this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek.". julia: i am julia chatterley. you can also catch us on the radio, 106.1 in boston, 99 .1 fm in washington, d.c., and a.m. 960 in the bay area. carol: and in asia on the bloomberg radio plus app. bruce springsteen and jon bon jovi have signed up with irving azoff in hopes of earning more money every time their songs are played. chris: irving azoff is a legendary manager. he got his start in the 1970's with the eagles, and he has always been one of the toughest guys negotiating in a difficult business. he is now tackling radio because he sees the format is being updated. the compensation for artists was really has to out in the 1930's and 1940's, and that has not changed at all. that is his push lately. carol: what is his push specifically? chris: he has a group of artists -- some of the biggest names in the business, pharrell williams, bruce springsteen, bon jovi -- and he says this is a key part that radio stations play, this is where you are generally advertising, instead of the 4%

carol: "bloomberg businessweek" is available online. julia: and on mobile. arts right now. ♪ . . retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ emily: i am emily chang. this is the "best of bloomberg technology" where we bring you all of our top interviews from this week in tech. coming up, the former chairman of the fcc, tom wheeler, slams the plan to roll back net neutrality. wheeler joins us to discuss what he calls a shameful sellout. plus, another huge setback for uber. the company concealed a hack affecting 57 million accounts and then paid the hackers to delete it and keep it quiet. hpe announces meg whitman's departure.

carol: "bloomberg businessweek" is available online. obile. ♪ coming up on "bloomberg best," the stories that shaped the week in business. uncertainty in germany. political pressures mount. the government tells at&t "see you in court," and u.s. retailers hope for great results in black friday. >> the difference between the online business and bricks business is really important. >> listen up, speaker, no one should doubt our results. ramy: and in the u.s., the te

carol: "bloomberg businessweek" is available online. mobile. ♪ scarlet: this is "bloomberg etf iq." ♪ scarlet: making it back in a big way. why are etf's designed to act like mergers are not finding the love. the man behind ltd, the first fixed income says active managers are using passive etf's turning the act of debate on its head. the most wonderful time of the year for shopaholics and the most crucial t

[laughter] julia: all of that and more on "bloomberg businessweek." ♪ carol: we are here with "bloombergusinessweek" editor-in-chief megan murphy. you have a big focus on tax reform this week. in the business section, you lay out graphic. megan: we took a close look at the house plan. it is a serious attempts to implement major changes to the u.s. tax structure. but also there is so much at stake politically. it is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. when anyone tries to get this done, there is a reason why it has failed in the past. the u.s. tax code is so complex and there are so many vested industries and people and and special interest groups that relied on parts of the tax code that in a normal, intelligence and stem you would not have him back. what is fascinating about the house tax plan is how much that it raises the deficit which has long been anathema for republicans. but also to make the numbers work, how much they look at smaller, limited parts of the code that

this is "bloomberg businessweek." ♪ ♪ julia: welcome back to "bloomberg businessweek."lia chatterley. you can find us online at businessweek.com and on our mobile app. in the features section, health insurance company centene is taking its carefully crafted business plan national. that could mean fewer choices for customers. here is reporter brian. >> talk to us about it. it is a publicly held company. if you look at the stock, it has shot up this year. it is helping out the folks in georgia when it comes to health insurance. brian: they go back to 1984 when it was founded in the basement of a hospital in milwaukee. in 1996, the ceo who is now ceo came in. he had $40 million in revenue, 40,000 customers in a couple of counties in wisconsin and part of one in indiana. now he is over $40 billion in revenue. their stock price tripled in the last five years or since obamacare effectively came in. they are doing quite well, but they are not terribly well-known, in part because when they sell their medicaid and their obamacare plans in various states, they frequently sell the

carol: welcome to "bloomberg businessweek." julia: we are inside the magazine headquarters in new york. carol: the republican tax-cut proposal. who gets what? julia: saudi arabia, what is at stake? all that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor in chief, megan murphy. you have a big focus on tax reform this week. in the business section we had a graphic evidence of the house plan. megan: it's a credible, serious attempt to implement major changes to the u.s. tax structure. also there is so much at stake with this politically. it is fascinating a year after the election we are now getting to what republicans universally say is there real thing that really have to get done now, tax reform. when anyone tries, there is a reason why it has failed traditionally. the u.s. tax code is so complex and are somebody vested industries and sectors and people and special interest groups that for so long have relied on a lot of parts of the tax code that in a normal system you would not have had. what is fasci

