by harvard university and she'll give the commencement speech in a couple of. i'm phil gail welcome to the program rescuers in budapest say there is minimal chance of finding survivors after a tourist boat capsized and sank on the danube light on wednesday police have launched a criminal investigation the sightseeing vessel carrying more than 30 south korean tourists was hit by a large river cruise ship in bad weather 7 people have been confirmed dead. as day broke in budapest most of the passengers who had been aboard the mermaid were still missing authorities have located the boat on the river bed of the danube but they say it could take days to bring it to the surface. in seoul south korea's president announced they were sending a rapid response team to budapest. hungary your. government will work closely with the hungaroring government to investigate the cause of the accident for the child's correlated departments to do their best to support the victims and their families. the south korean travel agency which hired the boat apologized but also defended the

harvard university is awarding her its honorary doctorate of laws degree chancellor merkel has been on campus in cambridge massachusetts to receive on the university for its commitments commencement ceremony later she's due to give the commencement commencement speech in less than 4 hours and we'll bring you that lie. ahead about the joint washington bureau chief alexandra fall naaman outside harvard university welcome alexandra why did they choose the chancellor. the president of the university said in a statement when the announcement was made that a miracle is one of the most widely admired. and influential states people of our time that her leadership has done much to shave the course not only of her country but also the course of europe so these were very flattering words and so we also have to add that even more flattering was video that the university put together to announce some merkel as this year's commencement speaker let's have a look. well that's very dramatic i'd like one of those myself what is going to happen today. so at the moment the morning exercises this is the

university graduating class of 2019 you see the pictures there the ceremonies begun as soon as the chancellor gets up to speak we're going to listen and live it to that. ari and to talk more about this we have our chief political editor now with us here in our studio and over at harvard yard we have. phenomenal both of you with us thank you both i looked at her let's start with you what can we expect from the chancer speech today so will be very interesting to hear whether she's going to hold a rubber political speech german diplomats here told me not to expect too much of the political speech that she would rather talk about for personal life and i talked.

all right our correspondent alexander phenomena reporting there at the harvard university where the chancellor were speaking earlier in the afternoon alexander good to speak to you thank you. now some other stories making headlines around the world for the 2nd time this month thousands of university students in brazil are skipping classes to protest cuts in higher education spending earlier this month the president announced the government would freeze 30 percent of discretionary spending for public universities in the 2nd half of this year. afghan peace talks have ended in moscow with the taliban and afghan officials saying progress towards a cease fire has been made the taliban would not confirm whether it would participate in presidential elections russia is mediating between the factions as a jockey's with washington for influence in the country. and austria president. has named a constitutional judge good to be aligned as the country's interim chancellor the airline will lead a caretaker government until snap elections due in september austria's 1st female chancellor replaces conservative

university her advice to the graduating class was laced with indirect criticism of dollars. have a listen. tear their own waltz of ignorance and narrow mindedness on that one thing has to stay as it is. it was one of several standing ovations for the german chancellor during hurricane and speech she ended and began in english highly unusual for an american at such a major event. then gets awfully if we step out and embrace new beginnings everything is possible. for the normally cautious pragmatic politician this was a far reaching to do list she spoke of halting global warming eradicating starvation eliminating diseases giving people especially girls access to education and fighting the causes of displacement and forced migration and forced migration that's we can do all of that. the harvard commencement speech is by tradition inspirational setting the bar high for graduating students merkel urged them not to act impulsively but to take a moment to stop and think during laughter as well as applause. thank you all the nuns medical team to conjure up donald trump without menti

universities and merkel is not the 1st chancellor to hold the commencement speech here at harvard he is she's actually the force chance or so it was called right out in our home with schmidt and helmut kohl who were speaking here to the harvard graduates so it is sort of a tradition but of course we also have to have that the faculty at harvard is considered a rubber of liberal leaning and there are many here who really respect and admire merkel and who don't like donald trump. all right of course that's important to get to today to take note of alexander coming to you we heard alexander touched on the fact that the speech from markel this commencement address comes at a time where u.s. german relations certainly aren't at their highest point to tell us about the context of this. yes well certainly i mean there's a lot of contentious issues how to deal with china the u.s. being actually in what many already perceived to be the beginnings of a trade war in particular the issue of iran where the u.s. and sticky donald trump taking the united states out of the way that the deal that was

