david: well, it's perfect. yo-yo: some people say yes. david: you have an older sister. and she was playing the violin, as i understand it. and so your father said, he was a music teacher, why don't you play the violin as well? so why did you not become a violinist? yo-yo: well, first of all, my sister played much better than i did. and there is actually something i think in each person that is innate in terms of the kinds of sounds you like. you know, um, so for example, i somehow didn't think i could make a good sound on the violin, and, but, so i did not play any other instrument for a while until, i did not even here the sound of a double bass, but i saw one and i thought as a four-year-old, that is a big, big giant instrument. i want to play it. as four-year-olds might do. david: ok, and your father -- yo-yo: so i started saying, please give me a double bass. i want to play it. there was no double bass i could play. the cello was the next best instrument. david: so you started playing, and did you notice other children your age were out playing while you were practi

david: i am. ♪ yo-yo: that's it. david: wow. yo-yo: you did it. david: great. ok. i'm ready. thank you very much. yo-yo: bravo. david: thank you very much. that was great. ♪ ♪ nejra: mifid begins. the new regulations started out without major glitches, but what bumps could come down the road. we'll be putting that question to steven maijoor, the chairman of the european securities and markets authority, shortly. and mifid around the world. investors as far away as japan are worried that mifid could stunt the bull run. what will be the global implications of the e.u.'s new rules. welcome to "bloomberg markets: rules & returns." i am nejra cehic in london. "rules & returns" is the show where we delve into the regulatory challenges and opportunities for financial markets across the globe.

and it just -- ginni: still is, david. [laughter] david: ok. ginny: ok. david: all right. do you think it has the same strength in the computer world that it had in the 1960's? ginni: to me, i would answer that ibm is great, but for a reason that you did not mention. i think the greatness of a technology company is if you can reinvent yourself over and over. and i say, we will watch and see, because it is one thing to reinvent yourself once, then twice, but do it three, four, or five times. this is a really competitive industry that we are in, and i think we do something very unique. because it is one thing to have technology. it is another to have the know-how on how to use it. all right? so i feel what has made us distinctive in, while while we have gone through all sorts of products, i think the one kind of silver thread is that we really do help change the way the world works, and i go back to the beginning in time, i mean, way back. ibm started -- it wasn't ibm actually at the time -- cheese-meat slicers, then it was clocks, tabulating, and then it was an era of, as y

and it just -- ginni: still is, david. [laughter] david: ok. ginny: ok. david: all right. do you think it has the same strength in the computer world that it had in the 1960's? ginni: to me, i would answer that ibm is great, but for a reason that you did not mention. um, i think the greatness of a technology company is if you can reinvent yourself over and over. and i say, we will watch and see, because it is one thing to reinvent yourself once, then twice, but do it three or four four, or five times. this is a really competitive industry that we are in, and i think we do something very unique. because it is one thing to have technology. it is another to have the know-how on how to use it. all right? so i feel what has made us distinctive in, while while we have gone through all sorts of products, i think the one kind of silver thread is that we really do help change the way the world works, and i go back to the beginning in time, i mean, way back. ibm started -- it wasn't ibm actually at the time -- cheese-meat slicers, then it was clocks, tabulating, and then it was an e

david: and then french? yo-yo: yeah. david: so you didn't start speaking english? yo-yo: can't you tell? david: it's perfect. yo-yo: some people say yes. david: you have an older sister. she was playing the violin, if i understand it. so your father said, he was a music teacher, why don't you play the violin as well? so why did you not become a violinist? yo-yo: well, first of all, my sister played much better than i did. and there is actually something in each person that is innate in terms of the kinds of sounds you like. so for example, i somehow didn't think i could make a good sound on the violin, and, but, so i did not play any other instrument for a while. i did not even here the sound of a double bass, but i saw one and thought as a four-year-old, that is a big, big giant instrument. i want to play it. as four-year-olds might do. david: ok, and -- yo-yo: so i started saying, please give me a double bass. i want to play it. there was no double bass i could play. the cello was the next best instrument. david: so you started playing, and did you notice other c

