innovators to have stuff stolen. that is a balancing act each we are very good at it which working -- bob helps him, it is doable. there are competing interests but they have the same problem. other people get locked in. the more you have open systems where they continue to keep ip on the parts they plugged in, not the others can plug their own in -- >> we wouldn't do that. >> we want to go in. it is harder for these, civil service, what can we do? >> this is a key one to spin it out. that is to do direct college campuses, talk to kids and say i wanted to apply for a government job and apply for the website and filed with at work and getting no word back graduation time came, my first choice, parents are saying get a job, don't come home. i took the job from somebody who can offer me a job which wasn't as meaningful as the one i wanted. i was 6 months into the job and low and behold got an email from the government saying how would you like to interview, that doesn't work for a kid. today's kids especially because th

it has been a very important innovation and expensive one. i was a comptroller for the air force in the 1990's and i remember saying, only half in jest, if i was allowe have needed any money for gps, and i might have been able to fund much of the united states air force. it is one of the important innovations the department created that has helped america, and also helped the department of defense. host: as someone who gets lost all the time, i'm quite you did not end up charging for that. mckenzie, another thing americans use every second every day is the internet or in -- internet. well. guest: there are some well. guest:dod-led innovations that e helped, such as hairspray and plastic bags. others have fundamentally changed our way of life. it is not just the internet. they have changed our way of life and our commercial economy. it wasn't limi the department also basically gave birth to e-mail, computers, and the internet. all of those together have changed our entire society. and, that has helped driven by the internet. the impact on our

francine: you spent a lot of time with innovation, innovators, entrepreneurs. the u.s. -- this is why we have uber. a find an idea and they put money into it. >> one of the weaknesses of europe is that you do not have an integrated domestic european market because of local legislation, because of languages, a number of factors. in the u.s., you have a good idea, you have the ecosystem. when you are in europe it is much were difficult. this is one of the challenges. we need to build that huge european domestic market. trying -- wewas couldn't really talk about ranks specifically because he was in a quiet period, so they can say anything that relates to his business. but overall he talked about the dialogue between the millennials and how they can access -- remember, they are different to us, they are less loyal, they want things faster, and they change bank accounts more often. tom: thanks so much. i go back to the idea of two major bankers telling me they underestimated the use of digital by older americans. they thought that was something all their experts got wrong. n

incentivize the innovators to go fast and forward. whatever happens this election, you want to hope that those things are put in place , and i would say a vision really helps, too. how do we get everyone focus? emily: that was beth comstock and brad stone. two discovery communications, -- now two discovery communications. the company looking to move beyond its linear television business. we caught up with the discovery ceo at the vanity fair summit. take a listen. >> we are working on our ip, not just for tv, but with sports in europe. we have euro sports. we are the leader of sports in europe. we have been aggregating ip. we have the olympics for the next decade in europe. with tennis,ader cycling, winter sports, olympic sports. within the aggregate, we are the number sports provider in europe one and we have just launched in the last year a product called the eurosport player, that it is really sports netflix. for $ 8 you get all of our sports ip on every one of your devices. emily: netflix has been floating around, speculation as a

what is true is that innovation is so important.tartups have never -- role ino important a innovation. for us, innovation can come from outside as long as it comes. that because the consumer is more sophisticated or more demanding? it is alsogon: because technology is changing a lot everything. technology is changing the beauty industry, like it is changing every other industry. so, it does not look like a because you would think that beauty products is simple. but some application, like electric -- new technology for products are important, too. so, we want to be at l'oreal, the company were technology is used. francine: thank you so much for giving us some of your time today. have a great hello summit. throughout the day we will have plenty more, of course, from the summit in paris. we'll also talk to the founder of -- anna: thank you very much. francine lacqua with the l'oreal coe. fascinating comments on the brexit. they're going to be cautious about raising prices. european stocks rebound as china data eases global growth worri

we've been seeing display innovation, battery innovation, camera innovation for a long time, those willtinue but i think where the real user experience differential will come from in the future is the sort of things we're seeing google do. emily: would you consider using the google assistant in xiaomi phones? hugo we already are to an : extent. we ship with voice search and google now on all our phones. when google makes the assistant, the next generation available, we are interested in using it as well. i'm a big fan. emily: let's talk about the new mi phone. this is, you know, your state of the art, highest end phone. apple just came out with the new iphones. samsung is having some issues, which we'll get to, but what makes you think this can reinvigorate smartphone growth? hugo this is our latest : flagship, mi 5-s, a five-inch device, crystal display. it has a couple of innovations, one is the way you want to lock the phone. we are using an under glass fingerprint recognition technology. instead of a button, it's a piece of glass with a little dimple so you can find it when you're n

