we do not take political factors into our decisions or discussions. davidlarry kudlow has suggested may be the president will have a meeting with you. have you received an invitation? jay: no invitation. fed chairs do meet with presidents. i'm not aware of any fed chair who has not met with the president. meetings tend to be rare. i think there has been only one or two in my time here. i am not aware of any fed chair turning down an invitation, nor do i think that is appropriate. david: if you had an invitation, you would be happy to accept it? jay: i am not aware of anybody not accepting it. [laughter] david: ok, so let's talk about the economy. the fed in its fomc minutes pointed out a disparity. the financial markets tend to be uncertain from time to time, but the core economy seems to be doing nicely. how do you explain why the financial markets are nervous and the core economy seems to be growing at a good rate? jay: the financial markets beginning in the fourth quarter got more volatile and seemed to be pricing in a pessimistic outlook, which seems to

david: where do they have them? at the treasury or the -- jay: it alternates. e the council of economic advisers. david: where's the food better? jay: treasury. [laughter] jay: trust me there. david: how do you decide? jay: i visited them quite a lot, but i have visitors over. i can't stress how important it is, our account ability to the american people runs through congress. we seek transparency and accountability. david: some predecessors of yours spoke in fed speak. it's difficult to understand what they're saying. alan greenspan would be the master of that. jay: proudly. david: you don't like fed speak, so how do you get out of speaking fed speak when you have all of those people around you? [laughter] jay: what i'm trying to do is explain what we're doing and why we're doing it in a way that's principal to the public. that's what's comprehensible to the public. that's what i do. i try hard not to use that or lapse into the latin, for that matter. david: speaking of latin, you have a skill you have perfected since college. you can take a word and pronounce

david: they are making more money, for sure. [laughter] jay: that led me to do other things. t ultimately want to dillon reid, and there, you worked for nick brady, who became treasury secretary. and do you became undersecretary for finance under george herbert walker bush? is that right? jay: that is correct. yeah. david: you went back to dillon read for a while, and then you decided that the high point of your life would be if you want into private equity. as many people know, you joined carlyle and were there for eight years. so is there any doubt that private equity is the highest calling of mankind? [laughter] jay: [laughter] so, let me say, i -- somehow, that was the path that made sense to me along the way. it did lead me to private equity. it was a great way to make a living. i really enjoyed my time there. david: when you left carlyle, you did something very interesting. and this brought you to the attention of president obama. why don't you explain this to the people? jay: i went to work on fiscal policy and i was there for two great years. i saw the debt ceiling cri

david: making more money. [laughter] jay: that led me to do other things. ou all to me went to one company where you work for nick brady, who became treasury secretary. he became undersecretary for finance under george herbert walker bush? jay: that is correct. david: you went back to dillon read for a while, and then you decided the high point of your life would be if you went into private equity. as many people know, you joined there for eight years. is any doubt the private equity is the highest calling of mankind? [laughter] jay: [laughter] somehow that was the path it made sense to me along the way. private equity was a great way to make a living. i enjoyed my time. david: when you left carlyle, you did something very interesting. this brought you to the attention of president obama. jay: i went to work on fiscal policy and i was therefore two great years. i saw the debt ceiling crisis coming. i wrote this study that showed what would happen with some precision if the debt ceiling white raised. you can look at what bills are due on what day with the fed

david: they are making more money, for sure. [laughter] jay: that led me to do other things. t ultimately want to dillon reid, and there, you worked for nick brady, who became treasury secretary. and do you became undersecretary for finance under george herbert walker bush? is that right? jay: that is correct. yeah. david: you went back to dillon read for a while, and then you decided that the high point of your life would be if you want into private equity. as many people know, you joined carlyle and were there for eight years. so is there any doubt that private equity is the highest calling of mankind? [laughter] jay: [laughter] so, let me say, i -- somehow, that was the path that made sense to me along the way. it did lead me to private equity. it was a great way to make a living. i really enjoyed my time there. david: when you left carlyle, you did something very interesting. and this brought you to the attention of president obama. why don't you explain this to the people? jay: i went to work on fiscal policy and i was there for two great years. i saw the debt ceiling cri

