rubenstein: another doctrine was named after you. when you became secretary of state under george w. bush, eventually, you wanted to win iraq and told him -- i don't know if this is proper -- if you go in there and you break it, you own it, like pottery barn. did the pottery barn people like that? sec. powell: another journalist got me into that one. i never said that, but one of your colleagues in the press did say it. pottery barn, what a great line. the theory is right, but the line is not something i made up. it was made up by a reporter. i said, it's a pretty good line. i accepted it. not in any military magazine, not in any military manual, you will not find it, except among the troops. they still like it. people said, did you come up with this theory out of nowhere? i said, if you look carefully at it, you will find it goes back to the days of chinese imperialism. if you want to go to war, make sure you have tried every alternative to satisfy your political objective without going to war, and if you are faced with an enemy who

tune into the full conversation on the david rubenstein show tonight at 9:00.rning when we came in, it was a risk off field to the markets, whether it was fx, bond, equity markets. you saw some buying come into the u.s., and then it shifted. maybe it was this interview coming out or hitting the record highs in the s&p's. then we saw some serious moves in the bond market. selling on the short end in the u.s., buying on the back and led by canada. francine: we heard from the bank of canada accelerating the timing of their rate hikes, so they said they would stop their bond buying program and moved to reinvestment. that also moved markets in canada significantly. the canadian dollar is now rising. overnight rates maintaining at 0.25%. it reminded me of what happened at the bank of england. you don't have one of the major central banks reprice, but if you say if they are hawkish, what does that mean for the fed? we are all using the same supply chain, so maybe something to look at deeper. alix: the difference is the canadian dollar is higher. when the boe gets more

emily: you can watch the david rubenstein show wednesdays 9:30 new york time.up, mark zuckerberg responds to comments made on bloomberg technology by an early facebook investor. what he had to say, next. this is bloomberg. ♪ emily: two of the world's most valuable fintech startups are joining forces. strike will allow retailers to add corn a bank's buy now pay later service as a purchasing tool. this comes at a time when rivals are striking deals to win a share of the repayment industry. amazon has struck a deal to use verizon's network to link up its thousand strong satellites. this sets up a rivalry with star link. jeff bezos has committed $10 million to the satellite subsidiary. it plans to launch more than 3000 satellites into low-earth orbit to provide broadband internet. two weeks ago we were joined on the show by an early facebook investor, reid hoffman. he spoke candidate -- candidly about how the social network lost people's trust especially over handling of claims leveled against the company by whistleblower frances haugen. take a listen to what he ha

mark: don't miss general mark milley on the david rubenstein show. former u.s.secretary steven mnuchin says he is opposed to the introduction of new taxes and warning about the consequences of a billionaires tax. on the sidelines of saudi arabia's flagship investment. >> now is the wrong time to raise taxes on anybody whether it is billionaires or average consumers. the problem is it probably won't raise much money since a lot of this money will be given away to foundations. it's probably unconstitutional. the third issue is it creates very bad incentives. mark: secretary mnuchin added the levy probably wouldn't rake in as much cast as its proponents expect. russian president vladimir putin has told the company to focus on refilling the european gas storage facilities. that is when they will have finished the campaign. the move is expected to ease europe's supply crunch. global news 24 hours a day on gloom -- bloomberg quicktake. i'm mark crumpton, this is bloomberg. ♪ amanda: welcome to bloomberg markets. we welcome both our bloomberg audiences. here are the to

david rubenstein joins us, with peer-to-peer conversations with him, i really want to focus on the hockeyr from belmont hills. for those of you not in the know, that's really good prep school hockey, then on to princeton and rotc. david rubenstein, the path of general miley to the top of the pecking order for miley was original, wasn't it? david: it was. we never had a joint chiefs of staff server with an undergraduate from the ivy league and he didn't expect to spend his career in the military, but it worked out that way. he's from a military family but interestingly his father didn't want him in the military. his father really try to keep them out. how is his service -- tom: how is his service cover -- colored by the fact that his father was truly on the shores of iwo jima? david: his father knew the horrors of military combat from world war ii and tried to keep his son from going to west point. he went to princeton on effectively a hockey scholarship but he got into rotc and ultimately stayed in the military. it's an unusual story and he has obviously become one of the most visible of

