and then neil ferguson will join us. he is out in support of consider. ward to speaking with dr. ferguson about a younger henry kissinger. we will do that at 11:00 a.m. this morning. ♪ tom: what a fun day for "bloomberg surveillance peter: we talked technology, and we will talk henry kissinger with neil ferguson later this morning. vanillaen -- let's do a , howard johnson's report. a weaker yen over the last 24 hours. euro-dollar, 1.13. euro-yen is what the pros look at. 1.3626, so relative euro strength over the past two days. jon ferro is in london. sterling, 1.5454 as well. here is vonnie quinn. deal to chiler you about in the semiconductor industry today. lam research is buying kla-tencor for 10 points if billion dollars. uber's ceo says nearly one third of the rise are in china. reports is dropping its endorsement of the tesla model s. owners are complaining about the electric motor and other problems. a squeaky sunroof and so forth. tom: we have to rip up the script. scott galloway is with us, from new york university. do you drive a tesla? scott: i

neil ferguson has just written a biography on the life of henry kissinger.at to have you on the program -- think you for coming in. when you look around the world, -- you talk about china and interest rates and negotiation. the fact that we don't have a statesman, a political person, who is a beast at getting stuff done, who would you say is the number one guy? jingping was to talk to a western statesman, he turns to henry kissinger, 92 years old, still number one guy in the eyes the chinese leaders. that tells you something. it tells you that he has amazing staying power, and it also tells you that they haven't really found a replacement for him. one of the arguments i have been making recently is that there is an american strategy, if you put it in historical perspective. on henry kissinger's watch, you would never have allowed the russians to become the powerbrokers in the middle east. he would never have allowed the russians and the chinese to get closer together to one another. i think there are some big strategic mistakes being made right now, and the

joining me is neil ferguson, professor of history, his latest book is the first volume of authorised biology of henry kissinger. neil, thank you for joining us on "third rail." >> pleasure to be on the show. >> kissinger is 92 years old. he's not an advisor to the president, which is different to the past. he has not taken to the pages. "the wall street journal," he's written a commentary pretty much disagreeing with everything in president obama's policy. i know you said that president obama set off an explosion of sectarian conflict, by trying to create a new balance of power in the middle east. do you look at the chaos and the violence there now as made in the u.s.a. >> i think that would be putting it too strongly, but let's face it, we - if we go back all the way to 2001, the u.s. bendual um swung from one extreme to the others. and a posture that amounts to - we can't do anything in case it becomes another iraq. that swing of the pendygrass road under obama - that has a hesitation at the beginning of the syrian crisis. you look at the numbers in armed conflict. there's a startli

tom: neil ferguson coming on.rofessor deaton's book, and constant theme across what professor ferguson writes about is that the rich get to write the rules. it reminded me of angus madison and the idea of our inequalities going back through all of western civilization. prescriptioneaton to narrow the inequality of income or inequality of wealth? lots of think there are possible tools that we have if we want to use them. i think this is a lot to do with political questions, which is why the debate is actually so important. that is the debate that we are having. be veryction will important for where people come out on that. fore are plenty of tools inequality. there are lots of things that we could do. the question is whether people want to do them. it is whether our political system can do that. i do worry and i think the phrase that you quoted about worrying about the rich writing the rules. i do not think we are there yet, but it's something to worry about a lot. tom: you were an eisenhower professor at the schoo

neil ferguson joins us right now to talk more about it. it's wonderful to see you.on the book. >> thank you very much. >> how would you characterize president obama's foreign policy? >> well i used to think that he just set out to be the anti-bush, to be the opposite of his predecessor, and that was really the tone of the early speeches. remember the cairo speech in 2009 when he essentially said, you know, i come in peace. i think more recently, it's got more complicated, and it's got a lot messier. i think the president began to toy with the idea that he was a grand strategist and was going to create a balance of power in the middle east. bringing sunni and shia powers into some kind of equilibrium. he's really created an explosion of sectarian conflict right across the regions. and i think now he's been checkmated by vladimir putin, the russian president, who as you said a moment ago, has taken the initiative. it's really the first time since the early '70s that russians have been in a position to play the part of power broker in the middle east. henry kissinger m

