>> to bloomberg businessweek, i'm oliver renick. at 66, $1 billion question surrounding industrial giant monsanto. ahead on it had -- bloomberg. ♪ >> we are here with the editor-in-chief of bloomberg businessweek, megan murphy. he does look at oil and a discussion of peak oil center than we thought. >> we converted this part of peak oil. it was focused on peak oil supply and what this talks about is that while the man speaking a oil demandshan -- peaking a lot sooner. there has been pushed back on missions and cleaning up the environment. that has led to a quicker slowdown in the demand for oil. that is really pressing on the demand side of that equation. when you think about potential peak demand for oil, there is a lot of cataclysmic things that you can come up with. so many of the world's biggest powers rely on that as a source of their biggest income them -- as one of the biggest sources of income. they are trying to reinvent deal with whato is going to be the decline of oil which has always been predicted but does not this rapi

businessweek."liver: we are inside the magazine's headquarters in new york. carol: what may be the most powerful media company you never heard of? oliver: plus the new face of bond giant pimco plans to do less talking and more investing. carol: not giving up on globalization. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with bloomberg businessweek editor in chief megan murphy. let's talk about the business theion, looking at some of effects happening between qutar -- looking at some of the effect happening between caps on -- qatar and its arab neighbors. megan: a continuing fallout that keeps unfolding in the middle east between qatar and some of its neighbors. this is what has happened with bahrain, saudi arabia, the uae they are accusing them of , harboring islamists and not cracking down on terror. it has been a long-running incident between them, and it has no really included in terms of imposing bans. -- is now imploding in terms of imposing bans. one of the biggest

>> welcome to bloomberg businessweek. summer of success, despite the odds. >> the series hijacking of a million-dollar tanker. ahead onf that, bloomberg businessweek. ♪ >> we are here with the editor and chief of bloomberg businessweek, megan. megan: they make a large variety of down feather clothing. this is the largest manufacturer in china of outdoor apparel. puffy coats. this is a brand that they want to stay global. --y were hitting on a way these codes are very popular. pular.ts are very po that you would forward,ld take it access to cheap manufacturing, they have struggled to capitalize that in globalizing its business. what it epitomizes is the struggle that some a chinese companies have. they have cheaper costs, access to markets in asia and the u.s. it doesn't have the cachet of some western brands. they can't get over the line of mass-market appeal. oliver: let's talk about another asian company. it is a little further south and east. samsung, a south korean company. thatf the different things should have hinde

businessweek." oliver: we are inside the magazine's headquarters in new york. carol: what may be the most powerful media company you never heard of? oliver: the new face of pimco pleasant bess plans to do less talking and more investing. carol: not giving up on globalization. oliver: all that had on "bloomberg businessweek." ♪ oliver: we are here with editor in chief megan murphy. let's talk about the business section, looking at the effects happening between qutar and its arab neighbors. that: a continuing fallout keeps unfolding in the middle east between qatar and some of its neighbors. they are accusing them of harboring islamists and not cracking down on terror. it has been a long-running implodingnd it is now in terms of imposing bans. one of the biggest businesses affected his qatar airways. oliver: a company doing very well. megan: a favorite of luxury travelers in particular. whether it is emirates or qatar airways, they have clotted for out of nothing over the past two and three decades. m

carol: welcome to "bloomberg businessweek." we have profiled the most prolific innovators and innovations around the world. oliver: including tencent's global ambitions. carol: and the future according to elon musk. oliver: all that and more on "bloomberg businessweek." ♪ carol: we're with the editor in chief of "bloomberg businessweek" all about global technology. why now do this? megan: technology has always been a franchise that "bloomberg businessweek." it is something we have distinguished ourselves on. we pride ourselves on the covers, the stories we are able to tell. we really wanted to keep global tech as a franchise and even make it more global than it already was. what you see in this issue are two themes. one is here are some of the companies in developments and entrepreneurs that are changing the world, like tencent. and also, the future is closer than you think. whether that is fish skin being used to treat wounds or the race for space, things we thought were science fiction almost are not so much. we wanted to bri

