♪ carol: welcome to bloomberg businessweek, i'm carol massar. oliver: and i'm oliver renick. him today's nba stars are looking to score in that appeared rex -- carol: while donald trump is busy in the white house, his sons are running the white house a lot like dad. oliver: all that ahead on bloomberg businessweek. ♪

carol: we are here at the editor in chief megan murphy. take a look at some of the states as he has taken against democracy, donald trump. can democracy survive? guest: we have moved into a new level with the president in terms of rhetoric. we have always had the attacks on immediate and establishment in the wake of charlottesville and some of the racial which used. we are seeing some explicit stuff on apartheid and seeing how far the damage can go and what are the experiences of other countries and what we are taking a look at. things may seem in a nonpolitical way, that in a sense of traditional establishment edifices being ripped down. if you look at expenses of other countries whether it is the philippines or hungry under similar style of leadership, in some cases, those same establishments have now thrived.

carol: we do see cycles in terms of leaders coming in at pushing back on the establishment. guest: it's interesting because people reach for parallels with trump and one of the things i talk about is how the u.s. relatively late in this way of getting authoritarian style populace. we have had big or bond and hungry, all of whom are similar in their own way. looking at those experiences, whether it's the media or big business or governing process in itself, looking at how they met this trajectory and help the citizenship responded is instructive. carol: from politics to sports, the cover story this week takes a look at the golden state or ears and members of the team are becoming capitalists. guest: i love this story. it's nice to uncover a corner of the world right now where things that are surprising are happening and this merger between tact and sport and this talks about household names, steph curry, and others leading

this push it to venture funding and talking about how athletes usually invest in car dealerships, restaurants, sponsorship deals. this is looking at houston curry has a stake in pinterest and what they are doing and how they are being advised and looking at their longevity as investors, as entrepreneurs as opposed to just athletes. it is fascinating. ira: ecb stories about different athletes starting up in a startup. i happened to meet one of the main characters here who works with hundred iguodala of the golden state warriors and has basically been his fixer in the valley at navigating this world. he has an interest in tech and is an angel investor of his own. >> how did it come to be, this

relationship? >> in this case, he was signed by the warriors and was eager to go there. he was happy to get the offer because he wanted that proximity and the team is owned by joe lake up and a bunch of silicon valley big shots. so he had already been investing in stock from the outside and he wanted to figure out how to get in on the early stage on private companies. one of the first connections he made was rudy klein thomas, his business partner in all this, just sent a letter and said, we would like to meet you. >> and they said, come on over? >> they play in a pickup basketball game in the valley together and he said he had never heard of them. let's find out. he basically realized he was serious and that he wanted to

learn this and he was sincere and he knew what he was doing and basically from their he started sending portfolio companies to meet with iguodala and recline thomas and see if there was a connection they can make. a lot of them they did invest in, others are not in the portfolio as well. they have 25 companies they are in now. >> how unusual is it for athletes to get so involved where they are screening the company as opposed to going to venture capitalists and saying, this is a chunk of money. >> a lot of athletes and outlook tell you, we will talk to steph curry, they don't what this to be something they are passive in. they want to understand what is going on. they can't do day-to-day, so they have someone who is doing the day-to-day, but they bring them in on a lot of key decisions so they are taking

part in learning. there are models where fun to funds. former athletes will be a limited partner, someone who get the money, breeze it to the big funds and invest that way, but that still allows for introductions to happen so they can build relationships. >> let's get a star athlete be the face of our business. >> it's not. and that is something they have been working out together. the hollywood model is representation. you have an agent, you attach your face and your name to a brand, a consumer brand. for a while i was told, agents were coming to the valley with that mindset of coming give us money to invest in your tech company. that is not how it works with an early stage company. they are raising money and not trying to make a consumer product and sell it.

the are trying to come up with some innovation that changes the way we do whatever thing it is. they are looking for investors. sometimes it works out saudi investors can help and draw attention they are not looking to pay people money for their face. carol: putting business week together is a team game and rob vargas led the team that put together this week's nba cover. >> we managed to get them altogether. they were all at a bloomberg conference so we sent a photographer and steph curry stepped in for two minutes. we got good shots. we went through them and picked what we felt was the best one. carol: can you play around with them or move them around? >> we did one move. this player, andre iguodala standing close to the investors, their faces were grazing some desk grazing, -- grazing, so they had to separate them by a millimeter. carol: it kind of represents the relationship. >> it really is a great deal. we thought it made the cover

stronger to have more people on it. oliver: i do like the way it is arranged because the investor is in the middle. we are used to seeing the guys to the left and right, but now they have taken a backseat. >> exactly and he has a businesslike face on. oliver: up next, drugmaker teva is finding hard to replace their ceo. carol: poppies and sounds of the future may be coming from korea with a big boost from youtube. ♪

