in london and through their bloomberg businessweek you at. -- bloomberg businessweek app.: a controversial weapon. jason: but the concept is pretty cool. sky vacuum to capture carbon from the air. here's peter coy with his story on this issue's tech session. peter: climate change is an economic issue. how do you solve this problem? there are obvious things you do. build more windmills and solar plants. but the people who believe you can capture carbon directly from the air, that has to be part of the solution. jason: how does this work? peter: carbon dioxide is an acid, and chemical terms, but binds with bases. if you have a chemical and you run air through big fans, then it bidns with this chemical, forms a salt, and then you put the salt through another loop of the equation of the plant, and then you get a different salt, and then you can run that through a heater, and that splits off the carbon dioxide into a pure stream of carbon dioxide, and then you send back a line that gets hydrated and putback into the process. carol: this is the periodic table at work. it really

week, happy 90th, businessweek. we celebrate without the magazine covered business through the decade. jason: in the headlines, owing -- boeing halting production of the 737 max that has been grounded for many months. we look at what went wrong. carol: plus, we have more from the bloomberg 50. our exclusive interview with beyond meat founder, ethan brown. jason: first up, the top political story, impeachment. carol: congress will ring in the new year with partisanship and bitter division. sounds familiar. this time, it is in the form of the senate impeachment trial of president trump. let's get to a reporter josh green with more on that. the impeachment trial a big story this week. you have a fascinating story that talks about how, with everything going on in terms of impeachment, this could benefit joe biden. josh: yeah, it does. as we look ahead to january and the beginning of the 2020 election voting, one of the big questions everybody in washington has is what affect is impeachment going to have on the democrati

carol: businessweek turns 90. jason: women on wall street.e too and why many financial firms still don't get it. carol: climate change helped fuel the uprising that sent millions marching into the streets of chile. jason: all that to come. but here's editor joel weber. joel: we put together a holiday cover for you. jason: what a year. joel: this is one of the biggest stories of the year. and it started with we work, even pre-ipo chatter. as that coverage developed and went on and on, there was another story we started to think about, which was softbank, one of the biggest investors and -- in wework. carol: softbank, we did talk about it so much. what i love is that you guys go into the layers of softbank division fund. obviously the leader of it all, but also other players. joel: the visionary at softbank, especially at division fund, this outside force in silicon valley, $100 billion vc fund that can do a lot of work because it has so much money. one of the ways it can do that is go into we work and bankroll we work, a business model that ma

. >> this week, businessweek turns 90. look at how the magazine has covered business through the decade. >> including women on wall street. and why many too, firms still don't get it. >> uprising sending millions into the streets of chile. >> all that, for step here is joel weber. >> we put together a holiday cover for you. >> quite a cover there. what a year. >> we think this is one of the biggest stories of the year. it started with -- the magazine covered it very early on when there was going to be an ipo. as that coverage developed and went on, there was another story we started to think about which was one of the biggest investors. >> i do love the cover. seasons greetings. we did talk about it so much this year, what i love about this is i feel that you guys go into the layers of division funds. obviously, there are other players. ismoffett being the guy who really the visionary at softbank. whocially the vision fund is now in silicon valley a hundred million dollar vc fund that can do a lot of things. one of the way

this is bloomberg businessweek. >> welcome back to bloomberg businessweek. >> joined bloomberg businessweek week on the radio. you can listen to our podcast at apple podcast and bloomberg.com. to technology. a former google engineer and international waters expert is negotiating with officials to put as many city states in their countries. this is a real thing. >> it is a real thing. >> have you heard of the sea studying, this case in silicon valley libertarian circles that you would build these little floating fortresses just far enough offshore that they would not be subject to u.s. law. >> tax havens. is that what this is about? >> that is one part of it, but to hear them tell it, that is not the biggest part of what they are after. who cofounded the sea studying institute more than a decade ago with money from thiel. >> silicon valley guy who is also president with president trump. -- friendly with president trump. >> thiel. >> this was a while before he torched that relationship. the idea behind this institute was that they would build the economic and legal framework to set up these i

