♪ carol: welcome to "bloomberg businessweek." i am carol massar. jason: i am jason kelly. we are here at the magazine's headquarters in new york. carol: in this weeks's issue, a lot of global stories. jason: we start with israel and bibi netanyahu. this week, new news about his political travails tied to his is no spirit this is a familiar story. carol: a lot of questions out

there. and speaking of questions, a lot of questions about the effectiveness of president trump's immigration policy. we know this is an important part of his form. there isn't necessarily the data everyone would like to see that supports what they are doing. jason: interesting bloomberg insights into this. one of our chief investigative reporters digs in there. we go to north korea to dig into the summit, its implications, but not just politically. jason: right. we take a look at the business story doing business in north korea. we catch up with cristina lindblad. it is our global cover story. >> we are short on information on how denuclearization will take place, but it was a chance to look at the north korean economy, look at the potential there is, and look at the massive risk, also. we talked to a lot of people about how they saw the future. carol: do people know at this point? do we have a good assessment of what the market potential is in korea? >> there have been studies done.

south korean companies have some experience working there. it is not a completely untapped market. there is some sense, but aside from the potential, there is the fact that it lacks any framework for foreign investment. or rule of law. jason: and i have to think that investors and ceos are taking something of a cue from the dealmaker president, who pointed out as he looked at the beaches , ideasecame a punchline of condos on the beach. the reality is, investors and ceos are looking and saying there is a consumer market there, there is a massive infrastructure play, a consumer market, a massive amount that could be done. what are the most likely places we could soon see real investments? cristina: soon? none. honestly. we talked to a lot of people.

jim rogers, who has long been bullish on north korea, says this is tremendous upside. this is china in 1980. that may be. there are gigantic deficits and infrastructure. than 10% ofng less the roads are paved. they have a disciplined workforce which is low-wage compared to south korea, but there is a history of companies that have been burned. i would say the advance guard when sanctions are lifted or when there is a way in which companies can go in without risking the wrath of the u.s., it is going to be chinese and south korean companies. they feel like they have a bit more knowledge of that market, right? jason: and more of an expansion into -- rather than greenfield type thing. cristina: aside from the minerals, which there is a lot of mineral wealth.

there is iron ore, gold, potentially oil offshore. jan: i think you mtied $ illi worth? carol: that is a lot. cristina: that number has been all over the place over the years. , it was $12 trillion. carol: right. christina: there are significant deposits. that could be something that attracts a certain type of company. the consumer market will attract other companies. and then there is the potential to see north korea become the mexico to south korea. a huge zone to manufacture electronics, so. jason: that is very interesting. city was a test for that kind of concept. that industrial park closed down

in 2016 after one of the nuclear tests, but there was a survey of south korean companies, and most want to get back in. carol: we are here with the creative director. and chris, you had to turn our global cover story into an image. chris: we were thinking about for a lot of people, north korea is a big frontier market, a big opportunity for them, but it is an arguable in maybe an opportunity. we don't know yet. chris: we wanted to be a little time in cheek about it and we were sort of reacting to the way president trump was talking about it and it could be a real estate opportunity. we decided to make the cover look like a big investment brochure and played up the cheekiness of it. jason: it is very much in line with the way the president presented this opportunity. he even to the leader of north korea, presented an ipad with a sizzle reel of what north korea could be. it seems like these are very much one in the me in sp at least. ris: we weng on that energy and we used that cheap

we creatednd away the cover with the bright colors, which played on the way north korea does their propaganda posters, and so all of these things came together with what we made. carol: it is an editorial decision in terms of how you chose to represent the cover. why go this direction when you could have shown the two leaders or just something safer? chris: i think once the summit wrapped up, we wanted to get , and maybe it is the land of opportunity, maybe a total black hole for people. jason: amazing to see where it goes from here. you set it up nicely. up next, what the g7 looks like if it turns into the g six, or g8 for this matter. carol:e'll talk next aut benjamin netanyahu's popularity. jason: this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i am carol massar. jason: i am jason kelly. you can find us online at businessweek.com. carroll: and on our mobile app. we open up the magazine this week with remarks from editor peter coy. jason: i love this guy, because he takes us to québec where there is a lot of controversy. president trump when income of talking about turning it into the g8, adding russia to the mix. when he left, they were talking about g6 plus one with the united states on the outside. carol: justin trudeau and some others. we got more from pet peter: he had agreed to sign the g7 statement. they always do that. there is always a communiqué at the end, standing up for values of democracy and free market and s and so on. and trump had agreed to it and then caught wind that justin trudeau, the prime minister of canada, had said some slightly

