let's face that fact, two, deirdre.rts, which netflix does not have, and hbo is doing very similar things and always has been doing similar things to what netflix is doing with the original series and exclusive film deals and has with the studios like fox and universal, and then obviously amazon and hulu and the international players, too. you think about who their competitors will be, you have to think of markets like the nordic region, europe, latin america, all those areas where there are local services. we don't talk as much about but were netflix will be going head to head, the same way it is going head-to-head with hbo here in the united states. >> thanks, as always. senior west coast correspondent jon erlichman joining us from l.a.. catch him and all the latest in tech and media news every weekday 1:00 p.m., 6:00 p.m. eastern time right here on "bloomberg west." keeping you on the west coast, researchers in california getting close to releasing an unmanned fully autonomous open -- ocean vessel powered by wind and

i'm deirdre bolton. here are your bloomberg top headlines at this hour.preme court halting can't -- you talk same-sex weddings while the state makes an appeal. this of easley raises questions about the supreme court's readiness to -- this obviously raises questions about the supreme court's readiness to legalize same-sex weddings nationwide. yellen poised to be confirmed by the senate. it is more than likely that she will continue ben bernanke from work. men's wearhouse firing the latest shot in the battle with jos a bank. last month jos a bank rejected a men's wearhouse takeover bid of $1.5 million. as you could hear earlier this week, a finalized agreement between jpmorgan chase and the justice department on a settlement related to the bernie made off ponzi scheme. su keenan with me now with the latest headlines from the newsroom. reported in early december. what is the push since then? >> the devil is in the details. it is likely the announcement is what to. jamie dimon put this behind the bank. this is one of the final agreements to be hammered out af

i'm deirdre bolton. here are your top headlines. morgan stanley beat analyst estimates. record wealth management earnings contribute to the bottom line. falling short. a surge of online shopping before the holidays forced them to hire more temporary holiday workers than planned. it missed its own holiday deliveries. americat obama promised and its allies that there'll be new stress on the government surveillance for graham. --not miss the conversation pimm fox will be sitting down with michael hayden, the former director of the national security agency and the cia. that conversation happens at 5:00 p.m. eastern time today. in the meantime, bringing your attention to hedge funds. -- trial against macklemore, matthew mart, underway. a star witness testifying that he gave mark toma --martoma confidential information. su keenan joins us. this is a big day. of the is at the heart government's case. he made in say that illegal $206 million trading profit. any wrongdoing. he initially sat with his head the meteorologist waited for him -- new rolla just waited for him to look up

book on the man - uncle al capone: the untold story from inside his family - written by his niece deirdreone. fascinating. you are just so full of stories about sitting on your uncle's knee when you were about 5 or 6 years old. >>i used to touch his scar on his face and ask if it hurt. and i used to kiss it. >>and he died on your birthday. >>he died on my 7th birthday. january 25th, 1947. >>you make a case that maybe we need to reevaluate your uncle a little bit. >>that's what i'm doing. i'm writing another book. i wanted to make sure that i had hard evidence. all these other researchers that have written about my family forged a lot of documents to justify some of the opinions they have of my family. >>making up facts because no one's going to hold them accountable. >>that's correct. >>let me ask you about this idea that he was a savvy businessman. i guess he would have to be considering the size of his enterprises. >>my grandfather was al's older brother and business partner >>and he was pulic enemy number 3 behind your uncle. >>correct. public enemy number 3. >>my grandfather had one s

i am deirdre bolton.e show you what entrepreneurs are doing, as well as what is going on with private equity, real estate, and more. up someast may pick assets from charter. we will bring you the very latest on a deal that john malone, brian roberts, and other big execs are crafting. also, apple's iphone sales were lower than expected. john frankel will join us, telling us how that will affect his investment decisions, and a famous museum and a collector in jail. that is all part of south bees -- southby's. tost up, though, we take you president obama, who says he is prepared to use his executive powers in congress stand in the way of his agenda. peter joins us from the hill. peter, will there be a reckoning tone in the president's tone quest? >> he is going to outline this in the state of the union address, and it is an effort by the white house to reassert the agendants second term after a very rough 2013. this increase in the federal minimum wage for federal contractors, short of raising the minimum wa

