tom: i have.nd i am. ♪ betty liu: billionaire tom steyer has donated $65 million to establish renewable energy centers at yale and stanford, and he has entered into the political arena, spending more than $10 million to support various initiatives and candidates opposed to keystone. you have been effective in many of the initiatives that you have targeted, and you have called some of those initiatives you have put money into some of the best investments you have ever made. tom: [laughs] they were. betty: is that something you are going to continue to do? tom: i do not know if that is what i will do forever, but i think that i definitely will do that in 2014. betty: in fact, tom is not the only outspoken liberal in the steyer family. his brother jim teaches civil rights courses at stanford and founded commonsense media, a nonprofit organization. the steyer brothers have been compared to another set of politically-minded siblings, the koch brothers, but the kochs have spent millions backing tea part

tom steyer: good morning. betty: tonight on "titans at the table" -- this place is gorgeous, it really is. i will be chatting with billionaire businessman turned environmental activist tom steyer. tom steyer was born and raised in the financial capital of the u.s., new york city, but chose to open his investment firm farallon capital management in san francisco. he founded the company in 1986 with $8 million, and by the time he stepped down in 2012, he he stepped down in 2012, he had -- by the time he stepped down in 2012, he had turned the initial investment into $30 billion, making farallon the fourth-largest hedge fund in the world. his personal fortune is an estimated $2.6 billion. not satisfied with retiring on the golf course, steyer reinvented himself as an environmental activist, even funding and starring in a series of public service announcements. tom: i am tom steyer. each week, we are taking a look at the keystone xl pipeline proposal. betty: steyer believes building the pipeline will escalate the

tom tom keene is going to buy the $700,000 one.ce. ♪ tom: good morning, everyone. neidich"bloomberg surveillance" from new york city. let's go to the bloomberg terminal. chris grisanti of croissant to capital management with me. i know abenomics, i know japan is light on its back. we are now down to .270 just breaking through to new draghi weakness here. on prices of the german 10-year, the u.s.-year-old is way up here, but we understand japan is a basket case. germany is not a basket case, is it? christopher: no but japan is enough of a basket case that people are starting to get worried that there might finally be nothing behind the curtain and at the yields may budge. i think that is why you are starting to see much more based red than you ever thought before. tom: what is the exhaustion a shock you worry about with all of the fancy talk? mo: is by definition, if i knew it -- tom: i totally agree with that statement. christopher: it could be ukraine, it could be saudi ratcheting -- tom: francisco gaza rally at goldman sachs is a

tom: exactly. olivia: i was struck by comments by jon ferro, he says the reason is because nobody would believe mario draghi would buy negative yields. period that means we need to turn -- tom: that means winning to turn to james foley of rubble bank. gold coming up. olivia has a great segment coming up. we go to jane foley in london. jane, i know it is like dow 10,000, for what is the symbolism of the ex-wife -- of d xy to a grizzled pros like yourself? jane: it is a psychological level, but not perhaps as much as parity, not just for fx pros but for almost everybody in euro. that is the level we are reaching, a lot of market forecasters are chasing the forecast that have been coming down all year. a lot of people are thinking about parity. the big question is the timing. is this going to happen quite soon, or is this something was is going to be delayed. i think the lady will call the shot on the eurodollar, but of course janet yellen -- tom: absolutely. the mining question this morning, i know l

i am tom keene. joining me, olivia sterns and brendan "yes, we had three irish martinis yesterday" greeley. olivia: netanyahu has called leaders that share his skepticism about peace talks with palestinians. he says there are issues that must be addressed immediately. >> we are facing great challenges. i cannot elaborate on all of them, but i can say we have challenges in diplomacy and security. olivia:'s party was behind in the polls. the prime minister appealed to his supporters. investors will be listening when policymakers wrap up their two day meeting in washington. the fed may remove an assurance that it may be patient before it raises interest rates. janet yellen is likely to be questioned about the strength of the dollar and how it may affect monetary policy. oil heading into another bear market. it is down for a seventh day in a row. if fell below $43 a barrel and closed -- and if it closes at that level it will be 23% off-peak. inventory probably grew last week. in oklahoma state, they have

