is it start-ups versus apple, amazon, google, and facebook? malcolm: what is fascinating about silicon valley is how quickly companies transition from being underdogs to goliaths. we are used to the trajectory of -- microsoft starts and it takes them 15 years to go from the upstart to the monolith. today, i feel like it was a matter of a couple of years -- facebook went from nowhere to being a dominant player. this kind of trajectory where people go from being at a perceived disadvantage to being suddenly saddled with all of the attributes of the goliath. now it has been sped up. emily: the amazon-hachette war, you are published by hachette, you and your books got caught in the middle. how do you feel about this? malcolm: it cost me a lot of money. that's for sure. it breaks my heart a little. i had thought of amazon as in partnership with writers. and for a company to try to make a business point by turning its back on -- i have sold, through amazon, millions of books. i have contributed mightily to their bottom line. i would've thought they

infrastructure as service to platform to microsoft. , if you take a look at the last year, microsoft versus applenvested dividend, you would be surprised outperformingft apple in the past few weeks. microsoft the better performer then apple for the entire year. betty: interesting. matt miller at the market desk. pimco's term -- total return fund still reeling from the exit of bill gross 13 months ago. it is beating at least 98% of its peers from this past five years and they had the first month of net inflows in more than two years. joining us from l.a. john pendleton who covers the bond king's or us. tell us about how he has been able to do this. very divided this investing process. half of the funds approximately is in very safe dividend-type yielding returns and the other half is in riskier type of investments that give higher yields but a little bit more volatility. by keeping so much in the study but sure think he is cap volatility down while able to have high returns. betty: give us a picture of how well he has done. >> the 99th percentile for the past five years. today in the 98 percentile

apples are fabulous. they are loaded with flavor. it's like the honeycrisp versus a fuji apple. i'm not kidding. delicious. selection and storming very important. when you buy them, take a look at this right here. like all apples nice and shiny, nice reds, light green a little bit of yellow and it has to be very hard and free fro shriveling whatsoever.store them in the refrigerator. otherwise they become mushy. delicious and taste good and good for you. jazz apples also bake great. so it's an all-around appearle with flavor, nutrition and delicious. and i'm tony tantillo, your fresh grocer. and always remember to eat fresh and stay healthy. >>> while the national jobless rate holds steady at 5%, unemployment is 3 times as high among teenagers. but as allen martin reports, this week's jefferson award winner is expanding opportunities for young people right here in the bay area. >> a record week last week. >> reporter: john hogan had retired from 24 years in the mortgage industry and was working on his mba a few years ago when some labor statistics spurred him to action. >> only 27% of youth ages

it's more of a fitness watch versus the apple. >> you know where the niche is? between your socks and underwear and your top drawer. no one is using these things. >> fitbit they are using. they have great growth. enterprise is the sweet spot. i'm not being truly combative with you. >> he was being xative making that face. >> it's okay. that's his face. he can't help it. i don't think apple is going to steal their thunder. >> i have the apple watch for a while. it was a great for starter wearables. i thick for those looking for innovation at apple, i think this next generation of the watch that hopefully comes at some point in the spring or summer, that's the opportunity for them to showcase how this device is going to be part of your life forever. the way the smart phone has become. to me, i think apple probably has a mid year opportunity into possibly early release phone. it's trading at ten times, you know what i mean? 7% expected growth. between now and then, i'm with guy. i think the stock will be rangebound between $110 and $130. >> you should have stuck wi

. >> one thing about the new apple tv versus old apple tv, you have siri.hing something letter by letter, arrow key by air co-key, you can search right to the tv. siri, i want to watch a comedy movie. and you can even be more specific. i want to play that episode of "how i met your mother" with jennifer lopez on netflix. >> nothing sexier than a man -- >> a major change on the apple tv is the touchpad on the remote. one place it's most useful is replacing the rewind and fast forward button. you can slide your thumb across the remote and it will show you thumbnails going forward and backward on whatever tv show or movie you're watching. apps are crucial to every streaming device because that's how you watch tv shows and movies. and now apple has a new tv app store, which is going to make it easier to bring in new apps, particularly games. of course, my swing is just as bad on apple tv as in real life. you've been able to get your itunes, on the new one you can stream apple tv music service which is $10 a month ♪ and i know >> the new apple tv is definitely a

