jay: not so much. david: so would you like them to call you more or not so much? ike things the way they are. [laughter] david: when you are relaxing, what are you doing? jay: i played soccer yesterday with my kids and i couldn't walk. david: not a golfer? jay: i was more of a golfer before i took this job. david: if you played now you would find that people gave you putts more than before. have you ever thought about that? jay: i must be playing with the wrong people. david: ok. ♪ ♪ david: today when you look at the economy, you are not an economist, but are there any signs you see in the economy that people should be worried about if they are an investor, or you don't get into whether the economy is weakening and therefore maybe they should be cautious on their investments? jay: macro investment advice, steady, long-term investing in america and our economy has proven to be a good thing. i continue to want our markets to be a place where people invest steadily over time. their retirement will be a much more comfortable one. that is the number one question people

jay: not so much. david: would you like them to call you more or not so much? like things the way they are. david: when you are relaxing, what are you doing? jay: i played soccer yesterday with my kids. i couldn't walk. david: not a golfer? jay: i was a golfer before i took this job. david: if you played now you would find that people gave you putts more than before. have you ever thought about that? jay: i must be playing with the wrong people. ♪ david: today, when you look at the economy, you are not an economist, but are there any signs in the economy that people should be worried about if they are an investor, or you don't get into whether the economy is weakening and maybe they should be cautious on their investments? jay: macroeconomic advice, steady, long-term investing in america and our economy has proven to be a good thing. i continue to want our markets to be a place where people invest steadily over time. their retirement will be a much more comfortable one. that is the number one question people ask me. will i have enough money in retirement? when

the penalties we do not know. david: some speculate it was people in china who are interested in hacking. do you have any comment? arne: there has been public speculation it was china. we do not have the expertise to have a clue. david: you hired somebody to figure it out? arne: we could as opposed but we are not investigators. david: what is the most profitable part of the hotel? arne: it would be the guest room and conference. conference has guest rooms too. the guest room margins are great . it depends a little bit on the precise rates and market you are in. the cost is housekeeping and the capital cost of buying the materials in that room. the conference business is good because banqueting is a profitable, it is a predictable food and beverage business, unlike the rest which is harder. david: do people complain sometimes it is hard to figure out how to turn the lights off? arne: i complain. david: when i complain, i do not get the response you get. arne: i like to get their same -- the same response. ♪ david: let me

david: the chance of that happening again is remote. dr. fauci: not with that micro, because it is easily treatable. david: wended did vaccinations first start? i remember reading what the revolutionary war, some people would get inoculated against smallpox. how did they do that? when did people first realize you could be inoculated against a disease? dr. fauci: that was in 1796. that was edward jenner, who noticed an interesting phenomenon, that smallpox was rampant in society and he noticed that the women who were the cal-maine foods, who would be -- who were the cowmaids, who would be milking the cows, they would get a relatively mild disease called cowpox, related to smallpox, and he noticed they would get it and recover from it, but then be immune to smallpox. he put two and two together and said if we could deliberately infect people with a version of smallpox, namely cowpox, that they would be protected against smallpox. he did an experiment on a young boy, which quite frankly, retrospectively, was an unethical experiment, because he vaccinated

david: is there any price you have not one? dr. fauci: the nobel prize. would nominate you if i knew how to do that. you have written 1200 articles, co-authored, edited. how do you have time to do 1200 articles and run the institute and treat patients? dr. fauci: one of them is my career has been long. taking care of patients and running a lap and getting involved in global health policy, i just explained it, i work a lot of hours. i am an unapologetic workaholic and love what i do. david: how do you stay in good shape? dr. fauci: i used to run marathons. two or three years ago, i stopped running every day. i use to run about six miles a day. and now i power walk three to four miles every day. david: you are generally not sick? dr. fauci: generally pretty healthy. david: if you get sick and you are in the office, don't people get nervous you are sitting there? dr. fauci: it is a good advertisement for the doctor i go to. they say if this guy is going to a doctor, the doctor must be pretty good. david: many people have come to you and said why don't you le

