so anyway, i'm delighted to be here at vanderbilt student, president of the andrew mellon foundation. to be in rooms i now go everywhere and it truly a beautiful thing, and, i had a mellon fellowship at one point last year, even before became the president of the foundation. i was giving a talk at the supreme court for black history month and for any age, and at the end of the talk i'm walking to the corridor and sort of looking, remind myself of where i am and realize i wished my mother was alive to be able to say, i'm in the court and actually got to talk, and it's about something else. it as i was walking out the door, several people walked up and it all started to reminisce. the mellon fellowship at some critical stage in the life made it possible for them to finish her dissertation, graduate coursework and to be faculty members all over the united states. when you realize what philanthropy can do, which is to invest in able people through capable institutions and get out of the way. you realize that perhaps that's the greatest gift when you have choices to be made. today i want t

check and meet profit targets since the bank of new york and mellon merged in 2007. bny mellon's stock is up 2.7%. >>> and blackrock is working on a secession plan for the ceo larry fink. this shows the world's biggest money manager is shifting ten executives into expanded roles including rob goldstein to become the chief operating officer in june. fink and the current president will keep their current roles. a spokesman says both made it clear they will be at blackrock for years to come. >>> now the duke and duchess of cambridge have kicked off the start of their official tour of new zealand. accompanied by 8-month-old son george. the family received a traditional merry welcome including a nose press. the three-week tour will span new zealand before ending in canberra. nice british weather for them. >>> still to come on the show, could we be one step closer to finding the missing flight mh-370? the ship searching for the jet has picked up faint signals which could have come from the plane's black box. we'll have more. "worldwide exchange" continuing after this. >>>

." >> next remark some social historian, professor and president of the andrew mellon foundation, or louis. he spoke earlier this year at the annual harry c. howard lecture at the end of the universe on the topic of flat to be, the humanities and higher education. from february, this is just over one hour. >> as historian you always wonder whether not you want to really play with mythology. is something i think the republicans about a story that always is wrapped in some degree of truth, and it gets to be told and retold in different ways and in some ways it is a mythology that combines committees, helps individuals to get into a space that is not really their own space but they get to claim some part of that space by actually understanding the myth. why that color, why that structure, why, whatever. so i will only correct one part of the mythology. i didn't go to the bathroom. [laughter] but it was a case where i was taken by surprise. actually the better part of the story i went to brazil. and my colleagues, we were looking for a new president and i missed a meeting. and literally

you are the president of the mellon foundation. you could shape the direction of our future by telling me the right thing. how would you spend my pennies? >> i would reflect only on my discipline of history, and suggest we invest in a truly global understanding of the past and the present around the world. and get away from that which is important, the hierarchy of topics we have within disciplines. we do not cover africa here, for example, as we should. sitting nextudent to me, a graduate student, who wants to go to graduate school in african history. i have one working in the white house. for four years, i had her major in the history of middle eastern and african history, and come to me to complain she could not do african history has there was only one historian to do it. i happen to be one, but i am not teaching african history right now. we have the largest continent in the world, and one that impacts all of the americas, but we do not investigate it. we still sit within our narrow boundaries. i would invest in pushing collab

anyway, i am delighted to be here at danger built to be the president of the andrew w mellon foundation to be in rooms where i now go everywhere and it is a beautiful thing when someone says i had a mellon philosophy at one point last year, even before i became a president and president basic myth of the foundation i was giving a talk to the supreme court for black history month. at the end of the talk i walked into the core door -- corridor to remind me of where i was, and alive,my mother was because i was in the court, i was about to talk. as i was walking out the door, several people walked up and started to reminisce how the mellon fellowship it is some critical stage in their lives and made it possible for them to finish their graduate course of be faculty members all over the united states. when you realize what philanthropy can do, which is to invest in able people to capable institutions and get out of the way, you realize that perhaps that is the greatest gift when choices to be made. today i want to talk about the humanities and choices. without charts and graphs, although you

we also had our cfo eileen and david and unfortunately or fortunately jim mellone who was one the leadersthat organized the group was away on business in asia was missed. commissioner mike was really one of the initiateors of creating the group and lead the orientation ever the formation this effort and then also richard from the port of oakland who i've known for a number of years but i saw him in a different light he brought the group together and arranged an critical day and chris who was not able to be there but certainly sent his wishes we've referenced this but the california port authority passed a resolution with respect to the california

