And our chief washington correspondent peter cook tells us how john boehner is pushing back against the call to shut down the u. S. Government. We get to those stories in a moment. First, to our top story. Learned thews has European CentralBank Governing Council will consider proposals next month for broadbased asset programs that would include sovereign debt, according to two euro area centralbank officials familiar with the deliberations. This comes as ecb president mario draghi unveiled what he called substantially lower forecast for inflation and growth. Latest microeconomic projections indicate lower inflation accompanied by weaker real gdp growth and subdued monetary economics. Ecb holds its next Monetary Policy meeting on january 22. Russian president Vladimir Putin took aim at the u. S. And the European Union today in his annual state of the nation address. He said both wouldve imposed economic sanctions on russia, no matter what happened in ukraine. He says their goal is to hurt the russian economy. The u. S. Government is set to auction 50,000 bitcoins. It is offering him the currency after the closure of the legal online marketplace silk road last year. After todays auction, the Marshals Service will still have more than 94,000 bitcoins worth about 35 million at current prices to sell. It has been over a year since shareholders approved michael dells backed by silver like to take the company private. The deal not only made some money, but the business has rebounded. The cofounder and ceo sat down with Erik Schatzker for an explosive interview. He was asked what the response has been to other ceos taking companies private and whether they might do the same. I have had quite a few of them contact me and ask me about how we went through the process, what it was like. Certainly was not an easy thing to go through the process once has beenrough it it easier managing the business as a private entity. We can take on risk. And investpt risks thinkggressively, and i you could see some more, based on the discussions i have been having with some other colleagues. Ofnasa scrubbed the launch its orion spacecraft today. Gusty winds and sticky rocket valves caused a series of delays this morning. Spacecraftsas first capable of carrying humans a couple of miles above earth since the apollo space program. The goal is to bring humans to mars and back. That is a look at our top stories we are following this hour. As we mentioned, Vladimir Putin attacked the u. S. And europe today for backing ukraine in a conflict that has left more than 4000 people dead and displaced half a million others. The Vice President and head of Global Analysis abstract for intelligence is with us in studio. Welcome to bottom line. President putin defended russias annexation of crimea and used. Will terms, calling it rush ofs ample amount, and he continued, either we will be sovereign or will end in the world. His message to the belarusians appears to be clear, but one message the season to the International Community . Down. T he will not back ukraine is a redline six months ago as it is now. We already have this conflict on their doorstep, which they can leverage to neutralize any out side influence. It will be a messy process but this goes well beyond ukraine. We see conventional military posturing on both sides, with the u. S. , europeans, and nato, and rush on the other side. Expect a lot of exercises, troop rotations, things that will continue to increase the pressure. You said leverage, but when it but at what cost to the International Community . Rush is not concerned about the reputation. This is about national interest. Ukraine comes first. For the russian people, this is about defending the former soviet periphery. Russia will go to great length to do that. Its a page from american politics. This is red meat for the base. Absolutely. For russia, this is not just about ukraine but helling the united dates, if you do not respect our redline when it comes to nato expansion with georgia and ukraine, we will have to respond. Of course, rush is still operating from a fundamentally weak position you say red lines, but not geographical lines. A lot of people have said president putin urines for the day of a russian empire, but those days are gone. If the International Community is not observing a red line as he puts it, the community is observing a geographical line. It is not about resurrecting an empire as such but maintaining negative influence in these countries, where russia feels most avoidable. He needs to make sure the u. S. Stays far enough for russia to feel secure. Why would russia feel vulnerable . This is the russian mindset going back centuries. When you look across the west to the Europe Northern european plane, ukraine is the underbelly to russia. Naturally, they need to make sure they maintain enough influence where you do not have sufficient military integration with the west where you have to to cross the border that can come into the russian core. And their economy is under a lot of pressure. President putin sought to adress that today, proposing threeyear freeze on tax inspections for companies and tax and to steve for money brought back to russia from abroad. Is that enough to convince investors that russia is the place that they should park their money . Probably not. These tensions will exist. Russia will have a hard time tracking back investment