Bloomberg TV
Bloomberg TV
Bloomberg TV
Bloomberg TV
Bloomberg TV
Bloomberg TV
Bloomberg TV
CSPAN
Bloomberg TV
i would start with john rubenstein leaving.n rubenstein was an unusual higher less than a year ago for bridgewater. you may remember, he was a key lieutenant of steve jobs at apple and helped design the imac and the ipod. andeft apple years ago joint bridgewater last year. ray dalio described as both leadership and is technology. palio. john rubenstein would be a good fit because he worked with steve jobs in an environment that celebrated disagreement and friction. that is what goes on inside bridgewater and that's why he thought john rubenstein would work out well there. dump rubenstein did not in his exit is precipitating a number of important changes at bridgewater. ray dalio is getting out of bridgewater management by april 15 and david mccormick who is minute the firm for eight years, you may remember under george w. bush, is being elevated to co-ceo with eileen murray, formally of morgan stanley, also who has a deep background in technology. as you can hear around may, the buzz is building. people are excited. they want t
that is why he thought jon rubenstein would work out well. jon rubenstein did not and his exit is precipitating a number of other important changes at bridgewater. number one, ray dalio is getting out of bridgewater management by. april 15 and david mccormick, who has been at the firm for 8 years, former treasury undersecretary under george w. bush, is being elevated to co-ceo with eileen murray of morgan stanley also who has a deep background in technology. isas you can hear, the buzz building. people are excited for they want to see what the shares are going to be trading at. we're hearing they are closing, as i said, there we have it. we are at 24. $23.61. but remember, this is a big up tick.we are talking a 40% pop up from $17 yesterday. much excitement. and congratulating. the guys telling me that was 24 million shares being traded, 10% to 12% on the 200 million put into the market by snap. many more tech ipo's may be to come. >> this is been an incredible week. i was teaching my class. last week, the odds of a fed move in march were ver
john rubenstein is leaving.k: a lot of big news coming out of bridgewater in a statement from ray dalio. i would lead with john rubenstein leaving. john rubenstein was an unusual higher, -- hire, less than a year ago for bridgewater. you may remember, he was a key lieutenant of steve jobs at apple and helped design the imac and the ipod. he left apple years ago and joined bridgewater last year. in this role ray dalio described as both leadership and technology. dalio thought john rubenstein would be a good fit because he worked with steve jobs in an environment that celebrated disagreement and, at times, friction. that is what goes on inside bridgewater and that's why he thought john rubenstein would work out well there. john rubenstein did not and his exit is precipitating a number of important changes at bridgewater. number one, ray dalio is getting out of bridgewater management by april the 15th and david mccormick, who has been at the firm for eight years, former treasury undersecretary under george w. bush,
john rubenstein is leaving the firm.is staying on as an advisor but there are cultural differences, according to a letter on linked in by ray dalio. i want to bring in a professor at the columbia graduate school of business. how big an announcement is this? ray dalio is in his 60's and making changes at this point, that would be surprising. fabio: the corporate culture is amazingly complex and unique. the question about david maccormack being the head, there are two differentiating things that need to be maintained at ridge water. -- bridgewater. one is the corporate culture, it is absolutely unique. you have a system of total transparency and it has driven out a whole lot of talented people, not only john rubenstein but a co-ceo in 2004, brett mccormick from verizon. he lasted about six months. it has about 30% turnover in the first two years. you either buy into the corporate culture or you were out. vonnie: what is wrong with that? you buy into any corporate culture when you join a company and there is only so much an
david rubenstein will be joining us.launching a new program, bloomberg real yield. focusing on fixed income every week at friday midday. don't miss it. from new york, this is bloomberg. ♪ jonathan: are investors ditching u.s. stocks in favor of the european peers? a significant rotation out of u.s. equities and into europe and japanese equities as well. this is according to strategists at hsbc. still with us is neil dwane. this is not necessarily about a leap of faith but may be play on global growth. >> and where you are trying to find returns. with the bid for unilever, there is a lot of cheap assets in europe. the politics is unclear. the direction of europe with britain leaving is unclear for the next year or two. 20 of reasons to go, i really don't want to play with it. takevestors we are paid to risk. some parts of europe look rather attractive to the u.s. jonathan: you wonder when the reward comes. earth will we get significant reforms that change the trajectory of an economy like france or italy? that means you g
jason: that was david rubenstein.ne of the themes was the amount of money pouring into the industry. i asked the global head of private equity what that meant for dealmaking going forward. hugh: fundraising returns to be strong and returns are up. the dealmaking has been very difficult because of high prices that have continued to persist in the industry. that provides a lot of headwinds for people trying to get a lot of money. jason: that's what we are hearing. let's talk about fundraising for a second. especially for the mega buyout funds, 5 billion plus funds raised since the crisis, how long can this go on? hugh: it's going to get harder. the deals of been monetized over the last four years. they have had their coffers filled with tremendous amounts of cash and what to put money back into the industry. as the fundraising markets have been very strong, putting that money back into the market over the last two years, the of seen the elephant pastor the snake. there will be fewer distribution sales going forward. eve
