ramy: and disney's bob iger heads the list of the week's top interviews. >> you have to consider a studio that grew over 60% for the quarter. that's quite a performance. ramy: it is all straight ahead on "bloomberg best." ♪ ramy: hello, i'm ramy inocencio, and this is "bloomberg best." it is your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at top headlines. on monday, republican presidential nominee donald trump unveiled his economic plan in a speech to the detroit economic club. he promised to slash taxes and limit regulations. remove theme to anchor dragging us down. and that is what it is doing, it is dragging us down. [applause] upon taking office, i will issue a temporary moratorium on new agency regulations. >> on top of halting financial regulation, trump would lower the top individual tax rate to 33% and cut corporate taxes from 35% to 15%. give us a brief overview of the plan. did we get enough details? >> a few new things in a speech, it added some meat on the bones to trumps previous proposal. we saw he changed his top proposed tax rate from a previous proposal of 25% to 33% . that brings him in line with house speaker paul ryan. we saw him pose a moratorium on financial regulations. this is something that the financial industry will really like. it ultimately amounts -- a big olive branch to republican elites, elected officials, and donors. >> is it implementable? >> can he get tax cuts through and d regulations like dodd-frank through a republican congress? yes, he can. >> we have disney's results earnings topping analysts estimates by a penny. as for the revenue line -- $14.3 billion top the consensus as well. media networks revenue misses. it is the biggest part of the company. that's when it comes to revenue. parks and resorts, $4.3 billion, also missing consensus. in addition, disney says it has the option to buy a majority ownership in van tech. it will be buying a minority stake in the company. >> what you think first off as far as the results are concerned? >> the topline numbers are pretty solid. they are right in line with what the street was expresse expecti. i think on the earnings -- investors will want to talk about the media networks, specifically espn. investors want to hear about how are the subscriber numbers at espn and how is that impacting your affiliate growth rate in terms of fees and advertising. announcing they are buying a minority stake. does that help blunt concerns about cord cutting? >> disney is not afraid to make investments in the digital side of the business. if you are a big media company like disney, you walk this fine line of trying to protect your core business, your core bundle of cable networks, that has been so profitable, while making investments in the digital side of business where consumers are spending more time. that is where the advertising dollars are going. if you are a traditional media company like walt disney, you have to continue to play both sides of the fence. disney has generally done well over the years. this investment is another example of that. >> the focus on the united kingdom, we don't usually get to say it. and uncovered bank of england operation -- plain english, not enough salad for the bank of england -- sellers for the bank of england to get to that $1 million target. what is the easiest way to get a rally in the market? tell the market that you are struggling to buy enough bonds. you got what you want. >> that certainly seems to be the case at the moment. they are putting brave face on it. we saw statement from the bank of england saying they are not worried about this. in the second half of the program, we will give you the details of that in november. keep calm and carry-on seems to be the story. we continue to get this very big move in the tens and 30's. that kind of area is where we are seeing the real action at the moment. >> the bank of england saying it will stick with its expanded bond buying plan after failing to find enough government sellers of long-term government securities. it was a much different story today. the bank says it latest purchases were not fully covered and we saw the 10 year yield pare back some of its losses after it hit a record low. was this just a hiccup? or is this going to be a bigger problem for the boe? >> certainly, the results of today's operations indicate that different parts of the yield curve are yielding different amount of success in terms of how easy it is for the bank of england to pick up the yields it needs in order to push the easing through. ms. clinton: i believe every american willing to work hard should be able to find a job that provides dignity, pride, and decent pay that can support a family. so, starting on day one, we will work with both parties to pass the biggest investment in new, good paying jobs since world war ii. >> she talked about a child care plan when the cost would be limited to 10% of family income. she talked about infrastructure spending, connecting homes to broadband by 2020 across the entire 50 states. she talked about student loans, making it easier to repay. and also high-quality union training program. perhaps the most interesting thing was appointing a cheap trade prosecutor she plans to kill the tpp. >> the major things that the do with the speech is try to portray trumps vision as one that will help the upper class. clinton is trying to portray herself as someone who won't is going