i am carol massar. i am carol massar. carol: i am carol massar. it differently than any secretary of state of the modern era. a corporateng mentality into the job and diplomacy where everything happens behind closed doors. negotiations are kept secret. the press has no utility. they are a nuisance to be cut out rather than being used as a messaging tool. that cuts especially when compared to john kerry, who never met a camera he did not like. rex tillerson is the anti-john kerry. he made some references to john kerry and soccer. oliver: that's right. john kerry was gregarious and love the press and had a habit a soccer ballund on the tarmac of what ever airport he found himself with the press. saidillerson spokesperson the days of kicking around a soccer ball on the tarmac are over. that speaks mimes about how rex tillerson and how his slim staff sees the job versus their predecessors. carol: that's interesting. this is story points out that or pastor state department, secretaries of state, have been part diplomat and part public relations person.

i am carol massar. oliver: i am oliver renick. carol: one day trader who loves wearing a wire for the fbi. oliver: dilbert's creator has strange and controversial viewpoints. carol: the shockingly bad safety record for auto-parts makers in the south. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. you look at china, specifically an economist who is trying to shut light on the chinese economy. megan: this is a story about an economist who ran into trouble with the authorities and 2012 because he did a study on inequality and found that was higher than economists had forecast and was visited by several members of the administration at the time. what he is trying to do is do this complicated survey of china's wealth, and particularly china's people's wealth. whether they have real estate, what their farms are like, what the agricultural productivity is like in order to generate wealth. in china, a huge swath of the country is agrarian and has not caught up with that developmen

carol: i am carol massar. so catch us on the radio in new york, boston, washington, d.c., and the bay area. oliver: and in london and in asia on the bloomberg radio plus app. carol: germany has a lot of stake in the upcoming french presidential election. oliver: and emmanuel macron may be the candidate that angela merkel wants to win. >> the top three candidates are marine le pen, emmanuel macron, and francois fillon. marine le pen and macron are essentially tied for the first round vote, which means they are likely to go on and face each other in the second round. then pulls a show that macron should win by a large margin, but it is always difficult to get the psychology of a second round vote when you are not there yet. carol: that outcome of how the french elections might ultimately result in macron winning, that would be a good thing for angela merkel? >> i think we can say that would be a good thing for europe. we are talking populism here. the thing to understand is that marine le pen is a populist who wa

i am carol massar. oliver: i am oliver renick. carol: can a ceo lead the u.s. state department? the odds for and against rex tillerson's success. and how did one of the most liberal and welcoming places in europe become a hotbed for anti-globalization? oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor-in-chief megan murphy. you take a look at rex tillerson. can a ceo do the job? megan: what it is talking about is he is facing a different set of challenges. he is facing a state department that was upended. he was cut out of the loop on a travel ban for people from seven predominantly muslim countries. it is an unprecedented situation. so while he is bringing in ceo management techniques, his reception has been quite as positive. him hi the challenge is not what we would expect it. the challenge is getting traction in the administration for a type of leadership style and development of americans foreign-policy. he is still building out his own structure and face time within the administration. olive

i'm carol massar. >> and oliver renick.ambridge analytic us data models form the backbone of print -- president trump's campaign strategy. >> here's reporter david kochanski. >> cambridge was a late entry to the trump campaign. they got credit afterwards because there data analysts identified pockets in the rust belt where there were potentially persuadable trump voters in wisconsin, ohio, michigan. that's when the electoral college. their role was relatively small but important. pitch,ve a great sales they have this whole data analysis where they use people's social feeds and say they can build psychographics were they can tell people are's persuadable based on things that they tweet, like on facebook. this is the big program that they sell themselves on. they did not get a chance to do that in the campaign. they say they have done it elsewhere and have had a lot of success and have had a lot of success in doing things. the company also has a mixed history in terms of of other things head is worked on for different governm

caroline: that was carol massar and peloton ceo john foley.t for this edition of "bloomberg technology." ♪ this is bloomberg. ♪ ♪ >> from our studios in new york city, this is "charlie rose." >> good evening. i am filling in for charlie rose. on saturday, the president took to twitter to accuse former president barack obama of wiretapping trump tower during the 2016 presidential election. fbi director james comey reportedly asked the justice department to reject the unstated send cheated claim, arguing the -- of claims, arguing the allegations are false. monday morning, a report said president trump does not accept

caroline: that was carol massar and peloton ceo john foley.for this edition of "bloomberg technology." this is bloomberg. ♪ >> another brexit low. trying to get parliament to veto the terms of brexit. prime minister may now keen to undo the changes. next the uk's chancellor of the exchequer of else's annual budget today. saying britain is well-placed to whether brexit. >> economist blames seasonal factors but chinese shares climb in hong kong. ♪

