ben horowitz of andreessen horowitz. we will hear more about andy grove and his extraordinary life.l sit down with a ceo discussing the issues facing the world of cyber security. ♪ emily: as we remember a pioneer of the tech industry, former ceo and chairman of intel, the late andy grove died on monday, i spoke to ben horowitz, cofounder of andreessen horowitz who had his own special relationship with andy grove, a beloved mentor and teacher. he talked about his role in shaping silicon valley. ben: not only did he build the foundational company, and to get to the microprocessor intel was in the memory business. that is usually the end when you get to 13 years. he faced brutal competition from the japanese. including subsidies from the japanese government to his competitors, which forced him to switch the business that late in its life to microprocessors -- something he foresaw might be a big market, but at the time was tiny. as a result, the u.s. ended up being the center of the microprocessor market and the pc industry, which led us to be the center of the internet. he was the foun

i spoke to ben horowitz, cofounder of andreessen horowitz who had his own special relationship with andyve, a beloved mentor and teacher. he talked about his role in shaping silicon valley. ben: not only did he build the foundational company, and to get to the microprocessor intel was in the memory business. that is usually the end when you get to 13 years. he faced brutal competition from the japanese. including subsidies from the japanese government to his competitors, which forced him to switch the business that weight in its life to microprocessors -- something he first saw might be a big market, but at the time was tiny. as a result, the u.s. ended up being the center of the microprocessor market and the pc industry, which led us to be the center of the internet. he was the foundation for the u.s.'s leadership in technology. that was a really big thing. beyond that, he was also the cultural foundation of silicon valley. in that his leadership in turning around when he achieved what he did, and making sure others knew how to do it, was unprecedented. no one has done it as well sense,

andreessen horowitz.ly: my condolences, notices and emotional day for you. very close. were you called him the greatest teacher and the greatest ceo ever. i would just love to know more about your relationship with and in what he meant to you. -- with andy, and what he meant to you. ben: it started with me reading his book. it's an amazing thing, here is this guy who came here literally --a refugee and then builds built the most important technology company in the world. , with himt time sitting as ceo, he wrote a book called high output management. books, butos right no ceos read books about how great they are, what an awesome company that builds, something like that. he wrote immanuel on the right way to run a company. that is still come i think, one of the best management books ever writt. career tochange my have a book like that. the mostat are enduring messages of his management philosophy in that everyone knows that famous quote that only the paranoid survive, there was so much more to his style. he

ben horowitz of andreessen horowitz. we will hear more about andy grove and his extraordinary life.er in the hour, i sit down with a ceo and later in the discussed the world of cyber security. ♪ emily: as we remember a pioneer of the computer industry former , ceo and chairman of intel, the late andy grove died on monday, i spoke to ben horowitz, cofounder of andreessen horowitz who had his own special relationship with andy grove, a beloved mentor and teacher. he began by talking about growth's role in shaping silicon valley. ben: not only did he build the foundational company, and to get to the microprocessor intel was in the memory business for the first 13 years of its life, which is an eternity in tech. and he faced brutal competition from the japanese, including subsidies from the japanese government to his competitors, which forced him to switch the business that late in its life to microprocessors, something he foresaw might be a big market, but at the time was tiny. intel, as a result, the u.s. ended up being the center of the microprocessor market and the pc industry, whic

a whole other book of the subculture and somebody pointed out to me of the cover story of david horowitz who was '03 stena communist party family as an activist than intellectual of the new left and had a real falling out that was killed by the black panthers and totally devastated in with that broader phenomenon may be not literally the minute but looking back 10 years what it feels like a minute that is said to me it seemed like a good idea with all sorts of things. to say this makes a lot of sense. in so i have this idea i wrote up a proposal the last chapter of the book and i sold this book proposal and i signed the contract in 2006 and i said to my agents it will be three years for years. but we both know that. so i've lot list 2008 then i had kids and i got a job and i realized how hard it could be then finally so at the space the levels roughly chronological of 2010. and then boarded an april fool's day 1901. a communist writer in the late twenties and early '30's with a number of spy rings to have a real crisis to come out on the exercise and worked on the magazine but then he ro

