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Apr 11, 2024
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kkr's path to a trillion dollars, bloomberg tv's lisa abramowicz it's down with the co-ceos of kkr and we will bring of their occlusive conversation -- there are schools of conversation later this hour. . ♪ katie: welcome to bloomberg markets. looking at stock markets on this morning, you can see is pretty quiet. the s&p 500 is unchanged, big tech is trying to stay green and the nasdaq is currently up about 0.3%. we did have ppi coming in hot but a downside surprise relative to expectations. that's giving a little bit of relief to the bond market. the 10 year yield is higher but only to the tune of about two basis points. that's relatively quiet relative to what we've seen earlier this week. all eyes are on ai and -- and amazon's annual letter. they say the cloud infrastructure will become an essential part of the ai move. they are optimistic that much of the world changing ai will be built on top of aws. we have more details. it makes sense that they would want that to happen. >> one of the things everybody needs to remember, amazon has a commanding lead in cloud infrastructure. the
kkr's path to a trillion dollars, bloomberg tv's lisa abramowicz it's down with the co-ceos of kkr and we will bring of their occlusive conversation -- there are schools of conversation later this hour. . ♪ katie: welcome to bloomberg markets. looking at stock markets on this morning, you can see is pretty quiet. the s&p 500 is unchanged, big tech is trying to stay green and the nasdaq is currently up about 0.3%. we did have ppi coming in hot but a downside surprise relative to...
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Apr 22, 2024
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and i'm very happy to report that last year we were sold to kkr, and kkr has spun us off and made us truly an independent company again. and one of the biggest independent companies, in fact, the biggest independent publisher of adult and children's books in the usa. and we hope to two to grow even further and become even better than we already are. how many titles are you planning to publish this year, your centennial year? it's about 1200. i haven't i haven't counted and that number is a little bit ambiguous because sometimes we first of all, we publish all over the world. so we're publishing in the united kingdom original books and in canada and india and australia, in addition to those in the usa and also sometimes we'll do two editions of a book. so a children's book might be a board book and also a hardcover. so that's why the number is an exact. so how many? how many books will you sell in a year. about? well, i know that we sell about you know about $1,000,000,000 worth of books, but i actually don't know how many units that translates to. mr. karp if somebody picks up a macm
and i'm very happy to report that last year we were sold to kkr, and kkr has spun us off and made us truly an independent company again. and one of the biggest independent companies, in fact, the biggest independent publisher of adult and children's books in the usa. and we hope to two to grow even further and become even better than we already are. how many titles are you planning to publish this year, your centennial year? it's about 1200. i haven't i haven't counted and that number is a...
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Apr 1, 2024
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and i'm very happy to report that last year we were sold to kkr, and kkr has spun us off and made us truly an independent company again. and one of the biggest independent companies, in fact, the biggest independent publisher of adult and children's books in the usa. and we hope to two to grow even further and become even better than we already are. how many titles are you planning to publish this year, your centennial year? it's about 1200. i haven't i haven't counted and that number is a little bit ambiguous because sometimes we first of all, we publish all over the world. so we're publishing in the united kingdom original books and in canada and india and australia, in addition to those in the usa and also sometimes we'll do two editions of a book. so a children's book might be a board book and also a hardcover. so that's why the number is an exact. so how many? how many books will you sell in a year. about? well, i know that we sell about you know about $1,000,000,000 worth of books, but i actually don't know how many units that translates to. mr. karp if somebody picks up a macm
and i'm very happy to report that last year we were sold to kkr, and kkr has spun us off and made us truly an independent company again. and one of the biggest independent companies, in fact, the biggest independent publisher of adult and children's books in the usa. and we hope to two to grow even further and become even better than we already are. how many titles are you planning to publish this year, your centennial year? it's about 1200. i haven't i haven't counted and that number is a...
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Apr 8, 2024
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kkr, a lot of the other big players in this space have been talking about the idea of raising money for the opportunity ahead. today up more than 2%. the question is is this space in play? the really big question is whether or not this deal will mark the bottom because it is such a big deal. and so very well telegraphed to a net is not so often we are talking about -- very well telegraphed. it is not so often we are talking about reits. sonali: curious because you talked about office and that getting a bid today. i'm curious about sectors and a rental properties. how do you describe what is going on with air and what it means in terms of the money blackstone is willing to put to work? patrick: of the things i thought was interesting in air is its focus on high rental markets . average household income is 237 thousand dollars in this portfolio. it is miami, l.a., boston, philadelphia. it is not what you think of as the sunbelt bull markets. phoenix, dallas, atlanta, those things got a lot of new development over the last few years to it is leading to softer rents in those places. i'm not
kkr, a lot of the other big players in this space have been talking about the idea of raising money for the opportunity ahead. today up more than 2%. the question is is this space in play? the really big question is whether or not this deal will mark the bottom because it is such a big deal. and so very well telegraphed to a net is not so often we are talking about -- very well telegraphed. it is not so often we are talking about reits. sonali: curious because you talked about office and that...