businessweek." ♪ carol: we are with the editor-in-chief of "bloomberg businessweek." in the business section you take a look of a chinese company. >> a large variety of further clothing. -- feather clothing. manufacturer in china of this kind of apparel. it epitomizes so much of chinese struggle, this is a brand that they wanted to take global, these codes are very popular now -- coats are very popular now. people are seizing on this. this is a brand that you would think would be a hot item, fashion forward, manufacturing. it has struggled to capture that and globalized the business. what epitomizes is the struggle but so many chinese companies have where they have access to markets in asia and the u.s. but does not have the cache of western brands and 10 i did a line of mass-market appeal. -- cannot get over the line of mass-market appeal. oliver: let's talk about another asian company which is forever sotheby's. let's talk about samsung, the korean company. although be different things that should

this is bloomberg businessweek. ♪ ♪ oliver: welcome back to "bloomberg businessweek."an catch is that business week.com. -- is leading to a bit of a rebirth in brussels. >> they are really two big reasons why brussels is suddenly back. one is brexit that fundamentally rather encouraging people to leave actually persuaded a lot of people to stay. the european union may have its faults, but god knows it is better than what is happening to the british. the second thing which is very important with the arrival of our annual macron -- emmanuel macron. m france reforms, maybe rs. merkel will be more climate. to some extent brussels seemed dead 18 months ago and now seems strangely alive. the elements of life are partly marcon, partly brexit. brexit shows how much more power there is left in it. the british are not running into the process of having pontificated and said the stuff about no deal is better than a bad deal. they now have arrived to negotiate in brussels. i was there when they came. they have just encountered what monty python recall the bleeding obvious. the rul

that ahead on bloomberg businessweek. >> we are here with the editor-in-chief of bloomberg businessweek. artificial skin, using his skin. >> yes, this skin is rich in materials that are very helpful in healing wounds for people who forget about the people who are appointed with persistent wound care. whether you have diabetes or a burn. they really have developed a this market with their skin. this can be used and it is testing better. i didn't know that another product being used is pig intestines. what we want to show is that the future is here. andre adopting products adopting things that we never thought was possible. it really goes into something you probably have never heard of and you should probably know. hundreds of millions of people supper from wounds around the world. this could be a breakthrough. oliver: this harkens back to material science. it is a very specific sort of technological advance. there is a lot of interesting development happening. these ones asose being the most interesting were most compelling in terms of showing where technology has gone? >> i think we alw

this is bloomberg businessweek. ♪ ♪ >> welcome back to bloomberg businessweek.ten to us on sirius xm. oliver: you can also listen to us on the radio plus at and asia. section, jeffs sessions may not be involved in the russian investigation but he has been being himself busy trying to roll back a lot of obama era policies. >> it has been business as usual. times been using this where everybody is focused on the russian investigation to remake the justice department and move them in a direction that he wants them to move toward which is a focus on violent crime and a large part of this has been stripping back a lot of obama era initiatives and legal legacy. thealk to me about specifics of what he has been undoing in terms of the obama legacy. >> he has been rolling back charging policies, they have taken a softer approach to nonviolent drug offenders and ordering all prosecutors to penalty inharshest cases that they bring, this is a counter to the way prosecutions have been handled over time. he also has been taking a harder these settlements that we entered into

carol: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek."ver: you can also find us online at this this week.com. carol: and our cap. -- and our app. in the politics section once , friends but now frenemies, the complicated relationship with turkey and germany. oliver: here is editor jillian goodman. carol: turkey and germany have had long and deep ties. how long and how deep? jillian: trade between the two is upwards of $36 billion a year. this relationship goes way back to the 1960's when a lot of turks moved to germany to fulfill worker shortages. now there have been tensions for about a year and a half that in the last week sort of spilled over, over human rights mostly. carol: let's talk about the relationship. i had no idea how deep this was. a lot of german companies operating in turkey, a lot of workers, there is flow back and forth between the countries? jillian: correct. deutsche bank, some of the biggest companies in the world have huge presences. german companies have a huge presence in turkey. germans, for a long time made up , t

this is "bloomberg businessweek." ♪ oliver: welcome back to "bloomberg businessweek." oliver renick. carol: i'm carol massar. you can listen to us on the radio on sirius xm radio, a.m. 300 in boston, 91 fm in boston -- in washington, d c. oliver: in asia on the bloomberg radio plus that -- app. carol: jeff sessions may not be involved in the russian investigation. oliver: he has been keeping himself busy trying to roll back obama era policies. for the attorney general, it's been business as usual. thiss been able to use time when everybody is focused on the russian investigation to really kind of remake the justice department's and move them in the direction that he wants them to move towards, which is a focus on violent crime and a large part of this has been stripping back a lot of obama era initiatives and legal legacy. talking about the specifics of what he has been a doing, in terms of the obama legacy. >> he's been rolling back charging policies that have taken a softer approach to nonviolent drug offenders and essentially ordering all prosecutors to charge the h

