ken griffin says we need regulatory clarity first before we get into crypto.hink what he's waiting for is some sort of a demarkation of who runs the show, the sec, the cftc, what goes on with the ripple case is a big issue going forward, on regulation so we'll see more out of citadel in crypto when that regulatory puzzle gets solved a bit. back to you, liz. how are you by the way? liz: we're doing a jigsaw puzzle at my house. i'm okay, how are you? we're separated here. charlie: are you in the studio? or are you at home? liz: i'm in new jersey, everyone charlie: it looks so good. liz: isn't it pretty? charlie: it looks so good. i love your studio there. it's really nice. liz: you don't see the cat and the mouse trap in the basement here. all right, thank you very much. charlie: i know that. liz: charlie we'll see you next time. as jay powell and the fed prepare to raise rates today's countdown closer says as they gear up, he's got some cash cows , he says, you can milk for more profits even when the fed moves, closing bell ring ing in seven minutes, the dow ha

ken griffin has run citadel's hedge fund for a long time, a 43 billion dollar hedge fund.siness, which is extreme leap profitable, is it is they'll -- is citadel securities which is trading all over the world. david: it is amazing how you finesse this. i will stop the show. david rubenstein is dropping the lead line here. what is it like that duke university could generate a guy like fred who did coinbase, did this, and now takes part in citadel? david: i'm sure the development people at duke will be in touch with him shortly. [laughter] but obviously we are proud to have people like that come from duke university. ken griffin is a graduate of harvard and came from circumstances and has been trading ever since. he has become one of the most successful people in the financial service world. tom: a joy to have you join us. david rubenstein of course of carlisle. melanie hopson who has been a board member for bloomberg philanthropies as well. lisa, the markets move and i will say it is a constructive treatment on what we see off of this inflation report. lisa: people already

francine: what is amazing is that in the past, ken griffin said he was not into bitcoin.w what he spends his money on? reporter: he is certainly a big spender. he bought a wonderful townhouse off in paris, and more recently he spent about $14 million for a copy of the u.s. constitution. despite all of that outgrowth, his fortune continues growing. tom: thank you very much on the growth of citadel and its ceo. let us check in on the markets. you have the gains and they are protected -- particularly pronounced in japan. we also have the tech stocks in hong kong. basic resources are up 2% and iron ore is up after the production constraints in brazil. we have five or so sectors in the red. bmw is now outselling mercedes in terms of luxury sales for the first time since 2015. they are finally taking the crown from daimler in luxury. francine: it is an interesting story as we look more into it. the fact that it is just the story that it is not going away. you hope that everyone will give you an interview and tell you ahead of time. that was a revelation overnight. tom: he did n

which is interesting, because ken griffin -- emily: quick question, horwitz just raised a $9 billione going to see more of this? >> it sounds like the lps are happy right now. they are giving venture firms more money. this is common. every year we see more money getting thrown into this ecosystem. certainly i would think some of the top firms are providing such great returns that it is not hard for them to get more money when they ask for it. when you have people itching to invest in these funds. one thing you do wonder about is valuations have gotten out of hand. many people are increasingly saying we are due for a correction, especially when you look at house that how tech stock search -- when you look at how tech stocks are trading. emily: the numbers are big, we know that. katie roof. thank you. coming up, the stocks to watch in 2022 from airbnb to netflix. the analysts at bloomberg intelligence give us their topics for the year. this is bloomberg. ♪ emily: which companies should you be looking at in 2022? we are joined by joel weber. joel has narrowed down 2000 companies to 50 s

