dr. michel? >> the question being? >> nature of money in crypto. what would make a crypto currency a currency not just an asset? bitcoin, michel coin. >> i like the sound of that one. that's good. if we're talking about a medium of exchange, then what we have is either a currency or substitute for currency or substitute for money. it's all digital, maybe we shouldn't call it currency. the idea is what is the medium of exchange? and my whole point is that people should be allowed to use whatever medium of exchange that they want to use. the fact that many people think that the fed is great and the fed is fine and we should just stick to the central bank that we have, that's wonderful. if nobody else ever believes that way and no one else develops any other form of money, no problem. but if somebody comes up with something better, we should allow that to take place. >> you highlighted earlier that the government shouldn't favor one or the other. we clearly do. we coin the money. and we have the official money, the legal ternd in the united states. mr

dr. michel: what is the medium of exchange? my hope i is that people should be allowed to use whatever medium of exchange they want to. many people think that the fed is great and the fed is fine. we should stick to the central bank that we have. that is wonderful. nobody is going to use one. if somebody comes up with something better, we should allow that to take place. you said that the government should not favor one or the other. we clearly do. we coined the money. we have the official money. we have the legal tender in the united states. how do you see migrating the path? currencyck: to be a you have to be readily accepted in settlement payments and debts. you have to be a unit that is used to denominate contracts. that means that people in theral believe that currency will be available and accepted by other people. they have to believe that other people except that. everybody else has to believe that other people will accept that as well. creationtrange social that comes out of believe act up by sense of enforcement. -- >

dr. michelle monje-- dr. michelle monje: there are a lot of tumor cells in there. garvin: a pediatric neuro-oncologist and researcher at stanford university school of medicine. michelle: but like this. garvin: it is why, just hours after jennifer's death, we were in dr. monje's lab, witnessing the first steps in an ultimately successful attempt to create stem cell lines from jennifer's tumor, adding a glimmer of hope in the treatment of a disease that hadn't seen a meaningful advance in the past 50 years. michelle: jennifer's donation gave us a tool that we didn't have. garvin: but to useifer's tony come back into the picture. libby: and then i just talk about, like, why "unravel." garvin: after jennifer's death, they started a foundation, unravel, funding pediatric cancer research, but not in a traditional way, giving directly to researchers and speeding up what otherwise could be a year's long process. libby: traditional funding funds proven science. proven science for kids with dipg means certain death, so that doesn't make sense. let's fund some new ideas, some

dr. michelle i think if i remember article one right. queenie money is an enumerated power of the congress. we get the question this morning. whereas all of this would still be pursuant obviously to congress saying that we are doing this. tell me your views on this legally. i hate to venture a guess because they seem to be able to do quite a bit without legislation. and then dr. beside a question for you. he talked about this because a block chain truly and innovated area. you and make some forms of money or credit obsolete. if you think about this. many inefficiencies. if you think about payments. both are painfully slow sometimes. it can could make transactions much easier. it lives down the cost. that could affect the traditional model. they take over. in my time remaining mister chairman and since this is the monetary policy committee. the recent writings on the 40th anniversary of the humphrey hawkins act one of my personal favorite laws. and we celebrated the day quietly. i always find the goals odd i didn't get to ask my question.

dr. michelle monje: jennifer's donation gave us a tool that we didn't have. ♪ ...birthday to you. announcertheir homes, but these santa rosa neighbors are determined not to lose their bond. scott wise: we lived on that street for almost 30 years, and we've done a lot of life together. linden keiffer: man, that is such a wonderful field. why can't--what if we can use this? announcer: a hayward school security guard doesn't stick to the job description, and beautiful things begin to happen. linden keiffer: i'm just not here to secure your body. i wanna secure your mind. announcer: but first-- pati poblete: i wish none of it had to happen. announcer: a north bay mother turns grief into action and puts it on display for all to see. pati: i'm gonna transform this so't d in va. announcer: here's nbc bay area's garvin thomas. garvin thomas: thank you so much for joining us. among the most difficult and controversial issues facing our communities these days is gun violence. there is no denying though, too many lives are lost to it,

