paul mellon. she had affairs but spent time with gay mens, decorators and designed and talented people who shared heir interests and eye for beauty. she was famous for her best friend, jackie kennedy. and they met in 1958. they were introduced be the former dancy star della astaire, sister of fred, and jackie's a sister says jackie and bunny were like i sisters. care caroline kennedy wrote they were like twins, had respect for tradition, and a complete disregard of convention. thanks to her friendship with bunny, -- with jackie, bunny at a front hoe rowe seat of american history. bunny helped jackie decorate the white house rose garden and was there for jackie at every major moment in her life. after president kennedy was assassinates, jackie asks bunny to do the flowers for the capitol this, church and arlington cemetery. bunny was not a federal employee so that role -- she was helped by the army and wrote an amazing account of that experience which i have in the book. when martin luther king was

we have fortunately just received a mellon grant that will allows us to bring this on the record and workshop it at various institutions. we would love to work with you at ucla on this. our most important audience remains the students that we have at our universities. what we have failed to do is to think more systematically about how we can teach in a way that communicates to our students the value of history or the contemporary world that they're facing. so that's one of the issues that we're trying to address as well. >> and that's a very similar challenge the history museum would face, for example. it's not accidental that our mission statement at the national world war ii museum is

mellon says the costs to this point don't include more than 1 billion dollars in legal claims filed byrty owners downstream. coming up at eight.. a northern california man accused of hiding two bodies on his father's property is now charged with murder more dramatic fallout from scandal involving a doctor to usa gymnastics stars, nowan athletic director and an entire board of directors are stepping down. and next bart officials taking action after a rider finds dangerous needles sticking out of seats on a train ((lawrence tease))i'm kron 4 chief meteorologist lawrence karnow.coming up, i will take a look at your 7 details are right after the break. fire fighting is a very dangerous profession. we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show up to a fire and pg&e shows up with us it makes a tremendous

conservative author chris ruddy, who wrote for richard mellon scaife's pittsburgh newspaper, focusednce foster. he would later author a book called "the strange death of vincent foster." ruddy argued that multiple irregularities suggested foster's death had been anything but a simple suicide. >> not only may foster not have committed suicide, he may not have committed suicide in fort marcy park. the body may have been moved. >> even in the early days of the internet, the conspiracy theories unleashed by ruddy and the arkansas project went viral and continue to this day. >> i was back one weekend in memphis. and a federal law-enforcement agent, who is a friend of mine -- he said, "well, i'm convinced foster didn't kill himself, because the gun was found in his right hand, and foster's left-handed. and i said, "now, where did you get that information?" "well, i heard it on tv." "guess what. foster's right-handed." "oh." >> it became yet another, you know, grist for the mill of people who wanted to accuse the clintons of horrible things, including murder, which was ridiculous. >> the se

prohibiting from operating in the state for 10 years, meaning their chapters at penn state and carnegie mellon will be shut down. he was repeatedly tackled during a ritual in the poconos mountains. and the brothers waited more than an hour to get help. >> there shouldn't be a delay and yet there was and afterwards there was a coverup. it's having ramifications for other victims. pennsylvania's attorney general agreed to take over the penn state hazing case that left timothy piazza's death he fell down the stairs after a night of heavy drinking. his parents put out a statement. for meaningful change court systems throughout the country have to take a tougher stance on these types of crime. >>> firefighters in north carolina rescued a cow trapped in 10 inches of ice and frigid water. they hacked into the ice with a chainsaw and shatt etered it wia hammer and put a stretcher under the 1100 pound animal named julie. >> any time life is involved whether it be animal or person we do the best. >> the cow appears to be okay. and the vet checked her out to be sure. >>> still ahead another check of the

