wall street analyst henry kaufman explains how a bank earns money. tended to earn money the same way as they do today, in a general way, by making loans and investments. there was, in those days, in hindsight, a somewhat greater risk-taking than has tended to occur within the last 40 years or so in the united states or in banking in modern times. it was and had a stronger entrepreneurial drive in those days. and at the same time, there was inadequate governmental supervision. charles barney, the knickerbocker's president, was one of those entrepreneurs ambitious for his bank's success. apparently, for charles barney, the chance came to make a lot of mon, if he was willing to risk the bank's money. barney knew a speculator named charles morse. morse and a partner, frederick hines, schemed to manipulate copper's price on wall street. copper was a hot item many peoplspeculated on. schthere is debate,te copper'shistoricly,all street. over the extent of bary's involvement, but many believe he made the behind-the-scenes arrangements as the morse-hines comb

cheryl: marc kaufman, kaufman furs.bringing coats. >> thank you for having me. >> never know what happens in pop culture. adam: better get the coat back from her. >> it is warm and it is cold. cheryl: i will give ii back, i promise. hold on a 2nd. adam: quarter past. we'll check markets and nicole petallides on floor of new york stock exchange. >> i'm a little chilly. i think i need a fur coat. just kidding. elizabeth arden and estee lauder, two names we're watching. elizabeth arden, profit dropped. weaker sales. let's see what elizabeth arden is doing. 11 1/2% drop for elizabeth arden at 23.70. good ol' estee lauder is down 5.4% and this is real global story here for elizabeth arden. they're seeing sales slowing abroad namely in china and also in europe. they're seeing it and giving estimates below the analysts expect takes. so that is not good news. i left out south korea, another area where they're seeing slowing. so the forecast here for estee lauder is also weak. two names we're seeing very welcoming under pressure

situation we're going to devote in this a little further hey we're going to go to right now speak to has kaufman he's a swiss politician hands hello to you can you please tell me why do you think that switzerland right now is risking the health of their exports being sixty percent as i mentioned make their way to the. i'm not very afraid of sanctions in international trade one should think about the importance of switzerland for the e.u. we are a very huge net importer of aspire switzerland is concerned from where i say they're nothing positive can come out of this new version in terms of the economics. i'm not very afraid their first of all we really have three years to implement. so the down are usually right here and our. do not see the consequences to not stop immigration read just want to control immigration ourselves that's world. is a is are not picking and choosing between parts of the e.u. switzerland want to be involved with for example trade and parts they don't want to be involved with in other words the free movement of people. well today's trade goes back to i think ninety seventy

your most radical reason article mojave and post was about how we can prevent overdose deaths like kaufman's how do we do this. you know the death of philip seymour hoffman is just a failure and a tragedy on so many levels and you know you talked a minute before about stigma and then criminalization of substance abuse and addiction and all of those things are major factors but i mean really it's as simple as just a couple of things that if we did them it would make an enormous difference number one i mean top of the list is we have got to start having more fount base science based conversations about drug use and drug safety period it is not enough anymore to just simply tell young people just say no and drugs can really hurt people oh dionne molly at music festivals that is totally inadequate we have got to do more and we've got to start telling people if you do drugs we don't have to like it but we have to keep you safe we have to keep you alive and here's how to not die if you use drugs well and that implies a certain acceptance i mean there's a fairly good body of science that indicates

my name is mila kaufman -- >> good morning, everyone. my name is mila kaufman. if it was not for the foundation helping me get some consulting report, -- support, i would not be part of this success story. i was the first employee hired and i had one more employee working with me the first month. the foundation stepped in to help, so thank you so much to the foundation and thank you for having me here today. day.er 1 was a great bloomberg news that day was reporting that we were one of four jurisdictions that was open on time and stayed open and consumers were able to do pretty much everything from start to finish, shop for health plan planns, make a health selection, and actually hit the "invoice me" button. it was a great day, and it is still a great day every day for d.c.no place -- healthlink.com. issue withill some functionality -- we have full functionality for businesses as well as individuals. proud that we were the market -- marketplace selected by opm and officials in congress as well as congressional staff to have their job-based coverage and in decem

about andy kaufman still being alive. >> we have to book the ghosts of andy kaufman. >> you don't have >> there you go. >> the best tease. >> joy, best of luck. >> thank you. >> you are fantastic, so everybody tune in. we love joy reid. >>> terry branstad is standing by. we will have more "morning joe" after this. ♪ ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. >>> well, it's all right ♪ >> here with us now from capitol hill in washington, republican governor from iowa, governor terry branstad. i understand you're going to be meeting the president later this morning as part of your meetings here in washington. >> that's right. >> what are you going to talk to him about in terms of the affordable care act and the effect it's ofg ioey having on democrats around the count

