carol: welcome to "bloomberg businessweek." i'm carol massar. we are inside the magazine's headquarters in new york. coming up, the crisis fiat faces now that it has lost its indispensable leader in the late sergio marchionne. can mario batali's restaurant empire survive without him? on the cover, how generations z is changing online retail. the generation of people reaching adulthood in the second decade of the 21st

century. in china, these kids are showing the rest of us how to live in a cashless world. jim ellis has that story. jim: this will be the largest demographic group since boomers. the same way boomers transformed the way we shopped after world war ii, we will probably see this route through the same. by the middle of next decade or maybe sooner, this will be the largest consumer group. there are so many of them. these are the children of gen x. they are different kinds of consumers but they have grown up in a world where mobile, internet shopping, where being able to talk back and forth to retailers and communicate and not just be on the receiving end of advertising, they have grown up with that. carol: before everybody starts googling, these are gen z. 1995 and after.

jim: they are in the age range of roughly seven, eight up to 22. a lot of people say isn't that too young? the answer is no. anybody who has kids now or has kids in recent years, it is not the old days where mom goes out and buys everything for a child up to the time they leave home. it is much more interactive. kids have a lot more say. they demand different things from the products that they get. carol: you talk about china specifically. this new era of chinese shopping. jim: china is an interesting place simply because that is where a lot of this is happening first, for a lot of reasons. one big reason is that china is the place where gen z controls the highest percentage of disposable, household family disposable income. gen z'ers control about 15% of

disposable income. carol: you guys include a ton of different companies. there are things like alibaba. but, there are different things like you could be watching tv and you put your mobile phone and i don't know -- a qr code and you get the link of something you saw. jim: unlike a lot of retailing in the west where e-taling is he big thing, you go to a site like an amazon, find what you want, shop there and buy it. the difference in china is that social e-commerce has begin the big thing. social shopping. instead of going to a retail portal just to buy something, you interact with people on social media. as buying opportunities are slipped in, you see an influencer using a particular makeup brand, there will be a

button on the screen you can push and buy what they are using. links in social media discussions about stars to the clothing the stars are wearing. the whole idea is that over there, they have pushed the social media into a real marketing opportunity. we are seeing that now. we are seeing instagram do that in the u.s., but not to the level we are seeing over there. carol: taylor riggs is here to demonstrate the purchasing power of generation z. taylor: as you just heard, one of the companies involved in this is i.q. they have a platform where you can go online and purchase these shows you are seeing. what i have done, alibaba and tencent have a similar product, outperforming the broader china tech etf we are seeing. perhaps of this new social e-commerce platform.

carol: how powerful. next, wall street fights for the right to go to court over uber's plan to get police officers on its side. this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i'm carol massar. join jason kelly and me every day on the radio from 2:00 p.m. to 5:00 p.m. wall street time. you can catch up on her daily show by listening to our podcast on itunes and bloomberg.com. you can also find us online and our mobile app. in the features section, the accusations of harassment and discrimination that can blow open the closed doors of

arbitration on wall street. max abelson and katia porzecanski joins us now. amazing story. i know this is amongst the most read. what happened in august of 2016? katia: lee stowell, the managing director of cantor fitzgerald in their new jersey office, a high-yield bonds saleswoman and has been for 25 years. very successful. she discovered that her mug that her children had given her for mother's day went missing. she went looking for it and she found feces in it. she is now suing the firm over harassment, discrimination retaliation. carol: tell us about her because this is a woman who really worked her way up in the financial industry. it is not so easy for women. max: not always. as wall street reporters, we talk to people, traders, bankers, and sometimes they are

elegant and reserved. sometimes, they are loose. lee, i hope she comes across in the story the way she came across in real life because she is a tough cookie. she basically learned survival on wall street by dishing out whatever she took. part of cantor fitzgerald's defense -- carol: they are pushing back. max: they are denying her claims. lee instigated bad behavior or participated in it. that is the kind of thing where normally in court, two different sides get to present their story. one thing we wrote about is that wall street has used arbitration to basically make sure people do not get to tell their stories. carol: we have talked about this before. a lot of corporate america uses arbitration, mandatory arbitration if there is a dispute. katia: someone like lee, because she is a bond broker, a lot of what happens on wall street they just shut off to arbitration. carol: it never comes out in

