." ♪ carol: i'm here with the editor-in-chief, megan murphy. feel like this is an issue everyone is trying to get their head around. that is the lack of wage growth. megan: this is a strong piece about something we are deeply fascinated about. american workers, global workers are fascinated about. and that is, why, we see unemployment reaching or touching lows, a full unemployment state, why are we not seeing wages growing faster? traditionally if you have a compression, more demand for workers, we have millions of open jobs in america but we still see stagnant or slow wage growth. and what we are really exploring is this is not just an american , phenomenon, its global. places like japan and the u.k. but, how we can jump start the wage growth. it is difficult to pinpoint to civic reasons why it's happening, but there are measures that can be taken to correct it. carol: they talk about things like advancements in technology, and things you can't rollback at this point. the role of maybe unions and all of this. megan: this is talked about quite a

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

sahil kapur and megan murphy are here. megan, let me start with you.he owner of the new england patriots, and he talked lovingly about his relationship with the president. he wrote, " i am deeply disappointed by the comments made by the president, and a proud to be associated with so many players who make these tremendous contributions. we could learn the importance of working together toward a common goal." how much do you think all of this is going to continue? megan: i am glad you brought up that interview. there is no one the president trust more -- trusts more. that is bob kraft. that statement on how severe he was in terms of condemning the comments and actions of the president, who has been singling out players who take a knee during the anthem as a sign of larger political racial issues they want to confront, that is someone who the president does listen to. know, there is little that was talked about in washington over the weekend. not health care or tax reform. this was on everyone's agenda. people have personal issues with the mixing of foot

cory: that was tim cook with megan murphy. didi constantly expanding in china.will hear how, next. this is bloomberg. ♪ cory: i want you to check out the after hours trading of blue apron. rising, ais bluemay be a sign that apron could be a takeout target. ride hailing giant didi chuxing raised $5.5 billion, one of the largest rounds of funding ever for a tech company. the goal is to bankroll expansion beyond china and into driverless technology. the president gave a presentation at the bloomberg global business form where she highlighted growth and plans for the future. >> 25 million brides take place on didi every day, twice as many as the other markets worldwide. -- rides take place on didi every day, twice as many as the other markets world wide, and we see results coming out of our efforts. there were 25 million drivers who earned income on the platform. cities are working with us to completely redesign their traffic signals and vehicle lanes. as you can see, we have already seen congestion time reduced by 20% to 40% after only three months of work. also, t

julia: that is ahead on "bloomberg businessweek." ♪ julia: we're back with megan murphy. ology section we are talking about this company. facebook. we are focusing on data centers and the tax advantages they get around the country. megan: it is also about a larger issue. that is really something we spent a lot of time on talking about, how companies have fundamentally disrupted the labor force. we are seeing these trade-offs like in this one. facebook has gotten huge tax incentives to open data centers which they need to run their massive servers and rural, disadvantaged communities. we talk about one in north carolina, one in iowa and one in oregon. they have gotten tens of millions of dollars in tax incentives with promises of job creation and training. the actual jobs created are pretty minimal. one of the most fascinating things about this story in particular is part of this data center and not carolina, facebook agreed to sponsor a college forced to train people. this is a fundamental problem in this country. scalebor forces need to up. no one has really taken it. tha

herejoined by megan murphy , and michael mckee. just a quick comment on this, if this is true, a lot of work but we are anticipating being achieved done in one go. -- were is a lot of talk had nancy pelosi speaking this morning, talking about this, talking about coming up with a unified solution. we also had paul ryan, the speaker of the house saying he did not think the democrats proposal to do something to tie harvey to the debt limit was feasible. they wanted something longer, particularly with the debt limit. it is interesting we are seeing this. we will have to get more information on it in terms of where we are in this process. michael: you have got a fiscal clip built in there. when there is not the deadline pressure. it will create an artificial deadline to do something, that the markets will be focused on. julia: let's bring in terry haines, the senior political strategist. great to have you as well. you laying out all the different possibilities of the individual pieces and the likelihood of these things happening, what d

