[laughter] manyese are way too exclusives with alan krueger. >> the six degrees of alan krueger. >> canmorrow? >> any time. we want his review of the first episode of season 13 of "american idol." >> please, do so. i won't. let's get our data check. flex let's do the data check right now and look at how futures are creating. we have economic data this morning, coming out at 8:30 this morning, futures going by four points this morning, the 10 year yield inching lower, the euro trading less than the dollar, crude oil moving higher by half of one percent at the moment. >> good morning, everyone. bloomberg television, "bloomberg surveillance," we thank you for listening on bloomberg radio, bloomberg worldwide, on the ipad radio plus and the new thing that we have going with apple tv . i hear tons of people. love scarlet.le i do not even understand why it is a big deal. but it is a huge, big deal. >> we are disrupting everything. >> like boston. >> i do not know about that. good morning, everyone. the hour,host for alan krueger, former white house chief economist under president obama, a pro

withe here for the hour economist alan krueger. turn our attention right now to the olympic games in russia. we are two weeks away, a little over two weeks away from the start of the games. nation will bee tuning in to nbc, the exclusive rights to broadcast the games. it is set to deliver 1039 hours of programming. let's head out to connecticut where we are joined by the man putting it all together there, the executive producer behind nbc's olympic coverage. and the head of the olympic broadcasting route and head of strategy of operations. good to see you guys. forpaid a lot of money this. 775 million dollars for the right to broadcast these games, $1.2 billion for the right to broadcast it in rio. enough to justify this kind of money e -- money? >> what remains valuable and incredibly unique about the olympics is that it rings a massive audience together for a sustained 18 consecutive days. .here is nothing like it there are big events that happen in a single day or single evening. this happens over 18 days. an incredible opportun

lead to zero results that zero results if we are talking bringing stability to the country but alan krueger mean president of france is new and capitalist party believes there is more to paris's decision to intervene that i was your for france used the pretext of human rights and in fact it was aimed at protecting its economic interests the c.a.r. is rich in resources but it mostly has value due to its strategic location in the center of a vast and rich area so it's eventually all about dominating and controlling the entire region. but others see the african country central location on the continent as the key to fulfill the stated goals of the french military mission of securing the entire region. as your mil france and other european countries are threatened by islamic radical and terrorist groups that are now decentralized and develop in the belt from the mercian teenie a coast to somalia. and french troops deter these dangerous forces and also prevent pirates and drug traffickers from united. but with both critics and advocates of the french military operation in the central african rep

lead to zero results that zero results if we are talking bringing stability to the country but alan krueger been president of france is new and capitalist party believes there is more to paris's decision. your fourth fifth france used the pretext of human rights but in fact it was aimed at protecting its economic interests the c.a.r. is rich in resources but it mostly has value due to its strategic location in the center of a vast and rich area so it's eventually all about dominating and controlling the entire region. but others see the african country central location on the continent as the key to fulfill the stated goals of the french military mission of securing the entire region. france and other european countries are threatened by islamic radical and terrorist groups that are now decentralized and developed in the belt from the mercian timi a coast to somalia. and french troops deter these dangerous forces and also prevent pirates and drug traffickers from uniting. but would both critics and advocates of the french military operation in the central african republic equally agree on i

kelly clarkson made an impression on alan krueger. >> kelly clarkson was one of the winners. tar. she sang at the inauguration. >> she did. i may have stepped on her down. >> way too many with alan. >> i love that. before "american idol," there was mtv's real world, a show that was a kind here in reality television. times have changed in the business. here is the executive producer and cocreator. >> we did research not long ago and the premise was you put seven diverse individuals together and it was unique we had a gay guy living with a black woman from the city and a southern woman very today, diversity is very different. for most young people, it is whether you like to party, whether you hook up to much, not the color of your skin or who you sleep with. it is a very different generation. >> i hope you got some who like to party and hook up to much. then i will watch. >> we of course have that. >> this is part of the issue. viewers like matt are accustomed to seeing a lot more on tv. in a certain sense, how do you keep upping the ante? >> we did something different this seas

even president obama's former chief economist, alan krueger said, quote, job search is inversely relatedty of unemployment benefits. so is there any justification for extending these benefits? >> from the very beginning i would argue the moral case, there is not an economic case that doesn't exist to give these benefits. certainly the constitution doesn't permit it. but we do know he a general rule i believe we can trust. if you subsidize something, you support something, you get more of it. what you just quoted there is evidence that if you subsidize unemployment you remove incentive to go out to take a job. david: right. >> what they have to compare to, maybe there was a job that wasn't as good as their previous job or wasn't as good as unemployment benefit and they would have to work for much less. so the disincentive not to look for a job is certainly there. david: okay. >> if you say that, david, you come across as heartless, don't you? don't you care about people? david: "harry potter." producers will scream at me. i have to ask you one more question. bitcoin, a lot of interest fro