emily: ben horowitz, cofounder of andreessen horowitz speaking about the death of andy grove.th me to discuss is our intel reporter who met andy many times. one of the things mentioned at the end there was how he became this way. how did he become so great and mark -- become so great? guest: he wrote a book about his process and growing up in europe during the war and being jewish, having what happened to his family when the nazis occupied hungary and when it was bought over by the soviets and how his family were persecuted and how he had to escape. emily: as a reporter, you met him many times. what was he like? guest: scary. inspiring, but scary. everyone talked about his intellectual honesty and his love of the truth. you couldn't really have this flattering conversation with him. he wasn't interested in his own celebrity. all he cared about was getting to the truth and he would push people's buttons until he got what he felt was useful out of them. emily: david kirkpatrick is still with me. i'm sure you have your own stories about andy having covered silicon valley for so m

ben horowitz of andreessen horowitz. we will hear more about andy grove and his extraordinary life.l sit down with a ceo and later in the hour, discussing the issues facing the world of cyber security. ♪ ♪ emily: as we remember a pioneer of the tech industry, former ceo and chairman of intel, the late andy grove died on monday, i spoke to ben horowitz, cofounder of andreessen horowitz who had his own special relationship with andy grove, a beloved mentor and teacher. he talked about his role in shaping silicon valley. ben: not only did he build the foundational company, and to get to the microprocessor intel was in the memory business. that is usually the end when you get to 13 years. and he faced brutal competition from the japanese, including subsidies from the japanese government to his competitors, which forced him to switch the business that late in its life to microprocessors, something he foresaw might be a big market, but at the time was tiny. intel, as a result, the u.s. ended up being the center of the microprocessor market and the pc industry, which led us to be the cente

i just ran a cover story for the newspaper that david horowitz who had been celebrating the congress party family and have been one of the early activists and intellectuals of the new left and in the mid-70s had a real falling out with the left because a friend of his was killed probably by the black panthers and it totally devastated him, pushed him and he essentially fell apart for five years and came out the other side it started with the migration to the right. i would have written this on david horowitz and to be said maybe there's a book in this broader phenomenon of left and right. the minute, maybe not literally the minute but at least looking back 10 years what it feels like is the minute that was said to me it just kind of clicked. i was already kind of anxious about this other book idea i had what seemed like it good idea but wasn't working for all kinds of reasons and once that was that i start thinking about it and i said this makes a lot of sense. i went to my wife and i said what you think of my drops the the -- fantasy idea she said oh please god yes. and so i do what

ben horowitz of injuries and horwitz -- injuries and horowitz -- we will hear more about andy grove andy life. i will sit down with a ceo discussing the issues facing the world of cyber security. ♪ emily: as we remember a pioneer , former ceoindustry and chairman of intel, the late andy grove died on monday, i spoke to ben horowitz, cofounder of andreessen horowitz who had his own special relationship with andy grove, a beloved mentor and teacher. he talked about his role in shaping silicon valley. ben: not only did he build the foundational company, and to get to the microprocessor intel was in the memory business. that is usually the end when you get to 13 years. he faced brutal competition from the japanese. including subsidies from the japanese government to his competitors, which forced him to switch the business that weight late in its life to microprocessors -- something he foresaw might be a big market, but at the time was tiny. as a result, the u.s. ended up being the center of the microprocessor market and the pc industry, which led us to be the center of the internet. he was

and wrestling with the beliefs of mine a father and grandfather like david horowitz. >> end related to this question there are those of have been on the left with the excess situations with the belief system. is a teacher in the belief system upside down. and what i said in the beginning the she was deeply involved she has written a book on the history of psychology so it is that intellectual world and the deepest part of my interest of these people at the same time it says in an effort to to ward off the people that shift because of their psychology. what are weaknesses san fiers say and vulnerabilities. i don't say that to dismiss but to complicate. i pick them because they were different tin the extent to that day were a typical and it was embedded at the core of their identity. and as intellectuals with a coherent system of ideas. and then they just see a little bit and that complicated system. went those that needed to believe passionately tickets is the extent beyond what we experience and that was not very appealing to them to become good liberals. newt had contempt for that per

