. >> r bloomberg news reporter in taipei who broke this story, -- in bloomberg news reporter taipei whoroke this story, tim, thanks so much. a name being floated at microsoft, the cloud services chief. we caught up with them at the internet conference in paris and pressed him on whether he would want the job. take a listen. ceo, andballmer is the i am actively engaged in running our enterprise engineering. >> but do you want the chief executive role? >> i have said everything i am going to say about that topic. >> our editor at large, cory johnson, with us now. we have been talking about the microsoft ceo search for a long time now, and they want to name a successor before the end of the year, and that is almost here. we have heard they have reached a stalemate, they are close -- where are we? >> sources have said they have not made a decision quite yet, there are some other possibilities out there, but sa the leadingis internal candidate, from what we understand. this is a guy who has been at microsoft for many years and was and thel to the cloud division that the cloud is underneath,

bloomberg news reporters join us now with more on those.what was the biggest foreign- policy story last year? >> no question, iran. that was the big surprise. we had the election that brought president rouhani to power. there was secret outreach. it ended in the first ever nuclear interim deal with iran for the first time in 10 years that that has been going on. >> if we were sitting here a year ago, was there any crisis or story we would have anticipated that did not happen? i think you are right about iran. >> if we are talking about the dog that did not bark it was u.s. involvement in syria. president obama had said his red line. he did it in 2012. he said that if chemical weapons are used it cannot the allowed to stand. it did happen and it may have happened more times before august of this year. they proved it with the august attack and obama walked up to the edge of the precipice, made it seem as if he was going to strike as punishment for that attack and at the last minute he pulled back. he said he would put it to congress and we al

a few weeks ago bloomberg news broke an unbelievable story.t's a tale of two companies first blackstone that sounds like it should be an evil wizards castle but actually a private equity firm. so same deal. the second company codere that runs betting particle yoornz race tracks all over europe. classy. early this year blackstone bought something called a credit default swap on debt that codere owed to a third party which means blackstone would make money if codere blew a loan payment to the other guys. then a short time later blackstone offered codere a $100 million with the condition that they pay the other loan to the other company late. the loan blackstone had already bet they owe would pay late. blackstone backs them and they pay late. the credit default is trigger and blackstone collects $15 million in insurance money. i'm sure you are asking yourself i'm sure they saw something like that in goodfellas when they get insurance on a restaurant and deliberately blow the restaurant up. in goodfellas it's illegal. in the financial world it's a

to 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.

drink it to one fight michael bloomberg did when it was back in two thousand and eight when he required restaurants to include calorie counts on their menus no longer could new yorkers consume an ignorant bliss and just in case if these vans made anyone crazy mayor bloomberg also banned the sale of assault rifles and banana clips during his time in office. that's just a brief summary of mayor bloomberg blacklisting highlights his opponents say he ran a nanny state but bloomberg says about putting public health first i will walk out of office knowing that whether you agreed or disagreed with me i always made decisions based on the merits and we always put the needs of future generations ahead of their man's of today's special interest groups either way bloomberg is out today and it's now up to bill de blasio to regulate the new york citizenry and washington d.c. perry and boring r.t. that does it for now for more on the stories we cover go to youtube dot com forward slash r t america check out our web site r t dot com for its last usa can also follow me on twitter adam you're a david c. right back here at five thanks for watching. i would rather as questions

derek wallbank is with bloomberg news. >> thank you for being here. capital ist of the julius. they are both saying this will avert any shutdown fears for january 15 and possibly for october 1 as well. that is not set in stone yet. >> can he walk us through the next steps? >> you are right. there is a joyous atmosphere. it was a huge event. of gettinghe logjam away from these herky-jerky shutdowns we been going through. they must take it and break it down for each agency and department of the government. we have to do that before january 15 because that is when the clearing resolution wears out. -- current resolution wears out. that will implement the budget resolution that was agreed to yesterday by the house. i wanted to ask you to comment on something that speaker john boehner had talked about in this past week. you have often been a target of these outside groups for your chairmanship for having to allocate money at a higher rate than they would like. a speaker boehner was very adamant, saying they lost credibility, that he is with the process. do you agree with his comment

bloomberg news talk nsa and president obama.aret carlson and lanhee chen debate paul ryan's ultimatum. >> we begin the program with senator rob portman of ohio. senator, thank you for being with us. you were one of the republicans who voted for the small compromise on the budget, although you said it wasn't nearly sufficient. let me ask you this to start. was this a one-off marriage of convenience? or is this the start of maybe something -- some kind of

