we bring in david rubenstein.d prime minister in italy, and we still do not have this sorted out. broader applications are for the the eurozone., where do you see this going? >> i think leaders in europe will recognize that you should not say -- has this or i will quit. brexit was one thing, and you have italy. there was not a requirement that the italian prime minister put the changes in front of voters, and it was not required that he said he had to resign. he did say that. leaders in the future will probably say if you want to vote for something, fine, i will take it into consideration. that aside, no doubt that europe is in a little bit of turmoil here and you have french elections coming up, and no one knows where that is going to go. you have the new government in the u.k. trying to figure out how to get out of the eu. you have an italian government that is new again. the euro go down probably continuously for a while. no doubt it is in the interest of the u.s. to have a strong europe and strong euro, strong

rubenstein leaving the presence of the president-elect.k's ftse 100 has risen more than one half a percent at close. this is thanks to mining, metal, energy companies, sending the ftse up 30 points to close at 7106, gaining .55%. as a reminder, u.s. secretary of state john kerry is speaking at the state department now on middle east peace. some of the headlines he is talking about, how it is a personal issue to him. both sides are moving toward a one state reality that most do not want. he said if the choice is one state that israel cannot be democratic and jewish. if the choice is a one state solution, israel cannot be democratic and dilution -- jewish. he says the status quo is leading toward one state and a perpetual occupationmr.. kerry: that is the outcome some are purposefully accelerating. let's be clear, settlement expansion has nothing to do with israel's security. many settlements actually increase the security burden on the israeli defense forces. leaders of the settlement movement are motivated by ideological imperatives that e

first, david rubenstein is one of the donors out here. co-owner of one of the largest private equity firms which manages more than $200 billion. today he announced he is donating $2 to $3 million needed the fix the escalator. it has a problem for the shutdown and abc7 reported on extensive this year. with the mechanical equipment. it will be shut down until 2019. i just spoke to somebody from the national park service. i am going through the interview right now. we have the latest from him coming up on "abc7 news at 5:00". we have that in a little bit. jonathan: thank you. home invasion turned deadly when the homeowner fights back. this all played out in that is when a struggle broke out inside the home. when it was over, one person was shot. but there is more to the story. richard reeve has new information for us. rich? richard: yeah, certainly an unusual crime for this area. a home invasion. then one of the bad guys is actually shot by the homeowner with the bad guy's own gun. we have police back at the scene this afternoon. this happen

today rubenstein backed off the downturn in the economy.an greenspan head of the fed, there was a thought that the business cycle had been repealed. that turned out to not be the case. have world war ii, as i said before, we have have had recessions on average of every seven years. i think what has happened now is we have pushed it down the road a little bit because the stock market is more brilliant -- a -- atant -- a boolean ebouillant >> how much. of a bloomberg we going to get? how much of a bust is going to follow? >> no one knows for sure. there's no doubt that you are pushing it down the road and the decline could be greater than would otherwise be the kreis -- the case. but i don't think we will see anything like 2006 or 2007. have, ithe one that we is modest, but it won't likely be in 2017. you are likely to see stimulus from the congress and tax cuts that will as a result push down any recession for quite some time. >> how do you process all of this as an investor? where are you in your cycle? >> depends on what part of the world

. ♪ >> david rubenstein show, peer to peer conversations.re is opportunity in complexity. ♪ david: in 2001, you become the ceo. on september 11, tragedy occurred not far from here. you were in salt lake at the time. what was your response and how did you handle that leadership challenge you had? kenneth: that was, david, an incredible challenge at any point in someone's career. but particularly, in my first year as ceo. and one of the first things i was able to do when i was able to get the management team together is i said to them that it is our job, in fact, to lead this organization. and what was important through that whole ordeal, as you know, we had several employees who perished. that was emotionally traumatizing. the travel business was in disarray as a result of 9/11. spending dropped precipitously. i decided that since we could not go back to our building, we were actually spread out in several different locations in the tri-state area. i got all of our employees in the tri-state area to come to an event at madison square garden.

