tom keene is on assignment in davos, switzerland. restaurant founded in new york by danny meyer, once to raise $80 billion -- $80 million in an ipo. the company has more than 63 outlets in 30 cities from london to dubai. a new study says the gap between the world for the rich and poor is getting even wider. oxfam says by 2016, the world's richest 1% will control more than 50% of total global wealth-. that percentage is up from 2014, 1 of the world's 80 richest people had a collective wealth of $1.9 trillion. and again, tom keene will be speaking with many of us people at davos. a huge opening weekend for "american sniper." bickley eastwood war drama with the highest grossing in america and canada over the weekend creating -- garnering a record-setting $105 million in ticket sales. the four-day total was the highest ever for a martin luther king jr. holiday weekend. the warner bros. films nominated for six oscars, also said an industry mark for one-day and three-day sales in january, and brandon, those are your top headlines. >> presi

we are going to go back to tom keene in davos.is going to be joined by the president of the peterson institute for technology. ♪ >> good morning. let's get to our top headlines. >> cmn is descending into chaos now that -- yemen is descending into chaos. tribal leaders say they will not take orders from the capital. the resignation deepens the turmoil there for al qaeda to expand operations. starbucks said net income increased as new food and holiday drinks boosted customer traffic and sales. they posted earnings in line with estimates. starbucks named kevin johnson as its next chief operating officer. cutbacks coming at dreamworks. they will go from three to two films a year. they are trying to improve the quality and profitability of its pictures. it will report expenses of at least $450 million for the restructured. those are your top headlines. tom, what is your top headline? >> after two perfect days of weather, we finally got some snow. we need to warm things up with adam pozen. he is taking over as president of the peterson

i bumped into tom keene.he only people. >> i have been told i need to instagram more. >> my morning must-read, why were we trudging through the snow, we could not get an uber. uber decided they would cap search pricing at 2.8%. search pricing will be capped and proceeds will be donated to the american red cross. they could have bumped it up to 10%. uber capped it because they did not want bad press. >> good politicians dealing with new technology. >> that is true. uber has been burned a couple times on surge pricing. this is politics. richard farley i never understood how the sharing of revenue worked. >> drivers make more. >> incentivized to pick me up. >> an article in "the new yorker" magazine two years ago. >> they tell me on my device -- >> i want to open my conversation. should a city shut down given january? it is the weather. >> operate with an abundance of caution. in a city with tens of thousands of essential workers, i'm not including us. we had a correspondent who is driving around bronxville, mat

we will get you back to davos with tom keene.clusive interview with bill gates a few hours after his foundation released their annual letter. we are happen hour away from the european central bank decision. -- half an hour away. ♪ >> good morning. this is "bloomberg surveillance ." time for our top headlines. >> we begin with earnings news. verizon's or quarter eps has come in a petty short. discounted phones squeezed margins. sales rose to $33.2 billion. american express is reducing its workforce by more than 4000 jobs. it also said profits beat estimates. big-box and big expectations for the latest member of the washington nationals. the team officially introduced the picture may sign for seven years and $210 million. the deal makes the cy young winner the most expensive right-handed hurler in major league baseball. those are your top headlines. tom keene has been tromping around in the snow of davos switch on. >> it has been very interesting. a lot of different people. this is the most interesting davos i have been out at in a

-- blurbed by one tom keene.n you. i don't know what that means. is a book and it is sneaking up on time. >> it is great. and it is way out front in what we are seeing in emerging markets. >> one of the things we are seeing is that politics can leave markets. the rally in india, cannot become a trend? >> what we have seen is when a new leader comes to far, the first year is always good for the stock market. it's because they hope the new leader will do something different. the secondary is divergence. where the leaders fail, we see a faltering of the rally. >> what we have seen in both india and china in the last year is really attempts to make changes in governance. which of those do you take most seriously? >> i think that is a bit easier for india, sibley because its base is much lower. india is a relatively poor countries -- simply because it's base is much lower. india is a relatively poor country. and china has stacked on debt. no other emerging market has stacked on as much debt as china in the last few ye

