Leaders in the house and the senate supported that bill. International blowback after the release of this disturbing cia torture report here at the center of feared revealed that suspects were treated more brutally than previously known. In 2000 nine. Ded president obama spoke about the report in an interview. I can categorically say anyone who engaged in any behavior like this will be directly violated my executive orders and my policies as president of the United States and would be held into account and was breaking the law. It will not prosecute cia officials. After rebounding for one day, the price of oil is falling again. Lowerexas intermediate is as well. The forecast is the lowest in 12 years. But it is a boon for american consumers. Jpmorgan already facing the highest capital surcharge. 20 billion by 2019 to meet new fed standards. Says it is well capitalized and plans to meet the fed requirement. Emails. Documents and emails, sonys a cyber have led to attack. More on an explosive email for you in a moment. Quite a read this morning. Back on the spending bill, an agreement on tuesday on a spending plan. If approved, it would avert a Government Shutdown. Willveryone in Congress Like what they find inside the belt. Had iknow what you know you have been tracking this. There was lastminute trading which is why were pushing this deadline. The bipartisan bill would avoid a Government Shutdown assuming the house and Senate Passage later this week. We will talk about that in a moment. Wille the legislation, it make people very happy and others it will give heartburn. Big picture in this bill, it funds the government. One exception we talked about all week, Homeland Security only nextng funding until early year as republicans take a whack of the president S Immigration action early next year. Money here for ebola. The than 5 million, overseas operation. Ig deeper into the legislation the wall street push out. It is a repeal of the doddfrank rule that would have required major banks to an out there trading businesses. This. An will benefit from you also have republicans pushing to ease rules requiring truckers to drive for only a certain amount of hours. Funding for legalizing pot in the district of columbia. Republicans which for that. Favorite, and endangered specie. John boehner goes behind closed doors this morning with House Republicans to sell them on this legislation. We will know in about an hour or so whether there were any problems. The senses that we will not get any, on the public on the republican side. How are they responding . Nancy pelosi says she is hopeful House Democrats can support the legislation. But she said they need to review the bill. They have not seen all of the provisions within here. Some democrats i can assure you will not like everything inside here, including the wall street provision. Elizabeth warren calls it. Eckless peter, thank you so much. It looks like we will make it here no Government Shutdown. Equity futures. Joe wrote about greeces president ial votes this week which will be held next month. It says watch out, if you would see the slide is months in the making. Investors have been selling off on grief for quite some time. Yes. More and more people were paying attention to it. Greece was sort of the center of the storm in 2011 in 2012. Then it got quieter. In 2012, they had an election and a majority stable government was able to get together. The issue now is that Coalition Government is not stable, they might need to snap parliamentary elections earlier this year. If they do, the party leading is the far leftist party and they. O not like the existing system it is hard to see, it is really about what will happen, but you have an issue where the entire platform is against the way the bailout is structured. They want to stay in the eurozone, but, they are diametrically opposed to what eurozone conventional wisdom is veered could we see a repeat . Bringing up the ugly nightmares from 2011, but could we actually see a repeat of what we saw in greece and have that contagion effect . It is possible. In 2011 in 2012, a lot of focus was on debt sustainability and whether these various countries had too much debt. It is a similar story now. Be a real political crisis in the eurozone and does that start with greece . Oh boy. Years and years. Thanks. Moving and shaking this hour is the uber ceo. It seems as though the service is either being banned or sued. False assurances to customers about driving background checks. This all comes a week after the news that they raised a new round of funding, valuing uber at a whopping 40,000. I want to stay with uber. The early stage investor in companies, like the huffington post. Uber . To get your take on it is pretty crazy. I think the company is fascinating and fantastic. I do not think anyone has argument, that is a great service. Everybody uses it. It is fantastic third there which isof great miss, inevitable. Literally recordbreaking rates every single day. I think theyre having trouble keeping up with it. They are having issues with how to handle the scrutiny of being a Company Everyone is looking at. Be ay figure out how to big company. Weeks to doave had it. Have you ever seen a test on a new company like this . It. Have you ever seen a test on a new company like this . There are very quick turns on this. Ies like physics takes a turn. Remember groupon. Company everybody said growing in the whole world and three weeks later, they said, it sucks and we hated. Hate it. This happens very regularly. The privacy issue any amount of data they gather. It is not just uber. Do you use this tool . Tell me about the data. Who owns it. Who is looking at it . I want to play a little bit of what the founder said about privacy. As we have grown, we have added more and more safeguards to those privacy policies internally just in the last few weeks. Certain employees are able to see in regards to users information. A good conversation to be having, and one we are open to working with him on. This Like Companies like need to get more