welcome you're watching worldwide exchange. >> thank goodness it's friday. here are your headlines from around the world today. >> the bank of japan broadens it's asset purchase program but the governor says the move does not mount additional easing sending the yen on a choppy ride. >> european stocks are following overnight losses in the united states and the asia pacific but the miners are out performing today as commodities recover and ubs is calling the bottom for the entire sector. >> a pathway to a deal.

david cameron holds good progress on reform talks but there's still more work to be done. >> really good progress has been made but it is going to be tough because we are attempting something really difficult. that is to renegotiate our position at a time of our cho e choosing. >> the world's richest footballer investors $40 million into the boutique hotel space. ronaldo telling us in an interview why he's taking a stake in the hotel empire makes sense to him. >> football is not for the whole life. i want other things. for me it's fantastic. as i said before it's number one and i'm number one in football. so you have everything. >> good morning. it's friday. quick look at the markets. the stocks europe 600 is down by

0.4%. we're at 363 here. yesterday's trading session we were up by 1.3%. so that post federally fizzled out a little bit. maybe a little bit of profit taking after that but also casino in france suffering from the negative research note. we'll get to that in just a little bit. let's get back to the big story that kept a lot of investors confused overnight. the bank of japan includes new exchange rate of funds and longer duration bonds. the etf buying program will begin in the month of april. however the governor said the move does not amount to additional easing. quick look at how the nikkei performed in all of this. initially it jumped 2% because initially investors did believe it would amount to additional easing but then very soon the market got a reality check and

figured out, you know what, it's really just a tweaking of the current program and the nikkei quite disappointed, ending down by 1.9%. how did the yen fair? >> very similar to what the nikkei did as well. initial knee jerk reaction and then we say we heard this before. they were going to buy etfs and their expansive monetary policy program and then we had strengthening back and 121 versus the u.s. dollar and that's lower by the way stronger than the levels after the fed finally hiked interest rates for first time in ten years but we should point out that yes we have longer data maturity being bought on jgbs so actually on a gross level we have 120 billion yen possibly being rotated through in the entire stimulus program in 2016.

going to copenhagen now. people thought is this new expansion as they expected for a long time? then they thought well we heard this before. >> the market was expecting nothing at all coming into this meeting so to get something seemed to be a surprise and the yen sold off but i think we might call this if i may coin a phrase the tinker tantrum. either doing nothing at all or coming with an impressive new move and really tweaking of its asset purchase program you're just seeing the idea that the bank of japan is finished. it's infished with the bold moves and this is an echo of the ecb disappointment from early december and has the market snapping up japanese yen on this. >> let's talk through this. they're taking in longer data

maturities. you don't think this gross net effect of 120 trillion yen in stimulus is going to have an impact? >> markets are all about expectations. we had this program in place and we know that the asset purchase is in place and on going so we're looking for any alteration and that leads the market somewhere down the road. the idea that there is a tapering. far too early to talk about this but the delta is now, maybe the bottom is established on where the bank of japan goes. this move suggests they're not interested in bold measures. >> but the timing does seem curious. mr. kuroda said it was not related to the fed move this

week. you can't ignore the fact that it's a few days after. do you not want to read too much into it? do you think it's just coincidental? >> i don't understand why the bank of japan bothered to do something so marginal and we have another interesting timing here and that's the announcement from china of the new rnb index. and if you look at the currency over the last few years record high versus record low in relationship effective terms and the way the japanese yen maybe we have a play at the market buying the japanese yen versus the chinese currency. there could be an amount of this as well involved in what is going on. as well as risk off so dollar yen 12125 after all of that confusion. what is your target for next year for 2016. >> i have been pairing my -- i'm

looking for a strong dollar in 2016 but i have been pairing my expected highs back from 130 toward 125 and i do think we possibly go on to look at 125 again when it does return in the new year. so that's it and i think near term here we could be in for consolidation. we never really consolidated some of those gains since the enormous move from 2012 and again this rnb index thing could be a theme as well. >> all right, john, thank you so much for that insight. have a fantastic weekend. john hardy, head of fx strategist. quick look at different asset classes. let's kick things off with the oil markets. we're a little bit mixed when it comes to oil prices this morning. brent crude up by 37.17. and just glancing at crude.

