emily: nokia said to be in talks to buy juniper networks.coin continues to hold the attention of investors around the world. increased warnings that the .urrency is in an asset bubble the nasdaq plans to introduce bitcoin futures next year. coming up, arianna huffington talks about raising money for a startup, uber's turnaround and the sexual harassment scandals. this is bloomberg. ♪ ♪ ♪ uber's losses grew bigger in the third quarter, losing almost $1.5 billion. it is trying to fend off competition globally, but is facing more legal challenges and regulatory scrutiny. member defended the company, saying it conducted a full investigation into the recent hack. thealked about uber and sexual harassment scandals with arianna huffington. we began our discussion on the thrivefunding round at in the next phase for the start up. year spend the first behaviorour ip, change, for ways, micro steps, and with new funding we can science-based, offerings for corporations and consumers to help them reduce the stress and burnout in their life while improving

nokia has launched the back to basics of the device. battery life is reasons to"]!i ñ o9! 100 h percent. yñ id Ñ miss-a3azzhrnd÷hÑ lot the conveniences, but mano oh let's rag back to rotary phones. gr. not that far back. in the meantime thanks,fg4@ppdchax >>er8 ú-÷.75 when someone is too tired to drive all through the sound of their voice. drowsy drivers cause thousands of fate crashes r year, so speech scientists in the uk are developing a system thatxúj$8az7y/x i>% detectslyxaomÃ0÷j tifi@ changes in the pitch rhythm and quality of a woulder's voice the device they're working on would be a i'm too of system inside a vehicle that would record the voice and % lj a fatigue monitoring system. we have some cold on the horizon cold, the coldest air we've get in a while. we. been in the 30s yet in the city yet thisdqphz7 yu8$úv" mcñ usually we get one cold snap. october was a very warm month for us. the second warmest october. now it's november, and it start ed off on a warm month as well. that's starting toen.yqh xz zw, @&c @&c&ax /lhzr

nokia has launched the back to basics of the device. battery life is reasons to"]!i ñ o9! 100 h percent. yñ id Ñ miss-a3azzhrnd÷hÑ lot the conveniences, but mano oh let's rag back to rotary phones. gr. not that far back. in the meantime thanks,fg4@ppdchax >>er8 ú-÷.75 when someone is too tired to drive all through the sound of their voice. drowsy drivers cause thousands of fate crashes r year, so speech scientists in the uk are developing a system thatxúj$8az7y/x i>% detectslyxaomÃ0÷j tifi@ changes in the pitch rhythm and quality of a woulder's voice the device they're working on would be a i'm too of system inside a vehicle that would record the voice and % lj a fatigue monitoring system. we have some cold on the horizon cold, the coldest air we've get in a while. we. been in the 30s yet in the city yet thisdqphz7 yu8$úv" mcñ usually we get one cold snap. october was a very warm month for us. the second warmest october. now it's november, and it start ed off on a warm month as well. that's starting toen.yqh xz zw, @&c @&c&ax /lhzr

past five years finland has managed to build a flourishing entrepreneurial scene on the legacy of nokia's phone operations and the creation of gaming heavyweights supercell and the angry birds developer rovio yet the country on the why do european region struggles to create a true global giant to compete with u.s. companies like google who isn't from. finland if they do something with cell phones at some point if it works yes that's right friend has the latest now on the papal visit to baghdad well that's right pope francis has become the first pontiff to visit bangladesh in more than thirty years the row hinge a refugee crisis is said to dominate his visit to the country is hosting hundreds of thousands of oranges who are living just take a look at this makeshift camps after fleeing me and more now on arriving in bangladesh francis called for decisive international action to solve the crisis once again in deference to me and more he avoided using the term were hedge. pope francis is asia tour has taken in two sides of a desperate humanitarian crisis. on the one side me and maher accused

remember blackberries, nokias, samsung.nostalgic, david. >> only as good as your last model. it is a short product cycle. you have a lot riding. it is a narrow company. 2/3 come from the iphone. iphone, ipad, imac. liz: what did you sell it. and buy it? >> we bought it in the 90s, with the stocks up 75% i can't tell my clients to add to it. traditionally 12, 13 times earnings. 2% dividend. one and a quarter, value guy. my clients money is important. liz: david, thank you so much. with the buy later theory. [closing bell rings] too close to call but possible record closes for all three. the dow is there right now. we'll see "after the bell." melissa: we'll call it a record. >> everybody go home, nothing to see here. nail-biter into the close. too much to see here almost. melissa is right. looks like we'll get a fifth record close for the dow. how we settle. s&p, same deal. nasdaq near a record high as well. we're watching all vest cloy as always as they settle here over the next few minutes. i'm connell mcshane in for david

