overlook coming up we'll break down this year's most under-reported news and goodbye mayor bloomberg new york's nanny state mayor will soon be out of office but he will not leave without a bang or should i say ban these cigarettes to sugary big gulps we'll take a look at the band that will define.

king of big bans bloomberg initiated bans on everything from east cigarettes to big gulp so to us for a look back on more of those blacklisted goods here's artie's perry and boring new york city mayor michael bloomberg is shutting his office door in city hall for the last time today to some the mayor's legacy will be remembered as an advocate for public help others say he has launched an attack on civil liberties i'll take a look back at some of the mayor's blacklisting highlights. in two thousand to causing massive public uproar mayor bloomberg told everyone to put their butts out for good and restaurants and bars during his third term that ban extended to most outdoor areas and building entrances this year new york also became the first major city to forbid the sale of tobacco to anyone under twenty one continuing with this trend of the freedom to smoke electronic cigarettes have gone up in flames to the mayor amended the smoke free air act on monday stating that anywhere traditional cigarette smoking is banned you say rights are as well and as last few days in office bloomberg also placed the flammable plastic pollo stiring on the public health blacklist is now illega

. >> betty liu, bloomberg, new york. , we haveng of a unique the today's mystery meat -- stork.s protected as endangered species so companies are sending them up the towers to trendy nest away from the electric lines without disturbing the storks themselves. that's a big nest. be careful. storks, flyaway. just fly away. ♪ >> it is approaching 56 past the hour between the bloombergtv is "on the markets." armon julie hyman up. first up, burlington stores. third-quarter loss did widen but came into better than analyst estimates. shares following the most since iny went public back october. autozone, the nation's largest automobile parts retailer, topping estimates. performance boosted by the addition of new stores in the u.s. and mexico. let's get you caught up on the broader markets. after a record close for the s&p 500, stocks pulling back to some degree as they weigh a fed tapering and budget talks in washington. down a little more than three and the other two markets falling in similar fashion. let's look at the treasury market. little change as well. yields falling in little a

new budget deal. persuade skeptical republicans? we will have that story next. ♪ >> live from bloomberg headquarters in new york, this is "market makersrik schatzker and stephanie ruhle. >> now comes the hard part. congressional leaders have to sell their budget deal to both sides of the aisle. republicans say it doesn't cut spending enough and democrats say it does not close corporate tax loopholes. our guest is with us from d.c. this morning. let's start with this. what chance do give this bill a passing in the house where it appears to be anything but a certainty? >> a pretty good chance. it is not a slamdunk. 55, 60%. most of the democrats will support it i think. >> why do they support it? if we go back to the language that was being used during the government shutdown, this is a big change of heart, or it would appear to be. not all that much is getting done. >> there's a lot of fatigue in this town. nui, whatever word you want to use. people are tiring of the brinksmanship and bickering. they do not want to go there again. they have obamacare which is a much better narrative for them to use politically. i think the republicans

so what did bloomberg and the "new york times" do? no one came to either of us, i believe. i can't speak to bloomberg but i can speak to the "new york times." no one came to us and said "wen jiabao's mother is worth $100 million." that prime minister wen jiabao's mother is worth $100 million and his kids, aunts, and uncles are worth $2.7. no one slipped an envelope under the door of our shanghai bureau. we hired lawyers and accountants and we just looked it up now imagine how scary that was to the chinese leadership now they think it's conspiracy. maybe somebody tipped off somebody in the beginning but the whole project was done with lawyers and accountants and public records. so in that kind of world, that kind of transparent world they're going to have to govern in a different way. if they don't take this as a warning heart attack, you know? what bloomberg and the "new york times" did in putting the stories together that the president's family was worth a vast fortune and the former premier's family was worth a vast fortune. the number one cause of death in chinese regimes

