Ceo tim cook has said i realize how much i realize how much ive benefited from the sacrifice of others. If i can bring comfort to anyone who feels alone or inspire people to insist on the quality, it is worth the tradeoff with my own privacy. You can read all of tim cooks remarks in the new issue of Bloomberg Businessweek, on stands now. We have got much more. The dollar against most major currencies a day after the fed closes its door on easy money. The Bond Buying Program is designed to boost the economy. Janet yellen and crew decided the economy did not need as much help. Still, theyve committed to keeping Interest Rates low for a considerable time. President obama says that quarantines and travel bans. This part of ebola. Wont stop the spread of ebola. Until we stop this outbreak in west africa, we may continue to see individual cases in america in the weeks and months ahead, because that is the nature of todays world. We cannot hermetically seal ourselves off. Showdown in maine between the states governor and a nurse who was quarantine. Kaci hickox was 14 briefly in new jersey. Dallas quarantine briefly in new jersey. Quarantinedtening really in new jersey. Efy is threatening to div the governor. Barclays says it is sitting site 800 million in legal costs. The bank is being investigated for alleged rigging of currency markets. All the drama that a World Series Game seven should have. With Madison Bumgarner on the mound for San Francisco on Salvador Perez pops up and it is all over. The giants win their third world series in five seasons. Named, of course, the series m. V. P. Oh, boy, were the celebrations out in San Francisco. I want to get straight to scarlet fu, who has a look at the numbers. When you knock out the dilutive effects of onetime items, mastercard, . 89 per share, compared with the consensus of . 78. This is slightly more than what analysts had anticipated. Purchase points of 11 as well. Good news all around. Shares of moving higher by 2. 6 . Of visalows these s estimated earnings as well. Story, theour top fed. We are all digesting what this means not just for the market for the economy at large. Julie hyman joins us now with the market reaction. The fed really emphasized the increases in and improvements weve seen in the job market in the united. Interpreted byas investors as more hawkish than it had been previously. Were seeing expectations dolphins the fed funds futures market that we might see built into the fed funds futures market that we might see. Lets see how this is playing out around the world. Some 600, we are seeing the kleins and concerns about what the higher rates are going to mean not just the u. S. Economy but the Ripple Effect on economies that are a little more uncertain footing. This comes as a measure of sentiment in october showed improvement. Fell 1. 5 , this after joblessness actually fell in germany last month. Despite that improvement we are seeing declines across the board. In the u. S. Market, seeing some declines even though we know that higher rates are coming but investors are rejiggering expectations. Also rejiggering their expectations in the treasury market. The 2year note in particular, we saw the biggest increase in yield yesterday. Interesting that this morning we are seeing how much change in the 10 and 30year yields. A check on the dollar. The dollar is continuing to move higher. This is the bestperforming major currencies you today around the globe. We will talk more about this throughout the next two hours will stop lets turn back to corporate news. Streaming Services Like hulu and netflix are making it easier and cheaper for consumers to move beyond the cable bundles good as Traditional Networks are learning, if you cant beat them, then you joined them. Rupert murdoch is rallying the Television Industry in a bid to win over the court cutters cord cutters and shavers. I want to bring in paul sweeney, who covers things all media and tech. Rupert murdoch made some of his most detailed comments yet on what he thinks about a la carte pricing and ordering cord cutting. Pretty strong, saying that the Big Media Companies have to embrace this he waited the tumors are consuming content. They are not just relying on their cable tv package or satellite package. They are getting it direct from the internet. Hbos cbs announced it will streaming services over the internet much like a netflixtype service. Rupert murdoch is saying that the industry has to do more of this. It reminds me of jeff bewkes years ago calling netflix the Albanian Army and dismissing them as any kind of challenger. Murdoch at this conference said many things but one thing he mentioned that he believes his colleagues are all finally toing together good and want i want to read you quotation from this event. On the same page and we will fight as hard and as fast as we can. That sounds good but come on, these are big egos running big companies. Can they come together . One of the big challenges for the Media Companies is existing system is working for everybody. My cable tv package, the satellite packages, they are big , including 20 center dot and no one makes more money denver murdochs Company Including 20th century fox, and no wonder makes more money than Rupert Murdochs company. They have to recognize that Consumer Behavior is changing and people are moving away from their paytv packages, they are cutting the cord, shaving the court, and the companies have to be there. Tablee warner results show they were losing hundreds of thousands of video since records. Paul, thank you for that