david: today you are running ftx. you started ftx what year? sam: 2019. david: what does it do? sam: a cryptocurrency exchange is what we call it. it does a couple of different things. if you compared to traditional finance, you have this new york stock exchange, nasdaq, you don't go to newyorkstockexchange.com to send an order. they have other businesses that sit in the front the consumers access. in crypto, all of that gets squashed into one entity. what ftx is, is all of those things. it is a front end mobile website, api, and everything in between. if you want to buy or sell bitcoin, you can go to ftx.com and we offer all services necessary except for buying and selling. david: you got involved because you thought it would be a creative new area to get involved with. was making a lot of money your goal? sam: it was. when i was in college, i had gone through charities i really respected i said, what can i do to help you guys out? do you want me to work for you? they said you could. they'd rather my money than my time. i went to wall street, getting involved with crypto with t

david: you went to m.i.t..id you find people were smarter than you thought were not as smart as you thought? sam: i think smarter than i thought. some part of me had hoped i would be able to live a life -- m.i.t. taught me it wasn't true, there were a lot of other smart capable people. it was interesting and cool getting to know them. david: when you get to m.i.t., did you say it look, i'm going to go out become a multibillionaire before i'm 30? sam: i thought i was going to be a professor, not for a particular reason. i didn't really like academia, that left me lost about what i would actually do. david: what did you major in? sam: physics, technically. i took about the bare minimum. david: what did you really take courses in, math? sam: i minored in math. i took some poly psych classes, i didn't take that many classes. david: when you graduated, what did your parents say to you about what you should do? sam: mostly they said i should do what i wanted and what i thought would be exciting. they would support me

david: you support people in both parties sam: yeah. david: ok.ou would not consider running yourself? sam: that would be an insane thing for me to do as a job as i'm doing the other things of doing. david: do you see yourself doing this for 10 years, 20 years, 30 years like this? sam: i think so. when i get burnt out, i get burnt out when i'm out of useful things to do on a topic. i do not get burnt out from work or stress. david: crypto came along relatively recently. 2009. relatively recently, it is become a big phenomenon. you see any other phenomenon like that that you might get involved with as well? sam: potentially could eventually ai. right now, we are at the stage of ai being mediocre chat box instead of really bad chat box. but that is going to change over time 10 to 20 years from now we may be having a different conversation. david: so i have not bought any cryptocurrencies. i have invested in companies that service the industry but i have not bought crypto myself. let's suppose i set i wanted to buy some cocoa currency. what would you

david: the u.s.-china relationship is the probably the most important bilateral relationship in the world. why is the relationship not in such good shape? do you think it is in better shape than the average person might think? do you think there are signs of hope we can actually get in a better economic relationship with china than we have today? brian: our relationship to china, this has been the president's view since before he took office, has to be based on a realistic assessment of where the chinese leadership is retina. what is in the interest of america and the american economy. one of the things this president did importantly vis-a-vis the u.s.-china relationship was to say the most important thing we can do to have competition without confrontation with china is to focus on building our sources of economic strength at home. one of the reasons why we have prioritized investing in infrastructure, like the semiconductor industry and the chips bill i mentioned before, is that the best way that w

david: and that's where you got it from. marc: yeah. david: wow. ok.ou do the same for salesforce.com? marc: that didn't go over very well, actually. it's a tough crowd-- washington, d.c. that was actually my better material. david: well, all right. [laughter] your background was you grew up in san francisco. is that right? marc: i am a fourth-generation san francian. david: ok. so you went to high school. where you an athlete? were you a star student? marc: i was into computers. really, what happened--is my dad w a small businessman. and his family had a business in san francisco--clothing stores. and he had a major disagreement and falling out with his family and ended up partnering with someone in the south bay. and as part of that, on saturdays, he had a buick station wagon, and he used to load the clothes in. and we used to drive around the bay area, delivering clothes to all the different stores, and i'd have to do the repricing, remarketing, you know, take the clothes out, take the thing off, move them around, talk to all the employees. and i re

