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 farallon in 1986 with $8 million, and by the time he stepped down in 2012, he 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: he believes building the pipeline will escalate the production of the controversial canadian oil sands. tom: so the question here in my mi

tom: can you come back? olivia: tom wants to talk about stem. if you look at the number between black and latino kids it's not fair and we're doing something about it. tom: i looked at a math problem this weekend and about died, how about this the euro weaker. tom: road trip, get off the gulf screen. hillary clinton goes voter to voter in iowa. the spring i.m.f. meetings are this week. martin feldstein joining us this hour. the american consumer is more confident they are saving for a rainy day. good morning everyone. this is bloomberg "surveillance." live from our world headquarters in new york. it's monday, april 13. i'm tom keen joining me is olivia sterps. brendan greeley off today. let's get to our top headlines. olivia: the suspense is over, hillary clinton is in the racened the former secretary of state has begun her prep for become president. she announced it online. hillary: i'm running for president. americans have fought their way back from tough economic times but the deck is still stacked in favor of those at the top. every day amer

tom? tom: very good. busy day of economics, and we have a terrific set of guests lined up to help enthuse morning. we got a special guest in this hour as well on retirement. futures, negative. the 10-year -- the euro rather over 110. that's a big deal. big deal stronger euro confounding the parity crew. let's go to our second showing better than good, way below 13. complacency in the markets as we go to the fed meeting with our full coverage this afternoon on bloomberg television. sterling on a tear. there's no other way to describe it. stronger sterling, 1.5370. i threw in yen. and again, that's a big deal as abe visits washington. let's go to the mac monitor and get excited about american economic growth. this is maybe the most emotional chart for millennials, brendan, that exists. your note was fourth quarter moving average back to the 90's 2001 recession this was kind of like here's what was. and here's where we are now with today's number roughly 1%, and here's what was. this is what the benchmark of

tom: tom's sell, tom buy. olivia: it plunged before the crisis. this is a great story.. we are affirming the forecast. more details on the complexity. olivia: caterpillar rea forming -- the caterpillar reaffirming the forecast. tell me about the american business of caterpillar. does it have momentum? >> the one piece of good news was north american. mind america has been weak. olivia: estimates of 135. previously the forecast was for $4.75. >> you have to deal -- you have to dig deep with caterpillar. it will be a profitable business. tom: what is the distinction between caterpillar and john deere? john deere makes a little zamboni for your backyard ice rink and sam -- and caterpillar does not. >> john deere is 80% farm equipment. olivia: part of the reason is the sale of a unit stake. they thought there was a good chance for a first quarter beat. it is -- because of backlog. >> energy is not down yet. i go to don vos, every banner says the word infrastructure. that has to be cat and u.s. friendly. >> globally is not happening. the u.s. can marshall construction -- the

tom: it is.an, our peter cook from washington in new york today will have an important conversation on senate activity. and then a very important -- this is a must watch him must listen, barry ritholtz will join us for a discussion on valuation within the market, and yes, we will talk enterprise value which is always a good thing. right now, and morgan stanley has made a set of calls in the past days, never weaker euro under parity or through parity i should say, stronger dollar of course linked two that come in all of this type to ellen zentner's call on the fed. she is of course chief u.s. economist at morgan stanley. obviously what everyone wants to know, ellen, is this a capitulation of your outlier call back to consensus, or do you still feel consensus will come to december 16? ellen: it has raised eyebrows. it has been about two years that we've had a call for the fed to hike breaks in -- hike rates in 2016. the winds have been shifting in that direction 40 later rate hikes, we think of dec

