High definition detail. Not exacting what you expect from a and affordable easy to install camera system. That is exactly what you get, super clear cameras, no cables, no wires. What is going on at your home, whether you are there. Blink is making Home Security easy. Over one Million People. It is one of the easiest cameras to set up. The quality of the image is very good. It is color and it is sharp. There is high resolution. That makes a big difference. I can see people very clearly. I didnt have to run wires and it is very easy. I cannot do anything complicated and i put all of my cameras by myself so i know that it is very easy. Your home is your sexual wary. How can you keep it safe and secure, even when you are not there. You can check on deliveries and spots suspicious activities day or night. Do something about it the moment it happens. Get away from my car. Now you can do all of that with blank with motion activated, high quality Security Cameras for your home inside and out. Now with twoway audio, all you have to do is blink. I can see you. Affordablefers an camera Monitoring System that is so easy to use and so simple to set up, you can be up and running in minutes. Best of all, when blink Home Security cameras, there are no monthly contracts, no costs and no installation fees. Is the best Security Camera. Wase is no monthly designed by engineering graduates and has been key to wire free, worry free performance powered by two standard household lithium batteries that last up to two years. Power oncret is the demand microchip technology, a tiny amount of repower is used to keep the system alert. Signalsview, the system the battery to deliver full power. Meansower optimization battery can last for up to two years on blink cameras. One thing that concerns me when i saw there were batteries, man, this is going to run out quickly, and i will be changing these every five minutes. That is not the case. I have had the blink Monitoring System at the property for about two years, and i just changed the battery on one of them about two weeks ago. Installation is a breeze. Just plug in the module which connect to your wifi to produce an extremely clear picture on any device. Download the free blink app. A few simple steps to set up, and you are good to go. Because they are wire free, place blink cameras anywhere you like around your home. Video and audio recording is motion activated, so when something happens, you are alerted and can view and respond on your smart phone. Smile, pal. You are on camera, and i am calling the cops. Blink cameras can deliver clear night vision. Why use expensive Home Security camera systems that come with contracts and monthly subscriptions, have wires, and can be difficult to set up, or have professional installation which can cost hundreds . The positives is there are no installation fees. Youre doing it yourself. Anyone can do it. You buy your system, set it up, and do not have to worry about anything else. The blink camera system does everything i needed to do without any substitutions. Enjoy peace of mind. It is easy, affordable, and affordable at a special tv only offer. Stay tuned to learn more. Right now, i am talking to you through a blink Security Camera. And so i my and so i my. So amazingly clear. Not the distortion or blurriness you might see with other Security Cameras. Blink are so simple to install and use. It makes Home Security accessible for virtually everyone. Take a look at this. This is a blink camera. What is the one thing you notice first . No wires, no cables. Up to two years without changing the batteries thanks to the power on demand technology. John plug in the sync module and you can put a camera pretty much anywhere, because the cameras do not have to be plugged in. Put one over the front porch, another over the back door. Maybe one in the garage to look out for your bikes, tools, and car. Wherever you want to keep a watchful eye, install blink. I have one on the east side of my home and one in the backyard. I have one downstairs in the living room to view the garage door, and then i have a secondary camera, which is in my front living room, and then i have one that up in my garage. I put two in the front, two in the back. It has worked out like a charm. I can install it, i can uninstall it, and i can move cameras as needed. It does not get any easier than this. We are going to show you right now. John is going to install a blink camera outside. He is installing the camera on a tree. You can put a camera pretty much anywhere around your home. All he needs is two screws for the mounting plate. Hold on. How easy was that . Blink cameras are weather resistant so normal rain and snow are not a problem. Watch. I am going to make it rain on this blink camera. There we go. Really soak it down. That is good. Now, it is so easy to use. And there it is. That is the view from the camera john just installed, back to a nice, clear picture. Lets talk to him. Hi, john. Looks good. Nice work. John could not be easier. The blink camera is weather resistant with clear quality video. Also the field of view is up to 110 degrees, motion activated within 20 feet, and two way audio. John no matter where you are, if you want to see what is going on, just blink. I would say the blink Home Security system is definitely a nobrainer. Anybody who wants to monitor and keep an eye on anything that matters to them, whether it be a loved one, a home, a pet, this is the easiest way to go, and it works. What is so impressive is seeing the thousands of fivestar reviews on amazon from blink Home Security products. Here is what they are saying. This system is absolutely incredible. For the price and ease of install, this is perfect. No monthly fees, no wires. What more do you want . The reviews were great. Now that i have a system, i would not have anything else. Finally, everything you want in a Home Security camera system. Here is how to get yours. No wires, no monthly contracts, no hassle. With blink, you get a complete Home Security camera system to help keep your home safe and secure even when you are not there. It is easy. Just blink. Nobody has to call anybody to install this system for them. They can do it themselves. It is a perfect system in the palm of your hand. Blink, wire free cameras provide hd video and twoway audio security for your home. Bye. Anks,bye inside and out. According to the fbi crime statistics, in 2017, a burglary happens approximately every 22 seconds, with properly losses estimated at 3. 4 billion. You want protection and peace of mind. Blink cameras are activated so , when something happens, you are alerted, and you can view and respond on your smartphone. Hey, i do not know you. I am calling the police. Spot suspicious activity day or night. Several incidences have happened in our neighborhood where kids have been casing cars, checking doors. Keep an eye thing on your loved ones. Hi, dad. I will see you after work today. Have a great day. Just blink and you are there. Blink cameras are so simple to set up, you will be up and running in no time. I am not a technical person but i was able to set it up following the instructions in no time whatsoever. Put your cameras inside or outside, anywhere within 100 feet of the sync module. Because they are weather resistant and run on aa batteries which last up to two years without changing. The secret is blinks advanced power on demand microchip technology. A tiny amount of Battery Power is used to keep it on alert. The system signals the battery to deliver full power. The lithium batteries, you can run off of those efficiently. I dont think there are any other cameras out there that do it. Blink cameras can be accessed from multiple devices and each one is customizable. You can set the monitoring zone and adjust the motion sensitivity. You could pay hundreds of dollars for a Home Security camera system that requires professional installation, lots of wiring, and monthly contracts. Why would you spend all that money when you can monitor your home on your own with a touch of a finger . Now, you can, with the blink Home Security camera system in this special tv offer. You get two blink cameras with special features including two way audio, the sync module that uses your homes wifi, which allows it to connect up to 10 cameras, plus a yard sign and decals to let criminals know you are using blink. All for just five easy payments of 49. 99. Theres no monthly contracts, and theres more. Call now and you will also get a blink flagship indoor camera, an almost 70 value euros free for ordering today. That is an amazing deal on the blink home package. For a limited time, save an entire payment. Get the three camera system, a 280 value, for just four easy payments of 49. 99, but you have to call now. This is a limited time offer. Be among the first 200 to order and get free shipping. Order with confidence. If you are not completely satisfied, you can return it within 30 days for a full refund. Get peace of mind protection for you and your family at a fraction of the cost. Call now and take this important step to keep your home safe and secure. Just blink. Call now to get the blink complete home package at this special tv savings. 18002131387. Or online at buyblinktoday. Com. Call now. I would challenge you to get the blink system and come back and tell me you do not like it. Because that is not going to happen. [laughter] according to the fbi, one home burglary is committed approximately every 20 seconds. They want to get in, they want to get out, they want to go undetected. We want to give them deterrants. You can help prevent these burglaries and home invasions by having that Security System with Video Surveillance and notifications. Smile, pal. You are on camera, and i am calling the cops. Ever been away from home and wonder what is going on at your house while you are gone . I know i do. Stop wondering. The blink app alerts you anytime something happens so you can take quick action, just like laura did. Laura it feels terrible knowing someone has been in your home and in your space. I was burglarized on labor day, and i got the blink system two weeks later. And then, two weeks after that, i was burglarized again. I get a motion sensor alert on my watch, so i checked my phone, and theres people in my home. So i called the police department. Through the live view, i was able to give an exact description. One of them was wearing a black shirt with a character in the front. Because of blink, they were able to catch him. If you think you cannot get burglarized, cannot think that way. It happens. Knowing that the blink Security System is what has given me peace of mind, i am eternally grateful. Blink has taken Innovative Technology and really simplified it. These Security Camera systems are just so easy and quick to set up and use. Just watch. First, i plug in the sync module, the heart of the system. It connects with your homes wifi and syncs up your camera. I have set up my account. I will put two aa lithium batteries into the camera. These are the same batteries you find at any local store. Thanks to blinks power ondemand technology, these batteries can last up to two years. I add, and that is it. Could not be any easier, right . I set up two blink outdoor cameras and one indoor camera so i have a view of the financial a view of the front entryway. We can place them anywhere we want within 100 feet of the sync module. That is the freedom of the wire free blink cameras. I am going to put one in the backyard. We are not worried about the weather. The camera is weather resistant. All it takes is two screws through the mounting bracket. I can put this wherever i want. I can customize the activity zones on all my cameras so if there is a busy area around my house, i can simply touch the screen and block out those zones so i do not receive unwanted alerts. It is so easy. Now, anytime i get another or want to see what is going on in the backyard, i just blink. It sets up in a matter of minutes, literally. I definitely love the app from the blink Home Security system. It is easytouse, easy to navigate, just intuitive. You can just open it up and you can choose to harm it choose to arm it. It is simple as a click of a button. Now that i have one, i can add more cameras when i need them and it is easy to do. Folks may buy blink because it is an amazing Security System, but it can do so much more for you. There are lots of reasons to have eyes and ears on someplace you are not. Maybe your kids are coming home from school when no one is home. You get a blink alert on your smartphone and you would know they get home safely. As a mom, that gives me peace of mind. The main reason i got a blink camera is my wife wanted to see my son coming and