Return to Transcripts main page
Quest Means Business
Turkey, E.U. Try to Reach Deal on Migrant Crisis; Tunisian Forces Respond to Attack Near Border; Sharapova Admits to Failing Drug Test; World's Richest Female Athlete Fails Drug Test; Sharapova: You Must Be a Pro Off the Court; Inventor of Modern Email has Died; Quest Means Business: A Daily Newsletter; Is It More Expensive to be a Woman? Aired 4-5p ET
Aired March 07, 2016 - 16:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[16:00:00]
RICHARD QUEST, CNN HOST: More gain for the Dow. It's up 60 points having been lower at the open at the session but up for most of the trading day.
Now, a gain of 62 points. The market comes to a close. Oh. We've been short-changed. Only two hits on the gavel. At the end of trading. On
Monday, it's the 7th of March.
(BEGIN VIDEO CLIP)
QUEST: Tonight, Maria Sharapova says she's failed a drug test and tells the world I've made a huge mistake.
$3 billion to fix the migrant crisis; Turkey's asking the European Union for more money. And heart felt messages for an internet legend. The tech
world is mourning the inventor of e-mail.
(END VIDEO CLIP)
QUEST: I'm Richard Quest. We start a new week together. And I mean business.
Good evening. The most marketable woman in tennis and one of the wealthiest women in athletics full stop now faces a possible suspension after
announcing that she's failed a drugs test at the Australian Open. Maria Sharapova says she was an unaware a drug she has taken since 2006 has been
put on the banned list by the world Anti-Doping Agency at the beginning of this year.
(BEGIN VIDEO CLIP)
QUEST: Sharapova's held the title of the highest paid female athlete in the world for 11 years in a row according to Forbes. Many expected her to
announce her retirement at today's press conference. What she asked for instead was forgiveness.
MARIA SHARAPOVA, TENNIS PLAYER: I made a huge mistake and I've let my fans down. I've let the sport down that I've been playing since the age of 4
that I love so deeply. I know that with this I face consequences and I don't want to end my career this way and I really hope that I will be given
another chance to play this game.
(END VIDEO CLIP)
QUEST: Right. Alex Thomas is live in London for us this evening. Alex, just to give the full version of events to viewers. The drug that she was taken,
she thought it was known as mildrinate. And she found out afterwards it's actually called maldonium and that went on the banned list in January this
year. This does not sound to me like your typical case of doping.
ALEX THOMAS, CNN WORLD SPORTS: It doesn't, but many athletes who have been exposed as drug cheats have come up with even more bizarre stories than
Maria Sharapova's.
(BEGIN VIDEO CLIP)
THOMAS: Although I'm not suggesting what she says isn't true. A lot of the facts do stack up. What happens is that all athletes in all sports across
the world Richard get warned by the World Anti-Doping Agency when there's a change to the list to the banned substances. And this changes all the time
as new science adds to the picture of what can or cannot aid an athlete's performance in any sport. And as she admitted in this news conference in
Los Angeles earlier, she got the list, probably like we all do, thought it was a bit of junk mail, I've seen this so many times. It doesn't apply to
me. Maybe chucked it in the bin. Didn't do her due diligence.
Every athlete's responsible for everything in their body. That's the rules across all sports. And as she admitted it's her mistake and now she faces
some sort of ban. It's not the loss to her tennis career Richard, as much as the dent to her image. As you said in your introduction she is the most
marketable female athlete in history in all sports. Her endorsement value alone according to the latest Forbes list, almost three types as much as
the man on top of that list, Floyd Mayweather.
QUEST: All right, so let me just be devil's advocate here. Surely, yes, obviously, she does bear the responsibility, it is her body and she took
the substances.
(END VIDEO CLIP)
QUEST: But when you're at Sharapova's level, you have coaches, you have trainers, you have medical advisers. You have an entire panel of people
whose responsibility it is to know what you should and should not be doing here.
THOMAS: Yes, and privately, I'm sure she'll feel let down by all of them. But she was bold enough, and courageous enough, to stand out in front of
the news conference and say I'm not going to blame anyone, it was me.
(BEGIN VIDEO CLIP)
THOMAS: It is an athlete's job to check everything that goes into their body. We've seen many cases of athletes that are a lot younger, maybe don't
know as much about the world who have been duped by their coaches into taking illegal substances. This is not one of those cases. Sharapova made a
huge mistake and it could cost her very dear indeed.
QUEST: Now you say it'll cost I'm just going to - I'm just going to bash away at this.
(END VIDEO CLIP)
QUEST: You say it will cost her dear, but in the absence of a further smoking gun that suggests some form of mendacity or dishonesty why would --
why would sponsors shy away? Because when you look at the facts of this one, it is very much at the technical lower end. She'd been taking this
stuff for ten years legally.
[16:05:22]
THOMAS: There's no lower end, Richard. It's on the banned substance. She has been caught doping, and by her own admission, and she is facing a
suspension. On the World Anti-Doping Agency website it refers to this substance meldonium as a metabolic modulator. It can enhance stamina and
performance.
(BEGIN VIDEO CLIP)
THOMAS: It's used in the body building world to prevent adverse effects of anabolic steroids, which is at the high end if we're going to deal with
high end and low end in terms of performance enhancing drugs.
