I'm Christopher Cruz about 70000 people downstream from a weakened dam in northwestern Puerto Rico are being evacuated to wrench will range from Hurricane Maria have put so much pressure on it that it may fail the island secretary of state Luis Corrado Rivera Marine says thousands of people have already gotten rich. Yesterday and the day before quote 2000 companies were uploaded every year and now these. Are all the oh yeah here is after and that's structural damage $3000000.00 people are still without power in Puerto Rico that's almost everyone on the island Maria is still a Category 3 storm and is expected to bring dangerous waves and strong rip currents to parts of the southeast u.s. Coast today as it moves away from the Bahamas and into open water meteorologist Karen Maginnis is tracking the storm closely to models are bringing it ever closer to the Outer Banks of North Carolina it has edged a little bit further towards the west each time we look at this model we see it coming closer and closer to the Eastern Seaboard President Trump none too pleased with Senator John McCain's announcement Friday that he will vote no on the latest Republican effort to pass a health care bill they gave me a list of 10 people that were absolute dollars These are 10 Republican senators now John McCain's John McCain's list. John McCain was not on the list so that was a totally unexpected thing terrible honestly terrible the president speaking in Huntsville Alabama last night he is continuing the criticism this morning on Twitter 6 tweets so far Trump said Senate majority leader Chuck Schumer quote sold John McCain a bill of goods sad I'm Christopher Cruz. A mix of all ascii a select quote agent with the true story. That could save you hundreds of dollars a year a woman named Linda just called her husband Ray has a $300000.00 group life insurance policy but he's changing jobs and can't take it with him well I shopped the many highly rated term life insurance companies we represent and found Ray who is $41.00 and takes medication to control his cholesterol a 10 year 500000 dollars policy for under $27.00 a month that's almost twice the coverage for less than half of what he had paid if select quote hasn't shopped for your life insurance you're probably paying too much for your free quote call 804456363804456363804456363 or go to select. Since 1985 we shop you save get full details on the example policy it's like commercials or price could vary depending on your health insurance company and other factors not available in all states. Star Trek Discovery will be beaming its premiere episode to network television frequencies but Federation Correspondent Mike Romita says if you live in the United States you'll have to pay to see the rest of the series c.b.s. Television will premiere Star Trek Discovery tomorrow at 8 30 pm but it could be delayed by football the network is hoping the exposure will drive people to c.b.s. All access it's subscription streaming service that will air all subsequent discovery episodes c.b.s. Is banking on a significant percentage of Star Trek fans who sample the premier episode on network television to pay $599.00 a month for an online service that will allow them to see how the story ends Trekkies outside the United States will be able to watch Discovery on Netflix I'm like Remedios. Magnitude 3.5 earthquake has been detected near a nuclear test site in North Korea this morning by Christopher Cruz. And I'm Susanna Palmer in the Bloomberg 960 news room. Facebook c.e.o. Mark Zuckerberg intends to sell up to 75000000 Facebook shares in the coming 18 months this after Facebook scrapped plans to create a new class of shares following a lawsuit by shareholders that move would have let Zuckerberg keep voting control even while selling almost all his shares to fund his philanthropic plans yesterday Zuckerberg said he will sell shares without the new class of shares yes and p. 500 index had its 2nd weekly advance up about 110th of one percent with more on the trading weaker is Bloomberg Charlie tell it the s. And p. $500.00 index has been kerning in one of the tightest ranges in its history continuing an 8 day stretch without a move of more than 3 tenths of one percent central bank policy vied with continued geo political tension for investor attention this week the latter one on Friday after North Korea's foreign minister suggested the country could test a hydrogen bomb sparking Haven demand in New York Charlie public Bloomberg Radio people from Mill year with the matter say Softbank the majority owner of Sprint is willing to accept a stock for stock merger with t. Mobile us that value sprint at or near its current market price the people say Softbank may accept a deal that value sprint the 4th ranked u.s. Wireless carrier at about its $34000000000.00 market cap right wing commentator Milo Yan AAPL is says he is still planning to hold a free speech week at u.c. Berkeley despite reports that might be cancelled you know Apple has posted a message yesterday on Facebook saying contrary to press reports free speech week is not cancelled he said he plans to hold a news conference today to explain how the event will proceed it is set to start tomorrow Global News 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer who this is pulling Virg. News Bloomberg business. From