going because he is the youngest son and she had a very hard time with him going on the bus by himself, walking to school by himself, so giving her the opportunity to have film of him leaving and coming home from school gives her more peace of mind, and that is what i was going for. Happy wife, happy life. John maybe you have got elderly parents living on their own and you would like to check in once in a while. Easy enough. Just blink. The added peace of mind of being able to log into my fathers account, being able to monitor in case i did not hear from him for a while, that is an added peace of mind. Cannot put a price tag on it. John say you have a second home or getaway cabin, with blink cameras, you have an easy way to keep an eye on what is going on. I have it on a vacation property. I can see when they get checked in and when they check out. I see the property manager is taking care of the place. Stuff like that has definitely been helpful. I know i always wonder what my pets are two when i am gone. Thanks to blink and this super easy app, i can take a look and let them know i am watching. Ginger, get off the couch. John all excellent reasons for a blink Home Security system, but of course, the primary reason blink cameras are a must for your home is to keep it safe and secure when you are away, and that is becoming increasingly important. Statistics show the average burglary is happening during daytime hours when everybody is at work and everybody is at school. How do you protect your home at school and work . You have to get a camera system. When somebody walks onto your house, you are going to get the alert. If it is the repair man, the package being delivered, great. If it is someone you do not recognize, guess what you can do . You can alert them, let them know you are watching them, and at the same time, call the police, let us come, and do our job. Being a former member of law enforcement, the biggest violation people have is to come in from work or vacation or whatever and your items have been removed or displaced or disheveled, and it is a violation. I have seen many people go through it many times. For me, the blink monitoring camera system gives you an opportunity to preempt your security whether you are home or not. Blink has delivered please of mind to over one million homeowners all across the country. When you are not home or want to know what is happening, blink has you covered. Call or go online now and get two blink cameras with improved features including two way audio, along with a blink sync module that uses your homes wifi, which allows you to connect up to 10 cameras located within 100 feet of the module, plus a yard sign and decals to let criminals know you are using blink. It includes two batteries free with five easy payments of 49. 99. Remember, theres no monthly contracts. Call now and you will get a flagship indoor camera, an almost 70 value yours free for ordering today. For a limited time, save an entire payment. Get this three camera system, a 280 value, for four easy payments of 49. 99. But you have to call now. This is a limited time offer. Be among the first 200 to order and get free shipping. Order with confidence. If you are not completely satisfied, you can return it for a full refund. Get peace of mind protection at a fraction of the cost. Call now and take this important step to keep your home safe and secure. Just blink. 18002181387 now. To get the blink complete home package at this special tv savings. 18002181387 or online at buyblinktoday. Com. Call now. I really believe that if you are concerned about monitoring your home in this day and age inside or outside, youre concerned about security, you are concerned about peace of mind, you just want to relax, a product like the blink Monitoring System cannot be beat. Ok, here is something cool we have not shown yet. Blink systems work with alexa. If you are in bed at night and something wakes you up, just a alexa, show me the front door camera. Or you are waiting for a delivery and you are too relaxed to answer the door, asked alexa to do it for you. Alexa, show front door. Melissa how great is that . John the app lets you customize the motion sensing zone, so if you do not want street traffic activating your camera, just set the motion zones. It is as simple as that. For our garage camera, we get a lot of drive through traffic on our street some reason, so we would get a lot of triggers that were not necessary. I was able to go through and when you want to monitor the zones and change them, you simply click the squares, and then, when you have it selected the way you want to, you click update, and it will let the camera know that those zones are a dead zone. It will not pick up motion in that area, but it will everywhere else. Melissa another thing youll love is the night vision capability. Check out these actual videos recorded at night. Amazingly sharp. Blink can store your recordings for up to a year at no charge, and you can access them anytime on the app. I found the video quality of the blink system was very good. Even more so at night, i think it is worth noting that the quality of the feed that you get when theres zero like, you can zero light, you can clearly see what is going on. Melissa with all of these amazing innovations, is it any wonder over one Million People use blink to help monitor and protect their homes . Real blink users from all over the world send us videos that capture unexpected moments like these. Look at what donny saw on his front porch. Not just one but a family of bears. David from arizona spotted his neighbors missing cat and was able to let them know she was ok. How about this guy . Fully disguised, he notices the blink camera and immediately leaves. Brandons camera spotted party spotted harvey trying to escape. Harvey, what are you doing . [laughter] melissa and then, theres laura from arizona, who received a blink notification and saw robbers in her house. She notified the police and they were arrested, thanks to blink. It has given me peace of mind. I am eternally grateful for what it has given me back. Melissa blink Home Security systems gives you such peace of mind, whether you are wondering who is in the front door, backyard, or just that your house is safe and secure. You blink and you are there. The system is not only giving us these of mind, it is giving us control. I can be much more aware of what is going on outside my house and inside my house, and that control means a lot to me. No wires, no monthly contracts, no hassle. With blink, you get a complete Home Security camera system to help keep your home safe and secured even when you are there. Even when you are not there. It is easy. Just blink. Nobody has to call anyone to install the system for them. They can do it themselves. It is a perfect system. It is a Monitoring System in the palm of your hands. They provide a she video and twoway audio security for your home. Byebye. Inside and out. According to the fbi crime statistics, in 2017, a burglary happens approximately every 22 seconds, with property losses estimated at 3. 4 billion. You want protection and peace of mind, blink cameras are motion activated, so when something happens, you are alerted, and you can view and respond on your smartphone. Hey, i do not know you. I am calling the police. Spot suspicious activity day or night. Just blink and catch trouble as it happens. Thats right. Get away from my van. Several incidences have happened in our neighborhood where kids have been casing cars, checking doors. And luckily for us, blink cameras can catch that. Keep a watchful eye on your loved ones. Hi, dad. I will see you after work today. You have a great day. Just blink and you are there. Blink cameras are so simple to set up, you will be up and running in no time. I am not a technical person but i was able to set it up following the instructions in no time whatsoever. Put your blink cameras inside or outside, anywhere within 100 feet of the sync module. Because they are weather resistant and run on aa lithium batteries, which last up to two years without changing. The secret is blinks advanced power on demand microchip technology. A tiny amount of Battery Power is used to keep the system on alert. Only when motion is the tactic, motion is detected, or in live view, the system signals the battery to deliver full power. The lithium batteries, you can run off of those efficiently. I dont think there are any other cameras out there that do it. Blink cameras can be accessed from multiple devices and each camera is customizable. You can set the monitoring zone and adjust the motion sensitivity. You could pay hundreds of dollars for a Home Security camera system that requires professional installation, lots of wiring, and monthly contracts. Why would you spend all that money when you can monitor your home on your own with a touch of a finger . Now, you can, with the blink Home Security camera system in this special tv offer. You get two blink cameras with improved features including two way audio, the sync module that uses your homes wifi, which allows it to connect up to 10 cameras located within 100 feet of the module, plus a yard sign and decals to let criminals know you are using blink. And includes two aa lithium batteries with each camera, all for just five easy payments of 49. 99. And remember, theres no monthly contracts, and theres more. Call now and you will also get a blink flagship indoor camera, an almost 70 value yours free for ordering today. That is an amazing deal on the blink home package. But it gets even better. For a limited time, save an entire payment. Get the three camera system, a 280 value, for just four easy payments of 49. 99, but you have to call now. This is a limited time offer. Be among the first 200 to order and get free shipping. Order with confidence. If you are not completely satisfied, you can return it within 30 days for a full refund. Get peace of mind protection for you and your family at a fraction of the cost. Call now and take this important step to keep your home safe and secure. Just blink. Call 18002181387 now to get the blink complete home package at this special tv savings. 18002181387 or online at buyblinktoday. Com. Call now. The preceding was a paid advertisement for the affordable wire free Home Security camera system by blink, an amazon company. This has been a production of script to screen, the results agency. What are you doing back there, junior . Since were obviously lost, im rescheduling my Xfinity Customer Service appointment. Ah, relax. I got this. Which gps are you using anyway . A Little Something called instinct. Been using it for years. Yeah, thats what im afraid of. He knows exactly where were going. My whole body is a compass. Oh boy. The my account app makes todays Xfinity Customer Service simple, easy, awesome. Not my thing. The following is a paid program. The opinions and views expressed hi, this is larry king. Over 30 million men in america have prostate problems. I was one of them. And all these natural prostate supplements like the ones i have in front of me are everywhere drugstores, health food stores, on the internet and all over tv, selling millions of bottles every year. What do we really know about them . Are they safe . Do they work . Which ones really work . Later in this report, we will see results of an interview i did and i met earlier with fred but late fred buckley, owner genics, an prosto amazing supplement among hundreds, the only ones among the various i have tried through the years that i found really works for me. It made my life much more enjoyable. I wanted to know why. The prostate problem we face as men is so pervasive and troubling, poses such embarrassment at times, that i wanted to know why it really worked for me where many others i tried failed. If you have prostate problems like i did come on todays investigative report, youre going to learn what i learned. Everything you should know and need to know about prostate supplements. Now in this larry king exclusive, im holding in my hand the results of independent Laboratory Reports on these prostate supplements and what they found is really in most of these pills. You are going to be surprised by what they found. So if you have prostate problems and want to get the inside story on the booming prostate supplement interstreet, do not go away. This might be one of the most important industry, do not go away. This might be one of the most important messages you see in your life. Here is a report on prostate problems and what we need you to know. Joining me is fred buckley, ceo f prost or gen x of prostogenics. With the really with the revealing discoveries he has made that he will share with us today. For we get to it, you are