u are "in the loop i am betty liu. we have the breakdown of china to offeringe closer the iphone as we get closer to the four g network in china. it is a big moment for china mobile and apple. another big moment for ford. matt miller has details on the 50th anniversary of the mustang and how alan mulally has old tricks to get new business overseas. stephanie ruhle has highlights from her exclusive interview with hedge fund heavyweight title -- kyle bass. d.c. as goldman is in healthcare.gov sees a surge in users. signed a deal with china mobile to offer iphones on its vast network. we are joined with more perspective on what this possible deal that has not been announced yet would mean. tom, reports are rampant that they are just about to sign this deal. on the apple side, how big a boost is apple going to see if they did sign a deal with china mobile. >> yes, good morning, betty. a way i look at china mobile for apple, this is been a long, speculated catalyst, and the question was when, not if. withu look at china mob

i am betty liu. we have the top stories covered. the november jobs report is 30 minutes away. we have all angles covered. is looking at how investors are positioning themselves ahead of the report. ende hyman has lands' spearing up -- spinning off from sears. megan hughes is in the capital where politicians are one week away from a budget deadline. even lawmakers are skeptical any deal could be reached. are you as skeptical? it's good to alix steel for insight -- let's get to alix steel for insight on how the markets will trade. >> over the last two years, on average, the s&p was pretty much flat, averaging a gain of almost .2%. when the jobs number was stronger than estimated, it was up .7%. when it was weaker, it was down .4%. that is what you can expect with the s&p. usually, action is priced in at the open. performings wind up well on a positive surprise day? this is a day where you want to bet on the financials, which typically has a rally of 1.2%. next up is consumer discretionary, also pretty strong, up one percent. 1%., industrials up you have a risk-on trade when the

with betty liu. 8:00 a.m. with betty liu.tis, wanted to defend buying up all the homes, all of a sudden, the housing market gets better. are you going to force higher prices on america because he bought all the stuff when it was cheap? >> what you have to think about as we are providing shelter to households. under produce households during a recession, people were doubling up, living with mom and dad, they will now come out, it is already happening, we are now back to over one million households being produced. where are those people living? unfortunately, a lot of them cannot get credit. i will give you -- i was in atlanta recently and there was a police officer that i saw, and he was touring or house, and i asked him -- he said i am on the force 30 years, i cannot qualify. that is why he is going to rent a house, he is going to pay is $1200 a month rent. >> adjust the of the time here, tom shapiro, mid-transaction, what is your time ayako is this a two-year investment, a 20 year investment for fancy guys like you -- what i

"in the loop" with betty liu this morning at 8:00 a.m.ot updating its 2014 and 2015 guidance. the stock relatively flat. it was up earlier. the company expects to meet 2015 profitability goal a year earlier. have donedelli would it in six months. >> it will also boost revenue growth by about five percent next year, it will spend about $5 billion buying macs -- buying back shares. it is hard to find somebody saying something bad about the company. even if analysts are worried about valuation, it is difficult to find a negative fundamental. >> the perfect are sent to william in -- to weigh in, former ceo of home depot, bob nardelli. when you hear the numbers, what does the company have most to worry about as we head to another year of decent growth but certainly not blockbuster? >> look, i think they are doing a fabulous job. i think they have a dominant and each of the merchant departments. i think their stores are very attractive. they are well kept. they provide a lot of aspiration. they've got a ton of private brands out there that cert

joining us right now, betty liu. do, betty liu? >> ron johnson is going to be joining us.e is the senator from wisconsin. he is visiting us in new york. he is one of those who have said we need to repeal obamacare. he made an about-face and conceded defeat yesterday. we can't, he said. it is a huge deal. let's talk about transition is what his new comment is. >> betty liu, 8:00 a.m. this morning. she will have continuing coverage from south africa. with us, william cohan. he is focused on capitalism. ridiculously the controversial -- specifically, the .ontroversial can -- comments pope made an interesting statement, 250 pages, about five or six pages were about our economic system and the way -- >> our consumerism. >> the way that certain people have the benefits and other people get left behind. people are forgetting that. he raised the specter of the golden calf and our devotion to monetary possessions and things that can be bought with money. >> what is the distinction here? >> i think it is important to remember that there are a lot of people were making a lot of money

