? >> coming up on "bloomberg best," the stories that shaped the week in business around the world. the fed holds rates steady inflation creeps toward its target. >> i think the statement is loud and clear. mission accomplished. nejra: while aprils jobs report provides more data to chew on for june. >> the big mystery out there is what is going on with wages. nejra: mergers abound but hurdles still remain. >> is not a takeover. it is a combination of two great businesses. nejra: apple's results stand up in a crowded earnings report. much maneuvering, but scant process on negotiations over

tariffs and brexit. >> this is not a good situation. the prime minister has got to get a solution to this. >> they are dividing and conquering when they need to work with the european union against china. nejra: plus, a who's who of financial leaders discuss at the milken conference in beverly hills. >> interest rate increases this year could the one increase more than what the markets expect. >> part of why we see interest rates going up is because it creates economic growth. that is a good thing. that is a good thing. >> i'm confident that the next correction is not imminent. nejra: it is all straight ahead on "bloomberg best." ♪ nejra: hello and welcome. i'm nejra cehic. this is "bloomberg best," your weekly review of interviews

from bloomberg television around the world. the week began with a flurry of mergers including a third try at a tie up between a pair of big telecom companies. david a big weekend for mergers. :marathon buying endeavor. warehouse giant pro logos. t-mobile agreeing to buy sprint. at long last, for more than $26 billion in cash and stock. you keep saying it is $26.5 billion. there is debt they are taking on. it's a lot more than $26.5 billion. >> it is substantially more. it is also an all stock merger with an exchange ratio, so what the price is today is not what the prices tomorrow. it will move around. there is a lot of risk on this eel. you will see that play out in any spread you will look at. people will say the antitrust risk is huge. the government already said they don't like this deal. there is a high chance this does not get done.

>> what is different now is 5g. this is imperative. we have fallen behind it to china. t-mobile and sprint together is the only company that can change that. second, we will supercharge the uncarrier. customers can look forward to a broader range of service, more rural service, more broadband condition, lower prices, and last, jobs will go up. jonathan: the president delaying tariffs on u.s. allies until june 1. that's as trade talks ramp-up. >> joining secretary mnuchin in china this week will be commerce secretary wilbur ross trade , ambassador, bob chief economist larry kudlow. , peter navarro and the ambassador to china, so it is an ideologically diverse group heading over there. while this is brewing with china, the fallout coming from

bae you, putting out a statement saying they feel they should be eminently exempted. saying "we will not negotiate under threat." meanwhile the united kingdom saying they will be working with the european union on this saying they remain , concerned. all of this comes while here in washington, republicans urging the president to reconsider. >> the u.s. has a strange strategy. it could get the european union to help them with china. the european union is just as worried as the united states are about china and how they deal with intellectual property and subsidies. but now the united states has alienated the european union with these metal tariffs. they are dividing and conquering when they need to work with the european union against china. ♪ >> apple reporting its fiscal second-quarter numbers. the beat on the revenues and a beat on the earnings. iphone units sold, 52.2 million,

the estimate there 52.3 million. a touch softer, but i call that bank in line with estimates. technology anchor emily chang has just spoken to apple ceo tim cook. emily: lots of questions about the future of the iphone x. given that there has been some weakness going into this quarter when i asked him about , the iphone x, he said it was the most popular iphone every week in the quarter. it's the first time since the six and six plus that new iphone has been the best-selling. that is an incredible result if you think about it. there are a lot of questions about the price. when apple comes out with new phones in september as we expect them to, will they stick to that $999 price that is pushing $1000, did he have concerns about the price. he said, i don't have concerns about the price.

