treasury secretary larry summers with our stephanie ruhle. for more at what we are seeing at the bottom market, i'm joined by an executive vice president and portfolio manager at pimco. what strategy do that chair janet yellen and her colleagues need to implement to keep bond yields relatively stable but at particularly after the recent plunge we have been witnessing in yields? >> it is actually very really difficult. qe one andd and it two, the big bond buying programs, 2011. the big bond yields fell. they are trying to engineer three great escapes. one is from the liquidity trap. they want banks to lend more. the ecb is going through this. the second escape is from qe. it seems that the markets are having difficulty when the fed decides it wants to stop its bond buying. in fact, the fed meets next week, wednesday, and it is supposed to tell us that the end of qe is here. the third escape is to get off of the zero interest rate level that has been in place for six years and that is the most ethical task of all. -- the most difficult task of

i am emily chang with market makers anchor stephanie ruhle.ing to them biggest influencers in technology and media. lee -- lead designer at apple will be here. >> hopefully you will not have the iphone in his back pocket. >> apple has sent out its official invitation for an event on october 16 in cupertino. we are expecting a new lineup of ipads. cory johnson, back with us now. you and i have been talking about ipads and the future of sales have been slowing down when it comes to the ipad in particular, yet they are also planning to launch, as far as we know, a 13-inch, giant ipad. >> which stephanie ruhle should not put in her back pocket. do not put that in your back pocket. it could get stuck in your hair. >> that would be a big pair of jeans. >> i am not going there. it is a big development for a company that has seen shrinking sales for a couple of quarters, a company that saw massive adoption that we have never seen before -- faster than the first cell phone, the internet, the pc. tim joins me. when we look at the device, they will say i

my name is stephanie ruhle. emily chang is inside, sitting down with more of the influencers like i will be in a moment. let's take you to the top news and media headlines. >> thanks very much. the stock market got hammered today, wiping away gains from yesterday's rally. the dow, nasdaq and s&p 500 falling about 2% as the market was hit with the most volatile stretch since 2011. energy stocks were hit particularly hard amid concerns about a global economic slowdown. billionaire activist investor carl icon fires back at venture capital's mark andreessen a day after andreessen called icahn and evil captain kirk. here is what he told trish regan about andreessen. >> is a quintessential guy that i say is what is wrong with corporate america. i put him on last night when i heard he said stuff about me. him because hear talks in that squeaky fast voice. only a dog could really understand exactly what he said. >> icahn also said andreessen should not be on the ebay board. advancepplier gt technologies is asking the co

i am stephanie ruhle. >> and i am erik schatzker.for the news feed, top is his stories from around the world. the unemployment rate has only 25.9%, the lowest in six years. -- the unappointed rate has fallen to 5.9%. wage growth remains stagnant. the government's new rules aimed having anversions are impact. a pharmaceutical company has called off and merger with an italy pharmaceutical company, to targetgulations companies moving overseas to gain a tax benefit. the cyber attack on jpmorgan is one of the biggest ever. the bank says hackers accessed million household businesses.n small they broke into a jpmorgan server by exploiting an employee password. >> a picture is worth a thousand words, but what is a picture valued when tweeted or put on instagram by a brand and then retreated over and over? we have global eeo for an advertising giant, y&r. welcome here we're talking so much about the value of social media, and you are wearing a pin leading the campaign "click and shout." >> in the beginning, people thought all you need it to d

i will send it back to you. >> thank you very much, stephanie ruhle.ack with an interview with larry summers and we will see what he thinks about buying your intended fiancÉ about. i think it is a good idea. >> fast food fallout. americans aren't going to mcdonald's the way they used to. four have fallen for straight quarters. >> china's economy grows supposedly faster than expected. still, it is the slowest rate of increase in more than five years. we will talk about the numbers and what they mean if they mean anything at all. >> mcdonald's just can't seem to get a break. the world's largest restaurant chains and profit fell 30%. u.s. sales slump for the fourth straight quarter. we have been following this story. there are endless puns we could make with mcdonald's commercial slogans but really this business doesn't seem to be doing, is not free healthy. no comment on the food. losing that glow. there's no way to get around that. the most important thing, the future looking pretty bleak. a pressure will continue to mount in terms of the operating perf

stephanie ruhle joins us to excuse it just exclusive interviews, making --millard drexler. potential vaccine and serums to stop ebola. monitoring wall street after last week's roller coaster ride for stocks. we will get to those stories in just a moment. first, let's get you right to the top story that we are following. ibm shares plunged the most in the most in four years, struggling to transform fast enough to handle the shifted cloud computing. an earningsd forecast for 2014 and said it will provide an update on its projections in january. ditching a five-year plan to boost profit. the shares tumbled by dragging down the value of the stake held ibm's biggestett, shareholder. earlier, ibm announced an globalnt to pay foundries $1.5 billion to take over the chip manufacturing division. the deal is part of the ceos efforts to prioritize. apple reports earnings after the bell as the company enters the mobile payment arena. apple pay allows shoppers to buy products in stores using their iphones. the company has signed a banks and credit card issuers such as mastercard and vis