Interestingly Sharapova's not the only one to be called out by this. Ethiopian middle distance runners, a Russian ice dancer, a Russian
cyclists, among a host of athletes have also been caught out although none of them have made headlines because none of them are as huge a star as
Maria Sharapova.
(END VIDEO CLIP)
QUEST: All right, so we're in an unusual situation here. Here's me being Mr. reasonable and here's you wanting to throw the book. So Alex what's
your gut feeling? Is the book going to be thrown?
THOMAS: I think she'll get a standard ban. And we're yet to know what that is. Although the Anti-doping rules are consistent across all sports, the
way each sport deals with them in terms of bans and first offences, second offences, mitigating circumstances, are very different. We have reached out
to the International Tennis Federation, the governing body, but have yet to hear back. We don't even know why it is that Sharapova told the world and
not the ITF itself.
QUEST: Right. Alex Thomas, we will talk more about this obviously as things develop. Thank you, Alex, for putting that into perspective.
The migrant crisis has put pressure on countries across Europe and Turkey is now offering a solution. There is of course a price tag.
(BEGIN VIDEO CLIP)
QUEST: We'll show you the price tag and we'll discuss the cost after the break. Quest means business.
(END VIDEO CLIP)
(COMMERCIAL BREAK)
QUEST: Tonight, Turkey's asking the European Union for billions of dollars in order to stem the flow of migrants from the Middle East.
(BEGIN VIDEO CLIP)
QUEST: Under the proposal, Turkey will keep migrants from leaving its shores. In return, it gets $3.3 billion to cope with those migrants living
in the country. The country's asking for a reboot of talks on its membership in the E.U. The E.U's trying to relieve the pressure on Greece.
Around 35,000 migrants are stuck there. They're unable to continue their journey as the neighboring countries have shut their borders. You can see
the situation on the Greek Islands and you can see just how bad it is now getting.
(END VIDEO CLIP)
QUEST: For many migrants of course the final destination remains Germany where Chancellor Merkel insists the problem must be dealt with at the
source.
(BEGIN VIDEO CLIP)
ANGELA MERKEL, GERMAN CHANCELLOR: (As translated) we have to talk about issues and whether we can get rid of the reasons why this is happening. How
we can get rid of the reasons why these people are coming here. How can we protect the European external borders with the Turkish agenda in order to
get a positive development for all European countries. And I hope that we get one step forward today by reaching this goal. We're going to have tough
negotiates. So I think it's going to last some hours before we get a result.
(END VIDEO CLIP)
QUEST: So those are the negotiations between Turkey and the E.U. for the benefits.
Atika Shubert is in Athens and joins us now. The Greeks are - they are basically saying they can't take any more, and those that are there are not
being allowed further on. So what is it that Greece wants from the union?
[16:10:24]
ATIKA SHUBERT, CNN SENIOR INTERNATIONAL CORRESPONDENT: Well, Greece needs more money to deal with the issue. They've been promised something like 700
million Euros over the next three years to help them cope, but that's still a very short term solution.
(BEGIN VIDEO CLIP)
SHUBERT: What they're doing at the moment is placing some 34,000 refugees that are now stranded here in various refugee camps. They've taken over an
abandoned airport, a former Olympic park and also military barracks and started putting up tents and whatever facilities they can. But it's still
pretty bare bones. So they really need more help in that regard.
And then they need a longer-term solution which is relocate those refugees that either won't be returned back to Turkey or won't go back home to their
own countries. And that is a bigger problem because many countries in the Eastern Europe have rejected the idea of mandatory quotas for refugees. And
the process for relocating refugees has been very slow. They promised 160,000 spaces last year and they've only relocated about 700 so far. So
it's a big problem.
QUEST: And as spring arrives, what are the numbers still coming across?
(END VIDEO CLIP)
QUEST: I noticed today there were some distressing reports of more migrants being killed, some children being killed, being lost at sea today. So what
sort of numbers are coming in to the Greek Islands?
SHUBERT: Well, what we know is this year alone in the first two months of the year, more than 100,000 people have already tried to make that journey
into Europe.
(BEGIN VIDEO CLIP)
SHUBERT: That's far more than we've seen in previous years. We know once the weather gets better, typically even more boats leave to try to reach
Europe. Now, NATO has offered to help the coastguard in Greece to try and turn back people smugglers. Saying boats will be turned back to Turkey. But
it is notoriously difficult to actually patrol that water border between Turkey and Greece.
(END VIDEO CLIP)
QUEST: So how do -- all right, so in this scenario, where you've now got the E.U. negotiating with Turkey for several billion euros more so that
Turkey keeps them in Turkey, and you've got them giving aid to Greece so that they help there. But what is to prevent them from leaving Turkey in
the first place?
SHUBERT: Well, the biggest thing that will prevent refugees from making this incredibly dangerous journey and expensive, they spent $6,000 to
$9,000 to risk their lives on rubber boats to get here.
(BEGIN VIDEO CLIP)
SHUBERT: The biggest deterrent is knowing what to expect when they get here. The fact that Germany and other countries have said yes we will
accept refugees but the wait to be reunited with your families when you're here could be two years or more and that it is difficult to get jobs.
Getting benefits is not easy as expected. All of these are the harsh reality for refugees when they get there.
