chairwoman and chief executive recently spoke with david rubenstein in the sixth episode of the david rubenstein show. the two discussed changes around the world that have made it more challenging to run a global battle to hit on the defend and activist investor to break up the country -- break up the company. >> most ceos are ceo for five years or so. the stock is up 67% since you have been the ceo. is it harder to be a ceo now than 10 years ago? look at the world in last decade, the financial crisis changed the world in norma slate. , theave had since then world has not recovered from financial crisis. you had geopolitical of peoples all over the world and on top of that, technology disruption is rewriting the rules of most companies. what kind of jobs are you going to keep in the company? how is e-commerce going to impact your business? there is some technology impacting every part of the company. this last seven years in particular has been a real challenge to run a large company to be ayou have foreign-policy expert, a technology person, you have to talk to the front line in two

lower today. ♪ >> it is new in new york. i am vonnie quinn. david: and i'm david gura. welcome to "bloomberg markets." ♪ bloomberg world headquarters in new york, we are covering stories from new york to london at this hour. a republican in the white house, and both houses of congress will be in republican control. that does not mean that the senate will rubberstamp everyone that donald trump picks for his cabinet. also, snapchat has filed privately for an ipo. the listing that could come as early as march. we will speak to the managing director at one of the most exclusive luxury areas about travel this holiday season. julie? up in we have been going its and starts ever since the election. it is one of those types of days again

considering retired army general david petraeus to be secretary of state. according to a senior transition official, trump will meet with petraeus today. he was the director of the cia but resigned after revealing he shared classified documents will having an extramarital affair. an accused of killing nine black permission is at a south carolina church will act as his own attorney. dylann roof's decision came against his lawyers advice. the judge said he would reluctantly accept the decision. world gdpzation said will expand, that is the fastest pace in five years. chiefke to the oecd's economist. increased our global growth path for 16 and 17 based on fiscal stimulus not only in the united states, or expected therefore 2017 and 2018, but also ongoing fiscal stimulus in china. it is not just donald trump, but more broadly speaking the larger economies. >> for the lsast five years, she says the global economy has been in a low growth trap. global news 24 hours a day powered by more than 2600 journalists in more than 120 countries. this is bloomberg. nejra: thank you so much was a

have you on the program, david. antiquated and needs updating, tell us more. >> a system that has been around for a long time here while we have that technology come into other areas of the market, this is one that has resisted. it resisted for a lot of reasons but it is unfortunate. you, whatanted to ask we had earlier this month, by the markets standard board which is a london-based trade organization made up of big investors, investment banks, for anybody who does not know. they outlined reposes saying that banks -- proposals to say that i should the close policies for divvying up debt to investors. they are talking about the process of book building. these proposals are aimed at fixed income markets in europe, do you think they should be employed globally? >> you need transparency through all aspects of the capital allocation process. what is going on in europe is a good start. the recommendations they have talked about, they are still gathering comments and they should be rolled out globally here trent -- globally. transparency is good for markets , it allows a better allocat

lagarde. ♪ >> 1:00 p.m. in new york, i am david gura. vonnie: i am vonnie quinn. welcome to "bloomberg markets." ♪ david: from bloomberg world headquarters in new york, coming to you from washington, paris, and frankfurt. jeff sessions is the attorney general and he is also named a national security advisor and cia director. we look forward to his meeting with mitt romney this weekend. president-elect from's policies may improve u.s. productivity. we had to washington for how republicans are pushing medicare reforms. how the changes affect seniors and the insurance industry. abigail doolittle joins us. abigail: we are halfway through the trading session looking at small declines from major u.sages in the

vonnie quinn. david: i'm david gura. welcome to bloomberg markets. ♪ david: from bloomberg's world headquarters in new york, we are covering washington and new york. opec quenches the deal to cut , rising over 8%. the next u.s. treasury secretary, we will did -- dig into the latest. ♪ hyman joins us now with the latest. markets are moving a little bit on the oil news. julie: definitely. especially looking at oil stocks. energy shares are helping. we'll talk more.

