and moan athat's estimated at up to $70 llion. while david and peggy always said they bought for beauty,ot profit, their art also became a great investment. >> m father, when he was looking back at all the sectors his investment, his real estate, his stos and bonds, his art, he actually had a colleague of his measu how well they had done as generic asset classes. d art won. >> reporter: during his lifetime, david gave awayearly $1 billion. all the proceeds from the auction will go to a dozen non-profits selected by david. the rockefellers a now in their seventh generation. their financials areept private. forbes put david's net worth at around $3 billion but he was just a beneficiary of trust that will now get passed jwn. davi says the sales of so many family treasures is bittersweet. >> there are members of the family who really sad about that. i'm saddest about the idea of going into an empty house that used to be a beautiful house full of all o these amazing pieces of art. my dad taught me not to look back. >> reporter: but you

over the years, it's outpaced the s&p 500 by 6% upt's up more than 5% year to date withore than $5 llion in assets under management. gotham asset management managing principle joel greenblat joins me now from the forbes adviser's conference in vegas. thanks for joining us. >> my pleasure. maria: let's start off with where you see things here. characterize the backdrop for investing. obviously the macro story has been good and how you view this market at current level. >> sure. well, you know, the stock market is just a bunch of stocks added up together and that's the way we look ait it. stocks are ownership shares of businesses. we actually go around and value each individual business. if you think about the s&p 500, 500 stocks are weighed a certain way and we value them daily and we've done that for 27 years individually and then we add them up and raik them the way the market does. and right now we're in the 16th percentile divorce expensive over the last 27 years. the marker has been cheaper 84% of the time, more expensive 16% of the time. then we look at what's happened and what's ha

. >> reporter: meanwhile, the president suggested the pentagon pay for the estimated $25 r llion wall. over the weekend, mr. trump ileeted, "building a great border wall, with drugs, poison, and enemy combatants pouring outo our country, is all about national defense. build wall through m." that "m" is for military, but the white house offered no details. >> i can't get into the toecifics of that at this point, but i can tell you that the continuation of building the wall is ongoing, and we're going to continue moving forward in that process. ti this is not constitutionally appropriate. >> reporter: jonathan turley is a constitutional law professor at george washington university. thehere is a serious problem when you ask congress for money and then circumvent congress when the money is not forthcoming. >> reporter: but for this idenident, the politics of this tsue are more important than any constitutional debate. remember, this was mr. trump's key campaign promise. ce fact, just today vice president mike pence declared to dcrowd in north dakota that "when it comes to building the ll

stocktradthat my fend this t power ttell meinside infortion on, i sult in me maki milions odoars or oid losi llions of toars, let's see, ther wou benvestigave rerters, arings, ethic comitte report, mbeven crimin chargs. but r.icahn an his buies nothing. not t. let's ma th theriends whcile thehiteouse an the truusinesseprove the erican pple with answs and transpanc that's a we a. that canave grear coidence n r pridentnd his familthat theare not unni alub tockcy-- club tocryike ruia where thos who are gerng are mply dng it t makeoney no x returs. reculs that n'seem to be recusal hol nd businesonfcts of intest, and ttrong odor osothin fishy the ose tthe presidt who are making llns apparentl becau of e proximy to t predent. theeople demd scriny or motock agenc nth reque it reqr an investgati by of cl byhe s.e.c. i a,r.speaker, tt my ttr to the hnyorble jay clayton to the exchange commission be kit smithed into the record. the speaker pro tempore: without objection, members are reminded to refrain from engaging personalities to the president. the chair recognizes the gentleman from north carolina, mr. j

his fingers, sensitized by reading braille, are ideally suited to detect any imperfection in the llionsfeet of fabric.at >> ( tran ): the cloth has to be as smooth as possible. there are five different categories that i have to check in order to certify that theto cloth is utandard. >> reporter: another cegory of workers are former gang mbers, identifiable by their trademk tatts, and unemployable in most placebecause of them. 39-year-old carlos arguetta says he was a leader in the notorious m.s.-13 gang, but gave up gang life when he joined an evangelicachurch. he told me that when he heardfi league outers was hiring, he hiorhis elaborate body art f the job interview. >> ( translated ): mr. bolanos said "why are you dressed with long sleeves? you have tattoos?" and i said "yes." and he said, "don't worry about that anymore. that's your past. now you have to start thinking about your future." >> reporter: arguettnow works security durg the day, and takes intensive english classes in the plant at night. he dreams that someday he'll own his own business. but for now, he's grateful for the

. $20 million in 2017. 2016.llion in how can we ensure we have a stable level of early for that challenge? in the legislation, we also included a funding source. that was to be sure that the senior pastor was reformed so that we would receive some funding on a naval bases to be deposited in the centennial challenge. is, howestion for you much has the centennial challenge fund received that you can tell us today is a result of the senior pass? how much do you expect to be put in 2018 and 2019? hon. zinke: thank you for your question. in the budget is $15 million for the centennial park challenge fund. i have talked to the national park foundation. wonderful job.a their target of raising private funds is just under $1 billion this year. i believe they will make it. we have a good board. as you know, what you are addressing an $11.7 billion backlog, even though the centennial was a great program, it did not meet the requirement of our funding of our parks. the last great effort was really mission 66 back from 56 to 66, which was a great effort. much of our billings today are a reduction of t

made a recommendation also to increase the portfolio lending safe harbor to institutions with $10 llion in assets or lower and that, as they argued, will accommodate loans made and retained by small depository institution, provide that needed regulatory relief to our financial institutions and expand access to mortgage credit in a responsible way. so with that, madam speaker, i thank my colleagues for their support, and at this time i have no further requests for time and therefore yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is, will the house suspend the rules and pass the bill h.r. 2226 as amended. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the affirmative, the rules are suspended, the bill is passed and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from kentucky seek recognition? >> i move to suspend the rules 4725.ss the bill h.r. the speaker pro tempore: the clerk will report the title of the bill. he clerk: h.r. 4725, a bill to re

you had this other, you know, and i llion bipartisan will point out bipartisan budget $300 billion morelars to the debt and so we supportive of that either. were e certainly, we supportive, not that we wanted a government shutdown, but was in his right this package. and instead of congress going on recess, spend 16 more than 28 seconds senat page. had to reach each host: how did you feel when the president said he was have an the omnibus on spending bill? going to ink he was veto it? guest: certainly there was a ossibility and that ended up being a thing. you know, i would also point out that the president can't come in at the last minute and they need to be engaged in the whole rocess and be realistic in budgeting. when you ask for instance, zero cbdg and congress giving it 3 billion per year, you got to deal with reality and to have that approach and realistic budgeting. host: to tim in lakeview, arkansas, an independent. good morning. aller: good morning, c-span, thanks for taking my call. that tremely disappointed the president didn't veto it. i'm not surprised the democrats, the le

shareholders have just approved a pay pac for ceo you on moscow that could net him over fifty five llion dollars over the next decade. stock option compensation plan worth only o point six billion dollars at today's has a market valuation of fifty two billion dollars. st options become vested as a company its performance targets or rather if it's performance targets topping out a goal of six hundred fifty billion dollar market value for tessa. and ambitious goal especially considering castlecent s up production of the mass market model three said dan and what happens if you mrs those targets for. the day fire another roadster with him in the driver's seat as. you can take it up so by thank you very much today franklin that with a business would you stay with us here on france24 right i just on. top story int a few moments study for the french president nicolas sarkozy has now been placed on the full investigation. ever allegations he illegally accepted. money from the fees regime on his election campaign back in two thousand and sevjue bels enough evidence to proceed. our correspondent n