Skip to main content

tv   Bloomberg Business Week  Bloomberg  December 16, 2017 8:00am-9:00am EST

8:00 am
>> welcome to bloomberg business week. >> we're here inside the headquarters in new york. how to rebuild puerto rico? saying orth carolina is bit coin is not a bubble. > and a philanthropist helping girls feel comfortable in their skin. >> that's all ahead on "business week." editor in with the chief of megan murphy. i want to start off with a story
8:01 am
politics. you have this wonderful map that takes a look at europe and the be nd that continues to gained by the radical right. >> we've really took an in depth trying to dissect the myth from reality about the trength of the far right in europe and across the democracies. because there is a feeling that has gotten lost a little by in the u.s. because the president and donald trump his agenda. there was a time when he beat the national frought and came to an election. lso what we saw in the netherlands which also beat a challenge from a far right leader that we've seen really of the far right in europe. that has proven not to be the case. desperate, i would very much stress desperate coalition genders across the parties they have stitched together broad support that is common in draws on that it immigration, law and order and need of sentiment.
8:02 am
in how very different they operate in their respective parts of europe. we said,no mistake, as we found data that support for views is extreme right the highest it's been in many years. so much opt teufpl ab europe right now. i think that election is like a shed as far as populism in europe. there was a lot of support for the national front there. the afd as well as germany, too. shocking results for these if they're not necessarily in power. but growth behind them is huge. it's such an important point, it's really hard for people who bi party system where republican or democrat or u.k., how much proportional representation which is the far more standard dynamic. shoots the let's take austria first. this was close to a far right
8:03 am
winning the vote. guess the challenge was with the green. it wasn't with a liberal. matchup. a that we see as a pattern that's repeated frequently. at poland where the issues are focused on poland. go up to northern europe where it is exploitation of the social welfare system. that a perception immigrants are changing the very fabric. what these are all knitted what i like to describe as a conception that fundamentalal nd values are being changed. underneath that changing economics of the country and how across wages still strong western europe. ow we see jobs, education in job. that leads to a feeling that it,ir society, the fabric of is starting to do great. > i'm very proud that we once again put the spotlight on puerto rico. this time i think it's about the
8:04 am
interaction not on with the lack of response from government, but how the private sector is more meeting the challenge. >> you talk about this. stories.ud of our really trying to get people to understand the human toll and of human challenge rebuilding puerto rico. one of the biggest challenges is this eople who have had devastation, the lack of nfrastructure, lack of a coordinated government response, we try to focus on those people are despite all that, trying to fight for what they believe is their puerto rico and their future. proud of it and we think, hopefully, it will educate people on the ground. it's a really important story. we've got more on what's ground from the reporter monthty real. >> when you go to puerto rico situation where when you get there, it threatens to overwhelm you with what they need. and with the desperation that you find.
8:05 am
before that hat really sets in though, you are inspiration.th you see all these stories of rebuilding their lives and their livelihoods. mix of t's this curious you see the needs that they have that are still there three later. still 40% of the energy grid is essentially offline. with e people coming up innovative ways to respond to the disaster and really pick again.lves up >> many acts of kindness. you play that out in your story. there's still d, a lack of power. running till a lack of water. there's still a lack of place for people to live. they still have an awful lot to terms of rebuilding puerto rico. they do. it goes beyond just the immediate needs, too. puerto rico is different than, for example, houston or florida where the other hurricanes hit
8:06 am
year because of its isolation. it was hard to get the immediate there.ces it was also financially isolated somewhat before. island that had serious economic troubles before the storm even hit. exasperated those and under scores them. for ten years before the storm, had ten straight years of economic recession. >> puerto rico has taken steps others to come in. ou talk ab the gringo transplants in your story. these are folks in the financial sector. doing a lot in the private industry, kind of helping puerto rico get back on its feet. talk to us about those gringo transplants. tried to2, puerto rico make the island into sort of a hedge en, especially for funds and investment fund capital, to attract encourage them to move to the island by giving them tax
8:07 am
breaks. they would pay no taxes on interest, on capital gains. a lot of people did take puerto rico up on that. the investors came to island and, as part of that deal, you have to live on the island. at least 183 ay days of the year, more than half of the year, in puerto rico. so you have this influx of people from the financial sector puerto rico. and they were there when the storm hit. you find them. i would go to the convention to all of in addition the people from fema and health and human service who would mill the recovery effort, you would see people from the rivate sector who were investors who had moved to puerto rico and who kind of the relief effort to see if they could help in any way. there was some creative ways were doing that. there is a group called the act
8:08 am
2022 society. that's named after the laws that were encouraged to attract investors to the island. they formed sort of a social ervices group there where they actually raised money and tried o kind of augment the efforts of the federal government in bringing aid to people. >> later in the program, a chef his thanksgiving feeding thousands of people in puerto rico. next, canada's oil capital. be pleased ran may at president trump's decision to realize jerusalem as israel's capital.
