to joe stiglitz, to the nobel prize-winning economist.rmeen: the fight over income inequality gained national attention when fast-food workers walked off the job in hundreds of cities across the country on tuesday, demanding a $15-an-hour minimum wage and union rights. some fight for $15 protesters rallied outside the republican presidential debate in milwaukee. during the debate, billionaire donald trump and other republican contenders rejected calls to increase the minimum wage. >> taxes too high, wages too high, we're not going to be able to compete against the world. i hate to say it, but we have to leave it the way it is. people have to go out and work really hard and have to get into that upper stratum. that we cannot do this if we are going to compete with the rest of the world. we just can't do it. amy: we and today with part two of my interview with joseph stiglitz and his plan to address income inequality. he has written a new book called "rewriting the rules of the , american economy: an agenda for growth and shared prosperity.

joe stiglitz has a whole description in his new book.stimulus program from the government in the structure spending. francine: when we are looking here at wage growth in the u.k. and you speak to baruch nielsen, he says wage growth is going up a little bit. inflation is low because people still have purchasing power and that is underlying the recovery. >> it is the same story here. it's that people are spending more money and they are not picking up credit. not spending up, they are spending the fuel bonus. not taking a chance on spending because they are not sure about their income. tom: should we go to wikipedia? we could go to wikipedia on money illusion. on stabilizing the dollar. see how i did that? jimmy wales is making me smarter on money illusion. what am i doing next? ,, on bloomberg michael milken will be on at 7:00. this is very cool. we are looking forward to that. stay with us. this is "bloomberg surveillance." ♪ tom: good morning everyone. city,n pupil new york there is the sunrise, it has daylightecause of the savings

david: that was professor joe stiglitz talking to tom keene and michael mckee on bloomberg.hey arecome, why stepping up the investigation of the in emissions scandal. ♪ david: welcome back to bloomberg markets. i'm david gura. more bad news for volkswagen. a new recallsuing notice. plus, volkswagen failed to report fatal injuries to a database. what is this database? the database is supposed to be all of the allegations of defects that resulted in a death or energy -- or injury that the auto makers know about. it is supposed to let the government or people like us to they happen.efore and honestly if they are not in there, you can't. it is a way to see things developing. david: how did your team crack this? jeff: we'll been looking at this for a year. takata. some stuff for chrysler said, yeah, we were not complying with the database either. just on a whim, we said, let's look at what other automakers might have an issue. we were not expecting to find volkswagen, and we did. and then it seemed that volkswagen have the lowest reporting rate. and then, can we find actual losse

that was joe stiglitz. much more ahead, including aig -- should it break up? ♪ . . .: live from bloomberg's world headquarters in mid-noun -- midtown manhattan, i am betty liu. this is "bloomberg market day." crumpton liverk at the bloomberg news desk. good afternoon, mark. jet: a russian error crashed in egypt yesterday, and the cause of the crash is under investigation. u.s. officials say that terrorism cannot be ruled out. navy investigators have positively identified the u.s. carrier alfaro -- el faro. with 32 sank last month people on board. no survivors have been found. and the chinese government of agrees that an environmental pact should have countries were in new every five years. this is ahead of a meet in paris. president obama has signed that bipartisan budget phil, averting a fiscal crisis. it increases discretionary spending by $112 billion over the next two years. and former president jimmy carter promised he would lighten his work schedule after his cancer diagnosis, but he admits that hasn't happened. the reason is mr. carter says he feels just fine.

withmberg surveillance" joe stiglitz. looking forward to that on radio. all of that is coming up.one, dow futures up 14. dollar-mindy, a little bit weaker today. -- dollar-renminbi, a little weaker today. ♪ david: can the rally keep going? stocks begin a new month after the best october in years. charlie munger unleashed. warren buffett's business partner rips valley and -- rips valeant. and investors vote yes in turkey. what does this mean for president aired again, despite the victory in turkey's future? david: welcome to bloomberg go. i'm david westin. stephanie: we are coming off a big weekend. we brought in a big team this morning. joe weisenthal, and michael purves. david: when you say a big weekend, you mean for you. much bigger than mine. stephanie: it is not because i ran the new york city marathon -- clearly i did not. we are new residence on the upper is