carol: "bloomberg businessweek welcome to -- welcome to "bloomberg businessweek." we also -- always talk about saudi aramco, we have a story on other big oil giants. .ason: headed to abu dhabi we look at mexico and a controversial presidential candidate could be leading the country soon. caribbean,to the many of the islands coming back after the hurricanes last year. jason: all of that ahead on "bloomberg businessweek." ♪

carol: we are here with the editor-in-chief of bloomberg , andessweek, joel webers there is a story that deserves some attention. saudieveryone knows aramco, and they have been in the headlines because it has projected the biggest ipo ever if it happens. yet, there is another oil giant in the gulf most people know about. jason: this is in abu dhabi, uae,d arab emirates, the abu dhabi is probably lesser-known than dubai. why is this company so important? joel: it is the reason abu dhabi is a glittering landscape of the gulf. it is a major metropolis. it has been the prize behind it, adnoc.

arabia andudi aramco, we are seeing diversification. ipo, more about a big-time then it is maximizing an asset. they are doing upstream and thy foram -- downstream chemicals. but to harness what they have come the oil standpoint. they are finding new partners in india and china, in addition to exxon mobil. carol: this story is a contrast, they are both looking beyond the oil economy, but the way they are monetizing their oil stakes different. ael: by 2030, oil will be different world, and we don't know which way it will go. there has been a lot of conversation about peak oil. what happens when we run out? we have been looking at peak demand, which is oversupply. of oiler what, the cost

will be different in 2030 than now. the supply question will be different. which way it is, nobody knows. for a country like uae or saudi arabia, these are about how to play that. jason: it is a fascinating so she ate in -- so sheol economic story under this. if you look at abu dhabi over the past years, they have spent in a norma's amount of money building a financial sector, have been drawing a lot of people in. the hidden source of wealth behind that. are seeing really successful business people in a region that has had this traditional source of wealth, try to diversify plans for the future. jason: let's pivot to the u.s. story from adnoc to amlo. name people are

talking about a lot in mexico. tell us who he is. joel: we want to be in front of this story for the next -- because for the next few weeks, it will garner more attention. it is a nickname for the front presidential candidate in mexico. he has a 20 point lead right now, which is remarkable considering he hasn't held any national office. he has been the mayor of mexico city, so prominent within the country, but the way to think about him is he is the negative mirror image of trump. he is almost a left version of trump. nationalistic, populist, anti-nafta and yet, south of the border. story is about what will happen between the u.s. and mexico relations when someone this prominent, who business doesn't like, takes over a country. carol: it is about the debate between old and new economies in mexico. is, in some polls, 20

percentage points ahead of his other rivals. , takingally in the lead a very strong stance on issues that, for a lot of businesses, are unsettling. we followed him on the campaign trail and the saw him talking to and people students who may have traditionally not voted for him. but things have turned around and the main issue is the people of mexico are sick of their government. there have been a lot of corruption scandals and the violence here is the worst it has been since they have started recording homicides. people are very frustrated the government and they think he is the best choice to kick the bums out. jason: what put him into the national spotlight? he lost a lot of

elections at first, and surprisingly, by fighting the there is abecause lot of distrust of election authority here, people have come on board in his movement. ultimately, he became a popular presence when he became the mayor of mexico city in 2000. carol: what is interesting about , you have president trump looking to bring back the steel industry and take us back to industries that were dominant decades ago. to dos what he is trying in mexico. bring back the farming society. at the same time, you did deeply into an area within mexico that has become very industrialized and has attracted a lot of global companies. what do policy of observers, economists say about what is important to mexico going forward? poverty-stricken

mexico, which is about half of the country, mostly in the south and then you have the northern border region doing very well. ,his picked up because of nafta better access and better salaries. there are two kinds of mexico's he is talking to and for the first time, he has been able to convince a large enough portion of the north that could push him over the edge and make the whole difference between the two past presidential bids he has lost and this time, where he is looking very good. this week, we have a couple of cover stories around the globe. one around hong kong, and one -- jason: we talked to chris about how he put images to those stories. carol: let's talk about the cover in the americas region of "bloomberg businessweek."

