A. M. Earnings are still coming. Coca cola. After the bell, panera. Lets get a data check. Stocks, bonds, currencies, commodities. Adam johnson will love a lot. Have a lot. The 10 year yield turns off of the weekend. Decidedly stronger euro we will talk about the yen. Oh what a winter it has been in the east. Nymex american crude. That get your attention. Here is a good the markets have been. Up foring to write that a chat on bloomberg businessweek. Out over its skis. 40. 56. En up to a 1 here is japan over the weekend. There is a spike up in japanese inflation and the major thing here is that the climb that does in real wages and japan they blow right through zero Percent Inflation in japan. Who would have thought . That is what they have been trying to accomplish for years and theyre finally getting it. Be careful what you wish for. We wished for a front page this morning. Tonya chen did a wonderful job. She did. A lot of talk about dealmaking among potential dealmaking. Dealmaking, potential dealmaking. This would be a very big deal. A big deal in pharmaceuticals. Activists looking to buy forest labs. This would be a 25 billion deal. Wise carl icahn always on the right side of trades . Arty dominates the chicken business. Already dominates the chicken business. That will make someone very happy with a plate of wings next year. The potential deal charter looking after losing out on Time Warner Cable. What are they going to do now that they lost . The magnitude of comcastTime Warner Cable is so large that the others are like so what . Cox thatrter boought would be it is something. You have to consolidate to get more, right . I am baffled by the pushback from washington. Stocks here in the u. S. And europe are fairly quiet. You are talking about what happened in japan. The gdp number gdp rising a 1 . They have been trying desperately to grow the economy in japan. That is a huge session. 3. 1 was the gain overnight in japan. Moving on, bringing it right back to the u. S. , republicans planning to put their bigticket legislation items on the shelf. It is hard to get anything done in washington. Immigration, tax reform, you name it. This has been a slow threeday weekend. This was the news item, wasnt it . , itot that it is new news appeared last week that speaker banner had pulled a rabbit out of Speaker John Boehner had pulled a rabbit out of his hat about immigration legislation. Doug stamper would know. Everyone cards watched this weekend. Except our guest host this hour. David plouffe. You have not seen it, have you . We will start season to this weekend. I am honored to ask this question. What does the silliness look like to you . Do you lean forward, riveted . When i first started watching i was skeptical. I think people enjoy it. Washington does not act that way. You mean it is not that nasty . People dont kill each other . Full disclosure, i am not up to speed on this. Is Claire Underwood in washington . I do not think so. I do not think Frank Underwood is in washington. There were elements. But that whole character, no. Back to the gop. What is the gop going to look like over the next six months . Their plan for corners. Cornersare playing for four corners. They are trying to run the clock out. Senator mccain, who knows better than others, said you are not going to get Immigration Reform done in 2015. We could be looking at years before Immigration Reform is done, sadly. As anshrunk down administrator in washington thister the selection election, you will see another runup to immigration. It is hard to pass immigration when all the energy is in the tea party. They say, we do not want to disturb anything. I wasnt sure there was any energy in the Republican Party at all. Is it just spoiler . When the president ial primary is going on next year and you are in iowa and south carolina, those tend to be the most conservative voters in the country. That is why will make it tough. That they changed the conversation, they kept it on obamacare. Isnt that all voters are going to care about in 2014 and november . We have had the rollout in the rollout did not work. It did notaying, yes work, but we like it. People are sick and tired of the health care debate. Want washington to focus on jobs, on the economy. They see this is somewhat of a distraction. Even if they actually do on doing thing from your Democrat Party perspective, is Chris Christie toast . Does jeb bush comeback . I dont think he is toast at all. Up, he isry holds basically on probation right now. If there was another incident, it could really cost them. Maybe he learns his lesson early. Running for president is the most grueling obstacle in the world. Someone is going to occupy that center right lane. Are theristie, jeb bush top candidates right now. Versus the tea party candidates. Lets come back. David plus with us David Plouffe with us. As we begin a four day workweek. New abouts at hp autonomys accounting methods before it was exposed to practices. Hb managers were alerted to autonomys practices to selling hardware at a loss before they bought it. Deal for Time Warner Cable hits netflix. There was another competition for Netflix Comcast is focusing on increasing movie downloads and rentals with its own box platform. The website for the Las Vegas Sands is back up and running. Hackers knocked it offline for a week. That is todays company news. Hacking, we cannot seem to get away from it. It is the word of the moment. When we come back, and other hacking, crowd funding site. Kickstart or is the latest target. Kickstarter is the latest target. Dont go anywhere. Good morning, everyone. Bloomberg surveillance. Hemndry on the olympics. On inequalityork in america. That is coming up. Bloomberg surveillance. I am tom keene with adam johnson and alix steel. You see our new data screen. I