in any event, here's what we are getting from larry fink. larry fink is a ceo of blackrock.s he important? blackrock is the biggest money manager in the world. it dwarfs all these wall street firms. it has something like $8 trillion under management. i mean, this thing is big, it's as big in a different way as jpmorgan chase is big in terms of a bank. larry fink runs the biggest investor in the world, maybe the world will ever see. it's blackrock. the other reason why he's important is he's a prominent wall street democrat. his name is always in the news as possibly being treasury secretary. he's said recently he doesn't want to do this right off the bat, it's unclear if biden wants him, president biden who is likely to be president despite the contested, some of the contested results. but here's what larry is saying when it comes to the election, which is now -- which looks like to be divided government if the gop as most indications show holds on to the senate. what he's saying is that this is very positive and he made these comments on wednesday to blackrock employees. th

fink: that was larry speaking to david rubenstein at the bloomberg new economy forum. biggest banks have remained resilient during the pandemic, beating estimates. joining us now is the ceo of southeast asia's biggest bank, dbs group's piyush gupta. great to have you on. thank you very much for your time. we continue to see this resurgence of virus cases around the world. how long do you expect to remain resilient? last time, you said business momentum has improved. you saw a pickup in credit card spending. but for how long? piyush: well, you have got to aalize that there is frankly bifurcated situation with the virus as we speak because most of the countries in east asia are actually doing ok. you are not seeing a massive resurgence of the virus in most north asian countries. however, we have a footprint. and as a consequence, you are beginning to see activity pickup , and it started picking up in the third quarter. it has continued to stay strong so people are out spending. you cannot get a restaurant anywhere. still flagging is the cross-border business so travel is

megan fink we all know what were going to be talking about. —— i think we all know what we're going to clears a path to victory reads the front of the new york times — as the former vice president leads the us election race in a number of key states. the ‘i‘ sayjoe biden is "ready for power" and already has "one foot in the door" of the white house. moving online and politico's us website says the republican party are now pushing back against president trump's false election claims — although some have jumped to his defence. the telegraph report on the biden campaigns vow to kick "trespassers" out of the white house — as donald trump clings to power. the philippine star say the "truth shall prevail" and show a picture of president trump during a news conference that many major us networks dropped half way through. says biden holds the edge and has a picture of his supporters celebrating and the daily mail leads on what they call the bbc diana scandal — the paper says the princess —— in the guardian, biden is poised to become the 46 president of the united states after a record turnout.

blackrock ceo larry fink talked about the stimulus and what election results will mean for markets.ry: i would say overall the market likes a divided government. they want to make sure there are proper checks and balances. we have seen in the past with a government totally controlled by extremes, you see more in terms of positions they have made. divided government, but i do also strongly believe the market is not -- is in desire of more stability, of less volatility. they are looking for a voice that moderates, not a voice that insights. -- incites. bideny believe president can be the voice of reason. if we all listened to his speech last saturday when he talked about one america, not a red or blue. by marketplace is encouraged having a leader now that is more inclusive, a leader that can bring more global harmony. i think we are all tired. we are tired of the volume we hear out of all -- out of washington. we are tired of hearing about covid. we are worried where we are going right now in these coming weeks. we are looking for a new leader to help us navigate covid and moving forw

stanford graduate and nasa astronaut mike fink will be part of the first crew when boeing sends its star liner to the space station next year. >> we are privatizing space. having companies like spacex, boeing, and blue virgin and virgin galactic allows more companies in space, better for the american economy, better for jobs. >> reporter: once the crew on the spacex mission docks at the spacex station, they'll spend the next six months conducting experiments including micro gravity studies. tonight spacex ceo elon musk was sidelined from the historic launch at kennedy space center because he said he had symptoms of covid-19. he tweeted out a single heart emoji after the launch. bay area scientists also played a critical role in tonight's launch. >> i know the aims research center people have been working with spacex over the years to develop and test the heat shield materials, the thermal protection systems so necessary to keep the astronauts safe. >> reporter: the astronauts are expected to dock with the international space station at 8:00 tomorrow night. in mountain view, marianne favr

