neil ferguson, professor of history at harvard university remembers talking to veterans of the war. >ed to be told that the mission was aborted must have been a shattering blow. >> the iraqis of course could not leave, but many of them found another foe. >> many of them ended up working with isis to create the force that ultimately came back and invaded that part of iraq that they helped. >> in egypt, president obama had supported the overthrow of the american leaning hosni mubarak, and thought that when a new government was elected with mohammad osny. >> i have come to alexandria to are reaffirm the strong support of the united states for the egyptian people, and for your democratic future. >> this is hilariously wrong in the egyptian faith, because the muslim brotherhood turned out to be the most extreme group capable of winning large numbers of votes. >> and so once in office, he had unlimbed powers and instituted shariah law. >> and so egypt with welcomed the ous ster of mubarak and mors morsi. >> yes, and this is hope and change not coming to fruition. egypt engaged in kchaos, an

neil ferguson, a professor of history at harvard university remembers talking to veterans of the war. had turned it around. to be told the mission is being aborted must have been a shattering blow. bret: the iraqis, of course, couldn't leave. some found another cause. >> many of them wound up eventually working with isis to create the force that ultimately came back and invaded that part of iraq that they helped and hold today. bret: in egypt, president obama had supported the overthrow of america leaning hosni mubarak, and his administration applauded when a new president was elected. the muslim brotherhood's mohammed morsi. >> i have come to alexandria to reaffirm the strong support of the united states for the egyptian people and for your democratic future. >> this was hilariously wrong in the egyptian case, because the muslim brotherhood turned out to be the most extreme group capable of winning large number of votes. bret: once in office, morsi granted powers and imposed constitution based on sharia law. egypt welcomed the ouster of mubarak and morsi. >> egypt was a classic case

neil ferguson, professor of history, remembers talking to veterans of the war. >> they had turned itto be told the mission was being aborted must have been a shattering blow. >> the iraqis, of course, couldn't leave. some found another cause. >> many of them wound up eventually working with isis to create the force that ultimately came back and invaded that part of iraq that they helped and hold today. >> in egypt, president obama had supported the overthrow of america leaning hosni mubarak and his administration applauded when a new president was elected. the muslim brotherhood's mohammed morsi. >> i have come to alexandria to reaffirm the strong support of the united states for the egyptian people and for your democratic future. >> well, this was hilariously wrong in the egyptian case because the muslim brotherhood turned out to be the most extreme group capable of winning large numbers of votes. >> once in office, morsi granted himself unlimited powers and imposed a constitution based on sharia law. egypt, the administration seemed to welcome the ouster of mubarak. >> yeah. >> and

to neil ferguson, there's a lesson in all of this that we're all right starting to learn the hard way the lesson is when a great power withdraws the conflict is most likely to escalate, and that's what's happened, and it is indeed a sobering one. >> the army has put off its decision to cut the 425 by another year until another president takes off what kind of a world will the next president, he or she face? >> the president president will face a world that is more challenging than any president that i have served. >> this is about whether or not we can promote a world that ultimately can share in the values that the united states is all about. if the united states doesn't provide that leadership, nobody else will. >> i think it's very fair to say that president obama is a retrenchment president, he doesn't want the u.s. to overcommitment. if you're obama you argue, hey, the military is in a lot better shape than when i got it, because i don't have troops in afghanistan and in iraq fighting wars that are unwinnable and not that important. >> the readiness of our forces to deal with gre

to neil ferguson, there's a leon in all of this that wre all right starting toearn the hard way. >> theis wn areat power withdraws the conflict is most l likely to escacalate, a that's what's happened, and it is indeed a sobering one. >> the armyy has put off its decision to cut t the 425 by another year until another president takes off at kind of a wld will the next president, he orhe ce? >> the president president will face a world that is more challengin than any president that i he served. >> this is about wheer or not c can promote a wld that ultimately can sharen the values that the u united statess all abouout. if the united states doesn't ovide t that leadership, nobody else will.l. >> i think it's v very fair to y that president obabamas a retrenchmentnt president, he doesn't wantt the u.s. to overcommmmitment. if you're obama youargue, hey, ththe military is i in a lot be shapee than when i got it, because i don't't he troops i i afghanistan and in iq fighting wars that are unwinnable and not that rtant. >> the readiness of ourur force to deal with g great powers of war, with

