pearson have been fantastic owners of the "ft" for 50 years. i think we have been great guardians of the editorial integrity and the quality of the journalism, but we'd also helped the "ft" to become global, to make the initial shift from analog to digital. but "inflection point" is a greatly overused word, but in this case, i think it is entirely relevant and appropriate. because increasingly, we are now seeing more and more people accessing news analysis, journalism through social media, through twitter and facebook and all sorts of other new emerging channels. and we're seeing more and more people making the shift from desktop to mobile. and that is a huge opportunity for the "financial times." it means it can reach its journalism to more people than ever before in its history. but it is a great challenge as well, in that it has to remake and rethink how it makes and sells its journalism. that requires absolute attention and focus. and i think it requires scale as well. and in reality, the "ft" is a 300 million pound journalism business in a

pearson have been fantastic owners for 50 years.e have been great guardians of the editorial integrity and quality of the journalism, but we also helped the "ft" to become global, to make the initial shift from analog to digital. but inflection point is a greatly overused word, but in this case i think it is entirely relevant and appropriate. because increasingly we are now seeing more and more people accessing news analysis, journalism through social media, through twitter and facebook and all sorts of emerging channels and we're seeing more people making the shift from desktop to mobile. that is a huge opportunity for the "financial times." it can reach its journalism to more people than ever before in its history. but it is a great challenge as well, because it means it has to remake and rethink how it makes itself in this journalism. that requires absolute attention and focus. i think it requires scale as well. the "ft" is a 300 million pound journalism business in a 5 billion pounds education business. it was going to be increa

since 1997 and all the time i have been with pearson.ut they are synergies they can be achieved through partnership, and actually, one of the ways we got to know nikkei was through the partnership we formed with them around english language teaching to the corporate sector in japan over the last few years. so personally, emotionally, a difficult decision for me, difficult decision for the board. was not one we took lightly. it was a year or more of very deliberate process of making sure we devaluated work through all the different factors. and one that was taken after extensive consultation, not just relying on barber, but engaging the senior editorial leadership of the "ft" as well and unmistakably reaching this conclusion that this is a time when journalism is being rethought and reinvented. and my job was to get "ft" the very best crack at emerging from that in better shape than ever before. francine: does it also mean that in the negotiations, i guess with the final contract with nikkei, you preserved -- the journalistic independence

and rest of pearson are greater now than any time since 1997 and all the time i have with pearson but they are s obtained that can be through partnership and one way nikea is the one we formed with them the last few years. emotional decision for me and the board. it was not one we took lightly. was a year or more of very deliberate process of making evaluated and worked through the different factors, f one that was taken after extensive consultation engaging leadership ditorial of the f.t. as well and reaching this conclusion that this is a time been ournalism has my ought and reinvented and job was to get the f.t. the best crack of emerging in better before.an francine: does it mean in the negotiations and final contract you preserved, i don't know if you can do it by cause or getting lawyers but you preserved the journalistic independence of the f.t.? view on these things is that what is most important is owner and you ht go to the right owner in terms the values, the leadership and the track record. i think everyone would acknowledge this pearson has been a good owner of the financ

brian: tyler abell, who was drew pearson in your life? tyler: drew pearson was my stepfather. in their it my mother, or my mother married him -- he married my mother, or my mother married him. but i was four. he played a big role in my life. he died when i was 37. very sad. but he was an amazing, remarkable man. he did everything. just everything. brian: someone who has never heard of him, what did he do? tyler: he was a remarkable journalist. he invented the washington, d.c., column, which is now occupied by i don't know how many people. and he wrote a column unlike men -- and he wrote a column, unlike men today or women today, seven days a week, every day of the year. he wrote a column. mostly about washington, but all kinds of things. he flew around the world. started out as a young man interviewing europe's 12 greatest men. that is how he actually started and made a name for himself. brian: where was he from originally? tyler: he was born in evanston, illinois. his father was a professor in english at northwestern. and his dad got a job at swarthmore college in pennsylvani

