i'm mark crumpton. this is "bottom line." to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines today. matt miller is an palo alto getting a firsthand look at ford's new research and innovation center. lisa abramowitz says pay up for safety or by risky debt. we begin with julie hyman as mario draghi commits a trillion dollar qe plan. >> the ecb president did surprise market to some extent with his announcement of the ecb's version of qualitative easing. 60 billion euros a month in various kinds of purchases, in sovereign debt and asset-backed securities and covered bonds. the surprise came from the amount. there were reports it would be 50 million -- 50 billion euros a month. he said it would last until at least the end of september 2016. depending on how effective it is. 80% of these purchases will be handled by the 19 national central banks and they will be on the hook for some of their own losses

new york, i'm mark crumpton. this is "bottom line." to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines on this wednesday. scarlet fu will join me for a roundtable on china's economy. peter cook is on capitol hill with the fallout from president obama's state of the union address. good afternoon. >> the afternoon, mark. the president from a confident president obama clearly energized by the strengthening u.s. economy 5% growth rate we saw at the end of last year. energized by the 50% approval rating he has gotten in recent weeks. he reflected that last night. he spoke with some bravado taunted republicans to some extent with his two presidential election victories. he outlined a number of ideas, many of them floated before he spoke that were quickly rejected by republicans. his plan to raise taxes on the wealthiest americans in order to provide tax breaks to middle income earners. john boehner called it fan

mark crumpton knows all about skateboard tricks. >> i just really don't. >> mark crumpton knows it ally? >>what have you got coming up on "bottom line" that is not skateboarding or surfing? >> the markets are in retreat this afternoon, led by falling oil prices. jim polson will give us his perspective. and nobel laureate joseph stiglitz was poised to handle advising the securities and exchange to mission on issues facing u.s. equities markets but that nomination has reportedly been blocked. i will ask him about that when he joins me next hour. you then. back to you in san francisco. >> he was also a big spook goalie fan -- spiccoli fan. >> i did not know that. >> i made that up. ok, when we come back --the self driving car race. that is next on "bloomberg west ." ♪ >> on cory johnson. this is "bloomberg west." there are more automakers than ever before the consumer electronic show, proving their cars are more connected than ever. now they are developing new kinds of vehicles that you do not have to drive. one of the brands making a splash at the conference -- brad stone is standing by

i'm mark crumpton. we are still talking shake shack shares.ertisers are foraging the omen of surprise for free media coverage during the super bowl. joining me, my guests. brad, let me start with you. one of the most important terms in business is roy, return on investment. what are we looking at in terms of ads? are the price of the super bowl commercials worth the payout? and arthur moore misses then hits? >> it is really the advertisers to determine if it is worth it or not. super bowl as have increased 11% every year, which is certainly more than the advertising rates and that has to do with the mass audience that is there. a very affluent audience. the last five super bowl's have been at five of the most-watched television shows in history. advertisers do think that is worth it. how much -- we're talking investment -- that is another question. generally within a couple weeks, people forget the ads. >> are we seeing an immediate response because of the explosion of social media? >> you definitely get a response to certain ads. there was th

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street perspective. we begin with breaking news. the u.s. federal reserve is releasing the minutes of its december federal open market committee meeting. peter cook joins me with details. peter, good afternoon. >> good afternoon. the minutes from the last fed meeting provide more color for the talk really table about when the central bank may lift interest rates. there is nothing in these minutes different from what janet yellen revealed in her post meeting conference. remember, the minutes detailed the discussion around the language. most disciplines taught that the referenced participation indicated that the committee was unlikely to consider the process for the next couple of meetings area that puts any discussion of increase off until april at the earliest. there was debate about that language and some misgivings about it. some participants thought that the language gave an unwarranted expectation for th