edgy things, saying he was going to retaliate if the u.s. put steel and aluminum tariffs on canada, that he would the same thing to the u.s. he said canadians are polite, but don't want to be pushed around. all the kind of stuff he would say. , flew into abrage rage, i would say, and said he was not going to sign -- or he withdrew u.s. support for the g7 statement. what i am trying to say is a lot of people have observed trump has this unusual penchant for being friendlier with america's enemies than its friends, trying to get at that, what is going on here. carol: so what is? to explain the story, you are explaining the case going through the wto involving ukraine and russia. talk to us a little bit about that and we will get back to trump.

peter: it is a little bit convoluted, but i will try to give the quick version, which we know russia invarts of ukraine, but russia is also imposing economic pressure on ukraine by making it hard for ukraine to ship goods to other countries like kazakhstan. they say you' having routed it through belarus. ukraine complained to the wto, russia cited part of the wto charter that all it needs to do is invoke its essential security concerns and the wto has to keep its mouth shut. that is sort of like, you can call it a trump card. carol: national security concerns. peter: most countries thought that seemed a little weak, all is sayl you need to do essential security and the whole thing goes away, but one country did take russia's side and that is the united states. jason: that has to have

something to do with the fact that national security is the exact reason the trump administration cited for the tariffs on canada. jason: on steel and aluminum, which are not not just against canada, but including against canada and mexico. jason:

did to provide an air defense for an aluminum smelter that produced the aluminum that made the american planes that fought in world war ii. carol: we are friends. peter: trump did not take that on board entirely and that is why he withdrew from the g7 statement, but the reason the u.s. is siding with russia of all countries is that it intends to use the same justification, national security, for why it can go ahead with these aluminum and steel tariffs against the wto rule. jason: in a feature section, we look at one of the most colorful figures in world politics today.

bibi netanyahu. carol: we do a deep dive. you have to keep in mind, he has been israel's longest-serving leader. he has been in politics over 20 years and is going for his fifth term. jason: but dogged by allegations of corruption, tricky dealings, submarines enter into this. carol: we got more from matthew campbell. matthew: while the prime dealing with high-level security issues, as you can imagine, there are four overlapping corruption investigations going on, three of which touch him directly, one of which does not touch him directly but certainly is taking and many who were -- in many who were close to him over the years. what this is, and i stress he denies wrongdoing in all of these affairs, is probably the biggest set of corruption investigation in israel in a very long time. each individually would probably not be at the top of the list, but given they are going on at once, it is a pretty grave threat to a premiership coming up on the 10-year mark. carol: we could probably spend half an hour on each allegation, -- allegations against the prime minister, but give us a sprinkling on what are some of the charges against him? matthew: there are four cases. the police have given them each a number. case number 1000 relates to gifts that benjamin netanyahu and his wife received from a hollywood producer and an australian billionaire. case 2000 has to do with a conversation the prime minister had with one of the largest newspaper groups, the police allege there was an improper quid pro quo going there. probably the most interesting as -- case 4000, which is probably the most interesting as a business story, relates to his relationship with the largest telecommunications company in israel. case 3000, the other case relates to submarines and naval

contracts in germany, where police believe there may be evidence of corruption. jason: before we dig into some of those, i want to ask you to take a step back and remind us where netanyahu fits not in the israeli political landscape, but the global political landscape. he is not new to the scene. he is a name we have heard for a number of decades. who is he? matthew: he is a former diplomat, born in israel, though grew up in the united states for his formative years near philadelphia. he is culturally almost as american as he is israeli, which is one of the reasons he has been able to cultivate a pretty strong following on capitol hill and elsewhere in the u.s. he is the dominant figure of the israeli right, that has been true for at least a decade. he was elected prime minister in his most recent stretch in 2009 and where he stands out as a politician is that he is the person who has been able to unite the israeli right. and like the american right, the israeli right is a fairly fractious group. you have a large religious component, economic conservatives, settler nationalist coont and netanyahu, more than anyone else, is the person who can get those warring tribes on the same page. he is really dominant in israel. he is quite popular, though certainly despised by much of the israeli left and internationally, he has been a very effective diplomat. israel is at peace if not working quietly alongside saudi arabia and other arab states, which is an incredible development and it is remarkable that these achievements abroad