it has to do with the mexican elections. chris: we shot the front runner amlo during one of his rallies. it is jubilant, everyone is crowding around him. we wanted the tag to be punchy and brash and get that hit -- his attitude. jason: he really is in the midst of this populist movement there and you've got a lot of people around him. chris: for the cover, we chose this fluorescent tone. it has this bright, vibrant color. jason: the international cover gets to hong kong and gambling. how do you illustrate that? for that, wes: shot at hong kong at this racing track where a guy figured out how to crack the code. you have a nice photo of the skyline of hong kong, in the foreground come a jockey on his horse and in the middle, the

odds. the headline is staggered. next, how china benefits from uncertainty over the iran nuclear deal. this is "bloomberg businessweek ." ♪

♪ carol: welcome back to "bloomberg businessweek." i'm carol master. you can find us on our mobile app. story, president trump pulling the u.s. out of the iran nuclear accord, created a lot of uncertainty. jason: it talks about what tehran decided to do. turn to china. carol: china may have the winning hand there. we got more. lindblad.istina partners in the nuclear deal

have expected it for a while and it is one of the reasons is that since the listing of the major layers of sanctions, because ine remained all along, 2016, european companies have been tiptoeing into iran. in the meantime, china during the decade the sanctions were in since, has been ramping up its footprint in iran. in that the biggest itorter of iranian crude and also supplies critical investment and equipment for infrastructure. one of the things we focused on was the tehran metro. carol: it can be a pretty significant investment. getting investment figures out of iran is pretty much impossible. jason: and china. cristina: but we looked at trade

as a proxy and so trade has more than doubled since 2006, which was the last full year before sanctions were put in place. bilateral. trade betweenme, iran and france, iran and germany, and iran and a u.k. has all gone down. if you think of the iran economy, which is worth noting, the second largest in the middle east, a market of 80 million people. it is a coveted emerging-market. jason: second only to saudi arabia. cristina: yeah, so companies have been angling to get back in and it is difficult because in 2016, the year after the deal and a grouphoney -- of executives went to rome, 60 billion dollars worth of memorandum in

understanding with companies like airbus that was going to fleet, caran's jet companies -- iran is a major car exporter in the middle east -- and energy companies. barely any of that investment has flowed in because trump has been pledging to deep six this deal since he was on the stumps. elected, you wonder if you are going to sink a billion dollars into a country. and this is a chinese blueprint. this is a page out of a classic playbook. cristina: that's right, because iran has been a part of one belt, one road, this revival of the silk road route. persia was always at the center of those roots.

because the chinese companies that are doing business in iran don't have a big exposure in the u.s., they are not vulnerable to sanctions. the u.s. has gone after a couple zteompanies like wawe and that have a profile in the u.s.. it is not completely safe for chinese companies to go into iran and defy the u.s. wishes to isolate that country, but it is more possible than for european companies. one of the things we have seen is state-owned enterprises in china set up subsidiaries to shield themselves from the potential of lawsuits, a strategy that is more difficult for european companies. jason: what does this say about chinese ambitions? iran as ay using foothold into an even broader participation across the rest of the region? cristina: china looks at it as an economic play. also not just china.

also russia. we see countries that are not politically allied with the u.s. c iran as a means to do something and one of the things you can do effectively is drive a wedge between europe and the u.s. using iran. it just about access to oil and energy, which some have said down the road, china is going to reduce its demand in terms of fossil fuels because they have to? what is the endgame? cristina: that is possible, but china is also home to what he world champions in areas like transportation, like its-speed trains, rails, companies have become major developers of ports around the world. carol: and owners of ports. so this is a way to basically open new markets for

its companies. it is not just about importing oil. carol: next, james komi talks to "bloomberg businessweek" about leadership in waltzed -- in washington and wall street. jason: how one firm is bringing hedge fund strategies to the masses. tough to understand, but we will try to help. carol: this is "bloomberg businessweek." ♪

♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: i'm carol nassar. you can listen to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c. and am 960 in the bay area. jason: in london on dab mux 3 and in asia on the bloomberg radio plus app. in the politics section, matthew phillips, one of our favorite editors, sat down with james tour as part of this book

he is doing. talked about trump, rudy giuliani -- >> and it went beyond the politics of the day. matthew: he has been on this book tour for a month now. he has his spiel pretty well baked and yet, the news keeps coming to him. one thing we talked a lot about was rudy giuliani, who has gotten back in the news as the president's lawyer and has said interesting things on tv. that is someone who james comey worked for in his first job in public service, as a young turk -- attorney in manhattan. --s was in the mid-80's 1980's and rudy giuliani was the larger than life u.s. attorney there. i asked him, was he a good boss? he said, i thought he was at the time because he was cool and sucked up all the oxygen in the room and was a rock star, but looking back i realized he was a terrible boss because it was all about him. he wasn't humble enough, confident enough to share the spotlight.