here.was a pleasure being thank you, stephanie ruhle, once again on assignment.of hours. we are continuing to monitor what appears to be multiple gunmen situation in the capital of ottawa. the hour.ast here is scarlet fu. the turbulence of last wednesday, the s&p 500 has sense.every single day does that mean the volatility is behind us? joining us is the equity derivative strategist. the s&p 500 not only has gained every day, it has more than made up the losses from last wednesday. s&p showed a v-shaped for price action of the last two weeks. it sold under 16 and we are trading picks now that vix now as well. since then, the correlation again.as sold off it shot up to 75 and now it is back around the 50 level. the markets back to where earnings are going to dominate individual stocks are going to be -- one of the most actively traded stocks today is yahoo!. shares hitting a one-month high. this is after third-quarter earnings topped estimates. what is the action you are seeing when it comes to options? >> yahoo! options have been busy for a week now. we were anti

stephanie ruhle joins me now from the conference in new york city.e you looking forward to asking carl icahn? >> pimm, what a two days we have just had at the robin hood investment conference? from paul jones to miller, david einhorn and dan lobe we are going to wrap it up with the

is "market makers" with erik schatzker and stephanie ruhle. >> splitting up in silicon valley. a bona fide trend. the latest tech company to consider breaking itself into two. banksing from the central -- from the imf. good morning, everybody. welcome to "market makers." stephanie is on assignment. you will see her in the next hour. we begin with the bulletin. the top stories in finance at this hour. let's start with the imf. using central bank money has pumped up asset prices so much they may once again threaten the financial system. the imf points to specific vulnerabilities. the increased sensitivity and credit markets could make the exit process more volatile, potentially undermining the ability of financial systems to support recovery. janet yellen has raised similar concerns. regulators need to take steps to curb financial excesses. right now. they were trading slightly higher. they're dipping up and down on either side. plummeted.elds the s&p 500 virtually unchanged. so is the doubt. ow.so is the td -- so is the dow. >> if you days of triple digit declines and more of tho

schatzker with stephanie ruhle. $79 oil.n the words of larry fink, a gigantic tax cut for americans, but for oil and gas companies, a gigantic headache. $70 a barrel, some or production doesn't make sense anymore. who are the winners and losers in a world of $70 oil? that is the question for our roundtable. the owner and cofounder of cressotti capital management which invests an oil companies. the chairman of p true partners, oil and gas industry with us from the great state of texas. good morning, gentlemen. i guess we should probably throw it to you first, tom. 70 dollars oil doesn't seem so they new longer because bulls are capitulating. goldman sachs, pretty optimistic forecast earlier this week, saying, actually, we were wrong, and we think the oil could drop to $70 of the middle of 2015. you advise oil and gas companies. what do they do in the situation? remember,hing to prices tend to both on the upside and downside. the surprise in what has happened in the last month is that it happened in october and not in june or

i'm stephanie ruhle.> i am matt miller in for air schatzker. lucky me on this friday. i hope things don't get too out of hand. usually the day i will not say go off the rails, but it gets a little cray cray. if olivia shows up, things will go bonkers. >> breaking news to keep us grounded. new home sales are out. >> you guys are a right on this friday. breaking news as it pertains to new home sales for the month of , just belowsing estimates of 470,000 from analysts we surveyed at bloomberg. august whichf the was a six-year high. august newmont sales revised down by 7.5%. new home sales for last month down just a tad compared to the analyst figures coming in at 457,000. 467,000. >> let's bring in the guy who knows the difference. for more on new home sales, let's bring michael mckee. give us the real deal. news because it is kind of bad news. we thought we would have a big decline in new home sales, and we did not. the reason is new home sales back to july were revised lower. there was an 18% gain last mon

." >> i am olivia sterns in for stephanie ruhle. we've got the nobel prize winners plus your exclusive with james patterson. >> right now, we will begin with a bulletin -- a new ceo for the recovering retailer jcpenney is going to be marvin ellison who is currently the executive vice president of stores at home depot. he will join jcpenney then formally become the ceo in august to replace mike ullman who is now in his second tour as jcpenney seo and has been trying to revive jcpenney. bill ackman has gone public in shares of pershing square holdings are trading down this morning as 11% in amsterdam. it raised $2.7 billion in its ipo. hans nichols about what he will do with the money raised. >> the cash we have raised we intend to use for a new commitment. we will announce that in the next 45-60 days in the capital goal -- will go for that new investment. >> a us-based company? >> yes. >>? can you giveme a hint on the sector >> no. >> a potential merger in the railroad industry has been derailed for the moment. csx has rejected a tak