whoever and mellon resisted t then roosevelt resisted it. it would not have happened when without 1933 vandenberg pushing it. i think it would have happened eventually. but vandenberg was the catalyst and spark in overcoming roosevelt's resistance at that time. brian: how about nato? henry: nato i think would have happened. again these are all suppositions. but the -- there were two parts to nato. one agreeing to participation. and vandenberg we have to back up a little bit. vandenberg had been -- when the united nations was formed, vandenberg was very protective of the idea of a pan american union. of mutual security among -- descending from the monroe doctrine of mutual security among the western hemisphere nations. he and george marshall went to a conference in rio where they created that treaty that became a template a couple years later for the nato treaty. so vandenberg set the stage for it even though i think it probably would have come. his stamp of approval was crew shafment the second part of nato was -- was crucial. the second par

carnegie mellon, silicon valley. you wrote on nbc think the bitcoin bubble will burst.romote viable digital currencies instead. you believe in the underlying concept but worried that bitcoin itself is a little out of control? >> yeah. this is a dotcom boom version 2.0. we're in january 2010, when the peak was in march and everything crashed. these people are looking for jobs, looking at unemployment soon afterwards. digital currencies make a lot of sense, however, blog sharers don't need this. look at china. china is now transacting 5.5 trillion dollars on digitdigita currencies. they have their own system which acquired lockchain. india has universal payments interface. transacting billions of dollars all without block change. largest will soon be on difgita and we'll sit hearing having lost our investments in big coin. >> i'm with you. people say, i think bitcoin is out of control but the block chain technology is brilliant. do you believe in block chain technology? >> block chain is valuable for doing land records. for smart contracts perhaps. there are limited cases

tonight the mellon building, the loews building, philadelphia library and blue cross river rink showing green lights for the eagles tonight. what a pretty sight. >> it's back to skating weather out there, too. >> right. you'll not lose the ice at the river rink there. it's going to be cold for the rest of the week. and then we warm up again. we've been going up and down, up and down the last couple of weeks. one more week of that before winter returns for -- not for good but at least for a longer period. so there we are. cold couple of days. 50s saturday and. saturday, of course, is a nicer day. then we cool down again monday, tuesday and warm up again next thursday and friday. and by the following saturday, a snowflake in there that ten-day forecast. it's the first real chance of snow and real cold, in the 20s. >> that's our news at 6:00. >> nightly news is next. see you back here at 11:00. >>> tonight, the extraordinary courtroom scene, and the judge who has everyone talking. >> i just signed your death warrant. >>> a disgraced gymnastics doctor learns his fate as the first survivor o

merely aspiring to be property developers like right field in maryland before the fire filled in mellon was working for a property development company slyly named socially conscious capital how socially conscious is it that while serving in public office he was also being wind ten times by dismantling. this guy rich convincing councils to sell off assets to his wealthy clients filled in million enjoy steve's five star lunches with him and pinch pennies from us. to look out the window to the only thing you can look out of block at the school and your state so you would have been really really good as wake up earlier yet i want to go on that one that i saw. there in the uk now. hopefully what happened to be a spray can be a fly. filling crack there with no touching of the paper. i mean one of three things is true i've off after a big middle finger to the people on the if they or if they're crazy want to get out of here and felling up which is what we needed today he said creativity like we need to we need to go now at least to go big money alone bankers have plans to where we live only we

the latest his property developer and others who were just merely aspiring to be property developer mellon before the fire filled in million was working for a property development company slightly named socially conscious capital how socially conscious is it that while serving in public office he was also being wined and dined by dismantling. this guy got rich convincing councils to sell off assets to his wealthy clients filled in million enjoy steve's five star lunches with him and pinching pennies from us. to look out the window and. anything you can look out of luck in the school and your state so you would have been leaving this woke up early yet i want to go on that i want that i saw. during the op now. hopefully what happened to me if they stay. feeling crap. touching up the paint. i mean one of two things. i thought big middle finger.

