we also talked to steve schwarzman about u.s. relations and what he thinks they are really trying to get. this is what he said. [no audio] >> what i think the president is looking for, i am not his spokesman on this, is basically equivalent in terms of open markets and tariffs and trade. david: steve schwarzman you listen to on china because he also has invested a lot of money there. he knows china really well. sonali: he has a program for scholars in china, and china investment corp. was a huge investor in blackstone as well. chair of then the strategic policy. we have to take them really seriously when he is talking about china. there's a lot of money flowing still in china, and it has been reported that he's been the voice to trump saying think about the big picture of u.s. china relations long-term. alix: the third story has to do with twin brooks, the company raising almost $3 billion for its latest direct lending fund. this is the third that they've done for this. their: they exceeded fundraising targets. when interest rate

and as i said, there's a path that people really see is very doable steve schwarzman said yesterday, you know, the $5 billion of investment into palestine alone, that is one or two deals for them there's a big commitment with the right governance and environment that people are excited about the economic prospects of the company >> i was discussing i had comments yesterday he was basically saying the palestinian territories are like singapore decades ago. he said low on natural resources, high on human capital and human potential. but at the end of the day, dubai and singapore had real leadership the question for the palestinians and the israelis now is is the right leadership in place to get a political solution that could lead to this kind of economic prosperity that you're looking for will this take a different leader than benjamin netanyahu to get this done >> let me say i think this is both top-down leadership and bottom-up leadership i think netanyahu has demonstrated terrific leadership in the region. they have built a tremendous economy. >> the palestinians don't trust him. >

president trump confirms he will meet with xi jinping at the g20 summit but blackstone's ceo steve schwarzman tells cnbc he's not optimistic a deal will be reached. >> i think that's extremely improbable because there's been almost nothing happening since may. >> asian stocks follow u.s. equities higher on renewed helps elsewhere for a potential u.s./china trade deal. that confidence fails to spark european market. >>> president trump takes aim at jerome powell ahead of today's policy meeting saying he could consider demoting the central bank head. >>> and trump also blasts ecb president mario draghi and his stimulus plans that sent the euro lower against the dollar. >> there are risks mainly because of brexit, also because of the trade conflict. even the persistence of these risks are a risk in itself >>> president trump has increased pressure on the federal reserve to cut interest rates. bloomberg reported the white house in february examined the possibility that the administration could demote jerome powell from his role as fed chair. the news agency reported that the white house legal rev

coming up, steve schwarzman weighs in on the ongoing trade were between the united states and china.get his thoughts on the subject. that's next. this is bloomberg. ♪ ♪ guy: from london, i am guy johnson. taylor: and from new york, i am taylor riggs. this is bloomberg markets. that has been a lot of talk about the effects of u.s.-china trade disputes on apple's business, including from apple itself. reporting this morning saying that the company is asking suppliers to take a look at shifting anywhere from 15% to 30% of their manufacturing capacity from china. we have our next guest here to talk to us about that. is this a good strategy to hedge their bets against a very unknown future? >> absolutely. my sense is they have been doing this for a while. these are probably not need discussions. what was talked about in nikkei this morning is the fact that apple needs to talk to its other suppliers. they have been talking to, about shifting to other regions. you just cannot lift out the final assembly and test to get the moniker of made in the philippines or made in malaysia, you also hav

. >> i heard steve schwarzman last night describing what's happening now in the palestinian territories and the opportunity for them to be like a singapore and like a dubai but singapore and dubai have top-down leadership structures the israeli/palestinian question is there's no leadership really on either side >> so probably the more relevant case studies, hadley, would likely be rwould ra rwanda or s. in the case of rwanda, it's been the last 20 years, not generations. hopefully with the right will, with the right political and economic plans in place, there's no reason palestine cannot be one of the most thriving regions in the world i've known many palestinians, many of them are good friends. they're tenacious, hard working and committed people i have no doubt that the 5 million or so palestinians in palestine with the right structure will be a force in the world in the next 50 years >> what's been interesting in the world as far as the attendees at this conference, not just from the united states but the gcc presence as well we were forewarned before we came that this wouldn't be a

paul: that is steve schwarzman. more to come on daybreak asia. bloomberg. ♪ the kiwi dollar jumped after the economic growth rate held at a five-year low. let's go to tracy withers. what happened? is there some fluke in the numbers? what happened? tracy: there was some data from last year which question the 2.5al rate up from 2.3% to percent, which is reasonable. it is still at a five year low. the construction sector was very strong. there was concern services was week which reflected lower and the from tourists, housing market and real estate industry. household spending was soft as well. analysts are looking at that wasng the topline number good, as expected. maybe there is concern moving forward. like anven this looks outlier, is it unlikely to move the needle next week in terms of whether it cuts or not? decision isweek's expected to be no change. the economists here are looking monetary policy which is when the bank does it analysis of the economy. that is due in august. the chances of a rate cut following from may are strong, about 85%. ch

at 11:30, we are joined by blackstone's chief executive steve schwarzman. and later on, we speak to the facebook coo sheryl sandberg. but first, let's get straight to bloomberg first word news. >> a bloomberg scoop. president donald trump asked white house lawyers to explore his options for removing federal reserve chairman jerome powell. happened earlier in the year, less than two months after trump discussed firing him. lawyers examine the legality of stripping powell of his chairmanship, leaving him as just a governor. it would beed questionable to fire the chairman without cause. may impose sanctions on turkey for buying a russian missile defense system. the administration is considering three sanctions packages. the idea with the most support is to target several turkish defense companies. is turkish president erdogan likely to ask trump to back down at g20. boris johnson extending his lead in the race to become the uk's next prime minister. he looks poised to pick up more votes as the hardest brexiteer in the contest has now been eliminated. the next

