workers. ,ompanies talk about churn unskilled workers are leaving for higher wages and realize theyve to pay more to keep those workers, so with a lag, you will start to see more wage pressure. i believe in the months ahead. >> ok. ♪ ♪ you are watching "bloomberg best." tightens of media and tech gathered for the conference of allen and company to lay the groundwork for megadeals. policyar, politics and worth the main topics of discussion. david gura caught up with a few of the big-name attendees. >> here we are with the aca that could fall apart. we have to fix it. changes, a host of some recommended already i the other side of the aisle, i partisan bills introduced. that and getsider over the notion of politics of repeal and fix aca and get to other agenda items more important for the country down this bill. >> how engaged with this process you want to be? is eager to fly that. what is the quality of the conversation between you, the administration, congress about what needs to change? engaged and have proposals on the table to make it better. re-insurance mechanism as we build a

seeing wage pressure for skilled workers, but we are now starting to see more wage pressure for unskilleds i talked to talk about the term churn. unskilled workers are leaving for higher wages and realize they will have to pay more to keep those workers, so with a lag, you will start to see more wage pressure i believe in the months ahead. >> ok. ♪ ♪ >> you are watching "bloomberg best." this week, titans of media and tech gathered for the conference of allen and company to lay the groundwork for megadeals. this year, politics and policy were among the main topics of discussion. david gura caught up with a few of the big-name attendees. well here we are -- >> well, here we are with a bill called the aca that could fall apart. we have to fix it. there are a host of changes, some recommended already i the other side of the aisle, in a bipartisan way, or there are bills introduced. we should consider that and get over the notion of politics of repeal and fix aca and get to other agenda items more important for the country down this bill. >> how engaged with this process do you want to be? i

who have come into this country as immigrants, people with the necessary skills or the necessary unskilledy clear that they wanted tighter control of our borders. once one has accepted that, once one has also accepted free trade, the logic is inescapable that one must leave the single market. what i believe, and my nose which is close to the ground, is that the future will have blood on the streets because up at the level that we are, we cannot give the benefit of the doubt, we cannot go to people who we know are not doing as well as we could and say to them, let's work together. and when lord 0ak said earlier that, in fact, the poor are going to pay for brexit, i say, ok, how can the house of lords and the house of commons stop the poor playing for brexit? lord baird. mps elected a new deputy speaker on wednesday. labour's former chief whip rosie winterton will serve alongside lindsay hoyle and eleanor laing, who were both re—elected. they will help john bercow to keep order in the commons. gabrielle 0'neill asked a former deputy speaker, nigel evans, if he could pass on any tips to the n

so rather than them just being field laborers, unskilled field laborers, they could come up here and learn a skill, blacksmithing, carpentry, house joining. these are a few of the many skills that enslaved people learned and jefferson considered this an improvement over being out in the fields with wheat or tobacco or the other crops. if you come here and you know that jefferson is the author of the declaration, the iconic words all men are created equal and you find out that he owned 600 slaves, he looks pretty bad. but in jefferson's mind he wasn't a hypocrite because he believed he was making changes to the institution of slavery that would pave the way for abolition. he's trying to reform it, changing housing, and he believes this is a gradual process that will inevitably result in emancipation further down the line. we know more about monticello than any other plantation in north america. it's the best documented estate. and because of that we know more about the enslaved people here than anywhere else. we've been able to put together the most comprehensive portrait of life for

we are now starting to see more wage pressure for unskilled workers.about the word "churn." unskilled workers are leaving for higher wages, and they realize they will have to pay more to keep those workers. lag, you willa see more wage pressure in the months ahead. we are seeing labor shortages across industries. increasingly, for unskilled workers. that makes me think we will see more wage pressure. tom: robert kaplan, i think you and john williams are attuned to dynamics. analysis oftiful the timeline of rate movements versus balance sheet movements. our carl riccadonna is focused on the dollar dynamics of unloading that balance sheet. do we care about currency movements when we finally taper to this or that? robert: currencies and the dollar strength or weakness is something we watch carefully. i am sitting in a country that has had enormous currency volatility. that has spurred inflation here. the central bank of mexico has had to raise rates 10 times over the last number of months. so a very volatile currency can have an effect. own judgment on th