is a property developer and others who were just merely aspiring to be property developers like to mellon before the fire filled in million was working for a property development company slightly named socially conscious capital how socially conscious is it that while serving in public office he was also be in wind ten times by dismantle. this guy got rich convincing councils to sell off assets to his wealthy clients filled in million enjoy steve's five star lunches with him and pinches pennies from us. he took out the window. and you can look out of luck if the school and your state so you would have been really good as well yet i want to go on that i want that i saw. later in the op now. hopefully going to be a state oftentimes if they. fill in crack. touching up the pay. i mean one of three things is true. after a big middle finger to the people on the a flight or if they're pretty want to get out of here and felling up which isn't really the day he said ok and i like we need to we need to go now at least to go in the big money and land bankers have plans to where we live only we went

this guy got rich convincing councils to sell off assets to his wealthy clients filled in mellon enjoy steve's five star lunches with him and pin up now hopefully what happened to the estate nothing's happened if they are. feeling crack doing with no touching of the pay what i mean one of two things is true i've off after big middle finger to the people on the estate or is doing pretty well figured out a very nice selling up which is why we need it he's ok and i like we need to we need to go now at least to go in the big money alam bankers have planned so where we live only we weren't part of the. local fight against global enemies and structures eight guys have as much money as hostile world because of the systems we are fighting in it doesn't matter if you're in london if you're in their way this and that free. when you have a political clout who are completely convinced that it's the consensus among them that the most functional economic philosophy for society is neo liberalism whereby you have been the big transfers of wealth and redistribution of wealth upwards and the idea that t

joining us is simon derrick from the bank of new york mellon. good to see you, as ever.is. on the face of it, it looks like it looks like it's about the shutdown. you'd expect moderation in the dollar and interest rates. when you start to dig into it, it looks like there is more going on. interest rates are still rising in the us. markets are doing extremely well and the dollar has been falling for 12 months. you start to look for other answers. what you see, particularly over the last month, is a sharp acceleration down since mid—december. it looks like it might be connected to the tax deal, it might be connected to people being concerned about growing fiscal deficit and at the same time you still have a huge trade deficit in the us. you have to go back to the mid—19 80s, the last time we saw these worries in the dollar. yields are high, growth in the us, and it's are high, growth in the us, and it's a conundrum. the dollar is still falling in value. and it's a reserve currency so who is suffering around the world? the australians and canadians have complained, no surpr

before the fire filled in mellon was working for a property development company slyly named socially conscious capital how socially conscious is it that while serving in public office he was also being wind ten times by dismantling. this guy rich convincing councils to sell off assets to his wealthy clients filled in million enjoy steve's five star lunches with him just pennies from us. to look out the window. and you can look out a flaw in the school and you state so you would have been leading this world cup and we're yet i want to go on that one that i saw. now. hopefully won't happen to me if they stay. feeling crap. touching up the paper. i mean one of two things. i think big middle finger to the people in your family or if during her if you want to get out of here any fellow now which is not anything to do he said ok and i like you need to be nice to go now at least the going up big money and land bankers have planned so where we live only we went part of the. local fight is against global enemies and structures. eight guys have as much money as hostile world because it is syst

really look at it there was a two thousand and eleven study from tepper school of business at carnegie mellon university and what they found was that using corn based ethanol resulted in a. twenty percent greater greater greenhouse gas emissions than gasoline and that's simply because you're using fertilizer it's the process and you're tearing up the earth which again brings us you know to which makes mars a greenhouse gases we.

really look at it there was a two thousand and eleven study from tepper school of business at carnegie mellon university and what they found was that using corn based ethanol resulted in a. twenty percent greater greater greenhouse gas emissions than gasoline and that's simply because you're using fertilizer it's the process and you're tearing up the earth which again brings out the you know to which makes mars a greenhouse gases we grow food anymore i would urge or we need to cheaper food we don't need cheaper biofuel they subsidize armors to make food to grow food for people so that poor people can have a vegetable once a very good record rodgers build a good point as a kind of record rodgers don't forget the what is the use of the property over the place we're going to see our full silver dollar to dot com coming up america's lawyer himself like preparatory orders for us to ship some light on a new report by human rights watch highlighting longed for sleep. shadow we practice through something called a little instruction stay true to the. word call it mind your year again better because li

