the ceo of iac. we have to talk about politics.uest is more of the best-known poetical historians. >> cochairman and cofounder david bruno stein hosted his eponymous show on bloomberg television. sat down to talk about the latest book. leadership in turbulent times. >> explores how presidents lead the nation through crises. in containing some lists for business leaders as well. >> leadership is about human nature and the way a businessman you are politician build a team and makes similarities. are you able to build a teen that has got diverse opinions? people who can argue with you in question your assumptions. bring the team together at critical moments. that is what lincoln did with his team of rivals. what franklin roosevelt did by having eleanor roosevelt on his team. a thorn in his side always willing to question his assumptions and argue with him. speaking truth to power. any teen needs that. whether in business or not. -- wheneverat she she wanted something done she would bring a person who was not wanting -- he did not want

andol: we heard from iac

carol: we heard from iac and karen weaver.

andol: we heard from iac carol weaver. we have a story on presidential leadership in the years passed. -- past. carol: and we have a talk about the year ahead when it comes to investors. group co ceo made through, run something he previously represented to his own investors. >> we have been talking about big data for a while. this is extraordinary. it is hard to figure out. let me give you the tagline we are using to solidify our thinking. we have seen this for a couple years being used more broadly. i am thinking about the impact of data and where we are in the cycle. oil and data has been around forever. the first well was built in 347 a.d. a new era is our ability to gather it and refinement. earlyou get is consolidation. in the early days of oil, we had massive consolidation. getty and rockefeller in the titans of today. you had interesting things happen. valdez changed regulations for oil. we are seeing changing regulations for data around the world. all of that has been surrounded by testimony and scandal. i flash ba

dangerous when it is on the road, we have still got some warnings out from the office amber warnings of iacd, we've seen it fall to the north of the central belt, following in the northeast of england and icy conditions extend down into here. looking at scotland, continuing into the north central belt and icy mix of rain, sleet and snow, southernmost parts of scotland, the whole lockwood turned towards the northeast of scotland, leaving behind something like 20 cm over the hills in central scotland and after that, we'll see some more showers coming into, but these will be over the hills that we suspect that the end of tonight, because it is turning. turning into northern england, freezing rain turned to snow in the northeast of england, you'll see how that wet weather, windy conditions, and gusty conditions of the northwest of england must dwells along the coast with some rain pushing him. note south—westerly coming in, but relatively moderate air but that should clear up by the end of the night. but calming down, we're left with some weather over the hills in scotland, could be a bit icy a

things over the internet, ticketmaster or things like that, and you put them into a company called iacd you know at the time each of these would probably work? barry: oh no, of course i didn't. by the way, many of them didn't. david: but the most successful of them is expedia? is that the biggest one? barry: expedia is probably the biggest. but you know, they, they range from livenation, ticketmaster, match.com. david: so you own this company and it has now become a very big public company, roughly $250 million was put into buy the company's initial that you started with, and today, it is worth $57 billion. barry: more or less. david: that is pretty good. barry: not bad. david: as i mentioned, your stock is up 80% this year. so how are you going to top that in the business world? you can't do much better than you have done. barry: i will find something else to fail at first. david: it prompted you to say if i did this, maybe i can do something else. barry: they came and said they were going to tear down the pier because it was falling apart. and would i be interested in building a new

jason: we heard from -- iac's joeyeard from lever and also karen weaver in the aftermath of the water crisis. jason: and we have a story on presidential leadership in the years past. and what it might tell us about what is ahead. carol: and of course, we have to talk about the year ahead when it comes to investors. and was an essential topic where we start this week. jason: tgp group's co-ceo made a presentation on investment opportunities he sees in 2019. it is a dynamic run through, something he previously presented privately to t gp's own investors. >> we have been talking about big data for a while. to this has gone from hype reality. this is big, this is extraordinary. but it is hard to figure out. let me give you the tagline we are using to solidify our thinking. data is the new oil. the saying is been around for a couple of years and is now being used more broadly. but i am thinking about the impact of data and where we are in the cycle. oil and data has been around forever. the first well drilled was in a.d. in china. what makes it a new era is our ability to gather it and ref

we heard from iac's joey lever and also karen weaver in the

carol we heard from iac's joey :

jason: up next, iac ceo joey levin looks ahead to 2019 in the digital world.and who better to talk about the future of luxury? jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: and i am carol massar. you can also listen to us on the radio on sirius in new york, boston, washington, d.c. jason: and in the bay area and london and on the bloomberg business app. and of course we can't look ahead to 2019 without checking out two spaces that continue to evolve very quickly. digital media and luxury. carol: lots of changes. first up we have got to talk about the digital space. joey levin dug into the price of data and privacy. joey: when we think about data, what we think the most important thing is that the price to value exchange is both one that has the user consent but also passes the smell test. consent can be a tricky thing. >> even people who are relatively tech savvy do not necessarily understand what they are giving up. joey: correct. it is hard to explain in a small set of words what they are

only for -- to makere s that our -- what happened last november, the vote of the people of wisconsin, iacld and we're putting people in front of alitics, buto it's just bad legislation. i made that pitch, and hwas noncommittal. i know publicly he's said in other aren that helans to sign most or all of it. so i'm not particularly encouraged at this point in time. but it's around scott walker's . lega he has the opportunity to us and validate the will of the people that votedmb on no 6. >> did you negotiate with him? did you say, look, i know x is really important to you, i get that. but what's with y and z here? did you go to him and say, look, i really think this part is just crazy. please voe teto that. if you want keep this, get it. >> no. i talked about a few areas that are really importanthat actually republican business leaders have talked about, that would take away power and implicate -- and make economic development much more difficult in the sta of wisconsin, but the entire thing is a mess. it's a hot mess. and i believe that he should veto the entire package. in fact at least th

>>iac okay. >> about whether trump knew beforehand about the trump tower meetings.hose are things i would love to see. but probably ken is right we are not seeing them in the papers now. >> the president's literal tweet storm this morning carrying on about this whole thing, you shrugged your shoulders. does it matter. he tweets things about it. does this public relations battle he and giuliani has been vieting does it help him? with the base, probably. but with the rest of the american people i don't think so. i think they are waiting to see what mueller finds in a -- in the way he has been proceeding, in a methodical, careful, professional way, no leaks, very author o, very meticulous. >> and letting people off who haven't done something or koomting. he doesn't seem vindictive. >> but tough on people who -- not tried -- but said they were going to captor and lied. he has been tough on people who lied >> what do you make -- because you were a member of congress i think this is important. the president's tweet where he said this should never be allowed to happen to a