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tv   With All Due Respect  Bloomberg  December 4, 2016 3:00pm-4:01pm EST

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♪ john: it was the best of times, and now it is the last of times. welcome to this final edition of "best of with all due respect." we begin our special show with donald trump, and how he prepares his team. it has been 23 days since donald trump has become president-elect. and while we have heard plenty from his twitter feed, we have not seen much of him, except until today. he had his first public event. he is kicking off his victory lap thank you tour this evening.
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the first event took place this afternoon in indianapolis. he basked in the glow of the deal that he and mike pence created to keep jobs in the u.s. and there was no shortage of tangents, but his demeanor was measured and his message was optimistic about the nation's economic future. mr. trump: i just want to let the other companies know that we are going to do great things for business. there is no reason for them to leave anymore. your taxes are going to be on the low end. your unnecessary regulations are going to be gone. we need regulations for safety, environment, and things. most of the regulations are nonsense. it has become a major industry, the writing of regulations. these companies are not going to be leaving anymore. they are not good to be taking people's hearts out.
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john: now he is going to cincinnati for the first in a series of victory rallies. mark, on the basis of what we have seen, what you think we will see from donald trump on the rest of this victory rally tour? mark: a very familiar guy. stream of consciousness, emphasis on winning, mocking the media. i mean, it was very similar. he did not call her crooked hillary, but except for that it was pretty similar to one of his rally events. it is interesting, he got marks on his election night speech. i did not hear that tone for those kinds of lines. i will say that the trump brand and the successful political brand has been emphasizing winning. this deal, for all of its flaws, which we will talk about, is winning. this is it. this is the version of the president we will get, january. john: i thought, if that is
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right, and on the basis of the indianapolis event suggests we will see a lot of campaign style trump on the victory tour, it seems more clear than ever that this tour is not so much about saying thank you. that is part of it. it is, everybody will cringe when i say it, it is the first set of events for the 2020 election campaign. donald trump managed to win the election in some ways that was completely predictable, and was in other ways completely shocking. but by winning the midwest states that were part of the blue wall, iowa, ohio, pennsylvania, michigan and wisconsin, places the is going on this tour. he won indiana by a lot. you understand if you will be -- will be reelected, he needs to maintain a strong basis for his political support in these places.
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i think in the next few days, he is already going to be looking for that support in the future election. he is already looking for years down the road. mark: i say this without really knowing the answer, but the question is raised -- why didn't the current president do this? i think that was part of the victory lap. john: i think the answer is the current president did not want to do what is about to happen. the reason the deal happened was, we will talk about the merits of it in a second, but it is about tax policy. we have heard about indiana's role in this. this is a larger thing going on
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with carrier's parent company and defense contracts. and in terms of tax reform going forward, obama did not want to play that game. mark: let's talk about the merits of this deal. in exchange for keeping the jobs in indiana, the hoosier state is going to give the company $7 million in incentives over the next few years. the bigger issue is maybe that carrier's parent company once to -- wants to have good standing with the incoming trump administration. the conglomerate is a major contractor in addition to creating air-conditioners. a lot of its business is with the federal government. and the firm will benefit from the fact that donald trump, if you can, will try to cut corporate taxes and regulations. if they do that, they will benefit. a lot of people do not like this deal, including bernie sanders. he is very peeved. he published a scathing op-ed in the washington post today. in it, he criticized donald
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trump for reversing a campaign promise to put tariffs on companies that try to flee the country. he wrote, "instead of a damn tax, the company will be rewarded with a damn tax cut." how is that for standing up? we talked about this yesterday. john, what do you think? john: i was never a fan of tariffs. and i was never a fan of donald trump's plans. what you said about carrier, just a few months ago, his plan was to make them pay a damn tax if they were going to move jobs overseas. i am not a fan of that as public policy. regardless of where you stand, it is 180 degrees out from the deal he cut with carrier. which is to promise that he will cut their taxes going forward. so i think sanders is right to call out that this is a perfect
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reversal from what his position was previously. as i said before, i am not for tariffs, but that is what he said he is going to do. he is doing the opposite. mark: there are a lot of flaws with this. i agree with critics that say that if democrats do this, it would have been heavily criticized for industrial policy. i will say this -- the notion of a president advocating for jobs, i think there is a positive there. the other thing is, people say other businesses will demand the same thing, but i do not think that is true. i think he now there will be a culture of doing the right thing, keeping jobs here, and trying to get a pr benefit on that even if you do not get the same level of tax incentives. john: i never thought i would call you pollyanna-ish. it is the first time in the history of this show. pollyanna, here we are. mark: this firm got millions of
