tv Charlie Rose Bloomberg November 2, 2016 7:00pm-8:01pm EDT
or go online to enroll in aarp medicarecomplete. ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin with fbi director james comey and the decision to come forward with information about a private server. some say he was in a dammed if he did and dammed if did not situation. it ever to mitigate the outrage, justice department officials said no further information will be released until the investigation is completed. the fbi director is being accused with partisanship and trying to interfere with the
election. president obama, through his spokesman, josh earnest, that he did not believe he had any intent to affect the election. joining me is two reporters he with me and the studio, with in the studio, molly ball, who covers u.s. politics for "the atlantic." canin, tell us what we expect to have happen between now and the election. whatn: what they have is they are calling thousands of potential hits, meaning the original meta-data that they are looking at indicates messages to or from the hillary clinton e-mail server, so they are now in the process of scanning through those actually e-mails, looking at the actual content of those e-mails, and seeing if they are gets of e-mails they have already seen, how many are duplicates, and how many are not duplicates, how many would essentially be new e-mails, and
whether or not any of that information is classified. most of the folks i talked to expect it to take weeks, in part because if you have just one e-mail that mentions something sensitive about foreign relations, that is going to take a bunch of people to look at and have a discussion about to determine if it is relevant. does that mean that there will not be anything released? there: people keep saying is an outside chance they could say something before the election. most of the people i talked to said they are skeptical that they will be able to pull that off, but there is some hope if allhat, for example, there are is duplicates, and they could figure that out quickly, they might be able to say something for election day. they do that?an with the donald trump campaign, saying if they do not do this, we could have an indictment of a sitting president. know, i thinkyou they will tell you they do not get to pick their schedule.
charlie: right. frankie,nd i think, there is no way to make it go faster without making it miss stuff, which, frankly, would only make the situation worse, so what a lot of people say is, look, it is very likely that the next president, if it is hillary clinton, could be sworn in while an investigation is ongoing and, frankly, while more than one investigation is ongoing. charlie: i am looking at "the " today, allost sides demand -- i underlined to this -- all sides demand details in e-mail probe. everybody, the hillary campaign, wantrump campaign, do they this released before? do they want the investigation not to extend past election day? guest: well, they want something
out there that gives some shape and direction to this. just said is that the avenue you could say in an initial scan of this material, is that most of all or some are duplicates, and, you know, we are going to proceed with a smaller slice of the pie to see if there is any relevance to classified material. that would at least narrow the scope and kind of gives some form to this. one of the biggest problems with this with the clinton campaign is they are dealing with a whole series of unknowns and hypothetical questions, which is, basically, the worst possible position for them to be in. they do not even know what they are fighting against, and you thought the campaign kind of flailing around yesterday, trying to draw equivalent the between this investigation and had nothat comey released information that might toentially tie other hacks
the russians in a timely fashion and saying that he had been behaving with a double standard. that is just a hair away from accusing him of partisan bias, which other democrats are doing. that kind of back and forth does not really help. and the clinton campaign, from their perspective, the campaign just has to kind of gut it out for a few days and hope that they have greater information. on the republican side, this is heaven, and ifrom think this benefits their side of the argument, because they can fill in the blanks of a lot of things that may be true, but no one knows whether they are or not. molly, will it have an impact, or has it already had an impact? you have to start with what has happened is far. so far, has it had an impact? hard to know,
because we cannot predict the future, but there is already a tightening before this dropped, and it is obviously to the trump campaign's benefit that this paints a cloud of suspicion that hangs over hillary clinton, wherever she goes, whatever she does, that she has this baggage. that is something his supporters already believe, but the clinton campaign might believe that she had sought to supporters, particularly the republicans and conservative-leading findrump -- t who who find trump unacceptable, this might have cut into her margin. a are still confident she will win based on her ground game in battleground states and based on the advantage she already built up and the fact that so many millions of people have already voted, but i do not see a waiver this is beneficial to her. i suppose it could galvanize her