i'm deirdre bolton. we show you what investors and entrepreneurs are doing, as well as what is going on in hedge funds, private equity, real estate, and more. today, google making a $3 billion bet on connectivity and securities. plus, a venture capitalist will a $1 billionruns fund-to-fund business. and we will tell you about the hedge funds stretch these -- strategies that are paying off in china in a big way. but first, we will be hearing from president obama's intelligence review panel. will affectchanges some of the biggest tech in the country. peter cook is with me with the latest. what have you heard that has stood out as far as comments go from the panel? >> we have not heard from the panel yet. that will be at 2:30 p.m. eastern time. this is a big debate for this panel. the president back in december had recommendations that went further than a lot of people expected. they did call for things to be scaled back, specifically the panel with former white house advisor and deputy director of the cia.

i am deirdre bolton.hat entrepreneurs are doing, as well as what is going on with private equity, real estate, and more. up someast may pick assets from charter. we will bring you the very latest on a deal that john malone, brian roberts, and other big execs are craftin

i am deirdre bolton. here are your top headlines. should show that they received capital worth six percent of assets in stress tests. eurois according to twwo o euro officials. profits forbanks, drupal that bank of america. they reduced the amount of money they're paying out due to the mortgage meltdown. still, the bank faces two federal lawsuits involving mortgage tax security. capping the smallest annual increase in five years. companies are facing little pressure to charge more. we're going to turn our now to the pioneer in the home automation business. 60 consumer electronics manufacturers including tivo and sony have already adopted technology that allows you to turn your house into a "smart house." trading is at an all-time high. this is a day after google announced it was getting in on the action with the purchase of the smart thermostat maker. the ceo and president of control for is with us. guys is a crazy -- you have met before. not only met, but have done business before. >> we worked together in the 90's. bob had a compan

i am deirdre bolton. what is going on with hedge funds, private equity, real estate, and more.pmorgan chase will settle claims that it facilitated the ponzi made off --madoff scheme. also, private equity firm carlyle preparing to launch two publicly listed -- listed mutual funds. they are whiting the investor , and we will take you to las vegas to show you the latest from the contributor -- consumer electronics show. procedural vote, six republicans joined democrats to vote yes, and archie washington correspondent peter cook is with us. even though the move over from was there,can side it is a long way from being a done deal. they did break ranks and joined with those democrats to move forward today in the u.s. senate, and even before the vote happened, we had top senate leaders lamenting this. we had six republicans, some of them from some very high unemployment states deciding to for a the final tally further conversation and perhaps another vote later this week. this would extend the unemployment benefits for another three months retroactively. this would affect those who lo

i am deirdre bolton.e show you what investors and entrepreneurs are doing, as well as what is going on in hedge funds, private equity, real estate, and more. today, privacy and security, two subjects addressed in a later -- latest nsa report. we will bring you the details. andhe scene is the founder ceo of a privacy detecting search engine that had more than one billion searches last year, will join us. investor racing about $750 million. we will show you what types of investments he is likely -- likely to make. money from barbra streisand, sylvester salon, cindy crawford, he will be joining us to share his best tips. we will take you to d.c. for the first time in 17 years, investors can buy a new slice of debt. the top treasury -- top treasury officials. what they mean for the death market. there is risk. >> we will find out more from the assistant treasury secretary for the financial markets, responsible for the new two year floating-rate notes. the first in 17 years. good to see you and thanks for the

i am deirdre bolton.nt obama is continuing his four-state to are pushing what he calls an opportunity agenda, building support for initiatives on higher wages, retirement savings, and education. the president was in maryland and pennsylvania yesterday. is york hedge fund scout shutting down. at firm will return 90% of customer funds by april 1. it manages about $6.5 billion. traffic is moving around atlanta after a crippling winter storm. officials worry -- are warning that icy roads remain a threat to travelers. police responded to a number of accidents. speaking of the cold and the energy play, weeks of wild weather have caused explosive volatility in natural gas futures. surging more than 10% yesterday, the highest and four years. su keenan has more. andare finding ceos consumers are bracing for the effects of higher energy costs. >> it will be depending on which side you are run. consumers are going to get sticker shock on utility bills. the ceo of southern company, experiencing shock in general. an a

