Welcome to countdown. London on thisin wednesday morning. Also coming up today, cell phones made from diamonds are closer than you think. We meet the company developing it. Ity entertainment announced will release its new film the interview tomorrow in a number of theaters across america. Sony entertainment chief executive said we are excited our movie will be in a number of theaters on Christmas Day. We are continuing our efforts to secure more platforms and more movie reachesis the largest possible audience. The two best friends stared each other in the eye. They knew this might be the end of the long row. Smaller chains are willing to screen the film, despite threats of filings from cyberattacks. The show very much goes on. 300, we understand, will be airing it as of Christmas Day. Whenhad to diverge course these threats of attacks started to leak out by the cyber bigckers and suddenly the four pulled out. We understand that a coalition of independent theaters signed a petition and sony started calling them up madly because they had to get the film over to them by yesterday to have them be able to screen by the 25th. The alamo draft house will be airing it in austin texas. Other theaters will start airing it as of the 31st of december. 300 will be going for it Christmas Day. Could be added to the list as time goes on, according to facebook. Jubilant among them will be seth rogen, he wrote the thatand he tweeted out freedom has prevailed. Sony didnt give up. At theatershown willing to play it on Christmas Day. Nothing like a bit of political pressure, is there . There was a feeling that the u. S. Had backed down to terrorists, to cyber attackers, and obama said i dont want some dictator in some place imposing censorship here in the United States. That was december 19. Quick sony is a private company thats worried about liabilities and this and that and the other. I wish they had spoken to me first. , do nothave told them get into a pattern in which you are intimidated by these kinds of criminal attacks. Quite amazing that a comedy film has become basically a geopolitical incident. Not only was obama attacking the situation, we had the u. S. Ambassador to the United Nations criticizing north korea in the u. N. For him as well. Basically i think the white house gave sony the green light, they said you have our backing, we actually wish you hadnt backed down. Now we have the white house coming out with a statement yesterday saying it is the right. F artistic expression how long before we can watch it here in europe . Here is the big question. We have put in calls to sony and we dont know if there were any answers to it unveiling internationally to go ahead. They do want to be screening in 60 countries in 2015. It was never meant to go to australia but it was meant to start off in australia and new zealand. I think what sony is making a statement here of is clearly this is not about the money. Why go to just the small amount of independent theaters, they could perhaps try to make money out of releasing it by videoondemand later and creator for your are. I think this is making a they feel you cannot back down to dictators in other countries. Youve got to have freedom of expression. Still the four biggest theater chains in the United States which operate more than half across the u. S. Have not turned around. We have not started hearing from a of regal saying we will show it. They probably have 10 or 12 screens, and you put up all the other films that might be being aired, from their point of view i think financially they cannot see any reward, but sony does feel there is some reward. The question we have not asked is, is the film any good . Roughly 50 has a draw for it and usa today said it fails to live up to the hype, floundering as a rowdy comedy as it grows dollar by the minute. So the critics are not exactly singing its praises, are they . So all the controversy surrounding it will probably ensure that more will watch it that would have watched it every i have the appetite to go. Ive been talking about it for two weeks. The score shows it sort of an average film. The russianmeasures central bank has taken to stabilize the ruble and raise the countrys key Interest Rates and spending 1 5 of its international reserves, Standard Poors has delivered a fresh blow to the currency crisis. Russianing in our expert ryan chilcote. What does this mean . You are going to see that movie, arent you . I would not go to the cinema, i would watch it on tbt. Think, is the threat of downgrading russia to john going to affect the ruble, or is it all in the price . It has not affected the ruble get. We saw a little bit of a spike in bond yields, but basically people have been trading russian bonds as if they were job for weeks. This is more a confirmation of what we already knew. More p saying there is than a 50 chance that they will cut russia to john in the next three months. The timing obviously a strange, given the fact that we have had over the last few days a bit of a rebound in the ruble, it has gained about a third of its value back since a week ago yesterday. But you know how the credit agencies are. The holidays begin tomorrow. It has been proven with france and the u. S. In the past. People have been paying attention to the russia story pretty carefully. Next year that company is heading toward recession. Politically speaking, how can inc. Change . Tenure for just january 15 an opposition figure in russia, he is not popular by any stretch of imagination but he has a niche of support in moscow. His supporters have called for a demonstration in support of him. Facebook got in a bit of hot water by deleting a post announcing it and then not doing that, but we are seen by many in russia as colluding with the russian government. Its a measure of two things. One is a measure of how disappointed and upset people are in the liberal wing of Russian Society with what is going on economically speaking. There were big demonstrations a couple of years back. A measure ofe exactly how the kremlin intends to react to these kind of things. Going to get convicted, will he get a prison term, and how will they deal with any demonstrators that do show up on january 15 . Have had a lot of economic deterioration already in 2014. 