david: or infamous.r oldest brother is a very known biomedicine stand known on tv for his views on health care. you are the youngest of the three brothers, is that right? ariel: in the words of my father used to say, god rest his soul, the picture. [laughter] david: that is the dish for small, right? ariel: yeah. david: what is it that your parents did that produced these talented joe drennan -- talented children in different areas of life who have all done quite well? ariel: first, i would say when we were growing up one of the things i tried to do with my kids, my four children, is they let us figure things out. you had to fend for yourself could you had to figure things out. the other thing my parents did was education was crucial. if you didn't perform, then there was punishment. you would be grounded and there was competition of who got the better grades. with those two things, and my father was a workaholic, pediatrician, and you went around with him when he went on rounds. on mother's side, she wa

david: what did your father and mother do?ake: my father worked in the business side of the minneapolis star tribune. that was the major newspaper in minneapolis. my mother was a teacher and guidance counselor in minneapolis public schools. i am one of five. i am the second of five kids. we all went to minneapolis public schools, graduated from southwest high school. david: did your siblings say you're too good, a rhodes scholar, yale law, everything, there are no sibling rivalries? jake: i would say my sister is the most impressive. she is a pediatrician and was a two sport d1 athlete with five kids and is currently working at the department of health and human services on covid-19 and other pandemic responses. so, i am kind of middle of the pack in terms of my siblings. david: there was another person who was a rhodes scholar and went to yale and became president the united states, bill clinton. have you ever thought about running for office yourself? jake: i thought about it, but i think my skills are better suited to publi

david: david: you took dow chemical, renamed it dow, and merged with dupont.nd then you split into three companies, right? andrew: two amazing american, iconic companies. dupont founded on explosive, dow founded on chlorine. you think about the corporate history in both. the portfolios they had were simple and across a range of applications. there were many things to many markets. what the premise of the case was working on the dupont side, would put the two together and separate them into more purer plays. dow materials, the agricultural products, and of course, the new dupont company specialty chemicals and plastics. david: you step down as ceo of dow a number of years ago, did your wife say it is time for you to stay home? now you're running around the world. is she disappointed? or is she happy to have you out of the house? andrew: did she expect me to retire? no, she knows me better. the story on the olympics is classic. it came to month ago, i was in the living room and i got a call from the premier of queensland and he said, we would like to offer you t

david: this is my kitchen table and also my filing system. over much of the past three decades i have been an investor highest calling of mankind i've often felt like was private equity and then i started interviewing. i watched your interview because i knew how to do interviews. i have learned how leaders make it to the top i asked him how much he wanted he said to 50 i said fine i did not negotiate with him. and how they stay there we do not feel inadequate because only the second healthiest -- wealthiest men in the world. ariel emanuel is one of the most import figures in entertainment history in the mid-1990's he started endeavor and built it into being a leading telogen agency form representing mark and -- martin scorsese. i have sat down with his -- with him to discuss the entertainment energy -- industry. you are a talent agent for much of your professional career but now you are running a multi- multinational ash sports-entertainment conglomerate. what is it like running it as public as opposed to a talent agent? ariel: it feels natur

david: that's right. you bought ufc later?: we bought pbr, another was prior to that, then ufc and some other stuff. david: you bought ufc with the help of silver lake, a well-known private equity firm. the ceo helped to get this done? ariel: yes, i was lining people up to go buy img. and he came in and said listen, let me invest in william morris, endeavor, and then let's go after img and create this global platform and go from there. i said private equity will not be able to do that. he said give me three weeks and show me your numbers and i will come back. he and i had known each other through marc andreessen. he came up, made a great deal great for him, great for us. he then got img. then we realize everything we had done was incredible, global, unbelievable building blocks, and then we realized that was in the representation business, the service business, and if we put something we owned on top of it that we could get the full leverage of the platform. i had represented ufc for a number of years. they were going to sell

david: wow.e is a live look at orlando where the hurricane is now heading, about 1.5 million if floridians are now without power all over the astronaut. -- state. even rescue personnel don't feel safe to eventture out, so we won't know the full extent of the damage perhaps until daylight. joining me now is fox weather correspondent max gorden. what is the extent of the damage from your perspective? >> reporter: so right now we are, as you mentioned, along old tampa bay. the wind is whipping, the rain is coming down where we are. but really we are just on the edge of this storm. originally, it was thought that this storm was going to make a direct impact into the tampa/st. petersburg area, but it did move south. we're about 60 miles or so from the if eye of the storm, but you can still see that it is ferocious where we are. now, an interesting thing happened here on old tampa bay. the wind actually pushed the water out of the bay. that's because we are on the north side of this storm. so what occu

