who is the money pimp please mark carney give me an extra ham sandwich so i don't starve to death as i speculate my life savings away on the housing bubble that you created here in the u.k. like you did in canada like all central banks around the world this toothless reuters horace looking monstrosity of a journalist begging mark carney it was quite pathetic but i think it's a good photo i think that's my takeaway photo for davus well back to the day davus started the form started here in the u.k. the other side of this boom bust sort of financial eyes economy police to ask home secretary to approve use of water cannon across the country the association of chief police officers said that the need to control continued protests from quote ongoing and potential future austerity measures justifies the introduction of water cannon across britain for the first. well i think they should feel themselves lucky that they're going to use water cannons on the on the victims of financialization instead of actually stuffing the victims into the cannon itself and firing the victims at each other an

and then we have the mark carney element.ll be speaking at an event around 1:00. -- around 12:00. we will be talking about what these men have to offer. next focus on that in the hour. then we will turn our attention to france and the eurozone. ovici, the french finance minister, will be joining us. he will talk about where he takes his economy next. we need to talk about the relationship with the eu, the deflation threat that christine lagarde is talking about. francois hollande, we need to talk about what he is planning for the french economy. also, what have we got for you? you have got to find out what the team in davos did last night. some of the pictures of the big events that were out there last night. quite an evening. heads, not amongst our team, of force. hans nichols, what is in that glass? we will find out. >> the elixir of life. a few hotshots on the slopes of davos. catch you later on. >> here are some companies on the move this morning. the anza -- lufthansa has asked a court to blaine it -- to block a planned

mark carney could face that trigger as early as june of this year when he would look at rates again. it wouldn't provoke a rate hike is the rhetoric they are telling us. carney has the alter ego of economies as i say in the u.k. he has storming growth and the climbing unemployment. -- declining unemployment. a statement would undo the word that we look for which is confidence and robust forward guidance. >> manus, thank you very much indeed. the bank ofreaking england rate decisions for you by here on bloomberg television. that happens at noon london time. frankfurt time, we have the ecb decision coming up. we were bring you many rio draghi's press conference live and in full. about 1:30.ng >> here is what else is on our radar. vigodman as its new ceo. >> some other big c-suite changes today. management shakeups at standard chartered. asy have named mike rees deputy chief executive. u.k. eurotunnel passengers will soon be able to use their mobile phones at any point in the undersea journey. this is also true for french eurotunnel users. or even belgian. betweenment was reached the tun

will mark carney go for a change in forward guidance? his credibility may well be shot. rates will be over 1% in the united kingdom by march. do the math. that takes your mortgage rate to 2.5%-3%. bank will be breaking the of england rate decision at noon london time. we will have the latest decision from the ecb. we will also have mario draghi's press conference live and in full. >> it is a top super luxury brand in the world than they have talk to their record for the fourth straight year. ryan chilcote brings us an inside look literally at the british carmaker behind the iconic phantom. being in ther than studio. a little bit of market research. inside the rolls-royce phantom. $500goes for about million. that's the starting price. i thought it would be nice to pimp my ride and move it up from the ford fiesta today. the results are extraordinary. another really good year for rolls-royce. byyou know, they are owned bmw. they sold just over 3600 cars. basically 10 cars a day which is from 2012. 60 cars butoes not sound a lot rolls-royce does not want to make a lot of car

mark carney described as dismal science, but the independence for post relationship. for scotland what kind of independence doesn't include financial independence and will the parliament and english people accept failing financial institutions north. >> that uncertainty worried scottish business leaders in the audience. >> we have seen what happened to the euro. we need to know if there is going to be a new currency all together. i do think its vitally important. >> but the pro independent lobby said such concerns are exaggerated. >> the key point is that it would be in the interest of scott lapped and england, for scott lapped to retain the pound. >> reporter: despite his expressed wish to remain removed from the policies, mark carney has been involved in the debate. it is a yes-no vote but the real vote will not be near as simple. >> garbage has piling up since political fight. every day hundreds of tourists come by bus to the historic city city. but recently when approaching the city center they will be greeted by this. on the way to the famous old bridge, the monu

