o our das are bill taylor and paul taylor, and they run taylor shellfish. >> and i'm brittany taylor, and this is diani taylor. >> that, too. >> and we're the fifth generation of our family to work for our family business. i really take pride in the fact that our company's part of a big community and it's very family-like. we have many families, not only mine, but many other families that have their whole families that work for us. >> the ocean is so acidic that it is dissolving the shell of our baby oysters. our farm is what has kept this family together. it's our glue. i can't imagine. it would be devastating to lose such a big part of our history. when we started farming oysters over 100 years ago, we relied on the natural reproduction of oysters in the bay to occur in order to get our oysters. but as the industry has changed, we started cultivating our own oyster larvae, our own baby oysters. so when we started doing that, we needed something like our hatchery, which is kind of like a greenhouse where you can raise up the baby shellfish and the baby oysters to get big enough so th

everyone from taylor swift to paul mccartney that say they do not like the way you do business.e a future where there is a middle ground? susan: working with the music industry, i learned there are a lot of constituents in the music industry, and they do not all agree with each other, right? there will be labels, artists, publishers, and so i remain very hopeful that, as the online models of subscription and advertising become more developed, that over time we are able to come to a place where everyone agrees on that future vision. i actually think we are getting there, because we are starting to see the online subscription and streaming numbers pick up. we are starting to see more revenue from advertising. we have paid out $3 billion to the music industry sense inception. i think, as more time goes by, it will become more clear on what these models are and will -- we'll be more aligned. emily: how are you thinking ?bout the later -- about vr because some people think google needs to buy or develop their own. susan: i think everyone is trying to figure out what is the best way,

taylor rule not going anywhere. vonnie: this is to an extent a response to randy quarrels talking about rules-based. paul a different school, a different ilk. kevin: ads is janet yellen, who has the now frequently against the taylor rule. there wereo note some troubling the administration would get behind some type of glass ceiling. he has doubts about that as the many other people in the white house. not happening. vonnie: kevin cirilli sums it up. our chief washington correspondent right outside a beautiful sunny white house in washington, d.c., today. president trump is hosting the italian prime minister at the white house later today. you can watch the press conference at 3:50 eastern which you can watch on bloomberg television. this is bloomberg. ♪ >> 1:00 in washington, six in london, bloomberg world headquarters in new york. i'm david gura. a focus on politics and policy during president trump's first hundred days in office. here are the top stories we're watching. at a conference in washington. the iff brings together senior policy makers and financial industry leaders. we will bring you the trea

paul -- monetary policy. is this signaling a victory for the chairman, john taylor? bloomberg.com >> is a minor victory.er it is a translation to a major change will be up to president trump. the funds to put who thinks the fed should operate under a rules-based system -- a lot of john taylor in the famous taylor rule. taylor rule print now should says you should have interest rates at a small right. it's a question of how he would defend it, for his appointment. the key is, janet yellen and stan fischer may or may not be back next year is there an -- chair and vice chair of the fed. it is possible that you move towards a more rules-based system. you prly won't get it instituted as law because it is not popular in the senate as it is in the house. but it could be in practice, something they do. --id: a federal result reserve building in washington has his wife's name on it. what we know about the role of the federal reserve will play when it comes regulatory reform? pringle -- if he becomes the vice-chairman, it will probably be a later handed fed. , the fed hasnk installed legions of bank executives at

taylor: trump is setting up a potential battle over taxes with house speaker paul ryan.he corporate tax rate to 15%. it lessned that cutting than 20% would add to the deficit and he would oppose it. and he said he would hold off on demands for money to build a wall along the border with --ico or that could avert along the border with mexico. that could avert a government shutdown. the u.s. and north korea are flexing their military muscles today. the submarine the uss michigan has been ordered to depart for south korea for what is called a routine patrol. north korea reportedly celebrated the 85th anniversary of the founding of its army with its largest ever live fire exercise. distancingen is herself from the far right national front party her father founded. temporarily is stepping down as head of the party. it is a move to widen her appeal before the may 7 runoff. emmanuel macron leads le pen by more than 20 points. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. tom: let's look at the data. equities, bonds, c

taylor, good to see you, sir. >> good to see you. >> let's begin with the russia investigation right now. paul ryan, again today, expressed his confidence in chairman devin nunes. yoursenator, m mccain, had this to say this weekend. listen. >> if we're really going to get to the bottom of these things, it's got to be done in a bipartisan fashion. as far as i can tell, congressman nunes killed that. >> all right. let's talk about this. do you think the house intelligence committee is going to be able to get to the truth, or is this devin nunes thing muddying the waters too much? >> at this moment, i still believe that the house intelligence committee, as well as the senate, too, are still perfectly able to perform the duties they're supposed to be doing. i'm not ready to call for a special investigation. i think there's been partisanship on both sidesof course. i watch adam schiff and others on your program all the time. it is partisan. the russia thing, it is serious when you have potential interference into our elections from russia. but i think the bigger thing for us as a nation, because no

paul ryan who was not here on the trip because he was overseas. traveling with the president and wisconsin, fox news. >>> for more on all this i'm joined by james taylor. professor thank you for joining us. how effective do you think this buy america, hire american policy will be? >> i think it's not good policy. i think it reiterates his campaign agenda and campaign promises. he showed that steve bannon is not nearly as modern as people imagined he was. donald trump is in anticipating how this will drive up costs without increasing wages. and how this also results in layoffs and microeconomic negative effects. as a businessman, you would think he would understand that even though he is assigned to be the manager of the us economy that's economy, trying to determine basic operations of organizations at this level is a merging of the corporate state that is troubling to business people around the country. he is forcing some to accept his policies that will negatively affect them like the visa and how it will be negatively affected. he benefits by not touching it but it hurts here in california and the silicon valley. these conflicts as the last segment