Elizabeth warren, its recession. Carol and 2020 will bring about the great antitrust reawakening. The question is not whether to break up companies but how the laws are enforced. Kailey much more ahead. We begin with joel weber. Start of a new decade, what are the big things we needed to be watching . You hit a couple. Recession is one thing everyone is wary of. It has implications not just for the Trump Presidency but for the Global Economy as a whole. We give a survey of the World Outlook as a whole. 2 growth is what has been a projected but theres always a chance of it being revised downward. It comes down to the u. S. Consumer. In many ways, the Global Economy is on the back of the u. S. Consumer. Carol from the economy to elections. And the u. S. Is not the only place where there will be elections. That is an expected story. We can say elections, thats going to be a choppy sea. One more interesting place that will take up bandwidth is the antitrust conversation. This will dominate d. C. In a way that harkens back to the 90s and the last time antitrust dominated news. We think this might have a different takeaways that it did in the 90s where ultimately nothing significant happened. We think there are more serious things that could happen. Kailey that could be a big implications for the markets when it comes to these big tech names. We basically tried to take antitrust as a theme and look at it from every possible way you can. From how Elizabeth Warren can break things up to the players you need to know about to going back and looking at case studies of how the laws could be enforced. Carol it is a mustread. If you want to understand the players, issues, and the law. The other mustread is 50 companies to watch we start with 2000 companies that Bloomberg Intelligence evaluates and the companiesn to they are bearish on. We are not making calls, but they are ones we feel will be interesting and everyone should keep in mind. Carol what i love is if you go online. Get the magazine and read all about it but if you go online you can play with the list. The sorting ability is neat. You can find out companies that excel at women on boards or what earnings will look like. Carol for a look at the year ahead in politics, lets turn to josh green who joins us from our washington bureau. Lets talk about it. What is it President Trump needs to be worried about . He needs to worry about the fact that the economy, by most forecasts, is trending in the wrong direction. In particular, manufacturing is in a recession. That is key in the group of swing states in the upper midwest that will probably decide the next election. Kailey the demographics and geographics are all important here. Is it too important for him to change the game . Are we too far gone . I dont think so, necessarily. I break this into two lanes. When you look at what trump promised during his first year, he promised even 6 growth across the economy and that is not going to happen. On the other hand, he has had positives. Unemployment is at a 50 year low. The stock market is treading water near alltime highs. And he has managed to keep republican sentiment behind him even as he faces a slowing economy and impeachment. The big unknown is what are the effects of the trade war Going Forward . Bites bitehem into growth and the economy in states trump needs to win. However, theres still time to strike a modest trade deal. If you were to do that, it would turn sentiment around. Carol what i love is that you break it down into kind of what happened after he came in to the white house and you did see manufacturing jobs coming back. That was a lot of momentum and the tax cuts had an impact. In the last year or so, you have seen that shift. And as you say, in the key states he won, it has gotten tougher in terms of manufacturing jobs. If you go back and look at his term from a macro level, trump delivered. He had the stock market up, manufacturing growing. Jamie dimon said trump had succeeded in unleashing animal spirits. The problem is that all of that has stalled out. In large part due to the trade war that he started. Animal spirits have gone away, companies are not investing. We are now in a manufacturing recession. That has hurt states like wisconsin, michigan, pennsylvania, where recent polls show all of the Top Democrats beating trump in a headtohead matchup. That is a flashing red warning signal as he looks ahead to the election. But again, there are bright spots. He still has time to turn the ship around and pull another upset. Kailey lets talk about pulling polling and where voters stand. Trumps approval has been remarkably consistent. The 4043 approval. 5256 disapproval, that has been true throughout everything. Through the Mueller Investigation and now the impeachment drama. Most importantly, he has managed to keep Republican Voters pretty much behind him. He has a solid 90 approval rating. As of now, they are not abandoning him. As we saw in 2016, the Electoral College favors a republican candidate. There are areas he has to worry. He has lost enormous amounts of support from noncollege white women which were instrumental in 2016. He is driving away voters in the suburbs. But he has brought new people into the political process. His campaign believes he can excite voters who do not usually vote and like what he stands for. It will be a test of whether he can turn out enough Republican Voters to overcome what is undoubtedly a blue wave of democrats. Carol with everything going on globally and in the u. S. , we have seen this in past elections. It is ultimately about the economy and how everybody feels. It really is. If you look at the three president s in the 20th century who lost reelection races, all of them were running in a recession. Trump is not