Broadcasting live to New York Bloomberg eleven, Brio to Washington, d C. Bloomber to Boston Bloomberg Well under It, to San Francisco Bloomberg nine to the Country's Zooeus Exam General one ninet and around the globe the Bloomberg Radio plus Zapp and Bloomberg got gone. This is taking stock. Coming up on taking stock, a look at North Carolina and discrimination.
The North Carolina Governor Pat mccruary saying yesterday that the sweeping anti LGBT bill that he signed into law was never about discriminating against people based on their sexual orientation or gender identity. Well, it may not have been his intention, but many businesses, including PayPal Holdings and Deutsche Bank, have said that they are not going to expand will not include businesses in their future plans. Right now in North Carolina,
we'll be talking about this. Uh. Coming up on taking stock, first to Catherine Countering the Bloomberg Newsroom. Thank you, Kathleen, and Bloomber. Taking stock is brought to by Sector Spider e t S. Why by a single stock when you can invest in the entire sector? Visit sector spdrs dot com or call one six six sector et S stocks are declining. The S and P five hundred is headed for a three week low. Mixed economic reports are weighing on the market. One report showed service companies expanded in
April at the fastest pace in four months. Another from the Favrell's Processor a DP showed companies higher fewer workers in April than estimated. Jason Shanker, chief economists at Prestige Economics, says that a DP number doesn't surprise him because he thinks the labor markets will start slowing. The problem is that the mix of jobs is shifting away from household
formation jobs. You've had a lot of WS is an oil and gas and manufacturing jobs, and so the job that you're you know you're filling in with are not sustainable I think for new household formation. And I think that's one of the reasons in March is housing starts, building permits, and new home sales all go down, even though the back into the yield. Kurt Felt, we check the markets every fifteen minutes throughout the trading day of
Bloomberg Radio. Down industrial average is down one hundred five points six tents of a percent is trading at seventeen thousand, six hundred forty six SMP five hundred, down thirteen points six tenths of a percent of two thousand fifty then has backed down thirty five points three quarters of a
percent to forty seven twenty seven. West Texas intermediate crude oil up twenty cents of barrel to eight five spot gold down ten dollars ten cent c nce at twelve seventy ten year treasury of five thirty seconds with the yield of one point seven seven percent. And now if for a look at some of the other stories were following today. I'm Bloomberg Radio. Thank you Catherine from the Bloomberg newsroom. I'm Ramie in essentio. This news update is brought to you by the jeep Grand Cherokee, the most
awarded suv ever. The Grand Cherokee continues to raise the bar with its luxurious interior and legendary four by four capability. Drive one at your local G dealer today. John Kasick, the last man standing in Donald Trump's path to the Republican nomination, will end his campaign later today, making Trump the party's presumptive nominee. Two people close to the campaign tell Bloomberg News the Ohio governor, will suspend his campaign. In a speech at five pm Wall Street Time in Columbus, Ohio,
Donald Trump is now focused on November's general election. Trump tells ABC News that he is not worried about a new CNN poll showing Hillary Clinton leading him by more than ten points. There was seventeen people that I had to win against, and now it's going to be Hillary. So we'll see what happens. I mean, it's going to be I think a very interesting rate. Democrat Bernie Sanders says the fight is not over after beating Hillary Clinton
in Indiana. A university in Ohio has agreed to pay seven hundred twelve thousand dollars to a former football player who says he had concussions that led to a permanent brain injury. Former offensive lineman Cody Silk alleged bowling Green State Universe, these coaches and medical staff did not pull him from practice right after he suffer concussions. And New York's iconic Stonewall Inn, where the modern gay rights movement took root, will become the first national monument honoring the
history of gays and lesbians in the United States. That's under a proposal. President Obama is preparing to approve global news twenty four hours a day, powered by our journalists in more than one hundred fifty news bureaus around the world. From the Bloomberg Newsroom, I'm Ramie in essentio. Thank you, and now let's get a quick update of the equity benchmark. Stale Industrial averages down ninety eight points at seventeen thousand, sixty two s and p f I founded down twelve
point at two thousand fifty one. The nastack is down thirty six points at forty seven seven. And that's a Bloomberg business flash. You're listening to Taking Stock with Kathleen Hays and Pim Box on Bloomberg Radio. Lord John Brown is the executive chairman of l One Energy. He's the former chief the executive of BP. But he is much more than just those two titles. He is also the author of a book, The Glass Closet, Why Coming Out
