>> the american founders believe something crazy.recognize that in a broken world you're going to need order of keeping. you will need restraints and discipline. you will need governance. i found her said let's try this experiment will rethink people are created with dignity and even though the world is broken and we are sinners and our souls are fractured and art people who want to take your life, liberty and stuff, we think it's possible to have a community based on self-restraint, self-control and self-discipline. that's the key. our founders really believed that you can have a big public square that was defined by the culture. and by universal human dignity. also by workers rather than governance. frankly, were doing a crappy job of teaching civics right now. we need to recover that sense of what smaller america is about. >> when were talking to parents wondering what to pass on to their children you're using your children as an example of how they're getting things. how they're trying to teach them. what a your best tips or tric

isn't some of what they are concerned about as founders? forget about which government, state or federal, government in people's lives and something as fundamental as the right to marry. the most consequential choice me make. why should government have any role given the people you are celebrating? >> that is a fair question and a question i raised with state government officials. why for what many is a religious ordinance and for a long time was part of our society because it was a religious ordinance why it needed to be a government decision at all. i raised this for the case that came forward the obligfer case. it is a fair question of why the government needs to be involved in the first place. once government does become involved in it, constitutional questions develop and one of those questions is which level of government. that particular question has now been decided. it has been decided by the supreme court. but the argument in the other direction is if it is not federal, it is not made federal by the constitution, then natural ques

in the book you say that a lot of people are ignoring certain founders. i haven't learned about it and i don't think this is in a maliciously just actually people who care about this stuff don't learn about some of these people. so who are some of your favorite people in the book that you talked about that you want people to know about? >> i really like the story of luther martin. the original antifederalists. most people don't know much about him. he was an interesting guy. he was drunk almost all the time. he was a successful lawyer in starting up virginia, went to maryland and then becoming maryland's longest-serving attorney general. it was also a delegate to the constitutional convention. he was a notorious restricting that one of his clients upon retaining him demanded that as a condition of the agreement between the client and the lawyer that luther martin refrain from drinking throughout the representation. so luther martin got around this particular for bread, soaking in branding and eating a piece of the bread whenever he felt like he needed a d

well said per that talk about another founder in your book, aaron burr. some people know from hamilton, the guy who is the bad guy in the play, but that there is sost much else to this story in your chapter really brings that out. gusto that is right. he is a fool who shot him as they say in the play. there is much more to it thanen not. he was the vice president of the united states, of course under thomas jefferson. post so even that story is interesting. >> guest: as is the fact that once he became vice president, he became this defender of thel little guy, this defender of those who face impeachment trial. facing impeachment trials -- well said. hardly a little guy. aaron burr, without regard to their station, newell that these people were facing a trial. they could either be treated fairly and with due regard for their due process or they could be rushed through and sort of a kangaroo court type fashion. it would've been very tempting to allow the latter to lean towards the approach he didn't. he instead looked out for the due process right. in part

spent a week at a hacker house with eight female founders, who were technology founders, livering in a hacker house, and the really interesting thing learned about -- researching this book was that the female trip to -- entrepreneurers in ten don't look like richard hendricks and aren't the programmer type you see in the media. they were from all over country. one woman, kerry, from santa fe, new mexico, two little kids at home. says this is the first time i've been able to actually breath and not have my kid all over mere. starting a company called benny heirs, which is a baby rental equipment company she wouldn't be the airbnb of baby equipment. when you visit your parents and traveling with kids and have all the strollers and cribs and all the toys to carry you don't have. to you can go from one state to another and rent equipment. so the was theres' could focus on her company with seven other entrepreneurs spent the week workshopping and training and learning, building her pitch deck so she can go out and pitch investors for capital to scale her business. so i met kerry and spent

