♪ >> bloomberg businessweek. >> we are here at bloomberg headquarters in new york. >> this week, how things operate at the world's best performing stock market. jason: we're talking about the jamaican stock market. businessman is using his deep pockets to take on

climate change. jason: and we talk about one of the most talked about compass woman in america. -- congresswoman. carol: we are of course talking about alexandria ocasio-cortez. jason: aoc, what is she all about. arol: she is an appointed to house panel overseeing the financial sector. jason: we get more from our editor. >> there has been a consensus for low taxes for a while. ever since reagan brought tax rates way down. republicans have probably been more aggressive but democrats say they are good with that. in 2016, hillary clinton did not propose any increase in marginal tax rate. bernie sanders, the leftist from 52%ont dared to propose marginal tax rate. which compares to the mid-30's, for what they are now.

like as farsidered as anyone could possibly conceive of going you to view our a about a democratic-socialist. and then alexandra ocasio-cortez goes on 60 minutes and anderson cooper is asking her about how she will pay for this green new deal. she says that people have to pay their fair share and in the past we had tax rates as high as 60% or 70%. the internet lights up with this. people cheering her on, people booing her. but suddenly, these numbers like 70% which were completely off the table, not even up for discussion by the likes of bernie sanders are suddenly being talked about. not to say that everybody likes the idea, but as i read in the article, the first step was getting an idea adopted is to get it debated. carol: listen, it has worked well for president trump. who often talks about an issue

coming exit it out there, and gets a conversation going. >> writes. -- right. it is more than a trial balloon. you expected to get shot at, but this could actually get somewhere. there is a phrase you see a lot on the twitterverse of an overton window. that goes back to a fairly right-wing guy who coined the expression. it is the window, the range of ideas that are considered acceptable to even be talked about. does not have to be liked, but worth even discussing. she seems to have pulled to the left the overton window on taxes. she has gotten the conversation going. a lot of economists who had kind of kept quiet are starting to trundle out research about numbers in that range. people who i spoke to

about the story is like, their hair is on fire, are you crazy? from the u.s. cover on the youngest woman ever elected to congress to the world's hottest stock market. jason: it is a story on the incredible run of jamaica's stock market. carol: we have a great chart to illustrate. equities up almost 300% over the last five years. the black line representing jamaica stock market. for reference, those lines on the bottom, the red one is the s&p 500. jason: the poor little s&p. look at the jamaican performance, that is unbelievable. carol: going to the beginning of january 2014, only about 40%. the jamaican stock market, almost 300%. jason: and that is trading at only three and a half hours a day. carol: unbelievable. and we get more from our.

-- our editor. >> i was sitting at my desk trying to think up a blog post and i was out of ideas. i thought what was the best-performing stock market? i looked it up and it was jamaica, i thought that was adjusting. that's interesting. -- interesting. i was wondering if it was a flash in the pan, but over the past five years, they have blown everybody away. s&p.more than the snp -- i started to joke in november, i said clearly i need to go to jamaica in the winter to investigate this. i was joking with my boss and i tend to repeat my jokes, and by the second or third time, i thought i really should go to jamaica. i did, and the more i investigated, the more i realized it is an even bigger story and great stock market returns. it is the story of an economy

that was in great trouble, under a huge pile of debt. they had a banking crisis and the 90's, that they were hit by the global financial crisis which had a lot of collateral damage on economies. porous and dollars dried-up, the mining industry suffered. dried-up, thelars mining industry suffered. they found himself with a lot of debt, their debt pile was 45% bigger than the size of their entire economy. this is something economists track very closely. greece and italy, their debt to gdp ratios are a concern. jamaica has sort of a national pride of always repay its debt. summary -- so default thing was not an option. option.lting was not an

so they turned to the imf, with which they have had an contentious relationship, and they lowered the debt burden significantly. but they did not reduce the principal. they basically refinanced, and most of the bondholders were domestic banks. that is the backstory. and the amazing thing is that it is working. the debt to gdp ratio has gone from about 1.45% to about 100. carol: wow, big reduction. >> a huge production. -- reduction. the goal is 60% within 4-5 years. the bond market was crowding everything else out. interest payments took up half of the government revenue. carol: how can you implement or spent on programs that might help the economy? >> exactly, you can. it is -- you can't.