join bloomberg businessweek on the radio.lso catch up by listening to our podcast at apple podcast, wherever you find your podcasts. jason: you can also find us on businessweek.com. carol: as far as human rights and the environment are concerned, smartphones are a nightmare. jason: not to mention difficult to repair and recycle. i'm scared of opening that up, that is unless you're a company in amsterdam that figured out how to fix that with the fair phone. carol: checking that out is stephan in berlin. stefan: it is the sustainable answer to all the other smartphones out there. smartphones in general are pretty bad when it comes to sustainability. they are built in questionable environments, using metals and minerals mined in war zones, and it's basically impossible to recycle them or repair them, meaning they'll often get tossed. that's not a good thing. carol: i'm thinking in this moment and movement, where folks are looking for greener solutions to everything, i'm curious why this hasn't happened sooner or taken off more.

this is bloomberg businessweek. ♪ carol: welcome back to bloomberg businessweek. i am carol massar.i'm jason kelly. you can listen to us on the radio. real estate arms race of sorts is heating up between two suburbs in new york city. we are talking about new rochelle and yuppies. carol: they are trying tocarol: lure affluent seven nights were tired of being poor in the big apple. >> they are not very cool but they are in an arms race competing for new millennials and younger professionals who are looking around and finding they can't afford to live in places like manhattan and brooklyn and jersey city and have broken anymore. what they're doing is spearheading a number of new developments. unitsng thousands of new in the de-risk i was buildings and helping people start to move and start new units building a family in new rochelle. real estate and the amenities, is there hatchet throwing? are they pulling out all stops? they're trying to do things that appeal to younger generation. >> both cities are opening or would like to open asked throwing bars. axe is something -- throwing bars

this is the type of peace businessweek does well.s something many of us take for granted, in this case something in all of our kitchens, we're talking about vanilla. it goes deep and it explains the wild market economics. carol: it required a wild trip to get this done. here's the adventure in madagascar. >> this is a regional market, a place where vanilla enters the international marketplace. and it's really remote, really hard to get to. it's basically a hut, a wooden hut in a really small village in northeastern madagascar. and just to give you an idea of how tough it is to get there, you fly to the capital, you take a small plane to a small airport in the northeast. then you have to drive over really bad roads to get to this particular market area. when we did that, our driver couldn't go any further because the road was swallowed by a river. we had to wade across the river and walk for a couple hours beyond that to reach this little hut in a village where dozens of farmers would bring their annual harvest of vanilla. that's wher

this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." jason kelly. carol: and i'm carol massar. you can also listen to us on the radio on siriux xm, channel 119. and on a.m. 1130 in new york, 106.1 in boston, 99.1 f.m. in washington, d.c. jason: a.m. 960 in the bay area. in london on dab digital, and through the bloomberg business app. it is not your grandfather's or your father's wall street. charles schwab agreed to by td ameritrade for $26 billion. it is a deal that will reshape the brokerage business. carol: it is a big one. and that is not the only move. td ameritrade and some wall street firms, they are looking into sports gambling as legalization spreads. let's get more from annie massa. annie: wall street firms are dipping their toes in the water of sports betting. it is an interesting time because a federal ban on sports betting was lifted last year, and you are starting to see about 13 states legalizing the practice, with more potentially to come. you have a couple different firms looking for ways in. carol: i think about many

this is a bloomberg businessweek -- is bloomberg businessweek. ♪ carol: welcome back.'m carol massar. jason: i'm jason kelly. catch up on every daily show through our podcast. you can get it on apple podcast, soundcloud, or blumberg.com. carol: you can find us online. who wins when companies buy their own shares? it's a good question. one argument is that it is the company executives that come out on top. jason: that's the case our economics editor is making, here with his story and this week's businessweek explainer. >> last year, s&p 500 companies bought back $806 billion with of shares, 55% more than the year before. this year, on track for $740 billion, the second-most ever. one commissioner had his staff study 385 recent buybacks. they found shares rose 2.5% more than the days after buyback than otherwise expected. they also found twice as many had executive selling in the eight days after buyback announcement as they do on an ordinary day. the value is more than five times higher. when a company buys back shares, it signals confidence in the future. executives se