david: i have something i want to sell you. [laughter] david: for years andrew liveris has been one of the most important names in finance. currently, andrew liveris is involved in a number of business endeavors, including serving as chairman of the -- of an ev start up company. i sent down with him to discuss his future ambitions. i have interviewed many business people on this show, but very rarely have i interviewed anybody who has interest in so many continents. you are involved in things in europe, and australia, you are a native. you are now head of the olympic committee. andrew: they won the bid last year and i am the president of that. 20 is 10 years32 -- 2032 is 10 years. david: you were the ceo of dow. let's go back to your beginning. you grew up in australia. how did you manage to get todow and the united states -- to dow and the united states? andrew: i grew up in a little multicultural town in australia called darwin. lots of asians, lots of first nations people, so i had this desire to see where they were from and

david: hindsight is always 20/20.dsight, would you have exited afghanistan differently than the way you did? jake: well, at the end of the day, any time you have a circumstance where you are ending a 20-year war in 20 years of decisions and mistakes that have piled up their multiple administrations yes, it would not be easy. there was no clean, easy exit. the decision to go and end the war was the absolute correct decision. where the things we could have done differently? the answer is always yes. there will be time as i look back and reflecting on that period to pinpoint what some of those might've been come about from my perspective, the underlying decision to end the war in afghanistan, which the president took in a quite courageous way, was the correct decision, and one year later, to me, it the time has only reinforced that. david: many people who have held your job burnout after a few years. you look like you're in good shape. you are young. you're the second youngest person at this job. do you anticipate doing

david: you speak greek? andrew: i do. david: is that useful a lot when you speak to the committees?w: it is probably useful for that. [laughter] i think the immigrant back story drove me to work hard. but also, to make a difference. a very american trait. what attracted me to america this very day -- and i will not embarrass you. you are great example of it. -- is the amazing getting back giving back that occurs in this country. a lot of us do not know about it. i talked about the tax-and-spend thing, but on the opposite side, americans are charitable and give and care about making a difference in their community. that is what dow showed me and that is what i and my wife live today. that american way to an immigrant means that for the next immigrant, we can make their life better. david: for somebody watching this and wants to be a successful global business leader, what are the skill sets? is it hard work? learning how to read well? keep continuously reading? be a good speaker? what of the skill sets summary somebody really needs? andrew: one of the things i would add to that list

david: -- david: all right, you bought that. ariel: that's where you and i met. david: that's right. you bought ufc later? ariel: we bought pbr, another was prior to that, then ufc and bought some other stuff. david: we bought ufc and bought it with the help of silver lake, a well-known private equity firm. the ceo helped to get this done? ariel: yes, what happened was, i was lining up people to go buy img. you and i had that conversation. and he came in and said listen, let me invest in william morris, endeavor, and then let's go after img and create this global platform and go from there. i said to him, private equity is not going to be able to do that. he said, give me three weeks and show me your numbers, and i will come back, and if i can make a deal, i will make a deal. he and i had known each other through marc andreessen. he came up, we made a great deal, great for him, great for us. he then got img. and then we realized everything we had done was an incredible, global, unbelievable kind of building blocks. and we realized that was in the representation b

david: david: katie -- david: a new prime minister of the u.k. has been announced. have you met her before? jake: i have met her before. i met here here in the white house when she was foreign secretary. she transitioned from essentially being there secretary of state, to being prime minister. the other day president biden had the opportunity to have a long phone call with her just hours after she had assumed her position. david: do you expect any change in u.s.-u.k. policy as a result? jake: at a foundational level, no. this is a special relationship. the two of them reaffirmed their commitment to the strength and vitality of the u.s.-u.k. alliance. and i think on all of the major issues, whether it is russia or china or iran we will see the same kinds of deep consultation and engagement between the two countries we have seen before, regardless of who is president, regardless of who is prime minister. so i do not expect there will be any fundamental changes in the relationship. but there will be issues we have to work through, of course, as there always are. david:

