i would also say that those who are concerned about this, i think they underappreciate how much better our tax system will be with this kind of provision. reporter: just a quick follow-up. the speaker: you got me going on tax reform. sorry. reporter: but you're not concerned that growing republican opposition to the border adjusted tax will jeopardize tax reform? the speaker: no i don't. look at the books written by the 1986 tax reform. that's when we did the tax reform. it will be up and down and going to be on and off. you're going to report 150 stories on tax reform between now and when we get tax reform one. we are doing tax reform. tax reform is going to happen. you know why tax reform is going to happen? because it has to happen. america has the worst tax code in the industrialized world. it is killing economic growth. it is driving companies to become foreign companies. more and more and more are u.s. companies going to leave this country because of our tax laws or get bought by foreign companies and we will lose our employers. we will lose economic growth. this is -- to our eco

we think it is very much under the radar and underappreciated. >> you say there's a recent price increase in the price of cement and wall board. that works for them or against them? >> that's a positive. >> we would like to find companies who sell products that are exhibiting pricing power. when you're able to raise the price of your product, it allows to you expand your profit margins and see hire earnings and ultimately earnings drive stock prices. >> on that note, thank you for joining us. eric marshall with the small cap fund. that will do it for "nightly business report" the tonight. i'm sue herera. thanks for joining thus week. we'll see you coming up on monday. >> "nightly business report" has been fund in the part by -- >> all it takes is a spark. one idea to take flight. the courage to seek the unknown tox. to explore a different perspective. at nasdaq we connect the world, its ideas, its capital, its businesses, the people that drive global economy. the future isn't tomorrow. it's right now. all it takes is a spark. nasdaq. >> this is "bbc world news america." funding of this pr

it is about the life and times of james baldwin, one of the most underappreciated writer of letters in the history of this country, but thing document just going to change all of that and james baldwin is about to undergo a significant and necessary renaissance. i'm homeownered to have you here. >> thank you very much. >> thank you. >> thanks for coming to see pus. >> thank you for inviting us. thanks for watching and as always, keep the faith. >> for more information on today's show, visit tavis smiley at pbs.org. >>> hi i'm tavis smiley, join me next time as we take a deep dive into what's happening around the country. that's next time. we'll see you then. >>> and by contributions to your pbs station from viewers like you. thank you. - today on america's test kitchen, julia prepares slow-roasted chicken parts in shallot-garlic pan sauce, adam reviews carbon steel chef's knives in the equipment corner, and bridget prepares boiled potatoes with black olive tapenade. america's test kitchen is brought to you by dcs. dcs: manufacturers of professionally styled indoor and outdoor kitchen e

it is about the life and times of james baldwin, one of the most underappreciated writer of letters in the history of this country, but thing document just going to change all of that and james baldwin is about to undergo a significant and necessary renaissance. i'm homeownered to have you here. >> thank you very much. >> thank you. >> thanks for coming to see pus. >> thank you for inviting us. thanks for watching and as always, keep the faith. >> for more information on today's show, visit tavis smiley at pbs.org. >>> hi i'm tavis smiley, join me next time as we take a deep dive into what's happening around the country. that's next time. we'll see you then. >>> and by contributions to your pbs station from viewers like you. thank you. >>> good evening from los angeles i'm tavis smiley, president donald trump has invited israeli prime minister benjamin netanyahu to meet with him this month at the white house. on top of the drama, what's to come of our relationship with israel? can the u.s. be an honest broker in this conflict given the, controversial but unequivocal pro israeli tweets

like many first ladies was severely underestimated when she came into office and she is still underappreciated. was highly strategic first lady, really a team player, eally wanted to help the president, wanted to help the administration and what the did and host: lauren wright, your commentos laura bush and her role as the -- really instigator behind the national book what mh had atives that she expertise in, yes, she was very comfortable speaking about a very n, but that was effective frame for the act.hild-left-behind i test those frame necessary my book and numerically, people are supportive of that act after seeing appeal from mrs. bush versus the same exact one a vice president or president bush. broke new o really ground with afghan women's initiative. effect, a similar people perceived the war on differently after they heard mrs. bush talk about afghan women's issues, after she framed those efforts terms, and human tarrian rather than military terms. she helped in a variety of ways can find k you similarities in the obama michelle obama really sought to imitate mrs. in that manner and d

