went to the wharton school of finance. i'm good at this stuff. it is common sense. it makes it really tough for us to compete for project and jobs and all the things they're taking out of our system. nobody would have thought they would have had encouraged to devalued the currency again. they have no respect for our country. none. i am a big believer in military. i do not want to use it. when you have it, you do not have to use it. when you don't have it, you have to use it. when you have it, you don't have to use it. we are cutting way back. many decades it has not been this weak. many decades we have not spent this little as a percentage. we are cutting way back great putin who is absolutely having a great time. russia is really hot stuff. now you have people in the ukraine, set up or not but it cannot all be set up, are marching in favor of joining russia. ist he has done for russia really amazing. he has done it by outsmarting our country at every single step. you look at syria. you look at iran. they are taking oil from a rack. we spent $2 trillion on iraq. tha

i heard back from wharton saying i wish you would not contacted him at wharton because i do not think classmates realize he is the david evans from the duke lacrosse case. they have gone on with their lives as they should. unless they got away with something. which we will never know. i also tell the story in this book of brian mcfadden, the guy who wrote in the e-mail. his life has been not ruined but almost ruined by the e-mail he sent that night that he thought was a joke. he thought he was sending it to his fellow players. he had to change his name. i wrote an excerpt about how his life has been changed forever because of what he did in the early morning hours of march 14. >> it seems like if i were the president of duke or any of these people, i would not talk to you. why would i want you to rehash all of this and remind everybody about what happened? >> nobody wants me to write about them. i assure you goldman sachs didn't want me to write about them either. but i am going to do it. i am thorough and i try to do a fair and balanced job. if in fact you are innocent and did not do

went to the wharton school of finance. i'm good at this stuff. it is common sense.t makes it really tough for us to compete for project and jobs and all the things they're taking out of our system. nobody would have thought they would have had encouraged to devalued the currency again. they have no respect for our country. none. i am a big believer in military. i do not want to use it. when you have it, you do not have to use it. when you don't have it, you have to use it. when you have it, you don't have to use it. we are cutting way back. many decades it has not been this weak. many decades we have not spent this little as a percentage. we are cutting way back great putin who is absolutely having a great time. russia is really hot stuff. now you have people in the ukraine, set up or not but it cannot all be set up, are marching in favor of joining russia. ist he has done for russia really amazing. he has done it by outsmarting our country at every single step. you look at syria. you look at iran. they are taking oil from a rack. we spent $2 trillion on iraq. that

susan of the wharton school. one more big real estate story. it has to do with the big money moving in and out of one particular zip code. hi, robert. >> 90210 is still the star zip code when it comes to real estate for the rich. bifrly hills -- beverly hills had 26 of those mega homes sold last year. that's up from 21 the year before. ranking second, was the zip code of l.a. following that was palm beach florida with 12. this house on mountain drive, let's see if we can see it there. it's a restored 1920s villa. yours for 24.9 million bucks. if you're looking for more affordable mega home, five-bedroom house, his and her walk-in close ets, yours for only 11 million buck. but you'll be on the same street where nancy sinatra once lived. >> ty, the world's biggest election is kicking off today. india is heading to the polls to vote for their next prime minister. that voting process is a long one, though. it will take place over the course of five weeks. results expected about may 16th. we're taking a look at what it means for investors. >> absolu

and kenneth schropner from the wharton school of business. we haven't talked a lot about the players. they're not robots. they don't exist in a world that is shorn of all context. they play at a time and place for certain people and against others. has it been a surprise to you to see lebron james one of the best known stars of the game come out fort forthrightly again owner and saying he has to leave the game. >> from bad things come good things. and the positive statements in terms of understanding the issue by lebron james, michael jordan, who is a rare speaker on these issues, and think about the players themselves, the actual protests delivered in the game. the idea that they took the time from their preparation to determine how they would act as an unit. it's a very important moment, and it's very clear that this is an impactful situation for them. and they've taken a lot of the right steps. >> in an he is say today online in a was scathing, but also quite funny, kareem abdul jabar noted of the players they're not playing for sterling.