david: you weren't? abigail: abigail: this was the equity market in the 1970's, david. nobody in the equity markets in the 1970's was famous. people thought the equity markets were dying back then. i mean people were asking my father, why are you still doing this? david: so you grew up relatively modestly, you would say? abigail: we were comfortable, but not any lifestyle that anybody would be wanting to show on t.v., or be particularly impressed with. [laughter] david: you knew you wanted to go into business and go to harvard business school, or not? abigail: i was definitely thinking about business school, but i would not say i had the confidence to be sure that i could actually make it there and be successful. after i finished in college, i wanted to go into business and get a good business experience. i had worked at fidelity during the summers, so i came here to new york and i worked in the strategy practice for management consulting firm booz allen hamilton, you know well, and that was a great experience. i had been a liberal arts undergrad, so being immersed in b

david: so what about camp david? most people have never been to camp david. so tell us, what is it like it camp david? it is a great place to have a retreat and relax, or is it really overrated? mr. clinton: no, i liked it. it is a great place. particularly if you -- i loved it most at thanksgiving, because i would bring all the family. i liked it when chelsea could bring her friends up there. and you have a little more -- at least you are under the illusion that you have while you are on the ground more freedom of movement, more wandering around time. it is great just to get away. mr. bush: i we went there a lot, and we went there a lot, and probably used it more than any president. maybe ronald reagan did more. but the reason we went a lot is one, we could invite our friends. one of the great delights of the presidency was to invite friends we grew up with in midland and show them the oval office or show them camp david. but other thing i liked about it a lot is i like exercise. the place is set up for a lot of hiking, running, mountain biking. there is a w

david: oh. paul: it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. and 23 hours later it was filled up, but it took a number of months of preparation. david: that makes me feel better that you didn't just do it in 24 hours. how much do you manage now overall? paul: i think it's $34 billion at this point. david: so you started your fund in what year? paul: 1977. david: how much money did you have then? paul: $1.3 million. david: where did you get that? paul: it was friends and family. i was a practicing lawyer and in early 1977, i decided that what i had been doing managing a small amount of -- a tiny amount of friends' and family money was much more interesting than practicing law. david: you grew up in new jersey and manhattan and you went to the university of rochester, and then harvard law school. paul: right. it was a wonderful experience, but it was a daunting experience, especially because i didn't exactly like wha

david: ok. david: ok. but ultimately when donald trump one was the nominee of the party, did you support him as the nominee? paul: i voted for him. david: ok. paul: and there is -- i was not going to vote for hillary clinton, as some of my republican friends did. and i became optimistic about some of the opportunities in economic growth and regulatory reform, tax reform. david: has donald trump invited you down to visit him? did you know him before he was elected president? paul: i did not. i invested in his bonds a couple of times. david: ok. [laughter] david: those were high-grade bonds? [laughter] paul: they were on the date of issue. [laughter] [applause] david: they later became high-yield? paul: and below. david: right. [laughter] david: so, have you seen him since he is president and have you given him any advice? paul: i visited the white house once a few months ago and we chatted a bit about taxes and economic policy. david: you have given a lot of money, raised a lot of money for republicans. do

and it just -- ginni: still is, david. [laughter] david: ok. ok.y: david david: all right. do you think it has the same strength in the computer world that it had in the 1960's? ginni: to me, i would answer that ibm is great, but for a reason that you did not mention. i think the greatness of a technology company is if you can reinvent yourself over and over. and i say, we will watch and see, because it is one thing to reinvent yourself once, then twice, but do it three or four or five times. this is a really competitive industry that we are in, and i think we do something very unique. because it is one thing to have technology. it is another to have the know-how on how to use it. all right? so i feel what has made us distinctive in, while while we have gone through all sorts of products, i think the one kind of silver thread is that we really do help change the way the world works, and i go back to the beginning in time, i mean, way back. ibm started -- it wasn't ibm actually at the time -- cheese-meat slicers, then it was clocks, tabulating, and then it was an era of, as