data out . Personally, as someone who is not too concerned with this i do not attest about my personal data. There have been lots of concerns over facebook and there are a bunch of companies, google, who have extraordinary amounts of data. Is scary to have the data out there, but at the end of the day, i think the stuff around them targeting specific users, that is sort of terrifying, but generally speaking, i am not concerned uber knows where i am going. Think, clearly there is a level of access in a system where someone like travis can go see where i am going and how i spend my money, but im not concerned that theyre using that information against me or how that would possibly do that. Much more ahead, including, it is the best kept secret at amazon and fedex, making sure your holiday president present gets to where theyre supposed to go. We will be back. No matter what you buy this Holiday Season or how you buy it, a good chance these on your gift list, walmart, amazon, fedex, all around their packages through a distribution facility. The company has 15 billion worth of space across 21 countries, checking crucial supplies along the way. Also with me is my guest host. There is a story out about how amazon, being worried about what happened last year with fedex and ups, they decided to take more control over distribution and shipping and that, is that the trends to come . Last i do not know for sure, but it makes sense that a company that is very active in this kind of activity, would want to control more and more of the logistics there it if you think about it, they are a logistics company. For them to get closer to the customer that way, and do more of that themselves, it is a logical progression of their business, i would think. Our business is great. That. Ry ceo says the business is the best it has been probably since 99 and 2000. The reason is not because we are in a great economy. People have been disciplined this time around. We have not overbilled the market. Demand is ok. Supplies great era meaning there is not very much supply. We are getting pricing power, and globally, we are a at about 90 occupied. Havees at the highest you had . The highest since the late 90s. Read less corridor went up 10 yearoveryear. We are getting pricing power, andpant the, rental growth, there was one segment of our lagging, the was small consumer, space under 100,000 feet. We were worried about that. That was late coming out of the recession. A lot of it was tied to housing. Small business formation, which is always in the engine for growth and job creation, finally kicked in in the last six months. Speaking about Small Businesses, you see a lot of entrepreneurs and Small Businesses. What are you seeing them . Surprised you are seeing all these Small Businesses coming and going. There is obviously a boom of entrepreneurship and a boom. Round ecommerce you are playing in the right trend. Are you finding that for you, is it specifically ecommerce tracking the growth . Is a really good question. Ecommerce is about 10 of our overall business. But in terms of our new development activity, it is about a quarter of the business. That is growing at 20 percent per year. Growth rate is higher and the shares are going up and it is a much eager share of the new development business. Yesterday, a story came out about how twitter, speaking about ecommerce, twitter will start selling books, with their buy button. I know facebook has tried this as well. Mediare you seeing social lies, people actually conducting transactions . We are seeing it and we have been doing some tests specifically with instagram, where we partner with a company that enables you to use a and i want something, and you get sent an invoice. We are seeing that actually working. It is a very small part of the business and interesting place to tests. It eventually would be compelling if you could transact using apple pay and not having to use any credit card information, and just buy on the spot. But i think we are a long ways off from this actually happening. Allill believe facebook and the social networks, pinterest will be interesting, but facebook, twitter, instagram, are still great places to consume content. But i think they are pretty far removed. I have to say, i am surprised pinterest does not do more commerce on their site. I know for you, you do not care. Wherever the dollars are flowing in, it is final fine for you. Stay with me. We will talk more about retails and consumers. Much more ahead. Consumers are not the only ones in love with online shopping. We have got much more on that. Plus, a big jump in sales of warehouse. Costco earnings coming up. Youre watching in the loop live. Good morning. I am betty liu. A look at our top company names. ,eating wall street estimates sales rose 7 . By comparison, walmarts sales rose just one half of 1 in the last quarter. Airline posts higher than reported it may rise higher than next year. Credit to a stronger economy, yes, and also a cheaper fuel. Close easy oil prices coming down next year, saving the industry a certain amount of money. Down, so willcome the average fare. Not all of that will go to the bottom line. Relatively good Global Economic growth here that is the main driver of improved results. Classes that if you have the strongest earnings performance so far this year. Quarterly profit rose. A company says it expects results in the next fiscal year to be similar to the one that ended in october. The average price of one of these homes, 747,000. Thousand recovery is underway and we are back down again. We are on the markets here, about an hour away from the opening bell. S p futures are in the red down 2 10 of 1 . Growing concerns of Global Growth, but also political turmoil in greece. We are on the markets again in 30 minutes. Retail, the ecommerce boom not only being driven by consumers, but also investors. Many are betting on fashion. Case in point, harrys, a start up, trying to undercut Companies Like gillette by being the parker of shaving, just released a new round of funding and 75 million. , a