the fact that 23% of black babies were born out of wedlock and be warned president johnson in his moynihan report, which is called "the negro family: a case for national action." he told president johnson if we don't do something about this, you're going to see generational poverty and crime developing within the black race because tilt that moynihan found the broken family emerging among black americans, he also saw an increased dependence of black women in single family homes, and they were the head of the homes, dependency on welfare. fast forward to today. 72% of black babies are born out of wedlock and you gook to brookings institute or heritage and all the database the same on theft and right. a child who is born into a single parent household has about a 70% chance of growing up in poverty and knock getting an education. so, i really want black americans to think -- this is an important election -- who is really talking to you about what policies they're actually going to implement to get you jobs. not making promises like hillary clinton and bernie sanders, on records -- both of th

. >> moynihan is best known for breaking the story on fabrication. to put it another way, he is unknown. >> that's true. >> columnist at the daily beast. >> and his punch lines hit harder than at a family reunion. let's start the show. >> read his lips, no funny hats. ted cruz was the big winner in wisconsin on tuesday despite refusing to wear a cheese head hat. earlier in the day while touring the mars cheese castle cruz's daughter did something unscripted. >> that's awesome. it is a little spicy so you may not like it. >> would you like to try some cheese? >> she doesn't like jalapeno. >> she doesn't like jalapenos and he doesn't like funny hats. someone asked the question on everyone's mind. >> there is an iron clad rule of politics which is no funny hats. any hat is defined as a funny hat. michael due caucus -- michael dukakis demonstrated that. i will cheer on the hats of others. >> makes sense. i think if this cheese head video had gotten out before the election, it would have doomed him. >> game over. well i would as well. what if they remove

moynihan, i feel like europe is worse than the u.s.ith this stuff. >> well, most of the backlash has been in the u.s. and not france. in drove me crazy, and to their point by the way, i thought about writing about this, because i have written a lot about it. >> and you said, i am going to write about this. >> well, no, to charlie hebdo's point, i didn't, because i did not want to deal with, and i wanted to defend them, and not the deal with the backlash to be honest, and i'm being a wimp and i don't have time for it at the moment, and the editorial is not a great editorial, but the premise of the editorial is that when we back away from the criticism, the if it is, you know, this person wearing a head scarff or this person is a iinge won't serve bacon in the restaurant, fine, fine, and we will adjust to it, but it ultimately e lead lly to being everything, but the idea that it is an islamicphobe thing is absurd. because when you asked if anything changed, no, nothing has changed, and there has been a concerted attack since there were b

but i feel like it has kept us impoverished as a raise and when you look at in 1964 daniel patrick moynihantalk about this in the book, he said he was disturbed by the fact that 23% of black babies were born out of wedlock and he warned president johnson in his report, which is called: the negro family, a case for national action. he told president johnson if we don't do something about this you will see generational poverty and crime develop within the black race because at the same time moynihan found a broken family emerging among black americans he also saw an increased dependence of black women in single-family homes. they were the head of the home and dependency on welfare. fast-forward to today, 72% of black babies are born out of what-- wedlock and you can go to brookings institute or heritage and all of the data is on the same on the left in the right. a child born into a single parent household has about a 70% chance of growing up in poverty and not getting an education. so, i really want to black americans to think this is an important election and who is really talking to you ab

hillary clinton traveled to upstate new york to the farm of senator daniel patrick moynihan, who wastiring. >> i care deeply about the issues that are important in this state. >> her husband left office as president with 60% plus approval ratings. >> she officially established an exploratory committee looking at running for moynihan's seat. >> hillary played it very smart. she didn't come into new york saying i know it all. she came in saying i'm doing a listening tour. see what new yorker's really need. went right to upstate new york. >> she really listened. a classic clinton thing of kpin kbirning with political chops. >> yes. i intend to run. >> in february of 2000 she formally declared and ran against a formidable foe. rudolph giuliani. it showed real guts. critic wos have loved it if she had lost, but in may the new york mayor suddenly dropped out due to medical problems. >> this is not the right time for me to run for office. >> and a republican from long island ran against hillary clinton. in a debate, he got aggressive. >> i want your signature. i think everybody wants to see

