us go to sydney where paul allen joins us. -- let's go toh sydney where paul allen joins us.let's start with qantas. >> they won't be offering a large. suitcase of cash it expects it to stand on its own feet. but he can smooth the road a little. it will be meeting today to see what can be done, perhaps guaranteeing qantas's debt. own 39% ofn only qantas. by air new0% owned zealand. qantas is also struggling, as many airlines do, with rising fuel costs. to $300ld make up million. &p downgraded it to junk status. >> but not music to the ears of sir richard branson who has been very vocal about criticizing any foreign ownership that would help qantas. but talk about what they are bhp.ing the hp -- offering roundabout august 2012. bhp said that it would not pursue investment in this olympic dam expansion. uranium has been falling steadily. it would become the largest uranium mine in the world. the government is rather eager to see this go ahead. prime minister tony abbott says he wants the government to do everything humanly possible to ensure this iconic project receipts. ert --

andans, paul allen, the new ownership group of the sacramento kings. >> i think of it as a social networkwill turnoping it around a moribund franchise. people. are truly smart andeople like paul jacobs chris kelly. have the mostt wins, but we have the most patents. chris mullin is his personal advisor. >> you have to have a lot of money to buy them. a lot of these guys are successful. they have money and they have passion. >> the kings pose a tough business problem. last season's attendance was the lowest in the league. one of the biggest tech titans of all tried to swoop in and buy the kings and move the team to seattle. >> i came to california with no money. softwareake analytic to help companies like delta airlines understand their data. a mission, you want to build a winning franchise and make the world a better place. just what i do for my software business, integrity, hard work, openness. >> that'll do it for this edition of sportfolio. thank you for watching. sportse video and business coverage, visit our website, bloomberg.com. great to be with you. see you next time on sportfolio

paul allen, bloomberg.'t get over the that blue car just looks like a blue smarty. >> it was the cow at the con yes -- end. >> coming up on the pulse, dining. >> we review london's best new restaurants next. where to make your first dinner reservation for 2014. that is coming up right here on "the pulse." ♪ \ >> we have just covered the year in airlines. -- we lovehe year this segment. >> bloomberg food critics join us now to talk london's top gastronomic trends of 2013. what we can expect for 2014. goodyear, bad year? the british economy is coming back. has it been a good year for london's restaurants? >> very good year. they keep going in the right direction. it has been a fantastic year, lots of new openings. >> is it stuff coming over from the states? is it the revival of british? >> it is mainly still casual dining. everybody is opening brasseries. i think the trend will the american restaurants in the coming year. we have balthazar that came out a year ago. before that, wolfgang puck. i think there wi

paul allen, bloomberg. get more on the rest of the day's top stories and watch us live wherever you are on the bloomberg cap. download it from the app store. onore we go, just a bit more film. a spoof newscast from ron burgundy has failed to topple the north american box office. hobbit" took 31.5 billion dollars, keeping it on top for a second straight weekend. coming up in the next hour, the deal is done and we have got more on apple's tie up with the world's against mobile phone operator, china mobile. this is "on the move." more in a moment. ♪ >> hello, everybody. i am rishaad salamat. you are watching "on the move." gains in hong kong for china mobile. it will soon sell apple devices for the first time. stocks heading for their longest losing streak in shanghai since 1991. the fruit of the vine, where wine prices are headed and what to sit over christmas. positivity across the asia- pacific at the moment when it comes to the equity session. negativity about shanghai. it is now 10 days of declines. >> th

paul allen of microsoft, and penny pritzker who is a democratic fund-raising rain maker and billionaireher own right. and there are big concerns about the crop insurance program. they say that is wasteful as well. you have tea party and fiscal conservatives who say it is too liberal, as well as liberals who say the cuts are so dire. >> mike, if this bill doesn't get done people with food stamps it seems are going to get hit hard and get hit hard right before the holidays. >> and it is lower-income americans who will bare the brunt of this. both of the versions cut the food stamp program. the senate does it much more lightly, the house much more substantially. they cannot agree -- and so what happens? you have -- you have people on both sides on the left and on the right who can'ting a -- can't agree. there is a watchdog groups who are very critical. let's listen to this. >> there are ore ways that the government ends up elevating the price of crops through price supports. there are price supports in the farm bill where the government is guaranteeing a certain price for each crop, so if

