♪ carol: welcome to "bloomberg businessweek." i am carol massar. jason: and i am jason kelly. we are here inside bloomberg headquarters in new york. carol: more from our special double issue on the 150th anniversary of the periodic table. we explore why it is more important than ever the connections between the elements and businesses and why it is only getting stronger. jason: new york bands predatory

loans, a practice brought to light last year with a series of stories, including a cover of "businessweek" on how an obscure document turned the court system into a debt collection machine. we will take a look at the new legislation and its impact. carol: porsche unveiling its first ever electric car in a battle to steal the market that tesla built. ycano -- look at the ta turbo. jason: our big story of the week, brexit. boris johnson's do or die strategy to exit the eu was derailed and his plan for a general election was rejected. carol: what a week. having bet everything on getting britain out of the european union by october 31, now he really can't back down. let's bring in our editor from london on what's next for the u.k. prime minister and if he will need to delay brexit. what a week it was for boris johnson. how weakened is he as a leader

of the u.k.? >> boris johnson is completely trapped. he has been british prime minister only six weeks and has already discovered that there is not a great deal that he can do. he is in charge of a government that has no majority at all in the house of commons, because not least, he decided to fire 21 members of his own party. he refused to follow his instructions. it is an extremely difficult situation for him. he has lost all authority. has to hope the country gives him a geordie in parliament and a new mandate -- a majority in parliament and a new mandate. he tried to do that but could not even get the election he wanted. he will try next monday to get the election in another vote in the comments. jason: what was the biggest miscalculation that he made? he obviously swept in with his traditional bravado, essentially

saying, this is going to happen, i am going to make it happen, but what was the mistake that he made? >> i thinkto be seen whether any of this is a mistake. it is still technically possible he pulls off a miracle and somehow manages to get a deal out of the european union before october 31 or indeed gets his election and comes back with a majority from the country and takes the u.k. out with no deal. we have to reserve judgment a little bit at this stage, but right now, i think the clear truth is that he has boxed himself into a corner by promising do or die to get the u.k. out of the eu on october 31. that has given him no real room to maneuver. it was important to get him elected as tory leader and u.k. prime minister back in the summer. it has meant he has really got no flexibility at all. carol: what does it mean for the u.k. public? i'm curious where they way in on brexit at this point. >> the country is completely

divided. ever since the 2016 referendum, the u.k. has been pretty much split down the middle on brexit. attitudes have not changed a great deal in that period. you're a skeptic anti-eu pro leave voters are still pretty keen to get on with it. some people still think the u.k. should stay in. it's poison politics, i think it's fair to say. in terms of the election, if boris johnson does get his election, it's unclear if he will get the majority wants. that kind of gamble can easily backfire. any you metal with the british democracy or any democracy, it's difficult to know how it will pan out. jason: amid all of this drama, in the you cannot make it up category, his own brother quit the parliament, right? what was behind that? >> yes, the johnson family is an extraordinary drama in its own right. boris johnson's brother, jo

johnson, was a minister and a member of parliament and the party -- in the party. very highly regarded, much quieter, soft-spoken, just like to get on with his job pretty privately. personality wise, they were very different people. jo johnson decided he could not any longer serve in the government or in the same parliament as his brother because he disagreed so strongly with boris johnson's brexit policy. he thought it would be bad for the country to leave with no deal. boris johnson has suffered that personal as well as professional below as well on top of everything else this week. carol: can't wait for the holidays to come around and they are together around the family dinner -- family table for dinner. one last question. i am curious about, can we say that we will know in a few months ultimately whether or not that the u.k. will be in or out of the european union? >> in a way, it comes down to

