carol: and i am carol massar.us for "bloomberg businessweek" every day on the radio starting at 2:00 p.m. wall street time. you can also check out our podcasts on apple podcasts and bloomberg.com. jason: you can find us online at businessweek.com and through our mobile app. let's head back to "businessweek's" special double issue on the elements. carol: here is economics editor peter coy with his remarks. why the periodic table of elements is more important than ever on its 150th anniversary. peter: really, it is an economic story. i think of everything as an economic story, but reasonably speaking, the economy is built on the periodic table. we live with carbon, silicon, nitrogen, phosphorus, i can go on and on. after all, everything in the world is built from these elements in the periodic table. we think of the world sometimes as being virtual these days. we think of software, patents, copyrights. carol: something in the cloud, whatever the heck that means. >> the value is virtual, but in fact -- and that's tru

carol: i'm carol massar.an listen to us on the radio and in new york and in boston and in washington, d.c. area: and 960 in the bay and in london on dab digital radio and on the bloomberg business at. we talked with steve schwarzman. carol: the private equity tighten, while one of the closest relationships to beijing out of any executive, is rooted both to business and the founding of schwarzman sellers. jason: he's also a prominent trump advisor. he is now the president a long time and served as an intermediary between the chinese government during this ongoing trade conflict. steve: it's more interesting than two people because china has been the most rapidly growing country, probably in world history over a 40 year period. and they did that with enormous energy, central planning, and also adopting a lot of things that emerging market countries do, which is hiding behind high tariff walls, closing its markets. and not making them as -- if not closed, not making them as accessible as the developed world does

carol: and i am carol massar. best route every day on the radio starting at 2:00 p.m. wall street time you can also catch. up on our daily show. check out our podcast. jason: and you can find us online at businessweek.com and through our mobile app. back to our special elements issue. it is the 150th anniversary of the periodic table we have an in-depth look at why matter still matters. carol: and the elements of the power electric cars and the ethical concerns. if the 20th century was the age of the internal combustion engine, the 21st century will belong to the battery. by 2040, the majority of cars will be powered by batteries, they will admit far fewer pollutants and gas guzzlers. but the elements used in batteries provide their own environmental challenges. lithium is a water guzzler. if prices stay low, it may not be worth the cost to mine. the industry may opt for the more environmentally riskier method of pumping saltwater underground. nickel is used in lithium ion batteries, boosting energy density to let

carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelley. we are here in new york. carol: this week, a special double issue "the elements." jason: on the 150th anniversary of the periodic table, businessweek looks at the business, economics, and politics and how they are getting stronger. carol: from fighter jets, computer chips, lasers, and the market for nitrous oxide cold brew. joel: what we decided to do was cover every single element on the periodic table because ultimately, these are all business stories. this is the story of business. carol: you took us places -- there were a lot of surprises for us and we think of the periodic table as old and it is such a bigger thing and it means a lot today. joel: it is the wrong way to think about it. if you associate it with high school chemistry class and get anxiety, forget about it. we wanted to make this fun because things like helium, party city is closing stores because there is a helium shortage and yet there are entrepreneurs who are trying to solve that problem, for lithium and you thin

carol: i'm carol massar.n us every day on the radio starting at 2:00 wall street time. listen to our podcast on apple podcast and wherever you find your podcasts. jason: find us online at businessweek.com and our mobile app. turning to economics, recession is gripping quarters of the united states. that could signal trouble for president trump comes the election next year. carol: there is this week's explainer. china is seen as the bogeyman that stole america's factories but the reality is, the fortunes of many u.s. manufacturers are linked to china. look at the indiana diesel maker. in 2001, the year china joined the world trade organization, cummins had $5 billion in sales and operated at a loss. last year, it posted $24 billion in sales and a healthy profit. cummins makes itself 40% of its engines in china. the ceo calls the trade war a gigantic tax on the u.s. economy. the company expects to spend $150 million on tariffs this year. the surge in manufacturing jobs the first two years of the trump presidenc

