brendan greeley has looked at this carefully.-kumar is with us today on tensions between the new government and central bank. pick it up here. >> one of the issues in india has been the question of whether the central bank is independent. there was a great article this "ft," and is the central bank independent? >> dostwo things. -- subordinated to the finance ministry, in -- the indian case used to be typically in fact subordinated to the finance ministry, but now there is an independent person and they call him a rock star in his own right. he is clearly charting an independent path. >> but what is critical here, have done many panels with him here at bloomberg. is he bringing an american central banking to such an interesting economic experiment in india? , and the mostis important revolutionary feeling on his side is to say that he says bringing down inflation is the way to create growth. that is something that the industrialists in the government -- >> it is a new idea. >> a completely new idea. and even though the inflation

henry raymond refused to attend this meeting, because he hated greeley. they did issue a manifesto. they sent it to lincoln. lincoln took it and, you know, never answered. and it said, we should respect freedom of the press. the press is entitled to express its opinion. but when it gives aid and comfort to the enemy, it's subject to the laws of war. so they sort of -- this opportunity, it was a funny bunch of papers. the jewish messenger, the catholic weekly, the only ones who dared participate in this little convention. basically they reiterated what lincoln said was the -- what the administration implied was the policy. >> if i can just add one thing about the first. democrats did make the -- about the first amendment. democrats did make the argument. the famous ohio copper head who was arrested and then tried before a military tribunal for disloyal speech, he was arrested under general orders, which essentially said you can't speak against the government's war policy. when he went out, he said i don't believe in general orders number 38, i believe in general orders number 1, mean

joining me, he'll be shopping 10 minutes before me, brendan greeley. leslie picker with us in for scarlet fu, who's on a panic right now. let's get to our top headline. >> you got me to put on a tie. >> you look so christmasy. >> i will never go bow, tom. the dow, 18,000 and counting. the dow continued its remarkable surge yesterday, spurred by a blockbuster report on g.d.p. data shows the u.s. economy grew the most in the third quarter since 2003. the index climbed more than 5.5% over the past five days with the biggest rally since 2011. another fatal police shooting near st. louis, missouri. a man was shot killed outside a gas station after an officer conducting a "routine business check" believed he was threatened with a handgun. police say an investigation is underway and that the dead man's handgun was recovered at the scene. bierk leave is located about two miles from the town of ferguson. that's where the august shooting death of michael brown caused weeks of protest and sometimes violence and unrest. former president george h.w. bush has been h

tom keene with brendan greeley and scarlet fu. >> oil prices continue sliding.hey will not stop with prices 2009. lowest since wti falling below $65 a barrel earlier today. the implications are global. hans nichols joins us from berlin with his view on oil. falling oil prices is good for -- >> in some cases this is a theoretical case. you look at the physical market and the futures market, the futures market is 30 times bigger for oil. what we really have here is a test case, one for the books for the economics department -- what is the break even point of u.s. shale? that is what no one knows and that is what the market has seen. case,m costs -- for tom's we will see you in europe. maybe twice this year, not only for dollars -- not only for davos, but for a ski vacation sometime in march? that opec is likely to hold another meeting before june at which it could make a decision. what are you hearing in terms of a response for opec coming sooner than expected? >> until opec says something officially, you cannot take anything at face value. until opec gets everyon

greeley actually tries to get lincoln in on a scheme of his. he's been in discussions with a couple of men in canada. they're confederate agents, and they have told greeley that they are authorized to negotiate for peace. lincoln doesn't believe this. but he sent his personal secretary up to niagara on the canada side with greeley to talk to these men about brokering some sort of a peace deal. it very quickly becomes apparent that they actually have no authority whatsoever to be having this conversation. greeley comes back to new york with his tail between his legs. but lincoln takes this opportunity to explain to the public that he has these two war aims. and that unless these two aims are met, that he will continue to prosecute the war on the battlefield. he's hoping, in making this announcement, making this very clear again, to smoke out jefferson davis, and to get davis to say publicly that his war aim is independence. davis doesn't really bite on this. lincoln's idea was that if davis would just make this announcement, maybe the northern p

