i am oliver renick. i am carol massar. am carol massar. ♪ oliver: we are back with editor to talk megan murphy about some must reads. let's talk about housing. in the a big focal point economic recovery here, but you look at it in canada where there is a shortage of housing. megan: the average home price of a toronto house, $905,000, rivaling some of the most expensive metropolitan areas in the night, but this story takes it from a different angle. people are so desperate that people are forgoing the house inspection. it is usually unnecessary process. while you are seeing a huge raise for these properties, byy're saying prices drop 30%, people desperate to get their offers accepted. one time there was a house with a bathroom that looked like a bathroom, but the plumbing was not hoped up. banks and consumers don't care, but it will open up problems later on. carol: it is happening in other cities. it has even happened in the united states. megan: when we look at these trends, this is one of them, when we see a drop in insp

oliver: i am oliver renick. carol: hackathon hustlers making a living from coding contests. what life is really like on the border between the united states and mexico. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. so many stories, double issue. you look at hackathons. i have an idea this was going on or there was a circuit. megan: there is also a way to make enough money to only work on the circuit. we looked at people using these marathon coding sessions to test a product or take it to the next level. there are are rewards, sometimes cash, swag. we find people whose entire apartment is littered with tvs, printers, shoes, anything you can think of from participating in these sessions. oliver: the idea was popularized in the social network. it's a very real thing for anybody who knows a bunch of coders. the thing is these guys are top-of-the-line and they could go work for these major companies. megan: it is almost this cycle, this rite of passage, when

i am oliver renick. the satirical newspaper striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy. megan: this is a story that looks at how stents which are relatively cheap, not a huge amount of money. >> this is a so -- this is a -- thisat looks sad isn't a huge amount of money. , theyou have a stroke speed of which they can get to and alleviate that pressure, that bleeding on the brain is crucial to recovery. what this article talks about is the injection of these metals that are used to take the clock out. 116 strokesly about and stroke specific tears in the u.s.. are usually the first responders and will make a decision and evaluate someone if it is a minor stroke. if you don't go to one of the specialist centers you are more likely to get a drug. what is showing is if you can get there quickly they are more effective and do le

oliver: i am oliver renick. rol: the uphill battle president trump may face. oliver: we talk about the cyber hackers targeting central banks. carol: the reinvention of espn. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with bloomberg businessweek editor-in-chief megan murphy to talk about some of the stories in this week's issue. let's start with the opening remarks by peter coy, politics, trump, and potentially tax reform. megan: this story cuts to the heart of the issue. campaign promises and agenda items they thought were going to be easy to get through, tax reform, just the situation they found themselves in is the coalition they need to stitch together is harder than they thought. oliver: peter always has great analysis. since the health-care bill failed, what does it mean for tax reform? what did you like about peter's take on this? megan: peter always has great insight and analysis, and for trump to think tax reform will be easier than health care reform, we have to put this in

i am oliver renick.ou from the at newzine's headquarters in york. the satirical newspaper striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek." so much this week. a look atake stents. megan: this is a story that looks at how stents which are relatively cheap, not a huge amount of money. $8000. have a stroke, this be they can alleviate that pressure, bleeding on the brain is crucial to recovery, but what this article talks about is how the injection of these metal stents are not common because -- beacuas are only aboute 115 stroke-specific care centers in the u.s. paramedics are usually the first responders and will make a decision and evaluate somebody. if you don't go to one of those specialist centers, you are more likely to get a drug. the stents are more effective and lead to better

i am oliver renick. north carolina is eyeing $100 million in savings. eut what market for ankle monitors. potential ties between the white house and russia. all that ahead on "bloomberg businessweek." ♪ oliver: we are back with megan murphy to talk about must reads in this magazine. let's go to the markets section. active versus passive investing, but specifically about one treasure who is taking a passive approach to a pension fund. activehe is taking an approach to making his management passive. this is an interesting character, the treasurer of north carolina. his view is we are being ripped off by these heavy fees that we pay for active management funds. we want to take that number down million and of $100 shift our management to passive management. we have talked about this. this is not a shift that is new. we have warren buffett as a public champion of this shift, and this is something we have seen in pension funds, shifting this way. this is a microcosm of a larger shift going on. carol: not always so easy because there are some long-term contract

