stephanie ruhle pulls -- stephanie ruhle's interview with ceo of goldman sachs, lloyd blankfein, and mike bloombergat and more when "bottom line" continues. ♪ >> welcome back. this is "bottom line" on bloomberg television and streaming on your tablet, your phone, and bloomberg.com. there are multiple ways to watch bloomberg tv. we are on the web at bloomberg.com, on your mobile device, on apple tv, and on amazon fire television. the president says the epa new emissions rules will help america meet the challenge of global warming, but it's already generating a lot of heat from critics. peter cook sat down today with a woman in charge of implement in the proposal, epa administrator gina macarthur and -- gina mccarthy. she insists it will be a net loss for the environment and the economy. >> we hope it is a turning point from discussions about the science to taking real action, because that is the president's message. it is a moral obligation for us to address climate, and it will be one of the premier actions that this administration is going to take. thisu are convinced that is something these state

that was mike bloomberg.or of london, boris johnson speaking with blue further news with -- with bloomberg news was editor. and mash. i cannot believe that is one thing mike would want to bring over. what i found interesting was the comment about the cultural differences between new york and london. of london, the mayor saying he hopes london whale but, more like the united states. -- saying he hoped london would more like the united states. there is still a cultural resistance to accumulating. that needs to change. >> a tough about it. >> you are against it? >> a different way of looking at things. >> talking obesity. for those listed on bloomberg radio. that is next. we'll be talking about your at iraq.- a rock -- a big subject ♪ >> and insurgency in iraq. this is oil prices continued to climb. >> megamerger monday. top of the two medical device makers join forces. >> logging on to london as tackle week kicks off. exclusive conversation between boris johnson and michael bloomberg. >> just technology is not

thank you both very much, lloyd blankfein and mike bloomberg. i'm stephanie ruhle. hing bloomberg television. ♪ >> from bloomberg world headquarters in new york, i'm mark crumpton. this is bottom line. the intersection of business and e

then as recently as 2012 after the horrendous tragedy in newtown, president obama and mike bloomberg who funds the bloomberg school which daniel works for came out within that same day those poor children were killed and said we should start banning rifles. so when they start talking about banning rifles, banning handguns, that's taking people's guns away. now, they're not talking about taking the criminals' guns away because it's already illegal for the criminals to have guns. it's already illegal for the felons and the drug addicts and the bad guys to have guns. the reason that any of us get guns, the good guys, is to defend ourselves. it's not to hurt anyone. we're not homicidal maniacs, we're the good guys. so we want to get guns to defend ourselves, and when obama, the president of the united states, and at the time -- but now he's being funded by new york city mayor michael bloomberg who's poured -- >> i notice you mention michael bloomberg over and over again, i think your point has been established. >> but my point about bloomberg is not that -- it changed the dynamic of this

[laughter] ♪ >> mike bloomberg spent 12 years running the country's biggest city -- new york.t is no wonder he thinks local government is the bedrock of society. >> cities are where you distribute services. federal governments and state governments tend to move money around. cities are where you pick up the garbage, where you educate the kids, where you bring down crime, where you enact health measures that you can actually see. what you can buy, how it is labeled, where you can use it, those kinds of things. if you take a look at most of the progress that has been made in climate change, for example, it has all been done at the city level. very little -- even in this country, when we are fighting guns, obesity, improving the school systems among those are not done at the federal and state level. those are done at the city level. >> bill, i have always wanted to know this from you. you have such a huge arsenal of resources. how do you pick the causes that you get behind? >> globally, i think the greatest inequity is how poor children don't get to go up and achieve their potent

smalllebration of business brought together lloyd blankfein and mike bloomberg, the founder of bloombergthey are the recipients of the small business program and in the list that they will join lloyd blankfein on the council. for anie ruhle sat down conversation with both settlement. >> work hard, you will need some luck. the harder you work, the luckier you get. remember, it is not the end of the world. i don't have anything in common with people who say it was terrible. it is water over the dam. business the next day, another career. why didn't it work out? it wasn't the skill set or i didn't have the temperament for it. maybe i can afford to do it again. people are not honest with themselves. theke a line, i write out pros on one side, the cons on the other in a sense that if you let me see it, you might laugh at me. i work out in my mind what is real and what isn't and what i can present to people. >> when you look at mistakes, is there a piece of advice you wish you got as you are climbing up the ranks? >> yes, i wish i had gotten the advice not to be intimidated, to understand to b

