let's get out to geoff cutmore who is live in moscow. geoff. >> yes, seema.nteresting, isn't it, that now we have the prime minister beginning to talk to leading energy players here. and perhaps no surprise because if president obama run these latest sanctions bill, that effectively targets the energy sector as well as containing soft line that's allow him to go ahead and provide aide to ukraine. the russian authorities i think are trying very hard now to try and get ahead of this rapid decline we've seen in the value of the russian currency at 3% across this week so far. and only on wednesday, which is why we had an emergency cabinet meeting late yesterday. the prime minister was there, the finance minister, the economic minister and the central bank governor. the markets were taken by surprise with that dramatic interest rate hike. 17% now the deposit rate to try and tempt russians to keep their money at home in rubles. what we've seen, though, is limited impact from all of these measures. and the finance ministry this morning putting 7 billion on the table

>> geoff dennis. you bought some clothing. >> i should have. a guest yesterday it on with a suit that was 35 years old. >> this is six months old. >> you did not ask me where i got my clothing from. >> we have a lot more coming up on bloomberg "surveillance." bow tie tuesday. one side effect of the oil plunge, oil service companies are getting whacked. one company that will survive, which are on unstable footing. right here on bloomberg "surveillance." ♪ >> good morning. bloomberg "surveillance." he's from connecticut. richard blumenthal "in the loop" at the 9:00 a.m. hour. interesting to see what the senator has to say on a number of issues. bloomberg "surveillance," a quiet morning and then rush out with a headline. ruble. on the move. wti $67.99.tilt, oil producers, drillers, oil service companies are calculating their cost. investors are trying to parse good companies that are on sale and those on shaky footing. bank of america merrill lynch analyst says he expects a shakeout but not right away. >> you might get consolidation. some companie

geoff cutmore here in moscow. >> vivid imagery from mr. putin indeed and in the meantime today, general motors announced it's slamming the brakes on deliveries to new car dealers in russia, because the ruble there fallen so hard so quickly that auto prices in the country are skyrocketing. >>> well, moving now to the latest in cuba after yesterday's stunner that the u.s. and cuba will normalize diplomatic relations and permit freer travel and trade. now both big and small businesses from the u.s. and inside cuba are gearing up to compete in a whole new economic marketplace. michelle caruso-cabrera is in havana. >> reporter: here in cuba, a muted reaction to the announcement made simultaneously by president obama in u.s. and the leader, raul castro. here we won't see major rallies where thousands bust in across the country. the city center, listened to hours worth of speeches, something perhaps would have seen in the past. but we did see last night, a small celebration by university students who were pro-government and were happy about the r

cnbc's geoff cutmore joins us live from london. geoff, as i understand it, jurors are going to hear from a major witness in all of this. who's the witness and explain more about the case. >> yeah. this is fascinating. and a little creepy because steve jobs will be speaking from beyond the grave, if you like. it's a video deposition that he put together as it relates to this case involving the ipod. this is a decade-old case. the argument is that itunes ran software that forced people to use the ipod to download the music, and therefore they paid more. so the class action lawsuit alleges that people paid in excess of $350 million more than they should have done because they had to use the ipod rather than other technology. this obviously is a big case for apple. we will hear from or at least the court will hear from steve jobs in this video deposition. so that's going to be fascinating to keep your eye on. you were talking about the cyber monday sales here. well, good numbers. we think cyber monday sales probably up 16% against a ye

geoff lewis, thank you so much. list, we have the bloomberg billionaires list. >> 2014 in review for asia's wealthiest. >> watch for it. ♪ >> asia's richest outperform the world in terms of the rise of the net worth. reporter joins us right now. it has been good year for the lucky few. >> it has. it has been a good year especially for chinese billionaires. the top 10 chinese billionaires are up a combined $50 billion in 2014. compare that to the world's richest 200 people. they have had only a net gain of $40 billion so that is impressive. china's gain has come in large part from jack ma. 6%.baba's shares up increasedwealth has $26 billion to $29 billion. he is the 17th richest man in the world. up 26% as well. pretty impressive. >> jack ma was a poor teacher, an english teacher years and years ago. his fortune and a story of his ascent has been legendary. what else caught your eye? >> something related to china. we know the chinese anticorruption drive has been going on for two years and showing no signs of letting

