>> from bloomberg will headquarters in new york, i'm mark crumpton. this is "bottom line." -- bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. -- crude oil dropping to a five-year low. shelby holliday tells us why printing -- plunging gas prices are a win-win for costco. peter cook is on capitol hill with new developments in the $1.1 trillion spending bill. those stories and more coming up. let's get you right to the top stories we are following at this hour. stocks are calling for a 30 day in energyoute producers. opec cut its demand forecast. there was a look at the dow jones industrial average at this hour, down 1.25%. showing we are down 1.25%. the nasdaq composite index is down nearly 1.25%. oil prices keep falling and opec made it clear that demand won't be rising anytime soon. cartel could its forecast for 2015 to the lowest level in 12 yea

i am mark crumpton. thanks for staying with us.e and more colleges are doing away with sat scores as a requirement for applicants. places like temple university tos there is a better way evaluate students. why did temple make the decision to do away with sat scores as an admission requirement? >> our mission is to provide access to excellent education to students from all backgrounds. there is emerging data that standardized test differentially impact people from different socioeconomic backgrounds. if we are going to provide access to working class students, lower income students, we want to look at other ways to make a decision. applications are up about 11% from last year at this time and almost a quarter of students did not submit their scores. what do you make of that? >> there are a large number of students who have taken the sat once, twice, three times, and they do not believe it is an accurate measure of their ability to succeed in college. this gives them another path i answering a series of questions on issues, recommend

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines on this tuesday. looks at the senate's report on the cia's and interrogation program. the republican party possible ratings. -- publican party's poll ratings. concerns over venezuelan debt. stocks dropped around the world on concern that tighter lending roles -- rules and china will slow growth. the s&p 500 is seeing a second day of losses and the stocks slid more than 2%. the shanghai composite index plunged more than 5%. larry think remains optimistic. he says the equity markets are cheap and that corporate profits are keeping pace. >> despite this dramatic increase in prices, we are fair value to modestly above fair value today. we are not at the levels we saw in 2000. we are not seeing the same pes where you had true bubbles. >> boeing is cutting production , thes 747 eight jumbo jet third cut announcement in less tha

i am mark crumpton.ou for staying with us. as the season to go shopping. amazon says they are seeing high demand, so much that they are turning to robots to help. they are transporting goods across their warehouses. the more, i am joined by our editor at large, cory johnson, from california. tell us about the new amazon fleet of robots. >> i am not a robot, mark. just to be clear. this is really cool stuff, mark, important in that it is changing the nature of work and who does it. here at the amazon fulfillment center in california, it is much closer to the cities amazon serves come major places such as san francisco, a little more than an hour away, with traffic that is terrible. sacramento, different direction. a different distance. this cold more than all of the amazon distribution or fulfillment centers, as they say, because of these robots. what happens here, unlike the other amazon facilities across the world, amazon will move these giant carts and move them up, 700 pounds at some times, and stash

i'm mark crumpton. thanks for joining me. i will see you tomorrow.at the hour, which means little television is on the market. let's get you caught up on where's talks are currently trading. for the next eight weeks, you can see how the benchmarks are doing. the u.s. stocks fluctuating as the fed kicked off their two-day meeting. a never seen him china, those figures fell. it's very much flat in the session. and let's not forget that oil fallen because of inflation. it hit a new 52-week low this morning before rebounding. joining me today is the sector report with what below $60 a barrel means. by a bloomberg gas analyst. you're the expert. what is the number one thing we need to watch out for in 2015? number one, things, thinking about capital spending -- and e&p's. but that is export and isduction, for anyone who who is not sure. >> right. they will be recalibrating. only talk about this a year from now, we will be talking about forresilient it has been the outlook for 2015. we think that the cost are lower for these companies as they become more e

i"m mark crumpton.zuckerberg sat down for an exclusive interview with emily chang. they discussed internet.org, facebook cause partnership with mobile ship -- mobile company to bring access to everyone. biggestrns out the hurdles are not either technical or affordability, it is the social challenge. the majority of people who are not connected are within range of a network and can afford it, but they don't know why they would want to use the internet. it makes sense if you think about it. if you grew up without a computer, you never use the internet. datameone ask you to buy a plan, your response might be why do i want to use this? >> facebook is a for-profit company, why call this a .org? is this nonprofit, a charity? primarily focused on profits, the most reasonable thing to do would be to focus on the first billion people using our product. the world is not set up equally. the first billion people using facebook have way more money than the rest of the world combined. from a business perspective, it

