♪ >> welcome to bloomberg businessweek. i am carol. >> and jason. >> we have a lot of global stories. >> we start in israel. about the height to his business. this is a familiar story. questionsot of the

are about effectiveness. president trump and his immigration policy. this has been an important part of his platform. there is not been data to support what they are doing. jason: interesting bloomberg insights. one of our team investigate reporters days into that. we go into north korea to dig into the summit, is implications and not just politically. carol: we look at the business story. we caught up with christina. we are short on particulars about how denuclearization will take place. it was a time for people to look at north korea, look at the positive potential and look at the massive risk. that is what we did. we talked to a lot of people about how they saw the future. jason: do you have a good assessment of what the potential -- the market potential is? >> there have been studies done. havering companies

operations. they have some experience working there. it is not a completely unfounded, untapped market. there is some sense. aside from the potential, there is the fact that it lacks any sort of framework for foreign investment or rule of law. jason: i vto inthat ors and ceos are taking something of a cue from the dealmaker president who pointed out -- as he looked at the -- the joke was that he could see condos on those beaches. people are wondering if there is a consumer market there. there is a massive amount that could be done. most likely places where we could soon see some real investment. >> soon? none.

jim rogers has long been bullish on north korea said this is tremendous upside. this is china in 1980. that may e. there are gigantic deficits and infrastructure. it has a disciplined workforce which is low when compared to south korea. is a history of companies that have been burned. i would say that when there is a way in which companies can go in risking the wrath of the u.s., it will be chinese and south korean companies. they feel like they have a bit more knowledge of that market. expansion more of an into that greenfield type. >> that is right.

aside from the minerals, there is iron ore, there is gold. potentially there is oil offshore. that number has been all over the place. at one point it was 12 trillion. there are significant deposits. that could be something that attracts a certain type of company. potential ofs the same which north korea will become themexico to south korea. you can manufacture electronics. this was a test for that kind of concept. that industrial park closed down in 2016 after one of the new test. there was a survey of passive house 2400 south korean companies. this was our global cover

story. -- forere thinking about a lot of people, north korea is a big frontier market. it is an arguable thing. we want to be a little tongue-in-cheek about it. we were reacting a little bit to the way president trump was talking about it. we were thinking about it as a real estate opportunity. --made the cover look as like this big investment opportunity. very much in line with the way the president presented as opportunity. thisesented an ipad with is a real about what north korea could be. it seems like he is a very much one in the same in spirit. chris: we were riffing on that energy. there was that cheap aesthetic.

off ofght colors played the way that north korea does their popada posters. all these things came together. >> it is an editorial decision. wigle does direction when you could have just shown to leaders who did something much more safe? once the summit had wrapped up, we want to get up as tension people are having. maybe it is a land of opportunity, maybe it is a black hole. jason: interesting to see where it goes from here. you set it up nicely. what the g7 may look like if it turns into the g six or g8. is benjamin netanyahu's true popularity? jason: this is bloomberg businessweek.

♪ carol: welcome back to bloomberg businessweek. jason: you can find us online at businessweek.com. open up the magazine this week with remarks from this economic senator. jason: i love this guy because he takes us to quebec where there was a lot of controversy. president trump talked about turning it back to the g8. adding russia back to the mix. left, -- e they carol: this alienated justin trudeau and many others. >> he agreed to sign the g7 statement. atre is always a communique the end, standing up for values of democracy. trump had agreed to it. then he caught wind that justin said some slightly egy

things. he said he was going to retaliate if the president put tariffs on tariffs on steel and aluminum. trump took umbrage to this. people into a rage and said he would withdraw support for the g7 statement. what i'm saying is that a lot of people want -- who observed that trump has a penchant for being friendly with america's enemies -- trying to get at that, what is really going on here? to expand the story, you referenced a case of going through the world trade organization involving ukraine and russia. talk to us about that. it is a little convoluted.

