Ex-Blackrock Manager Getting Seed from Blackstone, Trump has China Where He Needs It

Katia Porzecanski, Bloomberg News Investing Reporter, discusses a hedge-fund startup run by Michael Phelps, a former head of European credit at BlackRock, attracting a $200 million investment from Blackstone Group. Emily Roland, Head of Capital Markets Research at John Hancock Investments, talks about concerns of the direction of markets. Kyle Bass, Chief Investment Officer at Hayman Capital Management, explains why he thinks President Trump has an opportunity to reset the U.S. relationship with China. Janet Lorin, Bloomberg News Endowments Reporter, talk about U.S. colleges raising $46.7 billion in the 12 months through June 2018, the ninth straight record year, as the lengthy bull market for stocks helped spur contributions. And we Drive to the Close of markets with Oliver Pursche, Chief Market Strategist at Bruderman Asset Management. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan See omnystudio.com/listener for privacy information.