peer co--- businessweek."tingwere accused of up a series of bilateral agreements among the companies bowing not to recruit from each other's forces. this would have the effect of keeping these high-level employees and place in the further effect would be to suppress the wages. if you don't have an offer from across the street, you cannot say, give me a race. click this is blatantly illegal. click david admitted that it's alegal but they agreed to settlement with the justice department that had its own investigation. >> inside competition. >> it is classic, improper antitrust behavior. that surfaced, you have the ceos of these companies kind of acknowledging, i know what we're doing isn't right so much just keep this between you and me. they were doing that in e-mail. as usual, that comes to the surface. >> anything you put in an e-mail could end up on the front page. intel ceo, hel of handshake noe a recruit between eric schmidt and myself." it is startling just how blatant it is. speaks to the unique hubris o

be sure to pick up bloomberg businessweek. what kind of ads generate sales?od morning, everyone. we are in the middle of three days of reports on the american economy. the job economy as well. look for that -- claims this morning on the jobs report. get out to betty liu because we have a special show coming up inside the power of one strategy at pepsico. what are they creating to leverage beverages and snacks? let's get to betty. >> we will have an exclusive interview with the pepsico ceo. boomer television is going inside pepsi. now inside their research and innovation center. just outside of new york city. we are going to be speaking with her about pepsi for a new generation. a new generation of snacks and food and how they leverage the two to drive growth. around me right now is all the products that they have brought from around the world. we will be testing out some of these products and i will tell you how they taste. we are going to be going inside the test kitchen at frito-lay. i went down to find out how they onto acken and waffles potato chip. it ta

. ♪ >> be sure to check out the latest edition of bloomberg businessweek. newsstands and your tablet today. you can read it on the go with our new businessweek app. welcome back. the u.s. economy shrank for the first time in three years. grows to mr. product fell at an annualized rate of one percent in the first quarter. rateell at an annualized of one percent in the first quarter. chris, an economist, joins me in the studio. the first quarter, is it temporary or structural? but prettymporary, lousy when you look at it component by component. the only sector that looks decent is consumer spending, which grew 3.1%. >> why are consumers coming to the rescue? they are opening up their wallets now? >> part of what we saw happen was a huge increase in health-care spending with the affordable care act. some of that is people who have insurance for the first time and they are getting medical services they've probably delayed for ages. ifers, though, it looks as costs have been shifted from companies to consumers, partly as a result of the law, but also companiesa

you can read it on the go with our new businessweek app. draft when he 14 kicks off tonight. here to walk us through it is joe linta, who represents 40 nfl players. he negotiated joe flacco's $120 million contract. line" and "bottom good to see you. what has your phone and like today? has your phone been glued to your hand? >> pretty much. lots of phone calls not so much for those guys that are in second or later rounds, but the media guys. it is exciting, because you are impacting these kids lives. i'm privileged to work with them. >> you mentioned those low rounds where sometimes you find a gem, like a tom brady, some folks who get overlooked. you and i were talking before about pittsburgh, and i went to school there, and the late mr. nunn was the scout for the steelers. he looked at historically black colleges and a lot of great players, namely john stallworth .or one why did the smaller schools not get the recognition that the bigger schools are getting? >> it's hard to look under every rock. we have a good network of people, but still

you can read more about colt in the latest issue of bloomberg businessweek available now.ee on your iphone, ipad, or android phone. has exposed the annual salary for its drivers and you might be shocked by how high it is. we will take a look at how the ridesharing company makes money and how drivers make money. plus, the fight over raising the minimum wage is picking up steam in one state and a major city ok's plans for an increase. we're are just getting started on this friday morning. we will be back. ♪ >> happening right now, eric shinseki is speaking today no meeting of the national coalition for homeless veterans in washington. the president will be meeting this morning at 10:15 with the secretary. the meeting will happen in the oval office, where obama will receive an update on the situation at the veterans affairs. this is been a trying last two weeks. you can watch his remarks on our live event channel right now at bloomberg.com/tv. and uber, the ridesharing service that you know and probably love, announced this week that the median salary for a new york city driv

who wrote that in-depth investigative piece in "bloomberg businessweek." what is your take on steinhafel leaving? -- i was one of four reporters that work on it for several weeks. on one level, it's a surprise. it's hard to come up with a data one, thaten a large has gone all the way up to the ceo in terms of the cost of jobs. target had already fired their chief information officer. that is a typical move to try to deflect any of the problems. you can just stop there. it seems to indicate that there may be more to come. there are a couple of investigations the results of which are not yet public. there is an investigation that target and its consultants are doing and another one is being handled by auditors who are looking to see if the security issues that target had contributed to the loss and if so, they will look to try to shift as much liability as they can to target. it could be the results of those investigations meant that the ceo had to go as well. >> this may well have been the biggest retail breach in history. what do you imagine the continued

