david: right. dr.ci: now, this antibody, as we're speaking, is being tested in the democratic republic of the congo as one of the potential treatments for ebola. david: so if somebody comes to me and says, "i had ebola and i'm ok now," it's ok to shake their hand? dr. fauci: oh, yeah. david: they're safe? dr. fauci: well, you may remember when we discharged the young nurse who got infected in texas, and i discharged her from the nih that i had a press conference, and i put my arm around her and hugged her, and it made the front page of "the washington post." the reason i did that deliberately was to show the rest of the world that when you recover from ebola -- david: what did your wife say? dr. fauci: she thought it was fine. [laughs] david: alright. this is something you decided you wanted to do in medical school or something? dr. sullivan: when i was in graduate school, i worked on hiv. and nobody knew much about ebola then, but i noticed that the glycoprotein that hiv uses had some similarities, we

david: what do you do?ationwide consultation quorum and asked for feedback. 80% said things we should. it was a surprise to us because our original concern was if we let that happen, what if something happened to the passenger? we do not encourage a drunk passenger to ride by themselves. they need to be accompanied by sober friend. david: how do you make sure your drivers are not drunk? jean: that is easy. david: how do you make sure drivers are drunk? jean: we have fdk on other drivers' cell phones. if they are speed driving, turn, wee, hard test immediately. we do facial recognition if we see anything random. david: in the u.s., there is a a lot of discussion about whether women are allowed to get senior positions and very few fortune 500 companies have few ceos as women. is it easier or harder in china? jean: i think you can always be a ceo or president. most of the time you're not likable. i think there is still a glass ceiling everywhere but in china, it is already a very encouraging work environment.

david: so what do you do?n: we put up a nationwide consultation forum and asked for feedback. 80% think we should. it surprised us because our original concern was if we let that happen, what if something bad happened to the drunk passenger? so what we do not encourage is a drunk passenger to ride by themselves, they need to be accompanied by a sober friend. david: how do you make sure the driver isn't drunk? jean: that is very easy. david: do you have a breathalyzer? jean: we have something on the driver's cell phone, so if they drive dangerously, speed driving, hard brake, hard turn, we test immediately. before he can pick up others, we would do facial recognition and there are phone calls if we see anything random. david: in the united states, there is a lot of discussion about whether women are allowed to get senior positions in companies, and very few fortune 500 companies have ceos as women. is it easier in china for a woman to be ceo of a company or harder? jean: i think you can always be a ceo or presi

david: it is better than mine.hter] when you graduate from harvard, did you decide to go to a great chinese firm like goldman sachs? jean: it was almost accidental to join goldman. i did a summer intern in the research division as an i.t. engineer in hong kong. i thought it was fascinating, what people are doing. i decided i wanted to apply for a full-time job. that's why i ended up in the investment banking division in hong kong. david: you went there after you graduated, you went to hong kong, and he stated there 12 -- and you stayed in hong kong for 12 years and became a managing director. jean: yes. david: most people would say if you are a managing director at goldman, life can't be much better, so you are on your way up to the top. why did you leave? jean: a lot of people asked me especially when i resigned from goldman, my ex-boss there said i can't believe you're drawing a -- joining a taxi company. when i first moved back to beijing, i found myself struggling in the middle of the street plate to drive in b

david: oh, really?n and actually, a lot of our : employees, colleagues, are from overseas, different countries. especially now that we have a global business. david: uber is now publicly traded and losing a fair amount of money every year, over a billion dollars per year or more. are you thinking of going public and are you losing money or making money? jean: well, we do have a specific ipo timetable, let's put it that way. back to the uber point, i am sure it is temporary. they are very diligent and experienced. for us, we think profitability is the natural result of the value you create. there are two things in china that are different from other markets. first, rideshare is cheaper than car ownership. that is a huge value creation you provide to users. secondly, in china, we are going through a transition that people, you know, people urge for better lives and want to spend more money. david: the average age of your customers is below 30? jean: 20-30. lots of them are students from college. or maybe

david: did you enjoy harvard business school? steve: no. david: did you want to drop out?teve: yes. david: you went out to raise a fund, was that easy to do? steve: i sort of looked at that and went omg, we are going to fail. david: in 2007, you decide maybe i should take the firm public. steve: i took it public for a lot of different reasons. i had a sixth sense that something terrible was going to happen in the environment. >> would you fix your tie, please? david: people would not recognize me if my tie was fixed. but, ok. just leave it this way. all right. ♪ david: i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? before we get into blackstone, i would like to talk about a couple of other things. you grew up in a middle-class environment in philadelphia, and now you are one of the wealthiest men in the world and one of the biggest philanthropists in the w

