david: are you worried about this? sen. manchin: i'm the chairman right now of a committee i enjoy very much. i have been chairman before which is the minority part. lisa murkowski was one of my -- but it is much better off when you can control the agenda. you can't do anything about it. i have always said that the best politics is good government. today, that is not what we are practicing. the republicans are missing a golden opportunity not to jump on the infrastructure bill. and be overwhelmingly bipartisan. i've seen people take credit of good legislation that voted against it. david: i can't believe that happens in washington. [laughter] ♪ david: i noticed you have shoes that are little different. sen. manchin: these are my lobbying shoes. david: i got to be quick. the lobbyist come, you run away. sen. manchin: can i say one thing to this crowd? you are the movers and shakers. we are not going to be able to fix congress from within. i have come to that conclusion. you can fix it. you all sitting here can fix it. the

david. david: very quickly, the bill hasn't been written yet, has it, not all the details, yet they're thinking voting on it before it is finished, how does that work? >> not final language. they would have to get final language. they have many sections approved here. they have to whittle down sections they will thrown out and final text. that is why we're looking at thursday or friday, david. david: chad pergram, thank you very much. treasury secretary janet yellen insisting she does not see signs of an overheating economy, ahead of a big two-day meeting for the fed and the october jobs report on friday. let's bring in capitalist pig hedge fund manager jonathan hoenig. i never like that term, overheating economy, jonathan, because you can have a overheating economy and see inflation come down which is what happened in the 1980s when we cut taxes and had that economic revival. so an overheating economy is not the problem. it is inflation that is the problem, right? >> right. david, she didn'

reporter: hi, david. the pentagon is weighing whether to send more weapons to ukraine as all eyes are on vladmir putin's next move. 100,000 russian troops remain in formation on the border with ukraine. preparations for a very strong u.s. response i'm told is underway. >> not sure exactly what mr. putin is up to but these movements certainly have our attention. reporter: general mark milley, the chairman of the joint chiefs spoke to his russian counterpart today and to his ukrainian counterpart in recent days, the second time in a week. the americans share intelligence with european allies show buildup of russian troops to prepare for a rapid large push into ukraine from multiple locations. tony blank ken announced sanctions that could target the nord stream pipeline. >> [inaudible]. people are reluctant to do that, i think if there were a major russian invasion of ukraine involving full russian military, that should be an option we consider. reporter: putin leveraged halted gas supplies to western europe

david: let's talk about this. you are an angel investor, you are doing really well with people coming to you with deals. while you might miss one or two, basically you are doing quite well. why did you join a firm called greylock, a venture capital firm, and why did you need to join a venture-capital firm when you already your own venture capitalist? why would you join greylock? reid: not surprising, i think in networks as platforms. one of the things i think a small number of very elite venture-capital firms within silicon valley and other places do is create a network. and i was originally thinking of building my own and then david and others who were general partners at greylock came and said, we are in the process of moving the firm from boston to silicon valley, where it is a rebirth of the firm, which has a great set of investors and pedigree and culture and learnings and all these things that will be very helpful. but also this idea of network amplifier for venture capital. we love it, we would love to do i

david: two final questions. one, i would like to know, what is the pleasure of being the head of the central bank? you obviously have to work seven days a week. you did that for many years in your career. at the imf as well. what is the pleasure you get out of heading the european central bank? ms. lagarde: it is the same kind of pleasure i take in leading other organizations, is making sure that people around me are doing the best they can for the organization, or delivering on their mission, and that we form a team heading in the same direction. so, that, to me, means an awful lot. david: my final question is this. you, in your youth, were a synchronized swimmer, where you have to work closely with teammates and get everything together quite nicely. is it the case that when you do are doing the central banking role, you have to have the same skill set? you have all these central bankers of each country that you have to get to work together. do you think your synchronized swimming skills come to help you as the

