carol: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." jason kelly. carol: i am carol massar. new can listen to us on radio. jason: and on the bloomberg business app. carol: wall street has created a new way to pay for college. jason: students can agree to hand over part of their future earnings. carol: claire boston has our story. >> i look at student debt, mortgage debt, the universal consumer debt. when you look at student debt, it is a crisis in america. i have been fascinated with what will happen. carol: a crisis for what? >> college costs keep going up, no one knows how to fix the problem, and that is tied to the government so investors are concerned. it is affecting the economy in big ways, but people think they will get paid back. so it is not a crisis in the finance world, but it is bad news for students. enterprising companies are trying to find a way to make this better for students, how can they take on lesson debt. one proposal is income sharing agreement. carol: isa's. >> instead of a $10,000 loan, you would have $10,000 fr

"arol: "bloomberg businessweek is available on newsstands now and available online at bloomberg businessweek.come 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. ♪ >> i'm emily chang and this is the best of bloomberg technology where we bring you all of our top interviews in tech. earnings are in all swing with result from face book, amazon, tesla, and more. plus, sam son has delayed the launch of its first foldable smartphone after viewers -- consumers report defects. can the company live up to its

♪ kelly: welcome to "bloomberg businessweek." son: we are joining you from bloomberg's headquarters in new york. kelly: economists have had a hard time forecasting recessions. jason: and japan schools the world on how it a wealthy nation can maintain its superpower status. kelly: and the greatest delivery empire on earth. about ae are talking chinese company that has made it cheaper to order in them to go out and has reshaped life in china cities. kelly: we talked to our editor about the story. first 40-year-old founder started trying to build social , you know, china for friend star, a facebook like. something that looked an awful lot like twitter. after blowing through the early stakes for friends and family and that suffering crackdowns from the government, decided to try and do something a little less controversial. he spent heavily thanks to early --estment by alibaba alibaba's jack ma to take the lead in what was known for some time as the 100 groupon war. he starts his company, get the investment from jack ma, and that he s

carol: this is "bloomberg: businessweek." ♪ carol: welcome back to "bloomberg: businessweek." son: join us for bloomberg everyday on the radio. and catch up by listening and subscribing to our podcast. carol: and you can find us online at businessweek.com and our mobile app. mercenaries, spies, double agents and refugees are all gathering in bogota. jason: the troubles in venezuela are turning the colombian capital into something like casablanca. carol: seemingly everyone is trying to help or take advantage of the crisis. >> something like 1.3 million immigrants have moved. refugees have left venezuela. next-door neighbor. moved toolombians venezuela when it was rich, oil paradise. columbia is relatively stable, i don't want to overstate that. jason: after years of being the opposite. >> that is right, these marxist guerrillas. farc. suddenly, you have a country that has come into its own in a position to be welcoming of refugees. unlike syrian refugees in germany, they all speak the same language and have a similar culture. there has been a generous opening of doors. carol: im

carol: "bloomberg businessweek" is available on newsstands now and available online at bloomberg businessweek.comnd 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. ♪ taylor: i'm taylor riggs, in for scarlet fu. this is "bloomberg etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. ♪ taylor: so the sec is cracking down on the names of thematic etf's, one of the fastest growing areas in the industry, covering everything from 5g networks to electric cars and video games. plus, hedge funds like bridgewater are increasing their usage of etf's. we speak to one manager who uses them heavily. and if you smoke them, you've got them. we drill down into an etf that

carol: "bloomberg businessweek" is available on newsstands now and also online at bloomberg businessweek.comnd 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 -- will be talking to world leaders in commerce and culture. we will bring you all the highlights. more bloomberg television starts now. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. ♪ david: your father was in

♪ carol: welcome to "bloomberg businessweek." i am carol massar. jason: and i am jason kelly. ining you from bloomberg's headquarters in new york. carol: in this week's program, why economists have had a hard time forecasting recessions. it is not easy. jason: it is not. and japan schools the world on how it a wealthy nation can maintain its superpower status. carol: and the cover story the , greatest delivery empire on earth. jason: we are talking about a company in china. meituan, a chinese company that has made it cheaper to order in than to go out and has reshaped life in china cities. carol: we talked to editor jeff muskus about the story. jeff: the 40-year-old founder of meituan started trying to build social networks in china for, you know, friend star, a facebook like. something that looked an awful lot like twitter with a can -- a handful of cofounders. after blowing through the early stakes for friends and family and then suffering crackdowns from the chinese government, they tried to do something a little less controversial. he spent heavily thanks to early investmen