daniel moynihan said, pat moynihan said, we arrive in new york like rats, not like princes. laguardia is a joke. travel anywhere in the world, japan, china, south africa, beautiful airports. beautiful train systems. 200, 300 miles an hour without making a sound. you can put your coke on the tray and it doesn't move. in this country, it's the wild west going from new york to washington. it's a disaster. and that is the real problem. you've got the heart of it. if we can't build, we can't live, and we can't grow. that is a problem for both political parties. for different reasons. one isn't trusted with the money, and one has stopped offering to do anything in government. and that's a problem. >> wow. >> chris matthews, you're brilliant. chris, to the point that you're making, i think to the point that brian was making, trump's appeal around this is, listen, i'm a builder. therefore i'm get it done. don't think of me as a republican on this issue, republicans have been so against any infrastructure investment, particularly in the obama years, because it's been an obama/biden p

moynihan,niel patrick who lived on capitol hill, dislike a lot of the modern architecture that was going on. and during the winter when they were working on the building, they actually covered it with spring, theyn the took the plastic down. and the senator introduced a resolution asking to put the plastic backup. frankly, people have got used to the building over the years. it is a comfortable building. unlike the russell building that has an open-air courtyard, the hart building has an open air at three him. it is a great space all year round. but it was a desperately empty space. when you first came to this building before, and think of the constructive in the afternoon, it was just a vast, empty space. they knew that they needed something in there to fill that space. was commissioned to do something specifically for .he space in the heart aetrium and he created a comment that but they hover over the mountains. they refilled the space and created a nice area for all the class pictures. that was constructed in the 1980's extra u.s. senator named nicholas brady from new jersey who raise

n when she decided that she wantee to run for the state that daniel patrick moynihan was vacating, aeat that was at one time foror robert kennedy, heaven and earth was moved to get congressman kneel loudon countiry out of the raisin clear the raise fore hillary clinton.y new york voters even though they did elect hillary clinton havehe always had an odd relationship r with her. she has claimed them as her owne but i don't know that they've claimed her as her own. she can claim chicago, arkansas. the idea of new york state was hillary clinton's home turf i thought was problematic from the start. bernie sanders is from brooklyn. he ties. i'm not that surprised she is is the position she is in. i think it will be very damaging to her if she gets into a situation in knock what she's looking at potentially is going to happen in wisconsin in then next couple of days. as much as bernie is going to give her a run for her money in new york, she's running these advertisements already justemen governor christying after trump. let's take a listen. new york, 20 million peopleeopl strong.st no, we

let's ask our monday party panel, jimmy faella is here, and michael moynihan. also pod cast host. fifth colony. >> yes. >> these -- so, welcome. >> great. >> thank you. >> great week, great night, let's talk about spike lee. susan si -- sarandon. bernie sanders supporters are they trying to annoy hillary clinton voters to death. >> they are huge stars, i wonder where charlotte ray. is i really, i can't stand george clooney now that i saw this clip, i read it before. did not realize how horrible, by the way you say, i'm not some corporate chill, if everyone time i go to europe, there is a billboard of you drinkingness presso you are corporate chill. >> when american actors go overseas. >> you used to be able to get away with it preinternet. but, this every is confused about supreme court, donald trump talking about suprem court, laws and other, but, that drives me crazy, nobody knows what they are talking about, when you talk to people like this, they will say, that roe v. wade is settled law it was settled by the supreme court. well, shall we not extend that to certain other cases

so, behind there, you've got jamie dimon, you've got john stumpf, and you've got brian moynihan.at the results of those three banks from the last couple of days, who do you want to take -- who do you want to hook up with out of those three companies, given what you saw? >> hook up with, kind of a loaded term there. but it would be jamie dimon, because he seems to be less rate-dependent than the other two guys. >> so, that's the best -- that report was better than wells fargo or bank of america? >> yes, because they were able to make more money in this rate environment than the other guys can. and look, bank of america's ideally set up for more rate hikes. if we knew before rate hikes, then i would date brian moynihan. and i'd hook up with john stumpf. i have a man crush on the guy. >> instead of the three, let's throw in larry fink as the special bonus date. would blackrock be more -- would you rather buy that than the other three? >> no. i think larry fink's fabulous, but these companies -- look, you get four rate hikes, geez, bank of america's going to quadruple what makes and

moynihan. >> your 11-year-old self called and it wants its prank phone calls back. an absolutely necessary article chronicles the long history and the slow death of the prank phone call. since the advent of the telephone children ages 11 to 15 have delighted in the practical joke. in the thiepts and 2000's they were exploited by the jerky boys and charlie rose. but alas, those days are dwindling. caller id has lead to the down fall. we here at "red eye" salute you. may your rein run like your refrigerator. do you remember that one? ken gnaw dye -- kennedy, you did some prank calls. >> when it was raining in oregon for eight months you would hole yourself up in your best friend's closet and we would call and pretend to be old people's grandchildren. there is one man who answered his phone every time and we were relentless and egley, wherever you are, sorry. >> ben, did you do the classics? are there any walls there? how the hell do you keep your roof up? that kind of thing? >> the one i did and it was probably one of the few or only ones, i was in afghanistan and --