it is very difficult. local jamaicans knew that the government did not want to default. investment got sucked into that market. if you tame the bond market, it opens up and for equity -- avenues for equities. jason: we learned a lot about the stock market, but what does it mean for the overall economy? hillary is here. >> i can answer that for you. with the stock market, only the top three companies were driving that higher. not might be a reason it is necessarily translating into as much of gdp growth as we would like to see. coming to the terminal, of course we have a chart for that. jamaican,,ok at the this is general growth year-over-year. this is exactly what the history has been in the last year, only growing 6/10 of 1%. in green, white, and red, we

have the high forecast, the media, and the lowest forecast. the highest it's up to 2.4% and even the lowest forecast to be about 1.7%. that is still the highest going back to 2011. you might see it start to pick up here for jamaica. carol: and as mike talked about in his story, he talked about foreign investment. we are hoping that people start to recognize the stock market, even more will come in and translate to economic growth. jason: it will actually draw more money in that ultimately would not be coming. thank you so much. later on, we get some investing advice from shaquille o'neal. jason: and later, this man who is famous for being right. carol: and predicting doom. jason: his latest warning, up next. ♪

carol: welcome back to "bloomberg businessweek." jason: join us every day for bloomberg businessweek on the radio. also catch up by listening to our podcast on itunes, soundcloud, and bloomberg.com. carol: and you can find us online and on our mobile app. the finance section, this investing legend has a strong track record of predicting bubbles before the pop. carol: that includes the tech crash and the financial crisis. now he is giving a talk titled quote the race of our lives. carol: he is talking about the warming of our planet and donating billion stop the world avoid catastrophe. -- to help the world avoid catastrophe. -- 83is 83 years-year-old years old.

he has wound down a lot of his involvement in his firm. he is touring the country getting this talk and it is about the race between climate change, which is accelerating, and the innovations coming along to solve it. batteries are improving much better than people expected, solar power, wind power. but he is really scared people, and he is trying to scare people, investors. he is saying that this thing is going to get really bad really quickly. a lot of people talk about rising sea levels, but he is really focus on agriculture and population. out that ifing climate change continues the way it is continuing, people are going to start. there's not going to be enough food and the food system will degrade quickly. carol: and he's not just talking about it, he's putting money behind this. >> is giving away 98% of his net worth, billion dollars.

he likes to say that in the investment industry, we are all overpaid. she lives a very thrifty lifestyle, he is in the same house since the 70's. heated by a tesla model thread but that is pretty much is only in the -- his only indulgence. jason: it is extreme for someone who makes this kind of money. >> yeah, i was talking to some of his colleagues and they were like iraq are helping him carry his bags to the two week as he did not want to take the car the airport. -- the tube because he did not a car to the airport. carol: there are a lot of wealthy people who manage causes, but what is interesting is he has made some smart calls in the past. he says that if you are seeing this on a chart, usa this is a hard -- hot market. >> i'm going to short humans.

that is the scary part of this presentation, he is saying the next bubble is humans. like the tech bubble, the financial crisis, the japanese bubble which he also sponsored -- spotted. he is making the point that we cannot go on like this. either we will starve or civilization and large parts of the country will collapse. jason: what was his sort of off "a-ha" moment.of he has accelerated his fervor. came along and, for some reason, that really radicalized him. he really bought into some of al gore's thinking. he has always been a conventional environmentalist, him and his wife. they traveled deep into borneo when their kids were young and he has always had an attachment to preserving beautiful places. point, he says that i

