i am stephanie ruhle. you can forget smoking. is all the-- vaping rage.igarettes is estimated to be a $10 million business, but they're unsure how to regulate it. our guess is with us from grand rapids, michigan. growing into ae big business. what happens if you end up getting regulated the same way traditional tabak of products are us to mark -- traditional tobacco products are? it is fair tohink be regulated or taxed in the same way that cigarettes are because these products only have four ingredients, a m tobacco products that have more than 4000. it is not proven that any of the ingredients in an electronic cigarettes are cancer-causing like those in regular cigarettes. we don't support being treated like regular cigarettes. >> that is what you believe. you run an e-cigarettes business. what would happen to you if you did get that regulation? from my perspective, it will have some impact on the category. the fundamental truth will not change. this is a healthier and clean air alternative -- cleaner alternative to tobacco. the evidence shows that 99% o

i am a very lucky stephanie ruhle. a christmas tree has been delivered right next to me. >> the grinch. i am the grinch. i am filling in for erik schatzker today. he is off today. you know why? we are breaking economic news. november existing home sales are officially out. our economics editor, michael mckee, it is at his desk cranking away with the headlines. >> that news and we do not know why. right now we see existing home sales fell on the month by 4.3%. -- the worst performance of the year. a lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up -- mortgage rates up. two or three months ago when rates were higher, we have also had some bad rather -- bad weather. the final reason is that this is not the prime selling season. people drop off as you go into the winter and get closer to the holidays. people are buying less homes than they do in the summer. it is not good news for single- which are condo's, down. inventories not particularly good news, either, at t

stephanie ruhle is watching though, tweeting to us. wait ir hands onet the this sweatshirt. is a comedy called a marriage i had, and he ceo bayard winthrop joins us now. good morning. you starting off your career in investment banking, you didn't -- you then worked in manufacturing, and then use the -- then he wanted to make the world's greatest hoodie. retail dirty secret, the vast majority of what you're paying for is unrelated to the manufacturing process. i felt there was a real opportunity to eliminate those and build a great run it and keep the price reasonable for great american may gloats -- for great american made clothes. great prideu take in the craftsmanship of this product, but what gets american giant -- what sets american giant away from american apparel? industry andpparel a lot of other businesses, when you get into the business of rolling out lots of retail stores or layering and resellers between you and the customer, you are adding layers of cost. any business that is deciding to support hundreds of retail stores ac

i'm scarlet fu here with michael mckee and stephanie ruhle. on this christmas eve, michael mckee has a tie with the grinch and stephanie has a ribbon -- >> my son gave this to me. red.tty liu is wearing >> kirkpatrick, green and red. festive have on this "in the loop" today -- >> i just noticed, tom keene is with us today. [laughter] >> not a bow tie -- >> i mean the grinch. only today can might get away with this. >> we are going to be all over the holiday sales, shopping season. michaud, he has literally gone every weekend to hundreds of stores to talk to customers. going up to them and asking what they are buying. he will have insights of what he heard. he said one of them -- one of the things he was surprised that, people were literally grabbing television sets at walmart and gifting them out because they were less than $100 each. 32 inch screens. have all the details. >> amazing what a discount will do. betty liu "in the loop" starting at 8:00 a.m.. >> now time to look at very special photos making news. they will be christmas themed. i wi

i am stephanie ruhle. after a week and a half, you may not be excited about it. -- allquote mariah carey i want for christmas is new -- >> got a change the topic very quickly. -- got to change the topic very quickly. we have an unbelievable lineup. >> we are already getting calls saying that joe baratta is on, i want to cancel meetings. then we will be speaking with alan mullally. i will share the interview i had yesterday afternoon. herbalife.ing >> let's not forget about bill gross. >> who can forget the bond king? for now, let's get to the newsfeed. it is the top business story from around the world. the u.s. economy grew faster in the thor quarter than first figures showed. up from the initial estimate of 2.8%. the biggest increase in inventory since 1998 is the reason. two low-fare carriers will benefit from the merger that is creating the new american airlines. southwest air and virgin america will gain flight slots at laguardia airport. settlement of a the justice department suit blocking their merg

