Showdown, i am joined by hans nichols. Was the decision to suspend russia from the g8 unexpected or business as usual at this point. Not blow it too much out of proportion. Summit inwas a g8 sochi that president clinton wanted to host. They have moved the summit to brussels. It will be a g7 summit. Impose realt really sanctions on industries. They have posed sanctions on i spokeals there at with the president of the European Commission then asked him what the effect was of taking the g8 and turning it into g7. Class we are very much in favor of a dialogue with everybody in the world and we keep our no sense ton, makes be discussing these issues in the g8 for him. Brussels, the same dates planned. The consensus we have out the summit is a threat. A threat to have additional sanctions, including banking, and other aspects. If russia changes the status quo and if russia moves troops from russia into you eastern ukraine, that also means russian been accepted as the status quo and there is very little diplomatically that you can do to dislodge Russian Troops from crimea. In terms of the g8 and g7, it seems like russias reaction is that the g20 is what really matters and we do not really care. Base near. They essentially said, we do not care. , therd this last night foreign minister saying the g20 is still the premier forum for dialogue. When i asked the very question, if theres any talk about kicking russia out of the g20, he said absolutely not. Russia is still very much a part of it. Other issuesst of that at least diplomatically, you need to keep the lines open. This is not simply a oneway relationship. This is as usual in terms of russia to some extent. Thank you for your report. Moving and shaking this hour, a russian billionaire, pretty soon, you may be able to call his nba team control ofder the his russian company. He says Vladimir Putin asked russia own other companies he registered locally as well as pay taxes. The move may keep his investment out of the reach of lawmakers and if more sanctions are posed in the wake of ukraine. Not so fast. A spokesman for the nba saying the league has not receive a proposal to change the ownership structure. Staying in russia, the country that has played host to the Winter Olympics is getting shunned and phasing economic sanctions from the g8. The territory is fighting for a spot on the international stage. For more, ryan is in moscow. Just heard from hans nichols, saying russia is not paying that much attention to the g7 idea. Any word from Vladimir Putin right now . No. As far as we can sell, the russian president does not care russia has been kicked out. If he does care, he is doing a good job pretending he does not. He presided over a war an Award Ceremony for actors and yesterday presided over an Award Ceremony for people in the olympics. The stance they have taken here turn a deaf ear to western pressure and go about this and this as usual. , prep as they concerned crimea is a done deal and they will not go to eastern ukraine. Subject to interpretation and question, but they just want this to be over and move on. Hoping they will not actually see economic sanctions from the west very in the meantime, what are the sanctions particularly by the u. S. . The sanctions in place right now, the individual sanctions, are not having much impact. What is true is the threat of sanctions appears to be. Ndermining Investor Confidence we are seeing a lot of money leaving russia. The Economy Ministry last night said moore has left this year than last year. Last year was bad. Capital flights so far stand at 65 billion. I was talking to the head of the russian largest bank who said, the economy was already in bad shape going in. If we see even a little bit of money leaving the country, that could mean russia is having a session. [indiscernible] [indiscernible] perfectly can get the receptor. Some of that money was already leaving the country before march 3. That was when president clinton asked the Federation Council here, the parliament, for permission to send troops into crimea. It is difficult to distinguish how much sanctions have to do with all the money leaving russia. It looks like they are playing at least some role. Class we are looking at russian growth under two percent. The white house has been tooting. Ts own horn technically, had that been the case in the last two weeks . That is a good question. It is important to distinguish what we are seeing in the markets. It is true all of this is not that good. I was talking to the ceo of the bank. It is up on the month against the dollar and the euro. A lot of russias his problems, the second worstperforming currency amongst emerging before theey began sanctions. I was speaking with a Senior Western banker. I cannot name them because they are concerned about the situation, but what they were saying was it is in the west interest to show the sanctions are having some kind of effect or make a argument because they do not want economic sanctions so they have to show constituencies they are doing something. It is very much in the russian interest to say or percent or pretend these are having a bite. There are real economic problems here before the sanctions were imposed. Beis convenient for them to blamed now on the sanctions in the west and as opposed to owning them up and taking them as their own problems. Whereve a convenience everyone says, absolutely, the sanctions are her rent this, although the reality might not exactly be that way. Does itat point, what mean for the everyday russian on the street . It seems like glutens has been soaring. All the talk of economic sanctions will blow over. They do not believe in it. They think it is a lot of rhetoric for the last. In terms of the extent they are playing a they are hundred 6000 credit card of russia isbank the only firstever russian Bank Sanctioned by the u. S. Government and they decided not to service those peoples credit cards in compliance with sanctions. Displeased because they cannot buy anything with their credit card. They can