and the harvard business school said, "your business is building educational centers. that's a brilliant business." and i sort of finally figured out what they were talking about, and in fact, it is a social enterprise. and then you start to get orchids being grown and the jazz label being created-- we have a small real estate division-- and all of a sudden, you become an economic engine for your community. >> hinojosa: now, you are... you're a wild dreamer. >> correct. >> hinojosa: you really are. i mean, i love the story... >> they call it a visionary, but... >> hinojosa: before we go, we just have to tell the story quickly of how, when you were a young man and you finally get into an airplane, and you had your first flight, and you suddenly say, "hmm, i want to become a pilot," and you become a pilot, and you fly 727s for braniff airlines. >> that's right. 1980-1981. >> hinojosa: so for you, this whole notion of hearing over and over again, "you can't do it; you're a young black man from a poor neighborhood in pittsburgh-- don't even dream. >> exactly. life is about

add in a stint at harvard business school and jobs all over silicon valley. he runs his own startup. thanks for being with us this morning. i've got to ask you about the computer thing. seriously? >> yeah. yeah. that's exactly how it started. i grew up in ghana, went to high school in ghana and pretty much a lot of the curriculum was math and science, that's what i did. and the first time i actually got to use a computer was when i was a freshman at cal tech. >> what was that like? were you instantly drawn? >> i was drawn to it. i knew -- i did a lot of studying on the math and sciences but one of the things that the allure of computers to me was you heard a lot about bill gates growing up in ghana, all right? and so with sort of a technology background and sort of -- i basically decided i wanted to do engineering so that's how my career started. i kind of grew up in the engineering ranks off to college drawing the semiconductor company out of my grew. we grew that startup before it was inquired by intel and then moved on to business school. >> i want to go b

when i left harvard business school halfway through to join the company, i remember my mother asking me jour dropping out of harvard to go to a nail salon. >> in 2007, this group of management experts all of whom have extensive resumes growing and starting companies set out to build a better nail salon. >> they called it mini lux. testing and fine tuning the idea in a worst k-case scenario location. hometown boston. where the pedicure season is short. asked them to share some of their strategies for star bucking a business. they first tip. let readily accessible data inform decisions. where to open the first store. >> i remember the first location sitting out there with a clicker. counting the number of people walking by the store. that's data. >> following their starbucks manifesto. they wanted to be located where there was a ton of density and traffic. another tip for finding a prime location, find another store that has the same kind of customers you want. in the case of mini lux. they searched for, you guessed it. starbucks. and another company they admire and share a customer bas

when i left harvard business school to join this company, i remember my mother asking me, you are dropping out of harvard to go to a nail salon? in 2007, they set out to build a better nail salon. they called it miniluxe, testing and fine tuning the idea in a worst case scenario, their hometown, boston where the pedicure season is short. we asked them to share their stra strart gis for starbucking a business. where to open the first store. >> i remember the first location, sitting out there with a clicker, counting the number of people walking by the store. that's data. >> following their starbucks manifesto, they wanted to be located where there was a ton of density and traffic. another tip for finding a prime location? find another store with the same kind of customers you want. in the case of miniluxe, they search first-degr search for, you guessed it, starbucks and whole foods. another priority, improving conditions for the customers and employees tackling lax hygiene standards a widespread problem in the nail care industry. they took another page from the starbucks rule book. themt th

a harvard business school created and apps calling high from the other side where users are paired withwork together to unlock the gift card and get free coffee. it is a good way to start a conversation, starbucks should stay out of politics? join the conversation after the show with hashtag keep talking. say it ain't so. fast food got a lot less sexy. >> a lot hotter. >> say goodbye to the berger babe tv he new ad starts by marking the formula led to higher sales for years, the chain is revamping its yellow star logo geared at broadening the chain's customer base. a lot of angry people about this one. heather: they should stay out of politics. 6 minutes until the top of the hour, hundreds of thousands of cars recalled overnight, what you need to know. heitkamp abby: two burgers the taste like a whopper. ♪ . . abby: two minutes before the top of the hour. combat giants combat hate speech and propaganda on social media. comes after london's most deadly terror attack. used technology to pull it off. lawmakers in north carolina are voted on a new deal to end the controversial bathroom bill

martha walker, she didn't go to harvard business school, but she understood basic principles of businessunderstood everything, yes. madame c.j. walker is the first female self-made millionaire. in honor of our event this saturday, the 31st annual madame c.j. walker awards and scholarship luncheon, we honor her and that present. this saturday we'll actually be awarding three finalists, three female finalists, and one will take home the 2017 madame c.j. walker award for entrepreneurship excellence. >> 31 years now. it's amazing the staying power that its had. >> yes, absolutely. >> tell me why that's been so. >> this year is very special to us. we've been having this actual luncheon for the past 30 years, and this year we're anticipating 900 attendees which is our largest attendance over the past 30 years, so we are proud to announce we are sold out once again this year for our annual luncheon. >> that's remarkable. madame c.j. walker awards luncheon is happening this saturday at the sheraton philadelphia downtown hotel. don't bother getting tickets. it's sold out. the luncheon is at noon.

