david jackson was married to barbara briton. her father harry disliked david. she went on to become the fifth wife of a man named michael wolf. they divorced and he later married two more times. now, finally, one of wolfs ex-wives was telling police she knew everything about what happened to david. >> can you tell me again. >> i know how he was killed and what they did with him. >> how did she know? according to her, michael drank a lot. >> every night he would almost down a whole bottle of scotch and i guess he just needed to talk. >> and the story wolf told according to the ex implicated more than just himself. here's what happened as nancy heard it. wolf and harry britton rented a motel room on that long ago july night. invited david to a meeting there. >> when he gets at the hotel. they have a very small conversation and michael shot david in the head. >> he said he had to get so drunk to do it. the first shot didn't kill him. he had to shoot him again. >> afterwards as nancy relayed the story. >> they took his car to the airport and left it there and then

david: and did you enjoy harvard business school? steve: no. david: did you want to drop out? steve: yes. david: you went out to raise a fund, and was that easy to do? steve: i sort of looked at that and went omg, we are going to fail. david: in 2007, you decide maybe you should take the firm public. steve: i took it public for a lot of different reasons. i had a sixth sense that something terrible was going to happen in the environment. >> would you fix your tie? david: well, people would not recognize me 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 had a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? before we get into blackstone, i would like to talk about a couple of other things. you grew up in a middle-class environment in philadelphia, and now you are one of the wealthiest men in the world, one of the biggest philanthropists in

david: two hours and -- ed: that was the first few miles. david: but you finished. ed: i finished. i'm here. david: did you have the delta ceo -- ed: i wore my delta colors loud and proud. raised $2 million for cancer research for children -- [applause] ed: thank you. i don't think i would be doing another one of those. i am still feeling the effects. david: i have not done a marathon. i would fly a marathon. i would fly 26 miles. [laughter] david: you have a pattern of meeting with employees fairly regularly. you call it the velvet program. can you explain what that is? ed: when we went through our hard times back in the bankruptcy era, we did not have a lot of cash. we didn't have anything. people were taking pay cuts. we decided the only way we would ever be successful again -- delta has a proud history -- was that we would have to reconnect with our people and get something to catch their attention. our people were downtrodden. years of pay cuts, job losses, and all the difficult things we remember from almost 20 years ago. so in downtown atlanta, there was an abandoned macy's

david: mishandled. [laughter] >> 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. 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: people say running an airline is not an easy thing to do. you have weather to deal with, energy prices, but you grew up in a family of nine children, so what is easier? [laughter] growing up in a family of nine children, or running an airline? ed: running an airline, certainly. our family was great. i am the oldest of nine. i was sharing with david earlier that when i was five years old, we already had six kids in the house, nine kids sharing three bedrooms. 1.5 baths. my dad was a dentist, he had his practice inside our house. and my mom worked

a defense expert testified the blood got on david's t-shirt very simply, when david reached in to the back seat to move his son, his shirt brushed against his daughter's hair. >> there were tiny droplets of blood on some of her hair around the wound so defense testimony was that was transfer from contact with the ends of the strands of hair. >> and then the timeline. the defense lawyer challenged the prosecution's theory that david snuck out in the middle of his basketball game, killed his family and then returned to play ball. the defense attorney focused on the phone call made from the camm house at 7:19 pm, when david said he was at the church gym. the state had tethered its timeline to that phone call. >> that was their smoking gun which they had a bunch of those and every time they have a smoking gun, we'd just unload it. >> the defense "unloaded" by calling a witness from verizon who testified that its timestamp was incorrect, because of indiana's jumbled time zones. >> so their 7:19 phone call actually was my 6:19 phone call. >> a call david made to a client before he left to p

david: what happened? hank: very early on, in the first meeting that i had with president bush at camp david, he got his economic team together, he wanted me to talk about entitlement reforms, that was one of the things that brought me to washington. i told him i wanted to talk about the financial crisis. i did not see one coming like we had, but i saw excesses, and i had seen them in 1994, 1998. i thought we were due for turbulence in the market. the whole discussion was about that. david: ultimately, the banking system came back and the financial system came back, but as you look at the system today, could something like that happen again? hank: i hate to say this, but we have less authorities today than we had then. ♪ ♪ david: lehman was on the verge of going bankrupt, and you did not have the authority to save lehman. i know everyone has asked you about that since then. in hindsight, is there anything you could have done differently? hank: boy, i tell you. i do not think there was. we tried everyth

