>> this was filled: maytag, maytag, maytag, maytag. >> maytag invented its washing machine in newton. 5,000 people worked for maytag here, but newton lost all of those jobs. maytag was bought out, and by 2007, the factory was closed. many of the jobs went to mexico. no one knew it then, but these were the opening days of the great recession. now layoffs that started with corporations are cascading into mom-and-pop shops. how many employees did you have at the top? >> 22. >> and today? >> 10. >> do you remember the first person you had to lay off? >> one of the very hardest days of my life. my wife and i stayed up all night long. we talked. we prayed. we struggled. and you know what, man, that's a gut-wrenching feeling. you hate it. i hate it, and i never wanted to have to do it again. >> i wonder when you look forward now, what you think about rehiring people. >> when we hire somebody, we're definitely gonna need them. we're not gonna hire one person until we need two or three, and we're probably not gonna hire two until we need four or five. [leaves rustling] >> and that's why the re

. >> the maytag man, not getting many calls in china. >> i think we'll send jon ehrlichman. still ahead, i'm going to talk about perklation nation. most people don't even know what a percolater is anymore. we're going to check on some of the independent coffee shops and find out how they compete against the java giant, starbucks. and a special edition of titans at the table. our conversation with two famous philanthropists. microsoft chairman bill gates and bloomberg's l.p. founder and former new york city mayor, mike bloomberg. hear what they have to say about eradicating poverty and disease. that's tonight at 9:30 p.m., only on bloomberg. ♪ >> starbucks, starbucks posted its earnings after the close of trading today. the world's largest coffee shop chain said first quarter revenue rising 12%, $4.25 billion. so how can local coffee shops compete against such a giant? well, let's check in with two owners. rich runs sweet leaf coffee and espresso bar. the company's gone from one to three locations in new york city. and from washington, d.c., max brown joins us. he's the owner

he will be hanging out with the maytag repair man. isare looking at what coming up next.tock" we will be talking about a crisis in syria and the region. refugees from the civil war. there is a peace conference in geneva. if it does not reach piece, what will he do for the refugees? i will be speaking to the head of the international rescue committee. find out what he is doing to alleviate their suffering. that is coming up. >> it is time to bring you the business behind the media, entertainment, and pop culture. "philomena" doesn't look like it would be a good movie, boring. but it does look like it appeals audiences.h older jon erlichman caught up with the producer. coogan. >> it was put out in wide release in late november. the weinstein company only has one film in the best film category. you will see a big marketing push. steve coogan read an article about a journalist who helps an older woman figure out what happened to her young son who had cheered given up for adoption years ago. not exactly the story that everyone will greenlight in hollywood hollywood. here is wh

go down to monterey, mexico, just outside monterey, you'll see maytag operating down there. all the workers in newton lost their jobs. that was a great product. and we can look at industry after industry and see the same thing. i've got bridget helping me hold this chart up and i'm going to refer to this in a second and i want to thank her very much. she's a member of congressman pocan's staff. the fast tracked model was established in the 1970's before any of us even got here, as a way for the executive branch to exclude congress from trade negotiations. how about that? it's just another overreach by e executive branch here, inside this congress, and our ability to exert our legislative authority under the constitution of this country. now, since that fast track process was adopted, this failed trade model of executive branch control over our country has racked up over $9 trillion in trade deficits. $9 trillion. people go, why do we have a budget deficit? well, a budget deficit is only a reflection of our economy, not being able to produce enough income to pay the bills. be