i am betty liu.television is on markets. equity futures climbing slightly this monday morning. this is going to be a bit of a slower trading week. we are waiting on personal income and spending numbers out in a few minutes. up half a percent each for those numbers. an early glimpse of holiday shopping. on the markets again and 30 minutes. the iphone finally available in china. apple in china mobile announced the long-awaited deal last night. selling's this in retail stores beginning january 17. $449 million in damages after us which mark -- watchmaker claims of breach of contract. that will be more inventive than he earned all of last year. said it is extremely disappointed by the decision. it is conferring with the legal team about their options. the fallout continues from the hack attack that resulted in the data breach from 40 million credit card companies. in the meantime, two senators calling for investigations into the discount retailer security issues.and major bank monitoring customer account

betty liu is off today. hour.26 minutes past the bloomberg is on the markets. can see a slightly higher open for the s&p, the dow, and the nasdaq on this last trading day of the year. we will bring you more on the markets again in 30 minutes. your top headlines -- netflix is testing a new price model to curb account sharing. the plan will be offered to some new customers, and they will be charging the number of people that could use the account. monthly charging will range from $6.99, to $11.99. a train carrying crude oil caught fire after derailing in north dakota yesterday afternoon. a berkshire hathaway rachel ray operates the train. -- a were no injuries berkshire hathaway rachel ray operates the train. there were no injuries. tebow is joining espn as a college football analyst. nfl thist of the season after being cut by the jets and the patriots. he says he is not given up on playing quarterback again in the nfl. for was not the best year d.c.. when the government was not shutting itself down, or a -- manufacturing a crisis, there was the affordable care a

in the loop with betty liu, betty will be breaking down the jobs numbers at 8:30 a.m.in focus. as wall street readies for a strong report, we hunt for the economy's weak link with pimco's mohamed el-erian and labor secretary tom perez. how does a retail giant stay one step ahead? we go inside ebay. tourism in mexico is booming, but so is the drug violence. how the country is tackling its pr nightmare. >> from bloomberg world headquarters in new york, this is "in the loop" with betty liu. >> good morning. 6.is friday, december we are live from bloomberg world headquarters. you are "in the loop." i am betty liu. we have the top stories covered. the november jobs report is 30 minutes away. we have all angles covered. is looking at how investors are positioning themselves ahead of the report. ende hyman has lands' spearing up -- spinning off from sears. megan

i'm betty liu. >> i'm cory johnson. only six minutes past the hour.ef markets correspondent scarlet fu watching early- morning trading. what is a look like? take onaiting for final third-quarter gdp coming out in a few minutes. ahead of that, features little changed to higher as we get ready to close out the week. i want to look beyond stocks. treasuries falling. the yield on the 10-year rising. inching ever closer to the three percent level after the federal reserve this week decided it would begin tapering or trimming its stimulus, the bond buying program by $10 billion a month. the dollar is at a five-year high against the yen. gold prices continuing faltering. bearish comments from goldman sachs on the gold that is certainly helping put the pressure on gold prices. goldman sachs citing the decline is not over as it heads to the biggest annual drop since 1981. we are on the markets once again in 30 minutes. >> thank you so much. and look at our lobar top headlines. more trouble for smartphone maker blackberry. the canadian company reported a signif

betty liu gives us a sneak peek into the crystal makers plans for a luxury hotel right here in new yorkcrystal, delicate, ornate, sparkling, synonymous with dr. baccarat. new are taking it to heights. the man who created the w hotel in now runs about 29 billion dollars at starwood capital, a private firm focusing on private real estate and hotel and baccarat is going big with luxury accommodation in the middle of bustling midtown manhattan. >> we have a good mix of domestic and international buyers, about half and half. i think this is a great location if you are coming from offshore. your steps from fifth avenue, steps from moma. sternlight has already sold about half of the 60 residences which range from $3.6 million to $60 million. got me? >>d have you i'm very involved in places with where the outlets are. you don't have to move the and table to plug in your ipad. it's next your pillow. has spared no expense. pre-k's i don't think you could spend more money. it's not possible. don't think you could spend more money. >> h resident has a signature baccarat piece. do something as uniqu

