Tricks to get new business overseas. Stephanie ruhle has highlights from her exclusive interview with hedge fund heavyweight title kyle bass. D. C. As goldman is in healthcare. Gov sees a surge in users. Signed a deal with china mobile to offer iphones on its vast network. We are joined with more perspective on what this possible deal that has not been announced yet would mean. Tom, reports are rampant that they are just about to sign this deal. On the apple side, how big a boost is apple going to see if they did sign a deal with china mobile. Yes, good morning, betty. A way i look at china mobile for apple, this is been a long, speculated catalyst, and the question was when, not if. Withu look at china mobile 7 million subscribers, this could be a very big deal for apple, especially if it means they could be selling the devices as early as this month. Figures thatcting could meaningfully be improved. This is a Long Time Coming for china mobile. They have been losing out because they had not carry the iphone. The story there was it was with the China Network the china mobile network, which is no longer the case. Also, the idea that they will be rolling out 4g, which is important for the iphone, having the iphone on a faster network. There were technical hurdles as well in addition to the companies forging agreement. This could be a boost for both china mobile and apple. It has been well reported apple,m cook, the ceo of has spent a lot of time in china, visiting the country twice in the last 12 months. How much has that helped . I would say that if this deal is imminent, that would have helped them sealed the deal, so to speak. His going there was important. Lets it certainly seems that way it certainly seems that way. Tom forte, thank you. It is here for you car fans. Mustang. Ord the 50th anniversary will be sold outside of north america for the First Time Since 1964. Matt miller has the details. That would have been before you were born. And ihad a 64. 5 mustang, have never forgiven my parents for selling it. Fordis embracing this one strategy that alan mulally has been pushing. He came on after the current generation of mustang had been produced. You are looking at pictures of the 2015 mustang. It should go on sale at the end of next year, late2014. The key difference is it will go on sale around the world. It will be on sale in china. It will be on sale in europe. A lot of those countries, for the first time ever. There are a lot of things and make this a revolutionary car as far as the mustang is concerned. I was talking about this earlier, and it is the in the weeds for a lot of people, but fans, it hasang been the last sports car in the told to use a rear axle connect both wheels in the back. It is not heard of now. This car finally changes over. It will anger the purest. Liter ego boost fourcylinder engine, with twice the fuel efficiency. It will have more power than the v6. It looks more like a pony car than the big muscle cars that come out of gm and chrysler. I will go see this car in a few minutes, and i have been reading about improvements to the interior. Equality on the interior has been a real focus. Quality on the interior has been a real focus. You can tell you love this car. Everyone in america has loved, at one point or another, 1960s mustang. They were the first car you saved up for, or if your parents had a lot of go, or really dough, or really loved you. It is great to have the most important american car since the model t, out again, and hopefully looking much better than those. I am excited to hear your report. It is an exciting day. I agree. Matt miller. Keep it here. Another will be sitting down lolly on this new wood Alan Mullally on this new edition of the ford mustang. Moving and shaking, Hedge Fund Billionaire eddie lambert, whose efforts at sears are not invest impressing investors. They are pulling out their money. Worth 471 Million Dollars before distributions were made. It has lost 1 5 of its value. Eddie lambert took over sears in 2005. Sales have fallen for 20 seven straight quarters. Sears stock has dropped 70 from its peak in 2007, but they are up about 23 so far this year. It has not stopped those redemptions. Eddie lambert is not the only hedge fund anyway we are watching. Kyle basss fund has taken a stake in General Motors. Stephanie ruhle spoke with kyle bass. Why hewe get to gm and is going long on the carmaker, talk about herbalife and his battle against bill ackman. It is not necessarily a battle against bill ackerman. Kyle bass has done a lot of work. He associates the fact that there is such high youth unemployment, may be that is why there is multilevel marketing. He is long herbalife and feels good about it. We are catalystdriven investors, and in this case the catalyst is coming in the next 60 days were they will have a threeyear audit done. There were not allegations of an improper audit. Ou have a reaudit being done they will be able to access the capital markets, borrow one billion, 2 billion. Finances innot see the next month or two months, would that change your tune . It will. They have said on Conference Calls that it will be done by yearend. Not,nuary 2, if they do will happen to your investment . It depends how i am positioned going into january 2. We started talking about herbalife one bill ackman called a short and when carl icahn started buying shares. I spoke to an analyst who said we should get the numbers by the end of this year, but kyle bass, i want to see, january 2, if they do not give the financials, it will make people start to think what is going on inside the company. You are absolutely right. Lets switch over to General Motors. It really interesting. In three weeks, it will no longer be government motors, and that is one kyle bass thanks to my no pun intended, they will be able to about the engines. I think the u. S. Government has been selling gm for a long time, and they are almost out, and there were prohibitions put on Gm