this is "bloomberg businessweek." ♪ ♪ jason: welcome back to "bloomberg businessweek."carol: and i am carol massar. join "bloomberg businessweek" every day on the radio starting at 2:00 p.m. wall street time. catch up on our daily show by listening to our podcast. on apple podcasts, soundcloud, bloomberg.com, everywhere where you listen to your podcast. jason: you can also find us online at businessweek.com, and our mobile app. total ubiquity. carol: we are everywhere. we want to get back to the bloomberg 50 red carpet. jason: after a trip to bangkok, zilingo ceo ankiti bose started a direct-to-consumer fashion marketplace. such a cool company. carl: the story is pretty remarkable. that went on to become a lot more. ankiti: so, everybody wears clothes. the fashion industry, the balance sheet is almost 5% of global gdp, so it is huge. besides that, very little digitization, very little technology has really touched the entire industry, which is remarkable. so unlike pharmaceuticals, industrials, the way your iphone is made, unlike any of that, there is very little sustai

this is bloomberg businessweek. ♪ jason: welcome back to bloomberg businessweek. i'm jason kelly.i'm carol massar. jason: is it time for coco chanel to get into watches? i don't know. carol: with got talk about that the merck 50. jason: who has the most subscribed youtube channel? who's the biggest dealmaker? i just have fast did popeyes run out of the fried chicken sandwich? bloomberg editors from around the world answer those questions and many more for the third annual list. carol: we cover a lot. it is a look at the finance, politics, and science and technology, whose 2019 complements merit recognition. >> it's not a lifetime achievement award. this many people i want to put on this list, but they don't have data for a metric to sort of proof why we should include them. so, a lot of it is looking at the numbers, figures, and saying they did have a great year and we can show this to a stock price going up or acquisition or a million other ways. carol: i'm always curious about the debates you have because disney has to be on this list. no, they don't have to be on this list. bre

this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." kelly. carol: and i'm carol massar. still ahead, we take a look at a data nerd's guide to doing good. jason: in addition to the gift list, you've got to give away some money this holiday season. plus, provocative remarks. why companies run by women are not always fair to them. carol: that is a must-read. first up though, we have to talk about the bloomberg 50. jason: it is all the people in business, entertainment, finance, politics, and technology, whose 2019 accomplishments merit recognition. carol: we caught up with a bunch of these names on that list, two of them on the red carpet, alex blumberg and matt lieber, the y are the cofounders of gimlet media. jason: that is the company they sold to spotify for $238 million earlier this year. carol: it made it the biggest deal in the podcast industry. alex: we started the company in 2014, and we were both sort of coming at it from separate perspectives. i was working in podcasting already, i worked at "this american life" and i had start

jason: this is bloomberg businessweek. jason: welcome back to "bloomberg businessweek."join "bloomberg businessweek" every day on the radio starting at 2:00 p.m. wall street time. catch up on our daily show by this and into our podcast. jason: you can also find us online at businessweek.com, and our mobile app. total ubiquity. carol: we want to get back to the bluebird 50 red carpet. jason: after a trick to bangkok, startedceo ankiti bose a market. ankiti: the balance sheet is almost 5% of global gdp, so it is huge. besides that, very little technology has really touched the entire industry, which is remarkable. the way yourrials, iphone is made, unlike any of that, that is very little really anyy, or amount of transparency and apparel. that leads to all these problems that fashion is accused of, that we are filling up the landfills, that there are children working in factories making close for you.hes for or that the children are cannibals, people are buying too much. all of that can be solved with technology, creating a lot of transparency. that is where we come in. we

carol: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." carol massar. jason: and i'm jason kelly. join 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. get that wherever you get your podcasts. carol: and you can find us online and our mobile app. tech, safety say it's -- safe to say it's one of the major themes of 2019. jason: and the cover story for this week focuses on how silicon valley -- valley's biggest companies have fooled millions of people into allowing them to listen in on their stories. carol: austin carr joins us with the story. austin: this is a big story about how these devices like amazon echo and their virtual assistant alexa or siri -- if you have these devices in your home or on your phone, this is a story about how these things work. these tech companies in silicon valley presented these tools as automated. it turns out there is a vast apparatus of human listeners improving the services. when voice commands are submitted to their service,

