for one, kkr is instituting this in all of the america-based buyouts.e heard from pete of kkr in the package. he launched a non-profit called ownership works. it has private equity firms to sign on and do a similar model three portfolio companies by 2023, apollo, ares, leonard greene some of the largest private equity firms in the country. this is the tip of the iceberg q we could see more. >> a good day for rhonda leslie, thank you. >>> coming up on "worldwide exchange." we'll get you ready for the trading day ahead and talk to one portfolio manager who is finding links to inflation >>> and this is asian american pacific islander heritage month. here is ann berry. >> my mom is from the philippines. she was one to move to the west in the 1970s i grew up seeing her feel i invi invisible. i made it a mission to making sure i could be seen and heard in the rooms i was in. my message to young people with asian heritage is you have a voice. be proud of your voice use it and speak up. ever wonder what everyone's doing on their phones? they're banking, with ba

general david petraeus is a partner at kkr and chairman of the kkr global institute, which he established in 2013. prior to joining kkr he served over 37 years in the us military culminating his career with six consecutive commands five of which were in combat including command of the surge in iraq command of us central command and command of coalition forces in afghanistan. following retirement from the military and after senate confirmation by unanimous vote of 94 to nothing. he served as director of the cia during a period of significant achievements in the global war on terror the establishment of important agency digital initiatives and significant investments in the agency's most important asset. it's human capital. general petraeus has earned numerous honors awards and decorations including four defense distinguished service medals the bronze star medal for valor two nato meritorious service medals the combat action badge the ranger tab and master parachutist and aerosol badges. he's also been decorated decorated by 13 foreign countries. so please join me in welcoming america's gre

>> caller: all right i have one question for you, what is wrong with kkr and the equity markets >> istone has better yield and better management and that is the conclusion of the lightning round! >> the lightning round, is sponsored by td ameritrade. >>> coming up, what did the ceo of ra see coming that most of us missed cramer looks back on gary's warning next. (dad allen) you know when you see a great deal on a phone, and then realize it's not for you? not at verizon. (mom allen) yep, they just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) i thought new phones were for new customers? we got iphone 13s, too. switched to verizon 2 minutes ago. (mom brown) ours were busted and we still got a shiny new one. (boy brown) check it out! (dad allen) so, wait. everybody gets the same great deal? (mom allen) i think that's the point. (vo) now everyone can get a new iphone 13 on us on america's most reliable 5g network. (allen kid) can i have a phone? (vo) for every customer. current, new, everyone. to show the love. i'm dan o'dowd and i approved th

today, i am talking to joseph bae and scott nuttall, the co-ceo's of kkr, in their first major intervieweing promoted to those jobs late last year. bae and nuttall run one of the most storied investment firms in the world. it was founded in 1976 by henry kravis and george roberts, along with their mentor jerome kohlberg. now 25 years after joining his analysts, bae and nuttall have inherited an even more

coming up on "balance of power," general david petraeus, chair of kkr.loomberg. ♪ what's it like having xfinity internet? it's beyond gig-speed fast. so gaming with your niece, has never felt more intense. hey what does this button do? no, don't! we're talking supersonic wi-fi. three times the bandwidth and the power to connect hundreds of devices at once. that's powerful. couldn't said it better myself. you just did. unbeatable internet from xfinity. made to do anything so you can do anything. whoa. jonathan: live from new york city, good morning. the federal reserve on wednesday and payroll report. the countdown to the open starts right now. >> everything you need to get said -- set for the start of u.s. trading. this is bloomberg the open with jonathan ferro. jonathan: looking ahead to the fed's next move. >> the fed goes 50 basis points. >> they have no choice but to hike for the basis. >> people are heavily fixated on where rates are going to be. >> the path to a soft landing for the fed is narrowing. >> the fed is in warp speed. >> i think it's dea

the primary competitor for us is not blackstone, kkr, tpg, carlisle, brookfield, whoever. it is jp morgan, goldman sachs, b of a, securitization market. i feel that $360 billion, we are just like that. we're just not a massive player yet in the market. we are growing fast. as i've said, this business is going to double over the next five years. even at $750 billion, it is not that in the scheme of the market. the market is immense. i look at one little subsector of it, energy transition, little apollo has put out $20 billion of energy transition financing over the past three years. we will do another $50 billion over the next three years. the need for capital, and most of that financing, senior security, project financing or little bit of a hybrid, it is not for the most part risk. it is not for the most part equity. the capital needs of our country and the world, given the state of change not just in technology , but in commodity usage, or immense. so i think the market will definitely get more crowded. there's no market that persists for very long without increased compe

once the younger got involved in business, as he rose through the ranks of kkr started experimentingcompanies he invested. now the firm uses it in all of its buyouts. >> we had good success, great results for companies, great outcomes for workers, and it's not just the money it's the fact that you earned it it's not charity it's not a gift. they drove productive any business. >> reporter: they will include their own profit sharing model for c.h.i., and the employees they spoke with said they have no plans to take their money and run. >> i'm all in with c.h.i simple as that. >> they're going to have to wheel me out of here. >> reporter: in the meantime, jamison who spends her days answering phones and ordering supplies, has big plans for her newfound money. >> well, we're going to disney well, i'm going to pay off my house. i'm going to pay off my cars and we're going to give a little bit to the church and help my kids a little bit. >> stavros is looking to expand beyond his own firm. he started a nonprofit called ownership works to explore the issue further, and got 18 other large pr

