like the martens steve schwarzman suffered in terms of public opinion for it you know people people decided that he was. the overly ostentatious face of this sort of turbo charged financial capitalism was it in your book that i read that people and was part of that organization yet the peterson is the co-founders of blackstone was co-founded by shorts mint and peterson and and you know by the way look i think that both of them are very very able businessmen and i think they founded a very very effective private equity firm i think that you know the fact that steve schwarzman the party became symbolic of you know sort of the fabulous wealth generated in europe in a way it is less about schwartzman and blackstone and more about the phenomenon that i do well on in my book which is you know as in the nineteenth century we're living in this time of tremendous economic change and overall i actually think that it is benign i'm in favor of the technology revolution i'm in favor of globalization but i think we do need to pull back and really face the fact that there are some winners the not just the

and steve schwarzman. "squawk box" is coming right back.ning four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. >>> hey, welcome back to squ "squawkbox." headlines, lawmakers will issue a policy statement followed by a forecast at 2:15 eastern. later, we get chairman ben bernanke news conference. >>> mortgage applications were up 2.6% last week. the mortgage association says the average rate fell to 3.47%. executi executives reportedly sold more than $23 million in stock earlier this year ahead of news that sank the stock price according to the "wall street journal" that says those sales were made outside of pre-arranged trading plans. >>> let's get back to the "new york times" deal book conference. andrew ross sorkin joins us with another guest. you're ready, andrew? >> i'm ready to go. we have another great guest. steve

his budget comes from just two billionaire backed nonprofits that's folks like steve bechtel steve schwarzman paul singer and these are billionaires who would not like to pay a penny more in taxes than they already enjoy a surprisingly low rates they don't even pay payroll taxes first while the wealthy investors so it's no surprise that norquist is serving their interests yeah no surprise at all leaf on thanks so much for the great work you do only and thanks for being with us and thank you tom thanks for covering this for money in our elections as one of the biggest threats to our democracy you could join the movement to overturn citizens united and yet corporate and foreign money out of our elections by going to move to amend dot org. it's the good the bad of the very very exit you asli oddly the good father jonathan morris how do you know when it's the holiday season where so-called news starts. it's investigative reporting on the so-called war on christmas in america it's twenty five days of fox news uncovering outrageous and justices like people calling christmas trees holiday trees on f

you've got steve schwarzman who is the head of blackstone group who famously said we're getting rid of the hedge fund tax loophole would be like hitler invading poland he's been a financial advisor to the cold gun manufacturers all down the line there are a lot of people making a lot of money off the gun industry and by the way i specifically said in the piece i'm not recommending any government action about it but i think it's totally appropriate to name and shame people who profiteer off and industry and the lobbying for this industry there's also the death of schoolchildren that i think you've identified the main problem here mark and i want to bring you in on this is that when it comes to guns we're not talking about a constitutional second right second amendment right anymore to me we're talking about maintaining a business that is extremely profitable in america so let's say for example you know to really protect the second amendment the government said everybody when you turn eighteen you can come by pick up your own handgun you have to have a proficiency test test the register

jpmorgan chairman and steve schwarzman, and david ruben stein and a lot more. 6:00 a.m. eastern on "squawk box." americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> welcome back to "squawk box." let's get to our guest host, cliff robbins for the last word. >> it doesn't have to be the last word. >> i just want to understand, we keep calling him activist, but i think of carl ikahn -- >> you're absolut