2015, how is the russian population going to respond . What are the prospects for peace in ukraine . They are mixed, which is not saying much. On the one hand we had peace talks in minsk, the capital of belarus. Omorrow is not a holiday thats important. Basically you have the two sides in eastern ukraine, separated by about five or 10 tom underscore and occasionally they shell one ther five or 10 , tours kilometers. The other issue is still. For independence in ukraine. Yesterday the parliament voted to get rid of the countries nonalliance. And have enshrined in law switzerland like status that would disallow them from being part of nato. The president still said they would have a referendum but the russians immediately said that is extremely counterproductive and a hostile act toward russia. A different story in the United States, the dow jones closed on a high note yesterday, the first time its ever closed above 18,000. Lets take you over to hong kong. Sherry, lets start with the dows record finish. Faster than expected gdp growth boosted confidence in the economy, sending stocks higher. The dow added 64 points to set a new record while the s p 500 rose, also reaching an alltime high. Both rising for five Straight Days. Some of that is positive news mosting over to asia with markets gaining. The regional index heading for its fourth advance in five days. The cost be was at its highest despite dataweeks, out today showing Consumer Confidence fell to a 15 month low. The index closing up. 4 . Traded in a shortened Christmas Eve session. Closex 200 recovered to. 25 . Chinese stocks are enjoying gains. The shanghai composite extending yesterdays losses, falling now 3. 1 . The index has been in overbought terrain for the entire month, perhaps the reason why investors gains. King at some japan coming back from the holidays and playing catchup today. The 120trading above level. It did strengthen a bed after five consecutive days of losses. The nikkei finished higher by one point 1. 2 . It rose for five Straight Days now. Consumer sources and goods leading the gains. Just japan, the parliament confirming the Prime Minister, that gives him the opportunity to become the longestserving premier in four decades. What is in store for him as he starts a fresh fouryear term . A long to do list for the Prime Minister and a tough road ahead to get them done. Abbott did win a landslide victory in the lower house election earlier this month, but only because there wasnt much of an Opposition Force to begin with. The Democratic Party unable to put up a good fight. Resistance both from within his own party and from the public on controversial policies such as restarting a nuclear reactor, his push to and the tpp freetrade deal legislation to strengthen japans defense. Also in august he had a tricky task in the diplomatic front as he is expected to release a statement on japans ruling world war ii which will set the tone. So a lot to do from now on. Thanks a lot, we will speak to you little bit later. Continues and you can follow us on twitter. One of the big trending subjects , we know theourse dow was above 80,000 yesterday. Reachk 172 days to 80,000. How are the other stock markets of the world faring since july 3 . Right now you can always find me at mark barton tv. Christmas coming early for americans, they got an upward revision of gdp. The u. S. Comes back and it doesnt stop there. Well talk about the worlds biggest economy and what is to come in 2015. Stay with us. U. S. Gdp jumped the most in a decade. My guest says growth in the worlds biggest economy could even exceed expectations. Investment fidelity management. Thanks for joining us today. Were you even surprised by that blockbuster u. S. Gdp number for the First Quarter . That is a quite incredible number. Way the boost of consumption thats going to come from the sharp decline in oil prices is already coming true. Year, we expect the ,. S. To be a bright force again growing somewhere above 3 with housing accelerating, with the consumer growing at a faster pace. What does that mean for interestrate policy . How soon is the Federal Reserve going to press the buttons to reserve to raise Interest Rates . Inflation is actually moving in the other direction. They want to make sure they get to the target. I think there will be quite uncomfortable with inflation falling and getting away from the target. Lookingwere probably at normalization starting toward the late part of the second half. Some have come on the show and said they might even raise rates extra. Many membersat , talking about the economy overheating a little bit. Statement thate actually the risks of raising rates too early are quite high. Do they outweigh the risk of keeping rates at record lows for longer . I think thats one of the , igest reasons for next year think we could potentially see thanexploration earlier expected because of the huge boost of consumption thats going to come through. Thoughts onear her the European Central bank and other global economies. Stay with us. Thank you for joining us today. We are counting down to january 22 when the ecb meets. What are going to get from the ecb on that day . Is that when mario draghi andlly appeases markets gives them what they been asking for on the qe front . We been waiting for this for so long, think there is a whether its january or march, it remains to be seen, but i think there is an urgency, again with inflation turning. Nto dangerous territory going negative in the next month or two . It is possible. I do expect the economy to