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dollars in free meals today. -- free pr today. john: they will also get a tax cut in billions. anyway, donald trump courtship with capitol hill republicans is likely to be a political soap opera next year. for now, they are still in that sweet nothings phase. mike pence met with congressional republicans yesterday. they say they came up with plans for a more perfect, non-same-sex union in the coming months. during a press conference today, house speaker paul ryan addressed hot button issues with medicare. he described it as on a path to going bankrupt. he also said he is not yet talked with the donald trump transition team of the move to privatize medicare. donald trump did not show much interest in that during the campaign. some other issues that could cause discord between donald trump and capitol hill would involve immigration and the debt ceiling.
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mark, is donald trump and congress a looming lovers quarrel? or a love story? mark: it is both. i think it is very close. i think are some substantive issues. there is just a huge gap in what donald trump talked about and what you will push for, and what the traditional republican position is. there is a huge issue of whether or not to work with democrats or make accommodations to try and get bipartisan support. but it is donald trump's party. my guess is eventually paul ryan and mitch mcconnell will have to figure out how to accommodate themselves to donald trump. it is one step at a time. the current step towards tax reform and infrastructure and the debt ceiling -- i think that will go relatively smoothly under the circumstances. we will see. john: i think that may be right
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on those issues where there is a lot of common ground. and whereas you said, mitch mcconnell and paul ryan will see it as in the party's interest to give donald trump some wins. on the big issues, medicare reform. we talked about it all year long. part of the reason that ryan and trump are not a match made in heaven is that they believe in fundamentally different things about the biggest challenges the country faces on questions like domestic spending. medicare is the biggest. paul ryan has a long record of saying what he wants to do with medicare. and donald trump wants to do something totally different. the question is where do we go on that? it is the biggest program in the federal government. mark: it comes to a head. it is so easy to say that we should repeal the affordable care act and try to figure out what to replace it with. you have to deal with medicare and medicaid. and i think republicans in congress would be reluctant to say that we are going to pass this major piece of the legislation to get rid of the affordable care act without dealing with them both.
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it has gone pretty smoothly so far. john: coming up, nancy pelosi holds onto her leadership post. what that means for the democratic party. and your weekend weather, when we come back. ♪
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♪ john: nancy pelosi was reelected today as the head of house democrats. and there have been calls for new leadership in congress. joining us now from the home of congress to talk about the vote and its implications is the great and fantastic kacee. nancy pelosi wins. she wins easily, yet a third of the caucus voted against her. we're going to have a friend on in a moment who is a supporter. is there doubt at all about the
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fact that a third of the congress is against her? >> i think there is some frustration and there was surprised at the number of people that backed congressman tim ryan. i think it shows you that had someone else in willing to step up against nancy pelosi, they might have actually beaten her. it does show that there are legitimate problems for her. i think at the end of the day, it shows that nancy pelosi style of politics is what the democrats need in the house right now. they need some one who has that sort of "iron will." in the age of donald trump, that the house democrats will serve more -- at least attempt to stand in his way and make republicans make difficult decisions on things like the
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debt ceiling. she has been in the trenches, and she knows how to do it. and i think her allies feel that is what they need right now. on the flip side, it means they are not going to have any new faces. the average age of democratic leadership is 76 years old. it is under 50 years old on the republican side. which is an entire generation. i think that is part of the frustration you saw today. from those 63 members they refused to back her. john: we spoke earlier about donald trump placeholder in dealing with his family business and potential conflicts of interest. my sense is that a lot of republican members of congress are very concerned about this right now. what is your sense of the temperature with republicans on the hill related to this issue? >> for now, they are saying that we should give donald trump half a minute to deal with this. in saying that, they are also saying that he needs to deal with this. there has been some pressure. because the reality is, the
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difficulty day-to-day for people appear is to answer for every single one of the things that donald trump says or does. in this case, his conflicts of interest, the fact that he said that he will come out and make a statement has mollified somewhat for now. i think they expect to see some action. i think this general way of interacting will drive a lot of what we talk about for the next year or so. the tension, i think you are already seeing it play out in the cabinet picks. for example, i had one republican say to me, "do republicans really want us to vote between general petraeus and rudy giuliani for secretary of state? that would put us in a difficult position. so i think you are seeing a lot of difficulties rise up across the board. that issue you raised is a good example. mark: kasie, thank you. thank you for your service. we are now joined by democratic congressman eric swallow.
