tom keene is in dollars, switzerland. st for the aisle is -- for the hour is craig moffett. tom, we want to get to you, first of all. you had a late night at the piano bar? ofholding up ok, the start 220 -- two 28 hour days. outlook herequity with the owner of the celtics, butets a lot of visibility, he is here less for basketball and much more to capture the relationships and transactional energy of a busier 2013 for private equity. an interesting interview with someone looking global, coming up. >> all right, we will rejoin you shortly, but we need to get the setup for the morning and mike does that with the morning brief. >> a big move this morning in the british pound after bank of england notes show that they do not need to raise interest soon. toay their trigger fell 7.1%. no change in the bank of japan's monetary policy either. backers,rtgage mortgage applications are up for third week. earnings ahead. we are waiting on motorola solutions from freeport mac moran, general dynamics, and netflix. out the window you wil

tom keene is joining us from davos, switzerland.e just spoke with michael dell, the ceo and founder of dell. also, david kurt after. ibm has served -- sold its server unit to live at novell. you wanted to get michael dell's take on them. here's what he had to say. >> there is a trend of consolidation. we have been gaining share in the server space and the client space. we got our pc tablet business growing. we're doing that and servers. you see consolidation. this is another form of it. switching from the client only to client and server is a fairly significant shift in terms of the sales motion and the process in the company. they will have some challenges. >> michael dell with david kirkpatrick. we will have more of that. brendan greeley, what i thought was fascinating was that he still believes in the hardware. when you hear a guy like him talk about the new software and about hardware, is that believable or is he just talking his book? >> when you see ibm selling their server business to lenovo, it is clear that they have become

i'm tom keene. she is back, scarlet bang -- scarlet. she came in from the cold. and cristina alesci. >> the polar vortex. i went over -- >> you went over the vortex? the whole week. >> but you were affected by the cold? >> yes i was opposed to be bank yesterday and my flight was canceled. >> time for morning brief. we have to start in the euro area because unemployment held at 12.1%. out to me andng tom is italy, the unemployment rate dropping more than expected. imf we have to go to the because it plans to raise global economic forecast. christine lagarde telling reporters yesterday in nairobi, kenya. china's gasoline exports may rise 18% this year, according to an economic data in the u.s.. employment -- kicking off three days -- -- --less claims tomorrow >> at 3:00 p.m. we have a read on consumer credit. earnings before the bell -- constellation brands, monsanto, and after the bell, bed bath and beyond. >> let's look at stocks, bomb -- bonds, commodities. the vi x nicely under 19. nymex crude dis

i am tom keene. garlic doing cristina alesci are with me.let fu has the top headlines. >> we start in thailand. protesters are trying to shut down bangkok. they have close to major roads and intersections. they vowed to keep the blockade in place until they delay an election. protesters want a special counsel before any elections are held. universal's lone survivor is taking the number one spot at the box office. it is a film about a navy seal operation in afghanistan. it took in $38 million in ticket sales. and alex rodriguez says he is confident that his 150 two game suspension will be overturned. in an e-mail statement, he said that the deck had been stacked against him since day one. the suspension was reduced in a ruling over the weekend. >> i am not a test. scarlet fu is the yankees fan. can he come back and play? >> i do not know about the yankees, but he can play in general. >> he does not lose all of his money. --n if it's a disability >> he loses his base salary for 2014. he also misses onus is. -- bonuses. >> i do not care what pe

i am tom keene. i can't stand erik schatzker.th betty liu and talk to mark messier. mark messier has the celebrity -- >> who knew there were so many hockey fans? scarlet almost attacked me. let me make some news here. messier, nhl hockey -- he is joining on "in the loop." later.ll be joining us he will be joining us for the interview. it will be a lot of fun. >> you have to ask you about the games that will be played at yankee stadium. >> we will do that. >> i think scarlet should do the interview. in theill be sabotaged hallway. >> i think i will be kicked out. >> betty, thank you. the equity markets, we need to speak with ms. fu. >> macie's shares are rising after making announcements. they are cutting jobs and closing five stores. even though macy's did fairly well over the holiday shopping season, some cost cuts will save $100 million annually. they're looking to streamline people. >> scarlet, black friday was not kind to bed bath and beyond. they reported fiscal third-quarter earnings that fell short of analyst estimates. it

