and gerhart will have the business news in 60 seconds. brent: take her aircraft and fighting the jihadist in serious combat missions. negotiations aimed at getting a new deal to tackle climate change. a part of today's focus, it can happen quickly enough. threatening the ability to feed. >> climate change is hitting this part of the world particularly hard. the dry spells have become longer. the impact on small farms is immense. they can no longer feed their families. many are compelled to flee their homeland. millions of people have become climate refugees, not only in africa. >> it is critical for all humanity because climate change effects all of us. rich, poor, large and small countries. and all regions of the world. there is no greater evidence of the impact than the sahara desert. and the shrinking. >> it has shrunk drastically. delegates are quick to point out that their countries were not part of the process that has led to global climate change. >> the least commit or of greenhouse gases in the world now suffers from climate chang

it is time now for business news. as 2015 draws to a close, and we're looking back at how the corporate world has fared this year. >> especially with the business of mergers and acquisitions. m&a activity top $5 trillion for the worst time ever this year. that increase was driven by megamergers, a total of 67 deals, each worth $10 billion or more. for more on this we go to our market analyst in london. thank you for speaking to us. what happened to this year? we had a series of drivers for this big move in m&a. time of texan versions -- tax in versions to read on missile funds. we also had easing by central banks, meaning that they had the ability to borrow. commodities, food groups were another big area. very good year for companies looking to buy other farms. >> do you expect to see more of the same in 2016? what regions should we keep an eye on? >> big areas will be the pharmaceutical sector. the bigger firms are looking to buy the smaller ones. also in a while, despite the drop in oil prices, the really big firms

kyoko, nhk world. >>> that's it for business news. i'll leave you with the markets. >>> you're watching nhk world's "newsline" coming to you live from tokyo. our weather desk joins us with this hour's update starting with conditions in the philippines. >> it's official, at least three people have been killed since the storm and millions are without power. typhoon melor made landfall yesterday but still a typhoon and causing lots of rainfall in many parts of the philippines. it has dropped about 190 millimeters of rainfall in just 24 hours. that's more than a month of rain for december. we have some pictures coming out of southeastern luzon to show you the situation on monday. typhoon melor battled the philippines monday kicking up rough surf with powerful winds. the strong system had winds up to 185 kilometers per hour in the center. high storm surges on the various islands. schools were shut down and officials suspended fishing and ferry services in the central region of the country. now the center of the system is making its way tow

time for the bloomberg business flash. a newurvey finds business economists slightly less bullish about prospects for economic growth next year. is a growthforecast of 2.4% next year, down slightly from its september survey, however they expect the jobs market to continue strengthening, with unemployment dropping next year. it stands at 5%. ge abandoning plans to sell its appliances to electrolux. the deal was estimated at $3.3 billion and the move comes during a legal battle to get the acquisition approved by regulators. the justice department saying the deal was bad for consumers and that the public was well served by the antitrust case. you can always get more business news at bloomberg.com. i want to have back to our markets desk where ramy inocencio is looking at some of the company movers. it seems like we are all kind of affected by chipotle. ramy: i think most of us are. i am not a big fan, i am not sure if i'm allowed to say that. betty: you are a healthy guy. ramy: investors are not happy with what is happening with ch

it is time to take a look at the biggest business stories in the news. make its self driving car unit a stand-alone business next year, according to a person briefed on the strategies. the car will fall under the alphabet corporate umbrella and will be used in right to hire services. bats has filed for another ipo and the list it's shares on his own exchange. amazon is warning british customers that the hoverboards they are selling may be unsafe. they say some are unsafe because they have a noncompliant u.k. plug that could explode or catch fire. customers should return them to a recycling center. basically discarding them. you can always get more business news at >> thank you. -- at bloomberg.com. let's get a check on the movers today with ramy inocencio. ramy: let's talk about some of the gators right now. let's go to retail. 1.7%. rising haveis because they increased the low end of its 2016 earnings guidance and is raising the dividend by 21%. they added pharmacy operations s, and otherhome services inside target stores. honeywell having a great day t

a weekly look at the most important business news from around the world. here's a look back at the top headlines. >> just announced, high-yield credit fund lucent is shutting down. he is going to return the $900 million they got under management. just last week we heard about the distressed fund, stone lion, we heard about 3rd avenue, the mutual fund putting the gates up. what is going on in the high-yield market? >> i will start. this is something a lot of folks have predicted for a few years now. you have more of a retail base in high yield than you used to. flows are more volatile. and so you have some price volatility and liquidity that you did not have illiquidity that you did not have an prior cycles. the volvo role and dodd-frank have affected the high-yield. >> are we mistaken when we blame this on the vocal rule or dodd-frank? >> when you buy high, you are committed to selling low. that will play out again and again and again. i think the volga role has something to do with it. every problem is accentuated because you do not have people fitting as