love it. Thank you to our data team for working on it. Boy are those readable to keep you up on the market. Equities, bonds, currencies, commodities. Lets look at hacking . Not like snowden hacking. Las vegas sands. Kickstarter they have all been hacked. There is a bit of a discrepancy. David plouffe can help us understand this. When it comes to individuals, the nsa is all over us. When it comes to hacking corporations, somehow the fbi is curiously absent. Why this discrepancy . Unless you are talking to a yemeni bomb maker, you have nothing to worry about in terms of the government. There are things washington can helpful to allow more collaboration between the private sector and the government. The fbi is involved in these investigations. The companies have to take steps year. Here. Most of the private sector is years behind the hacking community. You are looking at companies that are unwilling to come forth with the information because it is a negative pr grab. Look at target. This cooperation between the fbi and companies, arent we all continually at risk . I think so. I think you will see more and more Companies Make the decision to be transparent. People get furious. Once target got ahead of it, they were doing a pretty good job of it. We are showing fewer some of the companies that have been hacked. Target, so crowed, silk road, mt. Gox. Nursing homes are also at risk of being hacked. They can still your medical information. You would think that getting democrats and republicans together and figuring out a Cyber Security bill is the one thing they can all agree on. What is hoping it up . This was about a year ago, there was a big push back from the private sector, saying that they were worried about the government being overly involved. It is clear that the hackers are ahead of the companies. In 2008, we were hacked in our campaign. We were completely dependent on people going on our website, volunteering, providing money. If it got out that we got hacked, we were worried what that would do. That is the companies are worried about. Owehe end of the day, you it to your customers to say the reciprocal here, here is how we are dealing with it. We are behind right now. Did you read the New York Times article . I dont know if you sought. Saw it. We have Government Experts going to him to see information. One man seems to be in the underbelly of the Eastern European mafia when it comes to hacking and nobody else is. We talk about having a surge. We need a search year, a massive surge, a global surge. Who should lead that surge . The government is going to have to play a lead role, not just your, globally. The private sector is going to have to share information. You almost want to have a 24 7 alert situation. One more sign that the economy is Getting Better is married couples can now afford to divorce. I dont know if this is depressing or a positive. It is liberating. The divorce rate has risen for the third year in a row. Droppeder of divorcees by about a third during the recession. How can you afford to get divorced when you cant afford to rent a new apartment . Snarlingt how tom is as you are saying that, alix. Afford, afford, afford. Now i feel better. In all seriousness, it does wind up creating new households. You have more demand for housing, home furnishing, you will go out on dating services. Right . Tom, is that what you are doing . Thomas stuck on the word afford. Is stuck on the word afford. I am not going there. Hopefully, i will not be in that situation. Coming up, the former us andn of ubs will join talk about the u. S. Economy, how we can get it back on track. You are watching bloomberg surveillance. Streaming live on your tablet, phone, and bloomberg. Com. Here with David Plouffe. Good morning, everyone. Bloomberg surveillance. I am tom keene. Steel, adam johnson. Scarlet fu is off the entire week. Adam johnson has our top headlines. In thailand, two people were killed. This was in bangkok. One of the dead, a police officer. He was shot. Protesters threw grenades and fired on police. Protesters are calling for political reforms. The man designated the next Prime Minister of italy is trying to build support. Renzi is trying to build support. He forced out the former Prime Minister. This was last week after the current Prime Minister served just 10 months as Prime Minister. Jimmy fallon making his debut as host of the tonight show. He welcomed will smith and u2. It marked the return of the tonight show to new york, after 42 years on the west coast. The show was being taped at nbcs Rockefeller Center studios. Did anybody watch it . I was in bed at 8 45. And that was late. 7 00 p. M. Early bird special. Swear to god. No. Good Early Morning to all of you in los angeles. Lets get to our morning mustread. Larry summers. A great oped. America risks becoming a down ton abbey economy. The idea of helping income inequality is nothing new. He lays out ideas about how to reform the Corporate Tax code. Sets up the polarity between the two parties. Goid, this issue does not away. Will this be the front and center issue as we go to november of 2016 . For the president ial race, certainly. You have to do with getting more growth and more jobs. Beyond that, the aspirational need is the right kind of jobs. This is not about redistribution. This is lifting us up who want to get into the middle class. And Economic Growth do that . It can. Getting 3. 5 . That does have economic impact. Personal tax code is a mess. What about the Corporate Tax code . It is crazy. Agreement thatad we need to do something. This is something that has to get done. If it gets done five or six years from now, we will pay a big price for that. There is no doubt the people at the upper income spectrum take advantage of the way that hurts the rest of us. Here is a number for you. Rs, average lifespan of an american. You expect to get Social Security . Good morning, everyone. Bloomberg surveillance. Scarlet fu demanded the week off. Lets do a data check. Stocks, bonds, currencies, commodities. A quiet weekend except for japan. Eurodollar stronger. Yen weaker. Japan with a real turn. Churn. We will talk about that. Nymex crude, 101. 