david: let's bring in tom murphy, joining us from sydney.ou think the chinese should wait until after the midterms. why? wait -- eightn or weeks from now and if the chinese were to just take this quite slowly and be able to assess the strength of the president as a result of the election. in other words, get to know how strong the position he is in before they compromise, they would probably be better off. you would almost argue at some point that compromising today and conceding on the u.s. election today is tantamount to election meddling because it would be so supportive of the president and the republican party platform to do so. the chinese have a lot of time in front of them and there really isn't a reason to go right to the negotiating table and concede today. i don't know if they will today, but i would like to see them take this a little slowly. eight weeks until the midterms and in the meantime, martens will be in limbo. a little vol here and there. you are advocating unique exposure, alternative asset. talk a little about that. th

somebody you and i both know and respect, tom murphy, said you are better off missing 5-6 good dealshan making one bad one. ken: you know how i tell people about deals? i tell them the best deals i ever did with the ones i didn't do. david: let's talk about those. what are the ones you are glad you didn't do that would have been a big mistake? ken: i don't want to name names. or i didn't understand what i was getting into, where i did not understand the business, where the surviving company's management, it was obvious they didn't have the basic leadership skills. that is what it is all about. what makes walmart the great company it was? and kmart, which was a giant compared to walmart when it started, is now bankrupt. gone. the old kmart went bankrupt. it is now part of sears, and they are struggling. what was the difference? people. sam walton. sam walton and all the people he had around him. tom cotton and david glass, and now more recently doug mcmillon. the guy who runs it now, he is fabulous. people. it is always the people. david: when you go in and take a look at a deal, how

somebody you and i both know and respect, tom murphy, said you are better off missing five to six good deals than making one bad one. ken: you know how i tell people about deals? i tell them the best deals i ever did with the ones i didn't do. david: let's talk about those. what are the ones you are glad you didn't do that would have been a big mistake? ken: i don't want to name names. or i didn't understand what i was getting into, where i did not understand the business, where the surviving company's management, it was obvious they didn't have the basic leadership skills. that is what it is all about. what makes walmart the great company it was? and kmart, which was a giant compared to walmart when it started, is now bankrupt. gone. the old kmart went bankrupt. it is now part of sears, and they are struggling. what was the difference? people. sam walton. sam walton and all the people he had around him. tom cotton and david glass, and now more recently doug mcmillon. the guy who runs it now, he is fabulous. people. it is always the people. david: when you go in and take a look at a de

this was an interview that david did with tom murphy who was the former chairman and ceo of cap citiesy take awhile i can read faster than i can listen to one. but i recommend that it was done with david novak it's a 28-minute podcast any time you get to listen to tom murphy, it's terrific. >> that's pretty high praise warren buffett admits he doesn't do much with technology. but he listens to your podcast >> that was a huge honor to learn that fantastic. >> let's talk about the financial crisis we have been doing remembrances this week. you had a seat at the table. you saw what happened. what can you tell us from a leadership perspective about what was happening there and what you dealt with. >> well, i thought that jay see dimon showed why he is renowned for the type of leader he is if you talk to jamie and i did in one of my podcasts, he said and i truly saw it in action what made jpmorgan chase so successful during this crisis was the processes in discipline and the transparency that was put in place before it so when the crisis happened, hundreds of people went into the office on

outdo each other on ratings. >> but at the heart of it, a real tenderness. ♪ >> now from "murphy" to "magnum" tomiences as the hawaii private eye. now in the driver's seat in that ferrari taking on a dream role in the reboot of "magnum p.i." >> i feel i absorbed the character when i dream about -- are you having dreams about yourself or tom selleck or -- >> no. not about the, definitely narcissist personality disorder. that being said, the moment i have a dream, i wake up and all right. it's in me. >> now, another reboot that's a go, "charmed." the supernatural series signed off in 2006 and originally starred shannen doherty, holly mary combs, alyssa milano. >> and admitted a little disappointed. >> i wish they would have come to us and we would have been involved, since the beginning, but having said that, i do hope that it reaches the newer generation and impacts that generation the way ours was able to do for its generation. >> they need to have her back. >> still ahead, "simpson" celebrate a tv milestone. ♪ >>> consideration provided by -- >>> tomorrow on "e.t." our one-on-one with john krasi

tom hanks will be your neighbor. your first look at him in the new mr. rogers movie. >> remember the big stars on "murphyl show up entonight's premier. >> won't that be a surprise? closed captioning provided by -- >>> that is your first look at tom hanks fully transformed as mr. rogers on the set of the upcomi upcoming unnamed film. the red sweater the khaki pants the hair. >> if you think it's a long time to wait on that-it's nothing compared to how long you will have to wait to see barbra on tv. last year, she cloned her dog. nancy got to the bottom of that too. >> my dogs are so adorable. i come home to them and three of them are at the door. >> i want to know about the cloning. >> i was so devoted to my 14-year-old dog samantha. she was like my daughter. she was an odd ball. i related to her. the only choice was to clone her. it was nothing. we had to put her to sleep. it was devastating. the doctor has to get a special kit to just get a few cells from the inside of her cheek and her little tummy on the outside. >> two of three of the pups are clones of samantha. the third is a rescue. she admits her

they are thank yous to luann besan, adam kim, gordon an mcmar, trevor mcneil, mike murphy, tuan win, and art tom for attending today's forum. okay. so we're going to start off -- we're going to begin, i guess the best way to put it. so i have the questions here -- again, please, if you have questions that you want to ask, please write them down and give them to the volunteers who will be up and down the aisles, looking for your questions. so the first question, did you hear that part about fill out the card and give it to the volunteers? thank you. i'm going to get this right, but it's early saturday morning. okay. we're going to start off with miss basan, and the questions will be asked in alphabetical order. the first question, over the last five years, in your opinion, have elected officials moved the city in the right direction or the wrong direction, and why do you feel the way you feel? >> my opinion is that the city officials -- [inaudible] >> thank you. my opinion is that the city officials have not moved our city in the right direction at all. i think that they have moved the city to a

tom hanks will be your neighbor. your first look at him in the new mr. rogers movie. >> remember the big stars on "murphy's premier. >> won't that be a surprise? closed captioning provided by -- washed up? never. sometimes. l'oreal age perfect rosy tone moisturizer. increases cell renewal. boosts skin's rosy tone... instantly. age perfect rosy tone from l'oreal paris. and we're still worth it. falsethe falsies mascara real. from maybelline new york. corner-to-corner volume. no gaps. for false lash glam that challenges fake. never fake, always falsies. the falsies mascara. only from maybelline new york. >>> that is your first look at tom hanks fully transformed as mr. rogers on the set of the upcomi upcoming unnamed film. the red sweater the khaki pants the hair. >> if you think it's a long time to wait on that-it's nothing compared to how long you will have to wait to see barbra on tv. last year, she cloned her dog. nancy got to the bottom of that too. >> my dogs are so adorable. i come home to them and three of them are at the door. >> i want to know about the cloning. >> i was so devoted to my 14-year-