what do you need for innovation?eat education systems, the right infrastructure technology, hardware and software, and lest -- and you need less bureaucracy. you need the innovators to go fast and forward. you need the kind of financial incentive. i think whatever happens this election, you want to hope that those things are put in place and i say a vision really helps too. where are we trying to go and how do we get everybody focused? emily: that was beth comstock and brad stone. discovery communications, the company looking to move beyond its linear television business. we caught up with the discovery ceo at the vanity fair summit. take a listen. >> we are working on our ip, not just for tv but with sports in europe. we have euro sports so we are the leader in sports on europe and we have been aggregating ip. we have the olympics for the next decade in europe. we are the leader with tennis, cycling, winter sports. in the aggregate, we are the number one sports provider in europe and we have just launched in the las

companies that not only innovate but actually know how to use their innovation and that's one of thethat comes out of this index. a lot of companies file a lot of patents, a lot of companies spend money on r & d and have no idea what to do with it. the companies in the index are companies that are actually driving their marginal value because they are in innovative and because they know how to respond to market opportunities. >> so how exactly is that calculation made? >> well, it's made by a number of factors. the first is we look at all of the innovation that is are actually aggregated from 168 countries around the world. so we're not just looking at u.s. markets, we're looking at global markets. and we're saying, how is a company actually anticipating where markets are coming and then defending where they want marginal profit and marginal controls as they look at the global marketplace. most of the time, people actually look at maybe how a single sector or single region is performing. we're actually saying, can we get a forward look on where that company is going and are they posi

innovation, entrepreneurship, discovery, creativity.nventory of the ingredients needed to foster a new generation of edisons. how could there be a whole generation of edisons, but in the spirit of ed i sob. recognizing the importance of respect for science, patience for the time it takes, investment in resources to produce break-throughs, and remembering that for most people, innovation begins in the classroom. in this case, the classroom of his mother nancy. the statues that fill the capitol serve for more than commemoration, they are inspiration. edison was never content to rest on his laurels. he was always relentlessly perfecting, always hungry for a new idea. he thought entrepreneurially. let edison's presence to embrace that same determination to satisfaction and daring. and optimism. let thomas edison's memory remind us of the invention innovation that keeps america number one. thank you, ohio, for sending us thomas edison to the capitol. [ applause ] >> the majority leader of the united states senate, the honorable mitch mcconne

let thomas edison's remind us of the invention innovation that keeps america number one.r sending us edison to the capitol. [applause] majority leader of the united states senate, the honorable mitch mcconnell. [applause] : i believe itell was par klees who once said whole earthave the has their memorial. i'm not sure about the entire planet but thomas edison has of admirers among our 50 states. theirrsey claims them as wizard of menlo park. michigan has its own connection. and not only does ohio have a solid stake, but the buckeyes just seriously upped the ante larger-than-life bronze statute behind us. so i'm staying out of that. remind everyone of kentucky's own ties to thomas edison. edison was only about 19 when he moved to louisville to work as a telegraph operator. long.n't last edison's interest back then towards the >> when one of his experiments went wrong, that was the last straw. edison was promptly fired. thus the curtain dropped on his time in the bluegrass state, but open to a world of new , and i would like to thank edison's experience in kentucky helped t

change in innovation. because of the ability to categorize and collect enormous amounts of data, to process it in devices in our hands and also injected in our bloodstream to look at our health and so forth. cars will not be driven by humans, but by machines. the world will change in extraordinary ways that are hard to predict. in an environment like that, a nation which is innovative nation should win. and that is exactly what we are. no nation is as competitive as we are in creating new enterprise, new businesses, new technologies and i don't know why that is. part of it is just in our d.n.a. the great majority of our ancestors that have come to this country have come here for opportunity. of the 25 largest market cap high-tech companies in america, 60% of them were started by first or second-generation immigrants. it's in our d.n.a. and our culture. our legal system encourages innovation, our bankruptcy laws for instance allow people to take risk without becoming personally devastated if the risk doesn'