juliette: that was larry fink speaking at the new economy form. a check of the first word news. china says it is confident about the state of the economy despite surging virus numbers and a looming global recession. the mainland economy will likely grow this year, despite great difficulties, and will probably surpass $15 trillion. he has told the people's daily china has shifted from a state of rapid growth to one of high quality develop. australia added tens of thousands of jobs in october, as victoria's strict lockdown rick did -- lifted and recovery gather pace. employment soared by 178,000, way above the expected decline of 27,000. the jobless rate edged up slightly to 7% as the participation rate also group. employment in victoria alone was up 2.5%. tengion is rising among oil producers with the uae privately floating the idea of leaving opec-plus. officials have not given any public details over its plans but tension has been rising between abu dhabi and saudi arabia for weeks after the uae raised production levels above its opec-plus quota.

at finke they are working to develop sustainable organic farming methods that can adapt to the changing conditions brought about by climate change it will take not just encourage mint but also major investment to win over smallholder farmers to agroforestry. and the changes to the climate are having a huge impact on the canal. they can no longer rely on a supply of water as in previous years. the rains are starting much later in the season. it's crucial to secure the water supply and that means more reforestation projects. but in my view. economy is dependent on the canal restoring forests will enhance the ecosystem and yield more freshwater to the benefit of the people and the canal. in this week's global idea as we look at be like many other insects their own death threat our reporters headed to the shell mountains national park in kosovo their conservationists are working to protect a unique in that for landscape in which the busy pollinators play a key role. it's usually men who wear this kind of outfit in kosovo they are hardly any female beekeepers in the country sheep or shell or

even though cautious germany has warned turkey that it needs to fink craftily a buy out its next move. all of this could come to a head as easy does meet next month when the real possibility open sanctions against being given the green light, a move that could truly signal the end of the road for turkey, joining the bloc. so what do you can ski altie, paris? appreciate you coming here and i wanted to national, you're buying up to date. i will return with more not top stories in just over 30 minutes. chose seemed wrong. but old rules just don't hold the old beliefs yet to shape out just because the educated and indeed trained equals betrayal. when so many find themselves worlds apart, just to look for common ground. she'll welcome you. normal god holds a memory a little, you know, well, you know, but notice when you're watching cruiser up on the board with a boy in the bushnell, in unison, you leap to the need for times to lead you to surround us. you know so much that one in some of these which you'll see in the local, which is based on your own work or one with you. it means lucas, a

blackrock ceo larry fink at the new economy forum about priorities for president-elect joe biden, ther fiscal stimulus is on his mind. let's look at what we are watching out for today. european union leaders are due to hold an online summit to discuss the latest efforts to contain the coronavirus. governorntral bank faces his first test with the country on the verge of a currency crisis. are also on the subject of central banks, watching for a decision from the south african central bank, it cut its benchmark by 300 basis points this year. then we get u.s. initial jobless claims. economists estimate that number will come in at 700,000. lots to look ahead to, and also the central banking story. cutting 11,000 jobs, twice as many as last year. the german conglomerate is forecasting a one billion euro loss for the fiscal year, and it's beleaguered steel unit hemorrhages cash. latest, 11,000, why the need to cut more jobs? effects.re hit by two it is a structural problem that is long-lasting. also obviously corona has hit really hard. they see their money flowing out, and basically are lo

we have laura fink, she is a democratic strategist, as well as founder and c.e.o. of rebel communications. right? crosstalk rules in effect, that means you can jump in anytime you want. and i always appreciate it. ok, let's go to lauren san diego. i had presented my introspection the best that probably the most basic question that needs to be answered at this point. do you think it was a free and fair election? go ahead laura. well, as of right now, we don't have any evidence of any sort of fraud. we have the widest participation in the history of the country. i think it was as free as humanly possible. and i think what it did was show us that we need to make ballots and balloting more, more accessible and not last in future elections. so i think with all of the votes cast, it was a triumph for the american people because they participated. and i mean on, on both sides on those that voted for track record turnout, record number of the things i was not noted for biden, obviously he had a significant edge, but also record turnout. record number of ok mentioning there

