from bloomberg headquarters in new york, this is market makers with erik schatzker and stephanie ruhle. shot in the smart phone battle with at&t, making a two million that on -- point $5 billion bet on upgrading the airwaves. billion bet on upgrading the airwaves. >> prices have doubled in colorado after the state pecan tostate became the first legalize recreational marijuana. >> i am stephanie ruhle. in new york.ng for you, ball me. -- for you, ball me -- balmy. this weekend i was cold. >> tmi. we have breaking economic news. ism, non-manufacturing index, has just come in below economist estimates. michael mckee has the headlines. we are looking for 54.7. a run ofe had such good economic business. it is disappointing when you look at the numbers underneath the headline. we saw the new orders index fall below 50, which is roughly fit dividing line for expansion or -- roughly the dividing line for expansion or contraction. the business activity index did not move at all. concern but ite is something to watch. the thing everybody wants to talk about is that jobs report on friday, the une

i am erik schatzker. >> and i am stephanie ruhle. people are talking about the extraordinary pbs sac documeary. i wanted to see, but i went on neil young and carnegie hall. >> we rick rieder have a director guest with us rick rieder, --we have a terrific guest with us, rick rieder, at blackrock. billion.seas $640 right now, 60 seconds, how do you feel about the new year? >> free optimistic. i think the bond market, you know, coming into 2013, rates were distorted, we work 130 base points off of normal levels, we are back to normalcy, and i think it is good for bond markets, equity markets. bond guys are not supposed to have a very optimistic view of the world -- >> certainly not right now with the top of tapering -- >> yeah, but i'm actually -- i returns,s is positive i think it will create some positive returns in the broader market should be in good shape. >> what was your optimism level this time last year? >> different. part of what was happening this time last year was this extraordinary qe program and you got over the fiscal cl

stephanie ruhle is off today. >> we have raking economic news. this is a gauge of the u.s. manufacturing economy. just coming in right now, 57 is so reading, the economists we surveyed were looking for 56.8, so call it in line. above 50, carol, indicates an expansion, so it is not the u.s. manufacturing economy is on fire, but it is growing. for thers more evidence continuing growth of the u.s. economy. with all that final reading on third quarter gps 4.1%, surprising just about everybody. >> and that latest regan manufacturing up -- read on manufacturing up. let's get to the news feed. macy's settled a legal dispute with martha stewart. whether her company reached a contract buys selling items with j.c. penney. the deal does not affect its claim against pennies. cosmetics maker revlon shutting down its operations in china. revlon has not been able to get much traction there. china accounts for just a tubing percent of revlon sales. of revlon sales. government tests found that donkey meat contain the dna of other animals including fox's sold it walmart in china. donkeysis n

i'm here with stephanie ruhle and greg fleming from morgan stanley. e finish up with you this hour, let's talk about the one thing i know matters to you and matters deeply to stephanie and me and too many people out there -- trust and banking. i let has trained since the crisis. clawbacks are in place. capital levels are up, but we still have scandal after scandal. and ceo's e taking home, in some takingend to -- ceo's he home in some cases tens of millions of dollars. >> which they do in other industries. >> but we are talking about banking. why should people trust thanks again? >> it will take time. industry forn the a long time -- i started over 20 years ago now -- and went into work for companies. were great american companies where you were looking to study korean the financial sector which, by the way, is the lubricant of the american economy. there may be this notion out there that this industry is something that is usually problematic. if the economy is going to work, we need a strong financial sector. i think what needs to happen -- and this i

i am stephanie ruhle. fell, thanks to issues with holiday delivery. carol massar just got off the phone with the company's cfo. i love seeing you in the brown uniform. >> here is what happened. a lot of people went shopping last minute, and there was a lot of demand. i just got off of the phone with kurt kuehn, the chief financial officer. if you have ever been to louisville, that is their chief area where everything goes in and out. have a lot more shippers moving closer and closer to port, and what he said is a lot of people came to get things out last, and they did not have enough doors to unload the ship vince, and that is something -- to unload the ship meant -- shipments, and that is something they have to work on. the other thing that is funny, they felt very comfortable about the load, that they can manage capacity, and just a few days before that, there was a dallas ice storm. usually, there is a bit of a lull with the packages going out. usually, there is a surge around thanksgiving, and you have