brian: this is from 1965, 1 of conversations with lyndon johnson andrew pearson about -- and drew pearson about a piece that jack anderson wrote. they were writing at the same time. tyler: sometimes it drew would give jack credit and let him right under his own byline. drew was rather protective of that. most of the time, it was drew's byline. "washington merry-go-round" was the book that he published that got him fired. since he was fired, he started writing the column. the column was always "washington merry-go-round." drew would publish a piece that was almost all written by jack. he used the column and it was drew's name, but he would tell somebody like lyndon johnson i don't remember that column as well as i should because jack wrote it. brian: let's listen to this conversation with president johnson and drew pearson. [video clip] >> say, i've got a problem. did you see jack anderson yesterday? i never heard of that, just never heard of him. someonepart of it -- must've planned that. they quoted how the white house felt and how i felt. never heard i have a word of it. just out of the

she went by the name livvy moore pearson most of her life. but she got the message from joe kennedy that, had she wanted to respond to those flowers, it would have been easy. brian: another entry, friday october 23, 1964. i haven't marked off the different chapters. here's what he wrote. brian: what is the background on that story? tyler: i don't know. i don't know. i had heard those rumors and i guess for drew it was more than just a rumor. he thought that j. edgar was homosexual. brian: did you ever talk to him about his columns? tyler: sure. in fact, i worked for him for a while. brian: what did you do? tyler: i was elevated pretty quickly. he let me investigate and write. if i wrote something that he liked, he published it. i wrote plenty that never got published, but it was quite an experience. brian: when did you feel his power? when did you notice it? tyler: he was so different in person. if you didn't know him, you couldn't believe how different he was. there is a note in that book you are holding in your lap when he goes in to see ge

pearson can only serve 27. derek service creates economic benefits to some of those countries or cities. they attract a lot of canadian tourists to come. and use the facilities, especially when it gets -20 up north. travel andf ease of secure travel allows both countries to benefit from economic activities happening between the two countries. in talking to some clearance people, we found that having preclearance in canada is also very efficient. the airport has almost a help affected where we bring from canadahrough and internationally, they get cleared they are and then they can be dispersed back to the states. we are the fourth largest air entry point into the usa. we are just behind miami, new york and los angeles. we clear all but 6 million passengers a year. if you take the same number and this person throughout various stations in the u.s., it probably will not get as bigger bang for the buck as pearson allowing the hubbing affect to bring people through. we are proud to say to talk about the preclearance

howard: the change in pearson will help. customs also follows your lead and we are now in the process where passengers when they transfer from the u.s. to canadian cities don't have to pick up the banks again. the bags are being screened. they can then call back for inspection if they need it. both countries in limiting can transfer passengers between the two economic regions in a hasslefree way of maintaining security. stewart: what you hear about u.s. economies? some places may have their only international access. city: is very common for air canada and smaller u.s. markets where cities will come in court us for services to connect to spikes. economyght be a healthy existing in a market in the u.s. and a similar one in the canada border we connect them there is an exponential growth in trade. tourism between the two cities. before those roots were introduced. a goes beyond simple trade and tourism. cities see a lot more travel. we recently opened up a route to austin this year which has been a tremendous success from toro

brian: tyler abell, who was drew pearson in your life? tyler: drew pearson was my stepfather.