the eu as well. will they decide that they have run out of patience? will president macron say we cannot keep delaying brexit, we cannot keep being held hostage by the british. we have to just get rid of them and get them out. i think that's a question that will come up in the weeks ahead running up to the next european summit. it could go on for many months. if this delay goes through at the end of october, there could be another one, and another one, at another one until eventually perhaps you might have to go for another referendum just to settle it once and for all. jason: thank you so much. a great update on what is going on in london. never a dole moment. we turn now to businessweek's special double issue, "the elements," on in-depth look at all of the elements of the periodic table and their connections to business. carol: let's check in with the joel weber on why he put them on the cover. >> we decided to cover every single element on the periodic table because ultimately, these

are all business stories. this is the story of business. carol: you took us places i think there were a lot of surprises for us. i think we think of the periodic table as, all right, it was developed a long time ago. it's such a bigger, broader thing. it means a lot today. >> that's the wrong way to think it.t if you associate it with high school chemistry class and get a little anxiety about that, forget about it. we wanted to make this fund. , party cityhelium was closing stores because there is a helium shortage. entrepreneurs are trying to solve that problem. or lithium, and you think about battery technology and what electric vehicles are going to be possible, or hydrogen for that matter. everyone of these things and things we take for granted, like a computer chip, and how many elements are required to actually make this. they are kind of hidden in plain sight and yet they are

absolutely fundamental to the modern economy and the future of business. jason: and coming up, we will bring you more on why matter still matters. we dig into the periodic table on its 150th anniversary and the connection between the elements and the business. it is only getting stronger. carol: plus, we have a look at the history and the chemist behind the table. why he is regarded as an inventor today and why this year is being celebrated as the international year of the periodic table. jason: this is "bloomberg businessweek." ♪

♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: and i am carol massar. join us for "bloomberg businessweek." every day on the radio starting at 2:00 p.m. wall street time. you can also check out our podcasts on apple podcasts and bloomberg.com. jason: you can find us online at businessweek.com and through our

mobile app. let's head back to businessweek's special double issue on the elements. carol: here is economics editor peter coy with his remarks. why the periodic table of elements is more important than ever on its 150th anniversary. >> really, it is an economic story. i think of everything as an economic story, but reasonably speaking, the economy is built on the periodic table. we live with carbon, silicon, nitrogen, phosphorus, i can go on and on. after all, everything in the world is built from these elements in the periodic table. we think of the world sometimes as being virtual these days. we think of software, patents, copyrights. carol: something in the cloud, whatever the heck that means. >> the value is virtual, but in true, i and that's won't deny that all of these things are important, but what are they built on? what does software run on?

computers. what our computers? hardware. hardware is made from the periodic table. carol: what i think is fascinating about this issue, here we are celebrating the 150th anniversary of the periodic table, and your point is that it is more important than ever before. it's really relevant and important. >> what fascinated me as i was working on this story is how the periodic table has been exploited. advances, weogy we, the and more -- experts, not i, get more and more precise about formulations, finding the exact pinch of that -- exact right pinch of this, pinch of that. semi conductors, for example. each one is a different composition tweaked for optimal performance. you have arsenic. you think of arsenic as poison, it is used for high-speed chips. silicon is doped with various

elements. as a society advances, as technology advances, we use more and more of the elements in the periodic table. this project is fascinating because we lall of them. there is a few, it is a far ennd d, the high numbers which really have no uses, but the majority are actually being used in some crazy way or another. jason: one of the examples that you give that really brought it home for me is the cell phone. you think about the evolution of that piece of machinery. one of the ways you can track the evolution is the number of different elements ultimately that are used in the modern cell phone, especially versus how they were originally conceived. carol: i believe it is 75. jason: yeah -- >> yeah. we are talking about some that are almost invisible in terms of how much they are being used. i have another analogy which i will claim credit for, ethe hums

our first factory. it takes in inputs and produces outputs. - and not just - the human body, but the evolution of all the different species over millions and billions of years -- has found ways to take almonds from the environment, -- elements from the environment and incorporate them into our own flesh. there are some exotic examples , parts ofe human eye the bones, the brain. what we are doing as a technological society is sort of duplicating, going beyond what evolution has done far own body. carol: i also think what's interesting and as you mentioned the cell phone example and there are so many different elements within the cell phone. this whole idea of where we are as a society today, that it

