Transcripts for KDOW 1220 AM [Wall Street Business Network] KDOW 1220 AM [Wall Street Business Network] 20171211 010000

This week they are confident more will be elected senator and will overcome any investigation if there is going to be found telling the truth always many congressional Republicans don't want more in Washington Virginia Congresswoman Barbara Comstock telling Fox News Sunday we don't need to have him here now the voters are going to decide on Tuesday but I think we're going to have it and I think's investigation more as tonight allegations that he molested 2 teenage girls and pursued romantic relationships with others when he was in his thirty's to McGuire Washington u.n. Ambassador Nikki Haley's says that her blunt talk about North Korea is necessary diplomacy is great and respects but you have to also be honest and this was something that North Korea needed to hear and the international community needed to hear North Korea has pushed the envelope to an extreme level and I'd say fizzing going to put out by President Donald Trump recently urged the world to sever diplomatic ties with North Korea Haley appearing this morning on Fox News Sunday also That's our news dot com Israel's prime minister says the Palestinians must come to grips with Jerusalem being Israel's capital Benjamin Netanyahu says the sooner the Palestinians accept that the sooner we move towards peace than Yahoo spoke Sunday in Paris at a press conference with French President Emmanuel Micronor after days after President Trump recognized Jerusalem as Israel's capital big news for the Detroit Tigers former Detroit Tigers teammates Jack Morris and Alan Trammell have been elected to the Baseball Hall of Fame Morris and travel were chosen Sunday by a 16 man panel that considered candidates from the sports modern era this is a star in news. 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Serving San Jose and San Francisco bank lending rate would be the 3rd this year and probably the last of the Janet Yellen era we also get a look at consumer prices Wednesday Thursday its interest rate decisions from the European Central Bank in the Bank of England along with a look at November retail sales Cameron Moscow Bloomberg Radio there's been a setback for Beijing in its bid to boost the credibility of its economic data China found some local governments inflated revenue levels and raised a debt illegally and a nationwide audit concern from investors wanting to be able to trust the data out of the world's 2nd largest economy has led the government to try to crack down on data fraud this newscast was brought to you by Bank of America Merrill Lynch giving you the power to trade smarter through the actionable insights and advanced analytics of trader instinct that's the power of Global Connections Merrill Lynch appears Fenner in smithing corporate member s.i.p.c. Global News 24 hours a day. Powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer this is Bloomberg. News Bloomberg Business Week with Carol mass here and show you generally from Bloomberg Radio Hello I'm Carol master with my co-host Julia Chatterley plenty ahead in this hour including a profile of former Harvey Weinstein lawyer David Boies plus Cape Town it is on the verge of becoming the world's next travel Mecca that's in our pursuit section but 1st I have sort of in the church motive and joining this group. I'm going to be 87 in a few weeks. For decades I have been buying small businesses after they've become big so I pay hundreds of millions of dollars. And it occurred today I've got to get these people earlier you know and. That's Warren Buffett speaking at Goldman Sachs 10000 small businesses summit back in August for more than half a century he has made Berkshire Hathaway his investing canvas it owns Geico for the Loom Dairy Queen Duracell and dozens of other companies as well as billions of dollars of stock in blue chips such as Apple and Coca-Cola but what happens to the Empire when Buffett leaves higher wrote about the Oracle of Omaha succession plans it's the magazine's opening remarks and now he joins us now so there's been speculation for many years now about the succession plan but shall have to wait but we do seem to be now fixating on 2 potential candidates Yeah that's that's really what you've seen over the last couple of years if you talk to investors or are people who follow Berkshire closely a lot of people have been looking at Great Gable who runs the large energy operation there are a bunch of utilities throughout the u.s. And u.k. . Jane who runs a broad. Swath of Berkshire's insurance businesses and we have these 2 names because they were actually highlighted by Charlie Munger at one point correct the vice chairman Yeah yeah you know everyone's trying to read the tea leaves here but . They haven't come out and said this is you know which take a step back because we all have a lot of fun we respect Warren Buffett it's hard to follow in his footsteps right but it's like who's going to follow and take over for at Berkshire Hathaway and everybody's been wondering about this yeah I mean there's been a tremendous amount of speculation Buffett is 87 mongers even a couple years older than that and I mean this is a conversation that's been going on for decades and frankly you know the quote unquote name in the envelope has changed over time you know we're certainly not the 1st people to write an article speculating about who the who the