pearson. ms. aldrich. mr. stout for very different seats. so mr. pearson, mrs. aldrich. miss payan. mr. ballesteros. fugatefor 16, 17, laurthomas for 18. terrance alan for 19. the labor seat, i see as something that we might be able to continue, given shortage of people, but some very, very qualified people who can apply for that. i really like ms. schrader for 21 and also would like very much consider mr. lemos as well and for 22, i would really want to back ms. ozim, for that seat. so that pretty much goes through all the different you names and seats. a lot of names i didn't say numbers for, because they could apply at different places. maybe we can start the conversation with those names. >> thank you, supervisor avalos for leading us through this long hearing. to all of the members that came and supported their candidate,, i appreciate your communitis y comments and public pents and also recognizing those folks. this is going to be the first here in san francisco and the reason why i'm taking this extra seriously is because it was brought up a little bit in the discussion today

michael pearson is a valeant. -- isabel and.came under increased scrutiny accounting irregularities at the company -- of the company. do we know where that investigation stands? drew: the board is in the midst of this ad hoc committee to investigate what happened. the real issue is that in the wake of some of these questions where valeant had to cut ties a may distribute is in really rearrange some of its is his practices, michael pearson was the guy leading up all those changes. the company indicated that there would be going through some tough quarters and report down sales. it had recently announced a deal with walgreens to help sort some of that out. now michael pearson is in the hospital and i believe everyone is wishing him well. but he is the guy helped leading the change at the company right now in an exceptionally critical time. keep in mind, they lost half of the value of their stock back in august. the turnaround -- despite all the criticism, most of the top shareholders are saying, he is the guy, he's got to stay, we

it was a case of pneumonia that put mike pearson down for now.oomberg tv andge," on bloomberg bloomberg radio. carol massar with cory johnson. in the studio, our own drew a bloomberg news. the valley's ceo has a medical leave. what is going on? yeah, over the holiday he was admitted to the hospital in new jersey with severe pneumonia. this is not your regular, run of the mill pneumonia. this is a serious medical condition. he is hospitalized. our understanding is he was discharged for morris town medical center in new jersey. we do not know what his condition is at this time. they have appointed a three-member executive management team to's in for him -- to sit in for him or it also a board to oversee that executive management team. carol: that's pretty serious in terms of structure. reporter: convoluted is one way to put it. and frankly it could not come at a worse time for valeant when we think of everything this company has been through. their stock peaked back in august. revelations about one of their andly chain agreements criticisms of drug

pearson is on his medical leave. michael pearson is the architect behind the strategy at valeant that has over the last few years that has included aggressive acquisition and cuts in r & d spending. this do spend some money on research and development. it's a unique approach in some ways that's been rewarded until the last six months by the stock market. they were unsuccessful in buying allergan. that company now, of course -- allergan then actually bought by the old activists, now called allergan and now merging with pfizer. valeant stock price one of the worst performers this year, though it has come back a bit. down this morning. there are some questions about if he is incapacitated for a long period of time, what will that mean for the company. is there a potential where you would see them move into a different mode in terms of taking apparent the company? that's all speculation at this point. severe pneumonia, that's all they're saying citing privacy being requested by mr. pearson and his family. >> another move

he talks about the second volume of pearson's diaries. from 1960 to 1969.rian: tyler abell, who was drew pearson in your life? tyler: he was my stepfather. my mother made him.

pearson's expertise kick into high gear.ers are in imminent danger. >> the smoke has started to catch on fire. that's when everything is starting to go bad real quick. it's starting to get really hot in the room. i'm watching these signs before me unfold and i'm starting to recognize that we're about to be caught in a flashover. >> flashovers are triggered when extreme heat causes all exposed flammable material to ignite at the same time. pearson says flashovers are a firefighter's worst nightmare and almost also a calling card for certain death. >> something very dangerous to the fire service. it deals with temperatures between 1,000 and 1500 degrees. everything in that room, people, furniture, doesn't matter, is going to light. it's going to be on fire at once. >> pearson orders the firefighter to evacuate the building immediately. one makes it outside, but seconds later. >> go, go, go! >> oh, my god. >> tense moments pass. no one knows if anyone still inside is alive. but then pearson and another firefighter crawl out the

