david: of course. barry: you remember the opening scene when he goes to the tomb and then the big ball? david: i remember that. pretty famous. barry: ok, yeah. that was about 12 pages of the script. by the way, i finished that 12-page script saying, "if we can shoot this, this is going to be fantastic." of course, it is going to cost more than any movie ever made because of whatever, whatever. but that script -- rarely, it has happened 10 times maybe -- when you finish that script you say, "this is a smash." david: but you also did television production. i remember you had "cheers" was one of yours? "cheers," "happy days," "laverne and shirley." you were doing a great job. people are telling you you are great, and all of a sudden you left paramount to run 20th century fox. barry: yes. and rupert murdoch came in. at the same time, i had already been interested in the idea of a fourth network. and so again, serendipitously, john, who owned a group of television stations called metromedia, he was passing

david: i do not consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job. how do you define leadership? what is it that makes somebody kick? justice kennedy, you have been in the news of little bit lately. retired from the court after 30 years. any second thoughts about retiring? kennedy: none at all. havee never found one i knocks it down in the middle. still my term on the court as an active judge areas this time since the timbre i will have spent 200 hours reading briefs. we wanted to enjoy life in a different way. david: why do lawyers call them briefs? they are not brief. the briefs are: very skimpy. the hearing go for two or three days. judges are learning from the lawyers during the argument. ours is more sufficient. they have a great tradition. the english language is one of the great treasures of the world. one time i was sitting on the house of lords. one of the barristers said now the lord's return to it -- return. lawyers kno

david: and gas. we're giving away gas. >> because of environmental rules, it's not cheaper to make energy out of natural gas than coal. let's just get that on the table. that said, none of these rules from the right -- i don't think there's many from the right, but from the left are anywhere in the ballpark of solving this problem. >> what problem? what problem? >> i'm going to -- david: just a minute. >> let's compare the wall cost to the trillions it would require to actually lower significantly global consumption of things that produce this. this is why it's so hard to deal with. on the other hand, it can be dealt with. you know, even if there was a 5% chance that this was true, if you live in florida like this person on this new subcommittee, you know, it's already going underwater because of this. if there's a 5% chance that it's true and you can solve it, then let's solve it, and sort of go in this direction by a -- >> let me -- david: hold on a second. >> you didn't let me explain how to solve

david: because? christine: well, because the first time, i was in love with somebody who was going to become my husband, and i did not study very hard. and the second year, i did study really hard with a group of others who studied equally hard. and i totally missed the date of registration to actually take the various exams. david: so you became a lawyer though. and what propelled you to want to become a lawyer? christine: the death penalty. i wanted to participate in abolishing the death penalty. when i started law school, the death penalty was one of the tools of criminal law. and for personal, religious, and other reasons, i wanted to participate in eradicating this penalty in the legal arsenal of france. david: and well -- christine: and unfortunately, when i finished my law school, and when i graduated and could have joined that group, the death penalty had been abolished. david: all right, but you nonetheless stayed as a lawyer. christine: yes. david: and did you practice in france? christine:

david: because? christine: well, because the first time, i was in love with somebody who was going to become my husband, and i did not study very hard. and the second year, i did study really hard with a group of others who studied equally hard. and i totally missed the date of registration to actually take the various exams. david: so you became a lawyer though. and what propelled you to want to become a lawyer? christine: the death penalty. i wanted to participate in abolishing the death penalty. when i started law school, the death penalty was one of the tools of criminal law. and for personal, religious, and other reasons, i wanted to participate in eradicating this penalty in the legal arsenal of france. david: and well -- christine: and unfortunately, when i finished my law school, and when i graduated and could have joined that group, the death penalty had been abolished. david: all right, but you nonetheless stayed as a lawyer. christine: yes. david: and did you practice in france? christine:

david: when is it reckless? >> i think it is reckless when you don't have the competition, like you don't have the competitive lens. if you feel that a set of things about -- will i be able to pull this together in a macro business? if you don't have the ingredients to know how the mature business will look. for example, if you blitz scale a business where the unit economics won't work, you will reate this big crater. these are risks you might have to take, but you try not to take them if you don't need to. reid: when do you --david: when do you have to go back and say, now i have to worry about efficiencies? reid: we have this important new area and we want to get it to size. airbnb, new domain of how you travel, experience new markets. airbnb is still in its blitzscaling stage. as it gets established and becomes an underserved category, you start going from speed of growth to efficiency, how do we really make the product a lot more polished? how do we make our business perations a lot more effective in terms o

david: coming you have next. we are headed for a partial government shutdown and it's all on the dems to couple funding for a border wall. we'll take that up after the introducing add on advantage, a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can add on to your trip up until the day you leave. add on advantage. only when you book with expedia. ♪ ♪ this holiday season, families near you need your help. visit redcross.org now to donate. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. david: while congress struggles to secure the $5 billion for trump's b

