two years ago, we elected henry ford iii, the grandson of henry ford ii, to our board. david: as i mentioned, a lot of prominent people when they get to be 60, 70, maybe 80, they would set up these foundations. but now, a lot of people have gotten very wealthy in their 30's, 40's and 50's and they don't set up these traditional foundations. they just kind of give away the money in different ways. it's not having a board like yours operate. is that the new model, which is to say something like what is being done with, let's say, the jeff bezos fortune? he is giving away money. his former wife is giving away money in different ways. is that a new model or do you think the traditional model will stay as the model for large philanthropic foundations? darren: i think the model of philanthropy over many decades will continue to exist but the exciting thing about this moment is that there are new models. you mentioned two terrific ones like what jeff bezos is doing as well as mckenzie scott. all of these are part of a landscape of philanthropic pluralism, which we should celeb

so two years ago we elected henry for the third -- henry ford the third to our board. david: as i mentioned earlier, what happened earlier is a lot of prominent people, when they get to be 60, 70, maybe 80, they set up these foundations. now a lot of people are getting very wealthy in their 30's, 40's and 50's and they just kind of give away the money in ways. is that the new model, something like what is being done with, let's say, the jeff bezos fortune? he is giving away money, his former wife is giving away money. is that a new model or do you think the traditional model will stay as the model for large philanthropic foundations? darren: i think the model of philanthropy has over many decades continue to exist but the exciting thing about this moment is that there are new models and you mentioned does covertly terrific ones like jeff bezos is doing or the zuckerberg's are doing. all of these are part of a landscape of philanthropic communities which we should celebrate. no country in the world has the diversity and ways of giving that we do in the united states. i

henry ford has a big factory in michigan. all the windows are broken in the factory. therefore henry ford cannot afford to buy the assembly line. he was thinking of buying. what is the he's repairing windows all the time? what does that mean? it means? fewer saturdays off right for the worker. so it really does translate. you can follow the chain and that's what i would point out emily because you brought up covid earlier that the henry ford analogy is such an important one and there's so many places we can go rationally and organically with it. but i will tell you it is perhaps my biggest pet peeve and there are long list of them of things in financial media that bother me when they see a hurricane or a global pandemic and an impulsively think wow. what great economic opportunity that we are supposed to somehow be hoping for the broken window of a hurricane to generate economic growth. it's somewhat on disgusting morally if you think about it, the way governor is hope they can declare an emergency right because that means money for the state. okay, we we would be rem

nineteen oh three and before henry ford invented the model a young lady mary anderson who came up with the idea of windshield wipers. around that time george washington carver sat with booker t. washington and together they put tuskegee institute on the map. a few miles to the west, the wright brothers established the first goal on the outskirts of montgomery with maxwell air force base a couple of decades later. and there was a german scientist who would be his team of the flight sound then to become part of the saturn five. and with the united states spacee command. so with innovation and discovery so what lies ahead but if we do strategic improvements then i assure you that decades from now people all across the country and around the world are talking about the alabama transformation. and that is what is in front of us. this is our opportunity so let's not waste a moment and may god continue to bless you and the great state of alabama. [applause] [applause]

in 1903, before henry ford had even invented the model a, it was a young lady from greene county, mary anderson, who came up with the idea of windshield wipers. around that time, george washington carver accepted a teaching appointment with booker t. washington, and together, they put tuskegee institute on the map. a few miles to the west of tuskegee, the wright brothers established america's first civilian flying school in an old cotton field on the outskirts of montgomery. and that old cotton field became known as maxwell air force base a couple decades later. fast forward to the 1960's, and it was a german scientist, dr. wernher von braun, who would lead his team of scientists as the director of the new marshall space flight center in huntsville. he would then go on to become the chief architect of the saturn v that would take mankind to the moon. and in 2021, the united states air force selected huntsville, the best choice, as the permanent headquarters for the u.s. space command. [applause] ladies and gentlemen, if innovation and discovery are in -- discovery are part of our dna,

