i'm jason kelly. >> and i'm carol massar. elon musk, he needs some help? not necessarily the help you're but he does need someone to check him in check. >> how about a gut check on the in washington? or more specifically, the trump administration. >> and first up with the 10th of the lehman bankruptcy and the financial crisis really looming large this some we got behind-the-scenes thinking from weber.rg editor joan >> i feel like everybody is back from summer. it's getting busy again. it is busy. what -- >> it never ends. >> so what went into the thinking behind this week's issue? are a couple things we wanted to include. one was this idea that we're 10 brothers,r lehman which reshaped wall street, the financial industry. it for written about basically 10 years now. but it was also an opportunity like pivot forward a little bit and not just talk about lehman brothers, because after all, we're now in the still of what is the longest bull market ever, right? forget what that means. >> and what is your conclusion on that, as you

carol: and i'm carol massar.lso listen to is on the radio on sirius xm radio, in new york, boston, washington, d.c. jason: and a.m. 960 in the bay area and in london on dab digital. to finance and joe weisenthal's reflection on the recent craze in sticking money -- craze of sticking money in cryptocurrencies and cannabis stocks. jason: we talked to him every day on our radio show. i have to say, he is always interesting. >> i really think that it's not an accident that we are seeing these things at the same time last year be crypto bubble, this year incredible moves and cannabis stocks -- in cannabis stocks. what i wrote about in this these is some of the underlying technology -- psychology around both. they attract a lot of the same people. ,ort of overwhelmingly young men, millennials. they have these antiestablishment, rebellious ways to get back at the system. in this post crisis era where there's still is a lot of distrust in financial institutions, we know there has been a huge collapse in the trust in gove

. -- i'm carol massar. jason: we're headed inside bloomberg headquarters in new york. carol: it is all about cities, including some home prices, great for some and not for others. we take a look at affordable housing. jason: and the world's first 5g broadband network is going to bring everything to your phone a lot faster. they may transform the places you live. carol: all of that coming up and more as we take you to this very special edition of bloomberg businessweek. jason: we begin with one city busy this week. congress is back from summer break. hearings on everything from social media to a supreme court nominee. carol: steven dennis joins us to wrap up the week. let's start with those hearings of brett kavanaugh. steven: a lot of fireworks inside the hearing room. democrats trying to bore in on the question of whether he would overturn roe versus wade and give the president a pass when it comes to subpoenas on things like the mueller investigation. a lot of protesters interesting with cries about abortion or health care or other hot topic issues. kavanaugh kept his

i am carol massar. jason: and i'm jason kelly. n listen to us every day on the radio from 2:00 p.m. until 5:00 p.m. wall street time. carol: you can find us online at business week.com. jason: this week salesforce kicked off its annual dream force conference in san francisco. per usual, the company's outspoken founder, marc benioff, had a lot to talk about. carol: he has bought time magazine and bought the salesforce tower. the tallest building west of the mississippi. he has taken on a co-ceo. he has been busy. jason: very busy. bloomberg technology's emily covered all of that. they discussed facebook and a new era of corporate responsibility. >> facebook of course purchased instagram six years ago and we now know the founders are leaving. this was one of the bright spots for the company. is that a bad sign for facebook? is it a sign something has gone wrong? marc: it's a sign for them and they need to start paying attention. i have been talking about this for nine months. our industry has changed, you have already seen this. ever

. -- i'm carol massar. jason: we're headed inside bloomberg headquarters in new york. about cities, including some home prices, great for some and not for others. we take a look at affordable housing. jason: and the world's first 5g broadband network is going to bring everything to your phone a lot faster. they may transform the places you live.