supporters. id, trying to make this look like a partisan attack, rather than having but thebout her, amazing thing about this story is how little anybody knows. charlie: exactly. molly: nobody knows. the trump campaign does not know what is on that laptop. the clinton campaign does not know what is on that laptop. the fbi does not know what is on that laptop, and even huma a not know what is on that laptop. i have not had the privilege of asking anthony weiner. guest: and normally, it takes weeks to pull off. obviously, they will put a lot of resources and manpower into this, but anything they do quickly is going to be a real heavy lift for them, and i do not think anybody has a good
grasp of what is going on. my latest information was, the term of the people inside the fbi is "potential hit," and even that tells you the sort of unkno wability. charlie: what does that mean? guest: the people handling the separate investigation were looking at the metadata, which is the to's and froms. and what they saw was e-mail going from huma's account, huma account, going to the clinton e-mail server. that is a big flag, but they do not know what those things are, because their original search did not let them look at the content, so what they have begun doing now, now that they have a rant for that information is they will scan the content. they will take the was that they
think they need to have a human eye go through, and they will parent goes up with what they have seen in other parts of the investigation. someone was telling me this can be as calm located as, well, we have already looked at five e-mails in a chain, but this e-mail has the sixth response to those five, and it is that level of down in the weeds granularity that they have to sort through. charlie: and how many are they looking at? test: the whole laptop i am told has 650 thousand e-mails on it, but they are worried about a theler amount, that have metadata that seem to touch the clinton server. to the political pros that you know, including yourself, see an electoral pathway for donald trump? anne: he has the same extraordinarily improbable one that he had last week before this happened. there are mathematical scenarios
under which he could piece together an electoral college victory, but they have been unlikely for weeks now, and until this happened, all of the momentum was away from any of those implausible scenarios becoming more plausible. charlie: but now? anne: now? if he picks up florida and ohio and north carolina, he certainly of the beginnings, at least, a plausible chance. i would call it a plausible chance. again, those are the three biggest prizes among be battleground states on the map as we see it now. eithernlikely that candidate is going to pick up all three, it were he to do so, yes, he could still piece together a win. charlie: either candidate is going to pick up from what i understand, he is behind in north carolina but ahead in ohio and florida. the florida number is very much in dispute. the clinton campaign disputes
the washington post/abc poll, the tracking poll, that showed donald trump up by one, but certainly the direction that clinton' is believe there has been eroding, and it is essentially a tie there in florida. molly: it is still the case that in those three big states, trump has to win all of the other states, including places he has fallen further behind him, like colorado, and then he asked to pull states that have not been swing states in the past, like arizona, and hillary clinton is campaigning this week to perhaps the strategy last week to play off it very aggressively, but it does me that given the strength that she has in campaign organization, given the number of his surrogates that she is able to send out to the country that trump does not have, because there are so many republicans unwilling to campaign with or for him, she is able to sort of blitz all of these states at once, while he and mike pence, his running
mate, can hit a smaller number of targets, so we have trump doing multiple events a day. both candidates are doing multiple events in florida in the next couple of days, signaling the importance of that state, but if hillary clinton wins florida, it is pretty much all over, and even if she does not, she can probably piece together a win, but for trump, it is florida or bust. he probably has to win pennsylvania, and he is down by a lot in pennsylvania. a state where his campaign really thought he could make a lot more headway, and it just has not been happening because the makeup of the population, there does seem to be a population of pennsylvania democrats who are willing to cross the line and vote for trump, but they seem to be outweighed by the number of pennsylvania republicans, or chicken really republican women in the suburbs of philadelphia, who have been alienated by him and are going in the other direction. charlie: the impact of the obama
care debate and conversation, is that having a -- can we somehow find a way to detect whether that is influencing voters, or is it simply confirming the feelings of people who have already committed to one way or another? interesting.very i know a lot of sad republicans this year, what might have been republicans, if they had had someone at the top of the ticket who had been able to drive home a consistent and policy-based message on something like obamacare so that the latest bad news of obamacare would feed into a message they had already established. instead, we do have donald trump now talking about it somewhat, but also sort of betraying the fact that he doesn't really understand what obamacare is on occasion. but giving a speech about obama care, trying to put this before the electorate, and it just seems to be at this late date, with so many people having already voted, so much noise out scandals, so many