joining me, scarlet fu and brendan greeley. we need sometime headlines. >> we are singer global selloff today and it is being led by the biggest drop in chinese stock since 2000 nine. the index dropped more than 5% after the government tightened collateral rules for short-term loans. between of ember 21st and anderday, it had sort 21% had closed at its highest in 2.5 years. oil prices keep plunging. they have not been as low analyst 5.5 years. west texas intermediate rebounded slightly today. inq is joining saudi arabia cutting customers for the biggest customers in asia, a sign opec members will do what is necessary to preserve market share. >> we may see a significant shift by the federal reserve's open market committee as their meeting next week, considering whether to drop their promise to hold interest rates low for "considerable time." dennis lockhart says he is in no rush because they are still danger of raising rates too soon. amazon is looking for ways to deliver your package is sooner. biken is testing messengers from

brendan greeley, a morning must read. the shorter version of the biography as a way to get to sleep at night. what he wrote this morning about george osborne and the u.k. >> it sounds like classic lord skidelsky. i have not read all of the volumes. >> neil dutta, are we accidental keynesians no matter what we do? >> there is also a certain amount of keynesianism that voters will tolerate, let's not to the germanface edition of "general theory," and what is said. >> oh, please, let us not forget. >> he said the polities in his book would work better for a totalitarian state. is that what we want? >> that is 1936. let's bring this forward to the arts debate between paul krugman and john cochran -- they totally disagree here, and everybody in one of the great themes this year is where is the info structure spending? structure spending a keynesian program or just common sense? >> i think it is common sense. the founding fathers did give the government the right to build coastal roads. -- postal roads. i am just playing devil'

i am scarlet fu here with tom keene and brendan greeley.s morning -- on the horizon for russia, its first recession since 2008 according to the country's deputy economy minister. russia's gdp could fall by almost a full percentage point in 2015. russia feeling the impact of a 30% plunge in oil prices and sanctions imposed over the fighting in ukraine have hurt its economy. the ruble has weakened 26% over the dollar in the last few months. closer to home, it appears shoppers have outgrown cyber monday for stop internet holiday shopping rose 8% yesterday, let's than half the growth rate of a year ago. analysts say that should not be a surprise because he held a season keeps starting earlier for stop amazon and other retailers were offering online deals a week before black friday. and a hill staffewho made a cripple, is about president obama's daughters and a facebook post last week has stepped down. ten, no formerau commander cases director for stephen fincher of tennessee, posted derogatory comments about sasha and malia obama. she told the

brendan greeley and scarlet fu. she's here. she nowled not be here. >> trouper. >> we'll see how long that lasts. >> there's extra honey on the desk. >> you sound like me. >> i do sound like you. >> terrible. >> global stocks resume. asian stocks closed higher. here in the u.s., the s&p 500 headed for its best week in two months the index is coming off its two-day rally in two months. futures did pair their gains but still indicate that stocks will open higher. oil prices rebounding from the lowest close levels from more than five and a half years. west texas trading under $55 a barrel. crude is up as well. saudi arabia's oil minister said it would be impossible for opec to curve. >> an olive branch. he is floating the idea of scaling back sanctions on ukraine. the consider that it's gesture that russia is making that what we are waiting for. there is no reason to enact any new sanctions. they will allow us to start deescalating the situation. >> but british prime minister david cameron says russia has to change its behavior in

me.dan greeley with >> how super was saturday? , not really. into malls and figure out what retailers are doing and you are not impressed. --it is a pretty saudi state sorry state. i sat in the mall on saturday, taking a break, having a coffee, and you look this way and there , 50%, 20%.he window you don't have to move. you look at the windows. big sales. >> is this a consequence of changing consumer behavior? is there something that retailers can do about this? >> remember when stores used to have creative things to draw you in? it doesn't happen anymore. >> are we over retailed? are there too many stores after a 40-year buildup? many bigtely, and too stores. but we see a lot of closings and downsizing and the internet is taking a lot of sales and traffic out of stores. what is the benefit of bringing people into the brick-and-mortar stores when they can shop online? and it wase mall pretty simple. >> i think it is a matter that stores.too many people like to go in and touch things and get inspired but just as many like to order online. we nee