i'm mark crumpton.berg news is just learned that alan brandon is the new choice -- alan landon is the new choice for fed governor. the fed board has had to empty seats since the departure of governor sarah bloom raskin and jeremy starks. the fair has -- the fed has not nominated a vice-chairman. the consumer electronics show has kicked off today in las vegas. bloomberg businessweek senior editor brad stone is there. he is standing by with the ceo of dish network. crack here with joe clayton, is ceo of dish. -- >> with joe clayton, the ceo of dish. how disruptive is your new subscription? >> there is a market that the pay-tv industry is missing today. talked to 18-35-year-old, the millennial market, if you will they are not watching satellite television or give a television today. they are mostly younger well-educated, urban dwellers, and have different taste than you and me. we figured it would be complementary to our core satellite users. >> you don't worry that someone will no ahead and cancel their d

i'm mark crumpton. time now for the commodities report. su keenan has the details. >> we have oil snapping a three-day losing streak and joining golden the move higher. a lot of green on the screen in metals and energy. oil is rising partly due to a weakening dollar. we also have opec warning that prices may search with the new investment in production. the biggest gainer by far is natural gas, which continues its wild ride, even though the blizzard of 2015 failed to live up to expectations. we are up 3% on the day. getting back to oil and gold, we have not seen the two move in the same direction lately. gold getting a boost from the weak durable goods data. also the case that the fed will push the first rate hike further out in time which tend to be bullish for gold. that decision will be out tomorrow. >> meanwhile, an important policy shift on oil drilling. what are traders saying? >> they say it continues, the success story of growing u.s. oil output. they also questioned the timing, given the fact t

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," the intersection of business and economics with a main street perspective. to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines on this thursday. shelby holliday is live in graceland for birthday celebrations remembering elvis presley. julie hyman is watching the rally in the equity markets come the second and two days. hans nichols is in paris with the latest on the manhunt for the terror shooting suspects. set the scene for us. what is the reaction in paris the day after this tragedy? >> it has been a chaotic day, mark, full of rumors and violence in the south of the city. this evening the eiffel tower will go dark in a symbolic moment. there was a moment of silence. right now the city is all but little i candlelight. there is a vigil outside the magazine's offices. later on there is going to be that moment at the eiffel tower. there has also been some ra

i'm mark crumpton.cts in the attacks in paris killed in police raids today, ending three days of intense drama that began when a messenger -- and massacre occurred. let us get reaction from capitol hill to the latest developments in france today. our chief washington correspondent peter cook is standing by with congress and jim himes of connecticut. good afternoon. >> i am joined by congressman himes, a member of the house select committee on intelligence. you're taken what you have seen play out today? i know you have had some briefings today. what do you know this point? >> it's gratifying that the two individuals that are front and center on the office are no longer with us. you have to give the french credit for tracking them down quickly. it is still a tense moment. there are a lot of questions that need to be answered. who was involved, it is there the possibility of follow-up attacks? that's something you don't know until you have the opportunity to look at the networks. that processes to continu

in new york, i'm mark crumpton.ttom line." to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines on this wednesday. scarlet fu will join me for a roundtable on china's economy. peter cook is on capitol hill

i'm mark crumpton in new york. bloomberg sports now. is a fight brewing in ohio about the so-called jock tax. in income levy against pro athletes and entertainers who perform in the state for 12 or more days per year. they say the tax is unfair and overlooks the fact that despite salaries athletic careers are relatively short. welcome to "bottom line." thank you for your time. this can be traced back to a legal dispute involving one of the greatest athletes of all time, michael jordan. what happened in that case? >> back in 1991, the laws had been on the books for a while. the bill is titled "michael jordan's revenge." the california legislature was taxing the bulls players so they decided to do a bill and reciprocate and text their players. -- tax their players. >> are we talking about a commuter tax? >> yes, it is a large commuter tax. california has the highest state tax at 13.3%. >> what is the difference between a game play standard and duty to a standard? >> all the days they work, they have meetings or watch film, those days coun

mark crumpton joins us with a sneak peek. mark, what if you got?his day after the blizzard that wasn't we are seeing a sharp selloff on wall street. what has the equity market sounding the retreat? i will be joined by tony dwyer. purchases of new homes jumped to the highest level in more than six years. will that momentum continue in 2015? annika can't look at the numbers for us. --anika khan. charles ettinger will join me from washington. i will see you at the top of the hour. lori, back to you in san francisco where it is not snowing. -- corey, act you in san francisco, where it is not snowing. >> that trend is going strong, what you need and when you want it. my interview with the ceo of saucy and at that can deliver a bottle of scotch to your door in under 30 minutes. next. ♪ i'm cory johnson. this is "bloomberg west." alcohol delivered straight to your door to -- be a saucy, and on demand liquor store in your pocket. the app lets customers order and pay for alcohol with area liquor stores as partners. i spoke with chris vaughn about the busine

