>> welcome to bloomberg businessweek. julia: we are inside the magazine headquarters in new york. ken jeff bezos, warren buffett, and jamie dimon create a new model for the u.s. health care system? marvel unleashes the black panther at the box office. julia: that is ahead on bloomberg businessweek. ♪ carol: we are here at the editor in chief's office -- a story that has fascinated else but

came out a couple weeks ago. a trifecta of well-known individuals. warren buffett, jeff bezos, and jamie dimon talking about fixing the health care system. >> the biggest guys around. the details about this remain hazy. what is going to be the solution in health care? how are they going to fix this? and what ceo can spearhead this initiative between amazon.com, berkshire hathaway, and jpmorgan. where we try to pick up the narrative is the reaction within the industry. the health care industry is like, amazon is at the door? julia: and it is not what we were expecting from amazon, a foray into health care. they are just tackling a situation with their individual companies. what does this mean for the individual players? the insurers, the middlemen?

>> all of this is a massive cocktail of what is happening in health care. why do prices keep getting higher and consumers feel like they are getting the shortest straw of all? the speculation is that there is middlemen. pharmacy benefit managers. there seems to be a focus that this triumvirate can bring there. julia: big pharma says it is not our problem. we are not mispricing the drugs. a lot of the money here gets creamed by the guys in the middle, the insurers and benefit managers. carol: i feel like when it comes to drug pricing, rice's don't -- it doesn't totally make sense. you talk about the drug companies setting pricing, then there's refunds that come into play. the relationship between big pharma, pbm's, it -- it has been a cozy relationship. >> it is very opaque. that's why this triumvirate is

cutting turbulence in the market. what they could bring to bear is, what if we just negotiated directly with pharmaceuticals? we don't know what is going to happen yet, but if you could do that, you would put a lot of downward pressure on a bunch of this opaque market proving to be a little too lucrative for some players. julia: in the middle, you have a u.s. administration talking about repealing and replacing obamacare, drug pricing. >> this will be an ongoing story that all of us will be watching. this is just the appetizer we want to give you. this story will be one we will be watching throughout the year. think of this as the appetizer. understand the players, and we will get to an entree soon enough. julia: what about the main course?

the u.s. cover and the asia cover, honing in on boeing. >> it is an amazing story. in part, because of what boeing has been able to do as a business. if you look at the dow, boeing has been the top-performing stock in the dow over the past year. carol: shareholders are happy. >> investors are ecstatic. how'd they do it? there is a lot of nuance to that. basically, everyone else in the world, except investors and employees, are, boeing is hurting us. julia: flexing some muscle. carol: let's go to the story. it is a story about the boeing ceo kind of driving everyone crazy except investors. >> we think we know boeing. they've been around for 100 years. in year 101, they've overtaken ge to become the largest and most powerful industrial company.

they have really started to shake up the marketplace in ways that we are just now exploring, and whose effects we ultimately don't know. julia: the old slogan used to be " working together." how far does it apply to them today? in any speech that you hear a senior executive give the , phrase comes up "compete to win." this is a company that seems unafraid to play hardball, to knock heads together. if people don't like the consequences, they don't seem to care. julia: how much of this has to do with the ceo? he has been around since 2015. you described him as turning unapologetically hard-nosed. think boeing has always

been a tough competitor. he is very driven personally. extremely charming in person, charismatic. again, he has a goal of turning boeing into a growing industrial -- making boeing a global industrial champion, into a 1990's era ge that everyone looked up to. his foot is on the gas. this is a company right now that seems determined not to let up. i think that in some regards, companies reflect their leaders. that might be true of what we are seeing at boeing today. julia: the share price has doubled since january last year, the best performer in the dow. investors clearly rewarding him -- investors rewarding them at this stage, they are happy. julie: absolutely. one of the things that is fascinating is that ge has imploded.