i'm deirdre bolton.e show you what investors and entrepreneurs are doing as well as what is going on hedge funds, private equity, real estate and more. today, private equity fund kkr rating $2 billion for its distressed equity fund. more than even the firm in-house expected. we are back with details in just a few moments. the view that some writers have that some hedge funds are maybe too big to fail will be part of the conversation. we will give you the criteria, and also both sides of the argument on whether systemic risk exist or not. plus, the ceo from cybersecurity powerhouse fire i will be with me. made a $1y recently billion purchase and we will tell you about the latest technology to thwart hackers. first up, president obama naming five u.s. promised zones targeted for special federal aid. the motivation is despite income inequality. julianna goldman joins me now. what is at the center of the president's plan? >> this is all part of the focus on income inequality that the focus -- the white house

u are "in the loop i am deirdre bolton, uniform betty liu. am mark -- past the hour, and lubricant is on the market. -- bloomberg is on the markets. the dow last year was up 26%. the s&p 500 up 29%. we are on the markets again in 30 minutes. we want to count down the top 10 trades. julie hyman is with me, as is matt miller. micron technology. the semi conductive equipment company falling after a downgrade to a sector perform from outperform. last year, the stock was up more than 250%. >> number nine is twitter. shares are continuing their upward climb. evercore partners raised its price target saying they are in a strong position to capture video advertising dollars. , asumber eight is vodafone they are in early talks to acquire an indian mobile company that would give them a stronger foretold in the emerging markets and create india's largest telecom companies -- company. >> number seven is sirius xm radio with evercore upgrading them on hopes of rapid growth. number six is walmart, as they are recalling dunking meet -- donkey meat. they say

chris malone, thanks for joining us. " money moves" with deirdre bolton starts now. ♪ >> welcome to "ney moves." we look at alternative assets. today, it is day one of the world economic forum in switzerland. we will check in on what we will check in at the current state with the ceo and founder. platform for investors to invest throughout the day. and, former motorcycle. it will be going off on auction. we want to get you down to d.c.. in fact, we are looking at the fcc. it is the first time in five years wiriririr spectrum. you have a lot of big names consent. we will get you down to our f washington correspondent there with all the details. >> the first one, as you said, desolate is notable here are the folks missing. every single major wireless provider. the one big player involved is dish network and it is expected dish could dominate the bidding over the airwaves. that is what has really caught the attention of most people. what would a dish want to do with the age block here? which couldtz chunk provide wireless services and there is a great need for more right now. more people

am deirdre bolton s

i am deirdre bolton. what is going on with hedge funds, private equity, real estate, and more.chase will settle claims that it facilitated the ponzi made off --madoff scheme. also, private equity firm carlyle p

i'm deirdre bolton.ou what investors and entrepreneurs are doing as well as what is going on hedge funds, private equity, real estate and more. today, private equity fund kkr rating $2 billion for its distressed equity fund. more than even the firm in-

. >> i wonder if people younger than me, like deirdre, will they connect with this car? we celebrated the 50th anniversary of the porsche 911. was concept for the targa launched in 1965. we may do some education, but we have a lot of people who ordered the car 30 years ago. now they are taking deliveries again today. take this one back to new york and i will give you an education of what it is like to drive a porsche. >> i like that. i like that quotation, i can see this porsche in your eyes. that is why she should let you drive it back to new york. >> yes. >> matt miller having a lot of fun, as you can see, at the detroit auto show. when we come back, a full update on the markets. ♪ , i will be joined by true. capital cofounder edwin c poston. it is 56 minutes past the hour. that needs it is time for bloomberg television's on the markets. julie hyman has more on the trade. are seeing declining markets today. major averages pulling back. we have seen the declines accelerate as the day goes on so that now the s&p 500 is down one percent, trading at the lows of .his very e

i am deirdre bolton.nvestorsow you what are doing in hedge funds, equity, private estate, and more. financeore, the u.s. and economic editor at the guardian. our in-house private equity expert will tell you what he thinks of joe lieberman joining a pe firm, what it says about the industry, and ben bernanke on how the fed is changing. treasury yields trading at their highest level since 2011. we will be taking you there live in about 30 minutes. speaking of that, phil mattingly with me from d.c.. what can bernanke say about the fed as he is on his way out to? >> we are about a half hour away from ben bernanke taking the stage. it is a few weeks after policy makers may then move to trim the bond buying program in less -- and less than one month away from his last months in office. this is being billed as his last major speech, likely a review of the turbulent time he has resided over. the fed's decision to start its taper came amid a series of economic reports. those positive economic reports have continued

chris malone, thanks for joining us. " money moves" with deirdre bolton starts now. ♪ >> welcome to "we look at alternative assets.

