Back in the u. S. , a potential deal is causing Stark Division between the white house and congress. We have a regime that has never quite kept their word about anything. I dont understand why we are signing an agreement with a group of people who in my opinion have no intention of keeping their word. It is surprising to me that there are some republican senators who are seeking to establish a back channel with hardliners in iran to undermine an agreement between iran and the broader International Community. Cory russias foreign minister has left the talks. He says he will return only with a realistic understanding of a deal. The index of pending home sales has hit its highest level since june 2013. It posted a 3. 1 gain last month indicating a pickup in the Housing Market ahead of the spring selling season. Gains in employment and rising rents are convincing more americans to buy homes. A pair of deals in the Health Care BusinessUnited Health has agreed to buy a pharmacy benefits company for 12. 8 billion in cash. United plans to combine it with its own drug benefit unit. A team of pharmaceuticals is buying a san diegobased company. Intels possible acquisition of a fellowship creator could be announced within the week. Lastly, people familiar with the matter told us intel and altera were trying to be the log gets the largest acquisition of intels history. Tesla ceo elon musk has tweeted tesla will unveil a major product line april 30. He tweaked it is not a car. He says he is very optimistic about the future in china despite low sales certainly off among chinese salespeople. Now to the lead. Indiana legislators are looking to clarify the states controversial law which is average many. The law allows businesses to deny services to people based on the businesss religious views. Among those speaking out in the Tech Community is apple ceo tim cook which we did apple is greatly disappointed. Marc benioff is limiting employing travel to indiana. Angies list has withdrawn a proposal to expand in indianapolis. Here is ceo bill oesterle on the law. As nothing to do with creating jobs are educating children. It has nothing to do with attracting talent to the state of indiana. Cory this week, governor pence to spend of the law defended the law. His tolerance a twoway street or not . There is a lot of talk about tolerance having to do with people on the left but here in indiana, steps forward to protect Constitutional Rights and privileges. A freedom of religion for people of faith and families of faith in our state. This avalanche of intolerance has been poured on our state is outrageous. Cory we couldnt find any businesses that spoke out for the law. We are joined on the phone by chris. This law has drawn a lot of instant reaction from the Tech Community. What is different about this law and this time that similar laws we have seen in many other states over the last year or so . Chris thanks for having me on. If you look back to arizona and the fact they were going to be passing a bill that is very similar to this, which is eventually vetoed it shows the Tech Industry and Many Industries around the country and the world realize that this is discrimination in its most blatant form. This terminating in business or those around the country is bad for business. Tim cook said it in his oped that discrimination is bad for business. I would turn around and ask governor pence why was it a closeddoor session then . Why was a closeddoor signing if he was truly feeling this is a good law for the state of indiana . Cory jerry also joins us from bloomington, indiana. He is the director of Business Research at indiana universitys school of business. When you look at this, is there a sense that this was going to have a big impact in the global Tech Community or is this a local issue . 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 noted cases in the last week to have stepped forward changing plans. Angies list was going to build a 40 million facility involving thousands of facilities and that seems to be on hold. A website out of San Francisco has a major operation in indianapolis and they are talking about limiting flights to indiana and traveled indiana while this is in effect and traveled indiana while this is in effect. If they wanted to bring in more skilled people and people looking for a free lifestyle to go with it as they do in many cities, i think it creates challenges in bringing in those people. Cory i have been amazed at the visceral reaction from marc benioff. He seems to have taken this on and trying to encourage a lot of people to speak on this. He posted on facebook late last night saying in response to this unjust legislation, we are reducing employee travel to indianapolis and canceling all marketing events requiring customers to travel to the state. We might offer Financial Assistance to salesforce employees impacted by the discriminatory environment and want to move out of indiana. To me, this is kind of unprecedented in modern times. The ceo of one of the Biggest Companies in the world is saying he will help people leave the state because of the laws passed. Jerry it is a strong statement in getting a lot of attention. There has been a lot of comment by businesses about the problems that this legislation has perceived to cause. I think perceived because the legislation itself is really unclear. It doesnt directly address anything having to do with groups that would be discredited against or not. And basically sets forth judicial standards by which cases would be judged if there is a conflict. Unfortunately, this legislation poses two basic types of freedoms. Freedom of religion and freedom from discrimination to potential come to