realized there were these serious issues with capitalism that was not going to be able to grapple with these long-term challenges. we need to have a much more interventionist approach from government on the stuff. and he started to ramp up his giving. carol: the earth can ultimately give just so much unless they come up with some system that somehow increases the amount of food production. we already are still struggling to see people around the world, to make sure we have enough money. some of that socioeconomic, but the earth can get so much. -- give so much. >> one of the interesting things he is doing is that half of his money he has in venture capital and private equity, a lot of startups. and that is unheard of, for somebody to put half of their portfolio in these investments. and a chunk of that is mission driven, solar power, carpenters. it is also next generation agriculture, so speaking about

how will be grow the food in the future when we have lost topsoil? when a lot of the places where we grow our grains have been degraded by climate change. he is worried about the river deltas in asia, where all the rice is group. they'll get inundated by rising sea levels. trying toking about invest in technologies that will maybe even make money. up next, the mounting toll of the u.s. government shutdown. carol: plus, a destitute los angeles mall gets a lifeline. later, what it is like to golf at one of the world's most coveted clubs. carol: get your own personalized club. this is bloomberg businessweek. ♪

jason: welcome back.

carol: you can listen to us on the radio on sirius xm and on new york -- in new york, boston, washington, dc. in the bay area, london, and our business at -- app. carol: it has been a record long government shutdown in the united states. jason: and the costs are mounting. carol: we have more on the story and an update. >> these two sides don't feel compelled to negotiate. donald trump feel strongly that the american people agree with him that there should be a border wall constructed, that it should be funded. democrats feel strongly that they don't, and they don't feel political pressure to give in to these demands. the two sides are so far apart and disagree even on that basic, fundamental point of who is shouldering the blame or who

this is politically advantageous to, there's not a lot of momentum towards getting a solution reached. the other thing we have not seen so far is a catastrophic shutdown. here in washington, we see the day-to-day impact, but there has not been a high-profile incident , a big drop off in the market, something like that that would shake lawmakers into action. talking to craig gordon as relating are leading up to the holidays. we were saying, who is going to care? but the longer it goes on, the more significant impact it has. >> exactly, and we are starting to see the impact on the american people. the trump administration has done a lot they say will sort of blood that impacts, except that they're going to continue to put out tax refunds. the going to keep national parks open. we were seeing the other side of that.

longer,s are getting more employees are not getting paid are calling out sick. national parks are being overrun by garbage and trash come of that sort of thing. -- trash, that sort of thing. as much the administration is stopping this from forcing their hand, the effects are just growing and growing and magnitude. jason: you have been following this white house since the administration came on board. what does it tell us about the politics inside? what does it tell us about the posture? this is a deal making deal, to some extent. a reflection of a president and the staff that just does not have a lot of experience making deals in washington. president trump had no political experience before he decided to run for president. the top aides left at the white house, as well. mick mulvaney is something who

was a tea party member of congress before he came to the white house, was a part of what he called the shutdown caucus when he was in congress. he does not have a history of being able to work across the aisle, neither do senior aides like stephen miller, who before he was in the white house was a top aide of jeff sessions and best known for scuttling immigration deals. it looks more and more like what you will need to get out of this is a broad, overall deal on something that would give democrats a bit so president trump can get what he wants. does not equipped and have people nearby who would pave the way for such a deal. another reason we are not seeing movement. section, the finance this iconic los angeles mall was once featured in a tom petty video and in movies like "clueless." carol: taking back to the

teenage years. the mall has faded, unfortunately, and out is just a handful of shops. jason:'s best get a massive makeover and one new tenant: google. >> i will take you back to 1989. in" year the song "free fall by tom petty and he filmed the music video at the small, the westside pavilion. it was an iconic mall from the 80's, a popular place to hang out. the-forward to today about rise of online shopping, amazon, there is cap edition from malls nearby. the owners of the small had to figure out what do we do with this place? the mall started to fade. has around 20 tenants, down from over 100. they said what are we going to do here. was they ended up doing found a new tenant to lease