takes so much to build this great product that we use all the time. that also creates this supply chain that reminds us how we are interconnected. >> it's the story of globalization. going back to the original question, why are we writing about this? we write on globalization all the time. i cannot think of a better example of globalization than this. these war-torn countries in africa are incredibly vital sources of some of the elements that are used in cell phone products. we think about conflict diamonds , but there are conflict minerals as well. we have this fight now over the rare earth elements. jason: the trade war, ultimately, in some form or fashion is steeped in the tensions between the u.s. and china. >> china is the world's leading producer of rare earth, which are not actually rare as far as their percentage of the earth's

crust, but they are increasingly hard to get. carol: for more on the history of the periodic table -- jason: and to put into perspective, here is the editor behind the issue, we call him the architect, jeremy king. >> a siberian fellow. as most scientists do, he went to school elsewhere in europe, came back home working out of st. petersburg. there was a lot of discussion in the scientific community at that time about, what are the building blocks of matter? why do some substances resemble others? why do they behave the same way? there was this idea of periodic ity, that you could order them in a way that showed how certain elements were like other ones. others were trying to crack this and produce something that looked logical and sort of importantly, with science, you have a hypothesis, you want it to be tested by others.

they can independently say like, yes, this is scientifically sound. he produced a table that showed iodicity of the elements , for example, white carbon and carbon andwhy silicon behave the same weight. he predicted certain holes where we had not discovered the element. carol: isn't that crazy? he knew there was more to come. >> germanium is an example of one that they discovered. re.on: it fits thet >> yup. that's what sort of gave it its power and others began to use as a reference point. it helps kick off an era of industrial chemistry and a new appreciation of the way the natural world works. jason: for those of us that don't remember as well our high school chemistry days, how is it organized?

i mean, what is the periodicity you are talking about? >> ok, so you know the way the table looked. it starts at hydrogen. so your columns, you have -- you know that the building blocks, you have an atom, proton, and electron, and there are neutrons as well. the proton is numbered one through 118. you have the electrons that circle around. column, theolumn to number of electrons in the outer layer is similar. that's why you can get, on two alkali,u have sodium, or potassium and iodine, which

are on the same rose below, they bind together. you can get potassium iodine tablets to protect you from radiation. ws belowe added some ro because he did not want the chart to get too wide. >> that came later but it was certainly possible at the time. those are most of the rare earths -- most of the rare earths go there. below that, you have the sort of nuclear radioactive elements that go below that. carol: but it has not changed much, right? i think he died in the early 1900s and it has not changed much. some tweaks, correct? >> the original table was a series of text. the squares and that kind of thing and the way that we think about the groupings was not necessarily pinned down at that time. again, it sort of shows the power of what he did at that time. you could still discover more about the periodic table.

jason: coming up, oil industry critics fixate on carbon emissions and with good reason. carol: they do indeed, but there is another problem, sulfur. jason: more from our special double issue, "the elements." this is "bloomberg businessweek." ♪

♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: and i am carol massar. you can also listen to us on the radio on sirius xm channel 119 and in new york, boston, washington, d.c. jason: am 960 in the bay area, and london on dab digital and through the bloomberg business app. on the 150th birthday of the periodic table, businessweek explores why it is arguably the greatest work chart in business history. carol: it is a special elements

issue that covers all of the elements, including sulfur. here is this week's business week explainer on the oil industry. >> everything from acid rain to lung cancer. one gallon of high sulfur fuel used in most ships contains as much sulfur as 3500 gallons of gasoline. the international maritime organization has tried to come to the rescue. three years ago, the group issued rose to design test designed to cut emissions of sulfur oxide by up to 77%. making the rules is just a start. many refiners will have to change their equipment and processes or buy different types of crude. some shipowners will continue buying the old, dirty or fuel. the new fuel will be pricier. it is estimated that sending a supertanker of crude from saudi arabia to houston to cost $1 million more compared to a vessel still using the old, dirtier stuff. one study estimates that by 2025, the lower sulfur emissions will prevent nearly half a