politics and foreign wars, all the weather all the scores that's the world news polka business news from tokyo, stuff you saw on koppel's show that's the world news polka it's late at night you're wide awake and you're not wearing pants so grab your "world news now" mug and everybody dance hey have some fun be a pal every anchor guy and gal do the world news polka who cares what the network thinks or the sponsors too cops here's all you have to do when they yell it's half past 3:00 tell them hey, it's news to me, that's the world news polka. stuck here on the overnight but that's okay because when he comes down the chimney we say hi to santa claus hope he brings just one gift get us off this midnight shift that's the world news polka do the world news polka >>> settle down ourndunder the mistletoe with a look at impressive performances to help you bring in the merriment of the season. it's the stellar tribute to the holidays with performances by yeo lane da adams, brans allen, shirley cesar, kirk franklin, jermaine hawkins, jonathan

how hasbro snatched the lucrative disney doll business from mattel. newefn apple plus operating officer and what it means for the world's most valuable company. and hoover is probably headed for an ipo but the senior vp for businesses don't hold your breath. is probably headed for an ipo. ♪ david: welcome back to bloomberg markets. time now for the bloomberg business flash -- a look at some of the biggest business news in this -- in the news right now. three weeks after being arrested and connection to a corruption probe in a brazil, the former executive officer must remain at home until he finds a new job. a big deal in the cosmetics industry -- cerberus capital management is buying 80% of avon 's business and will take a 17% stake in avon. egglessany that makes mayonnaise says it can keep the products name. they will change the label to -- satisfyorers consumers. you can get more business days at bloomberg.com. stocks well off session lows but still firmly in the red following the best three-day rally since october. julie hyman has today's spider sector

time for a look at some of the biggest business stories in the news right now. g deal in the consumer products business today. point -- $53.4 billion in cash and stocks. strong portfolios of leading brands that are number one and number two in the category. portfolio isbrand quite concentrated, with the top 30 brands delivering about 80% allows usenue which to focus investment quite easily. they have brands such as yankee candles. a deal will be shot down by regulators. in an exclusive interview with erik schatzker, he sat down with canadian specific -- canadian pacific ceo harrison on bloomberg. >> we are not in love with the deal. things can go wrong with that spirit we cannot lose sight of who we are representing here. and that -- that is the shareholders. brendan: he called the new offer grossly inadequate. samsung is revealing to the supreme court a $399 million judgment at the look of apple iphones. courtst time the supreme heard cases on the patent, it was the late 1800s. a more always get business news at bloomberg.com. south african rand is on the last w

it can always get more business news at bloomberg.com. ynihan's job on the line, today he got some much-needed news. they passed the annual stress tests after recent meeting the capital plan. it also submit regulars to .mprove internal controls stock owners are also happy to hear the news. it passed, but not exactly with flying colors. >> think of this as a remedial exam. all the rest of the competitors, jp morgan, wells fargo, passed back in march. ,t is risk modeling its data correct for the federal reserve. the federal reserve today said, will you give them a thumbs up? however, the company still has to improve on its risk next.ment up to the i have not yet seen that. that is the next round and i have not seen that kind of measuring. so you pass but you still have to study hard. a penalty haveh been for bank of america if they had not passed this test? >> it would have been a disaster. they would not have been able to increase dividends. a nickel.dend is only people are suffering. people own this stock. it used to be a high dividend pay

that is good news for the auto business.pect going forward that the rates will rise gradually. we don't see a huge impact. when you look at the auto industry and look at the age of the vehicles out there and combine that with the state of the labor market, we think that is a great recipe for continuing to support healthy industry level cells. -- sales. david: stay tuned. an exclusive interview with canada's largest bank coming up. ♪ >> welcome back to bloomberg markets. time for the bloomberg business flash. shire in takeover talks with baxalta, making progress towards a deal. shire said to be improving and offered that would include a significant cash component. sales were 2.4% lower in november. by paula fromit the mission's cheating scandal that are up in mid-september. fallout from the emissions cheating scandal. overmillion bonus, just $11 million in stock options, performance shares and he alsoed stock unit -- collected a $1 million salary. you can get more bloomberg business news at bloomberg.com. stocks moving on ana

business partners invest in your business and new orleans invests in my business.h people on the street, in the community, my friends, the businesses here. i mean, they want me to succeed. and you know, and in ways that are beyond just capital investments. >>> time to answer some of your business questions. let's get our board of directors in to help us out. aimy is the editor-in-chief at entrepreneur magazine, and serial entrepreneur jen grubber the founder of the lifestyle brand empowered by jen grubber. thanks for being here. our first question is about getting your products to your customers. >> we've been doing all self distribution, at what point should we look to go to a distributor? how much should we be paying for their services? >> i'm going to have you start. i know you have created products like the butler bag. how does he decide? >> well, i think the key question is, if you took that same amount of time and effort that you're putting toward packing boxes and shipping and all of the distribution challenges that are in front of you, and use that same eff

you can always get more business news at bloomberg.com.he roads,problem on and it is not self driving cars. it turns out human beings are the problem, and they are slamming into driverless cars at twice the rate of regular cars. i want to bring in keith not in. his story is one of the most read on the terminal. he is with us from detroit. what exactly is the problem, what have they found, that these cars are involved in more accidents than those driven by .eople keith: that's right. driverless cars follow the law, which all of the scene do not do. they drive the speed limit, and many people are driving into the back of them. on the new jersey turnpike, that would be an interesting case study. does that mean that researchers now have to think about factoring in breaking the law in these driverless cars? debate.hat is the should they make the cars behave more human, which is breaking the law to keep up with the rest of us scofflaws on the highway? it is a tough debate because once you let them break the rules a little bit, how far do you go?

