i know you spoke to warren buffett about that. liz: i did.n fact, that got massive pickup from the west coast to the east coast to internationally last thursday. i was able to sit down one-on-one with warren buffett who of course is a huge apple shareholder. the largest position now in of course the berkshire hathaway portfolio of stocks and let us listen in to what warren buffett told fox business on thursday about an analyst's suggestion. let's listen. would you suggest that apple get into, or would you support it? >> i support tim cook. i think it would be a very poor idea to get into the auto business. it's not an easy business. liz: he says one minute you're up, one minute you're down, sort of like the insurance business. >> know what i wonder? i wonder if warren buffett will give him the money. let me point this out. warren buffett has bailed out goldman sachs, i think g.e., bank of america. now, they were incredible terms. remember he got out of goldman sachs, $15 a minute or something like that? he made out like a bandit. liz: they ne

jason: and david westin's conversation with warren buffett.l: and a look back at the 2008 financial crisis. jason: joel weber spoke with us about the impact of the crash on olitics 10 years on. joel: september 15 is the date. that is 10 years from the lien in bankruptcy -- what are some other stories we can talk about 10 years later? one of them is the opening remarks from josh green, drawing lines from the 2008 financial crisis to where we are in the world right now. it starts with an anecdote from timothy geithner. it is a moment in time with him trying to right the world and foreshadowing the political ramifications of the financial crisis would be out of his control. carol: back in 2010, you would have thought that tim geithner was going to change the carol: back in 2010, you would world. yet he had his doubts. joel: you hang on the occupy wall street, right? more of the left. the right side got the tea party. the tea party led to steve bannon,. than two donald trump -- then to donald trump. the outrage over the bailouts, this low level si

jason: and david westin's conversation with warren buffett.: and a look back at the financial crisis. it's been a decade,. jason: joel weber spoke with us about the impact of the crash on politics 10 years on. joel: september 15 is the date. that is 10 years from the lien in bankruptcy -- what are some other stories we can talk about 10 years later? one of them is our opening remarks of josh green, busily trying this line -- drawing this line from the 2008 financial crisis. it really is this moment in time for him trying to basically write the world and also knowing that even then foreshadowing that the political ramifications of the financial crisis, we think it's going to be out of his control. carol: back in 2010, you would have thought that tim geithner was going to change the world. yet he had his doubts. joel: you hang on the occupy wall street, right? more of the left. the right side got the tea party. the tea party led to steve led to donaldat trump. the outrage over the bailouts, this low level simmering, has manifested itself in trum

and a conversation with warren buffett.eaders in italy say they won't support the eu's next budget. >> the eu is a place where things are negotiated slowly, but they want action right now. ramy: this is bloomberg . ♪ ramy: this is "bloomberg best." let's continue our global tour of the week's top business headlines with new twists in the online -- in the ongoing negotiations with brexit. >> the u.k. and european union pushing back the deadline for a brexit deal. both sides aim to finalize the divorce terms by mid-november the latest. another indication negotiators are struggling to make progress, despite the u.k.'s assurance to speed up talks. what are the reasons this deadline is being pushed back? >> the reason both sides are not able to agree on a divorce deal is northern ireland. they have a commitment between southern and northern ireland, and they can't seem to make it work. they were supposed to agree something at the june counsel, and now looks like they will not be able to agree the october counsel. they may need a

we agree with warren buffett's comments about the need for innovation, disruption.ombination of cvs and aetna is going to work absolutely on that. where we may disagree with warren is that we can innovate , and weupt from within can do it from inside, not outside-in. we are looking forward to getting started. >> marijuana is in the news every single day. coca-cola having discussions about things that are anti-inflammatory. world in which your company delivers marijuana-based for medicinal purposes throughout the country? >> i don't see that on our horizon today. it is interesting. we get that question. we also get the question about recognizing the actions we took against tobacco four years ago. would we ever sell the yeah, i wouldvice say, if there is ongoing research that classifies that as a medical device or a medical product, i do believe that would us consideration in terms of the role of attacking play in our business model. i would say that is not on our agenda today. caroline: the cvs health ceo. metal braces used to be the only misaligned teeth, but a new

