Skip to main content

tv   Bloomberg Best  Bloomberg  March 24, 2017 8:00pm-9:01pm EDT

8:00 pm
welcome to bloomberg businessweek. >> we are coming to you from inside the headquarters of new york. >> one day trader who loves wearing a wire for the fbi. gilbert's creator has strange and controversial beas -- viewpoint. >> the bad city records of auto parts makers in the american south. >> all of that adam bloomberg businessweek. we are here with the editor-in-chief, megan murphy. -- an economist
8:01 pm
was trying to shed light on the chinese economy. >> iran into trouble with the authorities in china back in 2012. he had done a study of this done measuring china's" to kobe gini coefficient. he found that it was much higher than a lot of the current -- economists had forecast. visited by several members of the administration of the time. what he is trying to do is do this complicated survey of china's wealth, particularly china's people's wealth. how much money to people have an livestock? how much in their personal residential, whether they have real estate, what their farms are like. where theren china is a huge mix between urban populated areas and a huge swath of the country very great and is complicated. peels back the layers of how do
8:02 pm
you actually go to conduct a survey like this, someone who is facing some opposition is looking at, look, we need to pare back and get the truth about what this might be. >>. about the remarks section, the story that focuses on president trump is either criticized or talked about dismantling a lot of different political, geopolitical institutions. the u.n. is one his criticized. will you take a look at it? this reporter's experience, what the article talks about, is the u.n. for? there's tremendous concern about donald trump, not just about the yuan, but foreign aid more generally. we should point out that this is not a topic that is unique to the u.s.. we've seen calls for this reduction in other countries, the united kingdom is what. which really delves into is is there an issue here with the fact that people who work for the u.n. and these war-torn
8:03 pm
countries, these incredibly difficult environments, impoverished environments, are traveling in four by force, living in apartments, dining the most expensive restaurants, and isre with some of the world disenfranchised impoverished people. their health to help them of course, but he says look, this is an institution has tried to stop reform, try to stop cutting and this is the moment when they will look. people of the projects do not have lasting, stable reform. the yuan would say this work is vital. if you look at emissions, where we have gone, we are in places where no one else is willing to be. there is truth of that, but there is no organization is because the u.n. that does not have some areas were people will look at. >>.
8:04 pm
but the cover story, it takes a look at the darker side of this. we are not talking about detroit, but on you -- auto manufacturing. >> it is a powerful story. it is difficult to talk about sometimes because it goes into this darker underside when we talk about manufactured -- bringing manufacturing to a man -- america -- bringing in manufacturing back to america. this story focuses on the emergence of auto manufacturers who have moved their plants and auto parts supply industry. some of theg -- safety concerns that have filed plants, which run much higher safety risk and of high greater incidence of interest and fatalities than their rivals and more union shops in michigan and other places. >> it is an illuminating look at the industry, and a human element to it as well. let's specifically talk about
8:05 pm
the auto parts industry. that is where my story focuses. it is the area where we have the most egregious worker safety and health issues. plants set up,o carmakers set up in the mid-late 90's, their ecosystem of suppliers follows them from places to -- korea, japan, ,ermany, other parts of europe and this out of her manufacturing industry flourished in alabama today -- there are more than 170 different auto-parts suppliers for these carmakers. the employer run 26,000 people. the is beautiful auto-parts, the largest manufacturing industry in alabama.
8:06 pm
assemblers, specifically kia found i and japanese companies, we squeeze their parts suppliers. they demand. high rates of productivity, they demand manufacturing on steroids. essentially, supplying the assembly line of the carmakers, which becomes directly over from these suppliers with no warehousing in between. that puts tremendous pressure on the other parts supply. pressureuts incredible on the workers who work in the factories. unions make rules, work with management to set work hours -- work our limitations. their active and safety and health. united auto workers has focused on nothing but safety in their own floors. they have enforced safety rules.
