, jeff bezos studied sam walton and you're studying jeff baker. >> we're trying to learn from sam waltonrom competition and on a global basis be able to be the very best and we try to bring it altogether. and to me that's what is most exciting about being at wal-mart. i'm confident that the thing that we have done to build the business still largely apply in the future. and yet there are some other things we can put together with this that will make us be even more successful. >> rose: that's e commerce isn't it. >> it's the marriage of both. people can run the store. we edit assortments. we have a great team of merchants not only in the u.s. but argument the world. i takes a category, and really understands it working with our suppliers to come up with the very best items to put into our store. that curation process or editing process will still apply on-line. will still apply at some point on-line. now, todayabout access to tens s of items and how broad it is. well, definitely in the future the customer will have access to more than they would have years ago. but the ability tush a mer

that is what sam walton would do. we know that because that is what he did before. he changed all the time. our stores did not stay the same. there was not a moment where he and the leaders looked at the stores and said, we are perfect. we are done. that never happened and that is not happening now. >> thank you. >> thank you. i appreciate the time. ♪ ♪ ♪ >> from pier three in san francisco, welcome to "bloomberg west" where we cover innovation, technology, and the future of business. i'm emily chang. a check of your bloomberg top headlines. oil hasn't been this cheap since july 2009. the price of a barrel fell below $60 today. the slide came after saudi arabia questioned the need to cut production. with that in mind, for -- former transportation security ray lahood says now is the time to raise the gas tax. >> america became number one in infrastructure. we built the golden gate bridge, the hoover dam, the interstate system using the big pot of money funded tgh

walton to come lead that effort.what their role was and we started the relationship to say we mean it, we want our youth to be employed, we want them to be trained in those employment. it was for us in city hall a realty that we're planning for this very day when seeing all this construction going on in the community that we wanted this community to feel that and be involved in it. we started investing in ycd, they started responding with good leadership and today we're proud to say that ycd has been named one of the non profit, the best non profit 2014 of the non profit times for this year. isn't that an accomplishment right here? [applause] ranked nationally it's number went. on an overall on a list of non profits, ranked number four in the small non profit category. they grew in the past few years from a staff of nine to 25 members. they're still there. getting all these jobs, a great strong partner with our summer jobs, now year round jobs for our youth and they are right in the center of our employment services,

that is what someone would do. -- sam walton would do. that is what he did before. he changed all the time. there was not a moment where he and the leaders looked at the stores and said, we are perfect. we are done. that never happened and that is not happening now. >> thank you. >> thank you. i appreciate the time. ♪ >> i mark halperin. >> i'm john heilemann. and with all the respect, i would not have voted for last season's winner either. >> in our washington lineup tonight -- jeb bush's running question and sony executive's lack of discretion. but first something in a congressional package -- what makes this trillion dollar spending bill different from all other trillion dollar spending

it was a great event and commissioner haney and incoming commissioner walton were both there and i was really glad to see them. it's just an amazing group of young people that performed last night. and then on saturday, an organization called pac to stem did a great event at the ywca in bay view that had young people from stanford and berkeley come and present to our young people on stem education and some of the stem careers that they can go into. it was really powerful to see these young men and women of color speaking to your young people as role-models and i really wanted to appreciate mr. tolliver for bringing that group together and the friends of the library had a wonderful event that both commissioner wynns and i got to attend. what i loved the most they were celebrating the opening of a new teen center that will be happening at the main library called the mix. and it's a media teen center that is opening next year and they are raising funds for that. our young people will be benefiting from having access to the facility at the main library. to congratulations to all of the org

jeff bezos studied sam walton and you're studying jeff pay zoes. >> we're trying to learn from sam waltonhe very best as we try to bring it all together. >> a key part of mcmillan's plan is happy associates. for years walmart's been criticized for its treatment of its lowest paid workers. out of 1.3 million u.s. employees, around 6,000 make minimum wage. mcmillan told me he's going fix that. >> we're going to make changes in a few months where no walmart associate in the united states will make minimum wage. we'll be ahead of it with our starting wage. >> is this one of those places where you believe it's the perception of walmart and the reality of walmart? >> i do. >> why do you believe it exists? >> in the world there's a debate over inequity, and sometimes we get caught up in that and retail does in general, but we couldn't run a good business if we don't take care of people and have compensation plans that work. >> but for mcmillan, the ultimate proof of change will come in walmart's performance. >> so there was in your career someone who raised this question. we know he loves the co