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Apr 12, 2024
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annabelle: that was the kkr co-ceos speaking exclusively with bloomberg in new york. as they said they have exciting opportunities in japan and the government is pouring more money into the chip industry in the country with one sector getting a boost from the nation's booming chip market and our correspondent joins us from tokyo and it is interesting when you have that boom you start to look for picks and shovels but this one perhaps should be taken a little literally. >> it is almost like a gold rush from the 19th century. we are having a lot of investment in the semiconductor sector. the japanese government is subsidizing building the plant here and there is also geopolitics where a lot of companies now feel it is better to have some production in japan as well. and the end is cheap. so in terms of cost it does not make sense. all of this is helping change the dynamics in japan's construction sector. a few years ago, no one had thought companies would bring back a semi conductor making factory in japan. what is happening is construction companies have strong bargain
annabelle: that was the kkr co-ceos speaking exclusively with bloomberg in new york. as they said they have exciting opportunities in japan and the government is pouring more money into the chip industry in the country with one sector getting a boost from the nation's booming chip market and our correspondent joins us from tokyo and it is interesting when you have that boom you start to look for picks and shovels but this one perhaps should be taken a little literally. >> it is almost...
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Apr 10, 2024
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haidi: hsbc asset management daisy ho and kkr's katie ridgedale, speaking. bloomberg new voices is focused on amplifying the voices of women in finance. the number subscribers can see more of that event on the terminal and online. more ahead on "daybreak: australia." this is bloomberg. ♪ haidi: improving relations between beijing and canberra are brightening the outlook for us stocks that have faced. restrictions. for more, let's ring in jean mckay who has been looking at this. we heard from them ahead of the key meeting where we are expected to see those tariffs being dropped. have those moves been priced and already? jean: since speculation started mounting late last year, we have seen a jump in treasury shares and other data tariffs were scrapped, we saw a jump. we saw a jump in smaller companies like australian vintage. that was priced in any way. there are questions around how much of an uplift you're going to see in the earnings of these companies. prior to the levees, the china market with 30% of treasury's earnings. but since 2019 from a has just a
haidi: hsbc asset management daisy ho and kkr's katie ridgedale, speaking. bloomberg new voices is focused on amplifying the voices of women in finance. the number subscribers can see more of that event on the terminal and online. more ahead on "daybreak: australia." this is bloomberg. ♪ haidi: improving relations between beijing and canberra are brightening the outlook for us stocks that have faced. restrictions. for more, let's ring in jean mckay who has been looking at this. we...
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Apr 11, 2024
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kkr and hsbc selling an optimistic note on china even as the global investors withdraw billions. more on where they are seeing opportunities, next. this is bloomberg. ♪ paul: china's invest ability was a key topic as financial executives gathered for bloomberg's new voices hong kong launch event. kkr and hsbc asset management was sounding and optimistic note on china. >> first of all, the context is that the global fund allocation to china hit a 25 year low. the room for further sales is significantly reduced. and then i think the concerns of investors where we talk to you, primarily relating to geopolitical events like u.s. elections, the week property market in china, the long-term growth of china and all that. at the same time, the elevation to the global markets and asian markets versus china also explaining why they were underweight for so long. the sentiment has improved. cyclical growth stabilization and expansion meaning the market is already out of the deflationary cycle. with that, we started to see some regional active managers cutting back there underweight position
kkr and hsbc selling an optimistic note on china even as the global investors withdraw billions. more on where they are seeing opportunities, next. this is bloomberg. ♪ paul: china's invest ability was a key topic as financial executives gathered for bloomberg's new voices hong kong launch event. kkr and hsbc asset management was sounding and optimistic note on china. >> first of all, the context is that the global fund allocation to china hit a 25 year low. the room for further sales...
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Apr 11, 2024
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kkr has a dominant position. there's also a lot of focus on china and what to do with that. you do have a significant presence in china. how do you think about how that lives given the geopolitics at the moment which are highly uncertain? >> our approach to china has been consistent since we started our business. we have three offices in asia, china, and hong kong. our focus over the last two decades has been focused on the consumer segment of china, the growing middle-class, the organization trends in that marketplace, and that's the sweet spot of the opportunity for us. we have invested in retail companies, brand and consumer goods, health care. we are not leaning into these high growth areas that are geopolitically sensitive like semiconductors, like ai, so we have appointed a lot of the areas that currently create a lot of turmoil in the market. >> there were the kkr co-ceo's speaking exclusively with our colleague in new york. 30 minutes after the session opening here in sydney, seoul, and tokyo, at the start of the day, we are watching those japan futures in particular
kkr has a dominant position. there's also a lot of focus on china and what to do with that. you do have a significant presence in china. how do you think about how that lives given the geopolitics at the moment which are highly uncertain? >> our approach to china has been consistent since we started our business. we have three offices in asia, china, and hong kong. our focus over the last two decades has been focused on the consumer segment of china, the growing middle-class, the...