carol: this is "bloomberg businessweek." ♪

♪ carol: welcome to bloomberg businessweek. i'm carol massar. jason: i'm jason kelly.e are in new york city. carol: this week, the bloomberg 50. from finance to politics, these are the people that shaped 2019 in unexpected ways. jason: plus, a growing pushback on stock webex. carol: and a different type of crisis that asks if homelessness is a crime. jason: all of that and more. but first, our top story, nato's 70th turned out to be less of a birthday party and more of the thanksgiving dinner for a big, dysfunctional family. carol: that's right. not all of them got along. a few snide remarks. in the end, everyone seemed to accept they were stuck with each other. that's according to mark champion, who covered it. let's talk about nato and what a week it was. mark: it was. i mean, the buildup was pretty extraordinary. this was supposed to be a celebration. it wasn't a full summit. they do that every two to three years. this one they felt they had to do because it was the 70th. they kept it really short because they specifically didn't want to create a big target for unsc

we honor that with an essay on how businessweek has covered businessweek through the decade.hatimes we mark moments history hasn't looked back on so kindly. as a cover about the, death of equities there for a couple years afterwards looked so good, then doesn't look so good now. it's an amazing accomplishment this magazine has been around this long. are we the authoritative voice we've been on business? jason: so interesting talking to the people who put together that essay. their combined tenure is almost 90 years, in effect. joel: we don't go all the way back to 1929, ready for the crash, but collectively, the people who worked on this essay can trace their lineage back to people they worked with who did work. back that. -- back then. jason: thank you. someone who has spent three decades contributing to the magazine that economics editor, peter coy. peter: i was with the magazine from one third of my life, pretty impressive. i was not around in 1929. the fascinating thing is the magazine's launch in september of 1929, which history buffs would recall is seven weeks before t

from new york, this is bloomberg. ♪ carol: this is bloomberg businessweek. massar along with romaine bostick. jason and i like to wrap up our week with a little bit of bubbly or wine. this is the season, everybody talks about champagne, but what about ringing in the new year with a little bit of wine? romaine: i concur. when they asked me to fill in for jason, i said, will there be wine? carol: the director of portfolio management for wine joins us. he has thoughts when it comes to pairing wine for your new year's celebration. everybody talks about champagne, but there are so many great choices out there. >> the choices are practically unlimited. sometimes you can ring in the new year with a little wine or a lot of wine. that is what makes this fun. we chose to look across. we talked about taking a different approach from champagne. we are going south to italy. we are going to tuscany. the reason we are doing this is because not everyone wants to eveningarkling wine all long. some people don't react well to the bubbles. others like to draw out the evening. c

you are listening and watching bloomberg businessweek.is bloomberg. ♪ >> i am mark crumpton first word news. a 14-year-old suspect in the killing of a new york city college student has been released without charges. are believedhers to be involved in attack on tessa majors earlier this month. the new york times reports investigators are working with prosecutors to secure evidence that might link the unnamed suspect and two teenagers to the killing. mexico will ask the united nations court to settle a diplomatic dispute with bolivia. the mexican government says the south american nation is harassing allies of ousted president eva morales at its embassy in lipa's. mexico is submitting a complaint to the international court of justice, claiming bolivia is violating diplomatic norms by surrounding its embassy with security forces. 2019,e a strong finish to many investors believe stockmarkets are more likely to see a 20% correction next year than a continued rally. citigroup says in either case that the federal reserve is unlikely to step in.

carol: happy 90th, businessweek.out the magazine covered business through the decade. jason: in the headlines, boeing halting production of the 737 max, that's been granted for many months. we look at what really went long. carol: more from the bloog

there was a feature in "businessweek" talking about the culture within softbank. can you give us a sense of what that is like, how that is informing some of the decisions? >> first off, fabulous story. if you haven't read the story, you have to go to the nearest news stand and pick up that "businessweek." it is the cover story, we have fabulous reporters on it. and it really paints a picture of chaos, confusion, and more importantly, recklessness, right. if you just look at the wework story itself, just a few months ago, adam neumann was marketing it as a grand tech play that would control the world. a few months later, we are talking about a real estate company that is hoping to work off their real estate arbitrage to make sure that there is a feasible business here. and that goes into the greater softbank deal, was it really smart to go into all of these startup investors, that you have to grow at all costs, forget about profitability? the conversation has shifted to figuring out whether profitability is what they need to focus on. lisa: thank you for coming on.