tom keene -- i am --i am tom keene. crew -- >> crude is down more than 3%.intermediate fell below the $45 a barrel mark. the latest pressure on prices appears to be coming from the uae. it's oil minister says opec can withstand the plunge in prices. the uk's in place and rate has fallen to its lowest level in almost 15 years. consumer prices rose at one half of 1% in december for the first time that will require a giving the governor to write an open letter, explaining why prices are rising too slowly. the yield on the japanese side has now fallen to 0%. >> signs that the labor market is tightening up. and not is raising pay -- aetna is raising paid. it will cover up more of its employees health care cost. the obama administration admits week blew it. the white house says it was a mistake not to send high-level representatives to the march sunday in paris. leaders from the u.k., paris and israel were among those to attend the rally. the highest ranking u.s. official was america's ambassador to france. charli e abdo will print 3 billion issues of his episode.

tom keene with olivia sterns. get to top headlines. >> axis capital partner read, creating an $11 billion company. that comes amid accelerating consolidation in the industry. the new company will be a lung one of the five largest reinsurers. aaa says u.s. drivers are paying less for gas than it any time since march of 2009. the average price at the pump has fought that has fallen -- has fallen for 122 straight days. the average price for gas has reached $2.04. another triumphant weekend for warner bros.. "american sniper," the clint eastwood or drama starring bradley cooper, dominated the box office. the film nominated for six oscars has so far collected more than $200 million in north america. i can say that i added $30. >> did you see that? >> i did. >> the surveillance movie review with olivia sterns. >> bradley cooper gained 40 pounds in 10 weeks. clint eastwood paste it terrific -- paced it terrifically. believe or not, that is sienna miller with brown hair. that you did not know that. >> mario draghi speaks

we will get back to tom keene in davos in a moment.lines. >> shazam raises a new round of financing of more than $1 million. london-based shazam says it plans to expand into new markets and broaden its technology. it helps users by tracks or see what is training in their area. online travel agent orbit says it's exploring a sale. it is working with a financial advisor and reaching out to potential buyers. orbitz jumped as much as 15% in new york trading and closed it .6% higher. -- 8.6% higher. toyota holds off buyers and stays top automaker for the third world in a row. lastly, volkswagen -- last week volkswagen gained 210.1 million vehicles. those are your top headlines. >> the first u.s. envoy arrives in you buy today. when she touches down, she will be the highest ranking of american official to visit cuba since the carter administration. they will work to restore diplomatic ties after five decades of sanctions. willem marx is also in havana. you have already disappointed me by saying it's too soon for me to book my trip on kayak.

but tom keene hug me. the idea makes sense.he table and we lay it out in cold blood. but it seems implausible that i could ever happen. but it is not implausible at all. -- >> it is not implausible at all. democracies have never gone to war against each other with the potential exception of the falklands dispute between argentina -- greg -- >> we will be right back. for those of you on radio, brendan greeley and i just hug. it was a good moment. >> apple sold record numbers of iphones. how long can they keep it up? tweet as. ♪ >> good morning. i'm olivia sterns. time for the top headlines this morning. we start with alibaba. they have a "credibility crisis," that is according to the chinese government that says the online retailer has failed to crack down on shady emergence, counterfeiting, and shady promotions. the company has a record-breaking 28 -- $28.5 billion ipo in september. the second-largest u.s. wireless carrier lured in more customers with promotions and tablets than expected. at harvard university raised a record $

i am tom keene with scarlet fu and brendan greeley. that's get to our top headlines. >> let's start with oil. crashes yet another milestone. blew past the $50 a barrel level and try to below $49, down as much as 3%. this marks the fourth after klein for oil. red crude reaching as low as $51.23. speculation u.s. oil inventories will expand, putting even more pressure on prices. the government releases those inventory figures tomorrow. word that verizon approaches or approached aol about some common nation. according to people friendly with the matter, they have had discussions about a potential acquisition or joint venture. verizon is interested in aol technology that deals with the automated buying and selling of ads online and wants to expand its mobile video offerings. >> new republican congress goes to work in washington today. first thing on the to do list, keeping the fight in the family. john faces the challenge to his leadership from two house republicans, one from texas and one from florida have announced they will run for spea