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street perspective. >> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street perspective. to our viewers here in the united states and those joining us from around the world, welcome. why nbc'srns tells us confirms life events drive tv ratings. is tracking the response to the surprisingly high november jobs are words. and the road ahead for the department of justice in a series of civil rights investigations. now to our top story, and it is the november jobs report. it was the biggest burst of hiring in three years, and the latest sign the u.s. is outperforming other economies route the developed world. experts summed it up in one word -- >> wow. >> my reaction was wow. >> this is probably one of the best years since the 1990's. say onemists always month's numbers do not tell you anything, and that is true, but

mark crumpton, thank you very much. a lot of kids playing with legos.y building new businesses around those legos. the youngest entrepreneur probably ever joins us with his vagal-based product -- lego -based product. next on "bloomberg west." ♪ i'm cory johnson. this is "bloomberg west." shockedyear-old was so when he found out about the cost of braille printers. so he used to some tools to build it a braille printer, reducing the cost from $2000 to $500. intel took notice of this project and invested around for his new company. brago labs. he joins me now, because school is off. only a kid in silicon valley would think, i'm going to turn my legos into a business. this is wonderful. >> first of all, thanks for having me. that is the first braille printer i made back in last december. >> you were in the seventh grade. >> yeah. >> you made this out of legos and stuff from home depot. when did this happen? >> in december, i came back from school and i sat down and did my homework. and then i went to check the mail. i came back in i was looking through the

see you ♪ >> from bloomberg will headquarters in new york, i'm mark crumpton.ttom line." -- bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. -- crude oil dropping to a five-year low. shelby holliday tells us why printing -- plunging gas prices are a win-win for costco.

x from bloomberg world headquarters in new york, i'm prompted -- i'm mark crumpton and this is "bottom line" with a main street perspective. to our viewers here in the united states and those of you joining us around the world, welcome stop -- welcome. willem marx will have a bloomberg special report today, "chasing the scammers in latvia. mia saini has the changes in u.s.-cuba relations and white house correspondent phil mattingly joining me here in new york, following development as the u.s. government prepares to say north korea's behind the cyber attack on sony pictures. click last night, president obama said americans should go to the movie theaters, but behind the scenes at the white house there are serious reverberations about what has been going on with sony. there have been a series of meetings between the president's national security team, law enforcement officials, and intelligence officials as well. that u.s.sion investigators have determined that the north cream government has had a significant role as an actor in the attack on sony. what does that mean? u.s. officials ar

. >> from bloomberg world headquarters in new york, i am mark crumpton.ttom line," the intersection of business and economics with a main street perspective. >> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street perspective. to our viewers here in the united states and those joining us from around the world, welcome. why nbc'srns tells us confirms life events drive tv ratings. juliehy

line" is coming up next and mark crumpton is in new york with a preview.consumers and auto sales finished higher than expected. what is driving consumers into the showrooms and how long will the good times roll? james albertine covers the automotive industry for steeple equity research animal joint me from washington. i will see you in a few moments. >> can't wait for that. are fighting to attract consumers during the holiday season and are battling to get packages to your doorstep the fastest print we talk about how companies are turning to tech to win the shipping wars next. ♪ >> how our e-commerce companies turning to technology to get packages closer and faster to your door? we help businesses ship like amazon so we help them easily integrate the carried -- the carriers like fedex and ups and all the major carriers to their existing infrastructure so they can have a scalable shipping and logistics infrastructure. this is part of ebay that has the same services but of also incorporated warehouses for online retailers. how is what you do different? it's

not a good one for sony to be dealing with right now. , with mark crumpton, coming up at the top of thet have you got for us today? is a big rebound in oil on this monday. crude futures advance for the lowest level in more than five years following a failure last week to curb reduction. how will this impact the outlook for oil and what will it mean for consumers? will give us her take and i will see what a few minutes. back to you in san francisco. >> we will see you soon. still ahead, amazon is using thousands of robots to meet demand of online orders in the hot -- in the shopping season. we will show you how it works next. ♪ >> for many online retailers, cyber monday is likely to be the peak shopping of the year. rolling out a new robot army. cory johnson spoke earlier with one of the amazon executives behind the massive logistics challenge and amazon fulfillment center in tracy, california. for all ofsponsible this stuff, not just in this fulfillment, but all of them. these operations are dramatically changed by the robots. to you, it is amazing to watch when the things disappear the

