Podcast appearances and mentions of steve schwarzman

ai markets bloomberg federal reserve davos blackstone animal spirits steve schwarzman

Play Episode Listen Later Jan 18, 2024 15:56 Transcription Available

Blackstone CEO Steve Schwarzman says he expects the Federal Reserve to lower interest rates in 2024, heralding the return of "animal spirits" to the markets and declares AI is no longer an elective, but "core curriculum." He speaks with Bloomberg's Francine Lacqua from Davos. See omnystudio.com/listener for privacy information.

Squawk Pod Reports from Davos: Blackstone's Steve Schwarzman 01/17/24

Hablemos de Mercados con TeFondeo

Play Episode Listen Later Jan 17, 2024 12:44

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they're speaking with Blackstone co-founder, chairman, and CEO Steve Schwarzman. The head of the world's largest alternative asset manager ($1T AUM) and a longtime investor in China, Schwarzman discusses opportunities in global real estate and China's effort to attract more foreign direct investment. Once a donor to President Donald Trump, Schwarzman addresses questions about his support in the upcoming U.S. Presidential election. In this episode:Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

donald trump china switzerland presidential reports world economic forum davos blackstone squawk andrew ross sorkin schwarzman steve schwarzman becky quick

ÚLTIMA HORA INFORMATIVA: Orbán pide a Europa "no regalar dinero", y Zelensky se reúne con JP Morgan

Negocios Televisión

Play Episode Listen Later Jan 16, 2024 24:36

ÚLTIMA HORA INFORMATIVA: Orbán pide a Europa "no regalar dinero", y Zelensky se reúne con JP Morgan Tras un debate bronco hoy en el Parlamento Europeo, habla Orban. El primer ministro húngaro se ha pronunciado sobre esos 50.000 millones para Ucrania y dice que la ayuda a Ucrania no debería perjudicar el presupuesto de la UE. "Si queremos ayudar a Ucrania, lo cual creo que debemos hacer, tenemos que hacerlo de una manera que no dañe el presupuesto de la UE", dijo Orban en una conferencia de prensa. "Pero regalar 50.000 millones de euros del presupuesto de la UE con cuatro años de antelación es una violación de la soberanía y de los intereses nacionales de la UE. Ni siquiera sabemos qué pasará dentro de un cuarto de año". Orban dijo que cualquier mecanismo financiero para Ucrania debería estar separado del presupuesto de la UE. Dijo que la propuesta de Hungría para crear tal mecanismo se basaba en la asignación de ayuda sobre la base del ingreso nacional bruto (INB).El presidente ucraniano, Volodymyr Zelenskiy, se ha reunido con algunos de los nombres más importantes de las finanzas mundiales mientras busca reforzar el apoyo vacilante a la lucha de su país contra Rusia. El líder ucraniano habló con Jamie Dimon de JPMorgan, Steve Schwarzman de Blackstone y el fundador de Bridgewater, Ray Dalio, el martes por la mañana. Su misión: reponer las arcas del Estado y desviar la atención hacia un conflicto a las puertas de Europa. Dimon se presentó a Zelenskiy: “Soy Jamie Dimon de JPMorgan Chase. Dios lo bendiga." Esta es la primera vez que Zelenskiy asiste al Foro Económico Mundial desde la invasión rusa. Estuvo por última vez en Davos, Suiza, en 2020. "Es muy importante estar aquí para impulsar la inversión en Ucrania y apoyar nuestra economía", dijo Zelenskyi en una reunión la madrugada del martes, según comentarios publicados en su sitio web. También destacó el “potencial especial” de la producción militar, incluida la cooperación con empresas de defensa occidentales.#orban #europa #economia #zelensky #jpmorgan #paz #hungria #ucrania #rusia #guerra #israel #arabiasaudi #negociostv #noticiasenespañol Si quieres entrar en la Academia de Negocios TV, este es el enlace: https://www.youtube.com/channel/UCwd8... Síguenos en directo ➡️ https://bit.ly/2Ts9V3pSuscríbete a nuestro canal: https://bit.ly/3jsMzp2Visita Negocios TV https://bit.ly/2Ts9V3pMás vídeos de Negocios TV: https://youtube.com/@NegociosTVSíguenos en Telegram: https://t.me/negociostvSíguenos en Instagram: https://bit.ly/3oytWndTwitter: https://bit.ly/3jz6LptFacebook: https://bit.ly/3e3kIuy

260.- WHEEL IN THE SKY

Play Episode Listen Later Nov 28, 2023 15:24

Los futuros de las acciones están estables, con modestas ganancias del Dow Jones. Acciones de Cyber Monday, como Affirm y Shopify, destacan. Noviembre cierra fuerte, con traders atentos a datos económicos y comentarios de la Fed. Inversores de FTX demandan a MLB, Fórmula 1 y el equipo Mercedes de F1, acusándolos de contribuir al fraude de $11 mil millones. La demanda se extiende a celebridades que promocionaron FTX, cuestionando el rol del marketing deportivo en la crisis. Steve Schwarzman de Blackstone Inc. busca oportunidades en el mercado inmobiliario europeo, con enfoque en centros de datos y viviendas estudiantiles, y ve al Reino Unido como un punto clave de inversión, impulsado por una desaceleración en las subidas de tasas.

mlb wheel fed f1 shopify cyber monday ftx reino unido acciones affirm dow jones inversores steve schwarzman

Blackstone CEO Steve Schwarzman Talks Real Estate Deals

europe bloomberg blackstone real estate deals steve schwarzman

Play Episode Listen Later Nov 27, 2023 7:19 Transcription Available

Blackstone chairman, co-founder and CEO Steve Schwarzman says his firm is eyeing opportunities in real estate across Europe. He spoke about that and more with Bloomberg's Francine Lacqua. See omnystudio.com/listener for privacy information.

Bloomberg Surveillance: Equities Outlook for 2024 (Podcast)

