Transcripts For BLOOMBERG Bloomberg West 20150331 : comparem

BLOOMBERG Bloomberg West March 31, 2015

5. 8 . A security incident at the nsa headquarters in maryland, two man reportedly dressed as women tried to ram the gate with their car, and police opened fire. One suspect was killed, the other hurt. The us the fbi does not believe they were terrorist attacks. And Sergey Lavrov has left the nuclear talks, and he says he will only return with a realistic understanding of the deal. There is tomorrows selfimposed deadline. We are here because we believe in hell can be done. It is in everybodys interest that a deal does get done, but it has to be a deal that could bomb behind the reach of iran. There cannot be any compromise on that, so if were going to get done, iran has to take a deep breath and make some tough decisions to ensure that those red lines can be met. Cory how fast to roll back sanctions and dispose of the already enriched iranian uranium and falling short on a deal with u. S. Officials to clear up items after a bank was accused of laundering money while doing business with terrorist regimes. Bank performs and the pace of change being cited as an adequate, according to two people familiar with the report. Well, the music streaming service, tidal, was launched by jayz. He bought it for millions in january. The latest entrant into the crowded main business. There are artists that owns stakes in it. And the National Football league and the Atlanta Falcons have been fine for breaking the rules. One person was suspended after your games for sending Text Messages to the sidelines during the game, and the team was docked a pick after pumping in crowd noise during a game. And now, indiana legislators are looking to clarify these dayss controversial religious freedom law, which has angered many in the community, allowing businesses to deny service to gay people based on the religious views of the business. Speaking out in the tech community, apple ceo tim cook, and marc benioff, who has limited travel, and angies list has withdrawn a proposal to expand the indianapolis headquarters. Here is the ceo on the law. Bill it had nothing to do with creating jobs, nothing to do with educating children, nothing to do with attracting talent to the state of indiana. Corey governor pence defense the law that he signed. Governor pence is tolerance a two way street or not . There is a lot of talk about tolerance today having to do with people on the left, but here indiana steps forward to protect the Constitutional Rights and privileges of freedom of religion for people of faith and families of faith in our state, and this avalanche of intolerance has been poured on our state. It is just outrageous. Cory we were looking for businesses that would speak out in favor of the law and could not find any, but a representative of an lgbt tech Company Joins us now. This law has drawn a lot of i am surprised about the instant reaction from the tech community. What is different about this law and this time over the last year or so . Guests thank you so much for having me on. If you look back to arizona, they will be passing a bill very similar to this, which actually was vetoed, and it shows that the Tech Industry and Many Industries around the country and around the world just realized that this is discrimination in its most blatant form, and discriminating in business or those around the country is bad for business. Tim cook said it in his oped in the fact that this coronation is bad for business, and quite frankly, i would turn around and ask governor patrick pence, why was a closeddoor signing if he was truly feeling that this was a good law for the state of indiana . Cory said jerry joins us from bloomington, indiana, with a school of business, and i wonder there at the school, jerry, when you look at this, is there a sense when this was being discussed, that this would have a big impact in the global tech community, or is this a local issue . Jerry it has been perceived by many to be an issue in attracting tech businesses and keeping tech businesses in indiana. There have been a couple of cases in the last week that have stepped forward, changing plans. Angies list was going to build a 40 million facility involving over 1000 employees, and that seems to be on hold. Salesforce has a major operation there, and they are talking about limiting flights to indiana and travel to indiana. So if more companies are of this sort that what to bring in people and technology and people who are looking for a free lifestyle to go with that, they could have some challenges in attracting and retaining those people. Cory i have been particularly amazed at the this role reaction from mark benioff of salesforce. He posted on facebook late last night, and in part, he wrote in response to this unjust legislation, we are reducing employee travel to indianapolis and canceling all marketing events that require customers to travel those that are impacted by the discriminatory environment and want to move out of indiana. Jerry, to me, this is kind of unprecedented in modern times, the ceo of one of the Biggest Software companies in the world is saying im going to help people leave the state because of a law they just passed. Jerry well, that is certainly a strong statement and one that is getting a lot of attention both in government and in the private sector. There has been a lot of comment by businesses about the problems that this legislation is perceived to cause, and i say perceived because the legislation itself, the bill, is really unclear. It does not directly address anything having to do with groups that would be discriminated against or not. It basically sets forth judicial standards by which case cases would be judged if there is a conflict in rights, and, unfortunately, this legislation poses two basic types of freedom , freedom of religion and freedom from discrimination to potentially come to butting heads. I