>> welcome to "lunch money." let's take a look at the menu in motors. we will road trip to new york. -- two detroit. aluminum? a ceo, dealmaker jimmy lee opens up on how he got where he is in his career, part of a weeklong series here on bloomberg. tribute to the former israeli prime minister laid to rest. finally, more than just the words. it allglobes, they had

last night. we will have fun with that. inking it off, two the names headlines over the weekend and over the past few days. chris christie. very different situations. the question everybody is wondering, are these guys telling the truth? we will start with a-rod. he will set out the entire 2014 major baseball league season. cut the weekend, rodriguez suspension on repeal. the suspension for violating the performance enhancing drugs -- he was the pelt on the wall. they went so hard, they are paying for cooperation. they wanted to make an example of this guy who went to such lengths to lie to major league

baseball. let's see if it terminates -- permeates the rest. >> rodriguez says he will fight the decision in federal court. he said the evidence was not put in front of a fair and impartial jury. know there slim but we yankees do not have to pay the $25 million salary for the season. >> a-rod has underperformed in the last several years. the highest-paid player in baseball. if they could get rid of that salary, they would want nothing more. togives him enough relief get under the luxury tax. now they can go out and add goingr pitcher they're after without having to pay the luxury tax. this is the best thing that could've happened to the new york yankees. >> any chance the yankees will get relief beyond the 160 two games? >> no. this is it. >> let's say he comes at the end of next season and he is not

healthy and his hip is bothering him. >> insurance would pick up the rest. ofuld he retire because injury, then insurance would pick up a good portion of his contract and the yankees would what we to worry about would do. >> the other public figure also facing questions about what he knew and when, chris christie, under pressure to disclose the scope of his it ministration's involvement in the four-day traffic jams the mill suggests are politically motivated. he will have to face crucial tests over the next several days. he delivers the state of the state address tomorrow. thursday, the donor -- the toocratic led assembly holds assemble its investigation. he did actually get support on talk shows. he did not realize and he did not know. is pretty- it

credible he would not make this blanket denial. >> he stood there for 100 and 11 minutes in an open dialogue with the press. if brock obama and hillary clinton would give us 111 would we findt out some things we would want to find out about obamacare and benghazi and the irs. >> that is what people say in front of the tv cameras. to find out about obamacare and benghazi and the irs. >> that is what people say in front of the tv cameras. the word behind-the-scenes? >> it is fascinating to me. watching cable tv and reading papers, it is fascinating how much caveat in there is. in private conversations, and this is the dirty little secret. i have not had a private conversation with any elected official since this became a big -- theywhich they can said to me how dare you. everyone of them says, it would not surprise me. he better hope he was not involved and if he was, he

better hope it does not come up. >> still skepticism a leader just would not have known. collect the skepticism comes not from his performance. skepticism about the chronology. certain ailments of the chronology make people wonder, how could that be. this small group of relatively junior people take it upon themselves to do such a thing without telling the boss? people know chris christie. as john and i make clear, he is a tough. -- tough guy who does they and his way. is it impossible he knew about such a thing? no one thinks it is impossible. he denied it. that performance gives him the say, "i haveo shown accountability and gotten rid of people close to me, and to try to move on. >> a very big part of getting ahead. week on do not all

"lunch money." and for pushing boundaries. the detroit auto show is coming up and motors next. a massive protest in bangkok. they are trying to shut down the city. the demonstrators want time with the prime minister to reform the country's legal system. here it is. [speaking another language]

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and motors, the detroit road trip, the city going through a hard time. the north american international auto show is still be auto event of the year. before we go there, a little bit of business we have to kick take care of -- to take care of. >> we are happy. he has been terrific and a great ceo. gets the conversation off the table. on as thean staying ceo for ford. it can now get on with selling cars. that is what they have got to do. the 50th anniversary of the mustang. mustang is the quintessential ford car. i have way too many of them. i have taken a personal interest in every mustang i have come out with since i joined the company. i was in europe for so long and you could not buy a mustang over there. i never understood why not

because everyone loves them there. you will now sell this worldwide right when your biggest competitor comes out of europe. you're going in there without -- all of the products you want. what does that mean for ford? sellr products we everywhere. what is cool about mustang is is it -- it is billed for the roads. the acceleration and the balance of the car, the europeans will love it. i was introduced in barcelona. we have a right-hand driver. it means we can sell it in the u.k. and other places that have right-hand drives. it will be a world car. you mentioned you cannot get them before. dealers used to gray market them in because they wanted him so badly. >> another headline grabber. ford unveiling its new pickup. this thing is made almost entirely of aluminum and not steal. >> this is a big departure.