, how too we win the cold war, but we make mistakes and i mean -- i think barack obama -- we underappreciated some of the things obama was able to do. killing of osama bin laden, which is a great success. he started trying to do drones, attacks so we don't put -- sucked into a more -- another iraq, afghanistan, moreas with our troops. he did make a mistake in the red line in the sand in sear you -- sear you but he at any time send our troops willy grill into sear syria. i want donald trump to succeed and i want to see isis destroyed but don't want a third world war. i'm worried about the generals surrounding donald trump. >> me, too. >> it's because mattis is a great man, and flynn is a good man, and kelly is a good man, but you don't want to blindly just listen to the generals and the successful presidents know that. but donald trump doesn't read presidential history. we mention last night different mccullough's book on truman. truman knew when to fire mcarthur during the careeran war when macour their was doing overreach. didn't know the limits of american intervention. john f. kennedy knew

. >> when you say grossly underappreciated, how much in. >> if you put into perspective, ford sold aboutvehicles. tesla sold 76,000 vehicles. there is a big gap between those two. but this is a company that could sell a million and a half to 2 million cars in the next ten years. while it doesn't reach what ford is, it is higher than what most analysts think, which is probably closer to a million units. i think you will see the-up side as early as the back half of next year. for people trading the stock, that's a long time away. for people who can invest, that could move shares higher. >> let me ask you. i read your notes. you talk about test ha's significant advantage in autonomous cars. is there no one else even close? how much competition is there and are they really that far ahead. >> traditional models, you can write them off. they're still electric. the real players are coil like google. china has self-driving cars they want to sell around the world and uber. those are probably the three true competitors and they'll duke it out over the next decade. we think kids born in 2020 will r

i think technical indicators are very important and probably underappreciated.pecifically the outlook for next supply of equity. in 2016, the supply of net -- it was actually actually fell for the first time ever. suppliers net equity are projected to flat line. buybacksecause share received a lot of attention. share buybacks as well as leveraged buyout and m&a, that's the activity that decreases the outstanding stock. it has offset activities that increase the outstanding equity stocks. we have a very benign outlook for supply and that has really helped to juice asset valuations. vonnie: surely less supply you would think would push up prices. sid: we have seen that obviously in the equity markets, but it's also an interesting story in tech markets. we have seen investors are very much cash-rich. although we have seen a big rally in terms of economy markets, we have seen a big increase in issuance and growth term. we have seen investors be very cash-rich thanks to waves of redemption and a wave of coupon payments that will boost investment firepower to soak up

and i think he is underappreciated. -- he the first effect was the perfect president for that moment after the war of 1812. it is tough to beat the first president. the president to defined the office and the republican experiment. washington took office and you have to remember, by the standards that were taught, he was an elderly man. he would have been almost 80 years old. that his hearing was going. was sensitive about his lack of formal education. his secretary said that no sound -- he spent time trying to control his temper. so washington was a very human figure. veryola rate -- at a vulnerable time. he'll most single-handedly gave legitimacy to this experiment. war, itox, secretary of wasn't the constitution that together.ountry it was the character of george washington and that is manifested in many ways. most importantly by his restraint. remember, washington became president because the delegates of philadelphia reluctantly agreed to this new form of government. a centralized form of government. because george washington had already burned the offer of a crown. and at the e

john: that is the key quote, moderation and virtue. 2 qualities we underappreciated in our elected leaderst revolution built on the promise of a great democratic republic had been subverted by his leaders, whether it was oliver cromwell in the english civil war. we see these idealistic attempts to create a republic coupled by their own excesses, usually by the leader of the army for me and you kind of tyranny. attempt to echo what we have done. --icine is controlled for madison is enthralled. charlie: every president sense offered a farewell address? yes, taking the assassinations off of the top. they were letters to congress. what washington did was unique. in a newspaper, he never gave it out loud. he wanted an open letter to the american people rather than retreating to the monarchy called model of the king addressing parliament. she did not do it as a victory lap -- look at all these things i accomplished. he did it as a warning, about how democratic republics die. he focused on hyper partisanship, excessive debt, and foreign wars.and the founders partisanshipper hijacking a democracy.