i am scarlet fu with brendan greeley.e day, enjoying a nice day because it will be quiet and calm and, finally, we will not get some rain here. >> we are looking at a picture of new york right now. let's get to our top headlines. china planning a big purge of foreign technology. it wants chinese suppliers to provide infrastructure for banks , the military, and other state institutions by the year 2020. the plan for changes are driven by national security concerns and could have lasting consequences for u.s. companies. wells fargo becomes the world's most valuable link -- bank. retail bank deposits -- according to data compiled by bloomberg, wells fargo get 78% of its funding from deposits. 90% or smaller amounts from individuals and other account holders. the tank is within tripled its deposits over the last seven years. lotsoliday season means and lots of lights, so many that nasa can bought all of it from space. according to satellite analysis, it reveals my time lights in and around you metropolitan areas brighter arou

i'm here with brendan greeley and erik schatzker.at the open but the s&p and the dow start the day at the record high the nasdaq at its highest level in more than 14 years. toilet all -- turmoil in greece has rocked the market. stocks increased fell as much as 11% but have since recovered slightly. spanish and italian bonds also dropped. >> in the meantime, dramatic moments of the coast of the greek island of corfu. rescue teams say they saved more than 400 people from an italian fairy that was on fire. but investigators say the missing air asia jet is probably on the bottom of the ocean. there were 152 people on board. aviation consultant john mcgraw said the mystery was that the crew did not make a distress call. before the plane vanished, the pilots had asked to fly higher to avoid storm clouds. >> the top 10 headlines hitting the radar before the bell. our bloomberg managing editor is helping us out today. number 10, guys, we are watching the european markets. losses following the greek prime minister failing again to try to get

joining me is scarlet fu and brendan greeley.came to a fresh three-year high today and the index rose for a 12th straight day. investors are encouraged by data showing china is in planning -- importing less while exporting more. west texas intermediate and brent crude fault of fresh five-year lows. signs that oil output is increasing even after opec decided not to cut production. >> banks have a message for their biggest u.s. customers, take your money elsewhere or pay up. according to the wall street journal and regulations are making some deposits less profitable. bank of america and others will start charging fees on accounts that have been free for big customers. madoffrs after bernie admitted to running the biggest ponzi scheme ever his inner circle will be sentenced for its role. helpinge millions while made off $18 million scam. bernie madoff is behind bars for the rest of his life. >> royal fever hitting new york city with the duke and duchess of cambridge. they will meet with the first lady of new york to see a nets bask

joining me is brendan greeley and olivia sterns. possible tiesth to the islamic state is holding hostages in a cafe. five got up earlier. it is not clear if they escape your release. as many as 15 others are still a being held. the gunman has demanded to speak with the prime minister tony abbott. >> we don't yet know the motivation of the perpetrator. we don't know if this is politically motivated. there are some indications that it could be. threatgovernment cited a posed by the islamic state and raise the terror rating. a sweeping victory in japan gives the prime minister a mandate for his reform package. it forced leader of the opposition to resign. thirdsnt more than two of the seats in japan's parliament. obama congress is getting a green light for stricter sanctions on russia. it allows them to send russian -- weapons to ukraine. it is the largest leveraged buyout this year. a group led by a british company is buying petsmart. beat out another firm. petsmart has been hurt by other retailers. holidays,et near the it's the busie

joining me, tom keene and brendan greeley. -- scarlet fu and friends in greeley. -- brendan greeley. russia across central bank bankssia's central increased its interest rates to 17%, gained, and also the game. of its gains.ll the yen keeps strengthening. the yield on the japanese five-year fell to a record low. the yield on the 10 year rose. oil sprintedof past another milestone today. west texas intermediate fell below $55 per barrel for the first time in five years. brent crude fell below $60. oil is now down 45% this year. it may fall further. opec should not be expected to cut output while other producers cut more. -- pump more. policymakers at the federal reserve a two-day meeting. the fed's open market committee is seeking a way out of the loosest monetary policy in a century. it is another commodity in challenge. how about orange juice? it is still the most popular fruit beverage in america. we just nondrinking at the way anita bryant told us to. tropicana has lost a third of its sales in the last decade. stunning. the popularity of diet sports drinks -- diet soda, sports dri