34 unchanged on the dayment both contracts are on track to post a third week of losses. moving on, gold seeing the biggest one day fall in nine months yesterday off 2.5%. it's recovering off by .3%. it is on track to test the 1,000 level for the first time in six years though. euro dollar is looking like this after yesterday's big surge in the dollar. the biggest monthly move for the dollar index to the upside in about a month or so. 10822 unchanged on the day. i want to show you what the dow did in yesterday's trading session. we were down by 1.4%. >> u.s. stock funds posted $13.2 billion of outflows for the week. u.s. high yield bonds, they saw $3.8 billion in outflows. that is the biggest since august 2014. this comes off third avenue of course but also investment grade bond funds are also seeing

outflows as well. maybe this isn't that much more yield and costly returns when it comes to credit. when we take a look i was actually surprised when we saw outflows compared to more than junk bond funds over the week. >> it's actually quite surprising but maybe this was just ageneral sell off as investors are positioning their portfolio. it's hard to say if this was third avenue, junk bond related. i don't know. so i guess there's a lot of factors, isn't it? >> right. but i would have to say one fund of course, one type of bond fund that is attracting inflows right now, tips, inflation protection in the u.s. and given that we finally got a hike in interest rates and yellen and co finally talking about we have this stagnant inflation picture may be turning the corner. at least that's what they're expecting. let's get some tips on the table. >> another sector or asset class that did see inflows, european

stock funds despite the fact that ecb easing did disappoint the week prior and also worth noting, energy stocks in terms of etf, that actually saw inflows and there might be conflicting flows as well. >> you know how we were talking about the boj and confusion in terms of monetary policy? we saw outflows in terms of japanese bond funds and etfs as well. in fact, the most in a year's time. so i don't know, maybe that says something about confidence in japan. >> it might. >> okay. let's turn to sports and aban da has a lot of money. real madrid super star, he has announced a $40 million investment in hotels being developed by a portuguese

leisure company and it's the first investment outside of fashion and sports for the world's richest footballer. jeff is standing by. jeff, you know, we know that sports stars, they make a lot of money during their brief careers but it's about sustaining and still being rich and have the dollars afterwards. >> we have a clear indication that ronaldo doesn't see his footballing career evolving into a coaching job or managing role within the sport. more perhaps he's looking to build cr-7 into a global brand and he is already involved in fashion. he has a line of football boots but this step into hotels is very interesting. it is sort of aligned with part of his career as well because there will be two hotels in

portugal, one in lisbin and one in madrid and the intriguing one is new york. does that signal perhaps he will finish his days in the american league? so far he is suggesting that is not the case but it is interesting that he feels that he is willing to put, what, $40 million into this hotel investment so let's listen to why he thinks this is the right investment for ronaldo. >> it was a dream. and this was coming in a normal conversation when i met the group and it was fun of course the guy that took care of myself

and of course with this man here next to me, in my opinion it's the best guy in the business in portugal and it was great. i feel very grateful to be part of this. >> what do you think you bring to the branded hotels? what is the spirit of ronaldo that will make these hotels stand out from other hotels in the world? >> this is where we say in press conference, it's own experience in different areas and as you know, my name, my lifestyle, as you know, the guy who has more followers, it's me.

and it's between 10 until 40. so we'll be in this base for these people. and the people will like me and the people will follow me every time. so i think we have all ingreed gents to do it. >> so is this like millennials that like to party? like to have a good time? but they also like good technology in that hotel? is that economics? >> it's about lifestyle. it's not just a party part because as you know, to be a professional, to be in a top level in many, many years is not easy. you should be like that, serious in your work. so it's completely different in some way. you have to be smart. you have to be serious of course. and of course, as i said before, going to help with experience to

make this business even better. i'm sure that is going to be different than the other ones because of my name. the way i live my life. my ambition. his ambition too. and we have everything. >> so there you have it. ronaldo talking about these investments into four boutique hotels which will be constructed and rolled out over the next two years. i also talked to him a little bit about football. he was pretty tight lipped and didn't want to say anything on that subject. thinks portugal might climb out of its group and do okay. but i also wanted to find out what he thought about a return to the premiere league, maybe manchester united. again, difficult getting him to say anything. but he did have a word for english supporters.

