whatever its influence, lagarde says it, i began my discussion by asking christine lagarde to explain what's at stake if congress doesn't do that. >> well, first of all the imf are brings together 188 members. they are all represented around a table of 24 chairs. so some chairs have one member. like the united states for instance. like china for instance. and a few others. and other chairs are more bulky with about you know 20, 30 constituencies. but they are all at the table. the imf is an institution like very few other institutions around the world, that is based on a weighted vote. so the bigger the economy, and we can discuss forever about how you measure the economy but to put it simply, the bigger the economy, the bigger the voice. but the founding fathers again in their wisdom knew that that would evolve over time. so there is a mechanism that actually decides that on a regular basis we have to reassess. there is also a mechanism that provides that on a regular basis we have to reassess the resources that the imf has available. back in 2010 just in the midst of the crisis, the

it is delicate, as christine lagarde told me yesterday.estic politics to the ukraine debate? republicant as versus democrat as you think. i have not heard that much criticism of the president's handling of it so far. the idea of giving more than nonlethal aid to the ukrainians -- that is going to start to simmer a little bit more. john mccain is going to be baltics with other members of the senate. that is an issue they will watch as well. >> peter cook, outstanding, thank you so much, our chief washington correspondent. here is the forex report for the day, the euro 1.3892. stay tuned. julianna goldman and adam posen next. ♪ >> the obama administration tries to move on from the disaster. the stock market around the world the sens. at this moment, jb morgan is announcing first-quarter numbers. on our world headquarters is adam johnson and scarlet fu. scarlet fu is with the jpmorgan earnings. dividend increase is a sign of optimism. jamie -- we knew jamie dimon would be excited. is reporting revenue of $23 billion, down eight percent from a

lagarde hope to accomplish? to get the key countries talking to each other and resolve differences in their policies. in risingmany issues tensions about currency around the world. she is trying to get the country to the right things in terms of their policies. to learn fromying crises past. the feeling is that things are better. what does the imf onto change? when you talk to the pros, what is the number one item to change? >> whether governments will use the breathing room they have to do the right thing in terms of the structural reforms and the deeper reforms that they need. many of these economies seem to have repaired themselves to some extent. they are no longer shrinking. they used the space to get financial markets working better. that is the real challenge. ma'am a in my interview this supportive are these leaders by their institutions? >> they have a fair amount of support. -- are they going to listen to what these leaders have to say? >> there is this idea of who is running the show. america seems to

this is what you want from chÂteau lagarde.ngthens. >> 2.8% for the u.s., and it has to be a continuation of steady, gradual communication articulated with what i call normalization of monetary policy. on there has to be a focus the right investments. whether they are publicly funded or privately funded. this competence this country infrastructure investment. >> i want to congratulate you on your london speech. you quote an english economist, tonlet crawley of "dow abbey," who did not know at the television -- if the telephone was a device of torture. how does a stodgy institute -- institution like the imf deal with the cacophony of the new world? work on those levels, we have to be informed almost instantly thanks to excellent channels of information, like yours, and also, we need to be mindful of the long-term trend. what are the other trends on the horizon, how are we dealing with environmental issues and how are we dealing with women joining the workforce? things that are not just related things of today, but what will matt

's christine lagarde has a rosy outlook for the global economy. have we turned the corner on a recession? the most important meal of the day is getting pricier. all that bacon. the 1990's tv stars, like after the sitcom. we kick it off with what everybody is talking about, stephen cole berta taking over "the late show" when letterman retires. >> this is a five-year deal between colber and cbs. no specifics on when he takes over for letterman. letterman's final shows will be in 2015. 2005, "thes debut in rt" has been a huge success for comedy central. he will show that to be himself. letterman is very excited about this replacement. s,cording to les moonve letterman told him "i cannot think anybody else." seems like everyone is showing colbert love. >> stephen colbert is up for the challenge. there is no greater joy than seeing a genuinely good man who works as hard as he can, every day, and deserves all the success in the world. for stephen we are thrilled. >> another person likely to assume a new role, sylvia burwell. president obama nominated he

