being there, and the fact that you were there, though, and it works do seamlessly i thought it was just an extraordinary -- what you did and also an extraordinary event. i am curious, because there's a reason why mika wanted to go to abu dhabi. there's a reason why she wanted to talk about women's rights in the gulf region and in the middle east. and it's because things are changing there. and let's talk about iran. what an extraordinary uprising. these aren't women who are activists following a leader. we're seeing images of middle-schoolgirls rising up against iranian authorities. what's happening and what does that mean to you? >> well, for me, i mean, i've watched with fury just like the rest of the world when mahsa

amini died after being in police custody, and to me this uprising, i see -- you know, i don't think these are women -- and it is a women-led activist, but it's not that women are protesting the hijab law, this mandatory law where you have to cover. they're protesting this way of life. they are saying enough is enough. and so this idea of being in the streets -- you know, i remember being a teenaged girl, having to worry about the religious beliefs, seeing if i was covered enough, ensuring that my legs were covered and my hair was covered. the fact that these teenage girls when you're raised consciously and subconsciously in this world where you think you have to cover yourself, to free yourself, to me the courage that takes but how fed up they are. iranian women have been protesting the hijab law in one way or another for the last 43 years. but think about the fact that 65% of university graduates are women in iran, 70% of

subgraduates are women. if these women had the freedom to just express and to be, imagine how much great they are country could be. for me, i see this as, you know, really a protest, it's the islamic republic versus the citizens of iran. and i think the more we can lift up what they're doing, i think the more violence and the protests we see in the streets, the more we need to shine light on this issue. >> huma abedin, author of "both/and," an amazing book, now part of the msnbc family. huma is also now vase chair of the 2023 30/50 summit in abu dhabi. mike barnicle and jonathan lemire are with us. just ahead, we'll bring in cnbc's andrew ross sorkin on the new jobs report that was released just moments ago. what it means for the economy.

joe? >> yeah. and mike barnicle, what an economy. jonathan lemire, we'll open it up to you as well because obviously it's something the white house is looking at all the time. i talk about all the time the dollar, a 50-year high as far as the dominance as the world's economy. you look at unemployment at 3.5%. that matches a 50-year low. there's still over 10 million job openings in the market. the job participation rate going up. you have the fed actually having to raise interest rates because this is an economy that's just not cooling down. so we have inflation, obviously rising gas prices again, probably just around the corner, but, mike, this economy remains extraordinarily resilient. >> it is resilient, joe.

and andrew ross sorkin will be with us and he can speak to whether it's cool down fast enough, whether the interest rates will be lessened by the fed. we don't know that yet. but andrew has more information on that i'm sure. but the thing about the economy, the bottom line in the economy, joe, is the consistency of a couple of things that have never changed, and you just mentioned two of them. people are stim concerned despite the strength of the dollar. they don't think about the strength of the dollar when they're a t a grocery store and looking at a quart of milk costing 75 cents or 90 cents or maybe a dollar more than it did several months ago. the cost of gas is still not as high as it was three or four months ago. but it's still higher than it was a year ago. and that weighs on people. and you're absolutely right. it's the strongest economy in the world. if you go to europe, the dollar is king there. i was in italy for a couple days earlier this week. the dollar is king.

it's not king here. it's fearful here. it's the absence of money in people's pockets that is the most critical aspect of the economy, i would feel. and the absence of money comes about after grocery shopping or putting gas in the car. >> it's certainly a jobs report so close to election day, joe, really matters. watched carefully by both parties. it is still a good number, down from previous hirings, but revisions to the month before, more jobs aed to the payroll. we don't know whether or not it will cool. you can see the futures market. a lot of red we're seeing there probably in fear of future interest rate hikes in the wake of this report, but that unemployment number is very good. 3.5% the lowest in a long time. i suspect when we hear from the president later today about the jobs report that will be what he focuses on. >> let's bring in co-anchor of cnbc's "squawk box," andrew ross sorkin. andrew to, you know me, you know my background. >> yep. >> i'm a simple country lawyer.