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david: what about twitter? is it in that phase of a more mature business where it needs to be efficient and improve its product? reid: this is one of the paradoxes of blitzscaling. twitter, next phase of growth is -- next major phase of growth? or efficiency? it depends on the ideas you have. it is not a scientific measurement. do we have ideas we can play against? part of the reason you are investing your investment thesis is should i invest in them, or should i operate towards efficiency? if you have a good idea how to take twitter to the next level, you may be in a blitzscaling phase. or you may move again to a blitzscaling phase. if you don't come you start focusing on efficiency. david: does that mean if you are in this successful, high-growth tech company that you want to be looking for other arrows in your quiver? we see this with facebook. didn't really do it with facebook. google did the same thing. reid: yes, all of the great tech companies and all tech companies are saying how do we build these amazi

david: coming you have next. we are headed for a partial government shutdown and it's all on the dems to couple funding for a border wall. we'll take that up after the break with gin d gina liberty mutual customizes your car insurance so you only pay for what you need. great news for anyone wh- uh uh - i'm the one who delivers the news around here. ♪ liberty mutual has just announced that they can customize your car insurance so that you only pay for what you need. this is phoebe buckley, on location. uh... thanks, phoebe. ♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ david: while congress struggles to secure the $5 billion for trump's border wall, one american is taking things into his own hands. brian kolfage started a gofundme for trump's wall. it has raised $13 million due to donations from americans nationwide. good to see you. gina's author of the book "mad politics." one of the reasons president trump was elected clearly was the wall. it ain't for nothing he said it virtuall

david: from bloomberg world had risen new york, i'm david westin. welcome to balance of power. anna edgerton on the drama over whether to shut down the government. indictments now announced on chinese hackers. and the chances of a second brexit referendum. what is going on? without they had a deal to keep the government open until february. it is awfully apart. >> it was quite the morning on capitol hill. we were watching members trickle out getting increasingly pessimistic. efforts, chris collins from new york said it looks like we have a deal. we will vote on this bill. the president will sign it. then mark meadows saying that this shouldn't happen, that the president should veto it. to president is not willing sign a bell even if the house is willing to pass it. we'll come back to you in a moment. metta kevin -- now to kevin in washington. a dramatic announcement from the department of justice today. kevin: this is part of a in coordination with u.s. allies to go after, name, shame, and expose a campaign by chinese intelligence agencies of hacking. are accusedhackers for hac

david: the p.c. culture will combine with the tech culture as a means of enforcing what they are now saying in public forum. that is a genuine concern. but here again i'm wondering if we caught it in time. we have caught on to the fact that you have things like siri and alexa. and we are catching on to the fact that google and theoeer companies involved with this are very politically biased. >> i hope that's the case. and we need to keep making these arguments. the other thing i think that's important is the generational aspect. one of the things you see over the years is each generation tries to rebel against the habits and behaviors of the one that's gone before. the generation coming on now is infected with this political correctness and closing down of speech. but the one that comes' after, they could be our saviors, they could say we can't live like that. david: i hope the younger ones grow up fast. we are facing criticism. ' theresa mayn't on how to honor the brexit vote. how does it get resolv

david: -- david: singing opera, using more from the chest and not from the throat. is really a key thing. it optimizes the amount of sound you can make without using pressure, without actually tiring yourself. we will sing for three hours, just as extreme and how we are using our voice and the next day, which -- we can do it again. i saying in eight or nine languages, if you include lord of the rings. russian or check, it is memorizing sound. you have to sound authentic. do not know the language and memorized by rote, do you know what the words are saying? renee: yes. you have to learn it all. >> arrived in style, stay in style. opera why do you think has declining attendance? is down atndance major sports arenas as well. there is so much available to people for entertainment. a lot of it is digital and a lot of it is on debt -- television. young people do not want to spend the money. when i moved to new york, there were only a few venues. there were a few classical venues a few dance venues. now there is a performing arts center every other block. i am opening the

