schultz discusses how the left wing and right wing in the 1960's were influenced by 2 friends from opposite ends of the political spectrum, conservative william buckley and liberal norman mailer. throughout the 1960's, in public and in their writings, they debated america's political affairs, including vietnam, civil rights, and of the cold war. scholz describes their political differences and close relationships in his book, "buckley and mailer: the difficult friendship that shaped the 1960's." this is part of a day long summit at grand valley state in, grand rapids michigan. >> good morning everyone. i am program manager of the common ground initiative. i am pleased to usher in our first session and introduce our first speaker. >> at the risk of sounding too cheerful, i must say that beginning with friendship kicks off the possibility of common ground between progressives and conservatives. it does seem unlikely that the buckley-mailer relationship has an equivalent today. seeing as we have historians and public intellectuals such as our speaker writing eloquently and persuasivel

stories. i will share a couple of them with you. one is that the viking was a craze in the 1880's and 1890's. so, bikes come first, then automobiles. and they overlap a little bit, but bicycles really paved the way, literally, to better roads in the u.s. so, bikers formed clubs and groups and they go out in their spare time, and the bike across the countryside, and they realized that the roads in the 1880's leave something to be desired. so they form good road clubs. that eventually developed into highway systems and paved roads, so that comes out of bicycling. -- that comes out of biking. it is also these bikes that are innovation from the earlier version, which was the high wheel bicycle, where the rider basically sits on top of one big wheel with a small supporting wheel. those were ridden by men, mostly for sport and mostly to test themselves. and to test bicycles. when these come along, it really opens up biking to both men and women. that is a another one of the important stories we tell here is this was a moment in the 1880's, 1890's, where middle-class women are starting to em

that caused conflict. the 1950's of the united states are the eisenhower years. these are the years in which represent a high point, that the only high point, but a high point for the cold war. speaking about the cold war and thinking about the united states, it is worth bearing in mind that the legacy, the history of the cold war was one of much of america's 20th century. the only time american forces actually fought soviet forces was not during the time you think of the cold war, 1945 through 1947 or 1948, running up to 1989, because the cold war actually begin in 1917. indeed, much of eisenhower's life over the army which served with him and the american political society was framed by the fact that america was one of the coalition of powers that went to war with the communist and the russians, that the idea that russia represented communism or a compulsion, represented in ideological challenge to the united states and the challenge of american interests begins in the late 1910's. in many respects, what we call the cold war is in part the direct. the brown told me about his posit

beginning of the 70's which they would deny the crime the united states had done. that is when american soldiers were fighting with communists. let's look back at the cold war. it starts and characterizes the second world war as an interlude, an interlude that is formative for american history, but an interlude and what happens in the late 1940's is the resumption of usual services, the resumption of conflict and tension between the soviet union and the united states, and the eisenhower generation, that was their way of thinking about it. americans went into the russian civil war as part of the 14 nation coalition. the great powers, the powers in particular that fought germany in world war i regarded the war with russia bolsheviks, that they regarded this as a continuation of world war i. they knew lenin had been encouraged, they put them on the train that went to st. petersburg. in many senses, western forces allied with a treaty in 1918 and was a background for the german attack on the western front in 1918, the new agreement. some people with geopolitical thinkers, strategic thinkers

conservative advocacy group organized in the late 1930's. c-span tv interviewed mulloy in providence, rhode island. this is about 10 minutes. >> what is the john birch society? prof. mulloy: the john birch society is a political organization formed in 1958 in indianapolis, and has headquarters in massachusetts. it was very prominent in the 1960's in particular. >> what was the purpose behind the society? prof. mulloy: they were an anti-communist organization. they opposed and feared that communism would subvert the united states. globally, they opposed collectivism of all times, so they were opposed to many manifestations of the welfare state. they opposed what they saw as excessive governmental interference in the economy. in foreign policy, they wanted the united states to take a more active role in trying to win the cold war, to defeat communism in cuba, vietnam, those cons of places. >> who was john birch? prof. mulloy: he was an american missionary and a soldier who was killed at the end of the second world war in china. the president of the john birch society discovered his sto

