rubenstein has the ball. i am deputy chief rubenstein, and i'm here to give my report. i want to thank the commissioners for their kind words and encouragement to our members. this is, i assure you, the greatest job in the greatest job in the bay city, and i want everyone out there to have confident that they will be safe long before we respond with personal protective equipment donning and doffing. chief has gone to extraordinary lengths to community what will and won't be tolerated by the department. i assure you, the process is well founded and is moving forward. to go on with my reports, i regret that i had technical difficulties this time, so virtually all of the materials that i prepared for you were lost, but i still have something for you, so let me see if i can get that to work. are you able to see my presentation? >> yes. >> president feinstein: yes. >> thank you very much. this will be my presentation. so july was not an average month by any standard. we had the one greater alarm as you heard in th

rubenstein has the ball. i am deputy chief rubenstein, and i'm here to give my report. i want to thank the commissioners for their kind words and encouragement to our members. this is, i assure you, the greatest job in the greatest job in the bay city, and i want everyone out there to have confident that they will be safe long before we respond with personal protective equipment donning and doffing. chief has gone to extraordinary lengths to community what will and won't be tolerated by the department. i assure you, the process is well founded and is moving forward. to go on with my reports, i regret that i had technical difficulties this time, so virtually all of the materials that i prepared for you were lost, but i still have something for you, so let me see if i can get that to work. are you able to see my presentation? >> yes. >> president feinstein: yes. >> thank you very much. this will be my presentation. so july was not an average month by any standard. we had the one greater alarm as you heard in th

it is the david rubenstein show. mr. rubenstein joins us right now.f the armenian exercise -- how others has stated we were immigrants, we came here, we were successful, this can work. tell us about his path to the united states and great wealth. david: for those who. no -- for those who do not know, he is the chairman of moderna. he is armenian refugee from lebanon, he grew up in lebanon. he went to canada and got a degree and came to m.i.t. and got a phd and started companies. he has started 76 companies and many of them have been fabulous lee's successful. he is now running -- fabulously successful. moderna is by far the most successful. tom: how can guys like you compete with guys like him for intellectual excellence. doesn't he have the upper hand over private equity and other sources of venture capital? david: there is no doubt people who are immigrants often tend to be very hard-working and very smart and they are the leaders of many of the entrepreneurial ventures. on the other hand private equity people are investing with him and alongside hi

. ♪ >> david rubenstein peer-to-peer conversations is sponsored by wells fargo.e are helping our clients navigate the challenges of family wealth dynamics. ♪ ♪ david: for more than 40 years now, the m1 abrams has been the u.s. military's main battle tank. it is a 60-ton monster that can knock out to me tanks more than three miles away. the abrams tank was designed at a time when america was prepared to fight soviet forces in europe, but it passed its toughest test in iraq in 1991 when it destroyed a huge iraqi armored force. the u.s. army has 2000 abrams tanks in service, and they are all built by general dynamics. i got to see the abrams up close. sounds pretty solid to me. and watched it muscled through a course at speeds up to 43 miles an hour. soldiers complete a six-week training course to operate it. i meet the age requirement, but i think i will stick to the family car. let's go through the major divisions you have a general dynamics. one is the marine systems. before you became ceo, you were the head of marine systems, is that correct? there were 68 subma

david rubenstein show." and lisa abramowicz, i'm jonathan ferro. this wednesday morning, equity futures down seven. a softer equity market after an all-time high at the closing yesterday's session. into wednesday, we are negative a little more than 0.1%. yields lower by a couple of basis points, 1.1539%. the recent low, 1.1 to 60% -- low, 1.1260%. tom: a breakdown in the 10 year yield now from 1.18% in the matter of an hour or so. with us now is david rubenstein, of course, founder and chair of carlyle group. david, i look at the challenge here, and to me, mcdonald's is fascinating because it has 200,000 employees, but well in excess of one point 9 million when you add in the franchises as well. what is his approach to 2 million bodies? david: well, it's a lot of people to manage, but their system has been largely a franchise system. they own about 10% in the united states of the mcdonald's. they want to be an owner so they know what it is like to own and they can give directions based on having been an owne