i am here with tom keene.ohn malone at liberty media has made it clear that he hopes to consolidate the nations time warner cable, the number two cable operator. there are some wrinkles in this complicate it story. every time he is involved, it is very complicated. >> he is a financial engineer. at the core, he buys himself companies. that is what he does, in the most tax efficient way possible. let's not forget what the news is. he is offering to buy, liberty media is offering to buy siri us. they already own a majority. what is going on is that he is hoping to take full control of sirius to leverage the cash flow. he wants to raise money to make that bid for time warner. that is the second-largest cable operator out there. it is a big fish for liberty media to swallow. that is why they are using charter and sirius assets. >> they have been a cash cow. they have been lucky. they bought it and watched it grow. >> cash cow for everyone but the shareholders. does he give a care about the shareholders? >> he is p

tom keene is in dallas for the world economic forum. davos for the world economic forum. >> in honor of tom being in davos, we will start with europe. sap, the big software company, shares are falling the most in six months. they're basically pushing other profitability target for another two years as companies shift to the cloud. we will have the co-ceo bill mcdermott join us in about half an hour. the u.s..rnings in before the bell, verizon, d, .ohnson & johnson johnnie john is what we used to call it. >> i said, call me johnny john? >> no, but that goes back to my trading floor days. ibm and texas, instruments. something i want to make sure everyone is aware of, 9:30, bill gates will be sitting down with bloomberg lp founder and majority owner michael bloomberg , a conversation moderated i betty liu. this is huge, talking about how to make the world a better place? how do you fight poverty? these are two guys who are in a position to do it. >> we look forward to that one. there is a storm of swords approaching, isn't there? >> i hear

tom keene is in switzerland, attending the world economic forum meetings. you had three days of parties. you look like you need to rest. >> tonight is the big yahoo! party. i could care less. my senior producer, emily, insists that she does. >> you are getting dragged along. >> i said good morning to marissa mayer. i know she is watching. boy have things changed. we will speak to john rice of general electric . of annual visit on the state induction. energy is front and center. we're in davos. and daniel juergen, together. and michael mckee, talk about ripping up the script. argentina and the emerging markets are front and center for everyone in doubles. >> in terms of emerging markets, a lot going on. we will talk about that in a moment for it let's start with energy. it is 11 degrees in new york. natural gas prices are heading for a fourth day high. the biggest weekly gain since 2012. meteorologists predict temperatures will remain below normal through the end of the month. it will be cold when you get back. not much else going on. we do have some earning

i am tom keene. of the baby boom generation -- scarlet fu with me and cristina alesci with us as well. is with us.e author of "the baby boom: howard. that way, it wasn't my fault, and i'll never do it again." > you canf the few times claim you are young, tom, because you are part of the younger class of 80 boomers. inflation unexpectedly slowed in december. england'she bank of two percent target for the first time in years. climbed and here in the u.s., congress unveiled a $1.1 trillion measure to fund the government through september 30. nfib small-business optimism and at a quantity we get retail sales. 10:00 a.m., business inventory. on the earnings front, jpmorgan just out. >> we have a one dollar 30 earnings-per-share. revenues coming in less than expected. $23.2 billion. analysts were looking for $24 billion. a lot of items to get through here. they helped to push the share up -- earnings-per-share up, i should say. manhattane chase added about eight cents to earnings. 5 items.is my head is spi

i am tom keene. good new year to you. it is bloomberg "surveillance." ♪ >> he is the most interesting man in washington. i am kidding but i am not. an interesting guy, gene sperling, national economic counselor direct their. politically based. always interesting, controversial. on at 8:00. >> you are watching bloomberg "surveillance." i am erik schatzker. this was my christmas present. i get to go coast surveillance or two days in early january. >> i just want a mapleleaf jersey. very cool. >> we have to talk about the affordable care act. health care coverage begin yesterday. millions of people have signed up. it will cost you something. payment is due. some insurers are extending their payment deadlines into january. phil mattingly is in washington. sort one thing out before we get to the pavement. how many people have health care coverage now who did not before? >> the administration pointing to two point one million people have signed up through the federal or state exchanges. we're not sure how many of those people h

one of the best conversations of the day, tom keene live in davos.ou have a very special guest. >> good morning to you. good morning to everyone worldwide. at, chiefannual visit executive officer of cisco. forget about the stock price, he can't talk about earnings. front and center in the buildout worldwide of all that stuff behind the magic we do. it is early in the morning in davos. it is the perfect time to speak the smart play solution with fabric interconnects. that is your world, isn't it? >> i think you said everything the audience wants to know about that. >> you were talking about the buildout where you have become the key player of the infrastructure of the internet. what difference now versus five years ago? >> everything has changed. every device in the world is going to be attached. in 1984, there were 1000 devices attached to the internet. today it is 10 billion. there are 10 billion applications, 10 billion devices downloading 77 billion applications. this internet of everything where it ties together every device in the world will cha