you are talking with alex wayne of bloomberg news.anyone i do not see have could think that this is going to work. by any means. the guy can sit here and make ok.ses why things will be a certain class that gets i do not understand how he can defend himself. i am a little nervous. what i am saying here -- host: it sounds like we lost him. guest: i don't know if he was talking about me. i am not here to defend the law. generally it was intended to address a problem in the country of 48 million uninsured. it has some operational problems. we will see how they sort out. host: question from twitter this morning. guest: that is a great question. it looks like they will wind up enrolling fewer people into the affordable care act then will lose their plans that they had before january 1. we may wind up with a net loss of coverage, which would be a practical problem for the administration. host: michael is on a line for independents. caller: ys, good morning -- yes. in relation to the state now we have one insurance company which is blue cross

primary elections that will be underway at that point, very much in focus. >> derek wallbank with bloomberg news, daniel newhauser with "qc roll call" thank you both for being on "newsmakers." >> thank you. >> thank you. [captioning performed by >> the authors of the new 2014 budget agreement, senator patty murray and representative paul ryan appeared on "meet the press" this morning and talked about the deal. >> we did not get everything we wanted, but i will tell you what we did get is certainty for the next two years. we have a point now where we are not going to tell anybody we are going to throw the economy in a tailspin because we have to have something. importantly, a budget agreement is about how we can manage this countries resources so we can have the things i do whetherut, which -- it's education or transportation infrastructure. we were not managing the country in a way to get the things i cared about. >> on the right, my colleague spoke to marco rubio and he called this an un-american deal. there are other conservatives who say you and others made a promise -- across-the-board cuts.

new models in europe. we will have the details next. >> first, bloomberg. time for today's company news. sachs and deutsche bank are among five firms whose practices in china are being investigated by u.s. regulators in addition to jpmorgan. that is according to "the new york times." gave themecently spreadsheets and e-mails detailing the funds sons and daughters hiring program. the world's largest carrier renamed american airlines group is poised to rise on confidence it can avoid the pitfalls that drags down other mergers. s say the stock rise as much as 50% by 2015. obvious says toyota and hitachi have promised to raise. >> we're 20 minutes away from the start of the european session. "> the anchor of "on the move. is here with us. >> futures actually rising. if you look at the cac 40 futures, they are gaining some 0.7%. basically investors are more focused on what we heard from china. two stocks to watch in continental europe. >> all things banking covered in "on the move" as well. >> you been talking about hsbc all morning. this is according to the ft. we will get the implication. t

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line," the intersection of business and economics with a main street it. we begin tonight with the death of a legend -- nelson mandela. he was 95. lost itstion has greatest son. our people have lost a father. although we knew that this day diminishe, nothing can our sense of the profound and .nduring loss >> of mandela served for five years as the first black resident of south africa after the african national congress artie help end apartheid in 1994. guy johnson has more on the mandela legacy. firstree man takes his steps into a new south africa. >> from prisoner to president, his 1990 release from jail signaling the end of the racist policy of apartheid. he would go on to become the country's first truly democratically elected leader. >> i do hereby promise to be faithful to the republic of south africa. wasorn to a local chief, he one of 13 children and the first member of his family to attend school. he began opposing the white minority a policy of apartheid, laws

bloomberg news talk nsa and president obama. and margaret carlson and lanhee chen debate paul ryan's ultimatum. >> we begin the program with senator rob portman of ohio. senator, thank you for being with us. you were one of the republicans who voted for the small compromise on the budget, although you said it wasn't nearly sufficient. let me ask you this to start. was this a one-off marriage of convenience? or is this the start of maybe something -- some kind of collaboration? >> you know, it's been analyzed both ways, al, and i hope what it is, is a first step toward further collaboration, because our country's in trouble. you know, we have a fiscal crisis looming. we still have an economy that's too weak, and we need to work together to solve these problems. so i like to view it as a very small step, a baby step in the right direction. it did reduce the deficit a little bit. it did it without raising taxes. it kept us from going into a government shutdown in january, but also in september of next year. and finally, it put the

lubricant news reporter will talk about the latest with that -- bloomberg news reporter will talk about the latest and the health-care law. medicare part d. foundo but a recent study . we'll take your calls and e- mails and tweets. host: sydney freedberg is a deputy editor. joining us to talk about the defense bill. as 2013 winds down, you have a couple parallel tracks going on, the budget agreement between the house and senate and also getting that defense authorization bill, that programs and policy bill for the pentagon done. where does it stand? guest: the whole process is sort of jammed together like an accordion. those of you who have seen "saving private ryan" will remember how the young guy, the translator spent the whole time trying to figure out what the word foobar means -- what the word fubar means. it is very appropriate because it is beyond all recognition. the one process that number doesn't matter and is working nobody cares seems to be the part that is riding to the rescue. host: which is? guest: which is the budget committees. regular order which we have had for years

