He says he is thrilled to death, sarcastically. Payingas talking about the penalty options. I did not think that was a joke. Were going to be all over that, as i mentioned. Mcdonalds is reporting their november sales. Alix steel is in the newsroom with more. We know they had a tough time in october. N did not seem to fare better. Globally, sales rose about 5 10 of one percent. That is shy of estimates. It does not look too bad. Behind the numbers, they were down 8 10 of one percent. They are seeing a steep decline. They cite competition and flat industry trends. They get 32 of their revenue from the u. S. They have a 19 market share, so this is a big hit. Offsetting the loss is europe, which is up 1. 9 . That is good news. Duenald says that is partly to strong sales in the u. K. And france. Germany was slightly negative. They are the strongest economy in the eu. Down in asiapacific were two percent, mostly because of japan. They sell their largest decline since february. Long return analysts are destructive on mcdonalds. They see International Development and product opportunity get what you want whenever you want it. As were seeing with samestore sales, particularly in the u. S. And asia, it is a long battle for the company. They do not have explosive growth that we expect from names like chipotle. We have some breaking news about another for food merger. Sysco will buy u. S. Foods. They will be buying u. S. Foods for 3. 5 billion. Getting back to what alix steel was saying about mcdonalds, we have this point that they are on every corner in the United States. People are looking at alternatives to get their food. We talked to the ceo of mcdonalds and this is what he said about the saturation question. I would tell you that were nowhere near saturation. I wish we were on every corner. We are not on every corner yet. We have a lot of opportunity. Clearly, in emerging markets. We have opportunity in the u. S. And france and in the u. K. And spain and italy. Many are markets we have been in for a while. In japan, we still have a lot of opportunity. It is a really interesting company. They have actually grown revenues. The Customer Growth has not been great, but the revenue has been improving. That is the sign of a well managed company. You do wonder how long they can stretch that out. Use all those visitors falling off. The younger visitors. This is principally a european story. There was a slight improvement in the european economy. I love how you use the text speak. Visitors. 10k fort through the mcdonalds this weekend. I have never read that. Very interesting and very simple company. Managing growth and Closing Stores and Opening Stores they are doing a good job of it. We have a fun story coming up. Nigella lawson, have you been following this court case . Fun for us. She has been in court on a whole different issue. It deals with two of her aides and whether they spent money on her credit cards. This is about her cocaine use. That is what is so interesting. She is not the first celebrity chef to blow up in the kitchen. Ity paula deen she handled herself very well in court. With both humor and humility and making fun of her situation. Some of these charges in the context should go away. We will have a guest on who has followed how they handle themselves in scandals. Talk about fights, to billionaires are in a space race. We will find out the winner this week. This is elon musk. He is an entrepreneur who Just Launched a rocket into space. He wants control of the launch pad at the Kennedy Space center. Nasa wants to turn it over to a private company to save maintenance costs. Musk has made a proposal for spaceex. Jeff bezos has his own space company, blue origin. He has made his own bid to run the launch pad. This will be ruled on by thursday. What is with these guys and space . They see a business opportunity. I know the case about jeff bezos. They have this fascination since youth. There is a wonderful biography about jeff bezos called he talks about the interest in space. It is something that he has been fascinated with. He started this Blue Origin Company secretively in washington in a strip mall. I dug up the paperwork. He has been working at this for quite a long time. He is a dark horse in this. He could do quite well. Nasa has stepped back from the business. There has been a huge boom in the space business. Because of hdtv. That has caused every company to launch satellites. Theyre still wondering what the next move will be. Space tourism is a big . Question mark. This is causing them to fuel their businesses. Hellas jeff bezos feud by others . Amazon is a total powerhouse. It was hard to imagine 810 years ago that they would be a true competitor shall walmart. He has done it in a very competitive way. Is probably doing 2. 5 billion in revenue. Much of the modern Silicon Valley is being built on the back of amazon. Com. Is really Big Companies they are probably valued north of 5 billion. They are using the Business Services of amazon without building up. Silicon valley loves amazon. They are able to grow their businesses off those services. The drones issue came up last week. I am curious how others view jeff bezos. He said he would deliver packages by drones. They sucked the oxygen out of cyber monday. They do not have any drones. On friday, we were at ebay. Emily chang spoke to john donahoe. She asks about the pr stunt of using drones. Listen. Are you going to show me an octocopter . We are not focusing on long term facet fantasies. A fantasy . That was a slam. Ebay has a product called ebay now. You can order something and get it delivered within a half hour. You do not need a drone. As a ceo said, what is the big deal . I have known drones for a decade. A little jealousy, i do not know. Stunt,as a brilliant pr but it is not a product on the market. You can see more at bloomberg. Com or on our ipad app. Currencyvirtual bitcoin has had a wild ride. It plunged more than 20 on friday after baidu suspended payments. , we decidedttention