ray dalio front and center with that. joining us from riyadh is bloomberg equities reporter fully pay a chuckle -- reporter -- is our bloomberg reporter. reporter: we have big nones from blackstone, -- big names from wall street, and there's a lot of conversation and excitement about aramco and the ipo in the pipeline. a lot of people want to know more. we have more details that it would actually happen before the end of this year here in the saudi stock exchange. the numbers for the company profit stays at very high level, just the same way we saw earlier this year when they started to release their numbers with their bond sales. i think right now, we see a lot of people on the ground asking more and trying to learn more about how this deal could affect the market here in saudi arabia and the middle east as a whole, and how to learn more about the region after the steel heavens. -- after this deal happens. alix: thank you very much. investors are watching surprise earnings from google. the culprit was heavy investment in

ray dalio looks at the five major risks. people can see that.ketsaid that, the are at an all-time high in the u.s. i think we are looking -- we are not looking at recession, we're looking at low growth, low in flation. within that, some companies will do is truly well. since you have zero yields on bonds, in some cases negative yields, i think investors will still look to equity markets to generate the returns they need. yes, there are risks, but our expectation is the low growth, low inflation, low interest rate environment. within that, some companies will continue to do very well. manus: we cannot cover therything that happened in space of a minute but i want to get a sense from you, how defining a moment has it been for market regulation? what have you learned or taken away from the woodford saga in terms of regulation? woodfordi think that was an idiosyncratic event. very few daily trading in the u.k. which has very high proportions of situations. i think the read across from that to say active management is called into question, daily trad

ray dalio has called this a great sag of an economy.le are thinking is lower for longer in a lot of ways, across the world. you see germany negative, japan negative. if that's the case, whether he is really going to change his calls of conviction, we will see. and i wonder, are we had a binary risk for these kind of investors? you either had a recessionary view, or you don't. it is a binary hit or miss. for what it's worth, macro investors had large have not been down this much as he has. a lot of other people had the same call that rates would be lower, but not ever but it was hurt by them. alix: good point. let's get to our third story. you worked all weekend with the iaf. when we ask you about the highlight, you brought the new world order. what does that mean? institute of international finance, i sister of the imf, you would think they would be talking about performance or yields or anything, but it is not really like that. they were talking about whether the u.s. can retain its dominance, and what its relationship would be like wi

we hit on, goes back to the disparity in times of wealth in this country being the largest -- >> ray daliosterday. >> even with hitler. >> the largest wealth on political gap, leading to the emergence of conflict between populist and -- >> so -- >> it seems reasonable to worry the gaps between the rich and the poor is there anything he just said that isn't being born out day to day? >> munich, the price of peace. great book by telford taylor it is out of print if dalio knew his history better, he would read the price of peace not too critical of him. >> you may be more well read than ray dalio >> the best book about what happened teleford taylor, it is fatuous to compare this period to -- it is just fatuous. that leads to the world war ii and the holocaust. i'm just not -- >> you don't want to believe it. >> no, don't want to. >> you don't want to believe it. it is uncomfortable. >> why do the germans never use any fiscal stimulus? because they remember -- >> the savings rate is sky high. >> they wreck the savings rate and it brought the national socialist party power. i don't like -- i do

to take everything they say, after all, they must be brilliant even legends can give bad advice ray dalio said central banks are running out of ammo, and wealth inequality will lead to a scary situation. to me that sounds like sell everything the guy makes it sound like the world is ending. i said to myself he's not telling us to go by merck or costco, or is this the time to buy mcdonald's, he's not trying to steer toward a good mutual fund, he just joins a long list of very smart, very rich people, big picture issues and end up scaring people out of the stock market you could have said the same thing in 1989 and would have missed phenomenal gains. maybe he's not trying to scare you but that's what he's doing all my life i found people who are smarter than i am. i had the highest grade in my generals at harvard. we had guys like bill gates in my class i knew something important my parents were never going to give me a fortune to start a company in my job, and thank you big tobacco, couldn't have done it without youme ic i was determined to help people earn money, left stock tips on my ans

but as i was sitting there at my desk, at bridgewater associates, ray dalio's fund, you can't really billions of dollars of investment. so honestly, if you think about okay, how much you want to work for your employer and help them and how much you love them and whatnot and how your breath is, you might actually choose differently. lauren: so you weren't going to the dentist. >> no, i wasn't going to the dentist. lauren: and you weren't alone. >> i was definitely not alone. it was a common joke across the office, coffee breath. lauren: yeah. a different way to look at it, but you're definitely disrupting the field. eva, thank you so much for the time. >> thank you. lauren: and the idea. tracee over to you. tracee: checking futures right now, seeing that selloff accelerating this morning. investors may be still digesting that potential partial trade deal with china. dow futures down by 116 points, s&p down by 14 and-a-half, nasdaq down by 47. well, texas evens things up with the yankees, a dramatic 11th inning home run giving houston the win. we have the highlights. plus, california g