." ♪ carol: we are here with editor in chief megan murphy. a story on synthetic identity theft. d not heard of this. megan: it is a really troubling and quite spooky story about how fraudsters are doing something different than just stealing existing identities. they are actually compiling their own identity. what is so fascinating is it's a long game. this can take months, even years to pay off. they have to keep establishing the identity, keep applying for credit for the ultimately cash out. oliver: it is like a weird ponzi scheme of credit fraud. what is interesting is you guys detailed somebody in the story, the actual degree to which they are able to do this. $340,000 using credit cards. a fleet of vehicles. how does it get so out of control? megan: they basically try to come up with social security numbers they think might be going to be used that have not been used, or they take an existing number. they will use it to apply for credit with no address. the credit card companies frequently reject these applications. but over time with the volume of applications they are maki

what it is like living next to america's number one -- ♪ carol: we are with the editor in chief megan murphyin opening remarks you look at puerto rico. what a year it is in between the bankruptcy, devastation by the hurricane. it is far from over. people cannot even find food to eat. megan: it is a true humanitarian crisis. when it was just the debt crisis and the bankruptcy of puerto rico or the electrical grid or the bankruptcy of what was going to happen with this mass exodus, now people are without water and food and electricity. we are still having the kind of politicking we are seeing in the u.s. over it. we are hopeful, both at businessweek and bloomberg that by calling attention to it that hopefully, perhaps for once in recent times we would wade through the washington quagmire and get help down there. julia: you get a sense of the real devastation of the country. megan: think about that. think about being in the dark. what if you have medicine that is to be refrigerated? your diabetes patient getting access to clean water in puerto rico. it is crazy. but we have is a country that wa

." ♪ oliver: we are with megan murphy to talk about the special theme this week, which is "sooner thanou think." in terms of things you may not be thinking of now, but are than you more quickly might think. we talk about ai, we talk about tech, that would want to talk about lesser-known trends in other parts of the world. we talk about china, and the .esearch of live streaming we talk about some of the challenges facing our urban centers. how you go about mapping, different places where tech is excelling and you are not hearing much about it. so, taking those trends that are known about, and taking them to the next level. reading through the content this week, i was constantly going back and forth between, this is exciting and great, and this is terrifying. megan: i have a two and a half year old, so think of it as a baby being developed, younger than that. an artificial baby, we should say. grafting, motion, learned response, and how quickly that develop -- that is developing is frightening. but we have to look at the profound social, economic, political destruction around the world.

." ♪ oliver: we are here with editor-in-chief megan murphy to talk about the special theme, sooner than think. megan: sooner than you think happens where things you may not even be thinking about now are actually coming up much closer and much faster and you expect. a lot of times we talk about a.i. and tech, but we want to talk about the lesser-known trends. we talk about china and live streaming, the challenges facing the urban centers, mapping where tech is really exhilarating. you are not hearing as much about them. taking them to the next level into spaces where we know it is happening. we just did not think it was happening so fast. oliver: yeah, i have to be honest. reading through the content this week i feel it goes possibly going back and forth between this is exciting and this is absolutely terrifying. megan: one of the covers will be look at a.i., i have a two and a half-year-old so i see a baby younger than that. an artificial baby mapping the human brain and learning emotion and responsibility that is developing is a little frightening. they should give us hope in terms of

phil rubbing kerr white house bureau chief for "the washington post," megan murphy, editor and chief of bloomberg business week. brendan greeley, a contributor to "the economist" and wes moore, retired u.s. army captain and ceo of the robin hood foundation. megan, president trump calls kim jong-un a madman. is this rhetoric, noise or does it change things? >> it's more than rhetoric and noise for this reason. we're seeing a possibly uncontainable escalation at this point, not only in iran but also in north korea. here is the issue. what people are forgetting is there is no room for north korea to really back down. they are already facing economic devastation with the sanctions that were in place. additional tough sanctions will further, further bring that down in terms of what they can do. china with a crackdown about their own banks doing business with north korea. as the economic devastation, large parts of that country completely impoverished as is, there is no choice for him. do we think he's going to be at this point saying i'm going to back down on what i'm doing in terms of te

cory: that was apple ceo tim cook with megan murphy. expanding in china. we will hear how next.his is bloomberg. ♪ i want to check out the after-hours trading right now. blue apron gaining. albertsons announced the aid dealsn of plated, seen as a sign that blue apron could be a take-up target as well. this year, dd raised more than $5.5 billion from investors, scoring the largest round of funding for a tech company. the goal is to bankroll expansion beyond china and into driverless technology. check it out. -- 25 million rides happen on didi every day. very encouraging results coming out of these efforts. driverse 17 million that earn income from didi's platform last year. 20 cities are working with us to completely redesign their traffic signals and lanes. in the tech zone, as you can see, we have only seen conjunction -- congestion time reduced 20% of 40% after only three months of work. , the deepening technology allows us to put more people into fewer cars. 4 million passengers use our carpal products everyday. that alone takes away millions of tons of carbon emissions every

