Megan i am excited. Im a little tired right now. It has been a great week, and these past six months behind the scenes, we have been doing a complete redesign of the magazine online, and we have totally overhauled the app. We are creating daily content we are pushing to readers. Also we are putting us at the forefront of our events here at bloomberg. We are thrilled with the results. I think the look will feel the book will feel familiar to people, but as we go through the project, we have been making sure we are available wherever our readers are. When will you get to showcase feature photography and longform journalism. Journalism. But also just making it more simple, cleaner, easier to read. We really want the journalism to shine through and stand out. Im absolutely thrilled with the results. Oliver i like the ubiquity of having it on so many different platforms. Where do we go to get the app . Will it be magazine stories, different type of stuff . You mention its going to be a daytoday thing. Megan we will do two things, if you want to experience the magazine in a traditional digital way, we have that option for you on the new app. We are also pushing for six to eight new pieces of content that are relevant to where you are of that day and dissect the biggest daily stories. We want to build a Community Around businessweek. We want to have a daily touch, daily interaction with our readers and be known as the trusted name for business, finance, technology, excellent journalism where you can go to get a quick take not only of what happened but why you need to know it. Oliver thats the idea, in many ways, you pick it up and it feels similar. The content feels similar to my the content feels similar, it takes the complex subjects and make some open. This time around, i think it is a little bit more in depth and in the weeds. Megan were trying to dial into the areas where we feel we have an advantage, global business, finance, technology, but we sometimes call power. Economics. We want to play in our lane. We have 2700 journalists, we want to really leverage that and we have so much invested, so much resource investigative league year. We want to continue to do that kind of journalism and make sure we are mobilizing the strength of the newsroom to tell the global stories that really matter. Taking people behind the scenes of the people, the entrepreneurs and innovators driving the change you will see play out not just this year but in the upcoming decade. Oliver you guys have done a great job kicking off with some of the debriefs. This weeks debrief is especially good, it is also the cover story. It is an interview with tim cook. What did you learn from him that our readers need to know . Megan i interviewed him right after they introduced the foray into the home speaker market, and anyone who has the amazon echo or has used alexa, it has become a crowded space. I think a lot of people thought apples foray would be a category killer. In the sense of using siri to motivate this home speaker. What is interesting is how focused he was on music. I was interested as a man, how passionate he was about the speaker. Oliver i thought it was funny, youre talking about people jamming out. My reaction to the homepod was them trailing their peers. But he said that we were not always first, but we did the test version. The best version. He thinks it will be the best version of the inhouse speaker. Megan im a lot older than you. Long time ago, i was a first purchaser of the original ipod. You have probably never seen. 1999. Tim cook was honest about this. He said apple does not need to be first or necessarily want to be first. They want to be the best. I think every time again, you are younger than i am they have been counted out more times. Now we will remember it, whether it was the apple ii, the macintosh computer, the forays into other business. Artificial intelligence early on. Never count them out. If they produce a product that is a musthave, it becomes integral to how you conduct your life, they are forcing their way in. There was another thing we talked about, their entry into the enterprise market. And how they are going to service business. They see that is huge growth for them. People are so attached to apple, and moving into the business sector is a big future for them. Oliver and they need to be looking at ways to drive growth. You also talked about politics and branched out beyond the apple device world. Megan he was very involved in the climate debate, and the Trump Administration decision to exit the paris accord he took very personally. One of the things i felt was interesting is he said that america is more important than bloody politics. He will continue to fight for what he believes in, where you see synergies with the administration, he is not going to be afraid to make his voice heard. Gave knowledge the very open differences he has with the president. But he also acknowledged as a ceo, his responsibility to build an america he wants to live in and his workers to be part of. Oliver a great interview. You guys covered a lot of Different Things. Making tim cook into a cover model was the job of rob vargas. Important first issue of the magazine, and you guys are putting tim cook right on the cover. It is very much about him. How did you make this choice . Rob we had this one photograph where he looked very pensive. The photographer got him from behind a window. You see it little bit of reflection in front of him. We thought it was an interesting shot. Oliver it is a strong image of him. The interview captures a lot of different topics. The caption you chose up on the cover is about politics. Did you put the quote about politics because of the seriousness of his pose . Rob yes, it was broad enough not only does because role at apple but his role in the country and beyond. Oliver tell us what you think about