what do you say, matt miller? >> sure he should take credit for it. if the market was in the tank, folks would be blaming him. but as steve says, you have to own the whole economy and the middle class has not felt the recovery. it will take bolder measures that are very difficult to see. >> you know -- the problem is every one of those initiatives is something that's basically oriented towards taking from the people who have made money and giving it to the people -- sort of rearranging -- >> how is infrastructure for the country taking versus making. i mean, come on. infrastructure used to be a bipartisan agenda. have been to kennedy airport or l.a.x. lately? >> jared, we tried that for five years, we have the biggest buildup in american history. >> hold on, hold on. >> one at a time. >> wait a second. for the record, that was matt, not jared, but i agree with him. but look, the president actually has taken credit for the stock market, but in a somewhat nuanced way. i agree with you, larry, he could do that more boldly, but i think he would encounter

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

miller. sosnik and matt we will shift global. it was the hottest year, believe it or not, on record, for australia. mean temperatures were 1.2 degrees above average. this year does not look to be different. hit 120 degrees fahrenheit in the southern part of the country yesterday. that doesn't do it for this week for thist does do it week on "in the loop." we are on the markets next. ♪ ♪ >> this afternoon on "money moves" i'll be sticking to the founder and ceo of round hill ss.ic, josh gru it is 56 minutes past the hour. it is time for boomer television on the markets. i am joined by michael purvis -- bloomberg television on the markets. i am joined by michael purvis. what the stocks are doing supports your longer-term view with the s&p 500, the dow, and the nasdaq moving higher after yesterday's close lower rate you think they have more to gain. why is that? >> we can make lots of arguments, but the biggest allocation is happening in lots of markets and there is one logical place, u.s. equities. some will end up in internati

matt miller will be there in the next hour, reporting live. he will speak with bill ford in the next hour from the detroit auto show. he is the executive chairman of ford. that is coming up on "bloomberg surveillance" in the next hour. also, our twitter question of the day. what was your favorite golden globes moment and why? tweet us. did you watch? >> i was sleeping. >> you're kidding. >> we will fill you in. tweet us. ♪ >> good monday morning. i am tom keene. garlic doing cristina alesci are with me. scarlet 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 overtu

matt miller is with meet with more. i know you are watching that ford story, you are also , agreeingayak -- fiat to buy the remaining stake in chrysler, $4.4 billion. a victory for sergio marchionne. >> this is an alan mulally moment for marchionne. you can see his prowess as a brilliant ceo. he wanted to pay close to $4 billion for the rest of chrysler that fiat did not own. the union wanted more than $6 billion. if you recall, both sides were threatening an ipl. -- an ipo. just to all along was use that as a negotiating tactic. in the end, not only does he pay closer to the price he wanted the unionake from trust. he also gets chrysler to put up most of the cash. one of the amazing aspects of this deal. fiat will pay $1.7 billion in cash to the voluntary employees benefit union association that owns the stake. chrysler will put up $1.9 billion in a dividend and paid the remaining $700 million in 4 installments. it is a great way for marchionne to bring these two companies more fully together. you can see these brands.

matt miller. back again on the market than 30 minutes. ♪ >> welcome to "money moves" where we focus on alternative assets. i'm deirdre bolton. we show you what investors and entrepreneurs are doing as well as what is going on hedge funds, private equity, real estate and more. today, private equity fund kkr rating $2 billion for its distressed equity fund. more than even the firm in-

i am matt miller in for adam johnson. congress in action. what you should not look or were 2013.ward to in the best of aykroyd, buffett, and why you should not take on the selfie. in switzerland, the kind of security you get with a swiss bank account, not just tax-free money. black monday. five nfl coaches joined the nation's unemployed. another new year in new york. reg out your champagne and cool, goofy hat. the ball will drop in times square. people always say go out with a bang, but i do not think this is what they meant. two trains collided in eastern north dakota yesterday. no one was injured but the massive fireball was the result. first, a grain train he railed, derailed, hitting another train carrying crude oil going the opposite way on an adjacent track. police have advised residents to evacuate their homes because of fumes. there are a lot of trains carrying crude oil in north dakota these days. it is one of the nation's new and plentiful sources of oil. the train that caused the explosion was carrying it from there to minnesota.