this is "bloomberg businessweek." ♪ ♪ carol: welcome back to "bloomberg businessweek." carol massar are. : i'm julie chatterley. you can find us online at businessweek.com. carol: and on the mobile app. in the politics section, billionaire mega-donor robert mercer is known for bankrolling the nationalist movement that elected donald trump. julia: he is positioning himself to be even more politically active. >> robert mercer is the officer ofecutive renaissance technologies, perhaps the most profitable hedge fund in the history of the world. financer also the behind this brand of kind of insurgent republican nationalist insurgency that propelled donald trump to the presidency last year. carroll: and specifically, he is involved with steve bannon and breitbart. big-time. >> that's right. he has been bannon's atm for his projects. to take over the republican party, push it in a populist, nationalist direction. mercer basically bailed out breitbart news when it was floundering and turned it into what it is today, this successful voice for this brand -- popular wrist, nation

carol: welcome to "bloomberg businessweek." julia: we are inside the magazine headquarters in new york. carol: focused on the year ahead. julia: 50 companies that could make waves in 2018. carol: high profile newsmakers. julia: shaping decisions. carol: this is "bloomberg businessweek." ♪ >> we are here with the editor-in-chief, megan murphy. it is all about the year ahead. you talk about it in your editor's letter. can you believe we are done with 2017? megan: are we? [laughter] carol: not quite. megan: so much is going on. having come from washington to be the editor-in-chief. the political year, around the world. so many things in 2017 that we would not have predicted. in 2018, people doubled on -- and will predict things. the most interesting thing -- in 2018, we are going to double down and predict things that may or may not happen. regardless of where you stand, you have seen tremendous destruction, tremendous populism, things we might not like to see sometimes. an underlying label about economic growth, lifting cards, we

this is "bloomberg businessweek." ♪ julia: welcome back to "bloomberg businessweek."chatterley. still ahead in this week's issue, zimbabwe after mugabe. the eu goes from lost decade to potential golden years. and the best business schools for landing the highest paid jobs. all of that still to come on "bloomberg businessweek." ♪ julia: plenty more must reads in the magazine this week. we are back with megan murphy, editor in chief, and in the politics section this week we are talking about the climate. megan: this is fascinating. as someone who used to live in san francisco, this is talking about something that we really don't think of a lot with climate. this is on the knock-on effect of housing prices and inaccessibility of housing in california. it is a state that is really grappling with that. what is shown is that as people are pushed out of the main metro every as, los angeles, san francisco, and have these extraordinarily long commutes because they need to live in areas where they can afford to rent or buy a home, that is causing climate problems to get worse b

this is "bloomberg businessweek ." ♪ ♪ julia: welcome back to "bloomberg businessweek." a chatterley. you can listen on the radio at 106.1 in channel 119, boston, am 960 in the bay area. , and in asiamux 3 on the bloomberg radio plus at. pp. they may not be the biggest cybersecurity firm in the market, but it is the pentagon's favorite. i spoke to the ceo. >> endgame builds a protection platform. we protect customer's data from attack by preventing breaches on the endpoint and by detecting and responding to breaches and automating the hunt for attackers that may already be inside our customers' networks. julia: how do you stop it spreading? nate: there is an enormous amount of math behind it. algorithms involved in the detection process. this is a credit market. we have to put a lot of emphasis on independent third-party validation. not us saying how good our stuff is, but others who are seen as credible and independent verifiers in a market where there are many companies claiming to be the same thing. julia: what about your model making you different? hackers change. the