21. It is a nebraska kind of winter. Unforgiving winter. Unforgiving. Here is something unforgivable, not playing candy crush. The very popular iphone app is potentially going to file an ipo. Youve got to be in on this action, tom. If theres only one new store you focus on this morning, the ipo off of one game. Why couldnt we have just created a game . This game is a big deal. It could be valued between 5 billion and 7 billion. It is hard to fathom that it generates over 1 million of revenue per day. It is brilliant. It shuts off after four games and you have to buy more. I am going with it. I have never played it. Others have with my ipad that was completely covered with ritz crackers this weekend. How do they do that . Crush the ritz crackers onto the ipad in three minutes. Retirement planning in america. In 10 americans are behind the eight ball. We do not save enough. We are living longer. Morning is the former governor, the former senator from nebraska. It has not worked out so well. Has it . It has and it has not. You have seen success of individuals taking charge of their retirement systems. The decline in definedbenefit programs available at the work face workplace is not been met with an increase in the individuals capacity to save on their own. Massively. Massively. Within your panel today im a your seminar on the longevity that we face, is at a Tipping Point or part of the continuing . News,re is a lot of good in terms of People Living longer, they are healthier, more active in retirement. The Retirement Savings challenge has gone to being a philosophy challenge. You have people who are thinking about, what do i want to do with this longevity bonus . How do i want to spend this time . They are working to make up for that lack of security. None of us are going to retire. Are you seeing in your statistics and planning . They are working longer. Of boomers who are telling us that they want to continue to work. You see people doing more information worker jobs. I have a casket out behind bloomberg radio. They are just going to roll me into it. You do have examples of who have ramped up their savings overlong period of time and are in relatively good faith. Because it is a voluntary system, you have significant numbers of people who have not. Reversedert itself on one of the most important pieces of the debt ceiling feel. Deal. It was a very good fiscal policy. The insecurity people feel and retirement contributed to that reversal. As an indicator of the difficulty in solving this problem. How much is low Interest Rates the problem here . Low Interest Rates are a contributor. We have not prized savings as a society, as many other societies have around the world. We have trailed most of our competitors by 700 basis points. We like to buy as americans. I just want to buy it. And i can do it on credit. Mentalitychange the where we put a premium on savings . Changent think you can that mentality in a voluntary way, personally. Look at Social Security. When Social Security passed the senate, it was a voluntary system. Imagine what wouldve happened if it had been voluntary. If you wait until you are 50 years old and say, i have not saved enough. Up the mosten important variable, the length of time youre saving. We are not even where you are automatically in the plan and you opt out of the plan if you choose. Why can we get that done . Cant we get that done . The politics are enormously complex. If you look at any of these issues politically, touching medicare, Social Security, they fared terribly. The sum is greater than its parts. If congress got together and did something to provide stability to younger workers, even though they are component parts, i think it would sell politically. Benefits tothe People Living longer . They might work longer, then you have more families, they can pass on their wealth to their kids. Is there something positive . I think you can underestimate the fact that there are now several decades more of lives that people have. They live very rich lives, they are engaged with people, their friends, family much longer. As an economic force, the intellectual capital that will the workers represent that the u. S. Is uniquely able to capitalize on because our companies are very flexible, that is a competitive advantage for the u. S. Economy going forward. I have got to ask senator kerry, Frank Underwood . Are you watching house of cards . There are no medal of honor winners in the show. Howt is closer to washington operates than anything i have seen on television. We will quote you on that. That is her twitter question of the day. What would you rather watch the olympics or house of cards . Spoiler alert spoiler alert plug your ears. What would you rather watch house of cards or the olympics . We are watching house of cards. Speed under armours suits slowdown the u. S. . That is the conversation coming up here on bloomberg surveillance. Streaming on bloomberg. Com, your tablet, your phone. Good morning, everyone. Bloomberg surveillance. Adam has the top headlines. A surprise slowdown for inflation in the u. K. The droplets inflation below the bank of englands 2 target for the first time in more than four years. Car sales rose in europe. 5. 2 . Volkswagen,ith ford. Carrebound comes after sales fell to the lowest levels since 1995 that was last year. Numbergo movie kept its one movie. I saw American Hustle. Movie hase lego top spot. He a rave review. He wa