developers, i think it is hard to break through, even with an issue as significant as that. should weo what expect -- all of you, what should we expect in the last week to go? they will barnstorm around the states. dramatic things happening? molly: there are a lot of dramatic things happening. charlie: what beyond the e-mail situation? thingsthere are a lot of coming out, although seemingly small border, there are stories coming out in the last day about potentially lins to russia, the whole "access hollywood" tape, and it is hard to remember that that was just in the last few weeks, but controversies that i think would have consumed months in the campaign and debt being blitz in the radar because we have seen so many rapidfire developers, that i think the most important and dramatic thing happening is that people are voting. so much of this election is
already over. in a lot of states, almost half of the electorate by election day. charlie: knowing how well each candidate is doing. molly: they are very difficult tea leaves to read. goodlinton campaign sees prospects in a lot of states, where they have a strong position, but they are not doing and in states like iowa ohio, where you have popular republican governors who have their own machines, who are able to drive out the vote even without donald trump, because donald trump did not build much of an organization on his own, so with republicans in iowa and ohio. florida is very mixed. the democratic vote looks strong, and it now looks like more of a tie, so we political reporters sound like broken records every four years talking about florida, but, once again, it seems that florida -- charlie: could the popular vote
go one way and the electoral vote go another way? molly: i do not think so, based on hillary clinton's strength in the electoral college. stephens, from your paper, he basically said now he has flouted justice department protocols about using authority to interview or affect with the election, all to protect his position and reputation. that is rather harsh criticism. are you seeing a lot of that coming from sources you might have expected? does that have an impact? is the fbi being tainted? are there long-term consequences of this? i really think there are, and you hear in politics all of the time that investigations heard politicians, because it is just a cloud that hangs over them. i think you are seeing a very
interesting dynamic now, which is that this might also hang over the agency doing the investigating. i mean, this is causing some real toxicity and distrust within the fbi. i have written about this a few times now in terms of internal disagreements about how to handle clinton issues within the doj, and this only accentuates and aggravates that, and to your question, are other people in law enforcement concerned about the way james comey has handled this, and the answer is absolutely. in fact, so much so that some of the people that believe that the clinton investigations have been held back by the higher ups still think, even though they believe that, they still think the director was wrong to handle it the way he handled it, because it is too far outside of the norms and the process, and at the end of the day, what they say at the doj is that the process protects us because we are going to get criticized anyway. now, weird tv getting in the process, and that makes people nervous.
now, we are getting away from the process, and that makes people nervous. charlie: eric holder. it was said he had no intent to affect the elections. one thing you hear is that everybody agrees that james comey is an honorable and a fair person. i think what this shows is he is not afraid to put a big that on the table. that may org bet may not prove to be the right move. it is not clear yet if the rest of the government will end up agreeing with him on that point. i think there is a lot of consternation within the justice department right now about what he has done, and i think there is a lot of consternation in the congress about what he has done, and those are two areas that he ultimately answers to, and that would can interesting dynamic to see how it plays out. imagine if this does not pan
and executive editor at random house. his latest book, "destiny and power: the american odyssey of wasge herbert walker bush," published in paperback earlier this month. he has also commented historically, entering into insights in the campaign, and his editorial in "the new york times" traces the current situation with the right and george bush in the late 1980's. i am pleased to welcome you back to the table. lose, what happens to the republican party? having noted that it was people in opposition that you wrote about. in: there is a moment october 1990, where cnn does a split screen of george bush walking out to announce the budget deal that broke the no new taxes pledge, and on the other side of the screen was newt gingrich walking out of the door, and that was the partisanship bronco chase. he knew the firestorm
