i am jason kelly. carol: i am carol massar. so listen to us on the radio on sirius xm, and in new york, boston washington, d.c. ,jason: and in london and on the bloomberg business app. trade tensions remain on the rise, an exclusive saying u.s. officials are planning to announce tariffs on chinese exports if talks proved fruitless. jason: here is taylor riggs breaking down the billions of dollars of goods moving between the two countries. taylor: it is not dollar for dollar. we export to china a lot less than we import. i thought a terminal chart would do good. we have the u.s. exports to china, only $155 billion, versus imports, about $.5 trillion. we import a lot more. on thursday, president trump was tweeting about talking with the chinese president ahead of the g20 summit. saying trade talks are going , well, but we never know. carol: we never know, indeed. thanks so much. the question is when the rubber hits the road for the chinese economy. current tariffs are expected to slow chinese gdp growth by half a percentage point

jason: i am jason kelly. are here at bloomberg's global headquarters in new york. carol: in this week's issue, the predatory lending machine crushing small businesses in the united states. jason: the shocking downfall of auto executive ghosn. carol: some stocks have lost over $800 billion since the end of august. jason: that is amazing. putting silicon valley on edge. raising concerns, have we reached peak tech? here is our reporter. joshua: these companies have insinuated themselves so far into our lives, that there is not that much more of a place for them to go. with apple, they cell phones. that is their main business. people do not buy phones as frequently anymore, and there is no reason to buy the new one, because they have gotten so good. jason: and one of the signs that apple may not be as enthusiastic about their phones, they are not going to give unit growth numbers. >> when you tell investors we're not going to give you growth numbers, that is a signal to investors, we don't think we will be sellin

i'm jason kelly. carol: i am carol massar. n listen to us on the radio in new york, boston, and washington, d.c. jason: in the bay area and in london and our app. in this week's politics section, the new nafta is scheduled to be signed at the g20 conference at the end of this month. not about to be become law. house appearstile reluctant to give president trump the win he craves. we look into the long road ahead. >> we're hearing from house john the kratz they don't -- house democrats they do not like what they see, the enforcement measures. for the labor provisions there are new requirements that mexico allow the creation of independent unions. basically, a dress what has been one of the bigger concerns for democrats and labor unions in the u.s., which is the wage gap between mexico and the u.s. the labor unions here argued that if you have more active mexico, they will push for higher wages in mexico and that will close that gap. the second thing is a bigger fight over trade. if you remember back to 2016, donald trump stole t

jason: i am jason kelly. s every day on the radio. carol: you can find us online and on our mobile app. shocking arrest of carlos ghosn over financial misconduct allegations sent politicians and executives scrambling to figure out the future of the largest automaker in the world. carol: we have what it all means 2 -- fouran's decade partnership. >> this guy is larger than life. he's the subject of a manga in japan as a superhero saving the auto industry. in the nissan was failing and years, over the next 20 ghosn took this moribund automaker and turned it into a world beater, or at least a competitor. ison: remind us who ghosn and where he came up from. he came up through michelin. in the carssy figure industry at a time that was facing a edge extensional desk facing and as essential -- facing an existential crisis at the time. >> he came up through michelin and got hired by renault. they sent him to japan to try and fix nissan after they concluded the alliance. at the time, he gave himself a 50-50 chance of s

david: tom barrett, jason kelly, thank you for being here. you can tune into jason on bloomberg radio daily from 2:00 until 5:00 in the evening eastern time. tomorrow, he will be broadcasting live from stanford, the number one business school on the new rankings. alix: did you go to business school? i did not. denise chisholm will be joining us, along with mark cabana, head of u.s. rates strategy of merrill lynch. the rate waiting for decision, tune in starting at 1:00 today. this is bloomberg. ♪ mberg. ♪

