Skip to main content

tv   Bloomberg Business Week  Bloomberg  October 22, 2017 4:00pm-5:00pm EDT

4:00 pm
carol: welcome to "bloomberg .carol: welcome to "bloomberg businessweek." julia: we are inside the magazine's headquarters in new york. carol: an exclusive interview. julia: the company whose robots are making everything and changing the world. carol: exercise, no sit-ups required. all of that and more on "bloomberg businessweek." ♪ carol: we are here with the editor-in-chief megan murphy. in the business section, we take a look at japanese
4:01 pm
manufacturers, long felt in all for their practices but those practices now in question. megan: a steel manufacturer has been showing to use falsified specifications and companies that they had -- products that they have shipped. the scandal has drawn up, this broader issue in recent years, going back to olympus. we have had these japanese companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. the backbone of the country. why are they being forced into these kinds of scandals? what is the pressure? answer is china.
4:02 pm
julia: for cost reasons but also for whistleblower laws. megan: every scandal at a japanese company when it breaks, we are familiar with the public apology and public humiliation, company officials bowing and being contrite. it is such a part of the culture that when you make a mistake you will not do it in your almost never heard from again. executives are pushed out and the whistleblower law is vetted to this because people feel more duty-bound. these types of scandals that we are seeing, takata, the airbags, are systemic in nature. the pressure for cost-cutting, pressure to compete in areas where facing pressure on their margins were they used to be a dominant player in china is beating them notably on the bottom level but increasingly on
4:03 pm
the top level as well. julia: made the point of the article that it was never about going to japan for products, you went for quality. if you cannot rely on either, it is an issue. megan: so many japanese manufacturers of consistently targeted behind her end of the market. -- manufacturers have consistently targeted to the end of the market. the article talks a lot about china eating away at the higher value products, japan is going to be under threat from all parts of the spectrum and that is a real problem given the economic problems with the greying labor force. julia: some of the challenges are a part of the global cover story from this week. you look at google and the chief has been at the helm for 10 -- 2
4:04 pm
years. megan: i cannot think of people who know him, who have gotten to grips with who he is as a man and a leader of this company simply because it has gone from one issue to another. as recently as this summer google was involved in this high profile controversy about this memo questioning women coders. we have fake news, issues with automation and ai, if tech companies are too big. we delve into that. carol: we got more from reporter mark bergen. mark: he is very calm and mild-mannered. all that you read about him is true. it has been an extremely stressful year.
4:05 pm
he has had to deal with unexpected events. he has not met the public scrutiny of mark zuckerberg from facebook. but he is thinner and looks more gray. julia: if we list what has happened since he was appointed two years ago, staff protests over the immigration ban standoffs with advertisers. concerns that these guys are too big and too powerful. what is the sense of that? is he concerned? mark: he certainly is and i have heard from outside partners and the company that google has been concerned with fake news. it has not hit them the same degree as facebook but it is a concern. youtube is bad for their business. a lot of advertisers have returned but there are some holding out. there is some disagreement that
4:06 pm
google has with ad agencies and clients about youtube and the state of youtube. the bigger concern, he is a product ceo, he was a product visionary, that google it was based on marshaling these products, the rise of amazon in the space. the that go home speakers have been surprisingly successful and they are going for google's home business. they are a search tool, using voice and ai in a way that no product has before. julia: what did he say about tackling that? mark: google has its own version of the home speaker a year-and-a-half after. he said that it is important because google is a perfectionist. they had a high bar for voice interaction. i think that some people in the
4:07 pm
company told me there were concerns about a backlash for privacy, that google would put a listening device in their home. it sounds like he was saying that he has been slow to deliver these products to make sure that they work to his satisfaction. julia: he had a real shocker with the example that they sent to reporters where they started recording and elon musk weighed in. mark: two separate products. the small speaker, they put a tap feature on it. the one that they said to reporters was without the tap. it is basically listening to you and your family without your knowledge. we pulled out. they were very apologetic. it did not look good. -- they pulled that. it did not look good.
