and lauren sanchez, the glamorous fiancee of jeff bezos, opening up about overcoming a learning disabilityested and she goes, you have dyslexia? i went from a 2.0 to a 3.8. >> becoming a journalist, a pilot and now an author. what she says is her next big adventure. what's more nerve wracking going into space or planning a wedding? >> planning a wedding? plus, i can buy myself flowers. >> the epic battle over flowers miley cyrus sued over her mega-hit. here with leaffilter, mega-hit. >> nightline will be right backn america's largest gutter and gutter protection company. leaffilter has over 150 locations and has been installed on over a million homes. we've been protecting homes now for over 20 years. our patented technology offers total protection for your home and comes with a lifetime transferable warranty. the process is simple. give us a call to schedule your free gutter inspection. if you decide to move forward with the project, you put nothing down at all. 833 leaffilter or visit leaffilter.com today. to the next. did they even send my lab work...? wait, was i supposed to bring that

great week on the stock market bolstered oracle chairman larry ellison's net worth, edging him past jeff bezos briefly. his net worth reached $208 billion after the market opened. then it fell to 197 billion. he must be apoplectic over that. according to forbes, real time billionaires list. bezos, who has claimed the title of the world's second richest person, is worth $204 billion with a b. oracle's stock is having its best week since 2021. this comes following a better than expected earnings report for the next fiscal year. elon musk, by the way, is still at the top of that list. a hip hop star isn't feeling the love from the nfl. we're going with chevy trucks, be ready for adventure. with power you can count on... capability that doesn't compromise... ...a hard-working ev with more range than any competitor... and the potential to take you anywhere. it's chevy truck season! get 1.9% financing plus, make no monthly payments for ninety days on all 2024 silverado 1500 pickups. chevrolet. together let's drive. rapper lil wayne, but he won't be performing at the halftime show. and he says that d

jeff bezos, elon musk, bill gates, other oligarchs. this is not only about americans, oligarchs are all over world. the gap between ordinary people and the rich is huge, it is only growing, so people's attention needs to be redirected, they need to be convinced that they have an enemy, and this enemy is not the oligarchs, not the ruling class, it is not them, they are the ones you can trust, all politics in the west is focused only on making money. that we will spend money, ordinary people believe this nonsense, they do not protest, they do not even ask why you ask us to vote, our vote does not affect anything, i can not speak. i would also like to recall that nazi greeting that you mentioned. zelensky greets, raising his hand. these people are nazis. and vladimir putin's explanation after the start of the special military operation was that there were three reasons for the invasion. the first is the identification of ukraine, the second is the protection of the residents of donbass, who have been killed and continue to be killed since

about an immigrant coming here to "take our job" is a minute we are not focused on a system where jeff bezos makes $7.9 million every hour. $7.9 million an hour. every second we let elon musk talk about people going woke is a second we don't spend on him and donald trump laughing at their ability to fire us. listen to this. >> i look at what you do, you walk in and say, you want to quit? [laughter] i won't mention the name of the company, but they go on strike and you say, ok, you are gone. everyone of you is gone. you would love it. liz: the used to say that in back rooms. now they are saying it out loud. but all of the country people are realizing there is a movement where you actually can fight back against people like that. [applause] where you can actually get some power and control over your future. where it is not about your race, gender, age, orientation, or religion. it is about standing up for your freedom. to everyone out there who feels tired, who feels alone right now, who does not feel happy with howhis are going, take a look at that screen. look at the joy on that screen now.

the fourth richest person in the world behind former oracle ceo larry ellison, former amazon ceo jeff bezosesla ceo elon musk. zuckerberg has been a billionaire since 2008. much of his fortune comes from his meta platforms holdings. according to reports, zuckerberg is projected to become a trillionaire by 2030. on wall street today, shares were higher after china made moves to boost its economy. the dow was up 83 points to set a new record. the nasdaq gained 100 points and the s&p also set a new all time high with a gain of 14 points. well, governor newsom signing a number of new bills this afternoon with more expected later this week. today's bill actions include his signature on a package of consumer protection bills targeting medical debt, overdraft fees and unfair subscription practices. under one bill, medical debt will no longer be included on consumers credit reports. another prohibits certain banks and credit unions from charging non-sufficient fund fees when a transaction is declined due to insufficient funds. and two new state laws are aimed at boosting farm workers access to affo

. >> in january 2023, just after indian billionaire gautam adani toppled jeff bezos to become the world'sw york based short seller delivered a gut c

. >> in january 2023, just after indian billionaire gautam adani toppled jeff bezos to become the world'sest person, a new york based short seller delivered a gut punch.