>>> bank of england governor mark carney has a different dilemma.rs wondering if the central bank will alter its forward guidance. >>> strong holiday season sales and job cuts have sent macy's shares higher in after hours trading. but it's a bit of bah humbug for christmas sales. sending morrison and tesco shares lower. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> if you've just joined us in north america, a warm welcome to you. right now, we're trading some 70 points above fair value. but we have been down 4 out of the first five trading sessions of 2014. the nasdaq at the moment is some 14, 15 points above fair value and the s&p 500 at the moment is 7 points above fair value after being down 0.4% by the close last night. the ftse cnbc global 300 is flat. european equities have been down during the session. this appears to be the worst qualitier for the grosses for around 30 years if you believe what's been going on. economic sentiment has picked up slightly. the kwet ra dax, cac 40 up 0.3%. nothing

we're waiting to hear from mark carney. bigger move is on euro-sterling, but i thought i'd put up dollar-sterling, because i think you get the momentum, which is carney is amazing on a big u.k. program that, you know what, maybe the unemployment rate is not a smart thing to do. and then, of course, this morning at davos, talking about exiting and things are getting better here. so you know what? we'll leave it there. back to you. >> good point to leave it on. hank you very much indeed. >> up next, francine lacqua has just finished speaking, the u.k. prime minister, david cameron, we're going to bring that interview to you as soon as we can, and we'll be back to tell us what he has to say. also, how do you do business in davos? how do you do the real business? davos most of it happens after dark. bloomberg' hans nichols hit the parties at the world economic forum and gathered expert advice on how to work a room. we're going to share some of the skills with you later on "the pulse." >> welcome back n. 20 minutes' time, "survei

shares toxic dead with mark carney's bank of england so there are warehousing toxic debt now the forensic people days are saying oh my god that's toxic debt this bank is insolvent technically as it has been for five years technically insolvent if this comes push comes to shove they will have a crash and then a bell out again and the cycle will repeat itself but don't be fooled this is all baked into the cake this is exactly what we predicted was going on it is exactly what i've been saying about h.s.b.c. and now some asian forensic accounting firm is saying yes max kaiser is correct there insolvent they're hiding a black hole of debt but the u.k. may celebrate the fact that they'll go up on heritage and wall street journal's list of economic freedom once they have to bail this bank out now remember during the financial crisis when they were looking around all these governments of the world to bail out the banking system they needed to raise some revenues as everybody's tatt everybody lost their job and all the tax receipts declined and h.s.b.c. threatened to leave london remember they wan

based on people borrowing against their homes the homes are going up because george osborne or mark carney or whomever is pumping you know money or garbage money into the economy only works of interest rates are near zero the long term trend in interest rates in the us anyway seven percent even though at the current there are less than one percent in this country i would imagine are close to seven percent so any rise at all in the ten year note in this country is now over three percent the he lock the home equity line of cry.

and now janet yellen and mark carney and george osborne it's hard to ignore when you look at the start from zero heads here this is housing costs you see under greenspan they soared this is the affordability basically at the real income to real prices of housing and you see now under bernanke of the real cost of housing a six point five times income yes that's correct so it's hard to ignore what the clowns are doing that's like them like scaring medicine staring menacingly into your window and terrify you when they're telling you just ignore it just ignore it just ignore it wos so much of what we deal with in this modern world is the opposite of what we have come to expect so we now know that people who are in charge of economics know absolutely nothing about money for example none of their economic models include money they just modeling based on certain assumptions that don't include debt so in the u.k. economy as close to a thousand percent debt to g.d.p. inclusive a bank the national debt household debt corporate debt that's a thousand percent what you iceland before blew up but i

understand that the reason house prices are going up is unfettered out of control money printing by mark carney at the bank of england as an attempt to continue to bail out the big four zombie banks in the. r.b.s. lloyds barkley's and the other one so they don't understand it vince cable doesn't seem to understand that there's a connection so either he's just financially illiterate or use trying to convince the u.k. people that he's he's stupid which i think is doing a good job the economist did a piece about these house prices because it's important to note that the house prices are rising very fast here it's only in nominal terms here's the economist it's a chart in nominal prices the light blue is the u.k. as you see prices are rocketing that dark blue line is the u.s. not so rocketing and oranges japan definitely not rocketing but if you put it in here is the chart in real terms you see prices are indeed down twenty two percent in the u.k. but people are very just as happy with nominal price rises they don't. understand that they're actually can form for this is what i'm saying in other wor