-- successes abroad are being overshadowed by corruption at home in some ways. carol: next, the immigration authority in the u.s. clamps down and ramps up secrecy. jason: and the trump trend of appointing someone to oversee an agency he despises continues. carol:his "bloomberg businessweek." ♪

♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: i am 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. we turn to the politics section and a cornerstone of president's immigration policy is the idea that so many undocumented folks are criminals. carol: exactly, and we aren't sure the data is out there to support that. jason: it is getting even harder to figure out what that data says. carol: we did some digging through reporting. >> they were hammering home the point that so-called sanctuary cities like new york don't honor these notices called detainers to hold onto people they have in custody already so ice can pick them up. they are basically saying they ignored 440 of these detainers from us and release these people. some of whom are criminals that get picked up right away again. they are endangering their own

communities unnecessarily by having this political stance not to cooperate with ice. jason: let's go back to this idea of immigration being at the core politically and rhetorically of the trump administration. this is one of the key issues. how is it actually playing out statistically?

much as we used to. these executive orders came five days into the trump administration, saying we are cracking down, we are going to get criminals off the streets and deport them. carol: and that they are criminals. dune: right, but in fact, they are in the middle of this interesting freedom of information battle because they won't release statistics that show how they are implementing those policies and for all these people they are trying to detain, what are the criminal histories? we don't know that anymore because they are fighting not to release it under the freedom of information act. carol: why are they not? in other words, before previous administrations were and now they are not? dune: it started about two weeks before trump was inaugurated. they denied these requests -- freedom of information requests that this research organization out of syracuse university has been submitting for years, every month and have been getting them for years. not without a fight. it's not like ice has been saying, take all of our information, but they have been getting regular data dumps from ice and it has allowed them to track immigration policy. jason: because what they are asking for is what? what is in the data?

dune: things like detainers, which is when ice is requesting local law enforcement hold on to people they have booked so they can get them. when the issue the detainers, how often are they honored by the local law enforcement? why were they prioritized? what was their criminal history and why did ice issue a detainer for them? is it because they are this horrible criminal, or did they have traffic violations? they are not issuing that anymore. jason: because these researchers are essentially trying to study the effectiveness -- dune: according to their own goals. carol: the trump administration's own goals. dune: the trump administration's own goals. are you trying to improve public safety and take people off the street who have criminal histories and are violating immigration laws? great, but this organization is trying to show how often that is actually true, that these people they are trying to pick up have serious criminal histories. carol: so does this organization track? tell us who they are. one is suing. there is one in new york and one

in washington. dune: it was founded in 1989. they collect about 250 million records from various agencies every month. freedom ofke information act activists who are trying to get information from the government so they can analyze it because there are politics. if it is convenient, the government will say this is what we are doing and here is the data to show it. if not convenient, they may not. they are just trying to track exactly what is going on. carol: in the feature section, president um noming the accuweather ceo and president trump wants him to be the undersecretary of the national weather service. it is an interesting nomination. jason: that is because this is the guy for 30 years plus has been fighting this agency. devin leonard has carved out and something of a beat for himself looking at people appointed to agencies that they really don't

like. carol: exactly. we got more from devin. devin: the ceo of accuweather has been nominated to run the national oceanic and atmospheric administration, which includes the national weather service. anyway, the more you find out about him and his backgroundit raises questions about why him? is he the right guy? jason: the guy who runs private company being put in charge of the agency that oversees the activities of those companies. am i reading that right? devin: it is even richer than that. the national weather service issues forecasts and forecasting data four times a day. and commercial companies like accuweather gets this data for free from the national weather service. that is their business, repackaging that data from the national weather service. carol: no accuweather if they didn't get that data from the national weather service? devin: and no weather channel