even cautious germany has warned turkey that it needs to fink cafe about its next move. all of this could come to a head as leaders meet next month when the real possibility over sanctions against being given the green light, a move that could truly signal the end of the road for turkey, joining the bloc. so what do you want? ski auti? paris for you rather, stay, don't forget to check out more news stories by heading to our website. go to r.t. dot com. so what we've got to do is identify the threats that we have. it's crazy. let it be an arms race. dramatic to follow, the only strategy will be to sit in the same wrong roll call to shape our answer and in the trail. when so many find themselves worlds apart. to look for common ground. a member of the board with the sleeves and all you need to lead you to surround us one in some of these which you'll see in the local which is the one with your means the potato chip the which you hi max keiser. this is the kaiser report, have we hit peak bitcoin? that is a good question because you know, more and more billionaires around th

we have laura fink, she is a democratic strategist, as well as founder and c.e.o. of rebel communications. right? crosstalk rules in effect, that means you can jump in anytime you want. and i always appreciate it. ok, let's go to lauren san diego. i had resented my interaction that probably the most basic question that needs to be answered at this point. do you think it was a free and fair election? go ahead laura. well, as of right now, we don't have any evidence of any sort of fraud. we have the widest participation in the history of the country. i think it was as free as humanly possible. and i think what he did, we.

even cautious germany has warned turkey that it needs to fink passively about its next move. all of this could come to a head as leaders meet next month with a real possibility, open sanctions against being given the green light, a move that could truly signal the end of the road for turkey, joining the bloc. so what do you r.t. paris and i wraps it up for this news hour. thanks become pretty. i'll return with more on top stories in half an hour. l. look forward to talking to you all. that technology should work for people. i robot must obey the orders given by human beings, except where such orders would conflict with the 1st law show your identification for should be very careful about official intelligence at the point. obesity is too great. trust ever the shia muslims take on various jobs and with artificial intelligence will summon the demon the obama's protect its own existence as a nexus that will join me every foes on the alex. i'm unsure, and i'll be speaking to get off of the world of politics, sports business, i'm show business. i'll see you then. the world is driv

we have laura fink, she is a democratic strategist, as well as founder and c.e.o. of rebel communications. right, cross up rules in effect. that means you can jump in anytime you want. and i always appreciate it. ok, let's go to lauren san diego. i had presented my interaction that probably the most basic question that needs to be answered at this point. do you think it was a free and fair election? go ahead laura. well, as of right now, we don't have any evidence of any sort of fraud. we have the widest participation in the history of the country. i think it was as free as humanly possible. and i think what it did was show us that we need to make ballots and balloting more, more accessible and not last in future elections. so i think with all of the votes cast, it was a triumph for the american people because they participated. and i mean on, on both sides on those that voted for chop record turnout, record number of slots, and those that voted for biden. obviously he had a significant as a but also record turnout. record number of facts game intended there, the n

strategist and host of all american radio with jennifer kearns and in san diego we have laura fink she is a democratic strategist as well as founder and c.e.o. of rebel communications right cross up rules in effect that means you can jump in anytime you want and i always appreciate it ok let's go to lauren san diego i have presented my introspection that probably the most basic question that needs to be answered at this point do you think it was a free and fair election go ahead laura well as of right now we don't have any evidence of any sort of fraud we have the widest participation in the history of the country i think it was as free as humanly possible and i think what it did was show us that we need to make ballots and balloting more lore accessible and not last in future elections so i think with all of the votes cast it was a triumph for the american people because they participated and i mean on on both sides on those that voted for track record turnout record number of the things that noted for biden obviously he had a significant edge but also record turnout record number of

