There is so much opportunity. Every region for us was up this quarter. We will make sure our sheet is absolutely bulletproof. Matt some of the world sharpest minds share cutting edge insights on the market. Negative Interest Rate set up all kinds of incentives. A low return world. The three most important words to remember. Matt plus, carson block reveals his latest short selling target. We think there is a chance it is about to lose half its revenue. Matt it is also the head on bloomberg best. Matt hello, welcome. I am matt miller. This is bloomberg best. It is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Throughout the week, investor attention focused firmly on friday, awaiting janet yellen s speech at the jackson hole economic symposium. But on monday, comments from the vice chair caused a stir. Stanley fischer signaled that a rate hike is still on the table for 2016. Speaking in colorado, he said we are close to the targets. , looking ahead i expect gdp growth to pick up as we recover from the surprisingly weak dollarnd the past diminishes. What do you hear . I described this as less of an aggressive hawk and a slightly more ill tempered dove. Do you think the rate hike is on the table . Without question, they should be considering a rate hike. The Economic Conditions in the u. S. Without question war rant one. How can the Global Economy cope with this . This is something that the fed has not looked at it they are much more intuitive. Would a rate hike make a difference to the binge we have seen in credit markets . We look across markets whether it is credit or even equities that Central Banks are becoming key to the asset markets. We think a rate hike would have a negative impact. Monsanto, is the third time a charm . Bernstein saying that the number bayer has to hit is 135 a share. Talking to each other and a potential price syngenta getting approved by regulators yesterday, putting the heat on a potential monsanto deal. A step closer to sources according to bloomberg. How much closer . The guy who got this moving is hugh grant. He is the ceo at monsanto. Last year he took a run at syngenta. He showed that they needed to be more consolidation in the space. He cant push back on the strategic concept of bringing too big jonathan because he made it. Exactly. A yearandahalf ago he was arguing that this was what needed to be done. I believe right now that they have offered 1. 5 billion for termination fee. They will want more at monsanto because there are regulatory issues that will come up and price always matters. Glencore reported a 66 drop in the first half profits. The minor and commodity trader is owned by glastonbury. Net income falls to 300 million. Debt reduction is a banner head line with this set of numbers. Exactly and that is what people will be paying attention to today. The surprise is that people are talking about reinstating the dividend by next year at the big and other big story for today is how much progress they have been able to make in cutting debt. You saw the unexpected deal coming out and that speaks to how quickly and how much. Thats an effort to stabilize the Balance Sheet and turn around the company. There is a mixture of stories. Very good performance from the marketing business. Sort of as predicted, but still a good performance. A good recovery on the metals and mining side of things. The actual physical mining of what they do. But not so good on oil and gas. That has dragged them down. The cost of servicing the debt has gone up. And there is a hit on the hedging activities. So this has dragged the headline numbers back into a loss, but the underlying business is doing really well. So on balance, quite a nice report. Carson block entering new territory. The Research Firm is betting against the financial strength of st. Jude medical. This is as the Device Company is in the middle of a takeover. Why do you believe the stock is poised to fall . We think there is a very good chance that it is about to lose close to half its revenue. That could be for two years or longer. This would be due to device recalls. He found a security flaw. You found and achilles heel. We were made aware of it. We did not find it ourselves but we were approached by Cyber Security researchers who had been doing a study on the four largest manufacturers of cardiac devices and their security. So what they found with the saint jude devices and the ecosystem stunned them. This appears to be a company that, for years, has put profits before patients when it comes to Cyber Security. And we think it is important to make sure that users are notified of the risks and to hold them publicly accountable. Saint jude has made a statement saying it takes the security of its devices and data very seriously. Saint jude says it will remain vigilant to the sophistication of those seeking unlawful access to such data. The saint jude cto denied the vulnerability saying allegations are absolutely untrue. What do you make of this . How seriously should we take it . We