founderackstone group and ceo stephen schwarzman says the economy is slowing down.t be a surprise to anyone. >> the u.s. economy has hit a little bit of a slowdown. we can see it in some of our businesses. at the beginning of the year, but that should not be a surprise given all the things that have happened over the last few months with dramatic changes in currency values and it's harder for americans to export all kinds of other issues that we are facing, with china and commodities generally. it is all truncated into a narrow window. thingst that these happen over six or eight weeks is more than anyone could absorb. >> is a rate hike off the table? stephen: you have to ask janet yellen. i don't care. it doesn't make much of a difference. interest rate hikes of 25% of people have been talking about for two and half years -- if you haven't discounted a lot of this stuff, they've got the issue that raising interest rates is probably a good thing. however, there problem is because u.s. currencies appreciated against almost everyone in the world, we've had the impact o

in our next hour, "bloomberg go," stephen schwarzman, paul tudor jones, marc lasry will join us this morning. this is "bloomberg surveillance." stay with us. ♪ tom: dire straits, money for nothing. another deal, this one is up in canada and the merger of their , they beginar sands the offer of $3.3 billion, maybe $4.3 billion. be $3 billionld u.s. tom: she can do the math. this is interest in. in argentina, they've a bond coming. the bones at 15. bonds and cash today, it follows all things argentina. carl weinberg is a next word on emerging-market restructuring. what is the signal katia: it signals a bond they are able to pay in cash today. it matured on saturday, today is when they make the payments. this has been a bond that has gone through quite an ordeal. a lot of people have had a hold on to their stomach throughout the entire lifespan of this bond. was cany, the question they actually make the payment in cash because their actual reserves are in question. tom: where did the cash come from? dr. weinberg: i should ask you that question. it comes out of their own reserves. they a