it would create. jon: yes. charlie: he knew how powerful that had been for him, and he knew that the economy was in trouble. jon: yes. charlie: but he somehow -- he saw -- did he know he was signing -- jon: yes. he knew that he would be dead meat. but he believes, and this is to my mind what redeems george bush -- like all great political -- thelie: explained to audience what the decision was that he made. jon: in 1990, we used to care about the deficit back in the day. there was an enormous deficit. there was a great sense of import we'll decline, the rise and fall of great power is. there was very much a moment that we believe that deficit spending was costing us our power. a strongly democratic
congress, george mitchell running the senate, tom foley running the house, jim sasser running the budget committee in the senate, very tough guys, and he was facing enormous pressure rostenkowski, from ways and means. power.d been out of ronald reagan had fun eventually shifted american politics in the summer of 1981 i passing kemp -roth. and the democrats had been chasing that to get that back up through the decade. bush had very little political capital. he had run on the "read my lips." he had been an uncomfortable convert to supply-side economics. his was not domestic policy but foreign policy. so, and in june
1990, feeling the pressure, he agreed to excise taxes on cigarettes, has. charlie: consumption taxes. jon: exactly. here is what happens. the right wing, ultimately led by newt gingrich, they bolted on their president, which totally throws bush off. bush was and is the best of party soldiers in many ways. charlie: and a former party chairman. the democrats, after new gingrich bolted, they sensed weakness, so what had not been part of the original compromise, which was to raise marginal income tax rates, so the republican rebellion exacerbated the result, the policy result, and bush did for it forever. i suspect in many ways the 1992 day,ion was lost on that with a bigd that --
assist from ross perot. in many ways, the 20th century ended early. clinton understood the new world, the world we were living in. .e understood cable tv he understood the intersection of celebrity and politics. so there is a line between all of that and what is happening now.trump what i find so moving about president bush, and it is not nostalgic. it is not sentimental. like all great politicians, he made significant compromises in the pursuit of power. he opposed the 1964 civil rights act when he ran for texas, but then he votes for fair housing when he is actually in power. he runs a tough campaign against michael dukakis, but he gets in and tries to govern from the center. the clean air act, the americans with disabilities act, and it was rooted totally in fair play, the bush sense that everyone
deserves equal chance. it is almost impossible to climatein the current with far-reaching legislation like that originating in the republican party, and yet, this was 25 years ago. charlie: you make a good point that in 1990 two, that victory by bill clinton was the end of the 20th century. jon: president bush sat alone that night at the hotel. mrs. bush was asleep. he got up. he could not sleep. he went into the living room, and he turns on his tape recorder, his diary, and says, people say i am out of touch. i am, but,ught obviously, i am out of touch, because people just elected a draft dodger, and for him, it was the elemental question of service, military service. it was a defining one. sununu torom john
you. bush nurtures the collapse of the soviet union. he kicks them out of kuwait, and he loses. mitterand loses. moroni loses in canada. the japanese prime minister loses. the australia prime minister loses. inramatic shift occurs international affairs. jon: the governor is right. it was a sense of an order changing. jon: exactly. charlie: and how it shaped the world. how fast it happens. look at the summer of 1945. winston churchill was given the order of the boot, as he put it in his memoirs. after six years of harrowing experience and a standoff against hitler's, i was dismissed by the british people from any conduct of their
affairs. and his wife said it was a blessing in disguise. jon: exactly. this is important, this question, because i actually believe that george herbert walker bush has more in common, ,ulturally and temperamentally with the founding fathers than he does with current politicians, born into a part of society were public service was expected of you. this is not to make him st. george or put him in a powdered wig, but one of the things i think we have to do in our business is if you see virtues worth commemorating and emulating in the public square, you are not serving any end i cynically-- by overlooking them. you should commend them and try to emulate them. he has said he is
voting for hillary clinton. jon: he has privately said that. i think he will. charlie: he will vote for hillary clinton? jon: yes. that donald trump would not put the country first. what he wants to be judged on in his own legacy is with someone put the country first, and i believe that he would see in someone of consuming narcissism who would be dangerous to the republic. charlie: you have written a biography about thomas jefferson and andrew jackson, and now this. in interesting thing, too, all of them, i think had this often in- bush, politics, believed that the ends justify be means. he played politics, and he chose people who were the roughest of the rough. roger ailes, his media advisor. jon: lee atwater.