it was dana patrick moynihan who said, "the most step will place in the history of mankind." what did it actually look like? at street level it had changed surprisingly little. during the great depression the buildingcycloptian projects of the 1920's had been effectively stalled. there were the bridges built by the new deal order for which the so-called master builder robert moses is often given credit as if you were an independent force of nature, and perhaps he was. would haveally -- been built without fdr who loathed him and laguardia. here you see the celebration and the faces of a multicultural city. the italians of little italy on v-j day. living among scenes were effectively unchanged for the last half-century. lovely to be remarkably altered and transformed by the suburban age that was approaching. here is something entirely different, but these are exactly the soldiers you would've seen returning. --s was still a nomination and urban nation. these counties including new york constituted a nation that won the war. -- perhaps itme can be calculated now my computer. in

liberals were daniel patrick moynihan, the senator from new york state, senator henry jackson, scoop jackson, of washington state, john f. kennedy. here is a test. all your listeners, all your viewers should take john f. kennedy's inaugural address and hand it to a college student that they know. not with the title of the president. say this was an inaugural address given by an american president. was it a republican or a democrat? and i am willing to bet that 90% would say, oh, this is a republican. because every theme in it, much of the themes -- he believed deeply in lowering taxes to stimulate the economy. he believed america had a moral obligation to fight anywhere at any cost for liberty on earth. those aren't ideas that are held by the left. those are ideas that were held by liberals. >> host: dennis prager is our guest. nationally-syndicated talk show host, author of about seven books, co-founder of prager university. gaye in upland, california, you are the first call for mr. prager. go ahead, gaye. >> caller: hi, thank you very much. wow, where to begin, mr. prager. i am mos

. >> she established an exploratory committee to look at running for moynihan's seat. >> hillary played into new york like i know it all. she came in saying i'm going to have a listening tour. i'm going to learn what new yorkers really need. she went right to upstate new york. >> she really listened. it was a classic clinton thing of combining real policy connection with real political chops. >> yes. i intend to run. >> in february of 2000, she formally declared and ran against a formidable foe. it showed guts. her critics would have loved it if she lost. in may the former new york mayor suddenly dropped out due to medical problems. >> this is not the right time for me to run for office. >> rick lazio, a congressman from long island ran against her. he got aggressive. >> i want your signature. everybody wants to see you sign something you said you were for. >> a very dangerous to get aggressive as physically aggressive even just in appearance toward a female politician, particularly if that politician is as shrewd as hillary clinton. >> if trump is smart, he will watch the tape of that

that was a tradition established by her predecessor, democrat daniel patrick moynihan in his senate reelection campaign in 199 , had he won 67% of the vote. that's what winning big in the state of the new york looks like. two thirds of the vote. millions, millions of votes. last night donald trump did not win enough votes to be elected mayor of new york city, but he did get a lot closer to the republican presidential nomination. >> we don't have much of a race anymore based on what i'm seeing on television. senator cruz is just about mathematically eliminated. >> ted cruz is doing everything he can to keep the race alive. today ted cruz made a late addition to his schedule stopping at the spring meeting of the republican national committee in florida. time is reporting that several staffers met with members of the republican national committee to make the case for ted cruz as the party's stronger republican nominee. here is ted cruz today. >> what is clear today is that we are headed to a contested convention. nobody is able to reach 1237. i'm not going to reach 1237, and donald trump is not g

pat moynihan, historically, there have been some great fights. >> that's true, but independents rightre the -- i work for independent journal review, our readers, our staffs. >> lower case "i" or lower case? >> it's upper case "i." they're really struggling with this. if anything, there might be some reform. oh, my goodness with, my hands are tied, i can't vote. the vastest group of voters in the country. >> you probably know this. >> these closed primary have said weighted to the back half of the calendar. so far, it hasn't really been a problem. there's only been three closed primaries for the democrats. arizona, florida, louisiana, bernie sanders. >> and nobody new york -- >> this is the biggest fight in new york since jerry brown lost to bill clinton in '92. >> of the 17 upcoming contests, nine are closed primaries, including four out of the five biggest by delegate count. >>down, it's interesting to watch the ark of this campaign, the contour of it, you know? so bernie has a run and eight last night, including democrats abroad. this reminds me of early campaigns, like ted kennedy