it would also sent him to harvard business school, goldman sachs, and eventually a leading thinker in the tea party movement. he left the navy with a drive to solve problems. >> that's correct. he left the navy armed with a strong education and a drive to get to the real problems that were important to him. >> problems he now has the power to address inside the worlds most most powerful house. at the pentagon, douglas kennedy, fox news. >> shannon: astronauts from the international space station had to do improvising when a vital piece of cloth floated away. the shield came loose as they were working to patch and other exposed part the station. they filled the new gap. tracking down the people who talk to the house intelligence chairman about surveillance on donald trump's campaign. we will discuss it with the panel after a quick i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers abou

less than 1% of america's black population, they made up of a quarter of harvard business school's blacks. it's something about culture and how they are raised. >> you know the secret of success. >> the first is a sense of exceptionality. the second element which is a dash of insecurity. i am not quite good enough yet. i shouldn't sit back. >> it's contradictory. >> steve jobs had a superior complex but all his friends also described him as deeply insecure. i think that's what creates this chip on the shoulder, this goading feeling like i need to show everybody and prove myself. the third element is impulse control. >> can your child sit still and concentrate on things that won't bring rewards for years? >> chinese immigrant parents force their preschool children to do one hour a day on a focused activity, reading, drawing, something with no distractions. one hour a day compared to six minutes a day for americans on average. >> but does this obedient sitting and drilling kill the creativity that leads to innovation, the american tech entrepreneurs, many are college dropouts, not studious

he was a harvard business school, goldman sachs.ran bio sphere 2 for a while and produced movies and obviously breitbart. i was trying understand who he was and where the viewpoints came from. and what he points to is his father who despite the sort of chaos and drama of steve's own life his father worked 50 years at the same company at at&t with a high school education. his grandfher worked for 48 years at t same company. so it knd of had this mythology, at&t did. his father put his savings in the company stock when options were made available to employees and he put those away for his kids future and the stocks took a hit in the 2008 crash and leads us to trump today. >> economic nationalism is the term he uses but his critics say white nationalism. is there a racial component to it? >> he denies any racial motivation here at all. you know, he is obviously referred to as breitbart as a platform for the alt-right which does have some racial aspects to it. but you know, what he -- talking to his father and his friends, that's someth

he was at goldman, harvard business school.in penny stocks, had his own investment boutique, produced hollywood movies, ran breitbart. this is someone who never quite fit in any of the institutions he touched and never -- and sort of craved the chaos and drama that his father didn't. >> you have two levels of incompleteness that wind up being interesting throughout the article. one is the philosophy doesn't hold. trump likes to say the same thing, these big institutions, they got away with it, but he borrows their money from anyone they can in a lot of different ways depending on his need. you see bannon going to goldman sachs and playing a lot of the same venture capital types of games. you look at who they put in their cabinet. if you wanted to reject those kind of institutions and the people who are in their elite, they populated this government with more of them than we've ever had before. how does he explain that inconsistenc inconsistency? >> a very good point, a very fair point. i guess we'll have to see how this plays o

. >> reporter: you're a guy who went to harvard business school. you're not talking as some kind of left wing democrat who's always for more and more spending, more and more taxes. >> no, no. i'm just a person who looks at the country and what needs to be done and says: this is what we do in the business world. we fix this. why can't you fix it? >> reporter: good question, to which we'll all be waiting for the answer. for the pbs newshour, this is economics correspondent paul solman, reporting aboard amtrak 2168. >> sreenivasan: next, the memoirs of a hippie, physician and disease fighter. fred de sam lazaro reports, part of our ongoing series agents for change. >> reporter: the shiny red t- bird convertible is a nod to its owner's detroit roots. but it's in san francisco that he first made a name for himself. it was quite a name to begin with. >> it's so arrogant to have a name like brilliant that i put sometimes "not so" brilliant and that's where i sign. >> the memoir larry brilliant is autographing chronicles a life of unusual journeys: a civil

time and time and time again he had one rule, first rule of business you don't hear at the harvard business school, if someone screws you, you screw them back. you don't just screw them back, you screw them back five times, ten times, fifteen times greater than they screwed you. i don't know how many times i heard him or heard video of him saying this. i can only imagine it's engrained in his dna, if it's paul ryan, freedom caucus, whoever he thinks screwed him on this, actually he screwed himself because he didn't do a good job, they are in for, from his perspective, a world of hurt, make it harder for them to get tax reform to help people like donald trump pay taxes. >> david, the point is it's a family show and you said screw about 15 times. >> i was quoting the president. >> i want to be clear about that and to your point if i can add some journalism to your flowery history, i will tell you, buddy, you're not off track. "n york mes" a reporting on potential enemy's list. one republican, congressional aide said mr. bannon and another associate seeking to compile an enemy's list. yet, video cass

