ed lee -- mayor lee: we have something for mayor bloomberg. i think he will find it very special. charlotte, would you like to explain what is underneath here? >> [inaudible] the mayor's idea was to make you an honorary citizen. >> do i have to pay taxes? [laughter] >> [inaudible] if you want to get attention in your office. have you seen his office? it is like a bull pen. [inaudible] >> [inaudible] >> thank you very much. i cannot wait. >> [inaudible] [laughter] >> probably have to cook them first. >> as an honorary citizen, you have to come often, and if we raise taxes, you'll be the first to know. >> last time i was here, miss schulz gave me a stanford cat. i had to take a picture to prove that our warrant. thank you, everyone. mayor lee: thank you. i guess if there's questions. all right. >> former mayor gavin newsom often talked about modeling some of his programs after new york. [inaudible] if he could give us your impression of the homeless problem in the city as you have walked around and driven around. >> i did not know the specifics of how many people here need shelter,

mayor blikele bloomberg. he is serving -- michael bloomberg. he is serving his third term and has vowed to make education the primary focus on his final term. glad to have you. >> welcome to new york. we would like you to be here all the time. tavis: we'll work on that. good to see you. let me start with some news you made. i want to get your take on. i caught you on fox yesterday. and was intrigued by your comments when asked about donald trump. for tho that didn't see it, just recount your advice for donald trump. >> he is a new york icon. a little bit bigger than life. his daughter i know pretty well. married to the publisher of a small newspaper here. very smart and donald is donald. he is bigger than life. and anybody can run for president. that's fine. the birther issue is bigger than donald trump, however. there are states that are passing laws regarding verification of whether you're in compliance of the constitution that says you have to be born in america. i think number one, this president was born in america. number two, this seems

ed lee -- mayor lee: we have something for mayor bloomberg. i think he will find it very special. charlotte, would you like to explain what is underneath here? >> [inaudible] the mayor's idea was to make you an honorary citizen. >> do i have to pay taxes? [laughter] >> [inaudible] if you want to get attention in your office. have you seen his office? it is like a bull pen. [inaudible] >> [inaudible] >> thank you very much. i cannot wait. >> [inaudible] [laughter] >> probably have to cook them first.

bloomberg sprung from nowhere to create progress of journalism online. i will respectfully disagree on that. >> thinking about california watch, we feature them regularly, and they are doing excellent investigative work. is anyone familiar with those, and can you talk about the success and where you see that going? do you think that we will see more of these kinds of outlets? >> i think that paying for news journalism and especially for news journalism with a variety of politica

so mike bloomberg is a very unusual guy.econdly, there is a big difference between being the principle and the agent. and so you have to be pretty clear about what your new job is and willing to accept that. and mayors use their public profile to set their agenda and drive their agenda and deputy mayors are driving their boss's agenda. and they may feel the same, they may be perfectly aligned, but you have to remember it's your boss's agenda, it's not your personal agenda. so i wouldn't recommend it too many people. >> we are out of time. we thank you, stephen goldsmith, deputy mayor of new york, for your time and we'll look forward to that book after you're out of all of this. >> there will be one. >> for the straight scoop. thank you very much. >> you're welcome. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> for a dvd copy of this program, call 1-877-662-7726. for free transcripts or to give us your comments, visit us online. available as c-span podcasts

how is bloomberg doing progress of journalism? we may be thinking about different definitions of what that is. i'm not sure if the segue from that into investigative journalism made a lot of sense to most people's thinking in terms of how that is defined. >> have another question? >> i am a local free-lance journalist here. a couple of years ago, i had a friend. we were trying to figure out the feasibility of starting a nonprofit journalism in denver, and i remember coming across this corporate structure that i believe vermont, maybe one other state, uses in the country, but it is called a low profit limited liability company, and it is a structure that is meant to allow for profit but also to allow for tax-exempt status for donations. i found it really interesting. i found it surprising that other states did not have a similar model. this could also be a model to help budding companies in the future by allowing them more flexibility in how they acquire financing. i'm curious how many of you on the panel are familiar with this typ

there is a handful of private rooms, but it works. >> mayor bloomberg started with the bloomberg company and he had the same thing in that room. he was sitting in the middle of the room. you walk in the door and his desk was right at the right hand side there. that seems to be a very important symbol of some kind. what does it do? >> the free flow of information is what creates value. the problem with government generally, outside of that room, indianapolis or new york, is that there are walls. there are liberal walz and virtual walls. there are walls between agencies, and every time you have a wall, you lose the flow of information. the new lose collaboration and value. it is a very important functioning apparatus. >> is the police chief in that room? >> no. deputy mayors are in that room and press folks and government relations folks. the commissioners are out with their department, at police headquarters and fire, etc. texted you intend to do the same thing next year on christmas cards? >> we are done with christmas cards. >> here is another headline. "new york cut software deal with