for the first time this pandemic we welcome david rubenstein into our studios. for joining us. took you three days to get into the building? david: it is more complicated but it is worth it. mike is doing a good job to make it not comfortable but process driven. maybe that will be the future for business. julie sweet has to do with this at accenture. tell us how the columbia log glad -- law grad is different than what we see. david: accenture is a publicly traded company. more than $200 billion in market cap. one of the largest companies in the world run by a woman. she is trained as a lawyer and not as a consultant. they are the biggest consulting firm in the world. they have done a better job at building their presence around the world. there are now 624,000 employees. tom: what i find interesting, and she is really pushing the needle on this and is an example to other corporations, is the rate of debate of work from home. how to the best and brightest work from home versus working from the carlisle office? david: it turns out during covid people who have tech

. >> in this weeks public for search with that we bring you david rubenstein, best selling author, businessman and philanthropist. he was co-finance cochairman of the carlyle group, the world's largest and most successful private investment firm. in spring 2020 he was joining us at the reagan library for in-person event for his new book how to lead. with the covid event that was not able to happen. we reached out. during today's conversation he shares have the book is published some of our nation's greatest minds to explore the inspiring story of america including conversations madeleine albright on the american immigrant, ken burns anwr come walter isaacson on innovation just to name a few. we invite you to enjoy our virtual program with david rubenstein, two from our leadership academy of office during a conversation by reagan foundation institute executive director john heubusch. >> it is a real privilege to be with david rubenstein this morning, who has written some remarkable books. i think this is your third, david, "the american experiment" is outright? >> that's correct. >> a real, rea

we invite you to enjoy our virtual program with david rubenstein, two from our leadership academy of office during a conversation by reagan foundation institute executive director john heubusch. >> it is a real privilege to be with david rubenstein this morning, who has written some remarkable books. i think this is your third, david, "the american experiment" is outright? >> that's correct. >> a real, real terrific study of some americans have been successful across so many fields, and what i loved about the book first to say, david, is it seems a synopsis of a number of the interviews that you have done in the past years of these fine americans. i just have to say it was a real treat but when i saw the title "the american experiment", here we are as a nation 230 some odd years old, and yet you, come te story that you are come to find to this day as an experiment. why is that? >> when the country was great it was an experiment. there never been a country create a whole thought this way and the experiment that the founding fathers gave us was a representative democracy. nobody really

earlier today he sat down with david rubenstein, cofounder of the carlyle group, at the economic clubshington, d.c. to discuss whether he supports the 15% minimum corporate tax. sen. manchin: we are going to do a deep dive and we should do a deep dive and that is why i have always said, when you do reconciliation in such a manner that is partisan, you don't go through regular order, doesn't go back to the committee, there is not a hearing, you don't have a chance for you all to come testify and tell us what is working, this could have this ramification, did you think about this. we don't have the professionals. basically you have a few staff trying to put things together and massage at the way they want it. i thought that wasn't a good way. do i think i know? i don't know. i went 25% on corporate net, 28% all in, got rid of carried interest. you have been hearing this wealth tax has got everybody excited to a certain extent. the only thing i said about taxation is it should be fair. david: the wealth tax, in your view, is something you support? sen. manchin: i haven't seen text on it.

and deputy chief rubenstein, you have the ball. >> i am deputy chief bryan rubenstein, deputy chief of operations, and this is my report for september. the beginning of the city opening up, we were able to have a live ceremony to welcome commissioner morgan. we're very, very pleased to welcome him. it's been a very, very busy season with a lot of good reports about our crews out there in the field. we did not have any greater alarms, but there is another example of a single alarm fire that was managed very well by the crews. our public information officer has a lot to do. we had our annual police memorial with commissioner nakajo and the mayor there. of course, we all remember our remembrance of 9-11, and right after that, chief of department ran up to the high-rise and just ran up to the top. here's the chief engaging the community, and we're continuing with our fire safety programs, and we're seeing [indiscernible] doing better than we did the month previous. these are other public service announcements that have been put out at our office, social media, and they're consistently avai

