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. 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. we have carlos talking about how he would change the work week. unusual things. we have ringo starr on brexit, believe it or not. and it is sort of unexpected, a 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 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. ellen: she says, it is not just 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." 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. they took a big stake in hulu 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 theyaunched big hits like "the sopranos" and "sex in the city." the company he inherited was this massive media conglomerate, they had aol. they had time inc. magazine. 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 committee that is focused on the business of hollywood. hbo go, it is 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

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 at hbo? guest: i asked how the strategy has changed and he sees netflix 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? guest: he says that this is 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 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 sirius radio. this week's 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 company has pushed for, or are they looking at the pool of where people are coming from? guest: 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 a 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. they had lost a low-cost program. -- they have launched a low-cost program. 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 -- company. 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 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. delta does not cancel a lot 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 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 ultra low cost.

but at the same time, everybody is enjoying healthy profits these days. david: jill stein, up next. 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 all 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 said when i followed her to 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 of these crises we are facing in the country and the planet. carol: up next, marissa mayer on corporate motherhood. david: and elizabeth warren takes on donald trump. that is next.

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>> welcome to "bloomberg businessweek." i'm david gura. >> and i'm carol massar. the magazine's headquarters in new york city. >> donald trump's oil man, hamm. >> and mtv tries to make old new again. ahead, on "bloomberg businessweek." ♪[music] >> here with the editor in chief, so many interviews in this issue. marissa meyer,h head of yahoo.

conversationg about sort of how she got to yahoo. she was at google beforehand and talks about the challenges of being at that company in its early stages. >> she talked about going to wanted to bee she part of the decision making. and google was young. she wouldew that be -- she talks about how its founders only the year before roller blading on the campus of stanford and how there.e learned and for a really long time, she would do at least one week, work 130 hours a week, which is kind of a lot. know, basically how exciting it was. talkhen she goes on to about what it was like to be working at yahoo during the last it was for sale or wasn't for sale and so much was going on. talking about parenting too, because she had kids through all of this. it wasn't always easy. had twins right around the time that they were

thereg bids for yahoo and were decisions on big tax issues and whether they could spin off the company. >> verizon calling. mean, she says that she really was the busiest person on the planet. someone actually said that to her, and that she really was, because she had twins at the same time. personally could only handle one. and twins is really -- that's impressive. >> another busy woman that you write about, senator elizabeth warren. actually has something in common with donald trump. >> right. she talked about what she has in trump.with donald there are a number of things. tpp. and she wants tpp dead. and she was asked, do you really is?k it she said, i don't feel a pulse. adamant that tpp is dead. and what also comes across is going to keep her eye on hillary clinton and make sure that she follows through on

some of her promises. >> yeah. one of the things she reported that josh green asked her about role she sees herself playing with senator bernie sanders. shend she had to say that will be watching at all times. >> speaking of donald trump, that's another individual comes up in the magazine. charles hamm, well-known in the a bigdustry and also supporter of donald trump. >> definitely. very different from elizabeth warren. he talks about the oil industry and how he feels that the u.s. going to benefit from opec being weaker, which not everyone agrees with actually. he thinks opec will be weaker and that the increase in of the oilnce industry, on the u.s., because we're producing so much more here, is going to be one of the big patriotic events of the last few years, despite the fact that oil prices are now down and there are issues in that industry. and he is a big supporter of

trump. clear about that, in the interview. >> yeah. matt about that conversation. really is the 11th son of share croppers. grew up dirt poor. started his own business at the age of 20, basically out on his land man. you know, 50 years later, he is richest man in america, worth tens of billions of what thedepending on price of oil is. he is as self-made as they come anybodys responsible as for the shale revolution, especially up in north dakota. >> yes, this last week we saw oncenter a bear market again. what did he say to you about the way the low prices we've seen have affected his business? >> well, on the one hand, they have forced operators like continental to become more do more with less.

and at the same time, the are terrible. there's an issue that was already loaded with debt that needed higher prices than other parts of the world probably to that we'reit now skirting around $40. seems to be the case going forward, that these guys are still gonna have a lot of problems and what's interesting glutat this is a supply problem and he really wants to talk much more about the onus regulations that this government on operators like himself that keep them from tapping more oil. but in a way, that's the least their problems, the ability to tap more oil. >> you sat down with him in cleveland during the republican convention. for those of us who didn't see his speech, what did he have to thinks donaldhe trump would be the best person for that job? >> because he says basically get rid of all these onerous regulations that he plaim blames the obama

