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 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 is it for us. we will see you next friday at 12:00 new york time. this is "bloomberg real yield." ♪ ♪ mr. buffett: i said, "what do i do with this money?" he said, "investing it is about assigning the right use for the money." i did not want to go to college. my dad wanted me to go to college. i had $175,000. i thought that was all i would need to live the rest of my life. david: did you ever run into that guy again? mr. buffett: he needs protection now. david: when you had your first annual meeting, how many showed up at that? mr. buffett: we had about 12. you have to count my aunt katie and my uncle fred. david: any advice to a young investor who would like to emulate you? >> would you fix your tie, please? david: most people would not recognize me if my tie was not fixed. let's leave it this way. ri

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.

lisa: i'm lisa abramowicz in for scarlet fu. you are training and life on twitter, we want to welcome you to our closing bell coverage every week they from 4:00 to 5:00 p.m. eastern julia: let me show you what's going on with some of the majors today, who are still managing to hold. the nasdaq too, the tech stocks here well and truly outperforming some of the earnings. apple's report this week the one to watch. let me show you what's going on with the banks. they came up behind, they were trading earlier on in the session with comments from our interview with president trump suggesting he was actively looking at perhaps breaking up the big banks. we can see they are still holding in positive territory. perhaps a bigger question for the likes of j.p. morgan and citigroup. other comments president trump made here as well, open to a gasoline tax. that would then be funding infrastructure spending. watch stocks like cbi refinancing here. injury -- energy off 4/10 of 1%. market, government bond we see rates higher across the board ki