i will try to give the quick version. russia is also imposing economic pressure on ukraine by making it hard work ukraine to ship to other countries like oz extent. ukraine complaints to the world trade organization. russia put up a defense by saving part of the world trade organization charter. invokey need to do is the essential security concerns. carol: that is national security concern. >> most countries thought that seemed a little week. all you need to do is say essential security and the whole issue goes away. one country did take russia's side. that is the united states. that has to have something to do with the fact that national

security is the exact same reason the trump administration cited for the tabs it on canada -- steel and aluminum. carol: this meant prime minister trudeau, and say we have been allies for a long time as a we are ends. thehere is a great part of toronto star -- a canadian official related that trudeau explained to trump that the airbase you enter that? the reason that it is that is anduse it was erected provided air defense for a gigantic aluminum smelter. if it is the aluminum that made american planes that fought in world war ii. trump did not take that on board. that is why he withdrew from the g7 statement. the reason the u.s. is siding

with russia of all countries is because it tends to use the exact same justification -- national security for what it can go ahead with these aluminum and steel tariffs against the rules. we look at one of the most controversial and colorful in world politics today. this is benjamin netanyahu. carol: he has been in politics for over 20 years. >>. by allegations of corruption, tricky jones he had, submarines enter into this. it is pretty interesting. carol: we have more from matthew campo. matthew: benjamin netanyahu is dealing with high-level security issues. there are four overlapping corruption investigations going on. three of which touch him directly. one of which does not touch them directly but is taking in many

of the people. -- i should stress that these are all being done -- this is the biggest set of corruption investigation in israel and a long time. would not beally right at the top of the list, given their all going on at once, it is a pretty grave threat to a premiership that is coming up on the tenure mark. >> we can probably spent have an hour each on the allegations against the prime ister. give us a spring point of what some of the charges are against him. matthew: there are four cases. the police have given them a number. case 1000 relates to a gift that benjamin netanyahu received from a hollywood oducer and australian billion in. case 2000 has to do with a conversation that he had with

one of israel's largest newspaper groups. police allege there was an improper it broke while going on. -- quid pro quo going on. to hist relates relationship to this company in israel. case 3000 is about summering contracts. always believe there may be evidence of corruption. ,ason: before we dig into those take a step back and remind us where netanyahu fits in the global political landscape. he is not new to the scene, he is a name that we have heard for a number of debt and. who is he? matthew: he is a former diplomat. he grew up in the united states.

almost asurally american as his israeli. that is the reason has been able to cultivate a priest from following on capitol hill and elsewhere in the u.s.. he was elected prime minister in 2009. where he stands out as a politician is that he is the person who has been able to unite the israeli right. right, it is aan very fractured group. you have conservatives, there is a religious component. you have settler national -- nationalist components. netanyahu is the person who can get those warring tribes on the same page. really dominant.

of course, internationally he has been a very effective diplomat. israel is now at peace. this is a incrible development. theseremarkable that successes abroad are being overshadowed by these corruption investigations at home in some way. next, the immigration authority and the u.s. clamps down and wraps of secrecy. >> from trying to appoint someone to oversee an agency he despises continues. >> this is bloomberg businessweek.

>> will come back to bloomberg businessweek. and jason kelly. carol: you can listen to us on sirius radio.

jason: you c also listen to us in london. and in asia on the radio one plus app. we turn to the politics section. a cornerstone of president trump's immigration policy is the idea that so many arecumented people criminals. >> we are not sure if the data is out there to support that. >> it is getting hard to figure says.at that data >> there are hammering on this point that sanctuary cities like notices don't are these called detainers to hold onto people they have in custody already so that ice can come pick them up. they are saying that they ignored 440 and then they just go and released his people. some of them are criminals who get picked up right away again. they are endangering the own communities unnecessarily by having this political stance not to cooperate with ice. let's go back one step to

immigration being at theo politically and rhetorically of the trumpet ministration. this is one of the key issues. how is it actually playing out statistically? know as much as we used to. these executive orders came five days into the trump saying we are cracking down, we will get all of these criminals off the streets and deport them right away. now, they are in the middle of this very interesting information battle. they won't release statistics that show exactly how their implement in those policies. for all these people they're trying to detain, what are the criminal histories? we don't know that anymore. they are funny not to release it.