bloomberg's jane king is live at the new york stock exchange with the moneyscope report. jane, good morning. >> yes, good morning, eric. rough day yesterday. but a brand new day today. we're a little bit higher. we have a ways to go to make up for losses yesterday. we are seeing stronger than expected results from goldman sacks and johnson and johnson. it is helping give us a list. the santa clara based intel reports the quarterly report after the close. comments from the treasury secretary tim geithner. he did an interview with bloomberg and said the u.s. will keep the triple-a credit rating. gold this morning hit another record high in trading earlier today. trading just under $1,500 an ounce. we have weakening dollar. it is sending investors out to look for a terntive to currency. gold is the favorite one. after the s&p 500 said growing risk the u.s. will default on the debt. now the stocks did tank yesterday on the warning. different day this morning. we are higher across the board. bloomberg silicon valley index is -- [ inaudible ] apple is suing samsung for galaxy p

mayor bloomberg, like i know him, michael. and i asked him a question, about how does one of his stature, means, economic and otherwise, could be running a city that is going through such a difficult time and connect with everyday people? how do you develop empathy for everyday people who are struggling when you're a billionaire. he gave his answer. it was a good answer. he gave the answer. i raise that to ask whether or not the advice offered by these personalities is advice that can be adhered to, can be reveled in by everyday people who are not at this lefrl? >> oh, definitely because you know, i think there are level s of accomplishment that really run the gamut. not everybody is a multimillionaire in this book like mike bloomberg, who is one of the most fill an thopic people in the country. he could be doing something totally different but he clearly cares about other people. i think that is a great testament to his level of compassion. i also had a lot of people who were not as well known like jacqueline who started the

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qué propuso bloomberg y por qué algunos creen que su propuesta es inaceptable. >>> que las tarjetas delas digitales. y que muchos consideran anti inmigrantes y considero que se manifieste a favor de ella el alcalde de new york. que siempre ha defendido la inmigración y la diversidad étnica de la ciudad. les daría la habilidad a los empleadores de conocer mejor quien está autorizado a trabajar legalmente en este país. en new york viven alrededor 3 millones de inmigrantes en los cuales. se estima que por lo menos. 500 mil de ellos son indocumentados. el alcalde dice que esta medida, no es que esté en contra de ellos. todo lo contrario. esta a su favor. es un plan, comprensivo. tienes que balancear la necesidad de traer a más inmigrantes a estados unidos. con proteger las leyes que ya tenemos en marcha. >>> críticos de esta medida señalan que incluir las huellas digitales aumentaría los costos y sería una intromisión en la privacidad de las personas hay algunas organizaciones se trata de posibles presiones políticas. >>> creo que él está... con el sistema de inmigración que no se haré sue

bloomberg tv opportunities at the time were pretty nascent. i always felt that the less clear things work, the better path you could make for yourself. people thought i was crazy. why would i leave cnn to go to bloomberg? >> did you have an agent? >> no. i have one now. >> what triggered the need for an agent? >> i figured if i wanted to play in the big leagues i had to play like i am in the big leagues and have an agent. >> was it a hard decision? >> the decision to part with 10% of your salary every year is always a hard decision. in the long run, it is not a financial decision. you are running a marathon, not sprinting. >> all through this you are still single. could you be married and have children and do all this? >> i think most of my colleagues have done that. >> what is the verdict on trying to do all of this and have a family at the same time? >> i respect my colleagues tremendously who have families, but i can barely get myself out the door in the morning, let alone getting little people out the door as well. >> here you are talking

. >> mayor michael bloomberg: eli broad says, "i want results, and if you're not going to show me resultsng to give you the money. and incidentally, after one year, if you don't show me the results, i'm going to stop funding you." >> safer: new york mayor michael bloomberg, no mean philanthropist himself, admires broad's un-cuddly approach and the $32 million he's given to new york schools. >> bloomberg: eli broad sets the standard. i think it's really being a role models for others. and they look at eli, and because of him, they get the idea of "i'm going to be innovative and be philanthropic and... and do some other things." the leverage of eli broad is really quite amazing. >> safer: amazing to the extent of almost half a billion dollars he's poured into improving public education. he spends even more on medical research. eight years ago, he teamed up with harvard and m.i.t. to create-- you guessed it-- the broad institute, in cambridge, massachusetts. the broad is the world's leading genomic medicine institute. all discoveries are free, available to anyone. let me be rude and ask-- ho