the headlines. katia: it could at the beginning and eventually settled down. right now, she is fighting to keep it in court as opposed to going to arbitration. why are harassment cases being disputed in arbitration? they have very little to do with the day to day of being a broker. or they might have a little to o. that is what she is fighting right now. carol: it seemed to be one of the most egregious things, in terms of the mug. there were a series of harassment charges she has made to the point she was ultimately, when she complained, she was let go, right? katia: she was let go a few months after the complaint started as art of layoffs. max: cantor denies the claims. we first met lee. the truth of the matter is

women on wall street and in corporate america, the arbitration system has sucked up their complaints. it is like a black hole. one thing that happened is that a judge came down with a decision and sided with her. not to give away the story because we help viewers check it out, but you could say this is a story that is not only about harassment, but also the fight to tell their story in court. so far, lee stole his winning it. katia: one of the important things about being able to fight in court is that you can find other people who relate to you. one of the reasons that the movement has not really hit wall street, wall street is one of the biggest leaders of arbitration. most people in wall street are tied up to deal with issues in arbitration and it is rare you be able to see people fight out in court an issue that happened on wall street. when women are not able to

learn about each other, are not able to confront a company that you might have a systemic issue here and all these things get handled case-by-case and no one can ever fight it together. carol: this is interesting for me. lee wants to do it for herself, but also the bigger, broader public and women on wall street in public. katia: 100%. carol: where are we? she has not gotten her day in court. max: she won that decision. cantor fitzgerald is appealing. one thing that occurred to me is that women can end up in arbitration and sometimes some women want to be in arbitration. women could end up in court. another thing women and men can do is tell their story to reporters. katia and i, if anybody is watching this and want to talk about their time on wall street, our phones are open. katia: that is assuming they

are not bound by a nondisclosure agreement. a lot of women are bound by nda's, and that is what is keeping them from talking because they have so much at stake. the agreements are structured, a lot of money. carol: the new jersey judge, sometimes you don't even realize what is in that employment contract you are signing. stay tuned because it ain't over yet. we see whether or not she gets her day in court. katia and max, thank you so much. in the technology section, ipo looming, uber is using is ridesharing data to repair relationships with law enforcement agencies. we talked to bret begun and got the story. bret: they have spent time building up what they call the global law enforcement team. now has about 70 members. carol: internally? brett: internally within the company. hiring people from outside the

company who have deep roots in law-enforcement. people to work for the met in the u.k. they have been taking these basically police officers and going around to local cybercrime units all over the world to say to them we have a lot of information that we can share with you and here is how we can do it. carol: they are proactive about it. bret: they are being very proactive about it. much more proactive than other technology platforms are being because they say, the guy who runs this program, we are in the community in a different way. we are on the ground. we have different information to offer. carol: ok, what happened at uber? did they find religion, because let's remind people about the pushback. the company was built on snubbing authority, right? remind everybody about the run in they had with authorities and regulators. bret: bloomberg businessweek reported that in more than two dozen instances, they were able

to sort of remotely shield diles from -- files from police and overseas offices when drivers were the subject of criminal investigation. an actual remote lockdown from san francisco. in september, they also had issues with the data management. they agreed to pay out $140 million to settle claims from a data breach. there have also been instances where you have had drivers nvolved in accidents in many cities and the company has tried to shield potential information from authorities. carol: what has happened that they are now saying we have a lot of information, we will work with authorities? that is a big 180. bret: you can look at this from a couple angles. they have as little ipo pending. carol: oh, yeah. bret: it might be smart in the run-up to that to do your best to make nice with local

authorities. in the prospectus, uber set itself that any damage to the brand from safety considerations could really hurt them. carol: let's talk about some specific instances. i'm sure a lot of the viewers and listeners did not know the london terrorist attack, uber got bombed. bret: they made sure that no one fleeing the scene, no one involved in the incident could take an uber to flee. we have another example with the shooting in parkland, where they were very proactive and alled the broward county sheriff's office and said we think the suspect took an uber there. the broward county sheriff's office told us we were thrilled with their help. they were very instrumental in the investigation. carol: next, gold trading network keeping venezuela's embattled government alive. plus, a boom time for extortion in brazil. this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i'm carol massar. you can also listen to us on the radio on sirius xm channel 119 and am 1130 in new york, 99.1 fm in washington, d.c., am 960 in the bay area, and on the bloomberg business app. in the features section, the food for gold scheme between urkey and venezuela.