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> guilty. the jury has spoken. michael steinberg is guilty of insider trading. we will tell you next as the governor cracks down on steve cohan's firm. we will shuffle the deck with experts and see if it will be all races in 2014 for the gambling business. social secondary. facebook ceo mark zuckerberg says the company will put 70 million shares up for sale. what will they use all that though for? welcome to "market makers." i am a very lucky stephanie ruhle. a christmas tree has been delivered right next to me. >> the grinch. i am the grinch. i am filling in for erik schatzker today. he is off today. you know why? we are breaking economic news. november existing home sales are officially out. our economics editor, michael mckee, it is at his desk cranking away with the headlines. >> that news and we do not know why. right now we see existing home sales fell on the month by 4.3%. -- the worst performance of the year. a lot of people may attribute this, and it is a good that it

from bloomberg headquarters in new york, this is "market makers." >> naughty or nice? a final weekend push for retailers, what is driving consumers to open their wallets? the top traffic counter joins us live. he is an icon in the casino business in the global political mover and shaker -- our exclusive interview with sheldon adelson. down the digital chimney -- it is go time for santa claus he is going digital. find out why we examine the top name in apps. welcome to "market makers." eric schatz there is in canada for christmas. we have a lot to cover. it's time to take you to the news feed. apparently, the take overall her was not a good fit for joseph a bank. the clothing retailer has rejected an offer from men's wearhouse saying it significantly undervalued the company. joseph bank says it will review opportunities. with thejoining forces largest mobile carrier, china more thane, it has 760 million users. it has agreed to sell iphones. the move may help both companies by declining market share in china. ford is getting ready to unveil a new aluminum version of the

zach covers aig and its comeback for bloomberg here in new york city. in washington, the senate is likely to vote tomorrow on the bipartisan budget deal. there is one big thing missing from the compromise. anymore agreement on what to do with the debt ceiling. peter cook has more on the fight yet to come. are we going to be back to crisis mode, february? >> it is not that far from now. there is no deal on the debt ceiling within the budget agreement. could andy our moment quickly. we heard from paul ryan over the weekend on this topic, the fact it was not included in the debt ceiling in this final agreement. he made clear he and his fellow republicans will want something in return for an increase in the debt ceiling. >> we as a caucus will meet and discuss what it is we want to get out of the debt limit. we do not want nothing. we will decide what it is we can accomplish out of the debt limit fight. >> the deadline right now, february 7. that is when the enforcement suspension basically comes to an end. i am told the treasury department has maybe a mont

. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker andtephanie ruhle. all a twitter. shares have taken flight. we talked to an investor who says twitter should not be flying so high. they say great album. retailers say she gave them the shaft. ordinary man gets 18 of professional bodyguards. what it is like to have your own detail. welcome to "market makers," i am scarlet fu. haveam olivia sterns, we so much great stuff. figuring out what is going on with twitter. come on we will be talking with the onset and introducing you to the best honey and america. looking into buying one, there is a long backorder. on vacation. >> i am going skiing tomorrow. the news feed. cessna owner textron buys beechcraft. billion deal will help textron encounter a slump in business jet sales. cessna'st complements product line. aircraft sales account for about 60% of textron's sales. gm recalling 1.5 million vehicles in china. regulators say there is a defect in the fuel pump bracket that can cause gas leaks. the retail stores on december 30. gm operates in c

so what did bloomberg and "the new york times" do?aid wenme to us and mother is worth $100 billion. and his whole family, kids, nephews, aunts and uncles are worth $2.7 billion. no one slipped an envelope under the door of our shanghai bureau. >> you went and looked in the wreckage. >> we hired lawyers and accountants and we just looked it up. imagine how scary that was to the chinese leadership. they think it is all conspiracy and that somebody did whisper all of this. maybe somebody tipped off somebody in the very beginning. but the whole roger was done with lawyers and accountants and public record. so in that kind of world come in a kind of transparent world, they will have to govern in a if runway. web bloomberg and the in our -- what bloomberg and "the new york times" did, the number one cause of death in chinese regimes in history's corruption at the top. by the way, press report on corruption. level,provincials they report on corruption. that youo not port -- do not report corruption at the highest levels of government. so the

