1. 0. Jeb bush, poking you tell them to the 2016 president ial race. We will get into all three of those stories in just a moment. First of a we go to pakistan where over 100 people, many of them children, were killed by taliban militants. The attack is the deadliest in seven years. It took place at an army run school in the northwestern region. We have been on the ground in the aftermath and we are joined by phone. Thank you for your time. What is the latest on this shooting. Who did this and why . The attack on the school in northwest pakistan, the death toll has gone up to more than 140. Most of the debt our students. They told us that the attackers and chargene by one on them, point blank. What has been the governments response thus far . What are we hearing . Statements were made on militants who wage war against the state. The operation against terrorist would not only continue, but would be further intensified. Theaid that none of terrorists would be spared. On the other hand, politicians and people are saying enough is enough and are calling for ruthless action against militants who have killed more than 50,000 Palestinian People since 2001. What about the fear of reprisals at this point . Are we hearing anything from government or Police Officials about perhaps more planned attacks . Look, the police and Security Officials are saying that their investigation, they dont know who they are over they are , but that they did get some clues. Definitely they are saying that there are going to be actions taken against those involved in the attack. Thank you for joining us on the phone there from pakistan, where that deadly shooting has left several people dead. Thank you. Lets get you to the other top stories on this tuesday. Stocks are mixed right now ahead of the twoday Federal Reserve policymaking meeting. The Dow Jones Industrial average, you can see it is up 65 points. Climbing asindex is well, up over one quarter of 1 . The nasdaq composite index is points, 3600. R here is a look at crude oil on this thursday, intraday crude is down at more than half of 1 at 5577. We tracked down daniel juergen at ihs. This is a new world in which there is no price set anymore and oil is trying to find its bottom and it probably, at these kind of prices, is kind of overshooting everything, but it is the mood and there is nothing right now to stop it until there is either some geopolitical event that disrupts it or you start to see some kind of action to stabilize the price. Plummeted into a freefall, losing as much as 19 . Panic swept across the russian Financial Markets after they raise Interest Rates by the most in 16 years. That surprise Interest Rate research interestrate crash caused the nile of speculation that the government would turn to currency restrictions next to stop russians from converting their money and dollars. You would have thought that raising Interest Rates by 6. 5 might have been the kind of strong signal that would reassure the markets. Its got to be a scary moment when you do something that began dramatically and it does not state or in traction, that has to be a scary moment. New Home Construction fell slightly in november. The Commerce Department says that builders started at a seasonally adjusted rate. That was a decline of 1. 6 from october. The weakness came from a 5. 4 fall in construction of singlefamily homes. Cbs has a new prescription for investors, they plan to buy back as much as 10 billion in stock, raising their dividend by 26 , benefiting from the increased number of americans with health insurance. Speaking of health care, an recentto round away from consumer headaches, the Insurance Industry says they will give customers more time to pay their january premiums. The American Health insurance main injury trade group said that it includes a commitment to properly refund overpayments by consumers who switched plans and may have been doublebilled by mistake. That is a look at the top stories were following this tuesday. Jeb bush announced today that he is actively exploring a president ial campaign. This marks a first step into the moves andtalked about Phil Mattingly joins me from washington. First off, what, exactly, does this announcement mean . Great question, first off. We know that jeb bush has been actively exploring a president ial campaign for a number of months, but what he has done is publicly state what people have in trying to guess about his intentions. Or foures after three days after a solid indications of his intentions. Wants toose out, he release. That is key for couple of reasons. Transparency, some candidates might have problems with ongoing investigations. Maybe chris christie. Maybe scott walker. Jeb bush is willing to go out there and say look, i am as a to release conservative reformer. He can get out in front of a policy issues and i think the last thing we saw yesterday that he ended up at the university of South Carolina giving a commencement address. Why does that matter . That is the earliest date state in which people think you will have a major impact. What we saw today was an important announcement that it was the culmination of a lot of little things. Of excitement,ot particularly on wall street, about a bush candidacy. What are the drawbacks . A couple of things. Two of them that were met that will matter, where conservatives really decide who moves on. First and foremost, his immigration stance. Probably one of his greatest attributes in a general election is the fact that he is wrote comprehensive immigration reform. Fluent in spanish, he can reach out to a community that has felt alienated over the last couple of election cycles, but that puts him at odds. It is the support for education standards known as common core. Another area where people on the right have major concerns. The generalto election . Josh green had a good story laying out some of his private equity funds that he has been managing for the last apple of years. There are some issues there that if he