[laughter] satya: says david rubetein. [laughter] david: right, right. satya: and i thought, "wow, ld maybe that's what i sho." and then somewhere along the line, i started talking to peopley and aid, "hey, why would you do that? you're in tech." and "you should ally come back." it was--it's an amazing time because windows nt, which eventually became our serv business and what have you, was just starting out. and equently went and did some combination of part-time and other courses, and actually finished my mba, which i find stunning... words. you were working, whand then on weekends.. you're commuting to the university of chicago. and that must've taken a lot of satya: it was crazy. in fact, i remember, see, tas this scheme i had concocted, which is you have to buy your plane tickets, right? and they're pretty exptrsive if you go ro. so, you would buy these overlapping tickets on the weekends, and i would sort of program them. so, that was the fira program i wrote,, was to say, "let me buy these overlapping tickets," and it worked out. david: yll couldn

david? david: mark very good to see you on saturday. so the trump adminitration received backlash when it introduced the remain in mexico program that mark just outlined but it seems to be doing what it was supposed to do, so what does that mean for our immigration plan moving forward? republican congresswoman from arizona, debbie lesko joins us now good to see you congresswoman. you know some of these stories are tragic. our heart goes out to people looking for a better life but the asylum rule was being abused or at least misused. people came here, they had one meeting with the judge and disappeared and they never come back for other meetings. president trump changed that and it appears to be working, right? >> well, i agree with you. i mean, the president's number one job in congress' number one job is protecting its own people , and i serve on both the immigration formation issues both on judiciary committee, and on homeland security committee, so i touch both sectors and boy, we had such a border crisis. as you said, people were us

>> exactly, david. with all due respect to the congressman who suggests maybe a long trial is in order. and the president seems to want that as well. in my view, i still have yet to see the basics in terms of a charge that would stand up. you reference the clintons impeachment. in that same impeachment proceeding, back in front of the congress, in front of the senate, senator robert bird disagreed that clinton should and could be charged. he actually moved to dismiss. it went to a vote. he didn't make it. but i think that the republicans, if they round up in this case, moving to dismiss, saying there are no crimes charged here. i think it would pass. i think this would go straight up. >> all the republicans. they need 51 republicans. that would give them the leeway of two. mitt romney may drop out. talk about the dumping down of the impeachment process. abuse of power, the main article in this impeachment is not a specific crime. a lot of people say it could be used against something that president trum

>> do you know david camm? >> no. >> you ever met david camm? >> no. >> do you remember the murder of david camm's family? >> on television, yes. >> do you know where david camm lives? >> only on television. i don't even know what his address is. >> reporter: the interrogation went on for some 12 hours with boney sticking to his story. the detectives released him with a warning. >> make no mistake about it, if anything else links you to it, you're done, stick a fork in you. >> now see that would normally worry me. i wasn't there. >> reporter: then, two weeks after letting boney walk, there was something else. something big. >> "early, uh, yesterday morning, i was notified of some uh additional scientific evidence, uh, that linked mr. boney to the, uh, to the homicides." >> reporter: the prosecutor revealed that a palm print found on the exterior passenger side of the bronco doorframe was left there by none other than charles boney. investigators had been aware of the palm print for more than four years but only now did they know whose it was. bo

david: you were the only child? john: i was. david: like myself. an only child. the advantage of being an only child is your parents put a lot of time and attention into you. was that a good thing for you? john: it was. they focused everything on me. they got divorced when i was three years old, so i had two different lifestyles. you know, my dad lived in a studio apartment, not far from downtown, and my mom lived in a large house in hyde park. and they were different political persuasions. my mom was republican, my dad was a democrat. so i learned to navigate two different worlds each and every week. david: you went to the university of chicago famous lab school, which is known for its k-12? john: it is a k to 12 school. i got there in ninth grade. it is a terrific place. david: in addition to academic pursuits, you were a basketball player? john: i was. david: you went to princeton, and you played basketball at princeton? john: i was very fortunate to play basketball at princeton for the hall of fame coach pete carril. he was a legend and somebody someone who r