do you need for innovation? great education, right infrastructure, the hardware and the software and less bureaucracy. you need to incense innovators to go fast and forward. happens, you want to hope those things are put in place and i think a vision helps . where do we go to get everyone focused? emily: great to have you here. just discussing, that the 16 presidential election is on the mind of everyone here. donald trump and hillary clinton are set to battle it out tonight in the final debate before election day. with the editor of vanity fair and asked him why he decided to take such a public stance on trump? >> donald trump is not your average candidate. we've never endorsed anybody, look atve had a closer him and i wanted to write about what i have seen in this man. whatever happens in the election, it's going to leave a stain on the process. brad stone is still with me. it is interesting, talking about whether the media has become a whipping boy in this conversation. brad: nobody took donald trump's candid

agenda iss innovation something that countries across the world intentd to pursue.nd it's also a signal that when you take the paris agreement and every country in the world commits to a low carbon trajectory, that means we are seeing the formation of a multi-trillion dollar clean energy marketplace. it's important for carbon, and it's important for economic competitiveness, that we keep pushing on the frontiers, maintain what i consider to be an edge in at least most areas of the clean energy transformation that's coming. i think it's very much in our interest to get the signal straight, get industry, get utilities, get investors, bankers, understanding that this is the direction. one of my ceo friends likes to say, and i would apply it to the paris agreement, you can't keep ways off the beach. that is where we are going. the issue -- charlie: like king canute. >> we have to deal with that, and manager to our benefit, both environmentally and economically, and in terms of security as well. charlie: are we energy independent? >> yes and no. in issue of our being net

and i think as a way when combined with innovation to address our longer term needs. so the president always said in 2013, it's kind of forgotten perhaps but when he announced the climate action plan, based upon initiative authorities, it was prefaced by a statement. hey we'd love to work with congress in getting kind of economy-wide legislation. i believe we're going to get there and i believe we're going to get there personally in not the two distant future. >> rose: what does that mean, not the too distant future. >> well this is not just me, this is not the secretary of energy, this is just me. i think we're going to get there in a few years. >> rose: you mean five to ten. >> personally? >> rose: yes. >> the lowest side of that range. for one thing i think, industry i think needs to get a clear signal about the direction we're going in. the low carbon direction i said earlier can't keep waves off the beach, we're going that way. but exactly how the fiscal policy is going to be structured, etcetera, tax policy, let's get clear signals. the capital investment decisi

let thomas edison's remind us of the invention innovation that keeps america number one.io, for sending us thomas edison to the capitol. [applause] >> the majority leader of the united states senate, the honorable mitch mcconnell. [applause] senator mcconnell: i believe it was pericles who once said famous men have the whole earth as their memorial. i'm not sure about the entire planet but thomas edison has sure got a lot of admirers among our 50 states. new jersey claims them as their wizard of menlo park. michigan has its own connection. and not only does ohio have a solid stake, but the buckeyes just seriously upped the ante with this larger-than-life bronze statue behind us. so i'm staying out of that. but let me also remind everyone of kentucky's own ties to thomas edison. edison was only about 19 when he moved to louisville to work as a telegraph operator. he didn't last long. edison's interest back then tended more towards the sophomoric than the historic. he spent his time pulling pranks, telling jokes. focus onng off work to his experiments. they warned collies t

well, i get back to what do innovators really want? not here talking to venture capitalists and startup ceos and ceos of life science companies, what do they really want? i break it down into this. they want clarity of rules. they're not necessarily saying i want the rules i want for my company they're saying please, just give me clarity so i understand the world i'm playing in. they want clarity of payment. don't hit me later on and tell me that i can't get reimbursed, can get reimbursed. i can't make models on that. give me more direction in terms of how to get a return on investment. ability to learn together. i've seen in the fda some fantastic innovation that has occurred in terms of trying to think through pharmacokinetics. -- sorry, pharmacovigilance. we're trying to think through the future of social media. we need the fda and the government overall to learn with industry. we need to do a better job of saying can we just all not try to sell anything and just come in and teach each other so we go up to speed at the same pace. th