4:08 pm
elon's concern was the eclipse, this tiny camera that shoots and stores photos. google has been working on this for a long time, headgear, similar to google glass. something that they thought was a privacy focused, discrete object, everybody knows that is a camera. you have criticism from somebody like elon, who is saying that google is one of the largest ai companies and they are not aware of the dangerous potential. carol: creating the cover model was the job of the creative director. this is the cover story. >> the story checks in with him two years after he took this enormous position. looks at what history with his role at how the company is doing under his leadership. julia: a very strange life.
4:09 pm
you used a picture of yourself? [applause] [laughter] >> we have the same tasting -- taste in glasses and facial hair. carol: tell me what was different this time around and what you went with coming up with the idea. >> it was coming up with an introduction. it was the first time the world was hearing about him. now we are at this point where they're hugely successful but facing a lot of criticism. there are political ramifications. so we tried to talk to him about those things. the difference between this and the first one is that the first one was more exuberant and this
4:10 pm
is more thoughtful. julia: the challenges have not stopped for this man in the two years he has been at the helm. the picture looks very soul searching. to me, it looks thoughtful. >> he is known as being, he is not this bombastic tech bro. he is more sensitive, more thoughtful, more of a caring man.l. carol: it is not a suit and tie, it is casual mode. >> much like bloomberg. carol: sometimes. [laughter] carol: up next, the guardians of the global economy discover they may have not been giving the best advice to small companies. julia: why italy is being so patient when it comes to dealing with the financial crisis. carol: this is "bloomberg businessweek." ♪
4:11 pm
4:12 pm
4:13 pm
♪ carol: welcome back to bloomberg businessweek. julia: you can also find us online at businessweek.com. carol: and on the mobile app. the economics section. julia: a harvard economist is challenging the way that we think about flexible exchange rates. >> i attended the meeting at the peterson institute and there was a fascinating paper by a harvard professor. she said among other things that flexible exchange rates are not as good as a lot of economists have assumed. now, so the idea is that if you have a currency, the dollar or anything else, you have to decide if you are going to peg it to another currency or let it flow in the exchange rate. traders like flow currencies. they are more fun. but sometimes they like fixed rates because they can attack them like the british pound. you do not believe the government is going to be able to maintain that peg.
4:14 pm
that it is overvalued, typically. you start selling them selling and eventually, sure enough, the government cannot support the peg. the currency goes into a freefall and you make a lot of money. julia: what was the argument for and against? >> the argument forgoes dr. back to milton friedman, the icon of 20th-century economics. eroded paper arguing in favor of -- he wrote a paper arguing in the favor of flexible exchange rates, which is kind of a good conservative policy. the government should step back and allow the free market to decide what things are worth. not only goods and services but international currency. carol: why is it important to have this discussion right now? >> as you said, the economy is
4:15 pm
doing well now. there is a danger that people will get in over their skis a little bit. get too optimistic, the money floods into emerging markets where risks are higher and they get an asset bubble. the idea would be, the idea of the people who are in favor of the flexibility is that if they are free-floating, the speculators will not have anything to attack. that the price will rise and it will look like less of a bargin to go in there. carol: in remarks, a look at italy's way of handling crises. julia: how they kick the can down the road. >> tourists in rome this summer may not have gotten the experience they were expecting. >> there was a huge crowd. -- drought. all of the land was parched. there was a threat of water shutoff switch reflected a problem in the aqueducts. rome is known for the aqueducts
4:16 pm
him but they are leaking 40%. they turned the pressure off people have a problem showering and that kind of thing if you lived on a hill. it was not just wrong, all over the country it felt like we are in another bad spot again. carol: bad spot again. sounds like it would be right for change but it sounds like there has been resistance to change. what is going on? >> it is interesting. italy had its moments. in america, there is trump, make america great again. there is no movement in italy. they had their moment with sidney berlusconi. they have gone through it. sidney berlusconi might come back, who knows, but they have gone through some of the choices the rest of the world is going through.