proximate toing carnegie mellon.till looking for -- if you're looking for technology fact -- if you're looking for technology la talent, that would be a factor. selina: what is the process to narrow it down? >> what will happen in the next 10, 20, 30 years. where do people want to live? they will factor in public transportation, cost of living. i think it breaks down to talent. can they find enough talent in that location? the people want to live there --do people want to live there? whatt kurt --selina: characteristics do you think amazon is looking for? >> i think the main thing a size of labor pool and the type of talent. amazon churns through people. typically people have three years or so at amazon. if you're talking about 50,000 employees, you have to take into account attrition for that. toina: what will it take attract people to the city they choose and where are they going to come from? will they be silicon valley transplant, organically grown? this is why education and the university system are so important

>> i was a professor at carnegie mellon. this was back when google was a search engine and did not have android and the other amazing rings the company does -- amazing things the company does. i was approached and my reaction was, why? after spending some time with them and understanding they are in engineering company and they want to solve problems, i joined the company in 2009. we did not talk at all publicly 2011.almost over those seven and a half 2009 to 2016, weep pushed -- we pushed the technology and change the perception of when it could happen and what it could mean. now, i am on a new venture with a new company. >> i am so glad you mentioned it. innovationut aurora and the solution you will be providing. what secrets can you reveal? secrets.re what it has been amazing to see the way the industry has started to embrace this. or many years, this was perceived as science-fiction, as something that could not happen. ran was one of the first people to really understand this and to understand why it was important to mov

for example, pittsburgh next to carnegie mellon. technology talent, that would be a relevant factor. selina: amazon also received proposals from hundreds of locations. what is the process they took to really narrow that down? >> a lot of what they are thinking about is one of the world's fastest growing companies, what will happen in the next 20 or 30 years? where do people want to live? they will factor things like public transport, cost of living. i think it breaks down to talent at the end of the day. can they find enough talent in that location? do people want to live there? what is the quality of life? selina: spencer, what characteristics are qualities do you think amazon is looking for? we have cities ranging from new york, to even suburbs like montgomery county. reporter: the rain thing -- main thing will be size of labor pools and the amount of time. amazon churns through people. typically people only last about three years. if you are talking about thre -- 50,000 employees, they have to have attrition. they need a big tale

on the flipside, bny mellon reported in-line fourth-quarter earnings per share. that they willid almost entirely offset tax cuts with reinvestment. to returning the cash shareholders but reinvesting in the business. looks like traders not liking the news today. elsewhere looking at a hotel deal, wyndham worldwide will buy la quinta hotel franchise for about $1 billion in cash. -- addingbrands like to brands like grand in and others. finally, looking at another chart on the bloomberg. tenure been watching the yield climb, now 2.6 this morning, now at 2.6% at the current time. that means it's momentum is started to catch up with stocks, interestingly enough. we continue to watch that yield curve in the u.s. up today albeit by the smallest of margins, alternating between gains and losses last thursday, earlier up by .4%. apple suppliers rising today, technology the best performing industry group. it is a day a little changed for the stoxx 600. i want to talk about this chart. euro, no longer particularly cheap on valuation metrics. speculation remains long. it sugge

pittsburgh being proximate to carnegie mellon.f you are looking for technology, that would be a relevant factor in the equation. : amazon also received hundreds of proposals, so what is the process to narrow it down? >> what will happen in the next 10, 20, 30 years. where do people want to live? they will factor in public transportation, cost of living. i think it breaks down to talent. can they find enough talent in that location? do people want to live there? selina: what characteristics do you think amazon is looking for? we have a city ranging from new york to suburbs like montgomery county. >> i think the main thing a size -- the main thing is going to be size of labor pool and the type of talent. amazon churns through people. typically people have three years or so at amazon. if you're talking about 50,000 employees, you have to take into -- you have to account for turn and attrition. selina: what will it take to attract people to the city they choose and where are they going to come from? will they be silicon valley transpl