how together with a mysterious middleman the trade is propping up nicolas maduro. mike smith has our story. mike: it really started in 2016 when there was an attempted coup in turkey and president erdogan felt isolated, did not feel like anyone was calling in the support he needed. he got a call from the maduro regime in venezuela, basically saying they were siding with him, they were behind turkey, and would stand behind them no matter what. this really struck a chord with president erdogan in turkey and president maduro who also fought off a coup by the u.s. that is really how it all started. ince then, it has really grown to be a critical part of the maduro government's

existence. carol: critical, but is it a good one? mike: i think it is good for the maduro government. it goes against what the trump administration is trying to make happen in venezuela which is a regime change. it's basically a way for venezuela to get a round sanctions that are basically choking them off from the international finance system, the dollar-based system. they are using quite a clever mix of trading gold for food and cash in a place that will let them do business. arol: it has also copy attention of a lot of law nforcement organizations around the world. there is one individual who seems critical to this gold for food operation.

mike: our reporting shows that there is one person sort of who is the central operator, if you will. the ceo, if you will, who is managing almost everything. his name is alex. a colombian businessman from a port on the caribbean, close to the venezuelan border. he has been doing business for years via contracts to supply food and oil equipment and other things to the government first of hugo chavez and after he died maduro. he has also been at the center of a number of corrupt rackets, if you believe law-enforcement in multiple countries. basically scamming a lot of money off of contracts to supply food at extremely overpriced values and to make the cronies who give him those contracts rich. carol: it is crazy. there is the venezuelan gold and that gold is being used to get access to food.

he's supplying that food to venezuela who sorely need it. at same time, the process of gold for food, you wonder what kind of money is being laundered. this is what it comes down to. mike: this is what these multiple investigations are pointing at. investigators believe this is far more than what sounds really good, which is a country trying to get food to feed its people. they are getting food, but it is questionable how much it is costing them and it was getting rich off those contracts. you have to look beyond it. it is really what the relationship in turkey has developed into, basically the center of operations for both the government of venezuela and the people who supply these contracts and make a ton of money off of them.

because basically turkey has given them one of the only lifelines in the world these days to make money, to do business. the currency, instead of u.s. dollars which it has always been, is gold. carol: another controversial south american story in the economic section. the cost of corruption in brazil has welled up $39 billion largely thanks to off-duty cops operating in militias. silvia: the country went into a huge recession in 2014. basically, there are no jobs. there is lots of crime and corruption. coming into that, the election of bolsonaro is a reflection of that desire for the hardliner leadership. that same opening is allowing these militias to take advantage of the citizens. carol: tell us who are these militias? silvia: they are off-duty or rogue and/or security officers off-duty. a lot of officers who moonlight

essentially as these militias are paramilitary wings. carol: part of the official law-enforcement, but on their own time, they are doing this. silvia: exactly. these militias have been almost endorsed and offended by jair bolsonaro who has said if they are going to clean up the streets and take care of crime, that is what they will do. there is a little bit of tacit approval there. carol: what is interesting is -- tell us as a result in terms of the impact of the citizens there. as a result of these militias. they feel threatened and being threatened. silvia: they are also being charged. it is a security racket. charged anywhere from five dollars a month to hundreds of dollars a month for a big building. access to cooking gas, internet, fuel.

it is basically a mafia situation. carol: it is not just about policing the streets, but you talk about the militias' control over the oil of business. it is crucial to the economy. you wonder about how deeply they have penetrated the various systems within the country. silvia: absolutely. they have been a victim of oil theft. the militias are getting into regulating illegal gas stations. they are also getting into illegal real estate development, as well as even from selling contraband cigarettes and smuggling cigarettes in from araguay. carol: there was this statistic that talked about the punishing cost on brazil.

consuming as much as 2.3% of gdp. does anybody say -- forgive me for thinking this -- that this is a necessary evil to get things back on track? silvia: this is a really interesting question. we talk about the 2.3% number which represents $39 billion. that is a truly huge number of the gross domestic product. i think there is probably some understanding, and i think this may explain the tacit approval of the government at times, well, if they are getting paid and taking care of this work, that is what needs to get done. in this environment, in a recession, there is very high crime. there is a lot of drug trafficking. there is probably some argument that someone is saying maybe they are actually helping in cleaning it up and this is its own economy. carol: next, what fiat risks with the sudden death of sergio marchionne. next, robert de niro on what it is like to work with netflix. this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i'm carol massar. robert de niro tells us what to expect at this year's tribeca film festival. how the future of steaks may depend on the future breed of cow. a book on the former ceo of chrysler and fiat who passed away last july and we got the preview. > this is his last interview