8:09 am
8:10 am
8:11 am
>> welcome back to bloomberg business week. online at find us businessweek.com and on our mobile app. politics section, president trump overturned decades of foreign policy by jerusalem as israel's capital. >> the announcement also played into the hands of the very country that donald trump is contain.o >> here's editor matthew phillips. >> we wanted to take this move of look at it in the context a bigger power struggle that's going on between the iranians saudis for kind of dominance over the middle east. right kind of your polar
8:12 am
now. and so if you look at how the shaped over the last couple years, you have the saudis on the same side as the have been for ey years and the israelis, too. n the other side you have the iranians and the russians and you can read a lot of this syria. if the message is, well, if you align yourself with the gonna give ey're israelis the whole game right off the bat. this plays very well into this and long game the iranians have been playing relatesthe saudis as it to palestine that, like, look, e're the true guardians of the best interest of the palestinians, not the saudis, who are aligned with the great the americans. >> the united states to take this stance. we've seen two prior presidents put off this move to shift the embassy as far as israel is concerned. surely, as a them,
8:13 am
neutral mediator in the region. >> sure. well, people will say, this completely stops whatever hopes we had of a peace process. raise questions about hat game say jared kushner is playing with the crown prince in saudi. that has been the lens through to see any sort of peace process. that kind of stops it in its tracks. the saudis ear aren't really keen on this. what we're trying to understand messaging the trump administration gave the saudis. we know tillerson, secretary of state, and mattis were not on board with this. of messaging -- >> do you think it came as a surprise to them? >> i can't say that. we don't have a report that suggests that. our reporting does suggest this as not a decision they were keen on. and the saudis, while they have not made official calls for there's a protests, lot of outrage in their press, you doing?t are
8:14 am
this gives the whole game to iran? this plays perfectly into the country donald trump said wants to an antagonizethe most. >> talk ab some of the push back and some of the violence we've seen. when you look at groups like in the region s and you look at the financial backing that we know exists as is concerned, it very much ties to the suggestion f leverage for iran in the region, which is what you were eluding to in the beginning. early days, there was a lot of calls for days of rage, right? in the first 48 hours or so, the response was relatively muted. lot of protests in beirut and the west bank. when you look over all of the of the ast, a lot protests have been fairly muted.
8:15 am
you're not seeing anything in egypt. jordan.ng anything in places where you are seeing hot spots are places where iran has influence. such as in beirut and hezbollah. lead kind of where we with this. it's interesting to see the arab worldin how the is responding to this and how through are responding their proxies hezbollah and hamas. economic section, talk to people in calgary and they'll tell you their oil is a shell of calgary to ing retool. >> in the 1990s energy was half of the kphreu. it's about 30% now. they know this is a problem. trying to deal with this for years. this certainly has put impetus the government's efforts to do something about it. >> just give us a sense then of happened. we all know the big oil players
8:16 am
to retrench. talk about the impact on the terms of unemployment levels, the drop in income levels as well as as a result of this. it changed the economy dramatically. at one point unemployment down to 7.3. above the point national average. i think more stark is if you incomes which have been quite high because this industry pays good salaries on the main, it was for than drop in median income 2015.en 2014 and >> when an economy go through these downturns, people get used with less, with fewer people. so even though prices are now at touched 30.ey now they're up to 60, we're not eeing the same number of jobs coming back to energy.