tom: delta has their own refinery? brendan: yes. tom: let's get you top headlines.opean union today is accusing google of dominance of the internet search market. that was pretty much expected after a four-year investigation but now the eu says it will also investigate google's android mobile falling -- mobile phone system. google has 10 weeks to respond. an economy has not been a sluggish in china's financial crisis. the first quarter rose at the weakest patients 2009. the annual rate was 7% in line with economists forecast. it all points to the slowdown just getting worse. china is trying to transition to an economy where can toomer services are -- where consumer services are a bigger share. >> it is sure momentum, although in general still small in size, although growing fast. we are still relying on a traditional growth engine and that is declining and has huge economic impact in the short-term. olivia: that is all fueling speculation that china will have to take more steps to fuel -- stimulate its economy. president obama is agreeing to a compromise that would

tom: interesting.e technocratic excellence they are so invested in how do we use the fruits of oil for the betterment of the population? they have big programs to try to improve health, education. tom: this is a critical issue. the idea of nationhood and nationality coming out of three generations. olivia: yes. the borders drawn in the post-world war i settlement. the new gentleman who has been promoted to number two is leading the charge of the sunni coalition dropping bombs on yemen. why is that such a significant move? admiral stavridis: the thing i would add about saudi arabia is their view of iran and the geopolitical competition that they face, which has religious roots with sunni and shia, but it is great power politics. it is an arab coalition. it is a sunni coalition to stand against the shia world. that is the uber story that is unfolding. tom: two olivia's point on yemen, how does the united states respond? admiral stavridis: we have to maintain our connection with the saudi's. they are lead

tom: what do we do? brendan: read the book, tom. is i own it, here is what i did to contribute to the whack, and there are several steps to changing the way you approach the markets and a strategy. brendan: when you talk of a that tom talked about, the action blockers, your vice in the book is very clear -- get rid of them, fire them. tom: how do you fire somewhat? jack: with dignity. anybody who is fired is surprised, it is the boss' fault. no employees should ever be surprised. we have talked to a million people as we gone around the world -- suzy: literally. jack: literally in the last 10 years come and we ask people -- do you know where you stand in your company? we do not get 10% of the crowd raising their hands. people working in a job where their bosses are not telling them what they need to do to improve -- tom: can you tell olivia with that accent that he was captain of the salem massachusetts hockey team? olivia: i could. why is an mba not worth it? i have a lot of friends a bit fiscal taking out $30,000 loans. jack: we do

when tom demands changes to the show. tom: yes.ascinated by the title of the magazine. brendan: we've been telling ourselves about the narrative of china. what is the short version of this change? justin: look the anti-corruption campaign. the key to what's going on is jinping's massive campaign. if we're not going to make fun of fundamental change, can we make it at least appear to be working for everyone? brendan: i've got to jump in right there. we will move back to thus this year. come blast time warner table. we will look at the ripple effect. this is "bloomberg surveillance." good morning. ♪ tom: morning in washington. i mean m.o.u. washington. it is a gray cloudy washington this morning. let me go to the monitor to the bloomberg terminal and look at a chart we've look at for years which is a difference in yield between greece and jeremy. normality down year. no spread. this is wonderful. here's the ugliness of a few years ago. beginning of a crisis. out to significant restructuring in greece. and thinks are quite good. and b

fast in tom's office. fast in other tom's office.ast 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: here is a big name that you know. strong sales growth at domino's pizza. shares hitting brand new high, is $10 earlier. -- $110. shares up more than 30% compared to this time last year. good stock to put in your pocket. >>> they're not picking up the phone at the irs. the commissioner is asking for more funding for customer service but don't you worry the irs will still pay bonuses. monica, i can't believe this story. they, he is crying for money but he pays bonuses? >> by the way i love that they refer to us taxpayers as customers like customer service for the taxpayer. tom: yeah. >> this is total coercion by government. you must pay your taxes or we will put you in jail. tom: irs stands for, i'm really sorry. >> they're no so sorry. i'm really sorry that i owe so mu