david: how they stay there. you don't feel in adequate being the second wealthiest man in the world? dan doctoroff is a former deputy of -- deputy mayor of new york city. he create target als is in to help cure allies, a disease which killed his father and uncle. recently, dan was also diagnosed. i sat down with dan at bloomberg and talked about his life, philanthropy and his desire to do what he can to help cure als. recently about a year ago you were diagnosed with als which was a set -- which is a sad tragic disease. what was your reaction when you heard about this? dan: i was actually shocked despite the fact my father and uncle died of the disease. i did not expect it at all. i really had not felt many symptoms. i went away on a trip to iceland with my wife. i had breathing problems. i could not climb rocks. i got exhausted climbing hills which is weird because i was in pretty good shape. i decided to see a doctor not thinking it was aos and he noticed my muscles twitching in brought in the head of neurolog

david himself.s price on david's head. but there was a problem. >> i said, i'm sorry. he's out of town. he's gone to florida. for business. >> at that point we were forced to loop her into what was going on. in order for her to make contact with david. >> she called david immediately and told him the horrifying story. and it was horrifying. just ask david. >> why would my ex-wife ever do with this? i know that she hates me. but i can imagine being hated so much that something like this could be real. >> david 17 year marriage to chrissy flash before his eyes. a once happy household that her turn so bitter. >> where we started to falter was when my career started really taking shape. and i had opportunities to leave ohio. >> chrissy hated living far from her parents. and the marriage eventually fell apart. david says that they separated. and that's when things turned ugly. >> i am immediately became a like peter. a child beater. and pretty much anything else that she could accuse me of. >> david says

bernaerts david w. bernard william h. bernstein david m.y david shelby berry joseph john berry william reed bethke yeneneh betru timothy d. betterly carolyn mayer beug edward frank beyea paul michael beyer anil tahilram bharvaney bella j. bhukhan shimmy d. biegeleisen peter alexander bielfeld william g. biggart brian eugene bilcher mark bingham carl vincent bini >> and my father nypd truck sergeant and sergeant major michael sean curtin. we miss you every day and god bless america. [applause] >> gary eugene bird joshua david birnbaum george john bishop kris romeo bishundat jeffrey donald bittner albert balewa blackman, jr. christopher joseph blackwell carrie rosetta blagburn susan leigh blair harry blanding, jr. janice lee blaney craig michael blass rita blau richard middleton blood, jr. michael andrew boccardi john paul bocchi michael l. bocchino susan m. bochino deora frances bodley bruce douglas boehm mary catherine murphy boffa nicholas andrew bogdan darren christopher bohan lawrence francis boisseau vincent m. boland, jr. touri hamzavi

♪ david: this is my kitchen table and also my filing system.ver much of the past three decades, i have been an investor. the highest calling of mankind i have often thought, is private equity. and then i started interviewing. i watched your interviews, so i know how to do some interviewing. i learned in doing my interviews how leaders make it to the top. >> i asked how much he wanted. he said 250. i said fine. i did know negotiating. i did note due diligence. david: and how they stay andrew liveris has been one of the most important figures in american is in us. for 14 years, he served as the ceo of dow, transformed the company from a chemical manufacturing company to one led by science and innovation. currently, he's involved in a number of business endeavors, including serving as chairman of an eb start up company and an advisor to a saudi saverin wealth fund. i sat down with him to discuss his accomplishments and future ambitions. -- including serving as chairman of an ev start up company and an advisor to a saudi sovereign wealth fund. rare

david: it does. it wasn't really a college, it was an industrial school, yet it had a fabulous football team that played against the big football powers of that era, it wasn't alabama, lsu, oklahoma, it was harvard, princeton, yale, penn, and west point. as part of i would say the acculturation process, football which was an eastern elite sport in that era would help the young native athletes. they had a brilliant football coach, pop warner, who was taking these really great athletes, many before four. there, -- before four. there, -- before thorpe got there. there were all these fascinating formations and he loved to philip trick plays. i love that in that early era of football, warner devised a kangaroo pocket to hide the football in an no one knew where the football was here he also had a play where they line up by the sideline and go around the opposition bent and go around the other side to catch a pass. but yes, carlisle is playing against the great teams of college football in that era and bea