a gord this week it's the beach versus the big apple. we're on the hunt for a new home with reality star turned tv host audrina patridge. oh my gosh. it's so pretty. sara gore: high profile agents from the west coast. look, i lived in new york, and as much as i like a closet sized apartment, ryan, doesn't cut it anymore. sara gore: and the east. i typically don't like to fight guys smaller than me, but i'm going to do it today. let's go. sara gore: pull out all the stops to seal the deal. plus we're taking a trip to savannah, georgia to visit the queen of grits and gravy. so y'all, i don't say this to just everybody, but would you like to come into my bedroom. we're on tour with chef paula deen. you're watching "open house." today i'm coming to you from a prewar gem on the upper east side. located on park avenue, this spacious apartment features an entrance gallery, beamed ceilings, a wood burning fireplace, an enormous eat in kitchen, and so much more. these huge windows allow for wonderful light and open vies to central park. this thre

tim cook got a question on the apple earnings call. versus online and signups in the store. ave the ceo of the bank saying apple's going to do it soon and they're ready. >> if you're a bank like citizens, this is the gold medal, to be underrighting. relatively low risk. relatively high credit borrowers. when you think about a car or a house, this is much less expensive. but still getting to capture apple's customer base. >> not to mention median income levels for apple. remember the story when some of the online travel sites, that you were shopping from a hard piece of hardware, the fares were higher than normal. >> i find it hard to believe that was legal. all right. shares of chipotle, we told you about it, falling more than 2% this morning. that's because 33 locations have closed in washington and oregon because of an e. coli outbreak. 22 case of e. coli reported customers who ate at six restaurants in the region. the company says an abundance of caution led them to cancel it. we hope those people are feeling better and the outbreak doesn't spread. >> absolutely. let's get

apple. a new variety. i take that back. they have been around for a few hours but versus the gold delicious, it has been around for decades, the aurora is sweeter. a little bit more expensive. but i got to tell you something. it is crispy. and usually golden delicious apples are not that crispy. not mushy but not that crispy. these are very crispy. loaded with flavor. like a fuji apple but gold. selection and storage very important. when you buy them, a yellow color, almost like a banana all the way around. firm for its size. very important. if they're firm and big, that means they are fresh. and you have to make sure that that skin is free from any shriveling whatsoever. and a little bit on the shiny side. when you bring them home, always store them, here is the key, in the refrigerator. do not store them at room temperature. aurora golden delicious. you got to try them. i'm tony tantillo, your fresh eat fresh and stay healthy. >> if you thought that was good, wait until you see this when we come back. >> been there. >> see what happens when a young singer gets the hiccups. meet the moore's! we're the moore family, and as

apples. beneful. healthy with a side of happy. >>> jenny mccarthy versus charlie sheen, his former co- star denouncesim after his shocking hiv revelation. >> okay. that would have been some valuable information. >> and sheen's forgotten love goodess speaks out. >> he has to take responsibility. >>> then meet the trumps. >> do any of you make fun of your father's hair? >> and trump's message to isis. >> we are going to knock the [ bleep ] out of these people. >>> and -- >> deborah: luckiest lady in the world. >> the terrorist aimed right at her head, then the weapon jammed. >> what the surveillance camera shows next is truly remarkable. >>> then the pastor's wife murder mystery. the search for the killer, and how her grief stricken husband said goodbye. >> i was actually by her

we talk about our challenges versus, for instance, france's challenges as if it's apples to apples, which is insane. it is not. they had thousands and tens of thousands and hundreds of thousands of refugees literally washing ashore with no vetting process and really no way to handle it. plus a short and long history of great troubles between the people there. their challenges are almost unimaginable. >> absolutely. and you know, the fbi has said for many years that the greatest challenge for us is protecting against homegrown terrorists, the jihadist that's in the united states that gets radicalized. we don't have the influx of refugees, and we may not given these events now from syria or any other countries that they have there, and our borders are not as porous as they are in france. if you get into europe, you're into every country in europe. and with the refugees coming in that exacerbates the problem. >> in some cases it's beginning to seem clear now that the united states had some information about one thing or another that the europeans did not. is there a remedy for this? >> well,