tom: do you lobby for selected groups? >> no. tom: did they call you? >> we tend to look at this and think about what is best for the country. tom: what would you say to senator schumer this morning? he is a 1940's, 1970's mode whatever. >> it is global. that is the only way it has to work. we have to make these changes because we have to compete in the marketplace overall. brendan: what has changed to allow this to happen? >> i don't know what happened but it did happen. it is probably because this is good for the country. we need to be more competitive. brendan: there has always been the argument that trade is good for everybody overall and there has always been the resistance from unions. it is an ancient dance, as tom described it. the unions to not have the power they used to. the argument you are advancing his winning the day. what i can't figure out is what has shifted in the last five years? >> may be something in the politics that is behind the scenes to bring the country back to more normalcy. i am hoping that is the case. brendan: nothing has

it is possibly older than you, tom. tom: it is wise guy. back to the terminal, the caution that you have shown about the american economic experiment goes back to a vitality that creates jobs. it is getting better for a lot of america. why is so much else of america struggling? stephen: i'm in the larry summerscular stagnation camp. we have tried to squeeze too much juice out of the lemon. we opted for financial engineering through bubbles and that provides temporary gratification but ultimately comes back to bite you with balance sheet recessions. we are in one now. tom: do you just presume when we finally start to raise rates we have great instability? stephen: we will definitely have difficulty in dealing with another piece of bubble induced economic activity as we are doing right now. the debt overhang is there and inability of the economy to generate sustained job growth and income generation through normal economic fundamentals remains a profound problem for the u.s. economy. brendan: four years ago a book was written about secular st

tom: it is jobs day.oming up jim glassman will join us and bill glass will join us and bill gross will join us. ♪ tom: we give you greetings on this good friday. olivia: i would say spring has sprung. the pothole meter is off the chart. it is time for a morning must read. this is on the statistician out of france. olivia: it is a leading indicator. how the easter bunnies got just so watch. if you shop around, you can find an easter bunny for three dollars. you could buy about half a bunny today. minimum wage can buy you several bunnies. alan krueger, is this advance in technology and the consequential off shoring for manufacturing is this what is keeping a list on wages? guest: we are seeing signs of food inflation. i think there is a limit to how much technology can reduce inflation. there are three main theories about why wages -- guest: companies do not feel like them money to pay. you look at profits as a share of gdp. there is an idea that janet yellen in the down term, since wages are sticky, they d

tom: very good.will announce he said he would like to run from resident, he will do that from his louisville kentucky this morning. big time festivities. our mark halperin is there, and he will join us here on "bloomberg surveillance." let me do a data check, 10-year yield, 1.90%. stay with us, "bloomberg surveillance." ♪ [office phone chatter] [frogs croaking] you know what, let me call you back. what are you doing?! [scream] [frogs croaking] [yelling and screaming] it's back! xfinity watchathon week. the biggest week in television history. it's your all-access binge-watching pass to tv's hottest shows, free with xfinity on demand. xfinity watchathon week. now through april 12th. perfect for people who really love tv. tom: good morning everyone. "bloomberg surveillance." frank keating with us, the 25th governor of the state of oklahoma, this as we prepare to go to louisville, kentucky, and our mark halperin. per capita income in america the white line is kentucky, the redline is booming, texas parti

tom: dr.the trend is that developed nations have a lot to learn over struggles in banking in pakistan or kenya. what does this mean in america? leora: in the u.s., we are finding that people are harnessing the convenience of their mobile phones to make payments from their accounts. about one quarter of account holders in the u.s. report using an act, whether paypal or a big gap, to make payment -- or a bank app, to make payments to wait from their phone. brendan: are we seeing this replace more cultural forms of saving? leora: absolutely. previously, people were saving under their mattress or in some other unsafe way. increasingly, people are saving with an institution. although there may not be a bank branch in the village, there may be a mom-and-pop merchant that is acting as an agent on behalf of the bank. for example, in africa i met a woman who saved in five of these communities and had rotating savings groups. they expect the poor to steal their money. rather than having it saved in thei