i think it is priced for the value that it is. it sets us up for the next decade. tim cook: what we can see from the results is that the company is able to drive growth along several different areas. the iphone execution in that business was solid. the growth in services shows that apple has built out a differentiated ecosystem that customers value. lastly, i would point out, we obviously saw the big increase to the stock buyback and dividends. this is a company that is shareholder friendly and focus -- focused on the long-term. shery: where just moments away from the federal reserve interest rate position. what they expect interest rates to be unchanged, they will be closely watching the commentary. >> the decision from the fed, unchanged. only a minor tweak to the language on inflation. although it could be an important one. with the dce price index at the say itet, policymakers

has moved close to 2%. they dropped their pledge to monitor inflation developments closely, and say, "inflation on a 12 month basis is expected to run near the committee's symmetric 2% objective of the medium-term." the fed is telling you that this inflation is no longer a concern and a symmetric target means you can expect inflation to run above 2% at least for a little bit. >> i think the statement is loud and clear. mission accomplished. >> rather than say we got here, we did it, they said, we are almost here. so they didn't pop the champagne cork and say we are really here. they're expressing some doubts. >> it gets back to the idea they are willing to overshoot on inflation even as , they are raising rates and allowing unemployment to continue to fall. i think we will get to four rate hikes this year.

>> the economy seems to be on the track that they thought it would be on, mainly tight labor markets, pretty good growth, and inflation coming up a little bit. they will watch it and they will certainly keep on their schedule of raising unless something terrible happens. >> tesla beat first-quarter results. elon musk predicting profitability in the second half of this year as model three production speeds along. shares went into reverse in late trade after a testy conference call with analysts. >> we're going to go to you too. sorry. these questions are so dry, you are killing me. >> he was clearly more interested in talking about the product roadmap and the model y. that is what he likes to talk about. he was dismissive of concerns about the balance sheet. you are seeing the shares decline because of that.

>> shares of tesla fell as much as 8% as investors trying to make sense of musk's reaction. >> the contentiousness was all one-sided. it was a situation where it will be a situation where this is a company that likely is going to need to raise cash whether musk says he wants to or not. he does have the ability clearly to get the money from his customers and he still has a significant amount of deposits on his balance sheet but certainly, the expectation is he will have to sell some stock or debt again. david the united states and : china fought to a draw in the first round of their trade talk over beijing with no progress reported. give us a sense of what the u.s. was after in these negotiations? enda: they presented a lengthy list of demands from their chinese counterparts. one of them was described as impossible to agree with. the take away was to narrow the

trade deficit by by $200 billion 2020. there was a series of demands linked to opening up market access for u.s. companies, protection around ip, reduction of tariffs and most interestingly, throughout the document there is a demand on china that they do not retaliate to u.s. actions. a lot of people point to those clauses in particular as being especially a fundamental hurdle for china to agree to. a lengthy list of demands from the u.s. china also made similar demands on its side. jonathan the economy adding : 164,000 jobs in april, just falling short of estimates. the unemployment rate falling to a stunning 3.9% apple earnings coming at 2.6%. >> this looks like a full employment jobs report for the fed. usually the headline unemployment rate has fallen to

its lowest level since 2007. if you look at people flowing into jobs out of the labor force, those are pretty far down. at the same time, the big mystery out there is what is going on with wages? that opens up a big question for the fed. you have full employment and all of the signs of the labor market is moderating, but you are not seeing the wage growth you would expect. ♪ nejra: still ahead, as we review the week on bloomberg west, highlights from a slew of earnings reports. plus conversations with steven bonds andon treasury wilbur ross on trade and tariffs. we will hear exclusively from the traitor whose bets were more to life in the big short. what troubles will he see on the horizon? >> you will see more trouble in the corporate market and the equity market and structured products market. nejra: up next, more of the top business headlines. mark zuckerberg has been on the defensive over data privacy, but he is not backing down on product innovation.

