partnership with the historical society of pennsylvania and the wonderful full support of david rubenstein, we've been able to open this gallery, display these drafts together, and tell the story of the evolution of the text of the constitution into the draft that was ratified on constitution day, september 17th, 1787. it's so exciting and i can't wait to show it to you. let's go inside and come take a look. so in many ways, this gallery tells the story of that underappreciated hero of the constitutional convention. jane wilson. we've all heard of james madison and alexander hamilton, the rap star of the moment. of course, president washington. but in many ways, james wilson was the intellectual archetype act of the central idea behind the constitution that we, the people of the united states as a whole, have the sovereign power that was the big idea. eventually embodied in the preamble to the u.s. constitution. and it wasn't the way things started when the delegates came to philadelphia to draft the constitution. they came as representatives of individuals, sovereign states, and many of t

david rubenstein a friend of anyone here, unwavering limit preserving our nation's rich historical heritage has been nothing short of transformational. his robust financial investment not only to the white house historical association but each of these organizations represented by our panelists on the stage tonight, remarkable and i know it's hard in these wonderful sites. our panel will include analyst, the 19th director of -- sorry. my page just got out of order. mr. root is visionary leader, insightful history passionate advocate for the preservation and celebration of american history. his dedication to ensure the white house and its history remains accessible to all is a testament in his belief of the army are passed to ensure we all enjoy a brighter future. as we gather here tonight to store significant sites, our president impact on our collective memory and their role in shaping our entire nation's narrative mother could be knowing that rubenstein to read leave this conversation. running this conversation doctor bonnie bunche, of inclusivity and empathy 14 secretary of the smithsoni

i rubenstein. thank you for joining us. >> thank you for having me. >> do you think the fed is done? >> i think the fed is likely to do one more 25-basis point increase before the end of the year. that would be my guess. and i think that's probably the conventional wisdom. >> so you're thinking november, december? >> it's difficult to predict exactly when, but i think the fed wants to make it clear that it's not completely happy with where inflation is yet. its target was 2%. we're not quite there yet. whether we'll get there or not, we don't know. but i think the fed is recognizing the market is expecting cuts next year. but the market isn't expecting cuts this year, so i think the fed can get by with 25-basis-point increase without unduly affecting the markets. >> the cuts next year are a hot topic of debate. do they come in the first half, the second half, what are you thinking? >> well, of course, as the fed chairman always says, everything is dependent on the numbers. so, we'll have to see wha

david rubenstein joins us.the united states thinks the electoral college of madison, jefferson and the rest is out of date. is he serious? david: he favors the recollection. it has some problems but as he points out the electoral college was set up a we had 13 states and it was set up in the way that was designed to help the south have more influence in the election of the president because of the slavery issue. in the end, the recollection has been talked about many times over the last 200 plus years and i think it is unlikely we are going to change because it would require a constitutional amendment, which requires two of each house and three quarters of each state and the smaller states will not agree to a direct election, system which eliminates their influence in the electoral college. the most important thing i would take away from the interview is that bill and hillary are still very deeply involved in what's going on in the united states. no couples since eleanor and franklin roosevelt have together had

guy: kim kardashian speaking to david rubenstein.ein show, a peer-to-peer conversations. that's our way of pivoting to our next subject, the beauty brand. bought a stake in the kardashians beauty brand. shares meanwhile having a bit of a crack in day today after the company came out and boosted its sales. this company makes simone foxman lots of different kinds of fragrances and licenses them, of the brand names from a whole range of different brands. i understand the burberry goddess brand is working very well. what is happening here? simone: it's truly the prestige fragrances. they're getting into launching even more ultra premium prestige fragrances. burberry goddess is something they launched in august and that was really a very successful launch, that was part of the statement they came out with today. this goes for $100 for 30 milliliters. that's the price point we are talking about. the reflection will be of the wealthy consumer is pretty strong despite some of the numbers from the lower end. alix: an example of jeffries and g

jeremy grantham of boston and conversation with david rubenstein. about the joy of leaves changing. you were up at the lake this weekend. lisa: yes, i saw a red trees and i saw the red leaves fall. tom: david rubin side joins us from the carlisle group. including stacking duke football. how did you contribute to this? >> i was calling the signals and from the sidelines. if they listen to my signals earlier they would've been a better team all along. tom: did you hear the d1 resurgence story? lisa: i love the thought of your hand signals. >> i have a lot of respect for mr. grantham how did you address the three year, four year hush this is had on the financial american experiment. >> jeremy grantham is a financial analyst that has been prescient in predicting bubbles bursting he is good at that and he has predicted many bubbles as a result he has a terrific record us and investor but now he spends most of his time investing in climate change, climate tag. the greatest challenge is the climate problem. most of his money is in a foundation that goes to