. >> tom keene joins us from new york with a preview. >> we are looking for swans.ught those comments were most interesting. on 3% plus.tein he would suggest optimistic. half of that crushing jobs report on friday. we will look at the banks. a numbers person on the bank will join us -- nobody does ratios onto big to fail wall graseck.ke betsy also, i have no idea what i am talking about. fortunately, --rlet fu is my celebrity here is what i can tell you. hot.fey look top -- looked that will be a big topic this morning as well. >> that is the headline morning -- of the morning. big on the very amazon son. n.h em -- emma thompso they have been announcing big numbers this morning. the ceo of airbus. , what i look at airbus find interesting is that the planes are beginning to merge. one used to be metal in the other was composite. they are both the same. we will see where that goes. coming up in 2014. we will talk to him about the ongoing airline battle. >> see how many of those he will sell this year. thank you very much indeed. tom keene joining us with the "surveilla

i am tom keene. with me today, cristina alesci. their team degreesout cap g -- 13 out? lanced resume flights at 10:00 this morning. they shut down the service late yesterday to cope with delays caused by the weather. overall airlines have erred he canceled more than 1400 flights today due to the cold. workers at general motors, ford and chrysler likely to see record profit-sharing checks. they could see a $600 boost to profit-sharing checks that average more than $8,000 last year. this comes as all three automakers are posed to post higher earnings in north america. ceo telling jon erlichman that the company will go back to offering their keyboards rather than the touchscreen on the other phones. refocusing on the corporate and government customers that fueled the early success. that is today's company news. lex a lot of people happy that black hairy sticking to its roots. the weather has been a pretty serious issue. a familiar scene in airports this week. long lines stranded passengers. one airline also blaming new highlight rules

i'm tom keene. scarlet fu and alix steel with us as well. it is super bowl morning. -- super bowl morning brief. taking a look at euro area inflation am actually hit 0.7%, below half of the european central bank target in january. some eco-data here in the u.s.. 8:30 a.m., personal income and spending, 9:55, university of michigan confidence and earnings -- simon property group, mastercard, chevron. chinese new year. untile markets closed friday, february 7, which means they won't be buying gold. beanywhere you go there will a lot of chinese tourists because they have the entire week off. >> a year of the horse. year of the doughnut? that is every day for you, tom. not a year. >> wow. check.s get a data dunkin' donuts, krispy kreme -- a straight data check. belowr yield, breaking 2.67%. a lot of them -- inflation dynamics in the debate over the weekend. the euro well under one point 36. the next screen showing emerging-market stability. -- ok, i will call it midpoint. weaker. is a and you can see the stability .gain and gold, stable we scour

i am tom keene. with me is scarlet fu and alix steel. ing tom with a thing over my mouth and china. >> we cannot hear you. >> the air in beijing is surprisingly good this winter. >> what is good? give us some perspective. winter, no one could breathe. this winter, we can breathe on some days. >> how wonderful. >> the idea here is that the u.s. is importing a product from china, pollution. there is a study that shows pellucid from china has -- pollution from china has made its way to the west coast, contributes to smog in los angeles. china is rethinking its reliance on coal energy. everyone else in the world is feeling it. tom, when you look at what is going on in china, my question companies want to send people to china to take advantage of the growth. expats are not going because of the pollution. does china face the risk because it's local talent does not want to live in china? >> that is a risk. the aspiration of lots of young professional chinese and lots of chinese graduates is to come work in europe or the u.s. a large part of that

time,20 minutes' "surveillance" with scarlet fu and tom keene. looks a little chilly. i was going to say scarlet fu is warm, but with the weather in new york that does not apply. cold in new york, another polar vortex. i was staying in midtown manhattan to prevent transportation staff is. i stayed at the marriott. that is coincidental, tom will be speaking with the ceo of ,arriott international in davos sorensen. marriott just open a new location in midtown, the tallest building in new york city, 753 feet. tom will be speaking with them. also, tom will be checking in the steve, a giant in private equity world from bain capital. he is a co-owner of the boston celtics, one of the big nba teams, most valuable franchises in front basketball. >> quite a show. "surveillance, coming up with tom keene and scarlet fu. we're not finished with "the pulse" yet. what have we got coming up? rich arewerful and here in davos. the most secure hotel. the only hotel with its own helipad. no getting in and lets you are invited. hans nichols was invited, looking insi

