In the business section, you lay out graphic. Megan we took a close look at the house plan. It is a serious attempts to implement major changes to the u. S. Tax structure. But also there is so much at stake politically. It is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. When anyone tries to get this done, there is a reason why it has failed in the past. The u. S. Tax code is so complex and there are so many vested industries and people and and special Interest Groups that relied on parts of the tax code that in a normal, intelligence and stem you would not have him back. What is fascinating about the house tax plan is how much that it raises the deficit which has long been anathema for republicans. But also to make the numbers work, how much they look at smaller, limited parts of the code that will make a difference. Julia it is ok when you add those pieces together to make the money as long as you have the votes. When we look at the tensions of the Republican Party, that is what it comes down to. Megan it will be hard for two reasons. Number one, the rollout was what i would describe kindly as botched. I think there was a acknowledgment among the Republican Party that it did not do enough to help base voters and the core workingclass, or lower middleclass, uppermiddleclass voters. They have made attempts to correct that. The other thing is that in trying to correct that, they have alienated areas of the country that have higher pockets of uppermiddleclass earners. New jersey, new york. Higher state taxes. Who will be resistant to the changes and have little political reason to stay on what we would call the trump train. Such a big reform is ideal,it will be fascinating to see the battle played out and going to the senate. Moving the party the way that he needs to move it. Carol the elections this week will have an impact. Megan massive impact. You see it all over described as weak as a democratic tsunami. Big wins in virginia, big wins in new jersey. Particularly in younger voters. They came out this week. It will be interesting how many republicans see this writing on the wall and say that from will trump will not take us over. Especially in purple states as we say. Informing their own little political ideology and away from me to visit him. New jersey showed that there are choices to be made. Remain taxmad on story. Nt cover justin explains his thinking behind it. Carol we asked justin to go back and say how did we even get here. I think when people read it they will be fascinated to see not only the different eras that we have been through so focused we forgett, cut and the essential purpose of taxation, which is to pay for federal revenues. It is fascinating what justin said megan it is fascinating it is actually what justin shows far more eloquently than i could. Carol he talks about Alexander Hamilton and taft. Justin it seems like definitely since the early 1980s it has become this constant obsession. Carol the 1980s, that is when president reagan did massive tax cuts. Justin he did massive tax cuts tax brackets to inflation. Because before then, and inflation was in double digits in the 70s, people were being bumped into higher brackets all the time even though they were not wealthier. That was the big thing that drove the revolt. Carol you remind us that historically the idea of taxes is to raise revenue for the government. Justin it is sort of an obvious point and in theory is the idea of taxes. Carol but a forgotten point because tax reform has been a political football. I am sure there are elements before but starting in the 70s but definitely into the 80s and 90s there was much more serious analysis by economists but also political rhetoric about the Economic Impact of taxes. And part of that is just because taxes are like 17 , 18 of gdp, federal taxes. That is going to have a bigger Economic Impact. How you structure the matters taxes matters more. Sometimes in the hole discussion sometimes the whole about the current tax package, so much is about it will do this for the economy or it will mess up the Income Distribution in this way. There is some attention but it is squeezed to the side, we would help us raise more money to pay for government or not . Carol will it . Justin no. It will reduce revenue. Even people that are very much in favor of it, the way that it is structured now, it will increase the deficit and reduce revenue, even if it results in increased economic growth. Carol you remind us that we have been living in a modern tax policy era. Will it ever end . Because there was a point in our countrys history that we did not have taxes. Kind of a no tax era. Justin there was and it did not work well. Before the constitution, after independence, basically. The articles of confederation, the initial sort of constitution of the nomination, had no provision to raise taxes. They had to ask nicely. Carol good luck. Justin it is one of the reasons why people from the state said all the states said, maybe we should put something together so they can raise money. That was a big element of the constitution and it made clear that congress could levy taxes. Julia making tax reform the cover image was the job of the design director. Lawmakers working on a tax reform package. The magazine spent a lot of space talking about taxes this week. You had to make it to a cover image. What did you think about . Naturally, taxes are not the most visual thing. Thought it was more typographic. The idea was to create something that represented the confusion and help you station of the tax system. We came up with the idea of taking these tax terms and overlaying them. Julia you can say, the confusion, perhaps, that was generated. Writing is white what we understand most. Why is the