i'm tom keene. as always, scarlet fu and brendan greeley. front and center, the drama in france. >> special forces are closing in on the suspects in the paris massacre. it is taking place not far from charles de gaulle airport. here is the interior minister. >> at this moment, there is an operation underway. we are mobilizing all forces present in the area. due to yesterday's operations there is an important presence of forces that allowed a quick response. >> two brothers were the main suspects and are supposedly hold up in a printing company. our other big story is the december jobs report. the u.s. economy created 240,000 jobs in december according to a survey of bloomberg economists. that would mark the biggest gain in 15 years. >> oil is extending its rally today. prices are up for the third day in a row. for the 10th time in 3.5 years the house will take up the keystone pipeline today. the result will likely be the same. it is going to pass. the republican-controlled senate is probably going to pass a similar measure later. the gop say

tom keene and the "surveillance" team up next.cleared 11% higher on the day in trading. the supermarket chain is naming a new head of its u.k. branches. plenty of changes announced. let's find out what is going on. caroline hyde joins us with details. >> quite phenomenal. this is reason for cheer for dave lewis. festive good cheer for dave lewis because sales are much better than had been expected in the christmas period. 6000 more -- prices cut on key festive goods. that drew in shoppers. sales are much better than we have seen over at sainsbury's. we are to see a turnaround in tesco improving. overall, tesco is able to say we are sticking by our four-year profit forecast after slashing it three times last year. >> this is more than just a trading update. there is the bigger story that is driving the stock higher. >> you are exactly right. dave lewis is taking drastic action. some of the moves are key for his three priorities. how do you restore competitiveness? they are slashing prices, 25% on average, for hundreds of products.

i am tom keene. let's get to our top headlines. >> oil down 3%.

i'm tom keene.e, scarlet fu and brendan greeley. >> actually, i'm olivia. >> sorry. >> european union governments are ready to slap russia with more sanctions. extended blacklist of 132 people. russia's a master to the eu -- ambassador to the eu set the penalties are not working. >> they are not working in political terms. they may be having an effect on both sides on the economic area, but not political. >> talks are scheduled to reserve today and belarus over the conflict in ukraine. during its monthly sum to 11% as a new government took over. trading volume 27% greater than that 30 day average. climbing 7% this month. >> a beat for amazon and a miss for google. amazon's ceo shows he can still post a profit. the profit followed two straight periods of losses. a different story for google. missing sales and profit estimates as the advertising business faced more competition on mobile devices. analysts were looking for $14.7 billion. a tasty ipo for shake shack, raising $105 million. shake shack sol

i'm tom keene. joining me, brendan greeley.n the headlines, olivia sterns. >> the lower end of the bracket was $.29. it was a pretty big mess. -- miss. the net for the fourth quarter. mike what is your thinking about this? tom, go ahead. >> every bank reports differently. >> x charges, $.32. >> who has the best press release and friendly as three? it is not bank of america. [laughter] >> jpmorgan is pretty clear. they definitely lay out their businesses. goldman has a simpler model. they are easier to deal with because they have fewer of the businesses. >> bank of america, i really don't know what is going on. they reduced retail banking centers. >> they are reducing the retail footprint. >> this is a trend that is going to happen. the question is, how much does it accelerate if the fed does not raise rates soon? branches become a lot more expensive if you have expensive interest rates. >> what do you make of this seven sense of charges? -- cents of charges? >> this is just a reality. all of the banks are trying to clean up so