david has both. when i think about the legislature, there are legislators and then there's david chiu. it is another level. he's always performed at that other level and earned the respect of those who he serves with and that's no different here. so i'm -- i have seen him take on the big fights, you know, the scary fights and for him, they're not scary. it's what he wants, it's what he looks for. he looked to always balance the scales of justice, to take on the most powerful. whether it be the lead paint industry, poisoning our kids. or gun manufacturers allowing our families to die. he was always there. and he was a fierce force for good when it came to his leadership for housing, something he knew all too well, an urgent need that needed change here in california, here in san francisco, and led the fight for the strongest tenant protection law in the state of california's history and in all of the nation. that was david chiu. (applause) and that defines who he is. i talked to him after he got -- i

david: this is my kitchen table and my filing system. over much of the past three decades, i have been an investor. the highest calling of mankind i often got his private equity, and then i started interviewing. i have learned in doing my interviews how leaders make it to the top. >> i asked him how much he wanted, he said i said fine. 250. i did not negotiate. i did no due diligence. david: and how they stay there. the current chairman of the fcc is gary gensler. he is a former partner at goldman sachs, former professor at m.i.t., and a well recognized expert in financial markets. i had a chance to sit down with him recently to talk about some of the issues facing them, and how to deal with new technologies affecting our markets. your main principal at the sec is fairness and disclosure and equity. everyone is treated the same. everything is fair. every thing is disclosed, and do not rate the relative merits of investments. that is the principal, right? gary: we talk about a three-part mission. investor protection. which embodies much o

david: two final questions. one, i would like to know, what is the pleasure of being the head of the central bank? you obviously have to work seven days a week. you did that for many years in your career. at the imf as well. what is the pleasure you get out of heading the european central bank? ms. lagarde: it is the same kind of pleasure i take in leading other organizations, is making sure that people around me are doing the best they can for the organization, or delivering on their mission, and that we form a team heading in the same direction. so, that, to me, means an awful lot. david: my final question is this. you, in your youth, were a synchronized swimmer, where you have to work closely with teammates and get everything working together quite nicely. is it the case that, when you do are doing the central banking role, you have to have the same kind of skill set? you have all these central bankers of each country that you have to get to work together. do you think your synchronized swimming skills come t

david says -- david: the lobbyists come, you run away. sen. manchin: can i say one thing to this crowd? you are the movers and shakers. we are not going to be able to fix congress from within. i have come to that conclusion. you can fix it. you all sitting here can fix it. the smart business people you are, the investors you are, you've made a horrible investment in all of us who don't give you a return of good politics. demand more. ask a person, i see you are voting 99% one way. i never see you talking to anybody else. why have you become more partisan? this is not who we are. david: when people come to lobby you, what is the most effective way to convince you? is it telling you this is going to affect west virginia a certain way or does it appeal to your natural instincts? how do people lobby you effectively? sen. manchin: other than putting a gun to your head -- david: who has done that? sen. manchin: no, people come in and i tell people when you come in, do this. tell me what you are lobbying for and why and give me the facts. put your ha

david: are you worried about this? sen. manchin: i'm the chairman right now of a committee which i enjoy very much. i have been ranking before which is the minority part. lisa murkowski was one of my partners and we worked really well together. but it is much better off when you can control the agenda. you can't do anything about it. i have always said that the best politics is good government. today, that is not what we are practicing. the republicans are missing a golden opportunity not to jump on the infrastructure bill. and be overwhelmingly bipartisan. i've seen people take credit of good legislation that voted against it. david: i can't believe that happens in washington. [laughter] ♪ david: i noticed you have shoes that are little different. sen. manchin: these are my lobbying shoes. i got to be quick. david: the lobbyists come, you run away. sen. manchin: can i say one thing to this crowd? you are the movers and shakers. we are not going to be able to fix congress from within. i have come to that conclusion. you c