so, i have not given any external indication on that. davidou do for relaxation when you are not worrying about your 290,000 employees, the government interfering with what you want to do? randall: we spend a lot of time in wyoming. we have horses. i love to trout fish. and i play a really bad game of golf. david: and now you sponsor the at&t at pebble beach. randall: we do. david: so do you get to play with tiger woods or phil mickelson? anyone you want to play with? you are the amateur playing with them. do you get to do that? randall: unfortunately, it is like you getting married. there has to be someone willing to play with you. so i can't just go to tiger because he has seen me play. david: so you do not win that tournament automatically or something? [laughter] randall: i have not even made the cut in the tournament before. david: you are not talking to people running it about making sure the cut line is different? ok. [laughter] david: you have two daughters. randall: i do. david: and you have grandchildren. randall: five grandchildren.

david: is there any evidence that vaccinations cause these diseases? >> absolutely not. david: the president asked what we could do about hiv and aids in africa. >> he felt that we have a moral responsibility. david: the best way to prevent having an infectious disease is what? >> the normal, low-tech, healthy things are the best. >> would you fix your time police? david: people wouldn't -- >> would you fix your tie, please?-- david: people wouldn't recognize me if i fixed my tie. i wouldn't consider myself a journalist. nobody else would consider myself a journalist. i began taking on the life of an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody take? tick? anthony here with dr. -- who is director of the national institutes of health, which he has led for 35 years. that is a longtime to be leading institute. is that a record? >> it is. david: you haven't gotten tired of doing this? >> no, because things keep changing. it is a must like a different job every year or two. david: i always

david: you are generally not sick? dr. fauci: generally pretty healthy. f you get sick and you are in the office, don't people get nervous you are sitting there? dr. fauci: it is a good advertisement for the dr. i go to. the doctor must be pretty good. david: many people have come to you and said why don't you leave and do something more lucrative. you resisted all those. why did you do that? dr. fauci: i felt that i looked what i am doing. it is so exciting that that is what drives me. it is not as though those professions are unworthy. i just like what i am doing. .e need an hiv vaccine tuberculosis and malaria are still major killers. those are things we have the opportunity to do something about, so i would like to continue to work until i can't work anymore and concentrate on those problems. david: you have worked under many different presidents. who was the most impressive? dr. fauci: they were all different. i don't want to be pitting one against the other. i enjoyed very much the clinton administration, really quite enjoyable working with not only

so, i have not given any external indication on that. david do for relaxation when you are not worrying about your 290,000 employees, the government interfering with what you want to do? randall: we spend a lot of time in wyoming. we have horses. i love to trout fish. and i play a really bad game of golf. david: and now you sponsor the at&t at pebble beach. randall: we do. david: so do you get to play with tiger woods, phil mickelson? anyone you want to play with? you are the amateur playing with them. do you get to do that? randall: unfortunately, it is like getting married, there has to be someone willing to play with you. so i can't just go to tiger because he has seen me play. david: so you do not win automatically or something? [laughter] randall: i have not even made the cut in the tournament before. david: you are not talking to people running it about making sure the cut line is different? ok. [laughter] david: you have two daughters. randall: i do. david: and you have grandchildren, five grandchildren. what do they call you? randall:

david: i have a completely different. >> not medicaids, medicare. david: i hav.>> i have a differt perspective. i'm going to say something cynical and make a prediction. i think that we shouldn't expect to learn anything serious at all about joe biden's policies over the course of this entire campaign. david: you may be right. >> because it is that -- i use the word irrelevant before. that is irrelevant to his campaign. he had one message to sale, he's a sean mature nonsocialist. sane and mature like the president, not a socialist. but that's his platform, friends. david: i have a feeling you might be right. on the other hand i'm wondering, sometimes you make commitments on the campaign trail in order to please one group of constituents or potential constituents and you're on the record. you've made the promise. >> absolutely. >> it's a delicate dynamic. and the thing is in this modern era of politics, people hold you to your word. you can't make promises that you can't keep. and the thing is that promising, using the same tactics from the obama -- d