. ♪ >> in january 2023, just after indian billionaire gautam adani toppled jeff bezos to become the world'sperson, a

. >> in january 2023, just after indian billionaire gautam adani toppled jeff bezos to become the world's richest person, a new york based short seller delivered a gut punch. hindenburg research accused the adani group of pulling off what it called the largest con in corporate history. despit

fourth richest person in the world behind former oracle ceo larry ellison and former amazon ceo jeff bezos, and tesla and spacex founder elon musk. zuckerberg has been a billionaire since 2008. much of his fortune comes from his meta platform holdings, according to reports. zuckerberg is projected to become a trillionaire by the year 2030. >> all right. the justice department filed an antitrust lawsuit against san francisco based visa. the complaint states that the company is running an illegal monopoly over the u.s. debit card market, with more than 60% of debit card transactions in the u.s. running on visa's debit network. the government says this allows the company to charge more than $7 billion in fees annually for processing transactions. visa said in a statement that the lawsuit is meritless and it will defend itself in court. the maker of popular weight loss drugs, ozempic and wegovy, face some tough questions today on capitol hill about the high cost of the medications. the ceo of the drug maker novo nordisk appeared before a senate committee. senators, led by bernie sanders of ver

i mean, what did he have to say about those we got an off the record. >> no comment from jeff bezos'spokesperson, so i don't think that was something that he wanted out there. whether or not it was true that they spoke on the phone? i thought it was interesting. donald trump brought that up to me when i asked him about fear and whether or not he had felt fear during the assassination attempt. he said, i didn't think the fear as if fear something that you choose to think of are not think of. and then he immediately pivoted to sort of peacocking and telling me about these impressive people who he alleges contacted him to tell him that he's going to support them, that they're going to support him. but it comes spoke to donald trump's reluctance or inability to really look in word and talk about what's going on in his interior life. well, you seem to try to kind of have introspective moment with him during this to talk about corey comperatore, the guy who was killed that day, the father who jumped on top of his daughter and his wife what was that moment like? >> it was interesting if it's

jeff bezos owns the washington post. mark penny off owns time. what mosque identified is that owning a media company is one thing, but owning a social media company is possibly even more powerful. particularly in the us where free speech is constitutionally protected under the 1st amendment. in a way, it is not in other countries like brazil, which was x is the 3rd largest market, where users must now use vpn to get on their accounts. since the courts have blocked ext over this information issue and must refusal to hire a representative today. for australia, which is working on a new com, backing misinformation law that could cost must billions in fines if he does not clean up the platform, which he only seems to do when it suits his politics. and ex was recently cited by the european union under its new social media law and threatened with a fine again over this information. none of those legal measures are without controversy. allegations of government overreach concerns over the precedent sect. but on like the u. s. those governments are takin

space travel industry, because in recent years, it had such a huge boost by big players such as jeff bezosre entrepreneurs. very much s0- _ billionaire entrepreneurs. very much so. now, _ billionaire entrepreneurs. very much so. now, space - billionaire entrepreneurs. very much so. now, space is i billionaire entrepreneurs. very much so. now, space is not i much so. now, space is not solely a government business within the government space agency, but it is also a commercial venture. just like aviation was more than 100 years ago. so we have here people representing the commercial side, axiom, spacex, a lot of people here. there is a lot of people here. there is a a lot of conversation. find a lot of people here. there is a a lot of conversation. and so much has _ a a lot of conversation. and so much has happened _ a a lot of conversation. and so much has happened in - a a lot of conversation. and so much has happened in the i much has happened in the industry of space with so many countries now. china, india, several looking to really push and advance their discoveries in space. it is an e

perfect example of one is the house next to jeff bezos and the gentleman paid $27.5 million in 2018 andn david bernstein saw winston capital loaned him $32.5 million against the property. by the way, he received multiple offers after he purchased it for $27.5 for a lot more, but he said no, wait a second, i'm not going to sell it. this asset will continue to appreciate and i'd rather borrow against it. david and i had a chat and said it's happening time and time again with the wealthy individuals because -- and he's giving them loans in a very short amount of time and even sometimes paying 12% but rather pay more to be able to have that money liquid and invest in other things and not sell the asset. this is great news for the real estate market because if the wealthy believe that real estate will continue to appreciate, it's a good indication we're heading in the right direction. stuart: don't have to be all that wealthy f. you've got a nice solid portfolio of stocks that's quite valuable, go to your broker and borrow against that portfolio stocks and he or she will give you the money.