apple. innovative sonicare technology with up to 27% more brushmovements versus oral b. get healthier gums in 2 weeks guaranteed. innovation and you. philips sonicare save when you buy the most loved rechargeable toothbrush brand in america. (helicopter engine roars) pc does whaaat?! pc does what?! hey, guy! pc does what?! shhhh pc does what no pc has done before. does yours? i take pictures of sunrises, but with my back pain i couldn't sleep and get up in time. then i found aleve pm. aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am. give your home the gift of big savings this year at lowe's. hurry in to your neighborhood store today for a ton of great black friday deals. now get this ge hotpoint washer and dryer pair >> carson: welcome back. "houndmouth" is an indiana band that has found equal parts footing in both roots and rock music to create a one-of-a-kind sound. tonight, you're gonna hear them do their thing from the "el rey" right here in los angeles. take a look. [ cheers a

versus privacy. >> o'donnell: you mean companies like apple? >> correct, absolutely. >> o'donnell: michael morell, thank you. >> you're welcome. >> o'donnell: now back to des moines, iowa, where the democratic presidential debate is minutes away. john dickerson will moderate. john, incredibly high stakes tonight. what's it like, the mood inside the room? >> well, the mood inside the room is first of all a gorgeous room, a gorgeous theater here at drake university. people have been looking forward to this debate for a while. there are only six democratic debates, so this is important, and, of course, iowa is a crucial state. the caucus here will set the tone for the rest of the campaign, and everybody here obviously is thinking about this in a new context after the attacks in paris. >> o'donnell: and we will be watching. john dickerson, thank you, as we see hillary clinton entering there. coming up, in the face of fear, how will the french people respond? but first, susan spencer traveled a route that's been shaken by terror before among people

apple user. and it would move the needle in the short-term. when you talk about the cost of the apps and people going toward games and the games from $4 up to $10 versus the 99 cents type items. that would be. i look toward the apple cart toward the future. giddy-up. >> i don't think it has an impact. in the next three years it is about the iphone. i think converting the games over to a living room type scenario, this is a push on the apple front to get the developme development -- developers to move to that. >>> and up next, dennis gartman, why he thinks china could be a better bet than u.s. stocks. >>> plus charging up for tesla earnings. the stock may be in negative territory this year but we have the three key metrics to watch for the earnings report tomorrow and that could send the stock soaring. much more "fast money" right after this. a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? the market.redict... but at t. rowe price, we can help guide your investments through good times and bad. for over 75 years, our clients

apples. innovative sonicare technology with up to 27% more brush movements versus oral b.r gums in 2 weeks guaranteed. innovation and you. philips sonicare save when you buy the most loved rechargeable toothbrush brand in america. ( ♪ ) uniqlo's revolutionary thin fabric converts body moisture into heat and retains it. ( ♪ ) heattech. super thin, super warm. ( ♪ ) ♪ >>> the parade has started. he is out of the car. >> this is a change in the schedule. he is walking. most presidents in our time have wanted to do this. but in recent years after our various tragedies it has been discouraged and there has not been much of it. >> jimmy carter and rosalynn get out of the car. it was game changing. people looked at that and said "this is what we need. a real person as president." >> carter was a man of the people. glamour was not what we were in the market for. we were looking for a redeemer. >> take a look around. >> bring you upstairs. take a look at the living quarters? >> president carter had four years to do what he thought was important. fix the economy. try to bring some p

versus weakened. >> silicon valley show down. investors in paypal fret over reports that apple is developing a rival payment system that could be rolled out next year. >> laying down the law. activist investor bill ackman and valeant must face insider trading charges. >> under review, iac puts a offer on the table for angie's list sending shares in the company 11% higher in after hours trade. >> welcome back to the program. just looking at how the u.s. markets are setting themselves up for trade we have 4.5 hours to go before you get there. both see an opening slightly lower with nasdaq a little bit higher. the dow closing down by 56 points yesterday. setting itself up to snap it's six week winning streak. you have the s&p 500 on its 5th negative day in the past six sessions. 6 out of 10 in the s&p sessions finishing negative yesterday with energy leading the pact to the down side. a loss of almost 2% seen there. now when looking at our european markets we were called slightly lower. a couple of points lower most are hanging on to that trend. you have the cac and the ft ftse mib lower shy of 1% as well. we're seeing it taking place in

versus weakened. >> silicon valley show down. investors in paypal fret over reports that apple is deveng

