emily: so, will it be your advice to radhika jones be?i hate to give it away because it is advice i want to give to myself, but i think arts and culture are a very enduring interest area. there are more people going to museums and ballets and symphonies than go to sporting events in san francisco and new york. there is a very deep vein of interest. why do people who work in silicon valley want to live in san francisco? it is not because stanford is here or because hewlett-packard was founded here. it is because of restaurants, arts, cultures, hospitals, the whole texture of the city. and i think that is a part of life, and that is the part that our magazine is addressed to. emily: we have been talking a lot about digital platforms and the responsibility in the age of "fake news." what do you think is the responsibility of facebook and twitter? william: i hate the term "fake news." i think news is news. fake news is made up stuff. emily: fake stories. william: what bothers -- i think the terminology is wrong. i think -- i don't believe in

emily: what do you think of pretty good jones -- what do you think of radhika jones? i am interested to see what happens there. they will continue to have very good writing and maybe a little more culture and less politics. emily: you wonder what she will bring to the political -- will: she had great instinct about what is happening, all those criminal crisis and desk criminal cases and molding them into a very unique combination. great in himself fell like things are going to be changing it i don't know if i want to be a part of the change. emily: budgets are being cut. maybe the big, glossy pages will not survive. black cards will: for everybody, fancy restaurants, the hearse companies in the magazine business and we run a more businesslike operation. that is where conde nast will trend. emily: what will your advice to jones? will: i think arts and culture are very enduring arches -- enduring interest areas. vein -- why doep people who work in silicon valley to live in san francisco back up it is not because of hewlett-packard, it is because of restaurants, arts, mu

radhika jones is joining us here in the studio now getting more on the business side of all of this because of course you know the trade balance always an issue especially for the united states this is something the trouble also there are certainly since donald trump is u.s. president you remember the times when we talked about a possible looming trade war they're. paying of course and donald trump they've just announced a twenty two hundred fifty billion u s dollar deal business deal a further sign off the relationship the of the two men that they have possibly struck now certainly since their first meeting at strom's mar a lago resort in florida that was back in april now things have not always been so rosy the u.s. president has accused beijing in the past of unfair trading practices and he has threatened to china with tariffs let's take a look at this last year the united states exported goods worth only one hundred sixteen billion u.s. dollars to china however because many u.s. companies now manufacture there the u.s. imported about four times that value of goods from china situation i