. >> my name is paul weber. my father was a lawyer in small-town vermont, who was always willing to help a client out. and that's how i ended up inheriting a really cool and really old chinese relic and a pretty strange story to tell. >> i'm jamie. i meet paul, a local math teacher, and his wife, sarah, at their home. >> come on in. >> thank you so much. the residence doubles as a bed-and-breakfast the couple have run for almost 30 years. i couldn't help but noticing, as i came in, you have a lot of exotic art. >> my father was always interested in asian art and he dabbled in painting a little bit. and so that's why we have lots of things around the house. >> when paul's father, bruce weber, wasn't practicing his painting skills, he was practicing law in nearby brattleboro. what kind of attorney was your dad? >> well, as a small-town lawyer, you don't specialize. you do a little bit of everything. >> in the mid-1970s, a woman comes to bruce in need of legal services. whether she couldn't afford his fee or for so

recently to talk about this past year and what's in store for 2020. >> sreenivasansaconnie kargbo, weber, thanks for joining us. happy 2019. let's start with one of the stories that you roguysced with me, for me, out in the mangroves of florida. first of all, how did story idea come about in the first place? >> well, it was acatally a collabn with several other media outlets, including the non-profit, non-advocacy group, climate centra >> sreenivasan: uh-huh. >> so, it was a story that they brought to us, but it was a really sort of fascinating story of a inroads further and further north because there was less and less freezes and less and less vere cold. >> sreenivasan: and we got to go out and watch the scientists work. >> absolutely, and i think that was probably quite the most interesting part of the story was beinable to follow as the scientists conducted some of the investigations they were doing. >> sreenivasan: each of these chambers is a glimpsinto the future. by shielding it from the elements, the temperature inside is a couple of degre centigrade warmer. by doing this, scient

editor of the magazine, joel weber. let us get more on that mistrust in the department of defense and how ties to china could prove fatal for applicants' security clearance. >> this is a continuation of work i have been doing all year long on the whole question of whether or not we are overreacting in this country to the threat of chinese espionage. the threat of the theft of international property. this week's "businessweek" story is about an army engineer was harassed, essentially, by the fbi and intelligence from the army. this is a civilian engineer. and ultimately his security clearance was taken away after over 20 years of stellar performance, including performance including developing stellar performance, including developing a software system that the nsa uses for communications and eavesdropping and things like that. this stellar scientist, lost his security clearance forcing him to retire. he was of retirement age. not the biggest body blow but he was humiliated. he was accused of disloyalty. he had a lot of t

we'll be hosting with joel weber.osting the interviews next weekend show on bloomberg businessweek. jason: for more bloomberg television, it starts right now. ♪ daybreake to australia. we are counting down to asia's major market open. ♪ paul: here are the top stories in the next hour. weaker than expected shipments last month show why china needs a trade deal. global demand increasingly hurting the economy. oil set to expand three days of gains after opec announce more production curbs.

joel weber, thank you so much. carol: a pushback.oros,soros, yes, that george soros, gets a little conservative. carol: they are indeed. this is bloomberg. ♪ carol: welcome back. carol massar. jason: i'm jason kelly. as for bloomberg on the radio. catch up on every daily show through our podcast. you can get it on apple podcast, soundcloud, or blumberg.com. carol: you can find us online. when companies buy their own shares? good question. the companies that come out on top. jason: our economics editor is here with his story and this week's businessweek explainer. >> last year, s&p 500 companies bought back $806 billion with of shares, 55% more than the year before. this year, on track for $740 billion, the second-most ever. one commissioner had his staff study 385 recent buybacks. morefound shares rose 2.5% than the days after buyback than otherwise expected. they also found twice as many had executive selling in the eight days after buyback announcement as they do on an ordinary day. the value is more than five times higher. when a