this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." 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 indu

jason: this is "bloomberg businessweek." ♪ ♪ alix: welcome back to "bloomberg businessweek."on: join carol and me every day on the radio from 2:00 to 5:00 p.m. wall street time. also catch up by subscribing to our podcast at bloomberg.com. carol: you can find us online and on our mobile app. son: india is pursuing the biggest health effort in industry. trying to get coverage to 500 million of india's poorest. carol: to make this possible, the founder of the world's hospital chain will have to cull costs further and keep on cutting. >> he is a remarkable individual. of course, born in india and trained as a cardiac surgeon in london, where he noticed that they could do a lot more heart surgeries in a day at the hospital in lon do than anywhere in india. he decided i will go back to india and see if i can replicate that. once he did that, he started pushing himself a little more, various cardiac departments he was hired in india until eventually came up with this idea of what if we treat cardiac surgery like an assembly line, try to break it down into tasks and have only the mo

this is bloomberg businessweek. ♪ carol: welcome back to "bloomberg businessweek," i'm carol massar. : and i'm jason kelly. carol at me for bloomberg is as week every day on the radio from 2:00-5 p.m. wall street time. also gets up on her daily show by listening and subtract our podcast. did it at itunes, soundcloud and bloomberg.com. carol: you can find us online at businessweek.com and our mobile app. jason: india is going after the biggest public health effort in history. the prime minister aims to get basic coverage for the percent to 500 million of india's poorest. carol: an ambitious program. to make it possible, the founder of the world's biggest top -- cheapest hospital chain will have to cut costs further and then keep cutting. i talked to reporter re: allstate or. >> he's a pretty remarkable individual. he was born in india and trained as a cardiac surgeon in london. he noticed that they could do a lot more hard's -- heart surgeries in a day in london that anyone can do anywhere in india. he decided to go back to india and see if he could replicate that. once he did that at

carol: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg: businessweek."ason: join us for bloomberg businessweek everyday on the radio from 2:00 to 5:00 and p.m., catch up by listening and subscribing to our podcast. get that on itunes, soundcloud and bloomberg.com. carol: and you can find us online at businessweek.com and our mobile app. this week mercenaries, spies, , double agents and refugees are all gathering in bogota. jason: the troubles in venezuela are turning the colombian capital into something like a casablanca. carol: seemingly everyone is looking for a way to help or take advantage of the venezuelan crisis. more from ethan bronner. ethan something like 1.3 million : immigrants have moved. immigrants refugees have left venezuela. next-door neighbor. so many colombians moved to venezuela when it was in oil-rich paradise. there is a lot going on there. columbia is relatively stable, i don't want to overstate that. there are risks but -- jason: after years of being the opposite. ethan: that's right. these marxist guerrillas. farc. suddenly, you h

jason: this is "bloomberg businessweek." ♪ ♪ welcome back to "bloomberg businessweek."n kelly. carol: i am carol massar. you can also listen to us on the radio. 960 in the bay area, in london on dab digital, and through the bloomberg business app. carol: why we have smartphones and not smart guns? jason: gun makers have resisted transformations that could -- administration cut a deal with smith & wesson, one of the most historic gun makers in the united states. they said they would put in about 2% of revenue into finding out whether there was a research and development path for smart guns. the clinton administration supported this. some folks on both sides of the aisle supported this, but the nra did not. they said smith & wesson were not being loyal to their base or the nra and were siding with the clinton administration. essentially overnight, smith sent -- smith & wesson saw about 40% of their sales plummet and they ended up being sold for pennies on the dollar years later. carol: there is a study you cite, nearly half of gunowners in the u.s. would consider buying a

jason: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." carol massar. jason: i am jason kelly. for "bloombergme businessweek" everyday on the radio from 2:00 to 5:00 p.m. wall street time or our daily show by listening and subscribing to our podcast on itunes, soundcloud, and bloomberg.com. carol: or find us online. jason: india is pursuing the most ambitious public health effort in history. prime minister modi hopes to give basic coverage to 500 million of india's poorest. carol: an ambitious program, and to make all of this possible, the founder of the world's cheapest hospital chain will have to cut costs further and that keep on cutting. i talked to reporter re: allstateari. ari: the doctor is a pretty remarkable individual. born in india and trained as a cardiac surgeon in london, where he noticed that they could do a lot more heart surgeries in a day than anyone can do anywhere in india. so he decided, i would go back to india and see if i can at least replicate that. once you get that at a hospital in calcutta, he's on pushing himse