. ♪ announcer: the david rubenstein show, peer to peer conversations, is brought to you by state streetlobal advisors. there is opportunity. in complexity. david: over the years, you bought many companies, like the "washington post." how did that come about? mr. buffett: in 1973, the washington post company had gone public in 1971, about the time of the pentagon papers. but in 1973 the nixon administration, through a pal of nixon's, they were challenging the licenses of two of the four television stations. so the stock went from 37 down to 16. at 16, there were about 5 million shares. that was for $80 million. that included other assets and no debt to speak of. so the washington post company, intrinsically worth $400 million or $500 million was selling for $80 million. it was ridiculous. you have a business unquestionably worth five times what it was selling for, and mr. nixon was not going to put them out of business. david: when you are doing these analyses, then and now, do you have computers that help you? did you get printed materials or how did you in those days, how did you read

julie: that was carlisle ceo rubenstein. italian prime minister is announcing the formation of the new cabinet in rome. the new government will be sworn in at 2:00 p.m. eastern . yesterday, the present as the minister -- the president asked the me minister and that swearing-in will be taking place. david: there's a new set of israel as well. ashton carter is speaking israel right now during a ceremony to welcome the arrival of the f-35 strike fighters. i don't think we're looking at the right footage. this was after president elect on thetrump took aim pentagon's most expensive weapon system you. coming up, we're going to the las vegas motor speedway to look at some of the most extensive cars at firs for a spin. this is bloomberg. ♪ julie: you are watching bloomberg. i and julie hyman. mark: i mark barton and this is your global business report. the fallout from the runs a vote continues. -- brexit vote continues. julie: boeing makes its first cell to iran and more than three decades. now the company has sell the deal to pre

rubenstein had a lot of special visitors to night. >> reporter: she certainly did.e all know there are teachers and there are extraordinary teachers. well here at pemberton township high, one of the teachers, a veteran music educator, with over 30 years on the job, had a special send off concert with former and current students. >> actually, it's dale ruben steen who has this. all this. ♪ >> the music is the bonding factor and i think the music we learn about life. >> reporter: after 37 years as a music educator at pemberton township high gale ruben steen has interacted with several thousand students. teaching them a thing or two about music and life. >> she was the tutor the mentor. >> because eye of her i went to berkeley college of music in boston i'm currently teaching at the oregon music academy and she inspired me. there's no other words for it. she's everything to me. >> reporter: mrs. ruben steen former students returned to perform in the high school winter concert. traveling from oregon and atlanta and all over to share love, music and memories. >> she's ma

i want to begin by once again thanking everybody who makes this wonderful evening possible, rubensteinthe kennedy center trustees -- i'm getting a big echo back there -- and the kennedy center president. them a big round of applause. [applause] we have some outstanding members of congress here tonight, and we are honored also to have vicki kennedy and three of her grandchildren with us here. [applause] pres. obama: the arts have always been part of life at the white house, because the arts are always central to american life. that's why for the past 80 years, michelle and i have invited the best writers, musicians, actors, dancers to share their gifts with the american people and help tell the story of who we are, and to inspire what is best in all of us. along the way, we have enjoyed some unbelievable performances. this is one of the perks of the job that i will miss. thanks to michelle's efforts, we have brought the arts to more young people, hosting workshops where they learn firsthand from accomplished artist, to bringing "hamilton" to students who would not normally get a ticket