back to you. >> geoff, thank you so much. let's talk to alexander bran, director of prosperity capital. tim, i want to kick it off with you. given the fast-moving developments out of russia, how closely do you think investors in the u.s. and as well as in europe are continue to go watch what putin has to say about the state of the russian economy? >> right. i think we're watching very closely. we also have to remember that russia makes up only about 1% of trading volume with the u.s. however, we certainly need to pay attention to russia in a very strong economy. the other items that mr. putin said is the need for additional private investment in the country. which has not been occurring. and while the commentary were made about the ruble and perhaps missteps by the central bank, he also believes that the central bank itself should not be held purely accountable and that there needs to be better diversity. so i think those are the major themes. and, of course, very anemic growth. 1.06% as far as gdp growth and the sanctions. t

cnbc's geoff cutmore is live for us in moscow. what's the latest, geoff? >> reporter: yeah, it's interesting, isn't it. there were some small protests, but tyler, to be honest, president putin's approval rating still remains high here. a lot of that is down to how russians feel he's behaved on ukraine. but just briefly on the economy, then, he said the economy should begin to recover over the next two years. and he said a lot of the reasons for the fall in the ruble are external factors like the sanctions and the oil price. let's just listen to what he had to say. >> i do not think i could call the situation a crisis, or you may call it whatever you want. but i believe that i said quite clearly that the central bank and the government on the whole are acting correctly. >> reporter: so relatively reassuring words on the economy. and we did get a spike in the stock market here. so russians seem to have put some money back to work here. just on the ukraine, obviously classic putin. he pointed the finger at the west and said you're responsible for escalating t

. >> so, candy, geoff and i are distraught to hear that you are retiring, aren't we, geoff?y heartbreaking. >> geoff, what will you remember most about candy's work? >> oh, so many things. >> as we stand here warming ourselves by this roaring fire, we would like to bid you adieu, candy. television will be [ bleep ] without you. am i right, geoff? >> that's right, that's right. >> we bid you adieu. >> and adieu to you as well. that was great. thank all of my colleagues and some surprising folks in there. thank you so much. now, as i say on capitol hill, a point of personal privilege. it has been 27 years, the last 5 in the studio. this is my last show. i am excited about going and sad about leaving. a few moments of thanks can't capture what i have, bottomless gratitude to so many but let me try the broad brush. pfirst to yofirst to you, withop without yow silent. when you called me in the old days of stationary or called me on the phone, thank you for being happy enough or angry enough or frustrated enough to chime in. i didn't always like what you said, i didn't agree with

geoff cutmore brings us the latest. geoff cutmore with the visa. hey, geoff. >> yeah, hey. yeah, the shell is just to get a multi entry one in there for a year. and then anytime you've got a crisis you're on that plane and you're straight back. you're not missing too much weatherwise. it's about zero degrees right now and we're expecting snow. so it is going to get chilly. let's move away from the weather, though, because i want to talk about what we've heard over the last 30 minutes. the prime minister has come out and said the currency is now outside of the comfort zone for the economy and he has singled out russian exporters and suggested maybe part of the problem here. to some that sounds like nibbling away at some form of currency control. what they could do is sell the exporters that they need to start selling some of their hard currency stash, their foreign currencies to try and provide some support here for the ruble. so we have that. we know the finance ministry is in the game now. they've got about $7 billion worth of foreign currency that they've threatened to se

cnbc's geoff cutmore joins us live from london. geoff, what can we expect? will the trend continue as we get into the holiday week? obviously, we have days off with the market closing. >> absolutely. absolutely. it does seem as though the momentum is back with the bulls here. so we are expecting a slightly positive open to the markets. a couple of things just to point out to you. obviously it is a short week, so we'll only get a few trading sessions here to lift these indices. and the other one is we are expecting final third quarter gdp. that will just be a print-out, really, of where we are in the growth number. so as long as there are no real surprises there, it doesn't look like there's anything on the horizon short term to destabilize this better tone to the markets. one thing, though, just keep your eye on the oil price because it hasn't all been good news as far as the markets are concerned as the oil prices fall. and the volatility has upset people. but it is just worth bearing in mind for all of us who are out there driving on the highways, it has b

geoff are. jeff davis, his wife, daughter, grandchildren, all post on the porch. it has its share of teachable moments, and perhaps it is the perfect place to go back to the epithet i mentioned a couple of minutes ago, the lost cause. in essence the great, good, good, and genteel culture was unfairly wiped out by war. in fact, almost as old as the war itself because the term was first used in a a book by the same title published in 1865 arguing that the south soldiers were notably superior to the unions, the confederate army was not speeding but overwhelmed. interestingly consequently it animates mainstream texts for most of the 20th century. it's changed quite a bit. the most essential of his assertions, they went to war not to preserve slavery now regarded as a disingenuous state. one who bears some responsibility tellingly in his memoir which he wrote here, he originally wanted to call our cause an illusion to say it is the flipside of the misunderstandings i grew up with about why my ancestors put on blue uniforms. so just in that vein i want to take a quick d

