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00:00>> GIDEON ROSE OF FOREIGN AFFAIRS, I SAY IT IS A PERFECT STUFFING STUFFER -- STOCKING STUFFER. WE GO IN SEARCH OF AMERICA'S ENTREPRENEURS. IT IS SO NON-FOREIGN AFFAIRS, WHY ARE YOU DOING CLAY CHRISTIANSEN 101? >> WE ARE ALL TALKING ABOUT HOW TO GET GROWTH GOING. WE DECIDED TO ACTUALLY EXPLORE THAT. WE CAME AWAY THINKING SCHUMPETER WAS RIGHT. MUCH OF GROWTH AND INNOVATION THAT WE ACTUALLY SEE COMES FROM A RELATIVELY SMALL SLICE OF THE POPULATION. HOW CAN WE HELP THEM SPREAD THE BENEFITS? >> IN 1946 OR 1949, THE AMERICAN ECONOMIC ASSOCIATION SPEECH WAS A WORLD AWAY FROM WHERE WE ARE NOW. HOW DO YOU DRAG SHUMPERT OR WITHOUT THE CLICHES IN 2015? >> WE LOOK AT SILICON VALLEY, STOCKHOLM, LONDON, ALIBABA AND SAY, YOU KNOW WHAT, THIS IS WHAT I WAS TALKING ABOUT. ECONOMIC DONE OMISSION, INDIVIDUAL PEOPLE WHO ARE CREATING NEW PRODUCTS AND SERVICES AND NEW WAYS OF THINKING THAT PUSH US FORWARD. AND WE WANT TO KNOW HOW GOVERNMENTS CAN HELP ENABLE THAT AND HOW WE CAN ALL REAP THE BENEFITS. >> THINGS LIKE UBER, AS IT MOVES INTO DIFFERENT CITIES AROUND THE WORLD, HOW MUCH OF THAT RESISTANCE IS JUST PLAIN PIGHEADEDNESS AND HOW MUCH OF IT IS ACTUALLY LEGITIMATE, THAT THIS IS NOT THE WAY WE WANT TO RUN OUR ECONOMY? >> SCHUMPETER'S CLASSIC LINE WAS INNOVATIVE DISRUPTION. IT IS APPROPRIATE TO THINK THAT THE DISRUPTION IS ALWAYS POSITIVE. I THINK SHUMPERT OR WOULD SAY TO HIS NET POSITIVE. UBER IT'S INCREDIBLY CHEAP AND EASY AND CONVENIENT, BUT IT DOES SCREW A LOT OF DIFFERENT WAYS OF DOING THINGS. >> A GREAT ARTICLE TALKS ABOUT OUR ENTREPRENEURIAL SLUMBER. >> THE STARTUP RATE IN THE U.S. IS DECLINING AND THAT IS A WORRISOME TREND. BUT THEN THE QUESTION BECOMES -- ONE OF THE THINGS WE FOUND OUT IN OUR INTERVIEWS, WE THINK ABOUT IT AS A SILICON VALLEY OR AN AMERICAN SPECIALTY. BUT IT IS MOVING TO EUROPE TO INDIA, TO ISRAEL AND ASIA EUROPE SO THE WORLD IS NOW GETTING INTO THE GAME OF ENTREPRENEURSHIP AND TECHNOLOGY AND INNOVATION. >> YOU MENTIONED ALIBABA. YOU ARE STARTING TO SEE THESE NEWFOUND BILLIONAIRES AND MILLIONAIRES SPENDING MONEY IN HER JOE, STARTING THEIR OWN TECH COMPANIES. WHAT DOES THAT SAY ABOUT ENTREPRENEURIALISM IN THESE COUNTRIES VERSUS HERE. >> IN THE LONG RUN, IT IS A GOOD THING. THEY CAN'T SAY IT IN THE SHORT RUN BECAUSE THEY DON'T WANT TO SUFFER A CRACKDOWN. BUT FOR SOMEONE LIKE A JACK MA IN THE LONG RUN WOULD LIKE TO SEE A CHINA AS A DYNAMIC AND GROWING ECONOMY FOR AN OPEN SOCIETY. >> THE ACTUAL PHYSICAL COPY WITH TYPE YOU CAN ACTUALLY READ, HOW ABOUT A DATA CHECK? NYMEX CRUDE, 56.50, ALMOST ALL OF A SUDDEN DOWN MORE THAN A LITTLE BIT. BRENDAN GREELEY WITH ME. >> HOW SUPER WAS SATURDAY? ANECDOTALLY , NOT REALLY. CANDACE, YOU GO INTO MALLS AND FIGURE OUT WHAT RETAILERS ARE DOING AND YOU ARE NOT IMPRESSED. >> IT IS A PRETTY SAUDI STATE

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