♪ cory: welcome to "bloomberg west." i am cory johnson. u.s. stocks started off the week with big names, the first back-to-back gains in nearly a month, ending the longest drought since 1994. the s&p 500 has lost 9/10 of 1% in march, up 1.3% for the year. meanwhile, the commerce department said americans saved the highest savings rate last month in more than two years. emily:. anchor:%.

-- 5.8%. a security incident at the nsa headquarters in maryland, two man reportedly dressed as women tried to ram the gate with their car, and police opened fire. one suspect was killed, the other hurt. the us the fbi does not believe they were terrorist attacks. and sergey lavrov has left the nuclear talks, and he says he will only return with a realistic understanding of the deal. there is tomorrow's self-imposed deadline. >> we are here because we believe in hell can be done. it is in everybody's interest that a deal does get done, but it has to be a deal that could bomb behind the reach of iran. there cannot be any compromise on that, so if we're going to get done, iran has to take a deep breath and make some tough decisions to ensure that those red lines can be met. cory: how fast to roll back sanctions and dispose of the already enriched iranian uranium and falling short on a deal with

u.s. officials to clear up items after a bank was accused of laundering money while doing business with terrorist regimes. bank performs and the pace of change being cited as an adequate, according to two people familiar with the report. well, the music streaming service, tidal, was launched by

jay-z. he bought it for millions in january. the latest entrant into the crowded main business. there are artists that owns stakes in it. and the national football league and the atlanta falcons have been fine for breaking the rules. one person was suspended after your games for sending text messages to the sidelines during the game, and the team was docked a pick after pumping in crowd noise during a game. and now, indiana legislators are looking to clarify these days's controversial religious freedom law, which has angered many in the community, allowing businesses to deny service to gay people based on the religious views of the business. speaking out in the tech community, apple ceo tim cook, and marc benioff, who has limited travel, and angie's list has withdrawn a proposal to expand the indianapolis headquarters. here is the ceo on the law. bill: it had nothing to do with creating jobs, nothing to do with educating children, nothing to do with attracting talent to the state of indiana. corey: governor pence defense the law that he signed. governor pence: is tolerance a two way street or not? there is a lot of talk about

tolerance today having to do with people on the left, but here indiana steps forward to protect the constitutional rights and privileges of freedom of religion for people of faith and families of faith in our state, and this avalanche of intolerance has been poured on our state. it is just outrageous. cory: we were looking for businesses that would speak out in favor of the law and could not find any, but a representative of an lgbt tech company joins us now. this law has drawn a lot of -- i am surprised about the instant reaction from the tech community. what is different about this law and this time over the last year or so? guests: thank you so much for having me on.

if you look back to arizona, they will be passing a bill very similar to this, which actually was vetoed, and it shows that the tech industry and many industries around the country and around the world just realized that this is discrimination in its most blatant form, and discriminating in business or those around the country is bad for business. tim cook said it in his op-ed in the fact that this coronation is bad for business, and quite frankly, i would turn around and ask governor patrick pence, why was a closed-door signing if he was truly feeling that this was a good law for the state of indiana? cory: said jerry joins us from bloomington, indiana, with a school of business, and i wonder there at the school, jerry, when you look at this, is there a

sense -- when this was being discussed, that this would have a big impact in the global tech community, or is this a local issue? jerry: it has been perceived by many to be an issue in attracting tech businesses and keeping tech businesses in indiana. there have been a couple of cases in the last week that have stepped forward, changing plans. angie's list was going to build a $40 million facility involving over 1000 employees, and that seems to be on hold. salesforce has a major operation there, and they are talking about limiting flights to indiana and travel to indiana. so if more companies are of this sort that what to bring in people and technology and people who are looking for a free lifestyle to go with that, they could have some challenges in attracting and retaining those people. cory: i have been particularly amazed at the this role reaction from mark benioff of salesforce. he posted on facebook late last night, and in part, he wrote in response to this unjust legislation, we are reducing employee travel to indianapolis and canceling all marketing events that require customers to

travel those that are impacted by the discriminatory environment and want to move out of indiana. jerry, to me, this is kind of unprecedented in modern times, the ceo of one of the biggest software companies in the world is saying i'm going to help people leave the state because of a law they just passed. jerry: well, that is certainly a strong statement and one that is getting a lot of attention both in government and in the private sector. there has been a lot of comment