he is an australian, paul allen, the head of the new york post is an australian robert thompson the head and ceo of news corp, the slimmed down newspaper branch of the family's holdings, who was before that the top editor "the wall street journal." he is australian, and you have some brits in as well and it's an interesting mix. i sort of talk about this under the -- makeship, an australian notion of fraternity that transcends anything at college. where you look out for your mate. if your fight is in a brawl, you help. built on things like experiences during world war ii and prison camps where australian guys risked their own lives to save one another. and. also defined on his inside the circle and who is outside the circle and you can see that in britain, murdoch turn failing newspapers, the news of the world and the sun, into very successful brawling combative, center right publications and they called him the dirty digger and a way of diminishing him as being an australian, a tabloid scandal monger, even though there were other tabloids there. and he thought these guys are locking me

company and also ended a partnership with goldman sacks whochl he hired to evaluate options >> paul allen sold a private island for $8 accessible by plane or boat. >> u.s. stocks today, bloomberg silicon valley index also ended the day higher. and pop singer justin beeber gave fans a scare after he said he was retiring the star announced this move christmas eve and told fans i'm never leaving you, thank goodness. >> thank you >> relief. i was worried for a couple days there. one mistake led to deals for delta airlines flyers. delta offering round trip tickets for $20 around 6:00 in the morning. abc news found a $40 fare spencer going oh, why didn't i see that one? flights offered for $five. the airline said it will honor the fairs. >> that would have been nice. yes. >> would have been nice. >> still nice. >> good to see her. >> it's beautiful. but... >> but... >> it's remarkable. when you see stats on see sunny skies and dry across the bay area and mild. along embarcadero it's 63 degrees. upper 60s in redwood city. 71 now in half moon bay. another live view from mount tam, mid-60s in sant

let's get to paul allen. what might be the expectations going into the update today?od morning. expectations were very ground. -- grim. they deliver on the bad news. 47 deficit is expected to be billion dollars. nearly $17 billion more than projected the pre-election forecast that came out in august. it really is a very big blow. it will not get better. one has already walked away from his election up klatch. he is predicting $23 billion in deficit over the next four years. more deficits mean more government debt and is expected to be 300 $10 billion by june 2014. to give you perspective. -- it iser would be all it down. be government expected to 606 and $7 billion by 2023. .- 667 billion by 2023 unemployment will have a six in the front. they expected to reach 6.25%. >> international perspective on those numbers. he is being explicit about the scale of the problems. what does he plan to do? >> in a word cuts. the fact that the 20 government thencies, the one who won election is signaling more cuts on the way. a getting rid of the carbon tax. the chief of energy and t

billionaire tech investor paul allen finally sold his 300-acre private island. according to a listing on redfin. the island was originally listed in 2005 4 $25 million and it fell to their team $.5 million in 2011. $13.5 million in 2011. only a privatee plane or by private boat. from a big name in tech investing to a big name in fast advertisingld's is may be that you should skip some of the many items they have. alec still has a little more on taking down an employee resource website. a bit of a pr snafu. >> to be fair, mcdonald's does not actually have control over the content. they outsourced it to a vendor. some of the machinations is what caught internet and media eyes, because it seems pretty tacky, if i might say, recommending how much to tip for christmas, the commanding you eat small bites -- recommending that you eat small bites of food. it highlights the discrepancy between the print make -- between corporate mcdonald's and its employees. it was the last straw and over the last couple days mcdonald's taking the site down on wednesday, saying it will b

