tv Charlie Rose Bloomberg March 1, 2017 6:00pm-7:01pm EST
are proving difficult. also joining me is a special correspondent of vanity fair and the author of the a provocative book. i note that we are this program before donald trump addresses congress later this evening. you mentioned that the republicans are in a corner with obama care. politicallya moderate health law that took ideas from the right and the left and said that it would expand coverage in a market-based way. it was to the right of bill clinton and richard nixon. if you want to expand health insurance coverage, it is hard to do it him a way that is more in a wayive -- do it
conservative than obama care. otherre trying to keep proving to bet is difficult, but they are struggling right now. mp'shat is magical about tru promises? >> he has said the coverage would be better and cheaper and economists like to say that there are no such thing as a free lunch and that you cannot cover everything and have everything be cheaper. about thestions health care system. neither trump or the republicans
have ever said they would cut taxes, raise benefits, they just pretend they can have it all. when they were not governing, they can do that. they are now in charge and the republican governors are interesting to watch, because they have to watch states. they say they do not want a lot of citizens being thrown off of health insurance and these are thesions that health republicans are trying to solve. many of these ideas promised by the trump administration prior and after the inauguration, lots of great promises and the market believes it. what can we expect with the market realities? to theave gone back
evening of the election, when it looked like trump would and did win and everybody thought the market would go downhill. many people think it is remarkable that the opposite is happening and the market is approaching 21,000. reaction, imagine the if the market have fallen to 14,000. donald trump has gotten mileage out of the fact that the market has risen quickly and we are talking about this trump bump. the question is when does this when will people come to terms with the fact that the trend does not go to heaven. , --bama care goods repealed
, whatmacare gets repealed if he cannot get the tax cuts he talked about and repatriate the trillions of dollars from overseas. governing isity of against promises made, people are going to say that they need to rethink the stock market here. >> what are the limits of reality and economic progress on the trump agenda? towe should have skepticism the idea that the market reacts to trump either way. we have had a stock market boom during obama's presidency. whend the markets rising people thought hillary clinton would be elected.
gyration andinor things have gone back to booming. it is possible that the market boom could end, if his agenda succeeds or it could end, even if -- we give too much credit and blame for the economy. bush's't herbert walker a recession in the early 1990's. you skeptical? >> the basic notion that the way to grow is cutting taxes and having regulation, there is not evidence one way or the other. reagan did up when it and it was very weak under
george w. bush and growth was faster with bill clinton. is a't think that this primary or significant driver of growth and i think these are more unrelated. >> if nothing matters, what matters? >> long-term, there is no question that education matters and i don't think anything matters as much in the long-term. i think we know that the federal reserve is really important and i think the odds are relatively i worry that we could see some signs of success and this is not a great way to avoid the financial crisis.
david?ou agree with >> i don't want to disagree, but i will. i think that the tone matters and that some of the policies matter. if you increase the corporate know, the market because earnings have gone up. that expectation the tax rates will be cut, the corporate tax rates, it looks like it is something that people are excited about and i think that is part of the reason why the market has gone up. if you deregulate, the paige
swings. the clinton administration took off glass-steagall and it made a free-for-all. >> it opened up the commercial banking business. under the surfer congressman who was the chairman of the fcc, all sense of regulation was taken off and it was like wall street was on the wrong side of the road with the ferrari and a whiskey bottle. we got into a huge financial crisis. area of toon an much regulation and too much sand thrown into the ventricles of this beautiful machine. there needs to be a bargain with wall street's where there is an
agreement that they will reform the incentive systems so they are not just rewarded for doing risk with other people's money. you are literally asking for a financial crisis and i think that, if we do not marry a grand bargain with the regulation, you are virtually guaranteed a financial crisis. ratio isbt to gdp rather incredible and we have gotten used to it. at 70%. that, we were how does the budget deficits factor? over thes a sword trump administration. is he has been talking about
the national that going to 27 trillion and we will look more like greece then japan. and we had eight wars seem to have low interest rates is saying they are comfortable with our ratio, but something will have to give and you cannot give away all of the toys for free. >> are the republicans willing to go further on this deficit to get some of the agenda passed? the number one priority is and my guessates
is that this will continue. spot andin a tricky health care has to come before taxes. and they cannot get their and you saw them and this will be interesting for them to watch. do they come and get to taxes. -- two taxes? i think republicans will agree to a deal and substantially increase the deficit. there is a lot of republican agreement with that idea. >> this is a catechism of the republican economic platform,
which is deficit reduction in reducing it. it doesn't like matter. it is mind-boggling to me. >> what is the argument? >> the americans are not that and id about the deficits don't think they are crazy to be focusing on the other issues. rise in this is more serious than the deficit. i do not think there is a huge political price to pay. the question is how voters react when they see the voters react and i don't know what the answer i am confident they will
run on this. people whoe a lot of voted for donald trump and they had grievances about where the economy was heading. for the people who care about what is in their pocketbook, what should they be paying attention to? >> they should pay attention to how donald trump deregulate's , and howet, business he unleashes the power of our economic engine and allows the capital to flow to small businesses that are needed and this is the single best way, i who areat people concerned about the way they are treated will get the greatest benefit when the economic engine
plays properly. >> for the people who do not care who david is or what he says, what should they focus on? >> i think you are right to be angry about how the economy has been handled. i think that they should care about health insurance. where,o back to a system if you don't get your job, you don't have insurance, we're talking about bankruptcy. i would say to look at the local school district and that nothing affects long-term growth like muchtion and there is so with the week to week stuff in washington. this will affect the quality of your child's life long-term. >> always a pleasure.
