>> three more years for marconi. he will stay on to carry out the carmakers new business plan. we will have the latest from the detroit auto show. >> of the french president will hold a press conference in paris to discuss his agenda for 2014 but that may be overshadowed by his alleged affair. >> time warner cable rejects charters takeover offer. it is the biggest unsolicited takeover bid since 2008 now dead? welcome to "countdown."

is past 6:00 here in london this tuesday morning. we are ready to deliver the stories that will drive your day. start your engines. we are covering the big reveals from the detroit auto show. caroline is in paris. covering the head of the uk's retailer. >> we will be told what is dragging down asian stocks. we are looking ahead to j point -- jp morgan earnings. it is a cold crime. we have the details on a brewery cartel that is forced five german deals -- beer makers to pay heavy fines. >> later on the program, the pulse will be joined by former italian prime minister mario monti.

>> the auto industry closes out one of its best years on record, in motor are gathering city to peek at the latest models peckish yet fast i could have a huge affect on the industry. brian has more on the detroit auto show and it's big reveals. >> he will stick around for another few years. we got the announcement from the chairman of feiat. chrysler is expected to close within the week. he might step down. after soe are really many years of him focus on expanding fiat going to see him focused on building what he or he has. jeep has a new cherokee out. they sold nearly three quarters of a million of these jeep

cherokees. they think they could sell a million this year or next year. we need to take that number across the world and really find out how we can take jeep. unexploitedcredible international potential and we need to take advantage. that is my first thing on my agenda. the second thing is the development our plan to bring it back. ducehey wanted to introuce 4c.alfa romero and thegoing east romero is being introduced to the united states. it looks like it will happen in the next few months or later this year. this is him trying to get in the mode of now we have this carmaker that generates, what can we do with it?

>> what else is on his agenda? >> two weeks from tomorrow, the board will meet. they will decide when the new -- where the new headquarters will be. he made it clear that he wants the new headquarters to be in the united states and perhaps in detroit. >> thank you. sorry. offered -- cable has received an offer from time -- from charter communications. it would be the biggest unsolicited takeover bid since 2008. time warner cable's chief executive says the bid is a lowball offer. >> the french president faces the press today. he hopes to convince his

electric t could pull the eurozone's second-biggest economy out of the klein. decline. it will be full of questions for him. we have caroline who is in care -- who was in paris. it seems like he could be changing his political thoughts. >> and he could well be. that financeaid was his number one thing. he slapped the tax on companies paying a salary in excess -- in excess of one million euros. he seems to be turning more pro-business and extreme measures are extreme circumstances. you have unemployment at a 16 year high. you have his own ocular the near his ownows -- popularity near record lows.

protest in the streets of france. more people are turning towards the extreme right. they feel burdened with some of the highest taxes. heh to everyone's surprise, came out with a rather pro-business promise. muchid taxes are too heavy to this good -- much to the disgust of his socialist party. he is promising a responsibility packed with businesses. did you liar, i will cut regulation and cut taxes but theybusiness people say want him to walk the walk. caroline, it is not just the economy that journalists will focus on. will he be able to avoid questions about his private life?

>> it was only on friday when we had that seven-page report. his potential, alleged affair with a 41-year-old actress, this affair -- the first lady is not married to him. she is in the hospital with exhaustion but most of the thinks private life should remain private. this is a question of trust and not only politics of but in his private life as well. >> thank you, caroline live in paris. >> u.k. online fashion retalier will release its numbers in an hours time. will sensationalize a report that was released this morning.

there are more people shopping online. property on the u.k. high street. it is all about the online and it is one of the most visited fashion via tale sites in the world with a very clear graphic. they have done a couple of cool things in the last 12 months. they provided access to different brands. it is available on thieeir website. they themselves if they buy a new look product in an effort products.eir own >> what about the international side of this business? is theink two thirds amount of revenue coming outside of the u.k. the right now it is very international. a big push into germany recently. they teamed up with claudia schiffer.

it will be interesting to see if that translates into higher revenue. the trajectory is pretty clear. they're gone from one million active customers for -- in 2009 to almost 8 million in 2013. wille company said they probably break a year earlier when it started making that forecast for the 2010 sales of $200 million. thing --ve important you have that forecasting that per 2014. qualify on grounds. that is another discussion. i don't know. you stick with that. >> are you asking him if he is a former model? shares dragged the

index down. john is here with more. >> a bit of a believed date for japan -- a bleed day for japan. it is down by almost three and a half percent. it fell four percent last week. the yen has been quite strong. the current deficit was far wider than forecasted. it equates -- it is a record deficit for japan. stocks are following -- yahoo! japan is following fast. these are the biggest decliners. iscontrast to that, china holding and australia is down. most of the markets are more or less unchanged but japan on its own was without a doubt the

biggest declining index. the worst-performing index so far this year after being the best performer last year. >> one stock worth watching is samsung. billion taken0 from its market value in just six weeks. >> that's right. clearly it to have more market capital than of the other company in the world. is a london forecaster. he has been covering it for six years. he is in a very precarious position for the next few months. he sees a ton of stock dropping is afterher and that reports of the first quarterly dropping profits in nine years. a concern for samsung. >> thank you.

