real estate, i would think that should be able to get through >> and you're a coo, i mentioned steve schwartzman a business participant from this community in this administration, is there any insight that you could share that he has in terms of where he sees things going? >> you know, steve has these conversations, and one of the reasons he's trusted by all parties is because he holds them pretty close to the vest he has direct dialogue and is candid on these things i think all of us are watching this, obviously, concerned on the trade side because we believe in the importance of trade and investment, and as i said, i think all of us are hopeful there will be resolution here, but it's hard to be confident when these things will settle soon. >> right well, europe, perhaps, there's maybe, just at least judging from kudlow's comments, to be a bit more there looking at the first quarter, why? >> well, relative to the u.s., if european growth may be slower than the u.s., as investors, it's also about price. you know, where is that price relative to other markets? and there's still some legacy distre

chairman and ceo steve schwartzman said the firm delivered good returns despite turbulence in globale heard from coo john gray at delivering alpha yesterday. >> we're looking at sectors or areas where there's better value. we tend to be scale players in almost everything we do, so larger size deals that involve public companies for us tends to be more interesting. things whereas i said things we can intervene. tech enabled services where we see real growth, places like india where we've seen really great fundamentals on the i.t. side, business processing side, i think you need more conviction in this environment and you go in this environment from sort of buying everything, let's say, five or six years ago where you could be more comfortable to be much more narrowly focused in where you'll deploy capital. >>> former trump adviser steve bannon sounding off at yesterday's alpha conference covering many geopolitical hot spots. >> good morning. thanks for having me. we spent most of the interview discussing the trade war with china but we started out discussing the president's press conf