richard clarida, james sweeney, and carl weinberg.nowhere where global wall street can get that kind of conversation. oil thiskness and -- goldand gold that at 1055 an ounce. stay with us on "bloomberg surveillance." ♪ tom: per rhoda is the anti-yellen. there is no forward giants as -- for the -- this hour, richard clarida, james sweeney, and carl weinberg on the pan's actual progress against deflation. oil cannot find a bid. disney awakened spirit robert eiger listens to harrison ford. jar jar is toast. disney -- will they have the courage to go adult? this is "bloomberg surveillance ," live from our world headquarters in new york at i'm tom keene. the photo will be like a pre-christmas friday. a lot is going on. francine: he admitted in his own news conference that people might find what he has just announced confusing. they announced a new program for exchange traded fund purchases on extended securities. tom: we will see what commodities does as well. 34.80 on west texas. u.s. and russia are leading an international conference in

on bloomberg radio we will talk to carl weinberg.sk him about the .ossibility of a recession you can listen to that on serious xm channel 119. in boston, 1200 a.m. 99.1 fm.gton dc ♪ erik: that is times square as preparations get underway. you could mistake the flashing lights for fireworks, but they aren't going off yet. they will be in 18 hours. merger talks with liberty global. the discussions were initiated. investors have been encouraging the companies to pursue a deal. defaulting on $37 million in bond payments, a fraction of the $1 billion that puerto rico pose at the start of the year. trying to restructure $70 billion. a new year for the u.s. oil industry. loading the first cargo for u.s. crude and 4 decades. a dutch oil trader is buying it. obamaeks ago president signed the law that lifted the export ban. let's keep talking about oil. -- we areintelligence joined once again from our princeton bureau. the last story, the exports are going out today. it is symbolic, but how much will exports play into oil prices and the oil ma

i want to give a shout out to carl weinberg. forget about low commodity prices. to reality is the income effect of declining revenues versus companies to ask. coming up, we have a very special guest for you. benjamin gell -- benjamin dell, next. ♪ francine: this is "bloomberg surveillance." you are watching a bridge looking over st. paul's. tom keene is in new york. let's get straight to the bloomberg business flash. there is caroline. caroline: the price of oil stops giving. prices still near a six-year low, showing the trouble in the oil patch. pipeline company can do morgan is cutting its dividend to save cash. china cut its reference rate to the recent level -- to the weakest level in four years. the founder of north face dies after a kayaking accident in chile. he suffered hypothermia as his boat capsized. he started the outdoor clothing company in the mid-1960's. he was 72. that is the bloomberg business flash. tom: this is a treat. they are not on speaking terms. shop ineway is out of a cambridge. benjamin dell was at sanford and was definitive on asking t