business correspondent stephanie baker joining us. tor of open britain. stephanie, you have written great stuff on the sectors and individual stocks that should benefit or really move on brexit. has anything changed in the last two weeks? stephanie: i think long-term sterling has had the biggest impact in terms of winners and losers. i did airlines, you have seen, have been struggling because of the collapse in the pound. flipside, anyone who exports is doing quite well. any companies that are earning primarily in dollars that are in sterling are benefiting. burberry, for instance. one of the interesting things we should be watching is in the food sector. i think food manufacturers will be facing higher inflation, higher costs, both from having to recruit -- difficulty recruiting labor. sainsbury'se yellow mourn about it -- warning about inflation. we had marmitegate. will there be price increases? stephanie: it will be a difficult time for food retailers. in a price war, in a competitive market, a are going to be facing higher prices

let's get the latest with stephanie baker. l with us for the hour, john studzinski and tina fordham. stephanie, great to have you on the program. the trump transition looks messy , but the key role is basically who he will put in place as treasury secretary. stephanie: absolutely. what we're seeing is, trump's victory surprised many people, including himself. he doesn't have the deep bench of policy experts and people that can staff his administration. he is reaching out to people he wasn't close to doing the campaign. jamie dimon being mentioned as one of them. we're getting conflicting reports that he's been asked but he doesn't want it. j.p. morgan shares reacting nonetheless. i think he's a key appointment. he needs a heavyweight to steady the ship, given the uncertainty the markets are experiencing. francine: it seems there are two people in the running, right? we don't really have confirmation. ing about trump's transition team. stephanie: the other name in the mix was the chairman of his campaign. i'm not sure if he's co

let's get more with stephanie baker.you have an following his every tweet and policy. and what we can expect. we understand this from sources within his transition team that filld trump may try to those two vacancies on the fed as soon as he comes into office. >> the more significant thing is that during his term, he will also be able to replace janet yellen and stanley fischer so potentially he could change for seats on the fed board of governors which is a massive change for the fed. this comes at a time when central banks were under pressure that their independence is being challenged. particularly important because donald trump's economic plan will make the fed incredibly important. he is calling for a massive tax cut. infrastructure spending. that is expected to send inflation up. francine: what profiles are we looking at? people that are very anti-austerity or that would really bring back rates higher? how much sway can he have with those votes? >> once he has appointed for fed governors who are beholden -- four th

stephanie baker, definitely read this story. we follow it with great interest.ou can read that article in the current issue of bloomberg businessweek. david: expectation of barclays -- michael pond is next. this is bloomberg. ♪ david: federal reserve policymakers are largely expected to raise rates at the next meeting. the inflation target is 2%. we asked a michael pond what the market is looking for in terms of inflation. michael: inflation, as priced by the markets, is fairly low. it is higher than where it was around the summer, around 1.5%, but still well below a normal 2.3% or 2.4%. vonnie: how quickly can market expectations of inflation the common inflation? risen 20they have basis points in the past couple of weeks so that could put upward pressure on inflation. we have already seen inflation go up. been belowlation had 2%, and now it is above 2% and it has been for most of this year. we think it accelerates further on continued wage gains, as the labor market tightens further. even though we expect the fed to hike in december, we think domestic inflatio

baker, congressman mike capuano and chr and petition sectary stephanie pollock wl meetith the head of amtrak. tomorrow, gornor baker will take part in a new national governors association seminar r new governors.erika: new detae lled h been seen before and surveillancevideo that went viral. theyeo fm 2010 shows michael mcginnis robng a 7-eleven in en. he rough up ore clk crafting an elderly customer to hit him with that price stamper. po say yesterday's ents d niassaulting a store crkr is time at the gulf son on th lynnway hihas t of h pockets didfired mcinnes later di at the hospital. clerk involved rok. residents in lawrence think will to be ivafter flames ripped throa home yesterday most of the 20eoplo lived one woman othe were able to thirfloowas rescued byfigh reads being cdited with knocking on othestores alerting them to the flames. >> he's a lifesaver. he saved my mom's life and he more are told e homes tota lo. cause has yet to be deteedrmin antoinetwomaa in concord, new hampshire forced to jump after flames break out at this apartment building overnight. crews found the fire