where i think we have a differentiated view at kkr is two areas. i think we think food and oil prices will stay higher for longer when you look at the forward curve for oil, it has it coming down probably $20 more than we think is going to happen so we see elevated oil prices for some time. i think food we think will continue to be problematic just given russia's invasion of ukraine. ultimately that's going to lead to slower earnings growth. i think you're seeing that happen at a time when the fed is tightening and that means corporate profit estimates are probably too robust. if you look next year 85% of the companies in the s&p are supposed to have rising margins. that's not going to happen, particularly in this environment. look, we operate in asia, europe, the u.s. we have a pretty good window into the world and i'd say there are three things to focus on one is wages, two is oil, and three is the supply chain issues, while they're different created by the zero covid policy in china and russia's invasion of ukraine, those are creating dislocatio

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

most people think kkr is a private equity firm.ing about is what we've been doing across infrastructure, asset-based finance, real estate we're up meaningful year-to-date why is that? people can have pricing power, cash flow, up front yield, fan wed if we're right, they're going to want to own those assets the thesis was this is a different cycle. so we've been shifting i think the war in ukraine exacerbate exacerbate this idea of buying security around everything we've been active around cyber security, supply chain management we're short houses we're short workers and vital commodities to create the decarbonization transition so all those are creating shifts in the economy you've got to be thematic, top down i heard your earlier speaker i think you've got to separate the signal from the noise on what people are doing. near term we should all be eyes wide open. the corporate profit estimates are too high and second is the fed is in an aggressive tightening campaign, something that most investors have not seen, last time was in 199

blackstone, we heard they were considering teaming up with kkr on a joint bid for the company that nowbe a little bit in doubt. finally keeping an eye on carmakers and automakers in korea, they are dropping sharply at the start of trade and soul, that have been reports that offices of both of those automakers have been rated by german prosecutors, the prospect of them facing an air pollution probe. possibly wanting to see devices in the car to mark harmful emissions. shery: let's now gets a vonnie quinn with the first word headlines. vonnie: a former white house aide has offered a vivid portrait of president donald trump's behavior during the january 6 capital riots. kassidy hutchinson said trump knew some of his supporters were armed when he told them to march on the building. she said she was told trump tried to take the -- of the presidential limousine and lunged at a secret service agent when he was not allowed to travel to the u.s. capitol during the attack. british socialite ghislaine maxwell has been sentenced to 20 years in prison for sex trafficking and other charges related t

i talks to kkr who said that the tide is coming in.nd some people will be left out there, we will see who has been swimming naked. tom: bloomberg's dani burger at superreturn international in berlin, great conversations yesterday and more lined up today. joining us now is kit jucke, head of fx strategy at socgen, all there is a lot on the docket. your reaction, are you reassured, do you get the sense that the fed has their hands on the question of inflation? kit: they are being more aggressive and they will certainly win the fight. i have sympathy with the fed because they came to the world's rescue so aggressively back in 2020. we have massive inflationary pressures right now, some of it due to supply factors but a lot of it due to the fact that everybody is out there spending money on services rather than goods. everybody wants to go on holiday and be outside at a bar or restaurant. there are not enough people to serve them in the price of everything is going up. that will end on its own in six months time because of the inflation we

he is now chair of the kkr global institute.t me start with you and ask you, do you agree we're in this kind of middle phase of the war and what is its nature? who's going to break out? >> we are in a middle phase. it's a good way to describe it, fareed, and i think it will depend on the support from the west, most crucially, and by the way, how does this come out? i want to start with three simple words, i don't know. nobody does. war is the most unpredictable of human activities, but what really is happening here in this middle phase is you've got two burn rates going on, if you will. vladimir putin's burn rate is the killed in action, the equipment destroyed, the impact on his home front, the impact of sanctions. that's burning along and over on the ukrainian side, it's the patience and the support of the west. so fareed, if we do the right thing, it turns up additional military support, keeping the sanctions on, keeping the diplomatic pressure. i think the sketch map you laid out, pushing back to those pre-invasion, current

. >> carlisle, kkr, they have been slammed this year. >> professional jealousy is not that i'm getting's i love to have people judge us only on ten-year horizons. if we had private equities deal, we've only made money long term, maybe we reported a small mark to market dip in 2020 and we're back and no one ever noticed so there's definitely professional jealousy they also have 19 different kind of fees where we only get one fee. so i am talking as a jealous man. >> and a man in public equities. >> cliff asness there warning about the premium fees on private equity and saying maybe that's really the benefit of them, especially right now i hear so much anecdotally and we see reports from private managers saying that the money is flooding in right now. >> for sure. >> people don't want to deal with these daily fluctuations. it's painful, it's nauseating. put it in a private equity fund and we'll see it in 10, 15 years. >> it's a packaging thing, and allows endowments to say we have a smooth ride here we know that's an illusion private equity picks its entries and exits. it only picks the

we hope credit squeeze -- kkr has begun seeking investors. is said to have sent out terms. the consortium is trying to buy out randy deal-finance operations. haidi: the bank of korea kicking off a two day international conference focused on a range of issues including the role of central banks and digital invasion of the economy governor. the conservative party effect to take 10 of the 17 posts in the local election. before results are due in the coming hour we will be watching that because that means the president has more leeway to pursue his policy agenda. the u.s. envoy for north korea is meeting with japanese and south korean counterparts in the wake of several missile launchers. these are some of the stories and stocks we are watching in south korea. japan coming online, watching airlines after the u.s. u.s. falls on tuesday, we are keeping an eye on airlines and south korea. just going to talk exchange -- the australian stock exchange named the first woman appointed to the role. we will be watching the stock. haidi: coming, the german