>> facebook is announcing a lot of things we thought they would always do but never have done. nejra: this is bloomberg. ♪

nejra: this is "bloomberg best." i'm nejra cehic. let's continue our global tour of the top business headlines with another megamerger of two u.k. grocery groups. >> british grocer has agreed takeover terms with a walmart owning 42% of the combined entity. a lower percentage in terms of voting. >> this is not a takeover. this is a combination of two great businesses. the management team has made the best of both businesses. we will run two separate head offices and a dual rant strategy and the u.k. >> they have been saying there

will be consolidation in retail. this was seen as a consolidation driver. but i think investors are thinking that this deal will go off well. the big question is what does the regulators say? ♪ francine a titanic merger in the : u.s. oil industry. marathon has agreed to buy endeavor for $23.3 billion. the combined company will be the largest fuel maker in the u.s. what does it mean for the industry in general? companies inwo different parts of the country and now the biggest refiner in the country they have , 15% of fuel making ability in the country. not only that, they both have large pipeline assets. they are a giant presence now. >> combining these two assets we believe we can lower our costs by the billion dollars in what we call synergy. when you take $1 billion out of two companies, it is good for the shareholders but it is also

good for the consumer. ♪ francine the u.k. prime minister : theresa may has named her secretary. she replaces amber riley who --igned, -- amber riley rudd. now, she backs brexit. >> she has the cabinet and then a sort of inner war cabinet. so far the balance on the , cabinet has been evenly split leavers and remainers. with this appointment, the balance has shifted in the inner cabinet. mark meeting of theresa may : ending in a crisis with the majority both as suffered may another defeat in the house of lords.

peers backing an amendment to avoid a hard border in ireland after brexit. >> this is not a good situation. the prime minister has got to get her solution to this. >> the real negotiation, the higher stakes talks are here among the british officials and british policymakers. until that is sorted, the e.u. can just to sit on their hands. ♪ minister israeli prime says his country has documents saying iran has the capability to build nuclear bombs. bob corker said these allegations were nothing new. what was his audience? >> he had an audience of one. it was donald trump. to some people it will resonate, but honestly as people follow , this closely to the european capital, the sources have told us this doesn't really move the needle. i think he was aiming at trying

to convince donald trump to get out of the nuclear deal in the coming days. ♪ >> facebook developers conference is underway in san jose, california. following the cambridge analytic a -- cambridge analytica scandal, mark zuckerberg addressed those concerns. users now have the option to delete data. >> zuckerberg has said it is one of many things they will try to do to regain the trust of their users. beyond that, this is a conference for developers. he wanted to make the point first and foremost that they should keep building with facebook. facebook is announcing a lot of things we thought they would always do but never have done. uploading and downloading for comments, for example, is another thing they did. big, importanta move, because of the way it works on facebook is leveraging

peoples mutual interests in attending events to match them up. it is something that is already integrated into the platform. >> the xerox ceo because he is , resigning brings an end to a proxy fight with activist investors. they had sued to block the opening plan to sell to fujifilm. why did investors object to the fujifilm deal in particular? objected to a couple things. the ceo's play to make the deal in the first place. there is an allegation out there that he did so to save his own job and that he engineered this in a way that bypassed carl icahn's interest. the main point is the money. carl icahn did not see the value in this transaction. that is because it is a complicated share swap transaction with no cash in the deal. if you are carl icahn, you did not become a billionaire by doing share swaps. there would be a lot of debt

left. he did not like that idea. now it is in court and looks like it is heading in his favor. ♪ david when congress was debating : tax reform last fall, we heard warnings of the effect on high tax states like new york. now, we hear that alliance bernstein holding will move its corporate headquarters from wall street to nashville in part because of the tax differential. >> you wonder if you are in and around wall street if this is a bit of a southern canary in a coal mine. taxes are definitely a part of it. a lot of southern states, including tennessee and nashville in this case are taking advantage of these high tax jurisdictions and luring people down. we were told they set out on almost an amazonian surge for a new headquarters. they looked at 30 cities in the -- and the main thing they were looking at was lower cost of