to make this a much more level playing field across the board. she is going to make mobility possible in america again. >> did she explain enough in detail how she would pay for all the things she plans to do with new intake? >> no, she certainly did not. it is something we have seen both candidates not bring to the table. they have not exactly detailed how they're going to pay for all of these proposals. >> retail sales backing out cars, backing up gas, negative .1%. estimates were an increase of 3/10 of 1%. the overall retail sales is actually flat. >> big debate is if everyone spent money on autos last month and did not have enough money. when you strip out the orders, you strip out the gas. it is the downside surprise and the market moves reflect that. >> this is disappointing what people were expecting. what do you make of it? >> you had it exactly right. the autos number was quite solid, but we already knew that with the incoming data. ex autos is weaker than expected. and a little bit of context, just remember the last several months here were quite strong. sequential improvements are sometime difficult. retail sales is a very noisy signal. we take a stronger signal from your outright auto sales data than we do from retail sales data. it is a disappointment relative to expectations. >> there has been a very high correlation between the retail sales and overall services. it is larger than retail sales if the correlation holds up. it says something broader about the u.s. consumer and how they are spending. >> it does not mean there is no signal in retail sales at all. in terms of durable spending, the housing demand, that really gives you a true picture of where household sentiment is. ramy: we will have more on disney's billion-dollar deal for bamtech, part of a one-on-one interview with ceo bob iger. plus, earnings reports from companies around the globe. up next, more of the week's top stories, including a set of problems for delta airlines. this is bloomberg. ♪ ♪ ramy: this is "bloomberg best." i'm ramy inocencio. the world's biggest brick and mortar retail powerhouse pays a premium price to acquire an online upstart. let's continue our global tour of the weeks top stories. >> walmart has agreed to buy jet.com for $3 billion in cash giving them a stronger online presence. $3 billion, they have only had the site up for 13 months. this is pretty extraordinary. >> it is not making any money, it is burning cash. it is kind of like amazon used to. this is a bit of a desperate move by walmart. a year and a half ago, their market cap was double of amazon. now they have flipped. i think they are at $230 billion and amazon is $360 billion . they are just desperate to catch amazon or to be more competitive in the online space. >> this chart illustrates exactly what you are saying. >> so you are pretty desperate if you are walmart. they do $14 billion annually in online sales. it is not bad. >> is this one of the biggest hires and history? is seen as a bit of a genius in the online space. they are not only buying the technology and the customer relationship and the website, but they want him. they want mark. >> not to valeant's surprise, the drugmaker reported second quarter sales that fell beneath estimates. the company holds firm on its full-year guidance. we have had many positive earnings calls from valeant. is this different? what makes you think they can turn things around in the second half? >> i'm not entirely sure. they have a lot to do. they have to really drive earnings growth and they have to drive earnings growth out of businesses that are declining in the past. they have a really big task ahead. what joe poppa has been sticking to his that there is a seasonality and natural pick up in the second half able to benefit from. that guidance was obviously a big surprise today. >> shares of valiant plunging today. the drugmaker is a target of a criminal probe. investigators are investigating if they defrauded customers by fraudulent to a drugmaker. didn't we hear from valeant saying everything was going to be fine? >> he did give what would've been a positive and upbeat call. what was positive essentially not negative. they basically averted more bad news earlier this week, but there was a little bit of a relief rally. these ongoing investigations, which we always knew where around, but the magnitude of them and the amount they could are coming back to haunt them. >> delta woke up this morning and still had some of the headache it developed yesterday. after canceling 1000 lights yesterday, more than 300 won't take off today because of a computer failure monday morning down in atlanta. what do we know at this point? what does delta know about what caused this? we heard something about a power failure in atlanta. you would think with an airline of this size, they would have backup system after backup system after backup system? >> they do have backup systems. the big question is why those backup systems did not work. delta says they had a power outage in their facility. georgia power says the power was getting to the delta building, but then there was a problem with the switchgear and that prevented power from getting to the delta computers and to the delta operations. what delta has to figure out is why did that happen? why did there that systems not kick in yesterday? >> how much is this going to cost delta in the end? >> we don't know