♪ carol: welcome to "bloomberg businessweek". i am carol massar. am oliver renick.nother disappointing sign in a disputed south china sea. oliver: all that is ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief macon murphy of business week. 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. 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. bys he's does show that 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. let's talk about transparency as it applies to our president-elect. megan: good luck. be in: donald trump will washington, d.c., and you look at the conflict. is in a

tara: welcome to "bloomberg businessweek." i'm carol massar. in this special year-end w issue, poland offers donald trump a blueprint for how not to drain the so-called swap. -- the so-called swap. and wikipedia wants to become the gold standard for diversity in the workplace. oliver: all of that is ahead for "bloomberg businessweek." carol: we are here with the editor-in-chief megan murphy. megan, in the opening remarks, you had to take a look at technology. if you think about the yahoo! hacks and the samsung phones, not such great stories but overall it was not of that here. -- it was not that bad of a year. megan: besides those two. it will be one of the seminal pieces. it makes the point we could talk about the samsung phone catching on fire, hacks or some of the companies that didn't have a great 2016 but the point is underneath that we have seen things like uber make real advancements in self driving cars. we have seen sort of technology and computers ability to read speech advance at very accelerated levels. but what it does set up is, u

oliver: that is next on "bloomberg businessweek". ♪ oliver: welcome to "bloomberg businessweek."ver renick. carol: and i'm carol massar. oliver: if you ever bought our work on a cruise ship, prepare to get sees it -- prepare to get seasick. carol: and tainted seafood. what's behind it and what is being done about it? ♪ oliver: another must-read. the cover story titled "bad scrap." shrimp. it caught me by surprise. what was the first thing that pops out at you? >> the first thing that pop down is the context we are talking about is china and where we are going in the global economy. just the chain it goes through and what islems getting into the food supply. theells a tale of regulatory environment that leaves a lot to be desired. carol: here we have the u.s. regulators putting sanctions on chinese shrimp and they found ways to get around it. i don't know if you would call them loopholes, but the way they have evaded scrutiny. the very fact of wanting to get having a robust environment. the contrary effect is that it seeks in and you don't know what is happening of where these thi

carol: welcome to "bloomberg businessweek." i'm carol massar. oliver: we will talk about what the future holds for those just starting out. we are talking about a how to build your nest egg. businessng your persona. carol: all that ahead on businessweek." ♪ carol: we are here with the editor-in-chief of bloomberg business week. good to have the issue of new money. what was the special intention? >> it's all about people starting out or starting over and how they will do with their finances and where they see opportunity and risk and how they plan and we look behind people who spam every experience of life from transgender to new couples and babies and kids. oliver: it's new as in taking new steps as well as young people? megan: it looks at what millennials are doing and people in their teens trying to get business. we have people taking their children as young as five and six a classically can learn how to improve their credit rating. oliver: you have one story that's youngish ceos. megan: theranos is one company we talked to. it was the implosi

oliver: that is next on bloomberg businessweek. ♪ ♪ oliver: welcome to "bloomberg businessweek."renick. carol: and i'm carol massar. oliver: if you ever bought our work on a cruise ship, prepare to get seasick. carol: and tainted seafood. what's behind it and what is being done about it? ♪ oliver: another must-read. courseweeks magazine, of the cover story titled "bad shrimp." it caught me by surprise. i am just curious, when you were going through this what was the first thing that pops out at you? i mean, how big a deal is this? megan: i mean, the first thing that pops up is the context we are talking about is china and where we are going in the global economy. just the chain it goes through and the problems and what is getting into the food supply. it really presents a tale of an economy that is rapidly transforming and the regulatory environment that leaves a lot to be desired. carol: here we have the u.s. regulators putting sanctions on chinese shrimp and they found ways to get around it. and they continue to do so. >> absolutely, and it really traces through that. i don't k

carol: welcome to "bloomberg businessweek". i am carol massar. oliver: i am oliver renick. carol: ahead in this issue, why it is so difficult to keep contaminated seafood off american dinner plates. plus the long shadow that may , follow president-elect trump trade secretary from the private sector to the public sector. oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with megan murphy. you guys take a look at energy, looking at the social cost of carbon, something the obama administration had come up with. >> this story is pegged off of looking at donald trump's. cabinet and waging an sort of what they are going to do. he has put a lot of climate change skeptics in his cabinet, and we have gone back and looked at how they pegged the social cost of carbon, which was originally set at 24,000 per metric ton and has increased over time. we are tracing the development of that. what they wanted was an economic estimate of the cost of climate change to society. how you could pegged that. what people are questioning now is what can donald trump's new administrat