citadel securities is majority-owned by ken griffin., 24 hours a day, on air and on "bloomberg quicktake," powered by more than 2700 journalists and analysts in over 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ >> if you're able to withstand some of the pricing pressure and supply chain disruptions, those are the quality companies we want to be invested in. take advantage of the volatility there. in terms of the rates increase, in terms of volatility we are seeing of anticipation of earnings. ironically, volatility around taxes creating opportunity for us. tom: this is informative. you can see that on bloomberg additional, radio and television, kristin was sharp yesterday was city private bank. lisa abramowicz, tom keene, jonathan ferro to get you to the top of the arrow or. we have loretta mester and then politicians. barry ritholtz, we knew he had the courage to go out the x exits -- x axis. your summary, which i thought was brilliant, this is an excessive 2022. how do i invest, allocate, put cash to work if i am aberran

investment in a deal valuing the electronic trading firm majority-owned by hedge fund billionaire ken griffin.2 billion. they go on to say sequoia capital and cryptocurrency investor paradigm have agreed to invest $1.15 billion in the chicago-based firm. tom: i can't emphasize enough the importance of these two names. paradigm may be less known, but sequoia capital, when i saw that come up, this is i am sure what citadel, not only be hedge fund, but the order flow firm, this is exactly what they wanted. this is good housekeeping seal of approval from venture capital. jonathan: citadel securities to receive first outside investment. the second story i wanted to talk about, goldman's call for china gdp has just come in a revised forecast for 4.3%. the reviser forecasts 4.3 percent. initially my reaction was to compare and contrast with america. the fed has got real gdp were -- real gdp growth in america at 4%. that is china gdp coming down to where u.s. gdp is set to be in tom: tom: 2022. -- in 2022. tom: the benchmark has been for labor stability in china. this alludes to what we have heard fr

the first time ken griffin's citadel securities has taken an outside investor and, of course, by takingaises the possibility in the future of a potential ipo or sale of citadel securities i want to mention, this is citadel securities the trading and market-making firm that competes with the likes of goldman sachs and morgan stanley and everybody else this is not the hedge fund but acute endorsement by effectively silicon valley in what kevin griffin has created. i am sure we will have folks on wall street to wake up this morning and say, wow, there is something going on here. sequoia early on was one of the early investors in apple and just about every major company that's come out of the valley and, you know, interestingly, we've interviewed ken griffin so many times on this broadcast he's often talked about his firm as a technology company. which don't often think about it like that. sequoia is talking about it like that paradigm is another transaction, they're another growth venture capital firm investing in this company. he owns about 85% of the company of this unit on to itself. so

have a primary, but the general election is expected to get rough and tumble, republican donor ken griffinhas vowed to fund someone to defeat you. what do you say to cynics who say big money is drowning out the voices of the little guys? gov. pritzker: i think you know i have been a democrat my whole life, and i have been supporting democrats for public office my whole life. even now as a candidate for reelection, i am supporting other democrats to get elected. the values of the democratic party are about fighting for the working class. it is about fighting for working families, lifting up people that get left out and left behind often, too often. and that is the intention of my candidacy in my campaign. that is why i put resources behind other democrats and behind my own. on the other site, they are about -- remember, the folks that are supporting the other side were the same folks that brought our prior governor to office and continue to support him after he decimated social services across the state and put a significant -- put us significant antedate. i have turned that around, i've fi

$1.5 billion into citadel, the first-ever outside investment in the firm founded by billionaire ken griffinould lead to an ipo. citadel securities net trading revenue surged to $7.7 billion in 2020. aia life insurance legacy and australian a bit to streamline its portfolio. the -- has emerged as a -- in policy and day -- could help aia raise a few hundred million dollars. the insurance giant is said to be worth -- looking for a financial advisor. up next, we will be hearing from an emerging markets. -- will be more resilient this time around as well as getting some of his top picks of the year as well. this is bloomberg. ♪ ♪ haidi: -- vonnie: federal reserve chair jerome powell pledged to do what is necessary to contain an inflation surge. -- giving fresh details on the path of u.s. monetary policy. powell's remarks to a senate hearing were more guarded than some of his colleagues who have openly called for the fed to start raising rates in march. >> if we see inflation persisting at high levels, longer than expected, then we will -- if we have to raise interest rates more overtime, we will