Bloomberg Radio Hello I'm Carol master and I'm actually plenty ahead for you in this hour including a look at President Obama's transition from White House to Wall Street Plus why China is so over locked in to put the squeeze on North Korea but 1st we're on a path to hit about a 1000000000 people will it have a decision impacted by Watson in some way that's i.b.m. Chief executive officer Ginni Rometty speaking with Business Week Editor in Chief Megan Murphy at the Bloomberg sooner than you think summit they discussed among other things technological disruption and the future of i.b.m. Megan joins us now to talk a bit about what she learned from the c.e.o. So Meghan you sat down with the c.e.o. Of i.b.m. Ginni Rometty at a Bloomberg event what did you want to know from her this was such a fun interview and whatever I do interviews with people like we spent a lot of time watching and seeing what they've done the past and what I really wanted to grapple with was one there's 2 big tensions that are animating her career right now one is questions about their foray into artificial intelligence what they call cognitive computing and Watson and there's been a lot of speculation that this is the part of the business the nature drive Bigloo i.b.m. Forward right and that isn't delivering up to the hype that they put behind and the 2nd thing I really wanted to talk to her about is this tension between questions about Ai but questions about disruption in general and how i.b.m. Which is continually reinvented itself America's oldest tech company is in the constant process of reinvention reinventing that business and she's an apart in person reinvention she's come under fire for her performance at the company as as revenues have declined quarter over quarter after quarter and it's always important and to look at how she's also from a personal and a corporate responsibility in the credibly difficult times we face economic disruption obviously political disruption how she makes a choice about where to take i.b.m. Where it stands and where it really tries to make its point forward and I found that i.b.m. Was the stuff. Fascinating they've made a big bet on it they don't break it out so we don't really know how that business is doing we don't want and Jenny said in the interview quite specifically Watson is just where we want it now a lot of shareholders would disagree but here's the thing that was so fascinating and so personal about this interview Jeannie a lot of people don't know because when they look at someone like her who's the c.e.o. Of i.b.m. One of the most known female C.E.O.'s they think they almost look at these people I said to her they fully formed spring you know she's always message she's always passionate she had a tough upbringing her father left the family when she was young her mother had to really scramble She has 3 siblings they went on food stamps you know the entitlement program and how that shaped her and her career and not not letting it really define her and what is so interesting is her mother that had cancer so when she talks about Watson and she talks about Ai and that one of the biggest areas they've gone into is health care wasn't a 7000 employees just in health care alone this is very personal decision or many it is very personal to her that she believes Watson is helping doctors nurses health care providers make better decisions one thing she doesn't understand is why why are they facing such criticism for something that over time she believes in people at i.b.m. Believe will actually make the world a better place in terms of giving people better cancer diagnosis better day better access particularly developing countries right making it easier process it is a very personal thing for in fact the end of the interview she she chokes up a bit when talking about this is it a case that their message to Wall Street isn't understood I don't think it's a case that their message to Wall Street is understood I think it's that people look at Watson and think about it as almost an old school interpretation of what ai should be right or they get the Jeopardy thing exactly what they think there's too much what people say is that so their competitors Microsoft Google are so further and further advanced Watson is still very much subject to human input it needs to do the health care for it. Sample they have a human being at hospitals feeding in this information it takes a long time to do and it's still subject to human input and what people say is it is not achieving the kind of revenue growth that they've promised and that they've overhyped it and so under livered shareholders can make that argument investors can make that analysts can make that argument but when you're talking to someone who's on the front lines and going to hospitals and patients and seeing seeing what what is believed to be an improvement in how the health care system is run there's a disconnect there yeah you mentioned shareholders one of the biggest shareholders Warren Buffett has been invested in i.b.m. For a long time he's now not the biggest shareholder he took his stake down and the reason he took his takedown wasn't as much on Ai interesting Lee what he said at the time when he took his stake down was about cloud and that's the other big criticism of i.b.m. Right now is that