so anything that happened after that was a plus. davidhe company run today is a privately owned company. have you ever thought of taking your company public? diane: no, but, you know, right now is the legacy moment of my life, right? now is the time that you look back at your life and i am happy to see that somehow it is coherent. i was born on new year's eve. so every year, i make a resolutions. so i designed my life in three columns. one is my family. one is my business and my brand. and one is me. so looking back now on my life, i look at my family, you know, my two children, five grandchildren, and i am very proud of them, of who they are, the people they are, that they are not banal. they are fun, they are interesting, they are generous, and they care. then there is my brand. there also i had to reset the brand and make sure it grows. because sometimes when you grow, you lose your initial spirit, your initial reason to be, and then the third part, me, is about the impact, is about using all the things i have, my voice, my experiences

david. fdr only went there during the non winter months. trim and not a fan of camp david put a. perimeter around the place it is a part of the cabin. it is very rustic, we still maintain that. over the years president nixon overtime but a lot of expansion onto the camp, putting in the hours for possible cover. and a number of other features. it is been maintained, modernized. [inaudible] [speaking french] that is been going on for the last 85 years. a very sequential and smart way. but it maintain the rustic nature on the outside. and kind of the amenities on the inside. it's like a four star resort. it's a rustic, comfortable place to get away. it's somewhere you can recreate on your own or meet with others. >> -- >> probably the most unique thing about it is that ever graded chapel that was donated by money gifted to the president of the united states for camp david in 1991, during president george. >> and how to presidents get to camp david? they talk about fdr driving. presidents don't historically drive you can david anymore, is that correct? >> not ideally. we prefer to br

david, do you know? >> he has been there a time so far. he goes on to delaware and he's been decamp david eight times as president it has been there many times as vice president. >> has camp david ever been damaged by bad weather? >> yours a mic or burst on the hill and there's when those will knockout trees in the state park in a national park but fortunately nothing serious is it the area. >> vivian asked a good question. has there ever been a wedding at camp david? >> one wedding one of the bush daughters was married in the chapel. >> salt from facebook asks what was the biggest surprise you ever had while working at camp david? >> the day the sprinklers went off when president clinton was chipping golfballs. the sprinklers go off and i was watching nearby. the sprinklers went off again and he threw his clubs and to the golf course and went to the driving range and it's humorous but you have to understand the frustration of someone dealing with that. i tried to make light of it that night when he left camp david. it was a poor attempt at

a good place for us. we have made our large capital bets elsewhere. davidwhat do you advise young women who want to be a ceo about the best way to prepare to be a ceo? phebe: be a part of a team, serve your team well and do the job in front of you as best as you possibly can. ♪ david: let's talk about your own background. where did you grow up? >> i spent a lot of time in europe during the cold war and got a real sense of being an american. germany was in the 60's, coming out of world war ii and not the major industrial power it is today. we had a real sense of what the united states had done to save europe. david: your father was a serbian immigrant? >> my father's family suffered from totalitarian regimes on the fascist side and communist sides . they were fortunate enough to escape with their lives during world war ii and it was their dream to come to the united states. when you have suffered from both types of totalitarianism, you treasure democracy, in particular a market-based democracy and he's an avid patriot, as is my mother, and they imbued me wit

truman not a fan of camp david. preferred to go to key west, but put a perimeter around the place, had the trees pushed back from the cabins, and then during eisenhower's time, it was winterized. heating was installed in all the cabins. very rustic and still maintained that, but over the years, more use of the family and administration, cabins have been added. president nixon during his time put a lot of expansion into the camp, expanding aspen, the president's lodge, putting in the laurel which you sometimes see on news reports of coverage of world leaders visiting. it's been modernized at times. it's a challenge if the president visits a lot when to modernize the cabins. but that's been going on the last four or five years. a smart way to keep it current but maintain the rustic nature on the outside and kind of the amenities on the inside. it's not a marble and brass four-star resort. it's not meant to be. it's a rustic, comfortable place to get away, to think, to walk in privacy and silence and to recreate on your