♪ carol: welcome back to bloomberg businessweek, i'm carol massar. oliver: i'm oliver renick. you can also test this online on bloomberg businessweek.com. carol: and on our mobile app. korea has always been an influential exporter of smart phones. you don't think of korea as an exporter of culture. oliver: that is changing with the explosion of the $5 billion global korean pop music industry.

kpop bank kapok -- guest: is korea's brand of pop music. carol: it is as simple as that. guest: left come up but you have to see how people to into youtube, the premier platform for this. it is not just music. you have to see the videos and the acts. it's like saying, you were going to see some of the heavy metal bands and you only listen to the music. it is wrapped up as a one thing, the performance. carol: it is like an event and i did go online on youtube and watched a couple videos and when you talk about youtube, people are watching these, millions. guest: some of the biggest artists have more views than some of the top western pop stars like lady gaga or beyonce. carol: i have to say, i also came across congo style -- gangham style.

guest: i remember that. that was sort of went it went global. the genre has been around since the mid-1990's, but that video was the first to get one million -- one billion views. it had these courses that went back-and-forth and forth between english and korean and had a distinctive dance that everyone learned. psy, the guy who sang the song, earned himself a spot on ellen degeneres. people started to think, what is this? in china, they had began to tune in to k-pop. you have other genres like canto

pop. korean pop has emerged as the dominant one. carol: it has really taken off. it has been around for a while. you have music streaming services dedicated to it. guest: billboard magazine has a dedicated columnist for it. in china, it is one of the biggest channels there are. and spotify and apple music. carol: where is the momentum coming? the or corporate entities driving it? guest: there is one corporate entity that stands out, a company bigger than mtv. it is an entertainment company that represents some of the biggest acts like big bang. then they put on two dozen tv channels, one is the mtv of asia, puts on his his biggest awards show every year, and they started to do this convention around the world including

places like abu dhabi, harris, and this year, newark and l.a. for the second time, l.a. is here. there are others. everybody writes the coattails of this, samsung features musicians in their heads. chanel -- their ads. chanel picked big bang to advertise a new handbag and amazon and at&t are sponsors of k-kon. clerks teva is the largest manufacturer of generic drugs. collects -- bama carol: devin leonard on tennis resurgence struggle. guest: you probably have pills in your medical cabinet that you don't know because they are generic. carol: you write four or five different ceo's, what is the problem with the company? guest: the problem is

that one of the things people did when they were ceo was that he wanted to make sure that company remained israel he, that the ceo lived in israel, that the majority lived in israel. those things were bank into the company's bylaws while he was there. . that has been a problem since then because they have become so big and even so much bigger than when he was ceo and he stepped out in 2002. you need somebody who has the experience of running a global pharmaceutical company to come in there and run it. it is the world's drug manufacturer. it is not a small operation. finding someone like that in israel is tough. what they have done is not in people who did not have any experience in the industry in the hopes they would be able to learn on the job and that has not worked.

the last ceo, and they have been without one for six months, the last one who resigned in february, worked for a food exporter and exported hummus. carol: not drug business. guest: know, and he also worked for a chemical company. no pharmaceutical experience and it has been a disaster. they are trying to find somebody now. that person was still have to move to israel under the bylaws. the company said, we don't think it will be a problem. along with the fact that the company has some a problems now that someone to fix it now is a tall order. carol: investors have bailed on this company. guest: in a big way. the deal was announced in july. it was july, 2015, the sox are down three quarters. it peaked at something at 72, 70

three cents a share and now it is down in the teens. carol: $72. guest: $72, yes i'm sorry. they are starting to lay people off. they haven't done that yet. they also have to sell off assets to pay off the debt and one of the things that spooked investors and lead to a selloff this month, the company said, with a we will be able to sell off $2 billion in assets and we don't think that wiltshire powered that. -- that will trip our debt assets. that is something the company is not bringing in somebody new. that is a problem, too. the still seemed to be improving, they seem to be getting worse. carol: and data monitoring help contain the opioid crisis? oliver: mike pence is as calm as donald trump is chaotic. bringing the vice presidents more power in a while swing. -- wild west wing. ♪