you can get more business news at bloomberg.com.n by the fed, nouriel roubini says the labor market might be pointing to a rate hike, but there is no sign of inflation. he spoke about this with tom keene and dubai. roubini: the market is improving, unemployment rates may be close to the structural and therefore some acceleration of wage growth acceleration could occur. economic growth is close to potential. on the other side, inflation is still too low. wage growth is dynamic. the appreciation of the dollar inuces prices and a leg down oil and commodity prices. that's the dilemma the fed is facing. liberal markets would suggest it is time to start hiking but there's no sign of the inflation in the economy. tom: long ago and far away, you studied with jeffrey sachs. did inre any study you your academic that suggested a central bank and get out in front of events, or by definition, is any central bank a reactive touche in? being: some can be close to reactive. one of the things right now is symmetry. suppose they move too fast, too so

♪ politics and foreign wars, all the weather all the scores ♪ ♪ that's the world news polka ♪ business newstuff you saw on koppel's show ♪ ♪ that's the world news polka ♪ it's late at night you're wide awake and you're not wearing pants ♪ ♪ so grab your "world news now" mug and everybody dance hey ♪ ♪ have some fun be a pal every anchor guy and gal do the world news polka ♪ ♪ who cares what the network thinks or the sponsors too ♪ ♪ and if your neighbors call the cops here's all you have to do ♪ ♪ when they yell it's half past 3:00 tell them hey, it's nuts to >>, news to me, that's the world news polka. ♪ stuck here on the overnight but that's okay because when he comes down the chimney ♪ ♪ we say hi to santa claus ♪ hope he brings just one gift get us off this midnight shift ♪ ♪ that's the world news polka ♪ do the world news polka >>> this morning on "world news now," the christmas disaster in the south. after deadly tornadoes take a heartbreaking toll, the holiday clean-up and the snowstorm that could delay travelers. >> shopping center gunfire. the second shooting incident this week sca

akiko okamoto, nhk world. >> that's it for business news.'ll leave you now with the markets. >>> the winner's of this year's nobel peace prize have called for dialogue for bring an end to conflicts in syria and elsewhere. representatives it at th tunisian quartette met wednesday. the quartet is made up of members of labor unions, lawys, business sector and human rights group. >> i want to say to people everywhere we can for peace. the only way -- to resolve world problems. >> other representatives said conflicts can not be resolved by weapons which merely lead to destruction. and dialogue is the only way forward in syria and libya. the norwegian nobel committee awarded the squatette peace prize for its role. s it in 2015 were it was the arab spring uprising two years earlier. the award ceremony will take play at oslo's city hall on thursday. >>> politicians and activists in washington are urging beijing to release a peace prize laureate. lawmakers in the u.s. house and human rights activistsade the appeal for hew's freedom. he was sentenced

you can always get more business news at bloomberg.com. ares of trading down today and dupont after they agreed to merge in a $130 billion transaction, the ceo of dow chemical will be the new dupont's ceo will be the chairman of both. >> both of our companies we have known for a long time strategically fit together. it just so happened our stocks are basically trading on top of each other from the market cap standpoint. we could do a tax efficient transaction to our shareholders by merging first, capturing all the synergies, and doing a three-way split up. it is efficient from that standpoint. guest we're back with our . shares are down right now. why is that? >> you have to bear in mind first of all it is a down day today. shares rallied this week. there is some slight disappointment expressed by analysts but there has been some disappointment. people are saying there could be more and there is transaction risk. this deal is complicated. the merger itself could be completed late next year. aboutompanies are talking 24 months after that bef

you can always get more business news at bloomberg.com.'s turn our attention to south africa now. mark: let's get it on. what a day at what a couple of days. earlier, the biggest rise in almost seven years, rally today after news broke and they minister, as finance the second change in less than a week. ,s this the latest development enough to restore confidence in the company? uncovering the story from johannes are, a very good day to you. do investors have faith? he has to on the job before, hasn't he? >> yes, he has done the job before. good to -- good day to you. he has deftly done the job before. this is familiar territory. of five years up until may 2014. economy to the first recession in 17 years, that was in 2008. definitely a familiar face to the markets. we have seen it rally today, leading gains among major and emerging currencies, up 6% against the dollar today. also closing positive, two days of losses. mark: this has been a humiliating five days for the president. can he recover from this? >> yes, a humiliating couple of days

