carol: i am carol massar. you can also find us online on businessweek.com. ile app. carol: in the politics section, the u.s.-led military campaign against isis might be nearing a climax. oliver: but defeating the group's ideology is going to take more than guns. the question is if the u.s. is ready. we talked to a reporter. ramesh: we have made significant progress on the military campaign, so that is chasing isis out of its strongholds in iraq and syria, taking out its leadership, removing some of the foreign fighters who went to iraq and syria to fight with isis, removing them from the battlefield. so there is slow but steady progress taking back mosul, a , big breakthrough for the coalition against isis. what we are still maybe not as far along as we should we, or that the problem i think is still going to present itself going forward is going forward what to do with the ability of , isis and other organizations to recruit, to reach, and connect with potential recruits through online means, through the internet and social media, but also offline, through m

carol: i am carol massar. en to us on radio on sirius xm channel 119, a.m. 1200 boston, 91 fm in washington, d.c. oliver: and in asia on the bloomberg radio plus app. carol: in the politics section, jeff sessions may not be involved in the russian investigation. oliver: he has been trying to roll back a lot of obama era policies. >> for the attorney general, it has been pretty much business as usual. he has been able to use this time while everybody is focused on the russia investigation to kind of remake the justice department and move them in a direction that he wants them to move towards, which is a focus on violent crime. a large part of this has been stripping back a lot of obama era initiatives and legal legacy. carol: talk to me a little bit more about the specifics of what he has been undoing in terms of the obama legacy. >> sure. he has been rolling back charging policies that have sort of taken a softer approach to nonviolent drug offenders and essentially ordering all prosecutors to charge the harshe

i am carol massar. oliver: i am oliver renick. in the politics section, once friends, now fannie mae's. ienemies.icated -- fr the company relationship between germany and turkey. the trade between the two is upwards of $36 billion per year. the relationship goes back to the 1960's when a lot of turks moved to germany. now, there have been tensions for about a year and a half. .hey have spilled over >> i had no idea how deep this was. you have lots of german companies operating in turkey. there's a lot of back-and-forth between the two. >> sure, volkswagen, deutsche's, a lot of them had she's presences in both germany and turkey. at one time, germans made up the biggest taurus block and turkey. the ties are complex, they are really deep. they are very substantial. >> we know they have a great relationship where they have had a great relationship. it has become strained as of late, what happened? week, turkey detained a few human rights workers. one was a german national. angela merkel uncharacteristically denounced this for the las

i'm carol massar. this week, 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. reporter: it is rich in the type of material that is total in helping heal wounds. omega 3. we sometimes forget about the number of people who are afflicted with persistent wound care, whether it is diabetes or you had a burn. they really have developed this market with fish skin. they can be used and is testing better than other products used. another product is a pig intestines. the future is here. we are adapting products, adapting things to do things we never thought possible. using fish skin. wrapping fish skin. product.g this it really does do something you probably never heard of but you should know and fundamentally can change the way hundreds of millions of people suffer around the world. this could be a real breakthrough. oliver: it harkens

i'm carol massar. oliver: i'm oliver renick. tetris online at businessweek.com. rol: and on the mobile app. hires: health insurance pharmacy managers to negotiate drug prices with pharmaceutical companies. that hased --carol: led the price hikes and lawsuits. pharmacy benefit managers work on the behalf of health care employers, unions, anyone who is providing health plans to employees. the rule of the pharmacy benefit manager is to represent a health plan in its dealings with the drug manufacturers, and to negotiate discounts, which are referred to as rebates from the drug manufacturers, so the health plan, which might be employer or insurance company pays less than the publicly advertised list price. that is the first step in understanding what they're going to do. carol: let's get into competitions. how is that working in terms of reducing cost? cost fordoes reduce the health plan, but the seeking of the rebates has the perverse side effect of causing drug manufacturers to raise their list prices, so the list price is higher in a remake can be taken from the hi

carol: and i am carol massar. listen to us on radio on sirius xm, 106.1 fm, a.m. 1330 in boston. oliver: and in asia on the bloomberg radio plus app. u.s. lawmakers have record deal making in the chip industry. >> unprecedented. nothing like this has happened in the 40 or 50 years of the chip industry. getting together at a rapid pace and consolidating into a few concentrated companies that are responsible for the majority of production. >> the cost of production is helping fuel the m&a pace we see in the semiconductor space. when it comes to chinese companies that want to be in that consolidation wave they are being left out. how come? >> there is a geopolitical aspect to this. the semiconductor industry is primarily a u.s. industry. china is the biggest market for chips. 59% i believe of the overall market is actually sold into china. it is really a u.s. industry. the fastest way to get expertise, the fastest way to get market share is to go out and buy it. buy companies, and the u.s. government does not want th