million premature deaths from lung cancer and heart disease. for more on high sulfur if you and how shipowners are expected to comply with due new rules -- carol: here is our reporter in london. a branch ofrs ago, the u.n. called the international maritime organization, better known as made a rule basically saying that the sulfur content for most of the marine fuel around the world had to go down 0.5%..5 percent to sounds pretty simple, but for the oil and maritime industry, that was a huge upheaval. since then, we have been writing thousands of stories about how the different sectors are doing with that. carol: talk to us a little bit about heisel for fuel, what it fuel, whatigh sulfur it is and why it is so bad. >> when you take a barrel of crude oil to an oil refinery,

you will distill it, put it through various processes to make lots of more valuable fuels that we know that gasoline, diesel, jet fuel, and other things. is what is left over from that process effectively -- fuel oil is what is left over from that process effectively. it is sort of seen as a waste product from the reminding system and that is what goes into will the world -- goes into the world's ships. carol: and causes lung cancer, heart disease. this is pretty legal stuff. >> it has certainly been linked to a number of health conditions , asthma, cancer. it has also been blamed for acid rain. also, there was a study which is referred to in the article. i believe it was submitted by finland to the i am of -- imo. it shows that by bringing this

regulation in by 2020 rather than 2025, there will be at least -- about half a million premature deaths from lung cancer and heart disease avoided. jason: you talk in your story about the fact that even if everyone agrees that this is the right thing to do, there are actually incentives for a lot of shipping companies out there to kind of look the other way and keep the system. tell us about that. >> the reason being, the different fuels cost very different amounts. if you want to keep burning that high sulfur, dirty marine fuel that a lot of ships legitimately use now, that will cost you something like let's say $300 a ton. whereas if you want to pay for the cleaner stuff, now we don't want to get too complicated, but there are different types of cleaner stuff. roughly, you might pay $200 per ton or so more for the cleaner stuff. if you are burning say -- if you

have a big ship like a giant oil tanker and burning about 80 tons a day of marine fuel and you are two hundred dollars-$300 per ton and traveling all the way around the world, that adds up. carol: coming up, more on the elements. a different kind of inflation problem. the world is running out of helium but two geologists might have a fixed. jason: plus, a dangerous different kind of liquid asset. mercury in a growing number of beauty creams. it is a $20 billion market that has a big counterfeit problem. carol: it does indeed. this is "bloomberg businessweek." ♪ - i think the best company's succeed as a team

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- [narrator] custom ink has hundreds of products to help you look and feel like a team. upload your logo or start your design today at customink.com carol: welcome back to "bloomberg businessweek." i am carol massar. "bloomberg businessweek." i am carol massar. jason: still ahead, the sex and the city author has a new book. we sit down to talk about that and what has changed for single women. carol: plus, the world debut of the new porsche could be trouble for tesla. we caught up with the north

america ceo. jason: but first, back to our special double issue on the elements. storesthe world's helium are running low and it's not just party balloons at risk. here is our editor on a different kind of inflation problem. >> pretty much all of the available helium comes from about a dozen fields and about half of it from the u.s. and qatar. when there is an interruption in supply like there was during the qatar blockade, prices spike genetically -- dramatically. thes a bigger problem as u.s. government has wound down its supply of helium reserves which had been a thing in the early 20th century. carol: why didn't the government have those reserves -- did the

government have those reserves? , as early as the late 19th century, the government was betting on the future being ruled by airships. jason: hindenburg put an end to all about -- all of that. one of the things you point out are the key uses of helium today. icbms and space from. spit -- space travel. that has been on the mind of many of us, not just elon musk. this feels like something that could arguably even more important going forward. >> yeah, i think that's right. in fact, nasa was the big reason for the feds holding on to their store of helium. it was in the 90's that congress said the private sector should as wellto handle this

