And they know gas prices can go down and up and they want to make sure the vehicles they are buying get the very best fuel economy. Welcome to bloomberg surveillance countdown. High, what could be more seasonal . What could be more seasonal . We find the best ones. Anna has had two. Probably too early. Expected in the oil price just yet . Thinky or all analysts oil prices will fall more next week, we have had 10 weeks in decline since october. In one of the weeks we see a hint of green but every other downs red. The uti crude almost 10 , brent contract falling 8 . We are expecting declines even further below. Go low could oil blue oil go . Many are looking so pessimistic on this overall. People who have the lowest to lose say it could go as low as 40. Say it will stick to at least 65, their aura bouts. There or abouts. The head of iran says it could go as low as 40. I might remind you that below 60 is already behind us this year. We know the reason why, opec decided not to rain back production earlier this year. Isnwhile the United States producing more and more we have record amounts produced by the United States. With the shale, oil and gas they have managed to discover. We are now panicking that on top of the production not being reined in, we could see opec which is 40 of the worlds production, might create a price war amongst itself because they are so worried about losing their own market share that they are rid loosing prices and increasing discount to asia. Three players doing that. Kuwaitrabia, iraq and trying to keep up their own market share. Oil companies are being affected by this. Bp has further worries. This cant get bad enough for the producers. In 2010 in theen United States and one of the largest ever offshore oil spells , they determined that they were 60 responsible for causing the oil spill this was as ruled by the u. S. District judge in september. They are appealing this decision for the first time that they were grossly negligent when it came to this oil spill. Deemed grosslyre negligent there exposed 18 billion in fines because it triggers the max potential payout related to pollution. Carl bobby a is going to be thinking in january and the jury trial that he will try to estimate how much responsibility bp has in terms of polluting finds per barrel spills . 4000 per barrel. Is the max. The u. S. Claims 4. 2 Million Barrels were spilled and ep thinks it was about half of that actually, this is a company that already spent 28 billion in , thense to this oil spill setaside 43 billion overall but obviously they are desperately trying to dampen the amount this could back up to. The accusations being flung at bp are phenomenal. They said they are reckless, willful, wonton conduct. Halliburton the cement Services Company was 3 responsible. Bp feels it was not grossly negligent in the evidence they gave they dont think they were grossly negligent and dont feel and amounted to a willful theynduct, but remember had had multiple appeals already. They feel that the settlement arbitrator is handing out too much money. I dont think it bodes well for bp overall theyre not having much luck. December 8 the Supreme Court refused without explanation to consider eps claims that they were paying victims who were not harmed i the spill. It looks like these costs could keep racking up. This is the first attempt on these grounds to stop the overall amount. 9 00, you wont what to miss our exclusive interview with Franklin Templeton mark mobius. Stay tuned for the pulse. A 1. 1 trilliont dollar spending bill to fund the government through september with the help of jamie dimon last night. The white house supports it and some democrats are howling mad. Hans, why his jamie diamond in supporting this bill . As a specialsion itvision for the banks, that would take away a key point of the doddfrank phil and that it ford provide a carveout banks to continue to trade their riskiest assets with the backstop of the Federal Reserve and the fdic. Democrats cried bloody murder over the provision and said it was unrelated to the overall spending bill. Trillion that funds the government through september of next year and there were reports that jamie diamond was calling democrats asking for their votes and there is clear indication that president obama was calling up democrats. The vote itself was pretty bipartisan, the final vote was 219 four and 217 against. If you want to donate to either Political Party, you now have 10 times the opportunity up to 324,000, not ghost of the senate to see whether or not they can pass this and there may be objections. Not all about spending it seems. Is it going to be smooth sailing in the senate . The way the calendar works the deadline is monday they passed a two day extension. You could have senator ted cruz a republican from texas or a Elizabeth Warren a democrat from massachusetts and she is particularly incensed, here is what she tweeted. Citigroup is Holding Government funding hostage to ramp through its own government a lot provision join me in opposing the citigroup shutdown. This is an indication she may do a procedural objection, it may have some more pickups. We should be watching this closely today. Thank you very much. Citigroup shutdown, fascinating. The road ahead for the chief executive from americas secondbiggest carmaker speaking exclusively to bloomberg about the roadmap for 2015 against a background of a slowing global economy, ford is expecting much from its new f150 truck which is americas best selling vehicle. Fords chief executive says in an era of low prices consumers have an eye on it economy. When you look across all the segments, people want great fuel economy. Theirant to make sure dollars are stretching further. Gas prices are coming down so is putting more money in their pockets but consumers are a lot smarter and they know gas prices can go down and up and they want to make sure that they are getting the best fuel economy and thats why we are the approach with the f1 50 in all of our vehicle lines so they know that ford fuel economy is a reason to buy. Forgoes and the new year with an updated version of its mustang which they hopes will sell well outside of north america. Russia could be challenging in the year ahead. Even on the most difficult times and russia is a difficult time, when you step back and look at the diminished expectations of the marketplace is around 2. 