system such a mess . We wanted the headline to hit you first. Then you have this deeper, you are searching. Carol when i first saw the cover, i was completely confused. Like wait, what which is what the tax system is about. Lawmakers are trying to maybe clear up. We will have to see. Did you have a lot of ideas or not really . Most of them whatever graphic. We work through a bunch of options. Julia it is punching. This color that we chose, appearing in charge for reagan era. Carol an era where there was a lot of tax reform and changes. Next, the Hedge Fund Behind steve bannon may not be finished with politics. Julia allegations of Sexual Harassment. Carol this is bloomberg businessweek. Carol welcome back to bloomberg businessweek. Massar. L chatterley. m julie you can find us online at businessweek. Com. Carol and on the mobile app. And the politics section, billionaire Megadonor Robert Mercer is known for bankrolling the movement that elected donald trump. Julia he is positioning himself to be even more politically active. Robert mercer is the coexecutive officer of mercer technologies, perhaps the most profitable hedge fund in the history of the world. He is the financer behind this brand of kind of insurgent republican nationlist insurgency that propelled donald trump to the presidency last year. Carol he is involved with steve bannon and breitbart. He has been bannons atm for his projects. To take over the Republican Party, push it in a populist, nationalist direction. The bailout Breitbart News when it was floundering and turned it into what it is today, this successful voice for this brand of conservatism. Julia what is going on here . Why is he resigning from Renaissance Technologies and at the same time selling Breitbart News . But he is selling it to somebody quite close to him. Explain this specifically. When he made this announcement last week on november 2 that he was stepping and heom renaissance made thesef comments about his political views, even mind that this is a person who has never discussed his political views at all. Julia the kind of does not need to, given who he is bankrolling. And set off a lot of speculation as whether he is stepping back from bannons projects in being this conservative megadonor that he has been. Carol is he . It is interesting. He made a lot of statements where among other things he denounces milo yiannopolis, this rightwing provocateur that he giving a lot of money to, and he distances himself from steve bannon. We talk about politics all the time but i make my own decisions. Like he is talking about his barber or cabdriver. This is somebody who has been his close political advisor and he bankrolled banons entire suite of projects over the last few years. Julia with Breitbart News, are you suggesting that the politics of steve bannon and milo you does not agree with, it is not going very far. Be going news may goingere but its not too far. Explain what is going on to understand what is going on with his conservative values. Josh green and i, who cowrote the piece, talk to people around and i come up and cowrote with these, talked to people around mercer. It is not a change in direction and mercers politics. It might free him up to do more. For instance, the sale of breitbart, he says he is selling it to his daughters. His daughter rebecca has always been the one that is the most handson in terms of breitbart. She is the one calling and story ideas are complaining about coverage. Carol and working closely with steve bannon. Thats right. Julia unions have championed themselves as advocates of safe workplaces. Carol reports suggest that the Labor Movement has work to do. Josh the Largest Labor federation in the u. S. Had its National Convention a few weeks ago. It happens every four years. It started in an unusual way. The Federation President read to all of the delegates from the recently strengthened code of conduct against Sexual Harassment and other kinds of misconduct. And actually presented for all of the delegates contact info for two people they could report Inappropriate Conduct two. He told me earlier that morning that there was a zerotolerance policy of the aflcio and he thought the federation was on the cutting edge and if not wanted to be on the cutting edge on these issues. Carol this is not just about reaction to what has been going on in terms of Harvey Weinstein and companies coming out about their policy. This is about stuff going on within the aflcio specifically . Josh there has been described a reckoning outside of the postharve we know, about Sexual Harassment and misconduct. It is now in the u. S. Labor movement. What it was that led to some of these announcements, people can speculate about. The code of conduct of the aflcio goes back to march, to the executive Council Meeting that they had done. We now know that there have been serious allegations within the aflcio, even about conduct going on during that same executive Council Meeting at which they were approving this new code of conduct. Julia as you mentioned, it was his assistant, the chief budget officer, that was in the spotlight. Explain a bit about what happened. Josh perry stapleton, chief budget officer at the aflcio, we reported was accused of inappropriate behavior towards female administrative assistants in the office. We reported that the response of the aflcio to the allegations, which included pressuring a woman to have a sexual relationship with him and suggesting that he could protect her job if she did, the reaction to those allegations from the aflcio was a series of disciplinary measures including a twoweek suspension and making him pay for the cost of additional framing around these issues but he did not lose his senior staff position. It was an