david for hours. it wasn't a problem for judy, she loves talking about her boy, even now, to us. >> david was my first child. he was just -- loved everything and everyone. ♪ happy birthday to you >> david jackson was the eldest of judy's three children. and mark jackson idolized his older brother. >> he looked out for me. he was that way with his friends, with everybody. >> bill brown was one of those friends. in 1982 after high school, brown and david jackson worked together at a burger king, where david became a manager. brown also had a front row seat to the budding romance between jackson and a pretty 16-year-old coworker named barbara britton. >> they were together, and that's awesome. i mean, if you can find love, that's what we all want. >> and so all of these years later, detective velasquez paid a visit to the woman who had been the girl that had fallen in love with david jackson. happy to help, she told the detective. same thing when we called on her to talk about the david she knew. >> he

david: where did the name "virgin" come from? richard: one of the girls laughed and said, are you a virgin at business? david: did she get a finder's fee for that idea or not? [laughter] david: you begin building other companies. richard: the only reason we would go into a new sector is if we felt it was being badly run. david: is there something in your life you have not achieved? richard: we are on the verge of finally, finally fulfilling that dream, the virgin galactic spaceships going to space. david: now you are a sir, you were knighted. richard: i was slightly nervous that it would be a slice at the head rather than a tap on the shoulder. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what

david: donald trump sent out a tweet saying the f-35 was too expensive. >> my team engaged to have a dialogue with him. it is the most advanced fighter in the world. david: you were voted the 22nd most powerful woman in the world. >> cai get a note from my brother who said why was oprah higher than you? >> can you fix your type please -- tie please? meid: people would recognize if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? david: since you have been the up the stock has gone roughly 330% the market capitalization is up roughly 280%. another country that you keep up with that compete with, general dynamics has a female ceo and their stock is up 250% since they became -- [applause] do you think women

michael: thank you, david. david: thank you. thank you. [applause] ♪ jonathan: from new york city for our viewers worldwide, i'm jonathan ferro. "bloomberg real yield" starts right now. jonathan: coming up, from hawkish to dovish and then totally confused. wall street grappling with said -- with said communication. -- with fed communication. the latest market worries, shutdown politics weighing on sentiment. plus, volatility pushing investors to pull money out of u.s. low funds -- loan funds and record pace. we will begin with a big issue, a market gripped by federal reserve confusion. >> chairman powell's message yesterday was so prophetic, it was taken badly by the market.

david: you were called the maestro. did you think that people were giving you too much credit for being such a great maestro of the economy? alan: i was getting much too much credit for what actually was going on. , do not worry about it, we'll come out the other side. ♪ toit is my intention nominate dr. alan greenspan as the chairman of the federal reserve. david: i want to say that i'm deeply grateful the part -- >> i want to say that i'm deeply grateful to the president for this opportunity. nyu,: you graduate from you have given up your music career, what did you do when you graduated? alan: first of all, i went to the national industrial conference board. for the first time, i went into the business world. i was not all that interested in it here and i found myself -- i was not interested in it, but i found myself fascinated. at 22, i was writing articles for the magazine, and i was getting fascinated. i was getting quoted in "the new york times." david: you openly became a well-known consultant on wall street. o

back to you, david. david: christmas time. of all the times of the righteous don't know why she couldn't wait another month. edward, thank you very much. apple site is continuing. shares falling to buy 5% after, and i'm quoting here, the weakest purchase and 10 for the iphone in five years. meanwhile, three of the dow 30 component are now in the green. the market is trying to pull back. stay with us. we will be right back. place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. david: i'm going to watch out for a second. yield curve sparking fears. market watcher mike murphy. i hate using that term. people's eyes glass over when you do. try to guess reno explained it pretty well earlier in the hour. a sickly he said, you know, you get yields on a long-term bond, 30 year bond in u.k. yields on to your bond, the sho