to neil ferguson, there's a leon in all of this that wre the lesesn is wn areat power withdraws the conflictsst's happened, andt t is indeed a sobering one. >> the armyy has p off its decision to cut the 425 by other year until another presidenent takes off at kd of a wld will the next president, he orhe ce? >> the president president will ce a worldhat is more challenginhan any psident that i h served. >> this is about whe onot canromote a wld that ultimately can sharethe values that the u united statess all ouout. if the united states doesn't provide t thatleadership, nobod else wl.l. >> i think it's v very fair to y that president obabama is a retrenchmentnt president, he doesn't wantt the u.s. to overcommmmitment. if you're obama you argue, hey ththe military is i in a lot be shapee than when i got it, because i don't't have troops i afghanistan and in iraq fighting wars that are unwinnable and not that portant. >> the readiness o ourur forces to deal wh g great powers of war, with one of three countries, w we're talking abou china, rurussian, iran and nort korea. >> we'e're talking about

to neil ferguson, there's a sssson in all of this that we'ee alriright starting to l learn t hard wayhe lessoson i whehen a g gr power withdraws the conflict is most likelyo eslate, andnd that's what's happened, and it is indeed a a sobering one. >> the army has put off its dedecion to cut the 425 by other year until another present takes off whwh kind of a wororld will the next preside, he or s she faface? >> the president president will face a world that is more challengingg than any president that havave served. >> this is about whethther or n wewe can promote a wororld that ultimamately can share in the vavalues that the unitestates is all out. if the united states doesn't provid thatleadership, noby else wl. >> i think it' very fair to say that presidentbama is a retrenchnt president, he doesn't wt the u.s. to overmmitment if you're obama y argue, hey, the milititary i is in a lot bt she than when got it, because i d't have troops inn afghanistan and in i iraq f figg wars that are unwinnable and not that imrtant. >> the readiness of ourorces to deal with grereat powers of war, wi

to neil ferguson there's a lesson in all of this that we're starting to learn, the hard way. >> the lessona great part withdraws the conflict is most likely to escalate. that's exactly what's happened. the result is a sobering run. >> amid the rising threat, the army has returned battle tanks to europe and pushed off the decision to cut the 425 by another year until another president takes office. >> what kind of world will that president, he or she, inherit? >> the next president will face a world that's more complex, more challenging for american interests than any president of the eight that i served. >> this is about whether or not we can promote a world that ultimately can share in the values of the united states is all about. if the united states doesn't provide that leadership, nobody else will. nobody else will. >> i think it's very fair so say that president obama is a retrenchment president. he doesn't want america to overcommit its military. it's on quick, nighttime print raids. if you're obama, you argue the military is in a lot better shape when i got it because i don't have 1

to neil ferguson, there's a lesson in all of this that we're all right starting to learn the hard way power withdraws the conflict is most likely to escalate, and that's what's happened, and it is indeed a sobering one. >> the army has put off its decision to cut the 425 by another year until another president takes off what kind of a world will the next president, he or she face? >> the president president will face a world that is more challenging than any president that i have served. >> this is about whether or not we can promote a world that ultimately can share in the values that the united states is all about. if the united states doesn't provide that leadership, nobody else will. >> i think it's very fair to say that president obama is a retrenchment president, he doesn't want the u.s. to overcommitment. if you're obama you argue, hey, the military is in a lot better shape than when i got it, because i don't have troops in afghanistan and in iraq fighting wars that are unwinnable and not that important. >> the readiness of our forces to deal with great powers of war, with one

to neil ferguson, there's a lesson in all this that we are already starting to learn.ard way. >> the lesson is that it's when a great power withdraws that conflict is most likely to escalate. that's exactly what's happened and the result is a sobering one. >> indeed, amid the rising threats, the army has returned its battle tanks to europe and pushed off the decision to cut the 425 by another year. until another president takes office. what kind of world will that president, he or she, inherit? >> the next president will face a world that is more complex, more challenging for american interests than any president of the eight that i served. >> this is about whether or not we can promote a world that ultimately can share in the values of the united states. if the united states doesn't provide that leadership, nobody else will. nobody else will. >> i think it's very fair to say that president obama is a retrenchment president. he doesn't want america to overcommit its military. the emphasis is on quick, nighttime light footprint raids. if you are obama you argue the mili

i will sit down with neil ferguson of harvard university.e current market condition a third leg in the global crisis. we've got a lot coming up and i will speak with him it for 15 p.m. eastern time on monday. ♪ tracy: you are watching bloomberg markets. it's time for the bloomberg business flash. aleant pharmaceutical has filed its 2015 report that may satisfy bond and loan holders and had sent notices of default related reports which was to have been submitted in march. it is under investigation by several state regulatory agencies. newcompany has nominated board members at it overhauls its strategy under incoming ceo joseph papa who takes over next month. scarlet: snap chat is going for a limping gold. it scored a major coup in a deal with comcast/nbc to host some of the summer games. it's the first on the network will share video with the event. snap chat will set up a dedicated channel on the mobile app. will make money from advertising. tracy: there are potential private equity bidders ars. willanadian drugmaker gauge interest in a poss