4:17 pm
carol: are markets concerned that the five-star market could sometime come to power? how important is this in terms of local government in rome? >> it is interesting. it is a national cascade for this insurgent party and the fact is there is trash piling up on the street. it was a test, can they actually run things, and a lot of voters are saying no. we have a seat at the table, but this insurgent party, does that mean you are going to get the trash collected? not in this case. carol: there have been a lot of referendums voted down, tax reform. constitutional reform. there has been pushed back. any kind of movement towards change, again, you see
4:18 pm
resistance. vernon: italian voters have been given this choice, let's change everything. slow it down. it is kind of a way of life, not just in modern times but in ancient history. gradeschool kids, they do not just learned about hannibal coming over the alps. they learn about the roman general, the concord door, the delay here, the one who won by doing nothing. just letting go and inks will work out your way. juliette: up next, the movement to get conservatives to vote with their pocket books. carol: what is at stake for the rest of the world. julia: this is "bloomberg businessweek." ♪
4:19 pm
4:20 pm
4:21 pm
♪ julia: welcome back to "bloomberg businessweek." carol: you can also listen to us on radio one sirius xm channel 119 and on a.m. 11 30 in new york, 1069 fm in boston, 91 fm in washington, d.c. and a a.m. 960 in the bay area. and in asia on the bloomberg radio plus app. julia: in the politics section. iraqi forces are pushing to retake kirquoq. an area rich in oil. carol: we talked to editor matthew phillips about what this means for the region and the world. matthew: the war against the islamic state is reaching an end. they have been ousted from strongholds recently. it has created a vacuum and brought old rivalries in disputes that have fractured this part of the world for generations, that's to before. it reminds us that the central government and baghdad and the kurds have been at each other
4:22 pm
for generations. that stopped for a couple of years when they have a common enemy to fight. now that the islamic state seems to be mirroring defeat, all of that has rushed back to the fore. we have forces from baghdad coming into kircuck and taking it back. carol: and it has kind of amped up in the last month or so, right? you had the kurds voting for statehood, overwhelmingly. >> that was the kurdish leader. he was aware that this was a finger in the eye to the leader and government in baghdad. it included this disputed territory of care cook. this goes back generations. they see it as kind of an ancestral home. the fact they included it in this referendum was kind of made no-go for the government in the
4:23 pm
death. that prompted them to get up there two weeks later and roll through with tanks. julia: history dictates the importance of the region to the kurds but there is a bigger strategic imperative to the central government. >> namely, oil. the oldest producing oil field in iraq. it produces about 10% of the country's total output of 4.5 million barrels a day. the kurds have seen it is a real financial lifeline for whatever hopes and dreams they have had for an independent state. and when isis rolled through in 2014 and pushed back iraqi forces from mosul, the fighters were able to grab the territory for the first time in generations. and they have held it and the oil that has been flowing has helped fill their coffers for a few years. but now we are back to this conversation we were having before isis came around which is
4:24 pm
whose oil is it at his are going to be some kind of revenue sharing agreement between the kurds and the central government. julia: another title fight is gearing up in the united states. carol: conservative republicans have found a way to score companies on how they are holding conservative social values. julia: supporting gay marriage or climate change. here's reporter jeff green. geoff: it is sort of the conservative answer to the shopping sites in the end pressure sites the left has had. color of change has been active on the left of their has not been something on the right. second vote is an opportunity for people to go on the web and get a sense if a company's conservative enough for your views or liberal enough for your videos. it goes both ways. but they rank sites from 1-5.
4:25 pm
1 being the least conservative and five being the most conservative. you can look at nonprofit groups and decide if i do not like the politics of this group, what is the alternative? especially groups not considered conservative, they will list alternatives in the ranking. julia: give me an example. apple is one, i'd assume. what is a five? >> the national rifle association. hobby lobby. they are 5's. if you go to apple, they say samsung might be a alternative that is less liberal. so there are alternatives you can consider. julia: is there an appeals process? >> they send a registered letter to the general council the ceo and give them an opportunity to basically dispute what they are finding. it is based on the contributions that companies make to political organizations so pretty much all you can do is the amount or purpose given.