talked to the Cyber Security company that did the research and their findings track with discoveries that we have written about over the last eight years. The sub story here is the sequence of events that led to this information going to carson block. It was the Cyber Security firm in miami that was doing research on these for some 15 months. And then brought this information to carson. And then formulated this short hypothesis. This is totally unprecedented. Tell us specifically how you would make money by passing on a solution to muddy waters . Do you make money regardless or is it only if they make money . Matt do you get paid a fee . We are paid on a fee basis and as consultants. Our compensation is connected to his investments. Markets and economists are on standby as we get set for Janet Yellens speech, the formal topic is around Monetary Policy toolkits, and many will be looking for clues as to whether the central bank could raise rates as soon as september. Janet has a message. She is not part of timetable on it, but she says the Economic Data has improved and the case for an increase in the federal funds has strengthened. Parts that how you will, but it is the most optimistic and directs that janet yellen has been about Interest Rates in quite some time. The labor market has improved and inflation while still low is still subject to the transitory effect of energy. Janet yellen goes on to caution that the outlook is uncertain. Policy is not on a preset course. The feds ability to predict where rates will go is quite limited. Because disturbances and headwinds continue to buffer the economy. So over the longer run, she adds that forecasts show that the rate will settle at 3 in the longer run. That is higher than most people on wall street would put it. The rest of the speech is a defense of the fed policy actions during the recession and recovery. How they have contributed to the economy including the big Balance Sheet. Janet yellen goes on to say that at this point, we need the tools Going Forward although she says the fed is not studying the idea of targeting higher inflation or nominal gdp. Matt we have much more from jackson hole later in the program. Interviews with several significant figures at the fed. Plus we hear from howard marks and we dig into some surprisingly sunny earnings reports from builders on both sides of the pond. Up next, get ready for tesla that can hit ludicrous speed ridiculously quickly. This is bloomberg. Matt this is bloomberg best. I am matt miller. Lets continue the global tour of the top business stories starting with a major acquisition by one of the Worlds Largest pharmaceutical companies. You have pfizer clenching the purchase of medivation, 14 billion. This deal gives pfizer a block buster Cancer Treatment that is already approved for sale. There were three or four other companies around medivation. It trades at 81. 50 a share. Off on your expectation of valuations and what others would bid. Pfizer really came in and blew them out the door with a 14 billion allcash bid. Looking to split into two at some point. Does this purchase make it more or less likely . One of the test things for interesting things about pfizer is that they are so big that even when they go out and do a 14 billion deal, there are analysts saying it doesnt move the needle for them and it wont affect the split. Another crisis on the horizon for volkswagen. It is here and now. The german carmaker is having to halt production with its most popular model. Talk to us about what is going down in germany. Right now they have shut down production of the golf. A number of plants are affected. It is unusual. Volkswagen is known for pleasing squeezing suppliers. It looks like they have gone too far with this one supplier and the damage could be as much as hundred Million Euros a week. Shares of europes largest automaker rising today after it negotiated through the night to reach a deal with a supplier. Work had been called that for atted for almost a week factors across germany. What did the deal look like that they came to . Details are sketchy. Only know for sure is that deliveries of those parts these are seat parts and transmission parts. Delivery will be restarted and will be resumed in the coming days. So production can restart. This kind of an action wont sit well with volkswagen and they will likely seek second suppliers for these types of parts so they are not left henan hung and dry in the future. Investors in tokyo dealing with a new whale. 1. 3 trillion Government Pension Investment Fund has become the main shareholder of honda, mitsubishi, and more than 100 other companies. What do we think here . The fund is huge, to say the least. They own 5. 8 of japans stock market. They are haule a top 10 shareholder in 99 of japans biggest companies. Take a look at this chart. Out of the 500 companies on the top, they are the top owner of 121 firms there. The number two owner of 141 firms. What does this mean for individual companies . The fund has billions of dollars and more thanes double their holdings and investments in japanese stocks. Lets move to turkeys central bank, just moving to add more stimulus to the economy. This is following the failed coup. It cut the overnight lending rate for a sixmonth, trimming it to 8. 