matt miller will be there behind the wheel. back in cuba below minutes. es.two minut ♪ detroit tounit to the 2014 international auto show. all's and styles popping up, in some cases, with a nod to the past. matt miller is there with the ceo of porsche north america. >> i am sitting in the brand-new targa. it does hearken back to the retro era of the 1960s, 1970s with the silver roll bar. it is hard to explain how this opens. it is much easier to see. it is an amazing thing. not only a work of art visually but technically a step forward for the company, compared to targas of recent days. i am here with detlev von platen, president of porsche cars north america. a stunning car. >> and we are getting some wind right now, which is great. >> you have the benefit of the convertible and the hard top. when you are at speed, you do not hear that noise. >> the joy of both worlds. t, and aa and cabriole sporty coupe. all-wheel drive, 400 horsepower. >> tell us how business is going. >> we had a really nice 2013. not looking only on volume. this is not our primary

matt miller is joining us from the detroit auto show. matt? >> yes. i am with mark ruiz, global head of product. two days left until your promotion. i saw you introducing this new truck, the gmc canyon. it looks awesome. >> thank you. >> one of the coolest things about your products is that you will offer mobile hotspots. as we drive around, we do not have telephone signal and we can use the hotspot from the car. that is pretty cool. >> we have been in the business of onstar for 17 years. to put the size of its hype into the cart to enable people to do things like what you said, which is create a mobile hotspot and use your technology, it is a great thing. it is a great thing for everybody in the car. from voice recognition and being able to voice commands and use we cloud and use onstar, really take care of our customers in terms of bag deployment and safety. simple things like my kids having flat tires. that type of 4g is a huge enabler for us. >> i have been in onstar user for a long time. they give major actions. let's talk about the truck. you ar

matt miller joins us live with the president of audi north america. ofwe are sitting in front one of the new vehicles they are releasing. looking around, i see the words e-tron everywhere. the hybrid is the wave of the future and audi is fully taking it on. i think it is exactly what is right for america now. you get a lot of range on pure electric driving, but you also have a fuel efficient engine. it is a good solution. the most important thing is, it drives like an audi, and has all .he quality of an audi >> people talk about affordable luxury as if the trend was started last year by mercedes. but the a3 has been around for a decade at least. someone starting out, first car -- first-time car buyer, does he buy that and then eventually move up? that luxury a myth carmakers cannot generate any profit from making small cars. if you look at the dynamics of what has happened in america with fuel economy, mobile devices, the concept of making stuff small and unique, we started it, and that is what we see people jumping into our brand and then they migrat

caldwell is a senior analyst, and, our very own matt miller, mr. carr guy himself. let's talk about the economics of this thing. chrysler is ironically putting up some of the money. of, rememberd me the headline a couple of weeks ago? is a little different, because the whole point of this, as you know, is so that fiat can get access to the $12 billion cash pile at chrysler. they will use some of it to do the deal. fiat is paying $1.75 billion to the autoworkers trust and the rest of the money will come from chrysler. chrysler will pay a lump sum and -- some three special dividend and $700 million in four annual installments between now and 2018. this is a masterstroke. -- somebody ined graphics loves the dodge viper. we have been showing me that showing this. everyone knew sergio would get this done before the ipo actually happened. that was a negotiating tactic. the fact he would get a better deal than most deaths than most analysts thought, he was going for four. the trust wanted six. they say that because they say they want more than they would get as a bargainin

. , the bring in matt miller head of the billionaires team for bloomberg news. great to have you on the program. a billionaires, we have couple of younger ones. hitheryl sandberg, facebook a record high and as a result, the money she has him selling facebook shares pushed her over the edge. we have also been asking where you would put 100 million dollars. >> almost everyone said stocks. everyone is extremely confident in the equities market. they believe interest rates were main logo in the central banks will do a lot to continue to stimulate the economy. most said they would invest in stocks. no one said bitcoin. they are pretty bullish about the environment. banksre expecting central too big repaired to take on a little bit more risk? >> they are prepared to take on a lot more risk. billionaires made almost $500 billion around the world. do aprobably expect to little bit like that, probably not as much. we see the same return on the s&p 500 as we did a year ago. activity.y more m&a we will talk about what him in a deals might be lurking around the corner. acti

i am matt miller. it is time to break up ebay and paypal, says activist carl icahn. what would you tell your 25 your old self? you will hear what ceos have to say about that. in davos, how to escape an ambush, if you are a billionaire. and are the billions worth it to nbc with the olympics? the good, the bad, and the ugly of chicken wing fitness. we kick it off with dominoes, the annual forum in the swiss alps. known as a place to rub elbows and make deals. when the leader of the islamic republic of iran showed up, you know he meant business. >> i am here to convey my people's message of friendship, engagement, cooperation, and peaceful coexistence. >> this is the first time and iranian president has come to davos in more than a decade. international sanctions have prohibited it from doing business with other countries, and that shrank the iranian economy by 5%. now they have a deal with the international community to curtail its nuclear program in exchange for $7 billion of sanctions relief, and that means the iranian president wants investment. >> i hereby announce