was actually able to tackle the suspect, and along with the principal from the high school, joan mellon was able to help with that. pretty much momentarily after that, he was able to get there and security the suspect. i can tell you what we saw when we got there a hallway that was pretty much in chaos, as you can imagine. a lot of evidence of blood on the floors in the hallway. we had students running about, trying to get out of the area. subsequently, upon checking and seeing what we had, immediate calls were put out to ems, locally and from surrounding areas, to get there as soon as they could, that we had multiple casualties, as well information put out and requests put out to local and surrounding police departments. our concern at that time was for the injured and those that needed help. i think everything went in a good fashion, ems was able to attend to victims rather quickly, get them either life flighted or in ambulance and transported to a medical facility. we were able to cordon off the crime scene. we brought in our investigators from the westmoreland district attorney's of

we also had our cfo eileen and david and unfortunately or fortunately jim mellone who was one the leaders that organized the group was away on business in asia was missed. commissioner mike was really one of the initiateors of creating the group and lead the orientation ever the formation this effort and then also richard from the port of oakland who i've known for a number of years but i saw him in a different light he brought the group together and arranged an critical day and chris who was not able to be there but certainly sent his wishes we've referenced this but the california port authority passed a resolution with respect to the california lesbian, gay, bisexual, and transgenders group and to make sure we read the entire resolution so all the ports recreation center recognize and all our employees see how important this issue say we embrace all our employees in the diversity of our workforce so where the cappa is comprised of the seaports and dedicated to maintaining the vigorous work in colonel and the port authority has been promoting the interest of the ports and leading the wa

i have been asked by a fellow commissioner, i was and a an employee at the bank of mellone until last august but my job when i was there i'm currently not connected to getting new business so i have no real precipitation. this item we talking about it last time we had a number of legislation stems commission steps we have to take to look at the cf d-7 and 8 and that's looking at the bond document of the refunding number 7 bonds ambassador i'll start real quick i don't have any particular questions on the agreements themselves their relatively standards for this sort of bond deal but i have a question about our overall slate of professional services related to this are we using a professional advisor? hi mr. diego rivera he will >> we're using scott smith. >> hello mr. smith. >> of the advisory. >> was that an action that we took last time. >> no, it was approved under the executive director authority. >> that's explains it. >> we did an rfp after the screening for the cf d experience we selected a subset and give them our responses and choose cf d as the best. >> okay. thank you very

everybody was said carnegie-mellon student in the second version think of the group of students in he is the one who is cheating from the cost-benefit analysis you still learn you can't cheat and get away with it. but this is something people like people we don't like so much. what happens now? what to refine in exceptional with a group that is what leads into this. a funny experiment by own a vending machine. i wrote on the outside $0.75 per campbell on the inside i set it up to be zero. you press the button and get the money back. how many do they take? to they stop after one? or more? >> host: what is the answer? >> a lot of people took three or four. nobody took more than four but that was sensible. >> nominee people called? zero. nobody called. and they said it is cost relative i just restore my karma. yet ising that is curious they call a friend to partaken as well. not just me but to other people are doing it. it you think about a like this. to look in the mirror to feel good. you could do one or the other. either you do good or cheat. to justify we could do both. but as long a

. >> mellon.. >>> baby micros snack on some apples. ♪ >>> steven spielberg, peter jackson all great movie direct, but they have competition from paisley, a 2-year-old french bulldog. as you can see paisley has a go pro mounted to its head. paisley is about to show something we haven't seen on the show before, a proposal from the dog's point of view. >> cool. >> it started out as a photo shoot at their favorite coffee shop. what's interesting about paisley are the angles. i mean, just the vision of this director, getting everything from down below. >> very busy, artistic shots. >> creative. >> very creative. and that lady is michelle, one of pails sley's owners, michells taking a walk and they are going to the waterfront. they live in vancouver. >> another dog. >> they do run into another dog at the seawall, but watch when papa richie drops on one knee. notice the dog stays in the same place. and look the hand over the face as we always see in these videos. >> that dog is very well trained. it did

