carol: we both love the story that megan murphy did with satya nadella.t empathy in the work lace, empathy and life. it's really important. julia: the importance of empathy in leadership. a man with pretty big shoes to fill as far as microsoft is confirmed -- concerned. more bloomberg television begins now. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motor. ♪ >> ♪ i-d-e-a, ideas ♪ ♪ sculpture is an incredibly dynamic discipline. it has an endless amount of possibilities.

. ♪ carroll: we are here with megan murphy, and let's start with politics.eutral,e most gender equal societies, and they are having a me too moment. >> this is so interesting, because so much of this movement is focused on individuals and bad behavior, outrage, anger. sweden is, as you said, one of the most gender-neutral, equal countries, and has a smaller gap in terms of labor participation rate and the wage gap -- that is amazing. but they are really focus on policies and not so much on the shame of individuals, but on how ment touse this mod implement these policies, but also looking at criminal penalties were sexual abuse, and meaningful, real-world changes. sometimes, we are not as good as taking these moments of outrage and connecting them with meaningful change, and that is what we are seeing in sweden. >> this is fascinating to me, because there seem to be more protections for women in sweden than anywhere else, but you still have this culture of silence and they see all sorts of sectors in sweden, too. >> that is what is so fascinating about it. th

that was the microsoft ceo with megan murphy, live from lincoln center in new york.heir full conversation will air december 23. vonnie: let's check in on the bloomberg first word news. senate minority leader chuck schumer wants his new colleague from alabama to be involved in tax reform. schumer urged republican leaders to delay the vote on tax legislation to allow doug jones time to take his senate seat. >> doug jones will be the duly elected senator from the state of alabama. the governor did not appoint him. he won an election. it would be wrong for senate republicans to jam through this tax bill without giving the newly elected senator from alabama the opportunity to cast his vote. have been reporting, house and senate leaders have reached an agreement in principle on a sweeping tax package, according to a person familiar with the conversations who asked not to be named. the person said lawmakers still need to get a cost analysis of the agreement so it is not definite. minnesota governor mark dayton did not have to go far to find a replacement for senator al fran

kevin: megan murphy? but thet will get done repercussions will lasted a 2018 avilan.his is a moment of reckoning for this party this week. kevin: bloomberg businessweek editor megan murphy and national political reporter sahil shery: we are seeing u.s. stock markets gaining ground. julie hyman is here with the latest. julie: participants are focused on the corporate tax cut. for them, that is a key issue. that is what is sending stocks for their highs of the day as we get these headlines throughout the course of the day. they make it seem like we inching closer to passage of that tax bill. you see the nasdaq is the leader today. a bit ironic because tech companies are not necessarily as beneficiaries of this particular tax bill. the nasdaq doing the best. all three major averages have touched intraday highs. there is something else going on. it has to do with market structure and expiration of futures, options contracts, and index rebalancing. this is a tricky chart to read. it looks at the volume today versus what we typically see for the s&p 500. the average of the

in the debrief, megan murphy sat down with microsoft ceo such a the della -- satya nadella. considerable shoes of bill gates and steve ballmer. megan: this is the best part of my job. with him, i was lucky and had a clear place to start. reading the book was fascinating to me because i highly recommend people read it. it is both a sort of detail about his life, which i don't think people really understand, and immigrant, and with his wife and disabled son. in his book and how he mulled himself to the executive is about empathy, putting up with the epic core of a corporate culture. particularly one that has gone through that. that's what i wanted to talk to him about. and when companies are expected to carry more of a voice. the immigration policy, infrastructure, ai. how do you wield that voice? how do you be that leader both internally and externally? julia: he said the importance of listening, to be empathetic. megan: he is the third ceo of microsoft. he follows bill gates and steve ballmer. that is not easy. he says that when the names were circulating as steve ballmer's

