>> welcome to bloomberg businessweek. >> we are joining you from headquarters in new york. >> if you think the pay gap between men and women is bad, it is, but here about the gender gap when it comes to stock options. >> french president macron -- latelymself to the his powers have started to

falter. >> a jampacked week in washington. watching it for us is matthew philips who gave us the big like a on how things supreme court nomination process and trade policy are impacting the trump agenda and possibly the midterm election. >> the question about whether this accusation tanks his nomination is a big one. with midterms coming it is not clear they are going to have the if kavanaugh does not work out, to find another nominee and rush through. it has been a rush process. on trade, the political realm areons -- ramifications real for the president and the chinese are calibrated and how they go after certain constituents with their retaliatory tariffs. the automotive , seeming the country to calibrate their response to trump voters in farm country and

the auto sector. >> matthew, when we think about the implications of this for the midterms, it feels like regardless of how the kavanaugh situation turns out, this will an issue that both sides really sink their teeth into to try to galvanize their respective electorate, right? >> this is an issue that has played well for democrats. it has fired up women voters. there are lots of estimates about how big this blue wave of democratic votes will be. whether they are going to just not take back the house -- take back the house but whether the senate is in play. >> it is also not hard to imagine that the president could use this to his advantage as well, try to use it to his advantage to underscore the friction that he has with the

democrats on the hill. >> his comments so far about this have been, i feel badly for judge kavanaugh, he is a great man, this has been a net mayor for his family, he has also gone out of his way to criticize democrats, particularly liked senator feinstein. saying, why are we hearing about this just now? it is not clear when her office was made out -- aware of these allegations. he is trying to make hay out of this. they're pulling out all the stops and it is nasty politics. >> there are a lot of politics within the white house itself . officially on trade issues. not everyone agrees on how we should determine new trade policies. view,ary mnuchin has one robert lighthizer has another view. as the clock ticks down to the midterm you want the white house to be together.

>> in the first year of the white house there was this between battle raging globalists so to speak, your mnuchin's and your former economic adviser gary cohn who resigned after the steel and aluminum tariffs were announced. he left just five days after. bob lighthizer and >> washington setting up for

another busy week including a fed decision on interest rates. this is an in-depth look at federal chair reserve jay powell first weeks in office. >> the fed chair is not supposed to be in the politics section. when the president tweets about monetary policy it tests the principle of central bank independence. certainly a test of political abilities and he has been up to the test. rich miller is joining us from washington. >> unlike janet yellin he has made a concerted effort to go on capitol hill and pound the caucus as he puts it. visited in the first six months spoken to about 45 lawmakers, roughly split between both parties. --ee times the amount he did his predecessor did over the same timeframe. , as our tweeter in chief president trump who has

broken with a decade-long has takenand open potshots at the fed for raising rates. >> next week you have a fed meeting. the markets are pricing in another rate increase. president trump has been very vocal and outspoken about not wanting higher rates. a test of jay powell, especially in that press conference. a test of his ability not as a big central banker but as a politician, how he manages that. stayed out of the spotlight by not reacting to what trump has to say. >> this will be the first interest rate increase since the president went public with his displeasure of what the fed is doing. it will be the first time when powell publicly will be pressed to respond. how he responds, how he does that.

does he dismiss it? does he say, the president can say what he once but we are going to do what congress has told us we should do and follow our mandate. it will be quite interesting how he does the delicate dance so he -- offer himself up as a punching bag for trump. >> i love the way your story starts. you take us back to july when president trump gave an interview and was critical of the fed. was on capitol hill talking to lawmakers and talking about what the fed is doing. you talk to him about being a politician with a little p. he understands government, he is not an economist. not a politician but he understands how washington works and that could play in his favor. >> he has been around washington

a wild. he knows his way around, he knows he is comfortable in pressing the flesh. his two predecessors were phd economists. they always seemed a little more comfortable in economic seminars or economic conferences and they did on capitol hill. he does have these political , that being suited for at least this test which is very important as far as the fed and protect our ability to carry out policy without somebody -- some politician sticking their nose in. still ahead with explain why we hate to take meetings before 10:00. >> when it comes to venture capital, and salary, women are missing out. >> this is bloomberg business. ♪