almost the entire space. carol: and it is a great tenant, google! how does that happen? one of the big tech companies, redefining how we work. and they say, oh yeah, let's be among. -- in a mall. >> it had to do with the location. this would not happen just anywhere. population.a dense the mall is no transit and freeways and happens to be near a lot of tech talent. there is also a high demand for space and not enough inventory for offices. it just sort of came together and made sense. some might say these mall owners got lucky. really beenhey have rethinking how they use the space. a lot of it is going towards more experiential type concepts, as it were. mall redevelopment is nothing

new. malls all over the country have been repurchasing the space of struggling malls and adding movie theaters and doctors offices and fancy restaurants because people want experiences. just shopping for clothing is not enough to bring people to a mall. carol: you want a place to hang. >> exactly. but what is unique about the situation is you have one tenant , and not just any, google, renting out almost the entire space. that is something we haven't seen much of in the past. you have to think that as google goes, there goes a lot of the tech. talks about all of the parks that google employees get, you do wonder how they will build the south -- this out. >> we hear there might be a cafeteria. what a special about this mall is it has big, open floors and an atrium.

makess one reason it sense for a big tech company like google. companies like that sort of design. and you assume that a lot of people watch what google is doing. having said that, one big recreation does not necessarily make a turn, but seeing that elsewhere. >> on a small scale, for sure. the people who i spoke to said that this might be an anomaly, a one-off situation where you are having almost the entire mall redeveloped. to see it, it could happen again in the future. there is one example in michigan, where ford has rented out what used to be a lord and taylor space. again, it is not the entire mall. only time will tell if this happens again. coming up next, espn's

ex-president tries to beat his former employer. jason: and shaquille o'neal's startup investment strategy. carol: this is "bloomberg businessweek." ♪

i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.

♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: still ahead in this rivalryssue, the davos between the united states and china. jason: the six politicians who could chart britain's brexit future. carol: former espn president is plotting his comeback. jason: he has a new startup that aims to be the netflix for sports. >> he left espn about one year

ago, a little more than a year ago, and came back six months later at a startup called dazn. netflix for sports. they have live events, operate in five markets right now, and charge you a monthly fee. their goal is to i think supplant espn and any other competitor in the world of global sports broadcasting. carol: that's not easy to do. when i think about the big sports franchises, they cost a lot of money, get locked up for years at a time. how does he break into them? if anybody is able to do it, you think it would be him, because he did it with espn. >> dazn started without him while he was at espn. that's why they could maybe do it. those rights are really expensive.

kind of a stroke of luck for them to pick up skipper. that was right when they were trying to crack the u.s. market. he was available, because of his exit at espn, and he knows this market as well as anybody. however, that does not solve the problem they are facing right now in the u.s. that there is not anything really available for it while. nba, nfl, all that stuff they have to wait three or four years. they have gone at the combat sports, boxing, but they want to really be a clearinghouse for sports fans. jason: how are people consuming sports? it has been seen as kind of the last frontier of live programming. we are all sort of now trained, our kids certainly are trying to be on-demand viewers. they want to watch something, it. go get

they are not going to wait around until something starts, except for sports. if one of the only things that's really left at appointment television. once the angle here -- what is the angle here? >> independent on the market and -- it depends on the market and sport. they are trying to be global. like where, and how much do we have to pay for that? what do we have to pay for rights? can we get enough people to pay us to make up for that? in the u.s., certainly the broadcast model is still really entrenched with the nfl, which is the most valuable. you already see a lot of sports, the way people consume it moving to streaming platforms, whether that is run by the leagues, or even espn trying to do streaming iche.cts for more of its n

sports i think the nfl will be the last to make the move, but even they have started offering nfl thursday night simulcast on amazon, so they are testing the waters. jason: also in the magazine this week is a story we just cannot ignore in the politics section all about brexit. carol: we talked about it a lot this week here at bloomberg. the six a look at politicians who could chart the course for the u.k. after theresa may's failed brexit deal. these are names you will not necessarily know. you know about theresa may and jeremy corbyn on the other side, re a lot of influential people that will have important roles in determining the next step. jason: everybody knows jeremy corbyn and this back-and-forth may.en corbyn and watching this story this week, it has gone late into the night.