matt miller thinks so, a lot of companies agree. companies are in secondary cities or what we refer to as flyover country. you will see microsoft, up there in washington. it has been there forever. the same is true of bank of america, down in charlotte. companies that are moving out were growing big in their secondary offices, goldman is in salt lake city, that is a fantastic place if you love to ski. a lot of cities in america that are growing because of a trend that we call x organization -- exurbanization. people moving out of cities, denver is one of the big booming cities. much more are affordable. there is a very diverse talent pool. there is accessible mass transit now. they have a downtown area that has a vibrant cultural scene. here in new york, you are -- $515,000 -- that is a lot of money for a home in middle america. here, if you're very lucky, you get a two-bedroom apartment. that is very unlikely. in san francisco, the same is true, maybe you get a house. 500 $15,000, go out to denver, for less than $300,000, you can g

matt miller is right beside me in new york city, and in detroit, jamie butters, a busy man this morning. he will beabout what a will to do now that fiat is going to own the rest of chrysler, and it looks as though the deal will be completed in the next few weeks. is what has been working toward for almost five years, since he took chrysler off the hands of the u.s. government as part of the bailout and government finance banker see restructuring, let them integrate the operations a little more concretely then already, the guy was ceo of both companies. what it really does, the big price of this is to let and get thatrash -- the cash chrysler has an user to reinvest in fiat while the european auto market is really at a bottom, try to kickstart that, and then really execute globally. >> jamie, this is a great deal for fiat. >> oh, it is a very good deal. i would say that the uaw trust, which had almost no leverage at all, they cannot strike, they cannot -- they had almost no leverage all. they try to get a value for their retirees, for their members, you know, they were trying to find bil

matt miller from bloomberg news. next, more with kay koplovitz. find out how and easy to use 3-d printer can make art. ♪ >> my next guests are attempting to make 3-d printing tape knowledge he universally acceptable. they along with two friends have raised over $250,000 on kickstarter in order to fund their project. also with me, kay koplovitz. we were talking about 3-d printing and you were speaking and looking at what the gentleman had brought. i want you to start off by just describing what you are holding in your hand and how you made it. >> this is a 3-d printed hunter head. our printer extruded plastic. you can see there is a hexagon shaped over here. it extruded it out and we created the object. this is approximately two dollars of plastic i wait. you buy a pla school and put it into the printer and it prints. >> how did you get into this? >> i have been tinkering with stuff since a young age. >> i read that you took apart everything that you could. >> yeah, and if i couldn't put it back together my mom would have to buy a new appliance,

matt miller, our expert, thank you. we will be right back. ♪ >> welcome back. the nfl playoffs kick off this weekend. fans in one of the four cities may not get to see it. that's because the game in cincinnati is on the verge of being a blackout on local television unless the game sells out at the stadium. i talked about this with espn vice president and my partner jon erlichman. take a listen to what they had to say about weak ticket sales for the playoff games. >> there was such a cost and also such a demand. the combination of our short demandmbers and the immediately coming up on six days notice, it is a stretch. yes, i think you said it in the tease. home is sonce at much of a comfortable experience that the nfl is confronting it. the former oakland raider president was talking about how the emphasis of the nfl is on increasing the experience at the games. to make it very attractive for people to spend that hundreds of dollars for tickets. that is what the push poll is. especially on short notice. you do not know what time on saturday or sunday. that is wh

that was matt miller, saying crushed. investors are wondering what is happening next, so i bring in the experts, matt miller and olivia sterns. what are you watching next week? >> i am going to keep watching earnings. i have been surprised. obviously, not many companies in the s&p 500 have reported, 6% or 7%, but more than half have missed earnings expectations. analysts are professional lowballers. >> and companies want to lowball themselves. >> ups put numbers out ahead of time. >> you want to under promise and over deliver. usually, 76% of companies in the s&p beat earnings estimates. right now, 48% have beat. it is not looking great. robert albertson was on with tom this morning. he said we are seeing margin compression come to a halt. whatever. nextsoft is coming out week, among a slew of other really important consumer names -- starbucks, johnson and johnson. the cool thing about microsoft -- we are expecting them to show a drop in aps even though they are going to show a growth on the revenue side. maybe they will

matt miller from bloomberg news. next, more with kay koplovitz. find out how and easy to use 3-d printer can make art. ♪ >> my next guests are attempting to make 3-d printing tape knowledge he universally acceptable. they along with two friends have on kickver 200 $50,000 starter in order to fund their project. $250,000 on kick starter in order to fund their project. .lso with me, kay koplovitz we were talking about 3-d printing and you were speaking and looking at what the gentleman had brought. i want you to start off by just describing what you are holding in your hand and how you made it. >> this is a 3-d printed hunter head. printer extruded plastic. you can see there is a hexagon shaped over here. and weuded it out created the object. this is approximately two dollars of plastic i wait. you buy a pla school and put it into the printer and it prints. >> how did you get into this? >> i have been tinkering with stuff since a young age. apartead that you took everything that you could. >> yeah, and if i couldn't put it back together my mom wou

