you are on with david rubenstein. >> i need to talk mr. rubenstein what a delight is program is on sunday evening and what example of a beautiful way to use resources that are great to build up american treasures and add to them. it is a wonderful, wonderful project. i loved everything about the program on sunday, friday nights when he gets his tie straightened and he starts to talk to some interesting individuals about how they made success. very interesting, so thank you very much, mr. rubenstein. >> thank you for your kind words. >> what was eleanor referring to on friday night and sunday night? >> i have a program where i interview people at the new york historical society and it is put on pbs. i have a program on bloomberg tv that is put on pbs as well. >> and the new art historical society program? >> is people who are great writers typically history but not only history. it is about a half-hour interview and a full-length interview. it is a long interview for a history book. >> people who are just meeting you for the first time toni

we have david rubenstein joining us on how to invest in this environment. one thing i learned just following david's career and the people who profiles it, some of the most successful investors on earth is they are all very rich but they weren't always very rich, but the one thing they all have in common is they zig when everyone else zags and there's something to be said about that. how are they zagging right now? we'll ask david. ♪ ♪ ♪ ♪ ♪ ♪ another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. like any family, the auburns all have... individual priorities. some like strategic diversification. some like a little comfort, to balance out

. >>> later, david rubenstein will join us to talk taxes and inflation and much more. you are watching "squawk box" and this is cnbc >> announcer: squawk ceo call is sponsored by truist wealth where meaningful relationships matter most. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designe

we had a chance to talk to david rubenstein.d together a collection of interviews with some of the most successful investors. the issue about woke investing and investing for causes that matter, regardless of whether they make money is how we kick things off. let's just say on that issue, david rubenstein has different views. take a look. >> you make a good bet, you're helping the economy generate and creating jobs. on the weekness, people are concerned about esg factors. >> neil: are you personally? >> of course i am. there's that drive everything i do? it's a factor. it was not a factor 20 years ago. 20 years ago nobody paid attention to esd. now everybody does. people invest on the their own family offices. i don't think people are as focused on esg as some people that have public disclosure that they have to make. >> neil: this push back against some like blackrock was getting this pressure from a number of states and mayors saying wait a minute. this woke investment strategy where you wanted to deemphasize fossil fuels, tha

," and two in to the david rubenstein shall on sit-down -- tune in to the david rubenstein show.es. apple unveiled a new lineup of devices without raising its u.s. prices, in one of the worst years for inflation in decades. the iphone 14, fresh airpods and airpods and and apple watch upgrade that includes the first ultra models. apple is hoping the lack of a big price hike and new features will ward off competition. ne-yo with a worse than expected quarterly loss as covid lockdowns hit the ev maker. ne-yo deliberate bounced back after getting smashed during the april lockdown. the ceo says they are aiming to scale up production in the second tappet coming up, hi -- in the second half. coming up, this is bloomberg. ♪ shery: we are heading to the market opens in china and hong kong. mainland developers under fresh pressure, two of them receiving petitions. we bring in our asian stocks managing editor. explain why this is important for these developers and what happens next. >> sunac and gyron are the latest to receive court petitions, and evergrande in june got one as well pick tha

thank you for your and we are joined by the men gestured speaking there, david rubenstein is the cochair of the national book festival. at what point did you decide to become involved with the library of congress and national book festival? >> a number of years ago when jim billington was still the librarian of congress, i made a modest contribution and he asked me to get involved. i got invol

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education system and cochair of the national book festival and cochair of the carlyle group, david rubenstein. these are some authors we will have here on set that you will be able to talk with. just a few minutes david maraniss will kick off talking about his book about jim ford. -- jim thorpe. both carla hayden and laura bush mentioned david mccullough who passed away. he was a guest on c-span many times in was a guest of ours at the national book festival on several occasions. here is a quick montage of some of his visits. >> mr. mccullough is here for his sixth national book festival appearance and we hope you will continue to make this a habit. >> david mccullough came into my office two days after the first national festival to say how important it was to continue to do this kind of event nationally and offered to help in any way. >> it was here in this great library of congress while i was employed in a government job as a young man that i first discovered the pole of history -- pull of the street and found out what i wanted to do. i could never express sufficiently my gratitude for th