u.k. time we have been on the air waiting for a surprise appearance from theresa may. the path is really uncertain. meanwhile, the eu is sitting back saying bring it on. carol: do we get a new referendum at this point? do we have a hard brexit? we had this end of march deadline. people are starting to have the conversation, does this get pushed out? which is unbelievable. jason: one of the most fascinating things to me is that the markets have been sanguine about this over the past week. you see little spikes in the pound here and there, but the u.s. and european markets have been up. when you think about the backdrop of brexit and the government shutdown, you sort of wonder what is the market thinking? carol: exactly. check out these the six people in the magazine because you will learn a lot about the behind-the-scenes arguments going on.

arecountries and companies choosing sides between the u.s. and china as trade tensions persist. how globalization is surviving and thriving despite the trump administration's assault. carol: this is "bloomberg businessweek." ♪

♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: join us for bloomberg businessweek every day on the radio. you can also catch up on our daily show. check out our podcast on itunes, soundcloud, and bloomberg.com. jason: find us online at businessweek.com and mobile app. carol: in the solution section this week, it's really looking at geopolitical relationships around the world. first up, we look at the rivalry

between washington and beijing as the economic forum kicks off in davos. jason: we talked about how the u.s. and china are pulling different multinational companies in different directions. >> wanted to have a european management forum, and it grew into this world economic for that brings ceos, heads of state, artists, scientists. they go to congress sessions, and they go to the ski slopes, that the restaurants. -- fancy restaurants. , butmostly a talk fest they also try to use it to make the world a better place. they do have ambitions of bringing together civic society and government and business. jason: as with everything company has a little bit of a different flavor -- as with

everything, it has a little bit of a different flavor during the trump administration, and during a time when the global order is maybe under question. as carol alluded to, relationships among superpowers, but also relationships among regular hours. >> i am focusing between the concept between the china and the u.s. -- conflict between the china and the u.s., which has become the defining struggle of the 20th century. davos cannot escape the shadow of that. of years ago president xi china showed up and president trump had just took office and presented himself as a savior of globalization. said child to retreat from free trade is like finding yourself locked into session trying to achieve -- trying to retreat from free

trade is like finding yourself locked into a dark room, never mentioning trump. you may remember this line, america first does not equal america alone. 2019 comes, we were thinking trump would be back again, but he's not, probably because of the border while dispute. the highest-ranking official on the chinese side will be the vice president. he's very influential. we expect more blows to be traded, but sort of again, in a veiled manner. what is happening, the big picture is that this is just one arena of many in which china and the u.s. are contending for world leadership. also in the solution section this week, donald trump has been refashioning u.s. trade policy since he took office. in other words, taking a wrecking ball to trade deal that had long cap the world together. carol: indeed. while other countries are doubling down on global partnerships.

jason: the u.s. now needs to play catch-up. >> i had a chat with a guy called kevin koester, who runs the bear valley ranch in central california. has been on the line since 1867. he is a fifth-generation rancher and happens to be the head of the national cattlemen's beef federation. that is the big industry group for america's cowboys in the be industry -- beef industry. he is looking out at the world today. there is a bit of anxiety creeping in. that is partly because of the trade deals donald has pulled the u.s. out of, the transpacific partnership being a big one. he is watching that go ahead without the u.s.. that has a very real consequence for him and his members. the u.s.'s most lucrative export market for beef is japan right now.