i matt miller. let's get you caught up on the major indexes today. that will be fast does nothing basically happened. almost no movement at all. the dow jones down but just about 18 points there on the nasdaq. vix, wall street's fear factor has opened of the year to a fairly silent start dropping below a level of teen. in deming is a vix options trader joining me from the cboe. markets, are they just treading water now? what does this mean when we have a vix that makes it look like everything is so complacent? not a lot of conviction in the market. we had kind of short trading weeks that we've had our first full week but all eyes are on tomorrow morning and the unemployment report. theeally kicked off earnings cycle. i think you're going to see maybe a change in the expectations moving forward. >> you expect volatility to rise then? a it a good idea to buy little right now when we are at these low levels? saws far as the action we today in the vicks, even though the market was benign, we saw some pretty heavy buying of february calls and at the end o

matt miller. great to have you here. have a great night, everyone. have a great weekend. ♪ >> let's get you caught up on the markets. it was a mixed session overall. most stocks rose. the big story, the major miss on the jobs report. 74,004 -- 74,000 for the month of december. the labor department also revised up the figures for november showing that payrolls rose in november by 241,000. a huge gap there. the employment rate fell from 7% to 6 .7%. we saw a big moves in the treasury market. treasuries rallying on the back of that on implement data. the king at the 10 year yield down 10 basis points today. joining me now for more on the unemployment report and its impact is jeremy hill. on.ad mohamed el-erian he called it puzzling and worrisome. what is your take? >> it is puzzling and worrisome but we have to take a more holistic viewpoint of what has happened in u.s. economic data. just this week we had a ton of data and i suggested to everybody that it was not such a terrible week. is assigninghe fed a higher value to the jobs report. look at the

matt miller? what do you say on stock and take us to bonds. first stocks. >> well, the january parameter is actually just a statistical survey started by news letter writer. but it is interesting that 1950 it worked all but two years. 1966 and 2011. my view on stocks, and here is that the following a good year, which by definition had this year, the average over the long-term is to expect 8 to 12%. i think that's reasonable. i don't buy in to bursting bubbles except as it turns out in gold -- [laughter] and so i look at bond market in here. some of the smartest people i know out there including larry fink from black rock 0 are basically moving the other way. in other words, looking a the long bonds rather than being in the shorter maturity. [inaudible conversations] >> he only runs $4 trillion. >> what did that tell you? >> just translation for the audience. what matt was doing there when he mentioned a no bubble except in gold. michael loves gold which went 25 -- down 25%. >> what other entity can buy 80% of the new issue wans of treasury deb

our billionaires editor at large matt miller has been following on the billionaire trail. not so many this year. >> on the schedule, it says there are more than 80. we have had a couple of meetings canceled. we have not been able to take as many pictures as we have in years past. >> i saw your billionaires at lunch picture. >> we saw a couple. >> are you saying not as many american haters, russian -- american and russian hitter? arebout one quarter americans. india brings a big contingent. .he rest are typically russian you will then see a sprinkling of old europe. but maybe they did not come because they knew david rubenstein and bill gates would asked them to sign the pledge. [laughter] >> this place attracts a lot of wealthy and powerful people, but the leaders are in a class all to themselves. >> that is right. they come in on helicopter. there is a rumor going around that are private chains -- trains bringing people back and forth. we have not verified that. then, they get the special car passes. if you are one of the truly rich billionaires that has been coming for a

matt miller draws the eerily similar comparison between president obama's speech and president clinton 20 years ago. i want to play this split screen with bill clinton saying pretty much the same thing. >> when you work 40 hours a week and have a child in the household, you will not live in poverty. >> no one that works full-time should ever have to raise a family in poverty. >> as you put it, it made sense then, makes sense now. how long does a wealthy, sane nation need to fix this? and that is the question many people are asking today, matt, will last night's speech actually lead to a year of action? or as you put it, is it a formula for a kinder, gentler decline from office? >> yeah, i always get depressed watching these things because, you know, i share barack obama's vision but president clinton's as well 20 years ago. 20 years have passed, the economy has grown in real terms by something like 60%, 70%, but all of the problems that we talk about remain the same. child poverty remains high, we still haven't solved the problem of the working poor. we've got mediocre schools still st