new nike shoes tell a story. we will explain what those nine red lines are all about. >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> good morning. it is thursday in new york city. you are watching "market makers." i am erik schatzker. >> i am stephanie ruhle. after a week and a half, you may not be excited about it. -- allquote mariah carey i want for christmas is new -- >> got a change the topic very quickly. -- got to change the topic very quickly. we have an unbelievable lineup. >> we are already getting calls saying that joe baratta is on, i want to cancel meetings. then we will be speaking with alan mullally. i will share the interview i had yesterday afternoon. herbalife.ing >> let's not forget about bill gross. >> who can forget the bond king? for now, let's get to the newsfeed. it is the top business story from around the world. the u.s. economy grew faster in the thor quarter than first figures showed. up from the initial estimate of 2.8%. the biggest increase in inventory since 1998 is the reason. two low-fare carriers will benefit from

live from pier third in san francisco and new york city, welcome to "bloomberg west" will read covered become news that are reshaping our world. our focus is innovation and the future of this and this. let's get straight to the rundown. a federal judge caused a u.s. government selection of phone records almost orwellian. it is a lawsuit, saying the surveillance is probably unconstitutional. it is called a phase print. they can identify you in everything from unlocking your phone to targeting advertising. the business behind facial identifications. buying a firm that designs research robot like cheetah and big dog or the pentagon. is part of a project being led by a former android head in the rubin. there are renew questions about whether the nsa's against technology collection of genetic records is legal. probably violated the fourth amendment which protects americans within a reasonable search and szure. they can move forward. all this comes as president obama prayers to host a number of executives at the white house tomorrow. they will surely be talking about it. let's ring in julian

we'll see you tomorrow for more "bloomberg west." ♪ >> live from pier 3 in san francisco and new yorkme to "bloomberg west" where we cover the technology and news that are reshaping our world. our focus is innovation and the future of business. let's get straight to the rundown. a federal judge calls a u.s. government selection of phone records almost orwellian. it is a lawsuit, saying the surveillance is probably unconstitutional. it is called a phase print. c

"market >> from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> wall street watchdog -- senator elizabeth warren on the volcker rule, breaking up the big banks, and how she would pay for her plan to raise social security benefits. it is a bloomberg exclusive. theking into hilton -- chain goes public. we speak with the ceo. ronassy campaign -- burgundy reinvents the way movies are marketed. will another film ever be rolled 2"? like "anchorman i am stephanie ruhle. >> i am erik schatzker down the and why -- the new york stock ofhange, speaking to the ceo hilton hotels, once again public, and aramark, all coming up. into a "markett -- the alwaysive outspoken democratic senator, elizabeth warren of massachusetts. she sits on the banking committee and is a critic of the big banks. thank you for joining us. you were pushing for a strict volker rule. did the final version go far enough? so many bankers seem to be breathing a sigh of relief. ani think the volker rule is important step in the right direction and i am really delighted to see they

>> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. done deal. willcan and u.s. airways form the largest airline today. will customers end up paying more for fewer choices? we will speak to the ceo of the merged company. and the year ahead. the largest asset manager will make some big bets on 2014. we will hear exclusively from the president of blackrock. striking back. herbalife opens a new front in the war with the lachman. they are telling us that the hedge fund investors should pull their money out. itcome to "market makers." is december 9. it may appear that i am all alone, but i want to talk about elf on the shelf placement. erik schatzker is joining me. he is at blackrock headquarters. good morning. >> i am just a few blocks away at blackrock world headquarters. this is the world largest asset manager. they have $4.1 trillion. it pays to listen. i am here with the investment outlook. i'm going to be sitting down with the president. he is one of the cofounders of the firm. also, three of their other big stars -- we will ta

