. ♪ carol: we are here with editor in chief megan murphy. global economics, you look at the strain between china and south korea. megan: this, comes from south korea's cooperation with the u.s. building the thaad, a shield designed to prevent a north korean missile attack. china, who is sensitive about border issues, sees it as a security threat and has urged its population to stop traveling to korea. for some areas, that was a huge part of their markets and is having a devastating effect on tourism and business is hit by china's approach. oliver: tell us about that tourism. there are some interesting examples of what chinese tourists do in korea. megan: it is a strange market where people go, karaoke, specific outlets catering to this market of chinese tourists and the strange activities they pursue in korea. these people who built up their entire business say 70%, 80% has declined. one person writes that it feels like i'm staring down a dark tunnel. oliver: yikes. carol: china using the power of it its purse. megan: they goes back to tensi

." ♪ carol: we are with the editor in chief megan murphy. u look at china, specifically an economist who is trying to shut light on the chinese economy. megan: this is a story about an economist who ran into trouble with the authorities and 2012 because he did a study on inequality and found that was higher than economists had forecast and was visited by several members of the administration at the time. what he is trying to do is do this complicated survey of china's wealth, and particularly china's people's wealth. whether they have real estate, what their farms are like, what the agricultural productivity is like in order to generate wealth. in china, a huge swath of the country is agrarian and has not caught up with that development. someone who has faced opposition in his past is looking at what we need to pare back and give the truth about. oliver: let's talk about the opening remarks section, president trump has criticized or talked about dismantling geopolitical institutions. the united nations is one he has criticized and whether or

." ♪ carol: we are here with editor-in-chief megan murphy. you take a look at rex tillerson. n a ceo do the job? megan: what it is talking about is he is facing a different set of challenges. he is facing a state department that was upended. he was cut out of the loop on a travel ban for people from seven predominantly muslim countries. it is an unprecedented situation. so while he is bringing in ceo management techniques, his reception has been quite as positive. him hi the challenge is not what we would expect it. the challenge is getting traction in the administration for a type of leadership style and development of americans foreign-policy. he is still building out his own structure and face time within the administration. oliver: let's move to companies and industries. in the realm of health care and drug prices, you look at one part of it, the middleman. megan: a little-known aspect of how our drug system works, and something that is under tremendous scrutiny with the price rises we have seen for certain drugs, and politicians looking at this practice. these are compani

oliver: all that ahead on "bloomberg businessweek". ♪ oliver: we are back with editor in chief megan murphyout must reads in the magazine. one story looks at a new sort of manufacturing and where people might be up to get jobs. tell us about this story. megan: this addresses one of the critical gaps in the american labor force. when we talk about ringing manufacturing jobs back to america, that sounds well and good. the problem is most manufacturing jobs are mid skill to high skilled jobs which require a significant amount of technical training and engineering work, so what this program looks at is bringing people of who may have been out of the workforce, who may have been working at lower skilled jobs and giving them the training and education they need to secure jobs at plants that have openings, that have openings at many places throughout the south, but are people who have the extra training they need. this is a small group. this is a very experimental program, and so far it is working, but if it can be rolled then this isareas, something that other companies and other states will be l

analysis is is of president trump's address to congress, we talk to ed o'keefe, david rennie and megan murphy. >> i think we have to be honest that this was a good moment for him. he had two objectives last night. he wanted to reset his image with the american people and he wanted to reset his image with his own party. he has some incredly difficult fights ahead to get his legislative agenda ahead. while david is is viet, while we don't know details we do know getting a comprehensive tax tact-- i think in terms of the omission, in terms of where he could have and should have done more, was number one on fleshing out the details of the things that could have been a very easy win for him in i think a bipartisan win. >> we begin with natasha, pierre and the great come et of 1812. >> the core, the thing that brings tears to all of our eyes every night and hopefully audience members as well is i think the essence of what makes people happy and satisfied in their life, is told through these characters in very, very different ways but they ultimately i think by the end of it come to the same conclus