>> they are very polite. and it was the people that love me. >> that was ronaldo. but i want to take this conversation in a slightly different direction. the economy likely to show positive growth this year. this is an economy gradually turning around. part of the reason for that is tourism. represents about 12% of gdp. very pleased to have with me the man that runs the tourist authority here. the national tourist authority. good to see you, sir. thanks for coming. so for the benefit of our audience around the world, what is the state of the tourism industry like in portugal today? >> it's fair to say that portugal is living in one of the best periods in recent history. we have grown by 30% over the last three years in terms of number of tourists.

so this not only shows that it's buoyant and solid growth but we're growing faster in terms of revenue than number of people. which means that the gradual upgrade is occurring and that's been good news for us. >> so as far as the recovery from the financial crisis is concerned, portugal is back. it's like 2007-2008. are we back to those levels or have we passed them now? we passed them in most of the variables and also being able to grow in the regions. for instance we're talking about many of our british viewers discovering parts of portugal which are traditional destination for british tourists and also our friends from france and germany are increasing very much in those regions of the country which were less known. we're very pleased to register a sharp increase in the u.s.

meaning that the markets outside of europe -- not emerging market per say but very important future. >> there's two issues that i think anybody in tourism has to worry about at the moment. one is obviously terrorism after the paris attacks and the other one is where fresh investment is going to come from. banks are still reluctant to unleash fresh money to put to work into the economy. so i wonder if you can address those for us. to what extent are those going to hold back growth next year here. >> i don't think it has been a problem. tourism has proven such an attractive business. being at a start up level where we're very active and like to come back to that later. being at a more mature company level financing is available because projects can prove to be very profitable. the security issue is a much

more structural concern for us. portugal is also very active in the international organization. the oecd and all of these bodies, it makes these differences less marked and proximity between people visiting and that will also help the tensions being lower than it is today and it's crucial for tourism worldwide to keep growing and portugal sharing that growth to keep growing as well. the safety aspect is maintained. >> so what can we do? what we can do is not to take the situation at the moment as an excuse to limit travel between countries excessively because border controls, visa controls are not the answer to avoid a lot of the threats in

the past, in the recent past unfortunately and we can be much more clever in the way we control those type of threats. as a whole, the industry depends on having safety throughout the world. we do have safety in portugal. thank god for that. it's been a major aspect in our growth but we need to have it worldwide because without a worldwide growing industry we won't have a successful industry in portugal. >> very nice to speak to you. thank you for coming to see us here. let me send it back to you in london. this is a -- a subject that is very important for the portuguese economy. clearly within an excessive 10% of tourism. it's the latest deal with ronaldo and the group is only going to be a positive for the portuguese tourism story. let me send it back to you in london. >> thank you for that. let's stick with soccer. the special one sacked again at stanford bridge for the second

time in his career. jose mourinho is leaving chelsea. a firing part of the contract would have seen him get a pay out but they say he broke those terms with a fight at the start of the season. they're expected to name his replacement tonight. it tweeted it's best wishes for who is hitting in the role but subsequently related. >> do you think they'll be making 18 million euros like jose mourinho was? >> i don't know but they do get paid well. maybe the normal one. no he's in liverpool. >> how much does he make? >> i don't know. >> i'm curious. still to come on the program, here at worldwide exchange, black swans and big calls. we run through city's wildcard predictions for the media industry in 2016. that comes your way next.