david: you would save money if they did not take this stuff. arne: that's true. have a theory that hotel companies know when you are in the bathroom, because that is when somebody knocks on the door. is that the case? bathroom,using the the hotel people are coming for this or that. is that true they know when you are in the bathroom? arne: it is not true. david: sometimes they knock on the door and want to give you a piece of paper. they could slip it under. i don't know .8 don't do that arne:. there is a bit of a riddle here. the series riddle is that sometimes we want to give you service because it is the way we have done a traditionally that you may not want. , which is of this happening across the system today, is we have for the first time the ability to give you your key on your phone. you can entirely bypassed the front desk. it is a riddle for us. you think about the luxury experience, we want to welcome you and tell you how important you are to us, but if you want to get to room, we are better off saying if you want to do that, we have a vehicle to let yo

david: when i complain, i will not get the response you get. : you will get the same response, do your best. [laughter] ♪ ♪ david: all right, so let me ask you about hotels, because i travel alot. i am on the road 230 days a year. i spend a lot of nights in hotels. my experience has been everywhere i go, every hotel, the mini bar has the same thing, pringles and toblerone. now is the pringles person the best salesperson in the world? why are pringles in every mini bar? what is it with pringles? arne: we figure sooner or later the government will say that is a balanced meal. david: oh, ok. [laughter] david: so you want to be ahead of the government. arne: in truth, pringles, the brand is known broadly. they are packaged well. they tend to be these cans about this big of pringles. but people seem to like them. toblerone the same, these are two ultimate, quick comfort foods. when you're getting an early or getting in late -- david: people that operate hotels like marriott say we lose money on the mini bars, but if you look at the prices, they seem

david: when i complain, i will not get the response you get. : you will get the same response, do your best. [laughter] ♪ ♪ david: let me ask you about hotels. i travel a lot. i am on the road 230 days a year. my experience has been everywhere i go, every hotel, the mini bar has the same thing, pringles and toblerone. is the pringles person the best salesperson in the world? why are pringles in every mini bar? arne: we figure sooner or later the government will say that is a balanced meal. [laughter] david: you want to be ahead of the government. arne: in truth, pringles, the brand is known broadly. they are packaged well. they tend to be these cans about this big. people seem to like them. toblerone the same, these are two ultimate, quick comfort foods. david: people that operate hotels like marriott say we lose money on the mini bars, but if you look at the prices, they seem to be hard to lose money on. how do you lose money? arne: we lose money on mini bars and room service. both are expensive when you compare them to buying pringles in a gro

david: so it is not don't money launder, just don't get caught. you can't move to new jersey because we have to keep your taxes. [laughter] david: many thanks to bloomberg's sonali basak. coming up, bmw's ceo is on the line. alix: more on the terminal at tv . check out our charts and graphics, and end direct with us directly. go to gtv . this is bloomberg. ♪ david: this is what i'm watching, bmw. surprisinglythere young ceo, harald kruger, his job is on the line. as this is up as early month or next. they are not entirely thrilled with his performance. he was brought in to oversee fundamental change as they move toward electric vehicles, as well as autonomous, ridesharing, things like that. this got some softening, but he also sort of inherited brexit. the real challenge is making that transition. part of the issue is has he made enough partnerships. a lot of people are moving quickly into partnerships. the companies have to invest an enormous amount of money in electric vehicles and autonomy, and a lot of them say we cannot do it alone. al

not. [laughter] brian: are you going to do another book? david: yes, i plan to keep writing. s my life, and i love it. but what it will be, i do not know. ike hill.ing for m brian: what role has he played in these books? david: he has been my research miracle. he is a master of his storage research, and he is a joy to work with. we have been working together 40 years. to be the washington host of the smithsonian series in the early 1980's, and i got a letter from this fella who had been working on the hill for a congressman, and saying that if i ever needed assistance with research, he would love to help me. a very nice letter. , and this wasck the case, that i had tried using the help of two or three ph phd candidates in history, that were not the help that i wanted, but i was so taken by his letter, that i wanted to have lunch with him. he did not realize i was in washington. so we went to lunch, and i liked him immensely. so i said to him, if you would like, i will give you an assignment. and he volunteered to help me without any fee.i said , i am going to pay you for it, b