she's excited he's been the essence of what i can smack mellon the psp meetings periods is like that to pace myself taking a line melanie's got a brand new bike for the big day. it's a sizzling up with a top speed of a hundred and thirty five kilometers per hour. it's a good fight to begin to smell any cannot wait to take it spii want. i do shoots are preparing for the new motor cycling season at the training center north of the main. they teach my kids have to ride safely thousands of motorcyclists dawning on europe's read it every year. the roast chicken dinner to watch daniel says people don't eat raw stone roads are not familiar with stephen says it is gravel on the ground you have to go through it. people often don't know what to do in that situation. the ice a few great deals definitely correction is stupid motorcyclists have to practice making any good at the start of the seas in the coming intel. the funny happens is people going to cost easy to make mistakes because mentally they have been going east a little west again yet. you know. and reaching the summit decide to seek d

the centers for disease control says the liquids in flavors like mellon and strawberry look and smellhild is like eating -- >> that's like eating four or five cigarettes. that could be lethal. >> reporter: and you don't even have to swallow it to get sick. >> you have gotten calls from people while they're filling this thing up, it spills on their skin, and they start to feel sick. >> you can start feeling sick in as little as four to five minutes. >> reporter: a spokesman for e cigarette makers say they want child proof packaging and warning labels and they're working with regulators but he puts some of the safety burden on consumers, too. this is an adult product and should be treated as such, he wrote. responsible behavior should be promoted and endorsed. the centers for disease control all these liquids a threat. poison experts say bottles can spill, cartridges can break, and little hands can get into this highly concentrated poison. elizabeth cohen, cnn, atlanta. >> how do you define success? is it money, is it power? arianna huffington will stop by with what she calls a third me

we ran the six are your experiment at carnegie mellon. the acting student was a student. he was ready university of pittsburgh's pressure. think about the group of university of students. all of a sudden he's the one who's cheating going away without the money. or by cost-benefit analysis can be used to live in this experiment you can get away with it. here's the proof. but you don't get the signal that this is something people like you are doing. in fact come eat at the signal this is what other people are doing. what happened now? cheating goes down. so it really is about what do we find acceptable within our group? i'll give you another example. this is a funny experiment. if they studied more than an experiment. i own a vending machine and for a particular week i fixed the vending machine the following week. i put on the outside 75 cents. but the inside of the machine i said to be zero. so what i have been? you press the button, get the candy and your money back. see here's the question to you. how many candies to people take? to people stop after a while? did they ta

assets of more than $700 billion that are systematically important, bank of america, bank of new york mellon, citigroup, goldman sachs, jpmorgan chase, morgan stanley, state street corporation and wells fargo and company will be covered under this new rule. they are designed to help protect these banks in another financial crisis and avoid future taxpayer bailouts, though the banks argue the rules will curtail lending and saddle them with higher costs. melissa? melissa: peter, thanks so much. so back to the markets. they are alive. stocks back in the green after three days of steep declines but what's really behind all the market mayhem? here our very own charlie gasparino, "barron's" senior editor jack hough and financial advisor jeremy hill. thank you all three for joining us. is it a coincidence that the market started to geoff nervous and see them grow down and when everybody started talking about high frequency trading. anyone? >> i don't think it is at all. if you look what happened to nasdaq volume last couple weeks it is up 18%. i think it has nothing to do with high frequency tradin

the president of the mellon foundation, you could shape the direction of our future by telling me the right thing. how would you invest it? tiffany? >> i would do more to make sure, and this reflects only on my discipline of history, that we invest in a really, truly global understanding of the past and present around the world. and get away from that which is seen more important, the hierarchy of topics that we have within disciplines. we don't cover africa here, for example, as we should. and so i have students, i have one sitting next to me, actually, undergraduate student who wants to go to graduate school in african history. i had one who now is working in the white house, actually, in the commons. for four years i had her major in the history department middle eastern and african history and come to me to complain she couldn't do african history because there was only one historian to do it. now, i happen to be one, but i'm not teaching african history right now. so here we have the largest continent in the world and one that impacts all of europe, all of the atlantic and all of