5 , matching the estimates of economists surveyed by bloomberg. Take us through the market reaction. We did see the turkish lira rise because this was expected . It was up a blip higher, there was relief that the bank did not move with a higher than expected rate cut. Any sign of what will come next . Do investors think the central bank will cut again next month . Many Analysts Expect the central bank to keep cutting rates as long as the Global Environment permits. The turkish lira has rebounded quite strongly after the coup attempt. And there have been inflows back into turkish assets. The turkish bank will be taking advantage of that in cutting rates. Elon musk is vamping up teslas model s and x, telling investors to expect more powerful batteries that can cover up to 315 miles on a single charge. He is also appealing to sports car enthusiast, saying it will accelerate 60 Miles Per Hour from zero in 2. 5 seconds. How significant is this announcement . In terms of technological advancement, what elon musk talked about is marginal that , but there is some significant marketing news. He can say he has the first car that can go over 300 miles on a single charge and he can brag that the model s will be the fastest car in the world that you can buy at retail. South africas finance minister says he wont obey a police order to present himself for questioning. He was summoned with connection to allegations of authorization of a special investigative unit. That is when he headed the national tax agency. He has denied any wrongdoing. The rand lost ground after the announcement. What should we take of the squaring off of the finance minister versus the government . The finance minister has made it very clear he wants to carry on with his job, to focus on the mandate of steering the economy through difficult times. What we do know is that yesterday he was expected to make a decision and that is what he did. He made a announcement saying that growth would not reach levels that the government had anticipated earlier this year. What we know is that the two other officials implicated have presented themselves to the police as requested this morning. As to whether the finance minister will be called and again, we are watching this very closely to see how it develops today. Mark mobius, tell us spoke spoke to Bloomberg Television earlier on when he says that intervention eventually could happen. Theyre going to be much more circumspect and they probably will wait until the yen reaches 90 before taking action. Jonathan the last time the yen reached 90 was back in 2012. I dont think this is a decision the boj can take lightly. For that matter, i dont think it will happen in september. I think what will happen in september is the bank of japan will want to fight the idea that it is out of ammunition. So i would expect them to talk about easing or possibly deliver something, especially if the dollaryen is below 100. For helicopter money, the boj they would need to be in panic mode. We need the dollaryen to be well below 100. Jonathan mylan stock up this morning trading after the company said it would take immediate action to cut the cost of the epipen after facing pressure from politicians. That is including president ial candidate hillary clinton. The volume got turned up and the company act down. How embarrassing is this . It doesnt look good. They had a rough time. They are one of many drugmakers recently who have come under fire for raising drug prices so high that people cant afford them. So they have reacted fairly quickly compared to others and have offered assistance with trying to afford the high prices for the epipen. Investors are saying that they were a little bit afraid that mylan might take a hit as far as the profitability and that prices would have to come down so mylan wont be getting as much revenue but ultimately, no one that i talked to thought they would be irreparably harmed from this. Bloomberg news has learned losecooper is set to 1. 2 billion in the first half of the year after turning a profit in the u. S. During the first quarter. What is leading the losses . We are in uncharted territory. Even if you look back to the biggest excess of the bubble, amazon lost 1 billion. Uber looks like it will surpass that this year. The main big story is china. Uber has been spending largely on subsidies. Mainly overseas. The good news for uber is that they made a big deal with their largest competitor that will allow them to exit the market. They are telling us or people familiar with their finances are telling us that in the second half of the year we will not losses. Nonetheless, uber commands an extraordinarily high valuation. How does the market justify these continued high valuations when