i am pimm fox, in for mark crumpton. when it comes to commercial real estate, ditch new york and washington d.c. he is on the road to places like houston, austin, and dallas-fort worth for bargains. thanks for being here. happy new year. let's talk about real estate and the idea that it is a little too expensive for businesses to locate in places like new york and washington, d.c. >> not terrible for investors, but prices have gotten high. investors are looking at places like houston and denver and raleigh-durham. >> what qualifies as high when you talk about real estate prices per square foot? >> it really depends on your yield expectation and you're holding period. when you get into thousands of dollars per square foot, for apartments or office buildings, investors look at the cost. do i really want to hold as long enough to get the return i want? houston is less expensive, you'll is better employment is better, the demographics look better. >> so you say houston, places like dallas and austin. does it have anything to

pimm fox, what do you got? >> $758,000. the brand value, brand exposure value all because of the replays of bill belichick's new england patriots press conference. when they do the hashtag for twitter. flexball. >> flexball? it's about deflategate, and it's flexball? did the geniuses say that this may not be the best thing to stand in front of. >> they might be looking in the wrong direction. >> do you think bill belichick knew it was behind him? >> that is why companies pay the big money, to have their logos featured behind the sports stars . they don't necessarily think that it's going to be about good news. >> sergeant schultz, i did not see anything. it did not know that the balls were deflated. >> the three monkeys, right? they don't know what happened. >> pimm fox, thank you very much. get the headlines all the time of bloomberg.com and bloomberg radio. ♪

"bottom line" is coming up the top of the hour and pimm fox is filling in for mark crumpton. >> it's not the app. that's very good, well done an interesting. coming up on oh quote bottom line" -we will speak with michael purvis. the money managers that try to get it right last you're coming he is one the did. we will find out what he thinks for this year. also, we will talk about latin america, the second term president, she was sworn in yesterday and how do she deal with a corruption scandal and cutting back on pensions and slow growth so she has challenges out of or her. maybe argentina will come back to the debt markets are they can do a deal with hedge funds and we will talk about commercial real estate. we've got an expert who says you don't necessarily want to look at places like new york or washington because they are too expensive. we will to you where some decent commercial real estate is for your investments. or bicycle riding for that matter. >> good information and we will see you in a little bit. tens of thousands of led lights along the san francisco bay bridge were sai

pimm fox and scarlet fu are joining me today. let's continue with number 4 -- who took an uber over new year's eve? >> some people even got the e-mail about their pricing. >> uber had a surge price warning. i did not get it. >> you needed to avoid getting it between 12:30 p.m. and 2:00 a.m. is when it was most expensive. they were expecting to get complaints. >> it sounds as if there were people who used mover despite the price warnings but there were also some complications. >> many people were scared off. there was an article saying potential writers were scared up high the price surges so there was a lot of lyft cars in the neighborhood but overall, too many cars, too few passengers and drivers complaining about low prices. >> they work until 5:00 a.m. and this was the big day. it was a very busy day for the drivers. >> number three, it's always busy at starbucks and they are trying to lure serious coffee drinkers bite offering the flat white. >> do you like coffee? >> not really. >> i looked it up and it's a double espresso w

." ♪ >> hello, i'm pimm fox and this is what i am "taking stock" on this tuesday, january 6, 2015. the s&p 500 fell for the fifth straight trading session and marks its longest losing streak in over a year. crude oil prices also fell sliding over 4% to just over $40 a barrel. lower gasoline prices are helping the automobile industry. vehicles, particularly driverless cars, are featured at this year's consumer-electronics show in las vegas. they are being described as a rolling luxu

." ♪ >> hello, i'm pimm fox and this is what i am "taking stock" on this tuesday, january 6, 2015. the s&p 500 fell for the fifth straight trading session and marks its longest losing streak in over a year. crude oil prices also fell sliding over 4% to just over $40 a barrel. lower gasoline prices are helping the automobile industry. vehicles, particularly driverless cars, are featured at this year's consumer-electronics show in las vegas. they are being described as a rolling luxury

. ♪ >> hello, i'm pimm fox and this is what i am taking stock of on this january 5, 2015 -- crude oil below $50 an hour, and an almost nine year low against the dollar. the market was bound to reflect the price decline and concerns over greece. >> the markets needs to pay homage or recognize these problems. if anything, this will put pressure on european leadership. >> today on bloomberg surveillance, he sees the trouble throughout europe.