we'll be hosting with joel weber.we'll be hosting the next weekend show on bloomberg businessweek. jason: for more bloomberg television, it starts right now. ♪ eÑ ♪ david: why is it that wall street doesn't value airlines as much as you think they should? ed: warren buffett said you guys are the chicago cubs of the business world. you had a bad century. david: initially, you went to frito-lay? ed: i consider that my postgraduate work. david: what percentage of people lose their luggage? ed: we never lose. we call it mishandled. david: mishandled. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

we'll be hosting with joel weber.we'll be hosting the next weekend show on bloomberg businessweek. jason: for more bloomberg television, it starts right now. ♪ when it comes to using data, everyone is different. which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to other top wireless carriers. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. david: why is it that wall street doesn't value airlines as much as you think they should? ed: our largest investor is warren buffett. he said you guys are the chicago cubs of the business world. david: initially, you went to frito-lay? ed: i consider that my myining there as postgraduate work. david: what percentage of people lose their luggage? ed: we never lose. we call it mishandle

we'll be hosting with joel weber.d we'll be hosting the next weekend show on bloomberg businessweek. jason: for more bloomberg television, it starts right now. ♪ scarlet: i am scarlet fu. this is bloomberg "etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. ♪ scarlet: ant race. the floodgates are about to open for active nontransparent etf's in 2020, how they are preparing for their arrival. why s&p dow jones indices say

i'll encourage to hear from dana weber whose family was started 50 years ago by her dad. she's told me she worked for 48 of those years growing up. and there's a part of a burgeoning and growing pipe business in this country that's benefited by the efforts that you've taken on steel. these are great job creators and i told them how grateful to have them here and how anxious you are to hear how we can continue to build this momentum in this booming economy. bart? >> thank you very much, mr. president, vice president, for giving me this incredible opportunity. my name is bart smith and i'm the president of journey steel. journey steel is a self-performing steel fabrication and erection company. we're headquartered in cincinnati, ohio. we established journey in 2009, built on passion, dependability. we provide on time, in-binlt project -- in budget project to our customers. a program with high school seniors well. get them started in the construction economy. we are 8-a. wose and on a state level, edge and d. bemplet which these programs are put in place to help small minori

the former assistant fbi director chris weber joins us to weigh in. you for joining us, appreciate it. what did you think of the testimony from horowitz? >> this is serious stuff. the fisa court is reacting to his report. anytime you hear from the inspector general, you get more context around his report and find out the absolute finding about bias isn't absolute. he seems to be calling out the fisa process. my problem is i think it is a red herring. the fisa process is one of the most rigorous processes to get any warrant in the intelligence field. the problem in this case with leadership and quality control, the leadership did sign offs and either didn't read is or made sure it passed through. you can't legislate that or create rules and procedures that address the problem of people not doing their job or having bias. you have to hold them accountable and that is not happening yet. heather: if i was correct in listening to him as i understood it, he was saying there is no bias in opening the investigation but that wasn't to say there wasn't any bias

on what you based just said, daniel weber -- danielle weber is in the steel industry. pres. trump: i would like you to back me up here. >> i will absolutely back you up. you are the first president in the past 40 years that has supported manufacturing and i want to say thank you. the tariffs on the trade policies have made a huge difference. we are investing at record levels. we are paying profit-sharing having and we are customers come out of the woodwork. you have made a tremendous difference. that is on top of all of the tax relief and the regulatory burdens. as i said earlier, please keep doing what you are doing for at least nine more years. pres. trump: i love the word "at least." [laughter] and the industries, steel industry in particular -- we weren't going to have a steel industry. even from a defense standpoint. imagine if we had to go to another country to get steel? that's what was happening. things were closing down and on purpose, people coming in with negative purposes. they are not too happy but our people are very happy. it will be almost like the old days.