slew of eve retail related companies. With us who is also in retail, a chairman and ceo on the backend of all of this business. Why is this so hot right now . I know these companies have been butsted in tech companies, they are really fashion companies, right . If you look at ecommerce, the elephant in the room is amazon, who owns the market very what amazon is amazing at is the fulfillment pieces, like the backend logistics. At creating as good the emotional connection with the end user and that is why you are being these, whatever category continuing to emerge. These guys are figuring out how to use the Digital World to create these relationships and use the market channels that exist and you social quickly in a space where amazon cannot compete because it is not what they do well. That is why you see some many people invest in this business. Growing pain for Companies Like this . The challenge is obviously getting recognized and building a brand people start to think about, when theyre going to make their glasses purchase, for instance. It is not making the classes themselves or getting the shaving kit. No. In harrys example, what they did is they found a facility in germany that was making really highquality razors, and they went out and started producing razors with them and ultimately raised a ton of money for typo tiger mobile and bought the facility. So they owned it and to end. They are critically integrated now. That is why they have raised so much money. Andly, to fund the purchase expansion of this facility, that is really their play. With a lot of these other guys, theyre using other production companies, in china or whatever it is, to go until the product. What theyre getting good at is the interface with the consumer. See Companies Like this, they are all going after amazon, but are still just a small piece of the whole pie. Do you see them eventually being customers of yours . You mentioned before there is an element that deals with Companies Like this. Sure. We deal with Companies Small and large all over the map. Is it isappening getting much easier to start a business. Manufacturing in china, fulfillment, all the pieces you have to own before are getting easy to rent in some form or fashion. Companies can experiment and get into business. Are six that are successful can then do a cheaper. As it seems like harrys did in one case. So it is much more toeresting and much easier start businesses today than it was 10 or 20 years ago because all these pieces are available. Companies like amazon will do a huge amount of business. If you add up all these little companies, they probably amount to 10 or 20 . It is a niche product but i think it is important and certain segments, it is very important. How do you scale up Something Like that . There are a few different side, but one of them is, for millenial consumers, i do not think it is michie. These kinds of businesses are where they want to go. I think they care where they spend their money and who is making a product that they own. They consider the product they own to be an extension of themselves. Nichek these little businesses over time will not look like little niche businesses. They will grow into an two important big businesses. To take a big bite out of a company who owns the licenses to every single fancy sunglasses brand you have ever bought. Right. But then does it yet tricky . Does it get tricky when you start to go from that and now you will open physical stores and then you will get into manufacturing . Time is,estion over does it look like a traditional . Usiness that remains to be seen. Theyre opening a bunch of stores successfully. There are two schools of thought. One school is that the retail as as are doing it marketing channel, as a way to build equity and breakeven but have the brand appear bigger than it is. But why they why do they need to do that . Amazon is a special case i do not know there will be a lot of amazon. It is amazing that alibaba exist and that there is another amazon. Amazon is a totally different business there it almost all the products, they do not own. These niche is mrs. Have much higher margins and they are really about creating the moa the emotional bond. The way they will get valued by wall street, when these companies become public, is really as brands, and not just getting valued but getting valued for the brand equity they built. You would rather rent to amazon than you would one of these companies . Would rather rent to anybody who would rent and flexible buildings. Not comehey make it or at the end of the day, if you have a company designed well, of course we want all of our customers to be successful and we have Larger Company like credit is their better in all of that. But at the end of the day, we are agnostic here it is long as the channel continues to grow and more and more consumption goes through the online channel, this is three times as spacex it. Because theyre shipping everything. In small units as opposed to pallets. The shift in consumption into the channel increases the space. Is it more likely amazon would become a competitor of yours, then become a smaller business . Absolutely. Their return on capital is much higher. The return on capital people , innd in real estate effect, we have slower growth. I do not think it really makes sense from a capital standpoint great to see you. Thank you for stopping by. Much more ahead, the new start for the new republic. Employees washed out last week in protest over the companys changing direction. We will dive into the new world of online publishing. Stay in the loop. A new report says disneys one of hundreds of companies that benefited from lower taxes in luxembourg. According to a report, and corporations lower their tax will from less than 1 of our profit. Also name disney documents in the sony. Ttack emails between the top sony executive and a producer. It was focused on amy and her leadership skills and her ability to focus on producers like this who blasted them. This one focuses on Angelina Jolie. That was one of the tamer