harvard university has awarded her its doctorate of laws degree. will oversee the the creature in a ceremony on campus in cambridge massachusetts is also due to give the university's commencement speech in less than 3 i will bring them to la. for us that will join d.w.b. washington bureau trees chief. outside harvard university welcome out xander why did they choose chancellor merkel. well we have to say that she is here among friends and many people who admire and respect her and when the announcement was made the president of the university said in a statement that angle on merkel is one of the most whites of the at my art and influential states people of all worth times that her leadership has done much to shape the course of her nation and the course so these were very flattering words even more flattering what studio the university put together to announce americal and this as this year's commencement speaker let's have a look at the speech. it's very hollywood for a woman who's become known for being understated to what's going to happen toda

harvard university doubling down on hedge funds. we want to you about what is now a contrarian bet, and compare the performance of other hedge funds, next. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. saying smartrsity money is now in hedge funds. the universe are its investment in hedge funds, which now total of $13 billion, according to university filings. joining us to talk about the investment strategy is peggy ,ollins, investing team leader and soon to be revealed as something else. harvard university has decided hedge funds are the place to be again. is that something to do with the market cycle? andhe person leading the dominant to comment on the story. since he has come on in 2016 from columbia's endowment, he has upped their investment in hedge funds, which too many is a contrarian stance. hedge funds have been beaten down for seven years for poor performance compared to the skyrocketing s&p, and for high fees as well. those 2/20 fees have come under scrutiny. on the other hand, we did speak

i am very surprised by harvard university especially given that this is from the law school at harvard i mean we're seeing in recent years how some of these top tier law schools like harvard are sort of going down and how they train their literature attorney students these students chose to become attorneys but they're feeling unsafe because a professor or a dean chose to take on a case the defense somebody who's alleged of a crime this is a man and his wife will have nothing to do with allegations of harvey weinstein so not only are we seeing a dangerous trend where innocent until proven guilty is off the books we're seeing a dangerous trend where anybody who does their job which is attorney is that have a right to represent that they're being punished they don't even have the right to employment anymore is absolutely unprecedented and should never happen again. and i will street has suffered the biggest selloff since the beginning of the year amid america's ongoing trade war with china after beijing ready to import taxes on $60000000000.00 worth of u.s. goods in response to fresh ter

a standing ovation there for chancellor angela merkel delivering the commencement address at harvard university for the graduating class of 2019 now the chancellor she gave a wide ranging speech she touched on her own personal history growing up in east germany which is in the fall of the wall and she outlined a lot of the challenges facing the world today and michelle is political editor with a with us to take a look at this speech your 1st impressions michelle are well on her scale that was a pretty gripping speech where she gave more of an insight than you saw into her kind of emotions and her thinking because she said that she sometimes the chancellor also has doubts that she wonders whether she's doing something because it's right or because it's possible and clearly that's also what she called on those students to think about particularly in relation to artificial intelligence and looking into the future she summarized quite well this explains that she she had as a message to those students but the 1st standing ovations that we saw when she said under point 3. looking at. the f

actually washington bureau chief alex had a phenomenon is outside of harvard university so welcome we expect today. so at the moment morning exercises a very great and exciting ceremony for a students and parents are underway with dean or outside where i'm standing i'm standing outside to hold the art and the morning exercises are taking place inside all 50 yards and then there is of course america the special guest here today the german chancellor who will be awarded an on there every degree and then she will be holding this year's commencement speech here at harvard and the president of the university said that she is one of the most widely admired and respected and influential states people of our time so these are very flattering words and even more flattering. the university put together to announce americal as this year's commencement speaker let's have a look at this video. it really feels like kind of coming soon to theaters near you about like a hollywood style teaser for a woman who's really known for being understated alexandra what can the graduates look forward to today.

german chancellor angela merkel delivering the commencement speech at harvard university earlier and on a reserved for the very few she was awarded an honorary doctor of law degree as well let's talk about the speech we have our chief political editor michelle or cooper with us here in a studio and alexander phenomenas at harvard where she's been listening in on the speech for us and i found out let's start with you give us your highlights from this commencement address from the chancellor. so me i think that angle merkel struck the right tone here and harvard was in the audience as you said listening to this speech watching the erection in the crowd people applauding laughing standing up for the chancellor and i think it was a very smart move to start talking about her personal life growing up in east germany seeing this berlin wall that limiting possibilities as a scientist and then the wall fell and everything was possible and she as she said in her speech and she even you know became chancellor of the united germany so that was something that really impressed to distance i talked

