Transcripts For BLOOMBERG Bloomberg BusinessWeek 20161015 :

Transcripts For BLOOMBERG Bloomberg BusinessWeek 20161015

David we are with the editor in chief of business week, alan pollock. Carol this has to do with rocket internet, the wellknown incubator in early and that helped create that texting in berlin. It has ups and downs, more downs than ups. Ellen it is known for being the copycat incubator, so it looks like sap bastad, and they did in ipo couple years ago its like zappos. Com and they didnt ipo couple years ago. They have a site called nestpick, sort of an airbnb site for College Students and it has not taken off we behoved. Investors are not as happy with them as they have been at the time of the ipo. David a section of that old british communication company, they have installed fast connections in parts of the u. K. , but uses a handicapped by the fact that phone lines are copper lines and they are not trying to do something about that. Ellen copper is old. It is what they call a last mile problem and the question is whether they are going to lay much more fiber, which is incredibly expensive, so they are trying to find a more efficient way of getting people speedier service and they have come up with hardware called cheap fast processor, which gfast processor, which they hope will make the copper speedier. I do not understand the technology but cheaper than fiber optics. In the argument is it is better than doing nothing. There are investors that say they should face the fact they have to lay more fiber. Carol we will talk about david lender, another great cover story, and except a man in charge of univision. Ellen it is a fascinating company. It has long been the proprietor of spanishspeaking tv stations around the u. S. It has really been a longstanding feature of lots of people who speak spanish in the u. S. And was taken over some years ago h andaim and and hiam saban is an incredible figure who comes alive in our story. His goal is to take the Company Public eventually and get Hillary Clinton elected president. David also the father of the mighty morphing power rangers. We talked with them in london. Haim English Speakers are vaguely where univision. The biggest spanishlanguage Media Company in america, via multiple broadcast networks, radio stations, cable networks, so it is a huge deal. This reaches 40 million hispanics every month. We are in the midst of an election where immigration is a key issue. Their position is we are prohispanic, we are a prohispanic company, so they had taken trump on. That dovetails with haim sabans supported Hillary Clinton. They have given 10 million to her super pacs, so some people say, haim saban is directing the News Department on what to do . He has one individual in particular, jorge ramos, kind of like the Walter Cronkite of univision. Are they being more prohillary in terms of coverage . Like you said, he is the Walter Cronkite of spanish america. Englishspeaking americans do not have a lot to cronkite. The days of David Brinkley and Walter Cronkite are gone. There is not one anchor who we all watch and listen to. In the spanishspeaking world, the Spanish Speaking america, it is different. He sees himself, jorge rommels, as an anchor jorge ramos, as an anchorman but advocate to speaks the truth and takes on certain causes. Immigration he says is a big deal for everybody, he says. He is a mexican immigrant himself, and he says when trump talks about deporting 11 million immigrants, he is like, we know those people. This is not an abstraction. Consequently, some people say therefore, if that is your position, you should not be objective when it comes to covering republicans or trump. He has been tough on democrats about immigration, too, but in any case, it is not something you see in the ordinary American Broadcast Network for americans News Departments. Maybe for msnbc and fox but these guys are influencing the Hispanic Community much more than those networks. When you talk about haim saban and univision, univision, as you mentioned, it really does play to this community largely but there is a trust that goes on with them that whatever comes out of the univision, and you talk about folks who watch univision. They will call and say i need advice about health care or where to send my kids to school. There is this deep relationship with the Latin American Community and univision. Devin it is incredible. That was not some kind of hearsay, that is what the univision audience does. That was the ceo. He was basically pointing to the receptionist outside of his office, alike, she is getting those calls. It also tells you something when jorge ramos speaks, people listen. Also, univision does Voter Registration drives, and like that, and after trump made his remarks about mexican immigrants being rapists and all that, they canceled the miss usa pageant on univision. Haim saban is behind that and jorge ramos got thrown on the press conferences. Anyway, it is like that the new releasee nothing you releasee. It is all fascinating and unique to univision. Carol it makes you look at how haim got to where he is. Talk to us about that process. It is interesting. [laughter] devin you really have to read the story because it is sort of complex but he grew up or was born in alexandria, egypt, his family had to leave, when egypt purged the Jewish Population and he wound up in israel and was in the army and he got the gig at the pool and went to a local band and said, i have this cake, carried a beer bass player and that me play bass i have this gig and theres one thing, i will be your bass player for you. The veer old bass player. From that, he went to paris, to the u. S. , and he did scores for cartoons and became a cartoon producer. As he did that, he discovered the mighty morphing power rangers. Carol turning his view into the cover was the job