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Apr 11, 2024
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including debt which is according to sources that while no final decisions will be made,kkr has been favoring an ipo. plus soy tech is -- soitec is considering building a factory in the united states as it expands from arizona to texas. the consideration would mean that it would add to its global factory facilities alongside salmon for -- singapore, elgin, and france. saudi arabia and the uae are rushing to build out expensive data essential -- center infrastructure. both countries lag behind western europe terms of capacity with the hopes of closing that gap in a few years. in a recent report it is estimated that ai will contribution $96 billion to the uae and $135 billion to saudi arabia's economy by 2030. caroline: meanwhile, let us talk about employees in an apple store who just petitions to unionize. this is the first one in a year long lull. mark is going to remind us of the context when it comes to apple because they are not the first door looking to unionize. mark: that is a great part. the efforts really kicked into high gear right in the middle of the covid pandemic. in 202
including debt which is according to sources that while no final decisions will be made,kkr has been favoring an ipo. plus soy tech is -- soitec is considering building a factory in the united states as it expands from arizona to texas. the consideration would mean that it would add to its global factory facilities alongside salmon for -- singapore, elgin, and france. saudi arabia and the uae are rushing to build out expensive data essential -- center infrastructure. both countries lag behind...
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Apr 11, 2024
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kkr's co-ceos are taking a cue from brookshire hathaway's business model. they're betting big on ownership and dividend from that ownership. they spoke with lisa abramowicz earlier today. >> i think strategic holdings is a segment we have been incubating for the last seven or eight years. berkshire hathaway is an apt analogy in the sense we look at a lot of business models, why certain firms have been successful over time. and there are a lot of powerful messages and what they have built. it is the power of long-term ownership assets, the power of compounding, and the real power of smart account allocation within your business. that is what they excel at doing. our version of that is we built a per folio -- portfolio today. great businesses we expect to own for a really long time. those businesses will start generating meaningful cash flow for us. we started this business eight years ago. as those companies grow and deleverage, they are in a position to start paying meaningful after-tax dividends. what we announced yesterday is dividends -- $300 million plu
kkr's co-ceos are taking a cue from brookshire hathaway's business model. they're betting big on ownership and dividend from that ownership. they spoke with lisa abramowicz earlier today. >> i think strategic holdings is a segment we have been incubating for the last seven or eight years. berkshire hathaway is an apt analogy in the sense we look at a lot of business models, why certain firms have been successful over time. and there are a lot of powerful messages and what they have built....
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Apr 22, 2024
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moody's cut its outlook for direct lending funds with ties to blackrock and kkr, lowering them to negative from stable in my next guest is following how private capital is flowing from public markets to private markets. eric hirsch is from hamilton lane. they have 900 billion of assets under management. thank you for joining. a lot of money has been moving into those private markets recently. there are seemingly some cracks starting to emerge in private credit, arguably the hottest area now. what kind of questions are you getting from investors on how private markets look now? >> great to be here and nice to see you. i think your first segment tells the story which is we are living in an area where public equity investors were being told concentration is a good thing. the entire market seemingly driven by a very small handful of stocks. that's really the reason why the retail investor class is beginning to seek diversification. that move away from the public equity for small, highly concentrated largely indexed asset classes are moving into the private market side so we've seen huge flows
moody's cut its outlook for direct lending funds with ties to blackrock and kkr, lowering them to negative from stable in my next guest is following how private capital is flowing from public markets to private markets. eric hirsch is from hamilton lane. they have 900 billion of assets under management. thank you for joining. a lot of money has been moving into those private markets recently. there are seemingly some cracks starting to emerge in private credit, arguably the hottest area now....
