carol: welcome to "bloomberg businessweek." oliver: we are coming to you from inside the magazine's headquarters in new york. carol: new attractions for star wars and avatar, inside disney's magic kingdom factory. oliver: we speak with robert de niro about how he prepared to play bernie madoff. carol: why the creators of this is spinal tap have been paid next to nothing, and that might be about to change. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor in chief megan murphy. you look at canada and the legalization of pot. megan: it is a great story about the business impact of this move to legalize marijuana. we focus on this construction of this 800,000 square meter facility that will be the largest pot legal growth center near alberta, canada. it has actually been ravaged by the forces of the oil industry upwards and downwards. just looking at how the economics of this as justin trudeau pushes forward with this plan to make it legal. leave the governing of it to the provinces and try to pu

this is "bloomberg businessweek." ♪ oliver: welcome back to "bloomberg businessweek."oliver renick. carol: i am carol massar. you can also listen to us on the radio. oliver: in the global economic has an, bill dudley special trick when it comes to monetary policy. carol: he looks north for inspiration. goes back 20 years to when he was chief economist at goldman sachs before he joined the fed. to getbeen on a crusade central bankers focused on the stock market and how that interacts with interest rates, and so what he tries to say is that if the stock market continues to go up when we are raising rates, that does not necessarily mean conditions are getting tighter even though we might be trying to tighten them, so the reason why it has become relevant in 2017 and this tightening cycle, this idea that goes back 20 years, is that is what we have seen so far this year since the election, the fed raising interest rates, raising them twice over the last three months, but stocks keep going up, so on balance, conditions have been getting easier so that raises the question do

oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with bloomberg businessweektor-in-chief megan murphy to talk about some of the stories in this week's issue. let's start with the opening remarks by peter coy, politics, trump, and potentially tax reform. megan: this story cuts to the heart of the issue. campaign promises and agenda items they thought were going to be easy to get through, tax reform, just the situation they found themselves in is the coalition they need to stitch together is harder than they thought. oliver: peter always has great analysis. since the health-care bill failed, what does it mean for tax reform? what did you like about peter's take on this? megan: peter always has great insight and analysis, and for trump to think tax reform will be easier than health care reform, we have to put this into context. health care reform was a defining promise of almost every republican for seven years and collapsed in 17 days. tax reform is something republicans and democrats have had on the agenda for two decades. bringing personal rates down, in parti

some big ideas for cameras, this is bloomberg businessweek. ♪ ♪ welcome back to bloomberg businessweekd 1200 and us on boston and a.m. 960 in the bay area. also, in london. in asia on the bloomberg radio plus at. >> peter mccoy will review the new book about lunch arcing. looks at it in the united states from shortly after the civil war through the depression. he calls this the birth of predatory lending. this. theng us from industrialization of america to the great depression. >> to what degree does that get mixed in with the capacity for risk-taking? you're going to want to hire -- once a higher interest rate. >> i don't think he quite nails it. maybe because i read about economics i tend to look at supply and demand as the key determinants of any price. and interest raised -- interest rate is a price point of money. but what is causing the rates to be this high on loans? and a supplymand from the lenders who may or may not have enough money to supply. why would rates behind? there is not enough money around, that is not really the case. the other is that the person who is borrowing

this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek."m carol massar. oliver: i am oliver renick. carol: the man that president vladimir putin may worry about the most inside russia. oliver: i talked about alexei navalny. >> alexei navalny is perhaps the man vladimir putin fears the most in russia. he is an opposition candidate. he is touring the hinterlands of russia trying to get his name recognition out there. he is barred from going on television. kremlin officials try not to say his name. less than half the russian population know who he is. oliver: you must be onto to something if you are not allowed on russian tv. tell us what the protest movement entails. >> it is all about corruption. he has just put out a film talking about the, really detailing the eye-popping corruption and the money that putin and his supporters have taken from the state. this protest movement happened in 80 cities across eight time zones. that surprised the kremlin, and that would probably surprise navalny too. about 60,000 people came out across 80 cities.