to celebrate the 12 days of bitcoin. Who better to celebrate than matt miller . He is kicking off day one. You have been trying to five bitcoin . It has been proving more difficult than i expected. You have to be able to navigate the cyber waters of the millenials. I cannot figure out the internet as well as younger kids can. I am 40. It took me a while to figure out. It is,did not like originally, i had to link my bank account everywhere. People were asking for my Social Security number and credit card. I want to live off the grid. In my jeep with water and guns. Bitcoin,e your first you had to give up all of this information. To people you did not know. Andnt in to coinbase. Com they were asking me to link my bank account and credit card and social. Why am i giving these people my information . Backed sites, so they should be safe. I could sue this guy if i needed to. I could help you out that. Is there a possibility what were you expecting . You could also do it locally. There is also a site called localbitcoins. Com where you can find people who have bitcoins. I was having trouble doing it. I was searching for people and found a guy at yonkers. He said, lets meet at a starbucks. Bitcoins, was out of but he would get more later this week. It was like buying weed. Week, trish regan was asking Alan Greenspan about get bitcoin. You have to meet a guy at starbucks and he says he is fresh out . On how closeds they are to age 19. I am kind of into it because i am 40. Tom keene thinks it is insane. Balance Alan Greenspan does not even believe in it. Neither does China Central bank. They are about allens age. That was the problem last week. China central bank said no way. Baidu said no way. It plunged in one day. I could buy one in one hour. Are you going to buy one . On the show. I have a guy. All legal and above board . Right. We will look forward to that. You are buying one bitcoin . One bitcoin for 800. We will be back when he buys bitcoin. We have a Great Program ahead. Scott from virginia is in the loop. We will talk about healthcare. Gov. Did he sign on for obamacare . And scandal what does this say for not Nigella Lawson . And also the toronto mayor, tom ford . We are just Getting Started on this monday morning. It is deadline day for members of congress. They need to enroll under obamacare by the end of the day, are they risk losing their government subsidy. Is with us, and also peter cook has more on healthcare. Gov. As lawmakers are asked to enroll, some are having trouble. Including john boehner. They have had some problems signing up for health care. They had to do it by the end of the day today. Members of congress are facing the same technical glitches and sticker shock as they are retired required to drop their Health Care Plans and sign up to the exchange. They would have to eat their own cooking. That is what has happened. The reality is that they do have more options. They can choose among the gold level plans. The government also picks up 75 of the premiums. Lawmakers get into the Online Exchange for d. C. , not healthcare. Gov. That has spared them some problems. John boehner has signed up for an individual plan. He said it took several hours and he does not like the end result. A new 800 premium. My Health Insurance premiums will double. My copay and adaptable will triple. I am thrilled to death, as you can tell. Many democrats reported problems enrolling. They are getting covert better coverage and cheaper premiums. They may be eligible for medicare as well. Thank you very much. With me for more this morning, in new york for a change, is congressman scott rigell, a member of the house budget committee. Thank you so much for joining us. It is great to be here in person. The building itself is really inspiring. Thank you for the opportunity. I am glad that you find that. First up, have you signed on . Personal decision, from the beginning, i have declined every benefit. That is about three years or so. Each member this is just consistent. Correct. Each member has to make a decision as to whether or not to enroll his or her staff members. I have worked very hard to protect so many people from what i think of as the unaffordable care act. My decision was to not require my staff to enroll in that. So many families are reeling from this. I did not want my staff to. Did you find that your premiums would go up and your copays would as well . Certainly. What Speaker Boehner just described is being replicated by members of congress and their staffs and others. When my staff walked me through a would happen to them, i could not in good conscience enrolled him. Enroll them. What are you going to do about health care . I have cash i am an entrepreneur. All of my staff are on the federal program. They can stay on that . That was an option for us. I do not fault those who put their staff into the exchanges. It did not seem right for me and that is the decision i made. Another talking point is that the act is going to increase premiums and make it more expensive. You have given up the fight to repeal the act. It is not a talking point. This is real life. This is families truly reeling financially from us. This is happening to individual members of congress and their staff. This is not a talking point. Is now the focus. Versus getting rid of health care . We can do the math. We went through a nonproductive shutdown. On the first day of that, i tweeted that we fought the good fight. That was running contrary to where my conference was. I did not see it Getting Better for our nation. Do you think that we well do you think that you will leave for christmas break and we will have a resolution . I hope so. This is an extraordinary week. We have multiple things coming at us. We need more certainty for the american people. The likelihood of that is still in the 50 range. I would like to give you more of an answer. You cannot. We were working through the weekend as well. Thank you so much. Cory, telephone is going on. Jpmorgan is not the only company