david: you mentioned bill gates, how did you actually come to know bill gates? mr.fett: the editor of the editorial page of the post called me in the late 1980's and she said "warren, i have always loved the pacific northwest, but would like to know if i would have enough money to purchase a house, a vacation house near seattle." i said, "anyone who asks me if they have enough money, does." so she bought the house and she invited me and others to the house. and she knew the elder gates. she called mary gates. they tried to get bill to come, he did not want to come to meet a stockbroker. but mary was a very firm type. finally they started negotiating hours and she said for hours, and he said one hour. when we met, we talked for about 11 hours straight. david: so that was the beginning of the relationship. mr. buffett: we hit it off. david: but you did not buy any shares? mr. buffett: i bought 100 shares just to keep track of what this young kid was doing. david: and he is now on your board? mr. buffett: yes. we have a lot of fun talking. david: let me ask about the p

and say what would happen to bill gates.it's not relevant. you have to say what would happen to silicon valley if it would've raised the taxes in the bickley, and would've slowed slowed the cumulation of risk-taking and the creation of institutional capabilities that i think a lot. show me the example of the tax rate is i am somebody is evolving those capabilities faster. >> what about the 1950s? >> you would find you would build networks of highways. built, television a great enormous mass market. we have people returning back from the war when you had a decade or two decades from the great depression where really no innovation had been implemented. we have fallen behind the national rate of growth. there were numerous reasons. there was a huge migration of agriculture into manufacturing. those things lined up in a way that magnified the game. >> despite the fact that were 90% at the top. >> nobody paid 90%. corporate taxes were lower than -- you know, i argue in the book that economics is very circumstantial even though we

they're going to be there along with ellen degeneres, robert de niro, bill and melinda gates, artgehry, richard garwin, eloise cobul, we are going to keep an eye on this and monitor. this as soon as he begins to put the medals on even to bill and melinda we'll take some of those shots. let me take it back to the floor show, and elliot warren where we look at oil at the movement november 30th is getting very close, is it not? that's when opec meets and we've seen oil take off in the past couple of days where. do you see this going? >> liz, your guess is as good as mine. we know this is rallying on the words of a few combies guys of opec, it can be impossible to predict. you guys keep talking about this trump rally. i want to say that this market held 18,000 this whole entire time. it was the fear of the unknown that prevented the rally. we'd be up here whether it was hillary or donald trump. it was the fear of the unknown holding the market down and wanted to rally the entire time because it didn't sell off. it held on month after month, now that they know and eliminate the unknown fact

that's why i think it's a mistake to just look at bill gates and say what would happen to bill gates.it's not really relevant. what would happen if silicon valley if we would have raised the taxes significantly and slowed the gradual accumulation of risk-taking and success and the creation of institutional capabilities. >> how about 1950's? >> bit networks of highways and enormous mass markets. we had people rurping back from the war when you had a decade or two decades from the great depression where really no innovation had been implemented so, you know, we have fallen behind the natural great of growth if you will. there was a huge migration out of agriculture into manufacturing. those things lined up in the way that magnified the gains. >> despite the fact that were 90% at the top. >> nobody paid 90%. corporate taxes were lower than -- you know, i argue in the book that economics is very circumstantial even though we try to have the truths. i think if you go back to 1950's because the economy is capital intensive, what's our large corporation, proctors, low corporate tax rate at t

tonight an encore edition of a conversation with bill gates. happy thanksgiving. bill gates just received the presidential medal of freedom from president obama. >> a f government is blind, then things like tax evasion, child pornography and perhaps most importantly terrorism enabled by nuclear biological weapons, then our government isn't able to fulfill some role of stopping those things. >> rose: right. and, so, it's great that people are talking more, you know, post-snowden and everyone about how do you feel about those safeguards. if we can't, as a society, discuss those safeguards and build them in a way that we feel good about, then government won't be able to fulfill its function. >> rose: for this thanksgiving day, bill gates for the hour. >> rose: funding for "charlie rose" has been provided by the following: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: bill gates is here. he is microsoft's co-founder and