. >> he is the director of research for bloomberg businessweek. let's move from odds to horse sales. kentucky's keyland association says five of the 10 three-year old agger injured in the million 3-year-olds are graduates of his 2012 yearling sale. joining me from lexington kentucky is jeffrey russell, keeneland's director of sales. tell us about the horses running tomorrow. talk about their value. >> none of them are gray so no one is betting on any of those. so there. tomorrow we have five of the 10 courses ranging everywhere from $25,000 all the way up to $310,000. so far pretty much all of the graduates have partly returned their purchase price already. they go into the race a step ahead. >> does the winning horse, the value change over how many wins ? what affects the price? >> these were all sold as yearlings. they were one year. they put it into the context of trying to pick in nba star out of high school. it is a difficult thing to do. to find out which ones will run in the best races. the best races for a three-year-old are the triple cro

later, our spotlight on magazines features paul barrett of "bloomberg businessweek." journal" is live every day at 7:00 a.m. eastern. today, neurosurgeon and author ben carson space at the ub.ional press club to rid live coverage at 1:00 p.m. eastern on c-span2. the problem now is future peace. that is your job in germany. by your conduct and attitude while on guard inside germany, you can lay the groundwork of a piece that can last forever, or just the opposite. or just the opposite, you could lay the groundwork for a new war to come. so other soldiers, your sons, might have to do it again another 20-odd years from now. germany today appears to be beaten. hitler, out. swastikas gone. propaganda off the air. concentration camps empty. ruins, you will see flowers three you will see some mighty pretty scenery. don't let it full you. you are in enemy country. , suspicious of everyone. take no chances. you are up against something more than tourist scenery, you are up against german history. it is not good. >> in the first of a five part look at hollywood directors who ma

they are featured in "bloomberg businessweek," on newsstands now. philip joins me now.nk you for being here. a bed doesn't seem that complicated to buy one. you can get them in a lot of different stores. what problem were you trying to solve? >> the problems those stores play when selling to consumers. there is a lot of games in the industry. the consumer is the one that is taken advantage of. by going to consumers and selling beds for our website, we are able to cut out the middleman and avoid the games retailers play. >> when you first heard of this but did you think? you can buy a temper. he. there are these known brands out there. do you think there is room for an upstart? >> everyone hates shopping for a mattress. it is a make sense to anyone. you have the salesman who say, you've spent $2000 and you don't even know if you liked it. when we heard about this retailer, it sounded cool. it is online. they use all american products. it seemed like a better way. >> described the mattress itself. >> the mattress is outrageously comfortable. we created a bed unlike anythi

see the latest issue of "bloomberg businessweek," download the bloomberg businessweek plus app free ondandroid the opening bell on this thursday is next. ♪ >> welcome back. you are "in the loop." i am betty liu. it is 26 past the hour, so that means bloomberg is "on the markets." argus reporter alix steel has futures. ready for the open, alix. reading for the quarter, contracted for the first time in three years. it declined more than expected by 1%. inventory growth on the flip side, that was pretty much telegraph. we knew it was going to be bad. we also have earnings from some retailers like abercrombie & fitch. keep in mind pending home sales for april coming out at 10:00 a.m. it should be a market mover as well. on the treasury market have i want to point out we continue to see these long-term data deals continue to slide down, so investors rotating into longer terms and treasuries. also part of that is a sovereign european bonds rose across europe as well as german unemployment actually rose, so that is affecting the treasury market, betty. >> alix, thank you. bloomberg is back "o

an article on a website of businessweek magazine claims some web users are trying to identify these women. and it has been started to expose women who have appeared online without their hijab. hundreds of people took part in test saying the women should be arrested. those online and on the street , continues and have the support 378,000 web users from all over the world. reconstruction of historic brazil has been temporarily halted by protesters who oppose an ongoing initiative to reshape the city. the news has been greeted with relief on social media where activists have been campaigning for some months. opponents of the real estate development project, which would see the landmarks hold down, have been coordinating online. locals have been posting under hashtags tolita urge authorities to protect the city's heritage. be mayor has garnered 12,000 signatures. the documents announces the real estate project describing it as an ecological aberration and calls for it be stopped immediately. although many have taken to the web to voice our petition, protesters have also taken to the streets t