yet. when southwest had a sort of similar outage late july, the y canceled 300 flights and their flights cannot get up to their schedule for several days and they said the cost would be tens of millions of dollars. there are a lot of small costs involved that add up to a lot, but we don't have a figure from delta yet. >> indian bonds rallied after the outgoing governor said the central bank will conduct more open market purchases of debt and interest rates were left unchanged. what does he leave behind as his legacy? time has been an exciting as he is been in office the last three years. three years ago, india was facing an account deficit. in the last three years, you have seen a proactive bank of india that took measures to stem the fall of the rupee and build up the reserves. it put inflation targeting regime. the monetary policy that will be deciding, game changing ideas that the governor pushed for. there were critics of his policymaking. many believe he was more hawkish than expected to hold onto rates. and just rates have come down nearly 100 basis points. the other big challenge is he was way too outspoken for the indian establishment and often spoke on policy that did not go down too well with the powers that be. >> china's factory deflation narrowed for the seventh straight month, showing improving conditioned for the manufacturers. we have not seen figures like this in two years. >> it is interesting on the factory rate side. it could prove to be one of the more interesting developments of the year. one economist said it could be heading toward northern territory. if that happens, it is a significant development and a breakthrough. the deflationary cycle has been one of the real drags on the factory side of things. policymakers have been trying to crack. it is not because they are cutting back on excess capacity or tackling the overhang of supply. it is more about the pickup in commodity price. it is less of a story. more that they are reflecting the commodity side of things. in brazil, the senate has voted to move ahead with the impeachment of the president could she will go on trial that she used improper loans for government banks to pay for social programs. she says she did nothing wrong . the trial is expected to be held at the end of the month. >> what do investors need to see to push valuations higher? >> there aren't going to be any clear signals on the political front. where the action is really going to lie is what exactly the government is going to be able to pass in terms of reforms once the impeachment process is over. we will then test the mettle of the president to see if these measures do get diluted or if they proceed as expected. if they proceed as expected, that more than justifies recent market optimism. if they get diluted, we have to see the extent to which they get diluted to see whether we can recent optimism is justified or not. >> brexit undermining the near-term outlook for the u.k. housing market. that is according to the market survey that saw both demand and sales dropping in july. how much does this have to do with changes that we saw in the tax surrounding by second homes and investment properties and what happened with the brexit? walk me through the two competing forces here. >> it is really important to mention that that tax issue in the first quarter -- the first quarter was particularly strong. it was inevitable things would slowdown. let's not minimize how markets reacted to a big event. whether it is an election or whether it's a referendum, the sorts of high-profile events always lead to a degree of uncertainty. it is been visible in the feedback we have gotten in the commercial survey and in the residential survey. the commercial survey was more noticeable because it was so dominated by investors. ♪ ♪ ramy: you are watching "bloomberg best." i'm ramy inocencio. another week and another parade of earnings reports from companies around the world. let's review some of the most interesting results, starting with the big beat from alibaba. >> alibaba posted quarterly sales and beat estimates. their core business held up despite china's slowing economy. revenue from cloud computing services soared. >> alibaba has remained relatively resilient even as the chinese economy slows. how do explain that? >> we are more than resilient. we just had the fastest growth rate ever in terms of revenue since our ipo. we generated $4.28 billion of revenue. that is 59% year on year growth. if you look at our core commerce business, where we are facing consumers, we generated $2.5 billion of operating income. and that, in itself, is at 30% 38% year on year growth. so, from our perspective, the chinese consumer is very, very healthy. you look at the chinese households, that is 4.6 trillion u.s. dollars of net cash savings on the balance sheet of chinese households. this is because over the last few years, they have had real wage increases. they don't have a lot of mortgage debt on the books. and this is all going to provide the foundation for very, very strong growth of consumption. >> prudential has reported first-half profits that beat analyst estimates. this is a share price reaction, up 3.2%. prudential not only saying that they beat estimates, but for 2017on good track financials. 