david: you used to be a golfer, you are not a golfer now? jay: i can't dogolfing now, but i have been a road cyclist for many years. david: is that safe when you are the chairman of the federal reserve board? i am afraid to go across the street sometimes, when they see bikes coming. is that safe for you to do that? jay: i do try to keep it in a safe way. we have a weekend house on the island and i ride around the island over and over again. i ride my stationary bike at home. i don't get on the streets of washington, d.c. anymore. david: ok. talk about the pleasures of the job. what is the great pleasure of a job, and what is the least pleasurable of the job? other than the interviews? [laughter] jay: i actually enjoy meeting with people and meeting with the public. it is a little bit like your statement that you don't find any deals in the office, you used to say. so in my case, getting out of the office, going to capitol hill, i enjoyed engaging with people. also, we have lots of groups that have come in. i met with a group of students from d.c. last week,

david: they do mistake and didn't draft you. kevin: they were right. ghter] david: what did you decide to do? you wanted to build a company, but where did the idea come into your head about a t-shirt better for a football player? everyone hady viewed apparel in the past is that it is just another t-shirt, versus a piece of equipment. i thought there was a way to make a piece of equipment to enhance your performance and make it better. about the did you go idea of designing something that would do what you wanted it to do? where did you go? kevin: i went to a fabric store and brought in a piece of women's lingerie and said he make anything like this with this synthetic, stretching material. i said what if you make that for the upper body. the woman at the store handed me a bolt of fabric and i bought what she had. i took this fabric to a local tailor in maryland and brought t-shirt and said sir, can you make me as many t-shirts out of this fabric? seven prototypes later, i took them back to my teammates. they tried them and like them. david: they made th

[laughter] [laughter] david: the israeli economy is doing quite well. netanyahu: if you're not investing in israel, anyone here not investing in israel? invest in israel. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed but ok. 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 of running a private equity firm. how do you define leadership? what is it that makes somebody tick? ♪ david: thank you very much for coming, mr. prime minister. i know you have a busy schedule and you're flying to new york afterwards. the weather is not good. when you have problems with weather, do you ever communicate directly with god about the weather or how do you deal with that? [laughter] pm netanyahu: all the time. [laughter] pm netanyahu: and we used to say it's a local call but the internet changed all that. [laughter] david: all right. no doubt. ok. so the is

david: when you have problems with whether, do you ever communicate directly with god? pm netanyahu: all the time. we used to say it is a local call, but the internet changed all that. david: what is the pleasure of being prime minister? pm netanyahu: oh, investigation. [laughter] david: the israeli economy is doing quite well. pm netanyahu: if you're not investing in israel, anyone here not investing in israel? invest in israel. >> would you fix your tie, please? >> people wouldn't recognize me if my tie was fixed but ok. 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 of running a private equity firm. how do you define leadership? what is it that makes somebody tick? ♪ david: thank you very much for coming, mr. prime minister. i know you have a busy schedule and you're flying to new york afterwards. the weather is not good. when you have problems with weather, do you ever communicate directly with

and that's what i ended up doing. david- pm netanyahu: but when i came into the finance ministry, this is just a tip for any of you who want to be israeli finance minister, something i don't recommend. [laughter] pm netanyahu: but when i came in, you know, i said, well we're going to do this, do that, you know, we are going to make all these reforms. and the staff at the finance ministry were very able people. they said, mr. minister, you can't do that. i said why not? they said because this reform will get you a three months general strike and that reform will get you a three months general strike and so on. i said, could you say that again? every one of these reforms will get you a three-month general strike. i said, good. we can maximize the number of reforms for strike. [laughter] pm netanyahu: and that is exactly what we did. and we just did them in batches. as a result, israel grew after that, basically since then has grown between 4% and 5% a year. i think it'll take us a couple years. we are going to catch up to jap