this week's piece comes from bloomberg businessweek.hy gm keeps swerving from apology to aggression in recall crisis. thathas the headline on story and joins us now from new york. general motors is currently on recall number 30 at this point. the ignition switch recall is the one you focus on in your piece. about us what that was and how my cars were impacted here. we are talking so far about something in the neighborhood of 2 million cars that have been recalled in connection with the ignition switches. the problem is, with the ignition switch, gm has found that under certain conditions, the ignition and turned the power in the car off avid striving. you can be driving down the highway at 60 miles an hour and then find that your power is cut off and that is a situation that is potentially very dangerous. these ignition switch failures have been linked to several dozen crashes and at least 13 deaths. at the core of gm's problem. it's far from the entire problem . gm is already announced the recall of some 14 million cars. bloomberg news

a look at your extended forecast here with the businessweek in- store only subtle changes expected for the next few days as we get into your we can now mother's day weekend looking nice. widespread 80s in the forecast for our inland cities, 70s around the bay. >>> and if you're hoping to get a look inside the new 40 niners stadium you'll have to wait until game day. >>> candlesticks farewell concert catches fire. why snoozers are losers today when paul mccartney tickets went on sale ♪ they just change boots.. that's why we made the all-new jeep cherokee. with an exclusive 9-speed transmission and 31 miles per gallon highway. so you can keep going. female narrator: the mattress price wars are on the mattress price wars are on at sleep train. we challenged the manufacturers to offer even lower prices. now it's posturepedic versus beautyrest with big savings of up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. plus, free same-day delivery, set-up, and removal of your old set. when brands compete, you save. mattress price wars are on

the new story is featured in the bloomberg businessweek. , noahre the cofounders bernamoff and matt kliegmandid you decide that the bagel was the new food craze? >> we reported and found that other people had decided. it is because people are lining up for an hour outside their bagel store. bagel,s a special hybrid montrÉal and new york together, and it is the latest food craze. >> hybrid hagel. -- bagel. what makes you think that a bagel that has components from montrÉal is something that people want? >> i think that the new york bagel is very special come a little bit. montrÉal bagels have not evolved very much in a kind of delicious way. they're baked in a wood burning oven, and anything with wood makes things taste better. all are smaller, we have unfortunately the victim to an y bagel., very dough with ay are boiled little bit of honey in the water, which adds a little bit of sweetness. about how young have not really involved. your keeping an old world tradition alive. what are the steps to making a great bagel? >> you start by making a great dough, and that is made with old so you hav

. >> i love your articles in "bloomberg businessweek."e stuff under the service we should all be talking about and you've got something coming up in telecom? >> yes, there has been a rash of arguments over what the regulation should look like in the u.s. we had the at&t merger pending and the fcc decision on net neutrality. i have been covering telecoms for five years. my editors are finally letting me compile a list of lies the telecoms tell you every time one of these things,. everybody, regulators and customers. they always say we are worried if you passes regulation about regulatory uncertainty. what that means is we are certain that we will sue the fcc to get the -- if this regulation is passed or if they say we are worried about infrastructure investment which means they are holding their own infrastructure investment hostage. if you don't give us this regulation, we will not roll out more fiber to our people. i've got a long list, glossary of how to listen to speeches by telecom operators. >> the whole thing is changing like with a

printing greeley wrote about it in this week's cover story for "businessweek." think of who is winning the sponsorship race depending on who is sponsoring what team. it is a draw between adidas and nike this year. >> it is. nike has been working hard to catch up. one thing that has been happening the last 20 years, their intrigue to the market has driven up the price of sponsoring the top 10 teams. if you look at the difference in 1994 between sponsorship for the top 10 in the bottom 22 in the world cup, he looked about like this. years, the top teams have gone like this and the lord teams have gone like this. very smaller balanced. france, for example, did not perform well in the 2010 world cup at all. her contract was up for were no. paid moreit and than ever before for mediocre team, but it is a large market and contracts for soccer jerseys are just not to be had now. >> that is lopsided, the economics. the adidas ceo spoke earlier this morning on the growing competition from nike. of 20s is a time period years and they are heavily investing in 20 years becau