and it just -- ginni: still is, david. [laughter] david: ok. ginny: ok. david: all right. do you think it has the same strength in the computer world that it had in the 1960's? ginni: to me, i would answer that ibm is great, but for a reason that you did not mention. um, i think the greatness of a technology company is if you can reinvent yourself over and over. and i say, we will watch and see, because it is one thing to reinvent yourself once, then twice, but do it three, four, or five times. this is a really competitive industry that we are in, and i think we do something very unique. because it is one thing to have technology. it is another to have the know-how on how to use it. all right? so i feel what has made us distinctive in, while while we have gone through all sorts of products, i think the one kind of silver thread is that we really do help change the way the world works, and i go back to the beginning in time, i mean, way back. ibm started -- it wasn't ibm actually at the time -- cheese-meat slicers, then it was clocks, tabulating, and then it was an era of,

david: the only time i have ever stopped at 50, david. [laughter] david: ok. [laughter] david: if someone wants to be the president of united states, is the quality that is most important hard work, intelligence, optimism, luck? what do you think it takes for somebody who says, i want to be president? i want to be like you? i want to be like you? pres. bush: humility. i think it is really important to know what you don't know and listen to people who know what you don't know. pres. clinton: i also think that you have to begin with the end in mind. that is you have to say, yeah, you have to win the election, but why in the heck are you running? if you want to be president, realize it is about the people, not about you. when it is over, and that is what a lot of these people who are real arrogant in office forget, time passes, and it passes more quickly than you know. you want to be able to say, people were better off when i quit, kids had a better future, things were coming together. you don't want to say, god, look at all the people i beat, or the people i wor

david: oh. paul: it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand, and 23 hours later it was filled up, but it took a number of months of preparation. david: that makes me feel better that you didn't do it just in 24 hours. how much do you manage now overall? paul: i think it's $34 billion at this point. david: so you started your fund in what year? paul: 1977. david: and how much money did you have then? paul: $1.3 million. david: where did you get that from? paul: it was friends and family. i was a practicing lawyer, and in early 1977, i decided that what i had been doing, managing a small amount of -- a tiny amount of friends' and family money was much more interesting than practicing law. david: you grew up in new jersey and manhattan, and you went to the university of rochester and then harvard law school. paul: right. it was a wonderful experience, but it was a daunting experience, especially because i didn't exact

david: first to our top stories. president donald trump, is back to work at the white house with a very full plate for the new year. the clock is ticking, to make progress with congress before they shift their focus to midterm elections. a look what the president focusing on coming up. great courage behind the protesters. u.n. ambassador, nikki haley and president praising those risking their lives and some losing their lives to rise up against tyranny in iran. more on the deadly up rising in iran to come. >>> former u.n. ambassador john bolton on what action must be taken to support the protesters. >>> the deep freeze is hitting big portions of the country including the south, texas and florida, experiencing temperatures 10 to 30 degrees below average. what will it do to the southern crops? very latest details from the weather center and how long this will last. gerri: a lot going on. the dow ending the day in the green, led higher by shares of disney, general electric and chevron. speaking of energy, crude still ab

david: ok. dr. collins: it also is fundamental to life and medicine, so by the time i was halfway through my first year as a medical student, i knew i wanted to be a geneticist. david: let me talk a little bit about something you did that brought you to national fame and attention, and that is the human genome project. what was the human genome project, and why do we care about you having co-discovered it? dr. collins: good question. what is the genome anyway? it is the entire construction book, which is written in the language of dna for an organism, so we humans have a genome, and so do other living organisms, plants, animals. bacteria. they all have a genome. ours is pretty big. if you think of dna as a language, it is an interesting one. it has just four letters in its alphabet, which we call a,c, g, and t. they are abbreviations for chemical bases. our genomes are 6 billion of those letters. you get 3 billion from mom and 3 billion from dad. that is a lot. although it is pretty amazing to conte

david: unbelievable. melissa: all three major averages ending record highs up nearly 2% or more, making this the fourth straight week of gains. i'm melissa francis. happy friday. david: you know you sling anything you want at this market, takes hits and keep on going. i'm david asman, happy friday. this is "after the bell." more on the big market movers, here is what else we're covering on very busy friday. american open for business. the market certainly saying that. so is president trump, delivering his message on the world stage at davos this morning. now on his way back home to the white us, more on what he was able to accomplish on his trip abroad. the president now looking ahead to his first state of the union address. this coming tuesday. we'll speak with an army veteran who scored a seat for that event. his story coming up. what we now know about the newly-ache acquired texts between peter struck and lisa page and their strategy interviewing hillary clinton during the fbi investigation. chris farr