oliver: and i'm oliver renick. n the politics and policies section, a look at president trump's efforts to document stories from alleged victims of crimes committed by undocumented immigrants. oliver: we talked to our group dairy is brought in. >> voice stands for victims of immigration crime engagement. it was called for in an executive order by donald trump and elaborated on by a memo by homeland security secretary john kelly. i heard about this organization and was intrigued by the acronym, so i reached out to ice. and we don't -- the agency is not operable yet, and there are still a lot of uncertainties about what it will look like, but ostensibly being sold as an organization to engage with victims of crimes committed by undocumented immigrants. the memo by john kelly calls for funding for the program to come from services that previously had been devoted to advocating on behalf of of undocumented immigrants going through the enforcement system. now, ice has said this is about serving victims, but some of the a

i am oliver renick. fitness where the slide from prosperity to poverty and chaos. we examined the effects on the region. we go to canada, justin trudeau opens up to our editor about working with donald trump. then, the prestige, power, and celebrity influence of sheryl sandberg. all that ahead on "bloomberg businessweek." ♪ we are here with editor in chief megan murphy. venezuela, it was an emerging market that was firing on all cylinders. different story today. megan: incredibly different story. the thing i like about this piece is exactly that issue you bring up. there is a quote that says they can't picture a country that has fallen so quickly, so fast, not just economically or markets, but the actual impact on people. it is so alarming. the average venezuelan is losing 19 pounds, the struggle to get access to food. oliver: does this signal a change of ideology or regime shift in terms of political ideology within latin america? absolutely. you have hugo chavez of the most prominent example of someone

oliver: i am oliver renick. l: the man that president vladimir putin may worry about the most inside russia. oliver: i talked about alexei navalny. >> alexei navalny is perhaps the man vladimir putin fears the most in russia. he is an opposition candidate. he is touring the hinterlands of russia trying to get his name recognition out there. he is barred from going on television. kremlin officials try not to say his name. less than half the russian population know who he is. oliver: you must be onto to something if you are not allowed on russian tv. tell us what the protest movement entails. >> it is all about corruption. he has just put out a film talking about the, really detailing the eye-popping corruption and the money that putin and his supporters have taken from the state. this protest movement happened in 80 cities across eight time zones. that surprised the kremlin, and that would probably surprise navalny too. about 60,000 people came out across 80 cities. about 1000 people were arrested. there is an ele

i am oliver renick. nally, what could be the most expensive mistake for the u.s. military. ♪ >> we are here with the editor and chief of bloomberg businessweek, megan murphy. we want to talk about something and technology. this is something that can be so crucial and stroke recovery. not everybody has access to them. >> this is a story that looks at how these were relatively cheap. huge amount of money. the speed with which you can get to and relieved that pressure, then bleeding on the brain is crucial to recovery. what this article talks about is how the injection of these metal to take the clock g out. -- clog out. paramedics will make a decision and about you and if it is a minor stroke, we will probably take them to a hospital. if you don't go to one of those special centers, if you will more likely get a drug. what that is showing is that if you can get there quickly, they are more effective. even with the asian population, we see the baby boomer generation growing older. we'll have enough of these

i am oliver renick. also catches us on the radio, sirius xm 119. in the markets and finance section, how washington's efforts to loosen financial regulation could spur a dangerous race around the globe. >> regulators over the last couple of months have looked at at least two big factors that happened last year, the election of donald trump and the vote in britain to leave the european union. regulators have spent the last better part of the decade basically trying to ratchet up rules to prevent banks from taking exceedingly risky bets and to make them safer and prevent the potential for future bailouts, so they are looking at those two factors and are getting wary, thinking about how countries might compete to loosen regulations. oliver: we talk about the folks that are worried about this. let's get a picture of who those institutions or thought leaders are, whether central bankers, politicians, tell us who is giving that view that is of concern. there are a lot of people on the other side who say we nee

oliver: i am oliver renick. welcome to "bloomberg markets." scarlet: here are the top stories we are covering on the bloomberg and from around the world. financials leading the overall rally while the nasdaq past the 6000 for the first time. -- terrifyingp saying canadian dairy might be next. the big mac makeover leads to a supersized gain in sales. we will take a look at how the ceo brought people back to the golden arches. u.s. markets close in about two hours' time. let's check in with abigail doolittle. doubt back have the above 21 thousand, up 1.2%, it's best day since march. we have the big risk on rally around the french presidential election. for the dow, the best day since the election last year. 7.5% after a few and 5%. 100 mcdonald, as scarlet was just mentioning, they beat earnings, too. it looks like the big mac makeover is the strength for mcdonald's. we have another milestone here, the nasdaq. analysisof technical at reinhold, he says this is an indication that future gains it may happen, but nonetheless, you do have the nasdaq