is up next, live with tom keene. tomorrow. he getsll see how greeted by the u.k. citizens.f us on twitter. guy is @guyjohnsontv, i am @flacqua. ♪ >> this is "bloomberg surveillance." >> the federal reserve ignores disruption in emerging markets, russian and turkish currencies we can. facebook report an outstanding quarter as google jettisons motorola to lenovo. scarlet fu will watch the football game but i watch the ads and i cried when the big forces make an appearance. i just love it. >> it's ok. >> it's great, good morning, everyone, this is "bloomberg surveillance." it is thursday, january 30. joining me as always is scarlet fu and alex steele. >> i am totally pumped up about the football game. hadhe empire state building seahawks colors. i i will be in arizona so will not have the pleasure of being in new york. >> a lot going on today -- a lot in the company area. we will look at the emerging markets throughout "lumbered surveillance." china manufacturing showed the first contraction in six months.

let's have tom keene. -- wti trading higher. , has tom in of that running the heating oil? >> venice, thank you so much. in just 20 minutes, surveillance with tom keene. he joins us from new york with a preview. >> we are looking at 31 degrees in new york. let me come over here and click that centigrade. negative one centigrade in new york. manus is right. it is balmy. we have a little bit of warming up this morning. we are going to warm up in luxury goods. we have a man from saks fifth avenue. we will talk about that aspirational idea. of course, it is job state. we will talk to one of the great optimists of the american labor economy, john herman of mitsubishi is adamant the unemployment rate is going to come down fast and furious. we will talk to john as well. very excited about that. our chief economic correspondent will join us as well. >> looking forward to that. the big jobs data, the one the fed will be watching and the rest of the world will be watching. that is later on. tom keene and his team wi

i'm tom keene. let's get to data check.es elevate a little bit, down,f the glidepath scarlet fu has our gainers and losers. ,> a big gainer in yesterday's tesla. tesla saying that it delivered 6900 model s's in the fourth quarter after predicted it would back in november. doing better than targeted. the video game retailer cut earnings forecast because of lower than expected of games as it sold plenty of hardware. the ps for and the microsoft the shelves. off >> your kids did not get one, obviously. >> no, i'm withholding favors right now. >> good for you. every home should have a $3 billion bet that google is making. you need a smart thermostat, a smart smoke plus carbon monoxide alarm. the author ofs "big bang disruption." also joining us, paul sweeney, u.s. director of research at bloomberg industry. the speed that you talk about of the new new in technology. how does google try to keep up with the new new? >> it is a lot of investment in engineering, but it is also looking around in the valley and seeing who is doing wh

tom keene with surveillance and 20 minutes.y for super bowl sunday. >> the advertisers are getting ready for their 30 seconds of fame. what is it worth? we will discuss with the cofounder next. ♪ >> welcome back, live from london on bloomberg tv. >> many will tune in for the game. a lot will be waiting for the all-star commercial and up. a 32nd commercial will cost a whopping $4 million. >> are they getting the most bang for their buck? it is great to have you on the program. we are talking about this compared to the football we play in europe. >> with our feet. >> it is a phenomenal amount of money. the symbol is special in many ways. there are not many events that bring you over 100 million people. .t is a highlight you get quality of attention. pilar not just watching your ads by accident. people tune in to watch your ads. are they specifically tailored for this event? there is some creativity that plays ao an ad that hundred thousand times is never going to be? >> it is an opportunity to activate the audience that is mobile

i am tom keane -- keene., erik schatzker and cristina alesci, our guest hosts for the hour. hour, guest host for the it would kirkpatrick is here with us this morning. he appreciate his snowbound attendance. you were brave. you are here. brief us right now. >> we have our eyes on the snow overnight, causing major problems with money for anybody trying to get anywhere, including thousands of flights. >> jfk closed. >> jeff k closed when yesterday and today. major highways shut down. down.i.e. is shut we will see if that opens on the economic front. get isn numbers. car sales figures, and at the end of the day, we get the aggregate number from the government. we have to note that ben bernanke is speaking at 2:30 today from philadelphia, and they expect about four inches there. >> rob carolyn will be giving you perspective worldwide. this affects you worldwide with a lot of airports. erik schatzker whether the blizzard as only a canadian can. boeing determines the bulk of its new 777x jetliner. a contract extens

tom keene with surveillance in 20 minutes from now.ake a look at how european markets are trading. manus cranny is that the touchscreen with more. >> just jockeying between rising and falling, london him of the year of reality, or is it the year of higher rates? by march of next year, you're going to see u.k. interest rates at over one percent. that is a fourfold rise in rates . that is what is being bid on here in the u.k.. services are expanding for the fifth straight month around europe. not everyone is equal. u.s. futures have gone from a negative opening indication to just getting into rising market. s&p 500 at 1827. you also get isam nonmanufacturing in the u.s.. nonfarm payroll is 195,000. that is where the market really contents. the dollar trades just off a four-month high. guy, back to you. >> manus cranny our markets editor. whenever you got coming up for your? darron burke's chief economist joins us after the break. urg chief economist will be with us after this break. ♪ let's first. bloomberg. >> welcome back. you're watch

