reed hastings: world's leading entertainment service. we produce and distribute television series and movies. around about 20 years and have about 200 families around the world who are the members. host: is there a connection where he had 900 movie titles. reed hastings: we started 22 years ago and there is some connection to that. we're competing with blockbuster and parted and that was we were competing with video stores just in the u.s. rated thousand 2007 when we started streaming. roughly the same time the youtube did. host: aaron how did you get involved in this book project. >> i study cultural differences in the workplace. in first came across in the culture when i read but any people have, netflix culture added that things that we put on the internet in the beginning. erin: is the things like added performance with a generous severance . that really shocked me because in my department, we were at the time focusing a lot on psychological spacing to create motivation. so. the company is not focusing on psychological spacing but ot

peter: reed hastings, sheryl sandberg they all come up in the book. at is a level of collaboration or friendship among ceo's in silicon valley? reed: it is quite variable, i'm sure. those particular people that you mentioned i have long-standing relationships with. but i would say silicon valley is a very competitive place. we compete with other entertainment companies like disney and hbo. those tech leaders you mentioned, it is not too competitive. it is friendly because it is not competitive, whereas with the entertainment companies it can be a more challenging relationship. peter: we cannot finish this without talking about my favorite person in the book, and that is patty mccord. did you have a chance to talk with her? erin: i talked to her a lot. she is a great storyteller and has an incredible memory. often we were switching from one story. she always had a story to provide to me. she is an important character in the book. peter: who is she, mr. hastings? reed: patty mccord was our founding head of hr. was with us over a decade, and pioneered a l

one of them has been with reed hastings.he chase. , in a recent conversation with bloomberg, was scathing about the lack of philanthropy, the clumsiness of the new rich of california, the new rich of technology. reed hastings seems to be providing real leadership. is his gift to black universities, is that enough to be a game changer to teach the younger crew how to give away the millions? david: it was a $120 million gift and got a lot of attention. when i asked him about it, he said he has made larger gifts that have not been publicized. i think he will have an impact. mark makes a good point. you have people worth tens and 20's and 30's of billions of dollars, and you wonder what they will do with that money. tom: what you do with it? this is something -- full disclosure, mr. bloomberg, the founder of bloomberg lp has faced the same conundrum. ,hy is it so hard for some particularly these young technology types, to give money away? david: throughout the history of the world people tended to give away money towards the end

reed hastings and aaron meyer are co-authors of this book. mr. hastings is also the ceo of netflix. netflix and what do you do? worlds leading entertainment service. we produced television series and movies. we have about 200 million families around the world who are members. >> is there a connection to the 1998 companies where you had 900 movie titles and 30 employees? reed: we started about 22 years ago competing with blockbuster. that was a decade really we were competing with video stores just in the u.s.. that is 2007 when we started streaming, roughly the same time youtube did. >> how did you get involved in this project? study cultural differences in the workplace. i first came across the netflix culture when i read many people have the netflix culture. beginning -- it seemed like adequate performance gets a generous severance. that shocked me. school, we were talking about psychological safety to promote innovation. focusing company not on safety but getting rid of people who did not perform adequately. no vacationad policy, travel policy. things that got me think about how

about the reality as employees experience it. >> host: erin meyer, you are pretty aghast when reed hastingsent out an unfinished draft of a chapter. weren't you? >> yes, i'm sure reed is happy to hear about that again. [laughter] one of reed's leadership tenants as being transparent with your employees and i learned at my time that we interview their that level of transparency is way beyond what you find at most companies and that is spearheaded by reed. what is the experience as i have is that i worked at length on this chapter but it was nowhere near finished and i sent it to reed to start working on it and a couple weeks later i was doing interviews at the netflix amsterdam office and one of the netflix employees said to me during the interview, when i was reading the chapter that you wrote and i was like what? and he said oh yeah reed send that chapter out to the managers at netflix. i was like all the managers and what i found out was that when they talked about transparency he means really helping everybody see what is going on even before it is finished. >> host: you are quoted in th