one day a turnip truck fell apart past 30 rock and i walked in. i don't understand why the market responds it does. unemployment rate down to 3.5%. resilient economy. the market going down. more fears of interest rate hikes? what's going on here? >> that's exactly what's going on here, joe. you got it right. even somebody as simple -- you are not that simple, we know. >> so simple. >> -- understands what's happening here, which is this is a very tight labor market and in most universes we'd say fabulous, we want a tight labor market, this is good, wages are going up. but what does it also mean? it means wages are going up, and that means inflation is going to continue. it's going to persist in ways that i think people were hoping was not going to be the case. and what this is telling the stock market and everybody else

and probably the fed is that they have to keep their foot effectively on the neck of the economy. they want stocks to go down. they want people to have less money in their pocket to go spend money right now because they need to bring inflation down. i know we've said the perverse nature of all, this but that's exactly what's happening. the good news in certain ways on the other hand is now looking like bad news. and so that's where we are. and then you add in some of these issues around the midterms coming up and how politically this is going to play. we talked yesterday about the price of gas and what that's going to look like over the next couple of months. and so i think all of that's getting put into the pot here and people are saying if you are jay powell and you're running the federal reserve, you're likely to keep on going. >> yeah. you know, so, andrew, during covid, even economic conservatives like myself understood the covid relief bills, understood this was once

in a lifetime, once in a lifetime event. and the federal government had to step in to save millions and millions of americans from extraordinary hardships, to save some businesses. but there's a time when the conservatives would say, you know what, inflation is going up and people aren't working because they got all those benefits from the federal government and from the state government. and inflation is going up because of the covid relief bill. i get it. that's part of it. that's part of it. it's a small part of it, but it's part of it. this is my question, though. you talk to the best and the brightest every day. explain the underlying strength, the underlying resilience of the united states economy. why is it that the fed keeps hiking up interest rates and they just can't keep a good economy down. >> right. i think you are asking the central question, and for better or worse, there are lots of different answers here. i'm going to take the other

side -- not the other side but take the position that it's not just stimulus checks anymore. that money has rolled off. that's not what this is about anymore. this is actually about you could argue, look, you could argue the fed waited too long, the rates were too low for far too long. you look at where we are relative to all the other countries in europe and elsewhere, where, by the way, they did not spend the same amount of money. you start to look at what's going on here and it's a different picture. why is the u.s. so strong? frankly because we have a better economy. life is relative if you actually look at where we are again. mike made the point to what's happening in europe. there are good things going on. again, like, if you look, comparing us to everybody else, we're doing a lot better. but at the same time there is still this persistent inflation. we can't get away from it. and the tools -- we've talked about it so many times on this program -- are just so blunt instruments that you can't really get at these issues.

and when we keep talking about supply chain problems, the truth is the new supply chain problem is not actually like trying to get a microchip from one place to another, a piece of a refrigerator. it's labor. labor is now the supply. that's the supply chain problem. we just don't have enough of it. >> all right. >> that's what's pushing prices up. >> cnbc's andrew ross sorkin, thank you very much for being on this morning. incredible number. now to the stark new warning from president biden about the threat of nuclear war. speaking last night in new york city, biden said the risk of nuclear armageddon is the highest it has been in roughly 60 years since president kennedy and the cuban missile crisis. it all stems from russia's flailing invasion of ukraine. biden said president vladimir putin is, quote, not joking when he talks about potential use of tactical nuclear weapons or biological or chemical weapons

because his military is, you might say, significantly, underperforming. russia has faced huge setbacks on the battlefield as ukrainian forces continued to take back land illegally occupied by moscow. there has been widespread concern that putin could use a weapon of mass destruction to regain some footing in the war. but in the words of president biden, "i don't think there's any such thing as the ability to easily use a tactical nuclear weapon and not end up with armageddon." president biden also said the u.s. government was working to determine putin's off-ramp from his disastrous invasion. finland's prime minister was asked about that as well and offered this succinct reply. >> the way out of the conflict is russia to leave ukraine. that's the way out of the conflict. thank you. >> she actually laughed, mike

barnicle, after the question was asked. like, i can't even believe you're asking me that question. if you spoke with the prime minister of estonia, latvia, lithuania, they would give you the same answer there. it's very cut-and-dried, very black and white there for countries that have been under the threat of invasion from vladimir putin for a very long time. mike, you weren't at the event, but you spoke with the source at the event last night. very interesting insight you gave us a couple hours ago that he wasn't working off of any specific intel, right? this was just a general statement about the situation that he's seen for quite some time pop. >> yeah. correct, joe. i mean, it was sort of an overview, a historical overview of our relationship with russia, his relationship with putin, the fact that ukraine is involved in a bitter, seemingly never-ending war with russia, that putin is

