. >> reporter: as m.i.t.'coming first year class began orientation this week in cambridge, massachusetts, the elite university's president speaking out about the makeup of the class of 2028. >> what it does not bring as a consequence of last year's supreme court decision is the same degree of broad racial and ethnic diversity. >> reporter: the roughly 1100 members of the class, the first shaped in part by the supreme court's decision striking down affirmative action in school admissions. >> i am very surprised and i'm honestly shocked that it would have dropped so much. >> reporter: black and african-americans making up just 5% of students compared to 13% in the previous four years. hispanic students 11%, down from 15%, but asian-american students up 47% from 41%, and white students holding steady at 37% from 38% previously. students we spoke to here are concerned. >> i do think, like, when i look out at my class you see a lot of people who look like me and much fewer people who look different from me. >> dive

. >> reporter: as m.i.t.'st year class began orientation this week in cambridge, massachusetts, the elite university's president speaking out about the makeup of the class of 2028. >> what it does not bring as a consequence of last year's supreme court decision is the same degree of broad, racial and ethnic diversity. >> reporter: the roughly 1100 members of the class, the first shaped in part by the supreme court's decision striking down affirmative action in school admissions. >> i am very surprised and i'm honestly shocked that it would have dropped so much. >> reporter: black and african-americans making up just 5% of students compared to 13% in the previous four years. hispanic students 11%, down from 15%, but asian-american students up 47% from 41%, and white students holding steady at 37% from 38% previously. students we spoke to here are concerned. >> i do think, like, when i look out at my class you see a lot of people who look like me and much fewer people who look different from me. >> diversity is

my uncle was at m.i.t., a professor, the longest-serving professor in the history of m.i.t., very smart. we have a smart family but i understood nuclear for a long time. i say that i am much better looking than her. i'm a better looking person than kamala. has anyone seen silence of the lambs? the late great hannibal lector. he would love to have you for dinner. that is insane asylum -- >> give him the nuclear codes because his uncle worked at m.i.t. my husband has a distant relative who is an ob/gyn but does not deliver babies. if kamala harris said one, one of those things, we would be talking about panic and catastrophe for her campaign. michael, how ridiculously low is the bar for donald trump? >> no, there is no bar. he's just stupid entertainment. it's like being drunk on a saturday night with a bowl of popcorn and a really raunchy movie. you just sit there and you ask yourself, what the hell is going to happen next even though you know and that is all it is. >> we are the ones responsible for it. we set the bar. >> the press sets the bar. they were so hell-benton anxious for kama

in mourning, in part because i know there's people like me who might have had a chance to study at m.i.tt opportunity. >> reporter: three other schools releasing their data. >> how do we get the desired result of diversity without compromising merit? >> reporter: her son is starting the college application process. she said she values diversity but that the playing field needs to be leveled well before college. >> admissions to college should be based on that best fit and the best fit for an academic setting should be the academic merit of the child. >> reporter: here at m.i.t. the university is vowing to find ways to increase diversity without violating the supreme court ruling. that means increasing outreach to minority communities and promoting its financial aid programs. nine states had previously banned affirmative action at its public universities, most saw a drop in minority students immediately after. are you hopeful for the future? >> i have to stay hopeful because that's what keeps us innovating. >> reporter: rehema ellis, nbc news. >>> there's another surprising and potentiall

rehema ellis spoke to students. >> reporter: as m.i.t.'s began orientation in cambridge, massachusetts, the elite university's president, speaking out about the makeup of the class of 2028. >> what it does not bring is a consequence of supreme court's decision, is the same degree of racial and ethnic diversity. >> reporter: the roughly 1,100 members of the class, the first shaped in part by the supreme court's decision striking down affirmative action in school admissions. >> i'm surprised and i'm honestly shocked that it would have dropped so much. >> reporter: black and african-americans making up just 5% of students, compared to 13% in the previous four years. hispanic students, 11%, down from 15%. but asian-american students up 47% from 41%. and white students, holding steady at 37%, from 38% previously. students we spoke to here concerned. >> i do think, when i look out at my class, who look like me and not very many people who look different from me. >> diversity is the biggest reason i came to mit. >> daniel wood believes cutting ra