oliver: welcome back to bloomberg businessweek.n sirius xm channel 119, in new york,11 30 91 fm in washington dc. oliver: and in london and in asia on the bloomberg radio plus app. carol: in the special new money section, how former inmates are getting a fresh start. out to discover how released inmates are finding ways to become entrepreneurs as a way to prevent going back to prison. tell us about where your investigation led you. guest: one creative solution to finding employment with a criminal record, which is a huge challenge because of stigma and formal barriers to employment that people get when they have a some peopleord, were choosing to become their own boss and start their own businesses. and i went to hartford where there was an interesting young incubator who is training young drug dealers to transfer their skills to the market. this: talk about individual, how he came to this idea that drug makers could make a good entrepreneurs. >> he has always had his foot in multiple worlds. some -- has done some time in universit

oliver: all of that is ahead on "bloomberg businessweek." ♪ oliver: we are with businessweek editor-in-chiefegan murphy to talk about some more important issues in the magazine. must-reads. let's talk about the markets and the finance section which is about litigating in germany. megan: this is quite common across western europe and the difficulty of pushing forward and it goes into the impediment that you face and run that kind of litigation in germany. it is talking about volkswagen in terms of getting consumers and people who bought these the w cars who had she systems built in on emissions. this guy running this case and trying to generate this big class-action. one of the biggest impediments actually in germany is that the lawyers do not get a cut. so, there is no incentive for them to get this huge slice of the settlement fees. we see in the u.s., the settlement of the u.s. cake -- the vw case taking a $175 million cut. that is not to say they are profiteering, it is just that our system incentivizes consumer lawyers.ivizes the system is not the same in germany and it is not the same a

>> welcome to bloomberg businessweek. bring you the best from the magazine headquarters here in new york. we going to the conflict in alphabet. moon shot could get messy and expensive. while donald is probably the his success,about nigel farage comes in as a close second. all of letterhead ahead is on bloomberg businessweek. ♪ we are here with megan murphy. to talk about this week's issue. first off, jumping into a story that you wrote about, they storm that donald trump tweeted -- trump caused when he tweeted about taiwan? megan: this continues to reverberate is later. we had a call that ended 40 of notf the approach trying to recognize taiwan but trying to bolster taiwan. and trump shows he is not afraid or not going to be reined in. when this initially came out it seems like a pr gaffe. is actually a year-long lobbying effort. we see people close to trump advocating for him to approach taiwan. a tougher stance on china. china immediately came back and was criticized the toilet on their front pages. the respectnk about

>> welcome to "bloomberg businessweek." every week, we bring you the best of the award-winning magazine from the headquarters here in new york. we go into the conflict in alphabet. moonshot could get messy and expensive. while donald trump is probably the most excited about his surprise residential victory, nigel farage comes in as a close second. as we go into the holiday season , we will take you into a business that follows on the success of elf on the shelf. all of that ahead on "bloomberg businessweek." ♪ editorre here with the in chief to talk about this week's issue. i want to jump into a story you wrote about a storm donald trump caused when he tweeted about taiwan and china. vell us about how you don deeper. >> this tweet continues to reverberate. officially recognizing taiwan but giving the military support, etc. trump again shows he is not afraid. the most interesting thing about delving into this story is it seemed when it came out it was this amazing p.r. gaffe. this is actually a year-long lobbying effort with

bloomberg businessweek is available on newsstands now. carol: and online. what was your favorite story? undercover to become a social media influencer. we think things happen naturally, but it involves effort, money, professional photographer. the photos are priceless what about you? oliver: as much as i want to say this scooter in rome. trump and yellen, which is going to be a big story. what happens with interest rates and what is going on in the market now. more bloomberg television starts right now. ♪ ♪ coming up on "bloomberg best," the stories that shape the week in business around the world. bloomberg television is focusing on energy. we hear from the top leaders and opec ministers preaching in vienna who are reaching age other cut oil production. >> the market price as a 30% chance of a deal. we expected a deal. one of the key reasons, the economics of the deal were compelling. >> the trump transition continues to hold the world's attention appeared at the latest cabinet -- attention. the latest cabinet picks. >> our number one priority will be