tom: exactly. speak with sir martin in our next hour, always interesting on his united kingdom elections. sir martin also on, don't count newspapers out quite yet. i like that too. we'll see in our next hour. also, we go to new delhi as we try to go to kathmandu. stay with us. ♪ tom: good morning, everyone. we need the single best chart. when brendan greeley joins us from washington, d.c. brendan, what are you doing in washington, recovering from the party? brendan: it is not what you think, tom. i'm actually the least important journalist in america. when everybody was flying out of washington, d.c., yesterday, i was actually flying in. in fact, i met some of our staff leaving the event as i got to the ronald reagan airport. but i am here in town today. i have a conversation today with secretary of the treasury, jack lew, and secretary of transportation, anthony fox, to talk about infrastructure, and that is the subject of today's single best chart. the highway trust fund is running out of money.

tom: unlike u.s.ernstein, you have the responsibly billy as the chief financial officer instead. apple had a 3h coupon bond a number of months ago. it is trading in premium now to its offer. it is a time of free money. we knew what the beleaguered do. how does a giant like apple work when money costs nothing? prof. hintz: they finance. why would apple need to finance with a positive cash flow like they have? they would not technically. but these guys are looking out further, they are looking out into a world where rates will rise, and in that environment they should have some level of leverage. they are being handed an economic gain by the marketplace. tom: professor hintz, professor hintz, are they un-american because they have all of that money abroad between the bond deal to bring money back to the fatcats that own apple? prof. hintz: [laughs] the answer is no. what is the motivation? the motivation is to the shareholders. minimize your tax liability, do not bring it back. now, you change the rules

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. . tom: jesse jackson wants racial diversity in silicon valley where is the political diversity? last night national journal's rebecca nelson found conservatives in the tech world who live in fear of losing their jobs. >> silicon valley has long been this bastion of liberalism. no republican presidential nominee has won any county in the bay area since 1988. president obama won 84% of the vote in san francisco in 2014. it's long been, you know this -- there's liberal supremacy there and they're worried to speak their minds to go against it. tom: democratic strategist jessica tarlov says it is not a problem because republicans are not a protected class but attorney eric custer says it doesn't make it right. start with you jessica on this business the fact that republicans

tom: a little bit of that. mostly what it is is what is the "umph" to get us back to the good feelings. brendan: "umph" is a technical term. olivia: cheap power. tom: let's look at our international relations today. that means latvia. meeting in riga. boring from the usual suspects. hans nichols is in riga. one big yawn. what do you want to glean on friday? hans: it was a headline until the headline crossed moments ago on the bloomberg terminal that said yanis varoufakis took "a hammering" inside the meeting. according to three people familiar with the talks. some complaints, accusations against varoufakis was that he was an immature, a gambler, a time waster. intense comments directed at yanis varoufakis. it's breaking up shortly and we expect everyone to go to the cameras. for a sense of how frustrating finance ministers were have a look at what mr. dijsselbloem the your group president said. mr. dijsselbloem: it's a matter of urgency for the greek side to get the deal to make sure there is enough money avail

tom: so can i lie about this?to be a serious lie to get past the point where a court would actually look at it. when you're talking about a public figure and talking about campaign season especially, it has to be actual malice. tom: harry reid said he lost didn't he? so i guess it was okay. >> you have to have reckless disregard. chances are the courts are going to throw it out. they don't want to be inundated every time there's dredging of the truth in a campaign advertisement and they want to rely on the voters to make those determinations. tom: heather hanson thank you so much. in the meantime, how rand paul can defend himself without appearing thin skin. it's good to see you. where do you start with this? it seems like a campaign people should be telling him how to respond as opposed to using lawyers. >> yes, i think he has to learn how to kill them with kindness and instead of having, you know tons of are bewkes, he needs to have a softer touch of right now instead of having a softer touch with witty rebuke h