as i was talking about innovation. people think that is technology. this needs innovation too. how will we handle those ethical kind of dilemmas in this technology revolution that is going on? we will look to see what people are bringing forward to us and decidesdecide which ones deliver on safety for the public. those are ones we support in the future. >> dr. rosekind, will we enter into a period much like 100 years ago where horse and buggies lived on the same streets as horseless carriages? >> these are, i'm not blowing smoke here, that is the term but these are great questions because we don't talk about that enough? i actually think there are two transitions that don't get discussed. one is in the vehicle. some people are focused on that is your kind of level three, you're human. you still have to be knowing what is going on. if there is something going an you might have to take over the driving. there is transition from automation to human. a lot of questions how that will go. the other transition what you highlighted. average age of cars, 11 1/2 years. if you had a perfe

innovation drives market.e need to keep leading in that area. >> at this point as you said, you've got rid of some stuff. you don't even have pringles. just the shape of the pringles is cool. it's like a physicist would take awhile -- you don't have those. is the products that you have now, john, is this the final deal? are you still selling stuff? would you -- you have made big acquisitions in the past. think gillette in the past or something like that. but is this the company you want for the future, the way it looks right now? >> this is a company we want for the future. we spent two years undertaking the most significant transformation of this company's portfolio. and we're happy where we stand. having said that, we are very active managers of our portfolio. we look to grow both organically when the right opportunities present themselves. >> yeah. you? >> i was just going to say you see this no makeup movement? maybe they got rid of cover girl at just the right time. >> what no makeup? hasn't come to this

you have to keep innovating the court to keep going.one quite a bit at going into new spaces with wind energy and digital, and doing a lot more partnerships. partnering with startups has brought us to silicon valley, creating businesses with startups and partnering so i think you are getting more big companies realizing you have to have a portfolio. brad: tell us what your predict operating system is. beth: it is the operating system for our part of the industrial internet, and it has to be built for industrial scale data, the ability to crunch large data sets, analyze all the data analytics, all the storage that has to happen. not everything is in the cloud. there are unique challenges that industrial data brings about. microsoft, we announced a partnership with them and we have a lot of great partners. i think that is something you are seeing a lot, you cannot do it all yourself. bit aboutk a little ge ventures and how it relates to the rest of the company. area is this more specific and people in silicon valley are very curious. beth

and innovation is the way to do it.ome a millionaire or a billionaire in the 21st century, it's because of technology. the only other way you could have done that is actual petroleum. and so, this is a way in which your intelligence, your hard work, your dedication allows you to do that. but on the flip side, we do need to create inclusive environments. the reality is, is that too often when i go to a tech conference -- and i've been going to them for 15, 20 years -- i would be the "only" in a room. i'd be the only woman. i'd be the only person of color. i'd be the only bilingual person. and so now, when i go to tech companies, and now when i go to tech conventions, it's a very different place and space, but there is a lot of work still to be done. >> yeah, you mentioned just how much someone can gain from the tech sector economically. so, hector, can you talk to us, because i know you do a lot of work in the community and give back, not only with your time but monetarily, as well. so, talk to us about that space. >> ye

that kind of innovation is going to be very important to carry us not just 15 years, but 50 years.harlie: is the united states in the forefront of that innovation, or is china, or other countries? >> i believe we are in the forefront. charlie: in terms of wind, solar, and clean energy? >> and pushing on carbon capture, which could allow us to use coal. we are pushing on advanced nuclear technologies. we are pushing hard on efficiency gains in all sectors. electricity, manufacturing, vehicles, etc. however, we cannot be complacent, clearly. other countries -- we are pleased about it. other countries have joined us in another initiative starting in paris. that is the first day of the paris meeting, november 30, 2015, president obama and senior leaders of 19 other countries stood up and committed to what is called mission: innovation. it is a commitment by those countries, and now the eu, to double clean energy r&d over a five-year period. i will give you the scale. that would take us from $15 million a year to $30 billion per year. the united states is by far the biggest player in th

when i talk about innovation. this is part of innovation as well. how will we handle those ethical dilemmas in this technology revolution going on? deliverso decide what in safety for the public. mr. peter slen: will we be entering a time frame much like 100 years or so ago when horse and buggies lived on the same streets as horseless carriages? dr. rosekind: i am not blowing smoke. at that is a great question. we do not talk about that enough. i think there are two transitions that do not get discussed. one is in the vehicle. that is your level three. you are human but you still need to know what is going on. if it is bad, you may need to take over. there is a transition from the automation to the human. a lot of questions about how that will go. the other transition is what you highlighted. the average age of cars, 11.5 years. if you had a perfect self driving car tomorrow, it could for that new years technology to penetrate the fleets. if you have it tomorrow, it would still take 20 or 30 years. i really like having the top down on a highway in c

