." ♪ carol: we are here with the editor in chief of "bloomberg businessweek," joel webber. let's start in the business section. a story that is fascinating came out a couple of weeks ago. but it is about a trifecta of individuals, well-known individuals, warren buffett, jeff bezos, and also jamie dimon talking about fixing the health care system. joel: right. the biggest guys around. and this -- the details around this still remained kind of hazy. what will actually be the solution in health care? and how are they going to try to fix this? they're trying to find a ceo still who can spearhead this initiative between the three companies. amazon.com, berkshire hathaway, and jpmorgan. what has been interesting, and where we try to pick up the narrative, is the reaction within the industry. because the health care industry is like, amazon is at the door? this is a big deal now. that is where we picked up. julia: this is not what we were expecting from amazon as a foray into the health care. we should make the point that at the moment they are tackling the situation with their ind

"bloombergon businessweek." ♪ julia: we are back with the editor in chief joel webber, and in the must-readoning in on exxon mobil, sick to death of the climate change lawsuits. it is fighting fire with fire. joel: it is an interesting take. i would call this one a need to know read. what exxon has really done here is change the narrative by going after lawyers. the very lawyers that are suing them, they have turned the narrative and they are going after them. we are talking environmental activists and attorney generals. carol: they talk about the la jolla playbook. joel: the la jolla playbook, that is a term. so what happened is six years ago, the rockefellers, which have a fund, the irony here is the rockefellers were standard oil. standard oil is basically exxon today. so the rockefellers invited a group of people to la jolla, and exxon has pointed a finger at that and said they were conspiring against us. that is the whole essence of this story. carol: so they were plotting against exxon? joel: so some of the legal experts we consulted on this say it is a moonshot, but a bold one. it is

." ♪ carroll: we are here with the editor, joel webber. t start with remarks in asia, that bears close watching. business week has been writing about the debt pile up in china. china has been doing something to get rid of that. joel: this is called the europe the dog. what we will be talking about is deleveraging. the debt pile up in china is enormous. there's been a number of people. for years, people have been calling for, something is going to give. it will be bad for the global economy. all eyes on this in general. where our story picks up on that is talking about, the number is $30 trillion. that's how much we are talking about here. it's massive. the number people pick up on is gdp. what do you do about that? this will be -- deleveraging will be with us is about. julia: still providing credit to companies that they are not concerned about, but they are also cracking down on big corporate's that have been spending. >> it's not even called corporate. it's conglomerate. real estate from years ago, they're selling it off and doing it the

." ♪ carol: we are here with the editor, joel webber.

." ♪ carol: we are here with the editor in chief of "bloomberg businessweek," joel webber.

do like: i actually that cover, very smart on the part of joel webber.ns in the markets. you could argue a weak dollar means the fed has to hike more than expected, but you could also argue the market turmoil means they could slow it down. which cam are youp -- which camp are you? for a bigger move in the dollar than we have had, we are not so concerned about the dollar's move at this point and its impact on inflation and the economy. it's really more the euro strength and what it tells you about a market that is starting to think seriously about ecb hikes next year. the dollar has been -- francine: james, tom and i were in davos, the treasury secretary shows up and says they almost have a weak dollar advantage, or at least that is what they want, what a weak dollar policy. his boss, donald trump, 24 hours later denies it. i have never heard that before. james: they have said a lot of things you have never heard before. i think they want to signal they care about the trade balance perhaps in ways that other administrations in the past have not. i don't b