. >> i am erik schatzker. >> i am stephanie ruhle. two.we are, day it is beautiful out there, and it is about to get hot in here, speaking to the most influential people in the world. >> we will start with one of the most influential men in the banking world, james gorman. great to see you again. >> great to be here. >> it is unbelievable. the sun is shining. let's make some news, shelley? to town last night. you have been able to hear a bit about what people are saying. talk about what people are saying, trust -- five years after the financial crisis, how is it that you think people trust banks so little? >> i am told we are the second least. fortunately, we still have congress. >> news reporters are third. >> in all seriousness, this is the most damaging financial crisis since the depression, and maybe well before that with all of the home foreclosures, bank failures, and the impact that had on the global economy. .t was devastating it takes a long time to recover the trust. it is not surprising. >> is the industry not doing enough?

. >> well-connected "market makers peer for i am stephanie ruhle.you back to matt miller in the detroit auto show. scarlet fu has some breaking news. >> the chief operating officer northd making comments, american production will job next year -- drop next year. there were concerns about inventory. torying that they would have cut prices to move inventory. gm sees growth in the u.s. auto passed over asnn ceo in favor of mary barra. inmillion vehicles sold 2013. he said yesterday that the carmaker is closer than ever to restoring it dividend. >> heading back out to matt miller at the detroit auto show, interviewing top executives at car companies. he is standing by with toyota's senior vice president for automotive operations, bob carter. >> toyota dropped a big bomb on the auto show today. sportse got this new ft1 car, no one expected it, everybody has been blown away. it is a concept, tell me about the direction it points toyota. >> we have a lot of heritage going back to the 1960's. sports cars, fun to drive, that is our roots. consumeris to gauge

i am stephanie ruhle.e are going to hear from chris christie at 11:00. everyone is talking about this, many people in the financial industry have been big backers of chris christie. what could this mean? >> given the widespread belief that chris christie has presidential ambitions, this is not just a new jersey -- new york thing. time for the news feed. parent company of victoria's secret lowered its profit forecast after reporting holiday sales that came up short. it says december sales at the tory sticker was 3%, analysts 4% increase.a sales at family dollar fell. barnes & noble sales also dropped. an investigation has concluded at the world's largest money manager. to payck has agreed 400,000 dollars in investigative costs to the new york state attorney general. blackrock had a program that surveyed analysts, collecting views on companies before analysts published research. blackrock neither admits nor denies of the findings. ibm creating a division for watson, the computer that be people on "jeopardy."

his is "market makers" with erik schatzker stephanie ruhle. pay 1.8 $7n will billion to settle criminal allegations. >> library listening to customers returning to its roots. the ceo tells bloomberg we are going back to the keyboard. the coach who cashes in not the players. the new national champions of college football. >> i am erik schatzker. >> i thought i wanted to be in vegas for ces but there is great inc. news. i do not want to miss that. what if rove a few minutes ago. the news on jp morgan. they have agreed to billions that they knew obvious warning signs to the bernie made us ponzi scheme and failed to report them to authorities. what the allegations amount to a much jp morgan has admitted. >> it looks like jpmorgan had concerns that bernie made off was running internally. they were saying the returns are too good to be too. all that good stuff. they failed to escalate that you proper regulatory authorities. >> are they required too? >> yes. all banks have to have a very have the they compliance program. >> know your clients. >> in f

i'm erik schatzker. >> i'm stephanie ruhle. we have to keep the beat going because it is bank earnings week on wall street. yesterday we heard from j.p. morgan and wells fargo. brian moynihan is reporting a great fourth quarter. scarlet fu has more in the newsroom. break it down for us. >> quarterly profit at bankamerica could quadruple in the fourth quarter thanks to approving credit trends. relatively strong sales and trading numbers and a favorable tax rate as well. earnings per share in the fourth quarter up $.29 compared to the consensus of $.27. revenue coming in higher than anticipated, $21.7 billion. over the past month, eight analysts ratcheted it down. the bar was lowered. pretax litigation expense. it is a noisy quarter because of these one-time items. a 2.1 $3 billion charge there. one investor who was on "surveillance" said he is not exactly sold on bankamerica yet, even though it is leveraging the bank economy. because of the legacy issues that remain. jpmorgan at ahead in terms of resolving the sales of defective