4:26 pm
especially when it comes to planned parenthood, you will hear companies saying that is not accurate, we do not support abortion, we support this type of care. there are instances where people will respond and there have been changes made. julia: this is where our company stands on this issue, like immigration, abortion. all of the conservative values they are being ranked on. jeff: there are looking at what they are doing, not what they are saying. juliette: talk about who is behind this. because to me this is interesting. two figures we should know off the ground. >> david black have a company called ageist sciences. you may not have heard of the company but he pioneered a lot of the technology used to determine if athletes are cheating. he started out at vanderbilt and created a aid testing regimen to and from there built a huge company and sold it and 2014 which, depending upon who you
4:27 pm
ask on the couple is worth 25 minute dollars or more. those are sort of the political filings. his wife is congresswoman diane black who is chairman of the house rented committee so she is in a very powerful position right now and she is also running for governor of tennessee at the moment. >> why are they doing this? >> they are very conservative. david black was shopping and at the checkout they said, would you like to give one dollar to this organization and he said, yes. when they got in the parking lot, his wife said why did you do that, they support planned parenthood. he said, i did not know that. that is where second vote is
4:28 pm
going, you vote first with your vote and then with your wallet. julia: the world's biggest maker of robots pushes into china. carol: this is "bloomberg businessweek." ♪
4:29 pm
4:30 pm
julia: welcome back to "bloomberg businessweek." i'm julia chatterley. carol: still ahead in this issue, a profile of the most important manufacturing company in the world. julia: 3-d printing for rocket makers. carol: a quest for a pill to vaporize fat. julia: all of that ahead on "bloomberg businessweek." ♪ julia: many more must reads in "bloomberg businessweek." we are back with megan murphy.
4:31 pm
critical election coming up in japan this week. megan: another referendum on the prime minister. who is expected to win again. we are paring into looking at his economic record. it seems almost quaint to remember the three eras, what they were trying to do. drive-up inflation, we have discussed this many times. they have a greying labor force, a corporate sector that is under pressure from china, and a high percentage of men compared to women which has created the lack of wage growth. while he can point to an incredibly tight labor market, while he can report continued growth, wage growth has remained sluggish, and that has led to people not feeling as much of the good positive energy around him, around his party as we head
4:32 pm
into another crucial election. carol: the sum of that reporters remember is the recession. megan: the market is so tight they do not have the cushion to wrap up hiring. japan still has restrictions on foreign workers. they see it as some of their smartest and most capable drifting to tokyo so a lot of jobs outside of that struggle to compete, to generate high-paying jobs as well. it is a persistent problem we see not just in japan but everywhere. they are on the front lines as well. abe's on the front line where he is running on a track record of economic success. if you are sitting where we are now, his three arrows, they may not all of it but he has done better than expected. japanese families, are they feeling better about where they are in the world? i do not think that you can say
4:33 pm
the same. will still vote for him for another term. megan: they do not trust the other party. [laughter] megan: it is a political phenomenon. carol: let's talk about another story this week, looking at japan and china. there is a story about the japanese robotic giant. they are everywhere. megan: they are the company that is making everything. this is the next generation that we talk about as well. robots making robots that make robots. it is not just automation on one level, three levels removed. a huge portion of making robots that make the other robots that run the assembly line. it is amazing, right? we say they are a bit secretive, they are based on mount fuji. they have always been a big presence in the automotive industry. they make the machines that make iphone metal cases.
4:34 pm
now a huge part of the business is making robots for export to the chinese market and the robots that control chinese assembly lines that are helping china to automate as well. julia: big names that you would recognize like tesla. they are providing robots for amazon in their warehouses as well. a secretive company but there tentacles touch everywhere. megan: secretive, yet their robe rots -- there robots are bright yellow. the have a third of the total market. one of the most unbelievable statistics is that when we talk about china and automation, they -- we have to remember they were a laggard in terms of the number of jobs that were automated compared to germany or the u.s. in the past five years they have , made dramatic inroads. when china decides to go into something, it is a game changer.
4:35 pm
when they look at the amount of numbers of p are -- of pure robots exported to china, almost double the number we are talking about now. that number will be harder than any other company combined in five years or 10 years time. that is staggering, truly staggering. carol: in the story they talk about a joint venture. way back when. it sounded like a good thing. tell us about that. i wonder about fan and china are , they looking to somehow collaborate? it is that classic story where gm got fascinated with the robots. classic 1980's, where you saw movies about how robots with act. refine their technique. fanuc spotted this unbelievable opportunity.
