and let's get started. ♪ >>> joining me now, bill gates.l a pleasure to have you on. >> great to be here. >> so give me your sense of where the american economy is these days. a lot of people say yes, we do have a recovery. yes, compared to the rest of the world, the united states is doing well. but we're just not getting the kind of growth we used to and that something has changed. that this is the new normal. you're not going to get back to 3% 4% 4.5%. >> well gdp growth doesn't capture mass improvements that take place, particularly digital innovation. it's not quite as negative a picture as appear gdp look will give you. >> explain that. you think there's stuff going on that's improving quality of life that isn't being measured properly. >> that's right. when you use wikipedia, it is contributing $0 to gdp, whereas when you used to buy the world book or britannica that showed up in gdp. so the fact that those services listening to music, finding videos the price deflator doesn't capture the quality of these services. particularly ones w

charlie munger and bill gates will be joining us. first the top stories. >> it's nice to see you again. we'll do these stories in a second. we'll take a look at comcast. it looks like they are beating -- it looks like they are beating on both the top and the bottom lines there. 79 cents, x items, and then 17.83$17.83 billion in revenue. >> okay. in the year ago quarter, you had sochi, this quarter, you have the super bowl. so to compare apples to apples, there's a lot of excluding of different revenue metrics. >> comcast is excluding olympics and super bowl but thompson reuters is not. >> most of these numbers look like they are above analysts expectations. we should point out just right off the bat here i think the company is going to -- >> there it is share repurchases. >> people were talking about that. once the deal -- >> brian alluded to it when he was on the show. >> also combined with the dividend increase you'd like to send your application to an additional lpder in the future. >> in some cases the story looked at four or fiv

>> guest: ada lovelace steve jobs, bill gates, and allan toring. ut 30 main characters in the "the innovators" but those four inspired be. >> host: bill portland oregon, you are on. >> caller: good morning, thank you for taking my question. i appreciate you, mr. walter isaacson i think you are a great man. >> guest: i write about great people. i don't think i can take the title myself. >> caller: i wish you a long life and keep bringing the history and icons to us common-thinking folks. first question and just an additional question with the server forms or cloud computting and 3-d printing do you see that as a change to the world? and second is when is ilan musk going to talk to you? >> guest: i think 3-d printing will have a transformitive effect. the way we organized work is through films or corporation because you needed to be a big equipment to have all of the equipment you needed to manufacture things distribute things, bring together people in the working environment for creativity. nowadays we are seeing anybody can be an on call working whe

out of college and started up a software company, he's a politician. >> average, i wouldn't call bill gates, oprah winfrey or steve jobs average, would you? >> no but i think gates and winfrey would never say to young people hey, it's okay to drop out of college, which is making scott walker's most redeeming quality up there the fact he's a packer fan. >> well i don't think he's saying that a college degree is useless, he's just saying there may be some things that trump it. >> i think some people are cut out for college, some people aren't. then there are people like me who went but shouldn't have. but i'm here anyway. >> is it worth it in the end? >> i would rather have someone dropping out, earning money for their family than piling up $100,000 degree for some philosophy study. we have such a disconnect now. >> so often it's about the marketplace. thank you, great discussion. coming up memorial day travelers expecting to spend over 12 billion bucks on their ♪ when we were young we wanted to change the world. so we did. we took a generation that was built on hope... and turned it into a g

tweet us or post on our wall >> bill gates recently released a list of seven books is reading this summer >> they get one week. and he has this moment at the beginning where he looks around when he 1st gets asked you have to go train girls. you know, what kind of assignment is that. at the end of his eight days with them these women may end up being tuskegee airmen. i don't want to use language in the book around children, but read the chapter. there is a lot of colorful language where he just has these moments. they are serious. if they want to be here and i'm sure i said: dickinson everything i no. what he found was that they have heart and great. he asked them to climb up and down with body armor it's hard for a lot of them. and the confession white who goes up and down three times using just apologized for not using her legs. if you do out there were you doing here in the fight. you care to be there. all that want to do is get the job done. they start to prove themselves. they all started to get there and then tragedy strikes. first lieutenant ashley white is on a mission just like ev