believe it or not we didn't solve the issue. david: i am not surprised.s charles payne. breaking right now, president trump arriving back to the united states a few minutes ago after a jam-packed trip to japan that included foreign policy and trade discussions along with a powerful speech to u.s. servicemembers stationed. there we'll recap that. a mixed day for the markets. the economy is still on fire. in fact consumer confidence soaring through the roof. several forecast models predicting a trump victory in 2020. we'll break down why the economists are

we should not be. davidif spotify came in the united states to the fcc and said that, i imagine apple would say spotify has not had any trouble at all getting subscribers. it is bigger than apple. jennifer: that is the issue. the ftc does have the discretion to bring a section five case. they just finished a lawsuit against qualcomm. i think they look at the spotify situation and say we do not think this will go anywhere in court. spotify is bigger than apple. secondly, under our laws, you have to show the competitors has been foreclosed. apple has not kicked spotify out of the app store. apple has not said people cannot subscribe through your website. they have not foreclosed them from the market. i do not think this case would go anywhere in the u.s.. david: many thanks to bloomberg jennifer rie and new york law school professor eleanor fox. happening in the economic club of new york, the mastercard ceo is talking with bloombergs erik schatzker. watch it on the bloomberg. live from new york, this is bloomb

david: i cannot answer that. probably not as many as we would wish. ian: why was aaron burr in marietta, ohio? david: looking for money, and he hit the jackpot with a strange gentleman named blennerhassetts, who was an aristocrat from ireland who inherited a lot of money, and because he married his neice, and that was not acceptable back home, he became an american citizen with his wife, and because to marry your niece was not acceptable in many parts of the east, they went west. that is one of the few examples that i know of of someone escaping what was considered immoral, and they bought boats about 12 miles down the river from marietta, built what was then the most glorious mansion on the entire river, and burr showed up, heard about him, told and what his scheme was going to be and how when he started this new country, blennerhassetts would have a very important part of the government. and it was all a con man offer, but blennerhassetts fell for it, and gave a lot of money to him, so he does dark building boats -- so he could start building boats f

delaney: i do not think -- david m.: i do not think so.'ll he said it is dangerous to take advice from someone who wants to kill you. chuck schumer would like to see president trump defeated, and the only way that can be guaranteed of the economy tanks. i would be leery for the advice from someone who may want to see a dip in the economy for a political gain in the elections. on the republican side, you do see a split where the base of the party supports the president on the tariffs but a lot of the more conservative members who also support him realize that it is dangerous for our economy and could hurt the economic growth that the republicans are depending on in order to not repeat the disaster of the midterm elections. david: let's go forward to the next presidential election and talk about what role you see growth playing in that -- the club for growth playing in that election. you are a supporter of the president on tax cuts and deregulation. where would the club for growth pick their spots? david m.: we will look at continued efforts

david: not competition. former vp and 2020 contender joe biden facing a lot of harsh criticism from both republicans and democrats for drastically downplaying the economic threat to the u.s. from the world's second largest economy. hi, everybody. this is "bulls & bears." i'm david asman. joining me, carol ross, kristina partsinevelos, jonathan hoenig, gary kaltbaum and a packed show. >>> senators mitt romney and bernie sanders seemingly two opposites, both agreeing and slamming biden. sanders tweeting this out. quote, since the china trade deal, i voted against, america has lost over three million manufacturing jobs. it's wrong to pretend that china isn't one of our major economic competitors. when we are in the white house, we will win that competition by fixing our trade policies. mitt romney saying biden will regret these comments as well. why is biden minimizing the china threat? maybe to make a preelection trade deal seem less monumental? what do you think? >> maybe he's just absolutely insane. think ab