doing. one of his great achievements was to give movement from the early 1960's up until the 1990's, by which time he had semi retired, more confidence than i think they otherwise would have had. that there really was a conservative movement, and that , ifeally was moving imperfectly. years, aeen in recent lot of doubts about whether the conservative movement still exists anymore. some doubt whether it even deserves to exist anymore, whether it has destroyed itself. but there have been people all along who have said things like that. one of the things rusher stood for most prominently and was, the belief that we conservatives all have to and be together and keep being together. thatost obvious cliche comes to mind, and others have memorably, is to not let the perfect be the enemy of the good. not miss the forest for the trees. most are not the innovating or exciting messages, but it is very important to have a few people at or near the top of the conservative movement's leadership who believe in and preach these things, and who asked people and their fellow activists and conservative in

introduction of equal rights amendment in the 1970's. c-span's american history tv interviewed ms. griffis at the meeting of american historians in providence, rhode island. this is about 15 minutes. >> chelsea griffis, for those who have forgotten or never knew, what is the equal rights amendment? ms. griffis: a failed constitutional amendment that would have legally fought equality for men and women, regardless of sex. it was originally introduced in 1923 by alice paul. people might know her from the national woman's party, a radical suffrage group. during the 1910's especially, she brought it forth to greater stabilize political equality between men and women. for the 1920's, it was something unfathomable to most people. it was brought up again between the 1920's and 1970's, but never really got much credit. it did not go farther than any congressional committees. to a lot ofthanks work in the house and senate, it got brought up for ratification in 1972 to be sent to the states, yes or no, do we want this added to the u.s. constitution? >> how have you focused your research? gr

the case. in the 1790's there was senator pierce butler from ireland. and as we will learn tomorrow, gallaton from switzerland. thehe mid 19th century, in senate there was benjamin, peter david, and karl surs, all of whom were immigrants. in the 20th century we saw robert wagner, s.i.haikawa, rudy bosh witz and mel more teen why he's serving in the senate. and this is only the skimming easy names off the top. it would be too difficult to house members which simply run out of time. 1790, 10% of congress was foreign-born. 1880's, 8% of congress was foreign born. today it's down to 2%. central to the notion of the nation of immigrants has been refugeerica has been a of the oppressed. have been of course, proud of this. and this is part reflected by nickname of the two great entrees to the united states, island and angel island were known as the golden time that they were active and in subsequent history since. for this. good reason whatever else we may say in aspects of some american culture and american society, the golden door is an enormous amount of economic opportunity as well as

immigration matters is simply too big to count. this has always been the case. in the 1790's, there was senator pierce butler from ireland. and as we will learn tomorrow, senator albert gallatin from switzerland. in the mid 19th century, in the senate there was judah benjamin, peter soule, david, and carl schurz, all of whom were immigrants. in the 20th century we saw robert wagner, s.i. hayakawa, rudy boschwitz and mel martinez serving in the senate. and this is only the skimming the easy names off the top. it would be too difficult to list all the house members which simply run out of time. in 1790, 10% of congress was foreign-born. in the mid 1880's, 8% of congress was foreign born. today it's down to 2%. central to the notion of the nation of immigrants has been that america has been a refuge of the oppressed. americans, of course, have been proud of this. and this is part reflected by the nickname of the two great entrees to the united states, both ellis island and angel island were known as the golden door at the time that they were active and in subsequent history since. there is