matt miller here to talk to us about it. trying to combine these two companies for a couple of years already. >> an absolute masterstroke. simply amazing. for the past six months we have been talking about an ipo. have said there will not be an ipo. more and more people believing there would be because the union was pressing for that as a negotiating tactic. than $6n wanted more billion. marchionne kept saying i want closer to four. top.at who came out on he got chrysler to pay most of the cash for it. the most amazing part. autfiat inng to help the so many ways. they will be able to bring the 4c over here. the four-cylinder, superlightweight harbin fiber carp. it is smaller than you. going to be a $50,000 reintroduction of the brand that dustin hoffman drove in "the g raduate." >> what are they doing here that is different then >>mlerchrysler mercedes did? here is what they are doing. christina cannot be distracted from the italian artwork. they are using chrysler to help them do better in italy. trying to help do better th

i bring in my colleagues, matt miller and olivia sterns. i am going to keep watching out for earnings, because i really have been surprised. obviously, not many companies have reported him. i guess 6% or 7% so far. more than half have missed earnings expectations. analysts are professional low bowlers. >> and companies want to global owball themselves. >> you want to under promise and over deliver. normally, we see 6% of companies beat earnings estimates. right now, 48% have beaten. it is not looking great. i think robert albertson was on this morning. microsoft is coming out next week among a slew of other important consumer names. we are expecting them to show a drop even though they will show growth on the revenue side. maybe they will say something about their ceo search. >> maybe you can talk with alan mulally in new york. but he does not have any intention. jobo one wants to take the at microsoft. >> it is a difficult job. it looks like they have their eye on three main contenders. one internal guy is there head of -- is the head of c

we do not only have matt miller here today. we have a news columnist. what did you think of that penguin? >> why is a penguin on the floor of the new york stock exchange? >> the aflac duck hangs out there sometimes. >> is this a day trading penguin? it's a seaworld anniversary. that is why they were on the floor of the new york stock exchange. they had to cancel a party last night because they were going to bring the penguins and protesters protested that they were going to be in a restaurant and not in a pool where they belong. >> they could stay at my house. in my bathtub. i would like to have one of those penguins. >> they were adorable. >> in my opinion, you are the greatest. you have something on new skin today. and make skin care products they were called a suspected illegal pyramid scheme. a paper said they brainwash their trainees. al of a sudden china has problem with pyramid schemes? but they still buy u.s. treasuries. >> who needs a comedian when you have that? >> this is going to make it into the trending stocks and i am sure business inside

matt miller takes a look at this loud but iconic plane. d.c.-9a flew the first -- dc-9. it was a revolution when it was unveiled. it was fast, comfortable, and functional. it was able to take off and land on short runways at regional airports. none of that matters now. the dc-9 burns too much fuel. they are also noisy. dc-9ghout the 1960's, the was modified with the last one built in 1982. plane have said that the was a joy to fly, but it made you earn your pay. there are no electronic displays or fight control computers on a dc-9. , butarewell to the dc-9 it's lineage lives on a bit. the next time you step aboard a boeing 717, know that both airplanes were derived from the dc-9. it is a plane with a legacy. to justhigh in the sky plain high. bloomberg it's an inside look at a new business of recreational pot in colorado. the winter olympics, they are only weeks away, but china is looking to 2022. sports coming up later in this hour. ♪ >> innovating on a high. recreational use of marijuana became legal in colorado. as the market opens up, people are being creative. tri

matt miller takes a look at this loud but iconic plane. >> delta flew the first dc-9. it was back in december 1965. 45 years later, it is retiring the beloved but outdated model. it was a revolution when it was unveiled. it was fast, comfortable, and functional. it was able to take off and land on short runways at regional airports. none of that matters now. the dc-9 burns too much fuel. they are also noisy. throughout the 1960's, the dc-9 was modified with the last one built in 1982. pilots have said that the plane was a joy to fly, but it made you earn your pay. there are no electronic displays or fight control computers on a dc-9. say farewell to the dc-9, but it's lineage lives on a bit. the next time you step aboard a boeing 717, know that both airplanes were derived from the dc-9. it is a plane with a legacy. >> from high in the sky to just plain high. bloomberg it's an inside look at a new business of recreational pot in colorado. the winter olympics, they are only weeks away, but china is looking to 2022. sports coming up later in this hour. ♪ >> innovating o