i'm oliver renick. you can also catch us on the radio at sirium xm.ew york, washington, boston, and london. in the technology section, some of the country's top coders have found a way to avoid the 9-to-5. >> a hackathon does not mean breaking into something. hacking means to put something together out of existing pieces to create something new, so like a marathon building session that lasted from 24-48 hours. oliver: not all hacking is bad. these are engine years that our building projects and doing it as part of a tournament. tell us where these events began. >> anyplace with a large area like an auditorium or conference hall, wi-fi and bathrooms, fair game. oliver: and a supply of doritos and red bull. but what's really cool about this is it is sort of a replacement for full-time jobs. tell us how who is going to hackathons, how they are making money. .>> for some people, -- i would not say it is super widespread, for there are people who have made a full-time living, supplementing contract work. typically what will happen is they will go online or

oliver: and i'm oliver renick. peter joins us now to talk about the latest into continue will coverage of active management, and what we can expect from our investing products. you are looking at back testing, the wise and financial data. how did you decide to talk about this now? >> we have seen more and more people to do something beyond plain old vanilla index investing. smart data, of course, is a new trend. smart data is a very vague term. it seems to be, and most tape is desiccated, the people who promote these products are saying look how well this in our testing. they cannot promise the same performance in the future, but there is an up location that if it is done well when we take this program and apply the historical ups and downs of the market and it made money then, it should make money now. and yet, it turns out that is surely a fallacy, because there is no reason. -- what happens is you're not finding a real effect. you're finding random -- the more you search, the more you torture the data, the more

i am oliver renick. carol: i am carol massar. oliver: a look at north korea.poke with contributor mark thompson. >> for 25 years, the united states has in very concerned that north korea has a nuclear weapon. 1994, they said we can't let them get a significant nuclear capability. at that time, they had 1-2. today, they believe they have around 20 comes so however you want to look at the u.s. fight against north korean nuclear weapons, it does not seem to be working. carol: why did we let it get to the situation? we knew we could not let it get to the point where we are today come yet here we are. how did it happen? to realizeportant that north koreans are pretty crafty. when we shut down one way, they started another one secretly. they moved from liquid-fueled missiles, which are vulnerable targets on the ground to solid feel rockets that they can hide in caves. from the u.s. perspective, you have to say that a family regime , which is what north korea is, has the consistency of purpose that u.s. administrations have not had from clinton to bush to now to trum

that is on bloomberg tech. ♪ ♪ >> i am oliver renick. oomberg markets. ♪ oliver: we are live at bloomberg world headquarters in new york, covering stories out of mexico city, toronto, washington, and paris. here are the stories from around the world. the white house unveils its opening bid for the biggest tax cut ever. how those proposals benefit businesses, the middle class, and the highest earners. one hour in the trading day, stocks rising to a record as investors digest policy news from the trump administration, the s&p up. and the president planning to pull out of nafta. we will be live in internet and mexico as currencies react to the latest threat to trade. let's get a check on the record with the julie hyman. julie: we are seeing the stocks hang onto gains, the s&p touched its closing high, then pulled back from levels. we got the outline of the tax plan that did not have many details. it was unclear what we will get past. we have transports up as well, because there are interesting headlines in the transportation industry. this i

oliver: i am oliver renick. you can also catches on the radio. showbiz section, a profile of hollywood's go-to guy on emerging technology. oliver: abe burns is 33, a miami native, and he moved to a lay a number of years ago and has been working with madonna's manager and ashton kutcher, the actor who is a partner in a-grade investments, a venture capital firm. the three have been working together since 2010, and abe is one of the key people trying to figure out what tech startups they should invest and come in developing new technology for madonna, coldplay, amy schumer. carol: how did he get there? he is 33 years old. tell us how he got there. he is playing around with some big names. >> he was always into playing music and listening to music, punk rock, as a kid, and he went to nyu and quickly decided that he wanted to start working in the music business, sometimes more than he wanted to concentrate on college, so he got a job in sony marketing, and as a college freshman was running around with a big backpack of promotional materials promoting v