think the author wants to come out ahead when the legal profession. Cory they always win. Chris wood, tim cooks response really quick, broadening this, let me read from his oped in the washington post. He said this is not a political issue or a religious issue. It is about how we treat each other as human beings. Opposing discrimination takes courage. It is time for all of us to be courageous. This is the Biggest Company in the world by market cap, chris and it is run by a gay man. It is unusual for him to be such a leader and be so candid on this issue . Chris i think he realizes that the best time and place, it is important for him to be outspoken about this. Last year, i was on bloomberg west last year talking about his announcement in alabama and coming out eventually as gay. It is really important for him to be a leader in his position talking about the importance each other in 18 and as human beings, and quite frankly, the Lgbt Community, each individual in the Lgbt Community is just as human as the next individual standing next to them, whether they identify as lgbt or not and at the end of the day, or business, what matters is that we get the job done, that we continue to produce technology that are changing lives each and every day, and i really feel that tim cook sees that. He realizes that coronation is extremely bad for business and that this law is really rationalizing injustice for so many, not just the Lgbt Community, but it is taking a direct hit at the Lgbt Community. Cory chris wood. We appreciate your time, thank you. Up next, a streaming appd je rr, taking things by storm. Some meerkatting, when we return. Cory coming up, meerkat and germanwings. It appears the copilot may crash the plane after having suicidal thoughts for years. He had at that time been in treatment of a psychotherapist because of what is documented as being suicidal at that time. Cory German Authorities also created a homicide mission to determine whether or not Andreas Lubitz deliberately crashed the plane. 50 homicide detectives have been assigned to the case. And the group will look to unlock its next round of bailout money still needs a lot of work, i wanted to some officials who say the proposal is short on information and content. Greece could run out of money within weeks without a new bailout, and the National Football league making a separate business, granting operational controls for nfl on location. A new Holding Company will be providing unique fan access. All right. It is one of the most talked about apps, and we are talking that a Live Streaming app called meerkat, and it has raised 14 million. They broadcast live videos and comments to twitter. You cannot replay them, like snapchat, but here is a question. It has launched. It has raised money. It is a huge hit. Their ceo, ben, joints need right now. Congratulations. It is amazing attention to what you guys are doing. The App Store Numbers half volleyed off. What do you make of this . Ben it is not that early in our venture. We have been in this space for 2. 5 years now. We have known success and failure as more. One thing that is very interesting to see about us is that it was actually able to unlock behavior of Live Streaming behavior, like people who would not live stream otherwise are now Live Streaming. Cory we are meerkating right now. Holding your phone, and there we are on meerkat, since one to watch this kind of a broadcast while it is happening, what do they do . Ben once you go live, it is a lifestream published on twitter, and everyone who follows you get a push notification, and they can watch you. Cory and my twitter account or your twitter account, because our bow on there, and we can discuss . Ben yes, that will be shown on your twitter account. Cory you launched at sxsw right . Ben no, actually, it was just a side project. We had a product of live video and we closed that. It was maybe 400,000 users that we had, and then we shut it down and went to this exploratory mode when we said were going to release a product every two months, and one of them was meerkat, and we put it on product hunt on february 27, and we did not plan to do anything like that. But the community was extremely supportive. Cory there is also this sort of search for the next big thing, because twitter was launched at sxsw, some people are looking for the next twitter. Ben twitter was out for nine months before sxsw, and there is a cultural readiness, a technological readiness. We do not look at it as kings or queens or anything. It is more about is the technology now it allows a different behavior that could be impactful in a meaningful way, right, and if we can allow people to participate, a large audience to participate in happening, by removing friction by going live, by removing friction from watching at different places in the world, and everyone can watch live screen from their pockets, basically, or stream live video from the phones in their pocket. That means that the cost to go live and to distribute to a large audience is literally zero now. Cory people commenting now as we look at the comments as they come across, but i also wonder instantly Twitter Announces they are going to pull out the rug from under you. But also twitter announcing a competitive product. Is that a sign of success . Ben for the space, it is a sign of success. Twitter was a launching pad. To be receptive, for people to receive us so well in the beginning, and obviously we understand twitter than the business decision it is making and it is also a good, good sign to see that the company it is a great product like twitter doing steps in this direction. Cory you and i will have a conversation on meerkat, and we appreciate your coming by, ben. We will be right back. Cory i am cory johnson, and this is bloomberg west, and we just spoke to the ceo of meerkat, and a competitor about streaming video from camera straight to social media. Yet they both survive . Is there