carol: i am carol massar. you can listen to us on radio.: and in london and asia on the bloomberg radio plus app. opening the magazine, we have remarks from the editor and chief emeritus of bloomberg, who started bloomberg news. he was in london back in the 1980's. carol: great historical perspective from him. he was there when margaret thatcher was helping to make london they financial epicenter that it is today. jason: he says that brexit is poised to undo all of that. here's what he had to say. >> london before the big bang, which was the deregulation of very old, distinguished and antiquated financial system, was sort of from hunger. that is how i would describe it. hunger in the sense that everything was poor, hidebound, lacking vitality, dark. london seemed darker. and what big bang did more than anything else was open the country to everybody in the world. that's really what it did. by opening itself to everybody in the world, it not only transformed the financial system, but everything in london. carol: there is something you wrote.

carol: i am carol massar.isten to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c. and am 960 in the bay area. jason: in london on dab mux 3 and in asia on the bloomberg radio plus app. we turn to the politics section and a cornerstone of president's immigration policy is the idea that so many undocumented folks are criminals. carol: exactly, and we aren't sure the data is out there to support that. jason: it is getting even harder to figure out what that data says. carol: we did some digging through reporting. >> they were hammering home the point that so-called sanctuary cities like new york don't honor these notices called detainers to hold onto people they have in custody already so ice can pick them up. they are basically saying they ignored 440 of these detainers from us and release these people. some of whom are criminals that get picked up right away again. they are endangering their own communities unnecessarily by having this political sta

carol: and i'm carol massar.lso find us on radio on sirius xm channel 119 and in new york, boston, washington, d.c., and in the bay area. jason: and in london, and in asia on the bloomberg radio plus app. in the business section this week, this is a brand not many people outside of china has heard of, a big hit for gm. sales have increased tenfold since 2013. carol: which is pretty dramat rose. it is all due to an increasing middle class in china. jason: here is david welch with more. >> we have a rapidly growing brand. they make small cars and make seven passenger npb's which is like a minivan over there. and it has grown 10 x since 2013. it is up to about one million units per year. that is the good news. the bad news is buick has kind of stalled out. and that is really their big brand. so has chevrolet. the brands that are growing our one brand and our cadillac on the top of the market, getting nice growth. in china right now, that center part of the market where buick competes against brands like volkswagen a

carol: what about the u.s.ions that would punish anybody doing business with russia in terms of buying any kind of defense systems? shouldn't that have an impact? why is it not? henry: clearly, it is a concern. the language of the sanctions bill was that there would be reprisals against any significant transactions with the russian defense sector. it's a question of how you define that. it's interesting that countries up thesehing possibilities on both sides and are willing to go for something that potential he could have negative consequences for them. jason: in the economic section, not a lot of happy news on that front, except for spain where there's 3% growth. carol: that is pretty impressive considering that it shrank from 2013. jason: we asked what they are doing right. >> the economy has fully recovered above the level that it was at before the crisis. in italy, the recovery smart paper. the economy output has not recovered to precrisis levels. one of the things that was different, spain did labor reform

carol: this is bloomberg businessweek. carol: welcome back to bloomberg businessweek. carol master. jason jason and i'm jason. you can find us online. in the politics section, we tak a look at russia's a defense system. . inon: it's never been tested combat. it has never been fired in any sort of how but has provoked skirmishes from eastern europe to the indian ocean. . carol: we have more from henry. henry: my story focuses on the the s400, a missile defense system that is increasingly popular in the world. russia is in talks with a number of countries that would be seen esther traditional u.s. markets, saudi arabia, qatar, and it has signed an agreement with turkey. this is a major concern for the united states. that's why i am focusing specifically on this weapon. obviously, there's wider competition in the arms market. but this weapon is interesting because it has a geopolitical dimension as well as a purely commercial one. jason: physically, what does the system do? what does a purchaser a country look to do with it once they have it? henry: it protects up to 50 kilometers. it