jason: that was david rubenstein. one of the themes was the amount of money pouring into the private equity industry. i asked hugh parker, the global head of private equity what that meant for dealmaking going forward. hugh: fundraising returns to be strong and returns are up. very strong as well. the dealmaking has been very , very difficult because of tremendously high prices that have continued to persist in the industry. really providing a lot of headwind for investors tried to put money to work. jason: that's what we are hearing in the hallways. let's talk about fundraising for a second. especially for the mega buyout funds, 5 billion plus funds raised since the crisis, how long can this go on? hugh: it's going to get harder. we call this the snake problem. -- the elephant and the snake problem. the deals have been monetizing over the last four years. as lps have had their coffers filled with tremendous amounts of cash and what to put money back into the industry. as the fundraising markets have been very strong,
oprah told bloomberg's david rubenstein that she had never considered running before, but then rubenstein pointed out her popularity and alluded to president trump's lack of experience. >> it's clear that you don't need government experience to be elected president of the united states, right? >> that's what i thought. oh, gee, i don't have the experience. i don't know enough. now i'm thinking, oh. >> oh, so we're going to have to see if she'll campaign giving everybody a car. all right. right now a blizzard warning is in effect what is likely the last place you might have expected. two mountain summits on hawaii's big island are expected to get between 6 and 10 inches of snow along with wind gusts up to 65 miles per hour. snow isn't uncommon at those elevations which reach nearly 14,000 feet. back on the main land, a powerful line of storms are racing east. wind gusts up to 60 miles an hour with 104 million people in its path. hail pounded parts of alabama and relentless wind and rain in tennessee. storms tripping a trailer in kentucky. severe weather a across the country caused over 200
jason: that was david rubenstein.e themes was the amount of money pouring into the industry. i asked the global head of private equity what that meant for dealmaking going forward. returns to be strong and returns are up. the dealmaking has been very difficult because of high prices that have continued to persist in the industry. that provides a lot of headwinds for people trying to get a lot of money. jason: that's what we are hearing. let's talk about fundraising for a second. especially for the mega buyout plus fundsllion raised since the crisis, how long can this go on? get: it's going to bit -- harder. the deals of been monetized over the last four years. they have had their coffers filled with tremendous amounts of cash and what to put money back into the industry. as the fundraising markets have been very strong, putting that money back into the market over the last two years, the of seen the elephant pastor the snake. there will be fewer distribution sales going forward. everybody is thinking it's late in the
david rubenstein told me last week it was the most enthusiasm he had seen at super return in his 20 yearmanagers likethe david rubenstein and alisa wood, it's all the big money that is coming in from the sovereign wealth funds and the pensions and the family offices. with this pitch by apollo, what are they telling investors? how are they different hitting themselves from kkr? jason: one of the things that apollo talks about a lot, they blackessy things -- leon and josh harris came from drexel. they love these messy situations, they use that a lot. the understand the balance sheet and can invest in lots of ways. they can go in on the equity side and credit site. they've built up an aptitude for that. they write agreements with their investors so they can invest up and down the capital structure. maine: who were there clients? are we talking seven wealth funds around the world? -- sovereign wealth funds around the world? like blackstone and carlisle and kkr is not publicly traded. they do have retail and public shareholders that they are beholden to what to some extent. thisrms of who wil
another one of rubenstein's clients admitted she had served as a plaintiff for rubenstein in at least four class actions over products like swanson pot pies and lipstick, emails and other communications five-hour lawyers uncovered in their suit showed that rubenstein belonged to a loose affiliation of lawyers who ran an assembly line process of identifying companies to sue and then helping each other find plaintiffs. lawsuits are supposed to be initiated by truly injured plaintiffs seeking redress, not invented by lawyers who hunt for a plaintiff to assert a supposed injury made up by the lawyer. few class members bother to collect the payments available in class action settlements in large part because they don't feel injured by the supposedly wrongful conduct in the first place. in too many cases, trial lawyers come up with an idea for a lawsuit and then search for a person who has bought the product or they send a relative or employee to buy the product so they'll have someone who can sue on behalf of a proposed class of all other buyers. no product purchaser has actually complaine
our first conversation is with david rubenstein.