david: thank you very much. coming up, brand-new fox news poll showing nearly half of all registered voters feel our economy is in excellent or good condition. this as 80% of trump supporters say they will probably go are trump in 2020. wait until you hear hot frontrunner is for the democratic the in 2020. that answer straight ahead. this is not a bed. it's proven quality sleep. the new sleep number 360 smart bed, from $999... intelligently senses your movement and automatically adjusts on each side to keep you both effortlessly comfortable. and the best gift of all? a silent night. how smart is that? smarter sleep. to help you shed those sugar cookies, get a running start on the holidays, and take it all in with the patience of a saint. queen sleep number 360 smart beds from $999. plus 48-month financing. only for a limited time. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a w

david: thank you. now over to london and therese raphael. we had the announcement this morning that the eu court is saying, you can pull out or stay in. what is the likelihood of that? >> the court was asked to rule on whether the u.k. could move out unilaterally. let's be clear, the issue is pretty academic at the moment, but the government and opposition, the labour party has pledged for a long time that they will on her the 2060 referendum. they have no intention -- of the referendum. they have no intention of pulling out, but the court has opened the door. there will be in important vote on the withdrawal agreement that prime minister has agreed with with the european union. i think of conservatives in her own party believe that there is now potential to actually cancel brexit, they may be a little more inclined to vote for her agreement, which is widely expected at the moment to fail, and failed by a large margin. david: we know the vote has been scheduled for the 11th of december, but any chance

michael: thank you, david. david: thank you. thank you. [applause] ♪ ♪ emily: he is one of the longest running ceos in tech history, hailing from west virginia, john chambers got his start at ibm before landing a job at cisco in the early 1990's. 1995, fiveeo in years before the tech industry went bust. ultimately grew cisco's revenue from $70 million to $47 billion in 2015. he is now focusing on finding the next cisco

david: what surprised you? justice kennedy: the outcome. david: the reaction? or not your decision? justice kennedy: well, because my religious beliefs, that is one of the reasons i wrote it. it seems to me that i cannot hide. the nature of injustice is that you can't see it in your own time. as we thought about this and i thought about it more and more, it seems to me that just wrong, under the constitution, to say over 100,000 adopted children of gay parents could not have their parents married. i just thought that this was wrong. but it took, and i struggled with it and wrote the case over a weekend. that's the way i came out. but as i said, as you write the reasons, they either compel themselves, or not. i tell judges, i tell young judges, old judges, your duty in every case is to ask why are you doing what you are about to do, what are the reasons? and even if you've done it 100 times, you have to ask again and see if they are still valid. that is what you must do. it is introspective. you owe it -- you take an oath that you're going to listen to each side. if you make up your

david: ok. a couple of other businesses, the smartphone business that apple has more or less perfected, at least in the united states. you were skeptical that that would be a great business. do you think microsoft could have gotten into that business earlier? steve: yes. we could have and should have. we should have gotten into that business, and i blew that. david: one of the other things that happened during this period of time when you were ceo was cloud computing. your neighbor, amazon, built this big business under your nose. were you surprised they became so big in cloud? steve: they have had more success than i anticipated. i did not sell them short, but they have had more success. here is why i think i was completely dubious. it is very hard sometimes for a big company to do something very different. i call it doing a second trick. at the time, i would call amazon a one trick pony. it was doing this retail stuff, it was doing an awesome job. but to do a second trick, you don't get a lot

david: ok. alan: or you are going to have problems. david: the new tax cut bill that was passed in the first year of president trump's administration passed by the congress said it will produce 3% or more growth for the foreseeable future. do you think 3% annualized growth is realistic over the next five or 10 years? alan: no, certainly not as a consequence of the tax cut. the tax cut actually did get a buoyancy, and we are still feeling some of it, but it is nowhere near enough to offset the actual deficit. so there is no way around this without coming to grips with the expenditure side. david: ok, so president trump called you up and said alan, you are a great former chairman of the federal reserve. i need some advice. i want you to solve the social security problem, and the medicare and medicaid problem. what would you tell him to do? alan: go elsewhere. david: go elsewhere. because you think it is too difficult politically? alan: i think politically we are caught in a terrible problem. david