if i lan thro pist rubenstein donating $3 million to cover repairs. jonathan: northeast washington, the national headquarters for the a.t.p. is now -- a.t.f. has a new name for the building. mike carter-conneen reports that the building was dedicated in honor of an undercover agent killed in line of duty. mike: 34 years ago today, december 2, 1982. drug bust gone bad. he was just 28 years old. >> in an agency that is shown for bravery and the dedication, special agent riso stands out. mike: at in the dedication ceremony at the a.t.f. headquarters his family joined by loretta lynch, secret service director clancy and hundreds of past and present a.t.f. agents. >> he would never say no to a 13985. but the bureau has moved here to the new york avenue. they have referred to the building as the headquarters. bump today that has changed. >> the granite and the steel mirror the strength and the determination of rios. >> far beyond the building the legacy is flesh and blood. >> i feel honored to spent 11 years of my life with him. >> he left behind his wife a

this is the second time rubenstein has come to the aid of the monument. after the earthquake five years ago, he donated half of the $15 million that it took to repair it. >>> neighbors near a national harbor are talking about their growing concerns about traffic that the new mgm casino will bring which when it opens next week. >> it's not the kind of traffic you might expect. tracee wilkins explains why it residents can't touch this water because the potomac and broad creek have a history of sewage overrun. >> what we wanted was for them to step up the plate and admit they couldn't handle the sewage and correct the problem. >> for years, people along the broad creek basin have also been living with sewage overflows whenever there's a hard rain. the problem is so pad the wssc has prohibited new development. the national was approved because they expected to have the sewer system upgraded by the beginning of the sewer system, but now the improvements have been pushed back to 2020. coming up, why people who live here are concerned that the new mgm casino cou

david rubenstein donated $7.5 million to repair it after the earthquake. now he will give another $3 million to fix the elevator. >> i do it because i think that i'm giving back to my country in a small modest way and hope i'll inspire other people to do the same. >> it's closed. >> it's going to take a while to get it working right. until cherry blossom season in 2019 probably . to have the elevators fixed. >> they will add new tv screens to the elevator and add new cables. >> when you go up the elevators and you over look all of dc you realize what a great country and city it is. it's worth it. >> the elevator has been opened and closed on and off for years. after people got stranded repeatedly inside or on upper floors the p it just was not safe enough to keep operating. >> it's going to take two and a half years. >> oh, my god. >> it's going to be closed for two more years? >> two and the a half. >> wow. >> i think a lot of locals understand that this is a unique structure and it has complications. >> reporter: now, the restoration is going to include

this is the second time rubenstein came to the aid of the after the earthquake he donated half of the $15 million needed to repair the structure. >>> if you commute to d.c. from virginia you know crossing the pa totomac can be a challenge. we'll show you a mode of transportation some people are promoting to ease congestion. >>> 'tis the season for lots and lots of packages. we have tips to keep all of your gifts safe when they're deli of control, mad to the core, angry. so cancer, you've got two options. get out of the way or get rolled over. anger. just one reason more of us are surviving cancer than dying from it. give now to the american cancer society. he wears his army hat, he gets awalks aroundliments. with his army shirt looking all nice. and then people just say, "thank you for serving our country" and i'm like, that's my dad. male vo: no one deserves a warmer welcome home. that's why we're hiring 10,000 members of the military community by the end of 2017. i'm very proud of him. male vo: comcast. >>> could this be the future go

one of the things about david rubent rubenstein he's very interested in history, not only collecting historical documents but he's a voracious reader of history. he knows a lot of things and as you may know, i'm sure you do know, when you see him do an interview he uses no notes, he just somehow manages to take it from memory, so he's truly an intellectual person. he's been a terrific partner for us as well because not only the generosity which was the obvious point but also because he wants to do what the institution finds to be a high priority and that's been without a doubt what he's done, and to give him credit far beyond the three of us sitting here, he does the same thing for the american people through a wide variety of monuments and memorials, washingtonians know and i hope other people know that he helped to repair the washington monument after the earthquake a few years ago and now he's helping to -- >> replace the elevator. >> replace the elevator in the washington monument, doing something with the lincoln memorial so he really truly wants to share his passion, i would sa

