Begin with White House CorrespondentPhil Mattingly and a preview of president obamas rhyme time addressed and night president pic obamas prime time addressed tonight. The topic immigration. What you are going to hear is the first step of a lengthy process by the president and other white house officials to sell this to the American People. It will include measures that will allow 5 Million People to stay in the country who are currently undocumented. It will allow them to come out of the shadows. Question is, what will republicans do to plus fact can the American People behind this . Thes there a chance that Republican Party could overreach in its response . There is a chance. That is what they are saying on capitol hill that they are trying to avoid. They are trying to coalesce around something they can do to push back, but not alienate the hispanic voting bloc. Now, there are a couple things they are looking at, potentially funding matters, potentially moving forward in the legislative rosettes when the process when the senate takes control next year. This is an issue to keep an eye on going forward. Been talk from the Incoming SenateMajority Leader Mitch Mcconnell and House Speaker john boehner that if the resident word to go ahead and unilaterally act, in their executive order, it could poison the well for cooperation on future issues. Are you still hearing that . Absolutely. That is something they said at a luncheon last week and something they continue to say publicly and behind the scenes. There are a small number of issues, you call it low hanging fruit, republicans and democrats say they can both work on. Corporate tax refunds, corporate spending. For the people on the back bench, this will make the entire essentially pushed those off the table. Immigration will be the only thing going forward. Republicans are very aware that they were elected more or less to govern. They try they know they need to pass legislation. How they do that is something everyone money to watch coming next congress. We found out, the white house announced to the speech on facebook. It is airing in prime time right before the Latin Grammys and he will head to las vegas or ace each for a speech promoting the action. What is the strategy . There is a strategy and it is not just going over the press, which was kind of frustrating for some of us yesterday. They are essentially trying to reach out around the press. Tonight, interesting fact networks, cbs, nbc, abc, not hearing the july. White are frustrated by that. They do have an agreement with univision. That is a key demographic they are absolutely targeting. These each tomorrow, very similar. It is the same high school where the president announced his comprehensive Immigration Reform principles in 2008. Nevada is a crucial state. They feel good about it now. White house correspondent Phil Mattingly joining us now. Thank you so much. We will host our special coverage of president obama prime time addressed tonight at 8 00 p. M. New york time. We will carry the speech live, followed by analysis by the Bloomberg Team and special guests. Housing went up unexpectedly in september. Wells fargo is the largest u. S. Home lender. Anika khan joins us from charlotte, north carolina. Good to see you again. Thank you. Monthober was the first where home sales increased. What gave october a boost . Overall, we see lower inventories at this time of year. We can get volatile swings, but we are seeing improvement in the housing market. Stocksit in the housing yesterday and we will continue to see this momentum. The National Association of realtors say that investors have purchased fewer properties. Is this a sign the market is starting to heal . The actions, it was high, but if we look at the overall trend for all caps transactions, which are typically investors, we seen that come down markedly. I think it is important to look at some of the hard hit areas like orlando or miami or las vegas. We are still seeing a large number of foreclosures in the double digits, and investors are still heavily in those markets. Ika, you talked about the breakdown. Lets look at it closer regionally. October, the mideast, the northeast, and the south, the numbers were up. In the west the numbers declined. Why are the west numbers lagging . It is a great question. If you look at specifically distressed transactions, those have come down markedly. We are seeing 10 from this month compared to about 20 last year. So there is not a lot of investor activity in the west. However a lot of those dollars continue to be in the south. Buyers,irst time home they are still hesitant about jumping into the market. They only account for 29 of sales in october. That number has been below 30 are sent for 18 of the last 19 months. Is this about stagnant wage growth or is this something more structural . I think the biggest thing when we talk about firsttime homebuyers is access to credit. Clearly it is access to credit and it is the labor market. We have to point to the younger generation, the millenials, that age group between 25 and 34, their ability to get a job and have access to credit. Once we see these numbers increase, we will get a little bit more improvement in the housing market, but we are seeing strides. Anika khan im speaking with anika khan, senior economist at wells fargo i am speaking with , senior economist at wells fargo. Will we see Mortgage Rates continue to decline . Renters, aok at the lot of these young people, specifically millenials, are choosing to rent and business districts. Many are postponing major life decisions and they will eventually own a home, but not in the near