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and their partners on public television >>this special edition of one on one with steve adubato is brought to you from the tisch wnet studios at lincoln center funding has been provided by wells fargo
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north jersey's trusted source and northjersey.com commerce magazine this is one on one when you first heard that they were doing charlie rose and gayle king, didn't you go "what?!!" people like laughing at others
so i don't mind if the other is me you see? you go right into the character, that's what it is i'm bringing families together a half an hour each week, i mean i'm doing something special and so i do feel successful [music playing]
closed captioning provided by - - - -=aciem studios=- - - - - - - www.aciemstudios.com - - - >>hi, i'm steve adubato here at the wnet tisch studio in the heart of lincoln center you see in our open, one of the people you see is, did you ever see our open maria?
you were in it >>maria bartiromo >>[laughter] she is one of the people we had you from the previous network, and from a previous show, we have you back again maria bartiromo, who is a star over at the fox news channel
the fox business network as well, every morning people can see you six to nine, where? >>on the fox business network >>describe that show >>well the show is called mornings with maria and it's a morning show about everything that's
happening, but we try to give it an economic angle. so it's the you know, three hours, six to nine, when you wake up we want to try to arm you with all the stories and the information you need as you're getting ready for work, and as you walk out the door
>>what about on the weekends? >>the weekends? i'm in the fox news channel, on a program called sunday morning futures and that too, we're competing with the sunday morning programs, and that's obviously a political, sort of, you know slate of programs but we give it
an economic angle. so i feel like it's the only program on sunday mornings that you're getting the political story but you're also getting the economic story, so i'm feeling like it's where politics and business meets. that's sunday morning futures on the fox
news channel >>well, maria's a star over at fox, we... the pbs family have a connection there as well for those of us who participated in the special about italian-americans in this region in this country, you recognize that in fact it was maria
who anchored, narrated, hosted our special on italian-americans you loved doing that didn't you? >>i do, i love doing it i'm... what can i say? i'm a proud italian-american and you know when >>real quick on your family >>my father
>>brooklyn? >>brooklyn my parents still live in brooklyn grew up in bay ridge and... >>what part of italy? tell everyone >>well my father's family is from naples. and my mother's family
>>same here >>is from agrigento sicily >>wow. oh [laughter] >>yeah >>that's an interesting go ahead >>it's an interesting combination >>that's a whole show [laughter]
>>and my, you know, my father will say it's a completely different language, sicilian so they go at each other sometimes my mother and father but it's both areas are just terrific >>they're very proud? >>they're very proud
>>they're proud of you >>they're my biggest fans >>yeah, same here on my end not about your parents but mine but that's a... >>hey, describe the move how many years at cnbc? >>i was at cnbc 20 years 20 years, it was such a
fantastic 20 years >>you were the first on the new york stock exchange not just the first woman the first to report from the floor? >>yes, exactly right it was amazing. look, it was you know i had this unbelievably
really great front row seat of what was going on in business and the economy for 20 years at cnbc and going down to the floor of the new york stock exchange was new to all involved no one had ever done it on a regular basis, so when i first
got down there it was hard because people, there was certain factions on the floor that didn't want me there but, you know, i fought my way through and stayed there and i loved it, and you know being able to watch all of these things that have happened in
business from the empowerment of individual investors, when people were arming themselves with information because they thought that they could make their own financial decisions to the globalization of the markets to the dot com boom and the dot com bust
housing boom, housing bust the debt crisis in europe and here we are today. so i've just really loved my time at cnbc, but i was ready to go >>it's interesting, you talk about ready to go and we talked about our mutual friend bill shine, over at the fox news
channel and i... >>he's terrific >>well it's interesting because people in the business, we also talk about neil, our mutual friend >>neil shapiro's also great >>i should say my boss here at wnet, but we talked
about connections and relationships, how important in the broadcasting media industry are relationships? because you did make this move, and you made a big move to another place after 20 years at another place, how much of that had to do with trusting
other people at another network? you didn't know? >>well you know what? i trusted roger ailes, and i did know roger, because roger put me on the air at cnbc >>cause he was there at the time >>he was running cnbc at the time, so he put me on the air
20 plus years ago, and so when he came to me and said, "i have a really great opportunity for you, help me build the fox business network, and also i'll give you a program on the sunday slate of programs on the fox news channel" it was an opportunity i couldn't
pass up, and the truth is i really do trust roger, and i trust bill, and that was why partly why i made the move because it is about people and it's about the people >>and about trust? >>well it's about trust and it's about people
trusting those people and so, you know, i think we work so hard in this business and i know you do too, and i do, and at the end of the day you have to be happy with the people you're working with, and i just felt really good about going back to roger
>>talk about where we are today. post 2008? i mean that's a big part of your story our story, everybody's story where we are today, this many years later, after everything that happened in 2008? >>you know it's interesting i think that people became
afraid of the stock market retail investors have really not gone back into the stock market in a big way, and that's unfortunate, because the market's are once again at record highs. and if you're not in the stock market you are in fact leaving a lot of
money on the table, and you have not benefited from what we've seen over this whole eight year period of quantitative easing and you know rock bottom low interest rates. so i think because it was so... such a hard hit for everybody in 2008 that you saw the value of your
