betty: wow.d in fact, the bandwidth on the ship is better than the combined bandwidth of every other cruise ship in the world combined. betty: according to arnold donald, the millennial, as you might expect, defies stereotypes. and providing wi-fi is far from the only magical bullet to get them to cruise more. arnold: the millennials all over the place are just like every other generation. some millennials like heavy social exchange and interaction in terms of parties. some like doing it on the internet. some want more private time. a lot of them are adventure seekers. a lot of them want to give back. they like impact travel. travel where they can go do something and help a local community or help an individual. betty: do you even need to get millennials more cruising? is that a misperception of the industry? arnold: i think it is a little bit of a misperception. in our brand, families cruise. we have weddings on our ships, and those are often young people getting married and they have chosen a c

betty: wow.is is a perspective that you never get to see. betty: no. richard: and again out comes the camera. proves my point. betty: it does. this is amazing. at the very highest, we were above the statue of liberty. 300 feet out over the water. wow. richard: it's really cool. betty: that's incredible. richard: it's really cool. betty: the northstar is just the first attraction on a boat that has everything you can think of. and then some. alright. here we go. richard: ok. betty: i want my lucky number eight. i'm taking this one. bumper cars might be the last thing you would expect to see on a cruise ship. but here on the quantum of the seas, it somehow feels right at home. richard: i got you! betty: wait, richard, this isn't fair! and if being out at sea isn't enough for you, this boat has a way of getting you airborne. richard: am i ready for this or what? [cheering] richard: this is the best job in the world. betty: there is the requisite high-end shopping. richard: we have cartier. bulgari.

betty: big vision. lawrence: big vision, and we need to give our customer something they have not seen before. it is about being more innovative. and being bigger and better. betty: bigger, better, and wetter. part of his vision is attracting customers through live performances, including this acrobatic experience called "house of dancing water." it is the crown jewel of city of dreams. five days a week, 3.7 million gallons of water flow through the custom-built stage as actors dance, dive, and dazzle a captivated audience. building it was a huge gamble. it premiered in 2010 in the wake of the financial crisis. lawrence: we went ahead and built out our $250 million "house of dancing waters" show. it has been a huge success. the fact that we tried these things that nobody wants to try has given us an edge. betty: in the beginning, business was far from booming. lawrence ho's first casino opened to disappointing results. it seemed as if his gamble to go big in macau was destined to go bust. but then ho fo

betty: there we go.he cruise industry raked in more than $37 billion in revenue last year, setting sail with more than 21 million passengers. what does it take to be the biggest fish in the sea? we find out from the two biggest ceo's in the business. richard fain: they want the biggest and the best. and this is the biggest and the best cruise ship out there. betty: richard fain is ceo of royal caribbean which earned more than $8 billion last year. to stay on top, his company has spent $3 billion on new ships that have everything a cruiser could want, and some things they never expect. richard: this is the next generation of cruise ship. and we are constantly striving to move the bar higher and higher. betty: royal caribbean may have one of the biggest boats in the water, but carnival ceo arnold donald says bigger isn't always better, and it has got the market share to prove it. arnold: we sail 80 million passenger cruise days a year. 80 million. betty: carnival has 50% of all cruising business and pulled

betty: thank you very much.till ahead on "bloomberg market day," netflix takes a hit after a rare stumble and growth. a strategy shift there. we will be right back. ♪ betty: welcome back to "bloomberg market day." look at for some of the biggest business stories right now. the sale does not include u.s. private's bank that has been expanding in recent years. fresh and easy neighborhood market preparing its second bankruptcy filing in two years. the california grocery chain still trying to find a buyer for all of it or part of it. years,rd time in 40 millions won't get cost-of-living increases. disabled veterans are affected. the government announcement today affects more than 70 million people, about 1/5 of the u.s. population. you can get more business news at bloomberg.com. of netflix plunging today after disappointing investors with its third quarter results. the company added fewer new customers and on top of that, is a part of the slow growth is the cause the industry switched to new credit cards. >> is not

betty. betty: julie hyman there with a look at the etf markets.ll ahead, one on one with the donald. stephanie ruhle sat down with the republican front-runner in new york. they talked politics, the economy, and the fed. stephanie joins us next. ♪ those make america great .-shirts and hats -- yes that is what you would spend that much money on it. welcome back. i'm betty liu. let us start with the bloomberg first word news this morning. vonnie quinn has more from our news desk. vonnie: we actually start and hungry because it is closing its quarter with croatia at midnight to stop refugees. a razor wire fence was completed earlier this week. nearly 40,000 migrants have entered hungry this year, most of them trying to reach germany. hungry has arrested hundreds of them under newly passed border laws. meanwhile, a european summit on refugees and the crisis ended in a stalemate over money. angela merkel says the eu had a proposed agreement with turkey on containing the flow of migrants and refugees. other members of the group are dragging their heels o

