david k.: all of these companies. pany of the -- that raises the question of the attorney general going after google and facebook. is it time for the regulators to catch up with these tech behemoths? david k.: they will certainly catch up with facebook and google. facebook invited the thing with rampant repeated misbehavior, which all of the companies are now paying a price for. apple is not nearly as much in the sites of regulators, and for good reason. tim cook is one of the great defenders of the idea of privacy. that does a lot to help his image. has apple misbehaved as the times article about searching with other apps to compete with apple suggests? yes they have misbehaved, but not nearly as much as the other companies. alix: david kirkpatrick, thank. theill be back in covering apple event to tell me what phone. i still have an apple five -- i still have an iphone five. my daughter once one. coming up, bond slipping below par for the first time since its ipo. if you're jumping in your car, turn into bloomberg rad

. >> i am joined by david k. johnston, founder and editor-in-chief d.c..org,.org is always bigger than.com. national political correspondent for split politico and he is shs about selling, accepting, i mean, this is stuff you might see in arabia somewhere, where they pay back the sheikhs and the government leader, you pay for everything with a big bribe. from the day his campaign ended and his presidency began, from that day, they've booked rooms at the trump international in washington and they did it all these months to show their love for this guy. now the vice president doesn't. all these vice presidential candidates do it. this idea of buying trump, going into his hotels, trump shamelessly promoting them for the next g7. we were all warned about this we all talked about it before the inauguration. you can't separate trump inc. from the trump presidency and he isn't making the slightest effort to do so your thoughts about what you saw coming. >> donald doesn't have any blinders about ethics. they don't exist

david: k. and do you ever wear anythin? phil: no. rdavid: ok. so when you w a tuxedo or something and you wear nike shoes as well? david: ok. so let me ask about basketball. in baske you have somebody named michael jordan, a basketball player, you've heard of, right? phil: i haveeard of him. sign him up?o, was it hard to and why was his shoe so successful, came the most successfuloe ever. phil: yeah, it was hard to sn him up because everybody waed him. and we won that bid. we won that war. david: was it on your personality? phil: clearly. [laughter] david: not money, just personality? pril: no, we offered ty good. but we had a lot of good players. we didn't have really great players, and we thought he had the chance to be that. he was obvious way better than we ever could have imagined, but, yeah, w started wearing the shoes, we made them really dramatic. they were reblack and white, the main colors. and of coursit he was a very eg player. he jumped and he was quick, and he shot, he did everything well, and he was handsome and he spoke well. and

k to 12 school. i got there in ninth grade. it is a terrific place. david addition to academic pursuits, you were a basketball player? john: i was. david: you went to princeton, and you played basketball at princeton? john: i was very fortunate to play basketball at princeton for the hall of fame coach pete carril. he was a legend and someone who really transformed my life. david: you were the captain your senior year? john: i did get to be a captain, against all odds. david: did you think you were going to be an nba player? john: coach carril made it very clear i had no hope to be an nba player. he told me when i was a sophomore and i made the team, i was the last person on the team, the 15th person on the team, he said, "johnny, you are legally blind, and i can't teach vision. you can't dribble. but you work so hard, we will keep you around for a few more days." david: so you graduated in 1980. what did you want to do? john: i had two role models that were stockbrokers. one across the street from campus, on nassau street, a guy named mike perkins. he help

david: you must go to washington from time to time k to legistors or other people, and is that a painful part of your job? brian: i like advocating for comcast. i am passionatt our company and our beliefs. i think we represent sort of what the american dream is allbout. you start from literally tupelo, mississippi anno business, and you take risk capital. we have never had a guaranteed rate of return, like a phone company. we've borrowed $60 billion to build the company. no one says we will be here in 50 more years. we are 50-plus years old. and we he created 150,00jobs, and they are all, mostly, 90%, 95% here in america. so from time to time, depending where the pendulum is going, there are proposed things that are going to have real implications, and you try to articulate and advocate for that. at we've been heavily reg business, at least from my perspective, since the beginning. david: you have cable. you also have broadcast channels. you have movies. how doave time to watch all the things that your company is producing? brian: well, we grew up in this business. when i started back in