get the latest issue of "bloomberg businessweek."shaking this hour -- casino magnet sheldon adelson, the billionaire founder of las vegas sands knows he has to offer more than gambling to draw in customers to his hotels. it's one of the topics we talked about earlier this week. i look at las vegas. this is my first time here. >> is the capital of adult entertainment. >> that's right, there are shows and restaurants and there is all sorts of forms of entertainment, the big ferris wheel that i see on the skyline. >> i don't think the ferris wheel is going to do very much. there are ferris wheels all over the world. >> have you been on it? >> no,. >> do you plan on going on at? >> no. >> we have the singapore flyer next or property in singapore. it's for kids. the kids like to go around the ferris wheel. when i was a kid, i love the ferris deal. i am still a kid but a little bit older. >> when i'm driving, there seems there is a need among casino operators to diversify and try to get people into their resorts. >> they never did that unt

she is featured in the bloomberg businessweek issue dealing with success.oining me to discuss, felix gillette. he wrote a story about how she successfully quit her job. good to see you. what do you think when he gets an assignment like this? >> i think this is sort of a thing that a lot of people can relate to. this fantasy of not just quitting, but quitting in spectacular fashion that the whole world takes notice. you go out righteously and people say you know what, your employer was wrong. that is a hard thing to pull off. liz did it well. >> is it likely she's going to get another job in the media? >> i think so. we caught up with her after she did it. we were curious what it has been like. are other employers interested? she said basically she has had a bunch of job interviews. she has a bunch of public speaking requests. people now know who she is. i don't think anyone has heard of her before. we are interested. suddenly, this network that no one pays much attention to in the united states, suddenly people were watching. what better opportunity to say

. ♪ >> be sure to check out the latest edition of bloomberg businessweek. hits newsstands today.ime for today's latin america report. panama's presidential contenders are winding down their campaigns ahead of the may 4 election. looming over the boat, strike by construction workers has paralyzed the expansion of the panama canal. voters saying inflation is their top concern. construction workers walked off the job april when he fifth in an effort to win 35% salary increases. the move threatens to further delay the canals expansion. it will accommodate ships that are 25% longer and more than a third wider than the biggest ships that can use the canal today. the most expensive ingredient in a margaret is not the tequila, but the lines. cost tripled in the past month. before cinco de mayo. lime places are searching with growers in mexico banding together to set prices after a crop disease ravaged trees. that is your latin america report. now a bloomberg exclusive. merck and makers anchor stephanie ruhle sat down with steve wynn for an extensive interview. they discuss how lost i gue

check out the latest edition of bloomberg "businessweek."at stuff out on the sidewalk, and how ignoble has figured out what to do with your computer garbage. out on newsstands tomorrow. bloomberg "businessweek." >> this is bloomberg "surveillance." i am scarlet fu with tom keene and adam johnson. company news now -- talk of war consolidation in the pay television industry. at&t is in talks to buy directv. shares of directv are up 43% in the last year, and the company $3.5 market value of billion. rising competition in the u.s. -- toyota expecting weaker sales in japan because of an increase in net sales tax. united parcel service may decide the new fedex pricing rules are too big to pass up. charging for packages by size, not just wait. a note from bb&t says a promise of 300 $50 million in after revenue could be compelling enough for ups to do the same. they are continually reviewing its policies. that is company news. >> they have a strategy. open.keeping their mind >> if you are not to continuing to review your policy, you have problems. i

thanks to eric chemi of bloomberg businessweek. coming up, are outsiders muffling in on investments usually targeted by venture capital? we will look at the appetite for initial public offerings. ♪ >> this is "taking stock." i'm pimm fox. there have been a number of technology public offerings this year. many companies are seeing their share prices fall after the first day of trading. let's get details about the market and investor appetite for ipo's. leslie joins us with the managing director. leslie, great to have you here. give us details of what you are learning at this conference. >> as you mentioned, there is a bank of america maryland private conference. these conferences are taking place of the potential ceo's can get a better sense of what the process is like to go public. i'm here with mitch, a venture capitalist. the focus is on software companies. for your portfolio company, what types of things do you advise them on in the process of going public? what are the key things they need to know before they again this process

. ♪ >> be sure to check out the latest edition of bloomberg "businessweek."ue features cristiano rearinaldo. according to the white house, by the age of 65 the average woman would have lost 435 thousand dollars over her working lifetime because of the pay gap between men and women. joining me with more on building a global strong -- stronger economy, carly the arena and opportunity international the key eschar up. welcome. thank you for coming on. when you hear those numbers, what do you think? >> i think first of all, any country any community, that does not fully utilize the resources that women represent are hurting themselves. women are half the nation, half the world. clear, whenreally women are fully engaged, women get better. it is in people's self-interest to leverage the skills and talents that women bring and to value what they bring. >> why are we still having this conversation in 2014. lex good to be with you again. the reason we continue to have this conversation is when you look at the statistics, only three percent of women are ceos in the u.s.