german chancellor angela merkel has given the commencement speech at harvard university she should. actually use them to tackle and challenges around the world and an urge graduates not to take for granted. and police and hungry have detained the captain of a cruise ship that featured a 2 of the boat on the danube 7 people are confirmed dead 21 others are still missing crews are gearing up to raise the boat from the bottom of the river flowing to the heart of the hunger in capital. and don't forget your normal news on the gorgeous. day or probably out with still access to all the latest news from around the world as well as push toward if occasions for any breaking me as you can also use the do you have to send us photos and videos. that up next business with just stay with us. the 1st. multinational companies are suing nation states. for damages worth billions. the lawsuit goes against national law. but they're made possible by free trade agreements should. be a risk to national sovereignty. sita t.t.f.n. called the power of the corporations. 45 minutes w. . their super shy men to

because i mean what do you think all americans objective was with a speech at harvard university politically here i mean she was responding to an invitation of course they invited her to want to give an all or every. degree and in the citation there they said that it was mainly for her role as an international figure and one he's brought people together i mean i think you are supposed to be hard to do with making a political statement somehow with respect to donald trump they said in particular they were impressed by angela merkel's can do attitude of we will sort out the refugee problem with all the difficulties they have they also praised some policies that she initially didn't really espouse like changing course on energy for instance the pullout from nuclear power something that angle of medical came has come around to rather than something she led the way on but they gave her the credit for all of that so she was making a speech i think it was sort of legacy speech you could call it we can see the angle america in have final term as chancellor she is and there was a lot of speculation w

that became clear on thursday when chancellor merkel received an honorary doctorate from harvard university in her speech she clearly distance to sell. from the nationalist and protectionist policies of president trump. for more i'm joined by chief political correspondent melinda crane melinda both sides emphasize the importance of the german american friendship but there are a major policy differences between these 2 countries on the how deep to the rift between washington and. the differences are very deep i'm not sure i would term this a rift at the moment but any one of these differences can become a. greater division just starting with the main topic on the agenda today namely iran you heard both sides saying as the report pointed out that their goals are the same the goals being to contain iran to stop iran from getting a nuclear weapon and to limit iran's ability to support terrorism or terrorists elsewhere and to produce a list take missiles but the main difference here is so great that it's very hard to see how you bridge it namely the europeans and germany amongst them want to kee

by harvard university children.

university in the united states thank you. and of course we'll bring you live coverage of the chancellor's hard command speech which is due to start in about a half hour. now to mexico where up to 40000 people estimated to have gone missing over the last decade and a half the high number of disappearances aspiring to violent drug cartels human trafficking and heavy migration through mexico the u.n. says many of the missing are children or adolescents don't do as much as being to meet a group of mothers who spend their days searching for their disappeared the children . why that man amedee now finally found her missing son. he disappeared without a trace 5 years ago at the milan family and in reality following me and on one day he was selling cell phone accessories as usual and he was just kidnapped at a gas station because my son was disappeared in the author already stood look for him i started my own search local police were no help she says but that was no surprise ordinary police officers are suspected of frequent collabor

university on thursday i'm going to medical took a swipe at the u.s. president and his protectionist policies without calling donald trump by name here's what the german chancellor said well dixon is most protectionism in trade conflicts jeopardize free international trade and thus the very foundations of our prosperity more than ever we must think and act multilaterally instead of unilaterally. start not soon the global rather than national. there's also that is it that sin is to shout out to it looking rather than isolationist. german chancellor angela merkel speaking there clifford let me come back to you with so much disruption and potential disruption in global supply chains it's not only companies in the united states and mexico and china or europe for that matter who are getting increasingly nervous yeah i think you know countries like vietnam which is profited from the u.s. china trade conflict even germany as we've just seen a lot of countries are going to be looking at this and thinking this is almost like an attack on the global supply chain

university on thursday and go america took a swipe at the u.s. president and his policies without calling donald trump out by name here's what the german chancellor said. but 6 in this most protectionism and trade conflicts jeopardize free international trade and us the very foundations of our prosperity more than ever we must think and act multilaterally instead of unilaterally. not soon lobel rather than national. this also is about sinister outward looking rather than isolationist. german chancellor i'm going to marital speaking there cliff let me come back to you the u.s. china trade dispute is the most prominent example of the of the shifts and policies that angle america is criticizing there do we see any progress in that u.s. china trade. i think i think we're seeing the opposite we're seeing a new tariffs now coming from china at the weekend it's going to 2 sides are entrenched in their position even more and i think this this move in mexico is going to throw things into even further confusion only back to you in frankfurt what are invest