the company is bleeding cash . The market share. Uber has 85 of the u. S. Market and people think this is a big industry. Uber be losing amounts of money may but it is growing fast. Huge growth and huge expenses. Matt you are watching bloomberg best. Lets turn now into the latest installment of the small to big series. Not every company follows a Straight Line to success. There can be some serious setbacks like a Global Financial crisis. Factory 360 has had quite a ride since it opened doors in 2007. The ceo tells the tale. Factory 360 is an experimental marketing agency. Taste, touch, feel and be educated on the process, that is where we come in. Either working for a number of years in Corporate America in marketing. I had the entrepreneurial itch to go out on my own. In the fall of 2007 i got a lump sum bonus and thought, now or never. The first year was great. People taking meetings with us. We had some small projects. And then in september of 2008, it happened. Lehman brothers the whole , collapse. It was like building a boat in the eye of a hurricane. We were forced to really be creative with less and make it into more. By 2010 we could see that something was shifting and things were starting to loosen up a little bit. We could see the light at the end of the tunnel. We found a niche. We worked with paypal and ebay and lyft. Silicon valley lived online and operated online. They pressed that button and people came to them. There are no longer growing online and they are having to go offline to grow online. We have had to really compete with so many other industries for great talent. For us to keep running our business we are constantly recruiting. We have ads on so many different verticals all the time and we never stop the interview process. We want to meet who is out there and we want them to meet us. That is part of our secret. We went from two employees to 45 employees. We opened an office in San Francisco in 2014. We have gone from 200,000 to over 10 million. We would like to double our revenue in the next five years and we would like to open more offices in the United States and broaden the international footprint. The sky is the limit because this industry continues to grow and we see a lot of upside so we are excited about the future. Very bullish. Matt still to come, howard marks on the challenges of investing in a low return world. Plus, conversations from jackson hole with the latest on what fed leaders are thinking. Straight ahead, highlights from the weeks earnings reports including a pleasant surprise from best buy. This is bloomberg. Matt welcome back to bloomberg best. We are getting some surprises. A pair of Home Builders beating expectations. Results ran counter to conventional wisdom after the brexit vote. The u. K. Housebuilder pretax profits coming in at 352 million pounds. An increase of 29 . Try and contrast what you saw in the first half and what youre are seeing now in the Housing Market . It is very interesting. We started the year off strongly and then there was a slight slowing down towards the brexit vote. Since then, trading has been robust. Numbers are up 20 on site in the last seven weeks and actually, trading is very good at the moment. When we see the gloomy statistics for the month of july that say, we saw the biggest job drop in transactions into allies since the 2008 financial crisis, is that a path of the country that is far removed from your business . Certainly not reflective of what were seeing. As i say, we are specifically firsttime buyers but nonetheless, we have not seen real change in buyer behavior. People are still keen to buy and lenders are keen to lend. Shares of the biggest u. S. Luxury homebuilder, toll brothers, are up after the Company Reported a 50 increase in thirdquarter earnings, demand remains robust for high end properties. Every region for us was up this quarter. We had 18 order growth, 23 growth in our deposits for the first three weeks in august and it is nationwide. Our luxury business is strong and we are excited. And the environment as well is supportive. Compare and contrast this Housing Market strength we have seen with the booms of the past. We are not in a boom. We are in a strong, solid, improving real estate market. Mortgage money is not easy. Builders are not be as are not building too much spec inventory. Right now, this is a steady, solid market but it doesnt compare to the market of the mid2000s that were overheated. Fundamentals. Lifted by recovery in the nations largest Residential Developers saw a climb amid an ongoing ownership battle. Firsthalf net income up 10 . Revenue up 49 . That is offsetting the negative impact of the shareholder struggle. Nearly a year, the end of last year is when we got the struggle where group of secured kumquat was revealed as being the largest shareholder of the management. The management of vanke was not pleased. Even the chairman said the steak said the stake was unwelcome. And then you have their rival, competing interests, and we dont know