moves into a general that it will show practical experience to go along with government experience. There are some issues there that people will need to Pay Attention to. Phil mattingly, joining us from washington. Thank you. Coming up, a study of u. S. Financial diaries. How does income uncertainty households in the United States . Stay tuned. Welcome back. Her recent study from the u. S. Financial diaries collected detailed Financial Aid from 200 low to moderate income households over the course of the year and it found that income uncertainty and Financial Stability caused by it were a major challenge. Rachel schneider is the Senior Vice President of insights and analytics at the center for Financial Service innovation and is a Principal Investigator on the research study. The chief joined me in the studio. Welcome to bottom line. Thank you for having me. Usede methodology that you , it is called a person centered approach that you used to reach your conclusions. What is that . How does it give you a more intimate and Detailed Analysis . What we did in some ways was insane, over 200 families that agree to work with us and field researchers that went to visit them every few weeks over the course of the year. Incredible volume of data. We call it entirely, but it is not, not really. You are literally sitting down, perhaps at a kitchen table, perhaps a cut at a coffee shop, getting intimate financial details. We asked people to tell us about every dollar that they earned, borrowed, spend, give away people were incredibly generous with their time and in sharing that information. Along the way we were able to ask them why they do it that way. One of the things that jumped out at me on the report, there was one sentence that said that the National Poverty rate had seen little sustained improvement since the 1960s. Been so much income volatility in the United States for over half a century . So many reasons. One, we have seen a shift in what sort of jobs people have. We were looking at the fact that people not only maybe dont have enough income, but their income goes up and down in ways that make it hard to plan. Income spikes. Exactly. A lot of that is just what we see a lot of our communities. More people working parttime, cobbling together multiple jobs to fill their financial life. Low wages and multiple jobs. How have they impacted the ability of many households to not only pay their bills but saved their money for emergencies, health care, whatever . One way to think about it is if you have a steady income, being told to slowly put away money every week over a long. Of time might add up to something big, which is how we tend to think of savings. Help people avoid spending today in order to eventually, a long time from now, have accumulated a lot of money. Some people do not have that luxury. Exactly. If you have a lot of income spikes and dips over time, maybe what you want to do is grab that spike and save the short burst. The report cited a statistic from the u. S. Federal reserve nearly 20 of employment in the u. S. Economy is parttime. How does that place low and moderate income households into a position i guess the only way to say it is the unwise decision of finances that might not be in their best interest but they do it out of desperation . It does put people into what i would describe as a precarious position. Also cometime jobs with uncertainty. If you are a waitress, you do not know how many tips you will earn. If you work retail you dont know if you will be given a 32 hour week or a 42 hour week. Differences make a big difference for someone like that. And moderate income households, are they really in control of their finances . Or are exited circumstances in control of their finances . It is a hard question. On the one hand, everything we are seeing is outside peoples control. They cannot necessarily change the kinds of jobs available. This is not the conventional wisdom that you hear from people who might be misinformed and say well, people of the certain income bracket, all they do is go spend every dollar as soon as it comes in. That is not what we saw in our research. We see people who are extraordinarily resilient, creative, and struggling through pretty hard times because of the report through the resourcefulness of the situation. Other thoughts on solutions . I think there are tons of possibilities for solutions. If you think about it, someone who doesnt have enough money rather than someone who has enough over a. Of time . Goodwe could solve with credit products, good savings products, good insurance products. It is a slightly different problem. Still hard, still difficult to come up with solutions for it, but we should be able to help people do better. I will be doing a segment coming up on female entrepreneurs. As we know, during the recession a lot of men lost their jobs, women became heads of households , but they are still not making as much on the dollar. What you see is a lot of households with dual income and the expense base is tied to meeting both incomes. As more women entered the workforce the overall risk of , becausefairs grows they no longer have this excess capacity, if you think about it, a wife not working who could go into the workforce. If either party had absorbed downs in their financial life, the whole family would feel it. , at thel Schneider Center for Financial Service information, Principal Investigator on the Financial Diaries Research study. Thank you. Thank you so much. Up next, we havent on the markets update. Later, emily chang speak live with the tmobile ceo, john leger, about on carrier 8. 