that is what ken griffin put out there.erested in the longer-term potential ramifications of the threat, even if they don't go on. the only thing we have right now is rhetoric. jonathan: we talked about the degree of confidence coming into 2025 skyhigh for consumers. consumer confidence is a little softer. business confidence is still elevated but there was some clarity and they wanted fast. they wanted to hit the ground running. they got a sense of that at the world economic forum. the confidence from american executives was palpable. they wanted to make hiring decisions, decisions -- capex decisions. they can't until the have clarity on the monetary policy. lisa: there will be that clarity, the dealmaking. look at banks. how long does this grind on before people challenge that? annmarie: i don't think they will get clarity. we have been talking about it. going back to the idea of dealmaking, m&a, animal spirits. this january was the lowest convective 2015 when everyone said this was going to be the year of doing deals. ev

you agree with ken griffin? >> well. >> first, he's richer than i am, and he has very blue eyes, by the way. so he could be a teller of truth. i do agree with him with much of what he said. now, let's be fair. we're going to have to see what comes out of the budget negotiations on capitol hill and whether or not they can credibly reduce the deficit, start bending the curve, or if it's going to expand what they've talked about so far adds another 2 to 3 trillion to the deficit. the issue now is the interest that's paid on those borrowings by the us treasury. and we pay $1 trillion a year in interest. we only take in 4.96 trillion. and in terms of revenue, 19.3% or so of everything, all the sails, fees, taxes, tariffs, whatever it may be that the government levies goes to paying interest. that's the achilles heel. and i think larry has raised a very good issue here. and i agree with ken as well. this is the risk to our economy. we'll hopefully have it mitigated by this new administration. we'll have to see. >> the

. >> ken griffin's exactly what ken griffin was saying that this sort of, you know, chaotic situation isn't good for ceos. it isn't right for just this reason. i mean, the first thing i thought, though, i mean, good, that was a bold statement from ford. and i thought, oh, this is good for mary barra. she doesn't need to be the one in the crosshairs. she's feeling the same. i'm sure it's just as chaotic. >> but she said. >> that she could mitigate up to 50% of the tariff headwind. so i. don't think she's in the same position. >> they've outperformed. >> maybe not. >> they've outperformed ford. >> and i think i think that farley, to a certain extent, is using this as a kitchen sink approach. he's underperformed gm for quite some time right now. his ev strategy was nonexistent. mary barra has knocked the. >> cover off. >> the ball at gm up 21%. one year performance. ford down 29%. that's all you need to know about this conversation. >> that says a lot. i mean, i'm just looking here. so if you pulled up the msci world auto manufacturing index on a three year basis, that index is unchanged

our other top stories, ken griffin, citadel founder, criticized trump's rhetoric on tariffs, saying its mistrust with allies after trump announced 25 tariffs -- 25% tariffs on steel and aluminum imports. griffin said he wanted to say thank you to elon musk for trying to/government spending. scott bessent is traveling to the ukraine to meet president zelenskyy and discuss securing critical access to minerals. he will be the first member of trump's cabinet to visit the country. those are some of our top stories. coming up, the u.s. and u.k. failed to sign the final communique at the paris ai summit. all of the details of that, next. this is bloomberg. ♪ the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ >> good morning, i'm lizzy burden in london a

today the commentary from ken griffin, chief executive of citadel, who was at the ubs financial services conference and said of the proposed tariffs from the president, quote, from my vantage point, the bombastic rhetoric, the damage has already been done and it's a huge mistake to resort to this form of rhetoric when you're trying to drive a bargain, because it's like imprints it tears into the minds of ceos, policymakers. we can't depend upon america as our trading partner. regrettably, the other side of the story is the uncertainty and chaos created by the pair of dynamics between us and our allies. is it an impediment to growth? it makes it difficult for multinationals. i mean, there's one of the world's greatest investors saying that the rhetoric is not good. the damage is already been done, and there's chaos as a result. is that a problem for markets or. no, i think. >> to some extent it can be. said that any sort of uncertainty. >> from a. >> policy perspective. >> is going to flow through into. uncertainty at the. >> executive level. >> in any sort of business. right. and there m

. >> well, let's start with citadel ceo and republican mega-donor ken griffin. >> sending a stern warning>> over the negative impact from president trump's approach to u.s. trade policy. speaking yesterday at the ubs financial services conference in florida, griffin told attendees, quote, from my. vantage point, the bombastic rhetoric, the damage has already been done, adding, it's. >> a huge. >> mistake to resort to this form of rhetoric when. >> you're. >> trying to drive a bargain because it tears into the minds of ceos, policymakers that we can't depend upon america as our trading partner. california regulators say they plan to impose a $1 billion special assessment on private insurers to shore up the state's insurer of last resort. that's also known as the fair plan. following the devastating l.a. wildfires that could end up costing insurers an estimated $75 billion. state commissioner ricardo lara says the assessment is necessary to continue paying out claims to fire survivors, and the wall street journal reports white house officials are discussing plans to consolidate federal bank

i'm buying ken griffin's dinosaur, those kind of fossils.u were a kid -- jonathan: childhood dream. annmarie: my nephews looked at that and said i would like a dinosaur. lisa: go to space, by a dinosaur? some things don't change. jonathan: next, we talk dollar strength. >> the strong dollar policy is completely intact. president trump reemphasized the importance of maintaining the dollar. jonathan: that dollar getting a little bit weaker. we will catch up in a bit. from new york, you are watching bloombergtv. ♪ jonathan: equity futures on the s&p still going towards a week of gains on the s&p 500 and the nasdaq going nowhere, and the russell small caps positive by not even .10%. the main event is later this morning at 8:30 eastern with the payrolls report around the corner. let's talk about bond markets. thank you, treasury secretary, scott bessent made the point that him and the president of the united states are focused on the 10 year yield and not the rate at the federal reserve -- at the federal reserve. lisa: but they want to focus on w

. >> or ken griffin. >> sarah who you. >> know quite. >> well saying that. >> the tariff quote chaos. >> is an impediment. >> to growth. >> no, this has been. >> consistent from griffin. and yes, he's a conservative. i mean, he probably agrees with a lot of what trump is doing and saying, but not on the tariff front. he says. from my vantage point, the bombastic rhetoric, the damage has already been done. it's a huge mistake to resort to this form of rhetoric when you're trying to drive a bargain. because it tears into the minds of ceos, policy makers that we can't depend on america as our trading partner. it makes it difficult for multinationals, in particular, to think about how to plan for the next five, ten, 15, 20 years, particularly when it comes to long lead time capital investments that could be adversarily adversely impacted by a degradation of the current terms of engagement as amongst the leading western countries when it comes to terms of trade. basically, that it's bad for. growth. that companies and ceos cannot plan and leaders cannot depend on america, that the tariff s