for shareholders who want large industrial stocks in their portfolio, boeing has sort of become the only game. i think that boeing has, in terms of their share price, benefited tremendously from the turmoil at ge. at the same time, it reflects the underlying strength of the business. they are very focused on trusted -- they are very focused on profitability, really shaking up the supplier community with some of the ways they have gone about gaining that profitability in their contracting. that is a very high level picture, with 1000 little details that made it come together. julia: the cost initiative that they are running out, partnering for success. critics have called this "pilfering from suppliers." give us a sense of what they are

doing and what they are achieving. it is creating date fundamental reshaping of boeing's business. julie: this started in 2012 , under the previous ceo. i think it was -- at that time, boeing was going through tremendous soul-searching. after the 787 dreamliner, that was enormously draining on the company. their early issues with that plane and the manufacturing problems that led to it being three years late. so i think the boeing took a look around them and said why are we -- like other large industrials, plodding along with single digits on operating margins when our suppliers are earning double or triple that? i

this sense that we have to put our needs and profitability first. carol: a design director put boeing on the cover of bloomberg businessweek. >> we have the ceo with this beaming smile. we coupled out with this face to give you the feeling bigger launching. julia: the sky is the limit. julie: it is a wonderful picture of him. he looks like he is in a good spot, happy. how many pictures do you take of a ceo when you are doing something like this? >> a lot of photos, as much time as they will give us. carol: do you change the backgrounds? >> you will see inside our feature, it's beautiful. julia: that's the big story, the big partnership, success and the pushback on supplies, you've been kind of cute with that with the plane in the background. it is a fundamental part of the

story. >> it places us in the environment it is pushing for. julia: why moscow is not talking about the hundreds of russian mercenaries killed in syria this month. carol: and the global ambition of wwe. julia: this is bloomberg businessweek. ♪

♪ carol: welcome back. julia: you can find us online at businessweek.com and on our mobile app. carol: u.s. forces killed hundreds of russian mercenaries in syria. julia: the incident is raising the possibility of greater conflict between washington and moscow. >> it has been an active start to the month of february for sure. we have seen an escalation

in tensions, some actual shooting going on. we've seen aircrafts downed from iran, from turkey, from russia, from israel. they have all seen aircraft shot down from the first part of february. the most interesting, seismic event happened on the night of february 7, when it seemed that a battalion of -- what by all accounts used to be russian mercenaries, numbering in the realm of 200 to 300 -- were killed by a u.s.-backed force led by u.s. forces and kurds in an attempt to take an oilfield that the kurds had been holding for the past few months. carol: who was behind the russian mercenaries? >> it is murky. putin's spokesperson would not address this. they are not official russian troops. but given encouragements russia

had in ukraine, they often are not wearing official russian military gear. it seems that these few hundred mercenaries were under the control of a firm known as wagner. to put it in blunt terms, it is the russian equivalent to the u.s.-based blackwater. these are private mercenaries that not unlike the folks we sent to iraq 10 years ago, they are not part of the official military, per se. wagner is an organization controlled by -- someone known as putin's cook. he has a catering company that does business in the kremlin. he seems to have control of military units that have been operating in syria, hoping a

-- helping assad shore up his gains. julia: it appears to be some sort of rogue attack, but if you look at responses from the russians, perhaps not surprising, given they deny involvement, but the united states response also seems weak , despite what you say is action on the ground. what is going on? >> defense secretary mattis, all he was willing to say on the record was that this is perplexing. the after action report. i think that is an accurate assessment. they were very confused by what happened. we have forces on the ground embedded with the kurds -- were in communication with the russian forces there.