with much more in a new book. what is the field for us? we are just a few weeks away from the start of the tournament. is it a wide-open race? becoming moret is that way. i think it is more open this year. yearve the top teams this and any of us can be defeated and it has been proven. there are 16 teams that could win this year. >> is there a reason why? players maked done talented, in that they may be untouchable and that
they are really talented and the older team can get them sometimes and it creates a balance. when john wooden was there, they were getting these guys and they were staying for four years. there is a good balance right now. didhat seems to be what you last year. how do you develop that? there is a basketball team that nothing fails like success. edge? you keep this >> it is the greatest challenge that faces us this year. the expectations and the outside distractions were addressed immediately and we talked about this and we hold our hands to
say a prayer. that is an hour after the game. you are on the court and you get back into the locker room with your team and you hold hands to say a prayer and you say that you want to make sure that this importantt the most thing in your life. you want to take what you learn and make sure that you do other things in life, based on all the characteristics used to do this. we were starting on the fact that how you handled this is the important part going forward. everybody will talk to us about repetition and winning a championship.
we have to have the mental discipline to focus on the work no one willay and .e talking about that that is our challenge this year. >> have you done that with exercise? >> at times, we have all slipped. , ourch one of the losses confidence got to us and we were leading in the second half of all of them. the confidence became a negative. finished those, on the nextocusing possession to make it the best possession. when you slip, you are
vulnerable. we are human. we slip. it doesn't make us bad. but, you admit it and you learn from it. >> there is an interesting line where you say that you thought you were better than you were. how did you find out how good you were and who you were? think about that young player who was editor that he was. all think about what we team and the the culture that is around that and there is a time where i thought the knew what to do and
withss every day is getting better. you goht up to us and back to being honest and assessing your will rule and you can always recover. >> how does the winning attitude handle the negative emotions we all have? they are all present for everyone. what do you think about those emotions, when they start? >> the most important part of our program is attitude. and we reminddle
ourselves that we are andonsible for our efforts they are basketball players and he tried to teach on the course an porton to us -- as important to us as what you use the next play. >> same idea. how do you apply that to everyday life? >> we chart and we practice every day and there are attitude points. over, then the ball
other team gets a point. if you make a face, that is another point for the other team. we monitor how you react. if you make a three and you celebrate, we want you to take any energy and do not give it to the crowd. give it to the team. we want you to say that you need to get a stop on the next play. >> does it apply in a corporate setting? commitment touing the core values of the organization and valuing commitment to one another and how you respond to success. hungry anderm,
humble. we have to respond with a positive attitude. people who may not be having numeric success, but you see the approach and you trust that they will get carried to big success later. is a game of creativity and motion. how do you keep that going and still have discipline. it seems like there is a value in being explosive -- expressive. creativity that comes with a free mind and asked waits are most successful when the mind is clear. what the attitude gives you is a slear mind to make decision
that are not affected by what you did previously. in the championship game, we have a lead going down the stretch and we blew the lead and we were up and called timeout. a basketball way, the only way to screw up is to give up a three. we gave it up on an incredible shot. and theycame back said, attitude. attitude. they said, going to the next play with a clear mind. i was not sure that chris jenkins would make the shot, but i was proud of the clarity with their minds and i knew that they
were not going to be affected by a fear of failure. >> who has more influence in the locker room? you or the smartphone? good.t is i like to get to the point where the most sway is the seniors. .t takes a lot of work >> to you say they cannot use their phones? >> oh yeah. we will take their phones and we have a place where they put the phones and the managers keep them. no one all of the concentration -- we want all of the concentration on each other. even listening to music by yourself, we don't do that. we want them to be connected. get the game is over, they
it and they are on it. want to the concentration to be on the game. >> are there players you will not recruit and why not. >> there are a lot of players and there are a lot of players who do not want us. we want somebody who will thrive in this quote sure. i went to the final four and vets those players and explain to them what the coach or was. i know what is successful in and, that is on me.