shouldtheir countries we worry about that have been underreported and underappreciated about their cyberities? >> to me, the most powerful would be u.s., u.k., china, israel, north korea, iran. the real question is not which states are we failing to identify, it is more which states have demonstrated a habit of wreaking physical horror industries that do not possess the nefarious cyber capability. how will he go out and try to procure, either from a cyber power that i mentioned, or from an underground criminal network. what can a trade to get it. talked about rules of the road in terms of how all these countries deal with each other and how they might retaliate. there have been multiple reports now that intelligence officials think this election was hacked by the russians in terms of the emails that were discovered and released. what is the promotional -- proportional response -- this is been the big topic in washington. >> there is no doctrine on proportional response which is why we have no deterrent in the cyber domain. north korea attacked sony and the response with sanctions. the ob

surely, some of you grew up in households where one of your parents stayed home and you probably underappreciatedow much they did. my wife stays home with our two boys and her schedule looks something like this, although she doesn't dress up for dinner with me -- i will have to ask her about that. [laughter] these people work really hard and we don't think of it as working but they have tremendous economic value. because if they were working havede the home, someone to be doing these tasks. of course today, day care is more common but there is real value here. and this photograph symbolizes a weeks worth of her work. so she makes 35 beds. of she washes 750 items glass and china. she prepares 175 pounds of food. laundry in the given week. this photographs for many roles. a driver, seamstress, made, cook. all of these modern appliances that people think -- by the time we get to the 1940's, 1950's and 1960's -- a washing machine and dishwasher, that it makes life easy but even woman by the mid-60's are spending as much time on housework as they were 50 years earlier. marjorie, part of the extra burd

on that roller coaster and at risk in terms of the reaction to all of these ideas i think is underappreciatedmong many of the republicans on capitol hill at this point. >> it's difficult to believe the administration would move quickly on those things when all of these lawsuits are being filed against this travel ban. four states have filed suit. companies are supporting those lawsuits, companies like amazon, expedia and microsoft. apple may file suit now. so, errol, are they now taking those things into account by wanting to change semantics and perhaps slowing down on what ron just said? >> i think they're in the middle of chaos and confusion of their own making. i don't know that this was really thought out. there's one theory that says the chaos and confusion are a deliberate strategy. while ten balls are up in the air, even if nine crash to the floor, one or two things get through and the agenda gets accomplished one way or the other. the other style of thinking which i'm more inclined toward is they really didn't think this through, they had no ideas of the kinds of variations they were

two qualities we perhaps underappreciate today in our elected leaders, but also a reminder that everyreat revolution up to that point built on the promise of a great democratic republic had been subverted by its leaders, whether oliver cromwell in the english civil war, but on and on we see idealistic of the republican toppled usually by a new army toppling tyranny. the french revolution attempted to echo what we had done. jefferson and madison were enthralled even after it revealed to be tyranny because lopping off heads at the rate of every five minutes. >> rose: every president since washington offered a farewell snardz. >> almost every one. let's take out the assassinations off the top, but very often they were simply letters to congress. what washington did was unique on two levels. first of all, he never gave the speech out loud. it was published in the "american daily advertiser," a newspaper, because he wanted to offer an open letter to the people rather than retreating to the monarchal model, the king addressing the pennsylvani parl. and he dipped do it as a victory lap of th

