2018. Putin spoke on a Panel Moderated by the Senior Executive editor john i am saying we dont know it yet, and the question is asked we decide tonce extend or not to extend, that is when we will decide on the timeframe. Mark president putin says he will wait until the end of the before makingment a decision. A quartet tropical depression that could ground where came will hit the gulf coast late sunday. Dealing another blow to searchers growers. The system is expected to hit hurricane strength. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Paired thisumpton is bloomberg. I am Mark Crumpton. This is bloomberg. Julia we are 30 minutes on the close of trading here in the u. S. Littlening changed. Joe the question is, what did you miss . President and First Lady Melania Trump are visiting and they are set to make marks and him remarks in a moment now. President trump off his advisers have given a short list. Drums, on whipping away the debt is leaving strength scrambling. Preparing for new faces a new policy. You need someone who has the flux ability of mind to take a different route edited at a particular moment in time over the next year or two. Someone who has the capacity to lead a large and complex committee, to agree. Whoever comes in will spent time and trying to figure out what they see that might be different from what they believe. We will not see a major change in Monetary Policy in the short term. Not a traditionally trained economist but he happens to be the most money guy today. That is why i think he might win. Solaris, his30 for radical change realistic . Fetch your yellen spoke about community banking. Lets bring in carl. Fetch your yellen spoke about community you havent used thn a while. Great to have you. Is it really a final list . We heard from president that the decision will come in the next two or three weeks. We heard from president that the decision will come in the they have narrowed it down and notable names are dropping off that list. Hover dropped off the list. I think john taylor of stanford has been deemed too hawkish for the president s agenda. That name seems to have slipped off as well. Jeffrey added another name to the list. I had not heard that one before. What are the other dark courses that might be out there . Who knows with dark horse candidate. By definition were not looking at them. In terms of the dark force he has credentials managing the tarp program during a financial crisis. He has experience at fed. An outsider quality President Trump would be looking for. He is certainly a low rates guy, which the president also, that is a key point on his litmus test. One holdout is he has been relentless in his too big to fail campaign. That may be one disqualifier for him. What yous interesting said about trump being low rates. A lot of republicans over the last several years, conservatives have slammed low rates what you said about trump being low rates. Trump departing with many republicans, traditional republican he is not he is a Real Estate Developer and they have a conventional view of that interesticy rates are the throttle of the economy. Trump is no different in that regard. Not looking to be creative on the policy front. Rather just accommodative. Quincy also said on the campaign trail in 2015 that a weak dollar was good fran because of International Property getting translated second two dollars. Reasons for him. Terms of the big likely names, who would be the most disruptive to the status quo and force on holders fed policy watchers to reassess the outlook . Depending, he would be a big of a bit of a destructor on the too big to fail issue. A former governor and also quality to him as well, critical whatnot,d forecast and he would be a destructor as well. We are talking about conventional republicans and trump republicans, he would be more an ideal pick for trump republicans. That is not the direction we are heading the two front runners opposition from both the left and the right. It is not as if he would be a slamdunk. Slamdunk. And republican credentials. It janet yellen is modifying postcrisis financial regulation, too strict, then is the substitute. Count yellennot out . I always ask these questions. I think trump once a supplysider who is willing to a creative suspension of disbelief in terms of tax cuts and whatnot. Either get that from a stereotype supplysider, or a dyed in the wool economist. Candidatesupplysider , a low Interest Rate fed chair because she is an economist willing to consider that maybe full employment is meaningfully. Ower relative to past cycles maybe they could do something about labor force purchase a patient. Are the next years guided more by that persons view of Monetary Policy or the ownership . Hat carries over i do not know that there will be that much ownership. You have regional president rotating in and out. Fedould be a very different relative to what we have all come to know and love in the last eight to 10 years. Rethink trumpcare is what everyone else thinks . I dont think so. I think he will listen to some degree. I do not think he wants the fed chair to be a total tractor. He wants them to be complacent to his policy. They have to promise to not stand in the way of his tax agenda. He makes everything some everything about jobs. Classic cannot have the fed slamming on the brakes. This is a question ive always wondered. What if he does not fill as vacant seats . He can operate as a bare bones committee. I do not think that is the priority for him right now. When we get a chair picked, the debate will go to who is the vice chair . Not the samer is philosophy or ilk as the