that's neil ferguson there on volume one of the kissing jer biography, which brings us to a close. for me and the bbc team, go to twitter. thank you for watching. please tune in tomorrow. >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good, kobeler foundation and mufg. >> because success takes partnership and only through discipline and trust can we create something greater than ourselves. mufg. we build relationships that build the world. >> "bbc world news" was captioning sponsored by newshour productions, llc >> woodruff: good evening. i'm judy woodruff. gwen ifill is on assignment. on the newshour tonight: a historic flood leaves much of south carolina under water. then, this politics monday: hilary clinton weighs in to the debate over gun control. and in congress, a fight over who will be the next speaker of the house. plus, an investigation into the nation's silent mass disaster, when people go missing and their families are left in the dark. >> you can't celebrate a ho

that's neil ferguson there on volume one of the kissing jer biography, which brings us to a close. for me and the bbc team, go to twitter. thank you for watching. please tune in tomorrow. >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good, kobeler foundation and mufg. >> because success takes partnership and only through discipline and trust can we create something greater than ourselves. mufg. we build relationships that build the world. >> "bbc world news" was >> "bbc world news" was presented - odd squad is made possible in part by... - ...a cooperative agreement with the u.s. department of education, the corporation for public broadcasting's ready to learn grant, and by contributions to your pbs station from viewers like you. thank you. - coming up next on odd squad. - something very bad happened. - we compete for the odd squad tube map! - but if any villain got that map, they could crump, boing, pshhh anywhere in the world! my name is agent olive. this is my partner, ag

watch this space. >> neil ferguson stanford university, when does that start?king forward to that very much. >> yeah. nice weather shift. >> nice weather shift. >> that is not my main motivation. [ laughter ] >> closer to the headquarters, though. >> thank you, neil. >> thank you very much. >> closer to pebble beach. coming up, there's a unicorn in the clouds. app direct is disrupting the way companies -- is this unicorn? yep. ♪ they are selling software, raising crazy amounts of cash. i didn't like the song very much. the unicorns, andrew. unicor unicorns. monday, a special conversation with three most powerful people in retail. we talk the future of retail and state of the consumer monday right here on "squawk box"." oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (

in neil ferguson's biography i was struck by how today's mood resembles that of the 1950s. in the 1950s if atmosphere abounded with what seemed deeply dangerous proposals simply designed to demonstrate strength strength and vigor to military confrontations with the soviet union and hungary to the use of nuclear weapons over taiwan. they were outraged that north vietnam and cuba had gone communist while the united states just sat there and watched. in the midst of all these petitions and pleas for action, one man, president dwight eisenhower kept his cool even though it sank his poll numbers. i believe the decades from now we will be glad that barack obama chose dwightizen h eisenh path and not putin's. let's get started. >>> when malaysia airline flight 17 was shot down over ukraine 17 months ago 192 perished. a report was released on how and why its citizens and others died. it said that a russian made buk missile fired from territory controlled by pro-russian separatist is what downed the airline. joining is ukraine's president. thank you for joining me. >> thank you for

>>> on this week's episode of "third rail", the host josh brushing sits with harvard professor neil ferguson to discuss u.s. foreign policy in the middle east. here is a preview. >> we have to have a critique of policy in two administrators to understand where we have got . that's not to say it's the fault of the united states. it's the cause of sectarian is many and varied. the strategic patients, which is the official term for dithering over syria, it has had disastrous consequences. i don't see any reason why that should stop. >> patients with obama go back to the bush administration. they are interventionists. >> that's my point. we have gone from one extreme to the other. we have the results that anyone wants. one of the reasons about writing a book about henry kissinger. there was a time when the united states plained the role of peacemaker and peace broker. in the 1970s, an interesting time in the history of the middle east. at that point the united states tendeded to act to restrain the two parties in conflicts. particularly in the arab israeli conflict. that's the role to play. >> "