jonathan: general mark milley will be speaking with david robinson in, -- david rubenstein in full.conversations." what we saw was a very significant event of a test bay hypersonic weapons system, and it is very concerning. he goes on to say, i do not know if it is quite a sputnik moment, but it is very close to that. it has all of our attention. tom: born in 1957, jon, i relived that in my childhood memory, and there was an intense fear of sputnik and what we do. within the classification of what we cannot cannot talk about, jon, i really want to say, more than any other military officer we have now, he is the most on estimated. he is rotc out of princeton. i cannot convey how unusual that is. most importantly, his father was on the shores of iwo jima. lisa: what we see in both the rhetoric that, frankly, has been harsh out of the administration and the increasing moves of corporations out of china. how does this diverge? at what point do corporations have a role to play in this? i see this, because, actually, if you'll take a look at tech giants, co's the -- ceo's there, they have

senator joe manchin spoke earlier david rubenstein at the economic club of washington, d.c.his morning. well, he did speak at the economic club of washington, d.c. still saying that there appears could be a deal closer than we think. bloomberg washington correspondent annmarie hordern joins us. what did you take away from that? annmarie: he's wrapping that up now. he reiterated the fact, when it comes to taxes, it is something being discussed on capitol hill. we don't have the text for what i knew billionaire tax would look like. he rated rates that he supports the 15% memo and corporate tax rate. potentially there is a path forward from the trump -- for the trump tax cut to last through this democratically controlled congress and white house. also, what happens with paid leave and climate. in the top line figure, senator manchin said he could not say for sure what the top line figure would be, but reiterated what he thought was fair was $1.5 trillion, and that in washington, we just talk about billions now as chump change. he seems to have softened on that stance. they are

and deputy chief rubenstein, you have the ball. >> i am deputy chief bryan rubenstein, deputy chief ofrations, and this is my report for september. the beginning of the city opening up, we were able to have a live ceremony to welcome commissioner morgan. we're very, very pleased to welcome him. it's been a very, very busy season with a lot of good reports about our crews out there in the field. we did not have any greater alarms, but there is another example of a single alarm fire that was managed very well by the crews. our public information officer has a lot to do. we had our annual police memorial with commissioner nakajo and the mayor there. of course, we all remember our remembrance of 9-11, and right after that, chief of department ran up to the high-rise and just ran up to the top. here's the chief engaging the community, and we're continuing with our fire safety programs, and we're seeing [indiscernible] doing better than we did the month previous. these are other public service announcements that have been put out at our office, social media, and they're consistently availabl

professor joseph ellis, you said during your interview with david rubenstein, a little bit earlier that the immersion revolution and rebellion was a power issue, not a money issue pretty can you explain that pretty. >> all be my best briefly that the british attempt attack the colonies and oppose legislative mandates on them was essentially driven by the desire to increase revenue and reduce the size of the national debt which was $147,000. but in truth, the amount of money collected was less the cost of enforcing and the issue at stake in the colonists was not how much you are taxing us, but the fact that we have no say given that that we are being taxed without our consent so the underlying source of the crises that begins in 1774, in the wake of the coercive acts is to control us and from the british, we have the authority to government and consolidate our empire the way that gives us control from london in a way that we never exercised before. >> so when you talked about from london what was the communication back and forth between the colonies and london at that point and how long

there is a letter sent to the inspector general of department of justice by reed rubenstein.h senior council for this group. i will tell you what in a uncovered, listen to part of this letter, this shows how pernicious that is become with biden administration, democrats and teachers unions. bureaucrats in education establishment and democrats -- they write our understanding of the facts, in early september, biden administration stake holders, the unions, school overreds, held discussions regarding avenues for potential federal action against parents with a key biden domestic policy official and white house staff, in a held discussions with senior department officials, that is department of justice, including one appointee in civil rights division. jane doe 1 and john doe 1, and others in white house, separatedly express concern regarding potential start son political impact of parent mobilization and organization around school issues in up coming midterm elections, this is about a sleazy and untorrid as it gets, on information and belief at direction of or consent of jane doe

vonnie: that was in an interview with david rubenstein. haslinda: still ahead, we discuss opportunities in renewables with the chinese business head of the world's largest wind turbine maker. thomas keller will be joining us later this hour. david: before that, we are looking ahead to some earnings, key earnings out of apple and amazon. we break it down what it means for you about supply chains, and research analysts will be joining us in the next couple of minutes. this is bloomberg. ♪ haslinda: welcome back. we are keeping an eye on samsung, which was out with earnings this morning. it was a neat, but it says supply chain disruptions persist. -- it was a beat. pretty much good and bad news at the same time. of course, that supply chain disruption continues and is set to meet impact demand going forward. david: this goes really into everything else, right? it fits right in the middle of the supply chain. i guess this will fit into the apple story later on because they are very dependent on apple for revenue. they might be able to find thi