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Apr 15, 2024
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the gulf, on the other hand, if thatis kkr. the gulf, on the other hand, if that is to be disrupted it would have a profound effect and you would see a substantial spike in brent crude which is already up a bit in the $90 per barrel range, having a bit of a risk premium added to that because of the events of recent weeks. ~ , ., �*, ., ~ weeks. merissa khurma, let's talk about the gulf _ weeks. merissa khurma, let's talk about the gulf states, _ weeks. merissa khurma, let's talk about the gulf states, tourism, i about the gulf states, tourism, trade with israel and the oil price, how difficult a moment is this for these countries? it is how difficult a moment is this for these countries?— how difficult a moment is this for these countries? it is going to be difficult, especially _ these countries? it is going to be difficult, especially if _ these countries? it is going to be difficult, especially if we - these countries? it is going to be difficult, especially if we see - these countries? it is going to be difficult, espec
the gulf, on the other hand, if thatis kkr. the gulf, on the other hand, if that is to be disrupted it would have a profound effect and you would see a substantial spike in brent crude which is already up a bit in the $90 per barrel range, having a bit of a risk premium added to that because of the events of recent weeks. ~ , ., �*, ., ~ weeks. merissa khurma, let's talk about the gulf _ weeks. merissa khurma, let's talk about the gulf states, _ weeks. merissa khurma, let's talk about the...
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Apr 12, 2024
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kriti: co-ceo of kkr on why he is taking a cue. i think of the way warren buffett approached banks, securing earnings. bank of america and citigroup reporting today. i'm joined by jenny. let's start with the big one. j.p. morgan have been the king of wall street. it does that continue? jenny: we will not see diminishing of that so are looking at net interest income. they laid out what they think is going to happen. if you go back to january, you remember banks expected rates to come down, so they were saying as a result income was going to come down three months on. that is more of a debate than it was in january. it seems like we are higher for longer so i think you will see that in the way they talk about income from the first quarter and their outlook for the rest of the year. kriti: is this peak profit for the cycle? i'm curious if that shows up more in j.p. morgan or wells fargo? jenny: they are equally exposed. i imagine we would hear the same things from jamie dimon. if rates stay higher for longer, we will continue to be in
kriti: co-ceo of kkr on why he is taking a cue. i think of the way warren buffett approached banks, securing earnings. bank of america and citigroup reporting today. i'm joined by jenny. let's start with the big one. j.p. morgan have been the king of wall street. it does that continue? jenny: we will not see diminishing of that so are looking at net interest income. they laid out what they think is going to happen. if you go back to january, you remember banks expected rates to come down, so...
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Apr 11, 2024
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kkr still favors an ipo of bmc which piled confidently last year. at 10:30 this morning, kkr -- leasable have in exclusive with the officials. jonathan: coming up later, sitting down with lisa. what is the big focus for you? lisa: they want to grow to $1 trillion over five years but they don't want to increase their headcount and i want to talk about why. is this a feature or a bug? an a high improvement story or something else? that is an interstate focus. jonathan: that is a theme. 10:30 eastern time. do not miss that conversation. the ecb rate decision on deck. >> we may see the ecb cut as often if not more than the fed which was unimaginable. i think they are going to signal quite strongly that june is when they're going to cut. something the fed will not do. jonathan: that conversation up next. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's
kkr still favors an ipo of bmc which piled confidently last year. at 10:30 this morning, kkr -- leasable have in exclusive with the officials. jonathan: coming up later, sitting down with lisa. what is the big focus for you? lisa: they want to grow to $1 trillion over five years but they don't want to increase their headcount and i want to talk about why. is this a feature or a bug? an a high improvement story or something else? that is an interstate focus. jonathan: that is a theme. 10:30...
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Apr 15, 2024
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kkrs of the world and you look at the m&a boutiques they were all very strong. it's companies like goldman and jefferies and morgan stanley that kind of lag well behind those, and so, you know, i think the action that you're seeing and the alternative asset managers tells you or it's anticipating a resurgence of deal making and so, you know, i think -- >> you think we're going to get more -- the alternative asset managers, private credit figures prominently in their continued aum increases for them. we have not seen a lot of deal making. we have not even at this point seen a lot of m&a. you seem to be calling for it. obviously, goldman had a good quarter given what are relatively diminished volumes. >> yeah. i think there's more to come after this. i think, you know -- and you have to be realistic that geopolitical events can always knock things off course. but, you know, if you look at the amount of, for example, private equity deal making, you're roughly at 2019 levels, even though the aum is 50, 60% higher. it's, you know, relative to, you know, what you woul
kkrs of the world and you look at the m&a boutiques they were all very strong. it's companies like goldman and jefferies and morgan stanley that kind of lag well behind those, and so, you know, i think the action that you're seeing and the alternative asset managers tells you or it's anticipating a resurgence of deal making and so, you know, i think -- >> you think we're going to get more -- the alternative asset managers, private credit figures prominently in their continued aum...