and so on and so on. jason: what is the universe here? how does it get disseminated? devin: commercial forecasters and all sort of people, emergency managers, they take that data and use it to make forecast. the national weather service also make severe weather warnings and that stuff. there is this whole ecosystem that it relies on that is important. you and i can go to the national weather service website and get that stuff for free. we can also listen on the radio, the maritime warnings and that stuff. it is really this great government service, but barry meyers, the ceo now, they have had a contentious relationship with the national weather service. carol: that is the point. you make that early on. you state almost from the get-go, accuweather has gone after the national weather service. talk to us about that history. devin: in the 1960's and 1970's,

this commercial weather industry evolved and accuweather was founded in 1962. there are whole sort of marketing strategy is to say we are better than the national weather service. carol: more accurate. devin: that is the whole thing. i had somebody from, a former national weather service guy say we are accuweather, and that crawl of ak in the lot of forecasters. carol: even though the information of accuweather is based on the national weather service. devin: they are able to targeted target it and make it more specific for private clients, . the national weather service has to prepare these broad forecast for everybody. accuweather's position is, we want you to get out of the public dissemination of weather data. that is something the private sector should be doing and that is unfair competition. carol: up next, how a female

libido pill got a second shot at the market. jason: and how banks are catering to the richest people on the planet. carol: this is "bloomberg businessweek." ♪

♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: i am carol massar. still ahead, the self driving craze turning to delivery. jason: banks are setting sites even more on the ultrarich. carol: and we will talk about one of our features having to do with the little pink pill. jason: it went away and now it when awayjason: it went away and now it is back. this is the libido pill. not the little blue pill, this is the little pink pill. you carol: we got more from cynthia.

cynthia: it is the first drug approved for female desire disorders, and it is a specific treatment whereas viagra is for functionality, this is for desire. carol: how do you define it? cynthia: exactly. it is a tricky concept. the condition this treats is called hypo-sexual desire disorder. it is six months of low or no libido and it causes the woman distress. that is a critical part of the diagnosis that often gets lost. it is not the woman who has never had much of a sex drive, it is someone who has had and for some reason, it has gone away. the patients i have spoken to are clear on this idea they knew they had this appetite previously and it is gone. it is like sitting in front of a meal and no interest. this is a condition and is distressing for these women because it can impact relationships.

jason: to some extent, the controversy around this drug starts all the way back at the very definitional level. you have people who question even what you said. cynthia: the people who are very opposed to this would say hsdc is not a condition. sexuality is a wide spectrum and desire can range from low to high and people should rethink norms and in terms of the societal and cultural influences on their desire. that school of thought has led to a very vocal opposition to this drug and you see it said through in lots of other ways in the way that the opposition -- they have that perspective, but there is a lot more mainstream opposition in a lot of press. even when i was researching this i was surprised by how much of , this i saw. very negative on the drug even in the mainstream press. it comes back to the larger skepticism around the pharmaceutical industry and are

they making things up to drug them and treat them. to this point, you have brain scans that show people with this condition having a different response to stimulus or erotic material. carol: talk about the science behind it. cynthia: there is this whole school of people in sexual medicine who have a lot of hard data that show, in brain scans that showed this is what happened to people with this condition. this might be the emergence of our understanding of depression in that in the beginning, there was a sense that this might be someone else's normality and pharma is tried to capitalize it. -- trying to capitalize on it. there may be corollaries, but the layers of the mental health element are there, but it is also about sex. that is a loaded conversation to be had in the public domain. jason: in the finance section,

the superrich keep finding ways to get super richer. carol: and they've got the big banks to help them. they want this business. simone: it is not just billires. just having a billion dollars in the bank is not going to cut it. these investment bakers come and try to court you. to 60of the top 55 families, family backed investment firms in the country that are doing things like buying and selling businesses, investing in millions of dollars in businesses and doing a lot of these transactions. enough so that it makes sense for the banks to have a whole unit dedicated to covering these folks. carol: these really wealthy individuals -- and we are talking the top quarter percent? not even the 1%. these are mega-wealthy. jason: .01. carol: they are looking for