and he gave me his overview of the future of the auto industry. at the time, it was emotional. i didn't know he was sick. he knew, but i didn't -- no one did. as i discovered for the book, he left everyone outside his relatives in the dark. no one knew he was sick and no one knew he was going to the hospital for the surgery, so this was a real shock. also for people very close to him for years. carol: let's go there because the excerpt talks about the fiat chrysler's chairman and he too didn't know that he was so sick. >> they had a very close professional and even personal

relationship but even he didn't know anything. he didn't know he was going to have a surgery and he didn't get any update on his condition for days, weeks. three days before he discovered what was really going on, he went to the hospital in zürich. he wasn't able to get into the intensive care unit. he didn't get any information because marchionne wanted privacy and didn't want to give any information essentially to anyone and he went back three days later when speculation was mounting on his condition. it was five days before the second or third call. he wanted to know what was coming on and when he walked into the hospital, he met his partner. he understood that marchionne was never going to come back. yeah. this is the news. carol: as you know better than anyone, sergio marchionne was

an incredible auto executive. he was, as you write in your book, he was on the phone constantly. he was on whatsapp messaging people constantly. tommaso: absolutely and this is one of the reasons i personally started to feel worried about his health condition because he was suddenly off-line. marchionne was always online. he was obsessed about his job. he was working more than 15 hours a day and suddenly disappeared. he discovered he had 24 hours to come with a successor to marchionne. the three companies that were the old fiat when marchionne joined. the two numbers mentioned in my story is that marchionne wrote fiat was almost bankrupt and worth about $6 billion. when he left 14 years later, the three companies were worth about $80 billion. this is what he did in 14 years in terms of value.

carol: a look back at sergio marchionne's legacy and it was quite a legacy. >> he ran fiat and then fiat and chrysler merged. since he took over in 2014, up 280% and then the shares, hovering in the small trading range as they await the uncertainty of what comes next but this is why in the 2017 annual report, they said he was so critical to company strategy given the share price. carol: growing market cap, growing revenues. taylor, thank you. next, a call to wash your hands. plus, climate change proving cows of future generations get to enjoy steak, as well.

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>> welcome back to "bloomberg businessweek." join jason kelly and me every week from 2:00 to 5:00 wall street time. check out our podcast at itunes, soundcloud, and bloomberg.com. find us online at businessweek.com. the world's best-known antibacterial labels are pouring millions into pro-bacterial startups. did you get that? germ friendly companies. caroline winter has more on the story. >> david whitlock is an inventor, a chemical engineer

by training and previously worked on all different projects but became fascinated by the idea of good bacteria around 2000 and specifically the idea that we need bacteria to be healthy. carol: specifically, he does aob ammonia oxidizing bacteria. >> around that time, he went on a date and the woman asked him why horses like rolling in the dirt in the springtime before the insects start biting. he was fascinated by those questions and started looking into it and came across bacteria called ammonia oxidizing bacteria and they take ammonia in your sweat and transform it into nitrite, anti-infective. and a molecule that is good for health effects. carol: he became the experiment. tell us about his ritual at night that he would do. trying to figure out how this bacteria produced, by his own

body, could be beneficial. caroline: right, he was the first test subject. he stopped showering and grew these bacteria, and he had a concoction that he would douse himself with periodically in order to create a film of ammonia oxidizing bacteria which he thought would help with mental and physical health issues he was dealing with, but also eliminate the need to bathe or use soap. he actually said initially he started to smell a little bit and he applied more of the bacteria and wore sweaters and started to sweat more, and through that process, he stopped smelling and he said it had good effect on him, although he is careful to say that clinical trials need to be done. carol: that was a few years ago. fast forward to today. he started the company and has raised about $100 million or more.

tell us about the company and the investors, and what they are hoping to do with his findings. caroline: the company is called ao biome. they are looking at the effect of bacteria from every thing from acne to hypertension migraines, allergies, and they are hoping to go beyond that. they have a cosmetic branch which sells david whitlock's bacteria spray so everyone can use it and they do now have tens of thousands buying this online. it is coming to whole foods. it is becoming a real thing, and interestingly, the company -- the cosmetic branch was sold last year to sc johnson, the maker of many antibacterial product including drano and raid, windex. it is a funny pairing, but there are companies known for making antibacterial products

