david: you live in nassau. sam: yes. david: is it a tough place to live? sam: it is a tough.id: how do you put up with the pleasure of going to the beach versus working? sam: for better or for worse, not the most tempted in the world to go to the beach. i like going every couple of months, but i do not spend a lot of time outside. i am in the office. david: so, you don't get a tan or anything. sam: no. david: in case of cryptocurrencies today, now is the time to get in or now is the time to wait and see where the markets are going? sam: the biggest thing i would say is don't put in more than you can lose. ♪ david: very often when people get wealthy, they buy fancy suits and so forth. you haven't gotten to that phase yet? sam: not much. david: your outfit is pretty much standard. some kind of t-shirt, shorts, tennis shoes, is that what you wear all the time? sam: when i go to washington, d.c., i have a suit there because i have to wear it. but other than that, yeah. david: are you thinking of buying a house? where do you live? sam: i live -- we bought a large apartment togethe

david. after retirement thousand ten, michael jordan private industry is a chief executive officer of the building information technology company headquartered in his hometown of pittsburgh, pennsylvania. in october 2017, he published his first book inside camp david the private world of the presidential retreat. mike travels often speaking about the book has been covered by the wall street journal, the today show c-span and many other print radio television outlets. after our conversation, mike will be taking questions from our live audience. please be your questions for mike and the chat we will get to as many as possible welcome to white house history live mike. >> wonderful to be here. it's an honor to serve the nation. [inaudible] >> only start from the beginning, your story with camp david. tell us about how you were selected as commander of camp david, what that process was likely. >> camp david is actually a navy command naval support facility and a town nearby. the navy has operated

camp david. the private world of the presidential retreat. mike travels often speaking about the book. he has been covered by the wall street journal, the today show, smithsonian, npr, c-span and many other print radio and television out let's. after a conversation, mike will taking questions from our live audience. please put your questions in the chat and we will get to as many as possible. welcome to white house history live, my. >> thank you colleen, wonderful to be here. great honor to serve our navy and nation. i appreciate the time to talk. >> but we start from the beginning. tell us how you were selected and with this thought process was. >> well, it is actually a navy command nearby. i was operated and maintained by president roosevelt. civil engineer officer -- so 1998. possible officers being considered with the white house and interviewed with the executive director. interviewed by the camp, by the staff. >> amazing. first a little bit about your own personal history. >> i visited it

david: you live in nassau. sam: that is right. david: is it a tough place to live?: it is a tough life. david: how do you put up with the pleasure of going to the beach versus working? sam: for better or for worse, not the most tempted in the world to go to the beach. i like going every couple of months, but i do not spend a lot of time outside. i am mostly in the office. david: so, you don't get a tan or anything. sam: no. david: in case of cryptocurrencies today, now is the time to get in or now is the time to wait and see where the markets are going? sam: the biggest thing i would say is don't put in more than you can lose. ♪ david: what is your interest in philanthropy? you were the most recent to sign the pledge. sam: i always wanted to have positive impact on the world and how it could have the biggest positive impact, not just some random amount. i did not put that into action for a little while, but i got to college and came to terms with the fact there were things i could do that would have impact that it was worth doing. and started to think more criticall

david: you live in nassau. sam: that's right. david: is it a tough place to live?it is a tough life. it is a hard life. david: how do you put up with the pleasure of going to the beach versus working? sam: for better or for worse, not the person most tempted in the world to go to the beach. i enjoy being there, i enjoy going there once every couple of months, but i don't spend a lot of time outside. i am in the office. david: so, you don't get a tan or anything. sam: no. not so much. david: in case of cryptocurrencies today, now is the time to get in, it is good? or now is the time to read and see where the markets are going? sam: the biggest thing i would say is don't put in more than you are fine losing. ♪ david: so, very often when people get wealthy, they buy fancy suits and so forth. you haven't gotten to that phase yet? i sam: want to sam: have the biggest positive impact. -- when i got to college i came to terms with the fact there were things i could do that would have impact that it was worth doing. and start to think more critically about what should i do

david: right.: 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 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. knew dana, frank and lorenzo, and they were going to sell it. we proved we could buy a business, own it and operate it with professional bull riding. then it was us against chinese investors at the time. we secured the rights, and here we are. david: is there anybody to