. >> sorkin: are there countries we should worry about that have been underappreciated in terms of whattheir cyber capabilities are or saber capabilities they're trying to get? >> i think to me the most powerful cyber countries that -- in the u.s., u.k., germany, israel, china, russia, north korea has a very sophisticated capability, iran has very sophisticated capability. butthe real question is not which states are we failing to identify, i think it's more which states have demonstrated a habit of wreaking physical horror in the streets that do not possess a nefarious cyber capability and how will they try to procure it, what will they be able to trade to get it. >> sorkin: rules of the road in terms of how all these countries deal with each other and how they might retaliate. there, of course, have been multiple reports that our intelligence officials believed that this election may have been hacked or was hacked to some degree by the russians in terms of the e-mails that were ultimately discovered and released. what is the proportional response. this has been the big topic in washin

i would also say those who are concerned about this, i think they underappreciate how much better our tax system will be with this kind of provision. >> reporter: a quick follow-up. you're not concerned that the growing republican opposition to the border tax will jeopardize tax reform? >> no. go back and read the books written about the 1986 tax reform. it going to be up, down, on, off. you're going to report 150 stories on tax reforms' fate between now and when we get tax reform done. we are doing tax reform. it's going to happen. do you know why it's going to happen? because it has to happen. america has the worst tax code in the industrialized world. it is killing economic growth. it is driving companies to become foreign companies. more and more and more u.s. companies are going to leave this country because of our tax laws or get bought by foreign companies and we will lose our seed corn, our employers. we will lose economic growth. this is existential to our economy and we know this. we're going to get tax reform done and there will be a whole bunch of drama that you will enjoy

i would also say that those who are concerned about this, i think they underappreciate how much betterur tax system will be with this kind of provision. you got me going on tax reform. i'm sorry. >> reporter: growing republican opposition to the border adjustment tax to jeopardize -- >> no, i don't. go back and read the books about the 1986 tax reform. that was the last time we did tax reform. it will be up and down, on and off. you're going to report 150 stories on tax reform's fate between now and when we get tax reform done. we are doing tax reform. tax reform is going to happen. do you know why tax reform is going to happen? because it has to happen. america has the worst tax code in the industrialized world. it is killing economic growth. it is driving companies to become foreign companies. more and more and more, u.s. companies are going to leave this country because of our tax laws, or get bought by foreign companies and we will lose our seed corn, our employers. we will lose economic growth. this is existential to our economy and we know this. and so we're going to get tax refo

the ability to work with others, the ability to keep the country safe and the fact that he's underappreciated after all of these years. it suggests we have more to learn, so that gives you a sense that we need to learn more about our history because if you look at that speech and you replace radical islamic terrorism for the expanding soviet union and you could talk deficits now, now the dentist 20 trillion and that it was in the billions. in all partisanship arguably this past president could have done a lot of different if he had met even once a month with leaders from the hill, so i would tell them look backwards. always look forward, but don't forget to look backwards at where we have been. host: do you have any predictions of how some of these principles might be brought to bear in the next four years? obviously it's not just the president who has to adopt a certain key ways of operating, but congress is a huge factor here as is our supreme court, divided system, after all. guest: there are some similarities here and mean obviously your grandfather was really popular figure, but it was o

a big driver of this call was your belief that investors are underappreciating a potential downturn ining, not just gaming overall but the fact that nvidia is focused on the high end gaming market. >> yeah, that's correct. if you look at their results from a couple weeks ago, they showed some upside in their gaming business, but it was the smallest upside we've seen in almost two years, and since then, melissa, we've sort of come to believe that pricing has gotten a little bit more competitive, there's some inventory in the channel. they've built some inventory on their balance sheet and it just feels like for at least the next couple of quarters, they're their gaming business could decelerate perhaps faster than what the street's forecasting. >> at the same time, though, romit, a lot of investors like nvidia for its presence in data center, in automotive, in a.i., artificial intelligence. can those bright spots offset a potential volatility or downturn in gaming? >> well, if you look at what happened this last quarter, they actually had terrific results in data center and automotive,

i would also say that those who are concerned about this, i think they underappreciate how much better will be with this kind of provision. >> just a quick follow-up is that you're not -- >> you got me going on tax reform, sorry. >> but you're not concerned that the growing republican opposition to the border adjustment tax will jeopardize tax reform? >> no, i don't. look, go back and read the books written about the 1986 tax reform. it's going to be up, down, it's going to be on, and it's going to be off. you're going to report 150 stories on tax reform between now and when we get tax reform done. we are doing tax reform. tax reform is going to happen. you know why? because it has to happen. america has the worst tax code in the industrialized world. it is killing economic growth. it is driving companies to become foreign companies. more and more and more, u.s. companies are going to leave this country because of our tax laws, or get bought by foreign companies and we will lose our seed corn, our employers. we will lose economic growth. this is existential to our economy. we know this

