he hit a home run with them today. >> i promised megan murphy we would show her work. the cover of bloomberg where she's the editor drafted ill leg i dubious destabilizing executive order here. megan, have you been surprised at the number of leaks deep internal damaging to the core of the administration leaks which i've heard people say if you're going to go after career civil servants, this is what is going to happen? >> this goes to the chaos within the white house and they are looking to staff up administration, the holes they have and the animosity they have towards the approach they are taking particularly on foreign policy. on this prayer practice, a good time may have been had for all but maybe not the same sount bites. talking about yemen and iran and security risks and people being destabilized by the approach and the media, though, as well does need to really look at itself. this is dominating the 24 hours and arnold schwarzenegger. this is really serious stuff going on and really serious questions being raised about him and yet, we seem to constantly dial it

he hit a home run with them today. >> i promised megan murphy we would show her work. the cover of bloomberg where she's the editor drafted ill leg i dubious destabilizing executive order here. megan, have you been surprised at the number of leaks deep internal damaging to the core of the administration leaks which i've heard people say if you're going to go after career civil servants, this is what is going to happen? >> this goes to the chaos within the white house and they are looking to staff up administration, the holes they have and the animosity they have towards the approach they are take taking particularly on foreign policy. on this prayer practice, a good time may have been had for all but maybe not the same sount bites. talking about yemen and iran and security risks and people being destabilized by the approach and the media, though, as well does need to really look at itself. this is dominating the 24 hours and arnold schwarzenegger. this is really serious stuff going on and really serious questions being raised about him and yet, we seem to constantly di

." ♪ carol: we are with the editor in chief of bloomberg businessweek, megan murphy. u guys look at toshiba, a once mighty company, if you will in japan, but it has come undone. megan: one of japan's crown jewels across electronics, across power, etc., and what is so interesting is they had to take this $6 billion write-down based on the business you could describe as something that people don't often associated with the company, and that is building nuclear reactors. actually in the u.s., across the southern united states, power plants have been beset by problems, not finishing on time, a sort of contractor sort of not well equipped to carry out the building of this. it has really hurt the company. it lost $7 billion of its market cap before this was announced. it is a company in trouble right now. oliver: was this specifically a bad bet by toshiba come are they suffering from that kind of sea change in the industry of nuclear power, which is slowing? megan: they went with an outside contractor building this that did not have a lot of experience in that area, and that

oliver: i talked to megan murphy . said he is the guy that should make it so that there is no fixing required. >> that is a good way of putting it. i think the white house counsel is supposed to keep everything within the bounds of law. carol: kelly conway goes on fox news and does an endorsement for ivanka trumps products. that is a no-no. >> you would have expected the white house to make it clear to staff and white house what they can and can't say about the p businesses. is him up becau the fact that donald trump has maintained ownership, and one would have thought the white house counsel would have taken cautionary measures so something like the kellyanne conway episode would not have happened in the first place. oliver: what authority does he have? checks and balances? or is it mostly an advisory role? >> he doesn't have the authority to call out the national guard or something like that, so i would say he is in the type of role that her lawyer would be in the private world, which is to say you can warn your clie

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

." ♪ carol: we are with the editor-in-chief, megan murphy of "bloomberg businessweek." potential for a china-u.s. trade war and how we should look at it. not as someone stealing our

. ♪ carol: we are here with editor in chief megan murphy.as welike the thinking heard on the campaign trail was just rhetoric and that is not what we will see in terms of policy, but maybe that is not true and that is whirring businesses. megan: we will see this filter through. person who is saying he will do what he said he would do, but then you are surprised because some of these policies were quite strange, and when you look at a muslim ban or extreme vetting or changing that program , the implementation of that policy is such a marked shift with the obama administration. i think what businesses are convulsing a bit, he said he would do it, was very clear, but now seeing it in practice is surprising a lot of people just in terms of the speed. carol: this is why this is the cover story. there are a lot of issues at play. oliver: a bloomberg columnist takes an interesting look, starting off with the immigration policy, the non-financial policy, and points out that so far it seems like and these financial regulations are largely taking a ba

." ♪ carol: we are with megan murphy of "bloomberg businessweek."ou guys take a look at the potential for a china-u.s. trade war and how we should look at it. not as someone stealing our manufacturing jobs, but as china as an economic might. megan: it cuts to the heart of this war of wards over trade with china. it frames it in the proper context. donald trump may be right, saying we need to get tough on china. it is the mechanisms he is talking about and the china he is talking about is the china of old. the china we should be worried about this piece argues coherently and cogently as the china that has identified industries it wants to own as china first. china is about making china great again, tech, manufacturing, industrial. they have identified entire industries that they see developing china number one in product, output, and making these truly chinese -- organically up to be the global, dominant provider. oliver: let's talk about someone at the center of everything so far in the administration. he is the chief white house counsel. in particu

. ♪ carol: we are with megan murphy of "bloomberg businessweek".tential for a china-u.s. trade war and how we should look at it. not

