with a board and publicly available stocks. it has been, at the core, more of a family business. in later years, some would argue more of a licensing business and so we have this core relationship. a lot of people can't blame the president for saying the closest thing i have to a cabinet or board of directors is my family. >> we're seeing a president run his administration and effectively the entire federal government the same way he ran a small private business with no stock holders, no board -- no oversight at all really and this is where he's comfortable. you have to step back. all the things rachel said about ivanka trump are true. she's been very successful in the business world sort of in the same way her father has been. but you have to step back and say what is her credential tool