(END VIDEO CLIP)
SHUBERT: And for example, hundreds of refugees every week from Iraq are actually returning back to Irbil in Northern Iraq from Germany, from
Finland, from Sweden because what they found is that it's not the promised land that they thought. It's not a place where they immediately get a home
and a job. And of course they don't have their families with them. So for many, they feel actually things are better back home and they are
returning. But getting that message across is going to take a lot of time yet. In the meantime, we do still expect boats and more boats to keep
arriving in Greece.
QUEST: Atika Shubert in Athens for us tonight. Atika, thank you.
Greece where Atika is facing crises on multiple fronts.
(BEGIN VIDEO CLIP)
QUEST: On the migration, we were just saying the plan to over $760 million to tackle the ongoing migrant crisis but you've still got the debt crisis.
And finance ministers met on the sidelines in Brussels where debt relief is now on the table.
Alexander Stubb is the finance minister from Finland and a former Prime Minister of the country a short time ago on the line, I asked if Greece's
bailout, well let's face it, it was only a year since we were all in Athens and then Brussels and the deal was put together. Is the third bailout going
off the rails?
(END VIDEO CLIP)
ALEXANDER STUBB, FINANCE MINISTER, FINLAND: The message was that the institutions will most probably go back to Athens to continue the
discussion. So there was no major or high drama and I think everyone wants to avoid that in the coming weeks and months.
QUEST: But you don't sound terribly optimist bearing in mind that the Greek Prime Minister is pretty much saying many of the reforms or many of those
things that were agreed might now be a stretch too far?
[16:15:12]
STUBB: Well, this is a usual case, you know, when you have a case of a creditor and a debtor. Creditor claims one thing, the debtor claims the
other thing. And obviously - I mean today has been a fairly big day in Brussels in general because there's foreign security policy getting mixed
in with asylum policy, getting mixed in with the euro.
QUEST: Do you get the feeling that Greece has a legitimate claim that the migrant crisis and the migratory flows do give it a greater burden, if you
like, and therefore, last year's agreement might be too onerous?
STUBB: Well, the thing is that all of us are bearing a big burden, especially financial one, on the migratory crisis. I mean certainly per
capita, it's much higher in the likes of Sweden, Finland and then also Germany. But this is an argument that you hear a little bit across Europe
now, what should we do with the budget because of the asylum crisis. I don't think that should be the argument pushed forward. You still need the
structural reform no matter what happens. But I think we're taking it step by step and I'm so far quite relaxed about the way things are moving and I
think that was reflected in the meeting in the Euro group today.
QUEST: You say you are relaxed, minister, but skeptics will say what we have witnessed today and over the last few weeks is everybody getting ready
for round four, five and six and that last year's deal going to fall apart before summer's over.
STUBB: Well, I certainly hope that is not the case. There are always ample rumors and discussion around the corners. I think the key issue for a
country like Finland is that the IMF is on board. And right now, we're at the stage whereby the third package, its first review will not be put
forward without an agreement by the institutions themselves. And when we're at the final stage of giving out the first lot of money, there's always a
tug-of-war between the institutions and we'll just have to see where it all ends in the next few weeks.
(END VIDEO CLIP)
QUEST: Alexander Stubb with the seemingly never ending issue as regards the Greek financial position and the bailout.
Peru is on a mission to woo American investors. The country's finance minister, Alonso Segura, speaks to us in a moment. And we'll discuss what
the country has to offer and how the Pacific Alliance as it's known how they're dealing with what has to be a monumental consequence when they've
been running their economies so well up until now. It's "Quest Means Business" the start of a new week together, good evening.
(COMMERCIAL BREAK)
QUEST: Peru's finance minister wants American investors and he's in New York to showcase the opportunities of his country. Alonso Segura is among
the leaders from the so called Pacific Alliance.
(BEGIN VIDEO CLIP)
QUEST: Now that's Mexico, Colombia, Peru and Chile. The group is going to travel to Boston, it's all part of a trade mission to the U.S. The minister
is with me now. Good to see you, sir. Thank you for joining us.
(END VIDEO CLIP)
QUEST: You know why are you here when your economies really are in quite some difficulties at the moment, what message are you saying here?
[16:24:00]
ALONSO SEGURA, PERU FINANCE MINISTER: Yes, thank you Richard. We actually came, the four ministers of finance, to bring a message to investors. I
mean those four economies are the fourth best rated economies in the region. We are all investment in great countries. And we're actually doing
quite better than the rest of the region. We are all growing, growth is accelerating so we know that the situation is difficult but we're doing
quite okay compared to the rest of the region.
QUEST: Right. But you know you've got two conflicting things. You've got the oil price at the moment for those of you who have oil resources which
has clobbered the deficit. And you've got commodities which are also absolutely clobbering your economies as well. So you have got fundamental
structural rebalancing to do.
SEGURA: Yes, but we've been doing so. And that's part of the message. We recognize external conditions have changed, they have changed quite a lot
since the last two years. But we've been doing changes in fiscal policies, macro prudential policies and also monetary policies (inaudible). So we've
been doing a revise needed and you can see the results so far. We have been growing in the (inaudible) for example, not a single month we've stopped
growing. And it's actually accelerating through the past 12 months. The (inaudible) grew 4.1% last quarter and it's going to grow about 4% this
year in this quarter. So those are quite good numbers. Even in the contest of the major, the biggest external shock, if you measured by terms of trade
or extra prices that we suffered.
QUEST: So what is it --
SEGURA: We have buffers, that's important.