we're back with megan murphy to talk about more somewhat -- more must reads. " blockchain. not easy to understand but thes important and in markets section. tell us about why this is a markets. >> blockchain is one thing you have heard about and is always in the back of your mind. ons story really focuses syria, this part of blockchain. everybodychain and how has secured bitcoin by doing this numbers, every single transaction can be identified by numbers. for blockchain role, they developed a way that is more than just exchanging a currency. the currency is the motivator. can actually exchange contracts, computer programs, and it works, if the a's and b's density than the than 80 and it is still built into the blockchain. important in transformational as instead of just using this, it could be that businesses are looking for a way they can program large parts of their operations by changing these contracts for lack of a better word, between their own systems, other people's systems, and how much of it can automate or simplify and make more efficient there -- business. >> jp

." ♪ carol: we are with the editor in chief megan murphy. you guys look at korea. ere is a lot going on in south and north korea. megan: we have seen the ouster of the first female president, president park. we have seen a corruption scandal, particularly samsung electronics. in north korea, we've face a new wave of concern in terms of what will happen to them internationally, what their places with china flexing their muscles. with that this nuclear threat and with this playing out with the new trump administration, it is all eyes on china and the u.s. and how they will grapple with the north korean threat moving forward. oliver: it is interesting that one piece of this puzzle that is coming undone is the stability in south korea. you talk about the ouster of the president. that is a region that has been a middle ground between two parts of the world. megan: this is south korea par for the course. one of the things this article draws out is that even though we have seen the ousting of president park and samsung being charged with this corruption scandal, this has h

we are here with the editor-in-chief, megan murphy. you guys look

. ♪ we are with the editor in chief megan murphy. you look at china, specifically

. ♪ carol: we are with the editor in .hief megan murphy you guys look at korea. on in south and north korea. megan: we have seen

." ♪ we are here with the editor in chief of bloomberg business week, megan murphy.ke a

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

." ♪ we are here with the editor in chief of bloomberg business week, megan murphy.n global economics, you take a look at the strain between china and south korea. >> this comes from south korea's cooperation with the u.s. on a shield that is designed to prevent a north korean missile attack but obviously china who is very sensitive use it as a security threat and has urged its population to stop traveling to korea and stop vacationing there. for some areas of south korea, it was a huge part of their market. some businesses have been hit by china's approach to their business. oliver: tell us about that tourism because of there is some interesting examples. it is a strange market where people go to karaoke and there are all these outlets catering specifically to the chinese and their strange activities as they pursue in korea. people have built up their entire business and 70% has declined. at the end of the article was person says it feels like i'm staring down a dark tunnel. caroline: china using the power of the purse here. >> it goes back to china's reaction in th

." ♪ carol: we are with the editor- in-chief of bloomberg businessweek, megan murphy. ea. there is a lot going on in south and north korea. megan: we ha sn

." ♪ carol: we are here with editor-in-chief megan murphy. you take a look at rex tillerson.

." ♪ ♪ carol: we are with the editor in chief megan murphy.ecifically an economist who is trying to shed light on the chinese economy.

." ♪ ♪ carol: we are with the editor in chief megan murphy.specifically an economist who is trying to

. ♪ carol: we are here with editor in chief megan murphy. strain between china and south korea.

megan murphy, editor of bloomberg week and the author of "why wall street matters." and an immigration attorney, raul, from a legal perspective, why didn't this go through? the idea was, okay, it is what it is. what do we need to do to get this in? >> that goes to the heart of the problem that the trump d.o.j. faces now. they approach this version 2.0, they tried to go back to the original order and specifically fix all those things. the judge in hawaii, he looked at it and said it doesn't matter he made the fixes, what matters is the intent. unlike the judge in the panel in washington, he was willing to bring in all the statements he made in the past and giuliani made. he was going to bring that in, saying words matter. there's real irony here. when you considerhat these were the words trump, this anti-muslim rhetoric trump used to excite the base and carry him to the white house, they are causing him legal and political headaches. the one bit of good news in the order from hawaii, the judge said these words and statements will not forever taint the administrations