not a doctor. Fred no, im not. Did you get involved in the whole prostate . Fred i have always been interested in health and fitness my whole life. College quarterback at stanford. Unfortunately, the way i get myself interested in the prostate, at age 51, had prostate problems. I was not sleeping all the way through the night, getting up, i thought maybe im drinking too much coffee. But it persisted. It kept going on and on. During the day i found myself looking for the mens room a lot more than i had in the past. It start tot happen after 50 . Itit could tickly could technically start around age 40, but 50 of men over age 50 would have it. I could not believe i was in my group. I take vitamins, i exercise. That is how i got interested because i developed the problem myself. Larry why are there so many . Fred it is a big business. There are a lot of men with this problem. Between 30 billion and 40 billion men 30 million and 40 million men have prostate problems. Larry you started testing these products and they did not work . I started to take them because i could not get any sleep, so initially i took them as a consumer. I tried several and they did not do anything. Im reading all the advertisements. That this is so great and there are doctors endorsing them and all that. It finally dawned on me. Something does not make sense. Testing them. Ith i wanted to find out which one is best for me, so i started the test. Youre not a doctor or a scientist . Testing them where he echo fred i am very competitive. What is more important than your health . It is a horrible feeling not being able to sleep at night, looking for mens rooms all the time, my romantic game was not as good as it used to be. My fast all was not what it should have been, so to speak. Found theed and i laboratories that do this type of thing are very specialized. The biggest lab in the country, used by the big agencies and stuff like that, contested the stuff. I sent it to the one place to see what would happen, and i eventually used four different laboratories. Larry a bunch of product . Fred first i just tried a few. I said this is never going to work for me. There is one key active it. Edient that is a key to these products did not have any of it. So im going to major drugstores, Major Health Food store than getting these and taking them because i have a problem, and i would like to get some help there they were not doing anything, so i sent them to test it and the test results said they are never going to help. They are glorified vitamin pills. Larry so the people making them, dont they know that . Fred they definitely know that. No one is testing the stuff. They are out to make money. If we decided to start our own supplement company, if we could get into the big health food and drugstores, we will make millions of dollars every single year. Larry so the key is how they market it. Fred they want to market it in to market it,nt and the place where they skimp is the ingredients. If you go to the store and pick up a bottle and you come home and you read the label and you take some pills, you do not know what is really in there. Wasod analogy would be, i mentioning to one of your producers earlier, me and you get hungry, we order a pizza, a pizza guy comes in, we open up the pizza box, and there are only two pieces in there rather than 12 or 14, we know there is something wrong. There has been a mixup, what is going on . You go buy supplements, you take them, you do not know what is in the capsule, and that is what these guys are counting on. They spend their money on advertising and marketing, and when it comes to key ingredients, it is expensive. If they can get the lowest price and get into these stores, they will be flying in private planes and making a bunch of money and who is going to know . What is the one ingredient youre talking about that is not in any of these products . Fred the key ingredient, it is Common Knowledge now. Ita start a steril is in vegetables, in peas and carrots, and it is very expensive. If you go down to your local drugstore, you see the prostate section, for years basically starting in the 1990s, it was the thing that is what you need to larry 40 years. Fred and i bet it didnt do anything for you. Larry it just sounds good. Fred it is incredibly overrated. The only reason it got put on of map is that there is 1 sterols in it. Just that one tiny little bit, they were able to get some studies. That is all you need. It doesnt do anything. Anybody watching that has tried it, they know it doesnt do anything. If you are tired of prostate problems that dont work, you can say goodbye to prostate problems thanks to prostagenix, the super supplement. In laboratory tests, prostagenix products. Rostate it is before me of that it larry im larry king. Do you spend your day rushing to the nearest bathrooms, spend your nights going to the bathroom . Theour romantic life on skids . There was a time i was just like that. My prostate was giving me for giving me fits. Then i saw a prostate supplement that chains all that changed all that. I wake up energized and dont have to look to the nearest mens room all day. And my romantic life lets just say the kings back. All it takes is one phone call. Yourostagenix target swollen prostate, triggering relief so you can sleep through the night, increase urgency reduce urgency, bring back the magic of romance. If you call in the next minute, you can get a free bottle with the larry king tv special. Larry now it is your term to experience the incredible results i have gotten from prostagenix. Wonders for me and it can do the same thing for you. Call now while fred has authorized a special promotion for viewers of this show. Pick up the phone right now. A 90ostagenix comes with day money back guarantee so you can order riskfree. This offer is only available through tv, so go online or call, 1800743 132. Larry this product you were mentioning what is its name . Gain he ech you say it is found in beets and vegetables he . Fred it is in super high concentrations. Like anything, there are different qualities in different grades. Some of the product do have it. They do not have a lot in them have the cheap quality that comes from china. ,hey get it from soy or sugar and it is made in factories over there that also make paste and all kinds of things. It is terrible. So the key is to get a great source of it, get it as pure as possible. Prior to my discovery on the company that has got the greatest source of it in the entire world, most of the extractions are like 40, 40 5 , considered very strong. That is 45 , considered very strong. Tests. So you have done fred i started doing this as a consumer and i was surprised at the bad scores. What turned this into a project is there is a product out there, i wont say their name, and their box says they sold over 4 million bottles. That is a lot of bottles. They sold over 4 million bottles. And the test score they got was disgusting. I mean, not just bad, disgusting. Larry so why do people keep buying them . Think they do. They have 4 million guys that bought it one time, you go to a movie, it is not that great. Not feelingim really good, im waking my wife up during the day, im always looking for a mens room. Saying, ruans is bathroom detective . Youre always looking for mens rooms. Larry it is the expansion that caused you to urinate all day. Fred it has been proven in clinical studies going back to the early 1980s, to reduce nighttime urgency guys getting up three or four times a night now you can sleep through the night. Woulde is getting up i get up five or six times a night. Tooe waking their wives up much. If you can cut that down to two, five toone larry i did maybe one or two. Other biggest thing, there are a lot of issues associated with it. During the day, if you dont have to look for a mens room all the time, you are relaxed, it is not a big thing. It helps with urgency. When you do have to go to the mens room, you are not stopping and straining. Will boost the romantic life, too. Larry if you are just joining us, i am talking with fred. Uckley, Prostate Health guru he created prostagenix, and how it is different from any other natural prostate supplement on the market. Products, 150 seven and your product came out number one. Fred exactly. We tested it for total sterols. Re is a group of sterols it is 1 it is the key one, why you feel so good it is the reason guys all around the country are feeling great and stuff like that. We tested it. I was not going to waste my time testing for vitamin b or zinc or salon the m because a lot of the or selenium. They are cheap, they are easy to get. I assume everybody has those in there. There are such minute amounts. They are peripheral players. Beta psycho sterile it the most expensive. That was the logical thing to test for. Larry i take one in the morning, one at night. Fred some fellows like to take them in the morning, some at night. Some like to do what youre doing. However you want. Warning labels. There is no danger or you see all these ads, you take this and your left arm is going to fall effect,arry side death. Fred this is nothing like that. Ingredient, we imported from france. It is in the United States. Larry and it gets to you quickly . Fred we zip it right out. Larry what are specifically the problems that prostagenix helps . Fred the four biggest things are the inability to sleep all the way through the night, it helps decrease nighttime urgency. Larry so frequent urgency is reduced. Fred in the evening and during the daytime. Movie rightan see a through. Fred that happens all the time. Everywhere i go, i go with my wife, have to scout out where the mens room is. Larry so it would be good for women to buy this for their husbands or boyfriends. Fred that is a nice thing to do. Larry that is one, frequent urination. What else. Go a little bit more and you stand there, you go it little bit more. It is a big difference, like a fire hose. Larry ok, sexual. Fred sexual, we can say that. Larry lets go there first. Fred no one wants to talk about that. We are all macho men. There is no problem, stuff like that. There is a problem. I experienced that as a young guy, in my early 50s. Wait a second, whats going on here . Prostate issues affect everything. Sexual health is a huge thing. If it can help improve that, it makes a huge difference. Ofouncer if you are tired prostate product that do not work, you can say goodbye to your prostate problems thanks to prostagenix, the lifechanging prostate super supplement. It beat 157 prostate products to be named the number one prostate product. It really works. Larry im larry king. Do you spend your days rushing to the nearest bathroom, spend your nights getting up to go to the bathroom, wish you a romantic or is your romantic life on the skids . There was a time i was just like that. Giving me fits, but then i found a supplement that changed all that. Today my life is completely different. I sleep through the night, wake up energized, and do not have to look for the nearest mens room all day. And my romantic life lets just say the king is back. All it takes is one phone call. Announcer prostagenix works you and triggers relief so can sleep through the night, reduce urgency, and bring back the magic of romance. We have a special offer for viewers. If you call in the next six minutes, you can get a free bottle with the larry t the larry king tv special. It has worked wonders for me and that you do the same for you. Call right now while fred has authorized a special promotion for viewers of this show. Pick up the phone right now. Announcer prostagenix comes with a 90day money back guarantee so you can order riskfree. This offer is only available through tv, so go online or call 7843132. Larry we are talking with karin buckley, who mended you married fred buckley. We met in los angeles. Larry you were from where in france . Doug i met him in l. A. Larry what did you think . Hi said it is a great idea. I said nobody tested it it is a dietary supplement and that is that. It is a natural product, so i figured, what would you want to test it . When he tested the first one, i could not believe and we became addicted to testing. We wanted to test everything. Then we realized, my god, there is no testing and you can pretty much do anything and nobody would know. Larry fred gets all wrapped up in this. Yes. He wants to know the truth and the information and he loves the knowledge because he always says knowledge is power. Larry very passionate. Corinne very passionate. Larry how did it affect your life that he took prostagenix . Corinne my god, it was wonderful. It was very difficult for him , becausel he mentally, being an athlete, this is something that he could not control. It