home go down, you saw the value of your 401k go down people have not yet trusted again. and so the institutional players are there, and they've benefited from what's gone on but retail investors have not on a broader economic scale things have gotten better
so where are we in terms of the economy? certainly we are looking at a better performance in terms of jobs, in terms of growth but we should be a lot farther along at this point in the cycle you know, we had the gdp out the other day and it was down
two tenths of a percent. i mean you're still talking about a two percent grow in the us economy, and you're still talking about a participation rate that is low in terms of people looking for jobs so economy, we're, you know sort of struggling along
it's still the best house in a tough neighborhood, around the world, the us is still the best but we still have some work to do there >>maria, when a lot of folks point to the big banks the big banks, post-2008 and want to say they are the
reason why we continue to suffer? they're the cause? you say? >>i say it's misplaced i say that sure the big banks made some big mistakes over the financial crisis but, i also think that there was a structure in place
there were regulators in place that were supposed to be overseeing things, supposed to be making sure that these banks did not take on excessive risk, and they were asleep at the wheel. so i think there's a lot of blame to go around i think today, what you have
going on is this whole populist theory that still plays well with the population and that is banks are evil and the banks are the bad guys here, i think it is misplaced i also think that at this point we've seen a lot of regulation you've got dodd-frank and
of course, you know, a lot of stringent rules that come along with dodd-frank >>excuse me for interrupting and those who say strip down dodd-frank, take it away, it is killing us, it is strangulating business. you say? >>well i say that's right
because i think that the banks are seeing all of these new rules, and all of these new costs that come with the rules, and as a result they're sitting on cash >>but weren't those rules in place because of what many of the banks did in 2008?
>>yes, yes absolutely but you know how it happens when you have a bad situation the pendulum swings too far and that's once again what has happened. you know, take for example, the fact that the financial services industry has completely changed
and dodd-frank alone is dictating balance sheets why is g.e. selling all of g.e. capital? that's half of its earnings. might g.e. is selling g.e. capital, half of it's earnings. why? because they do not want to be designated systemically important or
"too big to fail" and so they're looked at as a bank, and as a result, that comes with this "sifi" designation "systemically important financial institution" and it comes with a lot of new rules, a lot of new costs g.e. said, i don't want to do it
i'm selling g.e. capital so that i don't have to deal with being designated systemically important it's dictating balance sheets banks have stopped lending in certain areas, and they are giving that business to private equity, to smaller
regional banks >>and has what impact on the average consumer? >>well the average consumer is getting impacted because they can't a loan. why do you think the housing market has had such failure in terms of gaining traction in this
recovery just three seconds ago we're finally seeing the housing market start showing some signs of life it's been a long time, and the reason is is because it's become incredibly impossible for anybody to get a mortgage >>maria as we move into
this 2016 presidential race which we'll be covering on a lot of, from different perspectives income inequality, when people talk about equity, looking for fairness. ceo salaries being what they are, the great disparity between the haves and the have-nots, as a political
issue, but a quote unquote "economic issue" legitimate issue? >>look i think the way i like to talk about it is opportunity equality. because income inequality, i mean, we don't really think everyone is gonna make the same exact amount
right? i mean you're not necessarily looking for income equality where everyone is making the same thing, people have different jobs, jobs are different some people are working incredibly hard, others aren't and they don't want to
so, you really want equal opportunity, you want to be able to know that everybody has the same opportunity. and i think that goes back to education i think we are not educating our people with the right tools to actually thrive in this new economy, we're gonna need a
million new nurses and healthcare professionals in the next couple of years. do we have that kind of training? we're gonna need coding, we're gonna need to understand how to write software the jobs of tomorrow are not the jobs of yesterday
so, yes, i think it's a real issue that we do not have opportunity equality, i think when you say income inequality it plays, again, it's one of those things that plays with the populists, but at the end of the day, are we really looking for everyone to make the same exact
number? i don't think that's the goal, i think we want opportunity, and i think that really is needed. we need to ensure that our young people are being given the right opportunities to thrive in this new normal that we're all faced with
>>i'm curious about this you interview lots of folks in the world of business at the highest levels. alright you have been doing this for a long time and i'm curious about the question of leadership and how those people have seen it and how you ultimately see it
cause you've been in lots of positions of leadership what would you say the biggest lesson you've learned about leading is? being a leader? >>i think leadership is tough i think leadership... >>harder today than ever? >>yeah it is, because the issues
are harder than ever, and the issues are real. whether it be about where is the growth in the economy? or leadership in terms of foreign policy? leadership comes from understanding the situation, understanding the constituents, and taking a stand on something. getting
in front, and in many cases going against the tide taking a stand on something when a lot of people around you are saying "wait a minute is this the way to go?" and looking for answers from you leadership is knowing the terrain, and knowing where
you're going, and knowing where you're gonna take your people there, and communicating to your people how to get there leadership is critical, in any economy, and in any company and in any situation, leadership is critical >>are we lacking it big time?