this was the topic of a conversation with bloomberg founder mike bloomberg and the mayor of london, boris. they sat down right here with a bloomberg businessweek editor. why cities are so focused on technology. you createextent, jobs that people can start businesses in and get to work when they are young. we'll have the problem of creating jobs. it does not require the space that big cities do not have. if you want a steel mill, you do not do it in the city. if you want people to work together, you go to london or new york. those are the two major cities. these are the two that are predominant at the moment. >> the interesting thing, the other day you might have spotted angela merkel saying something about britain's robin connections. it was striking and unusual. she is normally very suave. she does not bash people. i wondered why she said this. actually, there is something extraordinary going on in london that germany has reason to think might be competitive with what is happening in germany. you look at the industries in which london and the u.k. is leading in the tech sector. in 21st c

bloomberg television's stephanie ruhle sat down in a conversation with lloyd blankfein and mike bloomberg

bloomberg television's stephanie ruhle sat down in a conversation with lloyd blankfein and mike bloomberghen we think about your

bloomberg television's stephanie ruhle sat down in a conversation with lloyd blankfein and mike bloombergwe think about your careers, lloyd you were not born and bred a goldman sachs banker. mike, you went from salomon brothers, you left, you started a tech company, four guys, no

lloyd blankfein was here to chat with mike bloomberg yesterday, , theounder of bloomberg lp parent company toevision, in a conversation talk about the personal experiences and eight look back. it was anchored by stephanie ruhle. she is with us. >> lucky day for me. we sat down and talked about their careers because they were celebrating the small business, giving grants to people across the country, really across the world. they did not come from a mckinsey consultant background. lloyd blankfein was a lawyer who could not get a job on wall street. -- mike bloomberg gets fired from salomon brothers, starts a tech company with four guys in a room, does not convey customer for four years -- two years, and look at them. i asked lloyd blankfein, you're no longer in the trenches, what gets him going benchmark where does he get fired in his belly -- going? where does he get the fire in the belly? >> when my job gets going, things are not more fun. i cannot imagine leaving it. when things are going badly, my sense of responsibility takes over and i could not imagine leaving it. i either love what

bloomberg televisions stephanie ruhle system with vote in a conversation with lloyd blankfein and mike bloomberg

. >> mike bloomberg takes on mccarty i >> we've been telling you about liberal intolerance on college campuses this commencement season. michael bloomberg got an invite to speak at harvard's commencement and some people may have been surprised when they heard this. >> today, on many college campuses it is liberals trying to suppress conservative ideas. this spring, it has been disturbing to see a number of college commencement speakers withdraw or have their invitations reskinned after protests from students and to me shockingly from senior faculty and administrators should know better. liberals silence a voice. this is an outrage and we must not let it continue. >> so universities used to be a place where you went to open your mind and it seems come to a place that you narrow it. according to the fec, 96% of all campaign contributions from ivy league faculty and employees went t barack obama. are you surprised? >> that's the point. it's trickling down from the gurus of garbage. the only entity less tolerant than the teacher's lounge is the taliban, which smells better. the debate is

the mayor sits down with mike bloomberg for a conversation you will only see right here.urrency traders. how venezuelan prostitutes are earning more trading dollars than selling sex.

lloyd blankfein and mike bloomberg. travel, welcome to the new heathrow.s a new argument against the keystone pipeline and it is not about the environment. high crimes, meanwhile, in the art world. thefts and forgery are booming. and finally, it is a commencement speech to end all commencement speeches. this one is our "money clip" mash-up. we will kick it off with what everyone is talking about.