recovering a little bit after friday's selloff. we ended up 100 points. dow looking by 22, s&p by 3, and nasdaq up by 3 as well. lauren: $45, 45 cents a barrel. down 1%. terrific month of april of 20%. now we have some profit-taking going on. gold about $7 to 12.95 an ounce. cheryl: just in time for driving season. puerto rico's government will not make 370 million-dollar bond payment after failing to restructure or finding political resolution of debt crisis. lawsuit from creditors and should be showing us what's going to happen if that much larger payment doesn't get made. puerto rico's governor can't be paid without cutting school and hospital services and calling for a bailout from congress. lauren: take a look at the headlines. first off, hulu best on cable tv service. streams feeds of popular broadcast and of popular tv channels. inan effort and making art on the run. there's an app for that. creative bikers and runners, digital runnings of the routes. more than 150 turns and with that apparently he drew yoda, cheryl. [laughter] cheryl, well, corporate america continues to rother e

group. cac 63 points. nicole: more than a half of 1%. same with s&p 500, nasdaq down 32. lauren: checking in on commodities oil and gold for you, oil 44.27-barrel, gold up three bucks, almost 1300 a troy ounce. nicole: apple shares are down for eight days in a row, longest losing streak since 1998, if the stock is down today it would then be the longest losest streak since 19 1991. iphone sales fell since 2003. apple shares are down 27% in the past year. lauren: it was amazing the market was up with apple being down. an order in missouri has ordered johnson&johnson $21 million. she had to undergo hiyteractomy. $72million to a family of a women who died of ovarian cancer. the verdict contradicts safety. the company says it will appeal this verdict. nicole: former pharmaceutical ceo is famous for hiking up the price of live-saving drugs, scael irk is expected to appear in u.s. district court in brooklyn to face multiple charge frauds. he said this on mornings with maria that he is innocent. >> we made a statement that, you know, refutes the -- the charges, you know, obviously i th

was chartered by congress in the 60's. the historical preservation act of 1966 was further development of what had happened before. i think the key development was massive urban renewal in the 1940's and 1950's and 1960's which put highways through our cities and huge public housing conferences in our neighborhoods. there was a feeling that things had gone too far. that we needed a federal response. frankly, a federal response and some federal action. there was a counter to the destruction caused by a lot of federal programs. >> were there any leaders who lead this effort in 1966? mr. page: there were a lot of figures. one person is jay jacobs. his 1961 book, "the death and is not american cities," about preservation, but it is a widely-red book about why we traditionalerve our neighborhoods. she became an advocate for saving pennsylvania station, the new york railroad station that was demolished. that was the spark that led to the preservation act. a lot of writers started to question the urban renewal. was presidentson in 1966. was he a supporter? mr. page: he absolutely was. it was

1970's with particular attention paid to the middle of the 20th century. peggy vandenberg is an associate professor of philosophy. her teaching and research primarily concern the figures of the 18th-century scottish enlightened. this morning, she will examine the reception of david hume's work in america, particularly by james madison. cash att is investor of professor. -- a professor. editor of the four volume set jane adams writings on peace , she will discuss john do we, james adams. with that, i turn it over to our first professor. -- first presenter. >> let me begin by thanking the center along with the staff for organizing this wonderful events and invited me to speak this morning. mention upfront that my talk is decidedly more historical and political and perhaps was founded more in the past and the present or future. it's also about intellectuals, but i hope it will provide thought as we consider together the contours of our contemporary belittle debate. the landscape, and how we might find common ground. 19thl be speaking at century philosopher and the invention of the

century. 's career started around 1910, when he was doing a state congressman race. by the 1930's he had been elected governor. at the time in mississippi, you cannot serve consecutive terms as governor. he served one term into the 1920's, early 1930's, then skipped a term, then stroked another four years later. --- then served another four years later. he was elected to the u.s. senate in the mid-1930's. he served until 1946 when he was removed from the senate. after being elected for a third term because of bribery charges. and because of his views regarding race relations. there -- very well-liked within the state by poor white residents. he took advantage of the new deal project to improve the state. he helped a lot of great people. =--- a lot of rural white people . as governor of mississippi, he made the decision in the 1930's to remove all the president's from 3 major universities in the state. the university of mississippi, mississippi state university and mississippi university for for women. he removed the presidents and replace them with people -- i think one was a real estate