this is "bloomberg surveillance ," live from our headquarters in new york. ne, and joining me, scarlet fu and cristina alesci with us as well. our guest host for the hour, brendan greeley with "bloomberg is this week -- "bloomberg businessweek." morning brief. >> we are going to start overnight in china. almost $3debt rose to trillion, with financial risks in the second-biggest economy. home prices rose in december and will lead gains in 2014, according to home track. -- japan -- this is big news nikkei up 66.7% in 2013, the best games since 1972. you remember that, tom. >> yeah, i do. >> how did you trade that one? >> i didn't traded. i wasn't of age. >> come on, that's all i. -- that's a lie manufacturing activity -- >> no jobs report. >> no jobs report that that doesn't mean you are taking the day off. you will be here. france'so note -- constitutional council gave the go-ahead on the government's millionaire tax. the tax lasts for 2013 and 2014 and taxes salaries above one million euros at 75%. would want to play for french soccer -- excuse me, football c

bloomberg surveillance." let's get you some company news from the files of bloomberg west. g out some new pricing plans. testing pricing based on the number people who could use a single account. it could for some customers to pay more for additional family members. one offer charges new customers on is $12 a month but provides access on as many as four screens. ibm looks to be the lone loser in the down industrial this year with shares down 2.7% on yesterday's trading. the dow is up 26% in the period. ibm. slump at revenue has dropped for six straight quarters. china mobile expense it's 4g lineup. -- expands its 4g lineup. racing to grab customers. that is today's company news. to talk about real estate because it has been seven years since the housing bubble burst and aided the collapse of the broader economy. now, home prices in some areas are reaching pre-2007 levels. is the housing market different this time around? >> it has been a challenge all year. we got it wrong. housing may be different this time, but what is unchanged is done at the miller's reputation for slici

. >> we are going include, in the record, an article by bloomberg news that illustrates how difficult it is for seniors to be able to afford long-term care. and this is our last hearing of the year! for some unusual thing we might be in session on new year's eve like we were last year. [laughter] >> you bring the champagne, if we are. >> as a matter of fact, you remember new years' eve we're all on the floor, and i spotted one of my dear friends in his tux sitting in the gallery, and i went over to him and said charlie what in the world are you doing here? he said, jackie and i went out to dinner and we decided this was the best entertainment in town! [laughter] >> except for perhaps for the performers. [laughter] >> well, you all have been great. thank you. it's a tough issue, and so thank you for helping us get in to it and start to peel back the onion. we appreciate it. happy holidays, merry christmas, happy new year. the meeting is adjourned. [inaudible conversations] >>> tonight on c-span2 booktv in prime time. up next a look at the rise and fall of gally and group. $7 billion he

in a statement to bloomberg news, the ceo of target said that target's first priority is preserving the trust of our guests, and we have moved swiftly to address these issues so guests can shop with confidence. we take this matter seriously and are bringing those responsible to justice. customer names, credit and debit card numbers and security codes are at risk, stolen from point- of-sale credit card swipe machines at target stores across the country. joins us viarg skype from seattle. it is unusual the way this happened. it happened at the pos terminals. explain how you think this happened. >> that is what makes this attack unique. we expect these kinds of things to happen through web vulnerability, and it appears that the point-of-sale terminals, the machines we swipe the cards, were the ones that suffered the vulnerability. >> how can a company protect against something like that? how is it different from protecting against online breaches, for example? >> you would think the company would have more control over the access to these point-of-sale devices. they should not be available

paypal has its own reader. >> bloomberg news editor, thank you for weighing in.ould today be an even bigger day than last week cyber monday. that is just ahead. ♪ >> this is the early edition of bloomberg "west." as well-known as black friday or cyber monday, but today is green monday. traditionally the biggest online shopping day of the year. the second monday in december, the day shoppers rush to finish online gift orders i the holidays. cory johnson is back to explain. >> only you would be talking about finishing up holiday shopping. i am somewhere about zero percent like a lot of people. >> 75% done. tracking this on a spreadsheet? >> i want to get my free shipping. this they have historically been the biggest day for online shopping. monday, the second monday after december shows the strength and change in nature of commerce every year. director the managing vocus is -- focuses on the consumer. i thought it would be great to have you look at what we have learned at this year in particular. is a year of mobile. 25% of online sales right now and growing. when

