ken griffin's midas touch. his fund soared over 19% in 2019 two top rivals.-and-tumble bankruptcy. own hugeter faces its bumps if creditors push for bankruptcy. joining us is sonali basak. let's start with ray dalio, who is arguably famous than ever and is underperforming, losing money for the first time since 2000. that is exactly right. so what does this all mean? since it started in 1991, it had an 11.5% annualized return. since 2012, that dropped to buy less than 5%. in recent years, the overall performance has been really lackluster. not to mention, bridgewater has a whole lot of change right now as a whole. here, theng forward future of this fund and where it falls into the broader strategy of the fund will be interesting. lisa: there's also a larger question with respect to this issue. bridgewater associates was considered a revolutionary fund that could always gain, no matter what. that is how it attracted such assets. does this sort of suggest more at the luck and, the time running out for the strategy? or is it just that everyone has a bad year? son

ken griffin said adele, what a guy he is. where the hell is he? he does not want to stand up. steve, you will stand, and he is very quiet about it. he does not want to stand. harold hamm, he puts a straw into the ground and oil pours out. it's true. other guys spend billions and billions of dollars, and they cannot find oil, he takes a straw like this and oil pops out. he has been with me from the beginning, he was with me from the day i came down the escalator with our first lady. by the way, do i see john in this audience? john, how do i not introduce john? they do not have your name down. will you stand up? what a great guy he is. i also see kevin brady, thanks, kevin. great job on the tax cuts. al kelly, visa. thank you. ryan lance conocophillips. you are doing fantastically we well. most of you can say that you are doing fantastically well. thank you, mr. president. don't feel guilty. allen mcdonald, citibank. good, you brought that back so far, i remember seven, eight years ago, but citibank is doing fantastically well. raymond mcdaniel moody's. good, are you getting us

ken griffin, citadel, what a guy he is. where are you? he is tried to hide some of his money. where the hell is ken? he will stand but he is very quiet about it. he is here somewhere and he will not stand. howard hamm, if he puts his drawing to the ground and oil pours out. it is true. other guys spend billions and billions of dollars and cannot find oil. a straw and goes like this on oil pumps. howard has been with me from the beginning. he has been with me since the day i came down the escalator. his jonathan in this audience? how the hell do i not introduce john? they do not have your name down. will you stand up? what a great guy he is. [applause] pres. trump: i also see kevin brady, great job with the tax cuts. now kelly, visa. al kelly, thank you. ryan lance, conocophillips. you are doing fantastically well. most of you i am saying can do fantastically well. thank you, mr. president. don't feel guilty. allen mcdonald, citibank. far.rought that back so i remember seven to eight years ago. citibank is doing financial -- fantastically well. raymond mcdaniel movies. are you g

ken griffin, citadel what a guy he is where are you, ken where the hell is he trying to hide with some of his money. look, he doesn't want to stand up where the hell is ken? steve, you'll stand and he's very quiet about it. he's here some place he just doesn't want to stand. harold ham he puts a straw into the ground and oil pours out. it's true. other guys spend billions and billions of dollars and can't find oil this guy takes a straw, goes like this, and oil pops harold, my friend, he has been with me from the beginning, right, harold? he was with me the day i came down the escalator with our first lady by the way, do i see john thune in this audience how the hell do i not introduce john they didn't have your name down. i don't believe it will you stand up? what a great guy he is i also see kevin brady thanks, kevin. great job on the tax cuts. al kelly, visa al kelly al kelly, thank you. ryan lance, conoco phillips. ryan, great. you're doing fantastically well. you're doing fantastically well, thank you, mr. president don't worry about it don't feel guilty. alan mcdonald, citi bank

