a deal could be announced on monday for the company currently owned by kkr.ign of optimism about a return of vacation travel despite the pandemic. shery: coming up, martin lycos from a core management joins us. and in economics professor and former doj monetary policy board member. we will talk about the prospects for that economy in japan. that's it for daybreak australia. daybreak is next. this is bloomberg. ♪ ♪ haidi: hello and welcome to "daybreak: asia." sophie: i am sophie kamaruddin in hong kong. shery: good evening from world headquarters in new york, i am shery ahn. back after 20 years, the taliban enter couple after the president leaves in the u.s. embassy is

really resent it >> guys, i did want to come quickly to a company we rarely talk about kkr.numbers but point to one thing i think is reflective overall with the avalanche of money out there, guys. they raised $59 billion in a quarter for their funds to put that in perspective, last year they raised $44 billion. $59 billion into related funds and so many platforms become a lot more than pe now pursue different strategies. blackstone, talked good about. kkr a large capital markets presence there, compete with the more established sort of names that we know in that area. but also still pursue a lot of pe i was just -- that number itself was quite astonishing, to raise that much in one quarter, just shows how much money is sloshing around out there looking for a return that's why if you go over what nuell has done nuell brans. systematically reduced pe firms, thrive when you sell a vision suddenly it's something they can be laser focused, create -- take costs out and come public again. joking about it. with -- look, i have to tell you i think the ceo is doing a remarkable job an

much court, you told us about a couple of your financials you trimmed back a little bit, including kkr-- you sold out of that. but you've also trimmed walmart. why? >> you know, i've been trimming a number much names, tyler again, i want to go back really quickly to steve financials are going to win. it's picking the right names walmart is going to win. it's a behemoth. nearly $600 billion in revenues in fiscal 2021 but that size is also going to be a weakness for people like me or investors like me that are seeking greater growth in some of these retail names. a 6.7, 7% sales growth is tepid when you look at some of the other retail names and get a bigger bang for your buck. let me be clear, walmart is not a name you'll lose in the long term with. it's more a matter of what bang for your buck you want to get. i don't think in the retail space walmart is a name over the next 12 months where i want to park my cash at this point. >> it's very interesting i think back of walmart, not very long ago, it was struggling to get out of the 50s. struggling to get out of the 70s. now it's at 140

kkr sitting right now near the 52-week highs.ave cheap debt and strong markets this company does very well. somebody thinks it'sbreaking out further and get even maybe through 70 because we see september 70 calls, 4,400 calls in kkr for around a dollar. the second is interesting well home depot we haven't talked about in a while stock trading around 335 or thereabouts in the price range we had buyers of the august 13, 337.5 calls. won't take a lot for the stock to get to the level. somebody thinks that's going to happen in a hurry. 250 to 360 is the prices on those. bought it a little over 4,000 of the calls >> uber. pushing high are on the back of rngs we debate that stock because josh brown owns. up 4%. back right after this. what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere w

thought it was $3 trillion but can't stay there private equity firms like blackstone and kkr may haveut to work to justify their existence. but private equity can't leave cash lying around. wave of leveraged buyouts to offset the slowdowns and take overs, courtesy to the federal golf's tougher antitrust shows you how well they're doing. fifth upside risk, could get memed. stuck in the mud for ages waiting to close but there's a short position here. memesters struck and bought up hand over fist tomorrow morning on "squawk on the street," ceo adam aaron is our guest. congress is making progress on infrastructure package and white house extended moratorium on evictions through early october. rental property owners get less cash but people can afford to buy things or invest in the market finally bears' hedge funds keep capitulating they have to buy to keep up with the averages would rather wait for pull back but bull refuses to give them entry point. there's lots to worry about if you're bullish, but lot more to worry about if you're bearish. there's always a bull market somewhere and i p

kkr being bought for $2.7 billion.s betting on growth in vacation travel despite the pandemic. they will go into 11 new european markets. green bonds more investment in the social and governance metrics. the bank says it is part of a strategy to link sustainability to all forms of finance. the financial services is leaving york offices. they plan to close to midtown manhattan offices. the company says staff will work motley or from buildings in new jersey and connecticut. -- will work remotely or from buildings in new jersey and connecticut. alix: you don't return to the office at all and that will have issues in new york real estate and what about the businesses around their? it is the triple -- around there. it is a triple threat and how new york can recover. guy: where one goes, do somebody else step in? don't know the answer. i get really different ports on what is happened -- happening in the london real estate market. i walked around the streets and nothing is happening. there are different parts that are busy. t

