The fed is expected to raise the benchmark Interest Rate sometime next year. Some question whether that might be too soon given what we have seen in the markets. A potential merger in the Railroad Industry will not be happening at least for now. Rejected a proposal sometime in the past week. A deal would have created a rail specific transcontinental reach. If there will be another offer. Down 11 bill ackman on the first day of trading in amsterdam. Panic and redemption define investors. Here is what he said. We are not Berkshire Hathaway. That is not a bad business model. You think about a longduration business strategy. We will buy large stakes in Public Companies like we have in the past. Do you think of yourself more like Warren Buffett . A betterk that is choice. Im friendly with mr. Carl icahn. In terms of Investment Strategy, we are much more like Berkshire Hathaway. The first time, someone has contracted ebola inside the United States. Is Hazardous Materials crew decontaminating the apartment of a Health Care Worker in dallas. She came down with ebola after treating the man who was being treated for the disease at texas presbyterian. There was a breach in protocol. Been dozens of Health Care Workers who had time with thomas eric duncan. Hong kong truck and taxi drivers losing their patients with prodemocracy demonstrators. Hundreds tried to break through barricades set up of the protesters. The protests have created massive traffic jams. Drivers say that is costing them money. On the corporate front, we have breaking news on Janus Capital. The company has agreed to acquire velocity shareholdings, the Parent Company of Exchange TraderCompany Velocity shares. What bill gross is up to. He had a very good morning. They are looking to buy velocityshares for the tune of 30 million. The deal is subject to Regulatory Approval and should be finalized within the Fourth Quarter of this year. Sayseo of velocityshares there is a lot of synergy between the two firms and he looks forward to boosting the etf growth. Bill gross is no stranger to etfs. He was the head of pimcos etf return product. He will have a lot of say in how this one is going to be run specifically. Bill gross will have some way of managing this fund. Etfle want to boost presents. Much more aggressive janus under bill gross already. Back and getstep more perspective on the markets and how they are trading, particularly after the selloff we have seen. European stocks and futures are rising. Julie hyman, put a doll in perspective put it all in perspective. It was sort of a remarkable week. It looks like a turning point in terms of sentiment and where we saw trading. German economic data, chinese economic data, profit warnings from some relatively Small Tech Companies in the United States that caused a ripple effect. The s p 500 down around 3 for the week. Sow 1. 5 trillion off the value of u. S. Stock markets. The s p encapsulating that. If you look at the world index, you see emerging markets also falling. Definitely, a lot of concern among global stock markets. Illustrating the interconnectedness of what we have seen in the selloff. Take a look at what we have seen in the treasury market. Stocks falling to the 200 day moving average. We so the 10 year yield falling to remarkably low levels. 2. 28 . We are continuing to see futures point to lower yields. The bond market is closed today. That could cause a little bit of light volume. We are seeing a little bit of a lookup and futures as we see markets globally start to bounce back to some extent. Selloff ofy get i those proportions, we tend to have traders and investors take a look back. Will it be sustained . Is the big question. Julie hyman, our senior markets correspondent. Moving and shaking this hour, of the asset ceo management business says we will not be getting a 10 market correction. She says, stocks will only fall a little bit or they will follow a lot, nothing in between, no middle ground. She said, we will get a 2 correction with a lot of cash coming in on the way down or we are going to get a real correction and it is going to be a lot worse than 10 . A big warning from her. The s p has fallen a most 6 from its peak last month. One company we are watching closely is the newly merged fiatchrysler which will make its debut on the Stock Exchange today. It has beat sales for years in a row, but has left the goals for its first five years as a new company. Matt miller joins us now. What are they trying to achieve here . They are the sixthlargest automaker. They are. They have a ton of brands. Fiat, alfa romeo. Most of the brands are in the u. S. That is one of the main reasons the ceo wanted to move most of the lifting over here. He hopes to have a 6040 split. He wants 60 of the shares to trade on the nyse. He has incredibly lofty goals for the next five years. He wants to boost sales and revenue. He has a lot to do between now and then. He wants to double margins from 4 to 7 . 4 is pretty sad in the auto industry. 