liz: well, brent's risk is overseas.ng to see why you feel that it's really time to go overseas, and specifically you can get to some of your picks right now because people are dying to hear where they can find yield with a little bit of risk but at least some reward. >> yes. you know, to back up and put it in perspective for the past five years, since march 2010 we've had an overweight to the u.s., and for much of the past year we've spent time decreasing that and moving more toward international, and that's really a monetary policy call. about a year and a half ago the euro skeptics started becoming more popular in europe, and that was the impetus for the ecb and for the fiscal authorities to stop austerity measures. and so if you look overseas right now, expectations are extremely low, banks are actually beginning to lend, and the fundamentals, valuations are a lot lower. so we've become more interested in moving money towards the eurozone. this is an index -- etf which is a dow jones stock which yields about 4% and g

second who says we even need to go overseas? back home we have unfortunate domestic whiners, but the retail chains got hammered at the opening like everyone else in the sea of red ink. i thought we would get a chance to buy kroger but it wasn't even down. the hideous opening gave you a chance to call your broker no broker when the market was down i want shake shack, that is what you got to do. how about a domestic airline? i have been waiting for southwest airlines to come back down ever since i spoke to the ceo. but no maybe some interpretation will give you have a chance to buy, the fuel chance out there. maybe someone says the fed is insane for what it is doing, whatever it is not doing. hey, union pacific as we know doesn't have a spur that goes anywhere near one of these fine european vineyards. or -- chinese wine beer -- consider the domestic high yielders like the real estate investment trust. but when the market was drenched with red ink you could have gotten some like the senior house investment company or the epr prope

bad news overseas led to a lot what happened last week. today more bad news overseas. coming from china. get to the market panel, to see how that will affect markets tomorrow. jack mcintyre of brandywine global. he still sees opportunities in fixed income. david steinberg of dhs capital tells us the biggest headwind of 2015. michael beard of hodges capital management says there is opportunity in oil. jim awad, who says focus on market valuations. jim, i want to start with you. good to have you all here. china is down 8% today or there abouts. based on a big hit of banking and real estate. how will that hit our markets tomorrow. >> on the margin it's a negative, not a positive. i thinking here in the united states, left alone we would do fine based on our economy and interest rates and valuations but that there are risks from overseas. one of them is the weakness overseas start either, creates an accident in the credit market that affects us or starts to be a drag on economic activity through the export sector. so on the margin it's not good news. cheryl: you know, davi

even further, that would be to end the 40-year-old ban on companies here from selling their oil overseasyou say killing these ban is way overdue. >> get the government out of the way, get the federal reserve out of the day of dee valuing the dollar. that's what we need to do a true free market in oil. >> rick, should we get rid of this ban? it's 40 years old. >> do you know what, the time may have come to get rid of it i can see the argument, but the question i have, is this the right time? prices are all super low right now, people are losing jobs in the oil industry i don't know if this is the best time. >> steve it is the best time because people would get jobs if companies here were allowed to ex port oil overseas. >> yeah i never thought i'd see the day that rick would be in favor of a higher oil prices and shaft the working people in america. some liberal you are. we do need free markets. this is a form of crony capitalism david helps certain refiners but hurts the american consumer. >> bill, it's free trade just open the doors allow these companies to sell their oil overseas. >> o

many like sara el-sayed have worked overseas. sara worked on refugee issues in egypt, iraq, jordan, nepal and india. she'll do her graduate work at princeton. deetta cravens was a rangel undergraduate scholar and will attend harvard university. >> deetta cravens: my background has a lot to do with why i chose to be in the foreign service. i grew up in oklahoma. my dad is african american. my mom is native american and caucasian. and i couldn't live in a more culturally diverse family. i think that at a very young age made me curious about the world. i went to a very small liberal arts college in oklahoma, and one of my professors sent me an email just with a plain announcement about the rangel program, and i have never been so happy to read an email. the rangel program offers a lot more than entry to the foreign service. that's kind of the -- the icing on the cake. but what you get from the rangel program is a network of mentors who really, really care about you and care about the work that you're going to do and care your succes