person is there sort of a journalistic tradition of this but what we do know is that as time goes on some of you know some of the names that had been thrown out there in the past for you know many of those executives are no longer at Berkshire or they're looking less probable now because of age or some other reasons to just break it down freezing temps of a ball and chain but the difference is off because they're also fundamental differences whether it's where they've grown up in the business energy versus insurance every step to age which we know is a critical thing to Warren Buffett to he won't say a young guy to come in there and have a good run running the business yeah yeah there I mean there are a couple of critical differences a just a just certainly one of them able as you mentioned grew up in the energy business he's he's been running a business that's actually been highly acquisitive you know within Berkshire they Berkshire Hathaway energy his business has actually gone out and bought more utilities they bought pipelines they've invested a lot in renewable energy. It's a place where part of Buffett's Empire Empire where you can count on his managers to go out and figure out you know what to do with all this cash that Berkshire is producing which is which is not solely unique to him but he's just has this track record of doing it over and over again and this is nothing to be here waiting to 1000 employees and not just that part of the business exactly exactly but you know something that's interesting about Abel and how he runs his business is that the head office has only about 2 dozen employees now that's that's a model that Buffett uses for the whole conglomerate you know the Buffett likes to play this up a lot he talks about how he's got about 2425 people in Omaha who oversee the whole conglomerate which has more than 350000 employees now so there's there's a nice parallel there between how able operates and how Buffett has been running the conglomerate when you write this story you know and I love this shit is Empire to me or how Buffett runs conglomerate and you say the head office for a bill in Des Moines occupies only one floor in a rest colored office tower has about 2 dozen staff I mean doesn't sound very modern or new. Well I mean the point there and you know when I speak with people who know Abel's business well the point is to make sure you push the decision making out to the actual business units and it's a very it's a very it's something that's straight out of Buffett's playbook and Buffett horrors of bureaucracy and has talked about the need for his successor to make sure that Berkshire doesn't become a bureaucratic enterprise he thinks that that's the kind of thing that kills a business over the long haul and what you've seen and how Abel's built his business is you know an effort to stamp that out to make sure doesn't create then that doesn't mean they don't have legions of people doing important functions is just it's just a question of where they. Position those people so of course you have a big h.r. Operation but it's going to be embedded within the utilities because they're actually closer to the customer they're closer to the regulators they're closer to where the decisions actually need to be made why this secrecy I think on a more practical level not naming someone gives the board more flexibility over the long term So yeah smart to tell you about in a very yes it's a buffet is able in to keep you know stay as c.e.o. For another decade we might be having an entirely different conversation less about the self is more about the flexibility to some flexibility is a good thing now let's thank you so much we know you know so much about what's going on at Berkshire and Buffet and so we appreciate you bringing this to us thanks to listening to Bloomberg Businessweek coming up a profile of high power attorney David Boies this is the member. 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Now but no screwdrivers are like socks somehow the one you need is always missing lucky for you Napa has a 26 piece her driver set on sale for just 999 get it to replace lost tools or upgrade your current set for your neighbor to borrow and never return again 26 screwdrivers for just 999 quality parts helpful people that snap and oh I don't know how I'll ever dissipating up all the parts stores all brands $123170.00. You're listening to Bloomberg Businessweek with Carole master and Julia Chatterley from Bloomberg Radio standard is whether or not the intent of the voter is reflected by the ballot that is the uniform standard throughout very gentle and throughout the even a dog knows the difference of being stumbled over and being kicked that's high profile attorney David Boies back in December of 2000 arguing at the Supreme Court with then Chief Justice William Rehnquist he was finding out the half of Al Gore in his battle for the presidency with George w. Bush boys in Coeur that fight of course Felix Gillette profiles the famous litigator this week he joins us now to Felix give us the background of David Boies people know him. As sort of this famous courtroom litigator and champion of democratic ideals he represented Corker in the 2000 presidential Florida recount he was also famously represented the government the antitrust case against Microsoft he's had all these huge big high profile cases which has made him really arguably the most famous lawyer of his generation and