this is "bloomberg businessweek." ♪ ♪ oliver: welcome back to "bloomberg businessweek."ick. north carolina is eyeing $100 million in savings. 3m finds out what is in the market for ankle monitors. potential ties between the white house and russia. all that ahead on "bloomberg businessweek." ♪ oliver: we are back with megan murphy to talk about must reads in this magazine. let's go to the markets section. topic youon with the for some talking about time. active versus passive investing, but specifically about one treasure who is taking a passive approach to a pension fund. megan: he is taking an active approach to making his management passive. this is an interesting character, the treasurer of north carolina. his view is we are being ripped off by these heavy fees that we pay for active management funds. we want to take that number down to a maximum of $100 million and shift our management to passive management. we have talked about this. this is not a shift that is new. we have warren buffett as a public champion of this shift, and this is something we have seen in pens

this is bloomberg businessweek. ♪ ♪ oliver: welcome to "bloomberg businessweek."nging consumer tastes is affecting u.s. car plants. >> it is always a supply and demand issue in the industry. it takes years to build factories, and they try to produce hundreds of thousands of vehicles all the same, and they have to project those years out, and consumer taste can swing dramatically, so we are seeing sales pass that the come and the decline has come from midsize cars such as the camry, accord, compact cars that are kind of large for compact cars, civics and corollas, ford focus. those cars are not selling like they have been selling for years and years. they have been displaced by suv's. oliver: i like the story. it is directing go straight to the numbers. give us some perspective on those numbers. that is basically that sedan market. >> those are mainstream, family cars. the malibu and fusion are midsize sedans, the same size as a camry or accord. the prius is smaller. it provides and is used as a family car. these are mainstream family sedans replaced by the compact

carol: this is "bloomberg businessweek." ♪ oliver: welcome back to "bloomberg businessweek."oliver renick. carol: i am carol massar. you can also listen to us on the radio. in the technology section, hackers are beginning to target regional central banks across europe. andhe hackers target attacked the weakest link and a network. it is not hard to imagine that smaller banks in smaller countries, poland, but other india, bangladesh, are weaker compared to the u.k. or the u.s., so hackers see those banks as access points for the network. ,liver: what is interesting when you think of hacking into a bank, there are varying degrees of protection. what is it about central banks that has been becoming a target? is there anything ideological behind it? question. a good there is certainly an ideological attack as well which pairs with the money central banks represent. when we mentioned some attacks for example by an anonymous, a group of hackers who claimed some attacks against those institutions, it is targeting governments that restricts the freedom of the internet, or they see cen

oliver: this is "bloomberg businessweek." ♪ ♪ oliver: welcome to "bloomberg businessweek."ck. carol: i'm carol massar. incubatore tech that's running on christian values. all that ahead on "bloomberg businessweek." ♪ oliver: we are back with "bloomberg businessweek" editor-in-chief megan murphy to talk about some must-reads. let's talk about housing. this is a big focal point in the economic recovery here, but you look at it in canada where there is a shortage of housing. oliver: the average home price of a toronto house, $905,000, so this is, you know, rivaling some of the most expensive metropolitan areas in in the united states, but this story takes it from a different angle. people are so desperate that people are forgoing the house inspection. which as anyone who has bought house knows, it is pretty critical, but it is usually a necessary process. while you are seeing a huge raise for these properties, they're saying prices drop by 30%, people desperate to get their offers accepted. that means sometimes, you're going to buy a house and may have termites. so you show an

all that ahead on bloomberg businessweek. >> we are here with bloomberg businessweek editor chief megan murphy. for story we look at, venezuela. if you went back 10 years ago, it was an emerging market firing on all cylinders. megan: incredibly different story. the thing i like about this piece is exactly that issue you bring up. there is a quote that says they can't picture a country that has fallen so quickly, so fast, not just economically or markets, but the actual impact on people. it is so alarming. the average venezuelan is losing 19 pounds, the struggle to get access to food. oliver: does this signal a change of ideology or regime shift in terms of political ideology within latin america? megan: absolutely. you have hugo chavez of the most prominent example of someone who swept in on this populist hide. latin america was populist long before we were populist. they were traditionally left somewhat alone. venezuela had the advantage of having a huge oil economy that was such a large exporter when we had oil prices where they were at the time above $100. it was an incredible boon t

on "bloomberg businessweek." ♪ oliver: welcome back to "bloomberg businessweek."oliver renick. you can also catches us on the radio, serious xm 119. in the markets and finance section, how washington's efforts to loosen financial regulation could spur a dangerous race around the globe. >> regulators of the last couple of months have looked at at least two big factors that happened last year, the election of donald trump and the vote in britain to leave the european union. regulators have spent the last better part of the decade basically trying to ratchet up rules to prevent banks from taking exceedingly risky bets and to make them safer and prevent the potential for future bailouts, said they are looking at those two factors and are , thinking about how countries might compete to loosen regulations. , thinking about how countries might compete to loosen regulations. -- -- whether central bankers, politicians, tell us who is giving that view that is of concern. there are a lot of people on the other side who say we need this. who his feeding the front to say let's