haidi: chairman of the joint chiefs of staff there with david rubenstein.an watch that conversation at 7:00 p.m. hong kong time. coming up next, the chip crunch continues to loom large for big automakers. this is bloomberg. ♪ >> we have seen recovery from the impact in cute free from some of our supply base -- q3 from our supply base that caused a little more impact. i'm optimistic we are through the worst of it. that's what gives me confidence we will see a stronger q4 and then a stronger q1 and as we get to the second half of next year, continue. shery: gm's ceo. let's get more on gm and order earnings and the impact chip shortage is having on the industry -- gm and ford earnings. >> automakers today showed that they have navigated it pretty well, both gm and ford. both beat massively with earnings expectations. they did better than people expected. gm talking about still seeing chips being an issue for them going forward, and i think that was enough to really spook investors. ford struck a more confident tone when they talked about chips. they suffered e

there is l a letter september -- sent to inspector general of department of justicee by reed rubensteinwill tell you what they have uncovered, listen to part of this letter, this shows you on pernicious this is with the biden administration, the democrats, the teachers unions, bureaucrats in the education establishment. and the democrats. -- they write this in part: >> >> >> this is about as sleazy and untoward as it gets. >> d that would likely be a assume letter from national schoolol board association. that outrageous letter as pretext for federal action -- >> according to this, the department of justice, the most senior levels of the biden administration, and the organizations, including national school board association, colluded to set up parents and parent organizations and tax payerses to silence them. on information and belief in or about mid september. work began on development of what became attorney general memorandum -- >> >> you know on my radio show i said i i smelled a rat, this letter, and the memorandum from attorney general, the overlap was could not be coincidence, l

another announcement, this one a little bit more serious, senator joe manchin speaking with david rubenstein at the economic club of washington, d.c., 9:00 a.m. if you want to watch that on the bloomberg, that is one to watch. tom: i got an email from indiana pointing that out to me today. jonathan: does the author of that email support the -- tom: of course. if you are from west lafayette, there's nothing else. jonathan: college football. what does boiler up mean? does anyone have any idea? [laughter] it is like roll tide over at bama. what does that mean? tom: it is greek to me. lisa: tom, are you lobbying for another day off? jonathan: he's got one. i approved it. it's monday. lisa: i think the person from indiana approved that one. [laughter] jonathan: he always asks me, always. is it ok, jon? can i have thursday and friday off? i will be off thursday and friday, and you will be off on monday. just a bit of separation. tom: and lisa is taking off november, so it works. jonathan: what do they say about love and distance? it makes the heart grow fonder? all of that stuff. tom: we are sensi

a senior vice president at the white house historical association and the director of the david rubenstein center for white house history. the white house historical association is a nonprofit, nonpartisan organization with a mission to educate americans about the rich and diverse history of the white house and the people who lived and worked there. our guest this evening is michael giorgione. mike is a retired rear admiral from the navy's civil engineer corps. he served in a variety of assignments around the world in his 29-year military career including as commander of camp david. after military retirement in 2010, mike has worked in private industry and now is the chief executive officer of a building information systems technology company headquartered in his hometown of pittsburgh, pennsylvania. in october of 2017, he published his first book, "inside camp david: the private world of the presidential retreat." mike travels often speaking about the book and has covered by "the wall street journal," the "today" show, smithsonian, npr, c-span, and many other print, radio, and television

at our last meeting, chief rubenstein ended his last -- well, as part of chief rubenstein's report came from [indiscernible] beautiful, you know -- i shouldn't say beautiful, but a very accurate description of all that you did was presented to the commission and the report. and at this time, i'm going to read that into the record because it should be public knowledge. people should know who you are, what your current [indiscernible] is, and how lucky we are to have you. so if everybody can bear with me while i do that, that would be greatly appreciated. the notable event from august 16 of 2021 was not included in our prior report but highlights the extraordinary and strong work of rescue captain both goudreau. at approximately 2051 hours, the department of emergency communications received a call from the u.s. coast guard to rescue a 23-year-old female who accidentally ingested antifreeze on a sailboat approximately 380 miles offshore of bodega bay. officers contacted e.m.s., captain neil tagliorini, and he selected the most experienced on-duty rescue captain for the assignment, and tha

