david: ok. during the transition of the president of the united states, donald trump sent out a tweet saying that your biggest product, the f-35, was too expensive. and i think you were out of the country at the time? marillyn: i was. i was in israel where we were delivering their first two f-35's. [laughter] david: so what was your reaction to the president of the united states tweeting that you were charging the u.s. government too much? marillyn: first of all, we needed to get those aircrafts delivered. one of the most interesting things was that prime minister netanyahu, he was at that event. he asked me about the fact our new president was going to get a better price on those aircraft, and maybe he should get a rebate on the ones we were delivering. [laughter] marillyn: so that presented a bit of a challenge. but, you know, what was important was to recognize what our president-elect was communicating. he was trying to communicate to the american people that he was going to be -- that he wa

david: warren still uses that old flip phone. tim: i know. david: he has no smartphone.e you thought how much more your stock could go up if he used the product? [laughter] tim: i am working on him. i told him i will personally come to omaha to do tech support for him. [applause] david: you are in a building that was designed and inspired by steve jobs. tim: apple park. david: apple park. you moved in recently. tim: steve had the vision the workplace should facilitate people working together, having these common areas that people could work together and run into each other without planning on doing it, and the level of ideas, creativity, and innovation that would come out of that would be phenomenal, and we are seeing that. david: you are convinced that standing up is better than sitting down? tim: we have given all of our employees, 100%, standing desks. if you can stand for a while, then sit, this is much better. [laughter] tim: yeah, we could stand up for a little while. [applause] david: let me ask you about how you came to this position. you grew up in alabama. tim:

david: what is the price for the unmanned? [laughter] david: that sounds pretty novel.arillyn: even in the cockpit of our aircraft, they are using artificial intelligence by fusing information in a way the pilot doesn't have to -- the human mind cannot move at the same speed as what you can get through that computing power, so they can make the right decisions to deal with the situation. we have such things as collision avoidance, so even on f-16's, and we will put this on our f-35, we have artificial intelligence that if a pilot is not realizing that they are not ready to hit the ground, this aircraft will take control. we have already saved six pilots' lives with that technology. that's just a few examples of how we apply the artificial intelligence. david: one of your other products is helicopters. you bought sikorsky helicopter from united technologies. why did you buy it, and how much -- the marine one, the president's helicopter, how much did that cost? marillyn: you are into the prices, aren't you, david? [laughter] david: i'm always negotiating for a good deal.

anyway, david, here we go. david: very impressive.ert: what we have here, this center is designed to really capture all of the records of the african-american experience. there is the records that were institutional. when you think about the bureau and other places, we can capture those and digitize them and we can have access to them. this is the best of the institutional records, but the real beauty here is how do you go and give everybody a chance to put their family's history and their narrative as part of the u.s. environment, or part of the u.s., here in a place where generation upon generation can now find who they were, how they contributed, and not just the 500 people we see represented that everybody knows, but the millions of people. david: what about your family? robert: i hope they are here. but i'm excited. we should probably take a look to see if any of that is accessible at this point. ♪ >> in ancestry in a family search, you can search for individual people. the first hit we get is in world war ii. robert: 1915, 1914.

david: well, okay. it a little bit and see, just check out the talent. david: every time i have ever sung, people say i am completely tone deaf. so i don't think i have the skill. [laughter] david: so if you had to pay to watch opera, who would you want to pay to listen to? who are the great opera male and female performers that you would have paid to hear? renee: oh, gosh. i mean, i would have loved to have heard maria callas, because of her musicianship. i still go to her records all the time. victoria de los angeles, i don't think i ever heard her sing live. i'm a huge fan of her singing schwarzkopf, i did a master class with her, but i never heard her sing live. so there have been great historical -- we belong to a tapestry that is really historic, and i love that connection to what has come before, and i love celebrating that. and, you know, that is something we lose in our culture right now because of this connection to social media and to the here and now and the momentary. this idea that you bec