that was the black rock chairman and ceo larry fink speaking at the bloomberg new economy forum.s me as it is november 19 and we are still talking about the school stimulus deal potentially in the united states. though stimulus checks going out to americans dried up this summer, and you have positive vaccine news. i wonder if that puts pressure on republicans to not have the impetus to get a deal done. a raft ofhink there's changes coming through in the last 48 hours. is the appetite there on the republican side to do anything? credit suisse this morning said equity markets can travel higher because we need to look through what is happening at the moment. rallying by market 12% going into 2020. they say we've got to deemphasize the near-term risk. interesting, we have this push and pull from so many of the calls. some saying sell or by the vaccine. the markets can price and future good news, they can also be derailed by bad news. 250,000 deaths, new york city, the biggest public school system in the united states closing. thanksgiving is next week. similar across europe and the r

at finke they are working to develop sustainable organic farming methods that can adapt to the changing conditions brought about by climate change it will take not just encourage mint but also major investment to win over smallholder farmers to agro forestry. and the changes to the climate are having a huge impact on the canal. they can no longer rely on a supply of water as in previous years. the rains are starting much later in the season. it's crucial to secure the water supply and that means more reforestation projects. but the. economy is dependent on the canal restoring forests will enhance the ecosystem and yield more freshwater to the benefit of the people and the canal. in this week's below bill idea as we look at b. like many other insects they're under threat our reporters headed to the shelter mountains national park in kosovo there conservationists are working to protect a unique in that trial landscape in which the busy pollinators play a key role. it's usually men who wear this kind of outfit in kosovo they are hardly any female beekeepers in the country sheba shiela is o

the blackrock chair, chief executive larry fink talked about stimulus and what the means what it willr the market. >> i would say overall the market likes a divided government. they want to make sure there are proper checks and balances. we have seen in the past when we have a government that is totally controlled by one party, we have seen more extreme in terms of positions that they have made. and so i think that divided government, but i do believe inongly that the market is desire of more stability, of less volatility. they are looking for a voice that moderates, not a voice that incites. i truly believe president-elect biden can be that voice of reason. all listenedf we to his speech last saturday when he is talking about one america, not a red or blue. encouraged bye is having a leader now that is more inclusive, a leader that could probably bring a little more global harmony. i think we are all tired. we are tired of the volume we hear out of washington. we are obviously very tired about covid. and we are worried about where we are going right now in these coming weeks. for a n

butterfly networks, the makers of an ultrasound device is going publix to compete with larry fink's spac. founder larryal robbins joins us now. you must be thrilled about the launch on friday, reception of butterfly, though it is a fantastic device. explain what it does. >> it is the first and only to put ultrasound on base -- on a semiconductor chip. it follows the innovation of the doctor who did the same thing with next generation dna .equencing a decade ago the idea is simple. instead of us taking our patients to the imaging center, it takes the imaging center to the bedside of the patient. is onlyw, ultrasound performed by a limited number of professionals that are trained to use large machines. clinicale it is better medicine and also at a lower cost that this device can be brought into the pocket of every position, and the hand of every nurse that needs it. not only is it lower cost, about can seellars a day, it much more patience, so patients don't have to wait a week to get an image. super excited about the medical benefits. forie: the ramifications this device globally are mind

it's going to be a defining moment i fink for a lot of our lives, includes myself. another one being this polarizing. >> oh, my god, no, i can't imagine one polarizing than this either. if you have not voted jet just thinking, you know what, i'm going to go ahead and take the plunge, there is still condition voter registration available. conditional voter registration, but you have to go to one of the vote centers here in santa clara county to do so. go there in person. you can register and then you can vote. remember, the polls close at 8:00, so you've waited this long, wait no longer, get there so you can get your threat is before 8:00 tonight. we're live in san jose, jesse gary, ktvu fox 2 news. back to you. >> it is never too late. jesse, i don't think there is anything better than seeing the woman in your piece there voting for the first time. it's just so exciting to see someone cast that ballot the first time and understand the impact they're going to have. >> exactly, with her family there. thanks to dave, our photographer, for getting that. >> absolutely. w