just go to their cash machine but cannot do anything more than that. And their credit cards is not a big deal. Were to beBank Sanctioned, that would be huge because it would shut down all transactions within russia. And that is between russians and russians. But that that has not happened yet. Clearly, were not there yet. I have to ask you about basketball. What do you think the opportunity is to move the nets . You have spoken to them many times. Ithere in russia, they call the whole idea of taking the legal entity of the brooklyn is toere into russia bring an asset owned by russia back. It is a popular theme and it does not like the fact these are offshore. Not change anything. The nba might object, funny enough, the sanctions and the asset freezes on the inner food ands circle, they are kind of encouraging russians to bring money back into russia. In a way, the sanctions are playing into president clintons master plan of getting more russian assets offshore. Another convenience between the west. Ryan, thank you for your report in moscow. Time for todays lumbered the number. 70 billion. That is the amount of money expected to flow out of russia in the first quarter. Than oner is higher originally proposed by president. Lintons advisor German Companies in particular are one of russias is a guest sources of foreign investment. Coming up, do not forget about what you learned from sports. We will talk to a business professor who says nice guys can finish first. Plus, battling billionaires on the highspeed. How a couple of sailors plan to compete in and around the world race. Classes United States decided they wanted windsor ontario, just right across the river from detroit or Something Like that, and we went up there and sent our tanks in, could we get away with that . [laughter] thereoubt the people would approve. [laughter] a pretty funny idea. Lets talk about being nice. Wall street and the world of finance are not always known as environmentals environmentalists. His look, giveandtake, adam grant, one of the most in demand proof ons offers case how nicely you treat others can improve your chances at success at work and transform entire companies and communities. Welcome. A great way to spread some cheer tuesday morning. Give me an overview of your book. Thank you. I divide the world into different kinds of people. Givers, takers, and mattress. Takers never give back if they do not have to. Here help others without strings and in the middle, matchers. Most of us are there. Me. Help you, you help back and forth to her most people think matching is a safe way to go. The givers are surprisingly successful. This has through ginny roots in your own research. Questec couple of decades of evidence. Sacrifice for others. They arent a lot of trust and build strong relationships. I was able to read some chapters in your book. Examples . Ve me some entrepreneur, adam, was able to see the social potential of the internet and realize, this is not just a way to share information. Nowhere butpages go one of them really skyrockets. The band is called green day. That worked out well for green day. Adam gives them the site for free as opposed to selling them and he eventually gets an email from a punk rock fan and says, he hates your page because when he searches for opera, he gets green day and we all know they are not punk rock. I neverdisappears and talk for the next five years. Five years later, adam starts a company and reaches out to the guy for help. The guy just sold the company for 6. 7 billion. Forfunds his Company Millions of dollars. What companies can learn about this . We have a nice graphic here ceos. G at the best linkedin ceo had 100 rating their. Number eightand had a four percent reading. Victorias secret ceos 85 . Nine. Uckerberg is now what might the ratings tell you about the Corporate Culture of the companies. Extent toflect the which ceos are givers and takers. It is one of the reasons the Jeff Wiener Linkedin as a ceo, trying to figure out what you can do to put your Employee Interest first, there may actually be longterm value in sending the prison out the door and allowing them to grow and rise in terms of the referral they give to you. How has the corporate style changed . More giving or more selfish . A lot are working more on. Creening out takers like if you are extremely self is, how do we not let you into the door. He will stay with me, because i have a lot more questions. Just ahead, a big day at this record. Why two familyowned companies are seeking redemptions in the Affordable Care act. A bank of america alumni hoping to empower women to her mobile commerce venture. Why getting the right fit matters. Stay in the loop. Taking video, unreal. More than 1300 seats maybe my biggest fear. The video was released yesterday as men were arrested. All will be donated to charity. I am alix steel, in for betty liu. Bloomberg television is on the market. We are taking a look at futures, rising ever so slightly. S p futures are up six points. Out the Dow Jones Industrial average up. Family members and pastors on airline jet following the announcement and the flight ended in the southern indian open ocean. Flightional search for 370 and released to the data behind the decision to declare there were no survivors. Off, ao bernie made ponzi scheme. The men and a few women hired with little or no Financial Experience convicted by a federal jury after a fivemonth trial. They will be sentenced in july and could get 20 years in prison. Lawmakers in georgia approving a bill that allows guns in bars, pools, restaurants, airports, which also expands on the states stand your ground effect defense following the Sandy Hook Elementary School shooting in december 2012. I want to bring back the professor and giveandtake author adam grant act with me now. My producers told me im a nice person and i like to give a lot and i do not demand a lot from myself that im not positive airtime a very bold. What is your vice . Advice . And that is not a good thing. Quite the goal is not to be nice