4:36 pm
there are many competitors in this market as well. it is impossible to see where the trajectory will be. one thing that is hinted at in this story is another iteration of this, computers teaching robots to build robots. that is a.i. china is moving into artificial intelligence as well and never having human interaction is all -- because all of it will be done with machine learning. teaching robots were building of the things. four steps removed. carol: what does this mean for the global workforce? megan: in this story we talk about that in china, wages have not been threatened so far by the automation. lower paid robots have not so far. we do see that changing on higher sectors of the economy as well. when you talk to anybody, the
4:37 pm
head of google, the head of ibm, they will say we envision a future were robots and workers work together. i think there is no question that there is a huge existential tension that no one can , contemplate which is, where do the jobs go, where does the money go, where do the wages go? is this a race to the bottom? fanuc is dealing with this, not in a dystopian way. they are making the robots. carol: it is a great story. everyone should take a look at it. up next, giant printers making rockets. julia: the hunt for a pill to replace the treadmill. carol: this is "bloomberg businessweek." ♪ ♪
4:38 pm
4:39 pm
julia: welcome back to "bloomberg businessweek." i'm julia chatterley. carol: i'm carol massar. you can also find us online at
4:40 pm
bloomberg is this -- at businessweek.com. in the technology section, a startup is betting up on a new way to build rocket ships. julia: using 3-d printers. if they succeed, it could revolutionize the industry. here is ashlee vance. ashlee: they have a unique take on how you would build a rocket. typically, today rockets are made with traditional techniques like welding and there is a lot of manual labor. so relativity space, they've decided to make 3-d spaceships -- 3-d printers to make automated rocker cap -- rocket factory. julia: it has 18 foot 3-d printers. ashlee: it is pretty crazy. they have a factory in los angeles and i was the first reporter to visit it is an 18 , foot tall arm with a laser at the end of it. there is three of them that can work on something at the same time. typically in the rocket business, people have 3-d
4:41 pm
printed engines and smaller parts, but nobody has printed massive things like a 20 foot fuel tank or eventually the entire rockets. these robotic arms are able to 3-d print these entire pieces of -- out of aluminum. carol: how much success have a had? they are on a mission to build a rocket in less time and a lot less expensive. julia: way cheaper. carol: tell me what kind of progress they have had. ashlee: to be sure, if you are trying to build a rocket with 3-d printers along the way. the company started around the end of 2015, they have been going for a couple of years. they have three different to the dungeon and testfired it at a nasa facility in mississippi. i got to go and see this thing. it would be the second stage fuel tank on the rocket. i have been to a ton of factories and i have never seen something printed like that.
4:42 pm
they do not plan to launch until 2021 so they have time. to see if they can build a the whole body of the rocket. julia: there is fierce competition in the space. the first thing that i think of is spacex and elon musk. tell us about the twentysomething founders behind relativity as they have some pedigree as well. ashlee: he worked at jeff bezo'' space company. he was the guy that brought metal, 3-d printing to blue origin. jordan, who is the cto, he worked at spacex. he worked on engines, on spacex's capsules. they were there for a couple of years. they formed this company having , late-night chats about what they saw going wrong at both companies. even today, labor, whether at spacex or blue origin or government, accounts for 80% of
4:43 pm
the cost of building a rocket. they would have late-night chats and they decided this was the piece they could go after make -- to make rockets cheaper. carol: billionaires love space. you have got jeff bezos, elon musk, mark cuban. ashlee: this is the first time i have heard mark cuban do something like this. it was pretty easy for the founders to convince him. -- them. tim, the ceo sent mark an email , and a few minutes later mark said he was interested in what they were up two. -- to. relativity argued you can only do this if you have a clean slate approach. julia: market gets that there are other applications. it does not necessarily have to be a 3-d printing of a rocket. there could be other beneficial uses. ee: we were emailing
4:44 pm
back-and-forth, this is what he was excited about. not only rockets, these massive 3-d printers that nobody has done before. there is this idea that it can be used for manufacturing operations on earth. carol: i love this. to help colonize mars. elon sends a bunch of people there, they want to have 3-d printers that would make houses and factories and machines. they want to 3-d print a rocket so you can come back. julia: speaking of potential breakthroughs, in the features section. carol: a scientist who says he is close to creating an exercise pill, or should we say a no-exercise pill. here is editor jeff muskets. >> he has been a molecular energy pioneer for longer than i have been alive. in the 1980's, he discovered nuclear receptors, antenna would stick out from the center of a
4:45 pm
-- surface of a cells nucleus that can be flipped on and off by certain proteins activate certain results. in the 1990's, he figured out that there is a particular class of them called p pars that can be used to activate fat burning elements of that cell. what he was experimenting with in the early 2000's was a drug made by glaxosmithkline. trying to flip on the fat burning receptors in cells all at once. for the most part, when you exercise or are trying to burn fat, some of the receptors are on but not all of them. his idea was all at once, permanently, and see what happens. julia: and this compound. he was using that in mice, minimal exercise, great results.