we will be digging in so much more with the felix capital founder.e will be talking much more about the brexit debate. coming up, with the release of the u.s. jobs report coming up friday, we will hear from the ceo of hubspot. and what needs to be done to close the gap. this is bloomberg. ♪ basedne: berlin soundcloud is cutting nearly half of its staff. it's a cost-cutting move designed to increase its war chest against bigger rivals like spotify and apple music. sound cloud warned it was at risk of running out of cash. operations be consolidated into its headquarters in berlin and an office in new york city. offices in san francisco and london will be shuttered. and the bigger picture on jobs here, of course, looking at the united states. after years of the payroll growth of 200,000 a month, hiring has been disappointing. more and more companies are complaining they cannot find the right kind of workers and particular troop in tech. on the eve of the june employment report tomorrow, or international economics reporter michael mckee joins us from cam

i spent a week at a hacker house with eight female founders who were technology founders living in ahouse and the thing i learned about its female entrepreneurs don't look like richard hendricks. they don't act like the programmer type that you see on tv or hear about in the media. these women were from all over the country. one women in particular her name was kerry from santa fe new mexico. she had two little kids at home. she said this is the first time i've been in a vote to actually breathe and not have my kids all over me. she calls it the air pmb of baby equipment so when you visit your parents across the country and you are traveling with kids and you have the strollers and cribs you don't have to. you can go from one state to another. so she was there. she spent the week workshopping and training. she could go out and hit investors for capital start her business. i met carey and spent a week with her in the other entrepreneurs and the interesting thing about this program it was building a network of women not yours. you hear about the loneliness and it's so uncollaborative,

i think many of the founders that we spoke to didn't have technical backgrounds.y are starting a company that is a recovery tool or platform for addicts whether this drug alcohol addiction and has no technical background but solve this problem. there is a problem that they are trying to solve and they will go to any means to get this problem solved. i was going to say i had the chance last week to sit down with chief operating officer of the fastest growing career research platform today going head to head with linked in and said that if you don't love what you're doing and you don't thought you were put on the earth to solve this company that you are building you will never succeed because it is so hard to be an entrepreneur and three quarters of the startups fail. she was giving advice to a younger woman standing with us and basically said don't start a company just to start a company, started the company because you care about this problem you are trying to solve because you believe in it because the ups and downs are so extreme and the sacrifices our extreme.

but, at the same time, we are very founder-centric.le we look at data, we like to see passion, we like to see emotion between consumers and products, a service or brand. so we combine both art and science. our business is always about making decisions on the partial data, it is never black and white, it is always gray. caroline: i'm going to be asking you later about the geopolitics in europe versus the u.s. versus the u.k. and brexit but i want to ask about valuations because we are looking at companies, the nasdaq is down a percentage point on thursday trading. we see facebook, the fang dominating the most valuable companies in the world. how is it affecting the private sectors and the companies you want to back? frederic: our business is -- as we invest really early, way before, but valuations are always impacted by -- public multiples, generally. investing early, valuations become more of, it is more of a dilution for founders. if we invest x, 1, 3, or $5 million -- where does that money take the company do we believe that the post

erza client is co founder and editor in chief. lanhee chen is at stanford university and michael graham is the columnist for the boston heard. there's mcconnell trying to get a bargain or deal. president said repeal it and you heard mike lee mention that then he also has this other deal of obamacare plan and free market, free open insurance plans. any of those a route to success >> i have deep concerns about two out of three, i believe senator lee's approach is trying to get a state flexibility, trying to get the sort of federalist notion, i think mcconnell's bill does that. i think the concerns you brought up in the interview are appropriate. what will happen to the health of had those insurance marketplaces and the afford ability is effectively you're punting everyone that's got a preexisting condition and that subsidizing appropriately. with respect to the idea of repeal and delay i believe this is an awful game of chicken. what is to say they're able to get agreement in the future? they're not going to have budget reconciliati

so, interesting you bring up the founder. so, much of what you just relayed was on the silver screen in the past year in a movie called "the founder" starring michael keaton. your book wag not involved in the movie at off. you were not involved. correct? >> guest: no. >> but much of the same topics are in there. how much -- were there things they didn't get right. >> guest: many things they took poetic license with, but what is interesting for all the women and feminists in the audience, it was hard to sell a book just about joan, and when we learned about the movie being made by putting ray in the title and by acknowledging where the fastfood fortune came from, in a deeper way than initially i hoped to, that sold the book. so it's interesting that -- >> host: that is interesting. >> guest: -- made it more attract tonight to tell -- i think it is a better back to have told the story about where the fortune that joan gave away came from but it is interesting that even though joan alone is who is a great 20th century philanthro