emily: one thing he would tell entrepreneurs is don't copy mark zuckerberg and bill gates, why not?eter: the next mark zuckerberg won't be starting a social networking site. the next bill gates won't be starting an operating system, and so in some sense you cannot copy them because they did not copy somebody else. emily: you also suggest that they come up with one very important truth that very few people agree with you on. why is finding something nobody agrees with you on the best way to get everyone to believe in you? peter: i think great companies have a sense of mission. they have a sense of where is no one is doing this we would be doing it. they have a sense of where a good investor has a patent and has good technology, and that is the best kind of investment to have. emily: you say google is a monopoly? peter: it obviously is. they do not talk about the 98% of revenue that comes from search, which is where they have a monopoly. they tend to focus on all these other areas. ebay has a monopoly in the auction space. amazon has a monopoly of scale in e-commerce. emily: is facebo

today, he and bill gates and berkshire vice president charlie munger sat down for a lengthy interview about everything. incredible longevity at berkshire hathaway. >> i had a terrific advantage of having a long run and being able to do it my own way. cheryl: we're going to hear much more of liz's interview with warren buffett in just a moment. as well as her entire interview. warren buffett's america. tonight on the fox business network, 8:00 p.m. eastern time. it is the last hour of trading on this monday. so let's start the "countdown." ♪ cheryl: and we've got you covered on every angle today. a lot of news is flowing, and we are on it for you right here at fbn. jeff flock is in kansas city on the latest gm announcement. peter barnes in d.c. on the lost decade in the u.s. blake burman also in d.c. the latest updates on the campaign. scott redler will set up your portfolio for the week. bob is in the pits of cme. and our reporter is managing the imex. what are gm's plans. just as the fairfax assembly plant rolls out its five hundredths vehicle. mary announces her big plans for the pr

where warren buffet and bill gates wants their money to go. how the world of job hunting has changed. the best websites to use if you're looking. on the money starts now. >> this is on the money. your money, your life, your future. now becky quick. >> here's a look at what's making news as we head into a new week on the money. america's unemployment rate fell to the lowest number. the accompany had 223,000 jobs in april. that was in line with estimates bouncing back from a week mark. the unemployment rate dropped the 5.4%. that's the lowest level since 2008. stocks were up and early trading on friday after a choppy week. they continued to rise at the close. don't look now but mort aj rates are starting to creep up. now averaging 3.8% according to the home loan corporation. that's still the story. up from 3.68% a week ago. if you're longing delays on the beaches of havanna, there's a new way to get there. you better plan well in advance. the fight will be a once a week charter. >>> the internet and dating continues to be a good match. the found

emily: did you idolize jeff bezos and bill gates? aaron: yeah, everybody knew the bill gates story kind of by heart. what's cool about microsoft is that you can actually go and they let you be a product tester. so a lot of people in high school would actually go to microsoft and test out new products and then they would give you like a free mouse at the end of it. emily: ok, you met your co-founders in middle school. tell me about that. aaron: so, dylan smith, kind of the first co-founder of box who's now our chief financial officer, we actually played trumpet together in middle school. neither of us were any good at that. and then throughout middle school and high school though, i did a lot of stuff on the internet with jeff and later in high school with sam ghods. emily: tell me how box began. aaron: if you go back about ten years ago, not a lot of innovation was happening. so it was really, really hard to do basic things like, how do you share your files, how do you access your data from anywhere, how do you collaborate and work w

are bill gates in your heart. and he wrote back and told me, no, i'm not bill gates, but i wish i had his money, i could give you a lot more. you know? and that was nice for him to say that. these are the letters that i get. feel this. feel this. >> that's what love feels like? >> that's what it feels like. one letter, i have some letters he writes 14 and 15 pages. if he write 14 pages i have to write 14 pages plus 7 more pages. that's why i like for him to write a lot. this is what i do. this is how i spend my time. >> from what i've observed, the monotony of prison is what creates a lot of problem for these inmates. by having this focus of writing letters and maintaining a correspondence with the man that he loved, this gave ernest a purpose, a meaning in life. >> this is my favorite one. >> read it. >> no. no. no, i'm not going to read that one. >> part of it? >> okay. okay. okay. it says, i just want to send you a card to let you know i love you and that you're on my mind. love always, daddy. he's my focus rig