. >> host: erin meyer, you are pretty aghast when reed hastings set out an unfinished draft of a chapter, were you not, to employees? >> guest: yes. i'm sure reed is happy to hear about that again. well, one of his leadership tenants -- imports been transparent with your employees. i learned at my time during interviews that level of transparency is way beyond what you might -- that is spearheaded by reed. one of the experiences i had was i worked at length on this chapter but it was nowhere near finished. i send it to reed to start working on it. a couple weeks later i was doing some interviews at the netflix amsterdam office and one of the netflix employee said to me during the interview, when i was reading the chapter that you wrote. and i was like, what? he said, yeah, reed said that chapter out to the managers at netflix. i was like, all of the managers? when i found out was when they talk about transparency, he needs really helping everybody see what's going on even before it is finished. >> host: you are quoted in the book essay i love the netflix culture for its honesty and loath

i talked with the cofounder and ceo, reed hastings. -- and co-ceo, reed hastings. out with a new book. is reallyculture geared around flexibility instead of efficiency. we have very few rules. we are very inventive. we are on the edge of chaos. that happens sometimes. but that helps you adjust. adjustmento a lot of , coming from dvd by mail, then doing streaming, to then figure out how to break into original series, then original movie, how to expand around the world. now, about two thirds of our members are not in the u.s.. big successful expansion to building our studio. really due to the culture, both attracting incredible people and being very flexible so we did not stay really focused on the dvd by mail business. emily: how is the pandemic changing the way you run a business, when so many people are working from home? jack dorsey said some people can work from home forever. want we definitely employees to be productive. i think for most of us, we want to get back into the office, have given contact -- have human contact, discussion and debates. the technology

. >> host: and, erin meyer, you were pretty aghast when reed hastings sent out an unfinished draft of a chapter, weren't you, to employees? [laughter] >> guest: oh, yes. i'm sure reed's happy to hear about that again. [laughter] the importance of being transparent with your employees, and, you know, i learned at my time doing interviews there that that level of transparency is way beyond what you find at most companies, and that is spearheaded by reed. so one of the experiences that i had was i worked at length on this chapter, but it was nowhere near finished, and i sent it to reed to start working on. a couple weeks later i was doing some interviews at the netflix amsterdam office, and one of the employees said to me during the interview, oh, when i was reading the chapter that you wrote, and i was like, what? he said, oh, yeah, reed sent that chapter out to the managers at netflix. and i was, like, all of the managers? [laughter] and what i found out was that when they talked about transparency, he means really helping everybody see what's going on even before it's finished. >> hos

when you talk to reed hastings, you realize he does not have a big ego.e is willing to listen to other people. i think it will work and i think it is working. the company now, which went public in 2002, the market cap is up 86,000%. stock is up 41,000% since then. did you ever think it would become that big, that successful? reed: no, because then i would never have sold a share. you never know on that. honestly, there has been a lot of luck along the way. blockbuster could have wiped us out many times. when viacom spun off blockbuster in 2004, they saddled them with a billion dollars of debt as their goodbye kiss. the covenant on that debt severely limited blockbuster when they attacked us. that was one. another one is blockbuster had us on the ropes, and then carl icahn got elected to the board of directors to blockbuster. he fired the ceo over some silly bonus issue and they completely changed strategies. all these things have been incredibly lucky strokes. so you need both and luck, which i'm am sure you have experienced. david: i have had a lot of lu

