secular trend growth has been for .5% using a three year trendline down to 2.4%.the case of the greatest leveraging up of the u.s. economy of the postwar time. we are now in the deleveraging phase, which we believe will only keep the live desk the lid off growth. that is a function of productivity. there has been a significant change of labor force growth, which leads us to believe the potential growth rate is 2% or less. >> jim keegan joining us. we are on the markets in 30 minutes. "money moves," is next. ♪ ," welcome to "money moves where we focus on alternative assets. . am deirdre bolton s

of daydifferent kind with the huge dip down at 1115 a.m. 15 the short term trendline could not do itoating around the lows of the session. electric car maker, announcing in detroit it sold 6900 cars in the fourth quarter of 2013. ♪ >> this is "lunch money." also streaming live. i am adam johnson. today's moving pictures, where the video is the story. in thailand, antigovernment protesters dig in. they are blocking to bangkok and say they will stay there until the prime minister leaves office. they want her to quit before the february second election. the italian island of giglio, marketing and anniversary of the shipwreck. people were killed when the ship rocks near the island. it will be towed away and dismantle in june. japan'20-year-olds get their own national holiday. the coming-of-age day. the day marks the age when young japanese can vote as well as i booze and cigarettes. japan had the smallest number of 20-year-olds this year, $1.3 million, down from a high back in 1970. in bank, we will start earnings with two of the biggest and different results. we will start first with jp

monthse to go back three since the s&p closed below that medium trendline.does not necessarily mean selloff is imminent. is this a correction and how bad will it be acco? you are looking at a dow heading for a second week of losses, work we've -- worst week possibly since 2002. ♪ >> this is the early edition of "bloomberg west." i'm emily chang. you can also catch us at noon pacific, three p.m. eastern. jamie dimon received a 74% increase in total compensation last year. 21 million was worth dollars. he did not get a cash bonus so his pay was still lower than it was before the $6 billion london whale trading loss. the obama administration says 3 million people have now enrolled in the health care exchange under the affordable care act. that number is still well short of the 7 million sign-up goal set for the end of march. nextmonth when to her -- month's winter olympics in so she may attract the fewest mayican visitors -- sochi attract the fewest american visitors in decades. at last check, about 330,000 tickets are still available, according to the olympic

the trendline continues in that upward direction. they have two other metrics.on one of those, we are going steeply up. in another we going slightly down. you can question the validity of whether this is the most accurate way to measure it. clearly, the evidence does not support the thesis that are broadband networks are getting screwed. so, if things are doing, are going in the direction we want them to, this is just in the wired broadband space, if you look at wireless, it is not and even a comparison. in terms of the most advanced capabilities, the united states leads the world in lte. everyone else is playing catch up. if you do not buy the assumption that the united states is falling dangerously behind, then the argument for a more interventionist policy on the part of the fcc is really quite flimsy. i think that tom wheeler the fcc is smart enough to realize that. he talked several times about the seesaw model that he is seeing guiding his work as a regulator. where an industry is doing the right thing. there is no need for the regulator to intervene. if t

if the trendlines continue going the way they are, ebay transactions will eventually be at single-digitntage. >> why would this be a good thing for paypal in your opinion? >> it is hard to specify. all the companies in silicon valley understand the benefits of focus. there is a fundamental difference between a company that is trying to solve retail and merchandising which is ebay. it is about how you get people to shop on the site. how you get them to find the goods they are looking for? and a company that is a payment system. the types of questions that paypal trying to solve is how do you get people to keep money i the paypal system? how do you prevent fraud? things like that. it is actually two very different types of products, even though they do come together at the moment of purchase. >> you think that paypal could get more involved in things like financial services? >> i think that paypal on its own could be $100 billion plus financial powerhouse. the key things to understand about the business is that all the profit comes from transactions that are funded from a paypal balance.

the trendline continues in that upward direction. they have two other metrics.e of those, we are going steeply up. in another we going slightly down. validity oftion the whether this is the most accurate way to measure it. clearly, the proponents of the does not support the thesis that are broadband networks are getting screwed. so, if things are doing the direction we want them to, this is just in the wired broadband space, if you look at wireless, it is not and even a comparison. in terms of the most advanced capabilities, the united states leads the world in lte. you do not buy the assumption that the united states is falling dangerously behind, then the argument for a more interventionist policy on the part of the fcc is really quite flimsy. tom wheeler the fcc is smart enough to realize that. he talked several times about the seesaw model that he is seeing guiding his work as a regulator. where an industry is doing the right thing. there is no need for the regulator to intervene. if the interest you -- if they are not doing the right things, they should. th

strange number we got on jobs in december, which seemed like it was out of the ordinary from the trendline, which was quite weak jobsefore, a number in december, if that was an anomaly or that is something that worries you. >> it's good to be here. thanks so much for doing this. i think we are starting the year off strong, starting the year economic tailwinds, not headwinds. i will get back to the specific number you asked about. outi think we are starting with congress following through on the end of last year, which was trying to get back to some kind of normalcy and away from the brinksmanship and uncertainty that was causing a great deal of impact to confidence of the united states and internationally. obviously we are not out of the woods completely. we still have a lot more to do to keep our economy growing. if you look at the last half year, the trend of economic statistics, job strategies, confidence have been strong. it's been strong across sectors and there is potential for more growth in key areas. i think the mood in washington makes a difference in two different ways. the poli

the low the 50 day moving average, the intermediate trendline they look at.loser, off by over two percent. it was a slow grind lower all day. , the largestk decline since june. it was an ugly day. was it a pullback or is it a correction? that is the question going forward. one of the stocks after the bell we are watching is walmart, laying off 2300 sam's club employees. that is two percent of its workforce. the biggest layoff for walmart since 2010. the goal is to reduce middle managers. talking about the brutal selloff we saw over the last two days, i am joined by jeremy hill, principal of affinity advisers. of caesar beware the ides of march. that day had no relevance until caesar was assassinated. the markets here, i don't think there is anything different about the factual status we are in today from a week or a month ago. >> what triggered this? we attribute it to weaker emerging-market currencies and the bleeding in the u.s., the decline in the 10 year treasury yield as the safe haven was bought up. >> again, if you take a step back and look at the data

there's also a declining trendline. confirm theically moment picture we are seeing.we're are looking at 1210. on the semi-off bullish picture we have been talking about. isit seems like the momentum more to the upside than the downside. >> in the short term to the immediate term, say over the next several weeks, on top of this we have the gold fix at the lowest level since april. a lot of traders look at that as a contrarian indicator. we are not sure which way it is going to be but things are pointing to the -- pointing to the upside. >> thank you so much. we will be on the markets once again in 30 minutes. market makers is up next. >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> the japanese whiskey company buys a name synonymous with american urban, -- urban-- bur ourbon. >> mid-america is says it was a victim of a holiday breach. neiman marcus says it was a victim of a holiday breach. a full season's suspension

in the longer term, you have a trendline connecting lows back to the mid-2012.draw that line with a crayon or pencil, you could draw that active 2009. that's an important illustrated line. the longer-term players are leaning to buy crude oil. >> thanks very much. we are "on the markets" again and 21 -- in 30 minutes. ♪ >> live from the world economic forum in davos, switzerland, this is a special edition of "market makers," with erik schatzker and stephanie ruhle. >> i am erik schatzker. >> i am stephanie ruhle. two.we are, day it is beautiful out there, and it is about to get hot in here, speaking to the most influential people in the world. >> we will start with one of the most influential men in the banking world, james gorman. great to see you again. >> great to be here.