and then mark pauly is a professor at the wharton school at the university of pennsylvania. mark is well known to aei audiences and has written many papers for us and looking forward to what he has to say. so with that let's start. >> good morning. this is a great time to sort of take a snapshot at what's going on with the health care law. i think i would agree though with some of the commentators i've read recently, some of whom are very strong supporters of the law that it's going to take much longer than the three months we been into this to really understand full implications of this. probably be a two or three-year process before you can really figure out whether it's change the interest landscape in a way that's positive or negative, at a cost structure of the country and positive or negative ways. we are very early into this to make judgments, but we work at a think tank and we do cover decided to go. we are going to do anyway. i read, apologize for the smalltalk, too much to cover in this. i weeded out to you, but i was very struck by a column written by our colleagu

adam grant is professor at the university of pennsylvania wharton school also the author of "give and take" looking at science of personalities and getting ahead. adam, thanks so much for being here. >> thanks for having me. >> you had a piece in last week's "new york times" that has a lot of people talking about how to raise a moral child. first of all, you're real scientist and real researcher who came up with these things but you did a lot of it by watching your own kids? >> i wanted to be one of the psychologists who didn't screw up my own kids. i have read the evidence. >> what's your ideas on how you should raise a moral child how you can help by the way you parent? >> a lot of mistakes parents make is praising good behavior. they think when your child share as toy or does something nice they reinforce the action saying that is something really to do. when you do that you fail to teach your kid notions of character. the evidence suggests not to say that's a nice thing to do but you're a nice person. >> you're a nice person for sharing not that was nice of you to share? >> exactl

jeremy siegel, professor of finance at wharton. gentlemen, thanks very much for joining us. austan, i'll start with you if i could and the jobs report specifically. the economy creating 192,000 jobs in the month of march. the unemployment rate unchanged at 6.7%. first off, were you surprised by the number, and secondly, what does it tell you? >> it was about almost exactly what i predicted which is to say it is an improvement over, let's say the previous three years and definitely an improvement over the last couple of months where we had the weather. but it is not that great. i think what it tells us is the economy's growing, but it is growing modestly and at that kind of rate of growth, the job market's only going to improve so-so and people are still going to be feeling like it's not a full recovery. >> well, jeremy, do you agree with that? i was a little surprised because we've had such a terrible winter, a lot of people thought that weather would affect that number. >> i'm actually more optimistic about that report than austan is. first of all, we had an hourly work num

adam grant is a professor at the university of pennsylvania wharton school, also the author of "give and take." it's just out in paperback. looking at the science of personalities and getting ahead. adam, thank you for being here. >> thanks for having me. >> you had a piece in last weekend's "new york times" that has a lot of people talking about how to raise a moral child. first of all, you're a real scientist and a researcher who came up with these things but you did a lot of it by watching your kids. >> i always wanted to be a psychologist who didn't screw up my kids. i've been trying to read the evidence and learn what works to teaching values. >> what's your idea on how to raise a moral child? >> one mistake that a lot of parents make is just praising good behavior. they think that when your child shares a toy or does something nice is reinforce the action and say that as was a good thing to do. but if you do that, you fail to teach notions of character. the evidence suggests that you need to say, not that was a nice thing to do but you're a nice person. then it becomes part of

. we been working on peer 74 more than 12 years now. we are absolutely delighted to recommend the wharton project move forward. for your approval. orton has been incredibly creative incredibly patient incredibly committed to this project. we think they have, it's going to be a very comp kidded difficult project to achieve. we believe orton has not only the experience but also the tenacity to see it through. they been very responsive to the community. i brought a letter that toby and i wrote. i did a few good a copy. i've got copies. if you don't. one thing that we want to be very sure of is that the public access, the public open space is open to the public. to the greatest extent possible. we don't want we want to be able to have people recognize that it is public space and be welcomed into that space on a regular basis. so they get used to the idea if you want to go down to the havoc of coffee is open to the public. not be unduly shut off by loading or 5 private events. it's extremely difficult with the historic buildings to have to get loading areas. apparently there is great differenc

then mark pauly is a professor at the wharton school of the university of pennsylvania. mark is well known to aei audiences and has written many papers for us, and we are looking forward to what he has to say. with that, let's start with jim. >> good morning. this is a great time to take a snapshot at what is going on with the health care law. i think i would agree with some of the commentators i've read recently, some of whom are strong supporters of the law, that it is going to take much longer than the three months we have been into this to really understand full implications of this. it is going to be a two- or three-year process to figure out whether it has changed the insurance landscape in a positive or negative way. we are early into this debate judgments. we work at a think tank and we do conferences, and we will do it anyway. i read -- i apologize for the small type. there is too much to cover in this. i will read it out to you. i was struck by a column that was written by a colleague at aei who wrote and summed up my thinking about this specifically. he said i

and kenneth shropshire is director of the wharton sports business institute at the university of pennsylvania. shropshire we welcome you both to the newshour. both of you have followed the business of sports for a longtime. how do you, what is your reaction to what donald steriling is alleged sterling is alleged to have said. michael mccann, you first? >> at a starting point, it's outrageous that someone would hold these views in 2014, really anytime but particularly these days, it's a matter the nba has to address seriously. i would not note it's not an easy process to reconcile. i say that because the nba has to approach this under the rules of the league in ensuring that it doesn't take any steps that prove to be record. the recording itself. the nba wants to be sure it's authentic and it hasn't been tampered with or spliced in anyway that is inaccurate. the league wants to approach it cautiously but issue an appropriate sanction to reflect what was said. >> woodruff: i want to ask you about that in a moment but ken, your reaction? >> it's not surprising. if you follow donald sterling's hi