thousand plus to put to work in place right now are we talking about skilled labor are we talking about unskilled labor we are these you know train workers that almost it's almost as if they're. unrecognised engineers these people that have to go out and build these roads are we just talking about the guys who are who are digging when we talk about this who are we visualize and it's going to be need at the most whereas the big gap there will all of the workforce that we need to have in the construction industry has a skill that brings value of course not to say not to say that there is no obvious lead not but it requires everything from a carpenter to a plumber to a superintendent to a form into a project manager to an estimator that's a challenge that we have we keep talking about infrastructure in this nation but. what do we need to focus on for the roads in the bridges are obvious choices for a lot of people in a very visual but what other critical areas should we be focusing on and focusing on training our talent for when i think we need to focus on getting the supply of talent in place becau

unskilled workers are leaving for higher wages.e going to have to pay more to keep those workers. with the lag it, you will start to see more wage pressure. he said that that is moving closer to being full. be -- according to sky news, they are competing with investors and china. they own 70% of jimmy choo. that's the latest bloomberg does this flash. you know what snacks. the battle is next. this is bloomberg. ♪ vonnie: it's time now for our global battle of the charts. you can always access these charts on the bloomberg i running the function feature the bottom of your screen. we have a transatlantic battle today. kicking things off is sophia. about: my chart is all why the trade we saw after the u.s. election in november last year, why it is completely faltering now. i have a chart showing bond yields and stocks. this is where they are moving weekly. i highlighted this area in green this is the longest streak since october and equity prices are rising. if you're holding a bond and inflation is flat, there is no price rising in t

palestinians are the intellectual and even moral leaders of >> unfortunately there are still too many unskilled. there is at best seasonal and temporary work. street cleaning or other menial jobs in the amps. for the women, domestics in the home of the more fortunate. although there is a palestinian workers union to protect them from being exploded, the life of these people remains meager and insecure. to remedy this situation and better channel the energy and productiveness of the palestinian people, a eries of workers cooperative scott launched in 1970. in arabic, it translates as steadfastness, the idea of never giving up. the palestinians see this as a productive part of the people in exile. the idea is to rovide some sort of vocational training, and to equip as many of them become financial independent both now and tomorrow when they will have returned to palestine. there independent both now and are several fields of activity. industrial development, and even an agricultural sector under which a few palestinian provide technical assistance in several african countries. so far, 3000 people

we are now starting to see more wage pressure for unskilled workers.e term "churn." --killed workers are leading are leaving for higher wages, and they realize they have to pay more to keep those workers. i think with a lag, you are going to start to see more wage pressure in the months ahead. ♪ anchor: you're watching "bloomberg best." titans of media and tech gathered in sun valley, idaho for the annual conference. traditionally it is a meeting place for power players to lay the groundwork for megadeals. this year, politics and policy were among the main topics of discussion. we got up with a few of the big-name attendees. here we are with a bill called the aca that could fall apart. our view is, we've got to fix it. there are a whole host of changes recommended already by the other side of the aisle or in a bipartisan way. there are bills introduced. i think those are important things we have considered -- we should consider. should get over the politics of repeal and get on to fixing the aca and getting to other agenda items that are more important

. >> that's a lot of unskilled work or people who don't have the right skills for the economy.nd that certainly, at least, has been one criticism of the current administration's approach in terms of trying to bring a rebound in manufacturing when, in fact, the economy has moved on to a certain extent. >> well, there's still a lot of high-paying jobs i know this is not a skill -- an unskilled job that many people want there are still many high-paying jobs building pipelines. i know that is a manual job but you can make 70, $80,000. >> welders as well, a shortage that's been around for a long time math skills, quite significant math skills required for welding. >> speaking of production, oil is about the only thing working at the moment. chevron and exxon are leading the dow. goldman, jpm toward the bottom of the list today. >> look, at a certain point you're going to have to buy jpm. a lot of these are about what janet yellen, that dovish talk on the hill really has been -- they're going to make a lot of money. >> you were all jpm 100. >> i'm not keeping you on that. >> $9 away