7 would be a lot better. A number ofecute on levels in order to achieve that by the time he wants to retire ris collect for aris ferra for a living. The most important thing is jeep. It has grown over the last five 27 per year. That is the fastestgrowing retail auto brand in the world of anyone else. They will achieve one Million Units in sales this year and a want to double that by next year. Do you drive a jeep . I do not. I could see you in one. Someday we could all be in a eheap if the seat jeep if th ceo has his druthers. [laughter] i will be interviewing him tonight. Thank you so much, matt miller. On the chrysler ipo. I want to turn back to a broader focus on the markets. I wanto ort washington advisers. To see if at great this morning. I know we were having some connection problems nick, great to see you this morning to him having some connection problems, which is why we are actually on the phone with you this morning. I respect every, but mice mary, but my take is we are not going into a bear market. The real debate is does this thing abort quickly and the fear goes away or does it lengthen . That is what i am unsure about. What would make you more sure . What are you looking for . One, what should we worry about . There is a global slowdown led by europe. Germany is flat on its back. Worries about japan and some other emerging economies. Sayingf people have been that the strong dollar is going to hurt the u. S. Economy. You have to put that in perspective. It has been a big move against the euro, but not against all of our trading partners. I dont see that as a negative. Falling oil prices are bad for investors long oil but they are good for the consumer, they are putting more money in the pocket. That is a stabilizing effect. Oil prices have fallen Something Like 20 so far. Yes, that is good for the economy when it filters down to lower gas prices, but that is also a really bad sign about the Global Economy. That is true. You have to ask, what is the cause of it . Price might oil continue for a little bit longer. If they are selfcorrecting , some of them argued to put more people possible money into peoples pockets and you have lower Interest Rates. Slowdown,s a global the fed will keep it up a for a longer. Of time a longer period of time. Thank you so much. The chief economist at Fort Washington advisors. Ackmanup, what will bill do with all the money he raised in his ipo . Getting about 2. 7 billion in his ipo. We have much more from that exclusive interview with him from the netherlands. The latest big company to be targeted by hackers, kmart, as if they do not have enough trouble. What they are doing to protect their customers. As we mentioned, bill ackman has gone dutch, kind of. Shares of Pershing Square are in the red. The stock has dropped as much as 11 before recovering just a little bit. Hans nichols spoke exclusively to bill ackman, where he disclosed where the new money raised will be spent. List the u. S. , you cannot that pays Incentive Fees when you on securities. With think of it like an Investment Holding company, but technically it is a closed end fund and we have to be an offshore entity. And london Stock Exchanges. In london, there is the specialist market. We will be the 25th largest company. I think people will look us is a real company and it will contribute to the liquidity. Liquidity is one of the main reasons for this . Yes. Are you going to go on a shopping spree before christmas . Capital gets repopulated among all the funds we match. We have about 18 billion in capital. The cash we have raised we intend to use for a new commitment. New commitment we will announce in the next 4560 days and the capital will go to that investment. A usbased company . A usbased company. Are you going to give me a hand . No. A hint . No. Heard about 16. 8 crybaby shareholders. No. Carl icahn might call me that in the old days. The reference was to the fact that in those days government was not something that i was was top of mind for shareholders and shareholder activists. I think it is a very positive trend. Im glad you brought up carl icahn. You see these trades to the end of the earth. Their investments. We think of it like an Investment Holding company. We are not Berkshire Hathaway, but that is not a bad business model. You think about it longduration Investment Strategy. In publicly invest markets, but we will buy large stakes and Public Companies that will enable us to have a Large Capital base to manage the duration of investments. You think of yourself more of a Warren Buffett than a carl icahn . I think that is a better choice. In terms of Investment Strategy we are much more like Berkshire Hathaway than carl icahn. Hans nichols pushing some buttons with bill ackman. [laughter] he joins us now from amsterdam. Do not call bill ackman a trader and he will bite your head off. [laughter] yeah. I thought it was going to get in trouble when i suggested he was a crybaby shareholder. He was fine with that. I suggested he was a trader and then he was not the kind of amsterdam mello that many around the streets here clearly are. [laughter] did not ask him about the smell of Something Sweet and leafy in the air. [laughter] you can clearly smell something that is in the air here. On his bid for allergen, he has owners ofced the allergen to have a meeting with him. He is still bill ackman of change. He is looking for positions. They have increased their position at fannie and freddie. They are going to go and spend 6 billion all in one place sometime before the end of november. Bill ackman has a surprise for us. One company is about to get surprised. Hise has something in pocket he is going to be showing to us very soon. What about herbalife . What did he say about that . Thee basically says situation in venezuela on how they are accounting for their currency, where herbalife is giving it a one to 10 ratio. Official rates are one to 103. He believes this will start unraveling and have Price Waterhouse cooper, the accounting agency, really take a harder look at the books. Developments on herbalife out of venezuela as being significant and a potential catalyst. We have all talked about the herbalife game over and over. His investment is at parity. He has kind of broke even. We will see how much further it broke down and whether this short is a big win for him. Try not to breathe into