they're expanding overseas. you could see more of the same success, but $2162 26 billion is a hard number to beat. >> thank you very much. >> what's it like to be driving hands-free on the highway? we're taking you on a test drive, and one that you likely have never seen before. >>> december was another blockbuster month for auto sales thanks to lower gas prices a stronger economy and an incredible affection for big pickup trucks and sufbs. sales at chrysler last month shot up 20% thanks to strong sales of jeeps and regular trucks and even though sales at ford rose just 1% it was the automaker's best december in nine years. for 2014 the auto industry sold just under 17 million cars and light trucks. that was the best year in nearly a decade. here's a look at how shares of detroit's big three fared today, fiat chrysler and ford down on this soggy market day. gm lost 1.5%. >>> aaa says the nationwide average price of gasoline has fallen for a record 102 days in a row to $2.20 a gallon and that has some lawmakers c

overseas, rather than at the end of the flight.it is popular with the public. you get home. you are tired. you want to get in your cap, not go through extensive screening. pre-clearing popular with the traveling public, and it is an opportunity to screen people were before they get on the airplane bound for the u.s. we now have preclearance overseas at 15 airports. last year, 16 million passengers were screened. abu dhabi, the most recent airport at which we opened, 290,000 passengers were screened last year, along with crew. more than 50 individuals were denied boarding in abu dhabi last year, including several on the terrorist screening database. i want to expand on preclearance capability. i want to expand on it in a way that does not give any airline or set of airlines a commercial advantage of any type. so we put out a solicitation worldwide to airports overseas preclearance. we received back late last year 25 indications of interest in setting up preclearance capability. we want to move forward on that. border security is clo

overseas is to negotiate these new trade agreements. tpa is a critical part of securing the ability for our negotiators to bring back the best possible deal. we are hoping to see this legislation in february and move through as quickly as possible. it really helps to ensure that the president and congress are working together. they both have constitutional authority in this area. we cannot have 535 congressmen going to negotiate in japan or china, but congress absolutely has a strong role in trade. this helps both the president and congress to work together and bring back an agreement that will help to level the playing field. host: does tpa allow congress to have an up_and_down vote on anything that the message that? guest: this is what is important to grow our economy and our jobs. the administration is required to brief and consult with congress as these negotiations go on __ show text to members of congress. when the agreement comes back, assuming the demonstrations and everything that congress told them to do, congress will take it

and how lucky are shareholders they can't build railroads overseas? that company is on fire with so many cargos going into high single digits. how about wendy's? i know mcdonald's supports tomorrow, and i think the charitable trust actually owns it for the yield. and a chance for direction maybe at the top there. change. but it's wendy's that hit a new high today. congratulations. you know, let's see. wendy's, mcdonald's. what do they do? they both make burgers. one makes burgers here the other guy makes them over there, too. put aside that wendy's taste better. let's say you want to sell burgers domestically now, you don't want to sell billions and billions overseas. give me an american first burger. hold the biggy fries. oh, and here's some truth. if you are in a real growth business, if you're in something that isn't competitive with others, and is necessary to living like netflix, up big again, you don't have the currency head winds either even if you're overseas. you don't have comparisons that make the winds relevant. you don't need to baton dow

with an armed services addition that distributed novels of soldiers and sailors overseas. and then into the armed forces overseas and gatsby is on its way. how many copies these days? >> in a normal year fitzgerald publisher sells five and 2000 copies. because of the movie they sold at least three times that. >> that sounded like a deconstruction to me but i will not quibble with you. how did you get to be the book critic at fresh air? >> i will send it to wit while i was in grad school at university of pennsylvania writing my dissertation. and fresh air was the three airlines show i heard it was going national in with my book reviews but then a few months later i did in expose day of what was like to be with the ap english exam and fresh air said we want you to do what on the air. john leonard who was then the book critic who i still think of as the greatest book critic was generous enough to save bring her on board as the second book critic there is more than enough to go around. >> reading at least three week lead delivered to my small rowhouse and then also to my offic