. eisenhower blade in the 1950's -- played in the 1960's. his book is, "reagan's 1968 dress rehearsal: ike, rfk, and reagan's emergence as a world statesman." the discovery institute hosted this program. >> we are joined by dr. gene kopelson. he is a cancer doctor by trade, but also an accomplished historian. he has written about theodore roosevelt, about washington state politics in the 1960's, about the holocaust and other subjects. his talk tonight will focus on his first book called, "reagan's 1968 dress rehearsal" and it tells the little-known story of friendship that developed and ultimately a member -- a mentorship between eisenhower and reagan. i will not steal the thunder, but dwight d. eisenhower was really instrumental in ronald reagan's early political career. we all know how that ended with reagan's election as president to decades later. so, he will tell that story. he will talk for about 45-50 minutes. there will be some audio and presentations. we will do our best to make sure that we are adjusting it in the back and he can hear it. after he is done, we will open it up to a

. eastern on c-span3's american history tv. this weekend on "c-span: cities to her," we will explore the history and life of hattiesburg, mississippi. susannahv, author ural. her book draws on rare letters and diary entries from the civil keeping how important in touch was for those on the battlefield and their family members back home. toso many women were writing their man at the front saying, i don't know what you are fighting for, but you need to come home, because we have about 1/10 the crop we normally do, i just buried our youngest in the back, and we won't have anything left. announcer: and an examination of the vietnam war with author wiest, discussing the battlefields of vietnam, and what soldiers has to fight for upon their return to the united states. >> soldiers have been used as part of a morality play, as part of many things, but hardly anyone got to tell their story, who they were as young men before they went. the trauma they went through, it's great victories, it's funny times, it's horrible times. and what happened once they got home. announcer: in the slaying of v

futures, s&p up 14. lauren: in asia nikkei jumped after prime minister announced that he would intervene. nicole: after dropping almost 4% yesterday, let's check out in the volatile crude oil. it's up 39 cints. lauren: tornadoes ripping across the plain states leaving two people dead. nicole: plummeted april sales and warned about profits. lauren: stef steph curry returns from a knee injury and carried warriors to victory over trail blazers and miami heat with overtime win. nicole: good morning, everybody, it's 5:01 in new york, welcome to fbn:a first look at morning markets, breaking news and what to expect for the day ahead. lauren: a deadly stabbing spree at a train station. some witnesses say the suspect shouted ala, which mines god is great in arabic as he went onrampage. 27-year-old german national is now under arrest. we will have all the latest development as we get them and bring them to you. nicole: hillary clinton and bernie sanders clashing in primary, recent polls senator sanders leading, 29 democratic delegates will be awarded today. lauren: two states holding pri

our republican reconstruction governments. from the 1860's, you begin to see are an number of african-american officeholders move into positions of local authority, either on town councils or the state legislatures. they gain a political role in a and acal voice call -- political voice and a number of the african-americans who serve in this time, that is how they move through the ranks very quickly and come into positions where they can be a let it to congress. ms. elliott: who is the first african-american in the house? the first toi: speak on the floor while the house was in session is a man who was elected, but never seated. 1868. elected in his election was contested, and that is the story that runs throughout the 19th century for so many of these african-american members who were elected to congress. their election was challenged in a number of them had that experience. in february 1869, he was allowed to speak on the house floor to defend himself and his contested election case. the house chose not to seek him or his opponent and he never was seated. but he won the elect

tilford: the name of my book is "turning the tide: the university of alabama in the 1960's." i wrote this book because i was a student at the university of alabama in the 1960's, and quite frankly i , missed a lot of it because i was studying. i wanted to take the story of beyond desegregation which occurred in 1963. though i do cover that in the first chapter. i want to take it through the rest of the 1960's. while we desegregated in 1963, we did not integrate. that took a long time, going even beyond 1970. but it is in this period that the university went in a new direction. once segregation was out of the way, once all that energy that had gone to trying to maintain and actually illegal and certainly immoral way of doing things, after all that energy could be sent in another direction, the university of alabama began to turn itself away from a regional football party school and warning itself -- and turning itself toward becoming a major national academic institution. that is what it has become, but it was a long journey in the 1960's that sent us that -- in that direction. there