david: i will have to think about that.eved in life, what would you say that you have most achieved that is giving you the most pride? is it coming from very modest circumstances to becoming one of the most famous people in the opera world, or what would you say it is? renee: i do share with you this extraordinary wonder at the realm of possibilities that we have as americans. because some of my relatives were literally coal miners in pennsylvania, and i have sat next of prince charles and next to the king of sweden at dinner parties and various performances, and i always stop and say, isn't this amazing? literally in two generations, i have this ability to travel the world and experience every place i go at the most extraordinary level. david: and the legacy that you would like people to think about you? let's say 20 years from now when people look back. renee: i think i really expanded the possibilities for the singers who came after me. by singing in multiple genre, by singing jazz, by making a rock album and now singing

david:rge herbert walker bush asked you to help him in his campaign. james: i said, george, that's a great idea. except i don't know anything about politics. number two, i'm a democrat. david: he loses to carter. james: that's because you are in the white house advising. david: was it difficult to prepare reagan? james: the red light goes on, and he is perfect. david: your job was to go around and get the coalition put together. james: it was a textbook example of the way to fight a war. david: what was the reason you were so successful? james: lucky. >> will you fix your tie please? david: well, people wouldn't recognize me if my tie was fixed, but ok. i'll just leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody tick? david: do you miss the day

[laughter] [applause] david: well, ok, i -- [applause] david: i have one here.ave my iphone here actually. and i do use it and love it. and one time, you and i were in china, and i could not work something and i asked you to help me, and you said, look, i don't normally do tech support. [laughter] david: but you were nice, and it did work. you came out with the apple watch not too long ago. why was it called the apple watch and not the iwatch? because you have iphone, ipod, ipad, why not iwatch? did you ever think of that? [laughter] [applause] tim: well -- david: i'm sure you must've thought of it. i'm sure it's not a novel idea. but i'm just curious. tim: it was something that we thought of at the time. david: so it was not a crazy question. tim: no, it wasn't a crazy question at all. david: how come apple watch won out? tim: well, i kind of like apple watch, what you think? david: well, you are the ceo. [laughter] david: the ceo says something. so how are they doing? tim: they're doing fantastic. cellular is now on the watch. you don't have to travel with you

david: ok.ing the transition of the president of the united states, donald trump sent out a tweet saying that your biggest product, the f-35, was too expensive. and i think you were out of the country at the time? marillyn: i was. i was in israel where we were delivering their first two f-35's. [laughter] david: so what was your reaction to the president of the united states tweeting that you were charging the u.s. government too much? marillyn: first of all, we needed to get those aircrafts delivered. one of the most interesting things was that prime minister netanyahu, he was at that event. he asked me about the fact our new president was going to get a better price on those aircraft and maybe he should get a rebate on the ones we were delivering. [laughter] marillyn: so that presented a bit of a challenge. but come you know, what was important was to recognize what our president-elect was communicating. he was trying to communicate to the american people that he was going to be -- that he was

david: ok.ing the transition of the president of the united states, donald trump sent out a tweet saying that your biggest product, the f-35, was too expensive. and i think you were out of the country at the time? marillyn: i was. i was in israel where we were delivering their first two f-35's. [laughter] david: so what was your reaction to the president of the united states tweeting that you were charging the u.s. government too much? marillyn: first of all, we needed to get those aircrafts delivered. one of the most interesting things was that prime minister netanyahu, he was at that event. he asked me about the fact our new president was going to get a better price on those aircraft and maybe he should get a rebate on the ones we were delivering. [laughter] marillyn: so that presented a bit of a challenge. but come you know, what was important was to recognize what our president-elect was communicating. he was trying to communicate to the american people that he was going to be -- that he was

david: you get a call from steve jobs. tim: there was a sparkle in his eyes that i'd never seen in a ceo before. david: did your friends tell you this was not a good idea? tim: it was not. david: warren buffett still uses that old flip phone. tim: i told him i will personally come to omaha to do tech support for him. david: you exposed your own personal life a bit. tim: i thought, i making the am wrong call. david: why is it called the apple watch and not the iwatch? tim: i kind of like the apple watch. david: well, you are the ceo, so. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way? alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? [applause] david: that was quite a reception you got here. tim:

well, then, you might be david cho. >> david: hi.be like me. >> anthony: is that an ak piñata? >> david: that is an ak-47 piñata. >> anthony: wow. >> david: so, i mean, this place is in downtown l.a., so i try to have as many weapons, like, hidden throughout. i got ninja swords and ninja stars and stuff. >> anthony: you need -- you need a puppy, man. [ laughter ] >> anthony: you need a puppy. >> david: i do need a puppy. [ laughter ] i'm going to paint you today. is that cool? >> anthony: yeah, sure. >> david: all right, so, just sit. >> anthony: sit? >> david: right there. and -- sorry. don't usually paint this early in the morning. okay. i'm going to go more expressionistic, if you don't mind. >> anthony: i want to know, and you were on record, you said, you know, young people, uh, looking to follow your road to success, your advice is, whatever you do, don't date a korean girl. >> david: oh, okay. i try to be open-minded about things, right? but, well, i'm racist. you know, for me, i've given it a shot. and then i end up in a situ

david: people wouldn't recognize me if my tie was fixed, but okay. >> [laughter] david: we'll just leave it this way. david: i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? books, oneitten two is "losing your virginity" and one is "finding your virginity." in those books you describe how you have gone from modest meanings to great wealth. when you started life, you are not a great scholar as a young boy, because you had dyslexia. when did you realize you had dyslexia, and wasn't a problem for you early on? -- was it a problem for you early on? richard: in conventional schooling terms, it was a problem. i would sit at the back of the class and look at the blackboard, and it was a jumble. lazy,thought of as a bit a bit thick, or a mixture of the two. if i was interested in something, i generally excelled. what i was interested in was what was going on in the world. the vie

david: who do you report to?haldoon: i have a board of directors, the board is chaired by the crown prince of abu dhabi, so we have a strong board, very present board. the board meets on a monthly basis. david: he is the crown prince, but day to day, he is in charge of running the operations of the government of abu dhabi, that is fair to say? khaldoon: that is fair to say. david: is it fair to say you are close to him? khaldoon: i have worked with him for 17 years. david: i guess you are pretty close. when he comes to the united states and meets with the president of the united states, do go with him sometimes? khaldoon: yes. david: have you met president trump? khaldoon: i have had the pleasure and honor to meet with president clinton, president bush, president obama, and now president trump. david: you do this and other parts of the world as well. khaldoon: yes. david: how much of your time is running the day-to-day mubadala operation, and how much related to government issues? khaldoon: the best part of my jo

david i am not the first phd in , my family. david: your father had a phd. condoleezza: my father and my aunt. my father's sister. i'll he say if you think what i , do is weird for a black person, she wrote books on dickens. david: you were an only child. your parents focused a lot on you. condoleezza: definitely. david: you had all of the lessons you could have. you were a ballerina. condoleezza: every lesson known to humankind. some of which i was good at, some of which i wasn't. they kept me going. i had french lessons. my mother decided every well-bred young girl should speak french. so, at nine years old, i was dragged off to french lessons on saturdays. i had ballet lessons. we had etiquette lessons. i was a pianist. my parents kept me very busy. david: your mother was a schoolteacher? condoleezza: my mother was a teacher and a musician. david: one of her students was willie mays, i understand. condoleezza: my mom taught willie mays. david: was he a good student? condoleezza: i asked him once. he said she told me son, you are going to be a ballplayer.