8:07 pm
that is a key point. that is where our story this week focuses in terms of safety and help. theres in these plants -- is a long litany of sad cases. in the article i say that it reads like an upton sink -- sinclair work, or even charles dickens. we had one individual, nathaniel walker, in his mid-20's working at a german company called wk w earp slope, a hard pronunciation. nathaniel was working the backline, claiming these tanks of acid where they would put metal parts to toughen them up with a coating. then it's to be cleaned out every saturday night. he was given in the beginning, 12 hours, even 24 hours to clean 25, 30 of these tanks. also, do whatever servicing was
8:08 pm
necessary. increased inty was this plants, they were given less and less time. a long story short, nathaniel would jump around on top of ventilation ducts, which were on the edges of these tanks, servicing one of them on one evening a few years ago. it was an empty one, but the one in back of him where he was perched between these two tanks was filled with acid. his hand slipped on the repair and he fell backwards into four feet of acid and was literally swimming, wallowing in this himselftil he righted and a call it washed them down. apparently they were killing his cotton t-shirt off of his skin like what tissue paper. he ended up spending four days in intensive care recovering. it is not an untypical story about the kind of things that
8:09 pm
happen in these plants. story is the job of rob fergus. >> we interviewed victims. we sent a photographer down to shoot some of them. one of the characters is rico. he lost his arm and one of these accidents. the photographer and him went , and wek a couple shots ended up with this one which was powerful. meon a first side it stopped . it catches your attention. how much discussion went into how are you going to tell this story in a cover image? as you said, it is brutal. i think in this case, if we did not have an operation it would've been impossible to do the story in the first place. the fact that we had -- operation certainly made it an easy decision.
8:10 pm
the way in which we shot that was documentary style. we were not trying to over editorialize it. still a strike -- striking because of what they lost. >> you are also shooting him without a shirt on. it shows where he lost a good portion of one of his arms. how comfortable were they with doing that? wass far as i knew he comfortable and cooperative. we have a lot of shots. he obviously wanted to tell the story. >> a new coalition fighting the white house. >> the political consulting her -- firm that helped get trump elected is trying to capitalize on its success. >> this is bloomberg businessweek. ♪
8:11 pm
8:12 pm
>> welcome back to bloomberg businessweek. i'm carol massar. >> and oliver renick. cambridge analytic us data
8:13 pm
models form the backbone of print -- president trump's campaign strategy. >> here's reporter david kochanski. >> cambridge was a late entry to the trump campaign. they got credit afterwards because there data analysts identified pockets in the rust belt where there were potentially persuadable trump voters in wisconsin, ohio, michigan. that's when the electoral college. their role was relatively small but important. pitch,ve a great sales they have this whole data analysis where they use people's social feeds and say they can build psychographics were they can tell people are's persuadable based on things that they tweet, like on facebook. this is the big program that they sell themselves on. they did not get a chance to do that in the campaign. they say they have done it elsewhere and have had a lot of success and have had a lot of success in doing things. the company also has a mixed history in terms of of other
8:14 pm
things head is worked on for different governments around the world. moving to started those were spoken. people wonder what he was doing. they have been involved in handful of other campaigns with a bearing degree of success. talk to us about where else they have gone. have worked all over the developing world, south america, the caribbean. some tactics they have used up the brag about our questionable and would wait -- with raised in american politics. a look at to get internal documents they used to sell their services. one of them the talked about how they incited racial tension and watch the a to get the moxie and nationalist vote. they blamed russians for economic problems. they usedd they said a fake graffiti campaign, where
8:15 pm
they had their operatives spray graffiti slogans all over the island. then their candidate started responding to those graffiti and said, i'm a man of the people and i'm listening to the youth. it was a complete set up. >> so they tossed him on alley-oop to dunk? >> there is a lot of talk about fake news and misinformation, a classic misinformation campaign. that's what's interesting about this company. where it has been most successful is doing intelligence societies using different things to measure and muslim countries were they are afraid of being radicalized. they measure, they do different -- they measure what is motivating people and what might help persuade people from being radicalized. some of those are helpful and have been effective, but some techniques they use are the dirty tricks that usually are the lore of campaign bios like way after a campaign happens,