david: hi everybody this is bulls & bears thanks for joining us i'm david asman joining me on the panel today lauren simonetti is here as well as danielle, gary kaltbaum in person in new york and adam lashinsky as well now take a look at this stocks slammed over reports of a deeper economic slow down in china, worse than economist economists predicted a slow down that the president says he should get credit for take a listen. president trump: but i will tell you this. china's economy, if it's in trouble, it's only in trouble because of me. that's the only reason it's in trouble because we've taken in $11 billion worth of taxes that i tax china. $11 billion. we never made any money with china. we lost money with china. in the last four months, we've taken in almost $11 billion of taxes nobody has ever heard of that or knows that. people don't report on that they only report on nonsense. david: so folks the question here, should we be celebrating china's economic weakness, the markets going to be saying no what do you think? >> yeah, let's rip on a place that only those 14 trillion gdp nu

david: thank you. we'll hearhe day from the federal reserve and the general expectation it will raise rates once again. is farmes after that from clear. now dean mackey. still with us is david lebovitz of j.p. morgan asset management. the question is what's to be had an op ed over the weekend, they said the feds it easy.ke we believe the u.s. economy can sustain strong performance next but, it cannot afford major from the fed.ven op ed.you read that something that we haven't been through before where the fed hasn't this big sheet we have not seen before. my own view is that, i think do both.fed can they can raise rates and unwind the balance sheet. economy is in strong position here. quite as dire scenario as that editorial paints. lisa: two of the editorials point. we're looking at financial conditions weakening in the in tandem withch the increase in breast rates. rates.rest at what point where we weakening much? >> i think the fed are coming around that the neutral rate for the economy is higher tha

david: thanks. continues as the partial government shutdown enters its 10th they without progress. -- 10th date without progress. it is all about a wall. john kelly said the administration had given up on a solid wall months ago, to be honest, it is not a wall. often times, he will say barrier or fencing. steele has tended towards slats. this morning, president trump disagreed, tweeting -- a wall was not abandoned. the shutdown, we welcome our political panel in and from philadelphia, joe watkins, former aide to george herbert walker bush. i'm going to put you on the spot. what is it about a wall? >> it is a matter of who is defining it. people,e lots of democrats and republicans, who are not comfortable with the the border while the president has talked about. when people like john kelly or others give him extra room to change that earlier definition, it means he can take it. the president will tell his base he is not moving. , ofremarks of general kelly lindsey graham, give the president room to c

david: hold on hold on let david speak to david's point. david's point is that the administration is filled with very smart people who have very different points of view, vis-a-vis china and trade. you have the kudlow version and you have other versions, lighthizer is somewhere in the middle between navarro and kudlow but the bottom line is that at the end of the day, i think what the goal is everybody agrees on in fact i think everybody in this panel agree on the ultimately goal, get them to stop cheating to get them to stop forcing u.s. companies to do things that chinese companies don't have to do when they work here. >> i agree. >> you mentioned something important in terms of the metrics. i mean, i've been really keeping my eye on that because i think they will get a deal but trump is going to want real metrics that they have to achieve, and i hope, david, it's not the trade deficit. david: we'll talk about that. >> it's not the right measure. i agree with you there too. >> it's the volume of american goods and also enforcement of inte

david: good evening, i'm david asman. lou dobbs has the night off. president trump standing tall for the american people, threatening to close the southern border and terminate any trade deals unless his border wall is funded. incoming white house chief of staff mick mulvaney says the radical dimm leaders are not even talking to the president. >> we need folks to talk to us. it strikes me as very unusual the democrats did not provide a counter offer to our last offer. they left town. where is chuck schumer and nancy pelosi. they are not even talking and we don't think they will until the next congress is sworn in. david: apparently nancy pelosi this hawaii. the man hurnt for an illegal immigrant who killed a california police officer has ended. he was caught as he was preparing to make his way back to mexico. his brother thanked law enforcement for their efforts in finding the cop killer. >> i would like to say thank you from the bottom of my heart. i wish i could thank all law enforcement and homeland security in san francisco. everyone. i was waiti