carol: this is "bloomberg businessweek." ♪ ♪ oliver: welcome back to "bloomberg businessweek."u can listen to us on 119, 1330 ands xm 960 inm in boston, am the bay area. oliver: in asia on the bloomberg radio plus app. wall street's top bosses have pledged to bring diversity to the workplace. carol: the opposite is happening. jordan, tell me in terms of diversity on wall street, what is the backdrop? they have been working to have a more diverse workforce. men, women, minorities. what is going on? things are not looking good at some of the biggest banks in the u.s. when it comes to diversity. i tried to write about this a couple of years ago. i might have even talked to you about it. our editor and i have this idea about writing a feature story about racial diversity on wall street, or the lack of it. we never really ended up finding the perfect story. i ended up with five main characters. it is hard to tell such a complicated narrative through one person. we put it on hold for a while. a couple of weeks ago robert said, can you go update those racial diversity numbers elected

carol: this is "bloomberg businessweek." ♪ ♪ carol: welcome back to "bloomberg businessweek." is working on making itself over. oliver: it is betting its destiny on 5g destiny gear. >> they can't dominate the mobile phone market for about 10-15 years. they were basically the top of the market, beating up motorola and folks like that before falling pretty precipitously off the cliff. oliver: and that country is finland? >> right. [laughter] oliver: what are they doing right now? they used to be so ubiquitous. when i saw the story i thought nokia, title that was a perfect title. >> they are pretty much out of the consumer market. their clients basically are verizon, deutsche telekom. providers.obile -- they sell them kin dof hardware, the cell towers and software that runs them. carol: they sold her handset business to microsoft. >> a couple of years the handset is this was doing terribly. they got out of it by selling to microsoft. carol: what happened from being ubiquitous, owning the mobile phone market, then all of a sudden not? >> the iphone happened. it happened to a lot o

coming up, our spotlight on magazines, claire suddath from "bloomberg businessweek" on the gender wage gap and how companies are working to close it. later on, we are taking your phone calls on open phones. stay tuned. ♪ >> next week during the july 4 recess in primetime on c-span, monday at 8:00 p.m. eastern, author david horwitz. all, communism, socialism, and the social justice movement are all models on christianity. they look on the world as a fall in place, although they never use that, words that way. it is a place of injustice. >> tuesday at 8:00 p.m. eastern, andbate on technology privacy and whether tech companies should be required to disclose customer data. >> some suggest we should build to allow law order enforcement access to data. the problem with that, we cannot build a backdoor that is only for the u.s. government, good guys. if you build it for them, it is potentially for everyone. >> wednesday, arizona supreme court justice clint bolin. nt bolick.l ick: the most important decision the president will make us who to appoint to the supreme court. >> been hillary clinto

that ahead on bloomberg businessweek. >> we are here with the editor-in-chief of bloomberg businessweek

emily: i want to ask you about a story you have in bloomberg businessweek.e news coming out of washington residents have rebuking his attorney general in an interview with the "new york times." the scoop that bob mueller's investigation is moving to cover president trump's business. trump is taking silicon valley's butt. how so? max: there was a meme in february that silicon valley is going to be this key source of protest. what happened last week while no one was paying attention, the trump administration kill this international entrepreneur rule. it was a modest bit of immigration reform that would have allowed an onto party were to stay in the u.s. visa free, something that people in the valley have been pushing for since 2009. it is one of these inoffensive measures, noncontroversial, had bipartisan support. barely a whimper, it was killed. it is possible that the silicon valley was able to move somewhere on immigration reform, but right now, it seems like a lot of these efforts that they have put forward, there is a new thing for mark pincus and reid ho

businessweek. all, samsung is great. they collaborated on the story, brought us in. we probably talked to six or seven senior executives. we got a look at the new chip facility, which i would love to tell you about. it is poised to be most profitable company in the world, overtaking apple. we will see when apple reports. and the largest semiconductor maker in the world, overtaking intel. with this sort of crisis around the company, its chairman on trial for corruption, the note 7 debacle last year, they are executing well. emily: we had a question if they would ever be able to recover. here now today, talk to us about the trial and how that's impacting the company. brad: it's a consortium of 60 to 70 public and private companies. there is a founding family that hovers above it all, the coordinating group that has been disbanded. the leaders have been charismatic figureheads dipping into make major decisions, acquisitions, major investments. in south korea, this is a political situation, to turn the

businessweek" all about global technology.