we have to go see bill gates and a lot of other people that really understand what's happening. we have to talk to them maybe in certain areas closing that internet up in some way. someone will say, freedom of speech, freedom of speech. these are foolish people. we have a lot of foolish people. we have a lot of foolish people. we've got to maybe do something with the internet. >> nobody really knows what the president-elect meant that when he said what he did this time last year. about closing off parts of the internet. we've got to do something with the internet. we've got to maybe in some areas close that internet up in some way. nobody knows if he meant that when he said that during the campaign. but public service oriented keep information free parts of the internet, they're not waiting around to find out.

first we came close to missing out on a bill and melinda gates incredible partnership because apparentlyill's opening line was do you want to go out two weeks from this coming saturday? [laughter] he is good with computers but. ortunately melinda believes in second chances and the world is better for it. the gates foundation has worked to provide life-saving medical care to millions, boosting water educationimproving for children, and riling effort on climate change. cutting childhood mortality in half. the list could go on. these two have donated more money to charitable causes that anyone ever. many years ago melinda's mother told her to know that even one because breathed easier you lived, that his success. by this and just about any other method, few in human history have been more successful tn these two impatient optimists. frank gehry has never let reversed his refers t optimism. for better or worse, i thrived on it. poor jewish of anagrams he group in los angeles and embrace the spirit of the city defined by an open horizon. he spent his life rethinking shapes and mediums, the fo

. >>> coming up, president obama sets a record with a little help from people like tom hanks, bill gates. the attention and almost didn't want us to tag along. once you hear his story, you will be glad he agreed. >> travel weather could cause a problem for some of us, especially in the central part of the country. hey! is this enough? a little more... grandma! there you go... there's no more room. i know i had one more... hmmm... more. how's it looking? we need 1 more yes... let's enjoy. we need more rolls there was a little girl, and she became friends with every animal she met. it's getting late, grandma should go. one more? >>> this is truly a blessing. it really is. >> i never dreamed of anything like this. >> absolute pure emotion from families right here in the bay area. >> our 10 news reporter shows you why a bay area police officer is using his own money this thanksgiving. >> hopefully we'll get the electricity turned on today. i got food. >> reporter: this st. pete police officer shopped until he dropped. >> we have frozen turkeys, some green beans, mashed potatoes. >> none of t

. >> from diana ross to bill gates and michael jordan. they've been bestowed the nation's highest civilian honor. >> reporter: before the ceremony began, robert de niro and the gang, ellen degeneris tweeting this, the mannequin challenge inside the white house. ellen, bill gates, and the boss pointing there. the crowd of honorees. ellen once getting the president to dance on her show. the president had ellen in tears. >> today, every day in every way, ellen counters what too often divides us with the countless things that bind us together, inspires us to be better, one joke, one dance at a time. >> wiping away the tears, a hug from robert de niro. then it was his turn. >> his the sicilian father turned new york mobster, a mobster who runs a casino, a mobster who needs therapy. >> they were the musicians, diana ross still reigning supreme. her trademark beauty was there, bruce springsteen honored too. >> i am the president. he is the boss. >> reporter: and who stands taller than the president? and michael jordan. >> there is a reason you c

this young guy named bill gates had started a tiny little company called microsoft. >> bill gates was that unusual combination of a tech guy who was as good as the best tech guys but he also had a business sense. and he had a business vision. >> at the time, everyone was making it up as they went along. there was nothing that came before it. there was no personal computer industry. so when gates said to ibm how about this, we'll write you an operating system for your pc and we will get a cut of every machine you sell, and in addition, he made sure that it was not an exclusive license, that he was going to be able to sell this software to ibm but he was also going to be able to sell the same software to the other people because gates intuited that there were going to be people who would build knock offs of ibm, the pc clones. >> it was a genius move on the part of the bill gates who was still in his early 20s when he makes this decision. you've got these guys at ibm in their blue suits and dark ties who are looking at this company, microsoft, saying who cares? software, who cares about