you can always get more business news at bloomberg.com.l ahead, stocks are lower the choppy session today. next, we will take a look at options, including a trade involving amazon. betty: welcome back to bloomberg markets. david is standing by with today's options. david: kevin, we have been talking about the volatility all day in the stock market and the oil market. kevin: we have been all over marketvergence from leadership, how oil and energy has been impacting overall s&p 500. youn the options market, see a lot of traders hedge their s&p 500 exposure. you've got a potential rate hike , so that has financials and it as well as oil, which is impacting the energy sector. the nasdaq 100 market, you are not seeing that hedging. you are seeing bullish bets. that is where the market leadership is. just like how amazon, facebook, netflix, the real leaders and have pushed the market up. vix having a good day but not anywhere near the story ties. kevin: a lot of people are starting to hedge going out into january in the s&p 500. tracks --t thevi

now look at some of the biggest business stories in the news right now.oil divert cash markets. threatening its investment-grade ratings. the shares have plunged as much as 14%. kindergarten has been the in the pipeline operator s&p. the company expects to generate $5 billion in cash flow that would be sufficient to support the dividend increase. morgan stanley has started cutting its fixed income business in london. the investment management firm is looking to scale back global operations and it is planning reduction of a quarter of its fixed income staff. they have struggled through years of insufficient returns. cut the credit grade two jump and further cuts could be on the way. moody's lowered their credit grade. the downgrades reflect concern that they will struggle to keep enough cash on hand men -- and maintain its franchise following the arrest of its founder. you can always get more business news at bloomberg.com. today's jobs report showed u.s. by --ls rising by 211,000 in november, better than most estimates. moment el-erian joined me and mark

you can always get more business news at bloomberg.com. rks have been selling off a second straight day following the fed's first rate hike in nearly 10 years. senior market correspondent julie hyman standing by. is john forng me rhees.- vo i am looking at the major averages falling to the lows of the session. we have seen them bouncing along at the lows all day. it is a quadruple witching day. how are you saying that play out so far? john: absolutely. it has been a spooky week with the fed, with the announcement on wednesday, the hike of way five basis points and the quadruple witching today on friday. the real theme is more volatility returning to the market. and continued momentum to the downside at least in the beginning. there is a lot of headline risk right now. you have turmoil in the middle east, russia, turkey, etc. there is a lot of uneasiness in the market and that is where you see volatility creeping back up. that being said because of that i want to be a buyer of premium. long volatility, long option. you are looking at the rus

you can get more business news at bloomberg.com.n a rally mode with energy leading the way. how about some of the individual movers? we have more on today's spider sector report. energy is powering higher j. exxon shares up by 4.5%. this is the highest since the start of the month and happening as the price of oil rises today and after house democrats say they are open to lifting the oil export ban. chevron is the second against gainer. what's look at those shares, up a little more than 4%. still negative for the year. a third oft about its value since the start of 2015. 2%,iburton is up by about despite the department of justice not being satisfied with the company's plan to buy baker hughes. says itice department may delay decision until 2016 hasbaker huge's -- acre use recovered from a brief halt in trade. this was delayed the cousin of the delay in the merger and today, we are seeing the first gain in four days. you very much. coming up, apple opens a secret production lab in taiwan. we will tell you what they are working on, ne

get more business news at bloomberg.com. the markets desk where julie hyman has a check on industrials, really lagging the rally today. julie: we can blame it today specifically on bank of america, which downgraded these stocks. notches to $90. he says the truck market in the u.s. is weakening even faster than expected. analyst, that there will be a 17% decline in next year's north american class a production. that's one of the types of tracks that they make. referring to analysis by a currency strategist at bank of america, that he sees the remember currencyg -- wer declining in 2016. the global coal and industrial metal outlook is "as bleak as ever" according to an analyst. a couple of interesting charts from bloomberg intelligence on construction equipment and machinery makers. value, at the enterprise we are looking at caterpillar and orange, other construction makers and equipment makers here in the u.s. in white. large discount because machinery makers have underperformed this year. alix: interesting, especially becaus

new york. let's focus on the business flashes of the day. -- betty liu is in new york. that's right.he omissions scandal has rocked volkswagen sales in the u.s. vw of america sales dropped 20% in november. they are offering large models.s on and shares were lower in the german trade. -- according to nikkei, nissan wants to weaken the french government's influence over the alliance. nissan is saying its board has taken up a number of issues, including a deal with renault. and sandwich chain jimmie johnson up the going public. the ceo says he spent two years speaking to bankers and they are not ready. you can always get more business news at bloomberg.com. mark, i know that you have big across the u.k., and that is stress test results. big: a big day for banks, a day for lenders. check out the chart. interestingly, standard dip right at the close. shares were up 8%, finished down. these twopanies -- companies were most at risk. they are off the hook on raising additional cash from investors. stephen morris joins us now. what does that tell us, the fact ast standard was up as much 2.8%