university and she outlined a vision that was essentially diametrically opposed to trump's approach can pump a is visit in any way help improve relations between the 2 allies. unlikely indeed we have an absolute frontal clash between 2 very different ways of seeing the world and the main difference i think our report mentioned nationalism the main difference though is unilateralism the us is clearly in key areas and other ones on the agenda today relations with china and especially with the company while way relations on the north stream a gas pipeline between russia and germany again and again the us tired take is maximum pressure whereas the german approach as outlined by chancellor merkel is multilateral cooperation try to understand the other side's perspective these are true truly diametrically opposite visions and in fact it's very hard to see how they can be recreated inside simply by friendly words about the importance of transatlantic relations all right melinda crane thank you so much. now some of the other stories making news around the world high water and fast currents

joining us for more professor him montreux he teaches economics at harvard university professor good to see you know him yes farming crisis has been going on for quite some time now why has it not yet been addressed the letter that a number of reasons for this but let me just say that i think. it said in the g.d.p. is now when the us less and less than fifteen percent now it's not in the paddock the list of the governments are trying to drive growth for that up compared to other countries but also because the need to difficult it has seized agriculture has become much with a little bit because of the globalization of the economy that is that of production in the agriculture sector it seems it's become much more cash waste though so that means over the years have been have been not investing as much amount of money as it required for. which it seems to dramatically in the last twenty to thirty years so i think the combination of all these practices led to a situation that you can use today meanwhile that able to external shocks with their stocks as well as domestic internally and then

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is a hooverpeterson institution senior fellow and a professor of government at harvard university. laura toby is a researcher, a young researcher at stanford. ussman is aw professor of economics at the university of munich. host: we will get as many calls as we can. russell is in houston, texas. good morning. caller: good morning. thank you for taking my call. i grew up in the foster system in ohio, and i noticed -- i am in my 70's now, but i notice there has been a large increase in foster children. i wonder, is the institution doing anything to look at the problems that foster children have? frankly, that has not entered into much of the education research. that is in different areas and that is a little outside of my area. backgrounds,mily written large, are extraordinarily important to the future of children. host: that line for parents, mark is in norfolk, virginia. good morning. caller: good morning. i agree with a lot of your callers. sometimes, i think we overthink the obvious. the couple calls for me -- when he was talking about busing -- a lot of people think that may be

. >> martha: the law professor at harvard university who lost a prestigious position on campus after he joined harvey weinstein's legal team. is that right? coming up next. ♪ ♪ with moderate to severe ulceratiyour plans... crohn's, can change in minutes. your head wants to do one thing... but your gut says not today. if your current treatment isn't working... ask your doctor about entyvio®. entyvio® acts specifically in the gi tract, to prevent an excess of white blood cells from entering and causing damaging inflammation. entyvio® has helped many patients achieve long-term relief and remission. infusion and serious allergic reactions can happen during or after treatment. entyvio® may increase risk of infection, which can be serious. pml, a rare, serious, potentially fatal brain infection caused by a virus may be possible. tell your doctor if you have an infection experience frequent infections or have flu-like symptoms, or sores. liver problems can occur with entyvio®. ask your doctor about the only gi-focused biologic just for ulcerative colitis and crohn's. entyvio®. rel

like harvard university faculty and in some cases university of pennsylvania and elsewhere. with the faculty of some of these universities are actually helping big pharma get away with some of the major misconduct that they're getting away with so if you really want to get upset read my blog and learn what's happening read that book i got it all right well you've teed up the obvious 1st question why do drugs cost less in canada and elsewhere than they cost here it's mainly because they have very effective lobbyists and very effective contributions for political candidates to get elected so that they can protect their turf at the expense of other regulating countries so for example you can buy most pharmaceuticals much cheaper in canada in european countries in india south africa we are by far in most instances the most expensive but it isn't a matter of a few cents it's a matter of double and triple and quadruple the cost and in addition what happens is many of these drugs all though they have american companies listed as the seller other distributor were are made in foreign

she went to harvard university and to some obscure basketball frenetic school in virginia. [laughter] feel free to mention that. then she taught at some marvelous places like princeton and harvard. for eight years, she has been at the washington university of st. louis danforth center for