this is bloomberg businessweek. ♪ ♪ welcome back to bloomberg businessweek, i am carol massar.o catch us on the radio. in london on dab mux3 and in asia on the bloomberg radio plus app. oliver: the latest book by best-selling authors -- carol: it is called the same platform crowd and we caught up with them. >> technologies advanced faster than we expected. we thought we were pushing the envelope a little bit being optimistic. we lowball it. the breakthroughs that have happened in terms of getting machines to not just make decisions but figure out answers on their own have been breathtaking. we have been kind of disappointed with the ability of businesses, organizations, and the government to keep up with these changes so we are glad we tried to write this book to close that gap. >> we wrote this book about how with the second machine age, everyone underestimates the scale and pace of tech growth carol:. why is that? >> technology is just doing wonderful things. every once in a while there is a technology surge that we are not ready for. >> it has been said that the greatest fai

i am carol massar. oliver: i am oliver renick. the radio on sirius fm, new york, boston, and am 960 in the bay area. carol: in london and on asia in the bloomberg radio plus app. in the remarks section, senator peter mccoy writes about what the u.s. could learn from the french. peter mccoy, i think the idea of the french vacation keeps popping up. they take a month off. peter: they do, and they enjoy it. i talked to a woman who runs a b&b in provence. actually a place we stayed. she said, look, it is almost a right, as if it is handed down from the french revolution of 1789, we take our vacation, nobody gets in the way. oliver: the europeans maybe do things right. america does top rated gdp in unwilling toybe sacrifice my vacation to stay on top of the food chain. peter: some of the people that i talked to acknowledge that america has a pretty high standard of living measured in gdp per capita. the question is, what are you willing to sacrifice for that? or do you need to sacrifice anything? for example, americans work for -- fairl

oliver: this is "bloomberg businessweek." ♪ ♪ carol: welcome back to bloomberg businessweek, i am carol massarver renick. radion catch us on serius . 99.1 fm in washington, d.c. and a.m. 960 in the bay area. carol: and in asia on the bloomberg radio plus app. online at businessweek.com, tony fidel is famous for creating the iphone and ipod prototype. oliver: we set down with him to see what he sees for the future. >> one of the most important hardware designers today worked at apple and was a key engineer on the ipod and then the iphone. he built early prototypes of both devices and then he went and started nest, which is this, made this smart thermostat. best pioneered the idea of these smart home ideas that we are seeing, sold it to google for $2.3 billion, left last year and is taking a bit of a rest. he is working on something but will not say what it is. oliver: this is a guy we should listen to when we try to assess where technological devices are going and where technology is going. >> we had a nice conversation about the iphone, it is celebrating its 10 year anniversary. 2007 and i jun

we have alix steel, and carol massar to bring you the time-honored event right here on bloomberg.al. julia: a spectacular. mohamed el-erian spoke to bloomberg television earlier today. see what he thinks is the most and port in fact are moving markets and his take on the new normal of high stocks and bonds. from new york, this is bloomberg. ♪ julia: what's driving the bull market and the unusually high correlation between ages and bonded. according to mohamed el-erian, it's not strong fundamentals. he spoke to bloomberg daybreak: americas earlier today. liquidity has been critical. we enter the are hoping that policies and global relations would take is higher on risk assets. policies have generally disappointed, due to what happened on the political side, and the global reflation is not as strong as hoped for. it is there, but not as strong. ultimately, it has been again about liquidity, and liquidity is meant not just that investors have done really great, but even diversified investment having beingtoo much of by invested in bonds, so liquidity continues to be the main driver o

alix steel, carol massar, and matt miller cohosting the boston pops fireworks. boston's historic esplanade for you -- esplanade. juliette saly is standing by. juliette: thank you. banco santander has a month to espanol and banco it expects to report a profit of its .2 billion euros. the price of its 7 billion euro capital raising, selling shares at 485 euros each. executives had told a london court that they will plead not guilty to charges they conspired to commit fraud over a 2008 hundred with qatar. -- fundraiser with qatar. to loansrelates barclays made available to qatar the in a deal that raised 12 billion pounds. the only liquidation of to lenders and progress to recapitalize monte paschi was a turning point for the country's financial sector. also discussing consolidation. >> by the end of this year my we probably end up with less than 140 banks or banking groups active in italy. and the consolidation of the sector is already in place. exclude additional consolidation. consolidation at the european level could he welcome. -- he welcome. juliette: that is

as alix steel, carol massar, and matt miller ready to host the boston pops fireworks spectacular livec as bu esplanade. this is bloomberg. ♪ anna: welcome back. i'm anna edwards. this is "bloomberg markets." the french president used a speech to place the country in a new age of enlightened. he called on parliamentarians to put aside their postmodern cynicism and offer leadership on the global stage. >> it is up to france to take initiative and i want to do it. in the months to come, thanks to the close relationship i have argued established in particular with the german chancellor, before the end of the year everywhere and europe we will launch democratic conventions to reform europe with its core political project and first ambition to unite people. anna: let's bring it to the conversation greg from paris. good to see you. back to the 18th century and age of reason. trying to signal with the speech? greg: i think he is trying to signal a new style of french presidency. he was not outlining measures. that is the job of the prime minister speaking later this afternoon. he will say wha

