Im france in the quad. Lam francine the quad qua lets begin with our top court story. Lets begin with our top story. Peugeot will have profits and cash flow. Caroline hyde joins us now. Talk to us about the events related to peugeot over the last six ivan 12 months. This assiduity events occurring in latin america and russia. 1. 1 billion euros is where the hate is coming. The hate is coming. Hit is coming. The fact is that the peso is going to three percent and the russian ruble has weakened 12 . These nations are going to be significantly head. To weakness in the currency and the Overall Force of markets. That is where the challenges are stemming from. Is the savings theyre getting from General Motors and the relationship. It is 40 less. They told us it would be to win dollars in 2016. Now, that is downgraded to 1. 2 billion by 2018. Clearly that is a move that theyre making to try to ease into the problems and the cash burden that the half. It is not paying off in the way that people want. Dominated why no are buying the cars. That is the crux of the problem. It is relate to the european economy and that is very tough. What do you tell investors . Into the are buying story. It is more than doubled. What theyre trying to tell us is that they will have a cash burden by next year and the cash burden will be half. He will try to ease these exchange rates. It is cyclical and they will try to offset that. They also commented that it will show up and the finances. That is not music to the investors years. Thatreported yesterday they are issuing 34,000,000,000 euros. What is key for investors is the partnership. They will get less exposed to europe and asia. Still no update. They say that they have talked to the chinese Promotional Company at the limoneira state. They have a potential at the pulmonary stage. Preliminary stage. They have to have a cover next year. Thank you so much. They have doubled since the beginning of the year. In the last three or four weeks it dipped sharply. Caroline hyde is there. This is what were focusing on, as well. Is at 20 boxes share and raising 2. 5 billion. But manus cranny has more. Are investors getting question a pretty good deal. Getting . A pretty good deal. Anyou are in investor, investor, what effect they took the Waldorf Alstom area waldorf what if they took the waldorf of story a astoria . Of growth. L story chinare on the make in and a well run franchise. They will keep 76 of the company, fran. They will stick with that for many years. There is a beautiful acronym that they like to use. The revenue for the available room is rising. Economically and from a real estate point of view, having this strategy layers the cake beautifully with interest rates. It saves them versus some of their rivals. They have taken considerable energy to make the deal work. Survived 2007 and we know what happened after that. Credit collapse. Hindsight is a wonderful thing. They get it at the top of the market and they have pedigree in this business. They have portfolios under their belts. What they did with this deal was smart, smart, restructuring. They bought back some of the debt and loans. They rebalance the portfolios. They have gone from a very myopic view to a very global view few stop view. , youu are an institution will have a portfolio. Do you want hilton or do you want marriott . Where do you think you will get the buck . We will see where do you think you will get your best bang for the buck . That is the executive will be on Bloomberg Television later on today. It will be fascinating. The conversation comes about 3 00, london time. President putin is giving his annual speech to parliament as we speak. He is talking about the constitution and Ryan Chilcote joins us with the latest. What has he been saying so far and what to expect him to say that will radically change the way that the russian constitution is Going Forward . This is a big speech. What could wants is what prudent gets is what prudent gets. Putin gets. He wants to see them come back unsure and he says the companies that are registered outside of cyprus and russia will not get Government Support in the future and that their owners must a russian tax. They point out the deal. Theaid, why is it that russian oligarchs who teamed up the bp and the buyer, Russian State Oil company, almost all the people involved are russian and the deal goes down in cyprus. He doesnt want to be involved in that. It is interesting to see if you put some action behind that. Is a talkse things inut a big prison amnesty russia in as many as 50,000 to 100,000 people being released from russian prisons. Many of them are in them for economic crimes. Investors say that they need to be released to liberalize the atmosphere. Saysoking to see what he about the ukraine. The ukraine may find the Russian Customs Union very appealing. He says they will not impose their will and the ukraine can , whether itit wants joins the eu free trade pact or the Russian Customs Union. To stay with the subject of the ukraine, we have breaking news. Saysu foreignpolicy chief that she has signed the eu trade agreement. They have the association of the eu membership at the group loss last meeting at the groupon meeting at the groups last meeting. Theyll be a little bit of a turnaround. We will see if mr. Putin is aware of the news as he makes his comment. We will see if they can give us some comments and update is in the details. The bank of israel governor is set to take the number two spot. President obama has artie offered in the job. Elliott gotkine has more. It is surprising in the sense that youd expect the United States to appoint someone. Fisher just finished working for the bank of israel. It is not surprising when you look at his credentials. He was at the bank of israel during the financial crisis and help them whether their storm better than any other Financial Bank around the world. He is a trailblazer and cut rates of ahead of