david: crumbs pathetic? if the good news keeps coming, how can democrats keep running against these tax cuts? hey, everybody, i'm david asman, welcome to forbes on fox. let's go in focus to go with steve forbes, sabrina schaeffer, john tamny. steve, will democrats regret calling the benefits crumbs? >> most people will get a tax cuts and they will hope their tweets give them something else to run on the. the republicans made this from a grand slam into a single, but they didn't get the sweep they should have. most americans will come out ahead and see if the republicans can communicate that in a way that people understand these are tax cuts. david: bruce, even democrats that are involved in stocks and business like warren buffet say this is going to be terrific for americans. i think that democrats if they keep holding onto the idea that these are crumbs and americans see them as more than crumbs. that's bad for democrats, no? >> well, i mean, i do think that they should focus more on the president's comment

david: and then french? yo-yo: yeah. david: so you didn't start speaking english? yo-yo: can't you tell? david: it's perfect. yo-yo: some people say yes. david: you have an older sister. she was playing the violin, if i understand it. so your father said, he was a music teacher, why don't you play the violin as well? so why did you not become a violinist? yo-yo: well, first of all, my sister played much better than i did. and there is actually something in each person that is innate in terms of the kinds of sounds you like. you know, um, so for example, i somehow didn't think i could make a good sound on the violin, and, but, so i did not play any other instrument for a while until, i did not even here the sound of a double bass, but i saw one and thought as a four-year-old, that is a big, big giant instrument. i want to play it. as four-year-olds might do. david: ok, and -- yo-yo: so i started saying, please give me a double bass. i want to play it. there was no double bass i could play. the cello was the next best instrument. david: so you started playing, and di

david: i see. yo-yo: and so had we not met this lady, we would have gone back to france and i would have, you know -- david: you might be in private equity. yo-yo: or i would be kissing you on both cheeks. david: right. you were already fairly accomplished. now because we are in the kennedy center -- yo-yo: it depends on how you define accomplished. david: by almost any normal standards you were already well known. because you had already met pablo casals, a man who many consider the greatest cellist of the first half of the 20th century. how did you meet pablo casals and what did he think of your playing as the young boy? yo-yo: well, i think i was taken to play for him at age seven, and i have him, you know, writing something in my autograph book, and i played for him and he said, hmm, very good, and says, but you should always also go play baseball. which is very interesting, because at that time he was in his upper 80's probably, and one of the things i remember his saying, maybe in that autobi

david: oh. paul: it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. and 23 hours later it was filled up, but it took a number of months of preparation. david: that makes me feel better that you didn't just do it in 24 hours. how much do you manage now overall? paul: i think it's $34 billion at this point. david: so you started your fund in what year? paul: 1977. david: how much money did you have then? paul: $1.3 million. david: where did you get that from? paul: it was friends and family. i was a practicing lawyer, and in early 1977, i decided that what i had been doing managing a small amount of -- a tiny amount of friends' and family money was much more interesting than practicing law. david: you grew up in new jersey and manhattan, and you went to the university of rochester and then harvard law school. paul: right. it was a wonderful experience, but it was a daunting experience, especially because i didn't exactly li

david: what happened? we are waiting for inflation, then all of a sudden there is inflation in the united states and europe as well. was buildingis last year. you did see an excel a ration in the economic data, the isn hitting cycle highs. certainly a better than expected holiday season emerged -- and acceleration it is this building up pressure, and tax reform tipped us over the edge, especially if companies will produce all these wage gains. there is this unknown, how much they will be sticky, one-time bonuses him about whether it is one or the other, it will emerge in the first quarter. that first quarter wage number is likely to look hard than anyone anticipated. david: state of the union, our third story. which donald trump will we see? one during inauguration, or the one in davos? >> i will always put america first, just like the leaders of other countries should put their country first also. meanmerica first does not america alone. when the united states grows, so does the world. what's good for ame