. ♪ >> david rubenstein peer-to-peer conversations is sponsored by wells fargo, helping clients use thets for a purpose in the communities we serve. communities we serve. david: let's talk about your background. you grew up in a suburb of chicago. you were the youngest of six children. is that right? ms. rhimes: correct. david: i guess you get a lot of hand-me-down clothes as the youngest of six. do your parents pay attention by the youngest of six? are they gone by then? ms. rhimes: i didn't get a lot of hand-me-down clothes and my parents were very focused on us, which was delightful for me. my parents are educators so i think for them, they were very intensely focused on making sure that we had what we needed. my mother -- i always said if we were poor, i did not know it because my mother made all of our close and they were fantastic looking and there was a lot of focus on us. my mother stayed at home along time for us which is a big sacrifice for somebody with her intelligence and her interest in work. she made sure we were well-placed in the world and ready to go and be who we were

marc andreessen with david rubenstein.ch the full interview this evening. chipmaker reporting a narrower loss than wall street expected but days after its fallen founder was charged with misleading investors, ed ludlow joins us with how the current ceo is managing. ed: the long and short of it is they will now only make 25 to 50 trucks this year. they were going to make 50 to 100. what so amazed and shocked me when i spoke to the ceo was that they will not even be able to sell all of them because they will be missing parts like semiconductors, and until they can retrofit them, they are not able to put them down as revenue, so they will just give them away for free for testing purposes. emily: is he throwing him under the bus or defending him? ed: the company has been very careful in what they've said. they said this is only about trevor melton. the charges only relate to him and the actions he took and the things he said. he did say it is hard to draw a line in the sand because by association, people will remember the comp

of course i read david rubenstein's book would you be able to achieve in today's politics the kinds ofyou did during your heyday in washington from 1980 through 1992? you the ultimate principal pragmatist. and now you mention if you mentioned a few minutes ago this political dysfunction in today's washington d.c.? >> i would hope that there would be. i do not know. nothing i accomplish could ever have been accomplished without the president whom i served. so today, leadership has to come from the top. we need presidents today who want to see that old paradigm reestablished, more people go to washington to do the nations in business, not to fight, squabble and argue all the time. by the way we need a press that views that as the objective. the press today, when i was there the press were to some degree had their biases. but to some degree they were objective reporters with facts. this is a serious problem for our democracy. our press today are players in political debate on one side or the other, that is not good. it's not getting good for the getting the people's business done. which t

. >> i did a program with david rubenstein who you worked with for many years and he did a program with peter and susan recently and he has read the book and says this book is worthy of a pulitzer. i hope good things come from the book because obviously i think it will help to build your legacy for generations to come. >> in my opinion they did a really good job, the warts that are in their they dealt with in a fair way. i was pleased with it. >> later in the chat box to the audience there are links to amazon and penguin random house doubleday. i hope many of you make sure you get this book because it is a fantastic read, well deserving of the positive reviews but most importantly to tell the life of our special guest, secretary baker. as developed in the book, it is in the introduction, you've said this a lot, your perspective has always been the point of holding power is getting things done and during your years in washington you did a great job of that and peter and susan say in the book one of the reasons you were able to achieve so many goals is because you were not a crusader. you

prosecutor dan rubenstein. >> i started to get worried and the question popped into my mind is it possibleyond a reasonable doubt unanimously as to an answer on this case and i started to worry about that. >> by day three the judge called the jury into his courtroom, asked -- >> is there a likelihood of progress towards a unanimous verdict? >> after getting this far was the prosecution's case coming undone? >>> coming up, jurors speaking out, saying the case went wrong from the start with the original lead detective. >> she just boggled me when she was i don't remember, i don't know, and you are a lead investigation. >> when "dateline" continues. u d investigation. >> when "dateline" continues ♪♪ >>> by day three of deliberations the jury sent word to the judge, they were deadlocked. >> is there a likelihood of progress towards a unanimous verdict? >> no. >> no? all right. thank you. >> the judge ordered them back to deliberate further. but now of course there was concern. >> so they will make another effort, considering each other's opinions further, and if they are unable to reach a verd