i'm stephanie ruhle. >> we will begin with the feeling the pain from bernard madoff's ponzi scheme --aying a claim to settle a claim after j.p. morgan spend more than $23 billion in legal settlements. when $61 billion isn't enough, the time warner cable ceo says charter communications takeover bid is a lowball offer and has rejected it. the combination of the two cable companies would create the world's largest pay-tv operator. turner says it has not received a serious response from time warner so charter has to make its case to time warner cable shareholders. square is holding its secondary offering that has a company valued at $5 billion. it's moving beyond far -- moving beyond smart phone services into retail outlets like star bucks. >> let's talk about this big deal for google -- a big deal billion dollars is what they paid for the , theal thermostat maker third-biggest acquisition for google ever behind double-click in 2007. chang is here in the studio. i'm a huge fan of nest. >> i am as well. this deal was shocking. i just talked to tony fidel a few months ago and there was no i

makers," ont bloomberg television. 10:00 in new york city, i have erik schatzker. >> i am stephanie ruhle, the last day you and i are both here they fear we had to europe. we had to europe. earnings season, the parade continues, goldman sachs and citigroup. as usual.e winner scarlet fu has been keeping tabs. citi had industry's first big mess. 82 senselessly adjusted earnings per share, below the consensus and fell short of lowest estimates. revenues missed the mark, following versus last year and a third quarter. on trading was down 15% versus last year compared with flat at his peers. is losing market share to peers. guggenheim said citigroup depends more on fixed income currencies, commodities, trading and other money center banks. investment banking was relatively weak, so far, we have been hearing about banks having higher fees because of dealmaking and ipos, at citi it was flat. conference call highlights, what they said was that the business was flat and the fourth quarter, low interest-rate environment was a drag on results. legal costs will remain elevated at citigroup, even afte

it is 11:00 here on a snowy friday morning in new york. >> i am stephanie ruhle.ot to cover. we've got to talk about -- we are calling it a major storm. you know it is hitting the east coast, causing big headaches for many. it may create profits for others. julie hyman has a look at how the wild weather impacts companies around the country. eric wants to start with snow, but it makes me so angry that people rush out to buy snowplowing it is knowing. >> does not just the snow, it is the cold, too. even you must respect it is getting a little -- >> put on a coat. >> canada didn't have electricity for 24 hours. >> he had a generator. he wasn't burning his furniture in the fireplace to stay warm. >> let's talk about the cold weather. let's talk about natural gas. which normally would be going up on a day like this. >> instead, futures are going down. the outlook for the next inventory report is there will be a smaller drawdown in inventories than is typical this year. you're seeing a counterintuitive move. if you look at propane suppliers, we're seeing a mixed picture

i am stephanie ruhle, welcome to street smart.are waiting for new jersey governor chris christie deliver his state of the state address in trenton. this comes one week after the embattled governor and faces an investigation into his role in the lane

i am erik schatzker. >> and i am stephanie ruhle.

i'm stephanie ruhle. transforming the business of ports.ceo of the 76ers and the new jersey devils is doing. his teams have become the first to align themselves with online gambling. will this payoff? scott o'neill joins us now. before we start, you are not just into basketball, hockey. how about into fashion? show us that jacket right now. >> sartorial splendor. is going to say, i want out of miami and into philadelphia if i can get a jacket like that. tell us about this gambling partnership. >> i don't know if you play poker or not -- >> i do. i don't play online. >> not yet, rather. million poker0 players in the u.s. and at this point, new jersey, delaware, and nevada are the three states you can go online and play poker. we own theause devils and the sixers, we have a caller in the state of new jersey. it is an interesting correlation between people who are active, going to sporting events -- they are much more likely to be playing. >> what is exchange? >> money. what? who is paying for >> they pay for access to our digital media, socia