by businesses about the problems that this legislation is perceived to cause, and i say perceived because the legislation itself, the bill, is really unclear. it does not directly address anything having to do with groups that would be discriminated against or not. it basically sets forth judicial standards by which case cases would be judged if there is a conflict in rights, and, unfortunately, this legislation poses two basic types of freedom , freedom of religion and freedom from discrimination to potentially come to butting heads. i think the author wants to come out ahead when the legal profession. cory: they always win. chris wood, tim cook's response really quick, broadening this, let me read from his op-ed in the washington post. he said this is not a political

issue or a religious issue. it is about how we treat each other as human beings. opposing discrimination takes courage. it is time for all of us to be courageous. this is the biggest company in the world by market cap, chris and it is run by a gay man. it is unusual for him to be such a leader and be so candid on this issue? chris: i think he realizes that the best time and place, it is important for him to be outspoken about this. last year, i was on "bloomberg west" last year talking about his announcement in alabama and coming out eventually as gay. it is really important for him to be a leader in his position talking about the importance each other in 18 and as human beings, and quite frankly, the lgbt community, each individual in the lgbt community is just as human as the next individual standing next to them, whether they identify as lgbt or not and at the end of the day, or business, what matters is that we get the job done, that we continue to produce technology that are changing lives each and every day, and i really feel that tim cook sees that. he realizes that coronation is extremely bad for business and that this law is really rationalizing injustice for so many, not just the lgbt

community, but it is taking a direct hit at the lgbt community. cory: chris wood. we appreciate your time, thank you. up next, a streaming appd je rr, taking things by storm. some meerkatting, when we return. ♪

♪ cory: coming up, meerkat and germanwings. it appears the copilot may crash the plane after having suicidal thoughts for years. >> he had at that time been in treatment of a psychotherapist because of what is documented as being suicidal at that time. cory: german authorities also created a homicide mission to determine whether or not andreas lubitz deliberately crashed the plane.

50 homicide detectives have been assigned to the case. and the group will look to unlock its next round of bailout money still needs a lot of work, i wanted to some officials who say the proposal is short on information and content. greece could run out of money within weeks without a new bailout, and the national football league making a separate business, granting operational controls for nfl on location. a new holding company will be providing unique fan access. all right. it is one of the most talked about apps, and we are talking that a live streaming app called meerkat, and it has raised $14 million. they broadcast live videos and comments to twitter. you cannot replay them, like snapchat, but here is a question. it has launched. it has raised money. it is a huge hit. their ceo, ben, joints need right now. congratulations. it is amazing attention to what you guys are doing. the app store numbers half volleyed off. what do you make of this?

ben: it is not that early in our venture. we have been in this space for 2.5 years now. we have known success and failure as more. one thing that is very interesting to see about us is that it was actually able to unlock behavior of live streaming behavior, like people who would not live stream otherwise are now live streaming. cory: we are meerkating right now. holding your phone, and there we are on meerkat, since one to watch this kind of a broadcast while it is happening, what do they do?

ben: once you go live, it is a lifestream published on twitter, and everyone who follows you get a push notification, and they can watch you. cory: and my twitter account or your twitter account, because our bow on there, and we can discuss? ben: yes, that will be shown on your twitter account. cory: you launched at sxsw right? ben: no, actually, it was just a side project. we had a product of live video and we closed that. it was maybe 400,000 users that we had, and then we shut it down and went to this exploratory mode when we said we're going to release a product every two

months, and one of them was meerkat, and we put it on product hunt on february 27, and we did not plan to do anything like that. but the community was extremely supportive. cory: there is also this sort of search for the next big thing, because twitter was launched at sxsw, some people are looking for the next twitter. ben: twitter was out for nine months before sxsw, and there is a cultural readiness, a technological readiness. we do not look at it as kings or queens or anything. it is more about is the technology now -- it allows a different behavior that could be impactful in a meaningful way, right, and if we can allow people to participate, a large audience to participate in happening, by removing friction by going live, by removing friction from watching at different places in the world, and everyone can watch live screen from their pockets, basically, or stream live video from the phones in their pocket.

that means that the cost to go live and to distribute to a large audience is literally zero now. cory: people commenting now as we look at the comments as they come across, but i also wonder instantly twitter announces they are going to pull out the rug from under you. but also twitter announcing a competitive product. is that a sign of success? ben: for the space, it is a sign of success. twitter was a launching pad. to be receptive, for people to receive us so well in the beginning, and obviously we understand twitter than the business decision it is making and it is also a good, good sign to see that the company -- it is a great product like twitter doing steps in this direction. cory: you and i will have a conversation on meerkat, and we appreciate your coming by, ben.