jeff sessi s sessions' colleagues, his deputies having their confirmation hearings, including rod rubensteinhe's going to be the number two to jeff sessions. he will be the one that will be cha-in charge of this investigation. so i think that will be a confirmation hearing to watch. we'll see him come under intense scrutiny because as a lot of democrats now are calling for a special prosecutor and a bipartisan investigation, if that's not happening, rob rubenstein, who we'll see next week, will be the one in charge of these investigations over his potential new boss. >> ozzie, how much ownership i guess and basically control does the russian ambassador really have over the future of jeff sessions? because with jeff sessions and the lack of total recall, the russian ambassador thatcall ed gossipy can pretty much say anything. >> then it becomes a question of how much do we rely on this person. if meeting with him is so toxic and questionable, do we take anything at face value what he says. then we get into chess and anticipating the next move. it all comes down to what did jeff sessions say d
. >> oprah was on the david rubenstein show. and he asked her if she ever thought about running for president. >> now i'm thinking oh! >> so there's a chance.
the david rubenstein show cut the clip short. you considered whether you are running for president of the united states or not? >> that won't be happening. >> she would be phenom sir! there's been a breach. we need your password so we can lock down the system. my password? yes, sir, we need your password. the password that i use? yes, sir, your password. there's been another breach! sir! right. okay. i-h-a... ...t-e-m-y-j-o-b-1. ihatemyjob1? wanna get away? now you can with southwest fares as low as 59 dollars one-way. yes to low fares with nothing to hide. sfx: clap, clap, ding some have it, some don't. when the odds are stacked against you, you either hide or stand up. at strayer university we've seen it in our students for 125 years. and if you ever think of quitting, our success coaches will be there to pick you up and work with you every day to put you on the right path. it's time. strayer university. let's get it, america. captioning sponsored by cbs
the david rubenstein show cut the clip short. you considered whether you are running for president of the united states or not? >> that won't be happening. >> she would be phenom sir! there's been a breach. we need your password so we can lock down the system. my password? yes, sir, we need your password. the password that i use? yes, sir, your password. there's been another breach! sir! right. okay. i-h-a... ...t-e-m-y-j-o-b-1. ihatemyjob1? wanna get away? now you can with...
. >> oprah was on the david rubenstein show.ver thought about running for president. >> now i'm thinking oh! >> so there's a chance. >> i don't think she would really do it. >> everybody would have health care. she would just auction it off. >> everyone look under you
the david rubenstein show cut the clip short. you considered whether you are running for president of the united states or not? >> that won't be happening. >> she would be phenomenal. bye, everybo people insured. >> reporter: the vice president made the opposite case today. >> no one is going to fall through the cracks in this. >> reporter: and republicans argue that a simpler plan with trillion dollars. south carolina's lindsey graham. >> if we repackage obamacare and call it something else, we haven't succeeded. >> reporter: and that is the big challenge for republican leaders. they have vowed to move away from obamacare, and yet, scott, they are promising that no one is going to fall through the cracks. it's awfully hard to do both. >> nancy cordes on capitol hill. thank you, nancy. the "cbs overnight news" will be right back.