betty liu and cory johnson asked is forhat his outlook the new year. are going see lower interest rates, not higher interest rates. the economy in the third order was a misnomer, three .6 gdp was 1.6 and final sales. oil is going to come down. the market can go up, but we are profit margins -- >> you do not see tapering? takes $5 billion or $10 million a month, it is not doing any thing. >> you do not see the fed doing anything? >> the fed can lower the amount they purchase, which would not have a huge effect. the key is what the economy is going to do. we think it is going to muddle through, lesson 2% growth in 2014. christmas has been a terrible period so far. the inventories are up 7% on retailers, final sales and black friday were down 3%. gdp is going- 3.6% to be 1.5% in the fourth quarter. we are over the hump on profit margins. you are going to see a case-by- case basis. as crude comes down, some of the oils may have problems -- >> $80. >> housing will have a resurgence because rates are going to be 2.5% on the two- year, not 3%. >> how are you

qwest it is like a christmas party at betty liu. here is a whiskey fun fact.0% of the purchase price of 1/5 of whiskey in the u.s. goes to federal, state, and local taxes. something you do not want to do after a night of drinking whiskey. ski jumping. today's mystery meat. world cup ski jumping event. the jumpers sailed more than the length of a football field. let's watch. ♪ >> let's get you caught up on where stocks are now. we do have stock raking the five-day losing streak and rallying today. this is different than you have seen. in recent days, you get better than estimated economic data, we have had stocks pull back as on deals go higher on the perception the federal reserve will begin tapering the stimulus. -- we have theot two year yield higher. what to make of all of this? there is less than a month left in the year and the markets have been doing very well. joining me now to dive into what could be next is the chief a bankent strategist at visiting us from chicago. good to see you in person. what do you make of today's jobs report and the reaction we

. >> "in the loop" with betty liu will be right back. ♪ >> first.loomberg. >> if you want someone to blame for all of the sponsored advertisements in social media, the next guest is the man, ted murphy, who is largely credited for pioneering sponsorship and paid bargaining. and founderairman of izea. great to have you back on the program. you have bold predictions. number one is about bitcoin. we wrapped up the series on 12 days of it going. you think next year new york city will have its first bitcoin atm. >> absolutely. bitcoin is huge and there are opportunities for entrepreneurs to get into the space. you will see the first bitcoin atm in new york city. the first one in vancouver did one million dollars in transactions in the first month. bitcoinse accumulating , but there is no easy way to get the money back out. so many financial transactions happening, it is a great opportunity for an entrepreneur. >> this is also because you mine bitcoin. >> i do. i have a rig at home. i am basically cracking code all day long. i am accumulating bitcoins and

i am betty liu. >> on cory johnson.26 minutes past the hour which means it is time to go on the markets. fedhave the start of the policy meeting. certainly, investors eyeing what they say about tapering. of course, they will be announcing that tomorrow. on the markets again in 30 minutes. selling its connecticut wireline operations to frontier communications for $2 billion. the company is based in connecticut and will be able to provide services to residents in its home state. rolling out a new advertising system. selling videot ads to advertisers beginning this week. the videos will play automatically. one of them will be a short tease specifically made for facebook for the new movie "divergent." 90 4.5 million people will be traveling over the holidays this year, reaching a record high. 94.5 million people will be traveling over the holidays this year, reaching a record high. the number of people on the road will increase and those by airplane will decrease. amc expected to post today after the close. the movie theate

i am betty liu.s is "singapore sessions." ♪ >> "singapore sessions" rings together executives with the perspectives and experiences to talk business in south east asia. tonight two icons of international business, andrea illy of illy coffee. and william lauder of

u are "in the loop i am betty liu. china to offeringe closer the iphone as we get closer to the four g network in china. it is a big moment for china mobile and apple. another big moment for ford. matt miller has details on the 50th anniversary of the mustang and how alan

this is "in the loop" with betty liu. >> welcome back. general motors makes history today.se mary barra as the first female ceo. will replace dan ackerson. shares of toll brothers rose 65% in the fiscal fourth quarter. earnings beat estimates. the average home price up 17% in seven -- two $703,000. the editors all things behind dear taking things to nbc universal. getting back to the breaking news story about general motors. mary barra, the product chief, will be the next ceo of general motors, the first ceo -- female ceo. dan ackerson retiring in january. he mentioned it was inevitable that at some point a woman would take over a carmaker. big dealis not just a for her and a big deal for gm, the largest company ever run by a woman. $5 million in revenue. compare that to +++ startup company. this is my understanding, that this really attracted the attention of dan ackerson and his support over the past year or so. lets my sources on the board say when they were thinking about the next ceo, the issue is about continuing the work they are doing. there is a lot of work ahead,