david: what happened? hank: very early on, in the first meeting that i had with president bush at camp david, he got his economic team together, he wanted me to talk about entitlement reforms, that was one of the things that brought me to washington. i told him i wanted to talk about the financial crisis. i did not see one coming like we had, but i saw excesses, and i saw them in 1994, 1998. i thought we were due for turbulence in the market. the whole discussion was about that. david: ultimately, the banking system came back in the financial system came back, but as you look at the system today, could something like that happen again? hank: i hate to say this, but we have less authorities today than we had then. ♪ david: lehman was on the verge of going bankrupt, and you did not have the authority to save lehman. in hindsight, is there anything you could have done differently? hank: i do not think there was. we tried everything we could to get a buyer. lehman was a bigger problem than bear stearns becau

david: thanks so much. keyng up, warren buffett's investment deputies phone now deputies will now lead the second largest auto insurer viviana: to check out the charts -- auto insurer. to check out the charts and interact with us directly, head to tv . this is bloomberg. ♪ viviana: you are watching "bloomberg daybreak." in the run-up to christmas, tiffany's reporting a rebound in sales, a welcome develop it for french luxury conglomerate lvmh. it is acquiring the american brand for $16.2 billion. according to preliminary results, sales rising 1% to 3%. shoppers in china leading the growth. tiffany has been expanding in that market, with a revamp of a flagship store in shanghai. piracy monitoring group recap says it is concerned about the rise of maritime crime in the singapore strait. the group is urging law enforcement in the area to increase patrols. the latest incident happening christmas day, would officials say six unauthorized people were found in the engine room of a tanker. 30 incidents, inclu

david: two hours and -- ed: that was the first few miles. david: but you finish. ed: i finished. i wore my delta colors loud and proud. raised $2 million for cancer research. [applause] ed: thank you. i don't think i would be doing another one of those. i am still feeling the effects. david: i would fly a marathon. i would fly 26 miles. [laughter] david: you have a pattern of meeting with employees regularly. you call it the velvet program. can you explain what that is? ed: when we went through our hard times back in the bankruptcy era, we did not have a lot of cash. people were taking pay cuts. we decided the only way we would be successful again was that we would have to reconnect with our people and get something to catch their attention. our people were downtrodden. years of pay cuts, job losses, and all the difficult things we remember from almost 20 years ago. so in downtown atlanta, there was an abandoned macy's building and we decided to take out a couple of floors. i'm not sure we even paid for it. i think we just squatted. i don't even know if they knew we were in there

david: two hours and -- ed: that was the first few miles. david: but you did finish. ed: i finished. i wore my delta colors loud and proud. raised $2 million for cancer research. [applause] ed: thank you. i don't think i would be doing another one of those. i am still feeling the effects. david: i have not done a marathon. maybe i would fly a marathon. i would fly 26 miles. [laughter] david: you have a pattern of meeting with employees regularly. you call it the velvet program. can you explain what that is? ed: when we went through our hard times back in the bankruptcy era, we did not have a lot of cash. people were taking pay cuts. we decided the only way we would be successful again was that we would have to reconnect with our people and get something to catch their attention. our people were downtrodden. years of pay cuts, job losses, and all the difficult things we remember from almost 20 years ago. so in downtown atlanta, there was an abandoned macy's building and we decided to take out a couple of floors. i'm not sure we even paid for it. i think we just squatte

i'm david westin. for bloomberg first word news, we go to viviana hurtado. viviana: we begin with this new year's eve address. defendingxi jinping china system of running hong kong. it was an unusually high acknowledgment of the city's political turmoil. he argues the success of thehboring macau shows system can succeed. in kashmir, text messages services will be restored after a five-month-long communication lockdown. officials are concerned they will organize protests. also to be restored our broadband terrorist in government run hospitals. strikes are winding down. also today, french president emmanuel macron's traditional new year's speech. in south korea, the country's leadership is questioning a case involving the countries former justice minister. he faces bribery and obstruction of justice. a spokesperson for the south korean president says ahead of elections, the scandal is damaging the ruling party. global news 24 hours a day, on-air, and on quicktake by bloomberg, powered by more than 2700 j

david. david: thank you very much. coming up next, we've got the creator of a monthly subscription that sends dog toys and products straight to your door. his business is booming. people are spending major cash on their pooches. i want to know why they are spending so much, why is there a $77 billion trend in this business. we will be asking him coming next. ♪ ♪ ♪ ♪ everything your trip needs for everyone you love. expedia. you are my diamond. for the diamond in your life, get up to 40% off storewide or get these one of a kind deals at the "you are my diamond" event. exclusively at zales, the diamond store. at the "you are my diamond" event. [ drathis holiday... ahhhhh!!! -ahhhhh!!! a distant friend returns... elliott. you came back! and while lots of things have changed... wooooah! -woah! it's called the internet. some things haven't. get ready for a reunion 3 million light years in the making. woohoo! -yeah! david: this shouldn't surprise you. 67% of american households own a pet, but this may surprise you. t