a distributed system the bank the central bank a big pay is the distributed network there is no mark carney so will we see all of the viewers understand ok it strikes me that whenever something is denigrated we have about ten seconds size but by the mainstream is because there's something really interesting that the cardinal truth about bitcoin is the need twenty one million will ever be created i gotta stop you right there we got to have ya back soon because stacy the producers about ready to cut my head off we got to go live allan thanks so much being on the kaiser report. you're welcome and that's going to do it for this edition of the kaiser report with the nice guys are like that i guess they are going to telegraph it again touch placed it is a geyser but. millions around the globe struggle with hunger each good. what if someone offers a lifetime food supply no charge. they can the very strong push against g.m.o. and we think that's. the genetic anymore the right products are pretty cool. there is no. evidence that there is any problem with genetic engineering when you make a deal. or

there's deflation we need to print mark carney well there's not sure about inflation but got to be careful about deflation we've got to print doesn't doesn't printing money. to feed the zombie banks in fact is that the number one. deflation it will it will exacerbate things much more than the thinking from that perspective because they're basically the way they're doing it is by buying exchanging cash for bombs so instead of the set of bankers that used to make money being the bankers of the government by basically giving a home for the government paper and now the state is basically saying to the people look we'll make you wealthy if you just hold on to government bonds interest rates will go to zero you'll have these huge profits and you know you'll you'll make a fortune like all of the bankers i was given example just b.c. just announce that they've got a seventy billion pound black hole of debt. so seventy billion dollars of the bets that they've made are worthless they'd carry them on their books at one hundred cents on the dollar but now they're saying now at the actually word zero c

and now janet yellen and mark carney and george osborne is hard to ignore when you look at the start from zero heads here this is housing costs you see under greenspan they soared that this is the affordability basically the real income to real prices of housing and you see now under bernanke you the real cost of housing is six point five times income yes that's correct so it's hard to ignore what the clowns are doing that's like them like scaring medicine staring menacingly into your window and terrify you when they're telling you just ignore it just ignore it just ignore it wos so much of what we deal with in this modern world is the opposite of what we have come to expect so we now know that people who are in charge of economics know absolutely nothing about money for example none of their economic models include money they just are modeling based on certain assumptions that don't include debt so in the u.k. economy as close to a thousand percent debt to g.d.p. inclusive a bank the national debt household debt corporate debt that's a thousand percent what you iceland before blew u

based on people borrowing against their homes the homes are going up because george osborne or mark carney or whoever is pumping you know money or garbage money into the economy they only works if interest rates are near zero the long term trend in interest rates in the u.s. anyway seven percent even though at the current they're less than one percent in this country i would imagine they're close to seven percent so any rise at all in the ten year note in this country is now over three percent the the lock the home equity line of credit people or the stock equity line of credit people people buying stocks on margin are getting it's lot of the going to get hammered because they're scroungers their true scroungers are the people who have been extracting equity from their home they don't work for a living they add no productive capacity to the u.k. economy whatsoever they just take money from their equity home lines of credit thanks to quantitative easing is games they call that a recovery meanwhile interest rates like night follows day must go up they will go up in the bond apocalypse in oth

a distributed system the bank the central bank a bit big is the distributed network there is no mark carney so will we see all the the viewers understand ok it strikes me that whenever something is denigrated we have about ten seconds sites but by the mainstream is because there's something really interesting that the called truth about bitcoin is that only twenty one million will ever be created i gotta stop you right there we've got to have you back soon because stacy the producers about ready to cut my head off we've got to go live allan thank so much being on the kaiser report you're welcome and that's going to do it for this edition of the kaiser report would be nice guys are safe here but i like to thank our guests a million for the telegraph if you like again touch please do it as a cousin but. i'm . fine. i think corporation trying to. do and try to offer all the money and have a family that for a politician quite a lot. just to play. by. cop. if you. got the opportunity to. start to construct your own. q. and a little a bit gives don't want to meet gangsters you don't want to be dr

