so i'm going to turn to david david bob is president of the bill of rights institute. and why don't you tell us a little bit about what the institute is doing and and your thoughts on history and civic engagement. well, thank you for the opportunity to join you at the presidential site summit. i'm grateful for for the work that you all do and look forward to talking about ways. that civics can be even a greater part of the outreach work that you do in your communities across this country. if history teaches us about the past. i think civics is a way to chart our future. one of the big challenges that we have in reaching young people. is that when they're thinking about history or they're thinking about civics. what often comes to mind is? simply hashtag boring. they don't see it as something that they should care about. so the question of why matters most and i think we have to become better as a people. supporting a clear well-defined answer to why study history why these civically engaged? you know fast forward for a moment five years in time. think of what we are as

david bob

david: is also look on bob, she quotes all these people from silicon valley with the same idea.o to 50 years let me quote one more person. this is from katie hardback, the former facebook public policy director, what elon musk fails to recognize, they truly of free-speech ed moderation. as the censorship and anti-what bullying is moderation. >> it's one thing to say we don't want hate speech with people threatening to kill each other, i get that if that's what she means by moderation. what these leftists believe making sure conservators still have a seat at the table were libertarians don't have a seat at the table i remember fox news 90% was pretty far left conservative network, it was a conservative thinker on the network and the primetime people especially. there's a lot sku can see it in the coverage of most of the chair but i will tell this, the wall street is pretty interesting when you talk to senior executives at private equity firms, major banks, it was smart for twitter to bring in j.p. morgan goldman they brought on the two best and biggest common to most successful o

i did an interview with bob iger and i says this to david zaslav, it's too small a company, it's going to suffer a lot with the stock market. it's got to be bigger. when you are against someone like apple or amazon who has money in the drawers is enough to buy these companies, it's a real problem, especially with the spending and it's hard to get up to these numbers, even for disney. and iger who had just did his first interview after he left, he was even like it's barely big enough. i do think -- i suspect in the future there will be a purchase by a bigger entity. >> more consolidation. >> absolutely. >> more acquisitiones. >> or more acquisitions. >> they just borrowed $30 billion to go and make sure that they're financially secure, they could go and acquire other things. >> and streaming is great for consumers not great for wall street. oliver, what does it mean for cnn to have the new entity? >> chris licht with colbert is going to be coming over and he's going to be taking the reins of cnn in may. he has a lot of things to do. he has a cnn plus streaming platform he has to figure

david, back to you >> such great points, bob.cussion earlier as well about advertising spending to a certain extent, which sometimes can also fall victim when you're not able to make up margin the way you just described with wd-40. we'll see you later, bob bob pisani >> conagra is telling me that we ought to be little -- let's say our answers may not be perfect they are saying to me, they dialed back their fourth quarter a&p, so continuing to decrease demand in the short-term makes that worse >> they're more about having stuff on the shelves >> which is another whole issue. >> that you don't advertise for stuff that you can't sell. >> i wanted to pinpoint that ou. >> glad you did. >> you can get in on the cnbc investing club and get updates like that from jim just point your phone at the qr code on the screen and it will take you right there. you right there. let's get to a bond report before you take your very quick break for you. of course, treasuries are very prom prominently at this point. and if you own a bond fund, we don't

david backish and jason chi lahr. they don't look the same, do they? liz: bob. oh, my -- >> all right.> the thing that got consummated where it got sold to at&t, i believe, in 2018, right? liz: well, it was contested by donald trump. >> contested by donald trump in 2019. and then sold, by the end of 2020 it was clear this thing wasn't working out with at&t -- liz: they did get it though. i mean, they did overcome the donald trump, fcc -- >> i -- they won that. but still after all that money they threw in, they just sold it at the edge of 2020. we actually were first on fox business to break the story that cnn could be up for sale. what i didn't know was they were going to sell the whole thing, not just cnn. that's what they did to discovery in a $43 billion deal. the deal is closing today. kind of interesting stuff, it's going to be a mega-media company. it's going to be one of the biggest. it's going to be run by a longtime broadcast veteran david sasse lover, i use -- david zaslav, good guy, he's finally got his shot at the huge time. discovery was a decent company, he was a player i