you and i worked on an interview together at the archives with david rubenstein, the carlisle group, and it is unusual in a generation to have a private philanthropist with pockets as deep as his has been for national treasures. can you talk about the role that he's had and also what kind of editorial control does one seek when you give that kind of money or do you still have independence putting that work together. >> that's the thing with david, there's no pressure on you. he doesn't direct how the resources are used, at least in our work together. he is a passionate history collector of original documents, and unlike lots of collectors, he wants his collection in the public. he wants to place them in places where people are going to see them and appreciate them, so he's been very generous to the national archives. his, he bought ross perot's copy of the 1297 magna carta, and just months before i arrived on the scene he was the first person to welcome me to washington, his office is close by. he graduated from duke university, where i was the librarian, so he had checked with the p

the good news is that billionaire david rubenstein agreed to the elevator that keeps breaking down. the bad news, the park service expects that work to take 2 and a half years. the bottom line and this comes straight from the park service, they don't expect to reopen the monument until cherry blossom season in 2019 at least. >>> coming up, a man rescued from the oven vent of a pizzaria facing some burglary charges. >> up next a downtown building collapses trapping two people beneath the rubble. >> yeah, we got some chilly breezes tonight. ok dry weekend but i'm already tracking our next chance for rain and i'm watching some arctic air that will be here for the weekend. he gets a lot of compliments. he wears his army hat, walks around with his army shirt looking all nice. and then people just say, ?thank you for serving our country? and i'm like, that's my dad. military community by the end of 2017. i'm very proud of him. male vo: comcast. >>> the crash that killed a brazilian soccer team has been suspended. the pilot reported running out of gas shortly before the plane crashed into

the nearly $3 million fix is thanks to billion or david rubenstein, who has helped restore history. he donated $7 washington monument after the earthquake. next door he spent $18 million. just two blocks away from the white house visitor center, another $5 million, and that is just to name a few. the monument will be closed so long because they are also improving security. tourists and locals cannot wait. >> i'm disappointed because i have fond memories of climbing it is a child. elevators will alert technicians when there is a problem so they can fix the problem sooner. tim barber, abc 7 news. jonathan: right now, the south is still reeling after deadly tornadoes and wildfires. some families were allowed home for the first time today. they don't have much to return to. there was utter destruction. the death toll from the fires in tennessee is now 13, and that number could go up. there are questions about warning to get out. officials say that alerts to evacuate were sent just after 9 p.m. monday, but by then the wildfires were already raging in many neighborhoods. some remain hospi

david rubenstein is the chair of the national gallery committee. wellockefeller served very and others. i would like to complement their work. we have plans now to try to move fdc there. if the national gallery raise the money to renovate, the taxpayers will probably funded $200 million to consolidate and it will save money. it saves money and it also gives us a place to finish the location of our national art treasures. orlando: you are in yourself. what will you be doing? is there a formal role of what you will be talking about? you know you were not a lot to talk about what you are doing until january 3 when i leave office, but you can tell i have an interest in some of the transportation issues. i do not need to be paid for my work, but there may be some opportunities in the private sector tosector to complement wi would like to do and one would be the national gallery. you have heard other suffer priorities, making sure some of the provisions for fixing the passenger rail, finishing some of the things with air traffic control. assist the try t

. >> reporter: after 37 years as music educator at pemberton township high, gale rubenstein has entered with self thousand students. teaching them a thing or two about music and life. >> because of her i went to berkeley college of music in boston i majored in music education and i'm currently teaching at the oregon music academy and she inspired me. there's no other words for it. she's dover me. >> reporter: mrs. ruben steen former students returned to perform in the high school winter concert. traveling from oregon, atlanta and all over to share love, music and memories. >> she's magic. we used to come in, you know, 8:00 in the morning, something like that, you know, teenagers, not ready to go for the day and she'd pump us right up. ♪ >> report roar members of the alumni choir jumped at the opportunity to get together again as a special gift for mrs. ruben steen as she retires at the end of this school year. isn't she was my mentor and encourage me to go into -- into education as well. i know i wouldn't be dr. ken yacht a arnett if it hadn't been for gale ruben steep. >> it's time f