daniel patrick moynihan left with us benign neglect. do you think it was benign neglect or as i posited did someone make a value judgment that they just weren't important enough? they were just less than worthy of clean water. >> that happened. the latter happened once the switch was made. and flint residents were screaming bloody murder that something was wrong. once they were complaining about what was wrong and they were ignored they were dismissed, they were attacked. that was because they were seen as dispensable. but the reason it happened in the first place is what makes flint totally different than all of the other lead poisoning stories looking at around the country that all the other infrastructure stories of water related or not. the way it happened is very specific to flint and very specific to michigan. and that is, that michigan has an incredibly radical structural piece of governance that no other state has which is that if your city is poor and more often in michigan if your city is black, it mean that is you are a major

one generation but many generations and it started happening in the early 50s when daniel patrick moynihan who was a democratic senator and the case for national action is the form of it. he wrote to president johnson and he said well, i'm concerned here, he has been alert and you have 23% of black babies being born into homes without fathers and i am seeing a rising increase of black women on welfare. so that an amendment and into jail. so passport today and the problem has only gotten more acute. and this is basically a federal government program that was actually going to teach black men how to be men. we need to be teaching abstinence programs and personal responsibilities. i disagree that it's about social economics.so their p and we have those individuals that are not taking responsibility for their lives. so they keep voting for a party that continues to keep them in a part of this. book. >> every time i present the issues the way you present them, i get called every name in the book. t you now, and i am not going to repeat that. i present that an ideal in data and fact. i cannot be

bank of america's cost cuts exceed estimates but brian moynihan sees room for more.s dropped in first quarter as revenue declined almost 7%. saw profits fall as the firm set aside more money for sour energy loans and expenses. we've got more on that in just a moment. we will be back. ♪ alix: scarlet: this is bloomberg markets. i'm alix steel. i'm scarlet fu. we got insight today from the federal reserve of atlanta president today. exclusive interview, he said while there are enough said meetings for two or three more rate moves, he would not advocate for a hike this month. >> i don't know what the committee will decide. i know there will be opinions on whether to make a rate adjustment. based on what i have seen, i'm not going to be advocating a move in april. kathleen: are you saying it would be good for inflation to overshoot its targets for a while because it has undershot for so long? the implication seems to be more even longer time before the next interest rate increase. to havei would like us a soft landing around 2% and then sustain something around 2%. that

liberals were daniel patrick moynihan, the senator from new york state, senator henry jackson, scoop jackson, of washington state, john f. kennedy. here is a test. all your listeners, all your viewers should take john f. kennedy's inaugural address and hand it to a college student that they know. not with the title of the president. say this was an inaugural address given by an american president. was it a republican or a democrat? and i am willing to bet that 90% would say, oh, this is a republican. because every theme in it, much of the themes -- he believed deeply in lowering taxes to stimulate the economy. he believed america had a moral obligation to fight anywhere at any cost for liberty on earth. those aren't ideas that are held by the left. those are ideas that were held by liberals. >> host: dennis prager is our guest. nationally-syndicated talk show host, author of about seven books, co-founder of prager university. gaye in upland, california, you are the first call for mr. prager. go ahead, gaye. >> caller: hi, thank you very much. wow, where to begin, mr. prager. i am mos

what does brian moynihan try to accomplish?at nothey have that they do have a jpmorgan? a thundering herd of merrill lynch financial advisors, which, if you think back to the dark days of the crisis, it was one of the reasons the bank of america was interested in buying merrill lynch. will be interesting what they say about the department of labor's judiciary roll and if they are changing anything. they are studying the effects of that. that is a different business model. the bank of america bought countrywide to become big in mortgage lending, but they have not then as big as j.p. morgan. tom: trading is down 17%, that is a good indication. francine: if it is fixed income or better than expected, like jpmorgan, the first reaction for share price is iffy. a lot of it has been priced in because of yesterday. comparison with the bank of america, jp morgan, morgan stanley. over thein lockstep last four weeks. is that surprising? .hristine: no everyone has been looking for a gloomy outlook for the trading business and the investmen