megan murphy joins me from new york. and our washington bureau chief joins us from washington, d.c. megan, we have seen the rhetoric escalate. what are you going to be watching this weekend? megan: i think we have to ignore the rhetoric we see on twitter and people making statements like this that only escalate tensions. want to thisdon't on news of a hydrogen test -- it's alarming indeed. but economic sanctions, yes. that's probably the one positive out of this week with trump. however, they have not been shown to really clamp down. what we need in the region is diplomacy. we need china to ramp up pressure. japan, south korea. we have no indication we are making much progress, and frankly, this rhetoric really damages us. on megan'sg, expand point. yesterday, we had donald trump noting about the pboc having interaction with north korea. .e did not know what that meant new transactions, existing accounts? how wide and severe is this measure compared to everything that has been done so far. craig: are has been a lot of confusion about what the chinese are prepared to do. that there wi

we are going to be talking a lot in theth megan murphy munster, about paul ryan's political future if there is not a major win -- in the months to come about paul ryan's political future if there is not a major win for republicans in december. trump with donald starting to blame him to get the replacement health care bill, reform, this will affect the agenda. have we learned the lessons to get tax reform through? kevin goa no, i don't think they have. -- kevin: no, i don't think they have. secretary mnuchin has said they have tried to correct course on health have care reform to leare right lessons, but point blank, when the speaker is pushing for revenue net neutrality, which is a nonstarter for many of these groups, that is more of a battle line than the border tax that the speaker lost out on. this is just all beginning to get good. megan: you know, irma is coming and we will see how they respond. that is what the american people will be watching. that is what we are watching. that is what the administration will have to focus on going forward. thank you for joining us. for more in

. >> we are camera -- continuing .overage of the forum megan murphy sat down with the apple ceo, timde michael bloomberg. she was asking about social and moral responsibility and apple's's role in that environment. >> my view has always been that people should have values. companies are nothing more than a collection of people. by extension, all companies should have values. as a ceo, i think one of the primary responsibilities is to decide what the bath -- values of your company are and lead accordingly. the thingthing is president kennedy used to say, that originates from the bible is much is given and much is expected. apple had success, some success. feel a responsibility to give back and help in some of society's's greatest problems. so for us, we try to look deeply are government working on and what issues are key to society and we think about the skills we have. nore are some issues we have skills on to we will not realistically be able to help there but some, we will be able to them if i government efforts, working hand-in-hand, or we can pretty much to ourselves. at theas al

megan murphy has in his grace of interview with the ibm chairman -- we will bring that interview to youe at 2:00 p.m. eastern. this is bloomberg. ♪ ♪ vonnie: this is bloomberg markets. i am vonnie quinn. shery: i am shery ahn. special coverage, exquisite access to the o-line lobby group, angry -- all abou will bg the interviews on thursday morning in asia, culminating in a special half-hour program on friday. aba, the global disruptor, do not visit. -- miss it. >> free is not a viable model that patience is. >> everybody has a chance to go digital. ♪ vonnie: beautiful day in midtown manhattan, the september shery: what a great week to be back in new york. new record highs. let's get a check of the major averages. we are seeing them swing between gains and losses. saying we willa see oil demand climbed this year by the most in two years and energy stocks surging is not helping offset losses. the dow is in the green, slightly but almost unchanged and the nasdaq losing. more caution ahead of the fed meeting, next week. vonnie: let's get to the "first word news. here is mark crumpton -- "fi

megan murphy is set down with her about watson's impact on business.n a path to hit about one billion people will have a decision impacted by watson in some way. financial services. it's interesting to watch. some of the biggest banks in europe have adopted it far more quickly to this. customer call centers. you take 350,000 emails a day, you don't just sort them by keyword for urgency and how to solve them. these are sorted by important sentiment of a client, their customers. that is what they use watson for, possible answers. i was saying to megan that financial crimes, you think people spend all the time decisioning. if i'm doing a dossier on money laundering, they could take me five hours to pull the data together. now i get the data and i spend 15 minutes gathering. and i do it. on weekends i was with a big oil and gas company. everybody has this problem. an aged workforce. many industries, i can name many in the room, have this. how do you gather that knowledge? they use watson to do things like safety, making decisions on where to drill, all of

." ♪ carol: i'm here with the editor in chief, megan murphy.yone is trying to get their head around.