this is "bloomberg businessweek." ♪ ♪ oliver: welcome back to "bloomberg businessweek."k. you can also catch us on the radio on sirius xm channel 119. in the etc. section, indoor skydiving catching on in popularity. we spoke with the entrepreneurial daredevil behind the trend. >> i got to fly with two of the best coaches in the world, these two brothers from utah. they just did a brief kind of intro, then put on a flight suit and helmet for protection for the wind, sound, and you just come in through a doorway, a cylindrical glass tunnel 14 feet in diameter, 45 feet tall, and you lean into it and it picks you up and you feel a lot of wind, so after doing this for 10 minutes, the next day i was more sore than i had been in a long time because you relax, but when you are learning how to do it, you tense up and feel like you have to fight the wind a little bit. oliver: it is your first time flying? >> first time flying. oliver: it is a cool activity, fun thing, but also a big business. you are profiling a pioneer in terms of bringing skydiving indoors. carol: he is a lawyer

oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with "bloomberg businessweek" editor-in-chiefan murphy. so many stories, double-issue. and the technology section, you look at hackathons. megan: there is also a way to make enough money to only work on the circuit. look, we looked at people using these marathon coding sessions to test a product or take it to the next level. think about things they are not thinking of. and offer rewards, sometimes cash, swag. we find people whose entire apartment is littered with tvs, printers, shoes, anything you can think of from participating in these hackathon sessions. oliver: the idea was popularized in the social network. it's a very real thing. oliver: these guys are top of line and could work for major companies, but choose not to. megan: one thing i think that is great about this story, is that it is almost this cycle, this rite of passage, when you are young and don't have a lot of obligations, you probably feel free to go off and have an all-night hackathon and come back to your gross apartment. what just are thinking of longer-term g

this is bloomberg businessweek. ♪ oliver: welcome to bloomberg businessweek.ndustries -- how changing consumer tastes is affecting u.s. car plans. reporter in our dietrich. >> it is always a supply and demand issue in the industry. it takes years to build the factories, and they try to produce hundreds of thousands of vehicles all the same. they have to project those years out, and consumer case can swing dramatically from month to month or year to year. so sales of past the peak, and all of the decline has come from cars. midsized cars like the toyota camry or the honda accord. compact cars that are now kind of large for compacts. civics, corollas, ford focuses. those cars are not selling like they have been. they have been displaced by suv's. it has the market a little out of whack. oliver: i like the lead and how it goes straight to numbers. ford fusion, down 37%. malibu, down 36%. 39%.ous down give as a perspective on the number spirit that is the sedan market. >> right, mainstream cars. malibu and fusion are midsized sedans, same as a camry or accord. the

>> welcome to "bloomberg businessweek." we are coming to you from inside the magazine's headquarters in new york. the satirical newspaper striking fear into the hearts of french politicians. and what the maker of post-its is doing in the market for government issued ankle bracelets. and finally, what could be the most expensive mistake for the u.s. military. ♪ anchor: we are here with the editor and chief. so many stories this week. we want to talk about something in technology. stints can be so crucial for stroke recovery but not everybody has access. this is a story that looks at how these stints, relatively $8,000.round in terms of the medical field, this isn't a huge amount of money. when you have a stroke, the speed at which they can alleviate the pressure and bleeding on the brain is crucial to recovery. what the article talks about is how the injection of these metal stents that are used to take the clock out, they are not common. there are only 115 stroke care -- stroke specific care centers in the u.s. first respon

next. ♪ oliver: welcome back to "bloomberg businessweek." can also catch us on the radio. 99.1 fm in washington dc. london, and in asia on the bloomberg radio plus app. in the technology section, some of the country's top coders have found a way to avoid the nine to five. literally means to put something together out of existing pieces. marathon is like a building session. they last from 24-48 hours. > not all hacking is bad. these are basically engineers building projects. they are doing it as part of sort of a tournament. tell us where these began. >> any place with a large area like an auditorium, any type of conference hall. anyplace with screaming fast wi-fi and bathrooms. oliver: and a steady supply of doritos and red bull. it has talking about how essentially becomes with a replacement for full-time jobs. tell us about the story, who is going to these hackathon's. how they are making money. whether or not it is a replacement to a career. i wouldn't people, say it is super widespread, but there have been a dozen or more people who have