i am betty liu.race for the white house, china has emerged as a hot topic among presidential candidates and almost none of it is good. donald trump: what they're doing is china is a bubble waiting to explode. betty: i asked about u.s.-china relations. mr. yang: there might be ups and downs, but the general direction of the relationship is development. in this run-up to the president's visit, what i've heard from the general public in both countries is that this is very important and we have to make sure the visit will be a great success. i think that is the true feeling of the two peoples. betty: when the dow plunged a thousand points, donald trump, who is the leading candidate to win the republican nomination, he came out very forcefully and said this is china's fault. that china made this mess because they devalued the renminbi. so is the chinese government prepared to deal with a president trump? mr. yang: well, i have just expressed my views on the financial markets of various countries, and i th

betty: from bloomberg world headquarters, good morning. i am betty liu. the fast food company behind ksc and pizza hut is goal in cold turkey in china. why yum! brands will spin off one of the most valuable parts of its business. the latest poll showing a big for hillary clinton. why joe biden has a big decision to make. in the nine-year reign of stephen harper came to a sudden and at the hands of young liberal party leader justin trudeau. is just another fallout of the oil market. are half an hour into the trading session. we go to julie hyman. i feel like i have been saying this the last few days. we happen waiting here. feels like ally stock driven market. the movement is stock specific. overall right now, we are seeing a little change market with the dow down about 2/10 of 1%. the s&p and nasdaq little changed. the young, more action with the stock win back our percent. the company is trying to remake itself as a cloud computing company. as it goes through that transition, it is still dependent on its legacy revenue. the company coming out with number

i am betty liu.race for the white house, china has emerged as a hot topic among presidential candidates and almost none of it is good. donald trump: what they're doing is china is a bubble waiting to explode. betty: i asked about u.s.-china relations. mr. yang: there might twists and turns and ups and downs, but the general direction of the relationship is development. in this run-up to the president's visit, what i've heard from the general public in both countries is that this is a very important visit and we have to make sure the visit will be a great success. i think that is the true feeling of the two peoples. betty: when the dow plunged a thousand points, donald trump, who is the leading candidate to win the republican nomination, he came out very forcefully and said this is china's fault. in that china made this mess because they devalued the renminbi. so is the chinese government prepared to deal with a president trump? mr. yang: well, i have just expressed my views on the financial markets o

betty. betty: thank you. own here in new york, blackstone here in new york, and now a sale of multifamily homes to bury sterling. $5.4 billion. for has earned a reputation predicting market swings. joining me now, another property player in his own right, tony ofkin, the chairman and ceo empire realty and trust. tony, good to see you. tony: nice to see you. betty: what did you make of that sam zell deal when you saw he made it? tony: go mets. betty: go mets. betty: this equilibrium between the way the public and private right value real estate now and public companies are rewarded mostly for lower levels of debt. private equity players are able to put on larger amounts of debt . debt is very available, very inexpensive. there is arbitrage. sam, who i know, is very smart. , who i know, is very smart. they are looking at the exact same picture from two different perspectives and is logical for each of them. big pricing is a public and private. will that change at all when the fed changes rates? the feds that we

i am betty liu.et's start with the news. vonnie quinn has more from the news desk. vonnie: we start with a tragedy wine country. 43 people are dead after the fiery collision of a truck and a bus near bordeaux. it is the country's worst road accident in more than three decades. china's government is intervening to keep the economic slowdown from getting worse, cutting interest rates for the sixth time in four years and reserve rates. -quartertry's third growth was the weakest in four years. facebook with another milestone -- shares of the social media company topped $100. the company and the fastest run ever to a market value of $250 billion. among the admirers, former microsoft ceo steve ballmer. he talked about it today on bloomberg television. mr. ballmer: i think facebook is a really great company. you know, they took a germ of an idea and they continue to build it out, and they have been thoughtful about not over monetizing nor under-monetizing. a super impressive company with a clear direction.