"bottom line" with mark crumpton is coming up at the bottom of the hour. your real basketball team? >> don't start. you want me to talk about the nexen i am not going there. let's talk about -- the knicks and i'm not going there. let's talk about the economy. gains in household consumption were the biggest since 2006. what does that tell us about this year's growth expectations and will the u.s. economy gain enough momentum to offset possible headwinds from europe? the chief economist from kp and he will join me. who do you have on sunday? >> i have the warriors over utah. >> super bowl cory. >> oh, that one. the seahawks are a challenge. we hate them as 49ers fans. but i am going with the seahawks. >> i have to go with seattle because they are the defending champ's and until somebody beats you, you are still the champs. >> we are to talk about super bowl xlix and some high-tech sensors. tracking your every move up next on bloomberg west. ♪ click>> this week, the super bowl will look different than any other things to wearable technology. joining us to dis

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers in the united states and those of you joining us from around the world welcome. have full coverage of the stocks and stories making headlines on this tuesday. shall be holiday reports on the push for u.s. companies to share data breach information with the federal government. peter cook at the white house as congressional leaders meet with president obama to set the 2015 legislative agenda. we begin with the major turnaround in the equity markets. let's get to the breaking news desk. scarlet, good afternoon. >> the high water mark for u.s. equities came at 10:00 a.m. ever since then, it has been downhill. on pace for a third straight day of declines for the s&p 500 and the dow. within the different industry groups, cyclical sectors material stocks come energy stocks come industrials and financials are leading the way down. this comes with the drop in commodity prices. seeing this shift into safe havens, treasuries or the yen. in 20 month level of 1.862%. the japanese ye

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines on this thursday. shelby holiday in st. louis missouri home of the gateway arch, to talk about an architectural arms race with skyhigh ambitions. peter cook in hershey pennsylvania where congressional republicans are holding their first joint retreat 11 years. we begin with scarlet fu and lisa abramowicz with an international shocker. switzerland's central bank -- there was an e-mail to bloomberg news the ceo of the swiss exporter wrote "words fail me." what did things look like after the dust settled? >> the dust settled in switzerland and it is not pretty because the exporters alterable on expectations that the swiss bank surgeon value makes it's a much more expensive. we saw the stocks tumble and the swiss market index down 25%. the most in 25 years, 8.8%. u.s. stock index futures up 1% then down 1%. settling lower because o

"bottom-line" with mark crumpton begins at the top of the hour. mark is in new york with a preview.y shooting a selfie right now. >> mark was trying to put his contact lenses in. thank you. we are going to be talking about the fed. that anecdotal reporting from businesses in the fed's 12 regional districts. we will be talking more politics. our chief washington correspondent peter cook will be joining us at the top of the hour, bringing a set beige book report, and a lot more coming up at the top of the hour. i will see you then. >> i'm try to take a selfie of the two of us right now. i don't know if it will work here. stephanie ruhle is the queen of the onset selfie, but, you know. >> is that one of those selfie sticks. >> this is a special one. [laughter] >> somebody just said in my ear i'm so hip. >> yes, you are. mark crumpton and "bottom line," thank you so much. >> president obama wants to improve broadband speeds for rural america. state laws are holding some of these back. ♪ >> i'm cory johnson and this is "bloomberg west." remember the days of dial-up? president obama wants