extremely isolated from reality and from people. no one is around him who used to be around him. sergey lavrov, i don't think, according to sources and people who have spoke on the president and the state department, sergey lavrov is no longer a factor in putin's thinking. and the idea is that for this war to end, the principal partner in ending it is going to have to be ukraine, a country that has been destroyed by russia. they've suffered enormous casualties, civilian casualties inflicted by russia. so this idea of everybody talking about an off-ramp, the ukrainians are going to have to decide whether there's an off-ramp or if that off-ramp is in russian territory, not what composes ukraine today. what the president was speaking about in terms of nuclear weaponry and tactical nuclear weapons, it was more or less, you nailed it, an overview that his memory of 1962, the cuban

missile crisis, extending up to today and there's no such thing as a small tactical nuclear weapon, and if a nuclear weapon, small, medium, large, god forbid, was ever utilized in this war by putin, the catastrophic effects of that weaponry would collapse the global economy, specifically beginning in europe and extending through the globe. so, it cannot happen on a financial level, but more importantly on a humanitarian level kit not happen. >> so, joining us now from ukraine is nbc news correspondent erin mclaughlin. what is the reaction there to president biden's comments? >> reporter: last night we heard from president zelenskyy calling for preventative strikes to deter president putin, the president's spokesperson quickly clarifying those remarks this

morning saying president zelenskyy was referring to sanctions, economic sanctions which ukraine has been calling for for some time. meanwhile, i've been speaking to a ukrainian commander on the field. he told me that he is well aware of president biden's assessment and had this to say about it. take a listen. president biden last night was talking about the possibility of a nuclear strike. >> i understand it. i get it. of course all people the world should be worried about it. but at the same time, we should clearly understand if we let our fear manage us, we will let -- if we really need that our

children will grow up in safety, in free world, when the human rights are important, when the people can be their self without any discrimination, we need, we must win today. >> reporter: and to understand that perspective, it's important to understand what's taken place in the towns and villages that have been occupied by russia like the town i'm in now. right now i'm in a town about 2 1/2 hours away from kharkiv, the second largest city in ukraine. this is a town that was occupied by russian forces for six agonizing months. behind me is what is left of the town's high school. when the russians moved in, they turned the high school into their military base. now it's completely blown out. locals tell me that they were living under six months of

intense bombardment. it was relentless and deadly. there's a mass grave outside the town where hundreds were buried. and people were telling me about the torture that took place in this town at the hands of the russians. ukrainian officials allege they have found ten torture chambers in this tiny town alone. and that is the backdrop in which ukrainian forces, ukrainian soldiers that i've been speaking to over and over again say they are going to continue with this fight until every single last russian has left their country. >> nbc's erin mclaughlin live from ukraine. thank you very much for that report. joe? let's bring in the chairman of the judiciary committee democratic senator dick durbin of illinois. senator, than for being us. we of course heard from erin mclaughlin's report the tragedy of mass graves, the tragedy of ukrainians being tortured, of human rights violations, the

breaking of international law. putin has been isolated across the globe except in saudi arabia, mbs doing his bidding. i'm curious, the majority leader spoke a couple days ago about there could be a legislative response. what might that look like? >> well, there are a number of things we can consider. let's lock at the state of the play. the momentum is on the side of the ukrainians. putin is back on his heels. he's issued a conscription of 300,000, many of whom who have no military experience whatsoever to come to his rescue. the critics of putin are now stepping forward publicly, publicly in russia against him. where does he turn? goes to peck plus and asks the saudis to stand behind him and they said yesterday they'll be compliant, join putin in this effort to raise oil prices, which puts more hardships on

nato and the united states and its allies and gives more revenue to putin, a point in history we don't want that to occur. tlo's a bill called nopec to file sanctions against countries, foreign countries that are complicit in raising oil prices. there are things we can do. but bottom line, when it came to choosing sides, opec 6 and particularly the saudi arabian kingdom decided to come down on the side of vladimir putin, not on the side of the western world or the united states. >> good morning. when the president traveled to saudi arabia over the summer, white house officials were careful to say, look, yeah, oil is going to come up but it wasn't the only topic of conversation. it was about the relationship the united states has in the middle east in particular, how it could play a role with iran. in the light of this with saudi arabia seemingly choosing sides away from the united states, beyond the issue of oil, what is