betty: so there is a discount there. dan: betty: there is. betty:--dan: there is. betty: dan kraut. apple -- apple's third earnings beat estimates, but will the fourth quarter be as shiny as their phone? we will tell you what ceo tim cook thanks. that is coming up next -- thanks. that is coming up next. ♪ betty: good morning, and welcome back to the bloomberg market day. let's head back to the markets were julie hyman has a check of company movers this morning. julie: a lot of earnings coming up, as well as a lot of and then day activity. let's start with fiat, chrysler, and ferrari making earnings cost -- comments. we are seeing the stocks decline. chrysler saying operating profit was up 35% in the third quarter. the kicker, jeep suv's continues to go up, though they took charges for recalls. riseri says isis should after it had prices should rise after they had a 35% increase in third quarter profits. they are also raising forecasts for delivery for the full year. nonetheless, both stocks are declining and ferrari is trading below its ipo price. we are looking at technology. down

betty: thank you so much. in the next 20 minutes, deepak chopra has teamed up to launch a nonprofit focused on corporate responsibility. chopra will tell us why he into jones -- and tutor jones are working together. hillary clinton is out with a new gun control proposal. to tol have liked to have see if it will boost her flagging support. fundctivist investor's takes a stake in g.e. he says a transformation is underway at g.e. but nobody cares. we will look at whether he is right. ♪ betty: welcome back to the "bloomberg market day." julie hyman is checking on some rivers. i wanted to see the areas of strength and weakness. it looks like everything is green on your screen. there is one group that has been lagging the rest and just turned positive in the past few minutes. that is health care. it has been a volatile group over the past month on concern about rising drug prices and whether the government will take steps to clamp down on those prices. they are weak again today. there are reports france may be takin

betty: clone bloomberg world headquarters, good morning. i am betty liu. high hopes for homebuilders. are they still that confident in the real estate market? the latest numbers are out moments from now. jamie dimon uncensored. c.e.o. talks about regulation, the commodities slumped, and his own future in an exclusive interview with please thousand --bloomberg interview. it is 2000 all over again. china's economy has not grown to slowly since the financial crisis. we will look at what this means for the rest of the world and the bright spots in the numbers. we have breaking economic news out on home builders. julie: this is a measure of confidence for homebuilders. the national association index rising to 64, the highest reading in a decade, since october of 2005. could be a sign housing demand is going to remain solid in months to come. rising from a revised 61 reading the prior month in september. 64 is the highest reading we have seen on the homebuilder confidence index in a decade, even as some of the other economic data recently has been mixed. you see

betty: hello, i am betty liu. welcome to "titans at the table."ish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car trunk in colorado. he led a group that started echostar in the 1980's and then started dish in the next decade, upending the traditional cable tv world. in the process, he has become one of the richest men in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011, leaving the ceo rein to joe clayton. but just four years later, the founder is back in the hot seat as television undergoes another revolution. video, moving on to your second screen. like the satellite tv business, ergen wants to be at the forefront of this change by creating a new, over the top product called sling tv and buying up billions of dollars worth of wireless assets. assets that he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for our interview with him at his in

betty: ok. >> it itself. -- it speaks for itself betty:. . betty: why did you take this case on?ecause ofartly hate. but it also was partly and unfortunately -- and partly because i think this is a very urgent case to weigh on government operating. we give our government tremendous power and discretion to the executive bridge can use that discretion to leverage is there noower, beginning or no end to that power. that is very troubling for citizens. means is the government can one way or another property without any congressional authorization. our government is a government of limited powers executive been power has constitution and congress give it. if you allow the executive branch to begin doing things because they think it is a good idea, even though they have not been authorized to do that, our projections of individual property, our protections for individual liberty go away. i think this is a critically important case to the way our government operates and the kind of rights and preservation of rights that are citizens need to have. betty: before we go, just changing subje

betty: from bloomberg world headquarters in new york, good afternoon. i am betty liu. we are watching apple. world's most valuable company deliver another blockbuster quarter or will there be some surprises? markets are dipping lower as the fed [indiscernible] walgreens boosts its quarterly closing. how an acquisition helps walgreens battle cbs. -- battle cvs. julie hyman has all the latest on the breaking news. starwoodt's start with . .t is one example we are seeing stocks surge by 9%, the biggest one-day gain in six years. this is after the wall street journal reported at least three big chinese companies are competing to buy the company, including shanghai, jim young, international hotels and china investment corp.. again, all of this according to the wall street journal. this as china has said its companies would be more interested in investing outside of china itself. spokespeople for starwood have declined to comment. w wwood owns weston, the hotels. westin and the w hotels. ibm taking a leg lower after isclosing the sec investigating it. in with it is corporate