8:16 pm
things that are questionable in u.s. politics. that struck me. it seems like their goal and the u.s. election was largely to work with the trump campaign to figure out where they needed to place their energies. if it seems like a passive role. anyou point out, they have active role in these other elections. thatve also gone beyond for they have identified deal with -- the u.s. government is something tourist hurts. tell us about who right now is -- who pays for their services. they have had a lot of successes. they worked for the u.s. state department. they were given a half $1 million contract to measure potentially radicalized youth different countries where they are afraid of isis. they are doing interviews, assessing people's social media feeds, trying to see what the
8:17 pm
issues that could potentially make someone go to work isis or find a less destructive way to act out their political beliefs. they have also been in other places where they have used fake information campaigns. i think that is where the concern is about military sign up. in some ways it is to persuade the public. a lot of times intelligence agencies as we are seeing every day, used fake news and propaganda. i think the question now is to he want our text dollars paying for a company which is used --has used questionable tactics elsewhere? the u.s. branch -- >> a group of state attorney general's have joined forces to resist trump conservative agenda. is withyou are seeing democrats outnumbered in congress, your real resistance
8:18 pm
becoming this coalition of progressive attorney general's that are unified basically against the trump agenda. they are on the offensive, they are suing, they've knocked two victories back to back on the travel ban attempts by the president. they are feeling like they have momentum and are looking forward to fighting on fronts from environmental regulation to repealing obamacare. >> take us back to the 101. as with follow trump's executive orders, something where the story is going. the pushback, we have been following the pushback. there are lawyers come attorney general's. walk us through who matters here and what is going on. >> february the ninth circuit, a three-judge panel in the ninth circuit ruled in favor of a suit that was put by washington state
8:19 pm
attorney general bob ferguson that was joined by a whole bunch of other ag's, that knocked down his first attempt at the travel ban. so that was discriminatory, plain and simple. the president rather than pushing and fighting the supreme court, took a step back, revised the travel ban, if you like -- weeks later put it forth again. it got met immediately with theher suit, this time by hawaii state attorney general who sued on the same front, calling it discriminatory. they won again a few hours before a set to go into effect on march 15. that was a temporary ban. those are 242 really. they have stymied the president. as much as the president has some self-inflicted wounds, think that is fair to say in the first two months of office, the victories that immigrants have been able to match against him have all come from these unified state attorney general's who are democrats.
8:20 pm
>> for stock about the democratic ag unification. there is a coordinated effort underway. he spelled that well in the story, where you can see that coordination at play last month. >> this was the annual meeting of all the state attorney generals in washington. republican and democrat in washington. the agenda is pretty boring, it did not really mention trump. ag's 10 or so democratic took that as an opportunity to meet privately on the sidelines out of earshot and i said of their republican colleagues to tactics andnd talk how they could coordinate, join each other's lawsuits. how new york and california could work together to find common ground. they are taking a page out of the republican playbook that was put to use. pretty effect -- this was used
8:21 pm
effectively can president obama. >> come alive is important to save cash. >> in the former wall street star developing something to help curb your appetite. >> this is bloomberg businessweek. ♪
8:22 pm
8:23 pm
welcome back to bloomberg
8:24 pm
businessweek, i am oliver renick. >> cap carol massar. you can loosen tillerson sirius xm and a.m. 11 30 in new york, and 1200 in boston, 90 91 fm in washington dc, and a m naik 60 in the day. >> and in london and asia. >> we focus on retirement section, while you may want to think twice before putting extra cash into your ira or 401(k). >> astrid hit off my student debt. i was celebrating, reading a book by a guy named tom anderson called the value of debt. he is somebody i talked with before. i was really surprised by the advice he was giving me in the book. and asked him about it. basically the takeaway i had was that i was doing it wrong. i was putting a lot of money into my retirement account instead of putting more of my money in cash.