i thought that was an interesting look, especially from a guy who is in the midst of the spotlight. carol: giuliani has also been critical of james comey. what does he think of that? matthew: he said he has probably lied to mueller and lashed out against the fbi, said storm troopers were the ones who raided michael:'s office. he said, i don't care about the attacks on me. he seems confident that history is fair to him and he acquitted said it isl, but he outrageous and completely unprecedented the degree to which the president and rudy parts,i -- and in larger parts of the republican party have gone after the fbi and doj, and all this talk of deep state. and here we have the law and order party that has turned on the law and order institutions.

zealothe has had this like career in putting himself in these moments that are incredibly important to political, economic, and even financial history. the martha stewart case, surveillance, other issues -- he even worked for radel leo at one point. o at one point. jason: -- matthew: you don't really get to the trump stuff until the last 50 pages or so. huge spent the bulk of his career in public service, but he did work at briggs -- bridgewater, which is known for being a ruthless culture. he said he learned about his weaknesses. as a tough prosecutor for two decades, i still cringe at giving people negative feedback.

abouting that struck me the book is he has had a front row seat to some of the most crucial debates in american life in the last 20 years. he had a key role in bringing down the mob in the early 1990's, he decided to press the case for insider trading against martha stewart, he pushed back as the deputy attorney general in the first term of the bush administration against the legal rationale for torture him and surveillance. and that is to say nothing of the role he played on the hillary clinton email investigation and with president trump. carol: another role has been a republican, but now he is turning his back on the party. matthew: we asked him, are you still a republican? leave?d you he said, i feel like it left me. he said what does the party stand for?

it is not rule of law, that is clear. i think he is having a conversation that a lot of longtime republicans who are not fans of donald trump are having. carol: we looked at some of -- something that was around for a while, but risk parity funds. jason: complicated, but you need to know these performed very well in the last financial crisis. hedge funds were using them a lot and now they are more widely available. carol: there are lots of risks and lots of critics. advisor, iterm robo is 2018. if you are going to be investing your money, you don't need to spend a lot of extra fees on advisors. instead, you give it to a wells -- robo advisor and on risk profiles, they will allocate your money to different funds. the bread and butter is giving you a tax efficient advice.

we see a lot of young customers andking to automated advice putting your money into a lot of cheaper etf's and mutual funds. and part of it soto, it was meant to be for some pretty basic tackling investments and yet, wealth front and others seem to be in -- upping the ante and getting into areas where more sophisticated investors have played. risk parity being one place. tell us about that. dani: this is the problem with robo advisors. if this process is automated, how do you extinguish yourself -- distinguish yourself? one way is moving into more hedge fund products. this is risk parity. once you have a certain amount of money with wealth fund, they

will put up to 20% of your assets in risk parity. this is typically given to investors by hedge funds. you have to go to bridgewater, for example. popularizedeally the term risk parity. simple, risk parity is all about diversification, it is a model that will put you in every single asset class and instead of your traditional 60% stocks, 40% bonds, it will look more heavy toward the bonds because you want your risk to be even, spread out throughout all the assets. i started with saying it was simple, all about diversification, but it gets complicated quickly. carol: there lies the rub, because risk parity, people can define it differently and you talk about bonds and stocks and that is a simple way, but you ,an pull in other asset classes leverage, you can go all over the place. absolutely. i love this one story from

'sidgewater, the co-cio sister-in-law asked how she should be investing money and he built her a risk parity type portfolio just through etf's. at the end of the day, it is a concept. different asset classes and making it an even waiting. this to the next degree. they will use volatility input. --y will have robots different asset classes depending on different message -- if you are looking at a strategy that is weighting based on volatility, it can get confusing. i feel this is investing 101. you really should know what you are investing in and this is kind of a different thing to invest. jason: how -- could solve its diversity challenges. carol: how an american computer geek changed gambling forever.

jason: this is "bloomberg businessweek."