brown is telling his house to move to new hampshire and may run for the senate there according to bloomberg newsron, he visited afrg on monday and said british troops will have accomplished their mission and can return next year with their heads held high. >>> a call from new jersey democrats for a federal investigation. now all of this stems from allegation that's supporters of governor chris christie were behind lane closures on the george washington bridge because a local mayor refused to endorse him. >>> and stephen colbert takes on a suggested amnesty deal for former nsa contractor edward snowden. >> in a desperate bid to find out how much intel snowden took, nsa officials floated the official of offering him amnesty. i take the deal, ed. just come back with all the intel and all is forgiven. i'll tell you what, to make you feel safe, we'll meet you in a special amnesty zone. >> okay. that's your morning dish of scrambled politics. joining me now in the studio for the first look at politics is "newsday" columnist and analyst. good morning to you. >> take the deal, ed. take the deal. >> that

you are talking with alex wayne of bloomberg news.nyone i do not see have could think that this is going to work. by any means. the guy can sit here and make ok.ses why things will be a certain class that gets i do not understand how he can defend himself. i am a little nervous. what i am saying here -- host: it sounds like we lost him. guest: i don't know if he was talking about me. i am not here to defend the law. generally it was intended to address a problem in the country of 48 million uninsured. it has some operational problems. we will see how they sort out. host: question from twitter this morning. guest: that is a great question. it looks like they will wind up enrolling fewer people into the affordable care act then will lose their plans that they had before january 1. we may wind up with a net loss of coverage, which would be a practical problem for the administration. host: michael is on a line for independents. caller: ys, good morning -- yes. in relation to the state now we have one insurance company which is blue cross,

bloomberg west." i'm emily chang. beyoncÉ surprised the world when she released a new album on >> this is "bloomberg west." mily chang. beyoncÉ surprised the world when she released a new album on itunes without any pre- promotion. the surprise records sold nearly 830,000 copies in three days, setting a new itunes sales record, and soaring to the top of the itunes charts in 104 countries. could this change the way that artists sell and promote their music in the future? i am a fan as well. i bought the album. i don't think i have bought an album in years. she's the only person who can also get me to go to a concert. how much do you like her? >> a lot. [laughter] who doesn't like beyoncÉ? >> everybody is saying, this is a model for artists. what other artists can pull this off? >> lady gaga. >> also in a league of her own. >> there are a lot of dj's who are big. there are a lot of artists who, if they became creative in making me buy the album, i would pay the money for it. somebody said on twitter that when you buy an album in the old days, there was the liner notes and there were pictures and there was the

bloomberg news reports-- rpublicans may be ready to agree on more federal spending. democrats may be willing to accept higher user fees including for airline tickets. the panel made up of members of both sides of the aisle have until a december 13th to pound out a deal. federal spending expires january 15th. without an agreement another government shut down could happen. a call for clarity among big banks. in her latest quest for a more transparent financial system, massachusets senator elizabeth warren is asking ceos of big banks to voluntarily disclose contributions to political think tanks. in a letter, warren writes "greater transparency will benefit your shareholders, policymakers, and, ultimately, the public." the letter was sent to the leaders of the largest banks in the u.s. policy institutes are criticized for having a powerful impact on american politics. fines connected to the libor rigging scandal is reaching american shores...the european commission is hitting 8 finanical firms with a total of $2.3 billion in fines for allegedly participating in libor ri

and our friend jeffrey goldberg of the atlantic and bloomberg news. let's start first on iran thing. what do you take from what the iranian foreign minister told liz palmer this morning. >> not much, bob. the fact is that the iranians aren't in these negotiations by accident or tourism. the foreign minister and the new president to power. six men were allowed to run they were called, their names were mr. black, mr. black, mr. black, mr. black, mr. black, mr. light black. it turns out that 61% of the iranians all rushed to the guy who is just a little more moderate than anybody else. actually the word is there were 64% of the government just take this to 51%. what they were saying, tired of sanction, tired of being disconnected from the world. the iranians are in these negotiations for regime survival and the situation. fact that we sent them a little signal early on which is don't think that because we're going to six-month negotiations that it's now green light or yellow light for companies to come back and start. they will be back. they're not there