from the west. You have a big debate taking place in the kremlin right now about how far you can afford to go. Pragmatic economic elite is saying we have to hold on while the more secure minded individual say we have to maintain National Security interest. That will be an important debate. And tehranhington has an invested interest in dealing with the Islamic State militants. Both countries have hit targets but they did those in separate operations. Is this a common interest that will translate, at least for the United States come into the enemy of my enemy is my friend . Absolutely, and this has been in play for a long time. The United States and iran have had working relationships on a number of it issues, but now its an open secret. Everyone is talking about it. That comes to intelligence cooperation. Negotiations are continuing. It is not just about the nuclear program. There are a number of common interests between the u. S. And iran that will sustain that cooperation, even as there is rising resistance on both sides. Does that common interest include the iran nuclear program, which is till a point of contention . The Supreme Leader said today that iran will not be bullied by the United States on this. Iswe have to remember who he talking to. When he sticks to his domestic audience, he has to show that. However, he continues to support the negotiating team. They are down to the details. We are past the fundamentals of why the u. S. And iran need to seek a rapprochement. They are working out the details. That will continue. The ecb president mario draghi said the banks increased operation for more stimulus. That could happen next year. A decision will not be made until next year. The world stockmarket did not like what they heard and they started calling, including here in the u. S. Germany is having a problem with this because they think what will happen is, if you institute the stimulus, that means nations will not have the wherewithal or the will to deal with their own problems because they know they. Ave a safety net if the eurozone cannot turn a corner economically, what are those tailwinds going to mean for the rest of the International Community . The markets are underwhelmed, but they should not be surprised. Everyone is fixating on draghi. Everyone should be looking at germany. Germany has drawn a red line around quantitative easing, for good reason. They dont see it as necessary. The german pastor competitiveness is to keep spending low, keep your debt low. This is the egos of germany. That does not flip overnight. Germany is going to become more conservative and more nationalist overtime. Add resistanceo to any stimulus measures that are being advocated not just i draghi, but investment measures by france and italy as well. To be continued. Thank you for joining us in the studio, a pleasure to have you. Coming up, avoiding another government shutdown. We will take a look at what House Speaker john boehner is doing to make sure america is funded to september 2015. Stay with us. Conservative House Republicans are balding and speaker John Boehners response to president obamaS Immigration executive action. Ity say it is not top end of and their opposition could open the door to another government shutdown. Cook is on capitol hill. He is following the story. Speaker boehner is defending his plan. He is sounding confident a shutdown can be avoided. How so . That as confident shutdown can be avoided and is defending that plan from the criticism you mentioned. To get everything a compass before lawmakers leave town, he may need a helping hand from nancy pelosi. We will talk about that in a moment. Here is the speakers plan right now. It is playing out on the house floor as we speak. House democrats and republicans are prepared to vote on a republican bill that would block what the president did in terms of hiS Immigration executive orders. It is going nowhere in the u. S. Senate. They have said they want not consider the bill. The white house has said the president would veto the bill, even if it reached his desk. This is more of a showboat. The second part of the plan will play out next week when the house considers funding, 11 of 12 cabinet agencies, all the way through september 2015. The 12th in question is the department of homeland security, oversight over immigration. That would only be funded until early next year. Boehner andive john the majority to give it another whack at the president S Immigration actions. That is still not good enough to conservatives here, including ted cruz, and other republicans that want boehner to pressure the president to have a real confrontation, or even risk shutdown. Today, aynor responded to his critics. We think this is the most practical way to fight the president s action. Frankly, we listen to our we listened to some members who are frankly griping the most. This was their idea. This was their idea of how to proceed. The real drama will be how many House Republicans abandoned john boehner next week and is it enough to put the risk of a shutdown back on the table here in washington . Lets circle back to what you said a few minutes ago. Speaker boehner could depend on nancy pelosi to get this done . Thats right. He could suffer defections in the republican ranks but still find enough votes from democrats to get him over the line. Nancy pelosi was asked about that earlier today. This was