michael: we met in seventh grade. david: so you didn't date around in the seventh grade? [laughter] david: can you explain how you kind of invented high real bonds -- high-yield bonds? michael: to de-risk america, you don't want to be dependent on a handful of banks. david: you came down with prostate cancer? michael: i have lost 10 relatives. david: what is it you did that helped change the way finance things? michael: we collect data. david: do you have regrets in your financial career? michael: sure. >> 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? you signed the giving pledge, agreeing to give away half your money. what did your children say about that? [laughter] michael: well, it is interesting. they h

this year my daughter is in first grade. and in the first grade, the teacher who taught in the class left to teach another class and the experienced teacher. the teacher isn't there now. >> voice of translator: >> voice of translator: now we have a new first grade teacher. initially it was okay, but lately, when is asking my daughter has school is, she says sometimes there is no teacher and sometimes there is no homework. >> she say that i don't want to go to school. can i change to another school? and then i don't want to apply to another one. i don't know how i can do this. usually i apply -- [applause] >> okay. my name is angel. i am currently enrolled in an sfusd school. i am here speaking as part of the visitation valley elementary school community, and it's honestly, this situation is quite stressful because i have brothers -- i have my brother that has gone to the school, and i have my younger brother that is currently in the school who always comes home saying, i haven't learned anything. nothing is going on. there i

minus jobs being created by investment-grade companies. think going forward, i am going to devote a large percentage of my time here to what i call living the american dream. david: you are creating a center for the american dream. so why don't we conclude with what you think the american dream is all about? michael: i think the american dream, which is so unique, is the chance to succeed based on your ability, your willingness to work hard, your knowledge, your insight, which is one of the most valuable qualities. now i can't tell you how depressed i am when i see that 26% of americans under 30 think they are going to have a better life than their parents. or a long time ago, it was 90%. so why do they feel that way? why do 50% of americans under 30 think socialism might be better than the free enterprise system? you can see socialism in venezuela playing out. and so, something is missing. and i think, as i have been focused on it, one, it is hope. what i see is a large percentage of americans don't see that hope. they have their student

>> yeah, i mean like -- >> jimmy: eighth grade's tough. >> eighth grade is very tough.iends know you were going to do this movie? >> they did not. that was actually the fun part. it's 'cause like, i got back from high school and no one knew and then my teachers actually played the trailer after it came out and that was very awkward. [ light laughter ] >> jimmy: that's a little weird, right? >> yeah, it is like, you know? it's like when parents -- it's like if parents were to show home videos to your peers. not your friends, but -- like -- >> jimmy: not your friends, but yeah. >> like, your co-workers. >> jimmy: yeah. yeah, that would be odd. yeah, absolutely. >> yeah. >> jimmy: but did they freak out, and like go, "oh my gosh." >> no, it was like -- it was cool for like 20 minutes and then it's like, oh, that's just nerdy elsie. >> jimmy: no way. >> yeah. >> jimmy: and then you went into high school? >> well, i'm actually doing home schooling now. >> jimmy: you are? >> yeah. high school is just too much for me. [ laughter ] >> jimmy: oh, please. really. is acting your l

feels like eighth grade.eighth grade and it just never really stops. >> jimmy: yeah, i will agree with that. i thought you did such a great job. there's people impersonating you and like, doing you online and on tiktok. really? on tiktok? >> jimmy: yeah, they're lip syncing you on tiktok. >> oh, god.f fun. >> jimmy: yeah. you hit the big time now, pal. >> oh, yeah. you know you made it when ople tiktok you. [ laughter ] >> jimmy: i've always said it. i want to show everyone a clip here. here's elsie fisher in "eighth grade." take a look at this. >> can you not look like that, please? >> what? like what? >> like the way you're looking. >> looking at the road? >> you can look at the road, dad. i honestly didn't mean that. just like, don't be weird and quiet while you do it. >> sorry. hey how was the shadow thing? >> no, you were being quiet. which is fine. just like, don't be weird and quiet because i look over at you and i think you're about to drive in a tree or something and then i get really freaked out and

they were the best-graded cards out of all of them that we had graded. >> ladies and gentlemen, let'sand furious, the family sees one lot of nine cards go for $40,000, a second lot of 27 cards goes for $286,000, but the real clean-up hitter of the night, the only psa gem-mint-10-graded card of hall of famer honus wagner in existence. auctioneer: >> $240,000 solid. i have the cut bid. anyone else? done! $240,000! >> we're flabbergasted. this is a wonderful gift from our grandfather and from our aunt. what more can you ask for? >> the family's total for the night? it's a very promising start, but they've also sold their best cards. does the black swamp find still have enough gas in it to get the hench grandchildren to their $3 million goal? that's next. [speaking in italian] ...i just got my ancestrydna results: 74% italian. and i found out that i'm from the big toe of that sexy italian boot! calabria. it even shows the migration path from south italia all the way to exotico new jersey! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com >> now back to