20the first half of the century. he was a state congressman, and by the 1930's he had been elected governor, and he had put in two terms as governor. term at the end of the 1920's, and of the 1930's and then served a term for years later. then he was elected to the u.s. senate in the mid-1930's. he served until 1946 when he was removed from the senate. -- removed from the senate after being elected for a third term because of bribery charges and because of his views regarding race relations. very well-liked within the state by poor white residents. because he really took advantage of the new deal project to improve the state. and to really help a lot of rural white people. as governor of mississippi, he made the decision in the 1930's to remove all the presidents from 3 major universities in the state. the university of mississippi, what is now mississippi state university, and mississippi university for for women. he removed the presidents and replaced them with people -- i think one was a real estate agent. another had just received his bachelors degree a year before. he removed

allied himself increasingly with another french thinker, philosopher. in the 1930's, the two found themselves offering similar analysis of cultural and political questions. he insists that religion not be pushed out of the public square and treated as a purely private matter. churchesrgued that the influence should not be coercive , but should operate through appeal to people's consciences. now, i want to turn -- this is some background in elliott -- the trajectory of his political thinking. i'm going to turn to the person who had the biggest influence on his cultural and political thought, christopher dawson. the central aim of his cultural criticism is to envision the possibility of bringing the religious and civil spheres into dynamic complementarity with each other. as he works on this cultural theory, elliott found support in dawson's writings. russell kirk declares that of social thinkers in his own time, none influenced elliott more than dawson. christopher dawson was born in 1889, a year after elliott. to bete 20 books and came regarded as one of the leading historians of h

weekend,eekend, every on c-span3. >> the base started early on in the early 1940's. in the 1950's, it became norton air force base. named after an air force captain killed in france bombing mission. it became norton air force base. in the 1960's, just right at the vietnam era, starting with a base transition to the 63rd military airlift wing. 141 was introduced to the base. it became a major logistics supply hub. but their mission also encompassed worldwide. they were the fedex or ups of the early days on the military side. they couldn't deliver quite as quickly. but they could deliver it wherever there was a runway long enough to handle the airplane worldwide. it's interesting to have the norton air force base museum at the former air force base. it's right in the center of where things happened. it used to be a noncommissioned officers club. this little portion of it has been designated as museum for the base. we knew that there were quite a few nortonites, if you will, still living in the greater in land empire. if you ask about their time here at norton, bringing it back to the mu

the early 19th century. the second section talks the 19th century through the 1850's and what happens in that period. and the last section takes us through the 1890's and that connects us back to the american revolution. the discussion of the 19th century and the american revolution wouldn't be complete without talking about lafayette's visit. the marquis lafayette was 19 years old when he came to america to fight in the revolution. he was a french aristocrat and when i talk to students about this and i say he was 19 -- we think about 19-year-olds today -- what were you like when you were 19? were you going to fight in revolution across the sea? probably not. he was an interesting individual. his support and influence with the french government helps the revolution's cause. when he came back, he was invited back by president monroe for the purpose of remembering the revolution, munro saw that people were starting to die off, the revolutionaries are starting to leave us, but lafayette was still a living connection to the revolution. he came back and did this amazing tour of wha

%. >> one thing we're watching is three down weeks in a row. up 11 and s&p up 2. show you the price of oil because we have a higher market this morning for kriewdz. it is up 1.9% to 47.7 a barrel. goldman sachs saying oil market gone from nearing storage saturation to being in deft that is moving price gold up 11, 12.83 an ounce. >> other currents a mix haded bag there. euro gaining against u.s. dollar. japanese yen is weeker against u.s. dollar and rest of the gang there mixed watching u.k. pound closely about the story about british exit front and center every single day there abroad and here at home. even fed watchers and fed presidents looking at that to be a risk so that's june 23rd for that referendum. in e.u. front and center. >> mark it on your calendar an tenure treasury 1.72%. >> result this is week as earning season starts to wind down. hear from home depot tomorrow, lows on wednesday, analysts are looking for solid earnings growth from both of these home improvement chains. staples dropped fines to merge with office depot will also report on wednesday along with target. the gap