we will be right back. ♪

cory: i am cory johnson, and this is "bloomberg west," and we just spoke to the ceo of meerkat, and a competitor about streaming video from camera straight to social media. yet they both survive? is there room for two? tell me. guest: big launch on product hunt. cory: to me, the launch of meerkat and twitter on top of it, pulling out the rug and not letting them make a social graph and then launching a competitive product, what do you make of that? ryan: it is interesting that they are entering the live streaming space at the same time. this happens frequently, not that it is twitter copying them or vice versa. it is a change of behavior or a change of technology. cory: what is the inspiration? is it face time or snapchat? ryan: people being willing to share themselves in public, and then, of course, technology. bandwidth. the screens are better on the phone.

people can do this in their pocket these days. cory: i want to figure out who is going to succeed. you could have the best product in the world in betamax and you are not going to win. but i wonder, when there is a marketplace, it is hard. eventually, there was the stock exchange, but this took decades to happen. ebay has a lock on online auctions, despite some competitors like amazon. is there room for lots of different services like this, or will everyone go to where everyone is? ryan: there are different spaces and niches, like amazon tv, and live streaming of video games. that is huge. it is massive. and both meerkat and periscope are new. who knows overtime, but it is so early. meerkat launched last month,

periscope last week. cory: facebook knows who my friends are, in i curate that by kicking people off, and linkedin has a different graph of me, and twitter has a third graph of me. overlapping. instagram also. are their businesses, where people will have dozens of social graphs, or a couple of companies who own that, like twitter or linkedin and facebook will own that? ryan: that is a good question. meerkat launched using twitter. i think the tv graph is great relevant to maybe a twitter graph, but it could be different, as well. the people you watch, the tv shows are different. cory: ryan hoover, thank you. "bloomberg west" will be right back. ♪

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♪ with the fastest in-home wifi and millions of hotspots xfinity is perfect for people who love fast. don't miss furious 7 in theaters april 3rd. ♪ cory: "bloomberg west," where we focus on the future of technology and innovation. the headlines. the campaign for the next two k -- u.k. prime minister is underway, and prime minister david cameron the to the queen marking the formal start. he said the leader of the opposition party, ed miliband is not fit to be prime minister. prime minister cameron: frankly, i don't think ed miliband -- has it. some people might say don't make this personal, but when it comes to who is prime minister, the personal is national.

cory: miliband said businesses are concerned that cameron will take them out of the european union. u.s. consumer spending for february rose less than projected when adjusted for inflation, and spending declined for the first time in almost a year. readings indicate part of the u.s. economy will find it hard to sustain momentum after the best quarter since 2006. colder temperatures and snow in the mideast and throughout the west. ebay's stubhub is suing ticketmaster. they are being over mashers -- measures of unfairly blocking the sale of game tickets. there was a policy of canceling or threatening to cancel season tickets if they are sold anywhere else using ticketmaster. the number of listings on their site has fallen by 80% in the

last year as a result of efforts to limit resale. and dreamworks has a new animated movie, home, which is a hit, taking and $54 million, sales smashing expectations of just $31 million. this the best opening for them since madagascar are three in 2012. a strong debut means dreamworks may avoid a loss that some analysts had forecast when they expected a bomb for four of the past six movies that lost money. and a division to distribute music, 2.5 million songs from bruno mars and the rolling stones to be streamed on alibaba app. there is also the situation of copyright infringement. a san francisco jury decided that one woman was not a victim of gender discrimination while at kleiner perkins investment firm, and she says it is a battle worth fighting.

plaintiff: if i have helped to level the playing field, it has been worth it. cory: although she lost the trial, she did bring awareness of the issue to light, and joining us is a law professor is another guest. she specializes in women's issues in the workplace. this case, as a journalist, i feel like -- i am sure that i know there is discrimination with guys like me dominating silicon valley, particularly financial firms, but as a journalist, i feel like saying here, there is an example, but the jury clearly said this is not an example of that. what do you make of that?

guest: the thing the jury was asked to vote on more specific dates and things that were boxed in, so a referendum on her years at kleiner perkins, and what the jury decided on what snippets of that, and doesn't make legal standard, and we have seen cases like this where the legal standard can differ from what the jury decides. there has been a lot of that most recently around ferguson and the i can't breathe in new york, and that is definitely something that does happen, and i can think that you can look at this as something of a learning experience and pick something to gain even if they do not win the case. cory: can i aknowledge that there is racism and the horrible thing that happened in missouri but did not happen here? sarah: of course, of course, just using that as an example where public opinion goes one way in public decision goes another.