it's built into the waltons, the walton family, which makes $8 million a day without working, unlikerking for the money. and that's an important point to make. we have to support people like martha, keep organizing and keep calling out what they are doing and how they are doing it. fortunately, the law is beginning to work in favor of those who are doing the right things. >> this is one of the reasons why lamar alexander from tennessee, when they get the majority in the senate, they want to get rid of the national labor relations board. if that were to happen, what avenue do these workers have? >> well, they will have the avenue of protests, of economic pressure, of continuing to organize in different ways. but obviously, ed, that would be a tragedy and something that we will work and try and fight against happening. but look, these workers are strong. like martha, they're fearless, they're tough, they're speaking up, they're losing their jobs, they're having their hours cut. but they won't be silenced. a thousand protests, that's a big, big deal. >> martha, don't you feel that this

i'm proud to welcome the director and great partner for this housing project, shaman walton and our elected school board officials as well. >> i want to thank everybody for coming out. want to thank you mayor lee for your leadership, and also for your continued presence in this community. we have a lot of work coming to bay view and a lot of work coming on in bay view hunters point and we can always count on you to show your support. i want to acknowledge ycd's board of directors, our board president is here. [applause] so churches, homes, businesses an schools are built on faith and this lot 49 is a recognition of the nait faith we have in the community here in bay view hunters point and the faith that the city, the community, all of us trust in terms of what this shipyard could be. we're excited about the community participation on this project, all the way with the beginning of the design on the project to the construction of the project to eventually making sure we have members of this community living and residing in units here on block 49. it's been exciting to work with mcal,ocii to

kim, you know, you talked earlier about the walton family, many are not convinced that inequality is problem. they say look, we live in a marketplace, where the market mace rewards certain kind of labor, and that's that. and we should make out decisions around that, both how you prepare for life in the workplace, and how you get educated and so on. there's a certain amount of this that is simply your fault. >> well, i don't agree with that. i think we have a societal responsibility. believe that it is our job to help our fellow native. we can do that through the society in a number of ways, indeed, we can raise the men mum wage, we can encouraging employers and support employers we can stop wage theft by strengthennenning enforcement, and we can make work pay, we can provide the supports that almost every other country in the world provides. such as paid six days for all workers. these are core things that we as a society could do, that would help all workers in the country. >> tim ogden, do the people you surveyed have a lot of faith in the future? they are not so discouraged about

you, steve nash, luke walton, all these great players. why was it so important for you to be there at city hall? what were you thinking right before and silver made his ruling -- adam silver made his ruling? n myhe nba has bee life and i don't want some racist clown being the face of the nba. [applause] --missioners dilbert commissioner silver did such a good job. i played in milwaukee. they hired the very first black general manager. , i have life since then seen in the nba make more and more reaching out to be inclusive. to open doors in the front office, management and other atas where black americans one point were not considered. the nba has tried to do the right thing. if donald sterling is the face of that, something has to be done. >> around of applause for kareem abdul-jabbar. [applause] >> our q&a program is 10 years old now. to mark a decade of conversations, featuring one interview from each year over this holiday season. of colleges in preparing for the workplace. you can see that interview on q&a on c-span. here is more from

i called on home depot, walmart and i got fortunate to meet sam walton and he told the young man you had better figure out what you are going to do when you are older because there won't be jobs. it's going fast. he definitely was really worried about it and i can tell you as a small business now and from my former experience, manufactures, big manufactures get up to 30, 40% discounts over small businesses and if we don't support the small business this country will not turn around. i'm from an upper-middle-class family and a lot of college degreed individuals don't have job opportunities. i think the unemployment is 20%. what do you think? >> guest: well, with regards to the unemployment rate i think there are people who calculated differently. the number goes as high from the labor department that puts an employment rate at 5.8%. that has been declining. the unemployment rate, that's part of larger issue. in fact the participation rate, when you look at the unemployment rate at how many people are looking for jobs. it's called the participation rate and when you look at that that i

