, coming in a one point oh 7 billion. A year ago, it was 1. 5 billion. Down on the revenue on and also down from the Previous Year , 6. 99 billion yard looking at it across the region, sales in europe felt a lot worse than estimated. Regionlook at the compared with sales 9. 9 . About close tos 11 . A little better than expected. Ago, we heard sales in the asiapacific middle east area, close to 15 . They recovered slightly over the course of four weeks. , expected tomonth be negative. They are. Muchtors really focus worse, 3. 3 . This, investors have said, is because of the meat scandals mcdonalds has faced overseas. Yes. The company has struggled to a lure customers to their diners, specifically in areas in the asiapacific region. China, hong kong, japan, it did hurt the reputation of this chain paradise of two analysts, as well as others, and they told me they really need to look to crack down on this pacific issue. This is where there is the most up right potential. There more confident that his lossescan recoup by changing their methods and marketing campaign. Across asia, australia for example, the dollar making it a little more expensive for a consumer. A lot of issues they have to focus on in asia. That heard their fourthquarter results and they are changing guidance as well. Thank you so much. Our breaking desk on mcdonalds. Another look at big copper top corporate stories. Cocacola says it will miss longterm targets for profit growth. Will need toit refocus on their core operations, revenue is still falling in north america. Dropped as well. In the meantime, tim cook setting off a Holiday Shopping spree. The last threer months of the year. The demand for the new iphone is staggering, he says. In the meantime, banks and Credit Card Companies were on board for yesterdays launch of apple pay, the multipage system. Did you use it . Here is barry summers on apple pay. I think apple pays a big real. Our philosophy is simple we are here to help our customers. If they want to put their credit card and debit card on an iphone, we will be there for them. The most important thing for us to is to be responsible. Question to pass his will not enact any largescale stimulus. The slows growth rate in more than five years. But it be estimates. Caselster the governments for measures. When i wake up the morning, we keep an eye on china. It is the engine or Global Growth, whether or not you believe the numbers. Bubble it is the largest going on in global right now and one of the largest in history. Chinas growth cannot be sustained and es been pounding that drum for quite some time. Ahead of one of the world buses Biggest Oil Companies has died in a plane crash in moscow. Stuck basement struck a snowplow. Sought thers he biggest in at least 15 years. Finally, in south africa, a former olympic want runner has been sentenced for five years for killing his girlfriend. He must serve 10 months in jail and then can be sentenced to house arrest. He thought an intruder was in the house when he fired four shots at a closed bathroom door and his girlfriend. This hour,shaking tom stier, the billionaire former hedge fund manager. He turned to politics and i met with him in Northern California at that time. It the biggest donor, the socalled super pac. Millioned to spend 50 and is now past that. The donated 15 million and 5 million donations since june of 2013. Million to republican causes. He has been a big name in trying to get the Keystone Oil Pipeline killed. Thing in politics, midterm elections more than any elections. Republicans are counting on the fear factor. According to data for cancer media, 50 terrorism or National Security related ads have aired in states like georgia, kentucky, and north carolina. The top five democratic targets, four of them are women. How effective so far have we seen this fear factor by the gop . Is veryems to think it effective because theyre running it in so many states. The interesting part of this story is where they are running it. Democraticrgeting women. When we talk to republicans, the strategy is to counteract the war on women theme that democrats have successfully been running in these states. The thinking is by getting women to stop thinking so much about the gender side of politics and think more about National Security issues, that they can try and narrow some of that cap. We do not know specifically what is having the gap, but we are starting to see the gender gap narrow in swing states, which is of concern to democrats. Is in this one way for the gop to attack women and say theyre weak on terrorism and week on work . That is what is implied. It is not what they are coming out and directly saying. If you look at the context of some of the ads, they are raising concerns about a foundation issue. Actually saying it has links to having money to terrorist groups, which independent Fact Checkers have found is completely false. Theyre not doing it directly, but certainly indirectly by targeting women and raising questions about just how tough they are and whether what it takes to protect the nation. Linking them to president obama. His numbers are so far in the tank right now that anything they can do to link any Senate Democrat to him will be affected. The lowell the lowest Approval Rating so far. Thank you. Politics weird with me this morning, my guest post this morning. The multibilliondollar Real Estate Developer and chairman of the board of congressional black caucus, a democrat and donor to several candidates on both sides of the aisle. I know you have been a supporter of the president even though you criticized the democrats as well. Hearing what heidi is saying, democrats are vulnerable to approve the senate. What you heard, we are talking about just now, how republicans appeal to voters on current issues, not on gender or prior issues. I cannot count how many times my wife has gotten direct mail pieces from candidates about a womans right to choose. That has been settled a long time ago. A democratic candidate. Democratic