her response. I have reached out to the speaker and said, extend a hand of friendship, we want to Work Together to pass a bill to keep government open, as we had to supply the votes last year to open up government. Lets apply the votes to keep government open. But we cannot do it unless we have a bill that is worthy of our support. Last words are important. Democrats want to see whats in the legislation, if republicans have added any other extra conditions. They could be prepared to walk away and then we have the risk again of a shutdown showdown here in washington. Peter cook on capitol hill, thank you. Lets get more on the story with maya macguineas. She is with us from our d. C. Bureau. Welcome back to bottom lin bottom line. I was going to start by talking about the nations fiscal picture but i want to talk about what peter cook was talking about with immigration. There any possibility that Immigration Reform can or will be separated from overall funding issues . Hashe plan that the speaker laid out for how you might separate funding the government for the rest of the fiscal year lets keep in mind this government should have been funded starting on october 1. We are already doing these ad hoc measures. I think the plan to separate the funding of most of government and leave the immigration fight for the next couple of months seems like a plan that is likely to succeed. I would certainly say i dont think we will have a shutdown. I do think fighting over immigration and the actions of the white house, in terms of moving forward on their own, we are going to see that come up repeatedly over the coming months. We would like to see bipartisan progress on Immigration Reform. It seemed like there was hope for that. Are we going to see a return of the many deal where a disaster is avoided in fits and starts because there is not the political will to reach a grand bargain . For sure we will not see a grand bargain. That is without question what we need. Debt levels are at record levels as a share of the economy, projected to grow faster than jake iyer entire economy. The fastestgrowing part of the economy is interest payments. Shortterm deficit has improved, but that is not the real focus. There is no political ability to have a grand bargain that would deal with reforming the tax code and entitlement reform that is efficient enough to get control of the debt. Hope that there will be these many bargains. When you are passing tax breaks, tax extenders, why not pay for the 42 billion price tag . When we have to do the Highway Trust Fund or the doc fix, a lot of things are coming up. If we are not going to fix the debt, at least we should not make it worse. That is where we could see some many bargains. Both president obama and congressional leaders voiced support for reform of the business tax code. With republicans now appearing to head toward doing something about this, now that they have both houses of congress, is there anything standing in the way of the deal on that front . The prospects for Business Tax Reform are relatively good, given how hard it is to get anything done in washington these days. The reason i say that is we desperately need tax reform. As an entire tax code, individuals and business, but the white house has not been interested in individual reform at this time. They would all like to pursue Business Tax Reform, so there is real hope there on this shared objective. That said, the more you get into details, the more difficult it is and there is still significant disagreement. I would remind everyone that the business tax code desperately needs an overhaul. It makes us so noncompetitive, it is bad for the economy. There are so many ways that we could improve the tax code, grow the economy and help the deficit. Even though the details are hard, we need to get to work on this. If we extend these tax extenders, we should link to that a fasttracks is for tax reform and guarantee that within a year we will be squabbling over lastminute tax cuts again but will be implementing some real, fundamental tax reforms. Congress is also going to revisit sequestration, automatic spending cuts. How much pressure is there to roll back those cuts, and who wins and who loses if those cuts are reversed . Is a lot of pressure because the cuts to defense are significant, and to domestic aggression or are significant. If we roll back the cuts and replace them with sensible reforms in the other parts of the budget that are driving the debt, we would all wind he read these are the wrong parts of the budget to be focus on for cutting. It is not good for the economy or investment or for National Security. There are areas in the budget like in health care, retirement, tax code, where we need to make reforms. If you swapped out the stupid cuts in the sequester with smarter savings from other parts of the budget, we would all win. I hope we see that over the next year. Joining usguineas from washington, always a pleasure to have you on. Thank you. Still ahead, emily chang with her exclusive interview with Mark Zuckerberg. And later, tiger woods returns to terminate golf this week after a threemonth layoff. Why even his competitors are looking forward to him being back on the links. Continues in just a moment. We are approaching 26 minutes past the hour. That means Bloomberg Television is on the markets. Olivia sterns, a mixed picture on wall street after those ecb comments. Quiet day pretty overall in the benchmark indexes. The s p and dow are recovering near record highs but not a lot of action. Investors looking to tomorrows job report before they make any major moves. A couple names want to highlight. Barnes noble shares are falling after the chain announced it was buying back microsofts stake in its struggling nook business. They say it will be easier to make a split from the ereader business. Shares of ryanair are surging to an alltime high today. The European Airline boosted its profit forecast for the second time in the past few weeks. The company said earlier winter bookings are solid, helped in part by new destinations. Those shares are up by about 2. 