stephanie ruhle joins us now live. thank you.'m here with ari summers, the ceo of jpmorgan chase's consumer bank. branches, who is going to branches today? >> good question. all thee question i get time. it is very important to our customers, 90% of our customers use our branches, and visit several times a quarter. the way they use him is very different that deals with no. the transactions they used to have to come to the branch to do, deposit, payment, to ask a question about an account, they are using some of the technology that we have developed. they're coming for different reasons. 50% of deposits are happening outside of branches, how is jpmorgan chase rationalizing that you continue to open new branches? >> we have continued to build over the last three years, and we're proud to do that. --bill because customers build them because customers want them. financialrm for advisors. >> to those retail investors care? we're an extreme market volatility like we have been in the last week. on it aching of the phone and calling thei

we're with stephanie ruhle.ve been talking about the management and we are also -- ing to the next joining us now here on the set, scott sanford, formerly of goldman sachs. for many years. now founder of an investor in both of these companies. i want to find out what your companies do and why it is the next big thing. replace all ofe the hassle and speaking to a salesman for eight hours. you go to your desktop, computer, laptop, or mobile phone, you click and that is it. how about you? >> the easiest way is the online businessesvice for and consumers. say you wanted to send your nephew a set of golf clubs and he was on the other side of the country. open up the ship app, take a picture, tell us where it is going, and will we will take it to our warehouse and send it to carrierst cost shipping for only five dollars. >> as someone who has seen so many tech companies go from infancy to ipo, what do you see in them? >> i see them, the founders. it all starts of the founders areas it starts with a vision come a passi

. >> general keith alexander, former director of the nsa, there with emily chang and stephanie ruhle.will be right back with more "bloomberg west." ♪ >> welcome back. i am cory johnson. into theently jumped world of wearable devices, saying they would have a watch in 2015. job own has introduced a new russian up its act that will work with the apple health kit. earlier today, emily chang and stephanie ruhle sat down with their ceo at a summit here in san francisco. why jobarted by asking own is on board with its competitor apple. it has been good for years. we launched in many categories with them. we like what they are doing in health care. we have taken an open approach. we have an app that works on the iphone without any of the hardware. wear one ofaving to these. you worry about that cutting into the devices. >> people starting out if they do not know they want a device. you really cannot track sleep that well with your phone in bed. sort of it is all additive, right? it is a way for people to get whatthe solution and find is right for them, and then they keep graduating through.

videos that they made of you and stephanie. >> they decided to have a little fun featuring me and stephanie ruhlei like the white hair and stephanie. it is a different look. they capture the range of my moves. socially, i hang out and you'd actually dress like that outside of work. the fashion is spot on. that is not the best jim jeb i have ever seen. >> but it is not bad. however we will give this video viral, weunity to go will between to get out -- b tweaking it out. ♪ >> that will do it for "market makers." >> tomorrow i will talk to the al on ineo of payp the loop. >> and stephanie and i will be here talking about the business of beauty. with us will be the ceo of the french beauty company clar ins. fascinating and big dollar. the hour, past bloomberg television is on the markets. >> thank you. stocks are moving modestly lower. the s&p 500 is off by 6/10 of 1%. the imf came out today cutting its global growth forecast for 2015, down to 3.8%. a bit of a revision downward. they say stocks had reached frothy levels. insia me now for options ght is scott. we saw a pickup and volatility last week

with erik schatzker and stephanie ruhle. selling off are stocks and hammering the currency a day after dilma rousseff wins reelection. >> playing doctor or playing politics? new york and new jersey impost quarantines for anyone exposed to ebola. the white house and happy. -- ain't happy. >> perp is paycheck. millenial -- purpose over paycheck. not all millenials are demanding that companies show them the money. >> 4 days. >> remember what day it is? october 31. her favorite day of the year. >> i know you are excited about the brazilian elections. >> you only have one thing on your mind. >> halloween. >> are you going to dress up for the show? >> executive producers do not think it is a good idea. i now have to move on. olivia sterns would like to dress up, too. she will show up in a hazmat suit. top business stories. investors are punishing brazil a day after president dilma rousseff was reelected. the benchmark index was more than 6% at the open, up more than 6%. it is now down 20%. the brazilian real fell 3%. dilma roussef