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street respective. president obama promises to veto a senate proposal that could hit iran with new sanctions. we will tell you which cars earned the top safety ratings for 2014. we will meet the computer executive who likes fireworks so much he built his own homemade factory. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines tonight. su keenan with the fed the day after as investors take a breather and equities but not cold. josh following the moves on capitol hill for the following confirmation of janet yellen. we will get to josh in just a moment. first, the white house says it will veto new congressional legislation that would toughen sanctions against iran. senators from both parties introduced the bill earlier today despite appeals run the white house and secretary of state john kerry. blo

new york city mayor michael bloomberg brings his farewell tour to snl. are you ready grandma?, sweetie. [ female announcer ] we eased your back pain, you turned up the fun. tylenol® provides strong pain relief while being gentle on your stomach. but for everything we do, we know you do so much more. tylenol®. it's donut friday at the office. aso every friday morning they psend me out to get the goods.. but what they don't know is that i'm using my citi thankyou card at the coffee shop, so i get 2 times the points. and those points add up fast. so, sure, make me the grunt. 'cause i'll be using those points to help me get to a beach in miami. and allllllll the big shots will be stuck here at the cube farm. the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual fee.to apply, go to citi.com/thankyoucards stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's e

♪ >> live from bloomberg thisuarters in new york, is "market makers" with erik schatzker and stephanie. >> if you have an enormous fortune to pass on to your heirs , 40% of it will go to the government in an estate tax. but the law happens to be full of loopholes. one particular loophole is so effective and popular that it has cost the government about $100 billion in taxes since the year 2000. it is your job to cover a growing industry -- tax avoidance -- isn't it? >> that's right. >> let's talk about this particular loophole. it is called a grat/ t. >> it stands for grant or retained annuity trust. a complicated tax maneuver. it was created by congress to close a loophole that had existed back in the 1980's. the way they created it created an even bigger loophole. >> let's explain to people how it works. we cooked up a piece of animation to explain how it works. >> you want to give a gift to your heirs. >> we are using sheldon adelson as an example. >> if you give it directly, you have to pay a tax. you give it to a trust and then you have the trust give all the money back to you. ,

. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker andtephanie ruhle. >> mess up. brown let them down. >> seasons greetings. electronic cards are booming. with hereet a ceo stance on a paperless future. >> which is studios are making a push for oscar action. ." i am to "market makers scarlet fu. >> i am alix steel. are offe and erik today, no doubt eating the christmas food. >> we have cookies. >> we will have that during the break. american express is paying $70 million to settle claims it used deceptive marketing track this is -- practices. it will go to 300,000 customers who bought things like credit monitoring. --ular to say that the regulators say that the add-ons had hidden costs. first-class stamp will cost you $.49 starting january 26, so stock up. the increase is to save $1.8 billion a year off of the post losses. massive edward snowden says that government surveillance is worse than anything envisioned in george orwell's novel "1984." snowden is living in russia on temporary asylum. the message aired on london's channel four. th

new york city's mayor michael bloomberg is leaving, too, after more than a decade at city hall. >> new york city has never been stronger than it is today, and i think it's fair to say that our future has never been brighter. >> reporter: in the final speech of the term, he said his city today is drastically different from the one he took glover i think it's safe to say that it's clear that the golden age of the suburb is over, and it is being replaced by a new urban renaissance redefining the future. >> reporter: violence, governmental dysfunction, decay. in the 1970s new york lost more than 10% of its population. it was a center of a growing trend of cities around the country where middle class residents were fleeing fast to the suburbs. >> if you want to change the world, run for mayor. >> i, michael r. bloomberg do solemnly swear... >> ly after the september 11th attacks he took over investing . it would be his legacy and inspiration to other metropolitan areas around the country. today crime is way down in new york. perhaps in part due to a tough and controversial policing policy c

new york city. what investigators are now focusing in on and why mayor michael bloomberg of new york city is facing criticism for his response. that's straight ahead. [ cheeping ] [ male announcer ] you hear that? that's the sound of car insurance companies these days. here a cheap, there a cheap. everywhere a cheap... you get it. so what if instead of just a cheap choice, you could make a smart choice? like esurance for example. they were born online and built to save people money from the beginning. that's what they've always done. not just something they...cheep about. that's insurance for the modern world. esurance. now backed by allstate. click or call. mm. now he's totally huggable. i wash everything with tide plus downy. makes his clothes soft and clean... just like one of my teddy bears. more like a grizzly bear. a teddy bear. that's my tide. what's yours? [ male announcer ] when seconds count, the experience of adt matters. the alarm initially went off at 12:06. after a few seconds, adt called me, and the guys were caught by 12:29. adt called, and she said, "mrs. white, your carbon-monoxid