. >> mike bloomberg takes on mccarty i mccartyism liberalism. coming up. honestly, the off-season isn't really off for me. i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up plays. it's got onenote, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work! legs, for crossing. feet...splashing. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to ma, now may be time to ask about xeljanz. xeljz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok with your doc

to say something personal about mike bloomberg. you all see the strong side of mike, but you rarely see the more sensitive and emotional side. no one would take on the ofmingly impossible task reforming our school system if he were not deeply passionate about children. mike is. i think it is his dream that one day some child who seems to have no future will be standing here on this stage being sworn in because he had an education. what a gift that would be. mike made gracie mansion the city's home and he has made himself the city's voice. nowhere is this more apparent than during the recent transit strike. the mayors morning walks across the brooklyn bridge were not just symbolic but they were inspiring. and, besides, he lost five pounds. he may will be -- may well be one of the trim rest and one of the greatest mayors this city has ever known. >> what is your reaction when you see that? >> you're crazy and i'm going to talk about barbara walters. >> y? >> she is an icon. she has special status. she does move between the worlds of p

the joke was billionaire mike bloomberg became mayor, the joke was basically because he is nanny state of guy he would outlaw new york city marathons or taking the stairs and not riding the elevator mandatory. would make the new york city marathon mandatory and would outlaw elevators and taking stairs mandatory. melissa: we're seeing that michael bloomberg, he could buy up everything in anaheim, california that would be interesting. scott, do you think he would fit well in anaheim? i don't know about that? >> i think people would get tired of him. to emac's point you have to be worry what you wish for. everybody has miff with local municipality and local government. you have a risk of a tyrant running town and takeover. by the way, mark zuckerberg did some of this. he bought five parcels of property near his home in palo alto to control the neighborhood. by the way he is trying to keep in mind of who they want the market the properties too and so forth. to emac's point you may not get what you wish for and may be wrong kind of overlords. melissa: real threat. look at larry page of goog

mike bloomberg, lloyd blankfein.ause] >> rose: when you hear the name robert de niro you think of one of our greatest actors but there was another man by that name who was a very talented his father. his father robert de niro, sr. was part of the school along art i like jackson pollock and mark rats co. he never gained the popular recognition. art historians consider him a talent. new documentary focuses on the life and work of a painter who many believe went unnoticed. here is the trailer for remembering the artist robert de niro, sr. >> my father created all this beautiful artwork. he was the real thing. he was to me a great artist but he never imposed that on people. my father felt he was different, and he was different. he was very particular about what art is. part of remember anything is love. artists always recognize that after they're long gone. i just want to see him get his due. that's my responsibility. >> rose: joining me now the director perri peltz and robert de niro the artist's son. i'm pleased to hav

mike bloomberg. lloyd blankfein. >> thank you. [applause] >> when you hear the name robert de niro you think of one of our greatest absentors but there was another man by that name who was a very talented painter. it was his father, robert de niro senior was part of the new york school aalongside fellow artist like jackson pollock and mark roth co-and his work was exhibited by peggy guggenheim but never gained the popular recognition that his other contemporaries enjoyed, art had i storns consider him -- historians consider him a deep talent. a documentary for h.b.o. focused on the paint who are went unnoticed. here's the trailer for remembering the artist robert de niro sr. >> my father created all this beautiful art work. he was the real thing. he was to me a great artist. but you can never impose that on people. my father felt he was different. and he was different. not only as an artist but for other reasons. he was very particular about what art is. part of recognition is luck. artists are always recognized after they're long

it's like when people used to talk about mike bloomberg as an independent presidential candidate. if he got in, the only thing he would have accomplished is to have elected a republican. but lawrence, if you look at the slate of candidates for 2016, presidential candidates, some of the tea party people are looking pretty good. rand paul is the guy we call the front-runner. so the tea party wing of the movement can lose a couple more of these primaries, and those are going to be interesting coming up, but the tea party wing is still in a position, if you ask me, to nominate the standard bearer in 2016. >> steve, in rand paul's case, it's kind of interesting. it seems to me that he's gained credibility by the carefully selected steps he has made away from tea party rhetoric, by just acknowledging the fact that -- basic facts of government like yes, we are going to raise the debt ceiling. >> i think rand paul -- i don't think he's someone now as some of the other individuals you just mentioned is hook, line, and sinker a tea party member. he's a very serious candidate for the republi