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhleew york city. you are watching "market makers" on bloomberg television. atphanie ruhle is out "vanity fair" summit, and you just saw her interviewing bob iger. my guest host is the founder and managing partner at methods like capital advisors and investment bank, specializing in media and digital properties. we neeto talk about the world's most powerful brand. again sit atnce the top -- apple is number one with a brand value of almost 100 million dollars. google, number two. you fear about the rest of the list in a moment, but the global d is with usrbran from the new york stock exchange. any surprising findings in this st global brands? andou mentioned both apple google were worth over $100 billion. apple actually broke that limit last year, but i think growth this year has been astounding. -- surprisingly, gnocchi a nokia d nintendo struggling right now, so it is not a great story for all tech companies. if you look at up-and-coming brands, facebook had in 80% increase in value this

i'm erik schatzker. >> and i'm stephanie ruhle. do you have a certain amount wrist? >> i don't. >> i don't either. mattress?have aserta >> i don't. but i don't either. at -- >> jpmorgan had surprised increase in fixed income trading. jpmorgan did set aside one billion dollars for future expenses, and the bank is spending more money on cyber security and regulatory issues was up earlier on bloomberg surveillance, andrew albertson mess is no reason to discount jpmorgan. >> we are watching the movie too fast. this is a slow economy. it's been a slow recovery. everything is falling in place in terms of bank land. we've got the loan cycle picking up, broadening as it should. the first thing i look on the morgan release is loan growth, and it's 7%. that's not shabby. >> meantime, jamie dimon is back after spending eight weeks being treated for throat cancer. he said he plans to resume international travel. and citigroup, the nation's third-largest profit beat estimates. city announced plans to get out inconsumer banking, mostly small ones like el salvador and guam. in the

>> live from bloomberg headquarters in new york, this kers" with erik schatzker and stephanie ruhle. >> a slamdunk. madison square garden wants to separate to take advantage of record prices for sports. >> wal-mart thomases to buy an extra quarter trillion dollars worth. upwill see if they're living for their pledge. high-end haunted houses. how to scare the devil out of people for fun and profit. >> good morning, everybody. you are watching "market makers." >> i feel like a bobblehead. >> you do have a great tie on today. >> moving on, taking into the bulletin because we have so much to cover. the top is no stories of the day. investors are hammering twitter. shares down more than 13% in early trading. slowing user growth. it has fallen for at least a dozen quarters in a row. increasing the number of users is the number one priority. i think we could've guessed that. he says he wants to make the audience the worlds largest, even bigger than facebook. today speaking with him right here on bloomberg television. madison square garden. putting the sports team and cable network and one c

with erik schatzker and stephanie ruhle. makers."ay i have to sit next to a canadian and it is freezing. finally we have got to get. >> there is a reason we are dressed like this. marmot, mr. of yankee coleman grills, candle, dozens more. for a look at the strategy behind this diverse portfolio of products and brands, the ceo is here. >> thanks for having me. >> the question everybody asks ,hen they come to jarden is explain the crazy quilt of brands. lines, yankee candle, how does it all go together? thet is about leveraging channel for the consumer. having relationships with retailers and bringing a sister company to a new marketplace to help them grow their business. >> you are marketing and merchandising experts. >> look at that cute little thing you got. >> stephanie is pouring herself a mason jar. >> is our draft mark system built with inbev. stephanie is using a jar from our home canning business that we have modified to be a beer mug. makes mason that jars, do they make the canisters that a yankee candle does in? thef you thi

i'm erik schatzker, with my partner, stephanie ruhle. for quite a long time, don't you think? >> think about the job he has had, the crisis has told bankamerica through. he is able to get himself at the varsity table with jamie dimon, james gorman -- >> that is why i asked him. so many people said you're not going to make it. are you ever surprised that you did? >> again believe you said he has the best job in the world. breathingave the doj down your neck and shareholders who don't want to see you get paid the big dollars, there are days where you got to say i wish i was running a hedge fund. i think. >> we will come back to brian. oil becauselk about it's in a bear market. gas prices are coming down as well. that is dividing some relief to consumers. which businesses feel that tailwind from lower fuel costs? scarlet fu is here to talk about the winners. about crude oil and gasoline, it is not a one-on-one relationship when crude falls. it's much more elastic a price rise when the prices are going higher. it's not the case when prices a

that doesn't help the fact that you need someone to step up and no one is doing it. >> stephanie ruhlee this afternoon. thank you so much. u.s. retailers are looking for a boost in positive pr. a new report suggest retail wages are highly competitive with those in other industries. yang yang is in washington. this is the first time in love people that a lot of people are hearing that retail jobs are paying well. many of these jobs are minimum wage. what is the catch? >> the catch here is the report actually leaves out those low-paid workers. the research was released today by the retail federation, conducted by the university of georgia. to get an apples to apples comparison of retail pay versus not retail pay, the only focus -- they only focused on core retail jobs. disproportionate number of part-time and temporary workers that aren't as common in other industries. they have been significantly skewed. the report found that retail workers earn an average of $2582 per month. the permanent full-time retail workers between 25-54 actually made slightly more than it nonretail workers of th

our marketurn to makers anchor stephanie ruhle who has been at the robin hood conference. j cruz at ceo. withd exclusive sitdown the founder of formation. you just left the stage. you and eric schmitt, two leading minds in the tech world. what was your biggest take away? >> i have always tried to look up to eric schmidt. similarto do something to what google did. it's extraordinary to see how he can take that culture and build what he has built. a lot of our friends right now compound from google. our building is an intersection of old industries . >> isn't there an argument to be made -- the idea of disruption is great. unless you truly knew the product, is there a bubble? is silicon valley trying to disrupt businesses they don't understand? >>'s people from the outside that come and change it. building government technology, but we had lessons from companies on how to apply -- you come in and you figure it out. you have said before that what silicon valley can do is solve some of the problems businesses face. >> the way they are running these industries is not very smart

