darren: henry ford ii left the board in 1976. true that he was happy about a lot of the work of the ford foundation, but he was unhappy. he was unhappy because the work we did in the american south to advance integration and to support efforts to deem illegal discriminatory practices was a problem, because southern dealers felt the displeasure of southern consumers. so henry ford ii was hearing from ford motor company dealers that their consumers didn't want to buy our cars. so he decided to leave. we have been independent of the ford family and ford motor co. for over six decades. i believed that it was critically important for us to reengage the ford family. this is where the money came from. it was important to reengage in the city of detroit. and this is why we played a pivotal role in that bankruptcy. re-engaging with the ford family was easy. bill ford and his mother, martha firestone ford, are among the most amazing people i know and they were happy to reengage. two years ago we elected henry ford iii, the grandson of henry

henry ford ii was hearing that consumers didn't want to buy our cars. he decided to leave. ave been independent of the ford family and ford motor company for over 6 decades. i believed it was critically important for us to reengage the ford family. this is where the money came from! it was important to reengage with the city of detroit. that is why we played a pivotal role in that bankruptcy. re-engaging with the ford family was easy. martha firestone ford is one of the most amazing people i know. 2 years ago we elected henry ford iii, the grandson of henry ford ii to our board. david: a lot of prominent people when they get to be 60, 70, 80, they would set up these foundations. now people are getting wealthy in their 30's and they do not set up traditional foundations. is that the new model, which is to say something like what is being done with, say, the jeff bezos fortune? he is giving away money. his former wife is giving away money in new ways. is that a new model? do think the rockefeller foundation will stay as the model? darren: i think the model of philanthropy over

henry ford has a big factory in michigan. all the windows are broken in the factory. therefore henry ford cannot afford to buy the assembly line. he was thinking of buying. what is the he's repairing windows all the time? what does that mean? it means? fewer saturdays off right for the worker. so it really does translate. you can follow the chain and that's what i would point out emily because you brought up covid earlier that the henry ford analogy is such an important one and there's so many places we can go rationally and organically with it. but i will tell you it is perhaps my biggest pet peeve and there are long list of them of things in financial media that bother me when they see a hurricane or a global pandemic and an impulsively think wow. what great economic opportunity that we are supposed to somehow be hoping for the broken window of a hurricane to generate economic growth. it's somewhat on disgusting morally if you think about it, the way governor is hope they can declare an emergency right because that means money for the state. okay, we we would be rem

henry ford has a big factory in michigan . all the windowsare broken in the factory . therefore, henry ford cannot afford to buy the assembly line he was thinking of buying. he's repairing windows all the time.an what does that mean? it means he had saturdays off for the workers so it does translate into a problem with the chain. >> you got out of covid earlier. the henry y ford analogy is such an important one but i will tell you it is perhaps my biggest testament and there are a long list of them of things of financial media that bother me when they see a hurricane or a global pandemic and impulsively think wow, what great economic opportunity. we are supposed to somehow be hoping for the broken window of the hurricane to generate economic growth. it's a somewhat disgusting morally. >> the governors hope they can declare an emergency because that means money. okay, we would be remiss if we didn't hit on two other fellows. let's go. you have this kind of thing throughout your book. the most basic question is not what is best but who shall design what is best. what did

i would point out henry ford there's so many places they can go organically with it. i will tell you my biggest pet peeve and there are lists of them are things of the financial media. bother me with where we see a hurricane or a global pandemic and impulsively think wow what grade economic opportunities and we are supposed to somehow hope what they broken window with economic growth and its if you think about it. >> that means money for the state. we would be remiss if we didn't hit on two other fellows seoul and hyatt. let's go to thomas sowell. you talk about them throughout your book. he says the most basic question is not what is best but who shall decide what is best. what did you mean by that and what did he mean by that? >> thomas sowell who is still with us. he's in his 80s and his dear friend passed away this year. these are two profoundly intellectual african-american economist who are champions of liberty and what he's referring toci is not liberty for liberty sake, he's referring to the logical and philosophical dilemma of one's you get down to the fact t