Management by the u. S. Treasury making it government motors, and it is about to be General Motors again. It is a fascinating time, a catalyst time to be investing. I think it will release management to be able to put in plans andntive comp do something that a shareholder friendly. That is shareholder friendly. Not that the government is out, it is one of the reasons General Motors is impressive, and i said do you feel the same way about financials, and he said no, that has already happened, and as far as european banks, he is actually short. Interesting. You got a lot out of him. And will have more throughout the day. Was turned to washington. Alexpeople signed up for Health Insurance to the exchange in the first two days of decembers than in all of october. John goldman has been following healthcare. Gov. Break down the number Julianna Goldman has been following healthcare. Gov. Break down the numbers. Is sayinginistration 29,000 people enrolled in health plans sunday and monday, the first two days of the socalled fix. If the 6000 people in total. Hrough 30 through tuesday november, 100,000 people enrolled, and those numbers look pretty good compared to what we saw in october, only 27,000 people enrolled with all of those website problems. We still do not know what the numbers look like for the 14 states plus the District Of Columbia that are doing their own exchanges, we expect those numbers to be better because their websites have not been as troubled. Here are some of the other issues. The white house still needs to get 7 Million People enrolled by the end of march, and they still have a long way to go. The averages about 40,000 a day they will need enrolled through the federal exchange, so they are probably not likely to hit that target of 7 million still. The other issue is the front end User Experience is working, so people can get on the site and in role, but the backend is still a problem and that is what they need to fix, because insurers are reporting the information they are getting is either incomplete or garbled, and that is preventing them from actually registering people in insurance plans. That is the big problem right now. People are enrolling. They are choosing their plan, but it the insurers cannot if the insurers cannot sign them up, they will be without insurance on january 1. That make sense. They key is getting a young and uninsured, right . Yes, that is the focus. They need this cohort of young, invisibles to balance out the risk pool because that is what keeps costs down. President held a youth summit to spread the word. If you get sick and you get to the hospital and you do not have coverage, somebody else is also going to be paying for it. It might be your family, they cannot afford it. It may be everybody else, who does have insurance, and is acting responsibly, and is essentially subsidizing for your care. The problem here is that First Impressions are Lasting Impressions and the obamacare brand has been damaged. There was a harvard poll that showed that 29 of young uninsured are leaning toward signing up, but 41 say it is a 5050 proposition, and that is something the white house and democrats need to turn around. Julianna goldman, thank you. Kroger is out with results this morning. Shares are up 60 so far this year. We will talk about investor appetite with the company cfo. Also, mexico tries to get fiscally and physically fit. Will a tax on junk food and soda be a solution . It is not just for drinking and we will talk to a man who claims to have the best whiskey collection in the u. S. Why the drink could make a better investment than stocks. Stay in the loop. Were just Getting Started on this thursday. In the loop with betty liu will be right back. Well, ford is unveiling the new mustang today at an event that some might call the latest evidence of a renaissance among detroits automakers. A beautiful card. , and manufacturing in the u. S. , but our next guest disagrees. He writes in his latest Bloomberg View column economist Gary Shilling joining us. Always rate to see you. See you. To so, why are you so down . Well, i am not down. Taking up in is this country and there is this reassuring, if you will, coming back, but it is robotic intensive. Mean, robotic intensive workers are not being hired . That is right. The output per employee in manufacturing it is right back on trent, growing 3. 5 a year. As a result, with the revival of manufacturing, the employment, although there has been some pickup in this recovery, it is really just a leveling of what has been a longterm downward trend. To hugenot go back factories, 5000 people in an auto factory, or making shoes or textuals textiles. It does not matter, you are saying, if the automakers are doing well and their cars are selling well. It does not translate to more jobs. Holding not. In mexico, a looks a getting their act together probably not. In mexico, it looks like they are getting their act together government, and because of the synonymy in the far east, there is a lot shifting to mexico. They are more like to be in mexico in terms of supplying north america. What about the argument that wages in some of these emerging markets that have traditionally taken away manufacturing jobs, like in china, they have gone up, so it is less appealing to produce products there, so you see this onshoring, and some say that trend will not reverse. You go from two dollars an hour to three dollars an hour, and compare that to 30 an hour in the u. S. , and people coming in now are vastly reduced in pay. The gap is so huge. It will take a long time. Labor iss right, and less important as things get automated. The robotics, the intensity of manufacturing, which has left and less labor in the park less and less labor. And you have a president that says he will double exports in five years. He said that in 2010, and it would take a 40 increase in exports to get there. I think that is a track that stretch. He did not say that is a stretch. E