carol: let us bring in joel weber. reporter: a combination of amazing coverage from the abouterg team this year the listening devices. americans in particular really love these things. carol: we really love these things. joel: there have been some privacy concerns that the tech team has done and we bring it together in the cover story. jason: the bloomberg 50 was this week. what a night. you guys looked great. joel: this is a gala meant to celebrate the people on the list and their accomplishments in 2019. carol: the remember having conversations at my table and we did a broadcast from there. people were loving the eclectic names. way ofloomberg 50 is a using what we use better than anybody else, data. looking out across the various worlds of finance and entertainment to see who has had real impact. jason: we will hear from some of those honorees later in the show. i have to ask you about the new red scare. our is a story that caught attention. and once you get into it, it is a little terrifying. wallman has really del

. >> all that, for step here is joel weber. >> we put together a holiday cover for you. >> quite a coverhere. what a year. >> we think this is one of the biggest stories of the year. it started with -- the magazine covered it very early on when there was going to be an ipo. as that coverage developed and went on, there was another story we started to think about which was one of the biggest investors. >> i do love the cover. seasons greetings. we did talk about it so much this year, what i love about this is i feel that you guys go into the layers of division funds. obviously, there are other players. ismoffett being the guy who really the visionary at softbank. whocially the vision fund is now in silicon valley a hundred million dollar vc fund that can do a lot of things. one of the ways it can do that weworknto something like , and bankroll wework. that is a business model that not -- might not have been rife for the long haul. >> they were very aggressive. >> that is the strategy. let's flood the zone with money, go big or go home basically is the strategy. sometimes that works, to be

colonel, glover i did not ask you to assess possibilities, i asked you if you could do it, a colonel weber thanks for a second and says, general washington, we can do it and that is when legend tells us, this legend, it is not written anywhere, but legend tells us that that is when washington made the final decision to go ahead with this bold move which truly did save the american revolution. you can point to maybe a dozen events that truly change the course of world history forever and one of them took place right on this ground where we are standing here. it's not. >> it is one of the three iconic parts of the --. if you ask, anyone even the smallest part of history, they're going to talk about washington crossing the delaware and a battle of york town. everyone knows the iconic painting which was obviously pointed in the 18 fifties based on the reinke river but everyone knows that painting as washington crossing the delaware, and i will tell, you this river does freeze solid. we certainly do not get icebergs. it is thick sheets of ice that go straight across. >> so, the reenactment part

editor of the magazine, joel weber.et's get more on that mistrust in the department of defense and how ties to china could prove fatal for applicant security clearance. jason: here is our conversation with peter wallman. peter: this is a continuation of work i have been doing all year long on the whole question of whether we are overreacting in this country to the threat of chinese espionage. specifically the threat of the theft of international property. this week's "business week" story is about an army engineer andwas harassed by the fbi military intelligence from the army. this is a civilian engineer. and ultimately his security clearance was taken away after over 20 years of stellar performance including developing software system that the nsa uses for communications and eavesdropping and things like that. this stellar scientist, lost his security clearance forcing him to retire. he was of retirement age. it wasn't the biggest body blow but he was humiliated. he was accused of disloyalty. he had a lot of ties, frie

jason: here is joel weber on the issue. let's start by talking about trains. it's a big travel week. maybe people taking a train, flying, but amtrak is in a bit of a pickle. joel: amtrak has been a money loser for years. it has a new ceo who came from the airline industry, and devin sat down with him to talk about his plan. a lot of people who are amtrak fans don't really like this plan of his. but it could lead amtrak to be profitable. carol: delays, delays. never on time, right? jason: it is richard anderson, the former ceo of delta, not making a lot of friends out there. maybe some people making friends, or at least feeling better about the economy, is almost everyone. peter coy talks about this 180 folks have done looking at the economy. joel: just a couple months ago, it was like rain clouds out. now it is winter, and suddenly the sky seems to be opening up and everybody is like, it does not seem to be so bad. a crazy time for the economy. in the background of this is the trade war. if there is any sort of resolution, even a phase i deal, you might think