at the same time we are very , founder centric.like to see passion, we like to see emotion between consumers and the product, service, or brand. we combined both art and science and eventually our business is , about making decisions much later. it's not black and white or it -- black and white, it is always gray. caroline: last time it was unilever, is it institutional money? is a global money? >> the bar to back us two years ago was very high. even to our surprise, the investor base was very institutional. people understand the venture business. they came from the u.s., from china, and they chose to back because they thought we were offering something different. caroline: coming up, there has been a slew of tech ipos as the u.s. market returns to form. we look at how they are faring and measure the outlook for the next crop of tech startups waiting to take the plunge. and alibaba has a new smart speaker. compete with the likes of amazon and google. who else is in the race to own your home? we will discuss that next. this is bloom

the founder of taiwan semiconductor, his fortune is ever-expanding.s stock price has been on a roll. he started the company in 1987 with help from the taiwanese government, as david mentioned. massive investments in chip plants has been a good is this, especially as smartphone demand has taken off. 17%,year, with shares of he became a billionaire based on his estate. he has done well, and they are hoping it will continue from here. emily: when talking to other wepliers in china, what have been able to glean about the outlook for the next iphone? peter: when you look at the key players, tsmc is one of them. another has shares on a tear. they're sounding optimistic about what is going to happen in the future. the overall challenge is, the smart phone market has gone from fast growth to slowing growth and shrinking in some quarters. there are concerns about whether there will be ongoing strong demand. the forecast of this year is for growth of 3%. we will see if they can deliver. honghai is another good proxy of demand for apple. emily: iphone 8 come are

caroline: how do you find those founders?have our tools, we would use data, we will catch signals. these days you can track things. time, we are very data,- while we look at we like to see passion, emotion between the consumer and the product. it is never black and white, it is always great. is it institutional money? is it global money? >> we are a startup in venture capital. two years ago when we launched our first fun, the bar was very high. understand venture business. people chose to back felix because they said that we were offering something different. caroline: there has been a slew of technology -- as the u.s. market continues to transform. alibaba is out to compete with the likes of amazon and google. we will discuss that. this is bloomberg. ♪ in the u.s. activity is up 243% compared to 2016. globally, it is up 96%. this comes on the heels of blue pierre moscovici what does this mixed bag create for the remainder of the year? we asked analysts. >> it does give me encouragement. as we have seen with other types of th

the state as i mentioned earlier with a rich history of our founders. we've seen that they proposed of life, liberty and the pursuit of happiness.we must honor their commitment to that. [applause] next, democrats will take it on the road, where on the road here and now we will take it on the road. to engage in conversation with the american people. this is not just about telling them what we are advocating, it's about listening to their concerns and how we shape this and refine it as we go forward. for the past six months, we've exposed the toxic special interest priorities at the core of the gop agenda. the american people deserve better. a better deal is exactly what democrats are fighting for to give the economic power back into the hands of the american people. and so as we go forward, we do so with the origins of our country and our patriarchs, the patriarch of our country george washington cautioned as he left office to beware of political parties that are at war with their own government. we don't want to be at war with anyone. we want to revital

we want to back the best founder in the segment. this is where we can see a big opportunity.aroline: how are you seeking them out western mark -- out? >> we look at data, signals. these days, using social media you can track and measure customer love with the number of flags on instagram and twitter. we are very founder centric. , we likeo see passion to see a motion between consumers and product, service, or brand. we combined art and science and our business is about making decisions much later. it's not black and white or it it is always great. caroline: last time it was unilever, is it institutional money western mark -- money? two years ago was very high. even to our surprise, the investor base was very traditional. people understand the venture business. because they back thought we were offering something different. up, there hasng been a slew of tech ipos as the market returns to form. we look at how they are faring and look at the next crop of tech startups waiting to take the plunge. alibaba has a new smart speaker. who else is in the race to own your home? we will