. ♪ x be sure to check out the late -- >> be sure to check out the latest of bloomberg businessweek. the stands and tablets today. spotifyreaming service has announced it has reached 10 million subscribers. the country was founded in 2006 at a time when the music industry was still adjusting to the advent of itunes. charlie rose spoke with its founder, 31-year-old daniel at. think prettyme, i much every single person told me that getting into the music industry was the purse -- worst possible thing i could do. this was an industry that was a $45 billion industry. and now it is probably about $15 billion. it is one third of the size it was a decade ago. obviously, if you are in it for the money, it's not the right thing to be going into. for me, it's just all passionate about music and technology and trying to marry both of them. >> before we ask you about spotify as regards to music, let's ask the question -- what the spotify do? >> it takes all of the world's music and makes it accessible anywhere, anyplace, on any device. was,roblem we try to solve prettyspotify, it was clear that

bloomberg "businessweek" is out now. let's move on from pigs to these -- bees.tment of agriculture did a survey of the bee industry. bee deaths have dropped, but they are still bad enough to drive the keepers out of business. more, i'm joined by alan bjerga. give us details. what is going on with the bee population? >> you had elevated levels going back the last decade when beekeepers started seeing a disorder when bees will just fly from their hives and never come back. they seem to get disoriented and died. it doubled the death rate in bees, and it has stayed that way since then. we have seen a little push back, but one of the challenges with the survey is that it is voluntary, so you may get a different sample response every year, which means we will have to watch the trend for a few years to see if there really has been a structural change in bee mortality. >> bees do more than just make honey. they are crucial to the agricultural chain. tell us. >> they pollinate about $15 billion worth of crops, everything from apricots and almonds to zucchini, a lot of th

read more about shaquille o'neal and shaq-onomics in the current issue of "bloomberg businessweek."up, technology that is helping people walk again. i will introduce you to the ekso bionic suit. and nasa has chosen its next-generation z-2 spacesuit design. the public voted and the uniform is cool technology, a gray uniform with glowing patches of turquoise. the z-2 is the first suit to be tested in a full vacuum, and 3-d hardware will be used to develop parts. the suit will be built in november. put your orders in now. this is "taking stock" on bloomberg. ♪ >> there are approximately 7 million stroke survivors in the united states. there are approximately 1.2 million spinal cord injury survivors. often these patients need help learning how to be mobile or walk again. new technology is making that possible. in 2005, nathan harding founded ekso bionics that mixed the wearable suit. -- that makes the wearable suit. nathan joins me now. nathan, i saw the video of the ekso, and i'm seeing the real thing. i have to begin by putting it to you, this is like the bionic world come to life, is

to see the latest issue, download the "long -- "bloomberg businessweek" plus app. ♪ all right.i. we have been reporting on the breaking news out about yum! brands ceo david novak and his and the top about ceo now being elevated to the entire group at yum! brands. as you know, pepsico and yum! brands have had a long history together and in fact yum! at one point was in the pepsico fold before they spawn or thought of that company. olivia sterns, i know you are back in new york. i want to bring you back as well into the conversation. i then mentioned, there has been a long relationship between the two and in fact, last year, taco bell, one of the big food service accounts at pepsico that work with them with the power of one that a.j. and lots of it doritos locos which has been a $1 billion seller for d no surprise he has been elevated to the position. takewould love to get your on the extraordinary flavors you have been sampling. but one thing i want to know about is obviously pepsico has been under pressure tom a particularly from tree on management, nelson peltz, who has been c

housethe white correspondent for bloomberg t.v., bloomberg news, and bloomberg businessweek. political junkies who watch "morning joe" or political capital will recognize her and her analysis of the inner workings of the obama white house. she has just returned from ukraine where she was with vice president biden's entourage. she was with jeff goldberg who talked to us about his trip. to ukraine this morning perhaps we can ask her about that as well. please join me in welcoming laura meckler and and julianna goldberg. [applause] i'm going to dive right in with a couple of my own questions. please think of your own. i have colleagues who will be giving you cards. if you have a card, hold them up. we want to take as many questions as possible. 50 years after the passage of the civil rights act, it is hard to imagine congress reaching consensus on something as profound as that was. the functioning political process, a functioning democratic process, and the give and take that is an essential part of a pluralistic society seems to have totally evaporated. the public has had enoug

bloomberg businessweek reports the firm's retreat is highly unusual and possibly unprecedented.it could be linked to patton boggs current effort to merge with a larger firm amidst a series of financial woes. has arrested an fbi agent on charges of trying to bring weapons onto a civilian passenger plane. joel cox reportedly tried to board a flight carrying bullets and a knife in his luggage. revived memories of raymond davis, the cia agent who shot dead two people in pakistan in 2011. davis was released after compensation was paid to the victims families. those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. >> i'm juan gonzalez. welcome to our viewers and listeners around the country and world. even committee on torture question the vatican this week over its handling of sexual abuse inside catholic church. the hearing came just four months after under the human body, the committee on rights of child, accused the vatican of systematically turning a blind eye to decades of abuse in attempting to cover up sex crimes.