fox business news debate, risen in the polls qualify him for the main stage.ebate way 8:30 p.m. moderated by. >> the pleasure of being invited. a special little guy with me pinnacle vodka presents the naughty list hot chocolate. ♪ unwrap something delightful with pinnacle vodka. the only vodka with over 40 playful flavors. ♪ bill: my daughter elizabeth back from london, picked her up on saturday. happy to have her back. i'm sitting waiting for her to come out. there's a bag right there. somebody reported the bag unattended. two minutes later one of the employees came over. and then about 20 minutes later a cop can. ♪ >> written in 1985 and made into a blockbuster movie. i had the pleasure of being invited by our good friend of the delaware river to go to phillipsburg and experience their version of the polar express, truly once-in-a-lifetime experience. and a special old guy with me. six months old. his 1st christmas. one to give him the experience as well. rated to go. we got our tickets, headed down the hill. >> ready? >> and there it was. ran into the engin

sarah: we will head the business news. on a day like today, it is great to hear about some people out there trying to make the world a better place. >> this is news about mark zuckerberg who has given the world a major status update. he has pledged to give away 99% of the shares he and his wife have in the company. he is not giving it all out at once. it will be a more complicated process stretched out over many years. they did it because they are the proud parents of a newborn baby daughter and this of the world has to become a better place. >> mark zuckerberg published an open letter to his recently born daughter. it was one sentence in particular which made headline news. 99% of his facebook shares would go towards charitable causes. that's a fortune totaling $45 billion. accompanying the letter was a video recorded shortly before his daughter was born. >> you will not be perfect at it the first time. science, health, community building. we will learn lessons over and hopefully get better. >> he will donate gradually ove

it also means giving new life to old deserted businesses. atherine takes a look at how they are faring in france. they are made to disappear once again. here in this french town, customers are a lot of new browsing pastors for the test new browsing pastures for the holiday season. >> 11 different artists and designers are selling their work in this store. time helps to divvy up our because it allows us time in the worship to get work done. strength in numbers has paid off. ,he otherwise unbeatable price the project is for sale on the high streets, and many are happy to spend their money here. buyt makes sense for me to things here. to just put more money to big businesses, to help when people are making a living. setting up camp in old deserted businesses, shops can temporarily brave new life -- brees into spaces. let's move on to the top story in china because the anticorruption watchdog is working again, this time targeting the head of the state run mobile operator. authorities say he is accused of serious disciplinary violations. he is the

catherine: time to move on now with some business news with kate moody. hi, catherine.atherine: the federal reserve has raised its interest rate. ate: for the first time since means the, which american economy is approaching a return to normal conditions. it is an end to an extraordinary seven-year period. the fed brought the rate down to t in a move toen get the economy moving. to 0.25% to 0% 0.25% to 0.5% does not sound like much, but we expect to see a series of gradual increases over the next year. janet yellen says the bank wants to avoid an abrupt tightening and will continue to adapt to economic conditions. >> the importance of our initial increase in the target range for the federal funds rate should not be overstated. increase, theay's stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2% inflation. as we indicated in our statement, the committee expects that economic conditions will involve in a manner that will in ant -- will evolve manner that will warrant only gradual increases

a weekly look at the most important business news, analysis, interviews from around the world.hile the most dramatic were about the federal reserve, interest rates were not the most important story that we covered this week. a look at the top headlines. announced, losing capital partners and shutting down. this has liquidated its entire portfolio. they returned $900 million under management. we heard about the distress fund. we heard about 3rd avenue. gentlemen, what is going on in the market? something a lot of people have predicted for a few years now. baseave more of a retail and high-yield venue used to. flows are more volatile. you have some price volatility and ill liquidity that he did not have an prior cycles when there was more bank involvement in trading. dodd-frank has really affected the high-yield market. we will see more of this. >> are we overstating things that we blame this on dodd-frank? nobody wants to buy bad bonds in a good or bad market. >> when you buy the high you are committed to selling low. that will play out again and again. i think it has something

you can get more business news at bloomberg.com. w is get a check on some movers in the tech space. ramy: we're going to kick it off with amazon and microsoft. those in the green today and it's good news for the companies themselves after the supreme court decided to side with the two tech giants about patents. they are leading to appellate court decisions stand. looking at the stock movement right now, amazon is up 1.3% and microsoft is up a little more than 1%. gopro shares are headed the other way. morgan stanley has downgraded the stock to underweight from equal weight and is cutting the price target by half. turns out shares have been tanking all year. shares are also on the downward trend. thething happening here is company is thinking about separating its chip and licensing business. qualcomm shares have been andring near five-year lows it has been facing antitrust charges weighing down the stock. 3rd avenue and now stone bond funds are falling to the wayside. is there enough investor confidence to pull it through? lisa abramo