david: but the satisfaction of ?aving a child's life is to ma k jack: it's unbelievable. vid: it's been a great life and a great inspiration for so many americans. thank you for everything you've done for the golf world and for philanthropy. thank you. jack: thank you. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy a new samsung note. click, call or visit a store today. alix: mexico, venezuela, these were the powerhouses of latin american oil production. a source of wealth, prosperity , and competition. now, venezuela is in crisis. >> it is a failed state. and you can see it in its oil production numbers. alix: and mexico is too hard to invest in. >> you see a lot of these declines are starting to

david: is she interested in basketball? mr. silver: oh yes. i have to make sure the wnba is profitable. i get some good tips from our other coach kthe audience, i would love to coach her someday. she loves the game. i love her. david: so you are going to stay in this position for the perceivable future? you're not going to buy a team or go into private equity? mr. silver: no plans to go anywhere. david: thank you very much. [applause] ♪ nejra: wall street's big win. banks may get a $40 billion reprieve from trump era regulators. the bid for lse -- the u.k. watchdog promises a high level of scrutiny over the hong kong bourse's bid for london's exchange. calming the money markets, the fed steps in with repo operations for the first time in a decade. welcome to "bloomberg markets: rules and returns." i'm nejra cehic in london. "rules and returns" is the show where we delve into the regulatory challenges and opportunities for financial markets around the globe. first, let's get a roundup of this week's news.

k in the audience. i would love to coach her one day. she loves the game. davidare going to stay in this position for the foreseeable future. you are not going to go buy a team, go into private equity, nothing like that? adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ juliette: coming up on "bloomberg best," the stories that shaped the week in business around the world. the fed delivers a rate cut, but members disagree on what comes next. >> k more extensive sequence of rate cuts could be appropriate. >> i am disappointed with what the fed has come out with. juliette: oil markets whipsaw after an attack on saudi facilities. >> the trump administration wants to put the blame squarely on iran. >> all things considered, i don't think that was a severe reaction. >> they are working around the clock to try and get these machines and infrastructure back online. juliette: the u.s. announces a

david: how does that work. if i put my money in a 401(kfor 30 years, how many transactions are there? in my trading in and out all the time. i only get the tax if i am buying and selling something. kirsten: if you investing in a 401(k), there is a turnover in those assets. our studies found that over a lifetime if you have $100,000 in your 401(k), the cost would be $64,000 over water years for the tax. -- over four years for the tax. david: some people take issue with that. is it because transactions in 2008 have artificially increased the transactions? kirsten: this is based on data from the turnover rate using conservative turnover rates. if you're in a pension fund, the average pension fund would bear cost of $130 million a year. if this played out the way you success -- the way you say, might that be beneficial, might there be longer-term horizons on the investments rather than being in and out? everyn: this is a tax on day investors because many investors are using -- whether it is etf or other mutual funds that are continuous if this

david: i'm told you can wrap this in ten seconds, gary k. y are data collecting monsters, but they are very good at it and this is going to get them higher and higher numbers as far as earnings and revenue growth. david: i think you are probably right. thank you, gang. the top ranked colleges in the nation and the number one is -- well, you are going to have to wait for the number one. the "wall street journal" is out with its latest list. we will bring you the best. did they get it right? we will sound off on their placement of our own alma maters. you will never guess who ranks highest and lowest on that list. that's coming up. ♪ so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual. .. david: the "wall street journal" comes out with its rankings of colleges. not surprisingly, harvard takes the top spot. the university of southern florida is 276. but mine is not even on the list. so what does that tell you? >> that's how you become a fox business anchor. david:

after being utterly decimated by hurricane dorian groups of men trying to rake up debris k nbc meteorologist davidigger has the latest on dorian's track. >> it is still off the coastline, sue still holding off the coast of south carolina but because the eye is wide enough, we're seeing the effects throughout south carolina into north carolina, as well now, the track of the center point of the storm keeps it off the coastline in the morning for tomorrow it will be brushing parts of the outer banks of north carolina and keep in mind, though, as the system moves it will be producing a lot in the way of rainfall and storm surge ahead of it and the impacts will be felt over the next few days. >> thank you so much. >>> researchers with the american cancer society looked at global trepds in colo-rectal cancer and despite a decline in older adults, there's been an increase among young people in nine high income countries including the united states. >>> and according to an espn report, the oakland raiders expected to suspend antonio brown following a heated exchange with that team's general manager. the t