your concern right now about how that could affect the u.s.' role and the president's role and relationship with the middle east going forward? >> well, taking a look at the litany of problems we've had with saudi arabia, starting with 9/11, the unanswered questions, jamal khashoggi, still unanswered, the complicit nature of the trump administration, which was a lap dog for the saudi kingdom, you take a look at what's going on today, dissidents and women are being discriminated against on a whole sale basis in this country. you wonder, the united states has this nominal alliance with a country which doesn't seem to share our values, and when it comes down to the time of war, the invasion of ukraine, comes down on the wrong side. i question whether or not they are allies and whether we ought to be trusting them when it comes down to critical decisions. >> senator, i want to ask you about this latest news, a federal appeals court panel ruling this week that daca, the program that protects over 600,000 young immigrants from

deportation, is illegal. it's a biden administration effort to shore up the program back to a lower federal court allowing the current program to remain in place. the decision means the more than 600,000 immigrants enrolled in the program can work and study in the u.s. without fear of being deported, but it bars any new applicants. just wanted to get your thoughts on this latest development. >> mika, i'm very concerned. over 20 years ago i introduced the dream act. i appealed to president obama to create by executive order some relief for these hundreds of thousands of young people brought to the united states as children who simply wanted to be part of our future. they're an amazing group. and he did creating daca. but it's been under attack from the right ever since. the fifth circuit decision was fair warning to congress that unless we do something, and i mean do it soon, these young

people could be subject to deportation. there's a texas federal court judge who has ruled daca unconstitutional. they were overruled by the supreme court. it's heading back to his courtroom again and god know what is he's going to do next. it is time for us in congress to do what we should have done long ago, establish the dream act and give these young people a path to citizenship. >> senator dick durbin, thank you. coming up, live to florida for the latest on the recovery from hurricane ian as the death toll continues to rise. plus, president biden issues pardons to thousands of federal prisoners locked up for marijuana possession. we'll discuss the political and legal implications of that move. and a major figure in the proud boys pleads guilty to seditious conspiracy and agrees to cooperate with the feds.

msnbc chief legal correspondent ari melber joins us next with that. it's the subway series menu. 12 irresistible subs. the most epic sandwich roster ever created. ♪♪ it's subway's biggest refresh yet! bipolar depression. it made me feel trapped in a fog. this is art inspired by real stories of bipolar depression. i just couldn't find my way out of it. the lows of bipolar depression can take you to a dark place. latuda could make a real difference in your symptoms. latuda was proven to significantly reduce bipolar depression symptoms. and in clinical studies, had no substantial impact on weight. this is where i want to be. call your doctor about sudden behavior changes or suicidal thoughts. antidepressants can increase these in children and young adults.

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27 past the hour. welcome back to "morning joe." with the stroke of a pen, president biden has pardoned anyone with a federal conviction for marijuana possession. nbc news correspondent jacob soboroff has the latest. >> too many lives have been upended because of our approach to marijuana. >> reporter: president biden's clear message -- no one should be behind bars for using marijuana. >> criminal records for marijuana possession have led to needless barriers to employment, to housing, and educational opportunities. >> reporter: and with that, the

president moved to clear some 6,500 federal convictions of pot possession, plus thousands more in the district of columbia, though it won't affect the millions more with state-level convictions. and the administration does say there are no individuals currently in federal prison solely for simple possession of marijuana. he also ordered an expedited review of how marijuana is classified. it's currently listed among the most dangerous so-called schedule 1 drugs, along with lsd and heroin. it comes around a month before the midterm elections where it's become an issue in some races. in a tight pennsylvania senate campaign, john fetterman says he spoke with biden last month about decriminalizing marijuana. it could come with some political risk. during this election season, republicans have been attacking the president and other democrats on crime. five states will be voting on whether to legalize marijuana in november. 38 states and the district of columbia already allow medical marijuana use. and it's legal in 19 states plus