spending time at carnegie mellon for the students middle school programs to teach them various skillst in computer science but stem in general. so what we took away from that is this is how we bonded. but also solidifying the relationships and they still have ties to those they left behind those relationships become incredibly helpful because of the network. it comes down to having that network that is why we call it inside the sisterhood. we are happy to take questions. >> what was your most interesting thing you learned in five years writing the book x. >> i have learned so much i don't know where to begin. silicon valley, where im is really growing up. so all these people starting technology companies in the last ten years are now in their 30s having kids so they trade in the punk tables for paid leave and worklife policies that accommodate working parents and employees who are caring for aging parents. one entrepreneur is ceo of event bright starting in 2006 to very intentionally created a culture we value the whole person. we realize you have issues outside of the house. your own

and a masters in public policy from carnegie mellon. very substantial person who it turns out was required -- there's no way you can tell me our response to what happened to puerto rico was a response to what would happen to one of the lower 48. >> i totally agree with you. >> parts of buildings being blown off. debris strewn throughout the street. trees being toppled. communications are starting to go down. >> hurricane maria, one of the strongest storms ever to hit puerto rico. a total death count still not known. >> i am begging, begging anyone that can hear us to save us from dying. >> she's that rare politician for whom that wasn't hyperbole. people were -- people are still dying. >> if anybody out there is listening to us, we are dying, and you are killing us with the inefficiency and the bureaucracy. >> i mean, she was on my list from the first day we got this assignment. she is someone who i think will stay with me forever. and donald trump really messed with the wrong twitter combatant when he picked a fight with her. >> presid

. >> with backing from billionaire richard mellon scaife in pittsburgh, thespectatorhad begun a nonstopt they internally referred to as "the arkansas project." the initiative began in the days following the death of vince foster in the summer of 1993. but the troopergate article raised the stakes. >> there was a great pushback from the clinton white house and its defenders. one of the lines that was used by the clinton camp is, "if this is really all true, where are the women?" >> it was two sentences buried deep within the article that would prove to be the biggest bombshell. brock wrote clinton had eyed a woman at a reception at the excelsior hotel in downtown little rock. he asked the trooper to approach the woman, tell her how attractive the governor thought she was, and take her to a room in the hotel where clinton would be waiting. while only identified by her first name in thespectator,two short months later, in february of 1994, the world would know the story of paula jones. ♪ on the next episode of "scandalous"... >> and this is paula jones. >> he started to put his hand and sl

chris: i was a professor at carnegie mellon. this was back when google was a just -- was just a search engine and did not have android and the other amazing things the company does. i was approached and my reaction was, why? you're a search engine, why would you do anything in this space? after spending some time with them and understanding they are an engineering company and they want to solve problems, i joined the company in 2009. we did not talk at all publicly until almost 2011. over that seven and a half years, from 2009 to 2016, we pushed the technology and change the perception of this technology, of when it could happen and what it could mean. now, i am on a new venture with a new company helping the automotive world come to terms with this and advance their ability in this space. david: i am so glad you mentioned it. tell us about aurora innovation and the solution you will be providing. what secrets can you reveal? [laughter] chris: not sure what secrets. it has been amazing to see the way the automotive industry has

a live look from the mellon camera. schuylkill expressway is the normal traffic backup it normally is this afternoon. we're continuing to see more typical continues of what you'd expect for the latter half of january. temperatures back down to normal levels. 34 in coatesville. 34 in dover. at the shore points in the lower 40s. but it really is about the wind this time of year. if you get a windy day like we today, it really makes that air feel much worse. so winds out of the northwest 10 to 20 miles per hour. this is how it really feels outside right now. and this is a real shock to the system. after the 62-degree day yesterday, 31 right now in philadelphia for the real feel. 2 23 292 blue bell. 11 in the poconos. here are the next 12 hours. the trend line is down. we are looking at windchills dropping into the lower 20s. you'll need to bundle up for tomorrow morning. i'll have the forecast in just a few minutes. >>> worry in a north philadelphia neighborhood after a barrage of bullets injured four people, including two

