furman doesn't see b's as a mom and pop shop.the latest is in the renovated home of the nba's atlanta hawks, state farm arena. people go to business school for years to try to figure it out, and restaurants still fail. you're laughing -- i love that you're laughing at that. >> i'm laughing because to be honest with you, like business rnt.e is common sense.wi o >> reporter: furman credits his success to a keen instinct, years of hard work, and -- >> 2013, my horoscope was like, your empire will flourish for the next 19 years. that's what it said. i'm like, empire, empire. >> reporter: just maybe with the stars being aligned. guys, i got enough barbecue for all of us. but you're not they're eat with me. so it does not travel well. i did, however, get something that will, of course, a cocktail glass with a super bowl theme. michelle, i know who you're rooting for on sunday because your saints are not in there. i got you a hat for your favorite team, the patriots. >> it's not like i haven't worn that before. my super city challenge.

season two of the firm and diaries the biggest scandals and mysteries of our time hosted by mark furman. we have a lot of great content i hope i have not lost you fox nation has all your favorite personalities jesse waters, dana perino britt mchenry and others just go to your streaming device type in fox nation.com and look for a matter of minutes coming up next is this. >> where we right now? . >> think of the founding of the united states 16 oh seven. and it can be a testament to the early spanish colonization early before jamestown was found in. >> what made america great by brian kill me coming up next. for a nasty cold, take new dayquil severe with vicks vapocool. [a capella] whoa! and vaporize it with an intense rush of vicks vapors. [a capella] ahhhhhhhhhh! new dayquil severe with vicks vapocool. of every great meal is always the potato?t bite that's why it should always be an idaho potato. only genuine idaho potatoes have the perfect taste and texture to get your meal started right. you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and yo

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season two of the firm and diary some of the biggest scandals and mysteries of our time hosted by mark furman. i hope i have not lost you so far. fox nation has all of your fox news personalities jesse waters, greg gutfeld and tyrus, and many more go to your streaming device type in fox nation.com and look at the originals in a matter of minutes. coming up is this. >> where are we right now cracks usually what comes to mind is one of the neat things about these walls is a testament to that european colonization before jamestown was founded. >> that's what make america great coming up next let's be honest: dealing with your insurance shouldn't be more frustrating than the accident itself. that's why esurance makes it simple. just take some pics. [picture noises] go to sleep. wake up. grab a bite. maybe some racquetball. and boom - your money's on the way so you can get back on the road fast. well, not that fast. the editor had to make it fit in 30 seconds. it's pretty tricky actually trying to ... and ... tagline. when insurance is simple, it's surprisingly painless. when insurance is simple,

project and former member of the council at economic advisors and panel two will be moderated by jason furmanlstate a form member of the obama counsel economic advisors and its counsel. and then we will proceed, we will proceed to the panels after the fireside chat. so let me close by recognizing the outstanding leadership of the hamilton project i mentioned jay and jason already, kristin mcintosh arm managing director, and ryan on our policy director are all extraordinarily capable and thoughtful in helping us accomplish the missions to which we are committed. we also have an outstanding and hard-working staff without which we would not accomplish any of what we do. with that, i will turn the program over to governor hickenlooper and sudeep. where's john? okay. >> governor, you are an expert in beer [ laughing ] you are reluctant expert in route weed from your experience in colorado and you also have some expertise in purple state politics so i want to talk a little bit about all of that including 2020. but first, i want to just discuss your experience as governor. if you could take us back

the panel was moderated by jason furman, former chair of the white house council of economic advisers. this is 50 minutes. >>> we are going to get started. with our last panel, so people can just have a seat. this is going to be a great discussion of transportation and housing. those are two issues i don't think anyone who is still here needs to be sold on the importance of them. i am really excited for both of these conversations. transportation is one that economists are really really excited about. if you are a macro economist, your idea is that you should just have more of it, and that you should not actually listen to any economist who studies it, because the answer is you just need more of this. then, there are these people who actually study it, and know something about it. it turns out the answer, at least according to them, is somewhat more subtle than just needing more of it. so, we are going to hear some of that from matt turner, who is from brown university. >> over the course of the obama administration, one of the issues i came interested in, and i should say monaco tibb