david: people watching this will say, i want to be like reed hastings. o build a great company, be successful, have a great family, be active. what would you say is the key to leadership enabled you to be the one you are today? reed: it is about achievement of the company as opposed to personal achievement. you want to be super proud of the organization and personally humble. david: i assume you hear from your high school classmates, your college classmates telling you they always know you were going to be successful and by the way, they have a script for you and something like that. do you hear from a lot of people like that? reed: i stay in touch with a lot of friends that way. i was definitely a late bloomer. i do not think i was one of those people that was marked at an early age. you read about how at age 16 they were unbelievable. i was very average, run-of-the-mill kid. i have been super fortunate with a series of events in terms of my first company doing well, having that idea that went into being able to do netflix. i feel incredibly fortunate, w

reed hastings is next. when the world gets complicated, a lot goes through your mind.fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. >>> all right. welcome back. so we know the pandemic has changed the way millions of people work and that includes netflix's ceo reed hastings who says his whole work from home thing is a pure negative, but netflix they added 26 million subscribers in first half of the year. he's out with a new book "no rules rules" and "vanity fair" said it's an earnest attempt to bottle netflix's future for millions of generations. reed hastings is here. >> good morning. >> the book has completely changed my outlook on the workplace and we'll get to that in the moment and help me understand when facebook said that half of the folks may work from home permanently and twitter says something similar, you said you want the people back in the office 12 hours a day when there's a vaccine. why is it is so bad for them to work from ho

>>host: and you were aghast when reed hastings sent out that unfinished draft to employees? >> and with the importance of being transparent that that level of transparency is spearheaded that it was nowhere near finished and then a couple weeks later that the netflix employee said during the interview and i was like what? and said yes we sent that chapter out to the managers. and then talking about transparency he really means everybody seeing what is going on. >>host: but you are quoted to say i love the netflix culture for its honesty and content. >> that was my first reaction before i started doing the interviews and really understanding netflix and that was one of the reasons reed was interested me to get involved with the book. and with that corporate culture. and in that which is about candor don't say something about somebody that you wouldn't say to their face. of course a lot of a spent time at were talking about people so i couldn't imagine how to plan a work environment and that which goes with it. >> what are those advantages? >> so one of the first things i did

we have a big line up of news makers we'd talk to reed hastings from netflix. investor stanley drukemmiller and then from children's hospital, and a huge lineup. so much to talk about including this astrazeneca news. >> did anyone else google transfer myalitis. it is troubling. this is the one patient. yes. it is spinal it exists. there is a reason we know all about it it exists. it can come from ms. this is a vaccine you are talking about. we'll talk to dr. scott gottlieb this is one of the adno vaccine. the adno vector does give its own immune response in addition to the added protein it should be great to talk to gottlieb about this. we'll point out he's on pfizer's board, so keep that in mine. so astrazeneca pausing for safety concerns. he's up next we'll check out this morning's biggest s&p winners and losers stay tuned to "squawk box" on cnbc another day, another chance to bounce forward. let's do this. by making internet speeds fast and reliable. so you can keep up with your customers. by ensuring those speeds have wireless internet backup. so if the pow

>> peter teo. >> interesting. >> reed hastings?ess. >> understood, it's really interesting to hear the influence you've had on technology also on culture. i appreciate you making the time, sir. >> thank you, in the new book, no rules, rules. >> up ahead, a director of some all time favorite films, also a very outspoken trump critic from the jump, i have news i want to share with you about judd apatow next. proof i can fight psoriatic arthritis... ...with humira. proof of less joint pain... ...and clearer skin in psa. humira targets and blocks a source of inflammation that contributes to joint pain and irreversible damage. humira can lower your ability to fight infections. serious and sometimes fatal infections, including tuberculosis, and cancers, including lymphoma, have happened, as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. tell your doctor if you've been to areas where certain fungal infections are common and if you've had tb, hepatitis b, are prone to infecti