tom keene with "surveillance" in 25 minutes.t valuable company recorded a record $18 billion profit this quarter. tim cook broke down the numbers. >> on average, we sold over 34,000 iphones every hour, 24 hours a day, every day of the quarter. the execution by our teams to achieve these results was spectacular. this was our fastest and most successful rollout ever. >> that was apple ceo tim cook talking about the company's record iphone sales. let's bring in caroline hyde. >> the numbers are staggering. he said 34,000 phones sold per hour. $8 million per hour. $18 billion over the quarter. that is more than general motors makes in an entire year. that is more than google and microsoft make in a quarter -- combined. not only are these big numbers, it is big growth. 38% uptick in profit. 30% uptick in sales. what is helping so much as a flurry of new products. investors had to be patient. tim cook has provided. therefore, stellar results. they are starting to eat away at android, at samsung in particular. this is where samsung alw

you will see us live, as well as tom keene.morning, you can see francine lacqua and guy johnson also. 20 minutes from now, president obama and prime minister david cameron will meet and you will see live coverage here on bloomberg. john heilemann will be back as well as phil mattingly. >> have a great weekend. >> in the meantime, 56 minutes past the hour, bloomberg is going on the market. >> a volatile into a volatile week. the dow ending a five-day losing streak. the treasury also giving back some of their gains. the 10 year dipped below 1.7%. the matter what happens with oil, the dollar strengthens. euro-dollar getting to 1.14. joining me is jerod woodward senior derivative partner. i was looking at a couple of notes and people noted that options don't expire. so whatever happens today in trading is meaningless. >> you can either have an effect where options expiration can be healed to the fire or it can be a dampening move. either you have a really big or small move, depending on what's happening in the underlying indexes. >

i am tom keene, joining the olivia sterns and brendan greeley. terrific set of guests. >> al qaeda says it was behind last week's deadly attack on the "charlie hebdo" offices in paris. they claimed responsibility. said the attack was a response to the magazine's cartoon depicting the that mohammed earlier. people lined up to buy the new issue of "charlie hebdo," and they quickly sold out. the cover shows a cartoon of mohammed holding a sinus as

i am tom keene. let's get to our top headlines. >> oil down 3%. +++ over $47, brent crude below $49. goldman sachs says oil has two state lower for longer. that is the way the market will be rebalance. gas prices have fallen $.27 a gallon. the average price of a gallon of regular gas is $2.20. it has fallen below $2 a gallon in 17 states. a breakthrough in finding out what happened to the air asia plane. one of the black box recorders that may tell what happened in the final moments before the plane crashed two weeks ago. >> the black box is composed of 2 parts, a flight data recorder and the cockpit voice recorder. the one thing we managed to find is the flight data recorder. >> the wreckage is 105 feet below the service of the java sea. the crash killed 162 on board. >> the biggest crowd in modern history in france, 3.7 million people marched to mark the terror attack. french president francois hollande proclaimed paris as the capital of the world today. john kerry will fly to paris at the end of t

i am tom keene. we will be giving you the highlights of some of the conversations from special guests we have had at the world economic forum. let's go inside. >> here we are with larry summers again. there is so much to talk about. let's begin with this. particularly here in this country, the memory of last week's swiss franc fiasco is still pretty fresh. what happens if mario draghi disappoints? >> it won't be good. mario draghi is an extraordinary guy.

i am tom keene of "bloomberg surveillance" here at the waldorf-astoria. bull & bear prime steakhouse. after what we have seen in 2014, the new volatility, double-digit returns in the equity market, how about a stunning, unpredictable geo-policy, and out of the blue, the complete, total collapse of oil a la 1986. well, this was the time to regroup. we have four wonderful guests to get you ready for next year. joining me here at bull & bear prime steakhouse buried in the basement of the waldorf astoria, where three floors above, that train that will whisk mohamed

i am tom keene of "bloomberg surveillance" here at the waldorf-astoria.at the bull & bear prime steakhouse. after what we have seen in 2014, the new volatility, double-digit returns in the equity market, how about a stunning, unpredictable geo-policy, and out of the blue, the complete, total collapse of oil a la 1986. well, this was the time to regroup. we have four wonderful guests to get you ready for next year. joining me here at bull & bear prime steakhouse buried in the