sweating. Details coming up with a new investigation. And also, staying overseas, we are looking at fiat. Will their bad stem the losses . You are watching in the loop. We are streaming on your phone and bloomberg. Com. Good morning. We are here in new york. Onwe had quite a market day friday. The jobs report came in much better than expected. We are not doing very much on the market right now. There have been a lot of economic indicators. The results i am looking at have been very weak. Low singledigit growth. The market was off to the races. The Economic Data seems to be cranking up. Theres a lot of news. With the way that this with the way that stocks have been going, you would think it would be boring. Maybe we got a little indication in the jobs report. Scarlet fu has breaking news 4s. We are looking at whole logic. The shares are falling after they made an announcement that they will appoint two independent directors. Two that have been proposed by carl icahn. A areclosed that he owns team percent stake in hologic. Two independent directors have been added to the board. The stock is falling in reaction. In terms of the markets, futures indicate a higher open. We did have a emerging markets stocks climbed overnight and we are also watching the yen. The euro yen is that a fiveyear high right now. Japanese growth was lower. All right. Here is a look at the top headlines. U. S. Airways is announcing the completion of their union. They are emerging from two years of bankruptcy. Become the leader. You can use your cell phone on an airplane. The federal Communications Commission will vote on thursday to eliminate more than 120 years of fans on cellular calls. The rule is said to be outdated and unnecessary. Thursdays foe will be followed by Public Comments and a final vote. A Tech Companies have joined together to ask the government to review its surveillance programs. They wrote a letter to the president of congress saying that the government has a duty to protect citizens, but the balance has tipped too far in favor of states. Jpmorgan is not the only big tank with hiring practices in china that are being probed by regulators. Goldman sachs, deutsche bank, and morgan stanley, and Credit Suisse are facing investigations. Violated riperve s inost bribery law exchange for having business steered directly to their firm. Mike mckee is joining us. Dennis is joining us from washington. Dennis, lets start with you. You say this is been a long time coming. Reason whyctly the these banks should be regulated even more. Im not so sure it is quite that. We have a farflung operation of global banks. The headquarters in new york have no idea what is going on. There appear to be reports of systemic illegal contact conduct in china. Jpmorgan, jamie dimon and his executives had no idea what was going on with london whale. When you have banks this egg throughout the world, theyre not just too big to fail, theyre too big to manage. This is the latest example. I wonder what the report made you think today. I was amazed at the spreadsheet that they had. They were tracking the value of the hiring of family members. In particular, there was one family that they said the new york office would be surprised by his napping habits. I wonder what was most egregious to you. It reminds me of the libor scandal. These farflung operations thinks nothing about complying with the law. They actually track input in their emails and ims and they keep spreadsheets of what appears to be blatantly illegal conduct. Remember the conduct act that makes it a crime if you hide anything in exchange for business. I understand the jpmorgan has some spin. The documents are pretty clearly contradicting in a defense here. It appears to be clear that they are exchanging hiring for business. There kind of a gray area here. There has to be a quid pro quo. It is not that companies do not do this all the time. All companies are constantly hiring people to do internships. Perhaps in the hope that they get business. There is no explicit tie between the two things. That is the gray area here. At this point, we do not know. Otherwise, there would be prosecutions already. Thisey said that we hired guy and got this amount of revenues. Whether we want to believe them or not, they have offered a defense. They say that this was a post de facto spreadsheet. They did not get that much. Go ahead. Mike is right. It certainly is great. I did not say it was illegal. It appears to be illegal. There are a lot of facts that we do not know. Companies do this throughout the world. The problem is, while it may be a competitive problem, the United StatesPublic Policy established that u. S. Companies are simply not going to be allowed to engage in corruption and bribery in foreign countries. It is not whether or not it is a competitive disadvantage. It is whether it is illegal. It is clear that it is illegal. We will find out. To your point, how is this any different than banks here hiring former treasury officials . Tim geithner did not go to work for pincus because they liked the haircut he has. He has connections. Look at peter at citigroup. Wall street is a revolving door. People go there. It is not necessarily corrupt, but it is the same thing. Certain people are hired to get certain deals. We showed some of the biggest cases in the last year. The big French Oil Company with operations in the u. S. Had to pay money because they were accused by the ftc of having a set of fake contracting bids. To get access to oil fields in the middle east. Those were very direct quid pro quos. The challenge is to look at those places and documents. Is this the way that businesses being done in china . The way the law is written is that it is harder to do this oversees the men in the u. S. Example should be an and not contribute to the corruption. Even if other countries are doing it. Dennis . This is not like hiring tim geithner. Jpmorgan chase is alleged to have higher the daughter of the deputy manager minister of the communist