emily: your co-founder is josh kushner, jared kushner's brother.ous what kind of a role does he play today? mario: josh, my co-founder, we sat together five years ago and were complaining about health care experiences. my wife was pregnant, i did not know what will this cost me, where will this take me? we had cheat sheets. a year later, for my daughter's birth, it showed me the c-section rates that i might encounter the night of the birth using our oscar data so i know what to watch out for. josh was complaining about having gone to the er and having a bad experience getting health care in a convenient way. we have been in this since the beginning. what we spend our day on, we think about what is the next feature to lunch, how do we make our messaging more powerful, have our concierge teams? any member of oscar has four team members that can watch real-time the health care system. what is the next feature we launch? that is what josh and i talk about every single day. emily: there was a lot of noise around this administration, around jared kushner

redick co-founder alexis ohanian -- reddit co-founder alexis ohanian joins us with his take on the fightor net neutrality. activision blizzard announces the sale of the first franchises. the new england patriots owner went all-in. we are live in sun valley, idaho, with one of silicon valley's most influential voices. sam altman joins us to discuss why he is leading the charge to find the next governor of california. first, the fight over net neutrality, a host of internet giants from amazon to facebook joining forces to protest the rollback of net neutrality rules. earlier this year, the fcc voted to start unwinding net neutrality rules put in place by the obama administration. on one side, internet service providers like at&t, verizon, and comcast were largely in favor of less regulation. on the other, facebook, google, netflix, and other tech giants, who could be hurt if the government starts interfering with the internet. ajit pai has been pushing the proposal since his very first day in office under president trump. joining us now to discuss, reddit co-founder alexis ohanian, among t

founder jeff bezos.ew of a bigger move? samsung is unscathed despite the crises within the first half of the year. business is

it's interesting that you bring up the founder. so much of what you just relate was on the silver screen in the past year in a movie called the founder starring michael keaton. your book was not involved in that movie at all? >> no. >> but much of the same topics are in there. how much was in there that they do not get right? >> of many things that they took poetic license with. what's interesting is that it was hard to sell a book just about job. what we learned about the movie being made, by putting ray in the title and by acknowledging with a fast food fortune came from in a deeper way than i had initially hoped to that sold the book. so it's interesting that many more attractive to tell. i think it is a better book to have told the story of where the fortune that ultimately john giveaway came from. but it's interesting that joan alone even though she's one of the greatest 20th century philanthropist wasn't enough of a draw. she is as or more of a compelling figure than ray. >> maybe that will be your movie. >> ) and the actress

is it we're founders of who live revolution who gave their lives for revolution.endence, or revolution for independence. i think it was about an idea, how to give life to a renaissance idea that a country could actually be governed by its people, all of its people. it's wealthy people, it's poor people. it's people who can read and couldn't read, educated, uneducated. the revolutionary notion of the consent of the government. it seems to me that's ultimately why they say america was an idea, the idea that people could govern themselves, not a monarchy, not a governmental system that conferred, power on the elite or the military, or only the educated. an idea that ordinary people could do extraordinary things, given half a chance. it truly was a revolutionary idea. an idea that both startled, at the same time, gave hope to the rest of the world. it's an american idea that i still think gives hope to the rest of the world. i have traveled almost every country in the world. in the last 40 years i've met every major world leader without exception. why do they look at

so i want to know-- . >> stephen: what is that, founders first. >> so i believe that the founders of the company, cuz i'm usually investing in really early stage when it like two guys, a dog and a power point presentation. >> stephen: like airbnb you jumped in early on that. >> yeah, i think there were like 20 or 30 employees when i invested. it was like four or five years ago or something. but i want to know that the idea is audacious and that it is something that has like a gigantic total addressable market. i usually like it when at first it doesn't land in your ear right, like it almost needs to seem nonsensable. like the idea that people are just going to sleep on people's couches, and like everyone is being to be cool with that, is like,. >> stephen: is that the one that surprised you the post because all these things, so many of these things that you invested in have been successful. is there one that took off that you are like that kind of even surprises me. >> airbnb is shocking. fact that everyone would pay a little more to ride in a black car, like don't we just want to ge