who will win out. How this will play out and what the intentions are. Shares of blue scope still are higher after they reported forecast for the first half of 2017, 15 higher than the end of this year. Bluescope reported an underlying profit at 220 2 million dollars, below analyst estimates. Is the seal market out of the ofis the steel market out the woods or are people on tenterhooks . I think there is still too much steel supply in the world. Further restructuring is required. We will make sure our bullet sheet our Balance Sheet is bulletproof. We have taken costs out of our business in a year when we made a profit. That has moved us into the best quartile of competitive steelmakers. We have a future that is somewhat insulated from the global Steel Industry but i think the industry will be facing challenges, Going Forward. Shares fell and falling 96 , is there light at the end of the tunnel . No light at the tunnel yet. A gloomy outlook into 2017 giving the oversupply and slower demand for oil. So even though brent crude has reached 47 a barrel in the second quarter, petronas is sticking. Best buy is up 19 today, the largest u. S. Electronics retailer reported a boost after years of sluggish growth. Well over what was expected. What happened here . Once again they beat the expectations game. Their projections for this quarter they had a small gain and they raised their profit outlook for the year. Best buy basically said, the overall Electronics Market in the u. S. Is weak and a lot of categories are down but we keep gaining market share and thus we are able to grow sales. Are we seeing a beginning of a turnaround . For a long time, the story at best buy would be a good quarter than a bad quarter. The relationship with samsung and apple are really paying off. Yes, you are starting to see what the ceos said as the emerging growth story come to fruition. Qantas shares are higher after the airline announced a record fullyear profit and the first dividend in seven years, the turnaround continues. Very much so. After three years, he has been pushing the Transformation Strategy and it seems to have worked wonders. We have a record profit today. 1. 53 billion. That Transformation Strategy, getting rid of old airplanes, a wage freeze, 5000 jobs cut, added up to savings. It was just a few years ago that qantas was announcing a billion dollar plus right down and there was a question about whether the ceo would keep his job. Im very excited about the future for the qantas group the cut there is so much opportunity in the pipeline. The delivery of the 787s, the work internationally, the continued expansion of jets in asia. Vietnam,h in japan and australia, and the loyalty program. I have always said, if im enjoying it and shareholders want me to continue, i will keep the job and nothing has changed on that. Shares of hb inc. Are lower, down 5. 5 . This company formally known as hewlettpackard printers. They Beat Estimates that sales of personal systems missed analyst expectations. How bad was it . I thought the quantity of the numbers were mixed. There were a lot of onetime items and a lot of costcutting. There was a lot of inventory reshuffling. I thought execution is Getting Better and they are focusing on the right things. But q3 was ok and q4 guidance was weak. I think it is the right focus but there is a lot of messiness nearterm as that shuffles. Matt you are watching bloomberg best. Three current concerns that keep investors up at night. Shrinking bond yields, negative Interest Rates and the future of finance after the brexit. We had fascinating conversations are of these topics. Lets begin with howard marks to discuss low rates and high risk with our erik schatzker. It is very challenging today. We are in a low return world. The three most important words to remember. How do you go about doing your business in a low return world . You can settle for a low return with characteristic safety. Or you can pursue a high return. How do you get a high return in a low return world . You have to take a significant risk. Mark are you comfortable taking that risk . I am a professional. Dont try this at home. I have been doing this for 38 years. We know how to do it and what we have done in the last five years is operate under a mantra move forward but with caution. Oaktree is a cautious investor and that means more caution than usual. We have amped up our caution and selectivity and skepticism. All of the things that we said were in short supply, we have increased. Erik oaktree is willing to sacrifice this shortterm return . Yes. We have a safer than the average portfolio. Which means that if everything goes normally, we will make a lower return than the average. But that is the price you pay for having a safer than average portfolio, which we think is important at this time because when we say we cant predict but we can prepare one way to prepare for the future today is by increasing the representation of caution in your portfolio. Erik if you look at the credit market