living and education and quality of life. cost has become a real factor on all street. ♪ julie amazon pay, it may not be : as well-known as paypal, but if amazon has its way it will be. the online retail giant is offering discounts to retailers to expand its payment system. >> amazon's payment service has been a challenge for them. it is similar to paypal. if you're on a website, you can rather than enter your data and , deliver address, you can login with your amazon service. the wariness has always been, do i want to share this info with might be competing with me as a retailer? they're trying to offer a discount hoping that once they take the leap of faith will see positive results. >> xiaomi filing in hong kong for potentially the the world's largest ipo since alibaba back in 2014? >> using hong kong's new rules for going public here it two days after the rules came into effect, what is your initial takeaway? it's not exactly the company at

its peak. >> actually, they have had a goodyear the last eight months. they have timed it perfectly. what they've done in the last 18 months to ramp up the numbers. a great turnaround story. the bankers have got a great story to tell investors as we go into this ipo process. we've seen the smartphone business do very well and they are spending a lot of time talking up how their shipments have done very well. they have got that momentum. >> what is interesting with xiaomi is they say they're going to curtail their hardware profits and the gross margin will be restrictive to 5% but that implies that building their in store base which allows them to push more services and those businesses are at a 40% to 60% gross margin, depending on what are, -- our dust they they are that obviously gives , them better prospects and takes them more toward the 80% or 90% that samsung is able to do. ♪

nejra: this is "bloomberg best." i am nejra cehic. this week, the u.s. treasury announced that net borrowing reached record levels in the first quarter of 2018. 10 year bond yields have been hovering near four year highs and the fed is expecting to keep hiking rates. steven mnuchin stopped off at the milken institute mobile conference on his way to china for trade meetings. stephanie flanders asked him if he is concerned about the state of the bond market. >> i think the good news is the u.s. treasury market is the most liquid and robust market in the world. while i won't comment on interest rates because i respect the independence of the fed, what i will say is the market, the forward curve expects interest rates to go up. how much it goes up and how fast it goes up we will , see if it is more or less than

the market predicts. part of the reason we see interest rates going up is because we have created economic growth. that is a good thing. we have been focused on targeting 3% sustained gdp. part of the reason why they have backed up is because of that economic run. >> bob michael said on bloomberg this morning, he had never seen as bad the market conditions as it treasury market so much supply coming in. the central bank and federal reserve and others running down their balance sheet, so many things coming together. >> let's say again, it is a very large, robust market. it is the most liquid market in the world. there's a lot of supply, but the market can handle it. to 3%you see yields going with bond markets responding to that? is there a danger level that you think it's not three, but is it four? what would worry you? >> let me just say i have

, tremendous confidence in chairman powell and his leadership at the fed. lots of these issues are interrelated. it depends on where inflation is, on where growth is, depends on where unemployment is. there are lots of issues that are all interrelated. i'm sure as they look at monetary policy. >> the fact coming into it is you may have reduced demand and a big increase in supply. and that is independent of the fed policy. were also talking about the amount of supply that will be -- >> by definition supply and , demand will equate. >> it could be at a very high rate in terms of yields. >> i'm not concerned about that. there are is ill a lot of buyers of u.s. treasuries. nejra: there's still plenty left to cover on "bloomberg best," including earnings reports of bp and some of australia's largest banks. coming up, more conversations from the milken global conference. >> we're talking to ceo's right

now. ceo confidence is also relatively high, but people are also cautious. nejra: this is bloomberg. ♪

♪ nejra: this is "bloomberg best." i'm nejra cehic. leaders in politics gathered at the annual milton global complex . with erikn schatzker's conversation with david solomon on the topic of volatility. >> i don't think i can the difference between good volatility and bad volatility, but i would say that the first wherer was an environment for a variety of reasons, our clients were more active in shifting portfolios, and

changing the assets they were holding in the positions, and given the strength of the franchise, they performed very, very well. the results reflected the fact that clients were more active. >> does that reflect more conviction on the client's part? -- what are they telling you terms of their conviction? >> you talked to different client and you get different convictions about different things. it is a cost-shifting landscape. there is no question in the first quarter, there was a sense that we are heading into an environment where rates were moving, and i was getting people focused on shifting where they were positioned. in terms of talking to people, high, but relatively they are cautious.