david: ok. dr. collins: and it is also fundamental to life and fundamental to medicine, so by the time i was halfway through my first year as a medical student, i knew i wanted to be a geneticist. david: let me talk a little bit about something you did that brought you to national fame and attention, and that is the human genome project. what is the human genome project and why do we care about you r having co-discovered it? dr. collins: good question. what is the genome anyway? it is the entire construction book written in the language of dna for an organism, so we humans have a genome, and so do other living organisms, plants, animals, plants, bacteria. they all have a genome. ours is pretty big. if you think of dna as a language, it is an interesting one. it has just four letters in its alphabet. which we call a, c, g, and t. because they are abbreviations for chemical bases. our genomes are 6 billion of those letters. you get 3 billion from mom and 3 billion from dad. that is a lot. although it

david: yes. lemonis: i feel like with the right training your to-do list if yjust keeps growing. me, (laughs desperately) it never stops. which is why the online financing application at carmax.com is so convenient. get some of that finance stuff out of the way from wherever you are, at the doctor's office, karate practice or my favorite... back at the doctor's office. knowing before you go means more quality time sewing a costume for the school play that is not going to look anything like a frog. just a little heads-up, mrs. davis... ha ha ha, yay kids! i put everything into my business. and i had all these points from my chase ink card. so i bought ingredients, utensils, even made custom doughnut cutters. wow! all with points. that's how i created the ripple. the doughnut, in a doughnut, in a doughnut. suddenly, it's everywhere. i mean, it really took off. what will you create with your points? chase for business. make more of what's yours. this is frank. sup! this is frank's favorite record. t

david: lelt's talk about ibm. it is a hardware company, software company, consultant company, what would you say it is today? ms. rometty: keep going. right. when i say first off an enterprise company, right, we uniquely live at that intersection of tech and business. and then as you said, over time, we've built hardware. then we layered it with software. we integrated on to that services. now as i say we're becoming a cloud and a cognitive solutions company. there will be another reinvention of ibm in the future. today it is about that. it isn't about the technology. it's cloud, a.i. right now. it's the why. as i say to all my colleagues, i feel like we're the champion for business. i'll tell you what i mean by that. right now, if you ask me to pick one word what ibm is reinventing around, i would tell you it's the word "data." there is gold in that data and to me we are on the verge of companies being able to use all that. to me this is companies to go on the offense now against start-ups, against disruption. yo

david: you don't do it anymore? dr. collins: i do. i started again. david: oh. dr. collins: it is a wonderful ride. i ride my motorcycle to work many days. it is a harley davidson king classic. it is a beast, and it gives you a certain sense of enjoyment of life that is hard to come by other ways. david: let's talk about another part of your life. when you were younger, if not an atheist, then an agnostic. how did you transform yourself from being either an atheist or agnostic to somebody who is a committed christian? dr. collins: it does seem like an odd story, doesn't it? growing up on the farm, my parents were not opposed to religion. they just did not think it was particularly relevant, so i had no religious background. i got to college, those conversations in the dorm about what did people believe. i did not think i believed in any of it. so i was an agnostic, but by the time i got to graduate school, i was shifting to being an atheist and i would not be too comfortable keeping quiet if somebody was talking about the supernatural. it is all about nature and how

thank you, david. david: victory for the house intel committee. the justice department finally striking a deal over a highly-sought-after documents related to the anti-trump dossier. plus the united states made a major agreement with south korea today regarding military exercises. we have the late-breaking details coming next. >> if north korea wants to pick up the phone to talk to its neighbor south korea we have no problem with that. our policy remains the same and frankly the same policy as south korea, japan and many other countries in the world, that is the denuclearization of the korean peninsula. nutes !! so we can all sleep easier tonight. when you have something you love, ♪ you want to protect it. at legalzoom, our network of attorneys can help you every step of the way. with an estate plan including wills or a living trust that grows along with you and your family. legalzoom. where life meets legal. melissa: thank you thawing in reflations. halting military exercises between south korea before this month's olympics. president trump twe