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versus republican the framers gave us a republic. they gave us a representative democracy. it is one kind of democracy like a red apple is one kind of apple. when people refer to america as a democracy, they should not leave that america is a direct democracy could i think would be a disaster to have a direct democracy. i believe in a representative democracy. and i say we do not have the democracy the framers intended, i mean that we do not have a representative democracy. in this democracy, citizens are not equal. they are not equal in the 345 districts in the house where seats are saved seats where the majority party basically controls that seat whether it is a democrat or republican seat. 89 million americans have no effective representation in those districts because they know that their views could never matter to the representatives the cosa happened to be from the minority party. the political gerrymandering creates one dimension of this inequality and the way that we raise campaign funds is another. these are inequalities that means we do not have a representative democracy, which means we do not have a repub

versus sonicare diamondclean. my mouth feels super clean. oral-b know you're getting a superior clean. >>> tech giants like google, facebook, paypal and apple are trying to turn your cell phone into a digital wallet. to catch on, but half a world away in kenya, digital currency is already big business. leslie stahl reports for "60 minutes." >> reporter: in a bus station in nairobi, buses were not only loaded with humans and cargo, but with cash. it used to be the only way for people working in the cities to get money to relatives back in their remote villages. >> you give the cash to the bus driver and say when you get up to the village there, you will see someone at the crossroads. the money evaporates. >> reporter: bob coleymore, the ceo of kenya's largest cell phone provider, says his company sought to solve the problem. while a majority of kenyans don't have a bank account, 8 in 10 have access to a cell phone. so in 2007, the company started offering a way to use that cell phone to send and receive cash. they call it m-pesa. m stands for mobile. pesa is money in swahili. >> it is often referred to as kenyan's alternative currency, but s

reminiscent of a way of apple's suit against samsung with the rounded corners of the iphone versus samsung'salaxy line. no way to know how jurors will respond to this, if it gets that far. gopro sure to argue, look, it's a camera. of course it has rounded edges. people have to hold it. there are only so many different shapes it can be as you shrink it but we have this patent suit, c in cna marketing suing gopro, they want all the profits from the hero 4 session plus damages. quite a case here. >> jon, thank you for that. jon fortt. >>> when we come back, automakers reporting strong sale numbers for september. will the success continue? we'll talk about that when "squawk on the street" continues. . >>> automakers are pointing to strong numbers for october today. phil lebeau is in chicago with details. >> much better numbers than expected. let's run down the big three. we'll get toyota numbers in just a bit. the big number here, general motors. an increase of 16%. well above the estimate that came in from edmonds.com of an increase of 12%. fiat chrysler better than expected. ford was the lone

apple music. reps for adele have not commented on the decision. "25" is set for release tomorrow. >> highly anticipated. >> yes. and the whole streaming versus buying downloading, it's, um, it's still a very heated topic. >> i know. and they're taking control as we see right there. >>> let's talk to lonnie about this rain. looks like a long night of this, right? >> well, we are going to finish with it, say, 1 a.m. and then we get ready for good- looking weather to return. maurice is on point here. it's not a nice night out there. it's just not. take a peek here. numbers we have been mild enough there but nobody had big numbers. we had an inch sauger it. it's. next few hours things will get worse in terms of the rain. it's never going to be horrific but it's going to ramp up. friday it will be nice. and then let's talk about snow this weekend. i have heard some people utter a little bit out here. i want to just quickly dispel the rumors. not much of anything, late saturday into early sunday a little system moves through maybe -- maybe the higher elevations of sullivan, ulster county see a little snowflake out there. moisture. temperature tren

versus all the fancy pants stuff in new york city? they are universes apart, aren't they? josh: there is a recent study says it is which organization you work for. if you are working for appler google -- tom: josh wright, thank you so much. we will see those numbers at 8:30 this morning. we will have that on "bloomberg surveillance" on bloomberg radio. we also have daniel yergin. we begged him to come on with all we are seeing with oil. us this morning on bloomberg radio. stay with us. this is "bloomberg surveillance ." what a shock. beautiful. ♪ morning, everyone. good friday the 13th. washington, d.c., a beautiful sunrise all across the east coast this morning. we say good morning in washington. i'm tom keene in new york. in london is francine lacqua. francine: it looks like an andy warhol picture. now time for the morning must-read. work ifisitions only your suitor is a public company and you cannot afford to buy the enlarged business. state owned enterprises do not have credit limits on their check books. we are talking about the fact that 2.5 months after fending off the $46 billion deal with , china waltzes in and nta says it isynge not a done deal. whether we look at