in the debrief, megan murphy sat down with microsoft ceo such as ceo satya nadella. e felt filling the considerable shoes of bill gates and steve ballmer. megan: this is the best part of my job when i get to sit down with dominators like satya. "hit,lished a book called refreshed" and it is a tale about his life. people do not understand where he came from. in his book and how he mulled himself to the executive is about empathy, putting up with -- putting empathy at the core of a corporate culture. particularly one that has gone through what is microsoft. when companies are expected to , how dore of a voice you wield that voice. how do you be that leader. >> you talk to him about the importance of listening. >> he's only the third ceo of microsoft. he follows bill gates and steve ballmer. that is not easy. the reason why i love this book is he talks about how when the names were circulating as steve ballmer's replacement, none of the internal candidates were driving any enthusiasm among employees, including himself. [laughter] carol: he is incredibly candid about the

back with me, megan murphy, editor at bloomberg business week. megan, the regulations, the administration is claiming that they're cutting a ton of regulations, the most in history. >> there's no question they are embarking on a deregulatory program, but the fact of their claims is a little different than what they put forward. they can put as much stacks of paper as they want in front of us. two things, number one, a lot of the regulations that they've taken back or actually dead in the water already or were simply at a process in point of the government machinery that they've moved inactive, they've shelved or pushed back. >> they're inflating the numbers? >> they're inflating the claims. the other thing given in light of that political theater we just saw there, we have a different world between 1960 and nearly 2018 now. you can start from anywhere -- and what is always interesting, regulation framed as a bad thing, as that regulation in and of itself is bad. there is no question there are large sectors of our economy and industry that perhaps

i want to bring in brendan greeley, a contributor to the economist free exchange blog and megan murphy, editor of business week. which you have to see this week. and christine quinn, vice chairman of the new york state democratic party. megan, you first. when you talk to business leaders about this tax plan which is going to become law later today, what are they telling you? >> business leaders are certainly excited about this tax bill. it takes the rate down, as we know when we talk about the transfer to the wealthy under this bill, that's a large part of this transfer and the permanent part of that transfer depose to corporation. one other part talking about carried interest, also remember the pass-through rate is coming down which is how so many small businesses distribute income in this country and that's a huge benefit there. what they don't say is that they are going to increase wages, dramatically expand jobs or bring manufacturing back to the united states. there's something really important that just came through in that discussion and i want to not let it go. the reason jobs

. ♪ carol: we are here with the editor-in-chief of bloomberg businessweek megan murphy. ve this issue and the people you write about. what is the bloomberg 50? megan: this is the first time we have ever done this. when bloomberg thought about it, we thought, who were the 50 people who defined the global business landscape? it is always the same people on this list. when we did it, we thought, what if we did this differently and looked to find the people you have heard of? you are not going to have heard a lot of them, but who really changed the way you think, what you do, how you conduct your life or business and will be trendsetters in the future. we are really excited about the names on this list. julia: two women who defined something in 2017, rose mcgowan and ashley judd, talking about harvey weinstein. a third woman, too, that changed the landscape in media, and politics in 2017. megan: we were looking at this issue and the wave of sexual harassment that has spanned across industries. we are grappling with it. to try and single out anyone was hard, but the recent we

. ♪ carol: we are here with the editor-in-chief of "bloomberg businessweek" megan murphy. gan, love this issue, love the people that you write about. what is the bloomberg 50? megan: we are so thrilled and pleased with this. this is the first time we have ever done this. when bloomberg thought about it, we thought, who were the 50 people who really defined the global business landscape in 2017? when you look at this list, it is always the same people on this list. when we did it, we thought, what if we did this differently and looked to find the people you have heard of? some of them, you are not going to have heard of a lot of them, but in an identifiable way really changed the way you , think, what you do, how you conduct your life or business and will also be your trendsetters in the future. we are really excited about the names on this list and how it has come out. julia: two women who defined something in 2017 and unleashed a wave rose mcgowan and ashley , judd. of course we are talking about harvey weinstein. a third woman, too, that changed the landscape in media, an

