i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. carol: welcome to "bloomberg businessweek." jason: and i am jason kelly. carol: we always talk about saudi aramco, we have a story on other big oil giants. jason: that is right, headed to abu dhabi. we have a look at mexico and a controversial presidential candidate could be leading the -- leaving the country soon. carol: and to the caribbean, 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 businessweek, joel weber, and there is a story about the other middle eastern oil company that deserves some attention. joel: everyone knows saudi aramco, and they have been in the headlines because it has to be 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, united arab emirates, the uae, 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. adnoc has long been the prize

behind it. what makes it interesting is sort of like saudi arabia and aramco, we are seeing them diversified. it is less about being a one-time big time ipo than it is about maximizing an asset. they are doing upstream and downstream to cycle chemicals, but also to harness what they had from the oil standpoint. they are finding new partners in india and china, in addition to exxon mobil. carol: that is what the story is about, contrast. they are both looking beyond the oil economy, but the way they are monetizing their oil stakes is different. jewel: that is right -- joel: that is right. by 2030, oil will be a different world, and we don't know which way it will go. there has been a lot of conversation about peak oil. this idea of what happens when we run out? now we are looking at something else called peak demand, which is oversupply. no matter what, the cost of oil 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 bets on how to play that. jason: it is a fascinating socioeconomic story under this. if you look at abu dhabi over the past years, they have spent an enormous amount of money building a financial sector and have been drawing a lot of people in. joel: adnoc is the hidden source of wealth behind that. that is why this story is fascinating. we 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. cover story from adnoc to amlo. carol: nicely done. amlo is the name people are talking about a lot in

mexico. tell us who he is. joel: we want to be in front of this story because for the next few weeks, it will garner more attention. amlo is a nickname for the front runner 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 he has been 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. he is nationalistic, populist, anti-nafta and yet, south of the border. part of this story is about what will happen between the u.s. and mexico relations when someone this prominent with this much popularity, who business doesn't like, takes over a country? carol: it is about the debate between old and new economies in mexico. we caught up with our reporter for more.

>> amlo is, in some polls, 20 percentage points ahead of his other rivals. he is really in the lead, taking 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 farmers and students and people 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 -- frustrated with the government, and they think he is the best choice to kick the bums out. jason: what put him into the national spotlight?

nacha: he lost a lot of elections at first, and surprisingly, by fighting the results -- because there is a 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. that is when he really took off. carol: what is interesting about this story, and in some ways, it mirrors what is happening in the united states, where you have president trump looking to bring back the steel industry and take us back to industries that were dominant decades ago. this is what he is trying to do in mexico. bring back the farming society. at the same time, you dig deeply into an area within mexico that has become very industrialized and has attracted a lot of global companies. what do policy observers and economists say about what is important to mexico going forward? nacha: there is poverty-stricken mexico, which is about half of

the country, mostly in the south ern region, and then you have the northern border region doing very well. it has picked up because of nafta. it has 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. carol: this week, we have a couple of cover stories around the globe. we had one on hong kong and one on the mexico elections. jason: really good stories. we talked to chris about how he put images to those stories. carol: we have a couple of covers to talk about this week. 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 at his attitude, which is very grabbing at you. 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. on the newsstands, it will really pop, and it has this bright, vibrant color. jason: the international cover gets to hong kong and gambling. how do you illustrate that? chris: for that, we also shot in 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, you have a jockey on his horse and in the middle, the

odds. we overlaid the headline in a staggered way. carol: next, how china benefits from uncertainty over the iran nuclear deal. this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i'm carol massar. jason: i am jason kelly. you can find us online at businessweek.com. carol: and on our mobile app. a big 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 from cristina lindblad. cristina: it was not that much of a surprise this happened.