now, is there anything that is either attract his on an absolute basis or a relative basis . High yield is attractive on a relative basis. If you buy highyield bonds today i am highly confident that , over a multiyear time you will outperform. That is attractive. In relative terms. There is nothing which is absolutely cheap. There are no bargains in absolute terms. There is nothing that is being given away for less than its value. You have unique insights because you are a banker and an economist. Are you uneasy with negative rates . Mark carney promised we wouldnt go into negative territory but he might have to. You will search a long way to find a banker who is enthusiastic about negative rates. But as an economist . Well, i dont like the idea and im afraid, going back to our conversation five minutes ago, i am personally in favor of trying to lift over time the level of inflation that we target. Because my concern is that negative Interest Rates set up perverse incentives in society. People hold excess cash which is not a good thing and it also means that the central bank is not really in control. Once you reach the lower band, you dont know how the economy will respond. You are pushing on a piece of string. So i think that what we need to learn from this is that we probably got used to trying to target an inflation rate that is so low that for a large amount of the cycle you may find yourself at the lower band and therefore out of control. And that is what i dont like. Is there any possibility that the u. K. Retains access to the Single Market whilst curving immigration . I dont think so. Because we have made it clear, the four most important points. Free movement of goods, workers, right of establishment and freedom to provide services and Free Movement of capital but you can have that only if you are a member of the club. Unfortunately, the u. K. Has voted for brexit. I will give you an example which will be a big change, and i really think this is going to be something which is nonnegotiable the banking passport. A bank which is willing to operate in europe has to stay in the eu and cannot stay in england. That means some of the banks like american banks, have to move headquarters from london to frankfurt or dublin. A country of the eu. Do you think these banks will move to frankfurt or berlin in said of dublin . Dublin has a massive advantage of the language. We are happy to receive them in frankfurt or berlin. On the other hand, this is very bad for the u. K. , that is obvious. We dont need to discuss it. It is unfortunate if the banks are leaving the london market, the bank market in london is going to suffer. Now lets head to this weeks gathering of economic and Monetary Policy leaders in jackson hole, wyoming. Earlier we heard what janet yellen had to say in her speech. Bloomberg sat down with other Federal Reserve officials to discuss Economic Conditions and policy prospects. When i look at where we are with the job market and inflation and our forecast for that, i think it is time to move. Where it will look by the september meeting, we will have to wait and see. You are looking at inflation in the job market, are you a Firm Believer in the phillips curve . That it will bring us faster inflation . I think we are beginning to see signs of that. We are seeing inflation strengthen. It is beginning to show some movement so yes, i think we should expect that. Again, i dont think we will need to have high Interest Rates. I think we need to cool off the economy but i do think it would be appropriate to begin the process of continuing the normalization. You say normalization what is a normal Interest Rate in this post crisis environment . There are a lot of questions about that today. What is normal . There is scope to say and you see this in the. Plot forecast the terminal has been coming down. Regardless of where you would peg that today, there is scope to begin to review. We are at negative real rates today and whether we go back to something that looked normal precrisis or something less, i think we will judge as we move along. In june, you flatlined the forecast. But we have had some interesting numbers since then. Two pretty good jobs numbers. After the week may number. The gdp tracking that the atlanta fed does, looking for a growth of 3. 5 on gdp. If you were going to make your projections right now, would you change is it possible the regime change you have been waiting for is going to start to unfold. No. I do not think so. The regime we talked about is the low productivity growth and Labor Productivity has only been about. 