Transcripts For BLOOMBERG In The Loop With Betty Liu 2014110

BLOOMBERG In The Loop With Betty Liu November 3, 2014

Hickox says the actions against her were politics, not science. She says new Jersey Governor Chris Christie was see was being dishonest when she called when he called her quarantine necessary and she has much on any symptoms of ebola and is now at her home in maine. I understand that the community has been through a lot in the past week. I apologize to them for that. I will not go into town and be in crowded public places. I have had a few friends come visit me in my home and that is absolutely fantastic. A judge in maine rejected her request by state officials to quarantine her. One of the Worlds Largest Advertising Companies is making a big push into digital. The french firm has agreed to pay 3. 7 billion forsabient based here in boston. The Companies Say they have agreed to build a joint platform. The European Airline is flying high. Ryanair upgraded its profit for the second time this year. Any slowdown in the economy could push travelers in its direction. The ceo also said lower fuel prices are helping. Fuel is helping at the moment. Oil prices are falling and we are hedged to march 16, about 93 per barrel. By raising load factors which have been taken up four percent, it spreads the unit cost across more passengers and thats the key to is lowering our unit cost. They hope to return to profit after losing money in its last fiscal year. It was the wind and not the runners that set the record of a new york city marathon. The wind was blowing 35 miles per hour. One. Yan kenyan pulled away in the home stretch. With octoberut sales, up 22 . Thats go over to matt miller. Its the 55th consecutive month of rising sales for chrysler. Is listed on the New York Stock Exchange and beat analyst estimates. They sold over 170,000 vehicles in the month of october. The really interesting thing to focus in on is the game at jeep, over 50 sales growth for the jeep brand come the best ever october the that brent. It is these lower gas prices that are helping yet chrysler so mort jeeves and helping Companies Across the Automotive Industry so mort suvs especially the small crossovers but also the bigger ones. Gas is down to 2. 50 in some places. People at the pump are thinking maybe they can afford to buy an suv in some instead of a small car. Cheers a small cars are falling. I will look into this release and see if i can find any hands of the fiat 500 losing ground. Suvs and jeeps and chryslers are doing quite well. The gas does are gaining speed. Our election day is finally here and control of congress and 36 governorships are on the line in tomorrows election. Republicans are feeling pretty good. They seem to be gaining momentum. Peter cook has the latest on the race. How nervous are democrats right now . They are very nervous. What we see now is a late push by republicans. It has added to the hostile environment that democrats are already facing going into this election and are dealing with an unpopular president. Americans are still worried about the economy despite signs of recent improvements and add the ebola scare and the Islamic State and the arab insurgency around this election time and its been difficult challenge for democrats. We see that play out in the final weekend of this campaign. The momentum is clearly with republicans. In iowa, the republican is up 17 points which is a big blow to democrats. Toy were counting on braley pull out a victory in iowa. Iskentucky, Mitch Mcconnell hoping to become the majority leader. It has been a tight race there. The latest poll, nine point advantage. Its a challenging and firemen and he looks safer as he is poised to become the Senate Majority leader. And youve got the state of georgia, the democrats best hope to still a republican seat. Has run outn really Good Campaign but she is trailing by four points. Democrats really have to play a perfect hand of fate can control the u. S. Senate. It is a daunting challenge. It looks like it is too close to call right now. Republicans need a net gain of six senate seats, which ones are looking most likely . Victoryasiest path for includes going through montana, west virginia, and south dakota. These are three states that him locked up or republicans for a while. Every poll indicates they will take those seats. The next best bet in terms of getting that magic number is iowa, and probably colorado. Candidate has been leading consistently. It has been a tight race and that has been a good race and that would be a big blow for democrats. Louisiana is the category of likely to flip to republicans. Democrat Mary Landrieu is taught is trying to survive in a very red state. It may only get decided after a runoff in december in louisiana and georgia and the same thing when i get decided until a january runoff and there is still a possibility we will finish election day and still not know who has control of the u. S. Senate. If republicans take control of the Senate Finally for the first time in nearly a decade, how will the white house respond . Its tough decisions for this white house. We will see either confrontation at every turn or maybe just the possibility of compromise in some key areas. People have talked about business tax reform, trade, infrastructure where there is Common Ground to the white house and congressional republicans. Come first test could after the election will president obama deliver on his promise to issue that executive order easing deportations were some undocumented immigrants in this country. If he does that, it could poison the well right away and signal these final two years of his presidency could be marked by confrontation. We will have to wait and see but the white house has some decisions on a on its hands if republicans to control the senate. When the polls start to close tomorrow, we will start