david: i am david westin in washington. the white house surprised the business and political world yesterday by announcing president trump will join the world economic forum in switzerland. this is the first time an american resident has been at the meeting since bill clinton, 18 years ago. here is bloomberg's washington correspondent here with me. what is he going to face? >> the president will see a very skeptical audience. obviously, the president campaigned on being a populist and an america first president who derives this idea of wealthy people have gathered in the house talking about localization. the america first message over to davos but he may have things they may like as well. tax reform, deregulation, business leaders and other countries might like what he has done thius far. potentially taking on iran and north korea and really having the bellicose language. those of the types of things that scare international investors and world leaders. it could be a very interesting discussion of the president will have wi

david. david: thank you so much. time now for our "daybreak" first take. first up is of course a jobs day. second, continuing the new year tear, and third, the chip program has affected apple. alix: joining us now is carl riccadonna, the head of economics, and another guest from bloomberg news. 190,000 jobs is where the consensus sits for unemployment road. -- rate. a big snoozer if you compare it. carl: the economy has shown a bias toward acceleration in the bathtub -- back half of last year. we will be a little bit below consensus. i certainly think it is possible. until we see because of workers go out, then if the economy is growing more ugly, we should see a faster pace of hiring as well. we have 2.5% year-over-year, is that enough to draw people out from the sidelines? it isi do not think drawing people from the sidelines, nor is it the touring employers -- deterrin employers from hiring. as the year wears on and we are talking about a sub-4% unemployment rate with the labor scarcity issues and rising labor costs will lead employers to moderate. alix

david: i'm david, in for lou dobbs. well president trump today accusing russia of violating international sanctions against north korea. the president telling routers, the kim va yeem is closer to full nuclear capability ever day and that the kremlin continues to see north korea supplies undercutting a chinese effort to restrict oil and cole delivery to the nation >>> the department of justice highlighting america's dire need for immigration reform. ed 0 callahan telling reporters our immigration system is filled with loopholes that threaten national security on a daily basis. >> i know that transnational criminal organizations and other individuals and entities that wish to harm the united states undoubtedly seek to exploit weaknesses in our immigration system but it benefits them in accomplishing their unlawful schemes. president trump's immigration policy is designed to serve the interest of national security. david: joining me, sebastian gorka. dr. gorka, these were extraordinarily sobering words. i think he made th

coming up, we are joined by david o in. we will -- david owen. we will discuss more on theresa may's cabinet shakeup. this is bloomberg. ♪ ♪ emma: this is "bloomberg daybreak." i am emma chandra with your bloomberg business flash. saudi aramco is ready to name goldman sachs and citigroup to help names -- according to people familiar with the matter, j.p. morgan chase and -- hsbc, and morgan stanley are expected to be name as global coordinators. aramco has said the offering is still on track to take place this year. has offered tor buy -- for $3.1 billion. it would give them treatments for rare bleeding disorders. it's the second offer the company has made. o nordisknordisk -- nov says -- declined talks. the upfront price is $1.1 billion, but -- could end up paying $7 billion over time if the drug reaches certain milestones. that is your bloomberg business flash. may primer theresa minister of the u.k. was forced to fire damien green last year, on sunday she had this to say about changes ahead. prime minister may: it snows apprise obviously t

they love camp david. you see them with their parents picky stephen sitting in p1 listening to a children's service. and on the watch evergreen chapel which is dedicated in his fathers in administration it's the ten year mark, june 2001, so we have a nice service just like they did ten years prior, all the same clergy or denominations were invited, similar remarks, songs were sung and all the presidents with all the films as exit the chapel taking photos that day. then we all go to brunch together. so the bushes were very punctual. in fact, he was so punctual he caught me early one day when these early and i wasn't punctual. so the bushes, and i know for my successes for eight years, there's a minute rule. you were always 30 minutes there before bush because he tended to run on time or early. so he supposed to come up one more week before we leave but he can't make it picky cancels of the trip. his secretary calls me in the office. fortunately i was sitting in the office on the phone and the phone rings an

