tom barrack says -- tom: it is sending shockwaves.hen it is off the cuff he is doing it for reason. >> he expects trump to start filling his offices. tom: the tax bill will be his greatest people hope, and it will be as bad as the naysayers think. ♪ >> the trump administration has been plagued by two medication problems. from embarrassing leaks, to embarrassing tweets. the constant barrage we get of next messaging of leaking, why is it he has been unable to get a grip on that? is it because the difficulty in adjusting to the establishment in washington? party refuses to change his own rules of the game? tom: my perception of it is because he wants it the way it is in other words, it's a consequence of attacking the institutions. when you attack the cia and the fbi and congress and you attack the diplomatic corps and the state department, all of bureaucracy can do is protect itself. within the white house things are actually running pretty well. all the rhetoric between jerod, he's 36, unbelievably considerate and thoughtful mind and a

tom barrack says -- tom: it is sending shockwaves.hen it is off the cuff he is doing it for reason. >> he expects trump to start filling his offices. tom: the tax bill will be his greatest people hope, and it will be as bad as the naysayers think. ♪ >> the trump administration has been plagued by two medication problems. from embarrassing leaks, to embarrassing tweets. the constant barrage we get of next messaging of leaking, why is it he has been unable to get a grip on that? is it because the difficulty in adjusting to the establishment in washington? party refuses to change his own rules of the game? tom: my perception of it is because he wants it the way it is in other words, it's a consequence of attacking the institutions. when you attack the cia and the fbi and congress and you attack the diplomatic corps and the state department, all of bureaucracy can do is protect itself. within the white house things are actually running pretty well. all the rhetoric between jerod, he's 36, unbelievably considerate and thoughtful mind and a

tom barrack says -- tom: it is sending shockwaves. when it is off the cuff he is doing it for reason. >> he expects trump to start filling his offices. tom: i'm optimistic the tax bill will be his greatest people hope, and it will be as bad as the naysayers think. ♪ >> in its first few months, the trump administration has been plagued by two medication problems. from embarrassing leaks, to embarrassing tweets. the constant barrage we get of next messaging of leaking, why is it he has been unable to get a grip on that? is it because the difficulty in adjusting to the establishment in washington? or is it that he refuses to change his own rules of the game? tom: my perception of it is because he wants it the way it is in other words, it's a coequence of attacking the institutions. when you attack the cia and the fbi and congress and you attack the diplomatic corps and the state department, all of bureaucracy can do is protect itself. so, within the white house actually, things are actually running pretty well. all the rhetoric between j

megan: a conversation with tom barrack on this bloomberg businessweek debrief. st cut to the chase from your perspective. is there a method to the madness we are seeing in washington right now? tom: no. [laughter] megan: you can all go home now. tom: is there a method? first of all, the first year of any administration is chaos. if you look what happened to president reagan, president clinton, president obama, just finding the electrical outlets are difficult. this president coming from business -- the campaign, transition, governing. governing is complicated. all of you have a p&l and a balance sheet. am i doing an ok job? we have metrics. in washington, the mantra is lay claim to victory after it is won. great politicians say i'm not setting the agenda. the agenda is established by 660,000 bureaucrats. 535 congressman. that calibration of that agenda will find its own level. if you want to be a great politician, claim victory after it's already won. no one knows who is responsible and not responsible. this president who, by the way, is not in the best situation

tom barrack helped invent this mortgage-backed security. of these homes they bought with cash outright all around the country and bundled them together into huge mortgage backed securities, which was basically like taking gigantic home equity line of credit out of all of these houses. so this one house i am talking owned byatlanta, it is a mortgage-backed security. another house in los angeles that i spent a lot of time reporting on where a tenant got an addiction notice over a $49 sent latete -- $49 33 fee is also owned by mortgage backed securities. more than 3000 homes -- amy: time there step down after yorkies will stop >> that is right. ran oniday, our piece thursday morning and late friday, he sold all of his stock in this company that we are talking about and resigned from its board of trustees. so he is moving on to other pastures. he made a lot of money off of selling his stock. these 31,000ts in homes are left to wonder what is next now that the creator of this, the friend of the president, is moving on? amy: aaron glantz, thank y

vernon silver keeping us up-to-date with tom barrack.d the polls may not mean anything for theresa may. ships still steering the towards a majority. this is bloomberg. ♪ vonnie: live from london and new york, i am vonnie quinn. mark: i am mark barton. theresa may and her opponent firming up there positions as the better leader to navigate brexit. they have to ask not about who they voted for before, but who they want to see leading this country through the brexit negotiations. >> netting the right deal, one that secures our country's interest will be challenging. a matter of serious planning and negotiation. >> i don't think jeremy corbyn is up to the job. he has not got a plan for building a stronger economy. >> i don't do personal attacks. r's brexit team, no one has said to the people about spending money because of brexit. only one of two people will be prime minister, me or jeremy corbyn. you cannot trust the tories. [laughter] of the certainty of the outcome of the election is increasing. rob,ore, let's bring in who was on a brilli

like tom barrack reassuring that tax reform will go forward.ive us some answers are inman.eynman -- fe welcome both of you. josh, let's start with you. if you are investors -- an investor looking at tomorrow, do you do nothing, do try to anticipate or hedge? josh: i would not try to anticipate. there is a lot going on in washington. and to theough that fundamentals, coming out of the election, people got to carried away by what we might get. people have scale that back dramatically. it seems there is a danger that people -- the pendulum may have swung too far and people may be discounting any possibility from trump. even is a better than chance of getting something before the end of the year. much scaled-down from the big plans, but something. rip legends in congress will say if we don't do anything, we are in a lot of trouble. david: that is what tom barrack said. will you be watching the comey testimony. will it be for the interest in it or will it affect the value? >> it would affect someone's .alue if testimony comes out you get these feeli