3 right now. On the markets again in 30 minutes. More bottom line coming up after the break. Welcome back to the second half hour of bottom line on Bloomberg Television. Im mark crumpton. Mark zuckerberg sat down for an exclusive interview with emily chang. They discussed internet. Org, facebook cause partnership with mobile ship mobile company to bring access to everyone. Biggestrns out the hurdles are not either technical or affordability, it is the social challenge. The majority of people who are not connected are within range of a network and can afford it, but they dont know why they would want to use the internet. It makes sense if you think about it. If you grew up without a computer, you never use the internet. Datameone ask you to buy a plan, your response might be why do i want to use this . Facebook is a forprofit company, why call this a. Org . Is this nonprofit, a charity . Primarily focused on profits, the most reasonable thing to do would be to focus on the first billion people using our product. The world is not set up equally. The first billion people using facebook have way more money than the rest of the world combined. From a business perspective, it does not make a huge amount of sense for us to put the emphasis in this where we are right now. The reason we are doing it is we are here to help connect the world and we take that seriously. To some degree, you cannot do that if two thirds of the world does not have access to the internet. Over the longterm it could be good for the company as well, if you look on a 30year time horizon. A lot of these countries and economies will develop and will become important. To me now fromng san francisco. Why is this good for facebook business . You heard they are talking about in a shortterm that this does not make any sense, why should they be investing in this . In the long term he certainly hopes it could be good for facebook business. When you listen to him talk im a you have to be somewhat convinced that there is a part of him that wants to do good here, to connect more people. The question is, once facebook has the power to connect the people, how do they use that power . In the rest of this interview, we talk about exactly the vision he has. It is far more volatile and benevolent man some they think. He believes that it is not just facebook. Google is also trying to connect the world. Elon musk is investing in internet beaming satellites. Not Just One Company is going to a college this challenge, but facebook has to be a part of it. Helpuld internet. Org facebook get into china . A big question, china, a place where facebook is still blocked. Mark zuckerberg has worked on his mandarin, now involved in a chinese university. He says they are not thinking about it now. They want to work with governments that welcomes them, that share their values, that agree this is a good thing for facebook and the governments of these countries to be doing. They are very much focused now on africa, looking ahead to latin america, southeast asia, india. We did follow Mark Zuckerberg to india where he met with students there. He went into villages there to look at how these people are actually living, what they need when it comes to connectivity. Longterm and very ambitious project for facebook and Mark Zuckerberg. I would not expect anything less from him. Thank you, emily chang. We will have more on her exclusive interview with Mark Zuckerberg throughout the day here on Bloomberg Television. Shifting gears to the world of sports, tiger woods return to competitive golf today at the hero World Championship in florida. It was his first round since the pga champions tour in august. Our sports columnist is with us now. On your story, golfer Billy Horschel said of tiger woods, he makes our pockets deeper. Talk to me about the tiger effect, how it affects the economics of golf . All you have to do is look at the ratings last year for the fedex cup playoffs. It is the final events of the year where they give out 10 million to the winner. The guy thatl is won, of getting 1. 