carol massar spoke with the c.e.o. about his funding plans this week. carol: ipo this year? >> no. >> we are looking to do the best fundraiser in the next couple of months that will allow us to be as aggressive as we want and take our time considering the public markets. carol: next year? >> maybe. carol: i read something about a $10 billion valuation in five years. is that real? >> i would be disappointed if that were not real. it starts to be on the order of magnitude of what we are seeing with the opportunity. i think that is on the low side of where we see the business going in the next five or 10 years. caroline: you can catch the full interview this saturday on "the best of bloomberg technology," along with more of our best conversations of the week. coming up, we head to beijing for an exclusive conversation with the baidu c.e.o. how it is attracting international talent and how it plans to commercialize a.i. that is next. this is bloomberg. ♪ ♪ caroline: the c.e.o. of china's largest internet search engines as the country is more open to global talent than ever. robin li sp

carol massar and i talked with megan murphy. looks of the companies behind this mixture known as purple drank, a popular high in the hip-hop community in the south. this story focuses on houston and how it was an integral part, cough syrup, a component of that high you get by drinking this and how these companies, and it is a small corner of the overall drug market, but these bottles of cough syrup trade as high as $1000, $2000, and are specific to their flavors and color. purple drank is what we focus on. theaugh about it, but country is in the throes of an opioid epidemic, unseen scale, a threat to so many communities now. the radarder percolating away in cities like houston, and law enforcement, how different it is to combat these highs. is what i love about the reporting. he digs into it. it is under the radar. it is not so well-known. thewonder about whether corporate community, the drugmakers, how much they knew about it and the street value of this drug. megan: that is the thing. it is a small market and a small number of

. ♪ carol: welcome to "bloomberg businessweek" i am carol massar. oliver: i am oliver renick. one ready for takeoff. someo's does soul-searching and comes up with a new recipe for success. oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are with the editor in .hief megan murphy you guys look at korea. there is a lot going on in south and north korea. megan: we have seen

i am carol massar. oliver: i am oliver renick. carol: can a ceo lead the u.s. state department?and against rex tillerson success. and how did one of the most liberal and welcoming places in europe become a hot head for anti-globalization. oliver: all that ahead on "bloomberg businessweek". ♪ carol: we are here with editor and in chief.

i am carol massar. oliver: i am oliver renick. one day trader who loves wearing a wire for the fbi. strange and controversial viewpoints. carol: the shockingly bad safety record for auto-parts makers in the south. oliver: all that ahead on "bloomberg businessweek". ♪ we are with the editor in chief megan murphy. you look at china, specifically

are made this way singing the rock of ages ♪ ♪ carol: welcome to "bloomberg businessweek," i am carol massarrol: trumpforce one ready for takeoff. domino's does some soul-searching and comes up with a new recipe for success. oliver: all that ahead on "bloomberg businessweek." ♪ in

i am carol massar. oliver: i am oliver renick. der who loves wearing a wire for the fbi. oliver: dilbert's creator has strange and controversial viewpoints. carol: the shockingly bad safety record for auto-parts makers in the american south. oliver: all that ahead on "bloomberg businessweek." ♪ ♪ carol: we are with the editor in chief megan murphy. you look at china, specifically an economist who is trying to shed light on the chinese economy.

you can learn more from him in about an hour when he is joined by carol massar on bloomberg radio.k at the business -- biggest business stories in the news right now. jumping one shares the first trading day. went public.r york ates opened in new $18, bringing the valuation up to nearly $1.9 billion. it is now trading on the toronto stock exchange and the nysc. the british company intervened in the company bid to take over sky. they have to report how -- the regulatory process is the most important hurdle for them to clear. approval would let fox build a strong it meet -- atlantic media giant. the largest maker of swiss watches is forecasting a rebound in the u.s. and european markets. the company sees higher demand for components sold to rival watchmakers. swiss -- ♪ that is the latest bloomberg is -- business flash. says -- willparis not stop the paris accord momentum. we will hear from her next. this is bloomberg. ♪ ♪ mark: live from london and new york, i am mark barton. vonnie: and i am funny quinn. this is the european close on bluebird markets. anne hidalgo is a passionate e

carol massar has the story. ♪ >> this may look like your average cycling class, but it is not to whatundreds of writers joining in from home. >> last one. i need you to be magical. >> peloton is one of many companies disrupting the fitness industry. fitness is becoming more about on demand and all access. there is an increasing number of workout companies using technology to offer members unlimited streaming workouts that let's users take classes from different locations or in the convenience and privacy of their home. peloton cofounder and ceo john foley. >> you can watch content where you are. i think peloton will help to pioneer it. >> today, 26 billion dollars is spent annually on fitness and the u.s. digital workouts are taking a chunk out of that number. on demand fitness services jumped to 8% of total spending on workouts last year, up from 5% in 2014. at peloton alone, sales doubled from 2015 to 2016. the company make $170 million in revenue last year, three times as much as the year before. foley hopes 2017 will be the company's first profitable year. how do you see yourself?