david? david: coming up, we will be joined by isaac boltansky, compass points director of research to talk about policies headed into the new year. this is "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. we send into the new year with geopolitical uncertainty lingering. withwith the trade deal china and a pending ratification of the usmca. we welcome isaac boltansky, director of policy research at compass point research and trading. thank you for joining us. a lot of uncertainty. let's start with the big one. impeachment. what extent does the pending impeachment hangover the markets and business? isaac: impeachment bits within a broader narrative. there is going to be high drama inside the beltway but it has very little impact on the markets. let's start with impeachment. there is going to be a lot of political posturing. we still do not go -- we still do not know what the rules will look like. we do not know if t

david: what percentage of people lose luggage? ed: mishandled. david: mishandled. [laughter] >> 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. 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: people say running an airline is not easy to do, but you energy prices, grew up in a family of nine children, so what is easier? [laughter] ed: running an airline, certainly. our family was great. i am the oldest of nine. when i was five years old, we had six kids in the house, nine kids sharing three bedrooms. my dad was a dentist and had his practice inside our house. was he busy? ed: he must have had some guests. didn't get on airplane until i was 25. david: really? ed: we could not afford it. went on oneall we family trip that year. thead would get

david: carol? >> i will sue the nordstrom shoe department for making me by all the shoes i clearly do not need. unfortunately whether canada or the u.s., personal accountability and responsibility has gone out the window and i hope that is culture shift. >> there is a reason the casinos give you free drinks. they want you to gamble. every casino i go to says, no when to quit. >> absolutely. progressives, coming up with disclaimer, gambling leads to divorce, lack of job, everything else. look forward to see you soon. david: gamble, you do so at your own risk. see you next time. liz: we're looking forward and taking a look back as we jump into the new year. we show you where the left made their biggest mistakes. democrats, hurry up and wait impeachment. tonight the impeachment going off the rails. are the democrats making a big mistake by delaying impeachment? will it suck the oxygen out of the 2020 democrat primary season? will it keep all eyeballs focused on d.c.'s full throttle politics? as we've

david: so, where did you go? satya: i went to the university of wisconsin in miaukee for my cn puter-- that's wswitched from electrical engineering to computer science. david: but, you're in india, university of wisconsin-milwaukee can't be that well-known there, so, how did you happen to wind up there? satya: i had never been west of bombay, quite frankly, an mthen i showed up waukee. [laughter] david: did you have a winter coat or-- satya: ha!ryhat was my first alued possession in life, va winter coat, which y important. unfortunately, i picked up this bad habit of smoking in india, in college. and the one nice thingl bout going to sch milwaukee is you are a smoker, you have to go out in the winter and smoke. and that one winter in milwaukee cured me of my smoking habit. [laughter] david: wow. good. so, you got a job after you graduated, at n microsystems. and what was youjob there? satya: i was a software developer. david: ok. and then you got recruited to go to another company calledicrosoft. and that was in

david: final question. if somebody is watching or reading your book, and they want to be a leader in business or or government, what is the key quality to be a leader? what have you seen in your key quality? stephen: to be a leader, you have to be a good listener. you have to understand what is going on around you. you have to be measured and you have to realize that everything you do is amplified in the minds of the people who are listening to you. kindness, but defining a culture, is what a leader does. david: thank you for this time. stephen: thanks, david. ♪ ♪ viviana: coming up on "bloomberg best," the stories that shaped the week in business around the world. stocks reached record highs as the u.s. and china signal a trade deal. >> it seems to be suggesting both governments are on track for some kind of agreement. viviana: voters in hong kong deliver a message that is crystal clear. >> the people of hong kong talking about the biggest political issues. abigail: investors sift through data to get a

david: what happened? hank: very early on, in the first meeting that i had with president bush at camp david, he got his economic team together, he wanted me to talk about entitlement reforms, that was one of the things that brought me to washington. i told him i wanted to talk about the financial crisis. i did not see one coming like we had, but i told him i saw excesses, and i saw them in 1994, 1998. i thought we were due for turbulence in the market. the whole discussion was about that. david: ultimately, the banking system came back and the financial system came back, but as you look at the system today, could something like that happen again? hank: i hate to say this, but we have less authorities today than we had then. ♪ david: lehman was on the verge of going bankrupt, and you did not have at that time the authority to save lehman. i know everyone has asked about you since then, but in hindsight, is there anything you could have done differently? hank: i do not think there was. we tried everything