thing and your a book, lee atwater proposed donald trump as a possible running mate. trump have been having conversations. atwater goes to bush and says that trump is willing to be considered, and he says andange, unbelievable," moves on from it. again, note st. george here. he knew how to fight. he knew how to win. charlie: or he had some videos do it for him. jon: but it is all on him. charlie: in his name. the it is his name on ballot. it is his name in the history books, and it is one of the things of his life that makes fascinating.
his mother said do not use the first person pronoun. do not talk about how well you did. talk about how well the team did. ," had a nickname of "half because he would have half a candy bar. -- as early,nning the first reported moment is in mrs. bush a proxy is diary, which he very generously let me read. published after his death, but he gave you remission. you are, and i said, not going anywhere. the only condition on the project, and this says a lot, the condition was he would talk to me as much as he wanted, and he would give me his presidential diary am of the vice presidential diary, and he had no right of review. bush, aalized that mrs. woman who had been an observer and participant of the highest levels of politics for 60 years -- had no reservation
of expressing her opinion. jon: exactly. it would have been a graphical malpractice not to have gone. charlie: did she say, let me think about it? jon: there was some thinking. [laughs] when bush said that that she gave the diary -- charlie: with some distance between us and the time of the iraqi war. jon: conduct thereof. charlie: conduct thereof. jon: he supported something. he supported it because he thought, my son has backs that i no longer see -- has facts that i no longer see. jon: i believe it is more than that.
itrlie: or that he looked at and said he should not allow the factions to continue? jon: whenever, he had been in this movie before. charlie: one of his achievements. jon: one of the myths is that george herbert walker bush was d natural scent, who happened to who happened to be president. when you actually go inside, the from 1990m august 2 until 1990 one, what you find -- in fact, i was so struck about this because there is a whole chapter of this -- george herbert walker bush was willing to be impeached and to unilaterally exert american military force to remove saddam from kuwait even in the face of
an active negative from the congress. he made up his mind that this was the thing to do, and that sounds -- if i described it to you but did not say which one, you would say, oh, that was w. it was the father. the father was more hawkish than the son. he had one conversation at camp david in 2001, 2002, and president bush 41 made a note and said, "you made the right decision," and i do not think -- it is impossible to say what would president george h w bush have done on the day after the attacks of september 11, but i will say this. the reflexive mythology that he opposed the ground war is not true. i do not believe it. charlie: what we learned in the interim time, because everyone, wascially maureen dowd, fixated on it. jon: yes, with the shakespearean dynamic and brilliant at it.
son.ie: the father and to read.s wonderful all i can say is my search of the documents, my interviews suggest that no one -- this is an important point on this. how to protect them, from friends of ours who are quite aged and used to hold great power in foreign policy. let you think about that. all of the way to people who have explicitly criticized the second iraq war and used 41 as ram againstttering 43. none of those people, none were able to say to me, george herbert walker bush told me this. not one person, not one document. not one. charlie: to say that his son made a mistake? witness.e is not one
not one. and i went to them all. he criticizes him. he never said it to colin powell or anybody like that. and dick cheney became vice ,resident of the united states influential. not friend, donald rumsfeld, became secretary of defense in his son's administration. line, the winghe of the butterfly that creates the hurricane. been confirmedad in march of 1989 as secretary of cheney would have stayed in the house leadership. newt gingrich would not have gone into the house leadership. that rebellion might have been quelled. is historyd such made by the president of the united states.
barack obama, he is leaving office in january. one of the people he has expressed admiration for with policy and temperament, george herbert walker bush. and i interviewed him for it. course, president obama speaks in camera-ready paragraph, and i think -- one final note that tells you about the two. 2012, 2013, when obama was particularly unpopular in texas, bush years from the secret service, his agents, that the president is coming. he asks the agents to drive him out to the airport, to greet air force one. come down the steps to say hello. makes sure that "the houston chronicle" is told that the reason he wanted to do it is that the president of the united states comes to her town, you pay your respects.