i'm tom keene joining me is scarlet fu and brendan greeley. we will see brendan it later.or top headlines. >> oil is falling yet again. it is hitting a five and half year low. crude is trading just above $55 a barrel. west texas intermediate is four dollars less than that. prices are likely to head south sooner. look at the euro at its weakest level in nine years. it is weakening before rebounding slightly. there is concern that the greeks will exit the euro. merkel is ready to accept that. investors appear to be saying who needs stock tickers. the vanguard group took in money from investors last year. that is the biggest ever for a mutual fund. they mimic benchmarks and don't use stock tickers. their fees are also a fraction of the average mutual fund. >> to the plane crash near indonesia, bad weather is slowing down the rescue mission. or bodies of and found and sections of the tale at the bottom of the sea. it would contain the flight recorder. there is speculation that ice may have caused the airbus to crash. it's a diversity campaign for pope francis and the catholic

i'm tom keene. joining me is olivia sterns.off today. >> greece is on a collision course with the neighbors that came to its rescue. a historic victory was won in yesterday's election. belt-tightening followed the bailout. the prime minister elect has made it clear what his priority will be. >> the verdict of the greek people and beyond any doubt, the vicious circle of austerity in our country, the verdict of the

>> tom keene joins us with a preview. at treasuries. >> we will link in correlations. we are beginning to see everything link up. francine, washington opens for business today. they get back to work. stan will join us from corbis capital. we will talk about his expertise on america's budget. we will get an update from him as republicans turn -- as republicans return to washington. what i would suggest is the german 10 year yield moving down to the new low yields shows the linkage as oil implodes. i cannot emphasize enough about how oil fell out of bed at about 4:30 our time. >> i know it is a pack show. looking forward to it. >> the biggest trades in the world upon us. -- the biggest tradeshow in the world is upon us. it is a fun event. we have had a more serious side to it. a reaction from sony on the hacking that occurred on the back end of 2014. caroline hyde has been tracking the story. >> they probably decided to put off a public statement until this event. it is the biggest tradeshow in the world. this is where they

with tom keene and the team.row. >> you can tweet us in the meantime. ♪ >> this is "bloomberg surveillance." >> oil descends as europe descends into deflation. fragile geopolitics. republicans take over the senate. is there a moderate to be found? inequality is so todd 14 and-surprise -- 2014 and -- surprise -- so 2015. right now, our top headlines of this first working day of 2015. >> oil is falling again. futures are down as much as 2% after moving 5% last week. brent crude trading at $55 per barrel. prices are likely to head south further. russia says it's output jumped to the highest since the soviet union broke up. the euro is its weakest in nine years.

i am tom keene with olivia sterns and brendan greeley. top headlines. >> foreign ministers from the european ministry. russia says the government and key have and only stop the violence by starting negotiations. fierce fighting continuing in eastern ukraine. the united nations estimates the unrest has now killed more than 5000 people. gains for the u.s. dollar as the federal open market committee continued its promise to be "patient" on the pace of future rate gains. noting global risk and said will monitor developed determining how long to keep rates low. that officials have now kept their target in the range of near zero two quarter of a percent since december 2008. >> major leadership overhaul at mcdonald's tapping steve easterbrook to be the new chief executive. replacing don thompson in march. thompson have been ceo for less than three years, let the restaurant chain through its worst sales slump in more than a decade. the donald's hopes easterbrook a different entire company what he did in his native u.k. credited with boosting busi

i'm tom keene.adlines. >> inbounds and a manhunt underway for more suspects after police thwarted a possible attack. 15 people have been arrested. police killed suspects in a shootout and arrested another. authorities believe some of the suspects had just returned from syria. french police have arrested 10 people connected to the terrorist attacks. aftershocks in the decision by the swiss central bank to lift the currency cap against the euro. client threatened -- client debt threatened. a