♪ david: this is my kitchen table and also my filing system. over much of the past three decades, i've been an investor. the highest calling of mankind, i've often thought, was private equity. [laughter] and then i started interviewing. i watched your interviews, so i know how to do some interviewing. [laughter] i've learned from doing my interviews how leaders make it to the top. >> i asked him how much he wanted. he said $250,000. i said fine. i did not negotiate with him and i did no due diligence. david: i have something i would like to sell. [laughter] and how they stay there. you don't feel inadequate now being only the second wealthiest man in the world, is that right? [laughter] one of the most powerful people in washington today is senator joe manchin who is the democratic senator from republican leading state, west virginia. he holds the key to how legislation will get through the senate. at a chance to talk to him at the economic club of washington about his views on a variety of issues. thank you for coming. anything new lately? ? n

david: are you worried? sen. manchin: you are worried if i'm the chairman of a committee i enjoy very much. i have ranked before on the minority part, which miss markowski was a great partner and we worked back and forth, but you are much better off with control of the agenda versus following. you can't do anything about it. i have always said the best politics is good government and today, that is what we are practicing. today, right now, the republicans are missing an opportunity not to jump on the infrastructure bill and be overwhelmingly bipartisan. i have seen people take credit for legislation that voted against it. david: i can't believe that happens in washington. ♪ ♪ david: is this making you more popular in west virginia or less popular? sen. manchin: it depends what county you go to? david: you go back -- sen. manchin: i go back all the time. i love my state. i am bored and raised in farmington and i saw people that worked all the time and shared what they had and took care of each other and those

david: opine intended. is it going to be taken private, being listed here in hong kong i would imagine would be one of the options. >> i think beijing will lead it to the didi executives to figure out what is next, what are the options, or perhaps they might float shares in hong kong first to make it perhaps easier then to withdraw from new york. david: our top story, didi being asked to get dealerships in the u.s.. the the new covid variant first detected in africa sending a wave of caution across global markets. is the fear more intense? let's bring in our managing editor, thanks for joining us. what seemingly was supposed to be a quiet day, how are you guys approaching the conversation? >> it completely ruined my friday, markets were starting to move on this. it is post-thanksgiving friday, this new variant, a bunch of emails and news stories, it feels like it was only 12 hours ago most of us had not heard of this. it's more the shock element, it's not that we have any substantial or concrete reason to k

david: who is smarter? gary: rob is. david: you went to pikesville high school, a very well-known high school. i assume you are near the top of your class. he went to the university of pennsylvania for undergrad. gary: we both went to warden. he got in a little earlier than i. i was accepted. we were both mass kids. i was accepted to m.i.t.. my twin brother had gone toward our. i decided to go the same place. it worked out for me. i ended up at m.i.t. many years later. david: you graduated and then he went right to goldman sachs? gary: i joined a group called the merger and acquisition area. a group. it was throughout the 1980's. david: you become one of the earliest partners? gary: i was honored to make it into the partnership while i was in the merger and acquisition area. david: you are making a great deal of money. why did you leave goldman sachs? gary: i spent 18 years there. i did a number of things. helped run part of the back office. it was really just a remarkable experience and opportunity. i felt some connecti

david? david: edward, thank you very much. in addition to worries at the gas pump there are also winter heating bill worries. senators concerned about rising prices as the energy information administration predicts u.s. home heating costs will be up from a year ago. fox news congressional correspondent aishah hasnie has the details from d.c. hi, aash shah. reporter: david, millions of americans may have to turn their heat down this winter to lower their bills. last month the energy information predicted home heating bills will be up 43%. natural gas up 33%, electricity up 6% from just a year ago. it is only going to get worse if it is colder than last year two. democrats, republicans alike are deeply worried about this. in fact senator susan collins and jack reed sent over a bipartisan letter urging him to release funding from the weatherization assistance program to help families with home heating bills as republicans blast the administration for not taking swift action. >> this thanks giving in colder areas they will endure