. >> it is unskilled and dangerous. it can lead to bone loss.um disease and tooth loss.>>> reporter: these graphic images providing just how much damage items like rubber bands and hair accessories can cause. >> you will keep pulling until you feel like it is pulling your teeth.>>> reporter: this orthodontist in beverly hills speaks. >> it can creep up around the teeth and cause bone loss. >>> reporter: according to the american association of orthodontist, 13 percent of all new patients are seeking corrective health from do-it- yourself teeth straightening methods they found online. corrections can include tooth replacement, gum surgery and even extended treatment time to repair diy damage. still, these warnings do not seem to scare everyone >> nothing happened to me. brandon used elastic hairbands to close the gap between his teeth and posted a video about it. that video has been viewed more than 318,000 times. >> some people are thankful i posted this. because it has changed their lives. they fixed their teeth.>>> reporter: the los angeles ph

however, whether unskilled migration is bad forthe economy.e british medical journal, it‘s argued that taking antibiotics for longer than necessary, can raise the risk of developing a resistance to the drugs. however, england‘s chief medical officer says people shouldn‘t change their behaviour because of one study. dan johnson reports. growing resistance to antibiotics is an increasing problem around the world. they become less effective, because we take so many of them. that means deadly infections spread more easily. now, some researchers say it is time to end the blanket prescription that every course should be completed. writing in the british medical journal, the group of experts claim there is no evidence that stopping some antibiotic treatments early increases the risk of infection. they accept more research is needed, but suggest new advice, like stop taking them when you feel better, could help. until the research clearer gps will follow the current guidance. until the research clearer gps will follow the current guidancelj follow the

. >> it's unskilled. it's dangerous. it can lead to bone loss. gum disease.orter: these graphic images providing just how much damage items like rubber bands and hair accessories can cause. >> keep pulling until you feel like it's like pulling your teeth. >> reporter: dr. doby praro is an orthodontist in beverly his. >> rubberband is creep up around the teeth and can actually cause bone loss around the tooth. >> reporter: according to the american association of orthodontists, 13% of all new patients are seeking corrective help for do it yourself teeth straightening methods they found online. costly corrections can include tooth replacement, gum surgery and even extended treatment time to repair diy damage. still, these warnings don't seem to scare everyone. >> nothing happened to meme i'm alive. >> brandon andre used elastic hair bands to close the gap between his teeth and then posted a video about it. that video has been viewed more than 318,000 times. >> some people really thankful i posted this because it's changed their lives because they fixed their te

where there are going to be fewer and fewer jobs available for people who are what are considered unskilled. people who either dropped out of high school or have a college degree. there is a time when you didn't even necessarily have to finish high school in order to get a good job that could support yourself and family, you could get a good factory job. you could get a good industrial job and support yourself and family. that's not true anymore because of global capitalism and deindustrialization, factories have closed down, moved overseas and left entire communities and neighborhoods devastated and there is no plan to save us. the war on drugs and the get tough movement was a response in many ways to communities that are no longer needed but are deemed disposable. during slavery, we were needed whether you were male or female, you were needed in the field. during jim crow, there wasa role for us as well and if people fled , jim crow and they came to northern cities, they were able to work in factories to support themselves and now those jobs are gone. and there is no plan to invest heavil

classic, they're stealing our jobs fashion, the act prohibited the immigration of all skilled and unskillede laborers. which covered a lot of people who were trying to immigrate here. the act wasn't repealed until 1943. it's been a complicated 200 years of a love/hate relationship. friends? not friends. friends. nope, not friends. friends again. friends. still friends. friends. not friends? >> it's the changing, ee vofling society and i think that we tend to fix it in our imagination as just one thing. in terms of politics, economics, even the people and culture, you know, the way they are now versus the way they were ten years ago. >> if you had the ear of the man in power of this country, how would you explain china to him in a way he can understand? i guess, you got to speak in tweets. >> yes, which i don't do. >> no, no, you don't. but what would you say to explain how he should be thinking about china? >> i would say cooperation, collaboration, and not antagoni antagonism. >> there's also this thing has come out now this fear of them taking over because they're so huge and the global e