tom: david rubenstein, thank you so much. it inspired peer-to-peer conversation.aylor, i look at this, and you and lisa have been on me all day. this cyber meeting in washington. i guess it is a big deal? taylor: it feels off the mark. everything else that is going on. i would argue that dan ives of wedbush argues it might not be the future of physical -- the new were on terrorism -- we talked to colonial pipeline, they would say the same, whether you think about china or russia. you could argue you could fold this in to the zeitgeist is where we are with afghanistan. tom: also with invest -- also with investment. i would say does good days away from chairman powell speech, widely anticipated, whether you think it will be a nonevent. the theory is you will tilt dovish. taylor: i would argue, we have been remote for a late teen months and a lot has happened remote. maybe something might happened. be aware you are due a lot of complacency in these markets. the vix said a 17 year handle. tom: tell us about the close coming up. i know you do not know the planning beca

he spoke to david rubenstein about everything from crypto to spacs.a pretty big call right one time. >> it is quite a bubble but clearly shows elements of a frothy market that is too much liquidity. i would say the spac market is overvalued. people that invest in spacs on general will be a losing proposition. >> what about cryptocurrencies, are you a believer? >> i am not a believer in cryptocurrencies. i would say cryptocurrencies are a bubble. i would describe cryptocurrency as a limited supply of nothing. so, to the extent there is more demand than the limited supply, the price would go up. but to the extent the demand falls, the price would go down. there is no intrinsic value to the cryptocurrencies, except that there is a limited amount. >> based on what you said, why wouldn't you put a short on cryptocurrencies? maybe you have. you think that is a good short? >> the reason why we shorted subprime in size, it was asymmetrical. limited duration that trades at a 1% spread of treasuries, so you cannot lose more than the spread and duration. it it d

you can catch that full interview tonight on "the david rubenstein show," nana talk p.m.7:00 p.m. in london -- 9:00 p.m. in new york, 7:00 p.m. in london. morgan sachs and morgan -- goldman sachs and morgan stanley brought workers back to the office. bloomberg's sonali basak is here with more. sonali: this situation is fast changing. i was at goldman sachs just this week, and while it feels like some people are on vacation, there are still a lot of people there. there were no masks in the building. that may change. now goldman executives are considering ways to get ahead of the situation, potentially have masks in the building, ramping up testing. we have morgan stanley asking for proof of vaccination if you're coming into the building. before that was on an honor system. so the rules are changing bank to bank. something else, the information they are not giving out for employees is how much they are seeing in terms of breakthrough cases in the office, which is really the stat making employees nervous that when they come to work as they are being asked to, what are they w

ritika: to hear more from him, watch number 12 with david rubenstein. is calling on europe to create a green capital market. they say it would be nice for a transition, and he said that europe's leading position is trying to help to create the green market. you lanced to help with restrictions on tourist because of the rising coronavirus infection rate. this would reverse -- meanwhile the u.s. has not opened for tourists yet. alix: thank you so much. francine: we have some charts that is showing that u.s. economy is softening. i mention a lot of points will come in september, but this is a good way of breaking it down, the sets that we are looking at, outdoor dining, things like that. alix: also on the travel restrictions, we all had delta, so why are you going to restrict travel when delta is inc. dealt with everywhere, but also i wonder how opportunistic it is. there is something weird there. francine: right. i guess if people go back to school, you don't need that tourism dollar. alix: perhaps. francine: i am clutching at straws. this is bloomberg. ♪

