bloomberg editor-in-chief john micklethwait interviewed microsoft cofounder and bill and melinda gatesn cochair bill gates. bill spoke about the need to engage the global climate crisis by developing renewable energy sources. bill: there is no doubt that solar and wind, including offshore wind, will be a huge part of that. because those are intermittent sources, the need either for 24 hour sources like nuclear or unbelievable miracle in terms of both transmission and storage, is very, very high. you can look at a country like japan. tokyo, 60 gigawatts, you have seven days where you have no wind or sun power at all. so you have to say to yourself, if you're not want to have people freeze to death, what is the source of energy during that seven-day period? the u.s. midwest, you have long periods where a cold front sits on it, and the wind does not blow. ofit will be a lot renewables and either a storage miracle or quite a bit of nuclear. the electric source will be almost three times as big, because it will be taking over parts of transport and industrial and heating that historically w

in reference to this initiative, melinda gates had this to say. "as we approach the scentennial of the 19th amendment, it is critical that we highlight all the voices who fought so hard to gain the right to vote. by boetter understanding our ow history, we strengthen the bonds of community and by sharing that history broadly, we can inspire the next generation of leaders to continue the culture of advocacy we feed need to achiev equality in the world today." though i mentioned this last, the reason we are, of course, all here, the foremost reason is we're gathering here this ev evening and over the next two days to examine the historical institution of slavery in this modern context here at the 2019 lapidus center conference. before proceeding, i ask that you take this moment to silence your cell phones. during this event, there is no flash photography and since we are live streaming, there really is no need for you to record it on your own. during the q&a, which follows this program, just a friendly reminder, you in the audience are responsible f

its annual budget the 2nd largest source of finance right after the usa is the bill and melinda gates foundation. 30 years ago and starting microsoft there was we had a very ambitious vision a computer for everyone. now i join you in seeking to achieve an even more important vision which is good health for every human being today the w.h.o. relies on voluntary contributions like that from the gates foundation but these are often linked to conditions. the w h o's annual budget amounts to about $2000000000.00 coca-cola spends twice that much on advertising alone and the hospitals around lake geneva spend $6000000000.00 a year. when it was founded the w.h.o. could decide how to distribute its funds itself now 70 percent of its budget is tied to particular projects countries or regions. if the w.h.o. receives funding to fight malaria for example it can't use that money to combat it mona. they have a lot of delays says will help put it in very face size whether it's at present w.h.o. at the operational capacity or culture to deliver a full intelligence and public health let's call. it. wha

taylor: that was bill gates, cochairman of the bill and melinda gates foundation. economy forum is being organized by bloomberg media group, a division of bloomberg lp, the parent company of bloomberg news. also at the new economy forum, we caught up with micron's president and ceo. he told bloomberg's manus cranny how the company handles business with china amid trade tensions. >> what i can tell you is i am here in beijing, and certainly this is developing slowly. i do not have anything particular to share with you. manus: have you had conversations with wilbur ross? how do you describe the conversations you are having with u.s. officials? >> what i will tell you is we are a very large, global company. we are always engaging in conversations with governments around the globe, and of course we have been in touch with the u.s. administration on an ongoing basis over the years. certainly in recent times as well. our business in china is certainly important to us. as part of that, we have definitely -- manus: would you say these conversations are constructive? >> abs

susan: don't forget, most of this is being given away in the bill and melinda gates foundation.d a lot of that away. stuart: i think he gives every year. susan: he still owns a substantial amount of microsoft stock. him and the clippers owner are the two largest, steve ballmer, the two largest individual stockholders. stuart: i own a tiny, tiny sliver. i'm a very happy guy. here we go. 9:30 on monday morning. we are off and running. the market is now open. how are we going to open? we are expecting flat to slightly lower. it looks like that's what's happened this morning although remember, we have had an extraordinary bull run that's taken the dow to the 28,000 level. so in the first couple seconds of business, we are down 30 on the dow. how about the s&p? what's that doing early in the going? down four points, that's it. the nasdaq composite, home of the technology companies, it's down 14 points. that's still .17%. apple is at $265. google, record highs last week. this morning it's at $1332. microsoft, record high last week, this morning just a tad shy of $150 a share. market's

interesting if he said don't try to take my money, i'm already giving it away through the bill and melinda gatesollars. that's their business. they can give it away. stuart: i would like to hear a more forceful response to the confiscation policies enhanced by elizabeth warren. ro deirdre: more interestingly, this is giving elizabeth warren a kind of win. she's had the best week she's had in a very long time attacking all of these billionaires. i think any time somebody attacks a billionaire, somehow in this current environment, the attacker looks good. she, by the way, for this wealth tax, raising it to 6% from 3%. ashley: let me just say this for mr. gates. he did say that overtaxing really threatens the u.s. place in the world as the top place for innovation. deirdre: great point. ashley: there was a little crumb. stuart: i'm real glad he got that in. thanks. now i want to get a quick check of the ten-year treasury yield. i bring you this because it's important. the yield is all the way up to 1.92%. now, that is a bullish signal. in part, that's why we've got a stock market that's rallying th