i can remember back when david halberstam participated in the democratic national convention. i can remember when bob carroll. i think introduced ted kennedy at one of the democratic conventions. i can certainly remember just recently when john meacham. had been writing speeches for joe biden during the campaign didn't tell the audience on msnbc msnbc. let him go so they must have thought that that was stepping over the line. i'm not allowed to do it with cnn, but why are historians feeling the need to be on a side when they are historians? well, it's a good question because people are not just you know, jean paul sartre a great existentialist french philosopher used to say, i'm not a waiter. and meaning i'm not just my job. i have all sorts of you know of emotions and feelings. so you have to rank where your civic responsibility kicks in on something if you see an evil or you see something that's threatening the democracy you've got to speak up and in in the case though of writing. you know what we were suggesting with with mitchum or others. cnn would not let me they said where you you can't be pre

i can remember back when david halberstam participated in the democratic national convention. i can remember when bob carroll. i think introduced ted kennedy at one of the democratic conventions. i can certainly remember just recently when john meacham. had been writing speeches for joe biden during the campaign didn't tell the audience on msnbc msnbc. let him go so they must have thought that that was stepping over the line. i'm not allowed to do it with cnn, but why are historians feeling the need to be on a side when they are historians? well, it's a good question because people are not just you know, jean paul sartre a great existentialist french philosopher used to say, i'm not a waiter. and meaning i'm not just my job. i have all sorts of you know of emotions and feelings. so you have to rank where your civic responsibility kicks in on something if you see an evil or you see something that's threatening the democracy you've got to speak up and in in the case though of writing. you know what we were suggesting with with mitchum or others. cnn would not let me they said where you you can't be pre

let's get to bob psani. >> oh, boy you're bringing back memories there. david jim is absolutely right. sell the rallies is sort of a thing that is happening with tech now tech got burned. remember, take a look at the sectors. we've had a great two-week rally in tech until 10:00 a.m. yesterday. it got blown up. tech is down % you see cathie wood. here is the difference what you might call quality tech of high earnings and high multiples or high margins or good profits and lower quality tech you see the big disparity there? that's what we're talking about. interest rates keep going up aggressively in the market it starts to believe they'll keep going up agrelszively energy still holding up. defensive sectors. we noted this. utility and health care continuing to hold up. but stuff is starting to really by forkate here. the market is in a box it's in a difficult situation. so right now take a look at what we've got new lows for we have new lows on the list here you heard diane talking about 5% mortgages. dr horton, lennar, home depot new lows pay attention there. t

david malpass. in the next hour, on equities, lori and mike wilson. then we get into the bond market with boble. netflix, the stock du jour, we will catch up with michael nathanson of moffitt nathanson. tom: a select group that has always been skeptical about the netflix profit model. it will be interesting. i know he had been doing the media rounds. where all of those price targets are coming in, i will really watch what these people are looking at, how do they reset? jonathan: yesterday, people were tempted to buy into their earnings after a move of 40% year to date. down another 27%. there will be even more people to buy this now. that will be the question for mr. nathanson, is now the time to buy? we would argue not yet. we are still uncertain about what the revenue base looks like. tom: it is real simple. the way you learn not to buy into a fed announcement or earnings announcement, is to enjoy losing money when you buy into the announcement. i have enjoyed losing money. jonathan: i'm not sure how many people have enjoyed it is morning, losing money on this stock. down more than 27%. equ

bob. >> oh, carl, i wish you were here wish david was here. all be sitting by the, well, by the bar, hopefully, all chatting listen, this is good times and really tough times for the etf business good times because they are throwing mo money at the etf business $7 trillion in assets under management it keeps get bigger all the time it's stuff because there are 2,000 investment advisors here and they are really worried about what they are seeing, worried about inflation. this whole 60/40 bond split for years and years, it's falling apart because the bond business is in serious trouble now. there is a survey out, investor concerns who were attending this, almost 50% say interest rates, inflation top gern. geopolitical risk is number two. they are worried about inflation. they are worried about a prolonged economic slowdown, market volatility, things like that the biggest funds that these investment visors have in their portfolios, vanguard, the biggest in the world, new lows every single one of them in the last day or two hitting 52 week lows in