losingthey were losing hundreds of thousands of video subscribers. Paul, thank you for joining us. And shaking this hour, new Jersey Governor Chris Christie. He marked the second anniversary of Hurricane Sandy in new jersey by getting into it with a heckler. The heckler was protesting what he called the slow pace of rebuilding new jersey. Were going to get into a debate and will get very interesting and very fun to somebody like you doesnt know damn thing about what you are talking about. I have been here with the cameras are running and you want to have a conversation, im happy to have it, but until that time, sit down and shut up the heckler tried to make amends, asking christie why dont you come to my house for dinner . Christies response was there are about 1000 things i can do tonight and going to dinner with you is 1001. Ouch. Peter cook, ive got to get your take on this. It will look at that exchange in think that people that exchange i think that he might be good running new jersey but can he run the country . Vintage chris christie. Highlights the risk and reward of chris christie, the street Straight Talk and one thing which that is appealing to a lot of the public and other. But that tone strikes some as a bully and that is a turnoff to others. The leadership, the Straight Talk, and yet at the same time the risk factor as well. Christie said in the last few weeks that by the way, hes is very confident about the gop, especially confident about winning the midterm election,. Aking control of the senate what does that mean for the next two years of the Obama Administration . You have been looking into this. Lock that they will win the senate but the odds favor publicans. Either we are looking at gridlock on steroids for the changing power in the senate could potentially bring about compromise on some issues. The democrats and republicans im talking to in bc much more convinced of the former. We are looking was likely to rely on steroids the two parties are so split. Republicans are so opposed to do that they will perspectives any hint of compromise or Mitch Mcconnell and john boehner. Rankandfile republicans are pushing for votes to repeal obamacare. I could poison the well early. Republicans see little indicate that could poison the well early. Republicans see little indication that the president wants to play ball. You will see the president breakup of each of them on republican priorities. Im sure on some major Energy Issues is not going to change anything. I think you will the trench warfare for the next couple of years. Trench warfare. Mitch mcconnell said in an interview this week that if he is majority leader, a full repeal of obamacare is it on his immediate to do this, given the likelihood of a veto. He would target the medical device tack. That sparked immediate consistent from conservative immediate criticism of conservatives from conservatives. There are people who see some areas of compromise. That is the alternative scenario. The minority view would have you believe that the two sides can bridge their differences and cut deals. Why . They want some success to show going into the 2016 residential rates and they are not that divided on a range of issues. You have business tax reform, trade deals where republicans are more alive with this more in line with Congressional Democrats republicans are more inline with Congressional Democrats, and also immigration. Takingre to tune in to stock they because peter interviews aflcio president richard trumka. We will be back. The anticipation and analysis for weeks in the making. Now we officially have our answer. Investors are still digesting and dissecting every word of the fomc statement yesterday, including Bloomberg View columnist Mohamed Elerian, writes that the fed, rather than singling will telegraph signal for Going Forward and keeping options open in an unusually fluid economic local and global environment. Hat is his interpretation joining us now is the former fed reserve governor during the depths of the financial crisis. Chicago at the booth school of business at the university of chicago. Great to see you again. Yeah, great to be here. Would you agree with Mohamed Elerian . They have several options, or have they actually narrower than . Clearly finished the Purchase Program released this Purchase Program, but they said, well, we will have to see how the economy and inflation evolves over making any commitments about what time means. That is reasonable given the in the middleisks east or africa or the ukraine, to say that were on a clear path to the economys not quite right. But yellent right, did say that they continue to see improvement in the labor market. Sunset after reading between the lines that they thought we saw a more hawkish fed. The inflation hawks on the fed did not dissent. A number of the people who wanted the program to wind down were very happy that it did, and i dont think they would decide on the end of the program itself. The fed has to acknowledge that there had to be some reason why they were ending the program and so they had to knowledge that there has been some considerable and substantial improvement in the labor market could but that doesnt mean they arent there and goal. That doesnt mean that they are at their end goal. That doesnt mean we will raise Interest Rates next week because the economy is booming. It aint. It aint, and has nouriel yesterday, ito us might be the only hope in the global economy. Many playback for you what real were being let me playback to you what Nouriel Roubini said about