. >> alan krueger was with us and said you get what you pay for. >> i wish that was true.kees are the greatest example of that, the richest payroll in sports. you know, they have not made it to the world series in a while. there is soeresting much negativity surrounding the financial community and pay where you do not see it in other sectors. it gets back to what you said earlier. people are still reeling from 2008. >> there is no doubt there is a hangover from that. there is no doubt the banking sector is held to a different than energy, technology, even consumer goods and retail. very different set of standards than banks. >> area recalls, to be continued. this compensation story will keep going on. stay with us. we will still be talking about it. federal regulators are starting to scrutinize warren buffett's berkshire hathaway. we will have that and more when we bring you stories you may have missed, next. ♪ >> what do you think you say in a concession speech? >> he was not thinking he would lose. he probably did not even prepare a concession speech. romney behind the s

alan krueger is truly the nation's number one expert on the new, enraging and forever debate in americae. all of this coming off a deadlock. we have the right guy for bloomberg's "surveillance" this morning to talk about the american labor economy and some of the structural challenges, even within cyclical recovery. you show the google nest video. we'll talk google nest in a little bit. how wired should the home be and other than that, bank of america has earnings. scoorltfu will break that down for you -- scarlet fu will break that down for you. >> i think you're going to be talking about the killer app. >> yeah. seven days until davos. i named it davos profound. they are looking at profound thoughts this year in davos. my guess is we'll keep it narrow and smart in talking to world leaders about what now for inequality. that seems to be the theme of the moment. all right, tom. thank you so much. tom keene with "surveillance." >> coming up, we'll talk arsenal trying to win viewers in the united states. that is coming up here on "the pulse." ♪ >> welcome back. you're watching "the pulse"

what they hoped to hear from ben bernanke and the state of the economy, and joining us right now alan krueger economic advisers, frequent guest on fox business, at princeton and presented a paper today. what do you want to hear from ben bernanke? >> great to see you again. it would be helpful for this audience, for what ben has learned in his position in washington. he served as chairman of the fed, at an extraordinary time, got to do some remarkable things, really pushed the limits in terms of rescuing the economy from the great recession. reflections on what he learned, how things differed from what he expected and putting his role in the context of history. >> some clarity on policy, on capering and eventually raising short-term interest rates. janet yellen is taking over at the end of the month but could we get clarity from him on that? >> that is certainly possible. the risk is often the fomc doesn't know what it will do until it gets in the room. i don't know how well he could predict though he could elaborate on the comments he made at the last press conference. >> where do you see the

alan krueger and david carr looked at two sets of counties. at people have looked seereds, and you don't employment growing more slowly. all of those productivity affects offset anything on the we choose the type of jobs we have in this country, and we could choose to go with productivity or higher wage, higher productivity. is one our workers are educated enough for. we have more than enough infrastructure and equipment that we can support that choice. we just need to be making that choice. >> representative? pre-k's i would hope the goal of hopeongress -- >> i would the goal of congress and the country is to create better jobs and more of them. i think we have some opportunities, because of the change of energy in this country. we see direct foreign investment in manufacturing relating to and i think that's important. i think congress could do its to have an investment portfolio for this nation is widely agreed upon but will not happen in this congress. think the national institute of health is still dramatically underfunded. with these peop

even president obama's former chief economist, alan krueger, did a study. he looked around the county and where you had more benefits you had people spending less time looking for work. >> quick prediction. will this pass the congress? >> it won't unless it's offset by other budget cuts. depending on what they are, they might do more or less harm than this. >> all right, 20 minutes after the top of the hour. coming up, shaquille o'neal calls her, quote, my head coach for happiness. the author of the best certainly a happy you, here with a prescription for a better life. did you see this video? the pope picking a man out of the crowd and then going for a spin in the pope mobile. come on, let's go. i love this vatican city. farmer: hello, i'm an idaho potato farmer. and our giant idaho potato truck is still missing. so my dog and i we're going to go find it. it's out there somewhere out idaho potatoes and raising money for meals on wheels. but we'd really like our truck back, so if you see it, let us know, would you? thanks. what? natural energy from tea pack