fiat says it will spend $12 billion in china revamp its models.o see more investment coming to european companies because the apparent such we growth? us an easy glimmer of hope people start spending. >> the data for the german economy has been pretty robust. outside of germany some of the major countries, france and italy, there's no growth. we can't see any major pickup in growth in the short term. investment is coming to the financial market in europe. that much is clear from price- performance. you can certainly talk about some of the automakers as a distressed sector given the last 12-24 months of performance. talking about europe, portugal and greece don't seem to be spending at all. this has to do with continued qe in u.s. which is encouraging people to look around to the developed world for opportunities. we are not having a problem. 2014, who knows what could come. with these more elevated financial markets, he could be called to do something if there is something bad going on. we don't think there is the fundamental growth. we need to se

i know fiat is negotiating separately to try and buy those shares.a real, it's a real paradox how does the chairman of fiat chrysler do a road show to get the best value and then negotiate what obviously would be the lowest price in buying those shares for, from fiat? liz: people are calling it an outright conflict of interest. >> yes. liz: sergio mark keown knee offy yet. fiat owns 61% of the shares of chrysler. uaw is on other end, 41.9%. >> 41. liz: 58% versus 41%. the uaw seems like it has a contentious relationship with him. am i missing that? i think to myself why? let me play devil's advocate. >> yeah. liz: he reopened some plants in michigan. the jeep cherokee is doing well. what is the problem here? >> i don't want to say contentious. fiat obviously wants to buy those shares at what they would perceive a reasonable price. the ua-w has an obligation to its pensioneers and so forth to get a fair market price. it seems to me there's a gap but i don't know but maybe the fact they pulled back on the ipo this year was that they're getting closer.

they didn't go from barter to fiat money.elissa: gold. >> it has to originate in the marketplace as a commodity and work its way through. then the commodity money became fiat money. but you don't have any currency that just comes up and is a fiat currency. it has to have something behind it. so the question is, will the limitation on the number of bitcoins out there give that type of stability to the currency? and i don't think the evidence is in yet which way it is going to go. s i'm a strong he believer in competing currencies. i've written about it. proposed laws to allow competing currency. right now this might fit the bill but, i'm not preticking that -- predicting bitcoin may come out on top and may be a major participant and getting a lot of attention and i enjoy the discussion. melissa: you use ad word that is bitcoin's major problem which is stability. is there something they could do, is that the key to making bitcoin more reliable and more acceptable to more people? because while i think it is interesting and belie

fiat is saudi to be planning a 9 a lion investment to have turnaround strategy. italians are making a surge into north america. we have the details now. it is about the americans. it is always about the americans. about europe, too. you look at the car market here, to be absolutely brutal for a turn these guys, to leveragee losses let's what you have been successful at and being the premium end of the market. orget the fee at pinto and go to the 500. wantss the one every lady a piece. >> and men. want to gender it but i did. $350,000. that is the car i would like. every man would like. but the money is going there and alfa romeo. and sell them where the 25% in ment rate is not europe but u.s. and the key point is they have the center in the shape of chrysler and logistics and car through the those routes. there is the italian that has wants to vision who take the stylish designs and up market and sexual it in the states because of the chrysler.on through >> there was a recovery in the united states and the eurozone compare. number two, made in italy. italy is moa

administrative fiat. he says he will make these tweaks as long as necessary. >> i just want to help as many people as possible feel secure and make sure they don't go broke when they get sick. we will just keep on doing that. >> in his gop weekly response, the gop congressman from illinois said he just wants to repeal the whole darn thing. that's sentiment we continue to hear. he says we ought to scrap it and continue with the approach of lower costs, more choice and more freedom and competition. so these two deadlines are extremely important. december 23rd and the actual start up of the affordable care act on the first of january. all while the president is here on a working vacation emphasis on the working part. harris. >> and of course the deadlines are so sharp for those people who received the cancellation notices. now they are cramming and trying to shop for health care. thank you very much. the president was grilled about spying on american citizens at his end of the year news conference they calle