outcome that many of the former staff that i spoke to did not think was sufficient. The outcome changed when we reached out to the aflcio, telling them that we plan to write about this issue. A couple of days later, Terry Stapleton resigned from his job. Carol up next, President Trump hunts for trade deals in asia. Julia hoping for successful Winter Olympics fading fast. Carol this is bloomberg businessweek. Julia welcome back to bloomberg businessweek. Im julia chatterly. Carol and im carol massar. You can also listen to us on the radio on sirius xm, am 1330 in boston, and am 960 in the bay area. Julia and in london and in asia on the Bloomberg Radio plus app. In the politics section, President Trumps withdrawal from the Transpacific Partnership puts them in a difficult position for asian commerce. Carol he is seeing that firsthand with a trip to the region. Heres economics editor peter coy. Peter as one of his first acts in office, he pulled out of the Transpacific Partnership. That big 12 nation create the trade deal that was highquality in terms of components that the u. S. Looks for, which is restraints on the ability of state owned enterprises to subsidize, to get subsidies from the government, and so on. It had a lot of things that countries were reluctant to give and it had been won over intense negotiations, kind of trench warfare. And so when trump pulled out of it, a lot of people saw it as a backward step for the u. S. And i think now we are seeing that that turned out to be the case. Carol we have seen in history that it is better to be a part of these agreements. Think about a u. S. Multinational. It does business with multiple countries. If each country as a separate deal with domestic content rules or other things, that sort of splinters commerce. It is exactly the wrong way to go. What you want is a common set of rules across all of the markets that you play in. Carol where does that leave President Trump and his team in terms of negotiating trade . He already backed out of tpp. Mean, countries do not want to do Bilateral Agreements with him, and do they . I talked to a trade expert today who was saying that the u. S. Not right now. I talked to a trade expert today who was saying that the u. S. Is going to find slow going with the likes of japan and korea. They will save the status quo is not terrible. If we think that President Trump will make strong demands, we may be better off sticking with what we have. We will help trump save face by going through the motions of talking but we will not make any concessions. They may be just trying to out weight him. Carol in the economic section, south korea is preparing to host the olympics. Julia they might have trouble shaking off north korea. The corporate scandals in south korea. Carol here is our editor. It is a perfect storm of bad stuff. Actually, as we found out it is not just the threat from the north that may keep people away. At home, the threat from the north may keep people away. At home, people are demoralized with scandals, bigname companies. Carol you are talking about samsung . One prominent one. Carol the government . That is right. They do not have big champions of the games this year. In previous years they were strong in iceskating. So, that is also in depressing i think. Carol meanwhile, they are building, right . They are putting on the final touches. And expecting lots of money. They are going to be ready, unlike socchi, where reporters were on social media sending photos of missing Manhole Covers and dirty water and the door fell off in my hands. You know, that was all the stuff. When we checked in on the facility that is going to host the opening and closing ceremonies in midoctober, that was done. They were putting the finishing touches on that. The area is already a tourist area, mostly domestically. So, it has facilities. It is going to be a highspeed rail link from seoul, so people will be able to stay and take the train and for the day if they are going to see an event. So, there has not been as much spending required. Carol i am sitting at home and listening to this and thinking, wait a minute. How close is it going to be held . 60 miles. Carol are people buying tickets to events . Are they anticipating that people in the south korea or tourists will be coming in . They only sold 30 when we checked in other targets. Carol that sounds low. But i dont understand it is true that they have set it. Ticket sales accelerate as they get closer. You were saying that we have forgotten this is going to happen. They are saying, when the torch relay starts, that is when the world wakes up to the fact that especially the winter games are happening. That just wrapped up. They are saying that the last three months are crucial. But still they acknowledge that , they are running behind. The ironic thing is that they have sold more tickets to International Buyers, although proportionately, only 350,000 tickets set aside for International Buyers or 320,000. A much bigger proportion, 750,000, for south koreans. They are doing better for International Buyers than at home. Carol up next, saudi arabia and one of the most prolific billionaire investors. What a shakeup in the kingdom might mean for the future of the middle east. Julia this is bloomberg businessweek. Is this a phone . Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Julia welcome back to bloomberg businessweek. Im julia chatterly. Carol and im carol massar. Still ahead, what is behind saudi arabias purge . Julia plus, the brothers who bought a country in africa. Carol out of the box ideas and a holiday giftgiving guide. Julia all of this still to come on bloomberg businessweek. Julia we are back with editorinchief megan murphy. One of the big stories this week has been the focus on saudi arabia. This gentleman may not be the face according to saudi arabia of the country but as far as International Investors are concerned, the prince is someone that they recognize and have done business with. Megan detained in this crackdown in something that was so surprising. We cannot underestimate how much this has sent reverberations around the world for not only the kingdom and the middle east but for the american investing community. This is a man incredibly well known for investment in Companies Like apple and twitter. Lyft. Citicorps. Citigroup. How much money he pumped into that in the 90s. This is a man whose kingdom corporation, what he has built in terms of the modernization of the kingdom, has mostly women working for him, was supportive of allowing women to drive, and was a forwardlooking international face. And i think there are a lot of people surprised when people that are closer political rivals and saudi arabia, the one that has emerged in the saudi arabia, he is the one that has emerged as the focal point. Toe concern, frankly, as what it might mean. Carol people likened it to in the united states, arresting somebody like bill gates. For people who were not familiar with them, it is huge. Megan the as a partnership with bill gates with the four seasons buyouts. This is a man with friends in high places, not only the business titans about political titans. A very prominent face. Close ties with the media. Has always been quite accessible and transparent. This goes down to what the Corruption Initiative in saudi arabia, what people are looking at and we talk about this throughout the magazine this week, what does this portend for the future . Is this a crackdown, there has been widespread comment on whether the saudi billionaires including the prince have siphoned off money to fund their own largesse, that is what is being closely watched. What does it mean . Is it a slide to the kinds of autocracy that we are not used to seeing . Julia actually it is interesting because one person i said if youre going to reform a country like saudi arabia, it is going to hurt. You need to send a message at this stage that if you are hurting, the the upper class, the royalty are also going to hurt with you if they indeed are corrupt and have been dealing in this way, not in an honest way, perhaps they should. And that is the message they are trying to send. Megan that is such a great point. The crown prince, in targeting some of the wealthiest people, detained in this is about 33 billion in individual worth in this crackdown. What is interesting is we have heard from say this is a crown prince who is looking to radically transform the economy away from Oil Dependency into a modern business economy. Did he view these people as impediments . Perhaps. But it also signals that as i profess away from this society we about, these people need to see. Carol people have called it the palace purge. The is trying to make significant changes. There are ministers and folks within the government also per. Purged. We have talked to people who say that the support was not universal. This is the initiative. While it seems from afar as a country that moves in lockstep, the factions and the traditional split of power cannot be underestimated. The house of saud was split so that there was not in incentive to consolidate power behind one figure, behind one faction. Between the military, the government, the economy. Now we see this concentration of power around the crown prince. He seems to have been able to consolidate that. Whether or not he can pull off his agenda, there are a lot of expectations. Julia he has put his credibility and reputation on reforming the country. Has he bitten off more than he can chew . Megan that is the key question. Peter there is no doubt that the crown prince, the heir apparent wanted to move out some of his rivals, particularly the head of the National Guard who was a favored son of the former king and posed a threat. The National Guard was the only Military Branch that Prince Mohammed does not control. Now he does. There was Something Else at work. It was billed as an Anticorruption Campaign and i think there is truth to that. There is no question that this is serious about transforming the economy. He wants to remove the layer of sinecure and handout that has burdened the economy and sapped incentive for investment and entrepreneurship. He is doing two things at once here. Julia the thing that is unusual for the International Audience to see, just a week after we had all of the big names in saudi arabia talking about how the country is going to be opening up and becoming more liberal at the same time as his massive corruption crackdown. Can those things be consistent . Peter that is a good question and it goes to the contradiction of this 32yearold crown prince. He has only been in office for a couple of years. He is feeling his way. There is one thing i can tell you. I spent many hours with him last year in an interview and he is absolutely certain of the path forward for himself. He is cocksure that he knows best for Saudi Society and is ready to pursue that. It is this dual track. Imposing these reforms from on high, where he will tell the saudi people and try to create policies to promote entrepreneurship and say to them, you have to go to work. We cannot survive on oil revenues. Look at what is happened to the price. Look at the budget deficits. At the same time, as you pointed out, he is doing things in a repressive manner like an autocrat. He is arresting people like the prince who is the socalled citicorp prince and is in detention in his desert camp. Carol someone wellknown to financial circles. The chief playing to his base of people