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Mike Bloomberg told "CBS This Morning" Friday that Bloomberg News' editorial staff will "just have to learn to live with" the organization's decision to extend its policy of not investigating him — as its owner — to all Democrats running for president in 2020.

The big picture: The decision has garnered criticism from both Bloomberg News' staff as well as President Trump, whose campaign said it won't credential Bloomberg News reporters due to "unfair reporting practices."

  • Bloomberg News' editor-in-chief John Micklethwait said that the Trump campaign's "accusation of bias couldn't be further from the truth" and insisted the organization would continue to cover the president fairly.

The exchange:

MIKE BLOOMBERG: I think people have said to me, "How can you investigate yourself?" And I said, "I don't think you can." But if you take a look at the Bloomberg News organization, we carry news from lots of different places like New York Times and the Wall Street Journal and the Washington Post. There's plenty of ways for people to get news about the candidates if they look at Bloomberg News.
CBS' GAYLE KING: But even your own reporters have complained they think it's unfair that they're not allowed to investigate other Democratic candidates because their boss is in the race.
BLOOMBERG: OK, we have — just have to learn to live with some things. They get a paycheck. But with your paycheck comes some restrictions and responsibilities.

Go deeper: Bloomberg News outlines how it will cover Mike Bloomberg's candidacy

Go deeper

Felix Salmon, author of Capital
17 mins ago - Economy & Business

Why it's so hard to tax wealth

Illustration: Sarah Grillo/Axios

The wealth tax that wasn't a wealth tax isn't even a tax, now. The Democrats had a meticulously constructed 107-page proposal to pay for a large chunk of their spending plans with a tax on billionaires, but it died ignobly on Wednesday, the same day it was unveiled.

Why it matters: The dream of a wealth tax will never die as it so neatly generates revenue by reducing inequality. But there are three main reasons why that dream is likely to remain just a dream for the foreseeable future.

Bryan Walsh, author of Future
2 hours ago - Health

Public health messaging lessons for the next pandemic

Illustration: Megan Robinson/Axios

"Be first, be right, be credible" is the mantra of public health experts in a crisis. It's difficult to argue that the health community has regularly managed to be any of those three during COVID-19.

Why it matters: A pandemic isn't just a medical emergency — it's also a communications emergency. The U.S. public health establishment, hamstrung by bad data and political interference, has struggled with the latter.

How Hertz is fighting to stay relevant

A Hertz car rental counter in the Miami International Airport. (Photo by Joe Raedle/Getty Images)

In the span of less than a week, Hertz has made three big strategic moves intended to keep the car rental giant from fading into oblivion.

Why it matters: Ride-hailing and other mobility innovations are rapidly changing the way people get from A to B, posing an existential threat to traditional car rental services.