let's geoff you some headlines. u.s. take the lead, significantly outperforming their european peers as the dollar surged in a route took place in the oil markets. the obama administration allows the export of some domestically produced oil. >>> the pboc says there's a need to stay flexible with the monetary policy as the latest data shows contracted in december. understand nearan rescuers believe they found the wreck of the missing airplane after detecting an object under the java sea. >>> let's have a look in at u.s. futures which, as you can see, are point to go a positive open. we're expecting about 6 points up to the southbound southbound, the dow to open up about 42 points in the green and the nasdaq expected to open up about 8.5 points. europe looks like it's going to finish just about in the green for the year. from today. up about 0.3% on the stoxx 600. much reduced trade. the ftse 100 is up 0.25%. germany is closed today for a full day. france is up 0.5% in italy. you had some significant bond buying in europe,

. >> amy myers-geoff jaffe you jut heard him talk about how it would be in the interest of the countrycut production, but it harder than we sometimes realize for them to do it. ecuador is in not great financial shape. nigeria constantly battling physician calling problems inside the country. venezuela, also in very perilous economic state s a hard decision to a country to make to say we are just going to defer this income for now and hopefully make it back down the road? >> well, i sort of disagree with him, i think that what is not well understood throughout opec is just how resilient the u.s. production surge really is. so in my opinion, had opec made some production cuts overtime all of that would have done is encourage more and more drilling in the united states and other parts of north america. the shale boom is becoming more and more productive, companies are able to produce more oil from the same well, using new and better processes. more sand, different kind of fracking fluids and so it will be very hard for opec to really compete against and shut in the u.s. production. and th

ambassador to ukraine, geoff pyatt.r conversation today is about the future of ukraine at an existential moment for the country. i would like to offer a special welcome to our distinguished speaker and audience watching online especially all of those in ukraine who tuned in to our live broadcast. i also want to welcome the ambassador of ukraine who is with us. the swedish ambassador as well and other distinguished colleagues. thanks for being with us. ambassador pyatt was sworn in in july of 2013. from the start he's been extraordinarily committed to supporting the ukrainian people's right to choose -- with an independent and secure ukraine. it was exactly three months before ukrainian students in kiev began their first rallies against the previous president's decisions to walk away from negotiations with the eu when the ambassador took the reins. a year and a half later, as the political and economic crisis in ukraine continues, ambassador pyatt is steadfast in his pursuit both of american interests, and his support of

. >> geoff cutmore joins us now from moscow. good day, geoff. >> yeah, hi, joe. what a roller coaster ride for the ruble. but finally the government seems to have got in front of the falling night for the ruble juggernaut to the downside, whatever you want to describe it as, after president putin said he thought the economy would start recovering in a couple of years, that the central bank would take more measures. we've seen today an expansion of the 30-day repo. they're going to give anybody who wants it about $5 billion worth of foreign currency. that should help ease liquidity concerns. we've seen the finance industry putting a bill to parliament for about a trillion rubles to the banking sector. that's about 16.5 billion at current rate. so we now see a much more aggressive reaction from the government to try to deal with this ruble downside. but i have to say, i think sentiment this friday remains relatively fragile on the economy. the trade is edgy. it would only take some more bad news in thin volume markets for us to see the ruble start to decline again.

. >> geoff, thank you for that. geoff cutmore in moscow. he did say he would take into consideration the idea being more accurate with the opposition. hard to tell what that means. >> look, i think this guy teased us. i know there is a propensity to talk about what the central banks do. this guy worries me. he looks like a regular guy. he talks like a regular politician. the guy is just a terrible dictator who is capable of doing anything. even though he looks good and they had a terrific commercial before it began telling you to watch him as kind of a hollywood thing. this guy is one of the reasons why you can't get too bullish. until he actually does something concrete, and i'm not just saying resign, but this guy is a menace. i think if he did blink we would get 10% rally. he didn't blink. >> what's blinking? >> blinking is saying, listen, i'm satisfied that if nato doesn't move on my borders and we get a defined zone, not a corridor to crimea, being a reference to what hitler wanted from the brits and what he wanted from his enemy, so t