david: because? christine: well, because the first time, i was in love with somebody who was going to become my husband, and i did not study very hard. and the second year, i did study really hard with a group of others who studied equally hard. and i totally missed the date of registration to actually take the various exams. david: so you became a lawyer though. and what propelled you to want to become a lawyer? christine: the death penalty. i wanted to participate in abolishing the death penalty. when i started law school, the death penalty was one of the tools of criminal law. and for personal, religious, and other reasons, i wanted to participate in eradicating this penalty in the legal arsenal of france. david: and well -- christine: and unfortunately, when i finished my law school, and when i graduated and could have joined that group, the death penalty had been abolished. david: all right, but you nonetheless stayed as a lawyer. christine: yes. david: and did you practice in france? christine:

david: what about twitter? is it in that phase of a more mature business where it needs to be efficient and improve its product? reid: this is one of the paradoxes of blitzscaling. twitter, next phase of growth is -- next major phase of growth? or efficiency? it depends on the ideas you have. it is not a scientific measurement. do we have ideas we can play against? part of the reason you are investing your investment thesis is should i invest in them, or should i operate towards efficiency? if you have a good idea how to take twitter to the next level, you may be in a blitzscaling phase. or you may move again to a blitzscaling phase. if you don't come you start focusing on efficiency. david: does that mean if you are in this successful, high-growth tech company that you want to be looking for other arrows in your quiver? we see this with facebook. didn't really do it with facebook. google did the same thing. reid: yes, all of the great tech companies and all tech companies are saying how do we build these amazi

david. david: lucas thank you so much. >> joining me now to discuss russia growing nuclear provocation, and president trump's visit to iraq, christian whiten. former senior adviser. this hypersonic weapon, is this everything that russian say it is. >> i don't think it is, hyper sonics have been coming along, they are developing theirs, we're developing ours, i am more worried about china, china has resources to pour into these new types of technologies. what putin said as far as this it is susceptible to missile defenses we need more missile defenses, we're foulked on a limited attack not a broad attack from russia and china. david: what gets me is press reaction. they suggest that this is russia's answer to the u.s. pulling out of the treaty when, this hyper sonic has been in the works for years there is no way it could have been reacting to something that happened a couple months -- >> that is ignorance and fake news, a hypersonic cruise missile is different from a ballistic missile. so, t

david: the p.c. culture will combine with the tech culture as a means of enforcing what they are now saying in public forum. that is a genuine concern. but here again i'm wondering if we caught it in time. we have caught on to the fact that you have things like siri and alexa. and we are catching on to the fact that google and theoeer companies involved with this are very politically biased. >> i hope that's the case. and we need to keep making these arguments. the other thing i think that's important is the generational aspect. one of the things you see over the years is each generation tries to rebel against the habits and behaviors of the one that's gone before. the generation coming on now is infected with this political correctness and closing down of speech. but the one that comes' after, they could be our saviors, they could say we can't live like that. david: i hope the younger ones grow up fast. we are facing criticism. ' theresa mayn't on how to honor the brexit vote. how does it get resolv

david: you go against people in their 20's? dennis: absolutely. david: really? so eventually you would like to see your legacy be what when you go to bike racing full-time? dennis: i will let others determine legacy. what is important to me in terms of reputation to me is i want to be known as somebody who invests in people, a leader who really invests in people and talent and takes that seriously, and raises the level of the team. this theme of innovation, right? innovating for our second century, and that we made the changes we needed to make to disrupt ourselves and bring the right technology and innovation to stay on the leading edge, and then i also talk to my team a lot about continuing to raise the bar for ourselves, not only to be the best in aerospace and which is an important measure, but to be a global industrial champion and to continue to scale up at that level. so those are a few characteristics of the company i would like to see when my time is done. david: so have you ever thought that the wright brothers were actually bicycle manufacturers. denn

david: right. [laughter] justice kennedy: what is it like -- david: what is it like when you are the most junior member of the court? if anybody knocks at the door, you have to answer the door. justice kennedy: it doesn't happen very often, and when it does, you are glad to stretch and not have to listen to your colleagues. [laughter] ♪ david: you must have gotten to know president ford at some point, because he appointed you to the ninth circuit court of appeals. justice kennedy: it wasn't clear to me that i really wanted to be a judge, although my practice had taken the around the country, but around the world, and they didn't have a chance to be with the family. i really wanted to be a district judge. that's the greatest job in the world. there's nothing you can do to a district judge. it's their own empire. i love it. [laughter] justice kennedy: and i like the trials. watergate came along and there weren't taking any positions for federal district judges, then the circuit vacancy came along.