fragrance. what was it like growing up? had a high barr for all of us. charlie: there were nine? the first, and i was boy, so my father had the idea of me going to harvard or being a doctor, exceeding in whatever i did. i thought i would never be able expectations,his so i did what i could to prove to him that i could be successful, but i did not realize i was dyslexic until later on in life. charlie: howlett? tommy: i was in my 20's. charlie: so you did not know why you could not read like everyone else. tommy: exactly. i had trouble in school, and my brothers and sisters who were not far from me age wise were doing very well. their grades were really at the top of the class, and i was at
the bottom, so my father thought that i was not really focusing, paying attention, or caring, ann, in reality, it was inability to read, and i decided i had to do something, so my friends and i cobbled together some money, $150 each, and we opened a small shop in l myra, newyork, -- in elmira, york. charlie: and you later went into aggressive. was my mba.and that i learned how to focus on the business part of the business. fun,g creative is a lot of and it uses a different part of your mind, but you really balance the creative with the business acumen -- charlie: and without the business, you have no time for the creativity. the business will not succeed. tommy: you need both. charlie: i think of someone like
laurent, who had business partners who took care of the business, and you had to do both. had to do both, and then i found a backer, mohan murjani, who owned vanderbilt the time, very popular in the 1980's. me and a couple of guys, silas droll, and ience had a partner. we four created the tommy .ilfiger corporation charlie: what did you have? tommy: lawrence had experience,
and joel had experience running businesses. how established was the brand at that time? tommy: it was known after the campaign.s ad it was not globally known or nationally known. i really believe that surrounding myself with the the rightners was idea, because each one of the partners contributed something major. charlie: what made the branding by george lois brilliant? he showed the colors. colors, butowed the he compared my name to other big names in the industry, and i was not yet known, so ralph lauren, calvin klein. margin, anda wide that a certain to audacity.
these guys have brilliant, very lucrative businesses, and he is just starting. tommy: exactly. it was george lois' genius.' had a brandyou before you had a reputation and before you had a product of significance. tommy: yes. charlie: so then you had to go and say, how do i make the product as good as the brand? but then you had -- had a great team. it is like having a brand, and we worked together for many, many years. we took it public, made licensing deals, expanded publicly. we did all of the things that were necessary in building a global lifestyle brand. so in building it, what were the most important things that helped you? products, market advertising. we wanted to sell everyone.
a premium product. we began in men's and then went to women's and children's, but we wanted to be a lifestyle brand. charlie: were you copying ralph lauren at all? at times, we could be accused of copying ralph lauren, but i did not want to copy ralph lauren, because i wanted to be younger, cooler, more irreverent. charlie: more hip. yes.: ralph was more british, aristocratic. i wanted to be looser, more laid back, hipper, more relaxed. charlie: and then there was a photograph that made you the hippest with snoop dogg. tommy: he was on television wearing one of my jerseys with the name, red, white, and blue, and so all of these street kids picked up on it. charlie: it was a cool thing to
do, the same way it is with sneakers. they had to have your clothes, and it was like lighting a fire under the brand, and then came the controversy. this nasty, little rumors started. tommy: that is right. said i do notyou want black people to wear my clothes, andmy that you said it on oprah or that you set it to her. they said i set it on oprah and that she kicked me off the show, but i had never been on "oprah" up to that point. charlie: you were for that show? even: no, i was not scheduled at that point, and she said, look, tommy, i know you, what kind of person you are. willon the show, and we dispel the rumor, and she told
the audience this is a big, fat lie. it was. ridiculous. i think it subsided a little bit, but then i heard from jewish friends that in the synagogue, they are saying he is anti-semitic, and then i found friends thatatino we hear you do not like hispanics, and then i heard from filipino people that i did not like filipinos, and i heard from my gay friends that i did not and all of a sudden, this rumor got out of control, but in reality, it was all created from someone who might have been jealous, someone who wanted to ignite it. it was ayou think competitor, don't you? tommy: a lot of people think so. i do not know. charlie: what is the business today? global lifestyle, owned by pvh.
