david rubenstein joining us.le group co-founder david rubenstein at the world economic forum. come upping, student loan debt top issue for new hampshire voters. is this a real plan or just biden's way of appealing to younger voters, fox business' madison alworth is live from new hampshire. madison, good morning. >> good morning, cheryl. new hampshire is the first in the nation primary and ranks number one as the number one seat with the highest percentage of residents with student loan debt. we'll plain all -- we'll explal after this. ♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals. and look forward to a more confident future. voya, well planned, well invested, well protected. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a sce

. ♪ >> "the david rubenstein show: peer to peer conversations" is sponsored by wells fargo. are helping our clients forge what's next. ♪ david: so, what about your dna? have you checked that out? deborah: i have done my dna, and no surprise, i am southern chinese. david: let us talk about your background for a moment. you grew up where? deborah: i was born in new york and when i was six moved to a small town in south carolina. my dad actually was discriminated against at work, and my parents felt like there was no future for them in new york. his friend, an indian-american family, set come down to charleston. i work at the charleston naval shipyard, and the government does not discriminate. my dad -- i have no idea what he was thinking -- picked up our whole family. we drove to a place he had never been, and we became south carolinians. my parents were both immigrants from hong kong. they actually met and married here. david: so you grew up in charleston, right? where did you go to high school? deborah: visits a place called hanahan high school in a small town. david: were y

. >> "the david rubenstein show: peer to peer conversations: is sponsored by wells fargo. we are helping our clients forge what's next. ♪ david: talk about your background. where were you born? dr. vickers: i was born in alabama in a small town in the black belt of alabama. a rural farming area where my parents were educators. david: your parents were extremely well educated for blacks in the south at that time. how did they get so well educated? >> on my father's side, it was really parents who themselves had limited education. my grandfather with a fourth-grade education did not learn to write or read until he was in his 40's and really felt his children needed a college education. on my mother's side, her mother in the 1920's had to travel 200 miles to an academy started by presbyterians in the southern part of alabama to get her high school degree and then went 10 summers to get her bachelors degree. they had foundations of understanding the value of education and the ability, particularly for a meager -- particularly for a negro in the south, to advance their lives. da

. ♪ >> "the david rubenstein show: peer-to-peer conversations" is sponsored by wells fargo. are helping our clients forge what's next. david: let us talkr background. your parents came from where? dr. shah: my parents are from india. david: where did they settle? dr. shah: they started in pasadena, california. my father was an engineer working on the apollo programs for a company designing components on apollo missions, but they quickly moved to detroit, michigan, and my father had a 30-year career at ford motor company. david: your mother? dr. shah: my mom is in early childhood education specialist, and she started a montessori school iran that throughout my -- and ran that throughout my childhood. david: you grew up in the detroit area. i assume you are a superstar student. is that right? dr. shah: i was a good student. i grew up in an indian american community that was pretty focused on being a good student. david: you went to the university of michigan? dr. shah: i did. go blue. david: what did you study? dr. shah: i started as an engineer. i grew up in a family where yo

shery: you can see more of that conversation on the david rubenstein show: pure to pure conversationshursday night and hong kong. we have more to come on daybreak asia. this is bloomberg. ♪ haidi: take a look at currencies and what is generally a risk off day. we did see a pretty significant gain when it comes to the dollar, just reversing the losses we saw going into the end of 2023. the dollar opening the year with the biggest gain since october. we are watching that risk off sentiment play out here. dollar yen holding just shy of the 142 level. that was the biggest intraday gain for the dollar since october. we saw higher bond yields, some geopolitical stories playing there as well. the aussie dollar onto upside momentum. this good news story being driven by more optimism over china, despite the sluggish indicators we continue to get. we are seeing a lot of these proxy assets like the aussie and other commodities currencies and iron ore trading quite well at the start of this year. we will be watching chinese stocks following their worst start to the year since 2019. economic headw