brendan greeley are joining me again today.tep early elections after the prime minister failed to win enough backing for his presidential nominee in the second of three attempts. the attention turns to december 29. this wasn't supposed to be an important election. the presidential role is just ceremonial. if they have to have a snap election, everybody is terrified. >> i have a theory that greases the yahoo! of countries. it out reporting about of habit. it's just not that important anymore. when we saw the news this morning, we went full aaron sorkin. at two-year yields spain, markets have differentiated what greases doing. ireland is being massively successful right now. greece may not matter. we got dinged. >> that sums it up. >> the ruble is getting for the third day on speculation that tax payments boosted. it's not that the central bank intervened, what happened is the kremlin ordered companies that had already controls to buy rubles. >> they are worried about giving rubles to banks and bailouts. the banks are just going

here's brendan greeley.s is dead serious, go. >> i was deeply moved by something i read in bloomberg view this morning. the english pub is disappearing. mark gilbert from bloomberg view writes the threats to pubs are many. cheaper supermarket booze keeps cash-strapped drinkers at home. the u.k. property market makes anything with four walls and a roof a lucrative apartment conversion opportunity. my favorite detail in this story, did you know that the u.k. has a community pubs minister. i missed my calling. but it's a really concern. the pub is so central to british life that, if we lose them to property values, that a central part of english drinkingness must be lost. >> give us wisdom. the only pub i've ever been is in the one in the basement of what are rod's. >> i was looking this morning at the english pubs i used to go to. i used to work in st. james. the first one -- the red line, we have pictures, we have some pictures of the red line where did you. here's the deal with the red line. people used to g

and tom keene with fu greeley.e for the must read. >> we're getting to the end of the year. >> not of the year, but how about the financial crisis? short and sharp, our guest host, -- i'm spence in 2010 gasping, i'm so excited. type one, type two mathematics, which we're not allowed to do before 11:00 a.m., but within that is the idea of overreaction. let's start four years down the road. if we overreacted in a new reaction -- regulation. >> yes, i'm pretty sure in some dimensions we have. we were alerted to the need for safety and we probably overdid it in some places. >> today, the headlines are jpmorgan and the evil jamie dimon, they need to come up with 20 to dollars -- $20 billion. it is like, six days revenue? i'm kidding, i don't know. do scope and scale of these billions and billions, are they all that big? i think you're raising important point. my view, to put it simply, is you have to figure out which balance sheet is line behind this. and if there is a big balance sheet, whether it is a country or compa

joining me scarlet fu and brendan greeley. our top headline -- i am guessing the ruble. >> you are absolutely right. earlier in the day, the russian currency strengthened into a seven-day wrap that had shaved off 22% value. it has now fallen back to the 67 to 68 range. the government's position -- the ruble is undervalued. >> of course everything we have been talking about is on the stabilization of the ruble. we believe that the exchange rate is not correspond to fundamental macro economic development. we see how it breaks apart from the oil price movement. >> meanwhile, apple has had enough of the ruble's wild swing. s stopped online sales of its products in russia while it reviews pricing. russia plans to pump the same amount of oil next year as it did in this year. west texas intermediate has been down as much as 2% and has been trading a little under $55 and barrel. versus theecutives board at american apparel, the struggling retailer that targets teenagers. the company has fired founder dov charney for misconduct. more t

we are here with brendan greeley. happy boxing day. >> happy i am not hosting christmas dinner day. >> we have some of brendan's eggnog coming up. >> i'm excited because i got up early this morning to make eggnog. cartoonve a new yorker is coming in. i think we've got a lot of stuff that we may not have known about already. clinton'shillary innovation guy when she was secretary of state. sayill see what he has to about the ongoing hack attack on sony. we both got to see the movie. let's take a look at the top stories. mentioned, "the interview" filled cinemas in a limited christmas day release. it was without incident. it opened on 300 locations and was made available online area the film had been linked to the hack attack. live and's xbox problemson were having on christmas day. the videos affected games online. the same group took credit for an attack earlier this year. estate supreme court judge rejected the banks action which seeks $10 billion in damages. vladimir putin has a holiday message for the members of his

joining me, tom keene and brendan greeley. -- scarlet fu and friends in greeley. -- brendan greeley.nkssia's central increased its interest rates to 17%, gained, and also the game. -- then lost all o

