he also partner with a guy named bruce ratner.bruce ratner who was a real estate developer in new york city. bruce ratner saw where the berkeley center sense, this new stadium, he saw an opportunity to build luxury apartments. the problem was that these luxury apartments bruce ratner wanted to build was sitting on land that was partly owned by other people. it was their proper. bruce ratner decided how can we get individuals off the landslide to build my luxury apartments? one way to do that is through the use of eminent domain to unfortunate for him you can use eminent domain to take people off the property for luxury apartments. what did he decide to do? you could use eminent domain to kick people off the land and the businesses relocate if you have a public good that includes a sporting arena. because all the thousands of jobs and economic develop a it is supposed to bring but that's where he got jay-z involve. casey became a minority shareholder of the brooklyn it can also a shareholder of the berkeley center itself. so bruce

of bruce ratner and jeff katzenberg. be back. ♪ >> holiday shopping spirits just got a high-tech makeover. dreamworks animation unveiling a new north whole journey at eight malls across the country today. shelby holliday is joining us from one of those love asians in new york. i do not know if people look at jeff katzenberg and think santa claus, but these exhibits, what are they actually offering here? you to think santa claus. it is basically a high-tech take on the old-school malt santa. reservationsmake online or using cap that eliminates the lines, and then polecome here to the north and are greeted by dreamworks animated characters and are taken through a big experience. they cut -- there are a couple of rooms and a display and their list through the north full. after they go through out all the videogames and interactive .tories, they arrive here it'll santa claus is waiting here. they have wish lists. i am doing great, hello. kids give their internet wishlist. they work like a wedding registry. everything is onli

it is jeff katzenberg and bruce ratner. we will talk about that in a moment. ♪ >> as we have heard from a number of retail ceos, is beginning to look like christmas already. dreamworks animation is teaming up with malls across the nation for a high-tech holiday extravaganza. here is ceo jeffrey katzenberg and one of the unveilings yesterday. on dreamworks history of storytelling and great technology we have developed a dream place with the hopes of creating a unique experience for the entire family which transports guests to a special destination, up north, way up north. >> i want to bring back bruce ratner. also, catherine welch, the head of retail. both of you work with katzenberg at dreamworks to bring dream place to the rigell mall. you saw these places around the country. you called dreamworks and said you wanted to work on this? >> yes, we were the first one. ll is iner at ridge hi westchester county. ifalled dreamworks and asked i could see it. this is the future of retail. you have to create experiences that are dif

what did bruce ratner have to say? >> he is a major donor and supporter of the democratic party.ing his wounds a little bit. he has said time and time again that we should be raising the minimum wage. that income inequality is getting worse in the country. we talk about the fact that four voted to raise the minimum wage in their own territories. this is what he said this raising thet minimum wage. >> if you raise it to $15, that is a very different thing. but things like that have to be done. this are getting to point where we are so divided between the rich and the poor. >> we are talking about small hikes. $8.25 an hour. nothing like the $15 that these minimum wage protesters have called for. >> or even the $10.10 that the administration wants. >> does bruce ratner pay his employees more than the minimum wage? great question. that is determined by the vendors themselves. he talked about how he pays his employees who have developed the construction workers, he wants to pay them and he does, fair wages. was the election on tuesday a mandate for a higher minimum wage? how do econo

. >> you have bruce ratner coming on.of america's most expensive home is for sale, something he can afford. 100 $95 million in beverly hills. i have to be honest, i count only two pools. square feet, 12 bedrooms, and 23 bathrooms. >> it should become a hotel. is coming up.p" ♪ up on monday, steve miller, aig chairman. he also knows about the expense side of corporate restructuring. that is going on across the nation as people adjust for 2015. a perfect time to catch up. on monday.e it is jobs today. scarlet fu and brendan greeley. top headlines. investing in ap chinese online literature platform. they plan to combine their website with $.10 literature. tencent literature. "the wall street journal" says the pay-tv industry contracted last year. customer defections came at all the top cable and satellite tv providers. >> they have a right to give it a try. i do not enjoy sitting here and listen to people live. you have part of my attention. mark zuckerberg took the stage at the company's headquarters yesterday for his first