4:46 pm
and word had got out. >> the mice in tests seem to show the benefits of long-term exercise without much exercise at all, both fat burn and muscle growth. evans was on the lecture circuit and was a teacher as well and , pretty soon found dozens or hundreds of people accosting him at public lectures, asking is it possible, this drug has been working, to do the kinds of things. julia: to help athletes, people with obesity issues. it would be a wonder drug if it , actually worked. he had not tested it on humans. effects, sense of side no data. >> not long after people started yelling at him on the street, pretty much, the glaxo folks pulled the drug because early
4:47 pm
results in mice found a tendency to grow tumors and cancer for reasons that in retrospect seem obvious. they have been flipping on all of the receptors permanently, supercharge muscle growth and fat burn but also too much cell production. julia: awful side effects. how come the anti-doping agency banned it? how did this get out? how are people using it? >> unfortunately, as folks in the sports world will tell you, a ban from the world sport agency is not necessarily going to discourage people. athletes who know that a substance has been banned as a performance-enhancing drugs are more likely to use it.
4:48 pm
evans helped to design the test that the world doping authority used to determine if people are using this banned substance. they banned five cyclists tested positive for it. carol: coming up, why the u.s. is lagging in spotting cyber threats. julia: a road trip across maine. carol: this is "bloomberg businessweek." ♪
4:49 pm
4:50 pm
♪ carol: welcome back to "bloomberg businessweek." i'm carol massar. julia: i'm julie chatterley. you can listen to us on the radio on sirius xm and on 1130 in new york. a.m. 1330 and 106 m in boston. 91 in washington, d.c. a.m. 960 in the bay area. carol: and in london and in asia on the bloomberg radio plus app. in the technology section.
4:51 pm
the equifax hack has taught a -- has offered a lot of lessons. julia: especially for watchdogs who need more money. carol: we spoke to our reporter. >> this is one of those areas where you might not have been paying attention that turns out to be important. there is something called vulnerabilities in software, you have heard about that. it can be scary. it lets hackers into your system. we heard about it with equifax. 145 million people with documents out the door. china has a national vulnerability reporting system as does the u.s. it helps companies keep track of the things that they have to do to stay safe. it is a big effort. the u.s. has it, china has it, japan has it the eu has , something, but not a lot of countries have it. there is this thing that those cyber threat intelligence and they use ai and mine data and
4:52 pm
they decided to look at the difference between china and the u.s. it turns out that the u.s. database includes vulnerabilities 20 days later than the chinese database. julia: it is not aware of them as quickly as the chinese? >> you do not end up in the official database were companies are going to look to get the gold standard information. that they use to scan their own networks, remediate, prioritize. they have to be put into the u.s. database? >> the u.s. database depends on the security vendors. technology companies finding the stuff and sort of submitting documentation. carol: the software makers have to say, hey, we have a problem, and it goes into the database. >> more or less. the fact that it is china is a little bit embarrassing, right,
4:53 pm
because -- and distressing because as we almost china has a -- as we all know, china has a huge hacking community. what could be easier? you only look at your own chinese language database. julia: who runs the database in the united states? dune: it is so complicated it will make your head spin. i do not know where to begin. there is a federally funded research center, a nonprofit, which has the catalog that they maintain. that feeds into something called the national vulnerability database which is under the commerce department. julia: for something so important. carol: it is so complicated in structure. what bothers me not only that we are behind china, when we think we are the latest and greatest, but that it is 20 days. 20 days in the world of a hacker is tremendous. that is a lot of time to play around.