k-town. another mini mall among many. karaoke? no. >> david: this is the best dumpling spot in town.lowed in my house. and then -- [ chuckles ] i just said, uh, "where are you getting these?" you know, my mom likes to withhold information. so, i finally got it out of her. >> anthony: myung in dumplings, where they serve a mix between korean and chinese. each plate handmade to order, my friends. opened in 2007 on olympic boulevard, it's run by yu jin, a korean by way of shenyang province in china. >> david: been coming here for about two years now. >> anthony: uh-huh? >> david: there's no one ever in here. every time i've ever come in -- i don't understand how they're open. they're the best dumplings i've ever had. maybe people just get them to go. >> anthony: right. >> david: they all look like buttholes, actually. [ laughs ] but -- >> anthony: kind of. yeah, pre-prolapse. [ laughter ] >> anthony: wang mandu. king dumpling. thick dough, stuffed to the gills with pork, kimchi, and vegetables. precisely made, weighed, and crimped. steamed until soft. eat. >> anthony: wow. that's nearly

k nbc meteorologist david big ar has more. >> here is what the current track is showing the storm hased back to the atlantic that's the good news we are waiting for a track update from the hurricane center around 11:00 for today it's going to be move off into the atlantic and then it should stay off the coastline until it gets to canada. for the next couple of hours and next few days the major impact storm surge along parts of the east coast high surf and some tropical storm-force winds around parts of cape cod because the storm will be getting wider as it gets weaker. >> thank you so much >>> in other news, chinese president xi meeting with german chancellor merkel in beijing he reportedly told her china and the european union have the same interests in protecting the rules of the multilateral trading system and china will further open up its markets. >>> and robert mugabe, the long-time leader of zimbabwe, who was forced to resign in 2017 after a military takeover, has died he took power after the end of white minority rule in 1980 and presided over a country whose early promise was

k. l.. thomas joseph cahill. >> george c. cane. edward calderon. kenneth marcus caldwell, felix callahan. suzanne, gina. david.ll. robert arthur campbell. sean thomas callahan, john candela. then send. stephen. luke anthony. jonathan. richard michael. josÉ manuel. edward. and my brother. words cannot express how much you are missed and loved. michael, matthew, medicine and kevin as well as your friends and family and also team shamrock. we choose to remember how you live, not how you left us. god bless you all and god bless america. and our cousin, firefighter thomas and penny, you are loved and missed. as we remember and honor all of fithose who died on 9/11 and thr families, let us not forget those first responders who have died since 9/11 and their families and pray for all the first responders who have or will become ill as a result of their dedicatiothe dedication at ground zero. god bless us all and god bless america. [applause] david carlone. >> rosemarie carlson. >> joyce carpenter. michael carroll. peter carroll. >> james joseph carson junior. christopher carstanjen. angeline carter. vivian ?casalduc.

k in the audience. i would love to coach her one day. she loves the game. davidu are going to stay in this position for the foreseeable future. you are not going to go by a -- purchase a team, go into private equity, nothing like that? adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ scarlet: i'm scarlet fu. this is "etf iq" where we focus on the risks and rewards offered by exchange traded funds. rotating to value -- investors rediscovered out of favor sectors, leading to abid for energy names and small caps. banking on the middle. actress elizabeth banks on what she and state street believe you are overlooking mid-cap stocks. and silver in the spotlight. rising demand is driving holdings in silver etf's to an all-time high. whether you embrace or fear etf,

david: in other countries, they gas the fish, or theyey actuall, you know,w, dye the fish, bassically, so you can''t telll, you k know, by ththe color orore smell because it's, you know, been co2 gassed. it's a tough busininess for us. [film advance clicks] man: good s seafood's not c che. cheap seafood's not good, and you don't really have a lot of time. there's no such h thing aa 6060-day, dry-aged tuna,a, so yu got to geget it, get t it off te boaoat, and getet it out ththerd geget it serveved in restataura. know your source is huge. we have nono frequent t flyer milen ourur tuna. our fisish is coming rright offff the boat t in san . we''rere the first stop from the dock. if f it's getting f flownn from fiji or around the world, we dodon't know where i it's cog from. therere's no trace and trust. trace anand trust startst the dock from the b boat. you're offloadingng right to the fishmonger, righght to the box, and then where it goes. it's the forei fleet. ththey have vevery little ruleses, very littltle regulations, no permits, noo licenses. t they're doing everything wrong, and when the american guys are do