d.c. president biden calling on the remaining states' governors to take action. we first met steve d'angelo in 2017. he served a federal sentence for marijuana possession in the 1970s, but his case is a rarity. most marijuana arrests and convictions happened at the state level and he says the states are where real reform has to happen too. >> i appreciate president biden's call to the governors to also implement pardons because the largest number of prisoners in the united states are in state prisons. >> reporter: president biden's moves also won't affect the marijuana black market, a major concern for law enforcement and officials across the country. new challenges growing along with the trend toward decriminalizing marijuana nationwide. >> nbc's jacob soboroff with that report. joining us now, msnbc chief legal correspondent and the host of "the beat" on msnbc, ari melber. ari, first of all, tell us what this does given the history and

the imbalances in our law system pertaining to marijuana charges. >> as you say, and as the report alluded to, black and brown americans and poorer americans are charged at much higher rates for same marijuana use. marijuana, as we know, has been a big part of american culture, not just the so-called counterculture, for many decades now. what this does is wipe out executive actions -- expunge, the lower possessions. for a lot of those people it might mean it makes them easier to get a job or put that behind them even if it was decades ago. >> jonathan lemire, the president making good on a campaign promise, and the timing, talk about it. >> the timing is advantageous. the midterms are of course a month away and this is something the president said on the campaign trail. he didn't fully commit to fulfill what he promised there but a big step in that

direction. and along with the move to aiming at young voters. ari, what would be the next steps here? this is something like setting politics aside, it's also what a lot of people said that you alluded to, penalties for marijuana possession disproportionate on only some americans. this would be one step. what could be next for the future of marijuana here in the united states? >> well, that's a great question. i think what people really want to know in the legal policy community is, is this a one-off where you say obviously if this is legal in 19 states, it's pretty bananas for the federal government to continue to either punish or continue to hold over related punishments, which, i mentioned after you're released from incarceration over the same very activity. for some that's a one-off. for the future, you could try to

work with congress or the medical authorities to change the scheduling of it. the idea this is still treated the same as heroin is not rooted in science or legal policy. it's rooted in kind of the very draconian approach to the so-called war on drugs. so updating and modernizing that is one thing. you could also move the full decriminalization. i don't know that the votes are there in congress to do that apart from a pardon. there's a lot of democrats historically, especially in certain states, are not looking to be a part of a federal national decriminalization wave. but many states have gone that far and have not seen any kind of great problem or backlash that they have back tracked. in other words, of the 19 states that have gone all the way to decriminalization, none have taken it back yet. >> another major headline we're following i'd love your insight on is the former leader of the portsmouth boys pleading guilty to seditious conspiracy in connection to the riot on january 6th.

jeremy bertino of north carolina is the first member of the group to plead guilty in connection with last year's attack on the capitol. he has agreed to fully cooperate with prosecutors. five other members of the group including the group us founder, enrico tarrio, were indicted on similar charges in june and are awaiting a december trial. under sentencing guidelines, bertino faces up to 63 months in prison. ari, where do i begin? first of all, seditious conspiracy, we were just talking about that being news in itself as it pertains to trials for five members i think of the oath keepers and the first time that charges like that were used in connection with january 6th. here we have a guilty plea. what's the potential that it could be shared with the feds here? clearly this one defense was thinking, hmm, i better cut a deal.

>> yeah. this is a huge breakthrough. i see two levels here. number one, was there seditious conspiracy to overthrow the united states on behalf of donald trump, stop the peaceful transfer of power to then president-elect joe biden? yes. this type of guilty plea means that answer, yes, is rooted not only in independent investigation or what the justice department found but in the participants themselves. so there's no coming back from this. it's a huge win for the garland justice department. it shows this sort of initially quite slow, i would say, effort to move up the line is working. as you say, they're getting cooperation. that's one. two, what does it do to these two trials. you have the oath keeper trial and the proud boy trial, and that you have basically cooperation inside of both trials. that puts a tremendous amount of pressure on these other more senior leaders of these militias who said they were acting on behalf of donald trump, who had contacts with at least some trump-linked individuals like

roger stone, what else could be divulged if you go up the line. those are tantalizing questions. but this is a huge breakthrough and really -- and you don't always say this in court -- an irreversible breakthrough for the garland justice department. they have won against this individual and they want to use that against others. >> fascinating. ari melber, thank you for joining us. we'll be watching "the beat" at 6:00 p.m. eastern on msnbc. let's turn now to florida where the death toll still rising from hurricane ian. many people remain desperate for help more than a week after the storm hit as tens of thousands still in the dark and many others with no access to clean water. joining us live from ft. myers beach is nbc news correspondent sam brock. sam? >> reporter: good morning. the historical precedent is hard to digest. you're looking at 130-plus