Bloomberg Surveillance

Play Episode Listen Later Nov 27, 2023 37:47 Transcription Available

Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says the path for equities is higher in 2024. Dana Telsey, Telsey Advisory Group CEO, breaks down record-high Black Friday sales. Aaron David Miller, Carnegie Endowment for International Peace Senior Fellow, discusses the latest on the Israel-Hamas war. Torsten Slok, Chief Economist, Apollo Global Management, says the Fed's rate policy is leading to a gradual slowdown. Steve Schwarzman, Chairman & CEO of Blackstone Inc., says his firm has seen a bevy of buying opportunities in real estate across Europe. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance Full transcript: This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan Farrell and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business App. We begin the program with Lori Cavasina, head of US ecority Strategy at RBC Capital Markets. Lori, good morning. We hope you all had a wonderful Thanksgiving. I want to kick off with your call fifty one hundred for five thousand rather year rent on the s and P five hundred for next year Deutsche Bank going one further, a fifty one hundred, Lurie talk to us about the path to five k. Well, thanks for having me as always, and look, you know we purposefully did not put out you know, we see a near term pullback and a resurgence. I think a lot of people got caught in that trap in twenty twenty three calling for a near term pullback in the first quarter that didn't end up happening. I do think we'll be watching our sentiment indicator very closely. It's been the best star in the sky to navigate the equity market this year, but it's also round tripped a couple of times. It started out giving you a screaming by signal because of deep pessimism. Return to that post. SBB gave a sales signal in August and then gave a by signal again in November. So I think we're going to have to just be very tactical in that. You know, I have been telling people November is very consistently a strong month, but December is a little bit more hit or miss. So we'll see if we end up getting the Santa or Grinch in December. But I do think the path for equities is higher next year, and if we do have a bit of a short term pullback either in December to start the year, I expect it to be temporary. Llurie Goldman Sachs had a note thanks zero Edge for this on sales girls looking out two years twenty three, twenty four to twenty five and the difference between them magnificent seven with eleven percent sales grows versus the SPX four ninety three of three percent sales growth. Why would anybody sell the magnificent seven right now? I think it's a great question, Tom. When we look at our indicators and we look at the megacap growth trade broadly, it looks crowded. If you look at the weekly CFTC data on Nasdaq one hundred futures positioning, we're basically close to peak valuation and growth relative to value. If you look at the rustle one thousand on a weighted PE multiple, which is going to be very heavily influenced by that magnificent seven. And if you look at earning's momentum, we're still seeing better earnings revision trends and growth and value, but value is starting to catch up a little bit, so we are seeing that leadership on the earning side fade a little bit. All of that tells me that there should be a pause in growth leadership at some point. But I think one of the reasons people can't really permanently quit these growth stocks is kind of hitting on exactly what you said, the idea that there will be superior growth there over the intermediate term. And if you look at GDP forecasts for next year one percent in real terms anticipated by the street one point eighty percent in twenty twenty five. When we're in a sub two percent GDP environment, growth stocks usually do outperform because economic growth is perceived to be scarce. So I do think there is a real tension. You know, we still like the tech sector even though we have these shorter term tactical concerns on growth, had those tactical concerns on growth frankly for a while, and they've yet to really materialize in a big way. And I do feel like you may need to see a real ratcheting up of GDP expectations before you can really see growth loose some of that leadership dominance. When you talk about sentiment and how really that's been the loadstone for you, it's figuring out where is investor sentiment em betting against it? Am I correct? Basically? You know, one of the things I've learned over my career, Lisa, is that when everybody is really really pessimistic, that's usually a fantastic time to buy. If you look at when the AAII net bullishness indicator is, you know, sort of one standard deviation or two standard deviations below the long term average. I forget the exact stat, but it's in the eighties in terms of the percent of time that you're up twelve months later. And you see similar stats if you look on the flip side when people are overly enthusiastic. Now, if you're above one standard deviation on extreme optimism, you still tend to see like a five percent gain over the next twelve months. So it's not necessarily a washout, but it does tell you that you tend to see consolidation. You do tend to see some choppier markets, And I think that's why it's so important, Lisa to really prioritize data over narratives. I know a lot of strategists like to tell a great story and then they go out and put together their charts to try to fit whatever narrative they're pushing out there. But I really think that you have to stick to the data, and things like that centiment indicator will keep you into falling into consensus traps. Again, everybody just sort of gloms onto the same narrative and things get too extreme. Well, the narrative that we've been hearing again and again is five thousand on the SMP going into next year at least, if not more, And there has been a sort of boom and optimism that we've seen. Does that mean it's time to start taking some chips off the table and to be a little bit less optimistic or does this mean that finally you might see some of that cash at record levels going into the equity market. Well, it's interestingly so you know, everybody wants to sort of talk about this idea, and this is maybe on the more barish side of the table that bonds look more attractive than stocks and the earning shield has collapsed relative to the bond yield, and all that is true, But if you actually go back, there have been periods in history when equity investors or investors in general have taken up both their equity allocations and their bond allocations at the same time. So I don't think it's unheard of for both to do. Well, you know, five thousand, it's starting to be a number we're hearing a lot. I think we were maybe the second person on the cell side that had it when we put ours out, but you are starting to hear about it. And I think ten percent is usually a reasonable place that a lot of strategists start, we do have one model that can take us up to fifty three hundred, and that's looking at our valuation work and earning's work. And I will tell you, Lisa, like and as I was putting the report together, you always think about kind of where did you go wrong in the past year. I was more optimistic than most, but not optimistic in the end. And that valuation model was the one thing that was telling me all year to look for forty seven hundred, forty eight hundred on the S and P it's pointing to forty seven hundred on the end of the year. Now twenty twenty three one point it was saying forty eight forty nine. So I do think you have to have a little bit of humility when you look at these forecasts. We look at a bunch of different models. We take the median. Some are more constructive, some are less. But I do think we do have to pay attention to that bowl case setting into next year, because so it's really what works this year? Does that mean a banner? Kelvistin says fifty three hundred. I'd like we could go there quite I think we stick with five K. I just wanted to jump in when you were putting this together. Surely five K was something like twenty percent upside of the time. So you know, John, I started back in October pricing the models, and we actually published a report in October where we said we're not going to do our target yet, but here's what all the models are showing. And back then we were getting, you know, more a little bit of a more subdued number because we had a lower starting point, so we did price everything. As of mid November, I think a lot of our models we froze as November fifteenth, November sixteenth, so we really are kind of getting sort of a true ten percent from current conditions as of mid November. Basically, when I do this, John, I go into a black hole for a few days, don't answer my phone, don't answer email, and don't talk to anybody, and update all at once. So well, welcome Bocasta the black hole, Laurie. We're happy to see you, Lori Cavasena. Obviously, Capital Markets, there's no one better to speak to on this. As if you stand at the four corners of fifty seventh Street and Fifth Avenue, the Dana Telsea is a child gazing upon Berg Dorth Goodman and across the street to Tiffany's and where Louis Vuton is now when there's some other unpronounceable I can't afford store on the other corner. Telsea joins us now CEO, chief Research officer of her Telsey Advisory Group. You got this right. A lot of people got this wrong. How did you expect this optimism that we come out of the season. Well, thank you very much for having me, and hope you guys had a great holiday. Here's I think overall, keep in mind we did have a barrage of earnings reports all talking about the cautious consumer inventory levels are lean. Promotions were in place thirty to forty That isn't outstanding, that isn't going off the rails. In terms of level of promotions, they were definitely clean. What you saw in terms of traffic, look at the Lululemons, the bathroom, body works. Macy's had more traffic than what you had at Nordstrom, and off prices like TJX had a ton of traffic. And the teen retailers picked up the reason why, value and innovation. If you add value and you had innovation, the consumer was coming So look at Uggs and Hoka where there was innovation. You look at the value on the pricing. It meant something. But we have a long season coming up now. Christmas is on a Monday. Watch that weekend before Christmas. Because procrastinators, it's their choice of when they want to spend. Just let's build them that this idea of watch what happens later in the season. Are you saying that you suspect people brought forward their shopping much more than they had in the past because they are being cautious. So the numbers are inflated to represent that more than just excessive spending altogether. Yes, I think. You look at the savings rate which has come down, You take a look at delinquencies which have gone up, and you look at what's happened with the pattern of promotions. It began in October, So with Amazon Prime Day in October their second Prime Day, you had a pull forward of what the promos were, and of course online is going to be strong. Stores are no longer open on Thanksgiving Day? So what did people do? They shop with their phone? Mobile mattered? Well, this really raises this question. Is it the modality of shopping that matters? Right now or is it the type of product mix that matters right now? And I'm curious, can you parse that up? Is it just online shopping or is it the products that people are getting online. It's the products that people are getting, and don't throw out the stores. The stores matter, the engagement that people have, the social interaction. So many companies in twenty twenty three came out with new store formats. You look at on mall and off mall, they both won and even outlets are strong. And that measure for value, where's the best total return of twelve months? You and Joe Feldman they're not on speaking terms on this, but the basic idea of which kind of retail and which individual stock is the best possibility off price I think is going to win over the next twelve months. TJ Max, would you off price? Off price? Not luxury, different world, it's off price. It's the TJ max Is of the world, the Burlington's and the Ross stores. Why they're getting the benefit of a trade down. Look at what you just saw in their results last week when they each delivered same store sales of at least five percent, when you typically these are three percent same store sales increases. They're getting the benefit of the trade down. There's been a heritage of Tjmax executing what's the secret sauce that makes them do that? The experience of their buyers. They know how to buy, They have their relationships with brands. Brands like being in their stores and they sell through and don't forget their locations. The description that you're painting of the American consumer is not that positive. It's one that is trading down. As you said, it's one that has caution that might not show up in force before that Monday Christmas. So where are we in this cycle, right? I mean, is this a matter of people running out of money or is it just them saying, well, we've been spending a lot recently. We probably should be a little more prudent. They had more money two years ago with the stimulus package during the pandemic. The load to middle income consumer is battered right now by higher interest rates. Even though inflation's moderating, it's still a higher price than it was in the past. And even you take a look at the luxury consumer, you need the feel good factor. With the geopolitical issues going on, the macro headwinds out there and the volatility the stock market, it makes it more challenging. So that's why experience. Look at the tailor swift concerts over the summer, what people are willing to spend on. Give them something innovative, they'll be there. So what does it say about the trajectory of the consumer and how people are going to be spending. Is it the beginning of more pain or is this basically the bulk of it. I think this is in the middle of the pain that we're I think the focus on essentials is right there. I think you need newness in order to drive demand. And even though the labor market continues to remain very good, the watchwords are out there and saying what's it going to look like? And inventory is cleaner, so you don't need to promote as deeply as you had in the past. Look at what's happening with the department stores. They're ordering more cautiously, and why are they ordering cautiously if they don't feel the demand is going to be there. They'd rather sell at full price than markdowns. And your most profitable markdown is your lowest markdown, not your greatest markdown. Toughest job in retail this year is a guy named Sabata Dico at Gucci absolute toughest, toughest job. Dana Telsey on what Gucci's going to do right off that corner of Fifth Avenue and fifty seventh. I think they're going more basic than they've ever been before. Absolutely, they're going away from what the idiocy was for three years. Yeah, the mismatching of the three years is all about matching now and it's about safe. They're going back back to their archives and seeing what can they reinvent and updated proof that we want that. Is there a proof that will sell to the Chinese? I think there's some proof it will sell to the Chinese, But we're not seeing the Chinese travel yet. We need them traveling to really drive demand. And don't forget you're seeing the local Europeans slow down. Also, what do you make of the buy now, Pay Later and we were hearing that it's actually picking up. Do you buy that? Do you think that this is a positive sign for the retail world or is it a negative sign that people are just basically turning to leverage. People are turning towards leverage. When buy Now, Pay Later first came out, it was a huge event. A huge development because it got younger people and frankly the millennials to spend. I think now that it's been around for a few years, if they can't pay on time, they're willing to delay and frankly be able to extend what their payment terms are. Is it changing charge cards? I mean, is buy now, pay later changing the charge card business? Not what we've seen. It didn't take off tremendously. It took off with a certain graphic and those are the millennials single best buke go. I think that it's going to be TJX. I think TJX is going to be the winner for Holiday in twenty twenty four. Dana, thank you for the brief. Dana Telsey with Telsey Advisory Group. Here we have seen far too much of him. He is an expert on turmoil, war and terrorism. Aaron David Miller with a continued brief, Senior Fellow Carnegie Endowment for International Piece. Aaron, just let me just cut to the chase. If we get out to a point of negotiation from where you sit, is there a hamas to negotiate with? Now there is, and the cutteries and the Americans are validating Hamas's effectiveness. The three of you are better analysts than I am, because you've i think, identified the core questions. There's growing daylight. The world is mad at Joe Biden, even though I think frank his own party's mad at him. There's a degree twenty five years at Department of State, I've never seen, never the degree of dissension and vocal opposition to an administration's policy from inside the foreign policy and national security space. On one resignation, but an extraordinary amount of noise. I think the President Frankly handled this pretty effectively. The Israeli Lebanese border is relatively quiet. The fears of escalation into a regional war which could produce plunging financial markets and rising up prices. So far that's been avoided, And you're right to focus on ostages, but I think the deal is very clear. I'd be stunned, frankly, if this humanitarian past collapsed. Hamas is trading hostages for time. They're hoping that the hostage families inside of Israel will continue to pressure the government in order to redeem all of the hostages that have not been The Arabs are angry, and THEWS earliers are going to face probably in the next week. If the ten hostages for a day of quiet, which is the offer on the table, If Amas accepts that doesn't add requests for more Palestinian prisoners, you could get another week out of this. But at some point the Israelis are going to want to resume in their ground campaign, and at that point, I think you're going to see growing awkwardness and uncomfortableness, maybe even tension in the US Israeli relationship. There's daylight between President Biden and some of his own members within his party, within his team that he has surrounding him. But he also reportedly has expressed concern about the collateral damage, about the civilians who have gotten killed, the incredible number, more than people had originally expected. How much is that going to lead to pressure in a new way that Benjamin not to Yahoo, who is not exactly popular at home, we'll have to listen to. I think that's the core question. President persona alone among modern presidents, he considers himself part of the Israeli story and is preternaturally his emotional support for Israel literally is impressed on his DNA. The politics. As you point out, he has to be concerned about rising the rising type opposition the Democratic Party, but the Republicans, who have emerged as the sort of Israel right or wrong party, are also waiting for him to pressure the Israelis so that they can pressure Joe Biden. And finally, there's I think the president's realization that he doesn't have many good answers to the two or three critical questions that the Israelis are facing with. How do you prosecute a ward to eradicate Hamas without an exponential rise in Palestinian desks? How do you surge humanitarian assistance into a war zone? And finally, what do you do about the proverbial day after its weeks and months after? So I think part of the reason he's reluctant to press the Israeli's hard so far is because he doesn't have better answers for them these core questions. Aaron David Miller a student of this, with your books back thirty years, don't go out thirty years for but I'm going to give you five years or ten years forward. Is our relationship with Israel irrevocably changed? A fascinating question. The headline would suggest that generational changes in voter constituency in Congress. The growing divergence between United States and the values proposition that Israel is a liberal democracy more or less seeking the same things that we do, and growing policy differences suggest that, yeah, there is a lot of fraud tension in this relationship. Whether it's a headline or a trend line, that's the key issue. I suspect that the operating system that has kept the US's a Reeli relationship pretty much very close together is going to continue for quite some time. But again, we support Israel because it's an American interest to do so, and because it reflects American values to do so. When those things change in the face of our right wing Israeli government that's pursuing opposite policies both at home and with respect to diplomacy on the Israeli Polish Ennian issue, then I think the US is really relationship will begin to change. That tension is continuing to build. And thank you so fantastic to hear from you, Aaron David Miller. There of the kind of endowment for international pain. Torsten Sluck He's chief economist at Appalled Global Management and writes a piercing short note each morning and here he hearkens back to the skeletons in the closet, the worries that those older have about is this time like well, try nineteen seventy two, Is this time like a nifty to fifty or the point where Polaroid and Xerox were one of the five Magnificent five that we're out there, Doctor Slock joins us this morning, I loved the equal multiples. Now with nineteen seventy two, I believe that ended ugly. Do you take that over to an analog that this will end ugly? Well, we still, of course have to wait and see exactly how AI will be used, and no one really knows how it'll be implemented, and how much productivity we'll get out of it, how much more consumption or welfare overall. But the bottom line really is what we can track is the valuations, And what I did right in the note today is exactly that the valuations and the trajectory is beginning to look quite similar, including the levels we're at with the pe for AI stocks or the Magnificent seven. Now at above fifty on a trailing basis, it does make you wonder a little bit whether this is indeed going to have a different story compared to what we've seen before, or whether this is actually going to be similard some I mentioned Tom Galvin years ago at Donald sim Lufkin Generator was very top line sales specific. Are we going to have the nominal GDP to support the magnificent seven even if they level out, or to bring the breadth up in a good market. Well, the problem is that the SMP four ninety three has basically been flat for the last year. So the conclusion is that so far all the market gains have been driven by this handful of stocks. So that of course also should bring us all to the discussion, Okay, is this sustainable? To what degree? Is this something that is a good representation of the oral index? If you really end up just buying into one simple story, namely AI, which is the reason why a lot of people are focused on the consumer to understand exactly where we are in this spending picture. And I want to go back to what we really began with this idea of are we seeing sustained sales and a sustained strong consumer or are we just seeing these shifts underway regardless of who ends up benefiting the most. But shifts underway. That represents strength in pockets in the overall picture. Yeah, and absolutely, I do think that it's clear that the shifts have been towards services. So that's why goods have generally been slowing down. Another strength point, as you're pointing out, is that we've also seen strengthen online. But if you really back up and look at the data for how is the consumer doing. Well, we just heard your previous guests talk about trading down. If you look at the language rates for all the loans have been going up, the language rates for credit cards have been going up. We're seeing across the board the level of interest rates are beginning to bite harder and harder and harder on consumers. So the conclusion, of course, is that the FED is actually achieving exactly what the textbook would have predicted. Namely, the slowdown might not have been as fast as we all thought just a few quarters ago, but it is still playing out. The slowdown is here and it will continue. We still have the worst ahead of us. It is the case that monetary policy is biting continuously also going forward, what's the distance between goldilocks and a full blown recession. Well, the runway that we are on here for slowing the economy down. From a FED perspective, certainly is that inflation is coming down. The labor market is also gradually coming down, and we got to get a soft landing not only in invasion but also the labor market. But we begin to see that on a plant rate has gone up from three point falls now at three point nine. That's create a lot of discussion about the PSAM rule and to what degree that's an indicator of a recession or not. But the conclusion to your question, Lisa is I do think that we should view this in the broader context of what is it the FIT is trying to do? And the FIT is trying to slow the economy down. That's why they raise interest rates, they raise interust rates because they want us to buy fewer costs fuel wash us fuel refrigerators, let's furniture, let fewer iPhones, and because of that we should over time continue to see that process play out. There is a real tension right now, and I see this under the notes underpinning the notes calling for five thousand or fifty one hundred on the S and P by the end of next year, which is how the federal respond to the slowdown that they wrought that they wanted to see. Will they cut rates aggressively just simply because they're tightening the screws at a faster pace as growth slows. Do you buy that they will do that even if it keeps perhaps the economy flow and prolongs this period of disinflation. This is a really important discussion in teams. In M language, we are looking at the tailor rule. How much weight do they put on inflation? How much weight do they put on the labor market. So far, all the weight has almost entirely been on inflation. And the question is next year, once inflation does get closer to two, will they begin to shift their attention over towards the label market? In other words, are the coefficients changing so that we put more weight on the label market. Now that the labor market is beginning to show some signs of weakening, I appreciate that jobless claims are not slowing, but the work week is coming down. If you look at job openings is coming down. A number of indicators are suggesting that label demand is weakening. So I do think that they will begin to shift away from focusing purely on inflation to begin to focus. Also more on the label a slock rule. It's like the tailor. I'm inventing it right now. Focus the slock rule. Look for this. The slock rules is three months moving average and non farm payrolls. What statistic do we need on a three months moving average of non farm payrolls? Where we make the great tailor to slock shift. See if you look at your latest number for a non found it was one hundred and fifty thousand. If idays one eighty eight two, and if I type Ecoco on Bloomberg, I will see that by second quarter of next year, non found paybrows will on average fall April, May and June be thirty five thousand. So now goes not wondering, thirty five thousand, So that is not wondering. That's the average, So that can have some fluctuation. I was not wondering. I always say this and p going to trade. If we get thirty five thousand and non fund payrose, what if it even goes below zero? The risk is here that we may have a runway and the lack of effects of Martins hear pology essentially beginning to be a big a trag on growth. Adobe just out Amy, Thank you so much for this. This is Bramo spending this weekend. Adobe a twelve billion to twelve point four billion Cyber Monday spend last year was eleven point three billion. But to your distinction, that's cyber that's just we're parsing out how all of us are glued to Amazon and it's cyber Monday today, let alone all the other spending that we've seen over this period of time. Really, I mean, honestly, the distortions have been incredibly difficult to really pick up on, which is the reason why I'm listening to what you're saying toward Sten, this idea of the labor market weakening and the FED maybe responding to that, and I'm thinking about, well, people still have money to spend, Their real wages are actually going up, and oh yeah, this is a job full recession that people are accepting. This is what they say, right, that people are hoarding labor, this is a new world. Do you push back against that? Well, there is in your weekend reading from the Fed the working papers that write about this. There is some debate between the Boston Fed, the San Francisco Fed, the New York Fed, has also written about this. The Board of Prominence has also written about this. The key issue still is it's very clear that we are ultimately running out of savings, excess savings in the household sex. So the question is some people view that has already happened, other view that's about now, other view that may only happen in the next few quarters. But the trend is very clear. The fit is getting what they want. They want a slowdown, and that's why you will also madly get excess savings running out. And let's not forget student dont payment started on the first of Octoba. That's why retail sales for Octoba was readtivy week. If we put all these things together, I still think that the slowdown continues. Deutsche Bank put out a forecast for one hundred and seventy five basis points of FED rate cuts next year. Is that feasible with the recipe that you just put out there. Well, that does require, of course quite a hot slowdown in the economy. That certainly requires a recession and a hot landing. The question is that's not what the contentious is expecting at the moment. But it's clear that if we do get a shop all slow down, and that is also what the contentious is expecting. It's just above ceral DP is expecting it below zero. Both scenarios make sense on their own, but the conclusion still is we still have more downside risk from where we are at the moment. I got to go back to your day job a couple of years ago before you got this easy slog with Apollo, and that was a Deutsche Bank Rischie Senak, the Prime Minister told our Francine Lacroix adamantly he is not prescribing austerity. You and folk arts Landau live this at Deutsche Bank, of the continent of Europe and of the United Kingdom. Is there a risk they slip into an incorrect austere policy. Well, the problem is that both the UK and EU have some same list of problems at the US broadly speaking, and then have some addition. We stimulus. We did a lock in New world stimulus. They're stuck in the old world. Isn't that simple? Well, in some sense, fiscal policy is certainly very different. In the US. It was much more aggressive than what it was in the UK and Europe, and in that sense, all the rules that in particular the growth constability plaque in Europe but also in the UK have certainly played a very critical role in why fiscal policy has been very different in the UK relative to the US. The fiscal policy will be more expensive than perhaps some people would say given where rates are. That's what we saw from Germany and the recent prognostications over there. Do you think auctions matter? I do think auctions matter a lot. And as you know, as you just talked about two year, three year, a five years and seven year this week is very important. And if you go also and look at the auction sizes over the last several months, they have gone up and as they continue to go up. The risk really here is that short rates may eventually come down, but we may have a steepener because long rates may potentially not come down as much because now we are dealing with this supply issue that potentially to put up what pressure and limit how much of a time we can get in loong rates. Let's revisit a banner from two hours ago. Outnumbered again, Pharaoh gone slock here. Auctions matter two, No one cares one. I think we were at two before. Now I think we're at three. Yeah, you know, it's just so it's like three to one is how we're going to take that matter. It depends if you care. I care auction a few weeks ago with a matter quite alone, Yes, exactly. Thank you doctor, Please of the tursen go away at least till next week by Steve Schwartzman of course Blackstone. Steve, thank you. You were just on stage with the Prime Ministeryunak. How much are you putting in the UK? What are you most excited about when it comes to the UK growth. Well, we've been putting a lot of money into the UK. First of all, we're doing our headquarters building here, which is very significant size building. It will be the largest built in the Mayfair area in the last several decades. We bought two companies in the last two weeks in the United States in the UK, and you know we have a total of seventy billion pounds that's close to ninety billion dollars of investments in the UK with thirty seven thousand people working in these companies in real estate. See what stands out as the biggest strength actually for the UK. So there are many questions. There was an autumn statement we're not sure how they're going to fund some of the tax cuts if they continue down the road, and we don't know if the Conservatives are in power in twelve months. Well, the big advantages of the UK are the English language, the rule of law. They have a terrific university system, they have a great life science areas. They're the number one tourist area in Europe, which actually I found surprising, and so they have a lot of pockets of strength. They've been through a complex time politically, but if you look longer term, the rule of law in the UK is very strong. Their regulatory posture has been quite consistent over time. But we forget that these are good things and not all places in the world have them, and so I think I'm not an expert on the UK, you know, sort of laws in the sense of what they're doing politically. I think their autumn statement on balance, which was stimulative, is and necessary thing for their economy. And they have a much more open approach to immigration at the top levels of education, which is good for helping to power an economy. So I think there's some interesting things going on here. Steve, what can you tell us about private market valuations at Pe firms? So in general. Do you see LPs actually demanding more information on marks and more reporting requirements and evaluation. Is that something that's shifting. I don't see a big set of enormous concerns on that. What always happens at this stage and the cycle, you know, when you go to very high interest rates and the world sort of starts slowing down, is that deals slow down. So for l P is their biggest concern is they're not getting capital flows back that they normally were depending on. Just people aren't selling assets. These types of cycles always end and things returns to normal. It's quite interesting that, you know, we just did two deals in the UK in the last two weeks, one in the affordable in what they call social housing area, one in computer software. Both are million billion dollar, two billion dollar type deals. We're doing a number of things in the US now, some of which have been announced, some of which haven't. We just were involved with a situation in Norway that's twelve billion dollars. So the deal business is not totally in mothballs, and these things start again, and I think we're more on that side of the cycle. Although it has been you know, somewhat dreary for a year in terms, for example of real estate, I think you're raising an opportunity to stake funds ten billion. How's that going, Well, we're raising money for a European fund. Actually, we're always raising money for a lot of funds for ran scene, and you know, we're gone through a big fund raising cycle. So we have over two hundred billion dollars. It's one of the biggest pools of uninvested capital in the world and that will be deployed in due course. Interestingly, in real estate, which you just asked about, we're seeing a good deal of volume of buying things in Europe because European real estate is under pressure in large parts because interest rates were so low here for so long. Sometimes in countries they were negative, so the barring costs to own real estate were next to nothing, and now it's closer to six percent. So if you have to carry a whole portfolio that used to cost you next to nothing at six percent, they need to sell things, you know, it's necessary to just hold their other properties. And so we're seeing some very very good buys in that kind of environment because unlike most people, we have enormous capital and can buy the types of real estate that we like, whether they're data centers, whether they're warehouses, whether they're student housing, where those sectors have done very well. See what can you tell us about great? So, have you seen any redemptions in that? How's that going? It breaks greats? How do you say b r e it t you say b reat Yeah, Well, those those redemptions have gone down. You know, they're I think forty or something like that of what they were a year ago. And so that that pool of capital is actually doing quite well compared to almost all of the real estate, and so you know, we look forward to that sort of ultimately going back to a very normal kind of world. Overall. Does UK politics seem benign compared to the US, but also what we saw in the Netherlands, well, you know, commenting on politics of other countries, let alone our own, which has a sense of drama and you know sort of incredulity is outside of my remit fair Steve Schwartz with a thank you so much. As always, Steve also has to get to another meeting right here, because people are coming and going in all the corridors of course of Hampton Court Palace. John subscribe to the Bloomberg Surveillance Podcast on Apple, Spotify, and anywhere else you get your podcasts. Listen live every weekday, starting at seven am Eastern. I'm Bloomberg dot Com, the iHeartRadio app, tune In, and the Bloomberg Business app. You can watch us live on Bloomberg Television and always I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloombergSee omnystudio.com/listener for privacy information.

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Billion-Dollar Mindset: Navigating Today's Hospitality Investment Landscape - Richard Fertig, Stomp Capital

Hospitality Daily Podcast

Play Episode Listen Later Nov 19, 2023 22:47

Richard Fertig is the Founder and Chief Investment Officer of Stomp Capital and in this episode, shares the lesson that billionaire investor Steve Schwarzman shared with him when he was the first person recruited into Blackstone's Alternative Asset Management group early in his career. You'll hear what's going on in the investment landscape today, thoughts on mitigating risk and identifying opportunities, stories of anticipating market trends and creating value in investments, as well as what might be ahead for the hospitality industry. This show is not investment advice, and in full disclosure, I'm an investor in Stomp Capital's fund, but I've learned so much from Richard over the years and think you'll find his observations insightful wherever you are in the hospitality ecosystem.Links: Follow Richard on LinkedInLearn more about Stomp CapitalVisit Richard's YouTube channelRead: How a former globe-trotting hedge fund manager now provides bespoke hospitalityListen: Sparking Creativity through Travel: The Power of InspirationListen: What I Learned Traveling EuropeWhat did you think about this episode? Join the Hospitality Daily community on LinkedIn and share your thoughts. If you care about hospitality, check out the Masters of Moments podcast where Jake Wurzak interviews top leaders in hospitality. His conversations with Bashar Wali and Matt Marquis are a great place to start, but also check out his solo episodes such as how he underwrites investment deals and a deep dive into GP fees you know about. Music by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

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Unlocking Potential with Adam Grant & Building Community with Adam Neumann 10/25/23

Play Episode Listen Later Oct 25, 2023 37:10

House Republicans have settled (for now) on another nominee for Speaker: Rep. Mike Johnson (R-La.). A bipartisan group of 42 attorneys general is suing Meta, alleging that its apps are addictive and aimed at their youngest users. Wharton Professor, author, organizational psychologist, and “Re: Thinking” podcaster Adam Grant discusses his new book, “Hidden Potential.” He shares his advice for unlocking talent in ourselves and others, and offers a different metric for measuring success. WeWork's former CEO Adam Neumann is in Riyadh for Saudi Arabia's Future Investment Initiative. Having grown up in Israel, Neumann shares his grief for his home kibbutz, among those attacked in the Israel-Hamas War, and explains the role business can play in building a community to contribute to peace. Plus, where are you most productive? Blackstone's Steve Schwarzman says remote workers are literally and metaphorically phoning it in. Adam Grant - 17:29Adam Neumann - 27:35 In this episode:Adam Grant, @AdamMGrantAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie

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BONUS: Dimon, Solomon, Fraser, Fink, and More

Play Episode Listen Later Oct 24, 2023 71:11 Transcription Available

Top Wall Street bankers said they're pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment. Ray Dalio, Jamie Dimon, Larry Fink. Jane Fraser, Noel Quinn, David Solomon and Steve Schwarzman spoke to Carlyle Group co-founder David Rubenstein at the Future Investment Initiative in Riyadh, Saudi Arabia. See omnystudio.com/listener for privacy information.

middle east saudi arabia fraser fink ray dalio riyadh jamie dimon larry fink carlyle group david rubenstein dimon david solomon jane fraser steve schwarzman future investment initiative

Blackstone CEO Talks Rates, Economic Outlook

bloomberg rates trillion blackstone ecb economic outlook schwarzman steve schwarzman

Play Episode Listen Later Sep 19, 2023 13:56 Transcription Available

Blackstone Chairman & CEO Steve Schwarzman discusses ECB rates, Blackstone being the first private equity firm reaching $1 Trillion in assets under management, and the economic outlook of the U.S. Schwarzman spoke exclusively to Bloomberg's Dani Burger from the IPEM conference in Paris. See omnystudio.com/listener for privacy information.

