Qualcomms new ceo and all of the Friday Market news. And yang yang has reaction from harry reid on the battle in the United States senate. Greg good evening mark. The battle is in the senate after the house voted ,verwhelmingly on thursday almost equal numbers of republicans and democrats, to pass the bipartisan budget deal. It puts new pressure on the Senate Democrats to get it through this one last hurdle and onto president obamas. The senate is expected to take up the bill on tuesday. 5 republicans will have to join democrats for the deal to pass. After two street all night sessions, and the continuing fight over senate rules, passage does not look like a landslide. Despite strong republican support in the house, some of republicanofile senators have already lined up in opposition to the bill. They do not think that the deal negotiated by congressman paul ryan and senator patty murray does enough to bring down the deficit. Majority leader harry reid who spoke to bloombergs al hunt for Political Capital said that senators have to vote yes. I think it would be suicide if the republicans do not have to. It is a landmark agreement, not because of the massive size of it, because of what it does to the congress and for the american people. Senator patty murray also said today that she is confident that it will get the votes that they need. If they do, the threat of a Government Shutdown would be off the table for two years. We would have ourselves a rare moment of bipartisanship. Congressman Chris Van Hollen also had an interview with al hunt and he said that it should not be considered a breakthrough in washingtons gridlock, at least not yet. Getthe big test is when we to the debt ceiling. Whether or not the House Republicans again threatened to not pay the bills that are due. They may try to use that moment to extract concessions on their agenda. Feel that fight is just around the corner. The debt ceiling is suspended until every seven. Thats what often we expect ysidro progress next week before they break for the holiday . In the senate, we can expect to see a few things. We can expect to see a vote on the Homeland Security nominee on monday and janet yellen confirmation Janet Yellens confirmation will be next week. Looking ahead to 2014, Speaker Boehner formally invited president obama to deliver a state of the Union Address on january 28. The president accepted. Mark your calendars. Again, thank you. We will have more on the budget agreement and what might happen in the senate next week. Political strategist at Atomic Research group will join me for analysis and a look into what could be considered a crystal ball at the eye. That is coming up in 10 minutes. Lets get you more from al withs extended interview harry reid for tonights Political Capital. The elimination of the filibuster will not change legislation. The rule change was necessary. Withu have an agreement mitch mcconnell, so you dont need to have another allnight session over the weekend. Do you think this marks the end of this bitter rancor that has transpired over the last couple days . Republicans say that it is due to use steamrolling the rules change. It does not stem from the last few days. It has been over the last five years. There has never been a situation in history where a president has been treated the way he has by the congress. It is no wonder that the congress is the way they are. We have had obstruction on everything. The, nation was when the president , after five years, we put a teamhat he had together. So we change the rules. Are those rules changes permanent . 50 yes. No matter who is president , they should have the ability to have their team in place. I do not know why people complain about the majority. People talk about this filibustering as if it were something that is next to the 10 commandments. A filibuster is not part of the constitution. It was developed originally to help get legislation passed. Now of course, it is used in a way that stops nominations and legislation from being passed. We are not going to affect legislation. Will the Senate Confirmed janet yellen next week . Yes. The you know when . Toward the end of next week. Relationsate Foreign Committee chairman wants to pass a tougher iranian sanctions bill that would be triggered if the interim agreement falls through. John kerry and the white house say that would be a bad idea and hurt you negotiations right now. Will there be a vote in the senate in january on iranian sanctions . We had a good briefing this week. We had secretary of state john kerry and jack lew and it lasted for two hours. Menendez was there. A bipartisaning on agreement to come up with some type of resolution or legislation. He has worked closely on my side of the aisle with senator chuck schumer. He has been involved in that. I will wait to what they come up with. Is there more likely to be a resolution than legislation . I do not know. Startedsomething people talking about a day or two ago. It is an important issue. Iran has been a real problem for the United States for almost 40 years now. We cannot let them get a nuclear weapons. Israel is our friend, they are my friend. We must protect the administration in our negotiations. Bipartisan legislation is never bad. If we can come up with something ,hat satisfies my people menendez and schumer and the other folks, and it is bipartisan, we will take a look at it. Let me turn to obamacare. It has caused the president and it has cost the american citizens. How permanent is this damage and do you think it will cost you the senate. Not only do we have incumbents doing well, we have states like kentucky and states like georgia where we are running well. Were doing well. See al hunts entire interview of Senate Majority leader hearing read and maryland congressman Chris Van Hollen on