he sent david home in a cab. after reading deputy tart's report, detectives bartholomew and hopper knew they had to act fast. there could be clues still on highway 141. and surprises, too. the media people angie and marie saw hovering around the patrol cars they'd been placed in that awful may morning had no idea what had just happened in justin michael's bedroom middle of the night. the reporters knew only this -- they had been sent here because of a suspicious death. and it was related somehow to this house. then as they waited for somebody to tell them something, they got a tip. local reporter stephanie moore. >> we heard that sheriff deputies were walking the fields along highway 141. so that would be the highway you would take from des moines to go to grimes. and they were just walking these fields. and we asked them, are you looking for a body? no. are you looking for someone? no. are you looking for a weapon? we can't say. but the public is not in any danger. we think hat happened in grimes isn't related t

david: carol? >> i thought -- okay, well i had a few hairs that fell out of my head throughout the day that i have collected so if anybody would like them for $120,000, hit me up on twitter. give me a couple genuine -- i will not charge the extra $3.99 fee. >> do you know the things you could sell on-line? i've seen an article in magazines. >> this deserves to be mocked. this is a banana. this is not $120,000. this deserves to be mocked. i'm glad popeye's was doing it. it demonstrates what i consider the aesthetic vacuum of our age. david: john? >> i wouldn't pay 120,000 for it. david: that does it for bulls & bears. see you next time. elizabeth: the democrats impeachment case just got smaller. it's two articles now, obstruction and abuse of power, but no focus group on bribery charges. we reported to you last week the house intelligence report on impeachment barely discussed bribery. so first no collusion and now no bribery. this as swing states, moderate democrats are getting nervous, battlegroun

david: you went to harvard business school. steve: yes. david: did you enjoy it? steve: no. david: did you want to drop out? steve: yes. david: you went out to raise a fund, and was that easy to do? steve: i sort of looked at that and went omg, we are going to fail. david: in 2007, you decide maybe you should take the firm public. steve: i took it public for a lot of different reasons. i had a sixth sense that something terrible was going to happen in the environment. >> would you fix your tie? david: well, people would not recognize me 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 had a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? before we get into blackstone, i would like to talk about a couple of other things. you grew up in a middle-class environment in philadelphia, and now you are one of the wealthiest men in the world, one

david asman, it is yours. david: i'm david asman in for neil neil can cavuto. nancy pelosi is asking the house move ahead with impeachment. watch. >> the president abused his power for his own political event at the expense of our national security, sadly, but with confidence and humility, with allegiance to our founders, and a heart full of love for america, today i am asking our chairman to proceed with articles of impeachment. i commend our committee chairs and their members for their somber approach to actions i whh i wish the president had not made necessary. david: they ask them to move fast so the senate quote, can have a fair trial. edward lawrence with more. reporter: white house press secretary stephanie grisham says the democrats should be ashamed of themselves. house speaker nancy pelosi outlined in the statement that the house is protecting against threats foreign and domestic. she is saying that the house is protect the u.s. constitution. listen to her answer when she was asked if she hated the president? >> this is about the constitution of the u

i am david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, peggy collins from washington on when we will get the usmca replacement for nafta. rafael onn, therese the british election and alix steel on the surge in shares. let's start with peggy collins. what is going on with usmca? lawmakers are converging towards the vote at year end which is what they've been pushing for in the last few weeks. earlier we saw mexico agreed to some of the final changes that robert lighthizer was helping to arrange and away way the democrats would go for and nancy pelosi signing on yesterday. now we are barreling towards a vote which would finalize a deal that has had elements to it since last november. david: it looks like it is almost inevitable. what difference will it make for the u.s. economy? is this priced in? peggy: we did not see the markets move much. a lot of this is priced in in terms of the economy. what it is is a political win for trump be

david: david: thanks for joining us. i'm david asman. joining me is jonathan hoenig, zachary karabell, gary kaltbaum and liz peek. we're digesting donald trump's victory on election night, 2016, paul krugman famously said quote if the question is when markets will recover? a first pass answer is never, end quote. three years later, markets keep hitting all-time highs, with the dow today notching its 102nd record close since president trump was inaugurated. one bank of america strategist is even predicting a front-loaded 2020 where the s&p 500 could surge more than 5% by march. so gang, are you surprised as krugman that the markets have been doing so well? gary? >> well, look, he's only off by 10,000 dow points. [laughter] >> come on. david: yeah, give him a break. [laughter] >> the problem there was he put politics in front of sanity. you know, his hate in front of everything else. to make that comment, to try to scare the you know what out of people is just ridiculous. and unfortunately, he just believes a little bit more in the state t