our own reporter matt miller i am sure will be all over this. it has been a banner year for the u.s. carmakers, and they will probably post some pretty strong results -- post some pretty strong results here. obviously we have -- >> they now call it mobile on wheels. >> what car will be the catalyst for auto sales? >> i don't know if it will be a catalyst for auto sales, but it will be very important for the mobileequal system -- ecosystem. >> one of the first things car buyers look at his technology of the car. what is on the screen, how does the ge it -- how does the gps work? was in arst time i tesla, i was blown away. amazing.is the screen is beautiful. >> it is like having a 55-inch tv in your car. boeing, 31,000 machinists in the washington area, most of them, will be voting today on a proposed contract extension. futureuld determine the of play manufacturing in the seattle area. 777x to otherthe states. the twitterbout question of the day. we put it to you earlier. what sport does not get enough coverage echo -- does not get enough coverag

matt miller will bring us up to date. how disappointing. >> really disappointing across the board, and not just for detroit but for toyota as well. both general motors and toyota saw declines. their sales fell month over month. >> we have not seen that for a while now. >> we have not seen that for a long time, and you know what they are citing? >> what? >> cold weather. >> i knew it. >> i don't understand people who do not understand it is cold in the winter. it is warm in the summer, cold in the winter. >> think of this there is a little more sarcasm and cynicism here because there was not enough already. >> i guess i am just filing on. ford missed the estimate, chrysler missed the estimate. gm and toyota as well. they are having record months for certain models. for example, ford had a record month for the fusion. the best-selling month for the fusion of all time. general motors had a record month for the corvette, the best month for the corvette since 2006. the best month of december for corvette since 2006. that typic

i think matt miller wants to get one. he has done a heckuva job. >> it speaks volumes about allen and his commitment to ford and his employees. he made a commitment and is living up to that commitment. he has done a tremendous job there. stay with it and go out on the town. >> doesn't speak to the lack of ceo candidates out there? i feel like we talk about alan mulally and microsoft everyday. is there a void at the top as far as possible ceo candidates? about that,lexed too. there are a ton of potential candidates that could be competitive for this job. we are aware of some of the concerns about two of the prior ceo's still staying on the board. i have lived through that myself. allen has lived through it. that is probably why he was in contentious -- in contention with bill ford staying on will stop a lot of people think that keeping bill ford -- in contention with bill ford staying on. a lot of people think that keeping bill ford on was a bad idea. there was one specific style of management and home depot. he had troubl

matt miller is on the detroit auto show with the man on theedes, ceo of diamond and first on bloomberg interview. just stick with dr. z, very difficult for most americans to announce. we are glad to have you with us. it is difficult to pronounce your last name but they are making your cars. tell us about that. click that is true. for0 years, we are running trucks and we are happy to with the quality and the dedication of the folks there. it is therefore a great place to have the mercedes cornerstone. >> i wonder how much that has to do with great sales that you had in 2013. i was shopping for an suv and i walked into the store and each and every car and suv in there has a placard saying exactly where it is made and where the parts are from. it seems to be the best strategy have ever heard of. on the one end, the business is global. people do not care too much about it anymore. still, even though it is a truly we use it.uct, class you are selling a lot more of the smaller and sportier cars. i know a lot of guys from silicon valley, they made their first million and they have got their o

matt miller thinks so, a lot of companies agree. >> a lot of big companies are in secondary cities or what we refer to as flyover country. you will see microsoft, up there in washington. it has been there forever. the same is true of bank of america, down in charlotte. companies that are moving out were growing big in their secondary offices, goldman sachs' is in salt lake city, that is a fantastic place if you love to ski. a lot of cities in america that are growing because of a trend that we exurbanization. people moving out of cities, denver is one of the big booming cities. the houses are much more affordable. there is a very diverse talent pool. there is accessible mass transit now. they have a downtown area that has a vibrant cultural scene. here in new york, you are looking for $515,000, that is a lot of money for a home in middle america. here, if you're very lucky, you get a two-bedroom apartment. that is very unlikely. in san francisco, the same is true, maybe you get a house. $515,000, go out to denver, for less than $300,000, you can get a five bedroom house with five bath

you can also see is on your tablet and smartphone area i am matt miller. the video is the story -- a break in the lufthansa heist more than 30 years after a hooded gunman pulled $6 million airport heist dramatized in the movie "good fellas." an elderly man was arrested at his home in connection with the crimes. vincent asarro entry of the defendants were charged with murder, robbery, extortion, arson and other crimes from this late 1960s through late last year. they were famous mobsters to begin with. antigovernment protesters stormed a key government building in the city of turhiphill ukraine. protesters in ukraine have occupied the offices of key government buildings in five western cities. the demonstrations began two months ago after yanukovich ditch and association agreement with the eu in favor of a bailout loan from russia. rafa nadal beats roger fedor in the australian open to advance to the final. he will face another swiss surprise finalist and number eight seed. in sunday's final. d in politics, let's go back toavos where majority leader eric ca