the new version of the magazine. Rob subscribers will notice there is a cover wrap. At the page the goes on top of the cover which gives you the headline in a short table of contents. People who buy it on a newstand will notice a cover flap. Like the new yorker has, which gives you a headline of a short table of contents. It liberates us from having to shout the headline every time. Oliver business week, people knew about the designs, you have gotten creative at times. What is the philosophy when you think about how to design the inside of the magazine . Rob it is cleaner. We have a lot of information, and we figure out a way to organize it to make it easier to digest. I think we are still developing our sensibility. For now, especially we have has such good photography in this issue, we want more of that and to showcase it. Oliver up next, World Leaders try to make sense of president trumps foreign policy. And robert moore assembles his Robert Mueller assembles his dream team to get to the bottom of the russian question that has been hanging over the white house. This is Bloomberg Businessweek. Oliver welcome back. On oliver renick. You can find us online at businessweek. Com. In the remarks section, the selling author and former Time Magazine columnist joe klein discusses president s competing confusing foreign policies and what they mean for the u. S. Going forward. Joe nothing is easy with donald trump. Everything is radical. Everything is different. This represents a break from a consensus american foreignpolicy. That existed in the center, mostly realistic. Trump switched that. Alliancebased policy that had existed since the end of world war ii, and now it is more america first. He placed more emphasis on shortterm gains than on longterm stability. What we have seen as a result is some fairly concerning instances of instability and possible breakup of the existing order. Oliver what are the most egregious examples of that so far . Joe i think the fact that he had to struggle for weeks before he was able to say that he supported article five of the nato agreement, which means all the signatories of the treaty, all the european nations and us, we come to each others defense. The last time it was used was when we were attacked on 9 11 and many european allies came to afghanistan. Oliver you are a sort of analyst and a historian. When you look at what is happening so far in the Trump Administration, you try to sift through the new ideas that are out there. How do you gauge the metric for success . How we know when or if these new policies will have longterm fruition . As you point out, they are novel to some extent. He was not a lot of precedent. There was not a lot of precedent for this type of idea. Joe that was the idea going in. He is been very contradictory sense. Sometimes he said he was going to stick it to china, now china is his great ally. He has been very unpredictable. To me, and i am kind of an old so be old foagie at this point, the measure of diplomatic success is the hippocratic oath. First do no harm. That is what obama was about and george w. Bush was not about. He went into iraq and destabilized the entire region. We will not know for years whether and how trumps foreignpolicy will work. On the plus side, a number of people he has chosen are really stable, smart, honorable people. Theyve had to deal with trumps occasional eccentricities. Oliver do you think of someone who is concerned about foreign policy, they can take solace in the team, or are we seeing that trumps personal brand and style will outweigh that . You can take some solace, because in the instance of military action or threatened military action, i think he is listened to his military advisers. There was a judicious strike in syria after the use of chemical weapons. I dont know how long that will last, and a lot of the things he says could be construed as ways to destabilize the region. For example, qatar, and this is a guy absolutely opposed to terrorism up to the saudi border. The saudis have supported a network of radical schools across the region and also funded terrorism in the region. But he has not had a bad word to say about him. Oliver Robert Mueller is simply assembling a crack team of prosecutors to ferret out any connection between donald trump, the white house, and russian meddling in the u. S. Election. Robert mueller is the longest tenured member of the fbi. Fbi director of the history of the fbi. He served 12 years. He has been in private practice since he left. He was succeeded by jim comey. He was tasked to be special counsel. Weve not seen a special counsel in a long time. This role is vested with unique powers. He is the ability to operate basically like a traditional federal prosecutor. He can file charges, subpoena people, he can pull people in front of grand juries. He can, in theory, interrogate the president. The extent of his power will kind of we will not really learn about it until he chooses to exercise it, and we have issues of executive privilege at play. We will see how willing the president will be to submit to any of this, even though he has said he is willing to testify under oath to congress. We will see how willing he is to do something similar in front of bob mueller. Oliver mueller essentially has the tools a prosecutor does, but he can apply them in ways and do people that are often times very much offlimits. Matthew a good way to think about mueller is he is a repository for all things russia. There is a lot of noise out there, political noise, whether it is trump tweets, lyrical allies of the president going on cable news and talking about how the president is considering firing bob mueller, but he is to consider all of this, whether happening congressional testimony, whether it is leaked to the press, anything that concerns russia he is to take into consideration and he has a very