2 Million Units which makes it one of the biggest markets in europe. There is never a bad time to introduce great product into a marketplace so the plant we are just opening is introducing our echo sport which is a small suv perfectly suited for the russian marketplace and we want to serve our russian customers so as we look at the business want to make sure we are dealing with the is this environment and continue to work our plan and play through it because we think it is an important market going forward. You can join the conversation on twitter as the declining price of oil changed the amount you view to your car may be more in america because there is a bigger tax burden here anna annaedwardsnews. Coming up of the program today, mario draghi says the European Central bank will have to do more to reach its Balance Sheet by the end of 2016, can he make it . Time for company news. Avenue home, the canary airbase to become the european house for the lockheed fighter brand. The United States has selected italy to be the Service Center for the 35s that are operating out of europe. It is a very significant decision because we are talking about a. A period talking about of 30 years, i highlevel sophisticated maintenance out of italy. It will mean substantial economic benefits and Logical Development for italy. Is fun to london to seal a deal for beat p according to the Daily Telegraph four according to the Daily Telegraph. Commerce banks u. S. Settlement set to top 1 billion. Is in talks toer resolve allegations that the german bank wrote antimoneylaundering and sanctions laws. Transferring its engineering operations out of russia after the government stock it with new rules requiring more data to be stored in the country. Engineering jobs will be moved and the workers will be offered jobs in other countries google still plans to increase its Business Investment and russia where it has 31 of the market. Anp indexes headed for 1997. Rst week since the rough spread to greek bonds on thursday. Now is the senior economist at baron berg. Spectacularlyh a brilliant fashion the process of the vote, that is where we will start. Many viewers wont know what happened or what needs to happen, will you explain for us the process of this vote for the next greek president . It is five rounds altogether but we will probably just see three. The first two the government needs an absolute majority a two thirds majority and the third one which is the crucial one they need the majority in parliament of 60 or 180 are limitary ands out of 300 and the government only has 155 they need to convince 25 because if you are limitary ands are in jail some of the right wing ones so that may reduce the task a little bit but it will still be very difficult. A pretense who they depends who they present as a candidate. There is a member of the establishment may be the first couple of rounds but for the q crucial round they may have to find a compromise candidate. This is the process that starts next week wednesday and by the end of the year we may have that third round. It sounds like if enough independent mps are concerned about their own prospects if an election is called they might decide to vote for the governments choice of president to avoid an election. Is that a possibility . We might not actually see an election which is what markets really fear. The is the case government may still win the election and the fact that they are calling them shows there is some hope our confidence that they can convince enough opposition. One of the reasons being that according to the polls many of the small parties between the conservatives running the government and the major opposition parties will be squeezed they will all lose their jobs. If they find any excuse, a good compromise candidate or a deal the i am isat means leaving, they may vote the government and that will postpone the elections and thats job security for these are limitary ands. Is the prospect really that bad . It begs the question. Is the bark worse than the bite. They have softened their stance in some respects theyre clearly saying they want to stay in the europe. inconsistent with that you cannot be in the euro, default on your debt potential he and raise spending because the money has to come from somewhere and markets are clearly not going to give in to them. European partners are not going in if they just defaulted on their public debt, it has to come from somewhere and within the eurozone that would be very difficult they probably have to amend their policies even further. But investors are fearful that the work might still happen. If some are a remains Prime Minister if samara remains Prime Minister, remind me of other peacetime governments and how long it will take the reforms to bear fruit . It took a long time to implement the reforms but what happened and it is probably the biggest adjustment since the Second World War weve seen of 16 fiscal adjustment gdp over the last five years which is tremendous. Reformseen labor market and a cut in the minimum wage by 25 . That would hurt Political Sentiment anywhere. We are seeing the firings of Public Sector workers and weve seen taxi drivers and lorry drivers losing their licenses. Theyre beginning to pay off and greece is now growing. It is beginning to pay off but it is still a very long time. Its come at a price. The economy is smaller than it was in 2008 and it will take a long time until they find jobs. Thank you very much. Will get his perspective on the ecbs attempts to increase the Balance Sheet. Christian is here the senior economist at rick