we have ministers, and we have matt miller here with the latest. there are 80 billionaires here but yesterday we caught up with africa's richest man. >> he is the 25th richest are certain in the world. concentrated in nigeria. he was talking about african issues. we asked, does he expect the bull market to continue in equities across the world, and he said yes. he thought all the negative things in the economy are gone. thes very bullish on economy. he is bullish on manufacturing. he said the only thing that could get in the way is youth unemployment. he cited young people unemployment as the only thing that could get in the way of global economic growth this year. >> we talk a lot about philanthropy. a lot of alien errors. we talked to the ceo, and he was keen to talk about each quality and what he was doing to be more transparent. >> we did a story about how they are anticipating the bull market is anticipating they will get richer. out a reportput talking about income inequality and how that could be one of the major risk factors affecting the w

i brought in our resident car expert matt miller to tell us what to expect. how many commercials are we looking at? >> a lot. we are talking about seven carmakers at least that will have super bowl commercials. that is one more than last year. they are spending more and more. it is going to be about $100 million they spent collectively. in second place, telecom media and tech. we are talking about spending that has grown fivefold over the last 10 years. they fell on rough times but they are back and stronger than ever. >> who are the main players? >> jaguar is going to come in this year and do an ad with ben kingsley. they figured jaguar is the perfect car for an evil v illain or superhero from england to drive. we will see ads -- it is a gorgeous car. we are also going to see ads with gorgeous men like james franco. tohas little baby tigers draw the fairer sex in. know women do more car buying than men in this country. they are the decision-makers in the country. typically, car ads have been geared toward men. a lot of carmakers -- >> changing their strategy

my superstar colleagues matt miller, olivia sterns as well. >> not a lot going on in the market considering the big mess you had on the jobs number this morning. almost no movement here. the s&p dead flat. the dow jones industrial average down 41 points. the nasdaq gaining a little bit. interceptching pharmaceuticals. massive gains yesterday. i looked this morning and could not believe it was surging again. more than 70%. it was trading for $70 on wednesday. now it is worth over 450. for us.terns covers is what is going on? >> it is an incredible story. we saw the story said intercept was up 280%. you would think that would be a move that could happen in the penny stocks but this is a company with a valuation -- still up about 60%. it has a market cap of a billion dollars just to give you some perspective. >> room 1.52 days ago. >> is worth somewhere between h&r block and expedia. >> they have a drug that helps people with nash syndrome create >> -- syndrome. >> it is delivered disease. without the roses liquor. >> analysts think the market is huge for that. bank of america has upped the pr

i remember matt miller standing at the iphone store saying that, if this cost at $800, i would still pay that. is that possible? >> i don't think so. like bmw.more google is more like tesla. bmw has been very successful. apple sells very high quality products. but i think they are in a great position out. tim cook has done a terrific job of positioning them to make money not just on the hardware, but it is starting to commoditize and start to make money on the services, the app store and itunes. even in china, there is a terrific amount of usage of their services on the iphone come even though the market share of the iphone is relatively small. -- the iphone, even though the market share of the iphone is owing to the small. >> yes, a lot people are using it. -- theence of the guys unsubsidized cost is more than $700. that is more than the average chinese person's monthly salary. people in china are saying we want larger screens. why will they pay that much money for a product that isn't even what they want? lothe reality is that a people in asia -- obviously china is part of this --

. >> for more, matt miller is back with the latest. they are very bullish. a lot of these guys are in commodities. it is expected to do very well. >> it is really about confidence. the past five years, we have talked about how there is always a crisis looming over davos. this year, everybody seems to be taking it easy. because everyone believes interest rates will remain low and central-bank policy will be in their favor, equities should rise and billionaires should get richer. >> when you come to davos, there is a lot of celebrity-watching. , do they have special access compared to the other participants? >> some do. the way they arrive, they come by helicopter. >> we just heard. >> the intercontinental has a helipad in front of it. and they come by train. took a train from geneva into davos. >> we do not know if it is a private train. >> we are still trying to find out if there are private train. speculation that there is. there are millionaires that have special access, typically people who have been coming the longest or pay the most for membership have

matt miller, glad you are here, too. n.b. you can play along -- >> i talked to alan mulally on the time. he was rumored to go there and he told me "i will stay at ford until at least 2014." he may have been in talks when he told me this but now microsoft has to find somebody should who could they possibly choose? >> they could choose a lot of people. maybe they could choose somebody at microsoft. they have 2 ceo's on the board. >> which is one of the reasons alan probably wouldn't have gone. >> paul allen is always nearby. >> paul allen, bill gates, steve ballmer. all those guys are nearby meddling. >> is extremely intimidating. they would have to attract big-name person. i don't know if that is what they really need. they could get somebody from oracle, microsoft, happened is others.-- half a dozen they could get read hastings. he is on the board. if you're going to pick somebody the president of ford, you will have to guarantee that he has got some independence. i think that is a very hard thing for bill or steve to do. tha