david: two hours and -- ed: that was the first few miles. david: but you finished. ed: i finished. i'm here. david: did you have the delta ceo logo? ed: i wore my delta colors loud and proud. raised $2 million for cancer research for children -- [applause] ed: thank you. i don't think i would be doing another one of those. i am still feeling the effects. david: i have not done a marathon. i would fly a marathon. i would fly 26 miles. [laughter] david: you have a pattern of meeting with employees fairly regularly. you call it the velvet program. can you explain what that is? ed: when we went through our hard times back in the bankruptcy era, we did not have a lot of cash. we didn't have anything. people were taking pay cuts. we decided the only way we would ever be successful again -- delta has a proud history -- was that we would have to reconnect with our people and get something to catch their attention. our people were downtrodden. years of pay cuts, job losses, and all the difficult things we remember from almost 20 years ago. so in downtown atlanta, there was an abandoned macy

david: thank you. why the beverage industry could see above average sales growth next year, that's next in today's bottom line. bloomberg users can interact with the charts shown to, catch up on key analysis and save charts for future reference. this is bloomberg. ♪ ♪ viviana: you are watching "bloomberg daybreak." on monday tesla will start developing china built cars. it's a major milestone for the company. it's pushing to expand in the world's largest electric vehicle market. the first units were assembled at tesla's new shanghai plant. it's the first outside the u.s. the company has been granted an exemption from a 10% purchase tax. in china, industrial profits rebounding in november. that follows three months of decline, including a nearly 10% sump in october. it's another sign of stabilization for china's economy. a preliminary trade deal between washington and beijing early next year could help boost sentiment even further. hong kong traders cheering the news. they're pushing stocks to a fiv

david: what do you do for outside activities? this is a full-time job but do you have any time for anything else? ed: i love to golf. i don't get much time but i do enjoy that. we do serious work. we do hard work. i think it is important to not to take myself too seriously. it is a reminder to stay light on my feet. to remember the importance of given interaction. i did also run the new york marathon last year. david: in two hours? ed: that was the first few miles. i were my delta colors loud and proud. we rose money for cancer research. doingt think i will be another one of those. i am still feeling the effects. ed: you have a pattern of meeting with employees -- david: you have a pattern of meeting with employees. ed: why we went through our hard times, we did not have a lot of cash. people were actually taking pickups. we decided the only way we would ever be successful again was we would have to reconnect with our people. our people were downtrodden, years of pay losses. all of the difficult things we remembered from 20 years

david: welcome back. i'm david webb sitting in for the vacationing lou dobbs. some stories we are covering tonight. the fall foliage authorizing precision strikes on five facilities in iraq and syria. they belong to an iran any la shah in response to a rocket strike that killed an international airport can defense contractor. the man accused of attacking five orthodox jews during a hanukkah celebration in new york is facing hate crime charges. prosecutors say they found his journals that contain anti-semitic writings. joe biden announces he will comply if he's subpoenaed for testimony during impeachment trial of president trump. peter strzok claiming in a court filing that the justice department violated his free speech and privacy rights. strzok challenging the dismissal over his anti-trump texts and his reference to an insurance policy in the event donald trump was elected. joining us, tom fitton. we had this discussion a couple weeks ago. here we are. this sounds like a three-man play or two-man, one woman play. lisa page, peter strork deflecting, intliemg o

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i'm david westin. jeh johnson served as a secretary of homeland security under president obama. he was the principal legal architect of the obama administration's efforts to combat terrorism. we are pleased to have him back with us on balance of power for today's conversation in chief. ave us a little bit of summary of where we are in terms of our national security, homeland security. start with mexico. about theo talk border, but we have these murders of the drug cartels. what is going on with drug cartels? jeh: unfortunately and tragically, the murder of the u.s. citizens is a reflection of a larger wave of violence caused by these cartels that's been going on for some time now. it is correct to characterize it as a security issue for mexico and the united states. mexico is stretched when it comes to its own security. they have committed a lot to helping the trump administration with border security on our southern border, but the cartels ,epresent a much larger threat and they are probably the in th