was very difficult for him, so i knew that he wanted to get the solution for the men to get better, and i guess he did the right path. Larry that is a good observation, being an athlete, you can control things. This he could not control. Corinne exactly. Larry you also mentioned that it improved romance. Corinne definitely. Men are depressed, physically it is difficult, but also mentally is a difficult thing. So it is back to when he was young. It is what i have known when he was 25. Larry so it improved the marriage. Corinne it improved everything. Larry and now you have three grown boys. How proud you must be. Corinne very proud. Larry and proud of your husband and this great product. Corinne i am very proud to offer this product to grown men and knowing that they are going to get better. Larry thank you. Corinne thank you. So nice to meet you. Larry fred, youre really wrapped up in this. You are emotional. Fred it is crazy. Of all the things in the world, the prostate, it sounds like the most foreign thing on the planet. I meet people and they say you are going to put them to sleep. But i always find it i am introduced to someone, every man that i meet, are you kidding me . I have no prostate issues. Then they will circle back an hour later, on this prostate thing, let me ask you that is why it is so great that youre doing this. It takes guts and youre smart, and youre helping people. Larry it is a natural problem. Natural problem. Everybody gets it. Larry i would not talk about a product if i did not this is a great product. Fred it is a terrific thing. It helps a ton of men. Because of you giving it exposure, it will help so many more men. Larry over 1000 milligrams of total sterols. Fred nobody comes close to that. Larry it is easy to take, too. Fred it is easy to swallow. You will feel it. Larry it works. Prostagenix. Also, give me a little bit of the history in france. Fred the history of france. Larry i know about napoleon. I knew degaulle. I mean, france, the whole concept of finding it and everything. Fred it is funny you mentioned napoleon. Little the polian. This forest that produced this great thing that is helping little napoleon there this forest that produced this great thing can tilt nightly can tohnically be traced back napoleon. It is in the southwest section of france. The french wines of bordeaux are here, and right below that, it is the area where this comes from. It is called French Maritime pine trees. They are different looking pine trees. It was planted by napoleon way back when. That is where it is. Larry they do the extracting. Fred they do the extracting. It is right in the middle of this forest. Product is unbelievable. I mean, it has helped me a lot, but to see you so wrapped up in it fred it will take you, times millions of people. I have done some nice things in my life, had some success. I have never had anything like this. It is crazy. If someone had told me, 10, 20, 30 years ago, you will be mr. Prostate guru, helped transform the natural prostate industry, i would have said, what are you talking about . It is a good feeling, a combination. Everybody wins. Larry he ought to be very proud. Fred thank you. We are. Larry im trying to figure out what this has to do with prostagenix. But why lemons . What is that . Fred maybe i am the first guy to show up on your show with lemons and a chestnut. This is a simple illustration, without fancy doctor talk. To illustrate what happens, amens prostate, no one at a mans prostate, no one a a it grows, over time, and guys in their 50s and 60s, the prostate can get this big. We have examples of guys whose prostate can get giant. You want to change your diet. Adjustments can be helpful, but getting the prostate pup the proper prostate support with our supplement is a smart thing. You want to be in this range, not in this rain . Larry are you telling me the prostate can get this big . Guys walkingre around in the United States with prostates that look like this. And it does not happen overnight. Larry the great rodney dangerfield. He had this problem. On the west side of los angeles, his urinal was this close to his bed so he would not have to walk to the bathroom. Is a i love rodney, he genius. What a great story. No one talks about this. There is no social bows to talk about your prostate. What a story. Larry prostagenix. Rodney, if you were still around, it would have helped. While most guys my age are getting up 2, 3, 4 times a night because of their prostate, i am sleeping like a baby every night all because of a problem that changed my life that can change yours, too. Itis called prostagenix, and is taking the country by storm. It triggers the relief so you can sleep through the night, reduce urgency, improve the bladder and ringback the magic of romance. We have a special offer for viewers of the show. You can get a free bottle with the larry king tv special if you call in the next six minutes. Wake up refreshed like you did years ago. Prostagenix comes with a 90day money back guarantee so you can order riskfree. This offer is only available through tvp go online or call 18007843132. Larry call right now while fred has authorized a special promotion for viewers of this show. Announcer the preceding was a sponsored program furnished by prostatereport. Com. Dark of the preceding was a paid program. The opinions and views expressed do not reflect those of bloomberg lp, its affiliatroundd celebrate boxing day. In the u. S. , it is back to business, but Trading Volume is expected to be thin. If you look at the s p 500, futures right now, inching higher. This is a reflection of the markets that were open mainly in asia. We saw modest gains with the ms ci asia index hovering near a 1. 5 year high. Having said that, many asian markets closed as well. The ones trading today japan, india, and a, handful of Southeast Asian markets. Treasury is flat right now, the 10year at 1. 9 , the two year yield, 1. 6 . Not a lot of trading in the japanese 10year either. Moving along to other asset classes, we are looking at pound coming back a little bit after a couple days of declines. Do not read too much into it. There is not a whole lot of volume on boxing day. 1. 3 level. At the nymex crude holding at 61 a barrel. Brent at 67, gold above 1500 an ounce. That is a sevenweek hi, and analysts say that without a dovish it is unlikely gold will make an explosive gain in the days and weeks to come. Having said that, it appears the market is trying for a new, higher trading range. Lets get you to first word news with viviana hurtado. Viviana we begin in hong kong today. More rallies are being held in the area shopping malls. Protesters say they are hoping to attract attention to the cause by forcing on christmas and police fired tear gas dispersed demonstrations inside a mall. Two dozen people were hurt in clashes on Christmas Eve. This is the first time hong kong retailers have seen sales plunge over the past six months. In israel, the likud party is holding primaries today, the first serious interning internal challenge to Benjamin Netanyahu. In candidate for pi minister the march elections. Despite the shadow of corruption indictments heading over netanyahu, he remains popular among likud members. Defeatlso expected to his opponent easily. U. S. Officials are getting ready for potential interference from russia during the 2020 election. The Washington Post reports that Senior Leadership would be targeted. That is considered provocative. Last month the Intelligence Community issued a classified update, warning russia will try to metal in the u. S. Election. Global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries, i am viviana hurtado. This is bloomberg. I want to set things up with a look at equity markets and how they close out the first part of december, with a bit of a whimper compared to last year. Top panel there. That shows the s p 500 one day percentage change, and on Christmas Eve last year, we saw the s p lose a 2. 7 , close at lowes. At its lows. Closed as much as 5 and at this high. It was a pretty volatile period. Last year at this time, the Federal Reserve was in a tightening mode, part of an effort to normalize Interest Rates. It hikes rates for the fourth time in 12 months and forecast more increases to come in the following year. The vix reflects all of that. Fast forward to this year and here is where we are at right now. Minuscule move. Not a whole lot going on because the fed has made clear it is waiting for Material Change after making this sharp uturn in january. Further rate hikes are on hold. Cuts have been made. Three this year alone. As part of the midcycle adjustment. Now we are just waiting. With an election year, it is unlikely too much is going to happen. Central banks are facing a moment of calm. Bloomberg economics does not see the next downturn coming in 2020. With little room to maneuver, wilbur economics expects cuts in emerging markets and heavy reliance on fiscal policy. Bloomberg economics expects cuts in emerging markets and heavy reliance on fiscal policy. Joining us now is sharon ohalloran, Columbia University professor. Thank you for joining us. Sharon thank you very much. Scarlet when you look back at Central Banks and the move they made to calm angst down in the market. As a surprise you how far they had to go when it comes to appeasing investors . Sharon they mostly have returned to where they were with a loose Monetary Policy. You have the ecb actually buying bonds, very much in a planned way. So if there is anything different now, it is that there is less uncertainty about where the Central Banks are going. It is very clear plans about what their Balance Sheets look like, where the expansion is on par, and we are to seeing them keep a very loose Monetary Policy but not changing anything. Everything remains steady. So that is a Good Environment for the equity markets, and they seem to be responding appropriately. In a veryare still loose monica be. Scarlet it raises a question in a very loose Monetary Policy. Scarlet right, and it raises the question, if a more robust response is required from a central bank, are they in a place to be able to execute on that . The fed has more room than other Central Banks. Fed does not like to go down negative rates. What they can do is buy Corporate Bonds and put liquidity into markets that way. And again, increase their balance sheet. Ut they have no room when you look at u. S. Fiscal policy, we are running an in orbis deficit an enormous deficit. Strategic, to be this is a very good time to borrow money. You cannot get it cheaper. So this is the place in which you would actually have an expansionary policy right now and they probably would not take on Additional Debt this way. So they are rolling over each of these debts from higher rates paying peoplemost to borrow money. Scarlet i want to ask more about the European Central bank because we have this handoff taking place. It has already taken place. Mario draghi, who basically saved the euro zone, has passed the baton to Christine Lagarde. When he left, he had resumed qe essentially. It caused a lot of division, internal division in the ecb. Does that matter . Sharyn well, it depends on if you want to go back to what they view as normalization, where you have the bond market and the equity market and sufficient liquidity within the system itself with the central book the Central Banks are not being the primary pump. If you think that that is a problem, that the Central Banks have to step in every time there is some sort of crunch in the system, then in fact that is what we view as mature Capital Markets that do not seem to be functioning the way we anticipate. That is a problem. Now . A problem right no, they will continue to do that. But at some point there is a limit. Scarlet will it be a problem for Christine Lagarde . Because one of the reasons investors seem to be more excited about her, or anticipated good results from her, is because she is at heart more of a politician than an economist. She at least speaks the politicians language, convincing them to open up their Purse Strings perhaps spend more. Sharyn she has held roles that require her to be very much a coalition holder. With that flavor, i think she responsesach policy she is a very strong economist, i want to be clear. Well regarded and she does. But she also has the touch that may make it less contentious. Sharyn we are here with ohalloran. Economist professor. We will speak with her when she returns about what happens next in this impeachment saga. Nothing has been handed off to the senate yet, but where does this leave us for 2020 . And what does this mean for the slate of democratic president ial candidates . From new york, this is bloomberg surveillance. This is bloomberg. Imana good morning, viviana hurtado. Lets get your Bloomberg Business flash. We begin with this message, a very disturbing picture of concerns about boeings grounded 737 max. This is coming from the u. S. House committee aid on a new batch of messages that boeing employees were painting this picture of a very disturbing picture. Documents were turned over to the u. S. Federal Aviation Administration monday, the same day boeing ousted its chief executive officer. The jetline was grounded in march after two fatal crashes. This year, last minute shoppers helped push overall holiday sales higher, according to prelim and her number from mastercard. Compared to last year, sales rose three. 