harvard, some other kid named bill gates apparently lived down the hall. and you are better at math than him. steve: that is an extreme way to say it. prize matham competition, i did beat him our sophomore year. emily: how did you get to know him, what was your relationship in school? steve: we got to know each other, has a meal together, took math class together and brainstormed a little about what would -- what he was doing with microsoft. about a year after the company moved to seattle, he called to say we could use a guy like you. emily: so you joined microsoft in 1980. you are the 30th employee. was there a time in the first few weeks when you are thinking, i do not know if this places for me, maybe i should quit? and i were arguing, i wanted to add a bunch of people, he did not want to add them. he said, you will bankrupt this place. i thought, why did i drop out of school? that is where i make up in my head, bill invented this computer on every desk and every home. he says steve, you do not under stand -- you do not get it. we will put a computer in

at harvard, some other kid named bill gates apparently lived down the hall. and you are better at math than him. steve: that is an extreme way to say it. on the putnam prize math competition, i did beat him our sophomore year. emily: how did you get to know him, what was your relationship in school? steve: we got to know each other, took math class together and brainstormed a little about what would -- what he was doing with microsoft. about a year after the company moved to seattle, he called to say we could use a guy like you. emily: so you joined microsoft in 1980. you are the 30th employee. was there a time in the first few weeks when you are thinking, i do not know if this places for me, maybe i should quit? steve: bill and i were arguing, i wanted to add a bunch of people, he did not want to add them. he said, you will bankrupt this place. i thought, why did i drop out of school? that is where i make up in my head, bill invented this computer on every desk and every home. he says steve, you do not under stand -- you do not get it. we will put a computer

♪ emily: he got his start at microsoft as employee number 30, personally recruited and hired by bill gatesin over three decades, he went from top lieutenant to microsoft's cdo and is perhaps best known for bringing light to software conferences that will never be seen again. in 2014, steve ballmer left microsoft, bringing his trademark energy and enthusiasm from the boardroom to the basketball court with a $2 billion deal to buy the l.a. clippers. joining me today on bloomberg studio 1.0, steve ballmer. ballmer group cofounder and owner of the l.a. clippers. steve, thank you so much for joining us. you that iumor about couldn't possibly believe to be true, which was that you were shy growing up. "studio 1.0 that -- steve: that's a true rumor. emily: tell me about this. steve: when i was a kid, if somebody's dad was at home, i would literally stood out in the car because i would be so nervous and shy. college, a friend of mine describes it this way -- hi, i'm steve ballmer, my hand is sweaty because i'm so nervous to meet you. [laughter] over time, that has changed. .mily: it has changed yo

add to that question back to ted turner. >> bill gates says, and get it making money.e wasn't buying it. john: and i wrong in thinking that i am happy if he gives that the charity? >> when you be happier if he did? you alleges -- this is what people don't like these men. i know your dirty tricks. there is nothing more say. goodbye. i am walking out. john: he did not want to talk about it. let's take that same question to an economist to rise a free-market institute at texas tech. >> i am not boty don't give more of it away. they make their money by making allies that. they are helping people. often that is the best with a can help. john: and then make a profit than they hire people, those jobs live on for years. people use it to educate there kids and feed their family. there is a multiplier. these guys may not even begin dexterity. we know they're good at making money. stick to what your specialty is. >> it's about the results. if leeson to do the things that we want them to do. of course the real reason is that creating the products and services that make our lives b

steve ballmer has opened up on his strange relationship with bill gates for the very first time.xclusive conversation on bloomberg studio 1.0, he reveals it was his decision to move into smartphones after watching apple and android pass them by, that led to the breakdown of his relationship with gates. take a listen. >> people like to focus in on bill was c.e.o., you were c.e.o., this is kind of like my baby. my baby and bill's baby. we were growing, it, nurturing it. he was the senior partner, i was the junior partner. if it's in the raising of children, i would say he was more -- mom gets to decide more than dad. but -- so i take great satisfaction in the things we accomplished. throughout the time. not just when i became c.e.o. when i became c.e.o. we had a very miserable year. bill didn't know how to work for anybody. i didn't know how to manage bill. i'm not sure i ever learned the latter. things lightened up some. then i would say my life changed a lot in 2008. when bill actually left the company. emily: how so? >> bill asked me, i'm happy to help you in any way, but i don'