Political Capital lowes quote coming up tonight at 9 00 p. M. Washington time. , what is going to happen next week in what some are calling a totally dysfunctional u. S. Senate . Friday night politics when bottom line continues in a moment. Saturday is the oneyear anniversary of the School Shooting in newtown connecticut. The governor has ordered flags in the state to fly at half staff in honor of the children and adults who were killed at sandy hook elementary school. Students in colorado, in suburban denver were ushered out of their high school with their hands up after a student shot two people before apparently turning the gun on himself. County sheriff said that two students were winded. The school is eight miles east of colorado. Columbine. Lets see how the markets finished for this session. Little changed, after the worst week for the s p 500 since august. Losses in oil and phone shares had gained after the house of representatives passed that budget deal. Lets look at the numbers. The s p 500 went down fractionally pulls out the Dow Jones Industrial average was up 16 points. Up twodaq composite was point two just under 4000. Lets get you the stories high and the numbers. Su keenan is standing by with those details. Despite that loss for stocks, there were some big gainers. Adobe sword as it attracted more subscribers than forecast for its Online Software pulls out Texas Industries jumped. And tmobile is moving on reports that sprint might be mulling an offer. Nimble, thewas flash storage company, that raised more than expected in its ipo. The former chief operating officer of qualcomm was just bumped up to ceo and president. There were reports that microsoft was eyeing him in their ceo search. He takes the reins of all, in march. Big capital changes at at t. Honeywell announced a Stock Buyback Program of almost 5 billion. Electronic arts rallied as videogame sales jumped up to the eight percent yearoveryear. 4 and playstation Microsofts Xbox one played a big role. A judge found that a Texas Company and its unit reliable for a potential payout for environmental cleanup. This relates to a Chemical Company in 2005. They plan to appeal the decision. Andy reid taylorsville know all about pressure. And the retailers know all about pressure. They are facing some major challenges. But they are in a world of hurt. Both of them lost the brand cachet. Jcpenney, they had the cachet with a Certain Group of customers, and they really lost it. They lost it by saying they would not be discounting anymore. Everyone loves discounts. They lost all those people. It is hard to bring them all back. They should say they are sorry they did that and you discounting again. A bearish tone from miller who once called himself the turnaround kit after a career spent making trouble companies better. Su keenan thank you. Not excited about the budget bill. Joining me from washington, chiefvalliere, the strategist at the potomac group. Welcome to the broadcasting good to see you again. Great to see you. Write the deal eases the effects of sequester. Kurt occurred and another Government Shutdown. But it does not put the country commentsteny hoyers about a fiscallysustainable path. This a missed opportunity to do Something Big . We could have been bigger. But this is washington. We never could get a grand compromise. About thisagree extent. The deficit will continue to fall dramatically. The new focus is not going to be outraged. It will be on revenues. We will see a pleasant surprise. Deficit, andg of the former libertarian candidate for president gary johnson, he put out a press release that reads in part, are we supposed to be impressed that the deficit is almost 700 million . Seven under billion dollars . Crowinge folks are about a deal that will save 20 million. 20 billion. For taxpayers, for businesses, for the markets, we now have some predictability and stability. A half, this deal goes until the fall of 2015. That kind of stability removes a big headwinds from the economy. A year ago today, we had enormous headwinds. A shutdown, higher taxes, none of those headwinds are present now falls out as you speak about headwinds, paul long senator patty murray, he said that the deal provides certainty to the u. S. Economy, what does it say that even a small deal could give this economy some momentum . It removes all of the question marks in my opinion. We do not have to worry about another shutdown. For a lot of businesses that have been hesitant to invest, we are removing that obstacle and uncertainty. Debtu talk about the ceiling, and as we know, this is a temporary truce. There is a fight upcoming, and for all the talk about compromise, you dont feel we are headed for another round of political back in or next month . By kumbayaome time in washington. The senate will very narrowly approved a steal and now we have to worry about appropriators getting something done to generate 15. There are a lot of contentious issues, whether it is tax reform or immigration reform, or as you mentioned, the need to raise the debt ceiling. I feel strongly that the Republican Leadership has decided that they will not play brinkmanship again. Like that leadership is coming from john boehner. How difficult is this for him . This is a big story. In my city, we may be parochial is aboutbut this story how eagerly he repudiated paul ryan. This will work for be 84 weeks and weeks. Despite within the republican party. Theres is one player who emerged as a big winner who is a popular player in both wings of the republican party. It is paul ryan. It was a big week for paul ryan. If i have to ask you about the markets. They seem to like what they heard today at least. How do you think the markets will continue to react to this Going Forward . Is this the certainty that the markets needed . Thehis part of