Transcripts For BLOOMBERG Bloomberg West 20150317 : vimarsan

BLOOMBERG Bloomberg West March 17, 2015

Failed to reflect the full value of the companys portfolio. Many from california to arizona. Hillary clinton must turnover her personal email server saying a third party will determine what is and what is not. American people deserve all the facts on what happened in benghazi. It is important secretary clinton turnover her personal server to a neutral third party. I think this is the fairest way to make sure we have all the documents that belong to the public and off and ultimately all the facts. Cory house publicans proposing 5. 5 join dollars in spending. They would cut medicaid and food stamps and partially privatize medicare. Fcc chairman tom wheeler tells the House Oversight and Government Reforms Committee that president obama crafting the new rules. They do not show the new rules until after the plan. Apple excepts androids flown phones under the Trading Program according to a person with knowledge of the program. Apple wants to accelerate gains made against android smart phones from competitors such as samsung. Now to the lead, the buzz and Silicon Valley for the last month has been financed. A lawsuit filed against her former employer. Looking for 16 million in damages. Plenty of bigname wit misses to a partner who tired who testified yesterday. Perkins is the best place to be a woman in business. Joining us right now is redstone and sarah frier. The trial that makes Silicon Valley shutter. Why is it a shuddering . For many reasons. This is one of the brightest lights in the capital universe. This is also done a really the best job in the firm of evangelizing female lead entrepreneurs. Here they are ironically being called by one of the partners. Also one of the stories were working on next week. The trial demonstrates a lot of what is being talked about. Not about these very visible forms of sexual harassment, but the subtler biases. That is really what the cases about, whether she was treated differently than the male partners. Cory i think that is why this resonates. Here we are, two white dudes but that is kind of a common scene in Silicon Valley where men far outnumber women wear white dudes and asian men outnumber women as well in the workplace. When the case was filed it was before lean in and before tech Company Started releasing their dismal showings. It is a world in which it is called out when you make calls. Everything is very sensitive to all the things mentioned in the case. Whether she was told she had to take notes, even though she should have been at the same level as the men. That is really the thing people look at here and think, i have seen myself in that it i have talked to a lot of women in tech and i do not know what happened to ellen pao will, but i do know that looks a little bit like me. She is alleging she was kept out of meetings, that she did not get the same seats on the board that males got. Is that the essence of her case . There is more to it. The kind of behavior she was criticized for was exactly the kind of behavior prized in the male partners. Being combative having strong opinions, having sharp elbows with colleagues. She had negative performance reviews. She is alleging there was a double standard. There are other comp locating parts of this case that make it a trial. She had a consensual affair with a coworker and after they broke up, the coworker made her life miserable. Cory the senior partner with the firm, a few details emerging from the child pair that seems to be a central part of the complaint that in some way, it was consensual but should not have been allowed in that they were treated differently when it came out. She was not a perfect symbol of a woman being wronged. Sometimes, maybe she could do everything to get deals done, and she is saying, you should have listened to me when i did this or that, but a lot of the trials are really hinging on, issue likable, issue somebody we can trust, is she somebody in a position to be at the firm, whether or not she is a woman, just raced on her personality . That makes it a lot murkier. Cory worked for years and years while she was at morgan stanley. She was a tech analyst when i was a very junior position. Known remembers this, but she made some really bad calls and plenty of good ones. I am sure she heard of that from the trading floors where the environment is anything but warm and welcome. When she compared what perkins was like at wall street, she said, it is fantastic. That is right. An irony here is that they have done a better job not only in investment banks, but at other Venture Capital firms. If you look at the website they look like the directors of the moose lodge from 1912. And they did a much better job. At the same time, there is a real question as to whether, in the leadership, which, at the time, the operating committee whether they werent sensitive to some of the softer and subtler forms of bias. Cory does she have a shot here at winning the case . She is one of the first people to bring this kind of thing out into the open as the industry is discussing these things. She has a chance but a lot of these things will be very carefully decided and the jury is asking all the right questions. Cory bloomberg west will be right back. Cory i am cory johnson p this is bloomberg west. The Labor Department says 39 of 50 states out of jobs in january. Six is 7300 jobs in january. The second place, ohio. Shale producing north dakota continues to have the nations lowest Unemployment Rate of 2. 