apple pro? >> great question. >> they don't have baseball. >> nope. >> the guy who runs time warner versus the guy who runs viacomone is -- >> yeah. >> one is -- >> great american. >> he really is. >> great american. >> completely great american. the doubt that i had is sinful. he'll be back. bigger than ever. that's my view. >> viacom down 32%. we will be watching to see earnings, as jim said. >> they have -- do they have cash? i shouldn't say a lot of cash. they used to buy back stock. >> they have some. >> xwrshcbs, where do you come there? >> better. >> content king? >> coined by the man who returns both of those companies, sumner redstone. >> cbs never recovered from the 10:30 a.m. lower the bombshell. >> bombshell. >> wasn't mediagetton. >> i parsed the disney number. geez, they really just forget the idea that seven people cut the cord and talk about big things. big, big, big. espn doing so well. espn doing so well. espn, bristol connecticut, they got -- >> i know it. i know it. you know hearst owns 20%. >> do we know that? >> i think it's 20. >> oh, god. >> i said once it's more. i think it's not. how did

versus sonicare diamondclean. my mouth feels super clean. oral-b know you're getting a superior clean. >>> tech giants like google, facebook, paypal and apple are trying to turn your cell phone into a digital wallet. so far americans have been slow to catch on, but half a world away in kenya, digital currency is already big business. leslie stahl reports for "60 minutes." >> reporter: in a bus station in nairobi, buses were not only loaded with humans and cargo, but with cash. it used to be the only way for people working in the cities to get money to relatives back in their remote villages. >> you give the cash to the bus driver and say when you get up to the village there, you will see someone at the crossroads. give the money to him. guess what happens? the money evaporates. >> reporter: bob coleymore, the ceo of kenya's largest cell phone provider, says his company sought to solve the problem. don't have a bank account, 8 in 10 have access to a cell phone. so in 2007, the company started offering a way to use that cell phone to send and receive cash. they call it m-pesa. m stands for mobile. pesa is money in swahili. >> it is often refe

apples. >>> all right. tonight on cnn, a look back at the 2000 presidential election, the race with the most contentious, and unusual and in fact, unprecedented result in modern history. george w. bush versuscount, and the hanging chads and the halted recount, the supreme court, full contact politics. those who were in the middle of it, they knew that whatever happened, whatever the outcome, they would be accused of stealing the election. >> chief political analyst gloria borger takes a revealing look behind the scenes of the 36-day florida recount battle. from those who live and breathed every grueling moment, and here is one look at bush versus gore, tendless election. >> reporter: a well respected tallahassee lobbyist with ties to jeb bush, and a long history in republican politics max steponovich. >> you don't understand that we will be loathed by the mediaer for the rest of our lives and through the lives of our grandchildren. that is not what is important today. we are doing to be electing a president of the united states today, and that forget all of that other stuff. >> reporter: as partisans watched it be duked the out everyday the on tv, max was plotting the republican path to vi

versus online. i think that is the big story. >> amazon is just rolling. i'm fascinated by apple. i got an -- i got the pro.e felt the watch was a big gift. i started to think amazon winner. apple winner. and i just think, by the way, the country is not as weak as people think. bring on the rate hike. bring it on. put that past us now. >> we'll talk about college playoffs, those will be great this year. we'll talk about that. a lot of things happening. amazing stuff with notre dame, oklahoma. >> college is so much fun. >> isn't it? >> it's so much fun. you know what? chip kelly can't withhold the scholarships for the guys who don't play well. it's not about scholarships. >> all right, jim. thanks. >>> when we return, what are you talking about this morning? there's two kinds of people in the world, some people talking about odell, others talking about adele. we'll be right back. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. hand apparently, they also lovee stickers.

apple supplier as well. alix: putin -- valeant's ceo is making its first public comments since cutting ties with philidor. drew armstrong joins us now. pearson you mike heard today versus few weeks ago? drew: this was a different tone it soundednt and more conciliatory. he talked about how this has been a painful period for him. he says this has been painful for a lot of other people. say that we are going to listen to critics and be much more transparent. which they have not done as much previously. -- they haveis was been aggressively defending the company in the past. scarlet: less defensive and he spent a lot of time answering questions. of questions?cope drew: everything. there were some things he did not answer and there were some questions, the analysts on the call asked some aggressive questions. others were more specific about aspects of the business. one of the things he did emphasize is the company is on to go through a rough patch in terms of sales. there are going to be problems with dermatology sales and some sales are likely to be down while they transition away from y pharmacy. is there another shoe to drop? do you think you have solved most of the issu