european partners in the nuclear deal have expected it for a while and it is one of the theons that even since lifting of the major layers of sanctions, because some remained all along, in 2016, european companies have been tiptoeing into iran. in the meantime, china during the decade the sanctions were in place, and a little bit before, and since, has been ramping up its footprint in iran. right now, it is the biggest importer of iranian crude and it also supplies critical investment and equipment for infrastructure. one of the things we focused on was the tehran metro. carol: quantify it a little bit. it can be a pretty significant investment. cristina: getting investment figures out of iran is pretty much impossible. jason: and china. [laughter] cristina: if you get them from

china, you don't know if they are real. 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. jason: between iran and china. cristina: that is right, i lateraled. at the same time, trade between iran and france, iran and germany, and iran and the u.k. has all gone down. basically, we are talking about if you think of the iran economy, which is worth noting, the second largest in the middle east, a market of 80 million people, so 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 was signed, rouhani and a group of iranian executives went to rome, paris, and signed something like $50 billion worth of memorandum in understanding with companies like airbus that

was going to overhaul iran's jet iran isar companies -- 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. when he was elected, you wonder sink billions of dollars into a country with sanctions? jason: 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. jason: that is really interesting. isstina: the other thing

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. interestingly, the u.s. has gone after a couple of companies like wawe and zte that have a profile in the u.s.. -- 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 chinese state-owned enterprises 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? potentially using iran as a foothold into an even broader participation across the rest of the region? cristina: china looks at it as an economic play. it is also not just china. also russia.

we see countries that are not politically allied with the u.s. and see iran as a means to do something and one of the things it has been doing and you can do effectively is drive a wedge between europe and the u.s. using iran. carol: what is it all about? is 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 remember that china is also home to what it hopes will be world champions in areas like transportation, like high-speed trains, rails. its companies have become major developers of ports around the world. carol: and owners of ports. cristina: yes, so this is a way to basically open new markets for its companies. it is not just about importing oil.

carol: up next, james comey talks to "bloomberg businessweek" about leadership 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 massar. 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 comey as part of this book tour he is doing. talked about trump, rudy giuliani -- carol: and what is great is 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 t.v. that is someone who james comey worked for in his first job in public service, as a young attorney in manhattan. this was in the mid-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, he wasn't confident enough to share the spotlight. i thought that was an

interesting look, especially from a guy who is in the midst of the use cycle right now. -- the news cycle right now. 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 rated michael -- raided michael cohen'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 himself well, that is comey, but he said it is outrageous and completely unprecedented the degree to which the president and rudy giuliani -- and in larger parts, 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. jason: one thing you point out is he has had this zealot 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 ray dalio at one point. is that right? matthew: that is right. for a couple of years, he worked at bridgewater. the bulk of the book is about lessons in leadership, business culture, and you don't really get to the trump stuff until the last 50 pages or so. he spent the bulk of his career in public service, but he did work for lockheed martin and ray dalio, which at bridgewater, is notorious for a ruthless and super transparent culture. i said, what did you learn about that? immediately, he said he learned about his weaknesses. i'm not honest enough, and even as a tough prosecutor for two decades, i still cringe at giving people negative feedback.

one thing that struck me about the book is the degree to which this guy 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 is the guy who 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 and surveillance. and that is to say nothing of the role he played on the hillary clinton email investigation and with president trump. carol: he has also been, his life, 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? he said, no. we said, when did you leave? 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 something that was around for a while, but d weig -- but we dig into 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. here is dani burger. dani: that term robo advisor, it essentially the idea that it 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 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

flocking to automated advice and putting your money into a lot of cheaper etf's and mutual funds. carol: but it is also about being transparent. jason: right. and part of it too, it was meant to be for some pretty basic tackling type investments, and yet, wealthfront and others seem to be 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 distinguish yourself? like you said, one way is moving into more hedge fund products. thise case of wealthfront, is risk parity. once you have a certain amount theyney with wealthfront,