♪ >> welcome to "bloomberg businessweek."ulia: we are inside the magazine's headquarters in new york. carol: a special focus on the year ahead. julia: we surf through the data to give you 50 companies that can make the biggest waves in 2018. carol: one-on-one interviews with high-profile newsmakers. julia: and the events that shape policy and decision-making that here. carol: this is "bloomberg next year. carol: this is "bloomberg businessweek: the year ahead." ♪ -- next year. carol: this is "bloomberg businessweek: the year ahead." ♪ carol: we're here with megan murphy. it is all about the year ahead. you write about it in your editor's letter. first of all, can you believe we are done with 2017? megan: so much has gone on. so much unexpected has gone on. as you guys know, so much of the attention has been focused on the political year. not just in america and around the world. there are so many things in 2017 that happened that we would not have predicted that for 2018, we will double down and predict more things that may o

carol: this is "bloomberg businessweek: the year ahead." ♪ ♪ julia: welcome back to "bloomberg businessweekhatterly. carol: and i'm carol massar. looking ahead to a potential post-isis world and what to expect in iraq and syria. julia: plus the next hack attack, all of that and more up ahead in "bloomberg businessweek." ♪ julia: this year-ahead edition of "bloomberg businessweek" is absolutely littered with stunning interviews. one of them, former director of the cia general petraeus. megan: well, yeah. if we look at 2018 as an area with potential risk, he is an expert to talk about looking at the hot areas, which will be north korea and the middle east. i want to single out his comments on north korea. you know, he backs the trump administration and what they are doing and trying to force china to be the active player reining in north korea. as we know, that has not worked, it has not worked as well as one might have thought until now, and that is because china's biggest fear is that we will see the disintegration of north korea as we know it and reunification of korea. that is their worst

carol: welcome to "bloomberg businessweek." julia: we are inside the magazine headquarters in new york. carol: a special focus on the year ahead. julia: we surf through the data to give you 50 companies that can make the biggest waves and 2018. carol: one-on-one interviews with high-profile newsmakers. julia: and the events that shape policy and decision-making that here. carol: this is "bloomberg businessweek: the year ahead." ♪ carroll: we are here with editor-in-chief megan murphy. it is all about the year ahead. can you believe we are done with 2017? not quite, but almost. megan: so much has gone on. as you guys know, so much of the attention has been focused on the political year. not just in america and around the world. there are so many things in 2017 it happened he would not have predicted. in 2018 we will double down and predict more things that may or may not happen. the most interesting thing from what i think about it 2018 is things are better than you think. you may have had an incredibly tough year. regardless of

julia: this is "bloomberg businessweek: the year ahead." ♪ ♪ julia: welcome back. can also this xm, amnd radio on sirius am 960 inston, and the bay area. julia: and in asia on the bloomberg radio plus app. carol: 2018 will see a new central bank appointment in the united states and potentially in china, japan and europe. julia: we asked christina lindberg what to expect. christina: we will see three major central banks began to which all stimulus. actually two. japan continues longer than everyone else. that will be a turning point for investors, for economies, for companies in europe that have received support from the ecb. it is going to be a big inflection point. carol: we are talking about tons and tons of money. cristina: trillions. carol: make it easy within the global economies, and now we are stepping back? tina: it is the moment everyone has been waiting for. that does not mean we will not see some taper tantrum's we have seen in the u.s. and europe. there has been a great deal of communication about schedules and the pace of things. in the u.s. we have al

julia: all of that and more on "bloomberg businessweek." ♪ carol: we are here with "bloomberg businessweekrphy. you have a big focus on tax

[laughter] julia: all of that and more on "bloomberg businessweek." ♪ carol: we are here with "bloombergin-chief megan murphy. you have a big focus on tax

. ♪ carol: welcome to bloomberg businessweek. trouble for justin trudeau.ngela merkel. all that ahead on bloomberg businessweek. ♪ carol: we are with the editor in chief megan murphy. we kick it off, taking a look at canada which i feel has largely escaped the populist movement we have seen

megan murphy, bloomberg businessweek editor and the chief -- chief washington correspondent on capitol hill. >> a strong rebound across u.s. markets now with nasdaq at an all-time high. abigail doolittle has the latest and abigail: a nice rally for in may for -- major averages the u.s. all sharply higher. the dow and s&p 500 on pace for the best day since early september. war between the bulls and the bears but today seems to be some optimism that the tax reform bill in the house will pass and that could give the economy a nice jolt. one index that has been more , take a look at 1.8% through the -- since the end of september. optimism around tax reform efforts. across asset classes, not entirely looking at other asset classes or seeing risk on. take a look at the 10 year yield lower the japanese yen and the commodity index. the 10 year yield up three basis points. consistent with what we are seeing in the rally in stocks. is up slightly and another style of risk assets actually down a little bit. we are not seeing a confirmation of the risk on activity we are seeing for stocks. one thi