the founders would have understood this. they knew they were building a constitution on top of economic assumptions and that someday conditions would change. i will end with james madison who thought about this problem over the course of his life. in 18 of 29 he sat down to compare the availability to move west with estimates for population growth. he thought it would be 100 years before america had to confront the problem of inequality. the institutions and laws of the country must be adapted and it will require for the task all the wisdom of the wisest patriots. think what we need today, wise patriots to reform the system so we could preserve the republic. [applause] >> i am happy to answer some questions. we have the microphone up here in the front so feel free to come on up, get in line, questions should have a question mark at the end. if you have questions, that will be terrific. >> your name first. first names are great. >> carolyn. this isn't exactly what you were talking about but something to think of. i always tho

this exercise is to turn these fellows into founders. >> we're breaking down barriers, showing empathy and helping with the playing field. >> reporter: its founder is catherine hoke, a former venture capitalist who fell in with the wrong crowd and behind bars herself. this is her way of giving back. >> i found it as a way to give second chances. >> every move from the dancing to the brags. >> we use competition to bring out the best in people all the time so that's why wii ask them to give their best brag all the time. >> reporter: they take courses that teach them how to turn their startup ideas into reality. on this the last tay of the program, nearly 30 eits are graduating >> reporter: they're coming face-to-face as they make their 30-second elevator pitches. >> reporter: the program worked for a former new york drug kingpin. he bus serving time when he heard about defy by then marte had lost 70 pounds while in prison, so marte knew his game plan. >> was already helping these guys in the yard and i felt like this was my calling. >> reporter: when he was released he started a gym cal

that to our founders were self-evident. and they thought self-executing.nlike any other nation in the world, and that is no hyperbole in that statement, unlike any other nation in the world, the united states is uniquely a product of our political institutions. you cannot define an american by race, religion, ethnicity. you can only define an american by an intuitive commitment to the notion that all men are created equal. endowed by their creator and guaranteed by that constitution. our constitution and our aid heerns to i harns to its principles why we're the most respected, emulated, revered nation in the world. notwithstanding what you hear today from some others. i was criticized most times totally justifiable criticism, about 12 years ago when i said in a major speech, that we lead the world not by the example of our power, but by the power of our example. that is not hyperbole. we lead the world by the power of our example. there's nothing guaranteed about our democracy, though. nothing guaranteed about self-governance. there's no guarantee that we'

i am the founder and president respectability-- >> are you having trouble hearing me? i'm going to start over. i'm the founder and president of respectability, a nonprofit organization working it fight stigmas and end real prejudice and to advance opportunities for people with disabilities. we're a nonprofit, nonpartisan organization and there are 57 million americans with disabilities. we are literally the largest minority group in america and one in every five people in our nation have a disability. the majority of people have a loved one with a disability as well and we're the only minority group that anyone can join at any time due to accident, illness or aging. respectability is very proud to be a member of the ccd, a group of more than 110 national disability organizations that want a better future for people with disabilities. as we have seen recently, overall the disability community is good at protecting

we learn the co-founder won't be testifying at all. fred: subpoena shim.ou: apparently they didn't think of that. this is getting bizarre. the house and senate committees, oversight committees, judiciary committees both are acting very strangely and it doesn't make a lot of sense. it's one thing to be bringing people in, but to be acting like it is a campfire roast is to me just asinine. ed: if they are not going to do it right and add something to the format of getting to the bottom of this story, don't play the game. lou: watching this kind of behavior -- first all, it's a terrible distraction from his agenda and administration. they are trying to subvert his administration outright. it's time to bring the leaders of the house and senate together and say stop this. ed: i couldn't agree more. lou: there is no bottom and no top. we can't get to the bottom if we can't find the surface. ed: you need someone to say we started these investigations. lou: "the washington post" reporting jeff sessions according to intel intercepts talked about the campaign with t