they were made on an amiga computer in 1985 and were unlocked by the carnegie mellon university computer club and its frank-ratchye studio for creative inquiry, the works were commissioned by the now-defunct commodore international to showcase the computer's capabilities. the art have been extracted and backed up so they can be saved, even if the floppy disks fail. joan rivers refuses to apologize for comparing living in her daughter's guest room with the captivity of three women kidnapped in cleveland. rivers and her daughter discussed their reality show tuesday on nbc's "today" show and she complained about her living arrangements, saying, "those women in the basement in but the the size if in a statemen by her publicist, rivers says it was a joke she made as a comedian. she says the women are free and people should move on. a statement from attorneys for amanda berry and gina [doorbell rings] he what's this? it's u-verse live tv. with at&t u-verse... you can watch live tv from your device. hey. hey. anywhere in your home. [doorbell rings] hey. hey. so you won't miss a minute of the ga

that is what the family of bunny mellon apparently told john edwards when he arrived at the funeral fored politician charmed mellon into donating thousands for his presidential bid. he is believed to use some of that cash to support his then pregnant mistress. >>> absolutely unbelievable video out of houston. the driver of an s.u.v. with two children inside -- look at that! tried to beat thatç train and gets hit. miraculously, unbelievably everybody inside survived. although the two adults and two children that were in the car were taken to the hospital. the driver being cited for running a red light and for going around the crossing gates. should be cited for not being responsible with those kids either. >>> now we're going to go to maria. back to you. >> we'll hold it for a second. it almost looks like a stunt. >> there is a reason the arms come down and it says stop. >> in my town we used to have itç flat. there were so many people that couldn't handle the concept of waiting, so they lifted it up, made a huge arch way. >> i can't handle it any more. let's go to maria molina now. ma

essentials the the wall street outpost in the toys and marched up to the floor of new york bank of mellon which told her mortgage was located and she said can i come in and have an appointment and talk about my mortgage because hundreds of people just blocked the dumpster and i don't think you will be able to foreclose on me so why don't we work something out to the secretary said you can't come in because you don't have an appointment so bursa took a deep breath and her pressed perfect suit, she laid down in front of the board of the office and when the secretary leaned out and said what are you doing, she said if i can't come in none of you people can come out. and she stayed there for a very long time and the next day the bank lawyers called her lawyer and said could you please call off the dogs cutie -- when i met with her on sunday she had just signed the papers to own her home out right for the first time in her entire life. on that trip i saw with my own eyes what i have only heard whispers of. those were in fact liberated blocks on the east side of the forest and i received a 2 or

they have to pay 1.2 million in damages to carnegie mellon over patent infringement case.el will have to continue paying a royalty for producing the disputed technology. >> number nine is clean energy. the americas natural gas highway station will serve ups natural truck fleet. signing multiple additional fueling agreements. number 8, 3-d systems. starting coverage with a neutral rating. they do have potential for a jump in 2015. at 52 dollar price target on the stock. >> number seven, metlife. number one lists. bank of america merrill lynch. the company signed $15 million after a new york watchdog found a subsidiary solicited business misrepresentation to regulators. >> number six, united continental holdings. upgraded from fair to buy at ubs. made that based on accelerated unit revenue growth. a price target of $50. >> number five, medicines company. shares are plunging in the premarket after the fda voted in favor of antibacterial drugs that have the same use of one of the company's own treatments. a patent infringement case was launched. number four, wynn resorts. gett

i was at the bny mellon. when on the boards going to step up to the plate?ou specifically cover the financial sector are so you see a lot of it in the space. beside the boards, what else can be done? they are saying that institutional shareholders need to have a bigger voice. why aren't analysts calling out more of these problems? >> parole and weinberg, thank you very much. the asset management industry is $100 trillion. within that, there is a lot more that the shareholders can do. asset managers like blackrock have been getting more aggressive. >> these guys are, like, ok, as long as i need to the s&p, there you go where the activists are saying i want to have more influence and make a bigger impression and i will do more to accomplish that. what is the difference between the activist and the shareholder right now? >> some of the actions are beneficial to the bank. we saw dan loeb at morgan stanley, which certainly didn't hurt. we saw nelson involved in state street. that helped. but sitting back and waiting for the activists to write in with his white ha