in neil ferguson's intelligent and sympathetic biography, i was struck how today's mood resembles that of the 1950s. the atmosphere abounded with deeply dangerous proposals simply designed to demonstrate american strength and vigor. from deposing egypt to military confrontations with the soviet union and hungary, to the use of nuclear weapons over taiwan, pundits were clamoring for interventions and outraged that north vietnam and cuba had gone communist while the united states sat there and watched. one man, president dwight eisenhower kept his cool, even though it sank his poll numbers. the kennedy administration ended what they saw in cuba and vietnam with disastrous results. i believe that decades from now, we will be glad that barack obama chose dwight eisenhower's path to power, not putin's. let's get started. >>> when malaysian airlines flight 17 was shot down over ukraine 15 months ago, 193 dutch citizens perished. this week, their nation released a damning investigative report on how and why its citizens and others died. it said that a russian-made buk missile is what downed t

neil ferguson one of the best minds critically judging the society and putting our politics into an important context whether it be like that economy or our history. the reality is that that is not happening in washington d.c., and i would like to say to the republican leaders who are crying out loud not implore this nonsense anymore because it is absolutely absurd to think there is any benefit there is any advantage in it because right now congress is looked upon as something of a shambles by what? 90% of the population. a lower generating than president obama. . charles: you're right. >> so why not focus? as neil suggestions and the issue is how are you going to run a government? and this is no way to run a government or a country right now. we've seen seven years of absurdity, we're talking about being a deter nation in perpetuity, we continue to persist between $4.5 billion and a half trillion dollars in deficit each year. you don't find your way to promise land that way, you find your way to devastation. charles: i want to echo what you said to neil, i was very lucky to have both of you

and neil ferguson in volume one of his biography of henry kissinger makes that point powerfully. i gave a commencement address a year ago at columbia university, and that was the one piece of address that i made, which is to read history, read a lot of it, read it consistently. i think it's a great contribution to that. my relationship with dennis goes back a long time. i've spent a large part of my career trying to talk dennis into taking jobs. he worked in the bush 41 administration as the middle east negotiator. we then were on the other side of each other. i prepared then governor clinton for his debates in 2008, and dennis was in the white house during the campaign. so we were on opposite sides. nonetheless, we asked, really begged, dennis to stay for three to six months. we turned that into eight years. including one scene where i was in a nato meeting where he was about to leave, and i said dennis, you can't leave. and he said well, i promised -- i think he was coming by here, actually. he said i promised the truss te of the institute. i said picture this. i'm in a hotel r

tom: neil ferguson was with us in our previous hour with his wonderful book on kissinger.n the president comes to the u.s., he still only wants to speak to kissinger. we need a better statesman. david: can it be worked out? one would hope so. tom: you are leaving us in one minute. i want to bringing this back to a european discussion without speaking specifically about the challenges at deutsche bank. do we clear the european banking system? we have seen it in the u.s., less so in europe. david: europe has an additional problem. there is a significant amount of regulatory zeal going on, the rules that we have to play by. the first thing should be to re-examine some of that and to think in terms of the speed at which things are being implemented. and the capital requirements. they are all good things by themselves, but they are something that has to be moderated. that is an important thing. as i said earlier, the difficulty with having a banking system the way it is in europe, the poses for growth, is quite substantial. saying,handlers are tom, get him off the set. david fo

that would be neil ferguson. welcome to the program. >> good to be here.ty. two sides of the fence. two sides of the debate here in america. spend more government money. that will stimulate the economy. cut taxes. stimulate the private sector. which side of the fence are you on? >> i am definitely on the other side. spending more money that is not there. i think that there is one that, to turn this into a scandinavian country. stuart: what do you make of that? >> the kind of place -- stuart: not good role models for the great nation. it must be said to insist that we only get out of here. i do not think the americans are buying this. i think that it is a justifiable skepticism. that is one reason why this argument is ultimately heading in. >> taking the tax plan like some of the candidates, we cut the corporate tax rates. if we do those two things, does that give us 4% growth? >> likely to increase the growth rate. yes, corporate tax extremely high. this over regulates the economy. you have to learn from the reagan administration. i think even more importa