"bottom line" with mark crumpton begins at the top of the hour. >> putting his contact lenses in, butry to get through it. thank you. montgomery scott will be joining us. it will be released at the top of the hour, two :00 p.m. washed in time. the anecdotal reports from businesses and the fed's 12 regional districts. we will also talk more politics. peter cook will be joining us at the top of the hour, ringing us that report. a lot more coming up at the top of the hour. i will see you then. >> trying to take a selfie of the two of us here but i do not think it will work. stephanie ruhle is the queen but we are getting there. >> is that one of the selfie sticks? >> it is a special one. >> somebody just said in my ear i am so hip. >> yes you are. thank you very much. >> thank you. >> president obama wants to improve broadband speeds for north america and other areas. we will explore the issue next on bloomberg west. ♪ >> i am cory johnson and this is "bloomberg west." remember the days of dial-up? a long way since then. not enough for president obama. he wants to help them make -- the i

i am pimm fox, in for mark crumpton. comes to commercial real estate, ditch new york and washington d.c. he is on the road to places like houston, austin, and dallas-fort worth for bargains. thanks for being here. happy new year. let's talk about real estate and the idea that it is a little too expensive for businesses to locate in places like new york and washington, d.c. >> not terrible for investors, but prices have gotten high. investors are looking at places like houston and denver and raleigh-durham. >> what qualifies as high when you talk about real estate prices per square foot? >> it really depends on your yield expectation and you're holding period. when you get into thousands of dollars per square foot, for apartments or office buildings, investors look at the cost. do i really want to hold as long enough to get the return i want? houston is less expensive, you'll is better employment is better, the demographics look better. >> so you say houston, places like dallas and austin. does it have anything to do with

at the top of the hour mark crumpton joins us. what is up?as been a week of international development. we learned last night about the death of saudi arabia's king abdulla. he has been succeeded by his half-brother. will opec oil prices be affected? sandy berger will join me. following this weeks of visit to cuba by a u.s. delegation, what is the next move in building closer ties between the two nations? indira lakshmanan is live in havana. bloomberg's joe's wiesenthal will have the latest from athens . a lot to cover today. it all begins of the top of the hour. back to you in san francisco. >> market, i think today's show should be in a big comfortable chair with a cuban cigar. >> you read my mind. >> thank you very much. technology, eat sleep, work, and bills. we will talk to one of the world's most famous architects about changing architecture and making mistakes in building the headquarters of the next "bloomberg west." ♪ >> on cory johnson. this is "bloomberg west." major technology companies, apple, google redesigning their headquarters

mark crumpton. this is "bottom line." to our viewers in the united states and those of you joining us from around the world. welcome. we have full coverage of the stocks and stories making headlines. scarlet fu is keeping tabs on what you should know about the major snowstorm bearing down on the northeastern united states. don mattingly wraps up president obama's trip to india and joe is in athens with the invocations were greece following the weekend election. good evening. what can you tell us? >> people are still trying to figure out what the new government is going to be able to get. they are eager to rip up the existing agreement and change course on the bailout and austerity. everyone is trying to figure out how far they will go, what they will risk, and what the european partners will give them. >> what is the immediate implication for the country after the victory? >> i don't think anybody knows for sure. people were extremely frustrated at the pace of economic growth and the fact the existing government was seen

"bottom line" with mark crumpton coming up at the bottom of the hour. what have you got?move on the swiss national bank to end its minimum exchange rates stunt the global currency markets. what are the implications for the u.s. federal reserve and the european central bank, and how will investors respond going forward? a colleague scarlet fu and lisa abramowicz will have analysis of the action. the academy award nominations are out. the senior media analyst will look at who is in and who was passed over in this yours oscar race. -- year's oscar race. >> they make more than pocket knives and cuckoo clocks in switzerland. >> oh, geez. matt miller, our friend. >> he keeps things interesting. i can't wait for this story. >> thank you, cory. >> it has been almost two years since tumblr was sold. ♪ >> i'm cory johnson. this is "bloomberg west." the ceo to $1.1 billion for the deal in 2013. he told emily chang that russ meyer's has helped tumblr amass more than 2 million -- marissa mayers has helped tumblr amass more than 2 million blogs. >> marissa mayer's acquisition strategy