. >> phase one is overburdened mark carney basically admitted -- mark carney -- phase one is over. -- two, what does it mean? >> phase one was unemployment and i think phase two will be underemployment. i think the theme of the inflation report will be the bank of england demonstrating that a range of measures that show a lot of work as you would work more hours if they were made available to them. market isin the labor measured that way, i think the bank of england will be able to demonstrate that it is not a case for raising rates anytime soon. that is my message. soon.e say any time when you see interest rates being increased -- >> you say anytime soon. when do you see interest rates being increased? are force cast is that the first hike will be late in 2015 in november. -- our forecast is that the first hike will be in late 2015 in november. we are a little behind the market. i think that is a combination both of the fact that we think the recent pace of growth will not continue under interrupted during a. but also the justifying that the bank of england will want to make sure tha

and now janet yellen and mark carney and george osborne is hard to ignore when you look at the start from zero heads here this is housing costs you see under greenspan they soared this is the affordability basically at the real income to real prices of housing and you see now under bernanke you the real cost of housing is six point five times income yes that's correct so it's hard to ignore what the clowns are doing that's like them like scaring medicine staring menacingly into your window and terrify you when they're telling you just ignore it just ignore it just ignore it wos so much of what we deal with in this modern world is the opposite of what we have come to expect so we now know that people who are in charge of economics know absolutely nothing about money for example none of their economic models include money they just are modeling based on certain assumptions that don't include debt so in the u.k. economy as close to a thousand percent debt to g.d.p. inclusive a bank dead national debt household debt corporate debt that's a thousand percent what you iceland before blew up

economists expect bank of england governor mark carney to change forward guidance next month.nd u.b.s. is said to being bonuses to investment bankers in asia by 10% for 2014. bonuses could exceed $2.5 million in the region. so this is the picture of what -- one of the biggest movers, shell. down 3%. this is after it said refining, higher exploration cost also hurt fourth quarter earnings. they said they will be significantly lower than recent levels of profitability. let's have a look at some other big oil companies. that is the picture for some of its competitors. total gaining .4%. this feels like a stock-specific problem. coming up, more than twice the u.s. population in subscribers, china will start selling the iphone. we'll have what it means for apple coming up next. ♪ >> welcome back to "on the move." i'm francine lacqua here in london. china mobile starts selling the iphone today after six years of negotiations. for more on the latest let's go to beijing. what finally brought the china mobile users, potentially 760 million subscribers, to apple? >> well, i think on bot

out on the property ladder or the equally horrifying stephen king like clouds of ben bernanke and mark carney wearing their big red frizzy wigs and staring menacingly in through your window at night pointing teeny tiny scored goals of the bankers. of the twenty fourteen olympics was this police line why is it so special as the russian resort prepares to welcome the world power the games should be in the city's present and future. so it will bring it this is the moment they're reporting from a very cold snowy windy mountainous tough beyond the olympics but . today on our team. he survived the atrocities. to make a final decision. he has changed his life and the world around him. by giving up. hope. and love to so many children. nikolai the american worker on the tape. dramas the chance to be ignored to the. stories of others refused to notice. faces change the world writes now. a full picture of today's events live on demand from around the globe. dropped. to fifty. so. there are there are lying all antarctica stations that are going to make a radio check. level . to evacuate. the. well. we co

maybe this will help out mark carney.ve unwound the bulk of the gains made already on the pound greenback rate. let's get a reaction from sychon rubenson. construction dragging the number from .8 to .7. >> we have had two strong quarters in construction. it could be y of revised back in line with expectations. we have had two strong quarters. they are volatile. the outlook for 2014 our only indicators are sending out a positive message. >> look at the aggregate number. what is it going to look like for 2014? >> 4%. housing, 9%, 10 kt. it is not just housing. we're looking at infrastructure. the public sector is going to e lagging. >> inflation is well behaved at the moment. what do you think the right response from the monetary policy authorities? >> we only have to look at the rends. why would you be looking to tighten policy given that the headline inflation number is now around the 2% target and probably heading south of that. one of the things we're noticing is a bit of a shortage of skilled labor. it will be interest