accelerate. This will not just come before they second half of the year. I think it will be quite uncomfortable but will be moving into the negative territory. Will inflation pick up as the year involves . Because of the downturn in Commodity Prices and Structural Reforms going through. It could affect expectations. Its quite difficult to get out of that territory. Expect mario draghi to win over the naysayers, the germans, the austrians, the dutch . Cost of fighting inflation are very high. I think ultimately it is about thats how theyre going to do it. Russia has got to be up there. Stemmingrt of crisis from one of the emerging markets could be risky. In this sense the crisis has come earlier. Is there potential for to properly spillover . Emerging market worry like we did in january of last year eric resch is not so linked to the rest of the world. Germany has already had the consequences of those sanctions earlier this year. There are certainly trade channels remaining and the contagion could propagate through financial channels. I dont think its going to spillover considerably. Thanks for joining us from fidelity investments. Stay with us. Make the best entertainment part of your holidays. Catch all the hottest handpicked titles on the winter watchlist, only with xfinity from comcast. Welcome back. Time to look at the Foreign Exchange market. What a year its been for the dollar. 11. 4 , thellar down dollar just. 1 from a twoyear high against the euro. Blockbusterdays gdp number, the fastest growth in 10 years. According to economist we surveyed here at bloomberg, the employment rate should remain low, giving that Federal Reserve more reason to raise interest 2015. In the euro has only been heading in one direction, down 11 year to date. These are the Bloomberg Top headlines today. In a twist worthy of a hollywood blockbuster, the film at the center of the sony hacking saga will now have a limited release on Christmas Day. Sony will screen the interview at about 300 tutors in the United States. The films storyline centers on a fictional plot to kill the north Korean Leader kim jong on. Seth rogan celebrated with a tweet saying freedom has prevailed. The russian Prime Minister says the country is facing the risk of the d recession. He also says russia needs as in 2008. Agement tendered in court said it may cut russias Credit Rating to junk. Former u. S. President george h. W. Bush has been admitted to the hospital in houston, texas. Experienced 90, shortness of breath. He was admitted as a caution, according to a statement from his office. He is the oldest living expresident. U. S. Medical devices making strides. Caroline is here once again. So smith and nephew is back in place. It could be a new year offer we understand here bloomberg, but remember its the maker of medical devices, it was back in may that had to admit they were in the early stages of analyzing and evaluating an acquisition. They have to back off her six month. From may to november they did not make a new approach to the u. K. Companies with an nephew. Now it looks like they could be getting near one. They have been analyzing with the people they work with to try to work out what sort of money they would want to offer. People familiar say they would pay a 30 premium. The company is only worth close to 10 billion pounds. It is only up by quarter so far this year. You could be looking optimistically toward the new year it would seem. Explain the rationale behind this deal. Back in may when they were analyzing the deal, all the in theit was a companies United States that had a load of cash and they do not want to bring home profits. They started buying up companies. Nd lower taxation areas its not going to be tax inversion, according to people familiar than not planning to buy with an nephew because of a lower tax rate. The reason that always said the deal makes sense anyway is because of trimming costs for hospitals. We want medical devices to be cheaper. We cannot spend so much anymore. Usterity has been here i think in that respect it would help cut costs. Overallent got the reason of tax efficiency but when you look at the deals from earlier in the year to try to bring down the cost back in june, it doesnt mean that. Porsche is recalling 205 of spiders,ed edition 918 the most expensive car in history. Hans nichols joins us from berlin. Good morning. What is behind this move . But there is a defective jesse portion, they now said yesterday. They will have to recall it. It has to do with the front axle. This is the vehicle that cost 845,000. They only made 918 of them. Now in september they also had a problem, but that was with the rear axle. At that point there were only 46 vehicles. They contacted everyone directly. This is a plugin hybrid. You can get 67 miles per gallon. Rius, 60that to the p miles per gallon. My question is on miles per gallon, why do you even care if youre spending close to a Million Dollars on a car . Are you really worried about the price at the pump . Prius price the range. Could i am a walking man, as you know. Taking a step back, how was 2014 for porsche . Its been a banner year so far. Daves sold 169,000 vehicles. To 200,000 byet 2015. Look at russia, sales there are up 19 on the year. They are selling a lot of cars and it is a Profit Center for volkswagen markets. Are you lacking inspiration for those lastminute christmas presents . Our next guest may be able to help. Joining us is the chief executive of lifestyle concierge company. Lets say its Christmas Eve, which it is. Its maybe 12 hours later down the line. I burned my christmas turkey. I call you up if im a member, what can you do for me . This happen last year and the year before and the year before. We get about a thousand requests on Christmas Day and three or 4000 requests come in today, people on having a turkey really does destroy christmas. How do you fulfill that . Equest last year ca