how much did bill gates cooperate with you as you were writing the book? >> bill gates is one of the first people we interviewed because well i have a good relationship with him, too, and when he heard we got the deal i just said, someday it would be really great to talk to you. he made time force right away, and he was actually a really useful in it at first because it sort of set out expectations of what their actual friendship had become in the latter years of which is all sort of under behind the curtain you know, you didn't see this. i think it will become much closer and shared a lot more time than they ever had in the previous 25 years. that help. but also bill is a great interview, too and always very -- blood is not the worker candid, we will put it that way. he was really kind of fun to talk to about okay, what was the steve good at? what was a bad at? what made him special? what did you admire about him? he was very open about all this. >> he did a couple of great things. he stood up at one moment and imitated steve on the stage making a present

as we are preparing for disaster, bill gates disaster, bill gates was asked what he sees as the greatesteat. >> i rate the i rate the chance of a nuclear war in my lifetime as being fairly low. i rate the chance of a widespread epidemic far worse than ebola in my lifetime as well over 50 percent. kennedy: he says about 33 million people could perish at the hands of one of those widespread epidemics worse than ebola. tens of millions of people, that's people, that's hardly a drop in the bucket, spanish flu killed 28 -- sorry, it killed 28 percent of the population. the killed about 25 million people. that was a 3rd of the population at the time. an epidemic killed 32 million people it will be sad, but it would only be half a percent. >> these things happen before we knew about hygiene the real big threat is the heart attacks you get when your computer goes down and you're wondering if your data is backed up. that's happened to me twice in my lifetime. kennedy: is that when you switch to mac? >> i haven't. he can afford to say this and not panic. when it hits he will be protected. will be

abc's rebecca jarvis sat down with the pledge founders, warren buffett and bill and melinda gates tock the progress. >> reporter: they hang out with rock stars. even presidents. >> he's so thrifty i had to give him a white house tie. when bill gates came he wanted one, too. >> reporter: but for the past five years, these billionaires have focused on a remarkable mission -- giving away their massive fortunes to charity. you decided to give away 99%. of your wealth. >> other people can buy vacsiecine vaccines. it can buy education. besides, you know, 20 years from now, i'll be in a place where there will be no form 400. >> reporter: we visited warren buffett and bill and melinda gates to talk about the giving pledge and the challenges ahead. >> i have been amazed. how receptive people have been. >> reporter: what began as 40 billionaires pledging to donate at least half their money has tripled. 135 individuals from 14 countries. a total of $1 trillion in commitments from the likes of facebook's mark zuckerberg richard branson. >> these people are giving a minimum of 500 -- >> reporter:

. >> when bill gates he wanted one, too. >> reporter: but for the past five years, these billionairese focused on a remarkable mission -- giving away their massive fortunes to charity. you decided to give away 99%. >> it can buy education. besides, you know 20 years from now, i'll be in a place where there will be no form 400. >> reporter: we visited warren buffett and bill and melinda gates to talk about the giving pledge and the challenges ahead. >> i have been amazed. >> reporter: what began as 40 billionaires to donate at least their money has tripled. 135 individuals from 14 countries. a total of $1 trillion in commitments from the likes of facebook's mark zuckerberg. you're surprised? >> i have got an fair number of nos. >> we had no idea that we would get this many people to come together. >> reporter: tackling issues like poverty, education and disease, where they have seen considerable success. >> polio is likely to become the second disease ever eradicated and we'll take that success and go after other diseases like malaria. >> what has the most pressing urgent need today? >