there is no time at my nokia monocacy. yorker will talk about that fight. the bullets flew like hailstone. gordon's own brother is wounded in front of the georgetown pike. as the confederates continue to back toward fall the georgetown pike. over years of travel, it has sunken down. this is their final position. gordon's men attack and again, they trade shots. the flag goes down, flag goes up. 5:00, gordon's men continue to attack. by now, they are starting to gain ground. out. ammunition is running 5:00, they break back towards the baltimore pike. himself pulls out. an cover the retreat for those experienced veterans. 1200 unionbout losses and a thousand confederate losses. the battlefield is left scarred and bloodied. soldiers talk about how it is a tremendous experience -- for in horrendous experience. thing lewe last wallace ever wrote. his memoirs were unfinished when he died. his wife tells us where he was in the manuscript when he died. he was willing himself to tell about the battle of monocacy before he died. defeated, talkis about a great defense.

that nobody in britain still liked anybody in france and was prepared to go to war in 1938 to save nokia in advisedly ones that had happened and chamberlain became a world-class hero "the new york times" lavished praise on him for saving a sophomore in 1938. he gave an unconscious guarantee to poland to contact them if they were attacked by germany even though there was already apparent that president clinton is the next on hitler's list. hitler was convinced that tubulin would never go to war if he attacked poland and he said once in between discussions in 1938, political discussions in munich, that tubulin attempted to make small talk which was talking to him about dry fly fishing and a major interest of neville chamberlain and not something about which he knew anything about or cared and he came back from that meeting saying i know these people and their spineless worms because their natural conversation with fishing he probably never got the sense between dry fly fishing and fishing that uses a warm but he was wrong about tubulin and is even more disturbed because lord halifax when h

analogous situation where a huge deal did go through, i thought you would refer to this microsoft and nokia. not the same, but sometimes the multibillion dollar deals are better for consumers they create a better product, not good for the companies. who is the justice department say they know the future, they don't, let if go through. david: we didn't know what was happening 5 years ago about the way that information and entertainment received from people. how can the government figure out what is going on happen 5 years from now? maybe this deal will strangle at&t in a way. sticking them with old technology, there is so much new technology. for government to assume they know more about the future what is good for the consumer 5 or 6 years from now is nonsense. i think their predictive power are so false in the past. liz: remember they were worried about blockbuster. >> right, and how long did that take them to go underground because of way that technology changed. technology is changes faster than certainly any bureaucrat, whether they are republicans or democrats. and again, the fact that

i still nokia to have their cell phones and have their speakerphones -- i still know kids that have theirnd their speakerphones out. live is on android. we see people on those devices that we don't see on other devices. you want to match the customer and the device on the right device. you want to meet them on every device that the right services. make sure you focus on the customer with the device they want to use. ofy: what does the right development cost for a serious console game right now? ,hil: from $1 million -- now you're talking about the ecosystem. you have people starting games with an idea. and i thing about this game today is you can put an idea out there and grow the community. we have a game preview program that allows people to ship unfinished games and get feedback from the community and grow those games. one of our biggest hits is player unknown battlegrounds, one of the hottest games on pc today. but it ships early and it has not hit 1.0. it is in a pre-beta phase with 18 million players playing already. gamer, butnot a big i love me some -- [laughter] phil: there are v

other gastrointestinal issues, but the brands are the hambone, pork femur bones, handguns, smokey nokia have a doubt, do not give your dog a bone. cheryl: the specific brands. >> the specific kinds. >> it is basically just a bone that has been dried, flavored, package. anything like that. >> that is very frightening. one company, let's switch to something a little different. one company turned water into wine. tracee: soda stream come in the company where you can turn a glass of water into soda. they have figured out a way to turn water into wine. a white wine concentrate, bubbly riesling as they collect from the sparkling gold. you'll be able to make about 12 classes with the concentrate, but the bad news here, don't hate me, only available in germany. trent provided they always do that? transfer by do they always do that? -- lauren: my favorite story of the morning, only available in germany. sometimes reality takes a page from hollywood. >> just out of curiosity, which casino did you geniuses pick to rob? the bellagio, mirage and mgm grand. lauren: will tell you about an actual real-

that is the question going forward, or will it be like nokia. ?rs ago and tell them that nokia will be a niche player in mobile phones, they will tell you you are crazy. the sinking could happen to bitcoin, but that is a long way in the future. in the medium term, there will be interest in whether or not 10,000 ins of being a round that provokes a lot of people who have been making enormous profits on bitcoin this year or sitting on them to take some of those profits off the table. there will be the capacity for people to sit back and say we are going to wait and see if this can go further. i and tending to think it can and will. it is at that chain reaction stage where it will just cycle higher and higher and higher until something fundamental or silly causes the drop off. play that has been driving it comes home to rest in you find it is a bunch of people who bought at $11,000 or $12,000 and $19,500, they turn out to be the greater fools who bought at $1000 or whatever the case may be. haidi: evaluation is the conundrum here. some saying the blo