emily: andreessen horowitz has really perpetuated this idea that good vc's need to be former foundersformer ceo's. of which you are neither. sir michael: i think it's difficult to tell from someone's background whether or not they will be successful in the venture business. we have a lot of company founders at sequoia. but there is also room for lots of other people to succeed as well. being in the investment business is also different from running a company. people like us, we are not running the company. we are trying to help these companies as much as possible. the other thing that people miss is that we are working very hard on building our own organization, because unless you have that at the heart of everything, you cannot make consistent investment. emily: you say in the book that the minute you think you are winning, that is dangerous. and sequoia may be the most successful venture capital firm in history. what do you do from within to evolve the firm and stay on the edge? sir michael: it begins with consistency. showing up for work every day. i know -- emily: a lot of people

so they said but i was in my car race -- italy activist of the new left, david horowitz he had a falling out with the left because a friend was killed probably by the black panthers and that totally devastated him. and he fell apart for about five years then cabled the ithers side but somebody pointed out the be there is a never broader phenomenon may be not the mitt the looking back 10 years and if that was said to be clicked in the was already anxious his seemed like good good idea but in seemed to be working and once that was said i said it make a lot of sense i ask my wife and she said yes. [laughter] and i wrote up a proposal the last chapter of voted about christopher hichens. and i said to my agent in 2006 it will take meatier for years and she said don't tell your publisher that. just say two years. [laughter] so i said i will have mitt 2008 plan was thinking 2010. then i had kids and i got a job and realize how slow and a procrastinator i can be then finally here we are 10 years later with a book. that went from the left to the right to and that structure was born the to space b

judge, 'cause i'd like to put this on ta for the next big story for crimson. [ gavel bangs ] judge horowitz: quiet! none of this would've been necessary if i had been allowed to finish what i was about to say. court finds for the plaintiff. [ women cheer ] [ gavel bangs ] mayor loma this is outrageous. um, is it over yet? [ women laughing ] [ laughter continues ] well, you're not about to just walk away. i'm not? and leave that $1,000 for me to spend by myself? hey. half that prize money belongs to me. not if you don't stick around. got to be in it to win it. [ sighs ] don't you have a new gig to start? the sooner i start that case, the sooner i solve the case, and the sooner i lose my source of income. now, what sense does it make to solve crimson's mystery before i've made myself a little money? you really think it's that easy? piece of cake. well, that was something, wasn't it? yeah, yeah. very, very... i wanted to let you know that i found a way to capitalize on the unbound issues of crimson. we're trending nationally. i'm gonna make this magazine a success yet. hey. i have a feeling th

judge horowitz: ms. miller. your honor the defense will prove that the plaintiff's complaint is a frivolous waste of taxpayer money, a thinly veiled attempt at a public-relations ploy with no grounding in actual legal fact, and as such, should be thrown out of court with prejudice. ms. davis, call your first witness. thank you, your honor. i would like to call olivia falconeri to the stand. [ sighs ] dillon, why don't you go find dr. mayes. he's got to have those test results back by now. i'll get your mother settled. mom. go find the doctor. go on. all right. do you understand? i will honor your healthcare directive. i don't want you to lose your job. i wish you'd put all the blame on me. [ chuckles ] well, there was a time when i would've. but new-and-improved brad especially since it's old dr. mayes who's the one in trouble. what do you mean? i took a look at ms. q's biopsy resultss before mayes ran off with them. and? well... oh, i, u made a copy just in case. sesefor yourself. can i get you anything? how ab