several big fights broke out in the parking lot of the webers town mall. the teens then moved onto the sherwood mall which was also put on lockdown. no arrests have been played so far. one person was taken tonight hospital. >>> new at noon, i-5 through the grapevine is back open after a shutdown made travel a nightmare from northern to uthern california. snow had piled up in the mountains. jamie yuccas has more on the storm that caused big problems onfl anthe 30 miles of las vega blanketing the area. >> normally it takes us 30 minutes. it took us about an hour just going slow following people. >> reporter: they sat in traffic for hours after snowy conditions forced the closure of the busy interstate 125. alternate routes were overwhelmed as well. >> i turned around twice and came over the pass to go to work and because of the weather, we didn't work, so trying to get back home. >> reporter: meanwhile, heavy snow also fell in flagstaff, arizona as the st. ssmae iv the storm wreaked havoc in southern california yesterday with snow in the mountains closing tw

jason: that is why we have joel weber to break it down. thank you so much.nd it is not just an internal dilemma at google. carol: for more on that cover story and big tech computing, here is reporter joshua brustein. josh: there are two differences between google and microsoft. the first is an internal difference, which is that google has always had a culture where they debate everything. there is a long history of these message boards where everything came up from rigorous debate. microsoft is a very buttoned up company, top down. the second thing, to allude to your point about how the public looks at them, microsoft has receded as a real consumer-facing company. google is one of the things we think of as the internet. people use google search every day and they think, they are building weapons? or they are building military something. and that makes people uneasy. it doesn't maybe with companies that are not in their day-to-day consciousness. jason: amazon and its lobbying and trying to find its way in a much more complicated nation's capital, and a nation

a little bit warmer than average in the south weber no story. here is your seven day forecast. boy does not look busy? just a couple of weak impulses coming through for rain. next one is tomorrow night and then another one for the later part of friday. back over to you. >>> a 49er receiver season is over. we will tell you who and why, and a huge award for a local football player. he sounds like a rater already. >>> cbs evening news is coming up, norah o'donnell is here with a preview. >>> tonight on the cbs evening news a man whose phone number has them thinking they called the north pole. how this accidental santa brings them holiday cheer. the stories and more tonight on the evening news. on the economy, a unique leader. mike bloomberg's created over 400,000 jobs. as president, an opportunity economy that works for us. tax fairness -- where the wealthy pay their fair share. education .. affordable college and high skill vocational training so people can succeed in the new economy. economic security .. lower cost health care and affordable middle-class housing. proven leadersh

axel weber. always great to see you. thank you so much for joining me this morning.et me get your first take on how you see the global economy, talk to us about the u.s. versus the rest of the world. >> unthe global economy is going through a challenging time at this moment. our forecasts aren't quite as optimistic as consensus. we see the start of next year having difficulties, because tariffs are still working their way through the global economy and that will take a toll. there's a cycle that contributes 50% of the weakness of the current cycle. that's not going to go away anytime soon. there's a tech cycle that also contributes 30 to 40% of the current weakness. both of those are more longer term issues and so we see that still taking some toll in the early part of next year. it's going to improve then towards the second half. maria: and yet the u.s. seems to be showing strength in the consumer, strength in certainly the jobs picture. where does the u.s. fit into the global economy as you see it? >> i think the u.s.es is one of the strongholds of the global econo

this weber gain a year as is the complete opposite visually making its owner proud. of the name what he really likes is that it's kept relatively discreet thank goodness has black because otherwise it would probably be even more extreme but it's very well done a nice modification to good tuning this too and. on the 500th anniversary of leonardo da vinci's death in town design hued and i like freak foresee gran turismo name davinci the car can accommodate 2 electric motors with a battery pack in the floor of the dash has 3 monitors one of which is for the instruments. who knows what lay in outer davinci himself would have thought of the s. and motor show though he may have been flattered by the divin she. presented in late 2018 was out he's 1st of all electric powered vehicles. now a 2nd electric model is hitting the market another s.u.v. but this time with coop a body contours output peaks at $300.00 kilowatts with each transport back achieving a range of up to 446 kilometers 561 new meters are available from the get go and sheering a superior feeling of acceleration