aluminum body, military grade aluminum. everybody knows that will take a lot of weight out. better fuel much economy. what people are missing is the capability of this truck is greatly enhanced. redefining the best-selling vehicle. >> i do not think so. , it is thekground next material for the automobile industry. pricingest thing is the of the aluminum. we will now put this on our most successful be at -- vehicle. how for pound, aluminum is stronger than steel. captured,apability is the light weight of the engine, the downside -- downsizing. this will be tremendously by ford customers. >> he puts such a huge on the ecosystem and

the environment and a fuel efficiency. he said we still have the power, the big truck power here. will we see a v-8 here? can you do it with the v6? >> that is part of our durability testing. the mining industry and the construction just to do what we do. to make sure it is an improvement in the toughness. offerthe engine, we will four engines now. two ego boost engines. truck in the this baja without telling anybody. >> it did really well. that will be a v6. we will have a v6 and a five liter v-8. and the economy responsiveness that goes with those engines now, with a lightweight vehicle, the response time and handling will be a tremendous improvement.

>> a competitor i will not name put out a knit and -- midsize truck. do you feel the need to go there or does it cover all of those basis? all ofelieve it covers those for consumers. we have them in all the different price ranges so they can get the capability. also, this small segment has got to be a small segment. .t is taking over >> no new ford ranger? ford ranger, and number one smaller pickup around the world. that market will change and started about again. we will have that vehicle here immediately. >> the competitor was gm motors. about 200 pound lighter than f1 50 today. if you look at better fuel

economy and you look at where we are today and what happens in the future on a regulatory basis, we do not want to offer a cure to midsize truck. that was a formula a lot of people tried to make work. have got a four- cylinder that makes 193 horsepower. we have got a turbo diesel yes turbodiesel. those are six with over 300 horsepower. this truck will be the quietest in segment. it will be the most beautiful in segment. we have lineups we are frankly not putting in our big trucks. it is a different value equation and different capability equation. it is a different operational cost the nation people will really be interested in and it will cost less. not everybody needs a full-size silverado everyday. do want is wi-fi.

he will offer mobile hotspots in many new cars. that means you will have web service wherever your cargoes. >> we have been in the business for 17 years now. to put this pipe in the card to enable people to do things, create a mobile hotspot in the car and use the technology, it is really a great thing for everybody in the car. from voice recognition and being able to voice command and use the clout and use onstar from a safety standpoint, we really take care of our customers with terms of safety and simple things like my kids having flat tires. that type of 4g is a huge enabler. neword will introduce 23 models this year. that is double last year cost a total. the profit forecast was lowered 12%. >> is because we are investing

more on new products and new production. the neatest thing about our plan is profitable growth over the long term for everybody. our most happens to be aggressive launches. we will launch 23 new vehicles in 2014 and we are also it banning our production capability. and one inew plants brazil. we are also increasing our production and a lot of investment this year and we will continue to deliver profitable growth over a long time. a really strong year. >> you had a record year in china and putting in new factory all over the place in europe. will that continue? hiring? of >> we are hiring a 11,000 new employees. 5000 in the united states. point, this is increasing production so we can continue to serve the complete family of vehicles.

will have more coming up. the man in charge of mercedes will join us from the show room floor. here is something. trucks on the slopes. how cool is that? he is jumping. ♪

>> secrets of success. betty liu is out with her new book "work smart."