the company's revenues fall, but rometty sat down with megan murphy and was asked about watson and ai'scare. >> this is another key point about professional ai. doctors don't want a black-and-white answer, nor does any profession. when you interact with ai, you don't want it to say "here is an answer." what a doctor wants is, give me the possible answers, tell me why you believe it, can i see the research, the evidence, the percent confidence. what more would you like to know? that's really what we are doing. the first cancer took almost a year. we are down to less than 30 days now. by the end of this year, watson will have been trained on what causes 80% of the world's cancers. cory: also at this conference, qualcomm's executive chairman paul jacobs. he says he is still confident acquisition -- he thinks they will still get it at the price that qualcomm is offering, despite calls by some investors to raise that price. >> we are going ahead with the transaction the way that we intended, and that's -- you know, we will see how this plays out. you talk about the regulatory issues as well.

megan murphy speaks with ibm chairman and ceo.takes place at bloomberg tech sooner than you think. summit. don't miss that interview coming up at 2:00 p.m. new york time in 7:00 p.m. london time. arerecord stock prices lurking in corners of the market with one hedge fund billionaire joining the voices of caution. leon cooperman spoke with bloomberg betty liu about a possible market correction. towarde getting closer it in my opinion, but i don't really spend a lot of time forecasting near-term moves. seeing that bull market that seen no signs of ending. it is accelerating inflation. it is a hostile fed. it's the threat of an oncoming recession. one area you can't predict that could have an impact is some significant geopolitical event. in 1962, you had a couple of them with the cuban missile crisis and when president kennedy took on the steel industry. you have the situation with north korea. what happens if they launch another missile and the president elects to shoot it down? it's not implausible, right? >> where are the markets

." ♪ oliver: we are here with editor-in-chief megan murphy to talk about the special theme, sooner than youhi

megan murphy of cnn business week. maggie, it's interesting, tom price getting the we'll see treatment from president trump right now. we'll see if he keeps his job. that's something he said for jeff sessions and what he will do with robert mueller. >> he is really unhappy, the president. this began with the initial instinct with this president in particular, there is a negative story regardless of what the substance is. this is not true. they are out to get us. there is days and days of these stories. the one in particular about his lunch with his son. they irked him enormously. we don't know. people in other administrations have been let go for less. whether he gets the full jeff sessions treatment, that's not the same thing about railing about him. i'm not sure tom price would stay, but this is exactly what the president promised his administration would not be about and would not do. it's hard to describe it as anything other than egregious. >> he said we still have the confidence of the president. tom price feels

herejoined by megan murphy , and michael mckee.ick comment on this, if this is true, a lot of work but we are anticipating being achieved done in one go. -- were is a lot of talk had nancy pelosi speaking this morning, talking about this, talking about coming up with a unified solution. we also had paul ryan, the speaker of the house saying he did not think the democrats proposal to do

he has a few challenges which megan murphy lists on the cover. smart reading.rg pursue this week. this is bloomberg. ♪ ♪ this is bloomberg surveillance. let's talk about central banks. mario draghi speaks today and tomorrow. joe, we were talking about the fact that this is an inflection point for central bankers. how do central bankers react to inflation? can you explain why inflation has been so low despiteful employment? we have a similar situation in europe and the u.s.? joe: the china effect. automation technology, companies are doing a great job managing cost. part of that is the labor cost. inflation is parking up in 2018 and 2019. the markets are starting to sniff that out. as demand rises we need more supply and we will have to pay more for labor. francine: i was going to ask you that. why are markets taking such a long time to see it? joe: there is so much excess liquidity out there. whether it is the federal and off the balance sheet, the bank of japan, the bank of england, there is copious amounts of liquidity. from the corporations themselves . we a

." ♪ carol: i'm here with editor-in-chief megan murphy.

glen thrush, megan murphy and commentary magazine editor john pedoris, a newly minted msnbc political contributor. whoever thought you'd be an msnbc contributor. the times -- >> times are crazy. things are crazy. >> all right. let me just tell our viewers that if the president goes off script and says anything related to any of the big stories we're covering today, we will turn that around or we'll go right back to the president live in indianapolis. but let me start with you, glen thrush. we've got reporting from another network that says the president woke up embarrassed and pissed. that was a quote about losing last night. >> well, i did, too. >> why? >> but only after i found out john had signed on as a contributor. >> you've got competition. but listen. the president, i'm guessing this gnaws at the president on his most basic and primal and cellular level. this guy was a loser. steve bannon beat him and, three, the guy that won was sort of trump before trump. >> well, he was -- look. trump was, to use his own terms, pissed before luther strange went down, before big luther went d