and also, staying overseas, we are looking at fiat. will their bad stem the losses? >> you are watching "in the loop ." we are streaming on your phone and bloomberg.com. good morning. >> we are here in new york. onwe had quite a market day friday. the jobs report came in much better than expected. we are not doing very much on the market right now. >> there have been a lot of economic indicators. the results i am looking at have been very weak. low single-digit growth. the market was off to the races. the economic data seems to be cranking up. there's a lot of news. --with the way that this with the way that stocks have been going, you would think it would be boring. maybe we got a little indication in the jobs report. >> scarlet fu has breaking news 4s. >> we are looking at whole logic. the shares are falling after they made an announcement that they will appoint two independent directors. two that have been proposed by carl icahn. a areclosed that he owns team percent stake in hologic. two independent directors have been added to the board. the stock is falling in

fiat dui eyes? five dui'ss!!!! i don't understand why we even had access to the vehicle after the second one. i love watching tv outside. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the important part is that you're happy now. and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying bundles. rethink possible. >> pam: he is six years old andthis little boy who dreams day. is on a mission to save nasa! connor johnson was disappointed to learn that congress is cutting funding to the space program. >> pam: connor knew he had to do something. first he decided to give his entire piggy bank to nasa. but then, after talking with his family, he decided to the white house website. >>"and to get a

fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where these cars are going to be, at the high-end. let's be honest, the 500 is not the lecture end. it is considered cool and premium. they're going to leverage that. >> definitely cool. the ceo is considered the enfant terrible of carmakers. is making these high-end cars stylish to sell in the un

>> if fiat currencies are backed by trust in that paper. say it is backed by the taxing power of the u.s. isfar as the dollar concerned. all central banks seem to be on a mission to do the currency that the issue. i am not talking about now, i am talking about all central banks, forever. why do we trust them when we know they are going to debase currency? >> they have not done the weimer republic the basement. things get out, of control. that has been developed for the central banks. goods and services inflation has been under control. ofhink as well at the end the day, the taxing makes a difference. they can be regulated, that makes a difference. or 8 name about 7 electronic currencies, i expect you can name 48. if you are concerned about the expansion of central bank balance sheet. you add the electronic currencies, you say what is the control in the aggregate? each one there is a limit, but taken together, what is the control? >> there is a limit. for bitcoin, they can only make 21 million. >> that is a problem, you end up with not enoug

to me the play here is fiat. if you want to look at the charts this chart has gone somewhat sideways. they will control this company. they stole this company. on valuation, it is best and improving europe is how you're playing this. >> coming up the dawn of the drone age. amazon experimenting with commercial drones to deliver your orders. we have the ski here to talk about potential impact. and remember this quote from abercrombie's ceo? we go after the cool kids. a lot of people don't belong in our clothes and they can't belong. now it is said that the ceo doesn't belong in the company. would a change at the top really help the struggling retailer? >> interest in drones taking off after amazon says it is looking into deliveries using unmanned aircraft. drones are already being used in a number of ways from military surveillance to wildlife protection. a tech company has been making unmanned aircraft for more than two decades. joining us now for a first is chairman and ceo of air environment. tim, great to have y

so even if he likes the law and congress doesn't he does it by executive fiat. if congress suggests as we did during the shutdown a remedy to the executive -- to the employer mandate or the individual mandate, he threatens to veto our action and then goes and does it himself. so at some point -- i don't like running to the court. i would rather use any other remedy other than going to the court. but our other remedies have not worked. and the judicial branch is there for a reason. in certain circumstances coming should be able to assert its standing. i just think the pervasiveness has reached a point, we don't have a choice. >> there was a hearing on the house about this a couple weeks ago. and you cited these examples where the president has done his own thing. and you said could he also with these things in mind could he enforce election laws? what did you mean? >> why not? if you can turn off immigration laws, if you can turn off the mandatory minimums in our drug statute outs and if you can turn off the so-called affordable care act, why not election laws? a

but not by administrative fiat. we need to fix this bill by a bill, the way it was created is the way it's got to be amend. that's the real test for bipartisanship. >> jehmu, roughly 6 million people this their policies terminated in the individual marketplace. that's our brain room stat, they follow it di day by day. it's really 18 million because an average of three people per plan. now you got cbo nonpartisan predicting next year some 20 million plans will be canceled by employers, so you got to do a multiple then on that number. that's a lot of angry people the democrats are going to be facing this next year, isn't it? >> you're right, gregg. democrats have to communicate the message that the insurance companies cannot get away with laying this all at the feet of the affordable health care act. first of all, every year insurance plans were canceled before obamacare. second of all, employers were dropping plans left and right before obamacare. these numbers you're talking about are not solely due to obamacare. th

