Bowl. Kicking it off with the thing everybody is talking about. President obama going in front of the Senate Chamber tonight for his fifth state of the union address. Can we get a sneak peek . We know from white house officials, the president tonight will announce that for federal contractors he is going to sign an executive order mandating the increase of a minimum wage up to 10. 10. 10. 10, the federal minimum wage right now is 7. 25. That is 14,500 a year for a fulltime worker. These federal contractors how many are there . About 200,000 people. This is the start of the first push as he tries to Pressure Congress to pass a broader federal increase. How many federal contractors to say would be affected by an increase . Maybe a couple hundred thousand. But the president is leading by advantage example. Last year he called on congress to raise the minimum wage. He supports the bill that would not only raise the minimum wage to 10. 10, but would also provide for a costofliving increase periodically. A couple hundred thousand. That is. 06 of the u. S. Population. Its a start. But some republicans are not buying the minimum wage mission. We are going to see a lot of the same themes in this years state of the union as last years state of the union. There has been an inability to get anything done on tax reform, entitlement reform, fixing our economy. The president has to resort to the small measures to circumvent the congress. So the issue is not that the president wants to raise the minimum wage but how he wants to do it. We have seen the challenges of getting much done through congress. Even though we have been able to get major pieces of legislation through, what the president is unwilling to do was simply wait for congress to act and work with them. He will continue to work with them, but he is also going to take action on his own. He is going to sign executive orders. He is also going to use the telephone and bring people into washington who want to make progress, create jobs, and grow our economy and provide opportunity to hardworking americans who just want to succeed. No surprise, republicans are not too supportive of this management style. Welcome to the real world. It is hard to convince people to get legislation. It takes consensus. But that is what he needs to do. Not taking his pen and creating law. Times of divided government are frequently good times in terms of achieving things for the american people. This president , it seems to me, after the 2010 election when the American Public issued a restraining order, the president has hung out on the left and tried to get what he wants through bureaucracy as opposed to moving to the political center. We are anxious to help him create jobs, but we are not going to go over and endorse more spending, more debt, more taxes and more regulation. Got the picture . Republicans are not buying it. They want more face time. He has reached out to republicans time and time again. He has solicited their ideas. There is barely a speech he gives where he does not say if you have suggestions for how we can improve legislation, ways we can move our country forward, i want to hear those ideas. He does not just want to hear what they are against. He wants to hear what theyre for. That arm has always been out reached. You will hear that again, a call to work on both sides of the aisles. But it takes two. That is not what republicans say. I have not talked with the president or democrat leaders about this issue because i have laid out what needs to happen , and they have yet to come forward with any plan. It should not stop reasonable democrats from working with us. The president and democrats refuse to discuss changes to those programs unless it involves raising taxes. Dealing with the white house is like dealing with a bowl of jello. That has gotten hurt. But surely republicans would never do what the president is doing, going around another body of government or Something Like that. If the president will not do something with the debt, we will take it to the american people. We need perspective from the man who has covered of dozens of state of the union speeches. Talking about al hunt. Harry truman was sick of having economic advisers say on the one hand, on the other hand. This is going to be that. He is going to say, the state of the union is getting better, but it has got to get a lot better. He is going to allude to executive action, but that is small ball. He cannot do much there. He is going to lay down markers on income inequality, but also seek some accommodation. I dont think it is going to be a defining speech, but it is nevertheless an important speech. Important how . This is one of the rare times there is a semishared experience in america. The president gets to address 33 Million People on television and so many more millions online and on social media. Eventsw of ants attract as big of an audience, it is a real opportunity. We asked this question every time there is a state of the union. Our that many people really paying attention . Are that many people tuning into social media, twitter, whatever it may be because they care about what the president has to say on this one night of the year . They are interested, but not passionately concerned. Year by year, more dispassionate. He will have half the audience bill clinton did . Why . Because there are so many alternatives. Dont forget. You didnt have some of these cable outlets 20 years ago. Having said that, you also didnt have facebook, twitter, all of that. So it has changed, but it is still an opportunity. I dont think the president s Approval Rating is going to change all that much. First, the country is polarized. I dont think you can change people with one speech, but you can play a role in setting the agenda for discussion for the next couple of months. So, what can we expect tonight . The president mentioned 41 proposals in his last eight of state of the union. Two were passed. We will have full coverage of the state of the Union Tonight at 9 00 p. M. On Bloomberg Television. The whole