because of his work fighting on behalf of gay marriage with Ted Olson who was George Bush's lawyer they kind of teamed up together to work behalf of marriage equality. You know he's become this more than just a Lorry's been someone who has been or feared particularly among liberals he said he run circles around Bill Gates Microsoft and yet I mean just to him I do not have a right capable of doing that yet known as this brilliant theory or room tactician you know he's been. Played in the h.b.o. Movie about the Florida recount there's been you know books about him countless magazine profiles all very glowing until suddenly this fall when his role representing Harvey Weinstein suddenly came became into the news and all these people who are. Very highly are all of a sudden like outraged by his association with Harvey Weinstein so maybe no surprise that Harvey Weinstein a well known Hollywood mogul you know had someone like David Boies in his legal right so talk to us about that relationship and how it kind of turned into a bit of trouble for David Boies right so he came under fire for this and what we did is kind of look back like where did this relationship start how did these 2 you know what were they what was David Boies working on on behalf of Harvey that turns out that they met each other not long after the Florida recount. Came to New York had lunch with Harvey Weinstein point among his media assets had a book published an imprint and Boyce agreed to write a memoir about his legal career for Harvey's imprint so that's how it started and then as Boyce was working on his memoir he also started representing Harvey and his brother Bob and their company Miramax and different things Harvey and Bob left Disney in 2005 boys represented them and he kept you know represented over the years in various things and the relationship grew closer then in 2012 becomes a lot more interesting because David Boies decided to start a film company of his own and in part this was because one of his daughters graduate from college was interested in getting into the film industry one of his partners and close friends try to think Schiller his son was also work in the film and this would be fun let's do something movies you know and you know what's interesting is they did some projects together. But in the end it sort of complicated the relationship with Harvey Weinstein because they weren't just he wasn't just a client lawyer relationship there was also this. Relationship in terms of doing business in the movie industry together Ok so it's complicated you know fellows forward to the New York Times starting to investigate right what's been taking place right so this all blows up a son. Really in November when the New Yorker reports that you know as part of all of these you know dozens of women have came forward and made allegations about sexual harassment sexual abuse by Harvey Weinstein. As part of the as all this was going down that Harvey Weinstein it hired a number of private investigators to essentially defend him trying to stop some of the newspaper investigations into his behavior and one of the things that was revealed in this New Yorker article was that David Boies had signed off on a contract with this company called Black you which was working on Harvey in part to try and stop me and investigation exposé by the New York Times So when this came out in The New Yorker all of a sudden New York Times saw this and said hey wait a 2nd David Boies represents us and he's also representing and he's also working to try and kill our reporter reporting on the story and they were very upset they called it great betrayal Trost and very publicly so do you know we're not going to represent us anymore I mean he's the former Israeli intelligence officer right it was a just and right. Taking place yeah and so that's really what triggered all of this backlash and I think it's part of this broader thing at the top in the culture right now where you know the Harvey Weinstein downfall has triggered this huge cultural treasure all these men you know have been kind of pulling back the curtain on all this bad behavior but the same time it's also raising all these questions about this ecosystem of covering lawyers managers agents around us and so I think within the broader conversation people are looking at David Boies in part because he's known as kind of the ultimate person in terms of being a corporate fixer in terms of a problem solver and so they're looking at him and looking at Harvey Weinstein and I think in way what happened here when you go back in time and c.s. Of Legacy of. Right it's going above and beyond the call for you I mean you look back at his career and there's kind of this pattern that's happened a couple times where he's gotten very deeply involved with clients friends family members whether it's doing side businesses like this film group that he started and what you see again a couple times is that basically there's always this moment where he could but the relationship with this person would hurt his business is business a cruise along they've got plenty of clients who can walk away from it but instead he kind of sticks with these people to the point where there's really this collateral reputational damage as a as a result of them and you know when you ask him about that he says well that's you know I think probably lawyers have different tolerances for when you get out it feels like misrepresent representation