investing in the microbiota. carol: also, as the planet warms up, researchers in florida are exploring the limits of agricultural adaptation. in other words, how to breed heat proof cows. christopher follows climate change for bloomberg and joins us. we love the story and have to remember that he affects agriculture. it affects cows, which is what you focus on. >> the thing that is important to know about agriculture is it is already an industry that is prepared for extreme weather. agriculture has to deal with extreme heat, too much water, not enough water, but the top people in energy say what is happening in climate change is new because it takes the extremes to greater lengths. whatever part of agriculture we

look at, they are worried about it. how can we keep producing crops or livestock at the same level? one example i looked at in the story is cattle. everyone talks about the effect of cattle on climate change, because cows produce methane which leads to higher warming. i look at it the other way. what is the effect of higher warming on cattle and producers are worried about this. scientists say even slight increases in temperature and humidity can make it harder for cows to stay healthy, reproduce, have high-quality meat. i talked to her researcher in florida about whether you can do a more intelligent crossbreeding to better protect cattle against heat without sacrificing the delicious uality of steak? carol: i had no idea there were so much cattle in florida, but you make a point there are cattle out there more heat resistant but maybe don't taste so good, and there are cattle that taste good but are not so heat resistant. you've got to figure out how to ake it work.

christopher: when we look at in the story can be an example of how solutions through technology and science can help us ill with climate change. hope with the project is that with the right genetic expertise and crossbreeding, you can maintain the current supply of well marbled steak, even in the face of higher temperatures, but the question is to what degree is that going to work? we don't know yet. to what degree will other parts of agriculture have those same options? can we protect crops, livestock, our whole food supply? will it cost us more money to have food we want and that is the scary part of this. we don't know get what we will have to sacrifice as consumers and what the industry will have to sacrifice in terms of convenience or cost or time to make this still available in the face of climate change. carol: the point in your story

is when we look at agriculture, maybe we are not at a crisis yet as a result of climate change but we are moving rapidly there. that is the concern at this point. we've got to figure out some solutions. christopher: yeah, the one thing every thing i spoke with for the story agreed on was we know what direction this is going. it is getting worse, whether it is higher temperatures, more co2 in the air which makes crops less nutritious, more rainfall, less rainfall when you want rainfall. all the trends are negative and the question is not cap we maintain the food supply we have today, but to what degree to protect that in the future as things get more extreme? carol: thanks very much, chris. we've got more on our daily bloomberg businessweek radio. i caught up with editor joel weber and talked about climate change coverage in the magazine.

joel: one of the elements chris always has is about adaptation. how are humans going to fare with changing reality we will face in the not so distant future? you can talk about temperatures, but you can also talk about food supply. if we can't secure that, then what is it all for? what he dug into with this story about beef is that cattle are actually extremely vulnerable to temperature changes, and what we are looking at -- there are two breeds of cattle. one tastes good, the other, the brahman, is more heat resistant. it doesn't taste as good and there is an effort underway of, can we create a better cow? carol: it is about presenting the situation but there are people who are working on this. joel: someone is actually trying to provide a solutions

or you can have steak when everything else goes to hell. carol: next, mario batali's former business partners plot a new restaurant empire without the infamous chef. plus, the former ceo of california pizza kitchen has a new restaurant he plans on turning into a household name. also, robert de niro telling us what to expect at the tribeca film festival. this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." i'm carol massar. you can listen to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c. and am 960 in the bay area. in london on dab digital and on the bloomberg business app. celebrity chef mario batali fell from grace in 2017 after numerous women accused him of sexual abuse. his former partners say they

are excited to build the restaurants without his baggage. our reporters have the story. >> he came up at the right moment. he came up in the early 90's when the food network was taking off and used each other really well. he was a star on the food network who talked to people in an intelligent way, he taught them to make pasta instead of boring ways. he wanted to teach people about italy and he became a star and had fantastic instincts for making italian food sexy and fun. carol: he and joe opened up a bunch of restaurants and became a strong and forceful pair, right? in the restaurant industry. that was then, then fast-forward #metoo and that impacts mario batali. kate: yeah, the movement changed everything and it was like someone turned on the lights at the club. everything that was great and fun and and behavior that might

have gone on in upstairs dining room or something like that all of a sudden became things he would talk about on 60 minutes and file a police investigation on. when you put a spotlight on it, there was a lot going on. carol: i feel like it is a story that we see in many other industries where there is a media industry, people were known for having a history or doing certain things. it just wasn't made public and all of a sudden, it was and that changed things. kate: right, exactly. that is where devin's fantastic reporting skills came in. >> just go back and read the book "heat," there are clues and the way he behaves towards women. in the book, whether he is on tv or out drinking, if you read that book now, knowing what we know now, it is all there.