fast in tom's office. fast in other tom's office.in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. tom: good morning everyone. let's get to our top headlines. brendan: a crucial meeting in switzerland today on iran's nuclear program. foreign ministers will meet. it is the first time all have been in the same room since talks were extended since november. tomorrow is the extended -- is the self-imposed deadline. the white house spokesman said president obama is optimistic but cautious. >> the president believes that we should be able to come over the course of last year, be able to reach an agreement by the end of march if one is doable. brendan: the u.s. and other countries want iran -- want to prevent iran from building a nuclear bomb. in warning from saudi arabia. the fighting in yemen may escalate. it does not rule out sending in ground troops. yemen's president calls th

tom: the weather. was a time when winter was winter and economists adjusted for snow by taking three days o ff. no more. this year has brought an uncommon february. drew matus, the weather. drew: we came down a little bit because of the weather, but last winter was bad, too. the other part of it is simply that a lot of the united states did not have bad weather. this is one of those cases where everybody is sitting in new york thinking about how bad things are, but you are not on the california coast. tom: natural gas used to correlate out of what are the temperature in the new york subway was. this is optimism when we did not have it. this is the unemployment report. it was an ugly 10%-12%. i did not realize how this all in unemployment rate has really come down quite well. drew: it has come down quite well. this is my least favorite indicator on the planet, to be honest with you. tom: thank you. that is why i put it up there. [laughter] drew: america has a strong bias to tsonga stored the question of

tom: agreed. dr.ou are getting low paying jobs being created and you have globalization and businesses under tremendous pressure to cut cost. tom: you would recommend that olivia sterns by the 30 year bond this morning? dr. shilling: yes, i would. tom: why? dr. shilling: let me tell you why. [laughter] the yields on almost every european sovereign are higher than american. is the portuguese ten-year sovereign a better paper than the 10 year treasury? i don't think so. tom: this is important. 99% of other people say the portuguese yield will go higher. ndamukong suholivia: why? dr. shilling: why? tom: you both said why at the same time. dr. shilling: i think this is the euro of the dollar. why wouldn't people buy treasuries and sell european debt? what am i missing? olivia: you brought in a monopoly game of inflation? i assume you made this yourself. if we are printing all of this money and the fed balance sheet has quadrupled and we have seen shinzo abe do it in japan, why are we in deflation? dr. shi

tom: and not tom keene. why did you want me to bring this up? is the innovative new thing under armour is doing. brendan: are you and under armour fan? george: my kids are. from an investment perspective we talked about oil plunging down to $42 a barrel. this is creating disposable income across the u.s. the u.s. consumer has been the biggest beneficiary of that. that money is getting recycled into goods, products, into apparel. olivia: not quite yet. retail sales numbers have been disappointing even though oil is back down to $2.50 a gallon, it is not showing up in the numbers. george: there is a little bit of a charming as people move away from the big rocks onto online. -- a churn as people move away from the big box online. single name retailers are doing well. i think that is a good strategy whether you are a stock investor or bond investor, a way to capture return. tom: let's get some photos. olivia: i do not have a photo of tom keene and a compression shirt. in washington, a statute on display before its return to iraq. numerous artifacts

tom: i might.ghter] when you look at the risk that disney is taking on this why have they given up risk investment? olivia: i was wondering where you were going with this. tom: if we go down three percent in the markets, we have a coronary. rob: people want returns they don't want risk. that is a given. of course. they go hand in hand. we are showing richard madden in cinderella. there is no difference. the prince talks to cinderella -- what is your number one advice? you are prince charming to the american 401(k). rob: there are no bargains in the absence of fear. invest in markets that you are afraid of. olivia: very impressive, the "cinderella" allegory. ♪ tom: good morning. new york city gorgeoisity. olivia sterns gets ready to see "cinderella" today. olivia: authorities have yet to make any arrests in the shooting of the two police officers wednesday night in ferguson, missouri. both have been released from the hospital. there was a peaceful protest overnight in ferguson. this is all fallout f

fast in tom's office. fast in other tom's office.pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. tom: good morning, everyone. "bloomberg surveillance." chairman fischer speaking yesterday. let's go to the bloomberg monitor. it is a little clear. help me out. it is a measurement, a mix of inflation, output, and price dynamics against the zero lower bound. we never had this dispersion have we, this distance? brendan: this is the difference between me and tom, tom has put the green box here, where he says the taylor rule should have the rate going up come i would put the box here where the taylor rule had away below 0. politics a you cannot go below the 0 amount, but if we are going to the ironclad taylor rule, let's follow it where it leads us. tom: alan ruskin at deutsche bank, more than qualified, this is blurry on the screen, but this is a fabulous bloomberg function of the squishing