one of the things we have done is we have a partnership with m.i.t., and we did something to still abouthe role that automation and technology will have in job creation and the future of jobs. that report is tantalizing and within days we will release it. i will give you a hint, it takes to the solutions that we can create with cbc and cbc alc and other organizations that represent black voices and block perspectives to close the gap and to ensure that the representation that we all want to see is, in fact, what we are able to solve for. so we invite you, cbc, and all of our friends in the room to join us in the journey. to build without a feature that represents the diversity that is really what makes america so wonderful and so great. and what i would like to remind us all of his, these opportunities to be together, a great time to network and build partnerships. so we are very much looking forward from an amazon perspective, of deepening relationships and partnerships and building that future together. without further ado, i will invite my most illustrious amazon colleagues, tarita ro

i was in harvard, patrick was down the road at m.i.t..e talked about this idea but this was 2009 where there was a huge number of internet businesses. if you talk to any entrepreneur they would tell you that this was their biggest frustration, but we were 19 and 21 at the time. we were not experienced in the industry. what was interesting if stripe is obviously regulated financial services firm. it's probably helpful that we had no idea of what it would entail. it's actually pretty complex. but we gradually got into it. david: you did when you're at harvard and he dropped out, did you say to your parents i'm going to be the next bill gates or mark zuckerberg or they didn't say anything about the importance of getting your degree? john: quite the opposite of what i said to my mom when i was leaving ireland for college. patrick had dropped out previously. she said, if you're going, you're going for four years and i said, yes, absolutely. i'll go for four years in graduate and that was two months before stripe. david: where did you get your

seif fateen, an m.i.t.-educated professor who has been unjustly detained in egypt since 2018. dr. fateen served in egypt's ministry of education before the government was overthrown in a coup in 2013. his home was later raided without a warrant and he was arrested. for the last six years, he has been held without a trial date, despite an egyptian law that sets a two-year maximum for pretrial detention. dr. fateen has experienced various forms of mistreatment, torture and near total isolation during his detention. and continues to be denied basic due process. i want to thank dr. fateen's family who lives in redmond, washington, in my district, for bringing his case to my attention. i recently met with the egyptian ambassador to advocate for dr. fateen and i'll continue to demand justice so that he can be reunited with his family as soon as possible. thank you and i yield back. the speaker pro tempore: the gentlewoman yields back. the chair recognizes the gentlewoman from new york, ms. malliotakis, for five minutes. ms. malliotakis: mr. speaker, i rise in honor of national pow-mia r

at m.i.t., students have reportedly -- reported they feel unsafe going to class and the m.i.t. president has said she would not discipline the students making those threats because if she did they risk losing their visas and being deported. throughout all of this, the biden harris administration has been utterly absent. does anybody doubt that if the clan were on college campuses terrorizing african-american students threatening african-american students that we would see the fbi there? but we would see prosecutors there? that we would see federal funding cut off to universities, of course we would and we should. but when it comes to antisemitism, the democrats have a problem. i would note this is occurring in blue states with blue governors because the democrat party is terrified of the pro-hamas wing of their party. in states like texas and florida, we do not allow this. at the university of texas when violent protesters threaten students, police officers arrived and arrested them. that's what happened when you enforce the law. every republican member of this committee asked

will talk to somebody who has been studying this for years, and astrophysicist with her masters from m.i.t. so she will be on and we will do some science experiments. then we will also talk about being in the swings of this political season. did you know that you can election gamble? this is something being worked through the courts right now. we are trying to figure out whether it is legal or not. there is a lot of gray area on gambling during this election. and we will talk about whether or not this is a good idea. what does this mean about democracy? i want to know what you all think. >> you had me at how do planes fly and scientists don't really know. we are looking forward to it. thank you for coming on this one. cbs mornings plus hearing from 9:00-10:00 right here. >>> 49er fans are waking up feeling a lot better this morning. vern glenn will have more in the red & gold report. >>> the 49ers got back on track with a big win over the patriots. san francisco can think its defense for helping to turn things around. matt lively has the details. >> the 49ers defense stepped up in a big wa