david: right. charles: and so -- but i am always sort of hanging around as the compass of the company. i gotta keep pushing the people who are going this way, it's north. david: so when you graduate from stanford business school, did you say, i'm going to join a private equity firm or a hedge fund? charles: as a kid, i wanted to find out how but i become successful. i found financial services was the way to go. ♪ david: so one of the causes you have is something i would like to talk about. you have been very open about it, unlike many people who have this problem. it is called dyslexia. for those who are not familiar with it, it basically means it is difficult for you to read in the conventional way that the average person can read. charles: right. david: but, the amazing part, in your book, as you describe it, is that you had it for much of your life, and you did not know you actually had it. charles: right. david: can you explain it? charles: our youngest son was about seven or eight. we had him

david: mishandled.laughter] >> would you fix your tie, please? david: people would not recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i do not consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? people say running an airline is not an easy thing to do. you have weather to deal with, energy prices to deal with, lots of employees and so forth but , you grew up in a family of nine children, so what is easier? [laughter] growing up in a family of nine children, or running an airline? ed: running an airline, certainly. [laughter] our family was great. i am the oldest of nine. and i was sharing with david earlier that when i was five years old, we already had six kids in the house, nine kids sharing three bedrooms. 1.5 baths. my dad was a dentist, he had his pract

david: you drive yourself? aliko: yes, i do. david: do people stare at you? the wealthiest man in africa driving himself"? aliko: they do sometimes, when they recognize the person driving. david: when you go to a restaurant by yourself, do they come up for selfies or do they ask you for money? aliko: they don't really ask me for money. but even here, and time when i go to places to either eat, you know, i get a lot of requests for selfies. yes, you know. it is normal. david: you have some outside interests. one of them, i think you are interested in, what we call in the united states is soccer, what other people call football. the arsenal team. is that a team you would like to buy someday? aliko: it is a team that, yes, i would like to buy someday. but also i keep saying today, we have $20 billion worth of projects. i think that is really what i want to concentrate on. you know, i am trying to finish building the company. after we finish, maybe sometime 2021. david: but you are not buying a team right now? aliko: i am not buying arsenal right now. i am buying

david: how many years away? jean: a long time. david: five years? jean: 5 to 10 years.: you spun that off because it will not be profitable in the near future. jean: we are investing in it. david: when you joined the company, you had a market value of $500 million more or less. let's say i want to invest at a $500 million valuation today, could you do that today? jean: not really, no. ♪ your father is well known in the business world in china. say you should go into a computer thing? >> not really. peking university and majored in computer science. at peking university, is it like the united states where there are more men than women in computer science? were 36 students. 30 or men. presumablyuated and did well. you decided to go to harvard. was that hard to get into? >> it was hard. >> you got a masters in computer science. did you find harvard easier or harder than you thought? >> i wouldn't call it easier or harder. it was more interesting. my key purpose of going abroad was to see the world and it was totally rewarding. >> your english is perfect. english? you get t

david: ok.the harvard law review and the columbia law review, you were flooded with job offers from the major law firms? [laughter] justice ginsburg: there wasn't a single firm in the entire city of new york that would take a chance on me. ♪ david: from the harvard law review and the columbia law review, you were flooded with job offers from the major law firms? [laughter] justice ginsburg: i had three strikes against me. david: after 13 years, did you think you had a chance to be on the supreme court? justice ginsburg: no one thinks, "my aim in life is to be a supreme court justice." david: when you first got on the court, were other justices saying, "we're happy to see you here, let's go have dinner together"? justice ginsburg: justice o'connor was the most welcoming. she gave me some very good advice. >> would you fix your tie, p

