david: wow. really knew john mcenroe as a tennis player, but when i practiced law, the office next to mine was held by man named john mcenroe senior, and he always told me his son was a high school tennis player and was really good, but then i finally realized he was not exaggerating. [laughter] david: let's talk about golf. a man named tiger woods came along and you signed him up relatively early in his professional career, i guess at the beginning of it, so was that hard to convince him to do this? phil: tiger woods, you could see him coming from way back. won three u.s. amateurs in a six-year span from the time he was 15 to 20, so he would play occasionally in the portland area and we would always invite him and his father out to lunch, so we were working on that for three years before we actually signed him. david: when you signed him up, he wears your shoes exclusively, but you also then began to make golf equipment as well, so you make golf balls and golf equipment, but now you are out of t

david: did you get an a on it? phil: i did. david: then you graduated.pite this great paper, no shoe company hired you, and then you didn't have the silicon valley venture capital world, so you did not get a job there. you went back home and became an accountant, is that right? was that exciting for you to be an accountant? phil: no, i didn't ever plan to be an accountant for 50 years. i talked to a lot of people about what i should do and i was kind of a finance major at stanford. they said there really is no such thing. you should get your cpa certificate. that will put a floor under your earnings. that's what i did. david: you went by yourself on a trip around the world? phil: i started out with another guy, but then he got waylaid by a girl in hawaii. i went on alone. [laughter] i did not have that problem. david: when you were in japan, did you not stop in to see a shoe manufacturer? phil: that was part of the idea inspired by the paper that i wrote, that i would call on japanese shoe manufacture to see about importing their shoes in to the united s

david: i will go get some.hen you realize you can't take it with you and it is better to give it away? phil: it was late in the process because i kept thinking it was all going to disappear. i'll reset if this is a dream, don't wake me. david: when you give a $500 million gift, you write a check out? is it hard to give that money? phil: yes. ♪ david: you are one of the wealthiest men in the united states and the world, and also one of the biggest philanthropists. when did you realize you just can't take it with you and it is better to give it away? at what point do you say i have to do something with this other than hold onto it? phil: it was fairly late in the process because i always thought was going to disappear. i often said if this is a dream, don't wake me. as the years went on, it seemed more real, so as i got older, i said to me can take it with you, but i wanted to focus on three-four main charities. david: to the university of oregon, you have given a couple of hundred million dollars related to athl

david: ok. was not going to vote for hillary clinton, as some of my republican friends did. and i became optimistic about some of the opportunities in economic growth and regulatory reform. david: has donald trump invited you to visit him? did you know him before he was elected president? paul: i did not. i invested in his bonds a couple of times. [laughter] david: those were high-grade bonds? paul: they were on the date of issue. [laughter] david: they later became high-yield. paul: and below. [laughter] david: so, have you seen him since he is president and given any advice? paul: i visited the white house a few months ago and we chatted a little bit about taxes and economic policy. david: you have raised a lot of money for public institutions, do they listen to you? do they say thank you for your ideas? or they do not do that? paul: that is not the way it goes. their problem, let's be humanists, their problem is they are subject to all kinds of forces, all kinds of pressures coming from 360 d

david: really? phil: no. [laughter] david: ok. obviously, if they are good enough they demand an endorsement fee from us or whoever. whoever they are going to wear. other than steve, the one that comes to mind is michael johnson at the 1996 olympics in atlanta, he wore the gold shoes which lifted us significantly. david: you made those shoes? phil: uh-huh. david: early on, you had john mcenroe, he was one of your players. and from time to time he would lose his temper, and would that reflect poorly on your shoe? this image was a great tennis player, but sometimes he would lose control, some people might say, and that did not bother you, or did it actually help sales? phil: the latter. david: oh, it did? ok. phil: no, i -- he had a bad temper. but always remember that arnold palmer had a bad temper too, but he would keep it in control. but you could see him standing there ready to lose it. john went over. he was the arnold palmer who did not keep it in control, but he was probably the most exciting player of his era. and in private

david: i am. ♪ yo-yo: that's it. david: wow. great. yo-yo: you did it. david: i'm ready.d: thank you very much. ♪ . . ♪ stephen: welcome to the industrial northeast of china. the theme of the annual meeting this year is inclusive growth in the fourth industrial revolution. but geopolitics, mounting debt, and protectionism are threatening the global outlook. the summer edition of the world economic forum brings together more than 2000 people from 80 countries. leaders in science, technology, and other innovative industries, searching for new ways to create meaningful jobs and sustainable development.