to me he kind of let this investigation right it was his name it wasn't Weinstein right people it right interesting Yeah and that structure right and it also I think. It's more complicated it becomes you know some people we talk to were like Well in 2015 you know when the timing model in New York went to police and made some accusations about Harvey there was press coverage. At that point you know David Boies could've walked away than 2015 but instead you know he was working to get Harvey a contract extension at the once a company fascinating story and interesting right that this was thank you that's next time you're listening to Bloomberg Businessweek coming up a look into some holiday parties in Silicon Valley this. One in 5 Americans will struggle with addiction to a lifetime want to know how you can go here to listen to for tips and tools to help turn addiction around public service announcement brought to you by the i Pad so. I'm not much of. 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With after a news I'm Gordon Griffin Alabama voters will decide on Tuesday of Roy Moore or Doug Jones should be their next u.s. Senator publican Roy Moore's campaign strategist Dean Young tells A.B.C.'s This Week they are confident more will be elected senator and will overcome any investigation if there is just war going to be found telling the truth just like you always I was many congressional Republicans don't want more in Washington Virginia Congresswoman Barbara Comstock telling Fox News Sunday we don't need to have him here now the voters are going to decide on Tuesday but I think what they're going to have it cannot fix investigation more is tonight allegations that he molested 2 teenage girls and pursued romantic relationships with others when he was in his thirty's to McGuire Washington former Detroit Tigers teammates Jack Morris and Alan Trammell have been elected to the Baseball Hall of Fame more details about sorry News dot com To me grew at a modest moderate pace through mid November 5th grade you know a person from earlier with the matter says President Onil Trump will deliver a closing argument for the proposed Republican tax overhaul in a speech on Wednesday the person said the president's speech will take place in Washington and it comes as House and Senate negotiators are working to iron out differences in the versions of the bill passed in their respective chambers Israeli Prime Minister Benjamin Netanyahu faces a chilly reception this week when he travels to the European Union in the wake of President Trump's controversial decision to recognize Jerusalem as the capital of Israel Netanyahu has her southern country is to follow Trump's lead this newscast was brought to you by sector spider e.t.f. So why buy a single stock when you can invest in the entire sector visit sector as p d r s dot com or call 1866 sector e.t.f. Global News 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer this is Bloomberg. These Bloomberg Business Week with Carol Mr and Julia generally from bird radio are. Killing to the Christmas party Well that's what Silicon Valley saying this holiday season and to make sure you do actually come to the party big tech companies such as Facebook and Google are hiring models to come and chat up the staffers Sarah fryer wrote about these tech parties and she joins us now Sara what exactly is going on in Silicon Valley so companies in Silicon Valley tend to have a gender ratio problem and there are a lot more men than women in as a scene I can cause some issues with diversity harassment this has been a long time thing that companies have been criticized for but there's another more trivial problem which is their holiday parties tend to be boring and to solve that income stream probably not something you worry much about when you have a steady job income but as you head toward retirement is your income stream still going to be enough someone who can help his financial advisor Pat the Tucci will you be financially Ok in retirement with enough income you can count on if you live say 30 or 40 more years could happen packin help you get on the right track toward retirement as you need to protecting grow your Nasdaq patterns help folks with their retirement planning over 30 years but Tucci and Associates has offices throughout the Bay Area that Batouti call for a complimentary retirement plan review 804728305804728305 or check don't invest and forget dot com and associates 804728305804728305 or go to don't invest in Forget dot com securities and advisory services offered through n.p.c. Registered broker dealer member federal s.i.p.c. . 2 again in companies party this weekend it's going to be a situation where the models are told which employee to say they're friends with so that if people ask if they have a back story sometimes modeling agencies get even more creative back stories from the company is that the companies go through the make the model sign and he is or non-disclosure agreements and everyone parties so these lesser known companies in Silicon Valley that are doing it or is it does some of the tech we probably know it is everything from a tech giants you know the face of Google's of the world down to the tiny startups even the private parties the executives with lot of money to burn who are happy to make sure that their party is the most upscale soiree they could possibly throw to these models get. To do this and I like the point you said it's not just