david: what surprised you? justice kennedy: the outcome. david: the reaction? not your decision? justice kennedy: one of the reasons i wrote it is that it seemed to me i could not hide. the nature of injustice is that you can't see it in your own time. as we thought about this and i thought about it more and more, it seems to me that just wrong, under the constitution, to say over 100,000 adopted children of gay parents could not have their parents married. i just thought that this was wrong. and i struggled with it and wrote the case over a weekend. that's the way i came out. as i say, as you write the reasons, they compel themselves or not. i tell judges, i tell young judges, old judges, your duty in every case is to ask why are you doing what you are about to do, what are the reasons? and even if you've done it 100 times, you have to ask again and see if they are still valid. it's introspective. you take an oath that you're going to listen to each side. if you make up your mind in advance, you're not following that oath. david: on abortion rights, many people who were your sup

david: from bloomberg world headquarters in new york, i'm david westin. welcome to balance of power were the world of politics meets the world of business. sarah frier under reports that the russian interference in the 2016 election was more extensive than we knew. michael mckee in new york about what the fed should do. and from london, theresa may's roadmap for brexit. in san francisco, a big report out. tell us what this report is and what it tells us that is surprising. >> this is the first independent report by the senate intelligence committee to look thatall of the data constitutes the internet resource agencies campaign on social media around elections. that is the russian troll agency. was that thend campaign was extremely intricate and interconnected and focused who wouldning voters back donald trump and criticizing hillary clinton. one of the most surprising elements of this report is that instagram was actually more of a tool and a successful tool for the ira and even facebook. ,avid: i want to talk to you sarah, about instagram, but let's go t

andrea: so many, david. ♪ david: andrea, you've gone on to run grameen america. first of all, explain to us what grameen america is and what does it do? andrea: i feel really privileged to run grameen america, the fastest-growing micro-finance organizations in the united states. we give loans to women and their families who are in poverty, in today, 14 cities, 21 locations. they range from new york and our backyard in queens to east l.a., charlotte, north carolina, texas, and we'll be opening in houston shortly. it's now the fastest-growing micro-finance program in the united states. we've served over 100,000 women and their families, given out over $1 billion. secondly, we've helped them be banked. half of female-headed households that live in poverty are not banked here in united states, so we think it's importantly understand the power of asset building. in the united states, just a little savings -- just five dollars a week -- if you don't have $800 in your savings account in the united states, one health issue, one emergency and you're back under the poverty

david? david: thank you so much, kailey. kevin rudd has been watching china and its language since his time in university. through his work as prime minister of australia, now with an institute right here in new york. great to have you here. mr. rudd: good be with you, david. david: let's start with huawei and a woman named wanzhou meng. this is a straightforward allegationsn of involving iran. is there a larger geopolitical context? this is not a normal law enforcement matter, even though reports so far unofficially from the u.s. seem to indicate this is an investigation concerning a possible breach of u.s. sanctions against iran through the use of various technologies. but in the broader context of the u.s.-china relationship, this is major news. meng, is, madam chinese corporate royalty and is part of the influential set of corporate leaders in china, still very close to the government and to the party. so the way in which the chinese view this is it is not business as usual, this is unusual business. the final point is i