QUEST: You have buffers because obviously this is the result of strong macro prudential and economic policies. Do you feel slightly angered by the
fact that all the good work - I mean you should be up to 6 or 5 or 6% plus growth. You should be in a position of alleviating poverty in your
countries more so and now you're just really trying to hold the line?
SEGURA: We've alleviated poverty very strongly. In Peru it went from over 60% to about 22% over the past 15 years. So we understand that the
situation is different. We enjoyed the good times, now there are tougher times that we saved for these tougher times. So we're taking the correct
adjustment measures and we're making and introducing structural reforms as well. So we're doing our work and we hope investors will also keep on
flowing into our economies. That's the main message we're bringing. We're different, I mean we are doing the right things.
QUEST: You're different, you're doing the right things. So I have to leave on a question. Donald Trump, now he's going to -- don't look at me like
that. He's going to build a wall with Mexico. Does the Pacific Alliance concern itself with what would obviously be more protectionist policies,
whether it's Trump or Cruz, doesn't matter, you'll get a more protectionist right wing version of trade policy in the future. Is that a concern for the
Pacific Alliance?
SEGURA: Look, first, we don't - we don't get involved in internal politics in our country so I won't comment on specific candidates. But what I can
tell you is the Pacific Alliance, all the members of the Pacific Alliance, one of the cornerstones is openness to the world. Not only through the
Pacific Alliance, we sign preferential agreements, trade agreements with many countries in the world. In the case of Peru, we have a good trade
agreement with the U.S. Indeed we have a free trade agreement with countries representing over 90% of world GDP. If you can imagine that.
We're part of the TPP, The Transpacific Partnership with the U.S. which has to be ratified by congress right now.
So I guess free trade has benefited the world, I mean the populations in the countries that have participated and there's strong evidence of that.
So I guess you have to keep away the (inaudible) collection cycles from (inaudible) that are actually being implemented. So I guess we just keep
optimist that free trade is going to continue.
QUEST: It's a fascinating issue, the whole question of free-trade. Thank you sir.
SEGURA: Thank you, Richard, and good luck with you book, congratulations.
QUEST: Thank you.
Now in the race for the White House, Hillary Clinton we've just been talking about free trade - Hillary Clinton and Bernie Sanders, they had a
real to-do last night in their debate on the issue of free trade and NAFA the whole question of what's happening with the trade issue.
(BEGIN VIDEO CLIP)
QUEST: And in the State of Michigan, after that fiery debate in Flint, the city itself is gripped by a toxic water crisis. There certainly no vulgar
innuendos, there were heated exchanges and both went after each other over their economic records.
HILLARY CLINTON, U.S. DEMOCRATIC PRESIDENTIAL CANDIDATE: We just had the best year that the audio industry has had in a long time. I voted to save
the auto industry. He voted against the money that ended up saving the auto industry. I think that is a pretty big difference.
[16:25:02]
BERNIE SANDERS, U.S. DEMOCRATIC PRESIDENTIAL CANDIDATE: Well, if you are talking about the Wall Street bailout where some of your friends destroyed
this economy --
CLINTON: You know.
SANDERS: Excuse me, I'm talking.
CLINTON: If you're going to talk, tell the whole story, Senator Sanders.
SANDERS: Well let me tell my story you tell yours.
CLINTON: I will.
SANDERS: Your story is for voting for every disastrous trade agreement and voting for corporate America. Did I vote against the Wall Street bailout
when billionaires on Wall Street destroyed this economy? They went to congress and they said oh, please, we'll be good boys, bail us out. You
know what I said? I said let the billionaires themselves bail out Wall Street, it shouldn't be the middle class of this country.
(END VIDEO CLIP)
QUEST: On Tuesday the Democrats in Michigan will cast their vote who they want as the nominee. And between now and next week almost 1,000 delegates
are up for grabs in several states. Have a look at them.
(BEGIN VIDEO CLIP)
QUEST: Mississippi joins Michigan in having a primary. They'll be another Democratic debate on Wednesday. There's a huge day of voting on Tuesday the
15th. Florida and Illinois are two of the biggest contests yet. And if you factor where the delegate count stands at the moment, Secretary Clinton has
more than 1,100. Sanders is just short of 500.
CNN politics reporter, M.J. Lee is with us now. Good to see you.
(END VIDEO CLIP)
M.J. LEE, CNN POLITICS REPORTER: Good to see you too.
QUEST: I watched last night's debate. I am - look I follow trade issues closely. I am as confused as anybody on this question now of NAFTA,
transpacific, free trade, all the issues, that one side says hurts, the other side says helps.
LEE: Right, and before we talk about the substance of the debate too, I think the tone that came out at last night's debate was really remarkable.
I don't think I've seen Bernie Sanders get that frustrated and that worked up on the debate stage so far this cycle. And I wonder - I mean you just
showed the delegate rates right now and he's very far behind Secretary Clinton, and wonder if that sort of feeling of frustration and knowing that
his window is quickly closing his catching up with him.
(BEGIN VIDEO CLIP)
LEE: And it also really does show that Clinton is a much more practiced and polished politician. We often don't see her get sort of her emotions get in
the way when she is you know having to perform under the spotlight like that. But yes, I think issues are important and we were in obviously
Michigan for this debate and that's why we hear him talk about those issues like the auto bailout.
QUEST: It was a very different debate from the rumpus that the Republicans had.