meanwhile, tom hooper's adaptation of andrew lloyd weber's "cats" appeared to have flopped. in a distant fourth place with $6.5 million. >>> and rapper 50 cent is making headlines for shutting down an entire toys 'r' us store for his son for christmas. the rapper posted a video of the private event on twitter over the weekend. the site of the store's new jersey location even got a new name reading sire's toys 'r' us. toys 'r' us announced a comeback with new popup stores nationwide. >> nothing says an intimate father-son moment like a camera crew following you along as you pick your own guests. >> he did say, dad, why are people filming us. it's a wild one. talk about i guess a december to remember. >> reports say $100,000 to do that. i'm sure 50 is busy teaching his son the importance of charity at this time of year, as well. >> i hope so. uh-huh. >> diane king hall at the new york stock exchange. thank you so much, diane. >> you got it. >>> still ahead, ejected from the game. we will show you the violent play that got a panthers player thrown off the field and how he respo

the teens then went to a second mall prompting authorities to put both weber's town and sherwood mall on lockdown. >>> might be hard to believe, but we might be looking at a little more breathing room in the crowded bay area. population growth has hit a 15 year low, and experts say it's all fueled by a bay area exodus. according to new state data, more people are moving out than in with santa clara county leading the way in negative migration. to top it off, the bay area's 26,000 new residents are mostly babies. the mercury news reports experts chalk it up to the cost of housing and quality of life issues, and that its start ups with setting up shop elsewhere. >>> let's check in with darren peck now. he's watching the forecast for us and you have more cold weather on the way darren. >> overnight tonight, yes. but maybe not so much on the next holiday coming our way. christmas is behind us, so we're looking ahead to new year's. here's the forecast. this is specific to the shows going on you'll be able to see in and around the bay. this is a good forecast. it's just a few clouds new yea

from the cgi, to the casting, lloyd webers much loved musical is a film that's less a memory and more tunes? here to discuss is film critic caspar salmon. cats like fish, does mr simon to make salmon like cats? it is a film that her mother gob smacked by in its awfulness, that makes any sense. the director has had huge successes and said he wanted to tackle cats because he didn't want that to be the only musical that he didn't he had wonderful memories of it as a child. has he been let down by the effects or is the whole vision wrong interview? i think we need a whole postmortem on what went wrong because there is a whole catalogue of ills here that need to be addressed. and partly effects, the cgi addressed. and partly effects, the c6! is addressed. and partly effects, the cgi is really disastrous and kind of shoddy looking, the hair on these animals is a really woeful. for the lot goes wrong, the performances, the choreography, and partly i think thatis the choreography, and partly i think that is due to the original material which does not translate to the film. that is really inte

the new details about a man accused of stabbing her child and the new am weber alert. >>> the one thing facebook is not allowing them to do. >>> but first -- >> article 1 is adopted. >> a historical night. for just the third time in history the house votes to impeach the president. thanks for joining us. i'm aguirre. >> and i'm raj mathai. the president has been impeached. it happened mosts ago. it's under two

the bad as much power as christmas tree decorations there was hope for the european union manfred weber a candidate running for the european commission presidency wanted to end power parliament and weaken the commission introduce some accountability naturally his career ambitions ended early in the u.s.s.r. no one went against the police bureau in the e.u. no one messes with a commission the problem with commissars and commissioners is that inevitably when you give someone too much power and too much space they use it it changes them and they change the system they live in everything with red tape they stall everything with bureaucracy change becomes the enemy the u.s.s.r. tried it and failed miserably and god alone knows why the europeans think they'll fare and the better. stray bullet coming up next on the documentary channel exploring criminal justice system in new jersey we're back at 10 a most good time with another global news right now. and once started for greenwald on the side of those nations which for us you know and best solution was there a commission to search one of the f