i am deirdre bolton, here are your top headlines this hour.he latest fed minutes were released 30 minutes ago. officials see diminishing economic benefits from the bond buying program. the last meeting the fed took the first step to stop -- to cut of bond -- cut the pace purchases. the bank assigned 400 underwriters to mitigate mortgages. as many as 40% of those loans are likely to fall outside of government guidelines. training a group to increase lending without decreasing volatility control. investors have grown doubtful toys r us will repay or refinance close to $3 billion of that. toys r us has had three years of consistent profits. shifting away from retail to the winningest fund was glenview capital, posting an 84% again. su keenan is joining me from the newsroom with a little bit more from our market magazine's latest ranking. that played as particular row on that that's success. activismler version of and many college suggested his suggestiv call it ism. we're still waiting on final returns. robert s robbins -- robbins grew up -- it h

i'm deirdre bolton. today is the final day of ben bernanke's term as fed chairman.s held the job since 2006, when he was appointed by president bush. janet yellen takes over on february 11 and she will appear before the house financial services committee to deliver testimony. consumer spending rose more than forecast in december even as incomes stagnated. household purchases rose 4/10 of a percent. pushing the savings rate to the lowest level in almost a year. bloomberg news learned that a u.s. government report on the keystone pipeline released today. not have ae would big effect on the environment, but it does call for additional safety measures, including sensors to warn of leaks. of theblematic rollouts federal health insurance marketplace has led more companies to turn to try the exchanges to offer employees benefits. based, on-demand technology provides benefits in administration, payroll, all kinds of solutions to employers through its insurance carrier and broker partners. the cofounder and president is here. glad to have you with us on "money moves." how is

i am deirdre bolton. what are doing in hedge funds, equity, private estate, and more. financeore, the u.s. and economic editor at the guardian. our in-house private equity expert will tell you what he thinks of joe lieberman joining a pe firm, what it says about the industry, and ben bernanke on how the fed is chan.

i'm deirdre bolton. we show you what is going on in private equity, real estate, and more.in

i am deirdre bolton. getting earnings right in make investors a lot of money.joke and is with me now. he is a form -- a reformed head -- a reformed hedge fund -- he is the founder and ceo. the time is more accurate than consensus. that is a pretty good batting record. what do you make of ibm? >> the company is selling off its low-end server business. it is in the middle of this big transformation into the cloud. they are transitioning. ibm moves at its own pace historically. it does not pay attention to the fact the market once five percent revenue growth every quarter. look for all the money to poland watson and pushes forward. for the time being the market is not paying that much attention to exactly what that growth is. >> is hiring consensus for both earnings and revenue. you're saying the market is missing just how strong or how quick this conversion is 2:00 company? , we are well above -- >> we are well above on the red and he ps -- on the red. this is almost one for one, which is unusual. >> we have been historically way above on netflix c.t.s. and reven

. ♪ >> deirdre bolton is back tomorrow with a new york city investor whose noteworthy projects includettan club. 56 past the hour, and that means bloomberg television is on the markets. our markets correspondent is in the newsroom with more. >> thanks so much. let's get you caught up on the markets. u.s. equities are falling. they picked up a little bit of momentum after we got the fomc decision. reducee continuing to the monthly bond buying program. you see stocks are lower. the dow is down by about 170 points, but we are off session lows. at one point, the s&p index was below its lowest closing level since november. for more on the said -- fed decision to continue tapering, i'm here with the fixed income strategist at gmc securities. it looks like bernanke stuck to the script and did what markets widely expected him to do. what about the statement. any surprises in the statement for you? >> not at all. he pretty much said what we expected. the economy is improving. the labor market showing mixed signals, referring to the december nonfarm payroll, but overall, showing improvement, and