carol: this is bloomberg businessweek. ♪ 7p5óóo jason: welcome back.ill ahead, america's favorite tries its magic. jason: an economist asks gamblers how they manage risk, their lessons for everyone. carol: the legend of jacinto's goals. jason: it is an incredible story how some dominican families searching for ancestral riches that may not exist. joel weber back with us. i was blown away by this. how did it come about? us,: joan and sarah came to hey there is this amazing story -- long-lost gold and families in the dominican republic looking for it. they want you to see what you can find. this story is the culmination of that. carol: it goes on for a while. joel: it is the longest story we published, about 9000 words. it is breathtaking. while it goes on for a but they have been working on this. joel: it is chapter after chapter. what it is about is the lawyer who put himself in the middle between families who think there is gold and the banks who say -- we do not know what they are talking about. carol: i cannot wait for the movie. >> i picked up the

emily: bloomberg businessweek's max. thank you for the update. hear from the editors every saturday and sunday on bloomberg television and radio. the gender, closing stem gap. we will tell you about a company partnering with disney to promote growth stem education across the country. this is bloomberg. ♪ emily: data shows that the stem gender gap is the widest around the fourth grade. that is why they are starting at the point of what they believe is the highest leverage, tenure old girls. a pilot program will give 15,000 girls in california start of tax. an online inventor program. joining us to discuss is little bits ceo. --l us why at 10 years old why you are starting at 10 years old? boys age five gross and are almost equally interested in technology. by six girls start seeing themselves as less brilliant. by age nine the gap start showing up and the gap grows and girls dropping off in interest and in their confidence in stem. we want to start at a point of high leverage, but we want to sustain the interest in give them support so that they c

emily: matt campbell for bloomberg businessweek. out his story in this week's coming addition. you can also hear from the magazine's reporters and editors every saturday and sunday on bloomberg television and radio. this is bloomberg. expedia group is moving to simple type its ownership model and boost its value. the company agreed to buy liberty holdings. the structure has been divided between two billionaires. diller will become the largest shareholder with a 29% stake. still ahead, digital health company wants to push health tes ts into the hands of consumers. how it is competing with consumer health startups, next. this is bloomberg. ♪ emily: alphabet is making its app available on the google play store starting with the phoenix area. the company has effectively had an app for some time, it was only available for those accepted in the early rider program be a private link. now anyone can download the app. once accepted, new users will be accepted into waymo's early rider program before moving to the public service. in the last y

. ♪ ♪ carol: welcome to bloomberg businessweek. i'm carol massar.de the magazine's headquarters in new york. coming up, the crisis fiat based that it often indispensable leader in the late sergio. restaurantatali's empire survive without him? on the cover, how generations z is changing online retail

you can read all of the stories he writes and edits on bloomberg businessweek and here more every saturday bloomberg television and radio. still ahead, apple has unveiled its credit card with very little details. so, when a cardholder once customer service, who will they call? apple, goldman sachs? we will discuss, next. this is bloomberg. ♪ emily: 16 parents in the u.s. college cheating scandal, including bill mcglashan, were indicted by a federal grand jury as prosecutors aggressively pursued the biggest admission skim. managerrivate equity ma basis two charges and a new charge of money-laundering conspiracy. the parents will be required to appear in court in boston to enter replete. a plea. several other parents have pleaded guilty to similar charges. just last month, apple unveiled a sleek, titanium credit card its flashy forum. the problem is apple and goldman sachs are relative newbies to consumer credit. apple has dabbled in the consumer service, apple pay. goldman markets personal loans, but what about customer services? to discuss, i want to bring in mark gurman. you are taking a

vonnie: it is in the current addiction of bloomberg businessweek. e are many of these deals out there, so we should be on our toes in terms of following that. can watch businessweek saturday and sunday on bloomberg television and bloomberg radio as well, as well as picking up a copy on your stands. halliburton becomes the first of many big oil companies reporting this week. we examine the critical days ahead for the oil industry. right now, indices are relatively unchanged. the dow down 42 points. the s&p 500 up fractionally. this is bloomberg. ♪ ritika: let's get to the first word news this afternoon. in sri lanka, the government is blaming a local jihadist group for the series of deadly bombings. the attacks on churches and luxury hotels tilde at least 290 people and wounded hundreds more. christians and ford taurus work for targeted. authorities have arrested 24 suspects. they say there have been several mornings from intelligence agencies about impending attacks. iran is brushing off the trump administration decision to stop exempting countries f