tom: the greek spreads have widened. in the last 20 minutes we got the new idea of greek spreads widening. olivia: i wish you were hear to go through the churn. two year yield that 23%. german debt, 10 year trading at 0.09%. that is unbelievably low. the average yield on german debt is negative. who are you looking forward to speaking with? tom: madame lagarde in our 10:00 hour. before that ken rogoff of harvard, jacob frenkel, formerly of the bank of israel and now at j.p. morgan, in moments, a conversation with john lipsky of johns hopkins. olivia: speaking of washington, d.c., yesterday on capitol hill, a surprise raising concerns about the security. a gyrocopter landed, the pilot was arrested. the tampa bay times reports that the pilot was a 61 euro postal worker who wanted to deliver a message. his act of civil disobedience was in protest to campaign reform laws. a friend was worried he would get shot down so a friend called the secret service. for the first time in five years, the way president obama is handling th

tom: no doubt about it -- in the game against boston. tom: no doubt about it.via: look at this. in spain, the world's most dangerous footpath, kings little path. it hangs 300 30 feet above water. it is nearly five miles long. it was closed after two fatal accident in 1999 and 2000. tom: that is the footpath? olivia: that is the footpath. tom: you are kidding me. we are not doing a remote. unbelievable. and now it is open again. olivia: are number one photo of the day. it is easter this sunday. wouldn't you like a giant chocolate bar of benedict cumberbatch? 500 belgian chocolate bars were made -- were used to make this. it is six feet tall. the creation followed a national poll which named benedict cumberbatch as britain's diniest? brendan: his shorthand name in china is "curly blessing." olivia: his hair is not that curly. who knows? obviously the wax museums are a big hit, and now there is a giant chocolate benedict cumberbatch prince still to come, we are going to talk about more serious things. ceo's are taking a stand against indiana upon controversial law

tom: how about at vice? rocco: that worked for so long so 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 pilot on the freeway but you are buying the readership. or the viewership. i think the model add -- at vice is similar. the ultimate goal would not be to do anything that necessarily crosses that line and basically because of our content, we are with brands closely or because -- working with brands closely so they th

david: going on to death senator tom carper: when i -- going on to -- senator tom carper: when i graduated from ohio state, i did not want to stay in the navy forever. i wanted to do my time and serve, i liked the movie but i wanted to do my time and be on to other things -- the navy but i wanted to do my time and be on to other things. i was interested in business and thought what can you do in the navy? i could be a supply officer and that would use my undergraduate training. but i was also interested in aviation. it was his very tough choice and in the end i almost flipped a coin and ended up going to pensacola. i could have been a pilot, they taught us to fly my junior year. i did not want to stay for the extended period of time to become a navy aviator. five years instead of six. thought i would try that. david: you knew going in, it was the five-year instead of the six-year commitment. now it is a five-year commitment if you are a pilot. going in, most aviators at the time, they want jets. they want to fly jets. senator tom carper: i like the idea of landing on land every night. the

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

tom waterhouse has the story. tom: it was most surprised the french president shows a visit to this vactry in northern france to celebrate the fact that country's economy is forecast to forge ahead. >> our very economy is recovering. the figures published this morning confirms that but it's recovering slowly. wrer talking about a growth rate of more than 1% in 2015 but we should have bigger ambitions and we need more than 1% growth to create jobs. tom: the figure from france's national statistics bureau show the economy will grow by 1.4% in the first quarter and more in the second. they won't be enough to drive down unemployment levels set to hit a 17-year record high of 10.6% this year. hollande says he won't seek re-election if he can't help that trend. on friday he announced a new three-point plan to boost private sectsor investment. including additional loans and tax breaks. the national statistics office has said its figures are not likely to get businesses investing. the attitude of business leaders is likel

