Thats a different inflation. That is helping them a lot. We have our own price index today. Cpi is expected to rise today but only to 1. 3 . We also get the association of homebuilders index. The highs are expected to rise. Twoday one of the fed meeting. Tomorrow we get the Rate Decision and the bank of england governor is testifying to the Parliament Economic affairs committee. Is his first testimony. German chancellor Angela Merkel is sworn in for her third term today. Lets take a data check. It is quiet and you would expect that as we begin this to date that meeting. The market is flat. Crude oil has gone nowhere the last couple of days. Screeno on to the next a little bit of foreign exchange. Quiet big deal of isle december usdidr the indonesian currency. Everything else is stable and indonesia goes weaker. The bank of japan is helping. That. Can see that bears watching into the beginning of the year. Lets look at a chairman y yellen chart. This is 22 , zero percent, how much angst is this for chairman yellen . They are not happy about disinflation. Some people think they they could put in a new threshold, and inflation floor. Is there a theory for that . You dont want to get into deflation. They want the markets to believe they will inflate. The Forward Guidance keeps changing. We are looking for your Forward Guidance on the front pages today. Of the nsa Surveillance Program may be unconstitutional. A federal judge ruled the collection of phone call data may have finally to the constitution. The judge allowed a lawsuit to forward saying in a loud it violated right to privacy. This is a landmark ruling in the department of justice says it leaves the surveillance is legal. It is one ruling that this indicates how Edward Snowden continues to make a splash as we debate. Some people thought he should have been Time Magazine man of the year. The big thing with the nsa is the judge said to appeal it right away. Storyr next frontpage has to do with the change in the way big pharma promotes its medicine. Glaxosmithkline says it will stop paying doctors. It will change its compensation for sales. Its not clear whether other drug makers will follow the lead but they been in hot water in china on allegations that it ride hospitals, doctors, and officials. It they 3 billion to resolve u. S. Allegations that him properly promoted medicine. This could change the way that doctors are paid to recommend certain medicines. That bears watching. Finally, it is the time of the year when global wall street gets its expectations managed down on yearend bonuses. Estimates that bonuses may rise 10 across the board. There should be a shift in who gets the bulk of that payment. Mnj and bond traders will probably make as much were the winners will be hedge funds, Asset Managers and any one who has to do with ipos. The shift is going on. It is back and forth every year. The bonuses get paid when . About february. In london, they thought they would get onus is up 44 . Are they limited their. Obviously not. Suggest they pay a lot of taxes on said bonuses. Storiese our frontpage so lets go to washington. It senate will vote on budget and compromises in the air but after that, schmidt, cook, myers stopped by for a photo op. They agree not to steal each others code red is for 20 minutes as the president them up on a photo shoot. Thats go to peter cook. Debate today, the vote, how important is this . Its important because without this vote from the senate in favor of this mini budget agreement organized by patty murray and paul ryan, we have a threat of to more government shutdowns over the next two years. The expectation is they will get the 60 votes they need today at 10 00 in the morning. There could be more drama here than people realize. Yesterdaypflopping when republican said they would vote and then pulled back. 60 votes is the threshold test. To expectation is they want get home for the holidays so we will see those 60 votes. Is our Senate Becoming more like our house . With the changes in the senate rules, that is the argument republicans have made. We are not there yet. It will still be the saucer that cools. The animosity right now between republicans and democrats over these rule changes and the possibility that if republicans took over, they could up the ante is out there. If you see the filibuster go away, it will be a different place. These techout executives going to the white house . They want to prevent it from becoming a photo op. The original presentation was simply for these tech ceos to come to the white house and talk about the improvements and the problems that healthcare. Gov has. Talksaid they also want to about the Surveillance Programs and the harm it is doing to their businesses as we try to get involved in the Cloud Business and parts of the world. They are getting blow by because of they are getting blowback because of the government. The Court Decision yesterday is on the agenda for discussions at the white house. Both healthcare and the nsa Surveillance Program. Thank you so much. Our guest is this our is felix gillette. He graced the cover of louisburg is this week of bloomberg businessweek. Are earnings making any money . They are blackberry losses. The question is how bad will it be . On friday is the first time the new leadership at blackberry will get a chance to make the case of what they will do from here on out. Came in recently and said very little. He said we are not for sale and we are still here and not dead but what will you do . How much is the canadian government involved . They have said they did not intervene earlier and did not want chinese investors to take over. Blackberry is involved in mobile security. They blocked that. They are involved. Isnt the focus on whether they will break up the company . Everyone is looking at the different teases and how can you rake it down and what is valuable in their. I think that makes sense. Its