Squawk Pod Reports: Blackstone's Steve Schwarzman 8/04/23

Real Relationships Real Revenue - Video Edition

Play Episode Listen Later Aug 4, 2023 25:10

Blackstone CEO Steve Schwarzman sits down with Becky Quick in a conversation only available in its entirety on Squawk Pod. The private equity giant discusses politics, China, and the global economy. As head of a firm with $1 trillion under management and as a previously important donor for the Republican Party, Schwarzman weighs in on the U.S. economy, and the current state of Washington. In a wide-ranging conversation, he discusses AI and market opportunities in the future. In this episode:Steve Schwarzman, @blackstoneBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie

ai china washington reports republican party blackstone squawk schwarzman steve schwarzman becky quick

“Hidden Genius” Lessons: How to Grow Your Relationships and Book of Business with Polina Pompliano

Play Episode Listen Later Jun 20, 2023 57:06

In this episode of Real Relationships Real Revenue, I sat down with Polina Marinova Pompliano to talk about her new book Hidden Genius and how she takes the biographies of the most successful people and weaves them together into themes so that we can learn from the best thinkers of the world. Polina Marinova Pompliano is the author of HIDDEN GENIUS and the founder of The Profile, a media organization that studies successful people and companies. Previously, she spent five years at FORTUNE where she covered technology and venture capital. As the author and editor of Term Sheet, FORTUNE's industry-leading dealmaking newsletter, Polina interviewed the industry's most influential dealmakers, including Melinda Gates, Steve Schwarzman, Chamath Palihapitiya, and more. Topics We Cover in This Episode: Polina's journey to where she is now Why Polina has a fascination with learning from other people The importance of mental toughness when striking up relationships with new clients The personification of pain and how it can help us grow How we can reframe our thoughts on failure The power of taking action and reaching out to people, despite your fear Tips for creating healthy relationships Why it's the mundane things that make your life extraordinary Little things you can do for your clients to keep the magic alive Why it's the motivation behind your actions that really matters when it comes to building relationships The difference between an audience and a community Ways to create your community The systems that Polina uses to capture and catalog everything that she learns Why you should tie your identity to your own name only How Polina handles her setbacks I hope you enjoyed this conversation with Polina! Her desire to learn is incredible and she has so much valuable advice she can share because of it. I highly recommend you check out her book Hidden Genius so that you can learn more from her and the best of the best. You can also check out her website here. If you want to get a copy of the Grow Big Playbook, you can get that here. Resources Mentioned: Visit The Profile website Check out the Hidden Genius book Get a copy of the Grow Big Playbook Follow Polina on Twitter

relationships lessons tips fortune hidden genius profile melinda gates polina chamath palihapitiya term sheet pompliano steve schwarzman polina marinova pompliano topics we cover

“Hidden Genius” Lessons: How to Grow Your Relationships and Book of Business with Polina Pompliano

Real Relationships Real Revenue - Audio Edition

Play Episode Listen Later Jun 20, 2023 57:06

In this episode of Real Relationships Real Revenue, I sat down with Polina Marinova Pompliano to talk about her new book Hidden Genius and how she takes the biographies of the most successful people and weaves them together into themes so that we can learn from the best thinkers of the world. Polina Marinova Pompliano is the author of HIDDEN GENIUS and the founder of The Profile, a media organization that studies successful people and companies. Previously, she spent five years at FORTUNE where she covered technology and venture capital. As the author and editor of Term Sheet, FORTUNE's industry-leading dealmaking newsletter, Polina interviewed the industry's most influential dealmakers, including Melinda Gates, Steve Schwarzman, Chamath Palihapitiya, and more. Topics We Cover in This Episode: Polina's journey to where she is now Why Polina has a fascination with learning from other people The importance of mental toughness when striking up relationships with new clients The personification of pain and how it can help us grow How we can reframe our thoughts on failure The power of taking action and reaching out to people, despite your fear Tips for creating healthy relationships Why it's the mundane things that make your life extraordinary Little things you can do for your clients to keep the magic alive Why it's the motivation behind your actions that really matters when it comes to building relationships The difference between an audience and a community Ways to create your community The systems that Polina uses to capture and catalog everything that she learns Why you should tie your identity to your own name only How Polina handles her setbacks I hope you enjoyed this conversation with Polina! Her desire to learn is incredible and she has so much valuable advice she can share because of it. I highly recommend you check out her book Hidden Genius so that you can learn more from her and the best of the best. You can also check out her website here. If you want to get a copy of the Grow Big Playbook, you can get that here. Resources Mentioned: Visit The Profile website Check out the Hidden Genius book Get a copy of the Grow Big Playbook Follow Polina on Twitter

relationships lessons tips fortune hidden genius profile melinda gates polina chamath palihapitiya term sheet pompliano steve schwarzman polina marinova pompliano topics we cover

“Hidden Genius” Lessons: How to Grow Your Relationships and Book of Business with Polina Pompliano

Real Relationships Real Revenue - Video Edition

Play Episode Listen Later Jun 20, 2023 57:06

In this episode of Real Relationships Real Revenue, I sat down with Polina Marinova Pompliano to talk about her new book Hidden Genius and how she takes the biographies of the most successful people and weaves them together into themes so that we can learn from the best thinkers of the world. Polina Marinova Pompliano is the author of HIDDEN GENIUS and the founder of The Profile, a media organization that studies successful people and companies. Previously, she spent five years at FORTUNE where she covered technology and venture capital. As the author and editor of Term Sheet, FORTUNE's industry-leading dealmaking newsletter, Polina interviewed the industry's most influential dealmakers, including Melinda Gates, Steve Schwarzman, Chamath Palihapitiya, and more. Topics We Cover in This Episode: Polina's journey to where she is now Why Polina has a fascination with learning from other people The importance of mental toughness when striking up relationships with new clients The personification of pain and how it can help us grow How we can reframe our thoughts on failure The power of taking action and reaching out to people, despite your fear Tips for creating healthy relationships Why it's the mundane things that make your life extraordinary Little things you can do for your clients to keep the magic alive Why it's the motivation behind your actions that really matters when it comes to building relationships The difference between an audience and a community Ways to create your community The systems that Polina uses to capture and catalog everything that she learns Why you should tie your identity to your own name only How Polina handles her setbacks I hope you enjoyed this conversation with Polina! Her desire to learn is incredible and she has so much valuable advice she can share because of it. I highly recommend you check out her book Hidden Genius so that you can learn more from her and the best of the best. You can also check out her website here. If you want to get a copy of the Grow Big Playbook, you can get that here. Resources Mentioned: Visit The Profile website Check out the Hidden Genius book Get a copy of the Grow Big Playbook Follow Polina on Twitter

relationships lessons tips fortune hidden genius profile melinda gates polina chamath palihapitiya term sheet pompliano steve schwarzman polina marinova pompliano topics we cover

Predatory Capitalists

Ralph Nader Radio Hour

Play Episode Listen Later May 27, 2023 63:12

Ralph welcomes Pulitzer Prize winning reporter, Gretchen Morgenson, co-author of “These Are the Plunderers: How Private Equity Runs – And Wrecks – America,” where they name names in this “heads we win, tails you lose” system of predatory capitalism.Gretchen Morgenson is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on Wall Street. Previously at the New York Times and the Wall Street Journal,” she and coauthor Joshua Rosner wrote the bestseller Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon about the mortgage crisis. Their latest book is These Are the Plunderers: How Private Equity Runs—and Wrecks—America.The way corporate criminals get their way is by trying to make things too complex and too abstract for your daily lives. But when Gretchen [Morgenson] talks about these plunderers, and let's call them “predatory capitalists”, don't think that you're not being affected— whether your loved ones are patients in nursing homes, whether you're workers being laid off, whether you're consumers being gouged for drug or healthcare prices, whether your community's going to be hollowed out because the company that was doing okay was taken over by these vultures and closed down after they extracted the wealth.Ralph NaderIt's interesting now that David Rubenstein is retired [from the Carlyle Group], he's a philanthropist. This is what these wealthy people do once they've finished their careers and made so much money. They become philanthropists… We've all read about David Rubenstein and Steve Schwarzman and Leon Black and Henry Kravis. We read about them constantly. They are always lauded for their brilliance and their billionaire status. What we just don't hear about are the people on the other side of their transactions.Gretchen Morgenson, co-author of “These Are The Plunderers.”The disappointing thing about the Justice Department is that when they bring these cases against the companies that are doing Medicare fraud (like in the Manor Care situation), they don't move up the corporate ladder to the owner of the company. The Justice Department does the work on the particular company that is owned by private equity, but they don't go up the ladder. And that has a way of allowing the firms—like Carlyle in the Manor Care case— to escape scrutiny and to escape accountability. So that would be an ideal thing to change.Gretchen Morgenson co-author of “These Are The Plunderers.”In Case You Haven't Heard 1. Amid the debt limit fight, progressives are calling for President Biden to invoke the 14th amendment, which they believe would allow Biden to bypass the Republican House and raise the debt limit without concessions like adding further work requirements to public benefits. In a press conference by the Senate progressives, John Fetterman of Pennsylvania said "This is the whole reason why the 14th Amendment exists, & we need to be prepared to use it. And, if our unelected Supreme Court Justices try to block the use of the 14th amendment and blow up our economy, that's on them.” However, POLITICO reports that the administration is privately telling progressives to stand down. Instead, the White House seems more interested in negotiating with Speaker McCarthy, even if that means caving to outrageous Republican demands.2. As the Writers Guild strike grinds on – at a cost of $30 million per day according to Deadline – the Screen Actors Guild is now on the verge of their own strike. Last week, SAG-AFTRA's National Board voted unanimously to ask members for strike authorization, and the Daily Beast reported that SAG-AFTRA president Fran Drescher urged members to “make three a charm with an emphatic ‘yes' for a strike authorization vote!” adding that to do so would be “an unprecedented show of solidarity.” An actor's strike against the studios has not happened since 1980.3. Last week, Senator Bernie Sanders introduced the Healthy Families Act of 2023, which would guarantee 12 weeks of paid family and medical leave. This bill features a companion in the House, led by Rep. Rosa DeLauro, and carries the support of 122 members of the House and Senate. Sanders is quoted saying “It is time to end this absurdity...It is time Congress passed this legislation to ensure workers receive the basic dignity and benefits that they deserve.” The introduction of this legislation comes on the heels of the reintroduction of a Medicare for All bill in this Congress.4. A damning new report in the Wall Street Journal indicates that “Jeffrey Epstein discovered that Bill Gates had an affair with a Russian bridge player” and later used this knowledge to attempt to threaten the Microsoft co-founder. The report goes on to say that “at the time, Epstein was trying to set up a multibillion-dollar charitable fund with JPMorgan...[which] hinged on securing support from Gates.” When this money was not forthcoming, Epstein resorted to blackmail. This gives the public our clearest idea yet as to the nuts and bolts of the Epstein criminal enterprise.5. POLITICO is reporting on a rumor concerning Senator Dianne Feinstein, Representative Adam Schiff, and the Pelosi family. The former Speaker herself has endorsed Schiff in the upcoming California Senate primary and has long groomed him as a political protege. He currently holds a $15 million advantage over his nearest opponent. Yet, if Feinstein – who has appeared deeply addled in recent public appearances – were to resign, Governor Newsom would have the opportunity to appoint a Senator to the vacant seat, and has pledged to appoint a Black woman. Rep. Barbara Lee, a progressive Black congresswoman representing the Bay Area, is among the candidates to replace Feinstein, and would therefore have a strong chance of being appointed. Per the report, Nancy Corinne Prowda, Pelosi's eldest child, is a top aide to Senator Feinstien, and a “Pelosi family confidant” insinuated that she is angling to keep Feinstein in her seat, not for the benefit of Californians, but for the benefit of Adam Schiff. 6. The LA Times reports that “Nearly three dozen deputies have been ordered to come in for questioning, show their tattoos and give up the names of any other deputies similarly sporting ink connecting them to…the Los Angeles County Sheriff Department's…deputy gangs.” This demand came in a letter from county Inspector General Max Huntsman to 35 deputies suspected of being members of either the Executioners or the Banditos, two of the most notorious among these police gangs. Huntsman is quoted saying “The Los Angeles Sheriff's Department conducted incomplete internal affairs investigations into the Banditos and Executioners, failing to identify all members…California's new gang law addresses discrimination based on race and gender and gives inspectors general enhanced authority to collect evidence. We're using that authority to complete the investigations by directing deputies to show their tattoos and tell us who else has them.”7. The Sierra Club is currently in the midst of a labor battle. The New Republic reports that, in an attempt to resolve their budget shortfall, the group has announced “massive layoffs,” the scale of which still remains unclear. This announcement set off a “fractious battle” between the top leadership and the Progressive Workers Union, which has two bargaining units representing nearly 400 Sierra Club employees around the country. Thus far union has filed two unfair labor practice charges with the National Labor Relations Board; the first “accuses the Club of failing to provide necessary information for bargaining,” and another alleging that “management is violating its collective bargaining agreement and is bargaining in bad faith.”8. Democracy Now! reports that conservative, US-backed Ecuadoran president Guillermo Lasso has “dissolved the opposition-led National Assembly in a move widely seen as an effort to block efforts to impeach him.” Lasso dissolved the assembly as it held its first hearing on corruption and embezzlement allegations against Lasso. Lasso invoked a never-before-used constitutional power allowing him to “rule by decree” until new elections are held.9. In an almost unbelievable story, Live Science is reporting that Orcas have “sunk 3 boats in Europe and appear to be teaching others to do the same.” The piece goes on to say that scientists believe the attacks are coordinated, and began following an orca experiencing a "critical moment of agony." Further, they believe “the behavior is spreading among the population through social learning.” This is a stark reminder that we as a species impact our environment and that, sometimes, there are consequences. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

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Squawk Pod Reports from Davos: Blackstone's Steve Schwarzman 01/18/23

The Very Real Estate Effect Investing in Quebec

Play Episode Listen Later Jan 18, 2023 16:43

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they're speaking with Blackstone CEO Steve Schwarzman. A billionaire businessman, GOP donor, and China optimist, Schwarzman discusses what the end of China's zero-covid policy means for its economic recovery and the global supply chain. Plus, after three years of lockdowns, Chinese leaders are convening with the rest of the world's leaders at this year's WEF; Schwarzman offers his perspective on how the Chinese view the U.S., and how domestic issues factor into each country's respective geopolitics. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

china chinese switzerland reports gop world economic forum davos blackstone wef squawk andrew ross sorkin schwarzman steve schwarzman becky quick

Daily News Brief for Thursday, November 10th, 2022 [Daily News Brief]