henry ford has a big factory in michigan. all the windows are broken into factories. henryy ford cannot afford to buy the assembly line. to go rationally and organically with it but i will tell you it is perhaps my biggest pet peeve the things in financial media that bother me when they see a hurricane or global pandemic and we think what great economic opportunities we are supposed to generate economic growth. >> there's hope they can declare an emergency because that means money for the state. we would be remiss if we didn't mention twoou other fellows throughout the book. the most basic is who shall decide what is best. what did you mean by that? >> thomas soul who is still with us and walter williams passed away this year but these are two profoundly intellectual economists that are advocates and champions of liberty. so for liberty's sake and licenses sake that's characterized referring to the logical and philosophical dilemma once you get down to the fact there are things to be decided the question of liberty is who is going to decide them. it was a tremendous be

and they say, but this is no longer henry ford in food without spices. joy, add salt, a mixture of dried oriental spices, lemon, cinnamon, black pepper, green, chili pepper and cardamom a couple of minutes and you're done. a wonderful, gentle shark here to tell you guys honestly, just deliciously cooked fresh fish. more guests can be fed? well, baubles are well able to meet guests. arabs are legendary and still have fun. they can too. now let's dance. if it seems to you that there is not enough fun in this dance, then you are completely wrong. by the way, since ancient times it has been performed by wars after a victory in a battle. and what could be happier than the long-awaited victory, just true warriors even have fun with self-esteem, a professional actor understands that every dance is a plot, it's dramaturgy, but i'm wondering, that's what your dance is called and reflected in it. our whole history is a warrior who fell on before this dance of pride in our victories and you sing about victories about wars, but at the same time very succinctly restr

ford was in second place el selling 27,000 of mack-e, the great grandson of the founder henry ford told electric vehicles will be at least 50% of its product mix. should elon musk be watching his back? joining me now is linda zhang, chief yengineer of the lightnin. thrilled to have you back. a blogger wrote something online that i saw and said the only way to get some of among us to embrace a green initiative is to wrap it in a pickup truck. i guess that's what you're doing. >> hi, michael, thanks for having me back. i can't believe it's been almost a year since we revealed the truck. and we're really excited to be here because we're prepping the vehicles to start shipping out to our customers. as far as ev pickup truck, we expect it to really do well. i think this is definitely an inflexion point in the evolution to ev vehicles. and when you wrap a pickup truck around the ev, what we're able to provide our customers with is the smartest most innovative ev that really gets our customers the best vehicle that they can get. this is best-selling truck for 45 years in america -- actually be

international exhibition in nice youth received several awards at once, the car even wanted to produce henry fordrica, but he was not allowed, and serial production at zil did not start from - for bureaucratic complexities. two pedals i have the right pedal clings to the boot. yes, and how did it end for this machine, where are they? they are almost all the recipe of the week this time beetroot cream soup, except for the beetroot itself we will need leek ginger vegetable or chicken broth coconut milk sesame seeds dill, sour cream, olive oil salt and pepper clean, cut , drizzle with olive oil and bake at 200 degrees until soft, about 25 minutes. at this time, chop the onion, fry in olive oil, peel and finely chop the milk. salt and 5 minutes more then remove from heat and chop in a blender divide into bowls decorate with sour cream dill and sesame seeds ready beetroot is a unique product that has a beneficial effect on the gastrointestinal tract, lowers blood pressure and is good for the liver. bon appetit and health we wish you and the cook kuzma without a nickname. well , even more healthy and m

with in july 1938 for his support of nazi germany, the american manufacturer, henry ford received the 3rd rights highest deposit award for a foreigner. the order of the germany gone. just as after 9 says idle dies, you fought each director each bit. draft the henry fought. i'd smiled there is spirit shorn on him. la. nonsense. fiona fancy showed fault. yes. i know there via toys these, these guys that i call camper d n. as the i p. what as a stock finance he at the office and it was on, on the on from the bank of america, doctor nominee leash for an amount bush in wood goals. foxon when george bush of west president, i think is this one from you young? and it was on the i got on hutton, that's all pong o. d, u was of it on you on. and i'm tree keystrokes the 20th century. so a confrontation between 2 opposing systems, capitalism and socialism. the example of the soviet union, the proclaimed equality of all nations and all classes of society posed a threat to capitalism. united states and great britain or equally suspicious of the soviet union, which communism as a direct threat to the