when we look at the dominance that Amazon and Amazon Web Services has under Jeff Bezos has built and cloud in terms of providing infrastructure to companies that i.b.m. Again has been really slow to adopt that market that's a big criticism the company like it's a legitimate criticism of the company you know Amazon now has about 40 percent of that market Jeff Bezos will say I can't believe how much run time I was given and so therefore they're peddling to catch up on that day I will have to see if Watson can deliver but the other big issue is with i.b.m. Is there reinventing their own workforce they are really trying to up skill make they have hundreds of 1000 police you know to upscale and make sure that those workers are equipped for the jobs of tomorrow's i.b.m. And not yesterday's i.b.m. Is a big deal you also explored with the impact of artificial intelligence kind of on the workforce we're all kind of trying to figure out robots are they take over every job that's out there he talked about that with you specifically about what I call the dystopian future of Artemy. I'm talking about the dystopian nation as an optimist you know what she believes is that scene informed optimist Absolutely and I think that what was she was so on point on this issue because again I. I think she finds it frustrating that. Where she is that jobs that it's complementary man a machine will work together and will not work against each other you know again of course that's controversial particular in areas like the services center but what's so interesting is when you hear her talk about in the sectors it's going to disrupt we all think about health care we also but she talks at lot about financial services something so at the core for her and other industries that personally I feel that people aren't thinking enough about what parts of the job and the whole job infrastructure are going to be eliminated and that is decades away perhaps but whether that can be accelerated and hurt their line i.b.m. Is they are helping companies transition their own workforce making Thank you so much you're listening to be in Baghdad this week coming up President Obama's move from White House to the streets this is our. 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You were listening to Bloomberg Businessweek from Bloomberg Radio I did not run for office to be helping out a bunch of your faggot bankers on Wall Street during his 8 years in the White House President Barack Obama wasn't exactly popular on Wall Street privately some bankers still see the over disparaging comments he made and gripe over strict banking regulations Well now that he's out of office those same bankers are happy to hear what the former president has to say and pay him handsomely for it for this week's issue of Business Week Bloomberg Max Ableson wrote about the former president's transition from the White House to Wall Street so Max if we talk about President Obama and his relationship with Wall Street do we need to kind of break it into the White House era and the Post White House era Well the funny thing is you would think they'd be totally different things what I wrote about in my story is how he's you know now being paid a lot of money hundreds of thousands of dollars to speak to big Wall Street firms including for example Carlyle Group and you would think that that's really different because there's a sense that when he was in the White House he was. Sort of this antagonises enemy of Wall Street you know bankers complained to me and I'm sure to do you both about you know how hurt they were when he used the phrase fat cats they still they still talk about it so it sounds like there are these 2 different things on the one eye and it was coming off the financial crisis and the night was a meltdown Yeah there was a lot of stuff going right but on the other hand I think you can also sort of look at it as a sort of uniform thing I mean his Justice Department had a chance to try to put big bankers in jail and they certainly didn't do it the head of his Justice Warren essentially said that the big banks were too big to jail. And then although he created rules for the financial system rules that definitely irked the big banks he did not break them up when he could have so I think it's probably fair to say he was moderate who supported. Some corporate interests probably closer in other words Hillary Clinton than to Bernie Sanders which is why it's interesting that he's giving speeches now at the same time that Hillary Clinton is saying in her new book that she regrets doing it so I've had one bank you tell me that he mummified them in red tape so just to go back to your point that we have to talk about that. I think that that was certainly the song they saying for many many years you know that Obama was crippling the banking industry yes and I think that that was really a fake out I think that the banks went on to earn record profits and after the Dodd Frank Act They're bigger than ever they're larger than ever and I think you. Know that's that's not true I think the banks know that their lending is up and their profits are up and. It was disingenuous when the banks said that Obama was an enemy and I think that the fact that they're paying him hundreds of thousands of dollars goes to show that Max talk a bit about that