carol: i am carol massar. you can find us online at businessweek.com and on our mobile app.on, this your company is known for its yogurt. >> 10 years ago, americans did not eat greek yogurt. they come in and they basically -- built thismmigrants company and introduced americans to greek yogurt. they hit a billion dollars in their first year. it is a window into wife big food has problems. denon and you play at the same old, same old. and yoplait had the same old same old. they ran it is some trouble, they both a massive new plant in idaho. there trouble filling orders. they thought they would have to get a new ceo. they have rebounded in a big way. now we get the news that they are going to be taking on dimensional yogurt which is interesting because they have their company around the idea that greek is better. their argument was that traditional yogurt is overly sweet. eat greek. and now they say we have our great problems -- greek products. now they're coming into the bigger market. oliver: you mentioned that chobani zoomed to the front of the pack. who are the competitors

alix steel, carol massar, and matt miller will host the boston pops fireworks spectacular. this is bloomberg. ♪ mark: live from london, i'm mark barton. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." oil is gaining a straight days, the longest streak since december. here to discuss the path of crude and more is a senior strategist with ii trading. bill, you say this short squeeze is not done yet. not done yet. last week we saw a marginal increase in crude oil but we also saw a record short position in all four major petroleum contracts combined. the shorts are still going to get squeezed. think we can think we can run t dollars. aside from that we had some small fundamental [no audio] maybe the tropical storm had something to do with that. we also had rick falloff for the first time in 24 weeks. this will be critical when we get to the oil data. will it stop the rally, kenneth extend the rally? critical time this week. not as many on the floor of the cme as her typically would be. is there a way to take advantage of that given that rates are moving hi

cory: i spent about the entire three hours of my radio show with carol massar, shopping for each otherun of the junk that was available. emily: let's say the unimpressive junk. cory: i bought some of the junk. i hope my kids aren't watching. i bought them chia pets. i got one of barack obama and one that was donald trump. [laughter] emily: that is amazing. on every page, you could see they were emphasizing the amazon echo products, at a very steep discount. the reason is they want subscribers on amazon prime. they want people on amazon platform. they want people using echo. they want people using prime. by doing this event now, it really does prime the pump for the fourth quarter, for the very important shopping days in december. if they can get prime members now, they can get them tuned up for an entire year of spending. emily: interestingly, walmart didn't do anything special. target didn't do anything special. what does this mean for other retailers? cory: there is an amazon effect being talked about quite a lot right now. i think the bigger effect is shopping malls. not so much big

i'm carol massar. this week, a fishy way to grow new skin. '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.

tomorrowo bloomberg where carol massar and matt miller will be cohosting the boston fireworks spectacularoomberg daybreak." i am emma chandra. in the next hour, mohamed el-erian at 9:00 eastern. it has been quite a run for emerging markets. everyave recorded gains month this year for the first time since 1993. we are on a seven-month winning streak. still with us, david kohl of julius baer. what a year it has been. we talked about the surprise being dollar weakness. do you see reason to believe the beentions that have supported in the first half will be there in the second half as well? you can see some chance this will continue. bet on whether the dollar weakness continues. marketpessimistic sentiment is on the dollar. it will be difficult for emerging markets to continue this further. the attractiveness in terms of interest rate advantage is gone in a number of emerging markets. just look at russia. the road word -- reward for the investor is smaller and the risk has not disappeared. we think the risk backdrop is not as attractive as it had been at the beginning of the year. jonathan: t

where alix steel, carol massar, and matt miller will cohost the fireworks spectacular.e in. live from -- this is bloomberg. ♪ francine: "bloomberg surveillance this is "bloomberg surveillance." we are getting breaking, this is --loomberg scoop saying that a pharmaceutical company in germany that mainly does a lot of generics, the chief executive, we understand is set to depart ahead of a likely renewed 5 billion year buyout yield. this is bloomberg news hitting the phones and getting people familiar with the matter giving us that scoop. we will check up on the share price -- if you look at stada gaining around 3%. a very comment on the role-play of private equity in this. are we going to see private equity perms -- firms come into this space? love the area. they are stable cash flow's was pretty good profitability. short-term, you can always jacked up your profit by jacking the prices up. are actuallyies sitting on nearly $1 trillion of unspent money at the moment. it's the biggest number ever, absolutely immense. the pressure on these large funds to do deals is very hi

alix steel was front and stage with carol massar and matt miller.ake us through some of the highlights. quite a night you had up there. alix: it was an unbelievable night. at the esplanade at the charles river, behind me is the hatch shell where all the action took place last night. we had stars and music. carol and matt and i were there. behind me were tens of thousands of people who had lined up to watch this. there were some people who watched the show monday night and stayed overnight to get that front row seat. it was very special. with the partnering boston pops was also a pretty special moment as well. bloomberg the company is all about new ideas, innovation, working together, and that's what the boston pops did too. they are music for the people and by the people. it was a great team effort and a lot of fun. david: you made the connection actually about bloomberg and boston, which is a deep-seated relationship. at the same time, it is something new for bloomberg. we are never done anything like this before, have we? alix: know i have not. i