cory: can we remember this as a case that is important? i was surprised about the new york times. guests: i think it is a very important case. for example, i do think that going forward, you're going to have a honeypot like kleiner perkins being able to have this policy, and not being able to have a situation where a woman is not invited on an important networking event like the ski trip or the dinner. there were a lot of structural dispute here. also, kleiner perkins got lucky in that in some ways ellen was not an aesthetic plaintiff, but if she had been a different kind of plaintiff, if this had been a different kind of a job, for example, a job where there were more clear-cut requirements, this could have gone very differently, and remember that the court ruled that kleiner perkins is potentially on the hook for over 140 million dollars of punitive damages. now they have dodged the bullet, but going forward, i think practices will be very, very different, both in venture capital and in tech more generally.

cory: so we have all heard about this case, and the jurors were kind enough to speak of, and i want you to your but one of the jurors had they are after. check this out. juror: when you see comparable or similar feedback, meaning areas they need to improve in, one gets promoted and is fast tracked, and the other is held back in a particular role, then to me, it validated the claim as being discriminated against on the basis of gender. >> it probably had more to do

with her sales ability and her ability to get along with people, her personality. a lot of people can be analytically driven, which is what down she was, and that made her break the chief of staff rule, but we feel in the long run that that was not what her role was going to be based on the e-mail. cory: so, sarah, there are the two sides to the case. but i wonder when you look at this, do you think this is the right issue and the wrong case? sarah: yes. it is pretty hard to listen to some of the stories and some of the other stories that have come out in the last years about women in tech and not think that something is amiss. it is a little bit like the boiler room, the boilers club, and so i think that this is an issue that is not going away. it affects almost every woman in venture capital who has stories. we talking about billion-dollar funds.

cory: is it worse in finance or a business, not that finance is not the own thing? sarah: deals can take years to come to fruition, and even after it comes to fruition, you know if they are successful or not, so during that time, you are really getting by on the perception of success, rather than a business where you have quarterly earnings that tell you whether or not you are doing a good job, so i think when can sometimes do better in an analog -- analytical environment where they can print this is good as opposed to being able to throw out on a bus. cory: joan, do you think there will be another case like this or a class action against twitter or facebook on these issues, which can have a much wider reaching effect? joan: during the trial, there were two more musket fire

-- lawsuits filed against tech companies. now, that may be a coincidence. i suspect it is not a coincidence. what we saw in this trial is that although there was a lot of evidence in favor of kleiner perkins, there was also very very clear evidence of gender stereotype, and specifically the kind of gender stereotyping that is often encountered by asian-american women. for example, in a recent co-authored study, one of the findings was that asian-american women are often cited for being too passes, a word that came up -- too passive, a word that often came up in the kleiner perkins trial, and that asian-american women walk a very, very narrow tightrope between being seen as too feminine to be competent, too passes, too quiet, but also too masculine to be likable. she was called both passive and demanding. that is a pretty narrow type -- tightrope. i think it has changed the conversation in a permanent way.

cory: joan williams, thank you and, sara, thank you. "bloomberg west" will be right back. ♪

♪ cory: i am cory johnson. this is "bloomberg west." ford brings back the lincoln continental, and there is the nail host of the daily show, but it is time to look at innovators working on seemingly unsolvable problems. this week, technology in medicine. surgeons have limited options when it comes to closing internal wounds during surgery and our reporter traveled to a company that is working on giving surgeons were options with adhesive gels to seal and permanently lost tissues inside -- bond tissues inside the body. >> inside is one of the harshest environment. >> it is extremely dynamic constantly expanding and contracting.

>> a hurricane of blood inside the heart. reporter: of all the places you can perform an operation, the heart is probably one of the hardest. it is even harder when that heart is very small, like in children and an infant, 10,000 of which were higher open-heart or drink every year. if you want to repair a heart defect, you have to open it up and we expose the heart, and a suture can cause a lot of damage. >> we are really compelled to try to do something to solve this problem, and so we went off and developed this adhesive that can work in the harshest environment in the body, inside a beating heart.

reporter: in 2009, a team at m.i.t. was asked to solve a problem. how can you repair a hole in the middle of the heart of a child without using ditches or staples? you were saying to create different kind of adhesive. what were you looking to create? what were some of the properties needed to have? >> a lot of materials react. the material that we developed is hydrophobic, which means it can actually repel water or repel blood, so we can place this inside a beating heart, and what can happen if it will actually dark to infiltrate into the tissue, almost like a tissue velcro, so it locks into the tissue, and then the heart expanding and contracting on the order of 60 times a minute, and so the materials have to be able to respond to that. reporter: why can you tell you little bit about what is your contraption is going to do? >> this is a mechanical tester. the patch we just heard with the

