. —— robert schiller.on ramsey, he is complaining that too many are coming into the restaurant complaining that they are intolerant of gluten, wheat, garlic or tomato. it says here that 50 customers —— in raymond blanc‘s restaurant, that 50 customers come in with issues over food. the reality is if you have allergies, you have allergies, no chef wants to put themselves in a position where they have a customer who has turned ill because of a result of this. it can be serious. he is talking about people who are saying that they are gassy when they have eggs, which i'm sure a lot of people do. but he says it is part of the trendy eating culture. i suppose if they are 50 customers, getting their bespoke dishes from raymond blanc, you would feel rather special. he isa you would feel rather special. he is a michelin starred chef, surely he can cope? as customers we are demanding the things we want. it is not cheap to eat in a two—star michelin restaurant. it maybing showing that food in this country has changed

robert schiller is joining other economists to call bitcoin a bubble it appears that no bubble in economicistory has been more obvious than this one. a reminder to listen to my reports coast to coast on the salem radio network. up next, alabama's senate election tomorrow. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. [vo] progress is an unstoppable force. the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidenc

robert schiller is joining other economists to call bitcoin a bubble it appears that no bubble in economicistory has been more obvious than this one. a reminder to listen to my reports coast to coast on the salem radio network. up next, alabama's senate election tomorrow. ♪look into my eyes ♪you will see ♪what you mean to me ♪don't tell me it's not worth trying for♪ ♪you know it's true ♪everything i do ♪i do it for you ♪yeah, i would fight for you♪ ♪i'd lie for you ♪walk the wire for you ♪yeah, i'd die for you ♪you know it's true ♪everything i do ♪i do it for you lou: it's election eve in alabama and a fox news poll has doug jones leading rye moore by 10 points. but that's poll seems to be the outlier. real clear politics has moore leading by 2 points. >> these allegations are false. i did not date underaged women and i did not molest anyone. reporter: a fox news poll shows 39% of likely alabama voters believe the allegations against moore compared to 33% who think they are untrue and 27% who are unsure. >> i am undecided. probably leaning to vote for roy moore. but i'm concerned about the

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robert schiller is joining other economists to call bitcoin a bubble it appears that no bubble in economic has been more obvious than this one. a reminder to listen to my reports coast to coast on the salem radio network. up next, alabama's senate election tomorrow. zar: one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor. lou: it's election eve in alabama and a fox news poll has doug jones leading rye moore by 10 points. but that's poll seems to be the outlier. real clear politics has moore leading by 2 points. >> these allegations are false. i did not date underaged women and i did not molest anyone. report

i had a fascinating conversation with robert schiller, the nobel laureate from yale whether we're the problem and he said maybe, the fact we make such a big deal out of this. and one thing you can point to, you look at the number of contracts being traded. right now since futures trading began, 2,882 contracts, 2,882. gold in the same time period, 67,000 contracts. so is this really a broadly interesting financial instrument or is this a narrowly focused speculative bet by a few people that gets an awful lot of publicity? david: i'm curious about legitimacy. everybody talking about it's more legitimate. why is that, the very fact we have a market makes it legitimate? it doesn't change the underlying value of a bitcoin. michael: it may be the market itself gives it some legitimacy. you separate out what a currency is or what something like this is. it's historic value but a median of exchange. the exchange part has gone away and nobody is using bitcoin to buy things anymore. it's too volatile and why would you pay for something in bitcoin and have the value go way up in the meantime. i

a conversation with robert schiller from yale university. ofhas an interesting view bitcoin. not a fan of passive investing. 11:30 a.m.ing up at in london. this is bloomberg. ♪ taylor: this is "bloomberg surveillance." let's get the bloomberg business flash. abouton't have to worry more punishments for lapses in money laundering control. they reached a prosecution agreement with the u.s. justice department and it has expired. the government will ask that charges be dropped. they were fined $1.9 billion for helping mexican drug cartels to launder money. in talks about a standstill agreement on a one point $8 billion margin loan. according to people with knowledge of the matter, they want to agree not to sell stocks to back financing until next year. they dropped more than 80% last week after they were unable to publish financial results. and an offer that would create one of the world's biggest real estate firms has been rejected. down for killned properties for a bid to acquire the stake. to repurposeng shopping centers. that is your bloomberg business flash. guy: thank you.