. ♪ >> we are here with megan murphy. the lead in the finance section is on bitcoin.e have been talking about the -- about bitcoin so much in the last week. >> other than politics we spend most of our time talking about bitcoin. over the past year, let alone several years, we have not ever seen so much moving in price. this is a staggering statistic. less than 1000 people hold 40% of the markets are going. with the price going up so much, some of the people we know, when one of these big owners, it can cause an extreme drop in price because of the concentration of ownership in the hands of relatively few good what we are looking at with cryptocurrency, forget the broader debate about bitcoin. this is a real problem for the market transparency. a situation where people don't even know who the owners of the queen are. it's not similar to win a big shareholder sells off. it's exacerbating it. >> we will see things like the cme introducing futures on bitcoin. will this increase transparency, liquidity and perhaps reduce the impact? >> that's the hope, that it becomes a mo

. ♪ carol: we are here with megan murphy and i want to start off this week with a story in politics. u have this map that looks at europe and the ground that is gained by the populist radical right. megan: we tried to dissect the myth from the reality of the strength of the far right in developed democracies. there's a feeling that 2017 has been lost in the u.s.. it be back far right leader. and a disparate coalition of the agendas across far right parties. they have stitched together support that is common in the issues that draw them, whether it's immigration, law and order. but they are different in how they act in their separate parts of europe. but we have sound the support is the hyatt's it has been -- highest it has been in 30 years. julia: there is so much optimism in europe right now and that election felt like a watershed as far as populism in europe is concerned. what you have dig down in details is that there is still a lot of support for the national front. we saw it with the amd in germany. shocking results for these parties, even if they are not necessarily in power. th

"bloomberg businessweek." ♪ julia: we are back with the bloomberg businessweek editor in chief megan murphyogy section this week, we answer the question of what happens when you combine fire, a winery and artificial intelligence. megan: we all know about the wildfires in napa. they destroyed vineyards. this focuses on a particular vineyard, a boutique vineyard. they managed to save what other vineyards lost because they use this technology, i wrote it down, it is fermentation intelligence logic system. the workers could check on the grapes and the wine, this automated system did it for them and was able to save them from wildfires. julia: it has been online since 2014 but it had never run on its own. even when it was operating, they weren't sure if it would save the wine and operate the takes -- the tanks successfully. megan: and if you get one little thing wrong, the entire thing is spoiled. they invested millions in this system. they are a small producer, but he has a technology background, and he brought this into his vineyard. it is rolling out to bigger producers like ernest and julio

this week in new york, megan murphy sat down for a special debrief interview with the microsoft ceo. at the company for a quarter century and reflected on the challenge of changing the culture when he became chief executive officer. >> to me, i felt we needed a new metaphor for how to talk about this culture. with the tremendous success we had, we perhaps were more -- and we needed to say -- where do you reframe? i got some inspiration from carol and the work she has done. i read that book more in the context of my children's education. i realized the concept of confronting their own fixed mindset is not just did for boys -- good for boys and girls in school, it is good for ceos and companies. we have adopted this growth mindset as the means that at least we want to have inside of the company to talk about culture. megan: you are also very candid in talking about changing be fixed mindset about some of the parts of the business where you felt it had fallen behind. you talk about the cloud. tell us how fundamental that process has been about pushing the company forward as the cloud co

julia: all that still ahead on bloomberg businessweek. ♪ julia: we are back with megan murphy and we hnology section. one of my favorites this week, elon musk has a challenger. megan: he does have a challenger moving into the big rigs market. here in the u.s.. julia: he says that with such enthusiasm. megan: i always wanted to be a trucker growing up. there is a tremendous amount of attention in the market. tesla rolls out there electric trucks and to much fanfare. just down the road, there is a has aguy named dakota who prototype of the et one, his startup in this as well. he is so funding it. it's -- self funding it. they admit less, they are cleaner. they will be cheaper. that's the interest that so many fleets are looking at. they are also coupled with limitations. et1 only has a 30 mile radius. there are challenges, but every time we underestimated elon, he exceeded expectations with so much money and interest. it is interesting to see arrival close to home who has high hopes to compete. carol: it's interesting he comes out of a family business and a vineyard. megan: it's interes