how did you pick them up at carnegie mellon?i was taught to doubt everything to learn the truth of it. sounds crazy. it makes your brain work harder. i would like to know if maybe we should all take it again as adults to see how we would do. >> stop. you would get 800. would we do? how good is the critical thinking is the question? >> you have to fight. >> for those of you taking the sat -- [inaudible] trigonometry. >> i like it. talking banks with robert. ♪ >> good tuesday morning, everyone. right to a data check. quiet screen. quiet market. futures flat. your row still elevated above 1.38. rent crude off the bloomberg, .40 one. elevated hydrocarbons. scarlet fu is back with the movers. >> traffic moving. 12% higher. christopher rowland raising his price target. the other big mover i wanted to highlight was lululemon down about five percent. the biggest drop since january. saying lululemon does not have a clear strategy for opening sales. that is what the takeaway was. >> is it so yesterday? >> they are more expensive. >> they

morgan citigroup bank of america wells fargo goldman morgan stanley bank of new york mellon and state street all the big guys now federal regulators say the new rule is intended to help too big to fail banks withstand losses during periods of market stress the on waited five percent leverage ratio was approved by the federal reserve. f.d.i.c and the office of the comptroller of the currency now requires that the largest banks maintain it well above the global minimum level of capital held against all assets on their books the move prompted industry complaints that less stringent global standards will give overseas competitors an advantage the rule would limit banks reliance on debt in an effort to prevent another financial crisis by twenty eighteen banks must rely more on funding sources such as shareholder equity rather than borrowed money now regulators also said banks must boost capital holdings by a total of ninety five billion dollars and said that most firms are already on track to comply with this new regulation and could meet these requirements by retaining earnings or shrinki

we get numbers from mcdonald's, travelers, united technologies, bank of new york mellon, harley-davidson, lockheed, zeier rove, amgen, gilead, juniper and yum grands. >>> the automaker will soon name mark fields to replace alan mulally. fields was appointed coo in 2012 and was previously northern american sales chief. fields hand been assuming more of ford's day-to-day operations, something he talked about with cnbc's phil lebeau just last week. >> i take over some of the bpr meetings and the daily operations of the company. we're all working as one team, staying focused on this record number of launches we have this year, growing the business both here and in international markets. we're not missing a beat. we're staying focused and doing our jobs. >> mulally who entertained the idea of becoming microsoft ceo last year is reportedly expected to explore taking on another high profile position. ford in germany is trading higher by 1.5%. >>> as we were talking about russia could face further sanctions from the white house has rebels in eastern ukraine show no sign of backing down. more of

given that look, if you can, take a pitcher and the mellon to was that a breakingnews@kron4.com >> theratures are looking at 59 degrees for fremont, 58 for san jose. mid to upper 50s throughout other parts of the bay, daly city is as 60 degrees. we are doing okay, higher bills, mount tam shows that we're not dealing with the default what we were earlier. all that has now pulled back and we're looking at clear conditions. 80 degrees for san mattel, 84 degrees for antioch. it will be warmer that yesterday by a few degrees. especially during the lunch hour. here's a quick look at what we are expecting, we have patchy fog cut early this morning. this afternoon we're looking at 80 degree weather and slight cooling for the weekend. i will break this down coming up. >> the time is 8:18 a.m.. >> here is a live look at traffic. there is a lot bus stop and go traffic, nothing major but it is slow. slow conditions for 680 from concord heading towards pleasant hill. it is packed all way to 24 but after that its starts to loosen up. those of the traveling on the nimitz, take a look on northbound ru

mellon, fort lauderdale florida. caller: good morning. to address wanted was the issue with respect to the democratic call-in complaining that obama had no input into the law. i wish you would tell her that republicans had over 140 members in the law when it was written. secondly, in respect to medicare advantage, why will be cut. people do not realize that medicare advantage cost more than regular medicare. when that program was put into effect, it was supposed to be cheaper than regular medicare, as a result, it is more expensive. why should people with advantage get more medicare payments for individual than those in regular medicare? people wanted, they can paid the extra money out of their pocket. guest: medicare advantage is is whymore and that democrats argue it ought to be cut. the additional payments are subsidizing benefits that are very attractive, like glasses and jim memberships that make these plans popular. those are not essential health care benefits to equalize the government's contributions. launched arers have lobbying