tom: i am.you are suggesting the problem of 1999 is being solved. 1999 was incident multiples for paying for eyeballs but nobody can figure out revenue. a few years ago we said that was going to be faced a possible. they -- facebook's problem. they've turned social media into revenues. that's what's changed, turning eyeballs into dollars. that is innovation. we go back to the question of what is the economy going to do. people who figure out how to drive something people want and will pay for. tom: here it is, brand-new innovation. brendan: that is moving so quickly. that is just today. periscope is a twitter app. launched yesterday and already tom is reading out the number of his twitter followers. tom: 100% retention rate whatever that means. let's get to photos. a really interesting set of photos in japan. a new surveillance satellite equipped with a high resolution camera in space. it will join a fleet of spy stations tracking military activity to the west, that would be north korea. they wi

tom: thank you peter.uired is a synthesis from challenging equity markets and eight plunging euro. jeffrey rosenberg is the chief investment strategist for blackrock and this is really important here somebody said to me just get rosenberg on. they didn't mean david, they met jeffrey. how much fun is this for you? guest: we have talked about this for so long, the unprecedented historical interventions by central banks have consequences and one of the biggest consequences this year has been diverted's in monetary -- divergence in monetary policy. you have the fed about to signal the end of six years of zero interest rates. tom: this is not in the textbook, it is not in for rosie it is not in able bernanke, how do companies react to this? how do the banks react? guest: everyone is reacting and you are seeing a couple of important developments around this divergence. one of the most interesting ones relevant for fixed income investors is a slug of u.s. companies go over to europe and issue debt. olivia: coca-c

tom and i will be live streaming her next master class. tom: thank you so much. a forex report. a very quiet day. a stronger yen. churning. in our next hour, mario gabaldon. ♪ tom: the mystery of why germanwing flight crashed in rugged terrain. and the mating of dinosaurs with food, heinz ketchup and cheese. good morning, everyone. this is "bloomberg surveillance ," live from our world headquarters in new york. i'm tom keene entering the is olivia sterns and brendan greeley. olivia: catch up and she's putting together -- cheese and catch up, putting together to world-class foods. craft is known for velveeta and philadelphia cream cheese. they are no strangers to this kind of deal. two years ago, they teamed up to buy heinz. searchers have found the flight recorder for the germanwing a320 five. it is believed to be usable. the recovery process for the bodies will be slow, though. >> it is quite difficult to detect the bodies. that is why the operation will be done by aircraft only. olivia: rescue workers are still looking for the plane's other black box. the crash

tom: what do you do?egy and tactics for a group of high-frequency traders that call themselves the modern markets initiative. tom: mr. lewis's distinction is the percent of trading harming the market. we are arguing 50% or 70%. does he have justification to say that hft is still in treating unfair pricing -- intruding on fair pricing? bart: the more liquidity, the smarter trading you have -- my concern has always been as a regulator and now that we need to win sure there are appropriate safeguards. -- to ensure there are appropriate safeguards. tom: a geographic boundary that would allow a level playing field to the benefit of hft? bart: it's something exchanges can do. fine. they still rely -- all of these exchanges rely upon hft's for liquidity. tom: why not have a delay regulated by guys like you that levels the playing field so we get trust back into our markets? bart: people can do that. it would not be a bad thing for one exchange to do it or another. in germany they talked about slowing down to her

tom:-- academics. tom: ellen zentner where is morgan stanley on gdp?that gloomy. we were tracking at three point 6% and now we are at 1.2%. tom: the critical question -- is morgan stanley's delay in the fed an indication of a more tepid gdp forward? ellen zentner: the delay in our fed call is not about headline growth. whether west coast port activity that was hampered -- there are some transitory effects that are going to come back and express themselves in the rebound in the second quarter. there is some rebound activity that is lost. if weather damages the economy we don't go out to eat twice the next day if we don't go out one day before. we still buy the car. there are a lot of temporary factors. we are seeing households not spending as much of the gas savings as we thought they would. they say, i'm going to get ahead on bills. tom: i need a transitory effect to transition to headlines. here is olivia sterns. olivia: the fed is now putting in interest-rate hike on the table. the only question now is when. fed chair janet yellen discussed a possibl

