♪ carol: welcome to "bloomberg businessweek." david: we are inside the magazine headquarters. carol: elizabeth warren on donald trump. david: how time warner will take on amazon and netflix. carol: and looking at broadway. david: all of that ahead on "bloomberg businessweek." ♪ carol: we are here with the editor, ellen pollock. this is big interviews. and there is a theme tying them altogether? guest: no, but it is meant to be

a diverse group of people. it is meant to be all different. we hope that you take it to the beach. we have more than a dozen ceos, talking to them about things you would not expect. carlos talking about how he would change the work week. unusual things. we have ringo starr on brexit, believe it or not. unexpected, a of nice unusual mix of people and it is fun. and you get to hear them in their own voice. it is sort of an interesting journey. david: let's talk about that. the founder of the black flies matter -- black lives matter movement, what does she talk about? guest: she talks about how she founded it. and she talks about how so many

people sort of have a misconception about what racism is. is not justays, it about people being mean to each other or interpersonal relationships, but it is really about people, well-meaning people who keep institutions the way that they are and keep systems the way that they are in a way that does not allow for change. carol: she talks about the clintons, she covers it all. she talks about donald trump. ellen: she talks about how the people who can change the whole donald trump situation are the people that he is appealing to. she says, it is not a matter of opponents of donald trump, mobilizing those who are not for him, but the people he is trying to address who world to -- who will prevent him from becoming president, which is important to

her. carol: you also spoke to an author about the new book she has coming out. ellen: this is interesting. she is very well known for a book she wrote called, "we have to talk about kevin p cohen and -- talk about kevin." and what is interesting is she talks about what finance means to her personally and how her life has progressed. and how her finances have changed and her feelings about money, changing. it is a fascinating look at somebody's views and how they have moved forward. david: finding her own place. we had jerry smith talking to the head of time warner. hulutook a big stake in this week. it is interesting thoughts about the future of media and how we watch shows.

ellen: one thing we asked, how has netflix affected hbo and his view was talking about how hbo affects netflix, because the whole idea of the subscription business really started with hbo. and he talks about the fact that there is so much more content on tv right now, it does not mean that fewer people are watching individual shows, but because of search and the way that you get suggestions online about what to watch, this makes it easier for people to find shows that they want to watch. david: i spoke with jerry smith. he did the interview. david: talk about the big media companies today. he was with time warner for some time. guest: he started with them in 1979. and he started with hbo when it was a fledgling channel and he rose through the ranks and he became, he actually led hbo at a

time when they lost -- when they launched big hits like the sopranos and sex in the city. the company he inherited was this massive media conglomerate, they had aol. magazine.ime inc. he looked at these parts of the company and said they did not really relate to each other and they spun off and what is left is essentially this smaller company of others -- smaller committee that is focused on the business of hollywood. warner studios, and basic cable channels like cnn, which is having a monster year in the ratings because of the election. so, it is a really interesting time for the company. right now, you look at companies

like netflix and amazon and hulu that are really aggressively ramping of original programming -- raping of original programming, so it puts pressure on hbo to maintain their position. david: what does he say about the pressure? how does he regard those companies and if they are doing something fundamentally different from what he did it hbo -- at hbo? guest: i asked how the strategy sees netflixnd he almost copying hbo strategy, almost doing the same thing that they pioneered decades ago, except netflix is doing it over the internet. i think that he has respect for what they have done, especially with how, when you go on netflix it is very easy to find what show you want to watch you do get recommendations. david: algorithmically curated and everything like that.

guest: yes. and he understands reed hastings and how he has developed technology that is useful. there are more than 400 original shows scripted for tv from last year, so more than we can ever watch. so i think what he is concerned about right now is making an interface so that when you are watching television, it is really easy to find what you are looking for. david: you mentioned more than 400 shows right now, so when you get that media mogul in the room, you need to ask if there is too much content. what does he say? that this iss actually, this is a good thing and what is happening now is viewers are really expecting to have a lot of good content out there. so just because there are hundreds of shows competing with hbo or tnt, that does not mean

that people are not interested in getting hbo or having tnt in their home, he says there is consumer expectation right now for really quality programming. a company like hbo was the pioneer of that. carol: dozens of high-profile interviews, we asked the creative director how he decided what to publish. guest: we wanted to show everybody the range of people that we were interviewing. we had about 40 people in the issue. carol: you would have done more if you could? guest: yes, actually. and we had a lot of photography and we were excited to show this big divers issue with a lot of -- diverse issue with a lot of people talking. we have an activist, we have politicians, so it gets a feel of the diversity. carol: you make them different with the range of colors coming so you are mixing it up? guest: inside the magazine, all