♪ oliver: welcome back to bloomberg businessweek, i'm oliver renick. carol: i'm carol massar. you can also listen to us on the radio and on a.m. 11 three of in new york, am 1330, and fm in boston, 91 fm in washington, d.c. and a m naik 60 in the bay area. oliver: and in london and asia on a bloomberg radio plus at. in the technology section, as the u.s. opioid crisis deepens, there is no prescription drug companies monitoring programs. carol: a company that has secured records in 40 states, here is reporter jeff green. guest: it was a company off the radar. i asked a bunch of states how they are dealing with tracking

prescriptions and they started mentioning the same company. i looked it up and they are in 40 some states now basically handing -- handling the coronation of prescription information. if you are going to the doctor and being prescribed opioid or oxycontin, the doctor will look that up and make sure that you haven't had seven or 10 prescriptions before this. if you look it up, you will look it up on one of the systems. they are off the radar. it is a privately run company out of louisville, kentucky building slowly over the years with this expertise in health and safety data. carol: anybody who gets a prescription needs 40 states, that data will be put into this database? guest: anybody that goes to a doctor and get a prescription for opioid and 49 states and two territories having that information added into the database.

if you are going in and having a class 1-5 drug, once regulated by the government, those are going into the database. if you get oxycontin, in most states except missouri, you are on to be in a database as having been prescribed that each and every time. carol: they find out the patient has had a lot of discussions written for them, what might the doctor do? guest: maybe have a discussion with the patient to find out what is going on. the interesting thing is, in many cases, have the times the doctor is not looking because they find the system too complicated. in the past, that has been a problem. the specialty is simplifying what it takes to look up the drug history of a patient. carol: you talk about in your story the opioid crisis, which has been in headlines for a couple years now. incredible amounts of debt and cost to the economy, people are trying to look at people to put an end to this.

this company can help. guest: the data interconnected becomes easier. the first thing they did was connected the states to each other so that if you are in one state, you can make sure the person hasn't been slipping over the border into another state to get actions. -- get prescriptions. rather than trying to eyeball it and say, this person looks ok, this person doesn't, it gives you escort from 0-999. if you get a 999, you probably want to check that patient out and if you get a zero, you might want to ask a few questions to make sure they know what they are getting themselves into because they are more addictive than people think. carol: for the politics section, mike pence manages to radiate calm professionalism. oliver: that is why many say he

was put on the ticket to begin with. but he might be more than a political prop. guest: he has been to a dozen countries overseas speaking professionally, acting the part, reassuring our allies, who are nervous about some of the things trump is saying on trade, especially on north korea. he has taken a big role in the afghanistan military strategy reevaluation that we saw the other night. and he is also a crucial conduit to congress for the white house. his staff has relationships and so does he with republicans in congress that nobody else in the west wing has and that will be important as we head into september and start having to talk about budget showdown and debt ceiling. carol: let's break down some of those hearts where mike pence is actively doing work for the president.

let's talk about the news we got from the resident about military strategy in afghanistan. he talked about mike pence was active in playing that out. how active? he has got a lot of voices, a lot of military voices. where was mike pence in the pecking order on that? matt: he was right in the middle of it. what her reporting indicating was that he was an intermediary role and making sure all the options that were being presented by the generals were presented to the president and we were not necessarily in the room obviously in some of these situations, but he played a vital role in a two-hour meeting at camp david before the monday announcement of the strategy that trump unveiled. it seems his role in afghanistan was to be a liaison and to collect the information and present it to the president and

to be almost some who could mediate back-and-forth -- almost someone who could mediate back-and-forth with the president and say what he thinks is about idea and the generals who are invested in this and we have been in his war for 15 years now, so these are options we have seen before. it was pence's job to mediate with the president. carol: you mentioned him saying it's not about idea or talking about his views. is that true in the case of president trump? matt: that is a great question after the rally in phoenix, which mike pence was present for. he stood up and gave a benign introduction and give us the impression this would be a different kind of speech than what we ended up getting from the president.

