dimon was megan murphy, who joins us now. this idea that we are going to see a different approach to business. are we? i want to.: -- megan: point to a word that jamie used, patriot. he uses that in terms of the expectations he is setting and the expectations he thinks american people will have. whether or not the american people, we have remember this was an election where both the right and the left, both hillary clinton and donald trump and others in the campaign ran a very antibusiness platform, and anti-wall street platform. income equality -- inequality on both sides. jamie and others i think are looking where we are now and the types of legislation we might be able to get through my comprehensive tax reform. at the moment we are we might very well reset it from the legislative side, whether american people will look up and say, that is not exactly what i was looking for when i chose donald trump, that will be interesting. andthan: the personalities talking about the conflict of interest. when jamie dimon talked about so

. >> i want to bring in msnbc political analyst rick tyler, and megan murphy. good morning. rick, i want to start with you. rex tillerson, specifically, how could his ties to vladimir putin and russia impact his ability to get the job done as secretary of state? >> there's two things going on here. rex tillerson, i think, is a tremendous pick. his service at exxon goes back all the way for eight presidents. he's been in leadership in exxon since the reagan administration. he's well known. he has ties throughout the world. exxonmobil is a larger company than the state department itself. however, i think this begins to be emblematic of the problem the trump administration is going to have or the trump incoming administration in the transition with regard to russia. the interview with dana rohrabacher in the last hour is emblematic of the confusion. what is our vision toward russia. i don't think putin can be dealt with. he's not a friendly character. he's not our friend. but we are so tied with russia from hacking into the election, the administration's ties with russia. we st

bloomberg businessweek's megan murphy sat down with j.p.n chase chairman and ceo jamie dimon for an exclusive interview. that will be featured in the "good business" edition of the magazine today. they talk on how automation is changing how we live and work. jamie: technology is the greatest thing that happened to mankind. we would still be hunting buffalo and living intense. agriculture helped specialization. knowledge built on top of each other, with institutions, we went from fire to wheels to steam engines, to these wonderful phones in our pockets. this is the reason that mankind is living today. i am not going to deny the problems we have. my grandfather was born, there noe no cars, no planes, health care. you got sick, you died. now it is 120 years later, and it is pretty good. there is a book called "the better age of our nature," and it examines things like people that were murdered at the hands of the people. that is coming down every century, including last century from world war i and world war ii. in spite of what you read in th

joe: that was bloomberg businessweek's megan murphy with jamie dimon last week.ch the full interview on bloomberg businessweek debrief. a conversation with jamie dimon tonight at 9:00 p.m. eastern only on bloomberg tv. scarlet: a longtime supporter on trump's twitting silo and on rex tillerson as nominee for secretary of state. this is bloomberg. ♪ ♪ joe: longtime doldrums supporter and colony capital founder leaving the donald trump inaugural committee. he spoke with bloomberg and was weets whether trump's t were too reactionary, rather thoughtful introspection. >> i can assure you one thing. this president elect does nothing based on instantaneous temperament. before he tweets or reacts, he has a group of april who have the expertise around him to advise him on the history of that statement. they can say whether he should tweet it or not. he is probably one of the most open to various points of view if you look at his choices in the cabinet. he encourages debate. i think you have a safe and competent set of hands. we are learning a different communication style

. ♪ >> we are here with the editor in chief megan murphy. if you think about the yahoo!acks and the samsung phones, not such great stories but overall it was not of that here. >> it will be one of the seminal pieces. it makes the point we could talk about the samsung phone catching or some of the companies that didn't have a great 2016 but the point is underneath that we have seen things like uber make real advancements in self driving cars. technology and computers ability to advance. under new presidential administration, how technology is really going to step forward and puts itself to come out of the agnostic political staff we have had. we had a responsibility of companies like facebook or other providers. is this going to be the moment where tech have to come out from the need the shadows, politically neutral stance and be forced to really come forward and make a stand. where tech have to come out from the need the>> this is the goods issue over all. >> it has been a 2016 full of surprises in many different ways across the world. i think it is time to step back and

