blackstone, the big private equity company, run by steve schwartzman. >> first off, one of the smartest guys on the planet so you don't want to bet against him. i went looking for something to talk. about everybody is talking about jpmorgan and bank of america. blackstone makes deals. they have hedge funds. they're private equity. they could credit lending. we actually use one of their hedge funds. and they're not cheap. they make money. with interest rates going up, people will be looking at these and blackstone will be right in the middle of it. we have so we like blackstone. plus it has a 5.5% dividend. if the market is high, we have to get paid. >>> let's move to global x master limit partnership. energy infrastructure. >> you bet. so these are the pipeline, storage people. this is not the drillers or anybody like that. if we have a secretary of energy from texas, and an epa guy from oklahoma. pipelines. you have to get all this new oil. we'll be self-sufficient in 2024. they have to get it to oklahoma or the gulf. and that did i have zenld about 7%. >> and your third choice is a re

. >> steve schwartzman chair of the policy forum, is that an advantage or a disadvantage that he hasccess to trump more than you do? >> i don't think his access to trump will affect our returns. having good counselors around the administration will be helpful. >> great stuff. thank you very much for joining us. jim coulter of tpg. >> good to see you. >>> when we come back, we sit down with christopher eisgruber, the president of princeton university. "worldwide exchange" will be right back. >> we are here in snowy davos forum for the world economic forum. >> much more from "worldwide exchange" after the break. info. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. may not always be clear. but at t. rowe price, we can help guide your retirement savings. so wherever your retirement journey takes you, we can help you reach your goals. call us or your

the big businesses and this week coming we have the really, really big businesses set up by steve schwartzman, great wall street person. matt has done a great job. we have the greatest businesses that are set up and that's happening very soon. but these small business we're going to simplify. reduce, eliminate regulations. we're doing it for big business, too, by the way. can't be any discrimination, right? but big businesses are thrilled with what's happening. the stock market has gone up massively since the election. everybody saying the market will go down. the smart people know me. the business people know me and know what i'm about so the market went massively up. in fact, when i was elected a lot of the really smart people went out and bought a lot of stock and they've been rewarded. we want to simplify and lower taxes, unless you would rather have high taxes, right? so small business owners can spend more time and money finding and responding to customers and expanding markets. they have more money and more opportunities to hire more employees. so essentially we're getting rid of regul

this week coming we have the really, really big businesses set up by steve schwartzman, big wall streeton, man has done a great job, we have the greatest -- set up. that's happening really soon. but the small business we're going to simplify, reduce, eliminate regulations. we're doing that for big business too, by the way. big businesses are thrilled what's happening. the stock market has gone up massively since the election. everyone saying, well, the market will go down, it's not going down. the smart people know me. the business people know me. they know what i'm about. so the market went massively up. when i was elected a lot of the really smart people went out and bought a lot of stock. and they've been rewarded. we want to simplify and lower taxes, unless you'd rather have high taxes, right? so small business owners can spend more time and money finding and responding to customers and expanding markets. they have more money and more opportunities to hire more employees. so essentially we're getting rid of regulation to a massive extent. could be as much as 75%. could be even sligh

i called up -- i was called by steve schwartzman and asked me to be part of that advisory group, said'm chairman of the business roundtable. part of the reason i'm doing that is i think it will be helpful to a growth agenda. >> but there were lots of different reports which i'm sure you read. >> a lot of them were wrong. >> that suggested you wanted the job and that he went back and forth -- >> whoever did that was making it up or lying. >> fake news. there's been none of that. let me ask a different question. we're here in davos, people talk about globalization, you represent have a lot of clients that are multinational businesses that are thinking and are worried and concerned they talk about it here about more nationalistic approach in the united states. what do you think? >> first of all, big companies are huge drivers of growth. that helps all americans. okay. something like 50% of all capital expenditures done by the largest 1,000 companies in the america. capital expenditures is ultimately driver of jobs and income and you need that. globalization, i don't think it should be re