." ♪ carol: we are here with megan murphy, let's start with the back of the magazine, peter metcalf. gan: i'm excited we are starting with the game changer, because we don't focus on a lot and it is focused on people doing things you should know about. a little known fact about me, i am a former big time alpine mountaineer. carol: are you serious? who knew? megan: in the mountaineering community, they are primarily known for very technical products. so you don't fall off the mountain. peter is particularly interesting, he has used his position, he stepped down in 2016 from the company, but he used his position and the outdoor industry to motivate them around issues that are important. this is our good business issue, we want to highlight people doing things that tie-in to their position in the business world, maybe it is a political point of view, things they think are worthy of society. julia: he was lobbying against the stripping back of federal protections for land. this is a huge industry. it cannot be understated. megan: it cannot be understated. this is before president trump an

. ♪ carol: we are here with megan murphy and i want to start off this week with a story in politics. u have this map that looks at europe and the ground that is gained by the populist radical right. megan: we have took an in-depth look at trying to dissect the myth from the reality of the strength of the far right in europe. there is a feeling that twice 17 -- that perhaps 2017 has gotten lost in the u.s. because the president and some of his agenda, but there was a time when emmanuel macron beat back the national front and came to an election and also what we saw in the netherlands, which beat back the challenge in a far right leader. we have seen this summit in the far right europe. that has proven not to be the case. through a disparate coalition of the agendas across far right parties they have stitched , together support that is common in the issues that draw them, whether it's immigration, law and order. but they are different in how they operate in their reset -- respective parts of europe. that make no mistake, we have found the support is the highest it has been in 30 years.

"bloomberg businessweek." ♪ julia: we are back with the bloomberg businessweek editor in chief megan murphyology section this week, we answer the question of what happens when you combine fire, a winery and artificial intelligence. megan: we all know about the wildfires in napa. they destroyed it so many people's homes, and destroyed an immense amount of vineyard acreage, and what this story really focuses on is how a particular vineyard, it a boutique wine producer which makes about 10,000 barrels a year, actually managed to save what so many other vineyards lost. they used this technology called -- i wrote it down, because the nickname is felix, but it is fermentation intelligence logic control system. in the absence of workers, it would check on the grapes and the wine, this automated system actually did it for them and was able to save them from wildfires. julia: it has been online since 2014 but it had never run on its own. even when this thing was operating, they weren't sure if it would ultimately save the wine and operate the tanks successfully. megan: absolutely, and as you know ha

shery: megan murphy speaking with tom barrack.aking of tweeting, the president tweeting again this morning on healthcare, predicting a deal next year. joining us to talk about that and the items on the congressional agenda for 2018 is steve dennis, congressional reporter with bloomberg news. he's joining us now from washington. steve, let me first go to the tweet itself. this morning, president trump saying that a very unfair and unpopular individual mandate has been terminated as part of our tax cut bill, which essentially repeals obamacare. democrats and republicans will eventually come together and develop a great new healthcare plan. what exactly is the president talking about right now? is he referring to the alexander murray on bill on insurance markets? is that going to be the backbone of a new package? >> yeah, i think it's a nod to moderate republicans like susan collins who have been calling for this kind of bipartisan approach for the past year, and so far has not really gotten anywhere. susan collins in return for her

bloomberg's editor megan murphy has more on that.id there's a lot of screaming going on. >> it's going lead to some consternati consternation. >> and many republicans are saying ignore that report, ignore that report, the report is wrong. this was supposed to help the middle class. who does this help? >> there's no question it's a massive transfer. you can look through any of the provisions in terms of taking the corporate rates down. we could go on and on. the problem they nace now is two fronts. one is on a independent projections show it's not going to be able to pay for itself. only taking gdp up at a projected 0.8% over the next ten years. that's not nearly enough to pay for the bill. on a theoretical bill they just don't believe what we call trickle economics that it does enough to stimulate economic growth and, in fact, doesn't address the kun um drum, that wages just aren't rising fast enough. >> so a major selling point for the supporters of the plan is the cut in the corporate tax rate and ceo of pepsico la said they would