. ♪ >> hello, i'm pimm fox, and this is what i am "taking stock" of on this january 12, 2015. crude fell more than 5% after goldman sachs forecast it would trade at $41 a barrel in three months. u.s. stock followed oil decline losing less than 1%. lower gasoline prices are prodding consumers to consider buying bigger and less fuel-efficient automobiles, but that did not prevent gm from unveiling a new chevy volt hybrid in detroit today. the general motors executive told matt miller that gm must offer a wide range of models.

i am pimm fox. bill gates and his wife will give the progress report on how he and his wife are changing the world. the markets are washing central banks. -- watching. intech, pc pioneer michael dell sees the future of technology, but it is from the snowcap

. ♪ >> hello, i'm pimm fox and this is what i am taking stock of on this january 5 2015 -- crude oil below $50 an hour, and an almost nine year low against the dollar. the market was bound to reflect the price decline and concerns over greece. >> the markets needs to pay homage or recognize these problems. if anything, this will put pressure on european leadership. >> today on bloomberg

. ♪ >> hello, i'm pimm fox and this is what i am "taking stock" of on this generate 12, 2015. crude fell more than 5% after goldman sachs forecast it would trade at $41 a barrel in three months. u.s. stock followed oil decline losing less than 1%. lower gasoline prices are putting consumers to consider buying bigger and less fuel-efficient automobiles, but that did not prevent gm from unveiling a new chevy volt hybrid in detroit today. the general motors

. ♪ >> hello i am pimm fox in this is what i am taking stock up on this wednesday, january 21st. mario draghi and the european central bank expect it to unveil a $1.3 trillion economic rescue plan. according to two euro bank officials, they will propose spending 50 billion euros per month through next year. the private equity firm blackstone reacted to the report of qe european-style. >> compromise probably a little low. to have the impact that many people will feel is necessary, but we will see and

. ♪ >> hello, i'm pimm fox. and this is what i am taking stock of for this tuesday, january 13, 2015. stock prices were up more than 1.5%. the index finished down a quarter of a percent. homebuilder stocks were part of the climb. gopro stock also dropped after a report apple was granted a patent for a remote control camera system. investors feel that apple will create a similar product to go pro cameras. and not too big to fail.

. ♪ >> hello, i'm pimm fox and this is what i'm taking stock of on thursday, january 20 2, 2015. the european central bank has unveiled a 1.3 trillion dollar bond buying plan to provide eurozone economies. mario draghi pledged to buy 60 billion euros worth. following the report, the s&p 500 erased its losses for the year but the euro fell to 111 year low against the u.s. dollar. larry thanks says to expect the euro currency to stay week. >> it will keep the euro week and i think a weakened euro will allow europ

." ♪ >> i am mark crumpton, infra pimm fox. this is what i'm taking stock of on thursday, genuflecting to my 2015 -- january 15 2015. the bank unexpectedly scrapped its three-year policy of capping the swiss franc against the euro. at one point the franc appreciated to the strongest level on record. professor jeremy siegel on today positive event. >> the euro has gone down and might go down even more. swiss central says i'm not going to tie my ship to a sinking boat. >>

. ♪ >> hello, i am pimm fox in this is what i am taking stock up on this wednesday, january 21st. mario draghi and the european central bank expect it to unveil a $1.3 trillion economic rescue plan. according to two euro bank officials, they will propose spending 50 billion euros per month through next year. the private equity firm blackstone reacted to the report of qe european-style. >> compromise probably a little low. to hav

. ♪ >> hello, i'm pimm fox and this is what i am "taking stock of on this day. the bulls gain the upper hand at the open and the bears jump ahead followed by fires at the close. as a low of the day, the s&p 500 was down nearly 2% before prices moved up higher and stocks ended down. billionaire activists bill ackman says market volatility is positive. >> i think it's a favorable environment for what we do. >> despite the volatility? >> volatilities it good thing. if you

. ♪ ♪ >> i am pimm fox, and "taking stock" for january 9, 2015. suspects in two terror attacks in paris were killed in police raids today. this concludes a week in which 17 people, including four hostages, were killed by terrorists. president francois hollande of france says his country must be united during this time. >> i want to call you all to be vigilant, to remain united and mobilized. vigilance is something the state must demonstrate. >> president obama reiterated that the united states stands with france.