-90's, who was a hattiesburg resident. mrs. mccarty made her donation in 1995 and almost instantly became a national celebrity or sorts, which was confusing to her. she did not understand that she had done anything special. she was a woman of great faith. faith was important to her. work was important to her. she was living out the values of her faith in making this gift. when people started giving her attention for it, she did not understand it. of course, everyone else understood that this is not how most people lived their lives. most people don't do things, save every penny that they have earned and give it away so that others can thrive. >> it ended up with people calling from washington for her to come. the amazing thing for me was, miss mccarty wanted to go, but she did not want to fly. dr. lucas came to me and asked me if i would mind being her companion for these different places. like on oprah winfrey, we went on that show. they came into the dressing room, they were applying her makeup, which she did not need, but they did that. opera came -- oprah came in. she got in he

out stock market futures this morning down 54 points in the last hour or so. s&p 500 down seven. lauren: for the golden week holidays today is actually national greenery day. and china's shanghai composite edging fractionally lower. after citing another 2.5% yesterday, let's look at oil right now. but they'll down 2 cents. lauren: one of the biggest recalls in u.s. history is about to get bigger. why to qaeda might recall another 35 million airbags. traded to the golden state warriors win again without their star, tran 11. the miami heat taken over time brother. we will have all the highlights. lauren: it is wednesday, may 4th. thank you for joining us. "fbn:am," the latest breaking news and what to expect that they had. nicole: donald trump winning the indiana primary getting closer to securing the nomination. texas senator ted cruz dropping out of the race. trumka 63.3% of the vote in the hoosier state. brisket 36.6%. john kasich has 7.6%. connell mcshane with more from new york's trump tower. >> donald trump began by thanking his family and he moved on. and >> ted cruz, i don

futures very much wait and see mode, down 5, the s&p is virtually flat down a 12:45 point. nicole: investors in japan returning from a three day holiday and still selling. the nikkei index sliding a quarter a 12:45%. in china the shanghai composite sliding 2.7%. lauren: after two days of gains let's check oil, $44.27 down 0.1%. nicole: the raging fire in canada burning an area the size of new york city as canadian officials begin airlifting people to safety. lauren: the shares rocket after charlie gasparino reported the government is close to ending its investigation. nicole: a triple overtime thriller in the hockey playoffs, the game ended a few hours ago. find out who came out on top at the kentucky derby. we have the odds on favorite to win. nicole: it is 5:01 am, friday, may 6th. your first look at what is moving into the markets, the latest breaking news, what to expect for the day ahead. >> paul ryan is not ready to support donald from. >> not ready to do that at this point. i hope to. what is required is we unify the party. the bulk of the burden on unifying the party comes

. stock market futures on this final trading day. dow futures higher by 10 points. s&p down half a point. nicole: shanghai composite ended more than 3% higher on increasing speculation chinese stock will be added to a key global benchmarks. lauren: oil prices up over 7% in may. right now crude continuing the trend. nicole: north korea tries but fails to launch a missile putting on alert. lauren: 7-week strike. nicole: in sports the golden state warriors make history after game seven victory over oklahoma city thunder. in hockey, stanley cup is under way and we will tell you who took the lead. lauren: good morning, it's 5:01 a.m. in new york. even though it feels like monday . welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. nicole: former inspector general rejecting hillary clinton's claims that her use for personal e-mail account was in line with her predecessors, howard was the department's top watchdog to january 2008. >> certain to my knowledge, secretary rice did not have a personal server, i personally never sent an e-mail

your turn now to shape our nation's s&e as well -- destiny as well as your own, so get to work. >> commencement speeches. at noon eastern on c-span. >> history professor kevin schultz discusses how the left wing and right wing in the 1960's were influenced by 2 friends from opposite ends of the political spectrum, conservative william buckley and liberal norman mailer. throughout the 1960's, in public and in their writings, they debated america's political affairs, including vietnam, civil rights, and of the cold war. scholz describes their political differences and close relationships in his book, "buckley and mailer: the difficult friendship that shaped the 1960's." this is part of a day long summit at grand valley state in, grand rapids michigan. >> good morning everyone. i am program manager of the common ground initiative. i am pleased to usher in our first sessiod