." ♪ carol: we are with the editor in chief of bloomberg businessweek, megan murphy. once mighty company, if you will in japan, but it has come undone. megan: one of japan's crown jewels across electronics, across power, etc., and what is

. ♪ carol: we are with the editor in chief megan murphy. once mighty company, if you will in japan, but it has come undone. megan:

." ♪ carol: we are here with editor-in-chief megan murphy. the business community and donald trump. in davos, you said you thought everyone w b

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

." ♪ carol: we are with the editor-in-chief, megan murphy of "bloomberg busin

. ♪ megan: welcome to bloomberg businessweek debrief, i am megan murphy.n their annual letter, bill and melinda gates outlined their ambitious goals for the coming year. for them, 2017 marks a special milestone. it was 10 years ago when warren buffett gave $30 billion to their foundation. the gift has proven to make a a profound impact. i asked melinda gates why this year's letter is written directly to mr. buffett. who made the decision to write the letter this way and what has been the response behind it? mrs. gates: first of all, and -- first of all, i'm glad we got a chance to sit down and talk. warren buffett has inspired us over the years. tohas written a letter berkshire hathaway, talking to shareholders about the business. he said to us years ago that it might be nice for us to write a letter. and giving that it is the 10 year anniversary of this gift, we thought, let's use that as a marker in time to spend some time, bill and i, reflecting on what have we accomplished. if we were trying to tell him what his return on investment, what has the found

. ♪ welcome to bloomberg businessweek debrief, i megan murphy.n their annual letter, bill and melinda gates outlined their ambitious goals for the coming year. for them, 2017 marks a special milestone. it was 10 years ago when warren buffett is $30 billion to their foundation. the gift has proven to make it a a profound impact. i asked melinda gates why this year's letter is written to rightly to mr. buffett. who mades: -- megan: the decision to write the letter this way and what has been the response behind it? mrs. gates: first of all, and that we got a chance to talk. it's great to be together. it interesting. warren ernest -- warren inspired us for years. he writes to the berkshire hathaway shareholders about the business. he says at some point, it might be nice for you to sit down and write a letter, and given that it is the 10 year anniversary of his gifts, we've been doing this now for several years. we thought let's use that as a marker in time to really spend some time, bill and i, reflecting on what have we accomplished. if we were tryi

that is megan murphy, editor in chief of bloomberg businessweek. check out the story this week. tune into bloomberg television. starbucks ceo howard schultz says that his company is an open book when it comes to tax transparency. highlights from our interview. this is bloomberg. ♪ david: this is "bloomberg markets." i'm david gura. schultzs ceo howard spoke to francine lacqua yesterday about a range of topics from the refugee crisis to his leadership and to tax transparency. criticizingithout any particular person or minutes municipality, sometimes a company like starbucks gets pulled into things that the whole story is not really told. we paid 18 million pounds of tax last year in the u.k. is emblematic of our commitment to do things the right way. i personally believe 100% in transparency, want to do everything we can to make sure there is trust in everything we do. we are an open book. it impact your customers, the perception of tax refugees, do you do it as a ceo no matter what? >> we want to pay fair and a couple taxes, 100% of the time. never do anything else that would ev

here's megan murphy. welcome. >> hi, guys. good to see you.let's play with our food. these are pig skins in a blanket. you can take big hot dogs and cut them up or little dogs if you can find them in your supermarket. roll them up in crescent rolls. >> that's one of my favorite food groups. >> kids are more likely to eat it if they're involved in making it. then you put on the little laces with mustard. my kids hate mustard, you can use ketchup. sugar cookies. you can use footballs or helmets. it's an activity that keeps them busy what i will you're watching the game. >> what are you making? >> a cookie. >> a cookie? now ihi pretty ones ahead of time for the other grown ups. let them have fun decorating. you're watching a game, put a movie on for the kids. make it more fun by creating a popcorn bar. we took these paper bags and i gave them correction tape and turned them into footballs. how much do they love to play with white out. set out some popcorn. put out tasty treats. have them mix it up. >> popcorn party. >> and the cool part is these

anna: that was melinda gates speaking with our megan murphy.arket being held back a little bit, as is the dutch market. unilever, you see at the bottom of your screen, down by 6.5% after the bid by kraft heinz and three capital could not be done. s&p futures is important for the trading day, it is tuesday, a slight move to the upside after the start of u.s. equity trading. of course none of that happening today because of president's day. no u.s. on market trading, either. here is a quick look at the fx market. currency,for the u.k. and the british currency, against the u.s. dollar. and the euro is pretty flat, $ 1.0619. oil prices on the move despite the price being kept down by what is happening on recount and the opec. $53.65 on w t i. mark barton is coming up next to it i am anna edwards. ♪ 11:00 p.m. in hong kong. live in london, i'm mark barton. welcome to "bloomberg markets." ♪ mark: covering stories out of london and munich. unilever after a potential bid by kraft heinz fell apart. this may not be the end of the road for a potential tak