>> welcome back. find us online at businessweek.com and on our mobile app. one story we continue to follow here at bloomberg has to do with amazon. always watching to see what new businesses have been scanning in. let's look at revenues. let's bring in taylor riggs an interesting chart of revenue growth. line, it givesop a few picture of what the company is doing. down the income statement things get muddled. we are looking at topline revenue growth. 40% revenue growth. that putthe companies into uttered billion dollars in revenue, you would expect mid to high single digits of growth. this company continues

to blow it out of the water. analysts are bullish. >> 40% revenue growth. >> i kept looking at that chart thinking, i i reading that right? that brings us to one of the highlights of bloomberg this week. an in-depth interview with one of the most successful and wealthiest entrepreneurs in the world thanks to david rubenstein. >> it features a rare conversation with amazon founder and ceo jeff bezos at the economic club of washington. in a weekst watch filled with stories by amazon planning to open new cashierless stores, amazon alexa apps, and more. >> there is a lot to talk about his company and bezos's leadership practices. david starts asking jeff about some of his legendary quirks. >> i get up early.

i like to read the newspaper and have coffee, breakfast with my kids before they go to school. time that istering important to me. that is what i set my first meeting for 10:00. i like to do my high iq meetings before lunch. anything that will be mentally challenging is a 10:00 meeting. by 5:00 i can't think about that stuff. let's try this tomorrow at 10:00. on sleep. i get eight hours of sleep. unless i'm traveling in different time zones, sometimes it is impossible. i am very focused on it. i need eight hours of sleep. i think better and have more energy. my mood is better. executive, what do you get paid to do? senior executive you get paid to make a small number of

high-quality decisions. your job is not to make thousands of decisions every day. is that worth it if the quality of the decisions may be lowered because you are tired or grouchy? it is different if it is a startup. amazon is not a startup company. all of our senior executives work and live in the future. report toe people who me should be focused on the current quarter. >> now to the gender pay gap. we have talked for a long time about how women are underrepresented and underpaid across industries. we have a new twist. that is the potential wealth gap created by stock options. we dig into how compensation packages are favoring men. >> that has big implications in places like silicon valley where big ipo's and big paydays are

making millionaires and billionaires and the next class of angel investors and business owners. here is rebecca greenfield. looked at over 180,000 employees at 6000 companies and the data is solid. what they found is that women hold $.47 of equity for every dollar a man holds. that is over 50% equity gap. it is important because this is literally and figuratively, the configuration of startups in the silicon valley. there are implications beyond the dollars and cents in parts because of the perception and in part because of the money that can lead to. >> lots of equity doesn't end up turning into anything. we have seen that equity can lead to a lot of money for a lot of people and it can mean you get to buy a house and it can also mean you become the next

angel investor and startup founder. arguably this is more important and impactful than the pay gap. >> you talked about a young female software engineer. we are talking about people going to startups. salary butting a also a lot of sock options. tell us about her experience? >> one of the women was an t. she got a pay off her and she knew a man that got a similar offer. out a man had been offered more equity than she had. she ended up taking the job anyway. asked around with other men in the company and it turns out she had less equity. even though the recruiter told her equity was standard and it could not be changed. if she had not been aggressive she would have in making a lot less money. >> one of the things you point

out, a sub trend in all of this is the notion of ms. leveling. misleveling. >> when you join a company or startup you come in at a certain level or position and they say this is the standard compensation or equity. what i was told by a lawyer who handles these is that companies level isyour junior whatever and this is the level of equity we offered. she said oftentimes you end up being hired for a position that is higher than that, you're not a junior engineer, you can push back and say i will be doing senior engineer do -- duties. a can a company come out for similar position and offer a man and a woman for the same position different pay packages and different equities. >> i am not sure how equity fits into this but i think mis

leveling gives them some room. once you argue that you do more work than that that is legal. macron --l as floods continue to ravage homes in north carolina, one city is figuring out how do you beat it -- >> this is bloomberg businessweek. ♪

>> welcome back. you can also listen to us on the radio on sirius xm channel 13 --nd on a.m. 1 >> and a.m. 960 in the bay area. french president macron possibly to last year reverberated around the world. heiking a blow for europe as

defy the rising tide of nationalism in so many countries. string of setbacks, some self-imposed over the last few months. economic growth has slowed and unemployment has barely budged, and anti-european sentiment is growing. >> calling it macron's monumental challenge. onis taking his credibility parliamentary elections and is aiming to show the magic is not gone for good. he had staked his future on being this leader in europe to try to net the countries of the euro together and he had several proposals he sketched out in broad strokes. now those seem at risk because of the loss of political capital at home. >> how much of this is an own goal? how much of this is on him and how much of it is forces beyond his control? >> he has not helped himself.