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john: let me ask you this. your woman won. nancy pelosi won her reelection. but she lost a third of the caucus. what do you think she should take as the message from this large block for her going forward? >> our leader won. she won the trust of 68% of her colleagues. she said she came in a little bit higher than she expected. it shows she can still count and she can lead us forward. i think it is a good day for the democrats unifying and going forward. and also craft a message that can relate to all americans going forward. john: congressman, i appreciate the answer, but it did not really answer my question. what did you think about the block voting against her?
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>> i look at it like those that voted for her. i look at it as the fact that she had still overwhelming support in her party. i think the people that voted against her will step up and help us in a all hands on deck effort to shape what is next. mark: congressman, thank you for being on. can you think of any issues in which leader pelosi is more liberal van working-class voters? >> they want an economy that is going to work for all of us. i think the work they did around wall street reform matters do -- to working-class people. they just want a fair shot. right now, you are seeing donald trump putting out a plan to unravel dodd-frank. instead of draining the swamp, he is replacing it with recycled water. by putting wall street executives and d.c. insiders in his cabinet. i think our message is going to connect with of those voters.
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mark: are there any issues that you can name were you think she might be to the left of voters that helped donald trump get elected in those states? >> i think the voters, they are electing representatives in their own community. this is not about one person representing every single part of the democratic party. i think she is going to rely on different people in our party to go across the country and carry that unifying message of an opportunity for all of us. so, i reject the idea that this is on one person's shoulders. she has given opportunities to people. look, i was first in my family that went to college and it came to washington with debt. she said, "go talk to millennials about all the issues from people that have had the same issues." we created a group called "future forum." we have created actions to lift people out of student debt. so, she is counting on all of us to play a role.
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john: stay tuned, dr. jill stein is up next to talk about her leading effort in the recount coming up. ♪
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♪ john: we're going to have green party candidate jill stein with us. she has kicked up a political ruckus by calling for a recount. citing discrepancies in paper ballots where errors took place at polling places. she has raised money for this effort. dr. stein is joining us now from boston. great to have you with us. paul ryan today said that your recount effort is a ridiculous, fundraising stunt. that is a quote. how do you respond? dr. stein: what are you afraid of? you know, the american people have a right to vote.
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we have a right to a transparent process. we have the right to assure that these voting machines that are used in wisconsin are not again -- are no longer used in california, because they are prone to error. they are being eliminated in maryland and virginia. we should have quality voting systems in all of our states. and the american people deserve to have confidence in their vote, especially coming out of this very divisive and bitter election. let's have some assurance that our votes are being counted securely and properly. john: right. there is not anybody i know right now that has ever been involved in recounts that thinks this recount will change the outcome. so is this mainly in academic effort? i do not mean to belittle it in that sense, but are you trying to say that this technology does not work and you are trying to restore faith in the system or find holes in the system? or is this an effort to actually
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overturn the outcome of the election? dr. stein: let me tell you, it is not to overturn the results of the election. it is not to overturn one candidate for another. it is not about who won. it is about the process and assuring the american people that at a time of record cynicism and disappointment in our political system that we can be confident in our vote. it is not just an academic question. we have seen plenty of trouble with our voting machines when we have actually looked. during the recount in ohio, 90,000 votes did not get counted in toledo. and the only reason we found out about it is the people of toledo and the communities of color, they felt like they were getting short changed. sure enough, they found that their votes were not getting counted, why?