to the fullest. >>> warren buffett is one of the most successful investors ever. dozens of companies and is worth more than $80 billion. the so-called oracle of omaha knows a thing or two about the economy, something president trump likes to tout often. but does buffett think the economy will stay on this winning streak? poppy harlow sat down one-on-one with the billionaire. >> the reason we're here today, wine bottles and all, is because someone paid $3.3 million to have lunch with you for a very important cause, and that's the glide foundation which sole purpose is to break the cycle of poverty and marginalization for people in this country. >> somebody cares for somebody who didn't think anybody cared. >> why is this cause so important for you? >> it's for real, for one thing. i was skeptical at first but my first wife kept saying this is something special. so i actually went to church there on a sunday but then i met cecil williams and i saw the people that he was helping and i saw these people that, they had given up on themselves. their friends had given up

as economic freedom grows, more and more people will go to work and feel like lebron james or warren buffettor lindsey buckingham and these work or be where they showcase their unique skill and intelligence. how did you get there. what's your career path? >> i worked at wall street, and i enjoyed it. but i looked around for people on the trade and goldman sachs i thought these people love what they do. i merely like it and i thought i can't win. and so what always interested me was economic policy and writing about economic policy. and to say goodness is awful time but goldman sachs may be up. i'm one of the many stories of people who were fired and that's what led to where i was because it forced me to rethink about what i was doing and i was passionate about economic policy so it is not like overnight i bail a policy writer and started putting out books i took a jobs a fund raiser to raise money and work for nonprofit to raise the money -- to pay bills so that i could read an write on night and and so now i used to think i was lazy. turns out i wasn't lazy but doing wrong job. it is nothin

. >>> warren buffett isn't all business. he is weighing in on the midterms.nnect with the working class heading into november. how can we say when you book direct at choicehotels.com you always get the lowest price on our rooms, guaranteed? let's say it in a really low voice. carl? lowest price, guaranteed. just stick with badda book. badda boom. book now at choicehotels.com we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show up to a fire and pg&e shows up with us it makes a tremendous team during a moment of crisis. i rely on them, the firefighters in this department rely on them, and so we have to practice safety everyday. utilizing pg&e's talent and expertise in that area trains our firefighters on the gas or electric aspect of a fire and when we have an emergency situation w

remember warren buffett is a smart guy. probably just ringing the register leslie >> caller: hello, mr. kracramer i am a long-time listener and long-term investor thank you for all the help i'm interested in your expert opinion about ford fortive it's splitting into two, fortive and ultra imc. i'm thinking about splitting my position i would appreciate your thoughts thanks. >> i think fortive is a great company. they are a spinoff of danner reminds me very much of a -- a spin off of honeywell. they make you money and money and money. they never stop. let's go to charlie in california charlie. >> caller: hey, jim. i want to know your opinion of the generic drug industry. >> i think it's too hard i always felt -- tough to have an edge. >> caller: what you think of - >> no. too hard mylan is too hard. i don't like it. there is not enough barriers to entry. it's just a business that is always cutthroat i'm always willing to listen to the other side of the trade. the bulls and the bears change on a dime. stay diversified and sta

i talked to warren buffett about this and he expressed concerns. >> is there a system that can checks growing tapeworm, --ges gdp, growing any growing every year higher than any other country. can we do that and at the same time deliver a better product for patients? david: he is talking about his venture with amazon and a jpmorgan. do you share his fundamentals? that we need to do something to get our arms around health care cost growth? larry: we absolutely agree. healthlook at today's care system, approaching 18% of gdp, if we ask individuals to describe their experience in health care, many would describe it as frustrating. we have a fragmented system. we have a system we believe was designed for episodic care in a fee for service world. we agree with the comments in terms of the need for innovation, disruption, transformation. the combination of cvs and at etna is going to work absolutely on that. where we may disagree with warren buffett is, we can innovate and disrupt from within and we can do it inside, not outside. as i mentioned, we are looking forward to getting started. d