david: do we get it? are we doing enough or are we way behind? we are in great shape. last year we blocked 7 trillion threats against our customers. good news that we blocked it, the bad news is that that -- there were that many attempts. look, it's really part of our business where we have to think of the active adversary. that's not about how we think about parts of our business. by and large, when you look at the cybersecurity organizations inside, they are very good. we just talkedt about, the numbers of attacks, they just have to be the right one. look at where we are. when you talk to clients, customers, what are their biggest concerns? >> geopolitical dynamics. thing orthat a u.s. does that brought in out to russia, the middle east? chuck: primarily, it's anchored around the china u.s. thing. that's the biggest issue that needs to be resolved, as well as getting the government open again. how much of your growth will be organic if? are you looking to buy more? little bitill be a of both. organic growth, it's a unique position as a company

david: you lead a protest against the world bank and said it should be shut down. doou have any regrets? dr. kim: i want to say to everyone here i am very glad we lost that argument. [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? you became the president of dartmouth, i think, in 2009. you were there for a couple of years. and you are trained as a medical doctor and as a social anthropologist. you have no finance background. all of a sudden somebody says would you like to be the president of the world bank. what would make you think that would be a job you would be qualified for and why would you want to leave the academic setting that you spent much of your life in? dr. kim: well, it is a q

david: you lead a protest against the world bank and said it should be shut down. doou have any regrets? dr. kim: i want to say to everyone here i am very glad we lost that argument. [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? you became the president of dartmouth, i think, in 2009. you were there for a couple of years. and you are trained as a medical doctor and as a social anthropologist. you have no finance background. all of a sudden somebody says would you like to be the president of the world bank. what would make you think that would be a job you would be qualified for and why would you want to leave the academic setting that you spent much of your life in? dr. kim: well, it is a q

david: do they have a stomach for a shutdown on the hill? amesh: they would really like to avoid one. they have all said they do not want another shutdown, but the president has a hold on the republican base, and a lot of republicans in congress will not want to cross him or see the party break into two on this issue. so if the president insists on another shutdown, then republicans in congress come even if they think it is a bad idea, they will go along with him i think. david: i guess my question, you might think this is naive, but is this about substance or appearance, because we have heard the president say this does not have to be a wall, or a physical barricade, just cement -- democrats have said we can have border security. and we have talked to the former head of the u.s. border patrol under president obama, recently, and this is what he said about a sensible result. >> we do not need a physical barrier, wall, whatever you want to call it from sea to shining sea. if you talk to the experts, they never said that. where we need the wall

david: do we care? there have been 22 government shutdowns and more often than not the s&p goes up rather than down. >> it's a great point and to us this is the least of the market concerns right now. it's a sideshow. if the government is shut down for long enough it could be a drag on growth that since federal spending is such a small portion of the economy, it could contribute to a rep -- a lack of risk tolerance. one more call you in a wheel of extraordinarily negative sentiment hitting every investor , but it's really difficult to attribute a government shutdown as one of the biggest reasons equities are struggling. it will be quite the interesting few days. a reminder, you can find all of this and more on the beat -- g tv on your terminal. coming up, new year's, same markets, off to a rough start tumbling across the globe. john hancock investment market strategists will join us next. this is bloomberg. ♪ s bloomberg. ♪ china manufacturing pmi's came out overnight and confirmed what had been in

david: do exactly what the promised are said after she lost the vote. i do not know we you want.ou so much for being with us. coming up, the passing of a legend. we talk with the ceo of vanguard about the man who founded his company, jack bogle. the man who changed the world of investing for millions of americans. this is bloomberg. ♪ david: you are watching balance of power. bogle gave of jack occasion for the world of investing in finance to reflect on how great a transformation he worked during his 89 years. said, a veryague sad day. the world lost a giant and i lost my hero. nobody has done more for investors and asked last for himself -- less for himself than jack bogle. charles schwab and the list goes on and on. welcome to the ceo of the company that jack bogle founded, jim buckley joining us from pennsylvania. good to have you. as i said, i am sorry for your loss, the loss of everyone at vanguard. jim: thank you for helping us celebrate a great man. and celebrate the impact he had on the industry. he will not be forgotten and his legacy will live on. jack: as i understand