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because the machine was not properly calibrated. it was a little bit turned and was not capable of seeing that those votes were actually voted on. so these questions have been raised for long enough. there are additional red flags here. we have had extremely thin margins in these estates. we were using voting equipment -- states. we were using voting equipment that was suspect in one way or another. there were other red flags like in michigan with skyhigh number of blank votes. 80,000 blank votes. that is much higher than any prior election. there were warning signs here. also, the outcome was the opposite of what had been anticipated.
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so, all of those factors taken together is why those three states were identified as areas that we are most likely to find problems. what we really want here is a voting system where we do not have to show that there was some major problem in order to have built in transparency and accountability in the system. and we say, going forward we should have -- for one thing, we should not be using faulty voting machines that have been proven to be error prone. and friendly to tampering. we should not be using those machines in the first place. secondly, we should have built in audits. john: dr. stein, i appreciate you coming on and reviving confidence in the system. mark: to making sure the machines operate safely. i have watched your interviews over the past couple of days. i am completely baffled by this. how will recounts in the states restore people's confidence in the system? how could that possibly be the result? dr. stein: there are many concerns about the system.
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however, this is a first step. mark: just tell me how over the next few weeks this plays out. tell me the results that you would like to see that restores peoples faith in the system. dr. stein: i would like to see the system working flawlessly. that would be really great. based on prior performance of the machines, i do not expect that. on the other hand, i do not expect enough that we are going to overturn the results of the election. but i think the issue has been raised. all i did was put out a test -- press release and created a webpage for people to donate. and people chimed in from all over the country. there was an average contribution of $45. it is no secret that there is widespread cynicism and disappointment in our system. and i think what we are seeing here is a groundswell to say that we the people can do better. john: dr. stein, i am sorry. have to go.
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i appreciate you coming on. coming up, we will look at donald trump picks for cabinet positions. ♪
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strong and secure. good for a door. and a network. comcast business. built for security. built for business. mark: it was not long ago that donald trump released a campaign television ad about the wall street elites that have robbed us. and when it came time to pick nominees, donald trump has turned to two east coast dedicated billionaire buddies, one of whom cut his teeth at goldman sachs. the wide world is trying to make sense of the choices. both were trump loyalists and friends of his. their resumes are causing cognitive dissidents up against the populist economic message donald trump preached on the trail.
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think steven mnuchin. he is a yale man, goldman sachs partner, founded his own hedge fund and had a mortgage lender that foreclosed on tens of thousands of homeowners while his institution was receiving government support. he has also financed big hollywood blockbusters including, "avatar" and a dozen of other movies. john: and then there is wilbur ross, a yale and harvard man. he became a billionaire investor. and he did help restructure one of trump's struggling casinos when donald trump was criticized for leaving average workers high and dry, and his were to rehabilitate companies to overseas investors has helped with free-trade policy that donald trump promised to rein in.
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this morning, stephen talked about what they want to accomplish. >> our number one priority is tax reform. this would be the largest tax change since reagan. by cutting corporate taxes we create huge economic growth and have huge income. so the revenues will be offset on the other side. >> everybody talks about tariffs as the first thing, they are the last thing. they are part of the negotiation. the real trick is going to be increase american exports. get rid of some of the tariff and nontariff barriers to american exports. john: so, mark, look at these picks. wilbur ross and steven mnuchin, a.k.a. mnuchin is it fair to ask the question what happened to populist donald trump? mark: very fair. he could have gone a different way and made bernie sanders treasury secretary.