4 from november through Christmas Eve. Much of the growth coming from a surge in online orders. This Holiday Season was six days shorter. The shopping season, that is. Because inks giving fell later on the calendar. China seppi imports because thanksgiving fell later on the calendar. Clearedrican shipments customs ahead of the signing of a trade deal in january. Customs data showing chinas shipments 2. 6 million tons last month, more up more than a million tons last october. That is your Bloomberg Business flash. Scarlet . So much. Thank you the raced into 2020, for the president ial candidacy tightens. Has said she is no enemy of capitalism, but at the same time she makes clear that the u. S. Economy is working better for some than others. Mainly the rich. Here is what she told bloombergs Joe Weisenthal. I am a capitalist. I believe in capitalism, but markets without rules part of those rules are that everybody is supposed to be paying their fair share in taxes. So that we can reinvest in opportunities for all of our kids. That is what a 2 wealth tax is about for me. So the short version is a wealth tax. Your first 50 Million Dollars of accumulated wealth is free and 50,000,001stur dollar is taxed at 2 . Joe you say you are i capitalist. Many expect otherwise there there are a parade of billionaires who say is it if Elizabeth Warren is elected president , the stock market will funds 25 . I do not put a lot of weight on those addictions. Administration, with the performance of the stock market be something you care about . What i care about is an economy that works not just for billionaires and millionaires, but for everyone. Look at what has happened in america. Stock market goes up, gdp goes up, unemployment is low. But what is happening to working families across this country . It has been a generation, and there is very little growth in income. But at the same time, families are squeezed for housing, for health care, childcare, the cost of sending their kids to school. Those are through the roof. So families take on more and more debt, they are squeezed harder and harder. By the way, that is part of why i want to see a wealth tax. Because it is what we can do with that wealth tax, how we can invest in an entire generation of young americans. Joe the technical question about the wealth tax that often comes up is that several billionaires who earn over 50 billion who have their money, a big part of it up in a liquid private stock i always see people in Silicon Valley talking about this, and when it applies to one of your rivals, how do you levy a wealth tax of 2 or 6 against someone whose wealth is tied up in a private share . You can levy it. You can it does not mean you have to say i dont have to pay these things because it would be a problem for me to have to sell off some of my stock. It is a problem may be for everybody else, but keep this in mind. , they pay america 7. 2 of their total wealth in taxes. People who would be affected by the wealth tax, they totalying 3. 2 of their wealth and taxes. So my view is, asking them to pay two cents more means they are still not caring carrying their fair share. Scarlet that was Elizabeth Warren speaking to Joe Weisenthal back on december 4. The that michael bloomberg, owner of bloomberg lp, is also a democratic president ocalan candidate. Sharyn ohalloran is still with us. Whoever wins the nomination will for the meantime need to contend over thecloud hanging president with the impeachment proceedings. Where are we in the impeachment proceedings . We know that nancy pelosi pounded the , and since then then no action. She has not moved anything onto the senate. She does not have to. The president has been impeached. They are negotiating with the hearing in the senate would look like. The speaker of the house is waiting to see what the terms of that will be, whether she believes there will be a fair hearing or not. So this could go on for quite some time. Scarlet you paused before you said fair hearing. What would be a fair hearing for Speaker Pelosi . Sharyn she is looking at evidence, will who would be testifying, what is the process. Those are the types of things being discussed. Scarlet but leader mcconnell made clear that the senate and he well, he or the senate are incomplete coordination with the white house, working in lockstep when it comes to the trial in the senate. That does not sound like fair to Speaker Pelosi, does it . Like she isounds concerned that enough voices will be heard in the process, those would beat called upon to actually testify. Aose right now, that is point where we have not seen anybody in the senate testify and be part of a process. Scarlet senator Lisa Murkowski of alaska has made it clear that she is not totally comfortable with what Senate Majority leader Mitch Mcconnell has said about the coordination with the white house. Are the republicans at risk of losing her vote and possibly Susan Collins as well . Sharyn there is a good chance if there is sufficient concern raised, and there seems to be, that they will lose a number of republicans that are sort of more moderate. However, for the hearing for the president to be removed, there is the impeachment, which he has been, in the house, and they have to go through a set of hearings. If the hearings find fault, the removed, theyg would need 20 republicans to switch. And that is unlikely that they will get 20 republicans to switch. Scarlet may be one if you want to go with what senator murkowski said so far. Sharyn ohalloran is sticking with us. Coming up, Israels Benjamin Netanyahu is facing another challenge. We go live to jerusalem next. This is bloomberg surveillance. Scarlet im scarlet fu in new york. Tom keene and Francine Lacqua are off today. This is bloomberg surveillance in new york. Benjamin netanyahu, after two elections, as been thrust into defending Likud Party Leadership against the former cabinet minister. The contest continues today. We go to Senior Writer glenn ackerman, who joins us from jerusalem. Does he stand a chance in the race . Hearing frome crewmembers and analysts is that he does not really stand a chance to win. Primarily because the likud party is known as being loyal to its leaders. In this case they see net yahoo as besieged they see netanyahu as see aged. He does not have a great chance of winning. He has a very slim chance. The question is how well will he do, and will he do well enough that it will put him in his whenere he will be he can have a good chance to have a leader but net not you netanyahu moves on. Arehing the results, if so does when the leadership. I guess the question is, what kind of a fight has netanyahu put up against gideon saar . He has the country going up and down, asking people to come out and vote, asking people to come out and vote for him, explaining what good he has done for them, how well he has done, improving security, an improving economy. He has acted like someone running for the first time. Ackerman, middle wen ackerman. G middle east Senior Writer. Thank you. Coming up next, we discuss what saudi arabia must do next year and beyond in order to reach the crown princes 2030 vision. To wean the kingdom off its dependence on oil. This is bloomberg. I am scarlet fu in new york. This is bloomberg areeillance. U. S. Markets not trading today and a half day of trading on tuesday. , futuresbs claims moving moderately higher following modest gains in asia. The msci index is holding near a one year high. , a markets that did open handful of Southeast Asian markets. The dollar slightly weaker ,ersus the yen and gold futures 1508 an ounce. We will continue to see where it goes, but gold is up 17 this year and analysts say further gains. Lets get you to bloomberg first word news. Viviana in hong kong, more rallies are being held at a shopping mall, hoping to attract attention by closing malls and stores to close. Firedistmas day, Police Tear Gas into a mall. This comes at a bad time for hong kong retailers who have seen their sales plunge. Will asksh Government Parliament to authorize troops to syria. The north african country asked for help and troops would be sent to train those soldiers loyal to the president. Abe andnister shinzo the bank of england governor kuroda are urging Business Leaders to pay their employees more, saying boosting wages would strengthen the economy. Weak wage growth has been a hurdle. Wages rising an average of 2. 1 this year. In australia, firefighters are battling wildfires, hoping to make headway. Thousands of firefighters in New South Wales take advantage of cooler weather to strengthen control lines. More than 12 million acres have been destroyed nationwide and nine people have been killed. Global news 24 hours a day, on air and quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am viviana hurtado. This is bloomberg. Scarlet thank you so much. We want to turn to oil and the cartel opec. Opec plus has come to an agreement on supply cuts, however adhering is the real test because so far, opec has pumped well below the agreed level due to saudi arabias overcompensation. Nonopec adherence has tumbled to 61 . Iraq has historically pledged more. Earlier this month, Annmarie Hordern sat down with Prince Abdulaziz Bin Salman and his first meeting as the Energy Minister they discussed saudis crown jewel, saudi aramco. He is a fair person. Proud because us he took upon him a good decision. You have seen it now. Timesught us 4. 6 oversubscription. We willwill be all be proud as saudis, himself and every saudi when this company trades. Give it the next few months, you see that his calculations of what aramco is working with, evaluators,ocalled it is already going to be sold for 1. 7. To believe itore will be way much higher. Annmarie Money Managers do this every day. They are not stupid. What didnt global wall street get about aramco . The difference is being done in the city of london and being down and seeing a culture of 60 years, a company with 60 years of well endowment and the relationship between the government and the company that enabled it to build its image, its assets, and the endowment it has in terms of reserves. How on earth somebody can compare aramco with almost 60 ability toenended exploit 266 billion barrels of oil, god knows how many cubic feet of gas, with by the way, a good chunk of shale gas that we will be surprised we will be producing it over some years for now. Endoweda happily well company with reserves, with a long concession agreement, with talent, human resources, well developed, the ability to attract every person that can help, good training programs, internationally , more aspiration and clarity of what this company will do in the future, very well diversified part folio. Portfolio. That portfolio will be enhanced. Scarlet that was saudi arabias Energy Minister speaking with Annmarie Hordern. Stakianakis. John great to speak with you. Thanks for taking the time. Plus, icomes to opec find interesting they began the petroleum cut deal in late 2016, and inherits to compliance adherence to compliance was pretty solid, yet in this cycle compliance has fallen to 61 . What is different . John i think a lot of producing countries are trying to address their deficits. A lot of the countries you mentioned are the violators, and now we are in the fourth year of this agreement. It has always historically been an issue of noncompliance. Barrel t 65, 67 dollars a barrel 67 a barrel for brent and you will have more violators until prices dip and they realize they have to comply and take into account that the oversupplied market will have a price correction. Scarlet what is the price it needs to dip to for those offenders to start complying . John it is hard to say, but around 60, the low 60s, i think you will have countries realizing they need to comply much faster than they have been over the recent past. Torlet what is the cost saudi arabia by overcompensating . How long is that sustainable . John saudi arabia needs to Keep Oil Prices at the 60ish level. If it has oil below 60, deficits become far bigger. Deficit, the budget expected to be around 6. 