michelle? >> beyond? that begs the question. where else might we see these programs? >> any time we hear dr. waller talk, it's not "i." as i congratulate you for being on the saturday show, be mindful t anthony has been noun to burn out a few cycling machines at the local gym. so be careful, okay? >> i want to say, that was a very crowded saturday night service, i notice. >> which was impressive. anthony, that speaks for the growth of the church. indeed their saturday night services are packed just like the two services on surnlds. >> all right. j.b. coming to us from d.c. thanks, j.b. >>> in the age of the internet, smartphones and 24-hour news. getting away from it all has taken on a whole new meaning and necessity. up next, we'll look at the growing trend of wellness travel, places where you can unplug, unwind, and restore both body and mind. you're watching "cbs this morning: saturday." >> announcer: this portion sponsored by toyota. let's go place is. . ♪ easy... ♪ ♪ [engine accelerating] get outta the way! ♪ they've gone wild! ♪ saddle up! ♪ toyota. let's go places. oh! i have no idea what's in princess toast,! b

dr. nolan higdon from cal state east bay... about the relationship between mr. trump and mr. putin. (michelle) a federal judge has temporarily halted deportations of families who have been recently reunited. the a-c-l-u filed paperwork after rumors of "mass deportations" following the reunification of children with their parents. government lawyers now have one week to respond to the a-c-l-u's concerns before the judge decides. the trump administration says they have completed reunifying all eligible children under the age of five and will reunite older children on a rolling basis. (grant) developing news tonight... a "lava bomb" -- or a flying chunk of molten rock -- hit a tour boat off hawaii's big island today, injuring 23 people. the lava bomb left a large hole in the boat's roof and damaged a railing. 13 people were taken to a hospital, while another 10 passengers with minor injuries were treated at a harbor. one woman in her 20's suffered a fractured femur. hawaii's kilauea volcano started erupting in early may, sending lava into residential areas on the big island. those eruptions have

michelle griego and kenny choi will have all the news you need.. to start your day. good night. >>> late show with stephen >> drember this: cannot change the laws of god. when he has visited you in some form of adversity and he brings you through that, that's like he has increased the strength of the foundation of your life and your faith in him. [music]

michelle wolf comparing i.c.e. enforcement officers to isis terrorists for a skit on her netflix show. dr.ction to that? >> you know, i don't know how these comedians don't learn from their previous mistakes. "saturday night live"'s skit on isis failed miserably. on the one hand, they claim if the right mocks islamist terror and other things, that somehow that's culturally insensitive. and yet if they use it to attack our law enforcement, equating the slavery that isis does, beheadings, shah eerie ya law, to the -- sharia law, i'm not only offended as a muslim, but especially as an american i'm offended. to compare our civil servants trying to keep the rule of law to some of the most heinous, barbaric individuals on the planet so offensive and by no means works as far as comedy's concerned. elizabeth: dr. jasser, great to see you. thank you so much for coming on the show, really appreciate it. >> thanks, liz. elizabeth: now to your money and your kitchen cabinets, a massive e ritz cracker recall due do to food-borne illnesses. and salads from mcdonald's have sickened 163 people in ten stat

dr. weinberger practiced medicine usually had all the luster of -- but for weinberger and his wife michelle late december 2001 was just another caribbean holiday. >> it's a beautiful day here. >> it's perhaps good that the happy couple couldn't see the future on a day such as this because there was so much unhappiness ahead. in three years, he would be on the run, somewhere in europe, and she would be alone, brokenhearted and bankrupt. of course, they had no way of seeing any of this coming. not here. not on this night. >> new year's eve 2002. i've never been so happy in my whole life. this is my dream. >> but far to the north in indiana, one of dr. weinberger's patients, phyllis barnes could clearly see her future was looking grim. >> my sister went through hell. >> phyllis' sister peggy hood says phyllis' road through hell began three months earlier when she went to see dr. weinberger. >> she had trouble catching her breath. she seemed to have sort of cold-like systems or bronchitis. she just seemed rundown. >> you thought it might be allergies or a cold. >> yeah. >> it could have been a

michelle caruso-cabrera. >> it's not a -- you go -- mr. sorkin is okay >> is ross sorkin preferable >> no. but dr.orkin or professor sorkin is nicer. >> when you call a bald guy curly or something >> first half of 2018 in the books. what is next for the retail sector >> it's been a strong first half for retail consumer confidence is strong, unemployment is low. the strong economic backdrop, one input for the outlook for retail going into the second half from the summer on is where you'll fine the three biggest shopping holidays of the year. amazon's prime day historically in july, we don't know when yet. but we think we might know black friday and cyber monday fall in november double digit growth across the board for those three shopping holidays analysts predict that prime day will play a big part in back to school sales for many parents. some wait until the fall either way, they predict the prolonged school shopping spending season, try to say that three times fast the cycle that began after last year's back to school season ended. next up, it's time for retailers to deck the halls. last year's