administration for putting on oil operators like himself and only trump will truly unleash the potential of u.s. energy. what's ironic, as much time as hamm and others spend railing against the obama administration how bad they've been for the american oil industry, over the past seven and a half years, industry hass doubled american oil production. so you wonder, you know, what is wanted that didn't happen? and how much more production gotten if you'd of a more classically kind republican pro-industry president in office? every interview in this issue is, of course, a photo spread. editor arielhoto brown. >> we shot almost everyone who is featured in the magazine. i think one person we didn't end up shooting because they were getting married the next -- >> good excuse. >> almost everyone agreed to be which was amazing. being sixd up

photographers around the world. a manin photographer, that we've worked with quite a bit, shot the bulk. two and ak there were half weeks where he was traveling every single day to shoot these people involved. >> tell us about the delta c.e.o. have loved -- because you were in the delta museum. >> yes. that was the first one we shot. and they suggested the delta museum. theree photographer went the same day, the photographer who did the bulk of the images, went there the day before and scouted. and he sort of said, there's this great place. i don't know if it's going to or if it's going to feel cheesy. and ed was so lively and so accommodating that -- >> the c.e.o. >> yes. he was so energetic that we ended up getting great images of him sort of gesturing and in front of the plane. and it's actually one of my the portfolio and

sort of set the tone for the rest of the images. changing job market. >> and the next big poker game, inventor of the texas hold 'em. ♪

>> welcome back to "bloomberg businessweek." i'm carol massar. >> i'm david gura. radio onear us on the sirius radio channel 119 and am 1130 in new york, and am 960 in the bay area. >> in this week's interview how the economy is adapting to a changing labor market. case,s an interesting because a they were one of the first companies to pioneer this demand work. and they always stuck with this

idea that you can look to task a place to book workers of all kinds. that has made it different from companies that have taken that model and applied it later to specific kinds of work, driving, handy for housecleaning and stuff like that. was sort of the first as well as, in some views, languished a little, trying to remain broad. >> you talked about the breadths the company's interest, all that it does. what did she have to say about the complex ties of running a company like that? >> she said it was both a blessing and a curse. helped isthat has people look to task rabbit as a way to get something done. i think theyhand, sometimes feel they've lost out platformsecified because it wasn't always obvious how task rabbit could fit into life as a consumer.

recently they've had a huge focused on push, only a few categories, doing chores, i think deliveries, housework. trying to help taskonsumer up understand how rabbit might fit into their life. >> she's a c.e.o. we haven't heard of. is she and how did she come to take on this role? >> she has a really interesting story. she was -- i think she grew up in detroit. and then eventually, you know, penn for business school. and ended up working both in investment banking and sort of finance. and then she felt the draw towards silicon valley and went google.ed she worked in the finances forsion, at the company nine years. she worked in india, not just in u.s. then when she decided to leave google, she told me she wanted that was a somewhere lot smaller, where she would have the chance to make a difference. really felt drawn to the

task rabbit mission. she joined several years ago as and worked very closely with the c.e.o. and now executives chair woman, now that they've made the switch. leah continues to be with the company but is no longer in a day-to-day operations role. in detroit,up daughter of a single mother, she's african-american. something you talked about is importance for her in running a company that has in its employees a representative amount of african-americans as you have in the general population. >> right. rabbit is both already 12% african-american, which is far and beyond what most tech companies and tech startups are like in the silicon valley. and that's not enough. 13% female, to be representative of the u.s. on populationlarge -- at large. she said one of the things that makes it easier for her company african-americans is that she is a black woman, as a c.e.o. it's a really visible role. also talked about building a work place where everyone feels

what she callsng selves at work.sestle it's pretty unique in silicon valley to be both at that place and wanting to go further. the conversation with inventor of ultimate texas hold 'em. >> well, it's basically like 'em, which is a game that's become very well-known, televisable. but it basically -- it's a very simplified version of the game. aren't these kind of masters at poker can sort of sit down and get pretty good at it in the course of an afternoon. a lot of these games -- poker, there's a million directions you go. these games basically like trim that down to a couple decisions. roger snowe get into poker and come to believe that more was the potential for widespread commercial appeal to the game? a short he actually had

stint as journalist. and moved out to vegas. kind of like a lot of you move hoping toas, sort of make his fortune in some vague way and got a low-level -- they have these jobs at casinos called analyst jobs, sort of looking at the books, stuff like that. he noticed the casino he was working at was paying these sums of money every month to a to rent games. and he was like, what's this? why are we paying someone else games?se then he sort of got curious about how you invent these a goodsort of what makes game. >> let me ask you about that. i'm sure it's something you him.d about with what makes a game that sticks, that somebody is gonna want to want to want to play, get good at, want to try to make money at? are different philosophies. snowe believes in this idea of volatility. so basically -- you know, some people think that the key to a game is simplicity. you want to give people the

chance to make money pretty easily. found that's not exactly the case. people aren't looking just to make money. kind of liketain dopamine hit they're trying to get through this process. youames that basically how to sort of change your position pretty quickly. so if you're behind, they allow quickly.tch up pretty if you're ahead, you can press your advantage. that's what people tend to enjoy. volatility.about he tries to build that into his games. talks about intri cassies. so -- intricacies. where certain decisions foreclose other decisions. you really don't want things to simple, too easy. you want there to be this sense that you can sort of master something. you want to be able to kind of get better at something. >> up next, theater legend on into brea.ey pouring >> plus, mtv dusts off its classics for the next generation. ♪