of the quotes are designed differently and it is to reflect the fact that this is not cohesive, you are getting all of these different voices from all of these people. we wanted to do the same thing with the covers. on each cover, the word interview looks different. david: so the photographer took all of the portraits? guest: no, we had different photographers across the country. we tried it to have a cohesive look. and we tried with the covers, we were mindful of the color palette and we wanted it to relate to the subject and make it different for each one. carol: it is interesting. the color block it really kicks out the words. how did you do that? or why did you do that? guest: there is a lot of type in the issue. the interview issue, we did not

want the subject to feel buried, so we wanted to at least above the logo. david: up next, how mark weinberger keeps millennial employees happy. carol: and airlines. david: and winning over bernie sanders supporters. carol: all ahead. ♪

♪ david: welcome back to "bloomberg businessweek." carol: you can find us on the radio on serious -- sirius radio. interview issue has a one-on-one with mark

weinberger. david: he spoke about how to keep millennial employees happy. david: why was he somebody that you wanted to talk to? guest: i was interested in him because his company, ey, is such a large employer of young people. so i thought about who knew how to deal with millennials. david: you think about public accounting and young people is not the first thing that comes to mind. guest: it is surprising because so much of the workforce now, you think of people who are in the middle of their careers, especially with corporate jobs, but things like consulting and accounting, they draw heavily from college graduates and it puts them in a sweet spot of dealing with people in their 20's, maybe their early 30's. so at a place like ey, was surprised me is the median age

is 29. that is a big change of what most people are used to. david: is this a change that the --pany has pushed for, are or are they looking at the pool of where people are coming from? ,uest: people come in particularly millennials, they are into with the notion of, i will go where my career takes me and maybe i will do this for some years and then move elsewhere. that is a big change from boomers who thought, i will find a company and i will work for 30 years, and i will get a pension and moved to florida. that is not what today's worker wants to do. david: i was struck with how cool he is with that. he is not hiring people with the hope, the hope that may not keep -- may not come to fruition, but knowing that they may go somewhere in a few years.

guest: i would've thought that this would be a really big challenge from an employer standpoint, oh my god, people will leave. but they figured out that there is nothing they can do about that. that is the nature of the people that they will hire. so those millennials, they are thinking about their own benefit. so what they decided to do was make the best of it. so i will train you, i will make sure that you feel good about me. and if you do leave, you will go out with a really good taste in your mouth, you will spread the word of what a great place i am to be employed at. and you also will send business back to me from your new employer, you will say, i know this great company that can do this job for us because i used to work there. carol: and the delta ceo in this issue, ed bastian. david: talking about keeping

delta on a winning track. guest: he was passionate about the fact that he had disagreements about the company at that time. program lost a low-cost . it was really going after the discount market, they were responding to jetblue and southwest and he is pretty adamant that he thought that was the wrong strategy and out of the disagreement he decided to go to another company grade david: he did -- another company. david: he did and he came back. why did he come back? guest: several people he was having disagreements with where replaced -- were replaced. the ceo at the time was trying to fix what was going on in the operation. and i think when he and jerry got on the same page, he was ready to come back and go through the bankruptcy and really start with a clean sheet. david: how healthy is built the

today? -- how healthy is delta today? guest: very healthy. they are leading the industry in terms of premiums. they are really hitting hard on operating reliability and getting the planes out on time and making sure that they do not cancel flights unless they have to. cancel a lott domestically anymore, unless it is the worst-case scenario. so right now, delta is pretty much at the top of the industry in terms of earnings power. david: we think of all of the low fuel prices we have seen over the last years, so how does that affect the bottom line? guest: it affects everybody, that has been a major boost for every single airline, because it is a big cost for the airlines. they are getting the same benefit that everybody else's. -- else is.

delta and southwest have been burned, but in the aggregate, the low fuel costs is a wonderful thing. david: what did he tell you about the economics of running an airline today? where does he see the industry going? guest: low fares are still common across the industry and that is a lot about supply and demand, there is capacity today. when you look at a lot of things, delta and other airlines are doing well because it is not low fares across the board. the thing about airlines, you might not get a great return any particular area, but you are probably making it up somewhere else. there is fierce competition and there is a lot of altra low-cost a low cost.