david: ok. ariel: and so -- david: what year did you start endeavor?el: actually on my birthday, march 29, 1995. david: it went well from the beginning because you had clients. you bought william morris. you merged. they were twice as big and you became the ceo. how did that happen? ariel: four years before that, we went to see another mentor a person who has been unbelievable in helping my life, a professor who became the chairman of harvard business school. and we asked him to go over, and i had never been at the school, game theory of what we should do to grow and consolidate the business with the thesis that distribution will change the environment. we laid out over two days on a whiteboard we should go after william morrison tried to merge, buy, whatever. david: you merge the company. you become the sole ceo. ariel: my partner and i became the ceos. david: now you are starting to buy companies? ariel: yes. david: you bought img, a sports representation business, right? ariel: yes. it is a sports production/events company. that's where you and i me

david? david: hillary vaughn, thank you very much.espite historic inflation and the extreme deficit, president biden insisting the economy is quote, strong as hell, telling americans to be happy they are in the united states and not in another country. for reaction to all this, welcome fox news contributor liz peek, along with "washington examiner" correspondent byron york. good to see you both. thank you very much for being here. byron, first of all, it is so clear that biden is not responsible for the deficit reduction. i want to spell out what the committee for a responsible budget said and i'm quoting here, the decline in the deficit over the past fiscal year is more than entirely the result of waning covid relief and not of historic deficit reduction by president biden as the white house claims. in fact the president's actions toe date have actually increased deficits by $4.8 trillion through 2031. one final comment, even democrats like steve rattner says, i'm quoting a tweet he put out, the end of covid relief accounted for all

david: christy is your wife of more than 50 years? john: 49 years. david: where did you meet her?ohn: i met her through charlie rose. charlie rose and i were at duke university. he had moved to new york, and i was in new york at the time working at smith barney. he called me up and said, my wife's sister is coming up. we would like you to take her out. i thought about it a little bit and got a date friday night. he called me back and said, ok, we will go out saturday night. i go to their apartment. mary was a beautiful woman, and christy took my breath away. not only beautiful but had a great smile. she was very warm, very friendly. if it wasn't love at first sight, it was pretty close. david: you grew up in north carolina, but your grandfather immigrated from lebanon, is that right? why did he go to north carolina? was there a big lebanese community there? john: there was a big lebanese community in south carolina, and he was going to go to marion, south carolina, when he got off ellis island, and he end up in marion, north carolina. he stayed the night in the train depot. no one

john: and how they stay -- david: and how they stay there.n recent decades, one of the most important figures on wall street is john mack. he led -- john rose from modest circumstances to become a godly figure on wall street are quite some time. i sat down with john to discuss his life story and what he sees as the future of wall street. you spent more than 50 years on wall street and probably the most difficult time was during the 2007, 2008 recession where morgan stanley came close to going under. was that the most difficult time of your career? john: no question. david: you thought you had a good cash reserve for a while, but all of a sudden people started pulling cash out, your cash reserves started going down . how close did you come to going bankrupt? john: very close. tim geithner are at the fed was trying to get us to sell to jimmy -- jamie dimon at the time. i called jamie and said, " you will buy the firm." he said, " i don't want your firm." he said, " john, if you forced me to do it i would pay you two dollars a share." i was not

david: what's the worst part?i think the most challenging part is your time is never your own. you have to be prepared but something always can happen and usually something does happen. ♪

david: i have something i'd like to sell. david, voice-over: and how they stay there.: you don't feel inadequate now because being only the second-wealthiest man in the world, is that right? [laughter] as a young boy, my parents brought me to the smithsonian because i lived in baltimore and it was free. and i came to love the smithsonian. so when i had a chance about a dozen years ago to become a regent of the smithsonian, i jumped at the opportunity, and i got to meet somebody who was then building the african american history and culture museum, lonnie bunch. and recognized from the start that he was a gifted museum director. he started with nothing to build that museum, and now made it into one of the most popular museums in the entire country. barack obama: i am so proud of lonnie bunch. we could not be prouder of the work that he has done to help make this day possible. david: and then a vacancy came along to be the secretary of the smithsonian. i was a chair of the search committee, a we looked at many candidates around the country. it was clear that lonnie bunch