8:17 am
>> they're staying lean. like's also causing a city calgary. they've been trying to figure ut how to retool the city so they're not so reliant on one industry. they're making success and progress. >> i think they have retracted some names. also what they're doing, they're sectors where they already have a foot hold, rather industries create from scratch. they're going after businesses there. opened a fulfillment center there, so that's 750 jobs there. that.y use now they're competing, they're one of the many cities in north competing for the amazon headquarters. about it.en kcreative they plastered in seattle a building with a banner ad that we'd fight a bear for you, amazon. there's also an airline already in the space called west jet. hey want to start a low cost carrier.
8:18 am
o several canadian cities bid for that project and calgary ended up getting it. >> talk to us about the mayor. been in power since 2010. e's been promoting strong diversification in established businesses, whether it's ransportation, looking for the other strengths that calgary has here. she was a when student in college, he was sort of watching these iversification efforts, not knowing that one day he would be this.uy trying to push and he talked about like we need shock absorbers. saying it's not that we want to ust basically move the whole energy industry out of calgary, but we need to diversify to have more engines firing, let's say. > up next, determining exactly how much bit coin north korea may have and what it plans to do with it. plus the legal showdown over
8:19 am
getting high in harvard square. >> this is bloomberg business news.
8:20 am
8:21 am
>> welcome back to bloomberg business week. you can also listen to us on radio. fm in in boston, 99.1 960.ington, d.c. and am >> in london and asia. section, northce korea has been haggling its way into bit coin. > researchers are trying to figure out what the country plans to do with the currency. let's say you're in the bit coin industry and you get an cfo opening.says, attachment. for a fast growing london based
8:22 am
coin company. >> sounds awesome. this says it up and it was created in a version that was earlier. enable the the content. you get to be cfo, manage the on the trading strategy. awesome company. company. a tech cool young people, foosball. sounds like school. >> but, in fact, what you've job by opening that fake description is infect your computer with malware that's by north koreans. we know that for a fact. his is according to secure works, one of the threat intelligence companies. swat ave sort of like an team who look at the latest threats. they've been tracking north interest in bit coin for awhile. >> let's do that. awhile.lk about for this goes back to various viruss
8:23 am
and so on. ell us about what secure works has found out in terms of north korean hackers specifically. they first saw some north korean interest in bit they ack in 2013 where were able to track -- this was basically a failure of security. they were able to see that hackers from north korea were into sort of under ground forums like bit coin forums research to sort of understand what is bit coin? >> right. it might betand how useful. for a country like north korea, sanctions een facing for a very long time and had been trying to make money and sanctions and e bring revenue in, it's an interesting tool. >> all right. raising my hand for folks on radio. north korea limits its access to the internet. so who's getting that access, right? don't they? yes, they do. >> what is bit coin?