. >>> want to show a quick video of david rubenstein, a few minutes ago at mar-a-lago.cted to meet with the president-elect as well as his advisor steve bannon. of course rubenstein also a big philanthropist, helped pay for the restoration of the washington monument. nice building up at lincoln center with his name on it. but private equity certainly still his key focus. >> yeah. of course fellow private equity steve schwartzman heads up strategic policy forum. >> trump is keeping his ties with wall streeters, at least when it comes to advice, right? and when it comes to these meetings. >> yeah. i don't know that there was a relationship intact with rubenstein initially, i'm not aware of that. but certainly. he's very comfortable with guys who are billionaires. plenty of them around. >> try to distance themselves from the wall street label. saying it's a different thing, but either way, similar kind of general financials no doubt about that. >> and now we watch mar-a-lago as we watch trump tower. >> yes. >> when the president-elect is in town. >> talk about carried inte

one thing about david rubenstein is that he hasn't brought things he is ranges -- he has a broad range of things he is interested in. reader ofracious history. when you see him do an interview, he has no notes and manages to take it from memory. partner.en a terrific e wants to do what the institution finds to be a high priority. to give him credit for beyond the three of us sitting here, he does the same for the american people through monuments and memorials. he is helping with the elevator in the washington monument, doing something for the lincoln memorial. he truly wants to share his passion and wealth these acquisitions with the american people. ms. hayden: he credits dean at pratt library in baltimore --- e noch pratt library in baltimore for his love of reading. there was a limit of 12 books in the and have to wait for a week. this year at the national book festival, he was there meeting people from all walks of life. e sponsored literacy awards for nonprofit organizations encouraging young people to learn to read,. -- learn to read. the power literacy. a deep sense of responsi

from dave rubenstein who weighs in on the state of europe and the most recent deployment by donald trumpdl: we are looking at the dowhere. we have slightly higher which puts the dow on pace for another record close. the s&p is trading moderately lower. at which time, did carve out another record high.

the president-elect is meeting today with a number of people, including david rubenstein. emeritus.xas a&m we will hear about those meetings later on. coming up on the european close , there is half and never left in the trading. this is bloomberg. ♪ vonnie: it is 11:00 a.m. in new york, 4:00 p.m. in london, and midnight in tokyo. i am vonnie quinn in new york and this is the european close on bloomberg. we are going to take you from new york to london to washington in the next hour, and also covering stories out of germany and israel. secretary of state john kerry set to give a speech any moment, offering what he calls a comprehensive vision for how peace in the middle east can be achieved. and israeli minister has called the speech "pathetic." stocks trying to add to their records around the globe, u.k. joining in record territory. we will have the latest trades. shares in japan's toshiba have plunged the most on record thanks to the westinghouse writedown. is the nuclear business in deep trouble? have a look at where european equities are trading right now, just under 3

for example, today alone the president-elect has met with david rubenstein of the carlyle group, that a large private equity firm. ike perlmutter, ceo of marvel entertainment. those on the meeting list, reporters spotted some key health care executives. dr. john knows worthy of the mayo clinic and paul rothman of johns hopkins as you can see walking out of the front doors there at mar-a-lago today. meantime the president launched a new attack at president obama early this morning who suggested last week he would have beaten his successor in a heads up race. here is what mr. trump tweeted, quote, doing my best to ignore president's inflammatory statements and roadblocks. thought it was going to be a smooth transition, not. just there at the end to clarify. we're awaiting a message on the economy. cheryl expect at some point we believe it will be in the next hour. back to you. cheryl: they started off getting along for a few days. reporter: a few weeks there. cheryl: blake burman in d.c. for more on the rift between our president and our president-elect, bring now in democratic strategi