this is like a jigsaw puzzle of a battlefield, where proxies of big powers, the u.s., turkey, russia, iran, israel. they are all waging wars and there are interlocking lies. especially when it comes to this part of the country, where the euphrates is, the u.s. is with the kurds, and on the other side, you have russian forces with assad. our people are having communications with russians, and it appears communications have broken down. this is reporting by our moscow-based reporters. they indicated this was a rogue operation. we are not sure who gave the go-ahead, but there was communication during, before, and after. it was about are you moving, why are you moving? stop moving, we are going to attack. there is still lots of mystery

about the incentives and impetus, and who called this in. you are seeing hospitals filled with hundreds of wounded in these past few days. julia: up next, the problem children of extinct trade of fund. carol: how one entrepreneur at leapfrog his payment company into the mobile era. julia: this is bloomberg businessweek. ♪

♪ julia: welcome back to "bloomberg businessweek," i'm julia chatterley. carol: i'm carol massar. you can also listen to us on radio on sirius xm channel 119, york, 90 3 a.m. in new 91 fm in washington, d.c., and a.m. 960 in the bay area. julia: and in london and in asia through the bloomberg at.

investors are finding reasons to worry about certain exchange traded products, or btp's. carol: in over 400 of these etp's use derivatives to generate outside returns. julia: that is raising red flags for market watches. >> last week, we had the blowout the, the exchange rated note. what that put into focus was what some exchange rates have complexity at their hearts, not always as risky as expecting -- a vix betting etn, but some have derivatives at their heart. there's lots of technical terms in there. julia: explain exactly what investors were doing when they were getting involved with these products. >> first, let's talk about volatility. volatility is the way we can measure how active the markets are in terms of price wavering.

when markets are calm, volatility is low. when markets are moving, volatility kicks up. carol: in terms of volatility, the markets have been low. a lot of complacency. >> we saw that all change. that caused problems for products that bet on or against volatility. julia: they were betting that volatility would remain low, which they have. >> it was very popular indeed. we really saw that start to get washed out monday afternoon. one of the prices where we saw -- one of the places we saw that most definitively was in the exchange traded fund or exchange traded products world. we saw in exchange traded note. an etf versus an etp. an etn is technically a debt obligation, in this case from credit suisse. it started to run into trouble

because the index it was tracking moved so much over a short time that credit suisse decided it would wind up the product. anything that pours money into the fund -- carol: hold on a second, because this is important. by winding the products, it goes down to zero? >> anyone that comes in the previous weeks or months, 500 million floated in. a record week for the product. all of those people are suddenly faced with credit suisse saying we are accelerating and terminating. julia: does that mean they lost money? >> absolutely. this product went down 90% in the space of the day. it will be liquidated later this month and people will get whatever the prices were at that point. julia: who is actually invested in this product? sophisticated investors, or mom and pop, retail investors? >> it is difficult to know who owns these things. if you look at the bloomberg

terminal, you would be left with the impression it is sophisticated people. that is what it is aimed for. however, talking to a number of retail investors, it was not necessarily the case. there were forums online talking about how xiv was making people a huge percentage every year. people were piling into this. i have spoken to several people who lost thousands of dollars. carol: while the markets were complacent -- you've done great reporting on all of this -- but while the markets were complacent, people were making crazy money. that inverse volatility index was making so much money. >> monday, when volatility started to spike, people were thinking markets have been calm for a long time. now was a good time to go shortfall. then they got completely washed out. carol: this week's game changer is steve streets. julia: he invented prepaid debit card, now he has reinvented his

company to facilitate mobile payment. >> steve is the founder and ceo of a company called greendont. itple have not heard about but they provide prepaid cards. , they have been making interesting deals in silicon valley. they have worked with apple and uber, trying to build out their platform. julia: take a step back. he's kind of a visionary. he foresaw the shift to mobile banking. it was in a situation where he said i am not going to be quick enough to take advantage, so he made some bold moves. >> yes, back in 2012, he could see that the banking experience was moving to the mobile phone, and he felt his company would not going to get there in time. so he did in acquisition of a company called looped. they were a dating cap that had

failed that had a lot of geolocation services and interesting technology. the bank basically said, i don't care what technology you have. i want your talent, people who can develop on mobile. they brought the team in and shook things up with his own company. now, they are making all of these important partnerships. julia: they power apple pay cash. not a lot of people have heard of them, but they are fundamental to some huge businesses out there. >> exactly. they power apple pay cash, apple's version of venmo. it is an interesting business, you don't see them anywhere in the ads were in that card. they are the bank powering it. it is interesting, a lot of people are using them and have no idea. julia: and they are working with bluebird now and intuit.