it is a great way to diversify away from sovereign fiat currency. >> it could be more than just a goldstitute. cheapair.com now lets you buy tickets with it. >> i have been fascinated with bitcoin. i never put two and two together until a customer asked one of our travel advisors if they could pay in bitcoin. i got wind of it and thought, how cool would it be if we could provide a way for people to buy flights with bitcoin? i did some research and it is technically feasible, economically feasible, and we got it done. >> also very volatile. how do you protect yourself from the wild swings in bitcoin? >> to be honest, we do not have to. i have been getting all of this undeserved credit, it is so wonderful that you are taking this risk, but the second they come in, we have to pay the airlines in dollars. we are exchanging them immediately. we are not taking any currency risk at all. >> what kind of new customers are you hoping to capture by accepting bitcoin? >> we are reaching a different market. we sold a $34,000 pair tickets to australia with bitcoins. we are not selling a lot of $34,0

>> at the beginning critics of the policy said this is terrible because this is the worse abuse of fiat money. money that you talk into being, but then it didn't get lent out. it didn't go out flooding the economy. it got held in closets somewhere. if it's not being issued. it's not written into being, will it make a difference? >> the question is will it make a difference on the positive side or the critic side. critics said it would lead to run away inflation. but that has not been the fact. and it gave a little bit of pause about today's decision. but in terms of what mark is saying, what the effect will be and where is it going to go? the fed has been adding stimulus to the economy ever since the crisis started. this is the first time they have taken a step back from adding stimulus. that's a significant event. whether or not the $10 million will make a difference, that's a testament of the feds a communicating their own feelings. when ben bernanke was first broached about the idea, there was a freak out in the markets. he came out and said, this does not mean that we're going to ra

"fiat justitia ruat.."" oh, this is such idiotic crap.ause you're a sexist old fool. peter: eli! and you are a rude backroom huckster. but that is irrelevant to this. chief justice, diane lockhart is my choice. it is so good to see you, sir. (phones ringing) well, this is a pleasant surprise. how nice to... chief justice... no, no, no, don't get up. what do you want to do? well, we can't lose him. it'll cost us too much politically. i'll tell diane we're delaying. see if you can give him what he wants, for god's sakes. done. what about this gift? this gavel? have you lost it? no. it's probably in the gift room with the other 900 presents. i'll make sure it's out here the next time you see him. mounted. mm-hmm. eli: it's a gold-plated gavel given to the governor by the chief justice, with latin on it. mr. gold, remember damian the intern? no. the one in the hawaiian shirt? oh, yes, the one i fired. what? well, he was in here, in the gift room, and i'm just guessing... he took it? i just checked on clarkswap, and look. (eli sighs) call him,

was the twitter headquarters and merchandise mart, 1.2 million square feet of office was created by fiat. bit by the board of apepeals. they didn't pay one penny for housing. did not pay one penny for transit. it used to be a furniture warehouse display. when we don't know what money is coming in, what projects are coming through, we don't have an understanding what you are doing with the area plans. i am on the verge of going to oppose every single area plan. because they got information to the public, they got public participation and they got ear's. i am not happy doing that but i have seen it bit by bit. downtown. eastern neighborhood. market octavia. [bell] >> anything additional general public comment? public comment is closed. >> commissioners that will place under your regular calendar for item 10, conminnium conversion subdivision presentedation. >> good afternoon, president fong, and members of the commission. the item before you is an informational presentation to discuss recent changes to the subject code relate said to c d condomini condominiums, and required to hold a publi

metropolitan police has rejected claims a member of the british s a s move to a council of a duty of fiat. that decision was made by the form of parents in law of an ex soldier based in information he told two baths in the past. stop and notes that there was no credible evidence to support the theory that such claims have any basis in fact. that statement rules announced the reopening of the criminal inquiry. an inquest in two thousand and eight concluded the couple had been killed due to the crows nest a chance of that ride. his father mohammed al plant rejected the two thousand and eight this season and the slate is one saying they are a whitewash in a cover up conspiracy theories has insisted since time that i will investigations into them he created saying the allegations were without found it. z and all the things that some think that there is another of the headlines in just over a question. your excellency of mud and see the minister of health for mom thank you very much to speak into counseling can cut the lead up and it's one of the shed was that that day what to do them. when fr