david shannon, just 40, was dead. all it took was a look, in fact, for lead detective mike murphy to see what happened in david's bedroom was highly intentional. >> it was an execution. the intruder came in while he was sleeping, placed a gun to his head, and shot him in the chest. >> and joan? the shock of it didn't help, of course, nor the fact that she was sound asleep when it happened. by the time she calmed down enough to talk to police, she wasn't very helpful. >> i did not clearly see the person who shot david. i'm not sure if i saw or just had a feeling of somebody just leaving the room. but -- i thought it was a shadow. >> did you actually see a shadow or did you tell the police you thought it was a shadow? >> it was a movement, like a shadow that left. >> she was worried about the safety of the children. she returned back to her bedroom. that's where she made the 911 call. >> the children. joan and david's eldest daughter daisy was out of town. but their two young boys, just 7 and 10, slept through it all, u

david: let's talk about that particular change. you have said that the markets are supposed to be equitable and fair. so many of them are controlled by a limited number of market makers who may not give everyone the various price -- fairest pr ice? is that a big concern or immodest concern? gary: it is important for an agency like ours to constantly bring up to date our rules set. it is a central concern. we hear from advocates all across the market and all across the political spectrum. that helps our commission hear from the public. it is somebody who is buying their first 50 shares of stock in a company. my call lists are made public on a monthly basis some ceos get in touch. they want to say something. they don't have to necessarily agree. david: what would you like most people who are not knowledgeable about the sec to know about the sec? gary: markets work best when we have rules of the road. that they are free of fraud and manipulation. we are both baltimore boys. we remember our senator from maryland for over 30 years. he c

david: are you worried about this? sen. manchin: i am worried if i am the chairman right now of a committee which i enjoy very much. i have been ranking before which is the minority part. lisa murkowski was one of my partners and we worked back and forth. but it is much better off when you can control the agenda. you can't do anything about it. i have always said that the best politics is good government. today, that is not what we are practicing. the republicans are missing a golden opportunity not to jump on the infrastructure bill. and be overwhelmingly bipartisan. i've seen people take credit of good legislation that voted against it. david: i can't believe that happens in washington. [laughter] ♪ david: i noticed you have shoes that are little different. sen. manchin: these are my lobbying shoes. i got to be quick. david: the lobbyists come, you run away. sen. manchin: can i say one thing to this crowd? you are the movers and shakers. we are not going to be able to fix congress from within. i have come to that conclu

david asman for neil. david: save those pieces of pie for me. i'm david asman in for neil cavuto on cavuto "coast to coast". president plans to keep jay powell as head of the fed. meanwhile some other stories watching for you, democrats headed home for the holidays, headed for an earful over constituents over the massive spending plan. michael goodwin is coming up. a crime wave on top of a crime wave in california. high-end retailers getting attacked by slash mobs. retailers a lot of them are heading for the exits. first while house democrats take a victory lap over the passage of the build back better plan their constituents are dealing with rising costs ahead of the holidays. fox news congressional correspondent aishah hasnie is in washington, d.c. with the very latest on all of this. ashiah. reporter: hey there, david. well the numbers don't lie. the american farm bureau federation reports that this year's thanksgiving feast will cost you average 14% more than last year. that is about $53.31 to feed about 10 people. take a look at this, the p

david: and how they stay there. you do not feel inadequate now that you are only the second wealthiest, man in the world right? when angela merkel was looking for someone new to head the european central bank, she found christine lagarde. as head of the bank, chris taylor guard has had immense impact -- christine lagarde has had a tremendous impact. i had a conversation with her about how europe is recovering from the pandemic and the global slowdown in the economy. as we look at the post-covid environment, what would you say is the situation in europe? is europe recovering rapidly? or not as rapidly as you thought from the covid pandemic? christine: europe is recovering more rapidly than we had anticipated. we have as a result of that significantly upgraded our projections. our projections for this year is plus 5%. it is a significant upgrade. plus 4.6% next year! pre-covid type of growth. this year is going faster than we thought to the point where we will have recovered to pre-covid-19 levels before the end of th