we have much more with tom keene and stephanie ruhle here. ♪ this is "bloomberg surveillance."fu. time for this matters now with our guest host, craig moffett. we are going to talk about housing information. when the housing market sank, it put the brakes on new households. now that housing is in full recovery mode, has household inflation kept pace? >> it has not and there may be reverse causality. it may be that the failure to create new households is what is keeping the housing market back, but there are two fundamentally separate issues. there is the question of -- our children moving out or moving in? -- are the children moving out or moving in? the industries that i follow are very much driven by household formation. household formation has ground just about to a halt. >> is it causation or correlation? >> i think in some ways it is causation. the failure to create new household units is creating less and less demand for new housing stock. so, you are seeing some decoupling of those things in how the stock is increasing as we get a recovery, going into second homes, weeke

i'm stephanie ruhle..c., president barack obama is using just about every social media tool to present -- promote a century-old ritual, the annual state of the union address. -- philphil madeleine mattingly joins us now. what i hear the state of the union address, i get a pit in my stomach from when i was a kid when the date of the union address would interrupt "the muppets." why is it so important today? >> it is exactly that, but even more so now. there are so many options on tv. thenow that last year president reached 33 billion people with his address. it was about half of what bill clinton was reaching a decade before. the white house is going ahead with full on social media push. they are having google hangouts with staff and aides. they are also doing a virtual road trip with the president after the speech. this is not only to get supporters involved, but exactly what you are saying. they need to reach more people and this is the way they think they can do it. >> and isn't it fair to say that it wo

stephanie ruhle of "market makers."ve more great interviews including with senator john mccain. coming up, michael dell talks about his company's renewed focus on the transition from public to private. greg maffei will be in the loop on whether he in can put together the multibillion-dollar deal. ♪ >> it is time for "this versus that." this is jonah hill from "the wolf of wall street." hetold howard stern that accepted scale for that film, $60,000. paycheck,icaprio's $10 million. hill said "i would sell my house and give all my money to work with him." no word on whether he will get royalties from the blockbuster hit. ♪ to "in the loop ." >i am betty liu. it is time for "on the markets." >> if you futures are any indication of market direction, could be a relatively ugly day for stocks, the first down day in 3 days for the s&p. you have hsbc coming out with criminal a manufacturing data for china for january. it dipped below the 50 level. that was the first contraction in about six months. short-term moving averages as

stephanie ruhle. that is my name. we have to look back at the week we have had. here and lucky you have watched. >> let's start off with the founder and executive chairman of the world economic forum. he is the guy who tries to set the tone for the whole week. he has priorities in mind. sometimes it is difficult to bring other people onside. tom, you know this very well. it is kind of like a concept. wall street is a concept. concept. or woman is a there are still more men here than women, unfortunately. here is what he had to say about who davos man is now. >> in the old tradition, probably some self-doubts. he knows capitalism today, in principle, should be combined responsibilityal with concern for those left out by our capitalist system. >> i am not sure what to say about that. i have not met a lot of people with self-doubt here this week. man has three handlers getting 25 meetings together just to get to thursday night. we have seen corporate davos. this year, davos man is much more corporate. >> struggling against the commercialization of the world economic

makers" >> live from bloomberg thisuarters in new york, is "market makers" with erik schatzker and stephanie ruhle. findch companies themselves caught in the middle. >> star witness, the government is counting on insider-trading cases against capital fund managers. quarterbacks, it is not all just brady and manning this weekend. two teams will be led by players who do not make $1 million. who knew? >> i'm scarlet fu. how long have we been working at bloomberg and never had a chance to sunset together? >> since the reagan years. this is a first. we were talking about it yesterday. i'm thrilled be sitting here with you. were talking about cut- rate cornerbacks, the football this weekend, a lot of people are the big spenders on these know, the it as you super bowl is coming to new jersey. it will be in the meadowlands. >> they will be freezing. >> we will be watching from the comfort of our homes. we will get back to that in a minute. .t is time for the news the top business stories from around the world. >> morgan stanley profit fell 70% due to costs of bank securities. and litigation. the bank achi