FLF, LLC

Play Episode Listen Later Nov 10, 2022 13:13

This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Thursday, November 10th, 2022. Happy Thursday everyone.You magazine subscribers should start to receive our most recent copies of our Fight Laugh Feast Magazine! Issue 3.3, the Unwoke Church… speaking of which: FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://www.theepochtimes.com/georgia-official-safe-to-say-there-will-be-senate-runoff-next-month_4852696.html?utm_source=partner&utm_campaign=BonginoReport There Will Be Senate Runoff Next Month in Georgia A Georgia election official said early Wednesday that it is likely there will be a Senate runoff election slated for December between incumbent Sen. Raphael Warnock (D-Ga.) and GOP challenger and former NFL star Herschel Walker. Warnock appeared to hold a slim lead over Walker with around 98 percent of the vote counted. Warnock, however, did not reach the 50 percent threshold needed to avoid a runoff in the state. No election forecasters, including The Associated Press, have called the race. Libertarian candidate Chase Oliver garnered about 2.1 percent of the vote. If the Georgia Senate race heads to a runoff, only Walker and Warnock would remain on the ballot—and Oliver would be removed. Walker, meanwhile, appeared to be more optimistic. “I don’t come to lose,” Walker said, according to AP. A runoff campaign would be a four-week blitz that, depending on the outcomes in other Senate contests, could reprise the 2020 election cycle, when two Senate runoffs in Georgia doubled as a national winner-take-all battle for Senate control. Victories from Warnock and Sen. Jon Ossoff (D-Ga.) left the chamber divided 50–50 between the two major parties, with Vice President Kamala Harris giving Democrats the tie-breaking vote. Runoff dynamics this year would vary widely depending on the Senate makeup. If the Senate majority already has been settled, it could make it easier for Warnock to frame the race as a localized choice between himself and Walker. But if the Georgia outcome determines which party will hold a majority and set the agenda, Walker could have the upper-hand in his effort to tie Warnock to President Joe Biden and national Democrats. https://www.foxnews.com/politics/gop-candidate-unseats-house-veteran-historic-upset-dems-took-granted GOP candidate unseats Democratic leader in historic upset: Dems 'took it for granted' Democratic Congressional Campaign Committee Chair Sean Patrick Maloney was defeated by GOP nominee and State Assemblyman Mike Lawler in a historic House loss in Tuesday's midterm election. Lawler, who ran heavily on crime and the economy, will unseat the longtime congressman who was first elected in 2013, The Associated Press projects. "I think he took it for granted." Lawler said in an interview with Fox News Digital on Wednesday. "As recently as a month ago he was traveling to Paris, London and Geneva to raise money for the DCCC. He did not start campaigning seriously in the district until a couple of weeks ago." Maloney has come under fire in recent days for suggesting that families struggling with the impacts of inflation eat Chef Boyardee. These comments come on the heels of Maloney's frequent trips to high-end European cities over the summer to raise money for House Democrats. Lawler made crime a key focus of his campaign, running in a district where over half of the households have a cop, veteran or first-responder living in them, according to Lawler. Despite this big-ticket win, the upset was one of only a handful House pickups for Republicans on a night where many political analysts and polls predicted a "red wave." The balance of power in the House is still in play with many races still uncalled. https://www.foxnews.com/politics/ballot-initiatives-protecting-access-abortion-win-across-five-states-midterms Ballot initiatives protecting access to abortion win across five states in midterms Voters across the country backed a series of ballot initiatives on Tuesday protecting access to abortion. The results were largely uniform from California to Montana to Michigan. Voters backed proposals to enshrine abortion rights into law, while simultaneously striking down efforts by conservatives to restrict the practice. In Michigan, voters passed a ballot initiative creating a right to abortion within the state's constitution. The initiative, which passed by roughly double digits, according to the Michigan Board of Elections, also strikes down a 1931 law that bans abortion. Voters backed similar ballot measures in Vermont and California enshrining abortion rights into their respective state constitutions. In Republican-led Kentucky and Montana, meanwhile, voters struck down ballot initiatives seeking to restrict access to abortion. Kentucky's citizens opted against amending the state constitution to clarify there is no right to abortion or a requirement for the government to fund the practice. The initiative failed by a 52-47% margin with nearly 90% of votes counted. Montana's voters, on the other hand, are poised to reject a ballot measure codifying into state law federal protections for infants born after a botched abortion. The initiative would have defined an infant "alive" at any gestational age as a legal person. It would have also instituted criminal penalties for health care providers that did not provide life-saving care to infants born during an attempted abortion. While votes are still outstanding and the ballot initiative has not been officially rejected, opponents have a healthy lead. https://www.breitbart.com/politics/2022/11/08/2022-election-cycle-sets-midterm-spending-record-16-7-billion/ 2022 Election Cycle Sets Midterm Spending Record of $16.7 Billion The 2022 election cycle set a midterm spending record of $16.7 billion, according to OpenSecrets. The total represents money spent on both federal and state races. No other midterm election has seen as much money at the state and federal levels as the 2022 elections,” Sheila Krumholz, OpenSecrets’ executive director, told CNBC. “We’re seeing record-breaking totals spent on elections up and down the ballot.” Democrats raised over $1.1 billion from grassroots donors in 2022, double the amount of Republicans’ grassroots efforts, according to the WinRed and ActBlue fundraising platforms, the Financial Times reported. Republican PACs and committees out-raised Democrat committees and PACs by about 50 percent for a total of $1.1 billion. The Republican donors who greatly contributed to the effort were historically active GOP backers. Half of the GOP committee and PAC money came from about 10 donors, “including $77mn from Richard Uihlein, $67mn from Ken Griffin, $44mn from Jeff Yass and $40mn from Timothy Mellon. Steve Schwarzman, Peter Thiel and Larry Ellison have each given $31mn-$34mn to these groups,” the Times reported. Much of the money was spent on Senate races. https://dailycaller.com/2022/11/08/zelenskyy-negotiations-russia-economy-midterms/ Ukraine’s Zelenskyy Says He’s Open To Negotiations With Russia Ukrainian President Volodymyr Zelenskyy signaled a willingness to consider negotiations with Russia after it was reported Washington has urged Ukraine to ease up on its hard line against negotiations with Russia on Monday, according to The Wall Street Journal. Speaking ahead of his video address to the global climate summit held in Egypt, Zelenskyy laid out several conditions for returning to the negotiating table with Moscow, including respecting Ukraine’s pre-war borders, offering reparations for the damage done to Kyiv and prosecuting those who have committed war crimes, according to the WSJ. The U.S. urged Kyiv to maintain a public appearance of openness to negotiating with Russia, even while acknowledging Russian leaders will not agree to withdrawal from occupied areas of Ukraine, The Washington Post reported Saturday. U.S. leaders have reiterated that Ukraine has the final word on negotiating terms, according to the WSJ. Kyiv previously insisted no further talks could happen unless new leadership took over at the Kremlin. Encouragement to keep an open posture toward negotiating with Russia is intended to secure the lasting support of allies, officials familiar with the matter told the Post. Many governments, including the United States, face growing opposition from constituencies concerned that funding the Ukrainian resistance could deepen economic hardships as inflation refuses to let up and food shortages loom. Zelenskyy also on Monday urged “unwavering unity” in the U.S. until Ukraine sees “peace restored,” according to AFP, as the U.S. will see votes cast for midterm elections Tuesday evening. U.S. support for Ukraine could dip if the GOP achieves a majority in the House and Senate after the elections, a possibility increasingly on the table as Republican favorability rose in pre-election polls. Republicans have been more willing than their Democratic counterparts in Congress to express skepticism about the logic behind weapons transfers, and Republican voters consistently fall lower than Democrats in the opinion polls measuring willingness to support Ukraine. However, Republican leaders have doubled down on their stance in support for Ukraine. Gravity Jack: Gravity Jack is a full service digital agency specializing in the development of Virtual & Augmented Reality experiences, mobile apps, blockchain and Web3 projects. Founded in 2009 as the first American agency to offer augmented reality, they even patented it; Gravity Jack's digital experiences have been a source of innovation for small business, Fortune 500 Companies, and the US Military. Get your vision in motion at gravityjack.com Now it’s time for my favorite topic, sports! https://www.foxnews.com/sports/celtics-jaylen-brown-disagrees-terms-kyrie-irvings-return-nets-doesnt-think-hes-antisemitic Celtics' Jaylen Brown disagrees with terms of Kyrie Irving's return to Nets, doesn't think he's antisemitic Boston Celtics star Jaylen Brown said on Monday the National Basketball Players Association disagreed with the benchmarks set for Kyrie Irving in order for him to return from his Brooklyn Nets suspension. Irving was suspended for at least five games until he adequately came to terms with the harm he caused when he tweeted a link to a movie that spread antisemitic misinformation. According to The Athletic, the terms included an apology, a donation of the agreed-upon sum of $500,000 to organizations that fight hate, complete sensitivity training, complete antisemitic/anti-hate training, meet with Anti-Defamation League and Jewish leaders in Brooklyn and meet again with Nets officials, including team owner Joe Tsai. Brown told the Boston Globe on Monday he did not believe Irving was antisemitic. "I don't believe Kyrie Irving is antisemitic," he told the paper. "I don't think people in our governing bodies think he's antisemitic. He made a mistake. We understand from an outside perspective how important sensitivity is to not condone hate speech and not condone anything of that nature. "We don't want to stand up for somebody in order to not condemn hate speech, but I don't believe Kyrie Irving is antisemitic. And hopefully the NBA feels the same way." Brown said the players had "discomfort" with the rules, because the current CBA does not include exact guidelines on punishment regarding social media posts. The Washington Post’s Candace Buckner noted that Adam Silver fined J.R. Smith in the past for previous social media posts. Irving tweeted a screenshot of the synopsis of the movie. "There is an interesting distinction between what somebody says verbally and what somebody posts as a link on a platform with no description behind it," Brown said. "Some people will argue there's no difference and some people will argue there is a difference. There's no language in our CBA. There's no rules against it. This is uncharted territory for everybody. "The terms in which he has to fulfill to return, I think not just speaking for me, speaking as a vice president from a lot of our players, we didn't agree with the terms that was required for him to come back, and we're waiting for this Tuesday meeting to happen to see what comes of it." Brown and Irving are vice presidents of the players union. Irving met with NBA commissioner Adam Silver on Tuesday.

united states god american california lord house washington nfl nba speaking russia michigan joe biden european ukraine elections reading elon musk russian victory psalm jewish fortune congress virtual kentucky republicans companies wall street journal washington post democrats encouragement senate montana kamala harris democratic pope ukrainian vermont founded pac boston celtics athletic moscow nets cnbc voters gop supper kyrie irving kyiv financial times web3 brooklyn nets ballot associated press libertarians boston globe dems cba kremlin augmented reality irving us military peter thiel jaylen brown adam silver afp zelenskyy herschel walker house democrats runoff maloney warnock lawler happy thursday georgia senate pacs anti defamation league open secrets larry ellison actblue joe tsai ken griffin dccc chase oliver fox news digital national basketball players association crosspolitic steve schwarzman michigan board candace buckner russel moore raphael warnock d ga gravity jack daily news brief

Daily News Brief for Thursday, November 10th, 2022

Daily News Brief

Play Episode Listen Later Nov 10, 2022 13:13

This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Thursday, November 10th, 2022. Happy Thursday everyone.You magazine subscribers should start to receive our most recent copies of our Fight Laugh Feast Magazine! Issue 3.3, the Unwoke Church… speaking of which: FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://www.theepochtimes.com/georgia-official-safe-to-say-there-will-be-senate-runoff-next-month_4852696.html?utm_source=partner&utm_campaign=BonginoReport There Will Be Senate Runoff Next Month in Georgia A Georgia election official said early Wednesday that it is likely there will be a Senate runoff election slated for December between incumbent Sen. Raphael Warnock (D-Ga.) and GOP challenger and former NFL star Herschel Walker. Warnock appeared to hold a slim lead over Walker with around 98 percent of the vote counted. Warnock, however, did not reach the 50 percent threshold needed to avoid a runoff in the state. No election forecasters, including The Associated Press, have called the race. Libertarian candidate Chase Oliver garnered about 2.1 percent of the vote. If the Georgia Senate race heads to a runoff, only Walker and Warnock would remain on the ballot—and Oliver would be removed. Walker, meanwhile, appeared to be more optimistic. “I don’t come to lose,” Walker said, according to AP. A runoff campaign would be a four-week blitz that, depending on the outcomes in other Senate contests, could reprise the 2020 election cycle, when two Senate runoffs in Georgia doubled as a national winner-take-all battle for Senate control. Victories from Warnock and Sen. Jon Ossoff (D-Ga.) left the chamber divided 50–50 between the two major parties, with Vice President Kamala Harris giving Democrats the tie-breaking vote. Runoff dynamics this year would vary widely depending on the Senate makeup. If the Senate majority already has been settled, it could make it easier for Warnock to frame the race as a localized choice between himself and Walker. But if the Georgia outcome determines which party will hold a majority and set the agenda, Walker could have the upper-hand in his effort to tie Warnock to President Joe Biden and national Democrats. https://www.foxnews.com/politics/gop-candidate-unseats-house-veteran-historic-upset-dems-took-granted GOP candidate unseats Democratic leader in historic upset: Dems 'took it for granted' Democratic Congressional Campaign Committee Chair Sean Patrick Maloney was defeated by GOP nominee and State Assemblyman Mike Lawler in a historic House loss in Tuesday's midterm election. Lawler, who ran heavily on crime and the economy, will unseat the longtime congressman who was first elected in 2013, The Associated Press projects. "I think he took it for granted." Lawler said in an interview with Fox News Digital on Wednesday. "As recently as a month ago he was traveling to Paris, London and Geneva to raise money for the DCCC. He did not start campaigning seriously in the district until a couple of weeks ago." Maloney has come under fire in recent days for suggesting that families struggling with the impacts of inflation eat Chef Boyardee. These comments come on the heels of Maloney's frequent trips to high-end European cities over the summer to raise money for House Democrats. Lawler made crime a key focus of his campaign, running in a district where over half of the households have a cop, veteran or first-responder living in them, according to Lawler. Despite this big-ticket win, the upset was one of only a handful House pickups for Republicans on a night where many political analysts and polls predicted a "red wave." The balance of power in the House is still in play with many races still uncalled. https://www.foxnews.com/politics/ballot-initiatives-protecting-access-abortion-win-across-five-states-midterms Ballot initiatives protecting access to abortion win across five states in midterms Voters across the country backed a series of ballot initiatives on Tuesday protecting access to abortion. The results were largely uniform from California to Montana to Michigan. Voters backed proposals to enshrine abortion rights into law, while simultaneously striking down efforts by conservatives to restrict the practice. In Michigan, voters passed a ballot initiative creating a right to abortion within the state's constitution. The initiative, which passed by roughly double digits, according to the Michigan Board of Elections, also strikes down a 1931 law that bans abortion. Voters backed similar ballot measures in Vermont and California enshrining abortion rights into their respective state constitutions. In Republican-led Kentucky and Montana, meanwhile, voters struck down ballot initiatives seeking to restrict access to abortion. Kentucky's citizens opted against amending the state constitution to clarify there is no right to abortion or a requirement for the government to fund the practice. The initiative failed by a 52-47% margin with nearly 90% of votes counted. Montana's voters, on the other hand, are poised to reject a ballot measure codifying into state law federal protections for infants born after a botched abortion. The initiative would have defined an infant "alive" at any gestational age as a legal person. It would have also instituted criminal penalties for health care providers that did not provide life-saving care to infants born during an attempted abortion. While votes are still outstanding and the ballot initiative has not been officially rejected, opponents have a healthy lead. https://www.breitbart.com/politics/2022/11/08/2022-election-cycle-sets-midterm-spending-record-16-7-billion/ 2022 Election Cycle Sets Midterm Spending Record of $16.7 Billion The 2022 election cycle set a midterm spending record of $16.7 billion, according to OpenSecrets. The total represents money spent on both federal and state races. No other midterm election has seen as much money at the state and federal levels as the 2022 elections,” Sheila Krumholz, OpenSecrets’ executive director, told CNBC. “We’re seeing record-breaking totals spent on elections up and down the ballot.” Democrats raised over $1.1 billion from grassroots donors in 2022, double the amount of Republicans’ grassroots efforts, according to the WinRed and ActBlue fundraising platforms, the Financial Times reported. Republican PACs and committees out-raised Democrat committees and PACs by about 50 percent for a total of $1.1 billion. The Republican donors who greatly contributed to the effort were historically active GOP backers. Half of the GOP committee and PAC money came from about 10 donors, “including $77mn from Richard Uihlein, $67mn from Ken Griffin, $44mn from Jeff Yass and $40mn from Timothy Mellon. Steve Schwarzman, Peter Thiel and Larry Ellison have each given $31mn-$34mn to these groups,” the Times reported. Much of the money was spent on Senate races. https://dailycaller.com/2022/11/08/zelenskyy-negotiations-russia-economy-midterms/ Ukraine’s Zelenskyy Says He’s Open To Negotiations With Russia Ukrainian President Volodymyr Zelenskyy signaled a willingness to consider negotiations with Russia after it was reported Washington has urged Ukraine to ease up on its hard line against negotiations with Russia on Monday, according to The Wall Street Journal. Speaking ahead of his video address to the global climate summit held in Egypt, Zelenskyy laid out several conditions for returning to the negotiating table with Moscow, including respecting Ukraine’s pre-war borders, offering reparations for the damage done to Kyiv and prosecuting those who have committed war crimes, according to the WSJ. The U.S. urged Kyiv to maintain a public appearance of openness to negotiating with Russia, even while acknowledging Russian leaders will not agree to withdrawal from occupied areas of Ukraine, The Washington Post reported Saturday. U.S. leaders have reiterated that Ukraine has the final word on negotiating terms, according to the WSJ. Kyiv previously insisted no further talks could happen unless new leadership took over at the Kremlin. Encouragement to keep an open posture toward negotiating with Russia is intended to secure the lasting support of allies, officials familiar with the matter told the Post. Many governments, including the United States, face growing opposition from constituencies concerned that funding the Ukrainian resistance could deepen economic hardships as inflation refuses to let up and food shortages loom. Zelenskyy also on Monday urged “unwavering unity” in the U.S. until Ukraine sees “peace restored,” according to AFP, as the U.S. will see votes cast for midterm elections Tuesday evening. U.S. support for Ukraine could dip if the GOP achieves a majority in the House and Senate after the elections, a possibility increasingly on the table as Republican favorability rose in pre-election polls. Republicans have been more willing than their Democratic counterparts in Congress to express skepticism about the logic behind weapons transfers, and Republican voters consistently fall lower than Democrats in the opinion polls measuring willingness to support Ukraine. However, Republican leaders have doubled down on their stance in support for Ukraine. Gravity Jack: Gravity Jack is a full service digital agency specializing in the development of Virtual & Augmented Reality experiences, mobile apps, blockchain and Web3 projects. Founded in 2009 as the first American agency to offer augmented reality, they even patented it; Gravity Jack's digital experiences have been a source of innovation for small business, Fortune 500 Companies, and the US Military. Get your vision in motion at gravityjack.com Now it’s time for my favorite topic, sports! https://www.foxnews.com/sports/celtics-jaylen-brown-disagrees-terms-kyrie-irvings-return-nets-doesnt-think-hes-antisemitic Celtics' Jaylen Brown disagrees with terms of Kyrie Irving's return to Nets, doesn't think he's antisemitic Boston Celtics star Jaylen Brown said on Monday the National Basketball Players Association disagreed with the benchmarks set for Kyrie Irving in order for him to return from his Brooklyn Nets suspension. Irving was suspended for at least five games until he adequately came to terms with the harm he caused when he tweeted a link to a movie that spread antisemitic misinformation. According to The Athletic, the terms included an apology, a donation of the agreed-upon sum of $500,000 to organizations that fight hate, complete sensitivity training, complete antisemitic/anti-hate training, meet with Anti-Defamation League and Jewish leaders in Brooklyn and meet again with Nets officials, including team owner Joe Tsai. Brown told the Boston Globe on Monday he did not believe Irving was antisemitic. "I don't believe Kyrie Irving is antisemitic," he told the paper. "I don't think people in our governing bodies think he's antisemitic. He made a mistake. We understand from an outside perspective how important sensitivity is to not condone hate speech and not condone anything of that nature. "We don't want to stand up for somebody in order to not condemn hate speech, but I don't believe Kyrie Irving is antisemitic. And hopefully the NBA feels the same way." Brown said the players had "discomfort" with the rules, because the current CBA does not include exact guidelines on punishment regarding social media posts. The Washington Post’s Candace Buckner noted that Adam Silver fined J.R. Smith in the past for previous social media posts. Irving tweeted a screenshot of the synopsis of the movie. "There is an interesting distinction between what somebody says verbally and what somebody posts as a link on a platform with no description behind it," Brown said. "Some people will argue there's no difference and some people will argue there is a difference. There's no language in our CBA. There's no rules against it. This is uncharted territory for everybody. "The terms in which he has to fulfill to return, I think not just speaking for me, speaking as a vice president from a lot of our players, we didn't agree with the terms that was required for him to come back, and we're waiting for this Tuesday meeting to happen to see what comes of it." Brown and Irving are vice presidents of the players union. Irving met with NBA commissioner Adam Silver on Tuesday.