david: this is my kitchen table and also my filing system. over much of the past three decades, i have been an investor. the highest calling of mankind, i often thought, is private equity, and then i started interviewing. i have learned in doing my interviews how leaders make it to the top. >> i asked him how much he wanted, he said 250. i said fine. i did not negotiate. i did no due diligence. david: i have something i would like to sell. and how they stay there. you do not feel inadequate being only the second wealthiest men in the world, is that right? the current chairman of the fcc is gary gensler. he is a former partner at goldman sachs, former professor at m.i.t., and a well recognized expert on the financial markets. i had a chance to sit down with him recently to talk about some of the issues facing them, and how to regulate cryptocurrency and how to deal with the new technologies affecting our markets. your main principal at the sec is fairness and disclosure and equity. everybody is treated the same. everything is fair. everything

david: absolutely. it's tragic, but things are changing, thank goodness. >>> all right, when we come back, the durham probe gains steam as a key source of the democrat-funded dossier is arrested and a clinton insider is spotlighted. kim strassel has the latest on this newest development coming next. [engine humming] [clapping] “we will rock you” by queen ♪ the new gmc sierra with hands-free driving offers the most advanced and luxurious pick-up in its class. ♪ yeah, it rocks. sharing smiles together is a gift. ♪ at aspen dental, it's easy to gift yourself the smile you deserve. new patients, get started with a comprehensive exam and full set of x-rays with no obligation. and if you don't have insurance, it's free. plus, get 20% off your treatment plan. enjoy flexible payment options and savings when it matters most. we're here to make your smile shine bright so you can start the new year feelin' alright. call 1-800-aspendental 7 days a week or book today at aspendental.com muck. ♪ david: a r

that of - this can we take, david? that of course is horribly _ this can we take, david? that of course is horribly true. - this can we take, david? that of course is horribly true. one - this can we take, david? that of i course is horribly true. one would also say that hospitals have been targeted in several tax well beyond the uk in the recent past and in the not so recent past. so this is something that has got to be looked up something that has got to be looked up very seriously by the security forces. but you are absolutely right, how do we burden hospitals with something else at this wretched time? i with something else at this wretched time? , , , ., , with something else at this wretched time? , , time? i suppose the point about this is that mercifully, _ time? i suppose the point about this is that mercifully, thank _ time? i suppose the point about this is that mercifully, thank god - time? i suppose the point about this is that mercifully, thank god it - is that mercifully, thank god it didn't actually end up getting to a point where this device was going off

david: do you wear a crash helmet when you are in those cars? reid: i don't. david: ok. what about flying taxis, is that something in our future? reid: it is. as you know, i helped bring joby public by spac, and it has moved the transport grid from 2d to 3d, redefined cities, make commutes much less onerous, being reliable to getting to the airport on time or being able to live remote and come into the cities. the jetsons is no longer science fiction, but we are en route to science fact. david: what about space? do you invest in space related investments? reid: not as intensely as some of my friends like elon. obviously, i put some money into spacex. that is more because of elon and his amazing transformation of the world. but it is obviously an important area. i have ended up in it sometimes just by who i know. ♪ ♪ david: so, let's talk about how you became an investor and entrepreneur. you were going to be an academic, and then on a road to damascus kind of epiphany, you said, i am not going to be an academic, i will be something more important, an investor. is tha

david: i have something that i would like to sell you. [laughter] david: and how they stay there. you don't feel inadequate now that you're the second wealthiest man in the world, right? [laughter] when angela merkel was looking for someone new to head the european central bank, she successfully recruited christine lagarde, who was then the head of the european monetary fund. she has had enormous impact as the head of the european central bank, and enormous impact on the way the european and global economy moves forward. i had a conversation with her about how europe is recovering from the pandemic, and also from the global slowdown in the economy. so as we now look at the post-covid environment, what would you say is the situation in europe? is europe recovering more rapidly or not quite as rapidly as you thought from the covid pandemic? fmr. min. lagarde: europe is recovering more rapidly than we had anticipated and we have a result of significantly upgraded projection. our projection for this year is plus 5%. that is significant, plus 4.6% next year. this year is certainly goin