bill foley and his staff had trouble right out of the gates.. the introductory video wouldn't play... despite the fired up to bring hockey to las vegas. "i promise we will be better on the ice." butt to "i was hoping to get a few hundred people we had five thousand and another couple thousand couldn't get in because it was too crowded." now its time to start drafting players.. and putting a team together. the vegas golden knights will start playing at the t- mobile arena next season. of course we'll be there with you every step of the way. keep up to date with the vegas by downloading our mobile app. ad lib good morning i'm

extensively in wealth inequality in previous books like 99 - 1, wealth in our commonwealth with bill gates senior, and economic apartheid in america and the american prospect and numerous other magazines and news outlets. he grew up in the 1% and is the great grandson of meatpacker oscar mayer, at age 26 he gave away his wealth and he has been working to strengthen communities.s. in the process he cofoundedd numerous initiatives, united for a fair economy and divest, invest. thank you everyone for coming. i will turn it over to chuck. [applause] >> thank you cody. thank you for coming out on thi. evening. this is the first event that i'm doing.ent i'm the book is actually published tomorrow formally, so thank you for coming out to an unpublished book event, and i want to recognize morris pearl who wrote the forward to this book.he he is the chairman of the patriotic millionaires which, wt can tell you more about that network, but he was a former managing director and you may see his op-ed in the new york times today on transparency and corporate taxation. we are thrilled, i'm thrilled that

and then when i look around and see the good things going on at the gates of bill and melinda gates foundation has done it inspires me. >> mia has given us more than place force remembering she created places for us to create new menryes, mia lynn app artist and extraordinaire designed the most emotional of all memorials vietnam memorial made of granite but it seems like it's a living, breathing thing [ applause ]. >> when i see cecily tyson i see beautiful, inspirational black only. she's a star at the stage and big screen and small scene and i believe seeing her in the autobiography of talent. >> you still have two sons but now one is forever outside. >> as a kid i wasen tlaled by apolo missions. mark mchamilton math mattishian created the on board flights and leader in her field ander spition ration to women everywhere. >> as margaret says there's no margaret never stopped pioneering lucky for us. >> michael jordan. greatest basketball player of all time. i used to just get epergizinged watching michael jord app good down the court the way he dunked. >> how much courage was requi

gates. [applause] >> few people have had the profound global impact of bill and melinda gates. rheir work at the bill -- ough their work at the bill and melinda gates foundation, they have demonstrated how the most capable and fortunate among us have the responsibility to use their talents and resources to tackle the world's greatest challenges, from helping women and girls lifted themselves and their families out of poverty, to empowering and minds across america, they have transformed countless lives with their generosity and innovation. bill and melinda gates continue to inspire us with their optimism that together we can remake the world as it should be. [applause] >> frank gehry. [applause] >> never limited by conventional materials, styles or processes, , his bold and thoughtful structures show architectures ability to revitalize communities. a creative mind from an early

the big project i work with bill gates' dad on his tax wealth through inherited taxation and invested in debt-free education. and in washington state we are able to get the state wealth tax to be directed, we want to replicate that another states. tax concentrations of wealth invest in things that create real opportunities. that's the way forward. there is a number of gamble family members who are part of this movement. >> it's two hours long and complicated but it blew my mind of what you're saying anyway,. >> is awesome, not quite there. >> one concerns the ceo pay that's relating to campaign contributions. as you know wall street gives a lot of money to people who are running as a result of that they get huge sums of money and they feel like they're entitled to that. it them applies to not just banks but also insurance companies. they get like 25 million, 30 million per year so that contributes to income equality. so how do we overturn these practices and insurance companies donating significant sums of money to the election process -- and then they get lax regulations that work in