it's up there with the streaker behind david niven in 1974, brando sending up sacheen littlefeather in 1973, or in 1959 when tony curtis sack-tapped bob hope. ( laughter ) let me-- let me-- let me say something here as an objective observer: it's never okay to punch a comedian. ( applause ) now... ( laughter ) where do i find the courage? where do i find the courage? i've got to say it! will smith was offended by the joke, and wanted to stand up to his wife. fine. challenge chris to a duel. or, if you really want to hurt a comedian: don't laugh. ( laughter ) that hurts way more than a punch, i promise you! ( cheers and applause ) but, it does-- see, that's-- that's-- ( applause ) but this does prove one thing: chris rock can take a punch. i mean, we're the same age. he's 57 years old, and a comedian-- look at this: pow! chris just shakes it off with one step! will smith trained for months to play mohammed ali. i have met will smith. okay, i have spoken to the man right over there. he's got a hand like a flank steak. ( laughter ) if will wanted to hit somebody, he should have picked on somebody more appropriate, like jason momoa, or, o

david leventhal is the deputy washington bureau chief. bob in pittsburgh, republican line.r: hello. it is not just the money they are making. i have been exposed to pelosi who invested $3 million in tesla. how is that going to affect her voting for green energy? there is another woman spokesperson, blonde woman on tv, guy asked her, how she could get more oil production. they found out she got money in green energy. but people lost their tax money but the people that ran the company got theirs back. this whole thing, it is not just the money, it is how does it influence the vote? in pelosi's case and this other woman, it is out front and probably more democrats. that is why they are for this green energy. that is why a company on its own makes real money. i remember watching about rockefeller. he invested his own money for gas stations. pelosi and the rest of them could make more money. how many more democrats are making money off of this? that is why they are stopping oil. host: ok. you put a lot out there for our guest. we will let him respond. guest: that is a big questi

david leventhal is the deputy washington bureau chief. bob in pittsburgh, republican line. hello. it is not just the money they are making. i have been exposed to pelosi who invested $3 million in tesla. how is that going to affect her voting for green energy? there is another woman spokesperson, blonde woman on tv, guy asked her, how she could get more oil production. they found out she got money in green energy. but people lost their tax money but the people that ran the company got theirs back. this whole thing, it is not just the money, it is how does it influence the vote? in pelosi's case and this other woman, it is out front and probably more democrats. that is why they are for this green energy. that is why a company on its own makes real money. i remember watching about rockefeller. he invested his own money for gas stations. pelosi and the rest of them could make more money. how many more democrats are making money off of this? that is why they are stopping oil. host: ok. you put a lot out there for our guest. we will let him respond. guest: that is a big question

was the biggest in a recent run of them that has seen bob dylan sell his catalogue for more than $300, with the collections of paul simon and late davidl of that great music? harry smith has our "sunday spotlight." >> i can tell you that carmine is the drummer on this record. >> reporter: in high school we all knew someone who could do this. >> tchaikovsky's 1812. rattle off of detail about an album or cd. but it seems merck can do that with everything he's ever heard. >> the only thing that keeps a space in my brain is music. >> reporter: his encyclopedic knowledge is more than a parlor trick. he means to monetize it. >> i want to establish songs as an asset class. it something that the investment community would recognize had real value to it. >> yes, asset class like oil or gold or pork bellies. his company, hypnosis, has spent more than $2 billion over the last few years buying up artist song catalogues from shakira to leonard cohen to justin bieber and more. >> we have 63,000 songs, of which i think at last count something like 10,000 of them are number one songs. you know, even more top 40 songs. it's a very, very small catalogu

