bob, first to you, do you agree with mike collins's estimate? bob: i do.hen you look at corporate profitability it still looks good. leverages going up, but companies are doing the smart thing. we look at the high-yield market in particular -- and under your talking about increased supply -- this is a great market. in 2026% of it defaulted away. the remaining 94% are great companies. by the way, you are not buying them at yields low 5%, where you were at the start of the year. you are buying these above 7%, with default rates still below 1%. there are a lot of pension funds thinking, 7%-something yield does diffuse my liabilities. let's add some. jonathan: what is the scope for tightening spreads now? we have had a couple -- we have had some in the last couple of weeks along. i would love your perspective, because rick rieder essentially agreed with the idea that any tightening in spreads, any loosening in financial conditions from here, could be perceived by this federal reserve as an unwarranted easing and one they might have to lean against. what would

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one is that bob as ultimate patients. if you go into an interview with bob, it doesn't matter how many handlers are there saying last question last question. bob will continue to ask more and more questions. he won't get up. he has an iron rear end. [laughing] and the second is he always asks for documents. do you have memos? do you have journals? do you have files? that's the technique. i want to close on a couple of questions about watergate characters. one, start with you, bob. the obvious question about mark felt as deep throat. how essential was he in the reporting that you did? in other words, the question, would nixon have survived without the case being revealed? what would've happened if there was no mark felt or deep throat? and was he as maddeningly cryptic in real life as he was on the screen? >> oh, yes. definitely. carl and i went to see them after and he was elderly and using a red sport jacket, remember, but you know, one of the things carl and i learned about this partnership, and we only framed it this w

and it was made with nixon and john mitchell, bob haldeman and bob finch, all his advisers. so, that's what i know. i'm not an expert on that, so you might want to begin with somebody else on that. >> who? [inaudible] yeah. >> thank you, dwight. we have a question right over here. >> hi dwight. you mentioned early on that the nixon administration was known for two things, but they accomplished so much both domestically and with regard to foreign policy. what was left on the table that was not accomplished because the second term was so inundated with watergate? >> well, i'm standing up here and, very honestly, the person to answer that is in the first row. and that's larry higbie. but let me try. nixon had a plan underway to completely reorganize the federal government. he had a commission called the ash commission. they were going to come in and they were going to take that government apart and put it back together in a more logical way to run it. it was one of the great tragedies of watergate that they were not able to implement that plan. >> perfect, thanks dwight. senato

bob and corals journalism prove them wrong. they're reporting fueled a massive senate investigation that led to 48 criminal prosecutions and richard nixon's resignation, showing the world that our democracy, event the most powerful person in the land, the president of the ended states, it's not above the law. here at the washington post, we are incredibly proud of the reporters who work every day to uphold this legacy and provide the transparency and accountability that democracy requires. it is now my pleasure to introduce you to three journalists who represent the very best of the washington post -- dan balz, bob woodward, and carl bernstein. >> the story started on a saturday. that means that big shot reporters like their weekends off. you have the youngsters who are generally in there on saturdays on sundays. that was true for this story. woodward and bernstein were too young metropolitan reporters who were working that day. i mean, that is how they got the assignment. what they did with it was something else. >> therefore,

bob went to see him, took him out to lunch, barely knew who bob was. he was so far gone he cannot consent so we did not do it. the family to vanity fair, published it lay vanity fair. -- in vanity fair. i was in an editor's retreat. they all had to listen to me. everybody's phone goes off. we all turn it off except for dawn because he figured someone was calling him in the middle of this media must be important. he goes outside, there's a big picture. i see them out there and he goes -- [laughter] it was bob woodward on the phone. he told me about the vanity fair piece. he wanted me to identify him because he stilled and have his permission. i raced back to washington breaking many speed limits were not getting arrested. i told bob, it is over. so we did everything. bob had written a book about his relationship with him and that is why he was probably reluctant because he wanted his book the way was revealed. >> he never did that again? >> no. >> ok. what is the most enduring more important or significant legacy of watergate in your view? giving your p

bob: no. am looking around and i see that person and their name shows up on my screen. oh yeah, that is that person's name that i recognize at a tradeshow. you see all these people out of context and you cannot recognize who they are, but they are in your contacts. or you are traveling somewhere and you say what is that, and you look at it and it tells you. it is not necessarily gives you all that stuff in 3d, but it overlays, enhances your visual experience. emily: bob o'donnell, we're going to talk in a year and see if your predictions are true. thank you so much for joining us. good to see you here in person. and thank you all for watching this special edition of "bloomberg technology" live from wwdc. we have got a great show coming up tomorrow as well. max levchin will be joining us to talk about this apple pay later situation and more. this is bloomberg. ♪ psst. girl. you can do better. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with