8:24 am
>> right. indications are that they have a lot of -- they have hacking teams overseas. so they have hacking teams -- this is according to other a different cyber security firm called recorded future. very interesting trove of data that shows them elite that are able to access the full internet within north korea. that would be the military political elite, the top echelons of society. ut then it also showed indicators that they have teams overseas in countries who would be able to also do this kind of work on bit coin. the business section across the united states, legal marijuana entrepreneurs are push back from neighbors. > healthy farms is a medical marijuana dispensary company in massachusetts. currently have one dispensary open in georgetown
8:25 am
massachusetts, and they are to open a second ispensary in harvard square in cambridge. >> an everybody's okay with it, right? > well, the state of massachusetts actually voted to legalize recreational marijuana november. by all account, people are all for it. this is specifically a medical one. the city of cambridge, different municipalitys can decide whether cannabis ey want businesses active in their town. cambridge voted that they were it. with and the city council voted in favor of the location. healthy farms sounds like a lovely name for a company, but all the neighbors are feeling so healthy about this. healthy farms just got a lawsuit. talk to us about that. correct. one neighbor in particular, rog danda. controlling partner of four different buildings in
8:26 am
harvard square. healthy farms and 18 other plaintiffs, saying taking part in a racketeering operation because in 're all coming together an effort to create a situation in which they can sell marijuana federally illegal drug. he's suing under rico, racketeering law. can sue for three times the damages incurred. million.ing for $81.2 >> oh my god. wait. talk ab rico. rico, it is k of usually used against organized mob. that's where we've seen this law into use. this is a very different way of it.lementing >> and expensive. >> and expensive. > this is the fourth time rico has been used against a cannabis business. founded was toas go after organized crime bosses. who don't necessarily get
8:27 am
their hands dirty but are part process in getting a crime done. people are using this because they're not only going after the dispensary owner or the person running the actual operation. going after the ancillary businesses that make it possible. going after the cannabis company can get a bank account. they're going after who ever mortgage.and or they're going after any sort of the project.n and then in addition, in order to make this, to make their this is that racketeering, they're actually even complaining against people the attorney general of massachusetts, saying that he is violating the constitution, in that the constitution says that federal law trumps state law. trying to say that it's okay to sell a product that's illegal under the federal regulations. up next, the historic
8:28 am
opportunity president trump has at the federal reserve. the electric trucks that will probably beat teslas to the market. >> this is bloomberg businessweek.
8:29 am
8:30 am
>> welcome back to bloomberg businessweek. against ahead, ensuring movie stars acting badly. and an inspiring guide on how to give back this holiday season. >> all that still ahead on bloomberg businessweek. >> we are back with bloomberg businessweek editor in chief. technology section. plenty more must reads but one
8:31 am
eli musk does , have a challenger. >> he does moving in what we big rigs market here in the u.s. >> you said that with such enthusiasm. >> i always wanted to be a trucker growing up. this is a space where there's a amount of investment. out their rolled electric truck and to much fanfare. young wn the road is a guy, 25 years old, who has also thor trucks his startup. he's only got 17 employees. funding it. but this is a space. it's interesting to look at what about with trucks, electric trucks they emit less, they're cleaner. cheaper. will be that's obviously the interest so many fleets are looking at because they cost less to run. they're also coupled with limitations. right now only has a 300 mile radius. there's challenges.
8:32 am
but, every time we've under elan, he continues to exceed expectations. money in this space and interest. it's interesting to see a rival has y close to home who high hopes of competing. >> i love this individual. young guy. comes from family businesses. were dealing with military, electronics and vineyard. >> yes. it' interesting. he's a guy who's come up through a different track but always route. the business he's self-funding this. has hired some marquis engineers places like from that. this is the kind of space where proto type y built a that's being driven around. t will be the case, particularly in the trucking space. just remember how high the job trucking is in terms of 26 states highest proportion market there is. still is. electric a force of vehicles as well as driverless
8:33 am
vehicles is immense. ut the investment and what you need to prove you have the tech and the street cred to do this well.tty neat as >> talk about his background. he's not an engineer, is he? the was he doing at vineyard? he converted their diesel trucks to working on vegetable oil. mean, this guy has got a knowledge of vehicles, engines well. >> absolutely. he's only 25. he said he spent summers growing military equipment for that part of their business. tours at night. >> but the battery power here is the critical thing. can -- that is going to be the big challenge. all know having driving cross country. that is what big fleets do. wants to pull over charging a vehicle. these have different demands consumer facing vehicles we've seen. hat will be the key, building infrastructure.