about women actually going to these parties they're all good looking men invited as well as the agents who told me about the men coming to the party said that you know sometimes men like to look at pretty men into not everyone is into the women. Not just of how the female employees but also about the men who like Brad and models get paid anywhere from 15 per hour to $200.00 per hour so if you're hiring 30 models you could end up spending quite a bit for 3 to 5 hour party which is going on there for years right it's not a new thing but as you note in your story it's picked up a lot of momentum you're seeing more and more companies in Silicon Valley doing what's going on 2 trends with this kind of activity the 1st is that increasingly companies don't want their employees to know that these are models in previous years they may have addressed them all the same or something so that it was very clear this is just a spice of the party or given a task like bartending or hostessing picking up people's coats and they've transition from that to the atmosphere on. It's modeling and the other trend is that this is more popular than it's ever been according to some agencies I spoke to who do a lot of San Francisco work is the logo increase he says no sounds fun the fact is this father it's funny because in your story too you talk about was it Vox media and how they're limiting drinks and we recently had a dinner where somebody was making jokes about don't drink too much but this is becoming kind of the environment and so that people don't get drunk and that it doesn't lead to sitting on a destructive money if you are fun but you have to retain as engineers I mean these companies are finding it very difficult to recruit engineers in a very competitive environment you pay them a lot sure that they feel like your company is the best place to work can they hand over their number if they'd like someone they have a great conversation come the small bills 100 with a phone number and you are not seeing any discouraged from doing so but who knows what happens once once a business Boy great conversation unbelievable unbelievable and these workers don't know that this is going on or against Now they're going to know it's going on now they're going to know for the most part the contracts of the models require that they they present themselves as oh I just know a friend or oh I was just I'm connections in this company or I heard this is going on and I decided to stop by so they're supposed to come by with we just sort of this natural back story but of course some employees if you're in an all male gaming company and you see all these beautiful women that your party might ask some questions and. New questions. In my regards Sara thank you so much for bringing this delay to us appreciate it you're listening to Bloomberg Businessweek coming up the search for the world's best butter that's in our pursuit section this is. I'm. J. Foreigner from Quicken Loans the rate today on a 30 year fixed rate mortgage is 3.875 percent a.p.r. 4.05 percent but choosing the right mortgage lender means choosing more than just a rate this calling the company with 11 j.d. Power awards for client service matter does calling the company that invented rocket mortgage the industry's most innovative technology matter if working with America's number one online lender matters to you call Quicken Loans today at 800 Quicken or go to rocket mortgage dot com equalising lender minimalist number 3030. Hello anyone there. 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Now Amazon dot com dives deeper into Amazon's cloud unit dominates the market for computing power delivered over the internet but lags with artificial intelligence tools Microsoft and Google have a lead their Google hair and c.e.o. Of Boomerang a company that focuses on price optimization says there's a good reason Amazon is working hard to catch up they're starting to think about how do I capture the mind off of the customer at every point in time Greg Garrett Bloomberg Radio Greg Sutter is a former senior executive. Of global architecture design an engineering firm with $45000.00 employees worldwide Briggs also a board member of New Jersey Institute of Technology and advises on partnering with businesses to solve some of the world's most complex problems we look at the challenges that face us today and there needs to be a sense of urgency a 1000000000 people today don't have clean water nearly a 1000000 and a half people today don't have access to electricity looking to commands on our transportation system our housing systems those are major issues that need to be solved and they need to be solved in innovative ways that I think is fantastic one and Jag trying to do with that is creating you know a partnership focused on industries issues creating a vehicle that's going to allow us to truly create great opportunities for collaboration with industry to solve today's most complex issues. New Jersey Institute of Technology. 