-- fighting not to release it. >> why are they not? whence it started a little bit before trump. they started two weeks before trump came and was inaugurated. this is different of information request that they denied. they have been submitting for years, every month. they been getting them for years. not without a fight. they have been getting regular data dumps from ice. it has allowed them to track immigration policy. jason: what they're asking for is what? like the tenors. they canquesting that hold onto them. of detainers, how

often are they honored by local law enforcement? what was the criminal history? why did ice issue a detainer? is it because their this horrible criminal or do they have traffic violations? they're not issuing that anymore. they are trying to study the effectiveness. >> according to their own goals. if you're looking at -- if you're trying to improve public safety and take people off the street, criminal histories are also violating immigration laws? great. this organization is trying to show how often that is actually true. these people are trying to have serious criminal histories. >> this organizational track, tell us who they are. one in new york, one in washington? >> it was out in 1989.

they collected 250 million records every month. this is a really hard-core freedom of information act. it is to me, the government is going to say it was hard. >> present from nominated the ceo. president trump want them to -- >> this is the guy for the last 30 years plus has been fighting this agency. looking at people appointed to agencies that they've i don't like.

the ceo of accuweather has been nominated to run the atmospheric administration. you find out about his background. >> the going was the private company being put in charge of the agency who ultimately oversees the activities of the other companies. >> the forecasting data or times a day and copies like accuweather, they get all this data for free. no weather channel.

>> they take that data. they use that to make type forecasts. the national weather service also makes severe weather warnings. you and i can just go to the national weather service website and get something free. we can also listen to the maritime warnings and other stuff. it is this great government service. barry myers has this history. he is the head of accuweather. he is the ceo now. he has had a contentious relationship with the national weather service. 70's, this and

commercial weather industry evolved. accuweather was founded in 1962. the whole market is tragedy -- marketing strategy was that they are better. >> even though the data is based -- accuweather's information is based on the national weather service. target and able to make it more specific private class. the national weather service have had is brought forecast for everyone. accuweather's position is that we want you to get out of the public dissemination weather data. that is available private sector should be doing. that is unfair competition. carol: up next, how a female

libido upheld got a second shot at the market. this is bloomberg businessweek.

♪ jason: welcome back to bloomberg businessweek. i am jason kelly. carol: i am carol massar. turning to delivery. jason: banks are setting their sights on the ultrarich. carol: we will talk about one of our features that has to with this little pink pill. jason: it went away and now it is back. this is the libido pill.

this is a little pink pill. carol: this is the first ever drug for female desire disorders. viagra is a treatment for the actual functionality. this is a treatment for desire. when you're not into it, it is a tricky concept. is condition of this trade hypo hypol desire -- sexual desire disorder. this refers to months of low libido. this is a woman who had sex tried and for some reason, it has gone away. the patients i have spoken to are very clear on this idea that they knew they had this appetite previously and now it is gone. they have no interest. it is very distressing for these

women because it can impact relationships. >> to some extent, the controversy around this drug stthou it back at the -- the very definitional level. is that right? you have who question what you just said. there are people who will say that this is not a condition. that sexuality is a wide spectrum and that people should be able to rethink the norms and rethink of the societal and cultural influences on the desire. that's will thought has led to a very vocal operas -- opposition to this drug. you see it in lots of other ways. this is in the way that the -- they have this perspective. there's a lot more mainstream opposition that you see. even when i was researching this, i was very negative on the drug from the mainstream press. up the aroundill

whether this is real, it comes back to this larger skepticism run the pharmaceutical industry. to this point, you have brain scans that showed people with this condition having a different response to stimulus or erotic material. there is this whole school of people in sexual medicine who have a lot of hard data that show in brain scans that this is what happens to people with the condition. this might be the emergence of our understanding of depression. in the beginning, there was a sense that this might be someone else's normality. there may be some core areas there. this is even harder to get to the root of because there are layers of mental health element. it is also about sex. that is a very loaded conversation to be had in the public domain. finance section, the

supervision just keep finding it way to get superrich are -- more super rich. >> this is dealmaking billionaires that transact a lot. just having a billion dollars in the bank will not cut it. you need investment bankers to come and try to court you. or 60are the top 55 families. firms backed investment in the country that are doing things like buying and selling businesses. with millionsng of dollars in businesses. there it is really wealthy individuals. these are mega-wealthy people.

they go to the world of private equity. >> this is a growing trend. you see there were $25 million worth of family office deals in 2011. part of it is that the market has been going higher. if you own a share of a family business, it is probably worth more than it was five years ago. was a really attractive investment for this family offices. one of the fascinating things about this to me is this idea that the jp's on the goldmans are trying to bank. >> there was a lot of how these

banks -- how they became prominent. as much ind doing this business with the billionaires. this is a cool thing that i learned. depression, at lot of things work private. that stopped after the great depression. suddenly you had big corporations and big companies doing things, even if they were tied to one family. we are sort of seeing a shift away these vehicles are getting so sophisticated. almost all of them are beyond owning and operating business. >> up next, we will hear from the ceo of the driverless delivery startup. >> we talked to angela.

plus we have a survival guide for showing up at a party alone. >> this is bloomberg businessweek.