hard to see what strategy is as a standalone company. You wonder how many earnings reports they will have. Mean losses reports. Its all rigged. We will have a single best chart that compares blackberry to another company. A Mystery Company . That is coming up later. Facebook is about to sell video ads. It will sell the spots this week and they will play automatically regardless of whether users click on them. Thebook is trying to grab 66 billion that advertisers will be spending on u. S. Advertising and an official announcement could come today. Nasdaqjudge rules that has to face investor claims over its handling of the companies ipo. Investors allege they suffered 500 million in damages in the exchanges handling of the may, 2000 12 ipo. A clean audit for herbalife. Last threeof its fiscal years found no material changes. This marks another setback to Hedge Fund Manager bill ackman who called herbalife a pyramid scheme. He has lost 500 million wedding against the company. Betting against the company. Carl icon is on the other side of this. Bonuses are out at herbalife. It is bonus season and it has been ipo season all year long. We have another highprofile ipo this week. Amc is pricing tonight. That is next on bloomberg surveillance. Oncan watch interviews bloombergapp. Here is your homework for this morning schwarzman, on market makers. Before that, read the Matthew Levine perfect view article essay on blackstone group. And hilton hotels. It will explain why Steve Schwarzman is the smartest man on the planet and a great donor to the new york public library. That is later this morning on bloomberg television. This is bloomberg surveillance. We begin a twoday fed meeting today and Michael Mckee is week to give us perspective. Scarlet fu is with us as well. She fell asleep in a big red chair. I did that last night because i went to a Movie Theater and saw something on a big screen. You have kids, you do that anyway. The movie was way too loud. I went to go see captain phillips. It was not bad. Lets move on to the bigger picture. Moviegoers like me are sitting in the plush amc theater seats and their ticket fees are going to china. The company is owned it Company Owned by chinas third richest man and the company will go public. Amc is not one of the biggest ipos but one of the more interesting ones. Amc was bought in 2012 so that is a quick turnaround for 2. 6 billion. They raised more than 350 million. It is supposed to price after the close of trading today. Robberydy owns a conglomerate, hotels in china and other types of commercial properties and residential properties. He is also working on building a big movie studio city. Kind of a hollywood in china. This guy is interested in entertainment and interested in u. S. Entered tenement in particular. He is now bringing this company public. All of hollywood is gearing money toward the chinese audience. Not a lot of people realize this is a Company Owned by a chinese conglomerate and the chinese billionaire. There are many other chinese owned companies that we kind of tend to forget. Exactly, not as many as you might think. The acquisitions were done with some fanfare. Lenovo is one that comes to mind, buying the vc business from ibm. It is all branded lenovo. For three years after, they were still branded ibm and then they had this they of celebration where they peeled off the ibm stickers and put on the lenovo acquisitions. The smithfield acquisition is much more profile and more recent. Sausages was a national risk. They somehow made it through. The idea that julie talks about of the chinese coming in. We worry about computers and gasoline, is there a melding of this relationship with Chinese Business . There has to be at some point. Its an important market and in entertainment especially. The way american movies are made is essentially to appeal to overseas audience. S. It drives the Creative Process so it is important that those products are being consumed. If its owned by the chinese, that continues that encourages cooperation. Chinese audiences like bittersweet endings where there is a lot of drama and tragedy in the end. Talk about the other chinau. S. Deal. Becausee has not been of the obstacles between the u. S. And china, historically the smithfield deal might be a turning point was close in september after getting congressional scrutiny for the flow of pork between the u. S. And china. This is the 10 year look at yield flow between the u. S. And china. There have been about 700 deals and they were pretty sizable when you look at them altogether. These are the terminated deals, and oil andal, gas was an area of concern when it came to regulators and Congress Looking at that particular deal. Its a question of what kind of deals you will get going forward. A movie chain seems relatively innocuous. They are not going after lockheed martin, thank you so much. We have more to discuss. 78 is the percentage of nfl players that declare bankruptcy within five years of retiring from the nfl. We will discuss the business behind injured Football Players coming up on surveillance. If you missed our interviews, you watch them on apple tv. Morning, everyone, bloomberg surveillance. Its a quiet couple of days because of the fed meeting. We will start with europe. New car sales rose for the Third Straight month in november, the longest stretch of gains in three years. Sales are up 9 10 of one percent last month. Registrations in germany, france, and italy are falling or it car sales in europe were close the lowest levels since 1990. In the u. S. , Record Record number of people will be driving or flying over the holidays. Aaa predicts 94 Million People will take a trip of 50 miles or more. Is official holiday period one day longer than last year. Monday night football was last night and a 61yearold youll goal with one minute left lifted winbaltimore ravens to a over the detroit lions. It was the sixth field goal of the game for the ravens. He accounted for all the team points. Will Mohamed Elerian speak to us . He is a giant jets fan. That will not happen this year. The first super bowl in new york and neither team is in it. Kickers have a longer duration of career. Lets go to the morning must read. We will talk about obama care and the president talked desk is talking with tech executives. Will obama care fade . Honesty from washington. People still oppose the auto bailout even though those companies are back and making money. You wonder where we will be in 12 months. Is there anything the tech ceos can do to change things . They believe it is more than photo shoot. Thing inext big Silicon Valley is hiring women, next. Good morning, everyone. We are on apple tv and other tvs as well. Thank you for watching. Lets get to a data check. It is boring. Data check, three reds and a green. 