there yet, but all forecasts show things trending in a bad direction. Carol josh green, thank you. More on that coming up. Also, the stock market has a lot riding on the elections. Kailey but one thing could stand in the way of a recession, your shopping habits. This is Bloomberg Businessweek. Kailey welcome back to Bloomberg Businessweek. Carol join us every day on the radio starting at 2 p. M. Wall street time. You can also catch up on our daily show by listening to our podcast on apple podcast, soundcloud, and bloomberg. Com. Kailey and find is online and on our mobile app. Carol for better or worse , markets have become entwined with american politics ever since the 2016 residential campaign. President ial campaign. Kailey that shows no signs of changing in 2020. It is an awkward position investors have been thrust into. Now they have to have a sideline as a political scientist and gauge where the politics world are headed. It is turning into a market of its own. There are these prediction sites where you can track where the betting community believes the horse race lies in politics. Carol tell us about a strategist you visited. You start off your story with that. Its funny, a woman at rbc wrote how she looks at these political polling charts almost like stock charts. She is looking at Elizabeth Warren as a momentum stock. She said she would advise shorting joe biden. But just because he is waning in momentum. What is fascinating is that so much is at stake with politics right now. Obviously, when President Trump was elected, politics ruled everything in Global Markets ever since. But now some of these Democratic Candidates have platforms that threaten to upend a lot of the Main Industries in the u. S. Carol medicare for all will have implications. Absolutely. Thats why Elizabeth Warrens ascent in the polls has people scrambling to decipher what it could mean as her plans are all over the place. They are so broad reaching that you have to figure out her priorities and what will she be able to accomplish. A lot depends on what congress looks like. But a hypothetical Elizabeth Warren presidency has wall street scrambling to figure out all of the ripple effects. As you said, medicare for all has major implications for the healthcare sector. She also wants to raise the minimum wage, which would pressure margins but also provide more spending in the economy. Carol i think it used to be it was thought that if there was a democrat, it was not good for business. If there was a republican, it was. Markets would play off of that. But in recent years, we have not seen that. Tell me what happened if its democrat versus for public and. Republican. There are so many scenarios. Is it a democrat with a full Democratic Senate . There are so many different scenarios. I dont put faith in any of them because they are so unique and the candidates and the economic environments are unique. We have gotten into uncharted territory with President Trump doing stuff that no president has done before. Aggressively hitting china with tariffs, threatening them elsewhere. He broke what i think would be the paradigm of the past. You have to just play cards on the table now. Carol one factor standing between the u. S. And a downturn is consumer spending. It makes almost 70 of the economy, higher than almost any other country. Kailey while shoppers have been crucial for growth that is particularly the case now as we look ahead to next year. Here is matt townsend. The u. S. Economy has always relied on consumer spending. One interesting stat is 70 of the economy is u. S. Spending. That is consumer spending, in china, it is 40 . The economy is technically in contraction right now, cutting jobs with less output. The u. S. Consumer is what is propping up the economy. Kailey is the consumer feeling good . They are, and thats one counterintuitive aspect of the story. Broadly, economists at big banks do not see recession coming next year. The few bears on the case that c1 coming, they are pointing see one coming, they are pointing to job loss and slowing spending. But broadly speaking, economists do not see a recession coming because the consumer is so strong. Carol you go through a lot of Economic Data points. Consumers are optimistic, right . Consumer confidence is at relatively high levels. Carol its remarkable considering how long the expansion has gone on. Longest on record, and yet they are still optimistic. The data is showing more wage gains coming. If you look at a stat on job openings, its over 7 million jobs open right now. That means theres a big demand for labor all across the economy. People are able to negotiate raises or leave for better jobs. Raises raise wages, lifting up the economic fortunes of america. As long as thats happening, its hard to see how this changes. Carol how do you get recession if that goes on . Exactly. Cracks in the armor, so to speak , is housing. Housing is going up. Think about all the things that means. You are buying furniture, hiring contractors, and that is slowing down. Home prices are decelerating. Carol is it because of a lack of demand . Depends on the market. In new york, for example, the concern is too much supply. Kailey and you have more and more people renting rather than buying. And things Like Health Care costs. If those keep going up. If there is some sort of repeal of obamacare and people have to pay more out of pocket. Think about the people on obamacare on low income, that could stretch their wallets. And the job growth. While still positive, it has slowed down. If you are a bear on the u. S. Consumer, you see that continuing to slow down. Uncertainty about the economy freezes hiring and job growth slows. That could create a cycle of people worried about the economy and cutting back on investment spending. Kailey can the 737 max 8 regain altitude . Carol and what happens when the plane is cleared to return to the sky . Kailey this is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Kailey you can also listen to us on the radio on sirius xm channel 119, and on a. M. 1130 in new york, 106. 