i'm jason kelly. carol: and i'm carol massar. n also listen to us on the radio on sirius x.m. channel 119 and on a.m. 1130 on new york, 601 in boston. in washington, d.c. jason: a.m. 9 60 in the bay area and on london d.a.b. digital and on the bloomberg business app. carol: this week's feature section google and the great firewall of china. facebook, twitter and wikipedia, blocked and this is the government of censorship. google decided in 2010 that having to edit controversial links out of search results as the government in beijing requires they decided it was unacceptable. jason: is google now reconsidering that? here's editor max kapkan on the future of google in china. >> the plan was that they were going to make a series of compromises with the chinese government and it's important to say that the chinese internet very different from our internet. if you do business there, you basically have to deal with the government on a continuing basis. and you have to agree to more or less censor certain topics and basically make sure

jason: i'm jason kelly. us for "bloomberg businessweek" every week on the radio from 2:00 to 5:00 wall street time. carol: and you can find us online on businessweek.com and our mobile app. jason: the cover story the results of the u.s. midterms. republicans held the senate but the dems take the house that means president trump will soon be on the receiving end of some pointed questions. something carol he didn't get much of from the g.o.p.-led congress. carol: it will be a different environment. orders backed up by subpoenas for officials to answer questions on controversial policies such as the dispatch of thousands of troops to the u.s.-mexican border. here's u.s. congressional reporter. >> congress has had subpoena powers from the teapot dome scandal but with republicans in 2015 -- carol: got ramped up a little bit? >> they added additional powers for the chairmen, the majority party, to make the decisions on their own and not many cases without consultation with democrats. so now democrats who opposed t

i am jason kelly. carol: i am carol massar. n listen to us on the the radio on sirius xm channel 119, and am 1130 in new york, am1330 in boston, fm 99.1 in washington, d.c. -- jason: and in london, am 960 in the bay area, and on the "bloomberg businessweek" app. carol: in this week's special issue, we turn to the economics section and the european central bank. mario draghi is in his final stretch. but before he ends his term as president of the ecb, he may do something he has never done before -- raise interest rates. jason: undoing more than half a decade of stimulus might come just before his exit at the end of october. here is cristina lindblad. cristina: one of the most anticipated things is the end of mario draghi's term, which happens at the end of october of next year. he will be in that position for eight years by that time. he has not raised rates once in that time. and he actually began by lowering them. so we anticipate that, by that point, at the end of his term, what people are looking at now is what is going on in

. >> i am jason kelly. carol: we have a special takeover issue called the year ahead, at 360 degree view look facing the business leaders in the coming year.it is all ahead of the bloomberg yearly summit in new york city. we will be there. : big scenes in the ahead, the global economy and what to expect. >> we will also talk about trade wars, brexit, and a slowdown in china. ofon: plus, a list to watch publicly traded companies in 2019. carol: and what is next for u.s. politics? it is never too early to talk about 2020. jason: which is why we start with josh green in washington, d.c., the author of the devil's bargain. bloombergeek's businessweek story on the 2020 presidency has begun, making it turkey for democrats. my josh:will have a -- we will have a big clash between the.democrats and republicans to want back the house i am looking at the pressures that will follow the democratic party. they have no toehold in power, republicans control everything, white house, senate, and now democrats have subpoena p

headquarters in new york, i'm jason kelly. welcome to balance of power where the world of allah takes meets the world of business. on the brink today, comments on the latest brexit involvement in london. kevin cirilli in washington on robert others it ongoing investigation. theresa may is now taking charge of the brexit negotiations, a fast-moving story. i've been reading your up dates on the bloomberg terminal. what is the latest? theresa may has promoted a pro-eu politician to her cabinet , slightly changing the balance of power within her cabinet. she has downgraded the role of brexit secretary and said she would take charge of negotiations herself. in a way this confirms what was already the defective situation, but it has been a source of tension because theresa may has been controlling the negotiations but the brexit department has been sort of a bastion of anti-e.u., pre-brexit sentiment. there was always this tension. what theresa may has brought back from the negotiation is something that is basically not particularly