. ♪ ♪ >> welcome to "bloomberg businessweek."e magazine's headquarters in new york. carol: a special focus on the year ahead. julia: we surf through the data to give you 50 companies that can make the biggest waves in 2018. carol: one-on-one interviews with high-profile newsmakers. julia: and the events that shape policy and decision-making that here. carol: this is "bloomberg next year. carol: this is "bloomberg businessweek: the year ahead." ♪ -- next year. carol: this is "bloomberg businessweek: the year ahead." ♪

. ♪ carol: welcome to bloomberg businessweek. trouble for justin trudeau.merkel. -- a miss for angela merkel -- a mess for angela merkel. all that ahead on bloomberg businessweek. ♪ carol: we are with the editor in chief megan murphy. we kick it off, taking a look at

carol: this is "bloomberg businessweek: the year ahead." ♪

. ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. julia: and i'm julia chatterley.n , trudeau. companies catering ppers.parat onia: all that ahead "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. , we kick it off, taking a look at canada which i feel has largely esct

. ♪ julia: welcome to "bloomberg businessweek." i am julia chatterley.agazine's headquarters here in new york. in this week's issue, the flooding of houston's energy corridor, u.k. prime minister theresa may's delicate balancing act, and the bloomberg annual business school rankings. all that to come on "bloomberg businessweek." ♪ julia: i'm here with editor in

. ♪ julia: welcome to "bloomberg businessweek." i am julia chatterley.azine's headquarters here in new york. in this week's issue, the flooding of houston's energy corridor, u.k. prime minister theresa may's delicate balancing act, and the bloomberg annual business school rankings. all that to come on "bloomberg businessweek." ♪ julia: i'm here with editor in chief megan murphy.

bloomberg's businessweek's matt, and we have agencies around the world launching investigations intohis? >> three in europe, and eric snyderman is on this. we will continue to see more states get in on this. it seems to be regulated at the state level. and they say they should've disclosed this breach. it seems pretty clear they did something wrong. emily: the interesting thing is that they paid the hackers to cover it up and seems to imply we could take hackers at their word. max: it is pretty insane when you look at it. i'm not really sure what else you would call it. the idea that you can take these hackers, clearly not necessarily trustworthy people, and try to get them to sign something or get them to promise or swear that they will not give away the data. and thinking that's enough, not to tell your customers, that's really troubling. it raises questions about how hard it is for uber to clean up. when we step back and look at the data breaches we have had over the past year, it is just very concerning just from a consumer perspective. emily: it's not like these are young kids a

all that to come on bloomberg businessweek. ♪ julia: i'm here

joining us now to discuss the past year is making murphy of bloomberg businessweek.ve come? to pledged unity and we have not seen him or others follow through with that. megan: no. it is so interesting to be sitting in the seat this morning as opposed to where we were a year ago on the back of really historic wins last night. the governors and the further down ballot. there will be a lot that will be cursed through if this is the democrat fight back moment. the inability for them to really get anything done, resistance to so many administration proposals have galvanized a new voter race. i'm looking at white middle-class women and the youth that turned out. it is fascinating. shery: you are here last year. i was in mexico watching the peso go up and down. since then president trump is not softened his stance on trade with mexico. he is right now in china. how has his foreign-policy shaped up? megan: is reflective of the broader agenda, which is going in every which direction. when we look at this trip and what they have been talking about with trade and movement by t

pick up the latest issue of "bloomberg businessweek." thanksgiving, we take a look at the food of the apocalypse, it is a fun issue. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. tom: good morning, everyone. "bloomberg surveillance." right to it on a monday. here's taylor riggs. taylor: it is the biggest online shopping day of the year in the u.s. e-commerce on cyber monday is expected to rise almost 17% from a year ago to $6.6 billion. online spending during the holiday season is projected to make up more than 11% of total retail sales. that is the most ever. a federal judge must now decide who is temporarily running the u.s. consumer fi