5 to gdp. That,begins to rise off rating agencies will downgrade saudi arabia. They aramco stock in the Saudi Stock Exchange will be challenged. A lot of countries are going to look at what saudi arabia does. A 60 barrel of oil will be challenging. Scarlet we did shoot up. We saw a spike in the price of oil in september when there was an attack on saudi arabias oil infrastructure. And saudilamed iran arabia was more circumspect. We did not see much of the saudi reaction. Why . John saudi arabia clearly understands that it has a choice to respond. If it does respond, the counter response will be quite challenging for itself and the rest of the region. I dont think saudi arabia wants to have a war with iran. Clearly, all the indication so far point to iranians being involved in this attack, however markets have a different view and although initially they spiked for the first few hours, after that oil prices dipped, and a few days after that they dipped lower than the level when the attacks took place. Waslet part of that because saudi arabia got its infrastructure back online quickly. What has the kingdom learned from that attack . If something should happen again, how would it respond . John it responded quite adeptly, very quickly. Had this happened 10 years ago and saudi arabia was not in any way willing to support the supply of oil, the ample supply of oil, oil prices couldve gone up. Oil markets take a different view. There is shale. Realized iti arabia is honorable and it is taking measured vulnerable and it is taking measures towards that. It will not take another attack for a chance to cut out the supply of oil, but they will be there to support global growth. Be a widerll there confrontation between saudi arabia and iran in 2020 . John the indications are pointing to a challenge in 2020, but i do not believe neither iran nor a saudi arabia wish for a war to take place. Disaster. E a there is so much conflict going on. The turkish troops will be sent to libya. Has an uncertain political future, syria is still in the civil war. If the iranians decide to take a arabia,go again saudi they will not just that there. Was formerly the chief Economic Advisor to the of finance,er giving a long laundry list of tensions in the middle east. Sharyn ohalloran is still with us. John mentioned aramco and the ipo. Abby goetsch said it was project of the crown prince and his vision 2030 plan. He invested a great deal personally to getting a 2 trillion valuation, which he did not in the end. Does that reflect on him . Stated,i think as people do not necessarily understand the relationship between aramco and the government. An evaluation on the market is much more difficult than if it was a public offering. Scarlet people dont understand , the crown prince or investors . Sharyn investors. Prince wasthe crown making understood everything. Investors are not going to mark,e but will hit the will have the discipline to do so, and all of the other pressures that are on a public firm. I think they did not believe that valuation. The saudi government as well as aramco managers to prove that type of market discipline. Scarlet do you think it was just bad timing that aramco in 2019 the debt sale when oil prices had come off their highs of the mid to high 80s in 2018, and never got back to that level . Sharyn i dont think that is the issue. I believe it was the confidence of the market and investors as to what kind of discipline will be in the corporation so closely tied to the saudi government. Volatile andrea is a switch of the crown prince could put in a different type of regime. How do you value all of that in . Scarlet Sharyn Ohalloran sticking with us. As we had to break, lets get a check of u. S. Futures, modest gains at the moment, up 1 10 of 1 . Kind of in line with what we have seen the last couple of days with stocks grinding to new highs. If we close higher on the day, we will likely close at a record high given that the s p is little changed from tuesday. This is bloomberg surveillance. Scarlet its time to close out the year with some fun. Areconsumer facing names chosen according to specific criteria, including price momentum, ratings momentum, management action, and value. You have gaming and media companies, hotels, crews operators, and airlines, name such as fox, mgm resorts, and hilton. Factses a multi selector it has an Expense Ratio of 63 basis points. Since launching into thousand five it has returned almost 240 . That trails the s p 500 by some 20 percentage points. With one green light warning for its alternative weighting system. Iq at itstch etf usual time, wednesday at 1 00 p. M. New york. I am scarlet fu. It is boxing day in the u. K. Tom is getting some rest. Lets get to the Bloomberg Business flash. Viviana chinas financial regulators are calling from our diesel. Ent handling of this year, repayment failures hitting a record high. Process ofys in the settling defaults, bondholders should be treated equally. In maritime crime from the singapore straight, from a piracy group recap. The latest incident happening on Christmas Day when Officials Say six unauthorized people were found in a tanker engine room. This year, 30 incidences of piracy and Armed Robbery were reported. The gasay finish pipeline in the foreseeable future. Is aorth stream ii pipeline from russia to germany. Minister saidime u. S. Sanctions will not prevent the completion of the project. That is your bluebird business flash. This is Bloomberg Business flash. This is bloomberg surveillance. I am scarlet fu in new york. Looking to 2020, there is no shortage of things for investors to worry about. We limited the number of things to worry about, but they probably center around the trade war. There is a truce between the u. S. And china but phase one has not been signed. Manufacturing malaise, most economies have bottomed. We have seen encouraging signs in europe, the u. S. , and china. Geopolitical risk abounds. Protestsong, violent making the shopping malls the center of their efforts. A central bank squeeze. That leads directly into putting off fiscal policy. A lot of the pressure is on governments to put into place some spending that could boost the economy and not just rely on centralbank aid. Sharyn ohalloran is still with us. Outlooko get your 2020 because when you look at that wall of worry, it wraps up into one thing. Thet of it is hangover from 2008 2009 financial crisis. Sharyn it is how we have managed each of those walls of worry as a risk. What are the types of strategies and polities they have put in place, if any one of those dominoes goes down, how can they manage risk . Are the regulations that the government put in place, are they sufficient to manage those thes, both in making sure pipes of the Financial System continue and that there is not a liquidity crunch. Those are the key aspects. Scarlet what is the one thing you are worried about when it comes to 2020 . There is 17 trillion of negative yielding debt. That has come down a lot but it is still in the back of our minds and there are a lot of companies indebted. They are able to refinance that debt. Sharyn if any of those wall of worries go that will put pressure on the cost of money, and sort of rolling over those debts, once the cost of capital increases at will make sustaining that kind of debt in the corporate world more difficult. That is a problem, especially if we see consumer demand go down and we see the trade war take place. That could start leading to significant problems. Scarlet the last crisis was triggered by household debt. Will corporate debt be the trigger for the next crisis . Sharyn absolutely could be. Scarlet two thirds of the economy is driven by consumer spending. Sharyn if what you are seeing is corporate debt, there would be less money around, that means consumers will have to pay more to borrow, which will put a crunch on the wheels of the economy. Scarlet and inflation increased as a result. Professoralloran is a of political economy at Columbia University, and author. This is bloomberg surveillance. [ dramatic music ] this holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah scarlet this is bloomberg surveillance. I am scarlet fu from new york. We have plenty of markets closed including hong kong, germany, and the u. K. , but in the u. S. It is back to business. Trading volumes likely to be thin as we had already seen a halfday of trading on tuesday that was pretty much a trickle. Futures indicating a higher open at the moment. To tens of 1 , the bestperforming of the three, but do not take much stock in it. Jobless claims at 8 30 could move the market. Treasuries are flat. The two year yield unchanged. Japan not seeing much of a change in its 10 year yield. Lets move to fx. They yen is weaker, pound coming back a little bit after several days of declines versus the dollar, still plenty of concerns about a messy no deal brexit after Boris Johnson made it clear he will not extend the timeline. The bloomberg dollar index unchanged. Barrel,ude above 61 a brent is at 67. Gold is holding above 1500 an ounce. Lets get you to bloomberg first word news. Viviana and hong kong come up more rallies in the shopping malls. They hope forcing malls and stores to close well bring attention to their cause. Teargas. Ought ais coming for a bad dutch at bad time for hong kong retailers. Government is holding primaries, the first challenge do Benjamin Netanyahu. If he gets a win, he will become the candidate for Prime Minister in the march election, but the shadow of corruption hangs over him. He is expected to defeat easily. Election, u. S. Military officials are planning for a potential interference from russia. Considered provocative. Warnstelligence community russia will try to metal in the in theections meddle u. S. Elections. Global news 24 hours a day, on air and quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am viviana hurtado. This is bloomberg. Scarlet u. S. Stocks resume trading today. On tuesday, Little Movement and equities, a huge contrast to the end of 2018. This chart is available at jide tv. 500 dailyhe s p percentage change in this red circle shows the drop on Christmas Eve, and the following trading day, the spike in the s p 500 where it rose as much as 5 and closed in a tie. This time last year, the fed was in tightening mode. They had penciled in more increases for the following year. The bottom line shows the attendant rise in the vix following the large swing at the end of last year. What is happening today, not a lot of moves on the s p 500 and the vix is quiet at 12. 6. The fed made clear it is not looking to hike or cut rates in the near term. President donald trump says he s in a very good position when it comes to the impeachment trial. The senate expected to hold the trial next year. Washington ism our chief washington correspondent kevin cirilli. The president sounding extremely confident, but the new news is Lisa Murkowski of alaska has revealed she is not totally comfortable with how later mcconnellis leader is positioning the senate. Mcconnell saying he is in total coordination with the white house. What ramifications does this have, or is this Lisa Murkowski expressing concern and that is all . Kevin i think it is the latter. Lisa murkowski, Susan Collins, mitt romney, we have been here before during the Justice Kavanaugh vote where you had a handful of republican centrist senators who raised questions but ultimately got in line with Senate Majority leader Mitch Mcconnell and the republican party. If you are looking at this from outside of washington, you will hear over the next few weeks those three senators i just mentioned, potentially other republican lawmakers as well. There is a difference in raising concerns about the process and ultimately voting to convict President Trump. That is the fine nuance. Politics, but i dont foresee republicans breaking with leader mcconnell and President Trump. Scarlet we will continue to watch for whether at leads to more senators echoing what senator makowski said. Murkowski said. Toare waiting for pelosi hand this over to the senate because nothing can happen until then. What is she waiting for . Kevin it is so interesting. We headed into the holiday with this working assumption she would hand over those documents. We are now hearing there is an open debate amongst lawyers, and there are a lot in washington, about whether the senate has to wait for Speaker Pelosi to do vote or if the automatic would trigger the senate to be able to do that. There is a procedural debate happening, but still the working assumption is this will get underway in january. From her perspective, Speaker Pelosis office, potentially using this