1 in boston, 99. 1 f. M. In washington, d. C. Carol a. M. 960 in the bay area, also over in london on dab digital, and through the Bloomberg Business app. Kailey boeing reported earnings and the company is confident the 737 max 8 will be cleared to fly this year. Carol while thats good news for carriers, the question remains if travelers will be nervous. Here is justin in dallas on what is to come. It was grounded for most of the years following two fatal accidents that killed 346 people. No regulator is letting it in their space. It has been a tough year for boeing. Kailey it is not just the fact they need to get planes back in the air that that they need to get travelers willing to go back, right . Right. Customers really need to face up to how much fear there is about the airplane. Thing is that the safest airplane is the one with the most attention, but a lot of the public does not Pay Attention to what they are flying. But in this case, they might. There is good evidence people will be cognizant of what they are flying and wants to know want to know. If it is, what to airlines have to do to get those people comfortable . Carol lets talk about what they are doing. They are going to lay it out. If you make a reservation, they will let you know if you are flying one of these. Yeah. The three u. S. Airlines that have it all say that they are going to be very transparent in this process and want everybody to know up front when you are buying tickets. The idea is practical because they dont want people getting on the plane and then having a freak out incident on the aircraft with the crew, social media, etc. It makes more sense to separate those folks early as possible, human if at the airport at check in even if at the airport at check in. They will let you book without penalty another aircraft. We dont know how long that will last. They have been hesitant to disclose how long that policy will last. But for several months, it will be the case where you are allowed to rebook. Kailey how much of a burden to him that do the airlines have to how much of a burden due at the airlines have to bear in restoring confidence or is that mostly boeings prerogative . It is a shared responsibility. But once the governments say this airplane can fly, the airlines are eager to get back into service for financial reasons. Then it becomes an Airline Issue because they are dealing with their own customers and their fears, concerns, and questions. Boeing will be involved in doing what airlines ask, but at that point, it becomes an airlinecentered issue. That is probably where we will see the most outreach. Carol from the global skies to the supply chain. Kailey here is austin carr about what chipmakers tell us about the undoing of the great Global Semiconductor supply chain. The crazy thing is you dont realize how embedded in the market is every single device we use, whether it is windows pcs are all the teeny parts that control memory and processing speed. They come from a global set of partners mostly in asia get power so much of what we had in the u. S. So the big thing we are focusing on is whether or not there will be this great unwinding for a market headed towards more interconnectedness that now might be pulled apart. Kailey so they are in everything, but they are not made everywhere. Can you map that out . Totally. One thing we highlight is this big ip lawsuit between global foundries, a Semi Conductor foundry kailey these guys are always suing. Theres arguments about the legitimacy of the lawsuits. But what they are highlighting, and finding reception on, is not just the corporate consolidation but regional. The company they are suing, tsmc, based in taiwan, they own 70 of outsourced chip production. That is massive. Global foundries says for the most advanced ships at Something Like 90 . So they are playing up the geopolitical concerns. How concerned should we be that our iphones could not run if we got cut off from the market. They kept referring to the company as being from Greater China but they wants to play into geopolitical fears. Carol we have seen that play out, right . Semi conductors have been a volatile sector for the duration of this trade war. Kailey every trade headline, Semi Conductors are so vulnerable. The conversation is how to get supply chains out of china. Where do they go and can they do it quickly . Its obligated. Complicated. An analyst we talked to said the Immediate Impact would be nearly one third of manufacturing would move out of china to places like vietnam, india, taiwan, elsewhere. Which is a compelling, massive shift. The downside is that normally takes a couple quarters, if not years, to relocate. It also means supply chain and component cost will go up quite materially, which has an impact on customers. This holiday season, you might not see prices raised, the fewer discounts. But fewer discounts. Some companies are having to find their own suppliers or create new supply chains, huawei being a major example. Kailey coming up, will big tech survived antitrust . Survive antitrust . Carol more from this weeks issue. This is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Kailey still ahead, the year ahead will be a big one for elon musk in his quiet courtship of china. Carol 2020 looks primed to be a great year for consumer gadgets. Kailey and we begin with antitrust. Carol social media and tech commit Tech Companies remain on radars. Mark zuckerberg testified this