. ♪ >> hello i am pimm fox and this is what i am taking stock on this monday, january 20 6, 2015. the first lizard of the year is bearing down. the storms intensities forecast to increase with snow falling in some regions at four inches per hour. a state of emergency has been declared in new york my new jersey, and connecticut. thousands of flights have been canceled while rail and bus transport is shut down. chris christie says the state is prepared. >> i have had double-digit states of emergency imposed on for snow, we have had hurricane irene and hurricane sandy

fox and this is what i am taking stock on this monday, january 26 2015. the first blizzard of the year is bearing down. the storm's intensity is forecast to increase with snow falling in some regions at four inches per hour. a state of emergency has been declared in new york, new jersey, and connecticut. thousands of flights have been canceled while rail and bus transport is shut down. chris christie says the state is prepared. >> i have had double-digit states of emergency imposed on for snow, we have had hurricane irene and hurricane sandy. for better or for worse, we know

up next, "taking >> hello, i'm pimm fox, and this is what i am "taking stock" of on this day. the bulls gain the upper hand at the open and the bears jump ahead followed by fires at the close. as a low of the day, the s&p 500 was down nearly 2% before prices moved up higher and stocks ended down. billionaire activists bill ackman says market volatility is positive. >> i think it's a favorable environment for what we do. >> despite the volatility? >> volatilities it good thing. if you are a long turn investor, volatility is a positive.

. ♪ ♪ >> i am pimm fox, and "taking stock" for january 9, 2015. suspects in two terror attacks in paris were killed in police raids today. this concludes a week in which 17 people, including four hostages, were killed by terrorists. president francois hollande of france says his country must be united during this time. >> i want to call you all to be vigilant, to remain united and mobilized. vigilance is something the state must demonstrate. >> president obama reiterated that the united

. ♪ >> hello, i'm pimm fox. this is what i'm taking stock of -- the manhunt intensifies for the gun men responsible for the massacre of 12 people in paris yesterday. former new york city mayor rudy giuliani says catching the gunman will take a global effort. >> they will need a great deal of international cooperation. we don't know where these people receive their training. there is no question these were fairly professional operatives. >> richard hoss,

♪ >> i am mark crumpton in for pimm fox. this is what i'm taking stock off on friday, january 16, 2015. president obama and david cameron held a joint news conference today and provided a united front in fighting terrorism. >> we have seen appalling attacks in paris in nigeria. the world is a sickened by this terrorism. we will not be standing alone in this fight. >> russia had its credit rating cut by moody's. the agency says the country may be cut further.

. ♪ >> hello, i'm pimm fox. in this is what i am taking stock of for this tuesday, january 13, 2015. oil prices rally. in the index finished down a quarter of a percent. gopro stock also dropped after a report apple was granted a patent for a remote control camera system. investors feel that apple will create

. ♪ >> i'm matt miller in for pimm fox. this is what i am taking doc on this tuesday, january 20 -- taking stock of on this tuesday cheney ray 20th, 2015. netflix reported fourth-quarter subscriber growth that beat analyst estimates. ibm also out with its results. big blue stock is down in late day trading. his forecast met the low end those estimates. and morgan stanley profits missed due to revenue decline in bond

. ♪ >> hello, i'm pimm fox, this is what i'm taking stock of this january 29 2015. a trifecta of earning reports from google, amazon and video is a. google's fourth quarter steals missed analysts' estimates. amazon shares are rising in the after-hours trade. they reported profit for the holiday quarter that topped analysts' estimates and posted a fourth quarter profit of $214 million. and visa announced a four for one stock split. is is the stock is gaining in the after hours. as part offord's earnings report they said the assembly of their

. ♪ >> hello, i am pimm fox and this is what i am taking stock of on this friday, january 30, 2015. consumer spending drive the economy last quarter. -- helped drive the economy last quarter. the report shows gdp expanded 2.6%. that follows a 5% growth rate in the fourth quarter. despite the results, the s&p 500 fell more than 1%, marking its worst monthly performance in a year. crude oil rose 7%. shares of shake shack also rose today. the stock sureoared in its first day of trading as a public company, get