but more on the guys camp where you want it on the dip you look at who buys warren buffett. why? >> he likes to buy things that don't change the last thing you do is ged rid of the cell phone. the last thing you can do no matter what the economy is going to do you get out of the ecosystem. it's kind of like wrigley as chewing gum. you're not stop buying apple or wrigley's chewing gum. the real issue is they haven't been growing units the last few years. we're talking about a high owned cell phone market. there is nothing they we don't know they are nos spriting us. >> won be priet pricing be a surprise. >> that's what have been growing the selling price. >> it's not going much who higher the entry level memory is going up pricing comes down a little bit. but that's where they get the margin as far as i'm concern the big issue that investors have right now as valuation is hitting you know multi, multiyear levels, decade-high levels on the pe basis are gross margining staying above 38%? and at some point this is a commodity advertised product if you don't see services in some other

you've got one of the greatest investors in the world as well as warren buffett, i'm talking about you, involved in southwest. they're going out to the last week of september and buying calls that are just in the money. they're the 60 strike calls, scott. 4700 of those were bought today. that will move closer towards the stock because of the fact that it's just in the money, so that's interesting and the stock was just a little lower than it is right now but that was pretty aggressive now i've got something that you that's incredibly aggressive and i know somebody on the desk there is going to be very excited about this, josh brown amd. we're seeing some unbelievable paper today on amd it started, the stock was trading around 26.40 there has been some analysts out there talking about this foundational shift for amd and this really started back in may with lisa sue of 2015 and how amd was going to transform themselves well, we've seen some of this already. they jumped up the price target today to $30 a share based on what came out of the most recent meetings and the success that amd is

investors like warren buffett, for example. the reality is that's a tough price point to get above when you're talking about a mainstream product. >> reporter: then there's concerns for imposed tariffs on china where the products are manufactured could pass down to the customer. >> reality is they're a profitable company. they can easily absorb that without it being a huge issue. >> reporter: at the apple store in palo alto, customers say they have no problems years. >> the reality is apple doesn't have to do anything dramatic tomorrow. what we're going to see tomorrow are incremental improvements, not dramatic changes. >> there are cleanup crews even at this late hour making sure this campus is spotless for tomorrow's event. the event starts at 10:00 in the morning and we will have a crew here to cover it. live in cupertino, azenith smith, ktvu fox 2 news. >>> a new campaign to keep uber and lyft users safe. >>> the forgotten hero of 9/11. a brave flight attendant who grew up in san francisco. she gave up the first indication

anything undermining these international institutions and that is the stream the troubling as it warren buffett who said you don't know who swimming naked until the tide goes out and to quote buffet again where are the new weapons of mass destruction emerging markets could a whole country fail i'm thinking about argentina its problems or is no doubt that the emerging markets now are increasingly important to account for more than than half of global g.d.p. and it's also the case that the chinese economy which has a huge amount of outstanding debt is increasingly important it's actually been a good thing over the last nine years it's grown very fast and it's helped to to bring the world economy out of out of what was affectively a depression but it is vulnerable it has this debt problem there are underlying tensions between the sort of capitalist economic system and the communist political system in china which haven't gone away and as you said there are other emerging market economies which are in deep trouble argentina brazil turkey i'd even go as far as south africa and maybe even some of the

investors like warren buffett, for example. but the reality is, that's a tough price point to get above when you are talking about a mainstream product. >> reporter: there's concerns about tariffs on china where the products are manufactured, which could pass down to the customer. >> they could easily absorb that without it being a huge issue. >> reporter: at the apple store in palo alto, customers say they have no problem working on a grander more. >> i asked for a sandwich and they gave me a 10 course meal with this phone. it's more than what i need. >> it's a lot but i keep then for 3 years. >> reporter: azenith smith, ktvu fox 2 news. >> as apple gets ready to release new products, they also plan to protect new iphones. apple says there is a defect causing some iphone 8 phones to unexpectedly restart, freeze, or not turn on at all. it affects phones made between last october and this march. you can enter your phone's serial number on apple's website to find out if the phone is effective. apple will replace it for free as lo