then there are other examples and i think the counterexample in a sense is, david horowitz to this day and it's one of the two people who is alive when i got to this point in this book, he is profoundly angry about this trauma he experienced that he blames on the left and blames on himself. he does not seem any more content although he has written a few more books which is about how he is can henton piece with the universe. if you talk to him for five minutes it is clear that it's not true. it depends on the person. i think he was a much more interesting and compelling writer on the left and he was on the right. it depends. thank you so much for coming out. i really, really appreciate it. i'm happy to sign books and feel free to email me. i am not hard-to-find, go to, go to the university of texas website. [applause]. >> [inaudible conversation] combo on. >> here's a look at of the others recently featured on book tvs afterwards. our weekly author interview program. former bush bush administration official, john u, argued that executive power has gone beyond its constitutional limit un

i spoke to dan horowitz, cofounder of andreessen horowitz who had his own special , aationship with andyved mentor and teacher. he talked about his role in shaping silicon valley. ben: not only did he build the company, and to get to the microprocessor intel was in the memory business. to 13s usually a 20 get years. he faced brutal competition from the japanese, including subsidies from the japanese government to his competitors which forced him to switch the business that weight in its life to microprocessors -- something he first all might be a bit market but at the time was tiny. ended uplt, the u.s. being the center of the microprocessor market and the pc industry, which led us to be the center of the internet. he was the foundation for the u.s.'s leadership in technology. that was a really big thing. beyond that, he was also the cultural foundation of silicon valley, in that his leadership in turning around when he achieved what he did and making sure others knew how to do it was unprecedented. no one has done it as well cents, but we have lived off of it and it has made every compa

[applause] >> well, thank you to our moderator, jake horowitz. our panelists, judge boggs, ms. james, senator malloy and mr. owens, for your keen comments and that detailed view from some of the initiatives and successes and learning that is happening in some of the states. i'd now like to introduce to you mr. gary moore who is the director of the ohio department of rehabilitation and corrections. director moore has 40 years of experience in, as a corrections professional, and he is very well known for his innovative and efficient prison management. but more importantly, i think, it's -- just want to note that director moore has a very important policy which is in order to truly affect and impact corrections in america, we must continue to invest in people, not in bricks and mortar. and he is committed to this process to not opening additional prisons in his state and under his care and really looking at some of the alarming incarceration rates of females and drug-related crimes that create collateral consequences that can last a lifetime. and he

emily: everyone thought it was been horowitz. >> bragg got in touch with parker and try to convince themalk. maybe with parker decided to hang up his hat he thought we got to know one another. he said i went to call you in march. emily: you have been sitting on this a long time. guest: so, as you mentioned i stopped tweeting in december. i felt like it had run its course. he called me in march and i said ok. let's do it. emily: we pulled out our favorite tweets. is twitter wanted to up engagement they would place a heart with this gift. does the bleep you are doing even matter? what inspired you to do this? guest: it wasn't a plan. i might have come up with a different brand and a way of approaching it. my friend roger and i set up the account. we started joking around with it. some friend started following it and eventually some people who had more followers started retreating and the rest is history. emily: you had entrepreneurs begging you for real advice. why slow down now? guest: there is other stuff to work on. emily: you were tweeting a lot. it is time-consuming. guest: it doesn't

horowitz: were going to take a couple of the questions. >> i am art. i'm from north carolina.fessor, former director of prisons for 30 years. i haven't seen you in a long time. just one question that i am most interested in from my work. i work with juveniles pro bono. i have spent all my life working in prison and now i am spending time working with juveniles. where's the prevention part of this piece? because if we can't get these middle schoolers through are now-ramping up to be criminal jenna, if we can't stop them in middle school, all of this is for not. that is where we need to be going, is middle school, and maybe even elementary school. where is this going with juveniles and how to impact those folks? mr. owens: georgia's tackle but we have also been other. >> we have looked at costly out of home placements. $90,000 a year for a bed in georgia. refitted it recidivism is between 35% and 50%. we asked 29 counties in georgia who represented 70% of georgia's at risk youth to build evidence-based program that at been proven to reduce recidivism in the populations. after th