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to me, this is symbolically almost ridiculous. but what will matter is the policies and these two guys are not creatures of government or of washington. if they formulate middle class working class jobs, nobody will care what is on their resume. but it will make for a just and confirmation hearings and it puts more on donald trump to recognize biography does not indicate destiny. but it will influence things. he will have to get some populist thinking on the team. i do not think it will come from these guys. in august, a story was published on donald trump's lifetime. and of the top fundraiser steve mnuchin got a big payoff for his deal and was nominated treasury secretary. joining us is one of the writers of the business week profile, max abelson. what kind of guy is steven mnuchin? is he funny or stuffy?
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max: if you were going to write a novel about someone who had the perfect elite career where everything went his way, it would be steven mnuchin. at yale he was the publisher of the news, his dad was a partner at goldman sachs, so beloved that everybody called him coach. and then he made partner at goldman sachs and then he became a hollywood producer and he bought a bank with a bunch of billionaires and sold that and billionaires and sold that and now he is going to be apparently the next secretary of the treasury. mark: is he ideological in anyway? max: i think the question about what stephen mnuchin believes in is something nobody knows. i think, the thing that people associate with him and what is so astounding, he was at the top of goldman sachs and now he will be joining steve bannon, former
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goldman sachs colleague, the current leader was at trump tower yesterday, and apparently tucci is going to have a job there as well. john: he was known for palling around with goldman sachs, so does this not smell of hypocrisy? max: i think if you list the reasons why hillary clinton lost, people assume she was close socially and ideologically with wall street, people were suspicious that she would bring all of her wall street friends. by the way, hillary clinton does have wall street friends. john: donald trump has a lot of wall street friends, too. max: he does. but this morning, i made calls to hedge fund managers and bank executives, do you think trump supporters who loved it when he attacked wall street, do you
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think they will be disappointed? do you think they will be angry? their attitudes were like, please. john: let's talk about what i mentioned early in the show, a mortgage lender in california that has been accused of closing in a pernicious way on homeowners, accused of redlining. max: steve mnuchin told us he was sitting in his office and i got this story confirmed by someone who was in the room with him at the time, summer of 2008 watching tv in the news and he sees people lined up to pull their money out of the rank and -- bank, and he says to himself, "i have seen this game before, we are going to make money on this and we should by the bank." he bought that bank, indymac.
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i think it was one of the biggest bank failures in the history of the united states up to that point. steve mnuchin bought it with george soros and rebranded it. and one west is what it is called now and i think it was profitable within a few months. the fdic guaranteed that after a certain point they were not going to have to eat up any of the losses, so they got a great deal on it. to be fair to steven mnuchin, in the same way you have to admire the fact that he made this bet on donald trump, you also have to admire the bet he made on his bank. he bought this bank at the bottom. things were terrible. you sold it and they made a ton of money -- he sold it and they made a ton of money. more than $3 billion and there are nonprofits that say that one west stands out for awful foreclosure practices. john: coming up, former governor of vermont, howard dean talks about during his hat back into the political ring. we will talk about that with him after this.
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♪ mark: now our first guest, the former chair of the national committee for the democrats. which he held from 2005-2009, a job he is trying to go back and claim again. the former governor of vermont, howard dean. thank you for joining us. people get asked all the time why did hillary clinton lose? why have democrats lost so many seats in the house, senate, and state legislatures over the past eight years? dr. dean: because they have not built a grassroots organization. i do not particularly think this is a barack obama problem. every time we have a democratic president, the dnc becomes the way of the reelect until the actual campaign starts. what happens is the committee gets hollowed out, the 50 states strategy pretty much died, with
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not a lot of attention paid to the local parties and there has not been a lot of attention paid to what the republicans have done very well, which is school board members, city counselors, mayors, those are the things that drive the party. we have a branch of the democratic legislative counsel, but we do not fund it, so we have some strong reorganization that has to be done here. mark: that is a pretty long list. you like straight talk and accountability, name two people who share part of the blame for the dynamics you just described. dr. dean: not going there. i appreciate the ask, though. what is the point? mark: how do you have accountability? if you are not willing to say this person did not do it right, how is there any accountability? if it were republicans who made mistakes, you would say this republican messed this up and
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why won't you name names within your own party? dr. dean: because i am in the business of trying to keep the party together. one of the things i try to avoid is the fight, for example, between the bernie sanders supporters and a hillary clinton supporters over this chairmanship and a nomination. looking backwards and blaming people, everyone has people they will blame. what is the point of me getting in that game? john: a smart guy wrote an interesting story in "the new york times" and talked about areas where the democratic party could conceivably -- if they wanted to and thought it was part of the solution to move them to the center -- particularly on cultural issues that may be problematic for the party. do you think that is part of what the party needs to do to try to make inroads with that constituency that trump did well
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with that used to be a core part of the democratic coalition? dr. dean: no. i actually -- first of all, we need to stop talking about white, working-class people and talk about working-class people. if you do not like identity politics, we should not be talking about white working-class people. all working-class people face the same problems, we need to be a broad party that appeals to people on economic ground, which means all working-class people who have gotten screwed and they -- screwed in the last 20 years and evidently they will be screwed again by trump. for him to invest thousands for a few hundred jobs, that is a great pr deal after he has been elected president, but no governor -- every governor knows that is not sustainable.