oliver: all of that is ahead on "bloomberg businessweek." we are with businessweek editor-in-chief megan murphy to talk about some more important issues in the magazine. let's talk about the markets and the finance section, which is about litigating in germany. caroline: not so easy, is it? megan: not so easy. this is quite common across western europe and the difficulty of pushing forward class action lawsuits as a litigant. it goes into the impediment that you face and run that kind of litigation in germany. it is getting consumers and emissions. this guy running this case and trying to generate and form a huge class action to get more , one of the biggest impediments in germany. it is that the lawyers do not get a cut. so there is no incentive for them to get this huge slice of the settlement fees. we saw the lawyers in the u.s. get a $175 million cut. that is not to say they are profiteering. it is just that our system invested -- incentives lawyers. the system is not the same in germany and it is not the same across europe. carol: and i

oliver: "bloomberg businessweek" is available on newsstands.vision starts right now. ♪ ♪ emily: i am emily chang and this is the "best of bloomberg technology." we re-bring you all of the top interviews from this week in tech. e watchdogs center message to big tech. move faster to crack down on hates each or we will do it for you. plus, the best of the best in science that celebrity treatment in silicon valley at the fifth annual breakthrough awards. we will hear from the russian

. >> all of that is ahead for bloomberg businessweek. ♪ >> we are here with the editor in chief meganurphy. if you think about the yahoo! hacks and the samsung phones, not such great stories but overall it was not of that here. >> it will be one of the seminal pieces. it makes the point we could talk about the samsung phone catching or some of the companies that didn't have a great 2016 but the point is underneath that we have seen things like uber make real advancements in self driving cars. technology and computers ability to advance. under new presidential administration, how technology is really going to step forward and puts itself to come out of the agnostic political staff we have had. we had a responsibility of companies like facebook or other providers. is this going to be the moment where tech have to come out from the need the shadows, politically neutral stance and be forced to really come forward and make a stand. where tech have to come out from the need the>> this is the goods issue over all. >> it has been a 2016 full of surprises in many different ways across the worl

that was bloomberg businessweek editor megan murphy with j.p.e chairman and ceo jamie dimon. the full interview will be aired on bloomberg tv and featured in thursday's bloomberg businessweek good business issue. still ahead, just days after johnson & johnson walks away, shares of act telly on climbing on reports -- actually in -- actelion to be bought by another company. in a news conference from president obama around 7:15 p.m. london. this is before the president leaves through the annual family vacation in hawaii for the holidays. this is bloomberg. ♪ vonnie: this is "bloomberg markets," on vonnie quinn. nejra: from london, i'm nejra cehic. sanofi is in advanced talks to buy actelion. a deal could be announced as early as next week. joining us is manual the gory. obviously we're hearing this news after j&j walked away from actelion. is how a number of drugmakers have died actelion for years -- have eyed actelion for years. this is an appealing target. does it look like this potential deal has the material to perhaps be successful, finally? >

bloomberg businessweek's megan murphy sat down with j.p.n chase chairman and ceo jamie dimon for an exclusive interview. that will be featured in the "good business" edition of the magazine today. they talk on how automation is changing how we live and work. jamie: technology is the greatest thing that happened to mankind. we would still be hunting buffalo and living intense. agriculture helped specialization. knowledge built on top of each other, with institutions, we went from fire to wheels to steam engines, to these wonderful phones in our pockets. this is the reason that mankind is living today. i am not going to deny the problems we have. my grandfather was born, there noe no cars, no planes, health care. you got sick, you died. now it is 120 years later, and it is pretty good. there is a book called "the better age of our nature," and it examines things like people that were murdered at the hands of the people. that is coming down every century, including last century from world war i and world war ii. in spite of what you read in th