fink is so much, admiral, for being here today. do through this challenge tonight, sir. >> well, martha, thanks for having me. it's a pleasure to be with you. happy veterans day and what a lovely tribute. this is the third year in a row at usaa is doing a digital tribute to our veterans, a small thing, hashtag honor through action. you take a marker, a sharpie, you put av on your hand come up with the initial of veterans you want to pay honor contribute to. take a picture of it and post it. you can see the video on my hand -- i put the initials of my father and took a brothers who all served our country. >> martha: it's a great way to do it. i'm going to do it right after the show, i will put it on my hand and spread it around as well. admiral, talk to me about why it's so important i think to pause today. you feel sometimes like memorial day and veterans day can get lost and they deserve the kind of reverence and recognition that we are trying to get it here tonight. tell everybody a home why this matters so much. >> well, it matt

nira tandeu, cecilia ralph and wally, chief of staff of larry fink at the blackrock group.y join janet yellen as secretary of treasury, of course as we get confirmation of the senate. jen as secretary and karen as communication's director. many are familiar because they are all part of the obama administration. joe biden has fractured his foot after playing with his dog over holiday weekend. he was seen leaving x-ray appointment and will likely require a walking boot for several weeks after the fall. well, confirmed u.s. cases of the coronavirus hitting grim record passing four million in saturday. 90,000 people people hospitalized. people are asked to stay home as much as possible and to wear a face mask all of the time. gatherings with those not living in your household are banned. tackling the election issues and the fraud that president trump talked about, the president's attorney headed to arizona to meet with state legislators, state representative mark finchim saying that to hear testimony, a similar event was held in gettysburg, pennsylvania last week. joining me to

here's black rock's larry fink who said it could put pressure on buyout industry. >> in many cases i could replace many private equity platforms because they could be another avenue for organizations or subsidiaries of organizations to be spun out so if spacs continue to grow in importance, i do believe it is going to be pressure on some private equity because you're going to see more money moving into these types of organizations. >> the concern of some is the excess of new capital from spacs will chase the same supply of deals driving up valuations. that's not always true not every target would benefit by a reverse merger. just like not every capital structure would benefit from some sort of debt from a leveraged buyout sources that advise on these deals told me competition is fierce and that's causing hasty due diligence and willingness to pay higher valuations. rather than sit on the sideline, traditional private equity is getting into the spac game in a big way. apollo global, tpg raised spacs of their own this year >> apollo did one last night >> upsized upsized spac last night

all the market indications foreshadowing reporting we did on larry fink, the head of blackrock, largestvaccine some point soon, that is good for markets and investing. divided government is good as well. that is what markets tell us. neil, this is what is going on the corner of wall and broad. they are looking at the two seats in georgia believe it or not. they have give an edge to republicans and a market positive thumbs up. back to you. neil: all right. i know you mentioned sonny perdue. it is david perdue. you raise a good point. all it takes for one victory for republicans to lock on to the control, right? losing both all bets are off. we could have a biden administration but they're betting on at least one victory here? >> yes. the theory is though, neil, just so you know, it might go together. if one wins the other wins. it is the way people are starting to vote now to put a check on joe biden. neil: right. that's right. we forget that loeffler had quite a challenge right now within the republican. that vote presumably would go to her. we'll see. it is a little too early. january

at finke they are working to develop sustainable organic farming methods that can adapt to the changing conditions brought about by climate change it will take not just encourage mint but also major investment to win over smallholder farmers to agro forestry. and the changes to the climate are having a huge impact on the canal. they can no longer rely on a supply of water as in previous years. the rains are starting much later in the season. it's crucial to secure the water supply and that means more reforestation projects. but. panama's economy is dependent on the canal restoring forests will enhance the ecosystem and yield more fresh water to the benefit of the people and they can now. in this week's below bill ideas we look at be like many other insects there aren't a threat our reporters headed to the shower mountains national park in kosovo their conservationists are working to protect a unique in that trial landscape in which the busy pollinators play a key role. it's usually men who wear this kind of outfit in kosovo they are hardly any female beekeepers in the country sheep or s