edward horowitz@ good to see you.@ p>> romona: thanks for joining@ us .@ let's talk about kasich.@ he said he would win ohio and@ he did.@ how did he do it?@ i heard from a lot of people@ who said they would cross over@ to stop trump and vote for@ kasich is.@ you said you have some@ interesting exit polling.@ >> the question about whether@ people were crossing over is@ happening.@ we knew from the cuyahoga@ board of elections they said@ lots of democrats were asking@ for republican ballots.@ i saw three people do that at@ my polling place.@ i think there was a lot of@ interest to vote for john@ kasich.@ he won in almost every@ category.@ he won for all men and women@ and he won that and won with@ college people who have a@ college degree.@ trump's base came out for@ him.@ people who identify themselves@ as not having a college degree@ identified as having more blue@ collar folks voted for trump@ and people who identified that@ financially they are worried@ about the future, they voted@ more for trump.@ that suggests the trump base@ is strong here.@ he still has a number of@ supporters

my name is jake horowitz. under policy director at the pew charitable trust. we have for folks who could not be beat in terms of bringing information on this topic that i just laid out. i'll make very brief introductions because i know we want to skip those and get right to the meat of this. sitting to my right is judge boggs who sits on georgia's court of appeals, former superior court justice also former represented in the georgia state assembly. and for the purpose of today's remarks he's speaking in large part as an individual who serve on the special counsel for criminal justice reform for georgia. starting in 2011 and a group is co-chaired since 2012. next to him, juliene james, senior policy advisor at the u.s. department of justice. both administered the initiative but also served a second provided to the inner work. to my left, jody owens, managing attorney at the southern poverty law center. he served on mississippi's corrections and criminal justice task force in 2013. to his left, senator gerald malloy is represented south glens 20th districts sinc

venture capitalists than horowitz spoke to emily chang about his life and legacy. very close. you called him the greatest teacher and the greatest ceo ever. i want to know more about your relationship with andy and what he meant to you. ben: it started with me reading his book. it is this amazing thing. here's this guy who came here literally as a refugee, and then built intel, which was, in my era was the most important , technology in the world. time, his time as ceo, he wrote a book called ," and a lotagement of ceos write books, but no ceo writes a book like that. most write about how great they are work on a company they built. run a companyw to the right way. i think it is still one of the best management books ever written. it completely change my career to have a book like that. emily: it is interesting because reigned at intel threw fits and starts. it was not always perfect. what was so important about him when it comes to the history of silicon valley? how did he shape this place that we know today? ben: i think not only did he build literally the founda

nenture capitalist, been -- be horowitz spoke to emily chang about his life and legacy. very close. you called him the greatest teacher and the greatest ceo ever. i want to know more about your relationship with andy and what he meant to you. ben: it started with me reading his book. it is this amazing thing. here's this guy who came here literally as a refugee, and then built intel, which was, in my era, was the most important technology in the world. during that time, his time as ceo, he wrote a book called "high output management," and a lot of ceos write books, but no ceo writes a book like that. most write about how great they are, or what an awesome company they built. he wrote a manual on the right way to run a company that is still one of the best management books ever written. a completely changed my career to have a book like that. emily: it is interesting because he reigned at intel threw fits and starts. it was not always perfect. i wonder, what do you think was so important about him when it comes to the history of silicon valley? how did he shape this place

a horowitz investigation reported in a four-year period between 2009 and 2013 that 50 u.s. tax-exempt organizations, alone, funneled more than $220 million to exclusively jewish settlements in palestine. the hebron fund that you see is one example. this is a brooklyn-based group that provides approximately half of the hebron settler community's funding. between 2009 and 2014, it transferred $5.7 million to the settler community of just a few hundred individuals who live in the midst of 220,000 palestinians. this small but heavily armed and guarded settler outpost among nearly a quarter a million palestinians has acted as a par mi a mi a military force. this community further has well documented connections to terrorism and human rights abuses. accused of crimes, theft, harassment, assault, destruction of property. they've been involved in gunfire, attempts to run people over, poisoning of a water well, breaking into homes, spilling of hot liquid on the face of a palestinian and the killing of a young palestinian girl. another organization is this, this one, honenu. i'm not