his conversation with david rubenstein next.. ♪ >> we will all negotiate in good faith you have to keep your options open. i think 1.5 is more than fair since we did 1.9 and is another 1.2, and i have to start thinking about how much -- i never heard trillion dollars used when we had the meltdown in 2007 and 2008. they got up to $800 billion and then we thought it was outrageous that you would have to spend this much money to keep us from financial collapse. we talk about billions like chump change, and we now are in the trillions like it is expected. and what did world war two cost us? what did the marshall plan cost in today's dollars? i was just curious. i had one of my researchers check it out and they said what do you think, and i said i do not know? they said $4.7 trillion. we save the world and world war ii and rebuilt europe on $4.7 trillion. we have spent $5.4 trillion and we will have a heck of a lot more. dani: that was senator joe manchin with david rubinstein. it is interesting to see how the next few days pan out a

. >> in this weeks public for search with that we bring you david rubenstein, best selling author, businessman and philanthropist. he was co-finance cochairman of the carlyle group, the world's largest and most successful private investment firm. in spring 2020 he was joining us at the reagan library for in-person event for his new book how to

and there's a letter that was sent to the inspector general of the department of justice by reed rubensteind he is a senior counsel for this group, and i want to tell you what they have uncovered. listen to part of this letter because this shows how pernicious this has become within the biden administration, the democrats, the teachers unions, the bureaucrats in the education establishment, and of course the democrats. our understanding of the facts they write to the inspector general, this in part, in early september, biden administration stake holders, that would be the unions, the school boards, and so forth held discussions regarding avenues for potential federal action against parents with a key biden doest manic -- domestic council official who they call jane doe number one and white house staff who they call john doe number one, stake holders also held discussions with senior department officials. that's department of justice, including at least one political apointee in the department civil rights division jane doe number two. jane doe number one and john doe number one and others i

. >> in this weeks public for search with that we bring you david rubenstein, best selling author, businessman and philanthropist. he was co-finance cochairman of the carlyle group, the world's largest and most successful private investment firm. in spring 2020 he was joining us at the reagan library for in-person event for his new book how to lead. with the covid event that was not able to happen. we reached out. during today's conversation he shares have the book is published some of our nation's greatest minds to explore the inspiring story of america including

. >> watch more of his comments on the david rubenstein show.4 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. haidi: selloffs in the short end of the bond market in australia continues after daily operations . another 17 basis point move in the three year yield. this raises the question, how much will a flatter yield curve hurt stocks? we see this scramble as tightening is happening faster than markets expected. at what point will the negative correlation play out for equities? >> the yield curve is flattening. in march it was 1.6%. then down to 1%. but looking at the gap between the two-year and tenure is [indiscernible] so growth expectations have come off a little bit but have not reached a level where it is a major concern and would derail the market. we think eventually it will go up [indiscernible] we think inflation will start easing the second half of next year as pandemic rules ease. haidi: structural adjustments might not be transitory, particularly pertaining to crackdown

can play" about the story of opportunity zones that is out this week with a nice blurb by david rubensteinom to this david. david, good morning to you. >> good morning. >> good morning. help us understand what's happened last night and to the extent that it matters, how you think this is going to play again because this movie will start up all over in november. >> basically, the republicans were unwilling to put the u.s. into default they bought some time from the democrats i think the democrats will unify their caucus and put together moderates and progressives to pass the big spending bills and tax bills they have in the works you mentioned my book. this is how washington will work in the end somebody will take something to get their vote the republican of south carolina managed to get the opportunities into the bill. i am certain, well, we'll get something and allow them to swallow hard and democrats will pass it. i'm not sure but most people watching think democrats aren't so stupid as to blow this chance for a huge legislation. >> you think they get both bills? >> i think they get bot

in an interview from september, 2020 with david rubenstein, general powell talks about his upbringing, military career and serving for presidents. upbringing, military career and serving four perspectives.