tom keene is in switzerland, attending the world economic forum meetings.ee days of parties. you look like you need to rest. >> tonight is the big yahoo! party. i could care less. my senior producer, emily, insists that she does. >> you are getting dragged along. >> i said good morning to marissa mayer. i know she is watching. boy have things changed. we will speak to john rice of general electric .

i am tom keene in. -- i am tom keene. a lot of going on. >> happiness on the high street. the u.k.d up the recovery that retails rising more than forecast. in fact, you a lot more than forecast. anonymous nine percent surge in department stores during the holiday season. if you want cleaner, it will cost you. boehner protection could cost

surveillance," i am tom keene with garlic feel and olivia sterns.ines. >> the head of a motor company bangkok, he was managing director of the indian automaker and had been leading efforts to turn the company around, shares of tata last 5% on the news. americans relying on food stamps. in the past, it was the elderly and children who were the main recipients. but high unemployment and assignment wages have led to working households seeking food stamps. graduates from the top mba programs have seen pay soar. salaries have already doubled for the class of 2010, alumni from stanford and harvard drew the highest salaries. those are your top headlines. >> single best chart, we could have a single best charts. >> you just came back from europe, olivia is headed to russia. of travel.honor new york city airports are like third world bus depots. when you compare them to their peers, this is from global gateway alliance. it shows where the new york city airports rank. the highest rated airports are tokyo,, like haneda in zurich.in seoul, lowest capital was th

i am tom keene. a lot of going on. >> happiness on the high street. the u.k. summed up the recovery that retails rising more than forecast. in fact, you a lot more than forecast. anonymous nine percent surge in department stores during the holiday season. if you want cleaner, it will cost you. 4%hner protection could cost to 30. housing starts, building permits, they are expected to climb a little bit. industrial production is supposed to be up. at 10:00 a.m., the university of michigan confidence numbers. how my doing? >> these are important numbers today? >> if they are good, that can build on the idea that the jobs number was an aberration and that the economy is moving along. looking backwards, not forwards, we will be getting earnings. everybody watches ge as an economic oh other. at 7:15, they out last of the big angst. senator -- big banks. senator tom coburn of oklahoma will be leaving the senate. he is also on the banking committee overseeing the fed and on the intelligence committee. he is

"bloomberg surveillance," i am tom keene.tters now, jeff corbin, ceo of casey sa strategic communications. toothpaste. facebook'smage, image after their failed ipo. pr is way different. everybody knows that from jeff corbin. differently, show the immediacy, there is a new new. >> sure. >> what is your recommendation to all our viewers about how to react given the speed of digital? >> as i said before, speed is important, but deliver it -- but erateness is more important, before you act, think about how that will impact you. everything you say will end up in the social realm. >> maybe a guy in a gray suit asking a question is dangerous, us, it is anley cyr adult age, pr has to give a response -- >> it has to do with the fact that if you understand business and the seriousness about what you do, you need to portray that. in written communication, television, marketing. it is all a compliment, people are looking at all incidents. >> what do you do for anybody when they screw up the generally, put out and ugly twet, et, snapchat

michael dell sat down with tom keene and david care patrick in dave -- -- david kirk pat trick in davoszerland. >> hardware is important and it is shifting to new areas in servicing and software and these are areas we invested tremendously and done 30 acquisitions in the last five years and built $21 billion enterprise business in these new areas and certainly as a private company, we're absolutely intending to, you know, focus more on those areas. >> david, before you jump in here with some questions for mr. dell -- >> when are you going to let me? go ahead. >> but please, the michael dell ad on television now is a home run deep to left field where you went back and you went back to where all these companies -- >> it's beautiful. >> actually started. >> it was an inspiring ad. >> i had goose bumps. >> i wouldn't say i cried but it is a good ad. >> i appreciate that. >> going to the shape of the evolving p.c. and computer industry, what do you have in your hand and how significant is this kind of device to where it's all going? >> i have our new eight-inch tablet. our tablet business --