david: it's perfect. yo-yo: some people say yes. david: you have an older sister. was playing the violin, if i understand it. so your father said, he was a music teacher, why don't you play the violin as well? so why did you not become a violinist? yo-yo: well, first of all, my sister played much better than i did. and there is actually something i think in each person that is innate in terms of the kinds of sounds you like. you know, um, so for example, i somehow didn't think i could make a good sound on the violin, but -- so i did not play any other instrument for a while until -- i did not even here the -- hear the sound of a double bass, but i saw one and thought as a four-year-old, that is a big, big giant instrument. i want to play it. as four-year-olds might do. david: ok, and -- yo-yo: so i started saying, please give me a double bass. i want to play it. there was no double bass i could play. the cello was the next best instrument. david: so you started playing, and did you notice other children your age were out playing while you were practicing, and did t

david: wow.ever really knew john mcenroe as a tennis player, but when i practiced law, the office next to mine was held by man named john mcenroe senior, and he always told me his son was a high school tennis player and was really good, but then i finally realized he was not exaggerating. [laughter] david: so, let's talk about golf. a man named tiger woods came along and you signed him up relatively early in his professional career, i guess at the beginning of it, so was that hard to convince him to do this? phil: tiger woods, you could see him coming from way back. that he had won three u.s. juniors and went on to win three u.s. amateurs in a six-year span from the time he was 15 to 20, so we -- he would play occasionally in the portland area and we would always invite him and his father out to lunch, so we were working on that for three years before we actually signed him. david: and when you signed him up, he wears your shoes exclusively, but you also then began to make golf equipment as well,

david: i am. ♪ d, e, f, g, ♪ yo-yo: that's it. david: wow, i did it. i'm ready. thank you very much. ♪ ♪ yousef: france weights into the gulf crisis. minister calls for anding the siege food >> that it is unfair to call the recent efforts by rex tillerson a failure. yousef: and the next fed rate heart -- rate hike you'd >>

david: not bad. brian: not bad.: when you joined the company, did he say start at the bottom and work your way up, or did he say you could start at number two? brian: that is what i wanted to happen, but he put me through a wonderful kind of de facto training without either of us talking about it that way. so one summer i climb poles and learn to be an installer, had real trouble holding a ladder. i was weak and 15 years old. one summer i sold door-to-door hbo and cable subscriptions in some neighborhoods, and then another summer i went and sold muzak, installing and selling. when i got out of wharton school undergrad, i was a finance major and thought let's go do deals. he said, no, move to trenton, new jersey. i never worked in cable. that was one of my later businesses in life. my dad was in his 40's when he started comcast. that is a great lesson for people. if you have not found your thing yet and you are 40 years old, it is not too late. many people think it is way too late, but he said i will never know this

david: so you started playing.ou notice other children were playing while you were practicing, and did that concern you? yo-yo: i didn't practice a lot. i had a father who was a gifted teacher and thought about a lot of things, and one of the things he thought about was efficient practicing. so for example, the first piece of music i played was this piece. ♪ yo-yo: ok. it sounds a little like -- it's kind of fast, lots of notes, but can we make it simpler? david: well, i'm sure you can. yo-yo: no, but i am sure you can. what is the first note? it is this. the second note is this. the third note is this. and there is one fourth note, ok, now this is the first four notes. now let's listen to what happens. four notes, and the next four notes are -- ♪ yo-yo: wait a minute. i heard those notes before. if i know how to play the first four notes -- ♪ yo-yo: it's just a permutation of two of those notes. david: you make it sound easy, but it's not easy. yo-yo: no, but anybody can do that. we will do that later. david: let'

david: you have 220,000 employees.u tweet to keep them informed about what you are thinking any hour of the day? [laughter] mary: i have a facebook account and i do have a twitter account. for those of you wanting to communicate with your organization, i have found it to be an extremely effective way to communicate and just share what's going on. and also interact with employees that are doing great things and capture that either on my facebook or twitter account. i find it a very effective way to communicate. david: you have been ceo for a relatively short period of time. at some point, ceos retire. at least that is what they say. when you do retire, what do you want to do afterwards? would you go into government? if the president said i want to be secretary of this for that, would you go? mary: i would not. i have a job to do for many years, hopefully. i serve at the pleasure of the board. i'm so excited about the technology we are working on. i would say that when i'm done doing that, i will probably focus on sleep.