a recent study from m.i.t. stanford showed there is a 13% improvement on day one if you have a coach on your side that is ai and learned from wise people and has assisted you in being better. ai becomes the mediator to bring knowledge from smart good people to everybody else. >> what does ai in general do better than humans and what do humans do better than ai? sebastian: ai can crunch through very large data sets faster than people can. when there is a regularity in large data, ai has the upper hand. in 1997, and ai computer beat the world chess champion. because it can look like one million more chess games than a person could. in 2018, and ai system beat the world leading goal player. and ai system was able to study and come to a solution that the the sitting strongest player. google can go through hundreds of billions of websites until you find the one that matches your theory the best. that is also the limit of ai. it needs massive amounts of data. it needs so much more data than people ever look at. if yo

i know m.i.t. lincoln labs which was fantastic. to see that level of participation. you correctly that t rex is occurring on two to three weeks? how do we get into the pipeline? in other words, how does industry get their internally funded development into the pipeline? >> let me explain. there is a little bit of misunderstanding in that part. t-rex, technology readiness experimentation -- we test it out. we spent three weeks there. >> you have events every six months. how did they get in? is that a rolling application in your office? >> absolutely. alex runs the entire experimentation. >> alex lovett is the person you need to contact about that. >> absolutely. i travel with alex. we have gone to a small company. once i see something really cool -- i say this is really cool, alex. first i asked the ceos. are you willing to lend them some of your prototypes here so we can test it out? usually the answer is yes which is fantastic. we test it out in front of the products that we saw. they have become the backbone for what we are testing. >> hopefully you're going to see

one school to yield highest salary new graduates is m.i.t. >> there you go. >> rounding out the top five. princeton in, naval academy. >> and uva usual does does well. i don't see them. >> come on. >>> thank for watching "power lunch," everybody. >> "closing bell" starts now. >>> wack to "closing bell" i'm mike santoli in for scott wapner. stocks holding firm for last week's gains and inching toward record highs as investors cling to soft landing hopes. spenceful fed decision thrown on top. a look at scorecard with 60 minutes to go in regulation. dow earlier touching a new record high. briefly intraday. s&p 500 made up for earlier modest losses while both indexes soundly outperforming nasdaq on the day. a burst of rotation way from big tech. small caps also out in front in the s&p. bank stocks stand-out to the upside. chatter about a half percentage point fed rate cut encouraging textbook easing cycle straight. j.p. up 1.7%. and former fed vice chairman alan blinder in a moment. first, "talk of the tape." is the markets growing confidence in the soft landing justified and how big the sta

m.i.t., amherst college, tufts university report a significantly lower number of black students thiss white enrollment increases. what do you think are the implications? justice jackson: well, i will leave it to your viewers to read my opinion. in my dissent, i talk about the gaps that have been created in our society over time, and the fact that affirmative action was actually designed as a response to them, so we will have to see what happens as a result of where we are now. geoff: when you write a dissent, who do you envision as the audience? the american public, the other justices, posterity back on justice jackson: all of the above. we really do try to speak to a wide variety of audiences. when you are dissenting, obviously, you have not been able to persuade your colleagues about your view of the issues, so to some extent, you are writing for the public so that they can understand the debate that the justices have had about the issue, and then you hope to be writing for posterity because you would hope that eventually, your point of view would prevail. geoff: the process of wri