table, jen palmieri and bret stevens, "new york times" op ed columnist and msnbc contributor and megan murphy, editor for bloomberg businessweek. ken dilanian, let's start with you and your piece today. some extraordinary reporting that now allows us to dispense with the notion that, one, donald trump wasn't made aware of just how aggressively the russians were pursuing both campaigns, not just his, but his and hillary clinton received the same briefing based on your reporting. but a new sort of chink in the timeline now. everything that happened after this briefing was done with the explicit knowledge that the fbi had warned them. and if you lay it up against testimony that we now know from brennan and others, the law enforcement and intelligence community was very much onto the trump campaign and their constant contact with russians. >> well, that's the interesting thing about this, nicolle. you had two things going on. right around the time of this briefing, which we believe was timed to trump's first intelligence briefing on august 17th, right around that time, the fbi was just starting u

bloomberg "business week" editor megan murphy is with us for more.consternation. >> many republicans are saying ignore that report, the math is wrong. but this was a bill that was expected to be deficit neutral, supposed to help the middle class. who does this really help the most? >> there's no question that this bill in its present form in both the senate and the house is a massive transfer to the wealthy. you can look through any of the provisions in terms of taking the corporate rate down, the individual rate down, we could go on and on. the problem they face now is on two fronts. one is at a prkt cal level as we discussed. their own independent projections show it's not going to be able to pay for itself. in fact, it's a trillion dollars short over the next ten years. and only taking gdp up projected 0.8% over the next ten years. that's not nearly enough to pay for the bill. on a theoretical level, they face the problem that so many economists just don't believe that what we call trickle-down economics, cutting the top rate of tax for corporatio

scarlet: megan murphy, thank you so much. a well-rounded conversation on all things washington. it is time for the bloomberg business flash. julia: a look at the business stories. they are looking for a buyer for their stories in spain and portugal. an company is offering agreement for $472 million. which allows the buyer to vacate the property after five years. officials say the move is partly to strategize, but did not confirm the price. beenal executives have suspended on allegations of sexual harassment from former stylists, the nfl network has suspended hall of fame running back marshall faulk. former nfl network executive producer, eric weinberger has also been suspended from his role at the media company. donovan suspended mcnabb and eric davie from appearing on its network during investigation. the investigations include groping, sexually explicit comments, and nude photos. it was filed in a los angeles superior court. your business flash update. it is never-ending. scarlet: for more on that exclusive reporting, diversity reporter jordyn holman joins us with more. this i

to megan murphy and michael mckee. michael will join us with an exclusive interview with robert kaplan, federal reserve president in dallas. later, we will get more insight from the fed when we hear from neel kashkari, the federal reserve bank of minneapolis president at 8:00 p.m. -- 8:00 a.m. in new york up next, markets. lots of different opinions about what the tax overhaul may mean for markets. we will hear from bml chief -- bmo chief investment strategist, brian belski. this is bloomberg. ♪ ♪ emma: this is "bloomberg daybreak." talks tois in advanced buy dole food's. they secured appropriate financing, but no assurance there will be a deal. dole may be valued at $2.3 billion including debt. two major engineering and construction companies will combine. mcdermott in eventual -- international -- both companies focused on the energy industry. facebook is rejecting a finding by german antitrust investigators that it is "dominant." it will not allow it to "create products" and force people to use them. david: thank you

megan murphy, thank you so much for bringing us that list.ook ettrick you are sticking with -- david kirkpatrick, you are sticking with me. coming up, alexa is heading to the office. amazon plans have voice technology incorporated into the workplace. this is bloomberg. ♪ emily: instagram has reached another milestone. more than 25 million businesses have accounts on the social network. keep in mind in july, it only had 15 million profiles. amazon's alexa technology could be coming to a workplace near you. the company announced its voice activated tool will handle common office tasks. alexa business will allow users to begin a videoconference or print documents among other functions. david, what do you make of alexa moving into the workplace? david: first of all, let us knowledge amazon's extraordinary ambition and continuing ability to execute in more places than we could possibly imagine. that said, i think it makes perfect sense. it's almost inevitable. the biggest battle in tech going forward is intelligence assistance that is generally go

