michelle meyer will be sticking with us. one of the reasons i am in chicago is i get to sit down with christie hefner. there are changes in the board and the culture, and she's involved in many of those with women coming in. we are talking about business and the board room, next. this is bloomberg. ♪ david: welcome back to "bloomberg daybreak." i am david westin out in chicago today. christie hefner is here are chu used to run playboy enterprises as chairman and ceo -- christie hefner is here. she used to run playboy enterprises as chairman and ceo. good to have you back. start with a business you know very well, media. you were running "playboy" and helped take it to a media business it we are seeing so much change in the media world right now. >> your point about transformation is exactly right. we think, what business are we end, and say we do not want to be in the railroad business, we want to be in the transportation business. we want to create a style of content across platforms. i remember back over a decade magazine

and michelle meyer, congratulations on baby max.ith you today is pretty much locked up as far as an interest rate hike. the question is, what clues will you be looking for as to the path of interest rate hikes from today on >> i think the dots will be front and center as well as comments from fed chair powell so for the dots, they're going stay with the four hike this is year if anything there will be a conversation around that medium so more and more fed officials will be convinced yes, they can execute one more hike after today's hike. >> december. >> exactly the december hike. and i think next year will stick at three we'll get 2021 dots and the long-term dots are interesting. >> what does that mean this is the projections of the fed members of how many hike there is will be next year >> right and beyond so i think we're getting an interesting conversation as to what is the end game how high can rates go? what is that terminal rate increasingly, fed officials are signaling it's getting higher. they think they can see restrictive