20 Burst results for "David Rudenstine"
"david rudenstine" Discussed on Doug Miles Media
"Day at a time. tv shelves so God bless her. of course here still working and You know. I'm working at eighty eight as well. That's right both of us. Anything kind of surprise. You have other meal madeleine albright. You had on ken burns. Who does those great documentaries Jon meacham on civil rights any of these people that Maybe didn't know too. Well going into the interview that the chain that Surprise you a little bit a lot of them. But i would sit no everybody and not the people that i didn't know very often You know i had to warm up to them and they had to warm up to me because they you know they hadn't been interviewing before you know if you've interviewed from somebody before it's a little bit easier than you have an interview them before because they know you and you know them but on the whole i think most people are prepared to talk about what america needs to them and everybody interviewed as an american and this country people take great pride in as they should and now as we get the mark of the the twentieth anniversary of nine eleven clearly people are thinking about the country and patriotism and and what we can do to make the country better so it's an appropriate time to talk about what makes america great and that's what this book is about optimism. Pretty much run through all. And i've read through more interviews but would you say optimism runs through most of the people you talk to. As far as the america goes. I felt that hiatt cheap. Yes people who are high achievers. Tend to be optimistic if you're pessimistic and you have lots of depression. Probably it's harder to be that successful now obviously people with depression to achieve great things but generally most of the people i've interviewed are fairly optimistic about the future because look what happened to them they were they achieve greatness in their life and they pretend to be optimistic. We have limited time just mentioned the title. Once again. the american experiment dialogues on a dream. And we've been talking to the author. David rudenstine. Of course you can see him on his bloomberg tv show and of course we've got so many other things going on with your business interests and philanthropy so Thank you for that. As i speak for many who Enjoy the things you've worked with. The case senator senate center all the other things but do you have a website. You want to drive people to. It's available everywhere. I imagine right. Yes they do have a website. That has david rubenstein dot com. And we'll put a link on our website as well but david pleasure talking to you. Hopefully.
"david rudenstine" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"President Trump speaking to the economic of New York and various economic clubs across the country and we had questioning from Senate O'CONNELL of the Economic Club of Florida David Rudenstine of DC and Mike. . O'Neill. . The New York we have Michael McKee with us now our chief. . Correspondent for all things economic both and. . and Michael a very serious conversation here the president's putting out some ideas couple of inflammatory statements like how Joe Biden Presidency would be a socialist dream in American nightmare. . But at the end, , he was asked about things like infrastructure stimulus national debt did we hear anything new from the President? ? No, , but we haven't been hearing much new from him throughout this campaign. It's . he mostly talks about what happened in the previous three or four years and he talks a lot about, , of course what happened to the Obama Administration? ? The questions he was asked about infrastructure spending he didn't answer. . He said what he always says about many different things that he has a plan, , but there's never any plan they were coming close to a deal on infrastructure at least Democrats in the House and the president when the President got upset with Nancy Pelosi and broke off the talks and that was two years ago and nothing's been done on infrastructure since. . The House and Senate have a very big differences about how you would pay for infrastructure and how you'd structure the program. . He said today the walls one of the biggest infrastructure projects ever. . That's not true. . He did shut down the border under the guise pandemic protection. . So that part of what he said about the wall was correct he was asked about the deficit. . and. . Has Somebody. . Else says quite often about this. . This is one of those. . Up his down down his up trump statements, , he said the deficit was falling and we were GONNA pay off interest costs and start paying down principal on the deficit before the pandemic hit. . That's one hundred percent one, , hundred, , eighty degrees opposite from what was happening deficit was rising significantly before the pandemic because of the tax cuts so. . It's hard to know exactly what he was trying to do other than insult. . Joe Biden and and stir up his base. . Yes. Absolutely . I think that's probably what we can expect from him. . As we approach the elections three weeks left and we're going to get viewers questions. . You know at some point tomorrow night's <hes> tonight and facts as we will be hearing a lot more from the president on economic matters and so on. . But really nothing moves the needle. Until . we get some more idea of what happens with stimulus and Ardley Nancy Pelosi doesn't look like. . She's about to give in to to to president trump's requests or whatever republicans are requesting not that that's now well, , even here's the thing we have to remember that even if the speaker of the House and the Secretary of the Treasury agree on some kind of deal, , it would have to pass the Senate as well as the house. . A number of house members have already suggested Dowse House Democrats have suggested they would vote against it because. . They don't think it's big enough and. . The question then becomes how many Republicans would vote for it if it's not considered big enough then in the Senate, , you don't have fifty senators who approve of it. . The Democrats are pretty united against it and half of the Republican senators say they don't want to spend anything. . So at this point, , there's a lot of focus on wall, , street about the talks talks. . In quotation marks between Nancy Pelosi and Steven Mnuchin. . But the odds of something actually happening particularly before election day very, very , small. . Yes and for some reason and she wasn't quite care about yesterday when she was speaking with Wolf Blitzer Nancy Pelosi is not willing to even consider this one point eight, , trillion dollar stimulus. . What is it in their Michael? ? Can you decipher? ? that. . She's so against she was actually quite angry with the to Democrats that said that they should be accepting this. . The part of the play. . A part of it is the way the money is distributed. . Part of it is the amount of money for states and localities is not enough they believe and part of it obviously is politics. . They don't WanNa give, , Donald Trump. . He kind of victory before the election you remember the last time when the cares act was passed in the twelve hundred dollars was going out for those who got it in check form trump held up distribution of the checks until he could have his name printed on it and last thing Nancy Pelosi wants is for voters to be opening their mail the day before the election and seeing Donald Trump giving them twelve hundred dollars. . Yes that is to I'm sure and also presumably that machine is up and running now. . So there may not be so much of a delay this time around but there is an argument to suggest that people need cash. . Now, , no matter how it comes in a matter who gets the credit right Michael Danny lower on earlier saying this country is in trouble <hes> there is particularly because more people are losing their jobs. . Now, , as we're finding more companies go out of business and. . The airlines are a perfect example not going out of business, , but laying off tens of thousands of people because they don't have any business to do at this point, , and that was one of the hopes of the stimulus bills that they could get aid to the airlines in the <hes> short-term <hes>. . But nother interesting statistic came out from the New York Fed yesterday of the people who got the stimulus checks the first time around average of about twenty four, , hundred dollars each seventy one percent either save the money or paid down debt. . They have money in the bank and so if this. . Rebound continued to go faster than expected. . We might have a tailwind and we might need less of the stimulus checks I think the biggest difference now is that there are going to be people who. . Didn't save. . Don't have the money who are losing jobs permanently who may need something yeah. . I found that phenomenal as well when you consider just how many people are at food banks in food lines as well who were once you know happily employed or all of the people around Orlando that are living motels because they'll also job at. . Disney. . For example. . have to move every two weeks. . Otherwise they risk you know <hes>. . Being, , a problem for the Ho- The motel owner because after two weeks you can't you know get victim normally you have to go through the court process i. . mean there are an array of stories out there about people suffering, , Michael. . What should we be concentrating on over the next couple of days? ? It's feels like Joe Biden needs to get more of an economic message out there. . Actually, , Biden probably needs to publicize it <hes> Joe Biden. . If you look on their website has a very extensive economic plan that. . Involves taxes infrastructure <hes>. . Various Pandemic Recovery <hes> ideas and Donald Trump and I'm not saying this to be part of Donald Trump has nothing. . If you go to his website, , there are literally no proposals for a second term and so it's kind of hard to know. . <hes> what he would do and Biden perhaps wants to make that case a little bit more Donald Trump talked today about. . Biden plans but if you notice it in his speech, , he didn't say what he would do. . He talked a lot about how bad the Biden and the Democrat tar and that's one of the problems people have suggested that we're seeing with trump's poll numbers is that at this point he is. . Talking, about , the previous four years and a lot of people didn't like what happened in the previous four years outside of the tax cut. . and. He's . not talking about what happens in the next four years or even in the next year and that makes it hard to make a case for your election. . Yeah, , it's a it's a phenomenal time and a lot of people pointing out now that if we don't get something before the election, , it's going to be January. . Before we're able to do more stimulus Michael thank you really appreciate your input and listening to that for us with Michael McKee. . International airports, , and policy. . Correspondent. .