what can viewers do to get jeff bezos a message on his yacht? >> well, tell him.ng is if there's enough of a ruckus created, these big tech actors will tend to acknowledge these errors that we know go in one direction to help the left but they'll acknowledge them and try to fix them right now. because they understand they are in the cross hairs when it comes to the american people and we saw this on advance in 2020 and we're not going to stand for it in 2024 so these tech oligarchs don't think it's appropriate. there's a recent pugh poll saying roughly 8 in 10 americans think the big tech social media companies are getting too political and too much influence and make your voice heard american people and hopefully, hopefully the market will respond because we've gotten zuckerberg's attention now. trey: twitter is not a government entity. can elon musk do what's done in the past but reverse, which is suppress negative stories on donald trump and advance negative ones on harris? legally can he do it? >> section 230 and in 1996, they had a statute protecting third pa

if you give jeff bezos of amazon or anyone of these corporate guys were making trillion or billions and in some cases 5%, 10% of taxes, there is nothing fund -- something fun and be wrong with that. that's get honest as americans and start telling the truth and stop playing games. host: washington, d.c., this is adam, line for republicans. you are on the nelson. caller: i'm just curious on your perspective. i think objectively, the message that they pushed, the left purports to the party immunity, but yet when i listen in on fox news listen in on speeches, i see a lot of identity politics that come into play. why do surviving, black to survive. cat baby survived, for example. why is that? guest:-- guest: so, he calls it identity politics, but i call it coalitions. black women for harris, let's start with that, they were the catalysts for all the calls that followed in the coalition. we understood, and i was on that call, that kamala harris being the first female vice president, first female of color vice president, first woman of color, she was going to need support in a way that was di

senator mel martinez to the stepfather of amazon founder jeff bezos.t there are many of us who have made contributions. >> i think there's lots of other people who were traumatized some of them in ways that they never recovered from its a part of the story that rarely gets talked about. but professor torres thinks that perhaps his lead to some understanding about immigration. >> and the role still plays on so many lives today separating children from their parents is never a good thing. >> the children are in danger, the parents are too. so immigration policies i think should really take into account the family as a unit and not necessarily separate children from their parents. a lesson that remains long after operation peter pan. >> in chicago, i'm lourdes duarte. all right. well, you can scan the qr code on your screen to get directed to the hispanic heritage section of our website. be sure to tune into. >> are his hispanic heritage month special hosted by kron four's terisa stasio in a layer right here on kron 4 on october. 15th at 06:30pm. >> for g

michael: plus, lawrence sanchez, flying into times square, talking about her new book and life with jeff bezosuly 1st, my life changed. >> michael: she's saying ... >> guest: good morning america. >> announcer: live in times square, this is gma. >> robin: and we say, good morning america how-- to you. matthew mcconaughey, here to help schools country -- across the country, with educators and parents talking about how to make schools safe places to learn, that's coming up in the next half an >> michael: looking forward to that, and ahead, apple announced i-phone 16, and more new updates. becky whorly gives us the low-down, how apple is adding a.i.. >> george: that's coming up, the top stories breaking at 8. the , these candidates are meeting for the first time at the national constitution center. >> rachel: good morning, george, it's not only the first presidential debate between vice president harris and donald trump, this is the first time these two can -- candidates come face to face, this is a race locked in a dead heat. the first and likely only debate between vice president harris and for

he now sits behind tesla's ceo elon musk who number one and jeff bezos, who's number two, in this country's fortune coming from his meta platformses. that is your billionaire update, concluding my headlines. [laughter] maria: take a look at futures this morning indicating a mixed opening. the dow industrials right now down 10, the nasdaq down 16, and the s&p 500 flat, down just is point. federal reserve government michelle bowman spoke yesterday to the kentucky bankers' association national convention saying, quote, core inflation remains uncomfortably above our 2 percent target. i will remain cautious in the stance to to adjusting policy going forward. we've got jay powell speaking tomorrow, that could make news p. ahead of it right now joining me is piper sandler's senior economist jake u, bina -- ubina. you say the only way we'll see significant leaf is likely through a version telephone relief. >> yeah. interestingly, if you look at the surprise cut from the fed recently, 50 basis points, the expectations was 25 the although the market had a priced in 50, the terminal rate, the endpoi