week and got a lashing on just about every controversy. The tremendous power amassed by facebook and other companies gets an entire section in the special issue. Here is one editor of the section. It was a very short discussion. Antitrust is going to be so important next year that nobody argued against a special section. It was like, yes carol because of the focus on big Tech Companies. Exactly. They are a big part of the economy and political conversation and 2020 elections. It was pushing on an open door. Kailey talk to us about the politics. We know this is a big issue for trump and his attorney general. This is a bipartisan issue. One of the rare issues were both parties seem to agree that big tech has gotten too big and too powerful. But they come at it from different angles. President trump thinks they are biased against him. And he really has it in for jeff bezos. He personally owns the washington post, and so trump likes to refer to it as the amazon washington post. Carol thats interesting. Folks think this is just a political thing and folks in his administration carrying out what the president wants. But there are some serious antitrust concerns. From the democratic side come at you see them focusing on the basic antitrust and economic issues. They are looking at Academic Studies that have connected low wage growth and low levels of innovation and productivity to big tech. They see that those companies are so dominant, so powerful, controlling so much of consumer data, that others cant compete. That that is the reason for all of these economic problems we have had. Their issue is coming from a classic antitrust examination. These republican issue comes from these companies are biased against us, keeping out conservative point of view. So it is an antitrust issue to them, but to others, they see this as political. Kailey this is a new way of thinking about consumer welfare. It is no longer prices, but issues of privacy and control of information. Yeah. Another reason antitrust is so important is that the laws allow cases to be brought if the Consumer Experience has eroded. Privacy, obviously, has eroded. There are antitrust experts who say you can now make privacy part of antitrust, which is a new thing. Carol the question is also how the laws are enforced. Kailey exactly right. We are talking about coming out of an antitrust slumber. The last time the department of justice went after a company was microsoft, 20 years ago. Even before then, antitrust had been evolving into this thing where if it did not harm the consumer or pushup prices, the country, legal profession, and courts said it was ok. Now youve got Tech Companies and all of this consolidation that has taken place. People are saying you cant use the consumer welfare standard because people are getting everything for free. And that is not really get at its power and what it can do and what we should do about it. So there is this whole movement. A lot of young economists, but others as well, who are saying we need to think about antitrust in a different way. We need to go back to the way we thought about it where just bigness alone is a problem. We need a different set of solutions. Kailey why is now the moment . Why is this the year of the great reawakening . I think there are two reasons. One is the growing awareness of income inequality. I know that may sound strange, but if you think about airlines, there used to be 20. Now there are four. That gives them incredible Pricing Power and control over the labor force. The second reason has to do with the problems facebook in particular has had. Privacy, data, cambridge , the election. The head of the house antitrust commission told me that when Cambridge Analytica came on, he knew he had to do something. Kailey apple smart glasses could make 2020 the year of ar. This is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Kailey join us every day on the radio starting at 2 p. M. Wall street time. You can also catch up on our daily show by listening to our podcast. Carol and you can find us online and on our mobile app. Back to our special issue. In the next 12 months, four new streaming services are coming online. For years Media Companies is the talk of hollywood and wall street, the streaming wars. A battle that pits the biggest names in entertainment. In the next 12 months, for streaming services will debut. Disney plus, apple tv plus, comcast peacock, and hbo max. For years, the impact of netflix on cable tv was downplayed. Now, they appear to be going after the largest paid streaming service. Surveys suggest the average customer will pay for 35 streaming services. Netflix amazon and hulu are well entrenched, leaving room for one or two more. Disney plus is the favorite amongst analysts and executives. It will charge 6. 99 a month, half as much as netflix and offer a library that appeals to every kid. Everything from the avengers and star wars to the simpsons and toy story. One big winner maybe tv show producers. Netflix is spending 15 billion on programming this year while amazon and disney are expected to boost spending to comparable levels. Kailey for more on the services, and if there are enough media hungry consumers, we checked in with our reporter. The perception of us people of other people in hollywood and wall street is that disney plus is the most formidable. In part because of pricing, but also what has. Disney has the most powerful movie studio in the world and that it has these brands that mean a lot to customers. The on ramp for disney plus seems quite easy. It will be very hard if you are a parent not to buy this. If just to save money because you are having to rent or buy movies over and over again. That being said, i am most interested in hbo max. Disney plus could