chair and this is thing up for the fed. Maybe the vice chair setting up the recipe for drama. An understatement. Thank you very much. Coming up, john spoke with david westin about his attempt to take on netflix and amazon. This is bloomberg. \ scarlet we are awaiting President Donald Trump to make remarks in las vegas in the wake of the deadliest mass shooting in u. S. History. The president has been meeting with families of victims and law. F Law Enforcement he was speaking earlier at the University Medical center and discussed the situation with roast responders. Conference,ns the we will bring it life. Timeframe look at some of the biggest business stories in the news now. Elizabeth warren grilled Richard Smith on capitol hill today. Smith testified before the Senate Banking committee. The breach stole the personal dater personal data of millions of americans compromised. They may actually benefit from the breach. From the second that equifax announced this massive data breach, equifax has been making money off of consumers who purchased credit monitoring through this. Unless Congress Gets really serious about holding major institutions accountable, warren says nothing will change. Discussions according to two people with knowledge of the matter saying the potential would boosts focus on retail investors. The Worlds Largest asset manager will be investing in technology in part to diversify revenue. Capital preferences gather data investors needs. Texaco is betting bigger on ecommerce. More Companies Make adjustments following amazons deal with whole foods. A movement with 200 employees to boost growth salesould push ecommerce to 1 billion. It raised its forecast for the year. Bloomberg business flash. In this case, stocks. Abigail doolittle has more on what is going on. A remarkable job. Its worst day since may. A lot of volatility for the over the repeal and replace efforts spirit today is an even bigger drop that appears to be caused by a comment affecting Community Health a lot of hospital stocks. Saying that they are affected by Congress Failing to meet the deadline, which is likely to eat into Free Cash Flow in the fourth quarter. It comes out of medicaid. We have a graphic that really medicaide exposure to , 18. 3 most well above 25 percent life. 16 . Getting hit a most on this. Joe this is not cut much attention because everyone knows they were sensitive to possible obamacare of repeal. The Childrens HealthInsurance Program at the and of september, not a lot of talk but as your shirt as your chart shows, they are sensitive to that. It is worth knowing that Senate Finance committee has planned for past or cleared away but to your point about volatility, we take. Look this chart this is g btv 4874. The index is up slightly on the year but look at all of the bumps mainly to do with her appealing and replacing obamacare. Fromreceived 812 obamacare. Today, the biggest drop since on the possibility he thinksh care on the possibility of the chip program. That is a devastating thing for the 9 million children affected. It is not at this point reauthorized. Vote. Tax reform to get done. He has said that before. Not come to fruition. Has anything changed. These were whipped around like crazy. Joe it does not seem like the politics of health care in the in the will change anytime soon. He has been visiting First Responders, talking to victims of the mass shooting, the biggest in u. S. History. Lets bring in our chief washington correspondent. Us any further details . We have been discussing it over the past few hours. So many Unanswered Questions here. There are. The president having been whated because he added was previously an undisclosed visit to the hospital in las vegas to meet with victims and families as well as First Responders from las vegas. The talkapitol hill, has turned to gun reform. In particular, you are starting to see some republicans, emphasis on some, to begin to talk about whether or not there is anything that could be done to prevent a horrific tragedy and the deadliest mass shooting in modern American History from las vegas earlier this week. A lot of the investigation is still very much ongoing but a firing asutiny over it is known and particularly devices that are used to make guns essentially turned into automatic weapons or have the capability to fire as such. A lot of questions surrounding how stephen was able to obtain these guns and of course what drew him to do so. I spoke with elizabeth warren, democrat from massachusetts, earlier today in a hallway and she again renewed and reiterated cause and concern about the Nations Capital loss. She along with other democrats we spoke with this week, have raised concern about how nothing had gotten done after sandy hook and nothing had gone done after orlando p are Republicancontrolled Congress and a president who has spoken rhetoric more in line with the National Rifle association on the campaign trail, a lot of folks are unsure if anything could get done now. That said when you look at what the president has said in the last several days, there could be a situation where potentially something gets done. Senate majority little Mitch Mcconnell a leader Mitch Mcconnell said it is too early that. That. It is beginning to get underway, those comments in las vegas. Joe kevin, on the narrow question of whether to change the law regarding these stock devices, i guess thank you. We will not go there yet. I want to ask you about the situation with his devices. To you think there is an opening among republicans to change the law on these narrow devices that . The Second Amendment issue has become very