underappreciated one. he was the perfect president for his moment after the war of 1812. host: richard norton smith? guest: i think it's tough to beat the first president, the president who defined the office and the republican experiment atop which it stood. office.on took by the standards of his time, he was an elderly man. by modern standards he would've been almost 80 years old. he complained that his hearing was going. he was very sensitive about his lack of formal education. said no sound on earth compared with george washington's wearing a blue streak. he tried to control his temper. statues in the city park, he was a very human -- at a veryvery vulnerable time of his life. more remarkable that he single-handedly gave legitimacy to this experiment. said it wasn't the constitution that held the republic together, it was the character of george washington important. most his restraint, he became president because the delegates in philadelphia reluctantly agreed to this new form of government, this centralized form of government because the most likely president had a

thought maybe it was just an audience of fellow historians, all of whom are talking about how underappreciated we all are. [laughter] but i think this is such a great idea. the idea of the center for military and diplomatic history for all of the reasons that mark identified. what i thought i would do is talk about how i think the center can help us make us better, better at defending our nation in particular. better at anticipating the demands of national security, and crafting the national security strategy to address the threats here that are growing. threats growing to our nation and all civilized peoples today. i will try to be super brief because what i would like to do is see where you would like to take the discussion and hear your ideas and thoughts. this is important. this is an important center. from our perspective in the army in the joint force and our military, thinking clearly about diplomacy and national security is fundamental. it is not only fundamental to protecting our vital interests and preventing conflict but also ensuring that our military is prepared to respond to thre

seen before in a phone and ultimately, the best thing the script can do is shine a spotlight on underappreciatedkers and different backgrounds to make more interesting and challenging material. all the headlines were about the mistake, not the film. do you think moonlight lost its moment of glory because of this? it is a shame that we are talking more about the mix—up. i think over time, that will subside and people will come to look at the storm as a greek text in terms of issues of representation and black identity on screen. i think the wonderful, sensitive piece of work. i think it will far outlast this mistake. you said it was low budget. it cost $1.5 million to make. it was symbolic that he made his follow—up film, damien chazelle, and that cost $15,000. film, damien chazelle, and that cost 515,000. la la film, damien chazelle, and that cost 315,000. la la land film, damien chazelle, and that cost $15,000. la la land struggle to get that made and that wasn't that high a budget compared to some hollywood blockbusters. no, but it had a lot going for it in terms of being nostalgic and about h

seems to me the buses are underappreciated.eople ride the buses compared to the rails? >> anywhere between 400,000 to 500,000. >> it seems to me the metro could maybe make those cuts but also enhance the bus service, which is i think maybe cheaper than trying to keep the rails open. >> sure, you can do that. we're in this predicament. we're a metropolitan city. we want to be this growing area with all this diversity. we have this silverline still being built. the metro line is still expanding. now we're talking about cutting service. wept all of this stuff, but now it's time to pay for it. that's part of the problem. metro is continually expanding. that's not cheap. you have to run service out there. that takes people. that takes train. that takes time, energy, electricity. >> last year the city -- jack evans, who was re-elected as chairman of metro, the city said let's have a 1% regional metro. that would be the operating fund. the district said, we'll do it. virginia and maryland said, we're not going to do it. the district c

one of the missing pieces, underappreciated parts of this election, is that all nine officers who are elected yesterday, not just perez and ellison, are either people of color, women, lgbt, or some combination thereof. so they are running towards people of color not away from them nam's a very encouraging positive start. >> i think one of the challenges -- i agree with you, but i think one of the challenges for the democratic party going forward, when we look at the gop and donald trump, whatever we may think of his message, we understand what it is. he's very anti-immigrant. he's very pro law enforcement. we can sum up easily his message has been very clear, at times simplistic. that is a challenge for the democratic party, to say what is their message. we know what their message is to specific groups when you're talking about people who care about the environment or black livest matter of immigration reform, but what is the overaveraging message? that's the hardest thing when you have such a big tent, to get a message that works for all, not just for identity politics or subgroups b