they were the best-graded cards out of all of them that we had graded. >> ladies and gentlemen, let's do lot 001. it's the 1910 e98. >> in bidding that's fast and furious, the family sees one lot of nine cards go for $40,000, a second lot of 27 cards goes for $286,000, but the real clean-up hitter of the night, the only psa gem-mint-10-graded card of hall of famer honus wagner in existence. auctioneer: >> $240,000 solid. i have the cut bid. anyone else? done! $240,000! >> we're flabbergasted. this is a wonderful gift from our grandfather and from our aunt. what more can you ask for? >> the family's total for the night? it's a very promising start, but they've also sold their best cards. does the black swamp find still have enough gas in it to get the hench grandchildren to their $3 million goal? that's next. i really didn't expect to learn so many interesting details. ancestrydna was able to tell me where my father's family came from in columbia. they pinpointed the columbian and ecuador region and then there's a whole new andean region. that was incredibly exciting because i really d

brian: what were your grades at roper? know you went to grosse pointe academy first, and to roper in detroit, but what were your grades coming out of roper? zachary: they were great. we did not really have a gpa, but we had an average, and mine was 96%, 97%. brian: what were your grades coming out of bolus? and in the online school? zachary: very similar. it was 96% average, around their. -- there. brian: how did you get into williams and did you try other colleges along the way? zachary: i had been in contact with admissions officers at williams and at harvard and a number of other schools, but i narrowed it down to those two. harvard because of every reason anyone would apply to harvard, known as the best, the best name recognition, phenomenal scholars, phenomenal alumni, respected everywhere. williams because from the research i had done, i heard about this thing called tutorial courses students and one , two professor, and that seemed like the idyllic intellectual engagement i wanted to be part of. williams was compell

learning in second grade.laughter] i would come home and i was like mom, we didn't get homework again last night. i don't know how we're going to be prepared for third grade. this is outrageous. i was that kid. [laughter] and your mother wonderfully said i wasn't raising children, i was raising adults. >> michelle: she taught us to express ourselves and speak our minds but to do it politely, but at the same time she was a mother who fortunately because my father worked so hard allowed my mother to stay home from work. . . >> parents can be advocates very powerful ways early on for kids when they are young. >> that wraps up but tvs coverage of the book to her for the best-selling memoir,

learning insecond grade. i would come home and like mom, we didn't get homework again last night. i don't know how we're going to be prepared for third grade . it's outrageous. i was that kid. and your mother, wonderfully always said iwasn't raising children, i was raising adults . she taught us to express ourselves and to speak our minds but to do it politely. but at the same time, he was a mother who fortunately because my father worked so hard, allowed my mother to stay home from work so she was one of those handful of mothers in the schools looking out not just for her own kids but for all the kids who didn't have parents who could be at home and she went up to that school and because she heard my cry and my complaints seriously. i say this to say that parents can be advocates in some very powerful waysearly on for kids when they are young . >> that wraps up the tv's coverage of michelle obama's tour for her memoir becoming. if you missed any of the segments we've shown you today, or would like to see the

this is his call of the year, to hang in there with investment-grade debt and spreads to rally a bit,t in the longer-term there might be some pain ahead but when you are looking at the fundamental picture, company earnings are very strong. earnings are growing at a steady, strong rate and he is not nearly as worried as some of the other names in finance who are calling for investment-grade debt to be the catalyst for what could be the next recession. that sounds hopeful, and he is a great guy, made some great calls in the modern era, but you have three times earnings, debt loads for a lot of investment-grade companies -- he is not worried by that? molly: he does acknowledge that leverage is slightly higher. that is something that is not disputed. when we look at the cash flows of these companies, being able to service debt and how interest rates are still relatively low -- compared to where we were in the last recession, you are looking at still relatively lower interest rates sales, so debt service is much healthier than it was in the last downturn. taylor: what if you are looking to

and as we related that there was one point in second grade. about h. about two weeks after i compound to him what interests is. we got a pone call from the second grade team teacher saying know that jonathan is suppliesselling school to his peers but he is actually lending them the money and charging them the interests to do it. i dip know where whether to be upset or proud, but at one point, one of the teachers joked be careful becauseyon than is refinancing the home loans but was smart and clever kid, but was also suffering all along. yeah. wifeas there, you know, my and i talk a lot about how our kids are very young, about how of blinded we are to our kids. you know, we sort of see them ourugh the distortion of immense affection for them. do you recall a moment, you teens, atis early some point in the adolescence, where you could see that he was struggling with some kind of mental health issue or substance abecause. towe gradually came understand as jonathan grew up. he was suffering from anxiety and depression. genetics, is environment or whatever?