♪ welcome back to bloomberg businessweek. i'm jason kelly. carol: i am carol massar. in the tech section, a profile of narrow. this is a driverless delivery company. shuttling around people, they do on-demand orders like peter. >> we got the backstory from the ceo. engineersa couple of who work on the google self driving project for many years. two years ago they went off to start their own project. -- numeral of narrow you have all these

companies working on self driving cars. they are trying to build a ride-hailing service for passengers. they say after that, we'll get into this bigger market of delivery and packages. neuro is saying we will get there first. we think this is a huge trillion dollar market. carol: we are lucky enough to be joined by the cofounder of neuro. where did the idea come to stop this company? as googlet many years working on the self-driving car project. we were inspired by what a small team of people were able to do that. google has a celebrated entire industry of self driving transportation. we will get to a future when we are saving up to a million lives per year worldwide. we will get there sooner because google started this project. we were very inspired by that. we wanted to go a celibate other

industries and similar ways to how self -- google has done it with self driving passenger vehicles. this company, we wanted to accelerate robotics for everyday life. we thought about a bunch of different application opportunities. the more we toss them around, the more excited we were about local commerce and impetigo how we can use self driving technology to transport goods rather than people. are intell us where we june of 2018. it feels like self driving has and speedingdown up to some extent in the public perception. where are we right now? what is the next big step forward? ofwe see a number milestones. waymo has been offering the service to a limited state of the public. is a huge milestone in the whole history of self driving.

what we are trying to do is offer a service to real customers. using real retail partners later this year with only unmanned vehicles as well. think we are seeing pretty key a competence and milestones in the field happening in a pretty short succession. you talk about you milestones but given some of the crashes and the local crackdown when some cities and states come in to tesla and hoover and get nervous, how do you feel about this? have you had any stumbling blocks? speaking from our perspective, safety is one of the major goals.

our perspective, safety is one of the major goals. we think that by customizing is from the ground up, not just to spend too much time on this but to get into a couple of points, our vehicle is have to with other standard has your vehicle. it can give an extra three or four feet of the safety buffer in the most difficult situations. such as someone's getting out of a car. design the entire front of the vehicle and the underlying part to be much less severe in the case of any accident. something like a cardboard box. up next, thepursuit summer entertainment guide. carol: how to serve the purpose of drink. -- the perfect drink. this is bloomberg businessweek.

♪

carol: welcome back to bloomberg businessweek. i am carol massar. jason: i am jason kelly. you can listen to us on the radio. we are in new york, boston, washington, dc and the bay area. also in london and asia on the radio one plus at. this one is devoted to summer entertaining. jason: we start with a game changer. she is angela. this is a renowned chef. i got hired at the standard international hotel group. i am the creative director for food and culture. >> tells what that means. what does it mean? >> it is whatever i make it up to be. the position was created specifically for me. way thatreally unique

i never thought i would go in. that happened because of the ceo. he wanted to work with me as a chef at one of our development properties. work being done was really fast and really weird. you think out-of-the-box. how do you approach food? >> food was something i did as a chore at home. i have five brothers and sisters but it was something i wanted to do. i was a kid that looked up at six in the morning to watch pbs food tv shows. julia child and jack le pen. i would watch cartoons and video games but that was something i liked to do. it was always the social activity for me. as i became old and moved to new worldi grew my social

through food. a lot of the people i liked that inspired me in new york city where people outside of the cooking world. i really like to integrate that. artists, designers, people fashion, activism. food can bring people together, it was really easy to do that. more so, recently, after becoming a more established chef after the years, people have been more excited to think about themselves with the collaborative work. it becomes a really genuine, curious experience. feeling like it's really precious and only craft oriented. out of all of my friends, everyone has an interest in food. it is not just my friends, it is an easy narrative for people to jump in with. what is the connection with food and art? political.nherently

i think food is an expression of art. i think a lot of my chef peers that i 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 failing. we can overlay. -- all relate. >> they are entertaining in their own right. >> the two had a lot of smart advice. >> when you go to a party, you want to know how to mingle. i spoke to a professional introducer. imagine that your job was just to make business cards. she is like queen elizabeth but she gets paid to do that. >> what is the tip? thehe tip is -- one of things i love is when you turn eary and your friends aren't here yet and i don't know anyone .