room for two . Tell me. Guest big launch on product hunt. Cory to me, the launch of meerkat and twitter on top of it, pulling out the rug and not letting them make a social graph and then launching a competitive product, what do you make of that . Ryan it is interesting that they are entering the Live Streaming space at the same time. This happens frequently, not that it is twitter copying them or vice versa. It is a change of behavior or a change of technology. Cory what is the inspiration . Is it face time or snapchat . Ryan people being willing to share themselves in public, and then, of course, technology. Bandwidth. The screens are better on the phone. People can do this in their pocket these days. Cory i want to figure out who is going to succeed. You could have the best product in the world in betamax and you are not going to win. But i wonder, when there is a marketplace, it is hard. Eventually, there was the stock exchange, but this took decades to happen. Ebay has a lock on online auctions, despite some competitors like amazon. Is there room for lots of Different Services like this, or will everyone go to where everyone is . Ryan there are different spaces and niches, like amazon tv, and Live Streaming of video games. That is huge. It is massive. And both meerkat and periscope are new. Who knows overtime, but it is so early. Meerkat launched last month, periscope last week. Cory facebook knows who my friends are, in i curate that by kicking people off, and linkedin has a different graph of me, and twitter has a third graph of me. Overlapping. Instagram also. Are their businesses, where people will have dozens of social graphs, or a couple of companies who own that, like twitter or linkedin and facebook will own that . Ryan that is a good question. Meerkat launched using twitter. I think the tv graph is great relevant to maybe a twitter graph, but it could be different, as well. The people you watch, the tv shows are different. Cory ryan hoover, thank you. Bloomberg west will be right back. Around here, were all about fast. Thats why xfinity is perfect for me. With millions of wifi hotspots all over the place including one right here at the shop now we can stream all things fast and furious. Youve done it again, carlos with the fastest inhome wifi and millions of hotspots xfinity is perfect for people who love fast. Dont miss furious 7 in theaters april 3rd. Cory bloomberg west, where we focus on the future of technology and innovation. The headlines. The campaign for the next two k u. K. Prime minister is underway, and Prime Minister David Cameron the to the queen marking the formal start. He said the leader of the opposition party, ed miliband is not fit to be Prime Minister. Prime minister cameron frankly, i dont think ed miliband has it. Some people might say dont make this personal, but when it comes to who is Prime Minister, the personal is national. Cory miliband said businesses are concerned that cameron will take them out of the european union. U. S. Consumer spending for february rose less than projected when adjusted for inflation, and spending declined for the first time in almost a year. Readings indicate part of the u. S. Economy will find it hard to sustain momentum after the best quarter since 2006. Colder temperatures and snow in the mideast and throughout the west. Ebays stubhub is suing ticketmaster. They are being over mashers measures of unfairly blocking the sale of game tickets. There was a policy of canceling or threatening to cancel season tickets if they are sold anywhere else using ticketmaster. The number of listings on their site has fallen by 80 in the last year as a result of efforts to limit resale. And dreamworks has a new animated movie, home, which is a hit, taking and 54 million, sales smashing expectations of just 31 million. This the best opening for them since madagascar are three in 2012. A strong debut means dreamworks may avoid a loss that some analysts had forecast when they expected a bomb for four of the past six movies that lost money. And a division to distribute music, 2. 5 million songs from bruno mars and the Rolling Stones to be streamed on alibaba app. There is also the situation of copyright infringement. A San Francisco jury decided that one woman was not a victim of gender discrimination while at Kleiner Perkins investment firm, and she says it is a battle worth fighting. Plaintiff if i have helped to level the playing field, it has been worth it. Cory although she lost the trial, she did bring awareness of the issue to light, and joining us is a law professor is another guest. She specializes in womens issues in the workplace. This case, as a journalist, i feel like i am sure that i know there is discrimination with guys like me dominating silicon valley, particularly financial firms, but as a journalist, i feel like saying here, there is an example, but the jury clearly said this is not an example of that. What do you make of that . Guest the thing the jury was asked to vote on more specific dates and things that were boxed in, so a referendum on her years at Kleiner Perkins, and what the jury decided on what snippets of that, and doesnt make Legal Standard, and we have seen cases like this where the Legal Standard can differ from what the jury decides. There has been a lot of that most recently around ferguson and the i cant breathe in new york, and that is definitely something that does happen, and i can think that you can look at this as something of a learning experience and pick something to gain even if they do not win the case. Cory can i aknowledge that there is racism and the horrible thing that happened in missouri but did not happen here . Sarah of course, of course, just using that as an example where Public Opinion goes one way in public decision goes another. Cory can we remember this as a case that is important . I was surprised about the new york t

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