I mean when you mention Carlyle Group in a couple of the folks who is he talking to and what is he talking about do we have any idea yeah sure sure sure so when I started reporting the story we knew about one of the. And that's Cantor Fitzgerald I think it was Charles Gasparino at Fox News who broke that story that he's going to be paid $4000.00 and go to Cantor Fitzgerald to the health care conference which when I spoke to his friends on Wall Street told me you know the fact that it's like a health care conference gives him a little bit of cover because he can at least say you know I signed a law that you know is still the law of the land although Congress is certainly working hard to change that on health care but of course the reality is a health care conference is that it's like health care bankers you know I was told that it's current clients of Cantor Fitzgerald or prospective clients of Cantor Fitzgerald I assume Actually I know he could be talking about the Affordable Care Act because Howard Lutnick told one of our awesome colleagues I mean to Gordon that and taking questions there's a 2nd client Northern Trust we know we broke that news and partially thanks to sources that led me to open Google and when I googled Obama Northern Trust 2 things came up one is a story from The Washington Post that said he got a deal a sweetheart deal on his Northern Trust mortgage this was a Washington Post story years ago and sort of became a minor issue in the 2012 campaign or 2008 maybe but then I found a p.d.f. That was a program that listed Obama at this Northern Trust event last month so that's how I knew for sure it happened even though I trusted my sources are ready we don't know what he talked about but it was probably more than just his very wealthy clients so I'm assuming it was something to do with maybe was managed to Hillary Clinton has said she regrets say what's different about Obama can we say Look Hillary Clinton clearly had future ambitions she made a presidential run a bombs had He's 10 he can't come back is that the difference here basically if you don't anticipate making a political comeback you're in the clear Well one good thing about having a really popular story and this one I think was like the most read story for Bloomberg for them for the month on the one hand he really proud I'm very proud my editor Robert treatment is proud to have a story that's read a lot the downside is that. Bull talk about it on Twitter and they go wild on what are they so on Twitter a lot of Obama fans were like Ok I did a deal here and speak right maybe a deal you deserve to get that money you know and on the one hand I think it is only fair if all the other ex presidents go to make that money I don't need to be fair we see this Amber when you were as it were George w. Bush said or I'm going to replenish the coffers that was a quote he still so influential because we've talked about this before is still pretty influential he can back someone people he can. Pick up the phone and get anybody to write he is in full and that's all right really good point and that's something we talk about in this story the idea that like he is not writing out into the sunset it may have felt like that for a couple months because he was like you know with Richard Branson on his private island but no Obama is one of the most influential voices in the Democratic Party he helped push the head of the d.n.c. That's Tom Perez it was going to be a more liberal candidate was winning and Obama if I'm remembering I think Obama actually got Tom Perez to run Ok but certainly supported him and then there's are distracting effort that Obama plays a really big role and that's really important the Democrats really want to avoid gerrymandering and push against it and Obama's really involvement so he's an influential voice in the party no doubt I mean it's just a reminder though of the cozy relationship I think between many politicians whether it's the president on down or members of Congress with Wall Street yet it's not just Obama and I think that the coziness is you know it's basically what I write about I write about the nexus of political and financial power and I spent a lot of my time writing about Donald Trump and Steve in the Newton and Wilbur Ross but it's important in mind it's not just Republicans who take advantage of Wall Street money it's Democrats including Hillary Clinton and Obama by the way this 3rd term we found out about we also broke this news was Carlisle And Carlos really powerful private equity from one of the biggest in the world and there are a whole business model is sort of taking advantage of Washington power players and . They you know who is it who works with them George h.w. Bush you know and you have people like his vice president who. You know that you. Thank you thank so much you're listening to Bloomberg Businessweek coming up like China is to pressure North Korea to. Adapt to us kids presents multiple choice parenting and you are bringing your daughter to a populace or a wear earplugs. The Sun. Just roll that. You don't have to be perfect to be a perfect parent you can let me just the same information on adoption visit adopt us kids dot org a message from the u.s. Department of Health and Human Services. Council what's next for the global economy Bloomberg spoke to the world's best and brightest from the Global Business. . Her. 