my coanchor, stephanie ruhle. i am a terrible gift shopper. igital queen at harper's bazaar, gift guru. >> lovely to meet you. >> i need to buy a gift for stephanie. >> she must be a tough woman to shop for. shot glasses. a private island you could send her to. it has a spa. >> ultimate luxury and stephanie ruhle go in the same sentence. price tag? >> steep. >> not this year. >> tell me about stephanie's style. >> elegant. >> this is a pair of shoes. >> do they fit my budget? >> i have some other ideas. >> wow. >> stephanie seems like the kind of woman who would like fur. this is one of my favorite gifts for anybody in your life. yoga, pilates. >> i like it, this might be the one. no fur, no leopardskin. better to buy for the sporty stephanie. >> schatzky-poo. print.and leopard >> if only i could find a leopard rent yoga mat. >> i love it. >> they do not make it in leopardskin, yet. >> everybody wants to get fit. i have my own blog for shape. god, wow. >> i gave you a great lift, he -- a great gift. less sporty. classght need a hot yoga to work

stephanie ruhle will brief us. house passed the first bipartisan budget in four years, clearing the way for final senate passage next week. today in the u.s., at eight: 30 a.m. -- at eight: 30 a.m.. if you don't know about this, tom, you better find out who did 20 and 30-year-olds dress up as santa and his naughty little elves and get the party on. estimated 30,000 people participated in it. if you are in new york tomorrow, especially in the upper east side come you'll see people in santa suits lining the streets falling down. -- >> santa's little helpers? they will make it work in mini skirts and boots. in 10 each snow and five inch heels. in 10 inch snow and five inch heels. firm may scale back its relationship with wall street banks as it becomes a family office following its insider trading settlement. microsoft is shortlisting qualcomm's number two for the top spot. this is according to people familiar with the matter. he joins microsoft executives along with several external candidates like elma lally al mull

with stephanie ruhle. ♪ >> amc makes its trading debut this morning.bouteater chain raised $330 million in its ipo. stephanie is down with the amc president on the floor of the new york stock exchange. take it away. >> big night at the movies, big day at the movies, erik schatzker. i am here with ceo, jerry lopez. >> thank you, stephanie. >> we have seen a bunch of ceos price at the top of their range. you took the lowlands of the range. why? betterhought it would be to allow the stock to come up based on demand. we are happy. at $18 -- it is trading above $19 at the moment. giving investors pretty quick return. we thought it would work out that way. it is better when it works out the way that you thought. >> what will you do with all the money? >> we will retire some debt. we will continue to invest in the business. --have been in a pretty and extensive capital investment plan for the last couple of years. invest inntinue to the customer experience in every one of our buildings. >> is that going to raise ticket prices? >> it depends a lot on where you

headquarters, this is "market makers" with erik schatzker and stephanie ruhle. >> a deadly terror attack in russiae with the -- in with the winter olympics is weeks away. >> we sent out exclusively with gary gensler just days before he retires. >> washington is buzzing as congress works its way toward a tax on internet sales. we will dive into the details. >> good morning. it is monday here in new york city. you are watching "market maker " ." i am erik. >> i am scarlet fu. stephanie is out. on to the top news stories from around the world. the ceo of crocs is stepping down without a replacement names. this comes as blackstone takes a $200 million stake in the shoemaker. sales have slumped in recent years. in france, a get more expensive to -- it just got more expensive to have a big paycheck. a tax of 75% above one million euros. he made it the sister pays at this campaign in 2012. they are selling off their snack will brands. buying a stake in the low-fat cookie. snackwell withne the granola business. go before theo sochi olympics. terrorism is already casting a dark shadow. russia is