the growth cycle could run for a while, but people are cognizant of the fact that asset prices have been going up and there has been a shift in military policy that could lead to changes that people want to be cautious about. >> we think there is an opportunity in europe stemming from banks. banks basically have, and a pretty good way, a cleaned up that hasheets, and in consumerunity credit to buy big portfolios at attractive prices, and put them into private, fixed income structures in a way that you realize the cash flow. >> is there an opportunity in

particular countries? >> it has been in italy and spain. banks are doing fine. there has not been much in germany. name-specific.ry beene u.k., there have things happening concerning the financial crisis. ando you think european eurozone will work better together? that is quite positive. president's that -- -- he is trying to do the right thing. hopefully, he will make concessions and get france to be a good partner with germany in the labor market.

but one of the things positive for europe is banks are now in very good shape. numbersnk the inflation are not completely showing the real inflation in the market. i think that is one of the problems, the way they are measured is still measured and historical ways, not really reflecting the markets today, and so that is why my thinking is that the interest rate increases, could be one increase more than what the market expects, and not impossible to have 50 basis points. >> stone set of 25 basis points, 50 basis points? >> may be towards the end of the year is possible. >> what would prompt that? >> exactly what we are talking, unemployment. unemployment goes down, employment pressures increase, and inflation goes up faster than what the market is expecting right now. ironic that the

u.s. administration is putting on a trade war right now because there are a lot of consumers in china, 300 million, and the chinese and president said they will import -- worth of goods. this is going to hurt everyone. a lot oflose off opportunities for producers and the united states. >> alibaba says they plan to create one million jobs in the united states, and they said they may not happen if a trade war moves ahead, will those jobs not be created if the president states support? >> they said they could possibly create 10 million jobs if the trade flows are open, but if , if theretrade wars

are opportunities for small businesses that are being shut off because it is a trade war, then the consequences would be quite severe. >> the president decided to delay one-month the imposition of steel and aluminum tariffs. you have been leading talks with the e.u. why were you able to reach a deal? >> we are having very productive discussions, and we are hopeful that we can come to a mutual agreement that will protect the national interests, the national security interest in steel and aluminum. doing overl you be the course of the next month to reach an agreement with the europeans? >> i have been having discussions with the commissioner, my counterpart there, almost every day since we first came up with the tariffs. those will continue. >> he said the u.s. trade

deficit with china was due partly to -- what do you mean by that? >> sure. forced giantansfer venture agreements with intellectual property, cyber breaches, artificial barriers to and regulatory approval. china, as you probably know, talks a lot about free trade, but in fact, their behavior is highly objectionable. much more protectionist. those are not characterizations. those are facts. >> how have they responded to those facts? >> those are facts. nejra: now for another bloomberg exclusive, greg litman became

famous as one of the trade is per trade in the movie the big short, but never sat down for television interviewed when he told erik schatzker what he may trigger -- what he think may trigger the next market correction. >> if the first quarter volatility is bigger, you will see a lot more trouble in the corporate market and equity market. i think the consumer is in much better shape than the corporate. consumers are less levered and corporate are more levered precrisis, and i think structured products -- not what will happen this time. i feel strongly that in an adverse environment, structured products will outperform. if you remember in 2002, there were not a lot of structured products, and they were in 2001, up modestly

2002. >> were are you best opportunities right now? >> our portfolio is more diversified than before. down 20%. from a high level, what i am trying to do is construct a portfolio that generates enough returns until the next correction that people are happy with us and satisfied, but it is construction -- it is constructed brutally enough that we survive the next recession. >> what does it feel like to you? does it feel like we are getting close? every day we are closer. by definition. on whatnk a lot depends happens with interest rates, what happens with wages and cost pressures, what happens with trade. things withwith

china getting sorted out, i am confident the next correction is not imminent, super imminent, but is on the horizon, and we are ready for it. ♪