that and create this box the stasi the fiat eleven people sneaking into the post at the time. that sucks counties in a bid to hundreds of chinese and had a sadist and look celts did you see in due course. good thing the expo with my kids. least cheaper ray kelly says adhesive for people getting killed and sixty seven of the scene just opted to train tube radio the bronx area of new york city eleven that the debt that they need to be in that critical condition and that didn't york city fire department said the sixty three people had been wounded and he'll have an actor until cuomo says that authorities believe everyone had a psych testing the council's full he confirmed the train guy that is among those in debt the crash was reported and seven twenty am local time and southbound the hudson line train from mum at her tea pot and cook it she was sad having to buy cent to ten male and the trained ear and as it went into the band's me as we can do boc to its station. none of the content of the hops a new look comment and read this mecha adjacent to the tracks at a national transpor

like the fact we are still low but didn't everyone continues to get a bit busy helping heroes the fiat to make it easier for injured veterans to pass through airport security cameras able people and seniors still have to navigate our way to tsa screening and of the helium stewardship act or three bites of the requirements for crude steel in sales on aeroplanes. as mark twain who taught us. actions speak louder than words but not nearly as often. when i was leaving the chapel. earlier this week i snapped this photo of a new health sector is going through security they were wheeling and blinking covered cart and injure you do not think fashion as they approach the metal detectors in meals an assortment of beers to be delivered to the capital although we've yet to pass the watermelon we can at least be a certain someone's paying their beer bellies. in washington dc area knowing our team. well this morning the senate banking committee draft the bill that would introduce new sanctions against iran. alas the month after the obama administration announced a temporary deal with the country to

a newrstand that this is system with fiat currency. we do not have the money because it is not back light gold and silver. the government has the authority to coin our money without interest, so we are paying the federal reserve interest to print our currency, fiat currency. i hope people will get behind campaign for liberty and rand paul and forcing an audit of the fed. do you know if we are stuck with the federal reserve for another 100 years or so? guest: when the federal reserve was first created, it had a 20 year charter. that charter was repealed to come up for renewal. -to the point we would be better off with a different currency, i do not believe that theory supports that at all. we had over 100 years experience with the gold standard. we had many severe depressions and panics. when times are good, even at finance system backed by good lens too much. the financial system collapses. whateverially, monetary system you have, one day you'll wish for another one. that was the case when money was backed by gold and silver. for all t

,s it ford, see it -- fiat volkswagen?lkswagen is doing it best in europe at the moment. they are the only one that seems to put a multibrand strategy that is working. competing successfully with the likes of bmw and mercedes. volkswagen is sitting in the middle looking very pretty. is the fiat underperformer, but things aren't too bad. ford has done a little better -- van general motors in europe. they have the whole issue with the chevrolet brand that they brought across that has not done too well. you say chevrolet to most europeans and we think corvette, exciting performance, and terrifying fuel consumption. well.idn't sit bring up fuel economy. as companies like gm look to vehicleinvestment united states in a euro, what are they going to miss him outside? different way.a it is much more expensive. fuelation when it comes to economy is being driven out of europe. if you look at conventional a lot ofchnologies, the gains have been made on the conventional engine technologies and a lot of that has been european-based. it

the bottom line, fiat currencies are based on trust.ave to trust the central bank that supplies you with your it andy not to defacdbase steal money from you. at the end of the day, all central banks are doing that. >> not from us, from our children. >> from our grandparents. >> that is a conversation for 2014. thank you, i love mystery. water it. >> i am sending this homeless stephanie ruhle, it is her birthday today. this little bush. hungry like a wolf. martin scorsese's film starring leonardo dicaprio hits theaters. will a corner the market? also, a christmas classic worth celebrating. dan aykroyd explains "trading places here on "street smart jerk off >> time to bring you the business behind media, entertainment, and pop-culture. kind of crowded under the christmas tree. studios have lined up -- five new releases for december 20 five. featuring bankers, warriors, even justin bieber. let's start with this naughty and nice with editor of boxofficeguru.com. five films coming out on christmas. >> it is vital. the audience is out of work