a try. prevagen. healthier brain. better life. davida new report from gas buddy says the gasoline prices are on track to reach a national average, get this, four bucks a gallon next year. of course just in time for the summer driving season. jeff flock is in p.a. l sb oro, new jersey with more on this. jeff, say it ain't so? reporter: i wish i could, david. this is the pbf refinery back there. this is the cracker unit. that is where they start process of turning oil, increasing scarce and expensive oil into increasingly expensive gasoline. look at the numbers, the study, the forecast i guess from the folks at gas buddy. the forecast each individual household spends $364 more over the course of a year to fill up its tanks than they did the previous year. how much in total? $76 billion. that is money that comes out of the general economy really and goes into people's gas tanks. that has multifaceted impacts. they say as you point out the worst month is going to be june. could get as high, national average of $4.13 by june. why all of this

[laughter] david: i guess you did not get a ticket. sen. the funny part was when he said, my god, it's both of you. [laughter] david: are you worried the senate and the house could flip to the republicans in the midterms because that often happens in these first-year -- sen. manchin: we did not have a much of a buffer going in. it wasn't like we had a bit of bench strength here. david: are you worried about this? sen. manchin: i'm the chairman right now of a committee which i enjoy very much. i have been ranking before which on the committee, which is the minority part. lisa murkowski, one of my great friends and dear partner, and we worked really well together. but it is much better off when you can control the agenda. you can't do anything about it. i have always said that the best politics is good government. today, that is not what we are practicing. today, it's not about -- the republicans are missing a golden opportunity not to jump on the infrastructure bill. and be overwhelmingly bipartisan. and taking credit. i've seen people take

i would always ask a simple question david, well, what have you changed? oftentimes, you know, they haven't changed. we don't operate, as big companies, permanently in crisis mode. when you think about how long does this solve things? a lot of it starts with the company being willing to set aggressive goals, right? so we're doing work, for example, with a large consumer goods company, where we said, we're going to, in 12 weeks, have a pilot to actually improve their manufacturing. and that, pre-covid, probably would've been a six-month project, not because of accenture, but because of how the client worked. answer but we are -- and so what we are trying to do now is work with our clients to work differently and to work faster. david: how do you charge? do you charge by the hour, by the project? is it a cost plus profit thing? what's the secret of your billing? julie: so our preference is to either have a fixed fee or have something that shares upside or downside. and the reason for that is that we don't view ourselves as a vendor or a consultant in that we

david: were there a lot of armenians? r: [laughter] i don't think there had been armenians at m.i.t. for many years. some, but i was not surrounded by familiar faces. david: when you got your phd, were you going to go teach? which is what sometimes people do. did you want to go into the industry? what did you decide? noubar: it was an interesting time. i reflected on it quite a bit. because this was a new field, i have since realized this is how advanced education systems work, the most prestigious thing would have been for me to teach and here was a field which did not exist, biochemical engineering. so i could go teach anywhere. i mean, they needed people who were proficient in this. i did not really seriously think about that. personality wise, what i saw a lot of the professors doing, i just thought this was not my temperament, basically. by the way, i have since because i have taught at m.i.t. and harvard business school, i have realized education has changed so much you can be an entrepreneur and a teacher at the sam

a game. mostly i focus on my two daughters, who are 13 and about to be 15. david you thought about hiring a consultant for your tennis game? if you hire a consultant, that would improve your tennis game, right? julie: well, actually, most of the time i play tennis with a coach because that way i can actually hit the ball and get a little bit better. [laughs] david: ok. so if the president of united states called you and said, you're running a gigantic company. you've done a terrific job. i need some more women leaders in my government. why don't you come be secretary of something important? what would you say? julie: i would say, i'm honored to be asked, but i have really important work to do in the private sector. david: ok, so you wouldn't go in right now? julie: that is not my current aspiration. david: somebody who is watching this would say, this person has an incredible professional life. rose up to be partner at cravath. now she is ceo of this gigantic company. can you cite something that didn't work out in your professional life so that people can feel you