. >> charlie: christine lagarde, managing director of the imf and the new movie called "the railway man," next. >> there's a saying around here: you stand behind what you say. around here, we don't make excuses, we make commitments. and when you can't live up to them, you own up and make it

imf managing director kristchri lagarde joins me. great to have you on the program. >> lovely to see you. >> what are you hoping to accomplish from the imf meetings next week? >> we are hoping to complete a few things. the first one we want is to have all the players, finance ministers and governors of central banks, talk to each other. we believe there can be better growth going forward. we believe there should be more jobs being created. and we think that policymakers have a responsibility to encourage that, to create the circumstances, to create the conditions in which investors, entrepreneurs, are actually able to thrive and to proser and to invest. >> you mentioned earlier this week that the u.s. -- the global economic recovery is too slow for comfort. >> yes. >> we did get the jobs numbers out on friday. once again it underlined this bumping along the bottom. they were below expectations. they looked like good numbers but everyone feels we should be a little stronger at this point in the cycle. what is holding us back? >> on th

applause] i wantick follow-up then to conclude with plaid dam lagarde. madam lagarde.our time as ecretary of state what do you see has your biggest ccomplishment and would you like another crack at it one day. > i see my role as secretary and leadership in general in a race.acy as a relay you run the best race you can run, you land off the baton, of what has not been finished may go on to be finished. when president obama asked me to secretary of state and i agreed, we had the worst crisis since the great depression, we had two wars. threats from ing all kinds of corners around the that we had to deal with. so, it was a perilous time, frankly. he said to me is, look, i the to be dealing with economic crisis. i want you to go out and represent us around the world. was a good division of lebr needed to make it clear to the rest of the world we needed to get our house we were going to stimulate and grow and get back to positive growth and work with partners. and i am we did that. i'm very proud of the -- blization and the stabilization and solid leadership the administrat

mario draghi is getting advice from christine lagarde. we have called on the central bank to act and easy monetary policy. there are risk that our cutting the sluggish recovery. gearsneeds to change toward sustainable growth. let's move on. amazon is joining the battle for the living room with the launch of fire tv. it is a set top box that goes head-to-head with apple and rogue who -- roku. here with more is caroline hyde. take us through the basics. what is -- what does fight to be have to offer? >> it has that content. amazon has invested big to get the content. a lot.ld get they have exclusive content. if you get it on the tablet that they make, but it doesn't fit the screen. they're making the hardware. fired tv is the same price as apple tv. it is $99. you also get more than 100 games. it will not lure over the harder and game junkie -- hardened game junkie. but this is pretty savvy. it has more than 100 games with commands. with your voice and it would be easily selected. it is pretty powerful. you could play your movies and your c

director christine lagarde sits down with tom keene.does the madame director have such a soft spot for the u.s.? that is coming up in world. and speaking of, in north korea, a rally to mark the reelection of kim jong-un. he won a predetermined election where no other candidates ran. here is a look at their victory rally. ♪ >> gm has placed two engineers on the with their role connected to the recall involved in deaths. documents, he rejected a fix because it was too expensive and would take too long. he quietlymber two, greenlighted a switch improvement that others did not learn about for six years after columnists and customers complained last year a rate he denied under oath that he knew that part had been changed. have hadnd toyota negative press recently with all these auto recalls. toyota is trying to convince lawmakers that its cars at least are good for constituents. how is it doing it? it is taking members of congress in a test drive in their coolest new toy. motorcycle, golf cart, part futuristic pod mobile, this futuristic car

that's why she wanted to speak with lagarde at the summit.things that interests me is that hillary clinton has really never had the same kind of attention for what she's always done for women. in a way, this has always been her biggest passion. all the way through her political career we heard about so many other things. her conflicts, her marriage, the struggles of senator. what we have never heard about is the one driving thing that's been really her biggest passion throughout, which is how to empower women, how to bring women to the political process and the economic process which has been one of the great driving aspects of her whole career. >> you were always on the cutting edge. so you have pivoted to what is happening now. you have the ukrainian pop singer, so there's going to be a theme certainly that involves ukraine, krooi moo ya and vladimir putin. >> absolutely. one of the things we're doing is showcasing women on the front lines of struggle. she's become the icon of maiden square, singing to protesters, calming their nerves and r

