joining us is ian bremmer, president of the eurasia group from new york, and jonathan ferro with all the market action. in, you say that this is still a geopolitical story. what do you mean? >> what i mean is that the russian economies and free file -- is in freefall, largely because of oil prices and not sanctions. mr. putin is still over 80% approval and that is not because the economy is falling but because he has roped himself in his major geopolitical fight. he is in a position where maintaining sanctions and scapegoats is not only useful but it may be seen as critical in this very dangerous period. the markets are looking for him to back down and work with the europeans and reduce sanctions. internally in russia, the absolute opposite logic is applying. you have seen so many political dangers percolating from russia in the course of the last weeks, from major cyberattacks and the near miss of a russian military jet with a commercial airliner. these are the kinds of things that will be much more dangerous in the coming days. , who would be his scapegoat? 9is medvedev in trouble?

. >> rose: we continue about foreign policy with ian bremmer and a conversation about russia. >> here is the problem is the short-term is longer than almost any american i notice. there are a lot of wishful thinking that so far you put all of these standings against him, at least ten different sanctions in place against escalation for his misbehavior and miss dealings in the ukraine and his willingness to back down has been precisely zero. his approval ratings have stayed in the eighties, up 88 percent in october at one point and still in the mid eighties, there is a large demand in russia for someone to stand up and tell the west that's it. >> rose: we conclude this evening with harry shearer and his production "nixon's the one". >> he is the most interesting as a character person to have high office in this country at least in our lifetimes. >> rose: because? you know, they say that the gri a city of a personality can be detected in the number of the folds inform the cerebrum. >> rose: and he has the most folds. >> the most folds. >> rose: cuba, russia and a harry shearer when we co

joining me now, ian bremmer. him back at to have this table. welcome. do cuba for a moment?ou're constantly talking to world leaders. this is news to everybody. a dramatic step by the president. what are the implications for that in latin america and the united states? >> it's about time. 50 years. the cuban-american population, sentiment haso died off over a long time. a lot of companies in the united states want to go back. you don't have these issues. it is just hurting american companies. there have been people who have tried to go back. deal.s a big it is a big win for both countries. what's in it for us, our companies? it is a closed market right next to the united states for the tourism will be extraordinary. or has been offshore drilling there. american firms will engage there. you suddenly have a new site in your backyard to make money. a lot ofd point, places will take a hit. you look at cancun. the tourists are going to go to cuba. if you were doing big deals in the bahamas you might see those that operate. bad is this economic decline. will be in -- and the impli

i talked about the recent situation with ian bremmer. he compared this cold war with the last one. >> they're doing a lot of business with the russians, it really matters. number 2, the europeans are not with us as much as we would like. earlier today, the european foreign minister, after tall escalation with moscow, i don't think the russian prime minister is a good guy, let's be clear here, we should focus instead on reform for ceafer. kiev. that's the foreign minister. thirdly, the americans don't care that much. at the end of the day we're talking about ukraine. we're not prepared to prop up this government economically. we're certainly not prepared to fight the russians over a noneuropean ally. and putin feels like he has an avenue to win. he's been escalated. >> i just came back from these eastern european countries where rightly or wrongly they do care. the west is not stepping foot in milmilitarily. the people in poland are worried, rightly or wrongly. the latvian, the lithuanians, you turn your eye your back on russia they'll in

joining us to talk about this, ian bremmer and michelle caruso-cabrera. -- i made a comment and said could the geopolitical world get worse as a result of this given that these countries could effectively go bankrupt at some point. and we thought either -- >> pretty bad already. >> it's pretty bad already. or how much worse could it get? i ask you. how much worse could it get? >> so in the middle east it's not going to get much worse. the reason for that is the countries all under pressure under consequence of the oil prices come down, have the money to spend domestically. they've got surpluses, oil savings in the bank. the saudis, the kuwaitis and the rest. but they're spending it internationally. oil prices stay down through 2015, 2016, the second order countries that have been getting this aid, they're going to get squeezed. but you're not going to see instability in the gulf states themselves. russia, on the other hand, is going to start to be under significant pressure. and, you know, this would be the right time putin was thinking about i want to co

we talked to your former colleague ian bremmer just a couple days ago.s stay where they are, what happens in russia? >> well, i think basically that the ruble's going to come under a lot of pressure. they spent some $2 billion yesterday trying to slow down the descent of the ruble. it means there's going to be more inflation. what the russians are trying to do now is to protect their foreign exchange. they've got over 300 billion so they still have a lot of room here. i think putin's going to really double down. he's going to try to, i think, find one or two speculators, domestic people to arrest and focus on and try to stem -- >> saying i'm going to call for tough measures. i mean, he's going to lock somebody up? >> i think he's going to lock somebody up, yeah. >> locking somebody up is going to do what? >> i think it's going to potentially scare others domestically by -- from betting against the ruble. that's not going to stabilize the ruble. >> that's the point. it's not going to stabilize the ruble. so just going to score political points? >> yes. so

bremmer, is ian president of eurasia group.t 7:00 and 10:00 new york time right here on bloomberg. aubrey david, the world's richest soccer club -- abu dhabi , the world's richest soccer club, has a new training facility. bloomberg went to find out more. >> this is probably as good as it gets. we have researched across the globe multiple swords in old will countries -- sports in multiple countries will stop everything to give us that extra edge as well as insight into how our players are performing. we have the technology to make sure we thought of everything and gave our players every advantage to develop. 80 acres, 16 pages, only four of which will be used by our first team. the other 12 are being used by boys and girls of the youth academy. and a second stadium, a 7000 feet academy stadium this will be the under 21 or under 19 champions league. >> our aim is to have players move through the academy and. -- and up. but football is booming, it's the world's most popular sport -- >> football is booming. if the world's most popu