i met a lawyer and said great, i still want to go to law school. davidu went across the country -- and i don't know why you went to columbia. you like places that begin with a "c"? what made you go to claremont and columbia? julie: maybe because i had gone to china during college, but i said, i have grown up in southern california. i should experience the east coast. i fully intended to go back to southern california, but i fell in love with new york. it was a deliberate decision that i needed to diversify my experience. david: after you graduated from columbia, you went to work at cravath, swaine, and moore. continuing with c, cravath. why did you pick cravath? it was not a place a lot of women had become partners at. julie: it wasn't. at the time, i remember when i came back and accepted my offer, my women friends were saying, what have you done? my male friends were like, congratulations. it was not the selection of choice, but it is now run by a woman, by the way. i had no intention of staying a lawyer. it was the best in the world, and i wanted to g

david: ok. chris: i have a strict rule. i will comment when something is done. david: ok. ors are justified in the since there is a lot of work and discussion going on, but nothing is done. david: there is a new phenomenon that's not that new, airbnb. chris: what is that? david: when it came along, the hotel industry shrugged it off, but is it a real competitor and will you be in that business? chris: i do not think it is a real competitor to us. so, if you think about what we do, it is something different than what they do. and i think we coexist with them quite well. we deliver a high quality, consistent product with the amenities wrapped in service with all the technology, loyalty, and people pay us generally a big premium for that, because they want, you know, that level of consistent high-quality experience. what they do is something different. what they are doing by definition can't have the consistency and the quality and the product and the amenities that are tailored fit, because it is different. it does not mean it is bad, it just means it is satisfying something

a wall. let's not do it. davidcalled creative accounting to put a kind face on what they were doing in terms of spending. he said as long as you have all of these things in it, it is going to cost more of what whar ton said and more of what the cbo was saying over a 10 year period it's not 1.7 trillion it's more like four or 5 trillion. larry: yeah in his statement the true cost of the build back better act, he was afronted and i am too. i mean, i don't always side with the cbo, but the whole country is afronted. you talk about transformation, all right, then you say we're going to have a child allowance and a child tax credit for just one year, by the way with no work requirements which also offended manchin, and myself. one year, no. transformation is forever, so the cbo scores for 10, it turns out it's a $5 trillion bill which is what we were all saying anyway. he's spot on. inflation is problem number one, we do not need more spending, and, david, we do not need more money creation either. let me tell you, thre

a vaccine solution. i'm lucky he is my governor, i really am. davidof the stuff in many hospitals here in new york. it is a little frightening when you look at this current outbreak. jimmy patronis, congratulations, thanks very much for coming in today. we appreciate you seeing us again. >> thanks, david. have a prosperous new year. david: you too, jimmy. forget china's military or iran's nukes. vice president kamala harris says there is new threat to national security. wait until you hear her answer coming next. snacking can mean that pieces get stuck under mike's denture. but super poligrip gives him a tight seal. to help block out food particles. so he can enjoy the game. super poligrip. hey, angie! you forgot your phone! hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings chall

those network effects are what makes a great. david china likely to catch up and advanced silicon valley as a technology leader? reid: it is one of the greatest concerns that silicon valley knowledgeable people have because china is amazing. everyone is acting like an immigrant. with hunger. large companies have this policy, 9:00 a.m. to 9:00 a.m. six days a week and that is the people in technology companies. they do a lot of innovation appear to there things we learn from china. i think china will have one very strong creation of the technological future. i think silicon valley has some edges too, but i think it's very much of a game on circumstance. david: now some people would say the technology world of the united states is dominated by a limited number of companies, google, facebook, apple, netflix, microsoft, i'm sure you are familiar with all of this. do you think the united states is dominated by too few tech companies and something should be done to weaken their power, or do you think everything is ok as it is? reid: where i