we had some reporting he was in bonus heiress the day -- when this heiress -- buenos aires that day. he was out there giving policy speeches meeting with the president, acting and looking presidential. then he sat and watched the president give this unhinged, combative press conference. he took it in stride and moved on. that is his style. he is unemotional, a professional politician and all the ways donald trump is not and i think he is able to take

whatever moral or ethical or personal quibbles he has with what the president says and thinks about the politics of it and how he is going to answer questions and move on. carol: costco is thriving, but online is lacking. white they need to up their e-commerce game. this is bloomberg. ♪

♪ oliver: i'm oliver renick. carol: and i'm carol massar. oliver: how the new generation of trump's are taking command of the family business. carol: the holiest of holy grail watches going up for auction. oliver: all that still ahead here on bloomberg businessweek. ♪ carol: there are some innate more must reads in this position of bloomberg businessweek.

we are back with megan murphy. in the business section, cosco, what it's doing in terms of how my strategy, they have been doing it for some time but it has been casual. megan: one of the fascinating things is costco started its presence in the 98 when amazon was founded and getting bigger and exporting a new way of online shopping and cosco is somewhat we know is a big-box retailer that we like to go in for 30 cokes and a printer and a tub of mayonnaise. they continue to outpace some of their rivals. they blow past expectations including this quarter. their online strategy has not diversified as much. they offered more products and offer a similar subscription model with people walking into stores, but it has not formed a

huge component of the strategy. carol: oliver: the company might -- carol: the company might argue that it's not broken. megan: it is fundamentally reshaping in the wholesale of whole foods and amazon. it has always been the last mile, getting people into by perishable goods, produce, food, people traditionally like to go in and feel for smaller grocery items. this market is being disrupted. carol: is it the case of getting and by buying another company? megan: the walmart comparison is one they would probably look to as well. they know how in terms of people and their expertise. they note this is the next competitive future. cosco is likely going to have to bring in that expertise and the

bigger vision of how to mobilize this as the market is disrupted. carol: let's go to the finance section. what a difference a few years makes in terms of what street bankers. what is more important? cutting taxes or reducing deficits? megan: i always knew that when you talk to any rich person, let alone a wall street banker, the number one thing is tax reduction. they might collect tax reform, but we are looking at tax reduction. people think their personal taxation is too high but the corporate levels of taxation is way out of wack with the rest of the world and they are right. we have accommodated tech system -- a competent tax system in

this country where rates are high and loopholes are used for different companies and sectors. we need to make that more competitive. it is something we have bipartisan agreement on. but how are you going to pay for making those cuts? that's where issues of balancing the budget comes in. i don't hear about reducing the deficit anymore. carol: that used to be all they talked about. megan: it was the end of the world. people believed giving us comprehensive tax reform would really be giving a spur to american business growth, international is is growth, allowing manufacturers and other companies to invest in more job growth that it would actually get consumers after spending more and lead to a more robust economy. there are differing sides to that viewpoint as well. the issue whether we are shackling children to this deficit is something you don't hear much about anymore. carol: it is interesting to see the debate shifts. we caught up with a reporter that went to some wall street bankers. >> talk about the deficit when trump was elected and what you heard on wall street was

enthusiasm for tax cuts. on corporations and on rich people who need them. as well as middle-class tax cuts. the trump tax plan cost trillions of dollars according to a lot of estimates. guest: i have to say, i love this line that you wrote, wall street swerved to tax cut cheerleading. i love it. that's worth has annoyed some people. >> i talked to not just democrats, but republicans. the second half of that sentence is douglas hagan, who worked for george w. bush and he was john mccain's top economic adviser in two dozen eight for the

presidential campaign. he said, these bakers can only keep two things in their head at the same time. before it was deficits, now it is taxes. he is probably be a little glib, but it is true trump's tax plan, the one that was unveiled on the campaign trail went gary cohn and steven mnuchin a one-page outline, it cut taxes so dramatically, not only corporate tax rates, that individual tax rates, and then gets rid of things like altra minimum tax which viewers will never because that is how donald trump paid his taxes in 2005. it gets rid of the estate tax, attacks on multi-millionaire estates and gives tax holidays. this changes our state -- those changes are so steep. it says it could increase the deficit by trillions of dollars and that takes into account the growth that might happen in -- happen. carol: more companies having more money in their pockets and maybe more, that takes that into account, we still have a huge deficit.