apple pencil or stylus whatever you want to call it, comes with a keyboard. this is catered towards the enterprise. they're really marketing it towards the enterprise versusmer. >> we have to go. are you going to use one at work, chris? >> we'll see when it comes out. >> you are a pc guy, aren't you? >> yeah, we have pcs at the office. >> you let us know when that changes. thank you so much, chris, for joining us. >>> mcdonald's investors have been loving the stock, it it's 20% this year but will news of the investor day today keep the good times rolling? we will talk about that next. >>> later black rock president rob kapito. you're watching cnbc first in business worldwide. >> wrik don say it will not spin off its real estate assets. shares more or less unchanged on that. let's bring in jonathan maze, he is finance editor at nations editors news and steve schaeffer. jonathan, right move for them not to go the real estate pin off route? >> i think that depends on -- you know, the real estate issue is a really complicated matter for mcdonald's. with the irs, you know, with the irs really questioning these things right now, i think it was too much of a ris

versus republican the framers gave us a republic. they gave us a representative democracy. it is one kind of democracy like a red apples one kind of apple. when people refer to america as a democracy, they should not leave that america is a direct democracy could i think would be a disaster to have a direct democracy. i believe in a representative democracy. and i say we do not have the democracy the framers intended, i mean that we do not have a representative democracy. in this democracy, citizens are not equal. they are not equal in the 345 districts in the house where seats are saved seats where the majority party basically controls that seat whether it is a democrat or republican seat. 89 million americans have no effective representation in those districts because they know that their views could never matter to the representatives the cosa happened to be from the minority party. the political gerrymandering creates one dimension of this inequality and the way that we raise campaign funds is another. these are inequalities that means we do not have a representative democracy, which means we do not have a republi

versus the 118 billion the street expected. they talked about same store sales, strips out fuel, it was 1.h 1.4%. they looked for 1.2% including gasoline. t it's not apples to apples comparison. now nay are looking for $1.45. the street's looking for $1.42, and that's j the stock is higher this morning, up 3%, a gain of 1.83, and remember the troubles the stock ran into recently. we'll watch that. they do not make comments about potential sales for the year, but, obviously, we'll hear about it on the conference call, but the dow component is up by 3%. >> okay. the issue of cyber security, obviously, front and center for boards and directors, especially in the light of the recent terrorist attacks in france. our guest host for two hours is maggie, the executive chairman of frontier communications, and welcome, good morning. >> thank you. great to be here again. >> we are trying to make sense of what happened in paris as well as implications specifically on cyber security because there was the debate of a post edward snowden world, civil liberties matched with surveillance, telephone companies with back doors to the government, and those are closing, and c

versus republic. the framers gave us a republic. by the republic that meant a representative democracy. it is one kind of a democracy like a red apple is one kind of apple. when people refer to america as a democracy, they should not believe america is a direct democracy. i believe in a representative democracy. when i say we don't have the democracy the framers intended, what i mean is we don't have a representative democracy because in this democracy citizens are not equal. citizens aren't equal in the 345 districts in the house where the seats are safe seats, where the majority party basically controls that seat, whether it's a democrat or a republican seat, meaning 89 million americans have no effective representation in those districts because they know their views could never be representative because they're in the minority party. the way these are inequalities that mean we don't have a representative democracy, which means we don't have a republic anymore, which is why my book is called "republic lost." >> and this book is new? >> i wrote 70% of it and it just came out last month. >> still the name same? >> yes. >> hi, john.

versus republican the framers gave us a republic. they gave us a representative democracy. it is one kind of democracy like a red appleis one kind of apple. when people refer to america as a democracy, they should not leave that america is a direct democracy could i think would be a disaster to have a direct democracy. i believe in a representative democracy. and i say we do not have the democracy the framers intended, i mean that we do not have a representative democracy. in this democracy, citizens are not equal. they are not equal in the 345 districts in the house where seats are saved seats where the majority party basically controls that seat whether it is a democrat or republican seat. 89 million americans have no effective representation in those districts because they know that their views could never matter to the representatives the cosa happened to be from the minority party. the political gerrymandering creates one dimension of this inequality and the way that we raise campaign funds is another. these are inequalities that means we do not have a representative democracy, which means we do not have a republ