we will come back with byron wien of blackstone. we will be focusing on the global economy and future of europe. this is bloomberg. ♪ london, timeom mar i am mark barton. vonnie: i'm vonnie quinn. back with byron wien from blackstone. we are analyzing his list of surprises. howtalk about populism and it gave birth to a movement in the u.s. and also in europe. how has that run its course? the you see more to go with populism? byron: i thought merkel would have a tough time of it and she did. i thought she would lose, but she didn't. she's having trouble forming a coalition. wasbig 2018 surprise jeremy corbyn becomes the next feminis prime minister. i don't think people have factor thaed that in. britain was growing at 2% before the brexit vote. its growing at 1% now. the u.k. is hurting. confirmation from your counterpart overseas on that. that people are unhappy and they want change an jeremy corbyn represents change. we have aps on the bloomberg today about outlook for brexit in 2018. we talk about various scenarios. among them is

>> sticking with it. >> byron wien, we hope to see you before next year >> okay. available any time you want. >> you got it. >> i think so that, byron. >> thanks. >>> coming up, her ceo's steven schwartz talks media deals and the changing landscape and the role tech will play in the industry in 2018 as we head to break, here's a look at european markets at this hour "squawk box" will be right bk.ac >>> welcome back hearst is out with the state of the company letter this week joining us with a look at the company's business and hearst role in the shifting media landscape is steve chwartz the president and ceo. thanks for being here today. >> thanks for having me. you have a lot of interesting things that are happening not only in your industry, but with your assets as well. let's talk about some of them. let's maybe start out with disney and everything that's happened it's a big deal, and it's going to matter this acquisition that they have in the twebt first century fox because it impacts the television stations that you own, the abc stations, and it impacts a lot

even democrat byron wien, he said, had a piece out today, in fact he sees this rally continuing the next year-and-a-half. >> i think that could be the case. it is certainly, i love the fact that president trump ascribes to hyperbole is the best thing ever. reality the approach to fiscal policy really does bush, added something to already great market. we have low inflation. we have low interest rates. we have growth around the world, but reality of the situation is if we didn't have that optimism, we didn't have consumer spending, didn't have all the things coming from the additional boost that we're getting from trump's fiscal policy, we wouldn't be in the position that we're in. david: jack, the bottom line, we have a president who is a businessman. we have a president whose cabinet is filled with businessmen, like wilbur ross, like linda mcmahon. hillary is cut basically from the same cloth as president obama in terms of having suspicion about business rather than celebrating it. >> let me tell you what my favorite number. you can decide how much credit trump gets. he gets some. my fa

it's very good for berkshire and even better for me >> blackstone's byron wien says there's one areamarket that looks overvalued right now. find out at trading nation".cnbc.com more "squawk on the street" coming up. >>> harassment in the workplace remains front and center it was the central theme of the golden globes on sunday highlighted by oprah's speech as well as buzz about that potential presidential run joining thus morning, tina brown is the founder of women in the world, former editor-in-chief of "vanity fair" and the author of the new book "the "vanity fair" die roys." good to see you. what a week for women. >> it keeps going, doesn't it? had explosion. >> is this week a turn or not? >> i think it's really cutting through. you know, we're seeing a sustained initiative really which is not being dropped this is not turning out to be a flash in the pan it is being truly taken out by the women in entertainment who have a big voice in our culture clearly. >> hollywood reporter had sticks of the top 200 movies last year, the percentage of male directors, producers, it's 80%, 90%.