i'm betty liu. bloomberg television is on the markets. equity futures are creeping.al jobless claims for the week ended december 21. a little bit lower than what we .aw there are seasonal factors. we are on the markets again in 30 minutes. here is a look at our bloomberg top headlines. it was not a happy holidays for target. security breach exposed data on 40 million debit and credit cards. most of the lawsuits accuse target of failing to detect customers' information. volkswagen has sold more cars inn gm for the first time nine years. they delivered more than 300 golden state will be on target -- they will be on target to deliver 3 million vehicles in china this year. softbank wants to take a majority stake in t-mobile this spring. a lot more going on in telecom. we are standing by to bring you the latest read on the economy. julie hyman will have a breakdown of those numbers. alix steel is watching corn and how washington will determine the fate of farmers. chief washington correspondent peter cook watching the president's decision to nominate max baucus as his nex

i am betty liu. food, movies, and social media. we begin by talking about shares of hilton. they have been trading today after the biggest ipo ever for a hotel company. both and raised $2.5 billion. one of the largest private equity profits of all time back in 2007 there that is the blackstone group. unusual ipo for amc. members to buy shares. it is really an unusual thing. so the worst. score one for pepsico. its beverages replaced coca cola at buffalo wild wings across the country. it opens the door for interesting food creations. we might be talking about doritos and crusted chicken wings or something like that with this deal. qwest that sounds disturbing. >> that sounds disturbing. >> it sounds interesting. >> it appears he is heading to the fed. the former bank of italy's governor has except the job of vice federal chair reserve. why is everyone excited about >> there is probably nobody more respected, nobody better known. he is not a household name but he sure is in this perfection. -- profession. nolan freeman and the whole game , he went back to m.i.t. and taught the

. ♪ ," with is "in the loop betty liu. >> welcome back to mow this is what we're working on.een rejected for the second month of the rope. they fell short of s&p. aig is selling off its aircraft leasing unit, the price is five early dollars cash and shares. google has bought its eighth robot company. cyborg tech in the financial growing, as more goes on the market. how's expensive is it to resell information? >> not very much. stocking really little -- shockingly little. if you look at something called oflz, that is your full set touristic's online -- characteristics online. your full name, your address, your e-mail, your data bird, and her social security number. it might include your account information, credit card information, other types of credit credentials. . like rede for sale cardnumberless -- credit numbers, and when he about these , four dollars each for a visa or mastercard number. >> what it tells us is that the , the thieves are not going to use it, they are going to resell it. >> in some cases, yes. when you're talking about who might be buying and selling thi

i am betty liu. is 26 futures -- it minutes past the hour, so we are on the market. futures are higher this morning. there was a three-day drop. stocks have moved almost 300 points since september. this is a little bit of a respite. we are on the market again in 30 minutes. stocks thise in year has been something amazing to see. how long can this market run? the hedge fund dialectic capital management bets against some companies. they look at the companies with the highest risks. they say the companies represent bubbles. we have talked for years. you are a client. >> still am. >> you and i have talked for over a decade. you are talking about the current market. what do you see? >> risk has been intentionally mispriced. >> what do you mean? >> the fed has easy money. people are taking more risks. sometimes, there is a reach for yield. it could be in dividend stocks. you how we hadl so many people come on the still -- program to say to buy dividend stocks. >> there were pension funds. they are dying on the vine. that theybenchmarks are required to hit. they're doing ev

i am betty liu.icymakers beginning their meeting, deciding on whether to back off on quantitative easing. we will talk about the fed's options with mohamed el-erian, who will be with us in a little bit. president obama meeting with company executives from apple, yahoo!, facebook, google, to talk about surveillance and healthcare.gov. the senate will start considering the budget compromise passed last week by the house. six republicans are expected to vote for the bill. senator orrin hatch is one of the besthe says it is that republicans could have hoped for. all day we are focused on congress. 56 pieces of legislation have been signed into law, tying the low record. offhouse took 191 days