8:25 pm
anderson's whole idea is that's we need liquidity as we move through our careers. as main argument, and what read about businessweek is so many people end up walking up the money. ,hey put their money and an ira instead of having the cash , when there is an emergency, paring -- getting in equity in their home, they're stuck. -- talk about is more but that liquidity. he does sort of throw off the base, accepted knowledge. where does he pushback, what is the common knowledge that people have been using, birdseed injects a new strain of thought? the counterargument is that a
8:26 pm
mortgage or 401(k)'s a forced savings advice, it forces us to save. a lot of people if they have money on the bank would spend it. do -- those people will always find a use for that. i think anderson is basically, that weterargument is have to force ourselves to act rationally and find a way to and put ithat money somewhere that will be available to us, but will not be tempted to spend it. becausewas interesting he says look, have a savings account if you don't and the matter how much you are putting into it but something in. even if it is five dollars, put something in to get into an early on that not be locked up. it is about having something secure, maybe not readily being accessed, but also not completely out of touch. >> is about a bounce pass. he is saying if you are making a certain session certain amount
8:27 pm
of money you should -- there is a certain amount of debt and savings in cash you should have. maybe there is a certain amount of -- definitely there is plenty of 401(k) and ira money you should have set aside as well. you do not want to overdo any of those. >> a new kind of computer program that can be used to build any kind of business. >> from a daydreamer turned into the fbi's most enthusiastic informer. >> this is bloomberg businessweek. ♪ show me academy of country music awards.
8:28 pm
8:29 pm
thank you so much for that down home welcome. show me female vocalist of the year. thank you so much. thank you so much acm's, i appreciate it. show me acm best moments. i could never have wished for, asked for and dreamt of anything more than this. catch your favorite moments from the acm awards and an exclusive encore performance by kelsea ballerini following the show on xfinity x1. the acm awards. live on sunday, april 2nd 8/7 central on cbs.
8:30 pm
welcome back to bloomberg businessweek. toptill ahead, america's diplomats go off the grid. of theious worldview creator of dilbert. >> that is still ahead on bloomberg businessweek. we're back with megan murphy to talk about more somewhat -- more must reads. " blockchain. it is not easy to understand but thes important and in markets section.
8:31 pm
tell us about why this is a markets. >> blockchain is one thing you have heard about and is always in the back of your mind. ons story really focuses syria, this part of blockchain. everybodychain and how has secured bitcoin by doing this numbers, every single transaction can be identified by numbers. for blockchain role, they developed a way that is more than just exchanging a currency. the currency is the motivator. can actually exchange contracts, computer programs, and it works, if the a's and b's density than the than 80 and it is still built into the blockchain. important in transformational as instead of just using this, it could be that businesses are looking for a way they can program large parts of their operations by changing these contracts for lack of a better word, between their own systems, other
8:32 pm
people's systems, and how much of it can automate or simplify and make more efficient there -- business. >> jpmorgan, airbus, they companies are involved. >> they are looking at it as ways for the next manifestation of blockchain. the story talks a bit about how this -- if there was hacked, they stole $60 million, there was an upper online and whether it is secure, whether they should be changing the back code on this. we are looking at blockchain ended becoming the real deal, the real thing, this is what the company is using four. >> in a different walk if you will, you'll take a look at this suppresshat is to sugar cravings. favorite,e of my unusual kirk's stories. this is a former big-time hedge fund guy, robert goldstein, worked for gotham capital. tell us the story, he thought he
8:33 pm
would eat one bite of a nestle crunch and eight more. [laughter] >> we have all been there. he thought, if there is a way to reset my appetite before i had done that and not be hungry for it, not crave the sugar, what would it have been like? he tracks his journey to find ways to suppress the case for sugar, making the case for sugar unpalatable. he admits he is talking about crave crush. what they actually do is make sugar taste bitter and unpalatable. whether that will be successful is interesting. we have the product downstairs. [laughter] but severaled it people have. it is fascinating, the amount of research, who he talked to, the science behind this product when it goes back to him eating seven more bytes of a nestle crunch than you wanted to. >>'s interesting how he applied principles from his investing background to this particular