. >> stephanie ruhle joins us now, and i want to turn the conversation to who is produced big in the ock market. -- participating in this job market. why you picked a different career bid stephanie -- then stephanie, working in wall street >. >> we went in different ways, but we are both girls. >> you have to wonder why so toy women are driven barbara's industry. real estate, finances. many,state you see finances you do not. corey walked onto a trading said i have a lot of people who look and sell like me, i guess i can do it. women see others like barbara, who got into the real estate industry, that they can say i could do it. in 1997-2010 but there was a shift. you have to have a very similar skill set. it is about trust. throw out what the numbers are sega but it is about can you trust someone? corey did a good his salesperson that they would is the best idea, and say that stephanie ruhle told me to invest in the red is about understanding customer, emotional d'este motion of it. >> when it comes to dealing with your customer, it is always about trust commanded a business. there is

. >> stephanie ruhle in for trish regan. let's look at the big picture. >> these are three charts that will show you right now what is happening. we got a little rally. up this morning, down this afternoon. trying to win back some of the loss from yesterday. we are just below the all-time high we sat on the 31st of december. is gold. up about .8%. georger john paulson and soros got out. >> ring the bell. hello. this is a big call the kel out -- came out of citibank. you have to sell the euro. right now, the euro is 1.3591. .ou are going to go to europe >> indeed, i will be in. close in three weeks. lucky me. >> i tell you what. we are going to our lead right now. it is a big day for boeing. to be voting for a third time on a new contract that would enable production on the 777. that would begin next year in washington. if they say yes, they will get a bonus and a contract extension. , boeing willo likely move production to another state and washington will face a credit ratings downgrade. that is how big the stakes are. this

i am stephanie ruhle, welcome to street smart. right now we are waiting for new jersey governor chris christie deliver his state of the state address in trenton. this comes one week after the embattled governor and faces an investigation into his role in the lane closures on the george washington bridge. he is expected to address the recent candle as well as plans to extend the current school day. >> he is going to want to try to change the conversation. this is not just a new york and new jersey issue paid up when he was delivering his rest conference last week, every tv in our office in san francisco was on. mark zuckerberg has had fundraisers at chris christie's house. he doesn't do fundraisers for anybody. he was not try to get support across the aisle, he is try to chris christie had a town hall at the facebook headquarters. it is interesting to see what will happen today, and see if a change of direction can happen. >> former governor asked -- of new york with us. what was your immediate reaction? >> this is impossible. how

with adam johnson and stephanie ruhle.is hour, two special guests, robert wolf, ceo of 32 advisors and former chairman and ceo of ubs america, an adviser to president obama. you have us putting the money on the table. >> jobs numbers. 8:30. >> we don't take credit on wall street. margin?n do it on i don't know. >> we are talking about the jobs number. the december unemployment report at 8:30. 2013 might have been the best year for hiring since 2005, does not feel like it, but them's the numbers. lacker giving a sec

moving and shaking, tommy hilfiger spoke with stephanie ruhle at the annual retail conference.rought together young designers and more established massmarketed designers. >> having the designer brand is much different then having a math brand. provide designer brand something different to the consumer. status, connection with the person behind the label. a lifestyle. we are really building and have ,uilt a lifestyle global rand rather than just a fashion brand. >> coming up, someone who mixes recent -- retail and real estate. sitt, quities, joe fit told me how he is building the business from the ground up. .-rod suspended for the season the yankees could lose even more in court. stay "in the loop." with betty liu will be right back. ♪ >> yankees third baseman alex his 120z will forfeit $5 million salary while suspended this coming season. charged with violating the performance enhancing drug policy, attempting to overhaul the ruling. this could end up costing him even more than his paycheck. really us on this fascinating story. you do not have to be a sports story to find this