this getting attention after the kkr group signing that $31.7 billion to purchase that spark infra grouplots more to calm on. "daybreak australia" this is bloomberg. ♪ haidi: u.s. listed chinese avr's climb a second day. more positive sentiment across markets with a positive rebounds. tencent and others surging. jd.com gained ground after revenue beat estimates. we could potentially have more developments on the way. the sec has begun issuing new disclosure requirements for chinese companies looking to lift after it halted ipo's earlier. last month they called for a pause in ipo's. the surge in 2021 halted. haidi: it is interesting, jd.com, the chinese e-commerce giant, announcing the chinese tech crackdown. it beat estimates as consumer spending increased. we have -- jd has often played second fiddle to alibaba. what is it doing differently from alibaba, tencent? >> there are a couple things going on. alibaba and tencent are more high-profile and have been more targeted by government regulators. especially alibaba. in their most recent quarter alibaba and tencent did see sales miss. jd

will be offered the vaccine by next week step 2.7 billiard -- million dollars in cash for a kkr phone. global news, 24 hours a day, powered by more than 2700 back to journalists in 20 countries. this is bloomberg this is bloomberg. ♪. ♪ >> if it turns out as the day to come in, we see we do need jonathan: that was dr. fauci speaking to face the nation over the weekend. he said as the data came in, we need to give an additional does to people who are immunocompromised. we will be prepared to do that quickly. from new york city this morning, good morning. here is the price action in the equity markets. we are down 13 on the s&p and negative in the bond market. 15 minutes into the program and we haven't mentioned the federal reserve. you will hear from the chairman tomorrow in a town hall with educators that will take place tomorrow afternoon. tom: you will avoid monetary era, no doubt on his way to jackson hole. with futures at -13 and doubt futures -102, from afghanistan, the horrific earthquake in haiti, there is still the pandemic. there are little people with major problems. it's on

kkr has crushed its record by bringing $59 billion second-quarter largely driven by the initial closingthis fund . the manager said it nearly doubled from a year ago. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta . this is bloomberg. >> the thing that is different about china today and contrast for the last 40 years is that they not remember they are communists, and you end up with a situation where you are not -- they are not doing things, which created alibaba, and the opportunity for people to make a lot of money, and they are now becoming political. lisa: michael -- e line jonathan f.: -- tom: dan ives join us right now, and i am very much bullish on apple and other tech stocks. i know that lisa has some interest in the china story. i need you right now to reaffirm 185 and how your path gets out to 200 on apple, and the major thrust i have is in this pandemic, in securities analysis, how far out can you extrapolate the cupertino experiment? do you go out six month, 18

the private equity firms, apparently kkr has, what, $400 billion worth -- >> buying power. >> on thiseek with me talking about it it's just going to continue. that's why i made note of that 59 billion during the quarter that kkr brought in, just as reflective of how much money has moved into private equities coffers. >> worried about what happens with antitrust if it's private equity >> was fine for their deals, probably not going to get as much scrutiny, at least not that often. >> there's the opening bell and the cnbc realtime exchange it is weber celebrating its ipo, we're going to talk to the ceo at the nasdaq, also celebrating its ipo. speaking of money sloshing around, we are wondering, jim, why they took their share pricing from 47 million shares to 18 and then priced below the range. >> when i talked to him last week, i thought it was the kind of deal, the same day i talked to ms. tryingeager that this wob a deal where the backers could get some liquidity it just turned out to be a sliver deal where it might pop they're going to get the pop, i think, because they cut it back s

. >>> hyatt hotels is planning to buy apple leisure group from kkr partners for $2.7 billion. leisure operates the secrets and breathless resorts spa chains the deal would give hyatt one of the largest u.s. providers to mexico and dominican republic. >>> minneapolis fed president kashkari said they would mark enough progress in the economic recovery for the fed to start tapering kashkari making the comments last week. he said it will limit the employment outcomes of the fed he believes the current pricing pressures right now are transitory >>> later on today, don't miss boston fed president eric rosengren here on cnbc later on this afternoon at 4:30 p.m. with our colleagues on "closing bell. >>> now to the latest on the virus pandemic with the u.s. averaging 129,000 new cases a day. that could increase. this according to the nih director dr. francis collins warning the country may cross 200,000 cases per day. the last time the country crossed that line was january. dr. collins calling unvaccinated americans quote/unquote sitting ducks for this particular virus. the biden admin