carol: we are here with the editor-in-chief megan murphy. megan, in the opening remarks, you had to take a look at technology. if you think about the yahoo! hacks and the samsung phones, not such great stories but overall it was not of that here. -- it was not that bad of a year. megan: besides those two. it will be one of the seminal pieces. it makes the point we could talk about the samsung phone catching on fire, hacks or some of the companies that didn't have a great 2016 but the point is underneath that we have seen things like uber make real advancements in self driving cars. we have seen sort of technology and computers ability to read speech advance at very accelerated levels. but what it does set up is, under the new presidential administration as well, how technology is really going to step forward and put itself out to come out of the politically neutral stance it has tried to take. is this going to be the moment where tech has to come out from the shadows, sort of politically neutral stance it has tried to take in terms of technol

that was bloomberg businessweek editor megan murphy with j.p.e chairman and ceo jamie dimon. the full interview will be aired on bloomberg tv and featured in thursday's bloomberg businessweek good business issue. still ahead, just days after johnson & johnson walks away, shares of act telly on climbing on reports -- actually in -- actelion to be bought by another company. in a news conference from president obama around 7:15 p.m. london. this is before the president leaves through the annual family vacation in hawaii for the holidays. this is bloomberg. ♪ vonnie: this is "bloomberg markets," on vonnie quinn. nejra: from london, i'm nejra cehic. sanofi is in advanced talks to buy actelion. a deal could be announced as early as next week. joining us is manual the gory. obviously we're hearing this news after j&j walked away from actelion. is how a number of drugmakers have died actelion for years -- have eyed actelion for years. this is an appealing target. does it look like this potential deal has the material to perhaps be successful, finally? >

that is ahead on "bloomberg businessweek." ♪ oliver: we are with businessweek editor-in-chief megan murphye more important issues in the magazine. must-reads. ands talk about the markets the finance section which is about litigating in germany. megan: this is quite common across western europe and the difficulty of pushing forward and it goes into the impediment that you face and run that kind of litigation in germany. it is getting consumers and emissions. this guy running this case and trying to generate more money, one of the biggest impediments that thein germany is lawyers do not get a cut. so, there is no incentive for them to get this huge slice of the settlement fees. we saw the lawyers take 175 million cut. that is not to say they are profiteering, it is just that our system incentivizes consumer harm. the system is not the same in germany and it is not the same across europe. carol: and if you lose, you have to pay the court costs. megan: yes. it is a big deal. carol: the currency has collapsed and created problems in the country. megan: there is a nice chart that talks about hyp

mark: that is a megan murphy and jamie dimon last week. the footage between jamie dimon. tonight at 9:00 p.m. eastern on bloomberg television. julie: coming up, deutsche bank trying to distance itself from president-elect donald trump ahead of his inauguration. he will tell you why. this is bloomberg. ♪ ♪ live from london and new york. i am mark barton. julie: i am julie hyman. this is "bloomberg markets." is,sche bank in the cross this time with a high-profile client, at least currently. president-elect donald trump. at whatoined for a look germany's biggest bank is going to do to rework their nearly 300 million dollars in loans to mr. trump ahead of his inoculation next month. they have had a long-standing business relationship. a contentious one. what is the current status of it and what are the loans for? >> there for donald's various projects, golf courses, the hotel in washington, which is obviously in the news a lot, so these are bona fide big term projects -- big trunk projects. he has been a client of deutsche bank are many years

. ♪ carol: we are with the editor in chief megan murphy of business week.na, they look like they are taking moves that could shore up the steel industry. >> this is one of the concerns, this massive oversupply in the steel market, and even though there has been a concerted national domestic policy to address that collect, it hasn't manifested. on the supply side, they are trying to trim that down. they need that to go down to have the steel price go up to make this supply and demand work for an industry that has been hit hard by massive oversupply. this he's does show that by limiting production, that is having a positive impact and shows signs of progress in terms of bringing that price up and making it more sustainable as an industry. oliver: let's talk about transparency as it applies to our president-elect. megan: good luck. oliver: donald trump will be in washington, d.c., and you look at the conflict. megan: that hotel, it is in a famous building, one of the most prime pieces of real estate in washington dc, steps from the white house and pennsylvania