carol massar has the story. ♪ >> this may look like your average cycling class, but it is not, and whathe studio are the hundreds of writers joining in from home. >> last one. i need you to be magical. >> peloton is one of many companies disrupting the fitness industry. from daily burn to crossfit, fitness is becoming more about on demand and all access. there is an increasing number of workout companies using technology to offer members unlimited streaming workouts s users take classes from different locations or in the convenience and privacy of their home. peloton cofounder and ceo john foley. he likened it to people wanting in on their terms, their time, and more convenience. >> at 8:00 you had to be there for magnum pi. now with netflix and streaming, you can watch content and consume content where you are, when you want, so i think fitness is the next frontier of that, and i think peloton will help to pioneer it. >> today, some $26 billion is spent annually on fitness and the u.s. digital workouts are taking a chunk out of that number. on demand fitness services jump to nearly 8%

i am carol massar. oliver: i am oliver renick. rader who loves wearing a wire for the fbi. oliver: dilbert's creator has strange and controversial viewpoints. carol: the shockingly bad safety record for auto-parts makers in the american south. oliver: all that ahead on "bloomberg businessweek." ♪ ♪ carol: we are with the editor in chief megan murphy. you look at china, specifically an economist who is trying to

i am carol massar. oliver: i am oliver renick. carol: can a ceo lead the u.s. state department? and against rex tillerson's success. and how did one of the most liberal and welcoming places in europe become a hotbed for anti-globalization? oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor-in-chief megan murphy. you ta

will it influence other companies -- for more, let's handed over to cory johnson and carol massar., jackie is with us from ernst & young. here to talk about the ipo maet. first of allthe snap ipo -- a lot of excitement, the big tech ipo we have been waiting for, came out of the gate strongly, and shortly after it began pulling back. down about 16% after hitting a high after his ipo. what does snack tell us about the ipo market, or is that a specific situation? jackie: i think big brand names, exciting unicorns, they are great for the market. they encourage tech companies and other companies who are interested in listing to get ready. the momentum has been great. the markets have been moving, and there is a lot of global macro economic issues weighing in. don't look at movements in the stock price. we don't like to look at stock price and first-day pops as any sign of the success. cory: to that, snap is unique and not unique in a lot of ways. it is a consumer facing technology business. 80% of technology is enterprise technology, but it is a consumer facing business that has a lot o

catch cory johnson on bloomberg radio with carol massar at 2:00 p.m. eastern.obileye popping by 29%. , don'tup, brian krzanich miss that interview on the merger news. in the markets, we are open for 11 minutes in the u.s. the s&p flat. the dow flat, down 11 points. the nasdaq up 55. the selloff in the 10 year continuing to raise yields come up by two basis points. and see into this big week for economic data, a big week for the fed him a big week for european politics. this is bloomberg. ♪ >> this is "bloomberg daybreak." , intelup, brian krzanich ceo at 12:45 p.m. eastern time. ♪ david:david: this is bloomberg. disaster. 2017 will be the worst year yet by far. republicans will come together and save the day. joining us now is kevin cirilli. the president has set his agenda. it seems to deal with health care. what is he trying to do here? kevin: he will use the power of the pulpit to rally republicans. mike pence was in kentucky touting paul ryan's health care plan. later this week, president trump will travel to nashville, tennessee to tout this health care pl

scarlet: carol massar and cory johnson.irius xm, on therg.com, and tdr go bloomberg. we are awaiting a speech on defense spending from the president. that is a live shot on for the new aircraft carrier, the uss gerald r. ford. he is due to begin start speaking shortly. he's right behind the person ready to introduce him. we will bring you to that event when he begins. going to be talking about where he will get some of the funding for his proposed bumps to defense spending. let's take a look real quickly at some of the news happening today with the bloomberg business flash. the nike president tom farley, we talked about snap. he said he is pleased with the step's firstar in trading day. he spoke earlier to bloomberg's caroline hyde. >> i take great comfort that the stock opened at 24 and it is trading smoothly right around that number. that's exactly what you want on the earth day, especially of a large ipo. oliver: the ipo tested investor advertised for an app that is popular among people under 30. falling to shares the bi