[laughter] david: neither.ou were a little bit wild, and you would do things that today i would think parents would not let kids do. when you were 13 years old, your parents would let you hitchhike around the west, is that right? gen. mattis: well, i maintained a degree of silence about some of my activities around my parents. [laughter] gen. mattis: but yeah, i did start hitchhiking. i think it was a more trusting nation in those days. and my parents were rather adventurous. they weren't irresponsible, and had they known some of this, they probably would've put the kibosh on it. david: how did you actually come to the marines? did you say, "i'm going to be drafted. i'd rather be in the marines than the army?" or did you, like my father, my father went in the marines and he said, "i like the uniform. it's a great uniform. i'm going to go in the marines." what appealed to you? gen. mattis: one thing was, i probably would have been drafted. it was during that era. but it was a little bit unexamined. it was more o

david: many people say no.l: once you pick what you care about, if somebody has something that can make a difference in global health, we are super interested. you know, we have a staff of 1500 people, and if it is to do with global health, some of those people come out and talk through with you whatever your innovation is and how we can partner with you on that. so that is clearly in our area. if it is something that can substantially improve k-12 education, then we are going to be very interested in it. if people are asking outside of those things, then, fortunately, you can say no, because focus is key to philanthropy. david: so people have recognized, over the years, that raising children is difficult. jackie kennedy famously said, if you mess up raising your children, nothing else matters. you have three children, seem to be well-adjusted, and you have kept them out of the newspapers and so forth. how do you avoid spoiling kids like that? bill: i think that is a huge problem. obviously, our kids have benef

david: i thought people would

david: when you think the u.s.be able to, if at all, get out of afghanistan with our military? gen. mattis: the point i can make is you can want a war over, you can declare a war over and order troops home, and then something the military says is, the enemy gets a vote. the idea that you can say it's not a problem anymore, the problems don't stay over there. you are going to have to deal with the world as it is, not the way you want it to be. david: you think iraq is a situation where we don't have to worry about what is going on there or syria? gen. mattis: we have to be engaged everywhere in the world. i think we need to intervene militarily with large forces less. but, it doesn't mean you can disengage. the greatest generation came home from world war ii and said, it is a crummy world and whether you like it or not, we are part of it. the bottom line is, we have to get together with our allies and stick together with our allies, because we need every one of them right now, and make certain we address these issue

david:ou started the company in 1999? marc: yes. david: if you had bought the stock at the beginning, you would have been up about 7000%? marc: 3500%, but who's counting? david: now that you own time magazine, do you get to pick the person of the year? marc: david, i realize you are a good candidate. i get it. i am not involved in editorials. david: would you consider running for office? marc: i think business is the greatest platform for change. we can do it. we can change the world. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? ♪ let me ask you about salesforce.com for those people who are not that familiar with it. there

david: ok.the harvard law review and the columbia law review, you were flooded with job offers from the major law firms? [laughter] justice ginsburg: there wasn't a single firm in the entire city of new york that would take a chance on me. ♪ awesome internet. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...simple, easy, awesome. [ barking ] ♪ david: from the harvard law review and columbia law review, you were flooded with job offers from the major law firms. [laughter] justice ginsburg: i had three strikes against me. david: after 13 years, did you think you had a chance to be on the supreme court? justice ginsburg: no one thinks, "my aim in life is to be a supreme court justice."

david: did it work?: it worked because the company was about to go broke and someone came along and acquired it, and luckily, it went up and i said this game is easy and i decided i would be involved in the markets. this game is anything but easy. david: in high school, were you interested in academics? were you a good student? ray: no, i hated high school. david: did you go to high school? did you cut classes or what? ray: i cut classes a fair amount. i cut classes to go surfing. david: did you have a hard time getting into a good college? ray: i got into c.w. post college on probation. david: on probation. ray: on probation. david: ok. but, you did well there? ray: i loved college. i loved college because besides mixing all the fun that college gives you, what i liked is that i could pick the subjects i was interested in and so i loved college. david: you must've done reasonably well because you got into harvard business school. ray: i got great grades. david: let's suppose i am a young college graduat

were the camp david accords. tell us about that, how those meetings came to be and what that entailed. >> sure. this was of course during the carter presidency. earlier that year, president and mrs. carter hosted president and mrs. sadat without the prime minister at camp david. that was a very warm and friendly meeting. several months in advance when they were contemplating bringing both sides together for a summit. very contentious time, multiple wars over decades between egypt and israel. time came to plan the summit, there were conversations between president carter and the national security adviser, where should this be, they looked at spain, portugal. president carter wanted a confined, intimate space away from the eyes of the press where they could be driven to talk to one another. they set aside initially three days for the summit at camp david, with protecting four additional days should they need them. they ended up spending 13 days there, 10 of which they didn't talk to one another at all. there were s