. >> it's all straight ahead on a special "bloomberg businessweek debrief." john: prime minister trudeau, welcome back to bloomberg. [speaking french] john: that, you will be relieved to hear, is the last french you'll be hearing from me. when you have barack obama in the white house, nafta was a thing of beauty. you still say you are extremely pro-free trade and canada relies deal.s a great tuesday, donald trump went to wisconsin and promised he would protect dairy farmers against unfair trade and cited canada in particular. he also said for good measure, " we're going to get rid of nafta once and for all." i think this is your first chance to give your reaction to this constructive dialogue. [laughter] john: would you like to take it away? the trudeau: one of fundamental things canada and canadians know is trade can be a fundamental driver of tremendous growth. one of the challenges we have seen in the rise of populist or nationalist politics around the world is the reflection that trade has not always been great for everyone. sometimes it benefited only the

oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with "bloomberg businessweek" editor-in-chiefny stories, double-issue.

magazineotlight on segment, we will feature bloomberg businessweek writer to discuss his recent columnnew technology in football to detect and protect against player concussions. watch "washington journal," pentecost eastern saturday -- 90. saturday morning. join the discussion. " is live from the annapolis boat felts will -- " booktv tv" is live from the annapolis book festival. , author ofeluca "coming-of-age in the other america." a discussion on criminal justice . the book "grace and justice on death row." discussions with the author of "pilgrimage, my search for the real pope francis." 1:30 p.m. eastern, author of watch the of sound," 15th annual annapolis book festival live on saturday at 10:00 a.m. eastern on c-span's "book tv." announcer: white house press secretary sean spicer who is , traveling with the president in florida this weekend, held an off-camera briefing with reporters to discuss the u.s. missile strikes in syria. this is about 15 minutes. i have michael anton with me of the national security committee. we intend to have a readout later. hopefully we can gather wit

in our spotlight on magazine segment, we will feature bloomberg businessweek writer to discuss his recentumn on new technology in football to detect and protect against player concussions. watch "washington journal," pentecost eastern saturday morning -- 90. saturday morning. join the discussion. sunday, good cobs catching better jobs. pd former chief of the in my talks about his book with court, the former nypd office or in the air of once a cup. bravery,ask a verge, integrity. there is always that small number that keeps you up at night. when i was the commander, everybody knew. you didn't trust any other person. i brought the commanding officers and we would be with them on the regular basis and i would ask them commands like in your -- are you concerned about? >> watch out for words at 9 p.m. east turn on c-span2. >> sean spicer, traveling with the president in florida, held an off-camera briefing with for orders to discuss the u.s. missile strikes in syria. this is about teen minutes. sec. spicer: i have michael anton with me of the national security committee. we intend to have a re

oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with "bloomberg businessweek" editor-in-chief stories, double-issue. and the technology section, you look at hackathons. megan: there is also a way to make enough money to only work on the circuit.

. ♪ carol: welcome to "bloomberg businessweek." i am carol massar. oliver: i am oliver renick.tlers making a living from coding contest. on thefe is really like border between the united states and mexico. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. so many stories, double issue. you look at hackathon's. s.

oliver: welcome to bloomberg businessweek. we're coming to you from new york.fear into the hearts of french politicians. and what post-it notes is doing and the market. finally, what's been the most extensive mistake for the u.s. military. the editore are with in chief of bloomberg businessweek. so many stories this week. we want to look at technology. s

. ♪ carol: welcome to "bloomberg businessweek."ng to you from inside the magazine's headquarters in new york. for starw attractions wars and avatar, inside disney's magic kingdom factory. with robert dek niro about how he prepared to play bernie madoff. carol: why the creators of this is spinal tap have been paid next to nothing, and that might be about to change. onver: all that ahead "bloomberg businessweek." ♪ carol:

. ♪ carol: welcome to "bloomberg businessweek" i am carol massar. . oliver: i am oliver renick.ll battle president trump may face. oliver: we talk about the cyber hackers targeting central banks. carol: the reinvention of espn. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with megan murphy to talk about some of the stories in this week's issue. let's start with the opening remarks

all that ahead on "bloomberg businessweek." ♪ olivercarol:

. ♪ ♪ oliver: welcome to "bloomberg businessweek." i am oliver renick.u from the magazine's headquarters in new york. the satirical newspaper striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek." so much this week. you guys take a look at stents.

military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek."