[♪] david: good evening, i'm david asman. lou dobbs has the night off. president trump standing tall for the american people, threatening to close the southern border and terminate any trade deals unless his border wall is funded. incoming white house chief of staff mick mulvaney says the radical dimm leaders are not even talking to the president. >> we need folks to talk to us. it strikes me as very unusual the democrats did not provide a counter offer to our last offer. they left town. where is chuck schumer and nancy pelosi. they are not even talking and we don't think they will until the next congress is sworn in. david: apparently nancy pelosi this hawaii. the man hurnt for an illegal immigrant who killed a california police officer has ended. he was caught as he was preparing to make his way back to mexico. his brother thanked law enforcement for their efforts in finding the cop killer. >> i would like to say thank you from the bottom of my heart. i wish i could thank all law enforcement and homeland security in san francisco. everyone. i was waiti

david: from bloomberg world headquarters in new york, i am david westin. welcome to balance of power, where the world of politics meets the world of business. york, on the fed. in brussels, on coming to terms with the italian budget. let's start on capitol hill. anna: it looks like the most likely scenario at this point is a stopgap measure that will get us to february 8. this has been added to the house schedule so we are expecting a vote on friday before the funding runs out. this will bring up the fight again, but it looks like the government will be ok for now. david: president trump said he would not do an extension. what changed his mind? anna: the math is not in his favor. there is no way he can get the wall funding through the senate. that will still be the case in february, and we will have a democratic majority in the house , but at least he will say it is not a unified republican government where the republicans control all the levers of the government. david: we will talk about the wall in a moment. away,d, we are not far 2:00 this afternoon. w

david: no. talk to anybody. talk to all of those officials down on the border, the people on the border. we've done countless number of specials on that showing, in fact, how they're totally overrun. all of the shelters that they have down there for the kids are filled to capacity -- >> and a wall -- [inaudible conversations] >> you're both right about the lack of border security, but some people were right about the lack of health insurance. so etch's got a point as to why we're shutting down. but i think, the ultimately, america loses because it makes our country look like italian politics -- david: i'd rather have a problem in terms of the way we look to the rest of the world than have the problem the that germany has which is totally overrun by millions of immigrants that they have no room for. i mean, that's what we are up against. >> that's not their lack of wall, they wanted to take them in. >> i think that's true. david: well, we don't unless they are the kind of people who are going to work in this econ

carol: david is laughing. david: had fiscal stimulus and tax cuts. the president has in his power in different form of stimulus, getting deals on trade. how much stimulus with that give to the u.s. economy? nathan: i think an agreement on trade, and let me be blunt, i have negotiated with the chinese, and they offered this administration more than they have offered previous administrations. he can harvest those gains, claim a he can harvest those ga, claim a victory, and remove a big source of uncertainty from the u.s. economy when he chooses . carol: so you are saying the chinese really have made progress in terms of offering up a lot. nathan: absolutely. they are putting things on the table that they have not put on the table before. the question is, how do you get them to do it in a way that is actually enforceable? carol: we have heard so much talk out of the chinese, and we do not always get follow-through. nathan: follow-through is the challenging part. david: nathan sheets, really great to have you here. coming up, facebook losing face. shares

david? >> rob marciano tonight. thank you. >>> a real scare at a middle school in indiana today. police racing to a school after they were tipped off an armed teenager was on his way to the school, too. they arrived at the same time. the boy then shot his way into the school, and there was an exchange of gunfire before the student took his own life. here's abc's alex perez. >> reporter: the panic and chaos unfolding at this indiana middle school at about 8:00 this morning, when a 14-year-old boy with a gun. >> rescue and all medics, need you to stage in the area. we have school shooting, dennis middle school. >> reporter: investigators say they got a tip, placed dennis middle school in richmond, indiana, on lockdown, and had police on the way when the gunman arrived. >> they confronted him. he shot out the glass to the door, entered the school. officers pursued. >> reporter: those officers shooting at the suspect, who fired back before taking his own life. emotional and in shock, parents reu

david: thanks so much. tensions between washington and beijing have heightened overnight when news came out that huawei's cfo had been arrested in canada on iranian sections violations. joining us on the telephone is peterson institute for international economics senior fellow. tell us what the chinese response might be. the u.s. might think one thing is iranian sanctions violations, a criminal matter we have to pursue, and another thing is huawei and 5g. we have to wait and see exactly what the charges are , the speculation is iranian sanctions but it could be for other countries, as well. huawei is the world's are just telecommunications company, an equipment company. in the u.s., people know them for handsets, but they are big equipment many fractures that do business and hundreds of countries -- they are big equipment manufacturers. sells enormous amounts of huawei, and they have to a by the u.s. regulations and sanctions when they sell their products internationally. it -- if they do not follow the law