bring in jason furman of the white house council of economic advisers and doug halts-eiken.oug, is this this kind of current rate of growth around 3% going to be sustained for the rest of the year ahead of us >> i think the economy's in very good shape if you look at where we are at four over four fourth quarter over fourth quarter, we have seen it steadily ramp up since the second quarter of 2013 it was 3.1 inside that number you've got a very solid household sector between 3% and 2.7% four straight years no reason to change. a lot of jobs, wages are rising. income growth is quite rapid we saw business investment drop a little from last year. still up that's a concern in the third quarter. rebounded in the fourth. so that's good news. i think the government's spending is a sugar high we saw a big boost from that that goes away no question. we expect the residential sector to turn around even flat we are back to roughly 3% again so i'm actually quite pleased with the report and it makes me optimistic about the outlook. >> jason, i'll put the same question to you. do you thin

a little bit from aei's michael strain and former white house council of economic advisers jason furmanhile helping plan, invest and protect for the future. so they'll be okay... without me? um... and when we knock out this wall... imagine the closet space. yes! oh hey, son. yeah, i think they'll be fine. voya. helping you to and through retirement. you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. >>> welcome back, everybody. investors are buying stocks and bones in 2019. both of the asset classes are up for the year. how long can they continue to move higher together robert michael is head of the global fixed income strategy at jpmorgan asset management. thank you for coming in, robert. >> thank you for having me. >> people say when you have stocks and bo

jason furman looking at december, february. looking at the nation's budget out to 2020 and 2030. of the president's council of economic advisers in the 4:00 hour. stay with us. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. day inod morning, jobs america. lots going on in europe, italian recession. francine traveling to venice this weekend which is a good thing as well. francine: i will send you a postcard. tom: it is an important conference on the future of italian government. right now, first word news. viviana: both the u.s. and china say there has been progress after trade talks in washington that they stopped s

the panel was moderated by jason furman, former chair of the white house council of

mike the nutter and later the former chair of the white house council of economic advisers jason furman. it was hosted by the brookings institution. >> good morning, i'm the director of the hamilton project. thank you for being here with us today. we're going to now move into our first panel, which is improving state and local policy outcomes with more efficient and pres evidentive analysis. just a quick reminder as with the fire side chat, any questions you have on note cards around they'll bring those up to me and that's how we'll do the audience q&a at the end of the session. i want to also just echo bob rubin's thanks to a few people on our team, to kristin macintosh, our managing director, melanie, who is probably not in the room. she's our epivents and outreach specialists and make sure we all function today and ryan nun our policy director. but also to the entire am ill on the project team because we try to get a lot done and that requires a real team effort. we have a terrific panel today and start off with directly to my left, mayor michael nutter who is the david dinkins profe

sara eisen fourth quarter gross domestic product coming in higher than expected we'll talk to jason furman the growth can tonight. >>> plus william dudley on what that gdp read means for the fed's next move. he is here first on cnbc you don't want to miss that. what are the markets doing, though, right now? 59 minutes left of

jason furman's last economic report to the president, they had a great chapter that talked about occupational licensing and how that creates this flypaper effect. the final thoughts on the minimum wage is as an economist, and i have been a fan of david's , is i am writing it down the problem of social justice. i have the social where -- welfare function. the mathematical problem is to move things around so we get a more just equilibrium. it never made sense to me that if we think we want to redistribute the optimal way to redistribute would be to impose a tax on the guy who gives the low income guide the job. for me the conversation always struck me as being more logical if we viewed it as maximizing a social welfare problem and recognize that collectively we should share the burden of social justice. we should not target the burden on one segment of society. >> thank you. we have time for a couple of questions. if you could pass your index card with your question to someone who is walking around, we will pose your questions to the extent there is time for our panel. i am glad you brought up

and you might have seen a piece just came out by larry summers and jason furman in which they show thathe bush tax cuts and the trump tax cuts, we would basically have a balanced budget today. the reason why the debt has been growing, accumulating and we're paying interest been is precisely because we had these huge tax cuts that we are going to continue to have to pay for. >> austan goolsbee, ezra levin, thanks for joining us tonight. really appreciate it. >>> when we come back, president trump doesn't want to pay the backed pay that federal contractors lost during the five weeks of the trump shutdown. one of those workers is a security guard at the smithsonian, faye smith. she joined us during the shutdown and she will join us again tonight. >>> and in tonight's "last word," donald trump has already set the record for most golf balls hit by a president. and a new leak and investigative reporting from the white house shows that it could be many, many more. many, many more. i can't tell you who i am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i