david: ok.u got on the board, did you have to go to starbucks every day and...? mellody: i drink starbucks a lot, yes. david: and when you check in, do have to wait in line like everybody else? mellody: yes, i wait in line like everyone else. that's an important part of the process, to see how everything's working, how long it takes, what the-- what's happening in the store. david: but now that you're the chair, when you walk in any starbucks in the world, mellody: no. that does not happen. it's actually like being a secret shopper. it's pretty good not to be recognized in any way so that you can truly assess how things are going. i take pictures of the cases. i do all sorts of things when i go in now. david: so what's your favorite drink? can you say? is that a state secret? i make a joke about this. so i like my coffee black like me. david: ok. now, howard schultz has been a mentor to you a bit. is that correct? he's the founder of starbucks. mellody: oh, for sure. for sure. very important. da

david: ok. schultz has been a mentor to you a bit. is that correct? he's the founder of starbucks. mellody: oh, for sure. for sure. very important. david: so what did he do that made starbucks so successful? there are other coffee chains around the world, and wasn't like he invented coffee chains. what did he actually do that made it the biggest in the world? he really started off from the very beginning saying that he wanted to create a different kind of company and that he had this point of view about leading through the lens of humanity. it sounds like it could be a cliché, but it's not at all. it is very much in the dna of the company, how we look at things, how we do things. it's always through this point of view of people. and so at the end of the day, i think he put people first, not only in terms of the partners of the company, but also in terms of the customer. and at the end of the day, that is what has made the company so great. david: ok. so today you're coming to new york for a boar

david: when you get to m.i.t.o you say, i'm going to go and become a multibillionaire before i'm 30? sam: i had no idea what i was going to do. i thought i was gonna be a professor. i realized i did not like academia, and that left me lost about what i would actually do with my life. david: what did you major in? sam: physics, technically. i took about the bear minimum. i took about seven or eight physics classes in my time there. david: did you take courses in math? sam: i minored in math, but i took a potpourri of classes. some poly sigh -- poli sci classes, economics, psychology. but i did not take that many classes. david: so when you graduated, what did your parents say to you about what you should do upon graduation? sam: mostly whatever i thought would be exciting. they were going to support me with whatever, but going to junior year of college i had no idea what that was going to be. i had sort of just soft-rolled out academia -- soft-ruled out academia and i did not know what was going to replace it. i en

david: it is not just inflation. powell came out with a grim forecast for economic growth, 0.02%, as flat as you can get for 2022. we lowered that tremendously this week. we are in a desperate stage of stagflation. jillian: mary:he's trying to prepare the public for what is happening to the economy as conditions tighten. that is something he has to do if he brings inflation out of the economy but it is going to mean basically demand destruction which is raising interest rates to the point where it is harder for companies to borrow money at low interest rates which they have been doing for many years and that will hit earnings, probably the job picture will be higher. unemployment, jerome powell trying to prepare people for that because when it happens, everyone will say you are keeping rates too high, he has the backbone to hang in there. david: it has hit, americans not only feeling it at the supermarket but every time they open up their 401(k) if they have the courage to do so. >> they are feeling it in their paych

[applause] >> david w.hak >> eugen gabriel lazar >> james patrick leahy >> joseph gerard leavey >> neil j. leavy >> robert g. leblanc >> leon lebor >> kenneth charles ledee >> alan j. lederman >> elena f. ledesma >> alexis leduc >> daniel john lee >> david s. lee >> dong chul lee >> gary h. lee >> who -- hyun-joon lee >> juanita lee >> kathryn blair lee >> linda c. lee >> lorraine mary greene lee >> myung-woo lee >> richard y.c. lee >> stuart soo-jin lee >> yang der lee >> stephen paul lefkowitz >> adriana legro >> edward joseph lehman >> eric lehrfeld >> david r. leistman >> david prudencio lemagne >> joseph anthony lenihan >> john joseph lennon, jr. >> john robinson lenoir >> jorge luis leon, sr. >> matthew g. leonard >> michael lepore >> charles a. lesperance >> jeffrey earle leveen >> john dennis levi >> alisha caren levin >> and my brother chris allen him. chris is now gone 21 years and i believe he would be extremely annoyed at the state of our country today. and his behalf i'm going to remind our ele