The Verdict on Trump's Economic Stewardship
"President Trump speaking to the economic of New York and various economic clubs across the country and we had questioning from Senate O'CONNELL of the Economic Club of Florida David Rudenstine of DC and Mike. O'Neill. The New York we have Michael McKee with us now our chief. Correspondent for all things economic both and. and Michael a very serious conversation here the president's putting out some ideas couple of inflammatory statements like how Joe Biden Presidency would be a socialist dream in American nightmare. But at the end, he was asked about things like infrastructure stimulus national debt did we hear anything new from the President? No, but we haven't been hearing much new from him throughout this campaign. It's he mostly talks about what happened in the previous three or four years and he talks a lot about, of course what happened to the Obama Administration? The questions he was asked about infrastructure spending he didn't answer. He said what he always says about many different things that he has a plan, but there's never any plan they were coming close to a deal on infrastructure at least Democrats in the House and the president when the President got upset with Nancy Pelosi and broke off the talks and that was two years ago and nothing's been done on infrastructure since. The House and Senate have a very big differences about how you would pay for infrastructure and how you'd structure the program. He said today the walls one of the biggest infrastructure projects ever. That's not true. He did shut down the border under the guise pandemic protection. So that part of what he said about the wall was correct he was asked about the deficit. and. Has Somebody. Else says quite often about this. This is one of those. Up his down down his up trump statements, he said the deficit was falling and we were GONNA pay off interest costs and start paying down principal on the deficit before the pandemic hit. That's one hundred percent one, hundred, eighty degrees opposite from what was happening deficit was rising significantly before the pandemic because of the tax cuts so. It's hard to know exactly what he was trying to do other than insult. Joe Biden and and stir up his base. Yes. Absolutely I think that's probably what we can expect from him. As we approach the elections three weeks left and we're going to get viewers questions. You know at some point tomorrow night's tonight and facts as we will be hearing a lot more from the president on economic matters and so on. But really nothing moves the needle. Until we get some more idea of what happens with stimulus and Ardley Nancy Pelosi doesn't look like. She's about to give in to to to president trump's requests or whatever republicans are requesting not that that's now well, even here's the thing we have to remember that even if the speaker of the House and the Secretary of the Treasury agree on some kind of deal, it would have to pass the Senate as well as the house. A number of house members have already suggested Dowse House Democrats have suggested they would vote against it because. They don't think it's big enough and. The question then becomes how many Republicans would vote for it if it's not considered big enough then in the Senate, you don't have fifty senators who approve of it. The Democrats are pretty united against it and half of the Republican senators say they don't want to spend anything. So at this point, there's a lot of focus on wall, street about the talks talks. In quotation marks between Nancy Pelosi and Steven Mnuchin. But the odds of something actually happening particularly before election day very, very small. Yes and for some reason and she wasn't quite care about yesterday when she was speaking with Wolf Blitzer Nancy Pelosi is not willing to even consider this one point eight, trillion dollar stimulus. What is it in their Michael? Can you decipher? that. She's so against she was actually quite angry with the to Democrats that said that they should be accepting this. The part of the play. A part of it is the way the money is distributed. Part of it is the amount of money for states and localities is not enough they believe and part of it obviously is politics. They don't WanNa give, Donald Trump. He kind of victory before the election you remember the last time when the cares act was passed in the twelve hundred dollars was going out for those who got it in check form trump held up distribution of the checks until he could have his name printed on it and last thing Nancy Pelosi wants is for voters to be opening their mail the day before the election and seeing Donald Trump giving them twelve hundred dollars. Yes that is to I'm sure and also presumably that machine is up and running now. So there may not be so much of a delay this time around but there is an argument to suggest that people need cash. Now, no matter how it comes in a matter who gets the credit right Michael Danny lower on earlier saying this country is in trouble there is particularly because more people are losing their jobs. Now, as we're finding more companies go out of business and. The airlines are a perfect example not going out of business, but laying off tens of thousands of people because they don't have any business to do at this point, and that was one of the hopes of the stimulus bills that they could get aid to the airlines in the short-term But nother interesting statistic came out from the New York Fed yesterday of the people who got the stimulus checks the first time around average of about twenty four, hundred dollars each seventy one percent either save the money or paid down debt. They have money in the bank and so if this. Rebound continued to go faster than expected. We might have a tailwind and we might need less of the stimulus checks I think the biggest difference now is that there are going to be people who. Didn't save. Don't have the money who are losing jobs permanently who may need something yeah. I found that phenomenal as well when you consider just how many people are at food banks in food lines as well who were once you know happily employed or all of the people around Orlando that are living motels because they'll also job at. Disney. For example. have to move every two weeks. Otherwise they risk you know Being, a problem for the Ho- The motel owner because after two weeks you can't you know get victim normally you have to go through the court process i. mean there are an array of stories out there about people suffering, Michael. What should we be concentrating on over the next couple of days? It's feels like Joe Biden needs to get more of an economic message out there. Actually, Biden probably needs to publicize it Joe Biden. If you look on their website has a very extensive economic plan that. Involves taxes infrastructure Various Pandemic Recovery ideas and Donald Trump and I'm not saying this to be part of Donald Trump has nothing. If you go to his website, there are literally no proposals for a second term and so it's kind of hard to know. what he would do and Biden perhaps wants to make that case a little bit more Donald Trump talked today about. Biden plans but if you notice it in his speech, he didn't say what he would do. He talked a lot about how bad the Biden and the Democrat tar and that's one of the problems people have suggested that we're seeing with trump's poll numbers is that at this point he is. Talking, about the previous four years and a lot of people didn't like what happened in the previous four years outside of the tax cut. and. He's not talking about what happens in the next four years or even in the next year and that makes it hard to make a case for your election. Yeah, it's a it's a phenomenal time and a lot of people pointing out now that if we don't get something before the election, it's going to be January. Before we're able to do more stimulus Michael thank you really appreciate your input and listening to that for us with Michael McKee. International airports, and policy. Correspondent.
"david rudenstine" Discussed on KOMO
"Will mean over two thousand flights canceled every month during the busy summer travel season and still nobody really knows when the seven thirty seven Max will be back in the air the shadow war between Israel and Iran and Syrian soil intensifying for a second time in a week deadly explosions rocking the area in and around Damascus A. B. C.'s Giordana Miller reports now from Jerusalem theoria and a watchdog group for human rights are blaming Israel for another round of deadly strikes late Thursday night near the Damascus International Airport the Syrian observatory for human rights says missile strikes hit a wrong in military positions in weapon cargoes killing at least seven including four or Ronnie ends Israel's prime minister who is admitted dozens of such Israeli strikes played dumb in a radio interview on Friday and even at ten now said he knew nothing of the strikes and joked that perhaps it was the quote Belgian Air Force Giordana Miller ABC news Jerusalem we're seeing a new snapshot of an aging America B. B. C.'s Dave Packer has more on that two new reports from the US census bureau say by twenty sixty almost a quarter of all US residents will be over the age of sixty five and life expectancy will reach an all time high of eighty five years but with life comes death government officials predict preventable health risks like smoking obesity and drugs will slow down gains in life expectancy women are projected to live longer than men by twenty sixty but black men American Indian men and Alaska native men are projected to have some of the biggest gains in life expectancy Dave Packer ABC news the one hundred twenty three year old library of Congress getting an update and a face lift to the work of the result of a ten million dollar donation from billionaire philanthropist David Rudenstine that the donation jumpstart's a sixty million dollar project which was approved and partially funded by Congress last year updating the library will also allow officials to move forward with plans for the treasury gallery in orientation center and Thomas Jefferson's personal book collection to ABC news straight ahead close.