when i was at wharton, a professor came to me and said, "you know, there's a river of wealth that runshis country. just a very small number of people know that it exists. some people can stand on a high hill and see it off in the distance, some people can get up to the edge, and there's other people that are swimming in it." that's the perception american people have about what's going on on wall street right now. they believe there's a small number of people who are swimming in this river of wealth. >> there are a lot of people out there who think that the stock market is rigged, rigged in the sense that there are people out there who have advantages: the insiders, the big companies. >> yup. and i think that we have to do a better job of, first, obviously making sure it's not the case. but we can't be evasive about it. we have to make changes that make sense, that give people more confidence in the market, add more transparency, and make people feel like, "this is a place i can trust my retirement savings to." >> since we first aired this story, the securities and exchange commission

africa had, you know, an educated man but he couldn't get a good job he tookt an accounting course at wharton and got a job at kpmg. >> one is paying his engineers $1,000 each to take the stanford course on coursera in machine learning so they can improve their skills in their job, so there is clearly, it clearly has a place in the employment market and a lot of people will upgrade their skills and then we have courses like the pen course in modern poetry that people say is the best educational experience they have ever had, just lifelong learners. >> rose:. >> it is terrific. >> rose: and how do you do that? >> just go online, coursera.org and 750 courses to choose from, 108 universities. >> rose:. >> i think he was a real pioneer, he did a fantastic job. >> showed think should be brimming with confidence, would talk to us about how they were just lucky to be in the right place at the right time, were they really deserving of their promotion? and it got us thinking there was something about confidence that we wanted to investigate and the book is really an analysis of what confidence is, whe

this is the wharton state penitentiary in virginia, now closed.this prison receive the white house's ornamental ventilation grills, the fire backs, three crates of door frames, 12 crates of window trim and 22 crates of hardwood paneled doors. prisoners had nice looking rooms in the president did. unfortunately, it gets worse. much of what was left over was simply buried. it was buried in the fort myer military base just across the potomac. you can visit these days but i don't recommend visiting with a shovel. the pr guy tells me don't try digging but everything is now under 30 feet of topsoil, but for the record, if you driving here in park and take a walk and you stand between child element center and the so-called field, you will be standing where much of the white house was buried. .. and while his private feeling about the job were mixed, in his diary he said that he himself could done it faster and for less money. just one of the things i love about harry truman years that is also a politician. so his a book persona was thea, renovation. he w

down at wharton business school a few weeks ago, and increasingly the answer is yes. these are young folks who do not have the memories of some of us. >> some have not even used blackberries. >> banks are hiring, markets are going. what is interesting is you are still seeing more gentlemen going to wall street than the ladies. is an age-old issue. we will be got to talk more. my guest host for this hour. coming up, we know how the teams made it to the final four, what about the stuff you need to put on a basketball championship. who delivers the goods for those guys. twitter was burning up for the debut of the new season of "game of thrones." we are just getting started on this monday morning. ♪ >> you are watching "in the loop," live on bloomberg television, streaming on your tablet, phone, and bloomberg.com. michaelg the release of lewis' "flash boys," high-frequency trading has come under scrutiny. the fbi has launched an investigation. mohamed el-erian is weighing in. >> i do sit occasionally at the is a ripoff oft the consumer. if you watch the stock and how bid,

looking in the financial industry or across wharton 500 companies, expense cutting is a massive priorities travel coming back for these hotels, which has traditionally been a cash cow. >> interesting. anyway, you are there for two more days. >> we are going to need to take that four seasons private jack -- private jet before we can report on it. >> fair enough. who are your big hitters were today? >> very big day. we have bob james, we have the head of private wealth management firm goldman sachs, and i will be sharing my theusive interview with one, the only, sean penn, talking about the opportunities for recovery in haiti. >> thank you are much, stephanie ruhle. procter and gamble is looking to shake up the shaving market today. they are calling it the dice and razor. i hear the dice and razor and i think about a vacuum cleaner going over someone's face. >> fair enough, to be fair they are calling -- we are calling it that, because it has a ball bearing with some kind of technology gliding over the face. could have a face vacuum. that could be your invention. we will give you credit for