ritika: you can watch all of the interview with reed hastings tonight on the david rubenstein show.9:00 p.m. new york time on bloomberg tv. that is your bloomberg business flash. guy: thank you very much. time for futures and focus. looking at volatility. sarahg us again is saira mali ponczek. that will have an effect into the volatility metric. those volatility metrics have been doing strange things. explain. sarah: moving in the opposite direction that they typically do. much of it has been blamed on the call options buying, which has forced dealers to hedge. this began early last week. monday, tuesday, wednesday we saw the nasdaq rally about 1% or more every day. on those days we actually saw the fear gauge for the nasdaq. the equivalent for the benchmark also rose in tandem. typically that doesn't happen. what happened was even with the major selloff we have seen in the nasdaq, down 11% in three days, the worst stretch since march, on friday and yesterday we actually saw volatility of bait. lower alongside the nasdaq. .hat usually does not happen why is this happening? maybe the

now the company's founder reed hastings has a new book out, "no rules rules."astings, good morning, thanks for being with us. >> thank you very much. >> your book is based on a 127 slide powerpoint that you put together back in 2009 to sort of lay out your company's culture, but one of the things that you point out is that the aim of the culture is to give your employees freedom like avoiding rules, which wuld seem to be a contradiction when you have a 127 point slide presentation. how do you explain that? >> takes a lot of slides to talk about freedom, and, you know, we've had such success at trying to create shows and films that people are going to love and a lot of that is because we give our employees freedom. >> what do you mean when you say freedom? >> i mean that people get to make decisions throughout the company. but people get to decide let's commission this show, i don't have to get five levels of approval or let's do this feature, i don't need to get five levels of approval. he we encourage people throughout the company to make decisions. >> you als

reed hastings speaking to emily chang.ar more from the man behind netflix wednesday at 9:00 p.m. new york time. he joins david rubenstein in the latest episode. now andstay with tech the potential bubble 2.0. .hat is the wrong question instead it should be how much more growth? and how much will we have to pay for that growth? consumer our electronic analyst. i love how you've posed the question. where will it come from and technology? >> thanks for having me on. that is the question that is more important at this point. sectors, like commerce or cloud computing, has driven a change in valuation across the sector. some of the names have outperformed the fundamentals. not just 2020. sort of the long term view. thisied to look into, change is not going to be a step change every year thereafter. growth look like in terms of internet and e-commerce? you look at that fundamental rate, it is still strong. it will not be as strong as 20/20. i don't think that will be repeated. it is still strong. how much are you paying for the g

but it is what you watch the rest of the time that is on the mind of reed hastings. 60 minutes chats with the man behind netflix. >> reporter: the "new york times" once described the netflix lobby as the hottest see and be seen spot in hollywood. that was last year. this is now. >> it is supposed to be full of people cheering and talking and now it is empty. >> reporter: reed hastings, the co-founder and co-c.e.o. of netflix showed us the video wall promoting new netflix shows, surrounded by lots and lots of empty chairs. >> we will be back. we're going to get that vaccine, and then that lobby will be pumping again. >> reporter: i know why you're so optimistic. because like toilet paper and lysol, you're one of the few companies who have really thrived in this pandemic. >> people love entertainment, whether that is war time, peace time, covid. >> reporter: yeah, but you're avoiding my question, which is: you're doing extremely well. your subscription numbers have what? >> we're off to a faster start in growth than any year in our history. roughly from $160 million to

in a conversation with david netflix cofounder and ceo reed hastings explains.ogramming. was familiar with the history of cable television and educated us on hbo's path, the first 20 years in the 1980's and 1990's, they had recycled programming, and with shows like the sopranos and the wire, they moved into original programming read what a difference it made for them. so we were aware of the history. it was just a matter of biding time. david: today, the original programming you have, is that more popular than the non-original you are renting? that's right, the original programming driving the old guard, our newest movie, an amazing movie, our series like india matchmaking or railroad academy are all driving both the viewing and the membership growth. we are fundamentally in original content business that supplements with licensed content around the world. contentn netflix your is popular, but you don't do things like news or sports. rea ca -- great areas but they are covered by other companies that we have so much we want to do, animation, series, we have done