i'm carol massar. jason: we're here inside headquarters in new york. at here at home, 10 years since the 2008 financial crisis, a learned -- look at the long-term political effects. carol: we are going to start with the nafta showdown. twists and turns, talks between the united states, canada and exico. jason: this is your brain on nafta. here is editor matthew philips on what really went down behind the scenes. atthew: a major television moment but the president, which he very much wanted to have. he brought the press into the oval office. he thought he would win a bilateral deal with mexico. the canadians were not included. t was a big moment for trump and he happy press there. he was going to get the mexican president on the speakerphone, with communication issues, wkward for a moment. it seemed as if the mexican president was not on the line. staff scrambled to fix the connection. it was a microcosm of the past year of negotiations. nafta had been not well coordinated, wildly oversold, written by a president who just wants to win. the optics for tru

carol: and i am carol massar. you can listen to us on the radio. york, boston, and washington dc. jason: and in the bay area as well as london. section, french president macron's victory reverberated around the world, striking a blow for europe as unified the rising tide of nationalism. some setbacks.d slowed, andwth has anti-european sentiment is growing. carol: call it his monumental challenge. he is now staking his credibility on next year's elections and is really aiming to show that the magic is not gone. let's catch up with editor christine. he had a state his future on being a leader in europe. to knit the countries closer together. and he had several proposals that he sketched out in broad strokes and now those seen at risk because of the loss of lyrical capital -- political capital. jason: how much of this is on him? how much of it is forces beyond his control? >> he has not helped himself, definitely. 60% is on him. he called himself, at one point, jupiter, the king of gods. and he has spent the last year trying to walk that back, but sti

. -- i'm carol massar. jason: we're headed inside bloomberg headquarters in new york. all about cities, including some home prices, great for some and not for others. we take a look at affordable housing. jason: and the world's first 5g

. >> and i am carol massar. in this week's remarks, we talk to fail.f you remember, 10 years ago this week lehman brothers collapsed, really triggering the worst financial crisis of that century. >> are we better equipped now to deal with the inevitable next crisis? >> the question is if there is a crisis, and inevitably there will be another you can do one. everything you can to prevent crises, but somehow they will break out. what then? the story focuses on the what then part. do we have the apparatus to stop the crisis once it inevitably starts? my concern is we are less prepared in that department than before. >> why? >> partly because of the crisis itself, what it engendered. what it engendered was a real anger in the public. the bad guys got bailed out while the little guys suffered all the consequences. as josh green said, there was no testament justice. >> he was right. even if they had metered out old testament justice, people would still be angry. also the very fact that the session dragged on for so long, that was partly because the republic

i'm carol massar. jason: we're here inside headquarters in new york. 10 years since the 2008 financial crisis, a learned -- look at the long-term political effects. carol: we are going to start with the nafta showdown. twists and turns, talks between

i'm carol massar. jason: we're headed inside bloomberg headquarters in new york. bout cities, including some home prices, great for some and not for others. we take a look at affordable housing. jason: and the world's first 5g broadband network is going to bring everything to your phone a lot faster. they may transform the places yov

funds inmillion putting's ambitious others on alert. .hey treat corporate emergence join us is carol massarod to see you. carol: good morning. i am a little nervous because this is your world. and aluminumel reporter does an amazing job. this took him 12 months to do and it will files the company responsible for the steel and aluminum tariffs. carol: they take you into the of smelters. we are down to six in the united states. it is difficult, it hot, difficult to make aluminum. what we have seen over the years is it has been exported to other companies where energy is less expensive. we imported 85% raw aluminum into the united states. that is the backdrop of where we are. in march of 2018, president trump comes out, and this is his first fire and when it comes to the trade war. he put tariffs on steel and a 10% tariff on aluminum. this cut everybody's attention -- this caught everybody's attention because everybody in the industry did not want it. we are talking about american century. as is fascinating. this company had been lobbying big time the trump administration for this tariff. they

many thanks to carol massar, and be sure to capture on bloomberg businessweek and on tv all weekend longovernor andrew cuomo defeats cindy nixon that some nixon in thenthia new york primary. this is bloomberg. ♪ new york primary. this is bloomberg. ♪ david: i am watching, governor cuomo the cynthia nixon, handily. reald that, we have a regression going into centrist year. the senate. until now it has been a battle of the house and how close it is in the house. it is now getting closer in the senate according to most pollsters. the problem is democrats have more seats to defend, but the polls have really shifted in places like tennessee and texas. they are literally talking about maybe the senate can switch. ,lix: notice when we got back the backlash from president obama, the tea party, that midterm election, if we will see something on the left side. david: we don't have a chart right now, but it is actually the highest number of candidates for a party running in the primaries since the tea party. the democrats are right up where the tea party was. it is interesting. alix: he did not pla