8:34 am
>> we've been snapping pictures new fen. fascinating. before president trump came in, he talked about remaking the fed. talked about how interest rate decisions were arbitrary, how the fed needs to be broken up. since then he's got some more opportunities coming up. chances, five governors only two years potentially. hether he chooses people who are more in line with the anti-fed policies as opposed to up is ple already put what's to watch. >> what comes next? here's peter coy. back and i looked over the course of the federal 1913.e going back to the transitions in leadership and how many presidents named of governors. it was a lot of work. that trump out is has potential to change the fed
8:35 am
more than a lot of his have.cessors >> why is he in that situation? is it just a case of older people retiring? why? why is there kind of the ability to do that? >> it's probably just coincidence. when people are getting old and want to move on. t's partly that he's deliberately choosing not to reappoint people. notable example is janet yellen. she had one term as chair and he to go with somebody else. admired her, liked her, but wanted to put his own stamp on the organization. > she was appointed by president obama. not unusual for a democratic president to appoint a fed chair republican be a president comes in, he keeps that fed chair. we've seen that. examples.ent reagan kept karl volker, who was and bill clinton kept alan greenspan, a republican. of bipartisantory at the fed which has always been
8:36 am
regarded as a semiindependent institution. >> we do know the president, then candidate donald trump on he campaign trail, he often talked about the fed. maybe we're not surprised that he wants to make his mark here. exactly. he said that janet yellen is hillary tical than clinton, at one point. though wall street has been quite reassured by his choices for the fed. seen them make some pretty crazy pick force cabinet posts it when it comes to the fed, seems as though he's been taking a middle of the road approach. that with jerome powell is a republican, but very centrist ort of a figure. worked at the bipartisan policy joined the fed and was an obama appointee. elevate him.sen to randall quarrels is wall street lawyer, comes on to the fed as
8:37 am
vice chair of supervision. now we have marvin goodfriend confirmed.n these are all kind of picks. they have a republican tinge to them, but they're nothing that's going to alarm people like, whoa, the fed's going crazy days. >> so far? > exactly, so far, trump has a history of making some pretty out of the box decisions. there is this residual fear among people that he could sort fed and to form the treat it sort of the way he's treated other parts of government, kind of blow things up. >> up next, how hollywood is trying to protect itself from bad actors. we'll tell you about the good actor in puerto rico on the line of a civilian led relief effort. this is bloomberg businessweek.
8:38 am
8:39 am
8:40 am
>> welcome back to bloomberg businessweek. >> focus on risk management cape town's mayor explains why she hates mondays. cape town, for about three years now, has had very low so , unusually low rain, they are confronting what they are calling a day zero
8:41 am
ituation, this is something across south africa, which is tapsthe potential that the might run dry. the dams are extremely low. get the when they'll reports. as much as they're really trying ery hard on implementing various measures to try to limit the usage, those monday reports been looking more ominous. >> day zero in cape town occurs months before the rain should begin. >> exactly. exactly. as they're heading into their season. it's summertime. >> trying to get my head around story business week did talking about cape town as a great place. a triple threat. they want people to come. things.e great then we have this water crisis that the city is facing. infrastructure's not there? is it climate change? is it multiple factors? the scientist that michael cohen our reporter in south a great job s done reporting on this cites
8:42 am
variables. climate change could be a factor and likely is a factor, on ell as increased demands the system. i mean, the increase demands explain the very very low rainfall. and they almost, they're quite baffled by it. it's sort of unheard of in cape town. the last time they might have like this a situation was well over 100 years ago. there's greater demand. tourist. it's summertime now. lot of locals are not there. tourists sort of come into the city at a time when local or other e away factor, things that close up in the summertime. michael ve heard from and others who reported on this is you're not really going to you'ree effects of it if traveling there as a tourist. it's really the people who live the city's ially poor. >> staying with the focus on
8:43 am
isk management, recent allegation of sexual misconduct and assault are forcing hollywood to rethink how it does business. >> here's our report. contacts to some of my in the film industry, we wanted to ask what are filmmakers and protect or g to cover themselves from the fallout of many of the we've seen hat happen, that have been in the headlines recently. that, andthey said was what we've been reporting is going lot of sort of through their policies, their insurance policy, trying to could cover w they things and realizing there isn't coverage really for something like this. example, in the case of sony's all the money in the the getty family when kevin spacey was sort of ropped from the film and they chose to reshoot it. those millions of dollars in probably sts, they would have to absorb. and there was no, you know, real
8:44 am
recovering that money. so while we don't know the ins haven't been able to get that from them, they publicly, whatted i understand is that finance trying to get a new form of insurance, like a insurance thatce is more worthy in the advertised world to apply to the film world. allegations against kevin spacey were years ago and at allegations.e just >> right. and that's the problem. of ink there are a lot insurers checks when or providers that guarantee the film will get completed or cover for that risk. if for various reasons the film might go off course. it's so hard to cover for something that could have could d decades ago, but really just now put your star out of business.