the u.s. sends about $2 billion of beef per year over there. .s competitors -- there are competitors australia -- competitors. australia is full of beef ranchers and cattle producers who are eager to export to japan. they are about to get a big tariff advantage that in the long run could squeeze the u.s. out of that market. that as theoint is trump team and president trump specifically pushes back on globalization, while the rest of the world is moving on and working on agreements. those trade flows will star and get embedded kind of in the local trade system. >> we often talk about nowadays the trade wars and the china tariffs, and so on. there is another kind of these that american businesses are worried about. that is kind of losing the access that you have to overseas

markets. we have seen that through the soybean farmers and how they have been we set of china in recent months. some of that is coming back. there is this big question about long-term deterioration of kind of market share. folks areat the beef worried about when it comes to the tpp. this is going to happen slowly. there are some things that can insulate them from it for now. there is a drop in australia that has hit the cattle herd. it would take them a couple of years to build that backup. at some point very soon american beef could face a 50% tariff going into japan. is going to go to a 27.5% tariff. over the next 15 years that will steadily go down. so the u.s. and donald trump needs to fix that. if you are a cattle rancher, he's too negotiate his own trade deal with japan to replace

the tpp to kind of play catch-up on globalization. jason: up next, early in the program we heard from jeremy grantham. he is spending $1 million to save the planet, but maybe all we need to do is throw a party. experts saying that human beings have learned how to. hang out together once again. carol: plus, what it's like to golf at one of the best clubs in the world. jason: and investment invites from none other than shaquille o'neal. carol: this is "bloomberg businessweek." ♪

♪ tool: welcome back "bloomberg businessweek." i am carol massar. jason: and i'm jason kelly. you can also listen us to the radio on sirius xm, in new york, boston, washington, d.c. carol: in london on dab digital and of course on the bloomberg business at.

let's talk about bloomberg, because you never know who might stop by. just recently shaquille o'neal visiting our bloomberg businessweek radio studios. jason: it was something to behold. very electric moment. we talked about a lot of things, but he told us how he has built a very successful investment portfolio. shaq: i heard the great jeff bezos say that if you're going to invest, you should invest in things that are going to change people's lives. it made a lot of sense and he said this a long time ago. i'm always in silicon valley meeting people, at ces, which is happening right now in las vegas. i just like to get information by hearing people that are smarter than me talk. invest in things that are going to help people out. when i first came and i was wanting to get rich quick and do a lot of quick -- get rich quick schemes. you see these things? we are going to sell them. i failed on all of those investments.

my first good luck investment was a guy talking about google. i was sitting at a hotel and a guy said i am creating this thing called google, a search engine, information everywhere, and i was like you know what? it's going to change people's lives. jason: are you mostly getting in on sort of venture capital, angel investment type perspective? shaq: i do a little bit of both but i'm very conservative. i was raised up on fear tactics, so what if, what if, what if. -- hing coming up was i need to the same type of income when i stop playing so i don't go crazy. i'm with a lot of the great companies. i own a lot of the great companies and every time i get a friend of the family's advice, we got this new company coming up, we should do this, and i

have been lucky. i don't want to sit here and sounds like an expert, but my technique of doing things is most of the time, i am a winner. pursuit section, another 1980's reference, a weekend at bob's. carol: we mean the founder of go daddy. jason: he has built one of the most expensive and exclusive golf clubs in the world. carol: our executive editor told us what life is like at scottsdale national. >> bob parsons, founder of go daddy, billionaire worth not to billion dollars right now -- about $2 billion right now. he bought a golf course called scottsdale international. it is three courses, 700 acres. by the time it is finished this year it will -- he will have spent $300 million on it. in 2015 he started a golf equipment company called pxg. parsons extreme golf.

he's starting to use his golf course as a way to bring in people. carol: the reporter who had to do this assignment went over there. >> tough job. for $17,500, you can spend a three day weekend at this course. on the actually stay course -- cannot actually stay on the course. thee villas are for members, but there is a four seasons nearby. he poached a couple of staffers from golf equipment companies. he said i just want to make -- you to make the best golf clubs money can buy. just the drivers themselves are about $850. carol: these are the most expensive clubs in the world, right? jason: well above average. multiples above what most people would pay. >> four or five times mass-market brands.