"david rudenstine" Discussed on The Communicate Influence Podcast
"Not only about the symptoms but more importantly about the potential causes of discomfort in the paramount of puzzle transition. While you won't see much about women over forty in most media we are really powerful force economic and otherwise and companies who are ignoring us or writing us off as you know past are useful life do so at their peril. I believe it really behooves everyone to spend a little time learning about us else at this season of our lives in order to make communications and marketing targeted at US respectful ineffective. So those are my top three recommendations and I hope you love them as much as I do. Hi there my name is Deena Jackson and I am a Canadian comedian and speaker and podcast. Odd caster and I wanted to share a couple of favorite podcasts of mine that I enjoy listening to I think that they are beneficial for me and also light hearted in an involve some fun stories. So I thought I'd share them with you The first one is called a weakening with this J. P. series You may recognize J. P. series from some fun youtube videos. He's has a strong social media. Presence very comedic approach into spirituality and on his podcast interviews a number of different people discussing the topic of mental health and he does this in a very light hearted way which I think is fantastic. I think that mental health is at the forefront of so many conversations right now and I think anyone who can approach that in a light hearted and funny way is doing well in my books on other great podcasts. I'd like to recommend is under the skin by Russell. Brand Russell brand is a famous comedian actor and activist and this podcast is great because it really tackles some heavier issues with regard to mental health and sobriety and things like that and so if you're interested in those topics like definitely recommend under the skin. Another podcast I recommend is called. Did you made it weird by comedian. Pete Holmes and on this podcast interviews a number of different comedians artists and I love interview style podcast cast. They're very interesting to me. Especially with funny people so certainly recommend that podcast and the last one I recommend is called spooked. which is a a hilarious? podcast it's actual actually situational Ghost stories that are told in a funny way. I was actually a guest on that podcast and it's put on by members of something called the sonar network. So I recommend all of those podcasts. I think that they can all bring a light hearted approach to your day. You can listen to them on your way to work. You could listen to them while you're at work if that's not causing you too much trouble at your desk and I think yeah it touches on some pretty important Horton issues applicable to all of us but in a way that is can you can do it with a smile on your face which we could all be grateful for today so thank you so much and have a wonderful day happy listening. Hey everyone I'm seguin. And the founder of kyrie DOT FM a platform that helps podcasters dote community around their podcast. I'm based in San Francisco California and I'm here today to share three of my favorite podcasts. My first is how a built this guy rats and the reason why I've spent so many hours listening to as because guy has such an authentic voice. He takes time to ask very specific questions. And and I get to learn a lot from the best entrepreneurs in the world. The episodes are also fantastically edited for length in new episodes. Come on every week. My second favourite as Robinhood robinhood snacks. This is my way of keeping up with business news on to go nick and Jack host a bite sized podcasts which makes humor and business all in just twenty thirty minutes they also often do it and just one take which is pretty amazing last but not least because I am a Christian myself. I found myself listening to faith. Driven even entrepreneur their profile top business people and interview them on how they've been challenge to share their faith and their work. I hope you find this list useful. You can reach it to me on twitter at Sittwe. S I D W WHY ED. Thanks for listening. Hello I'm Patton from the UK on the host and founder founder of the podcast. My perfect failure today. I want to share with you. One of my favorite podcasts. So today if you're not familiar with are like to introduce introduce you to the David Rubenstein show which I personally think is fantastic so to give you some background they would is an American businessman. He's no Vesta he's a plant based and he's a former financial analyst and lawyer today and number of years he's been the CO founder and Co Executive Active Chairman of the Colin Group which is like Global Private Equity Investment Company buys in Washington DC. So about the David Rudenstine show Zsa. David Explores successful leadership. The personal and the professional choices of the most influential people in business to give you an example people such as Richard Branson Jeff vessels and Bill Gates is just some of the people that he interviews and has my name Ms Amanda Kapito and I'm a podcast producer and the author of let's talk podcasting the essential guide to doing it right. I live in Toronto Ontario in Canada. And I'm delighted to give three podcast recommendations for the communicate influence podcast listeners. So podcast number. One is called Grammar girl. So this is a slickly produced podcast about fifty minutes each episode really tailored to people who Wanna learn more about the English language. This is good for people who have English as a first language or learning it as a second language I recently heard a whole episode about the Ukraine verse Ukraine. And whether or not aren't you should be using the the and why that's the case. So if you're a grammar nerd me then you'd probably enjoy that number two is without fail oh produced by Gimblett and this is where the founder Alex Bloomberg interviews people who have taken a big risk and either won or lost and so so these are more of a chat castile. podcast really interesting conversations. Though for those of you who might not have heard of Gimblett. There are massive production company with highly respectable podcasts and they have a really great episode in the without fail series. Whether actually talking about the origin of podcasts cast as marketing tools and Alex interviews. Someone named Jeff Aldrich so he can look up for that episode specifically and my third recommendation is is coming from Canada. It's called Kobo. In conversation for those of you have never heard of Cobo. They sell e books readers and audio books and the podcast. Outcasts has the CEO interviewing authors about books that they grew up with and ends at their reading right now to inspire Kurt writing so you could check out season two which just launched on straight now so those are my recommendations hopefully you can check those out and enjoy happy listening. What's Guys Marbury here? Host of the breakthrough success podcast and one one of my favorite podcasts. That I listen to and you guys should consider listening to as well as casting. The pod is a podcast for podcasters and it contains ends up bunch of different strategies. That will really help you up level. You're even podcast is a show that I death recommends once again. This is market very from breakthrough success. I hope you enjoy it. Hi My name's Lockwood and I may digital marketing specialist based in Brisbane Australia. My favorite podcasts listened to at the moment upright the indy hack is podcast podcast and the product hunt weekly podcast. What I love about both these shows is that they sit down with the Mike isn't found is all businesses and they really get a sense of what it's like to be in their shoes so they talk about The journey so I file building their own venture In actual insights to help you learn and new strategies that you can implement into your own business. I find that I get a lot of value. Analysts into bark those shows. I'd be really interested to hear what other people listen at the moment. Because I'm always looking for new CASA GESTURES IT Sheila here with the communicate influenced. podcast the two shows that I'm recommending other writer files and the provoke podcast. The Rights of files has hosted by Kelton read and he interviews a broad spectrum of writers on how they rights and keep going even when they don't feel like writing. One of my favorite episodes is with author Ryan Holiday which is roughly two years old now. But it's well worth with a listen. He talks about his definition of a best seller. How he got his ideas and creates The structure for a book and then how he works on his writing and in addition to writers Kelton talks to specialist about things such as procrastination writer's block productivity all those things that can get in the way of writing something a bit longer than a communications plan or press release. So if you think that you have a book in you this podcast is well worth a listen. A next step is the provoked podcast communications podcast. which until recently was called the Echo Chamber by the Holmes report and this is a podcast that anyone in pr or communication should be listening to? I think it's usually really hosted by Aaron Sugerman. And he's always done this research. So yes really probing questions and his guests Relevant depending on the issues of the day and they're engaging too so the conversation is interesting and just listening to thanks.
"david rudenstine" Discussed on Bloomberg Radio New York
"Itself generally are you bullish on Africa's prospects as a place to in which two people can invest private equity firms or industrial companies to invest I think I'm very very bullish when he comes to a free gun it is the main reason David to the way we have to and T. billion dollars know what this simple in article which will finish by the end of next year first quarter for you know I mean in the next two years this in the next two years David Rudenstine speaking with undercooked then go to him Mr Rubenstein joins us now David what's interesting individual give our American audience little scope and scale of who this gentleman is okay a legal Gant tango T. is the wealthiest man in Africa so the content of of billion plus people and he is by far the wealthiest person range is what network ranges from twenty to thirty billion depending on the stock market in time he's in Nigeria his he was from a very wealthy family but he was not given money when he started any base he built the largest cement business in Nigeria and then the largest cement business in Africa and issues that to build into other areas petrochemicals project is building a large refinery the largest rock refinery now in Nigeria he is a very honest person very philanthropic he's very involved with Bill Gates and philanthropic things in Africa and around the world so he's a a quite impressive individual very modest unassuming in Nigeria he drives his own car around without security guards he's acceptable to people so it's quite a likable person indicia being expiry Sexos what's so extraordinary I'd love for you to comment on this with your expertise of Carlisle he did what's so hard to do he didn't sell out to lafarge years ago did he he did not lafarge wanted to buy him at the time that he probably could have used the part because he was struggling at the beginning but he he he built this big business and it's by far the biggest cement business now he was probably aided by the fact though he wasn't responsible for it it's it's not easy to import cement into Nigeria and so by building the biggest cement company in Nigeria he had a very large market in which to work but he's built cement businesses in other countries in Africa as well so very impressive very smart low key if you were to have dinner with them you wouldn't realize he's fabulously wealthy or fabulously successful were very well known in Africa very modest and unassuming stay this interesting and that this is a fascinating interview for my first but because I just I was not aware of Mr Dan go take is he have any sense that he would like to raise his profile in the west well you may know that from time to time you'll see ads on CNN Banco de um industries and so forth and those are probably raising his profile a little bit but most of his investments I would say far as I know ninety nine percent of its investments are really in Africa he hasn't really diversified out of Africa yet he might do that at some point he has number of daughters and they will ultimately be involved in investing some of this money what no signs and he's you know I do pay well respected person he doesn't use politics to get ahead he knows all the political figures but he basically built a very big business and that's the source of his strength your one time for one more question David Ruben Studdard courses goes to something John Farrell said to be fair emailed and said you've got to ask do you have an update on his desire for the number one arsenal fan in the world to take out arsenal's give us the Rubinstein update he is fascinated by quite quickly cook what is called football we call soccer and I would say that it's something that has an appeal to people in certain parts of the world that Americans probably can't understand but it's much bigger to people in Africa or Europe than football American football is the Ashura baseball is the US and so he he is a gigantic football fans no doubt about it exactly David represent thank you so much for joining us David Rudenstine show peer to peer conversations airs tonight on Bloomberg television at nine PM Wall Street time speaking with the day and go to a group founder president CEO a legal Dan go take is itching richest man in Africa and twenty to thirty billion dollars I I didn't know about this guy at all it's just extraordinary you know some well I'm re rated in in Africa on a major shot a difference in the because really driven for the Bloomberg study of what he has done for Nigeria Paul this harkens back to when you and I were starting on international investment your only option in most countries was buy shares in the phone company rabbi shares of this company was really yeah exactly without exaggeration yeah exactly and that you know I kind of got an understanding of the cement business the construction business start looking at Latin America years ago and that was one of the ways to play the growth in developing markets such as Latin American of course that would obviously apply to Africa as well so not surprising because we think about developing markets developing economies what do they need to build cement maybe this is Jim o'neal meant when he said brick red trees as all anyways David Rudenstine tonight and through the week with Mister Dan goatee on Africa we we are now is sixty six minutes away from what we believe will be a life presidential address some speculation that it would be taped and certainly the tone is critical of market starting a little tap in a little bit to things that right now and you were clearly away Paul from the safe haven moves of twelve hours ago yeah exactly right I think a very sensitive I I think a very sensible kind of reaction from the market arguably it's been fairly consistent over the past couple days of the initial shock this and future stance and the market's down but since then the last days pretty reasonable trading I would argue heaven forbid we get back to boring economic data and maybe it was a learning coming up yup and that eighty G. P. today out with paying up numbers and a strong revision is well we go tomorrow with initial jobless claims in the Bloomberg consumer comfort index and move right on to a very delayed but never the less important jobs they will go beneath the headline date at eight thirty we'll do that Friday morning we are produced by Richard Truman this is Bloomberg interesting creature inhabits the flat plains of many important mobile dashboard the book.