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 mayor of new york city. and a former ceo of bloomberg. i came to know him recently fairly well when he created target als, an organization designed to raise funding to cure als, 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 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

david: what's the worst part?think the most challenging part is your time is never your own. you have to be prepared but something always can happen and usually something does happen. ♪ >> david rubenstein peer-to-peer conversations is sponsored by wells fargo.

david: i will take that as maybe. [laughter] david: let me ask you an easier question. brian: yes, please. [laughter] david: do you think the u.k. is in a recession? [laughter] brian: i think the situation in the u.k. and europe is very difficult. they face a difficult situation. as i was saying in terms of the u.s. position, they are more exposed to energy price volatility and they do not have as many strengths as we have here are economically. it is and is going to be a tough period for the u.k. david: normally and the u.s. when you cut taxes it is designed to stimulate the economy. that is what they did in britain. it had an unfortunate impact on the british economy. are you surprised about that? brian: i wasn't surprised from the market reaction. you have to -- any economic policy has to be in the context of the position we are in. the challenge with that is it puts the monetary authority in the position of having to move tighter. that is what you saw in the reaction. it is particularly important to maintain a focus on fiscal discipline. it is something we have been

david: what's the worst part?an: i think the most challenging part is your time is never your own. you have to be prepared that something always can happen and usually something does happen. ♪ announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. announcer: this program is a paid advertisement from the u.s.

david: what's the worst part?: i think the most challenging part is your time is never your own. you have to be prepared that something always can happen and usually something does happen. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. taylor: while many industries have seen businesses suffer during the covid pandemic, the snack food sector has soared. >> we all remember that time in the middle of march 2020 where the world changed. and for packaged food in general, that was a great thing.

david: ok.[applause] a lot of justices of the supreme court carry around the constitution all the time. is that because you're gonna forget what's in it or are you--you just like to remind people or you just read it over and over again? stephen: you never, never know when somebody's gonna ask you a question, you see. somebody says, "what does article iii, section 19 say?" david: ok. stephen: and they expect you to know. david: ok, so, you have to have it. stephen: here. there it is. david: there it is. so, your book, this book is a interesting book in the sense that it came from a series of lectures you gave named after somebody who was an ideological, let's say, opponent of some of your views, and that was justice scalia. so, were you a friend of his even though you had ideological differences? stephen: yes, i think so. we would-- we would debate those differences, and we'd go-- oh, i thought we had a terrific debate in lubbock, texas. there were several thousand students who'd come. they'd nev

david?id: peter i want to be clear, they are still arguing that we are on track to exceed the high of 13 million barrels of oil produced a day but the numbers just don't show that. reporter: no. again they say they are doing everything they can to increase the market capacity but that down mean they're doing everything that is possible. so there is a difference in the wording there. david: indeed there is. peter doocy, you point those word differences out very clearly in those white house pressers. we look forward to them. good to see you. back to today's market rally, john lonski and market gauge managing director michelle schneider joins me on details on what the heck is going on. good to see you both. i want to go to you first, john. today's action, particularly look at the nasdaq, it is up 3 1/2% but it is important to keep in mind the nasdaq is down about 30% over the past year. i mean, i'm very heartened that it is making gains today but it has got a long way to go, no? >> yeah, i thin

david. david: alexandria hoff, thank you very much.h 14 days to the midterm elections voters are watching as major debates are taking place tonight in new york, pennsylvania, and michigan. to break it down american her tank executive director jessica anderson and gop strategist ford o'connell. thanks for being here. two weeks. can you believe it, it is finally happening or closer to happening. ford, let me go to you first and read something from "the new york times." i don't usually read "the new york times" but there was an interview with nancy pelosi today which she said i cannot believe anybody would vote for these people, referring to republicans. endless lying an endless money. this from a multimillionaire who said a lot of things that are questionable recently, right? >> that is exactly right, david. speaker pelosi is dell usingal. she has been lying to the american people. voters are panicked about biden's abysmal economy. they know winter is coming. sprinkle in democrat absurd positions on crime, border security, what is being