of the director. We shot him in his house, more of a palace. He has acres of land. The shot will used for the cover is in front of his backyard, if you can call it that, but there are beautiful hedges, manicured lawns, so he is someone not necessarily known to the public on a larger scale, so he wanted him to present an as straightforward as possible. David was there any temptation, the father of the mighty morphing power rangers, to do something . Robert we showed a rare interest in restraint. There were like several things we can focus on, but given the sort of news and fact that he is politically involved spoke to the fact that he is a hillary supporter. Carol i love that you say hillarys billionaire, eyecatching but provocative. Robert there is no secret that she has wealthy donors so this is enticing people to get to know one of the bigger ones. David how much that goes into that headline . Two words but how much you think about it . Robert i would say we go through at least the newer from three to 10. This one actually somewhere around option five. It was a matter of sometimes we start with these options in the way whittle down to something more simplified. Carol , how wikileaks was turned into Donald Trumps best friend. David and how both campaigns are keeping regular americans to keep an eye on the pole. Poll. Carol welcome back to Bloomberg Businessweek. I am carol massar. David i am david gura. The Voting Rights act. Carol we spoke about how polls may be affected. This may be the first time the Justice Department not be monitoring. The federal poll monitoring program, but the Supreme Court cant and now they will be the first time they are not federal monitors. What is stepping in our private monitors. David how are they being recruited and what are the expected to do . Aleshin they are recruited on both sides. You have groups that for years have done poll monitoring and try to make things cam you. Have the league of women voters and other government groups, but what is new this year is that donald trump, the republican candidate is standing up, he is telling followers to go and monitor polling places and using all kinds of language, but in certain neighborhoods, and where he clearly means is for supporters to go to minority neighborhoods and make sure there is not vote fraud. Vote fraud is an issue the Republican Party has pushed for a number of years, despite the fact that there is little to next to no evidence of any voter fraud in the u. S. Involving voter id or people voting when they should not, so it is happening this year where you have a lot of people are being encouraged to go to polling places monitor for something that probably does not exist and could intimidate and scare voters. At the worst and least, it could just cause a potential for drama at polling places and potential for mischief. Carol like we have not had enough already. You put in the story that donald trump has warned if he loses, it is cheating going on. You notice we dont have the full protection of the voting right ax. How come . Allison they decided the country has moved to a place dion the 1960s and that years and years have fixed the problems that existed in previous years with all taxes poll taxes and people being stopped from voting in the country, but what has happened in the last couple of beers, particularly the republican states, state legislatures put a new requirements, mostly to do with voter id. There is a lot of fighting in texas and wisconsin. This toy came out the other day about a woman who is in her 90s and for the first time was unable to vote because she was not able to produce a birth certificate or natural marriage certificate, said there are a lot of issues around voter id this year, so i think that will really add to the confusion at the polls. People get there and the workers do not know what to tell them. Carol wikileaks founder seems to be angling to play a central law and the u. S. Election. Reporter max investigates for Bloomberg Businessweek. Fax if you have botched the news, wikileaks has been leaking emails from various members of the Clinton Campaign. Just before the Democratic National convention, daily Hillary Clintons, sorry, dnc emails related to the dncs coordination or alleged coronation with the Clinton Campaign. Since then, the twitter feed and wikileaks activity has seemed to be in sync with donald trump, which is strange because wikileaks has long been associated with the extreme left and trump is associated with the extreme right, so between about this organization so a turnabout with this organization. Carol what do people say it when they ask it they are in the league . Max he is a quality. We asked him if the special sections for donald trump and he said, that is an interesting question. I have a section for all human beings. When you look at what he has said, it is clear he is trying to help trump win and it is working a little bit. Trump is way down in the polls but i think youd be further down if this is not happening. Minutes after the leaked audio came out of trumps 2005 television appearance, wikileaks tweeted basically 2000 and john podestas, the Clinton Campaign chairman emails, and that is driving and you cycle. At a rally, trump held up a page of documents looking like assange and said i love wikileaks and everyone is chanting, lock her up, so it has become part of the donald trump campaign. David why would be the case that Julian Assange would be expressing support for donald trump max donald trump . Max it is a mystery. The Clinton Campaign is hinted at a russian connection. I think that is not a great explanation. Clearly, the russians are leaking emails but it is not clear that they are in league with wikileaks or the trump campaign. One thing going on is Julian Assange is paranoid. He has been cooped up in this tiny room for a long time. David not quite windowless. Max he keeps the windows close because he is worried about assassinations. We are reporting that there may be concerns in wikileaks that the president of ecuador, ecuador changes power, which is expected in 2017, that could throw assanges status in jeopardy, which you would like to be living under president trump. The other explanation is he is looking for attention. Basically, wikileaks is a media entity. Trump has a loyal following online and this has been good for wiki leaks. They have become much more relevant over the last couple of months by online themselves with trump. David up next, how the president ial debates are sinking nfl ratings. Carol plus, is jack dorsey losing control of twitter . Carol welcome back. I carol massar. David i am david zero. You can listen to us on sirius xm, channel 19, and a until hundred in boston, 99. 