different kinds of investment. they are going into the world of private equity. they want to own companies, so they are competing for these kinds of ventures. simone: this is sort of a growing trend. you see there was $25 billion worth of family deals in 2011, according to pitch book. five years later, there were $100 billion worth of these deals. part of it is that the market has been going higher, right? if you own a share of a family business, it is probably worth more than it was five years ago, but that has been a really attractive investment for these family offices. investment firms that look like family offices. jason: one of the fascinating things about this is the idea that the jpmorgan's and goldmans are trying to bank the next titans. in fact, they are trying to find the next jpmorgan to surface in this case. simone: and that is how a lot of these banks became prominent and

they stopped doing as much business with billionaires because it was riskier, frankly. jason: interesting. simone: this was a cool thing i lehe course of reporting this story. until the great depression, a lot of these banks were private and could take a lot of risks and could invest alongside the billionaires in merchant banks. that stopped after the great depression and security laws came in and the banks went public and suddenly, you had corporations and companies. even if they were tied to one family. we were seeing a shift where vehicles are getting so sophisticated, but they are almost beyond owning and operating business. carol: next, the ceo of driverless delivery startup, euro. jason gomez plus the pursuit guide to entertaining. and we talked to renowned standard hotel chef. carol: plus, a survival guide

for showing up at a party alone. jason: this is "bloomberg businessweek." ♪

jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: you can find us online at businessweek.com. jason: and on our mobile app. in the tech section, a profile of a driverless delivery company. carol: and we mean they aren't shuttling around people. you they do things like on-demand orders for things like you back pizza. you jason: we got the backstory from the ceo and our own mark bergen. >> we have a couple of engineers that worked on the google self driving project for years and then started their own project. the premise is they are building zero self driving cars delivering goods and not people. you have waymo, you

have a google project, g.m.'s cruise, uber, all of these companies working on self driving cars are first focusing on building a ride-hailing service for passengers and then will get into this bigger market of delivery and packages. his company is saying we will solve delivery first.we re going to get there first, and we think this is a trillion dollar market. >> we are lucky enough to be joined by the co-founder, dave ferguson. where did the idea come from to start this company? >> my co-founder and i spent many years at google working on the self driving car project and were inspired by what a small team of people were able to do. google in many ways has accelerated the entire industry of self driving transportation, and we will get to a future where we are saving up to one million lives a year worldwide. we will probably get there a couple of years sooner than we would have otherwise because google started this project. we were inspired and wanted to accelerate other industries in a similar way to how google has done it was self driving

passenger vehicles. when we started nuro, we had a mission of robotics for every day life. we thought of a bunch of different application opportunities and the more we tossed them around, the more excited we were about local commerce. in particular, how we could use self driving technology to transport goods rather than people. jason: so tell us where we are at this moment in june 2018. it feels like self driving has been "slowing down and speeding up" to some extent in the public perception, at least. where are we now and what is the next big step forward? dave: we have seen a number of exciting things. waymo has been offering a fully unmanned service in arizona, which is a huge milestone in self driving. what we are trying to do it as a company at nuro is offer a

service to real customers using real retail partners with fully unmanned vehicles. we are seeing some of the key accomplishments and milestones in the field happening in a pretty short succession. taylor: given some of the crashes and local crackdown when some cities and states come in to a tesla or uber and get pretty nervous about this technology, how do you feel about safety? have you hit any stumbling here blocks here as the technology is relatively new? dave: speaking from nuro's perspective specifically, safety and is one of the major goals and really one of the motivating and factors for why we are doing what we do. i by custom designing a vehicle from the ground up just for goods, we can make it significantly safer than even the safest passenger vehicle on the road. a not to spend too much time on

this, but a couple of points. you will our vehicle is half the width of a standard passenger vehicle, which means it can give an extra three to four feet of you an extra three to four feet of safety buffer in the most will enjoy difficult situation such as a kid running into the you are such as a kid running into the you are road. a you and we can also design the entire front of the vehicle and underlying chassis to be much less severe in the case of any accident. we can effectively try to build you are something that is more like a cardboard box rolling down the road than a large-scale truck. of the jason: next, the pursuit summer entertainment guide. and carol: how to serve the perfect drink. : and be the most prolific social butterfly. carol: and we are joined by chef angela. jason: this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i'm carol massar.