"david rudenstine" Discussed on Bloomberg Radio New York
"David Rudenstine sat down with Bridgewater associates co chairman and co chief investment officer ray Dalio to discuss his early life and how we got hooked on the markets right let's talk for a moment about how you came to be let's say a one of the most respected commentators on economic and financial policy which is starting your firm so you grew up in Long Island when and where you from a wealthy family no my dad was a jazz musician very lower middle class family when you were a young boy were you interested in the financial world or what were you most interested in growing up in Ireland I got hooked on the markets when I was twelve because I used to carry and I would take my money and I put in the in the markets and everybody was chatting about the markets so on how would you do well the first stock I bought I'm but because it was the only company ever heard of that was selling for less than five dollars a share and I figured I could buy more shares of what but make more money that was my strategy the work and it worked and I have a work because this company was about to go broke and somebody came along and acquired it and it by local it went up and I said this game is easy then decided that I would be involved in markets in this game is anything but easy so in high school were you interested in academics or were you a good student now I had at our school did you go to high school you cut classes or what did you do I I did cut classes a fair amount of classes to go surfing did you have a hard time getting into a good school calling all yeah I got in to see that we post college on probation probation on probation okay and what he did well there I love college okay I loved college because well besides mixing the all the fun that college gives you it also when I like this and I could pick the subjects that I was interested in and I am so I look I love college right you must have done research well because you got into Harvard Business School yeah I did I got yeah great great when you graduated what do you do so in my two years it's a two year school in in my summer I like to trade commodities I got in trading commodities now this is down summer of seventy two and so nobody ever for more business school want to commodity division but I went to Merrill Lynch's commodity division I said Hey can you give me a job the director of commodities in that summer getting a job job to help them around nineteen seventy three we have the oil shock bear market in stocks commodities is the hottest thing was hired as director of commodities at Dominic and Dominic having never done anything and the director of commodities she let out eventually though to set up your own firm yeah so that was seventy three seventy four big bear market in stocks Dominic and Dominic essentially went broke I went to what was sandy Weill's firm CBO real Hayden stone at the time became Shearson Hayden stone Reno Nevada law because of our did all those mergers I became in charge of institutional commodities in other words hedging of all different things hi and that put me with all different futures markets and then we got into the environment where seventy four seventy five you got into this environment where the interest rates type is a monitored policy all of those things were driving all the markets so that got me hooked on those markets but anyway I got fired from there because I was a bit rowdy.
"david rudenstine" Discussed on Bloomberg Radio New York
"Kelly and when I come to DC I put on a show David Rudenstine co hosting with me and we're gonna talk to shut down our trade expert in just a minute but first let's get back to Charlie Pellett for an update on the trading Charlie well hello there we are looking at records treason Kelly here with a down the S. and P. and nasdaq all surging on this one group witching the Friday assn P. up sixteen now to record thirty two twenty one of five tenths of one percent we've got the down one hundred twenty three points up four tenths of one percent nasdaq up thirty six right now applying for tents and the ten zero one thirty seconds the yield there of one point nine one percent it's Bloomberg radio and television exclusive we talked to US commerce secretary Wilbur Ross he covered a number of topics including the phase one trade deal with China the normal process trade agreements are unusually rich with for you in English no it has to be translated into Chinese and the Chinese language version to be conformed to the US one so it's taking the time so man of course we will have more on trade coming up in just a moment right here on the Bloomberg businessweek gold down little change down eighty five cents Youngstown about one tenth of one percent fourteen seventy seven West Texas intermediate crude down one point two percent sixty forty three a barrel after earnings carnivals sailing Haro the most in a decade after earnings and it's twenty twenty outlook top expectations as the company made adjustments to mitigate effects from the week European market right now we've got carnival shares up by seven point two percent recapping US equity is there a record assn P. up sixteen up five tenths of one percent I'm Charlie palette and that is a Bloomberg business flash Charlie thanks let you were listening to Bloomberg businessweek casing telling the ninety nine one studio in DC alongside David Robinson co founder of Carlyle group and with us now Sean don in senior trade reporter for Bloomberg one of the busiest guys across the empire Sean great to be with you in your town thanks for having me all right so a big week to say the least on a couple friends as it relates to trade let's talk about China first what happens next we're going to actually get something signed yeah well you heard Wilbur us there it looks like they're in the final stages getting something translated was talking to someone closer process yesterday who said they're basically treating drafts in Chinese right now that I've gone back and forth across the pacifica I guess you go with the email on that one right there talking by the phone as well throughout still working out the details of a signing but the plan at this point is from the the Chinese vice premier to come to Washington in the first couple weeks of January and to sign this thing with Bob light Heiser the US trade representative of course led the negotiations I think this agreement that that doesn't do everything that everybody wanted out of this agreement but it does get enough done so that I think the market uncertainty that arose because of the trying to dispute is probably gone for awhile so the words every issue with China is not going to be resolved but the market is no longer going to say what's happening with China what we gonna do I think this for the time being is a pretty good deal for that purpose yeah there's no question that this absolutely kind of puts at least a pause on any escalation of the prospect of any escalation I think one of things is remarkable is we always forget just how far we've come a year ago we had tear some fifty billion dollars and imports from China we now have terrace on three hundred and sixty billion dollars and imports from China two hundred fifty billion dollars of those imports are subject to a twenty five percent terror if that is likely to continue for the foreseeable future it is not going to be rolled back if this was part of this trade deal and so one of the questions is going to be for businesses I think is you know the administration likes these terrace the president's really like sisters because he thinks are causing supply chains to shift but whether we get into a more permanent shift and in terms of businesses in terms of supply chains and adapting to that was still on uncertainty hanging out there not as much as there was I think the present those like terrorists in part because it's something he can do by himself he doesn't need to cover Congress or get the courts to approve it so that's something that is real presidential power I think the real issue that Bob like Heiser wanted to address it hasn't yet the trash because it wasn't politically feasible is the China twenty twenty five issues those are the issues that people think next ten fifteen twenty years of the more serious ones which is to say that China wants to use its government of money and resources to enable its companies to be a leader in semiconductor production semiconductor side artificial intelligence five G. that's the future of trade in the future technology and those issues for lots of reasons this could be addressed right now yeah and then where will they well I mean in the end that's the big question yeah I mean if we look for that phase one is a pause with some commitments from the Chinese on intellectual property that we don't know the details of yet some commitments on currency manipulation to not do it some commitments on opening up the financial sector and of course he's big agricultural purchases the president saying that we're talking about two hundred billion dollars in purchases of manufactured in agricultural goods over two years but I mean really this is a pause in the big issues like that issues those issues of men trying to twenty five and the broader issue of industrial subsidies in China I mean that is what fueled the rise of industrial China and that is the reason we talk about China's great economic power in the world today is this web of industrial subsidies whether it's cheap loans are cheap electricity those aren't going away well let me try to find it in my terms like often understand this the trade deficit was a problem and it was very recognizable so if you're put presidential candidate or present you could say the trade deficit is too high a got do something about it this might have some moderating affected it will dramatically change it but there hasn't been a political issue that people vote on China twenty twenty five people don't quite understand that so if your warning for reelection in two thousand twenty if you've got the phase one deal done I think you won't have any political problems of saying we'll deal which want to try to twenty twenty five later I think that's right I think you've also got these terms in place which will satisfy the hawks that you are taking action in that you are taking a hardline against China for the time being so Sean before we let you go the other thing you SMCA us mica as we so fondly call it here in our show success it happened after two point oh well it hasn't happened that she does yeah and close that always the way with trade still these through the Senate but a really a remarkable vote in the house of representatives yesterday with three hundred and eighty five members of the house voting to back this trade agreement I go back to what Bob light has or said two years ago when he said I need to have a big bipartisan vote on a new nafta and this is just a renegotiation of after we need to remember but I need to have big bi partisan vote because I want to rewrite the politics of trade mereka and the big question today is now we've got this big bipartisan vote are we going to go into a different world when it comes to the next yeah all right we're gonna leave it there Sean dot and always good to catch up with you see your trade reporter for Bloomberg we're going to be talking about trade a lot in twenty twenty I have a feeling really count on Shawn he always brings us the real contours of this whether it's in Michigan as it relates to this so stay tuned for all the fat you're listening to Bloomberg Bisley let's get around the corner to Martin to kero.