term. Will take a more robust labor market for many of these young people to move into a singlefamily unit. Anika, we have about a minute left. I want to talk about home retailers if i could. Lowes is one of the retailers getting a lift, raising its profit and Sales Forecast yesterday, home depot saying the benefits of the housing recovery will continue or it will 2015 he that growth for retailers continuing . Absolutely. That specifically talking about remodeling activity. When we talk about remodeling activity, it has had a consistent increase for some time. A lot of the activity we would see with the news housing the of housing market, a lot people are deciding to stay in the home they are in and remodel. We will continue to see improvement. , senior economist at wells fargo, joining us from charlotte. Thank you. We will have more from morocco where the fifth annual osborne or summit is underway. Bottom line on Bloomberg Television continues in just a moment. Welcome back bottom line. This is on bloomberg welcome back. This is bottom line on Bloomberg Television and streaming on your phone, your tablet, and bloomberg. Com. Marrakesh, the Global Entrepreneur some the Global Entrepreneurship summit. Hans nichols is standing by. Hans,. Good evening good evening to you. Thank you for being with us. Thank you very much. Spoke. President biden what are your takeaways. What needs to happen next for job creation in the arab world . I think that Vice President biden, it was a very good speech , for a 42yearold celebrating his birthday. Very eloquent. I was watching a movie this morning, done by one of your competitors, about education. One of the things about this movie the challenge today is not just education. Education is important. But Critical Thinking is important. To solve the problem. This is a part of the world where that is not happening. You are either in the system if you are a successful entrepreneur there are some exceptions or your out of it. Give me an example. Besides beaches from politicians, what do you do . I have been here for 30 years now. Reform, reform, reform writ everybody talks about it reform, reform, reform. Everybody talks about it. When it comes to execution it does not happen. The people talking about it have a vested interest. Working. Hy it is not even if oil goes to 50, 60, 40 a barrel . That is my point. 30 years, looking at oil prices, it affects everybody. When the Oil Price Goes up, stability is bought because theres so much money. D becauseo of the cost, but then they get the support that but then they get the support. It is much more significant than what we see on the other side. The countries that are non oilproducing, suddenly it is cheaper for them. But they do not get the support from the big boys on the other side. Which again, reform. Fines, a bbig dollars iens of billions of dollars. You are chasing reforms, what reforms are you chasing in morocco . Come to the market issues. The legal issues. The risk. Conservation. Who wants to sit capital, they are not just there to make money. Where are you trying to make money . We look at housing, Affordable Housing to be a good thing for us. Social housing and Affordable Housing. That is a good thing to go into. Education is another one. And banking summit banking, ch is coop thanking banking. We see a lot of opportunity in those fields. For jobneeds to happen creation here and elsewhere in the world . You have the arab spring to me, it is sort of an arab awakening. We are not going to go back. 2011, all of the people it is not going to happen. The world is changed. Forward. Ot to go one of the causes of the problem is basically jobs. We need 100 million jobs in this part of the world. This morning, we needed to be a zero level before we Start Talking about growth. To do that, i do not see any initiative. You basically by some stability y, but we stabilityu need 10 years of infrastructure across the border. The question comes up, why dont we think about investing in that in creating jobs . Because the biggest creator of jobs creates this inability creates sustainability. We are actually investing it here for longterm because that bring stability for everybody. Thank you. I do not know what the bond. Arket is listening we thank you for your time. With that, mark, we will send it back to you. Jahani,nichols, mr. Thank you so much. Hyman tells us what she sees in the equity market. More bottom line in just a moment. Bottom line welcome back to bottom line. Welcome back to bottom line. Here are some of our top stories this hour. The founder oftakata airbags says a nationwide recall is not necessary. They should be limited to high humidity areas. Hondaook my car to the dealership three times after they received the information. Me about theformed recall, never performed the repairs on my vehicle, and never warned me about what would happen. They did nothing. Airbags can inflate with too much force, sending shrapnel into the passenger compartment. The Honda Odyssey is the only minivan to earn the highest safety rating in crash tests. The Insurance Institute for that andty says dodds caravan had low was breathing in the upfront crash test. In each of those tests, it caused the minivan structure to collapse. Chuck hagel has called the Islamic State group an incredibly powerful new threat. Speaking on charlie rose, he said that the feeding isil is a isil is a defeating longterm challenge. There will be setbacks. There will be progress. Overall we are seeing good progress. We are not where we need to be yet, but this is a longerterm, difficult challenge here. You can watch the full interview with defense secretary chuck hagel tonight on bloomberg tv at 7 00 p. M. And 10 00 p. M. New york time. Counting thewstorm buffalo, new york area has been blamed for a test. This comes as another storm system moves through new york state. Worry, plunging temperatures this weekend of flooding. The Buffalo Bills are donating 10 and game tickets to this weekends game for anyone willing to shovel around the stadium, but Governor Andrew Cuomo says that it will be impractical for the game to be played. Giving thanks will be a little costlier this year. Farm Bureau Federation says the price of putting thanksgiving dinner on the table for 10 people is expected to rise to 49. 