♪ >> number one is you have to work hard. there is just no getting away from that. number two is you have to prepare like crazy. you have got to be organized and make lists and be super prepared. i am a huge believer in proper -- prior preparation prevents poor performance. this probably sounds counterintuitive to the first and maybe even the second. your family has to come first. whenever i give speeches on this topic, people say, how can your family come first if you have to work all the time? if you are hard -- highly organized, you can do it. put the kids school play on the calendar and the soccer schedule, whatever it turns out and treat those sessions like it was a meeting. one of the things about dealmaking is reparation.

going into the meeting with the board and the ceo, really knowing your stuff, is critical. what would i tell my 25-year-old self? grow a through more -- a few more inches and gain a few more pounds and try to make it to the nfl. >> what sets successful executives apart? >> they find balance and manage their time. the most important thing seems to be in a matter what they are doing over there with, that seems most important thing. that is why you can be with your family and should be with your family and they love it. that is why when you're in the boardroom, everyone thinks that is all you're concerned about. that is why when you're on the golf course, that is the only thing that matters. it is that precision and focus in the moment. >> to be highly organized. talk about some of the top

headlines trending over the past week. i thought this was an interesting article. spelling mistakes. that e-mail etiquette can actually help you get ahead. talk about some of the top headlines>> here is why. mark zuckerberg says, you're a cool dude and i will see you sunday. very casual. >> buyer company one day. >> instead of blacking out and then asking people what the proper form of "dear sir" and all of the stuff, he writes back a casual, "hey, when i am town, i will hook you up. a lot of people were taken aback by that casual. it is not the proper form when you are speaking to someone who is superior, but that is the point. if you do not speak to someone as a superior, you equalize yourself and put that person at ease and there is a connection. >> interesting.

the number one article, which i thought was also fascinating, what bosses should not be asking employees to do. but would that be? >> a lot of that drive employees crazy, like, we are all going out after work, you should really come. here is my favorite charity and you should donate their. evaluate your peer and yourself. this is really big. evaluate me. the table if i am going to long in a meeting. ask people to do things you would not do yourself. go out there and unload the truck with people so they know how important these things are. some of these things are nonsense goal -- nonsensical. >> all week, we will have more interviews with global

leaders, how to get ahead. i learned a lot. from one leader to another, israel says goodbye to the former prime minister next in world. plus, prescription for luxury. the mercedes chairman from the detroit auto sure -- show. ♪ x it is 26 minutes past the hour. we are on the market. let's take a look at where stocks are trading right now. not a lot of movement today. the major averages have been fluctuating between gains and losses right now. slow with 2/10 of one third percent across-the-board. individual movers, shares are moveg a very decisive downward and they are following the most since june. they are cutting first-quarter outlook. sales have decelerated meaningfully.

in major acquisition, the liquor market, holdings with companies -- $16 billion. we will have more on the markets in 30 minutes. more "lunch money" is next. ♪

>> this is "lunch money. " today's moving picture, where the video is the story. a fire has destroyed most of an ancient town thought to be the answer -- inspiration for the mythical shangri-la. and -- paradise paradise. over 200 homes have been destroyed, sadly. video.edible in ukraine, and opposition leader was seriously injured. oh tests have become more

violent recently. citizens have been fighting the president posses decision to forge a trade deal with russia rather than europe. how is this for delivery? a rocket carrying supplies at the international space station. a mechanical arm was used to grab the cargo carrier. -- nasa is paying $3.5 billion to deliver cargo. israel laid to rest his former prime minister today. suffered a stroke in january 2006. he had been in a coma ever since. a controversial figure, the former prime minister drew praise from israelis, respect from world leaders and scorn from arabs who regarded him -- >> he led a life of two half. the war of independence hero whose troops help the sinai of

egypt. the maverick would change the course in 1973, and the nationalist champion who built weres of settlements that essential for security. most notoriously, there was 1982. the massacre, during the invasion of lebanon. defense minister, he had indirect responsibility. as opposition leader coming paid a visit to a disputed jurors along shrine. with peace talks collapsing, this sparked violent protests. they morphed into an uprising. response, hetough was elected prime minister four month later and this is where the second life begins. in 2003, he etc. president bush's roadmap for peace. with all seeks peace

its arab neighbors. >> he was later unilaterally from the gazaelis strip, handing it over to the palestinians. nicknamed the bulldozer was now hailed a peacemaker. peopleed a party to push forward. in 2006, two months before election, he suffered the second of two strokes and spent the rest of his controversial life in a coma. was among the four in dignitaries. >> when a close-knit country like israel, a country that has been tested as much as israel, loses a man like the prime , it does not just feel like a leader.

it feels like a death in the family. it feels like a death in the family. >> tony blair was also among the dignitaries attending the memorial. from theman joins us detroit auto show next. it is also the first on bloomberg. ♪