2017 be?cult will >> i think the results -- they are obviously pleased with them. earnings up, cash up, performance outstanding, 50% increase in their profitability. these are on u.k. currency basis. you look at the local currencies and it is even more dramatic. we have been de-risking the portfolio moving away for about a decade. you have about 16% of the group's earnings that are spread-based, so the book of the earnings aren't affected by rates directly. there are some accounting noise without question, but as far as pure economic value, we are pretty well-positioned. >> the bank has announced the fall and cash profit in its update for the trading quarter. it is kicking off the earnings seasons for all the australian lenders on a bad note. what is the reason for this weak result? said thenk itself revenue environment for banking is more constrained and interest rates, very low at the moment. it also notes that its net interest margins are stable. the word on the results from the third quarter, 3% decline in cash profits to $5.3 billion. this is a trading update not the four-year result. the capital one ratio is nine point 1%, but really this result is down on the higher expenses of bad debt. >> lending club shares plunging. it is on the news that the company has lost more than $81 million in the second quarter. the company also said cfo has resigned. lending club is re-grouping after a surprise leadership change back in may. are the hits going to keep coming? >> from the tone of the conference call it suggests that they tried to figure out all the problems. they've opened up and gone back to a lot of their customers and saying here is where we are doing due diligence. that he left, but the reasons that he left it it is a fact they were selling loans and not telling all of the truth about the actual underlying loans of these deals. that was a great concern of the company and that is what caused their covering to seize up back in may. they did show growth, but that is down from 87%. this thing went from being a rocket ship to a skateboard. it is not very impressive from where they are right now. the question is where are they going to go forward? >> legal and general first-half profits fell short of analysts's estimates. lng results underscored concerns about britain's brexit vote could shrink the value of the insurance industry, $2.6 trillion worth of investments. >> there's lots of different things going on in the world that people are finding difficult to interpret. on any given day, it could be interpreted positively or negatively for us. i don't think it's true. because there's a lot of noise around at the moment, we seem excessively respond to any type of noise. we are such a bellwether of the economy. we are looking at billions of pounds of money, which is 100 billion higher than a year ago. just a staggering amount of extra money. you would not think so from the results, but as a consequence of that, anything that moves, whether it is property or bond or equity has an impact on the , business. >> checking the mineral stock in sydney. it is up two thirds of 1%. it is saying that it is seeing strong cash, but gold output expected to rise. if you see strong growth this year, gold prices remaining strong. is the commodity slump now over with? >> i'm not too focused on what the commodity slump is looking like. the long-term fundamentals for copper is down. our team focuses on is what they can control which is inside the business. getting your operating cost as low down as you possibly can. we are well within the bottom quartile of the operating cost curve. int allows you to do well the low price environment and do exceptionally well and do exceptionally well in high price environments, which i think we are doing. >> solar city shares are down of after the company reported earnings that showed less of a loss than estimated, but also show growth was slowing. chairman elon musk said people should focus on the long-term, not on the short-term. as i said, they beat estimates in terms of not losing as much money. slowing down growth, isn't that alarming? >> the numbers of solar panels installed -- that amount of wattage generated down 15% year-over-year. this, down 15% year over year and that is problematic for the company. you want to install more and not less. throughout the phone call, there were concerns about how the business is run and they talk about exciting projects in the future. the scene right now for soliciting is not good. david: there is also an issue at cash and they are running ut it appears. corey: they burned to over $200 million of cash this quarter and the company says they are cash positive, not pre-cash positive, but cash flow positive and that is burning through. a $212 million boss, worse than the last quarter, nearly as bad as a fourth quarterly burn from 92 million in cash, so it is a concern that the company, not least of which because they have less than $40 million in cash left on the balance sheet. >> macy's has taken an ax to some stores. the big headline, closing about 100 four lined stores. that will result in a $249 million charge. the other big headline is looking at options for four large downtown flagship tores. what can we expect over the next half of the year in terms of struggling retailers and changing that business model? >> definitely pulling back. you are seeing retail brands pullback from the department stores and department stores will have to respond. they will have to continue to close and continue to get inventory in control. the thing that