. ♪ from bloomberg headquarters in new york, this is market makers with erik schatzker and stephanie ruhlee with at&t, making a two million that on -- point $5 billion bet on upgrading the airwaves. billion bet on upgrading the airwaves. >> prices have doubled in colorado after the state pecan tostate became the first legalize recreational marijuana. >> i am stephanie ruhle. in new york.ng for you, ball me. -- for you, ball me -- balmy. this

doorsers cannot open the fast enough and stephanie ruhle is joining us you because she spoke with therting goods. >> indeed i did. he we are, super bowl in new york, new jersey. obviously he says you have got to go to mo's. huge for his business, not just because everyone needs jacket. mediaprobably more the play than financial play. so many different things. sponsorship with the nfl, media events, just a lot of events going on. >> you have to spend a lot, too. you could also make a lot of money selling here. > -- selling gear. >> not really. we are part of the dna of new island, new long jersey, westchester, they will have a piece of it, but the real action will be in the 4 manhattan stores. got to go to mo's. >> is not necessarily a game changer for him. it is a game changer for under armour, because he has tom brady. as important as it is to have these wearables and technology, at the end of the day the kids by the jerseys and the cure any criminal their favorite athletes. that is tom brady, - jerseys favoriteear of their athletes. that is tom brady. he is an under armour guy. >> y

i am stephanie ruhle. ♪

. >> my thanks to stephanie ruhle.xt guest -- our right place, right time segment is next. ♪ >> all right. now it is time for our right place, right time segment. in fact, we are all at the right place, right time. went from the aegion industry to the tequila business -- from the eb asian industry to the tequila business. by making a deal with warren buffett. he founded tequila aviÓn. [laughter] >> thank you. >> you are giving me a pronunciation lesson. can we talk about what it is like to be with warren buffett? >> i never imagined i would be sitting at a poker table in las vegas with warren buffett. i never imagined i would be sitting in an office in omaha with his art and are -- with his partner. >> or marquis jet. the business with berkshire pathway. marquis jet to berkshire hathaway in 2010. it was a dream come true for me and my partners who came from nothing. we still feel like we came from nothing, which is a good thing. it was a dream come true, which led to creating tequila aviÓn. dream comes true, but you ar

brian moynihan sat down with erik schatzker and stephanie ruhle this morning.irst question was how do you repair reputations at banks like his? >> if you say what is the purpose of the financial institution, to help our customers with their lives. we've done everything we can and as we continue the compliance and risk infrastructure, you won't find those types of things repeat, but you are still finding them. >> you say you felt the worst of the mortgage litigation and settlement was behind the of a. >> if you look at a lot of different cases, because we are the biggest because of the countrywide acquisition, we were deep into this earlier on. fannie mae and ready mac come up we settled with the private label litigation two and half years ago. there are still uncertainties and we have investigations by the department of justice and we will deal with that but the reality is what we were able to and had to get to over the last few years to clean the balance sheet up starting and 10 and 11, we did a lot of work and it cost a lot of money. a lot of the work has bee

stephanie ruhle sat down with creative director todd van horn. nextvel of generation of athletes and their expectation of our product continues to grow. they get faster. they get stronger. they get more powerful. our insights to deliver that sets nike up for generation after generation. >> nike's new apparel will be especially important during this year's super bowl. -- van hornplained explained how nike is preparing athletes for the cold. >> we have a whole new range of innovations. it was a factor. it could be five degrees or it could be 50 degrees. i think providing those array of our breads and from an innovator standpoint gives us a lot more tools in the toolbox to deal with athlete needs. this is the first outdoor super bowl in a long time. being in new york and having a potentially cold-weather game is very exciting for us. >> how far is nike taking innovation? the company actually looked outside the sport for help. role injohnson played a developing this new 3-d shoe. the markets.r on olivia sterns is in new york. andluctuating between ga