k in the audience. i would love to coach her one day. she loves the game. davidare going to stay in this position for the foreseeable future. you are not going to go buy a team, go into private equity, nothing like that? adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ scarlet: i'm scarlet fu. mrs. "etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. another former fed official weighs in on the chaos in the repo market. what is the trickle-down effect for the etf industry? 'diy' financial literacy. tyrone ross and phil bak connect the dots between their new financial education program in detroit, and etf's. and, food fight. we serve up the new vegan etf to show you what is inside the im

k in the audience. i would love to coach her one day. she loves the game. davidyou are going to stay in this position for the foreseeable future. you are not going to go by a -- purchase a team, go into private equity, nothing like that? adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. francine: bill winters is a consummate global banker with a track record that speaks for itself. he spent 25 years at jpmorgan, rising to the top to lead the investment bank. during his four-year tenure at -- as ceo at standard chartered, he has turned around the company with the bank delivering its first buy back in 2

k in the audience. i would love to coach her one day. she loves the game. davidu are going to stay in this position for the oreseeable future. you're not going to go bye a team, go into private equity, nothing like that? adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ francine: bill winters is a consummate global banker with a track record that speaks for itself. he spent 25 years at jpmorgan, rising to the top to lead the investment bank. during his four-year tenure at standard chartered, he has turned around the company with the bank delivering its first buy back in 20 years. in july, i welcomed him back. bill winters, thank you for joining us on leaders. you took over the bank in 2015 and reshaped it, what was the hardest part of the business transformation? bill: the hardest thing is to

k in the audience. i would love to coach her one day. she loves the game. davidu are going to stay in this position for the foreseeable future. you are not going to go buy a team, go into private equity, nothing like that? you are going to stay. adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ erik: bill, the gates foundation is zeroing in on inequality. it is the greatest obstacle to creating a decent life for people in the world's poorest countries. why inequality? bill: well, we take a lot for granted in the united states and other wealthy countries. the fact that we have enough to eat, the fact that children overwhelmingly survive. their nutrition is such that they are able to be educated and live a full life. those things are not yet universal. over 5 million children a year die.

k in the audience. i would love to coach her one day. she loves the game. davidare going to stay in this position for the foreseeable future. you are not going to go buy a team, go into private equity, nothing like that? you are going to stay. adam: no plans to go anywhere. david: thank you very much for an interesting conversation. adam: thank you, david. [applause] ♪ ♪ david: from the time he was a boy, he knew he wanted to make films. he lost his mother at the age of 11. but he first saw his father cry when they went to see a movie together. showing him the power of telling stories on film. ken burns studied at hampshire college. there he made his first documentary about historic sturbridge village. but it was a film on the brooklyn bridge that brought ken to pbs. and a partnership that continued for almost 30 films, exploring much of u.s. history. from the civil war to the roosevelts. now burns brings us his latest work, "country music," airing over 16 hours in eight episodes,

joining us from hong kong is bloomberg's enda curran, from k, and is seb sale bloomberg's david wehner is here in new york. we start with the latest trade of element. soy prices go nowhere even after the chinese government gave waivers to buy from u.s. companies without being hit by retaliatory tariffs. what is the significance? adds to thek it mood music that both sides are showing a bit of good will to get these talks make some progress. we are talking up to 3 million tons of soybeans that would be three of tariffs for chinese buying from u.s. sellers. this goes to the heart of donald trump's constituency, and china has said to the state media they are willing to come to the table on that side of things. both sides are at least trying to make the talks work to get to the next level. that comes on october 10, would china's vice premier will travel to washington for talks with his u.s. counterparts. of course, that will be a theseal period to see if gestures are leading to some broader breakthrough, or whether we go back to where we started. alix: thank you very much. we want to turn n

k rampage and saved countless lives. today it is my immense honor to honor those with the medal of valor. sergeant knight, rolfes, campbell, vincent carter, ryan nabel and david're in awe of your professionalism, and rock solid nerves of steel. on behalf of our entire nation, we thank you for your remarkable and heroic actions in the line of duty. and we just want to thank you so much. what a great job you've done. thank you very much. [ applause ] today we are also honoring five americans who risked their lives to save others during the brutal attack at the walmart in el paso, texas. walmart store manager robert evans was outside the store entrance when he heard the gunman fire his first shot. robert instantly alerted employees of the active shooter. he saw the killer go towards the store so he raced inside and rushed customers to the nearest emergency exits helping hundreds escape to safety. incredible. robert, he exemplify noble leadership and selfless service. great job, robert. >> thank you, robert. walmart employee gilbert serna heard robert's alert over the radio and immediately, without hesitation, guided dozens of shoppers to refuge through a rear ex

