we talked with reporter tom randall. hard to keep track of, not just because he is involved in so many industries doing so many different things, but also his communication style. he will make announcements about products and goals for his companies through twitter or through public appearances, or like speaking in the middle east or hong kong. he doesn't have a normal communication software company where you put out press releases and track your goals. carol: and do wonder, how much is this a new corporate mission or he was thinking about something. tom: and i have heard it often throws employees into a loop, saying, we did not know that was coming so soon. what we wanted to do was rigorously track some of the goals and pronouncements he has made for various companies, and see how he follows his own goals and predictions. carol: tell me how you guys kind of set up a little bit of a coding system on how you were tracking his businesses. tom: right. right now we are tracking about 70 goals and this will expand over time si

we talked to reporter tom randall. >> elon musk is hard to keep track of, that is not because he is involvederate industries but also his communication style. he will make announcements about products. he doesn't have a company where you put out press releases. >> you under this is a new corporate mission. >> exactly. from what i have heard, they often throw employees for a loop saying that we do know that was coming. what we wanted to do was rigorously tracked some of the goals and pronouncement he has made for his various companies. >> tell me how you guys set up a coding system on how you were tracking all of these businesses. >> by now, we are tracking about 70 goals and this will expand over time to his for companies. he has tesla, spacex, he now has the boeing company. he also has narrow link -- a medical device company. >> i'm assuming you guys will continue this process? >> every time he makes any pronouncement, we track when he made pronouncement and when he set the goal for and then his progress along the way and when those goals move backward move forward. one of the amazing thing

tom: he is well trained, well bred, and well experienced, randal quarles.e-chairman. stanguy is not the same as fischer. same title, different mandate. came from the dodd-frank law. barack obama never filled this position, though dan tarullo sort of acted in this role. there is opening now that is being filled by randy quarles. have interviewed him before. is this guy politically-based or a see more of an operational guide? michael: he is more of an operational guy, but he worked for both george is -- torch bush bush- torch bush -- george administrations. a longtime player in washington. carlyleto work with the group now runs his own money management term in salt lake. guy: what does this mean for monetary policy? not a lot. he will be a permanent member of the open market committee and will have a vote, but his view is a little outside the mainstream. he has written article suggesting he would like to see rules-based policymaking, such as the taylor rule. all numbers of the fed oppose that. ast friday, the fed put out monetary policy report with a long ess

randall is the legislative director and counsel for representative hakeem jefferies from new york. judd smith is the legislative council for tom marino of pennsylvania. they will speak for a few minutes to describe the legislative efforts that their members are engaged in. [indiscernible] [no audio] >> sorry about that. for the past two congresses, my bosses been working to find a solution for the legal questions raised by law enforcement access. the current legal framework provided, or the electronic communications privacy act was enacted in over 30 years ago, 1986. when congress debated in acting this legislation, the internet was in its infancy. technology clearly left the law behind. it is time to bring the outdated law to address 21st century problems. until we address it, this issue will continue to rise in the last year's decision from the courts with growing frequency. last year's decision from the second circuit in the microsoft case laid out a clear directive for congress to act. he understands the needs of law enforcement to obtain evidence in a timely and efficient manner. at the same time, he recognizes the import

randall and jed smith. legislativeis the director and counsel for representative jefferies from new york and jed smith is legislative director and counsel for representative tom marino of pennsylvania. they will describe the legislative efforts that there members are facing. >> sorry about that. boss has been working to find a solution for the legal questions raised by law enforcement. or current legal framework the electronic munication's privacy act was enacted in 1986 and is woefully inadequate for the world we live in today. when congress debated and enacted legislation, the internet was in its infancy. and most were a far cry from the interconnected world we depend on today. it is time for congress to bring the outdated line to the present to address the for century problems. this issue will continue to arise in our court. a clear directive for congress to act. as a former district attorney and u.s. attorney, understand -- need of law enforcement in a timely and efficient manner. in the 114th congress he introduced the communications act, or icpa. we have also beenworking with senator hatch and senator coons. this is truly a bipartisan effort. commerce n

tom: that will keep us busy through the summer and frankly, into the fall and next year as well. you really wonder where this will go with randalthe vice chairman. thoselly wonder, between two. withll continue bhanu baweja. we will do a touch on brazil as well. in the next hour, bruce kasman with an interesting research note from jpmorgan on reflation. reflation. stay with us. this is bloomberg. ♪ guy: 23 minutes after the hour. guy johnson in for francine lacqua. the senate has approved a bill loosening decades of labor laws, a big victory for president michel temer. he is awaiting a report recommending whether he should be prosecuted or not on fraud charges. still with us is bhanu baweja. this is a big win. there is still a lot coming down the pipe for michel temer, but the labor market stuff is the easy bit and the pension market stuff is the hard bed. is the rate of change the problem? he is not making progress fast enough to get brazil out of the hole it is in? >> this becomes a big political question. when are we likely to see the next regime come in and take the mantle? i think the market has now accepted the current adm