, but at the same time, everybody is enjoying healthy profits these days. next. jill stein, up carol: and mtv unlocking their video vault and finding a brand-new revenue stream. ♪

♪ david: welcome back to "bloomberg businessweek." carol: and the politics and policy section, how the green party presidential candidate jill stein is winning over supporters of bernie sanders. guest: unlike somebody like ralph nader, she was long before running for president, a green party activist. she was the candidate for example against mitt romney in massachusetts. she has been involved for a long time and active around issues

like the environment. and she ran in 2012 and now is overwhelmingly likely to be nominated by the green party. david: she is a medical doctor. she has made comments about what she sees as the link between vaccines and autism, something that has been disproven, but it is still widely talked about. how much does health care, her job in health care, effect what she does in the political arena? guest: she made comments about vaccines in which she referenced corporate control over regulation as something that could make people have less trust in vaccines. and is something about how she was practicing, issues were raised. it was a somewhat equivocal answer that people found unsatisfying on an issue where some people may really be looking to political leaders of

,ll stripes as the validators on a question of what you do with your kids. on twitter, she said after she got blowback about this, she is not aware of any evidence of a link between autism and vaccines. in health care, she has been a critic of the existing system, including obamacare, and she her toen i followed philadelphia, that we have a sick care system and there is more to do to make it that everybody is actually covered. what he talks about more often is the potential for a climate apocalypse, the degree of economic inequality in the country, in a sense where there is no more time for democratic or republican approaches to some inthese crises we are facing the country and the planet. carol: up next, marissa mayer on corporate motherhood.

david: and elizabeth warren takes on donald trump. that is next. ♪ [ hip hop beat throughout ] [ fans cheering ]

♪ olympics 2016, let me get you on my level. ♪ ♪ so you never miss a moment, ♪ ♪ miss a minute, miss a medal. ♪ why settle when you can have it all? ♪ ♪ soccer to wrestling. track and field to basketball. ♪ ♪ fencing to cycling. diving to balance beam. ♪ ♪ all you have to say is, ♪ "show me," and boom it's on the screen. ♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪ ♪ "show me the latest medal count?" ♪ ♪ xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the rio olympic games. hohey s w'oiit ghong, estcak ?hoestcak .th lais p hceotas hkeca hyso wn' aret't 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 u'd 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 y'don'e t se ethat dveryay odintrg ucin pwifiwiro, fi hthatelyorow usur bs.ines ascomct .ness t builbufor sssine ♪ david: welcome to "bloomberg businessweek." carol: we are inside the magazine's headquarters. david:issues. carol: looking at working mothers. david: and mtv making the old new again. carol: all ahead on "bloomberg businessweek." ♪ david: here with the editor in chief, ellen pollock. so many must-read interviews. we will start with marissa mayer

, the head of yahoo!. and the conversation about how she got to yahoo!, she was at google before hand and she talked about the challenges of being with that cap best company. -- with that company. was young and she talked about the founders had been like, rollerblading on the campus of stanford and how much she learned there. and for a really long time she had at least one all nighter a week, she would work 130 hours a week, which is a lot. and how exciting it was. and she talks about what it was like to be working at yahoo! during the last year, where it was for sale, not for sale, so much going on. carol: and she talks about parenting, because she had kids to all of this. and it was not easy. twins abouthe had

the time that they were getting bids for yahoo! and there were decisions on big tax issues, spinning off the company. at her back. and verizon calling. she says she was the busiest person on the planet. and she really was, she had twins at the same time. i personally could only handle one. and twins, that is impressive. carol: another busy woman, senator elizabeth warren. and talking about donald trump. alan: -- ellen: she talked about a number of things she had in common with donald trump. she talked about glass-steagall and tpp. she wants tpp dead. she was very adamant that it is dead. and she is going to keep her eye on hillary clinton and make sure

that she follows through on her promises. david: one thing the reporter asked her about was the role that she sees a result playing going forward. what did she have to say? ellen: that she will be watching at all times. carol: speaking of donald trump, a big supporter of donald trump comes up. ellen: yes, he talks about the oil industry and how he feels that the oil industry is going to benefit from opec been weaker -- being weaker, which not everybody agrees with. but he thinks it will increase independence of the oil industry in the u.s., because we are producing so much more here. and it will be one of the bigger patriotic events of the last few years, despite the fact that oil prices are now down and there are issues in the industry.