. >> if tom keene were hosting this show, there would be a drinking game every time someone says stacks on this show. you and i talked about this on the radio today -- i do it every day with carol massar and mike mckee, but hard issue ibm is up against is a 50% gross margin competing against the likes of amazon. ibm is moving their business into a place where price competition is brutal. >> and that is pushing what there's shtick has always been. they have always touted these fat margins. the cfo came out yesterday saying there might be some struggle in that area especially for cloud-delivered products. that will be an interesting thing to keep an eye on with their growth business. >> net neutrality -- that neutrality -- we will talk about what obama had to say about keeping the internet free and open. ♪ >> this is "bloomberg west." president obama renewed his vow to protect what he called a free and open internet last night. net neutrality is up for debate on capitol hill. subcommittees in the house and senate are holding hearings right now to review the actions congress can take ahead

thank you to tom keene for helping us with this. a chart over the past week -- there we go. the line on the left shows how this was government controlled the prices. the blue band shows the number of standard deviations. this move was almost a 10 standard deviation move. a lot of professionals look at a 2-3 standard deviation move. when treasury yields tumbled that was a poor standard deviation move. -- dr. of standard deviation move. -- four standard deviation move. >> you saw the risk your nations that have a lot of loans out in swiss francs. it will get more expensive for them to repay that debt that is a ripple effect. people are sitting on their hands waiting to see how this will shake out. people are wondering how much -- how many hedge funds or leverage buyers might have to potentially react. >> there is good volatility and bad volatility. is this good or bad volatility? >> bad. the banks will argue that this is bad volatility and this is very hard to prepare for. it does not force people out into the market to trade. it causes people to have to either make big bets o

it is time for surveillance request tom keene in about 20 minutes.old me no bow tie. i have ian bremmer, his face is showing shock. >> it is the storm going on. the summary is that the storm is not as bad or serious it is a fears that we had a bit ago, but all said the storm will still be important. maybe a move from two feet down to one foot. from 12 inches down to six inch, but it is a new york city closed down this morning. >> talk the agenda for the markets, russia. i take it you were not surprise bid the move in the past 24 hours, downgraded to junk? >> not at all. we talked about this. we have seen some stability on west texas intermediate. $45 a barrel. as you know, it is $68 ruble, this is extremely serious for vladimir putin prmplet it is. thank you very much. we'll catch up with you in about 30 minutes. coming up on "the pulse," fourth quarter rulls that mention weakness in north america. stay tuned with us for that. ♪ >> welcome back to "the pulse" live from london on bloomberg television. a look at what we're watching for the rest of the

it is wednesday, january 7, i am tom keene scarlet fu and brendan greeley. i wrote that script 20 minutes ago and markets already recovering off at ecb comments. >> at the same time, the euro continues to weaken. some kind of action could happen in january with black let's get to the top headlines. >> let's start with those who want the ecb to jumpstart the european economy. just got more ammunition. the inflation rate fell below zero for the first time in more than five years. prices declined in december, more than economists forecast it. plunging oil prices is the big reason. the ecb working on a plan to buy government bonds. the central bank tried to prevent a deflationary spiral of falling prices and decline in consumer spending. oil halting its slide, at least, for now. we saw brent crude this morning dropping below $50 a barrel for the first time since may 2009. it was headed for a fifth straight day of losses, but both brent and of uti or racing games the last 30 minutes -- wti erasing gains in the last 30 minutes. crude oil stock piles he was probabl

tom keene is off for the day. time for our top headlines. >> first trading day of the year, the euro hit a 4.5 year low against the dollar. it fell to less than $1.21 after mario draghi said the bank may increase his stimulus. he says they're still a risk of deflation in the euro area. that sent italian and spanish bond yields falling. now at a record low. one of the most eloquent speakers of his time, at democrat made the case for the parties liberal wing. former new york governor mario cuomo died yesterday, he was 82. he served as three terms as governor. his speech propelled him into the national spotlight. he was considered elected presidential candidate in 1988 and again in 1992. each time, he refused to run. he bowed out as a plane was waiting to take them to new hampshire into the primary in 1992. he died of heart failure just hours after his son andrew was warning for a second time as governor. search teams still having our time fighting wreckage from the airasia jet. they will use sonar and ping or locato

