming as bitcoin climbs back above the steep declines -- after the steep declines we have seen recently. let's bring in austin reid, chief of staff at digital trading platform falconx. let me get your take on what we have seen the past few days, the markets have been insane. what do you make a bitcoin's movements and the correlation we have seen two other risk assets? austin: it's an interesting question. thank you for having me. what we have seen over the past month and a half has been an increasing correlation between bitcoin itself and the broader crypto ecosystem with high-growth tech stocks. if we compare crypto, specifically bitcoin and ethereum, versus other high-growth fintechs, we have seen relatively strong performance in contrast to those names that have traded down over 50%. that said, we are still seeing significant volatility in the market, continued correlation too many tech names, which resulted in the pump yesterday once we saw the equity markets t

guy: david rubenstein is talking to bloomberg right now on another of our channels, talking about theat compensations on wall street "defy gravity." is this a wily coyote -- a wile e. coyote moment on wall street? jeff: as long as you are producing, you will probably always get paid. that is where it gets competitive. but when revenues are being generated, the people responsible for the revenues are going to be compensated. i think things are getting tighter and tighter outside of your revenue generators and some of those support functions, but that is what we are seeing all over the economy. on wall street, they have always been paid well. i think they will probably continue to be paid well. kailey: it will be interesting to see what we see with expenses when it comes to the reports we have yet to get from morgan stanley and bank of america tomorrow. of the results we have seen thus far, what is the reach were going to be for those two banks? jeff: i think what we will see is still good capital market activity levels. trading probably a little weaker than we hoped, investment backing

dalio was interviewed for "the david rubenstein show: peer-to-peer conversations." >> the amazing accomplishmentammed it, to have 11 years that it has not been hacked, but it is a very vulnerable instrument because they can track who is operating it. it will be outlawed probably by different governments. in terms of its size, it has issues. i think too much attention is spent on crypto. ritika: you can watch that entire interview on bloomberg tv . global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: thank you very much, indeed. we got ge earnings a little earlier today. sales missed. the call with mr. cope has wrapped up test with mr. -- with mr. culp has wrapped up. let's look for a sense of direction from that call. brooke, what have we learned? what sense of direction did you get? brooke: i think what really made this earnings day extra confusing is that ge is moving to what it says will be a simply hide reporting structure going forward, where it will consolidate

nga chair asa hutchinson will participate with david rubenstein, cofounder of the carlyle group.atch live at 1:00 p.m. eastern on c-span, online at c-span.org, or follow along with our new video app, c-span now. ♪ >> in 2019, reporter ben raines discovered the slave ship matilda in a swamp outside alabama. sunday night on q&a, mr. raines talks about his book, the last slave ship, which details his history with the matilda and how and why it transported 110 slaves to alabama in 1860, more than 50 years after the transatlantic slave trade was outlawed. >> we have the whole story, and it serves as sort of a proxy for everyone in the united states, and really in the world, whose family arrived in whatever country they're in in the hold of a ship. most of those people, millions of palm millions, we know nothing about because their stories were not recorded. so it's a proxy for this last history for these millage of people that were stolen from africa and spread around the world. and that's really what is so unique about it. it is the whole story of slavery ,all encapsulated in one pie

you can see more of that conversation next week on bloomberg television on david rubenstein's show.chinese markets going off for lunch. these are the last prices we will get before they do so. it is a read story across the board. -- it is a red story across the board. the golden dragon index in the u.s. falling back as well and as a result, the likes of alibaba and others including properties, those responsible for the broad-based falloff we are seeing -- as we see the global and asian selloff continue. haslinda: red across the board. the nikkei 225 comes back from lunch break. asian markets -- a hawkish fed. don't forget the tensions in ukraine. look at where we are in terms of inflation concerns. getting reflected in singapore and australia. currently trading up. on the back of the second tightening in just three months. three year yield in australia at 1415. cryptocurrencies under a lot of pressure. cryptocurrencies were up by about 140% last year. it going dropping 1%. not a big headache. good to see some correction. we are tracking defense stocks in korea and japan on the back

an undertaking funded by david rubenstein. >> when you look at pictures of president kennedy, he was, handsome, and energetic, the public came to know his face, his gestures, long before he was immortalized by his assassination in 1963. so any physical represent representation of him had to be realistic. >> the client , in this case the kennedy center, all they told us was they wanted something that was approachable. so we began banging our heads together and looking at the imagery. >> reporter: debra schwartz is director of projects at the studio and sister to ivan and elliot. >> i went through everything about kennedy: his jacket, his hair, his tie, his h h handkerchief in his pocket -- >> reporter: and it is this measure of study and observation that makes schwartz's statues particularly relatable. >> none of us knew this, but as we started watching the film, he would constantly touch his coach jacket button. >> reporter: when the idea comes through, the crafting begins, from the clay foundation, making the mold and pouring the bronze to the finishing touches. each step of the pro

the chair will participate with david rubenstein, cofounder of the carlyle group.t 1:00 p.m. eastern, online at c-span.org or follow along with our video app, c-span now. >> on thursday, the house oversight and reform committee looks at the washington football teams workplace culture. a day after the team announces its new name. watch live at 10:00 a.m. eastern on c-span three. online at c-span.org. or watch >> next, transportation

asa hutchinson will participate with david rubenstein, cofounder of the carlyle group.low along with our new video app, c-span now. >> on the c-span networks, the house and senate are both in session. the senate will vote on nominations, including the u.s. ambassador to germany and the president of the export import bank. two hearings for the nominations for white house budget director. they will appear before the senate committee. live on c-span.org and the c-span now app, they will testify before the budget committee. former employees of the washington football team testify before the house oversight committee about reports of sexual harassment and discrimination. the hearing comes after the teams are expected to announce the new name. watch on the c-span networks. live or on demand any time, c-span, your unfiltered view of government. >> download the new mobile app and stay up-to-date with live video coverage of the biggest political events, from live streams and congressional hearings. we hear your voices every day. c-span now has you covered. download the app now f

the chair will participate with david rubenstein, cofounder of the carlyle group. watch at 1 p.m. on c-span. >> c-span is your unfiltered view of government. broadband is a force for empowerment. charter is connecting us. >> charter communications supports c-span as a public service along with these television providers giving you a front receipt to democracy. -- >> next week, the house and senate are both in session. on tuesday two hearings for the nominations of white house budget director and deputy director. at 10 a.m. eastern on c-span they will appear before the senate homeland security committee. then they will testify before the senate budget committee. on thursday at 10 a.m. eastern on c-span3, former employees of the washington football team testify before the house about sexual harassment, verbal abuse, and discrimination within the organization. it comes one day after the team is expected to announce its new name. watch live on the c-span networks or c-span now. head over to c-span.org for scheduling or to stream video live or on-demand anytime. c-span, your unfiltered

the nga chair will participate with david rubenstein. watch live on c-span.e at c-span.org or follow along with our new video app, c-span now. >> in 2019 reporter ben raines discovered the remains of a slave ship in the swamp outside of mobile, alabama. on cue and day he talks about the book "the last slave ship," which details the history of the ship and how and why it transported 100 slaves to alabama more than 50 years after the trans-atlantic slave trade was outlawed. >> it serves as sort of a proxy for everyone in the united states and the world whose families arrived in whatever country they are in in a ship. most of those people we know nothing about. so this is a proxy for this lost history for these people who were stolen from africa and spread all over the world.