david? emma: thank you. david: president trump has not sayingy and what the -- what the fed should do, saying they should not make another mistake and that continued right increases would be wrong. welcome from capitol hill, republican senator pat toomey. thank you for joining us. let's start here, the fed is on the minds of all of our viewers right now, coming up this afternoon. what do you make of the presidents repeated statements? one, is he right on the merits? and is he right to address those merits? sen. toomey: first of all, let me say this, the path to normalization of interest rates should have come in 2010. it's wildly overdue and it's a dangerous and extraordinary monetary policy. so i am grateful that chairman powell and his colleagues have been pursuing normalization after the fed funds rate. we are certainly a lot closer to normal now there we were a couple of years ago and i think that's a very good thing. the president has his views on this and as we know he's not shy about

david: sitting down with david as lofty runs discovery. we talked about what makes discovery special. here is part of what he had to say. supernks of himself as a fan. >> our channels are really affinity networks. people that watch hdtv or food or id, they want to the way someone who loves fox news might watch it. it becomes like home to them. david: you can watch more of that interview coming up on "balance of power" at 12:00 p.m. eastern time. top: regardless of over the or whatever, distribution platforms, there is so much content out there with amazon prime and netflix, how do you compete with something like that? david: discovery has been so successful but as a basic cable outlet. you are on a melting iceberg. the question is how do you get to the next one? he did not think of it that way that it is not going up. alix: i am on a melting iceberg. thanks david. cb out with the latest policy decision moments ago. no big surprises. they will keep rates unchanged until at least december of 2019. it would keep its reinvestment program exten

david: all right, david, thank you. david finnerty, our asia fx and rates reporter. rishaad: a big interview coming up on bloomberg tomorrow, speaking to andy hall. do not miss that exclusive interview, 5:00 a.m. sydney time. from new york, 1:00 p.m. thursday. ♪ rishaad: a quick check of the latest business flash headlines. bloomberg has been told nissan plans to repatriate more than $1 billion from its chinese subsidiary, a sign the automaker is rebuilding financial firepower as it ceases tensions. by the end of january they -- they typically reinvest profits to avoid taxes. byna is said to be in talks the core aviation assets of the struggling hna group. telling us discussions began late last year. this sprawling conglomerate tries to pay down a mountain of debt. at least two high-level meetings have been held on the subject of the flagship heinen airlines. apparently things have cooled down recently and it is unclear if talks will continue. apple suppliers in asia considering shifting iphone production out of china should tariffs on u.s. imports hit 25%. stick w

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david: welcome. i am david westin here with alix steel. the action is in london come in the parliament. were looking at parliament now. were waiting for prime minister's questions. it will be this evening where she fights for her leadership with her own party, the conservatives. alix: either way, how do you move ford from something like this? what will she say, and how much he will she take? it will be brutal. david: if she survives this, she gets 12 months clear and free, so she may be emboldened. they can't challenge her again for 12 months. alix: you said that. cable is up, cable is up, but i'm skeptical how you govern after that. it is a risk on field. a trade deal may be with china. apparently the market is taking the vote of no-confidence .otentially s&p futures are up. sixth intraday move for the s&p. , 1.25.le rate up by .4% -- $24, $27 billion billion worth of supply coming online. we will see what the takedown is for the 10 year. crude up by over 1%, almost 2%. we are waiting for the opec monthly report. and we have the prime min

. >> david: yeah. the frigid cold keeps the riffraff out of the city, for sure. >> anthony: fred morin and david mcmillan. restaurateurs, chefs at the legendary joe beef, bon vivants, raconteurs, historians of their beloved great white north. princes of hospitality. and what do men like this do for fun when the rivers turn to ice three-feet thick? when testicles shrink and most of us scurry for warmth and shelter? if they were like so many other canadians, they would go ice fishing on the st. lawrence river. >> david: the cabin fever induces in the québécois family. because we are confined, perhaps, to spend so much time indoors, a lot of the families love to do, you know, activities together like this. go to the cottage. go ice fishing. you know, it, like, gets you out of the house. and it's very much a family thing. >> anthony: like many of their ilk, they'd seek one of the temporary small towns of sled-borne cabins, drill a hole in the ice, and wait. but these are not normal men. so is quebec bett