"david rudenstine" Discussed on C-SPAN Radio
"The Washington library at Mount Vernon Monticello Montpellier Hey and the Arlington house David is also purchased rare copies of historic documents like the declaration of independence the Emancipation Proclamation and Magna Carta to ensure they are publicly displayed at places like the Smithsonian and the National Archives and of course we here at the economic club no he has become an insightful revealing an entertaining interviewer at our signature events and six two thousand and sixteen as the host of Bloomberg television's the David Rudenstine show our conversations he's become quite the television star David a lifelong historic history enthusiast is following his passion and releasing his first book the American story conversations with master historians consistent with Davis ongoing gifts to the nation he will donate the book royalties to the library of Congress literacy awards and now in its twelfth year as economic club president David has completed one hundred and thirty three interviews for a club today that has over nine hundred members we can truly say without exaggeration that the economic club would not be what it is without David at the helm so with a hearty round of well deserved recognition and applause let's all please welcome David to the stage as our extraordinary leader thank you very much thank you thank you thank you very much thank you thank you very much thank you for thank you so thank you very much.
David Rubenstein talks to Ray Dalio
"David Rudenstine sat down with Bridgewater associates co chairman and co chief investment officer ray Dalio to discuss his early life and how we got hooked on the markets so you grew up in Long Island and where you're from a wealthy family no like that was a jazz musician very lower middle class when you were a young boy were you interested in the financial world or what were you most interested in growing up when I went I got hooked on the markets when I was twelve because I used to caddy and I would take my money and I put in the in the markets and everybody was chatting about the markets so on how did you do well the first stock I bought I book because it was the only company ever heard of that was selling for less than five dollars a share and I figured I could buy more shares of went up and make more money that was my strategy her work and it worked and I have a work because this company was about to go broke and somebody came along and acquired it and it by local it went up and I said this game is easy then decided that I would be involved in the markets in this game is anything but easy so in high school were you interested in academics or were you a good student no I had at our school I did cut classes a fair amount of classes to go surfing did you have a hard time getting into a good school calling all yeah I got into CW post college on probation probation on probation okay and what he did well there I loved college okay I love college because well besides mixing the all the fun that college gives you it also when I like this and I could pick the subjects that I was interested in and I am so I look I love college right you must have done research well because you got into Harvard Business School yeah I did I got the upgrade grades when you graduated what do you do so in my two years it's a two year school in in my summer I like to trade commodities I got in trading commodities now this is down summer of seventy two and so nobody ever for more business school wanted to commodity division but I went to Merrill Lynch's commodity division I said Hey can you give me a job the director of commodities in that summer gave me a job job to help them around nineteen seventy three we have the oil shock bear market in stocks commodities is the hottest thing was hired as director of commodities at Dominic and Dominic having never done anything and the director of commodities but as part of and that's so that's what I say let out eventually though to set up your own firm yeah the so I that was seventy three seventy four big bear market in stocks are the Dominic and Dominic essentially went broke I went to what was sandy Weill's firm CBO Leo Hayden stone at the time became Shearson Hayden stone remain above the law because of our did all those mergers I became in charge of institutional commodities in other words hedging of all different things hi and that put me with all different futures markets and then we got into the environment where seventy four seventy five you got into this environment where the interest rates targus a monetary policy all of those things were driving all the markets so that got me hooked on those markets but anyway I got fired from there because I was a bit rowdy did you find someone that can share some thoughts in the face for the appointment book that's not a good way to prepare for that was but that was it was new year's eve we got drunk on new year's eve and you punish somebody other than your boss didn't think of that anyway he but it didn't last long okay okay so you have to always started the farm because I was and because the clients who want to do business what year was at the start of the firm nineteen seventy five so it grew truth from one or two employees to how many well in nineteen eighty two it was I I think there were eight employees a in here at one point and then I had a terrible eighty two so and then it came down to one employee so nineteen eighty three or so it was just me you have to borrow money from your father yep so let me tell you about the moment so nineteen eighty nineteen seventy nine eighty eighty one I calculated that American banks had lent a lot more money to emerging countries of those countries will get paid back and I anticipate that there would be a debt crisis and with that an economic crisis so that was my thinking and August nineteen eighty to Mexico defaulted on its debt and a number of countries fallout and so because I said that I got a lot of attention about that and I thought that was going to be producing a bear market in stocks and I could not have been wrong more wrong August nineteen eighty two was exact bottom the stock market and I was wrong and as a result of that let's take my employees are lied to let them go I lost money for myself on was money for and I had to borrow four thousand dollars from my dad it was the most painful one of the most painful experiences but it was one of the best experiences that ever happened to me in my life that was Bridgewater associates co chairman and co chief investment officer ray
"david rudenstine" Discussed on Bloomberg Radio New York
"In the five hundred is down about a tenth of a percent down two points to thirty thirty four the Dow Jones industrial average little change down eighteen points to twenty seven thousand fifty four the nasdaq down a tenth of a percent or a eleven point eighty two sixty five NYMEX recoils down half percent or twenty six cents at fifty five twenty eight a barrel coming school that a third of a percent or four dollars seventy cents to fourteen ninety five thirty announce the euro one point one one one two against the dollar the yen went away point eight nine General Electric up ten and a half percent after raising its forecast Mattel soaring up seventeen and a half percent accurate sales beat analyst estimates apple and Facebook reporter named after the close today and the US economy rose one point nine percent in the third quarter and a report on private hiring showed solid gains with both the data sets topping analysts' estimates and that's a Bloomberg business slash Thoman call Karen thing so much can learn read on the screen here a little bit of a friend Spike Lee in is but a quiet tape this morning twenty seven thousand forty nine on the dial the David Rudenstine peer to peer preview always brought you by Wells Fargo technology banking in the tech industry challenge is what you make of it great solutions and get solutions with Wells Fargo David Rubenstein always in good conversation in this time of the gentleman who in alternative investments in the hedge fund business is done better than good here is David Rubenstein and fiscal space with ray d'alessio on fiscal policy there's no room for additional tax cuts you agree because we already have such a big deficit so you couldn't really cut taxes and the many more or do you not agree with that I believe that in terms of spending that probably there will be increases in spending that probably will not be well funded and so now we're in it and when you ask about that I think we have a political question and that's which is relevant to also the markets between now and the elections we're probably going to have very different policies built policies may be more of the left in policies more of the right more extreme politics greater polarity and the choice will be great Virgilio in conversation with David Rubenstein again in support of peer to peer David Rudenstine radio yours are interesting place within investment within making money at Bridgewater and then of course all of his book writing in efforts as well who is ray Dale yo you spoke to a daily is a person who came from very modest circumstances his father was a jazz musician on Long Island and he was not a great high school student did better in college went to Harvard Business School have some modest success and then some failures of any openly built the biggest hedge one of the world now managing a hundred and sixty billion dollars he is still the co chief investment officer of that fund and he is give up the titles Nkosi of Colosio but he's still the chief investment officer with our two other individuals he has a general view that that certain principles had guided his life and he wrote a book about that principals and it is sold so far two million copies which a lot for business book it's quite interesting goes to his wife cross the principles that govern his life and everybody seems to have mired him greatly in recent years because he not only has been destroyed getting hedge fund but during the Great Recession he helped perform virtually everybody else in the hedge fund world and that gave him a great deal of public attention that he had not had before his chip will explain his charm David Rubenstein is he has a question it but it's not a gloom I do not consider him part of the gloom crew parse state forest his reticence or caution is worried about our financial system verses he's not overly gloomy well he has the view that as he just heard of you heard on the tape that that we probably will have us some more spending that we are going to really pay for through an initial taxes but so far he's view is that global growth is not going to stop this year or next year we we there's always a chance recession but his general view is that we'll probably have low growth for another year or so and he's not as gloomy as some people who would say that the numbers with us we're going to go lower than he thinks it will be the case with David Robinson the Carlyle group in support of peer to peer conversations regalia let's bring in Paul Sweeney at the Bloomberg it conference in Brooklyn Paul thanks so much Tom so David you know given what he was talking about the greater or increased polarization that he expects going forward you get the sense that just broadly speaking his view of the.