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. they popularized the term risk parity. to make it 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 is arranged in terms of definition. people can define it differently and you talk about bonds and stocks and that is a simple way, but you can pull in other asset classes, leverage, you can go all over the place. dani: absolutely. i love this one story from

bridgewater, the co-cio's 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. investing in different asset classes and making it an even weighting, but quants take this to the next degree. they will use volatility input. they will have robots weight the different asset classes depending on different measures. if you are looking at a strategy that is weighting based on volatility, all these different qualitative measures, which will doing, 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 amazon could solve its diversity challenges. carol: how an american computer geek made a fortune betting on

horses and changed gambling forever. jason: this is "bloomberg businessweek." ♪

jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: i am carol massar. in this week's 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 not only their company but 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: talk about sprawling, we do an in-depth dive 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. some provocative opening remarks this week in the issue about amazon and its seemingly never-ending hq2 search. tell us about that. joel: i love how it continues to hang over the country, where will we go? 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. her book came out earlier this year. she really digs pretty deep into

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

amazon, this is what they do, 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 have a real impact on other companies. joel: if they can figure it out, and they are good at scale, if they can figure it out and tie it to hq2, wherever it happens, it can become a moment everyone aspires to. we just did this business of the quality event this week, and so much of this conversation, a lot of it is not being talked about, but the moment you start talking about it, and owning your problems, you can effect change. stop talkingalso 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. jason: how are they going to do it? carol: exactly. 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. carol: me, too. joel: it is a great read. it will take a little time, but it is that good. carol: it did take a little bit of time. joel: this is a story about bill benter, who 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. carol: he beat the odds. joel: in a big way. jason: we explored this fascinating narrative with nick summers. here's what he said. nick: the main character of this story is a guy named bill was shy, nerdy, liked math and probability theory. he made a lot of money playing

professional 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 mid-1980's, this was new. he was the first person to figure this out. carol: he created the computer system, the algorithm. nick: he taught himself how to code, elite statistical for he theory, and he applied issa terex stuff in the academic world into a gambling system. here is where we should say there is no such thing as a cannot lose special gaming 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. carol: and under the radar. next: and totally under the -- nick: 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. in 2018, people go back and 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 guy to pack up and head to hong kong. enormous heavye s in his luggage. he starts losing immediately. early on, the system doesn't work but he refines it and eventually makes it click. jason: because he finds when he goes there, the race track, that is both a social, but also a cultural touchstone -- nick: oh, yeah. the intensity that hong kong has devoted 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 triple trio. it is a trifecta trifectas, and you have to pick the top three horses in any order. the stats elude me. it is like 100 million combinations. 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 bets 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 times based on his algorithm. one of those bets hits. he won the biggest jackpot anyone had ever heard of and never cashed it in.

locks the ticket in a safe and walked away. carol: explain that, because of course you pick it up. nick: it was a delicate balance. he is not a greedy guy. venture was extracting money benter was extracting money from the system slowly over the course of the season. if he had won this enormous jackpot -- no one in the public wanted to know an american algorithm had won. jason: doubly insulting. not only an american, but an american computer. nick: when someone wins the jackpot, someone puts them on t.v. here is a nightwatchman or convenience store worker who won $10 million. nobody wanted to find out that these foreign computer nerds were siphoning money out of the system. he puts that $100 million hong kong dollar winning ticket in a safe, never cashed it in. unclaimed prize went

to charity. 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. one of the ways the story is 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 an active philanthropist, has moved back to pittsburgh where he grew up and has continued to study and noodle 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. which is still ok. he looks back at this -- there 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: up 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 massar. you can find us on businessweek.com. jason: and on our -- and on our global app. this week, i hadn't heard of pi-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 in the last several years and the degree to which advertising and platforms and dozens of partners can be tracking you all over the

blocking has become, if not mainstream, closer. 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 pi-hole one of the great names. you really had me in this story with that alone. what is it? jeff: it is named after the raspberry pie, which is $35, depending on what model you buy.