make sure they phil kaufman above others. other technical as the only other throwing the rock. make sure that they've got some confidence in terms of the abilities that are required to make those shots. and then from there. we'll probably meet tomorrow afternoon noon tomorrow night and really can a switch gears and china tyranny for the all important him. well when they lose out in the bronze medal game of sorts at his best ever performance at an olympics in men's curling for sale rack it was the easy answer. to all the information from the games and i'm joined by a respondent to take any as incentive she peeked out of that. but indeed it was a day of the hop break on the eyes not only for china but also food crops as those nations failed to boss the man standing in the ends of the so what exactly went wrong. it was both teams. a very much gone awol there the curling her in china was in the vacuum or four in the seventh and in china was in very good position within the canadian team to turn things around the river was forced to read him the seven dead and had controlled china a

whether pa re talking aboutre tal guy in charlie kaufman's "sy nechdoche" or the chdoal predator in toddedlondz's "happiness." be colycoas to this person, to gois pdeep as you could possibly co hat honesty will bring the view.ces your int ofint not necessarily sympathize and believe what you are doing. .ere is enormous credibility in ithe way -- d what did he do in "the >>st it is an amazing movie. it is one ie i will need to wath many more times. it is extremely complicated ando layered. lancaster. is a showman. laying this, hoffman is confident salesman and faith healer and and huckster, er else.what that perfectly, with cel of e exuberance this guy wod have but he also let you see the loneliness and the pain and the confusion. the spiritual hunger and the theneed to be love to that dris this guy. he does it, i can't say, i could not and analyze what the craft is that gets in there. he is, sometimes it is the color ofis face. ace.the way he he he would flusd laugh or burst into song. amazing, and somewhat unusual, very exuberant and robust andambunctious and showing performance. man, the

. >> dan kaufman. >> the time they spent here made this show the rich and powerful show it has becomeks, you're the oxygen that makes democracy now! continuing. speaking of oxygen, we have some candles to blowout. happy birthday, everyone. thank you for making this day possible. democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your comments to outreach@democracynow.org or mail them to democracy now! p.o. box 693 new york, new york 10013. [captioning made possible by democracy now!] you introduce the man and the woman. and then you complicate it for the next 60, 70 minutes. you know they're going to get together, but it's fun to watch how they keep missing. we all go through cycles of believing in love and not believing in love. but i think we want to believe in love. characters change, their attitudes change, their politics change but their heart stays the same. annenberg media

the decision he is going to make unless ted kaufman and his sons and wife -- >> jill is supporting him. >> howard, to you. >> to me the key question is what is he going say? if he gets in that race with hillary clinton here are two people who are both in the obama administration. one is vice president, the other is secretary of state. what are the issues that he is going to raise aside from personality and experience? what type of candidate -- >> you know what he'll do. secretary clinton will probably edge a little bit to the right on foreign policy from where obama is. >> right. >> a little more middle eastern get involve kind of thing. we know that. she voted for the iraq war. he'll sneak in right behind her and say i'm on the left. that's one move he makes. >> that's true. and on foreign policy -- >> now backs the president a thousand%. >> the former defense secretary bob gates scorches biden in the book partly because biden was not about to cede control of foreign policy to bob gates. >> gates is a good guy, but he is republican. >> exactly. >> and biden's policy has been validated

mili kaufman also has joined us. she's the executive corredirect the d.c. health benefit exchange authority. and served as the superintendant of insurance of the state of maine from 2008 to 2011. she also has served in key leadership positions at the national association of insurance commissioners and was formerly an associate research professor and project director at the georgetown university health policy institute. and joining us on the line by phone from california we're happy to have peter lee who's the executive director of covered california, a sacramento-based insurance exchange and these states insurance exchange for small businesses. he formerly served as the deputy director of the center for medicare and medicaid innovation at cms where he helped shape initiatives to implement higher quality care at lower costs. he also served as the director of delivery system reform at the federal health and human services offices of health reform and before that was the ceo of the pacific business group on health and executive director of the center for healt

. >> aviad kaufman of realview. be able to have in a 3-d image so you could see them. time -- next time. >> i am glad about that. there are things i could live without seeing. the inside of elliott gotkine is right up there. thank you very much. amazing technology. still to come, the $19 billion question, is whatsapp worth that price type? we will break down what mark zuckerberg seas and the start of. first, let's talk about the pulse number. dudes,rumping young oldest winner of a brit award. the music of the briti -- the business of the music injury. 2.17 million tweets during the event. the event asked people to tweet votes for a category, that is more than any other uni.k. television show has generated on twitter. see you in a couple minutes. ♪ >> welcome back, you are watching "the pulse," live from london. i am guy johnson. francine lacqua is off today. top headlines -- one policeman has been killed and 29 wounded to the according ukrainian ministry. parliament is accurate after victor yanukovych declared a tem