>> even for the coaches and the players. >> it is built around the money necessary to support the ncaa. how do you feel about this? >> it is something we discussed with our players. there is a lot of things with the commercialization and the publicity that you get. you are trying to teach values of humility and hard work and you are trying to not be about yourself and others. all of that goes against what you are teaching and we talk about that. ofget to play in front 20,000 people and we travel with the charter planes and stay in the best hotels. if not for all of this, we would
not be there. our main goal is to get our degree and be the best players you can be. we have to separate those. >> you have mentioned that you have had rapp caught -- rap concerts. said, what does this have to do with asked to ball? >> this is a part of the sport now. how do you want to do it? do you want to fight it? if you fight it, you are not going to get -- we have a saying. andrs play to the crowd players play for the teammates. there, everything is
about playing for your teammates or coaches. we do not want anybody pointing to their back. that is commercialization. media and, we do the that is part of the game. >> should the players get paid? >> in college, i don't think so. we have a unique system of amateur athletics and our guys get a great education. as long as we are held responsible for educating them, we should not pay them. if we are responsible to educate 100% education a rate. everybody gets the degree on time. giving them an education that is worth $300,000 and preparing
them for the real world, with all of the travel, the food, everything, i think it is fair. >> they have a tremendous commitment with the hours spent, the practice. they are not hanging out and having a great time in college and they have to live a disciplined life. >> i disagree with that. they put in a lot of time and they get the best training. everybody who plays at villanova is either going to play in the .ba or in europe we have a part of the program where we commit to them after they play professionally and, when they start thinking about retiring, we get internships set up for them. that is our commitment. if we are not doing that, they should be paid. they're not getting the value.
>> they average family since through the commercials and counts the dollars says that these players should be paid. it seems like that public opinion is heading that way. >> i agree. i think there are few players on and add a lot of the value. goy should be allowed to right out of high school. i think the mba does a good job -league. dele college, you should be committed 3 years and you wouldn't have the guys get so and the schools
would get the same amount of money and the professionals would get paid what they are worth. it would be a more fair system. >> we know that the attendance and ratings are not great. what needs to change? >> you are talking about a lot and content on television you have so many games on and i , when you see the tournament and the passion for that event, when it starts to fade, if it isn't what it is to
our country, something is wrong with college basketball. you can watch them get great following and i think that we solve that we have certain guys who should be professionals and are stuck going to college because of the rule. >> who are you as a coach and how have you changed? this greattching i would some things and think, why would he do this? i have all of these ideas. years later, i am doing some of the same things and understanding -- and i did not justd -- that is
his decision and the culture dictates the decisions. coach, if your values are clear, the decisions thatasier and i have found i have to define how i am going motto will what the be and how we will live as men.es, players, and as >> you are ok? >> i am a refined version of my father. >> championship or bust this year?
>> not at all. we have to be the best team we can possibly be and that has always been a goal. we want to be the best we can be and take on every challenge and we did. the year before, we did. and weoud of our guys give the effort we can. winning mindset on and off of the court. thank you for talking with us.