>>i think we're lacking in a number of places, actually i mean when you look at the country's foreign policy i think that there is a lack of leadership, because you've got these terrible things happening all around the world when you look at the race
relations in this country somebody needs to bring us together. somebody needs to lead to get us all on the same page. we are all the same and why we're having such failures when it comes to race relations in this country is really sad
>>on that very provocative and important note, tell everyone again where they can see you every morning? >>every morning i'm on on the fox business network from six am to nine am eastern >>how about the weekends? >>on sunday morning i'm on the
fox news channel on sunday morning futures, ten am live to eleven am, ten to eleven >>so when you watch one on one every night on public television you see the beginning strip of some great folks, we're gonna actually get a new clip in there, from maria, and with
her new gig, okay? >>okay great >>you're always great to be with us, stay right there >>thank you so much good to see you, steve >>stay with us, we'll be right back, you're gonna love who we have on right after this
as well, even after maria that was great >>to see more programs, visit us online at www.steveadubato.org if you would like to express an opinion, email us at info@caucusnj.org find us on facebook at
facebook.com/steveadubatophd and follow us on twitter at @steveadubato >>the public television family welcomes one of the biggest stars that we have, everyone knows her lidia bastianich restauranteur, author and
emmy award winning television host of lidia's italy. how are ? >>i am fine. thank you steve i'm so delighted to be here >>yeah we're delighted to have you, and by the way, you were one of the stars of our pbs series about what it means to be italian, italian-american
and that was just great that was big, right? >>that was a big series, yes yeah i had interviewed, i was interviewed, i loved it >>they dedicated a lot of time and you know, the sort of resonance in the community was >>great
>>yeah our boss at wnet neil shapiro >>yes >>who's italian [laughter] >>he thought hey what a good idea >>what a good idea >>exactly. we were joking about this, but in all seriousness
you have built an extraordinary empire, by the way, lidia's seen on in 260 some odd pbs stations across the country, she's also seen right here in this market wnet, njtv, wliw, everywhere the empire you've built short version, how did that happen?
>>it's you know, it's an evolution of opportunities you know i came as an immigrant, i was 12 years old, to new york >>i come from... the area's interesting, and the reason why i'm here. the northeast region of italy, friuli-venezia giulia
italy has 20 regions. but that region borders austria on the north, now slovenia, but where i was actually born is a little peninsula istria, it's no longer italy. after world war ii, the division happened, italy lost the war, and that part of italy was given to the newly formed
communist yugoslavia the iron curtain went up and my family was caught behind it. and then slowly took a few years to get organized, and they escaped cause they wouldn't let you leave, you know, there was an opening moment that you
could leave, but then once the iron curtain went down, you had to stay, so we literally had to re-enter, escape back into italy and then move on, and my mother my brother and i were allowed not the whole family my father had to escape we met in italy, stayed with
family, and then ultimately went into a political refugee camp for two years. and we were brought here by the catholic relief services we had nobody here, and this great country, the opportunity that were given to us here, starting with an
education, and then along the way, hard work, education and just, i guess, working together on ideas, it happened >>it's a family business isn't it? >>it is >>describe who's in the business cause your son...