don't forget to check out bloomberg businessweek's specialty dish and, the bloomberg 50.at defined global business in 2017. up next, do tech stocks recover? -- we will speak to michael about his outlook for next year and how tax reforms they affect the industry. this is bloomberg. ♪ betty: we are counting down to asia's first major market opening this morning. japanese futures looking pretty bold here in tokyo. just about 15 minutes until then. this is "bloomberg: daybreak asia" and i'm betty liu in new york. paul: bitcoins wild ride this dramatic highsn and equally remarkable declines. we saw one just 24 hours ago. after hitting a thousand dollars in trading it has dropped to 9500. the fed watchdog said they are far from embracing bitcoin currencies pointing to the why pointing to the wild volatility. as you weresting, talking, the price flipped up and down that psychological 10,000 line showing the gyrations and that is what is giving investors pause. some nobel laureate saying the rise and- saying the fall of this reminds one of the great depression. let us look at the

we talked about this on "bloomberg businessweek." isseiese ceo -- credit ceo spoke with us after two years of losses. this is bloomberg. ♪ julia: this is "bloomberg markets," i'm julia chatterley. scarlet: i'm scarlet fu. indit suisse overhauling favor of wealth management and emerging markets. the ceo agreed to accept lower bonus after some backlash. when asked what compensation would look like for his employees this year. in 16, it was come in terms of numbers come a dismal year. issues and wej think it was keyed silly the -- and we think it was keyed to lay the foundation for these numbers. in the end come we protected the franchise by paying our staff, in order to protect the franchise. i think this year, with the improvements and results, there will be a balance. i think you should not expect anything spectacular, but something fair. not a big increase compared to the previous year. but more than what we should have paid. fundamentally, the objective is to operate profitably and compensation is a derivative of that. julia: that w

for more, let's bring in a bloomberg businessweek columnist, and thanks for taking the time, of courseeach this deal. -- reporter:lows it allows uber to move forward. investors basically removed basically controlled the company. they added a bunch of board seats that are contingent on this deal, and they take away the power to name directors without consulting with the board. now, some of the early investors, in exchange, one of the investors is going to drop a lawsuit, and they will have the opportunity to sell a big chunk of their stake, albeit it looks like at a bit of a discount joe:. joe:-- a bit of a discount. final ubers like a raise? it, andould not bank on 2019, that gives them a pretty good chunk of time to get through before that, so i would not be shocked if they went act and raised additional fines. -- if they went back and raised additional funds. i think there are buyers if uber is selling, so they can raise money pre-much at any time. -- pretty much at any time. scarlet: what can they do now with the money that they could not do before? max: only $1 billion is going int

megan murphy ed are to of bloomberg businessweek and eddie claude is from the center of african-americannceton university and the huffington post contributor. it's not quite a roundtable, but it's a table. i think it works if you want to check with fox and friends and sean in the evening and they all begin to sing the greek chorus. let's go back to the uranium and whatever. it will not stop mueller, one inch, one step. >> of course, it will not stop robert mueller. you only have to look at the indictment and how methodical he's been in the process and the first set of charges and the outline to know how serious and how great this is, and all of our reporters show inside the white house while they're trying to project an image of calm and coolness and distancing themselves not only from the players involved but from the entire teener of the investigation, let's go back to hillary and uranium one and whether cfius looked at this deal and let's look at the clinton connections, and it's ludicrous and what the american people in particular focused on is his uranium dealings. >> it seems to me

read the full bloomberg 50 list of the individuals that drove the conversation this year in bloomberg businessweeke for the bloomberg business flash. saudi aramco -- the energy minister spoke to bloomberg tv after the opec meeting. >> there is a government process. looking at the ipo. i can to you that the government is on track. the company is on track to getting the ipo done in 2018. my advice is to stay tuned and you will get the news. ipo would raise tens of billions of dollars and would be the largest on record. warren buffett's fruit of the loom has joined the subscription bandwagon with "fruit to your door." customers can order a sixpack of briefs and have them delivered to their door. that is your business flash update. the only reason i did not laugh washat was because julia telling me about this story earlier. joe: now, i am giggling. what you need to know for tomorrow. this is bloomberg. ♪ ♪ for the averages and records again for the dow jones industrial and the s&p 500. the dow jones industrial making back some of yesterday's losses. breaking news. the blue apron ceo is stepping down.