4:54 pm
and cause trouble. julia: 24 hours is too much time. dune: particularly in equifax and the mining data, it was only three days ahead. the ability of hackers to exploit and go after data was immediate. three days, that is bad. carol: a lot of time. julia: i would assume that china would be more on the front foot. because as you said, they have a community of hackers. you have to wonder about the chinese government's involvement. the big brother capabilities are more sophisticated, less curtailed, constrained within the united states. dune: everything in china is more top-down. it is less commercialized. right? julia: the government controls this in china? dune: that is a government run vulnerability database. they do not control the hackers necessarily. they do not say that they do.
4:55 pm
the databases controlled by the government. julia: hacking threats bring stress and we have the perfect remedy in the pursuit section. through just as the on them leaves are falling. we spoke with chris. >> my dad is getting married or got married earlier this month. in honor of his wedding, i borrowed a porsche. it is one of the great convertible porsche is. it is very zippy and fun to drive so i went up to maine were i am from -- where i am from. where my dad lives. and i took on a little road trip. to try local beers and try restaurants. it was a really good time. carol: maine has been a popular destination, whether it is summer. there is something changing, more luxury tourism. >> it started with restaurants and the foodie culture, especially in portland. in the past couple of years, hotels have been coming.
4:56 pm
very upscale, contemporary not , the sort of old-school rustic hotels but the new ones that followed. so every stretch of luxury is in maine now. carol: if you are feeling -- thinking about a fall trapped to maine, what would you suggest to somebody who has a couple of days? >> what we did which is fun is to drive up the coast. you can drive up u.s. route one, start in kennebunk drive-through portland -- and drive through portland. there are a lot of places to stay. all of those towns are cute. there are other places in maine to drive. upstate, the kanga mangus highway is very pretty. if you want to great restaurants and see hotels, driving up one is the place to go. carol: and there are leaves all the way. >> leaves all the way, yes. carol: did all the driving? >> from the minute i met my dad, he took the keys.
4:57 pm
it was not a 50-50 split. >> i drove up from new york, and the car makes you feel like you are on a hot wheel tracks. you just want to zoom past cars all the way up. it was really fun. carol: "bloomberg businessweek" is available on newsstands now. julia: and online and on our mobile app. favorite story this week? carol: fanuc. a giant robot manufacturer. you find them in lots of factories. processing,al, food what is interesting as we talk about it being the most important manufacturing company. they makes mark -- they make smart phones. the private company, you do not hear a lot about it but our reporter got a lot about it. how about you? julia: to infinity and beyond, space. we love this story. a startup that is taking on space with 3-d printers. what this will mean to bring the cost down. to me, the interesting part,
4:58 pm
right now public investors , cannot get involved. but the private guys are all over this. carol: there are a lot of private guys in this industry. julia: more bloomberg television coming up now. ♪ ♪
4:59 pm
5:00 pm
mark: coming up on "bloomberg best," the stories that shaped the week in business around the world. an economic growth matter emerges from china's party congress. >> even though he is speaking about reforms, it will continue to be on china's terms. mark: political chaos reigns in spain is introduced to contain a -- as in madrid moves to contain a crisis. >> it is doing exactly what madrid told him not to do. mark: brexit talks continue to sputter while nafta negotiation simply stalled. >> we don't know exactly where they are going with this. mark: automation has arrived on wall street. a special bloomberg report explores the impact. >> some of the highest-paid jobs are increasingly under threat. mark: plus, conversa

7 Views

info Stream Only

Uploaded by TV Archive on