david: so do you invest in its cryptocurrencies yourself? reid: i do. david: ok. what about transportation? are you a big believer in autonomous vehicles? reid: i am. i invested in aurora and nuro. because, in fact, it is literally a question of when, not if, and how soon for it we have autonomous vehicles. it will make all of our societies better. it will save thousands of lives. it will enable a huge amount of increase in productivity. so i think it is a great thing that we should be accelerating to as societies. david: have you been in one of the cars where you are not the driver and you feel safe? reid: i do. and i do. part of the thing that all of them, not just aurora, but all of them have, is safety, safety, safety is the very first thing. so when i have been in these cars, whether there is nobody in the driver's seat, it has been good and fine. david: do you wear a crash helmet when you are in those cars? reid: [laughs] no. david: ok. what about flying taxis, is that in our future? reid: there is. as you know, i also helped bring joby public via spac, and

is up, david asman -- david: hey there. good morning to you, i'm david asman in for stuart varney. futures taking a nose dive after news of a pennsylvania-spreading -- fast-spreading covid variant in south africa. britain has suspended flights to six african countries amid the news. world health organization has called a special meeting to discuss new variant. oil is dropping well below $80 on on the news. and another safe haven, gold, rising above $1800 an ounce once again. in just a moment, former president donald trump will join me live. i'm going to be the asking him about new worries over the virus, the variant, and i'm also going to ask him about inflation, rising energy prices, 2024 and much, much more. and crime, clearly, out of control all over the nation. more looting at high-end stores many california. security guards pepper sprayed as brazen thieves smash and grab pricey items. we have the very latest on that. it's a big show, folks. we've got charlie hurt, congresswoman cath cammack and harmeet dhillon all here. plus, president trump just moments away. it's the friday,

david: two final questions. one, i would like to know, what is the pleasure of being the head of the central bank? you obviously have to work seven days a week. he did that for many years in your career. what is the pleasure you get out of heading the european central bank? ms. lagarde: it is the same kind of pleasure i take in leading other organizations, making sure that other people around me are doing the best they can for the organization, delivering on their mission, and that we form a team heading in the same direction. that, to me, means an awful lot. david: my final question, you wean your youth were a synchronized swimmer, where you have to work closely with teammates and have to get everything together quite nicely. is it the case that when you do the central banking role, you have to have the same skill set? you have all these central bankers of each country that you have to get to work together. do you think your synchronized swimming skills come together to help you as the head of the european cent

david? , ., , ,, david? sorry, i actually missed your auestion david? sorry, i actually missed your question to — david? sorry, i actually missed your question to me _ david? sorry, i actually missed your question to me there. _ david? sorry, i actually missed your question to me there. but _ david? sorry, i actually missed your question to me there. but the - david? sorry, i actually missed your question to me there. but the thing | question to me there. but the thing that strikes me about this as well is the, what was found in the property where the now dead alleged bomber was looming, and there were items of interest, as the police always subtly put it, on that property. always subtly put it, on that preperty-— always subtly put it, on that ro -e . ., ., , property. one of the other big stories which _ property. one of the other big stories which i _ property. one of the other big stories which i want _ property. one of the other big stories which i want to - property. one of the other big stories which i want to turn i property. one of the other

david: and how they stay there. you do not feel inadequate being only the second wealthiest men in the world, is that right? the current chairman of the fcc is gary gensler. he is a former partner at goldman sachs, former professor at m.i.t., and a well recognized expert on the financial markets. i had a chance to sit down with him recently to talk about some of the issues facing them, and how to deal with new new technologies affecting our markets. your main principal at the sec is fairness and disclosure and equity. everybody is treated the same. everything is fair. everything is disclosed, and do not rate the relative merits of investments. that is the principal, right? gary: we talk about is as a three-part mission. investor protection, which embodies much of what you just said. facilitating capital formation. companies that are raising money. entrepreneurs, but also those of us who are homeowners who take out a mortgage, we are issuers as well. we are raising money. and that which is in the middle, fair, orderl