stephanie ruhle and rick chapter spoke with the imac ceo ought -- at the world economic forum in davossked if imax is ing from the rich getting richer. >> they do not have to travel to davos because they can see you on the screen home. on a serious note, that is a very niche product for a small market. in fact, if we sell 10 of those a year, it is a lot. are looking at revenues that are still $700 million worldwide. " did 20% of the north american box office. this is just sort of an niche. partome theater is just a of it. we have another home theater. we have china, the middle east, and russia. wins a ton of" awards, do you make money off of that? >> we might. not a lot of money. the way we may money is if it is released. for us, we are excited if the film really broke new ground and used special effects in a new way and that is for imax really takes off and that is why we index so hot. so, i will -- index so high. so i would like to see it when because it's a really great movie, but it was shown off in imax. it is associated with that brand. >> i think that is more important. >> imax

stephanie ruhle has been taking notes on the jargon.n social scene last night -- rouhani was speaking, cameron was thinking. the other stars of the show, you went to dinner last night. what was the town? >> it was all that happiness. being happy. the rich and powerful -- they are not rich and powerful and heavy enough. >> i was not invited to that. continue. >> we had ostensibly the happiest man in the world. matthew ricard is a buddhist monk. he has a degree in cellular genetics. he is an author and the photographer. the nobel prize winner was there -- had a lot to say. >> he is feeling it today. things are getting real in the markets. -- he is theter perfect person to say i told you so. everyone has based in the glory of central banking. >> he did. he wanted everybody to know on the sidelines of the discussion about happiness -- he is worried about people feeling too good. >> explain this. you have been through these crises. i am doing a cross at that thing. you are equity driven. yorko equity people in new care about buenos aires? >>

for more on what this means, stephanie ruhle joins us. >> i hate to say that i don't know if it meansa living out of reading the herbalife tea leaves. he is one of bill ackman's top guys. it was a shame standing beside him when he presented his first short. he is not coming out saying i do not believe in this trade. he is not going to work for carl icahn, he has made a lot of money working for bill ackman. he might just be taking a breather. there are not as investors -- there are not a lot of investors out there with thick skin like bill ackman. longer has an no naked short position on herbalife, he had to close out. position,adjusted his it is a smarter way to have the trade off. he has said i will take this trade till the end of the earth. he has not changed his view, he still says the analyst is one of the best he ever worked with. the analyst has not come out and said anything that he is changing his the honorable life. he is taking his money and going home. i would like to do that. >> also joining us is tom orlik. withig complaint herbalife, is it a paramedic scheme? -- is it a

. >> i am erik schatzker. >> i am stephanie ruhle.s beautiful out there, and it is about to get hot in here, speaking to the most influential people in the world. >> we will start with one of the most influential men in the banking world, james gorman. great to see you again. >> great to be here.

stephanie ruhle sat down with the nike creative director.explained how nike is innovating for the next generation. >> the level of the next generation of athletes and their expectations continues to grow. they get faster, stronger, more powerful. our insights to deliver that for that group of athletes. >> nike's new apparel will be especially important during this year's super bowl. it will be held at an outdoor stadium. nike is preparing for the cold. take a listen. >> we offer a whole array of new innovations. it was a factor. it could be 5 degrees or it could be 50 degrees. providing that array of options for the athletes just expand our presence, certainly from innovators standpoint, it gives us a lot more tools in the toolbox to be able to play with to service those athletes' needs. this is the first super bowl in an open stadium in a long time. it is exciting for us. >> how far is nike taking innovation? when developing the new super bowl cleats, the company actually looked outside the sport for help. olympic track sprinter michael joh

makers" stephanie ruhle and erik schatzker.n from lake another old place, chicago, with his 'saction to blan blankfein reynolds, lou capital market ceo. jim, always great to have you on the program. >> great to be here, betty, thank you. >> let's are with one point that blankfein made, which i that was interesting. one of the key questions that people have for wall street firms is can a rich -- can they attract and retain talent? and as lloyd said, yes, 80% of the people who are applying to his firm and others, which is goldman. is that true? >> i think he is spot on. first of all, let me say, that is a very outstanding interview. very wide ranging. i think we heard them kind of redefine a little bit and clarify the way they expect to do business, but also the way investment banks are doing business. overwhelmingly, young people still want to come to wall street. it is kind of amazing that given the image that they have painted of wall street in the press, obviously and washington, d.c., in middle america, from what he indicate