everyone else. Busloads of foreign currency to insulate from the strengthening shackle. Mentor to ben bernanke and taught larry summers. This is a man was serious good stuff on his cv. Visit the grownup of the central banking world. Lets talk about him if he is approved. He is a decisive central banker. Very decisive. Janet yellen will be approved and she will be the top person there. He has crisis fighting experience. He is not a huge fan of forward guidance. He says they should not try to influence peoples decision by giving forward guidance. They should come forward and say what is going on. Tapering the that Bond Buying Program should be done sooner that rather than later. He reduced his own power and the bank of israel by allowing it to be decided by committee instead of one person. Im sure his experience and be very much like this. Thank you very much for the very latest from tel aviv. We have the shares today. They have confirmed that they are in talks with Liberty Global. A proposal that was called inadequate stop investors spent 400 million on sanction violations. The violated station programs. Rbs says that they will comply. Pay to resolve investigations into whether the institution ignored signs of the bernie made off ponzi scheme. It includes a deferred prosecution agreement. Ipo. Ming up, the record we are expecting this hour and we are looking ahead. We have the guide. We are joined next. Welcome back. Lets talk about travel. The largest operator set an industry record by pricing their business at three point 5 billion. The ipo is a major event. 3. 5 billion. The ipo is a major event. This is coming from the increase in passengers. Ahead to the coming year. We are joined by the ceo for europe. Concierge. Bers only good morning and thank you very much. Your painting a credit an incredibly positive take sure. It is to a point. I can see a lot of further progress. Value travel. It can enhance their lifestyle it is chaos. It is chaotic. It is suspending kids inheritance. Right. Im looking forward. When you look at the travel trends that you are saying, you look at the way people are spending inheritance money, how will they spend in 2014 . They have the Technology Front that is similar to the other market brands. Theres a certain element that is online and offline. People are looking between the two. It is immensely competitive and theres a huge variety. People love the variety. As the recovery occurs, will people travel more . Well be looking spending . Im wondering how the Economic Trends affect the way your business operates . The quintessential point of view is the upper trend of the market. They tend to value travel and exploring further around the world. What are the key things that people are looking for . Oleary says that we need to focus more on service. Service is important and we need more competition. There is Continual Growth in the markets and there are new properties coming on at every new resort. Theyre all face it chasing customers. It is extremely important to them. Where do you see your business in 2014 . New hubs anding making it easier for us to travel around the world. You are aware the key destination. There is a lot of accessibility. It is stronger and the caribbean and Southeast Asian areas. It is popular this time of year. A lot people are looking to have highquality ski resorts. You are not going off the beaten track. These are people who are and ag for destination once in a lifetime episode. The second thing is that we are going to unusual destinations and where they want to be overwhelmed. They have places where people want to be wowed . Im not sure the environment is happy with that. Will do that for another day. I to you. What is the wow factor hotel that we will look at . What you have the w hotel and that will be launched and recently opened. A private island in the maltese which be a six star property. It will appeal to people who want to get away. Indeed. Nice to see you. Andquintessential Lifestyle Travel group. We will continue the conversation. That conversation comes up in the next hour. Still to come, the bloomberg exclusive. We are joined in the studio to talk to dod transfer. Viacom Paramount Pictures has a picture of this month and we get ron burgundy. How are you . Black. Black. Lack. Job. Ian lost his welcome back. It is time for hot shots. We have a few nice things to show you from around the world. Pretty cool pictures. The busted out the best move for the cut savoring what world finals. They beat out the twotime world champion. He got his first ever win. The east asian game began with a bang in myanmar. It included technical almonds. Elements. Oh yeah. Some people cannot be happy with one Guinness World record. A german daredevil aim for two. First, he got a record and then he got the record for the most arts caught in a hand. How did he think of this . I think it is interesting. The fact that he and artie drank them. That is the way you do the darts. You have to drink another champagne. Moving on . Yes. Yes. There is no way to follow that. In terms of equity, markets have declines. They have not seen a movement in equities. Months close in two in two months. There is only one word, i will bore you to death. Taper. We go to jerod. 157. 80. This comes through for the european revenue. You see that you joe story today the two joe story today ot story today. E the equity number there is 2 10 of one percent. That show is green. It is flat at the moment. It is flat at the moment. Let sherry the dollar dollar. S show you the lulu show you the headlines that have not been seen since 2000 we will show you the atlanta have not been seen since 2009. Thank you very much indeed. Up next, the Company Behind mtv. Viacom has big plans. Johnson and francine is at t. Welcome back. Were live from bloombergs European Headquarters in london. Vladimir putin has given his annual speech to parliament. Called by domestic factors in the ukraine and president clinton says that he sees no contradiction in the participation in the union and europe. Next years stress test will be more than previous exercises. The former president said that he will not hesitate. 