weapons grade could you imagine why planes grade phone calls from your mother. sounds truly unpleasant. i'm kidding i love you mom speaking of weapons grade let's move on to monsanto there are newly released court documents revealing that monsanto colluded with the e.p.a. to cover up cancer research in their hugely popular we've killer roundup the new documents first of all show monsanto execs throwing around the idea of ghost writing their own studies internal e-mails research a less expensive more palatable might be to involve experts only for the areas of contention and we goes to right the exposure tox and gene talk sections but we would be keeping the cost down by us doing the writing and they would just add it and sign their name so to speak but that's not enough monsanto as head of regulatory affairs dan jenkins details in private internal e-mails a phone call he got from jess rowland the e.p.a.'s deputy division director for chemical safety and during the call apparently a dude told monsanto dude if i can kill this i should get a medal. meaning if i can

so after not having, not going through second grade, third grade, fourth grade, and fifth grade, so basically, going from first grade, and skipping all of that, and then going back to junior high, that was a tough one for me. it was not only tough from an intellectual scholastic standpoint, it was tough because i had trouble concentrating on some of the work, because my mind was still back in the camps. so, it was a double whammy. it was difficult from both sides, both ends. it was a big, that was a big obstacle. and then, you know, getting back into my normal rhythm of life, after being away for four years, that was a tough one. >> thank you. mr. gunwald: thanks. >> ladies and gentlemen, how about a great big round of applause for frank grunwald? [applause] mr. gunwald: thank you. thank you very much. [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] announcer: 1968. america in turmoil. this weekend american history key they will re-air our nine week

second grade. as we look at inequality and things are right, kids know when they are not being valued. it makes them feel that way. [cheering] [applause] i was lucky to have gotten out of the classroom and into a better classroom but that wouldn't have happened if i didn't have a parent at home who was also one of my fiercest advocates and understood the difference between whining in real distress. [applause] >> that was the former first lady during her book tour appearances in washington d.c. the booktv covered several of these appearances but we were only allowed to take about ten minutes of each. she also stopped in philadelphia and here she is conversation with comedian and author, robinson. >> there's so much i want to talk to you about tonight. it's life-changing. i do feel that way. it's so incredible and smart and wonderful. there's a lot of stuff i want to cover. going to come out with a topic that is a little controversial. the way we like it. pie. stick with me. thanks giving was last we

even if you look at the investor grade market, triple b and lower grade credits are at the bottom oft's 50% of the investment grade index. we are looking at that and looking to exit some positions >> wasthere was a huge cleanup the energy space several months ago after you had the oil price rout, you saw a clean out of that space now you have had a recovery in the oil price, another flop, but the credit side of energy looks better what is the next shoe to drop? >> it's mainly around this leverage with leverage you never know what catalyst will be. wie se we've seen that building the s&p 600, brother of the s&p 500, that's two and a half times of ebita, and that's gone up to almost four times recently so we're seeing leverage in the small cap space that we never saw during the financial crisis what will the trigger be we don't know that on a long-term risk adjusted basis that's not looking favorable to us. >> you also need to think about when maturities are due. if these are long-dated redemocrat shunr redempti redempti redemptions, if it's coming in five, ten years, doesn't that all

i am a navajo, and i have a son, and he's going to mission high, and he's in 12th grade. >> thank you. >> hello. good evening. my name is kai anderson lawson. i'm registered metis. i attend the high school at 620 32nd avenue. [inaudible] >> whoops. my name is betty trujillo. i am the chair person for indian ed located at centers middle school. our mission is indian ed program title vi supports the unique education and cultural related academics, need of american indian and alaska native students in san francisco's unified school district. this is a group of parents and teachers to help determine the indian ed program's goals and advise on distributing funds for the program services that will be provided. p.a.c. elected new representative does each year. advisory committee is chair person betty trujillo, chair person stephanie garcia, student repkai anderson, teacher rep amy anderson, and tyler pinniwell, and staff program coordinator paloma florez and bowitzen. >> okay. moving on with the next slide, i'm just going to run through some of the native american history. there's a lot list

grade, moreh vocational. it would not be without precedent in this country's -- without precedent in this country's past. host: we have been talking about this ever since the space age and technology in the 20 century, in a sense is the fourth age an end of work? if so, what is a man's worth? or a woman's worth? without work? guest: well, that is a great question. 100 years ago maynard keynes wrote, he said, in 100 years, fold.dp will be up eight in that time, people will only work 15 hours a week. here we are 100 years later and he was right about economics. we are that much wealthier, and yet we still work the same amount. i'm sure everybody listening has thought, why do i still work so hard? there is a really interesting answer to that. and i think it is this. you areally can, if middle income american, listening to this, you actually can work 15 hours a week as long as your willing to live like a middle income american did 100 years ago and that is 600 square feet of living space, no air-conditioning, no