2 00 p. M. Tomorrow, maybe the data will pick up. You have movers and losers . Herbalife is up 9. 5 . Bill ackman has been betting against it but herbalife says Price Waterhouse coopers says it found no changes in a reaudit going back to 2010. Givinge dropped 4. 5 back some of the previous sessions 8. 7 advance and sprint might make a bid. Interesting set of companies. Silicon valley is going through a change. Men have lost and dominated most companies. 3 4 of new hires have been men in that industry. Until now. In the past year, 60 of new hires at Tech Companies have been women. Does that matter . We have the cofounder of women 2. 0 and she joins us now. It is an interesting transition. We are told that it is almost impossible to develop Computer Games for little girls but when you get to the computer things that big girls use, that adults use, it is primarily women. This seems to be a tectonic shift. Right, the totally number when users on social networks are women. I like to think that technology is growing up. We are seeing tech infiltrate things like education and finance. That allows for other types of profiles to enter because its not just about building software. Funding is in education led by a woman. Is a business . Coming up on yes, we say software is eating the world. Are the women not being hired as programmers but more as sales and administrative . You cannot make that generalization. Some of the people at the top of these companies are still engineers. It is a mix of talents. Is it just that time is marching on and we have the idea of more women coming out of top programs . I think of marissa myers. Is one, i think that piece. Its also about the diversification of tech. Andn come out of education they think they can make a tech company. Been easier for women to move into management roles in technology than other industries . Startups arel, aristocratic. You have to have a good idea. If you have that together, there is a new dearth of investors. I can rattle off a number of investors that showed 20 of their founders are female. Are not a thought leader but you actually do something. Confabs go to all the and everyone hangs out, they are all tasteful in black what is the thing for next year for women in technology . It is just for them to have an opportunity to enter. They get in the door and prove themselves like everyone else. Absolutely, that levels the playing field. Who is emily white at snap chat . She was previously at instagram. She made her way up. Fromhes got Stock Options google, snap chat, instagram. She is sitting pretty right now. Executes markg zuckerbergs vision at facebook. You see her imprint on the facebook functions or is she doing what someone else envisioned . Thats a good point because the vision of a Company Comes from the founder. The changes that will come in the tech and a stable come from the founding level, not the investor level. You will see a different culture when there is a woman. Here is david brooks today this is a fabulous essay on thought leaders. Its true. You have a family shift, how do you fold that into what you see with women 2. 0. . Women are setting the culture the way they want to do it. Flexiblelves being where they need to go off and have a child. That has happened and industries across america as women have moved in. It happens for software and internet businesses in general, does it matter that women are in charge now . How will it change that . Its important because of what we talked about at the beginning. The numbers are staggering in terms of users and the number of people that buy products online. 72 of daily views on facebook or on women. Daily active users. Chat is 60 . You still here the controversy surrounding programmers but and that periodically pops up. It seems on social networks that Companies Get criticized. They say its bad for business. Its bad for business and its real. Thats still there and thats hard for diversification in terms of building products. That has to change and it is slowly changing from the top. When a female friend or is there, she is ceo and changes the culture. We talk about ecommerce changing toward women. What about a gender neutral tech segment like the cloud . Are we seeing more women there . We have not seen so much happening there just yet but women are leveraging their strength and realizing they are good at certain products of they can address their own audience. There is a way of niche businesses that could succeed. You come out of western ontario business school. Forbig is it to be in stem women within technology . It is huge. You dont have to be the engineer but if you can talk the talk and be able to direct an engineer to make things happen, that is the most important thing. Stay with us. Coming up next, what does blockbuster and blackberry happen, and . Our chart of the day is coming up next on on bloomberg television, streaming on your phone, your tablet, and bloomberg. Com. Good morning, bloomberg surveillance. She is the physical chemist from east germany and has had