hank greenbergs, lou gehrigs, who americans cheered for. by the 1950s there were no more or very few or diminishing immigrant children in schools. i went to high school in a town that had a large italian-american community. a number of irish-americans. a very, very small smattering of jewish-americans. there was one immigrant kid in my class. everyone else had grandparents who were immigrants or even parents who were immigrants. the generation of the post-war baby boom up through the millennials is a generation that grew up without knowing immigrants or without understanding them. and that, i think, has led to greater hostility to immigrants than at any time since the 1920s, because people who do not know other people fear other people and are bothered by other people. that's one of the lessons, i think, of closing the golden door. by closing the golden door, we in fact increased the potential for hostility to the foreigner because the foreigner was truly foreign. for my parents' generation, the foreigner wasn't foreign at all. the foreigne

to address the philippines on this, and they have said no, they will not, so we asked hank greenberghis, and this is what he said. it upsets many things in that part of the world. there are some serious negotiations. what is the choice? the negotiations. what is the choice? betty quan they should and as you know, they have a strange relationship with china. away from it.ed they have avoided commenting on the situation. they do not want to fall. they do not want to get into hot water here either, so i think hank makes a great point. anchor: the philippines are going to go into bilateral negotiations with china question mark they will say, no, you cannot have it. and of negotiation. betty: and then you are back to square one. i thought if he had an idea to get singapore involved, andected in the region, this is tbd/ this is a complicated issue. immediately, they came out and said the wrong decision, they do not abide by it. and this is what they have been saying for the last several and also, there should be some sort of cooling off period before they get back to this issue. and anothe

. >> before we come back to project destiny talk about who hank greenberg was and what was the relationship. >> guest: bob was the ceo of metlife in the 90s and early 2000 so they were competitors. bob had great admiration, think he had great respect for what hank did at aig. i think he thought he was a visionary and new him as an just the same way hank had tremendous respect for bob. he thought that he shepherded metlife three very difficult time. so there is a symbiosis, connection they had. hank left under difficult circumstances having to deal with the attorney general. it was a long story but hank was one of the people who when the government and aig were looking for a new leader after they resigned he was one of the people urging the government to look at bob. they had some meetings over time. bob respected hank. i think he thought that aig was to bake. he came to the conclusion that they had created something that really was unattainable. what bob would say is hank a created a company so huge that only hank understood it. so by the time that bob came along he knew there had to be som

there are sports figures, the first generation children of immigrants, lou gehrig, joe dimaggio, hank greenberg, and of course, today we have the immigrants themselves, yao ming, fedorov, wayne gretzkysky, hideki matsui, and arguably the single best athlete of our generation, mariano rivera. [ laughter ] who? the people from boston have spoken. when we consider the role of congress and the executive branch in immigration, it is, of course, important to understand that immigrants and their children -- and when we speak about immigrants, it's almost always important to talk about the first generation, because they are almost always raised in immigrant communities. and indeed, there is a phenomenally wonderful map that the census produced for the 1910 census, which shows county by county the percentage of immigrants and their children across the united states. bright red meant that they were 50% or more immigrant. and of course, not surprisingly, all of new york city, most of new jersey are bright red. but so is virtually all of idaho, all of montana, the dakotas, wisconsin, minnesota. we forget h

at bloomberg, hank greenberg will be joining us to discuss the recent market rally and the brexit voterip to china. as the close-out the hour, let's look at the market trading. at 18,350 and the nasdaq climbing as well. a gain of .7%, following the heels of gains in europe. the ftse off by one hair, down two points. see that within the s&p 500, gains across the board with energy leading the way up 2.4 per's, financials by 1.3% heading up -- ahead of the earnings report on thursday. >> it is surprising we are seeing the energy sector gaining more than 2%. higher or a second day in three days p are oil rebounding from the two-month low. stockpilese see sliding. declines, as risk appetite returns. a big global rally going on right now. scarlet: will continue to monitor the moves for you. this is bloomberg. ♪ david: it is 2:00 p.m. in new york at 2:00 a.m. in hong kong. ry: welcome to bloomberg markets. david: from bloomberg world had courtesan new york, i'm just world headquarters -- from bloomberg world headquarters in new york, i'm david gura. hillary clinton gets a supporter and former

hank greenberg, the former head of aig later today. coming up, it is "bloomberg markets."re seeing. vonnie: absolutely. we are talking about all of these indices are raising their post brexit losses. also talking about the impending ftse 100 bull run. withll also be speaking richards all done i will about the equity rally. negotiating good deals for the u.k. and where we live at the international airshow -- speaking with the pga cio about their interest in gambling. that's all coming up at 10:00. pick and in the sea and you will find a record. -- a closing s&p is on an intraday basis record year. as dow has gotten there well. at least on a closing basis. if the dow closes here, it will be a record. not yet on an intraday basis. still, the fact that the dow has gotten there is definitely notable. the nasdaq positive on the year. if we look at the groups on the move today come energy shares are the best performers along with oil prices. a big gain there. utilities, consumer staples, telecoms are lower. cyclical led rally. energy shares rising along with materials. steelmaker