8 despite the collapse in oil prices. Sonys profit in the Third Quarter surged. Image sensors and ps for konsyl, sony delayed the fallout after the hacking of the film the interview. The heck cost the company 50 million. Super mario coming to your mobile device. A new partnership with nintendo will develop games for outside mobile platform for the first time. Here is nintendos president. I often hear nintendo is in a crisis situation p ryan well aware we will not be able to survive if we do not act accordingly to the changing industry trend and customer tastes. The deal came at the right time and will generate great synergy to both sides. Cory the big switch for nintendo which previously thought it could survive by just selling games for its own consuls. Apple is reportedly finetuning its television plans. The wall street journal says the companys is online debut will be this fall and could operate two dozen channels on apple devices, including cbs and fox. Universal will not be a part because of its falling out. For more, lets bring in the president of a Research Consulting firm via skype. We believe the final apple tv which we heard was a major undertaking by steve jobs, still alive as Walter Isaacsons look will be published . What were happen . It looks that way. I have been expecting it for a while. I think we have got another example of another reason some people will cut the cord. Cory does an apple tv need to be the device . Could it be Something Else more like what they have already got . Michael it will integrate with what i am sure they have already got. It will be important with the phone and the tablet. We will have a lot of connected tvs. At least the journal reported it will be multiplatform. That is certainly what the consumers want. Cory the notion that content is king, how important are these deals . Do you need 400 channels because your users are going to want 20 of them, but you do not know which 20 . Do you really have this type of business around the right 20 channels . Michael you can have a business, a smaller size, round big channels that do not include espn . Ive i think that is literally the elephant and we all see it. There will be small groups of people taking that service and this service. And i like to liken it to a number of differences ares all cutting away at the cable board. Cory i wonder about that. Espn is the elephant in the room. You must see it going to the pipes with how much cable providers have to pay to carry espn. A lot of tv viewers would much rather have Downton Abbey then yes and if van espn, men and women, particularly women. Michael you are also in right our data shows people who watch live sports on espn are considerably less likely. The number is half of what we have seen nationwide. Cory maybe that is the point and maybe that is the advantage that if the court coders want live sports, and if live sports is the most expensive problem, then the entire universe of cord cutters, the entire universe of people who want to watch things on demand and on their devices, would be the available universe for apple and their products whether they stream mtv to their ipads whether phones. Michael that is exactly right. A lot of people will be willing to take this sort of service and other services. It will be harder and harder for the msls to use just a few channels as a way to keep people plugged into the Traditional Service or this will not happen overnight. It will happen in little drips every day. Cory does this mean sports in some way, rather than being the great uniter of society and in need of technology in television, that it actually is something of a divider . We will have a time not too long from now on one side, court cutters will have one kind of program and people who want to Live Programming will not have cut the cord because they want to watch sports . Michael it looks like it will be a financial divider. Rude honor teams, but i am not sure. I think we know not Everyone Wants to pay for that. Cory what are the biggest pieces of content decides espn that apple does not have yet . Michael you said at the beginning that nbc is about to dispute their problems with apple. That is a huge issue. A lot of hits on nbc. A lot of people watching the today show and the evening shows. The prime time shows. The network is one thing, the affiliates another. This is a mixed ups do right now. They are just starting to appear. Cory we will be right back. Cory special guest toes, the chairman of yahoo and the former coo board member. He brought with him another big game to Silicon Valley, as big as you can get. I granted you a 49ers this game game this year. I know you are a fan. How do you know each other . We met about five years ago. It once in a lifetime opportunity. I went to see him and said, how can i help and how do i get involved . Cory you and i first met and i was arguing. It is interesting because it is a technological marvel. What were you trying to do there . We wanted to bring out the best of the bay area and really make that the staple through technology and sustainability and really make lehigh stadium the focal point of everything i think is great about the bay area. Most importantly, we want to make sure there is a seamless transition going to the game. When you can use a smart phone or a device interest in everyday life, order merchandise have finding, make sure everything that is difficult about going to a game, having your ticket being able to transfer those tickets we make that seamless. We want to make sure we can use wifi and 4g technology to really enhance your experience. The technology is so cool, he is creating it as a company and taking it on the road. Can you talk about that a little bit . Sure. Levi stadium was a peachtree disc and now, john paul is taking that on the road to other sports and Entertainment Venues around the world. Cory interesting. Baseball had such Great Success with that. Now theyre streaming hbo, which shows they are clearly in a technological leader pier you have an advantage there specifically around what . It is really about revolutionizing the venue for fans, taking a lot of the pain points away and allowing the fans to know the venue better and the venue to the fans better. Cory the owner of the mavericks he boasts a reconstruction of that has a lot of the same ideas. I do not know if he would say so, but it feels like he would say, i do not want every technology. He told bloomberg there is no question people use phones and devices that games, but they use them at the board. How do you balance that case . Quite fans are going to use the phones. That is what people use and that is what theyre going to do. Instead of having them get up and go stand