david: ok.cticed law in new york and in washington -- paul: sad to hear it. [laughter] david: when i gave up the practice of law to go into business my mother said, you , went to law school what are , you going to do? what did your mother say when you said "i'm going to give up practicing law." she said no? paul: can you earn a living? [laughter] david: you started, you are working out of your apartment. what was the strategy that you used to get off of the ground? paul: a tiny bit of context. my dad was a retail pharmacist and after i started attending law school he said, you have to learn how to be an investor. he and i traded tiny amounts of tech stocks and mining stocks together. $2000 of this, $5,000 of this. so i became very interested in markets and in trading. and in the period of time from 1967, 1968 through 1974, he and i found just about every possible way conceivable to lose money. [laughter] paul: so when i started elliott in 1977, i was determined to engage in a trading strategy th

david: he is going to win reelection. >> my opinion by a landslide. david: why? >> more have nots than haves. when you castigate, make evil people who are successful, call them evil rich, i call them inspirational successful, when you make that person bad, the get more votes. david: markets don't seem worried about the protests or anything else. tax reform soon, he's manning of independent women's forum joins us with the cofounder of maxfunds.com and gary b smith. let me start with you. markets moving up, jobs still moving up, more jobs numbers, what is to worry. >> the economy is more flatlined than the jobs report indicates. the problem i discussed yesterday was wages are not going up. apart from that, what is to worry? nothing gets done in this administration. if we don't get tax reform, don't get healthcare reform, a lot of basis of this rally, the trump rally goes away. that is the concern. david: what we also don't have is a president who is interfering with the markets every step of the way as we did in the last administration. we have a president who is a

david: right.: so when i got out of wharton school, undergrad, i was like a finance major, and i said, let's go do deals. he said, no, move to trenton, new jersey. i never worked in cable. that was one of my later businesses in life. my dad was in his 40's when he started comcast, which is a great lesson for people. if you have not found your thing yet, and you are 40 years old, it is not too late. and many people think it is way too late. and he said, "i will never know this business, one that you -- why don't you learn the job from the bottom." so i moved to trenton and learned the billing system, worked the counters when customers paid their bill, and when the truck delivered the new cable boxes, a brand-new system, everybody got out, unrolled their sleeves, and unloaded the warehouse. so i had the pleasure of doing all the jobs, and something for me just clicked. i loved the business. i love being around people. i loved being in management at a young age. david: when you are in business with yo

david: no.hen i went back for my second and third visit with barack, those were what is in the private dining room which is a small dining room a little bit west of the oval office if i have the layout of the white house. brian: not attached to the oval office? david: no, it is a small, private hallway. brian: the reason i bring that up is one of the things you spend a lot of time with is the life around their relationship that includes sex, drugs, both cocaine and marijuana and when the president's office printed, was he surprised and busy -- and did he kick back? david: genevieve cooks's journal from 1984-1985, which she shared with me almost in its entirety. previously she had only shared selected excerpts. genevieve's journal documents just how much cocaine barack was using with his best friends in new york. they are providing it, he is not spending money. that's in the summer of 1985. there is no drug use after that. did anyone object or disagree with that presentation when they read this b

and major david shannon? spend eternity here, just down the road from home in the old military graveyard under the black prairied so and the wind. that's all for this edition of "dateline extra." i'm craig melvin. thanks for watching. >>> america is riveted again. >> o.j. simpson is going to be a free man. >> o.j. simpson released on parole. >> his life story is the american dream and the american nightmare. >> from superstar to pariah. >> he fell so hard. >> being accused of committing the most heinous of crimes. ♪ >> in this hour, the little known story of his life after the murder. >> he's a permanent figure of tabloid fascination. >> the botched robbery. >>e were just robbed at