. >> unskilled, it is dangerous, can lead to bone lost, gum disease, tooth lost, the rubberband can actuallyund the teeth, can actually cause bone lost around the tooth. >> remember that's actually shifting your teeth, it can loosen the teeth itself. all of this could jack you up, cost about $45,000 in repair. they advise people should let the professionals handle any dental issue. >> we will be right back. ♪harry's meeting clients... ♪...from far away. but they only see his wrinkles.♪ ♪he's gotta play it cool to seal the deal.♪ ♪better find a way to smooth things over.♪ ♪if only harry used some... ♪...bounce, to dry. ♪yeah! ♪he would be a less wrinkly, and winning at life.♪ from the pennsylvania lottery. and pay day has progressive top prizes. you could win fast. faster than this? (slurping) fast play. play fast. win instantly. >> welcome back, fan of casino history you're in luck, items for the now de funk taj mahal casino resort go for sale 10:00 this morning, liquidate ores clearing out the entire place to make way for the hard rock hotel and casino, everything from poker tables, which w

the first senator says after hearing the two versions we must not think that the turk is so unskillful to leave the latest which concerns have first, neglecting an attempt of these and gain to waken wage a danger prophet less. he's using the probability, why would the turk beheaded there-- be headed their. this is a perfect example of how you sifted the probability based on the information that you have. it's true people sometimes lie about or obscure where there are broad as and ships are going. [laughter] >> if the question of waiting probability versus acting rashly. what makes life dramatic is that we have to act without complete information. it's an unavoidable fact of our existence, a fact that makes all real choice in human life compelling. number three, he knew reputation as a bubble and that it is easily popped. if you look at 17th century dutch still life paintings sometimes you will see a figure of a child with a little pipe blowing bubbles. it's called-- it's an example of one of the vanity themes in dutch still life paintings and one of the warnings against vanity. reputat

a girl works 40 hours a week, he should make an effort to support himself, not a family, this is unskilled work. problemr is the basic that i have so much money to do a job, i need for people to do it. if you tell me i have to double the price of the people i employee, i have to go out of business or figure some way to charge much more. it just does not work. host: you can start. minimum wage, no one is debating, some people will benefit and there will be some costs. there is clearly some business -- there are clearly some businesses that cannot afford to see labor costs go up and there will be consequences. maybe in the first phase, because we have not talked about doubling the minimum wage yet, even though i guess if we were doing it at the federal level, $15, in the first, some people may lose their hours and some people may not be hired. all people will stand the sidelines because they will not -- they will not be hired because productivity is seen as ,ot worth the new wage level and then going forward, some people actually lose their jobs and that translates to lower wages and lower c

policy institute talks about the department homes meant -- homeland security announcement to increase unskilled words are dutch worker visas by 15,000 this year. worker visas by 15,000 this year. >> is going beyond any sought i would have ever had for myself. we love this job, we love this department, and a plan to continue to do so as long as that is appropriate. ♪ that was attorney general jeff sessions, vowing to take in his post at the helm of the justice department, despite president donald trump statement in the you -- new york times interview that he regretted giving sessions the job after he recused himself from the russia investigation. yesterday, white house spokesperson sarah huckabee sanders said that president trump "has confidence" in attorney general jeff sessions, although he was disappointed in his decision. so we are asking our viewers, should jeff sessions remain attorney general? democrats can call (202) 748-8000. republicans, (202) 748-8001. independents can call (202) 748-8002. you can also reach us on twitter and on facebook. and this morning, politico has more about thes