david: i do not consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job. how do you define leadership? what is it that makes somebody kick? justice kennedy, you have been in the news of little bit lately. retired from the court after 30 years. any second thoughts about retiring? kennedy: none at all. havee never found one i knocks it down in the middle. still my term on the court as an active judge areas this time since the timbre i will have spent 200 hours reading briefs. we wanted to enjoy life in a different way. david: why do lawyers call them briefs? they are not brief. the briefs are: very skimpy. the hearing go for two or three days. judges are learning from the lawyers during the argument. ours is more sufficient. they have a great tradition. the english language is one of the great treasures of the world. one time i was sitting on the house of lords. one of the barristers said now the lord's return to it -- return. lawyers kno

david: when is it reckless? >> i think it is reckless when you don't have the competition, like you don't have the competitive lens. if you feel that a set of things about -- will i be able to pull this together in a macro business? if you don't have the ingredients to know how the mature business will look. for example, if you blitz scale a business where the unit economics won't work, you will reate this big crater. these are risks you might have to take, but you try not to take them if you don't need to. reid: when do you --david: when do you have to go back and say, now i have to worry about efficiencies? reid: we have this important new area and we want to get it to size. airbnb, new domain of how you travel, experience new markets. airbnb is still in its blitzscaling stage. as it gets established and becomes an underserved category, you start going from speed of growth to efficiency, how do we really make the product a lot more polished? how do we make our business perations a lot more effective in terms o

david: ok. alan: or you are going to have problems. david: the new tax cut bill that was passed in the first year of president trump's administration passed by the congress said it will produce 3% or more growth for the foreseeable future. do you think 3% annualized growth is realistic over the next five or 10 years? alan: no, certainly not as a consequence of the tax cut. the tax cut actually did get a buoyancy, and we are still feeling some of it, but it is nowhere near enough to offset the actual deficit. so there is no way around this without coming to grips with the expenditure side. david: ok, so president trump called you up and said alan, you are a great former chairman of the federal reserve. i need some advice. i want you to solve the social security problem, and the medicare and medicaid problem. what would you tell him to do? alan: go elsewhere. david: go elsewhere. because you think it is too difficult? alan: i think politically we are caught in a terrible problem. david: so let's t

david: ok. alan: or you are going to have problems. david: the new tax cut bill that was passed in the first year of president trump's administration passed by the congress said it will produce 3% or more growth for the foreseeable future. do you think 3% annualized growth is realistic over the next five or 10 years? alan: no, certainly not as a consequence of the tax cut. the tax cut actually did get a buoyancy, and we are still feeling some of it, but it is nowhere near enough to offset the actual deficit. so there is no way around this without coming to grips with the expenditure side. david: ok, so president trump called you up and said alan, you are a great former chairman of the federal reserve. i need some advice. i want you to solve the social security problem, and the medicare and medicaid problem. what would you tell him to do? alan: go elsewhere. david: go elsewhere. because you think it is too difficult politically? alan: i think politically we are caught in a terrible problem. david

david: thank you very much. coming up, brand-new fox news poll showing nearly half of all registered voters feel our economy is in excellent or good condition. this as 80% of trump supporters say they will probably go are trump in 2020. wait until you hear hot frontrunner is for the democratic the in 2020. that answer straight ahead. this is not a bed. it's proven quality sleep. the new sleep number 360 smart bed, from $999... intelligently senses your movement and automatically adjusts on each side to keep you both effortlessly comfortable. and the best gift of all? a silent night. how smart is that? smarter sleep. to help you shed those sugar cookies, get a running start on the holidays, and take it all in with the patience of a saint. queen sleep number 360 smart beds from $999. plus 48-month financing. only for a limited time. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a w

david: ok. christine: so i was selected as chairman of the firm. david: the imf managing director position opens up. did you really want the job? christine: so many things in my life happened sort of out of the right timing, the right people, and my sense of, all right, let's try it, let's do it. ♪ david: ok, so you're the head of baker mckenzie. you're living in chicago. was it like a foreign situation? because you were really from france. christine: chicago was a fantastic city. i had lots of friends and still have many of them today. i truly enjoyed my six years in chicago. david: ok. all right, so you were doing that, and all of a sudden, nicolas sarkozy gets elected president of france. did you know him? christine: it was the year -- it was two years before that. it was, chirac was still the president, and the prime minister was still in charge. david: ok. christine: and he is the one who called me. david: he called you to be minister of trade? christine: yeah. david: so he called you to