i am stephanie ruhle. you the top stories from around the world. major indices are down from session highs, but still up close to one percent on the day. what is behind this? factory output down by the most any year and the fed began a two-day policy meeting. chances say there is a that the fed may start reducing stimulus -- that's right i'm talking taper. company of agoor has agreed to buy lsi. shares of lsi were 39% after the ment of the deal. for the first time in its 325 year history lloyd's of london has a female ceo -- that's right . she was most recently the ceo at an insurer. lloyd's of london is members ensure risk. stephanie, a -- big week for the federal reserve. whenernanke may step aside janet yellen is confirmed. it may not just be bernanke's last meeting, but the most challenging one in years. michael mckee is here. mike, what is on ben bernanke's mind as he thinks about this -- teees, what time is my time? the problem at the fed is, yes, we have seen things get better, but then they go back

with me, scarlet fu and stephanie ruhle.ve a data check. >> emerging-market stocks are rising. the big question comes down to what the fed will do next with regard to tapering. the yen has weekend. the jobs report is coming up sooner rather than later. we will be speaking later today and dissecting comments. >> it went back and forth over the weekend. it nudges away from what we saw on friday. the japanese data this morning was disappointing. also disappointing, matthew miller's search. wall street gave credibility to bitcoin. just one example. the currency surged and then tanked. matthew miller is focused on this. in search of bitcoin. can you actually get one? >> i have not gotten one yet. i have arranged a meeting. >> it sounds like age of deal. >> they kind of was. they were like, i am out, but i am getting some later this week it it is not a physical claim. -- coin. it is the digital currency. i'm going to do 12 days of bitcoin. i like to live off of the grid, anonymously. >> this is a virtual currency. you had to call

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. done deal. willcan and u.s. airways form the largest airline today. will customers end up paying more for fewer choices? we will speak to the ceo of the merged company. and the year ahead. the largest asset manager will make some big bets on 2014. we will hear exclusively from the president of blackrock. striking back. herbalife opens a new front in the war with the lachman. they are telling us that the hedge fund investors should pull their money out. itcome to "market makers." is december 9. it may appear that i am all alone, but i want to talk about elf on the shelf placement. erik schatzker is joining me. he is at blackrock headquarters. good morning. >> i am just a few blocks away at blackrock world headquarters. this is the world largest asset manager. they have $4.1 trillion. it pays to listen. i am here with the investment outlook. i'm going to be sitting down with the president. he is one of the cofounders of the firm. also, three of their other big stars -- we will talk abo

i'm stephanie ruhle. chief investment officer with the california state teachers retirement system. it has $175 billion under management. earlier this morning, we got the job number and it has me thinking about information we get from the fed and how important it is. it was back in may at a public press conference ben bernanke laid out a roadmap, and basically said we get to seven percent unemployment, we will be done tapering. here we are at seven percent and we have not even begun. as an investor, have you given up on information you get from the fed and you simply do not believe it anymore? >> no, stephanie, i still believe in the fed. but then is retiring and now we have to listen to janet yellen. as i told you in the studio, i think they need to start tapering, at least, and this number helps confirm that. the market is very worried about it. downuld be nice to drop it just to $75 billion or $70 billion. just at least to start the process. >> chris, just because you tapering has to happen, and becaus

. >> i'm stephanie ruhle. rebecca black, because it is friday. >> the top business stories from around the world. qualcomm has a new ceo. the world's biggest maker of chips for mobile phones announced the change this morning just hours earlier. the microsoft board had been ollenkopf for its ceo job. sales of the 500 seat monster airbus a 380 have been slowing, but in an interview, the ceo says rising traffic should boost demand. deny that traffic will grow five percent year on year thanks to asia, china, middle east, so it will double every 15 years. imagine two times more traffic from heathrow. . a record snowstorm in the middle east. it was snowing in cairo for the first time in more than a century. neard three feet jerusalem, bringing traffic to a standstill. >> i want to talk about your hair for the next two hours because it is so kooky. in --s at the fee suite see suite at qualcomm. this morning, steve mollenkopf gets promoted to ceo. two people who know. west johnson is a bloomberg editor at large. morni

i am stephanie ruhle. beenovies have ever marketed as much as "anchorman 2."ie had a disappointing opening this weekend. it grossed $27 million. that was only good for second place behind the new hobbit film. we're going to bring in paul sweeney. are you surprised by the performance this weekend? i remove are seeing the first "anchorman" and thinking eh. onthey were counting word-of-mouth to drive traffic. the 27, 20 $8 million for the weekend, they were looking for more like $40 million to $45 million. it was not for lack of trying. will ferrell was everywhere promoting the movie. the fact is, it is a very competitive time of year. this is the most competitive release window we have seen for christmas. they have the number to get to make it a success? when i think about will ferrell door,o -- went door to but it's not like the studio was spending a ton of money. he was going on every random show, he was at a curling competition at an ice cream parlor. >> a goes back to the issue if you want to promote a movie, buy ads on thursday night to promote your movie.