david: we will do something a little different now. rolling stones and mick jagger. ♪ ♪ david: that is the rolling stones and mick jagger doing honky-tonk women. is the manght there whose plate -- who has played he'sard with the stones -- also a noted conservationist and and founder of the mother nature network. .alk about that how has it changed? how has the business of music changed? chuck: it has changed tremendously. in the day that i was coming out the 1960's and 1970's and 1980's, you had lps and cds and cassettes. streaming,ll about digital downloads and streaming. revenue streams have dried up. david: in the olden days, you had to get a label and the label control you. the stones took back some of that ownership of the music. point, do you almost wish the labels were back? chuck: what you are seeing is a marrying of those two concepts. the artists own their own on theing to most degree label will do distribution to get a piece of it. it's hard to do everything. write music, record music and play music and be your own manager an

david: do they really have their arms around the numbers? they've been wrong. 's not 100% opaque there. david: the connection between high-priced parkas in canada and huawei -- turns out there is a connection. canada goose went out with an ipo and credit suisse was the underwriter for. executive goti arrested and the stock went right out because of concerns about trade. $60 million because they had to underwrite the bond? this is in general what we've been hearing from banks. if they didn't do well, stay in fic. david: the other thing, the extent to which banks may be caught with underwriting a big bond issuance because they think they can sell a lot and then something happens. you are stuck with having sold it and you lost $8 million. this happened overnight, a flash crash. exchange halts stuff so you can deal with a trade you want to execute. there was ample time for traders to not sell or buy back if they wanted to. morgan stanley and goldman sachs saying can we walked back this trade here? -- walk back this trade here? david: i go to lakeline and say -- i go

david: okay. lemonis: do you disagree with that? david: i don't know. what do you mean you don't know? you did the deal. lemonis: everything else was supposed to be through clever cookie. lemonis: the last time i met with dave, i mentioned, "okay. you have retail. we're gonna do online." he never once said, "no. no. no. you can't do that." so that would include... david: amazon. lemonis: jet. david: qvc. lemonis: so where does it say that? david: i wasn't prepared to... lemonis: but it's not prepared, dave. it's in the agreement or it's not. i'm now learning that dave believes that he has the rights to any sort of distribution. what i was understanding is that we were just restricted on the grocery side because i'm meeting with amazon tomorrow. are you guys okay with that? david: i don't have my lawyer here. lemonis: wow. you told me at the last time we met that she could sell it online. david: i don't know that i said that, but... lemonis: so are you saying that she does not have the right to sell it online? david: well, obviously she doesn't. right? l

david: i do not think so. s high, it is a rapid process of hiring and training and hiring again. can haveyou hopeful we some bipartisan effort in washington, d.c. to address these issues? david: i am. i have to be hopeful. i do not want to become despond in, which would be easy to do. tom: let's review this. we have got a republican party essentially fractured, a president who is going to go at it again. minnesota, you represent the fabric of these families. partyes the democratic reset out of clinton and obama? david: that is a good question. minnesota has been blue since the eisenhower election. minnesota has been bifurcated. you have got the southern half for you have the twin cities which is still blue. you've got the northern half where they do mining which is red. it is a metaphor for the rest of the country. tom: this has been wonderful. david: thanks for having me. tom: he can quote frost verbatim. jon: i thought we were going to go through his whole bio. tom: every school has got that magical degree. a

that our communities will be able to celebrate opportunities in the same way that our businesses do. daviddo you a cop wish that? -- how do you a complex -- do you accomplish that? the growing disparity between the rich and the poor sis an issue. how can you address that at the ground level in atlanta? mayor bottoms: the divide is as big in atlanta as anywhere else in this country, but we are very fortunate. w our home to many fortune 500 companiese. and we have ceos and companies working alongside with our communities to keep our communities moving forward. because what we are seeing is that if people are not trained for jobs, if they are not able to afford to get into the city to work, then it hurts the bottom line. but i am so glad that we have something very special in atlanta, it is the reason companies continue to come, and that special part of it is making sure that as our companies are able to thrive, that our communities are doing so as well. david: that was keisha lance bottoms. this is bloomberg. ♪ david: this is "balance of power." the government shutdown is hurting federal emp

