Squeeze. Theres wall street lore about Rosh Hashanah and sell yom kippur. Not coming right now. Exactly. An exclusive with the chief Investment Officer at calpers. One of the biggest funds in the world. And if you remember last week huge news by announcing to stop investing with hedge funds. Today, were going to find out why from the person responsible for those zixs. Largest Public Pension Fund. Great point. Because, look we made sure to know theyre the Largest Pension Fund last week. Hows this for a Company Vacation policy . No policy. At all. As in, take as much time as you like. Whenever you like. No limits. Were not talking hypotheticals here. Richard branson whom you see there vacationing as much as he likes at virgin telling the flows today, thats how its going to be from now on. Will it work . A lot of opinions on that. We have the full story coming up. As soon as we finish our vacation. I might give that a try. Yeah right. Exactly. Show you how the markets are trading right no
The new York Military affairs symposium. Welcome, colonel daddis. Thank you for the kind of introduction and bob for the invitation, im not only happy to be here given new york traffic, im also lucky to be here, as i watch the clock tick away, not only in the palisades as we were driving down from west point, but also in the cab trying to get us from the hotel to here. It was a close return thing as some would say. What i would do this evening would be to really start with something that happened last week in the white house and there was an uproar as you might have recalled last week at the white house, it was not related to the president s tan suit, which got quite a number of remarks as we saw, but more significantly for my conversation this evening with you, was really revolved afternoon one word, and that word was strategy, and the president igniting criticism by saying that we dont yet have a strategy against isis targets in syria, causing uproars, certainly among the president s
York military affairs symposium. Welcome, colonel daddis. [ applause ] thank you, robert, for the kind introduction and bob for the invitation. Im not only happy to be here, given new york traffic, im also lucky to be here. [ laughter ] ize watch the clock tick away, not only only palisades driving down from west point but also in the cab trying to get us from the hotel to here, it was a it was a closerun thing, as some will say. So, what i thought i would do this evening would be to really start with something that happened last week in the white house. And there was an uproar, as you might have recalled last week, at the white house. It was not wry lated to the president s tan suit, which got quite a number of remarks, as we saw, but more significantly for my conversation this evening with you, was really revolved really revolved around one word, and that word was strategy. And the president igniting criticism by saying that we dont yet have a strategy against isis targets in syria c
Test test i dont think the gap was as large as historians might have led us to believe. Most of us are older than you are. Did you ever get a chance to meet westmoreland . Just very briefly at the end of his life he came up for a visit to west point. I had seen him speak once after he had retired and one of the things that struck me was he certainly looked the part if you were casting for a 1960s fourstar general. We need to remember that this is the man who won the time man of the year. If you read that article, hes lauded as one of the best and the brightest. He attends Harvard Management school, and so i dont think hes quite the modern major general, if you will, that some would have [ inaudible question ] yeah. Right. How much control did westmoreland have over the bombing of the north versus the restrictions . Thats a great question. None. And thats the other thing thats important here, right . Much of my discussion tonight obviously focused on the ground war inside saigon, but th
Youre watching Market Makers here on bloomberg television. Friday in new york city. Im eric schatz sker. Im stephanie ruhle. This bill gross news is huge. No other way to describe it. An earthquake hit the bond market this morning. The bond king himself, bill gross, is leaving pimco, the Money Management powerhouse he cofounded which turned him into a billionaire. Hes moving to january us in Janus Capital to work for his former colleague. Pimco said fundamental differences led to the departure. Gross says he wanted to spend more of his time managing client assets. Bill powers is a former pimco managing director who has built his own property investing bills since leaving the firm four years ago. He joins us from nantucket. Great to have you on the show. Glad you could take time out for us from nantucket. Tell us, what seems to make the most sense to you . The idea that there were these fundamental differences between gross and pimco . Or this notion that gross is putting out there he s