i am carol massar. for "bloomberg businessweek" everyday on the radio. you can always catch up on our daily show by listening to our podcast. find us online at businessweek.com and on our mobile app. this week, boris johnson cut his visit to the united states short, returning home to face parliament and the never ending brexit story. here is what a hard brexit might look like. >> he tries to set out what that first 24 hours might look like if it is the case we end up in a no deal brexit. this is what boris johnson is promising to do if he cannot get the deal with brussels. he says that u.k. will leave the eu on october 31. . what would happen next? we have followed various individuals who would find themselves in fairly dramatic situations if it were to be the case that there was a no deal brexit. for example, we follow eight driverriver -- a lorry making a time critical delivery. we follow a farmer on the irish border who has to cope with that change in ireland. we follow a musician on tour in europe,

jim knapp, carol's boarder.been living in the guest house. >> i can't remember the month i moved in. >> reporter: and jim knapp had a lot to say about carol, but he didn't stop there. >> it was certainly a gruesome scene. >> blood drops. shoe prints. the clues tell a story. >> she died a violent death. >> the man in the guest cottage has a story too. >> when date line continues. aim to say that more with aimovig. a preventive treatment for migraine in adults that reduces the number of monthly migraine days. for some, that number can be cut in half or more. don't take aimovig if you're allergic to it. allergic reactions like rash or swelling can happen hours to days after use. common side effects include injection site reactions and constipation. aim to be there more. talk to your doctor about aimovig. that one?! no! what about that?! no! what about now?! no! that do it?! [ buffer stops ] still not working! how 'bout now?! no! i just don't know. i mean, i don't know who labeled this thing. yeah?! no! >>> here's w

carol: i'm carol massar. to us on then inio in new york, 106.1 boston -- john: on long and through app.berg business we continue with special coverage from columbia business building on best b-school ranking. we went out to one of the schools that's always on the with faculty driving the program and high alumni that are shaping .he business community carol: lulu wang graduated from columbia business school. financial money management for decades. globale to her about the economy and ongoing unrest in hong kong. it's a very fraught situation. i hear from friends and sides.ues on both they are both equally grieved. out is the way it works that i don't think beijing realize it's going to go this far. aey do not want to have tiananmen square. have to begin to calm the crowd. the beefortunately, that the demonstrators have is really more with the hong kong than with beijing. with carrie lamb and begin to negotiate on the that theer conditions protesters have set up, there's potential to work through some understan

>> and let's just underscore something that carol leonnig just said. rudy giuliani is a lot of things and was a lot of things. he is not a federal employee. he is not a white house aide. he is not the president's attorney, he is donald trump's personal attorney. that's going to end up being important here. we have a lot more questions. our guests have agreed to stay with us over the break. >>> coming up, the challengers -- the challenges, rather, that whistle-blowers face when they attempt to come forward like this and hold some of the most powerful people in the world accountable. >>> and then later, the tax returns trump has refused to release. the tax returns he's gone to great pains not to reveal. the fight to get those returns getting a bit closer to donald trump as "the 11th hour" is just getting started on this busy thursday night. ♪ ♪ introducing a razor that works differently. the gillette skinguard. designed with a guard between the blades that helps protect skin. it guards against razor burn on the neck and irritation on the face. get the sh

carol remains with us. let's add to the conversation a second politzer prize phillip rucker is the chief. we're also fortunate to be joined by jeremy bash, former chief of staff at the cia and pentagon notably former chief counsel to the house intel committee. jeremy bash please let our viewers know what whistle-blower status is supposed to mean in the law, how it's been enshrined and protected in the law to come up the chain with protections built in. >> the law is crystal clear, brian. if you are an intelligence community professional and observe wrong doing, and you observe is in the context of your responsibilities as an intelligence community professional and make a complaint to the congressional committees or inspector general, you cannot be retaliated against. you can't be fired. you can't be prosecuted. so we have an individual, a very courageous individual in our country tonight that clearly observed wrongdoing, an abuse in authority and possible unethical or illegal acts as reported by "the washin