the week, interviews with top executives in aviation at the paris air show, plus lackstone's steve schwarzman and a conversation with federal reserve vice chairman. >> why are we speaking of cutting interest rates? >> especially in the last six or eight weeks, there have been elevated uncertainty about the outlook. >> coming up, more of the week's top business headlines, but it's governor's says don't call us [indiscerniblr] this is bloomberg. ♪ ♪ >> this is bloomberg best. let's continue our global tour of the week's top business stories in the u k, where a field of conservative contenders to replace theresa may narrow to a final 2. >> then there were two. boris johnson versus jeremy hunt in the title round to be britain's next prime minister. they will spend the next month battling for votes. boris is very much the pick. pick of the party. some say the battle was deliberately crafted to give boris an easy ride. >> all the information we have suggests that boris will be the runaway winner in this contest. it is interesting he had a broad amount of support. his message has been deliberately v

you work at a place -- your boss, steve schwarzman, intimately involved in china, a confidant of theries. how worried are you about that decoupling?how is the firm? >> everyone recognizes the parties have moved apart and i think everyone is disappointed that has occurred. a senseink there is that it is in the collective interest of both parties to come back together. that is why in terms of trade and reciprocal openness of markets, i think progress ultimately will be made -- i think the technology is just tougher. ♪ >> we are 10 years into an up cycle, so at some point, the music is going to stop. time, we have an administration, like them or not like them, they have done a pretty good job in extending economic growth and consumer confidence and kept inflation down, and therefore it is very hard to say whether we are going to have another cycle with interest rates where they stand now and with the growth and inflation numbers where they stand. it probably won't be until after the next election, but that's not that far off, so the key is to be prepared. we go through hundreds of credi

the secretary of the treasury, steven mnuchin will be on site for this we expect folks like steve schwarzmanbe on the agenda a lot of businessmen from this region but i have to tell you how far this will move the dial forward is anybody's guess we're talking about some $50 billion in investment they want to see playing out in the next ten years, but there's the bigger question over why the israelis and the palestinians, both of whom refuse to attend this conference, the palestinians saying we can't be bought this is a sellout for us the question is can you have economic stability without a political solution many sides on this question. but most people saying there's no way to get that done. >> we'll find out. hadley gamble, thank you very much >>> still on deck, president trump preparing for an all-important face-to-face with chinese president xi jinping in japan. we will take you live to beijing next. >>> and incredible video just moments ago in florida where elon musk's falcon heavy rocket is carrying some questionable cargo into space but a very successful launch tas d decongp.deilanvio

plus, blackstone's steve schwarzman and a conversation with federal reserve vice chairman. >> why are we speaking of cutting interest rates? >> especially in the last six or eight weeks, there have been elevated uncertainty about the outlook. emma: coming up, more of the week's top business headlines, norway central bank actually hike rates but it's governor says do not call us hawks. >> monetary policy has been expansionary. emma: this is bloomberg. ♪ emma: this is "bloomberg best." i'm emma chandra. let's continue our global tour of the week's top business stories in the u.k., where there is a field of conservative contenders to replace theresa may narrowing to a final two. >> then there were two. boris johnson versus jeremy hunt in the title round to be britain's next prime minister. they will spend the next month battling for votes from the conservative party before a winner is announced in late july. boris is very much the pick. some have suggested that the battle was deliberately crafted to give boris an easy ride. >> he is the overwhelming favorite, although polling data we hav

and coming up, we have an interview with steve schwarzman. don't miss that interview at 11:30 a.m.:30 new york time. global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt and anna. anna: thank you very much. the end of mario draghi's tenure as ecb president is now insight. but in the final form as head of the central bank, draghi pledged to use all of the tools at his disposal if the euro area economy takes a turn for the worst. >> in the absence of improvement such that the sustained return is threatened, additional stimulus will be required. we will enhance our forward guidance by adjusting its bias and conditionality to account for variations in the adjustment path. i just said a moment ago that we are ready to use all the instruments necessary to deal with this mandate. and we do not target the exchange rate. further cuts in policy interest rates and mitigating measures to contain any side effects. looking at a broad variety of indicators, we see the path of -- have t

you work at a place -- your boss, steve schwarzman, intimately involved in china, a confidant of thetries. u.s. and china. how worried are you about that decoupling? how worried is the firm? >> everyone recognizes the parties have moved apart in the near term, and i think everyone is disappointed that has occurred. but i think there is a sense that it is in the collective interest of both parties to come back together. that is why in terms of trade and reciprocal openness of markets, i think progress will be made. i think the technology is just tougher. >> we are 10 years into an up cycle, so at some point the music is going to stop. and at the same time, we have an administration, like them or not like them, but they have done a pretty good job in extending economic growth and consumer confidence and kept inflation down, and therefore it is very hard to say whether we are going to have another cycle with interest rates where they stand now and with the growth and inflation numbers where they stand. we might. it probably won't be until after the next election, but that's not that far

. >> when was last time steve schwarzman did that? >> for a super-pac? >> i don't know. that right now. neil: i want to thank you very, very much. there is a lot we don't know. when it comes to raising money, say what you will of president, despite having polls he has no problem on that front. we have lot coming up, including the travails among mark zuckerberg. his rank among ceos is plummeting. what is more telling for zuckerberg his status is tumbling with workers at facebook. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. hey! i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity agai