david: ok. christine: so i was selected as chairman of the firm. david: the imf managing director position opens up. did you really want the job? christine: so many things in my life happened sort of out of the right timing, the right people, and my sense of, all right, let's try it, let's do it. ♪ david: ok, so you're the head of baker mckenzie. you're living in chicago. was it like a foreign situation? because you were really from france. christine: chicago was a fantastic city. i had lots of friends and still have many of them today. i truly enjoyed my six years in chicago. david: ok. all right, so you were doing that, and all of a sudden, nicolas sarkozy gets elected president of france. did you know him? christine: it was the year -- it was two years before that. it was, chirac was still the president, and the prime minister was still in charge. david: ok. christine: and he is the one who called me. david: he called you to be minister of trade? christine: yeah. david: so he called you to

does david: that -- david: does that affect you at all? james: that is not the biggest moving pete rouse. david: it -- moving piece. decided whether it goes into capital investment, buybacks of shares, dividends? james: we were not short of cash at the end of the day so we have been a successful company. we got the resources we need to invest in the market but we are working through how the puts intake works. how we useooking at all bad and how we made the right capital allocations. david: one of the big issues is the so-called dreamers, the young people brought here as children. do they get to stay as adults? who areave people uncertain about whether they can stay or not? james: we have some people in our company and in our partners who fall under the dreamers or daca program. we would love government to find a way to make that the underlying immigration reform and including finding a solution for the dreamers so it is not so disruptive and they can stay. hopefully, they will find a path to that. of course, partial solutions may be necess

david: i'm david ingles in hong kong. let's have a look what bloomberg has been told, two top officials of china's was par 4 traded companies have been suspended over losses on bets related to prices of oil. giant sinopec confirmed the suspension, said only they were related to "work reasons." analysts say the market is watching for details on scale of the loss. shares tumbled as a result. kathleen: sure so is betting on my bodies for month-to-month losses after stocks surged 65%. the rally follows the announcement mind-body is to be acquired in a $1.9 billion deal. they have a 30 day window to seek a better offer, which raises possibility of another bid, sending the stock higher. david: shares of blue apron soaring as much as 25% on thursday, catapulting a session gain to more than 48%, collett 50% really, but it cracks the one dollar barrier for the meal kit company, which recorded one of the worst-performing ipo's of the decade and the stock remains down more than 75% for 2018. kathleen: instagram redesigned its platfo

david: thank you very much. coming up, brand-new fox news poll showing nearly half of all registered voters feel our economy is in excellent or good condition. this as 80% of trump supporters say they will probably go are trump in 2020. wait until you hear hot frontrunner is for the democratic the in 2020. that answer straight ahead. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. ...starts with a december to remember at the lexus december to remember sales event. lease the 2019 nx 300 for $319 a month for 36 months. experience amazing at your lexus dealer. for $319 a month for 36 months. you ok there, kurt? we're about to move. karate helps... relieve some of the house-buying... stress. at least you don't have to worry about homeowners insurance. call geico. geico... helps with... homeowners insurance? been doing it for years. i'm calling geico right now. good idea! get to know geico. and see how

david: so -- mr. netanyahu: when i came into the finance ministry, this is just a tip for any of you who want to be israeli finance minister, something i don't recommend, but when i came in, you know, i said, well we're going to do this, do that, you know, make all of these reforms. and the staff at the finance ministry were very able people. they said, mr. minister, you can't do that. i said why not? they said because this reform will get you a three months general strike and that reform will get you a three months general strike and so on. i said, could you say that again? every one of these reforms will get you a three-month general strike. i said, good. we can maximize the number of reforms for strike. [laughter] and that is exactly what we did. we did them in batches. as a result, israel grew after that, basically since then has grown between 4% and 5% a year. i think it'll take us a couple years. we'll catch up to japan in per capita income. did you know that? david: so -- mr. netanyahu: you sho