was interesting to me is that may be the will announce something bigger with their real estate. david: you will be closing 100 full-line stores. how did you come up with that number? how long will it take to get them off your books? >> we took a map of the united states and list of populations and growth. he looked at the shopping mall density, recognized that there are 7.3 square feet per human being in america of retail space versus the u.k. of 1.3 and france at 1.3 and other ountries that one: three, 1:7, the reality is is that the united states is over stored and that is just a pure fact. we are getting in front of what we know as a trend that has een occurring. >> coming up on "bloomberg best" disney made a big investment in streaming media this week. ceo bob iger tells us what it means for the company. plus, in-depth discussion of the economic plans proposed by donald trump hillary clinton. this is bloomberg. ramy: this is "bloomberg best." walt disney has made huge investments, opening their hanghai disney theme park in june, then buying a $1 billion stake. bob iger spoke with david westin about how he expects the bets to pay off. david: it strikes me that this is the first time you have made a major investment in bamtech distribution. is this not enough to have contact in this world but also distribution? bob: i think would be safe to assume this is our large investment in what you would call distribution. we look at it as an investment in technology. we have said for more than one decade that are strategic part is using technology to make the product by there and make the content butter and use it for production and quality reasons. also use technology to distribute it in more modern ways, more ubiquitously and more efficient ways, ways the consumer, possibly even enjoys more and gravitating toward, and that is what this is. it is safe to assume it is a distribution play. we view it more as a technology play. -- vital tale to the to the position of this company. as far as the quarter goes, you have to consider the studio that grew 60% over the quarter, over the, and has delivered $2.3 billion in income, which is record for the company and maybe the highest any to do has earned in the year and we have one quarter to go, so quite the performance. the parks and resorts had a fantastic corridor, as well, -- quarter as well, which given the start up of shanghai is no easy task. david: early on, are you on track and what are your plans for shanghai at this point? bob: shanghai is one of the most important steps the company has ever taken in one of the biggest investments we have made outside the united states and the most popular city and in the most populous country in the world. it was a 17 year journey for me from the moment i set foot on the property to limit cut the ribbon, so i was quite involved. we built something really large and complex and unique in the sense that there is a lot of original project in shanghai disneyland and it opened lawlessly. the reaction in china has been great. interestingly enough, visitation has come from all over china and has taken great advantage of shanghai as a tourist destination, particularly in the summer carried content to visit is high and awareness is high. people are staying about two hour longer per visit, which suggests people are enjoying the product a lot and the perk of spending has been trong. we had estimates but we are just guessing about how it would do because it is a brand-new product in a new market for us. we are extremely pleased with what we have seen so far. well over one million people have visited the parks since it opened on june 16 and the prospect for the business looks really strong. so much so be have already broken ground and we feel great about it. ramy: both major party contenders for the u.s. presidency laid out the economic policy plans only examined their proposals from a variety of perspectives. let's start with david, president in seem of global and senior economic adviser to onald trump. david: what are you were the key elements in what donald trump laid out yesterday? >> i'm glad you pointed out the regulatory side. a lot of people talk about the tax reform, which is important for trade reform, but energy is mportant to have business. my key proposal is to have the cabinet work reduce regulation, so all of it will be asked to list regulations that do not benefit the public and did not benefit growth. david: you are the economic advisor to the trump campaign manager have people pencil. how much this would cost -- penciled how much this would cost? are we going to get numbers saying this is how much this will cost and this is how we'll pay for it? >> i am skeptical of how accurate that scoring can be because you do not know what or how dynamic the economy can be. i think we are wait underestimating america right now because we have been so many years in slow growth. if you speed up the growth, you will get more business investment, more tax revenues and it will make it easier to do the spending reforms you ave to get done. david: it strikes me at least that this is largely the redistributed approach to economics. nothing wrong with that but one particular approach. it is not progrowth or pro-business like mr. trump's. why is that the right restriction for this country right now? >> i disagree entirely. if you want to grow the economy, the lessons is that trickle down