>> banks and beer cartels. we will be covering both. you will be looking at what to expect at jpmorgan. banks of the largest u.s. are going to deliver the biggest profits since 2006. you can be sure there is a roar in these numbers. ry different banks and we will keep eyes on the fees. wells fargo is refinancing and what does that mean for the lenders. let's pass it back to the beer man. the good german beer cartel is resonating on the business pages to the front pages of the biggest selling newspaper in all

of europe. i will be back in a few minutes to tell you about the details of what i wall so tell you -- i will also tell you where you can buy the cheapest pint of beer in all of europe. -- intriguing. thank you very much. >> we are the topics for 2014. find out why our next guest is worried about renewable energy. ♪

>> time for today's company news. google is buying messagelabs for $3.2 billion -- nest labs for $3.2 billion. the deal is up -- is subject to regulatory review. the japanese whisker and beer maker agreed to buy beam. the deal gives some brands including makers mark -- it will be the world's third-largest

spirits company. time warner cable turndown an offer from charter communications. the offer was the biggest unsolicited takeover bid since 2008. time in london is 6:17 a.m. edmund.me now is happy new year. apt to talk about the likes of time warner after it received this unsolicited or it -- bid. in your notes, you highlighted companies that deliver content and you save these are the stocks in the united states that could benefit this year. the u.s.look to consumer and say where can we plate the u.s. consumer, where do we want exposure? media is one of the key factors. content becomes king. if we look at television today,

it is more fragmented. with the arrival of video on demand with netflix which has been hugely successful, cable operators have challenged because they have owned the american viewers. does the american viewer need the minute because you get what you want when you want. cable companies want to get together because they need to buy the content. -- the greater audience sure you have, the more effective your company is. the american telecom operators like at&t and sprint are on the trail. i think the cable operators will go down the same path. >> what is your assessment of the telecommunications providers because last year when it came to volume, telecom was worth by far the most?

where did telecom -- how do we assess the sector in 2014? >> i struggle to get very excited about that sector globally because it is becoming more and more a utility sector affectively. content.delivering the the value is in the content creation itself and they do not do that. bt madelook at the u.k., a big play for sports because they realized that is the future. the content providers, even companies like itb, they make downtown abbey. they can sell that. for is where the future is media companies and that is where i would prefer to focus my investments. >> you like for the hardware businesses over the software businesses. why is that? >> i like both.

but i like the technology area globally because it has been marked underinvestment. greatwe came out of the crisis of 20 -- of 2008, we have not seen the desperate levels pick up sufficiently to where they were in proportion to gdp. it is now starting to decelerate. -- accelerate. everything is becoming connected. pile ands a huge cash are willing to spend it to build a bigger platform. $3 billion for google is a splash in the ocean. it is not a big dent in the cash pot. they are generating so much cash flow per quarter. >> and they note his business because google ventures is one of the investors. thank you so much. energy andk about

investment in energy markets will become back. ♪

>> welcome back. edmund is here. new energy.

old energy -- the old companies in europe is the second worst performing industry. energy.gy, clean can it be a big theme in 2014? >> i think it can for the simple reason that there are a lot of drivers pointing in the right direction for noble energy. -- renewable energy. we still not commission standards to hit and we have to realize that that is incredibly different -- difficult. energy demand globally is still booming. we are trying to be quite good and the western world, cutting back or omissions. but we forget is that in china and india, it is not happening. there forth the demand for energy is exploding. >> you think they are getting on the renewables? >> they have to. haschinese government

finally realized that and is committed within the expense of energy production has clearly invested a lot in nuclear, wind, and solar. >> they said the government is not going to take into account consideration. gases is big business in the u.s.. could it be big business in europe? timethink it will take because of the shale oil and gas revolution is well against -- well advanced. here in europe, we have not started. the u k is further along the road than most of the european countries. france has a lot of potential. >> they found fracking? >> for now.

the french energy giant is coming to the u.k. just like a french electricity company. they are going to spend some money and develop the technology. once they realized there is gas that could be extracted, the french may change their minds. >> big year last year for the s&p 500. 2014, were start of the year since 2009. what will 2014 bring us we talk about the big benchmarks? those. lose the forecast one of the key drivers is where do you put your money now? it is still disastrous. are very difficult up late because you can see yields are trying to keep -- trying to creep up. do look at properties, it is expensive.

i think we have double-digit returns. ratchets up, google its rivalry with apple. full details next.