and then there's other examples, think the counterexample in a sense, i mean david horowitz from this the day he's one of the few people who are alive and to this day he is profoundly angry about this trauma he experience and that he blames on the left and blames on himself. he does not seem any more more intense. he's written a few books about how content he is and how he's at peace with the universe. if you talk to him for five minutes that is not true. it it depends on the person. i think there are people - my courts was a much more interesting and compelling writer on the left than he was on the right. it depends. that should be the epigram at the beginning of the book, it depends. thank you so much for coming out. i out. i really appreciate it. i'm happy to sign books. feel free to email me if you have questions. go to the university of texas website. [applause]. [inaudible conversation] [inaudible conversation] [inaudible conversation] >> book tv continues in prime time tomorrow with the books on george washington. our lineup includes edward larson's book on the events that led

joining me, todd horowitz, chief market strategist at bubba trading.com. that is bubba for president by the way. he is not endorsing a particular candidate. is this a trend or is it a bubble? >> it's a bubble. always been a bubble. you can't have market continue to bo up based on what federal reserve says and what they do, devaluing dollar, negative interest rates, giving free money on street. markets run in cycles. this is greed sy kel. david: clearly fed can move markets. markets are moving the fed. that is where they're getting all the cues. do you agree? >> i agree the fed is strictly watching what wall street does, if the markets get in trouble, what happens, fed comes out and does something. david: fed is not supposed to do that. make sure the dollar is solid and unemployment is down. by the way, talk about bubbles if fed is creating a bubble, there is talk about another condo bust looming in miami. "wall street journal" had a big piece about that today. >> of course, when you understand, when you bring in too much cheap money into people and you for

thank you, matt horowitz, for that point. the person who writes for me.e are ignoring the chinese stock market. the chinese stock market traded up in the last hour. but, remember, this market is down big. it seems like people are saying, wait, we're all right. valet is okay. bhp hitting a bottom. we're ignoring earnings from barclays. we're ignoring barclays. >> glenn glencore. >> how with we ignore these. >> people are not talking about european banks. two weeks ago, a big krconcern. now less so. >> dudley saying downside risks are increasing. he ceasees 2%. >> he caused a rally in china which caused a rally in europe and then a rally in the united states. he was the most sanguine who replaced bullard who was more s circumspect. >> like a pasteesh. >> if not a mosaic. >> huntsman corporation doing the honers. at the nasdaq, alexion pharmaceuticals focusing on therapy in rare diseases. >> there was a period where you thought every biotech would be taken over. the biotech hangover has been one of the big -- >> healthcare yesterday, they just started sellin

david deckel bomb of argus research, and david horowitz of raymond jams. >>> let's switch gears, lookingshares of shake shack, down nine, ten% after weak guidance last night. >> if you think about the places they have been successful, high labor cost environment like new york and big cities. i'll see what happens. >> chicken is supposed to be the most important thing ever. yet we don't know what it's going to be mean you about it's going to be great. >> i wouldn't touch this stock on valuation. i think it's still a no touch. >> i have never felt more confident on our team and excited about the future of the company. >> the issue here is valuation. look at the forward pe of shake sharks around 105. the industry average is 62. so you are paying for better than expected guidance and that's exactly what we didn't get. tim see more was talking about a comment made the ceo on the conference call saying changen is going to be the most monumental addition to our menu, but we don't know what it's going to mean. that's not what you want to hear. >> they sell meat on a bun. >> delicious meat on a b

