stephanie ruhle and mike bloomberg, former new york city mayor, founder and majority owner of bloomberg lpis is "taking stock" on bloomberg. ♪ now, it is time for our "small to big" segment, and things are going to get a little dirty today. that's because we are going to be looking at a company called tough mudder. tells me hiscutive biggest challenge was getting the company off the ground. >> it is a challenge you do with your friends. it's about teamwork, camaraderie , having fun. walls, crawlr under barbed wire, runover fields with electrical wires, each of which has 10,000 volts in it. anyone who tells you starting a business is not a very scary thing to do is simply lying to you. my harvard business professors were very clear with me -- "this is a bad idea. people are not going to pay to run in flames, to crawl in the mud." we launched in 2010 with three events. we have a hundred thousand people participating this year, but really, i feel we are just getting started. one of the problems was we were not getting the repeat is this that we wanted. this we wanted. we did some market resea

. >> joining gates, a friend and fellow philanthropist, the bloomberg lp founder and former new york , michael bloomberg. >> there are fewer people starving, fewer people sleeping without a roof over their head. things are better. >> in the bill and melinda gates foundation's annual letter,

. >> joining gates, a friend and fellow philanthropist, the bloomberg lp founder and former new york or, michael bloomberg. >> there are fewer people starving, fewer people sleeping without a roof over their head.

. >> joining gates, a friend and fellow philanthropist, the bloomberg lp founder and former new york city mayor, michael bloomberg. >> there are fewer people starving, fewer people sleeping without a roof over their head. things are better. >> in the bill and melinda gates foundation, gates predicts that by 2035 there will be almost no poor nations left in the world. coming up, we hear what these titans are doing to see that through. bill, i read through your letter and what i noticed in the tone was that you are very optimistic. you say look, we are better off than we were decades ago. where does this optimism come from? >> i think i am naturally optimistic but also the facts are on the side of the optimist. it is dangerous that people are focusing on the bad news and not seeing the progress we have made. it means they don't look at the best practices. it makes them less generous. we are raising poor countries up. most people live in middle-income countries now. there is more to be done on health and agriculture, but the track record success, if you don't see that you are not going t

he is the founder of bloomberg lp, the parent company of this network.nd i had a chance to sit down this week about some of the challenges of building a museum. >> somebody had to pull it all together. we had some great people who made enormous progress in making commitments for $150 million, and a lot of work had been done with the port authority and the states of new york, new jersey, city, federal government. sort ofroversy had taken over and became the story itself rather than what we were going to build and why we wanted to build it. as the mayor, it was the logical thing to do. >> how did you cut the cost and get everyone on the same page? what you had to make a decision as to -- >> you had to make a decision of what you are going to build, with the budget was. it wasn't that people were cooking the books and people saying, let's waste money. it was that everyone had a different view of what we should build and in that case, forecasting is virtually impossible. and you don't start out by saying, you have an unlimited budget, use it and then we will

a bloomberg lps senior economist put out a note saying the condition of the labor market is being underestimatedecause of the exit from the workforce of millions of discouraged workers and young people. they have been shut out of opportunities things to what he calls a growing experience cap. gap.perience >> not only are there not jobs, but a lot of younger students coming out of college are opting to start their own businesses. a's not that there aren't whole lot of jobs. people are creating jobs, not just for themselves, but for other people. we come in and help accelerate that process and give them advice, support and connect them with investors. >> why technology? >> when we look at our economy and where things are going, it's a fast-growing economy and it impacts the local economies. technology is really something that cannot only impact main street america and the world we live in as a whole. >> we mentioned that you launched in 2000 11. raising nearly $13 million in capital funding. who is providing this capital and how is it being used? >> it is mainly angel investors. early stage capita

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. >> to think about the inflection point of when you started bloomberg lp, what you thought it would be today. >> i don't think -- i don't think anybody that starts a company really has time to think about that. because at the beginning the question is can you make the payroll next week? will anybody buy your product? how do you find a lawyer and an accountant. can you afford the rent? should you take a big enough place for growth, something you can afford now? i suppose people have walter mitty dreams of being a big empire. i don't really remember doing that. people keep saying do you miss being mayor? i don't think back and i don't fantasize for the future. tomorrow is going to be the best day of my life. i know it. i've always believed that. but i don't think about the day after tomorrow. >> over the past year, there's been questions about the journalism going on in china and whether the company in its effort to grow has muzzled some of the anti-government -- >> i would stand up for the quality -- i've always been phenomenally proud of the job matt winkler, i think we have 2300, 2

the chairman of bloomberg lp is the nonexecutive director of glencore.irst-quarter operating profit fell by a high single-digit number. they were impacted by weakness in difficult market conditions that began will continue into may. shares of tesla falling in after-hours trading as sales of the model last came in short of the highest analyst estimates. for batterieslies and china shipments would hold deliveries to about 6400. welcome back to "countdown." i'm anna edwards. >> the ecb and the boe making decisions today discussing several options. is it time for the ecb to pull the trigger to tackle deflation or not? i probably not this month, expect. but something is probably coming. thatxpectation, wisely, is there will not be anything to unconventional happening ahead of the european elections but at some stage unless the increasing unlikely situation of prices are starting to accelerate occurs, then i think we will have to see something from the ecb to tackle the issue. calexico even after the may elections though quantitative easing will be a tough pol

. >> will disclosure, is the founder and majority owner of bloomberg lp.s in hong kong and it happened. here.re you were downtown. >> i was standing outside the south tower when it they'll. i was just lucky. a lot of people around me died. >> are you going to go? >> i will build a go for a long time. it seems compelling but it will take a while before i can go. >> i was in boston. nothing like what you went through. michael mckee was there. i was in boston. i have trouble visiting the site. we do the opening of the memorial, michael mckee ni. could barely get through it. >> i was sitting at my desk and my phone rang, and it was my at the worlds down trade. i called the i.t. people said, fix the phone. little did i know the phone was shorting out because of what had happened. >> do you think they have done it right within the wonderful reporting in the newspapers and images? did they get the tone right? read, best article i've this was the one written in "the new york times" a year afterward. it was sort of a direct play on the eb white sa "this is new york

lp, mayor of new york city, mike. he gave an important speech yesterday at harvard and pushed back against the politically correct crew. michael bloomberginues the trend i have seen him do as clearly supported the muslim meeting place by the world trade center a couple of years ago. whatever your politics, consider his speech at harvard. we usually don't talk about what he does. student sevenlege protesting against commencement speech yours. this goes right to the heart of the protests in the 1950's down south. >> we had a commencement speaker who was a heart surgeon and nobody listened to him. i am not a stressed about this as michael bloomberg is because the kind of people that have been turned down like christine lagarde, condoleezza rice -- they don't want for a speech. they have plenty of opportunities to speak. my understanding about the protest at rutgers was not that they did not want to hear what condoleezza rice had to say but giving her a chance to speak was condoning a life's work to did not agree with. >> you pick somebody and you go with them them and it harkens back to when i was in school. i am with mike on this, this is