editor in chief megan murphy ceo can't and if should play in civic leadership. >> all companies shouldeo, one of your primary responsibilities is to come up like with the valleys of with your company is and leave accordingly area the other -- accordingly. the other thing is, the thing president kennedy used to say that originated from the bible, much is given, much is expected. and so wehad success feel a responsibility to give back. to help in some of society's greatest troubles. and for us, we try to look issues ourhat government is working on, what issues are key in society, and we think about the skills we have. there are some issues we have no skills on. but there are some that we can really amplify government hand, ororking hand in we can pretty much do ourselves. been, at has always the core, about changing the world. you can't change the world if you are ignoring the world. and so, that's the way we look at it. today, but not only in the past as well, i think that silence is the ultimate consent. if you see something going on that's not right, the most powerful form of consent

this week in new york, megan murphy sat down for a special debrief interview with the microsoft ceo. at the opening for a quarter century and reflected on the talent of changing the culture when he became chief executive officer. >> to me, i felt we needed a new metaphor for how to talk about this culture. with the tremendous success we -- and perhaps were more we needed to say -- the workpiration from on mindset. more in thebook context of my children's education. ofealized the concept confronting their own fixed boyset is not just did for and girls in school, it is good for ceos and companies. we have adopted this growth that at least we want to have inside of the company to talk about culture. very candidre also in talking about changing be some of thet about parts of the business where you felt it had fallen behind. you talk about the cloud. tell us how fundamental that process has been about pushing the company forward as the crowd continues to expand and becomes a part of our everyday lives. >> dealing with technology shifts is easier than business model shifts. the challenge w

david: megan murphy is the editor of "bloomberg businessweek." how much pressure is going to be on susan collins now? she thinks she has a deal. megan: we saw senator collins' anger bubble over a little bit, calling reporting of the issue sexist. one thing we want to emphasize ve families, real life and there is an issue with obamacare and funding the chip program. these are meaningful issues to these families, and this is what senator collins in several centrist republicans know. there are these stories about people unable to get health care, unable to get at the pin -- epipens, unable to get basics that a family relies on. it is an ethical point of view and a moral point of view. she feels like she struck a deal to support these changes and make sure we can come forward with a new deal in the new year. it is not clear right now. the house freedom caucus looks nowhere close to a deal. i was interested in the president's comments that essentially he killed obamacare. again, whether they are playing the politics right on that, i do not think it is

editor in with the chief of megan murphy. i want to start off with a story politics. you have this wonderful map that takes a look at europe and the be nd that continues to gained by the radical right. >> we've really took an in depth trying to dissect the myth from reality about the trength of the far right in europe and across the democracies. because there is a feeling that has gotten lost a little by in the u.s. because the president and donald trump his agenda. there was a time when he beat the national frought and came to an election. lso what we saw in the netherlands which also beat a challenge from a far right leader that we've seen really of the far right in europe. that has proven not to be the case. desperate, i would very much stress desperate coalition genders across the parties they have stitched together broad support that is common in draws on that it immigration, law and order and need of sentiment. in how very different they operate in their respective parts of europe. we said,no mistake, as we found data that support for views is extreme right the

. ♪ >> we are here with megan murphy. the lead in the fina

we want to think megan murphy.usinessweek as an important issue on the stand right now, the bloomberg 50. and our greg farrell, our investigative reporter. a serious market reaction, the 10 year yield down to 2.33. vix spiking. gol up and the dollar is dealt with stocks downd. treasury yields declining today. flynn admitted to lying. ♪ vonnie: breaking news -- mitch mcconnell is saying that republicans have the votes for the senate tax bill. we also have comments from susan collins, one of the holdouts. she will announce her decision in a few hours on the tax bill but good progress being made. this is a few moments ago. thatof the provisions susan collins was holding out for are now in the bill. shery: that was about the salt tax the reduction, the state and local tax reductions. susan collins wanted them. and a cap in the property taxes and the senate bill could include that. it may be included. holdingllins has been out because you want separate legislation to support individual health care mandate. vonnie: of th