jason: welcome back. this weeks issue, amazon, what they should be thinking about when it comes to their second home. jason: the mayors of all american cities want to get amazon in their town. carol: they can make a difference for a lot of other companies. jason: we have a sprawling epic narrative about horse racing and hong kong and how it influenced how we bet on everything today. carol: we dove into the caribbean and where we should go in terms of traveling. jason: all that and more ahead on "bloomberg businessweek." ♪

jason: we are back with bloomberg businessweek editor-in-chief joel weber. opening remarks this week in the issue about amazon and its seemingly never-ending hq to search. search. carol: like another reality show. joel: we don't know where they are going to go yet. the story is about the opportunity amazon has here. to actually change a little bit of the discussion about how -- especially tech companies -- approach diversity. jason: this is authored by emily chang. intoeally digs pretty deep specifically what amazon should

be thinking about by way of diversity at large. joel: i couldn't think of a better person -- we get to see her every day on bloomberg television. able to pinpoint with this stuff was what they should be looking at. no matter where they go, that could change the conversation. what did you think of that? carol: not only change in the conversation. over ands disrupted over again. here they have the opportunity to disrupt their workforce -- >> it is self disruption. carol: exactly, make it more diversified, make it more inclusive, make it more equal. more women, more everything. jason: a variety of thought leads to a variety of better decision. what i thought was so quoting people who have been associated with

amazon, they think better than other people. they need to put those brains to work on this issue and because they are so much in the spotlight, not only with this move, but generally in the amazoning of the world, it could impact however companies -- >> if they can figure it out, and they are good at scale, if they can figure it out and tired hq2, it can it to become a moment everyone aspires to. so much of the sea quality conversation, a lot of it isn't being talked about, but the moment you start talking about it and owning your problems, you can effect change. carol: it is also stopped talking and doing, and amazon has the ability to do it and influence other companies. jason: they are doers. joel: so much of this has been where are they going to go, and

this talks about another version. so let's go to the international cover. here's a story we got lucky enough to tell about horse racing in hong kong. joel: i love this story. it is a great read. it will take a little time, but it is that good. bill who story about is a sports gambler, also a mathematician, and in the 1980's, he started to go to hong kong and tinker with how to be a better gambler at the race track and he figured it out. in a big way. this: we explored fascinating narrative with nick summers. character of this story is a guy named bill, shy, nerdy, liked math and probability theory, he made a lot of money playing blackjack in las vegas.

he and another guy got an idea to bet on horse races in hong kong were all the money was with a computer system, which back then, the early and bid 1980's, this was new. he was the first person to figure this out. carol: he created the algorithm. nick: he taught himself how to code, elite statistical for he and some issa terex stuff in the academic world into a gambling system. here is where we should say there is no such thing as a can't lose system. they don't exist. this did exist. we were skeptical at the magazine, but the story checks out. he made close to $1 billion betting on horses and almost more remarkable than the money he made was he stayed a nice guy and donated to charity. and totally under the radar. he shared his secrets with a

couple of people, but has never told his story until this feature in bloomberg businessweek. jason: take us back to hong kong at that time. back andpeople go forth, we live in a global world, but these guys picking up and moving to hong kong was a very different proposition back then. nick: it was a big deal for the sky to pack up and head to hong kong. he brought three in or miss, heavy end early ibm he sees in his luggage. starts losing immediately. early on, the system doesn't work but he refines it and eventually makes it clicked. jason: because he finds when he goes there, the race track, but also asocial cultural touchstone -- konge intensity that hong has to betting on horse races --

we don't have that in america. the story opens with may be the most famous race ever at this race course. there is a single bet called the single trio. three horseshe top in any order. me.stats elude in november 2001 is where the story opens. the pot has swelled to 100 million hong kong dollars, about 13 million u.s. dollars. one in seven hong kong residents that on horse races. that is an idea of how intense the people are about the sport. the story begins with bill benter, he bets 51,381 different out thesed on his rhythm one of those hits. won the biggest jackpot

anyone had ever heard of and never cashed it in. put it in a safe and walked away. carol: explain that, because of course you pick it up. nick: he is not a greedy guy. venture was extracting money from the system slowly over the course of the season. if he had won this in or miss jackpot -- no one in the public wanted to know an american algorithm had won. doubly insulting. not only an american, but an american computer. nick: when someone wins the jackpot, someone puts them on tv. thaty wanted to find out these foreign computer nerds were siphoning money out of the system. $100 million hong kong dollar winning ticket in a safe, never cashed it in.

