Are doing, as well as hedge funds, private equity, real estate, and more. Blackstone posted record earnings. We will tell you how it closed out at a profit. It is a day of founders. A superstar tech m a lawyer turned entrepreneur is here. She is the founder of giggle. Cred, the founder of news will be with me. And, a superfunny super bowl ad. Squarespace will be here. We start with the largest asset manager in the world and its record fourthquarter profit. Our pe specialist is with me. Blackstone knocked it out of the park. What specifically gave the Company Record quarters it is basically two categories, real estate and pe. Lets talk about real estate first. Private equity makes money from selling assets all right, and then they get fees for managing funds at a performance level that exceeds thresholds. Complex,gate office they sold a ton of office portfolio. In its the fourth quarter, it took three Companies Public. Hilton, extended stay all of these were huge, by the way. These are
Tonight lets declare in the , wealthiest nation on earth, no one who works fulltime should have to live in poverty. [applause] welcome to the program. We are live from boston and florida. President obama delivered his fifth state of the Union Address at a critical moment for the president. His approval is among the lowest it has been. Congress is opposed to his agenda and public attention is starting to wander to midterm elections. And beyond. This was his opportunity to seize back the initiative, to do so he had some themes he hoped would resonate with the american people. What i offer is a set of concrete proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class. Some require congressional action. I am eager to work with all of you. But america does not stand still and neither will i. So wherever and whenever i can take steps without a legislation to expand opportunity for more american families, that is what im going to do.
Studio. You sat down with the zuckerberg. He is writing down plants for 10 years from now. Right. Going through a lot of self reflections. Dayears since his first with his wife. A couple of things jumped out to as surprising. They are talking about the day strategy. Obile a lot of emphasis on the mobile network itself. Theyre Going Forward and introducing an initiative. They are doing more apps. We hear about the first one today. Be morey wants to flexible about the way people use a splits products. They do not want to consider it a clone. Features but very much like footboard, it is a way to look at friends and articles and photographs in interesting ways. We consider it to be a newsreader and it is really another way to consume the Facebook Newsfeed without all the clutter of other features on your phone. Do you have to use your facebook login and be connected . Right. There was so much emphasis on real identity. They watched as rival Services Like twitter and snapshot got a use a lo
Hello. Welcome to countdown. I am mark barton. I am anna edwards. 6 00 in london this thursday morning. Bloomberg reporters are standing by around the world ready to deliver stories that will drive your day. We have details of a slide in stock prices. Manus cranny has been digging into bernankes policy decision. And also looking at nintendo in desperate need of a power up. We will look at what the company is doing to boost its profits. Anothernovo with purchase. Hans nichols is in berlin. Big on the super bowl with the new ad campaign. And Caroline Hyde on facebook shares. Lets tell you what is coming up on bloomberg this morning. E have some big interviews we have Andrew Griffin that will join countdown after the earnings break. We will also get results from menezes. s ivan china manufacturing shares david with us from hong kong. Good morning. Good morning. It is a confluence of factors really. Asia welcome to big declines on wall street. It is all of the uncertainty out there. You ha