plus we're going one-on-one with netflix co-founder reed hastings and jon karl. first, the sad stories that intersect. america careening from one crisis to the next crisis. failing to put out one fire as others erupt. this morning's "los angeles times" with a remarkable headline, california's climate apocalyp apocalypse. fire, heat, lugs, the calamity is no longer in the future, it is here now. that newspaper making no bones about it, making clear that climate change is the story. of course, the western wildfires are competing for air time with other crises, like america's political crisis. when you look at some of the things the president said at his rally last night, it is clear the country is in the throes of a political crisis. and the coronavirus catastrophe exacerbates all of these crises. take note of the date, september 13th, it's been six months since america shut down in an attempt to stomp out the virus. it's been six months of this. six months of adapting to new ways of working, living, socializing, coping, grieving, new ways of giving birth and new w

netflix down, and reed hastings discussed the volatility on "squawk box" this morning. >> well, fromery softbank sort of driven i'm not shush, but i have really focused very well on the things i can't control, such as the markets and focus almost entirely on our employees, our customers, our series, our films that's again an area i can have some -- >> do you buy stocks >> index fund investor for at least a decade. >> that's it >> there's netflix and passive i'm very barbell >> that's very reed hastings >>> mark zuckerberg taking a dig at apple and app stores on hbo last night, saying it deserves scrutiny. >> is the apple app store a monopoly >> well, i certainly think that they have -- they have the unilateral control of what gets on the phones in terms of apps i think it's about 50% of americans that have smartphones, and around the world there's more than a billion apple devices. so i do think there are questions that people should be looking into about that control of the app store >> this, of course, comes as the conflict between apple and the companies that distribute their app

reed hastings has been talking to the wall street journal and says his workforce will be back in theice as soon they can be vaccinated. debating ideas is more difficult when people are working from home. he said he doesn't see anany posisitive of not beenen able tt together in person, particularly internationally. he's been impressed by sacrcrifices. netflix was one of the big owners of the pandemic as they had record subscriptions. anchor:: thank you. thank you very much. it is time for a quick break. i am back in just a few moments with some more world news. stay tuned france 24. -- two france 24. to frae 24. >> fake news. job is to24, our provide you with information that has been verified. we check sources and facts. we sort what i is true f from wt is fake. verify videos circulating online. if they are fake, we let you know and tell you how we spotted them. viral stories to shake out the truth from the trash. day, we scour social networks to find f fake newews t migration. news based on, facts. >> [speaking foreign l language] >> the lasememperor ofof ethiopa considered the blac

and netflix founder and ceo reed hastings and author the erin meyer. for more schedule information,

at 930 and her book no rules rules netflix in the culture reinvention, netflix founder and ceo reed hastings and aaron meyer talk about the unorthodox workplace culture behind the largest tech companies in the world. and on sunday at 9 9:00 p.m. eastern, chris murphy looks at the origins of violence and firearms in america's history and the role that they play in society in his book the violence inside us, he is interviewed by thomas, author and criminal justice senior fellow. watch book tv this weekend on c-span2 and be sure to watch the all virtual 2020 national book festival live mexican at 7:00 p.m. eastern on booktv ♪ ♪ >> sunday at 7:00 p.m. eastern alive discussion with put some prize-winning author bob woodward on his book rage which looks at president trump national and foreign policy decisions, watch book tv on c-span2. up next eight department officials testify about the firing of the inspector general steve linick and secretary of state mike pompeo role in the matter the foreign affairs committee issued by your congressman o elliott angle. >> the committee on foreign affairs will

we talk with reed hastings, co-founder and ceo of netflix about his new book "no rules rules."t's "cbs this morning" this tuesday. thanks for watching. new book "no rules rules." that's "cbs this morning" this dues. thanks for watching.