i'm deirdre bolton.what investors and entrepreneurs are doing, as well as what is going on in hedge funds, private equity, real estate, and more. today, google making a $3 billion bet on connectivity and securities. plus, a venture capitalist will a $1 billionruns fund-to-fund business. and we will tell you

i'm deirdre bolton. we show you what investors and entrepreneurs are doing.ot activism and retail going the same phrase. we're going to tell you what choices the company has. also filling you in on some of the firms. a first on bloomberg -- the cofounder of the equity firm is

christine, jerry, deirdre. i also want to thank john mccain. why would i want to thank john mccain?most of you know, in 2008, john mccain surprise the united states by nominating alaska governor sarah palin to be his running mate in the presidential election. and i remember that moment. i was at a political science conference and my first book had just come out on conservative women. it was academic press. i'm sure a few people thought it might be interesting. then i saw sarah palin on the screen on national television and i thought john mccain is promoting my research agenda. so i always feel it's important to thank john mccain when i do talk about my research. speaking of research and i want to follow up on something that larry said. what i am presenting today is scholarly work and really intended to create understanding of conservative women. i am a women of politics scholar and i saw a lack of attention to ideological diversity among women in the scholarship that was being published. so i became very interested myself and exploring questions about conservative women and also wan

i'm deirdre english. i cannot claim to the same level of neutrality and objectivity that professor schrieber brought to this work. i have debated in the past, and not entirely successfully. she was very good. and i have written critically about conservative women in the past. but i have also gone as a journalist with great interest to alaska, to sarah palin's hometown, with something in the spirit that you brought to your work, to try to understand her religion, her neighbors, and her background. and i really appreciate your scholarship, and i appreciate the effort made to try to understand, to see to understand and then to be understood. i think it is a good principle. i appreciate the respect you brought for your subjects and your own open-mindedness and you're pointing out their importance for social science as well as politics. i think you have established, if there was any doubt, that they are far from being mere mouthpieces for men. these are women who are speaking for themselves. they are passionat

i am deirdre bolton. you what investors and entrepreneurs are doing, as well as what is going on in hedge funds, private equity, real estate, and more. today, privacy and security, two subjects addressed in a later -- latest nsa report. we will bring you the details. on

i and deirdre bolton.hing congress to restore jobless benefits for more than a million americans. unemployment checks were cut off last week. we will speak with white house economist gene sperling. it is a rare miss for a warren buffett. for the first time in 44 years, berkshire hathaway is likely to fall short of a key benchmark. he normally added wealth rapidly over a five-year period, this year was different. long lines in colorado, stores able to sell marijuana legally for recreational use. the state trying to make sure legal marijuana does not make it into the black market. denver's airport signs warn not to take the drug home. street to wall street and pay. shares of banks coming off one of the biggest annual rallies and 15 years, a boon

he made his case to deirdre alton earlier this morning.. >> they were one of the areas a number of years back obviously that was crushed the most so the p/e ratio for the group contracted the hardest. i still think that even though as you say the group did well last year, i think there is still some balance sheet repair the has to go on with some of the big banks. inot of niche financials insurance, they are turning out earnings. you will see it combination of andinued earnings groups multiple expansion. unemployment will fall faster. if you look back to the jobless recoveries of the early 1990's in the early 2000's. not only -- the expectation is the defendant -- the fed ends tapering. chance theyood will break that promise. >> facebook about investing in bonds bursa stocks in the new year. >> if the tenure reaches 18% the question is could and that pull some people out of stocks and into bonds? you would probably need to get up to four percent on the tenure to reach that threshold. there has been a number of studies on that. is knocking

i am deirdre bolton, in for betty liu. chrysler sales are coming out at any moment.ngest in many years. sergio marchionne making a bid. flagship fund for pimco's bill gross was hurt by the fed. a severe storm is making life very icy and snowy on the east coast. in feet of snow have fallen some areas, causing travel issues for many. temperatures are in the single digits. december u.s. vehicle sales on chrysler were up 5.7%, falling short of estimates of the rise of 8.4%. matt miller has more on the numbers. >> i am looking through the