david: thank you. now over to london and therese raphael. we had the announcement this morning that the eu court is saying, you can pull out or stay in. what is the likelihood of that? >> the court was asked to rule on whether the u.k. could move out unilaterally. let's be clear, the issue is pretty academic at the moment, but the government and opposition, the labour party has pledged for a long time that they will on her the 2060 referendum. they have no intention -- of the referendum. they have no intention of pulling out, but the court has opened the door. there will be in important vote on the withdrawal agreement that prime minister has agreed with with the european union. i think of conservatives in her own party believe that there is now potential to actually cancel brexit, they may be a little more inclined to vote for her agreement, which is widely expected at the moment to fail, and failed by a large margin. david: we know the vote has been scheduled for the 11th of december, but any chance

david: no women? christine: on the eve of the second world war with the view to avoid major economic crisis, major instability in the world. which in their view led to the war. that is the intentions. david: where do you get your money? christine: every member contributes to the financing of this common pot. david: it seems to be an informal understanding that the world bank would be headed by an american and that has been the case. am i correct? christine: i want to believe that it is going to be headed by somebody who has the competence to do the job. it has been a european at the fund and an american at the bank. i think that is the arrangement in the early days. the world looked different. david: the world looks different today. asia is significant so people from china or japan say -- what about us? christine: china is interested. china has a representative on my management team. there is a managing director. there is the first deputy managing director, who is an american. i have three deputy mana

david: no. talk to anybody. talk to all of those officials down on the border, the people on the border. we've done countless number of specials on that showing, in fact, how they're totally overrun. all of the shelters that they have down there for the kids are filled to capacity -- >> and a wall -- [inaudible conversations] >> you're both right about the lack of border security, but some people were right about the lack of health insurance. so etch's got a point as to why we're shutting down. but i think, the ultimately, america loses because it makes our country look like italian politics -- david: i'd rather have a problem in terms of the way we look to the rest of the world than have the problem the that germany has which is totally overrun by millions of immigrants that they have no room for. i mean, that's what we are up against. >> that's not their lack of wall, they wanted to take them in. >> i think that's true. david: well, we don't unless they are the kind of people who are going to work in this econ

david: ok. [laughter] david: you're practicing law and then eventually, somebody named ronald reagan gets elected governor. how did you get to meet ronald reagan? justice kennedy: it's not clear. he came to sacramento. he and some of his advisers asked us about places to live and rent. i did some legal work for them on small little matters. i got to know him. nancy always liked mary very much. i said to the governor, there are two things you can't ask me about. he said, oh, what's that? [laughter] justice kennedy: you can't ask me whoever should be appointed a judge, because i practice in the state courts. he said, what else? i said, don't ask me about politics. i don't know anything about it. so he and nancy knew that if i saw something wrong -- i was in the office one time and someone came running in and said, governor, your friends from hollywood are here today. we thought they were coming tomorrow. he said, oh, what do they want? he said, they'll tell you. it's nothing. so in walks john wayn

carol: david is laughing. david: had fiscal stimulus and tax cuts. the president has in his power in different form of stimulus, getting deals on trade. how much stimulus with that give to the u.s. economy? nathan: i think an agreement on trade, and let me be blunt, i have negotiated with the chinese, and they offered this administration more than they have offered previous administrations. he can harvest those gains, claim a he can harvest those ga, claim a victory, and remove a big source of uncertainty from the u.s. economy when he chooses . carol: so you are saying the chinese really have made progress in terms of offering up a lot. nathan: absolutely. they are putting things on the table that they have not put on the table before. the question is, how do you get them to do it in a way that is actually enforceable? carol: we have heard so much talk out of the chinese, and we do not always get follow-through. nathan: follow-through is the challenging part. david: nathan sheets, really great to have you here. coming up, facebook losing face. shares