joining us, bloomberg businessweek economics editor peter coy. ism manufacturing, a fourth straight month of contraction. sh showed an increase. so which do you believe? ism is an older one. the ish market one is a little bit younger, goes back to 2009. it is more forward-looking in its components. economists pay attention to ihs markets. i don't know which one is right overall, neither one is signaling robust health. overall, being said, prior to the u.s. data coming out this morning, we had a lot of data from overseas, all the ism's come out on the same day everywhere. that wasn't so bad, the overseas picture. peter: it was positive. that is why would not worry too much about the ism coming into low. we know that manufacturing is not strong. it is the u.s. consumer that has been leading the expansion. as long as the production side thatnot go into such a pit it drags down the consumer, the expansion still has some legs to go, i would say. romaine: part of the concern, we are not in this freefall, not headed towards a recession. it also shows th

that was bloomberg businessweek economics editor. now a note upper member and's.llonetary serve on the fomc has died. he left the richmond fed in 2005. nominated for the fed board vacancy in 2017, he had a hearing before the senate banking committee but did not progress. the nomination left at 2018. he was 69. joining us to reflect on his contributions to economics is bloomberg surveillance host tom . view, what is the legacy? tom: this is the conservative end of economics. over therly the shadow committee. 1960's, they and worry about inflation was there. there was an intellectual architecture that said this is how we stop inflation. he was a young wonder child the academic movement out of phd, hey college, brown immediately got a claim at the richmond fed, where he ended up casting a character. romaine: sort of his intellectual state that he made on this issue to a certain extent might have cost him a job. tom: absolutely. no question about it. senator warren was one of the disturbing arch critics of what was proved to be inflationistas. they stumbled after the

turnseek, businessweek 90. >> women on wall street.e too and why financial firms still don't get it. >>

peter: my words are the words of businessweek.s tochina have a true market economy, you have to let companies fail once in a while. economy said a market without default is like religion without sin. a bige are seeing, we saw jump in 2018 and a further jump in 2019 and the number of defaults. it includes some state owned enterprises, which means companies are not being artificially propped up. they are not zombies. if they cannot make the payments they will have to shut down. the return to investors could be as low as $.35 on the dollar. a big problem for outsiders, anyone who wants to invest in china. whattil now it was this is i am going to get. now it is i can lose all of my money on this company. you have to try to pay a lot more attention to the details on the ground, how this company is positioned, its finances, as well as how plugged in it is. vonnie: due diligence being a completely novel concept when it is more difficult to do due diligence in a country like china. what are companies saying about china? peter: bloomberg a

join me at 2:00 for bloomberg businessweek on bloomberg radio.balance of power" on bloomberg television and radio. ♪ what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy... the my account app makes today's xfinity customer service simple, easy, awesome. not my thing. scarlet: i'm scarlet fu. this is "etf iq ." tale of two years. etf flows show caution ring for most of the year until risk took over in november. how does that set us up for 2020? we get passive aggressive with the big three. what is fueling the fire of etf adoptions. the holiday season calls for an etf

you can read more of this story and others in the december 23 issue of "bloomberg businessweek."ing up, big tech is on a quest for dominance in consumer baking. we will discuss how it is all shaking up fintech with one of the latest unicorns. later, an app helps you rake in the money during the holiday shopping season. this is bloomberg. ♪ taylor: apple wallet, uber money, google checking accounts. it seems like everywhere you look, big tech is getting into the financial services game. so what is that trend doing to fintech? we asked henrique dubugras, the ceo of recently minted unicorn brex, which has a partnership with mastercard. i asked him about the financial product opportunities. henrique: i believe that there is a clear distinction between distribution and actual innovation in financial. i think a lot the big tech companies, what they are doing is just creating few distribution channels for existing products. so for example, amazon's credit card is issued by jp morgan and american express. i truly believe that if there is no technology development in the back end, it will