he is a big supporter of donald trump. it is clear in the interview. david: i spoke to matt about his conversation with harold. guest: he is the son of share cropper's, and he grew up dirt poor. he started his own business at the age of 20 on his own. and he was a land man. andy years later, he is the 76th richest man in america and depending on the price of oil, he is as self-made as it comes. and he is for the shell revolution -- shale revolution. david: this last week, we saw oil going through a bear market. so what does he say to you about the low prices over the past months? guest: on one hand, they have forced operators to become more efficient and to do more with

less. at the same time, the finances are terrible. it was an industry loaded with debt, that needed higher prices in other parts of the world to make a profit. now that we are skirting around for -- $40, that seems to be the case going forward, that these guys will still have a lot of problems. what is interested, this is a supply glut problem and he wants to talk more about the owner regulations that the government puts on operators like himself, that keep them from getting more oil, but that is the least of their problems. david: you sat down with him during the republican national convention, what did he have to say about why he is thinking donald trump would be the best person for president? he basically will get rid of these regulations that he blames obama for putting on operators like himself.

and only donald trump will truly unleash the potential of u.s. energy, which is ironic, i find them as much time as they spend on the obama administration and how bad it has been for the oil industry. over the past 7.5 years, this thenistration has doubled oil industry. so what would've happened if you had a pro-industry president in office? carol: and in the issue, many photo spreads. guest: we shot almost everybody featured in the magazine, i think, 1% of people do not end up shooting because they were getting married. david: good excuse. guest: almost everybody agreed to be shot. >> it ended up being i think six

photographers around the world, the main photographer who we have worked with quite a bit, shot the bulk of it. he was traveling every single peopleshoot these involved. carol: talk to us about the delta ceo, you guys were in the delta museum. >> yes, that was one of the first ones we shop. photographer, the who did the bulk of it, went there the day before and scouted and said, there is this great airplane. i do not know if it will work or if it will feel cheesy and ed was so lively and accommodating. and so energetic, that we ended up getting great pictures with him. he was talking in front of the plane and it is one of my

favorites from the portfolio and it set the tone for the rest of it. carol: up next, talking about the changing job market. david: and the next big poker game. ♪

♪ carol: what them back to "bloomberg businessweek." david: you can hear us on the channeltenna 119 -- on 119. and a.m. 960 in the bay area. carol: in this issue, talking about the economy adapting to a changing labor market. >> this is an interesting case, because this is one of the first companies that employed on demand work.

and they have stuck with the idea of booking workers of all kinds and it has made a difference for the companies that have taken the model and applied it later to specific work, like uber with driving and handy with housecleaning. and task rabbit was one of the first and has remained broad. david: that is something that you talked about with her, the breath of the company. what did she say to running this company? is a blessing and a curse, something that has helped them is that people look to it when they need to get something done so it is a multipurpose platform. but on the other hand, they think they have lost out on certain things. it was not always obvious on how this could fit into your life as a consumer. so she talked about the

advertising push and it has been focused on only a few categories, doing chores, deliveries, housework, and trying to help the consumer understand how it could fit into their lives. a ceo that many people have not heard of. who is he and how they should come to take on this role? she has an interesting back story. >> she grew up in detroit. and then she attended business school and ended up working in finance and investment banking. and she went and joined google. she worked in their finances division, in the company for nine years. she worked in india, not just the u.s. and when she decided to leave google, she said she wanted to look for somewhere that was smaller where she would have a chance to make a difference and as he was drawn to the task

rabbit mission. coo a few years ago and work very closely with the founder. and now they have made the switch, where she is the ceo. david: she was the daughter of a single mother, african-american, something that you talked about, the importance for her on running a company where there is a representation of african-americans. already 12%h african-american, which is far and beyond what most tech startups are like in silicon valley. and that is not enough, she wants it to be more representative of the population at large. she says one of the things that makes it easier for her company to recruit african americans, is that she is a black woman and as --eo machine has a visible

ceo, she has a visible role. and she talked about her authentic self at work. it is hard to pin down what makes the company able to do that, but it is a unique thing in silicon valley. with: also, a conversation roger snow. >> it is basically like "texas hold 'em", but it takes a lot of the decisions, basically it is a simplified version of the game. so those who are not masters of poker can get good at it. they take poker, there is one million directions you can go with it and these games trim it down to a couple of decisions. david: how did roger snow get into poker and come to believe that there was potential for widespread commercialization of the game? >> he had a short stint as a

journalist. [laughter] and he moved to las vegas, kind of like a lot of people do, hoping to make his fortune. and he got a low level job, these analysts that work at casinos, looking at the books. and he noticed that the casino was pain -- paying to rent games. and he said, what is this? and he got curious about how to advance the games and -- invent the games and how to make them. david: what makes a good game? what makes a game that people want to get good at? >> there are different philosophies, he believes in a couple of things. one is the idea of volatility. so basically, some people think the key to a game is simplicity,