that's after pearson was hospitalized for a severe case of pneumonia. company spokeswoman said pearson is receiving treatment in the hospital and declined to comment further on his condition or the expected links of his leave. valeant will be run on an interim basis by a committee of three executives. the stock has lost half its value in the last six months as the company faces scrutiny over its drug pricing practices and short sellers took aim at its business. the stock sank again today. for "nightly business report" i'm meg tirrell. >>> shares of wearable device maker fitbit getting some pep in its step today. and that's where we begin tonight's market focus. the fitbit app was the most downloaded from apple's app store on christmas day, suggesting strong holiday sales for that company. shares of the company up over 3% to 29.86. freeport mcmoran's executive chairman james moffett stepping down after a brutal year for the company's stock. freeport is also facing pressure from carl icahn, who took a large stake in the company earlier this year. shares o

pearson. ms. aldrich. mr. stout for very different seats. so mr. pearson, mrs. aldrich. miss payan. mr. ballesteros. fugatefor 16, 17, laurthomas for 18. terrance alan for 19. the labor seat, i see as something that we might be able to continue, given shortage of people, but some very, very qualified people who can apply for that. i really like ms. schrader for 21 and also would like very much consider mr. lemos as well and for 22, i would really want to back ms. ozim, for that seat. so that pretty much goes through all the different you names and seats. a lot of names i didn't say numbers for, because they could apply at different places. maybe we can start the conversation with those names. >> thank you, supervisor avalos for leading us through this long hearing. to all of the members that came and supported their candidate,, i appreciate your communitis y comments and public pents and also recognizing those folks. this is going to be the first here in san francisco and the reason why i'm taking this extra seriously is because it was brought up a little bit in the discussion today

for "nightly business report" i'm hampton pearson in washington. >>> new orders for factory goods bouncedk in october. this follows two straight months of declines. the commerce department reports that new orders for manufactured items rose 1 1/2% on rising demand for transportation equipment. but the overall manufacturing sector remains pressured by a strong dollar and a cutback in spending by the energy sector. >>> oil prices rose today, recouping all of yesterday's losses. the dollar fell sharply against the other major currencies after the ecb disappointed the market with the amount of stimulus it announced and the falling dollar increased demand for most commodities including domestic crude. at the settle prices rose nearly 3% to 41.08. >>> despite the rise today, oil prices remain relatively low. that will be the main focus of discussion at tomorrow's gathering of the largest oil producers in the world. but will it be enough for the cartel to act? jackie deangelis takes a look at what to expect from tomorrow's big opec meeting? >> reporter: for oil prices it's a moment of truth. the

hampton pearson has more on today's solid jobs numbers. >> reporter: led by big gains at good-paying housing construction jobs, employers delivered another solid month of hiring in november. more americans looking for jobs and finding them. even helped boost the labor force participation rate. >> the strength of the participation rate and the strength of the average over time at 218 i think was the number, that means that in the future wages are rising. >> reporter: eating and drinking places continue to be engines of job growth, adding 32,000 new employees last month and more than 374,000 over the year. >> does that make it worse? >> reporter: second only to healthcare. in arlington, virginia texas jack's is part of the restaurant boom in this upscale neighborhood just across the potomac neighborhood from washington, d.c. the owner says there were hundreds of applicants for the 60 workers he plans to hire. the real challenge was finding qualified workers. >> not enough qualified people that had relevant experience, you know, for us. a lot of young, you know, people looking for work

nor "nightly business report," i'm hampton pearson in washington. >>> from beer to burritos. the chipotle outbreak is growing. last night we reported a number you have boston college students fell ill after eating at the chain. today it appears the norovirus may be to blame, not e. coli but the bad news continued to pressure shares which fell again today. morgan brennan reports on the outbreak and its potential fallout. >> reporter: investors aren't the only ones steering clear of chipotle. >> actually noticed that the chipotle in my office the line's gone way down. >> for health woes continue to hit the tex mex chain which has battled an e. choli outbreak affecting 52 people in nine states according to the cdc. now college students in boston have become the latest to the fall ill. boston college says 80 students reported gastrointestinal symptoms after consuming food at the restaurant. chipotle is looking into the incident which a spokesman says may be "likely a norovirus which also seems to be the direction health officials in boston are moving. no e. coli cases linked to c

