The far eased. And senior washington correspondent peter cook will have a live interview with housing and urban Development Secretary julian castro. Lets get you to the top stories we are following at this hour. Activists will pay 66 billion for allergan. Activists will pay 219 per share in cash and stock. The offer includes a higher percentage of cash than valiums bid. Valium says they will not try to actavis offer. Just days after talks between the two had stalled and halliburton had prepared to go hostile with its takeover bid. Spoke with halliburton cfo by phone earlier. Demo we are very well advised. We are very well advised. We will now start working with the regulatory authorities. At the end of the day we would not have done this deal if we did not believe it was achievable from a regulatory standpoint. The combined Energy Company would generate slightly larger revenue than the Worlds Biggest Oil services company. Obama has returned from an asiapacific swing and is facing the possibility of another Government Shutdown over immigration and the senate to vote on the keystone xl pipeline. There is not much economic benefit in this bill for anybody in the United States. There is not even an ounce of the United States going into this pipeline. The oil is not going to stay here. This is a special treatment for a canadian corporation, something we dont give our own corporation. There really is not much in it for the United States taxpayer. President has all but threatened to veto. Officials at the Nebraska Medical Center saying and a bullet patient being treated in a biocontainment unit has died. He arrived saturday to be treated at the omaha hospital, where he of other ebola patients have been successfully treated. The latest efforts to attack ebola worldwide is coming up at 2 30 p. M. The Supreme Court is deciding if homeowners that the crop that declare bankruptcy can avoid a second mortgage. Will consider two appeals from the bank of america. Homeowners should not be able to strip off a second loan, even if they are underwater in primary loans. Scientists released the first data from the comment as they tried to revive batteries with solar power. 300 10 million miles from earth. Its batteries are depleted. Is European Space center determining whether the experiments have proved successful, including drilling a 10 inch hole in the comment for samples. Up next, for the fourth time in six years, japan slides into recession. We will interview the housing and urban Development Secretary julian castro. That much of pan surprised japan surprised economists. Despite nearly 3 slump in the seems resolutely positive. Selloff, investors are telling bloomberg they are not concerned about corporate profits. Why not to . If you look at the reaction, it is a kneejerk reaction to these negative gdp numbers. Whether you are looking at the nikkei in itself or a japanese you definitely, did see that initial negative reaction to this news, which was surprising to economists. In talking to investors, they are saying what we have seen in the past, the Prime Minister acting to improve the economy or market, returns of the he is likely to stave off the next phase of the sales tax. We talked to the president of the Peterson Institute for international economics. He talked to Francine Lacqua in london. Economy is going to return probably next corner. It is still at relatively low unemployment. Thetill wants to spread out consumption. Lets be clear, he is going to postpone. A broadlyems to be held of view, that the sales tax hike will now be delayed to some extent. There are still some skeptics. Todays reinforced their thinking. Another way you can look at this is look at the japanese automakers, which are down today in the u. S. Trade. Mitigating the effect of the recession for these big exporters is the fact that the yen has slumped as well. Japanesebeen a boon to exporters and some of the investors i spoke to set it is not just about what is going on in japan, particularly for these multinationals. It is about Global Growth as well. What about u. S. Companies that get your revenue from japan . They have been doing is not necessarily good news. Aflac tops the list with big business in japan. All of these are wants to watch. Julie hyman, thank you. Now i bloomberg exclusive. A Mortgage Fund is back in the black and wont need taxpayer help. That is good news for americans open to qualify for a home loan backed by the housing administration. Eater cook is standing by with president obamas peter cook is standing by with president obamas new housing secretary, julian castro. I am joined by the newest member of the president s cabinet, mr. Castro. It is the first time for us to tot with you since you came the nations capital. Welcome. Thank you, it is great to be with you. Lets start with the assessment of the hfa of the fhas insurance fund. Walk me through what is going on right now. We are pleased with the good news today that the fhas neutral insurance Mortgage Fund for the first time in a couple of years is act in the black. Folks were remember that last year it had to take an appropriation from the treasury. It is in positive territory. It has seen an increase of 20 billion in its value. The underlying fundamentals are stronger than they have been for quite a wild. The default rates are down, the recovery rates are up. Frightened now it is at eight point 41 capital reserve ratio a. 41 t now it is at capital reserve ratio. A is projected to stay on strong track in fiscal year 2016 to actually being just above that 2 requirement. Improving finances, where does that mean when the rubber hits the road . Does it mean you might be able the fees and of premiums the fha is charging right now . It is a very good question. A lot of folks in the housing industry have been asking for quite some time. It is premature to answer that question. That analysis has not yet been done. We just got this annual report. We will be taking the time to do the Due Diligence that is part of answering that question. Cannot answer it out at this point. It is possible but you cannot make that decision at this moment . , that is right. We are not going to make it for the decision about that. Furthergoing to take analysis. What about the risk factors at the fha right now . You have fannie mae, freddie mac , they will be taking 3 down on loans they back stuff. Fha, the lowest of 3. 