i am carol massar. jason: i am jason kelly. en to us on the radio on sirius xm channel 119, also a.m. 1130 in new york, 106.1 in boston, 99.1 f.m. in washington, d.c. carol: a.m. 960 in the bay area, in london on dab digital, and of course, on the bloomberg business app. in the strategies section, helpful articles about how to take the kind of risks that grow your company. jason: and why it is important to prove yourself from your first day on the job. >> companies are complex these days. they are different, running them is different, how you hire people, groom people, they have a very short timeline to prove themselves. social media puts pressure, all kinds of media attention puts pressure. and then how we consume technology, like think about the tools people use. they can make your life efficient but they can make your life kind of crazy, right? we were taking a deeper dive into it on occasion in this section and trying to offer people really meaningful advice and information about how to go forward in their leadership roles,

i am carol massar. jason: and i am jason kelly. are joining you from bloomberg's headquarters in 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 empire on earth. jason: we are talking about a chinese company that has made it cheaper to order in them to go than to go out and has reshaped life in china cities. carol: we talked to our editor about the story. jeff: the 40-year-old founder first started trying to build social networks in china for, you know, 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 investment by alibaba's jack ma to take the lead in what was known for some time as the 100 groupon war. carol: he starts his company, get the inve

i am carol massar. jason: i am jason kelly. rol: a new ai product that plans to give superhero like hearing to the masses. media,and social global anyone under 15 probably knows about it. carol: we asked the question -- is inflation dead? a new era of lowflation is confounding and calling into question the independence of the federal reserve. peter: the fed is having a series of conferences over the course of this year, culminating in chicago in june. that is called fed listens. it is a combination of listening to work where they are talking andeople -- listening tour professional economists. are we communicating wrong? do we understand what causes inflation? it is not just inflation. jason: inflation is the heart of monetary policy. that leads us to a really important point because monetary policy and fiscal policy, monetary policy being what a central bank does, fiscal policy being what government does, taxing and spending. we have an administration that probably would be ok if those were done more hand in hand. there is a cas

i'm carol massar.e are inside the magazine's headquarters in new york. coming up, the crisis fiat faces now that it has lost its indispensable leader in the late sergio marchionne. can mario batali's restaurant empire survive without him? on the cover, how generations z is changing online retail. the generation of people reaching adulthood in the second decade of the 21st century. in china, these kids are showing the rest of us how to live in a cashless world. jim ellis has that story. jim: this will be the largest demographic group since boomers. the same way boomers transformed the way we shopped after world war ii, we will probably see this route through the same. by the middle of next decade or maybe sooner, this will be the largest consumer group. there are so many of them. these are the children of gen x. they are different kinds of consumers but they have grown up in a world where mobile, internet shopping, where being able to talk back and forth to retailers and communicate and not just be on t

i'm carol massar. jason: i am jason kelly. carol: in this week's program why economists have such a hard time forecasting recessions. it is not easy. jason: plus japan schools the world on how a wealthy nation can maintain its superpower status. carol: the international cover story, the greatest delivery empire on earth. jason: we are talking about a company in china. it has been cheaper to order in than to go out and reshape life in china's cities in the process. carol: we talked to the editor about the story. >> the 450-year-old founder of may twan tried to build social networks, a sort of facebook look alike and something that looked an awful lot like twitter with a handful of co-founders and after first blowing through the early stakes from friends and family and then suffering crackdowns from the chinese government decided to try to do something less potentially controversial. thanks to early investment by jack ma to sort of take the lead in what was known for some time war in undred groupon china. carol: he gets investmen

carol: and i am carol massar."bloomberg businessweek" everyday on the radio from 2:00 to 5:00 p.m. wall street time. you can also listen to our podcast on itunes podcasts and bloomberg.com. jason: and you can find us online at businessweek.com and through our mobile app. in the business section, you may be overwhelmed if you ever step into one of this japanese retailer don quixote's stores. carol: and that's just how they like it. here is editor jim ellis. jim: the chain bases itself on the fact that don quixote was unconventional and so they are unconventional. they are breaking a lot of the rules retail has had. when you think about large retailers, consistency is something you impose on the chain. you have x in one location, you have them in 500 locations. stores are arranged to the same, but that is not the way it works in don quixote. carol: chaos, it feels like. jim: floor-to-ceiling sensory overload. carol: you have been there? >> i have been to one in thailand. they are expanding now. but this is a made in

i am carol massar. jason: i am jason kelly. carol: thousands of dominicans are searching for a treasure that may not exist. jason: a focus on europe's most important economy. carol: who will fill angela merkel's shoes? jason: how to help germany's .iggest bank, deutsche bank editor joel weber joins us now. carol: why focus on germany now? >> brexit has taken up a lot of their we talk about europe. we know brexit has been kicked down the road until october. is the biggest economy, and we are starting to see three elements, one is the economic story has gotten tepid. the political story, ms. merkel is the most powerful real political figure europe has, and there is a succession story. the third is the banking story, deutsche bank being a once upon a time bank of germany, and became an international bank. now it is grappling with the size it is supposed to be. jason: wide-ranging implications in germany and the global financial system. ed robinson brought us more. >> these banks of the twin pillars of the commercial banking system