jason: i am jason kelly. we're here in new york. rol: "bloomberg businessweek" has released its 30th annual ranking of the best schools in the united states. the winner, you will have to stick around for that. jason: the search for serious returns in the decade since the financial crisis is setting up some alarm bells. carol: u.s. midterms. democrats taking the house, republicans increasing their senate majority. how the new order will impact the next two years of president trump's agenda. jason: josh green joins us. he is author of "the devil's bargain," and this week's opening remarks. thank you for being with us. help us understand. what changes from here? josh: as crazy as the first two years of trump presidency have been with scandals and crises and party fights democrats have , not had any recourse to stop trump. now they do. toy give some subpoena power trouble have a real adversary. carol: the democrats have the republicans to thank for that. josh: yes. traditionally the majority party in congress has always had subpoena powe

[applause] >> our thanks to jason kelly. that was his interview with jonathan great. >> -- great. dovishou to the interpretations about jay powell's remarks. you can take a look at the markets as they continue their move higher. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >> president trump is in no rush to nominate a new attorney general. he is content with the job matthew whitaker is doin

jason: i am jason kelly. we are here at bloomberg headquarters in new york.we have a special takeover on the new economy. we have to talk about china and india. we are exploring the challenges the world growth engines face as they advance. jason: speaking of trade, the u.s. is raising the stakes. it is said to be premiering more tariffs on chinese imports in december if talks fail. carol: first off, the president

i'm carla, and i'm 1717 alabama, which is the property next door to kelly and jason. we've only been there one year, and kelly and jason have been great in welcoming us to the neighborhood. we had an opportunity to sit down with them and express our concerns and actually brought up three different concerns that we had around the potential noise that was going to cause on our property, since we have a 1.5-year-old baby and another one on the way, and they assured us that that would not be a problem. also, we have another -- probably next to us has already been going under construction, and it's an empty property, so when i compare the project, it's someone new to the property that has a much bigger property versus a family that has been living there over ten years, i feel, like, really bad that we're, like, preventing them from actually broadening their space to accommodate for their family and their mother. the other thing was a turnaround, two windows in our property are going to be blocked with light. we understand that they have a lower property than anyone else on

many thanks to jason kelly. you want to tune into jason for business week every day on bloomberg.g up, lawmakers react to the white house's bid to gloss over saudi behavior after the killing of journalist jamal khashoggi. this is bloomberg. ♪ david: what i'm watching right now is the senate and saudi arabia. the foreign relations committee had a meeting and said they want to hear what exactly happened with mr. khashoggi. the secretary of defense did not show up -- did show up and who did not show up was the ca director. she listened to the tape and did not show up. the settlers went nuts, republicans and democrats alike. bob corker basically said i never thought i would see the day a white house would moonlight as a public relations firm for the crown prince of saudi arabia. that is a republican. said it isnendez who time to send saudi arabia a message. a resolution to say you cannot support the war in yemen anymore. alix: but then trump says what you can give me is lower oil and i will get congress off of that. david: that seems to be the deal. alix: coming up, allianz global inv

jason kelly joins me. retail, when was the last time you shop? m a little bit of a shopper. i have teenage boys who love to shop. my 15-year-old and i sure close. -- share. shopping. of online amazon prime is a big deal. alix: it must be hurting retailers. to getwe are also going a look at wall street from a different perspective, the ceo of morgan stanley later today. alix: find out where he shops. we have a risk off mode developing, s&p futures down by 1%. we had a tech selloff yesterday, now spread to the u.s. s&p futures took another leg lower after target reported. kohl'sy and you of got kohl' coming out. it is a risk off buy safety scenario. the dollar moving higher. euro-dollar off by .3%. if you think buying on the margin, yield lower by two basis points. it improved on its own but not dealing with a stronger dollar well on its own. jason: want to bring you breaking news. softbank to invest $2 billion in saidean e-commerce site, to value that company at $9 billion. softbank at it again. alix: talk about e-commerce. jason: talk about an inv