i don't know shooting a water mellon, definitely has an effect but not different than target practicedoesn't make them murderers. clearly prosecution wants to show he had fascination with guns. if i were defense he had a fascination with guns because he was scared around he wanted to be a good shooter so he could protect himself because it was pretty clear he was always afraid somebody would break in his house. jon: diana, this was a man born without fibula, the bone that connects the knee to the foot. that is were the amputation took place. he basically has two stumps. his defense attorney had him take off his prosthetics and walk across the courtroom apparently or horrible across the courtroom without his prosthetics on to show what a vulnerable person he is when he is not, you know, the paraolympic athlete we've all come to recognize. effective, do you think? >> right. more drama, drama, drama. again, who are you playing to? there is no jury here. you're talking to a judge. you need to respect her intelligence here and doing things that are theatrical and over the top are not going

i gave it again in 2005 ask my alma mater and gave it again at the university of mellon and but but thosealways remained the same, the more recent crisis, now it is, it is that. i wanted to start with -- a great deal of importance knowing history, not political science. a great scientist klaus great friends with my husband's, always used to say anything that calls itself science isn't. i think history is absolutely vital especially in this case. russians are very proud of their loan history. they should be. they have also gone through a great deal because of their long history. it has taught them about suffering. i could tell you how do you explain suffering to a people who have not suffered? that is a challenge. that is a challenge. those are some of the things. i will give you the emotional side of things, not the political side. i have been working and going to russia since 1968. i was very lucky. i cannot tell you how lucky i was during that period. i am a private citizen, absolutely private citizen. i thought to know many many russians. i was the first foreigners they had ever seen.

the question becomes as look to this next period and did something the mellon foundation we invest and to be honest, how we begin to actually educate and train the next generation of faculty to be in greater demand of the tool in the online sphere banister today. because i don't think you can actually be effective in reaching into the 20. i mean there are some already here, yes, good. i can see i grant coming my way, grant proposal coming my way. we'll talk, okay. that thirst is there. how it actually quench the thirst is our call and is opportunity. and i hope as the committee in the academy we won't recognize it and small things to large thinks it will be an experiment that will be run and will actually take no to analyze them globally or locally, and five years from now i'll come back and i'll know something different. thank you all for your attention. [applause] >> tonight it on c-span2 its booktv in prime time with a focus on navy seals. >> booktv all this week in prime time here on c-span2. >> president obama and vice president joe biden are traveling to oakdale pennsylvania. the

morgan chase, wells fargo, morgan stanley, bank of new york mellon and state street.s say the new rules would limit bank's reliance on debt. by 2018, they have to rely on funding sources, like shareholder equity instead of borrowing the money. the offering of la quinta holdings was priced at $17 a share last night. >> that values the hotel chain at about $2.1 billion. la quinnta raised $268 million after it was priced below an expect r5i7bdge of $18.21 per share. toyota recalling more than 6 million vehicles world wide for a variety of problems that span nearly 30 models. no injuries or crashes are reported related to the recalls, but there have been two fires related to the engine starters. 2 million of those are here in the united states. others in japan and europe. >> i will do this fast, barry sternlicht, chairman, ceo, you will be able to talk about whatever you want, exactly. you might want to relax cough. put this on. listen to me you will talk about what you want to talk about in a second. this jeb bush thing, number one, it is hard to create jobs, there are h

mellon, fort lauderdale florida. caller: good morning.o address wanted was the issue with respect to the democratic call-in complaining that obama had no input into the law. i wish you would tell her that republicans had over 140 members in the law when it was written. secondly, in respect to medicare advantage, why will be cut. people do not realize that medicare advantage cost more than regular medicare. when that program was put into effect, it was supposed to be cheaper than regular medicare, as a result, it is more expensive. why should people with advantage get more medicare payments for individual than those in regular medicare? people wanted, they can paid the extra money out of their pocket. guest: medicare advantage is is whymore and that democrats argue it ought to be cut. the additional payments are subsidizing benefits that are very attractive, like glasses and jim memberships that make these plans popular. those are not essential health care benefits to equalize the government's contributions. launched arers have lobbying ca