k. ladkat james patrick ladley joseph a. lafalce jeanette louise lafond-menichino david laforge >> and my uncle thomas, who is reunited with hisher and father in heaven. to know my uncle tommy was to love him. jen, tim, colleen and their families miss you dearly and we love you very much. >> and to my father, joseph john berry, whose motto was life is good. we miss you more than our heart and soul thought possible. that's further evidence of the love and light you brought into this world, our lives and the lives of everyone that knew you. and that love never dies. you truly were something special. self-made, brilliant, good looking and kind. the model of a life well lived. quick with a smile and affection, generous and friendly to everybody. you taught me the most important things in life. so every day i strive to do better and be better. your nine grandchildren love and talk about you all the time, even though they never got the chance to meet you in person. that legacy, your legacy of love lives on through them. mom, the great love of your life, and all of us, i love you. michael laforte alan charles lafranco juan mendez laf

if they looked at this carefully, i think they are w k working on it, what they think the duty should be added to the cabinets. david have to go, paul. can you tell me your prediction in terms of whether or not we work out a trade deal that would be accept to believe the country and to -- acceptable to the country and to you in particular? >> i think long-term the trade deal hopefully necessarily wouldn't just cover the cabinet business because i don't know how the trade deal could do that. if it can, that's fine. but we have to level that playing field. i like what our president trump is doing. he's working hard on saving jobs. i believe he cares about people. i really admire that, what he's doing. david: we hope you do well in your case. we appreciate you coming in to talk to us about it. let us know what happens. all right? >> thank you, good to see you. david: the census finding income inequality is at a new high but does it matter if wages are going up as well? we will debate that, coming next. you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. libert

david. >> thank you, i feel like i have been at all 28 at this point very happy to have repoobert b k backishh me. how long, the merger is not a change in control, a lot of people say the regulatories are going to move faster than the typical deal >> we believe so we'll close sometimes in december things are moving along. we benefited as you say for common control in the context of emerging process >> december will be upon us very soon it has been a month since you announced the deal the stock did not react particularly well given the weeks and months and years of speculation and many waiting for a positive response. were you disappointed in the market response? >> clearly we are disappointed of how stocks are reacting i spent the last two weeks talking to investors and making sure they understand the tremendous opportunity ahead of viacom and cvs, you look at the asset of this company unites whether it is paramount picture and the power house cbs and broadcasters and show time which is preempted and a story coming forward in the last five years we think that's a tremendous opportunity. you l

that's where everybody's 401(k)s typically that are iras are invested, even with etfs, it is the same thing. david: go ahead, gary. >> let me make another point which i think is interesting. you know what i found fascinating by all this, biden never says what the tax is for. why do we need it? there needs to be some argument -- i'm sure no democratic candidate maybe no republican candidate will ever have it, but the thing is why do we keep wanting to put more money in government? is there anyone out there that said yes, you know, i had this dollar, but it was better spent by the government than me. i mean that's always to me the overriding argument. well we just need more money and people are like yeah yeah yeah we need more money for the federal government. i never know why we need more. why can't the federal government shrink in size? but maybe that's an argument we will never have. david: i'm always remembering walter mondale, the last person i remember who ran for president i'm going to raise your taxes and he lost pretty handily. we will see what happens with this. it's been 12 days on the pi

with david bowie's final lead guitarist gerry limited and i started by asking him about his new single divided cities well it's it's quite a simple song about bricks it's. you know it's not all the k. . borders and everything beginning would be basically keep it simple for myself together with the berlin bit cities everyone knows this was famously divided what's it like living here in moving from england it's it's a great place to be an artist because it's very very affordable compared to london or most capital cities do you think it is divided still this is a good question i mean i guess everyone is divided in about 20 different ways these days so where is the brics context in the i mean the song divided city is about divisions politically and divisions geographically hence the berlin wall and obviously how people are very kind of. divided ideologically you know to one side of the other side berliners of obviously got used to the divided if he's history do you think because you're from outside you can still notice that cohen takes much more in a much more alive way than maybe someone who was born here just after the war came to berlin ziva quite it's even really liberal of your o