[applause] bill ford, executive chair and also henry ford's great-grandson and he said in my office and he said andy, this is the biggest step in the auto industry since the model t and this is ford's biggest investment in his history, that they have ever made and if they were making it in kentucky is when it hit me, ford motor company, american as america itself is setting the future and he did ford trust to bed its future on, the people in the commonwealth of kentucky and that of the make you pretty proud. [applause] [applause] and such as ford, industries is making its largest investments ever i have million dollars, that is the largest project in western kentucky honey five years pretty toyota, we believe in us investing over hundred $60 million in electric vehicles and 1400 direct full-time jobs, ge appliances expanding manufacturing it is back and in october, when up to 450 million-dollar investments that's going to create thousand jobs and amazon, operates on his new $1.5 million creating 2000 new jobs in northern kentucky and located a second facility in madisonville pouring and

bill ford is ford's executive chair and also henry ford's great-grandson. he sat in my office and said, andy, this is the biggest step in the auto industry since model t. this is ford's biggest investment in its history that they have ever made. they are making it in kentucky. that is when it hit me. ford motor company, a company as american as america itself was betting its entire future. who did for trust to bet its future on? the people of the commonwealth of kentucky. that ought to make you pretty proud. >>[applause. ] >> it is not just ford. pratt industries is making .5 million dollars in henderson, the largest project in western kentucky in 25 years. toyota continues to be -- believe in us, investing over $460 million in electric vehicles and adding 1400 direct time jobs. ge is expanding in louisville, showing u.s. manufacturing is back. in october they announced a $450 million investment that will create 1000 jobs. amazon operationalized its new $1.5 billion air hub creating 2000 new jobs in northern kentucky. a second facility in madisonville pouri

henry ford, which of straw mark business development consultants. thank you so much for your analysis today. and mortgage rates here in the u. s. are out for the 3rd straight week, even hitting their highest point since march of 20. 20. at the start of the pandemic, the 30 year long rate hit nearly 3 and a half percent last week, from 3.2 percent the week before. now this all comes one year after mortgage rate hit a record low. now, as for what's behind the increase we've seen in recent months, well, you can thank inflation which remains near 40 or highs in the us while the federal reserve is reducing asset purchases and planning to increase interest rates. starting in march, their actions really haven't had an impact on these rising prices just yet. now the and the increased mortgage rates combined with the skyrocketing housing prices we've seen are bringing about concerns. they could impact would be home buyers in the month to come and sign up for a quick break. but when we come back, spain has moved back down on crypto advertisement. at the europ

and then henry ford put out their chief concern combustion engine, powered by the boy. we went from the national market global market. our way of the last 2 revolutions left us, a world powered by oil that lead us to the largest crisis we've ever faced. the 2nd revolution, it's fading away, and i think we kind of smell it to can feel it. we are now on the cause of a 3rd industrial revolution where the 30 years into the world wide web 3 in abilene, people are connected digitally communication that communication now connecting new braces just now converging with a renewable energy in millions of people are producing their own solar and wind and what they're not using, they're sending back on and increasingly digitalized powered way. rifkin's thesis is that communications and energy are already online. and when autonomy vehicles connect to smart roads and urban infrastructure by the internet, the 3rd revolution will be completed in communication and digital and renewable energy, internet, digital mobility, internet, digital, to manage our economy and society. they ride on

ohio, coney island in brooklyn, rhode island hospital in providence, henry ford hospital outside detroit, university of nem new mexico hospital in albuquerque and they will depress overwhelmed hospitals and free up health care providers for other lifesaving care. >>> jim justice is not doing well. that's how his chief of staff describes the governor's condition after justice tested positive for covid on tuesday and started receiving treatment at home. brian abraham told the west virginia gazette mail the governor is trying to put up a strong front, but the disease is affecting him. >>> there is a small glimmer of light at the end of this omicron tunnel. the average number of cases looks like it may be starting to plateau, holding steady for the first time in about a month. but the number of americans dying of covid still creeping up now. it's almost 1700 each day. but the cdc director thinks those deaths may not be primarily from omicron. >> i believe right now that those deaths are still the lagging deaths from omicron -- i'm sorry, from delta, the lagging deaths from the delta wave. we