♪ nejra: this is "bloomberg best." i'm nejra cehic. andings reports for front center in this week's business news. let's resume around up with results from british oil producer bp. bp has imported numbers this morning -- has reported numbers this number -- has reported numbers this morning that be the highest analyst's estimates, but cash flows came in less than what analysts expected. we that so many bucks a barrel. are you surprised it went up a ?ittle bit questio question

those relatedn of to a doj settlement, the bullet payment that when out in the first quarter. we reached the peak of quarterly payments, and that is why net debt rose. you will start to see that come down as the year progresses quarter on quarter, especially given for prices are today. retail -- largest posted hired in quarterly revenue. sales doubled. meanwhile, alibaba forecast revenue will grow more than 60% next year. this was a real growth out quarter for alibaba. >> revenue grew 61%. this is the eighth straight quarter that alibaba has posted

revenue growth of more than 50%. sold $715 billion worth of merchandise this year. that is $105 for every single person on the planet. -- monthly active users. the big part of that is in cloud computing. they saw growth of 103% this quarter. that is a really big number off the top. >> someone to turn to another tech company. cannot forget snap because they reported their results as well. wow. are you surprised at how about users took the -- took to the redesign? >> in some ways yes, in some ways no. social media is like fashion companies. you have the celebrity endorsements and the celebrity discussions, and that influences the social media platforms much more than any technology-type

products. there is a history of social media platforms that were around and then gone, not to say that thingsll be gone, but change much more frequently. the funny thing is we are talking about apple as a hardware company with services. snap calls himself a camera company, you know? and the spectacles thing is not been doing very well. >> big pharma companies pfizer themerck reported earnings a beating earnings per share, but pfizer was down somewhat and merck is unchanged. what happened with mark and pfizer this morning? >> mark's results had a very strong results from their cancer franchise. thathad an oncology drug is first in class and is emerging as a leader, and driving the business. the pfizer story is different. their revenue was not quite what analysts were expecting, and what investors are looking for now is obviously with pfizer,

they make big moves, and have shown willingness to do big deals, and people have been looking at them to say, a lot of money is coming in, what are you going to do next? returning money to shareholders and a $2 billion buyback, but that was not enough to please investors. the stock is down after europe cost biggest bank reported cost that rose at a faster pace in revenue in the first quarter, suggesting it would be invest excess capital generated in the future. >> i think the buyback we mentioned this morning is in line with the pattern of what we have done in the last couple of years. those in the community expecting more. but the numbers for the first quarter bear out is the growth environment we are seeing across some of our network markets. we have a good revenue progression across retail bank, wealth management, commercial banking, and our focus has always been in putting our capital to work.

first-quarter earnings missed analyst's estimates as trading revenue at the second-largest bank of france fell. the company also announced a reshuffle of top executives, naming four deputy ceos. >> it is quite specific. if you look at the market's dynamic in the first quarter, the biggest rival has been the equity market in the u.s. our exposure to the equity market in the u.s. is smaller than competitors. it is a -- it is a direct result of our -- watching going to be the open in sydney, the bank

missing expectations in the first half, and also forecasting difficult trading conditions ahead. >> the housing market is slowing down for good reason. but that puts a little bit of pressure and makes the market much more competitive. >> the ceo was clear and the forlts that the golden era still you backing for the past 20 years, he says it is over. a combination of things. we just talked many times about more regulation coming through to the sector, and we are seeing slow weight growth -- sings low-wage growth, and there is increased competition, as well as the more attractive parts of the bank's. it is a bit messy. are difficult to reconcile. it is not a bad result, but not bullish on the future. >> national australia banks reported a cash profit of 2.1