. >> the state's recent sprint to the right started with sam brownback, a man bloomberg businessweek as having been a tea party before the tea party was born. he was elected governor in a landslide, 2010 after 15 years in congress. when he took office in to 11 governor brownback said about turning his home state into a laboratory of ultra conservative policies. >> specifically what do you want to do on state income tax. >> get it to zero. the whole thing. >> his road map for kansas was not built on broad bipartisan consensus, in fact, it wasn't even built on republican consensus. >> there aren't many moderates left serving in the legislature because of the attempts to defeat them by conservatives. >> he saw a group of modal republican state senators as roadblocks so in 2012 he got involved in their primaries. >> the governor recruited republicans to run against his own party's incumbents and with the help of americans for prosperity and the kansas chamber successfully ousted most of those moderate republican senators. >> with the moderate majority defeated in the state senate the gra

later, paul barrett of "bloomberg businessweek" on his recent article of how gm keeps swerving, as he puts it, from apology to aggression in the recall crisis. live at 7:00 a.m. eastern. andednesday, neurosurgeon author dr. ben carson speaks with the national press club. the former director of pediatric surgery at john hopkins university will discuss his new book "one nation." live coverage at 1:00 p.m. eastern on c-span 2. >> the problem now is future pace. that is your job in germany. by your conduct and attitude while in germany, you can leave a -- lay the groundwork of a key that can last forever, or just the opposite, the groundwork of a new war to come. just as american soldiers had to do the job 26 years ago, so could other american soldiers, your son, have to do it again another 20-odd years from now. germany today appears to be beaten. hitler, out. swastikas, gone. nazi propaganda, off the air. camps, empty.n you will see ruins. you will see flowers. you will see some mighty pretty scenery. do not let it for you. you are in enemy country. be alert, suspicious of everyone. tak

rob gloster covers sports for bloomberg businessweek and joins me from san jose.ke with him a short time ago. picture question. a lot of nba owners are very happy, but what in this day and age makes a team worth $2 billion? >> well, hari it's clearly tv rights. every major sports team and sports league now, is getting tremendous amounts of money from national and local and regional tv contracts and, in the case of the clippers not only is the nba going to be renegotiating its national tv contracts in 2016 but the clippers will have a new regional contract then. so they can ask for a tremendous amount of money and the second biggest market in the united states they're probably going to get it. >> sreenivasan: i'm not a huge nba fan but this is the clippers. something i've heard throughout the day, they don't have an m.v.p. or a championship. it was written when the l.a. clippers step out on the field in dodgers stadium they get booed they're not even the favorite team in their own hometown. how that is this valuation increased in the past couple of years? >> they'r

bloomberg, to read businessweek cover story, it is online at businessweek.com.on newsstands tomorrow. up, the serious business of comedy television. i will talk to the creators and writers to see what it takes to keep the laughs coming and how you attract young male viewers. it is so hard to make it in the honey, but the tide to be changing. fewer bees are dying. ♪ >> one company we are watching is walmart. they posted a five percent drop in quarterly earnings. afterrt's results come lowervernment reported results. same story you hear. the consumer is struggling and so are retailers. my next guest studies shopping habits. great to see you again. theanything changed with consumer in the last six months? >> everyone suffered a tough winter. retail uses the weather as the dog ate my homework excuse. case, they are sort of a loud. if you set -- sort of allowed. was a stepped outside, it legitimate excuse this winter. retailers should have planned ahead. i am cutting them some slack at the moment. problem. was one the other seems to be that with technology, things ar