carol: i love this story. man that is similar to president trump in many ways, and you would have thought that working together would have been a lot of fun, but maybe not. >> in 2015, just as trump was starting his presidential bid, he was still doing business with billionaires around the globe. one of them was this indonesian partner of his. he decided to do two developments with trump. branded hotels and a, one south of jakarta, and another in bali, overlooking an agent hindu temple -- ancient hindu temple. both of those developments paid trump as much as $10.5 million between 2015-2017 according to trumps financial disclosures. withhe signed this a deal trump he thought he was signing a deal with just trump the is this man -- the businessman. that situation has changed since then and complicated situation in indonesia. carol: let's talk about those complications, because you are right, now it is president trump. talk about the complications that exist for him now. in a 2016 he brought couple of chinese sta

carol: exactly.cinating story. >> through the process, jane walked into what she thought was just a meeting with her boss one day and there was an hr rep there. three got three choices. number one, leave and take severance. number two, go on a performance improvement plan which especially at amazon is it legendary kiss of death. and number three, engage in this kind of jury of your peers style thunderdome where she and her manager would each express their point of view and then after oral arguments and written statements, the other amazon workers would vote on what happens. >> how does that work? >> the selection assets is like a conventional jury selection process in a court of law where she is advocating for herself, but has the option to dismiss certain panelists who she is worried will be less than -- the other choose your own adventure of component piece of that is that she was able to choose from basically a panel of three non-managers or one manager to hear the case. >> her boss made a present

carol massar spoke to a reporter.arol: toys "r" us was really one of the first of the big box stores. it started in the late 1950's but came into its own in the 1970's and 1980's. started by charles lazarus, who had a simple idea. a lot of people were coming home from world war ii, he served. they were starting families and were going to have kids and they wanted homes and wanted to fill those homes with lots of things, including toys. so let's sell toys to kids. because he was among the first and he was able to spread nationwide, he was the first category killer, meaning a lot of the small neighborhood toy stores went out of business because of toys "r" us. carol: 1994, mr. lazarus steps down. why? susan: the company was that a peak. i don't know if he recognized that at the time, but he had worked really hard. he was still involved for a couple of years but like a lot of people, he decided it might be time to take it easy, let the next successors try. whether or not he knew in the back of his head that walmart was e

carol: i am carol massar. turning to delivery.: banks are setting their sights on the ultrarich. carol: we will talk about one of our features that has to with this little pink pill. jason: it went away and now it is back. this is the libido pill. this is a little pink pill. carol: this is the first ever drug for female desire disorders. viagra is a treatment for the actual functionality. this is a treatment for desire. when you're not into it, it is a tricky concept. is condition of this trade hypo hypol desire -- sexual desire disorder. this refers to months of low libido. this is a woman who had sex tried and for some reason, it has gone away. the patients i have spoken to are very clear on this idea that they knew they had this appetite previously and now it is gone. they have no interest. it is very distressing for these women because it can impact relationships. >> to some extent, the controversy around this drug stthou it back at the -- the very definitional level. is that right? you have who question what you just said. th

carol: meaning what? usan: there was a lot of debt, and toys "r" us obviously had to pay off at least the interest on that every year. in the good years, it was maybe a manageable amount, but there were not many good years. carol: where are we today? we know they have filed for bankruptcy. this company is done. susan: it is, in the u.s., it is done. they have an overseas division, some of those were sold to asian business. -- sold, the asian business will probably be sold. toys "r" us will exist outside the u.s., but in the country that made it what it is, they are liquidating everything down to the chairs in their headquarters in new jersey. taylor: we're here with the creative director of the magazine. chris, walk us through the making of the cover. it was toys "r" us this week. a lot going on. chris: yeah, it was a great story to work with and we had visuals. toys, and we chose something people would recognize quickly. their mascot, geoffrey the giraffe and had him bawling on the cover. jason: how chal

carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly.e here at bloomberg headquarters in new york. carol: in this week's issue, general motors signing a winning strategy in china. jason: that's right. i don't think many people have heard of it outside of china. carol: exactly. jason: first, we get to a really interesting story about a deal that died.