you want to give people a chance to make money easily. he does not think that is the only case. there is a certain kind of dopamine hit that they are trying to get through the process. games that allow you to change your position quickly, so if you are behind, they allow you to catch up quickly, or you can press your advantage. he talks about volatility and he tries to build that into the games. and he also talks about intricacy, so games where certain decisions lead to other decisions. so you do not want things to be too simple or too easy, you want the sense that you can master something. you do not want it to be too hard. you want to be able to get better at something. mega-moneyext, the going into broadway. david: and mtv dusting off the classics for the next generation.

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♪ carol: welcome back to "bloomberg businessweek." in the industry session, mkv decides -- mtv decides to relieve the good old days -- relive the good old days. series like,full date my mom, these are clips from awards shows. interviews of celebrities, anything that has appeared on mtv or happened behind the scenes during the taping of something is in the vault. and mtv has spent the past few years going through and deciding what they want to keep and what

in particular is a high profile footage that they want to digitize and make it so they can search and pull up any time for any show, like snapchat or youtube and so forth. david: so this is mtv classic, so what will that be? a place to show the old episodes of beavis and butthead, or will it be a highly programmed channel for people to watch? >> it will be a primarily classic footage channel, all of that with trl and darya. i think they will try to come up with some fresh programming, so it is not purely nostalgia. there will be licensing of other people and tv shows from that same time, but they are focusing on the stretch of the 90's and maybe some 1980's and to thousands -- 2000's.

this is a small step in the utilization of the ball. about it 1.5 out years ago and ever since then, mtv said we have to wait and we cannot do the story yet. and i would reach out and say, can we do this, please? i remember there was a clip of eminem from total request live, one of his first appearances, and i knew that had to be from the vault. now all of that footage is being repurposed for the pilot episode , which could air on mtv, which would be going back through the year that a particular artist rose to fame. 1998.gine eminem in carol: and looking at how broadway has changed over the last six years. >> we wanted to find somebody in

the world of the arts. we have a couple of those on the -- butom a but there was there was an idea for pioneers. there are some people that have been doing things a long time and are still working. we got about a couple of people in the theater world, specifically because broadway has been at the top of people's minds with hamilton, and it is a business. what we see is really the courts of the business-- quirks of the prices. we have the original cast in a, but then the tony winners are leaving. so we look at andrew lloyd webber. and -- was another one, working on the biggest ones. and how prince, that one worked out.

the other one, the timing did not work out. but jim and i are huge theater fans and we got that peter would be the way to go. david: he is a pioneer, fresher. you talk to him about how he got started in theater. he takes an unpaid internship. how did he get started? >> he stumbled into it. somebody said, maybe george abbott is looking for somebody. he was one of the most successful producers on broadway and he was doing musicals, which did not thinkce he wanted to do. with avery smart, he was high-minded idea that he would be doing theater. and it was an opening into a world of musical theater and a successful musical theater. so that opens up a world for harold prince and a defined the

path that he would go on. and he came back later on, whether he was directing or producing, to really go after something that was challenging that was surprising, that had taste. he uses that word a lot. taste is important. that was interesting to hear him say. and groundbreaking. david: did he have a vision of what he wanted musicals to become? maybe a lot of them did not have the taste he was looking for. did he have a vision of where they could be? >> he wanted a story. you do not need just a bunch of songs strung together, but he wanted a message, it could be about love. a lot of the musicals and productions he has worked on are at the core, love stories. there could be a political message. cabaret has that with the rise of socialism and what was happening in germany. so i think he looks for stories

and it is not just, here is a person who knows how to write a great tune, and it is catchy and if we connect it to other good tunes, there is a show. carol: bloomberg businessweek is available on the newsstands now. david: what is your favorite story this week? the story on mtv, going back to the vault and the old footage and bring it back for another generation to watch. it is a whole undertaking. david: i really liked the interview with mark weinberger, the ceo of ey. the big consulting company. carol: the mental and yields -- the millennials. david: yes. a huge percentage of the workforce is very young. great storiess of and interviews. see you next week.

♪

♪ coming up, the stories that have shaped the week in business around the world. the bank of england setting a post brexit direction while japan has another fiscal aero -- >> the shakespearean tragedy of abe. number, whatobs message will send the feds? >> what is not holding up is business investment. >> and all eyes on earnings this week. >> a great quarter across the board. >>