oliver: all that ahead on "bloomberg businessweek." ♪

♪ >> welcome the bloomberg businessweek. i am oliver renick.the most expensive mistake for the u.s. military. ♪ >> we are here with the editor and chief of bloomberg businessweek, megan murphy. we want to talk about something and technology. this is something that can be so crucial and

boudway is a writer or "bloomberg businessweek." thank you for being with us. host -- guest: thank you. therein are: c-span, where .istory unfolds daily c-span was created by america's cable television companies and is brought to you today by your cable or satellite provider. announcer: now a discussion on race in america and the post-obama era. then an encore presentation of "q&a" with heather mcghee. after that, a look at new technology that can diagnose concussions and what it could mean for the nfl. announcer: now a discussion on race in america and the post-obama era. we will hear from "wall street journal" editorial board member jason riley and "new york times" writer nikole hannah-jones. this is an hour and 20 minutes. >> good evening. i am not the nationally resound -- nationally renowned speaker that was previously introduced. i am proud to be your moderator for this conversation. two important caveats to our conversation. one is that our speakers have come to talk about a wide variety of views.

. :♪ carol: welcome to "bloomberg businessweek." we are coming to you from inside the magazine's headquarters in new york. carol: new attractions for star wars and avatar, inside disney's magic kingdom factory. oliver: we speak with robert de niro about how he prepared to play bernie madoff. carol: why the creators of this is spinal tap have been paid next to nothing, and that might be about to change. oliver: all that ahead on "bloomberg businessweek." ♪ ca

. ♪ oliver: welcome to "bloomberg businessweek." i am oliver renick.apers striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy.

matt phillips, editor of bloomberg businessweek. that the latest copy of the magazine and tear more for magazine to reporters and sunda markets,on bloomberg you can speak with -- we will speak with james degrees. he will join me to discuss defense spending at 1:00 eastern time. tune in onou thursday. we will take a deep dive into the relationship between the united states and china for the hour. as president trump travels to florida to meet with his chinese counterpart for two days and mar-a-lago in west palm beach. on thursday at 1:00 p.m. eastern time. you can catch all of our interviews and live events on the bloomberg with function tv . this is bloomberg. ♪ >> 2:00 in new york, 11:00 in san francisco. i'm scarlet fu. julie: and julie hyman, welcome to bloomberg markets. scarlet: with her life and bloomberg world headquarters in new yo over the next hour. we will cover stories out of detroit, london, and hong kong. here the tp stoes. , a risk as we begin the second quarter when it comes to equities. major indexes trending low

bloomberg businessweek editor here in london. dan moss, editor for bloomberg global economics. you for joining us. >> happy to be here. flesh and london. he talks about the dollar. not the first time. should he be battling in the dollar? he metals and all sorts of things. should we be surprised? inyou are right to put it context. this is during an interview where he advanced disparate policy notions on a variety of things, talk about the strong dollar hurting the economy. related to donald trump that it was the markets faith and how progrowth policies will try the dollar up. -- drive the dollar up. talking about putting the repeal of obamacare the front of his legislative agenda. we cannot take anything in a 24 hour, 48 hour framework. they are really going through convulsions on what they're going to put forward in terms of tax reform. this relates to whether he will be some sort of import tax, tariff, what they're looking at. i think he is saying things -- sometimes he says things he is not sure where it is going to go. we've seen the market reaction. after you backed off on

. ♪ >> welcome to "bloomberg businessweek."u from inside the magazine's headquarters in new york. the satirical newspaper striking fear into the hearts of french politicians. and what the maker of post-its is doing in the market for government issued ankle bracelets. and finally, what could be the most expensive mistake for the u.s. military. ♪ anchor: we are here with the editor and chief. so many stories this week. we want to talk about something in technology.

you can read his story in the latest business bloomberg -- bloomberg businessweek. this is bloomberg. .. .. it is three p.m. in new york, 12:00 p.m. in san francisco, 8 p.m. in london. scarlet: welcome to bloomberg markets. oliver: we are live and bloomberg world headquarters over the next hour. berlin, and syria. here are the stories we are covering on the bloomberg and across the world. one hour ago on trading day stocks will change following a margin report that missed its mark and a missile strike against syria that did not. defense contractors and gold have been hired throughout the day. wantsump and ministration to bring back the glass-steagall act, but doesn't have any chance of passing with washington lawmakers? we will ask a member of the banking committee what he thinks. -- slams jamie dimon about regulatory burdens. we will bring you more from his interview from earlier. and a check on the markets with abigail doolittle. one question would be if the major averages hang onto the very small day. unchanged, investors trying to digest what that weaker non-form

bloomberg. ♪ "bloombergto businessweek."er striking fear into the hearts of french politicians. post-itsthe maker of is doing. and the most expensive mistake for the u.s. military. anchor: we are here with the editor and chief. we want to talk about something in technology.