oliver: bloomberg businessweek is available on newsstands now. david: coming up on "bloomberg the stories that shaped the week in business around the world. transitiontrump gather speed as inauguration day approaches. >> clearly, we see a better manufacturing business environment under donald trump should >> we are going to try and protect the insurance coverage that americans have today. chinese currency surges against the dollar and all signs point to tighter -- to

oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloombergusinessweek megan murphy. we have a new president, very unpredictable. that should be freaking out the business community, but they seem all in. >> i was at davos. many globalng how business leaders were saying how much he would improve the business environment. opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, the defense space. you would think business leaders would be unsettled by this and that their business would be targeted, but when they compare and contrast with obama, that at abouttrump is visible putting business first and a huge priority and that he will start dialogues with industry and identify where the regulatory and tax landscape may need to be changed. he has overtly threaten companies that if they move jobs out of the u.s., there will be repercussions. uncertainty,e is there is a clarity that there is a dialogue more than they had with the obama administration, and what they hope first and foremost is that they are

oliver: "bloomberg businessweek" is available on newsstands now. television.com. more bloomberg television starts right now. ♪ caroline: i'm caroline hyde and this is the best of bloomberg technology where we bring you all the top interviews of the week in tech. coming up, all the industry leaders of this week's consumer electronics show, including our extended conversation with i.a.c. founder and chairman barry diller. plus, aol c.e.o. tim armstrong joins us as we mullet the new options. and tesla swerves. the electric carmaker's recent delivery numbers missed estimates. firs

that is all this week on that is all this week on "bloomberg businessweek". ♪ oliver: we are with bloombergusinessweek editor megan murphy. let's talk about the opening remarks. this is looking at donald trump and vladimir putin, a topic that never seems to get old. megan: it is counter intuitive. it looks at who is winning this game and who is likely to win this match. we see donald trump making this outreach to him that we have never seen from a republican president-elect, trying to cozy up to him in some sense, recasting that relationship with russia. what peter delves into is what is vladimir putin's long-term game. his history is a zero-sum game, so if trump thinks by cozying up, what is he likely to gain? in diplomacy, it is the strategic mission and outlook for the country that is important. you can try to have a personal relationship, but when you are dealing with putin, he will be thinking three steps ahead on the chessboard. oliver: we know trump talks about his business and deal making history, but there is a salient point, there is no higher power to enforce political dealings r

♪ >> welcome to bloomberg businessweek.he face of donald trump's fixed permit -- experiment in government has started. overssian television bonds trump as a pop star. oliver: all of that ahead on bloomberg businessweek. >> we are here with the editor and chief megan murphy. here, we have a new president that is very unpredictable. that should be breaking out the business community but the are all in. >> i was in davos last week. publicly, it was amazing how many global business leaders say that he was going to improve the business environment. privately, many have given page. --y really focus on what when someone is tweeting policy by tweet, we see it in the drug market, we see what he has done to the defense base. you would think that they would think that their business would be targeted. but when they compare and contrast it with obama, it is a point that you're over and over. at least trump is visible about putting business first. he is going to start these dialogues with industry. is going to try to see what the tax la

murphy of bloomberg businessweek. the global economy section, you take a look at china and it looks like they are taking moves that could shore up the steel industry. >> this is one of the concerns, this massive oversupply in the steel market, and even though there has been a concerted national domestic policy to glutss that to reduce that in the steel market, it hasn't manifested. on the supply side, they are trying to trim that down. they need that to go down to have the steel price go up to make this supply and demand work for an industry that has been really hit hard by massive oversupply. this piece does show that by limiting production, that is having a positive impact and shows signs of progress in terms of bringing that price up and making it more sustainable as an industry. oliver: let's talk about transparency as it applies to our president-elect. donald trump who -- >> good luck. oliver: donald trump will be in washington, d.c., and you look at the conflict. megan: that hotel, it is in a famous building, on

of bloomberg businessweek. are looking at china, they look like they are taking moves that could shore up the steel industry. >> this is one of the concerns, this massive oversupply in the steel market, and even though there has been a concerted national domestic policy to address that collect, it hasn't manifested. on the supply side, they are trying to trim that down. they need that to go down to have the steel price go up to make this supply and demand work for an industry that has been hit hard by massive oversupply. what this shows is that actually on the supply side they are starting to jeanette down mostly by closing down at and limiting what goes on in the factories. how they do that. but they need that to go down to have the steel price actually go up. to make the supply and demand work for an industry that has really been hit hard by massive over glut. by limitinghat production that is having positive impact than it does shows signs that maybe will see progress in terms of making that price go up and