ken griffin citadel, what a guy he is. where the hell is he? he's trying to hide, lookee doesn't want to stand up. where the hell is can. i see steve stand and he's very quiet about it. he's in here someplace he just doesn't understand. harold hamm, he put the straw into the ground and oil pours out. [laughter] it's true. other guys spend billions and billions of dollars and can't find oil. this guy takes his struggles like this and oil pops up. harold my friend he has been with me from the beginning. you are with me from the day i come down escalator. with our first lady. by the way, do i see. [inaudible] in this audience, jon how do i and the hell do i not introduce jon. they didn't have your name down i can't believe i didn't introduce you. what a great guy he is, thanks jon. i also see kevin brady, thanks with the tax cuts. al kelley, visa. al kelly, thank you. brian lance, conocophillips. brian? thank you you're doing fantastically well. most of you i can say you are doing fantastically well, thank you, mr. president. don't worry about it,

ken griffin, citadel. what a guy he is. where are you, ken? where the hell is he?s trying to hide some of his money. look, he doesn't want to stand up. where the hell is ken? see, steve, you'll stand, and he's very quiet about it. he's in here someplace; he just doesn't want to stand. harold hamm. he puts a straw into the ground, and oil pours out. it's true. other guys spend billions and billions of dollars; they can't find oil. this guy takes a straw, he goes like this, and oil pops up. harold, my friend. he's been with me from the beginning. right, harold? he was with me from the day i came down the escalator with our first lady. by the way, do i see john thune in this audience? john -- how the hell do i not introduce john? they didn't have your name down. i can't believe it. will you stand up? what a great guy he is. [applause] i also see kevin brady. thanks, kevin. great job on the tax cuts. al kelly, visa. al kelly. al kelly, thank you. ryan lance, conocophillips. ryan, great. you're doing fantastically well. most of you, i can say, you're doing fantastically

last year ken griffin's citadel seeing its main hedge fund soaring over 19%.or months, its multi-strategy fund has bested rivals. these -- last year hedge funds probably gained 9%. pilots gorecommending into simulated training before flying the 737 max. this shift threatens more delays for airlines. they say there are hurdles as they prepare pilots to fly the grounded plane. the u.s. regulator will make the final decision on training. that is your bloomberg business flash. nejra: thank you so much. let's get back to the top story. a uae oil minister has told number he does not foresee a major escalation in regional tensions. forecasting a , unless we supply have a catastrophic escalation, which we do not see. opec's secretary-general also sought to reassure markets. he spoke with manus cranny and abba dobbie. dhabi.emain -- in abu >> we remain confident that leaders in this particular region currently are doing to restorepossible normalcy, to arrest the situation before it spirals out of control. and i just want to use the opportunity you are giving me by -- t

and there was a whole sort of back and forth of ken griffin. >> becky thinks that's a little weird. >ou say? >> kevin warsh. >> yeah, he criticized i wish i would have picked you as chairman. >> we have to get all these lines together was this on film >> i don't know. >> okay. >> you know you're allowed to say whatever you want when you're president obviously. >> now that phase one of the trade deal has been signed they entered a new era. >> china has made substantial and enforceable commitments regarding the protection of american ideas, trade secrets, patents and trademarks but they're doing many more things in phase one that anyone thought possible >> but questions remain about the economic impact of the deal on our own steve liesman now being introduced here joins us more than just the gossip behind the scenes. >> this is a really complicated deal to game out range from guarded optimism to outright skepticism. the good and the bad most tariffs remain in place, almost every economic report i've read starts with that fact. the idea that those tariffs are still there. china will be u

kev griffin, citadel. what a guy. ken, where are you? , trying to hide some of his money. he doesn't want to stand up. where the hell is ken? steve, you will stand be he is very quiet about it. he is here someplace. he just doesn't want to stand. harold ham. puts a straw into the ground and oil pours out. it is true. other guys spend billions and billions of dollars. they can't find oil. he take as straw and goes like this. oil pops up. harold, my friend, with my from the beginning, right, harold? you were with me from the day i came down the escalator with our first lady. by the way, do i see john thune at this audience? john, how the hell didn't i introduce john? they didn't have your name down. i can't believe it. what a great guy he is. [applause] i also see kevin brady. thanks, kevin. great job on the tax cuts. al kelly, visa. al kelly. al kelly, thank you. brian lance, conocophillips. brian, great, you're doing fantastically well. most of you i can say you're doing fantastically well. thank you, mr. president. don't worry about it. don't feel guilty. alan mcdonald, c