>> these are the bloomberg top lawmakers u.s. house agreed to a bipartisan bill to fund the u.s. until the end of september. then they'll the measure -- they unveil the measure before january 15. charged by the u.s. to manipulate yen libel. they're been charged with conspiracy to commit wire fraud. o ronaldo took messi's run of being the best

football player. >> welcome back. we should tell you that coming up on the program, you will be able to hear from the former italian prime minister mario monti. he will dig into the country's economy and the health of the eurozone. that is coming up on the pulse. labsogle is buying nest for more than $3 billion. it is part of google's push into devices. us.more, brian womack joins tell us more about this deal. >> it is a big deal. it is the third biggest one for google and really puts it firmly in the camp of devices.

they are a device maker they are buying so they have google by a more hardware. -- buying more boarhardware. a big move for google. >> a number of former apple executives run nest. is this a big blow for apple? apple had some executives go over there, start this company. apple employees had joined this company. it is unclear what apple might think about it but at the end of the day, there was a lot more apple employees inside of google and these are smart apple employees that know how to do design and design hardware which is something that google has not done as well. apple had to have a close eye on this when it was announced.

>> what are google's goals? they seem to be moving further away from the roots. >> it is something we are watching closely. they try to do some things in-house. they have some devices for television. the are developing google glass to work with computers. they are willing to open the bygy bank and dip in and something that could very well put -- help position them for the future because home automation, managing these devices is something that a lot of people inc. is the future of think itnot a people is the future aware people connect. the home. a big move. >> brian, thank you. >> bank earning seasons takes later today with j.p. morgan

and wells fargo. 2013 was a record year for bank profits. parts in thisg story. what are we expecting? >> we are expecting a decent set of numbers in terms of profitability across the whole industry. you have to be idiosyncratic about it. probablyrs of profit could come to an end because profits will fall by 21% in 2014. trading revenue probably dropped. investment banking sees they are closer. jpmorgan are big players in that. it is some of a moving piece but if you look at the core of the business, you are going to see revenue dropped by over 16%.

even revenue at the equities division will probably jump. if you look at the costs within jpmorgan, it wasn't for pesky litigation and compliance, they are spending over $2 billion on compliance. this gives you the scale of the new costlier that is going into banking so we have that litigation and 2014 -- in 2014. jpmorgan -- it was only last week. billion lossr $2.6 for dorney made off -- before madoff.mad there was a great statistic. five fargo issued one in of the mortgages in the united states. we are expecting them to take less of a position in litigation. j.p. morgan earnings will fall

and wall street -- and wells vergara will -- wells fargo will fall. thet factory appeared in fourth quarter, mortgage volumes will be dropped by over 40% and refinancing volumes dropped by over 60%. review ofppier his the business and probably looking for big reserve releases all for the banks. >> there when you needed. business --ery different business. >> it was still the best year for u.s. financial stocks since 1997. investors seem to be shrugging off the litigation risks. >> it is a question if the kitchen sink will sink. >> had investors adapted to that

dreadful phrase. >> egypt is holding a referendum today. it is the first vote in the country since morsi was ousted by the military. let's bring in elliott. officials results do not come until thursday but some might say it is a foregone conclusion. if you look on the streets of egypt and the billboards, listen to egyptian radio, there is only one option in this referendum and that is the vote yes. been drownedhas out by the complete backing of official, state owned media in egypt but the campaign has been silenced by the extent of people are encouraging people to post know and have been arrested. the muslim brotherhood has

declared this new constitution to be void and is boycotting the proceedings. will not begh whether people vote yes or no. everyone expects the yes vote to win. it will be how many people turn out to vote when morsi's ofstitution -- about a third the electorate turned out and two thirds of those voters gave it a thumbs up. they will want a much larger turnout and certainly as good as an endorsement. that not just to legitimize the roadmap to the government but to legitimize what they did to morsi, namely ousting him. >> why is this referendum so important?

>> it is important for many reasons. it is important for stability, legit is me -- legitimacy, and the presidency. the government hopes it will justify what they did. stability is what they hope will come about after this constitution is approved and it will pave the way for presidential and parliamentary elections. the economy will begin to pick up and tourism will come back. feel if thisple goes well then the head of the military will perhaps make a run for president himself. many fear it could lead to more divisions and more violence. >> thank you. up, beer cartels in germany. we will have more on the big business of beer in germany and the recent scandal.