what about the other patients overseas? here's how it works.ady to be a medical tourist at bumrungrad. you apply and the hospital reviews your application. >> he has headache and mild hearing loss. >> if your application is accepted, it's presented to a specialist who will decide whether they can or can't treat you. >> you believe you can help. that's great. >> if approved, the hospital would then provide the patient with a flat price for the service. mind you, this price is the same whether the patient is insured or uninsured, and then an on staff fixer coordinates the accommodations and travel. one international flight later and that patient is in the waiting room in bangkok waiting for their appointment. by the way, i'm having a colonoscopy right now. hey, how are you? good morning. andrew day with dr. varapan. >> we'll swing you around here. this is andrew with dr. varapan. andrew works for a government contractor and cam here three weeks ago for surgery. what brings you in today? >> coming in for a follow-up from back surgery i had with dr

overseas, and drawn to the idea of fighting jihad.many people will say it's all very well now to talk about ren forcing security but more could have been done before. security is one of the aspects on which president hollande is going to be very much scrutinized. and there will be questions on how french society processes this. the president saying we cannot equate these actions with the islamic religion. is everyone going to accept that or is there a danger of vigilante attacks, and launch attacks as a symbol of something they may see as a danger. >> i know it's still early days but do we have any idea what steps they will take to increase security in france? >> i think we're going to see increased scrutiny. increased examination of the intelligence agency's databases, information about people returning from overseas. we have seen time and again when there are in fact violent incidents of this kind i'm thinking of almost three years ago when there were a series of shooting incidents in the southern town on that occasion the gunman wa

the government alleges that mohammed hamzah khan tried to travel overseas to fight for the islamic state. khan was arrested at o'hare international airport in october while trying to board a flight to turkey. khan's lawyer calls the indictment announced yesterday“ politically motivated” and an effort to justify what he described as “the hysteria over isis.” the hacker group known as anonymous says it intends to do all it can to shut down web sites and social media accounts linked to terror groups. the organization released a video yesterday declaring war on terrorists who it says violate what it calls the “sacred right to express opinions in any way.” in the past, the group has made headlines by launching cyberattacks against government and corporate web sites. federal prosecutors reportedly have recommended that felony charges be brought against retired four-star general david petraeus. petraeus is said to have shared classified information with his lover while he was the director of the c.i.a. he has denied the allegation. attorney general eric holder had been expected to decide by the

they've been welcoming a record number of travelers from overseas. and many of the visitors have been arriving from china. chie yamagishi reports. >> reporter: this duty free shop in ginza expanded and reopened a little over a year ago. it targets travelers from abroad. staff can provide services in 15 languages. foreign travelers come to the store. more than half of them are chinese. many buy brand name goods like cameras and watches. but they also come for things like rice cook ersers. customers from more than 70 countries have visited the store. and they've been spending more and more money because of the weaker yen. >> translator: i bought many things. such as beauty products and electric appliances. >> translator: made in japan products are good quality. it's inexpensive to buy them here. >> reporter: the shop's sales last year tripled compared to the year before. >> translator: we want foreign customers to recognize japanese services and products. and we'd like to boost sales. >> reporter: more than 13 million foreigners visited japan last year

i convene and my team convenes weekly to review threats to our personnel overseas, to make sure that we are doing everything we can to protect our diplomats, intelligence, aid workers, military personnel who serve so bravely overseas and it's a top priority we have when we're talking about our personnel who serve overseas. >> and finally, do you anticipate any steps with congress. there was a suggestion from one of the congressional leaders on the republican side, john barrasso earlier to me that this would be another reason to go up against the president's immigration initiative because it would cost $40 million that homeland security should instead be spending on counterterrorism. is this going to become a partisan effort? >> i hope not. because in the national security space and the counterterrorism and homeland security space, i think that is an issue of particular import that we take a bipartisan approach because i think we all share the view the safety of our personnel, whether they're overseas or here in our communities needs to be a nonpartisan issue. >> and no plan to close