the brady bump's alice, ann davis, the waltons ralph waite, and the professor of gilligan's island russellan empire. cos car della renta did the same for fashion. billionaire richard melon skaife supported conservative causes and spent millions attacking bill clinton. willie solved the mist of what caused lime diseens. stephanie invented kebwar. joe saved the lives of countless athletes with surgery. >> it's saturday night live. >> saturday night live's don was one of the top announcers. casey case 'em was one of radio's. mike nichols directed hit movies and broadway smashes. >> i'd like to propose a toast. here's to the ladies who lunch... >> elaine strich starred and sang. alfel s made mad magazine icons. thanks to harold we laughed at animal house, ghost busters and groundhog day. >> no man ever put his hand up a woman's dress looking for a library card. >> few made us laugh harder than john rivers and we lost two men. caesar soared in the early days and robin williams irrepressible talent made him beloved around the world. we'll remember them all. last night, like most, he slept outsid

my family at christmas, you got to imagine if the waltons were drunk and fighting. >> jimmy: yeah. >>tmas. they start off really well and then there's, you know, someone go, "we're never having christmas again." [ laughter ] >> jimmy: well, i mean, do you have a funny family? have you -- >> yeah. >> jimmy: you're funny -- >> it was so important. it was the most important thing growing up in my area to be -- just to be having a laugh. >> jimmy: who's the funnier one? is it mom or dad? >> well, very different. my dad was very sort of quiet and just said one one-liner. and my mom was -- but we used to tease her and my brothers and sisters are funny. but even at my mom and dad's funeral, we were knocking around. >> jimmy: oh really? >> i remember -- i think it was my mum's funeral and we went -- everyone was very sad, and all my nieces and nephews were there, and brothers and sisters. and -- as soon as the vicar started talking, everyone started crying. >> jimmy: yeah. >> but i'd come prepared. i got a packet of tissues and i started handing them out. and i had written on them things like

shame on you, walton family. please, stay focused of what is going on.what is going on is simply, we have prosecutors who are not prosecuting. prosecutors who are not prosecuting. which,ases, most of and shut. are open these cases should even make it to the federal level. let's just be frank about it. just under a month ago in a public housing in brooklyn, new york, the pink houses, a young girly. killed named we responded to his partner. he has a two-year-old child that she will have to explain what happened to their daddy. they are trying to get all kinds of disputes going, that she said, i don't care about disputes, i want justice for my partner justice for my who i bid this child with. she rode gun here with this baby to stand up in the nation's capital for him. give them a hand as this family comes. kimberly. i thank everyone for the support. we really appreciate it. i was killed by police officers for no reason walking down the stairs on his way home. all i really need right now is justice. how do i explain to his two-year-old a daddy isn't coming

shame on the walton family. but i tell you, please stay focused. on what is going on, really.g on is simply, we have prosecutors who are not prosecuting. we have prosecutors who are not prosecutors. -- prosecuting. these cases -- most of which, are what we call cases, open and shut. these should not even make it to the federal level, let's be frank about it, they should be handled at the state level. the attorney general can handle most of these cases. so let's please, stay focused. on that. we need for you to continue to apply pressure where pressure is needed. when we have people in office not doing their job, that is the biggest injustices that we can have. when you do not have an agenda in congress -- it's almost from the inside that works the way to the outside. when you do not have balance on the inside, you will not have balance on outside. so we need more people -- we need more people -- we need a more diverse community within congress to make things happen. i'm going to close it by just saying that we thank you. do not forget my son's name. and they all will be vindic

the hot start has certainly impressed their assistant coach luke walton. >> when i was a player, i wasand we never won this many in a row because of that reason it's natural just to let down and be flat on random nights and these guys are competitive, they like playing together, they like sharing the ball, they take pride in what they do. that's the main reason we have been able to have this win streak and get off to a straight start. >> hot teams or cold one, colin kaepernick has taken a lot of heat for his treatment of the media lately. his one-word responses became the national story last week. he answered 32 questions with 87 words. today, kaepernick was much more expansive, much more personable and far more accountable. >> i think there's a different way to go about things. obviously, it's something that i take my job very seriously. and when i go out there and compete and i don't do well, it's -- i'm very hard on myself about it. so it's something that i have to be able to approach others differently with when i'm in those situations. >> good for kaepernick. much better with a sm