♪ carol: welcome to "bloomberg businessweek."he deep entangled relationship between hollywood and president-elect trump's pick for treasury secretary. oliver: netflix wants to be the next amazon, google, and facebook combined. we will tell you why that strategy begins in brazil. carol: how sleepless nights led to the birth of one pillow king. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor-in-chief, megan murphy. you guys take a look at something, that is paypal for india. megan: this is a story that goes to the scramble in india. they extinguished their two largest bank notes to combat corruption and fraud in that market, but what it has really led to in this country and we see this in developing countries, the push for digital payments. what kind of space this is? the story it sort of captures that it is still wild west. we described it as a lot of people now pushing into digital payments. people don't even have cell phones. they are moving up the rung and they're going straight from not even

of "bloomberg businessweek," jim ellis. talk about walter shaw junior. >> he is the head of government ethics, the office of government ethics. he is in an awkward position because it his job to make sure that politicians behave and talk about their conflicts and is sort of let the public know what is going on. he is in an unusual position because donald trump, unlike any president in modern times has basically kept quiet on many of the entanglements he has in the business world. that has put him in the unusual position of saying, mr. president-elect, you should do this, and the president-elect basically ignoring him. that has caused him to publicly say this is not a good thing and undermines the whole notion of the open skies, clean air we do in american politics, and that has gotten him in an awful lot of trouble with republicans. he has been vetting quite a lot of nominees, and because of the wealth of a lot of the nominees, it is taking a lot of time, but they compress the time to do it to the point where people are act

carol: this is bloomberg. ♪ carol: welcome back to "bloomberg businessweek". i am carol massar. liver renick. you can also catch us on the radio on sirius xm channel 119. also in london and in asia on the bloomberg radio plus app. in the features section, instead of reviving old drops as trump promised -- oliver: trying to save rural america by creating a new one. >> he is only 32 and one of millennials with glossy academic credentials, a masters from oxford university. was in theool, he academy where his storm proctor was mark sucker berg. since he has graduated from college, he has been working to develop businesses and some of the places that ultimately helped to elect donald trump, rural america, and he started village capital, which has backing from big names early capitalvide for businesses that can develop into something that provides jobs in these areas. to his thinking that he does not think there is a lack of skills, but rather a lack of opportunity, so with money he is trying to support startups that can provide opportunities for people. >> right, his idea, he has noti

♪ carol: welcome to "bloomberg businessweek".eep entangled relationship between hollywood and president-elect trump's pick for treasury secretary. bever: net look once to amazon, google, and facebook combined. carol: how sleepless nights led to the birth of one pillow king. oliver: all that ahead on "bloomberg businessweek". ♪ oliver: we are with the editor in chief macon murphy. carol: you guys take a look at something that is paypal for india. this is a story that goes to the scramble in india. they extinguish their two largest bank notes to combat corruption and frog in that market, but what it has really led to in this country and developing countries, the push for digital payments, what kind of space this is. the story captures that it is still wild west. we described it as a lot of people now pushing into digital payments, people don't even have cell phones. they're going straight from not even having a bank account or cell phone to processing all their payments online digitally. it is a multi-trillion dollar market and sho

carol: "bloomberg businessweek" is available on newsstands now.line at bloomberg.com. carol, your favorite story? carol: the south china sea, fascinating, we know it is a disputed area. there has been a lot of attention on it. china building up its presence, building islands on the reef, really laying claim to that area. at the same time, you have chinese fisherman really decimating those reefs. and then you have a professor in miami who has been studying what is going on, worried about the ecological implications. i think it is a must-read. what about you? oliver: i also liked the environmental related story. i have a soft spot for wolves. even though it does not seem to apply out of the region, at the end of the day, it is about compromise, the ranchers and environmentalists finding a common ground. i think after a divided year, it does have a poignant theme to it. carol: especially in this current environment. oliver: more bloomberg television starts right now. ♪ caroline: i am caroline hyde. this is the "best of bloomberg technology," where we

that is next. ♪ ♪ oliver: welcome back to "bloomberg businessweek." i'm oliver renick. arol massar. you can listen to us in new york, boston, 99.1 in washington, d.c. bay area.the oliver: and in london and in asia on the bloomberg radio plus app. in the companies and industries section, why the pharmaceutical industry gets most of its profits in the u.s. carol: and why that could change under president trump. blumfield.rter doni doni: we saw a right after the election results came in that biotech stocks surged, and this was on a combination of things, expectations that obviously they were worried about hillary clinton and some pricing control that she might have brought in. she had actually proposed some of that, and also the allowing of these tax holiday so that drug companies could bring in dollars from abroad, but since then, we have seen a bring back from those high expectations as there has been a lot of uncertainty about obamacare and the potentially tens of millions of people thrown out of their insurance, also questions about medicaid that are related to that, an

oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloombergusinessweek megan murphy. we have a new president, very unpredictable. that should be freaking out the business community, but they seem all in. >> i was at davos. many globalng how business leaders were saying how much he would improve the business environment. opening remarks focus on what you think when someone is tweeting policy. we see it in the drug market, the defense space.