tom: impressive. congratulations to tom keene.oing better in the bracket then president obama. tom: i would like to thank the new york post to that i read for five minutes to -- me on this. rendon says a contract went from $25.1 million to $52.5 million. tom: thank you for joining us. how about a four x report. a quiet day. i put that up top. that is a stunning, stronger you on - yuan that we have seen. stay with us. another hour of "bloomberg surveillance." tom: european union leaders pledge sanctions against russia. a france that does not want to prejudge. markets turn two days after janet yellen's weeks. across the pharrell islands and to the north pole a solar eclipse not seen since 1662. this is "bloomberg surveillance." i am tom keene. joining me, olivia sterns. olivia: pick up the pace, the message from european leaders. bailout talks can speed up. greece is running out of money. severus put a positive spin on the issue. -- tsipras put a positive spin on the issue. there is no clear-cut day when greasewood run out of money.

i'm tom keen. joining me, olivia stearns and we welcome back from a long sabbatical one bee greeley as well. how was brazil? >> from a week's vacation. i'm tanned neither rested nor ready. tom: let's get to our top headlines. here's olivia stearns. olivia: john kerry is hinting they are ready to walk away from talking from the iran nuclear program. kerry is there to resume negotiations and warned the clock is ticking to a deadline the end of march. kerry appeared on cbs' "face the nation" and repeated his criticism of republican senators who sent a controversial letter to iran's leader. >> what i do know is this letter was absolutely calculated directly to interfere with these negotiations p. it specifically inserts itself correctly -- directly to the lead are of the country saying don't negotiate with these guys because we're going to change this. olivia: it has been predicted he will make a bad deal with iran. crude fell today to its lowest price in six years. trading below $ 4 a barrel before re

fagin what is toms river like today? >> toms river is a nice place to live. one of the things that concern me about the book coming out as i want to make sure people have the correct context for "tom's river." .. more comfortable living there then i would in other parts of the industrial parts of the united states for the simple reason so much care and attention has now gone into the making sure that the tom's river environment is okay. >> and i want to pick up on one of the questioners who asked you whether or not companies pick communities that maybe economically disadvantaged. was tom's river like that when the company moved in? >> it was. life was slow and there wasn't a lot of economic growth was a bit of the back water franklth was looking for an isolated place, where there was plenty of water, a rail spur, and this met all of the requirements. the two previous places where the company has been really more places than two but -- in cincinnati things were crowded they were on top of their neighbors and lots of conflict resulted. toms river had advantages

tom: what is that? china to throw billions of dollars at countries to build infrastructure which is underdeveloped. it will help chinese in their backyard. americans worked hard to convince all sorts of countries like south korea, australia and allies not to join. they think it will have less conditionality towards liberal democracy than american institutions. they are right, of course. a week ago, the brits said they would ignore us and they are becoming a founding member. the europeans signed on, the asians are going to sign on. it is an enormous loss. in terms of grand strategy in a part of the world lee kuan yew if he were alive today, this would have been the single thing he was most concerned about. anywhere in the world. brendan: did we make a mistake. ian: absolutely. the important thing is do not draw a red lines if you cannot uphold them or they are not going to go your way. this has happened on things like syria and ukraine and on the asian infrastructure bank. now that china is large enough

you see here songs, sketch of the life of blind tom, here in image of the adult tom, again, you see himepicted with his eyes closed, inside there is an account of tom's life. on the back is a typical concert program. tom wiggins received a claim across the world. by some accounts he was the highest grossing musical artist of the entire 19th century. unfortunately, because of his race, and because of his disabilities, he never saw a sense of that money. that one point, a newspaper article in the new york times reported that tom had only the clothes on his back and won silver flute, which had been presented to him as a gift by one of his flute teachers in new york city. towards the end of his life, he had to stop performing after suffering a series of strokes. there are many different stories about his death and what exactly happened. the most commonly accepted version is that he passed away in hoboken, new jersey in 1908. there are two grave sites associated with tom, one in hoboken, and one your -- one near his original birth pace -- birthplace in columbus. we hope the visitors come awa

those your top headlines tom. tom: very good.owerful and as they establish policy to drive bond prices higher and yields ever lower, corporations well, reluctantly or maybe with some enthusiasm follow. your fisher is in your director -- is senior director at blackrock institutional study is never seen this before apple at3/8 3/8 a percentage point. it is probably "be careful what you wish for." what is the risk to our financial livelihoods of the shockingly low rates now for corporations? peter f.: i think first let's see where they came from. one of the theories of ortega easing was the central banks -- in this case, europe is on the verge of it -- is going to buy a lot of not very risky assets and "force" investors to buy riskier assets. it is not working. it did that really work here. it had a little chase for yield but mostly address up the price of low risk assets, as we see in europe today and even with bonds. so the central banks have been hoarding the best credits, and that drive the price up. investors want more of the s