what was david doing in that motel room the night they killed him? why did he walk into that trap? inutes down the road. david is not a stupid child at 24. why would mr. britton want to see him in a hotel? >> they demanded there would be no justice, they told wolfe, unless everyone was held accountable. outside the courtroom, david's brother encountered the state's attorney and said, he's going to tell you. he said, he's not going to tell me anything. he said, i saw it in his eyes. he will tell you. >> in fact, it was two days later when wolfe finally confessed the true measure of his guilt and gave police firsthand his unedited version of events the night they say they buried david jackson in the shifting florida clay. was someone else involved? oh, yes, said michael wolfe. she certainly was. >>> coming up, what made david go to that motel? >> it was a woman who was on the phone. david takes the phone, comes out a while later, he's all spruced up, ready to go out. >> when "dateline" continues. how's your cough? i'm good. i took 12-hour mucinex and sent it far away. hey buddy, have

do you know what i mean? david: i do. here we are sitting in the national museum of american history, and you do an extremely admirable job telling stories. when you do, going back to your comments about how things don't have to be categorized like music, one of the things i worry about and am curious if this resonates with you, real-world problems don't come into categories. one of the things i have been worried about is a shift in our view of education, formal and informal, toward the stem disciplines because it is important, utilitarian, leads to a better job. i worry about the arts and humanities and social sciences shoved into the second or third row. ken: i couldn't agree more. i am a steam guy, the arts in their broadly include so many other disciplines. there are two things operating. one is the fact that we are so didacticly preoccupied. we are engaged in constantly pointing out where you are. i suppose by contrast where i might be. red state, blue state, young, old, black or white, male or female, rich or poor,

or do you want to be a lean mean midsize company? davidve to cleandavid: up some stuff for newmont buys them. alix: they will do a lot of work but there is a lot of work in their synergies. storyms like an overtime because they also paid a premium, where baruch did not win the pot randall. david: now to the third story, we bring in brooks: from bloomberg opinion. -- we bring in brooks from bloomberg opinion. earnings did beat estimates, but they had been coming down because delta warned earlier this month that it was going to fall short on revenue per available seat mile. that is a key gauge in the industry, the measure pricing power. that coming in pretty weak right now at the .2% for the fourth quarter -- at 3.2% for the fourth quarter. the coming quarter is claiming that partly on the timing of easter, which is later this year, and also foreign-exchange, headwinds, and the government shutdown. -- government pays to spend spends to pay employees all over the country and they don't have the money right now. david: the government shutdown

do it. and that is why a change cannot come soon enough to the white house. davidalk about the larger substantive issue, and that is for security across our borde southern border. democrats and republicans are saying we need border security. , there is done i disagreement about. what would you do if you were president? even with the diminished number, it is still, like, 1000 people a day, a lot of people trying to come across the border. mr. castro: you make a good point there. there are a lot fewer people coming across our southern border that would become undocumented than there were just a few years ago, and in fact, as we were just recently reminded, there are more people who actually end up overstaying their visas and in that sense are undocumented than there are people coming across the southern border. i think that part of the answer here is to secure our ports of entry, to invest in things like personnel and technology, because the technology available to monitor what happens at the border is so much greater than it was 5, 10, 15 years ago. we also need to

most of the responses were saying, do not do it. davidalistic opportunity for an independent to win. you do not even have to win outright if you go to the house of representatives. marty: when the house is controlled by democrats and republicans, it is hard to imagine getting enough votes. david: president trump, he has come out already this morning, this is what he says. "i agree with him that he is not the smartest person. besides, mac already has that -- besides, america already has that." there you have it. marty: in using the rivers wisdom of donald trump, he may be encouraging him to run by that sweet. david: in the meantime, kamala harris has thrown her hat in the ring and i think she raised about $1 million in the first day. impressivehad an rally over the weekend in oakland. her launch has been effective. she is in the top of the conversation, but it is very early in this race. david: it is early, but in the past, the question was how do you lock up the money the fastest? that is what happened with a george w. bush, he locked up