we will take advantage of innovative digital platforms.o innovative that their very existence i didn't even know about. before we made partnership with twitch, i had no idea there was a live streaming service where you can watch people play video games and certainly had no idea that they had 10 million visitors a day. these are all good things to know once i have a little more time in january. [laughter] sec. burwell: like in previous open enrollments, we will wrap up our efforts around deadlines which drive consumers, especially young adults to act. ultimately, the marketplace is strong and will continue to be strong because it is offering a product that people want and they need. thisis why going into fourth open enrollment, we are confident in our ability to grow and strengthen the marketplace. howy year we project medieval will sign up to the marketplace because we think it's important to set a clear goal to manage two. this year we know the marketplace is strong but we know it can grow. today we are releasing our open enrollment proje

we have the technology that allows us to innovate.ink of any disease or disorder being fair game, we only have to look as far as personalization to see how much rare diseases have taken off. i remember a time in the industry where rare diseases were something that no one paid any attention to because you couldn't make any money. now with enough incentives, we're revolutionizing how we actually look at rare diseases. and we'll do the same thing with many other sub topics of health as we go. so, when i bring it back to the chamber of commerce, very conscious of the stage i'm on, this is an unprecedented opportunity for this country. with silicon valley and the medicine chest that we have here, if we combine those two, we're going to lead the way in the world for the next couple of decades. there is nowhere else on earth that has the kind of intelligence we have in our great 50 states. it's a question of how we decide to use it. and when i look at technology, here's some things that we know are true, as i end this talk. one is that techn

so we have great innovation in all these areas. have worked five hearings on my research and technology hearings. loudoun, we had john would come and testify for us. and i'm proud to have his support on how we can use the expertise in our private sector and bring that into the government. he was a great advocate for us. on the science and technology area, we have to partner with our universities. that is why having the kind of leadership that we have and those relationships, i don't start fresh. i have a lifetime of relationships in the public on biology,stem, i'm so excited with what is going on with the new cancer center in innovaro. leader in our area. todd stottlemyre, leading that has been a leader in the business community. and all the above, i would not select anything. we have the town to grow in all these areas. bennett: if we are going to focus on any sectors, i would focus on the sectors we re: have a really good core infrastructure in. and certainly, information technology and cyber are two areas that will be growth are

we continue to innovate in those areas. they are, as we move to more local and regional procurement, as we move to cash based systems, there's less of a need for that except in those very violent emergencies. i think you have been to the berm and jordan. i wouldn't call it so much of an innovation, but there's a big crane that delivers assistance from the jordanian side to the syrian side of the border. it's kind of a sad situation, but you do what you do to get the resources there. we'll keep innovating and make sure commodities get where they are going. the new technology is opening up a world that really couldn't imagine a few years ago. >> you want to comment on that? >> i would like to comment on it. i think from your question and people moving to new technologies, there's a new understanding that even when it is happening, there are times when it's more disruptive than what it's doing good. when you speak about being dropped into a community, a small community, then often the person who has had the small mom and pop s

c-span3, a conversation on health care policy and innovation. a look at anger and apathy in the 2016 presidential elections. and secretary of the navy ray mabus on the future of the service. >>> after i came up with my idea of reproductive rights, i went and researched with recent events i've heard about in our news. i knew i could find information on that, and that would also help me figure out what points i wanted to say about it and how to form my outline for my piece. >> i don't think i took a very methodical approach to this process which, i mean, you could, if you wanted. but i think that really with a piece as dense as this, i would say, it's really just a process of reworking and reworking. so as i was trying to come up with what my actual theme was, i was doing research at the same time. and i was coming up with more ideas for what i could film and i would come up with an idea, that would be a great shot. i'd think about that and that would give me a new idea of something else to focus on. n really the whole process is just about buildi

as we innovate this kind of content.tomers can stream any kind of content any kind of video anywhere, ultimately, we think we'll be competing head to head with the cable companies with a wireless offer. we can hit those kind of price points. combine it with this kind of content. we think this is exciting. >> we are talking about the cable-free customer or the customer who wants to be cable-free. time warner, you and i talked about some of the things time warner has been doing to sort of see the film struck for example, talk to me a little bit about how this deal, how this deal fits in to that. >> well, we had progression for years. we wanted to have more video on demand. that was launched at hbo about 15 years ago. and then progressively we've seen broadband delivery give us more think of netflix, hulu and amazon. we added film struck which is for film buffs and hbo now available. you can subscribe to that without adding anything else. you can do it a number of ways. i think what we're going to see with this kind of a pl