i am stephanie ruhle. it is christmas eve. i would like to say that the breaking news is that it is my birthday. the real breaking news is the november home sales report. michael mckee is in the newsroom with the headline. what is the real deal here? >> it would be a lot easier to talk about your birthday. >> i agree. >> we beat expectations and still declined 2.1%. the prior month was revised higher. sales are up to 464,000. 10,000crease makes for a decrease on a month-to-month basis. you want to look at the annual sales rate. 464,000 is still better than we have seen for quite some time. the overall numbers improving and we are seeing a decline in the number of homes out there for sale. we are starting to see inventories get tight and that should incentivize builders to build home next year and that is good for jobs. even though we are down by 2.1% it is good news. the richmond fed manufacturing index comes in a 13%. we are still seeing a pickup for manufacturing. the economy does seem to be picking up momentum. everybody ou

stephanie ruhle joins us now. tell us about the pricing and what makes this a big story.illion dollars, it is the largest rutile -- hotel deal we have ever seen. the -- this iss the biggest deal they have done. the deal was 10 times oversubscribed. it is a blowout. they ended up pricing it at $20. cory, this should be interesting to you. after we look at where twitter price, they raised the price and squeeze more out of it, we saw the same tng out of facebook. blackstone, hilton leads the money on the table because they are massively invested. >> they want move in the stock so they can get out of that later. they are in this because they've -- they want financial return. they can come back with a secondary or whatever to get out of the addition. >> laxton is thinking a point -- blackstone is banking a $.5 -- $8.5 billion in gain. you took asaying bath with this and they have written it out and what a home run. in the next 18 months, we could see them start to sell off these assets. to be owningant and operating hotels. that is not their business. >> why did they raise the

. >> herbalife is one name that he would talk about during this exclusive interview with stephanie ruhleinvestors have taken the opposite sides of the company. bill ackman calls it a ponzi scheme. carl icahn has defended it. count kyle bass among their believers. >> when a particular short seller released a report, it had a kind of abnormally large negative effect. i think that this business is one that is fascinating. it generates significant cash flows with no debts. it is growing. when you have this large cohort of the unemployed, that may be unemployable forever -- there is this new normal in a natural unemployment rate. when you look at these countries with 50% or 60% youth unemployment, there is an interesting percentage of young people who are in these businesses. that may be where this growth is coming from. from a timing perspective, this all played into something that fits into a macro ideology as well. it is interesting. i think that we are catalyst driven investors. in this case, the catalyst is coming in the next 60 days. i think they will have their three-year audit redone.

i'm stephanie ruhle. >> and i'm erik schatzker.ork city we will talk about the top business stories in the world. one of the world's biggest drug makers has made a big change in the way it promotes its products. noxosmithkline says it is longer going to pay doctors to push drugs. start paying its sales force on the basis of how many prescriptions it will right. except called both practices conflicts of interest. in new york today, the insider trading case of michael steinberg. he is accused of using illegal tips to earn one point formally and dollars in profits in steve: 's hedge in steve cohen fund. a california judge ordered sherman williams, conagra it industries to pay $1.1 billion to contain lead paint in homes. several counties have filed a public nuisance suit. the company plans to seek a new trial. >> and happening now at the white house, some of the nation's most important technology executives are meeting with president obama. we are talking about apple's tim mayer, and many, many more. oh, to be a fly on that wall. julia