"lunch money." we are also streaming live. we have gotten something special for you. matt miller is on the detroit auto show with the man on theedes, ceo of diamond and first on bloomberg interview. just stick with dr. z, very difficult for most americans to announce. we are glad to have you with us. it is difficult to pronounce your last name but they are making your cars. tell us about that. click that is true. for0 years, we are running

trucks and we are happy to with the quality and the dedication of the folks there. it is therefore a great place to have the mercedes cornerstone. >> i wonder how much that has to do with great sales that you had in 2013. i was shopping for an suv and i walked into the store and each and every car and suv in there has a placard saying exactly where it is made and where the parts are from. it seems to be the best strategy have ever heard of. on the one end, the business is global. people do not care too much about it anymore. still, even though it is a truly we use it.uct,

class you are selling a lot more of the smaller and sportier cars. i know a lot of guys from silicon valley, they made their first million and they have got their own business but they are 26 years old. how important is that to your strategy e >> extremely important. doing exactly what we were hoping for. we are selling now with 83% of conquest. that is an unheard rate. clearly are gaining new customers. we traditionally have the highest lows of all grants. if we imagine all these -- omers will stay with us >> it is a gateway drug. kids, theyave their get to the class. they get older and they have a chauffeur. aresical -- >> people

camping outside and waiting it debt for it to be delivered. >> one of the huge trends of this show seems to be technology. you have been lauded. your ask class is the most technologically advanced luxury car on the road. does it trickle down as well? class almost all the new technologies, eight months ago for the first time, now available, including driving a production car. no one else's offering that at that point in time. we are here ahead of time. we have 100 engineers sitting in palo alto for decades, being part of the community there and therefore helping us to be at the forefront of this technology. >> the heart of silicon valley. let me ask you about your successful sales year in the u.s.. you regret -- regained the top spot in 2013.

number one is not a bad place to be. how important is it to hold onto that? create a product, and then notnumber of sales, it is our primary goal, but we like when it is getting or coming there, but we will not get desperate in 2014. we have a good chance to stay there, but if not, we move on. >> how do you feel about 2014? the u.s. auto market has been on an incredible run. europe has been an incredible slump here it is there a little turnaround on both sides of the ,omentum in the u.s. continuing and we see $4 million in 2014, another five percent up, in europe, we see the end of the downturn at a very slow slide. recovery is won or two percent

this year. asia, still more momentum. a little slower than it used to be. altogether, we expect something in the vicinity of five percent. >> do you see the recovery in europe in any way following the recovery we had in the u.s.? will we see a big pickup in 2015? the one end, the global economy has opened and everything depends on everything. on the other hand, we have very specific issues in europe with the euro. we are starting to overcome the challenges. we benefit on the one hand, especially in germany, from recovery in other places. we create our own momentum in europe. i do not think it will be following in the sense of inclinations. in 2015, it would better than 2014. 2014 is already better than it was. >> it is hard to look out and even economists have trouble

looking past the next month. let me bring it back to the u.s. here. finally, tuscaloosa, we talk about that is where you are building these. you have been hiring more workers. do you continue to build on your workforce here in the u.s.? can you build globally as well? .> we are adding another product build intense goes up. tuscaloosa. altogether, our efficiency is going up. our productivity is going up. are growinggh we very fast, more than 10%, our employment was able -- stable. .e grow outside of germany all the growth comes from other places. >> excellent. i have got business questions done within i can spend some

time checking out these products. thank you so much. we appreciate your time. back to you in new york. >> matt, thank you. coming up, winners from last night's golden globe awards. plus, a little heat from cohosts next. we will have some more fun with matt at the detroit motto show all day on blaber television. that is cool stuff. day onoit auto show all bloomberg television. that is cool stuff. ♪

>> the fed -- 71st annual golden globe awards posted by tina fey. no one was considered safe from these two. >> a very good evening to everyone here in the room and

all the women and gay men watching at home. [applause] >> so brilliant, proving there are still great parts in streep overr meryl 60. matthew mcconaughey did amazing work this year for his role in dallas buyers club, he lost 45 pounds or, being in a movie -- or what actresses called "being in a movie. >> that is great. robin wright accepted the award tv dramactress in a for her role in "house of cards or co- cards." cards post quote an black."is the new

netflix will not feel so smug when snatch that is appear in a few years excepting west drama. -- accepting best drama. >> "gravity" is nominated for best film. it is the story of how george clooney would rather float away into space and i then spend one more minute with a woman his own age. [laughter] [applause] >> fashion is always a big part of the golden globes. if you like what you saw, we have got an app or you. you snap and search and then you get to buy.