david: which they better do for $17,500. david berkowitz has a brownstone on sale on the website. $5 million for it. he's asking for $23 million. it's quite a house. it is a big brownstone for new york standards. >> six floors, 10,000 square feet, five bedrooms, 20 closets. carol: i am in. he did do a renovation. >> added a home theater, added a anm, a wine cellar and in elevator. david: i would like to know who his real estate agent was when he bought it. >>'s mother-in-law. -- his mother-in-law. this, hete story from found out who the buyer was, his competition -- carol: such an investor. >> made a philanthropic donation for an extra $1000. -- extra $100,000. carol: another story in pursuits talks about long wine lists -- now, they are narrowing it down to a micro list. >> whenever you go out with in-laws or family, i'm the one it drops on. no more. diners, it isor less intimidating if you have a short wine list. the parameters are still being worked out. generally less than 200 wines. carol: if it's a smaller list, yay, but only if the names are good. >> it's much harder to do

>> my dad. >> how did david take it >> he was just kind of like, okay, let's just -- >> get i over with >> some lawyers and see what we have to dond that was it. >> the two divorced in 1985. david arranged weekend visits with john. >> how were they together? >> oh, wonderful johnny just clung to him they loved each other. >> and they all moved on a couple of years later, barbara married again, michael wolff, an ex-military man like her dad, about the same age as her dad, too. >> your dad and your new husband probably saw eye-to-eye a lot. >> they sure did they had a lot in common they would talk a lot. >> wolff took barbara and john to live with him in arizona, but david wanted to be a part of his son's life, so he traveled out west to see the boy. >> he went up there with a friend of his and they saw johnny for three days. i got pictures of johnny in like the old western town and everything >> and maybe it was something about the distance, said barbara. >> david and i became very good friends when i was out in arizona and we used to talk a lot. >> in fact, what she felt deep in her heart never did go away >> i'll always love da

planned and it was executed with central control and that's not the definition of a rogue operation ok david do agree with that do you think if everything is laid out in a chronological fashion then it would be a much clearer link from the murder to the saudi crown prince absolutely i think that's exactly what's needed is a complete timeline of events i think it's a very sensible approach to looking in terms of determining who is responsible and how far this goes and clearly if you are to look back and you are able to establish a chain of events whether it leads directly to mohammed bin solomon or some other person senior official within within this the saudi authorities it will establish responsibility i think is also just to just to comment briefly on the previous point was you know whether this release of information by the turkish authorities is helpful or whether it's going to change anything i don't think it's helpful and i don't think it will change anything i completely agree with both speakers that it's not it's it it's not compelling the saudi authorities to do anything and they're no

. >> very interesting, david dos. cannabis bureau chief, nice to have you here. >> thanks for hing me. >>> that will do it for us. you can find more at kqed.org/newsroom. thank you for joining us. robert: the shutdown. short-term fix. but the political war is only beginning. i' robert costa. welcome to "washington week." president trump: i'm very proud to announce today th we have reached a deal to end the shutdown andeopen the federal government. robert: president trump backs a bipartisan deal to reopen the government until mid february. it ends the longest shutdown in hist but conservatives are furious because it does not include money for a border wall. and the president warns if he doesn't get that, he uld declare a national emergency. plus -- >> open the door. robert: trump ally roger stone is arrested in a pre-dawn raid. indicted on sevennt

david: you do not doubt your own information, but you rely on other agencies? most instances, we are getting a handful that we collect ourselves. david: let's talk about the economy going forward. we are close to the longest period of expansion since world war ii and we could break the record. do you see anything on the horizon that would make it likely that we go into recession and 2019? chair powell: i do not see anything that suggests the possibility of recession in the near term is elevated. recessions are most open caused -- often caused by two things. inflation where the fed has to hit the brakes. we do not see that. been assetly bubbles, the housing bubble, the where those things happen. we do not see that either. we do not see the most basic recent causes of recession. i would say the possibility is not elevated. david: so you do not see any worry