laughs / cheers vo#1it was that teaser clip for bloomberg's "david rubenstein show" that had twitterthinking an oprah 2020 run was in the realm of possibility... the david rubenstein show oprah winfrey - bloombergórzt 00:41:53 ow: no that wont be happening but i did used to think gee you have to know so much more than i thought you had to know vo#2in last night's broadcast, we now see the words left out... an unequivocal "nope" .. and while strangely 11 years ago the adult animated series "the boondocks" predicted a president oprah in 2020its fun to dream... rev vo#3its hard to imagine that dream coming to fruition, given her past track record, when asked about a future in politics.clipólate show with stephen colbertóoprahópresident 20:57:55colbert; any chance you'll run for office?oprah: never no i do not webclipójimmy kimmel liveóoprah winfreyówill not runórzt 00:00:48oprah: the one thing i know for sure sure is i will never run for office we'll have so much more on this story tonight at 7 on the insider, for kron 4 news, i'm louis aguirre back to you. that wraps up kron 4 news at
. >> oprah was on the david rubenstein show.r if she ever thought about running for president. >> now i'm thinking oh! >> so there's a chance.
john rubenstein, one of the graders of the ipod, -- creators of the ipod spending 10 months as ceo.pod shares will be $17 each, getting snap in market value of $20 billion. snap is the first technology company to go public in the u.s. in what is the biggest social media offering since twitter. stock will offer trading thursday under the name snap. china revenue tripling last year, more than $1 billion. mainland accounted more than 15% of tesla's $7 billion revenue last year. charging concerns caps on revenue fall one third a year later. elon musk says china can become tesla's biggest market. kyoto news says airbag maker takata may file for bankruptcy after splitting it healthy business unit into a new company. takta and one of its potential suitors have declined to comment. it's for the products are linked to at least 70 deaths worldwide, triggering the world's biggest safety auto legal. global news powered by 2600 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> the possibility of a fed reserve rate hike at the march 15 meeting is looking more like a pro
afterre hiring rubenstein 10 months as co-ceo.irbag maker takata being failed -- filed for bankruptcy after putting its healthy business units into a new company. they made these concerns about the disruption. takata and one of its suitors, key safety systems, have declined to comment. they are linked to at least 17 deaths worldwide, the biggest auto safety recall. yahoo! has ended the inquiry into its 2014 security breach, saying it was inadequately informed, and an independent committee said executives did not understand or investigate the breach, though there is no -- thee the in information was suppressed. they will not give the board , and theany votes yahoo! chief counsel has resigned. reports from malaysia has committed visa free visit from north koreans on security concerns. they are hunting several citizens linked to the murder of the half-brother of change on. he was -- of kim jong-un. malaysia is a handful of countries where -- is one of a handful of countries where north koreans can visit. global news 24 hours a day, p
vonnie: that was the carlyle group co-ceo david rubenstein speaking in berlin, jÜrge germa.that david's show is back for a second season. tonight it on a clock p.m. eastern, the special guest is oprah winfrey. catch that only on bloomberg. mark: look forward to that. we will follow big changes at bridgewater. giving up his spot as co-chief executive. this is bloomberg. ♪ vonnie: dr. breaking news on bridgewater associates. stepping down as co-chief executive officer in april according to a post on his linked in. let's bring in erik schatzker but he has been following dalio and spoke to him and demos earlier this year. your first thoughts on something that is a little bit further into this letter, jon rubinstein is leaving. ofk: to your point, a lot big news coming out of bridgewater in this statement from ray dalio, and i would lead with jon rubinstein leaving is co-chief executive officer. jon rubinstein was an unusual higher less than a year ago for bridgewater. you may remember he was a key lieutenant of steve jobs and apple. he helped to design the imac and ipod. he left
in houston police say a threat was made to the evelyn rubenstein center. it was later cleared. >>> developing in syria this morning, a step forward in the battle against isis. pro-government forces in syria recaptured a power station from islamic state militants. video released this morning by the syrian central military shows what the government says is footage from the power plant in pa . the city was recaptured this month after isis militants withdrew. today's advance is part of a larger campaign aiming to drive out isis from the surrounding countryside. >>> south korea's impeached president park geun-hye has left office. questions remain about the political future of south korea. >> reporter: south korea's disgraced former president park left office and delivered a parting shot, saying she was sorry she couldn't finish her mandate but was confident the truth will be revealed. elections in may. likes the human rights lawyer is likely to become the next president of sourt. moon jae-in who criticized park and her predecessor for being two hawkish with nor