you have to experiment with innovation, and part of that ability to innovate and create and try thingswhat gets people emotionally connected. >> you know, i was looking a little bit at the history of facebook and how it took over myspace, which used to have more viewers than anybody else. when you really drill into it, you find so much of that was a failure to listen to the customer and innovate, unlike what mark zuckerberg did with hack-a-thons at night. we were study dg and looking at a company in china, started by two brothers from a very poor area of rural china, and they're a competitor to walmart in the food area. they separated their company into red and green stores. the red ones are the core. they want to bring the freshest food to the chinese mother. but the green ones are run by somebody else, and they're trying every innovative idea. the ones that work they move into the red stores. you have to not stick by your formula, which companies like twitter may have done a little too much. you really have to be constantly pushing the boundaries. testing, getting your smartest peopl

together they represent the echo innovation, innovation ecosystem in our cities here in boston and i know that sounds like a buzz word. i use that word a lot when i'm talking to groups but it truly has such a real meaning as a parred. our city's economic success and global reputation is built from our ecosystem, our university research, entrepreneurs, global product leaders, thank you for sponsoring and choosing boston to put headquarters, to the great city. different feeds that feed to the mighty river. global leadership was built on life sciences. we understand the transformative value of this kind of positioning not just here in the united states of america but in the world was built on the life science, for example, we create partnership with cities and town up and down the red vine, the first time really that embraced regionally in the cities that we are talking about are boston, obviously, cambridge, chelsea. we think about the strength of those neighborhoods and those areas. we all have ability to build housing and we have the common thread of the red line that goes through th

do anything too inhibit innovation of that technology. we also want to make sure that those innovations are not used by people who are seeking to do harm to the united states of america. thee is an opportunity for united states government and tech companies in the united states to coordinate. there is one example -- there are many examples, but on me cite one example -- where the united states and technology companies have become more effective at coordinating their efforts. we know extremists affiliated with isis use a great range of social media tools to propagate their ideology. there are documented cases where the propagation of that ideology through social media has radicalized people in far-flung corners of the world. the united states government has worked effectively with twitter and other social media organizations to shut down the channels that are being used by those extremists. that is a good thing, and that is an indication of the kind of effective coordination between the u.s. government and technology. i don't what a lady w

how do i build the innovation economy? that is not trump.ly: what is your impression of hillary? hoffman: she will be a great leader. wants toquestions and bring america together for touch is very focused on small business and how does every american get a job in the future? how does that happen? is it investing into bitter science, small business, or capital for small business? how do we make all that happened so in the future together. she approaches it with a question of how do i get everyone involved? what are the ways you can help with this? she never asks me about winning post-up she asks me questions about the economy, about middle-class, about technology helping the middle class. those are the kind of things we see from hillary. emily: you send a letter endorsing hillary clinton. what do you think she needs to do to win younger voters? the people that don't even want to go to the polls? hoffman: they want to hear a big vision. that is why they loved obama. hillary is a content leader. she says how to make something happen? she doesn'

- well, i think probably the most innovative thing we're doing in aviation is next-gen. this is a technology that's gonna move us from world war ii radar systems, to 21st century gps. if you think about the way that our airspace is organized, we basically track planes on a five or six second point-by-point basis, so we have to allow much more room between planes to account for variations that may be on the path the plane is flying on. if we can track a plane instantaneously, moment by moment, we can actually have our planes flying closer together and realize a lot more efficiency in our routes. we're already seeing airlines, by virtue of some of our deployments, saving millions of dollars on fuel because they're not being tracked around a route, they're actually being able to go much more directly. - and then we as passengers are benefiting because we're getting from place to place more reliably and more quickly. - yes, we think that 48% of the delays you've experienced to this point will be eliminated by next-gen. - so let's talk about city specific innovation in transp