-- lenght megan murphy: the door he left open. staying put and a big believer in the bank and what he has been doing. he do not close the door to doing a different role in the rm future. when you listen to him, he has friend's narrative about being a page -- he has framed his narrative about being a patriot. he has now ruled himself out of a bigger role. -- guy: if we were to see regulation surrounding you as a banks, what would be the economic -- u.s. banks, what would be the economic output? dodd-frank may not be out of the window. what kind of images would it provide? ellen zentner: anything that helps credit growth in the u.s., access to credit is a big issue for households that want to get credit and cannot. and as a housing market, the regulation from dodd-frank that tightened debt to income ratio, knocked a chunk off first time theehold buyers out of markets. it would be great for them to come back and seek home ownership. we can say it is positive in terms of economic growth and the magnitude is a question. trade deals at

. >> joining me now, editor of bloomberg business week, megan murphy. the good business issue is out right now, perfect timing. so donald trump sits down with these ceos. he wants to get the prices of these planes down. a, do you think he's actually going to get that done? b, or is this just for optics, a show? >> there's a lot about optics, but these ceos are forced in front of america, and as he said, it's a dance. look what he's doing with these ceos. imagine what he's going to do on a foreign policy standpoint. is he going to do this with china and japan and say it's a delicate dance in terms of what i'm trying to extract. don't mistake the power of putting these people in front of cameras to pull back on how much they're going to charge for a new air force one. >> he's doing this while he's not even in the white house yet. i mean, in business week this week, you sit down with jamie dimond, who during the election, he thought hillary clinton was going to win. he is one of the most well-known beloved bank ceos, but that industry has been persona non

megan murphy spoke exclusively with jpmorgan ceo jamie dimon and touched on that subject.e doesn't buy it. in america, you keep hearing productivity is low, secular stagnation, a new normal. it is just not true. we've had multiple wars. we are not educating our kids. we had government shutdowns. failures in the health systems. failures in extreme regulation. that is why we are going slow. it is not the economic model. people are looking for simple answers and sometimes there aren't. all these things are fixable. guy: jamie dimon is not buying it. michael krautzberger is sitting next to me. michael, do you buy it? is larry summers right or is jamie dimon right? michael: if you ask people in june or you look at the market in june, probably everyone was in the larry summers camp. now we had a huge correction in a very short time and maybe some , maybe we go back to normal. i would say there are some very good reasons. oops. guy: don't worry about that. michael: those are more, i would call it cyclical. we had a u.s. change. we had announcement of more fiscal policy, of tax cu

megan murphy sat down with jpmorgan's ceo, jamie dimon, and he struck a positive tone about the u.s. in america, you keep on hearing that productivity is low, secular stagnation is the new normal -- that is just not true. anna: dimon was also asked about trump's pick for his administration. >> a lot of these people are very qualified people or patriots who want to help the country and not help their former company. these are people with deep knowledge that will hopefully do a good job. anna: the full interview with jamie dimon will be aired and featured in the "business week" magazine due out on thursday. let's talk with tim graf now about the u.s. economy. we talked a lot about strong dollar this week in general. you were talking about what that does to the euro. what do we make of the other asset classes in the u.s. amongst all the trumponomics, whatever that means. we've got here a chart of the to against the nikkei to get 20,000. the nikkei has been there before and then some back in the late 1980's. what do you make -- what is the behind how far we are through this equity cycle?

