well, the basic way this works is that the ford foundation, the gates foundation, the harvard university endowmentncers on american society, but they pretend to be charities, so they benefit from preferential tax treatment. so aoc talks about taxing the wealthy, but the harvard university endowment pays zero tax. the ford foundation that funds those radicals pays zero tax. they are not actually going to tax their wealthy friends or funding radical left-wing ideology. what they're going to do is tax normal americans and protect their friends, protect their special privileges so they have the resources to continue to fund what is ultimately the destruction of our country. this ideology is going to destroy our country. it gets special tax privileges from the american taxpayer to do that. >> tucker: so even bernie sanders, who was considered a radical for reordering our economy, et cetera, i don't think he ever called for taxing openly partisan nonprofits like this. have you ever heard any politician say why are we subsidizing this insanity, these are the richest institutions in america and they don't

the hypocrisy is that aoc wears address that says tax the rich does she want to tax the harvard university endowmentoundation? no. they talk about taxing the rich but they just want to tax their enemies and reward their friends that that they will continue to do in public policy. >> . >> that is why this version is so interesting. and as i said before turning into the party of the rich and white and woke. >> exactly and running for senate i hold these across the state of ohio you never see the leadership unmasked or you don't have servants and republican gop events and people who come together because they care about the country it so interesting to see the difference between the republicans and these events you see on tv where people are wearing masks and basically treated like second-class citizens if not part of the in crowd at gross but also very revealing where we are as a political movement in this country. steve: we all can be very proud pro- worker, profamily, pro- community and from america is two we are. two we are. thank you v v so what's going on? i'm a talking dog. the other issue. oh..

harvard university will stop investing in fossil fuels. they will use the endowmentt the green economy. harvard students are protested for years, calling this. this is bloomberg. ♪ >> business is booming. i think our last quarter we up 1% year-over-year. our people are up 10%. somebody is working very hard. i think they deserve to be paid more. jonathan: ceo from new york city, good morning. i'm jonathan ferro. equity markets are up as follows. a little bit firm this friday morning, the bond market is up to basis points. we will be talking about that on bloomberg real yield at 1:00 eastern time. i do that with the wonderful erector. tom: very good. nice shout out. it's amazing. you know their last names, that's really something. we know the name wilson. david wilson is joining us with a chart. what do you have today? david: how the s&p 500 on since the 9/11 attacks of 20 years ago and compare that to what it did in the previous 20 years. when you do that, you find out we've done fairly well over the past 20 years with the s&p 500 delivering an annualized gain of 7.3%

keep in mind, harvard's endowment fund is estimated to be worth about $42 billion. it is about the largest endowment of any u.s. university. that is your cbs money watch report, for more, had to cbs money watch.com at the new york stock exchange, i am diane king hall. >>> 2 wounded southern california veterans have been struggling to find housing that allows them to live a normal life. >> reporter tim shows us how one community is coming together to help repay that sacrifice. >>> what they are building is a small piece of the american dream? moving your family or dog into a new house in the suburbs with a front yard, plants, flowers, and bright green grass. so i guess it is fitting that corporal chianti and first sergeant ben, both of the united states marine corps are deserving recipients of brand- new homes in escondido. >> it is overwhelming, it is a blessing. i didn't expect the only people, i didn't expect this kind of turnout. >> one in iraq, one of afghanistan, and 20 landhe lost s 10years, he is adapting physically and mentally, but still lives in a world not designed for his needs. >> i fell in the shower one tim

in massachusetts, harvard president lawrence bacow said on thursday his university will no longer invest its $42 billion endowment in fossil fuel companies. the announcement was a victory for the campus organization fossil fuel divest harvard, which was founded in 2012. the group tweeted -- "it took conversations and protests, meetings with administration, faculty/alumni votes, mass sit-ins and arrests, historic legal strategies, and storming football fields. but today, we can see proof that activism works, plain and simple." and in labor news, nabisco workers in five states remain on strike one month after workers at a portland, oregon, plant walked off the job to protest management's demands for changes to work schedules and cuts to overtime pay. some workers have been forced into 16 hour shifts during the pandemic. others were being asked to work 12-hour shifts three to four days a week, including on weekends. this is nabisco worker april flowers-lewis, who joined a picket line outside a chicago plant in august. >> we have aamily just as well as the human resources a management. while we are working on th week

. >>> harvard university is divesting from fossil fuels. the school's $42 billion endowmenthe u.s. will instead look for investments suppornghe genti tre economy. more halftime after this but what if i'm already a customer? oh, no problem. hey, cam...? ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? hey... but what about for existing customers? same deal. it's the same deal. is he ok? it's not complicated to open your possibilities. with at&t, everyone gets our best deals on every smartphone like a samsung galaxy z fold3 5g. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer. another day, another chance. crafted by lexus. make the most of it with the network that c

harvard university will stop investing in fossil fuels and instead use the $42 billion endowment to the green economy in a letter posted to the university web site, the endowment has no interest in the companies investing in fossil fuels. as we talk about natural gas prices soaring. >>> and party city plans to hire 17,000 seasonal workers for the halloween buying season as well as full-time workers at the manufacturing and distry distribution centers the hiring on september 17th and september 18th. >>> and robert kaplan and eric rosengren will sell the holdings over the concerns of trading last year. fed heads say the difficuvestits will be comel kcomplete by the f the year the two pledging not to trade stocks anymore while serving in the current rules. we're back after this. money ma) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like

harvard university has agreed to stop investing in fossil fuels and will use to $42 billion endowment green economy. blackrock rethinking the return to office plans for u.s. employees. the largest asset manager said the spread of the delta variant calls for a different approach. blackrock telling employees haven't decided when they want to see them at their desks, at least a few days a week. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ >> they are rightly wanting to get back to business. they want to do so safely. they realize employees and customers want to come back and the best way to make sure happen safely and without further interruption is to require that their employees get vaccinated. now that the vaccine is approved, one formally approved, it makes it easier for businesses to make that decision. jonathan: the senior scholar from new york city. good morning. your equity market looks like this. affording losing streak into friday -- a four-day losing streak into