>> 60%? >> he called himself jupiter at one point. the king of gods. he has spent the last year trying to walk that back. idea that, i'm going to stun the world with the majesty of french power and the majesty of the french presidency. have -- people look at him and they feel like he is callous. more than 70% of the people feel like -- >> it was interesting reading the story. was there any kind of support initially in terms of making the eu region even tighter? >> there is the notion that he and angela merkel have common .round on this idea the devil is in the details with

some of these policies. budget --f having one would be very tough to negotiate which country gets that. jockeyinging all the that is going around around picking the next ecb president and the head of the european commission. he may some promises to his voters in terms of domestic issues but he has not come through. if he succeeded in that way, what his star be higher? >> you have to give him credit in the sense that these reforms he has pushed through are not going to yield results right away. it is not just the french economy that is slowing down, we are seeing it across the continent. germany is losing dynamism. his government argues there has been more hiring and that labor reforms are working. some of the things he has said

make him come across as someone who does not care. there is a sense that he understands there is a problem. in the last month we have seen a change in rhetoric. this month he visited a homeless shelter and announce the new policy on poverty. he has been trying to soften his language. saying, we understand that beyond the statistics and government reports on policy it is about people and people are suffering. >> we continue to track the aftermath of hurricane florence. we turn to one of our favorite writers. of us become a chronicler cities are coping with an increasingly ferocious climate. the story focuses on charlotte, north carolina. climate experts think this could be the blueprint for the rest of the country. it has taken a lot of political

will. >> i went to charlotte, north carolina just before florence reached that city. they have one of the most interesting programs in the country to deal with that. they use their own money to buy out homes that keep on flooding. homes along rivers and creeks. this is an example of how to defend against flood risk in the best possible way. hurricane is proving why that is a good idea. >> how did this come about? this is surprising to see a government that is this , not happening from a federal level. what triggered this activity? >> individual leadership. north carolina has a lot of flooding, south carolina is not the most flood prone. the stormwater utility they're really cares about this and they cloutble to get political

to raise rates for local customers. $1.25 per month per household. moneyhat amount of they can afford to buy dozens of homes a year and they have significantly reduced the number of homes in the floodplains. storms that would have been a problem for charlotte are not as bad as they would have been otherwise. >> has that a longer exists can no longer flood again. you move those homes from flood designated areas that may or may not flood in the future but are more likely to flood in the storms that seem to be increasingly happening in our lifetime. it also reduces cost when it comes to rescue efforts. that is the other side of the equation. >> i spoke with the gentleman who runs this program. he said it is not just money. he is trying to think of all the

homes that if they still exist in the floodplain and a flood it won't just put people in danger, but it means firefighters and police have to get into these homes often by boat, often at night, and often quickly to save lives which means more danger for anyone. people come out of homes that are flooded and they need aid. i don't want to paint this as an obvious pitch. i think they are smart for allowing building as often and as widely as you can. affordability is an issue in the country. a lot of cities have a hard time finding land for homes. charlotte is taking the homes that are at most risk and buying them in tang the -- tearing them down. over time more cities will do what charlotte does. as cities grow they have to look at more options like this because hoping for the best is not a great strategy. is looking to create a driverless future.

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>> welcome back. >> still ahead. problems tove 100 solve in developing driverless cars. make it 101. we are talking about whether, what if it snows or rains? >> the problems for brexit. sayingey are now, neglexit.

they are having many problems getting things done. >> speaking of problems, talk about tesla. it seems like we are talking about something going wrong for that company every week. >> we checked in with our editor about a few auto related stories. starting with the latest on the road for tesla and elon musk. >> musk tweeted a few weeks back that he was going to buy the company and there has been all this back-and-forth over whether or not he had really secured funding to do that. that there is a criminal probe of these tweets. it is not a huge thing because the already knew the fcc was looking into this. >> there is a civil suit. >> it is normal for the justice department. if there is a civil complaint to say, is there something criminal that happened here? there is a lot of risk for tesla.