jennifer carole says they are the fiercest females she's ever met.now them for the first time here. . at this sacramentocounty courthouse where the suspect they say ripped apart their lives and stole their loved ones.. is finally facing a judge."i wish he could see how amazing they are."but 72-year-old joseph deangelo. . the former cop authorities say brutally murdered carole's parents and at least 12 others almost four decadesago. . stood silently in that courtroom cage. carole. . and about a half a dozen he's accused of raping. . sat right behind him. . studying his every move and state of mind."i want him worrying about his bunkmates, the guy walking up behind him who's in the shower with him. i want him worrying all the time."but attorneys say a trial may still be years away. for now. . carole is banding together with the women from court.they're meeting again here at a book reading for "i'll be gone in the dark" . . michelle mcnamara's new york times best-sellingbook about the golden state killer. it's taking place at a citrus heights bookstore.

carol: talk about what happened in 2004 and 2005.he company looks to sell itself. >> a decide to look for investors and eventually, sell the company to two private equity firms and a real estate trust. that is kkr and for nato -- vornato. >> i assume it involved a lot of debt? >> it was the leveraged buyout era. they didn't do anything so radically different from other big deals at the time. one could -- i shouldn't say no one -- but they couldn't foresee what was to come in the next years and what would make that deal so problematic in hindsight. ande was a lot of debt, toys "r" us obviously had to pay off at least the interest on that every year. in the good years, it was maybe a manageable amount, but there were not many good years. carol: where are we today? we know they have filed for bankruptcy. this company is done. >> it is, in the u.s., it is done. they have an overseas division, some of those were sold to asian business. toys "r" us will exist outside the u.s., but in the country theymade it what it is, are liquidating ever

going to boston with carol. carol: you are invited. david: fireworks, music. i will be hosting the boston -- boston pops fireworks spectacular. carol: a great tradition. i love the audience and the boston pops. it reminds me of our history. david: you make it better. alix: people come in like monday night and stay 48 hours. david: it is also as big as the michigan-ohio state football. checkout tv . watch us online and interact with us directly. a question, we love to hear from you. this is bloomberg. ♪ ♪ david: all of the banks passed the fed stress test, all but one. deutsche bank's u.s. subsidiary failed the quantitative part of the test, with critical deficiencies across the company's planning. that does not sound very good. lison: it doesn't, but it should not be a surprise. given a lot of the stories that have been coming out over the past few weeks about regulatory scrutiny, this provides more of an explanation as to what some of those issues maybe. david: this is part of a longer term set of troubles for deutsche bank. her stock has been going down

before we go, carol kirkwood has presented brea kfast carol kirkwood has presented breakfast weatherof a number of animals. on thursday she was at the south of england show in west sussex with some little pigs. we can also see some little pigs. we can also see some tomorrow across south wales, an isolated one may be across the midlands and also east anglia. by the time we get to saturday, i am being eaten alive! by the coming to saturday, you will find it will write an up and there will be sunshine around and they are more likely to be in northern ireland and western scotland. i am being eaten alive! their bites really hurt as will. don't put this kit in your pocket is! —— biscuits. will. don't put this kit in your pocket is! -- biscuits. opinion was divided about that encounter, with carol considering it: thank you for all of your comment this week. if you want to share your opinions on current affairs or even appear on the programme, you can call us. or e—mail us. you can find us on call us. or e—mail us. you can find us on twitter. have a look at our website. that's all from us, w

