Over much of the past three decades i have been an investor. The highest calling of mankind ive often thought was private equity. And then, i started interviewing. I watched your interview so i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. I asked how much he wanted, he said 250 and i did no due diligence. David i have something i want you to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world, is that right . For many years, the most successful Insurance Company in the world was aig, than the Great Recession came. And aig required 183 billion dollar bailout from the u. S. Government. That bailout has now been repaid with interest. Aig has reshaped into a smaller but successful Insurance Company being led by peter zaffino. I had a chance to sit down with peter to talk about the new aig. For those who arent familiar with the property and casual insurers, what do they do . Peter w
Ive learned from doing my interviews how leaders make it to the top. I asked how much he wanted, he said to 50 and i did no due diligence. David i have something i want you to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world, is that right . For many years, the most successful Insurance Company in the world was aig, than the Great Recession came. Aig required 183 billion dollar bailout from the u. S. Government. That bailout has been repaid with interest. Aig has reshaped into a smaller but successful Insurance Company being led by peter savino peter zaffino. I had a chance to sit down with peter to talk about the new aig. For those who arent familiar with the property and casual insurers, what do they do . Peter we ensure small, medium, Large Businesses for property insurance, auto or financial lines, which is directors and officers. We also have a business that does business such as contractors or businesses that may not find i
Breakdown threatening the 2024 reelection bid, boaters say stop the lawlessness, stop the propaganda and shut the border. Former president trump, more on his plan for the largest deportation operation in u. S. History if elected. The Federal Reserve is rapidly losing credibility with its chaotic rate hikes and messaging about historic inflation. We found more on fake emails joe biden used to talk government business with hunter biden. The president caught on a hot mike walking reporters on the uaw strike. Also Teachers Union chief Randi Weingarten literally runs away from foxbusiness Hilary Vaughn about the safety problems of boys and girls locker rooms and bathrooms. We got the family suing google over a father who drowned using google maps app, a stunning story. The evening edit starts right now. Welcome to the evening edit. Bidens border collapse now threatens is 2024 race. Eagle pass, texas joins a growing list of cities and states declaring state of emergency. There is a growing o
Australia. Im haidi stroudwatts in sydney. We are counting down to asias major market opens. Annabelle tech drives the u. S. Stock rebound with the earnings season about to kick into full swing. Bloomberg intelligence sees profits for the magnificent seven rising 38 in the First Quarter. Haidi reports that u. S. Regulators are scrutinizing efforts to prevent potential Money Laundering. Annabelle President Biden commits to deeper security ties with japan and the philippines as the Prime Minister of japan says china poses a threat to global peace. Haidi we do have Employment Data coming out of south korea. 2. 8 , been in line with expectations, picking up from that 2. 6 we saw in february. We are also, of course, counting down to be ok decision date as well. The labor market is likely seeing loosening in recent months. Bloomberg had estimated 2. 8 for the jobless rate to rise. 2. 8 still below the postpandemic average of 3. 3 , which is seen as the rate of employment, so neither inflatio
Rishaad what an afternoon it was, just one gentle slope all of way down to record a loss 3 . Let us put this into context. The csi 300 benchmark in shanghai, shanghai shenzhen stocks. What happened to that beijing that is what investors in china were asking themselves after this date of largecap shares plunged, rattling the market, one which has become rishaad margin debt below the bubble peaks, has been increased seeing for six straight months. A lot of investors nursing their wounds this morning. Haidi. Haidi absolutely. Getting the Bigger Picture look. Coupon that before 2015. A 3 jump or fall in any of these chinese indices was almost a calm day. How farteresting to see it has, and how little volatility we have had from the worst in 2015 until now, so we are looking ahead to the shanghai and hong kong open, taking a look at how sentiment worsened and if it provides a little bit of support. A lot of analysts saying there is no point in them going in right now because it will make no