so i think the 20-ounce soda is a fleeting legacy of may your mike bloomberg. >> jeff toobin and to endorld cup. president obama weighed into this knockout stage of this whole thing. he's at a town hall in minneapolis. take a listen. >> i have to begin by congratulating our u.s. soccer team, team usa for advancing. next round of the world cup. we -- usa! usa! >> audience: usa, usa, usa! >> absolutely! we were in what's called the group of death. and even though we didn't win today, we were in the toughest grouping, and you know, we got through. and so we've just still got a chance to win the world cup. and we could not be prouder of them. they are defying the odds, and earned a lot of believers in the process. and i want everybody on the team to know that all of us back home are really proud of them. so, you know, i -- let me tell you something. >> okay. so it's saying something when the president of the united states off his plane goes sort of off-script and talks about the world cup. so as we are advancing, awesome news for team usa. what does that mean looking ahead as we are into th

schumer and mike bloomberg commission and report -- commissioned a report. as we took office, there was a staunch defense on the part of people who said they were the market defenders of an unrestricted subprime regime. i claim that we had to cut down further on deregulation. we started below zero. >> there clearly came a time where you agreed you had to move forward. people like hank paulson -- people have been talking about reforming the financial architecture of the country for a long time. it is a classic case. congress never ask until there is some sort of crisis. just sitting back and recognizing. they probably needed to do something. it is awful to do. you can never today -- you couldn't pass dodd-frank today. you couldn't pass in 2006 or 2007. the one time you could do it was when we did it. andy view, to come to tarp to walk away as if you had dealt with the issues would've been a travesty. you had to make an effort. others have talked about for a long time, how do you this in a way that makes sense? that stabilizes and strengthens the financial ins

the state's highest court had the final word today on one of former mayor mike bloomberg's signaturesial health initiatives. the court ruled the city's health board overstepped its authority by restricting the sale of sugary drinks in containers over 16 ounces. the decision is a defeat for health advocates and a major win for the american soft drink industry. and for big gulp fans everywhere. >>> we'll continue to check in with fans around the country during this first half of team usa's big world cup match. spoiler alert. it's still 0-0. stay tuned here for all of today's headlines and score updates. and we'll be right back, everyone. thank you daddy for defending our country. thank you for your sacrifice and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. but they don't yet know we're a family. we're right where yo

remember, mike bloomberg left salomon brothers. future wasthe technology. he started a tech business. he's a tech guy. that is what bloomberg is. at this point today, 2014, 25% of employees at goldman sachs work in technology. it is not just old school salespeople, traders, and bankers. >> we are a technology firm and it does not stay still. on top of the technology needed to drive the business, you need technology to comply the business and to make sure that the difference is risk management and a couple of other layers to make sure everything you are doing is in good order. >> i think we first heard that from him in sports or length, and he means it because every him in-- from switzerland, and he means it. fixed income etf's. get to theer we electronic trading platforms across all businesses, the words it is for banks. they either need to get on top of it, get in front of it and embrace it, and they will take an old school approach saying they do not want to be in that business, the blackrock and pimco's of the world who have a produce year he responsibly

don't miss our exclusive conversation between mike bloomberg and mayor boris johnson on the fate of teche u.k. we will bring that for you in the next hour. we are back in two just two minutes. ♪ >> welcome back. still with us for his views on the top market stories, the joins uset strategist from switzerland. thanks for sticking with us. a lot of m&a and the markets. buying anu.s. company irish business partly because of operational reasons. partly because of tax incentives. are you looking at that with interest? are you looking for more m&a there? morertainly we are seeing within the farmer sector. we are looking at the scenario .here we see pocket of value in the biotech space. we see pockets of value in the oncology space. i think the trend we are getting with him in a very encouraging. it's a sign companies are finally starting to deploy their cash from him in a first. we are invest in their own businesses. >> what kind of timescale do you think equities are going to continue to outperform? i know outperformance is part of your key investment energy at the moment. what kind of timing

the mayor sits down with mike bloomberg for a conversation you will only see right here.rs. how