with in july 1938 for his hold of nazi germany, the american manufacturer, henry ford received the 3rd rights highest deposit award for a foreign on the order of the germany. gone just as often. now it says idle dies, you are fought in east bed draft. the henri fought, i'd smiled. there is spirit shorn on him. la 90 and few on francy showed fault. yes. i know the viet toys these, these guys that i can call camphor d n. as the r p what as a stark finance here at the office and it was on, on the on from the bank of america door knob and leash on the mountain bush. dim wood goals, fox hole, when george bush of west president, i think is this money from you young? and it was on the i need on hutton, that's all pong o. d. u was of it on you on a tree. castro valley the 20th century. so a confrontation between 2 opposing systems, capitalism and socialism. the example of the soviet union live proclaimed equality of all nations. and all classes of society posed a threat to capitalism. united states and great britain or equally suspicious of the soviet union, was communism that was saying, you

with in july 1938 for his hold of nazi germany, the american manufacturer, henry ford, received the 3rd racks highest possible award for a foreigner, the order of the german eagle. yet because after 9 says idle dies, you fought each if you read each bit draft. the henry thought i'd say my name is spearhead showed on him. la 97 feel, francy showed fault. yes. i know the via voicemail these, these guys that i spoke for camper d, n as the r p. what as a stark finance, he had office and was on on the on from the bank of america, door knob and polish for an amount. bush game would goals. foxon one george bush. oh, west president. i think is this money from you? yeah. hm. and it was on the, i need an oil pong. oh, do you resolve it on your, on and i'm treat castro valley or the 20th century. so a confrontation between 2 opposing systems, capitalism and socialism. the example of the soviet union proclaimed the equality of all nations and all classes of society posed a threat to capitalism, united states and great britain, or equally suspicious of the soviet union, which communism it was seen a

the american manufacturer, henry ford received the 3rd rights highest possible award for a foreigner, the order of the german eagle. yes, because after 9 says idle dies, you've all fought each. if you're a hitler, each bit draft, the henry thought i'd say my name is spearhead showed on him la 97 fione fancy should fought is i know there via toys these, these guys that i can call camper d n. as the i p would as a stock finance, he had office and it was on, on the, on him from the bank of america, doctor nominee leash for an amount bush in wood goals. fox home, when george bush out west president, i think is this one from you. you and it was on the i need chris on hutton, that's all pong aunt o. d. u was of it on you on a diamond tree, crystal van the 20th century. so a confrontation between 2 opposing systems, capitalism and socialism. the example of the soviet union, the proclaimed equality of all nations and all classes of society posed a threat to capitalism. united states and great britain or equally suspicious of the soviet union, which communism seen as a direct threat to the dem

the american manufacturer, henry ford, received the 3rd racks highest deposit award for a foreign land. the order of the germany gone, just as after 9 says idle dies you fought each of jaretha each bit draft the henry fought. i'd smiled there in spirit shorn on him. la nonsense, fiona fancy showed fault. yes. i know there via toys these, these guys that i can call camper d n as the r p. what as a stark finance. he had office and it was on, on the, on him from the bank of america, door knob and leash for an amount. bush game wall. gold fox home on george bush. oh, west president. i it, is this money from you, you and it was on the, i think that on hutton, that's all pong o. d, u was of it on you long and i'm treat keystrokes to the 20th century. so a confrontation between 2 opposing systems, capitalism and socialism. the example of the soviet union, the proclaimed equality of all nations, and all classes of society posed a threat to capitalism, united states and great britain, or equally suspicious of the soviet union. which communism saying, you know, it's a direct threat to the democr