and the bank of england under mark carney and george osborne these are the biggest beggars of all they go with their begging bowl into the into the indexes every single day and they beg for more money and we you know the thing is do you want to feed there's a big sign of the park don't feed the ducks why because the duck crap is uncontrollable you they can't hire enough people to take care of the duck crap if you feed the ducks too much same thing to george osborne you're just feeding him the ability to manipulate these markets and oz born crap is littering the country and they're showering the country in this kind of irresponsible fiscal policy or faecal policy in this case and the result is advancing poverty and the underwriting of a class of kleptocrats and beggars in this country that have total disregard for human life they don't have any regard for human life that's not the kind of people you want to feed. well this gold raking over twenty years is daily pickpocketing you can't see it as anything other than that so if you don't have a problem with bankers doing that then shut up

out on the property ladder or the equally our fire stephen king like clowns of ben bernanke and mark carney wearing their big red frizzy wigs and staring menacingly in through your window at night pointing teeny tiny scored goals of the bankers. obviously we should be quite concerned about a lot of the recent revelations about spying and so forth the internet remains the most powerful tool for the spread of freedom in the world today. much of your advice is centered around the negative aspects of american culture example mindful eating social eating of voiding of snacks how much of an influence do you think the american culture has on the rest of the incredible. two things. the food. all the countries worldwide. millions around the globe struggle. with hunger. what if someone offers a lifetime food supply no charge. against g.m.o. and we think that. there is no. evidence any problem with genetic engineering when you make a deal. is free cheese. is profit. for this golden rice. if you. start to construct. q don't want to be bit. don't want to be gangsters you don't want to. deal with they do

on the property ladder or the equally are falling stephen king like clouds of ben bernanke and mark carney wearing their big red frizzy wigs and staring menacingly in your window at night pointing teeny tiny scored goals of the bankers. but i suspect. that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy which recall books. will. never go on i'm sorry and on this show we would be a little picture of what's actually going point on we go beyond identifying the problem trying to rational debate a real discussion critical issues facing america about him are you ready to join the movement then welcome to the big picture. now on target in washington d.c. and here's what's coming up tonight.

out on the property ladder or the equally horrifying stephen king like clowns of ben bernanke and mark carney wearing their big red through the wigs and staring menacingly in through your window at night putting teeny tiny score down to the bankers. why is the price of gold so high. demand global demand do you think oldest money. know the value of the only place we have to live of the water that we need to survive it's not compared to. gold we're not going to eat we're not going to be. we're not going to drink we're clearly one of all is and is in a desperate economic situation absolutely right what we're wrong to do is say therefore any kind of economic development from the outside is going to be a benefit their only purpose is to extract as much money as possible to feed into the global financial. with leader part of a geo political economic system it's extremely or split tator. first of all it's a question whether mining should even be carried out altogether can it be done in a way which doesn't destroy people's lives resources environment and so on will you know those are pretty serious q

out on the property ladder or the equally our fire stephen king like clowns or ben bernanke and mark carney wearing their big red frizzy wigs and staring menacingly in through your window at night pointing teeny tiny scored goals of the bankers. obviously we should be quite concerned about a lot of the recent revelations about spying and so forth the internet remains the most powerful tool for the spread of freedom in the world today. similarly sixteen percent of imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. with the territorial waters of the fish they load the fish on to the ships and leave. illegal fishing just taking the bread out of our mouths. much of your advice is centered around the negative aspects of american culture example mindful eating social inning of voiding of snacks how much of an influence do you think this american culture has on the rest of the while incredible. six of the two things. in the world the sn

and now janet yellen and mark carney and george osborne is hard to ignore when you look at the start from zero ahead here this is housing costs you see under greenspan they soared that this is the affordability basically at the real income to real prices of housing and you see now under bernanke you the real cost of housing is six point five times income yes that's correct so it's hard to ignore what the clowns are doing that's like that like scaring medicine staring menacingly into your window and terrify you when they're telling you just ignore it just ignore it just ignore it one of the so much of what we deal with in this modern world is the opposite of what we have come to expect so we now know that people who are in charge of economics know absolutely nothing about money for example none of their economic models include money they just modeling based on certain assumptions that don't include debt so in the u.k. economy as close to a thousand percent debt to g.d.p. inclusive a bank the national debt household debt corporate debt that's a thousand percent what you iceland before