i am mark crumpton. ticket in town tonight is that the annual .ictoria's secret fashion show the catwalk extravaganza has come to london. bloomberg caught up with the stars of the show and found out what it takes to walk the victoria's secret runway. ♪ >> i was very lucky to have a chance. the biggest thing is luck. >> we have to work a lot not only with looks, but you have to be healthy all year long. workouts, show, my what i had been eating. to feel my best. >> to realize it really opens the door for you with different jobs, and you were working the streets around the world. it takes a whole lot of confidence. able tolth and being take care of yourself and be strong. >> i wonder what matt miller would say if he were up here with me. a slide today after monday's rally fizzled. it is one of the big stories coming up at the top of the hour on street smart. i was telling su keenan at the bottom of the hour. >> i was laughing at the taciturn you had to make. victoria's secret angles to oil prices. oil, we

>> from bloomberg world headquarters in midtown manhattan, i am matt miller, in for mark crumpton. this is "bottom line," the this this andf economics with a mainstream perspective. to our viewers in the united states and those of you joining us from around the world, we have full coverage of the stocks in stories making headlines. senior markets corresponded julie hyman with the price war over the hottest toys on the market. peter cook monitors another deadline for obamacare enrollment. and we begin with shelby holliday. it was a dramatic ended to a hostage situation in sydney, australia. >> australian police confirmed that three are dead and 4 injured after the 16-hour siege in downtown sydney. the victims included 2 hostages, 38-year-old man in a 38-year-old woman. and the gun man, a 50-year-old man. in a news conference that 17 hostages total had been accounted for. we found out that a police officer suffered a non-life-threatening loan to the face -- wounded to the face that we don't have information on his injury at this point. >> how did the situation unfold? >> the crisis c

"bottom line" with mark crumpton is coming up at the top of the hour. mark joins me with a preview.e you? >> right behind deep it we will continue to follow-up on vladimir putin's annual year-end press conference. out at the united states for russia's economic chaos and the plunge of the ruble. we will be joined from london. and we will go to washington to get analysis from a senior fellow at the brookings institution. i will see you in a few minutes. >> we will be right back with more. ♪ hello, you are looking at san francisco, but we are in new york. i can in for emily chang. this is "bloomberg west." technology is feeling major changes in how we live by making it possible to order coffee, get dressed, and even plan a dinner party -- all services offered by starbucks -- with ease. day-to-daylace activities or services. see how much time and money was saved. >> i cannot start the day without my caffeine fix. orormally fire up the keurig go to starbucks, but today i'm getting a special delivery from kraft coffee. good morning. why is this better than going to my local starbucks? ove

. >> -- opportunity for >> "bottom line" with mark crumpton is coming up next hour. you have for us today? >> the senate intelligence committee has released a scathing report on the techniques used to interrogate terror suspects in the aftermath of the 9/11 attacks. the report says the cia misled congress about the methods used and the techniques were more brutal and less effective than the public was led to believe. the cia director during the clinton administration will join me when i see you in a few minutes. act to you in san francisco. advertisers. they were getting customers, but instead, they were getting scammed. we will be back with an in-depth look at the dark side of digital west."xt on "bloomberg ♪ >> i'm emily chang. this is "bloomberg west." 6.3rtisers will spend billion dollars advertising to robots. the association of national advertisers revealed that one in four video ad clicks are fake. cory johnson is back with more. >> this is amazing stuff. this is the largest public study on bots and digital advertising ever. companies that have been paying for

han crumpton was in charge of cia operations in afghanistan after 9/11 when his team of 100 cia agents helped crush the taliban and spent 24 years at the agency and worked for then secretary of state condoleezza rice. thank you for taking the time to be with us. at this time the united states is at war with al qaeda and now a powerful off-shoot, isis. should this report from the senate intelligence committee have been released now? >> no, i don't think so. for several reasons. it would first, i think we should put this in context. the report is 13 years after 9/11. at the time of 9/11, congress supported the cia, provided the resources and endorsed the authorities that president bush assigned the cia and this included unprecedented lethal covert action authorities and then later on into '02, approved the enhanced interrogation techniques. congress was briefed at the time and now they come out with a report 13 years later from those thousands of miles from the battlefield criticizing the agency. what is of immediate concern is this report can provide our enemies, isis and al qaeda and o

