amy: tell us more about tom barrack and steve schwarzman.nd the relationship with trump and what they did. >> so tom barrack is donald trump's oldest friend, closest friend, introduced ivanka at the republican national convention for, and other old trump friend according to media reports, still has the president on speed out. we have been talking about the foreclosures who bought those foreclosures. we have seen a massive transfer one groupmanatt from of feelers who got her close to have 3es, but we now million homes in this country and lop shelllp, companies. some of the largest buyers of these homes were these private equity funds run by tom barrack and steve schwarzman. there's now a company called invitation homes, which is founded by blackstone, steve schwarzman's company, owns 80 thousand homes across more than a dozen states. traded companyy so they track clearly their rent increases, the relatively small amount of money they spent on maintenance, and also come in portly, because these people are leveraged buyout kings, they have been

steve schwarzman told cnbc earlier today that the u.s.t negotiate with different and often competing factions during any back and forth with china. >> the u.s. has sort of called it now and said we want change there are many in china who say that's okay but there are others who don't want to change so, we have three parties at the table. we have u.s. and we have the chinese reformers and we have the chinese hardliners so we're going to find out this week what the chinese positions are and then the u.s. will have a chance to take a look at it. we were very close to a deal in may, and then china pulled back. and eliminated about a third of the agreement that was already had a handshake. there were still other issues that had to be resolved, but that led to the collapse of those talks. now china is coming back to the table and we'll see what they put on the table >>> we're still joined by rich kelly. i don't know whether you agree with mr. schwartzman on the idea of competing factions on the chinese side of the negotiating table or whether y

remind us who steve schwarzman is and what the president was asking himo do. >> well, president trump said last week at a meeting with the u.s. mi ssion at thenin remarks that later were observe stained by the post in the video, he said he talked to steve schwarzman head of eblackstone, one to have world's largest investment companies based here in the u.s., he talked to him abouti hunter bden. steve schwarzman wrote in a recent book that he had spent al lot of timeping the administration on the trade talks. he made eight trips in 2018 alone. he wrote, on behalf of theh fadministtion, in our eorts to deal with trade matters in chin s hwartzman, i wrote a story about schwarzman last year when i talked to him about the heisperer. he'serson closest to the chinese leadership. for trump to say this, is significant. schwarzman's spokesman said scarzman never never talked to trump ant hunter biden so the so two disagree on wh the conversation took place. >> woodruff: fascinating. yamiche, we know the former envoy to ukraine kurt volcker was on the hill today having private briefings with the

steve schwarzman, pleasure to have you on. >> great to be here. >> why has it been difficult to get aresident trump has used as an intermedia intermediary. >> the reason it's difficult to get a deal is one side is growing faster than any country in world history over the last 40 years. and their desire to change isn't overwhelming. and they are smart and they know that change is important. so the question is how much change, how fast, and that's just the debate. the idea of just staying where we are isn't the case. >> do you think the chinese want a deal? >> i think the chinese are not enjoying the way this is evolving because it's hurting their economy. i believe it's hurting the u.s. economy. and it will end up hurting the emerging markets who sell to china, and it will end up hurting europe, and so this is a lose-lose-lose for everyone. it's just a question of when people come to the table and say, okay, what do we really have to do. it was pretty close in may and the chinese decided to pull back for reasons that were not fully explainable at the time. it was pretty shocking for th

steve schwarzman wrote in a recent book that he had spent a lot of time helping the administtion on the talks. he made eight trips in 2018 alone. he wrote, onehalf of the administration, in our efforts to deawith trade maters in china. so schwartzman, i wrote a story about schwarzman lastr eaen i talked to him about the whisperer. he's the person closest to the chinesr leadership. ump to say this, is schwarzman's spo said schwarzman never never talked to trump ant hunter bideneo two disagree on who the conversation took place. w druff: fascinating. yamiche, we know the former envoy to ukraine kurt volcker was on the hill today having private briefings with the house members, waff we learned about m wh. volcker had to say? >> according to a number of different sources and mber of different reports, kut volcker was eager to share information with lawmakers today. he said a number of things including he was not personally involved with president trump trying to pressure ukraine toe investigate den. he also said he tried to warn rudyuliani, the president's personal attorney, ast using any i

penalize everyone that's done well now steve schwarzman the founder of blackstone says that the treatment of billionaires in the united states is starting to resemble the treatment of the jews in nazi germany seriously he actually said this it's the wall it's like when hitler invaded poland in 1939 and he's not the only one it's a rising trend if you get about 33 we've different words this is what hitler was saying in germany you don't survive as a society if you encourage and thrive on and view it genesee the wealthy t.v. preacher kenneth copeland has also reported suffering at the hands of the not so wealthy or abused fire lines you can't manage that today right this don't feel old world right get in an air get in alone too with a bunch of and so the gap between the rich and poor in america has reached its peak in half a century so do you think that billionaires are really an oppressed minority we decided to ask new yorkers what they think that's a joke right oppressed. or not. malcolm we approached minority women in the world anyway i don't think they should be hated they didn't get th