joining us now is jason kelly, our hea u.s. bureau chie. ing us now is jason turkey, the gift that keeps on giving. we knew it had some problems but this is a billion dollars. >> more trouble out of turkey and for european banks. one of the things, as you pan out a little bit here, you see that this is a story, a turkey specific story for unicredit. this is not the only problem they are having, and they are having the exact same problem that a lot of their peers are having which is revenue is not growing, trying to figure out asset management. i wonder, if i can pose this to tom, you have had experience by distress in europe. our banks a distressed play in europe right now? tom: great question and answer is yes. problem is the regulatory and legal systems. the benefit of america is it is understandable, you have a legal system that works, and quite honestly, in europe, it doesn't. side,ou look at the asset in europe, there is no resolution mechanism. if you have bad assets, what do you do? this is why you have not seen a quick pace of that h

carol massar and jason kelly are with us from stanford. carol: thank you so much. good afternoon.e are here with rob siegel at the stanford school of business. he has a lecture in management. i think about management in today's environment. you take a bunch of courses. what you teaching the student body? rob: i am doing a variety of courses on strategy and innovation and how companies that are blending is little in physical products are having to combine the best of both worlds. that means all companies, right? rob: it is not only startups but a lot of large companies are impacted by the changes in data and software other products, and how they have a relationship with their customers. our students want to understand what to do from a financing, development, marketing strategy. how to they deal with government. even small companies have to deal with these larger issues. jason: one of the draws for students coming to any business school is who will be teaching them. what are they going to be learning. one thing stamford is focused on is having practitioners come in. your team teach

jason kelly joins us. we know where it is but not quite what it is? the most of -- important question for everyone out there is that this is the character played by steve carell in "the big short." [laughter] [applause] alix: if you didn't know from looking at the picture. jason: exactly. shorting two banks in the u.k., but what's even more interesting is that if politics continue down this one path, he says he will short 50. alix: and he's very -- david: and he's very mild about saying that he's a trotskyite. it's really interesting it's really interesting to see investors lining this up. it's obviously going to be a big week for brexit. we are all occupied with midterms tomorrow but we do expect news out of the u.k. tomorrow from theresa may, this northern ireland report is a big deal. partly because it has gone quiet and we think maybe it has gone quiet because they are getting a deal done. jason in could play the movie question right maybe a younger, alive paul newman? -- movie? maybe a younger, live paul newman? [laughter] jason: how about alan a

joining us as jason kelly. art with a serious news -- goldman having a super amazing bet on real estate in queens just as amazon announces its new corners. as headquarters. jason: they did financing to the tune of $83 million in long island city. it is a mile from where at least to be. hq2 is going it can just before amazon is going to make their announcement. there is a reason they are goldman. david: they had a little nudge from the government, these opportunity zones we have mentioned. they were in the new tax plan to encourage investments in lower income areas. they were encouraged by that. jason: absolutely. this makes a huge amount of sense. it is a very good real estate investment trusts on its own. manhattan and the five boroughs of new york city have been fast-growing. even before this amazon announcement. now, there will be 25,000 people or so coming into this area. it is a boom. david: they will make good money on that. they will also do good by not investing in bitcoin. compared the bitcoin bubble to

jason: i jason kelly we are here . at bloomberg's global headquarters in new york. datory lending machine crushing small businesses. jason: the shocking downfall of carlos ghosn. andl: facebook

jason: i am jason kelly. we're here in new york. nessweek" has released its 30th annual ranking of the best schools in the united states. the winner, you will have to stick around for that. jason: the search for serious returns in the decade since the financial crisis is setting up

for more we will bring a carol massar and jason kelly joining us from stanford. son: good morning. we are here in stanford. it is a little early, but we are so happy to have yossi feinberg, senior associate dean, also involved in entrepreneurship here at stanford. that is the key of you guys getting the top spot. tell us how entrepreneurship figures into the curriculum. yossi: it is wonderful to have you here. and obviously, it is great to be ranked number one. >> congratulations. yossi: thank you. entrepreneurship for us is not only a field, it is something we think about holistically as something that captures the mindset of creating new values. it applies in every organization, in every leadership role. this is what we teach and believe in, that our graduates will go on and create new value that will better all of us. spent timeave talking about the world being disruptive, so many industries being disrupted, and that includes education. you have had to adapt and change programs to meet the growing needs of companies. yossi: absolutely. it is not only that tradi

jason: i am jason kelly. we are here at bloomberg's global headquarters in new york. eek's issue, the predatory lending machine crushing small businesses in the united states. jason: the shocking downfall of auto executive ghosn. carol: some stocks have lost over $800 billion since the end of august. jason: that is amazing.