wars reunited for episode seven the force awakens. >> suzanne marquez, for cbs-3, "eyewitness news". >>> busyear. coming up in the next hour of "eyewitness news", we go back to texas for live look at the damage left behind from several deadly tornados. >> then, imagine stepping off an airplane, to this? we'll tell but one major airport's major milestone. >> and live look at center city from the cbs-3 studios, for a big cool down if you like the heat the last couple of days. got bad news for you. katie has winter weather advisory for one area. katie has your forecast when we come right back. [slow, building african-style music] it's the little moments. that make the biggest waves. kalahari resorts & conventions. the world's coolest indoor waterparks. now open in the pocono mountains. start exploring at kalahariresorts.com >> good morning, utter devestation, residents in texas left to pick up the pieces after deadly tornados tear through the south. that's not the only wild weather hitting lone star state either. here in our area, temperatures are tumbling. it will feel a lot more like winter ou

you can knows get more business news at bloomberg.com. as we were talking about in our last segment, the commodities area has been extremely volatile. affecting central banks and currency markets. and oil has been the biggest mover here. mark: crew today tumbling to its lowest levels since 2008. opec's decision to scrap reduction targets causing a ripple in the market. let's bring in will kennedy at bloomberg news. surplusd the global oil will persist into late next year as demand slows and neck -- opec maximizes production. that me low oil is here to stay? 1.5 milliongot barrels coming onto the market looking for summer to be stored in a day. that's adding to record surpluses and stockpiles. it will take a long time to exit that. mark: opec measures are having some effect. they said we've seen the biggest drop in non-opec supply since 1992. iranyou got the likes of coming back on stream. everything is against opec right now. will: signs of the saudi policy is working. the biggest oil producers have taken a big axe. conoco, chevron. in ti

business headlines. yahoo! shares are up on news that it could sell its core internet business. that's according to "the wall street journal." the company's board is looking at spinning off more than $30 billion in shares. yahoo! buyers -- yahoo! shares have fallen more than 30% this year, but they are up over 5% today. there are criticisms over crackdowns on uber. the watchdog agency said t hat with uber, there would be more choice. are -- an investigation is poised to begin into mcdonald's taxes. starbucks and fiat chrysler had been ordered to repay millions of unfair tax subsidies. catherine: let's move across to latin america now. we are talking about the president of venezuela. he has threatened to jail the local managers of food company heinz. william: there's not a lot of information about this now. nicolas maduro is drumming up support ahead of parliamentary elections by cracking down on private businesses, which is coming during an economic crisis. he made the warning after he says he received complaints from workers at the plant. here is nicolas maduro speaking on vene

new multimedia company uninterrupted. attract more partners. the company also has to deal with facebook. more businesset news at bloomberg.com. let's head back to the markets desk. let it start with railroads. credit suisse global industrial conference, which executives for companies,ortation are speaking to one of them. csx says the earnings-per-share growth will be at about 3%. midst --ower than the mid single-digit growth. a slowdown in the domestic coal. this has been an issue dogging these types of companies to become a says domestic coal movements will be down more than expected in the fourth quarter. moving 30 million tons of exported coal for the full year. others are also falling. making similar comments saying the december volume will follow the pattern and because of that, fourth-quarter numbers will miss the utility of forecasts it had given by one million to 2 million tons. one of the reactions to the warmer than seasonal weather for this time of year has been that there is less demand for not only things like natural gas but coal as well. you are seeing a lot of the railroads today. on t

a weekly look at the most important business news, analysis, interviews from around the world.hile the most dramatic storylines were about the federal reserve, interest rates were not the most important story that we covered this week. a look at the top headlines. >> just announced, losing capital partners and shutting down. this has liquidated its entire portfolio. they returned $900 million under management. we heard about the distress fund. we heard about 3rd avenue. gentlemen, what is going on in the market? >> this is something a lot of people have predicted for a few years now. you have more of a retail base and high-yield venue used to. flows are more volatile. you have some price volatility and ill liquidity that he did not have an prior cycles when there was more bank involvement in trading. dodd-frank has really affected the high-yield market. we will see more of this. >> are we overstating things that we blame this on dodd-frank? nobody wants to buy bad bonds in a good or bad market. >> when you buy the high you are committed to selling low. that will play out again

thank you. >>> coming up tonight on this busy news night. >> don't forget some of our own foreign policy have fueled that extremist. >> the cair l.a. director bla blaming america for fueling terrorism inflammatory when is this madness going to stop. later tonight? >> they were actually doing work in this garage and she was kind of suspicious and was -- wanted me to report it but said she didn't want to profile. >> the neighbor of the terrorist didn't say anything about the san bernardino suspects to police. why? for fear they would say they were being racially profiled. we'll check in with reaction as "h >>> welcome back to "hannity", during a recent interview, the head of islamic relations made outrageous remarks blaming americans. >> don't forget as we speak today, isis has killed 95% are muslims themselves. at the forefront of fighting isis are brave syrian people fighting on both fronts. so we should give credit when credit is due. we actually have left the syrian people and fight and battle with isis and we complain and say what are the muslim people doing to root out terrorism and