lou: we are watching steve schwarzman and others on wall street.tered agents of china. they are pressuring the white house and the president as best they can. they have kudlow and mnuchin operating as internal catalysts for their views and values. as well as of course myron brilliant over at the chamber of commerce. this is a corporatist sellout by any name for china against the interests of the united states. >> on the other side we have lou dobbs and most of of the american people of both political parties. because everyone knows china is a bad actor, they always renege on their deals and we can't trust them. but i am worried about wall street, chambers of congress, the koch organization and all the rest ganging up on the president. lou: we should remember that would make it a fair fight. this president is committed and he made it clear's committed to the american working man and woman, the middle class of this country. those are the folks he sees as his base. as the essential americans. gordon, it's great to have you with us. it will be interest

joel: donald trump talking to steve schwarzman about china.omething else we notice, private equity industry dominated by men. carol: exactly. i love the coverage because i do feel we need more transparency. joel: it's what we set out to do. carol: it's a great cover story. joel weber, thank you so much. more on equity later on. we turn to the week so far in politics. jason: an ongoing impeachment inquiry, subpoenas for rudy giuliani and the state department, and as 2020 looms, that big election, elizabeth warren taking a step forward in me polls. carol: josh greene joining us from washington. josh, what a week it's been, and i think we're starting to figure out, will this have some implications for the 2020 elections? josh: well, i think almost certainly will. it's funny, every week we finish up by saying what a week in washington. yet this one stood out apart from earlier ones because we now have a fast-moving democratic impeachment inquiry that is very serious moving forward, very quickly, has ensnared the president and a lot of his cabinet

page of google was another, several met very successfully and had a great discussion of course, steve schwarzmankstone, and a few others had a good rapport by just explaining issues quietly to him. the one on ones work especially well, but it's recent not just going back to 2016 or we saw a lot of business community being divided up as trump likes to play one off against each other in the spring of 2017, cook stayed out of that talked individually about issues and recently this past august with trade sanctions arising, higher tariffs he managed to carve out again about the iphone it's remarkable how he has managed to get a special relationship jared kushner helped a lot, too. he's gone directly to kushner. this is not with any money being exchanged but with forceful arguments about trade. i think china is probably the third largest market to sell into apple and sell for apple i think the u.s. is probably around 40 some percent, 42%, europe 24, 25 and china is around 20% that's very important apple revenues. >> how has cook been able to walk that line hooch you have seen it, the journal points it

yesterday blackstone grouch steve schwarzman said the consumer is doing well he's giving us a read on the consumer we can get into some of the geopolitical sports debates. ed stack is here he bought two bait and tackle shops from his father in 1984 and never looked back. today dick's sporting goods is the largest retail company in the country. joining us now to discuss the strength of the consumer and much more is ed stack, dick's sporting goods chairman and ceo. he has a book out, it is his first, and this is his first stop this morning. the book is called "it's how we play the game, build a business, take a stand, make a difference." we'll talk about some of those stands and stances in just a moment but it has been a remarkable ride over all of these years let's talk about the health of the consumer given what steve schwarzman said. do you feel it >> our business is really good our last quarter our caps were 3.2% we increased our guidance for the balance of the year. we feel the consumer's in pretty good shape. >> we talk every day about china and about this trade war has it had any

blackstone ceo steve schwarzman has been talking to "barron's" roundtable host jack otter how a deale a deal-maker in your book. you write in your book when you went into deals where odds stacked against you and you won. if you were sitting down with china right now, what would you do forgive and take to make a deal happen? >> this is all on the chinese side. the u.s. can't negotiate if nobody puts anything on the table. in a funny way, this is, described as a negotiation but the negotiation is very much i think within china itself. neil: the full interview will be on "barron's" roundtable, a brand new show premiering 10 p.m. will run through the weekend. my good friend jack otter, of "barron's" will be the host. >> he realizes, sit down with somebody you each have to give a little bit. he thinks this is all on china right now. if that is true they have to realize that. we have to figure out a way to have them save face. i think something could happen. xi could use good news. donald trump would probably not tell us this, good news would not hurt him either. if he could point to a dea

steve schwarzman p said there's nothing special about wework, we don't understand the valuation. >> it'seal estate -- they have short-term rents. it was a mismatch. financially it made no sense. there is no technology. because they had so much cash infused from soft bank, they went on a hiring spree. there are good business that's they own. one of the ways they'll generate revenue to try to stay alive is to sell some of the gems that they have. that's not talked about enough. it's not just a loan from jp morgan. they are as we speak facilitating sales to generate cash on the balance sheet. dagen: why didn't any investor take a look at a this founder and take a look at the chief and say, you know, this -- maria: jp morgan was very supportive. dagen: this is out of control. this is out of control. why is the wife in the corporate document -- i mean, had they changed this. but why is the wife aa lou louda allowed to pick newman's successor. it was crazy that evoked the dot-com bubble 1.0. >> this is no question. you don't have the same disclosure requirements often you don't find it until a

has been the strategy for all of this team, the idea that tim cook is over there in business, steve schwarzman all of that is supposed to bend the arc of history or bend the arc of chinese history towards either a more open society, and the question is is that a viable and working strategy or is all of this a lesson that that's actually a failure. >> all of this is a lesson that that's if not a total failure is not destined for success we really thought that engagement in the business, engagement in the internet, that you could not have a thriving economy without the free flow of information, that the internet was going to open up new ideas it was going to bend the arc of history towards what we would call individual liberty. >> done again. >> not a foregone conclusion. >> blacked out again. >> blacked out again >> blacked out earlier in china. >> we want to pivot the conversation >> explain that to me. you can tell right away that china -- >> i hear from people. >> we can see -- we're broadcasting in china right now. >> i know that. >> we might not be we can see when the blackout happens. thi