butting heads. The only ones that may come out ahead from an and him impact is the Legal Profession from an Economic Impact is the Legal Profession. Cory quickly broadening this let me read from this oped in the Washington Post this morning. This is a political issue this is not a political issue or religious issue. This is about treating each other as human beings. This is the Biggest Company in the world by a market cap and it is run by a gay man. Is it unusual for such a leader to be so candid on this issue . Jerry i think he realizes that it is important for him to be outspoken about this. Last year, i was on bloomberg west talking about his announcement in alabama and coming out eventually as gay. It is important for him to be a leader in his position talking about the importance of treating each other with dignity and as human beings. The lgbt community, each individual and a committee is just as human as the next individual standing next to them, whether they identify as lgbt or not. At the end of the day, for business what matters is getting the job done. We continue to produce technology that is changing lives each and every day. I feel that tim cook sees that. He realizes discrimination is extremely bad for business and this law is rationalizing injustice for so many. Not only the other bt but taking a direct hit at the lgbt community. Cory christopher and jerry thank you very much. We appreciate your time. Up next, a streaming app that took sxsw by storm. Nearmeerkat. It is happening real time here at bloomberg west. Cory this is bloomberg west. The ceo of the breakout video streaming app meerkat. We will talk about the rivalry that has emerged. First, some top headlines. The german wings copilot believed to crash the plane of purpose was treated for suicidal behavior years ago. Here is a spokesperson from the docile door Prosecutors Office from the duesseldorf Prosecutors Office. We had at that time he had at that time been in treatment of a psychotherapist because of what is documented as being suicidal. Cory German Authorities also created a Homicide Commission to investigate whether the copilot intentionally crashed the plane. Greeces proposal still needs a lot of work. The 15 page draft proposal. Is sure on information and they could run out of money in weeks. The National Football league making a separate business. Has bridget operational control to the nfl on location. The new company will be called newco providing unique fan access to the super bowl, draft and more. It is one of the most talked about at launches app launches in recent memory. We are talking about meerkat. The app lets users broadcast live videos and comments with the smart phones to twitter. They cannot save the videos. It is like snapchat meets vh1 pop up video and i dont know. It is falling from 140 on the iphone app download chart to 523 yesterday. Meerkat ceo ben rubin joins me now. Amazing attention to what you guys are doing. The App Store Numbers have fallen off. What do you make of this . Ben we have been in the live video space from within two years now. We have known success and failures before. One thing that is interesting to see about meerkat is that it was able to unlock behavior of Live Streaming behavior. People that wouldnt live stream otherwise are now Live Streaming. Cory so we are meerkating right now as we are having this conversation. Gil martinez is holding your phone. People want to watch this broadcast while it is happening, what do they do . Ben the moment you go live, it is published on twitter. Everyone who follows you on meerkat gets a push notification and they can watch you from the web or phone. Cory they can go to my twitter account or your twitter account and see this . Ben yes. If you are commenting on it, it will be shown on your twitter account. Cory tell me how your business works because you launched at sxsw right . Ben no, we launched out product hunt. It was a side project. We had a product of live video and we closed that. It was 400,000 users that we had and we shut it down and went to this exploratory mode. We said we will release a very simple product every two months. One of them was meerkat. We had six experiments. The first one we put out was meerkat on product hunt on february 27. We didnt plan to do anything at sxsw but the community was extremely supportive. Cory there is also this search for the next big thing. Twitter was launched at sxsw. Ever since, people have tried to find something that would be the next twitter. Ben twitter was out nine months before sxsw. There is a cultural readiness. There is a technological readiness. We dont look at it as kings or queens or anything. It is more about is the technology now allowing a different behavior that could be impactful in a meaningful way . If we can allow people to participate in a large audience to participate in that happening by removing friction from going live or removing fiction from watching in different places in the world, everyone can watch live stream from their pockets basically or stream it from their phones in their pockets. That means the cost to go live and distribute to a large audience is literally zero now. Cory i wonder what people are commenting now. I also wonder that instantly Twitter Announces they will pull the rug out from under your. Twitter is announcing a competitive product. Is that a sign of success to you . Ben it is a sign of success for the space. For us, twitter was a launching pad. We didnt expect to be so received so well in the beginning. We understand twitter and the business decision it is making. It is a good sign to see the company that is very smart with a great product like twitter is doing steps in this