1 in washington, d. C. Carol a rare sign of weakness and what is generally the biggest drop on tv, sports. David president ial politics may be to blame. The nfl season in terms of ratings are off to a slow start great if you think about the Television Landscape right now, ratings are down because people watch a lot of television. Live sports are supposed to be a huge draw and advertising draw. Like untouchable. Writes. People want to know the next day. They do not want to wait one day for the scores per day want to watch it live, so advertisers will pay enormous sums of money, especially for the nfl, because that the good this is one of the last audiences on television tuning in at the moment. What has happened is the ratings have been down 12 and there are a lot of different theories for why. Some of the match maybe have not been as good, blowout games, a fair amount of people on the internet can feel like Colin Kaepernick may have something to do with it and people are boycotting nfl games. Is not saluting the flag. Gerry right. The nfl has said they have no evidence of that but they have said ratings are down partially because there is unprecedented interest in the residential debates. David when advertisers pay the sums of money, what guarantee other getting they will get the exposure they want . Gerry a Television Network will say we can guarantee you will reach a certain number of people. What has happened so far this year is that the ratings have come in lower than the tv networks promised the advertisers, so than the networks have to make it up to them and give them free commercial time somewhere else on the networks, so it is an industry thing called make goods, but it is the potential loss of revenue for tv networks, especially over time because next year when they sell nfl advertising time, they may not be able to ask her as much money if the ratings for this you were down. David in the technology section, jack dorsey has either receded or lost some control of the company he helped report. Carol i talked the company is not getting interest from potential bidders. We had google, salesforce and they all hired bankers to look at the acquisition. Internally, user numbers are stagnant, Sales Numbers are slowing and jack dorsey has been at the helm for about one year, so yes to answer for that at this point. Carol your story talks about jack dorsey being or losing control at twitter. What is going on and rising losing control . Sarah the most strategic thing that has happened over the last year during his reign has been this figure strategy that they seem to be betting a lot on. This Live Streaming of political content, sports content, entertainment content, alongside tweets about it. That gives people another entry point into the twitter experience. The person driving that ship within twitter is actually the cfo, anthony, he is the one that struck the deal with the nfl to stream the football games, so he is the one who was really set the strategy and everyone is following in his path. He is the latter cheerleader within while dorsey has been more of a socratic leader based on higherlevel questions and discussions. Carol this jack dorsey not want to be the one who was being that due at the company . Doer at the company . Sarah he was thought of a micromanager. Since then, he left, started square, he has learned the importance of delegating to other people. You are right. He does not want to begin authoritarian leader of twitter, but when investors saw him take the helm at twitter from dick costolo, the prior ceo, they thought he was going to bring some vision to the product with the authority on the founder can bring good. It looks like he has been less aggressive on that front. David up next, how the richest americans have influence the president ial election, especially in swing states. Carol and why they called Bernie Madoff [indiscernible] landlords. David welcome back. I am david gura. Carol i am carol massar. Still ahead, some interviews with some of the most important people on the planet. And the Real Estate Developer up for worst landlord in new york. And who executives call when they need costumes. That is all up ahead on Bloomberg Businessweek. Carol we are here with editor in chief ellen pollack. You take us to sororities. We know it is about pledges and camaraderie, but it is also a juicy market for fashion labels. Ellen brands figured out that sororities are good place to put up displays. In part because there are so many chapters. There are over 3000. And also because these young women are influencers. They are looked up to and like to dress similarly. We quote a psychologist who says there is comfort in dressing the same. So they have tapped into this as a way to spread the word about their brand. It makes perfect sense. It is not too expensive. Youre not buying airtime. It makes a lot of sense. David you point out women in these sororities prefer a smal

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