jeremy siegel, from the wharton school of finance, a professor, graham fisher and company, bill gross. good to see you, especially on a week like this. bill, what's your sense of what's going on here, and is this going to be short-lived? >> you know, i'm not sure how much it will go on. but ultimately this rotation is healthy for the market. what you do is -- it's a shift from the high-momentum stocks, those that have outperformed the s&p over the last year, year and a half. people are riding them up. they were all ignoring the conservative dividend-paying stocks, because the mantra was, the fed's raising interests rates. why would you want to pay for any stocks based on yield. well, guess what? interest rates were over 3% at the end of last year and are now 2.6%. people are saying, hey, maybe i want to look at these dividend-paying stocks. and you have this huge rotation going in them. i think this is ultimately healthy for the market. i think this bull run is certainly not over with this rotation that we've seen over the last two weeks. >> why is this happening, when you've got a fe

jeremy siegel is the professor of finance at the wharton school at the university of pennsylvania.r in all things stock market. i'm going to start with something that seems obvious to all of us. if you look historically what caused tough times, bear markets, there don't seem to be any conditions right now that would cause recession or bear market. i still worry because we never know before it happens what it is going to be. do you agree with bill miller on that, jeremy? >> you're right. we don't know what we don't know. people ask what are the unforeseen risks. all rotations are certainly painful. i think this one is healthy. . dividend stocks have been under performing over a year. the fed is raising rates. the fed is raising rates. we saw the rates going up. stay away from the low dividend paying stocks. now, you know, we see the 10-year down to 2.60 from over three at year end. people are saying kwrorz a lot of interest rate hikes. certainly we do think in 2015 the fed will start raising the rates. but i myself have downgraded what i think the 10-year treasury will be. maybe not

and then mark pauly is the a professor at the wharton school at the university of pennsylvania. mark is well known to aei audiences and has written many papers for us, and we're looking forward to what he has to say. with that, let's start with jim. >> well, good morning. this is a great time to sort of take a snapshot at what's going on with the health care law. i think i would agree, though, with some of the commentators identify read recently, some of whom are very strong supporters of the law that it's going to take much longer than the three months we've been into this to really understand full implications of this. it's probably going to be a two or three-year process before you can really figure out whether it's changed the insurance landscape in a way that's positive or negative and the cost structure of the country in a positive or negative way. .. or is it a story of survival? i do think it is much more a story of survival than it is a success story so far. so the thought process is let's look back, think about if you were talking about the prospects of health care law

i remember i had -- senator ted kaufm kaufman, a great senator, wharton business school grad and understood markets. he told me, jim, stop wasting your time. stop. not going to change. now, i'm not michael lewis but -- >> no. >> i mean, michael lewis, does the s.e.c. say michael lewis, one. s.e.c., nothing. i mean, is that the way it works? >> it may. >>> when we come back, we'll get cramer's "mad dash" as we count down to the opening bell. take one more look at futures. chris evans, captain america, will ring the bell and we'll get when "squawk on the street" from the nyse continues. ♪ go on take the money and run ♪ save you fifteen percent or more on car insurance.d everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have...oh boy. geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪ everybody talk now ♪ >>> all right. the clock tells me we have a little more than seven minutes to go before we get an opening bell here on this tuesday and tha

feel a sense of calmness and enjoyed its sight there are many stories connected to these ancient wharton's stories of aliens supernatural powers centuries old kris's and dragons have all been with bit about the place this seems to be new and to the bizarre stories linked to this freshwater lake in some other in siberia for the border yeah it's not about that bad about the respect to be give to the lake for its powers but oh well i know even the bizarre stories carries some truth in them as anything is possible out in it's dug deep waters tell them what they are lake baikal in siberia. so that we're suitably centered hopefully to fully appreciate every martin she said after the break taking more aim at the mainstream and breaking the set this is art international and kevin know it if you see you tomorrow night let's hear the next four news update. exactly sixty years ago according to the guardian the soviet union actually tried to join nato to create an allied air of peace and a post world war two world and what answer did they get nato said the offer was unrealistic and not worth discussin

feel a sense of calmness and enjoyed its sight there are many stories connected to these ancient wharton's stories of illions supernatural powers centuries old curses and dragons have all been with bit about the place this seems to be new and to the bizarre stories linked to this freshwater lake in some other in siberia for the boreal it's not about that bad about the respect to be give to the lake for its powers that are well known even the bizarre stories carry some truth in them as anything is possible out in its dug deep waters tell them what they are lake baikal in siberia watching. the foot deep breath of fresh air we can offer yet more the latest edition of breaking the sets on air next to an hour to international special program for you to watch in the u.k. george galloway's here got some fresh perspectives for you too in sputnik programs ahead. if your mon in the religion my relive and the you are the kind of which are you have for sure. you have to suffer. people think we do not to die being hunting and. we are being isolated because i was going to. well come to lunch on siberian