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Apr 17, 2024
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red bird, kkr. what's skydance worth? it's a private company. you can't necessarily just do it on where they last raised capital. it's not the easiest thing to determine. it's something they will be able to, but it may take time. you've got to figure out what the status quo would mean for paramount. it's not just u, if we do this deal, but what is the status quo like if we do nothing and paramount paramount stays out there? you've got to deal with the control shareholder in shari redstone, and you've got to make sure that the numbers you're hearing from the skydance group, in terms of synergy, really cost-cutting, and i want to make it clear here in terms of previous reports, are real. i reported on synergies that could be as high as $3 billion. what i really should have said, and what should have been communicated more clearly was, that's mostly cost-cutting. the actual revenue synergies are smaller. 200 billion bucks, perhaps. the potential for significant cost cuts, that is major. floor of a billion is what i'm hearing to as high as $3 billio
red bird, kkr. what's skydance worth? it's a private company. you can't necessarily just do it on where they last raised capital. it's not the easiest thing to determine. it's something they will be able to, but it may take time. you've got to figure out what the status quo would mean for paramount. it's not just u, if we do this deal, but what is the status quo like if we do nothing and paramount paramount stays out there? you've got to deal with the control shareholder in shari redstone, and...
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Apr 10, 2024
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that takes to you apollo management, kkr, brown and brown. three areas of the market right now, even in the decline, you could go in and own. >> what do we think of this, weiss? >> i don't disagree with any of that. i was having a conversation yet with somebody in the private market investing in insurance, the numbers are through the roof. we looked at one company last year, fortunately we didn't do, an auto insurer, and their cash flow estimates were exceeded by 50%. those are real numbers. what i'm astounded by today, frankly, is cat is flat, that deere is flat. those would be the first ones you would think would take gas with rates moving up. but in the premarket they did. if you sold it then, you lost. right now it's unbelievable as you see with meta. to me, i don't know if it's cautionary that people aren't paying the proper amount of attention. i can see those stocks instead of flat -- >> maybe they don't think the story has changed. >> again, it goes back to your fundamentals. if you're basing your buying and portfolio positioning on r
that takes to you apollo management, kkr, brown and brown. three areas of the market right now, even in the decline, you could go in and own. >> what do we think of this, weiss? >> i don't disagree with any of that. i was having a conversation yet with somebody in the private market investing in insurance, the numbers are through the roof. we looked at one company last year, fortunately we didn't do, an auto insurer, and their cash flow estimates were exceeded by 50%. those are real...
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Apr 24, 2024
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or reducing ratings when it comes to certain weaknesses tied to big names like blackrock, oaktree, kkr. how do you see that playing out, ultimately? why are those stresses coming into those structures? craig: they are performing extremely well. last year, this year. while those actions took place, the vast majority of the ratings have been solid and there have been just as many upgrades as the downgrades. the credit performance has been exceptional. i would like to think that ours is at the top of the list but the space over all is performing very well. equities performing well. there has been a reissuance of bdcs in the investment-grade bond market. naturally, ratings injured -- radio things agencies look at individual performance but if you study it, it has been quite strong. one year ago i was here and everyone was wondering how we would hold up publicly. sonali: how do you avoid those stresses, given the interest rate environment you are in? craig: this is what we do, we are selective -- sonali: but what are you avoiding in the market? craig: what we have been avoiding for eight ye
or reducing ratings when it comes to certain weaknesses tied to big names like blackrock, oaktree, kkr. how do you see that playing out, ultimately? why are those stresses coming into those structures? craig: they are performing extremely well. last year, this year. while those actions took place, the vast majority of the ratings have been solid and there have been just as many upgrades as the downgrades. the credit performance has been exceptional. i would like to think that ours is at the top...
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Apr 10, 2024
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kkr, laying out a plan to scale its core businesses as it aims to reach at least $1 trillion of assets under management in five years. that is a mark rivals recently have met including blackstone. the firm intends to build on strategic holdings units to reach that milestone. it currently has more than 550 billion dollars in assets under management. now let's get you check on the markets. we are down on the day after the hot cpi report. s&p 500 still down more than 1%. mastec just under 1%. -- nasdaq just under 1%. 10 year yield, 495. 21 basis move higher. that does it for "bloomberg markets." busy week ahead. stick with us. this is "bloomberg." ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like
kkr, laying out a plan to scale its core businesses as it aims to reach at least $1 trillion of assets under management in five years. that is a mark rivals recently have met including blackstone. the firm intends to build on strategic holdings units to reach that milestone. it currently has more than 550 billion dollars in assets under management. now let's get you check on the markets. we are down on the day after the hot cpi report. s&p 500 still down more than 1%. mastec just under 1%....