. >>> plus, philanthropist and carlisle group co-founder david rubenstein will join us to talk aboutuch more. the second hour of "squawk box" begins right now. >>> it's you. >> oh! good morning, welcome back to "squawk box" on cnbc live from the world economic forum in davos, switzerland i'm joe kernen with becky quick and andrew ross sorkin and jamie dimon. he's here, but you can't see him on that shot we'll get to him in a second the futures, we're down again, we were down yesterday, not going to spend too much time here down 147 points now on the dow we will look at treasuries 4.05 is what we were -- the last level we saw 4.06% now on the ten-year. bitcoin, we're not going to do that bitcoin i think is around 43,000 or so. it is actually down -- must be in the 42s, 42,555. >> our first headliner of the morning as joe kept alluding to, jpmorgan ceo jamie dimon is with us 100 things we want to talk to you about. nice to see you. >> great to be here again. >> i see you have ukrainian flag there on your lapel. >> yeah. >> you spent some time with president zelenskyy yesterday. >> i di

david rubenstein, what an interesting challenge to take this new technology over to our ancestors. she is running the largest genealogy company in the world and has a really good technology background. as a result, she is applying it to historical records. it is much easier than it used to be to figure out where your ancestors came from and how far back you can trace it. it is really amazing, so many people have a real interest in knowing where they came from, who were their grandfathers, great-grandfathers, and so forth. now you can do that much easier. tom: i suggest they were all baltimore orioles fans, as well. if i look at what they are doing, part of it is an ai frenzy, and in your discussion and work at carlyle group, is it a part of ai that seems to be a moment or fad? david: ancestry started 40 years ago and they rely on records, but with ai, they can feed into the computers more information more rapidly than before, and as a result, what used to take nine months, they can now do in nine days or nine hours. the result is that they have a very good ability to figure out whe

jonathan: david rubenstein, looking forward to the program later on.make political considerations. always the tricky part of it when it comes to election years. lisa: we heard this yesterday from a lot of people, this conflict. they are not political, should not let it affect things. this is a tough thing. they are either political or they are accused of being political. there is no winning here. annmarie: remember what happened in december. president biden said we are in a sweet spot right now in the economy and the fed should not continue on their hiking path. everyone thought we would see signaling to jay powell and easing off. that is what wall street was asking. lisa: i think it's all conspiracy theory. you cannot extricate a political cycle from the economy. that is the hard thing, considering be here every day, people are not doing big deals for it because of the uncertainty. it is tricky to assume that you can parse these things perfectly. jonathan: you cannot ignore this tomorrow, stacked program on "bloomberg surveillance." virginia governor

>> it depends on you -- [laughter] >> there's a david rubenstein panda house in washington. >> i hopewill be here in the council on foreign relations. [laughter] >> excellent. give up my office. >> a panda of a giant panda -- [inaudible], the black and white one. >> thank you. we will look for the giant pandas. thank you for the clarification. let me open it up to questions. yes, please. here's a mic coming to you. please identify yourself. >> thank you. i'm with the institute. first a big thank you, my first introduction to china over there as a young boy. i'm delighted to here you will be supporting the students. my question to you is about western media. we talked about misunderstanding and misperceptions that the u.s. has about china. and i think that the u.s. audience relies heavily on reporting from western media. there's a bad history, i think i would say, between western media and china, and it's filled with mistrust and misunderstanding. i'm wondering if you agree important to the way that the u.s. sees china, and if yes, what can china do to helpha reporting and coverage? >>

david rubenstein saying deals are returning as recession clears ease, adding that he will be shockedthe federal reserve does not cut interest rates by much. markets are a bit to the upside. yvonne: it really has gone global now, so that is helping to lift this morning. china is obviously still the outlier here, doing relatively speaking better. fourth quarter gaming revenue rising, the highest you have seen since the first quarter of 2020. rishaad: this is a classic base effects story, 486 percent. yvonne: you are still seeing a lot of action in macau, even when hong kong has dwindled. rishaad: lots more reporting next week, but you can see their strong outlook really fomenting these big gains. yvonne: coming up, a lot more on tsmc and the chip rally. this is bloomberg. ♪ rishaad: we are looking at it nikkei once again putting in a strong showing. even though we saw some signs of jitters this week, we had a late selloff taking place for these benchmarks in session on thursday. even as we got the latest inflation report which gives the bank of japan another reason to wait beyond that