this is one that came up as we were talking about bill gates.how much did bill gates cooperate with you as you were writing the book? >> he was one of the first people you interviewed because i had good relationships with him, too. so when he heard we got the deal, i just said sunday he would be really great to talk to you. he made time for us right away. it was a useful interview to have been the catalyst is sort of sad car accident haitians of what the actual friendship had become in the latter years, which was all behind the curtain. you didn't see this. they had really become much closer and shared a lot of time than they ever had in the previous 25 years. so that helped. but also, bill is a great interview, to and also very candid. we will put it that way. he was really kind of fun to talk to about what is steve kodak, what is the bad data? what made them special and what did you admire about him and he was open about all of this. he did a couple great things. he stood up at one moment and imitated steve on the stage making a presentation,

plus, berkshire hathaway vice chairman charlie munger and microsoft founder bill gates.hose three guys who work the gdp of most countries. all talking to liz. 8:00 p.m. fox business. the recent rotation out of the hot stocks. big money looked for a new home. the names and sectors you should be following. the next three minutes, we'll make you some money. ♪ ♪ charles: all right, guys. have to blow that whistle. open up the page from payne's investment playbook. the earning season, as you know, has seen some horrific reactions to companies that have missed or warned. big money fling. what were formerly hot stocks, they have to find new homes. the recent rotation into certain areas probably means that smart money is going there. and the big question right now is, should you follow? let's look at last week, for instance. the slowing moving sectors included the consumer stocks. consumer sick l cyclicals up 1.5%. that wasn't too much off the one-year pace. that wasn't necessarily bad. basic materials, while it wasn't one of the hottest sectors of last week, this is what i want

i asked mark zuckerberg about this question mentioning bill gates who has criticized the internet everywhererojects by other companies. take a look. mark: bill and i had a few conversations about this and other things we have worked on together. the reality is people need a lot of things in order to have good lives. health is certainly extremely important. we have done a number of things that facebook to help improve global health and in the area. but the reality is it is not either/or. emily: is facebook putting the internet before food and before water? what do you want him to do instead? guest: i don't think facebook is doing that. i agree with mark zuckerberg, it is a false dichotomy to say the internet is not as important as food or water. that is a bit of a distraction. but the focus here is on the fact that the internet is important, it is essential in people's lives, and we are need -- we need to make sure we are not creating a hierarchy with different types of internet. where people who cannot afford it gets scrapped. the reality is a lot of people won't ever be able to afford expen

today, he and bill gates

next on "gps," elon musk bill gates, and stephen hawking.t's tough to find three smarter guys and they're all issuing dire warnings about something they say could be disastrous for human life as we know it. what is it? i will tell you when we come back. if you're taking multiple medications does your mouth often feel dry? a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene available as an oral rinse toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. remember, while your medication is doing you good a dry mouth isn't biotene, for people who suffer from a dry mouth. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at

right now, if we did it you know guys like elan bill gates, they wouldn't exist right now because they'd say, oh my gosh my fortune is being taxed at 90%, no thank you. i'll move on and do the next thing. >> we just look at the basics and the government takes 9 out of 10 dollars that you earn out of your pocket so it can spend it what does that do to the economy? >> it cripples it. we're going to see jobs lost. as a result we're going to see our nation's richest people leaving. the ones who are supplying a lot of these jobs. i think that's something that, you know bernie doesn't recognize here. and honestly bye-bye bernie instead of bye-bye wealthy people. because we need them to keep our economy going. and right now we can't afford to lose any more jobs. we have one of the highest unemployment rates, even though the president wouldn't tell us that because he's not accounting for all those people who are no longer getting in to those lines anymore because they've just given up hope. is that an economy we really want to kick back into recession. i mean, these numbers are just startle star

i look at the forbes 400 and i see bill gates and mark zuckerberg and larry ellison and phil knight. i see incredible success stories, men who created millions of jobs. >> don't you partially recent you are not on that list. >> i only recent -- >> there's a difference between recenting being on the list and recenting resenting those on the list. >> if the economy grows it at 2% or 3%, everyone across the board from the poorest to richest grow their assets their wages by 2% to 3% that chasm will get wider and wider and wider. >> then focus on the economy and not inequality. >> we have had seven years of focusing on inequality high taxes. >> more than that. >> the lbj society is seven years old. >> the wealth gap has gotten greater. and it's not working. >> it's gotten greater in cities and states run by democrats for years. detroit, baltimore, chicago, wherever you go a democrat has been in place there for 50 years and have made it worse for the policies. >> you have not know any republican screw-ups? >> in the major cities one the beacon of the world, detroit was the paris of the wes