as leverage to negotiate with the senate to get them to do more witnesses, bets but senator mcconnell is locked in a stare down. Scarlet what is the best case scenario, to drag this out and let it hang over the president . Kevin yes. It is an interesting reverse in terms of how we started this. The working assumption was the democrats wanted to get this tidied up by the end of the year so they could focus on the 2020 Election Campaign for candidates. It looks like Speaker Pelosi made the calculation that, let this drag on. Reelection,n i say what President Trump hopes will be reelection. I want to get your thoughts on boeing, because they have disclosed concerning messages on the max to the faa. This is not the first time this has happened and the white house has been in contact with the cot top brass at boeing. Can you tell us about that relationship . Kevin the new ceo has said his top priority will be to work over and when back trust in the faa regulators. New reports suggesting boeing has handed over documents in what they say is keeping with transparency, not just to the faa regulators but to the House Transportation Committee which has oversight on this particular issue. The documents sent over just before that holiday, have not been released publicly, but boeing has said the documents do not reflect the company they want or need to be in navigating through this. The first, it is development with this new Ceo David Calhoun as he looks to regain the trust of washington, regulators, the executive branch, and the american people. Scarlet not to mention customers. You are busy in washington and we made you come in early. Give us a timetable of when we can expect things to pick up. Kevin in terms of the impeachment, the second week of january. I have my eye on the first week of february because you have the iowa caucus the next day the iowa caucus, the next day the state of the union address, could be smack dab in the metal of the impeachment trial the middle of the impeachment trial, and then the New Hampshire caucus. Scarlet kevin cirilli, thank you so much, joining us from d. C. Joining us for the hour is Nick Bennenbroek. We spent a lot of time talking about the ins and outs of washington, the politicking and positioning. It does not seem to have much effect on the fx market. Nick from a political or policy perspective, the trade tensions from last year where the most significant factor. It has not been signed yet, but there is a hope and expectation we have avoided the worst in terms of tariff increases. The election is far enough away and the policy positions are less defined it will probably not have an effect on markets for a while. Moreet do you see, as democratic nominees detail their positions and give specific proposals, for that to start to affect the market as we get closer to the election . Nick potentially, you could probably put it into two camps in terms of macro economics. Growth whichelp tends to be helpful for the dollar. Could be a distinction between a centrist candidate which would not be as aggressive in terms of budget policy, but perhaps one of the more liberal types of candidates where there will be a spending increase. If one of those becomes the frontrunner and if it looks like fiscal policy will be more expensive, you can see expectations in the currency. Scarlet Nick Bennenbroek is sticking with us. Coming up, we assess the toolkits of the worlds Central Banks. They have done a lot this year. What do they have left for 2020 . This is bloomberg. Think Jerome Powell will have the courage to raise rates next year. It is a lot easier to change her name from change your mind from a tightening to an easing mode, but i dont think he will be easing. Scarlet that was Stanley Druckenmiller speaking to Erik Schatzker earlier this month. When we talk about rates, Central Banks, and what is left for them to do, one thing that caught a lot of attention was the amount of negative yielding debt around the world. Reached 17st, it trillion. People were wondering whether we would get to 20 trillion. The u. S. Yield curve inverted. There was a peak in august and now we have come down to 11 trillion, still a lot but nowhere near the emergency levels. A lot of questions on whether we have seen the end of the bond market rally. What happened here . Nick i think a couple of things. You see some of the safe havens the lessening of tensions between china and the u. S. In terms of the central bank hasook, the Central Reserve ended its easing. Australia and new zealand are both very close to zero. Lessmeans you have seen amounts of bonds and that is why you have seen prices down and yields up. Scarlet this is one third of the worlds total. Have we seen the end of this problem . Nick probably not. One thing we look for is the Manufacturing Sector and how it seemed to be stabilizing, so i suspect not. Up atect growth will pick wells fargo, 3 this year, 3. 3 in 2021. The other thing that will stabilize things will be fiscal policy. If this Monetary Policy and negative Interest Rates or low Interest Rates are ineffective, we will see fiscal policy support and that will stop from further easing and move down into negative territory in terms of yield. Scarlet lets get to fx. As much action a Central Banks took, fx volatility was low, record lows. There were some moments where you had flash crashes or flash spiked like when the yen 6 in the witching hour. Inl we see more of the same 2020 where volatility is low except for a couple of instances . Nick that is an interesting and difficult question. If you want volatility, you have to look toward the pound last year. Scarlet that was idiosyncratic and unique to the pound. Nick it is relatively low in terms of trade tensions. I dont think volatility will go down further but i dont think it will go up. One of the key sources of volatility are Central Banks, will they surprise and does that move the markets . Be lessbanks will active compared to 2018 and less surprises. We have been doing some analysis that volatility should have been higher. If we are not going to see triggers this year, i dont think we will see a pickup in volatility. Scarlet we had talked about swedens central bank and how it tried to get itself out of negative rates and made this move. Does that signal other Central Banks following its lead or is this an experiment where the riksbank might need to reverse course . Nick i dont think they will need to reverse course but i dont think we will see Central Banks following. The u. S. Federal reserve is not in negative territory so it will move things along. The European Central bank, generally they tend to be much more gradualist. 27, 28, 29 policymakers on the policy board, so it does take a while for their economy to turn around and get those policymakers to agree. I dont think we will see Central Banks following the riksbank higher. The only one that is following them higher or leading them is norway. Generally stable Monetary Policy. Scarlet Nick Bennenbroek of wells fargo is sticking with us. U. S. Technology has had Massive Gains in 2019 and for 2019 to 2010 2010 to 2019. Will that continue . This is bloomberg. Viviana you are watching bloomberg surveillance. Concerns about boeing grounded from the faa about a new batch of emails that were turned over. It was the same day boeing ousted its ceo. Year, last minute shoppers Holiday Shopping numbers up. 4 fromsing three point november through Christmas Eve, much of the growth coming from a surge in online orders. The Holiday Shopping season was six days shorter. In november, chinas imports of soybeans rising to the highest in 20 months, ahead of the signing of a partial trade deal in january. Data shows inbound shipments. Rged to 2. 6 million tons from october, that is up more than one million tons. To buyas issued waivers american soybeans. Scarlet thank you so much. Unicorneen a year of ipos, from disappointing debuts to ipo flops. Investors have had quite the roller coaster to ride. Joining us is paul sweeney. We convinced him to come in early. A lot of disappointing debuts and to push off some of the ones we expected would take ways, airbnb take place, airbnb. Paul we came into 2019 thinking this will be a huge year of unicorn ipos, everyone will make money. We had a lot of the big debuts but they were by and large disappointing. We started out with uber and lyft, both trading 20 below their ipo prices, disappointment because they were so highprofile, big private Equity Investors backing them. Culminating the year with wework , did not even get to the market, had to pull that back. A lot of issues for big unicorn ipos. You have to show investors a path to profitability even if you are not profitable today. You have to show a path to profitability, and uber was the First Company that could not articulate that for the market which was the big issue. Wework was the biggest issue. Airbnb, as we await once they have articulated that path to profitability maybe they will dip their toes in the market . Paul airbnb is such a big name globally, a global business. Even if they are not profitable today, we have not seen much of the financials and we have to see a path to profitability in a reasonable timeframe. Scarlet a lot of tech ceos marched before congress this year. Regulatory risk is another concern for big tech. Will we look for regulators to break up tech . Paul 2020 will be a big year in terms of u. S. Oversight. I dont think we will see moves to break up these big tech companies, the increased u. S. Regulatory oversight to big tech. Congress has taken a light touch to the u. S. Technology history and i think that will change. Scarlet paul sweeney, thank you so much. Up next, we talked the best and worst in the world of fx. This is bloomberg surveillance. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. I am scarlet fu in new york. Tom keene Francine Lacqua are off. Lets get you a data check. We have not seen s p futures move at all since surveillance began. Brace yourself for a quiet day of trading. It is a full day of trading after a halfday on tuesday where the s p 500 closed just after just off its high. Open,was open, taiwan was and some Southeast Asian markets as well, including japan. Day,en is weaker on the 109. 57. Gold futures moving up, adding to their gains, nine dollars above the 1500 level, a seven month high. Lets get you to bloomberg first word news. Viviana more rallies are being held in a hong kong shopping mall. Protesters hope forcing malls and stores to close will bring attention to their cost. Police fired tear gas during clashes in a mall. This is coming out a bad time for hong kong retailers. Over the past months, they have seen their sales plunge. The turkish government will ask for authorization to send troops to libya. The troops would be sent to train fighters loyal to libyas Prime Minister. Mr. Erdogan said they would be a deterrent. Prime minister shinzo wabi and bank of Prime Minister shinzo governor kuroda Want Companies to pay employees higher. Wagesunion Officials Say rose an average of 1. 2 . Firefighters are battling wildfires. A heat wave will blanket the area this weekend. Firefighters are taking advantage of cooler weather to work on containment lines. More than 12 million acres have been destroyed nationwide over the past few months and nine people killed. Global news 24 hours a day, on air and quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am viviana hurtado. This is bloomberg. Scarlet still with us is Nick Bennenbroek of wells fargo. Looking ahead to 2020, putting 2019 in the rearview mirror, as we look forward to china, wells fargo economics published a report saying when the facts change, we change our mind. Has your view on the chinese yen changed at all given it seems like the economy has bottomed and seems to be on the mend . Nick we have changed our mind and there is some hope in terms of the pmis surveys and the numbers in november were quite good. The Chinese Renminbi has followed the contours of the will they or wont they do the trade deal. The markets are looking at more of the will they . We are turning around about seven and before we got well above seven. We see signs of strength or recovery in the chinese currency. Over the next year or so, we will move down to 6. 90. Scarlet the renminbi cracked seven per u. S. Dollar for the First Time Since the financial crisis. President trump noted it and made his displeasure known. The fallout was limited. When we haveo 2015 a lot of capital output out of china, what was different . And some capital controls restrictions were implemented, how much countries were able to move outside companies were able to move outside the country. Early 2016 was very discouraging. 