i am oliver renick. scarlet: i have scarlet fu.television industry is reinventing itself. we have john martin. revive channels like the cartoon network. i sat down with him for the super series in which he spoke about returning advertising money to tv from digital. >> digital is growing quickly. our digital business, whether cnn or beach report, has some of the strongest growth rates in appetizing around the country. -- advertising around the country. in the digital world it is almost an oligopoly. facebook and google are taking 85% of the growth in digital. people have talked about the efficacy of the metrics they had been advertising against. but there is an arms race going on, almost a race to the middle. if you are a company like ours, we are trying to develop the digital capabilities that we can go to advertisers and guarantee them audiences and return on investment and really be able to report out in a specific way to make sure they are comfortable their marketing messages are reaching the consumers they thought they were goi

i'm oliver renick.litics and policy section, the investigation into russia's interference in the election has become the main act. >> here is what we know. in january, the intelligence community, by order of the obama administration, concluded russia did attempt to interfere with the election and did so to benefit president trump. it is the job of -- now we have two congressional investigations orange going, the senate and the house. it is job of the f.b.i., that we know very little about actually. it is the job of these investigators to answer the question whether there is any evidence that suggests trump associates, either affiliated with the campaign or the administration, had anything to do with these facts that yes, russia willfully interfered with our election. the real dynamite will be whether they find any evidence that ties this directly back to the president. there are a lot of questions that exist beneath that about whether any of his associates, the campaign or the administration, had any kn

in london, i'm oliver renick. scarlet: and i'm scarlet fu. loomberg markets. ♪ oliver: we are live and bloomberg world headquarters in new york for the next hour, covering stories at of chicago, washington, and ankara. here are the stories we're covering around the world. one hour left to the trading day and stocks -- the s&p 500 rising by the most in two weeks. financials and banks leading the way. president trump with the top banking regulator. what this could mean for wall street. just a week after the company made headlines dragging the passenger off the plane that was overlooked. .he rising labor let's get a check on those markets. scarlet: a bounceback over the declines even after tech is coming back helping contribute to the gains. we thought last week was low-volume and it continues to today. take a look on the bloomberg here. the top line here showing volume for the s&p 500 is showing about 21% below the 20 day average. it looks it the lines running today. another interesting chart that takes a look at overbought versus oversold stock

. >> i am oliver renick. -- two classes, one focusing on the dividends and another countering the earningsthe proposal was rejected, but is it a sign of more of those wishes to come. joining us now is mark freeman. a multi-strategy fund that his income-focused with $2.6 billion in assets. you are talking dividends here. does it make sense to divide a company like that by its income stream? guest: it is an interesting proposal. i can understand where management would be reluctant to go down this path. the biggest issue is that it will potentially reduce their flexibility going forward from a capital allocation standpoint. from an investor standpoint, i would raise the question that instead of splitting the stock, perhaps there is another structure. you could use a preferred structure which would give incoming investors the higher yield they are looking for. an set of dividing the income stre -- instead of dividing the income streams. but the growth investors are the ones you have to convince after the spit -- split. what will you do to entice them? what will you is, do to sell more vehicles

i'm oliver renick. julie: and i'm julie hyman. loomberg markets. ♪ oliver: we're live in bloomberg world headquarters in new york for the next hour. we will be covering stories at a san francisco, washington, and in london. these of the stories we're covering. a bombshell at a bark ways. the ceo reprimand with a pay cut of trying to identify a whistleblower. we will discuss the fallout. said the fed president central bank will reduce its balance sheet even if key growth and leaders -- indicators slowdown. we will hear from fed chair janet yellen in the next hour. in a milestone for tesla. it the company briefly eclipsed general motors making the most valuable automaker in the u.s.. and one hour away, let's get a check on markets with julie hyman. julie: stocks are hovering around the highs of the day. it is sort of a sideways motion we have been seeing for much of the last month. in terms of what is moving more in today's session, we have to look into the oil complex. we sustain a lot of the games we are seeing today. crude oil pri

this is bloomberg. ♪ oliver: this is bloomberg markets, i am oliver renick.u. >> joining me for day -- for the day is kevin. we've been talking about the flat line in volatility, and you have been looking at the difference, relative volatility of tax -- tech stocks. bloombergl this up on .t g #btv this is the relative volatility ok.he exoskeleton -- x we have seen it come way down but now it is bouncing up. what does this chart tell us? >> that the first quarter had a volatility and that is why because the -- that is why because the tech sector peak and then immediately dropped off. that led to the lowest record of closings that we have ever seen before. two point 54. we range from 10.6 all the way up to high 12. it is because attack that it is really that optimistic about the growth we are going to get. what sector benefits the most about economic growth, that is technology. relative volatility on tech stocks are writing. as far as s&p. >> and that should lead to rising volatility in the marketplace. julie: it should. >> and we do have a lot of catalysts com