>>well >>is very much a part of it but it's more than that >>yes my son and my daughter and i have them to... but it began way back, you know, my mother she helped me raise my children so i could work, the children... she helped in the restaurant
the children when they were small, you know, dinnertime >>where was the first restaurant? >>it was in forest hills >>really? >>yes, it was called buonavia and it was in 197...? >>buona...?
>>buonavia... "good road" >>buonavia, yes yeah exactly >>and it was in 1971, it was a tiny nine table place my husband and i, now i wasn't a chef, because i was rather young, but i loved cooking and i cooked through school to pay my school, but my
husband was the restauranteur and he wanted to open this little restaurant and he said you know, i'm gonna, i said okay i'll help you, and then i had my son already, and we hired... >>look at this >>that's me, behind the bar at [laughter]
>>no it's not >>[laughter] it's a younger version of me >>oh my god >>what can i tell you steve? yeah yeah, yeah yeah, and that's in '71 or around there in forest hills >>wow. and so restaurant after
>>well that little restaurant kind of, we hired a chef, i went in the kitchen with the chef and became the sui chef for ten years, and i really got to hone my skill, went back to italy, went to school, because i loved cooking with my... it goes back to my grandmother
in the kitchen with her and then i became a professional chef, so within '71 to '81 we had buonavia, it expanded we bought another restaurant villa secondo in fresh meadows then we sold those two and we opened felidia on 58th street >>oh
>>did that change everything? >>i think it did... >>did felidia change everything? >>it did. so it was the turning point, you know, everybody would tell us out there, oh you guys should be in manhattan and >>you put that in quotes?
>>[laughter] and so i was the chef then, that's it [laughter] >>i didn't expect that >>where did you get these pictures? >>don't worry about that >>yeah we know people >>you know... i guess so
and i became the chef because by then you know, the ten years of training, and when i went in the kitchen, you know there's the italian-american food, but what really if you go to italy you eat the regional food >>that's right
>>so you know, i said "i'm gonna cook what we eat at home" and instead of cooking the regional food, and that's what piqued everybody's interest what is this woman cooking that's different? >>couldn't find it anywhere else?
>>exactly. it's polenta, jota you know what jota is? >>of course, but wait a minute hold on, back up. because our family's from naples >>uh huh >>and i love where our family comes from, and i was weaned on that food, what you are
decribing is nothing like and i know if you're not italian or don't come from italian families, they're hard to recognize, or appreciate what you're describing is nothing that i'm familiar with i mean i know what you're talking about
>>but it was, you tell folks how it would be nothing that i would be familiar with >>exactly >>and we had italian meals every weekend >>well but you know, the italian tradition, 20 region, every region is extremely different
and if you go to italy now... >>and the region's not a piazza? >>exactly it's not a piazza and but coming in here what in america really the italian cuisine was the cuisine of the immigrants, the italian-american cuisine which was, you know, the big influx of the italian
immigrants came at the end of the 1800's >>they came here with, you know the flavors and... but they didn't have the products >>wow >>so they cooked with their memory with the products that they found
>>and the italian-american cuisine was born. a valiant cuisine, a great, a delicious cuisine, i love it, but regional italian cuisine it different and when i get in the kitchen i cooked when i was eating at home, and that was the region and i had all the, and i mostly
focused on my region, which was the veneto, the the friuli venezia giulia, so you're talking about sauerkraut, you're talking about noodles, you're >>talking about polenta, you know, that's italy >>and lidia, do this, because you have a new book coming out
when? >>in october >>october, we're taping this in late june, middle of the summer >>mm hmm >>describe what we're going to why we're gonna love this book what's in it?