this is not rubenstein's first time restoring american history. we are putting that together for 11:00. reporting live on the national mall, tim barber, abc7 news. jonathan: thank you. they closed three lines earlier today. what a mess. this came a few hours after the metro managers were grilled on capitol hill. brad bell is covering metro live from the federal center southwest for us. that was a grilling they got tonight, brad. brad: it seems like it never running. we saw anger before that on the hill. one day after it was revealed that the falsified failed safety reports may have contributed to the derailment last july at the east falls church station. a tongue lashing from congress for the metro leadership. >> how many more people have to die before we get you to act in the appropriate brad: they are all on the hot seat. gerry connolly angry not just about the safety but a recent suggestion that metro considered abandoning the silver line extension. >> i'm asking you a question about what you and mr. price were getting at. in threatening virgin

rubenstein, i need some personal funding.ndn he's awesome.me forgive if you talked about this, but why can't you walk up why won't they let you do the stairs. >> that's a good point.good i think the stairs is a last 900 steps, i don't know how manw people are willing to take that on. they're trying to do a wholehole renovation of the area where people are screened for security to go through. theoretically there will be a lot of work going on. it's really a tiny space up there. the much anticipated mgm grand hotel and casino is gettingng ready for itself ' ' grand opening it sure does look good. it's happening at thursday at 11:00 p.m. gaming offerings did a controlol demonstration to make sure everything was running smoothly. we're told that went well. as for travelling to the casinoo that's not going to go so well. the beltway is expected to be very congested around the exit for the first few weeks. so you may want to loot other option like maybe taking metro or even that nice water taxi from alexandria. that's a nice thing. if done that once that water it's a nice little trip. you ge

been plagued by problems for the last few years, but now, businessman and philanthropist david rubenstein has pledged $2 million to $3 million to modernize the elevator. safety issues forced the park to close the monument in august and it hasn't been open to the public since. generous gifts to the national park service. over the last five years, he has pledge said nearly $50 million to various projects, including more than $7 million to restore the monument after the big earthquake. in more than $18 million to restore the lincoln memorial. >> a beautiful night out there if you like it cold, and i have had two people today go, oh, finally, nice cold air. that's the way things are going to be for the next not couple days but probably the next couple ks our chopper shot. look at that. beautiful shot. the clouds giving way to that beautiful cres nlt moon tonight. i was down for the christmas tree lighting last night, and boy, you could see that beautiful crescent moon. that's a phenomenal shot. thanks to our guys in chopper 4. chopper 4 always flying around for us. temperature wise, it's cool

the park service says philanthropist david rubenstein is donating the money to fix the mechanical, electrical, and computer issues. in 2011 after the earthquake, he donated half of the $15 million that was needed to repair it. >> wow. >> nice guy. >> just get this done. exactly. doug was down there, ground side yesterday. boy, did you have an amazing view. >> it was. i had friends down there earlier today. it's on the breezy side down along the mall. temperatures today only in the 40s to low 50s, and yeah, you had the wind out there, too. gusting upwards of 25 vantage point towards national harbor. a beautiful shot there. of course, the mgm opening up soon. there's the capitol wheel right there, looking great. you can see the bridge right there off in the distance. currently 48 degrees. look at the wind. northwest at 20 miles per hour. that gives us a windchill across the region, so yeah, it's going to be a chilly one for tonight for sure. already down to 39 in winchester, 45 in manassas, 43, if you're going out tonight, make sure to bundle up. radar picture, nothing to show. not talking rain

john rubenstein was hired, the ex-apple executive by bridgewater to be the co-ceo.ho does a lot of work in technology is helping to run the firm there for them. >> the whole issue of ai taking over. you have to think hedge fund also adopt it in some way, shape or form at some point. this idea that he -- that it's related to his successor, in terms of strategies, advice. >> it tells you with hedge funds like bridge water that do algorithm or rules based investing, if you make something complicated enough you can maybe account for all the variables. >>> time for some top trending stories. calling all procrastinators. amazon looking to change the game for last-minute shopping. the company pushing its prime now rush delivery which is part of the $99 per year prime offering. guaranteeing delivery within two hours. >> this is amazing. >> amazon now extending this offer to allow customers in select cities to place orders as late as 9:45 p.m. on saturday and still receive their packages by midnight. that's amazing. >> you know, i have to wonder whether the economics of some