. >> i wrote on my entrance exam at m.i.t.ause i'm coming to your program because i want to be mayor of a city one day. >> looking in the rear view he can say that goal has a shot at reality and he uses it to drive his policy. >> my kids are involved in a lot of conversations. we talk about, you know, things that are happening in the city. like our own home was broken into. the same night that speaker pelosi's husband was assaulted, our house was broken into. they stole my stove, my microwave, my hood. thankfully we hadn't moved in yet. we were a few weeks away from moving in, but, i mean, it was just jarring. so the kids see these things. know it. they field it. we talk about it. >> stopping for a sweet treat he relishes the moment to spend with his son. >> you want to get ice cream? okay. >> i promised him we'd get an ice cream. >> you put in the time and energy to prepare for different moments and it's impactful. >> a sweet reminder for the future he hopes to build with his family and his city. >> well, hear the candidates

this company was founded, to your point you've been around for decades. 1981 it was founded out of m.i.tters. our friend julie beale says she looks at smaller and mid caps, saying for those that missed out on the ai boom, your company is another way to play it with a track record to make oil and gas companies more efficient. that said, some of the analysts who -- shares are up by 5%, but the analyst community is concerned with writedowns in russia and so forth. can you tell us about the business prospects there in a time of tremendous uncertainty? >> i know now that we're going through a moment of economic uncertainty, and russia had to do with us exiting the country after sanctions were imposed. but the last two years, we've integrated a couple of great businesses into aspen tech. we've transformed them and we've moved into utilities and transmission and distribution of electricity, managing and operating the grid. and a business around the subsurface simulation for oil and gas exploration and production. now that we're through the integration and transformation of these two businesses,

the other donor would mention is 100 years old, bob is a philanthropist, m.i.t.arted this program, the leading program in the country for producing black scientists and in conversation with me that was one where i was introduced to him by bob embree and in the first conversation with bob this is literally more than 35 years ago at a time when i was in my 30's and he was in his 60's and we began the conversation with his asking, what can i do to help more black males succeed in our society? he said, i am already working on issues involving women and they were finding his wife's alma mater, but he said everything i've read on black males is negative. what can we do? an we were working at the same time to figure out what we could do to help more blacks succeed in science and he has been asking good questions for over 35 years. it's a great story. so i place those up to you as wonderful donors of a young campus, the sherman scholars, the meyerhoff scholars, when you hear the name meyerhoff you think about great science and one of those scholars became the first black

a new report found the number one school to yield highest salary new graduates is m.i.t. >> there yourinceton in, naval academy. >> and uva usual does does well. i don't see them. >> come on. >>> thank for watching "power lunch," everybody. >> "closing bell" starts now. >>> wack to "closing bell" i'm mike santoli in for scott wapner. stocks holding firm for last week's gains and inching toward record highs as investors cling to soft landing hopes. spenceful fed decision thrown on top. a look at scorecard with 60 minutes to go in regulation. dow earlier touching a new record high. briefly intraday. s&p 500 made up for earlier modest losses while both indexes soundly outperforming nasdaq on the day. a burst of rotation way from

sixth of december, the day after our big hearing with the university of pennsylvania, harvard and m.i.t.. 31 democrats and all republicans voted for the bill. that is a big bipartisan vote. it's been sitting in the senate ever since, on chuck schumer's desk. another part of the -- guy: why is that? is there lobbying going on, by universities to stop it? rep. foxx: i'm sure there is lobbying going on. i cannot tell you, i have not spoken directly to senator schumer about the bill, so i can't tell you exactly why, but i think we past summer close to 700 bills that have gone to the senate and i believe this year, 70 bills have been signed into law. guy: and more controversial ones with regard to foreign influence , the tiktok legislation, banning controversial social media made it through. it is curious that deterrent is not getting there because we only have you for a little while longer, i want to try -- i want to stay with chairwoman foxx, going back to her report. the committee has been, as you mentioned with these very contentious hearings, incredibly impactful. it really has been at