technology innovation as we are looking at represent that transformative opportunity to save lives and everyone --. >> host: given that this is technology in an automobile but given its technology will there be other government agencies involved in setting rules and regulations? >> guest: that's a great question because i think we are trying to highlight everybody talks about their vision for the states and i think we are watching it be created right in front of us. that's a great question because right now it nhtsa and d.o.t. are. >> in the middle of that and part of that is the vision we need to play a role but when you think about all the other areas, the motor carrier safety division they will have a role in this. we are looking at potentially spectrum and how that shares vehicle to vehicle and indication, connected automation so there will be a lot of government agencies that can be involved but let me start with the vehicle at the central point with nhtsa and d.o.t.. >> host: david shephardson. >> guest: the critics say there's not enough files or data. google has driven 2 millio

best had his most important innovations, making improvements to the track design. point ofwhat is the that? our machines are still powered by the track. one thing i think that makes this exhibit unique from any other exhibits that have been done on best is we worked with the best family, specifically grandson, daniel best, to make this all happen. you are looking at artifacts from the best family, and they ranchers in northern california. they loved doing events such as hiking and horseback riding. this was a saddle used by c.l. best. he was a prolific fisherman. one of the things they would do, they would ride through national parks. such is used in mitty. they would pack it in. they would bring horses. they would film these events. -- such as yosemite. tells -- not only about best, but even caterpillar, they were very generational. we will end by two families, and peoria, a kind of lets you in on that experience. be game changer. best's- this was c.l. game changer. this allow them to be on the same footing as holt. they never would have been able to do the merger

>> first some of the thinks mentioned earlier, the financial innovations moving to us think about how we deploy our capital more creatively. that's one piece. the other thing i would say is deachening into different sorts of partnerships like those that john and nina talked about. that's another piece. and think the third is just thinking about what are we learning and seeing out there that ought to shape the way we do things. two quick examples that perhaps people wouldn't think of when they think of the world bank. firsting picking up on the-of basic nutrition and feeding people. we have come to realize through tons of research, not just the bank's but james heckman in chicago and other places, the importance of early childhood nutrition on basic cognitive development and how important it is that children against the right nutrient when they're very young. it matters because from a development perspective, an awful lot of countries have 40, 45, 50% of their children who are stunted, meaning have low height and weight, which ties very closely into cognitive development. it's hard to

how do you invest in innovation and how do you do that over the long-term?t is not the art of the deal or a single deal maybe you don't pay your contractors later. it is not that kind of thing. it is the kind of thing where you invest in the long-term and that is what i see hillary doing her entire career as a public servant. she asks me questions about how do i build the innovation economy? that is not trump. emily: what is your impression of hillary? mr. hoffman: she will be a great leader. she asks questions and wants to bring america together and is very focused on small business and how does every american get a job in the future? how do we make that happen? is it investing into computer science, small business, or capital for small business? how do we make all that happened so we are all getting a better future together. she approaches it with a question of how do i get everyone involved? what are the ways you can help with this? you would think she would sit down and talk only about winning. she never asks me that question. she asks me questions about

that research produces lots of innovation. we need to make sure that that innovation moves to the marketplace, to make an impact to society. those are the two areas which we have to pay attention to. >> are you saying only the government has the scale to do it? >> only the government has the scale to do that. there is no way philanthropy organizations can support that kind of search. >> if we don't although do that we lose our leadership in science and in medicine? >> we will absolutely lose our leadership. we are on our way to losing our leadership if we are not careful. right now, our economy, our i innovation and known-based economy is benefiting from federal funding research -- >> your position in the world? >> absolutely. >> you just won a nobel prize in economics, one of your for the nobel peace prize as well. what does that kind of recognition do to solve this deficit in funding? >> well, we speak -- we have the podium and the microphone to speak about this issue because we understand it, but we need people who are will

we need to work with innovation. we have a great technology community here. we can take our technology and our know-how to the offshore drilling and get the resources into alternative energy but that's a great way to create good high-paying jobs. >> moderator: ms. bennett, 60 seconds for you. bennett: we need leadership in this area. we are in this transition from fossil fuels to clean energy. we need to recognize the opportunity to get innovation and manufacturing only to manage the challenges that a new tradition presents. i have done it in my business several times and we need to do this in government as well. my three sons that i mentioned earlier, all three of them have started their own businesses. in my family we are pro-business family. one of the businesses is the energy welding technology and addresses conservation in commercial office buildings. i'm very proud of him as i am all of my sons but we do work in this area. this won't happen overnight but make no mistake it have to happen. let's stop fighting climate change and pretending that it doesn't