jason: and i'm jason kelly. we're here at bloomberg headquarters in new york. "bloomberg businessweek" releasing its 30th annual ranking of the best business schools in the united states. the winner? you'll have to stick around for that. jason: wall street's new risk machine.

jason: and i'm jason kelly. we're here at bloomberg headquarters in new york.issue, "bloomberg businessweek" releasing its 30th annual ranking of the best business schools in the united states. the winner? you'll have to stick around for that. jason: wall street's new risk machine. the search for serious returns in the decades since the financial crisis is setting off some alarm bells. carol: first up u.s. midte

earlier we caught up with carol massar and jason kelly to find out how big a role tech played in the in the rankings. university's rise in the rankings. >> is definitely plays a big role in terms of here we are in the heart of silicon valley, surrounded by well-known tech giants. entrepreneurship was one of the main indexes used in ranking the nba programs around the country. and stanford is ranked number one for entrepreneurship and networking and ranked number one in another category. but it was interesting. but entrepreneurship is a key part of the component and rankings. >> are they tapping into any new technology. companies seem to be getting on a.i. and data analytics. are we seeing it as well? >> they are investing heavily in that and one of the things that came up in that regard as we have been talking to people here is this notion of corporate entrepreneurship and marrying innovation and sort of the out of two guys in a garage and into the bigger tech companies, whether it's the established tech companies or a more recent giant like a facebook, google and the like. >> and co

coming up, the blackstone president chief operating officer will be speaking with jason kelly. that is at 1:30 p.m. eastern time. live from new york, this is bloomberg. ♪ ♪ there's no place like home ♪ argh! i'm trying... ♪ yippiekiyay. ♪ mom. ♪ i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. this is etf iq. scarlet: cash is king. investors do risk and loaded on cash which means money is flowing into short-term bond funds. with the man whose firm runs mj.

let's bring in jason kelly and carol massar live from the stanford campus. stanford's number one. do you have for us? carol: we have a lot for you, kevin. good to see you guys. business week that a different differen -- different methodology this year. they had four main indexes including entrepreneurship, learning, networking. one thing we have been associate with the dean at stanford is the importance of leadership, which plays so much into the corporate community and washington. is in that when you guys usually are? with a matter for one day and you take over new york? carol: there is a lot going on in washington, you know. craig: that is why we are talking about business schools, to get a break. why is harvard down? i think it will be something people would be curious about. everyone thinks of harvard mba as pretty much the gold standard. jason: the entrepreneurship piece is huge. factors in more than it did before. it's interesting. as we talk to people it is not just about entrepreneurship in the classic two guys in the garage way. it is about corporate. the tech companies a

. ♪ >> from bloomberg world headquarters in new york, i'm jason kelly.balance of power where the world of allah takes meets the world of business. on the brink today, comments on the latest brexit involvement in london. kevin cirilli in washington on robert others it ongoing investigation. theresa may is now taking charge of the brexit negotiations, a fast-moving story. i've been reading your up dates on the bloomberg terminal. what is the latest? theresa may has promoted a pro-eu politician to her cabinet , slightly changing the balance of power within her cabinet. she has downgraded the role of brexit secretary and said she would take charge of negotiations herself. in a way this confirms what was already the defective situation, but it has been a source of tension because theresa may has been controlling the negotiations but the

jason: i am jason kelly. we are in bloomberg's global headquarters.e have a special takeover issue. it is called the year ahead. it is a 365 degree look at the topics facing the business