"david rudenstine" Discussed on KSFO-AM
"Want to make sure that we work as quickly as we can but we also have to be F. details we can we had to be out of going to court for that case is going to stick one according to the case with all of the evidence and not just even though we know that we we thought we knew pretty early on that he was about we want to make sure that we get because I've got a dollar tree. I think it's pretty clear that I believe is a serial killer. Martin was initially arrested in June in the rape and attempted murder of a woman who was able to escape that attack at that point police had already in covered three homicide victims teams of police officers and other city workers were searching hundreds of vacant buildings for more bodies. prosecutors will have a recording of a twenty year olds that call to an emergency dispatcher and is online posts when they try to convince a judge that he should be put on trial for opening fire in a southern California synagogue killing one woman and injuring three people the man's pleaded guilty not guilty I should say to murder attempted murder and arson and which he tried to try to start a fire at a mosque his preliminary hearing is expected to last up to two days. health officials say US deaths and illnesses from a rare mosquito borne virus are higher than usual this year eastern equine encephalitis is been diagnosed in twenty one people in six states five people have died that the infection is only being seen in certain counties within a small number of states each year the US has at least seven illnesses and three deaths on average it's not clear what the numbers are up this year but for some reason cases seem to spike once every several years most infections occur in the summer so health officials don't think it will get that much worse and after a three year closure the Washington Monument re opens to the public today at noon and closed in September of twenty sixteen in order to replace the aging elevator an upgrade security systems Mike literacy is with the National Park Service. just like its construction the reason why we did was also public private partnership businessman and philanthropist David Rudenstine.
"david rudenstine" Discussed on C-SPAN Radio
"America and its allies responded and. again so far so good and then Harry Truman the president his aides said when you're going to go to Congress for war declaration just since our audience member here rightly said as FDR had done in nineteen forty two nineteen forty three and turn on who might otherwise lan for many reasons not all. I'm not going to go to Congress fast for word declaration. because it's nineteen fifty there are a lot of fights in Congress I have to you know run a. turn campaign this fall and it's going to do is arouse problems for me and the administration I'm just going to go ahead and send troops to defend South Korea and I don't think anyone's going to object one call to the police action and Truman agree you found out your book something very interesting that why did we actually have the Korean War in the sense of the north Koreans invaded the south but that's not because they were led to believe by Truman or his secretary state that we wouldn't respond. reason was a bird groups that was made by our secretary of state dean Acheson who in January nineteen fifty give a speech at the national Press Club implying rats South Korea might fall outside our defense perimeter and you know fairly suggesting perhaps to the other side why not try to grab South Korea and test the principal and you know if we were wrong and we ended the Russians have any objection to the prefer could be done cheaper and effectively doing a clean and more one of the Chinese have to say about it sort of. Michael Beschloss presidential history joined by David Rudenstine of the Carlyle group. president of war show when the north Koreans invaded South Korea and we decide to pursue defense.
"david rudenstine" Discussed on Bloomberg Radio New York
"Business week with chase in Kelly from Bloomberg radio here with you my very special guest has stated Rubenstein he's got a book coming out in late October it's called the American story conversations with master historians and the folks he lined up to give it some praise to blur but as they say in the business is Michael Beschloss author historian author himself of nine books on presidential history including most recently presidential courage and the conquerors he joins us on the phone from Washington DC Michael thank you so much for joining us thanks a lot my pleasure all right so I'll ask the question it so he doesn't have to would you make in this book all right the book was spectacularly American story and you know we have story and think of David Rudenstine of someone who was a a born historian he was sort of sidetracked alone and venture capital for a few decades now we've got it back in this book really show well actually Michael himself was sidetracked for while he went to Harvard Business School how many historians you know went to Harvard Business School I think that was to please his family but his real love was history as well well I think that's right so we overlap a little bit and in the packaging they they they're not have been great some Michael arm hi pre shake your kind words about the book and I have interviewed Michael right kind words have the added advantage of being flew the Michael has a new book himself are we tried interviewed him on the presence of war and you might describe Michael what that book is about is about president so far major wars from Jane that is that all the way through Richard Nixon and the fact that as time went on president got more and more power to wage war is almost single handedly and the result is that presidents nowadays are a lot more powerful than they were at the beginning and maybe more so about the people wrote the constitution written original intent and the last time we actually had a declaration of war was when was nineteen forty two when there was a declaration of war by Congress again couple of countries in central Europe not long after Pearl Harbor and ever since then is David wells never been a declaration of war although there have been one or two wars since then I think and so let Michael I know that this is the sort of question that you as a historian get a lot of how do you sort of keep track of things that are moving so fast in the present and apply what you know is a historian to try and make sense of it in real time or or do you just sort of throw up your hands and say I'm gonna need a little bit of time to digest it's a really good question you know sometimes you can see things that are happening in real time and they would remind me or remind one of the other great history I should say one of the greatest orient the favorite book like David McCullough around here now each of when we were Taylor branch to Robert Caro and we've all talked about this and sometimes we watch president trump for president Obama to something that reminds us something in history but that there's a difference between that and being able to get a real time saver this is one of the club will be seen in history this is the way the president Obama will be seen in history I believe that takes about forty years or more to begin to get a fix on a president in history because of two what is it usually takes that long to begin to get access to the kind of sorts to show us what the president was like behind the scenes ma'am emails perhaps you know other document but more important than that I think it takes at least forty years to get the kind of client side but allow us to see what about a president was important in the in the light of history later on and what that would have been eighty and if that's the concern of people of his generation but turned out later on not that the thought or so that's the difference between right and so in the Michael your first looking out of it real as a presidential historian I would you would say the greatest American president was filled well I would say probably a weed Abraham Lincoln at George Washington they had different paths to a different time yes I would say Abraham Lincoln is the person held the country together I'm not sure anybody else at that time would have worked so hard to keep the country together been easier to say the south goodbye and I think washing of the second because he created the presidency essentially and much of the many things he did we still live with so I think beyond those two are you can debate many different people F. T. R. T. R. but I think those two are in a league by themselves and that's it David Rubin signed my very special co host for one of the days this week on our daily radio show check that out every day from two to five PM Wall Street time he was able to catch up with me with Michael bash lost noted author and historian about.