[ applause ] and we got great music from carole king, the one and only. [ applause ] >> jimmy: how wass unbelievable >> she's a legend. >> jimmy: it was her and goffin king up on the roof >> yeah. >> jimmy: i am excited she's here earlier i was hanging out with my buddy jack white. [ applause ] jack white >> jimmy: his album right there. yeah, he's a good dude i love jack. i was hanging out with him not only he's an amazing rock star but he's really good at all sports, like all sorts of game yeah, every now and then we like to get together for a spirit evening of games tonight things got interesting check it out ♪ [ cheers & applause ] ♪ ♪ ♪ >> jimmy: check! >> check mate, see you next week [ applause ] >> jimm >> is that great chess >> jimmy: my thanks to jack white, i love that dude. latest album is called "help us stranger", it is out now stick around, we'll be right back with more with "the tonight show" everybody. back with more with "the tonight show" everybody. ♪ our camera traps allow us to have and eye in the mountains, taking thousands of pictures. microsoft ai scans through

carol: a piece of that but the underlying economy is in reasonable shape.n globally, there are clouds in the horizon but not necessarily indications of a huge recession coming. you've got good consumer confidence and spending in the u.s. the u.s. has been in prior markets that has been the engine of global growth. i think there is a big balance that way that people are looking for and waiting on, waiting patiently. kathleen: i wonder how long people can wait for a trade deal. you could argue that donald trump as much as president xi would like to get a deal done. he would like to have a stock market that is rallying and playing that -- claim that victory as he goes into the 2020 election. i think a piece of it is there is another camp here that says the trade issues, the decoupling of that two largest economies are not necessarily a short-term fix to make and maybe perhaps we all get used to their be think trade issues that are being reworked as companies and countries rework. it is just one of those, it is an irritation. kathleen: so, as an investor, what

. >> there is "carol's second act."se we went behind the scenes. >> i just love being on "e.t." >> patricia heaton's new gig and side hustle. >> could this be my second act with the show doesn't work out? >> no. and matthew hussey, getting baa into the dating game. closed captioning provided by -- >>> the "e.et." going right now? >> i'm looking for somebody everybody loves -- parking spot. >> patricia heaton does have to new show, "carol's second act." we know that she actually is pretty darn good at playing a "e.t." reporter. >> i just love being on "e.t."! it's a show that's -- i started watching it when i first moved to l.a. 30 years ago, and i can't believe now i get to be doing this. first question, who is the greatest number one on the cal sheet you have ever looked at? >> well, that's easy >> ashley. >> yes. >> how much do i remind you of your real life mom? >> i have to say -- it's waerd because i say i look a lot more like you. >> your dad and i have something to tell you. >> i know. >> everybody loves raymond

. >> there is "carol's second act."went behind the scenes. >> i just love being on "e.t." >> patricia heaton's new gig and side hustle. >> could this be my second act with the show doesn't work out? >> no. and matthew hussey, getting baa into the dating game. closed captioning provided by -- the juul record. they took $12.8 billion from big tobacco. juul marketed mango, mint, and menthol flavors, addicting kids to nicotine. five million kids now using law with e-cigarettes.ignored te misleading health claims. now juul is pushing prop c, to overturn san francisco's e-cigarette protections. say no to juul, no to big tobacco, no to prop c. >>> the "e.t." "amazing race" continues. do you know where you're going right now? >> i'm looking for somebody everybody loves -- parking spot. >> patricia heaton does have to new show, "carol's second act." we know that she actually is pretty darn good at playing a "e.t." reporter. >> i just love being on "e.t."! it's a show that's -- i started watching it when i first moved to l.a. 30

. >> carol is his widow. john was a softwe murdered in davis 26 years ago by this man, timothy wilson of san francisco. when he first murdered john, he had what i call dead eyes in the courtroom during the trial. >> reporter: in court wilson claimed he made sexual skranss toward him. >> wilson said that triggered his violent response because he had been sexually abused by a child. but he was convicted by a jury. >> carol sat in on the parole hearings. >> they reviewed all his violence before that. he had restraining orders against him. he had assaults. in fact, that morning he had assaulted a waitress in the ash bury district. >> reporter: and this week on his third try a parole board decided at 49 wilson is no longer a danger to society. >> i'd be lying to say i wasn't disappointed. >> i knew it was going to happen at some point. even though the guy's lied every time, they don't seem to care about that. >> reporter: the family is challenging the decision hoping the governor will overturn it, especially, caro