bloomberg stephanie ruhle sat down with al kelly, head of the new york and new jersey host committeediscuss the business impact of unpretty bull elements. >> -- of unpredictable elements. >> what is the contingency plan if we get a snowstorm? if we play outside in the state that is this cold? >> i was certainly not predicting that we would do anything but be prepared. there are so many great things about this area and one of them is that we know how to clear snow. i spent time this afternoon with folks of that department of transportation in new jersey. we can bring thousands of allows here to move the snow. it would really take a very bad storm at exactly the wrong time to be an issue. i think there are two very wrong times during the course of the week. one is what affects economics of the week which as we get a bad storm on thursday and friday and it prevents people from getting into the airports because they are close to slow down. -- because they're closed or slowed down. obviously the other bad thing is to get a bad snowstorm at the wrong time that prevents the kick off at six:

like "anchorman i am stephanie ruhle. >> i am erik schatzker down the and why -- the new york stock ofhange, speaking to the ceo hilton hotels, once again public, and aramark, all coming up. into a "markett -- the alwaysive outspoken democratic senator, elizabeth warren of massachusetts. she sits on the banking committee and is a critic of the big banks. thank you for joining us. you were pushing for a strict volker rule. did the final version go far enough? so many bankers seem to be breathing a sigh of relief. ani think the volker rule is important step in the right direction and i am really delighted to see they have gotten something out, and a big part of this will be what happens in terms of reinforcement, and also what happens in terms of litigation over the next year. how strong will the volker rule be when it emerges on the other side? that means we have to be vigilant as we go forward with it. >> in terms of enforcement and leadership, do you believe you and others in washington, d.c., to do a better job running the banks right now and the current ceos in terms of capital allocatio

i am a very lucky stephanie ruhle. right next to me. >> the grinch. i am the grinch.

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle>> mess up. brown let them down. >> seasons greetings. electronic cards are booming. with hereet a ceo stance on a paperless future. >> which is studios are making a push for oscar action. ." i am to "market makers scarlet fu. >> i am alix steel. are offe and erik today, no doubt eating the christmas food. >> we have cookies. >> we will have that during the break. american express is paying $70 million to settle claims it used deceptive marketing track this is -- practices. it will go to 300,000 customers who bought things like credit monitoring. --ular to say that the regulators say that the add-ons had hidden costs. first-class stamp will cost you $.49 starting january 26, so stock up. the increase is to save $1.8 billion a year off of the post losses. massive edward snowden says that government surveillance is worse than anything envisioned in george orwell's novel "1984." snowden is living in russia on temporary asylum. the message aired on london's channel four. the gift that keep

stephanie ruhle has been all over this story for us since the beginning. this is a big payout.r theg regulators. $1.9 billion. this is all associated with residential mortgage, litigation and fam day. they get to start 2014 fresh. such a meat diamond pain $13 million. he wanted to do the same thing. get this behind them so they can figure out the rules of the game. >> will was the alleged offense? >> between 2005 and 2007 they were selling residential mortgages that they did not disclose -- disclose all the information. just about what we were suited under ludwig securities. >> they're trying to cover them up in the >> not necessarily cover them up but they do not share all the necessary information. there are 17 different financial institutions they have gone after. onto jane and his co-ceo, today's agreement marks another step in the intent to make -- let's talk about what this means . if you are a deutsche employee this is a positive. at the same time they are saying we're going to spend $1 billion plus in the next few years and improving our controls. if you are a deviant e

stephanie ruhle spoke with kyle bass. why hewe get to gm and is going long on the carmaker, talk about herbalife and his battle against bill ackman. >> it is not necessarily a battle against bill ackerman. kyle bass has done a lot of work. he associates the fact that there is such high youth unemployment, may be that is why there is multilevel marketing. he is long herbalife and feels good about it. >> we are catalyst-driven investors, and in this case the catalyst is coming in the next 60 days were they will have a three-year audit done. there were not allegations of an improper audit. .ou have a re-audit being done they will be able to access the capital markets, borrow one billion, $2 billion. finances innot see the next month or two months, would that change your tune? >> it will. they have said on conference calls that it will be done by year-end. not,nuary 2, if they do will happen to your investment? >> it depends how i am positioned going into january 2. >> we started talking about herbalife one bill ackman called