tom: some people do. [laughter] tom: rocco, what is the essence of vice's growth? rocco: we started as a print product. i think max and i can agree on this, but at the sake of argument emergent yourself in stories on a lesser level, i don't know./ -- emerging yourself in the stories, and transparency, but on a lesser level. i don't know. you're being very honest about your own experience, not getting in the way of the story. i think that translate to video s to video very well. it is interesting how that might translate to social. i don't know how that works. we are seeing things like that emerge. we were talking earlier about snapchat. it is fleeting, it makes you feel like you have an exclusive on something. that may be the next frontier on how we interact the news. one thing that vice has taken from the old guard is listening to its readers and viewers. those are the people at the end of the day that you have to answer to. tom: dean in seeing with them. rocco: i think so, and finding and keeping the pulse on of the zeitgeist. tom: which is it different from the

similar tom carper: and -- senator tom carper: and riding out the hurricane was an adventure. getting bounced around in your bunk, trying to eat a meal in your quarters. i remember thinking, you know, maybe i do not want to be on a ship. maybe there is a better life out there for me then navy aviation. david: you mentioned the civil air patrol so obviously you have the air bug at an early age and i assume this did nothing to dissuade you from this. can you talk a bit about your decision-making process? senator tom carper: the second cruise was at the end of my sophomore year. it was bifurcated into two parts. we went to little creek, virginia, the landing training school. i remember going there a couple of days early with one of my best friends from ohio state gary, also a midshipman. we got there early. we camped out on virginia beach and went to a great concert. i said earlier in the summer, in newport, i did not see it but i was there the same night that bob dylan was booed. when he did rock 'n roll. a year later we were on virginia beach and we went to a concert by the byr

david: going on to death senator tom carper: when i -- going on to -- senator tom carper: when i graduated from ohio state i did not want to stay in the navy forever. i wanted to do my time and serve, i liked the movie but i wanted to do my time and be on to other things -- the navy but i wanted to do my time and be on to other things. i was interested in business and thought what can you do in the navy? i could be a supply officer and that would use my undergraduate training. but i was also interested in aviation. it was his very tough choice and in the end i almost flipped a coin and ended up going to pensacola. i could have been a pilot they taught us to fly my junior year. i did not want to stay for the extended period of time to become a navy aviator. five years instead of sex. -- instead of six. thought i would try that. david: you knew going in, it was the five-year instead of the six-year commitment. now it is a five-year commitment if you are a pilot. going in, most aviators at the time they want jets. they want to fly jets. senator tom carper: i like the idea of landing on land e

betty: when we return, tom steyer's paradise.unning this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? ♪ betty: the northern california coast is one of the most picturesque places in the united states, so it's no wonder this is where billionaire tom steyer spends his time. a few miles inland from the pacific is the 1,800 acre ranch steyer and his wife kathryn taylor bought in 2002. only an hour outside of san francisco, it's a world away. buying this ranch, was it your idea or your wife's idea? steyer: i think you can only blame my wife for that one. originally we bought it because the land had been so misused, you could dump stuff here if you paid them a fee. there had been a d.e.a. raid. they had people -- betty: why? steyer: i think they were growing dope. betty: oh. running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? steyer: i'll tell you how it's the same and how it's incredibly different. it's the same in the sense that you think this looks

reporting live in west baltimore, tom roussey, abc 7 news. leon: thank you, tom. tonight's demonstration showed a different tone and feel from the violent riots monday night. a total of 235 people have been arrested, that night and now. about 100 of them have been released. by law anyone held 48 hours without receiving charging documents has to be released. alison: tonight, united voices questioning the city's response to the crisis. a crowd of leaders and gang members are pressing for answers. some criticize the curfew, others demanding an update on the investigation into freddie gray's death. richard reeve is live at baltimore city hall with this. richard? richard: certainly a different atmosphere at city hall. this is where the media is pretty much headquartered, and over here we have some of the national guard troops. this meeting was actually held outside of a church, a fascinating group of people come including gang members, talking about the future of their city. >> our children are not thugs. richard: after all the violence, the protests, the unrest -- bal