bloomberg businessweek.lso, watch tonight at 9:00. you will see it only on bloomberg television. conflict of interest? deutsche bank scrambling to restructure donald trump $300 million in debt. can they keep these two things separate? this is bloomberg. ♪ david: here's what you need to know right now. the banks weigh in. speaks out on the wave of populism and the need for fundamental tax reform. brian moynihan sees new animal spirits in the board room of his clients. we hear from the leadership of two of the nation's biggest banks. monte paschi on the brink. admitting now it is not likely to meet the deadline for raising the capital. the next step looks like government intervention. trump's new lieutenants. sendsesident-elect a strong signals about where he's heading and it doesn't look like he's backing down. peter navarro to head a new trade counsel in the trump white house. jon: i just can't keep up with these appointments. in theot is happening markets. futures are dead flat. a quiet churn in europe. eve

you can catch the full interview on bloomberg businessweek debrief.ion with jamie dimon tonight at 9:00 p.m. eastern only on bloomberg tv. scarlet: a longtime supporter on trump's twitting silo and on rex tillerson as nominee for secretary of state. this is bloomberg. ♪ ♪ joe: longtime doldrums supporter and colony capital founder leaving the donald trump inaugural committee. he spoke with bloomberg and was weets whether trump's t were too reactionary, rather thoughtful introspection. >> i can assure you one thing. this president elect does nothing based on instantaneous temperament. before he tweets or reacts, he has a group of april who have the expertise around him to advise him on the history of that statement. they can say whether he should tweet it or not. he is probably one of the most open to various points of view if you look at his choices in the cabinet. he encourages debate. i think you have a safe and competent set of hands. we are learning a different communication style. that style is transitioning from campaign to presidency. with thel

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

he and this week's issue of bloomberg businessweek. it is a good one.he folks behind the fellowship program have a new venture firm. how they plan to find the next mark zuckerberg, next. ♪ emily: it is 1:30 p.m. here in hong kong. has made itsa first comment on the new u.n. sanctions imposed after september. the news agency said pyongyang rejects the security council's exports. haidi: seoul and tokyo have announced international measures against north korea. taxes.s to waive beijing will do the same for individual the mistake investors buying chinese shares in hong kong for three years. the taxes will still be levied on institutional investors trading on hong kong stocks. short sellers against the australian formula maker are reaping their reward. stocks plunging. they said new regulations and there would hurt their resolve. others list companies that sell baby food products to china. tof and has moved closer pass a controversial bill to legalize casinos. a local house community -- their, it would move on to the upper house. betting on horses and boa is

. ♪ >> welcome to bloomberg businessweek. best from the magazine headquarters here in new york. we going to the conflict in alphabet. moon shot could get messy and expensive. while donald is probably the his success,about nigel farage comes in as a close second. all of letterhead ahead is on bloomberg businessweek. ♪

oliver: all of that is ahead for "bloomberg businessweek." here with the editor-in-chief megan murphy.

carol: all that ahead on businessweek."

our bloomberg businessweek reporter with my colleague, david wow, x1 has netflix?drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. >> and christine harvey and you're watching "bloomberg technology." starting with the french president francois a lo

. ♪ ♪ carol: welcome to "bloomberg businessweek". i am carol massar. am oliver renick.in a disputed south china sea. oliver: all that is ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief macon murphy of business week. china,

carol: welcome to "bloomberg businessweek." i'm carol massar.k about what the future holds for those just starting out. we are talking about a how to build your nest egg. by tweaking your business persona. carol: all that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor-in-chief of bloomberg business week. good to have the issue of new money. what was the special intention?

david: coming up, bloomberg businessweek's exclusive interview with jamie dimon. not want to be the next treasury secretary and what he thought of donald trump's cabinet picks. also ahead, the verizon-yahoo! deal is a rough patch, but the phone giant is not backing off its push in the media. we will look at the strategy to gain bigger market share. that is next. ♪ david: this is bloomberg. i'm david westin. now, more of that exclusive interview with jamie dimon. spoke with jamie dimon in detroit about the role of detroit -- titans in cabinet of president-elect trump. >> i think a lot of these people are going to try to the country. they are not going to try to help their former colleagues. they have deep knowledge of the hopefully will do a great job. david: for more on that exclusive interview, megan murphy is with us now. congratulations again on this interview. >> thanks. david: they are relieved that they think they will get a president who will do things for them. >> i asked jamie dimon to give obama a great letter on how he would rate the president on his re

oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with megan murphy.