they're selling more apps overseas and more hardware overseas.em recently raise the price of the iphone in russia. this move is raising speculation that maybe they will change iphone prices around the world. you never know. >> they will probably have to with the rising dollar. all kinds of weird effects when we see the currency trading. it will be hard to see overseas. -- harder to sell overseas. thank you. you can always get the latest headlines on your phone, your tablet, on bloomberg radio. more "bloomberg west" tomorrow. ♪

to the point that some overseas companies from china to other kpaeps. it's more incentives for american around japanese companies and china back home. >> like the sluggish european japanese economies, the direction of the federal u.s. monetary policy. how do you see these affecting china? >> i see the biggest coming from europe, the potential crisis which is now the continents with china's exports. it's not just for federal employment also in china, the on going tension between the two countries may lead to some japanese manufacturers to move their base to china, that is the labor-intensive jobs lost in china. the other is the strong u.s. dollar. a strong dollar may lead to emerging market crisis. although, could also have china's exports if emerging markets suffer crisis this may hurt china's capacity to overseas countries to infrastructure. but any recession in these developing countries may mean chinese infrastructure companies to lose overseas steels. >> japanese officials are working on ways of expanding exports of infrastructure. in vietnam, they

they're selling more apps overseas and more hardware overseas.em recently raise the price of the iphone in russia. this move is raising speculation that maybe they will change iphone prices around the world. you never know. >> they will probably have to with the rising dollar. all kinds of weird effects when we see the currency trading. it will be harder to sell overseas. thank you. you can always get the latest headlines on your phone, your tablet, on bloomberg radio. more "bloomberg west" tomorrow. ♪ >> it has been five years since haiti was hit by a devastating earthquake. >> we lived one of the worst moments in our history. it was an armageddon-like situation. >> the government says the country is moving forward and haiti is open for business. >> we want to attract more businesses. maybe what we are doing today will show the government that they need to come here and help people to have electricity running water. >> there are people living in the streets and the country still has horrible infrastructure problems.

they've been welcoming a record number of travelers from overseas. many of the visitors have been arriving from china. nhk world reports. >> reporter: this shopping expanded and reopened a little over a year ago. staff can provide services in 15 luggages. >> more than half are chinese. many buy brand named goods like cameras and watches. they also look for rice cookers and beauty products. >> customers from more than 70 countries have visited the store. and they've been spending more and more money because of the weaker yen. >> i bought many things such as brutety products and electric appliances. >> made in japan products are good quality. it's inexpensive to buy them here. >> the shop sales tripled compared to the year before. >> we want customers to recognize japanese services and products. and we'd like to boost sales. >> more than 13 medium foreigner foreigners predicted from a year ago. the third on the list after taiwan and south korea is china. in the rise of 80% from the year before. >> this year we expect to attract more than 15 million tra

closing corporate tax breaks that lead companies to go overseas. let's come together with a plan, for goodness sakes. >> another debate you'll have this year is over the debt ceiling and raising it. congressman price brought up a few weeks ago, suggested the idea of revising the boehner rule, which would result in every increase in the ceiling, would be matched with a decrease in discretionary funding. i'm assuming you wouldn't be for that. do you think that this could possibly lead to a show-down between republicans in congress and president obama? >> well, i really thought we'd gotten over using the debt ceiling as a political weapon because it has such devastating economic consequences. the consequences of a government shutdown are very disruptive and bad for the economy. but the consequence of the united states defaulting the debt obligations would be catastrophic. and you know, mitch mcconnell, when he was elected republican leader, said that republicans aren't going to do that again. so i hope tom price will at least in this instance listen t