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Apr 26, 2024
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. >> skydance also is backed by kkr and red bird is red bird the one that has the relationship with jeff zucker? >> and jeff shell, the former nbc ceo, would be the president of the new company, if, in fact, that deal gets agreed to >> let's move on to kenny smith, who yesterday on our air talked a good bit about the warner brothers discovery future. he chose it as his stock, saying that if wbd gets the nba rights, which are subject to negotiation right now, that's going to power warner brothers discovery. let's listen to kenny. >> i'm going with the warner brother discovery for this reason once they get the nba contract again, their stock is going to rise and they also -- think about it. they're going to -- they have the best show on television, "inside the nba. they need -- their stock will go up you cannot negate the fact that once they get the nba license once again, they will skyrocket. >> i do not dispute kenny's view that "inside the nba" is a great television show with great chemistry. but i do wonder whether just getting the nba rights is going to be enough to power that stock.
. >> skydance also is backed by kkr and red bird is red bird the one that has the relationship with jeff zucker? >> and jeff shell, the former nbc ceo, would be the president of the new company, if, in fact, that deal gets agreed to >> let's move on to kenny smith, who yesterday on our air talked a good bit about the warner brothers discovery future. he chose it as his stock, saying that if wbd gets the nba rights, which are subject to negotiation right now, that's going to...
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somehow redbird and skydance and kkr, will come out, they will be common shareholders this new company that will be worth about five billion dollars. liz: okay. >> you the common shareholder will benefit from us, when we have all the streaming, put our vast library to use in the new streaming revolution. we cut costs, do things that media companies should be doing, he will have capital. he will have backing. one of the problems paramount doesn't have a lot of cash. it is not doing that well. it has a lot of debt. this will be a company with a cleaner balance sheet. on top of that, we have to address the elephant in the room. what assets of paramount might get sold? here is what i'm sold. the low-hanging fruit could be sold immediately, mtvs, comedy central things like that. i asked, people close to the matter, apparently not now. most legacy media, people attack legacy media. it still makes money still the trajectory will be going down with cord-cutting. i think what they do, run it for cash, from what i understand. at some point in the future they sell it. just so you know, i have, i
somehow redbird and skydance and kkr, will come out, they will be common shareholders this new company that will be worth about five billion dollars. liz: okay. >> you the common shareholder will benefit from us, when we have all the streaming, put our vast library to use in the new streaming revolution. we cut costs, do things that media companies should be doing, he will have capital. he will have backing. one of the problems paramount doesn't have a lot of cash. it is not doing that...
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Apr 2, 2024
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statements from the company that have been involved but the one that you just mentioned blackstone, and also kkr, both of them declined to comment on this senate letter. dr. mitchell lee, thank you very much. i appreciate it. thank you very much for coming on. >>> and that is going to do it for me today. "deadline: white house" starts right now. ♪♪ >>> hi there, everyone. it is 4:00 in new york. the judge who was set to preside over the first ever criminal trial of an ex president of the united states saying enough today. judge
statements from the company that have been involved but the one that you just mentioned blackstone, and also kkr, both of them declined to comment on this senate letter. dr. mitchell lee, thank you very much. i appreciate it. thank you very much for coming on. >>> and that is going to do it for me today. "deadline: white house" starts right now. ♪♪ >>> hi there, everyone. it is 4:00 in new york. the judge who was set to preside over the first ever criminal trial...
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Apr 17, 2024
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is this, there is a case to be made here that the redbird, skydance, redbird, i guess kkr conglomerate, consortium, better word, will be, you know, will be common shareholders when it's over. be with him and they will be all working together to make this thing happen if it can with a new generation of leader, meaning david ellison and a different business model and more capitalization. that's, they will make that case at some point to investors. here's the thing i will say as all the smoke clears on this thing, people will start saying les moonves was right. liz: former head of cbs. >> if you remember, i've been covering this for so long, this is when it was viacom and cbs. shari, her own man, sumner, put this together, bear live but still alive. she wanted to combine this together. les tried to turn around to launch incredible proxy fight and hired litell lipton, went to war to basically separate out cbs and sell it. that was his ultimate plan. he would have gotten taupe dollar for that then. les was king of all media. he was a juggernaut. les moonves got blown out eventually. left in
is this, there is a case to be made here that the redbird, skydance, redbird, i guess kkr conglomerate, consortium, better word, will be, you know, will be common shareholders when it's over. be with him and they will be all working together to make this thing happen if it can with a new generation of leader, meaning david ellison and a different business model and more capitalization. that's, they will make that case at some point to investors. here's the thing i will say as all the smoke...