candidates have used this tool to scare women. Same thing with africanamerican women. We should be looking at how we take the country forward. Why dont we ask the question of why there are more women and ceos. How do we promote more entrepreneurship among women . Many of those things that we are not seeing and the democrats should be speaking to and owning that issue and they are not. Havent those issues work for the Democratic Party . They still are effective. Yes, but i do not think we will have the same traction anymore. We just came off of the worst recession in the country since the great depression. Many people are struggling, especially women who are professionals and often worse trying to get ahead of households. Realwant to hear about issues affecting them and their families in this country. We have moved beyond many of these issues and the Democratic Party, at least the party i knew, has been a forwardlooking progressive party. There back and running 1970s and 1980s campaign. That will be in undoing for these candidates. Meanwhile, the gop is running a 1980s style campaign. It is effective because we all want to be safe here in america. Terrorism is the numberone challenge for us globally. Talking about that is a current issue. They have a long way to go. Africanamericans, women, any kind of agenda, it is so dismal. The fear factor does not help incumbents. Obama has been heavily criticized for not reacting too many issues that have come up in the last 12 months. Including the ebola crisis he has been criticized for. Couple cases of ebola in the united states. We have had a thoughtful president who weighed the issues and react to issues based on the circumstances compelling him to do so. We are not in an ebola crisis. Class of feels that way. We are reactionary. Part of that is about the media. The president should be a calming and stabilizing factor in the nation. He is. When thense rapidly circumstances dictated. He is thoughtful. If we run a major corporation, we want him as a stock holder to be calm and deliberate before he makes a rash decision. Staying with me as my guest host. Coming up, strike three, majorly raised ball turning off the next generation of fans. The world series starts. Plus, ibm takes a dive. We will have much more in a moment. In china, the Real Estate Market is facing a tough road ahead. Property sales and construction have tumbled and dead, buyers have been is seeking investments outside of the country. Where they gone . They are coming to u. S. Real estate. The latest megadeal bought by a chinese firm and insurance nearly 2 billion. That purchase underscores a reality. Looking for a place to park their cash. Still of me is someone who knows a lot about the Real Estate Market. It owns and invests property in major u. S. Cities, including your hometown of washington dc. First off, what do you make of the chinese . You hear about them in chicago and l. A. And new york now. People are saying, are the chinese like the japanese, buying up our land . Pursuit of the returns. There is also a diversification play as well. Also, my top five are miami, florida. We have never seen many asian buyers in the past. There are more and more coming there to buy. Much more to five. York. Miami, new see significant chinese investment. That make sense. I was talking with a few Real Estate Investors about this topic and they said, i am not want this hereey in the u. S. They will be happy to see it breakeven. There are losing money. Even if they could break even, they would be happy. Would you agree . No. They are looking for strong returns. Let new york office, especially new york, essentially the istinum standard, the chance remote here. They look at it as a great floor. The market is still somewhat volatile. Real Estate Investment is some volatility. Theyre looking to drive returns. Market. Cisco is a hot the second strongest in the country. He will see more investment as well. But they are looking to make money like any of us would be. Know you arei developing several projects down there. Would you partner with the chinese . Absolutely. Discussion inn the past with chinese investors, a Chinese Development firm that is also part in china that have an appetite for miami. What is the hottest thing on your radar . While everyone is focusing on is maturing. Arket not everybody can afford to, nor do they want to buy condos. Thing for the next miami. In the more urban centers of miami summit downtown is ashley, we like that. On the rental side, the the place to be. Manhattan, i think the story is office. Hear the absent. I hear people say you cannot make money in office, but you can in residential. Prices are so astronomical now and if you look midtown south and all downtown, you are seeing office rents escalating rapidly. There is a tremendous opportunity on that side. There is so much demand for residential in manhattan. But we are becoming the tech center of the east coast. To your point, there have been few new Office Towers dont in manhattan. Im thinking about the hutson, maybe one of the few i can think of. We will be back with much more. Are you watching the world series . Maybe. Ok. Nine innings worth of americas his favorite pastime. Game fornch of kids watching boring baseball . We will be back. Breaking news right now at jpmorgan. Euros. Seven billion more at the breaking news desk. The latest headline come across the terminal regarding the banks being find regarding this scandal. Jpmorgan getting the hefty us fine, 17. 2 million euros. Euros here ation 9. 1 7 million euros. Two angst avoided penalties. Is the one that avoided the penalty for blowing the whistle oh thankstel clutch cartel. Four banks, jpmorgan getting the largest fines. Rbs and jpmorgan were involved in the bilateral cartel case. Investigations going for a few months regarding the influence of the swiss franc libor benchmark interest rate. Thank you so much. In other company news this morning, sears is trying to raise more capital, returning to its billionaire ceo for the first time in a little over a month. It will ensure its Balance Sheet ahead of the shopping season. 