heavily around you. Hans nichols reporting from amsterdam. Much more ahead, including the backlash. Linkedin may be being a higher price than a wants to get customers in china. The deadly disease comes home. The first time someone gets infected with ebola inside the United States. You are watching in the loop. Live on Bloomberg Television. It is columbus day. Here is a look at our top headlines. The crackdown on tax aversion is not stopping some buyers. This deal will shift the u. S. Medical Technology Company costs feel to the u. K. And cut its tax phil. Kmart bill. Kmart is the latest retailer to be hit by hackers. Kmart will provide free credit monitoring customers. At the disorganized month and were hacked. Who shop at the store this past month and were hacked. Different economist wins the nobel prize a french economist wins the nobel prize. Bloomberg television is on the markets. It moment of trepidation as to where markets are headed. It is time for futures and focus. Gold futures trading at the highest levels as people look for safety. There are other things going on here as well. Joining we with more joining me with more is joseph stone and todd horwitz. You. Lets start with we have seen this rebound in gold as people scramble for safety. When you have the fed coming out and saying, we might remove , youmodation more slowly would think that that would not necessarily be good for gold. Sure. After we saw the good jobs report come out two fridays ago, a lot of people bid the price down. We are seeing a lot of good Economic Growth in the United States, a lot of people said. When they got the minutes, they saw the fed was not saying we are ready to do this. We are seeing the economic slowdown in europe and china, suggesting we might seek sewer growth Slower Growth here. Todd, im curious as to what you are seeing in your perspective on the trading floor. Are we going to see more downsides for gold in the shortterm . Good morning. I think that gold has taken all the punches that it can take for now. Last week, we went down to that low last year. E kind of made a Double Bottom it has been the victim of a much stronger u. S. Dollar. It has been the victim of a lot of sellers coming into it. You take all of those considerations and now we come bottom and it the looks like a fair buy. I think we will see possibly 1300. Andok at it as a commodity not an asset, that is directly affected by the strength of the dollar. Weakness in the dollar will create strengthen gold. People will come in that do look as a fair class. I think old has taken all the punches it can take to the downside. I think gold will work its way higher to the 1300 level. A buyer around 1220, you would still look for a bit of a pullback . I would not have a problem buying at 1200. 5. 1220 isndred 20 good as a. Im looking to make a nice little spot on this trade. I want to put the trade in laymans terms. Lets assume he is buying gold to 1250, if it goes up that would leave a profit of 30. If it bounces, he could make a profit of 3000. Im curious about this idea of the Double Bottom. You are looking at a from a fundamental and a technical perspective. Do you think that means we also dont see much more downside . This has been so much of a dollar trade. We had such a rise for a long time. As the dollar becomes more expensive, it is more expensive to buy gold. If people are making bets that they think we will see too much of a runup, the price of the dollar is over bid, then yes, the price may continue higher. That is a bet that a lot of people are making and some arent. Thank you some much. We will have more on the markets and 30 minutes. Thank you so much. Back to the crisis, the ebola crisis. A breach in protocol. That is what cdc and dallas officials are attributing to the first case of ebola contracted within the u. S. Borders. What the breach means is yet to be seen. In thed see more cases coming days despite seemingly thorough precautions. Shall be has been following all holiday hasshelby been following all of these developments. What is happening here . We are getting mixed messages and that is what is so alarming to so many people. Ebola is a deadly disease. It has entered america and infected an american. We dont know what the breach in protocol was. We know this nurse treated thomas eric duncan, the man who lost his life to ebola last week. She followedsays all necessary procedures and was following protocol. Shortly after she was diagnosed, the cdc made a bold statement. We dont know what occurred in the care of the original patient in dallas, but at some point, there was a breach in protocol and that breach in protocol resulted in this infection. President obama has called on the cdc to speed up the investigation, figure it out as soon as possible, but we are hearing intense criticism from National Nurses united and other groups saying that hospitals are not prepared and nurses feel they are not ready to handle ebola if it walks into their emergency room. They are saying, dont blame us. Look at the overall system. How prepared are american hospitals around the country . Advises hospitals, but they do not actually oversee them. It is unclear how prepared hospitals are. 80 of nurses have not received proper training or education. That is causing a scare. Overseas, nurses and liberia are on strike because eight in 10 do not have the necessary gear to treat ebola. This is a problem worldwide. With thousands of troops approved to go overseas to treat ebola, it is not just a health crisis, it could be a National Security crisis. Americans are definitely worried about this. Shelby, thank you so much. Breaking news on a retailer. Allison naming marvin as p