jason: and i'm 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 in and in asia on the bloomberg radio plus app. this week's pursuit is devoted to summer entertaining. rather timely. jason: absolutely, and we start with a game changer. she is angela a renowned chef at , standard hotels. angela: i just got hired at the standard international hotel group and i am the creative director for food and culture, a really unique title and i am really excited about it. carol: what does that mean? i think of the creative director for a museum or something and i get it. what does it mean? angela: it is kind of what i

wanted it to be. the position was created for me, which is a really unique route that i never thought i would go in and that happened because the ceo was interested in working with me as a chef and -- at one of our development properties and realized that the work that i had been doing was really fast -- vast and weird. carol: you do think out-of-the-box. how do you approach food? angela: food for me -- it was something i did at home as a chore in my family. i have five brothers and sisters, but it is something i wanted to do. i was a kid who woke up at 6:00 in the morning to watch food tv shows. julia child, instead of cartoons. i would watch cartoons and play video games too, but it was , always something i would do. it was always a social activity and as i got older and moved to new york, i grew my social world through food and a lot of the people i really liked that

inspired me in new york city were people also outside of the cooking world, so i really liked to integrate artists, designers, people in fashion, activism and for me, because food can bring people together, it was really easy to do that. more so recently. after becoming a more established chef over the years, people have been more excited to think about themselves and the -- in the food world doing collaborative work with me. then, it becomes a really genuine, curious experience and -- instead of it feeling like really precious and only craft oriented because out of all my friends, everyone has an interest in food. i think everyone does, not just my friends. it is an easy narrative for people to jump in with. jason: what is the connection between food and art? angela: i think art is inherently political. i think food is an expression of

art and a lot of my chef peers i really love are doing work that is driven by personal identity politics. there is a way we can all communicate and people just have an inherent feeling toward food. a unique feeling, and we can all relate. jason: this entertainment section was largely put together by mark and kate. they are entertaining in their own right. carol: we had a fun conversation and the two had a lot of smart advice. mark: when you go to a party, you want to know how to mingle and i spoke to a professional introducer. imagine your job is just to make small talk. she is like queen elizabeth, but gets paid to do it. she talks to lots of strangers all the time. >> what is the tip? one of the things i love, you know when you turn up to a party too early? we have all done this. i don't know anyone, you stand in the corner, check your phone, everyone is staring at me. what i do is you get two drinks

and it scans like you are waiting for someone. you are suddenly absorbed into the wider group. if someone comes up to you, say my friend is not here, do you want this wine? it is a conversation and icebreaker. if you are left alone, you drink them both. carol: and if you don't like them, you can say wait a minute i'm finding my friend and you can make a beeline. >> maybe i am a bit brazen. >> i just say, that might be the most important lesson i learned. i will never go to a bar, especially an open bar and not take two drinks. carol: i think all of us have gotten caught in a conversation that you cannot break away. the person either doesn't stop talking -- what do you do in that case? >> i think mark ellwood knows exactly. >> i am just a mean person, basically. no, i think the big trouble we all have is -- i have enjoyed meeting you, but i don't want to spend the whole party with you. that is not rude. it has been great chatting. jason: that is an unsuccessful

party if you meet just one person. >> if you meet one person, it is a date. if you meet five people, it's a party. >> wait a minute. jason: this is the entertainment guide. >> what i would always suggest is the amateur way to get rid of someone is to say i'm going to the bathroom or the bar. it happens to me all the time. >> to the bathroom? >> they can go with you. what i would always say, you can either -- keep the phone on silent at a party and i say it is buzzing in my pocket. i don't know what it is that keeps buzzing, will you excuse me? >> that is so smart. jason: nice one. carol: we are all taking notes. >> the other thing i heard is that if you are in a dreadful conversation, you spill the drink on yourself. hopefully it is a white wine. mark: i have done that.