entrepreneurs find it hard to get loans from banks to fund new businesses. the stock exchange plans to start by accepting requests from six companies for listing and begin trans,s as early as february. >>> here's a look at se of the other business stories we're following. >>> a group of japanese firms is teaming up with a brazilian rail company. they'll build and operate urban transit systems in time for the rio olympics next year. the japanese companies will spend up to $280 million for a 40% stake in the new firm. they'll be in charge of repairs and operations of urban railways, subways and light rail transit systems in three cities. india wants to buy japanese nuclear technology to cope with a serious shortage of electric power. japan is willing to help. japanese prime minister shinzo abe will sit down with narendra modi during his visit friday through sunday. talks are in the final stages but they want india to promise spent nuclear fuel won't be used to make nuclear weapons. >>> that's it for business news. i'll leave you with the markets. >>> the japan

so my question is, how do you set a system that can help you go out of the city and expand your business, new locations, training people, hiring and all that? >> i have a recommendation. you need go out and read the -- it's all about creating systems in your business. i think if you have that very clear system down where everybody know what is it is they are supposed to be doing and has the accountability, that is going to help you. the other thing i think you need to do is make sure that when you are delegating that you are not abdicating. just because you have somebody out of state doesn't mean you can't visit them. doesn't mean you can't leverage technology to have a skype chat or something like that where you are staying on top of what's going on. i think having the strong systems, maybe having the people from out of state train with you, you going there from time to time and checking in, is part of the way that you get there. >> or taking somebody who has been working with you, right, and move them so they have been in your culture and know what your company does. >> right. you don't wan

the other new business is in logistics. the company delivers cold storage and frozen foods, like ice cream and imported beef. those foods are gaining in popularity at restaurants and cafes as incomes rise and the number of visitors to myanmar increases. >> translator: it's very hot in myanmar, so i like cold sweets. >> reporter: japanese are supplying the latest technology in inventory management. products have to be stored at the right temperature and delivered promptly. a japanese manager also has high hopes for growth in the business. >> translator: more households in yangon will have refrigerators as electricity supply stabilizers over the next two or three years. when people have refrigerators, they will buy cold and frozen food. >> reporter: pondering her own success, win win tint says more women in myanmar should have faith in themselves and take the leadership in business. >> i don't see any issue being a woman doing business. we just have to promote more of that so that we don't become minority. >> reporter: this p

returnsct you can now get your business news 24/seven on bloomberg radio and stations in new york, bostonon. ♪ caro youl are listening to the bloomberg advantage. : we want to talk about visual technology because it plays a big role in some of today's biggest companies. our next guest knows them awful lot about that. he is the managing director at ldb capital and joins us on the phone along with our bloomberg contributor. backgroundabout your and what has come across you as you play them as venture capital world. >> i'm happy to be here, thank you for the invitation. . i invest in visual technologies my kids started at 13 years old and i have been a photo editor and photo buyer and build for visual technology businesses. thing abouting visual technology which is anything that interacts in and around images and video is that i believe it's revolutionizing business and humanity. for example, autonomous driving cars would not be able to drive autonomously unless they were leveraging visual laser technology or visual imaging capture to propel the cars. another couple of examples -- computer v

. >> an alliance of new boycott of trump's assets, properties, and businesses. i chased this to logan township city hall where i met with mayor meinert, surrounded by two other mayors from pens berlin paulsboro, and they basically have created this movement where they want people to stop financing some campaign. >> a self financeda self financed candidate. anything, any contribution that he takes and from people like you and i are being used to finance his campaign. i think we should cut that off. encouraging people to stop buying his prior to stop supporting him and cut off the funding. >> what is this new jersey black mayors alliance? >> we just need to have a voice. being heard. >> i asked him to explain more about this national ban what is the issue? >> doing right now is more or less a crime. in one of my biggest things is that is trying to bring it back. we don't want do this all over again. >> insult a lot of people. women, men, the disabled. whatwhat is it about the black community that affects in the most? >> i think he is assaulting a whole range of pe

here is a look at some of the other business news that we're following. >>> japanese officials say that the jobless rate went up in 23015. they say that the racial jobs was at 1.25 and that means 125 job openings for every job seek er. >>> japan says that the production increased seven and a half percent and it marks the second straight month and it's a gain to exports and mainly to the u.s. sales in japan fell due to the tax hike in april. >>> information technology is in and standing the environment of smart education. what's creating the new thing for i t companies. >> reporter: students have dropped the textbook for electronic teaching. nearly half of all elementary, middle and high school ers use high-tech devices like this. >> i can can share what i studied with others. that's cool. >> the application is expanding an career and it's creating business opportunities. the robot reads cards carry instructions like move forward or red eyes on. the robot is used for future programming. >> computer program is part of south korea's education from 2018. >> going forward we plan go expand f