over time, it's dropped -- >> david rubenstein spoke about about the ecosystem surrounding it >> the> and what does he think? >> he's put some of his own money into some of these things. so he thinks it's going to be there and continue to come back. but he said he couldn't look at any of the coins and decide which one was going to be better off. >> does he store the coins in the washington monument? >> that would be a safe place for it. >> exactly right at the top >> that would fit in with all of the conspiracy theories. anybody who goes back to any of the national monument search things or anything -- you have to watch the nick cage movies. >> oh, yeah. >>> let's get to dom chu he's got a look at this morning's premarket movers every day, a lot going on. >> there's a lot of movers and i'm going to have to watch "national treasure" again because of the conspiracy theories one of the reasons why you're seeing some of the weakness in the dow is that bounce down trade, that fall trade after we saw a big rally yesterday. one of the big drivers, shares of apple right now which are down 2%

the start button to an all-electric future ♪ david rubenstein: you started the company in 1999. benioff: yes. david: if you had bought the stock in the beginning, you'd be up about 7,000%. marc: 3,500%, but who's counting? david: now that you own "time" magazine, do you get to pick who is the person of the year? marc: david, you're very--look, i realize you are a good candidate. i g it. i'm not involved in editorial. david: would you consider running for office? marc: i think that business is the greatest platform for change. we can do it! we can change the world. woman: would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? david: let me ask you about salesforce.com for those people who are not that familiar with it. the

then we will conclude our day with david rubenstein. his recent book is about investing and he is cochair of the national book festival. we will talk with him and you will have the opportunity to call in and talk with him as well. before we get to the next panel, we want to show you a little bit of last nights opening celebration. it was a tribute to the late historian david mccullough. >> i have been voting my working life to the american story for over 50 years. i am ever grateful that i somehow had the good fortune to wander into this way of life contributing what i can to the betterment of our country. i have done this on paper, and classrooms, on television. and on the stage. in every way i can to convey that history is not about boring statistics and quotations and memorizing dates. it isn't about politics and the military. history is human. it is about people. when in the course of human events, our declaration begins. >> that entire opening celebration which was last night friday night can be watched online well, here is another

joining us right now is billionaire investor and philanthropist david rubenstein.o investor, masters on the craft." several heavy hitters were interviewed for the book david, we've spoken with you about the book but let's talk about the news this morning. a lot of people caught off guard by what the fed did yesterday, not in terms of raising 75 basis points but jay powell saying that, look, we're going to be looking at a longer time of higher rates the terminal rate now 4.6%, maybe 4.7% it surprised a lot of people on wall street, but did it surprise you? >> well, not really. but i think what the fed has is three powers they can increase interest rates, they can telegraph what they're going to do and explain what they have done and are about to do in the future. yesterday it was not so much the surprise about the 75 basis points i think that was telegraphed in advance. what jay powell is saying is they're very serious about getting the inflation rate down to roughly 2%. and to do that, what he's saying in fed speak is that the unemployment rate is going to have to

ray dalio warns of stocks could sink another 20% while david rubenstein says it is time to buy the debtthe eu sets insight on energy windfall taxes. but shelves the idea of price caps. let's continue with that story in europe. the european commission has proposed to member states are raft of regulatory changes to alleviate the liquidity squeeze in the energy sector. >> the design of this package is extraordinary. emergency intervention package, temporary, for use in special article in our treaty. that means members state will be able to find agreement very fast. i saw a willingness among our ministers that they will support measures today. that helps them support their consumers. and also, avoid rations or need for curtailment. dani: let's get to stephen stapczynski. we've had a lot of signals from the ecb, be at various drafts, where do we stand in what is being proposed? >> one of the big things would be a levy on energy companies. they are looking at a wind all tax for those making profits above a certain point. i want to protect households and small businesses, but also add more liq

he spoke to bloomberg for the david rubenstein show. >> i think it remains a distinct threat that theree a military contingency around taiwan. the people's republic of china has stated its official policy that it is not taking the invasion of taiwan off the table. laura: new prime minister liz truss will today set out her plans to tackle soaring energy bills. it will be her first significant act as leader. truss has been trying to evoke memories of her predecessor margaret thatcher. the pound falling to the lowest level against the dollar since 1985. president biden is holding back on a decision to scrap trump era tariffs on chinese imports as the administration studies ways to help businesses seeking relates. -- relief. the federal reserve's battle to bring inflation under control will likely cause more harm to the u.s. and world economy than anticipated. that is according to a pair of papers set for presentation at the brookings institute conference. one says the fed will have to push unemployment higher. the other warns of the hit to developing nations from rising u.s. rates and a st