5 over the last several years. We dont see that changing near term. Another part of the regime is low, real rates return. Government paper. We dont see that changing anytime soon. So those are the fundamentals. And then we say, ok. Lets make policy on those facts and that is what brings us to the 63 basis point projection. However, we are seeing more strength in the economy. Is it possible that as the trend continues, the Growth Numbers pick up and you will be in the camp saying, well, we better debate that seriously in september . I havent seen anything in the data that suggests that this regime and those two factors are really changing in a fundamental way. Do think wall street is putting too much pressure on the open market . Well, as someone who spent 30 years in the market, sometimes it pays to take a step back. What i have been saying and what others are saying is that probably the anticipated path of rates Going Forward will be much flatter. We have a number of persistent headwinds. So even though in the near term there is a case for removing an amount of accommodations. In the context, there is a flatter rate of rate increases. And i think the pass of rates is just as important or more important than the exact timing of when the next move is. Do you think there are in the context, there is a distortions in the market from Monetary Policy . I think there is a cost to having rates this low for this long. The cost is it hurts savers. There is no question, if you have money in savings, you cant earn on it. Secondly, it causes people to take more risk. Institutions to take more risk. It can create imbalances. In a time of uncertainty, and that is something that so many people are talking about, why move now . Is there a rush to move . You have said recently you could see one or even two rate hikes . I could see it possibly when i look at the calendar. We have three more meetings so that is possible. And what i have said recently is that i can imagine certain circumstances where if we continue to see things as they have been, at least one this year. None of that is locked in in my thinking. We just have to see how the economy seems to be performing. I dont think the committee is a risking a lot by being cautious and gradual. I dont think we are behind the curve in terms of inflation or risking and instability event. I think the byword that the public should understand is cautious and gradual and there is no gun to our heads. Curve in terms of inflation or matt we will going to the bloomberg terminal here and look at the rich function. This is the bloomberg billionaires. See william gates, 90 million dollars. What we have done here to create a portfolio, looking at companies that derive revenue from china. At least 40 of their revenue. That is the white line and they have outperformed the bloomberg world index. Matt there are 30,000 functions on the bloomberg and we always enjoy showing you our favorite. Maybe they will become your favorites as well. Here is another function you will find useful. Quic, it will take you to quick takes where you can find fast insight into timely topics. Here is a quick take from this week. Corporate china has been on an unprecedented shopping spree. It took them barely four months of 2016 to break the record for overseas deals set last year. Chinese companies now on things such as a soccer team and the waldorfastoria hotel. It now includes the pesticide. Globally, u. K. Lawmakers have expressed concern over chinese acquisitions. Giant, they blocked the sale to a group and rejected bids from china for an electricity network. Heres the background. Chinese emperors consider only after they began opening up the borders. More recently, the government has encouraged the push to the Economic Growth and businesses have incentive to spend cash sooner rather than later. The weakening yen. China should loosen restrictions and give Foreign Companies the same freedoms that firms in joy. And that has one huge advantage. But some argue that chinese investments should be embraced. It has saved Many American firms from bankruptcy. Chinese purchases are nothing unusual. The u. S. Closed twice as many in 2015. Deals music doubt matt that was just one of the many quick takes you can find on the bloomberg. You can also find them on bloomberg. Com along with Business News and analysis 24 hours a day. That is all. Thank you for watching. I am matt miller. This is bloomberg. Hohey s woiit ghong, estcak . Hoestcak. Th lais p hceotas hkeca hyso wn arett ey llsekeg lica hotkes . Cwithstomcain business tean fid wi, pro cthey bould e. Ju ddst aus a czetomid ey age yltowiour rofi pas splgeh pa an ud yo ll yeastr cusomerer wheie thesr ey a aredylrea ju ddst aus a czetomid ey age on dheiresevic pas splgeh pa. Or upder. ithare tstn jui, wif c itelan howp grr younebusiss. U ydone t se ethat dveryay odintrg ucin pwifiwiro, fi hthatelyorow usur bs. Ines ascomct. Ness t builbufor sssine from our studios in new york charlie o. J. Simpson is one of the most captivating and controversial figures of the Football Player for the university of southern california, and then in the nfl he transcended his athletic career to become a beloved figure in popular culture. In 1994, he was charged with the murders of his exwife Nicole Brown Simpson and ronald l goldman. The subsequent trial transfixed the nation. O. J. made in america, is a new documentary that chronicles simpsons rise and fall