managing director, christine lagarde. (applause) thank you very much. a pleasure to have you here. >> charlie: there are many, many world war ii stories, one of them belongs to eric lomax. he was a british soldier who was tortured by the japanese. he was forced to work on the thai bremer railway known as the death railway. a japanese interpreter made lomax's life miserable. more than 50 years later he returned to thailand to meet the man. he wrote "the railway man," a story of war, brutality and forgiveness, turned into a movie starring jeremy irvine and colin firth. hire's the trailer for the film. >> i have a small problem which i suspect is interesting. i've fallen in love. >> he's a wonderful man. i've seen it. but he's a mess. >> you couldn't possibly imagine what he's been through. >> i want to know what happened to eric. >> war leaves a mark. this is the b.b.c. forces have surrendered to the japanese. >> when we surrendered, we would die of shame. >> you're here to help us! the railway... you will have a good war. but we said, no. we'll live to f

there is a new warning from the imf managing director, christine lagarde.a's standoff with the u.s. and europe over ukraine poses a threat to the global economy. is for the program with ukraine to work. we hope that geopolitical tensions go away so that that country and its people can recover. boosted chiefse executive brady dougan's pay 26% last year. this as the bank missed targets on return on equity and cost to income ratios which are used to determine the majority of dougan 's bonus. it is decision day for mario draghi. for a preview of what the market impact could be, i am now joined marketcohead of global research at goldman sachs. welcome to the program. always great to have your thoughts. give me a sense of what you are expecting for the ecb. >> first of all, why should they ease today? i think the market is pretty mixed on this opportunity. of --st unsettling part the most unsettling development has been the fact that the expectations for future inflation have been falling. if you look at the five-year forward rate, that is down to 2% which is the

christine lagarde, managing director of international mon -- monetary fund. thank you for talking to us. >> great pleasure to see you. >> woodruff: you are moving urgently now to provided a to ukraine. this is at a time when the world has watched russia come in and take over crimea. help us understand why this is so important for the people of ukraine. what is it that they could not do without this help from the imf. >> the economy of ukraine was going in the wall and heading for disaster. it's an economy that needed reforms, that needed profound transformation of its fiscal policy, of its monetary policy and of its policies on energy to mention only the key ones. without the support that they were getting from this life line that russia had extended a few months ago, they were heading nowhere. so they have to do those reforms and they don't have access to the financial market at the moment. so they need the support of the international community and the support of the imf to design the reforms that they need to put in place and to have the financing availabl

lagarde says it hurts the international monetary fund, because they can act quickly to get the funds o nations here is what she said. >> where the international monetary fund demonstrates efficiency is in a situation like ukraine. we can mobilize teams of experts who under the issues, because they have gone through crisis over the last 10, 20, 30 years. and they immediately know how to address a situation like that of ukraine. we were on the ground immediately. we did the fact-finding in next to no time. we moved into negotiation phase right away and were able to put toot of a pack lig between 14 and 18 bullion. we are not talking $1 billion. the u.s. and others, it's significant amounts. >> right. >> why can we do that? because we have the expertise, the resources, and you need significant resources to impose upon the participants that, yes, we will be there. if something goes wrong elsewhere in the world, including in a big country, we can help. we need to be funded properly. and probably more importantly, we are welcome and accepted in various countries because we represent the en

and it's great to have you here, madame lagarde.lovely to be with you. >> i have to say, there is a more optimistic tone. we were talking about how last time we spoke here, it was in the middle of the u.s. government shutdown, on the brink of a possible default. 3.6 global growth. is this the most optimistic you've been since the financial crisis? >> there is quite a positive mood around, and it's true that the global economy is turning the corner of the great recession. but it's not yet all rosy, and it's still too slow, too weak, and still a bit uneven. i'm glad to say that the united states is doing a lot better. our forecast is 2.8% growth. and a bit more next year. >> but we're not in the 3% drop. not in this breakout growth rate in this country. why not? >> i think there is -- first of all, there has to be a normalization in many respects. normalization of the monetary process. good communication. this is happening as well. predictability in terms of financial regulations. the job is not yet completed. there's an element of tr