[laughter] david: ok. did you, at the early ages, word -- were you a good student? michael: i was a very good student. what they did instill in all of us was for us to have a meaningful life, at least everyone had a chance at a meaningful life. and if our children or our children's children were going to have a meaningful life or good life, then all children had to feel they had that opportunity. and that was instilled with us. david: so you go to berkeley and you're going to major in science and be a scientist and so forth. what happened? why did you change? michael: on august 11, 1965, what became known as the watts riots occurred. so i did not have to go to vietnam. there are armed personnel carriers on the street. the city is on fire. and it took a while to convince my dad to let me go and understand what was happening, because i was convinced i knew everything. and i met a young african-american man sitting outside looking at a building that had burned down that he worked in. no one would give financi

michael: well thank you, david. david: thank you. thank you. [applause] ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ ♪ emily: he's one of the longest running ceos in tech history. hailing from the underdog state of west virginia, john chambers got his start at ibm before landing a job at cisco in the early 1990's. he became ceo in 1995, five years before the tech industry went bust. chambers led tech's bellwether out of the devastation. ultimately growing cisco's revenue from $70 million when he joined to $47 billion when he stepped down in 2015.

david: thanks so much. tensions between washington and beijing have heightened overnight when news came out that huawei's cfo had been arrested in canada on iranian sections violations. joining us on the telephone is peterson institute for international economics senior fellow. tell us what the chinese response might be. the u.s. might think one thing is iranian sanctions violations, a criminal matter we have to pursue, and another thing is huawei and 5g. we have to wait and see exactly what the charges are , the speculation is iranian sanctions but it could be for other countries, as well. huawei is the world's are just telecommunications company, an equipment company. in the u.s., people know them for handsets, but they are big equipment many fractures that do business and hundreds of countries -- they are big equipment manufacturers. sells enormous amounts of huawei, and they have to a by the u.s. regulations and sanctions when they sell their products internationally. it -- if they do not follow the law

my friend david asman is in for stuart. david: good morning. i'm david asman in for stuart varney. the big story, a shutdown for christmas. the partial government shutdown that kicked in saturday at midnight set to continue at least until thursday. that's when the senate returns to washington, but it could stretch into the new year. the main sticking point of course is border security. president trump demanding 5 billion dollars in border wall funding, but now the white house says it may settle for less. and treasury secretary steve mnuchin held a phone call with ceos from six of the largest u.s. banks yesterday. mr. mnuchin also set to convene a quote plunge protection team, whatever that is. we'll get into that. and president trump announcing sunday that defense secretary jim mattis will be leaving on january 1st. this is weekings s earlier than planned. president trump saying quote i'm pleased to announce or very talented patrick shanahan will assume the title of acting secretary of defense starting january 1, 2019. patrick has a long list of accomplishments, while serving as de

david: welcome. i am david westin here with alix steel. the action is in london come in the parliament. were looking at parliament now. were waiting for prime minister's questions. it will be this evening where she fights for her leadership with her own party, the conservatives. alix: either way, how do you move ford from something like this? what will she say, and how much he will she take? it will be brutal. david: if she survives this, she gets 12 months clear and free, so she may be emboldened. they can't challenge her again for 12 months. alix: you said that. cable is up, cable is up, but i'm skeptical how you govern after that. it is a risk on field. a trade deal may be with china. apparently the market is taking the vote of no-confidence .otentially s&p futures are up. sixth intraday move for the s&p. , 1.25.le rate up by .4% -- $24, $27 billion billion worth of supply coming online. we will see what the takedown is for the 10 year. crude up by over 1%, almost 2%. we are waiting for the opec monthly report. and we have the prime min