(END VIDEO CLIP)
QUEST: You know, you could arguably say who you support or one might support Clinton or Sanders. But it was a very -- i think the "Times"
described it as a geeky or wonky debate.
LEE: And no jokes about small hands or anything.
QUEST: Thankfully there was absolutely no references to those sort of things. But it went -- can Bernie Sanders still do it?
(BEGIN VIDEO CLIP)
LEE: Look, I think one of the biggest problems facing Bernie Sanders is how many he has dealt with sort of the Obama coalition. And I think that
Secretary Clinton has had the strategy from the get-go.
(END VIDEO CLIP)
LEE: She has understood how important it is to get the Obama coalition behind her. She has talked up President Obama's accomplishments. Whereas
Sanders has walked a different line right. We heard him say at a previous debate sort of questioning whether President Obama had done enough and that
certainly hurt him, if you're an Obama supporter watching this.
(BEGIN VIDEO CLIP)
LEE: Especially if you're an African-American voter watching a performance like that. You look at Sanders talking about Obama's accomplishments and
whether he has done enough and you question, well who is going to be the candidate that actually you know defends all of the accomplishments that
the President has been able to make over the last seven or eight years.
(END VIDEO CLIP)
QUEST: Thank you for joining us. Thank you.
LEE: Good to see you.
QUEST: Now the markets and the DOW, it was a late rally somewhat. Look at the closing numbers, and look at how the market did perform.
(BEGIN VIDEO CLIP)
QUEST: Down in the first hour and a half or two. And then up and then sort of after lunch, a postprandial sell-off, before a roaring back in the
afternoon. 67 points up, still well over 17,000 - well not well over, still over 17,000.
Meanwhile the S&P 500 has crossed the 2,000 mark. Still down from the start of the year. And as for markets in Europe, they were lower overall. London
FTSE saw modest losses. While the French bank led the CAC Quarante in Paris lower.
In Zurich, the SMI was one of the few that eked out again about half a percent all in all. Three down in Europe, one up - well three of the main
ones down, Zurich was up. We'll continue.
(END VIDEO CLIP)
QUEST: Martina Sharapova, has -- Maria Sharapova, I beg your pardon, has failed a drug test.
(BEGIN VIDEO CLIP)
QUEST: A banned substance which she admits she's taken for the last ten year because until January of this year, it was legal. She says, I've made
a huge mistake. We'll talk about it after the break. It's "Quest Means Business."
(END VIDEO CLIP)
(COMMERCIAL BREAK)
[16:32:16] QUEST: Hello, I'm Richard quest. More QUEST MEANS BUSINESS in just a moment, when we get the World Anti-Doping Agency response to Maria
Sharapova's failed drug test.
And we look back of the life of a man Ray Tomlinson. Now you may never have heard of Mr. Tomlinson, but he invented e-mail and he decided there was all
going to be such and such @, Ray Tomlinson we'll talking about after this. Before any of it, this is CNN, and on this network, the news always comes
first.
QUEST: The tennis star Maria Sharapova faces a possible suspension after announcing she failed a drug test at the Australian open. Sharapova said
she was an unaware that a drug she was taken since 2006 had now been banned by the World Anti-Doping Agency at the beginning of this year. At a press
conference she expressed regret and asked for forgiveness.
(BEGIN VIDEO CLIP)
MARIA SHARAPOVA, TENNIS PLAYER: I made a huge mistake and I've let my fans down. I've let the sport down that I've been playing since the age of 4
that I've loved so deeply. I know with this I face consequences and I don't want to end my career this way and I really hope that I will be given
another chance to play this game.
(END VIDEO CLIP)
QUEST: E.U and Turkish leaders are meeting at an emergency summit in Brussels. Turkey has asked the E.U. for $3.3 Billion and in exchange the
country said it will stem the flow of migrants to Europe. Turkey has also promised to take back some migrants from Greece. Europe would take in some
Syrian refugees in return.
(BEGIN VIDEO CLIP)
AHMET DAVUTOGLU: TURKISH PRIME MINISTER: With this new proposal, our objective is to rescue the lives of the refugees. To discourage those who
want to misuse and exploit the desperate situation of the refugees, meaning human smugglers. To fight against human smugglers. And to have a new arena,
Turkish new relations.
(END VIDEO CLIP)
QUEST: Tunisian authorities said at least 35 militants have been killed in clashes after a deadly assault on police in the army posts. It happened in
a town near Tunisia's border with Libya. The militants attack killed at least 18 people and that included civilians and security forces.
[16:35:00] More now on the news that Maria Sharapova has failed a drugs test. In the past few moments the World Anti-Doping Agency sent us this
response saying, "WADA is aware of the ongoing case. As is our normal process, and in order to protect the integrity of the case, WADA will
refrain from commenting further until a decision has been issued by the ITF." They went on to confirmed, "...Meldonium was added to the 2016
prohibited list," saying, "...Meldonium was added to the list because of evidence of its use by athletes with the intention of enhancing
performance."
Simon Love, Sky News Australia joins me now from Melbourne. Where people are waking up to learn that Sharapova failed that drug test at the
Australian open. Extraordinary, good morning to you, Simon, in Australia. But an extraordinary business. What will they make of it? Will there be
sympathy for the facts of this? Or will they believe perhaps she should have known better, thrown the book at her?