. >> bottom line with mark crumpton is coming up at the top of the hour.ark joins us with a preview. what do you half or us? >> there has been another multibillion-dollar deal in the u.s. health care sector. merkel will spend $8.5 billion to buy cubist pharmaceuticals. allow merck to grow products in jug resistant bacteria. -- grow products to deal with drug-resistant bacteria. >> coming up, the kim kardashian game has been a hot commodity for game maker blue mobile. with theive interview ceo is next. >> this is bloomberg west. first launched the kim kardashian game in june, the company stock at a huge boost. since then shares have been on a .lide how does the company planned to reignite that success and build on the kardashian brand? joining me for an exclusive interview, the glue mobile ceo will talk about the stock in a moment. >> we had chris just a couple of weeks ago. we have courtney and chloe joining just in time for the holidays. there is a lot of mis-perception around how long this game will stay in the top 10 grossing. >> how long -- how involve

. ♪ >> from bloomberg world headquarters in midtown manhattan, i am matt miller, in for mark crumptontom line," the this this andf economics with a mainstream perspective. to our viewers in the united states and those of you joining us from around the world, we have full coverage of the stocks in stories making headlines. senior markets corresponded julie hyman with the price war over the hottest toys on the market. peter cook monitors another deadline for obamacare enrollment. and we begin with shelby holliday.

. >> from bloomberg world headquarters in new york, i am mark crumpton.ttom line," the finance and of economics with the main street perspective. to our viewers in the united states and those joining us from around the world, welcome. we have full coverage of the stories making headlines this friday. the only one who knows what inside your medicine cabinet. phil mattingly reports on what some aal

look, i see mark crumpton. i see "the bottom line" coming somewhere in the next 20 minutes maybe?something is just horribly wrong with you, cory. >> you think? you have to check this out. i'm going to make sure you get some of these. lots of news. what do you have coming up? >> we will look at november's new home sales figures in the u.s. the number fell to a four-month low. annika con will help us break down the data and she will give us a look at the housing sector in 2015. sony, as you mentioned, has reversed an earlier decision and now says the film "the interview," a fictional plot to kill kim jong-un, will be shown in limited release on christmas day. back to you in san francisco. turned 3-d just reality into a contractor, but that's all i've got. ask a johnny carson reference, very nice. >> peter pan? >> no. no. >[laughter] >> bottom line coming up in a little bit. they are not virtual but real. how about flying a balloon over mount everest? if only has a unique holiday giftgiving experience that also benefits charities. >> you need a last-minute christmas gift? if only off

[indiscernible] cory.you, "bottom line" with mark crumpton coming up at the top of the hour. >> the newwill have a lot on its agenda. at the top of the list, avoiding a crippling government shutdown, with republican set to control both houses starting next month, will anything get done? the committee for a responsible federal budget will join me. emily, back to you in san francisco. >> thanks so much. see you soon. need a loan? you are in luck. startups are taking on the challenge of consumer loans. be back with more on lending alternatives and what you should think about. ♪ >> this is "bloomberg west." peer-to-peer. online lending is a growing industry. with the number of companies trying to get into online lending, is there enough interest to go around? with ourn editor-at-large, cory johnson. take it away. >> there is a thing called lending the banks use to do. they would find businesses and give them money or find consumers and provide them with capital. silicon valley startups, new ideas and new software. joining me from chicago, a ceo. talk to me about how your business works. wha

in a a himin part as a a a a a a a a >> from bloomberg world headquarters in new york, i am mark crumptontom line." latest news and business economics with the mainstream perspective. here in thers united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines this tuesday. review ofn has it darden earnings for in the search for a new ceo. emily chang

