i love doing it. >> kevin faulconer mayor of san diego, joining us in studio.s for joining us, mr. mayor. when we come back the latin america report and details of the ubs forecast for 2015. ♪ >> welcome back. it is time for today's latin america report. ubs has posted its 2015 gdp forecast for latin america. gdp was cut to -5/10 of a percent from 6%. the main driver reduction in commodities. venezuela was reduced to -7% from 1.5%. that's your latin america report for this tuesday. up next, a bloomberg exclusive. matt miller has an exclusive interview. we continue in a moment. ♪ >> welcome back. it is 45 minutes past the hour. let's check bloomberg world news. india's prime minister has suffered a huge setback. his party has been trounced in state elections by an anticorruption party. the world's best-selling luxury car brand finished only third in that category last month. both audi and mercedes beat bmw in january. bmw sales rose just 6%. both audi and were sadie's have vowed to -- and mercedes have vowed to recapture the luxury carmaker crown i 2020. we will