. >> carol neve was pam's best friend. >> she was always happy. had a personality that just sucked you in and kept you there. >> carol met pam 22 years ago. >> we were neighbors, and we did become best friends to the tune of every day we talked. every single day. >> that was long before jim came into the picture, of course. >> good morning, baby desiree. first christmas. >> pam was a single mom. she and carol babysat for each other's kids, walked their babies together, went shopping, shared recipes, and hung out during the holidays. >> pamela was very much of family to me. >> pam was the most caring, loving, giving person you would ever meet. life was about other people. >> tina holland is another friend. she and pam met when their youngest children started attending the same school. they planned family vacations together and trips to disneyland. one year pamela bought her daughter jeanette and tina's sons costumes just for the sake of creating happy memories. her daughter was a princess. tina's sons, a pirate and peter pan. >> she wanted to make

carol: a lot of questions out

. >> carol neve was pam's best friend. >> she was always happy. a personality that just sucked you in and kept you there. >> carol met pam 22 years ago. >> we were neighbors, and we did become best friends to the tune of every day we talked. every single day. >> that was long before jim came into the picture, of course. >> good morning, baby desiree. first christmas. >> pam was a single mom. she and carol babysat for each other's kids, walked their babies together, went shopping, shared recipes, and hung out during the holidays. >> pamela was very much of family to me. >> pam was the most caring, loving, giving person you would ever meet. life was about other people. >> tina holland is another friend. she and pam met when their youngest children started attending the same school. they planned family vacations together and trips to disneyland. one year pamela bought her daughter jeanette and tina's sons costumes just for the sake of creating happy memories. her daughter was a princess. tina's sons, a pirate and peter pan. >> she wanted to make sure

carol lueck lost her home to the devastating wildfire in coffey park last fall carol lueck, coffey park "it was just devastating to lose everything like that"but today ... her property isn't completely empty ... thanks to volunteers who built her this shed to store tools and help her prepare to rebuild her home carol lueck, coffey park"they put that on here and it was like wow you know our first piece. it feels like a little bit of progress and positive and its going the right way, going forward"kingston, @mkingstonnews"over the weekend, nearly 1000 volunteers from all over the north bay joined together to build and deliver sheds to coffey park residents."valerie cox, hope city"meeting the homeowners and seeing their joy as they get these sheds- that makes it all worthwhile" volunteers met at piner high school in santa rosa on saturday ... building 100 sheds in eight hours ... with the help of hope city who provides disaster response and relief to victimsvalerie cox, hope city"and it's really about inspiring hope. it's about being that first step, that something can happen on this prope

carol lueck lost her home to the devastating wildfire in coffey park last fall carol lueck, coffey park "it was just devastating to lose everything like that"but today ... her property isn't completely empty ... thanks to volunteers who built her this shed to store tools and help her prepare to rebuild her home carol lueck, coffey park"they put that on here and it was like wow you know our first piece. it feels like a little bit of progress and positive and its going the right way, going forward"michelle kingston, @mkingstonnews"over the weekend, nearly 1000 volunteers from all over the north bay joined together to build and deliver sheds to coffey park residents."valerie cox, hope city"meeting the homeowners and seeing their joy as they get these sheds- that makes it all worthwhile" volunteers met at piner high school in santa rosa on saturday ... building 100 sheds in eight hours ... with the help of hope city who provides disaster response and relief to victimsvalerie cox, hope city"and it's really about inspiring hope. it's about being that first step, that something can happen on t

carol? >> oh, i think it's music to my ears, especially if we see it for some of the small business owners that sort of hisse misset the first time around. and i think the simplification piece was something that was missed. i love the visual of the post card. but for a lot of people they don't have that ability. if you schedule or you have a sort of a complex set of tax issues. so to have more tax cuts, to have that on a wider base, more in the middle class, small business, i think that will only further enhance the economy. melissa: jack, i weep for simplification. i mean it just makes me cry with joy, the idea that we may actually see that. it would be so -- it would be amazing. >> amazing. melissa: will you cry with me? >> i might be crying for different reasons. melissa: oh no. >> you talk about an economic miracle. now turning water into wine. i paid attention in sunday school. that's a miracle. borrowing money to provide tax cuts so you can collect the high fives today and the debt is