our own tom keene, helping us break down for you what is going on in davos . >> when we come back, why it so hard for big pharma to develop new drugs? that is next on "market makers." stay with us. ♪ >> you are watching "market makers" here in the swiss alps. we're at the world economic forum. steve schwarzman, the ceo of -- thank youd now for spending some time with us. his is not a bad place. do you feel better about the prospect for 2014 then 2013? >> absolutely. last year, we were dealing with the comparison. we have the patent put behind us. we have a pretty robust headline. we have one of the top five pipelines in interest-rate today. >> talk to us about specifically, people tend to focus on individual drugs. they get excited. certain drugs have a lot of promising given markets. there was a drug that you hoped to use to gain a fair amount of share. the multiple sclerosis business. it was rejected. how much of a letdown was that? >> it was not a total surprise. actually created a contingent value and recognized that it would not be an easy thing to bring along to the market. this

i'm tom keene with michael mckee and scarlet fu. top headlines.n egypt, after two days voting, the constitution the fourth by the new government, approved by more than 90% of the voters, a big victory for the military and his plan to restore democracy to the country. part of entry elections will be next. new car sales in europe surging 13% last month, the biggest monthly gain in a must for years. give credit to price cuts to the automakers. here is why it is important. even with a december game, auto sales in europe fell 1.8% last year. the lowest in 18 years. baseball has its first $200 million pitcher. him toeles dodgers sign a seven-year, $215 million deal. the 25-year-old left-hander has already won two cy young awards. he made his debut with the team at 19. it was the same day willie mays contract150,000 other years ago that people thought was astronomical. kershaw will pay more in taxes than willie mays made. >> it is very cool. he is a fantastic -- it is fantastic to see him. the dodgers have been doing well. the yankees? is a soap opera. o

tom keene knows a thing or two about fashion and joins us from new york. >> do i look edgy today?ok for when i walk the bloomberg quote surveillance" -- the "bloomberg surveillance" catwalk. >> pink tie. >> stripes and all that. we have the ecb and the bank of england announcement. boredom expected but never boring, perspective from vincent reinhart of morgan stanley. a great thinker about central banks and monetary policy. those important european decisions. and then he will take us forward to tomorrow's american jobs report. a big surprise yesterday, better than good adp report. everybody shifted up on that aen goldman sachs with cautious outlook, ramping up their view for nonfarm pay rolls. is still out in las vegas at ces, we will go there and look at t-mobile, samsung, other stories. -- a lot more centered around a bridge too far. it up or in the u.s. -- an u.s. about the george washington bridge. this bridge spans the hudson river from northern manhattan over to new jersey. i will guess it is 2 miles. i will have to look that up. a big uproar about the bridge and the governo

i am tom keene. our guest host is with vevo. they are like youtube.be a content company as well. when you look at this, everybody wants to do content. how was vevo going to be different? >> we're just getting started with music videos. it is not about collecting them and having them. it is about what you can do on top of them. they build a tremendous audience. showse can do is create about fashion, style, beauty in music am of food, travel, music, live concert events -- a lot of things we can do that are true to music, authentic to music. , where is the proven audience for that? you have nailed it on youtube. you have become the new mtv. >> people want to watch videos wherever they want, whenever they want. we want to be on every apple tv, every xbox him every ipad, every device. o intot to put vev angry birds. >> when you look at the making of content, what are the worst practices you want to avoid from the mainstream media content makers? >> making great content is hard. telling a story that everybody can relate to and connect with is difficult. eas

tom keene with "surveillance" in 20 minutes. a big difference the yacht.ed earnings and the board meeting to discuss details of the merger with chrysler. what we can expect. plus, the first interview with deutsche bank co-ceo later today. executives meet today in frankfurt. looking at live pictures from the event. ♪ >> welcome back. fiat out with results this hour. chrysler out with results. fiat -- profits of missed estimates. chrysler is just a with numbers. -- 14.6.dity number sergio marchionne plan for the newly combined companies are what we now await. that liquidity is important. that is the catch valve. >> that is critical for fiat's future and for chrysler. >> fourth quarter missing estimates. analysts were looking just over one billion euros. they were looking for 4.2 billion euros in trading profit. fiat is having trouble selling cars globally, in particular in latin america. chrysler has been driving things with the jeep cherokee doing really well. >> it is interesting to look at that liquidity story. sergio marchionne is recommending to the boa

