weinberger, secretary weinberger, and he knew i was disappointed.oked at me and said, you know, you are not going to get division. i know that disappoints you but next year you are going to get a corp and that is to divisions. 70,000 people in the fifth corps. alere later he let me go -- a year later he let me go and i went to germany, guarding one of the invasion routes. david: that was a great job. gen powell: great job and lasted four months. david: there was the iran contra scandal. he wanted u.s. deputy. gen powell: frank, it cannot be that important. it is that important. see if you can risk your entire career by saying the next sentence. frank, if it is that important, why doesn't the president call me? half an hour later, hello, general powell, this is ronald reagan. yes, sir. [laughter] i really want you to come back here. he is reading the talking points frank gave him. i want you to come back here and be deputy of the national security advisor. yes, sir. i will be right there. david: you came back? gen powell: yeah. nine months later fran

weinberger, secretary weinberger. and he knew i was kind of disappointed. so he looked at me and said, well, you know, colin, you're not going to get a division now, and i know that disappoints you, but year you are going to get a corps, and that is two divisions. david: right. colin: a corps is a much larger organization. 70,000 people in the fifth corps. a year later he let me go and i went to germany and took command of the fifth united states corps headquartered in frankfurt guarding a gap, one of the invasion routes week expected the russians to use. david: that was a great job. colin: it was a great job. it lasted four months. david: there was the iran-contra scandal. colin: yep. david: new national security advisor came in and he wanted you as his deputy. colin: i said, frank, it can't be that important. he said, it is that important. i said, ok, see if you can risk your entire career by saying the next sentence -- well, frank, if it is that important, why doesn't the president call me? half hour later -- david: you get a call from? colin: [impersona

and so he became very close to weinberger. he was very astute, politically and, and by the time that carlucci became reagan secretary of state and was looking for someone to be his deputy. he went back to pal and said, come and be my deputy carlucci later left that office and break it. and power became regan 6 than last national security advisor. and i think acquitted himself well. he was still a military officer on pay dish military. and that was sort of an unusual thing. but i think that he was seen as someone who sort of edit at a time when reagan was in the view of many people kind of starting to lose a little bit out, kept him on the stage straight and narrow and was viewed as kind of keeping that institution and matt afloat at that time, but just keeping it organized, you know, he's a very, very organized guy. and he kept the national security council very organized. and you know, meetings started on time options were presented to the president and things work the way, theoretically they were supposed to work. so after h

money to the contras deal, but managed to evade judgment, unlike weinberger, who was indicted and had been condemned, and then pardoned thanks to lobbying by colin powell. poll is skillful not just in terms of helping reengineer the post vietnam military, he has also been skillful at evading political judgment as we saw in iran-contra. having this idea that the one blot on s record is the lies around iraq is a travesty because he has made a career out of being a good soldier and supporting u.s. mass murder around the world, but evading the credit for it. i will leave it there. juan: i am wondering if you can talk a little bit about his legacy in terms of arming and training the salvadoran army, including his relationship with the president of el salvador in the 1980's. >> powell was one of the reagan administration's point people in central america. as a point person, helping the salvadoran military dictatorship and the guatemalan and other militaries in the region that were responsible for the deaths of hundreds of thousands of innocents. in thease of guatemala, 200,000 indigenous pe

and he, his boss was casper weinberger. the was the head of that agency at the time. and the other person, high up there was frank carlucci. and so when weinberger became ronald reagan's secretary of defense, he thought of bringing pal, so in the military to be his, his mila chief military aid. every secretary defense has a mid level officer who, who with his, essentially from day to day life, his liaison for the military, his, his eyes and ears in the military. and so he became very close to wine burger. he was very astute, politically. and by the time that carlucci became reagan secretary of state and was looking for someone to be his deputy, he went back to pal and said, come and be my deputy o. carlucci later left that office and reagan and pal became reagan 6 than last national security advisor. and i think acquitted himself well. he was still a military officer on pages military. and that was sort of an unusual thing, but i think that he was seen as someone who sort of at the, at a time when reagan was in the view of many people kind of starting to lose it a lit

also worked for cap weinberger, the former defense saer.as omb director and then to captown of security adviser and served republican politics for decades. he was very suspicious of bill clinton as were all the joint chiefs. sam nunn, a fellow white southerner because of bill clinton's background and avoiding vietnam war. powell's son was injured in germany. he was a family man, grandfather, fighting his way through myeloma and so tragically was being treated for it and then he was taken down by this horrible covid where he was at least double vaccinated. i don't know if he was triple. he was getting best care at walter reed. i think of him at howard university, on the floor of the philadelphia convention, speaking with fellow republicans about affirmative action. i think of those interviews when he decided to endorse barack obama and speak out certainly supporting a democrat against the republicans, a big break for him politically, someone who once was thought of as a possible candidate for president. and i think of him tinkering with his