secretary, alan krueger and a close ear and bruce ratner.ef economist at ubs securities will join me from stamford, connecticut. next, julie hyman crunches the number. willg up, trish regan speak live to les moonves as the 87-year-old broadcaster jumps to online tv. online continues in a moment. line" continues in a moment. ♪ >> what does silicon valley get that other industries do not get? >> it is getting tougher for investors to get out of junk bonds. largely one-way trade to bond. investors facing a hard environment in which to maneuver. lisa abramowicz has been tracking the trend and joins us on such. but that just ended quantitative easing. how are bond investors reacting to all of this? >> a lot more volatility. when you see volatility you want it to move in and out and respond to changing economic data and economic environment. is in the corporate bond market that has swelled so much since 2008, it is getting difficult to maneuver quickly. there are a lot of people holding on to bonds. the biggest banks have pulled back the balance s

two s, which is an issue for a lot of people and for all of us has to be addressed through >> bruce ratnerht after the election said the same thing, that income inequality was on the top of the agenda. >> i think it is educational inequality, not income inequality. of abody should come out primary school with a real education and a chance to show what they can do. dr. richard, hang on because we have some breaking news right now, on the jobs front. out --jobless claims 200,000 jobless claims -- >> this looks like an accurate number. there is nothing unusual in the report, according to the labor department. 290,000 is the number of people who filed for an abundant evidence. that was an increase of 12,000 from the previous week or it it is an bigger than anticipated increase. they were looking for an increase to 280,000 from the prior week's 278,000. in terms of market impact, we are looking at futures paring some of their advance. positive, just barely. .1 s&p clinging to a gain of of 1%. >> thank you so much, scarlet, for the breaking news. we are going to stay on politics with the leading

and he also partnered with bruce ratner who was a real estate developer in new york city. and he saw where the berkeley center says. and he saw an opportunity to build luxury apartments. but the problem was that these apartments that he wanted to build were sitting on land that was owned by other people. and so he decided to say, how can we do this so i can build my luxury apartments, one way you can do it if you do use of eminent domain and unfortunately for him you cannot use this to kick people off the property. but what did he decide to do? welcome you could use it to have businesses relocate if you have a public good that includes escorting [inaudible] because of all the thousands of jobs they're supposed to bring. so that is where he got jay-z involved. he became a minority shareholder of the nets and also of the center itself. so he got his luxury apartment which is still ongoing and he helped to bring the brooklyn nets to brooklyn and new yorkers were able to offer $760 billion in government subsidies to help two build this monstrosity which is then name, the rusty

he also partnered with bruce ratner. bruce ratner was a real-estate developer, he saw where the barkley center sits, this new stadium. he saw opportunity to build luxury apartments. the problem was these luxury apartments were sitting on land owned by other people. it was their property. so how can you get these individuals off the land so i can build my luxury apartment? one way was through the use of eminent domain. you can't use eminent domain to kick people off their property for luxury apartments. what did he do? you could use eminent domain to kick people off their land and have businesses relocate if you have a public good that includes the sporting arena. all the thousands of jobs and deployment is supposed to bring, jasey became a minority shareholder, and the barkley center itself. bruce ratner got luxury apartment that nestle on going and under construction. jasey helped bring the brooklyn nets to brooklyn and new yorkers were able to offer $750 million in government subsidies to help build this monstrosity wh

he also partnered with a guy named bruce ratner. bruce ratner was a real estate developer in new york city. now, he saw where the berkeley center sits, this new stadium, an opportunity to build luxury apartments. the problem was that these luxury apartments he wanted to build were sitting on land that was owned by other people. it was their property. so he decides, how can can we get these individuals off their land? well, one way was through the use of eminent domain. unfortunately you can't use eminent domain to kick people off of there property for luxury apartments. you could use eminent domain if you have a public good that includes a sporting arena. of all the thousands of jobs and economic development. that is where he got jay-z involved. he became a minority shareholder of the brooklyn nets and the berkeley center itself. so he got his luxury apartments that are still ongoing and under construction. jay-z helped bring the brooklyn nets to brooklyn, and new yorkers were able to offer $760 million in government subsidies to he