it was the focus of a businessweek cover story. it is depicting a culture of recklessness.ah mcbride helped to bring this story to light. she joined me on wednesday. >> it is an incredibly -- he has an incredibly interesting guy. he is an -- a korean immigrant to japan. he grew up in this hardscrabble way, supersmart, came to the u.s., attended berkeley, moved back to japan, started softbank. one of the things that stood out about his background to me is in 2000, he invested $20 million in alibaba and that stake is now worth $130 billion. is a smart guy. taylor: what do we know about his management style and how it has fueled this environment for these outside -- sarah: he is a go big or go home guy. he wants his portfolios and investment professionals to think bigger. sometimes that is great. when a young entrepreneur comes to him and he tells them you are going to be the next jack ma. your company is going to be bigger than you think, have you thought of this business idea or that business idea? but sometimes he gets impatient. we have this detail in the story about durin

he is part of businessweek's bloomberg 50 list this year.t for this edition of bloomberg technology. bloomberg technology is livestreaming on twitter. check us out. be sure to follow or global breaking news network, @quick take, on twitter. this is bloomberg. ♪ hank: i see this climate risk as the single biggest and most certain and formidable risk mankind faces. david: head2head interest in business? hank: the easiest place to get into what is harvard business school. david: lehman was on the verge of going bankrupt, but was there anything you could have gone differently in respect to lehman? hank: i tell you, i don't think there was. >> will you fix your tie please? david: people would not recognize me of my time was fixed but ok. leave it this way? all right. ♪

we turn now to our weekly "bloomberg businessweek" feature. first up, the bloomberg 50., fashion. some of the big people who defined 2019. and then beauty industry's next goldmine. the cosmetics industry is turning to an aging population. andy kremlin dismisses climate change. the enthusiasm for global markets this year may not have riches netted -- may not have resonated. so you had tons of people on this list. can you bring up some of the highlights? reporter: it is the bloomberg 50, so it is the 50 most influential people in business, finance, sports entertainment, politics. we got plenty of ceos and prime ministers, and even a chicken sandwich. alix: check flight -- chick-fil-a? reporter: popeyes, actually. [laughter] reporter: we also have some knows you might know, but might not think of as business people. of the ms. rihanna, one of the world's most to miss recording artists, but also this year the first woman to head a fashion label at lvmh, louis vuitton's luxury conglomerate. she started a couple of years ago with her scent he -- with and nowy beauty line, the

i was working for businessweek in europe in the late '90s, i was going up to helsinki all the time because they were on the cutting edge of mobile phones with nokia and a bunch of other mobile phone providers so this is just like the next step. the finns are into the next age of the internet, which happens to be mobility. the question is whether they can -- you know, gnocchi as we shoot for a while and that it got eclipsed by basically by apple, and the question is whether the finns can become world leaders in these apps that move us around or if they will get swallowed up by somebody like google. >> another's -- >> host: another city featured in hop skip and go is jakarta. what's going on there? >> guest: well, jakarta has some of the worst traffic in the world, and so there's a company there that has turned these motorbikes that they have been into a taxi service and also a delivery service. they can go much, much faster through jakarta than the cats or the limousines. so once you have mobility on an app, , this company is finding, then you can start providing all kinds of other services

. ♪ ♪ carol: welcome to bloomberg businessweek. i'm carol massar. jason: i'm jason kelly.in new york city. carol: this week, the bloomberg 50. from finance to politics, these are the people that shaped 2019 in unexpected ways. jason: plus, a growing pushback on stock webex. carol: and a different type of

romaine: that was beyond meat ceo ethan brown, part of bloomberg's businessweek 50 list this year.say that real meat producers are struggling. when we take a look at what beyond meat has done, they are up about 200% on the year. we have companies that have more than doubled their share price, up about 160%. inn tyson foods based here the u.s., up about 60%. scarlet: there is a lot of demand for real beef, real pork, especially when you look at the overseas market. we were talking about this earlier, it is actually red meat. romaine: today life? -- did they life? -- they lie? scarlet: they might have stretched the truth. romaine: i thought it was healthy. scarlet: because it was not red meat? a california judge ruled they will not allow uber drivers to be recast -- to be recast of lead as implied -- reclassified as employees. this is bloomberg. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i