taking the top spot for the world's wealthiest bachelor, microsoft cofounder, paul allen, net worth ofnbelievable. number of one thing tomorrow will be the november jobs report. from the labor department. here on fbn at 8:30 p.m. they expect non-farm payrolls to rise by 180,000. weill be watching. liz: "money" with melissa francis is next. >> the wage war is on. will the fast-food strikes really work? and are the protesters actually employees or are they use union flaks? we're going live on location right now because even when they say it's not, it is always about money. melissa: first tonight the massive fast-food strikes taking place across the country, hundreds of workers walking off the job today. protesters are calling for minimum wage hike up to $15 is everyone out there actual workers who would be making that money? fox news's david lee miller is live at a protest here in

it is pretty much a delaying the mind.ion of the olympic let's bring in paul allen who joins us from talk about where we are at. extension olympic dam has been the falling prices. this is set to be something like 33 billion dollars. it would have become the world's largest uranium mine. it has become mired down. they are marking the first 100 days in office. said he wanted everything to make sure this project goes ahead. they could use a big infrastructure project right now. last week we had the news. they're going to department 2017. it deftly will be some good news. >> there's also some suggestion that the government might step in and assist qantas. that would not be in the form of direct funding. some discussions he cap it might be talking about maybe a day guarantee. qantas is certainly in trouble. it could use some help. stepcularly for competition from virgin which is not there yet. have a veryies all deep pockets and have really been taking the fight to qantas to must agree. marking the first 100 days, the government has certainly gone to the headlines for a couple of friendly

up paul allen takes a look back at the automakers'latest creations. is a car or a tv? the prize for 2013 in the reliably odd category. honorable mention goes to the micromex tiny bus. you will almost certainly never be able to die this car. this is a hydrogen car. >> the difference between a hydrogen fuel-cell vehicle and a conventional vehicle is it generates its own electricity onboard. praised but idea is absent from the roads. as for something you can buy,bu in dubaiveiled his car and three are available for sale at $2.28 million each. >> the middle east is one of our largest markets in the world. it is always a pleasure to be here in dubai. itsrolls royce showed off jewel phantom and crusted with 400 diamonds. affluent population is trading up from motorbikes to cars and picking up parking techniques. manufacturers of bulletproof cars are finding a ready market in pakistan. >> i am feeling very safe. on the subject of safety, ford showcased its collision avoidance technology in belgium in october. the car will take over steering and braking if it does not detect t

paul allen looks at some of the weird and wonderful creations for this deal.or a television? prizeertainly takes the for 2014. honorable mention goes to the car owners who own this. vehicles, you will certainly never be able to buy. he became the latest one to unveil a hydrogen car. the fuel is so big. this idea is still somehow absent from the road. >> is something you can buy. available.you're rolls-royce also chose dubai to show this. emerging markets were out in the action in an increasingly affluent population. while bulletproof cars are seeing this in their city of karachi. >> i am feeling great. on the subject of safety, it showcased its avoidance technology in belgium in october. the car will take over steering and braking if it does not protect the driver. ford expects less resistance. you can get more on that and all the day's top stories. you can watch this live forever you are in the world. this is all you have to do. coming up later, japan wants to boost exports to cars and electronics. this is also a drive for the animation industry. we have a sp

paul allen takes a look at some of the industry's latest creations. >> is it a car or is it a tv?tic car certainly takes the prize for 2013 in the reliably odd concept car technology. honorable mention goes to the car owners who only ever wanted a tiny bus. the latest automaker made a hydrogen car. >> the difference between a hydrogen fuel-cell vehicle and a conventional vehicle is that the hydrogen fuel-cell vehicle generates electricity onboard. , but 13 yearsa into the 21st century, an idea still somehow absent from the roads. bugati unveiled its new creation in dubai. only three are available for sale at $2.28 million each. >> it is the second-largest market in the world. always a pleasure to be here in dubai. >> rolls-royce also chose to buy to show off its phantom. encrusted with 400 diamonds. emerging markets are trading up to cars and picking up some inadvisable packing techniques on the way. while manufacturers of bulletproof cars are finding a market in pakistan's notoriously exciting southern city of karachi. >> my family is also here. >> on the subject of safety, ford