under 25. Is that correct . Peter he has identified a constituency so to speak. Not that he needs one. He is an allpowerful prints. He has identified his constituency and that is this youth in Saudi Society were about half of the population is under 25. Many of them are welleducated or becoming welleducated. There is frustration with job opportunities. There is an understanding and a desire to integrate with the Global Values system in terms of the place of religion in society as well as things like Climate Change and other global concerns. So he is playing to that base. I think you shares some of those values. He certainly likes to talk about Silicon Valley and tech. He thinks of himself like a steve jobs figure. Carol we discussed the cover image for the issue. Julia everybody talking about saudi this week and the correct terms corruption. You chose a bold cover, the prince. We wanted an image that shows him contemplating his domain and where he is going to take the country. Carol where did you get that image . Did he sit for you . This was a pickup. We went through a lot of options and we wanted one where you connect with him in a way. Julia he is young. Outany of the photographs there, he is smiling. He is talking. He looks pretty fierce. You say it with words on the cover as well. This crackdown, you call it a revolution. The last cover we did with him, he was smiling and more jubilant and now he is taking a more serious tone. Carol i also thought the darkness of his clothing, it is more ominous. We pushed the image of little bit. We wanted to feel to play into the darkness of the photo. Julia the look on the photo as well. We do not know where this is going. Carol up next, amazon, apple, and google race to speak in indias languages. How the economy and africa came to benefit one powerful family. Julia welcome back to bloomberg businessweek. Im julia chatterley. Carol and im carol massar. You can find us online on businessweek. Com. Julia u. S. Tech companies are trying to differentiate themselves in india. Being vocalfinding is king. Bcontinent amazon as well as google and apple have made a concerted effort to tailor their virtual assistants, whether it is syria or Google Assistant which powers the messaging app or the ecco, run by alexa, for a local market in india which is increasingly full of not only firstgeneration Internet Users but people learning to read for the first time. People who do not speak english as their first language and people who would rather talk to their computers than typing to them. Carol it sounds like you may we feel like where more things are being individualized and customized that it makes sense that the ritual assistance would be more customized to the market they are selling into, but this is still an unusual move. The companies involved, particularly amazon, moving into Companies Like amazon and germany a year ago. For the first time shipping these more speakers to india in a real way and this is after they put in the effort to use linguists and speech scientists to help Developers Train it to among other things speak a blend of hindi and english which was challenging to develop for because it is a test that ai has not gone through before. Blending two languages in a way that you can combine the spelling and grammar in each to create a third fusion that means something different. Carol it is not just about getting the accent right, but it about getting the ax of red, it is about understanding Indian Culture and holidays. Jeff the big objective is to make systems that sound more inherently indian. Whether that is having a particular accent or recognizing that Independence Day is august 15 and not july 4. Carol one indian born family has come to wield incredible influence in south africa. Juliette we spoke to the reporter. Gupta family. These three brothers from a nondescript part of india immigrated to johannesburg, build something of a Business Empire with interests in mining and Information Technology and the media and in the process it is alleged have attained an incredible degree of political influence, both over the current president but also over a number of important ministers. The heads of state owned companies. What they are accused of doing with this influence is running the government for the benefit of their family. And really it has created an incredibly severe crisis in south africa, by far the worst since the end of apartheid, and one that is shaking that society to its core. Carol i want to get to the impact on south africa because it is significant, but tell me about the trajectory of the gupta family. Became to south africa initially when the country was booming. It was opening to the world after years of international sanctions. There was money to be made. Introductions were made at opportune moments to allow particularly the eldest brother to make powerful friends. One of them was jacob, who, around 2005, emerged as a possible future president. What is interesting is that the guptas rise coincided with a time 10 years where the Political Party was splintering. There was a moment where rather than being unified, the party was experiencing a schism. That was the moment when the brothers were able to insert themselves and to befriend jacob summa and become one of his key allies. Carol they are very smart on a lot of levels. They did hedge political bets and tie themselves to zuma, but they also employed members of his family before he became president and that created some kind of relationship. That is correct. Particularly his son is very closely associated with the guptas. He has become a director or shareholder in Many Companies in their orbit. He was hired in 2005 when he was in his early 20s. A very indicative detail is that he was