broad mandate, which is to follow where the evidence leads him in whatever direction. He has complete independent power to do that. Oliver he has a lot on his plate. Hopefully he has helped from people around him. Who will be on his team . Does he have one . Matthew he does. He is building one. He has had this role a little less than a month. He is setting up shop about halfway between the capital and the white house. He is building what amounts to a a pretty crack team of defense lawyers and prosecutors. He is pulling from people he worked with at the fbi, and also he is pulling from his old law firm, one of whom worked on watergate. He has three people already from wilmer hale who are working with him. One of whom worked on the watergate investigation. He will probably hire 50 to 100 people. Thats about the same size staff as the 9 11 commission that was put together and the Watergate Committee that was put together in the 1970s. Oliver up next, germany worries it will be the next victim of russia election hacking. And forget about initial public offerings. We will talk about initial Coin Offerings. This is Bloomberg Businessweek. Oliver welcome back to Bloomberg Businessweek. Im oliver renick. Welcome back. You can catch us on the radio on sirius xm, and on the radio in new york, boston, washington, d. C. And the bay area. Also, in london and asia on the Bloomberg Radio app. In the politics section, concern is growing about russian hacking in germanys election this fall. Stefan in germany, we have seen a range of hacking attempts and successful hacks over the past two years. It started in 2015 when the German Parliament was hacked and criminals actually stole 16 gigabytes worth of data. That is about 1. 5 million emails. Lots of hacking going on and the German Government is concerned that in the runup to the election, increased hacking will go on and hackers will try to influence the german elections that way. Carol talk about the 16 gigabytes. 1. 5 million emails. Whats interesting is, you put in your story, those hackers were roaming around within the German Parliament for about a week. Stefan that is correct. I will walk you through how this happened. Picture this. In 2015, several german lawmakers got it you know that looked like it came from the United Nations, except it didnt. It came from russian hackers, or hackers believed to be linked to russia. It led the lawmakers to click on a link that looks like a United Nations bulletin but secretly installed spyware on their computers. That initiated a Chain Reaction and hackers roamed the internal i. T. Network of parliament for more than a week until the security agencies found out about it. They stole a lot of data and nobody really knows what they stole. The big concern here is, the hackers will release some of that data shortly before the elections and everyone is concerned. Carol i bet the german chancellor is concerned. It looks like she is politically in a good position, but she has to be worried, as well. Stefan she is. Top Security Officials tell me that she is taking the issue very seriously. She is regularly informing herself about the defenses that about the defenses that have been installed to protect germany. Everyone in the government is aware of that, but you already pointed out correctly that her turnout and her polls looking very solid. As of now, she is doing well. Oliver in the finance section, Digital Currency startups are issuing tokens as a way to raise money. They are called initial Coin Offerings. Or icos. Dune it is like the coin or ether, it is a Digital Currency. Companies are beginning to sell their own well, more and more are starting to sell their own coins. A nod that an ipo. One thing that is driving it, obviously, there has been a huge rise in the price of bitcoin and ether. There is a lot of liquidity in the crypto economy and a lot of excitement about block chain based businesses. Oliver are they starting to offer their initial Coin Offerings . I feel like the definition of company here can mean a lot of Different Things because the way i understood it is you can sort of have an initial Coin Offering without really any kind of status that we would normally associate with an Incorporated Company or Something Like that. Dune weve got to a place where there is so much excitement that it is very, very easy to do these icos. Sometimes they are raising money based on a website with a germ of an idea. There is that element of what exactly are they going to do with that . Will they do good things . Literally we are talking instantly if you can raise 30 million in 30 seconds on the back of an idea . The question is, you have to use that money to make something. Oliver lets say uber does an ipo. Any private company decides to go public, theyre going to sell shares in the open market, use and underwriter and have a determination of their value of what their business does, and they will essentially sell investors a part of that business. What are the equivalent counterparts for those elements in the initial Coin Offering . Dune there are starting to be Digital Investment banks, i talked with a ceo who specializes in this. Research Companies Like smith and crown. Basically, the better run ipos, you would write a technical white paper laying out what youre going to do and how the tokens fit into your block chain and what will happen here. Are you selling decentralized Cloud Storage . Are you selling Financial Services . What is going to happen . You might put a repository for the code on github. You may or may not do some marketing. It really depends. Some of these management teams, you dont actually know who they are. Oliver up next, where brexit could hurt the most and we will find out how bad it is for your health to work around chip manufacturing. This is Bloomberg Businessweek. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want