it is the nuclear option at a party. you know the guy who hacked an arm off when he couldn't get out from under a boulder? it's that. >> we have to talk about how to mingle if you go there by yourself, but it is a lot about the food and drink. one interesting section was you talked about how to throw your best dinner and talked about a practice run, maybe a theme? these are things to think about , too. kate: and there is only one teenager in the whole world you would ask for advice from a dinner party. the last person you would ask is a teenager. there is a guy, flynn, who is literally 19 years old and started throwing dinner parties when he was 12 using the french laundry cookbook. he just opened this really cool restaurant on the lower side of manhattan. he throws a dinner party every night. he gave us some tips and the one thing he can't speak to is alcohol.

we will let mark ellwood speak to that. >> the smell of vodka this morning. >> but he said one thing to do is never try to do individual servings. if you think you are going to serve your table of 10 each a salad, do not do it. do family-style, but don't do one big platter because that will look like a crime scene after a while. jason: i thought that was a good note, the idea of family-style, move it around. mark: like a nonnuclear family style. a blended family. jason: so what are we drinking? as we are mingling and eating, what are we drinking? mark: i was going to say, kate, tell me what you would drink and i will answer because i would eat vodka. >> that is great if you are spilling it on yourself. in fact, we said gin, literally the booze to drink this summer. one great thing to do is have gin and tonic because there are

so many great gins and so many great tonics. you can basically eyeball them. it is basically two and two. you don't have to sit there with your shaker and you're measuring things out. you just pour, it is the easy way to throw a party. mark: when you are planning a party, you picture yourself like tom cruise in cocktail, behind the bar. the minute people arrive, you wonder why am i stuck here not mingling? you can serve yourself. whereas with a gin and tonic bar, because there are so many tonics and there are so many gins, it is lots of different drinks that are self-serve and are kind of interesting and conversation starters. carol: one of my favorite parts of the entertainment section has to be the drink guide. jason: we turn to an author, journalist, and bartender. you had 10 drinks you featured,

but this was the number one. tell us about it. >> the first drinks i started with were gin and tonic, ways -- things to start your day, but this is my entertaining package. it is called a stoplight. obviously, the pageantry of making drinks, the optics are very important. carol: why is it called a stoplight? jim: i figured it would be fun when making the drink to have a green bottle, or two in this case, a yellow bottle, and a red bottle to remind you of the stoplights. these are all the ingredients in the drink. carol: what is it? jim: it is a variation on an old pal, a whiskey drink. gin, vermouth, an italian herbal liquor, and an italian bitter.

jason: how complicated is it? jim: to be honest, it is simple. all we are adding is a quarter ounce, three quarters ounce, and ounce and a half of gin. if you were having a party, you could put all this together into a pitcher, serve it by the pitcher. carol: that makes it easier. jim: we are garnishing it with a lemon twist to bring out the citrusy aromatics. the secret of this drink is the cucumber wheel. cucumber is such a great ingredient because the rind is bitter, the meat is melony and it has great aromatics. you have aromatics of citrus and cucumber and this light, refreshing bitter drink to finish your night. carol: you look at it and it is a martini. jim to some, it might say go, to : some, wait. some people at that point might have had enough. carol: at morning, lunch, or at night. jason: i am going green light.

can i? jim: go ahead. jason: that is dangerous. carol: can i try it? we are sharing. that is nice. jason: well done. jim thank you. : give it a go. jason: thank you for bringing us this special treat. jim: absolutely. carol: "bloomberg businessweek" is available on newsstands now. jason: and at businessweek.com and on our mobile app. carol: the must-read is the global cover story about north korea and the united states. a historic summit in terms of this meeting. big political story, but everybody is trying to figure, s next iterms of the business story? what is the business potential of north korea? jason: i'm a card-carrying member of the peter coy fan club. coming out of the g7, there were so many unanswered questions and so many unexpected things that happened right as the meeting was ended and on the way to north korea. it is fascinating to dig into.

carol: more bloomberg television starts right now. ♪

nejra: revising the rule the s.e.c. reforms the law bringing regulators closing to rolling it back. cracking the whip. the arctic of it gdp are tells bloomberg exclusively how she plans to police countries that have not adapted to the new regime. a risky business. we look at how countries are adapting to avoid falling foul of u.s. sanctions. welcome to "bloomberg markets: rules & returns." i am nejra cehic. this is to show where we delve into the regulatory challenges and opport