tom: john paulson speaking to david rubenstein. the full episode tuesday in new york or wednesday in london. speaking of crypto, let's check the prices. bitcoin up 625% year to date. ethereum down. that is the bloomberg galaxy crypto index. let's look at what we will be watching out this week, the u.s. open tennis tournament starts today and we will get euro area consumer confidence as well. tomorrow, all eyes on biden and afghanistan as almost all american troops they be pulled out of the country after nearly 20 years. that 31st date. wednesday, we will be monitoring the opec-plus meeting. thursday, eu foreign affairs ministers meet in slovenia. friday, we have the august u.s. jobs report. that's where the focus switches after that important speech from jay powell where he tried to delink the start of tapering from the start of the rate hike cycle. we don't have a timing yet but the assumption by many investors is set timber is when it gets announced, and bloomberg intelligence things december is when tapering starts but jay powel

to hear more about investing from john paulson, watch bloomberg's "wealth" with david rubenstein.our latest business flash. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's ne. comcast business powering possibilities. >> the countdown is on in europe. this is "the european close." with guy johnson and alix steel. alix: already minutes until close in europe, recovery stumble, confidence falls for the first time this year's while german inflation hits a 13 year high, olaf scholz tries to cement his front runner status sunday is the race of -- race is close wide open. only three hours of video game time, china forbids minors from gaming more than three hours was weeks of the year i'm of the crackdown on tech companies and what i

dani: marc andreessen speaking with david rubenstein.atch that on the latest episode of "bloomberg wealth." let's turn to china, where beijing's crackdown on the tech sector has spooked investors, but the crackdown is not about big tech, it is about big capital. joining us is surely when, bloomberg opinion columnist. your piece, you argue that what is surprising is the scale. what do you mean by that? >> i mean that all these issues with big tech, for profit tutoring to ridesharing and videogame addiction, they have not been do. china has been talking about this since 2018. they have been trying to crack down these sectors, but this time the breadth, the depth, all of the bureaucratic administration is coming at big tech, from the ministry of education to the ministry of prince rotation. that is what i meant -- the ministry of transportation. that is what i meant. manus: i love the line that china does not seem to care how much foreign investors have lost. that may occur if capital flight keeps taking place. >> that goes to my point abou

yeah, i did a program believe it or not earlier this morning with david rubenstein who i know you worked with for many years. yeah, and he did a program with peter and susan recently and and he's read their book and he says this book is worthy of appealitzer. so i hope good things come from the book because obviously i think it'll help to build your legacy for generations. to come well, they did her. well, let me just say that in my opinion. they did a really really good job and that it was and that the watch that they're that are in there. they've they've dealt with them in a fair way. and so i was please it talmage. yeah, in fact later in the chat box to our audience. there's going to be links to both amazon and penguin random house doubleday. so i hope that many of you will make sure you you get this book because it's a fantastic read well deserving of the great review positive reviews. it's gotten but most importantly just to tell the life of of our special guest secretary baker. now as developed in the book, in fact, it's in the introduction and you've said this a lot. your perspect

. >> john paulson speaking to david rubenstein on bloomberg. the full episode tuesday in new york or wednesday in london. let's check on those crypto prices. bitcoin up your today, 55%. bitcoin currently trading 47,900, just over 5040 -- similar territory in the losses we are seeing in today's session, currently priced at 3165. that is your crypto index. let's take a look at what we are going to be watching for this week. the u.s. open tennis tournament starts today. we are going to get euro area consumer confidence. almost all american troops have been pulled out of the country after two decades. wednesday we are going to be monitoring the opec-plus meeting. will they stick to their commitments? friday, we are going to have the august u.s. jobs report. let's get the bloomberg first word news with simone foxman in doha. >> hurricane ida slammed into louisiana packing winds of 150 miles per hour and threatening mass flooding. more than 700 50,000 homes and businesses are without power. blackouts could last weeks. anthony found she says the door