>> i think the looped acquisition gave them the mobile development team they need to work with these big companies that have lofty dreams for financial services and their business. they are aays platform, not just a prepaid card. you can use the banking platform to plug into these interesting technology companies. julia: you described them as one of the most distributed banks now in the country. the growth we've seen is phenomenal. >> not to knock on the prepaid business. but yeah, the partnerships they've made with uber, for instance, they are the ones who pay all the uber drivers at the end of the week. or help pay them, i guess. they are facilitating all these payments for silicon valley. when i spoke to steve, he said the reason we can do this, we have this incredible platform and team, but we are really able to speak technology to these companies.

as more and more of these tech giants want to make their way into banking, it is interesting to see them partner with long-term players. julia: banks that speak technology, or tech firms that understand banking. >> they are definitely a bank first and foremost. prepaid was steve's brain child in the 90's, when he saw more people were going to buy things online and didn't have a bank account to do it. that is why he created the prepaid card. flashforward 20 years, now it is a company that -- prepaid is a huge part of the business, the biggest part, obviously, but you can see the platform being used in different ways. carol: next, eggs on targets the dax -- exxon targets the lawyers it claims are conspiring against the company. julia: and what is behind the republican apparent change of heart regarding spending?

carol: this is bloomberg businessweek. ♪

julia: welcome back to "bloomberg businessweek." i'm julia chatterley. carol: i'm carol massar. carol: exxon strikes back against those suing the company. julia: whatever happened to the deficit hawks in d.c.? carol: how the wwe came to dominate streaming. julia: all of that still ahead on "bloomberg businessweek." ♪ julia: "bloomberg businessweek," in the more must read section, we are honing in on at some

-- on exxon mobil. sick to death of the climate change of lawsuits. it is fighting fire with fire. >> it is an interesting take. i would call this, a need to know read. what exxon has done here, is change the narrative by going after lawyers. the lawyers that are suing them, they have turned the narrative and are going after them. we are talking environmental activists and attorney generals. carol: they talk about the la jolla playbook. >> the la jolla playbook, that is the term. what happened is six years ago, the rockefellers, which have a fund, the irony here is the rockefellers were standard oil. standard oil is basically exxon today. the rockefellers invited a group of people to la jolla, and exxon has pointed a finger at that and said they were conspiring against us.

that is the whole essence of this story. carol: so they were plotting against exxon? >> some of the legal experts say this is a moonshot , but a bold one. it is designed to be a fear tactic. julia: they are trying to spread fear among the attorney general of new york, massachusetts. >> to get them to back down. it is an amazing legal maneuver that a lot of people have their eyes on to see if they can pull it off. carol: it is amazing, a fear tactic against the rockefellers. >> it is bigger than that because the rockefellers, it is the brothers' fund. this is all about exxon knowing something about climate change, and doing nothing about it. there are multiple people who would be interested in that side of the conversation. the rockefeller brothers fund was inviting people to have that

conversation. attorney generals among them, environmental activists among them. that is where exxon is trying to say it is a conspiracy. julia: the whole industry has come under fierce criticism. if a precedent were to be set, it would have far larger implications. >> that is why it is such a need to know. carol: exxon saying they have a right to free speech, this plays into that as well. >> so much plays into this, because at the same time, while you could call that a strategic meeting, isn't exxon having strategic meetings on the other side of this? it is really such an interesting dynamic, and we will have to see what happens. right now it is just so many depositions. carol: we will see how this works out. talk about the interesting dynamics between republicans at -- republicans right now. this is in the remarks section -- this is in the market --