david: this is my kitchen table and also my filing system. over much of the past three decades, i have been an investor. the highest calling of mankind, i often thought, is private equity, and then i started interviewing. i have learned in doing my interviews how leaders make it to the top. >> i asked him how much he wanted, he said 250. i said fine. i did not negotiate. i did no due diligence. david: i have something i would like to sell. and how they stay there. you do not feel inadequate being only the second wealthiest men in the world, is that right? the current chairman of the fcc is gary gensler. he is a former partner at goldman sachs, former professor at m.i.t., and a well recognized expert on the financial markets. i had a chance to sit down with him recently to talk about some of the issues facing them, and how to deal with new new -- how to regulate cryptocurrency and how to deal with the new technologies affecting our markets. your main principal at the sec is fairness and disclosure and equity. everybody is treated the same. eve

the prime minister remembering sir david i minister remembering sir david amess. the number of children in care in england could climb from 80,000 to reach almost 100,000 by 2025, according to new analysis commissioned by county councils and shared with the bbc. of those in care, around 12,000 are in children's homes, and that number is rising. local authorities say this is due to a shortage of foster carers and cuts to family support. the government says it's providing "new grant funding" to help maintain children's social care. our political correspondent chris mason has this report. i realised when i left my mum how little support i have compared to other kids. i was just a bit scared. olivia is 2a and lives in oxford. she was 16 when her life changed in a way she'll never forget. this emergency happened and i had to go into emergency foster care. it was so terrifying for me, i remember at that time. i didn't know where i'll end up. and it was terrifying. and there's a shortage of foster carers. it means the demand for and cost of places in children's homes is

david: the c.b.o. said it wasn't paid for and it will be deficit spending even at 1.7 trillion and they said is closer to five or 6 trillion. >> if it's honest it's five or 6 trillion. david: thank you very much we are catering next to the question of whether or not companies are catering to communist china. global leaders are bending to china while staying silent on the suppression from china. will have the latest on that next ♪ ♪ metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause l

david: let's talk about this. you're an ngel investor, you are -- angel investor, you are doing really well with people coming to you with deals. while you might miss one or two, basically you are doing quite well. why did you join a firm called greylock, a venture capital firm, and why did you need to join a venture-capital firm when you already your own venture capitalist? reid: not surprising, i think in networks as platforms. one of the things i think a small number of very elite venture-capital firms within silicon valley and other places do is create a network. i was originally thinking of building my own. and then david and others who were general partners at greylock came and said, we are in the process of moving the firm from boston to silicon valley, where it is a rebirth of the firm, which has a great set of investors and pedigree and culture and learnings and all these things that will be very helpful. but also this idea of network amplifier for venture capital. we love it, we would love to do it with

david: a little bit higher. we pushed our inflation forecast up from 2.0% to 2.3% over the next 10 to 15 years. i want to emphasize that this does mean we think most of this is transitory. it is an inflation sky right now. we have supply chain disruptions. we have monetary policy pumping through the system. a lot of things that have kept inflation low over the years, the increased global trade, increased inequality, we think those will stay in place. we are looking for a small agree to long-term inflation expectations even though we are seeing a big upgrade in the current numbers. alix: david, good to see you. let's get to that 60/40 portfolio. you guys see high volatility, but a return of 4.3%. you say you could see it get to seven if you can allocate correctly. can you walk me through your allocation? david: the key is to recognize that the things that people are overweight in are the areas that we expect to see slow growth. u.s. equities only by 4.3% -- 4.1% over the next 10 to 15 year period. corporate bonds