betty liu there you go. betty: thank you so much, dave.o will keep her eye on the markets. next, ayou miss?" is big week for stocks on a mixed note. we will be back on bloomberg. ♪ ♪ scarlet: we're moments away from the closing bell. alix: i am alix steel. u.s. stocks closing higher today and heading for an advance, the longest streak of weekly gains and smith. joe: "what'd you miss?". scarlet: it looks like consumers are more optimistic than expected, we will break down the data. joe: and winter is coming, why economists are looking carefully at el niÑo and what weather could mean for the markets. alix: who has the worst currency in the world, syria, ukraine, venezuela? do not miss the roundup of basketcase currencies just in time for the weekend. we begin with markets, we talk about highs in the s&p 500 closing at in eight week high. for the year, believe it or not, the s&p 50

i am betty liu.come back to our special "china: behind the wall." while china wants to make nice with the u.s., some serious issues hang over the two sides, one that is about to blow over, accusations that china is sparing on american companies. i asked counselor yang how china will ease u.s. concerns. mr. yang: they should work together and work out there rules for cyber security and the spirit of mutual benefit and mutual respect. china, itself, is a victim of hacking activities, and the chinese government is firmly against hacking of any kind, and i think every country should take a responsible, prudent attitude and should proceed on factual ground. betty: then how can you account for the white house? they say they have evidence that recent cyberattacks on the office of personnel management, for instance, the insurance company, they can trace those cyberattacks back to origins in china? how do you account for that? mr. yang: i think it is better to let the american sides tell people their position

betty: thank you.our top tech stories of the day, shares of twitter rising after the social media company officially appointed jack dorsey as permanent ceo. what took them so long? just before 8:00 a.m. eastern time, he pointed out we are working to change the board and i will serve as ceo of twitter and square. half an hour later he hops on a conference call to state his mission. >> we do not believe this will affect attrition negatively. we actually think this is a pretty good positive. it adds a lot of clarity. great teams want to do one thing, ship products people use on a daily basis. betty: for more on the news issues, aother tech former abc executive now vice chair of online retailer guilt inventorsretailer of who invests in women-led companies. kind of like the worst kept secret. we all thought dorsey was going to be the ceo. think they had to demonstrate they were going through a process. seeing what the best possible outcome could be for the company. believe they did look at other candidates,

i am betty liu. goldman sachs missing estimates on the big drop in trading revenue. , a lookp profit beating at today's hits and misses in banks. shares of netflix plunging after profit of subscriber growth falls short of estimates. what they are blaming the big mess on. another sign of weakness in the -- market as data flowing lowering the data and how shares are doing on the first day of trade. we are about half an hour into the trading session and i went ahead to julie hyman where she has the latest. stocks rebound after a couple of days of losses. of economic data, jobless claims, consumer prices coming in better than estimated that seems to be helping. we are really now been in earnings driven market. we are seeing stocks rise but much more important in this burning season to look at the individual movers and see how they are reacting to the earnings news. let's take a look at what is going on with the banks. you hear much more detail about them in the moment but a quick look at citigroup follow

i am betty liu.ou enjoy cruising the italian countryside on a motorcycle like these two guys are like speeding down a ski slope like one of the fastest men or if you prepare for commissioner thomas like nasa's deputy minister did, dainese has protective gear for every occasion. the italian company has spent perfecting years wearable tech for all motorcycle, skiing, and space in busiest. i want to bring in matt tiller with dainese and the new ceo. matt: thank you very much. full disclaimer, i wear a lot of the gear and bride a lot of motorcycles and i'm glad to have your cristiano. finally, we will get airbag suits, talk to me about the release of the new technology. cristiano: the new technology is finally coming to the u.s., it is a break the technology that has two key components. one is the sack which has technology different from what you see in a nearby in the car. it has parts that go throughout the dax -- throughout the jacket to deployed to protect every shop -- every shape around the body. i

betty: -- trading lower by about 4%. betty: thank you.lmart, but we will tell you why could be the biggest u.s. ipo so far this year. ♪ betty: welcome back. back in 2007, kkr made the bygest equity bet ever taking payment processor first data private. years later, the firm stake bet may be pay not because first data is seeking to raise as $3.2 scheduled an offering price today to make it the biggest ipo so far this year. bloomberg has more on this. for while, the pipeline was quiet. is first data can pull it off? alix: we are expecting them to start trading tomorrow and at the top of the range, they are marketed $.2 billion as the biggest this year. the pipeline has been slow but this should be the biggest coming through the fourth quarter. betty: for this the reception? : kkr ticket private, a payment processor to run the pipes behind-the-scenes of that and credit cards. they were good thanks and merchants. it struggled to the recession as you saw consumer spending anlback but they brought in executive who comes from jpmorgan who took ov