income is a good idea, a left-wing idea that mystified anybody and everybody and came out of pat moynihan working for him. it was insane politically because, what if you win? ronald reagan actually played a little-known role in defeating the guaranteed income which might've passed otherwise. but having done a work early version in california, he came to washington and testified in the senate against it and said, in a commonsense way, well, you cannot people not to work because no one would work. i know i wouldn't. [laughter] >> and, he didn't. [laughter] >> the thing i would say with these liberal achievements, this was the 1960's. public opinion was in a much more liberal place. he was the first president since 1848 to take office with the opposing party in control of both houses of congress. now it has become fairly routine that we have had divided government, but he sort of seeded a lot of this to democrats in congress because foreign policy is what he really cared about. i think this gets us to another distinction when we rank presidents, the difference in the president and the presid

our late colleague daniel patrick moynihan of new york once said that everyone is entitled to his own opinion but not his own facts. the minority leader recently offered a similar axiom when he said that quote -- quote -- "nor how many times you tell a falsehood, it is still false." democrats and their liberal allies are telling them real whoppers. the minority leader, he can, has said that the senate's obligation to hold a hearing and a floor vote for president obama's nominee is -- quote -- "in the constitution" -- unquote. he has made that claim in different forms here on the senate floor more than 40 times. i understand that democrats want the senate to confirm the president's nominee to the scalia vacancy, but i cannot understand why they would put all their eggs in this completely fictional basket. as falsehoods go, this one is especially easy toexpose because the constitution obviously says in a such thing. this is why the "washington post" fact-checker called the democrats' claim that the constitution requires senate consideration a politically convenient fairy tale. one of th

who was a democrat senator worked for president johnson, he wrote the moynihan report.the family is the formal term of it. he wrote to president johnson when he was an assistant secretary of labor. he said i'm concerned here. houston, alert, alert. you've got 23% of black 80s being born into homes without fathers and i'm seeing a rising increase of black women depending on welfare. seven men going into jail. fast-forward to today. the problem is only gotten more acute and president obama solution was my brother's keepers program. it was more coddling of young black men. this is basically a mini program i write about "con job." the federal government program that would teach black men how to be men. that's the responsibility of the parent. we need to be teaching abstinence programs and personal responsibility. i disagree with a collar that it's about socioeconomic. yeah, it is about more than that. you have more black americans not taken responsibility for their lives. it is never going to change and they keep voting for a party that continues to keep them in the state o

moynihan. that is the story. they have the best tech. the best tech. >> speaking of that, how about this bloomberg piece. they're cutting out airfare, hotels, entertainment. >> what are they doing there? >> they've done a lot on transitioning to younger bankers. >> that's right. in his letter in the annual report, blankfein and he focused in part on how they've been able to reduce expenses and reducing head count. they've done that, but apparently there's a lot more. >> when i worked at goldman sachs and the professor at bucknell, i had dinner the other night, he's a great professor. when you submit expenses, you travel. hotels. i mean you try to find the cheapest hotel. i was a motel 6 guy when i was on the road for them. i was going to syracuse and i was like, do you have any roadways? >> here, roadways? mcdonald's. >> you weren't sharing rooms like they do at walmart. >> no, but you did not do -- i mean if lloyd blankfein looked at my expenses, he would say, cramer's good. he takes the subway, the rocket up town number black car for c

. >> a week ago i visited a museum and there i found very interesting quote from daniel patrick moynihan who said that if the newspapers of a country are filled with good news, the jails of the country will be filled with good people. i think that if we talk about the situation with media in russia, media is also the part of society. so i cannot till any that is not in common of things that have been said so we have three part, tv, radio, and newspapers. of course we have internet that is around all of these parts. we have so-called state champs. some of the jokes that all of them are first channels because if we try to tell you some details of the content of our state channels, i can remember a raped girl, a boy and they lent shadows of the skin of them, grandfathers of liberals. it's -- here are the things that people say from that this craze. so they got another page of the story of media after russians invade crimea because i asked mr. daniel, alexander daniel who is the son, what was the reaction of society when soouf yet troops invaded czechoslovakia and he answered "you cannot ima

>> daniel patrick moynihan said if you want to build a great city build a great university and wait 100 >> i with the progressive policy institute you required -- a job for those who don't have the degree but the skills that our relevant can the panel talk about that information failure others include those who never get the resonate seen or serve their time as felons. >> that is part of what we are trying to take on and to do some good work on some of these issues where the information comes from. but it is possible to take that biotech job which has done some interesting work that requires a college diploma based on what people are doing and what they say they need to know. they found most of those little skill jobs that lead to a great career path could be done by somebody with an associate's degree into biology courses. there are others of jobs like the executive assistant job where 20 percent have a college diploma of that 60 percent of the postings require a college diploma. it is hard to believe it has changed that message -- that much but with that new spreadsheets you can revea