maybe that awaits. >> tom keene of "surveillance," about 20 minutes from now.speaking to ayman asfari, head of petrofac. we asked him how the year has been for the u.k.'s largest oil company? demand willas continue, driven by demand in emerging markets. -- theretry is facing is a huge amount of -- i am in the service industry, there is cost pressure. you find that everybody now is talking about a midterm oil price, which is flat. it is going to be difficult to see how it will drop significantly. places like russia and even prices aroundeed $100 to balance the book. we are seeing more activity but it is costing more. in the north sea, we are producing the oil equivalent of one point one million barrels, we have had a 50% drop overall in production in the last decade. ut $40there will be abo billion spent, more is being spent to produce less, you are producing more and more difficult barrels. >> that was petrofac ceo, ayman asfari. coming up on "the pulse," how to escape and icy ambush/ you never thought you would get these tips. driving lessons in davos that cou

i'm tom keene. she is back, scarlet bang -- scarlet. she came in from the cold.he polar vortex. i went over -- >> you went over the vortex? the whole week. >> but you were affected by the cold? >> yes i was opposed to be bank yesterday and my flight was canceled. >> time for morning brief. we have to start in the euro area because unemployment held at 12.1%. what is sticking

up next, "surveillance" with tom keene and his team. ♪ continue to report profits.jpmorgan. bankamerica -- bank of america reports in one hour. the welcome wagon, it was a corvette stingray as barra takes over general motors. a smart kitchen, a smart ice rink in the backyard. the internet for everything everywhere. good morning. this is bluebird "surveillance. -- this is bloomberg "surveillance." i'm tom. joining me, scarlet fu, and our chief economics correspondent, michael mckee, is with us today. for then joins us entire 7:00 hour. >> the question we start off with his, what have you done for me lately. germany's gdp slowed, coming in four/10%. the euro is marching on. as of today, the legal tender, they are not accepting latvian currency anymore. the world bank raised its

. >> we had jack lew talking to tom keene. the sense is qualified optimism. but a little confusion about the numbers, the data that is coming in. that is true of china and the united kingdom. he backed away from the idea that seven percent is the threshold for eight -- an interest-rate hike. -- tom sat down with keene sat down with jack lew, his sense was we would have a robust 2014 if we don't mess up. negotiationseans in capitol hill on the debt ceiling. >> i think the u.s. economy is doing much better. we ended the year strong. we started strong, as opposed to last year, when we had headwinds from budget cuts. this year we have tailwinds. fundamental core growth rate. the challenge is to make that keep going. avoiding any of the kind of self-inflicted wounds we saw last year like the government shut and fight over the debt limit. >> what you see is the idea we are in a much better position this year than last year. no one knows, at least for the u.s. economy, white we 13 was so good. and whether these tailwinds are lasting. >> i had a conversation with inv

first bloomberg surveillance host tom keene is with us to give us a preview of next week's economic forummit in davos, switzerland. tom, there is always a theme to davos, this year it's the reshaping of the world's society and business. you write that there is always a sell-by date with these themes. so what should this year be? >> you know, it's a really great organization, the world economic forum, i have been doing this for decades. every year is different. there is a whole discussion in the back, julianna but it being old news. every year they reinvent it. this year they go big and the theme that they made months ago as you say was about transformation and big thoughts. i'm calling it this year davos profound. everybody is trying to be profound. i would bet that it will be a davos that will go narrow this year with a lot more what do we do right now about the issues of the moment and, yes, some of those are about globalization transformation, but others are just simply about the issues that you cover in washington about inequality and the challenges of capitalism. >> so we have got a

coming up, "surveillance" with tom keene. at the arctic weather. >> it is really arctic weather. it is amazing the cold from chicago and minneapolis, now all the way over to new york. boston is surprisingly warm. new england avoids the incredible cold. 1921of the going back to and even statistics for chicago going back to 1884. it is a different kind of cold this january morning. we will talk to ian bremmer about a different type of geopolitics. in economicss over and finance, but very real in foreign policy. we will talk to one of our most popular guest about the idea of 2014 and the focus on the united states and our foreign policy. one of my heroes will be on the show today. name inhousehold canada. he changed the game of hockey and change the idea the canadian could go to college and get an education before they entered the nhl. you will join us, the giant of the montrÉal canadiens. >> i don't know much about hockey and i'm looking for to the interview. at a lot of these great sportsman, there's a parallel between the way

betty liu and tom keene. ♪ >> good afternoon, everyone.ng a letter het for a wrote to the wall street journal where he compared the treatment of the affluent, rich in america to the jews by the not cease. you have read the fabulous book " garden of the beast. here are the comments and they are emotional. he would callid attention to the parallels of fascist not see germany to the war on one percent. on theprogressive war american one percent, namely the rich. an exclusive interview with mr. perkins. were you surprised at the comments? >> shock. it was surprising he came right of and made a comment kleiner perkins that said we are not affiliated with him and did not reflect his views. and that he is coming on the show. he apparently thinks those were good words to choose. >> the whole venture capitalist community made sure to come out and distance themselves. >> this is like old school rich guy thinking. rich peoplese sympathize with occupy wall street. they recognize there is a problem with income inequality and a lot of them are doing thi