the story, physical part of the story, has been settled. Now you have a new concern and that is the monetary part of the story. I say ironically because over the next week or two, what the fed is going to do with tapering will become the focus. It looks to us, and we have a former chairman who believes that after the sales report on thursday, the fed will start to taper next week. I55 have all the information that it needs . Does that certainty inhibit the Economic Data over the last few months . Some people at the fed would prefer to wait another month or two. The direction is pointing towards stronger than expected growth. That is enough for the fed to do a very modest taper next week. , joining usiere from washington. It is always a pleasure to have you on the broadcast. Thanks for your time. Continues inline just a moment, we will continue our coverage of 12 days of bitcoin. Do americans even know what bitcoin actually is . We will have the results in an exclusive bloomberg poll when bottom line continues in a moment. Welcome back to bottom line and tonights installment of the 12 days of bitcoin. The price is back up and more places are now accepting it as payment. Does that mean more people know how to use it . Megan hughes has the result of our exclusive Bloomberg Survey. Bitcoin can be used to buy everything from tshirts to teslas. A lot of people dont even know what they are. A Bloomberg Survey from december americans,er 9 asked what is it going . 46 had no idea. 42 said that it was a virtual currency. Out of those who had heard of bitcoin, some heard about it because they had heard it was being used by criminals to conduct crimes. Under 35raphic, those were most likely to know what bitcoin is. It could be an indicator of its future. Bitcoin, are aware of almost 50 believe that it should continue to unregulated. Be say that it should not regulated. It promises to be a hot topic in washington. The sec chairman suggested that Virtual Currencies could be considered securities if they are bringing in returns. They could be subject to agency regulations. Up, landlords asking for a 700 increase in monthly rent. No it is not here in new york city, it is in china. We will tell you how much it will cost to live in beijing these days. That story and more when bottom continues in just a moment. Welcome back to the second on hour of bottom line bloomberg television. Im Mark Crumpton, thank you for staying with us. Lets check on the markets. Stocks were mixed today and posted their second weekly loss in a row. Indexes reached record highs as recently as monday, but then they declined. The s p 500 index was down fractionally, finishing the day at 1775. 10th of aones was a percent today. The nasdaq finished up around 4000. The indexes show that they were all in the red. The topeck some of stories were following for you at this hour. Today was the last pay for public viewing of Nelson Mandelas body in south africa. Police had to turn away thousands of mourners due to the long lines which stretched for miles. He will be buried sunday in a remote village that was his childhood home. Security will be tight as dozens of heads of eight are expected to attend. Space station astronauts may get their christmas wishes. This astronaut is hoping to get a wish for a spacewalk or two. He is next. Spacewalk or, and says he is ready to he is unexperienced spacewalker, and they may need to make repairs. Bad valvespects a inside an external pump. Superstition did not deter players hoping that friday the 13th would bring them luck in the Mega Millions game. Heavy sales rocketed lottery officials to use the jackpot to 425 million. Sales were 40 ahead of projections, and officials boosted the jackpot from the drawing. You were to try all of those possible number combinations at one place, it could take over seven years to print all of the tickets. Good luck. That is a look at some of the top stories. Approval of the 5. 4 billion dollar case dying Keystone Pipeline would be a jackpot for energy producers. According to a bloomberg poll, a majority of americans support cashing in. 66 56 of americans support the pipeline. Dirty five percent see it as an environmental risk. Pipeline protest may be affecting public opinion. 58 say that canada should take steps to reduce Greenhouse Gas emissions as a condition for approval. After five years have passed more than five years have passed wase the Keystone Pipeline first proposed. Americans believe by a margin of 61 28 that the delay is more about holiday then any legitimate environmental concern. Now for the commodities report. Su keenan is in the newsroom todays details. Go downw oil and gas today. Coffee provided a big pick me up. 20 ,s game was more than making for the biggest weekly gain in more than one year. The been used by starbucks and other companies tighten. You want sugar with that copy . It could cost you a bit less. Sugar futures have been in decline since october. Energy falls across the board with oil falling to a 10 day low on a mix of concerns. Down and analysts say that traders are continuing to be concerned about this tapering. Gold and silver took a few hits, but they ended higher after signs of inflation. Investors are thinking the fed might wait a bit and that tapering is still off the table. Rises may get a pickup due to chinese demand. It was the longest rally since may of 2012. Aluminum, zinc, and nickel are also moving higher. A losing week, and it dropped the most in three weeks i should say. That china may be projecting certain types of corn for safety concerns. Were looking at wild weather this weekend. How will that affect the church next week . Next natural gas. Natural gas. The milliondollar question is what will the weather really do . We are seeing a little short term complications. Natural gas, the soca