>> hey, david. well, elon musk saying he thinks he's cracked the code for a better commute and all of this hinges on this tunnel that he dug under haw thorn, california -- hawthorne, california. that's the start. we went on a ride along down what was essentially a car elevator that took us from street level to the underground tunnel level. the plan is to have cars traveling through these tunnels going 150 miles-per-hour and completely escaping the gridlock above them on the road. there is a catch, though. only electric and self-driving cars are allowed in the tunnel, but it is not just for tesla cars. musk says he created essentially a bumper that can fit over the front tires of any self-driving electric vehicle that will allow people to drive through. so it's also street friendly. but musk says these tunnels have a lot more potential than just cutting through gridlock. it could change how cities operate and how they are built entirely. >> i think it's a great idea -- >> a lot of interest in utility

david: you have how many children? >> three. david: grandchildren? >> nine. david: obviously a very successful family and a successful life. your father was a reasonably prominent lawyer in sacramento. did he say to you, go to law school? did he not say that? >> he was a fellow practitioner. we were very close. i didn't enjoy school much. unlearned to read at a very early age and let a lot of things in his library so i didn't spend a lot of time in school. i would go to his office with him. i was reading things. i probably saw 10 trials before i was out of high school. i would go with him. sacramento was a center for people from agriculture, less populated counties to come to seek advise. we would go to the counties around sacramento, the court houses. david: you went to stanford. you must have done reasonably well because you got into harvard law school. you did not stay in the east. you went back to pick up your father's practice. did you kind of take over his practice? >> it took over me. he died. in those days, the law profession was an old boy network. l

david? >> steve forbes here, the timing of the thing, was this meant to ramp up pressure against the chinese and starting to make discussions and concessions on tariffs because they could have arrested her any time in the last year or two. why now? >> some people do find it somewhat coincidental let's call it that. others say it will be damaging to the talks. deutsche bank put out a note saying you know what? we had in the next 90 days about a 40% chance we had already factored that in of the u.s. and china reaching some form of trade agreement and now with this, which is a very high-profile case. i mean the company is seen as a big success in china. it is going to be difficult for the chinese premier to go back -- or chinese president rather to go back to the people and say oh we gave this concession to the u.s. while they have arrested the cfo of one of our major successful corporations. so deutsche is actually saying it is going to hurt investment and it is going to hurt the markets. and

david: this is bulls and bears, i am david man david asman. on the panel today, will stock rock to dow diving nearly 800, after larry kudlow said this about a u.s., china trade deal. >> it may not get done, okay? i'm saying that it looks to me like the ball is being moved in the right direction. much more than past 8 or 9 months, but i can't sit up here and say we'll get this, this and this. david: market really fell out of the bottom of the market after several tweets by president on trade including this, i am a tariff man when people come in to raid the great wealth of our nation, i want them to pay for privilege of doing so. the best way to max out our economic power, we're taking in billions of tariffs, america america rich again. -- mik make america rich again,t do you think? >> i think that the bond market, did not like mr. tariff man. went on the bond market decided he didn't like mr. tariff man, then concerns about a inverted yield curve, everyone was then focused on that. if you are trying to unpack this, we have a narrow path forward

david: welcome to bloomberg daybreak. shot of the capital where president george herbert walker bush lies in state. he has been there since last evening. president trump with the first lady paying their respects last night. nia wentident and mela in and the president saluted. tomorrow we will be having the service is down in washington. i'll be heading down for that. coming in on bloomberg television and bloomberg radio. special coverage. markets will be closed and special coverage will begin at 10:00, 3:00 in the afternoon in london. alix: we had the relief rally yesterday. a solid rally last week. down or 10th of 1%.10th of -- down for tenths of 1% opec and the fed, exact same communication dilemma at the same time. david: today oil is on the way back. let's get an update on headlines outside the business world. emma: in france, president emmanuel macron's government is reversing course in the face of violent protest. bit. that can be an area, if the expansion continues, that could do very well. generally speaking, the

david: not good news. qualcomm's win in china produces a ripple effect across other apple suppliers. this is bloomberg. ♪ david: it is time for the bottom line, where we look at three countries worth looking at this morning. europe is up nicely in as the new ceo has announced they will lay off 2500 people, maybe get rid of some operations. they are scaling back their vision. alix: if you work for a good year in venezuela, you get severance and tires. you get 10 tires per worker. that is a huge currency in venezuela. david: they are saying they just cannot get the supplies. prices are going crazy. they cannot do business in venezuela anymore. we are watching qualcomm and apple with its semiconductors. brooke joins us now. this big win over in china over a patent case. >> this is regarding a long-standing dispute with apple. fees based on the technology that underlies all modern smartphones. this is the first landmark win for qualcomm in this apple dispute. it has been chipping away over time as apple has