betty liu got a look at what so special.hl >> it is quite different from anything you can see out therecernible] like having the experience of a motorcycle. is almost like a mini cooper. it is lighter. it is wide. we are inside the base model. lightweight car. the car isation of quite impressive. from zero to 60 in 3.5 seconds. breaking of the car is less than 100 feet from 60 to zero. the engine comes from the u.k. era to the bodywork comes from canada. the brakes come from the u.s.. the wheels come from italy. the tires are french. we try to work with the best in every component. government federal has funded the project from day one from the science and technology council. >> they wanted to support because part of the statement is, look at us. mexico can produce beautiful sports cars. >> may be in the beginning but now it is. we produce in low volumes. the kind of project we can now see in mexico. >> coming up, the latest housing higheris out and despite mortgage rates, home buyers are snatching up new homes. the housinging market reach new heights? we will sit down and find out when

i am betty liu, in for deirdre bolton.gr of americans for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 330 8000, the biggest drop since november of last year. areomists say the figures worked by seasonal volatility around thanksgiving, christmas, and new year's holidays. shares of ups are bouncing back after it's network became overwhelmed in the days leading up to christmas. thousands of packages were delayed. in the meantime, amazon says it is refunding shipping charges and giving customers a $20 credit towards huger purchases to compensate for those whose packages did not arrive in time. snow is falling in places where we can by storms turned out the lights from michigan to maine. southeast and interior main has been without electricity since sunday. the area is expected to get up to seven inches of snow by the time the latest system pushes off. utility companies are worried that the extra weight could cause setbacks in the around- the-clock efforts to restore power to millions of people. s

that was mohamed el-erian on in the loop this morning with betty liu.nclusion of the fed's comments tomorrow. "money moves" starts next. ♪ >> welcome to "money moves," where we focus on alternative assets. by jeter bulletin, we show you what investors and entrepreneurs are doing as well as was going on and hedge funds, private equity, real estate and more. today the ceo of the biggest private equity firm by assets joins us. blackstone

that was mohamed el-erian on in the loop this morning with betty liu. we will get the conclusion of the fed's comments tomorrow. "money moves" starts next. ♪ >> welcome to "money moves," where we focus on alternative assets. by jeter bulletin, we show you what investors and entrepreneurs are doing as well as was going on and hedge funds, private equity, real estate and more. today the ceo of the biggest private equity firm by assets joins us. 's steve schwarzman tells us what he thinks but opportunities in the new year. allowing investors to pool funds to rest -- invest in real estate. plus it is the new "words with pp is at theiza top of the apps category. first up, we're were to put the focus on private equity. we're good to start with a firm getting eager. since the five it -- financial quadrupledkstone has in size. ceo steve schwarzman wanted to get even bigger. he joined erik schatzker earlier. where does he see growth? >> wherever it all where it he is -- already is. it also isn't really slowing down. yes a couple of years ago blackstone was growi

this morning betty liu asked the chief investment officer at fort washington investment advisors wherekets are headed from here. where are we? i think the reason i'm not in amp isper bowl -- bull c we are value investors and we are saying, this market is not cheap by any means. >> but nick, i have not met that many super bulls. 30% in the s&p, you're not going to get that next year. >> that's correct. despite all of this, there is still skepticism in the market. that actually makes me feel better. we going back to the days of the tech bubble and the like. i don't think so. i still think a lot of people are still very cautious. the retail investor has missed most of this rally. these are the reasons i'm saying, don't get scared and pitchout. i think that would be a mistake. expectations set and say, the days of the supernormal returns, those days are behind us. the gap between the stock market and bond market is the biggest i ever remember. i'm not a young man. i never remember 30% up, 2% down. some people would say, do i rebalance to bonds. the question has to be -- i think 2014 could

. >> betty liu, thank you so much. randi zuckerberg will join her at nine a clock a.m.rbergs -- be added to the s&p 500. it is already a member of the nasdaq. now it will be on the s&p starting december 23. more than $5 trillion of money tracks the s&p 500, and one analyst says that funds that track the s&p would need to buy 190 million shares of facebook. >> unbelievable. , testinging twitter redesigns of profiles, hoping to keep users engaged. 230 million users attached to the side. a buzz of activity to keep them on twitter. basically, what this would do is postsusers most popular most prominent, not necessarily in a timeline. >> shares of lululemon down more than 1/10. fourth-quarter earnings per share, revenues, same-store sales all disappointing because of delays in new merchandise. this comes after the third- quarter profit each analyst estimates. if you can believe what the premarket trade is telling, this stock is going to trading at its lowest in more than a year. >> when we going to see lulu lemon and not think of share pants? -- sheer pants? a district court