economics do not work. if you have a strong middle class, you're going to have people that can consume and buy and consumption is the overwhelming driver. business investment has been challenged in part because business is to not believe the consumer will be there. if we make sure the middle class has more money in their pockets and more people are aspiring to be in the middle class, that will be the source of growth in the future. i do not think that trickle own economics and deregulation like we saw in 2008 will get you far. in fact, they got us a thousand hundred jobs a month being lost and decline in gdp in 2007-2008 in the global financial crisis. i think secretary clinton's plan is progrowth and donald trump is the one likely -- and experts have been saying this -- throw us into a recession and lead to a similar type of economic crisis that we saw in 2008. david: what are the things that jump out at you the most as the most fundamental differences between mr. trump's approach and mrs. clinton's approach? >> here's what we need to ask, as the candidates look at the economy, what do they see as the central problem? when i look at hillary clinton's plan, it seems to me hat she thinks the central problem is that rich people have grabbed too much money away from poor people and middle-class people. if you look at donald trump's plan, it seems to me that he thinks the central problem for the u.s. economy is that businesses do not have an incentive for adequate incentive to invest. the entire plans on both sides derive from that supposition, so we can start with the basic question. who is right about that? i tend not to be your redistributed -- i cannot even pronounce it because i think the concept that the problem with poor people is that rich people took the money misunderstands how capitalism works. i think it is true, undeniably true, that businesses have failed to invest and it is undeniably true that u.s. corporate tax rates are not competitive. they are higher than nearly every other trading partner that they do business with. david: it is also true that a large part of the u.s. economy is consumer-based and driving the economy. if we can get more money to consumers, the middle class, that would help the economy. ou agree, don't you? todd: yes, but if you look at recent to reports, consumers are doing ok. the level of overall retail sales is not horrible. auto sales have been quite strong in this recovery. housing has been ok. the failing has been either the lack of confidence of his nurses or the disincentives. >> i think what we have by two distinct visions for how economic policy should be conducted. donald trump wynn stewart massively cut taxes even though he has not said when he wanted to do on the spending side, but you have to cut spending to get the deficit to reasonable place what it favors the rich. the one place he is not pro-business is on trade, where he is on the populace side and business is in favor of free trade and he is against it. hillary clinton's vision is a robust government that can get the hands dirty in the economy?. is there a redistribution of spect? yes, tax the rich more and provide more benefits for the middle class. what she is really trying to do is investing in america and in the structure, education, all that has been cut over the last 10 years and that is a progrowth agenda in my mind, so i would not call trumps progrowth and hers not. >> hedge funds, private equity, how do you tax carried interest? should be ordinary or capital gains? where do you stand? >> it should be taxed as ordinary income and i am a beneficiary of carried interest for my private equity days, but what i did in my private equity days was work. i do not see why it should have been taxed as work. it is a small revenue number, $50 billion over 10 years, so it is a principal matter. on principle, donald trump and hillary clinton agree on this and they are correct. ramy: you are watching "bloomberg best." it seems uber is finding out what other u.s. tech companies realized long ago. china is an alluring trap. most american web companies including google, facebook and amazon are either banned from china or have flopped there and their odds of success are only getting slimmer. bloomberg explains why it might be time for u.s. tech firms to give up on china for good. >> no u.s. the company has really cracked china. it is time they stopped trying. google, facebook, amazon, microsoft, ebay, all have either been shut out of china re treading water. , which st loser is uber sold after they lost billions of dollars. apple has done well but has truggled recently. y can't american internet companies succeed in china? three reasons, it is tough for foreigners to compete. alibaba handled more online sales than amazon and ebay combined. two, china's loss and government interventions favor local companies. the example, facebook and twitter are banned in china and google pulled out of the years ago because it was the targeted cyber attacks and did not want to comply with censorship rules. three, chinese technology has become really good. local companies make smart phones as iphones but with features tailored to chinese tastes like guessing your age from selfies, and chinese tech ideas are being copied, like facebook turning their chat messenger into a virtual chat, and the might of chinese internet super powers, tech prowess and government help has turned