jared cohen is director of google ideas. thank you, guys. when you watch this, this boston episode, what did you think about the power of technology for -- this process of self-radicalizing on the internet is just fascinating where people no longer need a community and they no longer need a leader and they just kind of find all that information out there. >> look, this is a terrible thing in boston and, obviously, we don't want it to happen, again. good digital stories about it. the use of crowd sourcing of the photos and the fact that somebody left a cell phone that was helped to track and cause the shootout. et cetera. the fact of the matter is people have gotten bad information from books and so forth and now more readily available on the internet. overwhelmingly, the internet is used for a positive force and be used to catch these people. >> that's why the end of the day, eric, you say, look, we can look at the way people use the internet for bad reasons, but ultimately, it's a hopeful story, you think. >> one way to understand it, we're

eric schmidt and jared cohen the new digital age reshaping e future of pple, nations and businesses. thank you. >> thank you. >> rose: thank you, jared. back in a moment, stay with us. >> the development bank was massive infrastructure project that have become synonymous with the rise of china, also played an important role in increasing china's global influence, it helped bank roll the regime of hugo chavez with loans up to $40 billion and also lent more to africa since 2001, than the world bank, chen juan runs the bank, princeling son of one of the eight immortals that helped build china as we know it. we join from washington from two reporters from bloomberg's beijing bureau, the authors of this book, china's super bank, oil and influence how china development bank is rewriting the rules of finance, henry sanderson and eric schmidt, i am pleased to have them here to talk about this, help me understand how the china bank is underwriting, is rewriting the rules offinance. >> >> we decided to look at this bank, because we see this bank as the real power behind china state capitalist s

it's by eric schmidt and jared cohen, google's director of ideas, who are on the show. masterful tour of all the issues that are raised by the dominant technological trend of our time, which is the information revolution. it's a must-read for anyone who wants to understand the new world. now for the last look. take your first look at the new $100 bill. when the government released a sneak peek this week, critics in america were less than thrilled about the new franklin. it seems americans like their greenbacks green. and many were taken aback by the shades of purple and orange, but perhaps ben franklin's more important constituency today is overseas. after all, almost two thirds of all $100 bills circulate overseas, not stateside. and perhaps that's fitting for a bill that's strewn with images of a man who lived and loved the ex'pat life, first in london, and then in paris to represent the young united states. i have to wonder, though, what franklin on printer would make of the high-tech anticounterfeiting measures that are meant to stop people from printing his image.

joining some on set are two people good at both science and math, jared cohen, author of "the new digitaland rachel haut, new york's first chief digital officer. welcome to the program. >> thank you so much. >> rachel, i'll go to you first on this. every time i hear about developing tech, getting is more digitally savvy and coding and programming, you get excited, and then the reality of where this country is in terms of math and science and engagement and learning about the issues comes crashing down, i feel bereft. how do we encourage american students to succeed in these fields at a time of, i would say, near crisis in the areas of math and science. >> this is why the mayor has been behind the investment on roosevelt i'd to encourage. >> the cornell technyon, it's one of the leading schools in israel, and the highlight of we are made in new york. the idea is to get everyone excited about the fact there are over 1,000 home-based tech companies in new york city hiring for thousands of jobs, and that really responds, incites people to get excited. that's why the website highlights everyth

the new digital age, reshaping the future of people, nations and business with eric schmidt and jared cohenis, you always have new techlogist, we conclude in the book that the empowerment of people is overwhelmingly good from their perspective. you just have to have good answers to the privacy questions, the governance question, the trance national border question. >> we have more visibility into the chance that await us than any other time in history tri, these are really tough problems that await the next 5 billion people, you need every engineer, you need every thoughtful person and everybody who is currently studying and interested in

. >> we have a new book out by google executive chairman eric schmidt and jared cohen.will be right back. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ nespresso. where there is an espresso to match my every mood. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is made at home. and where i can have exactly what i desire. ♪ nespresso. what else? >>> welcome back to "squawk" this morningment google executive chairman eric schmidt and jared cohen teamed up on a new book about the new digital age reshaping the age of people, nations and business ranging from technology's effect on terrorism to privacy, security. guys, thank you for coming on this morning. really appreciate it. i've got the book in my hand. i read it. i stopped on page 74. i read the whole book. but i stopped at a quote on 74. given this week we just lived thh, t situation in boston, given all the issues about china, h

it includes jared cohen, who's the president of carnegie mellon university, who before he became cmuresident, was an environmentalist from yale. and me, i've always been an environmentalist. and when i was at alcoa, i operated under a principle that said, we should not do damage to the communities we live and work in. >> yeah. >> so this is my idea of how to do public policy and take away the possibilities of energy development creating bad consequences for the environment and treating it as somebody else's problem. we should not let that happen. >> i agree on the energy story, being a game changer. i mean, you wonder where the growth comes from in this economy, without changes to energy. and i'm glad you mentioned alcoa. you ran alcoa from 1987 to to 1999. long tenure at alco, did very well under your leadership. over the last five years, this stock is down 77%. i look at alcoa as an indicator for the overall economy. what is wrong with this stock, with this company? is this an indicator for the economy? do you think we should be looking at alcoa like that? >> you know, i don't have

internet and social media, o that googl executive chairman eric schmidt and google ideas director jared coheneir new book is called "the ne digital age." nice to see you. it'sll about how the digital world is changing our lives, our safety, our businesses, but let's look at it in the context of what we've all justived through over the last week. first, the bombings themselves and then the investigation. what was the digital impact? >> well, this was a terrible tragedy by any measure, and yet the digital world helped a lot. after the police figured out rohly who they were, they released videotapes and a million people looked for these people. and i'm sure that really spooked them. >> so these member of the digital community became quasi-law enforcement agents. >> if you're locked down in boston, what else are you going to do? you're going to look. >> but it's interesting, you immediately highlight the positive. jared, let me bring you in here, because some peoe might say the digital world may also have been where these brothers radicalized their views, where they may -- we don't know -- may ha