francis menefee, christine lagarde and america's remarkable, hillary rodham clinton. was very lucky tonight to have tom friedman from "the new york times." he is a man, but he sent next best thing, which is a sensitive man. so let's be very nice to him. tom, where are you? [cheers and applause] >> what was i thinking? [laughter] i've got my gross in my head. don't blow it, dad. i really want to begin, first of all, some remarkable testimony in different countries. but i want to pick up with why ruslana was saying about ukraine. you both have to negotiate with vladimir putin who does not strike me as the most people friendly guy, what did you learn from that experience? what should we know about him as a person and how are we doing in managing this crisis? madam secretary. >> tom, first it is great to see you and i am thrilled to be back here at this wonderful conference. i think tina and everybody who's put together and i'm especially pleased to be here with christine lagarde who has just shown such great leadership your ukraine beat one example, but there are so many

cnbc then gave christine lagarde the opportunity to respond. first up, here's draghi. >> the imf has been of recent, extremely generous in its suggestions on what we should do or not do. and we are really thankful for that. but the viewpoints of the governing council are, in a sense, different. frankly, i would like to -- the imf to be as generous as they have been toward us. also without monetary policy jurisdictions, like, for example, issuing statements just the day before an fomc would take place. >> it's beautiful. >> you weren't offended? >> i have a very thick skin. i'm more focused on his positive comments about what he will do, what the ecb will do in due course. i have full confidence in their good judgment, that they will do what is right. >> an extraordinary exchange. both of them were answering questions put to them by cnbc correspondents. chris is still with us. it's rather extraordinary. major central banker and the head of the imf, basically conversing in public interviews. >> a french lady, perhaps gets closer to the heart of t

. >> and christine lagarde?omberg television and radio. >> in the meantime we will be discussing what is on our agendas, including ipo pricing. we will be right back. ♪ >> good morning, everyone. "bloomberg surveillance." erik schatzker is with me this morning. >> hillary clinton says not to expect a decision on a possible house anytimeite soon. the former secretary of state and former first lady is putting off making a decision because she is -- actually enjoying life. she made her remarks at a san francisco event when asked about vladimir putin. she described him as a tough guy with a thin skin. airlines are feeling the squeeze . because of liens, the price of them have gone sty -- skyhigh. the price of limes, has gone sky high. alaska air has dropped limes from their drinks menu altogether. they are selling for $100 per box, up from $22. look at that, $22 in january? i could have made a fortune investing in lines. bad temperatures and drug cartels have created a shortage of the citrus fruit. the most-watched

christine lagarde says russia's soundoff with the u.s.raine poses a threat to a global economy. >> i hope for the program to ukraine to work, and i'm looking with my narrow lenses of economic and financial stability. it's a geopolitical tension go away, calm down, so that that country and its people can actually recover. >> let's look at how the markets are trading this morning. our markets editor is manus cranny. >> we've got a little bit of uncertainty. the big risk for you, if you're day trading in these markets or very near term, it actually does not act. that would stand a very, very clear signal to you as an investor that you're going to have to do wait and see services. it's lower in the united kingdom. the governor of the bank of england is in one of the newspapers saying you might get a rate hike before the general election, so that's putting pressure on. in the u.s., we had the report yesterday, the private report on payrolls beating estimates, coming up in the 190's. s&p 500 making a new record yesterday afternoon, 1883.9. the