still be an additive. Its not trying to be everything. Netflixs enemy is cable. Disney plus is a little bit more like a Cable Network in a traditional sense. It serves a particular audience. Hbo max is the only service that is trying to be all things to all people. Carol they have a wide array of programming from the getgo. Yeah. They combine what you already get with hbo. Then they fold in other programming from what was once time warner. That includes movies from warner bros. , aqua, harry potter, things like that. It includes things like cartoon network. Every day, i get a new announcement about a new series or licensing deal they have struck. The amount of press that they are putting out about these projects dwarfs disney, apple, and comcast combined. Kailey there is just so much content. Are people willing to pay for more streaming services . Is there room for everyone . Everybody . Im not sure. When i talked to the guy overseeing at t, they suggest people will spend about 100 for tv. A lot of people are still paying for cable and satellite, the number is in the 80 million range. It will continue to go down, but you have people who want news, sports, and live tv. But lets say people will pay for three or four services, maybe five. That probably means netflix, which is builtin. Amazon, which barely counts. And then they add on a couple others. Maybe thats hulu with disney plus, maybe disney max. Its hard to see every single one of these services knocking it out of the park. Carol someone who knows a lot about cable broadcast and streaming is the founder of bbb ventures. She weighed in on the future of cable. Disney is interesting, im probably biased because i worked for the company. But i do think they have unique assets. That is one thing bob iger has done that is incredibly smart. If you look at the movie business that disney has, because of the companies they have acquired. Because of pixar, because of marvel, because of star wars, they have more than half of the billion dollar films that have come out in the last five years. And now with fox, they have an even bigger library. I think they will be hard to beat among the new entrants. Carol is cable dead . There are still like 80 million subscribers, but what happens . I think it will take time, but i look at my children and they are not cable customers. This is largely a generational shift. I think that people who have grown up with Digital Assets and to understand how to use apple tv and roku and can put together their own you know, what would have been a cable assortment. They can do that themselves for less money. Carol some say you could ultimately see a bundling of streaming services. I think thats very possible. Why not . Carol staying with entertainment, 2020 looks primed to be a great year for consumer gadgets. Kailey i am so ready. It will be like the proliferation of faster 5g networks and the devices enabled by that. As well as a big push into augmented reality. Kailey lets talk about augmented reality, specifically apples glasses. Apple has been working on this pair of ar glasses since 2016. They have a massive team of hundreds of people working on this project. The idea is that it is basically like an apple watch or iphone for your face. You can put glasses on and it will have depth of field cameras with different degrees of freedom, as well as holographic lenses. To be able to sort of get emails, text messages, games, maps and such, to be in your field of view. You are not looking at your wrist or pulling up her phone. What you are doing is seeing it in front of you. And augmented reality differs because you do have that line of sight. I could be wearing these right now and looking at you as we talk while still getting information. Carol talk to me about microsoft. I dont always think about them my think about innovative products. They have got a new surface duo coming out. This looks like it could be pretty interesting. They are trying to change the narrative and i think this is under told. We have stories on it, but it is a theme some are missing. These new devices run on android. That means it actually has a chance to be sold, for people to use this thing. If they launch their new foldable phone on another operating system, it would be dead on arrival. But because it has been backing, its a phone people will look at. It is a new concept. I think it is a different variation from what weve seen from samsung. It will be far more optimized, and overall, a better product and better offering to consumers. Carol what are you most excited about . Anytime there are big new categories, its a very exciting time. What we have seen for years is apple being the only one able to usher in cool new hardware. But what we have seen is a lot more competition. These players upping their game. Its no longer the point where apple is the Market Leader necessarily. Thats the most exciting thing. Everyone is trying to make each other better. Its not something we have seen in a long time. There is more parity than ever which will make everything better. Kailey up next, two car stories to watch in the year ahead. Carol and daimlers designers on leading the way to sustainable luxury. Kailey this is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Kailey you can also listen to Bloomberg Businessweek live on the radio on sirius xm channel 119, and on a. M. 1130 in new york, 106. 1 in boston, 99. 