"david rudenstine" Discussed on Bloomberg Radio New York
"Thank you so much you are listening it to Bloomberg businessweek chasing Kelly and David Rudenstine here in Washington on this special edition of Bloomberg businessweek that come in York Peter Kohli economics editor for Bloomberg businessweek he's in our Bloomberg interactive brokers studio and Peter is so much going on with the fed so much going on in the economy looking ahead to Jackson Hole forest what's top of your agenda I see and we want to know what Jay powers could be saying on Friday this topic is challenges in monetary policy but what everybody wants to know is will the fed keeps cutting interest rates they cut a quarter point in July turning around from the increases they'd headed nine quarter point increases up until then so he described them as sort of a mid course correction in other words not the beginning of a long term downtrend but he was a little bit vague about what that meant people want to know how many more rate cuts might there be in twenty nineteen that market is sort of penciling in at least two maybe three so do you think that the it's really likely that shape how is going to announce anything definitive because very often there's a build up to what the fed chairman says at Jackson Hole but often there's a disappointment because they talk in fed speak and no one can really figure out what they're really saying so you expect the fed speak kind of speech or something very definitive no it's definitely gonna be one the the effects speak kind of talk it's an academic conference and it'll be about the big picture and how old you know isn't gonna like tip his hand too much but I guess the point is that people read the tea leaves they're all criminologists now and they're looking for the tiniest little indication of of what policy might mean there also could be a lot of lot of action on the sidelines between the speeches where the reporters who were covering the event including Bloomberg zone will be try to ferret out any information I can't because not set as the most important central bank in the world the interest rates that are set in Washington affection to face all over the world well and you're good and we're also going to hear from another of your former colleagues David Randal Quarles out there as well as someone David who you know worked in the White House worked on economic policy domestic economic policy what do you make of the of the current sort of milieu around the fed versus the administration there's no doubt that the fed has got an enormous amount of attention recently and both Randy corals and shape how did work at Carlisle for number of years are both very talented individuals I think that my own observation is that typically you don't see a lot of definitive answers coming out of out of Jackson Hole because I think the fed share likes to make it clear that he's not the only decision maker it's the FOMC which makes interest rate reservations and I think he doesn't like to get too far out in front of them so they like to make decisions the collaborative and then the fed chair or somebody will probably will announce and explain them but I think it's a good time everybody has fun out in Jackson Hole it's they like to ride horses say the weather's great Jim Wolfensohn often host people there at his home there so it's a great time but I don't think you're going to see anything that's that definitive and so Peter what's your latest read on what we're hearing from the president as recently as today he wants a hundred basis points cut how is that playing through the markets how is that playing with all the economists you're talking to yeah we're not seeing a lot of reaction in the market and couple reasons for that one is that he's been on this thing for quite awhile now so it's not really new the fact that he's being specific about saying he wanting at least a full percentage point is a bit fresh but J. Paul as a a day room as I just mentioned is you know a kind of guy who's not easily pushed around and he's made it quite clear that he doesn't base interest rates on political decision making criteria he's good on what's right for the economy so what would change the outlook for interest rates to be more change in the real economy rather than a change in the verbiage from the White House I think that the the fed chair has previously indicated that he's got flexibility in going to lower interest rates again prism the FOMC is supportive of that I I think sometimes when there is political pressure on them it makes it more difficult in some ways to look like you're not responding to political pressure Chuck whether that is the case or not I would not be surprised if there is an interest rate cut before the end of the year and I think the market is a show me at least a fifty basis points into interest rate cut right yes the the market's pricing in somewhere between fifty and seventy five basis points by the end of twenty nineteen what's the economic story were not paying attention to Peter going who Jeez I am not paying attention to it you got me on that one all right I all I will say something though as I'm reading of serve a positive story for this issue of the magazine yeah and saying that trump himself seems to be quite quite concerned about a recession a coming on his watch that would support his reelection campaign and that is why he's pushing the fed so hard that's also why he's talking about possible payroll tax cut why he seems to be looking to make some kind of deal with China no backing off I'm part of the that was supposed to take effect in September I think in spite of what he says about being confident in the future the economy in reality I think he is concerned right all right typically really their economic center for Bloomberg businessweek looking forward to reading that story in the upcoming addition and just ahead and catch up with an old friend of David Rudenstine Michael Beschloss author historian he's going to join us on the phone from DC but first let's stick in DC get to Martin to kera he's got some world and.
"david rudenstine" Discussed on WNYC 93.9 FM
"The founding director of the Smithsonian's, national museum of African American history and culture has been selected to lead the entire Smithsonian Institution. Lonnie bunch, the third will oversee nineteen museums nine research, facilities, and the nationals zoo. He will be the first African American to hold the position since the Smithsonian was founded one hundred seventy three years ago, NPR's, Elizabeth, Blair reports you can practically smell the history in the Smithsonian's nineteenth century castle. That's where Lonnie bunch received a round of applause board members fellow museum directors major funders, and his mom gonna make a historian cry. Lonnie bunch, has worked for this Massoni in various capacities for about thirty years. But his crowning achievement is opening the Smithsonian African American museum in two thousand sixteen four and a half million visited in its first year. It's forty thousand piece collection includes NAT Turner's bible, and costumes from the Broadway show, the wiz, David rudenstine, chair of the Smithsonian's board of regents says, bunch started with almost no money, no donors, no land, and no artifacts and over a period of about twelve years or so he put everything together. So it was a real tour to force that we're plenty of other people involved. But Lonnie was the general bench was born and raised in Newark, New Jersey. His parents were schoolteachers. He's worked at two other Smithsonian museums Aaron space, an American history. He says he wants to make the institution more nimble, and he wants the public to think of it as more than a collection of art and artifacts. I wanted to be the kind of insta-. Petition that helps us debate that helps us discuss that helps us understand that helps us become better as a nation. Bunch will also face budget challenges, many of the Smithsonian's buildings are in desperate need of repair. He will replace David squirting, a cardiologists, who is leaving to head up the association of American Medical colleges. Elizabeth Blair, NPR news, Washington. People in Tulsa, Oklahoma are bracing. For more rain tonight and tomorrow and that means more flooding in a city that has already been drenched. It's lead to floods evacuations and a big test of the city's levees, Matt Trotter of member station. K W S in Tulsa, joins us now. Hi, matt. How bad is it right now there until saw? So the Arkansas river that runs through Tulsa. Since last Monday. It's up from eleven feet, which is a little above average. But still pretty typical to more than twenty three feet its highest recorded level was back in nineteen Eighty-six at twenty five so it's still two feet below that all time high. But it's still really high here, and how is the city dealing with all of this water. Well, we have a Levy system, and that's keeping water out of a lot of areas. Right now as the US army corps of engineers, let's water out of keystone dam. That's the main dam for the reservoir upstream. From us. But the US army corps of engineers is just trying to balance those releases with what comes into the reservoir as we get just a ton of rain. I mean some areas around have had twenty inches in the past month. So it's, it's a lot of rain that we're trying to deal with yet. Tell us about what sitting leaders are saying right now. Sure. So earlier this afternoon, Tulsa, mayor GT bynum held a news conference to give an update. Here's what he had to say about the levees, the levies continued operate as they're designed. They do have a heavy load on them. They're being tested in a way that they never have been before we continue to encourage people that live behind those two, please proactively relocate and the mayor's calling this, a high risk situation right now, but not in emergency just yet not yet, but more rain is expected tonight and tomorrow. So what is the outlook for the future? Well, the army corps of engineers is in charge of the dam, and they're hoping things will improve in a few days. What they told us during the briefing. This afternoon was as long as what flows into the reservoirs stays even or below what they're letting out, then things should be okay. They expect the level to start decreasing sometime this afternoon. And that'll make a little bit of room for any additional rain that falls in the area tonight now under stand today. City officials warned people to stay out of parks along the river. Have people actually been going there where the river flooded? Yeah. That's actually been sort of an interesting problem. That's happened. People wanna go look at the river. See what's basically historic flood situation. They're taking photos and self as I've seen pictures of people actually waiting into the river, full on bathing in the river like as their own personal hot tub or something like that day. No. Absolutely not. There's a few risks, the obvious one is it's dangerous just to walk around in area, where the water's been eating away, at the ground sinkholes could open up. But there's also raw sewage in this floodwater. And there's also venomous snakes, there's water moccasins washed down with the flood. Right. Matt Trotter of member station. K W in Tulsa, Oklahoma. Thank you for joining us. Stay safe.
"david rudenstine" Discussed on Bloomberg Radio New York
"Feeling is mutual influential conversations from Bloomberg television. Here are Tom Keene, and Francine we're continuing our conversation with David rudenstine Carlisle group co chairman and co founder, do you think President Trump is a two-term president? If you go back to last ten presidential elections two years in advance and predict who the president is going to be two years down the road, you'd be wrong almost every single time. So trying to predict two years in advance is impossible beyond what I can do. That's good. But we're also waiting for him to jump into the democratic. Party ring to run for president. I do feel embarrassed and humiliated in many ways to be a person who feels I've accomplished some things like, but I'm not running for president everybody. I know is running for president. I don't I'm the only person I know not running for president. Are you suggesting Trump is not a one off? No, I'm not saying that I'm just saying that Lee's forty percent of American people agree with his positions on China, at least, maybe more and therefore the Chinese recognize that if they don't say she ate his interest, whoever replaces him will have similar interests. So they want to get a deal done. They just wanna make sure they know what the deal is American people really want. And that's what the debate is about the Democrats are trying to find a new liberal voice. What does the new liberalism looked like after what we've seen for twenty years? Is it scooped you? Excellent. Hubert Humphrey is speaker Pelosi or is it a different liberalism Potter Stewart famously said about pornography. I know it when I see hear more interviews like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. This is Bloomberg surveillance live and on Bloomberg radio from Davos,.
