ceo of ducati north america areas mapped miller here.ime we have been on television and the u.s. an exclusive, a first. can i get on it? when we go to break? betty: much more on this ♪. . . you used to sleep like a champ. then boom... what happened? stress, fun, bad habits, kids. now what? let's build a new, smarter bed using the dualair chambers to sense your movement, heartbeat, breathing. enter the sleep number bed with sleepiq® technology. it tracks your sleep and tells you how to adjust for a good, better and an awesome night. the difference? try adjusting up or down. you'll know cuz sleepiq® tells you. give the gift of amazing sleep. find our best buy rated c2 queen mattress with sleepiq. only at a sleep number store. know better sleep with sleep number. it is 11 a.m. in new york, 4 p.m. in london, and midnight in hong kong. markets." "bloomberg from bloomberg world headquarters here in new york, good morning. i'm betty liu. u.s. stocks higher and climbing evermore. oil under pressure after opec says that crude production hit a thr

these in the group and will be a record year for ducati.brought that company's real cruiser into the studio. hit: you are continuing to a higher number of motorcycles in the u.s. and you brought in o.e newx diabl this will be a huge growth strategy because you are breaking into the cruiser market. >> absolutely, the idea that two , it was our first tap into the market. the cruiser was the question. with this one, there is no question. the feet are forward and the rider position. matt: do you think americans who are used to the air cooled heavy harley davidson's will get into the liquid cool like your bike? >> i don't see if that will make a difference. the important point is the excitement and the riding position. we are going even further with belt transmission. where entering into the cruiser market but with our own brand. scarlet: let's bring in matt miller. let me ask a dumb question. what is a cruiser and what's the difference between a scooter and a chopper? matt: a scooter is very small. it's not really a motorcycle. it's a smaller d

-- brands including ducati?: these are all very successful and there is no reason to consider getting rid of those assets? includes the truck assets? you see no injury to those results? course not. for good reason. we have incorporated, for this drug companies a couple years ago, and we are very confident these vehicles have a lot to gain from those collaborations in creating synergies. this is true not only for the technologies. .t is true for humans resources they are well placed to come up to this challenges. again, that was hans nichols speaking with the volkswagen ceo exclusively. mark, let's move to another big european corporate story, volkswagen to glencore, which i know you have been all over throughout the trading session. the selloff in metals resulting in glencore gaining even more from debt selling assets. calming investors after saying rein comfortably cash flow positive." here covering the story. he has been up since the crack of don. things for joining us here on "the european close." jesse, is t

matt: ducati later this morning. around 10:30 a.m. this money.argentina's new president takes office today. ♪ david: welcome back. breaking news on oil. matt: oil is dropping all of a sudden. just a moment ago, we got out export numbers. in october, the export at 2.7 million barrels of oil a day in that month. 3.7 5ember, the exported million barrels a day. that is what we are thinking we are seeing a drop. stephanie: i'm looking at my instant bloomberg and i am talking to wait traders and equity guys who are saying i am watching a trap and i do not know why. and there is that uncertainty -- matt: i just explain to them why. remember, it is uncertainty. it is not that market participants to not like market moving but it is when they say, i do not know why this drops and this makes them put their pencil down. matt: it is because iraq exported another one million barrels a day. david: we'll keep following this and as her, we will bring it to you. takes officei today. his predecessor refused to show up. part of the major changes in latin america --

. >> you are going to stay with luxury on ducati?> again, no reason whatsoever to question the commitments. bugatti has been successful for volkswagen so far. the limited editions we have offered has been selling like hotcakes. as you know in geneva in 2016, we will present the successor to the world public. without everyone having seen -- inthere is in norman norman's demand for the vehicle. in the luxury segment, there will always be a continued need to have vehicles, to bind vehicles by a number of customers. one of the very few carmakers in the world to put such a car on the road. we take great ride in that. ahead inill washington, the battle over the budget wages on. who can derails a compromise on huge tax and spending bills coming up next. ♪ david: welcome back. let's turn to the budget battle in washington. democratic republic and negotiators are still working out a compromise. the white house press secretary criticized some of the riders that republicans want to attach to the bill. piece ofst pass a legislation to pass a con

. >> brands including assets like ducati, will those stay within the volkswagen family?e are all very successful and there is no reason whatsoever to consider to get rid of those assets. >> talk to me about the debate, the conversation you have had over the last day. why didn't you cut rates today? >> there is no reason to change monetary policy. we have negative rates, .75 basis points negative. we also need to intervene in the foreign exchange market is necessary. you have to look at the inflation forecast. it is roughly unchanged. the international environment changed. the business outlook is that we -- not as bad as that. we expect 1.5% growth for 2016. >> you seemed a little more upbeat than i have seen you before. the economy, you say, is better than the data suggest. is there a question that the economy is much more resilient to a stronger swiss bank? has that diminished in the last 12 months? >> the situation for a large part of the economy remains very difficult. for those firms that export or are under pressure because of import companies. the situation remains

ueller announced he would have 19 direct reports. , ducati, man trucks maybe a potential new vehiclebe unveiling a geneva. my own personal favorite to show you just how sprawling vw is, they only soccer club down the road, the business in munich, and they make their own curry. they need to pay for david prices new outrageous contract. thank you. we have breaking news. it is market moving news. we see oil move off opec headlines. opec crude production of the bloomberg terminal rising to its three-year high in november. francine, we revert to 36 print on west texas crude. i'm going to call it a little south on oil right now. thisine: actually, what means, members have been pumping as much as they feed despite the global surplus. an indication from the iranian oil minister. what we have been hearing from the markets and what we have been hearing is saying, look, the cartel doesn't really have any power anymore because every -- trying to balance the books, so they pumped oil even if there is too much out there, they need to make sure -- tom: right. francine: replenish the coffers. you ha