companies like a bad wells fargo investigation or earnings report or a possible takeover like the nokia to buy juniper deal might happen, they start taking stocks up again in the midst of one of these it might not even matter if macy's comes out and says black friday was bad. the trade is going to trade higher with all the dough mess tick retailers until -- by the way, also because of the buying from etfs which contain the stock of macy's. now, you could have a retrailer in the fifth quartile of the group. why do we care about a binary day that -- you made out like a bandit if you owned the big dow and domestic stocks but slammed right upside the head. i tell you why because of the pain if you're in f.a.n.g. or its derivatives if you bought these stocks on margin meaning you played them with borrowed money i bet you'll get blown out sent to kingdom come permanently souring on stocks which is one of the reasons why i do the show. i don't want that to happen. and that's why i've played m.i. diversified week after week for more than 15 years so before we get that today's action in particul

the mission to eastern ukraine thank you so much for coming in this morning nokia is accusing the separatists of firing mortars across the cease fire line in recent days says its troops have come under heavy machine gun fire are we witnessing an escalation in this conflict the special monitoring mission has observed during the summer months comparatively low number of ceasefire violations however in the past four weeks we have seen a steady but surely increase of the numbers of ceasefire by elations reaching again four digit numbers on single days kuhlmann a thing to sweet and if the use of multiple launch rocket systems some of the most heavy and largest caliber weapon both sides use a discount flick resulting in multiple civilian casualties that are more of those have been corroborated now over the weekend what's behind this there are two main reasons why the fighting is continued is a military technical reasons one is the persistent presence of heavy weapons mortar tanks artillery devices including multiple launch rocket systems on both sides of the conflict lines in areas where to scienti

television sets back in the sixty's who remembers that nokia was once the world number one in phones it can go very quickly in this market if customers lose confidence and that's this really hoping for anything in particular for christmas. actually i'm mulling over getting a new phone my my phone is a few years old whether it's an apple i have to think about that. i think the main thing is a few nice days with friends and family first and foremost that's the most valuable thing you got to right there at the stock exchange thank you another job for president donald trump's rich mates pending senate approval the new fed head next year will be to run powell he'd be among the wealthiest to lead the u.s. federal reserve documents pick his fortune at fifty five million dollars he could be worth double that tells not a trained economist but he's expected to back trump's deregulation drive u.s. president donald trump considered five names including current fed chair janet yellen before choosing powell who has served as a fed governor since twenty twelve a soft spoken centrist powells name ha

nokia is in talks to buy juniper networks.ing from reports that they are in talks to buy the company. networks getting a huge pop on that report, up by 20%. juniper networks is a name we all know well. joe: they are a real survivor. >> everything else was down today and juniper was up 5%. hotonly that, it has had a streak, nine sessions in a row it has been up. scarlet: trading below $30 a share is where closed at today before this report came out. if you look at the bloomberg, you can see when it was around $340 back in the heyday. joe: you have not made back your money. scarlet: you have not. from new york, this is bloomberg. ♪ >> "what'd you miss?" a volatile day for bitcoin. it tumbled almost 20% from its wiping $2000 from its price in a single session. joseph stieglitz sounded the alarm earlier in an interview with bloomberg. >> bitcoin is successful only because of its potential for circumvention, lack of oversight, so it ought to be outlawed. stieglitz get off my lawn commentary. populary it has proven recently. do we k

nokia in talks with the juniper, or that they are preparing a takeover bid -- it was on a nine day losinginterested and they want to help the network unit that has been struggling, but apparently that is no longer in play. take a look at tech, paypal and nvidia, what they are doing, about up 1%. these are the winners and s&p tech index. and 69 tech stocks in the index lost a 140 -- lost $145 billion in one day. this is their worst slide ever. now we have a modest rebound, up by 1%. and the question, why? we will tackle that later. jonathan: we have spent so much time talking about this, and not the processing companies. david: that is right. jonathan: wow. david: growing astronomically. jonathan: another big story, how the percent -- present will populate the federal reserve. he is nominated good friend. we spoke with his college earlier about what do -- his college earlier about what to expect from a nominee? >> the initial reaction will be that he is more hawkish, he believes in monetary rules, but i would point out that during the financial crisis, those monetary rules work only for ex