issue of income inequality got tom kurt tom perkins filed up fired up. We discuss recent comments regarding the holocaust in attacks on the one percent. And arctic chill in the entire midwest. How cold is it . About 22 below. Look at lake michigan. That is cold. The deep freeze has forced school closures, train delays, flight cancellations, you name it. Hang in there, chicago. This is lunch money on Bloomberg Television, streaming live on bloomberg. Com, your tablet, and your smart phone. I am adam johnson. The founder of one of silicon valleys most prominent Venture Capital firms wrote a letter to wall street journal that he compared the nazi war on the thenone percent the jews to the current progressive war on the one percent. He wrote mr. Perkins, your timing is impeccable. Yesterday was International Holocaust remembrance day. Countries around the world commemorated the 6 million jews who died in the holocaust. Perkins did send a letter to the Antidefamation League apologizing for using the word tallnacht and explained it to emily chang. The use of the word was a terrible misjudgment. I dont regret the message. What is the message . Any time the majority starts to demonize a minority, no matter what it is, its wrong and dangerous. And no good ever comes from it. But why even mention kristallnacht . I used the word because during the occupy of San Francisco by the occupy wall street crowd, they broke the windows in the wells fargo bank, they marched up to our automobile strip on venice avenue and broke all the windows on all the luxury car dealerships. I saw that. I remembered that the police just stood by, frozen, and i thought well, this is how kristallnacht began. So that word was in my mind. More than 90 jews were killed in kristallnacht, 30 thousand people put in concentration camps. What were you going for with this analogy . The jews were only one percent of the german population. Most germans had never met a jew. And yet, hitler was able to demonize the jews. Kristallnacht was one of the earlier manifestations. There had been others. And then we know about the evil of the holocaust. My point is that when you begin hatred against a minority, it can get out of control. Lets just remove the holocaust analogy and talk about income inequality. Again, impeccable timing. Tonight the president will address this tonight in his state of the union address. Raising the minimum wage and closing the income gap will be at the top of his agenda. Perkins says stop with the class warfare. Let the rich do what the rich do, which is get richer, but along the way, they bring everybody else with them when the system is working. Perkins mentioned an article that highlighted his point that class warfare had gotten out of hand. They got into the discussion of the idiocy of rolex watches and why does any man need a rolex watch . It is a symbol of terrible values, etc. Well, i think that is a little silly. This isnt a rolex. I could buy a sixpack of rolexes for this, but so what . That comment caused a small explosion on twitter. Here is some advice perkins has for the 99 . I think the 99 across america should Pay Attention to politics, follow where it is going, do read the newspaper, dont try to get everything over twitter and facebook. Its not there. And worry about the future, because right now, i think america faces a very, very troubled future. Quite a jump to assume the 99 doesnt read newspapers. In the end, he says being an object of scorn is just part of life. I am an old man. I look back on my career with great happiness. It i think i have accomplished a lot. If i had to do it again i dont know what i would change. And im at peace with myself. The fact that everybody now hates me is just part of the game and i am sorry about that, but that isnt what i meant to do. You can watch more of emilys interview with tom perkins on bloomberg. Com tv and on our free mobile app, bloomberg tv plus. When great is not good enough. There is only one company that knocks the cover off the ball and then investors run for the exits. That is coming up next. And meatloaf unplugged. The rocker talks music, acting, the super bowl, and fight club. Also, we want to tell you folk singer pete seeger just died. If i hadt known for a hammer and we shall overcome that he inspired generations of musicians, from bob dylan to bruce springsteen. He was 94. In tech, when great is not good enough. We are talking about apple, the maker of the ipad, which sold a record 51 million iphones in the final quarter of last year. Profit and revenue beat estimates. And yet the stock fell. Cory johnson, what is going on . They reported fullquarter sales. The iphone unit sales were 51 million. Only six percent or seven percent over the previous year. Growth of six percent is not a spectacularly growing business. Margins were a little better. Interestingly, there was a 14 increase in the number of ipads sold. They introduced a more dramatically different ipad in the same quarter, the ipad air is very thin. It doesnt take an analyst to figure out there is a disconnect between wall street and apple. The Surveillance Team tried to figure it out. Apple is about profitability. A decision lots of people have criticized, that is with a cheap iphone is. We talked about honda. They are kind of moving into the bmw model. They are a smaller percentage of the market, but they will maintain their brand and reputation for excellence. You look at their overall market share and it has gone from 182 to 18 . They are growing, but at a much slower rate maintaining higher margins. Was it the right choice . Hard to say. I have this phone, it is a miracle. Here is the thing. Tim cook said there was a product problem they had. Too many 5cs, and not enough 5ss. And the challenge was to focus on was it the right approach . Apple has a very narrow focus strategy. We will build only a few products, only a few models. It has great advantages. One thing people dont talk about quite as much is because they have a very narrow product line, it is very easy to design apps for it. It