not least, southwest. david: it appears it is not the last time we will talk about boeing. coming up, the you are paying parliamentary elections are over and it is time to speak about the ramifications. david: this is "balance of power ," i am david westin. we turned over to mark for first word news. mark: special counsel robert mueller broke his silence about the russia investigation. mueller said that there was not enough evidence to charge a broader conspiracy on election interference. he stopped short of delivering a full exoneration of president trump. forth in the report after the investigation, if we had had confidence that the president clearly did not commit a crime, we would have said so. not make a determination as to whether the president commit -- did commit a crime. mark: mueller did not take questions and said he would not be making further comments. he announced his resignation from the justice department so that he can "return to private life." in london the man who could be the next prime minister has been ordered to appear in court. boris johnson faces an

he was going to save the jobs and then it turned out not to be true. davidt month of more jobs than job seekers, austin. we have to remember all these things. it's a whole package and ain't a bad package. fox news channel is getting ready to host a live town hall with 2020 hopeful and minnesota democrat senator amy klobuchar just about half hour from now. why what she is saying about capitalism could make headlines tonight. all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. that's gonna be a good one., ♪ (playing) did you know that nationwide has customized small business insurance? huh-u

david not as a psychiatrist at imperial college in london by standing brain out of the influence of l.s.d. he wanted to create the first precise imaging study of the drug's effects for medical purposes his priority is the treatment of depression. depression is the largest schools of disability in the western world including germany because there's a very good condition starts young continues all one's life and so it's very expensive but we've made so little progress in the last twenty years that most pharmaceutical companies have given up and that means we it's now up to us as scientists and technicians to take up the challenge. not is focusing his research on psychoactive substances it's a difficult but he thinks promising field of research. classic antidepressants like prozac they increase a return in the brain and they protection from stress they dampen down the stress responses so eventually you know you can cope with the stress of life and the psychedelic kind of reset the brain so that you can overcome the stress rather than protect yourself against. the w.h.o. classifies l.s.d. is

david: it is not just you. [laughter] alix: our producer has her tickets. david: she's going. aber that could be as much as $200. this is not your kids toy. this is serious. david: and you can get that blue milk from the bar. alix: that would be super fun. can't you hook us up, david? risk aversion sending investors into bonds. taylor riggs has some of the details. taylor: i am going to kick it off by looking at australia and new zealand. take a look at my terminal on gtv . australia fell below the rba cash rate for the first time since 2015. new zealand 10-year gilts going also to ash 10-year gilts going also to a record -- 10 year yields going also to a record low. japan 10 year now negative nine basis points. since 2016.est in the u.s. it is really all about the inversion of the yield curve on the three month tenure. you are at -12 basis points, nowhere like the inversion we saw before the previous recession, given the low inflation and structural issues with qe. you really need to see that go to -20 basis points before we start to get nervous about a recession. nonethel

david: it was not the first title. was calling it "judgment in room 740," the courtroom in detroit where the americans activities committee conducted hearings in 1952 on communism in the detroit area. but i realized that -- that was early on in the process. i knew that i wanted to bring people into that room, not just my father and my family, but the chairman of the committee and the fbi informant and so on, so that was the nexus of the peace. but in the end it was more -- it is not a memoir, it is partly that but more history, but i knew that once i came across the quote from charles potter from michigan, who expressed surprise that somebody from a good american family could be a member of the communist party at any point, i said that is it. because i knew my family was a good american family in every possible way. so i wanted that tension to define the book. >> i want to put it up on the screen, your mother and father, tell us away in the picture was taken. and when you look at them, what do you think about them? in

david: it's not like the cloud -- and all your friends. ud is important for gaming. the third we are watching his boeing. brooke sutherland joins us now. now it is the simulator. brooke: the hits keep coming for boeing. you have to sympathize. there's something new every day. the latest development is the simulators boeing had to test out the conditions for flying the 737 max did not accurately reflect the significant amount of force that could be put on theplane's nose from software system implicated in both fatal crashes. if you remember, the pilots on that plane seems to be trying to follow the protocol boeing put in place to override that system, but the plane was moving at such a high speed, there was so much force on that knows that they could not corrected. now you are finding out the simulators would not have shown them what that would be like in the first place. david: i keep coming back to the days after the crashes when people say it was the pilots' fault, but they were doing everything they could do and more. brooke: exactly, an