. >> how to invest with david rubenstein.is does most important highway ethereum just got repaved. the network has officially completed the biggest and most ambitious software upgrade to date. a significant rally ahead of the merge because of the hype around it, how does it go? >> it went fairly smoothly. we did see it fall 9% soon after . you can see the volatility this chart was talking about leading up to this. years in the making if you count although the delays along with anticipation. it appears to have gone well. it transitioned the blockchain from a proof of work to proof of stake which makes the system 99% more energy efficient. it makes the blockchain smoother, faster, more attractive to investors. the cofounder sent out a tweet at 3:00 a.m. your time saying we finalized happy merge. if you drop into the three-day chart, you can see the drop upon completion. that was a risk off event but that was maybe part of it. already down more than 50% this year and it rallied more than fivefold last year. in large part, this w

david rubenstein says it is time to buy the dip read ray dalio warns of another plunge in equities. 30 treasury curves have inverted for the first time this century. the ecb's ones that inflation is such to accelerate even more. -- the ecb warns that inflation is set to accelerate even more. tom: equities turning around, up 0.4% following the games we saw yesterday from the u.s. -- gains we saw yesterday from the u.s. gains of 0.4% across the benchmark, except for germany, up by 0.5% held up by the auto sector. we are looking out of the u.s. for retail sales today, and the michigan of university sentiment on friday. let's see how things are playing out across -- at the university of michigan sentiment on friday. let's see how things are playing out across the sectors. we will see whether the chengdu covered lockdowns play in. bond yields are up this morning and that continues, the glide higher for the u.s. two year, 380 and above. beneficiaries of high yields and basic resources are up 0.9 percent. just one sector in the red this morning, and it is utilities. we are looking at the e

national economy council will be a guest on the david rubenstein showed where he talks about the possibilitylack thereof of dollar intervention. come up later in the show, three nord stream pipelines damaged by suspected sabotage as europe's energy crisis worsens. we will bring you the latest. this is bloomberg. ♪ dani: welcome back to bloomberg daybreak: europe. i'm dani burger in london. highly leveraged assets really under pressure has weenie continue to talk about asset classes. one that identifies -- exemplifies this roller coaster ride is bitcoin. look at what happened yesterday. it was gaining 6% at one point. then we get a slide of more than 5% in just the span of 10 minutes. this is extreme volatility that shows how sensitive investors are, how much risk there is, how much nerves are out there. bitcoin is back below 19,000. coming up, three nord stream pipelines damaged by suspected sabotage as europe's energy sabot(announcer)pe's energy enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has

much more of that interview on the david rubenstein show. that's airing at 9:00 in new york. ng on bitcoin. we are entering historically, the only month of the year for bitcoin falling. the past five septembers have been bad. history is not on their side here. rishaad: let's have a look at the u.s. data due today. the fed is data dependent in totality. jobless claims. disappointing adp report. we are looking forward to friday. all the important nonfarm payroll rates. markets under pressure. a lot more on the way. ♪ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. announcer: from the heart of where innovation, money and power collide, in silicon valley

paul: jake sullivan they're speaking on the david rubenstein show peer-to-peer conversations. more of that interview turning -- tune into peer-to-peer conversations on the 10th and 23rd at 9:00 p.m. eastern time on bloomberg tv. in the next hour, china's margins plunged to the lowest level on record last year as people delayed plans to start a family. we have more on that shortly. plus, on track for the worst year on record, a look at the fx market. that is it for daybreak australia. daybreak: asia is next. this is bloomberg. ♪ welcome to daybreak: asia counting down to asia's major market open. paul: stocks are set

rishaad: according to david rubenstein, now is a great time to buy the dip. obviously, he is a very long-term investor, so his time horizon is probably not quite the same as even cathie wood's for example. certainly if you are someone who looks at markets on a five to 10-year horizon, you're probably thinking that some of the changes in valuation for companies over the past 12 months probably does make, at least for the major companies to go through most cycles, you are probably thinking the valuation does not look too bad based on the way the market has backed up over the past few months, but the yield curve is a headwind, so the inverted curve is telling you it will not be easy to trade equity markets in the near term. if you want to be extremely bullish on equities, it is going to be a hard job. we just saw in the past week while people were getting a little complacent ahead of the cpi data, people started building up long positions particularly in u.s. stocks, and you can see how abruptly that changed. it is the fact people were quite a list going into th