david: e.e marketeers, people like charlie and myself, for example, was that donald trump's anti-trade talk was going to overshadow his whole economic plan and cause these trade wars. once again we see that his rhetoric is very different from his actions. >> yeah. and it's -- david: when it comes down to, he is actually pulling off some deals, pulling off even diplomacy that we never expected. >> yeah, that's right. and the energy deal he just cut with poland, nat gas, that undercuts russia's relationship with europe and energy trading there. you know, i've got to say that this socialist, magical idea that money grows on trees, this lack of common sense in terms of how they run their governments, it's completely impractical. and i'm still astonished that the socialist strains of thought are still popping up in the united states. it should be obliterated once and for all because socialism is one big money grab. you look at venezuela, tens of billions of dollars sluiced out of the country and sun

david: good evening, i'm david asman in for lou dobbs. he's on vacation. president trump is apparently losing faith that the senate republicans will ever pass their healthcare deal. the president today suggested a brand-new approach. repeal obamacare and replace it later. mike emanuel has the report on the search for compromise. nebraska senator bee ben sasse t a letter to president trump. he expressed his concern republicans will fail to pass any meaningful bill or will pass up something that props up obamacare. he wrote, we can and must do better than either of these. >> what i'm recommending is we give comfort to the american people by repealing the maximum amount of obamacare that we can but add a one-year delay before that would be effective so we get to work. reporter: the gop leadership. >> there will be various proposals, pieces submitted to the cbo to get their feedback and what the impacts will be with respect to coverages and costs. they are suggesting it cannot be fixed. >> the idea is so backward and out of step with what america want and what

david: i am. yo-yo: ok. ♪ that's it. david: wow, i did it. i'm ready. thank you very much.you very much. ♪ a ♪ emily: i am emily chang and this is the best of "bloomberg technology." we're bringing you all the top interviews from the week in tech. dick costello joins us for a wide ranging conversation. an army of tens of thousands of tech companies, we have a take on the fight for net trolley. competitive video gamers get

david: right. >> it also has a pen. david: right.understood why you would use a pen. it is cool. >> if i wanted to i could start marking up, they have integrated, they have really integrated the pen into this i like to you draw personally. this is something you can't do with a mac. david: let me talk about jobs, actually sometimes the market likes it when a company says they will cut jobs. but on other hand we like it when companies are growing and creating more jobs. they have announced they will cut jobs. what is their future there? >> i think they're doing that because of several different reasons. they had a lot of acquisitions even on linked inside. they have duplicitous sale forces with linkedin versus cloud on the other side. there are redundancies. they have a higher headcount than looking at a lot of other silicon valley companies, a lot of tech companies, they are bloated in that regard. that was in guidance from the may developer conference. david: as an investor, you like the fact they're cutting back on jobs? >> they nee

david: really? phil: no. [laughter] the one that comes to mind is michael johnson in the 1996 olympics in atlanta with the gold shoes. david: and you made those shoes? phil: yes. david: early on, you had john mcenroe? he would from time to time lose his temper? shoe?that reflect on his sometimes he would lose control and that did not bother you or did it actually helps sales? phil: the latter. i only remember that arnold buter had a bad temper, too he would keep it in control. john went over. he was the arnold palmer that did not keep it controlled. but he was the most exciting player of his era. in private, he was a perfect gentleman. he was unique. he lost his temper a lot. i did not really know john mcenroe as a tennis player but when i practice law, the office next to mine was held by a man named john mcenroe senior and he always told me his son was a high school tennis player and was really good. i realized he was not exaggerating. let's talk about golf. a man named tiger woods came along. you signed him

david: 12. brian: the reaction? david: he loves it. brian: boy or girl? david: boy.rian: what was his reaction? david: he loves it. he is not read all of it but he has read some of it. he's a very interesting little man, and i'm very pleased he likes it. i have grandchildren who were in -- who are in their 30's, and i have one who is 10. they cover a lot of time. brian: six kids? david: five children. brian: how many of these children and 19 grandchildren and in-laws and all that and he -- have you found to be interested in history? david: i would say probably 75%. they had it pretty well drummed into them. brian: how did you do that over the years? david: talking, and taking them to historic sites. that's the best way to get them involved. and encouraging them to read good books. there is no reason in the world why history has to be dull. no excuse for a history teacher to be dull. it is about people. it is about life. it is about cause and effect. it is about stories. says there isn, no trick to teaching history, tell stories. that's what it is. i think you have to