. >> we talked to david rubenstein of carlisle yesterday, he pretty much mirrored what you said. he said i saw the top of the cycle, i thought we would see a downturn in the cycle which you see after every six or seven years in the u.s. or around the world, he thought we would see that in 2017, i guess it's not happening this year with this infrastructure spending coming from trump. will we see it in 2018 or is the simple turn of the business cycle not happening given that we have trump? >> there is the business cycle and people forget it when it suits them. and we're eight years into the u.s. business cycle. there's only once in the post-war era where we went longer than eight years. the average is five years. you don't know when the shoe will drop. momentum and confidence can take you a long way. we know the business cycle will bite at some stage. if we're in bubble crazy territory, where do you want to put your money? >> i think you want to be conservative. buy short-term u.s. dollar bonds to be frank. for currency view, moving on to politics for a second and what's happening
>> so she's making comment during interviewing with bloomberg's david rubenstein, while she dances aroundat may ultimately tell us the host, that a run could be out of the question, we will find out. all right, lots more still ahead. we will be right back. prodders, shuckersers, and sniffers, [ inhales ] all giant produce is triple checked. farm, crate, and store. we're focusing on fresh... ...so you don't have to guess. my giant. >> welcome back, live look, this is a tree, down in delaware county, deliver ton heights, seeing a lot of trees being taken down by the very high winds that we've had, following some rain, we know we'll have a lot of problems, already, we have some power outages, we've got about 700 folks without power right in that neck of the woods in delaware county, another 700 more up in bucks. so, sue serio, staying on top of all of. that will also history on full display in camden, you can walk through it every day. so cool. the battleship new jersey open every day now from 9:30 to 3:00. you can take a walking tour, you can go on the fire power audio tour. and you can hea
. >> it was that teaser clip for bloomberg's david rubenstein show that had twitter in a frenzy thinking, i did used to think you have to kno oprah best firs an "la la land" was
she was asked about a possible run for the white house during an interview with david rubenstein of bloomberg tv. >> i actually never thought -- i never consider the question even a possibility. i just thought, oh. oh. amy: and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the trump administration is facing a new scandal as the justice department has acknowledged attorney general jeff sessions met twice last year with russia's ambassador to the united states. sessions'sdicts sworn testimony to congress. in january in his confirmation hearing, then senator sessions was asked by the minnesota senator al franken whether he knew of contacts between trump campaign surrogates and russia's government. evidence that any anyone affiliated with the trump campaign communicated with the russian government in the course of this campaign, what will you do? senator franken, i am not aware of any of those activities . i have been called a surrogate at a time or two in that campaign, and i did not have communications with the russians. am
later, we will be speaking with ava drew been signed, the co-ceo -- david rubenstein.out of the berlin conference. withxt is "surveillance" francine lacqua. for matt miller and i, it is dab digital radio. that is where we are going, that. this is bloomberg. ♪ trumped by the fed. the odds of a u.s. rate hike sort after comments from two fomc officials. we get the beige book tonight and yellen speaks friday. making america weight again. president trump talks big in his speech to congress but gives little in the way of detail. >> to approve legislation that produces a $1 trillion investment in infrastructure of the united states, financed through public and private capital, creating millions of new jobs. francine: and brexit battle. theresa may says
we will speak to david rubenstein later in the day. that's at 2:30 p.m. u.k. time.'s pmi came in at 51.7, beating estimates. is the chief demoted you.almost good news from china, i suppose. however, they are diverging. nonmanufacturing has taken a little bit of a turn for the worse, but there is hope. volatility on the yuan is dropping. what do you make of all the data on the lack of volatility in the yuan? >> you have to give credit to the chinese authorities went on almost every metric the current economy was looking exceptionally weak and led to the selloff on risky assets of anything with chinese exposure. you saw a large fiscal expansion and growth initiatives brought forward. into the second half of 2016. you are seeing the echo of that now. you're looking at a divergence of services from the manufacturing sector. it hit the manufacturing sector much quicker and that's why were seeing that outperformance. anna: bloomberg intelligence even inhere's optimism china. it's showing that many managers in china are showing concerns about what doll trump in the white h