thanks, carol. keep carol.told the bbc a little earlier. most of those management and support functions are in derby, and therefore it will actually be most strongly felt in derby. you know, rolls royce has been around doing aircraft engines for just rolls royce has been around doing aircraft engines forjust over 100 yea rs, aircraft engines forjust over 100 yea rs , we aircraft engines forjust over 100 years, we want to be around doing similar things for the next 100 yea rs we similar things for the next 100 years we need to make ourselves competitive and fit for the future. james bevan is an analyst whojoins us now from our london newsroom. good morning to you, james. we‘re looking at the numbers this morning and by our calculations it‘s the biggest headcount reduction at rolls—royce since 2001 and that‘s important because that was after 9/11 where travel and the demand for planes fell through the floor? this isa planes fell through the floor? this is a savage set of cuts. derby will be pleased because there‘

and carol has the weather from ascot this morning.ay—to—day here at royal ascot, also ladies day. we are expecting to see a lot of high fashion. but the weather is much fresher than has been. a lot of us will see sunny spells but showers in the north—east will clear, it be blustery. keep that hat on! president donald trump has ordered an end to the separation of migrant children from their parents at the us border with mexico. his administration's policy of "zero—tolerance" towards illegal immigration led to thousands of children being detained away from their parents. but last night he signed an executive order bringing the policy to an end, as our washington correspondent gary o'donoghue reports. this stretch of the rio grande in brownsville, texas is where where —— is where many try to enter the united states. every week some drown in the attempt. those who make it face arrest and prosecution. it at centres like this that adults and children were being separated, leading to those now notorious images of children apparently housed i

jennifer carole says they are the fiercest females she's ever met.and she got to know them for the first time here. . at this sacramentocounty courthouse where the suspect they say ripped apart their lives and stole their loved ones.. is finally facing a judge."i wish he could see how amazing they are."but 72-year-old joseph deangelo. . the former cop authorities say brutally murdered carole's parents and at least 12 others almost four decadesago. . stood silently in that courtroom cage. carole. . and about a half a dozen he's accused of raping. . sat right behind him. . studying his every move and state of mind."i want him worrying about his bunkmates, the guy walking up behind him who's in the shower with him. i want him worrying all the time."but attorneys say a trial may still be years away. for now. . carole is banding together with the women from court.they're meeting again here at a book reading for "i'll be gone in the dark" . . michelle mcnamara's new york times best-sellingbook about the golden state killer. it's taking place at a citrus he

andy carol is out pricking drew brees. —— and carols. —— strawbridge. a weather affected the cherie is this year? —— strawberry. some heavy rain overnight into northern ireland, as it moves north it will weaken and we will hold on to sunshine when it brea ks will hold on to sunshine when it breaks in the south. i will have more in 15 minute. good morning. first, our main story. an inquiry into hundreds of deaths at gosport war memorial hospital will be published this morning. a previous investigation found that patients were almost routinely given drugs including morphine and diamorphine, between 1988 and 2000 — and that this may have shortened life in some cases, but no criminal charges were ever brought. 0ur health correspondent, catherine burns, reports. robert wilson, sheila gregory, geoffrey peckham, else the divine, after cunning ham, gladys richards. some went into gosport war memorial hospital to recover after falls, others had bed sores or broken bones. none came out alive. gillian mackenzie has been fighting for justice for his —— her mother g

we have sent carol out.ivestock that started the show, all together in convocation, you are seeing the best of the livestock farming community and it is a fantastic day out for everybody to enjoy and it really helps us as a charity show what agriculture is all about. starts to -- it agriculture is all about. starts to — — it starts agriculture is all about. starts to —— it starts today and everybody is excited, everybody is in their best dressed gear. including the animals. you can see some of the other cows and hear them as well. now outside, it is dry at the moment, a little bit of a shower but it is fairly cloudy. not just here bit of a shower but it is fairly cloudy. notjust here in sussex, but across many parts of the uk it is a cloudy start. however it is going to brighten up for many of us, that cloud will push back towards the north sea coastline. you can see high pressure is very much in charge, we also have a weather front thatis charge, we also have a weather front that is coming from the south an