one way could be to live overseas.k at budget retirement hot spots editors of international living and authors of international living guide overseas on a budget. welcome to you both. i should have said susan. welcome to you both. great to have you here. a lot of people flirt with this idea of living overseas. what do you take into consideration when you're trying to make that decision? stan? >> well, it's, it is a big decision. it is not for everybody. you have to kind of ruthlessly profile yourself to see what you can live with and what you can live without. if you find it is not in your comfort zone you shouldn't do it. if you like adventure, if you like a challenge every day, if you like other cultures and if you like to save money, it could be a good move. gerri: susan, you guys have a great thing to consider including, climate health care. i like, whether you fit in or not, cost of living infrastructure. how do you think about these issues? >> well, you know, those are probably the most important things that you

instead of sending large ground forces overseas, we're partnering with nations from south asia to north africa to deny safe haven to terrorists who threaten america.

. >> instead of sending large ground forces overseas we're partnering with nations from south asia to north africa to deny safe haven to terrorists who threaten america. in iraq in syria american leadership including our military power, is stopping isil's advance.

. >> new threats arise overseas

they are looking at overseas trouble, most notably to yemen and u.s.ids in paris, including seven arrests, are related to wednesday's shooting bill. >> as you know, when a story like this breaks you run to the computer. what are officials learning from traffic online? >> an intelligence source highlighted to fox news a tweet sent out less than an hour after the attack where three al qaeda leaders include the leader of al qaeda in pakistan the american cleric, the first american targeted for death by the c.i.a. and a leader of al qaeda in yemen and the person responsible for the group's propaganda journal, inspire magazine. fox news is told the tweet is connected to the attack and it is being reviewed by investigators. it's worth noting and emphasizing the brothers claimed they were al qaeda with one saying they specifically indicated they were with al qaeda in yemen. >> answer the best you can, the report out of france suggested they were orphans but grew up in france all their lives. then you come to this question about whether or not authorities came

president obama taking aim at companies keeping profits overseas during last night's state of the union address. >> let's close loopholes so we stop rewarding companies that keep profits abroad and reward those that invest here in america. >> but my next guest says the president missed a huge opportunity to champion corporate tax reform and that

applause] 21st century businesses, including small businesses, need to sell more american products overseas. today, our businesses export more than ever, and exporters

. >> 21th century business did including small businesses need to sell more products overseas. today our businesses export more than ever and exporters tend to pay their workers higher wages.

if you look overseas, europe, you started it, tracy.ope's going to add all this money, over a trillion dollars, i'm not sure they'll get that much. i think it's a great tailwind, particularly for the pigs, portugal, italy, ireland and greece. it's an expensive way to move the market. >> quantitative easing doesn't do anything, it hasn't helped in the united states. the economy is going to be powered forward without qe. i can argue that qe would have served us best if it ended earlier. the reason why treasury yields are going down is not the fear of the united states here that the economy is not moving forward, it's because you have fear overseas. what are the europeans going to do? the chinese going to do? move the money into u.s. treasuries. safest asset there can be, paying a heck of a lot more than their sovereign debt is paying, that's why the dollar is strong. i can argue that qe is not going to help the eu -- >> we will have to wait and see on all. that great conversation, you guys, mark yusko from morgan creek capital management

. >> instead of sending large ground forces overseas we're partnering with nations from south asia to north africa to deny safe haven to terrorists who threaten america.

>> 21th century business did including small businesses need to sell more products overseas. today our businesses export more than ever and exporters tend to pay their workers higher wages. but as we speak, china wants to right the rules for the world's fastest growing region. that would put our workers and our businesses at a