david: yes. brian: and what impact did that have? is there any evidence? david: in the next almost four years when he would give an erratic speech which he did on occasion, particularly when he'd get out of the white house and travel around the country. there's a famous period in 1866 when he did a lot of public speaking, a lot of people reacted that he was drunk again. and it was based on the experience from the inauguration. brian: was he an alcoholic? david: i think not. was he a heavy drinker? yes. you can school yourself to be a heavy drinker. and he got out of control on that occasion. we don't have other instances where people thought he was essentially drunk on duty. he was a proper man, i mean, one of the things i had to get used to about him was he was a tailor. as a result, he had a great sense of clothes and he always looked great. and his clothes were perfect. a great contrast with lincoln, of course, who was famously sort of shambling and his clothes never fit quite right because he

anyway, david, here we go. david: very impressive.ert: what we have here, this center is designed to really capture all of the records of the african-american experience. there is the records that were institutional. when you think about the bureau and other places, we can capture those and digitize them and we can have access to them. this is the best of the institutional records, but the real beauty here is how do you go and give everybody a chance to put their family's history and their narrative as part of the u.s. environment, or part of the u.s., here in a place where generation upon generation can now find who they were, how they contributed, and not just the 500 people we see represented that everybody knows, but the millions of people. david: what about your family? robert: i hope they are here. but i'm excited. we should probably take a look to see if any of that is accessible at this point. ♪ >> in ancestry in a family search, you can search for individual people. the first hit we get is in world war ii. robert: 1915, 1914.

david: you have two children now.eel it is important if you can do this while you are alive -- your father died, your mother is still alive. what was it like having your parents see your success? richard: it was wonderful to be able to share it with them. my mom -- my first $200 i got to start my business, my mother took a necklace to the police station and no one claimed it, so she sold it for $200. that was the critical money that helped me start. it started this wonderful life we were lucky to lead. david: in the philanthropic world, what is something you are most focused on? richard: we are a good of a serial philanthropist in the way we were serial entrepreneurs, in that i have a hard time saying no to products i thought were important. david: did you think he would be wealthy enough to give away staggering amounts of money? richard: i certainly never dreamed that the dream of my life would have actually happened, and that i would one day be in a position to hopefully make a difference. david: many times people w

david: where did the name virgin come from? richard: one of the girls laughed and said, are you a virgin at business? david: did she get a finder's fee for that idea or not? you began building other companies. richard: the only reason we will go into a new sector is if we felt it was badly run. david: is there something in your life you haven't achieved? richard: we are on the verge of fullfilling that dream, a virgin spaceship going to space. daivd: now you are a sir, you were knighted. richard: i was slightly nervous it would have been a slice at the head rather than a tap on the shoulder. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed, but okay. >> [laughter] david: we'll just leave it this way. david: i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? you have writte

david: i don't play golf.f i had a meeting with you and you thought it was competent and solely of the golf course -- steve: you are probably right, and i still play. david: let's talk about usa fax. what is this now doing? steve: i want a consolidated view of what government does. where does the money come from? where does it go? and by the way, what are the impacts? if we are transferring wealth come what does the quality of life look like? what is the quality of the outcome? how well are our kids doing? david: what are your philanthropic goals in terms of the areas you want to focus on? steve: we are single-purpose. what can we do to improve the chances that kids born at the bottom of the economic totem economically? you will always have people at the bottom of the economic totem pole. it should not be the same people all the time. people should be moving out. people should have a shot at the american dream, which is the chance to do whatever you want to do. that is not true for a lot of kids. the they are

david shannon, just 40, was dead. all it took was a look, in fact, for lead detective mike murphy to see what happened in david's bedroom was highly intentional. >> it was an execution. the intruder came in while he was sleeping, placed a gun to his head, and shot him in the chest. >> and joan? the shock of it didn't help, of course, nor the fact that she was sound asleep when it happened. by the time she calmed down enough to talk to police, she wasn't very helpful. >> i did not clearly see the person who shot david. i'm not sure if i saw or just had a feeling of somebody just leaving the room. but -- i thought it was a shadow. >> did you actually see a shadow or did you tell the police you thought it was a shadow? >> it was a movement, like a shadow that left. >> she was worried about the safety of the children. she returned back to her bedroom. that's where she made the 911 call. >> the children. joan and david's eldest daughter daisy was out of town. but their two young boys, just 7 and 10, slept through it all, u