nokia denying report that it's in talks by networks, nokia is not currently in talks norris and interestedcquiring company. more than 5% lost. stock to watch today certainly. well, investors in bitcoin have been on a wild ride this week. yesterday the digital currency soared then it tumbled. crossed the 10,000 mark for the first time, hours later 10,000, reversed course, dropped more than $2,000, several exchange struggled to handle surging and closed on the market 10,214, well, the wall street journal is saying, by the way, that the nasdaq want to launch bitcoin futures in the first half of 2018, stay tune and then there is this. prince harry said that he fell in love with fiancee meghan markle but research at netherlands found out that love at first sight doesn't actually exist. after round of speed dating they found that initial attraction was based on physical appearance and the feelings were not mutual between participants. the study found that this gets better which is a problem. [laughter] >> the study found that men were more likely to think that they have fallen in love at first s

george washington mandated after a smallpox outbreak that all of his troops be a nokia waited. -- innoculated. there was a lot of controversy but it was done. then the vaccination came out for it. there were also other epidemics including measles, diphtheria, those sorts of things were also epidemics. what really killed people where the common -- yes, outbreaks were bad but that only happened every 20 to 30 years. so a lot of people might die but then you had a long time before people died. it will until people is the everyday stuff. one of those things were things coming out of your body which you don't want coming up. diarrhea, bloody diarrhea, dysentery. this is a recipe from someone who lived in new england, massachusetts in the 1750's. michelle kaufmann wrote a book about her called "one colonial woman's world." in the end, she included her recipe book. those are her recipes for all sorts of fluxes. take two courts of new milk, oak bark.and outward you would know what to do with this. she does not tell us what to do with us, but households in these days would know what to do. you did wha

the real nokia equifax breach compromise the personal financial 4,145,000,000 americans. i can't begin to know what we can't even begin to know what ramifications will have this really have individual to the families and individuals that are impacted. i think it's clear that a good for her needs to do more than have response to help victims respond to this breach right here and now that you make a commitment right here now that equifax will notify every person who is impacted is breach? yes or no we. >> we have been working with consumers and have a social media or web-based to make sure social media work is active. is teamwork and i have a team working every day to make sure area. >> i know you backed it in areas were state laws and demands that you do so. i wrote doesn't are you going to reach out to check every individual is believed was impacted to let them know. >> we will execute morning to the long as accident if there's an absence of long, you want to anything? >> were actively engaged to make sure that the -- >> equifax have to go set up a poorly functioning webs

but it's interesting, the car producers are going to be in a position like nokia was as a producer ofd sets. it used to be you used the hand set and you made money on it now modern cell phones, the makers probably make next to nothing and the value is captured by the service providers, the verizons, the at&ts, the sprints, and so forth. and it's going to be the same with cars. i always use the analogy, have you ever heard of american freight car company? american freight car company is a big company nobody's ever heard of them because you don't brand freight cars they get sold to the railroads who put them in trains that's much the way it's going to be with the makers of the modules. they will be bidding on big contracts for people like uber or lyft and all the other companies. >> why wouldn't it be -- to that point, uber right now, their business model is based on having a driver who owns a car they might help them buy that, but why will it be gm, which owns the car, and just the software >> well, that's -- gm owns the car, if you look at the invested capital of not only owning the m

nokia has denied a report it's n acquisition talks with union with juniper.struggling for growth because the networking market has shifted away from combinations of custom hardware and software. and the computer system problem has left american airlines without enough pilots for 15,000 flights during the holidays. the glitch allowed too many pilots to take time off in december. american says it expects to correct the problem in time. the airline is offering pilots 1 1/2 times their normal hourly rate to pick up some of the flights. and that's your bloomberg business flash. francine and tom? tom: we're thrilled to bring you from our london studios, michael wilson out of m.i.t. nd run the ship at legal for the c.e.o. nigel, is all the debate legal and general wants to stay in the active business, when will you give up and ecome an all passive shop? nigel: we're huge in the passive business anyway. if you're a passive house you're active with the shareholders because you're in for the long term. it's a peculiar phenomenon. whereas if you're active, you're very i

better part of 20 years and i've seen them run into these legal issues before with erickson, with nokiaand generally speaking they come out victorious pretty much every time. so i do think that they will, you know, likely emerge better than people are expecting here with this apple dispute. >> all right we'll see what emerges with broadcom, too. tom, thank you very much for your time. >> thank you appreciate it. >> tom joining us from northland capital markets. >>> meantime, retail jobs are one of the biggest weak spots in the october jobs report we got this morning up next, we'll look at whether problems with retail could end up putting the broader economy at risk. >>> several popular employee tax perks will be repealed under the proposed republican tax plan in congress we'll tell you what they are includes corporate gyms. see how you could be impacted later on "the closing bell." nci, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i ne