. >> maintaining the position we also own blackstone and kkr in the etf.t everything kari said in addition to that it offers inflation protection, excellent hedging mechanism. and it also is an alternative investment solution, kind of replacing what we thought hedge funds were going to be years ago. >> got another call today on fedex, reiterated a top pick at jp morgan. joe, i know you own it but, weiss you own it too. >> yeah, i -- it's been a very disappointing position i'm up slightly in it. i was up a lot more. look, i don't know why it traded down as it has and they just announced price increase for the christmas season i think this goes higher still it's a very, very cheap -- >> i'm looking right now wasn't it up a ton no, i don't know. >> yes. >> i thought it had a nice run by the way. >> yes it did. >> didn't u.p.s. have some issue with volumes or something like that, not that long ago? maybe that's one of the issues for the shippers i'm not sure. >> well, the issue was costs you know, labor costs, yeah. that was the issue but they're beyond that.

secrets and breathless resort spa chains sells vacation packages under apple brands it is owned by kkr>> spacex taking another step toward space travel. elon musk tweeted the first stack of the rocket should be ready for flight in a few weeks pending regulatory approval. in may, spacex landed the prototype that could eventually carry astronauts and payloads to the moon and mars and even beyond. >>> when we come back, businesses pushing back their dates for the return to offices. we'll talk about what it means for employees and how to at nt.es the chang th'sex nts] ♪ ♪ [grunts] pnc bank believes that if a pair of goggles can help your backhand get better... yeah! ...then your bank should help you budget even better. (laughing) virtual wallet® is so much more than a checking account. its low cash mode feature gives you at least 24 hours of extra time to help you avoid an overdraft fee. you see that? virtual wallet® with low cash mode from pnc bank. one way we're making a difference. (chimes) new projects means new project managers. you need to hire. i need indeed. indeed you do. when you

but pivoting away, i wanted to touch on another you're getting close to taking some profits on kkr?bringing that one up this is a name i probably talked about more than any other name on your show people ask me about it on the street this is a wonderful company that we started buying at around 14 or 15. at the time that was at book value, so you were able to get the fees and carried interest basically for free today the stock is over 60, about 65 that's right on top of our valuation. we continue to hold it, but it was extremely cheap. now it's a great company, no longer extremely cheap. >> we're versus memes in general garners a lot of interest, how it speaks to the composition of the market right now and the wild year we have seen, as we did tick to tick, albeit at very small increments >> there's still a lot of concerns with inflation protections, so we are helping our investors, trying to get investor to say continue to diversify over megacap stocks, looking to just stocks with more pricing pour infrastructure has been all over the news, and then commodities in oil is another big

announced it would buy apple leisure group from kkr, it acquires the 100 hotel properties, which includes resorts and spas brand, including the unlimited vacation club it's footprint into 11 new european markets highial hotels' ceo joins us for a "closing bell" exclusive interview. welcome back good to see you. >> good to see you too, thanks, sara. >> is not a sign of optimism and travel restricts >> well, yes is the short answer to your question we are optimistic about the durable base of leisure travel into the future. you know, leisure was the first segment to return and recover subsequent to most of the downturns in the last 20 years we obviously have seen a robust recovery in this one sectly, i think we are not underwriting this transaction, but rather what happens farther in the future. this is a tremendous platform, highly desirable set of brands with a tremendous amount of embedded growth. we think this is going to be a growing segments the all-inclusive market within leisure and resorts is the fastest-growing area across the americas and in europe we're excited to have very signi

we are talking about some big players, like fidelity and kkr.global investors pumping money into india. we are talking about a $.8 billion for the amount of money raise an ipos so far this year. it has already exceeded the total and now we are seeing for indian ipo fundraising for the last three years. shery: quite a breakout year for india because it always sort of lags by the u.s. and china but things are turning for the indian markets. be sure to tune in for bloomberg radio to get more in-depth analysis from the daybreak team,. -- broadcasting live from our studio in hong kong. plenty more ahead. stay with us. >> we believe that the worst is passed. >> it is very fluid. >> the shortage will run well into 2022. >> is driven by the capacity, already the actions have been taken by our suppliers. this will also go away. >> microchips are the center of most of this activity. but we are seeing a wide range of supplier disruptions largely to a continued outbreak of covid. >> we think we will be probably into at least mid 22 until we start to see sup