fiat assume going to senses it was a profile stop we had a young hispanic lady driving a twenty thirty mercedes benz she was only going five miles over the limit that's hardly reason to pull somebody over i'm suggesting to you that if she had she not been a young hispanic lady and not been. accompanied by mr distracted she would not have been pulled over right well i want to talk to you about the field testing because that's the most intriguing part of all of that why exactly does field testing involve typically and how was it determined in this case that it was cocaine ok if you're testing essentially is a shorthand way of getting a result as to what the substance is that one scary it's a it's a kid that's prepared and when you do it you take the product of the suspected drug and the positive in the airfield with the fluid and what happens is the if you will in terms of certain color depending on the color it turns the term is what the substance is we've been using them in pennsylvania for well over a quarter century and there are by the lower courts by the by the magisterial courts a

what is to stop them from saying that i'm going to rule this by fiat and say this is okay. >> the city manager can't do that. they can only control expenditures tomorrow and he can't effect this going forward. neil: is it more likely that god would be part of this? >> the city manager has to keep the streets safe and this includes people that still live there and pay taxes. he has a very difficult job on his hand and he doesn't have the wherewithal to do it. and he will have more money as a result of this. neil: in the meantime, the hottest new application. is he like neil cavuto? how much like neil cavuto if you? saying the wrong thing could wind up in court instead of just courting a guy ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event s back, with the perfe vehicle that's just right for you, no matter which list you're on [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla250 starting at just $29,900. >> it is the place for women to share information about the guys that they know. the one you moneygrubbing -- i don't know, that is the ceo tha

this we want common commodity currency, the gold standard, fiat currency. with us.he one currency? >> absolutely not. no, no, no. simple answer: no. you're the economics professor. the legit people in the business, today even know or care about this? >> i don't know anything about their coin. it got on my radar screen when bernanke was quoted to saying something positive about it. i thought maybe i should do some research. bitcoin, butowing i would say it fails one test of a durable currency is that it's fell you has fluctuated enormously in this calendar year. most currencies don't survive with tml of a hundred percent in a year. if richard says he knows nothing about bitcoin what is it say about the validity of it? >> i call it a medium of idiocy instead of a medium of exchange. which department division of the government should we look to to be the adult here on bitcoin? >> treasury has to figure out how to regulated as a whole and they have got one white paper on that. yet yet pursues major crimes and conduct seizures. -- and conducts seizures. there is about a

a lot of it has been undone, repealed, or is being canceled by executive fiat.t is already coming apart to a great extent. there is more bad news to come when the employer mandate forces a lot of people into the exchanges and they won't like what they get, so i think this is a murder the democrats will carry through the end of the year. >> i predict that republicans pick up seats in the house. but not the majority. >> republicans take over the senate based on obama care, the poor economy, and lack of trust for the democrats. >> i want to ask you on your follow ups. does scott brown, you just sold his house in massachusetts and went to new hampshire, will he will running? >> i'm making important decisions in the future and i'm not doing it today, so let's move on, joe? >> i will not be seeking the senate seat from new hampshire. >> any other predictions? >> yes, i want to talk about the legislation in the senate sponsored by 50 members, and that is the sanctions on iran. i believe bipartisan majorities in both houses will pass suffer sanctions and iran will not w

if you pay with your fiat currency, do you have to pay a back tax for buying that bitcoin just like you are buying software or anything else? in the u.s., regulators have come down hard on people who want to be exchanges. operating a bitcoin exchange means you have to register in each different state as a money transaction company. it will cost you millions of dollars around the world. i found over the last nine days you can pay for virtually anything with bitcoin. i have lived on it for the last two weeks, only using dollar bills for tips. >> it is crazy to think how much the value of this has fluctuated in the nine days you have been covering it. we will be closely watching the next few days as well. >> i do want to point out that we join together with network media all the way down to npr in sensationalizing this $1200 price. it went to $1200 because one or two people bought it for $1200 in a 10 minute period. it has been hovering around the $1000 mark and down to the $700 mark. two months ago, this was trading for less than $200. it has really come up in value. >> we will be watchin