united states god american california lord house washington nfl nba speaking russia michigan joe biden european ukraine elections reading elon musk russian victory psalm jewish fortune congress virtual kentucky republicans companies wall street journal washington post democrats encouragement senate montana kamala harris democratic pope ukrainian vermont founded pac boston celtics athletic moscow nets cnbc voters gop supper kyrie irving kyiv financial times web3 brooklyn nets ballot associated press libertarians boston globe dems cba kremlin augmented reality irving us military peter thiel jaylen brown adam silver afp zelenskyy herschel walker house democrats runoff maloney warnock lawler happy thursday georgia senate pacs anti defamation league open secrets larry ellison actblue joe tsai ken griffin dccc chase oliver fox news digital national basketball players association crosspolitic steve schwarzman michigan board candace buckner russel moore raphael warnock d ga gravity jack daily news brief

Daily News Brief for Thursday, November 10th, 2022 [Daily News Brief]

Fight Laugh Feast USA

Play Episode Listen Later Nov 10, 2022 13:13

This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Thursday, November 10th, 2022. Happy Thursday everyone.You magazine subscribers should start to receive our most recent copies of our Fight Laugh Feast Magazine! Issue 3.3, the Unwoke Church… speaking of which: FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://www.theepochtimes.com/georgia-official-safe-to-say-there-will-be-senate-runoff-next-month_4852696.html?utm_source=partner&utm_campaign=BonginoReport There Will Be Senate Runoff Next Month in Georgia A Georgia election official said early Wednesday that it is likely there will be a Senate runoff election slated for December between incumbent Sen. Raphael Warnock (D-Ga.) and GOP challenger and former NFL star Herschel Walker. Warnock appeared to hold a slim lead over Walker with around 98 percent of the vote counted. Warnock, however, did not reach the 50 percent threshold needed to avoid a runoff in the state. No election forecasters, including The Associated Press, have called the race. Libertarian candidate Chase Oliver garnered about 2.1 percent of the vote. If the Georgia Senate race heads to a runoff, only Walker and Warnock would remain on the ballot—and Oliver would be removed. Walker, meanwhile, appeared to be more optimistic. “I don’t come to lose,” Walker said, according to AP. A runoff campaign would be a four-week blitz that, depending on the outcomes in other Senate contests, could reprise the 2020 election cycle, when two Senate runoffs in Georgia doubled as a national winner-take-all battle for Senate control. Victories from Warnock and Sen. Jon Ossoff (D-Ga.) left the chamber divided 50–50 between the two major parties, with Vice President Kamala Harris giving Democrats the tie-breaking vote. Runoff dynamics this year would vary widely depending on the Senate makeup. If the Senate majority already has been settled, it could make it easier for Warnock to frame the race as a localized choice between himself and Walker. But if the Georgia outcome determines which party will hold a majority and set the agenda, Walker could have the upper-hand in his effort to tie Warnock to President Joe Biden and national Democrats. https://www.foxnews.com/politics/gop-candidate-unseats-house-veteran-historic-upset-dems-took-granted GOP candidate unseats Democratic leader in historic upset: Dems 'took it for granted' Democratic Congressional Campaign Committee Chair Sean Patrick Maloney was defeated by GOP nominee and State Assemblyman Mike Lawler in a historic House loss in Tuesday's midterm election. Lawler, who ran heavily on crime and the economy, will unseat the longtime congressman who was first elected in 2013, The Associated Press projects. "I think he took it for granted." Lawler said in an interview with Fox News Digital on Wednesday. "As recently as a month ago he was traveling to Paris, London and Geneva to raise money for the DCCC. He did not start campaigning seriously in the district until a couple of weeks ago." Maloney has come under fire in recent days for suggesting that families struggling with the impacts of inflation eat Chef Boyardee. These comments come on the heels of Maloney's frequent trips to high-end European cities over the summer to raise money for House Democrats. Lawler made crime a key focus of his campaign, running in a district where over half of the households have a cop, veteran or first-responder living in them, according to Lawler. Despite this big-ticket win, the upset was one of only a handful House pickups for Republicans on a night where many political analysts and polls predicted a "red wave." The balance of power in the House is still in play with many races still uncalled. https://www.foxnews.com/politics/ballot-initiatives-protecting-access-abortion-win-across-five-states-midterms Ballot initiatives protecting access to abortion win across five states in midterms Voters across the country backed a series of ballot initiatives on Tuesday protecting access to abortion. The results were largely uniform from California to Montana to Michigan. Voters backed proposals to enshrine abortion rights into law, while simultaneously striking down efforts by conservatives to restrict the practice. In Michigan, voters passed a ballot initiative creating a right to abortion within the state's constitution. The initiative, which passed by roughly double digits, according to the Michigan Board of Elections, also strikes down a 1931 law that bans abortion. Voters backed similar ballot measures in Vermont and California enshrining abortion rights into their respective state constitutions. In Republican-led Kentucky and Montana, meanwhile, voters struck down ballot initiatives seeking to restrict access to abortion. Kentucky's citizens opted against amending the state constitution to clarify there is no right to abortion or a requirement for the government to fund the practice. The initiative failed by a 52-47% margin with nearly 90% of votes counted. Montana's voters, on the other hand, are poised to reject a ballot measure codifying into state law federal protections for infants born after a botched abortion. The initiative would have defined an infant "alive" at any gestational age as a legal person. It would have also instituted criminal penalties for health care providers that did not provide life-saving care to infants born during an attempted abortion. While votes are still outstanding and the ballot initiative has not been officially rejected, opponents have a healthy lead. https://www.breitbart.com/politics/2022/11/08/2022-election-cycle-sets-midterm-spending-record-16-7-billion/ 2022 Election Cycle Sets Midterm Spending Record of $16.7 Billion The 2022 election cycle set a midterm spending record of $16.7 billion, according to OpenSecrets. The total represents money spent on both federal and state races. No other midterm election has seen as much money at the state and federal levels as the 2022 elections,” Sheila Krumholz, OpenSecrets’ executive director, told CNBC. “We’re seeing record-breaking totals spent on elections up and down the ballot.” Democrats raised over $1.1 billion from grassroots donors in 2022, double the amount of Republicans’ grassroots efforts, according to the WinRed and ActBlue fundraising platforms, the Financial Times reported. Republican PACs and committees out-raised Democrat committees and PACs by about 50 percent for a total of $1.1 billion. The Republican donors who greatly contributed to the effort were historically active GOP backers. Half of the GOP committee and PAC money came from about 10 donors, “including $77mn from Richard Uihlein, $67mn from Ken Griffin, $44mn from Jeff Yass and $40mn from Timothy Mellon. Steve Schwarzman, Peter Thiel and Larry Ellison have each given $31mn-$34mn to these groups,” the Times reported. Much of the money was spent on Senate races. https://dailycaller.com/2022/11/08/zelenskyy-negotiations-russia-economy-midterms/ Ukraine’s Zelenskyy Says He’s Open To Negotiations With Russia Ukrainian President Volodymyr Zelenskyy signaled a willingness to consider negotiations with Russia after it was reported Washington has urged Ukraine to ease up on its hard line against negotiations with Russia on Monday, according to The Wall Street Journal. Speaking ahead of his video address to the global climate summit held in Egypt, Zelenskyy laid out several conditions for returning to the negotiating table with Moscow, including respecting Ukraine’s pre-war borders, offering reparations for the damage done to Kyiv and prosecuting those who have committed war crimes, according to the WSJ. The U.S. urged Kyiv to maintain a public appearance of openness to negotiating with Russia, even while acknowledging Russian leaders will not agree to withdrawal from occupied areas of Ukraine, The Washington Post reported Saturday. U.S. leaders have reiterated that Ukraine has the final word on negotiating terms, according to the WSJ. Kyiv previously insisted no further talks could happen unless new leadership took over at the Kremlin. Encouragement to keep an open posture toward negotiating with Russia is intended to secure the lasting support of allies, officials familiar with the matter told the Post. Many governments, including the United States, face growing opposition from constituencies concerned that funding the Ukrainian resistance could deepen economic hardships as inflation refuses to let up and food shortages loom. Zelenskyy also on Monday urged “unwavering unity” in the U.S. until Ukraine sees “peace restored,” according to AFP, as the U.S. will see votes cast for midterm elections Tuesday evening. U.S. support for Ukraine could dip if the GOP achieves a majority in the House and Senate after the elections, a possibility increasingly on the table as Republican favorability rose in pre-election polls. Republicans have been more willing than their Democratic counterparts in Congress to express skepticism about the logic behind weapons transfers, and Republican voters consistently fall lower than Democrats in the opinion polls measuring willingness to support Ukraine. However, Republican leaders have doubled down on their stance in support for Ukraine. Gravity Jack: Gravity Jack is a full service digital agency specializing in the development of Virtual & Augmented Reality experiences, mobile apps, blockchain and Web3 projects. Founded in 2009 as the first American agency to offer augmented reality, they even patented it; Gravity Jack's digital experiences have been a source of innovation for small business, Fortune 500 Companies, and the US Military. Get your vision in motion at gravityjack.com Now it’s time for my favorite topic, sports! https://www.foxnews.com/sports/celtics-jaylen-brown-disagrees-terms-kyrie-irvings-return-nets-doesnt-think-hes-antisemitic Celtics' Jaylen Brown disagrees with terms of Kyrie Irving's return to Nets, doesn't think he's antisemitic Boston Celtics star Jaylen Brown said on Monday the National Basketball Players Association disagreed with the benchmarks set for Kyrie Irving in order for him to return from his Brooklyn Nets suspension. Irving was suspended for at least five games until he adequately came to terms with the harm he caused when he tweeted a link to a movie that spread antisemitic misinformation. According to The Athletic, the terms included an apology, a donation of the agreed-upon sum of $500,000 to organizations that fight hate, complete sensitivity training, complete antisemitic/anti-hate training, meet with Anti-Defamation League and Jewish leaders in Brooklyn and meet again with Nets officials, including team owner Joe Tsai. Brown told the Boston Globe on Monday he did not believe Irving was antisemitic. "I don't believe Kyrie Irving is antisemitic," he told the paper. "I don't think people in our governing bodies think he's antisemitic. He made a mistake. We understand from an outside perspective how important sensitivity is to not condone hate speech and not condone anything of that nature. "We don't want to stand up for somebody in order to not condemn hate speech, but I don't believe Kyrie Irving is antisemitic. And hopefully the NBA feels the same way." Brown said the players had "discomfort" with the rules, because the current CBA does not include exact guidelines on punishment regarding social media posts. The Washington Post’s Candace Buckner noted that Adam Silver fined J.R. Smith in the past for previous social media posts. Irving tweeted a screenshot of the synopsis of the movie. "There is an interesting distinction between what somebody says verbally and what somebody posts as a link on a platform with no description behind it," Brown said. "Some people will argue there's no difference and some people will argue there is a difference. There's no language in our CBA. There's no rules against it. This is uncharted territory for everybody. "The terms in which he has to fulfill to return, I think not just speaking for me, speaking as a vice president from a lot of our players, we didn't agree with the terms that was required for him to come back, and we're waiting for this Tuesday meeting to happen to see what comes of it." Brown and Irving are vice presidents of the players union. Irving met with NBA commissioner Adam Silver on Tuesday.

united states god american california lord house washington nfl nba speaking russia michigan joe biden european ukraine elections reading elon musk russian victory psalm jewish fortune congress virtual kentucky republicans companies wall street journal washington post democrats encouragement senate montana kamala harris democratic pope ukrainian vermont founded pac boston celtics athletic moscow nets cnbc voters gop supper kyrie irving kyiv financial times web3 brooklyn nets ballot associated press libertarians boston globe dems cba kremlin augmented reality irving us military peter thiel jaylen brown adam silver afp zelenskyy herschel walker house democrats runoff maloney warnock lawler happy thursday georgia senate pacs anti defamation league open secrets larry ellison actblue joe tsai ken griffin dccc chase oliver fox news digital national basketball players association crosspolitic steve schwarzman michigan board candace buckner russel moore raphael warnock d ga gravity jack daily news brief

BlackRock: The Devil's Banker. Do as I say, not as I do.

Unf*cking The Republic

Play Episode Listen Later Sep 17, 2022 71:49

Larry Fink is one of the most influential people on the planet. His firm BlackRock mints money. Billions of dollars a year. Their risk management platform handles more than $10 trillion a year. He helped guide the country out of the financial crisis in 2009 and positioned his company to grow unfettered by the very regulatory authorities he advised at the time. He's by all accounts funny, affable, competitive and compassionate. BlackRock is at the center of a storm in conservative media for pushing companies too hard toward sustainability. That he's too “woke.” Liberals think he's behind the housing crisis. Conspiracy theorists believe he's in the pocket of the Chinese government. The real story of BlackRock is bigger, more mundane and just as terrifying. Visit the episode's accompanying site page. Chapters BlackRock Disclaimer: 00:00:05 Intro: 00:02:24 Chapter One: Bank or no bank? You decide. 00:05:31 Chapter Two: Birth of a giant. 00:13:12 Chapter Three: Just how big is BlackRock? 00:24:20 Chapter Four: The ESG Hullabaloo. 00:31:46 Chapter Five: Bring it home, Max. 00:40:11 Post Show Musings: 00:50:48 Outro: 01:09:20 Resources Vanity Fair: Larry Fink's $12 Trillion Shadow BlackRock: 2021 Annual Report Policy Tensor: Seeing Like BlackRock Insider: Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager Bloomberg: Biden Ties to BlackRock Deepen With Latest Treasury Hire Wall Street Journal: One Firm Getting What It Wants in Washington: BlackRock OpenSecrets: BlackRock Inc Office of Financial Research: Asset Management and Financial Stability, September 2013 Bloomberg: In Fink We Trust: BlackRock Is Now ‘Fourth Branch of Government' BlackRock: Sustainable investing at BlackRock Banking On Climate Change: The Worst Banks Since the Paris Agreement The Bureau of Investigative Journalism: BlackRock Tells Oil Regulator: Ignore Our CEO's Climate Pledges Florida State Board of Administration: August 23, 2022 Meeting Politico: Wall Street opens its checkbook for Ron DeSantis Sierra Club: Maine becomes the first state to pass law to divest from fossil fuels Morgan Stanley Institute For Sustainable Investing: Sustainable Reality BlackRock: BlackRock and housing: Setting the record straight The Atlantic: BlackRock Is Not Ruining the U.S. Housing Market Securities and Exchange Commission: Sallie Mae Proxy Statement Pensions & Investments: Nestle moves pension assets to BlackRock as it reorganizes internal management unit CNN Business: Nestle SA Investopedia: The Top 5 British Petroleum (BP) Shareholders CNN Business: Walmart Inc Fintel: BlackRock Inc. ownership in MCD / Mcdonald's Corp Bloomberg Markets and Finance: BlackRock CEO Larry Fink on Inflation, ESG Investing UNFTR Episode Resources Student Debt. The Problem with Conscious Capitalism. Book Love David Carey and John E. Morris: King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565 Buy yourself some Unf*cking Coffee at shop.unftr.com. Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week. Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written by BlackRock. Or is it Blackstone? And hosted by Blackstone. Or is it BlackRock? Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic."See omnystudio.com/listener for privacy information.