paul. >> reporter: liz, allen, it is certainly chilly. it was the coldest afternoon in the bay area on average since 5 days before valentine's day in early february. mobile weather lab in castro valley it is 46.8. it's already dropped three degrees in the past 20 minutes. when the sun goes down, temperatures drop like a rock. let's establish how warm or not we got today. san jose a high of 52. concord 51. napa 53. livermore only 51. setting the stage for a widespread freeze tonight, most of the bay area is under that freeze warning. the only exception is the city of san francisco. widespread lows in the mid-20s to the low 30s so watch out. protect plants if you can and make sure the pets come inside. these are some of your overnight lows. santa rosa tonight 24. tomorrow morning in livermore 25. concord 27. redwood city 30. so a widespread freeze is coming up. we sent len ramirez to gilroy today to talk about how the farmers are going to deal with this very hard freeze. >>> reporter: paul, it's going to be a very long night for growers her

the highest price ever paid with paul allen's purchase and jimmy hendrix at woodstock.> very good. >> that's sort of like -- >> i'm talking. >> maybe it was the same night. that's where the problem was. >> that's interesting. i didn't know that. >> i'm worried about him. >> ready? treadmill injury? i'm with my trainer. that turns out that's very dangerous. she doesn't do this tigger move. we were on a box and turns out people do that all the time. i thought this was box jumping. it was. >> box jumping? >> broke a leg. just broke one bone. have this for a couple of weeks. >> did you that jumping off a box? you are like that samuel l jackson character in unbreakable. you remember that? >> it's much better than having a sling or a cast. jim always makes fun of how i'm mr. optimism. i said the greatest thing happened. it's just a boot and for weeks not months. if you are going to get hurt, it's the best thing to happen. >> you jump off the box and landed wrong? >> yes. there is this box that you are supposed to leap up on. >> i did that in labor. >> it was better for you. >

but we do diane keaton will accept an award on behalf of her long time friend, woody allen. paulwill be honored. in a movie, he plays a father in the aftermath of hurricane katrina. that's your weekly five. >> . >>> the college football title is all but settled. florida state beat out duke last night. that was expected. but michigan state upset number two ohio state. auburn beat out missouri to win the sec. let's talk about it with terrence moore. he is a sports contributor to cnn.com. and terrence, looks like ohio state blew tp who is going to play florida state in bcs championship? >> team of destiny, otherwise known as auburn tigers and this is the stuff a mother goose. right? let this sink in. auburn won zero conference games last year. in southeastern conference. zero. come back this year, beat georgia on 73-yard touchdown pass tipped up. runes it back for a touchdown in last seconds. then the alabama miracle we all know about. alabama misses a field goal in last second, literally. auburn takes it more than a hundred yard back for a touchdown. they win last night. sec champi

allen, liz and paul? >> yeah. it's a question we have been asking. and we know it's coming, right?ah. got the jet stream coming down. >> ah, the jet stream is down in southern california. this is going to be something that's going to get everybody. it's going to be everybody west of chicago is going to be 10, 15 degrees below normal. tonight upper 20s, low 30s in the north bay. you're under a freeze warning. tomorrow night, it's the entire bay area with the exception of san francisco. we are going to see widespread 25, 26-degree readings. so a lot of people have fruit trees. maybe your dog likes to sleep outside. no. cover or bring the trees inside if they are in a pot and pets absolutely inside for the next couple nights. see you at 6:00. captions by: caption colorado comments@captioncolorado.com >> pelley: tonight, br news on the derailment. we now have the results of brake and alcohol tests. jeff pegues reports. bill whitaker on a system that might have saved lives. a judge o.k.s detroit's epic bankruptcy. dean reynolds reports pensions are in jeopardy. >> i feel angry. >> pelle

allen. >> talk a little bit about the paul walker of his teenage years because, i mean, he said i smoked bowlsof pan handled and i kind of lived the transient life for a long time and didn't know where i was or what i was doing. >> liked couch surfing here and there and driving in the wilderness and 16 years living out of a suitcase. >> when money got tight, he went back to acting on tv on tv's "touched by an angel." >> that's great. >> on the big screen in "pleasantville." >> he played chip martin, all-american basketball jock and squeaky clean and a super funny role in this morality satire. he is kind of the boy corrupted or enlightened by reece witherspoon. he made a big impression in that movie. >> the movie was a hit and finally a decent payday for walker. that same year, some news he wasn't expecting. >> when paul found out that his girlfriend at the time was pregnant i think it rocked him. he went to a christian school and he didn't like the idea of having a child out of wedlock and it scared him and he also knew that he was a wild guy. he said, i was sleeping with her friends at the ti