right here. >> thank you, gerry, thank you, madam lagarde.about a year ago when we had this meeting, at that time emerging markets were clearly the star of global economy, but one year later the driving force is still clearly declining. so what is your opinion on this kind of a shift? and policy wise, what do you think the emerging markets can do in order to regain their momentum, growth momentum and also to enhance the resilience to have the financial market in a post-qe era? thank you. >> you know, i would not call it a shift because it is till the case -- still the case today that the bulk of growth is generated by the emerging markets. so this story about the emerging markets lagging behind, slowing down and having lost their momentum is a little bit overdone. they are still providing the bulk of growth. what is new is that advanced economies have picked up, and there is that rebalancing happening at the moment. but i wouldn't, you know, call that a shift. i would call it rebalancing. having said that, clearly since the tapering talk in m

this comes off our conversation yesterday with christian lagarde. further that conversation. the peterson group is doing the best research. we have got a lot more guests on what is going in washington. those stormyat markets. the weather here is perfect. in the world of the nasdaq, things are very difficult. >> one eye on the markets. thank very much tom., will be back in 27 minutes. results will be released at 7:00 a.m. new york time. let's talk to media banking analyst. he joins us on the phone. jamie diamond has been talking about it being a tough year. is that going to affect the numbers today? >> it will be yes. while there are some blind spots a jpmorgan, the big focus be on the fact that it is extremely tough. be question ofo how much weaker those were. how much that is offset by bank performance inequities. you. is good to see i think it is going to be a long drawnout saga. after the final mexichem money-laundering said the charges will not be one off the next two years. we have still got that. provisionsgan to the got cloudsit still of the

christine lagarde can be the change.president of the european commission, which should be very interesting. [laughter] [cheers and applause] i had to ask you. but seriously, when you -- at least when you leave your post as m.d. at the imf, what is that you hope you will accomplish and left behind because this is really sad -- he says this job i'm incredibly critical time for the global economy. >> well, i hope i can leave behind an institution that is confident. part of the work were doing around the world, which has support where women have a place and have a voice, not only around the border table, but at the moment has 24 men and no women except me, but also throughout the entire organization. >> i know how you feel today. [laughter] >> but we are not near. >> that's true. >> and where we will have provided meals are at it down practical value, u.s. stays or sticks in my mind. when i went to man mark a few months ago and she said to me, i want to thank the imf for what you've done for my country and how you felt us im

christine lagarde says the central bank should urge the erb to move higher.ow inflation could compromise an already sluggish economy. annette, the key concern is the debt dynamic. it doesn't help debt sustainability if you've got lower inflation. on the other hand, i wonder what the ecb make of this inflation. because they could argue, i suppose, that look, it's around things like energy, the bank is a little bit later and that, you know, actually, when you look at their core basket, only 20% of it is down. >> yeah, that's likely what we are going to hear from the ecb. that's one offslip of inflation in march due to seasonal factors. so -- but nevertheless, the ecb is still concerned also about the trend of inflation, at least their chief economist is quite an outspoken, yeah, hawk, i would say. and he's -- yeah, he's extremely critical about any potential easing or any potential falling into the deflationary environment and the recent inflation data are also showing us that spain is actually in deflationary environment right now. so it tells you also again t

christine lagarde. woman that many think would make a great president of france because she has been finance minister, she ran a law firm. she has done it all. quite she is broken barriers. here is the difference. this is something i learned. way, you're going to have moments where things make you nervous, you have to summon your confidence. the question is, do you let that stop you from taking the next step. that is the critical issue. brothersid the lehman had been lehman sisters we would not have had the problems. quite she tells a great story. that the world will be a better place if more women were ruling the world because they would bring a different set of values. >> that is what is critical about this. there women you know who are so confident. maybe they could be at the next level. even the most powerful women we found are sometimes holding themselves back. we agree. we need more women at the top. >> he have sheryl sandberg who --do i deserve to be here? >> she said that to us. ting sometimes i

managing director, christine lagarde. [applause] thank you very much. it was a pleasure to have you here. ♪ >> there are many, many world war ii stories and one of them belongs to eric lomax. he was a british soldier who was tortured by the japanese. he was forced to work on the thai-burma railway known as the "death railway." a japanese interpretor made lomax's life miserable. more than 50 years later, he returned to thailand to meet the man. in 1995, he wrote "the railway man." the autobiography has been turned into a movie starring jeremy irvine and colin firth. here is the trailer for the film. >> i have a small problem which i suspect this gathering might find interesting. i've fallen in love. >> he's a wonderful man. i've seen it, but he's a mess. >> you couldn't possibly imagine what he's been through. >> i want to know what happened to eric. >> war leaves a mark. >> this is the bbc. allied forces in singapore have surrendered to the japanese. >> when we surrendered, the japs said we weren't men. real men would die of shame. >> you have no honor.