the bad as much power as christmas tree decorations there was hope for the european union manfred weber a candidate running for the european commission presidency wanted to em power parliament and weaken the commission introduce some accountability naturally his career ambitions ended early in the u.s.s.r. no one went against the police bureau in the e.u. no one messes with the commission the problem with commissars and commissioners is that inevitably when you give someone too much power and too much space they use it it changes them and they change the system and everything with red tape they stall everything with bureaucracy change becomes the enemy the u.s.s.r. tried it and failed miserably and god alone knows why the europeans think they'll fare and the better. brooks it has been the obsession of british politicians for 4 years now with general election now in full swing a recent poll found that what people worry most about those the country's national health service and there are good grounds to worry. brits love the n.h.s. it's a national treasure and the politicians know it is s

the long—awaited big screen version of andrew lloyd weber's hit stage musical cats has finally arriveds a cast of stars which includes taylor swift, damejudi dench and idris elba. but the reviews haven't exactly been overwhelming, as our arts editor will gompertz reports. this is the trailer for the big screen, big budget adaptation of cats. it caused a social media storm when it was posted the summer. what's your name? cat got your tongue? people were freaked out by the uncanny furry faces of the all—star cast, sporting body—hugging onesies, revealing distinctly human curves. interview requests from the media, that would normally be lapped up, were declined. tom hooper, its oscar—winning director who was behind the king's speech, made some changes, working right up to its release this week... ..and a blizzard of bad reviews. the guardian called it a "perfectly dreadful adaptation" in its one—star review. the daily telegraph gave no stars at all to what it called a "moggy mess", while your correspondent found it "soulless". the daily mail, though, was far more positive, saying eight ou

well independent political commentator anthony weber believes the opposition will now lessen its hostility to the government. if there is cause for celebration for the country because the 1st period of uncertainty will be over and there's cause for celebration because boris johnson has actually married a commitment which is come true the conservative party has got a huge majority they can get through anything very wants. but that will be a positive thing from the point of view of bracks and its course. of the concern might be on other issues where. you could argue that they haven't really yours or mandates but i think the public have given a mandate on the subject to bracks who. are very very some of the opposition think is will probably turn down their rhetoric including even the who are a lot of people are getting fed up with because very only had 45 percent of the vote very claim to speak up for the scottish people which very very clearly don't so i think over the coming months we're going to see some more really sort of. a man accused of stealing and burning and l. g.b.t. flag from the

well independent political commentator anthony weber believes the opposition will now lessen its were still se to the government. there is cause for celebration for the country because the 1st period of uncertainty will be over and there's cause for celebration because boris johnson has actually married a commitment which is come true the conservative party has got a huge majority they can get through anything very wants. but that will be a positive thing from the point of view of black suit of course. because of concern might be on other issues where. you could argue that they haven't really yasser mandates but i think the public have given a mandate on the subject to break through. are very very some of the opposition think is will probably turn their rhetoric including even the who a lot of people are getting fed up with because very only had 45 percent of the vote very claim to speak up for the scottish people which very very clearly don't so i think over the coming months we're going to see some more rigorous. man accused of stealing and burning and l. g.b.t. flag from the u.s. c

or independent political commentator and c weber believes the opposition will now lessen its for still a t. to the government there is cause for celebration for the country because the 1st period of uncertainty will be over those causes celebration because boris johnson is actually married a commitment which is come true the conservative party has got a huge majority they can get through anything very wants. but that will be a positive thing from the point of view of bracks and its course. of the concern might be on other issues where. you could argue that they haven't really yours or mandates but i think the public have given a mandate on the subject to break. and i think certainly some of the opposition we think is will probably turn their rhetoric including even the who are a lot of people are getting fed up with because they're only had 45 percent of the vote very claim to speak up for the scottish people which very very clearly don't so i think over the coming months we're going to see some more really sort. of a man accused of stealing and burning an l.g. b.c. flag from the us ch

