insight, alan patrick off says in the land of unicorns, there is no place to go but ipo's.here is just one brand dominating the consumer drone market. ♪ emily: there is no place to go but ipo. that is the message that alan patricof had since he spoke on bloomberg last month. morehey set the town for -- tone for more or less exits to come in 2016? at the time you said they would determine whether or not we are in a bubble. what do you think? >> i think it is really encouraging to see what happened with the square ipo. square became public at a discount from what their last private finance round. we do not really know until the time comes. interestingly, it came at a significant discount from the last round. the public markets behaved really well. i did not say anything other than to say the public market will test these valuations. time, we are same foursquare may be going through a massive down round. they are talking about a significant discount. about -- a comment lot of these companies have been around for several years. high valuations are being tested. you really have

tomorrow, alan patrick off is our guest host for the hour. as we head into the new year. ♪ bring your family and friends together to discover the best shows and movies with xfinity's winter watchlist. later on, we'll conspire ♪ ♪ as we dream by the fire ♪ a beautiful sight, we're happy tonight ♪ ♪ watching in a winter watchlist land, ♪ ♪ watching in a winter watchlist land! ♪ xfinity's winter watchlist. watch now with xfinity on demand- your home for the best entertainment this holiday season. >> can i look down?

alan patrick off is our guest host for the hour.he new year. -- predictions as we head into the new year. ♪ when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. >> from our studios in new york city, this is charlie rose. is here.mandy patinkin he is an emmy and tony award-winning actor. you knew that. he stars on the hit series, "homeland." >> i am not done. i guarantee you not one thing about your life from this moment forward will be easy. i will personally see to that. killeded to have kerry

you, bill condon, alan, patrick harris. >> oscar wilde. >> rose: oscar wilde for sure.hat do you think about that. >> it was throughout russia it would be illegal to talk positively about homosexually and appearing anyone under the age of 18. so that anyone growing up gay or knowing people who were gay or wondering about their own sexuality could not discuss it with anybody. that would be against the law. because why. homosexuality was something you decided upon i suppose. you could not promote home #heart of the law which got me out of the closet and lately attacked our government when we brought in something. this, i don't read russian and i certainly don't read the russian version of maxim. it could be this is a parody that they are trying to criticize their own government saying here's gays regardless of their sexuality there must be millions more. but the american maxim magazine has denounced it, said no. that seems to be taken at face value and it's absolutely appalling. it is. i met some of the league of gay actors in russia, young men and women over to siberia a

david: tomorrow, we will be joined by alan patrick, the ceo of brooks brothers, julian emmanuel.new york, .nd 11:00 a.m. in hong kong that's 11:00 p.m. in hong kong. welcome to bloomberg market. ♪ from bloomberg world headquarters here in new york, good morning. i am betty liu. oil is falling. new york's low with close in more than six years after opec crude rose to a three-year high and november. why it will continue. watch out loyal -- lower oil prices. companies and crisis management mode. plus, a new strategy from glencore. sending shares skyrocketing. volkswagen ceo talk to bloomberg as they struggle with cleansing sales. a lot happening on this thursday morning. have an hour into the trading session so far. we're

you, alan turing, neil patrick harris -- ian: oscar wilde. charlie: what you think of all this?an: context for all that. ago, it was throughout russia that it would be illegal to talk positively about under the age of 18. or knowinging up gay people who were gay or wondering about it could not discuss it with anybody. you could not promote homosexuality. it was the law that got me out on something with the same phrasing. the russian version of this magazine -- it could be that this is a parody that they are trying to criticize their own government by saying here are the ones we respect. there must be millions more. hasregular magazine denounced itself for being taken at face value. i met poor beleaguered gay actors in russia. young men and women. they can't communicate with each other. they can have meetings. they can't tackle this law or criticize it. they can't be themselves except in secrecy. gays were second-class citizens. i was at a gay film festival and -- they said, we can't protect you if you are going to be yourself. you will be breaking the law. it is a horrible situa