david: what about korea? james: we have done this, starting in 1994, the clinton administration where we changed of resolve and determination to one of conciliation and trying to buy north korea off with aid and were never able to get them to give up their nuclear program. i don't see them giving it up. i hope we don't go over there and just take the promise that they are going to give it up. david: what about china? james: it is the biggest geopolitical, in my view, challenge facing american policymakers today. how we react to the emergence of china as the new local superpower. it is already in economic , now political and security superpower. be under seem to duress with europe. james: it is important to recognize that america's strength is founded in large part on its alliances. we have alliances around the world that permit us to leverage our economic strength, military strength, diplomatic strength. those alliances are extremely important. they take care in feeding -- they take care and feeding. david: o

david: so -- mr. netanyahu: when i came into the finance ministry, this is just a tip for any of you who want to be israeli finance minister, something i don't recommend, but when i came in, you know, i said, well we're going to do this, do that, you know, make all of these reforms. and the staff at the finance ministry were very able people. they said, mr. minister, you can't do that. i said why not? they said because this reform will get you a three months general strike and that reform will get you a three months general strike and so on. i said, could you say that again? every one of these reforms will get you a three-month general strike. i said, good. we can maximize the number of reforms for strike. [laughter] and that is exactly what we did. we did them in batches. as a result, israel grew after that, basically since then has grown between 4% and 5% a year. i think it'll take us a couple years. we'll catch up to japan in per capita income. did you know that? david: so -- mr. netanyahu: you sho

david: you have how many children? >> three. david: grandchildren? >> nine. david: obviously a very successful family and a successful life. your father was a reasonably prominent lawyer in sacramento. did he say to you, go to law school? did he not say that? >> he was a fellow practitioner. we were very close. i didn't enjoy school much. unlearned to read at a very early age and let a lot of things in his library so i didn't spend a lot of time in school. i would go to his office with him. i was reading things. i probably saw 10 trials before i was out of high school. i would go with him. sacramento was a center for people from agriculture, less populated counties to come to seek advise. we would go to the counties around sacramento, the court houses. david: you went to stanford. you must have done reasonably well because you got into harvard law school. you did not stay in the east. you went back to pick up your father's practice. did you kind of take over his practice? >> it took over me. he died. in those days, the law profession was an old boy network. l

david: coming you have next. we are headed for a partial government shutdown and it's all on the dems to couple funding for a border wall. we'll take that up after the introducing add on advantage, a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can add on to your trip up until the day you leave. add on advantage. only when you book with expedia. ♪ ♪ this holiday season, families near you need your help. visit redcross.org now to donate. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. david: while congress struggles to secure the $5 billion for trump's b

>> hey, david. well, elon musk saying he thinks he's cracked the code for a better commute and all of this hinges on this tunnel that he dug under haw thorn, california -- hawthorne, california. that's the start. we went on a ride along down what was essentially a car elevator that took us from street level to the underground tunnel level. the plan is to have cars traveling through these tunnels going 150 miles-per-hour and completely escaping the gridlock above them on the road. there is a catch, though. only electric and self-driving cars are allowed in the tunnel, but it is not just for tesla cars. musk says he created essentially a bumper that can fit over the front tires of any self-driving electric vehicle that will allow people to drive through. so it's also street friendly. but musk says these tunnels have a lot more potential than just cutting through gridlock. it could change how cities operate and how they are built entirely. >> i think it's a great idea -- >> a lot of interest in utility

david. david: really under 3.7. it was still under expectations that is one reason the markets are down right now. good to see you, blake. thank you. investors are antsy that is for sure fearing the worse as stocks are on pace to end in the red. is the economy showing signs of a major slow down? hadley heath manning and fox news contributor gary kaltbaum. hadley, let's talk first about the job figures. what are you thoughts? >> it is hard for the a student to get the award for most improved when you're already moving strong. that is what our economy is doing, occasionally we'll miss expectations. we want to miss the forest for the trees there. there is 49-year low in unemployment. a lotcelebrate. many more families have family member working today, because of gains, mostly due to the tax cuts and jobs act and other deregulatory efforts for the administration. occasionally we'll have numbers that aren't so great but overall americans continue to be much better off now than they were this time a year ago. david: gary,