explain how it works. >> developing the technology now for about six years. inre basing the university ireland. i did a phd in this area. i have worked in the recognition stage -- and were looking to commercialize the technology. it seems like a great opportunity. >> you are here, the retail side of the equation. how will you commercialize the app? are a lot of different ways we commercialize the app itself. as far as retailers, it is a highly valuable field because it solves a huge problem for retailers. the problem is money ok to pacific league. for these people additionally they actuallyy are shopping is fundamentally different than before. that is a big problem for retailers. at the heart of this disruption is the mobile phone.

our technology is exciting and engaging and novel. it is something millennial kids will engage with. we can push that forward with retailers. shop inerybody has a their pocket. >> that is what it is. whether you are reading a magazine or on the street, we turn this into the shopping experience. if you like her dress or shoes, we will bring back a range of products. etiquette adequate -- surrounding this? you take a photo of someone and you like their close, you want to find out where they bought them. i guess we will find out. you were in london trying to get more interest. >> we just released. last month, we had tens of thousands of downloads. an incredible amount of interest for not only retailers but users

as well. >> what is so unique about yours compared to the competition? we areproducts, confident the technology itself is state-of-the-art. we haveery confident been developing it for so long and we are very confident technology is superior than anything out there. >> who makes and pays the money in the whole process? >> the most important point is that it is free for people downloading. this can be downloaded in the apple and ios store. we generate our revenue from the retailers themselves. it is free and we very often get a lot of discounts from the retailer so it is cheaper to buy this. is pantss mystery meat optional. here is the view.

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>> we are approaching 56 past the hour and that means blumberg television is on the markets. trading right now. we have been fluctuating a little bit. right now, we're in the red. down a half percent on the s&p

and the doubt. 4/10 of one percent on the nasdaq. markets will have to adjust this week. kicking into high gear. joining with a preview of what we can expect and how the season is likely to shape up, the senior index analyst, tracking the stats and the numbers for us. season, weto this have had a lot of companies coming out ahead of time and cutting their forecast. it does not seem to bode well, but it also could mean companies then come in slow with forecasts. it could, -- >> it could, but they're going from 80 to 85 coming down to 82. they are not coming down to 60 or $.70. when you look at the impact on index level, we are down 2.6% off september estimates for the quarter. they have not come down but estimates are more negative coming out.

more negative and positive but no impact. class a focus on sales rather than earnings. now showly have to actual demand and sales growth. what are you predicting on that front? >> mind -- minus sales growth downers, what even the top- are showing, concerning because it is pushing the margins into another wreckage. different than the rest of the world, seems to be able to push more into the bottom on. sales have not grown. , it isd to pick one item the sales. they cannot continue to squeeze more ever.

it is not as much on the sales. if we get a one percent increase over last year, it should be good. retail numbers look like the sales numbers may not be that great. earnings, four percent gain over the last quarter, the fourth consecutive quarter of earnings. 2013 is going down as a very -- cashnings or flash flow number. the company is in good shape for that. it is the sales that are not. >> in terms of the higher-margin earnings, it sounds like you think technology will continue to be an out performer. >> yes. it is definitely the one to watch now. they account for 21.5% of all earnings coming out. they have an 18% margin on there. they will really dominate a lot of where you will be now. that is definitely the group to watch as far as the earnings growth -- earnings go.

>> quickly, i know last year, one of the themes was margin expansion. that was one of the things we saw helped fuel the rally. in terms of that cycle as we head into 2014? >> the fourth quarter will look another.ay be 2014 will all depend on whether companies get the increases in sales. if they do, they will go up. ,he first half of the year second quarter, if things go well and they want to expand, those margins will go down. we will complain about it. >> i am sure we will. we appreciated. we will be on the markets again in 30 minutes. "bloomberg west" is next. ♪

from pier three in san francisco and bloomberg headquarters in new york, this is "bloomberg the mediare we cover and technology companies that are reshaping our world. i'm emily chang. let's get ra