you to break it down as assistant director chris weber, thank you for joining us this morning.ant to hear from you. your firsthand account. what did you think as you listened to phrases like failure by the entire chain of command being said by horowitz, they found 17 significant inaccuracies and omissions among a host of other things. >> it was worse than i thought. i didn't think there would be 17 different instances of embellishment, omissions, errors, unsupported assertions, and for background, fisa is the most intrusive thing you can do to a us citizen in terms of surveillance, listen in on phone calls, intercept texts an emails, install microphones, put a camera in somewhat's house and look at their computer. knowing that 17 different violations were associated with that application is terrifying but i want to point out this was not low-level people. the inspector general has a history of laying things on low-level people to move onto the next thing, by in by the executives, they are not appliquÉd he gets to move on and sign off on it. this is abject failure in leadership

even tonight chris cuomo on randy weber a congressman. reacting to the story. let's listen. >> was the crowd strike involved in the hacking? >> yes. >> is crowd strike in part owned by ukrainian? >> no. >> really? >> yes. >> that's not the information -- yes, really. that's not the information we have. >> you have bad information. the man is a american born of russian decent. not ukrainian. >> even when presented with information showing ukraine was cleared, there's still falsely pointing the finger at ukraine. presented with real facts, they still point to conspiracy theories. that's why i ask, what the hell is going on? are they that thick? >> they can't get off crowd strike. i was in the classified briefing in january 2017. when the leader of the intelligence community came in and briefed the members of the house about how the russians hacked the election. to harm clinton and help trump. they were very clear. there was no discussion of ukraine. fast forward a few months. go back a few months. august 2016 i was on the congressional allegation. to ukraine. i a

lost two giants over the last couple of days, literally and figuratively don marron once ran payne weberaul volker passed away at 92 fed chair from '79 to '87, attacked inflation with rates we have not seen nor perhaps will ever see again it worked. >> yes, october he decided to -- fed chair volker decided to target credit. people feel after he broke inflation, that's when the great bull market began. there have been stutter steps, but a lot of people were -- think of volker as the man who made america a country that was regarded as not willing to take inflation anymore. >> the great bull market in bonds began too. >> yes, and it has been -- you can sell 14%, 15%, 16% bonds treasuries to people in the early '80s 30-year and that paper kind of just came due. i -- everyone respected volker now there was a second volker, the volker who came in after the great recession. and basically said, we got to get these banks from taking on risks. very unpopular again, you know what he did? he took unpopular stances in an era where people seem to always want to please and i think that's extraordinary.

but here's editor joel weber. joel: we put together a holiday cover for you. jason: what a year.oel: this is one of the biggest stories of the year. and it started with we work, even pre-ipo chatter. as that coverage developed and went on and on, there was another story we started to think about, which was softbank, one of the biggest investors and we were. -- we work. carol: softbank, we did talk about it so much. what i love is that you guys go into the layers of softbank division fund. obviously the leader of it all, but also other players. visionary at softbank, especially at division fund, this outside force in silicon valley, $100 billion vc fund that can do a lot of work because it has so much money. one of the ways it can do that is go into we work and bankroll we work, a business model that may not have been for the long haul. carol: funny you talk about the business model. jason: -- joel: let's flood the zone with money. go big or go home. sometimes that works. we -- they have had some wins. other times it doesn't. the other thing it reveals is the culture within softba