tom: be careful.: stunning overnight, deutsche bank putting out a note we are on commodity markets, falling below $40 a barrel. tom: cue gideon rose on china. give us an update on where we are on china right now. what about the integrity of their system? gideon: this is fascinating. in fact, our next issue coming out in a few weeks is all about china. and what is going on inside. basically, china has managed to this extraordinary run over the last several decades. they have moved from totalitarian poverty to sort of middle income authoritarianism. they have kind of picked all the low hanging fruit of development and modernization, now they are buffering up again the challenges, and it is going to be very exciting to watch what happens next. the anticorruption campaign that xi jinping is doing right now is an example of the entire regime's problems, challenges and potential hopes. tom: that was a massive shameless plug. get that other one more time -- look for china in "foreign affairs." olivia: we hav

tom: big data, okay. don't miss we have programming note, two new episode of "strange inheritance" with jamie colby tonight, first 9:00, jamie travels to small town pennsylvania, the man leaves his family a struggling downtown movie theater, and then at 9:30, a man who inherits a rare map of texas, but no idea how valuable it could be. "strange inheritance" monday through thursday. here on fox business. meanwhile, march madness, it is on. sneaking out to watch the game at lunch has some companies calling foul. productivity costing them billions. there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical condit

tom: gina. am not going to call and you because you are going to get put in the wells fargo timeout chair. [laughter] this discussion is the opening for boutique banking within america. this is the opportunity that your firm has. donald: there are a lot of firms that see this opportunity. there has been a massive amount of deals and that was the lot of the attraction that the isi evercore. tom: your idea of a stress test is, should i take the window seat or the aisle seat? [laughter] olivia: the result of dodd-frank has produced legislation that has made an oligopoly in investment banking's, so only the big banks have a chance to compete. you are underweight financials, gina. the key is for people who like to invest is that the big banks are trading. why is this an opportunity? gina: financials is not just big banks. consumer finance, capital markets risks. we tend to focus on the banks and banks are an overweight within our financial sector. there is a valuation opportunity. if you are looking

julio handed tom his rifle so tom could take the first shot. but the rifle went off accidentally, killing julio instantly. >> oh, my god! >> candra screamed. her dog instinctively attacked tom, and tom shot her dog, rusty, in self-defense. >> and then he panicked because he had a prior record, was known to the police, and that no one would believe him. >> so tom had no desire to explain the incident to police and gave candra the choice between staying with him or heading back to town. >> i had no way of getting down. i couldn't even drive. i didn't have a license. i didn't know how to drive a stick. >> confused and in shock, candra stayed with brown. but after two days, they reconsidered and decided to notify the authorities. >> he told them that there had been a shooting, and it was an accident, and she backed up his story. he then cooperated and took them to where the body was, helped them recover the rifle. >> to prove his story, tom took a lie detector test and passed. police ruled julio's death an accident. >> the sheriff's department was

. >> tom: how are you? >> william: very well. glad to be here. >> tom: nice to have you here. william, your last three books were set in the present. but with this one you've gone back to the future sort speak. why did you want to do that? >> william: well the last three i thought of asof novels--speculative novels of the very recent past. >> tom: mm hmm. >> william: in a senrote them because i needed to--i felt i needed to recalibrate the--whatever metric or yardstick of weirdness i use tose i w sense how strange the world is now. i decided that i was essentially working n '80s yardstick. >> tom: and that brings up an interesting point because you've said in the past that writers need to use a science fictionwith a tool kit to assess the present. what do you mean by that? >> william: well, i couldn't give you--i couldn't give you an entire, even really a partial list of those tools. but the tools for writing rigorously extrapolated science fiction are quite specific. >> tom: right. >> william: and since, basically since, so much of the world we live in feels now like science