allen. >> talk a little bit about the paul walker of his teenage years because, i mean, he said i smoked bowlsandled and i kind of lived the transient life for a long time and didn't know where i was or what i was doing. >> liked couch surfing here and there and driving in the wilderness and 16 years living out of a suitcase. >> when money got tight, he went back to acting on tv on tv's "touched by an angel." >> that's great. >> on the big screen in "pleasantville." >> he played chip martin, all-american basketball jock and squeaky clean and a super funny role in this morality satire. he is kind of the boy corrupted or enlightened by reece witherspoon. he made a big impression in that movie. >> the movie was a hit and finally a decent payday for walker. that same year, some news he wasn't expecting. >> when paul found out that his girlfriend at the time was pregnant i think it rocked him. he went to a christian school and he didn't like the idea of having a child out of wedlock and it scared him and he also knew that he was a wild guy. he said, i was sleeping with her friends at the time and i

allen, back to you. >> all right. paulanks. >>> an update on that breaking news we've been following since the beginning of this news cast. there have been reports of a shooting at bayfair center in san leandro. andria borba just got to the scene. what can you tell us, andria? >> we can tell you this call came into san leandro about 4:28 this afternoon. we are right next to the old navy and wells fargo atm. we're hearing reports of one person shot and injured at this point, and they are still looking for a shooter. if you could take a look right there on the ground, there are evidence markers all over this parking lot. a good chunk of parking lot has been taped off at this point while they try to figure out exactly what happened here, but at this point we can tell you the mall has not been evacuated. there is no shelter in place. in fact, the old navy right where the shooting took place is still open at this point so you can see hayesly-abandoned cars out there right on the sidewalk. san leandro police still investigating.

i think a lot depends on how president obama does on the republican side, mike allen said paul ryan wills an means, therefore that seems to suggest he wasn't interested in the presidential race. no one near him is talking about the presidential race. i think he is interested. i think he is wise enough to talk about it and focusing on his job. he spent 12 hours a day for the last four months in a room working out the budget deal i think paul ryan thinks if he does a good job, ideas, a practical way in congress for the next year, there will be ted cruz there the champion of the conservative grass roots, chris christie the favorite of the "morning joe" crowd and a few other people as well. there is room for someone in between who is a strong conservative who has shown an ability to deal with the key national issues. >> who? >> paul ryan, i think. or it could be after go, scott walker. mike pence. too many people are sayi christe and cruz. >> do those numbers surprised you? >> everyone is how do we play in iowa? >> probably just fine. >>. >> a general election, i think it's going to become a

allen touring was best known for developing a code breaking device that deciphered messages encoded by german machines. his work is considered by many to have sayed thousands of lives. paulhat cracked enigma, the coding machine at the haeart of the nai war effort. touring who had designed a computer on paper as early as 1936 built and programmed a vast calculator. its achievement was measured in lives. >> it's been said that 11 million people a year were dying during the second world war, so the work that was done there shortened the war by two years so that's 22 million lives that were saved. >> reporter: after the war he worked on the first computers while engineers were still struggling to make the len tronices work, he began developing art tishl electronics. but he was gay and though a gay life existed underground in the '50s, it was illegal. convicted of gross indecency, he avoided prison by agreeing to so-called chemical cass stration. he committed suicide in 1954 eating a cyanide poisoned apple. >> it was a crime for him and 50,000 other gay and bisexual men, but sadly they are not getting a pardon, he is. the law should not be selective. >> reporter: touring was

