COULD BE FACING STORM CLOUDS
WHICH WE ARE FACING IN
PHILADELPHIA ANYWAY.
STUART: THANKS VERY MUCH, JEFF
FLOCK.
NOW WE HAVE STEVE SCHWARTZMANN,
CEO OF BLACKSTONE.
HE SAYS WE NEED A NEW
GENERATION OF LEADERS.
>> WE NEED TO MOVE ON FROM BOTH PARTIES TO THE NEXT GENERATION
PARTIES TO THE NEXT GENERATION
OF LEADERS.
I THINK IT IS IMPORTANT, ON THE
REPUBLICAN SIDE WE’VE HAD A
SERIES OF FOUR LOSSES IN A ROW.
I THINK THE PUBLIC HAS SPOKEN
AND WOULD LIKE TO SEE A CHANGE.
STUART: LOOK WHO IS HERE NOW,
THIS GENTLEMAN IS BERNIE
MARCUS, COFOUNDER OF HOME DEPOT
AND A LEGEND IN BUSINESS.
GREAT TO SEE YOU ON THE SHOW
AGAIN.
DO WE NEED A NEW GENERATION OF
LEADERS?
AND SECONDLY, WHAT
CHARACTERISTICS DO YOU WANT TO
SEE IN THIS NEW GENERATION OF
LEADERS?
>> WE DON’T WANT TO SEE THE
WOKE GENERATION COMING UP ESPECIALLY THE LEADERS.
ESPECIALLY THE LEADERS.
I’M WATCHING DAVO’S, THEY WERE
RECOMMENDING SPENDING MORE
MONEY ON CLIMATE CONTROL WHEN
WE DON’T HAVE IT.
WE ALREADY OVERSPENT AND IF
ANYTHING, CLIMATE CONTROL
CAUSED MOST OF THE PROBLEMS WE
HAVE TODAY.
I DON’T UNDERSTAND THE NEW
LEADERSHIP.
WE NEED LEADERS WHO ARE
BASICALLY THINKING ABOUT THE
SHAREHOLDERS AND THEIR
EMPLOYEES AND HOW WELL THE
SHAREHOLDERS ARE DOING AND
THEIR EMPLOYEES.
I THINK TODAY IT IS ALL ABOUT
WOKE ADVERSITY, THINGS THAT
DON’T HIT THE BOTTOM LINE. IF WE ARE GOING TO HAVE THOSE
IF WE ARE GOING TO HAVE THOSE
PEOPLE WE WILL SEE A CHANGE.
I DON’T SEE -- WE SAW A SLIGHT
WIN FOR THE REPUBLICANS BUT IT
IS ONLY A SMALL ONE IN THE
HOUSE ESPECIALLY AND I DON’T
SEE ANYTHING GOOD COMING OUT OF
IT.
THERE IS ONE THING I DON’T
UNDERSTAND, MAYBE YOU COULD
EXPLAIN IT TO ME.
WE HAVE THIS RECESSION WE ARE
TALKING ABOUT, PEOPLE ARE BEING
LAID OFF AND I CAN TELL YOU
RIGHT NOW AFTER SOME MEETINGS I
HAD YESTERDAY, YOU CAN’T HIRE
PEOPLE, THEY DON’T WANT TO
WORK, NOBODY WANTS TO WORK
ANYMORE ESPECIALLY IN OFFICE
PEOPLE, THEY WANT TO WORK THREE
DAYS A WEEK, IT IS INCREDIBLE.
HOW DO YOU HAVE A RECESSION
WHEN YOU HAVE PEOPLE THAT DON’T
WANT JOBS?
THERE ARE PLENTY OF JOBS OUT
THERE.
STUART: HOW DO YOU EXPLAIN
THIS?
HOW DO YOU EXPLAIN THE ATTITUDE
OF THIS YOUNG GENERATION?
CLEARLY YOU DON’T THINK MUCH,
HOW DO YOU EXPLAIN WHY THEY ARE
LIKE THEY ARE?
>> THEY ARE ENTITLED, THEY GIVE
EVERYTHING, THE GOVERNMENT IN
MANY CASES, IF YOU DON’T WORK YOU GET AS MUCH MONEY AS WHEN
YOU GET AS MUCH MONEY AS WHEN
YOU DID WORK SO, STUART, IF I
AM IN A SITUATION WHERE I HAVE
TO GO WORK 30, 40 HOURS A WEEK
AND I AM PAID MONEY TO STAY
HOME, AND IT IS EQUIVALENT TO
WHAT IRONED, WHY DO I WANT TO
GO TO WORK, SO YOU GET THIS
LAZINESS WHICH YOU HAVE, AND IT
IS BASICALLY A SOCIALIST
SOCIETY AND PRETTY SOON, I WAS
GOING TO TELL YOU, MOST SMALL
BUSINESSES MAKE UP THE BUSINESS
OF THE UNITED STATES, 70% OF
THE PEOPLE WHO WORK TODAY WORK FOR SMALL BUSINESSES, 70%,
FOR SMALL BUSINESSES, 70%,
RIGHT NOW, WE JUST DID A SURVEY
RECENTLY, 60% OF SMALL
BUSINESSES BELIEVE THEY WILL
NOT BE HERE IN THE FUTURE.
THEY ARE NOT GOING TO BE ABLE
TO MAKE IT.
WHY ARE THEY NOT GOING TO BE
ABLE TO MAKE IT?
NUMBER ONE, INFLATION, NUMBER
2, THEY CAN’T GET PEOPLE TO
WORK.
YOU CAN’T FIND ANYBODY TO WORK.
WORKING 18 HOURS A DAY, HE MAY
NOT BE ABLE TO MAKE IT.
THEN YOU THROW IN ALL THESE
RULES THE YOU HAVE TO FOLLOW,
EVERY STATE HAS THEM, DUMBER
THAN NUMBER, NEW YORK LEADS THE
COUNTRY IN DUMB, MAYBE NOT.
STUART: I’M OUT OF TIME I AM
AFRAID TO SAY BUT YOU ARE A
LEGEND, WE LOVE TO HEAR WHAT