"the new york times" website is shut down in china. bloombergnterfering with "wall street journal" website in reaction to stories written about the leadership and ones that have gotten under the skin of the chinese are stories that look at financial holdings of the leadership. there's been a very -- it's not inference that there's a connection here. when those stories pop up, those websites get shut down. when journalists write these stories, they don't get visas. it's a direct connection. >> viewers at home wonder if there's anything the u.s. government can do to help journalists in china. is there? >> it's a subject of debate now. i can tell you u.s. officials have been raising this with chinese side for more than a year at a number of levels saying this is not fair. but to have vice president biden do it at that level, that's the highest level -- >> just a few weeks ago. >> on his visit to beijing. he didn't use soft language. he said we and china have profound disagreements about the treatment of u.s. journalists. the question is beyond rais

new year? that is the question we will ask. >> of barbara joins us to talk inut netflix's prospects 2014. we will be back with more "market makers." ♪ >> live from bloomberg headquarters in new yorkarket makers," with erik schatzker and stephanie ruhle. >> dividends of on demand. netflix has stellar stock performance. can this produce a sequel in 2014? lawyer, the business needs attorneys to fly through red tape. the man who is starting the first drug law practice. >> the leaders and washington who are sure to shape the political landscape. this is "market makers," 11:00 in new york city. >> i am scarlet fu, stephanie is off today. i am waiting for her tweet. >> we will see that. time for the newsfeed feed, top business stories from around the world. upls fargo is going to pony $.5 billion to resolve claims over mortgages it sold fannie mae. they reached a deal with freddie mac earlier in the year over similar loans. the bank says it has the funds set aside. two suicide bombs, one at a train station and the other on a trolleybus, killed more than 30 people in the russian city of volgograd. this happened just a few hundred miles from the site of the olympic games. under print and

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line." the intersection of this mess and economics with a main street perspective. tonight, that the reserve issues its latest report on the state of the u.s. economy. then the fcc considers a plan to let air travelers use their cell phones in flight. the inter-sector is being called the fastest cop car ever. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and the stories making headlines tonight. yang yang is in washington with today's cover story. she will have the latest on u.s. government rules that could change the way we fly. we will have that story coming up. economic conditions around the nation shows the united states still growing at a moderate to modest pace. is that enough to get the fed to alter its row graham. >> the new beige book does not contain any major revelations on the u.s. economy but it could bolster the view that the economy is gaining traction and could affect policymakers decis

new york city subways. no matter how you feel about mayor michael bloomberg, there's no denying his impact on the day to dayife of new yorkers over the past 12 years, taking on everything from birth control to big gulps. it seems almost fitting that in his final act as mayor, bloomberg signed into law a controversial initiative that extends the city's smoking ban to include e-cigarettes. the law would make it illegal to use the battery operated cigs in offices, restaurants, bars and parks. some critics, including anti-smoking advocates, say the ban may end up doing more harm than good. cnn's poppy harlow has more. >> you know what the most amazing thing about this cigarette is? it isn't one. >> reporter: they are electronic cigarettes and they have become nearly as controversial as the real thing. >> this is how i ended up quitting smoking. >> reporter: aaron david ross smoked for ten years. we met him at henley, a new york city vapor lounge. >> i haven't had a drag of a cigarette since two and a half years ago. >> reporter: here's how they work. liquid nicotine is heated up by a battery charged coil. there

new york. this is "bloomberg west." we are covering the global technology and media companies that are reshaping our world. i am cory johnson. our focus is on innovation, technology, and the future of business. let's get straight to the rundown. a coding lesson from mark zuckerberg. his video is one of many for students interested in the coding. an initiative that wants an hour of your time at this week. advertisers can follow you around the web, now apple is using technology to follow you around the store. jony ive is trying to make apple one of the most innovative brands. meet the man doing the same for sneakers. nike's catch up with guru. to the lead. the biggest names are speaking with the united states urging american children to learn to code. it comes as a critical time as u.s. students according to a new rank has american students ranked 21st in science and 26th in math. an hour of code initiative asked people to spend an hour coding. it kicks off computer science education week. it is sponsored by code.org. her