>>you're gonna love this one this is in october, about october 19th, and this is the fact that it has more than 400 recipes, it has a glossary it has instructions, it has memories, it has, you know kind of, all the little kinds of sensibilities that you need in
cooking, but it's because it's not just about the recipe, it's those italian kind of things the rest of... grandma would teach or whatever you know makes it like that, or half cover it, or add a little water at the time, or whatever. so this book has the techniques, has the
explanation of the products how to store them, how to buy them, how to use them of course, the glossary a whole big glossary of names of products and expression usually used in italy for food, the explanation of what is "trattoria"
"fattoria" "ristorantino" "asturias" you know, all these kind of really pieces of information that i think it's a >>that we don't... that a lot of folks don't know or they assume they know, it's historically valuable information
>>yes it is. it's like a dictionary within a recipe technique book it's yeah, i mean it's... a lot of things... i accumulated this for... i says i gotta put it down and i gotta put it down so that you know, it can really help people
>>that's wonderful >>so it's gonna be a good book >>do you have a... what about a tv project? >>tv project? i just finished >>taping lidia's kitchen >>lidia's kitchen? >>yeah, 26 new episodes and it's based on this book
of recipes >>it's based on the book? >>yeah this book's recipes so that's gonna also come out in october, so we're gonna have some great great new shows recipes, and you know, within the show, a little bit different you know what i did? i included
the masterclass, which this is a, so when i do a technique i kind of summarize it, and i said okay, this is the masterclass this is what you should do with this recipe. so it gives them kind of concise direct instructions >>where does your confidence
come from? >>huh, i guess, i don't know a lot within, a lot from... >>yes you know >>i do, i had great support i think from my great support family and also the difficulties that i encountered in life and building strength, to overcome
them, and but you know i have a lot of passion, i just love what i do, i have a great time, i love communicating, i love doing it, i love the research part and then i love kind of sharing that whether it's in the restaurant cooking, so you say, okay the restaurants, how many?
i love working with my chefs you get a young energetic chef that has a lot of ideas, and you couple your ideas my ideas, with this young energy a great restaurant happens >>yeah but see, it all makes sense, and you've been an unbelievable entrepreneur
and you are your own brand but i am also fascinated selfishly, and you know, and i bet a lot of other people are too, as to where... because rejection is part of the business, and i don't know how much of that franky you've experienced, because it
seems to me as an outsider we never really know how someone gets to be where they are, and my point is, how have how did you deal with all the early turn-downs? cause it isn't all just >>it is... it is... >>yes lidia, yes we're gonna do
this project >>no no no no, no, but you >>go, you know, greenlight >>you take a step back, you take two steps forward. i know that's easily said, but you literally have to have the confidence and i think that came for me a lot really from my family, you know
my mother was always there the children, my father until this day, you know, the children are in the business now you know when i had the small restaurants and they were growing up, i always told them, you know, you're not gonna do this, you're gonna go
to school, you're in america you're gonna get an american job >>education? >>yeah, education [laughter] >>an american... say that again! an american job? >>yes, you gonna get your education, get an american job
so, they did. my son, he was in the business, wall street >>right >>masters,my daughter got her phd in renaissance art history and they both worked with me and in thier own kind of expressive way, my... the
expansion of the business i think had a lot to do with my son joining, and... >>your son, excuse me, who works directly with mario batali >>yes, we are partners mario, joe, and myself themselves, so we have a lot of partnerships together
like, you know, with del posto and esca, and the eataly kind of we're partners into an... >>we just did a feature on eataly >>so, i w... >>with our american partners >>and their brothers adam and alex saper
they're great, they're wonderful, and so the five of us are the partnership of the usa part of italy. and, you know, we are partners with the italian the oscar farinetti of italy >>did you ever think that you would be this kind of business woman?
>>no. i never did, i knew i had confidence, you know, you know one thing steve, i remember when we came as immigrants... >>a few seconds left, go ahead >>yeah, when we came as... >>you know time better than anyone on pbs, right [laughter] >>yeah your own path
>>go ahead >>i'm getting to it when we, i came as an immigrant you know, i remember my mother telling my father quietly a lot of times, that we do the right thing coming here, that we're bringing them, is this the right decision? and i think back
in my mind, i was set to prove to her, that this was the right decision, that this is the best thing she could have done for us >>you love this country? >>i love this country, i think it is the greatest country you know, i... when i was 18
two months before, i applied for my citizenship when i was 18, i became a citizen >>we are so happy that you became a citizen, and even happier that you've contributed so much to this country and you make, not just all of italian-americans proud
but all of us proud, thank you lidia >>thank you steve, stefano >>stefano >>one on one with steve adubato has been a production of the celebrating over 25 years of broadcast excellence this special edition of
the tisch wnet studios at lincoln center transportation provided by air brook limousine serving the metropolitan new york new jersey area >>i think at njit, there are a lot of smart students >>i came to njit for mechanical
engineering, because within state, it's one of probably the top three schools for engineering >>it sort of creates a friendly competition, where you know you can learn from them >>it's a great academic school >>i feel i'm being challenged
but at the same time, i love the classes i'm taking >>the atmosphere of being here is like being at an upstart company. it's that same kind of drive, that same kind of passion
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