david: thanhappen again. david: sidley now, who -- sidney powell who represents general michael flynn,. >> thank you. david: true that ig horowitz says that the origin. but he talks about fisa. in regard on a fbi lawyer who hated donald trump, he said it in e-mails, he doctors a fisa warrants that allowed the justice department to spy on carter page. was that politically motivated and illegal? >> it was illegal. nobody without specific testimony by someone can say the reasons they did it but, there are a lot of facts and circumstances that that surround that, not the least of which are the multiple text-messages. those would be things that a you're would consider in deciding the intents. we know he deliberately falsified an e-mail to change the meaning 180 degrees, changing from something did happen to something it not happen with respect to carter page, that is falsecasion of evidence, be o obstruction of justice. >> he is what i call a bean counter, if he did not see a document or having someone testify say

david: a lot of them are. its changed trust me as a former teacher i can tell you stories but that would take a lot more time than what we have. well you might like to have a drink or two to unwind after work but a new study says you could be putting that money to better use elsewhere. we'll tell you, what you can get , by going dry at least for a while, that's next. (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums step up, please. empty your pockets. looks like you're all set for that business trip. you've got your smartphone, laptop, your other smartphone... woman: is this all the devices you have? your tablet... seriously? smartwatch, your backup tablet, and... woman: anything else in your bag? ...whatever that is. (beeping) this isn't working. introducing samsung mobile workspace solutions. with the galaxy note10 with dex software, you can run your entire business on the one device that does it all. samsung business s

>> do you know david camm? >> no. >> you ever met david camm? >> no. >> do you remember the murder of david camm's family? >> on television, yes. >> do you know where david camm lives? >> only on television. i don't even know what his address is. >> the interrogation went on for some 12 hours with boney sticking to his story. the detectives released him with a warning. >> make no mistake about it, if anything else links you to it, you're done, stick a fork in you. >> now see that would normally worry me. i wasn't there. >> then, two weeks after letting boney walk, there was something else. something big. >> early yesterday morning, i was notified of some additional scientific evidence that linked mr. boney to the homicides. >> the prosecutor revealed that a palm print found on the exterior passenger side of the bronco door frame was left there by none other than charles boney. investigators had been aware of the palm print for more than four years. only now did they know whose it was. boney was hauled back into the interrogation room and the que

david: ok. jeffrey: and i think, you know,-- lookthg back, david, i thinlesson for everybody in any crisis is the people that move first in uncertainty, you know, that's how-- at least in that crisis, that's how you became safe. david: or call your mother if you can. jeffrey: exactly. vid: you inherited a very large industrial conglomerate, you could call it, maybe thomlargest industrial conerate. and then you began to reshape it and you sold things that were part of ge's history. je yeah, so if you just go back, we were really a conglomerate. so we went fronbc to pet insurance, jet engines, plastics. we were kind of a classic conglomerate. and i think--you know, in our business, a little bit different tn-- we're kind of in the permanent hold business, right. so at the end of the day, what i wanted to do was construct around the things we really viewed as being our core competencies as time goes on, where we can generate a good retu, where we could build competitive advantage. we were the bigges

david: so what happened? hank: very early on, in the first meeting i had with president bush at camp david, he got his economic team together, he wanted me to talk about entitlement reforms, that was one of the things that brought me to washington. i told him i wanted to talk about the financial crisis. i did not see one coming like we had, but i told him i saw excesses, and i saw them in 1994, 1998. i thought we were due for turbulence in the market. the whole discussion was about that. david: ultimately, the banking system came back and the financial system came back, but as you look at the system today, could something like that happen again? hank: i hate to say this, but we have less authorities today than we had then. ♪ david: lehman was on the verge of going bankrupt, and you did not have at that time the authority to save lehman. i know everyone has asked about you since then, but in hindsight, is there anything you could have done differently with respect to lehman? hank: boy, i tell, you, i do not

i'm david asman. joining me on the panel today, jonathan hoenig, liz peek, kevin kelly and john burnett. well, the president delivering a surprise new year's eve tweet, quote: i will be signing our very large and comprehensive phase one trade deal with china on january 17th. or 15th, excuse me. the ceremony will take place at the white house. high-level representatives of china will be present. at a later date, i will be going to to beijing where talks will begin on phase two. so the question for our panel, if the china trade issue is finally on the back burner, what impact is this going to have on the economy and the markets going into 2020, john? >> well, president trump said that we will never be a socialist country. he actually meant it. when you look at this past year, this has been the year of the working class. we've seen wages rise, we've seen, you know, first in terms of a robust job market where we now have more job openings that we have people seeking jobs, right? and we also have people th