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a move into live music and broken up. these are some of the wildcard events that could disrupt the

industry in 2016. joining us is the author of the report. thomas, let me kick things off with pearson. stock down 37%. they have a new chairman coming in but what investors want to see is no longer a firm that tries to be everything for everyone at education. why do you think there is an outside chance they could be broken up. >> the key issue with pearson is a real tension between where earnings are going which is best sideways and the value of the assets and key townsing this is the fact that pearson isn't a homogenous company. it's actually little bits and they have different dynamics and gearing profiles. as i say the next couple of months and quarters will continue to be tough but there's potentially real value there and it is something that could be exploited by a third party. >> all right. just to tell our viewers, there seems to be a fire alarm in the studio here. this is live television so little we can do about it but

we'll just -- >> it's such a hot interview. >> that's right. >> you just brought the heat. >> that must be it. let's continue regardless. now you have ten surprises, ten predictions. obviously not all of them are very likely. what is the most likely one, though? >> i think the one that's going to be most relevant as you look at the first half of next year is on sky. we look in particular at the potential to make a very aggressive move in mobile and we expect the launch in the first half of next year and the key thing we look at is the potential to come out with a very, very low price point because that's been the real key to success in terms of getting it quickly. it disrupts in the other play players. it's something that sky likes to do. >> we have been talking all morning long about ronaldo.

epsn makes a lot of money off the sports rights but sky might be losing it. >> yeah. and it raises the prospect of significant inflation. we try to factor that into the numbers but the risk as always is the number comes in higher. >> so as influential as he is he can't retain the rights? >> it goes to the highest bidder. it's very much seen in a free tv market and as more content gets sucked into the system in many ways it isn't sky. it's looking at the players. >> are you bearish on sky? >> no, it's something you have to be aware of. if you have a big renewal there's potential about size inflation. it's something we factor in but something you have to consider as a risk. >> let's talk about the advertising giant.

they fell apart and bought safety earlier this year. but you think tough times ahead. >> well, they're having a tough time. they're having a tough time and it was most recently lower and that means the it's under pressure and the real interesting thing is more than effecting the share price so the debate now is whether that's any scope for convergence and if we do have that, particularly a shot. >> when we talk about media and it's interesting thousand world has changed because most 18 to 35 year olds they get their news now on facebook. facebook is now a media company. and it's going to price that all in. >> there's a couple of things we look at. one is the potential to disrupt tv markets. although that's definitely on the agenda the conclusion we come to is big tv stations companies will have a benefit in

terms of delivering reach. >> the other area we look at though is online classified. what it has is buck let loads is using the platform. it's the classified verticals and companies that benefit like that. >> yes it sounds like you're bullish then. >> we end up, my colleague is bullish but it's more of a concern if you're a european general classified company. >> thomas, head of european media. we'll go to break here at worldwide exchange. the fire alarm has stopped. >> fingers crossed. anyways, you be careful getting out of this building. still to come on the program, can brussels sprout a christmas deal for david cameron. we'll get out to the belgium capital, next.

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there is no known solution.

the bank of japan broadens the asset purchase program. >> european stocks are following overnight losses in the united states and the asia pacific but

the miners are outperforming as commodities recover and ubs now calling the bottom for the sector. a pathway to a deal. u.s. prime minister held good progress on reform talks that says there's still more work to be done. >> i think really good progress has been made but it's going to be tough. we are attempting something very difficult. that is to renegotiate our condition inside this european union at the time of our choosing. >> the richest footballer cast his net beyond sports and fashion. ronaldo telling us in a first on cnbc interview why taking a stake in the hotel empire makes sense to him. >> the football is not for the whole life. i want other things. to do it with them for me it's fantastic. it's the number one and i'm the number one in football. so we have everything.

>> eu leaders rejected a key component of prime minister david cameron's request for reform. julia is in brussels and you have been following those talks. what mr. cameron wanted was a cut in benefit from migrant workers. do you still think he could get that compromise, though? >> well, it's a good question. if he gets the compromise there will have to be greater compromise. it's too discriminatory to allow him to cut four years in work migrant benefits. he will have to include young britains working as well. that will be controversial in itself. why is he fix sated on this idea in the first place given that it only represents around 2.5% of overall payments to eu migrants in the u.k. this is one of the big confusing