2015d the depreciation in and concerns about a hard landing in china in early 2016. This time, there was quite an active response in terms of Monetary Policy but more so in terms of fiscal policy. I dont think those growth expectations ever reached the depths of 2015 and 2016. Scarlet what does that tell you about beijings ability to cushion the blow from u. S. Tariffs . Nick there is still some capacity to cushion the blow. The trade outlook is a big deal for china. It is not quite as big of deal it would have been 10 years ago. They are a lot lower than they were, but coming back to what levers do the chinese policymakers still have to pull, the budget deficit is not that large. The official figures are 3 to 4 of gdp and they still have positive Interest Rates, 2. 5 or so, higher than that in some cases. Particularly, this reserve requirement ratio, the amount that commercial banks must keep in their deposits, it has come down a lot but it is still 11 to 13 , depending on whether you are a large or small bank. You broughtm glad up that transition that china is experiencing from an export led economy to one more focused on domestic spending. When you look at the other currencies in the asia region, they dont have that pole of domestic demand to rely on. They are a lot more exposed to the headwinds, but those have died down. It is kind of neutral. Nick when we look at 2020 and which currencies could do well, we are looking at chinas sensitive currencies, because when the facts change, and the biggest change is the trade outlook, it is significant in that around 25 of koreas exports go to china. In singapore, it is an open economy in general, so the world feels maybe not better but not worse. Softfect today, we got numbers for singapore in terms of industrial output from a month or two ago, yet the singapore currency has held pretty much steady. It is an indication they are paying attention to what is happening in the rest of the world and not as much as singapore. Scarlet industrial output dropping, a big miss. Lets talk about japan, because viviana was reporting about how the abe government is urging companies to pay their workers more to generate inflation. Will we get any . Nick probably not. It has been at the zero line for a long time, and given the inflation levels and japan over the last decades, it will be difficult to break the inflation psyche or lack of inflation psyche. They will be aiming for 2 inflation for quite a long time. Although we dont think the japanese economy will do we have aly badly, consumption tax increase that can be part of the offset by the fiscal package the japanese government is doing to dampen down the effect. If you are not seeing a burst of economic growth, which is generally what you would think would drive inflationary pressures, prompting Japanese Companies to raise their prices, it will be difficult to generate a sustained increase in japan. Scarlet it takes a long time to take root. That comeseadline from the central banker of lebanon. No one knows where the fx rate is going. This is the lebanese pound were talking about. Do you cover the lebanese pound . Is there demand . Nick that is not a currency we follow closely or transact. We do pay now it is not the question you asked from a technology perspective, some of our clients look at the israeli shekel so geographically it is close even though economically it is not. Scarlet i am glad you bring up the shekel because it is the second best performer against its peers this year, even as Benjamin Netanyahu is getting ready to head to election again. He has not been able to form a government. Stalematespolitical affecting the market more . Nick in terms of the economic fundamentals, the shekel, there was a Large National gas find off the israeli coast several years ago that has generated dollar inflows converted to shekels. When one looks at this region, there is always something happening in the middle east, including in israel. In terms of what would you consider to be a safe haven or one of the more orderly currencies in the region, it is probably the israeli currency. When you see these kind of global jitters, it does not affect the shekel as it might some other currencies. We do think there is some potential for modest weakness in the shekel because of the political situation, and also we Pay Attention to the central bank. One of the policy changes they are talking about is being more active in terms of Foreign Exchange. They are not upset, but a little unhappy at how the currency has remained as strong as it is. A weaker currency might help. Scarlet they need to think about currency war and how the president did this year threatened tariffs against argentina and brazil on their metal exports because they were devaluing their currencies too much, which is a different kind of situation than the European Central bank weakening the euro. Up for a currency war scenario in 2020 . Never, in they sense of the dynamic between the white house and the administration and some of the other important policy houses, the Federal Reserve. The dynamics are different than they have been in the past. Scarlet more tension. Nick right now, there is not an expectation there has been some talk the treasury could intervene in the currency market. I dont think that will be a largescale feature of this year. I would be surprised if the u. S. Went the next step and became active in the Foreign Exchange markets. Scarlet so far, just hints and talk but no followthrough. Nick bennenbroek is sticking with us. We will tell you about a rapidly growing private network linking powerful women across industries, csuite women in particular. This is bloomberg surveillance. This is bloomberg surveillance. Chinas financial regulators are calling for more transparent and fair handling of default. The goal is to restore Investor Confidence in the second largest bond market. China sayss bank of in the process of settling default disputes, all bondholders should be treated equally. Seriously concerned about the rise in maritime crime in the singapore straight from privacy authorities urging to step up patrols, the latest incident happening on Christmas Day. Six unauthorized people were found in a tanker engine room. There were 30 instances of piracy and Armed Robbery reported this year. Russia may finish the north gas pipeline in the foreseeable future. It is a system of offshore Natural Gas Pipelines from russia to germany. The Prime Minister saying u. S. Sanctions will not prevent the completion of this project. That is the Bloomberg Business flash. Scarlet the road to success is often lonely for anyone, but for the women who break through the Glass Ceiling and make it to the top, the challenge is to keep them there. Our conversation about the bottomline impact of diversity, i sat down with carolyn childers, cofounder and ceo of chief. We discussed the growth of hers start up with a wait list in the thousands. Carolyn we started with cold emails and the very first day we sent a cold email to some amazing women, a very Senior Leader at a fortune 10 company signed up first day. That is when we realized, there is really something here, there is a need, and it has only taken off from there. Emailingot less cold because we have been able to have wordofmouth take effect and that is driving that waitlist. It has been a completely different experience. Post the positions you were talking about, i was talking i was in the startup world for a while. Those who need to jump into marketing to continue the growth flywheel Venture Capital is expecting is phenomenal, and we have not had to spend anything on marketing because it is all wordofmouth. Scarlet how much is the membership . Talk about how willing people are to pay a premium to be part of this group, because especially if you are cold emailing and then you were saying, we are building this organization and it costs money, a tough sell. Carolyn it was perceived originally as premium pricing. Levele 7800 foray c level. Ve and 5804 vp andust focused on vp level when people saw the price tag, you equate it to other social organizations, but for us it is more equivalent to Leadership Development initiatives. It costs 30,000 to get an executive coach for six months. That is what we compare ourselves to. A lot of what we do really revolves around support and coaching, so it is more equivalent to that. Because of that, we are able to get companies to sponsor, so the vast majority of our members are companysponsored. Scarlet and multiple women from that company our members . Carolyn exactly. We are developing partnerships with companies. We reached out directly to the members themselves, but as more and more women within these larger organizations have expressed interest and gone through the process and experienced with chief and had a positive experience, we are starting to have conversations with companies. Scarlet chief is based in new york and you have a physical presence. Are they all in new york . The waiting list would suggest they are elsewhere. Carolyn the majority is new yorkbased. Newmembers, the 2000, are yorkbased. We Just Announced we will officially open our second city out in l. A. , which is really exciting, and have big ambitions of getting to all of the major markets in 2020. Us, i thinkce for there is a really interesting social and Digital Networks that used to be the main way people were starting to connect, and people are starting to create in person. That is where you can build the deep connections. This is meant to be a place where you can be your authentic self and talk through your biggest professional, personal challenges. It is hard to do if you cannot see the person and have that kind of relationship. It is important for us to anchor in and in person experience, which for a venture backed experience can be an interesting sow, as we were going around sal, as we were going sell as we were going around. Scarlet how did that go . Carolyn if you are going said he by city and have an in person experience, the level of operational lift it takes to go to those cities is harder and higher than other businesses that you build it and it can take off from there nationally, globally, etc. Our model requires that. Dodoes not mean overtime you not have a digital experience that allows you, if you are outside of l. A. , san francisco, youk, you kill yes can still participate in in person experiences. Scarlet i am scarlet fu in new york. You are looking at live pictures of london, the houses of parliament. This is bloomberg surveillance. Nick bennenbroek is still with us, and if you look at the wall of worry in even though the no deal brexit will not happen after Prime Minister johnson won the election and they passed his deal, he has made clear he will not extend the deadline to reach a trade deal with the e. U. , which sent the pound tumbling. It is now at 1. 2959. That an override action overreaction or was it justified . Nick perhaps a little bit of an overreaction. Investors should still be worried about brexit but not as much as before. The party and Prime Minister have a working majority so they have a little control of the prices. That is why we think of bad brexit outcome is less likely than before. I personally was surprised at how quickly the pound fell back towards the 1. 30 level. If the economy holds up ok and stabilizes and improves, some of the brexit uncertainty has disappeared, while the end of our q1 forecast was 1. 34 and maybe that will be hard to get to, but in 2020 we will be in the 1. 35 to 1. 40 range. Scarlet how does the pound get there . Will it be a Straight Line up, up and down . How volatile will it be . Visibility and less unpredictability around the process. I think we will see sustained and is of increases, would expect any pullbacks would be relatively shallow. Scarlet Nick Bennenbroek, thank you so much. Lets take a look at u. S. Futures because there is a full day of trading and we have jobless claims coming up in about one and a half hours. David how bad can it get . Boeing replaces its ceo, and now turnovers documents about how it handled the 737 max certification. ,he first republican senator Lisa Murkowski of alaska, expresses doubts about the way Mitch Mcconnell is proceedg with impeachment in the senate. In the santa claus rally. Equities continued to climb, as does oil, as does gold. Does it set up the markets for new highs in the new year, ora upcoming correction . Welcome to bloomberg daybreak on this thursday, december 26. Alix steel is off today. On the nasdaq, this would be the 10th day in a row they are up. We also have the pound up against the u. S. Dollar. Continued confidence about what is going on with Boris Johnson. Gold up at over hoopty hundred dollars an ounce now at over 1500 an ounce now