. >> 29-year-old founder ellen bennett foundly known as the apron lady is the burst of inspiration atelm of this movement. since 2012, her vibrant handcrafted design have been a favorite in more than 4,000 kitchens across the country. ellen was working as a line cook earning $10 an hour when she cooked up the idea for headley and bennett. >> no one thought about making an apron that looked good and was functional. >> reporter: the standard a white apron. >> it didn't fit, i wanted to make a better uniform and something that people felt proud to wear in the kitchen. >> the art of the high-end apron became ellen's daily focus. the lack of design experience never held her back. >> i had chunks and dreams and i had ideas. i had to be like, no, let me just tell you. we're talking about proper aprons. they're made out of japanese denim and handmade in los angeles. and every pocket is reinforced and then put it on their body. tie it on and then they'd love it. >> the steep price tag wasn't a hard sell either. >> you look at the craftsmanship that goes into and you think this thing will liter

sot: theresa russell, richmond street angels founder// "i'm really scared that she has been shipped for human trafficking or worse. i don't know that's really scary." larissa also goes by "rissa". she is 5 foot 2, around 105 pounds. in hayward ella sogomonian kron 4 news. (justine) in the south bay... two people were seriously hurt in a chain reaction crash on highway 280 in san jose. five cars were involved in the pile-up just after midnight...north of mclaughlin. the chp reports.. it started when one car hit a wall .. people who got out of their car to help... also were hit with car parts. when emergency teams arrived they found people scattered across the highway. four people were hurt... two of them taken to the hospital in life threatening condition. "it took us a while to determine exactly who was involved and how they were involved. obviously if you have a bunch of cars scattered across the freeway it takes a little time to figure out what happened."(justine) the chp is investigating if drugs or drinking played a roll in the crash. (jr stone) in national news tonight... nine bodi

think of it, madison was the most reserved of the founders and he married the most flamboyant woman. >> yes. >> i think they truly enjoyed one another. there is this one story that sticks in mind of dolly -- it's almost bizarre. dolly and james running across the lawn in front of montpelier and then they would run the other way and sometimes dolly would carry him on her back. >> great little madison or she sometimes said darling little gemmy. onest founders once wrote that the quote was that they could defeat madison if only it wasn't for dolly. so she was quite a firecracker. >> there was a senator who wrote home to his wife, senator mitchell, in the lead-up to the election of 1808 who pointed out what a great advantage madison had over george clinton because dolly was entertaining everyone. >> sure. was there anything about their marriage -- it's truly the odd couple when you look at them. in every single way. was there -- but i think that they had a very strong and productive marriage. anything about the marriage that you felt was particularly inspiring or interesting? >> well, th

a number of entrepreneurs and founders are coming public with their stories in a number of prominenttors stepping down to talk about her experience, jennifer hyman is co-founder and ceo of rent the runway frequent guest good to you have back. >> hi. good to be back. >> it feels like it's a dam is breaking in terms of people coming forward with stories that happened to them or people they know certainly true in your case, right? >> yeah. i think that women who have come forward thus far have really been brave and are pushing for change in my case, i was sexually harassed while building rent the runway several years ago both propositioned, sexual text messages, kind of harassed and threatened in person and initially actually i was going to keep it entirely quiet. and then this individual decided to call one of my board members up and say that i was being unresponsive and that was actually challenging if i was a good ceo because i didn't get back to people in the investor community. and at that point i decided to be completely transparent with my board i showed my board the text message

talk about not as a founder what happens in the churning of the founder?> there is little evidence. bill gates changed after he became a philanthropist. mark zucker berg grew. steve jobs didn't change but he grew tremendously. it's a great question. i structured my book around lessons you can learn both for entrepreneurs which steve jobs considered himself to be one and corporate executives. >> what about tips? there are hundreds of founders. what do you think the key assets are for things to avoid obviously not writing that memo but think of some -- >> i will give you -- i mean, the one that was uber did from the outset of the core tenant of what apple did which is laser focused on things and when uber was thriving and growing they were focused on one thing which was making a huge. steve jobs took this in an art form they were going to say no to more things than they were going to say yes and they were only going to make products on the conference room table. that we could have a long conversation about the fact that it's over. they are investigating flyi