issues. he said look the four year ban remains on the table. he didn't come up with any new proposals. listen in. >> i think really good progress has been made. but it is going to be tough because we attempting something very difficult. attempting something that hasn't been tried before or tried by another country. that is to renegotiate our position instied european union at a time of our choosing. >> the truth is its going to have to come up with something else and that's going to be a scramble now and he eluded to reaching a deal in february. the hope then is remember as i said yesterday he can hold this referendum rather than risking a summer with further crisis among refugees and putting pressure again on this vote. >> needs support and get this sense of compromise. now earlier caught up with a

leader and clearly he was with cameron's progress saying he got the wrong end of the stick here negotiating incorrectly but i asked him more broadly about immigration. i said what's worse here? islamic state or european policy? merkel specifically? and having this open door policy and allowing the people in without the security checks in place. >> it could be one of the same thing because she has not vetted any of the million that come to germany. they all have german passports so whether we're directly passed on the commoner side of policy. >> he also had interesting comments to make off the bat of putin's remarks on donald trump so i'll be bringing that to you later on in the show. but for now, the work will continue. >> it will continue for a couple of months. thank you for that. meantime spanish voters will go to the polls this sunday to vote on the national election.

they give the right a slightly but forecasts suggest it might not win enough seats to govern out right. the lack of a definitive front runner could result in one of the young challenger parties as a junior coalition partner. joining us now to discuss this is the ceo at ubs. good morning, thank you for joining us. you actually don't think it's very likely that he'll be one of the coalition partners. why not? >> that's correct. if you look at the current landscape according to the polls, popular party would win around 28% of the vote. so it wouldn't make enough of a majority because they're around 20%. plus 15%. you get to 35%. you need 50% plus to form a coalition to govern the party. now it could be a coalition of a number of parties.

it could involve those in the socialists. and the socialists policies still quite different but very, very different to the citizen's party. so it's very difficult to see those two parties be in the same coalition. >> what puzzles me is the fact that i know that one of the key issues around this election is actually economy. why in this environment can the incumbent party not garner more votes or even a majority? >> i think it's a long history and we see maybe a similar suggestion in greece. not as extreme as in greece. and you get the younger voters

wanting change. they're claiming the two parties they encountered for the last years. >> you're expecting a mild deceleration in the next year. >> but it's not surprising. the spanish economy was growing 3.5%. that's not sustainable because you're coming out of recession and you have a cyclical recovery but that matures. year on year it's sustaining growth. >> got it. >> let me bring out the talk about incident that took place in the last 24 or 36 hours in spain and really this was sending shockwaves around the world because the spanish prime minister attacked, being punched in the face. some say this might garner him some sympathy votes. >> it could be and what we have

seen dentally, volatility around it and as you're getting closer to calling to the actual elections you could see still some movement but the question is whether the popular party can go from 28% to 50% of the vote to govern as a majority party. that's a big gap to close. >> you actually say that foreign investor positioning around spain is pretty like. why do you think that is? >> i think if you look at the spanish equities they underperform the index. it's three main reasons. one of them is political uncertainty. obviously the market doesn't like uncertainty but there's been a couple of other factors around there as well. remember spain has strong economic links to south america and we know brazil has been very -- going through very severe economic problems so that's the second reason behind underperformance and the third one is a big part of the index and they have been delivering

results. >> buy spain if we get a clear outcome? >> i think we could get a relief if we have a clear outcome. >> now, shares of french retail casino are down for a second day and that's after muddy waters released a highly critical report on the company. what are they saying? >> it's up 2% today after an 11.5% decline yesterday. they believe it's one of the most overvalued it never came across questioning the accuracy of its balance sheets. muddy waters decided as a result to shorten the stock and says that it's mission is to border and the view is very much different. this is wildly viewed as come back from activist investment

funds. in a statement they claim that the report contains it and has submitted a claim to the amf and french court earlier this week. to reduce the debt level by the end of next year. part of the plan is going to set apart in thailand and columbia. and also will with draw from vietnam at this point. >> all right. stefen, thank you so much for that report and not just that report but all of your very hard and excellent work that you have delivered over the last, what, how many years has it been? >> nine years almost. >> wow. wow. yeah. i remember watching you on the tele when i wasn't at cnbc just yet. thank you so much. have a fantastic christmas and