let me show you the new bloomberg businessweek out today. it nationwide. g the younger crew. it is a great read. front and center, central banking. stay with us. this is bloomberg. ♪ francine: this is "bloomberg surveillance." we are just getting some davis, a from david brexit secretary talking in the house of commons where he is being grilled by lawmakers. is notaying no deal probable. his tone has shifted. what i'm hearing is a little softer. he is saying there is less probability of a no deal, but however even if something deals ine does expect data, nuclear, and aviation. he says they will be transition which will give time after brexit negotiations are made. there is muchf reaction on sterling, you will have to tell me by looking at your charts. the market is getting ready for the first interest rate hike in 10 years. here is taylor riggs. trump's choicent to head the federal reserve is a former executive that favors gradual interest-rate raises. he will nominate jerome powell today to have the central bank. if confirmed, he would replace janet yellen

joining us now is the editor of bloomberg businessweek to discuss it further. megan, great to have you. the success of the house passing their version of the bill. but the senate version, very different in many ways. megan: we should probably highlight the places it is different. we are talking about full repeal of state and local tax deduction in the senate bill, as opposed to the differences in the house bill. that is important for those states with high state tax, including california and new york and new jersey. if you look at those that just voted on the republican side, all of them -- we are also talking about the inclusion of the individual mandate repeal of obamacare, that was an addition that has called a lot -- caused a lot of consternation. we should talk about the individual tax breaks, as opposed to the corporate tax rates. that is done to make the bill fit into the numbers they need to make it work to just pass with a simple majority as opposed to democrats being able to block it with a filibuster attempt. >> you have that and the actual number of

joining us for an election roundup is our bloomberg businessweek columnist and best-selling author joshle vote for democrats or did they just vote against the trump-led republican party? >> i think they did both. when you look at exit polls, democrats, somewhat surprisingly, said they were voting for their own candidates, but i do not think anybody can assume that they wave of turnout we saw from democrats was not motivated to some large degree by antipathy for donald trump and his agenda. can it edlar, for gillespie, who despite trump's somewhat misleading tweet -- he really did embrace the trump agenda, from everything from criticizing nfl players to protecting confederate statues. gillespie ran a trump-thing campaign and got absolutely tramped. was trying to take on some of trump's populist tone. he was endorsed by the bushes. >> that is right. he had a long career in washington. he's very well known to people here in media politics. he is also very well known in the suburbs outside washington, d.c., that is a pivotal in these statewide elections. going into the night, there was a be

fortunately, we are joined by bloomberg businessweek editor-in-chief megan murphy.questions about what happened around the suggestion that perhaps she was going to go to uber and the clarity upon which she gave information to hewlett-packard enterprises, but also political ambitions in the future, too. megan: i am interested to see the share price reaction and such a deep tumble. it is a short window from now to february 1, 2018. look, you know, meg whitman has presided over the split. i am sure our viewers are familiar with it. she is a former failed republican candidate. uber, we should talk about that. there were a lot of questions surrounding the process. she did not tell the whole truth about how involved she was. they came to her late in the process. did seem like she would have taken the job, that she was very interested in it. with everything that has happened since, we forget about how much storm there was over uber when travis left and the hubbub over the harassment in that company, but it is interesting to see what prompted this at this time and with the

theal -- for more, pick up next edition of bloomberg businessweek. there is the cover. ondon with tom keene in new york. let get back to adam posen. decision, a the boe dovish hike is how it was read by the markets, did they handle this right? >> they largely did. allissue on twitter of places, as opposed to when i was at the boe, this is a finely tuned debate. i can understand why there are people who want to raise but in order to justify raising in the u.k. right now, you have to think there is an inflation threat there is not there in the investigative. that is what governor carney were saying any references to brexit, the inflation anchor and what will happen to the currency is less under their control that it used to be. i would not have voted for a hike, but i can understand why people did. hike and was one forward guidance? expectations for the next hike further along. in terms of wage growth, the bank of england has said in the past that domestic pressures are coming but we did not get a sense of that in this press conference. do you think the inflation outlook i