>> reporter: of course there are questioning being asked, we're talking about someone who went overseastrain in an al-qaeda camp in yemen and then came back to france again. there have been questions about how could somebody like this just re-enter french society. and questions about the younger brother as well who had previously been convicted and imprisoned for trying to recruit fighters to go to iraq so these were two brothers on whom the intelligence agencies had a lot of intelligence about previous activities to deal with fighting wars overseas but these are just two examples and but the reason i think this story is not finished is these are just two examples names we know now. the question the authorities and security and intelligence services are how many more kouachis are out there. there has been a recurrent theme in france this concern about young people who have gone to fight jihad overseas and come back radicallized. estimates put the number of young french people many of whom are of heritage with grandparents or parents who came to france from north africa for example, and

the fact of the matter is if you look at potentially hundreds of young people overseas and coming back it's not possible for there to be an intelligence officers following every single one of of them. clearly, there's a need now for intelligence agencies to look in more detail who these people are and carry out assessments who may be a threat or not interested anymore in the ideologies. basically carry out surveillance to people deemed more of a threat to others. the fact of the matter is you can't follow everyone. you can't have a police officer on every underground station and in every underground train. there's a finite amount of resources to convince the french people they're using the resources in the most efficient way possible to keep people safe. >> jackie pretty much every french politician that has commented has used the word unity to address this crisis. is there a fear there that there may be some that still want some kind of retribution, and what's the government doing to try to save guard against that? >> reporter: there's a feeling that these attacks, although we don't t

. >> instead of sending large ground forces overseas we're partnering with nations from south asia to north africa. to deny safe haven to terrorists who threaten america. >> just four months ago, the president touted yemen as a

they're selling more apps overseas and more hardware overseas.em release the price of the iphone in russia. this move is raising speculation that maybe they will change iphone prices around the world. you never know. >> they will probably have to with the rising dollar. all kinds of weird effects when we see the currency trading. it will be hard to see overseas. thank you. you can always get the latest headlines on your phone, your tablet, on bloomberg radio. more "bloomberg west" tomorrow. ♪ . . . . . . >> 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 b

that would eliminate tax to duction's that go overseas.t gives them a 20% discount if they choose to bring jobs back here. the third thing -- host: those are two big issues and we are going to let our guests respond to those. guest: i'm happy to take a look at some of that legislation. i do want to let you know that i grew up in pennsylvania right near the steel belt there and worked in many years for the steel industry. we are strong supporters. we do not just need to open markets and have no agreements. we need to enforce the rules that we have here in the united states. we need to make sure that everybody is playing fairly and we need to enforce this trade agreements. they cannot be just words on a piece of paper and we are working on issues in korea, in fact. we would not have gotten as far in korea without that agreement and we into make sure that those rules are really enforced. steel is an interesting issue. we don't have tariffs on steel the united states. these trade agreements do not have that type of affect. some of the policies

. >> what role can the sdf play in matters overseas?> it's been 20 years since the self-defense forces started peacekeeping operations overseas. it's been highly appreciated abroad. there are five principles for the sdf to conduct peacekeeping operations. it's allowed when a recipient country agrees to it and in non-combat zones. there are also restrictions on the use of weapons, and the sdf is required to be neutral. the military of china and south korea conduct their activities in wider areas. sdf members are only allowed to use weapons to defend themselves and to have others in their control. but the sdf's peacekeeping operations are conducted within a stable framework in the first place. it's not possible for sdf members to use force or get involved in an armed conflict. so if we ease the restrictions on the use of weapons, that will increase areas in which the sdf can work. such as supplying food and transportation. i believe this can build capacity for the sdf and allow it to work in civilian assistance. >> has the information gat

country, serving in the military, the iowa national guard, for more than 20 years, and has deployed overseas. she is focused on growing an economy and expanding the middle class. >> thank you.

central command, the command that overseas u.s. military operations all across the middle east, including the war against isis. the hackers claimed to be working on behalf of that terror organization, and we have more now from national security correspondent david martin at the pentagon. >> reporter: the hack lasted about half an hour and no secrets were spilled. but it left the u.s. central command with egg on its face. its social media accounts briefly turned into propaganda platforms for the enemy.

ted the boston marathon bombing as you recall one of the brothers was in contact with individuals overseas and had a very sort of robust youtube channel with radical islamic videos. but i would point out that it was not a failure to collect phone records or internet traffic in that particular case. it was a culture failure. to the fbi failed to share this information about the tsarnaev brother with the boston cops because they didn't feel they had the need to know. so collection would not have