i think i thought henry ford invented the carton. yeah, it doesn't come from santa fe. yes. that interesting guests. a lot of his that is think that in order to finish, but he only optimized the assembly line motive production dammit. and also he had a huge influence on automotive history. at the inventors or pioneers that were carl bens gottlieb dime law. and then him my behind my back. so 3 pioneers altogether by the way, this car was the 1st to be named mercedes. next, stop on our journey through time models from the era of the economic miracle. with the legendary going from 1950 for the fastest sports cart worldwide at that time. ah, as section i can take a seat in this one. i want to sink right into it. and here in stuttgart, as in other wine growing regions in germany, you will find so called beeson butch. often it's a place where you get the regional wine directly from the winemaker. well, and that's exactly where i'm going. now, if you leave the city center behind you, you can quickly reach the vignettes instant garden luba. there you are not far from the taverns. ah

and the id, i thought henry ford invented the car. yeah. doesn't comes until found. yes, it's interesting. a lot of visitors think that helps me, but he only optimized near assembly line out of production for god. damn it. so he had a huge influence on automotive history would appear, but the inventors are pioneers, were carl benson gottlieb dime la di and visit him. my bath and had miles a 3 pioneers altogether from the 1st inventions to bear them, assayed his name to the luxury cause of the 1920s to the legendary gul wings of the 1950s. the mercedes benz museum features a 160 vehicles in old and impressive 5 kilometer long, tall through the history of the automobile. but that's enough about cause. now it's time to test the local cuisine. check in presenter luke, they go once to learn how to make sway be a mount. tasha all filled dumplings were making molten yet result either of us bought about a foot. so maybe what do we need? the name of the mac. we'll use minced meat half be half pork. it's called it is ok . that's finally mashed up veal. i thought it has a lot o

with in july 1938 for his hold of nazi germany, the american manufacturer, henry ford, received the 3rd racks highest possible award for a foreigner, the order of the german eagle. it goes off the night of idle drives. you fought each if you read each bit draft. the henry fought. i'd say my name is spearhead showed on him. la 97 fione fancy. shrewd fought. yes. i know there via toys these these guys that i speak for camphor d n as the i p. what as a stock finance he at the office and it was on, on dawn from the bank of america, doctor nominee leash for an amount bush in wood goals. foxon, when george bush of west president i it is this money from you. you and it was on the i need a hut that's all pong. o. d. u was of it on you on a tree. castro valley a 20th century. so a confrontation between 2 opposing systems, capitalism and socialism. the example of the soviet union, the proclaimed equality of all nations. and all classes of society posed a threat to capitalism, united states and great britain, or equally suspicious of the soviet union. which communism saying, you know, it's a direc

and henry ford henry ford and not smith. >> got it. huge industrialist historic in a long ways. meantime american expected losses but expect to achieve profitability in q2. scott kirby explained why the trends are so favorable. >> it was changes to me. i've never seen in my career, and i've been in the industry for a long time. such a hockey stick increase in demand leisure demand and business demand we actually expect business revenue but business revenue to be above 2019 levels in just a few weeks. >> and both american and alaska see q2 revenue 6 to 8% above q22019. >> supply constraint in every single way seat prices going up prices going up so much but no demand destruction these airlines are all go out and say it's the best it's ever been boeing, if they had planes, if they got approval for some big plane, it would sell a lot the airlines, by the way, are all in sync in part because, again, this is a great reopening trade. we haven't had, you know, kind of forgot about it omicron it's so back you think, look, there's a dip in the airlines stocks a couple of months ago. now

if we remember henry ford, he generally received ordinates. uh, in fact , hitler extolled him, if we remember harry truman, who was at the beginning of the same world war ii. yes, even the great patriotic war said that it is necessary to support the force that will be. that, in general, germany and the soviet union should weaken the other. we must support how we kick out, that is, no ideals. not here, practically a calculation, and today we also see it, the united states is not a country, declaring the existence of some democratic moral principles in fact, all these principles reject the pragmatic implementation of their plan for world hegemony due to the deaths of some slavs and other slavs, for which weapons will be supplied in endless and uncontrolled quantities, and all this is not even masked. that is, the masks are not just thrown off. this is a new value system in which nazism with the face of a black guy is already just the norm. most striking in this sense is the reaction of the world community, which continues to declare some of the