joining me right now republican strategist ford o'connell and democratic strategist laura fink thankfor being here both. laura, first you. >> my reaction is that these sort of allegations are dropping like flies when they hit the courts. we see people making them that are recanting them and being paid by outside groups to make them. so really what matters is what holds up in court. so i want to see this go to court and -- if it's like every, virtually every other allegation made in kind, it will end there and it will die there. maria: so what specifically has been blown off the court then? i didn't see that, what are you referring to specifically? >> every single case, every sipping -- single case that's been brought of voter fraud. maria: actually i don't think that's true. >> well, what i'm saying is -- i would challenge you to come up with a case that actually has proceeded because we know that election officials across the country under democratic governors and republican governors in red states and blue states have said that this election -- it was secure, there were not allegat

can't generate enough income to pay debt service that is going to be an issue right now, we've got the fink away once we get vaccine no longer rationale to be there, i think totally right something we've got to be focused on right now doesn't seem to have the market's attention at all >> i want to bring ryan in are you saying you think this recovery is weakening at this point ryan payne jump? >> i -- as well jon here, but you know do we are we going to need government support if economy reopens, start looking at companies balance sheets, then phenomenal job cutting out costs a lot of operational leverage, industrials for instance, deer cut costs like 1 15, 20% last quarters i think going to go bode well we won't need that support any more. >> that is the whole in the in the meantime about what we've seen is parade of corporate credit down grades continue apace it wasn't just flurry of down grades when economy shut down but throughout even if economy reopens, that has been downgrade right and lowest back to that 1/2 trillion dollars, debt out there, categorized zombie companies barely able t

stuart: we listen to larry fink because he has a lot of money and runs an important company.s the largest money manager. that's right. speaker pelosi, confidently expected to win more house seats, did not happen and now she's facing intense opposition for moderates who think she went much too far left, this is abigail, newly elected republican, watch this. >> we watched what we shouldn't have watched the number one concern the people brought to me was defunding the police and if we are classifying as the success, we need to look at the [bleep] torn apart in 2022. stuart: we apologize, she is a democrat, i apologize for that, back to the speaker she led and consistently insulted the president and tour of the state of the union speech, she is paying a price for that. her leadership position is now threatened. that is my take, and about 30 minutes we will hear from nancy pelosi for the first time since the election and you will hear what she has to say. we also have an all-star lineup, larry kudlow is going to join us again, candace owens, steve hilton all coming up on this prog

. >> who is larry fink? >> the ceo of blackrock. hire him to buy blackrock etf's? hashe gentlelady's time expired. the question has been submitted for the record. >> may i cement these documents for the record. >> it will be placed in the record without objection. >> thank you chairwoman waters and thank you to our witnesses for being here today. like many of my colleagues, also i want to say thank you to the great work done in the pandemic. your work to accommodate regulatory and supervisory policies were very important and moving forward i urge you to be flexible to ensure a strong economic recovery. of the automated teller machines in the united states are independent, non-bank terminals. it is those atm's typically found in low income communities and thinly populated rural areas in which there are few if any bank offices or bank owned a tms. the widespread closures and denials of anchor counts to his this is within the independent non-bank atm industry present a serious threat to the financial stability not only of consumers who live in the area served almost e

as i said, these veterans are the greatest generation and have been a finks tour -- a fixture in our lives for a long time. their numbers are dwindling and dwindling quickly. my dad died in august of this year at the age of 100. we lose more and more of these veterans every day. and they will be sorely missed. but their legacy lives on in the generations of veterans that have followed them. and every age and every era, men and women have stepped forward to answer the same call that the greatest generation answered and in every era, those men and women, the men and women of the united states military, have embodied the values that characterize men like my dad -- humility, courage, love of country, self-sacrifice, a love of freedom and for their fellow man. madam president, service in the military was once commonplace, but in an age when only a small percentage of the population serves, we need to ensure that we don't forget the vital role of our armed forces and the price our men and women in uniform paid to ensure that all of us can live in freedom. it's been said 10,000 times but it