david: thank you, lori. let's talk about oil and gold, particularly gold has had a jump past few days, i imagine because of uncertainty inside the beltway, no? >> it really is. we're up three days in a row on gold. we're seeing a big move down on the dollar we don't know what the heck will go down in washington. failure of health care bill in stock market, seeing it in gold and safe haven play. you may see it in oil a little bit. you would think saudi arabia dropping hints they would shock and all the market, with caughting the production, what would happen with u.s. economy, put a damper on expectations. news of demand globally is incredible. we got strong demand numbers, dave, out of china. they're exceeding expectations about oil. that should bode well for global demand growth. david: phil flynn, thank you very much. nicole. nicole: we go live to blake burman live at the white house. blake, we've been watching all the action. we know markets came under pressure. dollar moved to a 10-month low. all of this

david: i'm david asman. we're happy you can join us. happy friday. this is "after the bell." more on big market movers. we have a lot to talk about. here is what else is happening this hour. >>> huge shake-up at the white house. sean spicer is out. anthony scaramucci is in. the press secretary turning in his resignation as president trump hires new communications chief, a man quite familiar to viewers of this network. is there another shoe about to drop? breaking details from the white house. drama coming as president urges more action from lawmakers. senate republicans promising a vote on obamacare next week but there is no clear plan yet in place. new warning if the gop doesn't find a solution on health care you can kiss your tax cuts good-bye. melissa: what? i don't like that. back to the market, the dow ending the day in the red as investors dive through latest batch of earnings reports. g. biggest drag on the dow. lori rothman on the floor of new york stock exchange. >> i'm not kissing anything good-bye. even though the dow is downs it is not all that bad. dow trading on

so david calls rr auction in new hampshire. reaction when you saw the magnitude of what he had? >> i was blown away. >> ceo bob eaton can't wait to handle the account. >> is there any collection like this out there? >> size-wise, no. some people have 30,000 or 40,000 autographs, but they don't have signed photographs. >> bob calls in bill white, a handwriting expert with 30 years' experience to make sure all the "i's" are dotted and "t's" crossed. today bill teaches me how to spot a forgery of ronald reagan. >> there are two ways to get somebody's autograph. you either meet them in person or you write to them in the mail. when you wrote to ronald reagan in the '40s, you would get a membership card with his signature on it, and very often a whole handwritten note on the back. >> did ronald reagan write, "dear ruth: golly! it was a swell gesture on your part sending in the dues"? >> sure sounds like he wrote it, doesn't it? >> golly, yes. ronald reagan? >> ronald reagan's mother. >> what? >> reagan's mother, nelle, was hired by t

david: i am. ♪ yo-yo: that's it. david: i'm ready. thank you very much. >> bravo. ♪ ♪ 9:29 a.m. in hong kong. we are counting your down to the start of the trading day. rate decisionrest out of the bank of korea keeping rates on hold. also, trade data from china. on top of that, janet yellen par twotestimony -- part testimony continues thursday. haidi: that's right. asian stocks and bonds extending gains, the dow hitting a fresh record high. it seems like markets have felt like yellen's testimony took on a slightly more dovish tone. taking a look at the inflation that has failed to materialize, and the slower pace of potential ofe hikes, and not a lot details on the unwinding of the balance sheet, but strong gains when it comes to korean markets, the bank of korea staying on hold, but the kospi hitting record highs. hong kong joining the fray, the regional rally, the , chuggingend in asia along, the hang seng adding 1%, rising for a fourth straight day , staying above that key level. lowere stocks marginally ahead of the june trade data. strong exports could perhap

david: okay. that once you get the skinny bill through, then the real work can be done on cutting this amazing expansion to medicaid, which is now the biggest form of government insurance that we have, go ahead. >> i agree with you on the expansion. it's been breathtaking. medicaid is now 47% of my state's budget, louisiana spending 29 billion a year, and half of it is going to medicaid. just a few years ago, it was only 21%. so it has doubled in my state. david: something has to be done. turn to politics for a second. a number of the republican colleagues voted against the repeal measure yesterday, one of them was senator murkowski. >> right. david: she apparently received a phone call from a member of the president's cabinet and some people are saying she was threatened by that member of the cabinet, she won't say. what do you think of the politics of all this in the recalcitrant republicans? >> well, number one, i can't speak for other people. you know, never have worked with me, i just don't.