carol: "bloomberg businessweek" is available on newsstands now.ne at bloomberg.com. what is your favorite story? carol: i like the story on brazil. it has a history of unusual elections. including a cloud and -- clown and a monkey coming into the election process. and they also have an upcoming national election in 2018, some interesting neophyte candidates are starting to get some momentum, and some have traits similar to donald trump. i just feel like this story is a reminder of the pushback we are seeing by voters around the globe against the establishment , it is playing out in brazil. and around the world. what did you like? oliver: i'd like this story about deutsche bank. it is a complicated financial situation, so very entertaining to read. a lot of people involved with it. also, the hangover from the financial crisis that is still very much with us, ongoing court cases, investigation into the background of some people being nominated because they worked on wall street at that time, and it goes to show you how far the effects of wall street

all that a head on "bloomberg businessweek." ♪ ♪ carol: welcome back to "bloomberg businessweek."arol massar. oliver: i'm oliver renick. carol: in the politics and policy section, president trump is threatening to undo nafta. oliver: the trade agreement has been good for the auto industry. we talked to reporter brendan greeley. brendan: he signposted we would drop tpp and renegotiate nafta, so those are changes in trade policy. we need to make a distinction between tpp and nafta. tpp is a free-trade agreement. nafta has become a common market. right? it has been 20 years, so it's not just about lowering tariffs. tariffs have been so low for so long and we have had such an understanding of trade between mexico, the united states, and canada, we are talking about a common market similar to the european union. as they are discovering in the u.k., leaving that common market is really difficult. there are a lot of consistent production techniques, consistent standards, consistent rules, and most importantly, consistent supply chains that you can't just rip apart by dropping tariff barr

oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief of bloombergrphy. we have a new president, very un

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oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor-in-chief of "bloombergmegan murphy.

that is all this week on "bloomberg businessweek." ♪ oliver: we are with bloomberg businessweek editor let's talk about the opening remarks. this is looking at donald trump and vladimir putin, a topic that never seems to get old. mega

. ♪ ♪ carol: welcome to "bloomberg businessweek". and president-elect trump's pick for treasury secretary. bever: net look once to amazon, google, and facebook combined. carol: how sleepless nights led to the birth of one pillow king. oliver: all that ahead on "bloomberg businessweek". ♪ oliver:

. ♪ ♪ carol: welcome to "bloomberg businessweek."tangled relationship between hollywood and president-elect trump's pick for treasury secretary. oliver: netflix wants to be the next amazon, google, and facebook combined. we will tell you why that strategy begins in brazil. carol: how sleepless nights led to the birth of one pillow king. oliver: all that ahead on "bloomberg businessweek." ♪ caro

. ♪ carol: welcome to "bloomberg businessweek". i am carol massar. issue, the d.c.ling access to the white house. oliver: the hacker that promises to deliver technology to third world countries, crashing down. carol: deception at europe's most important bank. oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the assistant managing editor tim allen. you talk about walter sha

. ♪ ♪ carol: welcome to "bloomberg businessweek". i am carol massar. oliver: i am oliver renick.'s headquarters in new york. russia reasserts its military power in the middle east. carol: and another disappointing sign in a disputed south china sea. oliver: all that is ahead on "bloomberg businessweek". ♪ carol: we are here with the editor in chief megan murphy of business week. in the global economy section, you look at china. they look like they are taking moves thatld

. ♪ ♪ carol: welcome to "bloomberg businessweek."onship between hollywood and president-elect trump's pick for treasury secretary. oliver: netflix wants to be the next amazon, google, and facebook combined. we will tell you why that strate bins in brazil. carol: how sleepless nights led to the birth of one pillow king. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor-in-chief, megan murphy. you guys take a look at something, that is paypal for india. megan: this is a story that goes to the scramble in india.

bloomberg businessweek travels to brazil to learn how the company went from bust to boom in five yearsthat is next. and a reminder that all episodes of "bloomberg technology" are now live streaming on twitter. check us out weekdays at 5:00 p.m. in new york, 2:00 p.m. here in san francisco. this is bloomberg. ♪ caroline: a story we are watching -- apple might face a consumer class-action lawsuit claiming it has a monopoly on the market. an appeals court has revived a case that was dismissed in lower court. a lawyer for the plaintiff says that millions of consumers should be able to recover most of apple's 30% take from apple store sales. sticking with apple, it is looking to expand its music subscription service beyond songs. according to people familiar with the matter, the company has been speaking with the makers of original programming about buying rights to script tv shows and potentially movies. it is seen as a bid to differentiate apple's service from spotify, which has twice as many subscribers. and staying with on-demand streaming, netflix is of course the chief instructor in t