betty liu and "in the loop" is next on bloomberg television.everyone. ♪ -- last-minuteg deals don't appear to be bringing shoppers into the malls. 21% andaffic plunged the week that ended saturday. retail sales dropped three percent. jpmorgan plans to boost bonuses for investment bankers. some jpmorgan bankers will get an average increase bonus of 6 -- 10%. it is still money in your pocket to buy gifts. the former russian oil tycoon is opening up after spending a decade in a russian prison. you will hear what he has to say. let's get down to washington, last-minute health insurance shopper still have a few hours left to enroll under obamacare. the obama administration pushed the deadline act again 24 hours until midnight tonight after a crush of last-minute signers. peter cook has more. this was the deadline that was not supposo

scarlet fu with us, alix steel, mario gabelli -- and joining us, the author, betty liu. name just to betty. what is your new book? mario, give me this lovely book. >> mario is in it, by the way. >> good morning. >> mario gabelli does not know it, but he is in the book. >> you are not going to blush, right? thenot in theobit -- not in obit section. program, we have tom carper, head of the homeland security committee and he will talk about all the issues we have been discussing some of the nsa and the findings from the white house advisory panel. pretty stunning. also about the budget he'll -- a and oslo fromaper the fed. a lot of topics. >> that he knew, thank you so much. "in the loop" with betty liu at 8:00 a.m. this morning. >> the week of buybacks -- boeing, $10bs, billion, gm, up to $22 billion. it speaks to them amount of cash these corporate balance sheets have an companies are still reluctant to invest in their businesses. it is perfect would have mario gabelli on to join us to talk about the use of cash by companies. using cash companies to buy back stock or do yo

to betty liu at the bloomberg look ahead 2014 conference about this push into digital, here's what heen't going hard after digital, so we have markets around the world that are doing some things in digital, we have some areas where we are testing mobile payments. we have mobile payments in some areas, we have some areas where we have mobile ordering. we have some online ordering in certain areas. manye have not had markets, we have a couple now, but not many markets that have really holistic digital engagement offering. is in 1000 stores, mostly of empresses go, st. louis, and boston. you should see a dedication to leat mike -- what mobi will mean to mcdonald's in the future. the idea is that if you go into the story might add on action items, which increases the ticket price. the issue is the mcdonald's might not have the researcher to pull it off. starbucks is seen as the crÈme de la crÈme of all mobile apps, because they do not have any franchisees eared it is easy for you to buy in one store and redeem in another. areof mcdonald's franchisees, and that is where i felt might run in

. >> the ceo spoke to betty liu at 2014 conference.ly, mcdonald's will good position to do whatever we need to do relative to that. we are not a minimum wage -- employertoday today. the opportunities we provided mcdonald's are much greater than , as i'm attuned earlier, many of the places. the issue is that there are 3.9 million fast food workers in the u.s. and the majority are actually employed at mcdonald's. they employ a huge trunk. this is a lot of fuel to the fire. >> how does this fit in with how many athletes are making minimum wage? -- how many employees are making minimum wage? there are a lot of moving parts. >> the issue with minimum wage would not necessarily affect mcdonald's bottom line. it is the franchisees that take the hit. there are pills and condoms that would raise the minimum wage to $10.10. that is ashe there are bills -- there are bills in congress that would raise the minimum wage to $10.10. it highlights that they are losing customers. they don't have as much pricing power as well. same-store sales in novembe

i am betty liu.s is "singapore sessions." ♪ >> "singapore sessions" brings together executives with the perspectives and experiences to talk business in south east asia. tonight, two icons of international business, andrea illy of illy coffee. and william lauder of the estee lauder companies.

i am betty liu.ngapore sessions." ♪ >> "singapore sessions" rings together executives with the perspectives and experiences to talk business in south east asia. tonight two icons of international business, andrea illy of illy coffee. and william lauder of the estee lauder companies.