greeley here on this thursday as well have the ecb with their news.ess it is breaking news. >> it just happened. european central bank left all three interest rates unchanged. -.2%. the focus is 8:38 when mario draghi speaks. another heat on the three most important people in monetary policy. the caucus of nine. there's only a german on the ecb board. she is an economist and she has the german line. but as i can --jens weidman is no. neoclassical -- >> i don't take it that way it o is.lled puerto -- ord anticipate i you save anything. gains. is a fourm -- gains letter word. germany things one way and the rest of the continent needs of the different. our fedave to look it policy that you have, do you play the parlor game of when yellen will act? there is a risk, the buddhist bank will only be dragged -- bundesbank will only be dragged kicking and screaming. our fed remains easier for longer while the ecb remains tighter for longer so the euro has gone from 1.40 to 1.23. they have really done nothing to actually do this but janet yellen -- i don't think

i am betty liu here with brendan greeley and erik schatzker. we have a packed show lined up for everybody. investors wait for janet yellen to make her move on interest rates in 2015. we will be talking with the former chairman of the federal reserve, alan greenspan will be in the house with us -- >> the maestro. >> will fed policy derail housing? we get the fed reading, case-shiller index. yale professor bob shiller will be joining us. princeton professor alan krueger will be joining us. he has argued all year long the u.s. has to address income inequality. will that change in 2015? here they look at top stories is morning. a breakthrough in the search for the missing air asia passenger jet. debris has reportedly been found . indonesia's navy has spotted debris that says may be an emergency exit door. at least six bodies have been found. the air asia plane disappeared while flying from central indonesia to singapore. >> stocks are falling around the world this morning. futures indicate u.s. stocks will be lower at the open. energy stocks are le

brendan greeley on our website has this uber rant. >> brendan greeley granting.ne, ranting. sony, the plot thickens. hackers likely spent months collecting passwords studying sony's network before releasing .ersonal e-mails in response to sony's film "the interview," which depicts the assassination of kim jong-un. everybody on twitter saying how dare sony in response to sony's film "the do this. let's be fair to sony. knew this was going to become traversal. -- they knew this was going to be controversial. there were threats of bodily harm and they wanted to make sure people were safe. this is not the first time we have seen hacking like this. we have seen it on a more expanded level. it is a scary for copyright products in general. i'm a big believer in protecting content. i think it also protects our privacy. byse things are threatened something like this. this is not going to be the last thing. >> that is what gary vaynerchuk was saying earlier. number eight, stephen colbert, a star-studded last by something like this. broadcast. stephen colbert moves on to re

joining me, brendan greeley, and the minimally talented, spoiled brat, scarlet fu. she has our top headlines today. are you starting with angelina jolie? >> we will get that. >> take the high road. >> absolutely, because i a married, married, six kids. all right, in hong kong, a group of pro-democracy protesters is making their last stand right now. police removed the barricades and tents around government offices. they started taking away protesters who refused to leave as well. student leaders say they will remain until they are arrested. the protests began 11 weeks ago. hong kong's government has rejected the key demand that the city holds re-elections for its leader. once again, oil holding near a 5 1/2-year low. they're recovering today after yesterday's sliding. they're still trading for less than $62 a barrel. meantime, the drop in oil prices killing bonds. bonds issued by the state-run industry have now fallen to 55 cents on the dollar. the yield is up to almost 50%, brendan. >> in washington, the house is set to pass a spending bill today that would avert a

joining me is scarlet fu and brendan greeley. news from the white house. president obama has made it official. he's nominating ashton carter to be the next secretary of defense. more on that from peter cook in a moment. congress is one step closer to a deal on a budget bill that would push off the fight on immigration until january. one of the keys is a symbolic protest president obama's order. spoke. boehner >> be president found his nose at the american people. the house will make clear that we are rejecting his actions are >> it would fund most of the government through september. cuttings central bank its forecast. the bundesbank says the economy will grow 1% next year. the government reported that german factory orders increased in october 5 times faster. >> hope springs eternal. spread over the eric garner case. a black man who died in new york after a white police officer used a choke hold while arresting him. the grand jury decided not to indict the officer. many police departments are rethinking the way they use force. oil prices have resumed thei

