fedex founder fred smith.alie takes a closer look at the photography team putting children of color in focus. plus, the latest on that horrific train crash in india. opinion from former treasury secretary robert rubin. and more this first sunday morning of a new month, june 4th, 2023. we'll be back after this. >>> after decades of debate, this month the fate of the policy known as affirmative action rests with the highest court in the land. rita braver examines the arguents and the enormity of what's at stake. >> what are we do with affirmative action! >> reporter: affirmative action has helped boost the number of black, latinx and other minorities underrepresented at prestigious schools. now those racial preferences may be prohibited. >> and race and admissions. >> reporter: in large part due to the efforts of this man. >> the equal rights provision of our 14th amendment basically gets to the point that people should not be treated differently because of their race or ethnicity. >> reporter: you also say it's

i know who the falcons owners are, and it wasn't fred smith. fred smith's son is the coach?en i talked to him, i was trying to get him to question -- he said, no, i'm focused on the season eagles versus falcons is going on there he should have focused on fedex, because, oh my god, the falcons are bad. >> jim, there's a ton in media today. warner reportedly talking about licensing some shows to netflix. ryan murphy reportedly leaving netflix for disney and then needham saying that sentiment on disney is really souring, because people aren't sure of the strategy, who's going to be around in five years. they prefer deleveraging stories, takeout stories >> this was a -- the laura martin piece was -- >> this is the laura martin piece, yeah. >> needham, maybe a long-term -- that's how i'm looking at it too. i think the next quarter -- i think -- >> they prefer paramount to disney did you just say that? >> it was not a positive piece my favorite line is, just in case you were trying to figure out, trying to get out of disney, apple could buy disney >> that's not new. anti-trust reg

. >> are you fred smith? >> good to see you. >> good to see you. >> reporter: fred smith founded the company that revolutionized business 50 years ago. >> i expected you somewhere to be following your planes around the world. >> well, i can. i've got a map right there, and i can pull it up. there they are, heading across the pacific. >> is that what it looks like every day? >> yeah. we serve 220 countries around the world. >> reporter: today fedex employs more than 530,000 people and moves 15 million packages a day aboard a fleet of 700 airplanes, including the wide-bodied boeing 777. >> how many of these guys do you own? >> we have 59 either on hand or on order. >> reporter: the engine of a 777 would not fit inside the cargo hold of his first plane, now on display at the smithsonian air and space museum, it is the flagship of the air express industry smith created to meet the needs of the coming information age. >> your computer goes down, you have to have the part to fix it or you're out of business. that's

talking about that transformed the company away from that original structure put in place by founder fred smiths ago. that plan also forecast to save the company billions in coming years by management. that progress will have a big impact on the guidance for the next fiscal year with the consensus 23% earnings growth but a lot of questions about that you have to remember even the guidance we're seeing for this quarter was put in place a couple months ago when it seemed like china's recovery was going a bit faster than it is. fedex shares are down. >> we'll see what that print is. do you still look at transports the way you used to as a group >> i don't know that you can look at the dow transports yeah, i think so things like rails and air freight in particular. let less so the commercial airlines because they're subject to a little more of a whipsaw. the relative trade against u.p.s. on fedex on a five-year basis is still really crushing fedex, so there is ground to make up. they are still in this restructuring, rebuilding credibility phase on the strategy and the earnings for this fiscal year

people like fred smith, the founder of fedex says that's one of his biggest problems is a labor force not motivated that not only lacks training but motivation. it's not something easy to get your fingers on. how would you address that? >> so this is what my campaign is really all about david which is reviving our national pride and our sense of self-confidence as a country. yes, it's true. we tend to be more confident and more proud when we're making more money. that's why i'm the pro-growth candidate but it works the other way as well. we economically prosper more when we rediscover who we really are as americans, and especially the next generation. i'm a millennial. i'm 37. i'm the first millennial ever to run for u.s. president as a republican. the thing that's going on in my generation is that we're so hungry and staved for a cause, for purpose and meaning and identity that we need leadership like reagan did in 1980 is what i'm running to do now. reviving ourself-confidence and sense of purpose about who we are as americans. we see that in the epidemic of depression and anxiety a

fred smith is taking a step away from the company.ill involved as an executive director but on the day today, he's doing less. i think we're entering a new chapter at fedex which is a good thing. fedex has gotten a little bureaucratic and fat over the years. tom: it was always relying on growth. it's a four cents on the dollar business. the new fedex, what to do learn yesterday in the earnings report about this transaction from the bloated fedex to some new beast that can do better? >> i think they are making incremental progress. they of longer-term costs. they're also reducing their capex from last year that will go down over the next couple of years that's driven by the fact they don't have to buy's many planes as they once had. they are in the process of modernizing their planes and their the which will improve the overall fuel efficiency in their ability to meet changing demand dynamics but the need to buy the very expensive planes are reducing. the fleet is being reduced in the old planes are being retired. lisa: you started wit

brenda smith is the global director of government outreach for expeditors international and the former executive assistant commissioner at cdp. next we have michael, the ceo of imported genius. next is fred ferguson, the vice president of public affairs for vista outdoor. michael stu mo for a prosperous america and finally martina vandenburg, human trafficking legal center. thank you to all the witnesses for taking your time and sharing your expertise here today. i will remind all of you your written statement will be made a part of the record. i recognize you ms. smith now for five minutes. >> mr. chairman, ranking member blumenauer, members of the committee, thank you for the chance to testify before you today. my name is brenda smith and i currently work as the global director of government outreach for expeditors international of washington, a global logistics and information company. previously i served for seven years as the executive assistant commissioner for trade at u.s. customs and border protection. the views i express today are my own and do not necessarily reflect the position of my current or past employers. but the pandemic laid bare the weaknesses in the global system th