carole king. >> stephen: that's nice. not too shabby.rade war with china. the president has put tariffs on hundreds of billions of dollars worth of imports, and it's been going on for over 15 months. to put that in perspective, if you had a baby when the trade war started, by now, that infant would understand tariffs as much as trump does. ( laughter ) but global trade-- admittedly, admittedly, global trade is hard to understand. fortunately, we here at "the late show" have an expert at not understanding things. her name is bootsie plunkett. she is our "uninformed correspondent" and the mother of my field producer, jake plunkett. jake, thanks so much for being here. good to see you. >> thank you, thank you. >> stephen: a good man. your wonderful mother has covered everything from the midterm elections to the russia investigation as our "uninformed correspondent." is it safe to say she's equally uninformed about the china trade war? >> yes, i think that's fair. >> stephen: and we're nothing if not fair here. >> that's right. >> stephen: a

it is like carol, she would never miss out ona like carol, she would never miss out on a good weathersunshine and showers but some showers will be heavier. the rain continuing itsjourney east. some showers following on in northern ireland. these are the two front responsible for the rain. they will clear away. other weather fronts coming in. if you look at the isobars, quite a blustery day. when the western approaches so west facing coasts. it will dry up and brighten up and we will see some showers. some merging with heavy outbursts. showers in northern ireland. the rain takes a while before clearing the northern isles. in the northern isles, it is meant to be pretty windy. mastery across other parts of the uk. overnight, we lose the rain from the northern isles. with the exclusions from the west, frequent showers coming in, some heavy and thundery. temperature wise, 9— 13 degrees but under clear skies we could have a low as six in scotland. but it doesn't mean a dry weather in the east to start the day but then all the showers plugging in against some of them merging. a greater chan

. ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelley.eek, building on the franchise of bloomberg businessweek magazine and its ranking of the top programs, we went to one of the top schools in the world. jason: we got to have class outside over at columbia business school. we heard from faculty driving the program. carol: so much fun on college watch, we also talked with

thanks to jason kelly and carol massar.f the hour is mark and heading toward a two date decline. 3% fordropping more than second day as mounting concern over congressional drug pricing action moves that stock lower. kailey leinz has more. kailey: it was down yesterday based on the goldman sachs note that said an onslaught of pressure from capitol hill may be coming for these stocks now that congress is back from august recess. we are seeing some of that play out with nancy pelosi's drug pricing plan which is starting to circulate, and analysts are describing is quite aggressive. one of the highlights is health and human services would directly negotiator pricing for the 250 top-selling drugs in the u.s., that is for all domestic sales and not just medicare. the companies that do not negotiate would face a penalty equal to 75% of the drugs prior year growth sales. it would also create a cap on pricing based on the international index. also time drug prices to inflation, i have a chart you can see showing how pharma price inf

carol, you contributed to this.t to -- first of all, i should ask you if i sort of hit the high points there. it seems to me that this information that it was a communication by the president, it was a communication by the president with a foreign leader, it was a troubling promise that he made, in that it was a conversation by phone. it does seem like if those are all clues that "the post" has been able to ferret out, that should be able to narrow it down in terms of the time frame and the potential things that could be within the realm of factual four corners that this could be. >> yes. i mean, it does mean -- keep in mind, rachel, the president speaks to a lot of foreign leaders every day. and some which are not obvious to us or recorded for posterity, meaning, you know, there have been a lot of stories about the president having conversations that are not -- there are no note-takers. so, we don't know for certain exactly whom he was speaking to, but the sources are saying that these are the critical pieces. some

this is bloomberg. ♪ carol: welcome to "bloomberg businessweek." i'm carol massar.jason kelley. carol: this week, building on the franchise of bloomberg businessweek magazine and its ranking of the top programs, we went to one of the top schools in the world. jason: we got to have class outside over at columbia business school. we heard from faculty driving the program. carol: so much fun on college watch, we also talked with high-profile alumni who continue to shape the bune