polarizing in the United States. When you look at. There is virtually universal support trending above 90 for there is something of and forth of laws on the but sometime of enforcement of laws on the book and looking at Mental Health requirement for those. That said, on the issue of essentiallyces that turned weapons into automatic weapons, that is the potential Common Ground award here at following the horrific tragedy a centristok, democrat from West Virginia and senator pat toomey, a conservative republican from pennsylvania, came forth with a bipartisan proposal that ultimately failed. You as issue, i can tell republican from self decoder earlier this week following the horrific tragedy in las vegas has said the issue of these devices is something he believes lawmakers might be able to take a look at. But again, you are also already hearing from republican leadership, most notably to look at gun control. But again, you are also already has been such a partisan issue in many cases with passions running high. Republicans frequently argue this is an act of pure evil, a madman. A lot of contentious debate happening. The question is how do you legislate for that . It is something republicans have not been able to answer or at this point not willing to. You mentioned two republicans who are perhaps taking steps toward addressing gun laws. Who in the white house would be engaged in this . What have you heard in terms of a voice that might help to guide the president in that direction if the white house wants to move that way . A great question. First and foremost, the white house public a has been saying it is too premature at this time to talk about any specific policy point. We heard that just the other day from the White House Press secretary, Sarah Huckabee sanders p are second point is just taking a look and examining President Trumps position on gun control and the Second Amendment over the past decade and before that when he was a private citizen. If you look back at what private citizen donald trump the businessman has published in some of his bestselling books and publications, in the early 2000s, he authored a much more centrist position on the Second Amendment. It was actually used against him during the Republican Party primary. Aser conservatives such senator ted cruz actually criticized him for that position. On the campaign trail, he adopted rhetoric that was much more in line with Second Amendment activists and the nra. We see the president taking to the podium there. They have shown the world that incredible caret courage and resolve. That is a special place. At honored to be here today the police department. Thank you to our police, our firefighters, and of course, to sheriff lombardo. An incredible job we have done. Hello, mayor goodman. [laughter] trump senator heller, majority leader where is kevin . Kevin mccarthy. All of the great congressman we have with us today from both parties, we are honored you could be with us. On behalf of the grateful nation milani and i thank each and everyone of you in Law Enforcement. In the depths of horror, we will always find hope in the men and women who risk their lives for hours. The mass murder that took place sunday night fills americas heart with grief. America is truly a nation in mourning. House the hospital earlier today were many victims are still recovering from their wounds. We ask god to ease their suffering. Andto speed their healing we pray for the recovery of the injured and those injured officers who bravely threw themselves into danger when duty called. We grieve the loss of the Law Enforcement personnel who were killed in this vicious attack. Goingamilies tonight are to bed in a world suddenly empty. Lovedople they so dearly were torn away from them forever. Our souls are stricken with grief for every american who lost a husband or a wife, a mother or a father, a son or a daughter. We know your sorrow feels endless. We stand together to help you carry your pain. You are not alone. Side. L never leave your here at the police department, we remember one of our own who died this week. A very special person. Officer was a proud veteran, a lovingsband father. His death is a tragic loss for the great nation. , a loving father. His deathwe struggle to explainr children how such evil can exist , how there could be such cruelty and suffering. By the evil defined that threatens us or the violence that incites such terror. Are defined by our love, caring, and courage. Whate darkest moments, shines most brightly is the goodness that thrives in the hearts of our people. That goodness is our lighthouse and our solace is knowledge. The souls of those who pass are now at peace in heaven. Here on earth, we are blessed to be surrounded by heroes. As one eyewitness recounted this week, while everyone else was Police Officers were standing up as targets just trying to direct people and tell them where to go. The officers were standing up in the line of fire to help those in danger and find out where the horrible shots were coming from. Words cannot describe the bravery that the whole world witnessed on sunday night. Death anddefied hatred with love and courage. When the worst of humanity , thees, and strike it did best of humanity response. Responds. Loved ones. Americans into a hail of bullets to rescue total strangers. Joining us today are many of the heroes who are here during that horrible moment, that horrible night. Including las vegas metropolitan Police Officers, tyler peterson. Stalker. Ian arun officer peterson was on his second day on the job when the shooting began. I was in the hospital. He joined a gr