betty: interesting.be, and so in that sense, is that an appetizer -- is that an advertiser's dream? brian: no, i think an advertiser would like to have a more level playing field. tohink they are trying establish walden gardens and -- gardens, in a way, and you're trying to compare and is really hard for facebook and for google to do that. betty: how much do you see is the difference with facebook? brian: the most impressive thing about facebook has been their commercial focus. from the top down, yes, they care about the consumer, but when it comes about to the commercial endeavors, you can see, particularly from sheryl sandberg on down in particular, it is about the marketer as much as it is about the consumer. where google has a really stark contrast. there are plenty of people of there who have that attitude. i don't think that marketers are necessarily evil in the google world. before we go, brian, what is the biggest risk here for facebook? brian: i guess it is just about how fast they grow or how f

hello, i am betty.ish network ceo charlie ergen has been known as something of a renegade, from being thrown out of casinos for counting cards and selling dishes from his car. in the process of starting his company, he has become one of the richest man in america, worth more than $20 billion. he stepped out of the spotlight in 2011. hadning the reigns to joe clayton. just four years later, the founder is back in the hot seat. like the satellite tv business, ergen wants to be at the forefront of television change with an over the top product, sling tv. he wants to buy assets of what he says can be used to build a legitimate competitor against at&t. when we sat down at "titans," i asked him to describe his plan. charlie: tv is changing. people are looking more for what they want to watch and not paying for what they don't want to watch. tv is everywhere. part of that is the technology is ott, over the top that allows customers to do that. the second transformation is wireless. there is only two ways to do

betty boyd caroli: yes.okie roberts: and she's aware of that. she writes intentionally. but she's clearly -- i mean, she's also clearly upset in that recording. you can hear it. and she's trying to both describe the situation, but at the same time, give homage to jacqueline kennedy, you know, this very meticulous woman, caked in blood, all of that -- to, you know, say -- she's trying to tell you what was happening, but not to, in some ways, sort of sensationalize it. susan swain: and for her following in mrs. kennedy's footsteps, cokie roberts referred to that this sort of delicate dance of being respectful, but needing to take control. what was the two women's relationship like? betty boyd caroli: well, lady bird johnson, many people said you must be -- this is a daunting act to follow. and she said, "well, feel sorry for mrs. kennedy, not for me, because i still have my husband." and i think she made a special effort not to imitate in any way some of the projects that she considered, for example, beautifyi

betty: welcome to the bloomberg market day. good afternoon. i am betty liu. this is what we are watching this hour. markets are moving lower with signs that the fed may be looking to december. pfizer looking to acquire allergan. but the deal could become a key issue in the 2016 presidential campaign. ibm just brought it with a company with digital assets. why sell the digital assets only and why sell it to ibm? when you are about one hour away from the close of trade. this rally has been halted inequities. julie: when you are seeing declines today. a halt, a pause, whatever you want to call it. are stillrest and we talking about the fed because yesterday stocks rallied after the fed came out with a statement, leading people to believe it is opening the door to the possibility of a raise in december. on the averages are lower at this time. mostget utilities down the in percentage terms as we see rates go higher in the treasury market on the back of the fed statement. financials, information technology following closely behind. those are the two groups that are

betty? betty: vonnie, thank you. dell and emc have struck his $67 billion deal, the largest tech acquisition ever. will be a financial force in the tech sector. >> the coming together will create a powerhouse in the technology industry with morty $80 billion in revenue. it will be a leader in the number of the most attractive growth areas. betty: let's dive into the details of the deal with dan ives. alex sherman is in san francisco today for us who broke the story. alex, let's start with you on the details of this. why does this make sense? both of these companies are legacy tech companies whose main core businesses are not growing nearly as fast as they once were and they come together because they have complementary products. this is a method you have been hearing -- method you have been hearing from both of these companies. business focuses on small and medium-sized businesses. emc has a much better relationship with large businesses. you put them together and you combine dell's server business and emc's storage

betty: shannon: -- betty: right.hannon: it has been known for years there were problems with cleanliness in stores, poor customer service, lagging online. this was not an easy fix. betty: doug, who we showed earlier was at the next act exchange, talked a little bit more about that investment and i want you to listen to what he said about that. year'sillon: 75% of next investment, on top of the cost we have in our business, is related to people. toy will enjoy an increase $10 minimum starting wage rate. the rest of it is in e-commerce. some of it is in a price investment that we intend to make next year. betty: what does that mean -- a price investment? shannon: lowering prices. i asked the same thing. betty: i hate that kind of corporate language. basically raising prices. they are losing their edge. he talked about this investment in people. they really believe if they pay their workers more, if they are able to attract higher quality workers, that will mean better stores and better sales. they really believe that.