i'm mark crumpton. thanks for staying with us.s financial reported fourth-quarter estimates. the rhode island based bank exceeded analyst estimates at 40 -- at $.39 per share rejoining me, bruce van saun. has your complaints with regulations come to the -- at the expense of profitability? >> we had a very strong ratio as part of rbs's desire to have strong capital. we have these drinks to grow loans and are converting some of that capital into lesser forms of capital. that is a plan we are executing over a two or three-year timeframe. >> you have been expanding into auto loans or student loans. how risky is that? >> we do not play in the subprime space. we have historically played with very strong fight go scores and what we call super prime borrowers. we are now moving into prime because of a little return into the marketplace, but that is stable. >> does that give an indication to the banking sector and the public at large that credit standards are not as tight as they were before, that they may be able to come into citizens fin

i'm mark crumpton. we are off on monday for the martin luther king junior holiday.nd, everybody. "street smart" with trish regan is next. ♪ >> welcome, everyone, to the most important hour the session. we have 60 minutes until the close. i am trish regan. stocks climbing up after five straight days of losses as we going to the long weekend. energy shares rally with the price of oil. the largest u.s. retailer foreign-exchange broker said to be in talks for an emergency cash containment and big banks tallying of losses.

and mark crumpton is coming up on "bottom line" at the top of the hour. what have you got?look closer at the u.s. relationship with iran. the senate committee passed a bill that would impose sanctions on iran if it fails to sign an agreement to curb its nuclear program. the senate action as the obama administration is engaged in diplomatic efforts to reach a deal with uranian spirit could today's developments derail those talks? your cook will have -- peter cook will have an exclusive interview with richard shelby from the banking committee. i will see you at 2:00 p.m. eastern. >> thank you very much. the next step of microsoft's mobile strategy. we will look at that next. ♪ >> i'm cory johnson and this is "bloomberg west." microsoft is revealing its next move into mobile. it released an e-mail app maker. it is the center of a strategy for the phone and tablet. they have plans to give office away on rival operating systems but what will they do to improve the experience? if you picture a full inbox, you can imagine how bad this could be. i talked with the general manager. >

i'm mark crumpton.rkets with matt miller is up next. >> it is 56 of the hour, which means bloomberg television is on the markets. i'm matt miller. i want to get you caught up with where stocks are trading with this four-day slump. we are pretty much of the session lows. approaching to present losses. the biggest drop we've seen since early october. maybe even further now. the nasdaq off 1.6 7%. energy companies of his league-leading the drop with crude oil at a low at below $50 a barrel. looking at treasuries -- you see the two-year note yield come down, 10 year note yield coming down, as well as the 30 year. investors running for the safety. the perceived safe haven of u.s. debt. for more on what is going on in the u.s. and global bond market, we are joined by lisa abramowicz. are you as excited about the moves in the bond markets? >> i am always excited about the moves in the bond markets. you have the 10 year yield at the levels we've not seen since train 12. >> this is unbelievable if this continues

we will see you tomorrow ♪ . . >> from bloomberg world headquarters in new york, i am mark crumpton.om line," the intersection of business and economics with a main street perspective. to our viewers here in the night and states and those of you joining us from around the world, welcome and happy new year. we have full coverage of the stocks and stories making headlines on this monday. she'll be holiday has highlights from time magazine's 100 best-performing hedge funds. peter cook looks at challenges to oust

"bottom line" with mark crumpton is coming up at the top of the hour. what have you got?ill continue to follow a developing story bloomberg's white house correspondent phil mattingly will have the latest details. we will go back to detroit with the north american national auto show. the executive vice president -- i will see you in a few minutes. >> thank you very much. spacex. the mission did not go according to plan. the plan was to land a reusable rocket on a floating are that they're calling a drone. how big of a blow was the failure? we will talk about that all next. ♪ >> i am cory johnson. the stakes x -- spacex capsule arrived carrying groceries. supplies. perhaps the big news is the attempt to land the reusable rocket was not successful. you on muska tweeted -- close but no cigar this time. it bodes well for the future. first, chris, explain a little bit. the first section of the rocket, which fell off as the rocket started to reach orbit, was the part they started to land on the autonomous spaceport drone ship which i would call a big barge but the castle made it