8:34 pm
venture. let's talk about the features section, this amazing story fbit geithner teal and the cooperation. it seems like it would be a movie. what was your favorite part of this? >> its american hustle. my favorite part is at the beginning where this fbi informant who -- they want him to -- to crack down a pump and dump scheme. i love how it is written at the beginning. he is saying, they brought him, they went, they took him off the plane, got him a cheeseburger at a diner and said, you are two options. either can help us do this or go , and we will have to case to a prosecutor with a 90% success rate. [laughter] >> he says, let's roll. what is fascinating about the story, is why can't until is no ordinary informant. he gets addicted to the informant -- informing, developing his method. they talk about how at first she
8:35 pm
is really obvious about the fact that he is an informant, then he learns to hug his mark, all the techniques and tactics. he loves it. >> we have more from a reporter on him. >> traitor tipped me off last .ear to go look at this website there is a picture of a guy getting off a private jet that said he had blood running through his veins. someonesite was made by named guy genteel, and should give them a call. so i called him up, and first time we talked, he was so ready for a reporter to call. >> which is not normal right? a lot of calls are, what do want, what is going on. >> it was bizarre. he is like, i have a story for you, it is like the willful false treatments american hustle. pulled claims. the time, what is his role,
8:36 pm
he runs a stock trading platform what? he runs in the-traded tech company called, sure trader. what he said is that he had spent the fat -- past four years working undercover for the fbi running sting operations to catch traders. he had all this evidence, he said he had a falling out with the fbi, and he wanted to tell the whole story of what had happened, which is totally unusual. usually you never hear about informants on wall street, and how these cases work. andmain target was a lawyer adam got better. he specialized in taking small companies public. he had something called the got better public offering. he had been doing this for decades. i looked up all the companies that mentioned his name and regulatory filings. the stock charts all looked similar.
8:37 pm
dfp i spotted this pattern. .apital is careful this has been a great area. they needed this man on tape saying, i'm going to manipulate this stock. they cannot just get him on these patterns that they saw. >> did he have a relationship with genteel? the two and worked together on a deal that genteel was in trouble for back in 2008. originally the plan once, genteel would call got better to then bringo meet up, up this old deal and get them to say, yes, good thing we did not get arrested for that one, it was a big scam, or something like that. didn't work. got better was not playing ball on that. genteelant to work with in the future, so he started talking about other deals. genteel started trying to gain his trust.
8:38 pm
is, genteel love being an informant. he had all sorts of idea. he told the fbi i would need better gadgets, he said let's go after the sky. the ko's me money, let's get him. couple years transpired between going after got better. during that time genteel was busy, he had a string platform up, but he was spending time pointing out people he had worked with our new and bringing them to the fbi. >> he would talk with these agents every day and strategize targets. the newark office is not the southern district of new york, they are not always bringing the biggest cases. these agents did not have a ton of experience with these types of pump and dump type cases. he also brought them high frequency trading stuff. bringthe agents, he could them these cases and bring them into the big leagues of security front. >> next rex tillerson is
8:39 pm
rewriting the rules and what it means to be secretary of state. >> of the creator of dilbert rooted for donald trump. >> this is bloomberg businessweek. ♪
8:40 pm
8:41 pm
>> welcome back to bloomberg businessweek. >> the politics and policy section, new rules and standard in the new diplomacy of secretary of state rex tillerson. >> he is doing it completely differently than any other secretary of state. he is acting as he did as the ceo of exxon for 10 years. he is bringing a corporate mentality to the job, to diplomacy, where everything closed doors, negotiations are sacred. the press has no utility, they are to become out rather than used as a messaging tool.
