joining me, chief executive officer of siemens joe kaeser.hank you so much for speaking to bloomberg. joe: sure. francine: can you tell us about that first day you started at siemens? joe: it has been a while, obviously, but i was coming into siemens and i thought, oh, my god, they have abbreviations for everything, i don't know nothing anymore about what i studied. so it was quite an experience. francine: going into it, what did you think? did you think this is a company i want to work for for a long time? joe: i had multiple opportunities. i was interviewing a different places, but then i thought siemens at that time was still in the semiconductor business, the electronic business. i thought this is really cool. they were about to develop this one chip, so it felt pretty cool. so i said, yeah, siemens. francine: how has the company that is where i want to be. changed? joe: it is like day and night, really. i was coming into a manufacturing environment, it was about customers. about production and process and cost efficiency, and there was a

francine: joe kaeser, thank you so much. y pleasure. ♪ jonathan: from new york city to our viewers worldwide, i'm jonathan ferro, with 30 minutes dedicated to fixed income. this is "bloomberg real yield." ♪ jonathan: coming up, the u.s. economy rebounds, but inflation forces fade, raises questions about the fed's next move. at&t gets away with the biggest debt market deal of the year. $22.5 billion with the bon worts sold -- the market wanted even more. billionaire investor howard marks of oaktree capital issues a warning about current valuations. we begin with a big issue -- fading inflation forces raising questions for the fe

march 2014 joe kaeser med with russia's president vladimir outside his resident moscow.nnexedays after russia cry mia. crimea.-- outcome was complicated. didn't know that president obama and the european leaders had the same time meting. have a press would conference. since the american president just didn't bother telling nice appointments. unfortunate timing. interview and that was .rimea i was asked how the hell could even go so this person. [speaking foreign language] >> i said it's good to talk to and not about each other. i was committing to all these people. crimea and this is territory. we have been through with the russian people in two world wars. this is kind of temporary issue. thishappened was, you know well, what was the news on the media? two world warst material.maybe not as that was big bit unfortunate. was, i said i made a theitment to industrialize country. that was the intent. learning.e was talking to each other in any sort of crisis, is more important than talking about each other. that never helped. >> does making america great again necessarily me

francine: siemens chief executive joe kaeser was one of the business leaders at the pres.rump: chancellor, thank you very much. such a great honor to get to know you, to be with you. i want to thank all the business leaders who have joined us. francine: siemens chief executive joe kaeser was one of the business leaders at the angela merkel delegation to the white house in march. siemens employs 50,000 people in america, and is one of its biggest foreign investors. but the visit came against the backdrop of uncertainty, after the new president had been less than complimentary about german trade. what do you think will come out of the trump administration? joe: i think the jury is out on this one, because we hardly made the beginning of the first year, and it could be up to eight years. you know, i honestly do believe he is trying to do the right thing for his country. the style is different as to what we are used to. i think that the europeans are well advised to look into what matters to them and what doesn't. and if he has these issues with any sort of russian collusion o

joining me, chief executive officer of siemens joe kaeser.ch for speaking to bloomberg.

joining me, chief executive officer of siemens joe kaeser.

joining me, chief executive officer of siemens joe kaeser. thank you so

joining me, chief executive officer joe kaeser.