>> carol, kelly, ken, thanks to all of you for your great reporting and analysis. i want to bring in our national security experts, ned price, former senior council under president obama and nbc national security analyst, tom dupree under president bush. ned, let me start with you, 30,000 foot view, whistleblower, it's an extraordinary development in and of itself, much more if this phone call were to relate to personal gain, as some of the signals seem to be pointing to. >> intelligence community whistleblower complaints aren't all that frequent. from 1999 to 2009, there are ten of them. now we are having one that has burst out in the open that deals with oun of the biggest issues we've seen under the presidency. listening to the latest twists and turns i'm reminded of the definition of insanity. doing the same thing again and expecting a different result. president trump in 2016 essentially asked the russians for help, his campaign did at least. he got caught and he's now facing the music. we can debate the volume of the music. it seems if the story continues to

carol, welcome back "newshour".p us understand that the number of prisoners have gone down but somehow the cost has gone up. how is that possible? >> there are number of things going on. the prison buildings were set up as temporary, expeditionary war on terror sites, and they opened, you know, in 2002, and many of the buildings and structures that they have been using are that much older and have needed repairs andd replacement andmaintenance. the price of keeping la sodier, mostly national guard, in uniform has also ne up across the years, and this detention center of 40 prisonerss ha 1800 soldiers, that's 45 troops for every prisoner. 1800 soldiers plus a staff of probably around 300 or more civilian contractors. in addition, guntanamo is just plain expensive. it's down here inba. everything comes in by airplane or barge. everything hasa markup. construction has a markup. extremely isolated, expensive place to run this kind ne operation. >> nawaz: the pri left there now, i imagine as they stay there longer, and w

klaus bothe carol marie bouchard j. howard boulton francisco eligio bourdier thomas harold bowden, jr. donna m. bowen kimberly s. bowers veronique nicole bowers larry bowman shawn edward bowman, jr. kevin l. bowser gary r. box gennady boyarsky pamela boyce allen p. boyle michael boyle alfred j. braca sandra conaty brace kevin hugh bracken sandy waugh bradshaw sandy waugh bradshaw david brian brady alexander braginsky nicholas w. brandemarti daniel raymond brandhorst michelle renee bratton bravo ronald michael breitweiser >> thank you, david, for sharing his legacy all over the world. charles broghammer keith a. broomfield juloise brown lloyd stanford brown patrick john brown bettina b. browne-radburn bruehert andrew brunn vincent edward brunton ronald bucca brandon j. buchanan greg j. buck dennis buckley nancy clare bueche patrick joseph buhse john edward bulaga, jr. stephen bruce bunin christopher l. burford matthew j. burke charles f. burlingame iii thomas e. burnett, jr. donald j. burns kathleen anne burns keith jame

thank you very much, carol. we will see you very much, carol. we will see you later. david, when did you hear about this? we know for a while it could be on the cards, when did you hear you could presumably lose yourjob? your mac officially, 1am on monday morning. the writing was on the while earlier that evening, but 1am was the official e—mail saying thank you very much. then later in the day on monday, all of our work e—mail was cut off. were you in the uk? yes i was stopped we have drew stranded across the world, someone in cuba this morning, someone in cuba this morning, someone in cuba this morning, someone in las vegas trying to get home. one of our well—known carriers said ok, we have four seeds, and we are touching $10,000 proceed. —— per seat. i'm glad to say virgin did the right thing, getting those people home safely. a couple of other crews, i don't know what is happening to them. i know the company is doing their best, but management is out of a job as well, they have other things to sort out. it's a mess for everybody. as you said before, in some ways t

carol and veronica are back with us to react. it is interesting, carol. sometimes you get the fed officials on the air, speaking in tongs. almost on purpose they don't want you to know what they were talking about. very straightforward for mr. rosengren on his case. are you in his camp or the other camp? as he basically said, as edward explained if we cut rates too much the economy turns down not only corporations but individuals will have too much debt. then we're in trouble because they're going to have too much debt, they would be way levered and at some point the economy will turn. what do you say? >> i completely agree with this i've been a hawk for a long time. i think it was completely wrong to cut interest rates. the fed is supposed to be spurring demand for investment. i don't think investment is held back because interest rates are too low. to his point people will make risky type of invests they wouldn't make normally because of the potential bubble. i think it's a bad thing. i do think they will run out of tools. i think we'll end up paying a