i was at carnegie mellon out of pittsburgh, pennsylvania. we went home with a nice job, guys. they got a giant million dollars novelty check. a year and a half later the defense department had a third competition, this one out at victorville, at the old air base there. this time the vehicles actually had to drive on their side of the road not just on the road. they had to stop for stop signs. they paid a bunch of stunt drivers to drive cars around to create traffic the vehicles had to interact with. this was really exciting for us. our team did win this. we won $2 million actually and we came first that year. we got to witness the first robotic car crash so cornell and mit crashed into each other about 3 miles an hour. i guess it was an historic day all around for self-driving cars. >> that environment, as an econom academic environment back then, did you have any sense you would be already at this point we're seeing these things not just in the realm of academics but transform the automotive industry, did you think it would happen this fast? >> it's tricky because back then w

so vandenberg, as a senator from michigan, was working with andrew mellon in the hoover administrationtrying to keep those banks from collapsing. that meant avoiding a run on the banks. how do you avoid the run on the banks? you ensure the deposits of people don't worry that the money is in jeopardy. he pushed that. hoover and melon resisted it. then roosevelt resisted it. it would not have happened when it did in 1933 without vandenberg pushing it. i think it would have happened eventually, but vandenberg was the catalyst that sparked an overcoming roosevelts resistance at that time. brian: how about nato? , i think, would have happened. again, these are also positions. but there were two parts to nato. one agreeing to participation. with vandenberg, we have to back up a little bit. was the united nations formed, vandenberg was protective of a pan-american from --issenting descending from the monroe doctrine. they went to a conference where they created that treaty that became a template a couple of years later for the nato treaty. stage forerg set the it, even though i think it proba

there at that factory in pennsylvania but this just crossing right now, coming in, bank of new york mellonncing it will raise wages for 1000 of its employees. this as apple says it will create 20,000 new jobs and bring back billions of dollars overseas. they're all saying you know why? tax reform. this i will tell you is a big win for our economy. it's a big win for america. millions of americans are already seeing the benefit of this tax plan. looking at companies giving out bonuses. we haven't seen wages go anywhere for three decades. this is my concern as we watch the fed do what it has done in the last eight years. wages were going nowhere. now fine ally they may be moving up. that is good fundamental indicator. joining me investment strategist keith fitz-gerald. keith, good to see you. >> great to be here. isn't this exciting stuff? this is great stuff. trish: i guess you are. it is great stuff. how nice we can talk about good news for a change, right? does it continue? >> here is the thing, you get, you get government out of the way, lo and behold money does what it is supposed to do

to the depression a little bit about how he interacted with president coolidge particularly, and mellon. i want to read something that you wrote or a quote of lou hoover's, mrs. hoover's, because president coolidge, who i will be representing for the minute, was a much more silent type and it was a little unnerved when hoover would come around and show how effective and knowledgeable and modern and good and popular he all was, and it was clear that hoover wasn't going to stop at commerce, right? and, well, what about coolidge? he only was elected his first time -- was going to have two terms or was hoover going to take -- so this is there between the two men, very different types. mrs. hoover, and i have never seen this before, you undug this, heard rumors that hoover was pushing coolidge, commerce secretary was pushing the president a little too much, and she said, daddy is playing ball in a team, she wrote in a letter, in a family letter. whether anyone persuaded him to run for the presidency or not, he certainly would not do it directly or indirectly while calvin coolidge was still a