the new details about a man accused of stabbing her child and the new am weber alert. >>> the one thing facebook is not allowing them to do. >>> but first -- >> article 1 is adopted. >> a historical night. for just the third time in history the house votes to impeach the president. thanks for joining us. i'm aguirre. >> and i'm raj mathai. the president has been impeached. it happened mosts ago. it's under two articles, abuse of power and obstruction of justice. it went as expected, strictly along party lines. the democrats will be holding a news conference any minute from now. we're awaiting nancy pelosi to address the public and tell america what went down tonight. this is essentially a symbolic vote by the house of representatives because essentially next month the senate will vote against impeachment. now, among the politicians, not just speaker employee sichl we heard from other house speakers. for lofgren, this is her third impeachment process. >> this is even worse. president trump not only used his power, he used a foreign government to do it. >> lofgren worked as a staffer for

carol: while washington news was watching, for more on the issue, let's bring in joel weber with thisover story. happy holidays, a lot going on. joel: absolutely. we put together a holiday cover. jason: talking about softbank. what a year. joel: this is one of the biggest stories of the year and it started with we work and it started early on, when there is going to be an ipo. as the coverage developed and went on, there was another story we begin to think about, softbank. carol: i do love the cover, seasons greeting from softbank. we did talk about it so much. what i love about the story, you guys go into the layers of softbank division fund. obviously, the leader of at all. but there are other players. joel: massa the guy who is the visionary at softbank, especially at division fund, this outside force into the con valley, $100 billion vc fund that can do a lot of things because it had so much money. one of the ways is to go into something like we were and bankroll we work, a business not ready for the long haul. carol: funny you talk about the visits model. they were very aggressiv

let's put it to gop congressman randy weber. i hope you had a good thanksgiving. >> thank you, chris. we did. i hope you did, too. >> now, i am not blaming you for this. i asked senator kennedy to come on the show. he came on last week to clarify his comments, he then seemed to walk backwards. he's invited whenever. however, you do not believe the comments by senator burr are wrong, right? >> now, you're saying russia or ukraine, chris? >> i'm saying russia because i'm speaking about fact here. russia did it. burr said it in his committee, the intel committee said it. everyone who has looked at it has said it. do you agree with that? >> of course that's what-th the say they found. that's a point of contention. >> it's not a point of contention. >> the fact that there is leftover interest in what happened on how the russians and ukrainians did it. >> no, no ukraine. >> i get that. >> you just added them. doesn't add them. because they have nothing to do with it. >> what i'm saying is the president thinks that they did. he doesn't

you can still, even if it's some shower enough to trickle the windchill webers the south in.ver to start of the day. we actually have some sunny breaks. partly cloudy skies, 12:00. pretty much the same story in san francisco by 3:00, arley cloudy skies. short-term, we have clouds, a few scattered showers. still a chance at 11:00 when we scale back on the activity. grabbed the evening but hold on to some possibilities in the showers. here we are holding onto, but the teams are more of like this. may be a lie shower, too. or maybe a call. we will talk about more sunshine for a good portion of the bay area, especially from golden gate bridge south. heading into a little bit of a break before that weekend is the most is our weather picture. we'll have more on that coming up in a few moments. >>> all right, thank you so much, mark. >>> a 70-year-old girl is under arrest for allegedly bringing security at an airport today. climbing into a play and then taxing before eventually crashing to a building. it happened around 7:30 this morning. the teenager climbed over a six foot fence w

. >>> an increase of police and security at webers todd mall in stockton. after multiple fights broke out last night. 150 to 200 teenagers gathered here. stockton to please help break up crowds of teenagers closing them all down. the fights broke out in the parking lot sending a woman to the hospital with unknown injuries. nearby sherwood mall close down as well. today these signs were postfr o closing time unless you are with the parent or guardian. >> i do think there. should really get more involved with these teenagers. i also think that, you know, beefing up security is a good idea >> but shoppers say they feel comfortable because of the expert mall security but expressed disappointment that this would happen during the holidays. >> it is so unfortunate because we have a great town here and i really enjoy spending time over break with our kids. it's awful to have to worry about things like that. >> does not make sense at a time that is supposed to be forgiving and caring in spinning times with your loved ones. >> some shoppers say they are concerned ab