as patriarch of the walton clan he guided his large brood through the depression days. >> good nightey temple. ♪ who buoyed american spirits during the dark depression years with your brilliant smile. then walked away from it all became a successful diplomat. shirley temple black taught us all a thing or two about life. mickey rooney tore through life. >> so nice to bring your camera and awfully nice to talk to you all. >> osgood: he did it all through 9 years. >> good night and good luck. >> same to you, old boy. >> osgood: good night and good luck mickey roone me. rob thomas loved the glitter of the oscars, he reported on them for 66 years. good night to him. to oscar de la rena who dressed hollywood's glittering stars. and in photographs that live on. lauren bacall who fell in love with you right from the start. >> you know how to whistle don't you? just put your lips together and blow. >> osgood: lauren bacall died this year at 89. her charm and her beauty intact. >> i like it here. good idea, jim. >> osgood: james garner, one smooth operator. he didn't take acting too seriously

the drought walton, over to you. rich: thank you very much. max is a cyber security expert.ng on rebuilding thinking in favor of the consumer. ever core partners ceo will be joining us. blackrock cofounder. the number one thing the government can do for business. california keeping its grip on the movie industry. we will take you to hollywood for the story. fbi warning american businesses to prepare for cyber attacks. fire i.

today we have the absurd situation, the obscene situation where one family, the walton family, the owners of wal-mart, are worth about $148 about. that is more wealth in that one family than the bottom 40% of the american people. mr. president today the united states, we have the highest rate of childhood poverty of any major country on earth. about one-quarter of our kids gets their nutrition through food stamps and we are the only industrialized country, major country that does not guarantee health care to all people as a right. mr. president, we once led the world in terms of the percentage of our people who graduated college, but today in a highly competitive global economy we are now in 12th place. in terms of infrastructure, the united states used to have the finest, most envied infrastructure in the world. today, as i think every citizen of this country knows, our infrastructure -- that is our roads, our bridges, our rail, water systems, airport, dams -- they are virtually collapsing. the american society of civil engineers tells us that we need to spend $3 trillion just to bring o

major country on earth, with the top 1% owning more wealth than the bottom 90%, with one family, the walton family of walmart, owning more wealth itself than the bottom 40%. madam president, today in the united states, we have the highest rate of childhood poverty of any major country on earth, and we are the only major country on this planet that does not guarantee health care to all people as a right. the united states once led the world in terms of the percentage of our people who graduated college, and that in a global economy is an enormously important issue. we can't create jobs unless we have a well-educated work force. madam president, we we were oncn first place in terms of percentage of our people who gawded college. today we are in 12th place. madam president, i think as most americans understand, we once were the energy of the world in terms of the quality of our infrastructure, our roads, bridges, waste water plants, water systems, rail, but today, as all americans know, our physical infrastructure is literally collapsing before our eyes. madam president, real unemployment toda

one family, the walton family, owns more wealth than the bottom 40% of the american people. top one-tenth of one percent owns more wealth than the bottom 90% of the american people. 95% of all new income is going to the top 1 %, and corporate profits are at an all-time high. that is the overall reality of what is going on with the american economy today. and in the midst of that, we have the budget. so let's talk a little bit about this trillion dollar budget and how it addresses or doesn't address the problems facing our country. are there good things in this budget? and their answer is absolutely. i'm chairman of the senate veterans' affairs committee and i want to thank chairman mikulski and others for making sure that our v.a. gets the kind of budget that they need. included in that budget, by the way, is also a provision for -- called advanced appropriation for the v.a. which will mean that in the event of a government shutdown, veterans will still be able to get the disability benefits that they desperately need. and there are other provisions in there that are very, v

shame on the walton family. but i tell you, please stay focused. on what is going on, really.ing on is simply, we have prosecutors who are not prosecuting. we have prosecutors who are not prosecutors. -- prosecuting. these cases -- most of which, are what we call cases, open and shut. these should not even make it to the federal level, let's be frank about it, they should be handled at the state level. the attorney general can handle most of these cases. so let's please, stay focused. on that. we need for you to continue to apply pressure where pressure is needed. when we have people in office not doing their job, that is the biggest injustices that we can have. when you do not have an agenda in congress -- it's almost from the inside that works the way to the outside. when you do not have balance on the inside, you will not have balance on outside. so we need more people -- we need more people -- we need a more diverse community within congress to make things happen. i'm going to close it by just saying that we thank you. do not forget my son's name. and they all will be vind