david: of course. barry: you remember the opening scene when he goes to the tomb and then the big ball? david: i remember that. pretty famous. barry: ok, yeah. that was about 12 pages of the script. by the way, i finished that 12-page script saying, "if we can shoot this, this is going to be fantastic." of course, it is going to cost more than any movie ever made because of whatever, whatever. but that script -- rarely, it has happened 10 times maybe -- when you finish that script you say, "this is a smash." david: but you also did television production. i remember you had "cheers" was one of yours? "cheers," "happy days," "laverne and shirley." you were doing a great job. people are telling you you are great, and all of a sudden you left paramount to run 20th century fox. barry: yes. and rupert murdoch came in. at the same time, i had already been interested in the idea of a fourth network. and so again, serendipitously, john, who owned a group of television stations called metromedia, he was passing

david: because? christine: well, because the first time, i was in love with somebody who was going to become my husband, and i did not study very hard. and the second year, i did study really hard with a group of others who studied equally hard. and i totally missed the date of registration to actually take the various exams. david: so you became a lawyer though. and what propelled you to want to become a lawyer? christine: the death penalty. i wanted to participate in abolishing the death penalty. when i started law school, the death penalty was one of the tools of criminal law. and for personal, religious, and other reasons, i wanted to participate in eradicating this penalty in the legal arsenal of france. david: and well -- christine: and unfortunately, when i finished my law school, and when i graduated and could have joined that group, the death penalty had been abolished. david: all right, but you nonetheless stayed as a lawyer. christine: yes. david: and did you practice in france? christine:

david: good evening, i'm david asman. lou dobbs has the night off. president trump standing tall for the american people, threatening to close the southern border and terminate any trade deals unless his border wall is funded. incoming white house chief of staff mick mulvaney says the radical dimm leaders are not even talking to the president. >> we need folks to talk to us. it strikes me as very unusual the democrats did not provide a counter offer to our last offer. they left town. where is chuck schumer and nancy pelosi. they are not even talking and we don't think they will until the next congress is sworn in. david: apparently nancy pelosi this hawaii. the man hurnt for an illegal immigrant who killed a california police officer has ended. he was caught as he was preparing to make his way back to mexico. his brother thanked law enforcement for their efforts in finding the cop killer. >> i would like to say thank you from the bottom of my heart. i wish i could thank all law enforcement and homeland security in san francisco. everyone. i was waiti

[♪] david: good evening, i'm david asman. lou dobbs has the night off. president trump standing tall for the american people, threatening to close the southern border and terminate any trade deals unless his border wall is funded. incoming white house chief of staff mick mulvaney says the radical dimm leaders are not even talking to the president. >> we need folks to talk to us. it strikes me as very unusual the democrats did not provide a counter offer to our last offer. they left town. where is chuck schumer and nancy pelosi. they are not even talking and we don't think they will until the next congress is sworn in. david: apparently nancy pelosi this hawaii. the man hurnt for an illegal immigrant who killed a california police officer has ended. he was caught as he was preparing to make his way back to mexico. his brother thanked law enforcement for their efforts in finding the cop killer. >> i would like to say thank you from the bottom of my heart. i wish i could thank all law enforcement and homeland security in san francisco. everyone. i was waiti

david: from bloomberg world headquarters in new york, i am david westin. welcome to balance of power, where the world of politics meets the world of business. york, on the fed. in brussels, on coming to terms with the italian budget. let's start on capitol hill. anna: it looks like the most likely scenario at this point is a stopgap measure that will get us to february 8. this has been added to the house schedule so we are expecting a vote on friday before the funding runs out. this will bring up the fight again, but it looks like the government will be ok for now. david: president trump said he would not do an extension. what changed his mind? anna: the math is not in his favor. there is no way he can get the wall funding through the senate. that will still be the case in february, and we will have a democratic majority in the house , but at least he will say it is not a unified republican government where the republicans control all the levers of the government. david: we will talk about the wall in a moment. away,d, we are not far 2:00 this afternoon. w