edge is also serve at the brookings institution and taught at m.i.t. she has a masters and phd in economics from harvard. so with that on delighted to welcome lael brainard to the stage. [applause] >> well, it's great to be here, and i want to thank matt goodman and michael froman for inviting me who i've had both have working with many types and to blair for joining for the fully great conversation on the u.s. economy. this conversation, at a good time because today we are at a turning point. inflation is not back down to pre-pandemic levels and that means the focus needs to be on safeguarding the gains, the important gains we've made in the labor market. .. convinced this combination of a large decline in inflation along with continued solid expansion that we're seeing today just couldn't happen. they predicted inflation could only be brought back down at the cost of >> >> believe the decline in inflation would require a major slowdown. in fact, inflation has come down back to its level just before the pandemic while we've maintained the lowest avera

so let's friedman is from m.i.t. he's a computer engineer. >> computer scientist. do you think would have been able to do that interview? that's so fun. there's only one way to find out. and i think now is the time, becaus the time people getting f her schtick now would be a great time for to go on and show like that and answer some questions. questions.e know about theth visitor logs that epstein island, what does sh e knoww ab about aliens? >> what does she knowou about economict aliensabout ecs >> yes. and, you know, that would be a donderful chance forthat woua wr her because she's been so good lately at stifling her lauginlinglefth. and so that to put her inin a position where she's so uncomfortabl e and awkward, she's have circled you. >> but every time, every time trump does an honest like that and talks about things that set you up to talk about ws probes, which i thinkt is really, you know, the gift we've all received. hopefullwe'v ived doiy little something later from the graves, if you know what i'm saying. it's another chance for. tim walz family, too.

that's what jill coughlin, the head of the age lab at m.i.t.ays that often within a year or two, retirees find out they need more money or they need something to do, and then they go back to work. well, you can find out a lot more about this survey on cnbc.com/yourmoney melissa? >> do the feelings about retirement and how prepared people are, does it break down differently according to age brackets >> well, certainly, i mean, i think a lot of younger people are not even thinking about retirement, they're not really even using that world, they're thinking about financial freedom, and the opportunity to work in ways that allow them to do what they want to do now and in the future. and so, that might be working several different jobs, and that also means that that requires savings several different ways looking at what many people should be doing, looking at a self-employment retirement plan, if you have access to that, and then taxable investment account, those are ways to save for retirement, but they're thinking of it as a way to get to financi

there is someone good at hillsdale or m.i.t., we give you a pot of money, just go hire them. do not let the hiring be held captive by the current faculty. why? because if you are -- at almost any university in this country, if you don't toe the ideological line, are you going to get tenure? probably not. i would say 95% not. now we don't have to worry about that. they see people who are talented, they bring them in. we brought in a lot of professors for our universities. and it is funny, we have this post-tenure review, people are being processed out. some people have looked at what we have done at like new college in sarasota. this is a small liberal arts college, publicly funded. i didn't even know what it was night became governor. i remember the speaker of the house and said governor, i want to talk to you about new college. i was like, why we need a new college? no, this place in sarasota. it was like a marxist commune, left of the left, no grades. look, if that's what you want to pursue, you have every right to do that. but not at the taxpayers expense. so i put seven c

i went to m.i.t. for city planning. this is really important all the work i have done in this city. you are right. corruption has imbued this mayors and administration since day one. and what i did is 2.5 years ago i ran a ball measure that said we are going to do mandatory audits, a programming that deals with our department homeless services and housing. that is the department that started out at $100 million and has grown to over $700 million. i don't think anyone believes that the coitions with homelessness crisis have gotten better. they have only gotten worse. when we did our mandatory audits spring of last year, the very first one that was done they had to call in the fbi. because the group was selling vouchers to friends and family. the second audit that happened it was invoices that were being submitted to the city for work that was never done. so, i have led a chart to do mandatory audits and bring accountability. this mayor did not support that measure. she did not support bringing additional oversight and accountability. the people that suffer the most are working and mi