1 f. M. In washington, d. C. Carol also, a. M. 960 in the bay area, london on dab digital, and of course, on the Bloomberg Business app. Tesla surprised markets with earnings at the most in years. They are also producing vehicles at the shanghai giga factory. Kailey if elon musk delivers the first chinesemade tesla model, it will be a rare case in which the companies famously scattered a ceo will hit one of his notoriously ambitious deadlines. The first foreign owned automotive plant in china. Its in shanghai and the factory was built in record time. It was roughly six months. Carol talk to us about the pace is all came together. Kailey from permits to car is ready to roll, how did it come together so quickly . China is interested in showing it can open its economy and tesla is interested in china is china is the Worlds Largest auto market. Elon musk traveled to china and 2019 for this official groundbreaking, and since then, we have seen all kinds of drone footage and photographs of this massive building. Carol take a step back. We spent so much time talking about the trade wars out there, and yet, elon musk, in record time, said he was going to do it and actually built a facility over in china. How did he do that . You need the support of the Chinese Government. China is known for fast construction. They are masters at building cities seemingly overnight. But to get a factory up and running, you need support from the government for permits and power. Tesla basically, they secured the land and financing. Construction began. Power was connected. This would not have been possible without support of Chinese Government officials. Carol carol he got support. What about u. S. Government officials . Im thinking any executive in the United States, if they talk about manufacturing in china, there is a lot of criticism from washington. Absolutely. But interestingly, you have not seen musk talking about the trade war. Except that he has been complementary about the Chinese Government. He has remarked several times about the speed at which china gets things done. He has been an normatively he hastoring, and been a enormously complementary and President Trump has stayed totally quiet on tesla. Kailey lets talk about elon musk and his twitter and the expectations he sets that are not always on target, especially when it comes to production. Walk us through the capacity expected at this factory. How many cars will roll off a week . In april, musk said he was feeling very optimistic. He expected the factory to produce 1000, possibly 2000, cars a week by the end of 2019. If they do produce cars in that volume, he would hit his target. Carol talk to us about how china, specifically as a market, what this means for teslas future. China is teslas second largest market outside the United States and then followed by norway. In terms of raw volume, china is hugely important to tesla. As we see signs of a possible economic slowdown in car sales, both in the United States and onoad, you have to focus markets where car ownership is still new. In china, thats the case. You have a growing middle class and aspirational buyers. It is a huge wealth of opportunity. Carol staying with sustainable cars, one comes to luxury, our resident car expert caught up with daimlers chief operator to chief officer to talk about what is to come. He is a superstar in the car world for his designs. If you drive basically any mercedes these days, he has designed all of those. He has been very influential. Carol been there for a long time . Since 1997. But he is still pretty young and he is the one who has been doing these crazy, conceptual cars. If you follow him on instagram, its great. He will put up photos of taxi drones that are like flying devices he has conceived. I spoke with him, and hes great. Carol i love concept cars. You wonder how much of this will be a reality. You talked about that. He is great to talk to because he looks like a very cleancut staunch, german man. Already a freethinker and he says look, i am already living in the future. We can certainly expect flying taxi drones and if you think about it, planes are already using autopilot technologies to fly. So autopilot, self driving vehicles are easier to do in the air than on the ground. So thats kind of exciting. Kailey i want to shift gears to sustainability. You asked him if sustainable luxury was an oxymoron. Immediately, he said no. The key to luxury is sustainability. He said luxury is being admired by society for any number of things. For your success, intelligence, whatever. Part of that admiration requires the responsibility to society and sustainability is how you show that responsibility. Does that make sense . He basically says, look, if luxury is going to continue with sustained ability. Carol Bloomberg Businessweek is available on newsstands now. Kailey and online. Carol find more on the year ahead including 50 companies to watch. The analysts who tracked 2000 companies identified in the businesses that will make news next year. So much great stuff. What is your mustread . Kailey all about the recession. I loved that piece this week. Carol just a reminder, its about the economy, stupid. I think about that slogan. Kailey what is yours . Carol the deep dive into antitrust. I think this will be a big issue on the campaign trail and its already a big issue in washington. What will happen to big tech . Could we see it broken up . I just feel like the magazine went into all of the issues and what you need to know. I loved it. Kailey it takes us through every single detail. You can also check out our daily podcast. Carol more Bloomberg Television starts now. Scarlet im scarlet fu. This is bloomberg etf iq where we focus on the access, risks, and rewards offered by Exchange Traded funds. Scarlet skin in the game. Eddy elfenbein actively manages his etf with a Fee Structure that aligns with investors. Ken fisher, the investor, the vulgarities, the fees. How the billionaire money manager is as oldschool as it comes to selling funds. Going big on big banks. How a steepening yield curve may be leading to more leveraging bets on financial