. >> i am sending this homeless stephanie ruhle, it is her birthday today. this little bush.y like a wolf. martin scorsese's film starring leonardo dicaprio hits theaters. will a corner the market? also, a christmas classic worth celebrating. dan aykroyd explains "trading places here on "street smart jerk off >> time to bring you the business behind media, entertainment, and pop-culture. kind of crowded under the christmas tree. studios have lined up -- five new releases for december 20 five. featuring bankers, warriors, even justin bieber. let's start with this naughty and nice with editor of boxofficeguru.com. five films coming out on christmas. >> it is vital. the audience is out of work and school, more leisure time. the spending potential is higher. for studios trying to break records and get market share, this is the final week for them to go in and really blow over some records if they can. street" seemsll to get attention. is it deserved? it is the most high profile film opening on christmas day. you have five films. if you add "mandela," six. add in four from last we

first, the capital managing partner sits down with stephanie ruhle at the investment summit for an exclusiven the agenda. argentina, japan, gold, and general motors. matt millerotto, will be joined for a live interview at the unveiling of the new ford mustang. matt will also talk about his future with ford and reports that he may be on the short list of candidates to take over as the ceo of microsoft. joseph a bank reports earnings at 6:00 a.m. new york time. what is happening in washington on thursday? >> let's start with tomorrow possibly cleat jobless claims report. the labor department will release a new tally. bloomberg expects that number to be 322,000 up from -- and the prior week. also at 8:30, treasury secretary jack lew will deliver remarks about the next steps on financial reform at an event here in washington and on capitol hill, house lawmakers are set to look into patent controls. the bill is expected to pass. on the eighth day of hanukkah, president obama will host not the one but two receptions at the white house. that does it for looking ahead. >> thank you. it is time now f

. >> pimco's bill gross on with myg today colleagues erik schatzker and stephanie ruhle said that all -- all assets have been artificially mispriced. he said what they're going to do in terms of transition is simply reduced quantitative easing to the point that by the end of 2014, they eliminated if they can, if the economy responds. what's your reaction? >> i would agree with bill gross on that. with't necessarily agree him on a day-to-day basis but i must say that they will be very cautious before they eliminate a process of quantitative easing. the tapering will be as needed and the reaction of the bond market or the anticipation of tapering by the bond market would seem to take away the need for the fed taper sooner and rather to taper later. >> what has this been doing to the markets? we have been talking about tapering for the last four or five months now. >> several things. for the equity market, substantially a good thing overall. for the bond market, for investors in the bond market, it's given them an opportunity to get out of the way, check durations in their portfolio in a

the mechanics behind it and today he is all about the exchanges and regulation and chatted with stephanie ruhlefor aurora. imagine difficult to how well you can regulate it. there is no central bank. it is a de-centralized system, an open-source system. down, yout to shut it have to effectively shut down the old internet?\ >> that's right. have seen this before. we were early investors in skype. we invested in other p to p companies. it is distributed and not can be something that can be easily shut down. the risk is if it is shut down in the u.s., it may go overseas. >> what about in terms of how to buy and sell this? i'm on day for looking at exchanges. is not a real exchange but there are other exchanges. the service is often disrupted and the customer service is horrible and they often ignore customers. it is hard to get your real currency out after you put it in. >> that's a real challenge. it is exchanges and martian services, there are areas we are in -- we are evaluating. there is friction today and it is difficult to buy and sell bitcoin./ some companies are working actively to try to

stephanie ruhle spoke with the ceo. >> we will retire some debt, we have more than our fair share ofhat. we will invest in the business, we have been in a capital investment land and we expected that it will moderate some investment. we will continue to invest in the customer experience in every one of our building. >> people complain movies are expensive, will that raise prices? >> it depends in what part of the country you live in. inflation and ticket prices for the movies is less than the rate of inflation over any period of time. we are a good value proposition for couples to come out or families to come out for entertainment. the idea is delivering value. some of the experiences are more expensive to deliver, they will be higher-priced. we will moderate according to the experience and the supply and demand in every market. still, a pretty good value proposition to come to the movies versus just about everything else. >> you are in new york and l.a., do you plan to expand? l.a. are ournd biggest, we are in chicago, kansas city, dallas, d.c., all over the u.s. and in more than th