matt miller helps us welcome our , foundert, uday kotak of kotak mahindra bank. spoke to you was last year. 2013 was the year where we saw weaknesses in india. how concerned are you? >> we went through a bad patch in the middle of the year, things are looking better. current account deficit under control. finance minister promises controlling the fiscal deficit for this year. better than how we look in the middle of the year. some repair work has happened in the last six months. >> how bullish are you on the global economy for 2014? 20saw a surge in stocks and -- in 2013. can you remain bullish? >> my concern is areas like commodities, oil. one of thes, expectations, we could see a rally in equities. >> how concerned are you about the banking sector in india specifically. fitch had a report saying that about $60 million of bank loans billion of bank loans are risk returning. inking sector in india is state owned, there is pressure on the assets of banks. more in the context of state owned banks. the balance sheet challenges will be the key issues in 2014. haverel

matt miller is that the show. he is standing by with one of subaru's top executives. >> i know you are a fan of subaru. i am standing here with the president of subaru. the sti has been one of the most vaunted cars at the shows and it has not been released yet. people have been writing about it for days and weeks. what can you tell us? we are very excited to be back here in detroit because 10 years ago we launched the 24th -- 2004 model. >> now it is totally separate. >> it is his own car -- its own car. where else are you going to get sti performance? the price point and horsepower and all the utility of provides, it is the complete package. >> it is a total charged -- turbo-charged rally car. you have had the same kind of thing with a couple of other cars. one in orange. the kids just love it. >> crosschecked was a home run for us. we thought we would sell 1500 a month, instead we are doing 5000 a month. it has attracted a much younger demographic to our customer base that we had before. >> people think of subar

matt miller has been at the auto show all week long talking to the biggest names. how's it going? >> it is going fantastically well. i'm having a lot of fun here. i am here with the head of mercedes usa north america. all,e ask you first of when i think is silicon valley or the guys i hang out with that are from there or silicon valley in new york, a lot of people are getting into the cla because they have done one may think it would be ostentatious to get in s class already. >> what is neat about that is they want a smaller vehicle like the c class or the cla. and bring in new buyers. we just launch the cla. it is 10 years younger than the c class. we're bringing younger folks in. in 10 people that buy one are new to the franchise. it is duke exactly what we wanted it to do. >> you're starting to build in tuscaloosa. m re: build a lot of the cars that you sell here. a growing business. your number one and luxury cars here. >> we had a great year. they outgrew the luxury market. this launch past year. >> such a rave reviews from everybody. the smallest blocks to the largest car ma

. >> matt miller, thank you very much. >> happy new year. >> hope you find something to do tonight. >> i've got plans area rex if your plans include watching classic movies on netflix, you might be out of luck and we will explain why some movies may not be available on netflix in the coming year. ♪ >> welcome back. i'm cory johnson. this is "bloomberg west." netflix had a big year defying the production of critics. the original shows have been a critical success and the company continues to add subscribers. the company is making some big changes to close the year, altering prices and losing favorite shows and movies. jon erlichman is back with us from l.a. with more on today's new hollywood. these changes are not small. >> they are doing a lot of stuff. last couple of days, people have been talking about the top- performing stocks for the year. netflix is -- up close to 300%. that has to do with subscriber growth, the number that drives the revenue story continues to climb. as you look to 2014, the moves they are working on are tied to continuing to grow that this -- that subscriber

matt miller is following the story from new york. uber warned passengers in advance that raising would be in effect. you do have to agree to search pricing before you take a ride. is this unfair? >> not at all. i would question the intelligence of people who are concerned about this, although i think people are intelligent in different ways, so i will not do so. it tells you on the screen the exact amount. that you will experience on the right you are about to take. you have to not only agree to it, but you have to type in the .umber so that you are aware unless you are a robot, you have to process this information before you get in the car and agreed to pay the fare. if you have an issue with that, why wouldn't you travel in a different way? i went out on new year's eve, taxis, the car service we have here at bloomberg, and i paid for all of those things. wasing full well that uber doing search pricing, i took different modes of transportation. i do not know why it is hard to make those decisions, or that you can regret something yo

i am matt miller. it is time to break up ebay and paypal, says activist carl icahn. what would you tell your 25 your old self? you will hear what ceos have to say about that. in davos, how to escape an ambush, if you are a billionaire. and are the billions worth it to nbc with the olympics? the goth