being honored -- ellen degeneres, robert de niro, diana ross, robert redford, michael jordan, and bill gates. kanye west's saint pablo tour is now cancelled -- as the rapper sits in a psychiatric hold. west was taken in for observation monday afternoon -- after police responded to a medical welfare call. sources say he has been hospitalized for his own health and safety -- but that he is okay. it follows a week of controversial fueds -- publically concert in sacramento after a long, explicit rant. tickets for the last leg of his tour will be refunded -- including the concert at the pepsi center next monday. sometimes you'll get an ache that isn't enough to go to your doctor -- but just enough to be a pain... today's home remedy to ease those pains, coming up. but first let's check in with marty... if you have a e in a and choose world. love or like? s? enter sleep number. don't miss the ultimate sleep number week, going on now. sleepiq technology tells you how you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow

charlie: bill gates is here. he is the microsoft cofounder and cochair of the bill and melinda gates foundation. his latest mission is to invest his way out of our climate change challenge. he has gathered investors to put billions into clean energy research and development. the group is known as the breakthrough coalition. it includes jeff bezos and jack ma. they commit government to double funding. the initiatives were announced in november at the climate summit in paris where 190 members reached a landmark agreement to reduce greenhouse gas emissions. i am pleased to welcome bill gates back to this table. welcome. bill: thank you. charlie: i've read the shareholders letter which will aftereased tonight right this show. here is what seems to me, with all of the concentration on the station, all of the great things that have taken place, two things come out of it. one is agriculture and your understanding of how crucial agriculture was and second is energy. so you pose this question. if you could have a superpowe

former microsoft ceo steve ballmer has opened up on his estranged relationship with bill gates for theime. ballmer revealed it was his decision to move into smartphones after watching apple and android pass them by that led to the breakdown with his relationship with gates. take a listen. >> people like to focus on, bill was ceo or you were ceo. this was my baby and bill's baby. he was the senior partner and i was the junior partner. i would say that mom gets to decide more than dad. i take great satisfaction in what we accomplished the rep the time, not just when i became ceo. -- accomplished throughout the time, not just when i became ceo. when i became ceo, we had a terrible time. bill did not know how to work for anybody and i did not know how to manage anybody. i would say my life changed in 2008 when bill left the company. emily: how so? >> bill said, i am happy to help you, but i do not want you to need me. if you want me, great, but i have another life. in a sense, i finally felt like, we are not partners anymore. i have to take accountability. i think i did some of my best wor

but those speeches -- >> bill gates. >> bill gates and melinda gates. when president obama was talking about each individual and their accolades -- there's the queen. s cecily tyson, a friend of ours. the michael jordan of, like you're the michael jordan of chefs. >> that was really cool. let's take a quick look at your weather and show you what we've got happening for you. starting off with possible delays getting out today. airport delays, chicago, detroit, indianapolis, less problems memphis, seattle and portland. and then getting home on sunday, boston and san francisco, big problems. kansas city, st. louis, not >> wren: here in new england we're looking at very pleasant >> new heeding, very pleasant travel conditions, more pleasant than yesterday. and not as breezy. cloud cover in the forecast. and wintery mix in the morning. in terms of snow totals, the potential for a dusting and more as you get to the mass pike and the worser hills and berkshires. i think you need to give it to her. >> yesterday we celebrated dylan and her baby is coming very so

shark tank henry ford, bill gates, steve jobs all had humble beginnings but became for ten -year-old jack bonneau, it all started with a toy. >> the lego star wars death star. >> but legos aren't cheap. >> it was $400. , going to make $400, and eight years old. >> after a little thought, jack went to work. he opened up a lemonade stand. >> i started it at my local farmers market. revenue and after expenses, i made $900 in profit. >> jack is not your average kid. and in just two short years last summer jack subcontracted over 200 kids to work his six stands and marketplaces. >> i think it's amazing -- he's very talented. >> i also wanted to share my experience with other kids so they could have been same great experience i did. >> just a good kid with a great brain and lots of drive. just in case you're wondering >> jack's as he once opened up his stands in detroit and new orleans. because he says he has people there. we believe him. >> that kid is going places. >> walt disney world debuted its first drone holiday light show over at disney springs entertainment complex. 300 drones mov