as the public sector's massive subsidies imposed a winding down process on the federal stores which left of the market with few controls when prices started jacking up. carol: tell us about the two individuals profiled in the story. the australian geologists who may have found a great wealth of helium. thomas, theh and guys who founded this company helium one have been a former roommates in australia. carol: they went on a road trip. , one invited another to come see where he had been hunting for gold claim in tanzania. in other guy found a book the back of the truck while they were tooling around that seemed to suggest that parts of tanzania had off the charts

levels of helium concentration. it is something that mining companies have ignored forever because helium is a byproduct of a more profitable natural gas. although it is the second most abundant element in the universe, it's hard to keep on earth. companies for the most part have been happy to just let it do that. carol: we now turn to mercury. it's poisonous properties are legendary. you might remember, the mad hatter is mad because of a common compound used by hat makers that presumably ravaged his nervous system. jason: that's an amazing peace of trivia. -- piece of trivia. people around the world are using cosmetics that are laced with poison and regulators and advocates are just scratching the surface of a global mercury crisis. there is, in the markets of

the developing world, a problem with lower-priced things with ingredients that are completely unclear to the consumer. raidnt on, essentially, a in the philippines where we just went shopping and bought the stuff and brought them back to the offices of this ngo in manila and did a test. there is an x-ray gun that at the jars -- rays and gets an instant result of showing what the mercury content is. there is a measurement. is thet per unit borderline on what we safe. it has got to be less. we came up with numbers that were more than 20,000 times the fda safe limit. jason: how does this grow into get massive black market to this into these products? >> mercury is cheap.

you essentially get these big , and chinah them up is the biggest source of mercury compounds. turned into a powder that can be exported anywhere. and because it actually works, it makes its way into these products is a cheap lightening cheap lightening agent. what we did was find packages that tested positive to the extreme, brands that were fairly well-known to the anti-mercury advocates of their and went up the chain. -- up there and went up the chain. one branch was out of pakistan and we contacted them. pakistan said, hey, how come you have got mercury? enoughwer was it must be -- a knockoff. it took us down the rabbit hole of what is real and what is not

in this market. you are talking about parts of the world or regulation is not what is in the u.s., the u.k., or the eu, where you never quite know. even the packaging, there are misspellings and the punctuation is bad. knockoffsible it was a which sent us on another search of getting actual samples that the company said it was from them. it took weeks of thinking it was lost in the mail coming back. result fromwe got a the company themselves. they sent us the results and said we are clean, no mercury in our official part -- product. literally, as we were going to press, we got the official sample from the company in pakistan. had tested at the most revocable it came upg kong and loaded with as much as 4000 times the fda limit. carol: still ahead, have a cover

story last year led to a new bill signed by governor cuomo. jason: it's aimed at ending new york's role of nationwide lending abuse. this is "bloomberg businessweek." ♪

jason: welcome back to "bloomberg businessweek." us every day on the radio starting at 2 p.m. wall street time. you can also catch up on our daily show by checking out our podcast. and you can find us online at businessweek.com and through our mobile app. let's go back to a businessweek story. it was on the cover last november. it was a series of stories and data about the merchant cash industry. it brought to light an obscure document that turned new york's court system into a debt collection machine. carol: it took a significant

deterrent last week with the signing of a bill by new york governor andrew cuomo. here is our reporter who wrote the series last year. it was five stories you guys wrote about. some great investigative journalism. remind us what it was all about. >> the stories were about how these obscure legal instruments called a confession of judgment being used by this cash advance industry. they make very high interest rate loans to small businesses like pizza parlors and truckers and plumbers, things like that. how they were using this instrument, they would essentially be able to unilaterally seize the assets of these businesses whenever they felt like it. a lot of our series was about the abuses of this instrument. you can follow these things in court -- you could file these