. >> : kaufman had been struggling. three children. >> : insider starts after the news. >> : an elderly ill man was found bound and gagged possibly link to home invasion with new images from the scene a link to home invasion with new images from the scene a complete update a good that comes in 25 flavors. from whole natural to wasabi and soy sauce. and once good gets going, there's no stopping it. get your good going. blue diamond. snack nut of the u.s. ski team. these are the hands a pediatrician. these are pioneering advances in heart surgery. and these are developing groundbreaking treatments for cancer. they're the hands of the nation's top doctors. kaiser permanente doctors. and though they are all different, they work together on a single mission: saving lives. discover how we are advancing medicine at kp.org join us, and thrive. safeway presents real big deals of the week. or how to get great deals the easy way. you do enough flying around. that's why we give you real big club card deals. right now, our largest j

in 2010 another study by the kaufman foundation found that start-ups and young firms are responsible for most of the job growth in our economy, creating 3 million jobs per year, on average. so when you add all of this up, it's really about common sense, and i don't say that in a theoretical way. we know these provisions work. we are certain of that. there's no dispute that each these policies are directly responsible for substantial job growth. so that's the first thing we know. the second thing we know is they are supported across the board by both parties. every member of the senate, even the newest members, at some time or another has either voted for one of these provisions or supported them. so it makes sense in terms of the dynamic of how to get bipartisan legislation done here. so we should put ourselves as best we can so-called standing in the shoes of others. we should try and stand in the shoes of small business owners. try to understand what they're up against. try to understand some of the pressures they face. one of the most difficult problems they face is something as s

hour by the way we're joined by mark kaufman, the owner of a furrier, that outfitted broadway joe.cold. his business by the way booming after joe namath wore the fox and coyote coat and was way overheated because it was not as cold. tracy: good for them. ashley: was he a character, "mattress mack"? tracy: he could sell ice to an eskimo. ashley: coming up in the next half hour of "markets now," banks go to pot. why the banking industry is hoping for a legal ruling to roll up marijuana profits. >> indiana in the black, we have fox news exclusive with governor mike pence whose state has a budget surplus if you can believe that. what can you teach washington? the dow is up 69 points. don't go anywhere. ♪ see what's new at projectluna.com this stock is up 0.3, $0.76 at 3737, yesterday saw the huge pot of positive breast cancer trials and the growth from that drug has pushed jefferies to upgrade the drugmaker to buy from hold raising its price target $5 as a result, pfizer continues to gain ground. good couple days. nicole petallides on the stock exchange looking at another winner, micha

the other study of the 64, 65 transition is a kaufman study and it seems they are a source of some ofthe most interesting as a foundation that really supports entrepreneurship in america. they have a lot of interesting work that we could all learn from. >> to what degree does the aca gives certain tax credits for businesses 25 employees and under play into this? >> i think i will turn over to some of my panel. i'm less familiar with the small business tax credit. >> that is a tax question that would apply to any age. tell us more about the economic benefits of senior interviewer entrepreneurs. >> individuals staying in the workforce longer, which as i mentioned, this is a well-established fact of the self-employed if they indicate they are going to retire later and they do, that of course is a tremendous benefit to the society. people do work longer and do things they enjoy. we have benefits from the tax revenue and from the continued contributions to the social programs. we have some labor shortages in some areas. in the standards of living in retirement and particularly for people w

john kaufman is playing for the u.s. team in sochi. the captain is playing for his home team in russia. nicklas backstrom will play for sweden. new developments are expected after a man died in front of a d.c. fire station. >> what is ahead for the family of cecil mills. and when courtney is sick and e cold in her own home... it just breaks her mother's heart. courtney is winning her fight with leukemia, but her mother had to quit working, and the heating bills just keep piling up. my little pal, dylan, continues his fight against cancer, while his dad works two jobs to keep food in the fridge and oil in the tank. lyndsay's mother still struggles to keep the heat on, ...even though lindsay, thank goodness, is in remission. citgo petroleum, the people of venezuela and president maduro are once again the only oil company, and the only country, to answer our call to provide heating assistance to the poor. they make it possible for non-profit citizens energy to deliver millions of gallons of heating oil to families in need. i'm joe kennedy