anna: jamie dimon there speaking to megan murphy.the conversation goes in 2017, also interesting where the -- the oil story is topical at the end of 2016 with the opec members and their friends coming up with their deal. commodities are back from the brink and that's what this chart illustrates. raw materials cap their first annual rise since 2010 after gains in energy and metals such copper.and there as toertainty how sustainable it is in 2017, not least of which, one of the uncertainties around the opec question. yusuf: the other factor is of course donald trump and infrastructure spending, that it will create the vortex for demand across the commodities. if there was a crown for the best-performing commodity, it would be a gold crown, theoretically. perhaps it would be a zinc crown. take a look at what's , therming withzinc best-performing metal in 2016, the third-largest gain on record. as not over yet. we had supply shortages and a cut back on mining activity. still seesley further legroom in this rally next year, about 6% above

thank you so much, megan murphy.f you want to read the interview, that is an bloomberg businessweek. also, watch tonight at 9:00. you will see it only on bloomberg television. conflict of interest? deutsche bank scrambling to restructure donald trump $300 million in debt. can they keep these two things separate? this is bloomberg. ♪ david: here's what you need to know right now. the banks weigh in. speaks out on the wave of populism and the need for fundamental tax reform. brian moynihan sees new animal spirits in the board room of his clients. we hear from the leadership of two of the nation's biggest banks. monte paschi on the brink. admitting now it is not likely to meet the deadline for raising the capital. the next step looks like government intervention. trump's new lieutenants. sendsesident-elect a strong signals about where he's heading and it doesn't look like he's backing down. peter navarro to head a new trade counsel in the trump white house. jon: i just can't keep up with these appointments. in theot is

. ♪ we are here with megan murphy. to talk about this week's issue. rst off, jumping into a story that you wrote about, they storm that donald trump tweeted -- trump caused when he tweeted about taiwan? megan: this continues to reverberate is later. we had a call that ended 40 of notf the approach trying to recognize taiwan but trying to bolster taiwan. and trump shows he is not afraid or not going to be reined in. when this initially came out it seems like a pr gaffe. is actually a year-long lobbying effort. we see people close to trump advocating for him to approach taiwan. a tougher stance on china. china immediately came back and was criticized the toilet on their front pages. the respectnk about to china and putting in the trade tariffs, for your big first move to be a diplomatic call a taiwan, it shows people what the administration will look like. --another country in turmoil italy. it isn't just about the political situation. i think the bigger story is what is going on with italian banks? megan: the referendum was interesting in the sense that

. ♪ carol: megan murphy, there are so many must reads. take a deep dive into the french election. >> this is something that has attracted immense scrutiny worldwide. pen likely to face a runoff with the central right candidate. path of here nationalist policies picking up a lot of the things that donald trump has been talking about. tap into thatto working class, improving labor policies, making sure the 35 hour per week work week stays. fascinating thing to see how this global populism is playing out. oliver: what will happen to mexicans in the united states who have to send money home if remittances are held back or taxed by the trump administration? story wherereat looking at, this underground economy. of thetrump eight at one centerpieces that he was going to tax or stop remittances. that is a huge deal. that people who are charging $350 per suitcase to send money back, what the article shows is that they are going to get that money back to their relatives, and how much will unravel. what has been the policy, to have the flows transpa

we are back with megan murphy and there are so many must reads. lection. megan: this has attracted scrutiny worldwide. we see this populist theme playing out in the u.s. and the u.k.. the center-right candidate -- people know her for her nationalist policies, picking up the stuff trump was talking about it in terms of the economic policy, she is trying to tap into the working class, talking about proving labor policy, making sure the 35 hour work week sticks. at smaller government is cutting the corporate tax rate, trying to boost investment. that goes against a lot of the social tendencies. it is a fascinating race to see how this economic populaces pet that is playing out. is playing out. oliver: we're going to figure out how to send money home if remittances are held back or in some way taxed by the trump administration. megan: is is a great way of looking at the underground economy. donald trump made it one of his centerpieces that he was going of thesely stop a lot and put it procedures to vet the legality of people. for we found our people ar

