i'm pleased to have reynold levy on this program at charlie's table. welcome. >> thank you. >> toobin: so what is robin hood? founded in 1988 swi pretty recent by charity standards. >> robin hood was created by some is very publicly spirited hedge fund managers who wanted to give something back to the city. and were very concerned about poverty in new york city. and ways in which to alleviate it it. so in its current incarnation it raises every year somewhere between 125 and 150 million dollars. and distributes it to our nonprofit partners who provide services, everything from ranging from charter schools to food pantries to health services to income maintenance services for clientds all over new york city. >> toobin: let me ask you a little bit about poverty in new york city sort of generally. is it it better or worse than it was ten years ago, than it was a hundred years ago. >> so we have shifting definitions of poverty just as we have shifting definitions of wealth and shifting definitions to what it means to be middle class. it is certainly better

jeffrey: reynold levy of the robin hood foundation, thank you for being on the "charlie rose" show. ♪e watching bloomberg technology. let's check on the first word news. president trump spoke of the conservative political action conference telling supporters construction of the border wall will begin soon. he blasted the news media for using unnamed sources. trump told conservative activists there will be no more big multinational trade deals and promised to take a tougher line on trade. seven g.o.p. governors are calling for changes to medicaid. they are also urging washington not to scrap obamacare without a viable alternative. they want congress to adopt an alternative to change medicaid from an open-ended federal entitlement to a program designed by each state. they present the proposal saturday.

jeffrey: reynold levy of the robin hood foundation, thank you for being on the "charlie rose" show. ♪it is one of the fastest-growing apps the world has ever seen that has revolutionized the way we express ourselves in a single photo. kevin systrom turned down a job for mark zuckerberg in college, shared a desk with jack dorsey as an intern with what would become twitter and in 2010, launched instagram as we know it. two years later, he reunited with zuckerberg and agreed to sell instagram to facebook for $1 billion. the company had 13 employees and 30 million users. today, over half a billion people on the planet use

jeffrey: reynold levy of the robin hood foundation, thank you for being on the "charlie rose" show. ♪me to "bloomberg businessweek." i am carol massar. oliver: i am oliver renick. we are coming at you from inside the magazine's headquarters in new york. carol: in this week's issue, the ukrainian oligarch wanted on the u.s. bribery charge. oliver: d.c.'s top lawyer has a long road ahead of him. carol: is the chicken industry rigged? oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in businessweek,berg megan murphy.