joining me today on "bloomberg studio 1.0," outgoing president president, drew faust.ou have been president for 10 years and this is your last year. how do you feel? is it bittersweet? drew: i feel good about it. i think that jobs like a presidency have a certain rhythm. you move through an agenda and accomplish things and work together with people. it is good to have fresh eyes and somebody with another agenda, carrying -- you hope -- carrying your agenda forward, but nevertheless bringing new approaches and energies to it, so i feel terrific about what we have been able to accomplish. emily: you were the first woman president of harvard. when you took over, emitted made it a point to say, i am a of harvard, not the first woman president. why was it important for you to say what you said? drew: i felt people would label me as special or in a different category, or perhaps imply that i was there only because i was a woman. i did not want that. i wanted to make clear from the start that i was as real and complete and full a president of harvard as any of my 27 predecess

joining me today on "bloomberg studio 1.0," outgoing president drew faust.or 10e been president years and this is your last year. how do you feel? bittersweet? it.: i feel good about i think jobs like a presidency have a certain rhythm. you move through an agenda and accomplish things and work together with people. it is good to have fresh eyes and people with another agenda carrying your agenda forward, but nevertheless bringing new approaches and energies to it, so i feel terrific about what we have been able to accomplish. emily: you were the first woman president of harvard. why was it important for you to say what you said? labeli felt people would me as special or in a different category, or imply i was there only because i was a woman. i did not want that. i wanted to make clear from the start that i was as real and complete and full a president of harvard has any of my 27 i had anors, but interesting experience in the aftermath of that announcement, which is i got letters and messages from little girls all over the world saying how much it meant to t

as she passes the torch to her successor, faust opened up about her most recent and next chapter.ng me t

. ♪ emily: in february 2007, drew faust made history when she was appointed president of one of the most storied institutions in the world come of becoming the first woman president of harvard university. a civil war historian and author, faust let the university for a decade, tackling immigration and same-sex social clubs and raising record amounts of capital, well fighting to prove an ivy league education is worth the rapidly rising costs. as she passes the torch to h

my conversation with drew faust, outgoing president of harvard university.atch our full conversation tonight at 6:30 p.m. pacific, 9:30 p.m. eastern. finally, snape is pushing to become a bigger player in the videogame industry. developers outside make a games to be played through the app. it has said to already have lined up one gaming publisher to make games. all for now for this edition of bloomberg technology. i am emily chang. this is bloomberg. ♪ ♪ >> u.s. of stocks a slide to the lowest of since may end in a new concern of china. race that gains as a hawkish larry kudlow chimes in. >> a trade and a trade war, $74 billion -- >> how electric carmakers are giving new lease on life.

emily: some of my conversation with drew faust, outgoing president of harvard university. catch our full conversation tonight at studio 1.0 at 6:30 p.m. pacific 9:30 , p.m. eastern. finally, snap is pushing to become a bigger player in the videogame industry. it will let outside developers make a games to be played through the app. snap will launch a platform for the game this fall. it has said to already have lined up one gaming publisher to make games. that is all for now for this edition of bloomberg technology. i am emily chang. this is bloomberg. ? two, down, back up! our phones are more than just phones. they're pocket-sized personal trainers. last minute gift finders. [phone voice] destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet which could save you $400 or more a year. it's a new kind of network designed to save you money. click, call, or visit a store today. announcer: the following is a paid advertisement for the traeger woodfired grills, sponsored by traeger, but be

fausts object for the family you have the mixing of quaker form, germanic decoration, the work of a quaker craftsman made for a family of german descent. that represents what is being made to be an american. and pieces of cultures and recombine them to create something artistically special like this chest of drawers. we have only had a chance to see a small selection of objects from the collection. the vast majority is easily accessible and open to the public for study, forlorn -- for learning and enjoying. these objects are incredibly diverse from the very fine, to simple, to the big and small. all of these objects have one thing in common. they were made and used by diverse people who lived and worked in the early american south from the first english footsteps all the way through the beginning of the american civil war. maryland, lived in virginia, georgia, north and south carolina, tennessee, and kentucky. >> you are watching american americanase the -- history tv, 48 hours of programming on c-span3. follow us on twitter at c-span history for latest information -- the latest informatio

that was emily chang with drew faust.ely, theirost alma mater billionaires are bailing out the university from poor investment returns. get that story from the bloomberg businessweek. just to claim the premise of the story to us. isas you heard, sue faust retiring from harvard, she raised a tremendous amount of money. if you look at the endowment returns, those fundraising prowess is really help. the returns were 4.4% for the year that ended less june, considerably lower than the average of the ivy league peers. vonnie: as we say that, we have something handy were you can look that up. you can see that harvard is here, four point or percent return over 10 years. the irony here is that some pretty big investors are the ones that for the money into the university over the past two paulson, forohn example, who gave several hundred million dollars to the university. a sense of what they are doing right with respect to fundraising? that is still getting the big box even though they don't get the returns? keep in mind that an e

christopher faust. have prepared a statement because i get flustered and it's just better. >> that's okay. >> dear fellow san franciscans, i oppose approval of healthy spot pet store proposed location on 24th. it enjoys an ecomic er one-of-a-kind pet stores. they wouldlace businesses by r no ing bter quality or selection of products or services. our small brick-and-mortar businesses are under pressure from on-line retailers already. we need to do more to help them survive. let us not approve healthy spot's plan to drive them un as a neighbor, i like that our local shop owners are responsive to the neighborhood conditions, goals, and sensibilities. it goes beyond the selling of goods and services and extends to shared community and family experiences. they're a social destination unto themselves. they're what helps to make our area a walkable neighborhood. our shops continue to survive because of a customer base that enjoys the personal experience to or tg with their neighborse base for sale to the highe

and i when i went back back like a year a year ago to go and i and i built the first hill the faust of the first house of the sense and with with the different version from tintin is most most of them who asked of them who i met i met through a biotech check. and then we start he said if you'll be building housing the house we train local volunteer us we train local volunteers. and with the children also from the office the children also from the orphanage will participate financially ting painting and. it was just a beautiful experience just where we did a full experience where we. had you know and you know knowledge knowledge. and. how old we want to see the world we want to see the world. was was. was was. this is a this is a moment where we finished the time famine where we finished the time foundation which basically undateable which basically was to separate the whole house from the was to separate the whole house from the grounds on top of the tide grounds on top of the ties it was just magic it was beautiful it was just magic it was beautiful there so you see you there so you.

thousand -- faust hit back. let's hear from allen in virginia, supporting the tariff.aller: think you are taking my call. i support this 100%. it me make this as clear as can be. i agree with the callers who support this, but if we do a $1 billion deal with each country and they give us $900 million back for years and years and years, it is good for them but not good for this country. of course the europeans and the canadians, i saw them earlier today, and i understand they will not support their country -- they want to support their country but let's keep one thing in mind. iris is about free, fa trade. why can't the americans have a free trade deal? we give them 100% and they give us 75%. somehow it will be -- these do notc quacks understand economics and president trump is exactly right. if any person in business has a brain at all you can do this, but apparently some of these people cannot see this. have the right to believe and think what they want, but let's look at the facts and use a little common sense and do what is best for this country. i applaud -- host: o