economy. Obviously it is fragile territory for the global economy. There are 4 engines of the Global Economic airplane united states, eurozone, japan, and china the only ones that are working is the u. S. united kingdom. Japan is slowing down sharply after the consumption tax increase. They want to do it again next. And china . China is in a structural slowdown. So we are essentially three engines of Global Growth that are sputtering or selltalling. Engine , randy, and an airplane flying on one engine. What does the fed do . The fed will be monitoring the domestic and international risks, and it will be monitoring inflation very closely. The motivation for the beginning of qe, when i was still at the fed, was to fight deflation. There were people concerned that this would lead to higher inflation. Inflation expectations are still quite well anchored. The fed wants to keep the option in case something goes wrong. I dont think they see that. They made it clear in a statement that they do not think that deflation was coming, but they wanted their options open. Was interesting was Alan Greenspan yesterday saying that there was one very big failure of qe, that they do not create the credit that qe was intended. For my perspective the first wereecond rounds of qe laser focused on the threat of deflation. When the expectations started to come into the markets in late 2008, that is when we acted. All right, randy you are watching in the loop live on Bloomberg Television. Good morning. I am they view. Mastercard out with profits that beat wall street estimates this one in this morning. Net income was boosted by new deals with retailers including walmart and partnerships with Tech Companies including the new apple pay system. You must have been under a rock if you didnt know about that. Sa hadad first vi firstquarter profit that topped analyst estimates. Weighed down by a onetime litigation fee. Samsung is posting the smallest profit since 2011 as margins were squeezed by competition from apple and cheaper chinese rivals. The Worlds Largest smartphone makers said that profits fell 49 from a year ago. The company is counting on its wraparound Screen Technology to stay ahead of the competition. It is 26 minutes past the hour, which means bloomer television is on the markets. Equity futures are lower, on the same path we saw as yesterday with the fed statement where they did what everybody had expected. They ended their tv program. Options are of an ongoing Interest Rates are going to rise. They say that there will be a considerable amount of time before Interest Rates were going to gain. You can see equity futures slightly lower. S p futures down half percent and dow futures are all in 0. 4 . Nasdaq futures are down by 0. 4 . We are on the markets again in 30 minutes. So to stream seems to have lost its soda stream seems to have lost its pop. The company was forced to cut its forecast by 500 million. In company is mired at home as it shutters a factory located in the west Bank Settlement. While sodastream claims it was purely commercial, palestinian and it is claim this as a victory. Middle east editor Elliott Gotkine joins us now from tel aviv. Most Companies May be somewhat affected by the geopolitical risk so this is at the heart of it here for sodastream. Due date out to a little pressure did they bowed to political pressure . Sodastream says not, that it makes sense. They say that it is an island of peace that brings most indians and it brings palestinians and jews together in harmony. Dastream, which has been building this new factory in the southern israel, which increases the capacity to churn out those ers, many times they knew the factory was going to come on and if you step away from the controversy it doesnt make sense to have two or three factories in israel when you have one big one that can meet all of its demands. It makes a lot of sense but does it signify or what does it signify about doing business in the area . Well, look, it is not without controversy. Isthe stream sodastream the only International Company that works in the west bank. The company has maintained what would you rather do . Certainly do all seem to work and harmonious conditions there. But i think the issue is so controversial earlier this year we are Scarlett Johansson splitting with oxfam over criticism of her fronting the campaign for sodastream, and a reammonths later sodast vehemently defending its right to have that factory. I think the Company Never really wanted of the workers in the factory to think, look, were going to be out of a job in a few months time that might affect worker relations, whether they are as keen on working there if they are going to lose their jobs a few months down the line. Sodastream probably waited as long as it could make this announcement. They came online with such bravado and hired charlie joins in and bought that big super scarlettigher johansson and bought that big Super Bowl Ad to avoid the political overhang over this company but as we see it as such them back in. Elliott gotkine, middle east editor for Bloomberg Television. Breaking news on the jobless claims. 287,000 for the week ending october 26, pretty much in line with what economists expected. Scarlet fu seven breaking desk with more on the numbers. The number also came out of it 30. This is a take on how fast the economy grew over the border. 3. 5 and will growth for the third order Third Quarter. Last order, the second or, fastest its 2011. That itself was payback for the slowdown in the first quarter. The increase of 3. 5 . Core