41. They products, coffee, and all important Sweet Potato Casserole are to blame. Hour. 26 minutes past the that means Bloomberg Television is on the markets. Our senior markets correspondent julie hyman is standing by with details. We do have small gains today. Lets call this the highs of the session. It looks like they are trading around records. For the s p, we have retail, energy, and Technology Stocks leading the uptick. Lets look at williamssonoma. The company which owns its namesake and the pottery barn chain reported earnings of 8. 7 . And go pro shares are tumbling. They sold 10 million shares at 75 bucks a piece. On the markets we will have moreon the markets we will have more on the markets in 30 minutes. Welcome back to the second half hour of bottom line on bloom or television. Thanks for saying with us on Bloomberg Television. Thanks for staying with us. People get emails from family and friends, but they are in trouble, needing money transfer. Or somebody posting strange videos on your face boobook wal. In other words, to have been hacked. Now in android app promises to keep your account safe. Elliott gotkine spoke ceo at the Tel Aviv Stock Exchange. They discussed how hackers steal your information. There have been highprofile hackings lately. The celebrity picture scandal. A story in the new york times, accountllion credentials stolen by russian hackers. You got really know if your credentials have been stolen. Sometimes a hack will take place and hackers will look at information, and you might not know about it. A few months later someone gets a loan in your name or a credit card. Ofre is an additional layer protection necessary, and we think we are providing this protection. It is an android app. When would we see this coming to funds haveghone . What you raised . We started with android, but we are coming out with an iphone version in two or three months. R d,ompany has been in finetuning the system for a year and a half. We raised some money from angel investors, and recently we raised money from three very good Venture Capital firms. You are starting with the low hanging fruit, email accounts and the like, but you have ambitions to move into an area that is competitive, banking and financial services. Initially we offer protection for large, public Online Service providers, gmail, facebook, dropbox, so forth. We provide these protections for free, and we will continue to provide them for free as we go forward. In a few months we will announce more services we are protecting, the professional side, perhaps financial side, and those are on a fee basis. We will also be providing security support for companies, small and medium companies, and we will provide premium support for individuals and Companies Looking to benefit from our expertise. s ceo atas logdog the Tel Aviv Stock Exchange with elliott gotkine. Up next, a preview of this weeks studio 1. 0. That story when bottom line continues in just a moment. Time for todays latin america report. Investors in venezuelan bonds are welcoming sets president Nicolas Maduro to bolster transparency in government accounts, after concern that the government is running out of cash to service debt. Bonds posted the biggest rally in three weeks after Nicolas Maduro order that 3 billion from chinese loans be added to government reserves. The ceo of imac says imax says they are building dozens of theaters in brazil, china, russia, and the middle east. Imax open 40 theaters in china this year, and has a backlog of 250 theaters. They are finalizing agreements in scandinavian countries, where the Company Already has 70 theaters. That is your latin america report for this thursday. Box ceo and cofounder aaron levie has become a star of Silicon Valley, known for his colorful tweets and bright sneakers. He has taken the company from tiny startup to enterprise power house. Emily chang set down with mr. Levie on the latest edition of studio1. 0, which airs tonight. It used to be there was a cycle of disruption where Software Companies disrupted themselves. We are going through an evolution where we have to interact with so many new markets in so many different ways. At first that starts out as, we can solve this problem better than anybody else. Sometimes that is right. Sometimes it is not. When that is not correct, it ends up looking ludicrous and we look of noxious for it of noxious for it. The outside world is excited about working with Silicon Valley and this wave of disruption. Something we dont get a perspective for as often as i think we could, or maybe we should. Meaning because we are living in our own bubble . We live in our own bubble. The view is Silicon Valley versus the rest of the world it is actually Silicon Valley being integrated into the rest of the world. For the first time, youre not in this isolated universe of its own industry. There is no Tech Industry. It is an unbelievably interesting time, to be the same kind of retailer that five years ago you would have thought wa