5 down. Is there any concern fha is backstopping the riskiest are seattle it is true that volume there has been down over . He are over seattle the t , they have been stronger than they have been in the last couple of years. We understand we have a responsibility to ensure that the fha is honest on track. But also to fulfill this role for the last 80 years of its existence, they have been ensuring that firsttime modesters and folks of means are able to get access to credit. Striking thatt balance and those are the questions that, going forward, we will be putting a lot of time and effort to continually analyzing. How are you going to reassure republicans in particular that we will not be right back where we were a couple of years ago with americans getting into homes they cannot afford . Is democrats, it is all americans that want to ensure we do not go back to where we were before. Very mindful of that. It is about striking this balance. The fact is since the housing crisis we have put into law the congress has put into law the Consumer FinancialProtection Bureau has put policies into effect at protect us against sliding back to where we were. In fact, many of those risky mortgage products do not exist in the same way that they did back then. A few years ago it was too easy to get a home loan and today what we see out there is were every day americans who are responsible and hardworking, it is too difficult. Remember just a couple of weeks ago ben bernanke saying he could not get his home refinanced. The question is where is the pendulum best placed . Can we get it right in the middle where it belongs with it alans of ensuring that we do not slide back to where we were, but also ensuring there is access to credit for americans who are ready and responsible to buy a home. Just teed of years left in this administration. Just two years left in this administration. There is a lot of talk of doing away with fannie and freddie. Is that going to be a priority . Housing finance reform has been a priority and will continue to be a priority. As your viewers know this has been an issue of a lot of attention over the last year or so. Bipartisan piece of legislation that made it out of the Senate Banking committee. , senatorsothers corker and warner, as well as folks in the house who have been working on this issue. Be a good victory in the lameduck session where there is bipartisan support for housing and finance reform, for fannie andwith freddie as we know them, creating a backstop, introducing more private capital in the market and taking more taxpayers off the hook if we do ever experience what we just went through as part of the housing crisis in 2007, 2008, 2009. That is a priority for this administration. Thank you for joining us. Our first chance to chat with the new was member of the Obama Administration candidates administration cabinet. , thank you so much. A coming up, searching college costs, wright singh tuition fees are out casing to rising tuition fees are out casing inflation. That is when bottom line continues in just a moment bottom line continues in just a moment. Bloombergs Higher Education reporter janet lauren has been following this story. College costs are rising faster than inflation. Incomes are not increasing. If you are getting a bill for your child you are in the 3 increases. If your income hasnt gone up that much you are going to feel that increase. If i am sitting down, if you are a parent and you are sitting down with your son or daughter and thinking about going to college, what is this going to mean for your affordability level . Each college has its own formula and distribution method. The wealthiest schools are those in the ivy league. Give it based on who needs it according to their own financial calio financial calculations. Omes really have an incomes havent gone up. The price is going to be different from when your child enters as a french enters as a freshman to when he or she is a senior. There is some good news. It is slower than in previous years. Not beencreases have as high. That is that her news for families. What does this all mean for college debt . Is exploding to the point where we are seeing people who have been out of college for 25 years is still being hounded to get money back. The first one was a cumulative debt of graduation for college degree, those who finished their college degrees. It is about it is according to one study. The debt and graduation was continuing to rise. A total debt borrowed in the previous academic year. That has the client. Enrollment has gone down. As the economy seemingly gets better, people decide they are going to work. One of the largest sectors is the forprofit college sector. For college go to forprofit colleges how much did people borrow last year in 2013 . I believe the total number was 105 billion. People leaveebt to on average when they leave school . Families still struggling to afford college. You interviewed one of the authors. Are accelerating. Six months after you graduate when you start paying your student loans. Janet, thank you so much. The hour,inutes past which means Bloomberg Television is on the market. Lets take a look at where stocks are trading right now. Dow gaining. He any gains would be another record. Closing lower by a third of 1 . Egg dealmaking announced