he's in david's company. he eventually becomes the commanding officer of david's company. but through his letters, we were able to decipher that some of david's early letters are most likely written by him. so most likely dictated by david. but written by john louderback to send messages home and the as we follow these letters through the conflicts, you really start to see the individual personalities come through. you see different penmanship, different grammar, different phrases that are used by the writers. for example, this is one of rachel's letters. she uses a blue ink almost exclusively through the war. there's a few that are not. but. but she's really this is this is one of the ways you could quickly tell that it was one of rachel's letters. and here she draws a picture of a a u.s. flag with the words union forever on it. this is the only one that she illustrated. but again, it it gives it such a personal touch. it it's so important to to see who these people were, what, you know, why were they writing these letters and it's it again, they really become these indiv

david: it went well from the beginning.ou merged with robert morris, but they were twice as big as you and you became the ceo. how did that happen? ariel: four years before that, we saw another mentor who has been unbelievable in my life. professor newton who became the chairman of harvard business school. i had never been to business school. game theory of what we should do to grow and consolidate the business with the thesis that distribution will change the environment. we laid out over two days that we should go after william morris and try to merge. david: you become the sole ceo . ariel: patrick wetzel and i became the ceos. david: now you are starting to buy companies. you bought img, which is a sports representation business. ariel: it is a sports production events company. that is where you end i met. -- you and i met. david: we then -- you then brought -- you then bought ufc. you did it with the help of silverlake, a well-known private equity firm. the ceo helped you get this done? ariel: i was lining up people to

john: david, yeah, listen.re are not many jobs you can have as a young individual where you are always, always learning. it may not be something you can write, but wall street lives on the news and what people are doing and what are the trends. not many businesses are like that. you go into the manufacturing business, you have a sales cycle. you hope it's doing well. on wall street, you have data every day that tells you not only what is going on in this country, but what is going on in the world. david: as you look at your career, what do you think you are most proud of having done? help with new york presbyterian, helping morgan stanley recover from some of its problems? john: i'm most proud of where morgan stanley came from just a -- from, just a few hundred people, to where it is now. i think taking the risks we took, doing the dean witter trade, having the bumps that we had to live with, it turned out to be an unbelievable investment bank with a great culture. and to have james gorman running it now, i cou

he's in david's company. he eventually becomes the commanding officer of david's company. but through his letters, we were able to decipher that some of david's early letters are most likely written by him. so most likely dictated by david. but written by john louderback to send messages home and the as we follow these letters through the conflicts, you really start to see the individual personalities come through. you see different penmanship, different grammar, different phrases that are used by the writers. for example, this is one of rachel's letters. she uses a blue ink almost exclusively through thwa there'a few that are not. but. but she's really this is this is one of the ways you could quickly tell tt was one of rachel's letts. and here e aws a picture of a a u.s. flag with the words union forever on it. this is the only one thash illustrated. but again, it it gives it such a personal touch. it it's so important to to see who these people were, what, you know, why were they writing these letters and it's it again, they really become these individuals instead of ju

david: how many years? dan: 14. david: how did you get to know mike bloomberg? dan: it is actually a funny story. in 1994i was sitting in the stands of the world cup semifinal game in new jersey. italy first bulgaria. -- italy versus bulgaria. a friend literally dragged me to the game. i didn't want to go, it was like 100 degrees. it took forever. but i walked into the stadium that day and i thought it was the most amazing sporting event i had ever seen. everyone was painted in bulgarian and italian colors. you can sit down, so i was standing there through the match thinking to myself you could play this game in new york with any two countries in the world and it would feel exactly the same. then i started thinking about the olympics which i had always been a fan of and saying why has the most international city in the world never hosted the most international event? and i left the stadium that day with this vague notion that new york had to host the olympics. and so i build a plan of advisors about how new york could host the olympics and eventually i showed it

david: you went to mcalister college. went to a good school, but not as well-known as other schools. ariel: i applied to amherst. i didn't get in. i got differed from bowden. mcallister accepted me. david: later you became a professional racquetball player for a while? ariel: i played for about a year and a half. david: is that an easy way to make money? ariel: no. i was going to go to business school in northwestern. i realized nobody wants to do that. i turned to my father who had gone to school in europe and he said, this is what is so great about my father when he was alive, he said, here is a credit card, here is some cash no plan. , two days later i was in paris. he called me up a year later. i came home. packed up my car in minnesota. moved to new york. a friend of mine at the time was working in the mailroom of william morris. he explained to me what william morris was. i did not know there were agents or what that meant. david: william morris being a major talent agency. ariel: also the one we bought. i went to w