i'm here with brendan greeley and erik schatzker. i'm betty liu. michael wolff, the founder of activated, former board member of yahoo! and former president of mtv networks is joining us. a big surprise in tech and calls we made that turned out not so well. but what about the year on wall street for record fines? elizabeth warren in her fight against fat cat bankers. we will break it all down for you. and also bill go an hour contributing editor will be joining us. but first, ending the year in an appropriate fashion, yes falling again. intercept and down almost 2% in new york today, bringing the loss in 2014 to 46% for oil. it has not fallen this much since the financial crisis six years ago. mean time, -- in the meantime and -- >> search crews have recovered more bodies and debris in the java sea from that crash. the airbus a320 crashed on its way from indonesia to singapore. indonesia's president spoke at a briefing. >> my deep condolences to the families of the passengers and crew. i am feeling their loss and i am -- and i pray that they are gi

and probably most pertinent to tonight, horace greeley spoke. which brings me to introduce our guest tonight. sam roberts has been "the times" urban affairs correspondent since 2005. prior to the time he worked at the "daily news." he's won numerous awards. as a journalist, he has written books on grand central terminal, rockefeller, the rosenbergs and many other subjects. you can hear him on podcasts. he has produced documentaries. he is the host of "the new york times closeup" on new york one. and he was born here in brooklyn. [applause] yes! i think of him as someone who is superhuman in his powers to be in more than one place at one time. his latest book -- "a history of new york in 101 objects" took some superhuman powers narrowing it down. so, without further ado, let's hear about that book. please help me welcome sam roberts. [applause] >> thank you. thanks to all of you for coming tonight. thanks for inviting me. it is great to be back in brooklyn. my son and daughter-in-law live a couple of blocks away. so i get to come here often and v

joining me is scarlet fu and brendan greeley. news from the white house.e it official. he's nominating ashton carter to be the next secretary of defense. more on that from peter cook in a moment. congress is one step closer to a deal on a budget bill that would push off the fight on immigration until january. one of the keys is a symbolic protest president obama's order. spoke. boehner

i am tom keene with scarlet fu and brendan greeley.r top headlines. >> overnight, in announcement that commerce has reached a deal for u.s. spending bill that would avert a government shutdown. but there is something for everyone to dislike in this bill. conservatives are unhappy because the bill failed to challenge president obama's immigration policies. some democrats displease because the bill rolls back rules affecting banks and clean water. leaders in both the house and senate support the measure and the house is expected to vote on it tomorrow. chineseal of fortune in stocks a day after a route and chinese equity sparked a global selloff, rebounded almost 3%, perhaps resuming its

brendan greeley joins me this morning. story is oil. it's trading at a five-year low. will maintain their output even though prices at the pump have been cut. do some believe the bottom is near and oil? understand how they reached that forecast. >> it was called roughly in the forecast of the second quarter of 2015. >> imports and exports contracted. if china's slowing down, where is the demand going to come from? >> opec did not do anything to supply. the concern now is that u.s. produces of shale gas were -- will go out of business as the prices of crude drops below the two dollars. >> it takes a long time for the response to move on from this. every new day, we learn something new about economics because nobody is prepared for cheap oil. >> that's true. stocks are starting to type this morning so let's talk about oil and the global economy with jim o'neill. after u.s. employment data, we set them of the former pimco ceo mohamed el-erian and how he -- and he stressed how it creates a gap of the rest of the world. really interesting for wall street because it raises n

joining me is brendan greeley and olivia sterns.o the islamic state is holding hostages in a cafe. five got up earlier. it is not clear if they escape your release. as many as 15 others are still a being held. the gunman has demanded to speak with the prime minister tony abbott. >> we don't yet know the motivation of the perpetrator.

brendan greeley. a lot of news. >> russia may be falling into its first recession since 2009.minister, russia's gdp may fall by a full percentage point in 2015. feeling the impact of the 30% drop in oil prices. sanctions of really fighting ukraine have heartbeat economy. leading the ruble to weaken against the dollar. vladimir putin in turkey.

joining me, scarlet fu and brendan greeley. arco a standoff between safety regulators in the u.s.airbags. takata is sticking to recalls only in states with high humidity, which has been blamed on the airbags' non-function. theirtors are considering next move. a congressional subcommittee will question a takata executive later this morning. another sign russia may be headed into recession. the service

joining me, scarlet fu and brendan greeley. here's scarlet fu. >> we head to washington.e senate will begin debate on a $1.1 trillion spending bill. late yesterday, the house narrowly passed the plan despite opposition from emocrats and republicans alike. nancy pelosi spoke out against it. >> i'm enormously disappointed that the white house feels that the only way thebling get a bill is to go along with it, and thou

joining me, scarlet fu and brendan greeley.. >> we are singer global selloff today and it is being led by the biggest drop in chinese stock since 2000 nine. the index dropped more than 5% after the government tightened collateral rules for short-term loans. between of ember 21st and anderday, it had sort 21% had closed at its highest in 2.5 years. oil prices keep plunging. they have not been as low analyst 5.5 years. west texas intermediate rebounded slightly today.