did not say to whom Everyone Wants to export, but nobody wants to import. When you say you want to export, who is going to buy our stuff . Like in 2010, he was thinking wasd in 2010, he thinking exporting to china . I do not think he thought about it. He is long on ideas and goals, but short of the specifics. You see that with obamacare as a shining example. I am not sure here his advisor said we would export to the eurozone, china, japan, Eastern Europe i am not sure they laid that out or even thought about that, at that is what you have to do, because everybody wants to export. Nobody wants to import. That is true. Unfortunately, that trends toward protectionism, which is the unfortunate implication. Which is the opposite effect. Exactly. Great to see you. I got my honey. You are a honey. You get your honey. Bloombergilling, our columnist. To read more of his columns go to bloomberg. Com view. First. Bloomberg. You are watching in the loop , live on Bloomberg Television and streaming on your phone, tablet, and on bloomberg. Com. Good morning. I am betty liu. The Gray Television is on the markets. Equity futures right now are very Bloomberg Television is on the markets. Equity futures right now are very little changed. We will have the kroger cfo in about 30 minutes. In the making,rs but the volker rule might finally be realized. Treasury secretary jack lew will discuss details of the final volker rule in a speech this morning and regulators will vote next week on a law that could affect 44 billion in revenue from the five to get banks. Microsoft expanding encryption to protect customer information following reports that the government was intercepting data. The company is also stepping up legal efforts to protect the data. Belown plunged 20 , 20,000. The peoples bank of china said bitcoin is not a currency with real money meaning, and does not have the same legal status as hard currency. It might in the future. Were standing by for the latest read on the economy. Initial jobless claims and personal consumption on deck. We have a jobs report tomorrow. Michael mckee has the real deal on the numbers. Data, two other Central Banks have their decisions no change on the ecb or the bank of england. But it does tell us something. There are implications for both of the banks in making no decisions. The bank of england, their economy is picking up and the government raise their economic nexth forecast to 2. 4 year. Should that push up inflation, they have a problem. They are already at 2. 6 . By doing nothing, the bank of england tells us they do not think inflation will be a problem. Across the channel, to the ecb, their problem is inflation is too low. It was at 0. 9 in october. Their decision says they are staying put and they do not need to take additional action as it did last time with a cut in Interest Rates, so they are on hold, but we will watch what mario draghi says. Theyre expected to put out new forecast for the next two years and their first look at 2015, and people will try to extrapolate where they think the economy is going and where policy will go. And the implications here for us in the u. S. . Well will be watching the gdp numbers because not only does the fed want to see the Unemployment Rate come down, but they want proof that it will stay that way. We need to see strength in the revision, but numbers that tell us it is not just inventory building. There is momentum going into the Fourth Quarter, and reason to think the companies will continue hiring. The numbers, including jobless claims will be important to investors. They will be important. Those numbers are moments away. ,e will get jobless claims which are expected to come in at 320,000 claims for the week ending november 30. These are numbers we get ready for the monthly jobs report out tomorrow. Also, personal consumptions numbers are out as well, up 1. 5 would be the third number quarter number. A measure of inflation is expected to be recorded at 1. 4 . All of these numbers would have implication on fed policy, although most expect that if we see any change in Interest Rates, that is not going to happen until sometime and it cannot, anyway, until sometime next year. The numbers are out. 298,000 claims is where it is hitting. That is below the hundred thousand. Pretty significant. Well below the estimates of 320,000. Personal consumption, one point four percent versus the original reporting of 1. 5 . At 1. 5 . Oming in tommy what you make of these numbers. The Labor Department says it is difficult to seasonally adjust because we have the veterans day holiday. You see the big drop their. Analysts will throw that out. It does tell you we do not have a problem anywhere. It is not a shock when you see numbers fall that much. Gdp is important. It is a big increase, suggesting the economy did have some momentum possibly going into the third quarter. One of the things we are looking at in gdp is corporate profits. Corporate profits for the third quarter, after you take out inventory and capital adjustments, you end up with 2. 2 gains. It was down. 10 in the second quarter. Gdp numbers, personal consumption comes in at 1. 4 , and that is not good news, but is this investment is up by quite a bit, 16. 7 , compared to 9. 5 . We have been looking for business to start spending, and if that starts happening, that would be good news for the economy overall. Michael mckee, thank you. Coming up, a segment filled with holiday cheer. We will have some fun here. Why you should look at whiskey at as more than just a drink. Also, apples big score close to a deal with the Worlds Largest mobile carrier. Kobe bryant getting week ready to return for the lakers this weekend, but he tells us more about the king he would really like to be playing for. Stay in the loop, for more on kobe bryant. Well, forget about messing in the stock market. Our next guest says put that booze. Ooz he is one of the top whiskey collectors in the world. Stop that. Love into ad h