all that had right here on "bloomberg businessweek." ♪ carol: clear with the editor in chief.

all that is ahead on "bloomberg businessweek." ♪ carol: duty with megan murphy.tion, you look at

. ♪ carol: welcome to bloomberg businessweek. the most prolific innovators and innovations around the world. oliver: including tencent's global ambitions. carol: and the future according to elon musk. oliver: all that and more on "bloomberg businessweek." ♪ carol: we're with the editor in chief

. ♪ >> to bloomberg businessweek, i'm oliver renick.uestion surrounding industrial giant monsanto. ahead on it had -- bloomberg. ♪ >> we are here with the editor-in-chief of bloomberg businessweek,

. ♪ ♪qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq >> welcome to bloomberg businessweek.the innovators around the world. including little ambition. >> and the future according to elon musk. >> all of that and much more on this week. -- this episode of bloomberg businessweek. ♪ >>

. ♪ carol: welcome to "bloomberg businessweek."side the magazine's headquarters in new york. carol: what may be the most powerful media company you never heard of? oliver: the new face of pimco pleasant bess plans to do less talking and more investing. carol: not giving up on globalization. oliver: all that had on "bloomberg businessweek." ♪ oliver: we are here wit

ofid: thanks to peter coy bloomberg businessweek.o want to miss our coverage of janet yellen's testimony on capitol hill tomorrow at 10:00 a.m. eastern time -- do not want to miss our coverage of janet yellen's testimony on capitol hill tomorrow at 10:00 a.m. eastern time. life from new york and from washington, this is bloomberg. ♪ david: this is "bloomberg markets: the trump economy ." let's begin with the first word news with mark crumpton. donald trump, jr.'s response to the report of him receiving damaging information on hillary clinton was "i love it." this according to emailed the new york times says it obtained. the emails were said to him prior to the meeting with, connected lawyer. meantime, the president is being sued for blocking users critical of him on twitter. the lawsuit filed in new york says the president's account is a public forum and is against the first amendment to block people from seeing it. the suit was brought by the first amendment institute, and affiliated with columbia university. secretary of state rex

. ♪ carol: welcome to "bloomberg businessweek."de the magazine's headquarters in new york. carol: what may be the most powerful media company you never heard of? oliver: the new face of pimco plans to do less talking and more investing. carol: not giving up on globalization. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with editor in chief megan murphy. let's talk about the business

kevin: bloomberg businessweek's top editor kevin murphy, that's for coming on.w in a phillies fan. you can read more about this and other political businesses in the revamped bloomberg businessweek magazine, it is awesome. julia: as we were talking about and the changes we have same announced, sean spicer stepping down anthony scaramucci taking over. you are looking at a live shot of the white house press briefing room. we are counting down, another 20 minutes to go until we get that press briefing from sarah huckabee sanders. we assume discussing the prospect of a new boss. kevin: coming up, how are democrats reacting? i spoke with one of the key senators, oregon democrat ron wyden. this is bloomberg. ♪ julia: this is "bloomberg markets: the trump economy." i'm julia chatterley. kevin: i'm kevin cirilli. s&p earnings begin in earnest and financials were big part of the news. let's get a check with taylor riggs. taylor: there's been a lot of attention on the five banks and reported earlier this week. let's take a look at regional banks, capital one of over 8%, o

all that ahead right here on "bloomberg businessweek." ♪

we will bring you a bloomberg businessweek report.is bloomberg. ♪ alisa: i'm a alisa parenti in washington. you are watching "bloomberg technology." that's a start with a check of your first word news. the epa has been saved from proposed m

." ♪ carol: welcome to "bloomberg businessweek." i'm carol massar.a fishy way to grow new skin. rennick.nd i'm oliver activists try to protect germany's elections. all that had right here on "bloomberg businessweek." ♪ carol: we are with the editor-in-chief, and you look at one of my favorite stories. artificial skin using fish skin.

