mia saini has the changes in u.s.-cuba relations and white house correspondent phil mattingly joining me here in new york, following development as the u.s. government prepares to say north korea's behind the cyber attack on sony pictures. click last night, president obama said americans should go to the movie theaters, but behind the scenes at the white house there are serious reverberations about what has been going on with sony. there have been a series of meetings between the president's national security team, law enforcement officials, and intelligence officials as well. that u.s.sion investigators have determined that the north cream government has had a significant role as an actor in the attack on sony. what does that mean? u.s. officials are still debating how to respond, but there are a number of responses in play right now. and the big question white house officials are trying to answer is, what should they do? class the other big question, why? why was this done? >> why was this done to sony? >> yes. >> o

mia saini has been investigating.ready know their are and a lot of companies that are terrible when it comes to cyber security. >> not just cyber security, also when it comes to crisis management. i was working the phones speaking to experts. they said there are more than three lessons. i've come up with three. they said there are hundreds of lessons that sony's peers can learn. the first is probably identify your crown jewels. i spoke to a corporate governance expert at third creek advisors. he told me it is amazing how many top companies do not know what their most important asset is. sony's case is the scripts,whatt passwords, employee insurance plans. that information should have been put in a place that thieves cannot find from a physical and digital point of view. the location should also be constantly changing. the second lesson is threat a wareness. you should monitor alarms. it is not just important to know and have the top end system. you need to understand how you can turn on the system. that is according t

matt miller and mia saini with me, dressing very festive.s are pointing to a higher open following a five-day rally, fueled by the fed's decision and yesterday's wow gdp report. the dow has now climbed over 1000 points in this past five trading days. that is an incredible run. >> you know what, those days when you call in sick -- >> no. >> and you see something work-related and it makes you keep yourself in the butt -- >> great day of news to be at work. >> i called in sick yesterday and then the dow 18,000, and i thought, omg. >> missed all the fun. >> let's not forget, in october it was the opposite. just a couple months ago we do not think we were going to see these levels. full of civility -- volatility was i levels we are not seen in a long time and there was no sense of the global economy wears. -- was. we have a clearer picture where it pertains to japan, china, russia. 20let's get back to stocks starting to trade in a few minutes. i want to bring in mohamed el-erian for his take on the markets and the jobless numbers. 5% gdp, and tha

mia saini has more on gold this morning. >> time for futures in focus.res are rising this morning, adding for the second quarterly loss as the investment is less desirable for investors out there. turning to me with more on how gold is doing is the founder of average joe options. i want to start with you another tough year for gold. what's going on? >> how is the u.s. economy doing? we see gdp for the third quarter -- >> 5%! everyone was shocked, right? >> obviously, that is not good for gold. people buy gold as a hedge against inflation or as a safe haven. none of the above is looking good for the yellow metal. >> over the weekend we got news that perhaps the chinese government would step in and bolster the economy. the chinese, as we know, in terms of physical demand for gold, are really present. >> they said that they were going to loosen the requirements for deposits and lending. anytime china does something that seems a little bit more like a stimulus program, it is good for gold from the things that might bring in some sort of demand but also an in

mia saini, bloomberg news. moving and shaking this hour, on a different note, the ceo of .endy's, emil brolick a fast food revolution in the u.s. -- hit by protests and the rising cost of obamacare, wendy's is trying to stay about the issues of mcdonald's and burger king, which means staying out of the breakfast wars. i sat down with him and we will bring you the exclusive interview coming up. emil is trying to find a sweet spot between mcdonald's and chipotle. will 2016 be another clinton versus bush race in the white house? wouldld be if jeb bush make up his mind pretty seemed to give a bigger hand over the weekend. and we state focused on the markets. why the words "considerable time" might be a laced by "patients -- might be replaced by "patience." >> jeb bush knows how to get the political world buzzing. while the former florida governor still hasn't announced his 2016 candidacy, recent moves have the feel of a burgeoning campaign. greenr, bloomberg's josh and miles weiss reported that he has been extendin

now, mia saini is standing by with market reaction. have taken tos this news.e are seeing green across the board on this wednesday. we learned of the projections that 15 of 17 fed policymakers see a rate change in 2015. 1.125%. what are we to make of these? >> that is a bit lower than the previous thought. we will reprice and the bond market for the expectation of how quickly the fed goes. not that they won't hike next year, but said of going -- jump, look at the biggest high-yield bonds are rallying the most since october of 2011. a vote of confidence that the fed is going to remain accommodative for a longer period of time. >> with the slight oil rally today, that will help. >> by how much? >> the energy component is 70% of the index -- 17% of the index. >> the decline in oil prices plus a more hawkish fed would lead to fundamental problems with companies which would then trickle into the economy. that has been the fear the past week. constance -- >> probably the most dovish member. he was a dovish dissent. he has wanted the fed to be more hawkish. they are n

mia saini has the changes in u.s.-cuba relations

some call it price-fixing. >> mia saini, thanks so much. >> happy new year, guys. >> happy new year askly, breaking news on the economy -- initial jobless claims are out at 298,000 rising 17,000. not good news. the estimate was for tour 90,000. these are the latest -- four 290,000. these are latest jobless claims numbers. >> for six weeks we have had jobless claims numbers under 300,000, and looks to me there was only one month since -- wow can you believe that, when weeks since september fifth that we have been above 300,000. >> we are about one hour away from the opening bell. we will see how that effects trade today. much more ahead. we will talk about the internet of things -- automating and linking up appliances, even your car, but with that comes in concerns including hack attacks. find out how companies are protecting your data in the cloud. ♪ >> this year, the internet of things proved to be more than just a catchphrase. you might say it to the consumer world by storm. in january the consumer electronics show was buzzing for shiny gadgets for a "smart world" and more gadgets ar

our own mia saini and cyber security expert peter singer.ut.s a new book i've been saying since i was six, never write it down. if you have anything bad to say, don't write it down. "market makers" will be back. ♪ >> we will hear from the ceo of td bank in toronto. and how to get a complete makeover in your own home. putting in a call to glam squad. ♪ >> welcome back to market makers i'm stephanie rule. we have got breaking news out of washington. the f.b.i. is now officially accusing north korea of being behind the sown ji hack attack. pete center >> this is something stephanie he had been reporting all this week about the government leaning this direction and now we are expecting to get official word according to u.s. law enforcement official that they will spell out why they think north korea is ultimately behind this cyberattack against sony. that is the big news today. we wait to see exactly what evidence they will put forward. the big question after that is how will the united states respond? what are the options available to the gover

saini. reporter mia this is the last quarter of the year. up how 20 has been for the federal reserve? roughhas probably been a ride for them. they saw the fall, even though we have the taper. they have seen inflation suddenly really low here. they have seen the economy -- the economies having trouble exporting some of that to us. that has been a big problem for the fed. we are at an inflection point where a think you will really see volatility factors come into play. >> what are some of these factors? >> i think the real economy is playing up the way the fed hoped it would. retail, wages, all of that is playing out the way they thought. the question is, how much will be international market turbulence impact the decision today and will it take a considerable time? a week ago, we thought it would. now it is 50/50. >> lisa abramowicz, what does the debt market need to hear from janet yellen today? >> they need to hear nothing exciting. [laughter] it needs to be completely benign. if the fed is more dovish or hawkish, you will see a pretty vola