too good to believe good eyesight you get these goods for tom keene and the crew including brendan greeley's very tacky sweater. we were planning to put this to the test in rush-hour traffic. >> very early in the morning on christmas eve would be easy, but yes indeed, we should see if we can do it again. it says one-hour delivery is available to here and we should get it by 9:28 a.m. i've taken the liberty of taking a couple of items out, not just for you, but for matt miller as well. i don't want you to know what i got, but i can just show you quickly, they have a couple categories -- everyday essentials, gifts, travel basics. the courier pulled us that a lot of people order toiletries instead of going to walgreens. they order it from amazon instead. i will go straight to check out. oh, i don't want anybody to see what we got. >> people are very lazy. i have relatives who have been ordering people towels on amazon prime. >> i thought you were ordering paper towels. >> ordering them for the apartment. >> i'm going to place the order. and shortly i should get a issage that says "your oder --

joining me scarlet fu and brendan greeley.guessing the ruble. >> you are absolutely right. earlier in the day, the russian currency strengthened into a seven-day wrap that had shaved off 22% value. it has now fallen back to the 67 to 68 range. the government's position -- the ruble is undervalued. >> of course everything we have been talking about is on the stabilization of the ruble. we believe that the exchange rate is not correspond to fundamental

scarlet fu with brendan greeley and leslie picker of bloomberg news. tom keene is off.in is trying to reassure the russian people about the economic crisis. conference,l press the russian president predicted the situation will last at most two years. he said russia should not waste currency reserves to prop up the ruble. putin blamed outside factors for the economic slump. >> this situation has been provoked by external factors. we believe that a lot has not been done by us of which we

joining me, he'll be shopping 10 minutes before me, brendan greeley.n for scarlet fu, who's on a panic right now. let's get to our top headline. >> you got me to put on a tie. >> you look so christmasy. >> i will never go bow, tom. the dow, 18,000 and counting. the dow continued its remarkable surge yesterday, spurred by a blockbuster report on g.d.p. data shows the u.s. economy grew the most in the third quarter since 2003. the index climbed more than 5.5% over the past five days with the biggest rally since 2011.

brendan greeley and scarlet fu. she's here. nowled not be here. >> trouper. >> we'll see how long that lasts. >> there's extra honey on the desk. >> you sound like me. >> i do sound like you. >> terrible. >> global stocks resume. asian stocks closed higher. here in the u.s., the s&p 500 headed for its best week in two months the index is coming off its two-day rally in two months. futures did pair their gains but still indicate tha

joining me, brendan greeley, and the minimally talented, spoiled brat, scarlet fu.dlines today. are you starting with angelina jolie? >> we will get that. >> take the high road. >> absolutely, because i a married, married, six kids. all right, in hong kong, a group of pro-democracy protesters is making their last stand right now. police removed the barricades and tents around government offices. they started taking away protesters who refused to leave as well. student leaders say they will remain until they are arrested. the protests began 11 weeks ago. hong kong's government has rejected the key demand

henry cabot lodge and probably most pertinent to tonight, horace greeley spoke. which brings me to introduce our guest tonight. times"erts has been "the urban affairs correspondent since 2005. prior to the time he worked at the "daily news." he's won numerous awards. as a journalist, he has written books on grand central terminal, rockefeller, the rosenbergs and many other subjects. you can hear him on podcasts. he has produced documentaries. he is the host of "the new york times closeup" on new york one. and he was born here in brooklyn. [applause] yes! as someone who is superhuman in his powers to be in more than one place at one time. his latest book -- "and history of new york in 101 objects" took some superhuman powers narrowing it down. so, without further ado, let's hear about that book. please help me welcome sam roberts. [applause] >> thank you. thanks to all of you for coming tonight. thanks for inviting me. it is great to be back in brooklyn. my son and daughter-in-law live a couple of blocks away. so i get to come here often and visit with grandchildr