guest: that's right. people i talked to were excited about tax cuts. they said, first of all it will grow the economy so much that it will not happen. we have seen that is the case. i think the same thing about ragan, but they will also say, even if it cost one chile dollars or to join dollars, it doesn't matter. -- costs $1 trillion or $2 trillion, it doesn't matter. five years ago, it was a different time. things were crazier. now the debt is bigger so $1 trillion to $2 trillion, there is a more political answer. this is not my opinion, this comes from the people i talk to. it might sound inconsistent.

screaming about deficits one-day consuming for tax cuts the next even if it might increase deficits, but what unites them is that when a democrat is in office, it is not really effective to ask for tax cuts. what you want to ask for is less spending. what's republicans that into office, that you can ask for tax cuts. what unites them is the idea that the government should not be huge and it is inefficient and that is what bankers main when they say fiscally conservative. oliver: we will unpack the challenges facing sufficient box startups. carol: rico could be the next top tax haven. -- puerto rico could be the next top tax haven. oliver: this is bloomberg businessweek. ♪

♪ oliver: i'm oliver renick. carol: on carol massar. oliver: stressant box starts like blue apron are learning a tough lesson. it is expensive to acquire new customers. carol: and it is challenge to keep them. >> there are about 2500 companies in the u.s. that sells these kinds of subscription boxes for which he sign up online and you put your credit card down every so often whether once a week or month or quarter or it quarter -- quarter. all caps of stuff. carol: you guys outlined how pricing on blue apron fox's and other sufficient -- blue apron boxes and other subsumption models are tricky. -- subscription models are tricky.

>> there are errant overhead costs like server bandwidth and that sort of thing. they don't have to deal with the headaches of buying or making fiscal products and shipping through the mail. at a certain point, it is not free money, but a lot more profitable for netflix to simply turn is service on or off for certain people as opposed to shipping date packs of meal kits or cosmetic kits or what else. we have found in the numbers, blue apron spending is conservatively spending $94,000 a customer to pick anybody up and that arson is perhaps spending an average of $57 on a given box and a quarter, about $200 and change a quarter. the cost continues to spike to innovate and come up with new meals.

carol: what about the ones that are successful like fox -- like birchbox? have a figured out the model -- have they figured out the model here? guest: temporarily. mostly by slashing costs. they renegotiated their shipping costs with suppliers and fortunately made a couple of rounds of substantial staff cuts. they were under major pressure from investors to focus on profitability in the short-term instead of the long term. carol: what is the future because we still see them, investor money is going toward them, whether it is food or music or consumer products? what is the outlook? guest: investor money has not dried up. it has been $600 million that is poured into the space, but you

can see a big drop from 2015 that investors are getting concerned about results. carol: in the finance section, puerto rico's fiscal problems are driving people off the island. oliver: there is a group of bankers moving in the opposite direction. we talked to reporter tom cap. -- tom metcalf. >> you have seen in international financial entity which has got a useful characteristic for some of their

clients where if you are a non-us person, you can effectively not be identified. carol: what does it allow not u.s. individuals to do? guest: it allows a government set up in 2012 that is a bank that works apart from put reagan's. we are based in puerto rico but they can't do business with puerto ricans and it is encouraging foreign investment and investors from the u.s. mainland. there is a battle to try and clamp down on tax avoidance and stuff. there is a loophole here, a few cracks between various structures and places and that is why the private bankers are starting to get interesting. carol: this was set out to do something good, bring in money to puerto rico. is it doing that? is it doing good? guest: it has definitely contracted legitimate operators. frederick and economy is in a hole right now, almost bankrupt.

you get some high paid individuals here and you have to bring in an office, four or more people working there. the idea of this trickle-down into the wider economy. there are brokers out there that say prices for the offices that trap of bankers are stable where is a lot of other stuff is tanking. that is a wider debate. carol: let's go back to the loophole, which is in question right now and causing people to take a look at what is going on. what is a loophole specifically? guest: for non-us person, what is coming in september is crs, if you have a foreign account, tell your taxman and it has to be told automatically write your bank. because puerto rico is part of the u.s., they are not under the umbrella of crs.

and the u.s. does reporting to something called factor. you have this amazing situation where crs is not over you. carol: they don't have to disclose who they are? guest: you want to invest through offshore corporations and that will be effectively concealed from crs and in terms of pirates, they won't know who the beneficial owner is. oliver: like father, like son, have a trump voice are running the family business. carol: one-of-a-kind watches have collectors around the world buzzing. oliver: this is bloomberg businessweek. ♪