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European quota on butter that was removed a couple years ago so suddenly there was this moment in France this fall where you would go to the store and there was literally no high quality butter on the shelves people with it was all stripped and there was enough butter to make. So as you can imagine that sort of. Homeland of butter and all of their cooking and so that kind of made us look at this issue would be like where are we with butter right now and what's what's going on so where are we so it's just we're having different varieties to t. Is and yet so so there's sort of regular butter that you can get it any grocery store and that you know it's fine for cooking and mass retail things like you. Know if it's perfectly fine but there's sort of a next level of butter which is determined by the amount of butter fat which is basically House creamy and sort of and fat it is and is sort of normal but it has about 80 percent and then luxury butter the kind of butter we're talking about here can be $84.00 or even 86 percent butterfat and you get that difference kind of both through the cows that make it and also by the proper The turning process and how you actually process that other animal farm is the one who has the what is it $50.00 a pound Yes An Animal Farm is one of the it's almost like a cult following so you can't really get the butter if you're a normal person except for a few times a year. And. Animal Farm services Tom's Keller's restaurant French Laundry and percent and I actually I've had the butter French Laundry and you do remember it I remember how good it tasted so the other end of the spectrum. Of Palm which is $7.00 a pound to me about this one too so delete actually because a couple of versions of butter that we've talked about here but you know the different regions in Europe actually have sort of denominations of origin so you know how wine will have been a o c can only call a certain kind of wine from a certain place you can only use certain terms the same thing goes with butter and Aleesha is from Italy. Has that domination units made from the same ilk as part of the fighting on oh yeah which of course you know is going to be good yes I have to say I'm never as happy as when I've got some great bread great butter and a great glass of red wine that's kind of how I like. To get out here not if you might find top here better in Cape Town but you'll definitely find. A bunch of top here and a lot more there yet so we were really excited to do a story about Cape Town because Cape Town has always been a really great place to visit it's beautiful it's very outdoors even go hiking you can go to the beach and of course there's wine country around it's a stop on the way to safaris but it hasn't really had sort of a big arts and cultural center until recently and then this year the the Museum of Contemporary Art Africa opened it was opened by Joe who is this you know billionaire philanthropist who was the former c.e.o. Of him and he spent $36000000.00 opening this museum a contemporary art museum just to go to African art and it's in this crazy old. Grain silo basically it's all is that yeah you know it was this old industrial building with a bunch of concrete silos all clustered into one building and Thomas Heatherwick the architect went in and just cut out the middle of it and you walk in and it's this almost it looks like your own alien spaceship so quare does look that way yeah and it's just his here are pretty incredible and the Leafs that you can see on the on the left are everywhere radio you go to the way I'm going to picture this is amazing before actually if you wanted to see the art that he managed to collect and this is mass is what they've managed to get it's all across the whole of the African continent Zimbabwe in political commentary African American pop. You'd have to go on safari you know it's all in one place right so he had a large that you could go to concerts had a large you could go to and you could see some of the art there and he was like I have so you know it's very expensive so much art I should put it in one place and you. Right it's African art is art from the African Diaspora so African artists African-American artists all around the world and you know there really hasn't been such a huge landmark museum to devoted to this kind of are yet and it's really exciting that it's there and I think it's really actually not only changing Cape Town but the neighborhood around where this silent museum is is becoming very cool and very hip we tease this story Chris has been kind of a triple threat and we say you know those folks you know artificial hotel design addicts alike I mean there's a lot going on yes it's true there's a there we do a whole section about Brie Street which is kind of it's sort of at the heart of Cape Town's revitalized central business district and there's all these great shops great fashion accessories great kitchenware great coffee you know it's got sort of all the kind of. Sort of hip buzzwords that you know modern cities want to. Add that we're going to yeah add it to that list that we do manage to pull out many to add. Right we always talk about what it is like when it comes to pursuits there's a list of wonderful watches that you guys always cover this one has to do with World time watches which are what yes so a world time watch is a watch where you can tell the time in you know up to 30 different time zones just by looking at the face of the watch not a digital watch or mechanical watch and this is an old fashioned style of what not old fashioned but it's a it's a longstanding style of watches sort of began in the 1930 s. As a way for people who are traveling around the world just to kind of know what time it was everywhere else and you would think that these days this kind of watch would be sort of obsolete right because you get on