also ahead, our conversation with the head of the international monetary fund, christine lagarde.she weighs in on western sanctions against russia and says the ukrainian economy needs tough reforms. >> the economy of ukraine was heading for disaster. it's an economy that needed profound transformation of its

. >> hillary clinton and christine lagarde took part in a joint interview in new york.ere speaking at the women in the world conference. both are regarded as potential presidential candidates. >> madame secretary, is there any other job you would be interested in? [laughter] [applause] comptroller of the state of illinois or something. you know what i mean. >> not right now. between russia and ukraine heated up as russia said it detained 25 ukrainian citizens suspected of plotting terrorist attacks. russia also raised gas prices for ukraine for the second time. in ukraine it is the last day to register as a candidate for the presidential elections set for may 24. >> let's take a look at that last story and a little bit more depth. we are talking about a billionaire chocolate baron who is the front runner in ukraine's presidential elections. >> we are joined by ryan chilcote and robert franco. let's briefly start with you, ryan. >> i interviewed him in kiev, in the parliament. we talked about gas prices. he is already a political force. if the election was to happen toda

menem --madame lagarde, are you seeing your investment in the developing world?e multiplier you have expected? >> i brought a present for you. [laughter] >> my column for sunday. >> it is called women, work, and the economy. [applause] back to the numbers. it is really important to measure. we must identify what policies need to be fixed in order to have access and open up the economy. andust remove the barriers not just the cultural barriers, but the economic barriers. what we did is we identified in many countries what the -- what input women can bring to generate more output. this is economic jargon, but if you bring more women to the job market, you create value. that makes economic sense. growth is improved. in countries where it is a no-brainer, korea, japan, seem to be china. certainly germany, italy. they have an aging population. in countries like japan or korea, immigration is complicated. what's the deal? open up the market for women. they are very interested. the levels can be significantly improved just by letting women access the job market. we are

the testimony of the lagarde children was enough to convict thompson of armed robbery. he was given the maximum sentence. >> co-hardly stop eating. that was my first conviction. but he gave me the maximum, 49 1/2 years. i realized that i was in some serious trouble. because now, now we won't go through the murder trial. >> at the murder trial, both kevin freeman and richard perkins testified that thompson killed ray liuzza and since thompson had no alibi, even his defense attorney thought the situation smelled bad. >> i can't make chicken salad out of chicken [ bleep ]. the facts are the facts, the case is the case. with the public, the nature of the crime, the black on white, we were one foot in the grave and the other on a banana peel. >> if thompson took the stand in his own defense, jill williams would be able to bring up the carjacking conviction. >> i couldn't defend myself because the first question you would ask me on the stand, have i been convicted for anything, i would have to say yes. for what? i would have to say robbery. so my lawyers advised me not to tak

. >> ali velshi is going to be talking about the crisis in ukraine and more with christine lagarde.ore on aljazeera america. it took nature thousands of years to create the louisiana wetlands, but in the course of 70 years, they're starting to go away and disappearing. it's part of climate sos. and a zoo gets a makeover. the price tag in just a moment. >> welcome back to aljazeera america. i'm del walters. these are your headlines at this hour. the president will be in austin, texas today, attending a civil rights summit at the lbj presidential library, marking the 50th anniversary of the civil rights act of course the president is delivering the keynote address this afternoon! >> one of the victims of the high school stabbing is speaking out. one of the victims is disappointed with the suspect, alex rhibal. the investigators for the malaysian 370 are narrowing the search. it's now ten times smaller than it was before senate. >> in our continuing series, climate sos. we look at louisiana and the fragile coast that has been disappearing for decades. part of the refine is negligence o