david: no.was written by theodore -- i think he probably had help from other people who fed him history materials. at the very end of his life, he -- sorenson -- admitted that he had written it. he insisted that kennedy had gone over the entire book and made some corrections and changes. brian: of the seven radical republicans that voted to acquit, you say that is a myth that they were broken and destroyed? david: correct. ross went back to kansas and ended up as gubernatorial government of mexico for the democrats, which is probably where he belonged. a number of the other senators ended up resigning because they decided not to pursue their careers. they were not broken men in any way. this melodramatic story was just good theater, but not accurate. brian: andrew johnson the democratic party and these were republicans who voted to acquit him. he needed 19 votes. one of them, who voted to acquit was a man named thomas hendricks, who was cleveland's vice president. voted to acquit, he would be a

david: right.n your voice doing eight shows a week, does it hurt you if you are going to go do opera later? renee: it wasn't that long before people were unamplified on broadway and they sang by and large closer to the way i do. because of the drama, they put amplification into every theater now, and that makes all the difference in the world. so on the opera stage, our bodies are the amplifiers. we have to create enough sound to be heard over an orchestra, chorus, and into the back of a large hall. on broadway, the mechanism of microphones and application, a really great sound designer, they do that work for us and we can kind of, not take it easy, but not use power. david: explain for people who may not be familiar with this. in opera, there's no amplification allowed. you can't use a microphone or anything like that. why is that? renee: the art form is old. it's been that way always. and frankly, i believe that the way we are trained enables us to be heard. and the individual quality that we hav

david: thank you very much for doing this. you. ♪ ♪ lisa: from new york city, i am lisa abramowicz. with 30 minutes dedicated to fixed income. this is bloomberg "real yield." ♪ lisa: coming up, the trade war heats up. the question now becomes is it time to buy bonds? plus, the leverage loan market is getting hotter but for how much longer? and china's junket market starting to crack as defaults pickup. we start with a big issue, the rising global trade tensions. >> that tale of risk is getting fatter and fatte

david: the united arab emirates. khaldoon: the united arab emirates is a federation of seven emirates, seven states. abu dhabi is the largest. dubai being one of the most famous. the federation was formed in 1971. the father of the nation passed away several years ago, but he was the founder and he established the federation. we have a population of 10 million overall. we have a wealth of resources, particularly in the oil and gas field. that has been the foundation of the economic development. the oil and the gas is not going to be here for the next thousand years. it is finite, and we have to prepare ourselves for the future. the leadership of this country has focused on maximizing the benefits and returns from this resource, but at the same time built a diverse vocation strategy, preparing ourselves for the future. that's what you have in the uae today. david: your economy now is dependent on oil. if it 50% of your economy, 70%, 80%? khaldoon: so, many years ago, oil represented about 70% to 80% of the gdp of the

david: i don't play golf. my theory was if i had a meeting with you and you thought i was competent and intelligent and you saw me on the golf course, you it would destroy the illusion of competence. that is what i don't play. [laughter] steve: you are probably right, and i still play. david: let's talk about usa facts. how did you get involved in this idea, and what is this now doing? steve: i want a consolidated view of what government does. where does the money come from? where does it go? and by the way, what are the impacts? if we are transferring wealth, what does the quality of life look like? we are investing in education. what is the quality of the outcome? how well are our kids doing? david: what are your philanthropic goals in terms of the areas you want to focus on? steve: we are single-purpose. what can we do to improve the chances that kids born at the bottom of the economic totem pole, their parents are, move up economically? you will always have people at the bottom of the economic totem pole.