the united states what, they care about their defining would not have anything to do with how big jeff bezos bank account is. but there's no denying that that inequality is a major issue, especially this election year politic. oceans keep telling us that the rich are getting the poor are getting poorer. middle class wages are stagnating. president biden can planes that the rich don't pay their fair of taxes and two thirds of americans agree with them. it's for granted among journalist and academics that income inequality is worse in america than in europe and that the class disparities here have been widening for decades. but none of that is true, as we're going to hear tonight from the winners of the 2024 hayek prize. their book, the of american inequality how government bias policy debate, demolishes the conventional about income inequality. middle class wages, the poverty rate and the tax burden on high income americans. the authors rigorously show, and they do it very clearly, that government officials, journalists and scholars have gone wrong for decades about this, and they show this n

since she isec a computer of the thing cancel your prime membership, what can viewers do to get jeff bezoss yacht? >> well, tell him. the important thing is if there is enough of a ruckus created the, these big tech actors will tend to acknowledge these errors that we know go one direction ty help the left but they will acknowledge them and tryto f tox them right now because theyro ssunderstand they are in thehe a crosshairs when it comes to the american people.n we saw this in 2020 we will not stand for in 2024. so keep making sure that these tech all occur understand that they don't and that we don't think this is appropriate. you have a recent pew poll april 2024 that said roughly eight in ten americans think big l techme social media companiese getting way too political and they have too much influence.e n make your voice heard, americann people, and hopefully, hopefully the market will respond. we have mark zuckerberg attention l peerage. >> trey: there's a difference what you can do and should do and x formally twitter is not a government entity.on m can elon musk do what was done in

. >> reporter: and amazon founder jeff bezos' blue origin, who flew "star trek" actor william shatnerno description can equal this. >> reporter: the rise has helped kick start a new era of space exploration. >> nasa has been trying to stimulate a private space industry. showing how to operate and do things safely and now we're seeing some of the benefits of that. >> reporter: for companies like spacex, their goals are moon bases and eventually human settlement on mars. >> thanks for flying spacex. >> reporter: as humanity pushes out into new frontiers far beyond our planet. >> and priscilla joins me now live. good morning. a successful "polaris dawn" miss, it's a big step in civilian space travel. where does it go from here? >> reporter: yeah, willie, good morning. "polaris dawn" is the first of three human space flights as part of this program. mission two will focus on in-space communication and research and mission three hopes to send humans up onboard spacex's starship, the spacecraft that they're hoping will one day carry humans to mars. and isaacman, the billionaire businessman

one of the things i think about this is that you have jeff bezos who owns amazon which owns alexa, heo owns the washington post. the washington post is not doing so well these days so i think he's inserting his bias into other products that he's felt. the concerning part too is that this is in millions of homes across the country and the bias is not even hidden, they are just saying we won't talk about donald trump, but always glowing reports of kamala harris. she's very busy and can't take questions but let's tell you how wonderful she is. >> trace: if they weren't caught red handed, this would still be going on tonight. kamala harris, or x post says, our veterans, military families and veterans should be honored, never disparaged, and treated with nothing less than our highest respect and gratitude, it's my belief that someone who cannot meet this simple sacred duty, talking about trump, should never again stand behind the seal of the president of the united states of america. but here's what the gold star families had to say about kamala harris and her comments. >> kamala, your sta

look, it may not be literally jeff bezos on his super yacht somewhere in the mediterranean typing inle who are there in these companies, this is the reason this happens, they are far to the left, not even mainstream democrats. silicon valley, these tech companies, the people there who are coding the algorithms that produce this kind of bias, they are all on the far left and until that changes, we are going to keep seeing this and that's why as gloria says, we have to call it out. >> trace: of content to sneak this in. the free press says, what are the chances that the president kamala harris would forbear and avoid arm-twisting social media companies into censorship based on harris' record? not great. fifteen seconds for each. >> we listen to her talk about her lamenting free speech and talking about the need for it to be curved. if she saying that now, imagine if she becomes president what it will look like. you, me, steve, you out there, we won't have a voice. >> trace: we've never seen censorship like this that i can remember. >> and they are not even embarrassed about it. they've

so did jeff bezos. he got he came close.on got the first man in space. they did. was it yuri, yuri gagarin ? yuri gagarin? >> yeah. and the first dog, laika. >> exactly. but the first man on the moon. america. yes, exactly. so america won the space race, and america ultimately won the space race. space race. >> space race. >> and the soviet union sort of backed away from it . but of backed away from it. but of course, once america won the space race, the last time man went to the moon was 1972, december 1972. i mean, that was 52 years ago, and we haven't been back since. >> why not? >> why not? >> well, i mean , at one point, >> well, i mean, at one point, at one point, it can only have got cheap. at one point, the american public was spending, i think, 5 or 6% of gdp on nasa is now it's now around 1% of gdp. a lot of money, in 1972, what did you have? you had the vietnam war? yeah yeah. you had the oil crisis. you had all of the. yeah, the gulf crisis that later you had the iranian revolution. basically what you had was peo