[laughter] david: alright.u have recently come out with a book, "call sign chaos" with bing west, and it is a terrific book. i highly recommend it. so explain what "call sign chaos" means, for those who have not read the book. what does "chaos" mean there? gen. mattis: so i was a colonel out in the mojave desert, and i had an operations officer from brooklyn with a rather droll sense of humor. one day, i was done with one of my brilliant ideas talking to my operations officer of this regiment of about 7000 sailors and marines out in the mojave desert, and i saw on his whiteboard "chaos" written, and i said, what is that about? he said oh, don't worry about that, you don't need to know about that. so i say, oh, yes, i do. [laughter] gen. mattis: i used some of my powers of persuasion. i waterboarded him. [laughter] gen. mattis: and i found out my irreverent subordinates had decided that my call sign should be chaos. "colonel has another outstanding suggestion." [laughter] gen. mattis: it was rather tongue-in-che

david: people would not recognize me of my tie was fixed. just leave it this way. i do not consider myself a journalist. i begin to take on the life of being an interviewer even though i have a day job of running a how do youity firm define leadership. what is it that makes somebody tick? talk about your career at bank of america and how you became the ceo because i think it is interesting. to go back to your background, you are from ohio and your father was a chemist? brian: my father was a chemist. david: you are the sixth of eight children. when you have eight children you share a lot. brian: you have to be very aggressive of always getting your share, let's say that. david: you went to brown university and you are the cocaptains of the rugby team. rugby is a top sport. tough asit is not as banking. brian: nothing more powerful to see one of those scrubs. i was never in there, because i was not big enough. it is a fantastic teamwork game. that is consistent. the teamwork, all players participate consistently

david: a global economic slowdown seems inevitable.uestion is -- how hard will it hit, and how long will it last? pres. trump: we can expect that by june 1, we will be well on our way to recovery. david: even as the downturn looms, businesses are taking steps to limit the impact. >> the price signal suggests less investment, less need for oil. >> we do see people taking advantage of new opportunities. david: coming up, leaders in business and finance discuss a key challenge of the

david: so what happened?k: very early on, in the first meeting that i had with president bush at camp david, he got his economic team together. he wanted me to talk about entitlement reforms. that was one of the things that brought me to washington. i told him i wanted to talk about a financial crisis. i did not see one coming like we had, but i saw excesses, and i had seen them in 1994. i had seen them in 1998. so the whole discussion was .bout that david: ultimately, the banking system came back in the financial system came back, but as you look at the system today, could something like that happen again? hank: i hate to say this, but we have less authorities today than we had then. ♪ e had then. ♪ david: lehman was on the verge of going bankrupt, and you did not have the authority to save lehman. i know everybody has asked you about that since then. in hindsight, is there anything you could have done differently? hank: boy, i tell you i do not , think there was. we tried everything we could to get a buyer.

david: that was dr. anthony fauci talking to our colleague david rubenstein. we will try to go back to kevin cirilli in washington because he is worth the effort. what we know about what is happening? kevin: coming in loud and clear. the president meeting with the florida governor earlier today. three points i would like to highlight. the president saying they are considering suspending international travel between miami and brazil and the second point, allowing for airports on international flights to do immediate testing as it relates to covid-19. obviously as we've been reporting, the airline industry as a result of this and testing for flights for covid-19, something that very much appears to be in the early stages in the short-term. the final point is the president as a relates -- we do not have the specifics of the executive order the president has signed, but we will be monitoring the president's remarks as a relates to tyson and the meat industry. david: does the president approve of the way governor desantis has been handling this. he has had disagree

david. great to have you back. [no audio] they are aiming to pass a loan program to help funding increase. that would be on thursday. the positive headlines are outweighing the negative headlines as of now. year y gilts -- 10 ields are higher. in eight basis point increase yesterday. you are getting a weakening the dollar by about 1%. it could be seen as some good news if some of the funding pressures are relieved. the hope and optimism is still moving through into the copper market. those are off 3%. copper has been searching to the highest now in almost three weeks after minds have been closing to reduce supply and some of the coronavirus headlines have been coming in showing signs of easing in these hot spots. flip up the board. i want to take you through, if you want, to take you through an 11 day chart. david: of course. taylor: this chart is getting us into so trouble because i'm getting so much twitter hate mail. take a look from the lows of the session, we are now up 20%. technically