carol massar has a special guest. l: i'm here with brian kingston, the ceo of brookfield property group. greek to have you here. we were on a panel yesterday and talking about the environment of real estate. if you have to pinpoint where we are in the cycle, how would you characterize it? brian: we are in the midst of what has been one of the longest recoveries, and a couple of months, will be the longest recovery in u.s. history. clearly, we are later in the cycle. the operating environment is very strong. strong gdp growth, low unemployment, low interest rates. supply in most of the real estate sectors is at historic lows relative to their long-term trends. carol: you see that continuing? brian: we see that continuing, and that is a favorable backdrop in real estate. carol: you close a big fund this year. what is her next big target acquisition when it comes to real estate? a $15 billiond is fund with a global mandate, so we can invest throughout the world. half of that will be invested in the u.s., because of the st

i am carol massar. jason: i am jason kelly. dominicansds are hunting for treasure that may not exist. jason: a special focus on the future of europe's important economy -- that would be germany. carol: who is going to sell angela merkel's shoes? jason: how to help deutsche bank -- editor joel weber joins us now. carol: why focus on germany? up a lot ofs taken air when we talk about europe. we know brexit has been kicked down the road. october is the new time i. let's talk about germany which is europe's biggest economy. what we see is there are three elements. story has economics gotten tepid. the political story -- mark ballas the most powerful political figure europe has and there is a succession story we need to be aware of. deutsche bank being this once upon a time it was the bank of germany and then it became an international bank. it is grappling with what size it is supposed to be. jason: that is a fast-moving story with wide-ranging implications. these banks are the twin pillars of the financial system, the commercial b

i'm carol massar. we are inside the magazine's headquarters in new york.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

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

david westin, here with carol massar. alix steel is off today. lots of stuff going on. carol: let's talk about earnings. , a penny better than what wall street was forecasting. first quarter sales a little bit stronger as well. key,ompany, and this is still seeing mid single-digit decline in eps for the year. growth 2% to 4%. i feel like colgate-palmolive, so many of these consumer names are going through this wreps and in there markets. it is not easy. david: at the same time, they savingouble passing through the consumer. missing on eps at the lower end of the range, not good news. there is some suggestion that some of it may be weather. archer daniels midland is down. not good news. carol: exactly. we've got to talk about uber. last night talking about the ipo, it looks like it will be the largest of the year. to $50.ion shares, $44 it looks like they've reigned it in a little bit. david: they have maybe a little bit because of lyft. carol: absolutely. since that initial trading day, it has pulled back dramatically. folks will say they are not the nonetheless, but the

. ♪ ♪ carol: welcome to "bloomberg businessweek," i'm carol massar. jason: i jason kelly. ting 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

i am carol massar. jason: i am jason kelly. s are hunting for treasure that may not exist. jason: a special focus on the future of europe's important economy -- that would be germany. carol: who is going to sell angela merkel's shoes? jason: how to

i am carol massar. jason: and i am jason kelly. 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

old-fashioned has said that we need to say that maybe not in syria we will not be dominant , this i am carol massarr region. we cannot let the russians show >> the russians show us around here. and with more work, we can get the cubans to play a big role. and in nicaragua. john bolton has picked a venezuela, nicaragua, and cuba as a troika of terror. he wants to see us play a role in turning the region around. jason: nothing dangerous could be named pizza bottom, right? carol: we have got an interesting map that shows the u.s. nuclear power plant that may be facing risk. jason: and if you look at the red dots, those are the real danger zones. it incorporates the number of flood risks that were not incorporated. you can see a lot of nuclear power plants and a lot of red. carol: conditions have gotten worse because of climate change. we have more on this from chris. >> the whole point of the exercise is post-fukushima analysis in the u.s., look at what is the most extreme event that is possible enough that it is worth accounting for? the industry makes its point well, in any industry, there is always

i'm carol massar. we are inside the magazine's headquarters in new york.ensable 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

massar: thanks to carol for bringing us that interview.the reporters and editors every saturday and sunday on bloomberg television and radio. you know what i love about this film festival? you actually do get undiscovered talent making the rise, ryan coogler, martin scorsese. there is a film i want to see called lucky cram all. -- lucky grandma. dies and has aor pilot cash and she steals it. caroline: how can i see this film? romaine: tribeca film festival. caroline: i am taking by the fact they seem to be a supporter. romaine: some of the other films have pushed up against it, but this time, they seem to be embracing it. caroline: don't miss this. alphabet reports first-quarter earnings on monday. apple reports on tuesday. romaine: the fed announces its rate decision on wednesday, and the april jobs report next friday. caroline: that is all for "what'd you miss?" romaine: bloomberg technology is next. have a great weekend. this is bloomberg. ♪ ♪ emily: i am emily chang in san francisco. this is "bloomberg technology." slack is going publi

david westin, here with carol massar. alix steel is off today. lots of stuff going on. t wall street was forecasting. first quarter sales a little bit stronger as well. key,ompany, and this is still seeing mid single-digit decline in eps for the year