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i think we just have to organize better, reach out and on economic grounds show the working-class that we are the party of people who are going to help people like that who are struggling. john: you did an interview the other day with canadian news, where you referred to steve bannon as a nazi. i am curious if you genuinely believe that? and if we will have a nazi in the west wing. dr. dean: that is not a word i use without thinking about it carefully. let's look at breitbart news. they are anti-semitic, they are blunt about that. they are anti-semitic, they are blunt about that. they are certainly misogynistic, very blunt about that. they have not stood up for the right -- they are white supremacists. i think that is a fair word to describe that attitude. i do not think it belongs in the white house. john: i understand those are critical comments and a lot of them are fair when it comes to breitbart news, but you are saying something different. you are saying steve bannon is a
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nazi. i want to make sure that is what you actually believe. is what you get in your shoulder dr. dean: steve bannon ran breitbart news, he was the one who published it, it was his baby after breitbart passed away. he is responsible for the content of breitbart and i think he owes america an apology and an explanation. please set it why are you asking him him mark: i want to move to a different topic, but you used the phrase before reportedly in an interview, are you standing by it or just saying he is responsible for breitbart? is he a nazi in your view? dr. dean: he is someone who fits what i just said and i will not back off of any of it. mark: in the coming months, a lot of democrats, despite nancy pelosi being reelected, many democrats would like to see young people emerge as faces of the party leaders. who are two or three young democrats you think have the knowledge and the vision to become part of the mosaic face of the democratic party?
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dr. dean: i think there are a ton, so far three are running for the dnc, not including me because i am old. i like the idea of new blood. so far, the only candidate that fits the bill is jamie harrison. i do not think we can have a 2 chair dnc. we tried that for eight years. it did not work very well. i certainly do not think we can have a sitting congressperson as the chair. i want to see younger people run the dnc. i am very happy to help, i do not have to be the chair, but it needs to be done right. if we do not focus on mechanics and we run around giving's ages -- giving speeches without doing groundwork, we will not be any better off in 2020, than we are now. mark: should the dnc continue to raise money from wall street? dean: we should raise money
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from anybody that we can raise money from. john: there is a story on cnn today about keith ellison talking about something that we have known about, public record for a while, his long defense, his longtime defending the nation of islam. this is coming up in the context of him running for the job that you are running for. do you think it is problematic at all that he has, in terms of defending islam? dr. dean: i like keith a lot and i campaigned with him because i thought it was important that he be in congress, representing american muslims. which he has done a good job of. i think people evolve and the remarks he made in 2010 may not be appropriate today. i do not think you can defendant lewis affair con. lewis barakat. -- i do not think you can defend
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louis farrakhan. i think keith is honorable and decent and not an anti-semite. i do not make a big deal out of those remarks. i think people change and learn and grow. hopefully we see growth from donald trump. from the show he gave us during the campaign. john: howard dean, thank you. you want to stay tuned, we have my interview with q-tip, the leader of the tribe called quest. right after these words from our sponsors. ♪
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♪ john: as millions of americans are coming to terms with what trump's election might mean, we -- "a tribe called quest" --giving us reflection in their first album in eight years. we were ecstatic when q-tip showed up for an extended conversation. we talked about his appearance on "saturday night live" where dave chapelle said he was willing to give trump a chance. it donald trump would do the same for historically disenfranchised people.