david? david: thanks a much. coming up, we will talk with democratic congressman david crone of maryland about the prospect for a fourth round of spending. ons is "balance of power" bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. it is time to get a start to the week. last week was a big rally. last week the s&p 500 climbing 12%. today we have claytor 1% declines -- greater than 1% decline. interesting, because last week the nasdaq tech stocks underperformed. today on a relative basis, outperforming. can that strength bring stocks higher. interesting if we take a look at two different havens. the yen is climbing higher but havens bonds are trading lower. lots of uncertainty. 35% and up more than 20%, investors trying to figure out what is next. david: what is next is going to be earnings, something you and i talk about all of the time. we have bank earnings coming up that will be big for the markets. abigail: definitely. that is the catalyst everyone is waiti

david? david: thank you so much, mark. coming up, we will talk with representative haley stevens from the state of michigan. ons is "balance of power" bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. they negotiated through the weekend to try to get the neck spending package for the small business and for hospitals and testing. we go to one of the people who will vote on that, representative haley stevens from michigan, democrat. great to have you back with us, congresswoman. give us a sense of what you believe is in the package and when will they be likely to vote on it? rep. stevens: thanks for having me. i am optimistic we can reach a deal this week. i have always looked at these packages, particularly the first on package we did for relief coronavirus as triage. we are in an unprecedented situation, and we are doing triage so that we can prioritize the health and safety of every american, that is priority number one. two, so that our economy can see its way through

david: mr. vice president, your time truly is precious and we appreciate you sharing it with us today. thank you so much to vice president mike pence on the telephone. now we are going to turn to our white house correspondent who is going to give us his reaction to what we just heard from the vice president. josh? >> yes, it was good that we asked about the supply shortages, but what i didn't hear was an answer. whether they would respond to the calls of governors who coordinate the purchasing of this. we had cases where new york and california, for instance, are bidding for the same ventilators. the federal government doesn't seem to agree , that is one of the core questions here going forward in determining what the federal government can do to help deal with this. remember, we have a big change in tone a few days ago with the trump administration on this, they have committed to saying that the current forecast should have been about 100,000 to 200,000 americans would die out of this coronavir

david? david: thanks. coming up, amanda glassman from the center of global develop is here to talk about president trump's decision to stop funding the world health organization. that is next on "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. equity markets are up-to-date because of their is encouraging news about possible treatments. whatever the case, abigail doolittle is here to explain what the equity markets are doing. abigail: an interesting session for the financial markets on this friday. it has a lot to do with those reopening plans for president trump. what makes it so interesting is stocks in the premarket were much higher. .ow we have the s&p buy the rumor,of sell the news. traders hearing the word snapped up stocks quickly. in terms of those guidelines, there are lots of holes, lots of climbing ahead, and lots of uncertainty. 500 is off the highs of 3.5%. now at 1.4%. take a look at the nasdaq, now down .2%. that has

david? david: thanks a much. coming up, dr. richard besser, head of the robert wood johnson foundation, here to talk about his role on a counsel trying to get new jersey and some other northeastern states back online. ons is "balance of power" bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. dr. richard besser is the head of the robert wood johnson foundation and served as the acting head of the cdc during the time of the swine and has experience with these sorts of problems. we welcome him to bloomberg. i should say had the privilege to work for you for several years at abc news. i know how good you are. you advised public officials. it is hard because if you are a public official you want to encourage hope, whether it is a new treatment or whether it is some other treatment like we heard yesterday about sunlight and disinfectant. how do you allow people to encourage hope without distracting? how constructive or troublesome is it for public officials to suggest things like

david? david: thanks so much. the world of investing and investment banking is changed, maybe forever. we will talk to a man in the center of all of it, ralph schlosstein on, who runs evercore. that is coming up next on bloomberg television on bloomberg tv and radio. ♪ david: welcome back to "balance of power" on bloomberg television and radio. we want to check out the markets with the stock market being mildly up. abigail is here with the details. abigail: we have good news relative to stocks. the s&p 500 is up more than 1%. where the bad news is is the horrible jobless claim numbers. -- continue.s. disconnect between stops and this tragic real-world reality of the economy collapsing. it seems in the near term, continuing on the liquidity efforts of the fed. we have a little bit of underperformance for the stocks, the chips index up .5%. that could be an early tail on jitters on the part of investors, given that the stocks lead up out of march fed of the s&p 500. gains for union pacific, up 5.8%. we did have the