How to Invest in Multifamily Properties Beyond Borders with August Biniaz

Play Episode Listen Later Jul 8, 2022 30:54

In this episode Axel interviews August Biniaz, real estate developer, fund manager, general partner and a real estate private equity thought leader to talk about how to invest in multifamily across the US focusing on private equity and syndication. For many real estate investors, investing in their own place is fine. For others the key is to invest in other countries that make more sense and get more profit. August enables investor partners to earn substantial returns by investing in multifamily properties in the hottest US markets. August and Axel dive deep into how August got started in real estate and created CPI Capital, his real estate Canadian passive investing fund. They also converse about the best US markets to invest in and why, the co syndication model and the value add model, how he became successful starting business by chasing big deals, and the importance of creating and gaining trust and how to do it. Stay tuned! For ADVICE or want MORE INFO about Real Estate Private Equity, GET IN TOUCH with AUGUST! Send him a connection request on LinkedIn, let him know learned from him on this show and book a 15 minute call with him. Please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel Topics: Welcome August to The Very Real Estate Effect Podcast!: (00:00:00) About August's business model & how he started CPI Capital: (00:01:00) Doing business in the US market: (00:04:55) What US Markets was he interested in and why: (00:07:54) About first deal in Orlando, Florida & the co syndication model: (00:09:39) How August managed to partner up with other general partners: (00:12:31) How August raised 30MM and his involvement in operations: (00:13:59) About the next deal in Charleston, South Carolina and it's structure: (00:16:57) About deal in Houston, Texas & the value-add model: (00:18:32) What made August so successful in the process of capital raising with big deals: (00:22:20) The importance of creating trust & how to do it: (00:26:48) Wrap-up: (00:30:40) Who is August? August Biniaz is a Real Estate Developer, Fund Manager, General Partner and a Real Estate Private Equity Thought Leader with 15 years of experience in real estate. He is the Co-founder of CPI Capital, where he acts as the CSO and COO working with operating partners across the US. He educates his partners about private equity through his business web Academy platform, YouTube Show, Webinars, MeetUp Groups, Real Estate Weekly LinkedIn Newsletter and one on one coaching. August was instrumental in the closing of over $208 million of multifamily assets since inception. Mentioned resources: “Barbarians at the Gate: The Fall of RJR Nabisco” book by Bryan Burrough &John Helyar “King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone” book by David Carey & John E. Morris Multifamily Investor Nation REIN CRM HubSpot ActiveCampaign Connect with August Biniaz: Linkedin Twitter CPI Capital CPI Capital Facebook CPI Capital Instagram The CPI Capital Academy YouTube show Connect with Axel Monsaingeon: Linkedin Real Estate Effect Web Facebook Instagram Youtube

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Episode 191: "Lessons from the Street: Stephen Schwarzman's Book Prompts Bill to Compare Insights into the World of Money” with John Tamny

The Bill Walton Show

Play Episode Listen Later Jun 7, 2022 53:34

In this episode, my friend John Tamny interviews me about legendary Wall Street leader and Blackstone founder Stephen Schwarzman's book What It Takes: Lessons in the Pursuit of Excellence. There are many fascinating insights and lessons in Steve's book which we can all benefit from. A few highlights: Steve Schwarzman started Blackstone with a unique strategic plan. There's a tremendous lesson in how he approached building his firm. For any young man or woman who wants to build a business, or any type of organization, Steve Schwarzman's book would be a great place to start learning about “what it takes.” When Steve Schwarzman tells his team “don't lose money” it's about a mindset. Think through the downsides, what Jay Pritzker called “the horribles.” Both, in part, became billionaires from thinking this way. One of my favorite Steve Schwarzman Rules: “Worrying is an active, liberating activity. If channeled appropriately, it allows you to articulate the downside in any situation and drives you to take action to avoid it." Great advice. Private equity's been demonized by a lot of people with agendas and who know nothing about it. True, it's a competitive and tough business, but it's created a lot of value over the past 4-5 decades. Look at the record. Do companies become woke because their young woke new hires demand it? Disney employees clearly seem to be running the asylum, not its CEO. Is this also true for Wall Street? One of ways our culture has changed, and not for the better, it that we seem to have lost the ideal of pursing excellence. In my private equity experience, making an investment successful was exhilarating. Under President Xi, China's becoming “uninvestable” for Western businesses. Even Chinese private equity investors say China's turned hostile to capitalism. No longer simply a competitor, China's turned enemy. In “What It Takes” Steve Schwarzman writes that had we not had FAS 157 mark-to-market accounting, the meltdown we had in 2008 would not have happened. I agree. One history's great ironies is that Dodd-Frank, the bill to supposedly cure the ills of the 2008 meltdown, is named after Barney Frank and Chris Dodd, who pushed banks to drop their underwriting standards to promote housing. When you're running an investment company there's a real tension between the roles of CEO and CIO (chief investment officer). It's a balancing act you must get right to succeed. John Tamny is Vice President of Freedom Works and editor of Real Clear Markets, and author of the terrific book, When Politicians Panicked, which is about the government mishandling of the coronavirus pandemic. John's other books includeWho Needs the Fed, Popular Economics and The End of Work. He asks some tough, penetrating questions and we hope you'll find the answers illuminating. Steve's book holds many many stories and lessons about “what it takes” to be both a leader and investor. Hope you'll listen in.

What are key takeaways from WEF meet? What made India stood out this year?

Business Standard Podcast

Play Episode Listen Later May 30, 2022 6:46

Davos might have missed some big names and even bigger countries this time, but India went with the aim of making a mark. “Attendance from China, Japan and Korea was sparse this year and of course we heard nothing from Russia or much from Ukraine attendees” – This is what Gautam Adani, Chairman of Adani Group, wrote about his experience at Davos 2022. Even as the world's rich and powerful descended on Davos, the sentiment at World Economic Forum's annual meeting wasn't the same as before. Consider the conspicuous absence of many titans of finance. According to Bloomberg, the chiefs of JPMorgan Chase and Goldman Sachs were not in attendance. Neither was BlackRock Inc's Larry Fink or Blackstone's Steve Schwarzman. Meanwhile, nearly 100 participants and dozens of political leaders from India attended the World Economic Forum, and presented the country's position on the energy situation, food security and health equity at Davos. And, India's enthusiasm was well-founded. Here's what Business Standard reported from Davos. India found itself at the centre of many dialogues on emerging issues, ranging from climate change to crypto technologies. European business leaders were eagerly scouting options for diversifying trade and investments. India appeared to be the best option for most of them, thanks to its political stability and reformist policies. Many global investors endorsed India's rising economic relevance. For example, Saint Gobain Global CEO Benoit Bazin said that the company plans to invest over Rs 5,500 crore in the next four years in India. Bazin was bullish about the 45-billion-Euro company's growth story in India. David Rubenstein, co-founder of the private equity Carlyle Group, told reporters in Davos that “India has been more attractive [to buy assets] of late than China.” Clearly, India benefitted from the absence of China and concerns over its heavy-handed ‘zero Covid' strategy. Speaking from Davos, Pranjal Sharma of Business Standard says India is presenting itself as a stable, dynamic and growing emerging market at Davos. This is in contrast to the troubles in Europe and the US due to the ongoing Ukraine war. The idea is to attract investors worried by the uncertainty in markets and rising inflation, he says. State govts and the Centre aligned in their goals of presenting Brand India aggressively at Davos, Sharma says. Ministers from several state governments, including those of Tamil Nadu, Maharashtra, Telangana, Andhra Pradesh and Madhya Pradesh, were also in Davos to attract global investors. Andhra Pradesh reportedly signed renewables investment pacts cumulatively worth about 1600-crore rupees with three companies. The investment commitments were made with India's Adani Green Energy, GIC-backed Greenko and India's Aurobindo Realty & Infrastructure. The Maharashtra delegation reportedly signed at least 23 MoUs worth 30,000 crore rupees. Of these investments, more than 55 per cent are by way of FDI from the US, Singapore, Indonesia and Japan. The team led by Karnataka Chief Minister Basavaraj Bommai inked MoUs with two major companies for a total investment flow of 52,000 crore rupees. India also took its vibrant start-up story, already featuring daily in the domestic news, to the world stage. Consider the fact that along with several legacy leaders the Indian delegation also included unicorn founders such as Zerodha's Nikhil Kamath, EaseMyTrip's Prashant Pitti, Ashish Singhal of Coinswitch, and Vidit Atrey of Meesho. With the government proudly referring to the rise of unicorns in India, the founders were pleasantly surprised by the attention they were getting from delegates from India and abroad. Pranjal Sharma of Business Standard speaks to Prashant Pitti, Co-founder of Easemytrip. India also adopted a strategy at Davos that was significantly different from previous years – the Indian delegation was focused on improving

[S3E5] King of Capital

Business Books & Co.

Play Episode Listen Later Apr 3, 2022 44:10

King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey and John Morris is more than just a book about Blackstone—it's a history of private equity. Carey and Morris explain the sometimes esoteric world of this segment of high finance. They recount its cycles of booms and busts from the 1980s through the 2010s, and explain how Blackstone navigated the sometimes tumultuous waters to ultimately become one of the most influential alternative investment management companies in the world. In this episode we explain the basics of private equity and discuss the history of the private equity as recounted in the book. Show Notes King of Capital via Amazon Follow us on Twitter @BusinessBooksCo and join our Amazon book club. Edited by Giacomo Guatteri Find out more at http://businessbooksandco.com

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Impact Investment Pioneer Raj Thamotheram

Sea Change Radio

Play Episode Listen Later Nov 16, 2021 29:00

In these times, small investors may feel uneasy, not to mention unsure of how to use their investment power conscientiously. This week on Sea Change Radio, we speak to Dr. Raj Thamotheram, an expert in socially responsible investing, about how the field has changed over the years. We discuss billionaire investor Steve Schwarzman‘s recent comments … Continue reading Impact Investment Pioneer Raj Thamotheram → This article and podcast Impact Investment Pioneer Raj Thamotheram appeared first on Sea Change Radio.

Email Fwd: Money Stuff: Nobody Is Drilling the Oil

Josh on Narro

Play Episode Listen Later Oct 27, 2021 25:51

One claim that you sometimes hear about financial markets is that they are excessively focused on the short term and systematically undervalue long-te... look at TeslanewspaperSteve Schwarzman criticized environmental investing influenced by Fink standard storyquite a bit of history likes it even did a little speculationinvestor presentation wrote on MondayTwitterRedditsummaryDan PrimackForm 8-Kmerger agreementalso doing well talked last weekOopseverything is securities fraudAnywaycertain statutory protectionsNot always thoughreports meta-regulatorsomethingthe company wrote in a blog postDeutsche BankRobinhood Hertz Bitcoin Shiba Inushift from publicly traded assets Throws Bitcoinsubscribe at this linkhere discussed yesterdaydoes not likethe DWAC prospectus discussed on Monday

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Blackstone: Beyond Buyouts - [Business Breakdowns, EP. 20]

Business Breakdowns

Play Episode Listen Later Aug 4, 2021 44:13

Today, we will be diving into Blackstone, the world's largest alternative asset manager. Founded in 1985 as a boutique M&A advisory business with $400,000 of seed capital. The firm now manages over $600 billion across private equity, real estate, credit, and hedge fund strategies. In this breakdown, we will start by discussing Blackstone's business model and how it has taken advantage of a structural tailwind in the form of low bond yields. Then, we'll dive into the different ways Blackstone earns money, how that's changing, and what else management has done to make the business more shareholder-friendly. Finally, we'll cover Blackstone's competitive strengths, their brand and scale explaining how they were built and how they're deployed today. To break down Blackstone, Zack Fuss is joined by Marc Rubinstein, former hedge fund manager and now the writer of Net Interest. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you enjoy our exploration of what makes a company tick on Business Breakdowns, Canalyst should be the foundation for your quantitative analysis. For more information and access to the Canalyst model on the business we break down in this episode, go to canalyst.com/breakdowns. ----- Business Breakdowns is a property of Colossus, Inc. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss Show Notes [00:02:35] - [First question] - What is Blackstone, their history, and what their scale is today [00:04:29] - Their core competencies in the beginning and what it enabled them to do [00:05:57] - Examples of their early transactions that allowed them to grow their funds [00:07:39] - Overview of the first principles of how private equity funds make money [00:09:49] - What has allowed Blackstone to grow so large over the last thirty-five years [00:12:30] - Things that make alternative asset management a large and lucrative industry [00:14:28] - Overview of revenue streams and returns to shareholders [00:17:30] - Analysis of their corporate private equity, real estate, hedge funds, and credit [00:21:00] - Why alternative asset managers have been so attracted to insurance companies [00:22:40] - Partners Blackstone might find for funding and financing [00:24:44] - Reasons why Blackstone would consider an IPO [00:26:15] - How an investor would evaluate Blackstone versus Berkshire Hathaway [00:29:17] - Ways Blackstone dispels the ‘barbarians at the gate' stigma around private equity [00:31:12] - The importance of Steve Schwarzman and thoughts on new leadership [00:33:31] - Building a company culture in asset management that creates longevity [00:35:42] - What makes Blackstone so successful writ large [00:37:54] - Emergence of neo-banks and potential threats of regulation and oversight [00:39:05] - The one thing that allows them to always find new opportunities and succeed [00:41:03] - Lessons for investors when studying Blackstone's story

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059. Good Read: "King of Capital: The Rise, Fall, and Rise Again of Blackstone"

CREative Talks! Commercial Real Estate Podcast

Play Episode Listen Later Jul 25, 2021 93:39

Hotel Recovery Panel Webinar: August 20th 3pm ET/12pm PT Free Sign Up: www.cre-media.com/events/hotel-recovery-trends-and-outlook-082021 Please share this link to help us spread the word! Today's Book Club: "King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone" by David Carey Guests: Jeremy Zenilman Esq. Art Tsai Relevant Episodes: 044. “The Liar's Ball”, GM Building, 2008, and Cross Collateralization 045. Good Read: “Am I Being Too Subtle” by Sam Zell 057. Good Read: “Other People's Money” by Charles Bagli Sign Up Newsletter: https://www.cre-media.com/subscribe Social Media: LinkedIn: www.linkedin.com/in/minjayan Substack: minjayan.substack.com Instagram: @cre_mediagroup Twitter: @minja_yan Clubhouse: @cre_min Please contact us here: https://www.cre-media.com/contact Disclaimer: This commercial real estate podcast is intended for commercial real estate professionals, institutions, and investors only. The presenter(s) is(are) expressing his/her (their) view(s) and opinion(s) regarding economic conditions, financing programs and features. The views expressed in this show are for informational, entertainment, and educational purposes only, and do not imply suitability. Views and opinions expressed are those of the presenters only and do not reflect the views of their employers, institutions, and associations. The information is not intended as investment advice, is not a recommendation about investing, and the presenters and their companies are not acting as your fiduciary.