carol lueck lost her home in the fire.nd revisits her property often, and dreams of the day she can move back in. carol lueck, coffey park"it's just devastating to lost everything like that."her property isn't completely empty though thanks to the help of a non profit organizationvalerie cox, hope city"meeting homeowners and seeing their joy, that makes it all worthwhile."michelle kingston, @mkingstonnews"over the weekend, nearly 1000 volunteers from all over the north bay joined together to build and deliver sheds to coffey park residents."carol lueck, coffey park"they put that on here and it was like wow you know our first piece. it feels like a little bit of progress and positive and its going the right way, going forward"volunteers met at piner high school in santa rosa on saturday ... building 100 sheds in eight hours ... with the help of hope city who provides disaster response and relief to victimsvalerie cox, hope city"and it's really about inspiring hope. it's about being that first step, that something can happen

. ♪ carol: welcome to "bloomberg businessweek.": we are at bloomberg headquarters in new york. carol: coming up, we have a very special issue for you. jason: we are going all around the world looking at things getting lifted. carol: a reporter is really following the money trail on some high-profile burglaries around the globe. jason: bees, art, whiskey, so much to cover.

melissa: carol, what's your take? >> this is my least favorite game, what the cartels are going to be doing. it's one of those things that make it so difficult because oil is obviously very important to the consumer and i think we are in a goldilocks' situation, we have seen the price much lower and much higher, in a good place for businesses to be able to manage it but not be so high that it will have impact on consumer and i think that's what the markets reacted today. melissa: jack, i went to many opec meetings, i covered opec forever, they are the worst run cartels, they are cheaters, it's their main source of revenue. >> ly not standby while you disparage the good name of opec. [laughter] melissa: i mean, they a lot of fun, great time on the road. >> higher oil prices spell real travel for petro, poorly-run petro economies, u.s. is going to produce more oil and invest in more pipeline and become more efficient in how we use it. this is not high enough oil price to really pinch most american consumers, most of the

carol: in the feature section, president trump nominating the accuweather c.e.o. and president trump wants him to be the undersecretary of the national weather service. it is an interesting nomination. jason: because this is the guy for 30 years plus has been fighting this agency. devin leonard has carved out a beat for himself looking at people appointed to agencies that they really don't like.

first of all, carol took all my talking points. i got nothing. connell: uh-oh. is a bad sign when a guest announces that. >> if i had gone first, i if i had gone first i would look brilliant at this point. no, every point she made is very accurate. here i think is, here i think is the story. i'm starting to wonder, because i was doing same thing as you. i was looking at averages, my gosh, you know, we hit the all-time highs on the dow early in the year and it is kind of come down. it is kind of making a little bowl if you will. i think it will go back up to new highs, to be honest with you. then i flip the chart, looking at some of these tech stocks, amazon, netflix, et cetera, et cetera. they never, they never paused even.ç they keep going up. here's the reason. i think we're slowly but surely migrating from this old economy we have, the focus on all the old industrials to exactly what carol said. new interesting, exciting, robotics ai. connell: is a trade war if that is where we're going as carol said, we'll be better off, right? >> i think, i don't know if yo

opinion was divided about that encounter with carol downes considering it...t waite thought... but clare wood was more positive tweeting. .. and for martin smith, this was tv genius. thank you for all your comments this week. if you want to share your opinions on bbc news and current affairs and even appear on the programme, you can call us or e—mail newswatch. you can find us on twitter. and do have a look at our website. that is all from us. we will be back to hear your thoughts about bbc news coverage again next week. goodbye. hello, good evening. it should be a good weekend for many of us. lots of dry weather around, some warm sunshine, temperatures into the low 20s. sunshine, temperatures into the low 205. a sunshine, temperatures into the low 20s. a chance of catching a few showers. the greatest risk will be across mainland scotland. today we have not had blue skies everywhere. we have had cloudy conditions across parts of the midlands, wealth and the north of england. the heavier showers have been in the slow—moving thunderstorms across northern ireland