. >> it's a great story in the telegraph picking up on a bloomberg businessweek story written on mayhow led zeppelin may face a challenge on their most iconic song "stairway to heaven." a group called spirit toured with them in the 1960's and a guitarist should be given written credit, so says his family, on the 1971 track. it has a very strong resemblance to the 1968 song "tourist." >> kinder, call maine, smiling again. -- calmer. the recovery in the economy is making us all feel better. is how we are feeling now. we are not rushing out to pop the champagne. better aboutg getting your finances in order. "countdown" continues in the next hour. when we come back, how christopher bailey is doing. stay with us on "countdown." 6:56 a.m. in london. ♪ >> first credit suisse, now the np. -- bnp. reporty's first earnings on the christopher bailey, the luxury labels latest numbers are breaking now. germany's central bank sends a warning. the bank sees risks. alcatel lucent looking for tel aviv for its latest research center. >> israel because it is the innovation country and we are the innova

here to break it down is bloomberg businessweek's respondent and the division chair and rector of thegram at a university. who is really willing to pony up the amount of money they are talking about? it is north of $500 million. donald, would he sell? >> i think his decision to sell will be a legal one. there are two aspects to it. >> his decision to sell will be a legal one. he will be forced to. >> he will have no sponsors. he will have no coach. >> everybody has been pulling out. >> we saw that with sponsors and ticket races. what happens if they try to get a tv deal on a local network? there's revenue-sharing, but no one will come. what happens to venues -- vendors? >> he may not have a choice. >> there may be economic pressure. >> he bought this team for -- >> less than $20 million. >> $12 million in 1989. he should be incentivized to sell the stop >> one of the big issues is the tv rights deals. that expires in two years. it is way undervalued. they are only getting $20 million. the lakers get $180 million in the same market. they are more popular and they have higher ratings, b

that is the cover story of bloomberg businessweek. it will be on newsstands tomorrow.author of that article. nick summers -- first, tell us, how does ibm want to re-create itself? >> they get that the cloud is a big deal. it is as significant a turnaround for them as they have faced in decades past with mainframes and servers and computer revolutions. ceo gets that this is a significant poitn for them. can they pull it off? this is a challenge they have never faced before. >> they have faced many challenges, in fact. what is the deal between them and the cia? >> this is where the story began. there was a telling episode where amazon came up with a public cloud. they faced off for this contract for cia. the cia awarded this big contract to amazon. that is the big shot for ibm. >> a wake-up call. >> this is the cia. they won a public cloud within their own walls. this is a job with the highest technical demand, biggest security demand. there was a legal tussle over the award. the legal guys looked at this and said there is -- no chance for ibm to win this thing. >> they

>> businessweek quoted steve wynn saying he pays his djs up to $400,000 a night.me of the residencies, they play twice a month. over the year you were talking about $10 million just for their vegas residency. that is not the only thing aoki has going on. he has the ibiza residency. madison square garden, as you .entioned in your introduction this is not a person and the twilight of their career trying to stop out madison square garden. aoki has a fashion line, a record label, headphones. he is making a collection of eye gear, sunglasses. >> he is a brand in and of itself -- in and of himself. son of the benihana founder. >> he spoke about how his father's marketing aggressiveness influenced his brand. >> thank you so much, cristina alesci. when domino's would deliver pizza in 30 minutes or less? there is a company that will deliver alcohol in 40 minutes or less. thethe car that starred in 1960's will have its final days in italy. stay "in the loop." ♪ >> it is called the uber of alcohol. the app just got 2.5 million dollars in funding and has investors like social

you can read the story online at bloomberg businessweek or businessweek.com.wsstands tomorrow. ♪ >> welcome back to "the pulse." .ive from london let's check on the currency markets. series of low pieces of gdp data from countries within the euro zone. most have come in below estimates. france missing, italy missing. comments from vice president of the ecb also pushing the euro lower today, as he said policymakers are prepared to add further monetary stimulus if needed. ecb leads to next month's meeting, when they are expected to add additional stimulus to the economy. what types of stimulus? the euro down to its lowest level in 11 weeks against the dollar. >> let's get to david tweed. he joins us live from the adidas headquarters in bavaria. you have a special guest forest -- for us. >> i do. i have the chief executive officer of adidas, herbert hainer. we have the world cup just beginning on june 12. what i am interested in is the last line you had in one of your press releases for the first quarter results, get ready because we are about to unleash the most