axios co-founder jim vandehei joins us on the fast line. jim, it's always great to speak with you. >> great to be here. >> what's your interpretation of what happened today? >> listen, i think it's certainly a good thing if you're looking at it through the market they have to restore discipline. improvisational style of the trump show doesn't work. we say it on health care and the fact that they bring in general kelly, that's a pretty decisive decision. sort of a law and order type of person running this staff. oust somebody that president trump wanted in there shows that he has more command and control than what was anticipated. so long term if you're thinking about tax reform, they probably have a better chance of making republicans feel comfortable on capitol hill and getting the different parts of the white house to work together on tax reform with general kelly running the white house because it was so -- such a hot mess weren't on track tax reform is still a difficult one to do, but i think they're in a better position than they would

the founder, what happens to the journey of the founder. >> there's little evidence that gates changed after he became a philanthropist. gates hasnever changed. zuckerberg room which is different from change . steve jobs didn't change, he also grew tremendously but you know, it's a great question. i structured my alphabet all around lessons that you can learn from apple both for entrepreneurs which jobs consider themselves to be one and the corporateexecutives . and so. >> what about tips, >> from uber. >> you've interviewed hundreds of founders, what do you think bt assets are more things to avoid, obviously not running from there but think about some assets. >> the one that, what uber did well from the outset was a poor incentive of what apple did well which was to be laser focus on as few things as possible and when uber was thriving and growing they were focusing on one thing which is making over huge and jobs sort of took this to an art form. they were going to say no to more things than they were going to say yes to and only going to products could fit on a conference table. that

[ applause ] [speaking in a foreign language] >> of course, i would be remisnot to recognize the founder of the heritage foundation and our interim president ed fulmer. he believed in the potential of america's transpacific relationship long before there was a trade agreement named after them. he established and continues to chair the asian studies center to nurture them, thank you, ed. [ applause ] [speaking in a foreign language] >> ed, thank you for allowing me to do the honors today. the u.s./vietnam relations have been on a study deliberate trajectory for more than 20 years. and for good reason. we have a range of converging interests from economics, to security, to geo politics. and while we have our differences on human rights, for instance we have developed a relationship that allows us to discuss them with one another with productivity and without rancor. [speaking in a foreign language] >> mr. prime minister, despite the changes here in washington, and hanoi for that matter, i see your visit to washington as the next logical and important step in this evolving partnership. than

founders were careful about each word. when they came to that sentence they could have written if the president of the united states was tried the chief justice shall preside. no because they believed it was inevitable, they wrote when the president of the united states is tried. the constitution grants the congress with the founders believed were most of the government's most important powers and yes the president could nominate a supreme court justice but only the united states senate could confirm that justice. over time with the congress the modern president and the agent of intercontinental missiles has rur usurped some of congress's power. we now have a president who knows nothing of the constitution and knows nothing of our history and by all appearances arrived in the job surprised that congress had any power over him at all or the courts had any power over him. 241 years after the declaration of independence, 228 years after the constitution, how are the founding documents holding up against what might be the only

the founders owned slaves, some of them. what we have now is a complete surrender, a complete surrender of the congress to try to defend the institution and a president who has already long since surrendered to russia. >> but congress created the law that has given us the special prosecutor we have now, and that special prosecutor is not someone who is going to bend to political will. >> well, i guess we're lucky that we have someone and that we feel that strongly about, and i do trust him. i still don't think it's off the table, lawrence, that he will fire him or he will make somebody else fire him. >> mm-hmm. >> and, you know, his lack of curiosity about the mechanics of the interference with our election, even let's leave aside his potential or his campaign's potential involvement in it. the lack of curiosity about what happened and the lack of determination to make sure it does not happen again is astonishing to me. i mean it's such an abrogation of his duty to protect the country. it's just not even interesting. >> ther