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苏世民：顶尖领导者的52条法则

笔记侠 | 笔记江湖

Play Episode Listen Later Apr 21, 2021 3:16

说起苏世民（英文名：Steve Schwarzman），很多人可能还不是很熟悉。他是黑石集团创始人，而黑石是世界上最大的另类资产管理机构，也就是私募公司，管理的资产价值高达5710亿美元（截至2019年末）。苏世民的身家目前是170亿美金，当过私募领域的首富，《财富》还曾经称他为 “新的华尔街之王”。这位投资界的大佬，是一个实打实的传奇人物，可以说他是在用一生时间去学习、去思考如何成功、如何追求卓越。苏世民1947年出生在宾夕法尼亚州的一个犹太家庭，本科读的是耶鲁大学，学的是文化和行为专业。从耶鲁毕业之后，苏世民进入了帝杰证券公司，后来又进入到雷曼兄弟。1985年，苏世民与导师彼得·彼得森（曾任雷曼总裁）分别拿出20万美元成立黑石集团；1997年，黑石集团第三只投资基金达到40亿美元，成为世界第二大私募股权基金；2007年，黑石通过IPO上市，中国投资有限责任公司选择黑石作为其第一笔海外投资的对象；2008年，全球金融危机，黑石盈利应声下跌，全球陷入恐慌；2013年，黑石迅速扩张，加速甩掉竞争对手；2019年，黑石管理的资金总额超过5500亿美元，成为实至名归的PE无冕之王……苏世民坦言：“成功绝非易事，一路走来，我遇到了许多艰难险阻、挫折坎坷。” 他也将几十年积累下来的经验和教训都浓缩在了《苏世民：我的经验与教训》这本书里，值得学习和借鉴。一、10大管理原则企业发展到一定阶段，创始人必须允许公司引入相关人才和管理系统，这是企业从作坊式企业转向管理良好的公司机器的关键。——苏世民1.坚持成长就要不断提出问题，预测事件、审时度势，主动寻求进步和变革。2.优秀的企业文化兼具规模优势和小公司的灵魂，员工可以自由表达想法。3.不断创新，才能永远不被淘汰。4.为了取得成功，你必须有勇气打破边界，进军自己无权进入的行业和领域。5.谨慎做出决策：每一个微小的行为都有可能对其他人造成深远的影响，无论好坏。6.对企业进行精英管理，追求卓越、保持开放、坚守诚信，并竭力聘用拥有同样信念的人。7.创业的三项基本测试：你的设想必须足够宏大，企业的产品或服务应该是独一无二的，时机必须是正确的。8.企业的一切要素都相互关联。企业如果要取得成功，那么每一个部门既需要独立运转，又需要与其他部门顺利协作。系统中任何一环出现问题都有可能造成亏损或破产。9.创业的重要结论：创立和运营小企业的难度和大企业相差无几。一个企业的创立，无论规模大小，都有一个从无到有的过程，你会承受相同的经济负担和心理压力。筹集资金并找到合适人才的难度也同样大。在同样的困难和压力面前，要确保创业成功，唯一的办法就是全身心的投入。10.企业“八九十”人才观：得8分的人是任务执行者，得9分的人非常擅长执行和制订一流策略。如果公司都是9分人才，就可以获得成功。但10分人才，无须得到指令，就能主动发现问题、设计解决方案，并将业务推向新的方向。10分人才能够为企业带来源源不断的收益。二、7大成功面试规则任何企业家都需要具备诸多关键技能，其中最重要的技能也许就是可以高屋建瓴、客观公正地对人才进行评估。对于面试者，苏世民给出他的成功面试规则：1.要准时准时是你对面试重视程度和准备程度的首要指标。2.要真实面试是一种相互评估的过程，有点像闪电约会——每个人都在寻找合适的人选。要从容不迫、落落大方，对方会喜欢真实的你。如果你展现真实的自我，顺利通过面试，得到工作机会，结果自然很棒。但如果面试不成功，那么这个组织可能也不适合你，倒不如了解真相、继续前进。3.做好准备研究要面试的公司，熟知公司的重要人物和事件。面试官总是喜欢讨论自己身边发生的事。此外，这也可以使你更好地描述公司吸引你的地方和理由，让面试官知道你对公司的热情和向往，并了解你入职的动机，以此判断你是否符合组织的文化要求。4.要坦率不要害怕谈论自己的想法。不要只想着给面试官留下深刻印象，而要更多地关注如何进行开放坦诚的交流，直言不讳地发表自己的见解。5.要自信以平等的姿态参加面试，而不是作为请求者。在大多数情况下，雇主都是在寻找能够把控局面的人。当然，前提是这些人并不刚愎自用。6.保持好奇心最好的面试是互动型面试——候选人提出问题，征求意见，询问面试官在公司工作时最喜欢哪一点。要找到方法与面试官进行积极交流，并确保双方始终你来我往，有问有答。面试官也喜欢聊天，喜欢分享自己的知识和心得。不要讨论不合时宜的政治问题，除非面试官首先发问。在这种情况下，要直截了当地描述你的信念和理由，但不要争论。7.可以谈到你在申请机构中认识的人，但前提是你喜欢并尊重这个人。你的面试官会以此来考察你对于人的判断。三、25条工作和生活原则 1.做大事和做小事的难易程度是一样的。所以要选择一个值得追求的宏伟目标，让回报与你的努力相匹配。2.最优秀的高管不是天生的，而是后天磨砺的结果。他们好学不倦，永无止境。要善于研究你生活中取得巨大成功的人和组织，他们能够提供关于如何在现实世界获得成功的免费教程，可以帮助你进行自我提升。3.给你敬佩的人写信或打电话，请他们提供建议或与其会面的机会。你永远不知道谁愿意跟你见面。最后你会从这些人身上学到很多重要的东西，建立你在余生都可以享用的人际关系。在生命早期结交的人，会与你缔结非同寻常的感情纽带。4.人们总觉得最有意思的话题就是与自己相关的话题。所以，要善于分析他人的问题所在，并尝试提出办法来帮助他人。几乎所有的人，无论他声名多么显赫、地位多么高贵，都愿意接受新的想法，当然，前提是这些想法必须经过深思熟虑。5.每个企业都是一个封闭的集成系统，内部各个组成部分性能独特却又相互关联。优秀的管理者既洞悉每个部分如何独立运行，也熟知各部分之间如何相互协作。6.信息是最重要的商业资产。掌握得越多，拥有的视角就越多，在竞争对手面前就越有可能发现常规模式和异常现象。所以要始终对进入企业的新鲜事物保持开放的态度，无论是新的人、新的经验，还是新的知识。7.在年轻的时候，请接受能为自己提供陡峭的学习曲线和艰苦的磨炼机会的工作。最初的工作是为人生打基础的，不要为了暂时的声望而轻易地接受一份工作。8.在展示自己时，请记住，印象非常重要.整体形象必须毫无瑕疵。其他人会通过各种线索和端倪，判断你的真实面貌。所以，要重诺守时，要真实诚信，要准备充分。9.再聪明的人也不能解决所有问题。聪明人组成的开诚布公的团队却可以无往而不利。10.处于困境中的人往往只关注自己的问题，而解决问题的途径通常在于你如何解决别人的问题。11.一个人的信念必须超越自我和个人需求，它可以是自己的公司、祖国或服役义务。任何因信念和核心价值观的激励而选择的挑战都是值得的，无论最终的结果是成功还是失败。12.永远要黑白分明、百折不回。你的诚信必须要毋庸置疑。当一个人不需要付出代价或承担后果的时候，坚持做正确的事情并非难事。但当必须得放弃一些东西时，你就很难保持信用记录。要始终言而有信，不要为了自己的利益误导任何人。13.要勇往直前。成功的企业家、经理和个人都是具有志在必得的气魄和一往无前的精神的人。他们会在恰当的时刻当仁不让。当其他人谨小慎微时，他们会接受风险；当其他人瞻前顾后时，他们会采取行动，但他们会选择明智的做法。这种特质是领导者的标志。14.永远不要骄傲自满。没有什么是一成不变的。无论是个人还是企业，如果不经常寻求自我重塑和自我改进的方法，就会被竞争对手打败。尤其是组织，因为组织比想象中更脆弱。15.极少有人能在首次推介中完成销售。仅仅因为你对一些事物有信念，并不意味着其他人也愿意接受。你需要能够一次又一次坚定地推销你的愿景。大多数人不喜欢改变，所以你需要说服他们为什么要接受改变。不要因为畏惧而不去争取自己想得到的东西。16.如果你看到一个巨大的变革性机会，不要疑虑其他人为什么没有采取行动。你可能看到了他人没有看到的东西。问题越严峻，竞争就越有限，对问题解决者的回报就越大。17.归根到底，成功就是抓住了寥寥可数的机遇。要始终保持开放的思维，冷静观察，高度警觉，随时准备抓住机会。要统筹合适的人力和其他资源，然后全力以赴。如果你没有准备好拼尽全力，要么是因为这个机会没有你想象的那么有吸引力，要么是因为你不是把握这一机遇的合适人选。18.时间会对所有交易造成负面影响，有时甚至产生致命影响。一般情况下，等待的时间越久，意料之外的事情就越多。特别是在艰难的谈判中，要让所有人都在谈判桌上协商足够长的时间，以此达成协议。19.不要赔钱！！！客观地评估每个机会的风险。20.要在准备好时做出决定，而不是在压力之下。或为了达到个人目的，或因为内部政治斗争，或因为一些外部需求，其他人总会催促你做出决策。但几乎每次你都可以这么说：“我需要更多的时间来考虑这个问题。我想清楚了再回复你。”即使是在最艰难、最令人不快的情况下，这种策略也非常有效。21.忧虑是一种积极的心理活动，可以开阔人的思路。如果能正确引导这一情绪，你就可以洞察任何形势下的负面风险，并采取行动规避这些风险。22.失败是一个组织最好的老师。开诚布公地客观谈论失败，分析问题所在，你就会从失败中学到关于决策和组织行为的新规则。如果评估得当，失败就有可能改变一个组织的进程，使其在未来更加成功。23.尽可能雇用10分人才，因为他们会积极主动地感知问题、设计解决方案，并朝着新方向开展业务。他们还会吸引和雇用其他10分人才。10分人才做什么事都会得心应手。24.如果你认为一个人的本质是好的，就要随时为这个人提供帮助，即使其他人都离他而去。任何人都可能陷入困境。在别人需要的时候，一个偶然的善意行为就会改变他的生命轨迹，造就意想不到的友谊或忠诚。25.每个人都有梦想。尽你所能帮助别人实现他们的目标。四、成功人生的10大信条 1.卓越成就=原则+经验+教训+做法。2.有意义的人生=创造出人意料、影响深远的新事物。3.成功的秘密：发现机会、抓住机会、永不言弃。4.面对问题时，要勇于挑战权威、挑战等级制度。5.忧虑是一种积极的心理活动，它可以开阔人的思路。6.人生有无限可能，你可以成为你想成为的任何人，做成你想做的任何事。7.了解问题的角度越多，越接近问题的答案。问题越困难，解决方案越少，你的建议就越有价值。8.追求卓越的人往往对学习充满热情，孜孜以求，他们善于提问、勤于思考，能够敏锐地捕捉到想法之间的联系，从不失手。9.成功就是充分利用那些你无法预测的罕见的机会，但抓住这些机会的前提是你必须时刻保持开放的思维、高度的警觉和严阵以待的姿态，并愿意接受重大变革。10.有时现实与自己想象的生活和事业之间存在巨大差距，这一差距会压得人喘不过气，几乎令人绝望。人们往往只能看到成功的光环或是失败的黯淡，却忽视那些可能彻底改变人生轨迹的转折点，可正是在这些转折点上，我们学到了事业和人生中最重要的经验和教训。当人们问我如何成功时，我的答案基本都是一样的：我看到一个独一无二的机会，然后竭尽全力去抓住了它。总之，永不言弃！

pe ipo steve schwarzman

苏世民：顶尖领导者的52条法则

笔记侠 | 笔记江湖

Play Episode Listen Later Apr 21, 2021 3:16

说起苏世民（英文名：Steve Schwarzman），很多人可能还不是很熟悉。他是黑石集团创始人，而黑石是世界上最大的另类资产管理机构，也就是私募公司，管理的资产价值高达5710亿美元（截至2019年末）。苏世民的身家目前是170亿美金，当过私募领域的首富，《财富》还曾经称他为 “新的华尔街之王”。这位投资界的大佬，是一个实打实的传奇人物，可以说他是在用一生时间去学习、去思考如何成功、如何追求卓越。苏世民1947年出生在宾夕法尼亚州的一个犹太家庭，本科读的是耶鲁大学，学的是文化和行为专业。从耶鲁毕业之后，苏世民进入了帝杰证券公司，后来又进入到雷曼兄弟。1985年，苏世民与导师彼得·彼得森（曾任雷曼总裁）分别拿出20万美元成立黑石集团；1997年，黑石集团第三只投资基金达到40亿美元，成为世界第二大私募股权基金；2007年，黑石通过IPO上市，中国投资有限责任公司选择黑石作为其第一笔海外投资的对象；2008年，全球金融危机，黑石盈利应声下跌，全球陷入恐慌；2013年，黑石迅速扩张，加速甩掉竞争对手；2019年，黑石管理的资金总额超过5500亿美元，成为实至名归的PE无冕之王……苏世民坦言：“成功绝非易事，一路走来，我遇到了许多艰难险阻、挫折坎坷。” 他也将几十年积累下来的经验和教训都浓缩在了《苏世民：我的经验与教训》这本书里，值得学习和借鉴。一、10大管理原则企业发展到一定阶段，创始人必须允许公司引入相关人才和管理系统，这是企业从作坊式企业转向管理良好的公司机器的关键。——苏世民1.坚持成长就要不断提出问题，预测事件、审时度势，主动寻求进步和变革。2.优秀的企业文化兼具规模优势和小公司的灵魂，员工可以自由表达想法。3.不断创新，才能永远不被淘汰。4.为了取得成功，你必须有勇气打破边界，进军自己无权进入的行业和领域。5.谨慎做出决策：每一个微小的行为都有可能对其他人造成深远的影响，无论好坏。6.对企业进行精英管理，追求卓越、保持开放、坚守诚信，并竭力聘用拥有同样信念的人。7.创业的三项基本测试：你的设想必须足够宏大，企业的产品或服务应该是独一无二的，时机必须是正确的。8.企业的一切要素都相互关联。企业如果要取得成功，那么每一个部门既需要独立运转，又需要与其他部门顺利协作。系统中任何一环出现问题都有可能造成亏损或破产。9.创业的重要结论：创立和运营小企业的难度和大企业相差无几。一个企业的创立，无论规模大小，都有一个从无到有的过程，你会承受相同的经济负担和心理压力。筹集资金并找到合适人才的难度也同样大。在同样的困难和压力面前，要确保创业成功，唯一的办法就是全身心的投入。10.企业“八九十”人才观：得8分的人是任务执行者，得9分的人非常擅长执行和制订一流策略。如果公司都是9分人才，就可以获得成功。但10分人才，无须得到指令，就能主动发现问题、设计解决方案，并将业务推向新的方向。10分人才能够为企业带来源源不断的收益。二、7大成功面试规则任何企业家都需要具备诸多关键技能，其中最重要的技能也许就是可以高屋建瓴、客观公正地对人才进行评估。对于面试者，苏世民给出他的成功面试规则：1.要准时准时是你对面试重视程度和准备程度的首要指标。2.要真实面试是一种相互评估的过程，有点像闪电约会——每个人都在寻找合适的人选。要从容不迫、落落大方，对方会喜欢真实的你。如果你展现真实的自我，顺利通过面试，得到工作机会，结果自然很棒。但如果面试不成功，那么这个组织可能也不适合你，倒不如了解真相、继续前进。3.做好准备研究要面试的公司，熟知公司的重要人物和事件。面试官总是喜欢讨论自己身边发生的事。此外，这也可以使你更好地描述公司吸引你的地方和理由，让面试官知道你对公司的热情和向往，并了解你入职的动机，以此判断你是否符合组织的文化要求。4.要坦率不要害怕谈论自己的想法。不要只想着给面试官留下深刻印象，而要更多地关注如何进行开放坦诚的交流，直言不讳地发表自己的见解。5.要自信以平等的姿态参加面试，而不是作为请求者。在大多数情况下，雇主都是在寻找能够把控局面的人。当然，前提是这些人并不刚愎自用。6.保持好奇心最好的面试是互动型面试——候选人提出问题，征求意见，询问面试官在公司工作时最喜欢哪一点。要找到方法与面试官进行积极交流，并确保双方始终你来我往，有问有答。面试官也喜欢聊天，喜欢分享自己的知识和心得。不要讨论不合时宜的政治问题，除非面试官首先发问。在这种情况下，要直截了当地描述你的信念和理由，但不要争论。7.可以谈到你在申请机构中认识的人，但前提是你喜欢并尊重这个人。你的面试官会以此来考察你对于人的判断。三、25条工作和生活原则 1.做大事和做小事的难易程度是一样的。所以要选择一个值得追求的宏伟目标，让回报与你的努力相匹配。2.最优秀的高管不是天生的，而是后天磨砺的结果。他们好学不倦，永无止境。要善于研究你生活中取得巨大成功的人和组织，他们能够提供关于如何在现实世界获得成功的免费教程，可以帮助你进行自我提升。3.给你敬佩的人写信或打电话，请他们提供建议或与其会面的机会。你永远不知道谁愿意跟你见面。最后你会从这些人身上学到很多重要的东西，建立你在余生都可以享用的人际关系。在生命早期结交的人，会与你缔结非同寻常的感情纽带。4.人们总觉得最有意思的话题就是与自己相关的话题。所以，要善于分析他人的问题所在，并尝试提出办法来帮助他人。几乎所有的人，无论他声名多么显赫、地位多么高贵，都愿意接受新的想法，当然，前提是这些想法必须经过深思熟虑。5.每个企业都是一个封闭的集成系统，内部各个组成部分性能独特却又相互关联。优秀的管理者既洞悉每个部分如何独立运行，也熟知各部分之间如何相互协作。6.信息是最重要的商业资产。掌握得越多，拥有的视角就越多，在竞争对手面前就越有可能发现常规模式和异常现象。所以要始终对进入企业的新鲜事物保持开放的态度，无论是新的人、新的经验，还是新的知识。7.在年轻的时候，请接受能为自己提供陡峭的学习曲线和艰苦的磨炼机会的工作。最初的工作是为人生打基础的，不要为了暂时的声望而轻易地接受一份工作。8.在展示自己时，请记住，印象非常重要.整体形象必须毫无瑕疵。其他人会通过各种线索和端倪，判断你的真实面貌。所以，要重诺守时，要真实诚信，要准备充分。9.再聪明的人也不能解决所有问题。聪明人组成的开诚布公的团队却可以无往而不利。10.处于困境中的人往往只关注自己的问题，而解决问题的途径通常在于你如何解决别人的问题。11.一个人的信念必须超越自我和个人需求，它可以是自己的公司、祖国或服役义务。任何因信念和核心价值观的激励而选择的挑战都是值得的，无论最终的结果是成功还是失败。12.永远要黑白分明、百折不回。你的诚信必须要毋庸置疑。当一个人不需要付出代价或承担后果的时候，坚持做正确的事情并非难事。但当必须得放弃一些东西时，你就很难保持信用记录。要始终言而有信，不要为了自己的利益误导任何人。13.要勇往直前。成功的企业家、经理和个人都是具有志在必得的气魄和一往无前的精神的人。他们会在恰当的时刻当仁不让。当其他人谨小慎微时，他们会接受风险；当其他人瞻前顾后时，他们会采取行动，但他们会选择明智的做法。这种特质是领导者的标志。14.永远不要骄傲自满。没有什么是一成不变的。无论是个人还是企业，如果不经常寻求自我重塑和自我改进的方法，就会被竞争对手打败。尤其是组织，因为组织比想象中更脆弱。15.极少有人能在首次推介中完成销售。仅仅因为你对一些事物有信念，并不意味着其他人也愿意接受。你需要能够一次又一次坚定地推销你的愿景。大多数人不喜欢改变，所以你需要说服他们为什么要接受改变。不要因为畏惧而不去争取自己想得到的东西。16.如果你看到一个巨大的变革性机会，不要疑虑其他人为什么没有采取行动。你可能看到了他人没有看到的东西。问题越严峻，竞争就越有限，对问题解决者的回报就越大。17.归根到底，成功就是抓住了寥寥可数的机遇。要始终保持开放的思维，冷静观察，高度警觉，随时准备抓住机会。要统筹合适的人力和其他资源，然后全力以赴。如果你没有准备好拼尽全力，要么是因为这个机会没有你想象的那么有吸引力，要么是因为你不是把握这一机遇的合适人选。18.时间会对所有交易造成负面影响，有时甚至产生致命影响。一般情况下，等待的时间越久，意料之外的事情就越多。特别是在艰难的谈判中，要让所有人都在谈判桌上协商足够长的时间，以此达成协议。19.不要赔钱！！！客观地评估每个机会的风险。20.要在准备好时做出决定，而不是在压力之下。或为了达到个人目的，或因为内部政治斗争，或因为一些外部需求，其他人总会催促你做出决策。但几乎每次你都可以这么说：“我需要更多的时间来考虑这个问题。我想清楚了再回复你。”即使是在最艰难、最令人不快的情况下，这种策略也非常有效。21.忧虑是一种积极的心理活动，可以开阔人的思路。如果能正确引导这一情绪，你就可以洞察任何形势下的负面风险，并采取行动规避这些风险。22.失败是一个组织最好的老师。开诚布公地客观谈论失败，分析问题所在，你就会从失败中学到关于决策和组织行为的新规则。如果评估得当，失败就有可能改变一个组织的进程，使其在未来更加成功。23.尽可能雇用10分人才，因为他们会积极主动地感知问题、设计解决方案，并朝着新方向开展业务。他们还会吸引和雇用其他10分人才。10分人才做什么事都会得心应手。24.如果你认为一个人的本质是好的，就要随时为这个人提供帮助，即使其他人都离他而去。任何人都可能陷入困境。在别人需要的时候，一个偶然的善意行为就会改变他的生命轨迹，造就意想不到的友谊或忠诚。25.每个人都有梦想。尽你所能帮助别人实现他们的目标。四、成功人生的10大信条 1.卓越成就=原则+经验+教训+做法。2.有意义的人生=创造出人意料、影响深远的新事物。3.成功的秘密：发现机会、抓住机会、永不言弃。4.面对问题时，要勇于挑战权威、挑战等级制度。5.忧虑是一种积极的心理活动，它可以开阔人的思路。6.人生有无限可能，你可以成为你想成为的任何人，做成你想做的任何事。7.了解问题的角度越多，越接近问题的答案。问题越困难，解决方案越少，你的建议就越有价值。8.追求卓越的人往往对学习充满热情，孜孜以求，他们善于提问、勤于思考，能够敏锐地捕捉到想法之间的联系，从不失手。9.成功就是充分利用那些你无法预测的罕见的机会，但抓住这些机会的前提是你必须时刻保持开放的思维、高度的警觉和严阵以待的姿态，并愿意接受重大变革。10.有时现实与自己想象的生活和事业之间存在巨大差距，这一差距会压得人喘不过气，几乎令人绝望。人们往往只能看到成功的光环或是失败的黯淡，却忽视那些可能彻底改变人生轨迹的转折点，可正是在这些转折点上，我们学到了事业和人生中最重要的经验和教训。当人们问我如何成功时，我的答案基本都是一样的：我看到一个独一无二的机会，然后竭尽全力去抓住了它。总之，永不言弃！

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The Exchange: Editorial lessons from Lionel Barber

The Exchange

Play Episode Listen Later Feb 16, 2021 33:45

The former Financial Times editor discusses his views on journalism in the post-Trump, post-Brexit, post-print era with Rob Cox. He also shares some of the juicier stories from his memoir, “The Powerful and the Damned,” like the time he told off Blackstone's Steve Schwarzman. See acast.com/privacy for privacy and opt-out information.