and carlyle group's david rubenstein sees -- tells us he will be shocked if the fed does not cut ratesarch. jan capital now plans to launch with $5 billion to $6 billion, far below earlier ambitions of as much as $10 billion. the loan expectations underscore a challenging fundraising environment for the industry. some market watchers say japanese stocks risk becoming a crowded trade. strategist at hsbc have told bloomberg the market has risen too far and investors should start taking profits, but that is a contrarian view. at bank of america survey this week found 59% of asia's fund managers are overweight japan. we will take a look at the set up as we get into it. we were about half an hour away from the start of trading in tokyo. we have seen those overbought signals for quite some time, but still, it has been a strong bolt out of the gates, if you will. we are seeing broadly and update as we end the week. asian stocks looking to rally into the close as we see sydney stocks were covering after five consecutive days of losses. watching and lot of the tech names in the asian session, o

[laughter] >> there's a david rubenstein left back. >> i h here in the council on foreign relations.laughter] >> excellent i be happy to give up my o >> limit correct to forgive you pandas in a big giant panda you will be disappointed. there are two kinds of pandas. there is a panda in a giant panda or chocolate giant pandas. the black and white on this project. [laughter] we will look for the giant pandas thank you for the clarification let me open up the questions yes please. >> here is a mike coming to you. >> thanyou i am with the china institute but first a big thank you my first introduction to china was as a small student studying to go over there young boy i'm delighted to hear you will be supporting the students as a first we heard from president xi. my question she was asked about western media. we talked about misunderstanding and misperceptions that the u.s. has about china. and i think the u.s. audience heavily on reporting from western immediate there's a bad and china it is filled with mistrust and misunderstanding. i am wondering if you agree western media is the weig

she was commenting on the future of ai in the conversation with david rubenstein a bloomberg house in's talk more about the impact of ai. we have a partner from xl. we have swapped places in a way. you usually hear you are in new york city. >> your hosting main your lovely studios so thank you for having me. ed: the question is always are we overhyping all of this? by 10 a.m. pacific time, i have said the words ai 1000 times. your thesis is based on the opposite, that we are not overhyping this at all. >> i think that's right. from our perspective, it's under height which is hard to imagine with how many times sitting here in the studio before the segment, i have heard ai countless times. our perspective is it's worthy of that attention because it's just that transformational and it will have an enormous impact on the economy and productivity that's why we are so excited to see what's possible and be investing in this category of the earliest stage. ed: when an event like davos is on, you have microsoft and google and sam altman of openai. there is still an argument that at least lead

david rubenstein sees he will be shocked if the fed doesn't cut rates by march.cking with wall street, bloomberg learned that ubs plans to sell credit suisse pasta strat debt business piecemeal after failing to attract enough interest from a single bitter. credit suisse ought to exit the business last year in an attention to shore up confidence weeks before it was first in an emergency takeover by his biggest rival. to the tech space. the eu antitrust regulator is expected to block amazon's proposed one $.4 billion acquisition of roomba maker irobot. the e-commerce giant was told yesterday that the deal would likely be rejected. shares in irobot plunged in after hours trading. the final decision is due by february 14, with the deal also likely to face opposition in the united states. stick with us. this is bloomberg. ♪ >> i think 2024 will start out slower in the sense that interest rates are still pretty high and the fed will keep them that way. everybody has their own guess. probably until the second half, at some point, that will have a little bit of a bafflin

among the owners a familiar face to "morning joe" viewers, carlyle, group president david rubenstein. orioles fan on now on the verge of being an orioles owner. this is young team on the rise but never spent a lot of money, that's going to change. not good for the american east and time now for the weather. let's go to chg a ae lassman for the forecast. >> it's looking a little bumpy on the west coast. we've got heavy, heavy rain expected over the next couple of days as the pineapple express brings us plenty of moisture, and we've got the alerts to prove it. flood alerts, winter alerts all in effect right now and lasting through the next couple of days. as this system starts to work closer to the coast through the day today we're going to see an enhanced risk of flooding concerns especially from san francisco to eureka. that's where we'll see the biggest concerns for higher amounts of rain. by the time we get into tomorrow the rain still continues. the snow across the sierra mountains will continue, and we'll start to see the rockies get in on the action as we get into the workweek. t