david: do you wear a crash helmet when you are if those cars? reid: i don't. david: ok. what about flying taxis, is that in our future? reid: it is. i helped bring joby public and it has moved the transport grid from 2d to 3d, redefined cities, make commutes much less arduous, dutch orders -- onerous, being able to live remote and coming to the cities. the jetsons is no longer science-fiction commode we are en route to science fact. david: what about space? do you invest in space related investments? reid: not as intensely as some of my friends like elon. i put some money into spacex. that is more because of elon and his amazing transformation of the world. but it is officially an important area. i ended up in it sometimes just by who i know. ♪ david: let's talk about how he -- you became an investor and entrepreneur. you were going to be an academic, and then on the road to damascus kind of epiphany, you said, i am not going to be an academic, i will be something more important, an investor. is that right? reid: it did not start with investor. it started with product

david perry. it disbelief, at what has happened. -- david perry-— david perry. it is shocking how a man can go _ david perry. it is shocking how a man can go out to _ david perry. it is shocking how a man can go out to do _ david perry. it is shocking how a man can go out to do his - david perry. it is shocking how a man can go out to do his normal day's _ man can go out to do his normal day's work— man can go out to do his normal day's work and potentially lose his life. day's work and potentially lose his iife~ he _ day's work and potentially lose his life. he sustained a lot of injuries, _ life. he sustained a lot of injuries, i believe, burst eardrums, back fracture, that isjust injuries, i believe, burst eardrums, back fracture, that is just a word going _ back fracture, that is just a word going between different drivers, so, mostly. _ going between different drivers, so, mostly. it _ going between different drivers, so, mostly. it is — going between different drivers, so, mostly, it is going to be a shock for him — mostly, it is going to be a shock

we speak to the archaeologist david wengrow about his new book with david graeber the pioneering anthropologist who died last year, just weeks after finishing the epic work. they examine how indigenous cultures contribute greatly to what we have come to understand a so-called western ideas of democracy and equality, but these contributions have been erased from history. >> constantly people saying, well, this idea [indiscernible] amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the white house had wednesday it will expand u.s. vaccine manufacturing to produce an additional one billion doses a year. critics call the plan a good first step is that much more needs to be done to end the current pandemic and to stop future outbreaks. oxfam america said in a statement, "manufacturing should be spread around the world especially africa, not limited to the u.s." fewer than 5% of people in low-income countries have received a single dose of a vaccine. white house coronavirus response coordinator said wednesday about 10% of u.s. ch

david: exactly. some variation on that theme that rich bernstein was highlighting the other day in his latest research note is looking at what he called earthbound logistics companies on the one hand, and star trek like ventures into space on the other. there's been so much excitement around companies like virgin galactic or whoever. and on the other hand, if you look at these airfreight companies, think fedex, ups, they are moving a lot of stuff. as a result, they are actually doing better over the year or so than the s&p 500, whereas you look at what is going on with these space stocks, they haven't been able to keep up with the index. tom: is amazon an airfreight company? david: it is to the extent that it is handling its own business. that is a piece of amazon÷bq: this point. how much they are doing for other companies, and can you really buy their service independently, that becomes the issue. no doubt they are a competitor to fedex and ups come but a lot of that is their own business, just bei

we speak to the archaeologist david wengrow about his new book with david graeber, the pioneering anthropologist who died last year, just weeks after finishing the epic work. they examine how indigenous cultures contribute greatly to what we have come to understand a so-called western ideas of democracy and equality, but these contributions have been erased from history. >> constantly people saying, well, this idea [indiscernible] amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the white house had wednesday it will expand u.s. vaccine manufacturing to produce an additional one billion doses a year. critics call the plan a good first step is that much more needs to be done to end the current pandemic and to stop future outbreaks. oxfam america said in a statement, "manufacturing should be spread around the world, especially africa, not limited to the u.s." fewer than 5% of people in low-income countries have received a single dose of a vaccine. white house coronavirus response coordinator said wednesday about 10% of u.s. c