with landmark david, my mom was good lesson administrator with the had you edge of a bit, joe, with jenny at navy. i was over there with a with right now the last one then the hoover bob a like many mother, she like to buy a brand new you blue bab invited to what if i got i had to put a left for him. i just got mad. you boy ashwin is locked to live in cuba. do that job now public job be doing the deal. little always with robin hudson. jim was with that too. mm hm. ah well that was the real world so okay, did he will be any cameras out there? a, a, a, a, a, a, an adverb with a dis, a delicate, what i did that will help close the loop loop. finally be the new long dig up the heated look bill and the it on a lovely look. more theme flood that they've been great with not a whole week. the food food on funding to do like i say i do not have enough money for the other. this is not a lot of the idea. push the knowledge of it. there's gonna be a lot going on with the warning. again, remember i live in building? can you tell the cars slash a while a blue bird really now listen, surely knowing unless i am with a local authority in a loan in b o. o o, this is the other, this is

on some of the questions i just asked david, which is what would the classic signals of a market bottom be, number one, and does -- is one of them the notion that bob just hit and that is that in a bear market everything goes down and this is a broad-based selloff today, very broad >> yeah, charlie, i mean, usually there is a textbook setup where you get an aggressive, very broad flush lower where there really isn't an immediate place to hide this is where you're going to get a kind of panic crescendo to a correction, bear market, whatever you want to call it i don't know that we're at a point of monitoring the market for exactly that thing i would point out, you know, the s&p 500 traded down just about to 4,200 in late january, got back there in late february, went a little below it in mid-march and here we are again, which is to say it's been a very volatility trading range with a lot of time spent in the lower end of that range as we've absorbed everything from the economies over heating and the fed's going to go really fast to that's all happening at the same time we're worried about global growth today's action really does look like china, glo

. >> david, this isn't the first time we've seen important news in information being withheld, maybe withheld is not the right word, but withheld until the release of the book. i think of bobhe had that incredible book, rage, and in it we discover exactly that the former president said that he knew covid-19 was deadly and worse, than the flu but that didn't come out at the time even though he was publicly downplaying it when he talked to bob woodward privately. what do you think here? should this auto-from mccarthy have been released when the recordings actually happened? >> i think withholding this certainly does a disservice to the reputation and integrity of a free press. look, nothing should compel its release, that's one of the remarkable freedoms we have in the united states. but it begs the question from reporters who are covering the future of our republic, our democracy, similar to reporters that cover a feminine or war, there is a coming humanity that needs to rise of above the reporting. and in the case of withholding information that can directly impact the view of the country towards its future, you do have to question whether or not profits are being put ahea

david, this isn't the first time we've seen important news and information being withheld in a book. maybe not withheld is the right word, but certainly withheld until the release of the book. i think of bobent said that he knew covid-19 was deadly and worse than the flu, but that didn't come out at that time, even though he was publicly down playing it when he talked to bob woodward privately. should this audio from mccarthy been released when the recordings actually happened? >> i think withholding it certainly does a disservice to the reputation and integrity of a free press. look, nothing should compel its release. that's one of the remarkable freedoms we have in the united states. but it begs the question for reporters who are covering the future of our republic, our democracy, similar to reporter who is cover a famine or a war, there is a common humanity that has to rise above the reporting. and then the case of withholding information that can directly impact the view of the country towards its future, you do have to question whether or not profits are being put ahead of the critical information needed. look, at the end of the day, i don't think there's anything we can do about wha

david: by the way i'm just curious. focusing on disney for a second. do you think bob iger would have allowed this to happen?been vetted by the chief legal officer of the company. they should have had a conversation with the board of directors and said look, this is what's going on, what do you think we should do. that's why you have boards of directors. they're there to represent the shareholders in that collective wisdom of the board is what should be telling the senior management what their position could be, should be and ought to be going forward. david: ed just to put it in a nutshel the bottom line is you're saying, you're trying to encourage corporations to focus more on shareholder rights, to get them to vote on these critical decisions because this decision with regard to disney, if they are probably going to lose their tax status, that's going to cost shareholder s millions of dollars money that could have gone back in dividends. >> yeah, i think this is a confluence of terrible events that are going to lead to a great result and the boards of directors and the ceo's of companies and all the execu