i am stephanie ruhle. >> i am scarlet fu. erik schatzker is out. this is what happens when you're out for two days and you spend the time speaking to the world's greatest hedge managers. natural -- national talkshow host dave. >> we just made that up, didn't we? >> tom keene did not give you a gift? let's get to some news. are the top global stores making business around the world. another sign the labor market is getting stronger. your americans filed for jobless benefits than at any time in the past 14 years. a worldwide airbag recall is getting bigger. nissan is the latest manufacturer to join in. they are recalling a quarter million airbags linked to deaths. seven point 8 million vehicles have been recalled in the u.s. for faulty airbags in the last two years. the airbags were made by a japanese manufacturer and earlier, gm said that it had put its issues behind it. the issue being faced by the industry is something that we addressed earlier this year when we first encountered the issue, and then looked across all of our products. while it is m

stephanie ruhle and air schachter -- and erik schatzker.two minutes. ♪ >> time now for the global outlook. president obama will receive an update today on the fight against the islamic state. us-led airstrikes so far failing group'sthe sunni advances. peter cook it at the white house with more on the meeting. to discuss.lot the latest news is not exactly encouraging on these airstrikes. >> that's right, betty, they do have a lot to discuss. things are not playing out exactly as hoped here at the white house and some of those other foreign capitals. they have slowed the advance of the islamic state. they have forced the militants to take -- to change their tactics. they have taken out their oil revenues to some extent with the airstrikes, but have not stopped the full advance in places like iraq and syria. province, forr example, -- anbar province, for example, and they are within 20 miles of baghdad itself. they are threatening baghdad with car bombs. and in syria, you've got islamic state militants close to taking the town of kobani right

i matt miller sitting in for erik schatzker and stephanie ruhle.io draghi says the ecb will buy bonds and asset-backed securities for the next two years. they have already cut interest rates to record lows. maker of angry birds can't seem to find a follow-up for its game. they plan to cut 130 jobs. it admits it is not growing as fast as hoped. angry birds was one of the first success stories in mobile gaming. maker has, the game fallen behind candy crush and clash of clans. oslo has told the international no thanks.mittee, it is the latest candidate to pull out of bidding for the 2022 winter games. -- government says there is not enough public support to spend the $5 billion. the ioc calls it a missed opportunity. areprotesters in hong kong calling for the resignation of the city's chief executive. they are surrounding the government headquarters. leaders of the movement said they are open to talks with the government. that have retailers flooded hong kong in recent years are hurting. this could really not becoming at a worse time considering the g

we will have much more in a moment. ♪ "market makers," stephanie ruhle sits down for an exclusive interviewrk parker. they will talk about expanding the apparel business. staying with the focus on retail , another stock we are watching his target. year,the hack attack last they determine to turn the holiday fortunes around with free shipping and other items. customers have moved on from the breach. investors have not. shares are still down. a retail bring in veteran who has attempted a turnaround strategy of his own. the former ceo of loman's. it went bankrupt last years. he served as president of eddie bauer and brooks brothers. are you glad you are out of it? >> it is really hard. there is so much going on around you. there is competition from every which way. there are people always at your back door trying to take over, some of the gains you have made. when you love it, you love it. the challenge is always fun, i guess. >> fun, indeed. and adventurous. target is going into groceries. they are now saying, we are going to offer you free shipping, digital advertising, fake fur vests, hands

stephanie ruhle sat down yesterday with billionaire activist investor carl icahn.see the entire interview that will air on 11:00 a.m. and 2:00 p.m. new york time on both saturday and sunday. stay with us. another check of market movers on the other side of the break. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and bloomberg.com. that does it for this edition of "bottom line" on bloomberg television. i am mark crumpton in new york. see you tomorrow. ♪ >> it is 56 past the hour which means bloomberg television is on the markets. let's get you caught up on where the stocks are currently trading. gains.season morning we are reversing most of that. for the500 did rally record straight days. four/10 of 1% right there. almost half of the losses from a selloff that began in mid-september. joins us with a look at what may have triggered essentially a rebound that we were seeing, although with the exception of what is happening in today's market -- >> last few days. we have kind of given back a little bit, but there is

