. >> no, i was talking to mike milken at the milken conference i said i was concerned about los angeles, he said it had to get worse before it gets better and it will get worse. >> the last time i was in los angeles and walking by the homeless areas there it's heartbreaking to see in the united states. >> yes, it is. >> it is heartbreaking to see. a lot of it is driven by drugs -- forgive me for getting exercised on this -- but it is a disincentive to go there for social outings to go work or whatever. >> how much worse can it get >> look at ken griffin saying i have to leave chicago because my workers feel unsafe here. >> he loves miami. i was at a dinner he hosted last week for milken. there were more new york real estate people, finance people in miami the last two weeks than you see here in new york you can do more business in miami in a better quality of life, better, safer environment. and that's what's happening here and these politicians, though, are not understanding the reality. there are no walls around manhattan. there are no walls around los angeles. so people can leave whe

and only milken doubled income. i was born in written jack, i didn't know he'd dick on the top 50 for example, and even the top 100 startups in indonesia. most of them are based in jakarta which shows quite a centralization of that talent and centralization of the capital itself. and london, is this a place to be efficient? don't need to be in japan because the wheel is all problems in a rural area and west. java is the biggest fish producers in indonesia. but the very beginning, the bird was not kicking off. we ran out of money for 9 months and i said to my team that, hey, i couldn't pay this month if you still believe in officially, please come back next next month. but if you want to find out the work, please do that most interesting. part of that story is that when i said that to, to my team the day after everyone went to the office and they were like regularly as usual thing. all of the investors, you did it, you had in indonesia and every single one rejected because i pitch this as a niche market. so it's real

my, he was but milken plan expert working with the 2020 data. he dre 10, 000, three sets of 10,000 maps. the third that guarantees one majority black district, 50 to 51%, race -- leaving as many black voters as possib to find, and the other six districts to form a second majority minority distri, then, continuity equal population, key counes together, state relatively compt,on't pair incumbents. prioritizecommunities of test. they said again and again that they didn't take into account communities of interest. that's flatly wrong. he. did what he was toltoo by the milken plaintiffs was to prioritize putting in theul counties together, and prioritize putting the 23 black beltouies together. when he did, that you had one majotylack district that was preprogrammed, anth second highest district averaged about 36%. >> i guess toeto the basic point, in what wado you or simulations, which yoar required to be race neutral with, whdo that seem to require an intense test? inth words, you seem to say at was wrong with the other simulations is that they too

of the devastating earthquakes killed at least 1600 people in syria, with a very well milken to you it to this or kick for this i was program live from moscow. this is oxy international, we do kick it off now with breaking news for you, you may, you may, i should say, recognize the name that of u. s. investigative journalist seymour hersh. he's revealed biden's possible involvement in the attacks on russia's gnawed stream gas pipelines. reportedly the attacks were planned for 9 months since 2021. let's learn more about the story right now with all these marina closer ever joining us. a live in the studio to just quickly marina. it's what it's worth, reminding our our guests that seymour hush is a legendary journalist. he's known for pushing back on the mainstream narrative just quickly. one example is he, in general, he has huge contempt for the american media. but when it comes to the official u. s. government narrative on the death of osama bin laden, seymour house called it one big lie. he's always pushing back on what, what are the mainstream narratives? now we have this intriguing

. >> something, milken said all the time true mike is right about that importantly we have seen whatilly, and novar doing type two die beatis drug making people lose weight dramatically desperation we are seeing getting drugs is a big deal will have an effect on longevity just walking has an effect on longevity. maria: moving, yeah. >> more importantly, people who walk a mile a day, have a reduced incidence of the onset of alzheimer's. maria: wow. >> you have seen so much so muchs crosses your desk your take where medical breakthroughs are right now what are you most excited about in terms of pharma i am glad you mentioned google, goal we know a search company but you know what? it is spending more and more energy time and more than on healthcare, so, you are seeing all these tech companies, understand that is where growth is where do you see growth. >> that really tells us what you just said is very important. ; to the markets, for example. in the worst of times, you still need your aspirin, right so you still need drugs. people get diseases that need to be cured, and our industries