>> welcome back to show. i'm carol massar. >> and i'm david gura. mtv decides to relive its good old day. shaw about to lucas mtv classic. >> the vault is a library of about two million different assets. these are, you know, full my mom.like date they are clips from award shows, mtv movie awards. they are interviews of celebrities, pretty much anything that has appeared on or that happened behind the scenes during the taping of inething on mtv is stored this vault. and mtv has spent the past few it,s going through all of deciding what they want to keep,

what they don't care about, and what in particular are the high-profile footage that they want to digitize and make it so search and pull it up anytime they want, for on.chat, youtube and so >> so the advent of this new what's, mtv classic, that going to be? is it going to be just a place to show old episodes or will it a highly programmed, curated channel for people to watch? >> it will be primarily classic footage like you say, old episodes of daria, old episodes of trl. i think they will try the different executives, to come up with fresh programming that will notg people in so it's purely a nostalgia play. they'll be licensing other people's movies and t.v. shows from that same period. but they're really focusing on the 90's andof maybe some of the 80's that was mtv's heyday. that's really just the

changeover -- it's a small step broader utilization of the vault. i first found out about the plans while sitting with an executive at viacom a year and a half ago. ever since that, mtv said we have to wait. we can't do the story yet. every time i'd see a clip, i'd reach out to mtv and say, hey, can we do this, please? onemember sitting, going eminem., a clip of and i knew that had to be at the vault. they said someone, please wait. now all that eminem footage is for the piloted episode, which might air on mtv, if it gets picked up, which through theng back year that a particular artist rose to fame. eminem.t is of so imagine, that's eminem in '98, '99. issue, a q&aerview with hal prince on how broadway fewchanged in the last years.

>> we wanted to find somebody in the world of the arts. i think we have a couple of the list right now. but there was an idea early on that jim ellis had to do pioneers, that as much as we're trying for various age groups, there are some people who have been doing things a long time and are still working. we thought about a couple of the theater world, specifically because broadway has been very top of mind for people with -- and it is a business, you know. what we see with that really are just the quirks of the business too. smash success, prices being what the original cast is in it. now we have these reports about what's happening to the ticket posts,nd to the scalping like the tony winners. so we were like, it would be get somebody on broadway. lloyd weber.andrew hal prince was another one of .hem, and hal prince, they just -- worked out, whereas the

other one, the timing just didn't work out. jim and i are both huge theater fans. thought theater would be the way to to. >> you begin with talking about he got started in theater. he essentially takes an unpaid internship. >> he just stumbled into it. somebody had said, oh, you go see george abbott, he's making looking for somebody. he was doing musicals, which hal think he wanted to do. he's very erudite, smart. people are, of course, in the theater world but he had this very kind of high-minded idea that he was do "theatre" and it was really this opening into a world of musical theater and thatssful musical theater george abbott was doing. so that opened up that world for defined, iand really think, the path he was going to

go on. but he came back later on when the termsting himself, whether directing or producing, to really going after challenging,t was that was surprising, that had pace. lot,ed that word with me a like, you know, taste is important. and so that was interesting, to him say. and groundbreaking. >> did he have a vision for what musicals to become? you mentioned that maybe he didn't think a lot of them were good. did he have a vision for what he thought a musical could be? >> sure. be a real story. didn't need to just be a bunch of songs strung together to make feel good. but there should be a story there and even a message. message could be about love ultimately. a lot of the musicals and the productions that he's worked on the core love stories. there could be a political message. certainly hasret that in terms of the rise of socialism and what was happening germany. so i think that he looks for

stories in that. not just, well, here's a person who knows how to write catchy tune and it's a toon and if we connect it to ten catchy tunes, we have a show. available oneek is newsstands now. >> there are so many great stories., but i did like the story on mtv, how they've kind of gone literally back to the vault to the old footage. they had to digitize all of it. been a whole undertaking to do this. >> i really like's jim's mark weinberger, accountancy, big consulting company. >> millennials. lot of looking to hire a millennial workers. an amazing percentage of his very young. >> all right. lots of great stories, lots of great interviews. see you next week!

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