whatever the reason, lagarde says congress' failure to act hurts the reputation of the united states, and of the imf, and says the imf has the ability to act very quickly to get the funds to nations when necessary - using crimea and the ukraine as an example. >> where the imf demonstrates its utility, it's efficiency is in a situation like ukraine. we can mobilize teams of experts who understand those issues, because they have gone through crisis in the last 10, 20, 30 years. and they immediately know how to address the situation hike that of ukraine. we were on the ground, we did the fact finding in next to no time. we did negotiations and we were able to put together a package between 14 and $18 billion. we're not talking $1 billion. we're talking -- >> the u.s. -- >> the u.s. and others, we're talking significance. why can we do that? because we have the expertise? yes. because we have the resources, and you need significant resources to impress on the participants that we'll be there, not just to help ukraine. if something else goes wrong anywhere in the world, including a big cou

>> i like that lagarde addresses that head-on in her piece.he said, it's great to have another person wearing a skirt at one of these meetings. you can imagine how that would feel. this is what women talk about when they talk about a lack of other women in leadership. we really wanted to show that connection. >> i love that josh was throwing shade on it. >> we heard it from "the new york times" headline, too. >> not the gray old lady. but i was happy to see marina on the list. one of the most interesting artists in the world. to me, a few years ago, for some of the folks, she did this piece at the museum of modern art where she just sat there for three months pretty much all day, staring into the eyes of whoever wanted to sit across from her. and really powerful things happened when people slowed down their lives and just stared into somebody else's eyes for a while. let's show a little bit of the film they made about that happening. >> people don't understand, it's hard to do something which is close to nothing. it's demanding all of you. the

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christine lagarde can be the change. >> it was interesting to see the reaction about women ruling the world, two of them. >> it was a great moment to see two powerhouse women is always very exciting but i always wait to see how they answer the 2016 president question. >> i find it fascinating every day to see two powerhouse, women. >> thank you, charlie. >> i was fascinated listening to hillary clinton to lay out the rationale for a presidential campaign last night which is the need to stress compromise talking with people you disagree with. and number two, fact-based and evidence-based decision-making which in this era of hyperpartisanship is an argument that she weaves into a potential presidential run. >> people are waiting for her to lay out a narrative of what she would do if she was president. >> she has a new book coming out. >>> the late show's number one guest, do you know who that is? he says he understands why david letterman is retiring. >> there comes a time when you just don't feel like doing it. i know wha

christine lagarde can be the .hange [laughter] president of the european commission, which would be very interesting if you are the president of europe and you were -- you know -- [laughter] [applause] [laughter] [applause] >> oh, goodness. >> but seriously -- [laughter] at least when you leave your post empty at the imf, what is it you hope you will have and left behind? you have served this job at a critical time in the global economy. >> i hope i can leave behind an institution that is confident, proud of the work that it is doing around the world, which has the support of its memberships, where women have a voice, not only around the board table, which at the moment has 24 men and no women except me, but also throughout the entire organization. >> i know how you feel today. [laughter] >> but we are not threatening you. [laughter] and where we will have provided real, down-to-earth, practical value. its days haveat stuck in my mind. to me, shei said appreciated what i have done for -- i cried. we can do many of those things around the world. i will have done something good. [applause]

that all along the way you are going to have moments where things make you nervous or as kristine lagarde says where you need to summon your confidence is. the question is do you let that stop you from taking the next step and that is the crit fiscal, critical issue and i think in fact she made a very important point to us which is in trying to gain more confidence, women should not be trying to look only at men and male behavior. >> rose: and don't let that be the pattern. >> she helped us recognize that, the female confidence may, in fact, look different than male confidence, it may not be about. >> rose: right. >> -- interrupting people or speaking first it may be about listening more but the bottom line is you still have to act,. >> rose: what kristine lagarde once said if it was president lehman brothers had been layman sisters we wouldn't have had the problem. >> we wouldn't have drove off the cliff so quickly. >> rose: that's because just of the notion of women have having i mean a lot of women think the world would be a better place if more women were ruling the world, we are, wer