david: welcome to bloomberg daybreak. i'm david westin right here with alix steel. are set for another new high on the open. s&p futures up by about one point. we are getting solid data out of europe. 10 year yield at one point touching 2.5%. a nine-month high backing off that level but nonetheless selling in the bond market continues and nymex crude getting a boost. the news over the night comes in dollar u.n. freely u.n. trade more and u.n. falls against the dollar. an interesting shift in the market. david: they don't have to worry out it like they did. breaking news. continental is in talks with advisers saying it is going to explore a possible holding structure. this could be the biggest overhaul ever for this very large auto component maker. tos appears to be an attempt break it up so the individual parts of the company could trade separately. they be some of the tire manufacturer could rise on the news and it is tied perhaps to the move to autonomous vehicles and the electric vehicles. ag will be exploring a holding structure. alix: those are the super fancy

david: you don't do it anymore? dr. collins: i do. i started again. david: oh. dr. collins: it is a wonderful sort of ride. david: do you do a show? dr. collins: i ride my motorcycle to work many days. it is a harley davidson king classic. it is a beast, and it gives you a certain sense of enjoyment of life that is hard to come by other ways. david: let's talk about another part of your life. when you were younger, you were if not an atheist, then an agnostic. how did you transform yourself from being either an atheist or agnostic to somebody who is a committed christian? dr. collins: it does seem like an odd story, doesn't it? well, growing up on the farm, my parents were not opposed to religion. they just did not think it was particularly relevant, so i had no religious background. i got to college, you know those conversations in the dorm about what did people believe. i did not think i believed in any of it. so i was an agnostic, but by the time i got to graduate school, i was shifting even more to being an atheist, and i would not be too comfortable keeping qui

david: oh. paul: it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. and 23 hours later, it was filled up, but it took a number him and of months of him and preparation. david: that makes me feel better that you didn't just do it in 24 hours. how much do you manage now overall? paul: i think it's $34 billion at this point. david: so you started your fund in what year? paul: 1977. david: how much money did you have then? paul: $1.3 million. david: where did you get that? paul: it was friends and family. i was a practicing lawyer, and in early 1977, i decided that him what i had been doing managing a small amount of -- a tiny amount of friends' and family money was much more interesting than practicing law. david: you grew up in new jersey and manhattan and you went to the university of rochester, and then harvard law school. paul: right. it was a wonderful experience, but a daunting experience, especially because i did not

david? david: thanks very much, emma. antonio garza served as the ambassador to mexico under president george w. bush. he understands the mission unlike few others, having been a judge in a texas border county, and being from grandparents who immigrated from mexico to texas. he joins us now from mexico city, where he is based. mr. ambassador, thank you very much for coming back with us. amb. garza: you bet, david, my pleasure. thed: you were a student on mexican integration into this country. of us your take on the wall and the dreamers act. on the dreamers act, you are looking at an issue that has brought support in the united states. mid to late last year, 80% of the people in support or in favor of the daca act. a pollly, fox news did in september and found nearly 63% of trump supporters supported it as well. i think there is broad political support. unfortunately, things have been getting caught up in the politics as late, and from 800,000 to one million young dreamers, that creates such a level of uncertainty. i unde

stay warm, david, i'll see you. david: thank you, we'll be watching. a new report revealing tens of thousands of federal workers making more than three times what the average private sector employee earns. is t liberty mutual stood with me when i was too busy with the kids to get a repair estimate. liberty did what? yeah, with liberty mutual all i needed to do to get an estimate was snap a photo of the damage and voila! voila! i wish my insurance company had that... wait! hold it... hold it boys... there's supposed to be three of you... where's your brother? where's your brother? hey, where's charlie? charlie?! you can leave worry behind when liberty stands with you. liberty stands with you™ liberty mutual insurance. a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the r

david? david: it was 55 minutes when the unannounced negotiating session. it was only 15 minutes today. we're sad it didn't go longer. who knows what tomorrow will bring. reporter: we'll take 55 minutes tomorrow. david: who knows what may come. cheryl. cheryl: be careful what you web for. let's bring in charlie hurt, fox news contributor and "washington times" editor. all that talk about daca immigration and president trump saying no, no deal on daca, if i don't get funding for the wall? >> probably important message for the president to get out there, if you watched entire 55-minute presser, whatever that was, which i did -- cheryl: cash net meeting. we'll go with that. >> it was tremendous thing to watch. entertaining as anything i have ever seen in politics but if you watch that, the message got a little bit muddled, what he would accept, wouldn't accept. obviously democrats were trying to get him to commit to accepting a clean daca bill, but he, it was very good for him today, to put a f