. >> 33 years ago mike bloomberg decided technology would be the future of the financial industry companies. the i.t.achs works in department. guy.bloomberg is a tech >> we are a technology firm and it does not stand still. to make surenology that all of things you're are doing are in good order. >> that is an incredible foristic -- 25% are in i.t. goldman sachs. >> the chief technology officer at goldman is one of the highest-ranking positions in the firm. banks call three other and you asked who is your cto they would say the guy that fixes the printer. it is a huge positive because you no longer want to have things in the hands of -- this could have gotten lost, this is a fat finger. they are taking things seriously. maybe they are finally listening to bloomberg. >> thank you, stephanie ruhle. stephanie ruhle of "market makers." moving and shaking, neel kashkari -- he has won the right to face gary brown in the california governor's election. he finished second in the primary system that sends the two vote getters to the primary election regardless of their party affiliation. brown as we

then house intelligence committee chairman mike rogers speaks to bloomberg. .nd a new kind of heroine action figures meant to empower little girls. to our viewers here in the united states and those watching us around the world, welcome. we have full coverage of the stocks and stories making headlines today. michael mckee details a rare correction by the institute for supply management. housecook interviews intelligence committee chairman mike rogers. we begin with phil mattingly and president obama's lands to cut powerplant emissions by nearly a third -- plans to cut powerplant emissions by nearly a third over the next 10 years. there is more than just the headline? >> that is right. it is all about the details. in this case, it is the power given to the states to work regime,his regulatory including an extended timeline for certain states who have, if they work together, mark, until 2018 to put in place regulations that would lead to the reduction in carbon emissions to that 30% level the obama administration is putting out for them. this is a significant step forward for the admini

i did obviously mike bloomberg when he stepped down.. it's sort of like creating a startup in a huge, you know -- >> frontier. >> frontier. and also, you know, i think it's like 800 million people a month go to yahoo! in 60 different countries. it's a great place, a great platform, i think, to expose yourself to -- and do really important stories where a lot of people have access to it when they want to see it. they don't have to see it at a certain time. >> tell people to watch tv now. >> i'm telling you, it's brilliant. >> the content sharing of what you're able to do now is amazing. you can get people to tune in by having people share something and push it forward. >> the social media aspect is really important. >> has that changed for you? as you put on your journalist, broadcaster hat, you go after these big names you're getting, do you think about the business model and the sustainability of the business model? >> i think it's only growing. as a friend of mine, michaelen said when i made this move, he said it must be so exciting t

bloomberg's economics editor mike mckee has been following this. >> here is where the story -- what the story is so far. argentina defaulted on its international bonds, $95 billion worth. they restructured those, essentially paying people $.30 on the dollar. 92% of the bondholders accepted. in the 8%, a couple of hedge funds decided they wanted to get paid in full. they sued the argentines. in u.s. court, they have won on the argument that a clause means equal treatment they can't be treated any differently from any other bondholder if they are owed a certain amount of money. they still hold the old bonds. they claim they have to be paid. tocould be about $15 billion the people who are suing. >> argentina says it won't comply. >> they've given mixed messages. initially, they said they wouldn't comply and they said the u.s. court has no jurisdiction. in their last filing, they said they might comply. there have been some hints they might want to negotiate with these holdouts, see if they can lower the costs. they will owe $13 billion in a bond payment at the end of june. if they don't pa

mike's. ♪ >> this is "taking stock" on bloomberg. i'm pimm fox will summer just her -- i'm pimm fox. just run the corner, you will want to improve your barbecue skills to impress your friends. a network of online video channels can help you cannot aimed at increasing your prowess. i am joined now by the cofounder stephen kidd. explain how you came up with the idea of case made. >> about two years ago, my partners and i got excited about some big trends we were seeing in the media space, video, mobile, and social. create a media company based on that, but we were also all food lovers. first world food network for digital platforms. >> and you applied some skills you pick up along the way, at yahoo! for example. tell me how that fit in. >> the three of us have all been working in digital media for 15 or more years. we have been in this space for a long time trying to find a solution for high quality creation of content for digital platforms. i was with yahoo! and my partners and i were also the founders of a publicly traded yet -- traded media company called demand media. we publicly t