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About $70000.00 people in the northwestern part of the battered Island are being evacuated because a dam has suffered structural damage and could collapse correspondent Nick Payton Walsh is on the island the flash flood warning for the whole island has been lifted but it's still very much in place 8000 people near the bottom pocket all to stay with no loss amounts of Mosul like this lying around back can put extra pressure on a structure like that about 90 minutes ago a 6.2 magnitude aftershock hit the southern state of walk a Mexico rolling through Mexico City causing some buildings to sway and people ran out of them the area was hit by a 7 point quake Tuesday the death toll is approaching 300 and the u.s. Geological Survey says a magnitude 3.5 earthquake has been detected in North Korea near a nuclear test site it's not clear if the quake is a result of a nuclear test or occurred naturally on Christopher Cruz and I'm Susanna Palmer in the Bloomberg $916.00 newsroom Facebook has scrapped plans to create a new class of shares the story on that from Bloomberg Charlie pellet it is a rare victory for outside investors in a battle for control of the world's largest social media company c.e.o. Mark Zuckerberg says he's prepared to fund his philanthropy without the move which was criticized in a class action lawsuit from shareholders Zuckerberg had been scheduled to testify in favor of the plan on Tuesday in New York Charlie public Bloomberg Radio add j.p. Morgan Chase to the list of lenders who are making a home in Poland Poland's government expects j.p. 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Wireless carrier at about its 30 $4000000000.00 market capitalization operating in the shadows of its flashy neighbor the East Bay housing market is playing a steady game of catch up with Selleck and valley Bloomberg Greg Jarrett has some numbers the median price of a single family home now exceeds $1000000.00 in a dozen East Bay cities and sales took a dramatic local leap this summer according to the Bay Area News Group pockets of affordability can still be found particularly in Contra Costa County Greg Gerrard 613.7 f.m. h t 2 Global News 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer and this is Bloomberg. You were listening to Bloomberg Businessweek from Bloomberg Radio I don't know if it has any impact but certainly it was nice to get a 15 to nothing vote but those sanctions are nothing compared to what ultimately will have to happen that's President Donald Trump discussing in the United Nations Security Council vote to step up sanctions on North Korea despite admonishing Kim Jong un's regime for its provocative actions China is the country's largest trading partner and main political ally has not gone as far as it could to put pressure on Pyongyang bin bags is with us to explain why that might be I love this story because it's a reminder that sanctions on one country have spillover effects to others talk about what's going on here well we wanted to capture some of the reasons that China may be loath to really clamp down on trade from North Korea even though they are obviously have leverage over that regime more than anybody else so we sent 2 reporters to visit some towns along the border. Or to capture what's going on there and they visited a town for example where there recently had been protests in response to just the seafood trade in hunch and which is very important and they went on this one street which they call seafood Street which is filled with retail shops and wholesalers and operations that do canning and things like that which have really been hard hit by just just the contraction expert in North Korean exports of seafood businesses close Yeah that's right people losing their jobs you know so and that's what people are saying exactly what you were what you were saying is like this has doesn't have an effect just don't North Korea it's hurting the Chinese people what is China and government officials doing about that. Well this is an area of the country that has been economically depressed for a while. Basically been collateral damage to China's drive to join the. They had it was a home to all of these heavy industries and part of China's Rust Belt and so there has been a lot of job loss. And you know and d. Investment that happened in the 1990 s. As the government withdraws withdrew support from state owned enterprises so in the last decade though it's been identified as a priority area to try to bring you know to spur growth and so there has been investment going in but it really we don't see many signs yet though that alternative industries are growing there you called it the Rust Belt the northeast it's part of their critical plan to try and we galvanize industry to say we shape and we form we've talked about China a lot this year is it being in the equivalent the u.s. a Given to 2016 they have been effectively in the full do you think it changes off to that because at the moment they're trying to ensure stability do you think the plan here changes because clearly having protests having businesses die as a result of the sanctions in North Korea is actually the last thing China needs this year in particular. Killa