there's my friend bob woodward bob. i won't bob and carl to come up just a minute because i got to tell you guys what to do for a change. come on up here. they well you all right, you boys are at it. three minutes supposed to say something. we were not expecting to speak. and i'll just say the following. this was a triumph of democracy. what occurred in this room? and and every aspect of this country's great culture was involved. press the legislative branch the judiciary both parties supreme court and it worked. and i think if that were to be the legacy of watergate. this would be a moment. of greatness that we lack today. thank you. i remember after carl and i had done our stories in the washington post and most people did not believe them. they thought it was inconceivable and i got a call from senator irvin's office since it come on up want to talk and so went into his office and he said we're gonna investigate watergate mike mansfield had selected him to do it and he said gee we'd like to have your sources. and i s

bob woodward is somewhere hiding. or did he leave? there is my friend, bob woodward. bob? i won't bother -- come up just a minute. i've got to tell you guys what to do for change. come up here. i just saved of a cap in the fall of [applause] [laughter] all right, you boys are at it. -- >> we supposed to say something? we weren't expecting to speak. and i'll just say the following. this was a triumph of democracy, what occurred in this room. [applause] and every aspect of this country is great culture was involved. press, the legislative branch, the judiciary, both parties gore, the supreme court, and it worked. and i think if that were to be a legacy of water being watergate, this would be a moment of greatness that we like today. thank you. a [applause] >> i remember after carl and i had done our stories in the washington post, and most people did not believe them. they thought it was inconceivable. and i got a call from senator urban's office that said, come on up, want to talk. and so i went into his office and he said, we are going to investigate watergate. mike mansfi

bob woodward is somewhere hiding. or did he leave? there's my friend, bob woodward. bob. [applause] i won't bother him to come up here -- but i've got to tell you guys what to do for a change, come on up here. come here, bob. [applause] all right. you boys are added. three minutes. [laughter] >> we were not expecting to speak. i will just say the following -- this was a triumph for democracy, what occurred in this room. [applause] and every aspect of this country's great culture was involved. the press, the legislative branch, the judiciary, both parties, the supreme court, and it worked. and i think, if that were to be the legacy of watergate, this would be a moment of greatness that we lack today. thank you. [applause] >> i agree. [applause] >> i remember, after carl and i had done our stories in the washington post, and most people did not believe them -- they thought it was inconceivable. and i got a call from the senator's office that said, come on up, i want to talk. so we went into his office. and he said, we are going to investigate watergate. mike mansfield had s

bob: coming back to your point about slowing growth. yet to realize, the estimate of 2.8%, that is going to be revised down. we are probably going to end up with 2% growth. they face the challenge of elevated inflationary expectations, weak growth. the previous guidance, we are going to raise by 25 basis points in july, that is not enough. they need to possibly do more. francine: where the bank of england tomorrow, -- we have the bank of england tomorrow, is this going to be divergence play ? we've seen a lot of princi's move on the back of it. -- currencies move on the back of it. bob: point number one, if the fed goes by 75 basis points -- we had this conversation last week it was clearly 50. it has shifted in the last days. if they only go up by 58, credibility may be damaged. they almost have to do 75 basis points to maintain credibility. coming back to your question on sterling, it is a challenge to find any economic indicator on the u.k. sterling his weekend .87 against the euro. -- sterling has weakened .87 against the euro. very

bob: that's a great point. actually think what's really interesting is that if you look at some of the meme stocks, particularly gamestop, the headline is raising our -- raising rates, inflation. we know that story. therefore meme stocks are not important to the marketplace. why? retail is on the long side of the market. what we are seeing is that gamestop is incredibly important to return, and it is actually i would say one of the top five stocks that are actually driving hedge fund return. what does itron want to do? they want to make--what is a hedge fund want to do? and want to measure sentiment. sentiment means different things to different people. send it is not buying in the institutional investment land. what sentiment means is the best long paired with the best short to give me the best risk. that is how people are using our analytics, is to map the market structure and find the securities that have the best return profile and put those on. they are actually doing that. jon: before we let you go, speak