pearson. ms. aldrich. mr. stout for very different seats. so mr. pearson, mrs. aldrich. miss payan.mr. ballesteros. fugatefor 16, 17, laurthomas for 18. terrance alan for 19. the labor seat, i see as something that we might be able to continue, given shortage of people, but some very, very qualified people who can apply for that. i really like ms. schrader for 21 and also would like very much consider mr. lemos as well and for 22, i would really want to back ms. ozim, for that seat. so that pretty much goes through all the different you names and seats. a lot of names i didn't say numbers for, because they could apply at different places. maybe we can start the conversation with those names. >> thank you, supervisor avalos for leading us through this long hearing. to all of the members that came and supported their candidate,, i appreciate your communitis y comments and public pents and also recognizing those folks. this is going to be the first here in san francisco and the reason why i'm taking this extra seriously is because it was brought up a little bit in the discussion today

was dropping a folder on the ground or falling over myself or sneaking out of a room when jessica pearsonomes in. [shad laughs] >> patrick: you i justthat was the fun of it. i didn't have to run away from being nervous. >> shad: and: fat mike. from his band nofx to his label fat wreck chords, he's been an ally to independent music for 2 years. the punk icon talks about his passion for bucking for status quo. >> fat mike: yeah, i like awkwardness and confrontation. i mean, look at me. i'm wea dress. i just started doing that because it's so--it's so funny. walking down the street, i feel like a punk rocker again. >> shad: plus: laura marling. she leads the pack of britain's folk music scene. >> shad: i'm shad, and this is q. ♪ >> harvey specter: look, if you wanted a going away present, you should have said something. >> mss: you know, you really should give societal norms a test drive someday. >> harvey: ok. one call, any contact, you got three minutes. >> mike: what? >> harvey: and yike roa janitor who found a lost cellphone. >> mike: how about a cabby with an accent? >> harvey: you're d

thomas, let me kick things off with pearson. stock down 37%.y have a new chairman coming in but what investors want to see is no longer a firm that tries to be everything for everyone at education. why do you think there is an outside chance they could be broken up. >> the key issue with pearson is a real tension between where earnings are going which is best sideways and the value of the assets and key townsing this is the fact that pearson isn't a homogenous company. it's actually little bits and they have different dynamics and gearing profiles. as i say the next couple of months and quarters will continue to be tough but there's potentially real value there and it is something that could be exploited by a third party. >> all right. just to tell our viewers, there seems to be a fire alarm in the studio here. this is live television so little we can do about it but we'll just -- >> it's such a hot interview. >> that's right. >> you just brought the heat. >> that must be it. let's continue regardless. now you have ten surprises, ten prediction

mike pearson, the ceo, taking a leave of absence because of severe case of pneumonia. the family not commenting on the condition. but what they've done in response to his leave is create these two weird offices in which six executives are basically taking -- i thought that was a -- the strangest announcement i've read in a long time. >> yeah. so three folks who are executives at valeant are composing this office of the chief executive officer on an interim basis running the company and the board is supporting that role. and there has been a lot of talk about a success plan for mike pearson at valeant given the turmoil they had this year and there is so much uncertainty in the stock right now. probably the fact there isn't a single person named adding to uncertainty. and you saw the stock go down 10% today. >> is the company going to create a succession plan. you would think now they would say it is time to create a succession plan. >> there was a analyst report out saying that the succession plan was a big topic of conversation for them already, over the summer, saying