coming up, steve ballmer opens relationshipfrayed with bill gates.top on the presidential election and which candidate has the better tax plan. don't -- don't miss our exclusive interview next. this is bloomberg. ♪ brad: former microsoft ceo steve ballmer has opened up on his strained relationship with ill gates. he says it was his decision to move into smart homes that led to the relationship breaking down. ballmer revealed the details during an exclusive interview with emily chang on bloomberg's "studio 1.0." this is kind of like my baby. my baby and bill's baby. he was kind of like the senior partner, i was a junior partner. if it was the raising of children, i would say -- mom gets to decide more than dad, but -- i take great satisfaction in the things we at cop wishbut throughout the time, not just when i became ceo. when i became ceo, we had a miserable year. build it not know how to work for anybody and i did not know how to manage bill. i'm not sure i ever learned the latter. things lightened up some. my life changed a lot in 2008, when bill

bill gates got $1.5 billion. by .9 oforth climbed 1%. if you look at brexit, billionaires lost $400 billion on the chinese right. what do they get for you wanted going into the white house, a measly $37 billion, angie. i tell you what. being a billionaire is hard, hard work. let's look at the markets. about the relief rally. the s&p, the s&p broke trend -- this is the key thing. the s&p turned it around. it broke the longest losing years.in 36 volatility drops. we are seeing these future boards showing a little bit of relief in terms of the futures, angie. we are just coming off those initial highs. we have the emirates on the local markets. abu dhabi opened at 10 a.m. local time. dubai, egypt, and qatar -- all to focus on today. you, they rose 1.5 percent, the highest since september. the rsi is at 70. just checking in on egypt there. we pop that in for a little bit of a difference. you have a nice move from egypt. of course, a big rally there. the seventh day, a stay in a row , led by the big banks. we have not seen that in a month. lo

bus springsteen, bill gates. -- bruce springsteen, bill gates, unbelievable the star power in that room. they win. do the mannequin challenge, come on, you're automatically going to win. >>> we'll have a check of the day's top stories for you including a warning after a new hampshire man was seriously hurt putting up christmas lights. >>> the democrat who appears today to run for governor. >>> and how you can get your very own customized ugly christmas sweater. >>> weather watchers checking in with temperatures that are again chilly as you head out right now. the wind-chill values in the teens and 20s. kathy checking in with 18 degrees in worcester. doug in tewksbury says 25. denise says 21. and aubrey says 29. the wind will anyone issue today. i'll let you know how >>> ugly christmas sweaters fly off the shelves this time of year, but if they they were the you can design your own for around $100. >>what's going on yours? >>i think we've decided we're putting your face, so it'll be a cute ugly sweater. >>what's cute and ugly about it? >>i don't know. it's up to the eye of the beholder.

gates. few people have had the profound global impact of bill and me linda gates.hrough their work at the foundation, they demonstrated how the most capable and fortunate among us have a responsibility to use talents and resources to tackle the world's greatest challenges. from helping women and girls lift themselves out of poverty to empowering young mind, they transformed countless lives with generosity and innovation. bill and melinda gates inspire us with optimism that together we can remake the world as it should be. frank gary. lever limited boy conventional materials, styles or processes, his bold and thoughtful structures induces wonder and ve r revitalizes communities. he garn his career by building imaginally homes with scrap metal from his grandfather's store. his work strikes a balance between experimentation and functionality. from his pi yearing use of technology to the dozens of awe-inspiring sites that bear his style to his public service with work with turn around arts, frank gehry has proven himself as a scholar and innovation. >> margaret hayfiel