bob, we're just learning this for the first time from the times.s your reaction. >> well, first of all, you can't tell, but what we do know is that the january 6th committee and the justice department in their own way which is much more cautious, they are relentlessly and aggressively, and i, quite believe, thoughtfully, going about trying to get to the bottom of this and if you go back to watergate, and you look, carl and i were able to do some of the stories and piece together the outlines. quite frankly, thanks to carl who found the bookkeeper, so we got on the trail of the money which was the path, ultimately, to nixon, that, so, they're proceeding in their way and i've been impressed with the people involved in the seriousness. but you learn things two, sometimes months, sometimes year later. in watergate, if you'll indulge me for a moment, it was two years after watergate or at, after nixon resigned that the senate watergate established that part of the espionage and sabotage campaign nixon was running, they had hired senator muskey's chauffe

( laughter ) ( applause ) bob, carl.t's been way too long ♪ ♪ i got to get back in my zone ♪ ♪ ooh wee ♪ ♪ hey ♪ ♪ hey ♪ ♪ alright ♪ ♪ come on ♪ ♪ come on ♪ ♪ 3... 2... 1... ♪ ♪ you know i'm feeling too good to be cooped up ♪ [ music stops ] ♪ hey ladies, don't we look good? ♪ ♪ we came to have a good time baby ♪ ♪ said i'm feeling too good to be cooped up ♪ ♪ me and all of my girls gonna tear it up ♪ >> stephen: performing "blame it on me" from her album "just like that," bonnie raitt! ♪ ♪ ♪ ♪ ♪ ♪ ♪ blame it on me ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ blame it on me hold up my faults ♪ for all to see truth is love's ♪ first casualty blame it on me ♪ blame it on me it's not the way ♪ love's supposed to be well, how can you so casually ♪ blame it on me? blame it on stars ♪ shining like headlights from a million cars ♪ strung like jewels from here to mars ♪ blame it on stars blame it on time ♪ the fugitive, the vagabond it's the perfect crime♪ hands and mine ♪ blame it on time how can you talk that way? ♪ ♪ ♪ ♪ ♪ ♪ how can you talk that way

bob: the default situation is more about legacy banks. very much a technology play, and we love that. most everything we have been doing in the last couple of years has some kind of attack angle. by that i don't mean crypto necessarily, but advisory platforms that have some kind of database or technology platform. we've got some things in insurance where that technology is allowing them to connect more directly. so, i think technology is just transforming so much in financial services and it's particularly allowing things to grow outside of what you and i consider legacy banking. francine: what are some of the valuations in technology? they have come down in public and private markets, does that mean you can find more bargains? bob: when i think of the technology we are investing in, or businesses that have a technology edge, the valuations weren't really up because of the technology advantage. on the crypto side, people are using these phrases all over, valuations are down hugely and only platforms like circle, who have really underlying

later we heard bob woodward had audio saying it is nothing like the flu.he was on record or in private, saying the opposite. do you have evidence of that about this? >> i won't go into -- i don't want to go into the evidence we haven't put out yet. let me tell you my belief that i can say right now: the president absolutely tried to overthrow the will of the people. he tried to do it initially through misinformation, through pressuring vice president, and then on january 6. he was told repeatedly by people he trusted, that he respected, people like the folks around him, that the election wasn't stolen. that there is no corroborating proof of any kind of a stealing or corruption that would change the outcome. and so i think it pretty obvious he knew, but he didn't want to lose. >> dickerson: let me ask you about pardons. how many pardons are we talking about? and why were they asking for pardons? >> well, look, more of that is going to be released this week. in fact, we're going to talk a little about that in my hearing. why would you ask for a pardon? let'

(music throughout) >>> what do we need to know, bob?porter: we want to get here before the parade starts and you might want to get here at least a hour or two before. the parade starts in about 4 1/2 hours at 11:20. you can see some of the balloons and to the right, you can see fans are starting to show up to find their spots along market street. this is market and drum and it will be going up market street to eighth street for 1.4 miles. unlike previous celebrations we saw with the giants and warriors, this will be a rally. here in san francisco, that has always been at the pacific center. you have them when they started into the city. reporting live in san francisco, bob rendell, today in the bay.. >> thank you for telling fans to get there so early and we posted everything you need to know on the website. if you are going in person, go to nbcbayarea.com and go to the trending bar as well. >>> meteorologist cary hall, no pressure, but we are looking for some stuff.. >> highs will be in the mid-70s. bring the water bottle and sunscreen