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Apr 16, 2024
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he's the former director of the cia and chairman of the kkr global institute. good morning to you, general. how do you handicap this situation and what do you think the u.s. should be telling israel right now? >> this is an issue on which where you stand depends on where you sit. if you sit in washington and you're worried that this could cause a spike in oil prices that could have a damaging effect on the global economy in an election year, then, understandably, you would like to see restraint. on the other hand, if you were in tel aviv and jerusalem, and you've just been attacked by iran, directly from their soil for the first time ever with several hundred drones, cruise missiles, and surface-to-surface missiles, even the fact that your defenses were superb, and noting, by the way, that about a third of these were knocked down by u.s. central command capabilities and some more by other members of this coalition that helped israel, but they would see this, they would have a need, they believe, to show iran that this is just not acceptable. and the debate in t
he's the former director of the cia and chairman of the kkr global institute. good morning to you, general. how do you handicap this situation and what do you think the u.s. should be telling israel right now? >> this is an issue on which where you stand depends on where you sit. if you sit in washington and you're worried that this could cause a spike in oil prices that could have a damaging effect on the global economy in an election year, then, understandably, you would like to see...
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Apr 4, 2024
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with this now from key former commander of us centcom and chairman of kkr global institute, retired general david petraeus, general, always great to see you what does the fact of this move from president zelenskyy tell you in what are you seeing on the ground there >> well, it tells us that they recognize the imperative of generating additional forces. so entirely new brigades and also a lot of replacement personnel for the casualties that they had been taken to tough situation here in this reflects their appreciation of how difficult it is. the russians have made adjustments. they're going very aggressively after civilian infrastructure electrical generation plants, and transmission and they figured out some tactics that are very difficult for the ukrainians to defend against, especially as the us pipeline has run out. so that twin challenges for ukraine this year number one, to generate additional forces that's facilitated by the reduction of the age from 27 to 25. they were very different way of going about recruiting than we do our average age in the frontlines is 18 to 21. there's is o
with this now from key former commander of us centcom and chairman of kkr global institute, retired general david petraeus, general, always great to see you what does the fact of this move from president zelenskyy tell you in what are you seeing on the ground there >> well, it tells us that they recognize the imperative of generating additional forces. so entirely new brigades and also a lot of replacement personnel for the casualties that they had been taken to tough situation here in...
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Apr 12, 2024
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kkr is taking a cue from brookshire hathaway by taking a bid on resulting dividends. the eco-chief executive officer tells me the company expects to see $309 of dividends by 2026 with plans to double that by 2028. >> berkshire hathaway is an apt analogy in that we looked at a lot of business models. there are a lot of powerful messages in what berkshire hathaway has built. the power of compounding and the power of smart capital allocation within your business. lisa: the biden administration is ramping up its economic stance towards china. the commerce department adding six new chinese companies to blacklist. that brings the total number of firms blacklisted by biden to 319, the most of any u.s. administration. topping the 306 by donald trump. amazon hitting his first record since two by 2021. the online retail is the last of u.s. tech firms to reach an all-time high in a rebound from the post-pandemic selloff. amazon has slashed costs and restructured its business to streamline operations. it helped to boost profits and win over shareholders. -- bid for u.s. steel is
kkr is taking a cue from brookshire hathaway by taking a bid on resulting dividends. the eco-chief executive officer tells me the company expects to see $309 of dividends by 2026 with plans to double that by 2028. >> berkshire hathaway is an apt analogy in that we looked at a lot of business models. there are a lot of powerful messages in what berkshire hathaway has built. the power of compounding and the power of smart capital allocation within your business. lisa: the biden...
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Apr 11, 2024
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would also have an additional equity issuance by paramount for which redbird, ellison, larry ellison, kkr, which owns some skydance, would step up and buy more equity. that would be used, in part, to delever and do a number of other things. the plan on the part of ellison is to radically restructure paramount, massively cut costs in terms of rationalizations, and get the stock to, frankly, they believe, what could be multiples of the current press. that's their hope and their plan. that, by the way, is what shari redstone has signed off on right now, despite the fact that from what i've heard, there may have been a couple opportunities she had to sell national amusements and only national amusements at a higher price than she has agreed to with ellison, because she believes in this plan. she would remain a shareholder, by the way, in the new pro forma company, holding on to her common, her non-voting stock. will it all happen? what are the synergies available? they aren't certain, but they have a good deal of confidence that they can reduce costs, delever, and essentially restructure para
would also have an additional equity issuance by paramount for which redbird, ellison, larry ellison, kkr, which owns some skydance, would step up and buy more equity. that would be used, in part, to delever and do a number of other things. the plan on the part of ellison is to radically restructure paramount, massively cut costs in terms of rationalizations, and get the stock to, frankly, they believe, what could be multiples of the current press. that's their hope and their plan. that, by the...