david? david: thanks so much. coming up, keeping it legal. did president trump do something unlawful when he tweeted the name of his alleged whistleblower to his twitter followers, and doesn't matter? we ask our political panel, next. ons is "balance of power" bloomberg television and radio. ♪ bethe whistleblower ought to known and testify if they try to take out a sitting president. everyone in america has a right to face their accusers. why should the president be denied that constitutional right? david: that was congressman steve scalise defending president trump's naming of the alleged whistleblower whose complaint led to the impeachment. for their take, we welcome our political panel. shemar jeffries is a partner at lowenstein sandler, and down in washington, rachel boulevard, senior policy director at the senior policy institute. rachel, be honest. did you cringe when you saw the president reveal the name of the so-called was a blower? there are protections about this. the law says something. rachel: there are protections but there is

david: peter? peter: it's true this change in interest rate structure might have a slight easing effect. the primary purpose is to become more market oriented. they are trying to get away from this one year lending the rate that's the benchmark for all interest rates and move towards more of the people's bank of china acting more like the fed. using its control of reserves to influence the broad turn structure of interest rates. that's a big change for what still remains a command and control economy. it will be interesting to see how it happens. in the short term, yes, could be an easing. in the long term could introduce volume till lit. david: it's not just the interest rates. we also have opening up insurance with respect to futures trading. even at the end of the year investment banking in china they are trying to open up somewhat. make it more market driven. vincent: this is from the sources in asia tell me. this is a big move on the part of china to move the hub of asia, of financial markets

david? david: still ahead, president trump says he is imposing tariffs on steel exports on brazil and argentina and u.s. steel stop shoots up on the news. this is balance of power on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. time for the stock of the hour. shares of u.s. steel are up 4% after president trump announced he is reinstating tariff on steel and aluminum from brazil and argentina. good news for u.s. steel. kailey: u.s. steel and a number of other domestic steel producers. they all rallying off of this. the idea being tariffs on steel imports in brazil and argentina will boost a mystic steel prices. one analyst says they could go as high as 580 to $585, that is up 565. that is good for these guys. it is also not necessarily bad for brazilian steelmakers. they are also rising today because analysts say the u.s. is not that large of a market, it will not have that much of a financial impact. they export very little to the

david: thank you. amazon taking on president trump accusing him of pressures pentagon to giving to an amazon rival in a new federal filing, do they have a case? is he playing favorites? we have a guest morgan wright who knows about this stuff, he will join us next. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. cme group - quitting smoking is freaking hard.st, like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette masterpiece of italian design and performance...s and about 15 minutes for us to do this. blends right into the italian architecture. no, no, no, no, no. (

david: yes. and the other sense the cuyahoga is crooked in that it comes from the south around akron, but its source is actually a little bit to the north and well to the east of cleveland. it heads south and heads back north. >> we welcome our radio audience. our guest is david stradling. "where the river burned: carl stokes and the struggle to save cleveland." he is joining us from cleveland. mary is on the phone from peninsula, ohio. good morning. caller: good morning. i actually as a young girl learned how to swim within the cuyahoga river a little bit, in a small town called mantaway. i grew up along the river. and after you got past akron is where much of the pollution came. i am 58 years old, so this fire occurred in 1969 and i was literally 9 years old at the time, but it was all over the news. my father was a truck driver who hauled steel out of the flats there in cleveland, and at that point in time, you would not be -- the air pollution was so bad that you would not be able to see davi

i'm david westin. as we come back on air, spacex falcont launched its rocket, its 19 resupply mission for the international space station. it is taking millions of pounds of payload up there. it will have a four-week stay at the international space station and then will splash into the pacific ocean. if it goes according to plan, the first stage will reenter and land on a drone ship on the coast. that drone ship is called "i still love you." in the meantime, turning back to the u.s. and china. reportedly inching closer to a phase one trade deal despite the harsh rhetoric coming from both sides. democratic presidential front runners, elizabeth warren, sat down with joe weisenthal yesterday to talk about what trade policy would look like in a warrant administration. he asked whether she will lift the china tariffs on her first day in the white house. sen. warren: the president has no plan. >> what is the lisbon more and plan? part of it is to say we need an overall strategy on tariffs. is about terrorist