megan: that's all coming up in this special "bloomberg businessweek debrief, a conversation with jamie dimon." let's talk a little bit about some recent news first. i am sure the audience is as interested as i am. there was a lot of speculation about you potentially going into the administration as treasury secretary. was that a job you were interested in? did you turn that job down? jamie: i have always been public about the fact i'm not suited to be secretary of the treasury. i love what i do. i'm not ready to do something else. i can add value to america doing what i am doing. megan: there we go. that is the answer. as recently as september, when you were talking about what you thought the next administration would be, and this was before we knew the outcome of the election, you said you thought it would be difficult for wall street guys to get confirmed and get in. now we look at the landscape we have. we have several wall street figures, some of who you know very well, including gary cohn from goldman sachs, rex tillerson, steven mnuchin, what do you think they will bring to the a

interview will be aired in full and featured in "bloomberg businessweek."ets the speak with the ecb director general of operations francesca property of -- franceco papadia. as we were listening to jamie dimon together, if you are a central banker, how do you model with what the economy could look like but could fall short of expectations. franceco: the biggest worry for me is the risk of protection from the united states. i think it is a cloud, not more than a cloud, and we do not know what it is going to do. think, fromlpful, i that point of view, so that is my top issue. the second issue is fiscal policy. fiscal policy was long invoked by central banks to help monetary policy, and now it is coming in the u.s. or probably coming to the u.s. at the wrong time, i would say, because the is doing fine in terms of unemployment. maybe even a little below that. theation is moving toward target of the fed. there is a momentum. it is not clear that now he would need that, so that is my second. francine: mario draghi, every press conference, has been asking for it

. >> all of that is ahead for "bloomberg businessweek." ♪

mark: parsifal interview on bloomberg businessweek the brief tonight at 9:00 p.m. bloomberg television. ipo's double and triple in 2018? that's according to greg becker, chief executive of sbe financial. a snowball should washington and wall street failed to cooperate. they serve 65% of u.s. venture firms and half of all vc-backed companies. that is the latest bloomberg business flash. julie: in a surprise twist to one of the biggest potential health deals with biotech company actelion, they have turned back to johnson & johnson for exclusive talks about a strategic transaction. the move is an about turn. it appears the sideline rival -- gary hopkins is joining us, bloomberg's reporter. this was indeed a surprise. it went across the other day and it was surprising because they had broken off talks. how common is this they have come. and start again. gary: it is pretty rare, especially when companies publicly said the are stepping away from talks which is what johnson & johnson did last week. to do this kind of about-face is not very common. it represents, and are r

watch the full interview on bloomberg businessweek debrief. that airs tonight at 9:00 p.m. this is "bloomberg markets." scarlet: it is time for the options insight with julie hyman. me today as mark sebastian, a managing partner at options take. he joins me from the cboe and chicago. great to see you. we have a little bit of a pullback today, it is a holiday week. one of my colleagues noticed it is the first back-to-back declines for the dow since the election. should we take anything away from this? it's the holiday. yes, the holidays. we've had a huge run-up. people are going away for the week. if i was a traitor that had a huge -- trader that had a huge position, give me a great reason to pull along for the next week rather than just enjoy my vacation. bank stocksng the getting sold off. noticeably, retail is getting smoked today. nordstrom's, macy's, a lot of the mall retailers are getting hit pretty hard. but that's another drag on the market. that being said, i would not be surprised if tomorrow we see a bunch of programs. everybody on the floor is waiting for that 20

check out our new edition of bloomberg businessweek on shelves. in the studio with more. it has been a rocky transition for the alphabet family. describe. >> over the summer, we saw this rapid departure of key executives at the units outside of google proper, the internet company. there are two issues. one is they have more pressure to show profitability, there are budget constraints they never really had before, and it is a really odd corporate structure in the sense that they are ceo's reporting up to a ceo. larry page is still very much the ceo of alphabet and the one calling the shots. emily: talk to us about the internal reception to porat. long background in investment banking. internally, though, she is referred to as ruthless ruth. guest: she has been certainly great for google. alphabet has done phenomenally well. they have beat every single quarter. they have been investing a lot in cloud, and they think there are a lot of people who are pleased with the budgeting. the company has historically been shaky with that. there are people we ta

in an extensive interview detroit, bloomberg businessweek d megan murphy sat down with about --alystsked about how he expects the regulatory policies in america to change. jaime: i go to j.p. morgan chase and i told them that if you are black, jewish or lgbt, african-american, or a woman, we will support you in that diversity like before. it will not change. in fact, i think you see the rhetoric has seemed to gone away , even the immigrant -- the rhetoric on immigration, there is now said that if you break the law, we will support you. the estimated that the 11 million undocumented, only 800,000 have broken the law. president obama deported 2.8 million people are breaking the law, so it is absolutely -- the business from has always supported immigration for that reason, a pro-jobs-pro-jobs -- a pro-jobs argument. most people in immigration, it is not necessary that they don't like immigrants, it is more that they are more afraid that the american way of life is changing. you could be multicultural but still support the american way of life. , wember abe lincoln conceived the liberty a