from the you know we can't do it it's questionable whether or not they had the authority i saw warren buffett say i don't care if i if i were fed sure even if i didn't have the authority i would have done it and dealt with it in court because there's killer talk about what was the impact of the research in asia i know it was less but what do we know now actually when i was it was less i think the difference was because you know asia is always somewhat more conservative particularly china china and japan i think they're one step removed and they don't have the same structure they don't have the same structural weaknesses when i just mentioned strong central bank i mean you can't get any more stronger than china and also of course don't forget that a lot of it was caused by panic and the reaction and lack of confidence so you had a run on the banks not of course like the great depression that was what didn't occur in china as much and john thought finally i mean you always talk about active investment this was certainly a time where investors need to be active in these markets right. absolutely

the outlier, warren buffett's conglomerate berkshire hathaway.t seems like in germany the tables are starting to turn, with newbies showing the old elite how it is done these days. reporter: at munich airport, chinese travelers are known as avid wires a luxury goods just before departure. since recently they have also been able to pay with alipay or wechat, chinese payment systems. it processes the transaction to the wire card company. germany's wire card takes a 1.6% commission for the service. >> to begin with, it looks relatively easy. ali trader has to do is integrate a little software. you also have to look very closely at the security angle. when you hear about how much data gets stolen, we have to look after the data. that means we have to make the corresponding tests and get it all set up. reporter: and wire card is growing along with it. the company employs 5000 people. these i.t. specialists at its headquarters are discussing their expansion plans for the u.s. a short while ago, wire card acquired a transnstion bankiking -- the boom is

for years warren buffett said he has no problems with a company's stock price going up and e he doesn'tstock splits. for him it's more about the dollar value what this has done is driven up the price of stocks. the average s&p 500 stock is now $115 that's the highest in history according to s&p dow jones indices. a little more than a decade ago it was north of $50. that's a big difference. back to you, melissa. >> bob, thanks >> bob pisani at the nyse. lucky for you, mike has a way for you to get into amazon for less than $20. i was going to say musician. he's not that either he's not a magician either and he's at the plasma to show you how and a call to action >> we're using a call spread to amazon similar to the structure that we used in apple. the first is as bob was just highlighting the stock is expensive at over $2,000 a share. if you were going to buy a round lot, and it's expensive on a valuation basis and we're okay making a bullish bet here. the second bet is the options are also quite expensive and two aspects to this and one on the dollar basis, because the stock itself is,

there's at least one person against the idea of apple and tesla teaming up, billionaire investor warren buffettld be a poor idea. tesla founder elon musk said he had the money lined up to take the company private but later backed off on the idea. buffett added this twist saying he supports whatever apple's ceo tim cook does. >>> a santa ana police officer answered a call for a woman looking for a good family to care for her unborn baby. santa rosa police tell us that the father of three girls decided to help find her a family by adopting the newborn baby girl into his own. exacta rosa police -- santa rosa police congratulated the officer on its facebook page this afternoon>>> nice job. >>> and a nice weekend is ahead. good evening, everyone. we'll look at live doppler 7. most of the fog that we have cleared away except for one patch that is hanging around right now. temperatures definitely responded with the earlier clearing in most areas. it was warmer across many parts of the bay area. from our south beach camera, you see a shallow fog layer as we look toward the tower. it is 64 in the city.

wrong i don't want to be right and so they keep putting money back in and yoha even see with warren buffettis indicator says t market is really expensive and he's in there buying and that's kind of where everybody's at. have a great, long weekend, good to see you as always. >> the investment research and to read more of barry's picks, big lots shares take a slide and that's where we begin the market focus and the discount retailer missed earnings and revenue rstimates. >> they had hig transportation and fuel costs which offset stronger same-store sales and full-year guidance and shares fell 3% to 43.05. hca health care said it would buy non-profit hospital system mission health for 1.5 billion. it put additional hospitals ra under the cor umbrella andh hca healt care up 2% on the section to 134.11. >> united continental fees in response to highe fuel costs. the airline said customers can expect to see an increase in ban fees routes to and from north america and the caribbean and central america. united will now charge $30 for the first checked bag and that's up from5 bucks a this follows a