china into an online economy where locals role. china seems too big to ignore but too hard to crack for merica's web powers. >> this week's edition of small to big focuses on an up-and-coming yogurt brand. they are headquartered in colorado, but as the founder explains, the story begins down under. >> i was home visiting my family in australia, and i tasted what was essentially the most delicious yogurt i have ever had in my life. i had to eat it more than once a year, and i figured out how to license the recipe. i called the dairy founder and convinced them to go to usiness with me and we partnership was formed and we created noosa. we focus really on our backyard, a colorado market, and we did a lot of sampling. from that, it all happened. in 2012, we had target come to us and they wanted to test us in their supertarget stores. four months later, target came back and said, we loved tell your performing and resonating with our guests and we went to extend due to another 1000 tores. noosa, we did not have a business plan, real strategy, and it felt like we should say yes to every opportunity. one of the opportunities was coming east to a retailer outside of new york. we didn't have the right resources from a marketing standpoint, the right supply chain logistics, it just really was too far and too soon. we focused more of a regional approach, working with the right retailers that were invested in us as well. fortunately, we were able to pull back without self imploding from the financial aspect. we are at the end of 2014 and we could see the business was getting bigger and bigger. we did an extensive search to find the right partners to help us grow and take us to the next level. we were joined at the end of 2014 and they really allowed us to accelerate and built plans for future capacity. we just finished up a $20 million expansion. i have to sort of pinch myself. we are in over 25,000 stores. brand, as an emerging and we stay focused on what we do well, and that is making over 100 way dollars in revenue. we are unwilling to do it unless we have that wow. ♪ >> i have got a really interesting chart called imsd for insider trading and this shows us the s&p index against corporate insiders and we are showing the by, so that his executives can anybody important at the company buying stock. this is what we contract, all good. ramy: there are about 30,000 functions on the bloomberg and we enjoyed showing you are favorites on bloomberg television, too. maybe they will become your favorites. here is another function, quic go, we can get important ontext into timely topics. >> there are five major energy sources in the world, etroleum, natural gas, coal, renewable energy and nuclear power. thanks to the shale and fracking boom, it is cheap and clean, and it is natural gas that may be the fuel of the future. big oil companies use a technology that turns it into liquefied natural gas or lng, which can be shipped all over the world, reshaping politics of global energy. here is the situation. the trickiest problem with natural gas right now is right there in the name. it is a gas. most travels through pipelines, and that makes it really difficult to sell the gas to, say, korea. but a few things make shipping natural gas possible. first, there is a process of super cooling natural gas to -250 degrees fahrenheit and converting it to a liquid and the volume by 600 times. like going from a beach ball to a ping-pong ball. this makes it possible to transport gas not through pipelines but on really big ships, which leads us to a million tankers, some the size of almost four american football fields. that can carry lng all of the world. the only problem is the ships are too big to fit through the panama canal until now. the $5 billion pen month canal project was finally finished in june 2016, allowing for fastest shipping of lng to keep markets like asia. what does it mean for global energy? a growing number of countries are trading lng, with 34 nations importing of why the end of 2014, compared to 15 in 2005. here's the argument, overall, emand for lng depends on how fast countries will turn away from coal. one lng selling point is it is cleaner, producing about half as much carbon dioxide as coal. oil companies are pushing into the lng to produce a cleaner future. shells acquisition of u.k. oil group, producer, b.p. the biggest in a decade, made it the largest lng trader, but not everyone. in countries like japan, the largest importer of lng in the world is focused on nuclear power after starting to get reactors back up and running after shutdowns prompted by the 011 tsunami. plus, some u.s. gas companies are glued to exports of lng, saying that longer-term, could raise gas prices for american consumers. ramy: that was just one of the many quick takes to find on the bloomberg redo can also find this at bloomberg.com, along with all of the latest business news and analysis 24 hours a day. thanks for watching. i am ramy inocencio. this is bloomberg. ♪ >> from our studios in new york city, this is charlie rose. charlie: the cyber attack targeting the dnc appears to be more extensive than officials first believed. the original leak in july forced dnc chairwoman debbie wasserman schultz to resign. the question remains, whether t is part of a larger effort to influence american presidential election. my guest served as the general counsel at the national security agency.