. >> i am jason kelly.keover issue called the year ahead, at 360 degree view look facing the business leaders in the coming year.it is all ahead of the bloomberg yearly summit in new york city. we will be there. jason

jason: i am jason kelly. we are here at bloomberg headquarters in new york.e a special takeover on the new economy. we have to talk about china and india. we are exploring the challenges the world growth engines face as they advance. jason: speaking of

jason: i am jason kelly. we are here at bloomberg's global headquarters in new york. issue, the predatory lending machine crushing small businesses in the united states. jason: the shocking downfall of auto executive ghosn. carol: some stocks have lost over $800 bi

jason: i am jason kelly. we are here at bloomberg headquarters in new york.week's issue, a special takeover on the new economy. of course, we have to talk about china and india. we are exploring the challenges the world growth engines face as they advance. jason: speaking of trade, the u.s. is raising the stakes.

jason: i am jason kelly. we are in bloomberg's global headquarters.k, we have a special takeover issue. it is called the year ahead. it is a 365 degree look at the topics facing the business leaders in the coming year. it's all leading up to our summit hosted in new york city. we will be there. jason: we will be there.

david: many thanks to bloomberg jason kelly. on boomer business week and bloomberg radio every day at 9:00 eastern time. up, congress returns to washington on tuesday for a lamb duck session. more on what we are watching next. this is bloomberg. ♪ is is bloomberg. ♪ ♪ it is not the midterm election, it is the lame-duck session, aptly named . they need to get some stuff done, believe it or not. december 7, they have to shut down the government if they don't have is running bell. the president needs funding for the wall, they could shut that down. the agriculture bill needs a renewal, it hasn't been done for five years. alix: let to mention, the people who did not get reelected, they will start --. david: they are out of there. , it is interesting , aied in the spending bill subsidy for autonomous vehicles. something in there for autonomous vehicles, which you and i both care about. alix: something for everyone. coming up, we talk to the bank of america merrill lynch head of global commodities research. this is bloomberg. ♪ [ phon

i am alix steel joined by jason kelly. just buy it. jason: by about. tart -- buy ita up.re making a tart. feeling confident? alix: i am feeling confident about pie, not about the tart. jason: you know who is feeling confident? president trump. never lacking confidence. at the latest tweet from the president. he is talking about oil. oil prices getting lower, great, like a great tax cut for the world. enjoy. thank you to saudi arabia. let's go lower. clear,n case you weren't the fed should not hike and oil prices should be low. how the you become an oil bull in that scenario? jason: it is difficult. it follows commentary the president made about saudi arabia, doubling down on the relationship with united states and saudi arabia, speaking directly about the murder of jamal khashoggi, essentially saying it is what it is and that saudi arabia is an important economic ally. alix: like we were mentioning, you would think that headline would tank oil but no dice, it feels like it is a buy everything kind of day after yesterday. euro-dollar up by 3/10 of 1%. andmber the eu coming

jason kelly joins me. david westin is off. let's get like to some earnings.earnings, solid, $.93 a share. outlook, best buy is pretty good. ?re you looking at gold jason: i

jason hughes and kelly versus a zoning administrator. the subject property is 1750 alabama street. appealing the denial on june 13 th, 2018 of a mass reduction variants for proposal to construct a vertical and horizontal -- horizontal addition to an existing single family dwelling with the reduction of only 82 square feet of floor area to be deleted from the exterior of the maximum building area where as a planning code 242 requires the reduction of 650 square feet. this is case number (201)601-2810. on october 10th, 2018, the board voted 4-0 to continue the appeal to november 14th, 2018 to give the opportunity to meet and confer before november 12th . so each party will have three minutes each. do we want to start with the appellant? >> okay. >> thanks. >> good evening, commissioners. i am the project architect. my clients are here along with their 85-year-old mother and their children who are in the back of. as the last commission hearing, the commissioners asked us to review our design to see what additional combinations we could make with the adjacent neighbors who have objecte