new york and bring you details. adnamobil may have sealed ea deal with apple. that's next on bloomberg west. ♪ >> this is bloomberg west. apple may have reached a deal toh chinamobil according the wall street journal. it could come within a couple weeks. china was granted license to operate a 4g network. jon erlichman is back from l.a. >> breaking into the chinese market has been challenging, but the users could be a boost to the company. let's bring in managing directer sean rhine. what's the buzz? >> the buzz has been good for apple. they've been facing challenges. they saw 300% growth and they're now in single digits. people are really excited. if apple can sign the deal, they'll have access to millions. customers aree using 3g. most are price sensitive using the 2g network. it will be difficult to convince them to buy apple iphones through a contract. >> let's stay on that point. has the trend suggested we're seeing consumers move from 3g to higher end phones? >> the 2g side, consumers prefer pop up cards and pay as you go. they don't like to sign for contracts. like innd problem i

>> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanieuhle. >> welcome to "market makers." >> happy friday. we have a lot to talk about. >> as we wrap up this week. we had so many days apart that we lost our group. >> we need to get our synchronization back. we will start with the news feed. this is the top is the stories around the world. eddie lambert is spinning off lands' end. he has been selling off sears shares. end has been called the jewel in their crown. it does not make much money. they made $1.6 billion last year. another struggling retailer, j.c. penney says the sec has asked for information about its finances. septemberrk sales in and is attempting to turn around shareholders. by 30 eighthares percent. and it is the latest escalation and holiday shopping. kohls department stores will keep their stores open for 100 hours straight from december 20 until christmas eve. they operate almost 1200 stores nationwide. >> i hope you are not there. hopefully you will be wrapped up by then. we have a report on jobs. according to the jobs

. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker andle. screen ipo, american movie icon amc is set to go public. we will focus on what a successful debut will mean for seats under the chains, chinese owner. >> miramax has never seen an act like this one. the weinstein brothers are trying to figure out how to make tv shows from the movies they made in the first place. >> security in the fast lane. the family that controls bmw by the company that protects billions of electronic identities. we will see what that says through online transactions. welcome back to "market makers." i'm stephanie ruhle. >> and i'm erik schatzker. here in new york city we will talk about the top business stories in the world. one of the world's biggest drug makers has made a big change in the way it promotes its products. noxosmithkline says it is longer going to pay doctors to push drugs. start paying its sales force on the basis of how many prescriptions it will right. except called both practices conflicts of interest. in new york today, the insider trading c

. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker anduhle. >> is it time for sac capital 2.0? they are making major changes at the hedge fund in the wake of record insider trading settlements. bitcoin.d by and new poll says most americans do not have a clue about the virtual currency. they think it is a smartphone apple or even a videogame. >> and beyoncÉ -- mrs. carter shocks the music world. she releases a new album overnight without warning. surprise, surprise. we will talk to the editor of billboard magazine about what this means for the record industry. it isis "market makers." friday, the 13th. i am erik schatzker. >> and i and stephanie ruhle. we have a lot to cover. let's break some news. >> charter communications is preparing an official offer letter to buy time warner cable. the offer would be the for less than $140 per share. that is more than time warner cable was trading up this morning. we will show you where things stand as we bring in alex sherman. he broke the story from his desk. how confident should we be that this off

new york. i did not. >> 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

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "the bottom line." in south obama speaks africa at an emotional memorial service for nelson mandela. u.s. regulators approve the poker rule in an effort to make and we go inside of the c suite at the new cadillac. to our viewers here in the united states, and those of you joining us from around the world, welcome. do we have full coverage of the stocks and stories making headlines. motorsan is with general naming the first female ceo in the global automotive industry. we believe with yang yang and late developments on a budget deal coming out of washington. >> good evening. moments ago, budget conference committee chairman paul ryan and senator patty murray announced their answer to avoiding another budget shutdown with a budget deal, setting the spending cap at approximately $1 trillion a the, higher than the 96 -- 960 billion in the current. the difference will be made up through auctioning government airwaves and increasing pension premiums for federal workers. there'll be no major changes to taxes o