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Apr 18, 2024
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look under the alternative asset managers, i'm thinking about apollo shares, which are up some 15%, kkr, up 14%. we got the old o.w.l. up 23-plus percent. even carlisle, aries blackstone, down this year, despite what was a decent quarter going through a lot of the numbers, jim you know, i mean, they're well over a trillion dollars now in assets under management. few related earnings of $1.2 billion in the quarter. $4.5 billion over the last 12 months and you know, it's real estate it's private equity, credit, insurance, and multiasset investing. but you can see, at least the stock for now has been taking a bit of a pause >> yeah. you know, i know jonathan. you know jonathan. very good spokesperson but you know what, david when people hear blackstone, what they think of is housing. now, it's funny. they don't think of housing in the way that they think of dr horton, which is screaming today, because they had some really good growth they think about it as maybe the wrong kind of real estate. david, i think it's an unfair characterization you know that they are probably the largest when it
look under the alternative asset managers, i'm thinking about apollo shares, which are up some 15%, kkr, up 14%. we got the old o.w.l. up 23-plus percent. even carlisle, aries blackstone, down this year, despite what was a decent quarter going through a lot of the numbers, jim you know, i mean, they're well over a trillion dollars now in assets under management. few related earnings of $1.2 billion in the quarter. $4.5 billion over the last 12 months and you know, it's real estate it's private...
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Apr 2, 2024
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statements from the company that have been involved but the one that you just mentioned blackstone, and also kkr, both of them declined to comment on this senate letter. dr. mitchell lee, thank you very much. i appreciate it. thank you very much for coming on. >>> and that is going to do it for me today. "deadline: white house" starts right now. ♪♪ >>> hi there, everyone. it is 4:00 in new york. the judge who was set to preside over the first ever criminal trial of an ex president of the united states saying enough today. judge mar chan expanding his order including alvin bragg and his own family. that ruling came in an order last night following a filing from alvin bragg's office and in the wake of repeated attacks and ongoing ones by trump on the judge's daughter. the kind of stuff so completely nonsensical and baseless and out of bounds that most normal criminal defendants would not contemplate launching attacks like this. but donald trump is no ordinary criminal defendant, is he. next ex-president. with just two weeks to go before he goes on trial. he was intent on turning the proceeding
statements from the company that have been involved but the one that you just mentioned blackstone, and also kkr, both of them declined to comment on this senate letter. dr. mitchell lee, thank you very much. i appreciate it. thank you very much for coming on. >>> and that is going to do it for me today. "deadline: white house" starts right now. ♪♪ >>> hi there, everyone. it is 4:00 in new york. the judge who was set to preside over the first ever criminal trial...
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Apr 22, 2024
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received as we've gone into some detail on from skydance in partnership with both red bird and potentially kkr, smaller partner as well, that's what the special committee is spending a lot of its time on. they haven't heard from sony at all. take that for what it's worth. if you were sony and you were very much interested in being the majority owner in a joint bid with apollo, chances are you would reach out to this special committee, wouldn't you? and they may. they may still doll that. >> you're telling me that sony, which was the sole reason that stock bounced, has not contacted the special committee? >> that's exactly right. >> the stories last week smack of fantasy. >> the stories last week said they were talking about doing it but didn't specify that a bid had been submitted, and no such bid has been submitted as far as i'm aware and as far as the people that i speak to are aware. i would point out that in the past, when, you know, i've covered seony and the potential for it to engage in some sort of acquisition, the u.s. sony may want to do something, but it's got to get permission from
received as we've gone into some detail on from skydance in partnership with both red bird and potentially kkr, smaller partner as well, that's what the special committee is spending a lot of its time on. they haven't heard from sony at all. take that for what it's worth. if you were sony and you were very much interested in being the majority owner in a joint bid with apollo, chances are you would reach out to this special committee, wouldn't you? and they may. they may still doll that....
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Apr 29, 2024
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issuance of stock, primary shares from the company that would be bought by larry ellison, by red bird, by kkr, which also owns part of skydance right now and potentially some other investors but would also be bought at a premium is some percentage of beholders ownings. i can't imagine it's a large percent. i don't know what the number is. would it be 10%? who knows? but that is apparently part of what is essentially sort of the offer that they have made to try to meet the objections of or at least the worries of the special committee that feels like, hey, we have to offer some form of liquidity to the b-holders so they feel like they've gotten something out of this, other than the merits of the transaction themselves, which, again, as i've reported in the past, include delevering, include what they believe would be a significant amount of cost savings to the tune of at least a billion, perhaps $2 billion, and to the prospect of having larry ellison as your essentially controlling shareholder in many ways, which wouldn't be a bad thing. certainly has very deep pockets. all of that, of course,
issuance of stock, primary shares from the company that would be bought by larry ellison, by red bird, by kkr, which also owns part of skydance right now and potentially some other investors but would also be bought at a premium is some percentage of beholders ownings. i can't imagine it's a large percent. i don't know what the number is. would it be 10%? who knows? but that is apparently part of what is essentially sort of the offer that they have made to try to meet the objections of or at...