>> good evening. i am filling in for charlie rose. our guest is the ambassador to the united arab emirates per russia. this consists of a letter of personal correspondences to his voice forng to find a modern islam in this world. i am pleased to have him at this table. what was the origin of the on?ters to your s >> it goes back to when i was going through a phase of asking
many questions and not finding answers in our culture and you couldn't pose them. when i noticed was that the situation had not changed and that the process was happening in my older son and my younger wouldd i decided that i make a best effort to sort of put up a framework to explain how those answers could come about. >> was there a literary example in your mind? that my initial original marks and the version was much longer. they said, you should think about addressing concerns here and i thought that this was everything began
read this andd i i am pleased with the way the language has broken down. >> is this the way that you talked to him? >> yes. i think that it is important to explain things in a fairly simple manner and i was taught things and the presentation should be easy. -- >> now, i admire you for having a 14-year-old who would read this and i want you to tell me with the most important message was that you wanted to get across. and is a complicated time
there are some who want to say that this is a clash of civilizations and others who would like to see coexistence and reform be possible. what is your message? personals a message of responsibility. clash ofn talk about a civilizations and between civilizations, but i think that there is a clash within our community and it is kind of wayslizing in the kinds of that we have discussed issues and there is a tremendous amount that is kept under wraps and in private homes and so on. feedbackceived some
from young muslims and they say thank you for breaking a sort of taboo in speaking about these issues and i think it is very important and i want to demonstrate that these are all choices that the society may and that we need to legitimize a population that lives in fear. fearat is your greatest for your 16-year-old in the islamic world that has been given to extremism. do you worry that he will be surrounded by people who have been radicalized and worry about his susceptibility? >> not particularly worried about him. there was a moment where i was worried that he was serious in
the wrong ideas. >> which ones? >> for example, there was a time where he got a copy of a biography of osama bin laden and he thought that he had a point. this is an important issue and it takes me back to september 11 and the events of september 11. they were tragic, evil, and a crime. as arabs and muslims, even if we think we have been victims, we should not repay this with crime . it makes a nonsense of our ethical system. my son dropped the idea and moved on, but is representative of a category of man or woman who may look at certain actors within our world and say that these are hero like and that
they made a big sacrifice. i want to transform the negative energy. islam do you believe that is more resistant to liberalization with the appreciation of diversity that you argued for in the book? >> i think that this is a cultural representation and that systems andiarchal this is a heartland of islam and transmittedlanguage and i think that, if you look more broadly, what happens will transmit to the islamic world. if you look at the clerical
structures within the islamic andd, it is very top-down will these are people who study the saying of the profits and that there is a certain point where you cannot challenge and part of the magic is that teach young men knowledge and it empowers them and it is creating a large group of people who have to submit to the authorities and i try to say that more knowledge is within reach of anybody and what kind of religion do we have, if we have to study the religious text to come up with a
moral position? have ahat i do not religious background, but i believe that i have the right to engage in a moral discussion. the answer was negative. they said i do not have the expertise and must not. >> i know that you are in moscow. view do you see america's of islam moving, given the presidential election? muslimve witnessed the ban and i thought it was interesting. i think that this is a set of values that is embodied in a constitutional system that seems to be working. >> we are testing it.
>> isn't that where we prove that it is existing? we have told the world for a geniushat america is and this demonstrates the practical outcomes of that genius and i think it is important for us to observe. i do not take it personal approach of the seven countries, but it surprised me and a number of others that there was an expectation that we could get v was an easily and that element of surprise. >> where do you see the trump with moscow?n are you puzzled?
view is that the relationship has been exaggerated and has become a political football. >> to you mean that the tensions have been exaggerated question mark >> the supposedly relationship between trump and the russians. yes. much inability to see where the administration is going, the russians will probably behave in a way where they do not expect anything from the americans. >> what was the reaction of your son? >> great pride. day. reading 15 pages a
thatad up some chapters upset him. i have asked him to read the book in the next few weeks. >> tell us the story of your dad. >> my father was a wonderful man who was very smart and he was giving sermons and he had already become a communist. time in iraq tried to get -- trying to get some education. finally, he was in the soviet union and he married my mother there. and is why am half russian half erati.
he was killed in a terrorist .ncidents in abu dobby what makes it doubly tragic is that it was an accidental killing. the person beside him was the intended target. >> the effect of losing him question mark >> i don't want to feel sorry for myself, but it is something i will carry with me until the end of my life. my relationship to my father's passing had affected my children and i notice that with my nieces and my nephews. i said that we need to put an and make a stand and say that the incident from 40 years ago should not cripple our children. it makes me empathize tremendously with victims of violence, whether it is religious, political, domestic.
i think it is important to stand and pushback against a theology of violence. >> let me ask you to read the closing note. >> thank you very much. in ending these letters to you, i want you to promise yourself that you will always maintain your dignity, your individuality, and your independence of mind. if you can do this, you can see life for what it is and what it can be. you will decide your own path. also assert the dignity and independence of mind in others. you will create a space for them to rise to the challenge to live up to the highest standards. now, go in right your own lessons. letters to as muslim.
♪ >> a rate hike is even more likely this month. another official sees a positive picture at home and abroad. >> asia-pacific markets pick up the rally after the dow topped 21,000. the nikkei could see up 14 month high. >> australia looks to build a strong gdp figure with strong numbers in the next half hour. >> snapchat valued at $20 billion after pricing shares above the range. it is the biggest social media ipo since twitter. >> a good day