today. In terms of individual stocks, one deal that does not look like it is happening, dreamworks animation, shares following by a decade. Those talks falling apart. Linkedin shares are falling on a report that facebook is testing a new version of its social network that will let People Community let people communicate and collaborate on work. It will probably debut in a few months, according to a person familiar with a matter. More on the markets in 30 minutes. More Bottom Line Bank more bottom line next. Thank you for staying with us. Ebola has claimed the second life on second life on u. S. Soil today. She died at a nebraska hospital. Death out ofecond 10 known cases. Of theined by one leading experts in infectious diseases. Welcome to bottom line, thank you for your time today. The ebola of, detection is key. The doctor reportedly showed symptoms on november 6 but tested negative. He tested positive just a week ago. What might have happened yet go when you have early infection sometimes the virus is so low that in fact it does not show positive on the test. That is the reason why when you recommend when we have a high suspicion of ebola that you repeat it in 48 hours so it may be 78 hours at the latest 72 hours at the latest. The virus is at such a low level. Of all the actions undertaken by the centers for disease , what has been necessary and what might have been done to calm fears . I think it is important to that thehe public virus cannot be spread except when you have direct contact with the body fluid of a sick person. They see the devastating impact it has in west africa and fate immediately extrapolate that to what could happen in the United States. Do contact tracing, when you are identifying and isolating people have an way we are seeing in west africa, we are looking for a way to get that message across. Us a report card. How have we how do we cover this . This is a cataclysmic outbreak in west africa. Emphasizing and underscoring that the best way to protect the United States or any other country is to suppress in west africa so you dont have cases exploited out of west africa. Mr. Duncan came here and we did , and toize he had ebola help protect our Health Care Workers with the proper equipment. Trials are being planned for the affected countries. In an ideal setting, a placebocontrolled child would be conduct it. Is that applicable when some promising therapies have already been used . Absolutely. It would be unethical not to do a controlled trial. When you are dealing with a vaccine you can be giving the vaccine that you have no idea if it works and no idea if it has harmful effects, you are going to be giving it to normal people. Essential youly do a trial in a manner that you get the definitive information as to whether it works or if it is harmful. The only way you can do that is with a controlled trial. This is such a serious disease vaccinesjust give out or unproven drugs. That is absolutely not the case. How concerned are you that so many ebola therapies are being used without clear evidence that those therapies are safe or effective . Is the reason why we are planning and will do controlled trials that are ethically sound. A vaccine trial must be done in when you way controlled way. You have to make sure you give them something that is a next sender an accelerated extended care. You compare that with a particular drug. Many of these drugs, several will turn out to be toxic and not effective. You have to be careful when you test the drug. We hope some of them will be effective. Some of them will actually be toxic. The epidemic shows weaknesses in Health Care Systems in a remote corner in west africa can pose a global threat. What lessons should be learned from this and what global changes should be made to mitigate the epidemics . That is a reason why the Health Care Infrastructure and the preparedness we have and the weakest link anywhere in the world will have an impact, even in countries that have good delivery and infrastructure. That is the reason why we are pushing globally to help with a global agenda. Namely to be able to lift up all votes on that so that every single country can have the capability of recognizing and at least doing something early on to prevent the spread of the new and emerging infections. We have 30 seconds left. It seems like it wasnt spoken about all that much. That is the way things are. Ongoing threatn you have a certain amount of attention to it and people get wary of it. You see the same thing every day and all of a sudden people forget about it, then something happens to regain the attention. We see that all the time. Director of the National Institute of allergy and infectious diseases. It is a privilege, thank you for your time. Good to be with you. It is time to shop for Health Insurance once again. A look at what Price Waterhouse coopers calls the new economy. Bottom line continues in just a moment. Brazilian oil company is putting out its 2014 growth target. The company has delayed and Earnings Report as a corruption investigation continues. The company will install a Corporate Governance department. To production will increase 6 this year. That is below the seven percent annual output rise previously targeted by the company. For the uninsured and those with individual Health Insurance policies it is time to shop around for health plans. Enrollment in obamacare began saturday and will be open to february 15. Welcome to bottom line. Thank you for your time. Callswaterhouse coopers it the new health economy. Is it impacted by the Affordable Care law . The Affordable Health economy is where our sector is heading. We see wonderful trends emerging where we are moving away from volumebased care or the the for service medicine. That should be good news for consumers. Consumers are going to be much more important. They are going to make more