david faber. markets having a good morning. we've back above s&p 3 kssing the tape as we speak. let's get to rick santelli for the numbers. over to you, rick. >> absolutely. sara, we're expecting, of course, our september read on richmond, fed manufacturing in that area expecting a light positive and consumer conference richmond fed manufacturing unchanged. goose egg. a little weaker than expected. one in the rearview mirror stands unchanged in terms of consumer confidence for the month of september, conference board says 125.1. definitely a bit of a miss we're looking for a number north of 130 last look at 135.1 for august. gets downgraded to 134.2 that 125.1 with regard to the last time we were at levels like that, well, it's not so bad. we're at 124.20 in march it fits in it's just weaker than expected real quickly, present situation -- we have a revision. originally i saw 0 on the screen for richmond that is incorrect. it is minus 9. unchanged, not correct minus 9. minus 9 changes things a bit much weaker than expected. a present situation from the

k. i think it's good they got that done. everything else -- davidout of 1,000 is good. >> everything else about the city is in a shambles and there's no plan, no oversight, no hiring of good people who can manage a city. look, being a mayor is all about being responsive to local problems. he's not responsive. he could care less. david: he's not here. >> iowa, for heaven's sake, where nobody wants him, no one recognizes him, trying to run for president. david: even among liberal democrats you talk to in manhattan, the guy has very little support. very hard to find anybody's support because the subways are terrible, the streets are dirtier. >> it's a disaster. david: it is not a good situation. all right. we always go through these periods, then we rise again. it will come back up. >>> plant-based protein is gaining in popularity but it's not just meat substitutes that are on the rise. how about plant-based tuna substitutes? joining us is the founder of tuno and former bumblebee tuna executives. great to see you. why would you want phony fish when rea

k. ladkat james patrick ladley joseph a. lafalce jeanette louise lafond-menichino david james laforge michael patrick laforte and my uncle, who in heaven. to know my uncle was to love hi him. jen, colleen, and their families miss you dearly and we miss you very much. >> and to my father, joseph john barry, whose motto was life is good. we miss you more than my heart and soul ever thought possible. but that is only further evidence of the love and light he brought into this world, our lives, and the lives of everyone that knew you and that love never died. you truly were something special, self-made, brilliant, good-looking and kind. the model of a life well lived. quick with a smile and affection, generous, and friendly to everybody. you taught me the most important things in life so every day i strive to do better and be better. your nine grandchildren love and talk about you all the time, even though they never got the time chance to meet you in person. that legacy, your legacy of love, lives on through them. mom, the great love of your life, and all of us. i love you. >> bill: messages are so strong and so powerful. >> the

david. this idea something that you disagree with but i want to go back in the 70s you have the shattering experience of someone you knew was murdered by the panthers and how long did k it take before you realized i was with the wrong story in the wrong narrative? >> almost instantaneous first of all, my closest friends when i told them that the panthers had murdered betty they said it was rue white power structure you know, we have this today where a set of a black panther, tommy lee coates is the big icon of the left on race relations says there's no such thing as black on black crime and its white people behind it. crazy stuff but an awful lot of intelligent people believe it. >> host: it's fascinating because you talk about mortality and faith and it's about stories and grab onto stories lately and people called narratives and that is the questionnd and we don't have time to get into it in the segment but when we come back we talk about whether there is an overarching narrative that is consonant with reality or i want to get into that but were talking with david horowitz, "mortality and faith" is the new book. this is the eric metaxas show. >> host: hello there f

david: more taxes on trades, on market trades. we should emphasize that 75% of elderly folks have some kind of savings in stock, whether it is in their 401(kor whatever it is. this is really an attack on hard-working people. not multimillionaires, the super-rich, but people who have been very good at saving their income in a whole lifetime. working hard at it, to keep it for their retirement, to pass it on to their kids. they will suffer most at this. >> politicians cannot resist the temptation of raiding any pot of wealth they see out there. 401(k)s are ripe for it. literally trillions of dollars. they say we only go after the rich 401(k)s. you know where that ultimately leads. they will pick your pockets. they could even undo the roth iras where you thought you would get the money tax-free, putting after tax money contributions. they could violate that. obama sort of floated some of those ideas but elizabeth warren you know they will go full bore. david: steve forbes, great to see you, steve, even if it is scary information you have to offer. >> a warning. david: facebook competitor snapchat is calling out facebook so is zuck running out

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