embraced the chance to hit the reset button on their leadership in a wide-ranging interview with megan murphyon populism and changing government. >> a lot of he saw in america and overseas, i want a change. they want a wrecking ball brought to these companies. they were necessarily voting for the people, they want something very different than they have seen. a lot of us are sympathetic with that. we want things to be better. ultimately yet have faxed an analysis and details to make that happen. mark: parsifal interview on bloomberg businessweek the brief tonight at 9:00 p.m. eastern only on bloomberg television. ipo's double and triple in 2018? that's according to greg becker, chief executive of sbe financial. a snowball should washington and wall street failed to cooperate. they serve 65% of u.s. venture firms and half of all vc-backed companies. that is the latest bloomberg business flash. julie: in a surprise twist to one of the biggest potential health deals with biotech company actelion, they have turned back to johnson & johnson for exclusive talks about a strategic transaction. the mo

. ♪ carol: we are with megan murphy.ook at energy, looking at the social cost of carbon, something the obama administration had come up with. is pegged off of looking at donald trump's. put a lot of climate skeptics into the. we looked at how they pegged the social cost of carbon, originally set at 24,000 per metric time and has increased over time. we are tracing the development of that. was an economic estimate of the cost of climate change to society. questioning now is what can donald trump's administration do if they are going to advance policies that would roll back this clean power. what could they actually do? this number is one that many asnomists on both sides see arbitrary, difficult to pay, and something he would not be able to undo, but still underpinning. oliver: another big pic is rex tillerson for secretary of state. , hise politics section relationship with russia. tell us about that. dominated the news cycle since donald trump got elected because there has been so much about whether russia influenced th

. ♪ carol: we are with megan murphy.ou guys take a look at energy, looking at the social cost of carbon, something the obama administration had come up with. >> this story is pegged off of looking at donald trump's. cabinet and waging an sort of what they are going to do. he has put a lot of climate change skeptics in his cabinet, and we have gone back and looked at how they pegged the social cost of carbon, which was originally set at 24,000 per metric ton and has increased over time. we are tracing the development of that. what they wanted was an economic estimate of the cost of climate change to society. how you could pegged that. what people are questioning now is what can donald trump's new administration do if they are going to advance policies that would roll back this clean power. what could they actually do? this number is one that many economists on both sides see as arbitrary, difficult to pay, and something he would not be able to undo, but still underpinning. for a lot of the regulation we have seen the obam

carol: we are here with the editor-in-chief megan murphy.

." ♪ carol: megan murphy, there are so many must-reads! deep dive into the french election. >> this is something that has attracted immense scrutiny worldwide. what is interesting about this is we see this populism theme play out. marine le pen likely to face a runoff with the central right candidate. what is so interesting about this is many know the path of her nationalist policies, picking up a lot of the things that donald trump has been talking about. but in terms of her economic policy, she is trying to tap into that working class, improving labor policies, making sure the 35-hour work week stays. the other candidate is really focused on smaller government, cutting the corporate taxes. that actually goes against a lot among this working-class population. it's a really fascinating thing to see how this global populism is playing out. oliver: what will happen to mexicans in the united states who have to figure out how to send money home if remittances are held back or taxed by the trump administration? >> it is a great story where we a

." ♪ carol: we are here with the editor-in-chief megan murphy.

." ♪ carol: we are with megan murphy.

megan murphy asked first about having been a potential bid for treasury secretary.een quiteve always public about not wanting to be secretary treasury. i love what i do -- i am not ready to do something else, and i think it as a lot of value to america to do what i am doing. megan: there we go her and that is the answer. as recently as september, when whatu were talking about the next administration would be -- and this was before the outcome of the election -- you said it would be difficult for wall street guys to get confirmed. now we look at the landscape that we have a we have several wall street figures, some of whom you know very well, including gary cohn from goldman sachs, rex tillerson from exxon mobil, steven mnuchin. when you look at that cast of people, what are they going to bring that is different? is this a good thing? obviously i was dead wrong about, "you will not see a wall street person in washington any soon," but you have the republicans in charge, and republicans are not antibusiness the way you have seen democrats be antibusiness for years. if