. ♪ >> from bloomberg world i amuarters in new york, mark crumpton.pecial edition of "bottom line." we are waiting for a statement from janet yellen. these statement will be released at 2:00 p.m. new york time. we will have live coverage of the fed decision and the news conference. let's hear from chief washington correspondent peter cook. the fed and will join us in a few minutes. also, constance hunter, a chief at kpmg.t we have lisa abramowicz who covers the debt market for bloomberg news and are on the saini. reporter mia this is the last quarter of the year. can you sum up how 20 has been for the federal reserve? roughhas probably been a ride for them. they saw the fall, even though we have the taper. they have seen inflation suddenly really low here. they have seen the economy -- the economies having trouble exporting some of that to us. that has been a big problem for the fed. we are at an inflection point where a think you will really see volatility factors come into play. >> what are some of these factors? >> i think the real economy is playi

crumpton in new york. let's get you to the other top stories we are following today.as released from a cuban prison after five years. the u.s. is releasing three cubans jailed in florida for spying. it is a surprise move making way for a major shift in u.s. policy towards the communist island nation. president obama spoke with the past hour and a half. >> where we disagree, we will raise those efforts. -- i continue to do believe we can do more to support the cuban people and promote our values through engagement. , these 50 years have shown that isolation has not worked. it is time for a new approach. >> the bank of russia is taking steps to stabilize the banking system. the ruble collapse makes it more expensive to meet foreign-currency debt obligations. russia's central bank approved today a temporary moratorium on market to market economy. crude oil rebounded on speculation that prices were -- a bid by the greek prime minister to elect a new -- ensuring he falls short of the 200 votes for his election as president. the prime minister needs a two thirds majority to

. ♪ >> from bloomberg world headquarters in new york, i"m mark crumpton. this is "bottom line."ewers in the u.s. and those of you around the world, welcome. we have full coverage of the stocks and stories making headlines this thursday. olivia sterns monitors a mixed picture in equities after comments from the european central bank. emily chang has highlights of her exclusive interview with facebook ceo mark zuckerberg.

that mark crumpton is a treasure. it is time for "on the markets."re seeing a rally today the s&p and the dow at least. the nasdaq is still trading lower. reaching 18,000 for the first time. we did get the gdp data this morning showing a growth rate of 5% in the third quarter. that was better than the initial reading. it looks like it will be a merry christmas for the retailers. the spider retail etf hitting anytime high today. as always, it is good to talk to you about retail. we are a couple of days away. things are looking pretty good. the readings we have gotten on spending so far have been pretty positive. >> for the last week definitely. walking through the stores, they are crowded. cars are packed in the parking lot. there were some spotty is, some stores were empty, some crowded,ry particularly stores, for example, that were selling athletic apparel were very crowded. some of the other stores were not. what has characterize the companies that have done better? >> the high items are electronics, toys, and apparel. that isn't to say that you're

i am mark crumpton in new york. let's bring in our roundtable. joining me in the studio, our white house correspondent phil mattingly. at the white house, our chief washington correspondent peter cook. and bloomberg news cyber security reporter michael wiley. gentlemen, thank you so much. the president said this was a breakthrough year for america. you have set in the second row oftentimes at the white house. do the vast majority of lawmakers consider it to be a breakthrough year? >> i don't think so. i think they would just point to the midterm elections to report to the counter to what the president was saying. what the president was doing .oday was laying out the scene the economy, numbers across the board look very good for the united states, especially compared to other countries. the president is trying to lay out they are moving into a new year on the back of five weeks after the election, the president and his team feel like they have made a number of positive steps forward. he was energized. he does not consider himself a lame-duck presi

line" here with mark crumpton. we have a lot more to cover. bill ackman will be here in just a few minutes. ♪ greg will come back -- >> welcome back. i'm here with joe weisenthal. president obama will announce a major shift in u.s.-cuba relations today. it can be that he is ending the decades-old embargo on the communist island nation. phil mattingly is here in new york city today. you came just to see us for christmas, i hope. >> [indiscernible] >> we will be ending this segment early. seriously, the reason this is happening is the release of alan gross, a u.s. contractor that has been held in cuba for five years. there have been back channel negotiations going on between obama administration officials and the cubans for a long time. they have heated up in the last couple of months. why this is important, the u.s. has made clear that as long as he is held down there, there would be no change in major relations between the u.s. and to buy. even though there has been a big push -- and cuba even though there has been a big push on that front. wh