involved in a very serious car accident that killed one commuter. His first call was to the youngest of the brothers rather than to anyone else. That tells you how close he is to that family. I should stress that the family denied all of these claims. Merelyy they are businessmen who are not engaged in politics, or not lobbyists, about from arrangements with the government. Since these allegations have not been proven in court, they have not been charged with any crime. When you have dealt with the guptas, what emerges is a picture of savvy operators. Three men who understood that they were operating in a fluid system. South africa is a place that had a new government where the government officials are former guerrilla fighters. There is not a long tradition of democratic governance. If you are a political entrepreneur, if you like, and you have money or skill to deploy, you can get quite far quite quickly. Julia up next, why cloud coders are so excited about an application coming out of google. This is bloomberg businessweek. Carol welcome back to bloomberg businessweek. Im carol massar. Julia and im julia chatterley. You can listen to us on the radio on sirius xm, 1130 am in new york, am 1330 in boston, and am 960 in the bay area. Carol and in london and in asia on the Bloomberg Radio plus app. Julia a look at something for geeks. Carol this makes it easier to store code on the cloud. A huge deal for all of us. Heres the reporter. I think a lot of the advancements that have been made in terms of the trip industry and the hardware and the evolution of software, there is a disconnect between those things and frameworks were built for specific hardware. You have these big gaps, security holes and bugs. Docker had built and , they sold a lot of these inefficiencies and pushed software forward. A reason you are having these big pushes towards Cloud Software with amazon and google and alibaba, they are building these colossal businesses. All of them say this is very early, but are a lot more businesses that could use on demand and on center storage. This is one way you can test the cloud. You use containers, store that data on the cloud but keep core data on your premises which are a lot of Companies Want to do for security reasons. Carol it is a little complicated but for Something Like philips lighting, for their app, it made them turn on the lights faster. In software, time is money. If they can reduce Something Like a three second lag, it may sound trivial but for the engineering team, that is a big change. I think the bigger change, they did not tell me necessarily but it is not cost savings but they hinted that it does reduce a lot of the costs they put into previously maintaining and running the software. You have a lot of Companies Like phillips, which is over a hundred years old, trying to keep up with the times and modernize and connect all the devices to the internet. In order to do that securely and in order to do that efficiently, you have to have the latest cuttingedge software tools. Carol now to something really exciting. The annual gift guide. It is not always easy to think of your friends as, this is a guy, this is a girl, this is a kid, this is an adult. We break it up to travel, you have an active family member, if you have a fashionista in your life. We break it down to what people like and care about. Carol lets talk about travel and adventure because there are some really cool items. So, walk us through them. One of my favorite things that we have is a simple idea. It is 99 and it is a beautiful map of the world or you can get a map of america. It is for families that want to keep track of where they have traveled in the world. It is a vintage looking map and there are these beautiful tagelooking handset and pins and you just put a pin where you have been. Carol also great headphones, you include something with that . Mark we also have these headphones made by a company. This is handstitched leather. Fancy. Someone might not know that you have hightech headphones on but you will know. Carol do they make good sound . Mark they have great sound. It is good for tuning out the world and keeping to yourself. Carol you also include a skin vitality treatment for people into travel adventure. Mark it is such a thing now. Men, women, teenagers love wearing masks. That particular mask is a popular one and it comes in four stages. When you get off of the plane and you feel like somebody slapped you, you are tired and dehydrated. It pumps it up for you. Carol the thing i definitely mask. S the eye goes for 500. They are adorable. You know how some butterflies have the eyes on their wings to fool predators . Fendi has adopted that into bags. Carol a deep dive into the history of taxes. A reminder that taxes were first thought about to increase revenue. It has become a political football. Great story and great information. Julia we go into the process. Saudi arabia. What an incredible story. For the last couple of weeks. The crackdown on corruption and the consolidation of power for the crown prince. This involves a billionaire businessman in saudi arabia but everybody outside the country knows so well. Carol well known for audience and the purge is just beginning. Julia Bloomberg Television continues now. Pres. Trump American Energy will power the future. We have become an Energy Exporter for the first time ever. Pres obama we produce more oil at home than we have in 15 years, more natural gas than ever before, and nearly everyones energy bill is lower because of it. Alix 40 years ago, these with images that rocked the u. S. Now, america has gone from Energy Crisis to energy success. Pres. Trump powered by new innovation and technology, we are on the cusp of a new energy revolution