625 million in debt to shareholders. He owns a stake. Than 540 million financial records have been stolen in the last month according to the fbi. Business leaders were told you will be hacked. Have a plan. Investigating a potential breach of Customer Credit card data. Up to half of the company has been hacked. Or will be. A dominican born designer became a u. S. Citizen and became the First American to become the top designer at the fashion house. He was 82 years old and battling cancer for several years. It is 26 minutes past the hour. Bloomberg television is on the markets. Equities rebounding. We climbed up from the lows yesterday. It seems this rally is in place at least for today. We are on the market again in 30 minutes. Tonight, the world series gets underway. The Kansas City Royals host the kansas city giants. The first page is scheduled for 8 07 p. M. Will kids the able to stay up past their bedtime . Down with asat focus group of kids to understand the disconnect between them and baseball. Will the prosperity of americas is past time become a thing of the past . Baseball has a problem. Young people are not tuning in. Not even one in 12 call baseball his or her favorite sport. What can the incoming commissioner do to turn things around . Todays generation cannot stay focused on nine innings of baseball. I cant even do that and i am 40. Some children cannot even spell the word baseball. Tonights game starts at 8 00. Well probably be over at 11 00, levin 15, 11 30. Up thatallowed to stay late . No. The rule has not been enforced in the outgoing commissioners 10 year. Too much waiting wait, wait, wait. No surprise, the game is getting longer. The average ballgame clocked in at three hours in eight minutes. Compare that to 1950 when the average ballgame lasted only two hours and 22 minutes. Would taking baseball back be enough to get the kids to watch . Question to much would you like to spend watching a baseball game . 45 minutes. I was on vacation i went to one and it was so boring that i fell asleep. [laughter] what would make baseball more fun for you to watch . Of hitters. He pain 0. 86 home runs per game. Two of 13 hitters who topped 40 runs in 1998. The heart of the steroid fueled era. One player, nelson cruz, hit 40 home runs this season. Everybody watch the game. Isabella, how much fun are you having on a scale of one to 10 . A1. A 3. Watch the screen. How much fun are you having . 2. A little more fun than watching the baseball game. Who is having more fun, the kids or you . I was having a good night. First off, you do not like baseball that much. I used to love it growing up, but as an adult, i am more of a basketball fan. My kids, i have a 20yearold son, wheeze to go to the baseball games. He has really never been a big baseball fan. My daughter who is 11 does not like baseball. Base. Uez was on third other than that, she is not on baseball theory collects all of the kids i spoke to, even the ones who werent used fans because their parents were, really loved yankees players. One other teams play, nobody cares. Its messy when you have a world where when the giant is kansas city . It is not even in kansas. When the giants play the tigers, that was at least an interesting story. Nobody watched the world series. The worst rated world series in history. Need to do is, the three things kids do not like hum of the games take too long and may continue to take longer and longer. A start way too late. Who will stay up this late to watch again . It is boring. There is not enough action. One kid told me he would watch baseball more if they had more touchdowns. He said it would be better if there were touchdowns. People who watch football think it is slow. Basketball. All of the sports you just mentioned, kids like them, it even soccer, more than they like baseball. Soccer can go two hours and have a 00 result. What they need to do is speed up the game. The arizona fall league, to try to keep batters from stepping out of the box too much, to make pictures pitchers actually throw it. You say there is not enough diversity in the top tier . Look at the diversity of the players. Think the owners have to step up or the people have to step up to make a bid. One of the topics we talked about earlier, they should be talking to after americans and minorities and women about how to gain Great Success instead of attacking wealth. We are an aspirational country in an Aspirational Society and we should be talking about that. I was surprised by the number of women at these games. Im not sure but im talking about women on their own. These games. Exactly, that is what they want. They are after that and that is a democratic demographic. Reviously you just mentioned a couple of great sports that are exciting to watch. Exactly. Football can change and in the last minute of the game. Dolphins ande rodgers threw a touchdown with four seconds left in the game. You will never see that in baseball. You will be waiting forever to watch an outcome change in baseball. Are you bidding for a team . Guys a Basketball Team . It has got to be a fun market. You make money when you sell them. Youve got to enjoy the ride along the way. Great to see you this morning. And matt, always a pleasure having you on the program. Coming up, as Warren Buffett lost his touch . Some are questioning his future . Should they . We will be back and talk more about it here in about it. The company scrapped its 2015 forecast. Expecting declines this year. Gains for Warren Buffett. Berkshire hathaway has held a 7 stake since two thousand 11 in ibm. This is a onetwo punch for berkshire. Warren buffett admitted that was a mistake and is he losing his touch as a stock maker . That is the question going around these days. With me this morning is lawrence who wrote a book with Hank Greenberg on the aig story. The tesco situation might be a mistake. People make mistakes and berkshire and buffett