8:42 pm
that cuts a special -- especially when compared to his predecessor john kerry, a writer -- who never met a camera he didn't like. made some reference to john kerry in soccer, which may make google it. i saw pictures of him on the tarmac. john kerry was gregarious and love the press and apparently had a habit of kicking around a soccer ball at whatever airport he found himself with, with the press. ,illerson's spokesperson said the days of kicking around a soccer ball on a tarmac are over , read what every loan to that, but it speaks both -- billions about how tillerson and his slim staff see the job, versus their predecessor. that theory points out past state department's, or
8:43 pm
secretaries of state, has been part to boom at come and part public relations, getting the u.s. message out to the world. tillerson does not seem to want to do any of that. hand then count on one times he went outside their annual meeting when he was ceo of exxon. he did not give much press availability, he did not see utility in and did not do it. he is doing the same thing with the state department. this was his first big trip abroad. he went to japan, south korea, and china. he brought with him one reporter on the plane. there was a pool, but it was -- the reporters jobs to line up their own transport and follow him around. for a lot of the trip, they had no real sense of what he was up to, where he was, what was being than youbetter sense
8:44 pm
are i had watching tv. that is a market difference from john kerry or hillary or condoleezza rice or basically any secretary of state, or you travel with a pool, you keep them on the plane. sometimes you chat them up, usually off the record on background. no utility onsees that, he has a low, small footprint, he is a smaller plane. than the 757er that john kerry liked to fly around them. >> not a lot of room for other reporters? >> right. >> our profile of dilbert creator scott adams. >> putting his outlooks and habits. dilbert has been around now for almost three decades, and i think it was a staple of culture.
8:45 pm
he resurfaced during campaign is one of the first people to predict about donald would win the election. californias to go to and find out who is scott adams, what was his interest in the presidency, what is even up to? >> obviously dilbert was a huge comic strip, still published, it was very popular, around the tech boom when everybody could relate to it. what is he been doing now in addition to keeping the comic strip going? is a syndicated cartoonist that is guaranteed for life but he is gone beyond that. he has written business books, deborah themed books. out -- he is been into hypnosis. he saw trump as a fellow master
8:46 pm
started writing about him on an almost daily basis. >> who is he writing to and ultimately what is he writing about? >> he is ready to an ever-growing audience. when he started, he was getting tens of thousands, 12,000 tips a day on his website. these days he can get many as 450,000. read,an interesting because of the campaign was sayingsing, trump was some people were not statesmanlike, very offensive. austin scott adams thinks the opposite, that they were brilliant persuasion techniques, >> that trump was a political savant. it is interesting, whether or
8:47 pm
not you agree with what he is saying, or you disagree ultimately, his prediction, adams, but trump would win turned out to be true. >> he is very happy about that and he has a book deal now. he says his speaking engagements have dried up. he says from dilbert he was always getting speaking invitations on a weekly basis. now nobody wants them to speak. >> because of his protracted stances, he eventually endorsed trump. >> beckley. at first he said he was not nursing trump, although he did have a lot of disparaging posts about clinton, accusing her of all sorts of things including being an alcoholic. he did eventually endorsed trump, and even put up a list of things trump supporters could do to convert clinton supporters. he did not thought i should say. penned that towards the --
8:48 pm
he says the average citizen including him does not know enough about international affairs and economics and science, climate change included. he still feels the group is important -- voting is important enough that he wants to influence it. >> read about despairing honeybees? you're not alone, the answer might involve drones. >> for the iphone survive augmented reality? ♪
8:49 pm
8:50 pm
>> welcome back to bloomberg businessweek. you can catch us on the radio at sirius xm channel 419 and a.m. 11 30 in new york, and 1200 and boston, 90 91 fm in washington dc, and a m naik 60 dashcam 960 in the bay. >> and in london in asia.