a fossil fuels, john henry ford from the state of illinois which rely on nuclear power rising from remote landscape across the u. s. is an old and new answer to the energy crisis. as part of his clean energy plan, president biden is spending $6000000000.00 to bail out nuclear energy plants at risk of closing us secretary of energy. jennifer granholm says she wants the country powered by clean energy by 20. 35 nuclear plants are very cost effective to operate once you, once you get them built. that compares with things like coal and gas where a lot of the expenses in the fuel itself. this is nuclear country. the state of illinois is more depended on nuclear power than any other state in the us. the states 6 nuclear reactor sites provide more than half of the energy the state uses . so when an energy company wanted to shut down 2 of them, the state of illinois paid up to $700000000.00 in subsidies to keep them open. because without this energy, chicago 90 miles away could go dark to replace last nuclear energy. cities like chicago would likely turn to carbon, generating oil and natural gas

henry ford, the history of the assembly line, this is where they are going to be producing this truckthey have already increased reduction capacity for it twice for is even in production, just based off the strong demand we have seen. it is a really big deal. it is hard to overstate just how massive the f-150 pickup line is for ford. that is because the number that they make, the amount of money that comes in with each one of those pickups, we are talking $50,000, $60,000. in some cases, much, much more than that. this is a case where they are really putting one of their crown jewels and early indications are that customers are really receptive to it. kailey: ford is already getting there. the cyber truck of tesla is not there. we know that tesla has the first mover advantage in the ev market as a whole, but can they compete on this if they are that far behind in this segment particularly? >> i think it is entirely possible that the cyber truck ends up being like a model f or model s, smaller volume vehicle in the stable. that is fine, i guess, if tesla sort of prioritizes profitabili

henry ford had a great quote in the 1920's or 1930's after the federal reserve bank was created and he said if the american public understood banking there would be a revolution in this country by tomorrow morning. it is kind of bogus. they change the way that they calculate so the public doesn't know. inflation is probably 12% to 16% but the government doesn't want to tell you because you would be very upset will sto -- very upset. guest: calculating inflation is complicated because we experience it differently based on a basket of goods. the price of one thing going up is not inflation. it is the general price level, the general decrease in purchasing power that our money has. it is complicated for the government, and there are different measures of inflation. some people might experience inflation more than others because the things you buy might be going up more than other people buy. we have seen relatively low inflation after the financial crisis alongside economic growth. what we have seen lately is something that we have not seen in 40 years. it'll be difficult to try to bring

every minute, the new app, a new that and industry, henry ford said that the business world is filled with people who didn't reognize the time of change and kept doing the same old thing. if you're not changing, you can get stuck a little bit and i tend to go back to the older novels. i'm more of a narrative historian. so the writer i really love and defend now where nobody is defending is the great thomas wolf of north carolina. because he wrote this beautiful, romantic, that's really out of date right now. but i defend him because he had so much raw talent and wrote about the land skap of america so well. but you're right, it's of a modern art museum in america and you'll see everybody is trying to do something that somebody didn't do like create a new precedent for yourself. otherwise, you're imitating. but things become retro. things come back. i'm amazed how many students are starting to get record albums again. they are getting vinyl. i thought it was a trend, but it's now become on college campuses really in where you a vinyl party and right bh you thought they were gone foreve

and we haven't seen this since henry ford's model t that brought the assembly line. and i think most that are the still looking at the technical differences in terms of the product are missing the bigger picture. it really what tesla's doing is changing the way if which we can manufacture vehicles and clean vehicles at that. liz: i think you're right. it's not even just the vehicles at this point. we know that the roof of this huge factory has solar possibles on it. -- solar panels. he, of course, has solar city which does solar panels. but he's also creating, i think it's a utility called tesla energy. he unveiled something like a robo taxi. what else aside from, yes, the optimus, which was the robot that -- [laughter] that's another thing that they were able to preview yesterday on the floor. >> yeah. so, liz, i'm not there on the robot, but i will say, you know, you are touching on our thesis around that we call an apple-esque thesis here that can tesla use its brand, the number of users or drivers that they have. can they take that and they use that like what app