i've got tom keene sitting next to me. remarkable moves. >> very much eurocentric.een some gyrations in asia in the last 24 hours. it is clearly about urodynamics. >> when i look at the bond markets and i see yields low and i look at the two-year negative in germany and france as well as you look back on the bond markets, have you ever seen anything like this? >> absolutely not. that headline yesterday, we will buy negative yields -- to see the concept of buying paper but to pay them to take it is surreal. >> i look at the ecb pushing down the euro, the bank of japan pushing down the yen. i go to america and i look at the federal reserve. do they keep tolerating a stronger dollar? >> that will be next month's debate. it is not 1995, but we are going to have many more conversations particularly with corporate officers, about dollar ramifications. over 50% of multinational s&p earnings in the united states come from abroad. >> we are going to leave it there. tom will have a series of interviews through the day. euro-dollar at 1.12. parity, we could be there before you

i am tom keene of "bloomberg surveillance" here in bull & bear at the waldorf-astoria.er we have seen in 2014 with new volatility, how about a stunning, unpredictable geo-politics, and out of the blue, the complete, total collapse of oil, that was the time to regroup. we have four wonderful guests to get you ready for next year. joining me here at bull & bear the steakhouse buried in a basement of the waldorf astoria, three floors above that train that

i am tom keene.he next hour, we will be giving you the highlights of some of the inside conversations that we had with our special guests over the three-day meetings at the world economic forum. let's go inside. >> here we are with larry summers again. there is so much to talk about. let's begin with this. particularly here in this country, the memory of last week's swiss franc fiasco, let's call it, is still pretty fresh. what happens if mario draghi

"bloomberg surveillance" is up next with tom keene his team.on twitter. >> follow the conversation we are going to continue to have. we will take a break. we will see you tomorrow. we will leave you in the capable hands of "surveillance" in the united states. ♪ under the mattress, or at least, you're going to pay a lot to a bank in switzerland to take your money. oil cannot find a bit. we speak with michael leavy of foreign relations. well, it is a least liked idea in america. olivia is interested in, are we going to raise the gas tax? good morning, this is "bloomberg surveillance." a stunning thursday, january 15. here is our top headlines. >> a surprise move from the central bank in switzerland. unexpectedly gave up its minimum exchange rate for the swiss franc and lord its interest rate in deposits. the frank is searching up as much as 15% against the dollar and stocks are sinking. oreo draghi's predecessor at the european central bank has some advice, time to break out the qualitative easing. >> purchases of securities is clearly what is

i'm tom keene. scarlet fu and brendan greeley. >> one of the suspects is in custody in france and the other two have been spotted. the men have been seen in northern france. they are armed and dangerous. the gunmen killed 12 people at the offices of the satirical magazine charlie hebdo. >> today, it is the entire republic that was tacked. -- attacked. it is the ideal of peace and justice that france carries on everywhere on the international scene. >> it is a day of mourning in france. throughout the country last night, people filled city squares and prizes to honor the deceased. >> equity markets are up around the world. minutes from the federal reserve are easing concerns that interest rates may be raised prematurely. futures indicate u.s. stocks will be higher at the open. oil may have found a bid. west texas intermediate is trading for under $49 per barrel. brent crude is selling at $51 per barrel. there are no clear signs that the free fall will end. >> it has been called the coldest weather in

i am tom keene with olivia sterns and brendan greeley. >> another day, another big drop in oil pricesn 3%. west texas intermediate fell below $45 a barrel. brent has been trading for a little less than four to six dollars per barrel. the latest pressure on prices comes from the uae. the oil minister says they will stand by its plan to expand output capacity. the uk's inflationary has fallen to its lowest level in a most 15 years. consumer prices rose an annual rate of just 1.5% in december for the first time that will require the bank of england governor to write an open letter explaining why prices are rising