i have to thank my terrific panel, megan murphy, zerlena. i'm stephanie ruhle.e you tomorrow at 9:00 a.m. or all day long on twitter. right now more news with my colleague and friend hallie jackson? d.c. >> right now, we're talking about what happens now after the president laid out his road map for america. but still today, some question marks about where he goes on infrastructure, on health care, national security and basking in the aftermath of that speech. the white house postponing a new executive order on immigration even as that idea gets a standing ovation from republicans. >> it is not compassionate but wreckless to allow uncontrolled entry from places where proper vetting cannot occur. but what will -- >> so, sure, call it a softer tone, but what's really changed policywise today? well, almost nothing at all. and that is just what the white house wants. a president who will keep pushing the agenda that got him elected. an agenda where the outlook is still murky on capitol hill. where they liked that speech? wall street. we have an all-star team. kriste

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

and megan murphy, editor in chief of bloomberg businessweek.he latest issue of the magazine profiles top trump advisor stephen miller. welcome to all of you. we have had 24 hours to digest this speech. david, i want to throw to you first. obviously the president was physically speaking in front of congress but spiritually and psychologically reaching out to his base. what did he say that made them happy? made them know they supported the right candidate? david: that is the right question to ask. i found myself watching the speech and waiting to hear details on how he is going to fund the infrastructure that he talks about. what will be his tax plan? when those the details did not come i realized that people like , us were trying to work out what his agenda is. we are still disappointed. we do not know. how come his supporters who i meet when i go to rallies are so absolutely certain that he is keeping his promises? they are so happy that he is doing what he said he would do. it occurs to me that what is really going on is that we in washington

. >> this item will be presented by john and megan murphy, rod is the lead person for the environmental documents. and megan is the program manager for the contract. >> good morning, directors it is a pleasure to be here, i was going to start off by saying that i am not dennis to present to you. but mark explained that my name is rod, and i am with ae com and i started and have been involved with the project for phase two environmental documents. since it's inaccepting. we got started back in the send of 2012, and we have been in the project for the past four years. i would like to give an up date and in terms of the presentation of the bore members directors are able to see it; is that correct? ? >> and they have hard copies. >> excellent. >> our agenda is divided into four specific parts, the first is to talk about the process, and second is to give you an understanding and the appreciation of the refinements that comprised the project, and the third part is for identify m of the key impacts that were identified in going through and preparing the draft environmental document, and beca

. >> this item will be presented by john and megan murphy, rod is the lead person for the environmentaluments. and megan is the program manager for the contract. >> good morning, directors it is a pleasure to be here, i was going to start off by saying that i am not dennis to present to you. but mark explained that my name is rod, and i am with ae com and i started and have been involved with the project for phase two environmental documents. since it's inaccepting. we got started back in the send of 2012, and we have been in the project for the past four years. i would like to give an up date and in terms of the presentation of the bore members directors are able to see it; is that correct? ? >> and they have hard copies. >> excellent. >> our agenda is divided into four specific parts, the first is to talk about the process, and second is to give you an understanding and the appreciation of the refinements that comprised the project, and the third part is for identify m of the key impacts that were identified in going through and preparing the draft environmental document, and because

megan murphy is the on bloombergef businessweek. rex tillerson, the latest issue of that magazine. saturday and sunday on bluebird. at thent trump's remarks u.s. estoril ford aircraft carrier in newport news, virginia. we will bring you those commas live on bloomberg television and bloomberg radio at 2:30 p.m. eastern time. this is bloomberg. ♪ david: this is bloomberg markets, trump's first hundred days with a focus on politics and the new administration. here is what's on a radar this afternoon. president trump speaking on the aircraft carrier gerald ford in newport news, virginia. tomorrow, janet yellen delivering comments on the u.s. economy. you can look for those at 1 p.m. eastern time. president trump expected to sign a new executive order on immigration next week. we are joined by bloomberg's chief washington correspondent outside the white house. what is happening in newport news virginia? what do you expect to hear from the president this afternoon? kevin: this will be about the budget request to have the $54 billion increase to u.s. military spending for his next fiscal