and every data point that gets hit on the economy, jeremy grantham spoke with bloomberg's david rubenstein and he gave us his take on the chances of a recession. >> i think we are descending from the 2021 bubble which was one of the great bubbles. this should be normally the deflationary period. the deflating period. it is a function of will the earnings decline? will profit margins decline? will the economy go into recession? we will have a recession running perhaps deep into next year. and an accompanying decline in stock prices. jon: let us get some more perspective, we have a chief investment officer at riverfront which oversees nearly $9 billion in assets. everybody is trying to make sense of where the economy heads from here. what is your outlook? >> my outlook for the economy for the end of the year is strong and for us, we believe that your not going to see a recession until late in the second half of 2024. we are of the opinion that it has one more height left in it. if they are going to get to their terminal funds rate, we think that the equity markets will be reached by 4400 and

. >> you can see the full interview on bloomberg wealth with david rubenstein at 9:00 p.m.uesday in new york. 7:00 p.m. wednesday in hong kong. goldman sachs says he sees a 15% chance the united states will slide into recession, down from 20%, as cooling inflation and a resilient labor market success the fed may not need to raise rates further. the investment bank is more optimistic than it appears on u.s. economic growth. joining us now is sarah ponczek from ubs. a move from 20% to 50% may not sound like much, but it could be enough to go to a soft landing. where does ubs fold in this? >> you laid out to opposite sides of the spectrum. jeremy grantham is brilliant and we respect his views deeply. more so on the bears side. and you cited goldman sachs on the opposite side who has brought down their expectations and calls for a recession. i would say ubs as of now more so lies with goldman sachs. our economists are calling it a soft-ish. there could be some bumps in the road. when we look at the economic data, a has been surprisingly resilient. you look at labor data, inflat

. -- david rubenstein. this is bloomberg.ing its highest mark in five months thanks what were seeing in the rest of the world. whether it's got legs, can we see further boosts. global markets head of fx strategy. you've been positive on the dollar throughout this year but can we really see further gains from here. elsa: i think some modest further gains are still possible. there are two things driving u.s. dollar at the moment. the first is a cyclical story in relative terms doing better than the rest of the world whether that's china and the weakness we saw in pmi's or the euro area seeing weakness in the data there. the joint between bond equity selloff were seeing at the moment. were seeing this moving at the same time. >> i'm wondering where the crack's will form. i'm good a look at dollar you uan and implications of a stronger, stickier dollar. elsa: you've had that pressure in cnh funding. that squeezing the offshore market. it set out its intent with those much more than expected fixers. for me the more interesting one

thanks to the historical society of pennsylvania, thanks to david rubenstein and, c-span friends, happy constitution so elizabeth spalding, where are we? we are at the victims of communism museum in washington, d.c. on mcpherson square. and how did this museum come about? it came about because of a 30 year dream and organization called the of communism memorial foundation, which was formed which was formed shortly after the fall of the berlin wall. and then it was this one will amuse you. it was authorized by a unanimous act of congress in 1993. and then into law by president bill clinton. and the purpose of it was to educate and more realize the history of communism. these would be the victims that it created. this grand holocaust that so many people didn't know about. and america had been so good about educating about the the holocaust. during world war two of the --, others. but people didn't understand there was this similar holocaust that created victims of communism. and so that's the initial impetus. but this took so long because initially the foundation was focused on building a

this is, you know, the howard rubenstein, others. and everyone sent me to someone else until they finally sent me to the lawyer who had prepared the bankruptcy filing. and he said, oh, i have the city's filing. if you want to take a look at that, you can. and i sort of i was sort of defeated was like, sure. i guess if i can't find the speech, this will at least be something to show that. it almost happened. and as he was showing to me, his assistant opened this old dusty cabinet said, i think i think i have you're looking for. and so i had in my hands the only copy of mayor abe beam declaring new york bankrupt each was a similar journey and so there was no one way and there were a lot that defied so i, i that president carter had a speech prepared for the failure of the camp david and i talked to the person who had drafted it and he described the scene. carter was looking at it on his desk and went and that's right. when the agreement kind of got cemented and they just swept everything off the desk into box. and i found that box at t