a couple of interesting reads in the magazine this week. one about the world's most valuable automaker toyota. they are ambivalent about the future of self driving. toyota has been viewed in last place on the driverless car contest. >> which is staggering because they are the most valuable auto company out there. >> the story that a handful of weeks wrote for business looks at and tells us there is strategy behind this. toyota is taking a contrarian , saying that we don't think that autonomous vehicles are going to happen as quickly as people think. we think the real benefit is to make cars safer. >> another store that reminds us that self driving car for difficult. we thought to figure out whether. >> we had a great story about

two things, one of which is sequels. siegel's get in the way of your get in the way of your car and can block the camera. the other problem is snow which is hard for sensors in driverless car's to pick up. it is easier for a computer to find itself in the same position. nd it uses laser a lidar. star bouncing all over the place and get confused. >> it is very problematic for -- there areare other sensors that are going , radars,erless car's cameras and some futuristic stuff. some technology that scans the bottom of the road and tries to locate the car. >> you talks to archaeologists and the military, this is technology they have been using.

>> the issue is putting this all together. that is the big picture problem for driverless car's. you have all these inputs coming in and the car has to make a decision. imagine a world where it becomes yet another input for driverless cars. it is not the only problem. the problem is all these things added up together. >> you just heard max talk about problems facing driverless cars. the driverless car of the future cannot handle more than a dusting of snow. not only when it comes to traction but also how cameras and sensors perceive the road. problem ina known the field and it is embarrassing. after years of testing hundreds of self driving cars now to on public streets and private facilities, even the best autonomous driving technology will struggle to navigate bad weather.

we got more from a ceo. we can negotiate scenarios and dynamics of the surface but robots have a much more difficult time with it because of things like snow, rain, or fog caused issues with cameras or lidar. laney because it can cover markings which autonomous vehicles rely on. what we are doing is taking ground penetrating radar and using that to create a map, a subterranean area of 10 feet and we can used that to navigate the vehicle. >> you have to help us understand that. it sounds cool but i don't get what you are talking about. >> how do you avoid the person in front of you give the radar is looking down? >> we are not doing obstacle detection, we are doing positioning. by creating a map of the

subsurface and relying on that you're are impervious to things like snow or fog. mapave you create the without getting too into the science? i am fascinated as to how this becomes available in autonomous cars. >> we drive over a lane and that creates a map of the service below the lane. we can use that map to navigate the vehicle. the markets that we are seeing open up for autonomous driving our urban ride-hailing and commercial trucking. both of those are expectations to create maps and the largest mature markets in the u.s. and the busiest interstates. >> this is meant to be a company three system. you are not saying this is going to replace lidar or other sensors and gps, other things that are on an self driving cars. this is meant to work with it? >> our view is that you need all these independent layers of security to deliver a product

that is reliable in terms of safety. and the public can trust. you can put your mother and your kids and. we believe that lidar and cameras are central parts of the solution but inch -- insufficient parts right now. in terms of building a product that can be used in these common challenging scenarios that we as drivers negotiate every day. >> al gore releases that it is not too late to do something about climate change. he thinks investors can profit from sustainability. >> another issue is getting more urgent. we tackle these top topics coming up next. ♪

>> you can find us online at businessweek.com. now to climate change and al gore. an environmentalist we have known for decades.

his book and academy winning documentary an inconvenient truth alerted the world to global warming and re-energize the environmental movement. set down in san francisco with the former vice president and nobel peace prize winner. aboutconversation sustainable investment and climate policy as nothing left in the future -- and nothing less than the future of the planet is at -- >> if there is so much to be made from sustainable finance why have we not seen more investors flock to this? >> we have seen a lot who are coming in this direction. anytime there is a significant change, undershirt is an obstacle. it is because of human nature. the transition to a new design has frustrated all of the keyboard and software companies.

same thing when you ask people or businesses to make a systemic change to an approach that has been used for a long time and people are comfortable with. change can be difficult. once change is embraced you feel the wind at your back and begin to think, why have we not done this before? webber.e here with joel we just heard from al gore talking about what he is doing for sustainable investing. >> he is all about the future. we need to have companies that benefit us tomorrow. and dramatically affect climate change. an example of that was this bus company proterra.. they are an all electric bus company that goes 1000 miles. positioning this company as something that can displace diesel buses that are already going out of business. and coming off the road.