what does that mean in practice if there are farmers and food producers whose needs of this unskilled the case. this is where people make the mistake. what the government is not saying is there will be no migration from the european union, that would be absurd. but it will be done on the basis of a uk immigration policy. we will allow in people we want and keep up the people we don't want. the free movement allows everyone in and that is what the difference will be. the overall will be less people coming in from the european union. chris mason has been making the point because it is difficult to know what will follow march 2019 because we don't know at which stage the deal will be at and what it will look like. equally, we might not have a procedure in place to vet people, the process people who are coming in. we might need that slack? chris mason is right, that he doesn't know what's going on, because that is the whole point. david davis and the reason may our negotiating in total secrecy. it is great credit to the european union there are no leaks. it may be the bbc journalists don'

stuck in cheap service jobs that are going to be relevant by automation, and they don't want mass unskilled immigration. that would actually be a good and effective pivot for trump right now. . liz: and, mark, you know, to charlie's point. the leaks have had big national security implications after the manchester bombing. teresa may made a televised statement saying we're not going to share intelligence with u.s. intelligence because you guys are leaking and threatening our terror probe to catch this guy. >> that's right. and that's part of the five thing that united states is in with britain and new zealand australia. they're not happy with fbi and intelligence agencies leaking serious information that is not just about sean has nottity. when you've got the fbi general counsel leaking for political purposes, i have a real problem. and when you have -- you shouldn't have 17 intelligence agencies. that's at least 8.5 too many. and when you do, and they're leaking essentially for domestic political purposes, that's deeply destabilizing for american alliances. liz: let's take this back to char

policy institute talks about the department homes meant -- homeland security announcement to increase unskilled words are dutch worker visas by 15,000 this year. worker visas by 15,000 this year. >> is going beyond any sought i would have ever had for myself. we love this job, we love this department, and a plan to continue to do so as long as that is appropriate. ♪ that was attorney general jeff sessions, vowing to take in his post at the helm of the justice department, despite president donald trump statement in the you -- new york times interview that he regretted giving sessions the job after he recused himself from the russia investigation. yesterday, white house spokesperson sarah huckabee sanders

. >> it is unskilled. it is dangerous. it can lead to bone lost, gum disease, tooth lost, the rubberband can actually creep up around the teeth and then can actually cause bone lost. >> so you can lose your teeth, wind up being more expensive. not saving money by putting the rubber bands around, they say can run up to $45,000 to fix the mess you make of your mouth. so they say let the professionals handle your dental issues. >> i see the braces can be expensive, not the way to do it. >> both my daughters braces, one every them had braces twice. >> really? >> i think we took them off too fast or something. >> really? >> yes. >> i had braces. >> well look at your teeth. they're perfect. they great job. >> well thank you. >> beautiful. >> it's been a while, though. >> i won't do my own dental work but i have done my own plastic surgery. >> how did that work out? i guess we're still seeing. >> still hurt. well it, wasn't my face. >> oh, okay. >> it hurts. >> recent high school graduate, by the way, 7:27. scott has an update on

people will be losing their jobs, which is an awful rain, as more skilled and unskilled jobs we havematedn, the productivity gains you get from that automation activity will help offset the massive problem china and all these economies in asia will face with declining or flattening this ison growth, so china's one opportunity to get it right and remain the manufacturing workshop for the world. is robotics the answer to avoiding the implication of china's economy and other asian economies that will inevitably end up in that aging population situation? >> it is coming whether we like it or not. china knows that and is being smart about that. as they move towards industry 4.0 and planning, they are thinking about how to intelligently use robotics, make themselves a leader in robotics automation before this wave creates issues in the economy and society they had not isicipated, so our view chinese companies engine general need to go out in the world and poll in the best thinking out there to make sure they are a leader in this area. haidi: how do you invest in that? what have you invested int