you'll be missed. >> let's talk about volkswagen and he was great, wasn't he? >> fantastic guy. >> sad for us. hopefully he'll drop by again. let's talk about volkswagen. vw in america is creating an independent claims program. the german car maker hired kenneth fineberg to design and administer the program. he is best known for his work at general motors and bp oil spil., you name it. the list just goes on. what is he going to do? how is he going to change it? >> what we know is he has simply been hired to get this committee going. he said himself that they don't

know exactly what the compensation will look like. that's because we still don't know what the fix and the recall process will look like in the united states. it's most recently working with general motors on their ignition switch recall. but the idea is to bring all the claims together. we have been seeing a lawsuit stack up specifically in the united states. and what volkswagen hopes to do here and is to bring them together and reduce the share number and also some of the time issues at stake here. we know they want to move on as quickly as possible to move beyond the scandal. and he spoke to cnbc and phil asked him whether or not this process would move swiftly as many hoped. here's what he had to say. >> we would hope that in contract to the conventional litigation system where claims can drag on in courts for year, we would hope as with 9/11, bp,

and gm to come to a fairly efficient and swift processing of these claims. but here of course we have not yet sat down with the company, with the lawyers, with the owners for the owners of the cars, with regulators to determine what the menu of remedies will be. >> so there you have it. really explaining how they hope this process will be more efficient from the conventional litigation but no surprise we have been hearing from some lawyers that say they are concerned that this might hamper their legal process as well but we still need to get the details on this fix for the 500,000 or so cars in the united states looks like. i spoke to the ceo just last week and he said there is frustration with the environmental officials in the u.s. but they hope to have a solution going into early next year. >> lack of clarity there.

thank you for that nancy. we're going to go for a quick break but still to come on the show. the fbi gets it's rumor on as shkreli posts a $5 million bail. we'll get the latest, next.

>> shkreli posted a $5 million bail after being arrested for security's fraud by the fbi. so he became infamous after sharply raising at the price of a treatment for a dangerous infection. some with hiv infections and original the cost were $14 a bill. >> the infamous ceo of turring pharmaceuticals was arraigned thursday afternoon here in brooklyn. among the counts against him. the department of justice saying he was running a scheme against his hedge fund and his former bio tech company which has sense distanced itself from him. there's seven counts in the environment. misappropriating more than $11 million from that bio tech company which the department of

justice says he was using as his personal piggy bank. the fbi is continuing it's investigation. and among the counts against him includes security fraud. security fraud conspiracy and wire fraud conspiracy. now his next court appearance is scheduled to be january 20th. he is out on a $5 million bail today. he restricted his movements to the eastern and southern districts of new york. we should hear more about this as it continues to unfold but interesting that he caught so much attention for raising the price of this drug and the things getting him in trouble were even before that. so we'll bring you all the news. back to you. >> people are calling him the most hated man in america and if you're wondering what has happened to that wu-tang album because he made headlines when he outbid everyone else for that only one -- they only made one album which is called once upon a time. >> but he never listened to it. that's the problem. he bought it for $2 million and never once listened to it.

>> hence why they call him the most hated man in america. so the fbi, they know what people are wondering, what has happened to that wu-tang album. well, they tweeted, breaking no seizure warrant at the arrest today which means we did not seize the wu-tang clan album. what a shame. however, the next hour we'll tell you there's a clause in force that means that certain people have rights to this album can in their words legally go and resteal it. >> really, i didn't know that. >> imf managing director christine lagarde says she will appeal a decision to put her on trial. it was to award around 400 million euros in compensation to a business man that claims he was defrauded by his state and french bank. if convicted she could be sentenced up to one year in

prison. >> okay. so here we are. this is expected to be the biggest box office weekend in history. star wars director jj abrams he is also using imax and imax cameras for certain scenes in the force awakens. box office figures in film already reached $14.1 million in it's opening day in just 12 markets. not all of them have been counted just yet. but it is expected to break records for imax and opening day sales in france which is where they have out performed so far in the past 24 hours. the president emea of imax joining us in the london studio. we're all excited for the film. you watched it. >> i saw in london. >> just once. >> so favorite news and a lot of expectations this is going to be