david: ok. so, he got elected.hen you got this position as special assistant to the president for economic policy. what was the biggest thing you accomplished during the obama administration? brian: my first project upon coming into government was to work as part of a team that did the restructuring of general motors and chrysler, as well as the finance companies. that was basically from -- many of you will recall november and december of 2008, right through to the summer of 2009. that was my overriding vocus. david: so after that you joined the darkside of money and worked for blackrock in charge of global sustainability. what were you doing at blackrock? >> to actually do financial research to understand what our drivers of long-term economic performance that are financially relevant but that may not be on the mind of traditional investors. to give you a concrete example, one of the most persistent measures is the rate of change a company brings down its carbon emissions. we did a lot of research to find that is

david: your father was?an: my father was a lawyer who became the chief judge of the michigan court of appeals. david: at what age did he contract als? dan: 66-years-old. my mother, who is a psychologist, had just died of a rare neck cancer at 64 and literally within weeks of her dying, he started to show symptoms that would later be diagnosed as als. he started to limp. david: you are what age now? dan: 64. david: so, about the same age as your father. dan: a little bit earlier. david: where did you go to college? dan: harvard. david: what did you study there and what did you want to be? dan: i did not know what i wanted to be. i studied government because i did not know anything better. but my biggest achievement in college was meeting my wife freshman year. we've now been dating or married 45 years. so, that was my biggest achievement. david: big achievement. after college, you went to law school at the university of chicago. dan: before i did that, i was a political pollster. for a firm called market opin

david: how many years did you run bloomberg? dan: seven. david: seven years.he company grew nicely during that period of time. dan: as soon as i got there, the financial crisis happened but we grew from i think $5.4 billion in revenue to $9 billion in the seven years i was there. david: after mike finished his third term as mayor, he resumed the position of being ceo. you left the company and started another company called sidewalk labs. what was that? dan: that was a company i formed with larry page and google, became alphabet, that was focused on urban innovation. and what we wanted to do was build the most innovative place in the world, but also, by focusing on building a place, develop ideas, urban innovation ideas, that could dramatically transform the city. david: so you are running the company and then, when you got the news that you had als, you decided i am going to devote myself to target als. is that right? dan: basically. i am still on the board of a couple of companies we created but my focus was definitely on als. and, you know, i also wanted to

david: theory.any women did you start with and, let's say, 7, 8, 9 years later, were there that many women still there? ruth: um...not--no. i think that--that, um... my take at the time was that women made a smart risk--you know, cost-benefit analysis, and if you're sort of constantly, uh, finding yourself in a position where you can't break through, you can't get ahead, you do this cost-benefit, and it just doesn't make sense. so, far from it being that women didn't have the stamina, i think they were making a really smart risk decision. i tend to be a quite stubborn person, so just kept plowing forward. david: so you came back to morgan stanley, and your career soared again, you became the cfo, and at some point, you're one of the most important people at morgan stanley, and the u.s. government calls up and says, "why don'tou come and work at the treasury department, a very senior position?" did you seriously consider doing that? ruth: well, one of the most meaningful parts of my career was in '08

reporter: hi, david.rategy calls out autocrats trying to undermine democracy and export repression and coercion. "russia poses an immediate threat to the free and open international system. the prc, people's republic of china, by contrast is the only competitor with both intent to reshape the international order and increasingly the economic diplomatic military and technological power to advance that objective." at the communist party congress in beijing, where president xi is expected to be handed a third term potentially setting him up as president for life, xi reiterated in a speech sunday, china's intent to overtake taiwan where most of the world's semiconductor chips are manufactured. >> the resolution of the taiwan issue is a matter for the chinese ourselves to decide. we insist on striving for the prospect of peaceful re unit with the greatest sincerity and with the greatest effort; however, we are not committed to abandoning the use of force and we reserve the option of taking all necessary measur

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