people who have lost their lives. you have to go back to 1935 to find a hurricane that struck florida with a death toll that was that high or higher. then it was over 400 people. i'm standing in the street in ft. myers beach. you see these piles of debris up to eight feet high. there is a car underneath that, just to give you some perspective. we spoke recently with a mother, a heartbroken mother, who talked about the last conversation that she had with her daughter, one of the victims in this unthinkable tragedy. with emergency responders still scouring devastated neighborhoods, one familiar question keeps surfacing from those who have lost everything. >> tell me where to go, what to do. >> reporter: those now homeless because of hurricane ian, worrying about their next steps. as other families cope with houses that may still be stand bug are missing something even more precious that can never be

replaced. what happened to your daughter? >> she called 911 and emergency services had already been suspended, and they couldn't get here. >> reporter: susan maguire's daughter, liz, likely suffered a blood clot at exactly the long time and died with a cell phone this in her hand. susan said they last spoke just hours before ian made landfall. >> oh, she always ended every conversation with "i love you. i love you, mom. you too sweetie." >> that's the last thing you two ever said to each other. >> yeah. >> reporter: that grief felt by more than 130 families with ian the deadliest florida storm since 1935. places like sanibel island and pine island have been unreachable for days, but that's improving. nbc's jesse kirsch is on the ground there. >> more than a week after hurricane ian cut off the only bridge to pine island, traffic is moving in both directions again but it's a temporary fix and slow going to get supplies

in. >> reporter: supplies still being flown in by helicopter. this as damaged bridges that allow railcars to bring in critical materials like plywood and lumber, nearly impossible. you would see typically in the magnitude of 80 truckloads a day come in by rail. with the recovery efforts needed, you can triple that number. >> reporter: but not now. >> not now. >> zero is coming in now. >> at the moment, no. >> reporter: it could be two months or more to replace the broken bridges, devastating for those hoping to start over. the railroad company tells me that they've been in touch with fema, also with the florida department of transportation, but so far have not been age to connect directly with governor desantis as they are trying to get more aid to expedite that process. also, as far as the power situation is concerned here on the ground here, some 09,000 or more people in lee county, the hardest hit area, still have no power, but 80% of people do now.

>> nbc's sam brock, thank you for that report. up next on "morning joe," as the expression goes, the only constant in life is change. and there's a lot of that happening these days. our next guest is exploring some of the major shake-ups unfolding right now and the impact on everything from the economy to our democracy. that's when "morning joe" returns. it's the subway series menu! 12 irresistible subs... like #11 subway club. piled with turkey, ham and roast beef. this sub isn't slowing down any time soon. i'll give it a run for its money. my money's on the sub. it's subway's biggest refresh yet.

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over europe. >> i am not frightened by what lies ahead, and i don't believe the american people are frightened by what lies ahead. [ cheers and applause ] together, together, we're going to do what has to be done. we're going to put america back to work again. >> 1945 and 1980, two years that our next guest describes as inflection points in american history. now he says we're at a crossroads once again as we confront our post-pandemic future. he is a marking professor at nyu's sterns school of business, scott galloway, and the author of "adrift: america in 100

charts." it's great to have you on the show. congratulations on the book. if you could please start by talking about what is the crossroads that america is facing today. >> good to be with you, mika. i would argue that if you look at us, any sort of sober analysis shows that it's been remarkable our achievements today. you showed, you know, president truman coming out of the war. we will produce manier output in our nation in one month -- excuse me -- eisenhower -- than we do an entire year back then. the best vaccines, no one is lining up for a chinese or russian vaccine. we create tremendous prosperity. every talented, hardworking person in the world wants to come here, but if america were a horror movie right now you'd have to argue that the call is coming from the inside of the house. 54% of democrats are worried that their child is going to