the bloomberg all it takes election all nighter. For covers for races across the u. S. Starting at 7 p. M. Eastern going on all night. Billionaire Richard Branson says he will slow his quest for space space durham tourism after the crash of his first flight. Has aral investigators too early to draw conclusions about why the ship rock apart killing the copilot and seriously injuring the pilot. We are a long way from finding cause. We still have months and months of investigation to do and a lot we dont know. We have extensive data sources to go through. This was the second accident in just a week involving a private spacecraft after an unmanned supply rocket from orbital science exploded seconds after liftoff. All of this mean for the upandcoming space to remit Space Tourism industry. The tragic events raises questions about the viability of Space Tourism but also what will happen from here on out. Analyst and space he said because we are talking about Richard Branson having this huge issue, that is going to essentially set back the industry 13 years. He is more optimistic than another analyst who says his industry will get set back 35 years. Regardless, some issues need to be ironed out like safety standards. Number two, more tests need to be done. This is just the fourth time the Virgin Atlantic flight was tested. It was due to go up in spring of next year but there needs to be more mixers of fuel and inspection of systems. Richard branson and 2010 said he might be flying in orbit with his son by 2012 and i spoke to them then and he said they would do it by the end of 2013. It was not just his ambition to travel in space, he thought it would be a game changer for the whole commercial air travel industry. Take a listen be the start. There could be 70 people from Great Britain to australia mets three or four hours. For years, he has said this we done october, 2012 and now the tragic accident on friday pushes that horizon back further. Who are some of the other players and who is leading the pack . He the pioneer and as a result, 800 willing people believe in his mission to put people in space and he has collected close to 80 million as a result. Players include export aerospace. It will be interesting to see who maintains the number two could because number one be versioned galactic but if you look at export aerospace, they have done some test flights but there is not much of a track record as of yet. They have not given a time table and the issue is funding because they are not funded by billionaires. And they are not selling tickets yet. Yes, no one has given a clear timetable. Sierra nevada is working on their version called the dream chaser. They did not get a contract from nasa a couple of months ago but they have met all of the requirements. This is probably one of the safest. They have done several tests. You have a blue origin which is backed by jeff bezos. A lowcost option into amazon style. It looks like the industry is going to take a hit. After the tragic accident, regulators will likely get a call which could affect things. That is a good thing. Safety is of the utmost importance. Of course, thank you so much. Moving and shaking this hour, Billionaire Hedge Fund manager david einhorn, his company gained more than two percent of his Main Hedge Fund last month as his peers were losing money because of market volatility. The Greenlight Fund is up almost five percent this year. The hfr Global Hedge Fund yearx is down this and they plan to accept more money new money for the first time in two years. Coming up, online retailers are bracing for the surge, Holiday Shoppers are expected to by 13 more on the web than they did a year ago. Branson spacehard ship to crash and investigators say will be month before we know and we will talk with a former astronaut from nasa, mark kelly. Rolling backare the christmas kickoff amazon started offering a series of daily deals and walmart slashed prices or roll them back on 20,000 items moving up the usual kickoff day by nearly a month. I want to bring in marketelwood where he explores american shopping habits. Good morning and thank you for joining us. To bes a good idea marking down all of your merchandise so far in advance . For the shoppers, is thrilling. 40 off but for retailers, its called a price war because there are casualties. Doing at this early in advance of christmas i think shows they are really scared. It certainly does rate of desperation. Rita of desperation. Black friday was the day when retailers went to the black and became profitable. Isnt there a risk that they will cannibalize themselves . Thats a great point but the risk is that we are chemically programmed to respond to discounts. Dopamine i call buyagra. Once you try your the dopamine with the deals, it means more and more deals and more often to get that going. Its a vicious circle. That will eat into their bottom line at some point. How do the discounts stack up . I went out to walmartcom and i gearh for disney frozen and i found thanks. The dolls were rolled back at walmart. Itwhen walmart announced would price match with amazon which is a huge deal there were rumors going around that that will be a formal announcement, the irony is that walmart. Com was already 17 cheaper than amazon anyway. Walmart is saying we will price match but is more of a pr stunt. I would start with walmart before i go to amazon. Back to the idea ofbuyagra, we had the ceo of guilt and this is the man who pioneered the flash cell model whicl. Are consumers suffering in the United States. Is big fundamental challenge that it is never executed online as good as amazon. When they grow another 20 billion, is another knife cut into the walmart longterm strategy i dont think they will turn that around. There is a little bit of fatigue over flashy sales. What will it take to turn shoppers on . The problem with flash sales is that