david rubenstein with ray dalio.exceptional set of discussions on how we manufacture our history. i would suggest this change with ron chernow and alexander hamilton. i remember the day were somebody set up and said, you sold 340 5000 hard-core additions. we did not know you liked -- hard-core additions. more: i tried to give information to american -- two members of congress. once a month i hosted a dinner at the library of congress. i will have ron chernow or david mccullough, and members of congress are like schoolchildren or they come with their dogear copies of the books. they have read them, they want to get their books signed by the authors like anyone else, and they care about american history. ahistorical? are we losing our history? -- of gum -- our 75% of americans cannot name the three branches of government at 49 out of 50 states, citizens who are nativeborn cannot pass the citizenship test that naturalized americans have to pass to become citizens. in our country, the nativeborn citizens cannot pass it w

ray dalio says the trump administration may be inching toward bigger moves against china.he bridgewater associates cochairman wrote that limiting capital flows to china must be considered among the possibilities. dalio's comments follow a bloomberg scoop on the white -- an official saying there is no discussion of such measures at this time. is the oecdow secretary-general. thank you for coming in. let me first ask you what you think about the possibility of financial decoupling. the u.s. is not -- has not done something like this since japan in the late 1930's. . >> it would be very bad. not that it is possible at all. there has been integration of the financial markets. it will continue to advance, inevitably. i would hope this is not happening and that we will find engage and that the engagement will lead to a better outcome. right now we are paying a very heavy price for the tensions. already 1% less than a year ago in terms of our latest rejections. -- projections of the world economy. we are at 2.9% only a few days ago. matt: we have seen other economists agree with

now, billionaire investor ray dalio has said the trump administration may be inching toward bigger moves against china. the bridgewater associates cochairman wrote in an essay that limiting capital flows must be considered among the possibilities. dalio's comments follow bloomberg scoop that the white house is considering a decoupling of the world's largest economies. a treasury spokesperson issued a partial denial to the revelation. chair of thee american chamber of commerce in china has weighed in. >> the relationship is never going to be the same as before. both countries recognize their needs to be a very significant recalibration, new rules of engagement of how we deal with trade, how we deal with national security, how we deal with law enforcement and other issues. there is quite a lot that needs to be sorted out between the countries. is still withddad us. what do you think about the idea of a u.s.-china financial decoupling? if the trade dispute moves along the capital ,orefront, sterling escalation in terms of our base case scenario, we would expect the u.s.-china trade dispute

. >> ray dalio said trump administration may be inching towards bigger moves with china.bilities could include cutting off capital flows to china and using sanctions to stop non-american transactions could freeze emerging powers in japan like in the 1940s. >> last week, the story was about delisting the company. i guess i don't have $20 million. so mine don't matter as much >> correct >> that doesn't seem that profound you think about delisting. then things may be getting ramped up. >> what i don't see here, what you do as a result >> last time, we rushed this about a recession call >> he changed the time frame on it more than anything. it went from 35% to 28%. it was looking at a different time frame >> come up from that submarine a little slower. >> i don't disagree with anything he's saying >> he's not saying anything. >> coming up, lenar posting quarterly numbers. we'll talk about elizabeth warren and the zuck. he used to be really woke. don't forget to sub describe to our new podcast. special behind the scenes content and the latest headlines. apple podcasts on your

ray dalio and stephen schwarzman with a warning for the global economy from the future investment initiativence taking place in riyadh. let's take a look at how markets are setting up for a big week when it comes to monetary policy decisions. the fed expected to cut again for the third time this year. we are watching the bank of japan adding further stimulus after pretty poor inflation numbers coming in earlier this week. this is how we are faring. losses for aussie shares, trading .4% lower d. inflation numbersue in just -- inflation numbers due. phil lowe,ing from not giving much of an indication as to what the central bank's next move might be. new zealand seeing moderate gains at .25%. nikkei futures have turned positive ahead of the market open in half an hour's time. seoul looking flat. we are looking at a positive picture when it comes to the start of trading in hong kong and mainland china. markets pretty much meandering as we have expectations of a cut from the fed, but will it be a hawkish cut or potentially even a dovish hold from the central bank? let's get you caught up-to-date