marry another -- marry a republican. we don't talk to our neighbors. we're not touching, smelling, and feeling each other as much and weer not getting married, not entering into relationships. i would argue a lack of appreciation for what it means to be american and also a general resentment amongst each other. >> so, scott, in your new book, you discuss the hold that you say big tech has over the american economy and why you're still hopeful for the country's future. you write in part, "the nation once idolized astronauts and civil rights leaders who inspired hope and empathy. now it worships tech innovator who is generate billions of dollars and move financial markets. the elites are digging in, protecting their growing fortunes from the risks of the very markets they claim to support. although it's out of fashion, i remain an american exceptionalist. this country really is different, in ways that make it

a city on a hill, a beacon for optimistic and the innovative. i often say that optimism is america's superpower. and this optimism really is powerful: science tells us that it can extend an individual's life by eight years. imagine what 330 million million optimists can accomplish." i don't disagree, but i want to back off and ask you what the biggest risk is from modern technology. >> well, as a society becomes wealthier and more educated, its reliance on church attendance goes down, but our questions remain as complicated as they've ever been, so into that void slips technology. i don't understand how my iphone works but it's amazing. i would argue the new jesus christ of our era are steve jobs and elon musk. it's important to have heroes, but it's fairly apparent that technology companies and tech

innovators get to play by a different set of rules. they engage in antitrust and monopoly behavior, commit securities fraud on twitter. they are the first to criticize our government, not appreciating that whether it's google, apple, or tesla, it was ev credits, incred forward-leaning investments from our great middle class into gps or dividends from the space program, essentially created a thin layer of innovation on top of great american middle-class investors in the form of the most successful in history, the u.s. government. our most loyal americans are veterans because they've invested the most in america. unfortunately i find that our least patriotic individuals are our most blessed, and that is tech innovators who are the first to criticize the country that has given them so much. i would argue we need more regulation around technology companies and generally speaking we need to push back on tech leader who is say government should just get out of the way.

they didn't ask us to get out of the way when we gave them $450 million loans to start their companies, restructure acts to build charging stations or ev tax credits. america is by far, by far, is only place you can get traction that these companies have enjoyed. and i believe that it's time for them to start recognizing that incredible blessing of what it means to start a company and be a citizen here in the united states. >> scott, the 1980s that we've spoken to briefly this morning seems like an earlier easier time, despite the fact it's a snap of a finger in terms of history. and what did we do -- what threat does the huge income gulf pose to the future of this country? there's such a widening spread between the people you just referenced, the silicon valley billionaires and other billionaires and millionaires, and the average person. you've spoke about the fact you are an optimist. i, too, am an optimist.

but have you ever had feeling given this income gulf that cynicism is somehow ahead in the game versus optimism? >> so, it gets a lot of warranted attention. we don't talk enough about age and equality. if you're over 75, you're 72% wealthier than 40 years ago. but if you're under the age of 40, you're on average 22% less wealthy. for the first time in american history, a 30-year-old man or woman isn't doing as well as his or her parents. the incumbents in the existing wealthy like to say these are problems that are insolvable. they are not. they are conscious decisions. people under the age of 40 have seen wealth as a percentage of gdp be capped. it's a conscious decision we made. the two biggest tax deductions are mortgage interest and gains.

so we have made a concerted decision to transfer wealth from young people to olderer people. the pandemic and the bailouts were not allowing the gail force winds of destruction to blow, which, in fact, transfers wealth in older to younger people. when you say the baby boomerer's restaurant, you're take wag for the opportunity for a younger person to come in and buy that business on the cheap. you mentioned the '80s. when aapplied to ucla, the acceptance rate was 76%. this year is 6%. we have entered into a dangerous mentality of rejectionism and exclusivity where we decide once i have a college degree, i don't want anyone else to get into my alma mater so the value goes up. and once i have a tech company, i'm going to stick my elbows out. it's not about the top 1%. america is about giving remarkable opportunities to the 99% below that. we need to fall back in love with the unremarkables.

>> i love it. the new book is "adrift", making a great point, scott galloway, thank you very much. and congratulations on the book. up next, he had a massive impact on how we watch tv and movies, but you probably never heard his name. a new book introduces us all to frank beyondi. we're back in 90 seconds. beyond. we're back in 90 seconds i think i waited this long to get botox® cosmetic because i take like no time for myself. my kids are sports kids. we're always running from one activity to another. i'm still tonya, and i got botox® cosmetic, and this is like the first thing i've done for me in a really, really long time. my life is still crazy, it's just as full as it was before. just with less lines. botox® cosmetic is fda approved to temporarily make frown lines, crow's feet,