what is to stop them from saying that i'm going to rule this by fiat and say this is okay. >> the cityager can't do that. they can only control expenditures tomorrow and he can't effect this going forward. neil: is it more likely that god would be part of this? >> the city manager has to keep the streets safe and this includes people that still live there and pay taxes. he has a very difficult job on his hand and he doesn't have the wherewithal to do it. and he will have more money as a result of this. neil: in the meantime, the hottest new application. is he like neil cavuto? how much like neil cavuto if you? saying the wrong thing could wind up in court instead of just courting a guy [kevin] paul and i have been friends... [paul] well...forever. [kevin] he's the one person who loves pizza more than i do. aul] we're obsessed. [kevin] we decided to make our obsession our livelihood. [kevin] business was really good. [kevin] then our sauce supplier told me: "you got to get quickbooks." [kevin]quickbooks manages money, tracks sales and expenses. [paul] we even use it to accept credit car

tremendous heat from the republican opponents who say the various tweaks are at best a case of executive fiat unlawful. is the president planning to sign up for obama care. now the deadline is approaching. >> he has to do it before monday. he will sign up for obama care. but the interesting thing before the friday press conference the website crashed again and obama care is coming up unrelenting criticism. >> with this health care law. there is less choice and nower opportunities and larger bills. this is not how it is supposed to be and everywhere i go people come up and say we should do something to stop the law. they are right. joishgs obama care faces another deadline on december 23rd that's when people who want health care on january 1st. will sign up. there will be a surge on december 23rd and create more chaos in the insurance industry. >> doug, before i let you go. i know the president is briefed in the situation in south sudan? >> reporter: a presidential vacation is not an entire vacation. he was told about it immediately after getting off air force one and indicated that he is happ

the deck in a way immigration policy won't be enforced and whatever the president decides to do by fiat won't be vigorously challenged in the administration because everyone will be like-minded since he's now added scores of new attorneys from groups to the significant left on illegal immigration. >> thanks for having me on. as a matter of record the obama administration has been criticized for the record number of deportations that have gone on under president obama's watch. they have been criticized from the left. as for christian adams's allegations it is against the law to use ideological or political affiliation to hire civil service employees. the evidence he proposes is thin. first of all, he cherry picks a small number of the hires. we don't have -- >> he said it's 40 attorneys. >> but we don't know -- in order to present the investigation you have to be more systematic to present 40. there are many more than 40 attorneys at i.c.e. >> he said they were granted permission to have 14 new positions. they begged for more and suddenly, he said, they were given permission to hire 40-p

the problem is that chrysler is owned by fiat, which none of us would buy directly, therefore -- you the. neil: is that an anti-italian comment? >> no, definitely not. >> b1 is interesting. because she doesn't get the whole ron burgundy thank him even when i do a dead on burgundy impression. she says that i don't get it. but a lot of these companies are latching onto him. so is there a method to this? >> he's recognizable. i don't know how to tell you this, but auto sales are kind of a big deal this year. they are up in the double digits in some cases come across the board, not just with chrysler. >> we have seen strong sales, yes or no? >> i think so, that is what ron burgundy says, and i'm buying it. interest rates at all-time lows, financing being released to the consumer. we didn't have this couple of years ago when auto sales were slow. neil: just please keep going. in the meantime, abercrombie after the plunging capital, strongly urging them to ditch mike jeffries. the same ceo that says a large people shouldn't shop at his doors. many people would take offense. so what do you

fiat will be clear mild and perfect for a football fan.p for christmas day. clouds arrive by friday we are tracking a 10 percent chance as we head into your son victory at the time now is a 46. here is george. >>george: we continue to monitor light traffic around the bay area feed and easy ride of the bay area bridges. soft snow back up for delays for the westbound ride. and through the east bay updating some drive times. still 80 minutes or less hercules to berkeley's. the first line of the morning for six '80s out bound between copper walnut creek. the san ramon valley is the way free and so is the west 580 ride all the way from the 2 05 interchange to the castro valley wide. what looks good on all of the freeways. no ma problems and the north bay ride now at about 25 to 26 minutes with the first suggestion of the morning showing here for the ride toward central san rafael coming past the civic center. >>darya: is a 10 week-old puppy was found in the ecology down friday. jim-- gem was found on a conveyor belt full of discarded trash. she