unpacking the market impact of that bill and more, bill george, harvard business school, senior fellownic's ceo, and cheryl skolnick, senior health care analyst. welcome to both of you. cheryl, you point out the likely impact on the hospitals of all this. whether it gets through the house tonight or not. what do you see as the impact on the hospitals up to this point, and what happens, say, if this gets delayed a little bit? >> sure. so first, thank you for having me. you know what's really interesting about these stocks, they're actually higher than they were the night of the election on november 8th. and that was actually not what i expected. so, you know, analysts who haven't been wrong, haven't been on the street long enough. i had been on the street long enough to be wrong. i think what's happened is the enthusiasm for, a., the aca not happening, and b., tax reform happening has carried these stocks up to their recent highs. and now we have seen them back off, and there is news and there is noise. we have got a lot of noise now. we'll get news when we get a vote. and you're seeing

authorsus is one of the of that study, a harvard business school professor of finance.and great to speak with you. eugene also said -- with you, be scarlet. scarlet: he wants a systemic way of identifying bubbles. to you, first off, is how hard is it to call a bubble? >> it's hard to call a bubble, but it's not impossible. in fact, we adopted the definition of a bubble which is increase.ge price we said let's try to focus on all of those episodes where you a demonstrable large price increase and see what happens next. four you identified characteristics that go into call, bubbles that you can you said an increase in price volatility, increases in share issuance, you see companies selling shares into the bubble, a relative performance of new old firms, people excited about the new stuff and an steepening in slope of the rally. it has the famous bubble shape. it curves upward and goes up.ight is the key thing here that it's not just enough that prices go just enough that you have to have exuberance, certain behavioral aspects here love of new companies that are necessary for to say, ok, th

us by phone is ambassador michael mcfaul former ambassador to russia and michael porter, harvard business school he's looked at the economics of the shifting landscape. first to you, ambassador mcfaul. your reaction to president putin, read my lips, watch my lips, no on the answer as to whether there would be any evidence found on russia hacking the election. >> i thought it was a bad historic analogy. number one he garbled out. as you pointed out it wasn't reagan, it was george w. bush. after he dsaid that he did rais taxes. you know, i think it's clear as day that the russians did intervene in our elections. our entire intelligence community has documented that fact. they stole data from the dny and mr. podesta and then published it through wikileaks in a way to influence our election. moreover there's other evidence that you can just read. we don't have to -- we don't have to have cyber security specialists to help us. so when sputnik the russian government news agency tweets #crooked military, that's a clear statement about what the russians are thinking during our elections. >> so going aft

business. >>> facebook ceo mark zuckerberg going back to harvard. he's going to deliver the school'smencement address in may. >> they know we didn't actually graduate, right? >> that is the best part. they actually give you a degree. >> you don't even have to go to class? >> no, no. >> harvard university posted this video on youtube. it shows zuckerberg getting advice from bill gates, who spoke at graduation a decade ago. both of them, harvard dropouts. look what happened. zuckerberg left after he created facebook his sophomore year. harvard's president praises zuckerberg's leadership and how he altered the nature of social engagement worldwide. >>> a stray dog in bolivia has found a pretty special new home. carmelo was adopted by a monastery. how cute is this dog? he has his own habit just like his fellow friars. they say carmelo carmelo preaches to the fish. the animal rescue group hopes more monastery will consider opening the doors to pets who are in need. >> adorable, definitely trying to eat the fish. >> no! >> but adorable. >> he's a friendly pup. >> he looks like ewok with th

they are enraged and on the cover of the business section, there was this headline to the effect that matthew martoma falsified transcripts. harvard law from schoolhis lawyers were very concerned that members of the jury who were supposed to kind of be impartial and neutral might see this, so the story behind the story is that, you know, martoma was a very ambitious student. he went to duke, he then gained admission to harvard law school. incredible accomplishment. after his first year, he starts struggling a little bit, surrounded by these very ambitious students and everyone is getting incredible clerkships preparing for and competing fornd coveted summer jobs and martoma did not feel that his grades were quite enough to get him one of these clerkshipositions at he really wanted. brian: he got some b's, is what you're saying. sheelah: so he is alleged by harvard to have doctored his transcripts and apply for the clerkship and someone noticed something was off. and harvard, like all schools, they are very sensitive to scandals like this, so they conducted an investigation and concluded that martoma had falsified transcripts and lied about it to

georgetown university school of business, and previously served as undersecretary of commerce for economic affairs. his epidemic -- academic credentials include a phd in economics from harvard. in the middle is carolyn floyd, senior fellow at the peterson institute for international economics. she has previous experience with the world bank, the imf, fed also has a phd in economics from columbia. to the far left in terms of --at the smith school of business. your but the smith effect. i do not know whether peter will reveal that are not. he has been there at the business school for many years. before that he was the director of economics at the international trade commission. he also has a phd in economics from the state university of new york at albany. let's start by defining what we are talking about. parts to the trade balance. there's merchandise trade, manufactures and raw materials, trade,re is services kingsway financial services, express delivery, computer-related services, entertainment services, and so forth. last year, the u.s. ran a merchandise trade deficit of approximately $750 billion. the services trade surplus of about $250 billion. basically we had a quot