♪ carol: welcome back to bloomberg businessweek, i'm carol massar. oliver: and i'm oliver renick. you can catch us on the radio. carol: and in london on the bloomberg radio plus app. in the futurist section, president trump handed up the family business to his two sons and they have been busy making deals. oliver: we talked about have a new generation of trumps is leading the business. >> we set out to understand what the trump organization is doing while our attention is focused elsewhere on the trump presidency and the tweets and the ins and outs of public policy and staffing at the white house. that is happening and the business is running. carol: we forget there is a huge trump empire.

we don't know how big. you look at what his two sons are up to, don junior and eric and they are running the business at this point. what have they been up to? guest: they are trying to extend the brand in the hotel business and specifically there was some attention to this, they were going to start to get on market brands -- two down market brands. trump is a five star hotel. have announced a four-star product called psion and a three-star hotel chain called american idea. we talked instead simply -- extensively with her of brothers who are the only american idea franchisees.

and the only psion franchisees. carol: the same be happy with working with the trump team. guest: very happy. they are delighted. they have gone from owning 17 hotels, comfort in, things of that size. certainly respectable operations. this alliance with trump family has made them local celebrities and beyond that, they say they are getting attention from investors in new york and it is all flattering for them. carol: to them, it is really exciting and they feel it is the cornerstone of their future success. guest: which makes a lot of sense. they are building in a place where trump's supporters are very strong and you can express that support for the trump

presidency and for all the things it represents by staying at this hotels. carol: the deals being done, they are extending the brand and doing licensing deals. this is what donald trump was doing before he became president. it was often about lending the name or selling the name, doing licensing deals. money upfront, maybe next -- maybe less risk. guest: for example, with this psion hotel, it is a big risk. they are sending $20 million on a hotel in rural mississippi. with the trump organization is providing is wisdom. intelligence about what might appeal. the brothers report to donald senior, told them saint grand and to the product -- project budget at $8 million and it is

now $20 million. oliver: in a persistence certain timepieces are known as lee grail watches, once in the senate collectors into a frenzy and bidding into the millions. carol: the holiest of holy grail watches is set for auction. >> the paul newman daytona rolex is coming up at philips auction house in october and this is a huge story in the watch industry critically for vintage watch collectors. this is known as a holy grail watch that comes along once in a lifetime that there will be a huge bidding war for because everybody wants to own this watch. carol: my husband mentioned it and i checked it out online. it is not going to happen. it is a special watch. it was a gift from his wife. >> paul newman made this rolex famous in the 1970's. it is called the rolex daytona and it is specifically for

racecar drivers because there is a dial that can help you go around the track and time it. very technical. he got one from his wife, join would, -- joanne woodward. he made this very famous. the group of watches became known as home them in daytona watches. this is actually paul newman's daytona. he had given it as a gift randomly to his daughter's boyfriend in 9084 just off his wrist as a token. -- in 1984 just off his wrist as a token. now he wants to give it all to charity. that is what it is up now. carol: i have no idea what the watch went for originally but i assume it is expected to go for a lot of money. guest: you never know. it can go as high as it can go. philips is saying at least $1

million it will go for. we talked to vintage collectors that say it will go up to $10 million. carol: who is likely to buy it? guest: there is a group of young vintage watch collectors that made their fortunes in tech or commodities and they are not necessarily all-american. they are global and they have been going around from auction to option, taking their watches with them in safes and spend millions of dollars on that. phillips is reaching out to its personal network of individuals but they are taking the watch on the road. because the story is so cool, even people who can't buy it to see it so they are doing events with greenwich and the ferrari dealership in seattle and working with banks to do events with their ceo's and underlings

to see the watch. they are trying to market this watch and hype it up. carol: bloomberg businessweek is available on newsstands now. oliver: and online and our mobile app. carol: i love the story about jeff green, a company collecting information on opioid descriptions trying to get to those patients who are being overs scribed. -- overprescribed. here is a private sector company tackling a national problem read -- problem. oliver: alex like the story about steph curry and andrea iguodala and the fact that even though they are at the top of their game in sports, the art looking at where to manage money. you hear these stories about great wealth and don't know how to preserve it. these guys are so popular and influential, young people look up to these guys and say, this is important and i need to manage my money. carol: they are actively

involved, too. oliver: more bloomberg television starts now. ♪

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