bob with allied lehman. barbara, how you bob? wonderful for dana. wonder was he me go with him of yeah, it's a while when does he get a haunted her mom did. did they found frances? oh my goodness. also who was holding is to go more. oh, sure. sure. to missouri she will some, most likely because she doesn't feel a pro fee to do do do her crew to can you can she sure for the june, for his all we're usually to hardcore by the door. they caught or feel going for the been all do of a joke group. no more. your tablet person is notorious for putting this whole fish . it was whole feasible default to follow is also the shape of some even more you about latrecia ah, a all senior jihad camilla, senate my chair, her dentist, them they knew that was all the say latoya may effect, you might immediately give up other to lodge ads but by default on b, is it a preschool mean guess john coleman this day off? it can vary upon casa ology. muslim occupation is remarkably them on that my lad, in america his, her last me hello. h

you know, season cuts even you, we will see, you know, he does show with ally, advise you my bob bob with allied lehman. barbara, how do you, bob? a dana wonder. can he me get on with him again. it's a while. when does he get up? haunted, armando, did the van ponce? oh, my goodness. awesome. who's holding a guest? we'll go more. oh, sure, sure monsieur. she was home. most likely because she didn't feel a pro fee to do do do her crew to can you can sure. for the june, for his all we're usually to hardcore by the door. they got or feel going for the been all do of your crew no more. your troubled passions notorious for putting this all fish. it was all feasible before devalue is also the shape of some even more your fellow asia, ah your we're our senior jihad camila senate my chair, her dentist, them they knew that was all the say. latoya may, if it's more immediate, we're about bubba diligence, but by default on b, is it a preschool mean guess john pullman to stay off? it can vary on casa ology. muslim one could be asian, asian, would you be the man that my law did america? her his he

the bob dylan center! cheering.ive or take, about 100,000 items. we have an immersive film experience that places visitors in greenwich village in 1963, say, or on stage during the rolling thunder revue tour of the 1970s, enveloping visitors in projection and imagery and sound. from there, you go into the six songs, where you can learn so much more — again, because we have these materials in the archive about, say, the writing and recording of tangled up in blue. oh, my gosh, look how tiny he had to write! i had no idea it would be so tiny. one might think that perhaps a centre of this sort, focusing on a figure who's been so important to american music, might find its way to, say, a los angeles or a new york. but dylan commented on responding very positively to what he calls the "hum of the heartland". dylan likes the vibe of tulsa, he's played here many times over the years. the bob dylan center is just the latest opening in tulsa's recent cultural revival. a city with a rich musical heritage. teresa knox is a pro

bob and carl were alone on that story for many months. they had done the work. they had applied issue leather. they were able to produce stories that nobody else seemed to be able to get. every reporter likes to be first on a story and head on a story, -- ahead on a story but it can , be a little lonely if you are the only ones doing it, and there are not a lot of others who are essentially quickly confirming those stories. there was certainly nervousness at the washington post. if you read the histories of that era, there was nervousness at the washington post about why is it that we are the only ones who have this? there was a very important moment in the fall of 1972 -- walter cronkite, the anchor at cbs news, a very trusted news source, devoted 14 minutes of one of his programs and 8 of another of his nightly newscasts to the watergate story, and that brought it to public consciousness in a way it had not. it was very important, obviously, for the washington post, but it said to the country this is a story that you should be paying attention to. host: jeff o

bob.ob: my pleasure to be with you. thank you. judy: president biden promised to do everything in his power to protect abortion access after the supreme court overturned roe v. wade. in the days since that historic ruling, pressure from democrats in congress and from outside advocates has been mounting on the president to take executive action as some states move to restrict and ban the procedure. to help us understand what choices the president has and what comes next, i'm joined now by our white house correspondent, laura barron-lopez. laura, hello. laura: hello. judy: so you have been spending some time looking at this. we know the president's options are limited. they're not endless. he is getting this pressure from democrats in congress, outside advocates. give us a sense of what they're pushing him to do and what's realistic. laura: right. so the president is abroad this week, as we know, judy, but he's facing so much pressure to act quickly and to act -- to get creative about what k

bob, let me start with you. much of the former president's time in the white house, donald trump's, was about, in some ways, it seems, provoking violence. was this the first time you've heard through testimony, however, about him actually resorting to anger and violence himself? >> yes. it definitely is. i'll tell you, one of the things that struck me, if i may say in all of this testimony, it connects to john dean going back to nixon 50 years ago. cipollone, the white house counsel for trump, if you follow the testimony and other things that have come out, he's just running around the white house bursting with, don't listen to donald trump, don't do what the president says, i'm worried about this, i'm worried about that, and carl and i were speculating today with knowledge that one of the things the white house counsel does is sit in on national security council meetings and is involved in some of the most sensitive issues. if i recall correctly, john dean, as he was coming out against nixon, socked away some t