tom etheridge, nice to meet you. >> tom, how are you?> good. >> this is the headquarters for worldwide trailer? >> this is the headquarters. >> did a little research. the product you guys make is good. >> yeah. >> now, how much--how much revenue is your company doing? >> we did 4 million last year. >> and so how much of that actually fell to the bottom line? how much did you make? >> maybe 400,000. >> how many will you make a year? >> about 125 trailers a year. keep in mind, not all trailers are food trailers. even though that's what we specialize in, we'll build emergency command post trailers. we've built mortuary trailers, casket trailers. we're pretty good at what we do, marcus. we've been doing it for a long time. >> who's that? >> that's kita. >> that's kita. that's the shop dog. >> yeah. >> whose dog is that? >> mine. >> it's my dog. >> no. >> [laughs] >> no, that's my dog. >> your dog, his dog? >> no, it's mine. >> oh. >> used to be my dog. >> no, it was ours, and she stays with me. >> oh. >> we were a couple for 20 years, but we

i'm tom keene.is olivia with the top headlines. >> the debate about president obama's affordable care act will be up to the supreme court again. only 16 states built their own insurance exchanges. the rest use the federal healthcare.gov system. the court is expected to rule by june. benjamin netanyahu did not change president obama's mind on iran. he spoke for 51 minutes yesterday, blasting the u.s. efforts but president obama not impressed by the speech. >> i did not have a chance to watch the speech. i was on a videoconference with our european partners with respect to ukraine. i did have a chance to take a look at the transcript. as far as i can tell, there was nothing new. >> nancy pelosi called the speech an insult to the intelligence of the united states. house speaker john boehner defined conservatives in his own party and let the house vote to fund homeland security through september that averted a partial shutdown of the agency. >> former cia director david petronius has omitted to sharing

tom: how about at vice? rocco: people still buy magazines to look at the advertisement, so that worked for so long. it is church and state and there is a third prong which is technology. technology, you look at ink on paper for so long. technology develops more quickly as we move through time. and you see pop-up ads. those quickly lost their value. you are seeing native advertising. whatever word you want to come up with it. there is going to be new platforms through which content and advertising are distributed. those three prongs in some ways is how i believe vice's revenue model works. i tried not to think about it while i was there. there is definitely like i see about magazines. that is what advertisers want. you do not want the acura ad next to a pile up on the freeway but you are buying the readership. or the viewership. i think the model at vice is similar. there is also a creative services division that i think the ultimate goal would not be to do anything that necessarily crosses that line and basi

betty liu: tom? tom colicchio: i think when we all started doing what we are doing, got into business, we were rallying against those restaurants that were around, that were established for a long time. we wanted to be independent. we wanted to do our own thing. the thought was never let's build something and it will be here for 100 years. certainly, when i was 26, when i had my first chef's job, i wasn't thinking along those lines. even when danny and i opened gramercy tavern, we were not thinking 20 years in the future. betty liu: but you were hoping it would be successful, obviously. tom colicchio: yeah. but when i started cooking, i had no idea that i would be working in new york. i started cooking in new jersey. we did not have a model for a young american chef doing whatever cuisine you are doing. that example of that kind of longevity. >> there was nobody to follow. >> prior to that, you didn't know about chefs. tom colicchio: getting the cooking job was the last thing you did after you got ou

tom: would you say you are all in the journalism business? [laughter] tom: ok. i mean, that was a question i wanted to ask not based on the answer people have given. there is a lot of new media that resists that word. that thinks no, that is somethi ng old, and we're inventing some thing you. max:-- something new. max: gawker's founder said that we do not do journalism, but we might do journalism accidentally. tom: what made you become journalists? max: it became clear that what we were doing was journalism. we always believed that allsup was news. -- that gossip was news. and if that is the case, then it gossiping was an active journalism. we have been doing news and porting for so long that it deems silly to -- reporting for so long that it seems silly to put up a falseruse. tom: what is the biggest mistake you think your organizations have made so far? [silence] [laughter] tom: i'm going to give you a pass, rocco. you start, maybe i will come back around. shani: i think one of the biggest mistakes we made is something a gawker reported on quite astutely. in t

tom, do you watch "house of cards." tom: i do not.as going to be a big government spending program and i was going to see if he thought congress would pass it. brendan: that is also my agenda. sam rayburn was speaker of the house for 17 years. john boehner only four years. it feels like it has been 10. he keeps hanging on. i think he is a survivor. tom: mine is greece. ithe article in the telegraph is superb. olivia: the murder of nemtsov. what is next for people in russia? masha: a lot of people are facing hard choices. stay in the country and fight or leave the country. i think people are going to fight from outside the country. the stakes are too high, the risks are too great. you risk everything when you go into the streets. you get nothing in return. tom: can you frame is this a putin that is soviet like? is it like a 1940's? is it stalinist ic? masha: i think it is to tall a terry and. -- total solitary and -- tota litarian. tom: how does your belief translate over to the rest of the russian people? >> there is almost no indepen