i'm stephanie ruhle. >> and i'm matt miller, in four erik schatzker. were going to take it away with the european markets -- >> i give you a chance to introduce yourself. earlier today, our own michael was talking about how strong the u.s. economy is. the question is -- does that matter? can the u.s. economy exist in a bubble with lots of cash on corporate balance sheets, jobs looking good? just across the pond in europe, china, japan, we are getting negative data, and we need to talk about what that means for the overall market. i want to bring in the crew -- an economics professor at dartmouth college and former member of the bank of england's monetary policy committee and also with us the chairman, founder, and ceo of gray let capital management, and our economics editor is in -- also with us, the chairman, founder, and ceo of capital management give us the number one take you got out of jim bullard. >> it's interesting -- everybody is focused on the idea of pausing the taper, but my biggest tape away -- take away is he is still calling for the fed

fine dining with stephanie ruhle.d busters raise money for million dollars in its ipo last night. people are finding value in the stock. up 12.4%, which is pretty remarkable given the environment in which other stocks are traded. know who finds value in dave and busters? my sons. a media mogul. chattanooga,from tennessee, in 1956. >> live from bloomberg headquarters in new york, this is "market makers ergo. >> welcome back to "market makers." it is friday morning in new york city. could be better. the world's largest alternative asset manager is turning its advisory business into a boutique investment bank. the blackstone investment group will combine with pgp partners, and spin it off to shareholders, dynamic forw greendale. let's talk about it with jeff mccracken, bloomberg's manager for -- managing editor for global m&a. --m kind of figure out where whether blackstone is spinning this off because of the conflicts inherent between investment and advisory work, or the fact that boutiques are getting more and more of

erik are happily in for schatzker and stephanie ruhle today.k about the surveillance economy. wherever you go today, you are being tracked somehow. if not my phone, then by cameras that are becoming more and more ubiquitous. over the weekend, the nta in new york announced it is buying 1000 cameras to install in subway stations across the country. pimm fox was thinking about some of the implications of this. could it be more ubiquitous? >> i'm not even going there. >> either it ubiquitous or it's not. >> yes. here is the launching pad for all of this. the metropolitan transit authority, which is in charge of the subways and buses, has announced that it's going to install 1000 cameras in subway cars in order to monitor the behavior of what goes on in those subway cars, specifically things like sexual assault. and it got me thinking about the idea of cameras and the ring of steel that exists in london. i think there are something like london,,000 cameras in one million in the actual environment. track all ofng to these kinds of things, what kind o

ruhle robin hood investor conference. let's talk about cash. ruhle.ahn, stephanie stay with us.t is "bloomberg surveillance" from new york city. good morning. ♪ >> good morning, everyone. "bloomberg surveillance." tom keene, scarlet fu, and brendan greeley. his arts education as important as math and science? thank you for that. we need to hear from you. as importanttion as math and science? i was thinking about this last night when i was playing piece in d minor. lang on the future of classical music, on piano lessons in his country of china. >> i have a morning must-listen. brazil'st of presidential elections on stock. >> every time the poll numbers go up, petrobras stock goes down. time -- the problem is, it is tied to dilma. there are number of estimate -- of scandals surrounding the company. we are just not sure even if neves win he will be feeling warm and fuzzy. that, thed all economics are so poor at petrobras, we really call it a scheme, not a stock. >> michael levi, this is something you understand a lot about, oil and politics. the associate has always been, watching

but up next, we have bloomberg's stephanie ruhle, who will sit down with carl ichan for a look at whattan is betting on and against right now. ♪ >> welcome back to a very special addition pit we are at the robin hood complex. >> lets start with interest rates. in this environment, how do you see this. >> in my opinion, the fed is holding the market up. we keep a big head john. it is concerning. the fed turn this market around because it let it be known that the rate is not going to be raised in march. you have to be concerned.

joining me now is stephanie ruhle. >> i spoke with him a few days ago, here is what he specifically hadt even want to put $100 million into it, but it is a complicated thing. you cannot have the union contracts, because there is no money. the company is out of money, but they do not want to believe it. in, andut $100 million just lose it. even if you did not pay interest, it is losing $7 million, $8 million a month, we cannot have that. euros the thing. tajere is the thing, the needs to shut its doors. he gave $80 million a couple of years ago to the tropicana, and turned it around. and he will give them 100 million dollars, but he has to break a local contract. of health care, the low-wage employees will get covered by obamacare, and if they close completely, those people do not have to worry about pensions, they will not have a job at all. to fightings used corporate boards and ceos. he says i fight for the little guy and the shareholder. local54, stop fighting me. twitter today, to say i will save your jobs. >> thank you. we will be talking more about atlantic city and its demise of

stephanie ruhle of "market makers." still ahead, drama unfolding in the argentine debt saga.kely player to step on the scene. ♪ >> in today's global outlook, drama over argentina debt continues. paul singer and they gang of five are fighting to compel the government to reach a settlement with them. a new player has emerged, potentially complicate the matter. attend art is his name. -- ken d'arc is his name. >> he is a very wealthy billionaire investor. an air to a company started by his father and grandfather that make styrofoam cups. he is most famous for actually relinquishing his u.s. citizenship in the 1990's and moving to belize to avoid paying taxes. he is also developing something of a reputation of a so-called ultra investor. -- walter investor. vulture investor. he has a pretty significant holding of the defaulted argentine debt. he never participated in the negotiations that argentina did to exchange their bonds for new bonds in 2010. he now has the potential to throw a wrench in this whole settlement discussion. >> he owns more debt than singer? >> it turns out tha