you stand in the corner, you check your phone. what i do is you have two drinks, it looks like yo're if someone comes up to talk to, it is easy to say my friend is not here yet, do you want this one. if your left alone, you rink them both. >> i have to say that from this section, that leptin most important lesson. >> can i just ask you, all of us have gotten caught in a conversation that you cannot break away, the person just doesn't stop talking. what do you do in that case? >> i am just a mean person. what i would say is that the big trouble you have is -- i have

enjoyed meeting you but i did not want to spend the whole party. i said it has been great chatting. >> if you meet one person, it is a date. if you need five people, it is a party. what i would always adjust is that people want to go to the bathroom and the bar. what i would always say is you can -- if you keep your phone on silent at the party, i would say it is buzzing in my pocket, i don't know what it is, it keeps buzzing, would you excuse me? >> we're all taking notes. >> the other thing i heard is that if you're really in dreadful conversation, he still a drink on yourself. >> i have done that.

it is the new pair option at a party. can havethe guy who his own arm off when he couldn't get out from under a boulder. it is that. >> we have to talk about -- how to mingle if you go there by yourself. it is a lot about the food and the drink. i thought one interesting section is you talk about has it right your best dinner. you talk about a practice run, maybe having a theme. there is only one teenager in the whole world that you would ask for advice on the dinner. there is this guy who is literally 19 years old. he started throwing dinner parties when he was 12, using the french laundry cookbook. he opened this really cool restaurant on the lower east side of manhattan. he throws was a dinner party every night. he give us some tips.

the one thing you can but speak to his alcohol. we will that margot would speak to that. he says one thing to do is to never try to do individual servings. if you think you'll save your table of 10, do not do it. don't do one big platter, that will click a crime scene after a while. >> i thought that was a good note. when i was drinking as we're mingling and eating? i was not say what you would drink, i would just have boxer. -- vodka. >> that is cool if you are spilling on yourself. in fact, we said that jen is the drink.

one great thing to do is to have genetic on x. -- gin and tonics. you set them up because you can basicallyeballed them. highball them. measure themve to out, you can freeport. it is going back to cocktails. it is the easy way to throw a party. >> that is crucial. when you throw a party, you're thinking of yourself like tom cruise bind the bar. then suddenly you're wondering why you are stuck here and not mingling. there are so many tonics and gins. there are lots of dreams that are self-serve. they are interesting and conversation starters. >> one of my favorite part of the entertaining section is this. jason: we turned to jim, he was

a bartender. you have 10 drinks you feature but this is the number one. >> the first drink they started with was gin and time -- tonics. this im entertining pa it is called a stoplight. i figured it would be fun when you're making a drinks to have a green bottle or two green bottles. you can have a yellow bottle and a red bottle to remind you of stoplight. is all of the ingredients. i made it with gin and vermouth. this is a southern italian

verbal look for -- herbal liqueur. all we are adding for this drink is a little bit of all of this. if you're having a party, you want to put all this together into a picture and's or is like a martini. we are garnishing itith just a lemon twist to bring out the citrus aromatics and the gin and vermouth. the secret of this drink is the cucumber will. cucumber is a great ingredient because the meat is melanie, the run is better. it has aromatics. >> to some people, it might say go, some people might have had enough. >> whether you serve it in the

morning, at lunch or at night. i am goi, let's see. >> we are sharing. >> delicious. >> that is nice. thank you for bringing us the special treat. carol: bloomberg businessweek is available on newsstands now. jason: and on our mobile app. we talked to christina about three and the united states. that was a historic summit in terms of this meeting. everybody is trying to figure out what is next in terms of a business story. what is the business potential of north korea? your must read? the g7,oming out of there were so many unanswered questions and so many unexpected things that happened right

the meeting ended and on the way to north korea. it is a great thing to dig into. carol: for bloomberg television start right now. -- more bloomberg television start right now.

emily: i'm emily chang and this is the "best of bloomberg technology." we will bring you all of our next interviews from this week in tech. coming up in this hour, president donald trump's meeting with kim jong-un produced a handshake and a promise to keep talking. but it was light on details. what is the summit signal for what is to come. and we head to e3, where we