. is in recentiety times forgotten, but they were a significant part of the 1960's political landscape. they generated questions in the house, questions in the senate, presidential statements. say they played a much more significant role in the development of conservatism during the period then they usually get credit for. the tendency is to dismiss them as a lunatic fringe, but it helped them up bridge 1950's that of the to 1970's and 1980's. they trained to a generation of conservatives to show them how to pursue their causes, to get into politics, and it was important for those reasons. >> did you have a sense at their height, how large their society was? estimates are about 100,000 total members. but i think more broadly, they had millions of members who were sympathetic, and many people had similar beliefs to them, even though they did not join the society. despite the relatively small size, i think they had a big impact on american culture. >> how did the establishment republican party responded to the society? prof. mulloy: it buried. some republicans and some democrat

high number for s&p earnings. isn't typically 15, 16 the higher valuation. >> the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u.s. presidential election, you got the u.k. referendum, a lot of stuff to worry about, and we think that could cause downside in the markets over the near-term, and so we pulled out to a more neutral waiting. gary: how do you see the world? the markets? the fed? the earnings? >> gary, there are no layups. at the beginning of the year when the market dropped 8% in two weeks it was very frightening to investors. very concerned what to do. some called and said should we go to cash. a number of firm said oil might go to 20 or $10 a barrel. 40% chance of recession. there was a lot of anxiety. so today, the recovery from february 11th through the end of march, we had a positive return in the s&p of almost 1%. anthony: rick, when you're talking

u.s. stock market futures, dow futures higher by 52, s&p up 5 and nasdaq 15. nicole: shanghai composite down. lauren: oil prices fell almost 3% last week but moving back, right now up 2.2%. nicole: officials in canada said they may have reached a turning point that threatens oil production. lauren: in nba playoff cleveland cavaliers advance in finals and thunder even series with san antonio spurs. nicole: it's 5:01 a.m. we welcome you to fbn:am, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lauren: donald trump walking back his tax plan. the wealthiest individuals would get a tax break. trump says it's going to be a different plan by the time it gets negotiated. >> i came up with the biggest tax cut by far of any kind today and i put it in, but that doesn't mean that's what we are going to get. we have to negotiate. the thing i'm going to do is make sure the middle class gets good tax breaks because they have been absolutely shun. i'm going to fight for business, for the wealthy, i think frankly it's going to go up and it

started with the song eight hours which was a popular labor anthem in the 1880's. you're the chorus eight hours for work eight hours for rest eight hours for what we well. in some ways that song speaks what we will be talking about today. eight hours for work and eight hours for rest. we are talking about labor relations. we're talking about more broadly speaking clinical economy. we are talking about the potential for state regulations and these arguments over that. that is somewhat straightforward. what about eight hours for what we will. they say we want to feel the sunshine. we are not machines, we're human beings. we want to have a life outside of work. even those on the top of this new gilded age are also in many ways growing anxious over this new world that is coming about. we look at economics. as with so much else, a lot of our story starts with the railroads. you have seen how much the transcontinental railroad changed the west. it didn't stop in 1869 when they drove the golden spike. they continue to build by the end of the century. there were four transcontinental railroads by

coroners and the m.e. 's office who are seeing these things and leading the charge for improvement in industrial safety. and you may be familiar with the 1911 horrific fire at the triangle shirtwaist accuray company where 137 young women died, some of them of the flames. others perished in leaping out of eight stories of that building as it was set on fire. nobody tells that story from the perspective of the coroner's really led the charge, they had seen the damage. they had seen time and time again, well before this one factory fire. they have been dealing with this phenomenon, and they were finally it up. 1911, they lead the charge for more industrial safety around the areas of factory fires. newark example, in 1924, new jersey, performing autopsies, they discovered radium, the painter they are using on wash tiles, it was a great innovation. your watch tile would be painted with this radium paint and would therefore glow. but the way the workers worked with their brushes, they would always point to their brushes so they could get a fine enough line of paint. so they are constantly d