he joins bill gates, physicist steven hawking and tesla sceo elon musk. he is so concerned that he donated to a foundation who makes sure machines behave themselves. >> to make sure in a mathematically provable way that the robots will be on our side. >> russell is one of the world's leading experts on artificial intelligence. he points to the johnny depp movie "tran sen dents" as an example of what the world would be like with super intelligent machines. >> the machine is able to figure out how to cure blindness and resurrect the dead and cure the planet's environment. >> but then the computer connects to the inter thet and tries -- internet and tries to carry its goals to the internet. >> it is a serious problem in the future. the way to prevent it is somehow let the computer learn human values and put them in context. >> before we reach the level of a super intelligent system we will have systems that can read anything that has been written and extract information from it. >> that's still a way off. but these videos show type of machine learning that i

where bill and melinda gates want their money to go. why boomers are striking the riekt cord, and how the world of job hunting has changed. the best websites and strategies to use if you're looking. "on the money" starts right now. >> your money, your life, your future. >> here is what is making news as we go into a new week "on the money" the economy created 223,000 thousand jobs in april, that was about in line with estimates. and the unemployment rate dropped to 5.4%. that is the lowest evil since 2008. that nice sent stocks up in early trading on friday after a choppy week and continued to rise at the close. mortgage rates are starting to creep up, a 30 year fixed loan is now averaging 3.8%. that is still historically low, but up from 3.68% a week ago. >>> and jet blue will be flying out of new york's kennedy airport to panama. there will be additional flights from ft. lauderdale and tampa. >>> the internet and dating continues to be a good much. it is a $2.4 billion industry. eha is still one of the biggest players. dr. warren, i w

they are asking billion is -- microsoft founder bill gates. they are asking billionaires to give away more in their wills. the former home of the late michael jackson is up for sale. neverland ranch is priced at $100 million. jackson bought it in 1987 for $19.5 million. the property has 22 buildings including a six-bedroom, 1100 square meter home, and two guesthouses. there is a 50 foot movie theater that has a stage with trapdoors for magic shows. the estate is being sold without the animals and without the amusement park. quite an interesting home hitting the market there in santa barbara. molly: it is going more than five times what the original buyers bought it for? not a bad deal. thanks for walking us through today's business news. it is time now for our press review. it is time to take a look at what is grabbing headlines in this week's newsmagazine. i am joined by florence. florence: we are starting out with focusing on relations between china and the african continent. let's start with a figure. they talk about $210 billion. that is t

emily: bill gates has criticized project loon.en you are dying of malaria, i suppose you look up at see the balloon and i'm not sure how you are -- how it will help you pick "p -- help you. how do you respond to that? mark: bill and i have had a few conversations about this. i think the reality is that people need a lot of things in order to have a good life. health is certainly important. we have done a number of things at facebook to improve global health. i am excited to do more there, too. the reality is that it is not an either/or. people need to be healthy and have the internet as a backbone to connect them to the economy. the internet creates jobs, it facilitates health. for example, in the most recent ebola outbreak, i asked folks who were involved in containing the outbreak what can we do to help. the number one thing they said is to help get conductivity. they need to wire up these ebola treatment units to coordinate response so that people can count those who have come into contact with ebola. it ends up being important

next on "gps," elon musk, bill gates, and stephen hawking. it's tough to find three smarter guys, and they're all issuing dire warnings about something they say could be disastrous for human life as we know it. what is it? i will tell you when we come back. t... and one of delicious sweet. to satisfy the adult.... and kid - in all of us. (supergrass' "alright") (plays throughout) ♪ nutritious wheat for the adult you've grown into. and delicious sweet for the kid you'll never outgrow... feed your inner kidult... with frosted mini wheats®. if you have moderate to severe rheumatoid arthritis like me and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira giving me new perspective. doctors have been prescribing humira for ten years. humira works for many adults. it targets and helps to block a specific source of inflammation that contributes to ra symptoms. humira can lower your ability to fight infections, including tuberculo