david: why is that so high? helen: for the youth, the problem is those between 16 and 25 years old, this is usually the cohort that has more trouble looking for jobs. most people graduate from college or similar degrees maybe around june, july, so it will take some time for the demand to absorb all these people in the job market. but this year, obviously this is much higher than what we have seen historically. close to 20%, that suggests there is a significant problem still with the supply of new, fresh labor out there that needs to be absorbed by sme's. at the moment when domestic demand is so weak, i'm afraid sme's, especially service sector sme's are not necessarily ready to do more capex or higher more people. rishaad: helen, thank you so much. helen qiao there. ok, let's have a look at this data in more detail. the national bureau of statistics giving a news conference. those numbers speak for themselves. big beat for retail sales. fixed asset investment also had an estimate. the only dark cloud was the pro

david: definitely memorable.atter what, he was committed to getting the story, even when the pandemics upon the bay area. he figured out how he could do it from home. david: the pandemic change the workplace for all of us. dan: nothing it seems could keep him from bringing you the news. dan: nothing. we could spend the whole hour with him. he is with us now. we get asked this all the time. it's hard to say, but i'll put you on the spot in which story would you say out of the hundreds of thousands is the most memorable, and why. david: that terrible situation where the busload of kids were kidnapped and taken to a livermore c area and gone for days in the families were going to great anxiety, terrifying, the psychological damage and so forth. i felt good. the good thing that came out of that is the families coalesced. they were very supportive of us, the media come we were there to try and get the word out. dan: there is a sacred trust that happens. david: there is. absolutely. since i was the first person know th

david: to be an agent you have to have clients.get clients you have to go to dinners, how do you get clients when you don't have any clients? ariel: well, i was promoted in the television department because i had worked for the head of business affairs and one of the lead agents in this other -- and this other person. i was in the office as their assistant every day monday through sunday. doing whatever it took, and they were great teachers. they promoted me. then you would go out to the studios and go to stats where people are shooting and writers were writing. pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a l

crypto. >> david: yes.re was a viewing party at 3:00 a.m. for the merge. about 40,000 people watched it live on youtube. i was up while it was happening but i didn't watch. not my cup of tea. susan: 24 hours into international. stu: 20 seconds to tell me about coin base rating politicians. cryptocentral. susan: talk to me about privacy issues as well because if i was a politician, i don't know if i want to be rated on the actual app itself in the right hand corner in terms of how friendly i am to the cryptouniverse. serious is that what they're doing? susan: yeah, some say it's bullish once you get parameters and rules and regulations around cryptocurrency. stu: okay. stu: got it. this is important. tennis star roger fedderrer announced he's retiring from tennis. he said "the labor cup next week in london will be my final atp event. i will play more tennis in the future but not in grand slams or on tour. to the game of tennis, i love you and will never leave you". he is 41 years old and a gentleman too. com

david: down those cable, right?id: inflation comes out higher-than-expected, they will be more aggressive. it's expected to peak around 13% and that can change. expectations are they will get more aggressive. you might see a rise in cable, i don't know how long that will be. it all goes forward to next week , we want to see how aggressive are they going to be? if you had to pick between the two, you would favor the dollar strength at the moment with the warning of a u.k. recession. i think cable is going lower is the bigger risk in the near term. yvonne: how long can they continue on the defenses or they will have to let dollar china go about seven? david: what is helping is the expiration of 3.1 billion. they are defending that quite aggressively. if u.s. yields push higher, just a few years ago, it was trading near 720. there is a lot more talk of the town. yvonne: thank you. let's talk about the inflation story when it comes to the commodity market. there is a possible plan to refill u.s. crude reserves. let's br

david: understood.ne talks about one trade and everyone seems to agree and currently that is a stronger dollar, is it time to start thinking about what one would do when the tides turn if the dollar does chart to fall? what would be the first thing you would do? steve: good question. the arnie is that -- the irony is that the forecast last year was for dollar weakness. we have not had that. that is entirely because of interest rate differentials. it does not look like the interest rate differential will change materially any time soon because although other central banks are raising rates, it is the case that the federal reserve is outfront having been a late starter but they are a long wait outfront now with more to come. in addition -- in addition to interest rate increases, the one getting less attention but that is more significant is tightening. the removal of liquidity from the system is dollar positive even if it is market negative. david: that is qt. we can talk about that next time. let's not w