4 million for winning the actual jb and ship. All of that goes back to the growth of golf. It is not sincerely that tiger in is is in his heyday, but at the tournament yesterday, in the press conference, basically it was the circus is back in town. The amount of media attention, people that he draws to the game of golf is unrivaled in anything the sport has ever seen. The more heyes, plays, the more he wins, the more money everyone will make. He is happy to cash those checks. You have participated in scores of his press conferences over the past 10 years. Is he keenly aware that his presence on the course can make or break the bottom line, not only for the tournament, but for the Network Broadcasting the event . He is extremely aware. If not, his agent and everyone around him knows. It is hard to ignore it. There is the pga tour and then there is the tiger tour, the tournaments that he shows up at. The question becomes what happens when tiger woods tops and the guy that draws the attention . All you have to do is look at the tournament happening in orlando right now. , a youngieth 20yearold player is leading the tournament. None of these players cross over away from golf into the mainstream of sports and celebrity like tiger does. It would be fine but be the same as it is with tiger in his heyday. Have we gotten a glimpse of that, of tiger not being relevant anymore, as he has been recovering from his injuries . And that pr disaster no other way to put it after his personal failings. Do we have a sense of what golf might be like after him . Absolutely. Last year he played in eight tournaments, he did not have a top 10 finish for the first time in his career. That is absolutely what it would be like. I went to a number of tournaments, including all the majors, other than the british open, and there was a definite lack of buzz when he is not there. He missed the cut at the pga championship, did not play in the ryder cup. The masters and the u. S. Open, nonfactors. These were turning the that lacked buzz without him. Was there good golf nameplate and were theyre diehard golf fans interested . Yes. But the casual golf and did not have the interest in those tournaments like they would if tiger woods was involved. Thank you, mike. Coming up, if you are a fan of the good wife, or you need to watch sunday night football, you may miss them this weekend. It is time for todays latin american report. A londonbased investment is investing in columbia. They are among the banks and private Equity Fund Raising more than 2 billion to be used in building roads and other Infrastructure Projects in the country. Needstes show colombia 50 billion for these projects. The World Economic forums competitive index ranks colombia 130 out of 148 economies judged by the quality of roads. Janeiro, 20 16 olympic organizers are beating their sponsorship targets by 20 million this year. Organizers say their efforts were boosted by the countries access and hosting this years world cup. The agreement with 19 sponsors is excited to be completed this year. That would take sponsorship income of the olympics to 1 billion. Cbs has Given Dish Network an ultimatum. If no new agreement on these is reached by today, cbs says it will pull its shows from the carrier. Trish regan is with me right now. Lots of football fans will not be happy if that happens. Definitely not and that is something that les moonves knows. I spoke to him a few weeks ago and he pointed that out. If you are a broncos fan in denver, you will not be happy if cbs is pulled from the airwaves on dish. Dish is a Great Organization but i dont think theyre consumers can live without cbs content. I would not want to be in denver, colorado a few days after we are off the air and there is a broncos football game. I dont think people would be happy with that. You are a football fan, you may not be happy but its about retransmission fees. Its also about digital rights. Ofrlie ergen is making more a digital push. Cbs has already done that by rolling out its access to their programming online in any local market for 5. 99. Theoretically if you are a fan, you can go online to watch the game. I also spoke with dick parsons about this ordeal between moonve s and ergen. Charlie has always been a tough guy. Through theis way wilderness. If you were to look back a few years when Time Warner Cable got into the big buzz with cbs, and had their head handed to them, i think les is right. People do not really care about economics between the carrier and the provider of the content. They just want their football. It is football season, it is cbs. Charlie is going to lose. Content really is king here. Lets not forget, people love to hate the cable company. It is much more likely that people will blame dish rather than cbs. It really shows you the importance of content and certainly sports content. We will have more on this coming up on street smart. We will take a look at this deadlock between a cbs and dish. We will see you at the top of the hour. Thanks. Coming up, to mark the 85th anniversary of business week, dick cheney and others returned to a series of dinners they shared in 1974 that sent american fiscal policy for the next 40 years. And be sure to check out the latest edition of bloomberg businessweek. The 85ths issue is anniversary issue where we cover the 85 most instructive ideas in business over the last 85 years. There are five different covers, differentovering a innovation. Hits newsstands and tablets today and you can read it on the go with our new business we cap business week app. In 1974, dick cheney and donald laughter. Et with the three returned to the site to tell us about that moment to see evening. Art laffer, dick cheney, and i, would have dinner or lunch from time to time. 1974, they came to the hotel washington, to the two continents restaurant, and that is great we talked about tax policy. Art drew the laffer curve. I was with a writer for the wall street journal at the time but he kept all of these records. In an article much