betty liu was at the event.he asked if he was surprised to the reaction of his tweet. >> the fact that the dual motor has such a significant force, it really improves every element. from handling, even the handling is better than any other although drive. we were able to transfer the torque from front to rear. of thee the acceleration car. the dual monitor provides redundancy. >> seems like an unlikely thing to happen. maybe -- i don't know. maybe it is surprising. i never followed the stock that much. sometimes the stock moves for random reasons. if that ends up being a barometer, it is not a happy life. ago, you said you thought the stock was high. it then fell about 10%. do you still think the stock is a little high? on how people -- it simply is a long-term part of the stock, there a lot of appreciation that will occur in the long-term. in the short-term, it is difficult to predict the fluctuations. for as seem as though, company that had a few billion dollars of revenue last year, to have a 30 plus billion

in driver distraction situations, it could be a lifesaver. >> betty liu with tesla ceo elon musk. tty is joining us now. betty, there were great expectations for this unveiling, especially after he tweets unveiling the d. this is going to be some sort of updated version of the model s. i saw one headline that says d is for disappointing. is it? [laughter] >> i thought about that, too. there are people out there on the twittersphere who are saying this is less than they expected. i think internet disappointed itself. they got a lot right. there was so much speculation ahead of time. they got it right it would be an all-wheel-drive and some autonomous features. they got it right there would he a faster car did everything they expected came true. that may be why you are seeing some disappointment. it wasn't the blowout people were expecting. it had gone done almost 8%. as you recall, elon musk thought the stock price was too high. this might be another excuse for investors to sell into this news. >> cory, are you d for disappointed? >> i thought the car was really cool. i got an audi.

betty liu is getting ready for a big interview with elon musk today.there was an amazing statement comparing elon musk to thomas edison, walt disney, which speaks for itself. madelso, those guys businesses that made money before it made money. elon musk is losing money hand over fist. >> early days, many people thought thomas edison and walt disney were out of their minds. they ended up being iconic geniuses, cory johnson area >> yes. we shall see. >> cory johnson, our editor-at-large. thank you. we will be back with more. ♪ >> from bloomberg world headquarters in new york, i am mark crumpton and this is bottom ane, the intersection with mainstream perspective. after successfully getting ebay and paypal to split, carl icahn is renewing his focus on apple. in an open level -- letter to the apple ceo tim cook, apple is trading at half value and that the company should celebrate shared buybacks. mr. icahn, his son,

betty liu, back to you. >> thank you so much.ller on the floor of the withork stock exchange sergio marchionne and the chairman of the chrysler. welcome to the most important power of the session. major averages down a half a percent. the dow is off the least. will stock snap out of their funk and get back on track? time to buy the correction in small caps? we will hear from the chief equities that it is adam parker. -- strategist adam parker. ♪ 60 minutes left until the closing bell. to u.s. and turkey agreed help trains. rebels and allowed use of

i'm matt miller come in for betty liu.gan stanley bankers are poised for the biggest bonus bonds among wall street firms. of the five biggest banks, they saw the biggest revenue increased this year. bond traders at j.p. morgan chase and citi are not faring as well. pool -- lego bonus .s ending its 50 year contract they are protesting the oil giant's plan to drill in the arctic. calledeated this video "everything is not awesome." it attracted 6 million views. shane smith says his online news outlet plans to stay independent and will not seek to buyer in the near terms. here is what he says his next big thing in media is. >> the holy grail is mobile. it is where everybody's skill is coming from, but very difficult to monetize right now and very difficult for our heads to get around. >> that summit continues today and our own stephanie ruhle and emily chang will be broadcasting live from san francisco later on. go online to see that. it is 26 minutes past the art. bloomberg television is on the markets. futures are down right

i am betty liu. i cannot believe it is october. the dollar.ighs on we will bring you coverage with and later, michael holland, who just came back from china. are activist investors on a winning streak? we will dig deeper. really --empire state realty trust. -- one year after taking them public, how is life changed and how -- why he would not rent to a company like uber. doctors are headed to texas, looking for anyone who might have come into contact with -- with the first person diagnosed with ebola in the u.s.. pro-democracy protesters jeered leaders. the tests are -- the protests are in their 60 day demanding free elections. mary barraors ceo will lay out her strategy with investment -- investors and analysts. gm has been hampered by record recalls so far this year. industry, the auto chrysler numbers are out for the month of september. scarlet fu has more on the sales, up about 19%. >> up about 19%. an consensus was for increase of 16%, so this is a better than estimated increase for chrysler. previous to this announcement, anal

you are "in the loop here: i am matt miller in for betty liu. global markets are royal. europe, asia, all down. the morning after the dow plunged 280 points. a rough start to the quarter. draghi.ident mario there may be some purchases over there. online hotel stocks down 3% fierce --feels -- fears. the company's dismal profit warning on monday. first, a look at the top headlines this morning. european central bank keeping interest rates on hold. investors are waiting for ecb president mario draghi to reveal plans of an asset buying program. the former head of the presidential protection branch will run the ac on an interim basis. he replaced julia basin, who quit. and a warning from hong kong police. toleratethey will not any attempts from protesters to publicd or invade buildings. will escalatests unless the hong kong president steps down. does i look like he will. yesterday, it was our turn in the u.s.. the dow is down 230 eight points. the s&p index well over a full percent. an official bear market now. airline stocks dragged down transports. in the markets of the job

carlos slim with betty liu. let's turn to brazil.t appears the key to sustaining the country's stock rally is the candidate who lost on election day, silva. there are reports silva will be supporting the former senator who will be facing the president in the october 26 runoff. the blackrock senior portfolio more of a manager -- portfolio has the biggest holding that is brazil, and he joins me in studio. welcome to the show. thanks for your time. you and i were both watching the interview with carlos slim. what struck you about it? >> clearly, they had to do something. what was not spoken there is that other than mexico last week, everybody is talking about energy reform in the next run which will be the first round of auctions. clearly, mr. slim and his committees will have a play in that. dominantalready marketshare for telecom, but they will look to make money on the oil sector >> switching to brazil, you were discussing the election with bloomberg news last month to use that we are overweight because we are looking and continue to

betty liu will have that at the age: 30 announcement.hart that may be chart of the year. -- at the 8:30 announcement. labor's share of the corporate sector. alan krueger with us from princeton university. this is a profound chart. >> absolutely. it has been stable for decades. beginning in 2000, it started to decline. that's what people are not seen this recovery as much. >> why do we see this decline? american greed or something else? >> an aspect of that. partly that labor marketing power is a lot weaker than it used to be and it's related to the changing technology we are seeing. before technological change helped high skilled workers, it seems to be replacing all workers. >> this is about logical progress. -- technological progress. of thenature technological progress seems to have changed. if labor substituting as opposed to labor come plummeting. or capital investment raised wages for workers. >> we are shifting robots. >> that's one aspect of what's going on. >> this is so critical we review this again. compensation versus substit

anchor betty our liu that the expansion has not been easy. >> to do so means complying with chinese lawnd at times that means doing things that we are not comfortable with. and where we have had to compromise on some of our values. and we think that the value that can be created in china is worth doing business there. back in the u.s. linkedin is trying to push for as much transparency as possible when it is coming to nsa surveillance request. teslas big announcement is here. it is an all-wheel drive version of its model s sedan. safety features including driver assisting tools to prevent crashes. $120,000.ng price is test drive with elon musk himself. burnishs this going to the image of tesla motors as being eventually a car company that is for the masses when you're introducing a car that is going to be more expensive? >> this particular event is really about showcasing what electric cars are capable of. and showing that an electric car ,an be the high-performance car and the performance version of the dual motor has acceleration comparable to one of the best supercar ever. seconds --

elon musk talked about his baby with betty liu. >> you have two motors. you can optimize between them and actually have the motors operate in their more efficient regime more of the time. and the net result is that we're able to get 10 miles more highway range just by going to dual motors to where as in every other four-wheel drive system you lose range. here you gain it. >> it's asia's favorite guessing game. where in the world is their leader? he was at a no-show at ceremonies honoring his father and grandfather. he hasn't been seen in public for 37 days and earlier he was seen limping and late in the month the media made an admission that he had an unspecified disconfident and there's a report today that kim has a leg injury. >> if you were hoping to get a better sense of the markets, no luck. we're going to spend a lot of time on this global selloff that we've seen all week and the highest volatility we have had in months. let's bring in scarlet fu. she is here to help us break it own along with alessio a macrostrategist at oppenheimer funds. can you

. -- he spoke to our own betty liu. short-term, some fluctuation.company that had billion dollars in revenue last year to have a 30 plus market cap is on the high side. those are your top headlines. >> this is what matters right now and the headline is in the last 20 minutes. the markets are actually a little better. now -10.p futures are at 229.at 231 and now lower yields in the last hour. currently not in play. as you saw yesterday, the second derivative on once texas intermediate is stunning. crude, it shows the interconnectedness in the market. a moment on this. but first, scarlet fu on the new volatility. nice to see you. >> i was on an in-house assignment. >> you look rested. >> i am. with yesterday's selloff, a lot of people were be rolled her. many are scratching the -- were be wilderness. were bepeople wildered. >> i would also argue that the finance minister of germany was we're not going to put money into this. this has been the big backer of stimulus and now you take that away. >> and many say this is just touching up with the bond marke

"> let's talk about "snapshot with betty liu.t released its first ever ad for its messaging app. a lot of people are wondering if this will drive away all the young people who made snapshots. chat.who use snap >> does anyone at this table use snap chat? >> constantly. snap chat to economists. jobless claims, oh, my god. >> we are not going to get irritated by this, but apparently all of these young people will be irritated by snap chat finally saying they are going to have ads in their feed. they will try to make them feel better by saying that you do not have to watch these ads, it is your choice, but you cannot block them. you don't have to watch means you have to ignore your phone for the five seconds. >> i don't know if we have this screenshot of how it looks, that this is at the top of your feed, kind of like what you see with twitter and others. ad, you havepop on to click into it so that it is your choice to watch it or not. >> i love how we are all handling this with our thumb and forefinger's. we are loath to admit that

he takes betty liu for a ride.mmit, the discovery communications ceo tells us we need 200 channels. and why we need boots on the ground in syria. in sports, david eckstein.

this morning with betty liu "in the loop." is "bloombergthis surveillance."ity.come you to new york with me, olivia sterns and adam johnson. bolivia gets up a shovel and start sticking. >> rio tinto rejected a merger approach from glencore. the acquisition would have created the world's largest mining company. the deal bears a slight scent of desperation. the price of iron ore has collapsed this year. when core could be hoping to sweep in a by rio on the two. matt campbell joins us live from our london bureau with the latest. describe the strategic rationale. >> good morning. this is, for i didn't glaze and bird, the big deal. this is what he is rumored to be after for a long time. xstrata aafter buying few years ago, has basically every metal and commodity and scale except iron ore. rio is enormous producer of iron or if you buy when the price is low, potentially you get a lot of resource for not too much money. relatively speaking. >> the current state of play is there's no current talks. is that correct? >> that is correct. this initial offer was rejected,

betty liu is with us now.over what he does cummings eckley. -- what he does, exactly. ebolat exactly is this czar supposed to do? all of us woke up this morning in new york city buzzing about this new case that has been diagnosed in new york. it raises these fears. emergencyto several response officials over the last several weeks. they all have questions as to how much power run client has -- has.lain >> there was somebody with a lot of power who was the ebola czar for the entire bush administration. he was responsible for bioterror and pandemics. the obama administration reorganized the national security council and decided to not have that continued. having power on this when there is no crisis is more important than giving it to somebody in a crisis. >> that makes a lot of sense. someone who knows quite a bit about how to organize various balance, how to political aspects of a role like this is ken feinberg. he was there to administer the 9/11 fund and the financial crisis and the bp oil spill. he will be

>> i am it -- i am matt miller come in for betty liu on this wednesday. ebay and hp split we saw breakups over the last week. the latest company to explore the possibility of breaking up, it is maybe not so hard to do. former paypal ceo bill harris joins me to chat about the growing trend in tech. operator stocks down off of the growing ebola threat. it has affected hotels and cruise lines. ofill speak with the head universal health services, the ceo alan miller joins us. first, a look at our top headlines this morning. major indexes are down. european stocks are at the lowest level in eight weeks. thee is growing concern world economy is slowing down. we should get ready for more of the same in the u.s. -- >> a few days of triple digit declines and we will have more in the future. this is what the true normal market is like. there is a clichÉ for good reason. it is true people keep valuations. >> in syria, the turkish border, islamic states. has pushed further into the city. meanwhile, leon panetta says the u.s. needs to look at islamic as a real threat.

here is elon musk on shares from his interview with maybe let -- betty liu. >> i do not follow the stock that much. moves for random reasons, and if it was a mood barometer, it is not a happy ride. >> the newest version has two motors, one for each axles, and safety features that can accelerate him a change lanes, and stop the car without any driver input. the 691 horsepower regime does a 0-60 in 3.2 seconds. >> you can optimize between the two motors and have them operate in the more efficient receive more of the time. the net result is that we are a bill to get more highway range just by going to two motors. in every other system you lose range. >> the starting price for the $127,000.ersion is but before you check any of the other option boxes. blackstone says it is spinning off its investing banking into a separate company. they will merge into a new public entity. they are doing this to reduce conflicts of interest with its thousands management is of people poured into a main road in hong kong to show support for a pro-democracy road test, after your officials called off talks with s

he was on in the loop with betty liu. more on the housing market. house prices in 20 u.s.ities rose at a weaker pace. borrowing standards remain tight and wage gains failed to accelerate. i'm joined by stan humphries, chief economist with zillow. ."lcome back to "bottom line markette was the housing is not normal. is that your take? >> we are seeing real moderation off to the fast pace of games two years ago where that was fueled by in the hole, nation of low rates and a reset and prices and low inventory. that combined to create fast appreciation. we are transitioning to a more normal, slower pace. >> it is lower. has it turned the corner? >> the trajectory looks like we expect more slowing. if you think about home values appreciate at 3.5% per year -- they have been appreciating as much as 8-10% per year. we have wanted them to slow down. he welcomed of element. -- it's a welcomed development. we expect them over this year to grow it 3%. home values are still going to be up. sellers years of home calling the shots, are we seeing the scales start to balance for the buyers

he joins us today with betty liu. >> if you lending money to bill gross? to bill gross? >> i don't think bill gross actually need any money. another does mohammed. -- and neither does mohammed. this is getting so hot that wall street veterans are getting into this game. that is how you -- >> that is how you know it has peaked. >> at would be your benchmark. -- that would be your benchmark. there are peer-to-peer lender's joining this orchid platform. mohamed el-erian is a board member and a leader for this company called pay off. they are essentially the same thing. they gather together funds and they lend to others who need help at lower interest rates. they are trying to get people out of debt around the country. >> is it the same thing? >> it is essentially the same thing, but lending club started off by you and me, moms around the country, just the average person who wanted to get into this game. i've got a little extra money and i will pool it with other people and we will take that money and lend it to others. now you have institutional investors get

"in the loop with betty liu," is up next ♪ >> good morning.re: i am matt miller in for betty liu. global markets are royal. europe, asia, all down. the morning after the dow plunged 280 points. a rough start to the quarter. draghi.ident mario there may be some purchases over there. online hotel stocks down 3% fierce --feels -- fears. the company's dismal profit warng

betty liu has the story.capitalists are down and venture capitalists think bankers are dumb. there is a company that is basically a forum, a reddit where people can upvote and downvote apps. >> it is crowdsourcing. >> what is key is that teenagers love this site. they have been uploading and downloading apps. it has gotten the attention of big vc's. they say this could be the big idea i could invest in. they want to invest in the website. some of these apps are ridiculous. an app where you can have a human being give you a leica call every morning. -- give you a wake up call every morning. another, you send messages only to a person named ethan. thousandsownloaded of times. >> are there that many ethans? >> there's one ethan. the big problem we are seeing in the venture capital well, there is too much money and trying to find a place to park it. companies buying apps for billions of dollars. a great app doesn't mean it is a great company. ceo ofare joining the the company. >> he's getting money thrown at him

betty liu is joining us now. you take over bloomberg television and about 12 minutes.e. on monday is when apple pay will launch. all the tanks or many of the banks have scrambled to be part of this system. they see the millions of accounts that apple has and they to realize that consumers will using their phone to pay. ceo will be coming on the program. it is a regional lender but what will count are the retailers. big onesome of the like mcdonald's, starbucks and others, radioshack. the pentagon has to sign on. is this the way it will be at the pentagon and every other government institution? >> i hope so. we have chained ourselves to one generation or two generations back in technology and part of it is the pentagon is such a buyer and make huge investments and they don't want to shift. i think biometrics in particular are the coming thing and i think the pentagon along with the rest of the government needs to move up. >> because it's much more secure, it seems. you would hope it is. walmart is one big retailer that has not signed on yet. >> that would only happen to

iel willll be -- nour be on with betty liu of the later. and betty joins us right now.uring the financial crisis, the mortgage crisis. he's got a few opinions that i will outline for you. this is what you will likely hear from him when he comes on. he says, yes, there are questions about the credibility of when the fed goes ahead and raises interest rates. doubt, quantitative easing will end. that seems to be the consensus all around. but the fed will take a while before they really say "mission accomplished." he also said the longer it takes qe endingo even -- and rising interest rates, there will be a bigger risk, the longer it takes, bigger risk in fueling an asset bubble and three inflation. >> that would be the big unknown. >> yes, and the other things he mentions are the downside risks are globally in the eurozone. but the biggest upside risks are also in the eurozone. whether they get their policy correct. attentionlly got my with the phrase upside risk in the eurozone. >> upside risks surprise is what i mean. is it a risk? no, it's not a risk. >> is there a chan

i am betty liu. you are in the loop.le corporation will talk politics and ports, don peebles. and tesla motors, will be electric carmaker be able to automakerin the capital of the world? discuss buffetl processes strategy. what about his miss step? newsing of, the breaking at mcdonald's. more on the breakdown. sales numbers. mcdonald's.ok at scooting all eps items, coming in at her dollar 51 per share. the estimate from those 21 analyst suite server -- we

it is tuesday, october 28, you are "in the loop," and i am betty liu.up for you. a view from the top, a ceo powerhouse lineup on the current state of the american consumer. we will get housing ahead of those 9:00 a.m. eastern case schiller numbers, ara hovnanian. and then how is the autonation faring? me,michael jackson joins and we will be rounding out the show with the hotel and services industry, airbnb disrupting hotels, as usual among and choice hotels ceo steve joyce might have some choice words on airbnb. he will be joining us and i like a.m., but first, here they look at our top story this morning, president obama has a czar, butr, an ebola right now the response is anything but coordinator. the governor of new york and new jersey have their own policy on dealing with ebola. they have mandatory quarantines in place. the federal housing

thank you, betty liu. >> "in the loop" comes out at 8:00 a.m. >> oil breaking down as well. >> just toes from earlier, germany's economy minister reducing his growth forecasts for the economy. 1.2 percent for this year, 1.3% for next year. ♪ >> good morning, everyone, "bloomberg surveillance." rbc capital markets chief commodities strategist helima croft tomorrow on television and radio on "bloomberg surveillance ." we are thrilled to bring you dr. croft, particularly with her work on geopolitics, her tenure at the cia. we have important breaking news on a blue-chip stock. >> j&j has reported that adjustment earnings for last quarter topped the average analysts' estimate and boosted its four-year earnings per share. >> not bad. that has turned around. >> is a curious when we have all of its headlines coming out of europe that bond yields are going negative on the two-year maturities and here earnings reasonably -- >> and future still up five. >> which is a little bit inexplicable, too. >> so are the kansas city royals. >> you wonder how long the u.s. can stay detached from the rest of

earlier, mohamed el-erian told betty liu it has become clear who is getting the benefits. income gains in recent years have all gone to the rich. the gains in wealth have all gone to the rich. >> that is indisputable. >> that is indisputable. it is not just in the u.s.. it is in many countries. while income inequality between countries have gone down, income inequality within countries have gone up. >> he said congress can't run it in what he called low gear. caterpillar shares climb to the most in eight months after topping prompt -- topping profit estimates for the third quarter. caterpillar said 2015 sales will be flat to slightly up. it sees potential for higher investment in infrastructure in the u.s., india, and turkey. general motors said third-quarter profits be estimates as expenses declined and customers bought the cups and sport utility vehicles. gm's recall expenses are substantially behind us. >> since we started this recall and moved through it, the sales results would indicate that our new products continue to resonate with customers. we continue through our

he told betty liu he is not

betty liu will be there speaking with elon musk. what do you think is going to be unveiled today? interesting because there have been -- there has been so much speculation on the internet. there is all the speculation that it could be an all wheel drive, dual motor version of the model s, but i have heard everything from driverless car to maybe even a convertible model s. you heard yesterday where you guys are at the "vanity fair" new establishment summit, elon musk said the internet has it right at least on one point, so somebody out there who has guessed something has guessed it right. we will hear that later today. it has been interesting the kind of buzz he has been generating. who has gotten this exciting -- this excited about a version of a car in this long? retweetedhas been over 14,000 times. the stock has gone up almost 9%. elon musk has already earned $3 billion and has not unveiled anything yet. >> what is the risk associated with doing that? i take that back to a big name in finance -- phil ackman told us he would be unveiling the most epic day ever, that it was going

early this morning, nouriel roubini told betty liu that the fed is likely to move later on interest ratesnot sooner. >> the worst thing the fed could do is to stop quantitative easing. it will lose its credibility. we would have a hard landing. maybe the decision in june come in july or september. >> he also said the global economy is not fragile territory. erik go to the main stage, schatzker is in midtown manhattan at bank of america's u.s. headquarters sitting with the new chairman and ceo of bank of america, brian moynihan. >> thank you. i am delighted to be here with ryan moynahan. congratulations, you just became chairman of the spanking were already the ceo of course. we have a lot to cover in this conversations or hope you don't mind if i begin with the present. it has been awfully challenging month, i don't need to tell you. what do you expect in the months to come? >> if you think about financial markets, they will reflect the economy. what we see in the economy this month when you see statistics, it's a strong as it was last month or stronger and stronger than it was a couple o

a bloomberg exclusive -- betty liu reports that try and fund management, the activist fund manager thatcoming for a breakup of dupont, increased its stake in the chemical company to 2.7%, according to a person duly with the situation. the company exercised a combination of put and call options. no comment yet from either. a nurse in isolation in maine after treating ebola patients in west africa since she is prepared to go to court if the state tries to quarantine or. casey hickox says that if the restrictions are lifted by tomorrow she will go to court to fight for freedom. isne governor paul lepage monitoring the home where the nurses under a voluntary quarantine. the investigation into the explosion that destroyed a commercial supply ship homes after liftoff is underway. crews are searching the ground pieces of the orbital sciences rocket. officials are warning people in virginia not to touch any debris they might have crossed from the craft. we spoke with the former nasa deputy director and general manager of the airline has association. -- airline close association. >> the fact tha

i am betty liu. we are on the markets. this is the final moments before the opening bell. off one of the best days so far in the last few sessions. report came in a little bit mixed. the jobless rate fell to a six year low. we are on the markets in 30 minutes. 10's count down to the top stories you need to know. julie hyman and scarlet fu or join me. number 10, hilton is selling the 1.9 billionria for dollars. they plan to use the money from the sale to buy additional hotel assets in the united states. they will manage the hotel under a 100 year contract. colgate palmolive has been downsized. says it expects the revenue growth to be only slightly better. eight, the bio pharmaceutical is working on a treatment for ebola. the fda.in talks with this is julie's favorite restaurant. number seven is a buffalo wild wings. upside.any has limited target. the rice >> wings are all about alix steel. that is where she will be. we need to get her back. >> number six, care fusion. they will buy the technology company in cash and stock. the deal is expected to close the first half of nex

he spoke with betty liu about the news.t can accelerate to 60 miles per hour in 3.2 seconds. >> it enables an increase. we are able to balance the efficiency of the motors a lot more. butou just have one motor, if you have two motors you can optimize and stream them, and have the most -- the more efficient regime more of the time. the net result is we are able to get 10 miles more range just by having two moteors. >> despite five years of consistent growth they are now battling some sharp setbacks. happening?s decline.eks of it is weak. talk about the swings and fortune. -- in fortune. so muchhat is driving of this worldwide, remember is happening at the front end of the earnings season. we have got quarterly earnings that peak over the next two or three weeks. how earnings season goes will really describe and determine how they behave for the rest of the year. >> i think i'm right in saying we are expecting a growth of 4%-5%. would that be in line with your projection? >> if i were to choose which way to go i would take th

i am betty liu. -- saudiroad via arabia produced more oil last month but exported less.lobal supplies are rising as the u.s. funds the most in almost three decades. crude fell into a bear market this month as oil producers cut prices on speculation they're competing for market share in asia. network by almost half of bbc america. the network behind "the walking men" paid $200 million. and toyota is selling part of its stake in tesla. the world's biggest automaker invested $50 million in elon its mayompany ahead of 2010 ipl, making it one of tesla house -- tesla's biggest shareholders. announced that it has sold his shares in tesla median preparation of more coming up from the company. bloomberg television is "on the markets." equity futures a little speech by this newly diagnosed case of ebola in new york city. taking down stocks just a bit. we are "on the markets" again in 30 minutes. automobiles, general motors jumped 12% in the third quarter. yesterday the cfo assured investors that the recall had little impact on business. >> the sales results would indicate that our

. >> carlos slim talk with in the loop inker betty liu about his new global campaign to hire workersbilities. the mexican billionaire also document giving into mexico's government which wants him to do invest billions of dollars in telecom assets. little bitto talk a of business. you have been the leader in the telecom market in mexico. -- mexican president >> 28 countries. important. we have an operation, and now we involved in europe. aboutwere talking splitting up companies in the u.s., hp and ebay splitting up. and i know in mexico there are reforms. and you are in participating splitting up america movil. has actually helped her start -- helped your stock price. shareholders are applauding this breakup. the value that has been lost in the past. >> do you support the reforms that have been taking place? ago, the cost of tuition was changed. what you needed business is clear roles, and the role that was put in place is that the market share should only be 50%. that is ok. what you need is rules and the state of law. lawregulations that mandate , and you should do that. in complyin

i am betty liu. a packed show for you today.nts yesterday before partially recovering. treasury yields plunging below 2%. here are all of the markets with our all-star lineup. siegel, mohamed el-erian and roger altman. he will be with us at the opening bell. plus who wants to go public with all this market turmoil. we will be speaking with the lead underwriter who brought alibaba to the market. here is a look at our top story. looks like we are in for another rough ride in the market. futures indicate the stocks will be lower at the open. the index now at its lowest level since

betty liu will be tackling this in 15 minutes. >> a lot of zeros. a team, you knew you were going to lose money. it was like a vanity plate. now, you are making tons of money. given these deals that are being inked. adam sulzer is expected to announce later this morning that the television rights deal with espn and with turner. billion over the next 10 years. almost $10 billion coming in. this is a big win for espn and turner. they get to keep those rights. >> i remember when espn signed the monday night football deal, 13 games for one point $1 billion. people thought that was crazy. >> the nfl sunday ticket, $1.5 8llion over the next years for directv. $56 billion that the nfl rakes in. former will pay $2 billion the clippers. lebron james signing short term deals. >> you look at the success of the yes network. you have to wonder if the nba and nfl wish they had replicated their own media outlet. >> you have something. of theave the founder yes now are the yankees baseball network. >> i'm trying to wrap my head around football. the nba season is st

i'm betty liu. here is a look at top headlines.urse in spain is the first case of ebola outside africa. contact ---old woman contracted the disease after treating a priest who died last month. suspicious cases are being monitored. time warner's turner broadcasting division is cutting 10% of its workforce. the job cuts are part of becoming a path water initiative to improve its performance. that was the drama earlier this summer. for possible tax trouble amazon. the european union opening an investigation into the company's tax practices in luxembourg. dealrobe focuses on a 2003 with the government and alleges most amazon profits made in the eu are recorded in luxembourg but are not taxed in luxembourg. interesting news on that front with amazon. it is 26 minutes past the hour, which means bloomberg television is "on the markets." investors are jittery on this tuesday, concerns about what is going on in the u.s. with the economy, but also the continued fighting in the middle east, and in particular in syria. we will stay on any news

betty liu will tackle that question today. how is eddy lampert doing?u for that reminder, by the way. i don't even want to think about holiday shopping. we want to explore this interesting thing going on with so many older retailers out there that we have seen struggle. i'm not talking about radioshack, but sears and target , which is in the midst of a turnaround, and several others. are they going to turn into basically landlord? the only thing of value at some of the stores is the land they are sitting on. sears is a perfect example. they came out the other day and the shares had gained over 25% partly on the fact that they -- giving afering rights offering to the shareholders, the largest shareholder being eddie lampert. and a releasing their stores to primark. it remains to be seen whether these big retailers can survive in this age. about innovation in old-school retail. >> you see the disruption of amazon in particular. i buy things on amazon and have them delivered. i have a problem seeing where the brick-and-mortar stores, they are all trying to

good morning, i'm betty liu.ent shakeup at credit suisse, the ceo promoting two people to co--lead the investment bank. rolls-royce issues a report of cells falling by four percent this year and the company blamed the global economic slowdown and russian trade sanctions which has caused customers to delay or cancel their orders. delta is offering a basic economy fare to compete with bargain carriers like spirit airlines. cheaper tickets come with fewer frills than a standard coach seat. no same-day flight changes or seat upgrades and you will be the last ones aboard the airplane. ok with beingt treated like that on airlines now! it is 26 and was pass the hours of bloomberg television is "on the markets." equity futures are a little brighter today. s&p futures are up about 1.25%. more economic numbers will be out in a few minutes. housing starts for the month of september will be out and we will break those numbers for you as soon as they crossed. economic numbers are more important now given what we have seen in

. ♪ >> i am it -- i am matt miller come in for betty liu on this wednesday.w breakups over the last week. the latest company to explore the possibility of breaking up, it is maybe not so hard to do. former paypal ceo bill harris joins me to chat about the growing trend in tech. operator stocks down off of the growing ebola threat. it has affected hotels and cruise lines. ofill speak with the head universal health services, the ceo alan miller joins us. first, a look at our top headlines this morning. major indexes are down. european stocks are at the lowest level in eight weeks. thee is growing concern world economy is slowing down.

i am betty liu. i cannot believe it is october.will bring you coverage with and later, michael holland, who just came back from china. are activist investors on a winning streak? we will dig deeper. really --empire state realty trust. -- one year after taking them public, how is life changed and how -- why he would not rent to a company like uber.

i am betty liu.obile raising its subscriber forecast after adding more customers than estimated in the third quarter. the nation's fourth-largest wireless carrier challenging rivals with cheaper plans, but the discounts are coming at a cost of dot t-mobile reported a loss of $.12 in the quarter, widening from five cents a year ago. china planning a merger of its two largest train makers in hopes of winning more contracts abroad. this is according to government officials involved in the transaction. china competing aggressively for overseas rail projects. for a awarded china's cnr deal to supply trains for a subway system in a first deal of its kind for a chinese company in the united states. apple's ceo tim cook said more than one million credit cards were activated on the apple pay service within 72 hours of its debut last week making it the largest mobile payment offering despite the potential growth of the service. cook said iphone sales will still make up most of apple's profits for the next thre

i'm betty liu. here's a look at our bloomberg top headlines.posting a narrower than estimated second quarter loss. demand for its playstation 4 game console and image sensors limited the impact of a writedown at its smartphone business. sony main tapes its forecast for full-year net loss of $2 billion. anheuser-busch's third quarter profit came up short. they said weakness in the u.s., russia, and ukraine weighed on sales. budweiser maker said this is a one-off performance and "is not reflected of expected future trends for business." yes, we are still going to drink our beer. we're still going to drink our coffee. starbucks' fourth quarter revenue grows 10% from a year ago, but fell short of wall street estimates. the world's biggest coffee chain has been introducing new food and drinks to draw customers in later in the day as it struggles to compete for the breakfast crowd. the company announcing it would add delivery in select markets in the second half of 2015. now you can get even more lazy and just sit on your butts and just get the coffe

i'm betty liu. we are just a few minutes away from the opening bell.ber one story. european stocks extending their after into the six day signs of slowing growth around the world. we saw germany cutting its economic outlook, and they may possibly again be in recession. >> germany has been so clear for so long, and they refused to do it. the private sector needs to invest and they are scared to invest in german -- in germany, in part because the public sector needs to build roads. there is money that needs to be aret in germany that they not spending. bottom know what needs to happen for them to do it. next -- >> maybe a bank failure. the fact is, a germany -- the german economy was already shrinking by 2/10 of 1% by last quarter. we knew the russians sanctions were coming and they would hurt the industrial heartland in germany. none of this is new. >> none of it is new, but obviously the wildcard -- or not so wildcard is what the ecb does. will they announce a sort of fed-style quantitative easing, and is that's going to help? hit the opening bell. sto

good morning, i'm betty liu. the chipuisition in industry, qualcomm has agreed to csr..k.p maker, the deal will help qualcomm expand in the technology for connected appliances. citigroup co. resident is planning his departure. he is close to retiring according to a person familiar with the matter in the news comes as the citigroup mexican branch fights fraud allegations. the citigroup ceo called the fraud accusations appalling. nike's converse is suing walmart and h&m accusing them and other retailers of selling knockoffs. we all one of those when we were teenagers. to 1917.ers date back it still current 10 cool. it's 26 points past the hour which means we are "on the markets." -- investors have a nervous about the market and whether this is a real correction. is it the beginning of a bear market or a pause onto a further bull run? s&p futures are off over half a percent ahead of the opening bell. we are "on the markets" in 30 minutes. walmart will host wall street analysts at an investor day where walmarts u.s. ceo as well as the ceo doug macmillan are expected to answer

. ♪ >> this is "in the loop," and i'm betty liu. you, starting off with a focus on how social media sites are fighting to keep their users engaged and buying. kevin ryan joining me. he's the founder and chairman of a billion dollar flash sale site, gilt. he's going to weigh in on that. he is my guest host this hour. we're going to look at how digital and cable television ads are joining forces to give you out to vote. according to our guest, digital ad spending has jumped 1,800% in this campaign cycle. we'll have him in a few moments. but first, here's a look at our top stories this morning. a sneak attack overnight in markets. japan expanding its monetary policy and gave a worldwide boost to markets. the bank of japan unexpectedly increased the amount of money it's pumping into the system. that sent stocks surging in japan and in europe. the nikkei 225 hit its highest level in seven years. here in the u.s., futures are surging as well. the dow industrials already have erased r

betty liu joins us for more. two years ago, that's what the obama campaign did.for lighting a fire at the gop. the republicans felt they were nowhere in social media or in digital after the obama campaign wiped the floor with them on their strategy. the republican national committee decided they were going to gather as much information and as much data as possible and house it under one roof and that was going to help campaigns around the country. that was the desire but the reality is a lot different as it usually is. let's start with skepticism i'll in-- about republicans general in silicon valley. they see silicon valley in the democratic rocket. -- democratic pocket. there was skepticism on the cheap digital officer was hired. he said to hire directors from the silicon valley and they said we will stay with our political consultants and stay with them. it has been a struggle over the last two years. we will check who is the chief digital officer at the rnc. >> i talked to him in 2004 and at the time, they were way ahead of the democrats and he was running the