-- cured with the glue and measured the situation that the degrees can generate. reporter: you will get a reading of the level of june, as it were? >> exactly. he's this is two kilograms of force person or centimeter, and it is strong enough to remain in the heart. reporter: the top of the tissue is bent up. the glue needs to be strong, but it also needs to know when to get out of the way, and that is what makes this particularly impressive. the glue can work with the patient's own body to create an even better more permanent fix. >> what happens is at the material degrades, the patient's own tissue creates a bridge, and that's hillview hole, and then the glue is gone, and the patient has their own tissue that is feeling the whole. reporter: so besides working in

the heart, there are other places's technology could go. can you tell me a little bit about that? >> there are things we can think about that we are exploring. for example, gluing two vessels together. we can also think about other places to use the adhesive. there are a lot of controls. >> before the biomedical company to translate this technology and we are determined to try to get this to patients as soon as we can. it is actually scheduled to be first in man testing later this year. reporter: they hope the widespread use of their product, besides making the company a lot of money, will lead to fewer invasive open surgeries, cutting down on recovery time for patients and reducing the risk of infections. >> the science is always to translate something, and i think the most exciting moment when we are able to do it inside a

beating heart in a live animal -- of course, the moment where we had something that really affects the quality of life of a patient. cory: that was bloomberg reporter in this weeks edition of this segment, and a time now for headlines, bringing back the lincoln continental at work. the new lincoln sedan at the auto show this week. the ceo investing $2.5 million and he talked about the impact of a stronger u.s. dollar. mark fields: when the dollar is strong, that means the economy is strong, and this is the largest market, so that is good news for us. it does erode our competitive price.

cory: two former agents charged with stealing digital information from the so wrote marketplace. they were both investigating a website when the alleged thefts occurred, and he allegedly stole thousands of dollars of bitcoin while investigating so wrote. the feds have the option all bitcoin seized, and they had held three options so far. "bloomberg west" will be right back. ♪

cory: this is "bloomberg west," and i am cory johnson. replacement for jon stewart, trevor noah, and he joined as a contributor last year and has been on the show exactly three times, but he is a veteran comic. he hosts his own program in his home country of south africa and joining us is a senior producer of a video news network, and so, three times? that is crazy? guests: three times in a very short space of time. his debut with in 2014, so he is absolutely a newcomer. it is a bold choice for comedy central and viacom. a comedy background outside the daily show is sort of what helped him.

cory: he has 2 million followers and is on instagram and youtube. this is a cliche, a digital native. versan: he hosted his own comedy show in south africa when he was only 25 years old, so he has been doing this a while, and yet been in the social media game for a while. jon stewart is famously anti-twitter and antisocial media, so i think viacom made the right choice in going for a young person who is absolutely integrated and who will integrate social media more. he brings that. cory: i wonder if it is more a more global show. the comedy on the show is very

u.s.-centric and u.s. focused. there are occasional references to the classic era, and i wonder if those jokes disappear, and it becomes a more international kind of thing and less of a u.s. cultural response. versha: yes, that could work. former correspondent john oliver did a great job bringing his sort of outside british experience, to comment on the ludicrousness at times of american politics, so i think trevor noah will be able to give the same. comparing police brutality in the united states to the brutality that he saw under apartheid in south africa growing up, so he has an international perspective and how he can relate that to what is going on today. it will definitely relate him to

u.s. audiences a little bit more. cory: actually, i have to take that back. i did not see that. i saw something online or on my computer. but the daily show has been one of the most inclusive -- they put all of this stuff up online, cataloging it extensively. is there a notion that this is the kind of thing we need to do to be more digital going forward? >> where they live, and that is on instagram in snapchat, so trevor know it is the embodiment of that, and comedy central going forward is making a social media push for those new digital audiences. cory: it is also interesting the success john oliver has had on a different network, being hbo being digital. versha: yes, they are doing web exclusive episodes. they will preview clips on twitter and have them. again, that is a way to keep your audience's interest, even when you are not on air every week. cory: versha, thank you very much and remember, you can get

the latest on your phone tablet, and at bloomberg.com. we will see you tomorrow. ♪

>> the following is a paid program. the following is a paid advertisement for omega xl. >> my name is larry king. a few years ago, i had to have open heart surgery. when i recovered, i established a cardiac foundation to help people like me avoid heart problems with proper foods medication, and a healthy li