. >> back when warren buffett said i'd love it down 10% from here down 10% is when it went parabolic in front of this even. when you think it's kind of messy, gaming what the units -- i think you are right about the watch. this has the potential to really accelerate the sales but again, other products is 7% of the total sales it's not really moving the needle expanding the ecosystem, doing all the things that make sense yes. we won't have clarity until we get to fiscal q 4 guidance and that's not for a while. >> we got phones ringing >> peopling anding on the ceiling. >> we got a commercial. >> friday night. >> and my collar is sticking up. >> and sister patrol. >> put a weight on the guy be careful just grab me if i start to go up. >> shares of netflix higher that this year. up 90% but no longer the only game in town the competition heats up we have the details coming up. here is what's mink coming up in the mean tight. >> pawn stocks smoked on a report that u.s. government could block cannabis workers from entering the country. plus talk about a bank job. >> this is a robbery. >> r

carol: warren buffett has invested in them. they are a big player. aaron: they are huge in china.e years ago they were treated as something of a laughingstock, but they are basically transforming how people in china get around. they make about 9500 new electric buses every five weeks, entire-- the size of the bus fleet of the city of london. you would be hard-pressed to find their stuff outside of china right now, that they are using the support of the chinese government, and there is so much support for these vehicles in china, which allows them to internationalize. jason: coming up, cities that experience lots of growth, run into a lot of problems. carol: there are ways to get home prices under control. this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." you can listen to us on the radio, sirius xm channel 119, in new york, boston, washington dc -- >> and in the bay area and in london. carol: bloomberg cities are great unless you are trying to find affordable housing. jason: this is one of the biggest problems that mayors and governors and heads

will learn from bill gates, warren buffett but i want to do something using my own way.sive conversation with jack ma. headlines, softbank is said to be asking big banks to put cash down if they want a piece of the biggest ever ipo. potential underwriters are asked to prepare loans for other parts of the conglomerate. banks offering financing are more likely to win a slice of the mobile ipo. kathleen: tell you what it is in talks with -- toyota is in talks with geely on cooperating with hybrid vehicle technology. it is in its campaign to increase the popularity of hybrid vehicles. geely has boosted sales of this year to take the number three position in the chinese market which is the world's biggest. rishaad: a pair of harvard oncologists have joined forces to harvest technology to improve cancer care. the initiative is called driver. they begin signing a patient's in china and the united states this week after a trial. laborde tories analyze patient --ords and clinical trials laboratories analyze patient records in clinical trials. howleen: a quick look at markets are

david: john rogers, you referred to warren buffett.ere's one thing i want to know, it's where rates are going to be in five years. how important is it to you? what are your thoughts on where rates are going to be? we have a strong view that rates are going to continue to go higher overtime, and we're trying to make sure we are investing in companies that will do well in that environment. and of course, there are those that will suffer. we think wage inflation is becoming more and more severe. to help putg pressure on interest rates. that playave seen out, but with different reactions from different sectors. homebuilders were crushed, but that is a different story. industry but not other industries may be affected. can you lay out winners and losers for me? some winners could become things like northern trust. they are a world-class bank. they get paid in management fees. higher rates will be good for them, and that would be one of our favorites. we have others that we think will do well. we try to stay away from companies that will hav

politics, and on the energy side, nv energy is owned by berkshire hathaway, which is owned by warren buffett. one of the list conservative billionaires in the country versus one of the most liberal billionaires in the country. host: and we are talking about candidate donations. how does the candidate spending compared to the ballot measure spending in 2018? guest: california is frick only one of the highest priced states for ballot measures. thetop three most -- sorry, overall spending on ballot measures so far this year is about $129 million, the last time i looked a a few weeks ago, so it will be higher now. but $129 million is more than the two parties and outside groups have spent on the three most expensive senate races this year. the ballot measures in the campaign world, you can, we have made a decision as a society to restrict conservations to candidates because you might be able to influence a candidate, but we can influence a ballot measure, it is yes or no. so there are unlimited giving in most states, you can give as much as you want to an initiative or a campaign to defeat it. s