. ♪ ♪ carol: welcome to "bloomberg businessweek." i am carol massar. jason: i am jason kelly.roduct that plans to give superhero like hearing to the masses. media,and social global anyone under 15 probably knows about it. carol:

romaine: you can read the story in the latest issue of bloomberg businessweek, and you can hear onm theine's editors saturday or sunday. coming up, european commission vice president valdis dombrovskis joins us this hour for a live interview in studio. we will talk the ecb, brexit, trade, and more. caroline: the european central bank its pledge to keep interest rates at record lows. mario draghi spoke earlier today on the balance of risks. >> the risk around the new era tintedth outlooks remain to the outside, on account of uncertainties related to geopolitical factors, the fret of protectionism, and vulnerabilities in emerging markets. caroline: the brexit battle in the background, cooling growth, and the u.s.-eu trade tensions, who better to have as a guest than valdis dombrovskis. thank you very much. how worried are you about the european slowdown? mr. dombrovskis: first of all, economy tohe eu's continue to grow. our forecast is on growth this year of 1.46%. we still expect economic growth in all 28 eu member states. there has been some slowdown and we have revised our forecast num

the editor of bloomberg businessweek joins us now. let's start with europe.t a report in the middle of the month from germany, and that was really bad. the number today was even worse. is there any floor? >> they had the terrible third-quarter, outright recession. they say, now germany will come out of it in 2019. that is still the forecast. this is certainly a bad number and a worrisome number. but i don't think overall it ends the story that germany is starting to emerge from its slump. caroline: china seems to be getting itself out of its trough and in many ways, germany is very related to china. >> germany is an export related economy. weak,l, global growth is but the thought is this might be the low point. caroline: looking at the redline, the chinese line, just starting to get higher. newloomberg economics has a data tracker. it says 2.2 percent global economic growth, and it will strengthen throughout the year. weaine: back in the u.s., got a retail sales report that at least on the surface looks kind of bad, but i've had people tell me it looks like a

it is the story featured in the latest bloomberg "businessweek." first of all, gen z.asically the mid-90's forward, the children of gen x, the people who follow millennials. we spend a lot of time worrying about millennials and how to sell to them. people forget that after boomers, we have another generation come along, and that is gen z. do they have money to spend? and how? carol: because they are different. david: using about what happened, a dot-com bubble, a great financial crisis, 9/11. there's been a lot of trauma. reporter: they were reared in the recession, so they come out fromplace different millennials. they love avocado toast, five dollar lattes. gen z comes out to be much more frugal. that is not a good thing if you are a consumer brand or retailer. carol: so what are we seeing in terms of their buying habits and shopping? reporter: they are much more frugal, and they are forcing merchants and brands to say i have a reason that you want to shop with me. in other words, they are much more value-oriented. they want companies to take positions on political i

. ♪ eó2w ♪ carol: welcome to "bloomberg businessweek." i am carol massar. n new york. carol: economists have had a hard time forecasting recessions. jason: and japan schools the world on how it a wealthy nation can maintain its superpower status. carol: and the greatest delivery

lyft traded below its price and bloomberg businessweek covered the cautionary tale for investors, looking blue apron's performance. the stock tumbled nearly 90% since its idea. joining us right now is the writer of that report and in seattle, the director of research joined just.s sarah, great piece. it reminds us of what the failings were up blue apron that now can be translated to lyft, uber and the other non-profit-making companies. sarah: what is interesting, you look at the business models and what they are doing. yes, meal kit delivery service very different from the likes of ridesharing. however, when investors thought of blue apron, it was not of a high-growth company with a lot of large growth prospects. it was a disruptor and that is really what it has in common with the likes of lyft or uber or the other names coming out. the fact that they are disruptors. they are very different. however, you look at blue apron and what happened, now down 90% since its ipo. you have to ask yourself could it be possible that some of these other companies have similar issues and cannot capitaliz

. ♪ ♪ carol: welcome to "bloomberg businessweek," i'm carol massar. jason: i jason kelly.sting recessions. plus, japan schools the world on how about the world on how a wealthy nation can maintain its superpower status. carol: and -- the international cover