8:45 am
>> and that's the difference, right? hollywood, we know, has always been an industry that's had, industry ripe with its own issues. there have always been things that come up. it can different because go back in time in terms of things ho have done bad potentially. >> yeah. shift.cultural what has been sort of ignored turned to now is considered unacceptable and are actively looking into people's pasts. back to haunt them jobs.t them out of their philanthropy. section.e this >> here's chris rouser. > very popular chef, 30 restaurants across the u.s. after the hurricane in puerto rico, went down, just started
8:46 am
people. meals for started with a few hundred meals and then by now -- this was september 25th. by today, he's served at least 3 million meals to people. red cross, en the u.s. government were having trouble getting access to people, getting through the andreas ucture, joe say found a way to do it. >> it was important for him to everybody.meals to >> that's something we saw early on. he saw how traumatizing the storm was for people. their homes. they had no heat, no power. and to make people feel whole again, to make people feel aids a hot eal sitdown meal was important. he set up 20 kitchens around the country. he served 150,000 meals. >> how did he do it? chefs.as a network of he has 60 chefs that work with him in his world central kitchen, which is the nonprofit runs.e he basically found resources that were on the island of
8:47 am
puerto rico. food storage. convinced people who had food trucks to drive into rural areas and just set up kitchens there started cooking. he had 12,000 volunteers. story, it's not just a crisis response, but also rebuilding beyond the crisis response. some of those people who were owning food trucks, he convinced after hang around even he left. >> exactly. people didn't know what to do. it seemed impossible. do you know what you can do? you can help and stay. people did. it was a key part of his system.tion >> listen to what he did and continues to do. e's done it in many places around the world. is just start. begin to do something. of hat's the first lesson our philanthropy special. if you don't know what to do, just start. step.ake the first turlington's ssty mission to help protect people globe.the >> this is bloomberg businessweek.
8:48 am
8:49 am
8:50 am
>> welcome back to bloomberg businessweek. > you can listen to us on the radio on sirius xm channel 119 1130 in new york, in 1 in boston, 99.1 fm washington, d.c. and am 960 in the bay area. london and in asia on the bloomberg radio plus app. technology section, pack your bags and get ready for space tourism. is commercial ws flights will have way less training requirements than nasa clients.its wealthy musket.'s editor jeff >> soon as next year the billionaires companies, space x galactic and blue origin, are going to start
8:51 am
some 600 the range of people who escape earth's ravity to take by factor of scores in a given year, according to their early estimates. here is that we're at even civilians that asa and most of the space agencies have sent up into space for various missions in the past century, usually had to under go pretty vigorous extensive years of physical and psychological training. the federal government is less, to theore or commercial space flight companies to figure out just how prepared their astronauts need be. >> all right. >> that's extraordinary. joes who re regular have a lot of cash ready to go into space? variousut the prep that companies, private space companies are doing to get them ready? the most part, the company's chief medical officers eem to think, or at least they told our reporter that you can
8:52 am
pretty much, if you're an by with erson, get pretty minimal training, as little as a few days. besos this year jeff just teach ed to people put the belt on, that kind of thing. > don't worry about the g as you take off or coming and landing? tkp k to us about virgin galact galactic. what did he have to say about not only the physical pressure body, but the ur mental. for me, i think that's probably the more important. yeah. the big caveat that we heard vandelclerg, chief galactic, ficer at tkpwa while on the physical side, assume people will be okay, average person will be okay physically, as long as all are various -- if they approaching middle age, medical
8:53 am
