we welcome jeff solomon,.ys don't offer eight in the -- don't operate in the real estate space. on the institutional level, do you see a race to the bottom when it comes to fees? jeffrey: that has been going on for a long time. people want high quality product at a lower price. if you look at the real contention for active managers that we cater to largely, it has been passive competitors have taken over. they can man a much larger section of the market. those are cheaper products by definition because they are not actively managed. is on active managers to figure out how to generate a performance to beat those benchmarks, but they have to keep their expenses in line. fee pensioners -- pressures across the street will continue. scarlet: is on active managers to figure out how to and make sure they are offering value. lisa: i want to translate this over to the banking sector. there has been a race to compete in the banking sector, particularly in the middle markets area with private equity firms getting more in

yvonne: still ahead as we review the week on "bloomberg best," jeff solomon explains how tax reform andariffs are connected. plus, we are at jackson hole, speaking with four fed presidents about monetary policy and the economy. >> there is no reason to challenge the yield curve at this time. there is no reason. yvonne: next, more of the week's top business headlines. world leaders facing political pressure. australia's malcolm turnbull feels the heat in a leadership challenge. >> it really has been an extraordinary period of political turmoil. yvonne: this is bloomberg. ♪ yvonne: this is "bloomberg best." i am yvonne man. let's continue our global tour of the week's top stories. in greece, the government finally made an exit from its bailout program. >> greece's bailout program ends today, wrapping up a decade of crises that have transformed the country's economy and its people. how can you be sure greece won't be back in crisis? is genuine debt relief the only way to ensure that? >> debt relief is something that can be seductive, but has to be reimbursed. this is just the taxpayers of

jeff solomon joined bloomberg markets for an interview and shared his view that trade policy and monetarye closely linked. >> this administration believes we need to put america first from a trade standpoint. the easiest way to bring partners to the table is threaten them. that is what this administration does. tariffs is the best way to do that. you can see it this week. the chinese are negotiating, even though we have -- people are here, and they are negotiating. how do you create -- tariffs in and of themselves can be an economic drag, so how do you create space in the u.s. economy to impose tariffs? you pass a tax cut, and the tax cut essentially creates the space for you to reimpose taxes in a different form to achieve an objective. i don't think there were a lot of people talking about the tax cuts as a prelude or precursor to tariffs, but when you look at it, it makes total sense to me. we have created space -- the administration has created space to move forward with tariffs without worrying about huge drag on the economy. >> we saw earnings leap because of the tax cut, stock pric

solomon to you. the president saying to jeff mason and colleagues at reuters that he could run the mueller probe. he could run the russian investigation if he wanted to. your reaction? >> my reaction is it is a lot of sound and fury. we all know he is not going to run the mueller investigation. he just wants to divert everybody's attention or get the media talking about it. at some point he will make a decision whether or not he wants to fire mueller or attempt to and will face the consequences of that, but he is not going to run the investigation. i think it is a silly, ridiculous comment. >> his tone and language changed when it comes to the question jeff mason asked him whether he will sit for interview with mueller. it has consistently been i will or i want to. it is up to my lawyers but i want to. now he is echoing guiliani, using the same language, saying this could be a perjury trap, and he said it would be my word against james comey, impa am paraphrasing. he said even if i'm telling the truth, that makes me a liar. fair concern? >> well, i think he is playing good cop bad cop which is a

a break new report from john solomon with a case of real russian collusion connecting the dots between bruce ohr and a russian oligarch. jeff sessions pay attention. cnn lanee davis was feeding the a bag of lice. -- lies. i have a message for fake news cnn. they watch this show because it's more interesting. maybe they need to watch their own network. a strong new economic indicator. more evidence that the economy is blowing it through the roof. plus tracking primary races. moments ago fox news projects that trump ally ron desantis will win the republican primary for florida governor and fox news is projecting that governor rick scott will win the gop senate primary and will be going up against bill nels. the results as we have them. sit tight and buckle up.on. the results as we have them. sit tight and buckle up. our opening monologue. bruce ohr and fisa abuse. i have been on the sources all day and all night people in the room during ohr's testimony. ohr said he understood the steele dossier would have never been accepted in a court of law. 65 pages of notes and texts and meetings between him and christopher steele. he sa

new report from john solomon with a case of real russian collusion connecting the dots between bruce ohr, the doj, and a russian-linked oligarch. robert mueller, where are you? jeff sessions, pay attention. cnn lanny davis was feeding them a bill of lies. he says it's not true. it's completely backtracked about his dreams, claims related to trump-russia collusion. cnn stands by their reporting. amazing. coming up, i have a message for fake news cnn and other media reporters. they watch this show because it's more interesting. maybe they need to watch their own network. a strong new economic indicator. more evidence that the economy is blowing it through the roof. all of that plus we are tracking primary races in multiple state states. moments ago, it was announced that fox news is projecting that trump ally ron desantis will win the republican primary for florida governor and fox news is projecting that governor rick scott, who's done a great job in florida, he will win the g.o.p. senate primary and he'll be going up against bill nelson. we'll bring you the results as we have them. but first, sit tight, and buckle up, time for our jam-packed opening monologue edi