how good is the goodness of the data you and carl weinberg have? is challenging right now to figure out what the underlying trends are given the dislocation we are seeing on the supply side of the economy. we expect these disruptions will eventually pan out and what we see beyond that is slower days were the impetus for demand which is being built into expectations that will last longer, that is not there. you will not see the sugar high of unemployment benefits. as the supply dynamics readjust, we think the demand-side of this equation will also be tempered and that's why we think we will move into a lower inflation and low growth environment. jonathan: can you put some numbers on that? what are you looking for? >> if you look at our forecast, we are up 3% and on cpi inflation, we are still seeing high readings and that is a function of how we expect the goods and service sector to adjust especially as we see normalization on this service sector. it's a large component. there is so much uncertainty from the supply chain side that it's difficult to

carl weinberg, with huge experience, says it is not 1973. that is all there is to it. i love what ben laidler said this morning. we are a deacon society -- we are a de-commoditized society. jonathan: i'm glad you are back in this morning. lisa: right now we are looking at a bit of stasis ahead of that big payrolls report we get tomorrow, and the drumbeat gets louder. at 8:30 am, we get u.s. initial jobless claims. very curious to see how much they continue to go down given some of the supply chain constraints you have seen. auto companies in particular have to suspend production and do temporary layoffs. then we get a discussion on inflation. the jobs market very much dovetails into concerns about how quickly prices are rising, how sustainable this is. 11:45 a.m., cleveland fed president loretta mester will be joining philip lane of the ecb, discussing consumer prices about the highest since 2008 around the world. a quote from datatrek yesterday showing that the pace of increases in wages would have to remain above 4% for years before you get that wage inflation spiral

announced he would be stepping down as of february and turning the wanes -- the reins over to john weinbergme him back to bloomberg. congratulations on friday ron, thank you for being here. how has evercore changed over that period of time? ralph: it has ch

he was a key adviser to casper weinberger, secretary of defense under reagan. >> was he shock and awe? >> no, shock and awe was rumsfeld. and rumsfeld, sorry secretary of defense rumsfeld and powell disagreed. they disagreed because powell believed in using overwhelming force and doing it sparingly. don't do it all of the time. powell is the one who pushed something called the powell doctrine which limited the number of times the united states should use multi force for diplomatic reasons. he thought one of the lessons of vietnam was you don't send boys into war unless the country is behind it and the mission is clear and if you send them in to war you send them in to win. so he tried to zis courage the use of military force. he restored honor. one of his jobs was to clean out the mess after iran contra. he was the national security adviser and given the responsibility to look at covert action and figure out if all of it was legal and anything that wasn't legal to get rid of it. he was devoted to service and brought to the mission a philosophy that i think most americans if they thoug

weinberg says, they shouldn't there's not one kryptonite to use to use an analogy. i think we need multiple tools and this pill will complement the vaccines if all goes well with application regulators could authorize the drug by the end of this year denise d'adore abc 7 news. it's the first day without california's pandemic eviction moratorium, which means that landlords can begin the process of evicting tenants who haven't paid their rent some local cities including san francisco extended that moratorium. there's still time for renters to get help to stay in their homes abc 7 news reporter melanie woodrow with the details. we have arrived at the moment that many have called the eviction cliff san francisco supervisor dean preston and tenant advocates gathered today to announce district 5 as an eviction free zone just because the landlord comes to you and says, i want you out. that doesn't mean you don't have rights with the statewide eviction morator. now expired state and local leaders are reminding renters of their rights under california law the san francisco a

a lot of times i hear from people that say you're always exaggerating the threat, caspar weinberger saidthe soviets were after us and really works but let me say general jones and i just infantry with tune commanders in vietnam and i was there in my area and my little marine for two.our mission was to interdict the ho chi minh trail and that was in the mountains and that is where the chinese brought supplies into the vietcong and the south vietnam and our mission was for the people who were doing that. i've actually had personal experience with fighting against chinese military. these were tough fighters, not people that were put over so those questions that some people have say they've never been in a real fight, the marinesthat fought the chinese , we should not underestimate the problem i have is there just the march on technology has always been our militaries tremendous advantage. they have gone ahead of us in some areas. there catching up inother areas . these technologies are not just the importance of the pentagon. their fundamental to our economy being competitive in the world i

joining me right now former chairman ceo of the ey global mark weinberger a board member johnson & johnsoning me you are live from milken conference we appreciate you being here, first, business you have been at conference speaking later today about role of the ceo. have you been able to speak with colleagues there to get a sense of business today, and the overall economic backdrop? >> yeah maria great if you were here to be with us so good to be back in person again with so many friends and colleagues, government officials here from both sides of the aisle, lots of different people, finance world, of course, business generally we are struggling through a host of issues world very different today sleth accelerating, being to navigate is you indicated from massive government policy shifts in united states energy shortages, in china, to supply chain issues that we learned a lot easier to close down economy quickly than to open up quickly dealing with that changing workforce, and how o to deal with generation x , and y, how the world is becoming more remote, a lot of topics we are covering ma