0. Welcome back. This is bottom line. Is out withurants earnings after the close of trading today. The owner of the olive garden is under the control of star board value, cutting costs and making management changes. Julie hyman is here with the details. It looks like they are improving to some degree, due in part to changes that they made and the trend that followed garden was on anyway. In the month of september they said that their comparable sales were 6 10 of 1 , representing a rebound with sales at their other chains, like steakhouse and capital grille, pushing strength that their specialty work, including some of those other brands. So, that has been consistent. They have indeed been cutting costs. The company has been selling its corporate airplanes and it cut about 15 jobs, saying they would save about 20 million per year. The cfo will be departing in march or sooner. The ceo, clarence otis, has already left the company, was supposed to leave at the end of the year but he left earlier because of, again, the influence of starboard. At earnings per share of . 28 after the close. Again, comparable sales pretty much in line for what we saw in september, maybe half of 1 . Talk to the about olive garden. A lot of people like it. A lot of people dont. Its true. Some of the people who dont are the people led by jeffrey smith. That group came out with an extensive report couple of months ago, almost 300 pages. It was very detailed about the changes that they thought that olive garden should make. Everything from the salt in the postel water to offer a more breadsticks, trying to do some up selling on the liquor, the beer and the wind sold at all of garden. It is not clear how many of those changes they have implemented yet, but you can be sure that if they remain in the driver seat they will probably do some of those and the biggest change, potentially, will be a new ceo for the firm. Flex back in november when we heard that they were making moves that would save between 10 million in 20 million or year, is that still the target . It does look like it. One analyst yesterday said that there is still more cost savings to be wrung out and it will depend on the new ceo. He thinks it will be brad blum, who was appointed to the board. He ran the company before. He ran olive garden from 1994 to 2002. He has also run burger king and macaroni grill. Right, julie hyman, with the latest on olive garden. Thank you. 26 minutes past the hour, bloomberg tv is on the markets. My colleague standing by with the details. Good afternoon q. Lets get you caught up with where stocks are trading. Afternoon to you. Lets get you caught up with where stocks are trading. No exceptions for the s p, up 3 10 of 1 , trimming the gains earlier in the session. 3m, shares of the postit maker, thats right, enjoying their birthday after they raised their Quarterly Dividend to just over one dollar per share. Check out shares of priceline. Com, trading at the lowest level in two months. This was after Goldman Sachs removed them from their vilest based on expectations or a multiyear decline in the value of the euro. You can see right there that the stock is on the way down to its session low, seeing a boost despite problems in the ruble. We are on the markets again and 30. The secondback to half hour of bottom line on bloomberg television. Im due in new york. Thanks for staying with us. Im Mark Crumpton in new york. Thanks for staying with us. Tmobile is lowering subscribers from verizon and at t. It has a new plan called data to thatmers datas customers to keep for up to year. Joining me, tmobile president and ceo john ledger legeref john himself. Why data now . Do people really need and want this much data . I like this is what the best. Its not a carrier move. They are not marketing programs. They are fundamental industry changes that are permanent. This was one of the most infuriating, gigantic issues that customers have pointed out to me. About 40,000 social media messages. What it is about is if you think about it, of the 231 million postpaid customers that exist, about 110 million of them have feature phones were unlimited, which means the rest have to purchase data. 90 have no idea how much they need. They are painfully reminded about the penalties if they use too much. In5 billion last year overage penalties. We do none of that. And the rest of the people, they purchase an average of four gigabytes to five gigabytes of data and at the end of the month, three gigabytes are unused. That is about 12 a gigabyte. That is 15 billion a year. If you went to the gas station and filled up your car and at the end of the month, they take back the gas you didnt use. That is why this is a big issue. Its very important to consumers, a big pink point, and to make it even more fun because its a holidays, we will give everyone of our qualifying customers and new customers 10 gigabytes to start the free gift. It is a big deal. Need aow you personally lot of data because you are on twitter all the time, but i wonder if youve reached the end of the line in cutting prices. The moves up to this point had involved price cuts. Actually, they havent. If you look at the moves ranging from anterior one, it is no contract. It is just freedom. And a totallyade different experience. International overages we eliminated for data roaming. Its a pile of money that the big carriers were charging that were penalties. Those are not price moves. Streaming, 70 billion free songs streamed a day. That is not about price, nor is wifi calling unleashed. It is really about changing the way the industry is. In this case, this 1. 5 billion in overages, we already didnt do that. And if you buy five gigabytes of data, you should be able to use it. Is not up to pic all of the price wars that are going on, i feel pretty good. Guysemember, those big make so much money its disgusting. They are warning you that instead of making unbelievable amounts of money, they will make a little less than something egregious as well. Those big guys, lets talk about at t and verizon. Something youve been talking a lot about his net neutrality. How do you differ on the neutrality money comes to at t and verizon. Call limbo and larry as opposed to at t and verizon. [laughter] on net neutrality, tmobile, as you would expect, we are fully supportive of an open and free internet. I would assume we all agree o