i ask you, tom. tom: no. because the reality is that these people have chosen to join a group that plots to kill as many civil yaverpbs as it can, that has been doing that. the reality is that the signature profiling in terms of strikes, it's more than seeing people and thinking that they look like nate iveks to the particular area. it's about networks, the areas they've been visiting. the nature of the threat is you have to address these people. good example google a pakistani man killed in a drone strike but it later turned out they knew he was involved in the 2006 translate -- atlantic plot. if he had been killed he would have killed thousands of people. john: is there a political incentive for the president to take full responsibility? clarence: of course. at the same time, this question about shooting or killing a u.s. citizen, we wouldn't have this argument if we actually had a formally declared war. since we don't, it's really untested legal ground whether a president can legally do what is already bei

tom: it's pretty rare. our structure is such that basically a handful of winners need to pay for all of the companies that don't generate revenue. so a venture investor really wants to go long ball. we want to encourage companies to grow aggressively and quickly. the only time he would be in a position to give a smaller amount of money is when you are trying to support a company just for a relationship. emily: so what is your take on vessel or slack? this might be the fastest growing start up of all time if you're just looking at the valuation number alone. tom: i think it's really exciting. these companies are growing really fast. they are potentially really disruptive. that's a phenomenal positive attribute of the environment. i think the questions about the environment are, there is three times as much capital being invested live -- being invested by ventures. we ran an analysis that red point and found that there are about 211 ipo sized private financings last year. a used to be you had the same number

>> tom, thanks. diaper-changing tables may soon be making their way into the men's room at least if you hiv in new york. today new york senator brad holman is introducing a bill he hopes will make that happen. the bill would require all new buildings in largely renovated bathrooms in the state to have changing tables in both female and male public bathrooms and he's not the only one. celebrity dad ashton kutcher recently took to twitter complaining accessible for dads not even celebrity dads. if approved, the bill would go into effect pretty much immediately there. >>> you're a dad, what do you think of that? >> two times over. i say anything that makes that experience easier i'm all for it. >> i asked the guys who sit near me in the newsroom those who are not fathers yet found it was a great idea but one father i talked to said he'd have to think about. >> it you have to go through the experience first and then you'd be on the team of the changing tables in the bathroom. >> there's something that th

tom roussey is on the scene. tom, what is the latest? tom: that is what we are hearing, somebody set this on purpose and the atf is investigating. this is north chester street behind me. firefighters from baltimore fire had been fighting this just about two hours now, proving very difficult to get it out. this is a very sad story because this fire that was set on purpose destroyed something that was going to be a very good thing for the community. this is video shortly after we arrived. i talked with the pastor of southern baptist church, which is catty corner to the construction site. this was an eight year dream of the church's building 60 senior housing units on this property. there was also going to be health care for the seniors. they say it was going to be a wonderful thing for the elderly and the community but tonight somebody said it on fire on purpose and has burned down the drain. the pastor vowed to rebuild. here is what he said. >> we marched down north avenue to quell the chaos. then i heard about this building burning down.

live in northeast, tom roussey abc 7 news. leon: thank you tom. as we mentioned, a big part of the story was in suitland, where a guard was shot at the u.s. census bureau and employees were on block down. roz plater is live tonight in suitland with the story. what is happening right now, roz? roz: things are beginning to get back to normal. the main roadway has reopened. we have a fire truck heading our way. there are still some officers at the front gate as this is an active investigation. this all began at about 6:15 tonight. we will show you what it looked like when we arrived shortly thereafter. things were very chaotic and there was a massive police presence at the census bureau gate on silver hill road, the site where the guard was shot. paramedics thought he was shot in the chest and critically injured. the facility immediately went on lock down, with workers told to shelter in place. we spotted swat teams with weapons drawn, focusing their attention on the parking garage near the front gate. as the night went on, the search continued, tact