thank you david.ccullough was a treasure and would greatly miss at the library congress. below is a part of the festival history and honor and tonight by continuing to introduce with tonight's author program. the authors are here reflect the depth, breadth and diversity of the lineup this year. speaking to topics up-to-date and appealing to readers of all ages and backgrounds. please enjoy. please welcome pulitzer prize winning journalist author and associate editor of the "washington post" david moran us. [applause] looks i never correct anybody. [laughter] i knew i was following a great benefactor did not know i was following a comedian as well. thank you david. i am thrilled to be here tonight to honor librarians, the library of congress, books, writers, history and our search for truth. all of which are way too vulnerable in these times. in 1911 and 1912 as a young teacher at the carlisle industrial school teaching business classes named mary and more. she loved sports. she would often watch the a

one of one was "the great bridge" by david mccullough. it was a page turner and exactly what i needed. for just an hour or two every night to forget, to forget and to remember, to remember that this might be hard and scary, but there are a lot of things in life that are scary and you have to be brave or at least pretend that you are. fast forward six years and i am standing in front of david mccullough at the national book festival and my daughter is a healthy, silly six year old. [applause] and i have a chance to thank someone who is not only my hero and although he could not have known it, helped me through this terrible time. instead of telling him what his books to me, i froze. he was so kind and gracious and i was just nervous and starstruck, i couldn't do it and i never did. i never told him and i have regretted it ever since, no day more than the day just a few weeks ago that i heard he had died. but i can learn from my mistakes, especially when given another chance. this is another national book festival and another rare opportuni

david: there we go.ave a look at this list. it is a long one. i don't want to go through each one. yvonne: that could be happening in the next hour, the boj. it is not expected to do anything, but given the hawkish response from jay powell overnight, does it push the boj to do anything in terms of the foreign guidance or any pivot there? let's bring in our guest from pine ridge investment still with us. i have to ask you about the boj. how much longer can they continue this dovish path with great still in negative territory? >> certainly the boj has been the outlier with respect to central banks, with no indication they intend to change that. they are getting the pressure, most notably the currency. -- japan may have to adjust their policy in response to that. one of the notable philosophical differences between the boj relative to the fed and other central banks is they come from a philosophy that surprising the market is more effective than telegraphing to the market and meeting market expectations, so

david real in texas. maria thank you to the war in ukraine tonight in the horrors uncovered a mass grave yard in a region retaken from russian forces. more than 440 bodies have been found most believed to be ukrainian civilians, many with their hands and feet, tied most with evidence of violent deaths. and given these new discoveries, president zelensky once again calling on the world to label russia. a state sponsor of terror. nbc's tom sufi burridge in ukraine again tonight. tonight horrifying new evidence of alleged russian atrocities. authorities digging up body after body mass grave sites in the newly liberated ukrainian city of easy, um ukraine, calling it genocide, saying more than 440 people, including children are buried here. many victims showing signs of torture, legs bound hands tied behind their backs, some with broken bones and ropes around their necks. ukrainian officials showing the crosses marking the graves of an entire family. a mother a father, their six year old daughter and grandpare

david? >> all right, will carr tonight leading us off. will, thank you. >>> let's get right to chief meteorologist ginger zee in anaheim, california, tracking the heat, the fires, and now this hurricane. ginger? >> reporter: david, you'll remember, just last night we were talking about salt lake city breaking their all-time september heat record. that was 105. today, they've made it to 107, which ties their all-time record, so, yes, they've smashed the september one. look at the heat and fire alerts on 14 states from nebraska to california, nevada, up to montana. now, those fire alerts are up there for a reason, because this heat bakes the land, it gets it very dry and it's going to stay hot for the next two days. really through the beginning of the weekend for so many cities from denver to las vegas to right here around los angeles. but i do want to tell you about hurricane kay, which is out in the pacific, down closer to cabo, but as it makes its way along the west coast, it's going to put

david: limited. in odd frank you gave the financial stability oversight council the authority to designate some institutions to -- which would have brought them under the purview of the fed. a combination of legal decisions that the trump administration made, that power has basically been neutered. do you think that that is an important -- cannot be reinvigorated? is that an important step? michael: i think it's important to have an and vigorous financial spillover oversight council process and to have a process that would permit designation of nonbank firms if they could pose a risk to financial stability. i will use a little bit of jargon, but it can also use existing authorities. for example if it believes that there is a systemic payment settlement or clearance activity that can also be designated for supervision. and it and make recommendations to member agencies with respect to activities going on across more than one agency for further action. it's important that that process be used when need