>> i don't think jeff bezos just getting over top.on 't thii don't think he's i don' think bezos is filling out his cardthin, his hourly worksh. >> but, you know, you have guys like elon musk, the wealthiest man in the world, because of his own innovatio in and ris, and he's gotten tremendous reward. elon musk seesded. what donald n trump has done over the last nine years in standing fore year the forgotten men and women. it is the working class. it is the middle class. e and it's the poor that actually had their wages increased theirr president trump and his pro-growth agenda. president trump was the firstea president you hear from the left all the time about income inequality. donald trump was the first president to actually narrow the income inequality gap because while everybody's wages were improving and as presidency, the ones at the bottom, the lower income were >>sing ae at a faster rate than those at the top. >> there you go. thank you, monica crowley. >> monica memo as she's known around here. you bet. thanks, jeff. a letter, the haitian invasionr. in springfield, ohio. a prime ti

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on that list amazon co founder jeff bezos, well ahead of facebook co-founder mark zuckerberg and of course, tesla is not must only asked that it is his biggest but he has this sprawling business empire, right? i mean he owned almost half of spacex. that's the private aerospace company that just yesterday made history with the first ever commercial spacewalk. >> he owns a big chunk of the boring company, neuralink x ai, the artificial intelligence startup, then also maybe his most controversial business x, that's the social media company formerly known as twitter. >> x has obviously come under fire over how it's moderated content it's also lost a lot of values since musk has taken over, but clearly it hasn't taken a big head out of musk fortune, just one other point here, john, just the fact that we're talking about potentially the first trillionaire does raise a lot of questions about how much power and frankly, how much wealth one person can accumulate. >> one person, like elon musk, especially matt egan. thank you so much a new brand new magical hour of cnn news central starts right now

there's £8 billion of jeff bezos money.th you, i have really big misgivings about amazon, as part of a broader phenomenon which is effectively us technology companies taking over this country. now, this is amazon. of course, we think about amazon as a place you buy goods from online, but actually one of their largest businesses is aws, which is web services for websites. so gb news or ann widdecombe or even actually large parts of the government's own websites, gov.uk are based on aws. why does amazon do this ? on aws. why does amazon do this? it makes lots of money, and what it means is that every month, millions of pounds float over the atlantic from here to california in particular. or actually, in the case of amazon, another state, i can't remember where to the united states. and it's not just amazon . that's the it's not just amazon. that's the case with every time you make a transaction with visa or mastercard, a tiny percentage of that transaction floats across the atlantic. apple pay, every time you are using a meta

. >> of amazon now he replaced jeff bezos and he's been there for since he's been 19-years-old himself you know, i think for amazon it may be a good idea. >> seattle. it's easier to find work there and amazon's and attractive place to work if you're in a more competitive area and say silicon valley, it might be harder to keep workers there if you don't offer them that that said a lot of these tech companies are shedding workers. and so there's plenty of workers to be had. so i suspect andy knows this and knows that if you want to stay at amazon, this is what you do and amazon's always been that company. this is our culture, this is the way it is and i do think there'll be more, especially these analog these companies that work in the analog and the digital, they're going to have much more in-person. i suspect he's right about that and those on isn't alone outside of tech. >> a number of companies have scaled back on remote work, including disney, bank of america an at&t, jim, is that where we're headed less remote work, more in the office? maybe not completely one of the other, but tha

all of these tech billionaires from larry page, sam altman, jeff bezos, their spending hundreds of millions of dollars on this research trying to extend life and with the sciences suggesting, is that this research may not necessarily allow us to live to 500, but it may allow us to live healthier brynn are older age okay. >> all right. i can buy that nationally i would like chartreuse, the color to extend into fall and perhaps winter in fashion. >> and i think that people are trying to retire it because of the whole brat summer thing, chartreuse was a delightful color before there was a brat summer. so let's keep it going to fall. >> you are the queen of colors. i will take it from, you key it's new york fashion week, so i want to thank and give a shout out to james jeder, who was the first creative, first black creative director of polo, ralph lauren. >> and he, when he created the spelman morehouse collection, and i'm a former their model myself, for ralph lauren, so yeah, so i'm happy to see that a black man is getting his due. >> yeah. yeah. that's that is a good a really good one. they