. >> our colleague stephanie ruhle was on the air and she noted blackstone was leaving money on the tablethat mean for momentum tomorrow? >> could build good momentum for that. there is an adage that there is make money. bills get money. picks get slaughtered. you don't need to be greedy the first time. it trades up well and blackstone still owning 76% of the company can sell down in the future ideally at a higher price. >> this is the strategy. >> it's a pricing strategy. it is oversubscribed but they want to make sure it trades up and continues to trade well. >> talk to me about the hilton turnaround. they were like the one lighted stepchild in blackstone group and now they are a record because of hilton and this deal that's looking pretty favorable. savvyckstone is a very investor with lots of expertise. they would rather time this well. loadtestructured the they had taken on with the leveraged buyout deal. this is part of the lbo lifestyle, taking the company operations,roving that's just part of it. >> this is the biggest deal ever by the amount of investor money at stake. what does

we will hear from the amc ceo and gerry lopez will join stephanie ruhle on "market makers."iss that. >>'tis the season to be jolly. europe and the u.s. alone in the holiday craving developing a a bigto stand it's having impact on the trade in cocoa. european business correspondent caroline hyde for nothing other than the chocolate shop where she has been talking to them already. this plenty of cocoa where you are but globally, it's in short supply. demand isecause hitting a record high this year. they are creating more these truffles. ands absolutely sensational we develop more of a taste for luxury.urious we are seeing demand outstripping supply. we are seeing a shortfall at the moment in terms of cocoa supply. tons more some 70,000 cocoa is going to be demanded dan will be supplied and it's enough to make half a billion of this. that's what the shortfall is for this year and it will continue for the next six years. effect on the an cost of cocoa in the price is up 15% next year. that's the expectation that is already up 25% so far this year. >> what's preventing an increas

satmberg stephanie ruhle down with al kelly, head of the new york and new jersey host committee to discussiness impact of unpretty bull elements. elements.npredictable >> what is the contingency plan if we get a snowstorm? if we play outside in the state that is this cold? i was certainly not predicting that we would do anything but be prepared. there are so many great things about this area and one of them is that we know how to clear snow. i spent time this afternoon with folks of that department of transportation in new jersey. we can bring thousands of allows here to move the snow. it would really take a very bad storm at exactly the wrong time to be an issue. i think there are two very wrong times during the course of the week. one is what affects economics of the week which as we get a bad storm on thursday and friday and it prevents people from getting into the airports because they are close to slow down. closed or they're slowed down. obviously the other bad thing is to get a bad snowstorm at the wrong time that prevents the kick off at six: 30 on sunday evening. >> you mention th

that will be with stephanie ruhle and me, tom keene. am here now with alix steel and scarlet fu. >> nike launching six new limited edition holiday-themed sneakers in the last 10 days of december. that is a lot of sneakers. that is in addition to the three signature sneakers by nba stars lebron james, kevin durant, and kobe bryant. kylemberg businessweek" joins us. it sounds like too much. is it? headseakerhea -- sneaker will buy them. the secondary market on this is huge. it is a lot. they might be hitting some diminishing returns. >> are they responding to demand or creating demand when they create these limited editions? >> it is a little bit of both pure that of a brilliant and risky part of the strategy. >> there is not a lot of competition -- there is a lot of competition of ideas, reebok -- adidas, reebok. is a growing? >> it is growing, but it is predicated on the fact that they're commencing consumers of supply is short, but that is not that short if they're rolling out one or two every week. >> for years and years, the death an

joining me here in new york, michael mckee and stephanie ruhle.r the week. -- is off for the week. it is hard. >> embrace it. >> now i'm going to take you to the morning brief. china's benchmark money market rate fell the most since february of 2011.