mark crumpton. this is "bottom line."s in the united states and those of you joining us from around the world. welcome. we have full coverage of the stocks and stories making headlines. scarlet fu is keeping tabs on what you should know about the major snowstorm bearing down on the northeastern united states. don mattingly wraps up president

i am mark crumpton. england is digging out from the blizzard that dumped more than two feet of snow on boston. 70 mile-per-hour wind was reported in nantucket where virtually every resident lost power yesterday. the public transit system is running today and flights have begun arriving at the logan airport. shares of apple are surging after the company reported a record setting $18 billion profit. credit goes to the new bigger iphone. they sold 75 million of them in three months. the burger chain shake shack is being valued at 65 -- six and $75 million. the ipo is expected tomorrow. that is a look at the top stories we are following. coming up, college admissions racket -- we will have details on how some schools do it, and what students can do to avoid it. stay with us. "bottom line" on bloomberg television continues in just a moment. ♪ >> welcome back to the second half-hour of "bottom line" on bloomberg television. i am mark crumpton. thank you for staying with us. the u.s. federal reserve maintain it

"bottom line" is coming up the top of the hour and pimm fox is filling in for mark crumpton. >> it's. that's very good, well done an interesting. coming up on oh quote bottom line" -we will speak with michael purvis. the money managers that try to get it right last you're coming he is one the did. we will find out what he thinks for this year. also, we will talk about latin america, the second term president, she was sworn in yesterday and how do she deal with a corruption scandal and cutting back on pensions and slow growth so she has challenges out of or her. maybe argentina will come back to the debt markets are they can do a deal with hedge funds and we will talk about commercial real estate. we've got an expert who says you don't necessarily want to look at places like new york or washington because they are too expensive. we will to you where some decent commercial real estate is for your investments. or bicycle riding for that matter. >> good information and we will see you in a little bit. tens of thousands of led lights along the san francisco bay bridge were said to be take

." ♪ >> i am mark crumpton, infra pimm fox.what i'm taking stock of on thursday, genuflecting to my 2015 -- january 15 2015. the bank unexpectedly scrapped its three-year policy of capping the swiss franc against the euro. at one point the franc appreciated to the strongest level on record. professor jeremy siegel on today positive event. >> the euro has gone down and might go down even more. swiss central says i'm not going to tie my ship to a sinking boat. >>

♪ >> i am mark crumpton in for pimm fox. what i'm taking stock off on friday, january 16, 2015. president obama and david cameron held a joint news conference today and provided a united front in fighting terrorism. >> we have seen appalling attacks in paris in nigeria. the world is a sickened by this terrorism. we will not be standing alone in this fight. >> russia had its credit rating cut by moody's. the agency says the country may be cut further.

. ♪ >> from bloomberg headquarters in new york, i'm mark crumpton. this is "bottom line."ers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines today. matt miller is an palo alto getting a firsthand look at ford's new research and innovation center. lisa abramowitz says pay up for safety or by risky

"bottom line" with mark crumpton coming up at the bottom of the hour. ♪ >> i'm cory johnson.oomberg west hookah -- west." david karp has no regrets selling this platform to yahoo. he told my partner, emily chang, the marissa mayer has helped tumblr amass more than two million blogs. what are your who's future plans for tumblr -- yahoo's future plans for tumblr? >> marissa mayer's acquisition strategy has been criticized. critics have said tumblr wasn't making money. how do you respond to those criticisms? >> we are growing fast. if she wanted to go out and buy a profitable company at the time of acquisition, there were and still are plenty to choose from. she saw a real path forward in something that she thought could be not just a really big business, but a business with a lot of alignment with yahoo!. we are a year in. we are starting to prove that. we are about to have a lot to brag about very soon. >> what is tumblr's ad strategy for growing the business now that you are within this bigger company? >> we have this really novel ad platform. it's about wide open creative ex