Well I think the Congress definitely has been a distraction and it's it's hard to tell what is going to come out I mean the broad expectation is that she will come out stronger now whether he uses that strength and will be healed by promoting his own people whether he uses that strength to press ahead with reforms or continue to strengthen his own power base that's an open question so we don't really know but I mean the anticipation is that there will be reforms happening in other areas the thing about the Rust Belt problem though is a problem that we face in the United States it is very hard to to see new industries into these areas I mean actually and I get Deming just came out with a report in China suggesting that what China should be doing is encouraging industries that are moving out of the Pearl River Delta because the wages there are going up so fast to relocate north but you know textiles isn't moving north it is moving to Vietnam underestimate how large this border is with North Korea it's a lot of these people saying what's the biggest fear for them is that the economic fallout of the sanctions and what they're seeing in terms of that the impact of sanctions or is it the fact that North Korea is potentially launching missiles to the United States and they could be some kind of response they don't seem very troubled by by the you know the idea that you know that they could be targeted I mean so they were slightly because they say you know regime isn't targeting in China and China supports the regime and it's true so far I mean we've seen no aggression directed towards China I mean Japan certainly South Korea the United States particularly But yes so there isn't there isn't that feeling very mean there's a concern though about how my going to eat today how is my family how my you know support my family well in the past so some of those pro provinces have ignored the directives from the Chinese government what changed. We talked to a lot of. People and and and the message was this time is different they feel like that they're that that officials are being more much more serious about you know about restricting trade I mean I think that really International China is more under pressure than ever Also it's not clear that it does enjoy that much leverage over North Korea anymore. You know. Even though they're important trading partners Yes but it's about it's own conduit direct contacts their regime have been and have you know that that relationship has actually been weakened there are certain people that were literally. Taken out of commission that were you know go betweens between Beijing and Pyongyang just in a thank you thank you you're listening to in that Business Week coming up if you see section is Bloomberg. The business of sports where the money is flowing in sports. Scouts are. Family Bill one of the most. Will feature the son of Robert Kraft the president of the newly rich soccer's New England Revolution business of sports. Bloomberg 63.7 to make to the Bloomberg Radio. Radio dot com. Bloomberg Radio was brought to you by sectors. By a single stock when you can invest in the entire sector visit sector s.p. D.r.s. Dot com or call 1866 sector e.t.f. Hyper focused hyper informative hyper influential Bloomberg Markets magazine inside and perspective on the people trends and strategies that shape the world's markets Kaiser amp or dot com slash and the following is a commercial message this segment is brought to you by Carbonite it sounds ironic but getting bigger is one of the biggest challenges any business can face as your organization grows needs change and that's especially true when it comes to t.v. Enter Carbonite offering complete data protection for your business while. 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Global News update a new threat this morning to Puerto Rico from Hurricane Maria about 70000 people in the northwestern part of the battered Island are being evacuated because a dam has suffered structural damage and could collapse correspondent Nick Payton Walsh is on the island to the flash flood warning for the whole island has been lifted but it's still very much in place 8000 people near the. Amounts of this lying around but extra pressure on a structure like that about 90 minutes ago a 6.2 magnitude aftershock hit the southern state of was a Mexico rolling through Mexico City causing some buildings to sway and people ran out of them the area was hit by a 7 point quake Tuesday the death toll is approaching 300 and the u.s. Geological Survey says a magnitude 3.5 earthquake has been detected in North Korea near a nuclear test site it's not clear if the quake is a result of a nuclear test or occurred naturally I'm Christopher Cruz. And you're listening to Bloomberg Businessweek from Bloomberg Radio. Everything was like a piece of a. Good beautiful interior of a conic design works I love it. Really well. It's time to take a look at Business Week's section and we're joined by and. I mean let's talk about . 