in line for a beer, you can have it delivered for you. Instead of steny line for a restroom, you can use the phone and say, the line is red and a few sections down, it is green. You want to make sure that again, those points are taken out of the live venue experience. One thing i use is i get to control which plan want to replay and when and how. So often, you are on a break and waiting for the camera to come back. I can look at a play and replayed at any time. Cory i was really struck. I went to a couple games at levi stadium and i caught some great weather and there was a lot of fun. I went to a game with crummy weather in seattle. It was a great game. They lost, but the difference i noticed was particularly this news stadium. The seats at levi stadium were pretty empty right after halftime. It was packed and they were passionate and i thought that gave the team an advantage. Do you think about developing technology and how it will affect what is happening on the field . It is an important deal for every stadium. Getting people to stay there see and i have to leave and go back to the bar and everything else. For the first year at levi stadium, they are still trying to figure at the venue and figure out everything that work and does not work at levi stadium. It is a lot different than the candlestick. From zero amenities to a lot of amenities. Trying to transition to the next generation and really making levi is new home of the 49ers. Cory do you think that affects the play on the field because it was quieter after the break . I do not think that has a big effect on the field. Marshawn lynch has a bigger effect than anyone else. Cory theyll stay with us and talk about leadership in Silicon Valley. Cory lets check on some of the Bloomberg Top headlines. In february, the most in 14 years. The department saying work again at an annualized rate of 890 7000 houses, the fewest in the year. Economists blame extreme winter weather. Pushing into real estate. In ireland insurers at kennedy holdings. Seeking investments beyond Corporate Bonds and government debt. Are persian life threatening u. S. Jobs . We are happy to compete and love to compete. That is not good for the United States and is not good for jobs. It is therefore something we think we should have consultations about. Cory allowing them to offer artificial fight stager. Google has unveiled its Google Play App store. It wants to address concerns parents have on childrens smartphones. It will also start using a team of human experts. Admissions before they were allowed into the app store. Twitter and rhapsody teaming up to make a music streaming sites songs available within the social network. It says subscribers will be able to post sauce to twitter. They will get a free trial of twitter. Partnership is twitter pauses latest attempt to get users to listen to posts. Return back to our special guest host this hour. Also back with us, the 49ers ceo for super bowl 50. Super bowl 50 will be at the niners. What have they done to get both ready . Can you guarantee as good a game as last years game . I would rather have a blowout where the 49ers participate in that. For us, we will get ready one day at a time on the field. A long way to go for the 49ers. For the bay area and levis idiom, we will be the most philanthropic super bowl to take place. We are putting two point 5 million back into the community already. The super bowl announced that last week. We have got everybody in the bay area working together from san jose to San Francisco. We offer the best of the bay area, it will be an unbelievable week. Cory here you are trying to manage one of the most important businesses flat out in a pro bowl of Business Leaders whether it is tim cook or all of the other people i cover that i will not be so nice to on the air. You have got to be one of these senators down here. The big news of the day, a 20 fouryearold linebacker after a breakout year. Announcing his retirement, what do you make of it . We respected it at i love chris. A great kid is certainly a surprise to us and some teammates. You have to respect that decision. If he fears for his health and safety going forward, i do not want someone going out there and doing something i would not feel comfortable doing. I would never try to talk someone out of retirement. It was not an easy decision for him but we respect him and wish him the best. Cory you go across the defensive oriented team, you have got pat willis retiring and it is unclear what is happening with justin smith. Do we know what is happening with him . He has been working out with the guys. We obviously would love to have justin back. He has got to be comfortable going out and if he is not, we will have to step up and have someone else take that place. Cory you made a tough decision. You said it was mutual and he said it was not at i do not really want to get into that but when you make that kind of decision about moving forward as a leader, the fans, since we said the interview is happened questions and emails, how could you let that guy go, even if everybody hated him . Great coach. Bill parcells was a great coach. This guy was despised sometimes by his own teammates in his own players. What matters besides winning . Things off the field obviously matter. We have not been able to win a super bowl. What were trying to do is build a team that focuses on core strengths come like any other company you want to talk to. You will focus on core strengths spirit i think we got away from that little bit and tried to be too much of something that we were not. You will see them get back to the basics and let them make plays. That will give us an opportunity to get back. You look at our offense last year. It was not where it should have been we have better talent than what our results showed. I am not inexpert in terms of writing plays and doing things like that. I know our players are equipped to play the game and compete for championships. We need to make sure these things are together and moving forward and giving a chance to ultimately host and win the super bow

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