they are very simple, they send you a chipset, but a basic keyboard and such you can rig up this open source software called the pi-hole to basically block ads at the network level. you can set it up using about an hour's worth of time. or have one of your more technically inclined children set up the pi-hole, with a couple of tweaks, you can block any ads across your wi-fi network. carol: how did pi-hole come to be? jeff: basically the child of coders who took it as a passion 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. jason: the backdrop of this, 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. right? jeff: absolutely, $200 billion is 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 in browser ad blockers like others 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: what? 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 popular. by one estimate, about 18% of u.s. internet users have some kind of ad blocker installed whether at the browser level or network level support. that number is higher in europe 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? jeff: it is in the era of sound

on, pre-roll videos. people are more willing to block ads however they can and may have been in the past. while this isn't exactly an existential crisis for the advertising industry just yet, 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 notice. carol: up next, an entrepreneur with a plan to raise a generation of world changers. jason: and the ultimate guide to the caribbean. ♪ carol: this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i am carol massar. jason: and i am jason kelly. 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. he is bill drayton. jason: world changer in a lot of ways. he has educated a whole generation of social entrepreneurs. carol: i love what he is doing. 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 great wrongs in the world, do good in the world and up to three years of financial assistance, including personal assistance. it basically pays living expenses so you can focus on your social entrepreneurship. jason: this is a guy who invented cap and trade. that is no small feat. chris: exactly. he was in the carter administration. he introduced cap and trade, which changed the way not only companies meet environmental regulations, but the way countries do around the world. carol: he is our game changer this week. you can understand why as you tell his tale. what is interesting is he sees the importance of entrepreneurs, who can have some wonderful ideas. chris: he said 59% of their programs they support end up enacting national change and one of the reasons we have made him game changer is over the years, since 1981, when 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? instead of 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: right. they don't really get government assistance. they get fundraising from venture capital. these are people who 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. carol: that is insane. he's creating an infrastructure to ensure there are different ideas, new ideas constantly coming. chris: he wants kids to grow up 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: it is interesting that he himself started as a mckinsey consultant. one of the most tried and true ways people get into business, but often times you see the road goes mckenzie, private equity, mckenzie, hedge fund, mckenzie, investment bank. and this is a guy modeling a different career path for a lot of people he is backing. chris: totally. think about mckinsey private equity, you look at companies that already exist. you look at how to fix and 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, he was like, how do i take this to the next level? jason: also in pursuits, we head to the caribbean. we do not get to go. carol: no, we did not, but nikki went. we have some advice from her. nikki: i am a hotel nut, and sometimes people have places they are very loyal to, but a silver lining to the hurricane s is even if the damage was minimal and 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. jason: you 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 mechanics and architecture. tell us what you found as he you looked into what people are

doing from a broader perspective, not just property by 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. unfortunately, if you recall when all of the news was coming out with the hurricanes, it was one of the hardest hit islands. it was a terrifying case, where even the prime minister was tweeting about how he lost his roof. nobody was safe. nine out of 10 homes lost their roof. infrastructure was pummeled. this was one of the worst case scenarios across a region where there are a lot of worst-case scenarios. it has only been eight months and dominica is one of the most incredible comeback stories. so hopeful. what they are trying to do is become the first climate resilient nation in the world. carol: that is interesting. talk to us about what they are trying to do. this includes power lines underground. nikki: everything you can imagine. they're working with the u.n.

development program 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 their roofs, the way they are thinking about their power lines going underground instead of where the lines can be downed by wind. they are thinking about the way they stockpile food in their schools, they are thinking about how to centralize supplies to clear roads and debris in a future storm. every single stone is being turned in an effort to make sure they can weather a direct hit within a matter of weeks instead of a year. jason: and you do hope -- you talked about the expanse of the caribbean and the islands in the hurricane belt that hopefully, there will be some work about best practices. you mentioned down to the types of window coverings and what is happening in the interiors. nikki: the wonderful thing about this story is everyone is invested in 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 from nonprofits trying to figure out how to make a difference. carol: "bloomberg businessweek" is available on newsstands now. jason: also online at businessweek.com and on our mobile app. all right, must-read. carol: must read, it looks at president trump pulling out of the nuclear accord with iran. this kind of creates an even 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: i like that story because europe is the obvious foil here, but china has a much bigger opportunity. it will be fascinating to see how this plays out. carol: exactly, amid this uncertainty. your must-read? jason: horses, hong kong, what an epic tale. benter really revolutionized and made possible online gambling, which is

booming and booming. i couldn't get enough of this story. carol: and won the impossible bet. jason: more bloomberg television starts right now. ♪ mom, dad, can we talk?

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