people in the first grade awakening are very clear. what you need, as an adult, or at least a teenager, you need to understand for yourself that you are a sinner and your sin has caused a serious problem between you and god and god is offering you forgiveness through christ and what christ has done on the cross, and that you need to personally accept that offer of forgiveness in order to be in the right standing with god. when you do that, and usually at a time, at least in times of short spiritual crisis for you, when you do that, that is your moment of being born again. and that everybody needs to have this experience. the parish minister, the parish pastor, might be talking about a lot of different topics from week to week and preaching to the bible but the itinerant's are really focused on you need to be born again. they travel and tell people in these impassioned sermons that you need to be born again. that is the center of their message. sometimes they don't talk about much else. the greatest mind, the greatest theologian of the

aristotle and plato both gave a low grade to democracy.ent back two summers ago and reread plato and aristotle. david: is that a common thing that justices do? go back and read plato and aristotle? [laughter] justice kennedy: i wanted to do it because i was concerned. my interpretation was that aristotle thought democracy should be given a low grade because it did not have the capacity to mature. our duty, our destiny is to prove them wrong. look at the rest of the world. it's looking at us to see what democracy means, what freedom means. and they see this hostile, fractious discourse, and we're not making the case for democracy. at the end, david, of the last century, the last 25 years of the last century, was the birth of democracy. democracies all over the world. the first part of this century, we're seeing the death of democracy. in part, it's because of the example we are not setting. aristotle said in a civil discussion that there has to be respect, moderation, thought, and he said the participants in the discussion in a democratic s

aristotle and plato both gave a low grade to democracy. i went back two summers ago and read, reread plato and aristotle. david: is that a common thing that justices do? go back and read plato and aristotle? [laughter] justice kennedy: i wanted to do it because i was concerned. my interpretation was that aristotle thought democracy should be given a low grade because it did not have the capacity to mature. and our duty, our destiny, is to prove him wrong. look at the rest of the world. it's looking at us to see what democracy means, what freedom means. and they see this hostile, fractious discourse, and we're not making the case for democracy. in the end, the last century, the last 25 years of the last century, was the birth of democracy. democracies all over the world. the first part of this century, we're seeing the death of democracy. in part, it's because of the example we are not setting. aristotle said in a civil discussion that there has to be respect, moderation, thought, and he said the participants in the discussion in a democrat

atlantic equity down grade goldman sachs. add more people to the thought the bank stocks can't do anything if i was looking at what was the most beaten areas in the market right now and the low p/es and its energy and financials. >> next year people will be looking at more closely, scott it's going to be unusual activity talking about that one pea are seeing paper flows come in maybe this is the area we are seeing the bottom. >> dip buyers have been burned we'll see if it holds. i'll give you the last word. mary ann bartels >> we're still in a longer term market, buckle up. it's going to be a rough ride for the next six months. we're looking for a great buying opportunity. >> do not miss, by the way, plays into everything we just talked about, a cnbc exclusive interview live with double line capital ceo jeffrey gundlach in los angeles. we're going to do that on monday a book end of the year the end of december of 2017. now we'll revisit and get his outlook. this is just coming off the heels of him saying the fed is on the sui

warehousingg about in reference to the government supplying pharmaceutical grade heroin as a treatment for heroin disorder. that seems to me to be a different equation. --i'm going to ask you guys a brief answer. yes or no and maybe a few seconds of explanation. will someone open a supervised injection site in the united states to test the law and test the promise of the justice department to crack down on it? alex: 70,000 people died last year. we need to look at innovative solutions. we cannot be afraid. there are several cities that is that they will try to do this. philadelphia, new york, san francisco, and seattle. i think we need to test them to see if they work here. is it good for this community. david: this is not a good public health solution. i think it will be tried here. this is a social engineering experiment. we have better solutions to get these people into recovery and liberate them from their own disorder and get them home again. thosek we should prefer strategies to the injection sites. >> thank you, guys for this vigorous debate. alex crowl, david murray. interestin

tonight a new study suggests the extra sleep that would come with it could mean better grades. here's nbc's rehema ellis. >> reporter: it's a familiar scene in american schools, teenagers struggling to stay awake in class. >> i just crave sleep sometimes. >> reporter: so, two years ago, seattle public schools decided to push start time back almost an hour, from 7:50 a.m. to 8:45 a.m. >> it's fantastic. >> reporter: in a new study by the university of washington, researchers using activity watches to track sleep patterns of tenth graders -- >> so, this is all activity -- >> reporter: -- found real benefits. >> i really like that you can see the pattern of their school day. >> reporter: they got an average of 34 minutes more sleep per night, grades up by 4.5%, better attendance, too. >> how many boxes could you get -- >> reporter: teachers say, at first, some parents resisted the schedule change because it was throwing off their routines, but now they're hoping it's a wake-up call for other districts. >> it is so much more fun to teach kids who are more awake and more ready to ta