oliver: and him oliver renick.t first we want to get to our exclusive interview with budget director mick mulvaney. >> we are going to speak now with mick mulvaney, the officer and budget director. thank you for your time. dir. mulvaney: thank you. >> your boss and our president said there will be massive tax cuts as far as an overall ma tax reform plan. he would not have said that if you told him he could say that. he would have something to show it. i will not ask you what is in the plan, but ask you one specific thing. that is the border adjustment tax. this is something speaker ryan has said is very important. the white house has not really come down one way or the other. has the white house taken a position? has the president decided on the bat?- that -- the centerpiece of the house proposal, at least the early forms, have all been part of our discussion. i think it is fair to say we have not settled yet one way or the other, but my guess is you will know by know week. david: that would be good. and we had a r

oliver: i am oliver renick. hackathon hustlers making a living from coding contest. ally like border between the united states and mexico. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief megan murphy. so many stories, double issue. you look at hackathon's. s.

oliver: i am oliver renick. carol: the uphill battle president trump may face. about the cyber hackers targeting central banks. carol: the reinvention of espn. oliver: all that ahead on "bloomberg businessweek." ♪ oliver: we are here with megan murphy to talk about some of the stories in this week's issue. let's start with the opening remarks

oliver: oliver renick, welcome to bloomberg markets. bloomberg work headquarters in new york for the next hour. we will cover stories and and parislos angele you can follow you -- you can follow our stories on the bloomberg. stocks turning around from earlier losses. there were earlier gains, it was a wild session with energy companies leading the market. -- sector that has seen mom monster growth this chipmakers. will discuss this rally that has to us -- still has been down since chinese competitors jumping the commodity in the u.s.. much cheaper prices. now it looks like the trump administration is pushing this. we will discuss the next step, what it means for metal. jay-z in document were has pulled his music from spotify ending his partnership with the streaming service. we'll find out if others will fo

i am oliver renick. the satirical newspapers striking fear in the hearts of french politicians.ost-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy.

i am oliver renick. we are coming at you from the magazine's headquarters in new york.aper striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek." so much this week. you guys take a look at stents.

obstfeld: and oliver: i am oliver renick. welcome to "bloomberg markets."here are the top stories we are covering on the bloomberg and from around the world. financials leading the overall rally while the nasdaq past the 6000 for the first time. -- terrifyingp saying canadian dairy might be next. the big mac makeover leads to a supersized gain in sales. we will take a look at how the ceo brought people back to the golden arches. u.s. markets close in about two hours'

i am oliver renick. fitness where the slide from prosperity to poverty and chaos.ffects on the region. we go to canada, justin trudeau opens up to our editor about working with donald trump. then, the prestige, power, and celebrity influence of sheryl sandberg. all that ahead on "bloomberg businessweek." ♪ olivercarol:

oliver: i am oliver renick. carol: the uphill battle president trump may face. k about the cyber hackers targeting central banks. carol: the reinvention of espn. oliver: all that ahead on "bloomberg businessweek." ♪

oliver: i'm oliver renick."bloomberg markets." ♪ scarlet: we're live in bloomberg world headquarters in new york over the next hour, covering stories out of washington, moscow, and soul -- seoul. in the market, stocks are stumbling. financials leading the decline. investors keeping a close eye on geopolitical event. an economic news, the international monetary fund upgrades the global growth forecast but still warns that forecasts could undermine a growing economy. ibloomber exclusive with esther george. what one of the fed more hawkish voices tells us about how many rate hikes are appropriate this year. markets close in two hours time, julie hyman is tracking all the moves and goldman sachs is earning report

i'm oliver renick, welcome to bloomberg markets.are life and bloomberg world headquarters in new york over the next hour. we are covering stories of washington, paris, and beijing. here are the top stories. we begin with markets risk on, offering major u.s. indexes on track for their best face since march following the sunday french vote. treasuries and gold falling with investors betting on a micron -- macron victory in the second round. treasury secretary steve mnuchin telling reporters the president trump is working hard to keep the government from shutting down. plus, turner broadcasting chairman john martin says, companies are moving advertising boat -- dollars back to tv from digital. more for my interview with him later this hour. let's get more context and numbers. julie hyman, it was up at the start of trainin

oliver: i oliver renick. markets." ♪ scarlet: we're live in bloomberg world headquarters in new york, covering stories at los angeles, washington, and paris. here are the top stories we are covering on the bloomberg and around the world. jpmorgan ceo jamie dimon releases his annual letter to shareholders. high the highlights, the u.s. corporate tax rate has caused considerable damage. he also explains why brexit is a key concern. we have details ahead. lackericfreys, jef announces his immediate resignation with the departure of a hawkish member of the fed, we look at what big changes, if anything, the federal bank. big winners in last night ncaa finals, north carolina and cbs. "the ratings winner for the network. we look at the numbers and what it means for broadcasting.