he just continued betting for the rest of the season, knowing he would make back more. jason: how does he look back on this time with the benefit of a little space? what does he say now? nick: he is a contented guy. the story isys unlikely is he didn't get corrupted by all this money and fall into a life of drugs or women or what have you, he has become a active philanthropist, has moved back to pittsburgh where he grew up and has odleinued to study and no with gambling, he is refining his system, he is still betting around the world. he has had sidelines of betting in the u.s.. he tried to perfect betting on baseball. spent three years, broke even. this -- thereat is a line in the story where the only thing he ever told a

reporter that is untrue is look, if you wore me down, i will talk to you, but i don't think you will find anything interesting. which is totally untrue. carol: next, a community of people who go to great lengths to block ads. this is "bloomberg businessweek ." ♪

♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: i'm carol messer. you can find us on bloomberg's -- businessweek.com. jason: this week, i hadn't heard of pie hole. carol: is an ad blocking tool you can put on your computer. jason: everyone who reads this story will want one. jeff: given the rise of programmatic advertising of the last several years and the andee to which advertising platforms and dozens of partners

can be tracking you all over the internet, at blocking has become mainstream. carol: programmatic advertising. what is it? jeff: when you load the home page of most major news sites in the country and try to click on an article, generally that will set off a split second cascade of advertising platforms, exchanges that are being contacted by the website and a series of partner websites to figure out what your interests are and how valuable you might be as a customer of particular advertisers and there is a robot bidding war. jason: enter "pie hole" one of the great names. what is it? jeff: it is named after the raspberry pie, $35 depending on what model you buy. they are very simple, they send

a basicipset, but keyboard and such you can rig up. this open source software called the pie hole to basically block ads at the network level. you can set it up using about an hour's worth of time. pi-hole, with a couple of tweaks, you can block any ads across your wi-fi network. did pi-hole come to be? jeff: coders took it as a passion project -- project. he tried to support a similar non-open source app on kickstarter and wound up frustrated that it wasn't working the way he wanted it to,

so he and a handful of laborers built another one. this, the backdrop of there is a lot of money on the other side and the biggest companies don't want this thing to happen, who really want to get to all of us as users and potential buyers. absolutely, $200 billion in the industry right now and most of the biggest companies in the world are very interested in making sure that grows. the saving grace for pi-hole right now is it is fringe as opposed to add blockers that have something like 100 million users around the world, pi-hole is only on 140,000 servers. that is growing quickly in the last couple of rounds. it rose to 140,000 from 60,000. carol: why doesn't everyone have an add blocker?

why don't we all have it because we are all frustrated and tired of seeing so many ads? jeff: it is becoming more users have% of u.s. some kind of ad blocker installed weather at the -- browser level or network level. in europer is higher and in greece, as high as 39%. for most people, it seems it is just not top of mind that this setup requires a level of technical savvy that is higher entrance. jason: you alluded to this, we are at this moment where public opinion and public willingness to engage in this behavior has done a complete 180. people felt like it was wrong not to somehow enter into a commercial agreement and now people are really resisting it. what are the other implications if this does become more popular? soundit is in the era of

on, pre-roll videos. people are more willing to block ads however they can do may have been in the past. exactly anisn't existential crisis for the advertising industry just yet, there -- they are watching closely the main guys around pi-hole say in the story they have been approached more than once by people they believed to be in the ad industry saying watch out, people are taking noticed. carol: next, in entrepreneur with a plan to raise a generation of world changers. jason: and the ultimate guide to the caribbean. ♪

♪ carol: ["bloomberg businessweek ." jason: you can listen to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c. and am 960 in the bay area. carol: in london on dab mux 3 and in asia on the bloomberg radio plus app. in pursuits this week, we look at the game changer. jason: world changer in a lot of ways. he has educated at whole generation of social entrepreneurs. carol: we got more from our editor. >> he is the founder of a worldwide network of social entrepreneurs that has done some incredible stuff. it gives financial assistance and aid to social entrepreneurs.