attorney sanford rubenstein represents both men. >> it explodes multiple times over and over, like fireworkshould be a ban on the possession of e-cigarettes and e-cigarette batteries until such time as the manufacturers determine what's causing them to explode. >> between 2009 and january 2016, there were 134 incidents of overheating, fire or explosion involving e-cigarettes in the united states. more than 50 people were injured. just days before the latest incident, incoming senate minority leader chuck schumer called for more federal oversight. >> it's time to take a hard look at requiring a recall of certain brands if they are much more likely to explode than others. >> the concern is, as e-cigarettes become even more popular, the number of people injured will grow too. despite the explosions, there have not been any recalls. the fda just got regulatory authority over e-cigarettes seven months ago. the agency telling me today it's now collecting information about incidents. they will then investigate and take the necessary steps to keep the public safe. we should note that they are banned

and soliciting private donations from millionaires like oprah winfrey and philanthropist david rubensteinrches, fraternities and sororities, who handed over gems like james baldwin's inkwell, and malcom x's tape recorder. advance tickets flew out the door-- 5,000 of them in 18 minutes, one day. on this journey you have been to get to this point with this museum, what has been the biggest surprise for you along the way? >> i think i've been stunned by the excitement and the way people really care. i mean there are times i'll walk in an airport and people will just sort of give me the thumbs up, or i'll walk down the street and church ladies will come to me and say they're praying for me. so i think the fact that this means so much to so many people has been the biggest surprise for me. >> ifill: as with other smithsonian museums, one building cannot begin to hold its collection. conservator antje neumann has helped preserve the collection at the museum's facility in a washington suburb. >> there's always the balance between preservation and exhibition, and allowing the public to see the na

he was meeting with david rubenstein earlier today. we don't know what they discussed.th regard to your question on tax reform, my question is it would be, based on people i spoke with the last few days in washington, d.c., more about a specific company or industry, because i can -- and john can probably confirm this -- despite donald trump being the gop nominee, they are ve very, say far apart in what paul ryan or donald trump may want to get from tax reform, are they not, john? >> yes, sure, there's some distance, but i don't think it's a great distance. you know, donald trump revised his own tax plan to conform more closely to the house republican plan during the campaign. part of it was to reduce the deficit impact. but still, the outlines, the rate structure that he moved to in the fall was very close to what paul ryan is talking about. but we're going to have a ways and means process, we're going to have a senate finance process, and what exactly comes out of that, it's going to be different. but it does seem to be clear that the stars are aligning behind support

begin by once again thanking everybody who makes this wonderful evening possible, including dave rubensteine kennedy center trustees -- i'm getting a big echo back there -- and the kennedy center president. give them a big round of applause. [applause] pres. obama: we have some outstanding members of congress here tonight, and we are honored also to have vicki kennedy and three of her grandchildren with us here. [applause] pres. obama: the arts have always been part of life at the white house, because the arts are always central to american life. that's why for the past 80 years, michelle and i have invited the best writers, musicians, actors, dancers to share their gifts with the american people and help tell the story of who we are, and to inspire what is best in all of us. along the way, we have enjoyed some unbelievable performances. this is one of the perks of the job that i will miss. thanks to michelle's efforts, we have brought the arts to more young people, hosting workshops where they learn firsthand from accomplished artist, to bringing "hamilton" to students who would not normal