i think that most of them end, most of bad inflationary fiat currency end.liminated 98% of purchasing power from the dollar that the fed inherited. when people lose confidence, and wake up, saying this is unsustainable, we no longer can prop up wall street, then there a panic out of the dollar and out of the system. i think that the end stages are what we should be concerned about. they are getting closer all of the time, they are getting serious, then we'll be out of federal reserve, and we'll have to do revamping or get rid of it, and have new monetary poli policy. but that is on the horizon, not probably next year. it will be a while. charles: real tough when you describe a dawn of the dead, end of the world fee aso as only way out. -- fiasco as only way out, but human nature is such it takes those things to give us a wake-up call. shifting gears, your reaction to something that senator reid said, he complimented your son rand paul. >> i met in last few days with rand paul, i have grown to really like him. he wants to get things done here. i find ttat thr

law being set up to work one way and then the president under pressure from his base by executive fiat just saying, basically a line item ve the to saying i will change it. >> this is something they had to issue rules on. they will hide behind that process. this isn't the first time he's granted special treatment to the unions. they granted 1700 waivers and half the people affected by those were union oh members. oddly enough. this will continue. you have the cadillac fee that will be coming in the future. i'm sure the unions will rail against it and try to get an exemptions from that as well. we have to be very watchful. that's what we are trying to do now is raise the profile. appreciate the fact that you are raising the profile so we can make sure the ruling doesn't become permanent. >> people need to know what's going on. they need to pay attention. senator, good to see you. thank you. >> have a good night. i hope your voice heals. >> thank you very much. getting recommendations from the viewers which i appreciate although i don't think i can take prednisone during the break. does

somewhat disconcerting to my world view, i think it's something you need to understand about how a fiat monetary system actually works. i can't put any holes in this thing and it helps explain things in a much more realistic way than the way we've been dealing with finance. all our finance laws are based around hard money which is something i kind of like but you can't apply hard money to a fiat monetary system. so i would like you to look into this. i would like to hear what you have to say. >> first, it's incredibly complex as you pointed out there. there aren't truthfully that many people who completely understand. it's all theory, based on what's happened professor in th things do always do change. from my standpoint i wish the federal reserve only had a single mandate, which is preservation of monetary stability. we should really be looking at prices. one of the issues that the federal reserve has been grappling with is deflation, which is probably more harmful than actually inflation. but in dealing with it in printing all this money we certainly enable the fiscal mismanagement an

in some cases, the governor of kentucky was able to do the expansion by fiat. just about a month ago, john kasich used a fairly obscure budget panel made up of lawmakers and other folks who were able to sign off on this expansion. all that entails is the state accepting a bunch of federal money and carrying out the expansion. host: brian is on our line for republicans. caller: how are you guys doing this morning? host: good morning. caller: i have a question. i was wondering if you are blaming the red states for opting out? which side do you lean on? you seem more on the liberal side this morning. if you could answer those two basic questions. guest: in addition to the budgetary matters, the political dynamic right now about the affordable care act is that for the most part republican politicians at the state and federal level do not want to be associated with this law. what you see in a lot of cases is policymakers saying we do not like this thing. "our voters do not like this. i do not want my fingerprints near this." if they expand medicare, i think they fee

downtown san francisco along the bay bridge. 53 in san francisco. 50 oakland, 47 at redwood city and fiat san jose half moon bay and are top come are here's 37 degrees at santa rosa getting really chilly up north. fairfield 43 at concord livermore and one more live view from the sutro tower cam are looking out over san francisco. forecast feature clearing out turning clear chilly overnight. spare the air tomorrow and dry mild pattern will continue into the new year. i hope not too far into the new year. satellite image show the high cloud moving through. beginning to push to our south and east. becoming the high of massive cloud that produced no rainfal rainfall. we have high pressure building in again and that will keep us dry and mild for the next several days right into next week and start of the new year. forecast animation 11:00 o'clock tonight and few more high cloud pass by tonight mainly along the coast but sunshine will certainly return tomorrow and with it our mild and dry weather pattern will continue. overnight tonight look for chilly conditions in the inland valley low pressu