3 times u.s. Chess champion defect I believe from the 1970 s. As well and now has got some pretty high profile clients here in the United States yes so there has always been a connection between chess and finance the kind of strategy that the game requires a lot of sort of high rolling finance guys Wall Street types have been interested in this game for a long time led Albert is kind of their guru and we found him so randomly our writer James term e was out in the Hamptons as he is and it was talking to somebody about we don't what's your hobby and he said chess and I take these lessons from the Sky Lab So James tracked him down and he turns out he's like super well known within these Wall Street circles for giving chess lessons to you know people like Carl Icahn Eliot Spitzer and others and he as you said he defected from the Soviet Union in the seventies and has since made a name for himself in the u.s. Is used as a chess champion but that was long ago and now he really stays home in his Upper East Side apartment which we visited and he gives just lessons to people and teaches them how to win and then they say that they can apply that to their own careers how how are they applying it to their career Well I mean the thing is if they can be very specific you know by learning how to play chess I've become better at my decision making Yeah I mean there's decision making There's decision making under duress and there's also just kind of the strategic thinking that just kind of makes your brain go that way. And so Lev is a really interesting character in terms of you know his life story and coming from the Soviet Union as a chess player there and coming here and he became kind of conservative political commentary very anti Soviet Union in the eighty's and ninety's and now he gives just lessons taken to people call icon was the name that you mentioned there in the story it says he simply wanted to be his son and when it got to the point where he he couldn't be his son that was well that's what he said and we don't actually know if funny because we didn't think that we would get him on the record for this kind of story ended up calling our writer and talking to him for half an hour about chess and about life but yes he did say that his son was really into it and so he wanted to get better so that he could beat him and when he and decided that he couldn't actually be to me he kind of gave up and one of the other themes that comes out in the article as well is that they like to play against a computer as well but a lot of people do losing is less painful exactly these are really competitive men and women who he's teaching another guy Doug Hirsch who runs a Seneca Capital who is the one who introduced Eliot Spitzer to let Albert actually you know he also talks about they're also deprecating he says listen I want to get better at chess but I'm still terrible at chess they all kind of say they're still terrible chess and I and I slowly doubt that but anyway it's a really interesting story and our writer got to visit him and talk to him for a long time about you know chess and finance and I think that it really hits on on Bloomberg pursuits reader's interest because it's kind of the event in the middle of the Venn diagram of everything our readers care about which is finance and hobbies and you know all that stuff but also Russia as well listening creasing really topical conversation and this is a person who defected in the 1970 s. He actually could have remained in Russia and been very wealthy he was he was very well known there and yet he chose to come to the United States he did I mean but that was back that way that well it's not like he's asserting that under Putin today you know he was he was out. Yes he is but he certainly does like to talk about politics still with his people so they sort of leave saying We talked about life we talked about politics and we talked about chess a little bit. And what about some of the other people that he spoke to as well Eliot Spitzer of course the former New York governor is another one Ted Field movie producer as well so we can make it about finance but actually it's about it's about a broader set of individuals here and I guess strategic thinkers and decision makers is to issue convoluted Yeah and that's who he attracts and that's who's attracted to him so it's like you know again will reading about his life and about how he's come to be is I think kind of part of the journey of the story and I'm so happy that we we got him on the record and we got all these people on the record talking about what an amazing teacher he is and he lives on the Upper East Side to see said he does and I kind of dingy apartment there and I go to him yeah they do many charged $150.00 I think an hour and most lessons are about 2 hours so it's $300.00 a pop which you know for a chess lesson is expensive but in the world that these people run in it's not that much money sense of you know it's just somewhere to escape to perhaps as well and to talk to and interesting character yeah speaking of great dinner party conversation because I think also we're saying that you do something like this is a great dinner party conversation talked about what's going on in the all world right now and I want to say socially conscious thought anti establishment all but I'd say it's probably protest stop better whatever the situation is yet we have a story that goes into the fall preview a lot of museum shows and this year not unexpectedly a lot of the themes that are running throughout are as you said protests start. And they're not necessarily about right now it's not art about Donald