he then allegedly went to see the woody allen movie "blue jazzman" at a nearby theater. >>> paul signsncia is makin first court appance on monday. he was deemed a flight risk. the judge ordering him to remain behind bars and he faces a possible death sentence if convicted. >>> "fast and furious" star paul walker may have survived the initial kracrash this past week. a full report from the coroner is expected in the coming weeks along with toxicology results that could determine if the car's driver had any drugs or any alcohol in his system. meanwhile an official tribute video was relieved "the fast and furious" youtube channel. production on the seventh installment is now on hold. >>> stolen truck carrying radioactive material has been recovered in mexico. the radioactive element is used for medical purposes but experts worry it could also be used to make a dirty bomb. authorities say it is likely that all of the material has been recovered, likely, they say. the suspected thieves still on the loose and authorities are on the lookout for suspects possibly suffering from symptoms of rad

allen. just happens to be the best three point shooter in the history of the game. paulss the jumper. thought he was fouled. heat beat the pacers 97-94. they are a game behind indiana for the top seed in the east. countdown to the super bowl at 44 days. as kickoff getting closer, the new jersey snow contingency plan is coming to light. super bowl organizers say they will double the amount of workers available at met life stadium to help keep any snowy weather from interfering with the first cold outdoor weather super bowl in history. >> odds are it won't snow. it snows that the stadium maybe like two or three times a month. >> you're making that claim now that at the end of january you might not get a snowy day? >> i'm betting it won't snow. it's on record. everybody is making a big deal about nothing. >> a website set it up where they're basically tracking where whether it the going to snow on super bowl sunday. >>> let's go college football. texas longhorns may not the have a coach, but they do have a lot of value. forbes is reporting the football program is worth $149

paul walker and his racing partner until the moment they slammed into a light pole and the car burst into flames. allen duke was on the scene early for us and snapped these photos of the tire marks. you see these marks? police have been investigating whether drag racing was a cause. and allen duke has an update on that. but walker was known as brian o'connor, a cop turned street racer in the "fast & furious" movies which have spawned six sequels since the original film in 2001. and these movies were noun for their intense street racing action scenes. allen duke has been out ahead of this story from the beginning. he joins me from los angeles. you were one of the first people on the scene. i know this actor has been on your beat. no surprise. you have been getting all this latest information. you have breaking news about this investigation. what can you tell us? >> it all goes back to the phone call that the los angeles county sheriff's department received saturday night after the fiery crash. they got a call, a tipster saying that there had been drag racing, a second car involved. when i started my mor

allen is always reliable from out there. heat up three. lebron james, 7 assists, 24 points and 9 rebounds to go with him. paul 20 points, 8 assists. dwyane wade led heim with 32. the heat win it at home, 97-94. >>> the best record in basketball belongs to portland. home of kevin love. he plays for minnesota. and kevin love can pass that basketball. ricki rubio. stan love, kevin's dad, happy for what he did. >> when you learn from a guy name stan, what are you going to get? >> damian lillard did not have a good first half. minnesota led by 32 at one point. they ended up winning by 11. love and j.j. barea. he was a dish shy of his first-ever triple-double. >> going to be a bid for kevin love's services when he becomes a free agent in 2015. >> look at that. he just knew that. >> a wealth of knowledge, those two. >> thanks. >>> coming up next, it's "the pulse." a "duck dynasty" cast member suspended. but will it end the most popular cable show of all-times. >>> barbara walters' final most fascinating people of the year list. with a surprise number one pick. ♪ [ female announcer ] just about anywhere you use sugar

paul in the face. >> look at that. >> he sure did. >> wow. now you can buy the sneaker that brought the pain and got allen suspended.. alan -- allen says the money will go to charity. i'm not sure if his brother will be buying it. >> do you get the pair or the one shoe? >> just the one shoe with the blood on it. by the way, george washington's secret six as of last night we found out is number three again on the "new york times" list. charles krauthammer is number one. bill o'reilly is number two. going to be in mclean virginia saturday at 1:00 and then out at mount vernon. >> coming up on this thursday, an historic move by a judge. she orders the president of the united states he misdisclose documents he wanted hidden from the public. judge napolitano up next. and ah, so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that