priced, well-positioned for global economic upturn in an area of the market that i think is still underappreciatedclical story, too early to make the structural case, but i don't think you need to right now. sectorallk about the issue. banks down the road, at some point, they well straighten out their balance sheets and catch up to the united states? newsrd: i think the good about the european banks is a profitability issue rather than a solvency issue over time. we know the european banks face three big headmans. first is growth. the pace of growth in europe is likely to be much lower than that of the u.s. demographic at wins in particular providing a constraint. second, the rates in the shape of the yield curve. we expect interest rates to remain low for a long time. that is a big headwind for the banks. and finally, the banks are not taking enough measures to address those balance sheets issues over time. some progress, but not as much as we would like to see a red or are still big head winds there. but the margin is in the price. how much is the price right now? you could potentially see incre

to win at texas hold 'em and to improve is a moment that should not be underappreciated for those ofwho are waiting for the machines to take over. >> what's texas hold 'em per share, my friend? >> i'm just saying a.i. is moving along fast. and we can have meetings today and the president can have a lot of meetings with ceos of very important companies and hope that they'll be job growth. but as a.i. continues to advance along its way it is going to replace a lot of people. >> that's why i do not want to sell amazon. i do not want to sell it. there is just too much engagement with amazon throughout your life. and i know that they just -- at one point somebody really tries to get it what the numbers are. and the cfo is like are you kidding me, like we're really going to go into that stuff? it is a funny conference call. it's everything you don't need to know. it is really much better to ask about china, how's china, we're very pleased with china. okay. that's good. how about amazon web services. we're very pleased with amazon web services. okay. that's good. it was really rigorous. >>

there is a scenario in europe that is underappreciated.ntial of good outcome from the european political space. you do have the scenario where the frenchough elections and german elections and what comes out of that is disillusionment with the center parties and you might have a realization that the political risk in europe is being overpriced. that might lead to a much better outcome in terms of the european outlook. europeanrop of that is fundamentals are improving from a low base and slow. if you take away the political risk and refocus on the economics, you might see that a better picture emerges. there's so much focus on the continuation of brexit, that's a solution meant that the disillusionment. -- continuation of brexit, that the solution meant. thatntinuation of brexit, disillusionment. that goes way quickly in an environment where the market is starved for yield. deal: coming up, a big that is not happening so far. kraft heinz and says unilever rejected an approach to combine two companies been shares of unilever surging on the n

i think the markets are underappreciating the risks here.ks are that he does something that the markets don't like, that he does something on trade, that he inadvertently gets us into some kind of minor shooting war. the thing that's most interesting to me about the last month is every one of these controversies has been generated internal to the trump administration. he hasn't really had to deal with any external shock. >> you mean unforced errors. >> yeah. there's nothing like a katrina, a terrorist attack, a big market crash where the administration will be tested on their competence. something bad is going to happen somewhere in the world. >> granted they're only a month into this. >> but it's all dealing with controversies he's created. they'll be tested when something happens. that may change people's minds about having a president who says, you know, down on the bureaucracy and the establishment. >> you know, we've been talking about the fed with janet yellen at the hill twice this week. is the fed shifting its opinion, as a lot of ma

i would also say that those that are concerned about this i think they underappreciate how much betterwith this kind of provision. you got me going on tax reform. i'm sorry. >> republican opposition to the border adjustment tax will justify tax reform? >> no, i don't. go back to the books written about the 1986 tax reform. that was the last time we did tax reform. it's going to be up, it's going to be down, it's going to be on, it's going to be off. you're going to report 150 stories on tax reform's fate between now and when we get tax reform done. we are doing tax reform. tax reform is going to happen. and you know why tax reform is going to happen? because it has to happen. america has the worst tax code in the industrialized world. it is killing economic growth. it is driving companies to become foreign companies. more and more and more u.s. companies are going to leave this country because of our tax laws or get bought by foreign companies, and we will lose our seed corn, our employers. we will lose economic growth. this is important to our economy, and we know this. so we're going