tom. tom: i bet they are. nicole petallides, thank you very much. here to help. chad. matt mccaul.itha herzog. scottie nell hughes. and joanie courtney. let's dig into the first real, real deal. matt, this was an ugly day on the market. what drove us down? matt: you see the headlines, we're concerned about a strong dollar. the us dollar is down slightly today. we've had a strong dollar. this is not new news. this is a bit of a break. we haven't had two consecutive updates in the s&p. we've seen this back and forth. that being said, we're only 2% off an all-time high. for me, it's profit taking near a high. energy stocks up. the technology got killed. semiconductors got killed. biotechs got killed. i hate to use this. people are getting off the risky stocks to the conservative ones. >> this market for those of us who watch it at amac ro level. above 18,000. we get these triple days. it seems like we're into that kind of pattern more than anything else. (?) >> you should expect more volatility going into this year as you saw over the last three years, the market hasn't corrected by 1

fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. >> there is late developing news tonight from a medical group that could have big implications in dozens of states across the country. many wrinkle creams come with high hopes, but hope... doesn't work on wrinkles. clinically proven neutrogena® rapid wrinkle repair with the fastest retinol formula available, it works on fine lines and even deep wrinkles. you'll see younger looking skin in just one week. stop hoping for results, and start seeing them. rapid wrinkle repair... ...and for dark spots rapid tone repair. from neutrogena®. oh, i love game night. ooh, it's a house and a car! so far, you're horrible at this, flo. yeah, no talent for drawing, flo. house! car! oh, raise the roof! no one? remember when we used to raise the roof, diane? oh, quiet, richard i'm trying t

kathy told me tom was up and about and making calls. tom picked up the phone and talked to me for three minutes. he spoke solely about his outrage concerning the rumors spread about his religion and how he should respond to those rumors. i told him i thought it was best to let others stand up for him. the threatened to kill himself and handed the phone to kathy, his wife. seconds later, i heard kathy say, he shot himself. kathy called 911 on another line while i stayed on the line with her until paramedics arrived. police have not said whether tom schweich made -- there are numerous calls, an unusual amount of evidence of why he did it. what had so upset him. what upset him is his pleef the chairman of the missouri republican party was falsely telling people he was jewish as a way to hurt his political career. the chairman of the missouri republican party, his name is john hancock. mr. hancock did not deny that he had been telling people that tom schweich was jewish. he sent a e-mail. he said until recently i mistakenly believed that he

tom costello. >> i said tom costello. >> that's quite all right. as you mentioned, this is runway 13 the plane came in on and comes short of that fence that is meant to prohibit and prevent any aircraft from them going into the water. clearly that happened exactly as planned. the md-88 was designed especially for delta airlines this is the md-80 family of planes and this particular series was built from the late a 80s through the mid-90s, flown exclusively by delta airlines the 88 is part of the md-80 series. it carries up to 155 passengers or so but the body language i think we're seeing from this home video is very important there with firefighters not necessarily as you can see in any sort of emergency urgent rome, they are not trying to ex extingish a fire. they are calmly trying to get the passengers off the right wing and down onto the ground. one challenge is going to be getting those people into the terminal as quickly as possible and getting them warmed up. >> we understand there were 125 customers on the flight, five crew members. this is

fagin what is toms river like today? >> toms river is a nice place to live. one of the things that concern me about the book coming out as i want to make sure people have the correct context for "tom's river."

>> larry: relax, tom. okay, you can say it. >> i don't know really... >> larry: we're just acting this out. remember, you're a member of the "we can't believe this (bleep)" players. >> tom: i can't believe you want me to say it. >> larry: tom, just say it. this is a safe space. that's why we're in this space because it's safe. whatever you say it's cone of silence in here. cone of silence. go for it. >> tom: okay. (deep breath) nigger, i can -- (yelling) >> mike: what did you say to me?! >> tom: it's in the script! and scene! and scene! you told me to say it. >> larry: you should know better! never believe anything i say when it comes to race! i race baited you! what's your problem? that's horrible, tom. >> i'm sorry! >> larry: let's pick it up again but don't talk all that racist (bleep). >> okay. >> larry: continue. tom: word i said before -- i can find something to lock you up on. >> mike: good luck with that. >> larry: the officer slams his face into the wall. >> tom: don't pass out (bleep) 'cuz i ain'

