run fidelity when you were younger?il: i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. i was always interested in the business. it was impossible not to learn about it. between my grandfather and my father, they were both passionate investors, and they are both loved the idea of building a business that focused on taking care of its customers. and i always wanted to be involved with it. but of course, when you are young, you do not really know where life is going to take you. david: your grandfather started the company in 1946. abigail: he began life as a lawyer. and the family lore is he was frustrated and bored being a lawyer. and he got interested in investing and he loved the stock market, and he gradually drifted away from his practice of law. and this would have been in the 1940's, shortly after the securities act of 1940, which was the foundation that enabled mutual funds to come into existence. and he purchased a small legal entity call

run fidelity when you were younger? >> i never felt pressure to. i certainly never knew that i would goat to the position that i gotten to now. i was always interested in the business. impossible not to learn about it between my grandfather father. they were both passionate thestors and they both love idea of building a business but itssed on taking car of customers and i always want to involved. when you're young, you don't know what life will take you. started thedfather 19 -- 1946.9 sa >> he was a lawyer. got interested in reffing. he loved the stock market. gradually drifted away from his practice of law. been in theave '40s after the securities act of 1940 which was the foundation to comebled mutual fund into existence. he purchased a small legal called the fidelity fund. that had one employee and began using that legal entity to run friends, extended family and network of people. was how the business began. >> your father was at fidelity? organization was small when he joined. investment boutique. ceo.resent there

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fidelity. open an account today. >>> president trump today responded to north korean threws to cancel that planned summit with kim jong-un. the regime threw the talks into doubt yesterday saying it might pull out if the united states continues to demand that it unilaterally give up its nuclear weapons. today the president said he hadn't received any information that the talks about been canceled. >> we haven't seen anything. we haven't heard anything. we will see what happens. >> time to go. >> meanwhile, white house press secretary sarah huckabee sanders said that such threats by the north korean government were to be expected given the tough negotiations going on between the two the countries. we'll be right back. at some point, we are going to be able to beat als. because life is amazing. so i am hoping for a cure. i want this, to uh, to be a reality. um, yeah. allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned abou

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but what i question is her judgment and her fidelity to the core value of our nation. all -- that all people have is certain inalienable rights. and underlying these inalienable rights is our belief in the dignity of human beings, a dignity that's incompatible with the inhumane practices like torture. torture should never be part of the america -- of america's way of leading the world. during the height of the c.i.a.'s torture program ms. haspel ran one of the agency's most notorious black sites in thailand. brutal techniques were employed. it included waterboarding detainees, slamming them against walls and confining them in boxes for an extended time. there was a name for this treatment. it was called enhanced interrogation techniques, but we know better. this wasn't enhanced interrogation techniques, it was government-sanctioned torture, pure and simple. torture is immoral. torture is inhumane. frankly, torture is un-american. i agree with my colleague senator john mccain, and he's the one who speaks for the distinct moral clairt on -- clarity on this issue. that ms

fidelity. open an account today. throughout the campaign, donald trump bulldozed over whomever or whatever stood in his way. he attacked political opponent often in very personal terms but his most ruthless attacks were on the press something that's continued since the election. here he goes. >> as you know, i have a running war with the media. they are among the most dishonest human beings on earth. >> if you want to discover the source of the division in our country, look no further than the fake news and the crooked media. for the most part it, honestly, these are really, really dishonest people. and they're bad people. and i really think they don't like our country. i really believe that. they're bad people. they're bad people and they're dishonest people. they don't tell the truth. they don't write the truth. >> look who's talking. yesterday, veteran cbs journalist lesley stahl shared this insightful exchange she will with the president about why he keeps up those attacks on the press. >>

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. ♪ the smart ones look to fidelity to find them.ve you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪ >>> welcome back. let's get the inside scoop. so much to talk about. a great panel. white house correspondent for pbs news hour and msnbc contributor yamiche and betsy woodruff and white house correspondent for reuters jeff mason. jeff, first to you. you watched, we all watched, the president as he was getting ready, he wanted to talk, as hallie jackson pointed out and is ramping up what he is calling spygate and says people are saying, you all are saying, we are, not all saying, because there's no evidence of spygate but it's having an impact. >> certainly is having an impact. on him, inside the white house, and having an impact on the department of justice in the fact that he is now

he prevented me from asking more questions with a bodyguard so you have fidel castro doing same thing and then he would say well, we are on the wrong path. yes, we are on the wrong path. however, i'm so inspired boat what i see right now with the dreamers and the studentss from the massacre in parkland school. it's incredible how these millennial's we criticized so much in the past, incredible how the parkland survivors in the dreamers are taking this country in two important issues, donald trump and immigration, so that the future of the united statesth depends on the dreamers and on the parkland survivors i think we are in good hands so i'm inspired by them and i'm completely sure that this era will end and that the future of the us will be-- [inaudible] i see so many movements of resistance and rebellion s that i'm absolutely convinced that eventually we will be in the right. the us will do the right thing, i think. i'm on immigrants and i just one other immigrants to run the same opportunitiesi' that i had when i came to this country. host: august, 2015, iowa getting thrown out of

the smart ones look to fidelity to find them.e give you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪ welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com save up to 15% when you book early ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪ >>> we have breaking financial news. major economic decision by the trump administration to impose tariffs on many of america's closest allies. the tariffs will take effect at midnight tonight after last minute negotiations in europe fell apart. commerce secretary is defending the decision from paris. >> did we just declare a trade war on some of our cloesest trading partners and allies? >> not at

>> we've seen in one year a 45% increase t accordithe fidelity data. >> wow. >> we have seen a jump to above the 150,000 mark to accounts over $1 million. these are folks w have been saving for quite some time, working for about 30 years. the average age is 58 and keep in mind while 1/3 of that rise in what they've seen to that $1 million mark has beenn contributions, about 2/3 of them are market returns over the las5 10, years. that's a big part of why they reached that number. >> so let's say i'm one o those who has $1 million. how far is it going to get me? one thing to keep in mind, we're talking about traditional 401k plans so that is pre-tax money. when you take that money out in retirement, you have to pay taxes on it. if youe in a middle income bracket, that million dollars is close to $760,000. keep in mind where you live means how far that's going to go. go banking did a survey and they looked at cities where $1 million will last you and inus n, texas, it's great. it will last you nearly 26 years because the averagexpses you're going to have at 65 or older are $40,000 but in

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