david: okay.hen he dropped out, did you have anybody next? paul: no. stood aside. david: ultimately, when donald trump was nominee of the party, did you support him then as a nominee? paul: i voted for him. david: okay. paul: and there's -- i was not going to vote for hillary of myn, as some republican friends did, and became optimistic about some of the opportunities in economic regulatory reform, tax reform. david: has donald trump invited you down to visit him? know him before he was elected president? paul: i did not. bonds a coupleis of times. -grade those were high bonds? paul: they were on the date of issue. [laughter] david: they later became high yield? paul: and below. [laughter] david: have you seen him since he's president? have you given him any advice? paul: i visited the white house once a few months ago. a bit about taxes and economic policy. david: you've given a lot of lot of money,a for republicans. do they listen to you? paul: sometimes. say "thank you for your ideas, but i'm h

david? david: good thing. i love melania, they were so intense even melania walking in couldn't break it up. unbelievable. blake burman, thank you very much. reporter: i was saying at inner right now she is seated next to vladmir putin. david: interesting. geography is important. blake, thank you. melissa. melissa: let's bring in former u.s. spokesperson to the united nation and fox news contributor ric grenell. what do you make of the progress we saw come out of this meeting? do you consider it progress? >> i would say big progress, going into this meeting there was a talk of handshakes and first putin-trump meeting but the substance needed to focus on syria and north korea. those are two issues. clearly we have news and diplomatic breakthroughs on both fronts. as blake said, we have this semblance of a cease-fire. i know we had this talk before but it looks like one will start on sunday, a cease-fire inside of syria. that is a really, a remarkable actually, after all that we've been through, if we can get a

david: yes. knew his editor and he told me, he wrote every word of that book. and kennedy, of course, was a great student of history. charlie: profiles in courage. david: yes. on the mantelpiece in the state dining room in the white house there's a quotation first carved into the mantelpiece by franklin roosevelt from a letter john adams wrote to his wife abigail, the first night that he, john adams, stayed in the white house. he was the first president to spend the night there. and he -- roosevelt thought it was so important to be there forever. when the white house had to be rebuilt during truman's presidency, truman made sure it went back into the mantelpiece. and then when kennedy was president, he had it carved into into the marvel part rather than the wood which it had been prior to that. what adams wrote to abigail was, may none but honest and wise men ever rule under this roof. and what i love about it is he puts honest first. and that's -- strength of character is what matters in that jo

david: who knows.and cities, look the way pittsburgh came around once they opened up their doors to business. >> that is amazing, jamie dimon last week was talking to some of his cohorts in the financial services industry, he was saying it is temporary job, not just job of politicians but chief business and economic advisors in the country should be lobbying hard for this. let me play a sound bite from that, get your reaction. >> unfortunately people write about the thing it is for corporations. it is not for corporations. competitive taxes are important for business and business growth which is important for jobs and wage growth. and honestly we should be ringing that along every single one of you talk to a client. david: reaction, art. >> he is totally correct. one tax rate reduction guaranteed to bring in more revenue, corporate tax rate reduction from 35% to 15. jamie is right. every single american should lobby congress to vote for the bill and pass through and signed. it would be be elixir would

david: we do. the dow snapping a three-day losing streak to close up just over 100 points and a huge close for the s&p and nasdaq. they did end at new record highs. hi, everybody, i'm david asman. melissa: melissa francis. this is "after the bell". more on the big market movers. first here's what else we're covering during this incredibly busy hour. republicans clearing a major hurtle. enough members feeling the heat from president trump to unite behind a crucial vote in the senate this afternoon, pushing the gop closer to repealing and replacing obamacare. a live update and reaction from capitol hill on what happens now. and the president wrapping up a press conference responding to the victory from the white house moments ago, saying this is a big step, and he congratulated the american people, but one of the most dramatic moments from capitol hill coming after the vote, arizona senator john mccain returning to the floor after a brain cancer diagnosis. what he said moments ago that got applause f