a great partnership with the historical society of pennsylvania and the wonderful support of david rubenstein, we have been able to open this gallery, display these drafts together and tell the story of the evolution of the text of the constitution into the draft that was ratified september 17th, 1787. it is so excited. in many ways, this gallery tells the story of the underappreciated hero, james wilson, of the constitution. we have all heard of james madison and alexander hamilton, the rap star of the moment and president washington. in many ways, james wilson was the intellectual architect of the central idea behind the constitution that we the people of the united states as a whole have the sovereign power. that was the big idea eventually embodied in the preamble to the u.s. constitution. it wasn't the way things started when the delegates came to philadelphia to draft the constitution, they came as representatives of individual sovereign states and many of them insisted that we, the people, of each state are sovereign. wilson horks h wilson, who had served in the continental congress, s

catch the david rubenstein show. it airs wednesdays at 9 p.m. in new york.ime for the stock of the hour. shares are sharply higher on the news that warren buffett's berkshire has bought a 1.8% stake in the company. abigail doolittle is joining us with more. : it never ceases to amaze. when a legendary value investor gets into a stock, the shares jump. investors want in it. -- want in. seen is a $3alue billion turnaround plan that cuts expenses by the end of 2019. that could offset complete losses of their drug that has been pressured by generic. fears around that drug have started a big crash, or pullback. a sharp decline. if we hop into the bloomberg, we see teva was a more than $60 stock. it dropped to $10. this could be a bullish congestion here, suggesting that buffet's bet may pay off. the stock is confirmed to go around 30. shery: what is the role of the new ceo? abigail: he as a premium to this story. -- adds a premium to this story. he gives conservative guidance. he is a research and development guy. their strategy is about cost-cutting right now. t

[laughter] satya: says david rubenstein. [laughter] david: right, right.ya: and i thought, wow, maybe that is what i should do. then somewhere along the line, i started talking to people. and they said, hey, why would you do that? you are in tech. you should really come back. it was an amazing time because windows nt, which became what have you, was just starting out. and i subsequently went and did some combination of part-time and other courses, and actually finished my mba, which i find stunning. david: you were commuting, working, and on weekends commuting to the university of chicago. and that must've taken a lot of energy to do both. right? satya: it was crazy. david: so, you are beginning your ascent up, but dealing with some personal issues. your first child was born with cerebral palsy. he is now 21 years old. so how did you realize that was going to change your life and how have you dealt with that issue? satya: yeah, even, i was 29 years old when our son was born. and if you had even asked me maybe even an hour before he was born, what was going

matt: appreciate your time today, david rubenstein. cochairman, cofounder of the carlyle group. great you. let's talk about a better economy that david was talking about. the second reader gdp for the fourth quarter coming in 2.5%, in line with estimates all the first three. personal consumption, 3.8%, pretty consistent with the last three. core pce coming in line with estimates. 1.9%. also looking at earnings breaking, tj maxx getting a nice pop in the premarket. sales coming in better than estimated, almost $11 billion, comp sales up 4%. the company however boosting their dividend and buyback plan. in the markets, take a look at where we are. s&p futures trying to cling onto a positive lead. futures of by about five points. in the bond market, the 10-year yield going nowhere until the end of the quarter. a little bit of buying on the margins. the dollar index still trying to hold onto its lead. the weakest for the euro since october of last year. mckee joined by michael and oliver chen. he has an outperform rating on tjx, has an $88 price target, but cannot talk about it until

julia: investors are willing to accept lower returns according to carlos chairman david rubenstein ande spoke with matt miller at the conference in berlin and discussed changes facing the private equity industry. there is no doubt prices are high and investors want to get the money invested. if you invest in high prices you get lower rates of return but investors are willing to accept lower rates returned to get the money invested, so if you have the money, which rather have so percent or get a 14% rate of return, being lower than 20% but much higher than zero, some to investdo want money and we can invest money and we can invested and get a good rates return. >> it seems that a lot of private equity firms are having trouble figuring out where to put the money because they have to invest money and we can invest money and we can invested and get a goodraised 3 trillion in the lat five years and are sitting on one $.7 trillion in cash, what did they do with it? funds are invested over five years and carlo put $22 million in equity so i think invested and iet do think larger from seven ad

[applause] whether it's charlie rose or david rubenstein, don't want to talk about that. let me start, kevin, with a very broad question. on the recent tax reform bill. what in your view are the three most important changes that that bill accomplished? mr. hassett: thanks so much and let me begin by thanking john for his leadership for all these years. i think it might've been that i wrote a paper for the very first meeting, but if it wasn't the first, it was the second. mr. samuels: we take credit for your career. mr. hassett: four could be the other way around. it's because of that first paper. anyway i think it has become a highlight of the washington tax community every year because you bring in even people from oxford to come help us think about average tax rates. we have learned so much. i know that there are probably diverse opinions about the nuances of the international tax rules in the tax bill in this room. i think there are a heck of a lot of good things in the tax overthat 02 the research the years, nonpartisan economic research with the best tax economist in

david rubenstein who already owns four of the remaining copies. >> dana: good for him. >> brian: i amot to be something in there. >> brian: you got a chance to see me in person. now it's time for the people in new jersey. i will be signing "andrew jackson: the miracle of new orleans." that's in new jersey thursday. friday, to georgia. at barnes & noble in marietta. i'm going to enjoy the weekend in shorts. now, attention next generation, something extremely disturbing about ipads and iphones. kids no longer have the muscles in their hands to use pencils and pens. this is a widespread global problem. kids can't write because they don't have the muscles. how weak are we? >> kimberly: they need occupational therapy. >> dana: they need to play with blocks so they have grip. >> kimberly: i don't know what is up with that chair. people think they get two "one more things." >> bret: okay, kimberly. thank you. i am bret baier in washington. president trump's top communication advisor and perhaps closest advisor is about to become incommunicado, at least officially. hope hicks is resigning one

david rubenstein calls it a science fair.r will end security and control. you you by his believe that we can come out of all of this smoothly? nouriel: i agree that we needed unconventional monetary policy to avoid becoming another depression. this thing has worked in the u.s., in europe, in japan, and other economies. question is how you exit these unconventional monetary policies, and so far the exit has been smooth. reduce sing essentially their purchases, and there are some wobbles in the bond market. tom: bitcoin has just gone under 8000 to a $7,000 handle, and this is because of julia coronado. julia: i will take credit for that. that is me. tom: i look at all of this, and the backdrop is your huge history at bnp paribas of being right on score, subdued economic growth. do you look at the effervescence or du have to fold and the international attribute which folds it down under 3%? julia: if you look at the pickup between 2016 and 2017, that has global roots. saw a surge in china, a surge in emerging markets. the destin