tom keene is in dallas for the world economic forum. world economic forum. >> in honor of tom being in davos, we will start with europe. sap, the big software company, shares are falling the most in six months. they're basically pushing other profitability target for another two years as companies shift to the cloud. we will have the co-ceo bill mcdermott join us in about half an hour. we have earnings in

this white badge means that tonkin is as important as eating figures -- tom keene is as important as thinks he is. the saw a huge ad, all touchy-feely, that could be s int aside by protest russia, and hereby by mr. dan loeb and mr. singer. >> just this morning we heard reported that he is taking a stake in active chemical. >> really? >> indeed. >> the ceo is here. cans this a time when a ceo say that an activist investor that has done a lot of things right, i could sit with them and say what can we do to improve? side ofhat he is on one the mountain and i am on the other? >> this is a significant shift, where ceos are paying the exorbitant fee to come here. to me that would not be unimaginable. >> if you're the ceo of the dow chemical, you might say this i is gunning to get me knocked out. what do you do in that situation? year.has been a slow a stormy year. >> if you look back far enough, stock prices have not wedged. there's been a lot of volatility between now and then, but stock is nowhere it was -- i cannot remember the exact date. >> this is not the bad for the world economic f

i am tom keene. welcome to "street smart." >> i am betty liu. good afternoon to you.the market closely. more importantly, we are watching apple results coming out right after the bell today. a special guest

in 20 minutes time, it is surveillance with tom keene. he joins us now from new york.t are you looking at today? >> i am looking at my glasses. i am blind over here. let's look at the markets. i am waiting for that first quote on the argentine peso. .urkish lira, week what does this mean for the emerging markets? what does it mean for those in the developed world? it will be interesting to get jason's perspective on the reaction to what we saw thursday. lan will join us from deutsche bank. there is a football game like a week from now. i am totally not up to speed on the super bowl. us, i amakes two of afraid, tom. plenty of be companies up to speed on the amount of money they can make. thank you very much. tom will be back at the top of the hour. let's take a look at the markets are trading. very topical. manus cranny is that the touchscreen. foreign-exchange and what is going on. banks areh central calling an emergency meeting. the monetary policy committee will meet on the 28th to discuss recent developments and take the necessary policy measures for price stability

tom keene with "surveillance." coming up, stay at home saturdays. of at some banks but credit suisse is telling its junior bankers to put their feet up over the weekend. details next. ♪ >> now bank earning season starts later today with the largest u.s. banks including jpmorgan and wells fargo is reporting 2013. it hasn't been a record year for profits. will legal costs take profits? what exactly are we expecting? >> a good year for profitability all around but if compliance and litigation don't even don't get you, i don't know what will. overall, the top six banks paid out on average $18 billion for broken promises, declines for misleading investors. three years of record profits. billion they paid $23 last year. when you look into the numbers, it tells you very clearly what's happening out there. trading revenue down. the last quarter of the year, equity revenue down. but investment banking fees. god bless the fees. they are up. i.p.o.s rocking away. they are having to pay the price for compliance. another $2 billion and legal costs expecting to r

. >> in 20 minutes, it is "surveillance" with tom keene. he joins us from new york with a preview.ing at? i know the state of the union address is going to be the focus for you. >> valerie jarrett will join us. she is from chicago. one of the president's original supporters. the phrase i like best here is we go into year six of the obama administration. it is bread and butter. the president will get back to bread and butter basic economic issues. they are lowering expectations. no grand vision. a delicate view forward into 2014. of course bloomberg television will cover that. 9:00 p.m. eastern standard time this evening. we'll look at the markets as well. tony dwyer will join us. tezz a bull. -- he is a bull. he wants a correction. he thinks they are normal and healthy. we'll talk to him about how the emerging markets link him to recent setbacks and the u.s. market as well. a lot of stuff going on as well including super bowl ads. this is a huge deal in america. this year a different twist, making the ad extend out. doon yogurt, you know them from france, they will be doing a super

"surveillance" is next from new york with tom keene. pretty grim whether stateside.ast of the u.s., plenty of flights being canceled from london to etc. w york, check with your airline before you travel. ♪ >> here we are. a real blizzard. stayedlked because i nearby. i was happy to have my big hood that i pulled down below my face. our weather analyst -- i was smacked in the face with the cold. her wind chills -- the windchill's. >> bloomberg surveillance. the weather