Trump it's not art about the political strife that's happening right now it's it's historical and up to the present day and you know we talked to the curator moment which I. The curator the Whitney both of which are running shows that kind of fit in with this theme sort of about how art is you know has always been about this and now it's just being showcased even more because it's what top of mind for the people who are going to see the shows getting behind the curve in some sense so they recognize that perhaps this is a at times a catch up in reflecting. Mood I would say that they would say they are not curved for sure Art has always been on the forefront of this of this of these kinds of political movements and I think to this day still is I mean people are grappling with the reality of the world right now and are creating things in real time as well these. If you're talking about things that the Arab Spring about the European debt crisis youth unemployment Breck's it what's going on in the United States as you mentioned it's come for balance between relevance. Not trying too hard and I somewhat I mean I don't have specific examples in mind of of shows that have kind of tried too hard to hit this theme and then seemed out of touch but hey we do have a quote saying that that has happened and I think probably will continue to happen you never know whether or not you're going to hit the right thing when you're curating the shows but I do think people are trying to to stay relevant and to show people that moves them and that is reflective of the now and the scope actually of the the all the periods that I covered here being take Liverpool over in the u.k. Surrealism in Egypt in the ninety's thirty's you mentioned obviously the Whitney American Indian human rights so we're going sort of incredibly wide scope medieval persecution after the fall of the Roman Empire and it's quite fascinating actually how this is as you say a kind of global theme but it's hitting many different areas Well exactly and it's not about as I said hitting it may be that what you're saying about trying too hard means you know someone who had to have a defaced picture in there you know this is more about. Process protesting political oppression throughout time a lot of these are as you said the the Tate show is about you know Egyptian artists that were you know trying to enact political and social change in the 1930 s. But of course all these themes you can see today and how they're kind of Bakken people are thinking about them again so that I mean art a lot of times does grapple with the past in order to or to sort of show you what's happening in the absolutely So that's that's. It's a nice round up and you know I think people should look through it and see where you know they live in their shows near them and they can see the appetite for it I think because well yeah driven by consumer given the global political environment right now as we've kind of touched on yet little bit lighter subject let's talk about caviar Kluger Queen which sounds highly Russian isn't no it isn't it's actually produced in China about 300 miles outside of Shanghai and it's in production I think it started in 2006 and since then has really taken off. High and chefs and restaurants and caviar stores it's quite expensive and. It what it does is doesn't really brag that it's from China because because people would be horrified Well horrified is a strong word but there have been a lot of. Scandals food quality scandals that have come out of China in recent years and so they're also they're trying to downplay that association so it's not like it broadcasts it on the container and they when they are serving in restaurants are not necessarily saying this is the best Chinese caviar that you can get but it really is delicious We tasted it and it's it's super successful it's growing and growing and they say that right now they're the largest producer of caviar in the world and a Chinese caviar exports will continue to grow. Oh because of overfishing in Russia Iran and so on the help of the sanctions I guess in Russia. I've got 3 words for you Aston Martin we call it finished without talking about it for the bargain price of $2600000.00 This is a crazy car and we have a very big picture of it in the magazines you should look at it it's beautiful it looks kind of like a Batman car but less angry you know it's kind of like a beauty it's crazy futuristic looking and as you said it's about 2 and a half 1000000 and there are already also doubt there's $150.00 of them that are being made so you can actually get one but the interesting thing about them is that each buyer has had this car fitted specifically to them because of how small the seats are and it's kind of like a race car so that you have to actually like measure the people that you're that are buying these cars and make it around their body thank you and that wraps up all of our business week Bloomberg Radio thanks so much for joining us everyone I'm Carl masseur and I'm Julia chastity you can get this week's edition all this is week on news stands now or you can subscribe to the magazine by going to our website at our dot com You can also download Business Week be back next week at the same time this is Bloomberg. 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