they all know betty liu. good morning, betty. >> scarlet fu is off. i am here with tom keene.ohn malone at liberty media has made it clear that he hopes to consolidate the nations time warner cable, the number two cable operator. there are some wrinkles in this complicate it story. every time he is involved, it is very complicated. >> he is a financial engineer. at the core, he buys himself companies. that is what he does, in the most tax efficient way possible. let's not forget what the news is. he is offering to buy, liberty media is offering to buy siri us. they already own a majority. what is going on is that he is hoping to take full control of sirius to leverage the cash flow. he wants to raise money to make that bid for time warner. that is the second-largest cable operator out there. it is a big fish for liberty media to swallow. that is why they are using charter and sirius assets. >> they have been a cash cow. they have been lucky. they bought it and watched it grow. >> cash cow for everyone but the shareholders. does he give a care about the shareholders? >> he is p

. >> betty liu is out with a new book," work smart."ll this week on "in the loop," the biggest names in business answer a different question every day in today's question -- what is the one skill every leader needs? >> credibility, both in the way he deals with people and the way he deals with numbers and the way he deals with the realities that are around him. >> good listener. >> listening, your team your people in the market, customers, suppliers, they have a lot to say and the best ideas will not come from you your cell. they will come from other people. >> great people skills is the ability to be intuitive about people and hire people that are different than you. >> i think we have to listen, learn before we can lead. >> you have to be personally responsible and recognize that you are responsible for the lives of the people around you. they depend on you. you have chosen to be responsible and therefore you cannot forget those people. >> listening is the most important skill by a country mile. probably most important is the ability

betty liu with me. cristina alesci.h us as well. >> we have to talk about one of your favorite topics. usa hockey board of directors meeting this month to consider a ban on fighting for all levels of amateur hockey. the good news, fighting has decreased 20% this season. >> an interesting debate. something we will address immediately. then we will move onto the bigger issues of hockey. he simply changed the game. drafted in 1964. you did not go to college. ken dryden said no. went on to a famous career at cornell and ran than said what it meant to be an nhl goalie. i remember-- boy do this. what do you mean he is going to law school? played seven season and was the first inductee into the hockey hall of fame. with ken dryden. wonderful to have you on the program. let's get out of wave the fighting issue. john ferguson you played four years. is the fighting another time and place of john ferguson and the battles? will it be something of the past? >> it is moving that way but moving that way in a different way. what happen

our anchor of "in the loop," betty liu, asked him how involved he is day-to-day. >> the foundation ishe biggest part of my time but i put part- time work in to help as a board member. >> how involved are you with the search for the new chief executive? >> the board is working on that. there's nothing new to say. it is a good board. >> do you feel a sense of urgency at all on this front? >> i feel that way. then again, you want to pick the best person. they will move at the right pace. >> we had the fortune of having the mayor come back to this company and we are very happy to have him back at bloomberg. bill, has that ever hit your vision in the future of ever going back to microsoft's full- time? >> my full-time job will be the foundation for the rest of my life. melinda and i are enjoying it. i will not change that. i will help out part-time. >> that was betty liu with the founder of microsoft, bill gates, as well as the founder of bloomberg lp, michael bloomberg. he was a little bit away, not totally straightforward about his role. you think that categorically made it clear he's no

problem.stly a human >> bill gates and michael bloomberg talking there to betty liu. have weekly employment numbers at nine: 30 this morning. john is here to take us through what we are expecting. will that number get close to the 7 -- 7% target? not really a target, more like a threshold. inching ever closer to that threshold. what a difference six months makes. we could come down to 7.3%. we conducted a survey at bloomberg news just last week and 60% of responders think that forward guidance could be challenged with next month's inflation report. when the imf comes out and upgrade our growth forecast to 2.4% for this year, a lot of are asking if it can come sooner. >> had you keep interest-rate expectations down if you don't reassess forward guidance? >> lucky bank of england. what is happening on the inflation side, you will see it come back down toward its target and the bank of england is starting to look a little more like the federal reserve. you look less at the unemployment side and more on the inflation side. whether they would actually move to change the th

more of that conversation with betty liu.ernments and state governments tend to move money around. cities are where you pick up the garbage, where you educate the kids, where you bring down crime , where you enact health measures about where you can see, where it's labeled, those kinds of things. change has all been at the city level. we are trying to bring down crime and those are not done at the federal and state level. have such a huge arsenal of resources. how do you pick the causes that you get behind? inequity is how for children don't get to grow up and achieve their potential. we decided that most of the money is going to go to that cause. unfortunately there are things like new vaccines that will help those kids avoid getting sick and we are seeing progress. 5 are sent to the kids die before the engine five -- age of 5. we want to get that percentage down and match where we were in 1980. because there is this injustice, a lot of these things were not the and on at the level that they should be. area, develop expertis

i am betty liu.ica's fourth-quarter quadrupled,than earnings came in three cents better than one year ago. equity futures are climbing as well. equities could extend their biggest rally in almost four weeks as the world bank raises its global forecast. manufacturing in the new york area also rose. is our bob benmosche guest host barely without a lot of his business, washington smartcs, and how he works . another ceo is getting attention today. mary barra starts her first day at the helm of general motors, the first time a woman has set up the helm of the global automaker. jamie butters has been following her rise to the top. what we knowabout about her because this was really her first public appearance at the detroit auto show since getting the job. >> that is right. her barra has been with gm whole adult life, starting as a college intern and working her way through. she is an engineer by training. she was a vice president for vehicle manufacturing engineering, ran product development, and did some

u are "in the loop i am deirdre bolton, uniform betty liu. am mark -- past the hour, and lubricant is on the market. -- bloomberg is on the markets. the dow last year was up 26%. the s&p 500 up 29%. we are on the markets again in 30 minutes. we want to count down the top 10 trades. julie hyman is with me, as is matt miller. micron technology. the semi conductive equipment company falling after a downgrade to a sector perform from outperform. last year, the stock was up more than 250%. >> number nine is twitter. shares are continuing their upward climb. evercore partners raised its price target saying they are in a strong position to capture video advertising dollars. , asumber eight is vodafone they are in early talks to acquire an indian mobile company that would give them a stronger foretold in the emerging markets and create india's largest telecom companies -- company. >> number seven is sirius xm radio with evercore upgrading them on hopes of rapid growth. number six is walmart, as they are recalling dunking meet -- donkey meat. they say

our betty liu is out with a new book. asked some of the biggest leaders in business what they think got them to the top. all this week, we are hearing from them. toms shoes. blake mycoskie started his business with just $5,000. >> it tells our customers what is most important, giving as much as it is running our business. i tried to look for new opportunities to grow our business and meet new people, i never get complacent. i spent about 200 days a year on the road. which my wife does not love. it allows me to understand what is going on in the markets. i try to sleep about eight hours a night. on the weekends, 10 hours a night, i know that is not typical for a ceo. for me, if i am tired, i am worthless. the biggest mistake people make is they analyze things so much. i call it paralysis by analysis. you have got to keep taking risks and trying new things, that is the only way you can continue to be a market leader. one skill that every leader needs is to be a great listener. if you are not a good listener, you are never g

in the loopill join with betty liu. a conversation with my boss, michael bloomberg. those are the layers. -- layers. -- players. operating margins. this is the second time in nine months. they were weaker than expected in the equipment business. the margins are under pressure and remain around seven percent. the stock is down 13% now. that is up from 2415. that is where the stock traded. keep an eye on that. we have big corporate stories making news today. what is unilever and the other is sap. caroline hyde is following unilever and david tweed has the latest on sap. what is the take away? >> he is sounding upbeat. in sixe up the most months on the back of underlying growth and that is in the underlying markets. it is a tale of two worlds. andemerging markets are up the key driver is latin america and china for growth. the growth is easing and that was put forward to me by the chief executive of unilever. they say it will be more sustainable growth in the emerging markets and what will not have growth is the developing world. there is weakness there. fiveso saw, in

i know i cannot wait to watch betty liu sit down.rob marcus, of time warner cable, in just a few minutes, so you will definitely want to be around for that, and if you missed any of our interviews, you can catch them on apple television, including on demand video. ♪ >> welcome back to "market makers." i am stephanie ruhle. senator ted cruz had a message on immigration and not giving president obama a debt ceiling increase. he spoke with our chief in washington, peter cook. i cannot say there is anybody in the market who likes the sound of that. >> i think he is looking for a showdown, maybe not a shutdown. that is not in the cards, but it is clear that ted cruz has some very strong views. these issues are really in debate. of course, we have got the that ceiling fight coming up at the end of february. there has been a lot of talk. what are the republicans going to ask for in exchange for an increase in the that ceiling? it is not clear, but ted cruz made it clear he thinks the president is the one playing games here, scaremongering t

live live with betty liu. this is "bloomberg surveillance."ig banks will start reporting today. >> today kicks off bank earnings. we have two very different bank's reporting -- j.p. morgan and wells fargo. david morgan is relying on the mortgage business for its bottom morgan thatj.p. wells fargo is relying on the mortgage business for its bottom line and jpmorgan is a different bank. jpmorgan will have higher investment fees which will not make up for trading revenue and everyone is looking for details on regulatory settlements and legal costs and return on capital with perhaps higher dividends, maybe a cutback in a share buyback plan. >> what's interesting about the plans to pay out fees because of the regulatory actions is whether or not analysts will be asking questions about the ongoing cost of compliance. once you have paid the fines, what happens them? you can guess those costs can get pretty high. >> they have been getting high in that different banks have had to hire more people in the compliance and legal department. wells fargo had

our betty liu is out with a new book. asked some of the biggest leaders in business where they think god then to the top. all this week on the thing" -- tot they think got them the top. all this week, we are hearing from them. started hisie business with just $5,000. what tells our customers is most important, giving as much as it is running our business. look for new opportunities to grow our business and meet new people, i never get complacent. i spent about 200 days a year on the road. which my wife does not love. it allows me to understand what is going on in the markets. i try to sleep about eight hours a night. on the weekends, 10 hours a night, i know that is not typical for a ceo. tired, i am am worthless. the biggest mistake people make analyze things so much. i call it paralysis by analysis. you have got to keep taking risks and trying new things, that is the only way you can continue to be a market leader. one skill that every leader needs is to be a great listener. if you are not a good listener, you are never

betty liu is out with a new book on what ceo's say you need to know on what how to get ahead.ek, the biggest names in business answer different question each day. today, what surprised them most when they became ceo. >> how much wasted time there is being a public company. it is easier when you are private. >> how many constituents you have got. you have to adapt to different levels of sophistication and at the same time, present morgan stanley so each constituency understands our role in what we are doing to help our clients. >> every move is scrutinized. you have to be on all the time. >> another ceo transformed a hotdog cart into a global fast food chain. what surprised him about becoming a ceo? >> i think the biggest surprise is it started with a hotdog cart in madison square garden with no intention of being more than that. the fact that we opened our 41st restaurant in boston a few weeks ago, the scale we have been able to achieve, the way people associate with it has been a blessing and surprise. >> the biggest thing you have learned? >> stay true to what started this t

betty liu is out with a new book "work smarts." what ceos say you need to know to get ahead. this week, the biggest names in business answer a different question each day. today's question is what would you tell your 25-year-old self? >> what i would say is relax and do not be so driven. enjoy the journey more. find what you love and do that. >> take chances. every time i took a chance and moved on to the next step, whether it was moving geographically, moving from houston to japan, it turned out to be one of the best experiences in my personal and professional life. >> hang in there. keep doing the things that matter. it will pay off in the long run. >> lose some weight. relax a little bit. not too much. you are 25. take a chance. you go to school and you bury yourself in debt. there is nothing wrong with taking a chance and starting a business. >> grow a few more inches, a few more pounds, and try to make it in the nfl. >> take advantage of new opportunities and never look back. >> all this week we will have more from betty liu's interviews from global leaders on how to get

today bill gates joins michael bloomberg, majority owner of bloomberg lp for a conversation with betty liu. we are going to bring you the best of that interview which took place just after the and melinda released their annual letter, predicting no poor nations by the year 2035. >> i think it is dangerous people are focusing on the bad news and not seeing the progress we have made. it means the don't look at the best practices. they make them less generous. we are raising poor countries up. there is more to be done on health and agriculture. the track record of success, if you don't see that you are not going to participate in what we need to do. >> you say there will be no poor nations by the time we reach 2035? >> almost none. landlocked countries in africa, north korea, it will be less than 10. we are down to about a quarter of them. if we focus on them we can make it really exceptional. >> bill and melinda gates try to debunk three myths. one, poor countries are doomed to stay poor, two, foreign aid is a waste, and three, saving lives leads to overpopulation. he responded to myth numbe

>i am betty liu."on the markets." >> if you futures are any indication of market direction, could be a relatively ugly day for stocks, the first down day in 3 days for the s&p. you have hsbc coming out with criminal a manufacturing data for china for january. it dipped below the 50 level. that was the first contraction in about six months. short-term moving averages as many traders tend to look at. we will monitor the markets again in 30 minutes. i will return to the coverage of the world economic forum in davos. stephanie ruhle is now joined by john mccain. >> john was resetting some .oetry to me >> stuff i learned in prison, the tap code. one thing we had in prison was a lot of time. you will beavos speaking about the future of u.s. power. when i say syria, what do you think right now? disaster, and shameful chapter in american history and world history. you saw the news in the last couple of days. photographed having been tortured and starved to death by bashar al-assad and his henchmen? i've been

i am betty liu. ."ome to "street smart >> i am erik schatzker, counting down to the close of the market. a dow jones industrial average is making up about half of yesterday's losses. visa, caterpillar, nike, on the move higher. 10-year yield to get up. about $18 today. >> quite a decline for gold. we are just about one hour away giants,nings for tech amazon and google. >> the air is pregnant with expectations. >> a good way to put it. google sold the motorola mobility unit. here with us for the hour is atter isaacson, former ceo cnn, managing editor at "time" but he is also known for his biographies on steve jobs, and many others. he will tell us about the next book he is working on. we're also watching another piece of news we have talked about, time warner cable reporting results. that was not the big news, but the big news is who is after them. >> it is turning into an epic takeover battle. >> the ceo robert marcus was talking about how he was sending over this takeover bid from charter communication

betty liu has a new book, "work smarts." has asked some of the biggest leaders in business what got them to the top. all week, we have been hearing from them. today, bob nardelli, ceo of chrysler and prior to that he ran home depot. currently, he is a senior advisor at cerberus capital management. he shares his thoughts on lessons from his career. you have to learn different customs, some countries work on sundays. be thehat may not practice in the u.s., if you are serving that country, you have to be available. once you take on the responsibility as a ceo, the priority is doing the job. say they regret not making that decision sooner. i am not talking about a knee-jerk or cavalier reaction, by getting the facts and getting as informed as you can from as many constituents as possible. then making decisions. at chrysler, i would be told that is a big risk. my response was not taking risk is a bigger risk given situation. we have to listen, learn before we can leave. i only wish i had the wisdom and nowexperience that i have 2

betty liu will be joining us in the next hour.om media and all things digital. he started his career at at&t. he now sits on several boards, including target, western union. what a pleasure having you here. >> it is fun to be here. >> >> absolutely. you have all these things happening not just in the u.s., but everywhere in the world. toyou are the perfect guy have on hand. we want to go through our agenda item. just a half hour, mario draghi will be talking to reporters. the ecb president taking the podium. ,nd the european central bank no interest rate. also, the weekly jobs claims report. this

>> betty liu, later this morning. 225,000. you have a number? schatzker, on the cautious side. 200,000. >> 196,000. >> first look photo. >> less than a month away from the olympic games in sochi. 40,000 capacity, where the opening and closing ceremonies are going to be held. security, no surprise given the terrorist activity. >> countdown clock. >> nothing is complete without a countdown clock. omega in the kremlin. jeff corbin from kcsa. your image for vladimir putin? >> what of security and safety, i don't want to travel to sochi. >> he has got to go there. thousands of athletes about to travel thousands of miles to participate, we remember what happened years ago -- >> in munich. >> god for dead that should happen again, he needs to make us feel he has it under control. -- god forbid. >> he needs to be photographed shirtless. >> how cold was it this week? the polar vortex froze over ann arbor falls. -- niagara falls on the american side. >> not as good as the canadian side. schatzker, we grew up in the midst of niagara falls. >> you were on o

i'm deirdre bolton in for betty liu.ouse says congress needs to restore long-term jobless benefits to 1.3 million americans. unemployment checks cut off for that amount of people last week. the northeast is prepping for a storm that house already led airlines to cancel hundreds of flights. massachusetts could get up to 14 inches of snow and make -- eight inches may fall in new york. for the first-time marijuana is being sold for recreational use in the u.s. of stores intside colorado where the new law took effect yesterday. speaking of milestones, for the first time in 44 years, warren buffett is probably missing his self-imposed goal of increasing berkshire's network at a faster rate than the s&p 500. in oracle of omaha said march a continued rally in the s&p would cause berkshire to fall short. since then, the s&p 500 has gone up, closing up 29% last year. for more of what this means, our senior markets correspondent julie hyman is with me here -- with me now. sifting through the numbers. tracking all things buffett. j

this is "in the loop" with betty liu.ntdown begins right now. >> welcome that, you are "in the loop." equity futures higher, indicating the s&p is going to rebound following the worst week since june 2012 on friday. apple set to record its first profit gain in more than a year after shoppers shelled out for ipads and iphones during the holidays, apple reports after the close. details about what president barack obama will tackle in his state of the union address tuesday. thees include raising minimum wage and boosting spending on infrastructure. along withlands -- the u.s.'s military role in afghanistan. the markets, show the blame for stock selloff following on the fed and their plans to taper bond buying. investors worried the world is not ready for this. the last time stocks declined in january, we saw the beginning of the crisis in greece. what has changed here on tapering? >> what we are seeing, warren out,tt's tide going investors look for yield in emerging markets when interest rates were at zero and you could make

i am matt miller here with betty liu and pimm fox. we will be sticking with rbc's jonathan galub. coming in later, goldman sachs ceo lloyd bring frying -- lloyd blankfein. firm set aside less money this year. >> which automakers dominate the super bowl? why sarahplains mclachlan and something called a uaua will make his the best. say dislike hearing you that. equity futures are down today. joining the with moore's perspective -- with more perspective is jonathan g olub. now you are with the canadia

we've got "in the loop" anchor betty liu with us. >> coming up very shortly.an right in the middle in the bit between charter communications for time warner cable. the question is, what price will this deal get done? whiched out $160 a share, time warner put up. they said there is no how they will do a deal at this price but we want to know how the deal will get done. there is all the speculation that maybe time warner may do a pac-man and come back and say, you know what, we will acquire charter communications. >> this is a deal that is going to be done, just a matter of win. >> and do they have the money to do it? that brings in the whole john malone question. >> how much capital is he willing to put in. at"in the loop" starting 8:00 a.m. eastern. time to look at the earnings calendar. netflix shares are climbing in the premarket. the company reported profit and sales last quarter, but what investors are responding to, with the 17% jump in the premarket, projections of customer growth that topped analyst estimates. netflix also saying it could charge a new u

news on bloomberg television this morning and an exclusive andrview michael bloomberg bill gates, betty liu sat down with them. mr. gates out with his annual letter talking about his foundation and what he would like to see. there were some pretty big names -- themes discussed. one of which, poor countries are not doomed to stay poor. we can change that. >> he said it is overly pessimistic to believe the paradigm cannot be changed. that people can move forward and try to deal with this on a more humane level. he spoke about that today with york.rmer may your of new let's listen into some of what mr. gates had to say. >> the backs are on the side of the optimist. i think it is dangerous people are focusing on the bad news and not seeing the progress you have made. they do not look at best practices. most people are middle income countries right now. .here is more to be done the track record of success, if you do not see that, you will not participate in what we need to do. >> he said by 2035 we will have no more poor countries, which is incredible. it is not that far away. a lot can be done.

betty liu and tom keene. ♪ >> good afternoon, everyone.ng a letter het for a wrote to the wall street journal where he compared the treatment of the affluent, rich in america to the jews by the not cease. you have read the fabulous book " garden of the beast. here are the comments and they are emotional. he would callid attention to the parallels of fascist not see germany to the war on one percent. on theprogressive war american one percent, namely the rich. an exclusive interview with mr. perkins. were you surprised at the comments? >> shock. it was surprising he came right of and made a comment kleiner perkins that said we are not affiliated with him and did not reflect his views. and that he is coming on the show. he apparently thinks those were good words to choose. >> the whole venture capitalist community made sure to come out and distance themselves. >> this is like old school rich guy thinking. rich peoplese sympathize with occupy wall street. they recognize there is a problem with income inequality and a lot of them are doing thi

i am betty liu. latest on futures. >> if the futures are any indication, it will be a homer of a day. nothing is really happening. the dow jones is the biggest mover, up 0.1%. a lot of age of from earning economic data. we saw from december going up zero point three percent. in november it was slightly down. we are digesting numbers from ups and as well as intel. traders are taking it in stride. we are on the markets again in 30 minutes. >> thank you so much. these are the only trade you need to know about today. count on at the top 10. alix steel stays with us. let's start with number 10. it is the student lender commonly known as sallie mae. declined 22%, missing wall street estimates. government legislation changes in 2010. number nine, the pharmaceutical leukemias releasing treatments in the united states. loveign increased risk in clots of patients undergoing the treatment. >> number eight, intel. they are forecasting revenue will fall short of some estimates. demand for pcs continues to stump -

a big conversation coming up. >> bill gates with bloomberg under the auspices of under betty liu. moderating. it will be quite a chat. it will be phenomenal. his gates and where foundation is moving. it will be great. tune in. >> looking forward to that conversation coming up here on "bloomberg." we will see you tomorrow. ♪ >> ibm in talks to sell a server business to lenovo. search for growth in the cloud. the season of market predictors. some of the biggest names are predicting stocks will continue rising. we speak with one who is urging caution. personal battle, hiring someone to help you. the ceo of one weight-loss company helps stick to your new year's resolution. good morning, this is "bloomberg surveillance." this is tuesday, january 21, i'm scarlet fu. joining me as michael mckee and adam johnson. tom keene is in dallas for the world economic forum. davos for the world economic forum. >> in honor of tom being in davos, we will start with europe. sap, the big software company, shares are falling the most in six months. they're basically pushing other profitability target fo

with betty liu. ♪ bloomberg world headquarters, this is "in the loop." i am carol massar.ir first interview. >> the target class of emerging markets continues to roll out at home with north pacific at home dropping. >> plus chipotle is not only known for its loyalty to locally grown and organic nudes, but also its style of marketing. the fast casual burrito giant is out with its latest comedy series advertisement tactics about exploited cows. the chief operating officer >> thanktheir tactics. you, cristina. i am joined by trish reagan, who brings us a first on bloomberg interview. >> capital earnings crossed just moments ago. fourth quarter earnings being who estimates this morning, authorizing a new $10 billion buyback. we have the chairman and ceo, doug from p aurea, illinois. always good to see you. good news on the buyback, on the

. >> 30 minutes to the opening bell, this is "in the loop with betty liu yuriko account him begins rightwhat we're working on this morning. alan mulally is in the loop. he is live from the detroit auto show. he will tell us what is in store for the redesign of some of its most crucial models. we will also talk to the ceo of the marijuana vending machine maker. shares have shot skyhigh. a major acquisition in the liquor market. a $16 billion deal that will -- suntory burgers, wendy's released forecasts that were well ahead of analyst estimates. of alix steel joins us with more. what is going on? eat beer andld whiskey for breakfast at the same time you would not be working here. earnings on the high-end were coming and $.36 per share. it is also going to double more than the restaurant revamps. him analysts have been looking for 25% from some of their restaurants to remodel the business. also, sales are a big deal. when days had a really hard time staying relevant in this fast food war. beenic declines have happening for years despite any kind of recent strain. nevertheless, there are a l

tiki barber this morning with betty liu on "in the loop." with me,u is always braving the surveillance week. michael mckee is with us this week. >> the national security agency 08 -- already knows this, but apple increasingly relies on china for its sales growth. that effort, they hope, is getting a boost today. apple is beginning to sell the iphone in the nations largest mobilephone carrier. is interesting here because tim:, the ceo of apple, is in beijing today to kick off the ceo of apple, is in beijing today to kick off this thing. sixnegotiation deal began years ago. 763 million subscribers. for apple, that means a company now has access to more than 700 million potential new customers. we don't have any financial details on the partnership. but it will be sold in 3000 locations across the country, a boon.n to -- a big >> there are concerns about apple's image in china. "new york times" reporting that very few people showed up to see tim cook today. >>. orders are already at one million before today's launch date. some different analyst

." >> i am betty liu. good afternoon to you. verye watching the market closely.y, we are watching apple results coming out right after the bell today. a special guest

better luck -- betty liu sat down and asked him why he does not like it. >> the bottom line is theirsignificantly undervalues our company. significantly lower than the value we think we can create on our own. >> you say no way. you want to be sold at 160, the price you think is fair. with? >> whenive we said we would do a transaction at $160, and, to be clear, that does not stand on its own. currency matters. stock.r on the charter 20% up and down. way -- concerns with the appropriatet is protection. >> and you are not budging at all. >> we think we could create by running thee company on our own. if charter wants to transact 160 of the terms we laid out on the price. >> we had an exclusive interview with the ceo of liberty media. they are behind this bid. this is what greg said about time warner cable. >> the operating performance of the company losing thousands of describer's, does not marry -- judgmentfidence in our of their growth lance. our job is to make the case it is worth more. ironic they have spent as much energy as they have bashing our conduct -- company. at the same tim

bill gates is going to be joining in the loop for a special conversation with mike bloomberg and betty liuthis will be coming on a day that he releases his annual so great to be with you. >> welcome to "money moves" where we focus on alternative assets. we show you what investors and entrepreneurs are doing, as well as what is going on in hedge funds, private equity, real estate, and more. privacy and security, president obama is defending the role of intelligence gathering and national security. we will review his speech and show you which businesses are benefiting from surveillance programs. also the expanding world of alt asset management.

. -- betty liu. she asked some of the biggest players in business how they got ahead.ecutive for the biggest advertising company. >> the biggest difference is personal. if you give birth to an idea, and you start something from scratch, like we did 28 years ago, it is a personal thing. make a reputation for yourself in an industry you enjoy. -- people sayople you should switch from opportunity to opportunity. but my father said, you should stick with the industry you enjoy. then go off and do something on your own. don't just try to make money. it doesn't work that way. don't do something you are ill at ease with. to can supply that principle advertising or marketing or corporate strategy. deep as opposed to broad, i think that is important. consistency. >> go on. [laughter] said,ike the bit that stick with the same company. don't switch around. >> build a reputation. when you are ready, when you hit male menopause, then you can move. i am still waiting for male menopause. >> i'm not trying to get rid of you. but he did suggest that come the age of 40, you can start lo

. -- and for betty liu. ♪ . . >> good morning. it is friday, january 3.berg world headquarters. you are "in the loop." i am deirdre bolton, in for betty liu. chrysler sales are coming out at any moment. last year was the strongest in many years. sergio marchionne making a bid. flagship fund for pimco's bill gross was hurt by the fed. a severe storm is making life very icy and snowy on the east coast. in feet of snow have fallen some areas, causing travel issues for many. temperatures are in the single digits. december u.s. vehicle sales on chrysler were up 5.7%, falling short of estimates of the rise of 8.4%. matt miller has more on the numbers. >> i am looking through the

this is "in the loop with betty liu." the countdown begins now. >> welcome back, i am betty liu.res are mixed after the s&p slipped to its lowest level in more than one month. ae federal reserve starts two-day policy meeting under janet yellen. shares of apple took a hit last night as i reported weaker than estimated iphone sales during the holiday season and they projected revenue in the currentperiod may fall for the first time in more than a decade. in an exclusive bloomberg television interview, tom perkins apologized for his scathing comparison of wealthy americans to jews in nazi germany. he stood by his views that the rich are being demonized in this country. we will have much more from that exclusive interview later in the program. obama'sngton, resident state of the union address comes before a divided congress in a political election year. he is expected to tackle immigration reform and closing the nation's income inequality gap, raising the minimum wage. lonnie chenow is and phil mattingly. what are we likely to hear from the president on increasing the minimum wage? >

this is "in the loop with betty liu." the countdown begins right now. that, you are "in the loop."ck in session after two weeks off. a second year with a hefty to do list after pre-election battles. t-mobile buying spectrum from verizon wireless for $2.4 billion, giving t-mobile some low band frequencies and verizon a chance to ease congestion in cities like new york. the -- sword how -- past bitcoin soars past of the $1000 mark again after zynga says it will accept the currency for some games. the race to the super bowl is on. fans watching three of the games of our wild card weekend were almost left in the dark as teams scrambled to sell enough tickets blackouts in local markets. nearly fourl's decade old black at role. joining me now is ceo of lhb sports entertainment and media. nfl, nba, nflthe the. also, peter cook has the regulatory side. lee, whoy -- edmund has been following this all along. lee, this is a growing problem. threats of blackouts. some companies have to get in and by the stick its up -- buy masse.ickets up en tothere have only been blackouts, but there has been

we have betty liu, matt miller, good morning. >> here is what i am watching this morning. the ceo of facebook, the newest minted billionaire. shares of the social networking a record this at year, passed the $1 billion mark. she is now one of the youngest female billionaires in the world. >> good for her. blackberry, shares of the smart phone maker rising again this morning after committing to a cell on most of the canadian real estate. blackberry shares have been making a tiny, teensy-weensy, in eentsy-to come back -- weentsy come back. winter storm that -- that stranded thousands of commuters, traders have been caught up, natural gas prices are

gates addressed his role at microsoft last week when he sat down with bloomberg's betty liu. >> i full-timek will be the foundation for the rest of my life. my wife and i are enjoying that. i get to do it in depth, so i'm not going to change that. i will help out part-time. westt's bring in bloomberg correspondent, jon and cory johnson, bloomberg editor-at- large will stop he joins us via telephone here in new york. what is the potential that is the next chief executive of microsoft -- what does it mean for the company? >> i think it gives us an idea of the what the future direction of microsoft would be like. he's been running all the cloud initiatives. the q what has happened to microsoft over the course of the last 10 years. suddenly the whole world they are built around, these desktop computing things, microsoft office, their whole platform is upon the strength of windows and the pc and that is going away. mobile phonesh and tablets and competing on the cloud. he as one division of microsoft focused on bringing enterprise business on to a microsoft run cloud and that a vision for the fr

this morning, betty liu asked why he was so bullish.igher probability that the s&p will be up 20% as opposed to flat. have a fighting chance to grow at 3.5%. on a terry policy is still extremely loose. and politicians appear to have a lot less damage they can do. put together, it seemed the likelihood is the trend continues more explosively than people expect. -- most people expect single digits if we are lucky. to 15%hink five percent is more likely, but the point is, you could still have extreme upside this year. >> so maybe a surprise might be what? >> that the fed does not taper as fast as people think, or we get much better growth in the first or second quarter. the fiscal drag from the government is abating dramatically next year. all of that could push stocks higher. the cult of equity in the u.s. was destroyed in the crisis. you are finally starting to see people come back to equities, so technicals look supportive. on the markets again in 30 minutes. "money moves" is next. ♪ ♪ to "money moves" where we focus on alternative asse

betty liu is out with her new book "work smart." >> number one is you have to work hard.re is just no getting away from that. number two is you have to prepare like crazy. you have got to be organized and make lists and be super prepared. i am a huge believer in proper prior preparation prevents poor performance. this probably sounds counterintuitive to the first and maybe even the second. your family has to come first. whenever i give speeches on this topic, people say, how can your family come first if you have to work all the time? if you are hard -- highly organized, you can do it. put the kids school play on the calendar and the soccer schedule, whatever it turns out to be, and treat those sessions like it was a meeting. one of the things about dealmaking is reparation. going into the meeting with the board and the ceo, really knowing your stuff, is critical. what would i tell my 25-year-old self? grow a through more -- a few more inches and gain a few more pounds and try to make it to the nfl. >> what sets successful executives apart? >> they find balance and manage