and applause] those of you outside the great state of new york on january 1 bill deblasio becomes the mayor of new york which means michael bloombergs one more new year's eve as mayor and from what i understand he's going all out this new year's eve. [ laughter ] but what will -- [ applause ] surprisingly good shape. what will life be like in new york without a billionaire in zmarg for more we go to the resident deranged millionaire mr. john hodgman. welcome to the program. >> thank you. >> jon: thank you for joining us. >> it's great to be here and now goodbye. >> jon: where are you going? what? >> i'm leaving new york forever, john, when i heard that this six foot five sandinists yette was coming it our city goodbye. >> jon:. >> i'll all right i'll stay. after everything the wealthy have done for you mayor bloomberg understands. >> if we do get every billionaire around here it would be a good send. they would pay a lot of taxes, spend a lot of money in the stores and restaurants and create a big chunk of our economy and we take tax revenues from those people to help people throughout the entire rest of spectrum. >> we billionaire

. ♪ >> live from bloomberg headquarters in new york, this is "market makers." >> welcome back to "market" i'm scarlet fu in for stephanie today. >> we have lots to cover including jim whitaker, the c.e.o. and chairman. >> the new c.e.o. at g.m. it hasn't been formally announced. >> it has been. we broke it earlier. >> it's not a bloomberg exclusive. these are the top business stories around the world. changes at the top. chip wilson steps down as chairman of lululemon. and portevan replaces christine day. lululemon had to recall from sheer yoga pants earlier. black fish criticizes sea world for the way performing whales are treated. three music acts have been canceled -- they canceled concerts at sea world park. willie nelson, heart and bare naked ladies. they call black fish a dishonest move. in johannesburg, leaders around the world joined with south africans to mark the life of nelson mandela. it was at the biggest soccer stadium and was the first of three events this week. president obama was among those paying tribute. >> we will never see the life of nelson mandela again. but let m

. >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> blackberry crumble. eatsmart phone maker another slice of humble pie. a loss and $4 billion of charges from a manufacturing deal with foxconn. the beginning of the ad. like snobby or nice. not he or nice. for more shopping days until christmas. we play santa claus. gift of freedom. he was once russia's richest man. after 10 years in prison, mikhail khodorkovsky walks free . it may seems like written's -- eike putin para restroika. don't be so sure. show for ericast and i for the year. we are going to talk about the blackberry. if you thought things cannot get worse, think again. shares fell by more than 50% in the last quarter and losses were far worse than analysts anticipated. are actually rising this morning thanks to a separate announcement about a new partnership with foxconn. we have julie hyman and cory johnson to break this down. walk us through the foxconn partnership. is a five-year partnership, foxconn will take over some manufacturing and help market the phones i

bloomberg is taking on a new title once retiring which will be doctor bloomberg. it's just heavy handedness. that is now mayor bloomberg functioned from the beginning. let's take soda. the new yorkrt ruled against soda ban saying this same new york board of health exceeded legal authorities. so again, these, this new york board of health appointees from the mayor, very activist in way of thinking and they do not believe parents can make, and their health care providers can make the best decision for their children? of course, parents are outraged. >> they do have an opt out. >> but the opt out is only on religious grounds and medical grounds but if you are opposed to it, which i know many homeo pathic doctors agree with that, creates a problem. it should be left in the hands of the parents. >> i have friends that are very holistic in health and beliefs i come from a traditional family, sisters are nurses. brother-in-law is a doctor. i'm more in favor of getting a flu shot. i have people who are strong opinions against it. they ought to be able to raise their children as they see fit. >> i'm in favor of this. you sdroent a legal right to expose your child to disease unnecessarily