she married geoff davis when he was on the way to congress and would be a great asset in richmond as the first lady of the house, first lady of the south, i'm sorry. we see her at the white house confederacy in richmond. but my favorite piece actually occurred either after her husband's death. she was approaching the end of her life having moved to new york with their youngest child of a she had befriended another new york widow this was ulysses s. grant. this remained her husbands staunchest defender and she also become a good writer writing a memoir and many articles but on her deathbed having lived long which she knew high times and very hard ones, her sense of humor seemed to have survived her tribune patients. lying on the bed she offered some advice to her only surviving child on how she should be mourned when she was gone. don't wear black she said. it's bad for your health and it will keep us your husband. thanks to doris kearns goodwin's team of rivals, the bestseller and steven spielberg movie lincoln based on the buck, william henry seward has been rescued from obscurity.

can't get fired up about the declaration of independence and the bill of rights after listening to geoff speak, you need to go back and learn how to get fired up. because the enthusiasm jeff brings his extraordinary. i love the mission of visits, learn, debate. hopefully, we'll get a few more visitors to come because of this historic relationship to have the bill of rights be located here. there are a lot of other great exhibits. tell your friends and neighbors to come because it is important to have people to come and visit. learning about our heritage and our past is something that i think we lack in our country, to be honest with you. we need to reengage with the heritage in a way that makes it alive in 2014 and beyond.4 the problems that seem so intractable today, it just seems like nothing seriously working these days.4 part of it has to do with the fact that we don't have a set of shared values that we talk a lot enough. understanding the genius of the foundersand what they created here truly, truly matters. learning about our past to the constitutionis another important element of

geoff cutmore reports from moscow on how long putin thinks the troubles will last. and sony

geoff, we are going to leave it there.ou. >> appreciate it. >>> coming up this morning, boone pickens will join us. we'll get what he expects from the oil and natural gas markets in the new year. but first much has been made of teaching women how to succeed in the work place. our next guest wrote a popular article how to better educate men and demystify women. she will join us after the break. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. >>> welcome back to "squawk box" this morning. look at the futures, see how the market is setting itself up for this day. dow jones looks like it would open up higher again. as we go on a run, dow up about 44 points. nasdaq open 12 points higher. and the s&p up about four points. >>> our

geoff cutmore reports from moscow on how long putin thinks the troubles will last. and sony

let's go to geoff in olympia fields, illinois, an intend caller. what do you make of the republicans' leadership plans in the house to avoid a government shutdown? host: good morning, greta. yes. i agree with the caller a couple of callersoos ago about the divisive nature in the which the republicans and democrats have made the immigration issue. i really think we as an american people should really require both parties to do their job in which they are being paid to or which the american people are paying them to do their job and to, to discuss things and to makacts and arrive at a decision that's best for america. we are divided along rachel lines, along economic lines in terms of stratification within our society and we just need to -- we need to demand that it stops. i would like to encourage you all to actually add a united, just you divide us as well by the american -- by the republicans, democrats and independent. how about, can you add a line that's a people that support america because we need to quit denying it. greta, you do a fine job o

. >> geoff, thanks so much.eekend. >>> coming up a performance from bryan adams in "saturday morning session." his new album has picked up some grammy nominations. people with type 2 diabetes come from all walks of life. if you have high blood sugar ask your doctor about farxiga. it's a different kind of medicine that works by removing some sugar from your body. along with diet and exercise farxiga helps lower blood sugar in adults with type 2 diabetes. with one pill a day, farxiga helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug farxiga may help you lose weight and may even lower blood pressure when used with certain diabetes medicines. do not take if allergic to farxiga or its ingredients. symptoms of a serious allergic reaction include rash, swelling or difficulty breathing or swallowing. if you have any of these symptoms, stop taking farxiga and seek medical help right away. do not take farxiga if you have severe kidney problems are on dialysis or have bladder cancer. tell yo

can't get fired up about the declaration of independence and the bill of rights after listening to geoff's speech, you need to go back and get fired up. because the enthusiasm for what jeff brings to this job is just extraordinary. hopefully we will get a few more visitors to come because of this historic arrangement with the new york public right -- new york public library and the state of pennsylvania. tell your friends and neighbors to come, because it is important for cash flow purposes that we have people to come visit. learning about our heritage and our past is something that i think we lacked in our country to be honest with you. jeff leaves that we need to reengage with our heritage in a way that makes it vital and alive into the 14 so that people believe that we have a set of shared values. i can tell you the issues that seem so intractable today, it values that we talk about enough. going back to our history, understanding what it was, the genius of the founders, and what they created here, and how we apply it to everyday life matters. learning about our past through the constit