anchor: those were carlyle group cofounder, david rubenstein, brandywine -- and mark fields on the most the bloomberg business flash, biggest stories in the news right now. the bill and melinda gates foundation will invest as much as $140 million in closely held therapeutics. used to develop an anti-hiv therapy. if the program goes well, the foundation may give up to $90 million more. palladium is the only precious metal to rise since donald trump surprise election win. gold has slumped at the progress policies strength in the dollar but palladium, which is used in conversions, stabilizing vehicle sales in the u.s.. finally, the software maker for mostrless cars jumped the since august after announcing a partnership with the german mapping company. they include bmw, audi. technologies will be integrated into technological mapping systems and that is your bloomberg business flash. julie: coming up, what you need to know to gear up for tomorrow's trading day. this is bloomberg. ♪ julie: "what'd you miss?" we did see a little bit of a pullback in the markets but more significantly a revers

the story in the "washington post" says billionaire philanthropist d david rubenstein has agreed to pay for an overhaul of the beleaguered elevator system, but it will remain closed for the next two and a half years, the national park service says. it is the second time that rubenstein has come to the aid of the monument, which has been shuttered since august 17 cousin of chronic elevator problems. also in the news, texas congressman louie gohmert has lamented. [video clip] gohmert: about seven years ago, the architect of the capitol, who worked for the u.s. and senate, has decided that we all work for him and started making demands, one of which was that i could not cook ribs and share them with other members of congress, as i had been doing once a quarter. and most of the networks had wanted to do stories on my cooking ribs. no, we are not going to do a tv thing on this, this is just between the members. well, i am grateful that steve steve scalise got involved and god paul ryan to help, and the speaker was able got paul ryan and to help, and the speaker was able to persuade the , and

as far as the meetings donald trump has been having today, we saw david rubenstein, founder and philanthropist go into mar-a-lago for a meeting with president-elect trump. he's meeting today with two ceos or by phone with marcelo claret of sprint and ike perlemudder and also elsa murano. but by teasing this announcement early in the day, he's showing some of the promotional flair and skills that got him elected to the white house in the first place. >> absolutely. he certainly does, if nothing else, know how to build suspense and interest. let's bring in larry kudlow. joining us today from up in connecticut. welcome. good to have you with us. oh, larry, larry, larry, larry. do you know what's coming here? can you tell us? >> he can't -- >> larry is not hearing us. if he were, i bet he would give us a hint about what was coming up. and if he were, i think he would say he hopes it has something to do with tax reform. >> i can give you a hint. it is very positive for the american people. >> positive for workers. >> it would be very surprising to hear a presidential candidate say he's got an annou

intercourse, rubenstein who has been tremendous to come into my office and she's done a lot of reallyreat community development work in the district. we started in 2009 trying to reinvigorate community development work in san francisco. district 11 really became a model and experiment and a model and lot of people did a lot of hard work on district 11 and it is really amazing. we have new housing and do open space and a new credit union opening in the district and beth, has really been the glue it to make that happen. and now tomorrow, we have the hearing of the activation of two buildings that have been dormant for a long time creating blight and we have a pathway to do something about that and i am just so impressed with all three of you. thank you for making this work possible. often times i come in and i'm taking care kids often times as a single datum during that and i don't have time to delve into that and in provision i have to improvise in this job and you have given me that ability so thank you. i want to thank add her being a great clerk of the board you have been a wonderfu

intercourse, rubenstein who has been tremendous to come into my office and she's done a lot of reallyreat community development work in the district. we started in 2009 trying to reinvigorate community development work in san francisco. district 11 really became a model and experiment and a model and lot of people did a lot of hard work on district 11 and it is really amazing. we have new housing and do open space and a new credit union opening in the district and beth, has really been the glue it to make that happen. and now tomorrow, we have the hearing of the activation of two buildings that have been dormant for a long time creating blight and we have a pathway to do something about that and i am just so impressed with all three of you. thank you for making this work possible. often times i come in and i'm taking care kids often times as a single datum during that and i don't have time to delve into that and in provision i have to improvise in this job and you have given me that ability so thank you. i want to thank add her being a great clerk of the board you have been a wonderfu