out on the property ladder or the equally our fire stephen king like clowns or ben bernanke and mark carney wearing their big red frizzy wigs and tearing menacingly in through your window at night pointing teeny tiny scored goals of the bankers. proximately sixteen percent of imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. with the territorial waters of the fish they load the fish on to the ships and leave. illegal fishing just taking the bread out of our mouths. we're going to go. you know a large scale wholesale spying meanwhile things like. fraud real crimes are going on and the government so devoted almost no resources to actually come about in those things you know it is. to me this is an obvious. things like if you want to spend money making the internet a safer place you don't spend money spying on everybody you spend money seeking out criminals and prosecuting. welcome to twenty fourteen a time zone by time zone citize

out on the property ladder or the equally horrifying stephen king like clowns of ben bernanke and mark carney wearing their big red frizzy wigs and staring menacingly in through your window at night pointing teeny tiny scored goals of the bankers. much of your advice is centered around the negative aspects of american culture example mindful eating social eating of voiding of snacks how much of an influence do you think american culture has on the rest of the incredible. sixty two things. the food. all the countries worldwide. on their way to and talk to the crew of the i can to make sure the face many challenges. to the. look out for yourself crashing onto rocks trapped in pack ice in extreme conditions and i think can happen and article always comes up with surprises you have to keep your eyes open because if there's always something going wrong the ship carries huge reserves of water food fuel as well as helicopters and people able to survive extreme conditions they're ready for anything even an apocalypse she's really an incredible ship calling all antarctica stations this is going to mak

>> we also question mark carney on how he's done since july and they are very positive about mark carneynd banking policy, which includes forward guidance. interestingly, they are not convinced that inflation over the medium term over two years is going to stay below target. they generally think inflation will run above target. they also think overwhelmingly rates will start rising. >> right. do they think they are going to be paying people more? it's going to be key, really, for what happens to rates. >> it's going to be very important. my -- we estimate pay and hiring, and they are bullish on hiring. and we obviously know from official data there's a strong rise in sector employment. it is consistent with the notion that earnings are going to start rising this year. >> did you talk to the chancellor about economic policies or not. >> we did talk some about that. >> fair enough. the reason i ask that is because it's only six days into january, but the chancellor today is giving a speech laying out the political battle lines for 2015. the chancellor will reinforce plans to cut government

george osborne defending forward guidance, dvenlding mark carney given what we heard overnight about the potential for relaxing some of that forward guidance. he was saying qe has worked, forward guidance is part of the policy. we highlighted macro rules particularly around the corner with cyclicals. we have kuroda of japan saying abe-nomics is going to continue to work. we're going to see growth between 1% and 1 is. % of the years. a positive sentiment from here, too. pick up on brazil, based on a robust economy, they acknowledge that the retracement of some of this qe is a good sign for the global economy. we also had larry summers reiterating that he doesn't preclude the possibility that we could see a slowdown on perhaps some of the cautious optimism that we're seeing here, too, that he did say we're coming out of it, we're coming out of the slowdown that we've seen, but it's not quite what he hoped going back to the idea that we heard about yesterday that we're in an innovation glut. >> you've set up this debate about an exit of monetary policy. that in itself is a mark of succe

to thirty six months scam to make five percent on money that was given to them from the corrupt mark carney the bank of england to begin with and it will result in ecological all cost who cares more debt to the u.k. economy so what and other consequences that will result in lifestyle being degraded more chance are you going to look good sir. we speak your language or not at the. news programs documentaries and spanish matters to you breaking news a little too much of angles to the stories. you hear. to try to teach spanish more and more visit to our. millions around the globe struggle with hunger each good. what if someone offers a lifetime food supply no charge. they can but a strong push against g.m.o. and we think that's. the genetic anymore the right products are priest. out there is no. evidence that there is any problem with genetic engineering when you make a deal. or is free cheese always in the most trash i don't believe the. poor and the free. enterprise is profit it's. just this golden rice. dramas that trying to be ignored. stories others refuse to notice. things since changing