megan: a conversation with tom barrack on this bloomberg businessweek debriefed. just cut to the chase from your perspective. is there a method to the madness we are seeing in washington right now? tom: no. [laughter] >> you can all go home now. tom: is there a method? first of all, the first year of any administration -- if you look what happened to president reagan, president clinton, president obama, just finding the electrical outlets are difficult. this president coming from business -- the campaign, transition, governing. governing is complicated. all of you have a p&l and a balance sheet. in my doing an ok job? we have metrics. washington, the mantra is lay claim to victory after it is won. great politicians say i'm not setting the agenda. the agenda is established by 660,000 bureaucrats. that calibration of that agenda will find its own level. if you want to be a great politician, claim victory after it's already won. no one knows who is responsible and not responsible. this president who, by the way, is not in the best situation he has ever had. if you lo

joshua green, senior national correspondent for bloomberg businessweek. he is author of the new book , which we're going to spend the hour talking about today, "devil's bargain: steve bannon, donald trump, and the storming of the presidency." welcomome to democracy now! it is great to have you with us. a lot happened yesterday on a number of fronts. yes, president trump continue to his attack on his attorney general jeffff sessions and in e narrowest of votes, the senate voted to move ahead in repealing and, i don't know, possibly replacing obamacare. 50-50, two senators, both women, joining republican senators, joining the democrats voting , butst opening debatate ultimately, vice president pence broke the tie and they are moving forward today. the significance of all of this? >>>> it is significant they movd forward -- and commerce, and is called a motion to proceed. this is just to begin the debate. there was real fear in the white house and among republicans they would not get that far. this is the states that health care might die on. came saw, john

joining me now, megan murphy, the editor of "bloomberg businessweek."nd from washington, mike allen, the cofounder of axios. and yoni appelbaum, the senior editor for politics at "the atlantic." it has been a heck of a week. i heard the president before he left for france was frustrated and lashing out over the fact the russia story will not go away. i have heard it suggested by some he saw this story involving his son as perhaps the worst development and worst day of his presidency. we have new developments. more new developments today. we have heard the president has hired a new criminal attorney, ty cobb. megan: they have been looking for someone to come in for some time now to be the enforcer on this probe, figure out how they will react in terms of rapid response, as well as making sure people adhere to a similar storyline going forward. you are right in the sense that it cuts the issues surrounding his presidency as he goes away again. it intensifies. it is getting worse. drip, call it drip, dread. we are almost at flood, flood at this point. you

you can read the profile of lloyd blankfein in the latest edition of bloomberg businessweek. we want to get you to bloomberg first word news with mark crumpton. of a adam schiff, the top crowd on the house intelligence committee, says new information on donald trump jr.'s meeting last summer with a russian lawyer "ads another deeply disturbing fact about this secret meeting." congressman schiff says the shifting explanations about the ofting "paint a portrait constant -- consistent dissembling and deceit." a russian lobbyist now says he was also in attendance. of donald trump challenge the that he didllenging not receive the information he was promised. the lawyer brought a dossier of documents that detailed "what she believed was the flow of illicit funds to the democratic national committee. " president donald trump plans to put veteran lawyer ty cobb in charge of overseeing the washington's legal and media response to russian meddling in the 2016 campaign. according to people familiar with the decision, he is intended to be the enforcer of discipline, a public spoke depart

she's the editor of bloomberg businessweek, and from washington, mike allen, the co-founder of axios and the axios am newsletter. and yoni applebaum, senior editor for politics at the atlantic. wow, it's been a heck of a week. megan, i've heard the president before he left for translashing out deeply frustrated over the fact that the russia story won't go away. i've heard suggested by some that he saw the, this story involving his son don, jr. as perhaps the worst development, the worst day of his presidency. so we have new developments. more new developments today. and we've heard the president has hired a new criminal attorney, ty cobb. >> yes. they've been looking for someone to comment to be the enforcer on this probe, to get more discipline on it, figure out how they're going to react to it in terms of rapid response and making sure people adhere to a singular story line going forward. but you're right in the sense it cuts the entire issue surrounding his presidency as he goes away again. and yet it intensifies. people call it drip drip dread. almost flood flood flood at this po