at 29 years oldz, bob suffered a heart attack. his career and life were at a crossroads. >> to be perfectly honest, when i was diagnosed with having had a heart attack at 29, i was angry with god. i was very disappointed. i had worked really hard. i had climbed the ladder of success. >> reporter: bob never stopped being a journalist but at his mother's suggestion he traded the newsroom for a classroom. >> she was the first one to say to me, what did you minor in in college? i said, education. and you liked that. i said, i did. and she reminded me i used to line up my teddy bear asks teach them, as a kid. >> reporter: during his career, including three decades at san jose state university bob earned a reputation for his tough minded teaching style and thought provoking classes. >> for some people i have actually had to give them an f as a grade knowing very well from their transcript they never had one in their life. >> i remember our first quiz or first exam he gave me an f, i thought i was coming in knowing everything about news

chair, bob wachter. stay withent, chair, bob wachter. stay withent, i wondered what my case was worth. so i called the barnes firm. when that car hit my motorcycle, insurance wasn't fair. so i called the barnes firm. it was the best call i could've made. atat t bararnefirmrm, our r inry a attneysys wk hahard i could've made. atat t bararnefirmrm, to get you the best result possible. call us now and find out what your case could be worth. you u mit bebe sprisised ♪ the barnes firm injury attorneys ♪ ♪ call one eight hundred, eight million ♪ dion: just in time for the lid uptick in covid cases, president biden has encouraging news about protecting the health of our youngest. ucsf department of medicine chair dr. wachter joins us to talk about that and answer your covid questions. it is strange not having you and your wife with us. how has her covid recovery gone? how is she now? dr. wachter: it is not great, she is four weeks out and she still is pretty fatigued every afternoon. she is a very busy working journalist. you know what that is

and, bob woodward put his nose right on it.section 371 of the criminal code, which forbids frauds against the united states, and this was -- it showed deceit. it showed an intent to deceive, to use deceit to impair a function of the lawful function of the united states government, by the fact that trump was told repeatedly that the legal theory on which he thought he could get vice president pence to defraud electoral votes was completely bogus. let me take a step back here. this isn't the only way you can prove donald trump's criminal intent in that regard. on monday, we had the hearing where it was shown that trump was repeatedly told that all of his electoral fraud claims, the facts on the ground, were false. he was told repeatedly that he lost. he was told repeatedly that, no, dominion thing is bull as bill barr said. he was told that by multiple people, he lost 60 lawsuits, he had no reason to believe that factually he had won that election, he had won those contesting states. now, yesterday, we saw he knew, had to have kn

so bob murray's story. he went into the coal mines when he was a young man went to ohio state got a degree in in mine engineering graduated back to valedictorian of his class. i think his class had seven people in it. so not as perhaps of preston as it sounds but impressive nonetheless. went to work for north american coal company on the nation's largest coal companies at a time in the 1960s and 1970s when the locus of coal mining in the united states was shifting from underground mining and appalachia to surface mining in the american midwest kind of upper midwest. right? what we think of is the powder based in particularly. this is an area where there is a massive amount of coal, but the coal is of low essentially of lower value in terms of burning it then then it is here in the east right? so there's that trade-off bob worked his way up. in the north american coal company, you don't really the historical record doesn't really say much about him aside from the normal things a co-executive would have until

john dean, bob woodward, carl bernstein, thank you.'t forgot carl's latest book, "chasing history, a kid in the news room is available now. "the. >> and the all new original series, "watergate blueprint for a scandal" premiers at the top of the hour only on cnn. we'll be right back. and economic adjustment chargrges. but there is a solution.n. right now, when you switch your famamily to t-mobile magenta max you can get up to a $1000 dollars and you'll get t-mobile's pricelock guarantee. they won't raise the rates of your rate plan ever. because you are entitled to more. if you've been impacted, act now. you may be eligible to recieve up to a $1000 dollars from t-mobile. and you should listen to me. i'm a british actor. with angi, you can connect with and see ratings and reviews. and when you book and pay throug you're covered by our happiness check out angi.com today. angi... and done. get ready - our most popular battery is even more powerful. the stronger, lasts-longer energizer max. ♪ ♪ 100 years ago, a beautiful empire built on bla