is easy design to design addons. That helps the other line of business. I dont share the gloom. I think the New York Times did a more balanced approach than others. I know they missed it, but if you took the name apple out and called it stearns, everybody would say it was pretty good earnings. If you look at increased revenue per quarter. And profitability, right . It is not a great sign. That combined with the other struggles since tim cook took over. There is a lot of pessimism. You look great on instagram. Nick thompson, ask what you can do imagine what you can do when it becomes your wallet. Here is the other question. You can pull up another phone that can do that now. A couple years ago there were things you could not do. From hightech phones to hightech cars. The Auto Industry loves showing off. How many of these things make it to the streets . We will tell you, coming up. And, time warner, charter, comcast. We will break down this potential blockbuster deal. This is lunch money on Bloomberg Television. Also streaming on bloomberg. Com, your tablet, and smartphone. Im adam johnson. In todays moving pictures, where the video is the story, the Prime Minister of the ukraine has stepped down. He says he hopes his resignation will diffuse the countrys political crisis and put an end to two months of violent protest clashes between protesters and police. Our slater, lawmakers repealed antiprotest laws put in place by him. 50 workers marched into a wholesale market in hong kong. The mission . Keep local cases of bird flu from spreading. They were ordered to cull thousands of birds, mostly chicken, after authorities in eastern china announced a ban on live poultry sales. Finally, a centuries old treasure has been returned to italy. A stolen manuscript was found in florida. It will be repatriated to the italian government. It is taken from a prayer book scripted in latin, with a small, colorful portrait of st. Lawrence. Ford reporting record annual profit in north america and asia. Fseries pickups in the u. S. And ford focus compacts in china led gains. Here is the ford cfo with the Market Makers team. What we got into is profits of 7 billion 8 billion this year. Compared to 8. 6 billion in 2013. Gives you a feel. 7 billion versus 8. 6 is almost 20 . Is it really that expensive to roll out new models that it would cut your pretax profit by 1 5 . Yes, because we have so many different products we are launching and tripling rollouts in america, including the allnew f series. It can have that effect. We announced today that we will have 13 changeover down weeks, if you will as we prepare for that launch in the Fourth Quarter this year. Jamie butters of Bloomberg News explains what the record profit means to forward. Ford. We saw a pretax profit in north america. Ford runs their business using a pretax profit, the number they like to use. The important thing about that is that is also the number the uaw is using. That is the number that sets off Profit Sharing. Along with fords record profit in north america, in this final big moneymaking year on the old f series design, the uaw workers are going to get 8,000 on a piece on average as their share of that. That is part of the new model that has made detroit so much more profitable. Rates and higher Profit Sharing for workers. Ford has introduced a number of new models recently. Where did all of these ideas come from . Concept cars. Matt miller checked them out at the detroit auto show. Lines and radical designs defined concept cars. Most will never see production. So why build them . To gauge customer reaction and create that allimportant buzz. Here are five concept cars. From pure fantasy to nearterm reality. What you see behind me is an example of both what is amazing about concept cars and the problem with concept cars. This is the toyota st one. It was a bomb dropped on the detroit auto show. It might be gorgeous, but the car doesnt even have an engine. Execs tell me there are no plans to build this beauty. This is a honda concept. Although they will make a fuel cell vehicle in 2015, for the u. S. , this has a completely ok plastic greenhouse. You cant get in and out, and you definitely cant drive it. Expect the real car to look not nearly as cool. Some concepts like this audi are made to display a certain aspect of future cars. In this case the showcases on the interior. There is no center stack, and all the gauges will be in the display right in front of the driver to keep his eyes on the road while operating the vehicle. Sedans the nissan sport concept. It is a rolling concept which means there is powertrain inside. It does have a transparent glass roof. A lot of people find the design really striking. People are saying this could be the next nissan maxima, so it could actually see production. On the spectrum of concept cars that will never be made and those almost in production, this one falls at the lucky end for consumers. If you want a long coupe with 500 feet of torque, the mercedes is about to become a realization. They will only change little things, like these mirrors. Motors designer, generally credited with inventing the idea of the concept cars. The media triple play. Time warner, comcast and charter. We will explain what this big cable deal might actually mean for you. And how did meatloaf become the love . His answer later. This is lunch money on Bloomberg Television, streaming live on bloomberg. Com, your tablet and smartphone. Im adam johnson. We have a connection with some of the biggest names in the business working on a deal. First, the headline. Comcast reporting a 27 profit increase in the Fourth Quarter and adding 43,000 subscribers. Its first quarterly gain in nearly six years. It will raise its annual dividend by . 90 and plans to up its stock buyback by about 7. 5 billion. Comcast is bringing muscle into a big cable deal starting to take shape. Here is how it will work. Acquirewill potentially new york and new england subscribers from Time Warner Cable if charter can buy the rest of Time Warner Cable. Alec sherman broke