. >> and david foley's art collection has hit the top of the chart. the auction resumes today. the three-part sale includes 350 -- 350 items. news 24 hours per day powered by 26 hundred journalists and analysts in more than 120 countries. >> let's talk about sterling. throwing markets into turmoil. for all of the trumpet inspired currency swings, richard jones joins me now to wrap up the week. this is sterling against all of this. the real beneficiary of a trump's victory would be the pound, would you believe meac oh >> it would not be obvious. with a lot of different traits we can talk about is that the consensus trades, or the trade everyone had on before the result, a lot of them had gone the other way. at works atoking that and if anything position should be unwound. and the pound has been a big bit -- eight beneficiary. -- been a big inefficient very. beneficiary. >> this is the pound index. what upside is there for sterling, given the focus seems the elections and referendums. guest: the election of donald trump does sharpen the focus a lot of political risks involved. a big shock

bloomberg surveillance. herro. is david tom keene asked whether he only need 3% to get the fed on rate. >> productivity growth is not i'm it was, just .6 per and in the population is only growing at the same pace. growth potential is only around 3% nominalm and a gdp figure will get you close to the fed's 2%. mark: are we becoming like : are wend japan -- tom becoming like europe and japan? a low, but maybe intensity version of what is going on in parts of asia and europe. hear michael darden say that, does your expected rate of return come down? >> what we do is look at all kinds of factors and we are bottom-up value investors so we look at what we believe can grow. we have to incorporate that macro economic forecast, but there are so many factors that go into earnings growth that that is just one of them. the big overlay, the gdp growth figure is just one of them. some companies could do far better, some need just a little bit of a tailwind, and some cannot do well or fly in a low growth environment. analystshat our job as has to be, to determine what impact the macro environmen

in new york. david: welcome to "bloomberg markets." from the bloomberg world headquarters in new york, from washington to johannesburg, here is what we are looking at. stocks pulled back. investors worry the postelection rally have may have gone too far, too fast. and larry summers shares his advice for donald trump. rallyinge shift from to governing. and helping the federal reserve by increasing debt and spending. there halfway through trading session. let's go to julie hyman. the dow did rally. it did touch an intraday record. at the s&p and nasdaq are languishing here. the nasdaq getting pulled down by technology which we will

, david davis, u.k. secretary for exiting the, is answering questions. he gave a statement on the ruling that government needs parliament approval before starting brexit. you can watch the entire speech on the bloomberg on live go. getting on with delivering their brexit mandates, article 50. it is the beginning of the brexit process. no second referendum. the government believes it has prerogative on article 50. the supreme court will rule in early december. he says the government disagrees with the court judgment and will appeal. we know that that debate continues. time for the bloomberg business flash. a look at some of the biggest business stories in the news now. more problems for vw. poetsch has been added to a german investigation of the emissions scandal. relates to his time as chief financial officer. meanwhile, volkswagen could have more trouble in the u.s. a newspaper reporting that american testers have found technology to cheat emissions test in audi cars. any report confirms the central bank in germany said that the economy went to a soft patch in the third quarter.

. : and i am david gura. welcome. ♪ we are covering stories from new york to paris and tokyo this hour. optimism.on opec agrees to cut output. president obama meets in new trump meresident-elect to new york as he continues to assemble his administration. julie hyman joys us with the latest. we have touched it. julie: it looks like we are trading at a new intraday record. 2194, even. the dow earlier touched a closing record. but it is not on an intraday basis. the nasdaq is

at 5:00 p.m. in london. david: welcome to bloomberg markets. ♪ from the world that goes in new york, coverage for from los angeles to london and berlin. president-elect trump and vice president-elect mike pence me to review names for the cabinet and senior white house positions and we go live to the los angeles out a show or an interview with show for an- auto interview with the president of ford. the latest on what markets are doing now. most are doing the opposite of the past several days which is the overview up today. as investors take a step back and try to judge whether the run we have seen in some elements of the stock market and the plunge in others is justified given the outlook of markets and the economy under a donald trump administration. a pullback, the