that trumpet carol peters to co nta ct billing.t carol peters to contact us and say —— sent us this video. i'm very aware ofjust how important england pack —— playing in the world cup right now is to the people of the uk, but i question if it actually suitable to be the lead story of headline news on bbc breakfast as it was on 19 june. at a time when we have so many other news stories going on, the refugee crisis of italy, brexit, trump's america, and holding children away from the parents. but no, instead we get england winning one football match at the world cup as the headline news story. bbc brea kfast as the headline news story. bbc breakfast has an excellent sports bulletin, and it was extensively covered there. so why was also covered there. so why was also covered as the headline news story? i have no objection to it being a pa rt i have no objection to it being a part of the news campaign, but have we really got the proportionality right when it is the lead story? i say not. other parts of bbc news we re say not. other par

joining me now is robert costa, moderator of "washington week," and carol lee, political reporter whoeported this story. carol, we've seen this coming, and it has something to do with the configuration of the national security cabinet. but it's telling given south korea, the joint exercises. this was a concession to kim jong-un at the table in singapore. without consulting the defense secretary. >> right. and even when we spoke to people inside the white house and they were addressing each of the points in the story, a white house official said, well, you know, mattis knew that it was possible that trump may do something like this. but the president was in the meeting with the leader of north korea, and just made the decision. so he had to then inform another colleague, another administration official that told the defense secretary that this had happened. and you had to then find a way to prepare for that. >> and robert costa, it's the ad hoc way that this administration conducts foreign policy, there isn't a process, they don't have meetings to hash out these issues. this is not the

. ♪ ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly.bloomberg headquarters in new york. carol: in this week's issue, general motors signing a winning strategy in china. jason: that's right. i don't think many people have heard of it outside of china. carol: exactly. jason: first, we get to a really interesting story about a deal that died. the art of killing the deal, you might say. a $6 billion bdeal, and a cast of characters.

have you seen carole's feet four? we will leave that for later. —— carol. watchdog. sean has got more on that and the other main business stories today. good morning. first up, the compeition watchdog has been looking at hotel booking sites, and has said this morning that they need to look again at how they rank and display rooms. the competition and markets authority says some sites may be making misleading claims about discounts. it is still looking into whether sites are rushing customers into booking decisions — those things like "seven people are looking at this room right now!" next up, the financial watchdog is worried about people drawing down money from their pension pot, saying that some could actually get 40% more from their retirement pot each year if they invested it instead of taking it as cash. and you might have noticed a shortage in your favourite and you might have noticed a shortage in yourfavourite pubs, as they have run out of certain brands because of the thing that generates those bubbles, carbon dioxide. there isa those bubbles, carb

carol? if frank lampard says 2-0 i sally. carol?ould be arrested if i tried to write myself on this trophy... anyway, today, highs of up to 25 in the sunshade, so take the normal preparations you would for sitting in the sunshine throughout the afternoon, but for the rest of us, cloud building in from the west, and that will introduce some patchy, light rain and drizzle across south—west england, wales, northern ireland, and also north—west england. this morning we have a lot of blue sky around across parts of scotland, for example, but in the west of scotland you're prone to showers on and off back and it will also be very windy in the north and north—west of scotland. southend in northern ireland, the more cloud, but equally there is some sunshine around. northern england, a cracking start. as it is across wales, south—west england, and also in the north midlands. it is the south—eastern quarter which has a bit more cloud, but going through the more bring you will find it. the thin and break and we will see more such a deserving —

. ♪ carol: welcome to "bloomberg businessweek."t bloomberg headquarters in new york. carol coming up, we have a very : special issue for you. jason: we are going all around the world looking at things getting lifted. carol: a reporter is really following the money trail on some high-profile burglaries around the globe. jason: bees, art, whiskey, so much to cover. carol: we definitely have to start in the u.k. jason: a blo