page document to the obama administration saying here's how you can get thing done through executive fiats opposed to going through congress. do you expect with podesta on board this president is going to make a lot more changes through executive action than he has in the past? is that the way he's going to govern next year? >> possibly. i don't think he's going to give up on congress altogether. as we know, unemployment insurance for 1.3 million americans expired yesterday. you have to work with congress to extend that. comprehensive immigration reform is another thing that this administration and democrats and even some republicans want to get done this year. you can't go around congress for that. that's -- i think that that might be one direction that they go. but i don't think they're going to give up on congress. one last point, john. the president in 2011 had similar poll numbers, right around 40 p-bg -- 40% approval rating and he was able to get reelected. he's been in this position before in the white house and administration and he himself has been able to figure out ways to rega

obamacare's given us a new form of government, the kind of serial revision of settled statutes by executive fiatsvers and all the rest. given this, why would any republican vote for an immigration bill knowing that the president can and very likely would waive any part or all of it as pseudonym? i mean, aren't you in a legislative branch, you're fighting in washington -- >> yes, i hear it all the time. i'm sure the lack of trust and the disgust that goes on there is high on all ends. the bottom line is, you have 11 million people, george. and what we have said, i'd rather those people pay their fine, get in the back of the line, learn english, pay taxes. they're using the system anyway. deport the people that come here illegally and commit a crime on top of that. but i know the purists, basically, they got here illegally, ship them back out, that's not a reality that we're going to be facing and we've got to do something. >> all right, senator, thanks so much for your time on "center seat." i really appreciate it. that's it for the panel. stay tuned for an uplifting holiday moment. farmer: hello,

oversupplied is fiat, and dodge and lincoln. what are your plans for celebrateing new year's eve? fast food restaurant is charging $1,100 a couple to watch the ball drop. apple bees is charging $375 a person. dave and busters only $125 for each adult not including the games, however. >> location, location, location. happy new year. >> happy new year to you, too. >> more news: millions tomorrow will witness a first at the tournament of roses in pasadena. a couple are tying the knot on a wedding cake threat, the same sex ceremony the first of its kind in the 125-year-old. not everyone is happy. a group that supports proposition 8, the ban on same-sex marriage is calling on a boycott for promotion of homosexual marriage. the couple are honored to have so many people witness their ceremony. >> you can watch the 125 the tournament of roses parade tomorrow on new year's day at 8:00 a.m. right here. >> the weather is going to be great for the game. how about the people watching the game? >> it will be in the 60's, ten degrees cooler. >> very comfortable. in our living room. with the tv.

because bitcoin is virtual and because it is not based on any asset remember even a fiat currency is backed by the currency of that specific country. bitcoin isn't backed by anything. it is based on some arbitrary value that we sort of assign to it. john the problem is until bitcoin becomes more widely accepted, until it sort of is tied to an asset, until i can say okay, can i buy a porsche 9/11 which costs about 100,000, i know what that value is, the merchants exchange it for the local currency, i'm looking for bitcoin plays and right now, we don't have that. >> where can you use bitcoins now? >> online, a lot of retailers, believe it or not, there are some retailers that are accepting them. mostly you are going to find fragmented retailers, a lot of them overseas, not in the u.s., do your homework. there is no regulation, there is no regulatory body that covers bitcoin. they are tied oto the local currency that they are located in. if they are in europe they're probably tied to the euro. >> the fact that a lot of people don't take them, why don't just use money? i'm not really sur

i think fiat gets it first. great theest heist ever, the aol deal back in the day. >> heist. >> he'd be thrilled with that. >> i think he is thrilled. >> looks pretty happy, i agree. >> all right. let's get to the trade of 2014. this is the one to watch as we enter the brand new spanking year. so b.k., what is it? >> so last year we talked about you could buy japan, sell the yen. that's been a massive trade. still going to stay in the asia-pacific, but i'm going to go with australia so why now? why the australia dollar has weakened significantly but still massively overvalued. last evening australia abolished their debt ceiling so they won't have any worries about that anymore and they will be able to stimulate the economy, so in this case how do you trade it? there's not an etf out there that does it for you. what you have to do is you have to buy the ewa and let's say, for example, you buy 1,000 shares and roughly $25,000, then you short fxa and short about 240 shares for every thousand shares and the reason w