megan murphy. jen psaki. alex castellanos. christopher ruddy. and charles blow.on it now so far if today's program. what is your read? >> several things are baffling about this. anybody knows when you two to be up vest gate bid the fbi. the first thing they tell you is if you lie in the interview, now we have twoed a mini -- people connected with the administration w done just that. i think dan was correct. there's plenty of evidence to show there was contacts. out reach after the victory with russian officials. but the issue here is not going to be a logan act prosecution. not looking at that. it will be on an obstruction case. that is the issue i think they'll be dialling in on is, after these contacts were revealed, what was done? what panic in certain level of the administration led them to lie or be disingenuous? >> it seems like, chris ruddy, so much is focused on the early days of the administration. a new administration coming in. on the same day, you have george. a dap louse saying he lied to the fbi, the president called in the director of the fbi and s

backme, stephanie ruhle and megan murphy.board put this y wawa way -- i like this three women talking about world finance. okay. the senate is rushing to pass its tax bill because says the "new york times" editorial board it stinks. but the fact of the matter is, we're making changes, things are happening. on the same day that they are going to vote, this is the biggest change to taxes that we have seen in at least a generation. and the people who are voting on it won't even have a chance to read it. >> it gets worse. senator claire mccaskill just tweeted a list of amendments to the bill again that has not been he released that she says democratic senators have only received from lobbyists. and let's just discuss some of those changes that have come in over on the past two hours. putting back in the alternative minimum tax, which is a huge deal in terms of a measure that is designed to make sures wealthiest pay their fair sure. but the changes that are still going on, the horse trading still going on, we have seen the state a

i brought a chart the other day with megan murphy and only way i got to the city and now i have marty out today. durable goods orders out and this is the long way of saying a proxy for business spending. after the recession, it went up and then down. in the last year, it has been going up again. the tax bill is supposed to make this rocket higher. here is your chart from february, for january and february data. watch and see if that continues. david: if is going up, then productivity should be behind it. that is the theory as you invest in capital, it should come up. >> that is the theory but we are only getting back the levels we were at in 2010. abigail: one more piece of the mystery i have been thinking about, i have to think that it has to do something with the inflation conundrum c witha -- with cash at all-time lows. david:. thank you for being here coming up, majority reclaims. we are live in barcelona, next. live from new york, this is bloomberg. ♪ ♪ emma: this is bloomberg daybreak. qualcomm and a takeover bid. thechipmaker is opposing move of 11 new directors, saying they ar

joining us is megan murphy and josh diner. thanks for joining us. let's start with u.k. inflation. us a fair will lend amount. it's less about inflation and the in certainty. it's a hard job to be eight central bank governor. now you get to figure out what going to happen with your trade deal. on the pound, that's what's been driving inflation higher in the u.k. david: it's not his fault. housing prices are coming down a bit largely to airline prices. asking the sliding pounds and spreads it. we have seen this number. i don't think they are losing much sleep over this. they just height. group ishether wage going to match. domestic prices are really going to knocked down growth in the brexit situation and whether or not we are going to see inflation outpacing as people still don't feel the wage growth. that's a big problem for theresa may. alix: businesses are getting squeezed. input rices arising. you literally just describe what the fed is talking about for the next orient hours. -- 48 hours. you know i love this. this is where the projection is. this is where the market is. you k

murphy. love this issue and the people you write about. what is the bloomberg 50? meganthis is the first time we have ever done this. when bloomberg thought about it, we thought, who were the 50 people that defined this? it is always the same people on this list. we thought, what if we did this differently and looked to find the people you have heard of. you are not going to have heard a lot of them, but who really changed the way you think, what you do, how you conduct your life or business and will be trendsetters in the future. we are really excited about the names on this list. julia: they certainly defined something in 2017, rose mcgowan and ashley judd, talking about harvey weinstein. landscape inthe media, and politics in 2017. at thise were looking issue and the wave of sexual harassment that has spanned across industries. we are grappling with it. to try and single out anyone was hard, but the recent we chose rose mcgowan and ashley judd was because they were the ones who let the credibility -- they are the ones who first came forward and that seminal new york t