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1534 FBF: Private Equity Investing with David Carey Author of ‘King of Capital’ and Senior Writer for ‘The Deal’

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Aug 21, 2020 54:12

This episode of Flashback Friday was initially published: October 31, 2012 Private equity is a type of investing where you deploy capital in companies privately rather than in the public market. Here to talk about this subject with Jason Hartman is David Carey, author of King of Capital, and senior writer for “The Deal.” David explains the various forms, including injecting money into companies to help them grow faster, and the most common form, a leverage buyout (LBO). In an LBO, private equity firms are not responsible for paying down the debt, unlike a homeowner who pays off a mortgage. Instead, the company that is being acquired takes on the debt and retires it over time using its own cash flow. David notes that most private equity firms outperform stocks and bonds by a wide margin, not just through the use of leverage, but also from improving the profitability of the companies they acquire. David goes on to share his thoughts on the attacks on private equity, Bing Capital and Mitt Romney. Dispelling the political negative caricature of the private equity business, David shares how these firms have helped numerous companies prosper, allowing for quicker new job growth. Bing Capital was an exception, having piled on too much debt, and naturally, the Obama campaign took a potshot at the firm and private equity firms in general. DAVID CAREY is senior writer for The Deal, a news service and magazine covering private-equity and mergers and acquisitions. Before joining The Deal, he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World. Carey has appeared often on CNBC. He holds two masters degrees: one in French literature from Princeton and a second in journalism from Columbia. He earned his bachelor’s degree at the University of Washington. Carey authored the book, KING OF CAPITAL: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone (Crown Business; October 2010), which tells how Schwarzman and his co-founder Pete Peterson, starting with just one secretary in 1985, built a powerhouse that weathered the financial crisis successfully even as other institutions crumbled. More about the book can be found at: http://king-of-capital.com/whats-the-book-about/highlights/. Websites: JasonHartman.com/Fund JasonHartman.com/Asset JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn)

E52 - Ramadan...What? Why? How?

Take Flight Podcast

Play Episode Listen Later May 8, 2020 49:38

During this time of many of us are in lockdown, there are over a billion people around the world who are fasting due to Ramadan...so this episode we wanted to understand more about it! We have @Olu_Okunola and @curatedbyDJ asking the questions to @PabiloTimbo and @Shuwel1 who are both fasting this month! We cover: - What is Ramadan and its origins? - What are you expected to during the month? - What do you learn about yourself? And what about for the rest of the year? This and much, much more! Plus a bonus return of our book review with @Shuwel1 talking about ‘What it Takes’, by Steve Schwarzman! Aʟʟ ᴠɪᴇᴡs ᴀʀᴇ ᴏᴜʀ ᴏᴡɴ If you have any feedback or topics you'd like us to discuss, please email us at takeflightpodcast@gmail.com Instagram @takeflightpodcast

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Exclusive Interviews w/ Scaramucci, Schwarzman and many more from Davos 2020

Yahoo Finance Presents

Play Episode Listen Later Jan 30, 2020 57:49

Hear exclusive interviews with Anthony Scaramucci, Steve Schwarzman, Christian Klein, Elaine Chow and Tom Nides from Davos 2020 See acast.com/privacy for privacy and opt-out information.

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Exclusive Interviews w/ Scaramucci, Schwarzman and many more from Davos 2020

Influencers with Andy Serwer

Play Episode Listen Later Jan 30, 2020 57:49

Hear exclusive interviews with Anthony Scaramucci, Steve Schwarzman, Christian Klein, Elaine Chow and Tom Nides from Davos 2020 See acast.com/privacy for privacy and opt-out information.

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Stephen A. Schwarzman on What It Takes to Be Successful

Just the Right Book with Roxanne Coady

Play Episode Listen Later Dec 12, 2019 73:55

Stephen Schwarzman, with his cofounder Pete Peterson, built Blackstone into the largest private equity firm in the world, with over half a trillion dollars under management. Yet at the beginning, that success did not seem inevitable. In 1985, they sent out almost five hundred letters to potential investors and received two responses. Two years later, they closed an eight-hundred million fund, and they closed it on the eve on the largest one-day percentage drop in stock market history. Along the way, Steve Schwarzman became one of the sought-after advisors to business, governments, and leaders around the world as well as an incredibly active philanthropists in China, England, and the United States. In this episode of Just the Right Book with Roxanne Coady, Schwarzman joins Roxanne Coady to discuss his new book, What It Takes: Lessons in the Pursuit of Excellence, out now from Avid Reader Press. This episode is sponsored by Amistad Books and the upcoming novel Africaville by Jeffrey Colvin, a stunning debut inspired the true history of a settlement in Halifax, Nova Scotia, whose black population—largely the descendants of slaves from the American South and the Caribbean-- carved out a community against the harsh maritime landscape and against bigotry and racism. Africaville by Jeffrey Colvin is available now wherever books are sold. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episode 60: Steve Schwarzman

5 Questions With Dan Schawbel

Play Episode Listen Later Dec 9, 2019 9:05

An interview with Steve Schwarzman about what he learned from his father growing up, where his drive comes from, how he decides which charities to donate to, what money hasn’t bought him and his best career advice. Welcome to the 60th episode of 5 Questions with Dan Schawbel. As your host, my goal is to curate the […]

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Steve Schwarzman: Co-founder and CEO of Blackstone

The Art of Excellence

Play Episode Listen Later Nov 19, 2019 48:12

Steve Schwarzman is the co-founder and CEO of Blackstone, one of the world's largest and most successful investment funds with over a half trillion dollars under management. Steve is an active philanthropist with a history of supporting education, culture, and the arts. He holds a BA from Yale and an MBA from Harvard Business School. His new book is called What It Takes: Lessons in the Pursuit of Excellence. Some interesting insights from this episode: He has always been very competitive. When he graduated from Yale, he insisted upon an extra $500 a year in his offer from a prestigious investment bank so he could be the highest paid graduate from his class. “What I lacked in basic economics, I made up for with my ability to see patterns and develop new solutions and paradigms, and with the sheer will to turn my ideas into reality.” He single-handedly advised Tropicana on getting acquired, which was the second largest transaction in the world that year, even though he had absolutely no M&A experience up until that point. “To be successful you have to put yourself in situations and places you have no right being in. You shake your head and learn from your own stupidity. But through sheer will, you wear the world down, and it gives you what you want.” They closed on their first fund of $1 billion the morning of October 19th, 1987, aka Black Monday, the largest one day drop in stock market history. Just one day later and Blackstone might not have ever gotten off the ground. After losing some money on a deal, he re-architected the entire investment decision making process to be much more rigorous with the goal of engineering out the risk so as to never lose money again He has a philosophy to only hire “10's”. Those people tend to be intelligent, articulate, calm, energetic, curious, and can envision the future. “Excellence is being the best that you can be at whatever you choose to do.”

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Behind the Scenes With Blackstone Group's Steve Schwarzman

Play Episode Listen Later Nov 1, 2019 1:15

Steve Schwarzman, co-founder and chief executive officer at Blackstone Group, discusses entrepreneurship, growing up, and the new Wall Street on the latest episode of the Behind the Scenes podcast. He speaks with "Bloomberg Businessweek" anchors Jason Kelly and Carol Massar. The episode is available now.

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Blackstone Group CEO Steve Schwarzman

Behind the Scenes

Play Episode Listen Later Nov 1, 2019 13:51

Steve Schwarzman, co-founder and chief executive officer at Blackstone Group, discusses entrepreneurship, growing up, and the new Wall Street. He speaks with "Bloomberg Businessweek" anchors Jason Kelly and Carol Massar.

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Behind the Scenes With Blackstone Group's Steve Schwarzman

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Play Episode Listen Later Nov 1, 2019 1:15

Steve Schwarzman, co-founder and chief executive officer at Blackstone Group, discusses entrepreneurship, growing up, and the new Wall Street on the latest episode of the Behind the Scenes podcast. He speaks with "Bloomberg Businessweek" anchors Jason Kelly and Carol Massar. The episode is available now. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

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The CEO Series: Steve Schwarzman

Washington Post Live

Play Episode Listen Later Oct 8, 2019 45:33

Blackstone Group Chairman, CEO and Co-founder Steve Schwarzman sits down for a one-on-one interview about his best-selling new book What It Takes: Lessons in the Pursuit of Excellence.

September Jobs Report; Tech Turns on Capitalism; Steve Schwarzman

Play Episode Listen Later Oct 4, 2019 30:50

Becky Quick, Andrew Ross Sorkin, and Steve Grasso break down September’s jobs report with BlackRock’s Kate Moore, University of Chicago Booth School of Business’ Austan Goolsbee and Club for Growth’s David McIntosh. Major tech CEOs speak out against wealth — and capitalism; the Squawk Box hosts debate whether our system is worth saving — and how they’d do it. Plus, want to be a legend? Blackstone CEO and Wall Street titan Steve Schwarzman reveals what it takes in a one-on-one conversation with Becky Quick. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Bloomberg Businessweek Weekend - September 28th, 2019

Play Episode Listen Later Sep 28, 2019 62:37

Hosted by Carol Massar and Jason Kelly. Featuring highlights from the Bloomberg Global Forum. Including interviews with: -Steve Schwarzman, Blackstone Group co-founder and CEO -Brian Moynihan, Bank of America CEO -Anand Mahindra, Mahindra Group Chairman -Jonathan Gray, Blackstone Group President and COO -Bruce Flatt Brookfield Asset Management CEO Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

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Bloomberg Businessweek Weekend - September 28th, 2019

Steve Forbes: What's Ahead

Play Episode Listen Later Sep 28, 2019 62:37

Hosted by Carol Massar and Jason Kelly. Featuring highlights from the Bloomberg Global Forum. Including interviews with: -Steve Schwarzman, Blackstone Group co-founder and CEO -Brian Moynihan, Bank of America CEO -Anand Mahindra, Mahindra Group Chairman -Jonathan Gray, Blackstone Group President and COO -Bruce Flatt Brookfield Asset Management CEO

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Ep. 3: Polina Marinova - Startup Unicorns; Danny Soule Talks Track & Field

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Play Episode Listen Later Sep 28, 2019 63:45

Polina Marinova, UGA Grady School of Journalism grad and Editor-in-Chief of Fortune Magazine’s Term Sheet, dishes on her journey to her dream job at Fortune, the growth of female founded startup unicorns ($1B startups), and her conversation with billionaire Steve Schwarzman, CEO and founder of Blackstone. Also, former UGA Track and Field star, Danny Soule, comments on the freshman phenom on the Track and Field team, Matthew Boling, who shot to international stardom earlier this year.

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S2E1: Bold Life Lessons From The Master Of Finance: Stephen Schwarzman - Part One

Play Episode Listen Later Sep 22, 2019 48:11

First up, Steve shares his thoughts on a bunch of economic numbers coming out including residential housing prices, consumer confidence index and durable goods numbers. He also speaks to the upcoming United Nations meeting and the United Kingdom Supreme Court.Then, with a personal net worth of over $18 billion dollars, venerable Wall Street titan and Blackstone Group Cofounder, Chair and CEO, Steve Schwarzman, has become the world’s most powerful financial leader. This hard-fought success is documented in his new book, What It Takes: Lessons In The Pursuit Of Excellence which details Schwarzman’s remarkable journey from not knowing the difference between a stock and a bond at his first Wall Street job to leading an investment firm that controls companies worth over $500 billion. One of the key takeaways? The person at the top of any organization should always be eager to learn—and to teach. Which is why he has created a uniquely successful culture at Blackstone aimed to help employees thrive. He’s also never hesitated to try to teach those who were ranked higher than him. For example, he told the dean of Harvard Business School during his time there that his organization was not well-run. In this episode, he shares with Steve his colorful path from working in his father’s local shop as a young boy to negotiating one of the biggest mergers in U.S. corporate history at the age of thirty. This is part one in a two-part conversation. Last, Steve's "Reads of the Week" are three articles. They are: “Antitrust Can’t Catch Big Tech” by Andy Kessler, "Don’t Ban Nontobacco Flavored ecigarettes. Adults are in more Danger than your Kids" by Sally Satel and ”Why Hasn’t Brexit Happened?" By Christopher Caldwell

Businessweek Extra - Blackstone’s Steve Schwarzman

Play Episode Listen Later Sep 20, 2019 28:56

Hosted by Carol Massar and Jason Kelly. Featuring an in-depth conversation with Steve Schwarzman, the chairman, CEO and co-founder of Blackstone Group.

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Businessweek Extra - Blackstone's Steve Schwarzman

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Play Episode Listen Later Sep 20, 2019 28:56

Hosted by Carol Massar and Jason Kelly. Featuring an in-depth conversation with Steve Schwarzman, the chairman, CEO and co-founder of Blackstone Group. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

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What it Takes Lessons in the pursuit of excellence by Steve Schwarzman

Me Money and Mold

Play Episode Listen Later Sep 20, 2019 9:05

25 rules for work and life by Steve Schwarzman in his new book what it takes lessons in the pursuit of excellence. --- Send in a voice message: https://anchor.fm/lisa-frattali/message

490 - What It Takes: Steve Schwarzman, Founder of BlackStone, on How to Turn Your Vision into a Reality

The James Altucher Show

Play Episode Listen Later Sep 19, 2019 78:36

I could ask Steve Schwarzman 5 more hours of questions. He's the Chairman, CEO and Co-Founder of the largest private equity firm on the planet, Blackstone. And now, he's the author of, "What It Takes: Lessons in the Pursuit of Excellence." And (special announcement for my listeners), right now, for a limited time, you can claim a free copy of my new book, "The Side Hustle Bible." I wrote this book because people ask me all the time, "How can I make extra income? How can I choose myself?" I put it all in this book, "The Side Hustle Bible." Which details 177 ways to make extra income. Learn how to claim your free copy in today's episode. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram See omnystudio.com/listener for privacy information.

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490 - What It Takes: Steve Schwarzman, Founder of BlackStone, on How to Turn Your Vision into a Reality

The James Altucher Show

Play Episode Listen Later Sep 18, 2019 78:35 Transcription Available

I could ask Steve Schwarzman 5 more hours of questions. He's the Chairman, CEO and Co-Founder of the largest private equity firm on the planet, Blackstone. And now, he's the author of, "What It Takes: Lessons in the Pursuit of Excellence." And (special announcement for my listeners), right now, for a limited time, you can claim a free copy of my new book, "The Side Hustle Bible." I wrote this book because people ask me all the time, "How can I make extra income? How can I choose myself?" I put it all in this book, "The Side Hustle Bible." Which details 177 ways to make extra income. Learn how to claim your free copy in today's episode. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn

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Blackstone CEO Steve Schwarzman on H-1B immigration, the China trade war, and why teachers should be tax-exempt

Decoder with Nilay Patel

Play Episode Listen Later Sep 17, 2019 70:01

Steve Schwarzman, the CEO of the private equity firm The Blackstone Group, talks with Recode's Kara Swisher about his new book, What It Takes: Lessons in the Pursuit of Excellence. Schwarzman — a longtime advisor to President Trump — also discusses his scholarship program that teaches future leaders how to do business in China, how he would like to see policymakers address populist anger, and the big economic trends he and Blackstone are currently pursuing. Plus: Can we fix the H-1B visa program without simultaneously addressing other forms of immigration? Featuring: Steve Schwarzman, CEO of The Blackstone Group and author of What It Takes: Lessons in the Pursuit of Excellence. Hosts: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: Subscribe for free to Pivot, Kara’s podcast with NYU Professor Scott Galloway that offer sharp, unfiltered insights into the biggest stories in tech, business, and politics. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily Twitter: @Recode and @voxdotcom Learn more about your ad choices. Visit megaphone.fm/adchoices

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Stephen A. Schwarzman, WHAT IT TAKES

Moms Don’t Have Time to Read Books

Play Episode Listen Later Sep 17, 2019 26:19

I am very, very excited to be interviewing Steve Schwarzman today who is..... my dad!!! He's also the chairman, CEO, and cofounder of Blackstone, one of the world’s leading investment firms, and the founder of the Schwarzman Scholars program in China. He's an active philanthropist with a focus on education, culture, and the arts. My dad wrote What It Takes: Lessons in the Pursuit of Excellence, to pass on what he has learned to people working in organizations, who start organizations, and run organizations so that they can do a better job, so they can be more successful, so that they can have fuller lives, and so the world can be a better place. Plus his book is full of life advice of all kinds!! Please listen to our special conversation, which even includes his tips on parenting!!

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Steve Schwarzman, a Top Financier of Mitch McConnell and Donald Trump, Is a Driving Force Behind Amazon Deforestation

Fearless, Adversarial Journalism – Spoken Edition

Play Episode Listen Later Aug 28, 2019 14:07

Two Brazilian firms owned by a top donor to President Donald Trump and Senate Majority Leader Mitch McConnell are significantly responsible for the ongoing destruction of the Amazon rainforest, carnage that has developed into raging fires that have captivated global attention. The companies have wrested control of land, deforested it, and helped build a controversial highway to their new terminal in the one-time jungle, all to facilitate the cultivation and export of grain and soybeans.

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Bloomberg Businessweek Weekend - May 3rd, 2019

Play Episode Listen Later May 4, 2019 63:06

Hosted by Carol Massar and Jason Kelly. Bringing you highlights from the 2019 Milken Institute Global Conference, including interviews with: -Oaktree Capital Co-Chairman Howard Marks -BP CEO Bob Dudley -Brookfield Asset Management CEO Bruce Flatt -Blackstone Group Chairman and CEO Steve Schwarzman

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On the Air from the Milken Global Conference in Los Angeles

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Play Episode Listen Later Apr 29, 2019 46:49

Howard Marks,Co-Founder of Oaktree Capital, discusses where he is finding opportunities in distressed assets and the chaotic investment landscape in China. Los Angeles Mayor Eric Garcetti shares details of L.A.’s own “Green New Deal.” Bruce Flatt, CEO at Brookfield Asset Management, talks about why all infrastructure eventually will become privatized. Michael Tennenbaum, Co-Founder of Tennenbaum Capital, discusses investing in Puerto Rico. Catherine Keating, CEO at BNY Mellon Wealth Management, talks about investing for retirement and taxes. Blackstone Chairman and CEO Steve Schwarzman explains how the China economy is looking solid after stimulus. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan

On the Air from the Milken Global Conference in Los Angeles