things in court without any evidence the borrower was not paying and immediately seize their bank account and go after their customers. jason: new york essentially became the venue of choice. because even if you are outside of new york, it was filed in a certain way that you could just go to a court cannot get a stamp, and get your money -- court, get a stamp, and get your money. >> that's right, it was a nationwide practice but they were all using courts in new york and relatively small county clerk offices in places like buffalo. carol: but these confessions of judgment, what's fascinating is if you took this loan, you basically signed away your right to have your day in court. >> that's right. it was a little bit like a plea agreement in a criminal case where you are essentially admitting that you own this debt. -- owe this debt.

but you signed that as a condition of getting the loan, so before you even get the loan, you are admitting you're not paying it back and give the lender total latitude to file at any time they want. carol: talk to us about the bill that governor cuomo signed. >> right. so the bill the governor signed practiceay ends the when it comes to using new york courts against out-of-state debtors. you can still do it against the new york residents, but you can't do it in the rest of the country, which is where 95% of the confessions were filed. so that is going to go away. jason: why was this able to persist for so long? if you are outside of the cash advance industry, you have got to look at this and say this just is not right. it does not take a lot to say

you should not be able to do this. >> yeah, i agree with you. the problem was just that this practice had grown up so quickly and just a few years -- in just a few years. something like 30,000 in just two or three years. even though it became extremely common, it was virtually unknown outside of the industry. and even lawyers representing the small businesses were flummoxed. they had no idea how to handle this situation because it was so aggressive and no one had heard about it. what's fascinating is you guys did a series of five stories and let us to a new york city official making millions being rather aggressive in going after these loans. >> that's right. the other weird part of the story was, once you get this judgment entered in some courthouse in upstate new york, you then go to a city government official in new york city and

they are the ones who go and raid the bank account and they get a percentage of whatever they recover. so there are city officials who are making millions a year working for these predatory lenders. jason: so what happens next from here? is curbing the practice for people outside of new york. in the state of new york, is there some momentum that maybe this practice will be ceased or curbed in a more meaningful way? >> there are discussions of legislation at the federal level. there are other possible state legislations that people have talked about. there are also investigations the ftc, the attorney general, and criminal investigators. all looking into some of these abuses. carol: thank you so much, great investigative reporting.

we talk about impact journalism, you guys really brought about a change. great stuff. jason: up next, the sex and the city author on returning to the single scene in her new book. that, plus her thoughts on feminism in today's economy. carol: a wide-ranging conversation. and trouble for tesla. after four years of hype, porsche unveils its electric car. we get a look with porsche's north american ceo. this is "bloomberg businessweek." ♪

carol: welcome back to "bloomberg businessweek." jason: you can also listen to us on the radio on sirius xm channel 119, and on a.m. 1130 in new york, 106.1 in boston, 99.1 f.m. in washington, d.c. carol: a.m. 960 in the bay area,

in london on dab digital, and of course, through the bloomberg business app. jason: we go outside the magazine to an author who defines the terms against. carol: she wrote "sex in the series.d the hit hbo she wrote a new book and we talk about single women in today's economy. candace: when i first wrote "sex in the city" i was a single women and there weren't supposed to be any single women in their 30's. that was 20, 25 years ago. being single in your 30's was considered, what's wrong with you? you have baggage, what's wrong with you, why haven't you been able to understand how society works? the was really the rise of sex in the city woman.

a woman who said i'm living by different rules for a variety of reasons. the sex in the city woman is really the woman who, in the 80's, set out to have it all and do it all. jason: look around at the economy right now. by many accounts, it is moving from a consumer perspective, and yet we talk about it everyday. there are clouds looming on the horizon. synthesize that with #metoo them #metoo, times- up, these moments of questioning the current power structure. how does the economy factor into what is happening next for women and for feminism? candace: one thing i noticed was, in 2008, it was the time of bridezilla's. consumerisme where really felt like it took off.