emily chang and stephanie ruhle be on-site site with a great lineup of guest.very communications ceo, the messagelabs ceo -- the nest labs ceo, those interviews happening at 6:00 p.m. this evening. tesla motors will put all the rumors to rest. after his tweet heard round the world, saying it was "time to unveil the d" and something else, ceo elon musk is set to unveil new technology that helps drivers that prevents drivers from moving off the road. joining us with a review is an auto industry consultant and bloomberg contributor. although it sounded a bit sensationalistic in the intro, that is exactly what elon musk wants. theou are referring to autonomous drive feature or -- >> just the fact that we build this up so much, the tweet heard round the world, how important this new model d is going to be. is it really that big of a deal? >> you are absolutely right. this is exactly what elon musk has been able to do, tesla generates huge excitement outside the traditional car audiences. one of the things he is doing is not have the traditional model your updates. i

i am stephanie ruhle. >> i am scarlet fu. erik schatzker is out.ou're out for two days and you spend the time speaking to the world's greatest hedge managers. natural -- national talkshow host dave. >> we just made that up, didn't we?

the firm increased the size of the sale from $2 billion or do something on the radar of stephanie ruhles going to change here for bill ackman? >> just going to be richer. we knew this was going to happen for quite some time. they were initially going to raise $2 billion. 2.7 upped it to billion dollars. it's amazing. bill ackman is such a controversial guy. so many people said he gets it wrong and he stands alone, but he stands alone and if you look at his track record, this guy wins. wheneal is not going to -- you take the market cap of this one fund, it's going to be $6.3 billion. total assets under management, bill is creeping up on $20 billion. he is in the universe of alan howard. >> it seems like he is rodney dangerfield. he gets no respect anymore. deal, separating fromshese -- whe tim hortons and burger king. >> he gets no respect. this time last year was the robin hood conference. i sat down with bill ackman there and said to him, bill, you chief standing alone on the other side of the trade. what are you going to do? he said, i'm going to wait until the end of the earth becaus

stephanie ruhle and i sat down with her to find out. is critically important to me because it is something that touches everyone's life. everyone goes into the hospital and sees the doctor at some point. i think the system is fundamentally broken. i think it is that the consumer is not the center of it. important thing we got done is that we've put the consumer at the forefront of owning their own genetic information using that information to take control of their health. >> a year ago you were forced to stop marketing your product. ,> we got a warning letter asking us to stop selling the product, which we have done. the fda sauce is a medical device -- saw us as a medical device. informationng out for information purposes only, and now we are more medical natured. we are now working with the fda, and we are hoping to be on the market at some point. >> dealing with the government, it can be a long time. what is your timeframe? submitted an application for one of our former 250 reports. i think it will take some time. >> you have brought

from bloomberg world headquarters in new york, this is "market makers" with erik shatzker and stephanie ruhle -- just the thought of able in america may have an impact on the economy. turn your iphone into a digital wallet -- apple pay is making its debut today and it has rivals such as square directly in its site. whole foods hopes shoppers are value voters. the upscale grocery chain is opening up a new campaign that has nothing to do with price. good morning. it is 11:00 in new york city. come aegis one her way to the robin hood investor conference. she will have some big interviews worth later today, including mickey drexler. brendan greeley is here with us. i'mnlike stephanie, except not like stephanie at all. to begin this hour with the top business and finance stories this hour. down asf ibm trading much as 5%. the company abandoned its forecast for 2014 and plans to come out with a new one in january. between now and then, everybody is scratching his head trying to figure out where the floor is. ibm has been struggling with the shift to cloud computing and the drop has dragged down the

live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> on the trail of a killer. scientists are trying to find anyone who has been in contact with the first person diagnosed with people in the united states. >> more americans get behind the wheel. new car sales soared again last month. pickups and suvs are the hottest sellers around. >> an instant classic. we talked playoffs with an all-star first baseman. you are watching "market makers ." good morning, everybody. >> what are you most excited about? >> david tepper. what else? >> robin hood and a whole lot more. it's october 1. breast cancer awareness month. we are going to be talking about it all month. >> pink. we do have some news to share with everybody. >> bricking economic news. -- breaking economic news. michael mckee is in the newsroom. >> this is one of those reports that point to go down badly on wall street because we are stuck in a situation where the premiums this previous report was so high, there was almost nowhere to go but down. we go down to 5660. are lower than we