with betty the loop" liu. the countdown begins right now. >> welcome back.re working on now. the s&p starts at a record high after the said decided to slow the pace of bond purchases and maintain zero interest rates. year.warren buffett's big he had a good one. and we will talk about the future of bitcoin. >> the casual dining industry has been struggling. red lobster, the seafood chain thee have been looking into breakup. was'm not sure there romance involved in this particular partnership. why redobster -- lobster in a complex red lobster has not been doing as well as other chains. -- >> why red lobster? >> red lobster has not been doing as well. jarden's declining sales have -- declining sales have been more consistent. there were other chains they were partnered with that were doing better. it is either going to sell it off or spin it. it has not decided it is -- it has not decided. people are going fast casual and now they are staying away from fast food, is that if? >> that is part of it. npdt some sales trends from group this morning that shows the av

i am betty liu. this is "singapore sessions." ? sessions" brings together executives with the perspectives and experiences to talk business in south east asia. tonight two icons of international business, andrea illy of illy coffee and william lauder of the estee lauder companies.

he will be with betty liu at 9 a.m. this morning. i wonder what impact the fed has.here is question about confidence with regard to amazon. hundreds of amazon workers in germany went on strike as pre- christmas sales were set to peak. germany is amazon's second- biggest market. >> i did not know that. of sales make up about 1/3 the overseas totals. hans nichols is covering the story in the league zig -- leipzig. this is a cross-border story. it's more than that. .here are also concerns workers are concerned that amazon will open up new plants which they have announced in poland and in the czech republic in the labor will be cheaper there. that is their concern and they protested all morning and then they headed down toward city hall because they want to have a political front and the company front. far, amazon says they have been able to deliver their packages on time. it has not affected them. very american discussion. explain to our american audience the difference in the guild structure and the difference in labor in germany. this is not the same as a union distur

u are "in the loop i am betty liu. the 2013nounces shopping season was their best ever.. the online retailer also added one million customers to the , addingrime program enough customers to deliver one gift to every household in america and they probably did. twitter shares are continuing to in, a 63% jump since the ipo november. blogging site has not released financial results as a publicly traded company, so what is behind the surge? president barack obama signed two important bills into law last night while on vacation. one is the budget deal crafted by paul ryad

. ♪ come gois "in the loop with betty liu. here's what we're working on.e members -- the deadline for the numbers of congress on the aca. coming up we will hear from american's new ceo. when it comes to mcdonald's, americans apparently are not loving it. dropped point eight percent. moving and shaking this hour, hedge fund billionaire john paulson is coming about -- is making a comeback. a number of wrong way bets helped to cut his assets and half from their peak two years ago. paulson's fund is up two percent this year, and his recovery fund is up 55%. loser, still has one big his goal fund which has strong to $370 million. cory johnson is here with me "in the loop" this morning. ever since he made those egg wins in housing, he has been scrutinized in those losses. >> he raised a lot of money in the down market. gold has been a really rough investment. aboutis excitement alternate currencies, whether it is cold, whether it is other trades, and of coarse bitcoin -- of course bitcoin. it is good to see him making a little bit of a comeback, especially in th

this is "in the loop with betty liu." the countdown begins right now. >> welcome back.e that flash -- inshing prices will bring shoppers. sales were down 3% last week from a year ago. former oil tycoon mikhail khodorkovsky talks about his 10 years in prison. khodorkovsky sat down with bloomberg in a rare interview. mortgage applications have hit a 13 year low. interest rates rose after the fed decision to pare back bond buying. what will that do to the housing market? consumers are doing their part, november retail sales were stronger than forecast. lots of questions about how long that will last. economics editor mike mckee says it appears in america's companies are getting with the program. -- wee a horrible good saw durable goods coming in. >> better than forecast, good news for the economy. shoppers did their part, retail sales were up 0.5%, better than expected. americans do have some reason for cheer. companies are starting to loosen the purse strings. we saw that with the personal spending and income report. incomes reported up, wages and salaries starting to ris

. >> here's what the ceo had to say about it when he spoke to in 's ancora betty liu. >> is where --rease, we will do what we have to do. we are not a minimum wage of blair today, and the opportunities provided at donald's are greater than at many other places. of the daynd mcdonald's applies a chunk of that. just one issue facing mcdonald's in the industry, one of the others? >> it is not just the pr disaster, and is a lot a people who are not eating in their stores. they're getting really hurt, people are eating out less. same-store sales in the us down 10% in november. revenues estimated to be up 2.4% for this year, less than half of the that's other competitors. at the end of the day, it's a rebekkah brunson access at all. it said that mcdonald's is a restaurant that consumers are least likely to recommend their friends and family. feel,s not have a cool and the question is what do they do not? -- what do they do now? analysts are saying they needed new product. they tried the mighty wings, that did not work out. they were a dollar each, they were spicy, they did not sell well. >

joining us now is betty liu. >> don't let him back in. >> what you have on the show today?e talking about this company where you order snacks by a monthly subscription. the ceo was going to be joining us this morning. >> they can deliver at 6:00 in the morning. >> they probably could. everything from nuts to chocolate covered pretzels, we could all chip in for one. >> what a great idea. going to talk specifically about warren buffett. we're going to replay some of the highlights of his comments throughout the year and what he said about everything from ibm to government shut down to breaking bad. we are going to talk about where he is going to invest in 2014. buffett made $37 million per day. >> it's pretty good. liu in the loop, -- at 10at 10 a.m. and a.m. >> let's get to some business. money,want to make some how much do you want to bet on apple? deal, apple can sell apple products. they have almost one billion users in china. there are a lot of potential iphone sales out there. microsoft, not one billion, microsoft sold 2 million of the xbox one. it is fantastic. people

betty liu is off for the day. it is the last trading day of the year. will expire breaks tonight. economic warren buffett is increasing bets on transportation. gold probably closing out its first annual loss since 2000, down 29%. investors are less bullish on the safe haven economy as the u.s. economy finds strength. it is the biggest slump in three decades. gold is down, as was the number of public company 20% aslower by more than compared to other years. me now. alesci is with a few

"in the loop," with betty liu, coming up next.is monday,rning, it december 16 and we are live from bloomberg world headquarters. a lot of big news -- aig is getting out of the airplane business finally. it agreed to sell its jet leasing unit. the price is $5 billion. elon musk is getting ready to sell tesla cars in china. it tesla has unveiled its chinese website and is inviting customers to put down deposits. cost $100,000 in the united states but it will cost $200,000 in china. the price of privacy is on our radar today. your face print could be a huge tool for marketing. there are companies drafting facial recognition code. the congress department will meet with companies in february. it's anin

i'm betty liu. it is 26 minutes after the hour, which means bloomberg television is on the marblingts. chief markets correspondent scarlet fu has more right before the open. >> it looks likes futures have inched higher over the last two hours or so. we could have a higher open in u.s. stocks. no economic data of note here, and not much of a reaction to the budget agreement. the preliminary budget agreement reached between congressional negative fors. it does look like, though, we should be able to avoid a government shutdown. when it comes to the treasury market, we are looking at treasuries ending a three-day gain, so yields are moving higher. and also, the yen recovering from a six-month low versus the dollar, so we're seeing a little bit of strength there in the yen as well. we're on the markets once again in 30 minutes. betty? >> ok, thank you, scarlet. cory has a look at our bloomberg top headlines. core any >> betty, first if home depot expects to meet its long-term probability goal a yeering

. >> betty liu, from 8:00 a.m. until 10:00 a.m. >> time for morning movers. to be surprised from the company topping the list. amazon shares of the moment are down. unfortunately for amazon, they got caught up in the whole ups -- --mike, i think >> yes they switched. they were down. anyway. the problem isn't with a feeling that may have lost revenue because they are promising refunds for shipping that did is take place -- the problem a feeling that they may lose revenue. but they are often -- also the naughty list. >> but it is still early. >> softbank looking to raise money again for a bid for t-mobile. dealis the slowest moving in the entire telecom sector. t-mobile is up on the news. still owned two thirds by deutsche telekom, which bought it 10 years ago with great flourish but never has been able to make it go. we will see if softbank intuit. >> ebay is down still. the problem is, sales have slowed. they were up only nine percent this past week and were up 20% prior week. >> perhaps of the loser of the holiday shopping season. coming up, the arctic -- a

liu"n the loop with betty at 12:00 p.m.dio. >> one-week come back, just me talking about drones. they have got lawyers. we will talk to the lawyer leading the first group specializing in unmanned commercial flight. you don't want to miss this. a drone lawyer. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> amazon shocked the world on cyber monday when jeff bezos say he is working on delivery by drone. would pick ofaft your packages from a warehouse and fly them to your doorstep. jeff bezos believes this could be the reality in five years. this being america, where there is innovation a lawyer cannot be far behind. decided torm has start a practice in the uses of unmanned aircraft systems, commercial drone. brendan is here with me on "market makers." i am calling you the drone lawyer. welcome. >> thank you. >> let's say i am in a business and i want to use drones. i'd buy one or build one, what can i do and what can't i do? >> there is ambiguity right no