you can read more of bloomberg stories by picking up the latest issue of bloomberg businessweek. ince and his revolution. has he gone too far? this is bloomberg. ♪ tom: good morning. thrilled you are with us. bitcoin, loaded to the boat on bitcoin. u.n. matt miller got together and bought it. is none: they say there volatility. look at bitcoin. volatility is there if you have the appetite for a. mr. trump: he has a great relationship with the country's leader. he offered to resolve disputes with china over the south china sea. trump ignored questions about his alleged human rights violations involving a deadly war against drugs. those accusations of impropriety appeared to be having an impact senate candidate roy moore. he has fallen behind in polling for the special election. shows dougished jones -- shows more trailing doug jones. we have heard from lebanon's prime minister for the first time. his surprise since resignation. he denied speculation he is being held against his will. he will resign when he returns to beirut in a few days. heleft open the possibility will return to

is twisted and different, megan murphy from liver business week with your bloomberg 50 -- bloomberg businessweekour audience really needs to know. >> so many, we love patty jenkins, the director of "wonder woman." only the second woman a director of a movie over $100 million budget. billionrossed nearly $1 globally. softbank. the president it venture fund and that's unprecedented venture fund. we are thrilled with the list and what kind of people we have -- have defined the global business landscape. francine: congratulations on businessweek. i am looking at the list and try to figure out what we should be looking out for. how did you compile the list? >> we look for definable metrics of people who had done things we could put out in 2017 to say, these people always on the list, who turn up time and time again, but we look for people who had a quantifiable data point, metric, something we know they can define this year and that people we think you should know about this year and a whole list of people you should know about up and coming for next year. reporters,all of our 2700 people around the

we will find the latest bloomberg businessweek. lightful holiday dinner. don't miss it. this is bloomberg. ♪ nejra: let's get the bloomberg business flash. the energy supplier plunge the most in 20 years to they. profit was less than expected. the market share is shrinking. they're having to deal with government limits on the amount customers pay. germany's biggest dealmaker reported a 15% increase in earnings. it is forecasting higher profits. the maker of angry birds has some angry investors. 20% of marketost value. fell 29% from one year go. that is the bloomberg business flash. -- dollaryou stumble tumbled after the latest fed meeting. while fed officials are confident in the labor market and economic growth, several looking for stronger signs that prices pick up. if you want to see inflation on an upward path before lifting rates. the possibility of a christian -- december rate hike seems unchanged. when you look at the fed, what did we learn yesterday? it's more complicated and some people think. luca: they will look at this g

you can read more by picking up the latest issue of bloomberg businessweek and our cover story is a disunited may and the tories cannot get their act together. we discussed it yesterday, a fantastic story. subscribe to get it. this is bloomberg. ♪ ♪ surveillance in london and new york. i am tom keene and nejra cehic is in for francine. news about tax reform, maybe cut. u.s. house republicans passed their version of legislation to overhaul the tax cut my slashing the corporate tax rate and lowering tax burdens for most individuals. it would add an estimated $1.4 trillion to the federal deficit over the next decade with studies suggesting many of the benefits may go to the highest earners. the senate is debating its separate plan and not clear if that chamber will have the votes to pass it. is ecb president hearted rocky -- mario draghi reiterated a key issue keeping prices down is a lack of wage growth. he sees change after pumping the economy with stimulus that has brought down unemployment and spurred consumption. be a fax of past low inflation in which it should not be persistent. as the la

global macro strategist and read more bloomberg stories by picking up the latest edition of bloomberg businessweekthis time? this is bloomberg. ♪ people.reat hall of the echoes back to richard nixon and henry kissinger. 1970.eve it was -- always a moment of history. the president's at erskine and criticism of previous administrations, really taking the headlines as well. many from his cabinet including the secretary of state and secretary of commerce. here's taylor riggs. taylor: sticking with beijing, president trump is accusing china of predatory trade practices. he tried to shift the blame away from president xi jinping. u.s. trade deficit with china is the fault of prior u.s. and ministrations. china is willing to increase imports of energy and agricultural products. many trade deals are still tentative. in the u.s. on capitol hill, senate republicans will release their tax plan today that it will only be a concept. not beual bill will written until the senate finance committee finishes debating proposals. the senate plan would keep a number of individual tax brackets at seven. .he house plan