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhleasons greetings. electronic cards are booming. with hereet a ceo stance on a paperless future. >> which is studios are making a push for oscar action. ." i am to "market makers scarlet fu. >>

. >> we want to bring in stephanie ruhle, who has been following the trial close late.thouse for us today. let's start with how his chances are looking right now. >> the government is expecting to rest the case today. they say that the trial has not gone as smoothly as it would have liked. the defense lawyer did a pretty good job of creating doubt about the star witness. the prosecutors have another really big problem. they do not like to send a jury out to render a conviction right before the christmas holiday. with this about to wrap up next week, that seems to be what is going to happen. it is a bit of a risk. cohen? about steve:= >> what is the dialogue around steve? it is bad for his reputation. the wall street journal reported that they are reconsidering their relationships. i think the story is a bit different. they will have to change their name. we've seen them do it. but for them to reconsider their relationship? i say no way. back in the day, they were the biggest in the account. they could demand great margins and big allocations. has just paid fines. he is

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhleight. we talked to an investor who says twitter should not be flying so high. they say great album. retailers say she gave them the shaft. ordinary man gets 18 of professional bodyguards. what it is like to have your own detail. welcome to "market makers," i am scarlet fu. haveam olivia sterns, we so much great stuff. figuring out what is going on with twitter. come on we will be talking with the onset and introducing you to the best honey and america. >>

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle u.s. airways form the largest airline today. will customers end up paying more for fewer choices? we will speak to the ceo of the merged company. and the year ahead. the largest asset manager will make some big bets on 2014. we will hear exclusively from the president of blackrock. striking back. herbalife opens a new front in the war with thla

. >> live from bloomberg headquarters, this is "market makers" with erik schatzker and stephanie ruhlerussiae with the -- in with the winter olympics is weeks away. >> we sent out exclusively with gary gensler just days before he retires. >> washington is buzzing as congress works its way toward a tax on internet sales. we will dive into the details. >> good morning. it is monday here in new york city. you are watching "market maker " ." i am erik. >> i am scarlet fu. stephanie is out. on to the top news stories from around the world. the ceo of

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle >>

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhlerats he to deal to fund the government for two years but it is no done deal. >> wall street's new era. the vocal rule is supposed to change the way bankers do business. why are they so happy about the way it turned out? we will speak to the chairman and ceo of wells fargo. >> america is the world's solar capital.

role -- stephanie ruhle spoke with kyle bass. >> i just think the u.s.as been selling gm for a long time, and i think they are almost out. i think there were prohibitions put on g.m.'s management by the u.s. treasury making it government motors and now it is about to be general motors again. it is a fascinating time and a catalytic time to be investing on the back of treasury's final sale. i think it will release management to be able to put in and do set of comp plans something shareholder friendly both from a share buyback respecter of and from a dividend perspective. >> jeff and he joined -- stephanie joins us now. will he go when pressing for change? path for investment, significant investment. but i said to him you are getting involved with the gm now that government is out. what about financials? we have seen financials make a big push after they have come out from being under so much government assistance. he is not touching u.s. financials. in europe, he is going short european banks. it is not just getting the government out of your business mea

. ♪ bloombergom headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhlehollywood hills and the sports game. the biggest talent agency on the planet. -- just one week until christmas. you have not finished your gift shopping at. bigger bargains and sales galore or our retailers doomed to post holiday discounts? smart cars

. >> live from bloomberg headquarters in new york, this " with erikmakers schatzker and stephanie ruhle problem -- the brain drain. more than 30% of the industry's employees turn over every year. it's a major concern for the president of one of the world's largest ad companies, and he has written a book about how to fix this. the foreword to this you might notice was written by bloomberg's on justin smith. why is this happening? >> if you look at the advertising industry, the marketing services industry, it has been happening for decades. isare an industry that driven by ideas. we are a creative industry, so people need to find stimulation anywhere and everywhere they can -- >> hang on a second. there are lots of industries all about ideas and all about creativity. just look west of silicon valley. there's lots of that going on here as well. yet, you do not see 30% of employees cycling out of any one company in a given year. >> it's also a fairly incestuous industry. people know one another, and there's limited players. i think silicon valley is an interesting parallel to draw. there ar