. ♪ >> from bloomberg world headquarters in new york, i am mark crumpton.om line," the intersection of business and economics with a main street perspective. to our viewers in the united states and those of you joining us from around the world welcome. we have full coverage of the stocks and stories making headlines on this thursday. shelby holliday is live in graceland for birthday celebrations remembering elvis presley. julie hyman is watching the rally in the equity markets come the second and two

. >> from bloomberg world headquarters in new york, i am mark crumpton.tom line," the intersection of business and economics with a main street perspective. we begin with breaking news. the u.s. federal reserve is releasing the minutes of its december federal open market committee meeting. peter cook joins me with details. peter, good afternoon. >> good afternoon. the minutes from the last fed meeting provide more color for the talk really table about when the central bank may lift interest rates.

"bottom line" with mark crumpton coming up in a few minutes. >> the u.s.al reserve open market committee statement will be released at 2:00 p.m. washington time and we will have team coverage. our washington correspondent will give us details and our roundtable will sort it out for us. i will be joined by john herman and giants want -- and diane swan. and scarlet fu will have wall street's reaction. bottom line coverage of the fed statement begins at 2:00. >> thank you very much. facebook, google, twitter, they have all released devonte -- released a alarming diversity reports. what can silicon valley do to address issues like race and gender and get routed of -- get rid of the tech bro who are raising up their collarss? >> i'm cory johnson. recent diversity numbers from tech companies show a very white and asian-maille dominance. some advice. they have already held thousands of minority students. with talk about this all the time, how tough it is for these companies to make these changes. why is it so hard? >> several reasons. obviously, right now, they a

>> from bloomberg world headquarters in new york, i'm mark crumpton and this is "bottom line" -- the intersection of economics. we begin with the fed's latest snapshot of the economy -- the fed's beige book. peter cook joins us with the details. >> the beige book, reviewing economic activity from mid-november to late december across the country paints the picture of a u.s. economy still broadly expanding but not in overdrive will stop the retail sales number will be interesting, given what we saw earlier today. anecdotal evidence suggests overall, national economic activity continued to expand during the reporter -- reporting time from november through december with most districts reporting a moderate growth. dallas reported that growth slowed slightly. many are talking about the effects lower oil prices could have going forward. consumer spending increased with most districts having modest gains in year-over-year sales stop that's not consistent with what we saw this morning in the actual numbers. slight to modest gains reported in austin dallas and philadelphia. -- boston, dallas a

>> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line." to our viewers in the united states and those u.v. joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines. matt miller is live at the detroit auto show to talk with a top executive from general motors. we have a roundtable on the keystone pipeline. joining us, rob barnett and peter cook. we begin with phil mattingly and a developing story. the twitter side of the u.s. military command has been taken over by hackers. >> it happened a few minutes after president obama finished speaking about cybersecurity today. it became clear the central command twitter account has been compromised by individuals or a group sympathetic to the islamic state. central command is responsible for all military activities in syria and iraq and afghanistan. since that has occurred, the pentagon has suspended that account. a spokesperson said they are working to address the situation. a few minutes ago, the white house spokesperson said they are looking into

. ♪ >> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line."s in the united states and those of you joining us from around the world welcome. have full coverage of the stocks and stories making headlines on this tuesday. shall be holiday reports on the push for u.s. companies to share data breach information with the federal government. peter cook at the white house

i am mark crumpton. >> and i am annie edwards, and i am mannus cranny. we are hope to go get the numbers for deutsche bank. we are waiting on those numbers. it is going to be all about litigation costs of course whether they have been reduced to some 885 million. when we get those, we will put that all in context. the debate on investment banking, and how much of a hit. >> let's look at some of the other stories we are following. patience is still the word for janet yellen and the fed. patience remains the fed's key word on raising interest rates. the fed's statement noted that economic activity in the u.s. had been expanding at a solid pace, and that inflation would rise gradually towards 29% in the medium term. >> a renewed vow of patience from the fed could prevent the biggest two-day sell off in the dow in a year. weaker oil prices took energy stocks lower and multi-nationals, p & g, dew point and pfizer cited concerns about the strongest dollar in a decade. >> another central banker the bank of england governor has been more effusive in his language