ford only black cars. we really go deep with our customers. build meaningful relationships finally service. if you have only 1,800 customers, you know all of them and give them that extra mile service. if you put all these things together, great outcomes and we'll keep going >> guillaume, given that, what's your approach to deep eng engagement, if your focus is enterprise, having a better relationship relatively speaking, then some of your competitors with developers in that class is going to be important. so, what have you done what do you plan to do to invest there? >> so, absolutely. developers are now key the buyer in our space has changed completely if you look at five, seven years ago the buyer would be in the cfo trade, think about only pricing. and if you think today who is the buyer of pavement solution, he sits in the product tree, user experience, checkout conversions and ultimately all decisions are led by product people you have to capture that audience we have sent boxes to test every scenari

she was born in 1903 that was the year henry ford started the ford motor company, the first world series game was played and the wright brothers flew their first-ever motorized airplane the guinness world records recognized kane as the woman's oldest living woman back in 2019, when she was just 116. >>> 45 seconds left now and race to the finish. a jury has found elizabeth holmes guilty on four counts of fraud and conspiracy during her time as ceo of the blood testing start-up theranos. the jury deadlocked on three counts and found her not guilty on four. >>> the fda has expanded eligibility for pfizer's covid booster for kids 12 to 15 years old and immunocompromised kids 5 to 11. and now you know "the news" of this monday, january 3rd, 2022 i'm kelly evans, in for shepard smith. follow us on instagram and twitte @thenewsoncnbc and listen to apple, spotify or your favorite podcast platform >>> it is 5:00 a.m. in new york and here is your top five at 5:00 a new year, a new record for your money kicking off 2022 in a big way. futures, they are higher once again. >>> apple also higher and m

and today in 19, 0, 4, henry ford put the pedal to the metal and set a land speed record in that thing. he was a little more than 91 miles an hour. he was driving a vehicle dubbed the 9, 9, 9 with a wooden frame. nobody know. hood. ford's record, though, was short-lived because a driver in florida, of course, broke it within a month. >> one, missouri courtroom is dishing out more than just legal decisions. the judge in a courtroom one is doing what he can to make certain days in court. standout judge joe hensley tries to make got today extra special for families finalizing the adoption process. he brings his balloons into the courtroom. we create elephants and giraffes. another airfield animals for the kids happy about that. lee says that he handles up to 100 adoptions each year and it's always the highlight of his docket. animal shelter in detroit, michigan jumped into action to save a little kitten stuck in a drain pipe first, they tried to last a little guy with the a cat food scented wrote, but that didn't work. so they brought in a catch pole. but that did the trick. the little ki

ford who read it and say everybody of my generation could repeat these passages by heart because it was the book that everybody read. i mean and bringing it. i mean again, it makes this contemporary resonance so easy. i think that people today may mistake the power of a textbook because they think it might still have the power it once had to shape the culture to shape a society in the ways that he absolutely did with his with his work and i i suspect that a single textbook won't have that kind of influence, you know in the 21st century right and in it's fascinating though because people approach the question of textbooks with the same zeal. i think that they did even in the 19th century which is to say if you open up the page of the new york times today or the atlantic there are still there are op-eds about what's being taught in texas or critical race theory or and so i think the idea of how are we teaching our children is such a huge question because to so many americans and people around the world. it's not just about teaching letters and numbers and how to read about educating p

but henry ford said "if you think you can't, you are right." the second note is easier? because you believed, you did it once. >> steve: obviously. aunt dave, why are we so bad with money basically? >> you know, i think all of us have a little kid down inside of us, the 4-year-old kid on the cereal aisle throwing a fit because he wants lucky charm bear to think we all have that kid in us. immaturity is "i do what feels good where i think short term." the young folks that work on my team call it a dull team. adult has now become a verb. so this idea we grow up and mature causes us to win. >> steve: speaking of kids, once again, the mind-set, the book is called "baby step millionaires" and you can get it at ramsey.com.ga good luck. >> step aside and we will be back in just a moment. for rich returns. entresto is the number one heart failure brand prescribed by cardiologists and has helped over one million people. it was proven superior at helping people stay alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't