so you always travel with a truffle shaver? >> david hold on. canadian rail. so all these people are going to be, like, be expecting -- "wait a minute, where's my fist-sized black truffle? could i have the truffle option, please?" oh, of course. >> david: now, what was the other -- >> anthony: don't forget the foie. quebec city. one of the oldest european settlements in north america. samuel de champlain, known as the father of new france, sailed up the st. lawrence and founded this site in 1608. when the fighting started with you-know-who, quebec city was the french stronghold. until the bitter end, when the french fell at the plains of abraham. ♪ the french may have lost that one, but some things french have stayed firm, unbowed, resiliently unchanged by trends or history. le continental is the kind of place about which i am unreservedly sentimental. [ david speaking french ] when i was younger, i ate here with my grandparents and my parents. >> man: oh, yeah. >> man: well, that's older restaurant in town, it's open since 1956. >> ant

you are making a difference. davidnt kamala harris is turning to wall street for advice on various policy challenges at home and abroad, reaction from washington examiner commentary writer tiana lowe. good to see you. i looked at a lot of these names these are basically woke corporate, people in the corporate community that have bought into sort of the woke culture of microsoft president brad smith, citicorp ceo jane frazier but what is up with this? do you think that they're just afraid of regulations coming their way, and that's why they're working with kamala? >> oh, certainly, you know, especially these tech companies, they're concerned there is a bipartisan consensus, wrongly in my opinion, to breakup big tech in the same way with did with the oil industry. my concern, even moreso than woke corporateism is designed to conceal and that is deep corporate ties tethering the u.s. economy to china, and we know that biden has been willing to name what's going on with the weger muslims a genocide and we know that there i

david: that has not always been the case. there was aupreme court justice who refused to talk to or be in the presence of justice brandeis because he was jewish. justice breyer: yeah. mcreynolds. david: so it has not always been that friendly. justice breyer: no. david: but you are saying since you have been on the court, 28 years, people don't yell and scream at each other? justice breyer: no. they do not insult each other and they are not rude to each other. it is a professional job. you go in and do your best, professionally. and if you want people to listen to you, the best you can do is to think through this problem. listen to where the other person is coming from. and see what you can contribute to that thought. david: sometimes, the dissents are a little bit tough on the person who wrote the majority opinion. nobody takes that personally? justice breyer: i get that question a lot, and i used to get it more when scalia was on the court. the two of us would be there and somebody would ask that question, and i would try to answer bec

you are making a difference. david robberies caught on camera grabbing a lot of attention in 2021 but even more serious crimes have also surged this year, particularly violent ones. william la jeunesse live in los angeles where many of these incidents have taken place. we should mention it is happening all over the country from west coast to east. william. reporter: well, david, kind of question, did the pendulum swing so far to the left with no bail, less jail, fewer cops, will it begin to swing back the other way? 25 cities actually have seen basically record levels of violent crime and seven more are close to homicide levels last seen during the crack cocaine epidemic of the '90s. on christmas eve in houston, homicides, oakland, another one, along with a police shooting and gunfire outside of a hospital. >> just goes again to the callous nature of people's behavior right now and the willingness, brazenness to use firearms in our community. reporter: so following the death of george floyd many democrat led cities def

it's a shame. davidcoming out as an athlete and saying this. i would think more would follow his example. these corporations are taking a gamble, as we've seen in hong kong. if they can crack down on businesses there, it's not safe for western investments either. dave teafd agreeted. when we come back, school closures aren't just for covid anymore. we're going to bring you the latest on a growing number of public schools turning once again to online learning leaving parents and students in the lurch. ♪ ♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ ♪ ♪ david: school closures ramping up across the country and not this time because of covid outbreaks. after a return to the class room in september, some public schools are once again going remote or canceling classes entirely citing teacher burnout and staffing shortages. detroit public schools announcing last month that they would close their classrooms every friday in december, switching to online learning. and in portland, the teachers unio

difference a monday makes. david: absolutely. estors buying the dip as the omicron looked less deadly than anticipated. the jury is still out but it is still a stock-picker's market, but there is head-to-head you must know about. the big business taking better, taking capitalism down with the process. will small business save the day? speaking of awful images, spacs getting spanked hear. is there