everybody knew that we weren't helping people" bonuses will be up this year for bankers in london...bloomberg newshas learned-- managing directors at banks in london are predicitng a 44% bump in raises. back in february the european union brokered a deal to outlaw bonuses that double banker pay.the law was challenged and the eu's highest court has yet to make a final decision. in a $5.4 billion deal a-i-g sheds it aircraft-leasing business, international lease finance corporation. the insurance giant is selling the unit to netherlands-based aercap holdings in a cash and stock deal. aig bought i-l-f-c in 19-90 for $1.3 billion and has been trying to find a buyer for it since the 20-08 financial collapse. in a different deal on the table. avago technologies plans to buy chipmaker lsi corp for $6.6 billion dollars. avago wants to get into the semiconductor business especially with the increase of demand for cloud computing for data centers. lsi stock surged 38% on the heals of the deal monday. avago shares bounced 9% in sign wall street likes this hook up. some famous names in hollywood are back toge

bloomberg news reporting from washington, d.c. i want to bring in peter cook, our chief washington correspondent. you have some reactions from the house ma majority and minority leaders? >> i do speed. nancy pelosi. i wanted to read from the democratic leader of the house. he ultimate tribute to the triumph of hope. to his family, friends and loves once, so many mourn his loss at this sad time. house speaker john boener with a glowing tribute to nelson mandela. he was an unrelenting voice for democracy and his long walk to freedom showed an enduring faith in god and dignity. his ability to fight the apartheid system will inspire future generations. he came here as president and spoke to a joint session of congress in 1990, someone many members of congress spent time with when they visited to south africa. hey all wanted to be in this man's presence and wanted to carry some of the grace that he exuded. >> my thanks to peter cook and john wall court in our washington, d.c. bureau. we have more coverage of nelson mandela, dead at the

alex wayne covers health care for bloomberg news and joins us now.es sow what is the real reason that this is being pushed back, alex. >> sure, well the web site the federal government has to sell insurance to people who need it saw more than a million visitors just today. and a lot of those visitors probably ran into the same screen i ran into when i tried it throughout the day which was basically a holding screen that said very politely, look, we have too much traffic right now. please wait until there's less traffic. and if you would give us an e-mail address we'll send you an e-mail in a few hours and you can come back when traffic subsides. they don't want these people to go away without coverage. they want to make sure all those people get the coverage they came to the web site expecting to sign for. so they are giving really everybody in the country another day, not just the folks who visit today. >> ifill: so as longs as you were there today and as long as you registered and signed up for this e-mail. >> way jz you are under the deadline. >>

gwen: covering the week, molly bell of "the atlantic," jeanne cummings of bloomberg news, john harwood of cnbc and "the new york times" and doyle mcmanus of the "los angeles times." >> award-winning reporting and analysis, covering history as it happens. live from our nation's capital, this is "washington week with gwen ifill." corporate funding for "washington week" is provided by -- >> we went out and asked people a simple question. how old is the oldest person you've known? we learned a lot of us have known someone who's lived well into their 90's and that's a great thing. but even though we're living longer, one thing that hasn't changed, the official retirement age. how do you make sure you have the money you need to enjoy all f these years? >> additional corporate funding for "washington week" is providedly northrop grumman. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to pbs stations from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. don't get to

dollar-sixty-four a pound by the end of june.that's up from a dollar-thirty-nine per pound now, according to bloomberg news. more fans of bubbly are "cheering" cheaper options. global sales of champagne are down for the second year in a row. sales are expected to fizz out by three to four percent this year, after a 4 percent drop last year. however, other bubbly options like prosecco or sparkling wine are on the rise. still to come on the show... trader insights following a headline grabbing move in the treasury. plus.... the stocks that are turning heads on wall street... is it time to buy or stear clear? but first... our next guest gives us some creative ways to give back as years end is fast approaching. stay with us! the end of the year is always a good time to give back. philanthropic consultant lisa dietlin joins us. lisa, welcome. >>hello. happy holidays. >>happy holidays to you too. it's a couple days after christmas and what can we do to continue the giving spirit? >>it's fairly important to keep giving back. yesterday or the day before we probably received a lot of gifts. yesterday was boxing day

we are alive and bloomberg's european headquarters here in london. >> we are getting some breaking news. a bit of a mixed bag. actually, no, that is than expected. -- better than expected. >> we have pmi numbers out of paris that are in the 47 range and the german numbers that are into the 50s and looking pretty good. that is a big spread beginning to emerge across the eurozone. a bit belowwere expectations. let's get to our story. largest trading for a company since 2010. caroline hyde joins us with the very latest. us about thes open. >> you look at the staggering amount of demand for the shares and you have some 20 billion euros worth of perfection or investment and they are selling three quarters of a billion euros this morning. the twoand carlisle are private equity companies that are selling their stakes. they did not get as much as they potentially could have. this is the biggest ipo in two years. the biggest in two years. many analysts are thinking about the potential growth of this company and the amount of demand for the shares. we will see shares popped on the open. >> i gues