8:51 pm
in the technology section of butterflies guys drone that could be just what mother nature ordered. as senior researcher at the national institute of advanced science technology in japan has developed jellies, he is in the business of conductive gels and liquids. a couple years ago they were trying to repurpose it as a means of pollinating flowers. concerned about the tech it's worth of devastation -- decades worth of devastation. is this a ceric it for bees, what is driving this? these drones this guy is a touching adhesive to the size of butterflies. to make themoal is autonomous enough that they cannot necessarily replace the
8:52 pm
become -- population but complemented. us about technology, these guys have cool photos. tell us something to come over the actual resident or adhesive fits into it. >> the drone is about the size of a butterfly. it looks like it to the moment. the researcher who is developing is to get togame the point where they are more autonomous. on a small patch on the underside of the drum. flower,rom flower to depositing the spawn grains. drone -- you guys combating technology
8:53 pm
as it has emerged. have you heard of anything like this, drones the small? >> no this is new. do we knowom >> where his funding comes from? if you getmost part the initial funding out of his own pocket. -- >> you basically have the resin here. do we know what was being applied before it? >> he was in the adhesive business for a while. when he started thinking about the be problem, one of the
8:54 pm
chelsea at already invented it something for picking up and releasing these pollen grains. sayinge ceo tim cook augmented reality can keep it up -- the company on top. they have several hundred people, may have -- they have made acquisitions, they are making this notice there technology. ,hey have talked about ai artificial intelligence, self driving cars. the air has been tim cook's focus. he mentioned it from financial .- a tech conference a year ago he has gone on a world tool are talking about this technology. put those parts look like? software,ardware, games and apps on your phone? >> i think it will be a mix of all of those things you
8:55 pm
mentioned. definitely glasses are in development. the thing with they are glasses is cap -- apple has to strike a balance. there are a glasses on the market right now, this can spark -- cost north of $1000, out of the normal consumer technology price range. an iphone starts at $700 for example. those are very powerful. tot to connect them to a pc get horsepower into them. on the other end of these cheaper versions of ar technologies. vr, it is samsung flimsy. you see google glass, $1500 for a beta program. flimsy. king -- this company that prides themselves on the design of their technology products wants to strike a balance. iswill make something that not very expensive but is also powerful and not flimsy. we'll see if they can pull that off. >> going back to tim cook, you note that tim cook lichens
8:56 pm
augmented reality to its game changing potential to that of a smartphone. he thinks this is a game changer for the company. this is important for apple, a company that gets the bulk of its earnings from the iphone. he is putting it on that level. >> thing about the iphone that made it unique is that it went beyond the phone. an ecosystem and created the app store. it lead to things like the apple watch and ipad. there are many products and services that the company makes the majority of its money from now that are all year solely -- here because of the iphone. he is looking at a are in the same way. it opens up the door for many things, it is not a c giller product. if you create a tablet is just a tablet. ar can use -- utilize software, create its own gaming ecosystem. made will be much content for apple and our products. on the others -- hardware side
8:57 pm
will see other products grow. a is going to the court to new generation of products and services just like the iphone when it was released in 2007. this created another decade all that ecosystem. >> bloomberg businessweek is available on newsstands now. >> and online at bloomberg.com. what story? >> the cover story was my favorite pet looked at auto parts manufacturers. seeing the growth of this ,ndustry, because of tax breaks it is been good for local economies but not workers. some are losing their lives, and tragic story. how that you? >> the story about the former daydreamer, the fbi informant. it is so funny, great story, sheds light on what goes on in wall street that we do not know about, integrate personal story
8:58 pm
-- and a great personal story. >> it will be a movie. >> bloomberg television starts right now. ♪
8:59 pm
9:00 pm
announcer: "brilliant ideas," powered by hyundai motors. >> ♪ i-d-e-a, ideas ♪ narrator: tate modern in the hearts of london. core is the turbine hall, the most challenging exhibition space in the world. each year, the procedures hyundai commission allows one artist to take on this vast space and make it their own. this year it is french artist philippe parreno. he is fa

83 Views

info Stream Only

Uploaded by TV Archive on