anything on the mining these international institutions and that is that stream the troubling as it warren buffett who said you don't know who swimming naked until the tide goes out and to quote buffett again where are the new weapons of mass destruction emerging markets could a whole country fail i'm thinking about. its problems or is no doubt that the emerging markets now are increasingly important to account for more than than half of global g.d.p. and it's also the case that the chinese economy which has a huge amount of outstanding debt is increasingly important it's actually been a good thing over the last nine years it's growing very fast and it's helped to to bring the world economy out of out of what was affectively a depression but it is vulnerable it has this debt problem there are underlying tensions between the sort of capitalist economic system and the communist political system in china which. i haven't gone away and as you said there are other emerging market economies which are in deep trouble argentina brazil turkey i'd even go as far as south africa and maybe even some of the sm

. >> warren buffett has invested in them, they are a big player. >> they are huge in china.y are the main manufacturers of these buses or five years ago we were treated as a laughingstock. now it is transforming how people in china get around. every five weeks they make about 9500 new electric buses, which is the size of the entire bus fleet of the city of london. you'd be hard-pressed to find their stuff outside of china right now, but they are starting to use the support of the chinese government and the fact that there is so much activity in so much support for these vehicles as a way to internationalize and bring electricity to the united states. >> coming up, running into a lot of problems. >> there are ways to get home prices under control. this is bloomberg businessweek. welcome back to bloomberg businessweek. >> you can listen to us on radio and on a.m. in new york, one of 61 in boston, in washington dc, and in london on dab digital. big problem around the world. them it's one of the biggest problems that mayors, governors, the heads of countries, peter coy told us t

i will learn from bill gates, warren buffett, a lot of great philanthropists, but i want to do somethingown way. >> i wish he had been my teacher. that was our exclusive conversation with alibaba founder and executive chairman jack ma. >> coming up, venezuela in meltdown. we'll be joined by an energy researcher, next. hays in new york. haidi: you are watching "daybreak: australia." a potential drop in demand for trade tensions. crude supplies are expected to fall significantly after the beginning of u.s. sanctions on iran in early november. all of these often conflicting factors. the founding of energy markets research firm joins us from singapore. good morning. what is the most powerful, most compelling element of all of this, conflicting factors driving the market at the moment? >> good morning. so, as you just mentioned, the weekly u.s. stocks have always been a major influence on market sentiment. they were, to some extent, this week as well. if you are asking me to take a step back and, on the big picture, what the oil market is looking at, it is essentially two big things. both pul

even people who we could say on the left of our progress is by billionaire warren buffett complained that she would be so angry and we've got to go back to the fact that this is because she's a woman. talk a little bit about that. what she still has to overcome even with this laundry list of accomplishments that any man would be, you know, that would be all you have to see. why are we still talking about whether her voice is too loud? >> at the double standard for women leaders. there is quite a bit in the book about women in the senate and the house and have it come across the same double standard and they find it every day in their work and what they do for the quality is so confident and straightforwardness and steadfastness and earnestness and knowing your stuff being very clear about where you stand in the mail that those qualities are seen as very strong and just great qualities of leadership whereas he said, when he won and exert that kind of authority with that kind of energy and intensity, she's been as they said, people who admire her and she decided she wasn't so shrill. i

a lot of questions about warren buffett and marijuana. it is different. alix: the cleanup from a typhoon began in southern china after the storm left four dead, a halteduildings, and casino operations over the weekend. more from hong kong we have our economics correspondent with us. thank you for staying late. walk us through the damage you have seen and of the estimates. >> we have had certificate damage coming from the philippines where rice production has been hit. and in hong kong, hong kong shutdown in its entirety on sunday with us and if you damage around the city and region. of course, macau seeing economic loss. decision to close the casinos for 33 hours, as the mail loss for the operators there around $186 million, and it could shave two percentage points off of the third-quarter revenues in total. quite apart from the human toll and all of this, there has been said of the damage to the philippines, hong kong and macau and southern china from the typhoon. david: there were reports that a hurricane would shut down the hong kong exchange, so what