remarks section this week. anybody who has been covering politics or business news, and government, especially here in the united states it has been about reducing deficits, not adding to spending. >> this narrative around the deficit has been a republican priority since about 2010. the deficit hawks, that was a thing in congress. and the art work we came up for this story is amazing, because that deficit hawk is an extinct species. it lasted from about 2010 to 2018, and you are not hearing about it anymore. the change is they realized voters don't care. julia: the deficit hawk is going the way of the dodo. the lost man's -- the last man standing, we watched senator rand paul say, you can't be against the deficits and now be voting -- >> such irony here. julia: he said it it is the definition of hypocrisy. that is what he picked it up

with -- that is where we picked it up. >> he got up there and delivered a jeremiad for the generations, condemning republicans were -- four being hypocritical. for opposing deficits when obama was in the white house but now embraces them with trump in the white house. julia: to be clear, he is a republican himself. he is condemning his own party, saying it is fiscally irresponsible. >> he was shrugged off by his own party. after he sat down and voted for a $300 billion increase on spending over two years, on the heels of a $1.5 trillion tax cut. julia: to put some flesh on that, what are some of his colleagues saying? john thune -- >> it was called the colossal waste of time. so, the thinking of the republicans is, we want to cut taxes because we want to help the supply side of the economy. encourage companies to invest.

it will create a greater gdp. all deficits might go up, but they will fall as a share of gdp. that is the laffer curve -- that is the laffer curve resurrected. the laffer curve is the idea that the u.s. economy is so overtaxed, it will actually cut the deficit problem. julia: or at least be deficit neutral. that was the initial promise. >> of course, the institute for -- the initiative for global markets at the university of chicago interviewed 42 prominent economists from the left and right, and asked them, will trump's tax cut pay for itself. and one of the 42 said yes, only one. and it turned out that person made a mistake and meant to say no. so, no one supports that idea.

it is unfortunately the last thing that people like mick mullaney, who had been a deficit hawk as a south carolina republican congressman, that is the thin read that mick mulvaney is clinging to. julia: do voters care? >> >> that is the heart of the story. you would think after rand paul got up there and delivered his speech, the republicans would be cowed. they would be embarrassed and worried about going back to their voters and having to admit to them that after having cared about deficits for years they were now supporting massive deficits. the answer is they can afford to shrug off rand paul as they have come to the conclusion that they can get away with it. in fact, it will be good for them to do this, to cut taxes and raise spending, because that

is ultimately what voters want. julia: up next, why china's baby bump fizzled. carol: and betting on a stem cell breakthrough to treat ms and crones. julia: this is "bloomberg businessweek." ♪ ♪

julia: welcome back to "bloomberg businessweek." i'm julia chatterley. carol: i'm carol massar. you can find us online at businessweek.com. julia: and on our mobile app. in the economic section, the baby boom or bump, china experienced after its one child policy seems to have been short-lived. carol: it is proving to be challenging to get couples to have more children. >> there was a mini baby bump, not quite a baby boom. births went up 8% in 2016. which was the first full year. then they went back down last year.

carol: for decades, it was a one child policy to control population growth. they wanted to put the brakes on it. that was in place for a long time. when they made this change, it was startling. but they were doing it to help the population and economic demographics. >> they were concerned china would start graying too fast. and that will have economic implications. carol: like japan. >> right. the workforce is shrinking, the dependency ratio, the number of young people it takes to support every asian person is going to start tipping into a point where it is unsustainable. julia: it is really bad. you put figures on it. population is expected to peak in 2030, and then decline. >> the workforce has already started shrinking. so, i think about 5 million last year.