. >> that is all coming up in a businessweek"berg debrief. conversation with jamie dimon. newst's talk about recent first. i'm sure the audience is as interested as i am. you -- it was a lot of speculation about you going to the administration is treasury secretary. was it a job you are interested in? jamie: i have always been quiet public is about -- i have always been quite public about not be ready to be secretary of treasury. i love what i do. i can add a lot of value doing what i am doing. host: there we go. that is the answer. when i look back at what you are talking about the next administration would be before the outcome of the election, you said you thought it would be very difficult for wall street guys to get confirmed. now we look back that we have several wall street figures, some of whom you know very well. rex tillerson from exxon mobil. when you are looking at the cast of people, what you think they are going to bring to the administration that is different? what is new will bring? is this a good thing? jamie: obviously, i was dead wrong. upheaval.complete

. ♪ carol: welcome to "bloomberg businessweek." >> we will talk about what the future holds for thoseting out. how totalking about a jaun -- build your nest egg. >> we are here with the editor and chief of bloomberg busines

. >> all of that is ahead for "bloomberg businessweek." ♪ carol: we are here with the editor-in-chief

murphy, bloomberg businessweek editor-in-chief. with the jpmorgan ceo jamie dimon on the business week debrief. a conversation at 9:00 p.m. eastern tonight. this is bloomberg. ♪ tom: "bloomberg surveillance" guy johnson and tom keene. steve rhodes with us at the other day. one of his followers, ellen zentner is here with us. let's bring all the chart here. you know this, and consumption lapse within america. here was at the good time from kennedy and jfk here. a couple of slow points of recession and down we go. as dr. rocha mentioned, we have come back. the consumer is doing better but nowhere where we are. reflationate trump back with spending? if you reduce the labor market, yes, we think wages, it depends on the types of jobs. to create a lot of service sector, low-wage jobs, you continue to get the bleed up. if you move it into middle paying america, higher-paying, manufacturing and constructing and you build that, you get a much more rapid pace. is the distrust everybody have that the trump reflation, plutocrats and does not

in august, bloomberg businessweek published trump eyes the deal of a lifetime.aiser, chin, got a big payoff for his deal and was nominated treasury secretary. joining us is one of the writers of the business week profile, max abelson. what kind of guy is steven mnuchin? is he funny or stuffy? max: if you were going to write a novel about a guy who had the perfect elite career where everything went his way, it would be steven mnuchin. at yale he was the publisher of the news. he joined goldman sachs where his dad had been a partner and was beloved that everybody called him coach. and then he made partner at goldman sachs and then he ran hedge fund money for, by the way, george soros. and then he became a hollywood producer and he bought a bank with a bunch of billionaires and sold that and now he is going to be apparently the next secretary of the treasury. mark: is he ideological in any way? max: i think the question about what steve mnuchin believes in is something nobody knows. i think, the thing that people associate with him and what is so astounding, he was

that is all coming up on the special bloomberg businessweek debrief. a conversation with jamie dimon. the stock about recent news. the audience is as interested as i am. speculationlot of about you going into the administration as treasury secretary. wouldn't you turn that job down >> i love what i do. i'm not ready to do something else. i give a lot of value to america . when i look back at what you are talking about what the next administration would be, you said you thought it would be very difficult to get confirmed? now we have several wall street figures, some of whom you know very well. when you are looking at the cast of people, what do you think they are going to bring? >> obviously i was dead wrong. tepublicans are in charge. the democrats have largely been antibusiness for years. i think it is a mistake for the american public to casa libby told if you work for a bank, you work for this, that automatically makes you back. these are very qualified people. these are people who will hopefully do a great job. atyou think when you look that sort