later, it was called taxes, revenue, and the ve. Er cur he recounted that dinner. Manage thetrying to transition from the nixon to the ford administration. The country was faced with some serious economic problems. What was coming up through the system was not what i felt represented the direction the country should go. Large measure, coming, it is safe to say from speechwriters, as opposed to economists. We spent a lot of time on economic program. I remember that well. We spent a lot of time in ski clothes in the living room of the house that ford was renting. A jerry ford was proposing tax increase, a 5 tax surcharge. Then talking with don back who was chief of staff, was deputy chief of staff. I said you are not going to get 5 more revenue with 5 more tax returns. You may also lose revenue because the tax base will shrink. I drew the curve on a napkin to illustrate that. Thats one of the events that stood out in my mind because its not every day that you see somebody take out a sharpie and markup the cloth napkin at the dinner table. That was his way. He drew on a lot of napkins. The special will air on tuesday, december 9, 9 00 p. M. New york time. We look at seven innovators whose ideas have changed the world. With over 30 Years Experience working in enterprise technology, he has become the goto turnaround guy. John chen successfully remade sybase, the raising and evaluation from 362 million to 5. 8 billion in a sale to sap. He is blackberry ceo, attempting to save the smartphone maker and return it to profitability by 2016. He is the latest guest on studio 1. 0 airing tonight at 8 30 p. M. Right here on Bloomberg Television. Also has an exclusive interview with Mark Zuckerberg of facebook. You can see excerpts of that interview throughout the day here on Bloomberg Television. Stay with us. Another check of the Market Movers is on the other side of the break. Have been upanddown following comment from the president of the European Central bank, mario draghi. Bottom line continues in just a moment. Get the latest headlines at the top of the hour on Bloomberg Radio and streaming on your tablet and bloomberg. Com. That does it for this edition of bottom line. Im mark crumpton. On the market is next. Whichis 56 past the hour means Bloomberg Television is on the market. Lets get you caught up on where stocks are trading as we head into the final hour of trading. Equity benchmark indexes little changed. The s p and dow still near record highs, the dow off about 17 points. The s p off by just three points. The focus for investors on the jobs report out tomorrow morning at 8 30 a. M. Shares want to look at of yahoo , up almost 25 this year alone. More than 200 since Marissa Mayer took over as ceo in july of 2012. The company is also on track to hit another big milestone next year. Surpasss poised to twitter as the third Biggest Company in u. S. Mobile advertising. Joining me now with a look at the competitive mobile ad space. S brian we hear so much about Marissa Mayer spending money on video, has been on a on bringing in katie couric, bobby brown, and the like. Why is yahoo showing so much traction in the mobile advertising space . A big focus on mobile and when she arrived, she inherited a company that was not doing a lot in mobile. This was a time when the revolution in mobile was well underway. She put a lot of money, time, resources, and said we have to get more people. They have done a lot of that. They have hired, rolled out new programs. It is starting to pay off a little bit. Thats not overstate how big they are in this market, but we are starting to see signs that there is traction here. What was it about the strategy . They camehe strategy up with, this new ad format . This was a key moment in early 2013, melissa called this team together, this team of great engineers together and said, we need to do a new kind of that here. Basically, it looks like what is around it, the content around it ad, so it is not as jarring to users. It is starting to play out. We saw more than a couple hundred million last quarter already in mobile. Discrete advertising. Tell me about what google and facebook are doing in this same space of mobile advertising to try to maintain their market share . They are still doing very well. Its interesting that they might be peaking this year. Their reignay that as holding the most share might be coming to an end next year. They are rolling out just an amazing amount of new services, new tools, investing in the works. At the end of the day, google and facebook still have a lot of eyeballs. When you have eyeballs, advertisers go there. They are using those advantages to the nth degree, if you will. I know mobile advertising does not make as much money as desk top advertising. Not sure why that is. But why are all these companies after this space if that is the case . Theou have to go where eyeballs are. Advertisers will try to figure out how to make this ad as the grid is lucrative as desktop. You have to go there because we are all using those devices now. Thank you, bryan womack. That does it for on the markets. Ith trish reganw start now. Correct hello, everyone, and welcome to the most important hour of the session. An trish regan im trish regan. Thats on mario draghi as the ecb is set to begin a broadbased stimulus package as soon as next month. Street smart starts now. First, heres a look at the top stories that