that is what tom schweich was up against. a uphill climb, right? what he called to talk to those reporters about last week minutes before he killed himself is the fact that john hancock had been telling republican donors and republican party activists in missouri that tom schweich was a jew. he was not a jew. his grandfather was. he believed that the republican party of missouri institutionally and in support of his campaign for governor, he believed that the chair of the party was spreading this false rumor that he was jewish as a way of trying to hurt tom schweich's chances of becoming governor. as those headlines started to bloom. an anti-semetic whisper campaign, they e-mailed out to members of the party saying yeah, he might have told people that he was jewish. he said i would like to set the record straight. until now i believed he was jewish. it is possible they mentioned tom's faith in passing during one of the many conversations i have each day. there was absolutely nothing malicious about my intent. the chairman later told reporters that

tom called this anti-semitism, and of course it was. the only reason for going around saying that someone is jewish is to make political profit from religious bigotry. someone said there is no difference than saying someone is presbyterian. when is the last time someone cycled up to you and whispered into your ear that such and such a person is a presbyterian? the message for the rest of us reflects my own emotion after learning of tom's death, which has been overwhelming anger that politics has gone so hideously wrong. and that the death of tom schweich is the natural consequence of what politics has become. since thursday some good people have said, well, that's just politics. and tom should have been less sensitive. he should have been tougher. he should have been able to take it. well, that is accepting politics in its present state. and that we cannot do. it amounts to blaming the victim and it creates a new normal where politics is only for the tough and the crude and the calloused. >> former missouri senator jack danforth today s

tom killing himself. one day after that john hancock said he was not going to resign or talk about this any more. he said he is sick and tire of even talking about it. i'm tired of talking about the controversy. i'm ready to move on beyond it. that same day, katherine hanoway started her canadadidacy back up again. spence jackson took a sick day, and some time that night or the next morning, he apparently killed hymn as we. he shot himself. sunday march 29th just after 7:00 p.m. police were called for a check well-being call for robert spence jackson. according to the caller he was unresponsive to phone calls or other attempts to raise him from the apartment. the apartment manager was able to provide a key. they located jackson in his bedroom. he died of an apparent self-inflicted gunshot wound. there was no signed of forced and try or a struggle. there was a firearm recovered and one spent round as well. i will answer questions and i will remind you this is an open investigation. some things i cannot ans

tom roussey explains why. tom, what is going on? tom: during construction, they may have to park at the top of the hill. the reason down piscataway drive, the role begin 18-foot crane and a lot of other construction equipment blocking the way. to get around, some folks are considering going by water. >> they have made some progress. it looks like a decent plan. >> we are skeptically happy. tom: tonight, the county told residents things will get worse before they get better. last spring, the hill above this hadaway drive gave way. to make it safe means six months of construction. no cars or people will be up to get past this section of piscataway drive. since this is the only road to 22 homes, residents who want to stay will have to go around. one option is walking down a steep hill through the woods but imagine doing this carrying groceries. >> i would rather go by water. tom: and that is with this person plans to do, park elsewhere and use her dock on the creek. >> we will help our neighbors as well. tom: for those who prefer land?

, tom. >> tom. >> tom cruise is looking to sell his home in los angeles. >> i think i've had an incrediblylluride. >> it's tom cruise's home.

>> let me go with the bear. >> larry: tom cruise. >> tom cruise? >> really?who said columbus day is a pretty lame holiday. i mean someone was eventually going to find america. think about it. >> oh my goodness. >> larry: which cruise? >> the bear again? >> larry: very good. ted the bear. ( applause ) okay. all right, lou, this is a tough one. "i had a very curly perm in the 80s. thanks to the way you make me feel michael jackson video. i like the girl in it." that's a tough one. >> who could that be? >> larry: think this one over, lou. >> it's got to be-- is it-- is it tom cruise? >> nocruise. >> larry: it's penelope. >> i didn't know she liked the girl in it. that upsets me wow. who knew. >> larry: who said you can't trust somebody who thinks you're crazy? think about that one. >> tom cruise. >> no penelope. that was right in front of you. i tonight know how you missed that one. damn kids being in the pool. who said that once again, i'm sorry. diit again. i did it again. my bad. once again. okay, on 9/11, i didn't like how rock music responded. >> sadly, i r