Is Good for Business. He is also the co author of Connect and Lord John Brown joins us now from London. Lord Brown, thank you very much for being with us. Thank you for having me. I want to begin by just stating that you have spoken recently about the events regarding your departure from BP, and also why you chose to stay in the closet for much of your life, and also the way in which the world has changed
in recent years with regard to LGBT issues. Uh, I wondering if you could speak to your particular experience and perhaps connected to what is going on currently in North Carolina many. I'm sure you know the news about PayPal and Deutsche Bank saying that's not where they want to be expanding absolutely well. I, as you know, I was. I'm a child of the forties, and when I was growing up, being gay was first illegal here in the UK and secondly not a way you could really do
anything in society. But more importantly, I had a mother who was a survivor from Auschwitz, and she taught me a couple of lessons which lived with me and kept me in the closet. The first was never tell anyone a secret because they are used against you. And secondly, never be an identified member of minority, because when the going gets tough, the majority always had the minority. And I think it's that point that I'd actually pick out for North Carolina and one or two other places in
the US. Clearly, when the majority feel that the under threatened anywhere at all, majorities tend to turn on minorities. Lord Brown and interviewing. When your book first came out, it's a great book, and it's a very uh it's almost a management book in some ways, because a very passionate argument for being your authentic self at work. And
I want to talk about that. But in regards the specific question of North Carolina, this legislation the government governor now claiming had nothing to do with being anti gay or transcender. It had to do with privacy. Are there cultural shifts that need to be respected or do people just have to realize they've got to get on board To a large extent, A lot of this to me seems to be generational. But you know, the younger generation is much more accepting of differences when it comes to gender,
raise so many things. Older generations did not grow up this way. They're less so I think that is true. There were many different standards of behavior, if you will, and what was regarded as acceptable and unacceptable in the past, and indeed succeeding generations have changed that over time. To me, the most important saying that people have I believe everywhere in the world trying to struggle with is how to be how to include people, how to bring them in
rather than push them away exclude them. In business, this is one of the most important things you have to do, whether it is with the team you're building, or whether it's customers or communities you're working with. And the reasons for that is inclusive teams. Inclusive businesses actually work better, they make more money, they make higher profits that can be proved by studies. Uh. And that because they're including people and they're passionately giving them some passion to go forward,
rather than making them stand outside a team. So I think that is beginning to change. I am aside be concerned. I have to say with many young people who come into corporate life while they've been openly gay at university, they go straight back into the closset when they come into business because they feel that it's an item which might get into the way of getting the way of their advancement. Lord Brown, you were chief executive a BP
from to two thousand seven. You have advised five prime ministers and built a reputation as a leader um in doing in doing all those things and then writing this book, Have there been any reaction from people who you thought were friends who became even better friends to you, or people that then reacted in a way that you thought
you were surprised by. The curious thing I think to me was when I came out, I actually thought that I'd lose most of my friends, I'd got lose respect in business, people would cross the street to avoid me,
and actually the reverse happened. I had a vast amount of support, and over the period from two thousand and seven, I've been making new and different friends, people who want a debate not only issues to do with LGBT inclusion, but also their impact on human rights and the rights of people to be themselves in societies which are very complex, not only the US and Canada and the Europe and the UK, but also around the world. And so it's it's something quite different has happened, and I think they
will do respect people being themselves. Thank you very much for being yourself with us. Lord John Brown, executive chairman of l One Energy, form A, chief executive of BP, the author of The Glass Closet. While coming out is good for business, you're listening to taking stark, I'm pim Fox My co host Kathleen Hayes, and This is Bloomberg Radio coming up on taking stock. Roger mcmeee, founding partner of the venture capital firm Elevation Partners, talks about Facebook, Apple, and cannabis.