in a sense, you are one of the most storied auto executives in history with henry ford and lee iacoccau are the original thinker of the let's work together, pull our r&d, we are going after the same results. we can keep costs low and maximize profits. is renault nissan still doing that investing in electric cars? are they working together, working with other partners to save money and bring better products? carlos: they say they are doing it. unfortunately, it doesn't show in the results. neco will say it, will have to, in a certain way, be seen in the company short-term. unfortunately we are not seeing any of that. we are just seeing companies with historically low levels of growth, historically low levels of profit. when i say historically, just going back to past 20 years. we have a lot of statements about the future and results. how can you trust any statement like this when it is not backed by any performance? that is where my skepticism comes from. i'm amazed by the tolerance of the shareholders, amazed by the tolerance of the stakeholders, amazed also by the fact that there is n

billionaire would have to be saving us, but isn't it always about unique people -- whether it is henry fordo changes industry, changes businesses. >> he's pretty much an emigrant come into this country. look at what he's done. he's taken advantage of what this country is all about. we are the greatest nation in the world. we are only place where he can do it is done. then he took from that -- he got into tesla when nobody was into electric cars. and i even went to santa monica boulevard when it first came out, i went down and took a test drive in it. it was a great little car. i really enjoyed it. to see what he has done now with spacex and now he's trying to -- i think he loves this country. he loves our freedom. and he sees what social media is doing to this country and how they are emboldened by the wilke movement. and what is happening. i think he wants to change that. he wants to keep america america. the one thing goodness. he's a libertarian, so we eliminate the partisanship. it moves it away from being a weaponized mechanism for the left back into a great american company. caitlin,

always about tall poppies and about unique people who come in to make a difference, whether it's henry fordor chrysler or anybody like that who changes industry change his business? isn't that part of the american way? absolutely. he's pretty much an immigrant coming tome this country and lok what he's done. he's taken advantage of what this country is all about. webout are the greatest nation in the world. we're the only place that an elon us can do what he's done. i mean, look what he starteden off with paypal and then he took-- from that he got into tesla when nobody was into electric cars and i even went to on santa monica boulevardrd when it first came out, they had to i went down and took a test drive in. it wastl a great little car . i really enjoyed it and i mean to see what he's done now with spacex and now he's trying to i think he loves his country . he loves our freedom and heoc he sees what social media isiaco doing to this country and how they are emboldened by the movement. yeah. and what's happeningng and i think he wants to change that . he wants to keep a america america f

if you go back 100 years, actually henry ford and thomas edison first tried to do a vehicle with a batteryould not get government support to help them create the innovation. and two years later, the biggest permanent tax credits were embedded in our federal tax code. they have been there 100 years. so when folks, at that time picked a winner and they won. now we're trying to just balance that out with giveing opportunities to biofuels, all of which start and stop. it is not a consistent embedded in the tax code. so i want to ask when we look at from business standpoint, the importance of policy when you're making decisions, innovation decisions and so on, how important is that? >> thank you for the question, senator. that's incredibly important. there's a very good example in terms of my industry is producing biofuel. because the technologies have been pending epa review for over five years. so we as a nation, we are leaving carbon reductions on the table and then the impact is you have innovators sitting on the sidelines because they see a lack of a marketplace moving forward and, therefo

. >> he's henry ford -- >> that's nice to hear something we don't talk about as often, the hours for an electric vehicle of production versus volkswagen, for example. i think volkswagen, i've read this in print, volkswagen ceo talks about, it takes us 30 hours -- it takes him ten for one vehicle. the efficiency in electric vehicles is obviously less intensive. they have robots making them, all right? they've got -- >> yeah, no. he's got it down but that's, you know, very important in their ability to obviously continue this scale. they're talking about -- >> a million -- 1.5 million perhaps this year or more in terms of sales coming out of a quarter where they sold about 310,000, despite what were supply chain issues. >> in china -- >> china shut down and he still made the numbers >> yeah. >> how does he do that >> i don't know. >> mao would have been so proud, but not xi because everything is by china, including their lousey vaccines that don't work. >> to that point, it is worth also mentioning -- >> i don't work for pfizer >> that continues to add even more strain to the global ec