. ♪ ♪ carol: welcome to "bloomberg businessweek." i'm carol massar., 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. this

i want to bring in max, our "bloomberg businessweek" editor., i have been talking earnings for a decade. i cannot remember a time when earnings came out two hours late. what do you think happened here? max: yes, i think we were thinking this would hit one hour ago. two hours question where i was looking on bloomberg. we had a list, and they were also to between 4:00 and 4:30, and this is definitely very late, but tesla is always unpredictable. emily: you are right. closer to one hour late. i want to bring in a chief investment officer. we have the numbers now. so, ivan, first of all, what is your take on the numbers, and does it bother you that they are late? from 4:00ould be right up until 5:00 or so, and usually be all over the place. there is really just an interesting dichotomy, that you really have an incredible company that makes a great car. i was just at the factory back in march and drove a model three performance, which is very impressive, and then you have the flip side of elon and his fighting with the fcc, and in the meantime, they

. ♪ carol: welcome to "bloomberg: businessweek." jason: we are here in new york.powers to the masses. jason: in the next biggest thing in social media. anyone under 15, we know you are watching, probably already knows about it. carol: and the global cover, is

i want to bring in our bloomberg businessweek editor. i have been covering earnings for a decade. can't remember a time when earnings came out two hours late. what do you think happened? max: i think we were thinking this might hit basically about an hour ago. two hours by your recollection? i was looking at the bloomberg top live blog, a list of the past times, they were between 4:30 and 4:00, this is definitely very late. tesla is always unpredictable. emily: you are right. closer to one hour late. i want to bring in the chief investment officer at tigris financial partners. we have the numbers now. what is your take on the numbers? is it all the you that they were late? , it could bees anywhere from 4:00 or on up to 5:00 or so. the numbers with tesla can usually be all over the place. there is really just an interesting dichotomy that you really have an incredible company that makes a great car. i was just at the factory back in march and drove a model 3 performance which was very impressive. you have the flip side of elon and his fighting with the sec and the hard time they ha

anna: great front cover of the latest issue of business week -- bloomberg businessweek.ichael, stay with us. michael metcalfe with us here this morning on the european market open program. let's get 18 minutes into the trading day some stock movers. let's start with lvmh on a point basis one of the biggest gainers. this is as they get clearance for their acquisition of belmond , the luxury hotel chain around the world. i'm sure matt in his days living in new york has been to the 21 club. they own that. this is one of the biggest acquisitions. rubis to the downside, down nearly 7% this morning. this is according to an email by socgen. plunging today, down more than 42%. not every day you see this. this is as they reported earnings and recorded a loss of wereillion and as clients making a lot of money, but plus500 lost -- just a terrible quarter for them. matt: i think someone pointed out it was quadra decimated today, losing 40%. by the way, i absolutely love the 21 club. i used to work at 666 fifth avenue. when i could afford it, i would save up and that i would go in an

you can tune into "bloomberg businessweek" on bloomberg radio.e, runners gear up for the 123rd boston marathon. we will talk to john hancock's ceo, the parsable sponsor for the event -- the principal sponsor for the event. this is bloomberg. ♪ ♪ david: the boston marathon, the 123rd running, one of the great classic sporting events and all of america. we are going to go now to rison, the ceo of john hancock, a long-standing sponsor of the boston marathon. explain to us the connection between john hancock and the boston marathon. guest: we have been the principal sponsor for 34 years at the boston marathon. it has been a great partnership, a great opportunity for us to raise money for charities and have a number of employees running as well. david: you've raised a good deal of money. i understand it is more than $330 million over those 34 years. where has that money gone? guest: it has gone to a number of great charities, about 150 organizations. we are on track, fingers crossed, to go over $360 million this year, so it is pretty exciting. lisa: i

businessweek," newsstands now. hear from the magazine's reporters and editors every saturday and sunday on bloomberg television andloomberg radio. this is bloomberg. ♪ vonnie: european markets -- here's a look at where they are trading now. stoxx 600 up mainly on banks. the dax in germany getting a boost from autos and auto parts makers. the cac up one third of 1%. this is bloomberg. ♪ taylor: this is the european close on "bloomberg markets." western europe leading the game. equity markets about to be closing. i want to take a look at some of the major averages we are watching. the ftse 100 is the underperformer. it is the dax and the cac 40 that are the out performers. german market up .5 percent. sinceggest percent gain wednesday, positive news in deutsche bank and unicredit giving these indices a lift and the cac 40 up for a third straight session. you have underperformance in terms of volume in the first half of the day. positive banks earning and calm in the brexit. that is look at your european markets. vonnie: now is time to get down to washington dc and the imf world bank meetings. tom keene is there. tom