jonathan gray, blackstone president and coo.omberg. ♪ it is with great pleasure returned to erik schatzker because he is here with jonathan gray, blackstone president and chief operating officer. erik: thank you. jonathan gray, good morning. thank you for coming to bloomberg. athan: thank you. great to be here. erik: you held your investor day in four years on friday and revealed a lot about blackstone's future, and you initiative in life sciences you are talking about with an expansion in asia, and an emphasis on permanent capital, and specific funds you plan to raise. why reveal so much about your strategy? jonathan: it has been a while since we sat down with investors and we wanted to give them a comprehensive update. a lot has changed at blackstone since four years ago. the biggest thing that has changed is the way the firm is expanding. further, theack firm was more focused, let's say, in private equity and real estate private equity, and we have seen this liberation of things we do, all built on the backs of delivering gre

that was blackstone president and chief operating officer, jonathan gray.he headlines earlier on. the market shrugged its shoulders and moves on. you have to ask yourself, why? >> welcome to america. guy: you could say the same thing in europe. the half-life is coming in. >> we have become accustomed to this. does it matter to the market and should it? whether you're talking about mueller headlines, trade headlines, all of these things could end up being important for the economy, for the government. it seems most investors are waiting for something concrete. what?resigning, what is the endgame of that? especially, with politics. see movementd within the indices. you have the s&p changing today. we talked about it friday. we also have some deals, including paying door. -- including pandora. >> the stock of the hour is pandora. pandora is being acquired by sirius radio. it is all stock. analysts saw this as being , that it would take this step. the idea for sirius radio is the idea for it to expand beyond radio and cars and go to mobile and online. for pando

. >> we will hear more about this record rally with blackstone president jonathan gray.with cnbc today at 1:00 p.m. eastern time. what do they think about this rally? we'll find out >>> in the sports world, maybe the unthinkable has happened the cleveland browns won their first game in 635 days you're welcome, courtney reagan. they were down at halftime tyrod taylor, great quarterback, he got hurt. baker mayfield, their first round pick comes in. they do the cleveland surprise a little trickery. he catches the pass for the comeback win the baker mayfield saga, i guess, scenario, era has officially begun in cleveland. that leads us to the top trending stories courtney reagan, miss ohio, do you have any browns fans in your family >> my brothers >> you like ohio state which drives me nuts because i love you so much, but i can't buy the ohio state thing >> you understand being a fan. >> but ohio state could beat cleveland. >> they could. but my brother is a huge browns fan. he and his sons have to be happy. >> is that the family i met in dayton >> that's right. >> beautiful

tory: jonathan gray speaking .rik schatzker in new york db go.ction is you can get a summary of all theure reference, as well. from new york, hong kong and sydney, this is bloomberg. ♪ haidi: this is "daybreak asia." shery: let's get a quick check of the last headlines. maker michael kors is said to be in near agreement to versace fashion label. an announcement could come at any time with a deal valuing versace at $2 billion. say donatella versace has called a staff meeting tuesday to announce the sale. her brother have run the company since the murder of sibling, gioni. haidi: and a major aimed ational shakeup interest. investor a memo from the c.e.o. says the generate business relevant to investors. an up and down day for starbucks, closing lower. shery: and plans to boost improveservices to profitability of banking operations and expand the customer base. to bank is looking digitallization to boost services and customer base among sized company.m ocbc wants to trim 40% fromncome ratio to 43% during the first half of the year. haidi: sirius xm's deal to pandora media suffered a wrong

wayne: "cat gray: superhuman"? jonathan: it's a trip to belize! wayne: perfect. jonathan: true dat.er, wayne brady! it's wayne brady, thank you so much for tuning in. who wants to make a deal? who wants to make a deal? the doctor, the doctor right there, the doctor. come on, doctor. everybody else have a seat, everybody else, sit down. everybody else have a seat, have a seat, hey, doc. - hi, how are you? wayne: you are alexandra? - alexandra, yes. wayne: and what do you do? - i'm an assistant at an animation company. wayne: wait, you're an assistant at a what?

gray muck is flowing into the state's cape fear river, believed to be toxic coal ash from the site of a breached dam and spread by the florence floodwaters. jonathane is live in lumberton, north carolina, with the latest from the region. reporter: hi, jon, despite the apparent discharges from the retired coal plant, duke energy conducted water quality tests upstream and downstream on the cape fear river and says it has no significant impact on the water quality, that the water quality still falls well within state and environmental standards. meanwhile, what you see takes place behind me is going on all over the state. utility crews working hard to restore electricity to 26,000 customers down from 1.8 million power outages according to duke energy. flooding a reality from many residents and business owners. the city installed giant pumps along the riverwalk trail which flooded during hurricane florence, when the lumber river crested it spilled over a flood control berm. the pumps are bringing the water back over the berm and discharging it back into the river. though floodwaters are beginning to recede. there are plenty of neighborhoods and hundre