that is where he is trying to find highly disruptive things that do better for the planet. >> what is your take on where he is now? politics andout the has been vocal against the common policies of the trump administration, what is his mindset? >> we are 10 years passed him starting an inconvenient truth. when you talk to him about it i think he has highs and lows since that punto. how can we affect change yet cap -- change? the outdoor i got to interview has dug his heels and and this is the fight of his life and he is not going to let go. >> does he think it is too late? >> no. it is so easy for us to be apathetic about this being a bigger thing than we are. he has turned the table on that and says, you have a moral responsibility not to let that happen. you have to look at it when you leave this room with this interview we are in, you should

look at where your money goes. that is the only way you can affect change. >> you also said, what would you tell your younger political self what you learned? he has a great respect for the role business can play. to be someone who was a publicly elected official who now can look at the business community and say, this is where change can come from, i think he recognizes it is harmony. he is also saying we have to vote. with elected officials and balance. >> speaking of change, something maybe businesses have to figure out. >> you are talking about the quality, diversity, or the lack thereof. we have a whole team of bloomberg that is dedicated to this. what is the gist of those remarks? >> a few weeks ago the pepsi ceo announced she would be transitioning out.

not only a woman but not a white ceo. there is a massive durst of dearth ofin the -- diversity in the executive suite. >> let's get more on what joel mentioned about diverse city in the executive suite or the lack thereof. and very important story and after years of diversity training and commitment by companies we still have a c suite that is predominately white and male. >> in the past year getting even more so with the departures of the ceo at pepsi, american express, the c suite are getting more mail and white. companies are saying they want more diversity. they are seeing that in new hire and in turn levels. we looked at what is happening there. >> what did you find? there is that stark disparity. we hear all the time about

diversity inclusion efforts at all these companies. they say they are including it at the entry level. when all those three people you mentioned left their job the impact it had on the numbers alone, much less the perception is incredible. >> we are at three black ceos, 24 female ceos, and that is a 25% drop. what is happening is that middle management is where diversity goes to die. it is that these companies are not looking and following through with black and latino women interns and hires they are having. that is because people don't feel like -- >> i love this story. sally lays it out like it is. she says part of it is, just do it. so manyhad conversations, so many programs company say they're going to do.

here we are, still talking about this problem. >> some companies are just like, we are going to do it. one of them is citigroup. they said in three years they are going to increase the number of black managers in their management ranks and women. that will increase diversity by 1000. other companies like earnst & young do a conference every year for the black and latino new hires to say, this is how you get promoted and go to management. >> let me jump in. your story talks about interns and new hires. there is something deeper they have to get out to fix the problem. >> you have to get that relation factors. you have to make someone feel like they want to come to work every day. that they could get to the manager rank. that is a big reason why people leave. when we are talking about white-collar jobs, that is going to be the deciding factor if someone is going to stay at the company or someone is going to look elsewhere. >> having dug into the numbers,

you work on a team devoted to all this, more optimistic or less. missed the cut about doing -- or less optimistic after doing this story? >> it is hard after looking at those numbers to feel more optimistic. we are going to check in with interns in a few years to see if these new programs that are kind of the pipeline really do make people want to stay. xithow brexit became negle and why some are calling britney zombie government. >> cities are seeing massive growth of people flocking to urban spaces. what happens to the villages they leave behind? ♪

>> welcome back. >> you can listen to us on the radio.

you know i love private equity. to sit down a treat with one of the big executives in that world. they sit at the nexus of and getnt and commerce insight into companies no one else gets. he is the co-ceo of the carlyle group. pretty new in his seat. here he had to what that here is what he had to say about the world of investing. number of public companies are around our half of what they used to be from 20 years ago. the wilshire 5000 only has 3500 component companies in it. we are seeing companies that don't want to go public. there is so much more advantage to working with private equity in terms of long-term growth, value creation, and what we can do to help companies drop lu. we are seeing a tremendous shift in terms of the desired partner with private equity. but really, private capital. you are seeing growth in

different asset classes and infrastructure. private credit is growing at twice the rate of private equity. there is an ongoing theme that is in play which is the role of public capital versus private capital. you are going to continue to see the emergence of private capital at the expense of public capital. i am not saying there is not a role for public capital, there is, but surely what we can do with the money and all of the value that we bring to our companies is going to drive more investment opportunities for the future. >> this was a big week in the ongoing drama of brexit. u.k. and eu officials meeting in salzburg to try to make progress. no such luck. they fail to come up with proposals to break the deadline. both sides unwilling to budge. >> a reporter pointed out that all of the single-minded focus on brexit across the u.k. has led the government to stop working. she calls it neglexit.