so, maybe we'll get you a mcplant. davidher product i don't want to overlook is your famous coca-cola. now, you used to work at pepsi. do pepsi people ever remind you that you have coke? chris: we've had a few dialogues over the years. and, you know, my short answer is, the way to get pepsi into mcdonald's is, get people to prefer pepsi over coke. back to the point of, we are going to sell whatever the customer wants. so yes, my pepsi friends periodically check in. david: but some people say your coca-cola is made in certain ways that is better than what you buy the bottle. so what is it that you do that is different with your coca-cola? chris: so, i would agree. i think it is better. one of the things that we have as an advantage is, because of the volumes we do in our restaurants, our volumes tend to be higher than anybody else out there. it allows us to buy equipment that is able to be titrated or calibrated more precisely than maybe some of our competitors. and so, what we are able to do because of the equipment we are a

i had a real great opportunity. davidso you went to princeton and graduated in 1980 from princeton. and were you a star in the hockey world at princeton, and did you think you would go to the nhl or not really? gen. milley: i thought, starting out, i could go to the nhl. i quickly learned that the competitiveness of college hockey was probably not in my future, but i was ok. i was a state player. i was decent, but not a star. david: did you lose a lot of your teeth playing hockey in princeton? gen. milley: not at princeton, but i have lost four teeth. david: playing hockey? gen. milley: playing hockey. i broke my jaw in three different places, lost four teeth, probably got more than 100 stitches in my face. so, i have a face for radio, dave. david: when you were at princeton, did a lot of people say, i want to be in the military, or were most were going into private equity or hedge funds? were you an outlier being in the military at princeton? gen. milley: for sure. i grew up in a neighborhood that emphasized patriotism a

well, i will say is a step toward, or away, from rule of law. davidould you like most people to know about the supreme court? if you could say to the average citizen, here is what you should know in a paragraph about the supreme court, i assume it would be along the lines of, it is not as political as some people think. what would you say? justice breyer: when a judge, once he puts on that black robe, i'm not saying it is at midnight transformation, but i have to think this about myself, too. i have to. a judge is there for all americans. he is not there just for democrats. he is not there just for republicans. he is not there just for the president of the party that appointed him. and even if half the country think he is a real idiot and can't stand what he writes, in his own mind and the way he approaches the job, he has to remember he is there for everybody. all 331 million. ♪ mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises. oh, no! seriously? hmm! it's not the same if she's not here.

so for david, this was more than just a battle. of the power of the god of israel. >> david isn't even in the army. his father tells him to take lunch to his brothers, who are fighting in saul's army. and this is the picture that we get painted of the boy david, right? this punky little kid who is like, nobody's going to talk to my god like that, right? and everyone else is like, calm down, man. you don't know what you're doing. but he's willing to die to protect the honor of god. >> goliath doesn't believe his eyes. he's like, are you mocking me? what is this supposed to be? this is not a contest. ♪ ♪ ♪ >> throughout the history of israel, we see this theme of the remnant that god chooses to do his greatest work through the leftovers, through the disadvantaged. and david's defeat of goliath was proof to this struggling, desperate people that the god who had established them was still with them. it elevated them as a nation. it allowed them to take pride in who they were as a people. >> this young david, when he kills goliath, he g

a bigger book? >> this is the constitution, and it is smaller. david: a lot of justices carry around the constitution all the time. is that because you are going to forget what is in it? you just like to remind people? you read it over and over? >> you never know when somebody is going to ask you a question. somebody says what is article three section 19? they expect you to know. david: there it is. this book is an interesting book in the sense that it came from a series of lectures you gave named after somebody who was an ideological i would say opponent of some of your views. that was justice scalia. were you a friend of his even though you had ideological differences? >> i think so. we would debate those differences. i thought we had a terrific debate. in lubbock, texas, there were several thousand students. they had never seen a supreme court justice. we talked about our differences. you know, i say, if i had your theory, my goodness, don't you think -- do you think george washington knew about the internet or free speech? and scalia would say, i k