so david, we could work on it a little bit.ave ever sung, people say i am completely tone deaf. if you had to pay to watch opera, who would you want to pay to listen to? who are the great male and female performers that you would have paid to hear? a renee: i would have loved to heard maria kalas, because of her musicianship. i still go to her records all the time. i'm a huge fan of her singing schwarzkopf, but i never heard her sing live. we belong to a tapestry that is really historic, and i love that connection to what has come before, and i love celebrating that. that's something we lose in our culture right now because of the connection to social media and to the here and now and the momentary. this idea that you become really wonderful at something and you learn about what people have been done before you. ♪ ♪ in you have two daughters do they want to be singers? quite neither of them want to pursue singing. i am on the road literally every three days, i'm on a plane. david: when your daughters were younger, you have writ

david: you are a big fly fisherman. robert: i love it. david: tell me what the appeal is.se you have a big brain and you're trying to outsmart a small brain, so why is that so complicated? [laughter] robert: because those little brains are actually focused on outsmarting you because you are in their territory. but the beauty of it, honestly, david, is nature. you are standing in it. all things that live in this world today depend on water to live. i think about water as the literal lifeblood of this planet. and you are standing in this water with your feet on the soil and it is rushing around you, and at some point in time if you open yourself to it, you realize all things become one, and you stand there and you start to realize you are part of this greater consciousness of existence. thank you very much. robert: thank you, david. ♪ 2, down. back up. our phones are more than just phones. they're pocket-sized personal trainers. [ upbeat music playing ] last-minute gift finders. [ phone chimes ] [ car horn honks ] [ navigation voice ] destination ahead. and discoverers of ne

david: thank you very much for doing this. to talk to you. ♪ >> the story started in 1933 with a single cafÉ. within two years, the founder developed the blueprint for modern espresso machines, -- revolutionizing how copy was made. since then it has grown into a global enterprise, selling its projects in 100,000 bars and restaurants across the country, but some things haven't changed. he remains a family run operation.

david: welcome to "bloomberg daybreak." i'm david westin, finally back with alix steel. this guy is going on vacation, which he never takes. david: i'm sure president trump will give us a this guy is goinn headlines. alix: if you mail me about email me aboutmal politics while you are away -- dow jones off by triple digits. what is the safe haven? the market seems to be saying the safe haven has been dollar, but even dollar-yen is up .2%. does that reverse? the 2-10 spread continues to flatten, the lowest since 2007. brent getting hit, off by 2%. that is more of a supply issue, more coming online in libya. david: let's turn that right now -- u.s.-china trade relations only got worse yesterday when the president announced he's going to impose additional tariffs on refrigerators, freezers, televisions -- joining enda curran.kong, give us a sense of what the reaction in china is. enda: a pretty strong reaction out of beijing today. the latest move was shocking, totally unacceptable. the accused the u.s. of bullying and they promised to retaliate. what they stop short of was

david: -- david: here we go.

david: good evening, i'm david asman. i'm in for loi dobbs. tonight's stories, the deep state stone walling drags on. the department of justice misses another deadline to cooperate with congress and hand over documents related to the russia witch hunt. we're going to take it up tonight with pennsylvania congressman keith. the chinese government accusing the trump amount of behaving like quote hoodlums. and secretary of state mike pompeo arriving with a rocket man cd for kim jong-un. you can't make this up. but his real message to the regime and pyongyang will be no laughing matter. gordon chang is here to weigh in on the latest round of negotiations. the top story, the justice department again failing to meet a deadline today to turn over key subpoenaed documents related to the russia investigation. mark meadows has threatened to either hold deputy attorney general rod rosenstein in contempt of congress or impeach rosenstein for failure to comply. catherine herridge is here with the very latest. >> a source close to the process says the record

david: ok.ple of other businesses, the smartphone business that apple has more or less perfected, at least in the united states. you are skeptical that -- were skeptical that that would be a great business. do you think microsoft could have gotten into that business earlier? steve: yes. we could have and should have. we should have gotten into that business, and i blew that. david: one of the other things that happened during this period of time when you were ceo was cloud computing. your neighbor, amazon, built this big business under your nose. were you surprised they became so big in cloud? steve: they have had more success than i anticipated. i did not seldom short, but -- sell them short, but they have had more success. here is why i think i was completely dubious. it is very hard sometimes for a big company to do something very different. i call it doing a second trick. at the time, i would call amazon a one trick pony. it was doing this retail stuff, it was doing an awesome job. but to do