[laughter] alix: on the counter to that, ray dalio at bridgewater talked about big, unique things happeningmy awash with money. "the cycle is fading and we are now in the world of great stags> -- of great stags." when you have disparate -- of ."eat sag when you have disparate views, where you stand? --jim: all of that has caused people to think recession is close. to me, that fear has done a couple of things. i think it says that risk on assets are underpriced right now , and defensive assets, gold, the u.s. dollar, defensive sectors, as simply -- sectors, investments are too popular. if things get a little better, even if we still have relatively modest growth, i think you try to sell some of those defensive fear assets and look at adding a little more cyclicality and risk on assets to your portfolio at relatively cheap prices. that includes the cyclical sectors in the united states, small-cap stocks, emerging markets and international investments. i think a lot of those are cheap , under owned, unloved, and pretty reasonable values right now. david: can the united states continue to buck

ray dalio warns of a scary situation. s&p record rally takes a break. flags. old-school tech leads the way. pfizer and merck raise estimates with a slew of earnings on deck. we speak to the ceo of autonation and general motors' cfo later in the program. welcome to "bloomberg daybreak" on this tuesday, october 29. i'm alix steel. where do we go from here? we are taking a little bit of a pause. is it value or growth that will lead the way? euro-dollar a little bit on the back foot. the cable rate is definitely one to watch. exchange,or global where we bring you today'

i like the stock and unless you're ray dalio, you shouldn't sell it. >> dalio had some comments in saudirabia about scary times ahead. once again >> once again. >> 1934, and then nationalists and -- >> today is the anniversary of 1929. >> the headlines are great on that even the times. >> there was no fake news when the times didn't like that. >> they were a good paper. >> rca stock got tv. >> when we come back, dennis muilenburg will face congress for the first time since the crashes of the two 737 max jets. he's before congress today we'll bring you coverage in 50 minutes. looking for a little bit of a pause here futures are pretty steady. more "squawk on the street" from the nyse is back after a break ♪ >>> beyond meat, tumbling in the premarket, despite better than expected results including a first ever quarterly profit. the company says it would need to offer more discounts to deal with growing competition this is what ethan brown said on squawk an hour ago >> if you look at our velocity over the same period last year, we're up 144%. people say the competition is coming it's been h

ray dalio's firm wasn't able to recover the losses it suffered back in august from low government bonding -- president trump reversing his decision to hold next year's g-7 summit at his resort in doral. >> talk about spending the weekend reversing himself on a couple of fronts that decision by the president propos proposed the g-7 be held at doral. republicans on the hill said they couldn't defend this decision here's the tweet in which the president ultimately revealed he was backing off. he said, therefore, based on both media and democrat crazed and irrational hostility, we will no longer consider trump national doral miami as the host side for the g-7 in 2020 we will begin the search for another site including the possibility of camp david. thank you. i can tell you there were people inside the white house who i spoke to friday and friday night who were extremely frustrated that in the teeth of this impeachment inquiry moving forward the president would make this decision which makes life very difficult for senate republicans that the president is going to need in any impeachment t

according to axios, mike corbett is going, ray dalio from bridgewater.e first time. >> what does this say though what does this say about last year what does it say about this year what does it say about our relationship with the saudis what does it say about our moral issues. >> i talked to steven cook and he said people never really stopped doing business with saudi. they want to be there. they want to continue the relationship going to the future investment initiative is one indication of that the aramco ipo, much discussed for literally years now. it's a critical part of mohamed bin salman's vision 2030 people think it's going to work out. it's going to come to market maybe even as early as next month. this could be the biggest ipo in history. you have a lot of major international banks including citi, jpm, morgan stanley working on it. >> walter, what do you think, there was a big part of the public that actually applauded a lot of these executives last year. >> you wrote about it. >> i wrote about it. >> no, and people considered them to be states

get the richest most successful people in the country with the most influence on their side like ray daliohina is not a threat. you are a voice in the wilderness that says they're. >> not only that michael bloomberg said xi jinping is not a dictator. if he is not a dictator, i don't know who is. brian: we have been drunk by money. >> we have been paid off. ainsley: i was in a cab with a man originally from tibet. killed people and too many people away. he moved here and got out. >> people aren't aware of the things going on in china. i talk to people about do you know what an eco machine is. a machine to keep a body alive while you take out organs? it's terrible. brian: book is called stealth war. how china took over while america elite slept. >> i will talk to you more on radio. ainsley: thank you for your service. hy there's otezla. otezla is not an injection or a cream. it's a pill that treats differently. for psoriasis, 75% clearer skin is achievable, with reduced redness, thickness, and scaliness of plaques. for psoriatic arthritis, otezla is proven to reduce joint swelling, tendernes