. >> bill gates. who has had a bigger impact on american culture.p. michael jordan? >> vin scully's reaction. authentic and amazing to hear. >>> thanks, andy. she was tough on donald trump during the campaign. now she may be up for a job in his administration. more on nicki haley's trip to trump tower today. coming up. what makes this simple salad the best simple salad ever? heart healthy california walnuts. the best simple veggie dish ever? heart healthy california walnuts. the best simple dinner ever? heart healthy california walnuts. great tasting, heart healthy california walnuts. so simple. get the recipes at walnuts.org. what's going on here? i'm val, the orange money retirement squirrel from voya. we're putting away acorns. you know, to show the importance of saving for the future. so you're sort of like a spokes person? more of a spokes metaphor. get organized at voya.com. >>> a one-time critic of donald trump could join the trump administration. south carolina governor nicki haley meets with the transition team today. >>> a world leader mee

under 18 would be limited and he may have greater needs than the billionaire bill gates. that's his proposal. >> nonetheless, he's going to have to put together a plan that the president-elect would also agree with. yes, he's somebody that didn't just complain about obamacare, he came forward with his own ideas and solution. that's positive to begin with. and now what you do is go back in and learn from what we saw about the pitfalls of obamacare and make some positive changes so that it's comprehensive reform that actually works. >> we're all going to end up in the middle. we all know this. it's not going to be a private, free market solutions with no government involvement. it's going to be somewhere in the middle but the first thing you've got to do is fix or get rid of obamacare. >> a lot of alternatives. you focus on lawsuit abuse, medical savings account. >> you add it all up. >> this has to go through congress as well if you eliminate obamacare and bring something else. so he has to work with congress to come up with an alternative that is acceptable to senate and

it's not like bill gates took a big piece of the pie so we have less, he baked a million new pies? >> right, we create all kinds of wealth all the time. it's not just sunny side of the street but relatively sunny for the poorest americans as well. john: but donald trump says it's a zero-sum game. if we trade, if china wins, we lose. >> the trade argument is not just wrong, it's spectacularly wrong. nafta created 34 million jobs in the united states, and 6 million jobs tied directly to mexican industry alone. john: how? how does it create jobs? >> creates jobs in ways they're hard to see. we see things creating new businesses, people demanding new kinds of items in innovation, things which weren't there before which are available. econ101 tells us when countries can trade those things that they're good at making that it increases wealth overall. what economists refer to as comparative advantage. comparative advantage says we should make things that's cheap for us to make and buy from other people the things it's expensive for us to make. we see that in the u.s., we're really good at

recipients include bill and melinda gates, entertainer, entertainer, diana ross and actor, robertson era. that's at 255 eastern on c-span. >> james medicine is the architect of the constitution and then george washington is the general contractor. if you would build a house in you know it looks more like what the general contractor has a mind that what the architect has in mind. . . >> >> [applause] good morning label gatt ght to the uh worse case scenario have using contagion? i watch a recently and got scared so how close are we in the infectious disease world to raise an area like that? we have seen ebola with a new tropical emerging infectious diseases coming out of the swamp how close are we to a biblical plague? prefers of every year we identify one the pathogen. everyday on average wheat could detect a new one. the contagion scenario is pandemic influenza and that is what worries us most. bill gates said there is only two things second kill 10 million people nuclear war and a biologically event . so it has happened before. 1919 even 1957 with the influence the pandemic cost 3%

bill gates with miss wife and there is lauren michaels of snl fame. this is going to take placet . once it happens we'll take you to the ceremony here on news 3. today show they are continuing their series of stories of children who have been treated for cancer by st. jude's hospital. now these kids are doing amazing things in their life. today we're introduced to a young man battling leukemia. he's a freshman in high school. he received a bone marrow transplant. he's healthy with a great prognosis. >> your in high school. >> i never thought i would either. i saw the name jordan and thought it was a guy. obviously a young lady. jordan now says riding her horse makes her feel free when for so much of her young life she was on "the today show" after this newscast. >> kim: they are also all over politics on the today show especially with new video that's surfaced from the at right. >> donald trump releases plans for his first 100 days in office. we'll tell you everything yearned to know about hiss agenda. >> and ben opens up in his first television interview about his battle with cont