there's a david rubenstein panda house in washington. >> i hope that it will be. >> excellent, i'll be happy to give up my house. >> let me correct you if we give you a panda, instead of a giant panda, two kind of panda, panda and giant panda, and giant panda. >> the black and white one. >> all right. we'll look for the giant pandas. thank you for the clarification. let me open it up to questions, please. here is a mic coming to you. please yourself. >> i'm with the china institute. my first introduction to china was through julian as a student studying to go over there as a young boy and delighted to hear that you'll support the 50,000 students with president xi. my question about western media, we talk about misunderstanding and misperceptions that the u.s. has about china and i think that the u.s. audience relies heavily on reporting from western media. there's a bad history, i think, i would say between western media and china and it's filled with mistrust and misunderstanding. i'm wondering if you agree that western media is important to the way that the u.s. sees china and if yes

for example, there is one interesting name here, a certain david rubenstein, a businessman, a billionaireone of the most important donors of the democratic party, you know, what’s interesting is that among those names... which we just looked at, we noticed that the biden clan is not there, biden himself is not a member of this committee, but through rubenstein, who gives gigantic money to ensure that the policy is carried out, and biden was set up by a puppet, by the way, they really like to communicate with each other, well , let's see, just recently interesting evidence was published about how nice biden is going to live with the whole family. rublenstein. joe, the unfortunate man, has nowhere to live , so he lives in the mansion of the billionaire rubinstein, who, let me remind you, is a member of the committee of 300. well, yes , to be honest, of course , the biden family has rather unhealthy connections there, with this character, with lubenstein. i'll remind you that he spends every thanksgiving holiday with him, moreover, this has become a tradition for them, that is , for the last

than three decades of ownership, the angeles family reportedly selling the baltimore orioles to david rubensteiner suffering a fall 2017 he's been pretty ill health he is a baltimore native, the orioles have only made it to the playoffs six times since 1993. finally this you guys are talking about this, let's watch the video together, look at the horrifying moments, on tape when two members of nypd were beaten by migrants, this happened to times square, the brawl broke out saturday night when they were trying to break up a rowdy crowd near a migrant shelter they were trying to arrest one of the guys and the others jumped in they kicked and punched the officers and the head of the body in the group that runs away in the heroic officers chase them and arrest them both officers had to be treated at the scene for minor injuries. new york city pba president saying this attacks on police officers are becoming an epidemic and the reason is a revolving door we see in cases like this one it is impossible for police officers to deal with crime and disorder if the justice system cannot or won't protect us

shanmugaratnam, president of singapore, and the director general of the trade organization, david rubenstein, cove chairman of palo alto. thank you for joining us. let me start with you. 2023, surprise expectations to the upside. is the global economy really now is resilient as we think? >> we have to think about it not on a year-to-year basis because the largest challenges we face, what's creeping beneath is the slow-moving changes that threaten us in a more fundamental way in the years to come. we know what they are. we know what's happening in the shift in the global ecological balance. we know what's happening in terms of the aging of societies which we are not prepared for. we know what's happening in the gradual drift towards a polarization. these are the real threats to resilience and human security and i'm not even talking about the wars including the stupid wars that we see. >> talk to us about what you saw in 2,023 that gives you hope for economies in the future? >> good morning to everyone, first, thank you for hitting the panel because i am a strange panelist because i cannot tal

three colleagues i would like to recognize are the senior vice president and director of the david rubenstein national center for white house history and we are very excited that colleen has been nominated to be the next archivist of the united states. let us just congratulate colleen. and we are hopeful that there will be senate confirmation soon. she has contributed a significant amount to our success over the past three- plus years. she is not going very far. as you all know, we have a close tie and relationship with the national archives. particularly, our wonderful friends at the archives, which we all enjoy. dr. matthew castello is our senior historian. matt has been very involved and you will be hearing from him later today as part of this program. and my colleague, grace mccaffrey, has been in charge of every logistical element of pulling this together and making it happen. makes me very happy when i do not have to worry about any of those things. so, grace has done a wonderful job with that. thank you, grace. we have a very special moment. we have a video greeting from the chair of t