stuart: ami horowitz, come back anytime you like. the attack and belgium is going on. was in cuba. the address the attack for 51 seconds at the top of his speech to the cuban people. they said he did the way. leslie marshall is with us this morning. you're a democrat. about 20 minutes ago i put on the air and editorial and i suggested that what is going on in europe at the moment, the migrant crisis in the terrorist is in part the responsibility of president obama. i know you don't agree with me. let me spell out my case. president obama retreated from syria. they crossed the red line it didn't do anything about it. 4 million migrants that the country enough to go to europe. then he evacuated and left iraq. incomes isis and isis is no threat to the world. part of the responsibility for what is happening over there is president obama's responsibility. tell me where i'm going wrong. the >> first of all, the reason people are fleeing syria would've taken place regardless who is president, whether there is a red line and i agree he should have been more forceful with regar

todd horowitz is here, and he's not buying it. you're a frequent commentator. appreciate that.ing us in the background here there's this enormous problem all around the world with what central banks are doing and not accomplishing and you used the word crash, crash coming, right? >> yes, and there is a crash-- good morning. stuart: good morning. >> great to be here. and chicken little, it's over. the central banks are doing dramatic amounts of damage to the overall economies around the world. every time you devalue the currency, you create less opportunity for the middle class to survive and make more money. you create less opportunity for the banks to be wanting to want to lend out money. the banks are having the biggest problem of them all. the banks are too big to fail and we bailed them out. i don't know why. now they're not lending and the premise is built on them lending money. they're not lending money and not making enough. so we're going to end up with a bigger problem. stuart: are the banks keeping a great deal of money with the federal reserve because the federal res

stuart: todd horowitz, you're a sharp-edged critics. central banks, you don't like them.t do you think she's going to say this afternoon? >> i think she'll say nothing as usual. she'll double talk as typically happens. the real question i have, stuart, if you're only data dependent according to janet yellen and the rest of the feds, why are this he out talking today? what are they going to talk about? all they're going to do is try it manipulate the market in one direction or another, all they've done the last seven years talk about nonsense instead of truly being data dependent on getting the economy back on track. stuart: it's true, but we will be glued. all investors and traders will be glued to this. they're reading between the lines and reading the tea leaves. it probably will move the market, too. >> it's not working because we haven't had an all-time high in ten months. they can keep talking, but it's not leading to returns in the market. stuart: how about the price of oil. earlier this morning, we were at $38 a barrel. we're now at 38.10, down a buck and change. b

stuart: we have with us todd horowitz as he usually does. he's in chicago at the moment. i want you to come in on this one and explain to me why we've got a minus 40 points for the dow industrials, very little movement for gold or oil or treasury bonds, not much movement. why is this after we've got this horrendous terror attack in europe? >> good morning, stuart, yes, it's very sad about that attack and our prayers go out to those who are injured. the markets are not ready to go down and they're clearly telling you they're not going down because we saw from the paris attack and from paris, from brussels. the markets are strong because money is really cheap and investors, at the end of the day, it comes back down to the money and they're holding this market up. we had almost no reaction overnight. the at 2:30 this morning chicago time, the markets were down 80 points, but gold rallying a little bit and the bonds a little bit, but we have not recovered yesterday's gold selloff or yesterday's bond selloffs. the action is extremely muted because at the end, it comes back dow

. >> filmmaker and political satirist ami horowitz went to the streets of predominantly white neighborhoodsbrooklyn and spoke with minorities in east harlem to find out their opinion of cops. he joins us now with what he found. thank you very much for joining us this morning. >> it's my pleasure. >> it's a fascinating video. i encourage everyone to check it out. i want to play a first clip of white liberals in brooklyn and what they had to say about the police and have you react briefly. >> i've seen videos, not necessarily in new york, where it looks like cops are out of control. >> they're greedy, and they're racist, and it's not just in new york. it's nationwide. >> becoming a police state, and they're doing whatever the hell they want. >> an epidemic of brutality? >> yeah. >> you think -- institutional racism in the police department? >> yes. absolutely. not just in new york, nationwide. >> yeah. >> and not just in the police department and -- >> the country itself? >> the country itself. i don't personally believe in making huge blanket statements. you know what i mean? >> is this what