phillips-van heusen. we took it private in 2006 and sold it again in 2013. 2012. charlie: and what did your father live to know? tommy: he saw us take the company public. charlie: so he knew his son was a success. tommy: we made amends. did it yoursaid you way. i wanted you to be a doctor or lawyer, but you did something that was a huge success. all was good. tommy: all was good. charlie: and you now give him credit because he infused in you the will to be something, to be motivated. tommy: i think the motivation is really important, because lots of people can have dreams and ideas, but if they are not
motivated to really, really push the ball forward, they may turn around at the first obstacle. part of so you think the success and part of the essence of "american dreamer" is you can have dreams but you have to pursue them 24/7. are you a good businessman? tommy: i think i am a good businessman. is a good businessman, and i have learned a lot. there are some who went on to invest in michael kors. and laurence droll. .nd also joel horowitz i surround myself with geniuses. had to vanilla to get a sense of where the street is, and i mean not sort of the urban
street -- have you had a chance to get a sense of where the street is? and i mean not the sort of urban street but where social media is? savvye who may not be as as your business success would suggest. we know what that means. it's a very good point, because a lot of businesses get stale. went to the business to slow or to stall or to get stale, so i continually think of what is next, and i love technology. i love taking that next step. i love taking risks, and i love really, really pushing the , so i think wed are at the forefront of changing the paradigm in the fashion business. i think tommy hilfiger, the
company, my incredible team, and i are looking at really changing the rules in the entire industry , and we recently proved that changing the rules could happen in a very positive way. charlie: what rules are you changing? ago, charlie, they had fashion shows, shows in february, showing the fall fashions, and they would ship the clothing into the stores the following september. the pope would wait. they would go into the stores they would clothes have seen on the runway in february. we decided to put the clothes on the runway on not only useful models but social media stars and create what we called instant fashion, buy now, wear n ow. charlie:gigi hadid. tommy: so they could click and buy, him easily, so they can
wear it at night. immediate gratification is what these millennials want. do it thet want to traditional way. i wanted to be a disruptor. i wanted to change the paradigm. charlie: i read something, and i have it here. -- challenges abound, many premium brands, amonging tommy hilfiger them, who have experienced stalled growth. to t.j. maxx or marshals, and you will find ralph lauren and tommy hilfiger shirts on close-out bins. saying is yes, that is true, and i had to change my business model and my means of reaching my consumers. you hit it on the nose. i saw that happening, and i
said, ok, we have to change. ofcannot be in this sea mediocrity, so to speak, and we said, how do we do it? we needed to invest, and the has done anpvh, who amazing job, who also works with calvin klein and other businesses, said, ok, guys, go for it. to do, and ourd global ceo at avery baker, average rating officer said, ok, we do have to do something out of the box. haveon't we do what we been talking about? why don't we do this open to the wear now fashion extravaganza quester it takes a lot, changing manufacturing, getting everyone in the company to change their ways, so we really turned it around very quickly. it took us about a year. charlie: how long do you want to
do this? you have got how many kids? tommy: 7, 5 of my own and two step kids. i love my life. i love waking up in the morning and doing what i do, because every day is different. every day is exciting. we are always thinking of something new. we are taking the show on the road. we are opening stores all over the road -- world. charlie: there is still a need for brick and mortar. yes, but new pain are opening a store in london this spring. charlie: how will that be different? tommy: it will not be with wax and shelving full of clothing. see enormousnd screens, and you can click and buy, or you can walk up to the screen, touch the screen -- charlie: why would i come to the store when i can do it at home? tommy: it is an experience. "american dreamer: my
>> he said, what do i do with this money? i said, investing it is about assigning the right use for the money. i did not want to go to college. -- i hadaha, i thought $175,000. i thought that was all i wouldn't need. >> when you had your first annual meeting, how many showed up at that? any advice to a young investor who would like to emulate you? >> would you fix your tie, please. >> most people would not recognize me if my tie was not fixed.