because i had an uncle who was the longest serving -- i believe the longest-serving, i was told that by m.i.t., he was there 39 or 41 years -- longest-serving professor in the history of mit and nuclear was something he knew a lot about. we used the talk about it. i said, uncle john, there is no way. he was telling me about this incredible power that was being unleashed potentially. i say, uncle john, you could never. and he was very modest, because i have seen the destructive capability. this world is going to have to get along because if that is ever unleashed, we have too many countries that have remnants of it or some of it. but probably five countries. kim jong-un, when i went to the white house after winning in 2016, i sat with president obama, which is a ritual, and use it and you -- and you sit and you talk. i said what is the biggest problem? he said north korea is the biggest problem. i don't think it is solvable build -- it is solvable. i said, have you tried calling him or talking to him? the answer was, yes, he wasn't responding. but i did. and we were very safe. it started off a

rutgers worked with folks a university of washington, the office of science and technology policy with m.i.t. and with other universities to organize a white house form an associate workshop on campus and committee skill, climate action we been caring for some discussion at that with the academies about how to carry on the work. so before that workshop we begin got to answer question for macros for higher education institutions. want to go to those in a document land-grant in particular. so first higher head institutions operators the buildings here so energy systems and transportation systems. so many are effectively centrally planned municipalities and those microcosms of which solutions can be tested and demonstrated. and engines relationship with communities there's an opportunity provided by things like the bipartisan infrastructure law inflation reduction act to test out to tap into those resources to benefit universities has operational institutions and inclination with their communities and states. second, higher head institutions are course educational institutions and as mentioned

his great, great uncle went to m.i.t. >> yeah. >> when i'm walking down the street in new york, walking down sixth avenue, i trip and fall and hit my head and get up, i meant to do that. i meant to do that. i didn't mean to do that, i just tripped and fell. >> it also gets to the truth, jonathan, that everything is in his head. he hears the criticism, hears he's rambling too much, and projects and tries to explain it away to a crowd who doesn't know what he is talking about. >> he has to respond to everything written or said about him. he is undoubtedly watching right now, angry we're talking about the weave. he had been -- >> no, he's not. >> president biden dropping out of the race, ask focus was squarely on donald trump's age, donald trump's gaffes, his misstatements and rambling at these rallies. of course, he has to hit back and invent something known as the weave. to justify what he's done, almost like a stand-up comedian with a multi-part act, bringing home the punch line three jokes later, referring to the old one, the callback. >> i'm still waiting for it. >> jonathan is one of

but of course i just received an incredible briefing today from the m.i.t. sloan school of business. they work across the aisle and have this unbelievable data set that shows what we need to do to stave off the five-degree warming of the planet. and it's a whole host of things. but of course, to my capitalist focused friends and capitalist focused men and women, those are all profit-making endeavors. we're here, my friends, to talk about the future and we should be celebrating it and not cowering and clinging to the past and absolutely saluting and recognizing the freedom of our fellow country men and women who are going to buy the automobile they want to buy. but of course we have a million new electric vehicles that were sold in the united states of america, 75,000 from g.m. and 75,000, roughly, from ford. and they're being honest and transparent what they want to do. every week i go and visit a manufacturer, and i meet them where they're at and i sit in their conference rooms and walk their floors. i'm in my sixth year of doing this. and really tremendous

texas leads the country in wins generated in only second to californian solar generation and upcoming m.i.t. study finds between 9 gigawatts and 36 gigawatts of interconnection between texas and its neighbors to get us to 4% co2 reduction nationwide and 33% co2 rich action in the state of texas. in the next few weeks i want to send a letter to your department urging you to do everything it can to interconnect the grid or transmission planning and i'm interested in hearing from you madam secretary if you're considering adding texas to your final list of recent -- designations. >> thank you for your leadership on this. it covers the panhandle of texas but it does not connect turcotte. i stand by this is texas call. to vertex state sovereignty on this but i do think when you consider the ability for a neighboring state to help in a time of crisis and they are more weather events that are happening and affecting grids i think the nation would love that. similarly for those developers who are in texas and want to take advantage of economy of clean energy to be able to export that power would be