." ♪ carol: we are here with the editor-in-chief megan murphy.

prospect of looser banking rules in an exclusive conversation with bloomberg businessweek editor megan murphyed in the magazine's special good business edition. thepmorgan jeopardized area. how much do you think we lost in the nine quarters after the lehman crisis? $20 billion, $30 billion. we saved 30,000 jobs and in doing so, we helped governments, cities, schools, states, hospitals that probably would have survived but for jpmorgan stepping up. i understand the concept that the american public saw a disaster that was not their fault. generally, it was wall street and washington. they have the right to say we want a safe and sound banking system that does not take down my economy. that does not mean -- it is false to say that therefore all these world and regulations are good. they are unrelated. whenever a bank wants, don't do it. that is not accurate. some of these things, a lot of the things had nothing to do with the crisis, i mean, zero, pet peas ofhe certain democrats to put things in because they did not like it. it has the name of a senator on it, that was the bad part. like barney

megan murphy caught up with the he spokehief where about wall street and washington in the wake of the administration. dimon was potentially pick for treasury secretary. quite publics been about -- i don't think i'm suited to be secretary of terry. i love what i do. do something to else. else. >> that's the answer. when i look now as recently look back wheni you were talking about what you the next the next administration would be. you said you thought it would be very difficult for wall street confirmed and get in. now we look at the landscape we have, we have several wall street figures. some of you know very well, including gary cohen. rex tillerson from exxon-mobile. what do you think they're going to bring to the administration that's different? what's new that they're going to bring. >> i was dead wrong about -- you will not see a wall street person in washington. how a completely upheaval. the republicans are in charge. the republicans have not been the way you've the democrats largely be anti-business for years. i think if you are going to be the president, you should have theb

megan murphy caught up with the banking chief.ollowing the trouble election. jamie: i have always been quite public about i do not think i am suited to be secretary of treasury. i love what i do. i'm not ready to do something else. i think i can add a lot of value to america just doing what i am doing. megan: there we go. there is the answer. recently asas september, you were talking about what you thought the next administration would be, and this is before we knew the outcome of the election. you said you thought it would be very difficult for wall street guys to get confirmed, get in, and now we look at the landscape we have. we have several wall street figures -- some of them you know very well, including gary cohen from goldman sachs, rex tillerson from exxon mobil -- when you are looking at that cast of people, what do you think they are going to bring to the administration that is different? what is new? this is a good thing? jamie: obviously i was dead wrong that you will not see a wall street person in washington anytime

and megan murphy from bloomberg businessweek.the federal reserve decision today, we're breaking down retail sales and more on that breaking story of the goldman sachs succession plan. mike mayo will be joining us shortly. a seven-day winning streak on the dow, an all-time high and staring down 20,000 points. features -15 points, down a marginal 10th of 1%. the bond market big throughout much of the session. yields are up by three basis points. 244 on the u.s. 10 year. from new york, this is bloomberg. ♪ jonathan: this is "bloomberg daybreak." in the markets, we look like this. ahead of the federal reserve decision and retail sales in the united states as well, features are -18. in the bond market, treasury d, the yield is down two basis points. handle.ar-yen is at 114 a weaker dollar ahead of that said decision. the retail sales number drops and comes with the downside surprise at 0.14% for the month of november. the meeting estimate was 0.3%. sales, auto, and gas coming in at 0.2%. for the previous month, dan ward revisions as w