"david rudenstine" Discussed on The Brookings Cafeteria
"My name is only of I I'm a David rudenstine fellow in the foreign policy program the center for United States in Europe. And I work I like to say at the triangle, Russia, Europe, US relations and everything in between. The question of where grew up is always a complicated. One I was born in the Soviet Union and actually grew up in Soviet Ukraine in Kiev and my family immigrated in nineteen Ninety-one before the fall of the Soviet Union to Atlanta Georgia, so in straight from the Soviet state to the south in the United States and grew up the rest of my childhood there. I did my graduate work university of California, Berkeley and sociologist. So I'm actually a sociologist not political scientists, and I think looking back or interested me in sociology specifically, and especially in studying Europe, which is what I studied for my graduate work study, the rise of a political parties in Europe and spent about two years doing interviews in Ukraine as part of that research. I think if I had to give a reason on the one hand, I've always been interested in understanding how the world works, and in college, I said economics, which to me was an unsatisfying answers to how the world worked and sociology said to fill in some those gaps about society, and culture and power that economics didn't really touch in a specific way. I think at the end the day sociologist. Interested me for the theoretical concepts ideas that allowed me to engage with. And I think this desire for knowledge is probably would drives most of us to be scholars at the end the day. The desire to understand what is driving the change in the world that we find ourselves imbedded and as individuals. I think the most important issue facing today is what will the international order look like in the very near future. We're certainly in a time of incredible flocks and incredible change. If we look back at the world since the end of the last major call which was the second World War. You know, it looks pretty stable in the trend lines were all pointing in the same direction. And of course, since the end of the Cold War, the fall of the Soviet Union the transformation that's happened to Russia and China and the internal transformations happening in democracies today in the United States in Europe in central eastern Europe means that were not looking towards the world that looks like where we came from. And we actually don't know what this new world of geopolitical competition. Multiple Urdi Henry wanted to find it will look like. And I think some the challenge. Is there were seeing today to democratic institutions driven by internal grievances internal political movements across the Atlantic. And also the rise of third Cherian states like Russia, and China, I think presents a very concerning picture going forward a world looks like it could be dominated by authoritarians versus democracies. It certainly hope that's not the case by this is the biggest challenge facing the global order today. So when I'm working on now is not something ever thought. I work on the my background as a qualitative and quantitative researcher. I'm increasingly working more and more and try and turn your stand tech. I mean, one of the things as driving the societal global change that I was talking about earlier is this massive digital revolution. The entire world has undergone a very short period of time. And we don't understand, and we don't know what the consequences of they're going to be. So one thing I'm trying to understand what are the implications of emerging technologies like artificial intelligence like decentralize ledger. Technologies underlie cryptocurrencies for the future of political warfare for the future of disinformation. And how state actors and non-state actors will use these tools in militias ways..
"david rudenstine" Discussed on MAD MONEY W/ JIM CRAMER
"He didn't even seem to be aware of what was happening economy underneath those terrific employment figures, and they are terrific even today even today the market dipped when he spoke about the strength that he keeps seeing take a listen. And we see continued momentum from the data right through the beginning of this year. If you look at the incoming data right through the end of the year and into the beginning of this year. You don't really see any evidence of a slowdown. Chase the waste. No evidence of a slowdown continuing momentum. Hey, why don't you? Try to Jeff connect the CO. Macy's who let us know today that after black Friday, his company, a market deterioration consumer spending across many different categories is that is that robust Macy's as an iconic American -partment store chain Winstar plugging eighteen percent of single day to me that's evidence of a slowdown. Same goes from the not so hot same store sales. There isn't target Kohl's L brands all three of which solo substantially. Hey, pal. Think that American Airlines is somehow an Alar other. No, not from delta just six the couple of days ago American the largest in the world merely confirmed the shortfall the quote delta by surprise just yesterday morning Lenore the largest homebuilder in the country told us about how disappointing the year end even that we can just temporary did happen. And it's not just little r k b home another major homeboy with its focus on the formerly red hot, California market is pretty cloudy now. Well. Said it to the close season dodos will cool in orders. So why didn't today's day luge of bad news, send us back into the rolling bear market territory. Like we saw in the fourth quarter. Why aren't we fighting tape anymore here because while Powell may sound certain when he talks about the strength economy? Somehow still recognizes that inflation isn't roaring back from it. He knows the stock and bond mortgage. So we're signalling that not all as well. And that's why he's willing to be patient and his patients means we're no longer fighting the now on perturb, the pal doesn't fall the actual action underneath the thing that I thought right? That's what we do here that actually explains that we had housing and orders and airlines and travel and leisure, and plastics and cell phones, and boxes and Cargill and sending butter and oil and lumber and copper and now retail of shocked at pal can honestly say he doesn't see any evidence of a slowdown in quote doesn't mean a briefing for me. He's getting one what we do we call it the eight block. Yeah. But you know, what today? Pell also said that he's not going to lay out a niche in stone trajectory. Rate hikes because he's going to be quote patient and watch and see what does he Volve that was the best quote, this whole interview with notif- units here, David rudenstine, by the way. That's what matters bottom line. This new found rolling bull market is all about the fact that we're no longer fighting the fed and you soon have to fight the tape. So even with notes, you Chinese trade deal, even though functional government. And no real sense of how we eat corporate numbers will turn out to be the bulls. Are running free in this environment even day where the average is arguably should have been crushed by the weakness Q, monster leadership groups retail and the airlines why don't we take some questions? I say we go to Alex in New York LX, Jimmy. We all. Given American guidance cut today, plus the uncertainty rounding no pack Saudi Arabia, Russia China. How do you view the airline sector going forward is this an opportunity or we need to wait for things to shake out a little I am look, I don't even want to say in the long-term, blah, blah, blah, because there are other sectors. That are so beaten up that. I'd rather be in 'nam. There's week this inexplicable in the airlines, frankly, and I think that with oil down like this, they should do better. But I feel like every time they say something negative. He get hit get hammered again. So why don't we just stay away from the group for now until we have some sort of positive story that can be told. Hey, one of his at Robert in Nevada, Robert. Hey, Mr. Kramer, how you doing today? I am doing well. Robert how about you? Pretty good say you've been talking recently, but putting money into CDs. I turn it to that..
Alex Ferguson, ex-Manchester United manager, undergoes emergency surgery for brain hemorrhage
"The attacks on november thirteenth five years ago this report from david bamford the french foreign ministry said it disapproved of president trump's sessions and called for the victims memory to be respected francois alone who was the french president at the time of the attacks said mr trump's remarks was shameful emmanuel false who was his prime minister called them indecent and incompetent speaking to the american gun lobby on friday mr trump used hand gestures to mimic the gunmen shooting their victims he said the men who killed dozens of people in a paris concert hall that night would have fled or been shot if just one employee had a gun world news from the bbc pakistani officials say at least eighteen workers have been killed in a gas explosion and mudslide at two coal mines in the province of baluchistan eleven bodies have been retrieved following the explosion at a pit in the malwa area about forty kilometers from the regional capital quieter two more workers were killed and five others were injured in the landslide as another mine nearby officials in malaysia say they've intercepted a ship carrying about one hundred and thirty two line can men women and children they were believed to be heading for australia and new zealand sixteen people have been arrested suspected of involvement in an international people trafficking network the former manchester united manager alex ferguson is in intensive care after undergoing emergency surgery for a brain hemorrhage he had the procedure on saturday some of the biggest names in sports including david beckham imo farah has sent messages of support for him and his family the seventy six year old retired from the united five years ago david rudenstine is outside the club's old trafford stadium this is a man who is respected across the football community the football community coming together and also the likes of mo farrer and sports stars from the nba basketball in the united states and beyond this is news that really has rocked the world i think it's no exaggeration to say and the thoughts are with sir alex ferguson as he continues to recover the american television comedy show saturday night live has focused a comedy sketch in which.