. >> from bloomberg world headquarters in new york, this is "in the loop" with betty liu. >> good morning. 6.is friday, december we are live from bloomberg world headquarters. you are "in the loop." i am betty liu. we have the top stories covered. the november jobs report is 30 minutes away. we have all angles covered. is looking at how investors are positioning themselves ahead of the report. ende hyman has lands' spearing up -- spinning off from sears. megan hughes is in the capital where politicians are one week away from a budget deadline. even lawmakers are skeptical any deal could be reached. are you as skeptical? it's good to alix steel for insight -- let's get to alix steel for insight on how the markets will trade. >> over the last two years, on average, the s&p was pretty much flat, averaging a gain of almost .2%. when the jobs number was stronger than estimated, it was up .7%. when it was weaker, it was down .4%. that is what you can expect with the s&p. usually, action is priced in at the open. performings wind up well on a positive surprise day? this is a day where you want t

children in new york city will soon be required to get shots now thanks to the support from america's nanny, aka new york city mayor michael bloombergof health voted in favor of the mandatory flu vaccine for children under 6. it will affect 150,000 children who attend a licensed preschool or day care. proponents say it could prevent 20,000 kids from getting sick. needless to say many parents are strongly opposing the plan. so the question is do you want the government mandating that you force your children to evacuation flight th-- vaccina them against the flu? here to debate it are republican strategist regina schlapp and steve murphy. why do i think the government, the same michael bloomberg that says we can't have salt, you have to ask for it in the restaurant, you can't smoke. smoking is dumb but people want to smoke. same guy tells us how much coke we can buy. why do i think it is none of his business? >> i think mayor bloomberg is taking on a new title once he retires, dr. bloomberg. he may have his own show by then. it's the heavy-handedness. this is how mayor bloomberg has functioned from the beginning. when you look at it,

worldm bloomberg headquarters in new york, i am mark crumpton. this is "bottom line." tonight, the federal reserve starts tapering its stimulus program as the job market shows signs of improvement. then, why u.s. farmers could be facing dismal prospects for land and crop prices. we will tell you which luxury cars are in the best ratings in the insurance industry's crash test. to our viewers here in the united states and those of us joining from around the world, welcome. we have full coverage of the stocks and stories making headlines tonight. su keenan with the equity markets in record territory as the fed moves to taper qe. yang yang with a comb i got as thein the senate budget compromise passes. those stories in a moment. first, the federal reserve take the first step in unwinding its unprecedented economic stimulus. at one of the final meanings of chairman ben bernanke is tenure, the fed announced it will trim its monthly bond buying starting in january. peter cook has more on the decision and mr. bernanke's last news conference as chairman. >> let the taper begin.

>> live from bloomberg headquarters in new york, this is "market makers." >> housing health. the lasting economic data point of the year is out. breaking news on home sales. out of prison. the jailed russian oil tycoon still enjoying his first days of freedom in over 10 years. he speaks to us about the worst part of prison. breakdown -- the singer's personal life looked like a train right -- wreck this year. i am stephanie ruhle. it is christmas eve. i would like to say that the breaking news is that it is my birthday. the real breaking news is the november home sales report. michael mckee is in the newsroom with the headline. what is the real deal here? >> it would be a lot easier to talk about your birthday. >> i agree. >> we beat expectations and still declined 2.1%. the prior month was revised higher. sales are up to 464,000. 10,000crease makes for a decrease on a month-to-month basis. you want to look at the annual sales rate. 464,000 is still better than we have seen for quite some time. the overall numbers improving and we are seeing a decline in the number of homes ou

worldm bloomberg headquarters in new york, i am mark crumpton. this is "bottom line."federal reserve starts tapering its stimulus program as the job market shows signs of improvement. then, why u.s. farmers could be facing dismal prospects for land and crop prices. we will tell you which luxury cars are in the best ratings in the insurance industry's crash test. to our viewers here in the united states and those of us joining from around the world, welcome. we have full coverage of the stocks and stories making

you can find the latest headlines at bloomberg.com. ♪ . >> from bloomberg world headquarters in new yorkcrumpton. this is "bottom line." the intersection of business and economics with a main street perspective. tonight, budget negotiators worked to end three years of fiscal gridlock in washington. members of united states a midnight they face deadline to sign up with health coverage. we'll find out how to buy and spend bitcoins. >> to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines. su