university. she reflected on germany's past, speaking of her formative years growing up in the shadow of the berlin wall. the chancellor reaffirmed her commitment to achieving climate neneutrality. earlier thisis year, s she r red an honorary d doctorate i in law from the university. she spoke about the relationship between germany and the u.s. let's listen to what she said a little bit eararlier at that commencemement addreress. >> [speaking german] >> that requires us not to described lies as truth and truth as lies. [cheers and applause] ; that received a standing ovation. -- sumi: that received a standing ovation. you can hear us. i don't think we can see you at the moment, but since you are there on the ground, give us first of all some of your impressions. alexandra: i think it was interesting, that we did not expect that the speech is going to be very political, but it was. merkel talked first of all from her personal life how she grew up in east germany and how she felt about the berlin w

he was a graduate from harvard university. he served as a federal prosecutor. he really has dedicated his life to public service. he is a creative, innovative are so manythere issues going on of the world -- there were so many issues to cover the universe. to have them here to have a discussion will be great. i promise you i will keep the discussion short and try to get as much time with you guys asking questions. have your questions ready. we met this to be an open format to understand what his priorities are and how he is thinking about it. nable.s jv ve he is back from a trip to romania. he is a retired f-16 pilot. he is one of our key defense analysts. what is great about getting our defense guys into some foreign policy stuff is day bring with them some strong military knowledge and they bring that into this world of foreign with thed particularly transatlantic committee and some of the issues, i thought it would be great for us to pick his brain while we are waiting for him. one of the questions i would ask it is a mccaul, and perfect question for j.v. as

plea for global trade to remain as open as possible when she delivered the commencement address at harvard university her speech to the graduating class there was laced with indirect criticism of american domestic trade and foreign policies tega own walts of ignorance in their own mind that this not the thing has to stay as it is. it was one of several standing ovations for the german chancellor during her keynote speech she ended and began in english highly unusual for under the makeover at such major events. then gets off if we step out and embrace new beginnings everything is possible. so the normally cautious pragmatic politician this was a far reaching to do list she spoke of halting global warming eradicating starvation eliminating diseases giving people especially girls access to education and fighting the causes of displacement and forced migration and forced migration that's how we can do all of that at. the harvard commencement speech is by tradition inspirational setting the bar high for graduating students merkle urged them not to act impulsively but to take a moment to stop an

university recently discovered that the magnetized anomalies on the cheek or on the cheeks and belly buttons of ten of eleven statues actually sort of align with each other meaning the all of the magnetic areas where the cheeks or the belly button and they're on almost all of these statues what this suggests is that the sculptors knew the areas where magnetic and purposely carved images to incorporate them and while we still don't know why those specific body parts were chosen it does signify a sort of ancient mezzo american belief in the power of the human body and the importance of the continuity of their ancestral history. school and that is really fascinating because i know that like china originally the idea of when we first discovered magnetism and all that was like in china were twenty twenty seven hundred years ago and this is fascinating to see them using and what would rocks and using magnetic and extraordinary someone to back them who are that is our show for you today remember everyone in this world we're not told that we're lucky enough so i tell you all i love. the top

university makeover flecked on germany's past speaking of her formative years growing up in the shadow of the berlin wall the chancellor reaffirmed her commitment to ensuring namely climate neutrality by the year 2050 now earlier she accepted and honorary doctorate in law from the university. about the relationship between germany and the us and let's listen to what she said a little bit earlier at that commencement address. that's. just been looting the vomit and then we've all had. that requires us not to destroy as truth and truth as long thank you thank you for that received a standing ovation that we have our chief political editor michelle a cafe with us and i think we have our correspondent alex hunter phenomenon who should be over at harvard yard she's been listening in alexandra you can hear us i don't think we can see you at the moment but since you're there on the ground give us 1st of all some of your impressions. so i think that it was quite interesting that we didn't expect that this speech is going to be very political but in a sort it was a political speech america was

a while back, he was recognized with a harvard university ig nobel prize. it's a parody of a real nobel prize. >> for inventing ca ining karao. >> reporter: and it brought inouye to america, to see firsthand, how his invention got the world to sing. ♪ i want to teach the world to cake in the conference room! showing 'em you're ready to be your own boss. that's the beauty of your smile. bring out the best in it with crest 3d white. crest removes 95% of surface stains... in just three days. >>> do you like cheese? some people like cheese so much, they go into the cheese business. and there's a boot camp in new york city that can teach you all about the basics. dana jacobson sat in on a class. >> the only thing we knew about making cheese was you make it from milk. that's the only thing we knew. >> reporter: christina and gordon were college students in jamaica when their love for imported artisan cheeses, turned from a passion to a purpose. >> i said, let's make cheese. she said yes. >> we had all this milk from the goats and cows. no one was doing anything