, this kers" with erik schatzker and stephanie ruhle. >> a slamdunk.ants to separate to take advantage of record prices for sports. >> wal-mart thomases to buy an extra quarter trillion dollars worth. upwill see if they're living for their pledge. high-end haunted houses. how to scare the devil out of people for fun and profit

"marketre watching makers" on this wednesday. >> i am a very scared stephanie ruhle. >> there is goodn to be scared. .he dow is down 171 points things seem to move at a high rate. >> a high rate indeed. the s&p 500 is back in positive territory for the year. if you take a look at how the index has fared over the last hours, we did fall quite a bit. we have come back, we have bounced back. we are still down more than 19 points. industry groups are lower for the day. the movement really has been in treasuries. the 10 year yield briefly fell below 2% for the first time since 2013. not so much the concern as the speed of the drop. it is the rate of change that has everyone alarmed. the flight to safety is a stampede into safety. oil prices have been falling steadily over the last couple weeks. we know they have entered a bear market. they have held up fairly well this morning. oil prices bottomed to around $80, but have turned around and are trading just below $82. up 0.2%. when you look at the catalysts, blame it on disappointing retail sales out of the u.s., an unexpected decline, the p

stephanie ruhle sat down with carl icahn.e at the robin hood investors conference here in new york this week. the entire interview this weekend. with the spirit we will have another checkup the market movers on the other side of the break. -- stay with us. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and on bloomberg.com. that does it for this edition of "bottom line." mark crumpton reporting from new york. on the markets is next. have a great weekend. i will see you on monday. ♪ >> it is 56 past the hour. bloomberg television's on the markets. we have one hour until the closing bell. we are seeing stocks rally for the second straight session. health care come utilities helping lead from the gain. some of those companies are helping lead the gains we are seeing today. you can look at the dollar. it is down slightly today. 6% over the last month. the dollar is the place to be. joining me with a look at which etf benefits the most from dollar strength is eric, who comes to

spoke with our stephanie ruhle in an exclusive interview. >> women sports and health and fitness is not new to nike and happens to be one of the most vibrant and fast-growing parts of our business. >> markie is -- nike is hoping to increase the billions of dollars a gets every year from women's apparel. thestor carl icahn says apple shares he owns should be trading at double the price. here he is talking about tim cook -- >> i think he is one of the best. >> wife to best -- because he listens to you? >> i do not think he listens to anybody. he listens to himself. i met him once or twice, i watched him, and he is what silicon valley should have. hn is asking for a bigger share buyback than it already has that and microsoft has a new cloud computing partnership -- ibm is trying to boost revenue after reporting a 10th straight quarter of falling sales. it also gave up on its five-year earnings goal. brad, back to you. .u.s. technology companies are making a new push to improve relations with china. tim cook has been in beijing meeting with china's vice premier. hackers that chinese have ta

emily chang and stephanie ruhle will be live on site at vanity fair with a great lineup of guests, includingmith, ceo and cofounder of vice media, and the former ceo of viacom. 3:30 newrview is that york time right here on bloomberg television. american banker has released its 2014 edition of the most powerful women in banking. that is the october issue. the president and ceo of citizens bank in admin is among the 25 women to watch. she joins me in the studio. thank you for your time. we should mention, edmond, oklahoma. the bank said its own course since you have been in charge. you have embraced new technology. however customers reacted to that new technology and has it helped you compete against the bigger financial institutions? >> our customers are fortunate to be in a community that's very technologically savvy. they have a great demand for us to be innovative and love to connect with a community bank that's going to push the limits. we have to maintain our regulatory bubble and maintain our soundness and not be too creative with some of our projects. but we can be creative and we have

my name is stephanie ruhle.hang is inside, sitting down with more of the influencers like i will be in a moment. for now let's take you to the top news and media headlines. here's pimm fox with more. >> thanks very much. the stock market got hammered today, wiping away gains from yesterday's rally. the dow, nasdaq and s&p 500 falling about 2% as the market was hit with the most volatile stretch since 2011. energy stocks were hit partar

mobile.e first of the summit continues with stephanie ruhle and emily chang. they will be live from san francisco later on this afternoon. . has rattled investors. shares down as much as 9% in extended trading. gap said it would replace ceo glen murphy. he will be replaced by president of gap's innovation and digital unit. >> i'm not surprised. the store is appalling. boring, boring, boring. >> i don't have bowties. >> it is back to basics. >> those are the top headlines. >> olivia sterns has not been a gap. a >> back to basics. >> back to blue. >> boring. currencies,nds, commodities after yesterday. adam got whiplash. futures up 5. yields are stunning. from 2.43 to 2.29. euro stronger, hydrocarbons churn. from 17 to, vix 15.11. jaw-dropping.s 0.50+ towl to the brim, carnage.tunning ready to makeyear record lows. let's go to the bloomberg terminal. the red line is japan, back 20 years. below yields, life is terrible. here is the animal spirit of europe to sending. this is where we are, the japan verification -- this is where we are, the japanification of europ