your phone you can always see what time it is anywhere is sort of not something that you think of like needing to have a device always on your wrist telling you but actually this year I noticed that a ton of different watch companies were coming out with new world time watches. And I so I asked a retailer in Manhattan this. From Wednesday which is on 5th Avenue huge watch sailor said why is this and he said you know business people still want to have people who travel around the world for business still want to have it on their wrists and they you know they could have an apple watch or a you know an Android Wear watch but that is plasticky and metal and it doesn't look good with your suit and people really like sort of the elegance the elegance not only of the computation of the watch but of the looks of the watch with the suit and I agree it's one of my favorite kinds watches from an 810 and I'm talking about this Silicon Valley's nearest chair I don't really see anything different We're going to think it. Was very you know we got a lot of time with the writer on this so. I really feel they have a totally or so this is new chair from a company called vitro in the chairs called the Pacific and the reason why I'm writing about it is because I've ordered thousands of them for the new Apple headquarters out in California so this is like speaking of status symbol like this that has just announced here is designed officers when he does something we really do know this right so this is launch this chair from like a new sort of random chair to like a really cool Silicon Valley chair and it's basically coming up against the air on chair which is kind of what we have in this office and you have in a lot of offices is that fabric chair with lots of levers you're sort of like the broom where you move locked in there's a you don't know if you know you don't you Tauriel to like learn how to yes this was actually somebody who instructed us because I use the chair right exactly and for a long time that Aaron chair was the chair that like if you cared about your employees this is the chair that you had and this one is actually slightly less comfortable in the sense that you're not designed you're not supposed to sit in it for hours and hours and hours at a time which is why their own chair was sort of made the customisable the way it was this is just meant to sort of blend into the surrounding more. Comfortable Ok but it's not as comfortable as their own for sitting there for 12 hours you know it's meant it's meant for an office where you're up and about like your chair is sort of. Up on a journey of creation or as not some are rejecting for the whole the good thing for one could now from Silicon Valley Venia it's not a chair it's such a scheme it's keys so I'm a big skier I love skis one is is a long standing sea company and they have these is called Rip sticks which we love I love the name they're $800.00 which is kind of right to own that right yeah. It's middle of the range for sort of really high end skis and they're all terrain skis source near our scarcity critic review them and try them out into your valley try them in a bunch of different places and said they work on all sorts of great terrain so we really get behind these and recommend them you guys you talk about them and you talk about some competition to them finally the game changer and this is the man behind the mania is the animated. What's he up to so we wrote about Chris Miller D'Andrea because he runs elimination studios that made 8 films $5700000000.00 just in those 8 films you know they're among the most successful animated films of all time you know 2nd only sort of to frozen but those despicable me movies are incredible people launched a whole culture and actually at a certain point Dream Works actually asked him to be in charge of more to have like a bigger portfolio and he said you know what no I want to just focus on the movies I focus on and making them the person they can be which is so unusual in Hollywood so we have that's a game changing strategy there Chris thank you and that wraps up Bloomberg Business Week from Bloomberg Radio thanks so much for joining us I'm Carol master a long way to chatter late in get this week's edition of Bloomberg Business Week on newsstands now you can subscribe to the magazine by going to our website www dot com You can also find us on Facebook or follow us on Twitter at Radio We'll be back next week at the same time this is going to. w cockpits. They are his business I am 1220. 1 for they are his business I am 1220. Hi Phil Cowan for Essex mortgage folks make 27000 the year you stopped making your landlord rich and started reaping the benefits of homeownership with Eric Mackay and the good people at Essex mortgage what sets Eric apart from other mortgage lenders is that he's not a salesman He's an educator his goal is to get you a loan that best suits your needs not the banks and Essex is a direct lender so all decisions are made in house and if you think Home ownership is not in the cards for you because you don't have the cash for a down payment think again Eric's got several programs that can assist with a down payment if you're a vet as a mortgage is the area's premier v.a. Lender and if you're over $62.00 they also offer reverse mortgages for refinance and purchase colored McKay today at 6 mortgage and get pre-approved 916806060 sick .

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