and netflix founder and ceo reed hastings and author the erin meyer. for more schedule information, consult your cable guide or visit booktv.org. now we kick off the weekend on how conservative principles can tackle today's political issues. >> good evening and welcome, i'm elisabeth, and i am joined by author rick tyler who is the author of "still right: an immigrant-loving, hybrid-driving, composting american makes the case for conservativism." he is joined by john clark. good evening, gentlemen. welcome to gibson's. >> thank you, elisabeth. thanks for having me. it's an honor to be with one of america's greatest independent bookstores. >> thank you for saying that, first of all. i will mention this book is available from gibson's. we do happily ship books all over the country, all over the world, or if you are local, we do offer in-store browsing and curbside pick-up right now. tell me a little bit about this book, rick. >> so i knew i wanted to write a book, i always wanted to write a book, and i had lots of ideas, but i had to have the first book,

. ♪ ♪ jack: jack, you sat down with the ceo and founder of netflix, reed hastings, to talk about radicalo not mind being interviewed in order to promote the book, and i pretended to be interested in the book in order to get ther interview. that's part of the radical candor that he endorses in chapter two of the book, so i was paying attention. [laughter] i learned a few things from my chat with him. he views hbo max and streaming as really the nearest, the most similar competitor, not disney plus. he also views companies like tiktok and the video game fortnite as competitors. he thinks movie theaters can survive long term but they don't need these exclusive windows for movies, that people will just go to them because they're unique venues. i've got more of his thoughts in my street wise column this week, barron's magazine. jack: and you've been concerned about netflix taking on so much debt to build that library of content, but they seem to be doing okay. >> this year, actually, the spending has been cut down by the pandemic, so it's kind of helping the free cash flow. jack: interesting.

at 9:30 in their book no rules, netflix of the culture of reinvention, netflix founder and ceo reed hastings and aaron meyer talk about the unorthodox workplace culture one of the largest tech companies in the world. sunday at 9 am eastern on "after words" connecticut democratic senator chris murphy looks at the origins of violence and firearms in america's history and the role they play in the violence inside us. he's interviewed by the author of criminal justice senior fellow, watch booktv on c-span2. live next weekend at 7:00 pm eastern on booktv. >> with the ongoing global pandemic at many schools shifting to online learning c-span's student cam competition provides students with a platform to engage in a national conversation connecting middle and high school students to provide a documentary exploring issues they most want the president and new congress to address in 2021. the framers of the constitution, including those who commit crimes, events every day, issues of equality. it needs reform. >> when you are given opportunity and skill to become informed voters and engaged citizens re

ceo reed hastings says he doesn't expect workers at the los gatos company to return to the office untilthe majority are advantage vaccinated. he says that he hasn't seen any positives from people working from home. he says not being able to get together in person particularly internationally is a pureo buil a better bay area is focusing on how workplaces are changing because of the pandemic. on the peninsula, a tech company is trying to make remote work a little more pleasant. they have 120 employees working from home right now. six months ago, workboard launched a surprise to keep then each week each workboard employee gets flowers delivered to their home as a thank you. one worker says his wife, who is a teacher doing remote learning, really appreciates chur too. >> there is always a cheer in the house and my wife keeps the flowers right next to her so her class gets to see them. >> and this weekly delivery costs about ten bucks a person. workboard ceo says that the joy that it is spreading is well worth it. agreed. >>> we sn a whole perspective on our universe thanks to an amazing ne

. ♪ tonight on the communicators, netflix founder and ceo reed hastings and business professor aaroner discussed the eyerthodox -- erin m discussed their unorthodox business culture. what you thinkdo is right. you cannot be trying to please your boss, me. you have to fight for the benefit of the company. do not seek to please your boss, seek to please the customers and grow the company. we want people to actively think independently, not just implement their boss's wishes. >> watch the communicators tonight on c-span2. former vice president joe biden and president trump are debate tuesday, september 29. week, sleepy joe proudly accepted the door cement portlando-criminal district attorney. >> he lied to the american people. he knowingly lied about the threat imposed it to the country for months. he had the information. while this deadly disease ripped through our nation, he failed to do his job on purpose. theatch live coverage of first presidential debate tuesday, september 29 on c-span at 9:00 p.m. eastern. c-span.org/debates. quickly find all past presidential and vice presidentia