congressman, it's carol ross. not trying to overthrow illinois but i do want to get your take on what you think iran's end game here is. do you think they are trying to bait the u.s. into war to cover for a variety of potentially nefarious activities or some other reason? >> well it's pretty clear to me that the iranians while today they're not willing to come to the table and meet with president trump to negotiate a better deal to replace the failed jcpoa? i do believe that's on their horizon they don't have any other choice if we maintain the maximum pressure campaign. that is the administration's approach. that has been the approach since the very beginning, to force iran into a corner, so they come back to the table and negotiate a deal that will forever not allow them to pursue nuclear weapons, and will takeaway funding that will prevent them from funding their proxy groups that fund terrorism in that part of the world. that's the end game. that's been the presidents approach and so far i appreciate how the p

i'm sure we'll hear from him, again. >> carol lee and kristen welker, we appreciate it.nk you, both, ladies. >> thanks, katy. >>> coming up, is the tide turning on in impeachment. steve kornacki has the numbers. the secretary of state and who could be next? ext?der i can do it next year. no rush. cologuard is the noninvasive option that finds 92% of colon cancers. you just get the kit in the mail, go to the bathroom, collect your sample, then ship it to the lab. there's no excuse for waiting. get screened. ask your doctor if cologuard is right for you. covered by medicare and most major insurers. whyou should be mad that airports are complicated... he's my emotional support snake. ...but you're not, because you have e*trade, whose tech isn't complicated. it helps you understand the risk and reward potential on an options trade. don't get mad. get e*trade. ♪ work so hard ♪ give it everything you got ♪ strength of a lioness ♪ tough as a knot ♪ rocking the stage ♪ and we never gonna stop ♪ all strength, no sweat. ♪ just in case you forgot ♪ all strength. ♪ no sweat secret.

carol, the reporting coming out of the post tonight is fast and furious on this. congratulations to you and your team for doing it. but it seems that someone's talking about the fact that yeah, not only did the president do this but there's context around it that should make it yet more worrying for americans. >> i think -- thank you, ali. i think what we're learning is in dribs and drabs what i assume must be painful for some people in the white house and the justice department, we're learning day by day more information about the nature of the president's interest in ukraine and his personal effort to reach down into state and department of defense funding and hold it back from the ukraine while he was, you know, days away from talking to the president and according to our sources pressuring the ukrainian president to investigate biden's son. >> you know, i read to my audience the key paragraph in this story a couple of times, but i want to go a couple paragraphs lower where it says "administration officials were instructed to tell lawmakers that the delays were

[laughter] >> jim, it is carol ross. we're hearing some rumblings that ambassador rick grinell might be one of the names that's being floated in consideration. can you walk us through some of the top names and what they might bring to the position? >> yeah, honestly i think it is speculation. people have been tossing out names for months as they have watched this kind of dance between pompeo and bolton and trump. i don't know what to put on any of that. if you look at the chronology and sequence, i don't think trump has started thinking seriously about this till about 11:00 this afternoon. i imagine trump will do what he's done in the past on these things, which he will call a number of people he trusts. he will call jack keane. we've already heard now calls hr mcmaster's his former national advisor and others, he will ask for people's input. number one he wants somebody that he's comfortable with, not a yes person who just says do what i say, but, you know, somebody that he likes working with because they spend a lot of

carol, eugene, stephanie and brad are back.eoff, it's still going on if you had to tell somebody who did not watch this hearing what was it about and what was accomplished, what would you say? >> reporter: you know, chuck, it depends on what matters more does the sideshow matter more or the substance of what democrats think they gleaned, what they extracted from corey lewandowski matter more? for the sideshow, democrats could make the argument should have been better prepared for the blizzard of obstructions that corey lewandowski tried to throw in their way in part because he tweeted well before he even stepped foot into this hearing room, basically the same talking points we've heard from president trump, about how the mueller report showed no obstruction, no collusion. that's not entirely true but there was no denying that corey lewandowski would enter this hearing room with an agenda as one of donald trump's loyal foot soldiers. on the substance of the thing, though, you hear democrats make a couple of points one, they say