i'm jane king with the bloomberg business report. >> packard children's hospital is set to vote on a new labor contract. two sides have been unable to reach an agreement until they met with a mediator. under the deal nurses would get a 4% pay raise and 2-4% in constituent years. -- sense consequent years. >> they are sharing plans for botanical gardens in golden gate park. they have been charging a fee to enter but it has only raised $59,000 instead of projected $250,000. the fee has resulted in drop of visitors. supervisors will hear arguments from supporters that want to keep the gardens free and those that want the fees permanent. >> big apple could soon join san francisco to ban toys from happy meals. a councilman has introduced an ordinance to ban toys from fast food meals unless they meet certain nutritional requirements. it's modeled after a bill in san francisco by supervisor eric mark. >>> you. >> a new app, you have to take a picture of the meal. you snap a picture of the meal on the iphone and gives you a nutritional breakdown of what you are eating and tells you how many

that's the subject of a story in "bloomberg markets magazine" that is on newsstands now. we spoke with senior writer john lippert about smaller nuclear reactors, beginning with how they use passive safety features instead of the current designs using active safety like water pumps and generators. >> it's important to remember, after the tsunami, what failed is the back-up systems, and so nowadays, anybody talking about a new nuclear reactor is talking about passive safety, so high school science, right -- hot water rises, cold water sinks and you use that just sort of natural biology or whatever you call it -- physics -- and you get a flow through the reactor that's sustainable even if there is a shutdown. >> ed: you don't need any back-up power. >> that's right. >> nuclear power comes from small reactors you describe in the piece. one disadvantage is that it has less power but they are less expensive. are these less expensive than the large reactor questions we have now? >> let's go back. you said appetite for power is growing. it's not just growing, it's going to double

here is callie carlin with the bloomberg business report. >> good morning. observance of good fridays. investors heading in the long weekend with good spirits. stocks rose. standard & poor's hovered near the bull market high thanks to stronger than expected earnings from apple that bolstered the holiday. easter happens to be one of the biggest time of year for retailers. this year, easter is expected to rake in more than $14 billion. the holiday falling on the latest date since 1943 to give retailers like martha stewart, macy's, list of time to ramp up discounts and incentives. even build-a-bear is on board to let kids build their own bunny. this is according to the national retail federation. another retailer is jc penney, because you may see the higher prices for the first time in more than 20 years. the next time you head to one of their stores. jeans, dresses, jackets, costing more, as cotton prices hit the highest levels in decades during march. advanced micro devices are among those we watch as trading resumes. the second largest maker of procession so

bloomberg index is down today. move over, lawmakers are pushing to use apple products.an't be good for research in motion. they say the government agencies like the f.a. abz are testing the iphone and ipad technology to see if they are as secure as blackberry. blackberry maker research in motion has been the government main smart phone provider since 2001. royal wedding fans don't get sucked in by the promise of videos. norton is warning to be careful of websites and messages promising secret pictures that could end up leading you to a website to infect your computer with a virus. norton says 62% of americans say they are likely to follow the british royal wedding as often as every day. live at the new york stock exchange, i'm jane king, bloomberg news. >> thank you. . 6:49. salmon season is almost upon us. just two weeks away. they are expected to return to open waters but commercial fishermen have another view. they are pessimistic about the prospect for a good salmon hall. first, sport fishermen, which already opened come back empty handed. problem of spiralling fuel

we have the bloomberg business report coming up. >> free rides in walnut creek. while a downtown trolley service that everybody likes is coming under fire. plus, proposal to add a fee to the soft drinks you buy. why supports say it could save schools as well as children's health. >>> a blind sea lion unable to return to the wild is getting some new digs. >>> welcome back. 5:46. the bulk of the precipitation in the sierra. thunderstorm around chico and reading and yosemite now. that is all going to stay that way until the afternoon hours. when things start to clear up a little bit. upper 60s to 70s. along coast. san diego and l.a. mid-60s there. sunshine, 82 in palm springs. rain and 48 at lake tahoe. >> look at the stories we're following this morning. president obama wraps up his bay area visit with a fundraising breakfast at san francisco hotel this morning, in his third fundraiser in the bay area in go days. >>> caltrain board of directors is set to hold a special meeting today to vote on proposal that could avoid drastic service cuts. caltrain proposal has a