david rubenstein, what did you worry about the most in 2024? are many things to worry about. >> well, i worry about everything but i would say the most important thing i wanted to convey is predictions made in january about what could happen the remainder of the year is generally wrong. last trip this time here in of the forms around the world people were predicting the u.s. would likely have a hard landing, if not a hard landing a soft landing, but a soft landing applies very low growth. as it turns out what the numbers are not really in yet, u.s. will have grown probably around 2.5% for 2023 which is much better than anybody really projected at the time. the u.s. has its challenges for sure but inflation is coming down and as a result of that the federal reserve is likely to reduce interest rates relatively in the near future. in our country with a presidential election, i think everybody probably recognizes that. as a result, the federal reserve wants to get its i think once to get it to make it out of the way before the presidential electio

arabia, president the president of singapore's and the director general of trade organization david rubensteiner and chairman. thank you for joining us. mr. president limited over the of 2023 surprised expectations to the upside is the global economy relate now as resilient? >> have to think about it not on a year-to-year basis because the largest challenge to resist resilience to be faced what is w moving changes that threaten us far more fundamentally in the years too come. we know what they are way know what is happening in the shift in the global ecological balance we know what is happening in terms of the aging of societies which we are by and large not prepared for. we know what is happening towards polarization. these are the real threats to resilience into human security and i am not even talking about the wars including the stupid wars that we see. >> thank you so much. can you talk to us about what you saw in 2023 that gives you hope for economies of the future? >> good morning to everyone first. and thank you for having me on the panel. i am in a strange panelist i cannot talk about

watch more of the interview tonight on the david rubenstein show at 9:00 p.m. in new york.ory. what the drugs can be used for and how they might transform the american economy. tom: you have been on top of this. the answer is this has become a real story not only for the companies that are leading the way including eli lilly, but it just keeps growing. my only question is on the research, somebody tell me there is not a downside and i do not believe i have seen a downside yet. it really gets my attention. jonathan: we have talked about side effects but there is still research about whether it can be useful if it is just this, diabetes, weight loss. if you can deal with addiction as well more broadly away from obesity and the amount of food you are consuming, imagine what it means for alcoholism, you wonder what it means for gambling. there is a whole range of issues. i want to know whether we are truly only scratching the surface or more broadly what the use of these drugs might be. tom: the real issue is portion control. what does it do if you have a drug like this to the

jonathan: that was out of its ceo speaking with david rubenstein.e of that conversation will be uploaded to bloomberg.com and for liver terminal usage, you can find that at live go. they feature this week. lisa: what they say definitively other than we want to own it and we want to capitalize on? jonathan: i spoke to the -- present this morning about confronting an era of misinformation and how difficult that is going to be for capital markets. we will catch up with lynn martin later this week. up next, donald street win in iowa. -- donald trump's big win in iowa. >> the big risk for markets is inflation get stuck. >> we are getting inflation prints that are a bit hot. >> we know the consumer will get squeezed. >> you run the fine line of keeping inflation underpinned at a trajectory that is uncomfortable if psychology does not moderate. >> this notion that immaculate disinflation will continue is something i find hard to reconcile with actual data. >> this is "bloomberg surveillance" live from the world economic forum in davos. jonathan: lisa made

this program is put together by the david rubenstein national center for white house history here at the association, led by dr. colleen shogun, dr. matthew costello, and all of their colleagues who are here today. put in a tremendous amount of work to put on this series, as well as our other substantive programs that we have as part of our education mission here at the association. i'd like to acknowledge a member of our board of directors, anita mcbride, who is here, and three distinguished former members of our board, bob mcgee, martha kumar and mike mccurry, who are also on the panel. we have several members of our national council on white house history who are the real wind in a in the sails of our work. and we're very, very grateful for their support to helps make our nonprofit and nonpartisan mission possible without their financial support, we could not do what we do. we receive no government funding whatsoever, and we do all that we do on behalf of the american people. we're 62 years old, founded by mrs. kennedy in 1961 to be the private partner to the white house, to maint