it was also a time where we lifted the debt requirements. people are spending, spending money. they are thinking they are going to have kids and they are putting the kids in designer clothes and we see all of this with the celebrities. actresses,y women, stood up in those times and said i am not a feminist? really shameful. and then the crash comes and there is a real change. financial jobs were lost which was predominantly men. -- i saw,hought personally, women who kept their jobs and became supporters of their families. we saw a real role reversal in that area -- era. candace: that is something i tried to cap sure -- capture in jungle," the lipstick

where i see more and more women are the breadwinners in the family. that has always been true for lower income women. for lower income women, it might be as high as 40%. , itfor upper income women was 20% now -- 20%, now maybe it is 35%. but that is something that is inching up along with less marriage and more single people. that's going to be the future for a lot of people. carol: this new book. you are older, dealing with dating again, but also a lot of other things. you call it the new middle-age. zeitgeiste, is so

because we are all in this time when we are getting older and dealing with lots of different issues. parents about it's also yourself, it is emotionally. it is a time of readjustment for men and women. carol: here more from our interview with candace bushnell. magazine andde the going outside our headquarters, we got an inside look at porsche's new $150,000 electric car. jason: after years of hype, they unveiled the car. expertorter and auto joined us for a close look. niagara falls as the backdrop , i would say it was spectacular. but others still have to confirm that. we could not be more happy about

the reception. are picking up noise that we have entered the electric vehicle segment with a real porsche. carol: this is a big deal for you guys. klaus: absolutely, yes. we typically work with derivatives within that line, so expect a few more alternatives to come within the line. but, of course, the future is electric. and with porsche, we think that kind of concept goes very well with sports cars. so we will see more of that. decade,eginning of next will have our b-segment suv, also battery. so we are moving into the electric role at staying with combustion as well. we will stand on three legs. the typical combustion engine people associate porsche with, a

hybrid with accommodation of advantages, and that. carol: talk to us about how long it takes to charge and how far it can go. acceleration, of course, is something you expect from an ev but you also expect everyday usability. that talks about range. we have not gotten the final range figures from the epa. the wcl figures suggest a range around 450 kilometers. so we are happy with that. but we drove down from niagara falls to new york. trip before we charged the car was 240 miles and we added another 45 miles on the car. so this is something that, from my point of view, is sufficient, especially if you look at the performance potential. range, from my point of

view, is going to change. people are going to find out that over 90% of instances where you charger car are at home or at work -- charge your car are at home or at work. jason: you know the car enthusiast so well. where are we in terms of adoption? klaus: we are not at the tipping point that people naturally gravitate towards. but we are at a point where people get more and more curious about that type of technology. again, tesla, they have plowed through the environment and they have started that trend and we have great respect for them. must car manufacturers announce their products now. we think we will see electric car sales picking up dramatically. if you want to take porsche as thatample, 2025, we say more than 50% of the cars we sell new will have electric

, either battery-powered or as hybrid. jason: bloomberg businessweek is available now. what is your must-read? carol: it is a must watch. check out that porsche. it is a really interesting car, very different on the inside from what you have seen. it is a huge effort by the company in its first modern all electric car. jason: and you should check out the pictures on carol's twitter feed of us inside the car. carol: yours? jason: candace bushnell! she really surprised me, it was not the interview i expected, the substance or the tone i expected. very enlightening. she is something. carol: it wasn't all cosmopolitans but there was the thinking going on. jason: you can find more stories on businessweek.com. carol: and check out our podcast. jason: more bloomberg television

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taylor: i'm taylor riggs in for emily chang. this is the "best of bloomberg technology." coming up, the tit-for-tat continues in china and the u.s.. they announced face-to-face negotiations scheduled for october. this is after a new batch of tariffs imposed by the u.s.. what it all means for apple.