. >> monday night on the communicators, netflix founder and ceo reed hastings, and business professoraron meyer, discussed the unorthodox workplace culture behind one of the largest tech companies in the world in their book, "no rules rules: netflix and the culture of reinvention." >> you have to do what you think is right to help the customers and the company. you can't be trying to please your boss, me. you're not allowed to let me drive the bus off the cliff. you have to fight for the benefit of the company. and in general, we say don't seek to please your boss. seek to please the customers and to grow the company. so, we want people to actively think independently, not just to implement their boss's wishes. >> watch the communicators on monday night on c-span2. on journal" continues. host: joining us from his home in northern virginia is rick tyler. nbc political analyst and out with a new book, an immigrant-loving, hybrid-driving american ask the case for conservatism. thank you for being with us. guest: it is an honor. host: what is the message in the book? guest:

. >> host: reed hastings and erin meyer are the co-authors of this new book, no rules rule.ix and the culture of reinvention. mr. hastings is also the ceo of netflix. mr. hastings, what is netflix and what do you do?

aaron meyer and reed hastings are the co-authors. ♪ >> you are watching c-span, your unfiltered viewf government. created by america's cable television companies as a public service and brought to you today by your television provider. a remembrance ceremony was held in shanksville, pennsylvania, to mark the 19th anniversary of the september 11, 2001 terrorist attacks. president trump paid tribute to the passengers and crew of flight 93, remembering their heroism and bravery for preventing an attack on washington, d.c. >> good morning and welcome to flight 93 national memorial. my name is stephen clark and i have the honor of serving as the superintendent at this very special place. the national park service is honored and deeply humbled to serve as the steward of this 2200 acre memorial dedicated in the memory of 40 amazing heroes. on this day 19 years ago, the passengers and crew members of flight 93 bonded together and prevented their hijacked airplane from reaching its intended target. washington, d.c., a mere 18 minutes flying time from this sacred ground behind me. which, today

a is one of those companies remotelyeople work reed hastings has talked about he wants people to comeack to the office as soon as possible. he just think people are more productive in the office. what is your take on that? shishir: i think it differs by company. leaned rightave into that distribute it culture from the start. for us, it was very natural. we shifted toward working from home. about 10 or 15% of coda employees who have physically moved their homes to other places. i think for us, that is here to stay and for a lot more companies, that will be here to stay. thank shishir mehrotra you so much for joining us. we will be following every tick and tock of this tiktok story. coming up, similar to microsoft excel and google sheets but potentially better. that is what airtable claims to be. we will speak to the ceo. this is bloomberg. ♪ no codeir table, a approach spreadsheets, bringing its valuation to 2.5 billion. the company has more than doubled its valuation in the last two years. joining us now for more is the liu.f airtable, howie i believe you are on the show last when you

that was netflix cofounder reed hastings and you will hear more from the man behind netflix tomorrow.avid rubenstein in the latest episode of the david rubenstein show. in the united states, congressional leaders are hardening their stance on fiscal stimulus. mitch mcconnell introduced a proposal for a slimmed-down package expected to cost between $500 billion and $700 billion. that is a far cry from the two point $2 trillion of relief democrats want. meager they have is so it insults the intelligence of the american people. it does not solve the problem. we know we have to compromise. we know we have to negotiate to reach an agreement. we all want an agreement. make no mistake. but get real, mitch mcconnell. fidelity --bby anna fabiana from robeco is still with us. she mentioned how fed leaders signaled fiscal relief is needed. do you think fiscal relief in the united states -- or without fiscal relief that the economic recovery we have seen will be halted? fabiana: we do need fiscal relief. we need this package to come out. the market need this package to come out. we have seen demo