back in those days, you look around and there is bill gates and larry ellison, michael dell. you could just walk up and talk to them. it was like, oh my god. emily: even back then, did you know they were of greatness? bill: oh yeah. i remember when i got invited, when i was covering microsoft -- they have this annual analyst meeting. my second trip out there, someone handed me a card and said, you will be at bill's table tonight. i was 27, 28. emily: does it matter if amazon never turns a significant profit? bill: it only matters if wall street doubts that they can. ♪ emily: how do you become a top tech analyst? what does that involve? i am sure it is a lot of hustling. bill: i was fortunate. the research was not generating as much profit on its own. i was experimenting with this notion of a more premium model. where i was blasting it out. that is when i started above the crowd, which was a fax back then. it's sort of way back then. emily: above the crowd, 6'9", playing on your height. frank quattrone recruited you. what did you learn from him? bill: i got a call out of the bl

. >> even billionaire bill gates has questioned the priorities of the longevity movement. >>"seems egocentric, while we still have malaria and tb for rich people to fund things so that they can live longer... what do you think about that view? i mean the hundreds of millions of dollars going into this, could go into mosquito nets in africa, >> it's a silly a argument because it's a need that you don't try and change healthcare in western society. it's not ok to have a 6 month kid die from a brain tumor if its preventable or treatable. why is that any different than dying from malaria in africa? it just a different scale problem with different populations. >> but what it truly means in my belief is that we're heading from a world of have and have-nots to a world of haves and super-haves. where we can meet the basic needs of every man woman and child. and yes, some people will be able to go to mars, and others to live hundreds of years, but we are truly transforming this world. we're creating a world of abundance. and for me that's one of the most important things we can aim

he will be joined live by charlie munger and bill gates.materiality because cramer's got carpe2k r are carpe diem. >> i'm taking carpe diem. >> "squawk on the street" begins right now. >>> welcome to "squawk on the street." i'm carl quintanilla with jim cramer. david faber is off today. social names continue to got clobbered. plenty of earnings after what has been a very busy week. oil, the best performing commodity in april up 25% which is giving some back today.

he joins bill gates, physicist steven hawking and tesla sceo elon musk. he is so concerned that he donated to a foundation who makes sure machines behave themselves. >> to make sure in a mathematically provable way that the robots will be on our side. >> russell is one of the world's leading experts on artificial intelligence. he points to the johnny depp movie "tran sen dents" as an example of what the world would be like with super intelligent machines. >> the machine is able to figure out how to cure blindness and resurrect the dead and cure the planet's environment. >> but then the computer connects to the inter thet and tries -- internet and tries to carry its goals to the internet. >> it is a serious problem in the future. the way to prevent it is somehow let the computer learn human values and put them in context. >> before we reach the level of a super intelligent system we will have systems that can read anything that has been written and extract information from it. >> that's still a way off. but these videos show type of machine learning that i

we celebrate steve jobs and bill gates, but we should celebrate the nail salon, the dry cleaner, the corner cleaner, the corner coffee shop, the autobody shop the real estate firm. they create two thirds of the new jobs in this country. for the 1st time in us history we are now destroying more businesses that we are creating the businesses of a small and family-owned businesses unless we get that going we won't get the middle class. >> thank you for the question. i want to ask you this, get a perspective. influence of big business. given your former position to -- does that offend you? >> it is true. >> as the ceo of a $9 a $9 -- $90 billion company i may not have liked regulation are taxation or legislation but i would hire accountants and lawyers and lobbyists to try and change it and understand it and understand it, that nine person real estate firm can't. the truth is big government and big business and big labor get all intertwined and work the system. too big to fail, five banks, 3,000 community banks have gone out of business. >> we have to wrap this up. for now we are signing