SIMON LOVE, SKY NEWS AUSTRALIA: I think it will be a really interesting response. Good morning to you from the scene of the alleged crime,
Melbourne Park in Southern Australia, Richard. Because here in Australia there's been a lot of talk around drugs in sports. There was an entire
almost football team that was banned at an incident at a football club for taking an illicit substance.
There was always a player over in Perth in Western Australia, Ryan Crowley, an Australian rules player, that inadvertently took a banned substance and
he served out a 12 month suspension from the game. So this news surrounding Maria Sharapova as Melbournians and Australians wake up to it. It's a
familiar setting, drugs in sport, athletes taking substances that they claim they did not know were banned. The details of this case, Maria
Sharapova calling a snap news conference in Los Angeles. Only around 90 minutes ago. And many thought that it was actually her announcing her
retirement of course after bowing out to Serena Williams, the world number one, here at the quarter finals of the Australian opening straight sets.
However, Maria Sharapova was very forth with, she was very frank and upfront. Said that she had taken a banned substance and she had received a
letter from ITF, the International Tennis Federation, to advise her of that positive test. She does not know her punishment, Richard. So it'll be
interesting to watch and see whether she will be given an interim suspension. Of course that would prevent her from playing in the Indian
Wells tournament that's due to get underway shortly.
But this substance is very interesting. You were just mentioning it before. It goes by another name of Mildronate. Now, she says that she's been taking
it for ten years, and that ten years ago, Richard, that this substance was not on the wider banned list. But it was only put on the wider ban list I
believe around the 22nd of December, so not too long ago. And Maria Sharapova says that she had received an e-mail from WADA about the new
banned substances, which included that substance she was taking. But she's admitted she did not open that attachment and look at the banned substance
list, Richard.
QUEST: Simon, thank you, in Melbourne, Australia, Simon joining us there. She's been the highest paid female athlete in the world for more than a
decade. Sharapova became an instant star when she won Wimbledon at the age of 17. Now, off the court she's also seen immense success with a variety of
endorsements. Just look at the resume. You've got partnerships with Porshe. You've got TAG Heur who have just told us they have no comment to make at
the moment. Now the taste for business even led her to launch her own candy company, Sugarpova.
She made nearly $30 million last year according to Forbes. And thanks to those endorsements, she tops Serena Williams's income, even though Williams
has more titles. I spoke to Sharapova back in 2013 when the candy line was initiated or launched. She told me her career success has come from a
careful strategy and professionalism both on and off the tennis court.
(BEGIN VIDEO CLIP)
SHARAPOVA: You have to be smart in other aspects of your tennis career. Whether it's going to a press conference and you know, saying the right
things and doing the right things. You have to be a pro. Because at the end of the day, you're not just on the tennis court.
QUEST: It's image and it's brand, isn't it?
SHARAPOVA: I think it's a little bit of everything. It's how you see yourself and it's how you envision your career and your life, and your
goals. And sometimes you think of the craziest things. I've had goals when I was quite young. When you're five years old and you're thinking you want
to win Wimbledon, how crazy does that sound? You think that's so unrealistic and yet I did, I did.
(END VIDEO CLIP)
QUEST: CNN's sports analyst Christine Brennan is with me from Washington. Sharapova says that when you go to press conferences, saying and doing the
right thing, which arguably is exactly what she did today in Los Angeles.
[16:40:00] As I was listening to her, and I'm sure you were hearing, the word that came to my mind was contrite.
CHRISTINE BRENNAN, CNN SPORTS ANALYST: Yes, Richard, I would agree. I think it's a smart move for her as well, to come out in front of this, so to
speak. Think of all the positive drug tests we've heard about and all of the rumors and innuendo. From Lance Armstrong, to Floyd Landis, to Marion
Jones, on and on it goes. What did they all do? They denied and then denied some more. And when the chickens finally came home to roost, and they
always do, they got the book thrown at them in all cases. All of them ruined.
Obviously Lance Armstrong, Marion Jones, two of the biggest ever. And so with that in mind, I think Maria is very smart to get out in front of this
and hope she doesn't get a two or four year ban which would basically effectively end her career. But maybe get some time off for good behavior,
and maybe it's less of a ban. I think that's really smart and it's refreshing, frankly, to see someone actually come clean and not deny. So at
least there's that piece of it for her.
QUEST: Ok, now on this question of sponsorship, do you think that the sponsors will stay with her?
BRENNAN: It's a great question. I think if we look at history, sponsors usually bail pretty quickly, Richard. So I would not be surprised at all if
some sponsors put things on hold. Number one, you won't - if she's banned, at least for some time, maybe not two years but let's say she's ban for six
months or on some kind of probation, well then you're not going to have your athlete playing. So sponsors want the athlete to be out there playing
that's the whole reason they sponsor people. So you've got that piece of it. And you just don't want to be attached to any of this.
And while we're hearing that it's inadvertent and she took it for ten years, there is another story, and it usually comes out that there are
other reasons. I have no clue if it was a mistake by Maria Sharapova or not, but it's certainly within the realm of possibility that it was not a
mistake, and this was systemic use of this substance that was banned and all of a sudden surprised her and a lot of other Russians, by the way.
Russian ice dancing world champion just got banned for the same drug today and there's other Russians that have used it so there's that piece.
QUEST: I'm clearly missing something, Christine, in all of this. Because I had this discussion with Alex Thomas this morning. It seems to me that what
she's being done for now is that she didn't basically stop taking it once the rules had changed. But for the past ten years has been entirely legally
taking it without any problem.