netflix ceo reed hastings talking about the changing world of business.ow. >> good morning, everybody welcome to "squawk box" on cnbc. we are watching the markets this morning. if you were paying attention yesterday or any time over the trading sessions there has been a big sell-off led by technology. you see things have turned around for the moment. you are looking at dow futures indicated up 230 points. nasdaq indicated up 215 points that's a big deal. it was a big downward decline. it was a reversal of what we've seen as things really heated up. the s&p 500 is indicated up about 36 points. if you were watching this, check out some of these numbers. something brian sullivan was just talking about the nasdaq composite has gone from record high to correction 0 territory in just three trading sessions after one and a quarter decline on friday and 5% decline on thursday

i just interviewed reed hastings who said if he has anything to say about it, people will come back tohey can because he believes people can be as productive. i wonder if you think this work from home trend will be a net positive for silicon valley or if it could backfire? reid: i think it will be a net positive but there will be some challenges. some organizations will reset. it works well. i think he's fundamentally right. need's a lot of people who the office in order to work. creativitylly proven and problem-solving within the work context -- once you start having a workplace, all the studies show this a real impulse for everyone to be there because who gets promoted tends to be who has facetime, who has permission to do the thing, in the office. the same pressure and trend to get back to that. emily: your job is to try to predict the future. where are we in a year? are we talking about these same things? are we have this in five years? what is your time horizon? reid: i think the economic impacts, the other kinds of impacts will have persistent, multiyear work through periods. i t

so, we even, reed hastings whose benefited from working at home says we've got to get back to work. >> exactly. there's been a number of studies done all right that show person- to-person contact not only amongst adults but especially among school children which is why here in florida they are making a big push to open the schools. there's so many physical and psychological effects, so hast ings is on to something and i think also, you know, david, when people are together, they feel better, they work actually more productively and they make more money, which of course, benefits hastings in the long run the more money you have to spend the more you're willing to indulge in stuff like netflix, but you know, none of this gets solved of course, you started off on the topic, those 160 companies wants deblasio the very first responsibility of government is to protect its citizens. if you don't feel you're safe to go into work or as kat said even walk down the street you're sending new york city into a death spiral. david: and of course it's not just new york city. there are a lot of cities

monday night, netflix founder and ceo reed hastings and business professor aaron meyer discussed the unorthodox workplace culture around one of the one -- biggest tech companies in the world. to do what you think is right to help the customers and the company+ you cannot be trying to please your boss. you are not allowed to let me drive the bus off the cliff. you have to fight for the better of the company. don't seek to please your boss. seek to please the customers and grow the company. we want people to think independently. not just to implement their bosses wishes. >> watch monday night at 8:00 eastern on c-span two. dr. robert redfield discussed the coronavirus pandemic at a virtual event hosted by research america. he talked about vaccine trials, the impact on minority communities, and in -- issues with politicizing the cdc. this is 30 minutes. -- about a vaccine pfizer said it was on track for a government review in early october. moderna had talked about a phase three trial in september. astrazeneca before this is in phase three.

netflix ceo reed hastings, that's who. but he doesn't have the guts to come on camera to defend this. because he can't. so, like a coward he just put out a press statement defending this garbage. netflix saying it's about the pressure young girls face on social media and from society more generally growing up. we would encourage anyone who cares about these important issues to watch the movie. nice try. but what about the other prominent people affiliated wit netflix? like susan rice, obama's former national security adviser. she's paid handsomely to sit on the board of netflix. and what about the obama's? they are deal with netflix is reportedly worth $50 million. michelle prides herself on efforts to help promote girl power worldwide. >> the last thing i want to say to all girls is that be supportive of each other. we have to be our best friends, each other, that means we can't be catty, we cannot compete and see one person's failure as our success. we can all rise together. >> more words. but given the cachet the obama