for discussion, a manual is published, but in essence the textbook is better in psychology than rubenstein’scame up with six principles, teach whoever remembers them, well, there are such authors, they write, some have five, some 10. whoever wants as much as he wants, that’s why the problem with textbooks exists, i’ll give an example that costs absolutely no money , a textbook in arabic, for primary school, uh, a room, a man is sitting on a sofa, a room, a man and a woman are sitting on the same sofa, they are a child, two children, three children, four, then the whole room is covered in children , each has a signed name, they are all doing something there together, what we decided, we decided the issue: reading, writing, counting and the demographic situation, as it should live, this is how a textbook should be without demagoguery, without nothing, because the child looked, the teacher immediately asks: do you have brothers, sisters, cousins, grandmothers, grandfathers, we are strengthening family ties, this is what costs money, no, this is worth a thought, so let them call you for free, yo

discussion, a manual is given, but in essence a textbook, and better in psychology, a textbook rubensteinremembers them, well, there are such authors who write, some have five, some 10, some as many as they want , that is why the problem with textbooks exists, i will give an example that absolutely does not cost any money, textbooks are in arabic. for elementary school, uh room sofa sitting man, room the same sofa sitting man and woman, they are a child, two children, three children, four, then the whole room in children, everyone has a signed name, they all do something there together, what we decided, we decided the issue of reading, writing, counting and the demographic situation, how to live, this is how the educational system should be. without demagoguery, without anything, because the child looked, the teacher immediately asks: do you have brothers, sisters, cousins, grandmothers, grandfathers, we are strengthening family ties, this costs money, no, it costs thought, so let it be free they called, it would be possible not to create any groups, just show the book, for example, what

colleen brogan, who is the senior vice president and director of the david m rubenstein national center for white house history. and we're very excited. colleen has been nominated by president biden to be the next archivist of the united states who actually came. and. we are hopeful that there will be senate confirmation soon and we will hate to miss her. she has contributed a significant amount to our success the past three plus years here, and she's not going very far. as you all know, we have a a close in relationship with the national archives, particularly our wonderful friends at the presidential libraries, which we all enjoy. dr. matthew costello is our senior historian, is in the back here and matt has been very involved and we will be hearing from him later today as part of this program. and my colleague grace mccaffrey has been in of every logistical element of pulling this together and making it happen. and makes me really happy when i don't have to worry about any of those things. so, grace has done a wonderful job with that. so thank you. well, now we have a very special mo

you can call the full interview with david rubenstein at 9 p.m. tuesday in new york, 7:00 p.m.et you up to speed now with the geopolitical stories we are following. bloomberg has been told north korea leader kim jong-un will meet russian president vladimir putin later this week. a source says he will attend the annual eastern economic forum starting sunday. the u.s. had already warned kim expected leader level talks with putin as the russian president six weapons for his war in ukraine. the you last met in 2019. -- two last met in 2019. thailand's government will present a joint statement to parliament next week after being sworn into office almost four months following the general election. the prime minister's coalition will present its plan to jumpstart southeast asia's second largest economy. it's already planning to slash energy prices and city train fares in order to ease the cost of living and boost investments. president joe biden has tested negative for covid-19 again just days before he is expected to travel to india for the g20 summit. the first lady, jill biden, tes

person, and so one story, when i went to a dinner in east hampton about two, three weeks ago, david rubensteinxt to the stage, and then david interviewed him, and then they mentioned me three or four times in that, and then afterwards he said, you know, the guy knows more than anyone else about him. why don't you say something? i can't say something. this is your show. i'm not part of that. and -- >> but you're here now, so what would you say? >> well, one fast story is i agree with walter. he has to be, you know, untethered, and in addition to that, when he was a child, he talked about all the problems he had with his dad, and he escaped from those. he would go home and he would read the encyclopedia. he would read the encyclopedia. that was his nickname from his mom, encyclopedia. he had a photographic memory. what amazes me about him now is every time you ask him that, how do you do that? how do you know that? he knows everything. he has a photographic memory. he remembers stuff, and so he just -- he's focused on cost, trying to drive costs out of everything, everyone else tries to make as

tom: katy perry this week sold a publishing catalog to david rubenstein.. jonathan: i'm sure david pushes -- appreciates that. it has been phenomenal to see the two-year yield pushing 5.10 and the pushing 4.50 -- the 10-year yield pushing 4.50. neil dutta thinks maybe we are not. maybe the economy could re-accelerate. tom: george sare bellows making the idea of the granularity of month over month or three month annualized statistics is talks over there being disinflationary trends in place. he suggests disinflationary trends also in europe. lisa a: how big are they? are they enough to keep the ecb from hiking further? i think the big change this week is longer-term yields going higher. it is not being driven entirely by the front end and i will have katy perry in my head the rest of the day. cannot move past that. [laughter] jonathan: we have a bloomberg terminal in front of us and tom keene is scrolling through the need -- through the lyrics. trying to figure out what song and what verse he will you -- will use. [laughter] do you have any more? tom: we ar