it acquired garage door maker chi overhead doors from kkr with a $3 billion deal.e to expand into more lucrative steel products and infrastructure plays. market not loving it, down 3.5%. >>> cloud stocks getting hammered today datadog at the bottom of the nasdaq 100 find out why those stocks are under so much pressure. >>> that story plus a bullish call on sofi and jetblue's hostile offer. the dow is up 57 points. in two seconds, eric will realize (laughs) they're gonna need more space... gotta sell the house. oh... open houses. or, skip the hassles and sell directly to opendoor. wow. get your competitive offer at opendoor.com this is xfinity rewards. our way of saying thanks, with rewards for the whole family! from epic trips... to jurassic-themed at-home activities. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and don't miss jurassic world:dominion in theaters june 10th. (laughter and music) (bat swinging) the aflac pre-pain show. aflac! ohh, mark is about to become a living piñata. luckily, aflac will he

to discuss, retired four-star general and former cia director david petraeus, also director of the kkr defense institute. but we should note you don't work directly with those firms. general, i would like to start with the report we just heard about the mariupol evacuations and the fate of ukrainians sent to these russian filtration centers. what do you think putin is trying to do here? >> well, they're trying to make sure that there aren't any soldiers who are making their way out of mariupol, trying to pretend that they're civilians. it's a pretty barbaric process, and practice, frankly. but just consistent with what they have been doing all along. as you know, the culture of the russian forces has really been to commit war crimes rather than to avoid them. and rather than to avoid the kinds of actions that you're seeing, and also just the sheer bombing and so forth of locations when they can't get them to subdue any other way. this is pretty barbaric stuff, but again, consistent with what we have seen so far. what we're also seeing right now, jake, is this is a pivotal moment. this

pay off my cars, and we're going to give a little bit to the church and help my kids a little bit. >> kkr in 2015 and will make ten times the equity invested on the deal. the best deal since the '80s shares at the largest u.s. steelmaker did slip on the announcement yesterday >> really cool story and by the way, ronda, i hope you have a good time at disney land or tdisney world but the intro said it all. this is an unusual story, right? you cover private equity you think other firms are watching and listening maybe they're going to learn a little something from this is this good pr is not the worst thing in the world >> exactly they absolutely are. and pete staff rose started a non-profit called ownership works, and he's actually gotten his fellow private equity peers on board and have commitments to have at least three portfolio companies by 2023 installing this model for future buyouts the these are all the big private equity firms apollo is one of the signatories to this. silver lake. the list goes on in this commitment to share in the wealth, the generation we have seen in recent year

. >> i like high equity, blackstone, carlisle, kkr. they know how to make money in any market.hey will find opportunities in displacement that's going on in corporate finance. charles: any sense that there's been an overreaction? one of the things i was looking at this weekend, companies that miss are down an average of 5.4% the day they report. which is okay. that is lot. most for many, many years. companies that beat are down, right, a lot? is there a sense that, this is either overreaction mark, or market quickly trying to find equalibrium after such a great run? >> you're seeing true impact on inflation. not just middle american consumer but also on businesses. this is i think the first earnings season in many, many quarters where revenue growth outpaced earnings growth. when is last time that happened? maybe 2018? it has been a while and what that means margins are getting squeezed. you're seeing the next 12 month operating margins roll over. when those roll over, that is whether you see violent selloffs. that is where we're at right now. charles: anyone have a sense where

blackstone considering teaming up with kkr on a joint bid for toshiba.south korea, the president holding a meeting on a budget plan. they are seeking an extra $25 billion for the budget, but that would be without new bond issuance is. we have fourth-quarter earnings reports and the bank of korea holding a non-rate second board meeting later. haidi: disney reporting system rise -- reporting surprise growth in subscribers were earnings and the outlook much more tempered. this is bloomberg. ♪ this is bloomberg. ♪ haidi: let's take a look at some stocks moving in the after hours trade. taking a look at rivian. shares a jumping 13% in the post-market trading. we are coming off some of those highs. they still expect to produce 25,000 vehicles this year despite some pain across the supply chain. they built more than 2500 units in the quarter. also watching beyond meat, they dropped below their 2019 ipo price as sales fell short. down 21%. also citing the high cost of producing new products that bit into profitability. this is first quarter revenue that missed e

budget, it goes here david, what did you think about nucor which i have on tonight to acquire chi from kkrs chi do? >> overhead doors. >> overhead doors? >> like garage doors >> i don't understand. nucor, the steel company is acquiring a garage door company? >> that's why i'm glad to have them on. >> will you ask him what he's doing to source anthracite they need that to make coal. they need anthracite coal to make steel >> nucor is scrap. a scrap steel company. and is, by the way, the most environmentally -- >> they use both >> they have used -- >> and rush sia was a huge exporter of anthracite i asked him last time and he didn't answer. will you ask him >> pennsylvania was the anthracite capital of the world. >> correct, still is >> one that's coming down fast >> do this and then we have to get to bob >> whirlpool, i had them on. he was saying that he felt he could sell europe. he wants to get rid of europe, not doing well there are a number of companies, south korea, chinese this stock just is in free fall, and we know that it's $9 billion company, they might be able to sell europe for