-point pop at the open. we have new home sales coming after ahead of opening bell. s&p futures up 4 points and nasdaq gaining 9. nicole: more talk about fed hikes, 30% for june, that's the fed fund's future rate. dollar goes up and commodities come under pressure. oil down, gold down 7 and a half bucks. lauren: tribune policy has rejected a second takeover bet to gennett, $15 a share from 12.25. tribune owns the los angeles times and chicago tribune will sell $4 million for 70 and a half million dollars. gannett will decide after the company's annual shareholder meeting which is on june 2nd. nicole: facebook says it is not bias against conservative but that would make changes anyhow. a recent charged of disclosing conservative topics. internal investigation founds no evidence of political bias, the company said it would still make some changes and intend today minimize the risk of improper actions or unintentional buyers. lauren: going out of business sale for sports authory. plan to close all of its store and will again this week. sports authorities is expect today start by friday

further development of what had happened before. was massivelopment urban renewal into the 1960's. huge public housing complexes, they tore down old neighborhoods and there's a feeling that things had gone too far, that we needed a federal response. frankly, of a federal response , sort ofederal actions a counter to the destruction caused by a lot of federal programs. >> were there any particular leaders who met the effort back in 1966? in a 1961 book said it's not -- it was a widely read book about all we needed to preserve our traditional neighborhoods. she became an advocate for saving pennsylvania station, the new york railroad station that was demolished, leading to the preservation act. a lot of writers were starting to question the urban renewal of the 1950's and 1960's. >> lyndon johnson was president in 1966. was he a supporter of the society? >> he was part of the great society program which usually think of around welfare and other things like that. but it was in fact part of building the great society is well. it i do you see it fitting into the great society? at whatu look

. let's get you back on the markets as you can see the dow off 213 points. the s&p down at 2,043, exactly where we ended 2015. so we've wiped out any gains on the s&p. the nasdaq down one and a third, same with the russell and the transports up slightly higher. there's certainly an air, a bearish air of sell orders. is it all about the fed? let's go down to lori at the new york exchange and get her sense of what the traders are saying. >> it's a lot about the fed. and early this morning when the cpi, the consumer price index came out, and it basically showed the fastest increase in consumer prices in april. in more than three years. so obviously faster inflation supports the fed for raising interest rates. and a lot of analysts knows right during the course of the day and someone pointed out that the fed funs futures, an interest rate hike is june meeting. is now up to about 14% from about three or 4% just yesterday. and that of course comes on the heels of a drumbeat fed seekers who are basically leaving the door open once again for this potential rate hike come the june meeting

. eightarted with the song " hours" which was a popular labor anthem in the 1880's. eightard the chorus -- hours for work, eight hours for rest and eight hours for what we will. that speaks to what we are going to talk about. on one hand, eight hours for work, eight hours for rest, we are talking about labor relations and political economy. we are talking about the potential for state regulation or at least arguments for that. what about eight hours for what we will? in other words, we are not machines, we are human beings. we want a life outside of work and even those on the top of this new gilded age order are in many ways growing anxious over this new world that seems to be coming about. but first, we look at economic and as with so much else this semester, a lot of our story starts with the railroad. you have seen how much the transcontinental railroad changed the west and changed the economy. that railroad holding bonanza did not stop in 1869 when they drove the golden spike. instead, there were four transcontinental railroads and there are all sorts of tributary lines that