jason furman, great to get you here. the current professor at harvard kennedy school's.cratic senator. he joins us with his take on the -- an insider's take on venezuela. this is bloomberg. ♪ caroline: the trump administration is rising pressure on the battle with the venezuelan president by targeting the nation's oil. will bel and customers blocked from using u.s. financial systems by the spring. kevin cirilli is standing by with a special guest who has another side of -- point of view. >> we're joined by democrat from maryland who joins us via baltimore. i want to start with venezuela and the decision to withdraw support from the maduro regime. is that something you support? ,en. cardin: i do support that under the venezuelan constitution, president maduro has lost all legitimacy and it falls on the national council for the acting president until reelections can be held. >> there are so many different moving parts to the situation in venezuela. one is the maduro regime's relationship with russia, iran, and with certain chinese telecommunications firms like zte. the pre

jason furman's last economic report to the president they had a great chapter that talked about occupational licensing and how that creates kind of like this fly paper effect, and it is another thing to think about. the final thought on the minimum wage i would just say the thing that as economists that's sort of always -- i've been a fan of david's work since i was a colleague years ago when you first started writing the papers together. if there's a problem of social justice, social welfare function, inequality, and the mathematical problem is sort of moving stuff around so we can get a more just equilibrium. it never made sense to me that if we think to redistribute that the optimal way to redistribute would be to basically impose a tax on the guy who gives the low income guy a job. i kind of think for me the conversation always struck me as being -- it would be more logical if we viewed it as maximizing the social welfare problem and then recognize that we collectively should share the burden of social justice. we shouldn't target the burden to one very narrow segment of society. that ma

national debt all the time do you think that's the right way to - >> i think larry summers and jason furmanave is not as big of a problem of previously thought we have about $22 trillion of total debt an adding about 1.3 trillion a year. to me that's a problem something we have to address some time and not an immediate problem in part because we are able to sell our debt at pretty low prices people really have to buy dollars. we are the only reserve currency so for the time being it is not as big of a problem as traditionally people thought and something to be addressed by my children or to my grandchildren. >> in a downturn does that threaten the ability to keep running up the tab on our national debt? >> doing into a downturn, interest rates would be lower and cheaper to service that debt but the gdp would probably be down and harder to get tax revenues no doubt better to have less debt than we have an not an immediate problem and greatest problem we have. >> you practice patriotic philanthropy. >> yes. >> looking at restoring various monuments, museums, different areas of the u.s you don

. >> okay, thank you for joining us jason furman there now meantime, cbs numbers are out and julia boorstinus >> hi, wilf. cbs reporting a slightly lower than expected results of tn top and bottom line. the company's adjusted earnings per share at $1.50, 2 cents less than estimates revenue's at -- looking at the different forces driving the results, advertising revenues increasing by 7% and distribution revenues that decreased 11%. that's -- they say it's due to timi time issues and an update on the direct to consumer business, acting ceo saying that in addition to generating momentum with the direct to consumer platforms they have now reached 8 million direct to consumer subscribers between cbs all access and ott service saying two years ahead of the schedule. as a result the company setting a new target of 25 million domestic subscribers combined from both of those direct to consumer services by 2022. now, this is an increase they had previously set the target of 16 million subscribers by 2022. increasing that number pretty meaningfully there back over to you. >> julia, thank you. cbs sha

mike the nutter and later the former chair of the white house council of economic advisers jason furman. it was hosted by the brookings institution. >> good morning, i'm the director of the hamilton project. thank you

he couldn't put furman in charge because rudy giuliani was recused from the investigation. he often does with his aids, and complained about his inability to pull levers at the justice department that could make the president's many legal problems go away. "the times" reports that whitaker told some doj associates that prosecutors required adult supervision. according to the review, democrats are hooking into whether whitaker perjuried himself when he told the et committee earlier this month that the president never pressured him over the investigations. >> at no time has the white house asked for, nor have i provided, any promises or commitments concerning the special council's investigation or any other investigation. >> did you ever have any conversations with the president about firing or reassigning any personnel, u.s. attorneys or other os who were with the southern district of new york. would the president or anybody at the all? you want to know whether you talked to president trump at all about the southern district of new york's case involving michael cohen. >> i'm