for other people but to look out for others longterm best interests. People shy away from giving feedback and do not play devils advocate enough and fail to give constructive criticism Everyone Needs to hear but nobody wants to hear. A little more of that would not hurt. That is not necessarily a taker but a giver in the right way. A clean slate here. Adam recommends to do five minute papers. That is a way of adding a lot of value to the peoples lives. Every week, try to make a few introductions. People really appreciate that. One of the things you do is people a reputation possess you and them become your guardian. You are a matcher, believe those people ought to be punished. In terms of salary, shortterm, but longerterm, how does that equate number wise . Class the amount of time you devote to helping others contributes as much to your salary as your actual performance to your job. Others is an equally important part. With whitecollar jobs and corporations versus minimum wage and lowpaying jobs here . What you will discover is the ways people help are different. A whitecollar job, it is the case share knowledge and promoting creativity and innovation is critical. A blue collar job, is more likely that helping people will do is getting work done more efficiently or finding better ways. Class of youre making 7 25 an hour seven dollars and . 25 an hour, there is not that kind of Corporate Culture. Class another example that proves otherwise, a waitress who volunteered to help others in a cook would quit and she would volunteer to do the cooking, they needed someone to move abroad and open up the first restaurant. Even though she is undereducated and under experienced relative to others, because she is motivated to help, she is the only person who has done every job in the restaurant. She gets the promotion at age 20. Then she is the owner of cinnabon. You work really hard at being a giver but you have a family in a couple of kids. How do you say, no, i have to take care of me. Yourure clear about who priorities are. Family first, students second, cali third, and everybody else fourth. Request, the other thing is to ask whether you can make a contribution. Others a biging service if we end up saying yes when we are not in a position to help in a meaningful way. A if you were presented with task, how can you make a giver rather than a demand . A lot of it is trying to figure out what people need. Many requests people bring to you are, i am trying to solve a small problem but they lose sight of the fact theyre looking to accomplish something many times, int. Would take a step back and asked the question, next week, with the remember this, and sometimes that requires a different form of help. Talk to me about Cheryl Sandberg trying to ban bossy. I think it is a great idea for her to say, a lot of girls get called bossy when they try to lead. It does discourage a lot of girls from leading. My Vantage Point is to say, we definitely want to avoid any label that will make girls say, i do not want to step up. But we need to teach girls not to engage and in behavior like that. When someone tries to exercise power without status. I cannot tell you what to do if you do not respect me. You have to earn admiration before people will follow you and listen to your orders. In giveandtake, i talk about how compromise and caring are two ways to earn that that is. Look out for the goals of the group and when you step up to lead, people will admire you and not call you bossy. I was able to read a couple of chapters before talking to. Changed my view and made me tired on how much more there is to do. Thank you for sharing your book with us today. We appreciate you stopping by. Pretty good, so check it out. Following,e we are the copresident and cocoo. He has beenoo the cochief chief executive officer at j. P. Morgans corporate and investment bank. Coming up, if you want to buy lingerie but hate going to the story, there is an app for that. Join me next then, it is a battle of brains versus the leaders. We will meet a cellular a sailor planning to be the wealthiest sailors using only his education. Quite a race. Stay in the loop. A manziel awkward shopping for his life and department stores. Whered you turn if you are a woman who hates to get measured and shopping for intimate apparel . She found the answer. She took her experience for her husband. An app that allows women to try s at home and lingerie most brands do not even offer a rate this this range of sizes, including half sizes. Heidi joins me now. Good morning. A fascinating story. The biggest standout to me is i take a picture of my iphone, of myself in a mere in a tank top, and you can tell me what broadsides i am. How could you possibly do that . Class Computer Vision algorithms. The iphone itself is a Standard Unit of measure. What our technology is able to do is calculate the size of your body in relationship to the iphone. We can calculate your precise measurements. Our app ask as a virtual measuring tape. You can take a twodimensional image and turn it into 3d. Exactly. Unbelievable. Ow did you come up with that . I was at google and dreading brought shopping. It was last on my to do list. The bras start a 39 and go up to 74. That is like victorias secret or something. Each brought is custommade for each woman. You cannot massproduce. It is not truly custommade. We offer additional sizes. We created a half size just for them. You are still able to massproduce and the customization comes after that. The customization is able to personalize the brought. Choosing the strap or lace collar you really love. You recently raised 5. 6 million. Who are your biggest investors and where will the money go . , we areour or his really using the money to fuel future growth of additional styles. We are expanding our size range and launching an android app in the coming months. It is harder because it goes back to the fact that it is all about the size of the phone. With android, there are hundreds of different phones. We are working on it now. Fi