haslinda: david: i see. -yo: and so had we not met this lady, we would have gone back to france and i would have, you know -- david: you might be in private equity. yo-yo: or i would be kissing you on both cheeks. david: right. you were already fairly accomplished. now because we are in the kennedy center -- yo-yo: it depends on how you define accomplished. david: by almost any normal standards you were already well known. because you had already met pablo casals man who many , a consider the greatest cellist of the first half of the 20th century. did you meet pablo casals and what did he think of your playing as the young boy? yo-yo: well, i think i was taken to him at age seven, and i have him, you know, writing something in my autograph book, and i played for him and he said, hmm, very good, and says, but you should always also go play baseball. which is very interesting, because at that time he was in his upper 80's probably, and one of the things i remember his saying, maybe in that autobiography or in

david: i remember that. melissa: she is accusing president trump's former campaign manager of sexual assault. joy villa joins us next. ♪ it's time for sleep number's 'lowest prices of the season' on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. and snoring? does your bed do that? it's the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. now only $1199, save $400. ends soon. visit sleepnumber.com for a store near you. melissa: recording artist joy villa who turned heads with this make america great again dress at the grammys is waiting for an apology from corey lewandoski. she accuse the former campaign manager slapping him on the butt a couple times even after she told him to stop. lewandoski says he will let the case play out in court. she is here to share her side of the story. we know that corey lewandoski was on the fox business network earlier and said, you know, like he said he will let it play out in court. what a

david? david: thank you. later this afternoon we get the minutes from the december fed meeting, and we will look at them carefully to figure out what the fed might be doing with respect to rights. here's what policymakers and market participants have said already. it anyellen: i consider important priority to make sure that inflation does not under-shoot our 2% objective, and i want to see it move up to 2%. >> it is the trajectory of interest rates next year that is really of importance. there is some uncertainty about that. be 3%, it turn out to time will tell, but i think we should be removing accommodation in a gradual, patiently. >> we're looking for three rate hikes next year, the same as the fed. it is not price the market yet. >> we expect the fed to hike only twice, our office -- cautious outlook. they could trigger out -- inflows into the u.s.. >> we also expect three further hikes next year. now if the tax bill leads to more capital spending -- that is still an if, because with respect to corporate,

david: oh. paul: it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. and 23 hours later, it was filled up, but it took a number of months of preparation. david: that makes me feel better that you didn't just do it in 24 hours. how much do you manage now overall? paul: i think it's $34 billion at this point. david: so you started your fund in what year? paul: 1977. david: how much money did you have then? paul: $1.3 million. david: where did you get that? paul: it was friends and family. i was a practicing lawyer, and in early 1977, i decided that what i had been doing managing a small amount of -- a tiny amount of friends' and family money was much more interesting than practicing law. david: you grew up in new jersey and manhattan and you went to the university of rochester, and then harvard law school. paul: right. it was a wonderful experience, but a daunting experience, especially because i did not exactly like what i

david: i am. yo-yo ma: ok. ♪ yo-yo ma: you did it. david: i am ready. thank you, very much. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. >> hello. a good man to know in the crisis. his cofounder, chairman and ceo, the world's leading risk services company. 11,000 employees in more than 10,000 clients, it is today's highflyer. ♪ >> he is in the business of saving lives.

david: how do you regulate that? david k.: nobody has the answer. david: is it regulating speech our commerce? david k.: it is a form of partnership that has to be invented, because we cannot allow facebook to be the one that decides what is allowed to be said and did not allow to be said. we want them to take action to keep the public space that they control more civil, less violent, etc. we do not want to them to be the center to control the first amendment, yet we do not want bad stuff to happen now facebook, so the government must get involved. alix: we are talking about social media companies, and we've talked about amazon getting too big, which regulation needs to happen? david k.: we need to have more creative people in washington and to some extent they are emerging in brussels, who tried to think of new ways to envision a world where these companies are restrained, but the economic activity that they promote is not restrained. --is simply breaking up sibley breakup google is a crazy idea, nobody will propose that. and amazon, how could the