he has just released his second generation in january of drivers. they are a little bit cheaper, $575 for one driver. john paul went into set out these drivers -- went and tested out these drivers. it's just crazy. it's a place where you get fitted. there is an on-site guy who will test on-site guy -- on-site guy. they went through a couple of iterations of golf clubs. he got extra distance on his swing. carol: so it made a little bit of a difference? >> made a little bit of a difference, but i don't know if it's the arizona area. air.ror -- jason: they wrap all this in an incredible experience. this is what you would expect that some of the best resorts in the world. >> absolutely.

at one of theg par 3 courses and he stopped to talk to one of his fellow golfers. all the balls were stacked in any pyramid -- a neat. -- pyramid. jason: there are people that come out, hiding behind the cactuses to rake the sand trap after you hit it out of the bunker. amazing. >> there are only 90 rounds a week plaintiff this course. carol: what does it cost if you own one of the lucky few who get to be an actual member, get invited to be a member of the club? >> the annual dues are $60,000. carol: also in pursuit this week, the lead story is a little bit different. it's a story that takes a look at why some sociologists are urging more people to host parties. jason: it's in the name of combating the client -- the decline of face-to-face interaction. >> i think i noticed in my own

life that it is hard to get people together. it's harder to have face-to-face conversations where people are not pulling their phone out every few minutes distracted. i just, i also love a party. i love a great party that is well-done and meeting new people, and seeing people you have not seen in a while, and's or a building that community around you -- sort of building that community around you. there have been a couple great books written about it. governments are starting to worry about this. the u.k. prime minister, theresa may, who is pretty busy these days, she pointed a minister for loneliness -- appointed a minister for loneliness last year. i think something about the 2016 election here and britain pointed out that we are getting really pull the rest. there are places where -- polarized. there are places where community is breaking down. the places that used to connect people, a lot of those

institutions have sort of a crumbling over the last generation. what are we going to build to replace them? carol: that's so true. i think my parents generation and certain ethnic backgrounds, gatherings.ial they got together. as they got older and got families, that's how they stayed connected. >> it's almost like there's this idea of community that we have forgotten about. there is your family, and obviously that's very important. workplace,is your but it has to be something else that is where you go for just gossip, advice, and intelligent -- ideas about new jobs, or whatever. carol: right. we are social creatures, right? jason: how are people solving this? >> a lot of businesses have gotten involved. apple is redesigning a lot of

their stores to be town centers. they want people to linger. spacesed -- designing that are supposed to be more community-based. carol: talk about rockefeller center. >> the owner of rockefeller center, they have about 18,000 employees. there are a lot of small companies with five people working in an office. beir tenants would love to able to compete with google's and facebook in providing a lot of amenities. they built this clubhouse on the 33rd floor of one of the buildings of rockefeller center. it's not supposed to look like a typical work lounge. it has soft lighting, soft music, they choose the right cents and greenery. carol: and foosball? clubs,as a yoga, book photography group, which i was surprised that. anyways, they are chanted it people from different employers to disconnect -- to just

connect. a place to meet people, chillout before you get home. carol: "bloomberg businessweek." is available on newsstands now. jason: what is your must read this week? carol: i loved our story about john skipper and what he is up to. this is a guy who helped build espn into what it is today and he's kind of having a second or third chapter. -- it is ay called company called dazn and it's all about streaming sports. jason: it's a story that tells you a lot about demand, the mission, and what may happen in media going forward. carol: your must-read? jason: you know, jamaica. in part, because i spent a lot of time in the newsroom. everybody has had that moment where they say you know what? i need to go to jamaica. rarely do they say yes and they said yes to me. carol: it's a fun read and fascinating story. you can find more stories on

businessweek.com. jason: check out our daily business week podcast available on itunes, soundcloud, and bloomberg.com. carol: more bloomberg television starts right now. ♪

emily: i'm emily chang and this is "best of bloomberg technology " where we bring you all of our top interviews. kicked off the earnings season and investors are looking for another block west or corridor. we bring you the results. as netflix, amazon, and apple duke it out could short form videos be the next big thing? we speak to disney and