direction. Cory we can have a further conversation later on meerkat. We appreciate you coming by. Really cool stuff. We will be right back. Cory this is bloomberg west and we just spoke to the ceo of meerkat. It is in a battle to rule the live video space. The app lets users stream live video from their chemistry to their social media feeds. Is there room for two . Meerkat, periscope and other apps launch on places for people to discover cory to me the launch of meerkat or the attention it got and then twitter pulled out the rug and launched a competitive product. What do you make of that . It is interesting that meerkat and paris scope and others are colliding in this space at the same time. This happens frequently. It is not that twitter is copying them or vice versa. It is a change of behavior and change in technology that is pushing people to look at Live Streaming as a medium. Cory what is the inspiration . Snapchat helps create the behavior of people sharing insuring themselves serendipitously in public. The screens are better on phones and everyone has this Live Streaming device on their pocket in their pocket these days. Cory i will not try to figure out who will succeed. I wonder when you look at businesses that are marketplaces versus businesses out there. When there is a marketplace that is hard for competitors ebay has a lock on online auctions still despite the efforts of some competitors like amazon. Is there room for lots of Different Services like this or will everyone go to where everyone is because that is who you are sharing with . There is a lot of room in the Live Streaming space. One is focusing on Live Streaming video games. Cory it is huge. It is still early and who knows how the audiences will converge. It is still early. Cory i wonder if the existing social graph like facebook knows who my friends are. Linked in as a different graph of me and twitter has a third graph of me. There is a lot of overlapping. His expectation of these businesses that people will have dozens of social graphs or that the couple of companies who owned that like twitter or Linkedin Facebook will own everything on top of that . That is a good question. Meerkat launched using twitters graph. I think the tv graph is relevant to maybe a twitter graph but it could be different as well. The people you watch on tv and the tv shows you watch a different. Cory thank you very much. Bloomberg west will be right back. Cory you are watching bloomberg west. On cory johnson. The campaign to become the next u. K. Prime minister is officially underway. David cameron visited the queen today marking the start of the formal campaign. He says the opposition of the leader of the Opposition Party david miliband, is not fit to be prime minister. I know what it takes to lead this country and i dont think Ed Miliband David Miliband has it. Some say dont make it personal, but when it comes to prime minister, the personal is national. Cory hes as businesses are concerned that miliband will take the country out of the European Union and says the labour party is committed to staying in. U. S. Spending for consumers decline for the first time in almost a year. The reading indicate the biggest part of the economy will find it hard to sustain momentum after the best quarter since 2006. Colder temperatures and snow in the middle east and throughout the northwest could be part to blame. Ebay stuff of is suing ticketmaster and golden state warriors. They are being sued over measures that unfairly blocked the resale of game tickets. The law hinges on stubhub and the warriors policy of reselling tickets. Stubhub claims the listing of tickets has fallen by 80 over the last year as a result to limit resales. Dreamworks new movie home is a hit. The movie took home 50 million in the opening week, smashing expectations. It is the best opening for the studio since madagascar 3. The strong debut means that debuted dreamworks may avoid a loss on the film. 2. 5 million songs will be streamed through alibaba apps. They will also help to detect against the Copyright Infringement of bmg artists. It has been determined that Emily Powell Pao was not a victim of discrimination. If i have helped to level the Playing Field for women and minorities in Venture Capital then the battle was worth it. Although she lost the trial she did bring awareness of the issue to light. Joining me now to discuss this is sarah kuntz and you see law professor. Sarah, let me start with you. This case as a journalist im sure that i know there is discrimination, sexism. Straight, white guys like me dominate Silicon Valley and the financial firms, but as a journalist, i can say here is an example of it, when the jury says this is not an example of it. The things the jury was asked to rule on were incredibly narrow. When we heard during the trial was sort of a referendum on pao s years at Kleiner Perkins, but the journey was really deciding on snippets of that, and whether it meant typical legal standards. We have seen other cases where Public Opinion can differ from what the jury decides. There has been a lot of that recently around ferguson, the i can breathe in new york. Definitely something that happens. I think you can still look at something as a learning experience and take insight from it even if they do not win the case. Cory can i acknowledge that there is racism, and the horrible things that have happened in missouri happen in missouri, and did not happen here . Of course. Just using that as an example of Public Opinion going one way and the court going the other. Cory joan will we remember this as an important case . I was surprised to see it on the cover of the new york times. I think it is a very important