>> from venture capitalists to the olympics. one man's journey, . ♪

>> time for today's company news. it is another blow for the indian carrier which lost its airline's license last year. the company says and does not have any sort of revenue and are in talks with investors. aluminum has become the material of choice at ford. the carmaker says they will eventually use it because -- on its entire lineup. they introduced aluminum -- and aluminum pick up yesterday. they are unaware of any involvement in attacks of asian. -- a tax evasion. in a statement to the hong kong stock exchange, the company says it has not been notified of any such probe. >> this is completely wrong because we did not delay anything. it is not involved in any

payments. shareholders did not delay that. .hey paid taxes >> welcome back. >> it is 6:44 a.m. in london. a german brewery cartels and fi -- has been fined. breweries were fined. david, who colluded in the price-fixing? >> this is a story that stretches onto international brewers and local brewers. anheuser-busch, the biggest beer maker by sales in the world, was not fined what was a whistleblower and it told of how these brewers are coming

together, telephone conversations mostly, personal they got together and agreed to increase prices. back in 2009, the agreed to increase a price of a case of 20 bottles of beer that will be delivered to supermarkets or bars by one euro. it goes down into telling a real story about what is going on in the german beer market. vulnerableuching beer makers. these are big beer makers in germany but what you are seeing in germany at the same time is a decline in beer consumption. since the 1970's, as is -- it has dropped by 25%. is hitting the margins given that there are 1300 beer makers and bird -- in germany.

it is not that expensive to get a pint of beer here. >> what are they like around europe? you promised you would tell me the cheapest type in europe. i will tell you with the most expensive one is. it is in norway. in paris, or in france, the average price for a pint is five euros. similar price in sweden. 82 euros republic -- cents a pint. >> i even know how to say two beers in czech. there you are. are you impressed? david, thank you. >> i find something new about you every day. world's greatest

athletes would've sent on sochi, russia, and less than a month for the winter olympics and while the gains will be filled with olympians with dedicated their whole lives, one silicon valley veteran is hoping to use the trick of the valley to sneak into the games. >> my name is paul. life, i am a venture capitalist. year, i will go out there and try to make it into the 2014 winter olympics. i have dropped everything and doing this full-time now. i had to choose a sport. you need a team. it is very dangerous in the luge. i don't like downhill skiing.

today has me in italy. april.target skiing in done sportse not for nearly 10 years so this is a tragic -- a tragic -- a drastic change my body. a perspective, when it burst onto doing this, it took me three hours to do a race. i could do it in about an hour. i can get out there and do -- it comes out -- down to the last minute. company toy amazing be a part of and i am excited about that. nothing like enjoying the sun after a long day of practice. >> you have any winter olympic ambitions? >> no.

i was going to say something but no. do you? >> no. >> i can't ski. >> there is rich history there. i think we can team up. we be outsiders. we will take a short break here. people are taking action against the mining company or at least demanding higher compensation. find out what the demands are well me continue. -- when we continue.

ronaldo.ano [applause] >> there he is, the new best footballer in the world. in emotional -- an emotional ronaldo. for four years, messi has been the holder of this award and one might think that that he may

never win this again. he won it in 2008 and he was so happy and justified as well. you are the best footballer in the world and some of the greats of all time have one that. did winer did but he a special one. some of the stats remarries -- are amazing. he came first. messi came second. he did not actually win anything last year. cup.madrid did not win any a worthy winner because he scored so many goals. >> i think they can get away with it. usn has joined as onset -- on set.

>> looking at the sochi games coming up in three weeks from now and how the prospect of terrorism and protesters of gay rights promise to make these games the trickiest in many years for global advertisers. we forget what a big deal this is for big business. coca-cola, mcdonald's, png, this is their opportunity to reach billions of viewers with their ads. rights to broadcast the games and they have already booked $800 million of advertisers. it is a huge amount of money. is there are any terrorism, advertisers aren't likely to pull their ads right away. spend $150 million because the whole idea is to dissociate -- to associate yourself with the feel-good aspects of the game. if it turns into something different, they are out a lot of money.

what grounds are you able to pullout it there are contracts? today.e is in paris she is bringing us some french papers to add to the mix and i am guessing they are previewing the story. dominating the headlines today. it is aspaper says turning point here. unemployment, his personal life. the third press conference of the president is set in a very complicated context and environment for a head of state. of thisit on the front newspaper which is focusing on the first lady. -- an aff r status

air status. he would not be able to escape questions about the affair. that press conference behind being will start at 4:30 p.m. local time. >> thank you. edmund is with us and a resident of france. his popularity cannot plummet any new deaths because it is already at 16% which has never been seen. what is interesting at a time when france desperately needs deep structure reform, there is a risk they could become the next spain. not have huge debt and are tackling the major problems they have in terms of productivity. >> they need to reach out the business. more talk, less action. >> he is famous for lots of talk

and very little action. he is a socialist president with a socialist parliament and they don't want to upset the union. >> thank you. stay with us. ♪

>> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp its affiliates or its employees. >> the following is a paid presentation for p90 x three brought to you by beach buddy. >> start the clock. everything that made p90 x such a huge hit is right here in p90 x three. variety, intensity, we distilled everything we learn from p90 x