they are just malls online. Guilt, one of my sources tilde 40 of its merchandise is specially made for guilt. That means youre not really getting anything that was originally expensive. Youre getting knockoffs. Tilt has bad return policies and its hard to get a refund. I would rather go to a local outlet mall where i can take things back. A day out at and the outlet mall. There was a lot of disappointment laster because many thousands of presence never mated underneath the Christmas Tree because everybody waited until december 23 to take advantage of free overnight shipping. There was bad weather and perhaps there was not enough staff at ups and fedex. Have we learned any lessons from last year . I hope so. The simple thing to do is not to wait till just before christmas but go to a Sales Associate and go to Customer Service online and ask for discounts in advance. I think you will find that they are imperative give you some great deals before they advertise. You can currently snag that 11 power deal a few weeks in advance and not worry about the shipping. Also retailers are trying to promote instore pickup because they get rid of that cost of distribution and shipping. Any big comparisons between what will be different this year versus last year . We are just going to see more migration online. Costco said they will not be open on thanksgiving. That is telling us is everything is shifting online. Perhaps the stores will not be open on thanksgiving but its encouraging people to check the digital channel. Its all digital. If everybody is moving up these discounts, do those terms mean anything anymore . I think cyber monday will go away because that was really an invention on the back of black friday. Always lack freddie will be a popculture moment but if you want online deals, you will cook with turkey and have your laptop next to you. Thank you so much. We appreciate your time. Still to come, falling gas prices and rising car sales, is there any connection . We get the latest figures from the big automakers coming up in five minutes. Good morning, this is in the loop, on Bloomberg Television, streaming on your phone, your tablet, and bloomberg. Com. I am Olivia Sterns in for betty liu. 13 years after the terrorist attacks of september 11, 2000 one, the World Trade Center is open for business again. World trade center 1, 104 stories officially opens today. Conde nast will be the First Company to move into the building which is the tallest in the country. A former bank of america employee has been charged with the murder of two women in hong kong. U. K. National work at the banks Merrill Lynch unit since july of last year. He faces life in prison if convicted. The murders occurred almost 11 after anotheray employee was killed. October was a strong month for automobile sales. Nissan and chrysler Beat Estimates. Nissan reported 13 increase. Crossover fell. A similar story at chrysler, overall sales were up 22 versus estimates of 20 . Truck sales rose 28 but car sales were up only four percent. People are really buying the gas guzzlers. On the markets Bloomberg Television is. Time for futures and focus gold futures are trading near a fouryear low this morning. The precious metal capped its first monthly declines of the year last week. Joining me with a look at what is pushing down the present gold and how you can make money off of this move to the low side lets bring in greg bender and craig hurwitz. Greg, what is behind this selloff . Take all the headlines and you combine them together its all about the dollar. The dollar going higher is better for gold and commodities. On top of that is a strong start market and disinflation and wage growth and oil these are combining to give an offer to gold. Youre also referring to the fact that the fed stopped quantitative easing at the same time you have the bank of japan saying they will start buying assets and make a move toward japanese bonds to equity and that pushed down the yen which helped the dollar and that is what gold is where it is. It was almost like timed perfectly and traders have been focused on a pattern the gold market back to june, 2013. 1180 1200his support level but when it bounces off of that, it has been weaker and weaker. Last week we had the first close before that support levels of the trend followers will be looking to sell gold looking for lower prices, maybe as low as 1000. One of the followers is todd horwitz. How . Would you be treating gold now agree withning, i everything greg said. He is 100 correct. Ofver, the short side the boat is getting full. As a traitor, im looking for a bounce a little over four year lows. I think we will get some sort of Short Covering rally. He the jobs number this week and mario draghi speaking this week so i am looking for a nice bounce off of this 1170 level. Below 11 60s the most recent low. I think weve got a good chance to run back to 121250. Other than that, the trend is lower but as a traitor come im looking for a quick bounce i think we can make a quick score by ingold at about 1170. Were looking to move back toward 1200. Let me get this straight you say you will be a buyer of gold at the current price which is about 1170 per ounce. Youre expecting it to rally and get back to about 1200 which is a profit of 30. Since gold trays and contracts of 100 ounces, you are saying youll be making a profit of close to 3000. Time for a little pop quiz the word of the week this week is Commodity Trading advisor. Can i call itcta . Thats whats known as in the business and a commodity trader advisor is like a Financial Advisor except for commodities and not stocks or bonds. Do islly what ctas manage money and managed futures accounts. They have a bunch of different strategies they employ. , shortuld be technical golden long coffee, or they could be fundamental where they

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