today, looking forward to a conversation with david rubenstein.enstein of carlyle group, look for that at 9:00 this morning. this is bloomberg. ♪ francine: this is "bloomberg surveillance." in new york. let's get back to france because we have had quite a lot of headlines. francois fillon is due to speak in 40 minutes and we know for sure because we had a press release saying he will address his party so watch out for that. this comes after we had a chaotic morning. what we found out first thing coming into the office is that francois fillon was due to go to -- but he decided not to go. and there was a report then denied by media parts that his wife, and ella b, who was inculcated in misappropriation of funds 15 years ago -- that she was being summoned and was actually in custody. that press agency has now said that they have not been summoned or she is not in custody but we do have sick arose saying the wife has been summoned to appear in front of judges on march 18 and that francois fillon is due to appear in front of judges on march 15. erik ni
i ask unanimous consent that melissa rubenstein a fellow in my office, be granted floor privileges for the remainder of this congress. the presiding officer: without objection. mr. brown: thank you, mr. president. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: the senator from vermont. mr. leahy: mr. president, i ask consent the call of the quorum be dispensed with. the presiding officer: without objection. mr. leahy: mr. president, what is the legislative situation? the presiding officer: the senate is considering h.j. res. 43. mr. leahy: i thank the distinguished presiding officer, and i am going to speak for just a few minutes about h.j. res. 43. i see this as a misguided, unfortunate attack on health care for women, and certainly that's what i'm hearing from women in the state of vermont. three months into the 115th congress the united states senate has yet to consider real legislation aimed at addressing the many challenges that we americans face today. instead they use simple majority votes
david rubenstein in the carlyle group, and the prize-winning author will join us. thank you for listening and watching. coming up, bloomberg markets: asia. i am david gura, this is bloomberg. ♪ ♪ yousef: ready to lead again, trump told lawmakers, investors and voters it is time to rebuild the united states. we take a closer look at what it means for the middle east. america, higher american, a simple slogan, but it is economical with details. yousef: the fed is making headlines today that the chances of a rate hike are rising as officials expressed confidence. shery: moore signs of stability in china. th
. >> i'll start doing that.doing >> i did not realize that david rubenstein had a show >> i know.. i literally read about that o is w week. >> we forgot about one.. >> who? >> to be on her cabinet.o on >> who? >> from mississippi, the head oo education. >> here we go. >> wisdom martin. we're from the same hometown.etn come on.n >> give me that. give me that.vetha come on. o >> oprah wants to stay true toet her roots. [ applause ][ applse >> department of education,tion really? >> i can tell you exactly what not to do to be successful.cefu >> even the applause is late. le >> that's all right.>> as long as you get there. ton see that'sg theas message frome department of ed. as long as you get there. >> hmm. hmm >> it's all good.ood. i'll be educating all your you children. >> oh, my gosh.h,y go >> don't do that.ha you just single handed hurt oprah' chances think line alonee >> if you put wisdom in charge a of the department of treasury -r >> i like that. >> that might be a better fit.rt >> i like that.ha >> steve you're coming along'reo with me. >> thank you.. >> all going to the whi
as we go to break here's david rubenstein. >> it's clear he's serious about the promises he made. know those of us in washington know getting things through congress is not that easy, but i think he'll push and very serious about getting many of these things through. >>> dow 30 heat map, only a few components in the red. intel downgraded today at bernstein. we're looking at how long it's taking to move 1,000 points in the dow. if we're at close here above 21k would tie for the shortest duration 24 days, which it took to get from 10k to 11k. we'll get stop trading with jim in a moment. >>> there's an outlier i've mentioned twice palo alto's down very badly, that's cyber security company. all execution problems. i have spent a lot of time with cisco, and i believe that cisco is directly gunning in its cyber security large ecosystem it's building for palo alto and it's beginning to have success. chuck robbins wants palo alto's business. i think that mark says point-blank listen it's not competitive. he mentioned they won a couple pieces from cisco, but this is, i think, chuck robbins