the biggest box office weekend. >> certainly could be. >> it's turning out to be a fabulous weekend. advanced ticket sales have been phenomenal for imax and the general industry. it's great for film going. >> i'm just wondering the theat theater goers. >> how much are you pulling in? >> we're going to wish we had more screens around the world. we just hit 1,000 screens but on a weekend like this. >> i'm not saying they're all full. >> sell outs from america to the u.k. and all over the world. it's going to be an amazing weekend. china opens on january 8th. everywhere else opens this weekend. >> how much momentum do you think you can carry of that into next year? obviously we're at the end of 2015. this year as your ceo, recently, it's been a blockbuster year for you. you have james bond. you have star wars. how much of that is going to carry over into 2016 or is it really going to be confined to the end of 2015? >> it gives us a great end of

the year and it's been a fabulous year at the box office. and now finishing with star wars but i think it will be a great start to the year as well for 2015. it's not a two week wonder. people are going to come back and i have seen it. fans will come back again and again and there's another star wars movie at the end of next year so it gives us two bites in every year to show a star wars movie which is great. >> what's interesting is the netflix effect here because when we talked to your global ceo he said netflix helped us because people that stay in and watch movies at home, if they want to go out and see a movie they'll actually do it at an imax. can you confirm that trend here in europe too? >> absolutely. from the advanced ticket sales and blockbuster movies are made to be seen on the big screen and j.j. abrams wants people to see it on the biggest, best possible screen. that's why he's promoting it and talking to people about imax. so based on the advanced ticket

sales that's what people are choosing. >> would you be disappointed if we didn't get 200 million in box office this weekend? >> you can never predict the box office. this time of the year, no movie has ever opened. >> no, you don't understand. nothing stops a star wars fan. >> so we're learning but this time of the year there's a lot of distractions for people. no movie ever opened over $100 million in december. so this will be record breaking territory. >> do you think it can beat jurassic world? >> i think it has a real good shot at it. i learned a long time ago never to predict grosses in the movie business but based on the tracking and the sales and the buzz about the movie, the reviews have been fabulous. for a blockbuster it's spectacular. >> that makes your comps hard for next year given that you have the record year. >> it's a star wars spin off coming next christmas. there's the j.k. rowling film

next november. star trek in the middle of summer. batman versus superman in march. it's going to be another great box office year next year. >> do you think? >> i'm very excited about it. >> what do you think was the best? james bond? star wars? anything that you saw that really took your breath away. >> i thought jurassic world was a phenomenal movie this summer. >> better than star wars. >> having seen it just the other night. it ticked all my boxes and i have to put that up there as number one with a close number two for jurassic world for the year. >> we're turning you into a movie critic. >> absolutely. >> we enjoy picks. we do. how much does it cost to go to an imax now. >> it's different all over the country. if they're going to see a premium experience they're willing to pay a premium price. >> do you know carolyn has never seen a star wars movie. don't you think it's worth it for her to pay the premium to see it on big screen. >> if i go see it this weekend it will have to be in imax.

if there's still tickets around. >> there will be a few. >> andrew, thank you so much. good to see you. have a good weekend. president of ema at imax. imax, you got to do it, right? >> still to come, from russia with love. we'll fill you in on the blossoming friendship between gop candidate donald trump and also a look at u.s. futures to break. with passion.y business but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands

of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?

victoria stilwell, you appear on tv working with canines. are you a dog lover, watson? i do not own a dog. but i work with veterinarians. how do you do that? i help them analyse over one hundred thousand pages of medical studies. that's great... 'cause they can't exactly tell us what's wrong with them. isn't that right, rosco? rosco. who is a good boy? who is a good boy? you are. yes, you are. watson, i think you need to work on your dog voice.

thank goodness it's friday. welcome to worldwide exchange. i'm susan lee. >> these are your headlines from around the world. >> the boj, the bank of japan, broadens it's asset purchase program but the governor saying a move does not amount to additional easing which set the yen on a choppy ride today. >> european stocks following overnight losses. but the miners out perform. u.s. futures are pointing to a lower open. >> junk bond outflows are spiking. investors are fleeing the high yield fund