jean paul: yeah.ncine: fantastic. jean paul: i wanted to share with the board the fantastic progress of technology. it is amazing. oh, it looks pure red. i know i don't have any on. >> it is like amy winehouse. i can't help looking at myself. francine: this is amazing because you have to change your research and development. how much of the overall costs goes on actual digital products? jean paul: difficult to say because it is everywhere in every brand in every division, but what i can say is now more in terms of media, one third of all of the media we do now goes on digital. in e-commerce, 7% of sales in e-commerce that we do for digital. it is growing 30% a year, so there is a shift happening, which is extremely fast and extremely strong. francine: the company that invented the platinum blonde is constantly innovating and developing new products as consumer demand changes. at its lab in paris, scientists have studied more than 7000 types of hair and are now experimenting with 3-d printing. the hope

jean paul: not only.e want to create a product absolutely right for them, especially skincare, because there needs, skin aspirations, are different, specific. we formulate in chinese labs and manufacture in chinese factories, and l'oreal paris is the number one beauty brand in china. francine: one of the most popular products is a homemade range of cosmetics favored by the wife of president xi jinping. jean paul: still the number one beauty brand in china, the preferred beauty brand by chinese women is l'oreal paris. it is great because l'oreal paris is the number one brand for chinese, americans, europeans, russians, everywhere. francine: not bad. tell me about your success in china. is it their distribution, adds, through celebrities? what is the attraction? jean paul: the reason for the success is the same, number one quality. our absoluterands priority is the quality and safety of our products, something the chinese respect a lot. it is very important for them. number one, innovation. innovation is ex

still with us, luciana land jean-paul -- luciano and john paul., as you hear comments from morgan stanley and volatility, are we in for a rougher ride as we going to uncharted territory in 2018 with a lot of these macro and micro economic variables? >> i don't think the outlook for -- i think the outlook for 20 is positive and will filter through to a stronger outlook for the middle east and north africa. this region is benefiting from a sweet spot where we have oil prices rising above $60, $65 a barrel. that is giving governments more confidence to undertake fiscal stimulus. we are also not seeing any aggressive tightening out of the u.s. fed, so that is important for the gcc currencies because rates are rising across this region. that will have an impact on economies. this region is going to benefit from higher oil prices, fiscal stimulus, stronger global growth momentum, stronger global trade. 2018 is shaping up to be a much better year than the past. yousef: that sounds very positive. we put up a chart for our clients to get perspective on wha

today, we meet jean paul agon

but my father's heroes were jean—paul sartre or albert camus or other fashionable but deep philosophicalught, i have to be like that. but he never said to me, "you have to be like that." in the end, in those years, i was raised to be a painter, the family, everyone around me, when i went to primary school, said, "oh, he has so much talent, he will be a painter." i thought up until the age of 22, i would be a painter in the future but as i wrote in my book, istanbul, a screw was loose in my head and suddenly i switched from painting to literature but everyone is asking me, was it hard? no, i prepared myself to the solitary life of a writer. i was not prepared to give orders or take orders from others during this 15 years when i was raised to be a painter and ready for the artistic or literary life. it's a life you've chosen which is truly individualistic, very much so, solitary, even. but i come back to this thought about fathers. i seems to me, all orhan pamuk novels work on many different levels and many of them are somewhat allegorical. it seems to me this relationship between the well

. >> joining me now is gabriel sherman and karine jean-pierre and gary sykes. paul ryan meant that to be funny, but this is a tax bill blatantly tilted towards the super rich, not just the rich, but the top 1% it would cut taxes immediately on corporations to the 20%. that's permanent. >> yeah. >> while giving temporary tax cuts to people in the middle but raising taxes on the poor. >> yeah. this is classic donald trump where he was out there in recent days saying he would get killed by this bill. every empirical analysis shows this will be a windfall for him and his family and open donors. there will be second order consequences to this tax bill. now that they got this through, hopefully they'll get it through as they hope through the conference committee, then they don't need donald trump for anything else this is the holy grail that republicans sort of wanted. i will want to see in the weeks and months ahead as the mueller investigation snowballs, we'll start to see them breaking from trump. they got what they wanted which was the tax cut. >> there's been, charli

jean-baptiste right there and the whole band. [ cheers and applause ] >> stephen: that outfit is amazing. you look like you are wrapped for christmas yourself right there. >> yes. >> stephen: i like the turtleneck, it is very paulewman. >> i have got to do it and stay classy. >> stephen: what is happening? oh, donald trump, donald trump as we know our president likes to stay busy looking. and today he held a press conference where he bragged about all of the regulations he is cutting and celebrated with a tweet. in 1960, there were approximately 20,000 pages in the code of federal regulations. today there are over 185,000 pages. today, we cut the red tape. it is time to set free our dreams! >> well, i don't know, i don't know about "free our dreams" but about a year ago, i did send my dreams to live on a farm upstate. they are happier there. and he attached a video of himself in the roosevelt room celebrating by cutting through a giant red ribbon. can we see that from another angle? so on the left there, the bottom left you have got 1960's regulations and the ribbon is a graph showing them rising toward today, but it's also representing government red tape, and an actual ceremonial red ribbon that he is cutting