scarlet: that was bloomberg businessweek's megan murphy speaking with jame and -- jamie dimon last weekweek debrief. that airs tonight at 9:00 p.m. eastern only on bloomberg television. ♪ oliver: this is "bloomberg markets." scarlet: it is time for the options insight with julie hyman. me today as mark sebastian, a managing partner at options take. he joins me from the cboe and chicago. great to see you. we have a little bit of a pullback today, it is a holiday week. one of my colleagues noticed it is the first back-to-back declines for the dow since the election. should we take anything away from this? it's the holiday. yes, the holidays. we've had a huge run-up. people are going away for the week. if i was a traitor that had a huge -- trader that had a huge position, give me a great reason to pull along for the next week rather than just enjoy my vacation. bank stocksng the getting sold off. noticeably, retail is getting smoked today. nordstrom's, macy's, a lot of the mall retailers are getting hit pretty hard. but that's another drag on the market. that being said, i would not be sur

carol massar and oliver renick spoke to megan murphy about the story. hat popped out is in the context we're talking about, with china and the global economy. the story really traces how something you don't think that much about, which is when you are eating seafood or shrimp or anything, just the chain it goes through and where the prominence of that is and how things you don't know can get into the food supply. it presents a tale of an economy int is rapidly transforming, a revelatory environment that frankly leaves a lot to be desired in terms of what actually goes into our food. we have u.s. regulars putting tariffs on chinese shrimp, and they found ways to get around it. they continue to. traces through that. i don't know if you would call the loopholes, the ways they evaded regular tory scrutiny, not from a lack of intentional misfeasance, but the very fact of them wanting to get stuff to --and how they want one suppliers major they are fishing and have a robust environment and what happens there. the contrary effect of that is it seeps in and you

here with some creative ideas this morning, good housekeeping executive editor megan murphy.cost a penny. these diy gifts are truly priceless. my kids made this with their fingerprint. fixer print necklac-- fingerpri necklaces with no-bake clay. >> they've been sitting quietly over here. >> not only is it an amazing gift but it keeps them really busy. we made these angels for our d godmother's with the kids' thu p thumbprints. a snowflake for our college baby-sitter. >> i think anything with a thumbprint is instantly more special. captures that moment in time. these are ornaments we made with cookie cutters. this was our christmasd it's one of those things you save year after year. you could hang it on your tree. i'm going to make them. we also did them with excess wrapping paper. this was an aingeal christmas card. this was a little bit of card stock. look what piper's doing. take the cookie cutter, trace it and cut it out. use glitter glue because if you make a mess it is just more glitter. we're doing with some of our friends' christmas cards, too. it is a great hostess gi

megan here now with murphy. first off, and want to talk about a story you wrote about basically as a storm that donald trump tweeted about china and taiwan. tell us about that tweet. call with 40 of diplomatic presidents in terms of approach and not officially recognizing taiwan but giving etc..ilitary support trump shows he is either not afraid or won't be reined in. the most interesting part is when it first came out it seemed like it was an amazing pr gaffe. he did not know what he was doing. the deeper, this is a year-long lobbying effort. we're people who are close to trump have advocated for him to embrace a new tougher stance on china and that is what is important about this poll. china immediately came back and says they were criticized editorial on the front page of their front pages. talking about putting in huge trade tariffs etc.. for your biggest move to be a diplomatic move with taiwan that shows what this is going to look like. drugs another country that is in turmoil, it italy. a big referendum.

. ♪ megan: we are back with murphy to talk about most read stories.t a company there will be doing some teaching abroad for kids in china. it is a great story that shows how entrepreneurs are targeting markets in china. one is chinese parents want their children to learn english and are dissatisfied with the current system and how that is being taught. bys company was set up a chinese woman in america, and she did not like the learning system. she thought it was to region. one of her teachers ripped up a comic book she was reading in class. what she has done is set up this online system where chinese parents can have their kids taught by an american teachers $1500 for 21 classes, cost-effective, and does it in an online module of learning. we profile a teacher who is doing these classes online. 8:00orks from 3:00 a.m. to a.m. and makes the equivalent of $4000 a month, the same she would make as an adjunct at a university. 10,000 toetting 20,000 applications a month. the growth is phenomenal, unbelievable, and kobe bryant invested in it. that is nothin