BRENNAN: Right, and I think what that tells us, I'm trying to get my sources, obviously, as this story is fast developing and I haven't yet. But
what that tells is WADA, the World Anti-Doping Agency, decided that this was cheating. That the use of this drug it's for heart problems, but that
it can be for endurance and increasing metabolism. That is what I'm hearing. And if that's the case, what they decided was enough of this. This
is illegal and we're putting it on the banned substance. And there's all these athlete, it is incumbent upon them to find out what's on that
substance and that's of course what Maria said today she did not do that.
QUEST: Right, I need you to talk about that finally, with your expertise on the athletic and the tennis world. They get this list. And they might be on
all sorts of medications for legitimate or whatever. But isn't it their doctor's responsibility, their coach's responsibility, to know exactly what
they are taking, medicinally, and say, "Whoa, we've now got a problem with this substance?"
BRENNAN: It certainly is, but I would say for a 28-year-old woman who's been in this world for a long time, Maria Sharapova, it's her
responsibility too, and she did say that. What she puts in her body obviously is her responsibility. So a doctor can say don't do it and she
could have still done it. We don't know if that's the case. But I do think these athletes, there's no excuse for this. And the old, "Gosh, didn't
know," that doesn't work. It wouldn't work for you. In your line of work, depending on what the issue might be that would be a corollary. It wouldn't
work for me. Maria has so much to lose that she had to open that attachment, Richard. She had to know what was going on. She had to be up on
this. This should be the number one thing in her life is finding out exactly what's on the banned substance, making sure that she's up to date
on that. So that is a huge mistake. If that is it, that's still a huge mistake. Obviously, if there was attempt to cheat, then it is of course,
way worse.
QUEST: In a word, ban or no ban?
BRENNAN: Oh, I think ban. I think you've got to ban someone for this. Whether it's six, eight months, a year, you have to.
QUEST: Great to have you on the program. Thank you for your insight. Thank you for your judgment on this one. Thank you, much appreciated.
BRENNAN: Thanks, Richard.
QUEST: That was a forgettable message that kicked off an unforgettable revolution in communications. Ray Tomlinson says he couldn't remember what
he wrote in the first ever e-mail. Whether it was "QWERTYUIOP" in wake of this death, the internet has shown it won't forget Mr. Tomlinson any time
soon.
[16:45:00] (COMMERCIAL BREAK)
QUEST: The inventor of modern email has died. He was Ray Tomlinson. Now it was Ray who came up with the idea for message that could travel from one
network to another. As part of a research project the ARPANET in 1971. I wasn't even supposed to happen. What Tomlinson reportedly showed a
colleague his invention and told him, "Don't tell anyone. This isn't what we're supposed to be working on." But what he did between servers at
different computers, at the heart of it was the @ symbol. Even so-called email killers like Slack and Twitter have kept it. Tributes have come from
all over the internet and from businesses that Tomlinson made possible. From Gmail, "Thank you Ray Tomlinson for inventing email and putting the @
sign on the map."
Joining me Lance Ulanoff, Mashable's Chief Correspondent, editor-at-large. I just think, you know, it's amazing. He decided, he invented the
architecture by RichardQuest@.
LANCE ULANOFF, CHIEF CORRESPONDENT, MASHABLE: Yes, He had to figure it out. Because basically there was no way to send email to individuals. You know,
you couldn't send it directly to a person. You were sending it to one computer. People would print it out and then they'd hand deliver it to
someone. That @ symbol was so critical because it became the person you wanted to send it to at the sort of host address. And that has remained
since 1971. And it really took decades for consumers to become acquainted with this. You know, it was kind of - up.net had just Universities and a
hand full of people. The internet didn't come along until the early '90s.
QUEST: And I remember being in Texas where a lot of the work was done at UT Texas, where we asked people on up.net, "Do you think the internet should
be used for commercial purposes?" And we got this flaming response, "No, absolutely..." And in the original days you were aflame if you used the
internet for commercial purposes.
ULANOFF: That is very true. I was working at PC Magazine at the time, and I still remember the big hub-bub for the first time we say a commercial like
an ad on the internet. When Amazon came along, selling something on the internet. But really without email so much of it's not possible.
QUEST: Ray.Tomlinson@email.heaven tonight. Did you realize what he'd done?
ULANOFF: No, not at all. And it wasn't until many years later, and of course because no one was really using it. And when people went back, when
email started to flood sort of the consumer space, and they went back, "Well, where did this come from?" And it kind of actually went back to him.
And he was like, "Yes, I did that." "Oh, OK." And of course there are literally billions of people now who are using email today. It's somewhere
around 4.6 billion people using email.
QUEST: Worst thing seem to sending me an email on a daily basis. It's the tyranny of the urgent. Isn't it? I keep telling colleagues, telephone me if
you want me know something now. Don't assume I've seen the email.
ULANOFF: Well, what's very interesting is that for consumers they're shifting away from email to social networking. So those numbers are
shrinking, while business is where email really happens. And the worst thing people can do is write back an email to someone that says "got it."
Don't do that.
QUEST: I use R-A-U., read and understood.
[16:50:00] Good to see you, sir, thank you. Wonderful to have you coming in.