david: do we have any sense for how long this will take care of the problem?mma: we understand it is a multiyear deal, the other terms were not disclosed in a we do not know how much it is costing either party. but if it had gone ahead, it would have about $4 billion worth of prescriptions, that is according to one analyst. this is unusual that this becomes public, especially between two such large companies. the cvs's caremark division covers about 93 million people, walmart is the world's largest retailer, and one of the world's or the u.s.'s biggest pharmacy operators and a highlights what is at stake within the health care industry. david: it is good for the two companies, given the stock reaction, but is a good for the patients or the consumers? there has been controversy over these pharmacy managers and how much money they are making. companieso big dividing up monopoly rents? emma: they are both in the network and they will both have customers going to their pharmacies. and it helps customers in order to access pharmacies and have those prescriptions fi

that is what i have been doing for the last 40 some years. david: you are doing a pretty good job, i would say. let's -- did you ever think about making anything other than documentary? ken: i started off wanting to be a feature film maker. for me, coming-of-age and for you, a documentary was more often than not a didactic thing. it was expository, telling you what you should know, homework, castor oil. i firmly believed there were exceptions. for me, because i had grown up inc. located with feature films -- inculcated with feature films, by the time i was out of high school, i was versatile. i realized the same laws of storytelling applied to a feature filmmaker as a documentary filmmaker. but we can't make stuff up. i sat down the road with steven spielberg a couple years ago art -- at the archives interviewing him. we felt the same way, the same, you could call it poetics, the same poetics. he can make stuff up and i can't. but the same ordering and pacing is there. i don't make a distinction. i am finishing a film on country music now, excited

as i replaced one drummer in a band in holy went down to london to make it and was doing demos for david he was trying to make not move from acoustic guitar guitarist really to being a rock n roll and we make him myself and being in that was our roots from blues to that jimi hendrix old rock stuff so it kind of fitted it was i didn't like folk music i would still go on a photo but. actually sold a i. know obviously i don't know. i mean when i first met david i was in jeans with the ritz coles and patches in a smelly t. shirt that was my stage we probably had them for ten days you know that was that was made rock'n'roll and he met me at the door in a rainbow t. shirt. bangle red coat arroyo traverses he had red shoes on and he obviously painted his own stuff on the top of his shows. and it was that was a bit of a culture shock see him now but i had this list you know i didn't know much about him apart from you dad oh it was kind of a one hit wonder thing or that was the idea right because of the time of his baseline and yeah yeah but would he have a do if he told you to dress like. all th

david, do you know what, it has been quite a week in not washington. so much tit—for—tat going on.w being portrayed as being in opposition to border security. is there any way that things could be moved forward? like you say, this is not enough trump, is it, ? moved forward? like you say, this is not enough trump, is it,? know, and more worryingly perhaps, the last tiny two sides of this, president trump and the democrats that face—to—face was ten days ago, and trump ended up walking out of that meeting. thereon no further direct talks between the two sides planned that we are aware of, and congress is now in recess, until tuesday, because monday is a public holiday. by because monday is a public holiday. by the time they come back, this will already have passed the month point, as far as the shutdown is concerned, and we will be looking at a second most paycheque, and the second one is due next friday. for ‘s 800,000 or so government workers currently going without pay. 0k, we will leave it there from now. thank you. the headlines on bbc news... former prime minister sirjohn major

david: no kidding. i douse i guess federal jobs does not apply to federal workers. at some point the employment numbers would reflect that. alix: at some point there is a shift if you either -- there is some switch that happens that i have heard. david: encouraging numbers nonetheless. that is what sam just told us. --sident trump has made a made trade a priority but only if it is free. we have seen disruptions in north america in trading with europe and in trade with china. mckenzie has done a thorough study and the report is out today. among the conclusions are, for example we have declining trade around the world and goods but it is going up and services that labor costs are not as important as before. we are moving away from global trade towards regional trade. we welcome from washington, lund susan long -- susan and the author of the future of trade and value chains and still with us, sam zell. what is the most surprising thing you found in this study? susan: what is clear is when you look structurally