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhleceled and the bitter cold in the northeast is upon us. we will find

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle price cuts and a new strategy did not help the retailer. holiday sales fell unexpectedly in the stock is down then most in 11 years. >> bernanke last days, what could be his final speech as fed chairman later this morning. plus an interview with a former colleague who was at his side during the financial crisis. >>

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhleiskey company buys a name synonymous with american urban, -- urban-- bur ourbon. >> mid-america is says it was a victim of a holiday breach. neiman marcus says it was a victim of a holiday breach. a full season's suspension

makers" >> live from bloomberg thisuarters in new york, is "market makers" with erik schatzker and stephanie ruhlelves caught in the middle. >> star witness, the government is counting on insider-trading cases against capital fund managers. quarterbacks, it is not all just brady and manning this weekend. two teams will be led by players who do not make $1 million. who knew? >> i'm scarlet fu.

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhley. richest the world's people investing at the start of 2014? our exclusive interview with morgan stanley head of wealth management. >> the cosco model -- president obama is highlighting the retailer to tout his plan to raise the minimum wage at a store that already pays its workers a most 20 bucks an hour. -- why yourency cash machine could crash in april and your bank account could be compromised unless microsoft comes to the rescue. you are watching "et

i am adam johnson with michael mckee and stephanie ruhle.us in the next hour. we have the maven in telecom media and all things digital. he started his career at at&t. he now sits on several boards, including target, western union. what a pleasure having you here. >> it is fun to be here. >> >> absolutely. you have all these things happening not just in the u.s., but everywhere in the world. toyou are the perfect guy have on hand. we want to go through our agenda item. just a half hour, mario draghi will be talking to reporters. the ecb president taking the podium. ,nd the european central bank no interest rate. also, the weekly jobs claims report. this

i am stephanie ruhle. i am erik schatzker. monahan, the ceo of bank of america was sitting here. of the world's top-performing hedge fund managers. great to see you again. >> do you think we put brian holt -- brian monahan in the hot seat? this man put them in the hot seat. >> one of the things we talked to brian about was this idea that thinkers come here to do something. he said they come here to learn. you are investing financials. your main fund was up 60% last year. if anyone knows of the bankers need to do it is you. places is one of the few where it is a real economy and real industry and together government and regulators can sit down and speak to gather with ash and speak together about financial institutes. here you have every ceo of industrials, making everything from steel to chemical to prep -- to chemical to transportation. they are represented by government officials. what i think is unique is ultimately a bank is nothing else but intermediate team. mediating to fund economic growth. ermediating to fund economic growth. theive years after financial crisis, how impo

tepper who finished the year somewhere north of for the percent eat the s&p 500 and his comment to stephanie ruhlet fear is for my fellow money managers not to be long enough. will have another great year and you don't want to be short. you want to be long as much as you can get. that implies long on margin are are a 30% gain. incredible. >> we will have to see what happens. tracks that guy has made staggering amounts of money. calling on president obama to make a plea bargain with the former nsa agent. in a piece penned by the editorial board, here is what they wrote. "you may have committed a crime to do so but he's done his country a great service and it's time to offer mr. snowden some kind of clemency allowing him to return home and face at least substantially reduced punishment in light of his role as a whistleblower. withimes has been working the guardian to publish information since last summer. i want to open this up to everyone here and viewers, feel free to tweet in as well. when we first heard about this, everyone was so adamant he had crossed the line. >> not everyone. twix we heard t

his is "market makers" with erik schatzker stephanie ruhle.illion to settle criminal allegations. >> library listening to customers returning to its roots. the ceo tells bloomberg we are going back to the keyboard. the coach who cashes in not the players. the new

live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle the fast lane, most cars sold in the u.s. since 2007. talking to a former member of the white house auto task force. then the ceo of rolls-royce. >> janet yellen talks to "time" magazine, defending qe and says we could see 3% growth this year. a fed chair giving interviews could be a sign of new things to come. >> chris christie in