david rubenstein will join us the carlyle group co-founder, what of course is so famous ab

carlyle's david rubenstein also believes some sort of slow down is around the bend, but it will be short-livedcession, technically, but we're probably heading towards something that's going to be not that favorable, and no one wants to use that "r" word, but we're heading into something not so favorable. but two years from now we'll be back to something closer where we were about a year ago >> if he's right and there's a prospect for better days ahead, jp morgan asset and wealth management ceo urged investors to stay invested in these markets, calling it one of the, quote, most important things and one of the most difficult things to do. scott? >> yeah, no doubt about that leslie, thank you so much. that's leslie picker right here at delivering alpha as we said what's your take away so far i feel like the druckenmiller sound, his comments are sort of leading the dialogue of what's going to be the big take away from here. >> the take away is persisted and elevated volatility, asset allocation from the standpoint of fixed income the value is here. it's jeffrey gundlach told you that last week. 6

. >> david rubenstein earlier today who knows a little bit about private equity said, and remarking onity firms, stock prices have been hit very hard talked about how there's been a revaluation and the idea that, while maybe those deals that you bought in, that you've taken private, aren't going to fetch the same premiums when they -- when you try and monetize them what are you seeing in the private equity business? is it as, this is overat a timing it, as easy a layup as it seemed to be to a lot of us? >> clearly not you don't have that tailwind of extremely cheap money. it's clearly become harder and i would say what i would expect if you look at those revaluations over the private equity firms, they're typically valued on a multiple of a few related earnings, which is driven by how much capital can they raise, how much capital do they currently have and how much can they raise in the coming years. and i would say the expectations around their ability to raise more and more capital has probably moderated so expectations around fewer related earnings have come down. and similarly, the

david rubenstein.that recession will begin from buckingham palace and that was done in less than 20 minutes or 30 minutes time. tom: tell us about as a child united kingdom, and what the mall means? what does that symbolize to kids across the nation? jonathan: that is the road to buckingham palace, and often what you would see is it is lined with thousands and thousands of people on this special day for celebrations. today, it is arguably both a day of celebration of the queen's life but a day of mourning. what will happen in about 25 minutes or so time is between the queen making that way one final time down the mound will go through a parade, onto whitehall, along to westminster, and lisa and i did this walk together sunday morning. it could take about 15 minutes, but this will be a lot slower. this will be followed by the royal family. it will be a deeply emotional moment for this country. tom: and from what we are seeing, what the british press says about the length of the lines to observe the quee

david rubenstein, thank you very much for sharing the book with us.mir putin announcing the partial mobilization of russia's military, a significant escalation in the war in ukraine after the kremlin's forces faced a series of setbacks on the battlefield. we're going to get the very latest from nbc's richard engel live from kharkiv in just a moment. >>> plus, the latest in the trump documents case, as it goes before the special master, the former president's attorneys refuse to back up their claim that trump declassified the documents before taking them to mar-a-lago. also ahead, the latest on recovery efforts in the aftermath of hurricane fiona. we'll speak with humanitarian jose andres about his efforts to support hard-hit communities in puerto rico and the dominican republic. but we'll start overseas right now, where overnight an extreme escalation from russian president vladimir putin. russia now call up 300,000 reserve troops to fight in its invasion of ukraine and threatening the use of nuclear weapons. this as russia plans sham referendums in t

. >> david rubenstein on squawk today talking about return to office we mentioned goldman yesterday headline this morning. jefferies says we need everyone in the office on a consistent basis. >> richard hamler embraced the idea of allowing people more flexi flexibility. i'll never forget the conversation i had with a leadee i can't get people back when i want them. i think that continues they can say five days a week all they want, but rubenstein knows a lot of people. it's not just him. >> usual exceptions, obviously they're back, because there's a collaborative -- you're -- i'm looking at you like i have information. >> i'm fairly well up on who is back and who is not. they're getting that building 60%, 70% full. it's never 100, because a lot of people travel, and jpmorgan wants a lot of people back when they finish that enormous tower. >> how many floors will be empty. >> good question. >> goldman is quite confident most people will come back >> it's not about health anymore. >> it's about clients, it's about evaluation, it's about teaches. i always said you could have a saturday off or s

