David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i had a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Before we get into blackstone, i would like to talk about a couple of other things. You grew up in a middleclass environment in philadelphia, and now you are one of the wealthiest men in the world and one of the biggest philanthropists in the world. You are an advisor to president s, the last three president s have asked your advice on things. And you are very close to President Trump. When you were growing up in philadelphia, did you ever in your wildest dreams imagine this could happen . Steve no. Dave do you pinch yourself every day when you think about where you have achieved your status in life . Steve frankly, every day is an adventure, and every day is a privilege. David you have come to know President Trump q
Betting. Carol and we have amtraks turnaround plan. You may not like it. Jason here is joel weber on the issue. Lets start by talking about trains. A big travel week. Maybe some people taking a train, flying, but amtrak is in a bit of a pickle. Joel amtrak has been a money loser for years. It has a new ceo who came from the airline industry, and they talked about his plan. A lot of people who are amtrak fans dont really like this plan of his. But it could lead amtrak to be profitable. Carol delays, delays. Never on time, right . Jason it is Richard Anderson, the former ceo of delta, not making a lot of friends out there. Maybe some people making friends, or at least feeling better about the economy, is almost everyone. Peter coy talks about this 180 folks have done looking at the economy. Joel just a couple months ago, it was like rain clouds out. Now it is winter, and suddenly the sky seems to be opening up and everybody is like, it does not seem to be so bad. A crazy time for the eco
It is incrementally flatter. We expect that to continue for the short term. It has been catching a lot of investors off guard. We are playing the flattening. I think it is there for a long haul. In the overall fed cycle, we would anticipate the curve should steepen somewhat. Youre seeing late market cycle behavior. Part of that is a flatter yield curve. The economy will run hot and it will keep the short and suppressed, which everyone expects. A market priced for recession, but it is telling you there are no risks whatsoever. That is not a tenable situation. The launchpad controls are in the hands of politicians right now as opposed to Central Banks. If you see these deals go through, you could see a steepener. If it happens, we think you create the conditions for an upside to expectations on inflation and we think it gets manifested in the yield curve steepening. Lisa joining us from london is iain stealy from jp morgan and james athey from standard investments. In new york, ian lynge
Right now, there is nothing that is earthmoving. That is a great way to lead off the show. I have unbelievable stuff. Okay. Lets get to our road map this morning. It does start with apples ev aboutface, reportedly abandoning its decadeslong efforts to develop an automobile, turning its focus to generative a. I. Shares have underperformed so far this year. Continued signs of a robust economy, healthy Consumer Spending certainly one reason why and goldmans ceo thinks a soft landing is uncertain. And the doj turning its focus to Health Insurance. It is launching an antitrust investigation of the giant. Unh. Unh is really under siege. Its a Great American company. Its under siege like almost no other between the hack and the Justice Department. Well talk about that. That said, its doing pretty well for a company under siege. Lets talk about another company thats done pretty darn well for a very long period of time. That is apple. Of course, youve seen these published reports. Any number of
Food and medicine, the parliaments of islamic countries should demand the opening of access routes to gaza as soon as possible to send humanitarian aid, and fifthly, this on behalf of the Council Islamic and iranian nation, i declare that there is no doubt that the cooperation of islamic countries in pursuing the legal rights of the palestinian nation in international spheres from a parliamentary point of view, including in the upcoming iu 147 meeting in angola, can be a salve for the almighty nation of palestine in the circumstances be current inshallah, peace be upon you, and gods mercy and blessings. In the name of allah, the most merciful, the most respected viewers , welcome to this news section. The signing of a memorandum of cooperation between the faraja Economic Security police and the Stock Exchange organization. Investors in the Capital Market, researching justice and Economic Security, preventing and fighting crimes and violations related to the Capital Market , signed a me