after michael pearson went on medical leave according to the company, he came down with a severe case of pneumonia. currentt disclosing his status or where he is at this point. a hospital said he was hospitalized. his leadership is bound up closely with it, he is seen as an important leader. ashas held the company they've had the strategy of buying companies and raising prices on some of the drugs. that is a strategy that has come under scrutiny. let's check in on the news this afternoon. we have more from the news desk. >> the grand jury will not indict a white police officer in the killing of 12-year-old tamir rice. he was carrying what turned out to be a pellet gun. the prosecutor said it was indisputable the boy was drawing his weapon when he was shot and killed. a setback for the islamic state, they have recaptured a government complex that had been held by the islamic state since may. they were helped by u.s. and coalition aircraft. buses, transporting evacuees into lebanon. of the truce deal reached in september. the battleground areas will see the transfer of thousands of shii

hampton pearson has more on the fed's decision and the outlook for future rate hikes. >> reporter: at the federal reserve, the end of an era, the first interest rate hike in nearly a decade, because the economy in the eyes of monetary policymakers is strong enough to withstand it. their decision was unanimous. >> we would like to avoid a situation where we have left so much accommodation in place for so long that we overshoot these objectives and then have t tighten abruptly and risk damaging that performance. >> reporter: just as important as lift-off, the policy statement said the path to more normal rates would be slow and gradual. fed policymakers' forecast indicate the possibility of four rate hikes next year. >> it's important not to overblow the significance of this first move. it's only 25 basis points. if monetary policy remains accommodative, we have indicated that we will be watching what happens very carefully in the economy. >> reporter: fed officials have increased their growth forecast to 2.4% in 2016, a vote of confidence that rate hikes won't disrupt economic growth,

it's going on this morning at the doctor pearson community center here in north las vegas. buttit's not the only event sanders will be attending in the valley. he'll also be speaking at canyon springs high school in north las vegas. doors open at 5-pm... and the events starts at 6-30. it's also free and open to the public. brian and patranya. brian loftus michael... what kind of impact will sanders visit have on this group? ((michael stevens)) brian... the group says they haven't decided who they're going to support as their candidate... however, they say it's important that each of the candidates start addressing violence that effects them and so many others. brian? ((patranya bhoolsuwan)) > we now know the name...of the man who fell to his death at red rock canyon over the weekend. the coroner identifies him as brian william tracy. authorities say he was climbing with two other hikers on saturday morning when he he fell in a gully... authorities had to call in a search and rescue team to find him. people in the area tried to give him aid... before they could get to him.//

q&a, tyler able stepson after pearson talks about the second volume of mr. pearson's diaries, which gives an insider's take on washington dc from 1960 to 1969. >> it was just remarkable all the things he did. sometimes he would criticize himself in the diary. you must've come across different places where i thought -- where he said i should not have said it quite that way. or lyndon will get mad at me for the way i wrote the column. but he needed to be told. i'm glad i wrote it. >> tonight at 8:00 on cuban day. -- q and a. as the 50th anniversary of the national historic preservation act approaches, preservationists gathered in washington to recognize contemporary efforts on the half of historic sites and look at the work before them in the 21st century. secretary of the interior sally jewell, who work towards preservation of native american sites and lands is opening up national park for young volunteers addressed their conference. this was hosted by the national trust for historic preservation. it's about one hour. >> and now please welcome chief preservat

quick sunday night, tyler able, , talks of drew pearson about the second volume of mr. pearson's diaries, which give an insider's take on washington dc from 1960-1969. >> it was just remarkable, all the things that he did. sometimes he would criticize himself in the diary. you would come across different places where he said i think that column was too strong, i should not have said it quite that way. it is going to get mad at me for the way i wrote that column, but it needs to be told. and glad i wrote it. quick sunday night at 8:00 p.m. eastern on q&a. >> next, the history of american law concerning sex and the supreme court's interpretation of marriage and constitutional rights. from the chicago humanities festival, this is an hour. >> jeff and i have known each other for a number of years and i have always admired and respected him for his sometimes iconoclastic legal positions regarding seemingly embedded, nonnegotiable cultural institutions. one has only to reflect back on the social, religious and legal of this country. that history which everyone in this room ha