berg, the results of the longterm loans were made public yesterday, the magical figure was 130 billion, if you put that together with the first round of loans, 212 billion. . What we think not quite enough for the ecb to agree to intentionally boosting the Balance Sheet by one trillion because the net effect is likely to be negative because we still have 270 billion of repayments from the last round. Operations areg probably not going to contribute air he much to the ecbs one trillion target or intention of loosing the Balance Sheet, has to come from elsewhere and so far we have a bs purchases and covered bond purchases but if you just literally extend the trends on which these purchase programs are the covered bond program would enter 350 billion and a bs which is just started about 30 or 40 billion, there is a huge gap. The point is to extend lending to household companies, is that showing any sign of success . That is a quite exciting thing to look at, so far we have lending data from the ecb until october. That is also when they announced the results of the comprehensive assessment which is probably spread some uncertainty, from november onward that effect is gone and we also have the effect of the first round of trt we also have more funding from the effect of the purchase programs so lending should turn around but so far no sign of it. Abe get to come, will more of a mandate . We are live in tokyo. Welcome back, you are watching countdown. Lets look at what is happening to the norwegian currency. Falling for a third a, note to prize this is all to do with oil prices and the reaction that we saw from the norwegian centralbank. The central bank cutting rates yesterday. This is western europes Biggest Oil Producer and yesterday we had the biggest rate cut in two years. Flagged the central bank flagged a 50 chance that policymakers will cut again next year. What does this mean for the . Roader norwegian economy they said drop in oil price means it is a drop in investment in norway. Thats what they are reacting in bringing down the growth profile. This has been hitting the norwegian krone against the dollar as you would expect. Ats currently trading 7. 3232. Oil has fallen by 34 to less than six dollars 60 as we well know. Against the euro, the krone has been the worst performer. Down by 8. 2 so far your today. Year to date. Oil prices continue to slide and prices dropped below 60 a barrel in new york, the First Time Since july 2000 and nine. July 2009. Saudi arabia questions the need to quote cut output. In washington, the u. S. Government has narrowly avoided a shutdown of the house, narrowly parked passed a 1. 1 trillion spending phil. They describe it as a giveaway to large institutions. Some republicans were against of thel because confrontation on president obamas immigration policies until next year. The president has two days to pass the legislation and jack mock has become the richest person in asia. Helped by a 54 surge in alibaba shares and he is now worth 28. 6 billion. The he replaces as asias richest person is the asian property tycoon who said he was pleased to see him people from china will. There is a place in london offering the most expensive wine, if the restaurant and champagne bar of 60 pounds per glass so we headed down to take a look. It is the case this christmas the taste this christmas. Their mold wine is amazing. On the general manager of the restaurant and champagne bar. People come up and it is a surprise when they see the price tag but when they try it they say this is worth 60 pounds. 60 pounds . Probably a little bit out of reach. Wine you willmold find a rich border and perfect champagne. Can i have another sip . Fruity. It doesnt burn the back of your throat at all. What to keep people in the bar longer so they enjoy themselves. Up too muchthe heat , the alcohol will eventually go see have to be very precise and so 60 pounds is the perfect price for this drink. This will be available to the 31st of this year, please dont kid spill anything because that drop will cost you five pounds. It is that time of year again when we are 44s above the city of london. Im here with daniel, the executive chef. How are you doing . I do one per year. You pick a good one. This is an interesting one, it is a minione. Traditionalists would disqualify it but i think it is quite nice. Its really crisp. That is a good pie. That is an eight. Hows that . I think that looks like a real mince pie. Thats what it looks like to me in my head. It is a little bit dry in the middle and hollow as well. Theres a subtle flavor in the pastry. I quite like this on top as well. Its very unique. It is unique. Mince pie i am not a person it is probably more up my street. That is a good one. A little bit on this. This is a nine. Thats my cup of tea. You say youre not a big fan of these pies. This is the winner. If i would buy want to take home it would be this one. Thank you so much. Thank you for asking me. Welcome to Cereal Killer cafe the first evers National Cereal cafe. Cafe. Cial cereal we have always been fans of serial cereal. Can i get frosted cheerios . Small, medium or large . Cereals, from america, australia and south africa. About apple jacks . Coco puffballs inside of it. Giddy more sugar . Do you need more sugar . Milk,different types of almond, soy, skim and vanilla and chocolate. I think its because we grew up eating cereal because it such fond memories of it. The fun that you had with it as well, it doesnt seem to be there anymore so thats what we wanted to create here. Next lower house will have 475 lawmakers and Prime Minister shinzo abe once a majority to push new legislation through but what he really needs is a two thirds majority, at least 317 seats to ensure he has enough support for his policies. So how does the election work. Voters will begin in two ballots, one to choose an individual candidate which will account for 295 seat in parliament. The other is for party, each one is awarded in proportion to the p