oliver: i am oliver renick. and we are coming to you from newde the magazine in york.hustlers making a living from coding contests. what life is really like on the border between the united states and mexico. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with "bloomberg businessweek" editor-in-chief megan murphy. so many stories, double-issue.

i am oliver renick. you from the at newzine's headquarters in york.n the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek." so much this week.

i am oliver renick. finally, what could be the most expensive mistake for the u.s.ere with the editor and chief of bloomberg businessweek, megan murphy. we want to talk about something and technology. this is something that can be so crucial and

i'm oliver renick. scarlet: i'm scarlet fu. gates is counting on private is him when it comes to fighting global disease. the microsoft cofounder talks about the importance of having a dialogue. >> i am a strong opponent. you can see them early and catch them before they get completely quickly, thank goodness. if we understand on health, we will have a flu epidemic. an epidemic of some unknown .athogen we have had leaders like general mattis now secretary of defense in the united states. particularly, being ready for , it would be an epidemic. you don't want to get out of balance. troubled aboutn the cuts in health funding in the united states of america. what is the possibility that cuts could be scaled back? there is ai think good chance that the administrative proposal of the executive branch won't end up being the exact budget there. there are things like the hiv life-saving work that gets done that has a very strong backing in the congress. budgets go through congress and they require enough votes in the senate. it is comp

oliver: i am oliver renick.am abigail doolittle. ♪ julie: we are live from bloomberg world headquarters in new york over the next hour. wee are the top stories covering on the bloomberg and around the world. are priced stocks according to bill gross. theoins minutes from now on latest investment outlook. in corporate news, off to a strong s. morg and citigroup have results that topped esmates. wells fargo falls short. arein media, cable networks teaming up for customers who don't want to pay a premium for sports. how big is the demand for entertainment only packages? i can tell you one person who might be into that. let's check on where

i am oliver renick.politics and policy section, the senate's investigation into russia's interference in the election has the main act. we spoke to matt phillips. matt: here is what we know -- in the intelligence community, by january, order of the obama administration, concluded russia did attempt to interfere with our election, and it did so to benefit president trump. now we haveb of -- two congressional investigations ongoing, senate and house, it is the job -- and the fbi, too, that we know very little about, actually -- it is the job of these investigators to answer the question whether there is any evidence that suggests trump associates, either affiliated with the campaign or the administration, had anything to do with, had any knowledge of, these facts laid out by the intelligence community that, yes, russia willfully interfered with our election. the real dynamite will be whether they find any evidence that ties this directly back to the president. but there are a lot of questions that exist be

i am oliver renick. abigail: i am abigail doolittle. bloomberg markets." ♪ oliver: we are live from bloomberg world headquarters in new york for the next hour. plus we will cover stories out of washington, moscow, and beijing. here are stories we are following on the bloomberg terminal and around the world. stocks are falling in the vix is trading at its highest levels since november. concerns about geopolitical tension are on the rise. tensions,ng of those meeting with the president, bloomberg is told trump will break his promise to label china a currency manipulator and will likely circle back on health care. we will have more on that ahead. brands like tommy klein and tommy hilfiger join us. apparelof the largest companies oppose the president and stays competitive despite an industrywide slowdown in retail space. more than an hour -- one hour away from the close of trade. off,little bit of a risk that is true. we have seen quite a recovery. these were down as much as .6%. really coming off the lows of the session. that is good news.

oliver: i am oliver renick. and we are coming to you from inside the magazine in new york.stlers making a living from coding contests. what life is really like on the border between the united states and mexico. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with "bloomberg businessweek" editor-in-chief megan murphy. so many stories, double-issue. and the technology section, you look at hackathons. megan: there is also a way to make enough money to only work on the circuit.

. ♪ welcome to bloomberg businessweek, i am oliver renick.ezuela's issue, venezuela slides from prosperity to poverty and then chaos. and then we go to canada. justin trudeau the prime minister opens up to john micklethwait about working with president donald trump. and the the proceeds, best-selling author. all that ahead on bloomberg businessweek. >> w