, his career has included in the publick and private sector and a faculty appointment at carnegie mellon university. this year, harvest of american racism will be published by the university of michigan prep. his comments will draw on his experience in the kerner commission and controversy surrounding harvest of american racism. elizer. begin with z thank you for coming and putting the panel together. it is a pleasure to speak on this topic. until year ago we had a president that understood the need to address the problem of institutional racism that had been broadcast to the entire world through smartphones and criminalf a racialized justice system. we now have a president and republican congress who shifted the agenda towards the theme of law and order and away from policies that were under 2016.sion in 2015 and this is not the first time we have seen this. when questions over race and policing were front and center in 1968, the federal government failed to take the steps necessary to make any concrete changes. the government understood how institutional racism was playing out in the c

, his career has included in the publick and private sector and a faculty appointment at carnegie mellon university. this year, harvest of american racism will be published by the university of michigan prep. his comments will draw on his experience in the kerner commission and controversy surrounding harvest of american racism. elizer. begin with z thank you for coming and putting the panel together. it is a pleasure to speak on this topic. until year ago we had a president that understood the need to address the problem of institutional racism that had been broadcast to the entire world through smartphones and criminalf a racialized justice system. we now have a president and republican congress who shifted the agenda towards the theme of law and order and away from policies that were under 2016.sion in 2015 and this is not the first time we have seen this. when questions over race and policing were front and center in 1968, the federal government failed to take the steps necessary to make any concrete changes. the government understood how institutional racism was playing out in the c

century and time since, in 10 years, he has continued to study the fed from his position at carnegie mellon long, deep understanding of fed policy and what needs to be done for the fed to make a contribution to the economy to help hold inflation down and provide the kind of monetary stability we need to have a stronger economy. he would be a terrific addition. i do think so much that he will be a hawk or a dove. he has look at the data to deal with, and the main think he needs to understand is that the fed issa maintain its credibility. with the public and financial markets. wholieve he will be someone will ensure that will take place if he is on the board of governors. betty: thank you for joining us. always great to have you with us. yvonne: there you have it. he thinks that marvin good friend is going to be -- goodfin, is going to be very good. our global economics policy editor kathleen hays. coming up next on daybreak asia, more insight into the fed decision after janet yellen -- and a preview of the indian budget. stay tuned for that analysis. this is bloomberg. ♪ in :00 a.m. in hong

i was at carnegie-mellon, and during that time, i start to freelance in social-media marketing, and peopleou get that?" i realized how inaccessible african prints and textiles were to people in western markets. -right. -so i started with about a $500 investment, and i was able to turn that into over $2 million... whoa! ...in sales in under 2 1/2 years. [ applause ] thank you. -wow! -that's amazing. -thank you. -okay. so, explain, if i'm a designer and i want to be on your site, what is the financial relationship? so, we charge a 17% flat commission to be on the marketplace, and then we also charge a monthly fee of $50. and how many visitors do you have to the site? monthly, we have about 120,000 visitors. -good for you. -so, now the question. that's fabulous. last month, what did you do in revenue? monthly, we're doing about $220,000 in sales, so about $50,000 in revenue. so you make $50k a month. mm-hmm. that's basically off of your commission. -yes. -right. so, basically, you have no risk. -yeah. -which is brilliant. -yeah. -but let me ask something. there is a risk. you know, when women

because of all of the gilded age money, the carnegie mellon and frik money at the turn of the sep -- century in pittsburgh, h there were two public high schools, and they did not have this term magnate schools, but that is what it was, and at the time, they were the most erica. expensive public high schools ever built in america. admitte they both admitted not huge numb numbers, but maybe 10% of the class black students from the very beginning of the 1910s andi 1920s. it was a huge value. literacy and musical literacy and that is how they produced sr billy jay and so many jazz musicians, because there was a cultural music appreciation and competition in f pittsburgh. ws and so, our friend up at harvard says that we used to be the what people of the book, and he means not only just like the bible, sh butin also and what happened? and so, i think that is something did happen. however, i still see, and i see it, and we all see it here in new york, even in the poorest communities, if you have parentt s or a grandparent or an aunt or uncle who really cares about you having an education is