bloomberg. >> joining us is the editor of policy mike.zabeth plank. >> ashley there are swiegs, rutgers university and protested connie rice coming and bowed out and saying i don't need the controversy. f?n campuses less a place for ideas to be expressed. >> governor, it is it easy to say they are more intolerant given the string of recent controversy. condoleezza rice withdrawing her speech at rutgers. it is plaguing them for years. conservative are surpressed and we hear from studentsiioØ$.ç ab the free speech rates are restricted and they are persecuted for the police and they can't speak up in the classroom and so for michael bloomberg to say this. it really does give credibility to things we are saying. these places are where students have diversity of thought and that is not happening anymore. he got applause from the students in harvard. and elizabeth, your take on this? you come from a different perspective. is it fair that the conservatives are shoved over and told to be silent and out of sight? >> i am not sure it is a left or r

mike mckee. be sure to tune in to bloomberg rossi's live coverage of the fed decision at 2:00 p.m. eastern time on a sexual edition of "bottom line." moving and shaking this hour almond katy perry, a painting of her goes on sale today. the painting is called "cut take katie." unveiled a few days for terri herself shows up and is starting her own record label going into business. you used to have to be dead for 10 years to get your picture in the national portrait gallery. now all you need is 50 million twitter followers and the best going out him. that is it. coming up amah in an age where everybody is trying to -- a new at makes it easier to get a taxi. we will talk to this eeo of tax the magic. thus him how to order off the menu at mcdonald's there you have to know what to work and where you need to know the secret code. ♪ >> you are watching "in the loop" live on bloomberg television. the federal reserve's open market committee meeting announcement was at 2:00 p.m. eastern. a powerful market that caught many investors. not everybody. a bloomberg review columnist, the president o

it was a racially motivated conspiracy, something the city had contested through the bloomberg administration. >> mikein the documentary. >> in the documentary and has been talking about this for some time. you just mention the year to new yorkers, 1989 -- >> and that particular incident. >> that incident and you talk about 1989. there was a bleakness in this city. it was -- talk about a city on edge, and this story symbolized it more than any other story. now we learn all these years later this horrendous story about how these five, who were set up, as just public enemies, numbers one through five -- >> their lives ruined. >> it would be hard to overestimate the impact that had in the city at that time. new york city at that time, 1989, was an entirely different city than it is now. even the geography of the city was different. >> it was unbelievably different. >> but i can clearly, vividly recall the coverage of that case. i mean the city just springs and bolts of the city's underpinnings breaking loose. this was the example of a city on the decline, really rapid decline. i don't believe it was a co

mike lewis takes on an easy target, wall street's wealthiest 1% in a hilarious bloomberg column.ll take a look at the reality between some of his fighting words. domino's -- we will tell you about the new virtual assistant. >> it is easiest to make fun of the wealthy 1%. in the latest common, -- latest column, he writes -- "which might be real alive -- for some titans." he had to go so far as to give up golf. street guys have been fleeing their game because their anxiety -- they feel like they need to text all the time and they cannot free up their hands to swing up the club. i am joined by jason kelly of bloomberg link. he is the author of the book, "the new tycoons." what along the lines of michael was talking about here. know he is being tongue-in-cheek but there is a little reality. >> absolutely. talk about the fact that there picking up -- we hear a lot about these guys doing iron man's and working off this stress because they do not have time to play cough anymore. -- plate golf anymore. >> they are starting to leave wall street as well. you hear everything from starting y

bloomberg west." have become all the rage for health junkies. how can doctors and those with the dated to use? cory johnson sat down with mike leigh.him about the power the apps have in helping users lose weight. >> it is incredibly powerful. lost 250 million pounds combined. >> they have not lost it, they have misplaced it. what do you know about your users? what is the typical use case? are,en you're as big as we over 65 million users, you start to resemble the population as a whole. we have a very broad set of users. a lot of people are bodybuilders or pro athletes. we have people with medical conditions. we have people who have never exercised before trying to lose weight and have a healthier lifestyle. outside thefrom the basic law of thermodynamics, it measures calories in and calories out. >> it is pretty simple really. that is what most i answer trying to do. calories thanre you consume, you will lose weight. that is what we are trying to help people do. >> talk to me about how it changes. emily was teasing me. i am concerned about my fitness. i run and swim. i use the up tracker to monitor myself. that is helped quite a bi