but according to an investigation by correspondent david evans published in bloomberg's magazine many insurance beneficiaries whose claims are denied never see a dime. >> you have to wonder how many people just throw up their hands, give up and walk away. >> reporter: evans says the odds are stacked against consumers when an insurance company decides not to pay. >> you don't have access to cross-examine the witnesses that the life insurance company uses to determine whether or not to pay you. and basically the life insurance company makes the determination on its own. >> reporter: that's because a federal law called arisa designed to protect employee benefits like pensions also protects insurance companies. it preempts state law on insurance and denies consumers both jury trials and punitive damages if they challenge an insurance company in court. >> reporter: the life insurance company doesn't need to have a lot of evidence, just a little bit, to justify their decision not to pay out. >> in a written statement the insurance company says the bloomberg report grossly distorts the facts

mike bloomberg changed it. and the question always will exist, how did he do it? it's his personality. he's not -- he's a man of vision buddies also a person -- but he's also a person of great technician and does not show great emotion. and that's helpful. that's simply helpful. it's not a sacrifice to go say howdy did this once. early on when he entered city hall, al sharpton was coming out and he went over to him and introduced himself. that was wonderful to do. al sharpton and i are very good friends. whenever we are together, the first thing he will say to people is he made me famous. he arrested me. [laughter] >> and it is true. in 1978 he came down to city hall. he didn't have an appointment. i said i will see him anyway. i went into the blue room, yes, what can i do? i didn't know him well. and he brought in about 25 other black ministers. and he said, we are here with a petition that we want you to sign. and i said can i read it? now. i can't take it with me? read it now. all right. so i read. and it is you promised to give all summer jobs, federal governm

here is bloomberg jane king with the moneyscope report. >> good morning.riple-a puts gas prices over $4 a gallon on average, in six states, including california with other states close behind. look out if you are traveling on the this week. price is more than $5 at a station in the nation's capital. almost as high near yosemite national park and san diego, too. possible progress on settlement between bank and state attorneys general investigating how the banks are handling the foreclosure. they tell bloomberg they reached agreement on some terms but are arguing because the banks are refusing to reduce size of mortgage that homeowners owe. subway is getting healther. "usa today" says they are cutting sodium in the entire sandwich line by 15%. compared to 2009. at the new york stock exchange, i'm jane king. >>> the proposal to allow the tower portion of the san francisco fairmont hotel to be converted to condos has been rejected forcing owners of the historic hotel to consider selling it. the "san francisco chronicle" reports that investors needed green ligh

so he sought that meeting and on december seventeenth we now find out through bloomberg news that on december seventeenth the city group bankers gave feedback to david so that the president of lubrizol you know was going to bring berkshire hathaway's interests forward to the board of directors at lubrizol so it's pretty clear that he had information that the public didn't have that this was a potential acquisition candidate for berkshire hathaway and in the past the stock prices of acquisition candidates of berkshire hathaway have popped up so after all of this go around david sokol is going shares loopers all saying that he had an interest in it for his personal account before he met with the city group bankers none of this sounds plausible but what is really harmful to berkshire hathaway is the attitude taken by charlie munger and warren buffett who have always said that we hold ourselves to the highest standard of corporate governance and we wouldn't tolerate this kind of behavior and the press release looks an awful lot like covering up and excusing insider trading in their press

here is bloomberg jane king with the moneyscope report. >> good morning.rants nationwide. hiring full and part-time manager and crew. you can see why they love their job at mcdonald's.com/career. an alabama law firm is withdraw withdrawing class action lawsuit against taco bell. it alleged what taco chain called seasoned beef had so many other ingredients it doesn't meet nutrition to be considered beef. watch out for the frozen lemonade at mcdonald's and shake at cold stone creamy and no calorie pepsi shake from kfc. think before you drink. many may be packed with calories. treasurely will try to figure out when it lwill sell stake. it could mean that the taxpayers will lose money. there is a growing ris that can the u.s. government might default on the debt. >>> investors are looking at quarterly result from goldman sachs, intel at the closing bell. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> 5:54 now. the white house has disaster from the tsunami triggered by the earthquake in japan. damage to the harbor alone is

managing that very effectively up till now in some cases he's had some warts on that is jonathan while bloomberg was happy to point out for us and as john gapper said in a recent financial times article basically to the international community he looks like he and charlie munger look like the beverly hillbillies of finance you know talking spewing out these big platitudes but now when you look behind the platitudes you find out that there's something darker going on and i kind of trace that back to about august two thousand and eight when i really saw this fall off the cliff warren buffett was on a town hall panel after david walker's piece called io usa talking about the big debt the u.s. government was getting into and this was a month before that they are lots and warren buffett broke ranks with everybody on the panel including david walker pete peterson a number of other people on the panel and he was the only one that broke ranks and he basically tried to minimize that and undermine the entire mess. of the movie and of the panel and basically he said the united states you know we're good fo