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was hbo. it was a place in time where you had the coin dense of everybody being the same age, but it was roughly 28 to 40 years old. two of my princeton baseball teammates and a third classmate were at hbo. >> that was the former ceo of hbo frank biondi sharing his thoughts about running the ground breaking company in its early years. though he may not have been a household name, you can find his footprints anywhere there is a television set, even after his death in 2019. joining us now is his daughter, jane biondi. she serves as managing director at jm morgan chase and author of

a new book called "let's be frank." i loved watching you watching him and seeing you beam. >> yes. >> it's a complete daughter's love. but tell us about not just his impact on television. i i love the concept of how this book came to be. >> yes, he had an enormous impact on the media industry, when pay content became a thing. now we take it for granted. and i always encouraged him he should tell that story because it was really relevant to today's media industry. he was reluctant. he was kind of an unassuming guy, but when he was diagnosed with terminal cancer he finally agreed to do it. we spent the last year of his life gathering the stories he had from his time in the media industry and we put it together. i had the great privilege of being able to finish it after he died, but as i wrote it, i came to appreciate his biggest impact

was his humanity, his ethics, his humility and leadership qualities we see less and less of in the world today that anyone could benefit from learning from. and his friends rallied around to help finish it. steve rattner provided an endorsement for the book. and it was my privilege to be able to share him with the world because he was a special and unique man. not just as an executive, but as a person. >> let's talk about hbo, which such a fixture producing seminole shows year after year. but at time, it was a risky bet. talk to us about how he helped grow it. >> it was a risky bet. some of the tactical things they did to grow the business was they just did a lot of research about how the cable industry was going to develop. so they were betting on the consumers that were actually paying money to buy hbo and the movie channel, which was their

competitor the at the time, now showtime and cinemax. so the executives knew there was a demand for product before the studios it. so they went and bought content from the studios and provided another revenue stream for the movie stuios. in fact, at the time owes started to rely on their fees to fund new films. they had better information essentially than the studios did. they were able to pay more money for content knowing that on a per subscriber basis it would be cheaper by the time the films came to hbo. >> so you finished the book for your dad. what part of you would your dad recognize if he were here with us? >> what a great question. i hope he would say my kindness, my thoughtfulness, and my dedication. i have a lot of fortitude. i stuck with this through a pandemic, through grieving him. he was my rock.

we were very, very close. i was at his eulogy the thing i often have been most proud of was being his daughter, but i hope he would say he's proud to be my dad. >> you talked a lot about his leadership qualities, but it sounds like his humanity and the qualities he has as your father played very much into his leadership. >> yeah, absolutely. some of the things in the book that were news to me in learning from him in the process that he was very much about building partnerships that would maintain after the deal. he didn't view deals as transactions necessarily that in order for them to succeed, everyone needed to feel like they got a good deal in the transaction. so there's a great story in the book about when he was at coca cola, which many people didn't know ventured into entertainment to diversify out of of soft drinks he was put in charge of building that division. one of the things he did was

invest in castle rock. his team ultimately went on to build "seinfeld." but the deal and financing was an interesting one that dad offered them terms. universal offered them what seemed to be better terms. dad said it doesn't sound like they can offer you based on what i know about industry licensing fees and so forth. sure enough, dad was right and they came back and honored the original terms of the deal because it was going to be the right thing to do to be partners. and they said not only did he not have to honor those terms, but he chose to et sweeten the deal to be sure that everyone succeeded. and they still remember that to this day. >> what a wonderful experience for you. thank you for sharing him with us. the new book is entitled "let's be frank." jane biondi, thank you so much.

it's great to have you on the show. and thank you for sharing the book with us. >> thank you so much for having me. that does it for us this morning. what a week it's been. jose diaz-balart picks up the coverage right now. good morning, 10:00 a.m. eastern. i'm jose diaz-balart live in washington, d.c. on a very busy friday morning. the september jobs report is out and it shows that job growth slowed again last month. we're going to take a closer look at what this means with the labor secretary. the prospect of armageddon a chilly warning from president biden about the nuclear threat posed by russia. we'll go live to mocow to get reaction. this as the president makes history by pardoning thousands of people convicted of simple marijuana possession under federal law. meanwhile nfl the cleanup continues as the death toll from hurricane ian continues to rise. a look at why it was the dead hiest