you can always get more business news at bloomberg.com.et's get back to one of our big , the slump in commodity prices. we can export data helping to send the bloomberg commodity index to its lowest level since 1999. plunging metal prices are forcing anglo american to take drastic measures, including strip -- scrapping its dividend. ken hoffman joins us now from princeton new jersey. let's talk about what anglo american is doing. i mentioned some layoffs. those were fairly dramatic. onent to focus on priority -- assets, as they call them. what are their priority one assets? ken: let's set the stage first. when it comes to commodities -- and we look at the date all day long -- the plane has landed and it has landed hard and there was debris all over the runway, the shoots are deployed. it is absolutely the hardest of hard landings that has occurred in china. anglo is looking at prices that .re down 60%-70% share prices are down 70%. they are taking drastic action. very much like the gold space. with their thought process is, big picture, is

it is a way to take in an old paradigm business and make it a new paradigm business. >> now that you retail, what do you think of an online basis? i am now in contact on my new business. what i noticed about talking to amazon's they move lightspeed compared it to macy's. they can get a test from design to implementation in 30 days where macy's would take six months. are you taking from that? how are you going to apply that to your own online business? >> what it means is the world of online commerce means that everything has accelerated. i used to love the idea of deferring decisions until the last possible moment. advantages ofthe making quick decisions. >> who's the retailer you most admire right now? >> without question it is apple. >> good to see you. we will see you on tv. much more ahead on bloomberg television. -- for whatwith will be the biggest macro risks. >> welcome to bloomberg markets. from bloomberg world headquarters in new york, here is what we are watching this hour. crude oil starting the final trading week of the year, giving back some of last week's advance. is it

we wanted to pull the brands together. >> it has been able to attract new business by constantly updating and growing. first up, their marketing. the internet open themd up to a new customer base. international ones. >> we realize the ranching and cattle industry and even rodeo is in way more countries than the united states. it might have a bigger presence in some of our areas here but everywhere throughout the united states there are -- throughout the world there is ranching and farming and they have a need for the product. >> the company is constantly on the lookout for the next big thing. >> the roping industry is just like a lot of other industries, it's who is out in front as far as innovation goes, and someone always needs to be looking for the next best thing. steve's always done a good job of trying that, trying inyou things a s venturing out. >> she says that rounding up what the next trend will be isn't an exact science. >> and some of it's going to be great and some terrible and we kind of have to market our way through it. >> what's important is trying in the first place. and

thank you for the business news update. stay tuned. we have more news coming up after a short break on "live from paris." 8úxú 12/31/15 12/31/15 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! >> this picture of a company of thes clearly aware signs, of the emerging science of carbon dioxide research and with the scientist were saying, was largely driven by fossil fuel emissions and were smart enough this could mean some kind of policy response farther down the road. amy:

look at you for that today's business news. it is time now for our press review. we are going to start off with news out of france. we have the second round of elections. >> the front did really well in i. -- in round 1. --y did well because people and it will not because people were voting at a protest, but because they have a really good fan base. national could win the elections in the north and in the south. why do these people want to vote for them? according to the report, a lot of these people feel insecure about unemployment and about national security. they feel that their livelihoods and french identity are under threat. and they feel that the front national will protect them. >> certainly in a desolate important vote for the country. europe is paying great close attention. particularly other antiestablishment parties across europe looking at reports from italy where you have the northern league, for instance, which is very excited about the way things are going and france. a national front victory would put some wind in its sales. but you have other main

. >>> well it has been a busy news day. >> scott joins us live from new york with the preview. >> we are going to have the bernardino and we are going to tell you why they now call it a terrorist attack. also we have a look inside the home of the killers. the fbi turned the home over to the owner and the owner opened it up to reporters today. we will show you around and we will have the rest of the breaking news from this investigation coming up on the cbs evening news in about ten minutes. >> we will see you then. >>> up next to the rescue. tonight i want to snow you a rescue mission in cape cod bay. they discovered a whale that was tangled in a line. it was in fact last seen they said the chances of survival are good. >>> well the lawsuit has been thrown out of court. >> the mayor is trying to figure out his next move. they ruled the commission did not do anything wrong. the mayor has been fighting to stop the casino because he impact on charlestown. >>> well a valuable map that disappeared from the boston been recovered. >> the map stolen by a man convicted of taking valuable maps

news media. they see what we call pre ipo extortion. which means especially among business media to newspapers respecting the website. they will extort the companies who are going to the initial public area on the stock market. >> when the company wants to get listed, they want to provide an area. journalists have access to everything. the good and the bad. >> how does it turn in. they used the negative explanation to threaten the companies. >> the central television page was mostly during the sum of 2014. and more than 10 journalists and executives were arrested and investigation. if the tv is a weird existence, on the other hand it is a state-run central television, but on the other hand, c c.t.v. is highly commercial, and sometimes they will take advantage of the fact that c c.t.v. is state run television. so when the - when they are taking bribes or doing the extortion, they will feel more powerful >>> for china's media there's more than the c.c.d. i and anticorruption campaign to work out for. this year two journalists have been sentenced on charges of obtaining and pu