david: you did not leave your commitment to education behind you when you went to harvard. are very committed to it, to the present day. roger: absolutely. david: you have done work on challenges to education, including undergraduate. what are those challenges? roger: the biggest challenge that is left now around education is completion. in the 1920's, 1930's, the big challenge that we had was getting people through high school. we have now managed to get people through high school. then, we had a challenge around access to higher ed. now it turns out 90% of high school graduates have some exposure to post secondary education at some point in the first four or five years after they get out. we have taken care of high school. we have taken care of access. now, the big challenge is completion. we discovered on average only about 60% of young folks who go into higher ed complete in four, five, or six years. the big challenge is no longer access. it is about getting people to and through schools. david: the challenge there is not that they don't just finish college, they also ru

are out now i would like to just thank you all for joining us thanks to our guest nicholas finney david not saying that and more and thank you too for watching you can see the program again any time by visiting our website i was there a dull call for further discussion go to our facebook page that's facebook dot com forward slash a.j. inside story and you can also join the conversation on twitter handle is at age eight inside story for me and the whole team head by for that. thank. you. becoming a living legend to the young was simply not enough. he transformed his influence on the pitch into political clout the book piece to the ivory coast. hosted by eric. begins with a look at the life of. the folks who succeeded with politicians. on al-jazeera. we understand the differences and the similarities of cultures across the world. you call home i'll just bring you the news and current of. activities on saturday. we will try and. venezuela's president control of the opposition calls for a military revolt of more protests. hello i'm. also a. standoff in the protest movement accuses the military

they are not that folks, but guess what, they are not the competition for us. davidpoint of view, that they are not really the competition for us. putting aside who is right, how does this play among constituents? go back to your home district, to what extent was trade an important issue? do people want us to get tough on trade or be nice with china? joe: both. democrats have consistently raised alarm bells about currency manipulation, the unfair nature of the trade between the u.s. and the deficits we have in terms of our trade. i did not vote for permanent normal trade relations with china. i didn't think they were politically or economically mature enough to be dealing with is on par. that has turned out to be true in large part. it's also true vice president biden is correct as well and that they have a lot of internal problems in china itself they have to do with the red when he says west to the mountains, he says the interior. at present quite a challenge for the chinese government, aside from the corruptions that he mentioned. in my district, it was not someth

they are not mentioning that consumption is down 1.5%. david: finally, boeing. lain. have they gotten this fixed yet? brooke: they have not. they do have a software fix ready. they have to file paperwork to submit that to the faa to get that plane recertified. the faa met yesterday with regulators from around the globe and said there is no timetable for giving that plane -- forgetting that plane back in the sky. they are not in a rush, which is the right approach here. you want to make sure you are doing your due diligence. the faa needs to rebuild its own reputation here. that does not bode well for boeing, especially as you hear rumblings from airlines wanting compensation for these groundings. david: they are weigh into this crisis, and do not have a timetable of when they will have an answer is a little troubling. brooke: boeing was promising they would have the software fix by early march. i think they were trying to rush things. we are seeing that this is a bigger deal than boeing made it seem initially. i think it is may be healthy to be taking a step back

searching the vehicle, investigators uncovered both nici's and david's dna but did not find evidence anyone else had been inside the car. it was time to take a closer look at nici's dream husband. here again is dennis murphy. >>> at the latest gym where david pietz worked, co-workers like troy wagman understood full well why david looked so rough. still, it was a hard thing to witness. he looked very bad. he looked like he hadn't slept. he had lost weight. he had dark circles under his eyes and he seemed a little bit more sad. >> while david pietz slowly got back to work after taking time off to mourn his lost wife, detectives intent on solving her murder began interviewing people from the gym world who knew the couple. starting at the facility where nici and dave had first met. >> bally's was the type of place that most of the rumors weren't really rumors. they were true. >> staff members agreed that dave, the alpha dog of the sales department, and nici, the buttoned down nice girl, were a hopeless mismatch. >> the more nici liked him, the more i knew she shouldn't. >> what dave saw