. ♪ ♪ carol: welcome to "bloomberg businessweek". i am carol massar. oliver: i am oliver renick. inside the magazine's headquarters in new york. russia reasserts its military power in the middle east. and another disappointing sign in a disputed south china sea. oliver: all that is ahead on "bloomberg businessweek". ♪ carol: we are here with the editor in chief megan murphy of business week. in the

. ♪ ♪ >> welcome to bloomberg businessweek.permit -- experiment in government has started. overssian television bonds trump as a pop star. oliver: all of that ahead on bloomberg businessweek. >> we are here with the editor and chief megan murphy. here, we have a new president

oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the assistant

keqiang's op-ed in "bloomberg businessweek" magazine. this is bloomberg., tune into radio daybreak europe live in london. this is bloomberg. ♪ francine: this is "bloomberg surveillance." president minister, lawmakers are taking questions on plans for leaving the eu. we are expecting a white paper where theresa may will lay out her plan. the government will try to delay that is much as they cantered what we are expecting a couple of hours is the bill after the supreme court said theresa may had to go through our lament -- through parliament. we are trying to figure and how much of a hurdle it will be to get the level of parliament -- the approval of parliament. theresa may is in d.c. today. she will meet with president trump tomorrow. let's get a check of your market that the bloomberg. gain stoxx 600 is ing, investors embracing riskier assets after the dow crossed 20,000 yesterday for the first time. a bullish sentiment toward equities. investors encouraged by early indications from president trump about his policy, taking steps for fulfilling progrowth ca

you can read the full interview in bloomberg businessweek magazine on stands now. fantastic read. coming up, hedge funds have had a painful year. two firms have seen the biggest losses. how does this compare to returns? this 2017 promise to be better? this is bloomberg. ♪ ♪ live from london and new york, this is the european close on bloomberg markets. let's get to the bloomberg business flash for some of the biggest business stories in the news right now. an american household was more upbeat last year since the first time since 2007. averaged 43.6 last year, up from 42.9 a year ago. better-than-expected fiscal first-quarter earnings. companyd's biggest seed boosted by a recovery in the brazilian riau and an increase in soybean production in south america. 200 $40store generated million in customer purchases on january 1. the company says it was his busiest day ever. app developers aren't $20 billion in 2016, up 40% year-over-year. nintendo's super mario run was also in the top 10 most downloaded apps worldwide with pokemon go taking the top spot. that is the late

the global ambitions of reed hastings is the focus of the latest edition of bloomberg businessweek.edia reporter lukas -- joins us with more from los angeles. when we areesting looking at these particular numbers and how they have seem blueprintt a going in brazil. it was from bus to boom. ands: netflix's strategy ever new market is to go there, figure out the problems on the ground and solve them gradually. they believe they can learn a lot more in the first 24-48 hours operating than they can and preparing to go there. and the case of latin america and brazil, they went there in 2011, had a slow start for the first year or two, admitted as much, which they do not typically do about specific markets anymore because they do not have to identify some of their subscriber bases in any individual markets. wod over that, those t years and since then invested in making sure people could get higher streaming, that there are regionart tv's in the that that was more tv shows and movies tailored to the taste of that particular region, particularly the kind of young, ban people who are the ear

this year bloomberg businessweek's ashlee vance has crisscrossed the globe to see how pioneers in different countries are pushing the limits of technology. in the season finale of "hello world" he travels to chile to see their unique take on the incubator concept. take a look. >> it's called the idea factory. or if, for those in the whole brevity thing. they support tech. politicians stop by to smooze. kids get a chance to learn. it is not a factory designed to build the next google or facebook. it focuses on things for chile and south america, and they have got hyper local branches hidden in unexpected corners of santiago. there are tech incubators all over the world, but you won't find many in a neighborhood like this. it has another building here that's been set up to inspire local youngsters and give budding inventors a helping and. ♪ ashlee: here, things are a bit more lively than in palo alto. and it suits the place. i showed up on a demo day when kids from the neighborhood pour through the gates to check out its gadgets. there was plenty of eye candy, but nothing beat this. hello, ro

in an internal memo obtained by bloomberg businessweek, service employees international union president mary kay henry announced plans to cut spending by 30% by the end of next year. henry wrote -- "because the far right will control all three branches of the federal government, we will face serious threats to the ability of working people to join together in unions. these threats require us to make tough decisions that allow us to resist these attacks and to fight forward despite dramatically reduced resources." seiu represents nearly 2 million workers in the u.s. and canada. its current budget of about $300 million funds organizing efforts like the fight for 15 campaign to raise the minimum wage. donald trump's pick to hehead te labor department, andrew puzder, is a fast-food executive, a member of an anti-union network, and a vovocal critic of increasg the minimum wage and other workplace protections. u.s. senators are continuing to call for even stronger sanctions againstt russia over allegations russiaian agencies m meddled i novevember's u.s. e election to support donald trump. se