billion u.s. dollars, and announced plans to spin off its asset management business. >> we have a wonderful business and private bank, and consumer bank, and we see great opportunities in corporate infrastructure and renewables. and while we think wealth is important for our clients, we say the business has been doing better with ownership than the bank. closing in on is his return -- bill winters is closing in on -- the bank still has not shaken off concerns of cost and growth. >> we saw the highest quarterly revenue. since june in charge 2015. initially, the shares jumped up on optimism that they may hit targets. sfl spoke toon the investors, they said the cost may rise this year which has

been a perennial issue in terms of restructuring and implementing compliances. there was could growth in asia, -- theyre seeing them are fairly modest on equity target. forecast,ut its saying the german company pushes to close at $66 billion purchase of monsanto. what is the strength of the euro mean for bayer? it is met by foreign exchange. it is important to focus on the underlying performance, and we are pleased to report sales increased by 2% across the group against a very strong prior-year quarter, and in terms of earnings, if you exclude currency, we met earnings of

last year, which is the strongest quarter of the year. let's wait and see were currencies move. i remember last year when people were talking about parody of the euro-dollar, i think the rest is history. -- reported first-quarter exchange10% at an rate. the sporting german goods maker reiterated its growth to grow revenues by 10% this year. a currency story here is amazing, and the sales growth will be impressive for investors, but the conversation is all about kanye west after his slavery comments. how do you interpret what kanye west said? mention comments every single creator is making. kanye west has been a fantastic creator. he is a very important part of our brand from a revenue standpoint.

part of how wet promote our products and parts of the world. our adidas brand group in the 11% at 23%, and growing under the adidas brand. while kanye west is an important part of the adidas brand, they are a large global company with a strong presence around the world, and will continue to perform well. >> have you had any conversations about dropping kanye west? >> no. ♪

♪ chart of yourou a debt distribution, we see on the bloomberg, a lot more debt 2020 and 2021. nejra: there are 30,000 function, bloomberg, and we always enjoy showing you our

favorites on bloomberg television. maybe they will become your favorite. it is another function you will find useful. to you i see go that will lead you to our quick takes -- quic g0, here is a quick take from this week. 's in the poll foods -- and hold foods -- in whole foods. foods labeled organic must be grow without fertilizers and be free of gml's. must be raised with -- must be raised from animals about growth hormones and must be grown outdoors. organic foods have nutritional benefits and can help fight cancer. that is why they sometimes spend nearly twice as much for an but ourproduct good organics healthier?

are they worth the money? concerns about the use of pesticides and use of antibiotics in animal feed prompted some consumers to look for so-called organic food. passed thengress organic foods production at to develop national standards, and organic products became more common. mainstream grocery chains started their own lines of organic food. acquiringies began smaller health food companies to get in on the action. now from the big boxes to the small specialty stores, three quarters of grocers sell organic foods. here is the argument. proponents said organic foods are more nutrient dense. they also suggest eating organic limits exposure to toxic chemicals. certain cancers, but while eating organics

producers are exposure to pesticides, there is no evidence that the trace amounts of food are a danger. surveys have not found that organic foods are much more nutritious, and just because food is organic, it doesn't mean that it is good for you. high ine nearly as sugar, sodium, and other unhealthy ingredients as not organic products, but more firm is going towards organic, like with kroger selling more organic products and amazon's determination to drive down prices at whole foods, organic foods should only increase in popularity, healthy or not. ♪ nejra: that was just one of the many quick takes you can find on the bloomberg, and you can find them on bloomberg.com along with all the latest business news and analysis 24 hours a day. it will be all for "bloomberg best" this week.

thank you for watching. i'm nejra cehic. this is bloomberg. ♪

welcome to "businessweek." i'm carol massar. we take a deep dive into the issue of equality. jason: me too and times up, but there's more. i was fascinated by the socioeconomic impact of all of this. a lot to dig into. carol: all of that ahead on "bloomberg businessweek." ♪