tom hayden?alking about individuals have fled to cuba after being charged with crimes here. and whatever we think of those individuals, and you have interviewed some of them, they are not state entities. cuba is not a state sponsor of terrorism. and they're not going to be returned to the united states in any event. they were left out of the negotiations. rubio is trying to put them back down go. i don't think that is a good presidential -- amy: what you think should happen to a solder should core who was convicted of killing a police officer trooper, after being pulled over on the new jersey turnpike. this is something she absolutely denies. the encounter left both the officer and black panther shakur dead. assata shakur said she was shot by police with both arms in the air, then he can in the back sentenced to life in prison but was able to escape to cuba or she is lived since 1984 and there have been discussions. will this be put back on the table? >> i think it will be discussed. i don't thin

tom roussey is live at the capital with the latest. tom? tom: exactly one week ago, the gyrocopter landed on the spot, close to the capital. tonight, some of the people who work there have serious questions about what happened and afterwards they spoke to the media. >> he is lucky to be alive. he should have been blown out of the air and could have been. tom: the house oversight committee chairman said that after a briefing with the secret service and the capitol police about the gyrocopter. >> it was me, i would have taken care of the problem. tom: the gave new details boat happened a week ago. >> there were multiple weapons trained on it and they elected not to fire. tom: they were told the decision not to fire was a judgment call. >> they were worried about people on the ground. tom: pilot doug hughes flew 30 miles and restricted airspace. they said that communications between agencies worked for, at times parts of the capital put on lockdown, but lawmakers were not told. they say the agencies need to take this very seriously. >> they ha

tom: nobody answered at teeters;' hyattsville apartment. said he did not know what he had hit and felt it was too dangerous to check. court documents say they were looking for a 10-year-old toyota sienna van dark blue, similar to this one. they used maryland dmv records to track down teeter. >> how can you kill a person and flee the scene? leon: expect a big announcement from hillary clinton sunday, expected to announce she is running for president in 2016. clinton will make the announcement on a video posted to social media, according to people familiar with the plan. ahead of that announcement, the owners of names including hillary clinton's name are getting greedy. the minimum bid for vote hillary.com stands at $50,000. another republican contender is expected to announce his presidential candidacy. senator marco rubio of florida will likely throw his hat into the ring monday. ahead of the april 15 deadline, the first family filed their income tax returns. president obama and the first lady paid more than $92,000 a federal income taxes l

that tear gas and smoke about 20 minutes ago, tom? tom: that's right, within the last half-hour, things got crazy, but right now things have calmed down. the police line behind me has advanced over the past hour quite a bit from where they were before. you basically had a situation where things were being thrown at the police, fire crackers, and eventually they fired back. this is what they fired back, teargas canisters into the crowd. here is video that was going on with the past half hour. initially bottles were being thrown, a lot of them plastic some of them glass. then many guys with their faces covered threw firecrackers at the police. soon after the tear gas started coming into the crowd. not long after that, a lot of the crowd th things at the police dispersed. it is been a very unusual, surreal night. we have seen a mixture of a lot of things, one of them being a street party. >> this is far from over. tom: there are 2000 national guard troops and 1000 police office from all over maryland, d.c., pennsylvania, and new jersey.

tom, what's the story? tom: just to give a sense of how close this gyrocopter got to the capital, it basically landed right near this cone and there is the capital, just a football field away. tonight we are learning a lot more about the man who flew here. >> i'm going to land in front of the capitol building. tom: that is doug hughes telling "the tampa bay times" he plan to do exactly what happened. >> i don't believe anybody is personally taking responsibility for what is going on for publicly executing some money for a inactive dissent. tom: oh my insecurity was prepared to shoot him down if he got closer. instead, they took him into custody. this is a reporter who said hughes contacted him out of the blue about a year ago. >> he thought if i do a stunt big enough, i can get people's attention. tom: a search by abc 7 shows that hughes has no record besides a traffic offense. in the video he said he wants to commit civil this obedience to have campaign-finance reform. >> i want them to change the governme