we had this week the milken conference down here.s how many, how many hundreds of billions of dollars is he going to use to buy votes for the election? i think at the end of the day there will be a candidate or two that will challenge him. some people are talking about cory booker taking another look at this. i think there will be, there is a desire to have an alternative and right now the democratic bench is very weak and so the president gets the benefit of that. the vice president is less popular than he is. neil: do you think he keeps the vice president? >> i don't think he has a choice there. there would be, one, i mean it would be catastrophic in terms of how he could reach black voters which is his key constituency which carried the day for him through the primary and general election. i don't know who would step in for her and who is ready to do that. you came and dance with the partner you came with. that is his partner. he has to ride it out with her. if they run they have to run as a team, that gives a pathway to alternati

. - so if you think about the 1980s, when suddenly these guys like ivan boesky and michael milken weres out that that's really what counts. - they were the "greed is good" people, and rudy went after them too. - three persons were arrested and charged with illegal profits of millions and millions of dollars. - among those arrested, nine stockbrokers all in their 20s and 30s, eight of them from one firm. - that was fantastic. and for new yorkers, it was a spectacle. and rudy, in his ruthless way, would make these guys do a perp walk. that is, instead of doing what was considered the correct thing when you have dignified gentleman in three-piece suits, which is you ask them to turn themselves in at the precinct house-- no, rudy would send in the fbi. he would have alerted tv news. and these guys, who worked at big investment banks, would be marched out in front of the tv cameras to the edification of all new yorkers and, of course, the utter humiliation of themselves and their family and loved ones. - the problem with that thinking is it's not the perpetrator. it is somebody accused of t

bill lee is chief economist at the milken institute and steven denicholo is portfolio manager at federated hermes welcome to both of you bill, let me start with you. did you hear anything out of the interview between mr. rubenstein and chair powell that surprised you in any way i thought the first question was an interesting one if you'd known what the jobs report says on wednesday, would you have done the same thing >> what i really liked about chair powell's answer is he really clarified something that the markets didn't really believe, which is that chair powell has a dovish tilt toward data the feds always say we're data dependent but mark's always assuming he's going to chicken out when the unemployment rate stafrts to go bad it's going to start to get these guys to pivot and lower their rates. and i think he made it very clear that we are going be to be evenhanded i think one of the things the fed has really failed to do over time has been to explain how it is that they make decision and how they approach the data as they receive it. how do they interpret the data and not having a re

bill lee of the milken institute. is the takeaway over the weekend that nothing happens without xi's signoff. is that the case this time? lisa: it is damp if you do, damp if you do not. -- damned if you do, damned if you do not. if you did sign off on it, what was the purpose right before a tony blinken meeting that was supposed to be conciliatory? it is awkward from -- tom: the book of the year or the book of two summers ago, is a phenomenal book come and the heart of it is that these people just disappear. the fiction of 2034 in the back end of the book, people disappear and they do not look like leonardo dicaprio. coming to netflix 2034. jonathan: i am looking forward to that with your other book of the summer. tom: i have three or four of them. jonathan: what was book of the year last year? tom: linear algebra fourth edition. this is not funny. people disappear. jonathan: it is dreadful. that is what happens under dictatorships. it is no joke. greg staples is coming up at 7:30 eastern time. yields are climbing bee

tom: the interview i thought the most of this weekend was william lee of the milken institute, who wascathing is the only word i have for it. jonathan: which is why i mentioned carl weinberg over the weekend saying the same thing. do not get too excited. lisa: the domestic push of all of the consumers in china -- and that is really the key point -- might not trickle out. jonathan: coming up in the next hour, morgan stanley investment management, we are catching up with jim caron. tom: that is a nice amount of green on the screen. it is a new paradigm. ui cannot -- i cannot spell it, but it is a new paradigm. jonathan: this is bloomberg. ♪ ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first. advancing flight for future generations. ♪ welcome to a new era of flight. when people come, they say they've tried lots of diets, nothing's worked ♪ or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought w