the views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the followingdvertisement. >> welcome to our show, living without back pain. do you suffer with back pain? hip pain, or shooting pain that runs down your leg? stay tuned and discover how others just like you have found the new way to relieve their back pain. >> i put the belt on and i have had it on for a minute and already there is a reduction in pain that i had in that spot in my back. it is weird.

. >> michael bloomberg is the founder and majority owner of bloomberg lp, the parent company of bloomberg. the gucci museum, you combined the foundation with the museum. why that such an usual situation? , youd a public foundation are able to do a lot more than in a private foundation. you have to respond to many more laws, you have to have certain percentages of money that you raise versus money coming from the income from an endowment or cash reserve fund, and actually after the museum opened, sandburgin 2004, mr. approached us and wanted to give us 20 $5,000. she could give us the money as a private foundation, but you cannot get a tax deduction for it. robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was

he is the founder and majority majority holder of bloomberg lp. what happens next?> the significance is the fact that nine republicans voted with senate democrats to clear this. this was a bipartisan budget deal, about 63 billion dollars in relief for the sequester cuts. 62 billion in release. come to able to bipartisan consensus. house republicans pass with a large majority last week. this matters. anyway you look at it, anytime you can get bipartisanship in in a very partisan town right now, this is considered a positive thing and it takes the budget issue off the table for the next two years. a big problem recently. positive news from capitol hill. a small deal but a deal nonetheless. >> is it good to take it off the table for two years? steps thatit is good they passed this bill or the exact reasons that we just heard because we have not been able to do anything and the fact is that any bipartisan agreement, and this is more than what was expected either in the house are senate shows that they are starting to work together. .hat takes the uncertainty positive in

. >> mayor michael bloomberg is the founder and majority owner of bloomberg lp, the parent company of bloomberg media. on to the idea of selling e- cigarettes, will they be regulated on a state-by-state basis? >> states are asserting to regulate them and get their hands around them. we want the regulation. as i stated before, i believe the biggest issues for electronic they being -- electronic vaping are the bigger items where consumers are filling the products with their own liquid nicotine's and ingredients and those types of items. we are looking for heavy regulation in that area. >> i want to thank you very much. jason cardiff, founder and cigirex from los angeles. have you ever gotten your child a gift and found that they were more interested in the actual packaging? i will tell you about a new charitable initiative that is based on that very concept. >> america's single-family homes represent the largest physical asset class in the world. are nowequity firms investors and hope to capitalize on historically low home prices in order to build america's first centralized rental hous

he is the founder and majority owner and majority holder of bloomberg lp. what happens next?> the significance is the fact that nine republicans voted with senate democrats to clear this. this was a bipartisan budget deal, about 63 billion dollars in relief for the sequester cuts. they are able to come to a bipartisan consensus. house republicans pass with a large majority last week. this matters. anyway you look at it, anytime you can get bipartisanship in in a very partisan town right now, this is considered a positive thing and it takes the budget issue off the table for the next two years. this has been a big problem recently. positive news from capitol hill. a small deal but a deal nonetheless. >> is it good to take it off the table for two years? >> i think it is good steps that they passed this bill orhe exact reasons that we just heard because we have not been able to do anything and the fact is that any bipartisan agreement, and this is more than what was expected either in the house are senate shows that they are starting to work together. that takes the uncertainty

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the opinions and views expressed do not reflect those of bloomberg lp, its affiliates or its employeesf john

bloomberg who is successfully and profitably mining, he is on the code side of the business here at bloomberg lp, that he brought in his rig today. i will set it up, betty, "in the loop." 9:00.l be mining at >> of this is exciting. just as exciting as our eggnog. p from theht a solo cu bitcoin christmas party. i can't tell you what is in it. >> thank you so much. matt miller. moving and shaking, tracy -- the isirman of benjamin moore firing workers, freezing the pension plan and outsourcing the -- technology department to a company in india, according to "the new york post." the job cuts are coming after years of neglecting benjamin moore's -- the washington post" she had to do something to compete with sherman williams. >> imagine. getting a nicotine fix in new york city got harder. the council voted to ban the use of these cigarettes in public places and could be followed by other big cities. the potential impact. this is an interesting story. a great column in "the new york times" was talking about the health impact of these things. cigarette people aps and now new york did he, too. >> the ci

. >> michael bloomberg is the mayor of new york and the owner of bloomberg lp.g about rounds when you saw amazon ofcussing the possibility moving packages with drones? bezos talked jeff ups' it, here is what chief officer said. were out there in the vacant lot next to it, using a drug to demonstrate package delivery. it is not that we are looking at it for a practical aspect, it was an exercise to stretch the envelope, to think out of the box. we do not see it in the near term at all. >> in the longer term? >> hard to say what will happen in the longer term. idea, that method of delivery, the method of interaction with our customers, we see that clearly. >> drones may not be in the cards, but ups, we think about them as a package company and they deliver about 60 million packages every day. they spend a lot on technology as well. they are always looking for new systems. have a look at drones, yes. not necessarily anytime in the near future. us from massar joining world port. that is the ups hub in louisville. she will be reporting from louisville all day long. i