the stories on the latest issue of bloomberg businessweek.as in the white house, tv was mostly black and white, and the baby boom was at its peak. that was the 1950's, the last time stocks had a decade like the one they are wrapping up now. 49% in theo hundred past 10 years, about 1.2 times the historical average. the 2010s were the first decade without a bear market, a 20 percent drop from any peak. there were plenty of moments to make investors queasy. the flash crash in 2010. europe's sovereign debt crisis in 2011 and 2012. now, a global trade war. perceptions of risk were high but fundamentals were stable. to. gdp expanded by 1.6% 2.9% each of the last nine years. it is expected to be in the same range. record number of wins -- it led to a record number of wins for the market. like a kids sports league, everyone took home the trophy. romaine: getting fancy did not actually pay off in stocks this decade. investors who look at li public companies to enhance this gain. ipo'sg us to discuss both past and future, drew singer. i would think tha

you can read more about this on the summer 23rd issue of bloomberg businessweek.hares of tesla closing at a record high on wednesday after reports the company is considering cutting the price of their model three sedan by 20% or more share. tesla is betting that it will lower buyers. -- lower buyers. stock is searched since the company reported a surprise profit october 23. coming up, overbank doesn't want to be known as just a car booking service. they are taking the gig economy model one step further. check us out on the radio on the bloomberg app, bloomberg.com and in the u.s. on sirius xm. this is bloomberg. ♪ taylor: with just one week before christmas, amazon has been assembling a shipping machine. the commerce giant is beefing up its own delivery system to prepare for the holiday orders and expectations. discuss, our analyst in seattle. we know this is always a big test for the year. what is the big test for amazon in the next few weeks? isthe big thing for amazon it is handling more of its deliveries than ever before. it has estimated about half of all ama

. ♪ ♪ carol: welcome to bloomberg businessweek. i'm carol massar. jason: i'm jason kelly.ork city. carol: this week, the bloomberg 50. from finance to politics, these are the people that shaped 2019 in unexpected ways. jason: plus, a growing pushback on stock webex. carol: and a different type of crisis that asks if homelessness is a crime.

our cover story on businessweek brings to light the real environment inside the famous fund. read this story about how the vision fund operates. professional asset allocator. this article would not make me want to give them my money. shery: yeah gives you food for thought. economies -- economist at bloomberg did a great job talking to current and former employees. also, flattery toward them, a compliance issue. abnormally high tolerance for risk. we have many examples in this story about his personality but at the same time, the fact he can flip into rage mode if he doesn't get his goals. they are demanding more for his startups. romaine: i thought this article was fascinating. they pointed out a lot of the deputies under him were a source of some concern. >> it's not just one specific manager. vintage walle of a street macho environment. i think scarlet but right, it's like any other founder. -- i think scarlet put it right. you seem increasing scrutiny on how they are making those bets. when you take a look at those individual bets, it's not like they have a general philoso

. ♪ week businessweek turns 90. look at how the magazine has covered business through the decade.irms arguably still do not get it. >> a popular uprising that has set millions

it is the focus of bloomberg businessweek's in-depth piece on how the smart speaker praise users vulnerable to the conversations being transcribed. here with the story including the devices and use of contractors to transcribe those attimate conversations is m in seattle, sarah from san francisco, and austin from new york. let me start with you come austin. the management -- with you, austin. >> we spoke to dozens of transcribers and contractors in the stories. everywhere from ireland to india. they really had ethical quandaries with the service, they were eavesdropping on a lot customers toexa improve speech recognition capabilities. is really fascinating thing the profound disparity you mentioned. a lot of the contractors felt this was ethically dubious. the silicon valley folks that we talked to really did not think this was such an issue at all despite years of privacy issues. it is essentially a way of improving quality assurance. -- oneecutive at apple executive at apple described this as a way of fixing voice books. the bigger question is whether consumersed this to that they may be

you can read more about this on the december 23 issue of "bloomberg businessweek." shares of tesla closing at a record high on wednesday after reports the company is considering cutting the price of the china built model three sedan by 20% or more year. tesla is betting that it will lower buyers. than 50% surged more since the company reported a surprise profit on october 23. coming up, uber doesn't want to just be known as a car booking service. it is taking the gig economy not model one step further. if you like bloomberg news, check us out on the radio. listen on the bloomberg up, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ week leftth just a before christmas, it is do or die time for the delivering machine. amazon has been assembling it over the last few years. longtime logistics partners like ups and fedex, the commerce strand is gearing up for the strain of holiday orders and expectations. joining us to discuss, our spencer soper in seattle. we know it's always a tough time, a big test of the year for all these logistics companies. what i