is that a david versus goliath story? uh, you know — no! ed this january that no—one expected. it was a little bit like an internet revolution. we were team human, team normal, regular guy. it's united capitalists... it's like this focal point, a paradigm shift for everything that's gone on for the last few hundred years on wall street. ..socialists. .. if there was a smaller chance that i could have a direct impact on ruining some billionaire's life, i wanted in on it. ..and youtubers. so how much did you make? $40,000-ish? the idea that an internet forum could take a failing company and, by collectively investing in it, or to use the parlance, "taking it to the moon," take on hedge funds and win, seemed impossible. houston, if that's not the earth, we're in trouble! but was this really a people's revolution? this is not a david—versus—goliath story, but more of a goliath—versus—goliath story. the gamestop story is the story of its investors, and we'll be telling it through the experiences of three amateurs in california who all buy and sel

: there is a new phenomenon that's not that new, airbnb. chris: what is that? davidlong, the industry shrugged it off, but is it a real competitor and will you be in that business? chris: i do not think it is a real competitor to us. what we do is something different than what they do. i think we coexist with them well. we deliver a high quality, consistent product with the amenities wrapped in service with all the technology, loyalty, and people pay as generally a big premium for that, because they want that level of consistent high-quality experience. what they do is something different. what they are doing is by definition can't have the consistency and the product and the amenities that are tailored fit, because it is different. it does not mean it is bad, but it is satisfying something different. if you look at the numbers pre-covid, we were coexisting quite well. we were at the peak levels of performance at a time where they were growing by leaps and bounds, and we were not really seeing significant competitive threat as a result. david: as an investor, should

david: do you wear a crash helmet when you are in those cars? reid: [laughs] no. h, you don't. what about flying taxis, is that in our future? reid: it is. i helped bring joby public and it has moved the transport grid from 2d to 3d, redefined cities, make commutes much less onerous, being able to get to the airport on time, being able to live remote and coming to the cities. the jetsons is no longer science-fiction but en route to science fact. david: what about space? do you invest in outer space-related investments? reid: not as intensely as some of my friends like elon. who are obviously -- i put some money into space x -- elon and this amazing transformation of world, but it is obviously an important area. i have ended up in it sometimes just by who i know. ♪ david: let's talk about how you became an investor and an entrepreneur. you were going to be an academic, and then on the road to damascus kind of epiphany, you said, i am not going to be an academic, i am going to be something more important, an investor. is that right? reid: it did not start with invest

at that time it could be a goodbye. -- good buy. daviday developers, overweight infrastructure. have a great week ahead. third quickly, have a look at u.s. futures. we are getting some pressure across risk assets. eighth week of weakness. let's get it to su keenan. su: we saw joe manchin rejected president frightens tax and spending bill. his announcement caught the white house off guard after weeks of negotiations. the administration and chuck schumer will determine whether they can still salvage some of the bill. >> if i can't go home and explain it to the people of west virginia, i can't vote for it. and i cannot vote to continue with this piece of legislation. i just can't. this is a no. su: a foreign secretary will handle u.k.'s post-brexit negotiation after david frost quit the role. he implied he was unhappy with conservative party policy. in hong kong, they heard their first major election since the electoral system was overhauled by beijing last year. the turnout rate was just over 30% before polls close, that compares to a recor

when you don't it will kill your supply chain a bit. davidr approach dealing with senator manchin and some other democrats in the party who have been very vocal about being disappointed had name? is there a shift in strategy since this all blew up over bullying? >> well, again i wouldn't characterize it that way jackie, i would tell you senator manchin who has won many tough fights in west virginia and i would doubt he is a withering flower on the side of the road. david: sounds like they're challenging manchin, rather than try to bring him back into the fold. what do you think is likely to happen in 2022 that joe manchin will become a republican or make some deal with the biden administration on bbb? >> i don't think he will necessarily become a republican but it is hard to see that he would come back to a bbb unless it just pared down a ton of spending. the cbo score that threw him off 4 1/2 trillion dollars. that was his estimation looking at it. i don't know that he can make a deal but joe manchin is one tough cookie, i don't think necess