meantime, oracle chairman larry ellison has claimed the title of the world's richest person after jeff bezos $206 billion thanks to the rise of the oracle share price. he trails elon musk who is worth $251 billion. all this according to "forbes." >> you heard the dinner he and elon musk had with jensen huang? >> that would be funny. either one of them have crocodile arms when the check comes? >> larry said he picked up the check. >> he did? >> yeah. >> so funny. i have no concept. >> i don't think you pay. i think you walk out and they bill you. >> right. i have no concept. you cannot -- it's like "brewster's millions." you can't make a dent in it no matter what you do. if you had to make a dent in it, it would be like a chore. >> how do you give away that much? >> how do you do anything with it? you just have it. i guarantee you, when i lies on his back and has sleep apnea, it's like damn, i have $200 billion and i have sleep apnea. i don't know. he has something. you're 80. >>> starbucks ceo briban niccol is make aing a move with the ch brand o brand. the current north american ceo michael

you've got nasdaq, including jeff bezos and starbucks, ebail. >> jamie dimon. >> jamie dimon. >> starbuckse come a long way. what is new, what is difference? >> gosh, yeah, what is new, every day, excitement happens in this building. i've been doing it now for 23 years, a lot of that time, as we watched nasdaq grow, with the companies growing with us, we do 500 bells a year, 200 events here. you host your shows, "fast money" does, the activity level is awesome. we get to mention the new names, and new companies going public, and what they can do to change the world. it's a fascinating place to work and be every day. >> there were some highs with the early bell ringings but that was before the collapse, 2001 bubble bursting. been through a lot since that time. the ipo market has been pretty dry. >> yes. >> below the average. but we're seeing signs that things are picking up and the fed cutting rates. what does that mean? >> yes, becky. very active years in 2020, and 2021. and '22, '23, pretty big slowdown. now, we're doubling last year off a pretty low base. 110 ipos on nasdaq. we've seen t

somebody like jeff bezos is a big-name ceo but i did not find that many interactions with presidents.ut them all on index cards, my daughter helped, i had the name of the ceo, the industry, the era, and how many presidents they interacted with. i moved them around until i found a workable model so i could tell the story. host: how old is your daughter? guest: she is 19 and now a freshman in college but she was probably 17 when she helped me. host: you talk about it a little bit. but when people read your book, what do you want them to take away from it? guest: in all of my books, i try to get people to look at the question of how the presidency influences america. i want them to get a sense of how it developed but also to have fun. that is why i have all sorts of jokes ceo's have told to presidents or have been told about ceo's. i also want to have a bunch of aha moments of things people never thought of. john d rockefeller created standard oil but you may not realize he called it standard oil because oil at the time was unreliable and unsafe rate he was saying my oil is of a certain

jeff bezos wouldn't have to do that.e policy is demagoguing to go after these people that they say pay less of a tax rate than their maid does and have billions of dollars. >> i get why. but this is not the right way to do it and also 95% of investments in start-ups fail. you're going to disincentivize investments in those start-ups. what i think we can go after. you folks, okay, they start to have capital appreciation, and then, instead of realizing that, they take out a loan, which i call back-door realization, to fund their entire lifestyle. they never pay tax on that. when they die, they pass that money on to their heirs and their kids never pay tax on that. >> let me ask. two questions. first of all, to make this work in practice, you have to have the step-up in basis. >> yes. >> at death. otherwise, the entire effort doesn't really work, because you need to change the incentive structure for why people would want to take these loans to begin with. >> totally agree. >> there's a second piece to this, and i was on th

somebody like jeff bezos is a big-name ceo but i did not find that many interactions with presidents. them all on index cards, my daughter helped, i had the name of the ceo, the industry, the era, and how many presidents they interacted with. i moved them around until i found a workable model so i could tell the story. host: how old is your daughter? guest: she is 19 and now a freshman in college but she was probably 17 when she helped me. host: you talk about it a little bit. but when people read your book, what do you want them to take away from it? guest: in all of my books, i try to get people to look at the question of how the presidency influences america. i want them to get a sense of how it developed but also to have fun. that is why i have all sorts of jokes ceo's have told to presidents or have been told about ceo's. i also want to have a bunch of aha moments of things people never thought of. john d rockefeller created standard oil but you may not realize he called it standard oil because oil at the time was unreliable and unsafe rate he was saying my oil is of a certain st