>> in the u.k. we are obsessed with brexit. i know companies outside of the u.k., and the rest of europe and the u.s. don't think about it or talk about it that much. it has become such a big deal here. phrase,aker coined this neglexit. all the things in the normal running of government have been neglected because we are so of assessed with brexit and the effects of brexit. the questions of whether to me survey -- theresa may is going to be the prime minister next week, whether we will have a hard brexit or a soft brexit, the fact that she has this minority government which means she's troubles to get anything done in parliament that is controversial. >> talk about the zombie government, that is the term you use in europe story. what are domestic policy issues not being tackled and what her foreign-policy issues not being dealt with? >> one of the things we looked at was flooding.

that has been a big issue in the u.s.. just before the brexit referendum debate kicked off there were huge floods in the north of england or the scottish border. the chancellor at the time came out and a promised millions of pounds to people up there for flood defenses. they just have not been delivered. people far away from london are becoming increasingly frustrated about this. is, many of these people are the kinds of people that voted for brexit because many of them felt frustrated at going. their lives were they thought brexit might be able to change things. that ended up -- >> from a foreign-policy perspective it feels like the government is so internally focused.

you mentioned from a citizenry perspective. you have members of parliament who can't really contend with much of anything, especially things that are beyond the border. is focused on securing a trade deal with the eu. hopefully trade deals with other countries after we leave the eu next year. civilve to understand how service works and government. traditionally you get these bright young things who, up with great ideas and push them to junior ministers. the individual ideas would be an opportunity for them to make a name for themselves. that is how you climb the ladder in civil service. that is how ministers climb the ladder. maybe someday become the prime minister. brushedople just get aside and they say, we are so busy focusing on breast it -- brexit. nobody has time to think about anything else or anything

innovative apart from how on earth do we solve this conundrum. of a different sort of neglect there are thousands of villages in europe and elsewhere that are at risk of becoming ghost towns. >> better jobs and modern lifestyle in cities around the world, most villages they are leaving behind. >> a few aspiring hotel owners are fighting the brain drain by turning abandoned buildings into towns -- in towns into hospitality areas. >> such as sweet with instagram ready views. >> the whole idea of authenticity has become huge and travel. people want an experience where you live like a local. the phenomenon across europe were small towns are falling into disrepair and becoming ghost towns, 2500 pounds in italy, 3000 and spain could be ghost towns in the next couple of years. if you enterprising entrepreneurs have gone in and decided to start turning these towns in the hotels.

everything from a church to stables, to people's homes become hotel rooms. suddenly the towns are thriving. is an art for this which determines what you can live up to the standard. in italy they have a term for it. there are 100 of them throughout italy. i have stated one of these hotels. it is a very cool experience. our travel writer just picked up them from all over. >> is airbnb who we have to thank for this? people are looking to be in homes and looking for a more authentic styrian's. >> you are closer to the ground. ensconced in a fancy hotel or spot. you're living the way people in that town lived. people got used to the idea of booking through airbnb. people travel meet unexpected have service. they just expect to be in the town living with a towns person. >> what about helping to revive the economy? i'm the game of his villages and

towns there almost dying if you will. >> people are going to work in cities. in the small towns a lot of it was agriculture-based. it is not that way anymore. some of these towns are for sale. in france, a town spain, for $175,000 for the whole town. these hotels are getting people back to provide jobs and create infrastructure. >> bloomberg businessweek is available on newsstands now. >> also online and on our mobile app. >> a u.s. cover story about the fed. only ofhis portrait at the institution but of jay powell, a different sort of fed chair. he has private equity background so he knows his way around wall street and washington. how about you? >> let me paint a portrait. we know there is a gender gap when it comes to salary.

you have another one to add to your list. i find it very discouraging. women are not getting the same as men when it comes to stock options. >> more bloomberg television starts right now. ♪

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>> we take a look at the financial landscape a decade after the crisis. >> we discussed the eu framework for bank recovery and resolution. street, what is next for the choice act versus dodd-frank. welcome to bloomberg markets. i'm they hatch a rich in london. delves where we into the regulation of markets around the globe. we bring you special programming to