130 lenders. Ave of israel governor, Stanley Fischer is the top choice for the dead chairman. A person Federal Reserve chairman. A person who is familiar with they affair said the job was given to fischer and he accepted it. Over to you. Lets change gears. You may have noticed that ron burgundy has been everywhere. Paramount pictures launched their pr blitz before anchorman releases this month. We look at whether anchorman os Gold Campaign anchorman 2 Bold Campaign is paying off. Sequelorman may spawn a that will be the comedy head of the Holiday Season. How did this happen . Lets get the obvious out of the way. Became acked funny and cold classic on dvd and netflix. I do not know if it is any good. I have not seen it yet. Already, it is a marketing juggernaut. In the year and a half it was announced, there has been a game, a book, a mobile they even rename the college. Renamed a college. This is ron burgundy reporting for years pn or espn. Spn for artie makes e already makes. Will ferrell is genetically engineered to play ron burgundy. I love scotch. You put in the world and beloved. We love that there is an ice cream flavor about him. I guess anchorman to could tank. It probably wont. Because of that, there will be lots of other movies. A strategy does not work unless you have the goods. Hide up with this, but i am a big deal. Push this know how to , but im a big deal. Behinde is a media giant paramount. Joining us now to discuss the the ceo and president of International Media network. Im looking forward to seeing the film. The point that was made about the package was that this epitomizes the digital story that is developing and they are good at understanding the digital environment. The digital story is disrupting our business. What happens next year and how are you positioned for the revolution we are enjoying . Day, ite end of the starts and ends with great content. What you see with anchorman is great content. Is an incredibly engaging character. Great buzz about the film. And have been confidently aggressively marketing it. Saw, thisthe clip you is something they are managing and have done a fantastic marketing. This would be the most consumed ema ever. That is an important statement. We live in a multiplatform world. If you are a 21stcentury content company. Use whaty, you need to platforms. They focused tremendous resource on that. Overcooked the ron burgundy character only comes along once every decade and is largerthanlife. We consume content every day. How is that content as good as ron burgundy on digital . We look at it and we think we are in a world where there is seeingmedia and television on multiple platforms through the wide ramp web and mobile. You talk of additional and the social networks, that is where people gather to talk about certainly, entertainment content is at the top of that. Find the ema show at the top of it when we are running in amsterdam and you find anchorman heavily ranked as a twitter topic. That is part of the entertainment consumption cycle. Used on to be integrated basis and that is what we focus on. A tv studioto build expensive. Ution is there are cables and you look it up to the internet. Argue that you can create a great piece of content and we have seen some things that are going viral and getting viewed around the world. On a day and, day out basis, we thebearish and we look at Cable Network portfolio and the multichannel for folio. And there my glitches is a semblance of the economy. A portfolio like that is an undertaking and we will continue to oversaturated. There is execution and it comes down to integrating multiple pieces. With the produce a film and market the Television Show and news studios. They do things on the web. That is about execution. But if you can get him in the studio, i would be very happy. Im sure you could. With fivere a lot comp. We talk about destructors and what do we had to get right for 2014 . Is it more integration on twitter . There are more competitors out there than you thought two years ago. What do you want to not miss the boat on . Everyone in the consumer oriented businesses wants time howit is the one game of you get more of their time and attention. Whether it is movies or in front of a device. We are focused on research. Think, as a Media Network company, we do more research than anyone in the world and we research our key demographics. Ourave a demographic around nickelodeon brand and a young adult demographic around our comedy central. We asked them what they want and how they want. That is right to maintaining your shares with them. You look at websites all the time and Young Companies that come up quickly. Still, are there two or three at the top of your list that are of worthy . Your Business Model im interested to know what companies you look at when you judge a get a sense of where you are going. We have people around the world looking at this and i think it is not about any one particular company and saying, all yeah, theres the odd additional thing of the moment. You see, you see companies coming up and you see them lighting. The more important thing is that you watch what is going on and use the word fast follower and you use the same techniques. Weather is interacting with or using twitter products on advertising basis, you have to do all these things and it is not about the one hot thing. Twice when you strategize and about the stuff, the stuff gets builtin pretty fast. You worry about if you are moving quickly enough. Not something where time is your friend. If you move quickly, you have tremendous opportunity. But thank you so much for now. Bob stays with us and will ask about what were watching as we take on the mnj sector. Will bring you the chief executive and talk about