joining januauan and me at the table, jen, former communications director of the clinton campaign, megan murphynd dave hoppy, former chief of staff to house speaker paul ryan. let me start with you and just this idea of bob mueller's investigation -- i hate the term closing in but focusing in at least. there was a list of six white house aides who he was interested in talking to and i wonder from your sources on the hill where you think that probe is and whether this question of loyalty which we know is on donald trump's mind all the time in dealing with members of congress and dealing with his own staff, how do you think that plays into who has the most exposure in this investigation? >> the people on the hill i think are happy to let director mueller do his investigation. he's a person who doesn't have to prove anything about himself. some previous special counsels have had to prove their worth. >> like who? >> you look at what went on sometimes in the '90s and -- they were proving they could get to something. scooter libby, what we had is the guy who was going after the guy who leaked it. tw

. -- brand new megan murphy speaking with one of those leaders, ginni rometty.mentedrefer intelligence. we will need help on important decisions, no matter what they are. not only with the amount of data, but with the complexity of what is out there. it doesn't matter what question you are in read it is this idea that you can help any decision be better. i am reminded of an interesting to stick. studies have been done -- an interesting statistic. studies have been done that when asked what percentage of your decisions are right, what percentage would you guess? 100%, exactly. are great decisions, one third are not optical, and one third are wrong. when you think about that and it isch we have estimated the market of $2 trillion to make better decisions. that is what let us call it cognitive. getting through to people about man and machine, not man versus machine. this is an error that will play out for decades -- this is an era that will play out in decades in front of us. a lot of people know ibm and cognitive from watson. from of people know it jeopardy. can y

all-star panel will kick things off and then we will get to eventually more of the ceo's is her and megan murphyating one of the panels as well. >> tim cook, whom she has interviewed before. the relaunched under business week a couple of weeks ago. headlineset to the with mark crumpton. mark: thank you. as you are mentioning moment ago, a powerful earthquake shook next the city today, the same day a quick caused major damage to the capital 32 years ago. the geological survey says the earth like had a magnitude of 7.2 and you are looking at a live webcam shot now of downtown next the city. the epicenter today was near the town of s 76 miles east of mexico city. at least one building is said to have collapsed and the city has activated it emergency response system. the net -- the mexican president in new york for the yuan general is reportedly returning to mexico city immediately. buildings cost city help preparation drills for the anniversary of the 1985 quake and mexico also hit by another powerful quake over a magnitude eight a few weeks ago. president trump attended a luncheon today hosted by

megan murphy asked him about immigration and the trump administration's plans to end the deferred actionhood arrivals program. we are pushing extremely hard on this. think, the biggest issue of our time currently among all these big issues. this goes to the values of being american. this is, are we human? a track ofng in morality? these people, if you haven't met apple, we have many that came to the u.s. when they were two years old. they didn't exactly make a decision to come. they came here, they only know our country, this is their home, they love america deeply. when you talk to them, i wish everyone in america loved america this much. they have jobs. they pay taxes. they are pillars of their communities. they are incredible people. to me, it would be like someone coming to mike and saying, i just found out you aren't really a citizen. you need to leave. this is unacceptable. this is not who we are as a country. thatpersonally shocked there's even a discussion of this. this is one of those things where it is so clear, and it is not a political thing, or at least i don't see it like t

megan murphy, what are you thinking about? are you kidding me? retirement, forget about it. it. let's go to -- she is never going to retire, taylor riggs. taylor: not happening. a security summit with other european union leaders, talking about a key issue, citizen rights. >> we value the contribution they have made into the u.k., their contribution, i want them to stay, and we have been negotiating on those rights. i also want u.k. citizens in other member states to have their rights guaranteed as well. britain is said unconditionally committed to the security and defense of europe. and --ing to win support i'm doing it only benefits the wealthy. tax billill be a great for hedge fund managers in florida and the descendents of wealthy people. for everyone else, i'm not sure. >> do you think it gets done in 2017? >> i don't think this bill gets done. it says itsaid while will grow jobs, it reduces spending on new equipment. a person familiar with the angry says the white house has begun an internal review of private female by staff -- email accounts five staff. -- by staff. e

this is what megan murphy is doing in "bloomberg businessweek."of mr. zuckerberg and his facebook. we will have more with ellen zentner and her america on productivity. stay with us. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. they save us from gettingones? lost, getting hungry, every branch running like headquarters. and getting tired of places like this. phones changed everything - shouldn't the way pay for them change too? introducing xfinity mobile. where you can pay for data by the gig, and share it across all of your lines. no one else lets you do that. see how much you can save when you pay by the gig. xfinity mobile. it's a new kind