issues are well understood and way he trolled is the put it, that the studies they've done showed pretty minimal at least reliable correlation between people psychological evaluations than likelihood of freaking out once it happens. it's tough to tell who will be strapped to a rocket in a go, i can't nutes handle this, i want to get off. at an amusement park. but that's a big thing to think about. from my understanding in the that virgin first 100 customer, they call them the founders, they are going through extensive medical screening. >> yes. pretty conservative as far as, you know, the kinds taking utions they're with first round folks. again, when he says sort of well controlled, d well that means they have to be very that you have le
8:54 am
to disclose absolutely everything so we can try and it.trol for >> let's get back to the special section.hilanthropy >> talking about christie turli turlington's mission for mothers. career. had a long she would donate to her friends charities. she finally realized, do you what? i'm a person that needs to get involved. i need to go deep. had a life lly threatening hemorrhage during one of her pregnancies. what an her cries to issue maternal health is in the united states and around the world. every mother counts, which has raised over $4 illion and has helped 600,000 people around the world. what they do, they do things as women to getting health facilities, transportation. they do medical training. supplies.de medical >> this is the second lesson of the giving section. just to feel connected to her cause.
8:55 am
she truly wanted to fight for something that she believed in well.derstood i think as >> it started as a public service campaign and then once learned more about it, she went more. her thing is, you've got to it, because bout once you get into it with both feet, there's no going back. you can't give up. she did learn so much by being involved in other organizations. that's also another good lesson. you participate and you learn things. >> she studied. she watched what other people were doing. learned what worked and what didn't work. as think for all of these well, it's tax advantage of giving as well as you said within the business. not just about giving necessarily. you can also offset that. double that. >> there are tons of ways. everyone should look at the section for advice. know there's a donor advice fund that has a huge tax advantage for you. to set up a trust that protects stuff for your heirs but can give money to good you're still alive.
8:56 am
there are options that are pretty easy. week game changer this can teach you ab giving. she started at a young age. ust watch this woman, this young girl. she's got a lot to do. 11.zoey is when she first started going to bullied.she was she was the darkest black skinned girl in her class. she went home and said, i don't to happen to anybody else. over time, she and her mom called zoe's any dolls. they make dolls with different skin colors. out to them reaches around the world, they'll send a doll to. hey sent out over 20,000 dolls so far. >> she also attracted the attention of nickelodeon. they've given her money and a grant. she's growing. been honored by nickelodeon. scholarship and money to grow the company. >> and her mother is managing it. just goes to show you, you don't
8:57 am
have to having lived life a lot. a great idea. something that happened to her personally. >> something simple. that's why i love her. to change the biggest game in the world. if you change the game for several thousand girls, who knows what that will mean. >> bloomberg businessweek is newsstands.n >> and pwhreuz businessweek and our mobile app. we said we are proud that we gained the spotlight on things. it dropped out of the headlines but they have a long recovery.to water, power, housing. then long term they need to think about what will be the of puerto rico going forward and what kind of industries they need to be in. still on this story. >> some great stories with huge hearts. chef who started cooking meals. 18 kitchens running at one point. other story i have to say, the race to space 2018 is the year. there?ou be >> i'd like to be there.
8:58 am
>> yes. keep saving. will. >> more bloomberg television begins now. cannot live without it.
8:59 am
so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi.
9:00 am
♪ david: what propelled you to want to join this company? brian: i always wanted to work for my dad. david: did he say you start at the bottom and work your way up, or did he say you could start at number two? brian: maybe that is what i wanted to happen. david: did anybody say is he ready to be president? brian: everybody, including myself. david: have you ever had problems with your cable? brian: sure. david: is it intimidating for the cable repairman to come to your house? >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journis

24 Views

info Stream Only

Uploaded by TV Archive on