it just wasn't verbally harassing people, he was groping people. carol: it was pretty egregious, some of the stuff in your story. devin: that is why he was forced out of his restaurant. carol: it was devastating. he went from being at the height of this industry to being at the bottom. kate: he was the epitome of the celebrity chef. he was one of those familiar faces. you didn't need a last name. carol: what is fascinating, and let's go back to the artnership between mario batali and joe bastillonich. so now, joe is buying into that business, or buying him out? or so we think? kate: so we think.

devin: well, we know what they have said and what they have said is basically joe's sister, she is stepping in basically to mario's ownership role so she and joe are going to basically have the majority position. all the restaurants, they will be running them. carol: in our podcast this week, jason kelly sat down with gj hart, the president of orchy's tacos. he developed california pizza kitchen and texas roadhouse into well-known brands. >> i tried the food, met the people, and i think about the opportunity around america and his is pretty special. i've seen lots of things. this is probably the biggest opportunity i have seen in a long time.

not just nationally, but internationally. ason: why? you've worked at so many big concepts. tacos is not an obvious one -- i love tacos, but why is this one so special? >> no one has really taken tacos and be able to take it in a big scale and do it with a product all freshly made from scratch with all those flavor profiles. that is part of the answers so when i saw that and -- at the end of the day, it is all about food in the restaurant business. this food is really special. jason: talk to me about private equity, general atlantic represents that. what element does that bring in and what was your attractiveness or trepidation in going into a private equity owned enterprise?

g.j.: they are an incredible enterprise and that made me comfortable. i am fortunate to work with other great private equity firms and i have to say, they are a special group. also, the original five founders are involved in business with me and so you take a mix of those two things and it just attracted me. there is a special dynamic. to a growth investor that has a unique special culture, those things mary really well and for me, loving to grow things, this was a great opportunity to combine those things and quite frankly, have an opportunity to do something special. carol: for more of our interview, check out our extra podcast where you download your podcast and a bloomberg.com/podcast. also happening, the tribeca film festival is taking place right now in lower manhattan. i asked its founders what to

expect this year. >> our programmers have combed the globe, literally, and gone through over 8000 submissions to pick what they believe are the voices to look forward to, as well as the voices to look back at. steve had many come out of this festival and you are looking back at the work of francis ford coppola -- and he doesn't top. he is still working on apocalypse now, so you now have a remastered in dolby at most apocalypse and having francis come out and talk to steven soderbergh who is such a technically forward thinker in film. the two of them sitting down to have a talk, so part of tribeca is about expecting the

unexpected. carol: i'm curious what you think about the streaming world. apple made an announcement, netflix, amazon. how does it impact what movies are made, how they are made, and what constitutes? robert: netflix, well -- listen. they love movies and are doing a lot. we did "the irishman." we had a lot of trouble getting started. a lot of people wanted to put money in it at the end of the day, they can't. doing a movie in general is like that. getting the money -- and i came in and it was a very ambitious project. we have been working on it for years and they just let us do it. that is very important. the format, how it is presented, they know we have to present it a certain way. they have their way later on, but we have worked that

out. e were fortunate to have netflix come into it. jane: for creators, for producers, for directors, for actors, there is more work and that is exciting. the other thing that is exciting is you can tell your story. it is no longer being told to you you can only do it within 90 minutes. you have to have commercial breaks. you are free to tell your story, and whatever the weight of the story is is going to be how you will be able to put it out there into the world, so i think it is really exciting. carol: "bloomberg businessweek" is available on newsstands now and available online at bloomberg businessweek.com. you can find more stories on businessweek.com over the weekend and check out our businessweek podcast available at itunes, soundcloud, and bloomberg.com. next week, "bloomberg businessweek" is headed to a conference in beverly hills.

jason kelly and i talked to world leaders in commerce and culture. we will bring you all the highlights. more bloomberg television starts right now. ♪ so with xfinity mobile

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♪ david: your father was in the agriculture business? randall: do you know what animal husbandry is, david? david: i started out as a animal husbandry major myself. randall: i'm getting a robocall too. [laughter] randall: it is literally a robocall. i said in spanish, the next person to speak to me in english is fired. i don't care if the building is on fire. david: you are trying to rapidly build 5g. randall: it is conceivable we will move into a world without screens. >> would you fix your tie, please? david: well, people wouldnt recognize me if my tie was fixed, but ok. just leave it this way. alright.