people who want to correct roms in the world, do good in the up to three years of ice -- financial assistance, including personal assistance. you can focus on your social entrepreneurship. jason: this is a guy who invented cap and trade. that is no small feat. chris: in the carter administration, he introduced cap and trade, which changed the meetot only companies environmental regulations, but the way countries do around the world. carol: he is our game changer this weekend you can understand why as you tell his tale. he sees the importance of entrepreneurs, who can have some wonderful ideas. their he said 59% of programs they support end up enacting national change and one of the reasons we have made him game changer is over the years, he founded the company, he found

one third of their projects address youth issues and has noticed a huge percentage of the people who he gives grants to start their entrepreneurial careers when they were young, when they were kids. now the project he has is called youth venture and they are now training and giving assistance to kids. people under 20 who are entrepreneurs. jason: it feels like a moment where entrepreneurs and especially social entrepreneurship is meant to be more measurable, right? all these metrics that you are talking about seem to be at the core of what he is doing, this idea that it becomes real policy and not just pie-in-the-sky. chris: they don't really get government assistance. they get fundraising from venture capitals. want to back startups and as far as the kids go, it has reached 15,000 kids in 40

countries. they are training school districts, teachers, teachers unions. he's creating an infrastructure to ensure there are different ideas, new ideas constantly coming. upis: he wants kids to grow and get out of school thinking they can be entrepreneurs and change the world, and they can build businesses and make money, do good in the world and all this stuff can support itself. jason: he himself started as a mckinsey consultant. one of the most tried and true ways people get into business, but the road goes mckenzie, private equity, mckenzie, hedge investment bank. and this is a guy modeling a different career path for a lot of people he is backing. chris: mckinsey private equity, you look at companies that already exist. how to change them. you aren't necessarily looking at a problem in the world you want to solve. that is a different thing and he was a guy, that was how he

thought. he was inspired by gandhi, the civil rights movement, so when he got into public service after the carter administration, how do i take this to the next level? jason: we head to the caribbean. carol: we did not, but nicky went. we have some advice from her. >> i am a hotel met, and people have places they are very loyal to, but ace -- a silver lining to the hurricane is they really said if we are going to close our doors for a season, we might as well come back more beautiful than ever before and that has happened all across the region. mentioned a lot of rebuilding and renovation and you have a more serious story, which is important, about how to hurricane proof an island. you really get into some of the architecture. tell us what you found as he looked into what people are doing from a broader perspective, not just property

that property? nikki: i loved reporting this story. it is centered around dominica,, a hidden gem, a very rain forest covered hiking, scuba diving, all that jazz. recallnately, it if you when all of the news was coming out with the hurricanes, it was one of the hardest hit islands. even the prime minister was tweeting about how he lost his roof. no one was safe. nine out of 10 homes lost their roof. infrastructure was pummeled. as was a worst-case scenario across a region of a lot of worst-case scenarios. it has only been eight months and dominica is one of the most incredible comeback stories. what they are trying to do is become the first climate resilient nation in the world. carol: talk to us about what they are trying to do. this includes underlying -- power lines underground. nikki: everything you can

imagine. they are working with governments from canada to great britain and other parts of the world to assess everything from the angles and materials they are using to build roughs, the way they are thinking about their power, electrical lines going underground instead of where the lines can be downed by wind. the way they stockpile food in their schools, they are thinking centralize supplies to clear roads and debris in a future storm. every stone is being turned in an effort to make sure they can weather a direct hit within a matter of weeks instead of the year. jason: and you do hope -- you talked about the expanse of the caribbean and the island in the hurricane belt that hopefully, there will be some work about best practices. you even mentioned down to the types of window coverings and what is happening in the interiors. invested inone is it. there is no one who went unaffected in this region, so

everyone is banding together. you are seeing big picture initiatives being driven by the government, but also small individuals and nonprofits finding out how to make a difference. carol: "bloomberg businessweek" is available on newsstands now. jason: and online and on our mobile app. carol: must read, it looks at president trump pulling out of the nuclear record with iran. evenkind of creates an bigger opportunity for china and it really goes into that. how much china has been involved and how much more they could as a result. jason: europe is the obvious foil here, but china has a much bigger opportunity. it will be fascinating to see how this plays out. carol: amid this uncertainty. your must-read? kong, whates, hong an epic tale. -- made possible online

gambling, which is booming and booming. i couldn't get enough of this story. more bloomberg television starts right now. ♪ . . .

emily: i am emily chang, and this is the "best of bloomberg technology," where we bring you all of the top interview from this weekend tech. next, an expert. uber'se will hear from ceo ahead. and more questions swirling around tesla after a bizarre earnings call to