so, this was supposed to be a baby boom, and launch a different trajectory. we see them going back down. carol: why is it difficult to have more than one child in china? >> basically the short answer is that life in the city is so expensive. a government official came out this year and said they did a survey, and 80% of couples cited financial worries about not having a second child. in places like shanghai, the cost of a 1000 square foot apartment is 90 times the median salary. julia: compare that to new york. >> in new york it is about 25%. also, education costs are high in the cities. julia: you have people focusing on the couple, and they were excited about having a second

child, then they said they would have to move, struggling now with education costs, it is not feasible. >> that's right, they ran the numbers and they said no. it is not going to work for us. julia: what is china doing about this? can china change this? we all know the welfare state is not great. >> that is the big issue. they have been trying to bolster, make it easier for mothers, adding and expanding maternity wards, adding seats to kindergarten. there is not universal public at kindergartens. maternity leave is five months paid leave nationwide. but the people we talked to said china is too far along its development trajectory for these policies to make a difference. julia: what do you mean by that? >> it is on its way to becoming a first world country, and what

we see in countries at that point in development is that opportunity costs of having children is factored in. the woman has a career. financially, it does not look as attractive. carol: in a technology section, a stem cell pioneer hopes his next breakthrough comes from placentas. julia: here is a reporter with the story. >> he's a jet certified pilot and stem cell pioneer who suggests we will live longer if we treat our bodies like we treat planes, with a more regular maintenance schedule. most people will tell you planes are longer lived than a few decades ago. julia: don't wait for things to go wrong. make sure you are tinkering with the body and that it is working on a continual basis? >> he is a cofounder of human longevity.

until recently, chief scientific officer of biotech giant cell genes, a cell theory subsidiary. he has stepped down to become ceo of cellularity, $100 million spinoff of funding from its former parent and others. julia: he is a specialist in stem cell therapy, but what cellularity is going to do is specific. explain what they are focused on. >> they are focused largely on therapies derived from stem cells from discarded placentas. the theory goes that these cells , which are similar to the stem cells that a lot of scientists have been pitching as regenerative medicine for years from discarded umbilical cords are a better way to apply

therapies to a much wider swath of the population. julia: the organ women grow in the first trimester of urgency, -- pregnancy how does he think , that differs from what you say, and what we have seen talked about for many years, which is taking cells and blood from the umbilical cord and using that as a medical tool? >> scientists and doctors have been telling parents for 20 years, if you freeze your umbilical cord blood to help your baby live longer later in life as more therapies are derived. so far, the umbilical cord cells have only proven useful in a few rare conditions. what cellularity aims to do in the next four years is developed -- develop therapies that can treat all kinds of immune disorders, and eventually the hope is it will be more generalized longevity for

everybody. julia: it is not just about the family members, or those connected to the people the cells have been taken from, this is a broader cure they are talking about. this would be so groundbreaking if successful. they are talking about doing it in a few years. >> yes, by the end of 2022. julia: how does it help the regenerative function of the body? >> because stem cells in placentas are so purpose built for regenerative functions, they are then better suited then stem cells from other places in the body to mimic regenerative cells that are at risk, or the death of which is a primary symptom of these kinds of immune diseases. carol: up next, we go inside the

lucrative halls of world wrestling entertainment. julia: how careful timing and and planning will land "black panther" at the top of the box office. carol: this is "bloomberg businessweek." ♪

♪ carol: welcome back to "best of bloomberg technology." -- "bloomberg businessweek." i'm carol massar. julia: i'm julia chatterley. you can find us on the radio on sirius xm. and also in new york. 1061 in boston. 99.1 fm in washington, d.c. and a.m. 960 in the bay area. carol: and in london. and in asia on the bloomberg radio plus app. in the feature section, world wrestling entertainment, or wwe , is on a roll. julia: shares are trading at an all-time high. they are taking some big risks.