And my Profitable Moment about Ray Tomlinson. In fact I've sent him an e- mail. Just a few minutes from now the Profitable Moment will go out as part of the "QUEST MEANS BUSINESS" newsletter. Read my email. You should be
receiving it in your inbox in a few moments if you've signed up. If you haven't, go to CNNMoney.com.
As we continue, raises, perfume, dry-cleaning, no, not necessarily all in the same thing, but they do have one thing in common. It's known as the
pink tax. And our special investigation is next over who pays more for these things, men or women.
(COMMERCIAL BREAK)
QUEST: On the eve of International Women's Day, here is a depressing thought for you. It might be more expensive to be a woman. Now some recent
studies have shown women pay more for a variety of everyday products and services simply because they're designed and marketed for women. Sounds
entirely reasonable to me. It's often known as the pink tax. So we decided to put Clare Sebastian and Samuel Burke head to head to see who was going
to end up paying most.
(BEGIN VIDEOTAPE)
CLARE SEBASTIAN, CNN, REPORTING: All right, Samuel, so these are the rules for today. We have exactly the same shopping list, same items. Only one
difference.
SAMUEL BURKE, CNN MONEY, BUSINESS CORRESPONDENT: What's that?
SEBASTIAN: You're going to buy the men's products.
BURKE: And you're buying the women's products.
SEBASTIAN: And we're going to see who spends the most.
BURKE: All right, let's hit the shops.
Excuse me.
(voice-over) First on the list, an everyday item.
(on camera) Do you really think I need a razor?
SEBASTIAN: Yes, I would say. So, Samuel, we've got three different types of razors.
BURKE: But all very similar.
SEBASTIAN: Well they're similar, we tried to get the closest equivalent to male and female.
BURKE: how much did you spend?
SEBASTIAN: $35.79.
BURKE: I spent $33.83. So I saved about 2 bucks.
SEBASTIAN: (voice-over) The store told us there are many different factors that go into the pricing. One of the manufacturers told us the items were
not identical.
BURKE: I knew it, I knew it.
(voice-over) Our next item, a plain white t-shirt, went the other way.
SEBASTIAN: This was $5.99.
BURKE: And gents this was $6.99.
SEBASTIAN: (voice-over) When it came to the perfume, though.
(on camera) We got exactly the same brand. Eau de Toilette for men and women, exactly the same size.
BURKE: $76.21, not cheap.
SEBASTIAN: Not cheap, neither was mine it came to $84.92.
BURKE: (voice-over) Dior declined to comment on the difference.
SEBASTIAN: (voice-over) Online, we found female equivalent brands also priced higher by Calvin Klein and Armani. Neither of those companies
responded to our request for comment.
BURKE: (voice-over) A recent study by the New York department of consumer affairs surveyed almost 800 items from health care products to kid's toys
and clothes and found in 42% of cases, women pay more.
(BEGIN VIDEO CLIP)
MICHAEL CONE, TRADE LAWYER, FISHERBROYLES: Consistently, we find that women are paying more for goods in the aggregate then men. It's not enough to
say, hey, we have an item, look here, this costs more for a man than a woman. That doesn't negate the aggregate result.
(END VIDEO CLIP)
SEBASTIAN: (voice-over) The retail industry says prices are set all along the supply chain from manufacturing to distribution and gouging never pays
off.
(BEGIN VIDEO CLIP)
TED POTRIKUS, PRESIDENT AND CEO, RETAIL COUNCIL OF NEW YORK STATE: It's gotten so completive that if a merchant of any stripe just says, "Ah, well
this one's for a girl, so let's add another 10% percent to it." They'll be gone, they'll be gone in no time flat.
(END VIDEO CLIP)
[16:55:00] BURKE: (voice-over) For our last stop, we're off to the cleaners, each with a plain white shirt.
SEBASTIAN: This is our biggest difference so far. For my shirt, a woman's shirt, it cost $6.50.
BURKE: And for a men's shirt, which I thought looked just like Clare's shirt, only $2.50.
(voice-over) The cleaners told us it cost more because they have to press the women's shirt by hand. For men, they can use a machine.
SEBASTIAN: So I paid more for the razor. Samuel, the perfume and the dry cleaning.
BURKE: The only thing where us men came out ahead was the white t-shirt.
(voice-over) It's a short list for a very complicated issue.
(on camera) You know somebody at one of those shops thought I was your husband.
SEBASTIAN: (voice-over) He wishes.
(on camera) Clare Sebastian -
BURKE: - and Samuel Burke -
SEBASTAIN AND BURKE: CNN money, New York.
(END VIDEOTAPE)
QUEST: And you expect me to be sympathetic to the women's cause on this particular one. Listen, tomorrow night, I'm on very thin ground, it is
International Women's Day. Well we've got the very best names you can hear from. Christine Lagarde, Diane von Furstenberg and Arianna Huffington. It
doesn't get much better than that. And they'll all be with us on QUEST MEANS BUSINESS tomorrow night. A Profitable Moment after the break.
(COMMERCIAL BREAK)
QUEST: How to mourn Ray Tomlinson, the man who gave us e-mail. On the one hand my in box is bursting with thousands of e-mails, many of which will
never get opened or read. On the other hand, he gave us this invention that brought the world together. Thank you, Ray.
And that's QUEST MEANS BUSINESS for tonight. I'm Richard Quest in New York. Whatever you're up to in the hours ahead, I hope it's profitable. Let's get
together tomorrow when we'll do it all over again. Good night.
END