. >> this morning, vincent, david rubenstein at carlisle said maybe that number is more like 6 when yourget. >> if they really do want to get inflation down to 2%, it may very well be more like 6%. look, we got three tells of recession. the fed's never raised the policy rate this much without there being a recession. the unemployment rate, as in their forecast, has never gone up more than a half point without there being a recession. and chair powell said almost with a certainty that he thought there would be a housing correction tell me how many housing corrections there have been without recession. >> when i hear you say that, vincent, it sounds like you're saying this is the closest we've ever seen a fed chair get to actually forecasting a recession, even though he didn't do it explicitly >> well, don't hold your breath to wait for an official to say there's going to be a recession. you'll never hear the imf or the world bank say there's a financial crisis you don't want to be the official that was the one that generates the headlines that creates the event. they're always going to b

new york among our special guests, i'll get the opportunity to sit down with carlisle founder david rubensteing windows, charging something like a hundred bucks a window when other guys were charging four to five-hundred bucks. he just didn't wanna do that. he was proud of the price he was charging. ♪♪ my dad instilled in me, always put the people before the money. be proud of offering a good product at a fair price. i think he'd be extremely proud of me, yeah. ♪♪ another busy day? i of course - you're aely pr cio in 2022.ah. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me acc

sessions will be happening here all day including my conversation that is coming up with carlisle's david rubensteing withstawith s s stan dreckenmiller >> and he's been saying things for quite a while and we're reference comments made in 2020. and there is a reason we're here we want to try to figure out how to minimize the damage, but there is some things that you are just going to have to deal with, policy mistakes that are already made >> and that is what we're watching, that is what the bank of eu is doing today, trying to reverse some of the huge damage done to its markets. stepping in and saying that it will be buying guilds. but right now dow futures down by about 55 points it has been a wild ride. before 6:00 a.m. when we heard from the bank of england, you were actually looking at the dow futures down by i think more than 250 points. it reversed very quickly on that news, that was the knee jerk reaction and we saw positive territory for the markets, dow up by more than 50 points and then as we kind of sit and think through some of the implications, whether the bank of england will have the

among the special guests, i'm going to get the chance to sit down with carlisle co-founder david rubenstein. just go to deliveringalpha.com to register. ay tuned you're watching "squawk box" and this is cnbc if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire this is not just laundry. this is laundry that's smarter than the dial. this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. this is smarter cleaning. this is ge profile. >>> still to come, jim cramer will join us with his take on the fed and the trading day ahead. then tonight on "mad money," don't miss jim's interviews with the ceos of salesforce, johnson & johnson, and nvidia. stay tuned stay tuned we'll be right

they are the leadership of our david m rubenstein national center for white house history, which is the scholarly academic center of our work, our education programs, our digital library, our historians, of course, and so much of the important work that is outward facing in pushing wonderful content like this out, not only to a roomful of people, but to people watching across the country. i'd also like to thank more fully than just mentioning them as i did earlier, the national trust for historic preservation, for collaborating with us to carter house, this extraordinary historic building that you entered through this morning is actually owned by the national trust. and we are very honored, in fact, humbled and privileged to maintain this as a co steward with them of this amazing asset and property and we try to take very good care of it as if it's our own. we don't treat it like an airbnb or anything. so we do take very good care of it and respect it for its history and for our wonderful partnership with you, paul edmondson and katherine malone, france you'll be hearing from today are

education system and cochair of the national book festival and cochair of the carlyle group, david rubenstein. these are some authors we will have here on set that you will be able to talk with. just a few minutes david maraniss will kick off talking about his book about jim ford. -- jim thorpe. both carla hayden and laura bush mentioned david mccullough who passed away. he was a guest on c-span many times in was a guest of ours at the national book festival on several occasions. here is a quick montage of some of his visits. >> mr. mccullough is here for his sixth national book festival appearance and we hope you will continue to make this a habit. >> david mccullough came into my office two days after the first national festival to say how important it was to continue to do this kind of event nationally and offered to help in any way. >> it was here in this great library of congress while i was employed in a government job as a young man that i first discovered the pole of history -- pull of the street and found out what i wanted to do. i could never express sufficiently my gratitude for th