carol: our reporter took a trip to the company to hear about its plans about world domination. >> right now wwe is doing really well. we looked into why that was. a lot of it has to do with a decision the company made in 2014, they were looking into what they want to do in the future with digital products, and i noticed their fans were subscribing to netflix and hulu. they thought, we should try launching our own video streaming app product. julia: risky. bold call. >> yes, at the time everyone watched it, if you are a big wwe fan, you would turn on cable and watch these weekly shows, and a couple times a year you would subscribe to a pay-per-view event like wrestlemania and pay your cable provider $40 or $50 to watch the big matches.

wwe said, we will take those big matches and make those available on this video streaming app. you pay a monthly fee, and we will give you the big events, and give you interview shows, documentaries, additional archival wrestling matches. and they put this together at a time when all those video streaming apps were like netflix, they were aggregators. they were not individual brands. there was a lot of skepticism. people thought, is that a good idea? not surprisingly, it irritated their partners in cable tv, who got a cut every time you signed up for wrestlemania. they were not too thrilled. carol: this was a risky move but it paid off. >> it did. they have 1.5 million monthly subscribers. carol: is that good? give us a comparison to the others. >> it is the 11th most popular

video streaming app in the country, of about 220 of these that exist. it is the second most in sports related categories. only major league baseball has a more popular streaming. julia: this is important to ordinary viewers. >> you pay, $9.99 a month, and there is a huge amount of material on there. they have their cruiserweight division. they have a weekly show. the developmental league has a weekly show exclusively on this app. it has proven to them, one thing that made the company exciting to investors, it has proven they can move their audience from place to place. the audience will follow them, and they are willing to pay. julia: the numbers are intriguing. what percentage of their viewership is coming from international versus the amount of money they draw from these places?

there is a disconnect of there. >> a lot of the viewership takes place overseas, and yet most of the revenue still comes from the united states. they think, what we need to do is a better job monetizing that. i think having the wwe network helps. most of the wwe network streaming product is, the content is in english. part of what they are thinking, we have the big events like wrestlemania to broadcast in eight languages. part of what they are doing is figuring out, we can sell one product around the world, we just need to tweak it. we need to make sure matches are available in different languages. that we have wrestlers from different regions, some good guys and some bad guys. they are in the midst of figuring that out. julia: in the pursuit section, marvel's new superhero movie "black panther." carol: it sold more tickets than

any superhero movie ever. julia: it basically is having a perfect moment. >> it the movie of the year. maybe one of the movies of the decade. it is a big deal. julia: we talk about it being unapologetically afrocentric. the timing couldn't be more pertinent. >> what we write about in our piece is, it feels of the moment with black lives matter, and what donald trump has said about africa. it takes its african heritage and wraps itself in its. the designs are afrocentric, the clothes and architecture. it is a powerful statement at this moment. they have been planning this movie for years. d.c. comics said they need to diversify their comics. and the kind of superheroes we have, and what they look like. they have been planning this a long time, and have been smart about having women characters, characters of color. characters people have not heard

of. black panther is not a huge marvel superheroes. going down this path was a great decision. julia: it wasn't one of the big superheroes. it is set in wakanda, which is a technologically advanced nation, and there is speculation that he could be a contender for a future black james bond. idris alba, step aside. >> people are wondering when are we going to get a bond of color. idris elba has been mentioned, and approached, but chadwick bozeman is so good. he is so amazing at the action sequences, you can't believe it. he is going to be the new action hero. julia: his bodyguards are all women, and they kick bottom better than anything we saw in "wonder woman."

>> there are incredible woman -- women in this. everybody in it is good. it is empowering on a lot of levels. carol: bloomberg businessweek is available on newsstands. julia: and online on businessweek.com and our mobile app. of the onerollback child policy in china, you wouldn't have thought that would've created what it did. julia: so much excitement in 2016. carol: now they are worried about population growth, and aging population, having a future workforce. they talk about a demographic time bomb. i love this story. julia: the problem is having more children is expensive. implications for housing. education. families are realizing they cannot afford to do it. now china needs to have a rethink, how to adapt this policy. carol: some of the policies have not created the effects they wanted. julia: one of my favorite stories, "black panther,"

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