rnbach,th me is matt ho jim abramowicz, and barrineau. jim, this is your world.alked about what a surprise this was. jim: the market reacted like it was a shocker. but this is brazil. there has always been a bit of a taint around it, and there has always been this massive uncertainty since the corruption scandal which is now about two years old. it began to engulf different people in congress. so, there is always a suspicion that it might reach up into temer, and now it seems like potentially it might be confirmed. lisa: jim, you talk about the market reaction, and i am struck by the sudden possibility of default. take a look at the bloomberg. you can see the blue line is the cost to insure against a brazilian default in the next five years. it is jumping up towards the white line. the white line is argentinian credit default rates. this is shocking to me. remember, argentina has defaulted seven times on its external debt, and five times at its local debt. now we have brazil jumping up to nearly the same levels as the cost to protect against a default in argentin

my special thanks to matt hornbach, lisa abramowicz, and jim barrineau.york, that does it for us. we will see you next friday. this is "bloomberg real yield." ♪ ♪ julia: coming up on "bloomberg best," the stories that shaped the week in business around the world. leaks, tweets, and memos cause chaos in washington and raise concern on wall street. >> they better change here. they are talking the how much you will actually be able to be taxed. >> we could do with less drama i think from the white house. julia: the british government takes a hard stance on brexit. political crises erupt in brazil. and china bets big. >> i believe the u.s. will have to join this effort and join the one

my special thanks to matt hornbach, lisa abramowicz, and jim barrineau.loomberg real yield." ♪ . . ♪ erik: welcome to a special edition of "bloomberg best." i am erik schatzker. 2017 marking anniversary for the milken institute global conference in beverly hills. michael milken started the conference with the goal of getting the best minds from around the globe tackling the biggest challenges. this year, policymakers, tech titans come wall street's biggest power players.

my special thanks to matt hornbach, lisa abramowicz, and jim barrineau.york, that does it for us. we will see you next friday. this is "bloomberg real yield." ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ♪ haslinda: hello and welcome to "high flyers." a show that gives you a 360-degree view of asia's business elite. today, we meet a true visionary who has succeeded in building an ecommerce, ecosystem in southeast asia. he led a team at a time when consumers, retailers, and governments were only just warming up to online shopping. let's meet lazada's max bittner. clothing, cosmetics, and electronic gadgets.

back with us is not back, lisa abramowicz, and jim barrineau.e next week, whatever you fancy, what are you looking for? matt: we are looking for more details on how the fed intends to wind down its balance sheet. are they going with treasuries and mortgages, only mortgages? we will get more details on that and hopefully the pace on which people are expecting that to come down. lisa: people are focusing on the balance sheet. perhaps they will look at the risk factors. perhaps it will come too late for the risk factors. jonathan: how much time is left report is too late for an exit plan? matt: they are looking to get information as soon as they happen, get out your a want to tantrum.ther taper jonathan: there seems to be a consensus on rates. where do you think there is a lack of consensus around the exit of the balance sheet? matt: it is the size that they want to get into and where it will be at the end of 2018. you can go from a $200 billion reduction in 2018 to a $600 billion reduction. lisa: there is a big question about the political backdro

my special thanks to matt horne bach, lisa, and jim barrineau.bloomberg real yield." ♪ ♪ david: so, what did your family think? did they say that there's something wrong with this young man? he just wants to do computers? bill: it was considered a little strange. david: have you thought how much tter your life would be if you got your harvard degree? bill: i am a weird dropout because i take college courses all the time. david: what about steve jobs in those days? what was your relationship with him? bill: we were both there at the very beginning. david: you are the wealthiest men in the world for 20 years or more. is that more of a burden than a pleasure, to be the wealthiest man in the world? >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed. let's leave it this way. all right.