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and i asked him if he was willing to give trump a chance, too. q-tip: i guess we have no choice because he is the president. i think that it is a lot of heightened disillusionment because he has been a public figure for over 30 years. i think the platform he ran on is very scary. it is extremely polarizing. it is divisive and not necessarily inclusive. it is dangerous and one that brings about an almost absolute fear. i would not want to give someone like that a chance, per se, but the actuality of the situation is he is the president and people voted for him -- i did not vote for him.
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he is the incumbent and he is my president now. john: you guys were tapped into the fear that a lot of non-white americans feel right now, you were tapped into it early and there is a lot of expression of it in the course of the record, why it is so resident. are you afraid right now of the incoming administration that they are tolerant of racism and that things will get ugly and bad for communities of color? if so, what do you want to do about it? q-tip: there will be a lot of voters who voted for trump that if he does not come through on what he ran on, that group will be very irate and there is already a group here that is the antithesis of everything he ran for who are scared. right?
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so you have fear and anger. i think that is a cocktail that if it is not settled and help -- dealt with in transparency and truth, it will continue to stoke the flame and it will wind up blowing up. i think it is going to be a problem. so do i fear for me and for the people? no, because i think people are so at the edge of their emotions, that any kind of reservations they have are kind of long gone. so, i think this incumbent and his team has a lot on their hands and they have to really -- this is going to be interesting
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to watch. [rapping] john: we are back with part 2 of our conversation with q-tip from "a tribe called quest." i want to ask you about kanye because he is on the record. not briefly, you know. maybe you was going to be more on the record, my report tells me. he now canceled his tour and was hospitalized for exhaustion and went on the stage and said he would have voted for trump. he is a friend of years -- yours. what do you think about that? q-tip: yeah, he is my brother. it is difficult because i love him. that is my brother and i reached out to him and i am hoping that we just get to talk. i just probably would leave it
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there because i really care about that dude, but his remarks were something that requires he and i having a serious discussion. john: i want to go back to fife. this record -- obviously you had a reunion. you came together after a lot of years of discord and now it is incredibly successful. and it is made in his memory and his honor in some respects. is this, what has happened, is this enough in some way to pay tribute to him or is there something else you are looking for? you have paid a tribute to your brother and this is elevated him to wear -- to where it should be? q-tip: i am totally satisfied. in a personal sense come i think i will always crusade for him just because that is my boy and that is what you are supposed to do.
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do you know what i mean? i am just so ecstatic about everything and the way that it has all unfolded. i remember looking at that picture. i remember that night, i think i was -- i think you was 18 -- he was 18, and he was 18 and jarobi was 17 and i just had a birthday because the album had just come out. just thinking thoughts like that, you know, in a friend sense and a brother sense. i am definitely happy, because it could not have been script did -- scripted better. it is poetic justice. john: does it saddened you that he is not here? q-tip: definitely, the selfish part of me. john: are you going to tour with the record?
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q-tip: i do not know. people have been asking about it. john: we wanted. make some ideas. q-tip: it is hard to tackle that, that is my guy and he wouldn't be there. you know what i am saying, how do we approach it? john: thank you for watching this final edition of the show. john: be sure to check out bloombergpolitics.com and tune into the radio at 99.1 fm. just in general, it is good radio. also, thank you to tyler kendall, she is the best for producing this every week. sayonara.
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carol: welcome to "bloomberg businessweek." i'm carol massar. oliver: we will talk about what the future holds for those just starting out. we are talking about a how to build your nest egg. by tweaking your business persona. carol: all that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor-in-chief of bloomberg business week. good to have the issue of new money. what was the special intention?

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