. >> there you are, the cover story of the new issue of "bloomberg businessweek" available on bloomberg.comhor of the story joins us now. how important is world cup to adidas? ,learly nike has so many brands so many units. the adidas? has a lot of different brands. the only thing that holds it together as a company is soccer. >> and the ceo loves soccer. >> they all love soccer. it is still a very german company. they are based in germany. so they have a deep emotional attachment to soccer, but they also have a clear financial attachment which means adidas makes more of its sales in western europe where soccer is the only sport that matters. whereas nike still has the base in the u.s. where they can sell a lot of different sports. the easier way to put it is adidas needs soccer but nike just wanted. >> they all put the money and i'm the world cup is over, how do we evaluate who spend too much and who lost out? >> if brazil wins, a clear win for nike and it may override all the money adidas put into sponsoring the world cup. adidas has been the official sponsor since 1970. it used to be an i

cover of businessweek. you want to catch it. >> welcome back to market makers.e ruhle. >> and i am matt miller. i was waiting for the prompt her to roll to remind me who i was. who.n burgundy, that's >> few families in america are as controversial as charles and david cook. ch.y are each worth -- ko they are each worth more than $50 billion. they have spent a huge chunk of that aruba last -- over the last few years on campaigns. make that ant to issue. >> the koch brothers. the koch brothers. the koch brothers wanted to bait? it is here. we have done it. -- the koch brothers are spending hundreds of millions of dollars telling obamacare is bad for them. these two brothers are trying to buy america. >> wow. there is a lot you may not know about this family including the fact that there are actually four koch brothers. the senior editor at mother jones is the author of a new biography, sons of wichita, how the koch brothers became america's most powerful and private dynasty. he joins us now. the first thing i thought about when i saw your book was it must have bee

he has worked at businessweek and politico, appeared as an analyst on all the major broadcast networks, and if you watch "washington week," you'll will often see him on the panel. he is the author of a book you might want to pick up. so i will turn things over to you. thank you, and thank you to our panel. >> thank you very much, and thank you very much for the plug for the book. this is a fascinating time to have this conversation. i want to introduce the panel. we will have plenty of time for questions. i hope that your questions will be more insightful than mine. i want to get to that as quickly as we can. starting here, you all know tom. thank you for being here. we also have jay timmons, deborah wince-smith, nancy mclernon. thank you all for being here. let me start out with a statistic that i read last week that i thought was fascinating. so much of this conversation focuses on big businesses and what their needs are. that is important, but this is also a conversation about american jobs and the overall economy. the s&p did a study by their chief economist last week and said that

we want to draw your attention to "bloomberg businessweek," incalculable hubris, or as tom says, siliconlley plays by its own rulebook. you can read it on the app. ♪ >> good morning, everyone. "bloomberg surveillance." so much going on. stay with us. i am tom keene with scarlet fu and adam johnson. let's get to top headlines. g aukraine is defyin warning from vladimir putin. they are trying to take a city from row russian militants, who had warned ukraine to push back from its eastern region. in other words, president putin of russia tell ukrainian force s to pull back in ukraine. the practices at of companies such as google and facebook. some in silicon valley are skeptical and say it is an attempt by the government to regulate how they can profit from the data. and we have to tell you you what is happening in seoul, south korea. a collision on the city's busiest subway line. a trained traveling east is minded to a train parked in the station. at least 172 were injured. because after the deadly ferry accident. it leaves questions about the safety of south korean transportation. >> lots

host: paul barrett is is the assistant managing editor and nior editor at "blurring businessweek." guest: my pleasure, thanks. host: and that will do it to today's "washington journal." we'll take you live to west point where president obama is scheduled to give the commencement address there. -- on ee you tomorrow at "washington journal" at 7:00 a.m. eastern/4:00 a.m. pacific. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> here on c-span we are live at west point for the graduation, the class of 2014 of the u.s. military academy. president obama expected to arrive shortly. we saw the arrival of the army secretary mchugh just a few moments ago. so things should get under way shortly. the president using this commencement address to outline a broader foreign policy, foreign policy magazine says that president obama will use the commencement to launch a new offensive saying this high-profile speech at west point is designed to show it has plans in place to deal with the islamist militants in africa, syria. >> ladies

he has worked at businessweek and politico, appeared as an analyst on all the major broadcast networks, and if you watch "washington week," you'll will often see him on the panel. he is the author of a book you might want to pick up. so i will turn things over to you. thank you, and thank you to our panel. much, andou very thank you very much for the plug for the book. this is a fascinating time to have this conversation. i want to introduce the panel. time forave plenty of questions. i hope that your questions will be more insightful than mine. i want to get to that as quickly as we can. starting here, you all know tom. thank you for being here. we also have jay timmons. smith.h wince- nancy mclernon. thank you all for being here. let me start out with a statistic that i read last week that i thought was fascinating. so much of this conversation focuses on big businesses and what their needs are. that is important, but this is also a conversation about american jobs and the overall economy. the s&p did a study by their andf economist last week said that there estimates show that inves