will learn from bill gates, warren buffett, a lot of great philanthropists in the world but i want tosomething using my own way. julie: coming up on "bloomberg best," more of the week's top news including the latest on italy's budget battle and straight ahead, more exclusive conversations. executive shares concerns about how trade wars could hurt his business. >> if china falls off significantly, that will have an impact on global demand, no question. julie: this is bloomberg. ♪ ♪ >> welcome back to "bloomberg best." the outlook for oil is complicated. a tropical storm in the gulf of mexico, impending sanctions on iran, and the threat of trade barriers between the u.s. and china were all on the minds of investors, and bloomberg television spoke with several industry insiders to get more insight. let's start with our exclusive interview with nigeria's oil minister, who expects opec and its allies to continue oil production through next year. ♪ >> the threats on iran and a couple countries, the challenges in iraq, we think that will continue to play. to take a much more disciplined rela

being angry and even people who we could say are on the left or are progressives like billionaire warren buffettcomplained that she would be so effective that she wasn't so angry, and we've got to go back to the fact that this is because she's a woman. talk a little bit about that, what she still has to overcome even with this laundry list of accomplishments that any man would be, you know, i mean, that would be all you would have to see. why are we still talking about whether her voice is too loud? >> it's a double standard for women leaders. there's quite a bit in the book about women in the senate, in the house and how they have come across this same double standard, and defined everyday in their work, and what they do. where the qualities of confidence and straightforwardness and steadfastness and earnestness, you know, knowing your stuff about a topic in being very clear about where you stand, in a mail that those qualities are seen as a very strong and just great qualities of leadership, where as you said when he women exerts that kind of authority with that kind of energy and intensity, s

mind.ing in my jack ma's i would learn from bill gates, warren buffett, a lot of great philanthropistse world, but i want to do something using my own way. >> coming up, more of the week's top news, including the latest battle.'s budget and more exclusive conversations. a top energy executive shared his concerns about how trade wars could affect business. >> -- could have an impact on global demand, no question. ♪ julie: welcome back to "bloomberg best." i'm julie hyman. the outlook for oil is complicated. a tropical storm in the gulf of mexico, impending sanctions on iran, and the threat of trade barriers between the u.s. and china were all on the minds of investors, and bloomberg television spoke with several industry insiders to get more insight. let's start with our exclusive interview with nigeria's oil minister, who expects opec and its allies to continue oil production through next year. >> the threats on iran and a couple of countries, there are so many challenges in the wreck. when we add those to what is becoming a more disciplined relationship within opec, you're bound to se

the giving pledge, created by bill and melinda gates and warren buffett, invites the wealthiest individuals to spend more than half of their wealth on charitable causes. so far your name has not appeared on the giving pledge. why is that? well: i thought i may as exceed it without going through the rigmarole. andrea: fair answer. [applause] it is self image, too. i don't see myself as a big deal . in recent years, i have thought about the circumstances under which i grew up and i realized that across from our family home was a junkyard -- i guess they are called salvage yards now. the junkyard that i played in was up the street and that was great because there were stacks of old comics and stuff like that. but then i realized we grew up kind of in between, hovering above poverty. am a bignot think i deal. i do not have a personal assistant or anything like that. although my wife has gotten very good at making airline reservations. part of it is just self image talking. i am not that big a deal and that is my reality. leave that to the room to decide. you are a very modest man, very humble.

. >> so no less than warren buffett making the case.ects the claims saying they couldn't say at the time a bailout was possible or it would have caused panic >> i don't think that's true hank and ben have written about this openly. they publicly in the initial days after lehman's failure did not want to say that we had no option to save them on our own they thought for them to declare at that point that we had no options to protect people from the panic would make the panic worse. >> not only the single event that sparked it, but also what happens next time? rules have been tightened to make it harder to bail out an investment bank. if bailing out lehman was right then, does it make sense that it's harder to do now? those new rules were passed in part by a very -- well, adopted by the fed from proposed legislation so that shows this bipartisan opposition of bailout. it's both political and -- look. i don't remember at the time whether or not we couldn't do it because it wasn't legal. explanation was ex-post. but i remember -- >> i remem