tuesday, january 20, i am olivia sterns with brendan greeley and tom keene is in the swiss outs -- alps, as he cannot afford anything else. >> china recorded this week's economic growth in almost one quarter century but it could have been worse. chinese efforts kicked in late last year. that boost a production and consumer spending and helped spur growth closer to the government target. gdp rose 4.7%. the government is expected to add more stimulus this year. the imf has made its biggest cut in three years. according to the new forecast the world economy will grow 3.5% this year,

tom keene will be there.orks and, larry summers and a whole lot more. ♪ >> that is going to be it for "market makers." we are joined by jefferies of those tomorrow. his strategy has gone from -- if you don't know what that means you will have to watch. we will see you then. >> the swiss national bank's decision. we are also just about it. there has not been a move since the breakdown of the written woods agreement -- britain was agreement. excited. bloomberg television is on the markets. here is scarlet fu. >> the swiss franc is hogging the spotlight after the swiss central bank defunded. european stocks rallied into their closed. mario draghi will begin quantitative easing. in the u.s., things are,, relatively speaking. the s&p 500 down one half of 1%. joining me is out another command. i know you focus on the technicals and get to the vexed and a minute. i wanted to get your take on the fallout on the decision of u.s. equities. are we feeling it? >> we are getting action. a lot of volatility and capitulatio

it is wednesday, january 7, i am tom keene scarlet fu and brendan greeley.0 minutes ago and markets already recovering off at ecb comments. >> at the same time, the euro continues to weaken. some kind of action could happen in january with black let's get to the top headlines. >> let's start with those who want the ecb to jumpstart the european economy. just got more ammunition. the inflation rate fell below zero for the first time in more than five years. prices declined

. >> i was shocked to hear tom keene this morning on "surveillance" in the data check quote the 30-yearsaid i am not talking about the 10-year. this is the 30-year the long bond, 2.9%. >> as scarlet fu pointed out significantly better than german balloons -- german bunds. >> i feel like i refinanced my house too early. >> yeah. this is a question a lot of people are wrestling with right now. do we refinance again? if you refinanced a couple of years ago and you got down to 3% flat, four and three quarters do you do it again? he's a great times to be a homeowner, to be borrowing money . >> you can get a loan. we are staying on the market after russia's central bank unexpectedly cut their benchmark interest rate to full percentage point. the ruble is sliding on that news. we will bring you the latest. ♪ >> time for a look at how global markets are doing today. here, stocks have declined. the rise is due to the russian central-bank cutting interest rates. the rate is also hitting the ruble, sliding lower against the dollar. greece -- down despite the new anti-austerity prime minister promi

>> i'm going to have tom keene set me down for a refresher.w you spend the money you do not have. >> did we get it wrong? >> we had them on bloomberg say rayon's for an hour. >> we happen to have someone who can answer some of these questions. i want to bring in our opening guest. it will be a normal trading day. i think matt is asking a relevant question, which is how can greece say with the new government in place of they're not going to make their payments or that they are going to leverage their ability to make payments to get further measures out of the eurozone. >> it is spot on in terms of doubts. they do not have the cash to make the payment. the debt to gdp ratio is 175%. when i started my career we were taught that 50% is the maximum safe limit. we are way over that. people have had five years of posterity without any chance of us rate -- with any chance of escape. what happen yesterday as a democratic response telling the greeks what to do. i think they are tired of it. there is a big difference in the case. he had an independent ce

"surveillance" with tom keene from davos is next after the short break. >> good morning, from the 44th annual meetings of the world economic forum in davos switzerland. history made at the european central bank. we will have complete coverage include in a conversation with christine lagarde of the imf. distracted by the european central bank, deflation, negative interest rate, all of that in europe. first, let's go back to our world headquarters in new york and brendan greeley and olivia sterns. >> time for our top headlines. we have to start with the ecb. european central bank on the verge of taking its boldest step yet to fight deflation. ecb president mario draghi may announce massive bond buying program that could exceed $1.2 trillion. it is in that boosting consumer prices that are now falling on an annual basis. not everybody is on board. the plan is been criticized as too little, too late. the head of germany's central bank said it is not needed. in eastern ukraine, the balance is getting worse.