. >> i am pimm fox, and this is what i am taking stock of. in greece, ideologies collide, and the greeks decide whether an anti-austerity party will lead. it could mean a great exit from the eurozone. meanwhile, investor euphoria wore off after yesterday's ecb announcement of 1.1 trillion euros of quantitative easing. the s&p 500 closed down more than 0.5%. and oil traders take note. there is a new king in saudi arabia who signals he will not change his predecessors' energy

. ♪ >> hello, i'm pimm fox and this is what i am taking stock of this tuesday, january 27, 2015. apple posts blockbuster earnings. shares are rising after reporting a first-quarter profit of $18 billion. apple iphone sales topped 74 million units. the performance surpassed analyst estimates. yahoo! shares are rising on the after-hours trade. the company announced a tax free spin off of its stake in alibaba, putting them into a newly registered firm called spinco. at&t top profit and sales estimates, adding more customers than expected. caterpillar's disappointing

. >> hello, i'm pimm fox and this is what i am taking stock of this tuesday, january 27, 2015. apple posts block ester earnings. shares are rising after reporting a first-quarter profit of $18 billion. iphone sales topped 74 million units. the performance surpassed analyst estimates. yahoo! shares are rising on the after-hours trade. they announce a tax free spin off of its stake in alibaba, putting them into a newly registered firm called spin go. at&t top profit and sales estimates, adding more customers than expected.

♪ >> a reminder that sometimes we >> i am mark crumpton, in for pimm fox. this is what i'm taking stock of on friday, january 16, 2015. president obama and david cameron held a joint news conference today and provided a united front in fighting terrorism. >> we have seen appalling attacks in paris, in nigeria. the world is sickened by this terrorism. so we will not be standing alone in this fight. >> russia had its credit rating cut by moody's. the credit agency says the country may be cut further. to junk status. please see the fiscal status

. ♪ >> item pimm fox and this is what i am taking stock of yo. >> there may be more qe on the horizon for the euro zone. mario draghi said today he can not exclude the risk of deflation and signal the likelihood of more quantitative easing. as a result, the euro slumped into a four-year low against the u.s. dollar. today marks the first trading day for u.s. stocks in 2015. we had a mixed session for the three benchmark indices. jonathan golovin expects another good year for u.s. equities. >> u.s. stock is much more attractive than global alternatives.

coming up, you'll see pimm fox's full interview with the imitation game director and academy award nominee. his picture was nominated for eight oscars. i will be filling in for him today. there is architectural arms race in the united states. shelby holiday in st. louis. >> the st. louis gateway arch is serving as a model for modern-day developers were planning not just structures across the country -- more on that when "bottom line" continues. ♪ >> >> it is time for today's latin america report. brazil's economic activity in november expected lee expanded -- unexpectedly expanded. while brazil edged out a procession, the country is excited to post growth of .2% the slowest since 2009. the united states is in committing changes tomorrow to loosen the five decade old embargo with cuba. it would include easing travel restrictions and allowing americans to bring home as much as $100 in cigars. the new rules will make it easier for people to travel to cuba. those who do get to cuba will be able to use credit cards and debit cards. that is your latin america report for this thursday. nothing

late last year, pimm fox spoke to andy chen about this service. >> what we are offering is a higher-quality service across all devices. it has integrated video and we are the only streaming music service provider that provides audio and video. >> so of all the earnings releases and quarterly updates in the last week perhaps amazon's business results are the most important to the world of technology. amazon posted a fourth-quarter profit following a time of losses, and shares are on fire this morning, up 14% the last i looked. perhaps the biggest acceleration is the rapid growth of aws. for the first time, amazon says it will break out revenue from amazon web services. the seo talked about this on the conference call, saying -- ceo talked about this on the conference call. amazon has never done anything like this before. it is the very thing that is pressuring companies like ibm hewlett-packard and microsoft. kim, great to see you. you have been working on this for a couple of years now. aws is a beast. >> it is, and it was nice to hear them talk about the potential to see that broken out mo

>> i am and pimm fox will be with me, too, so there will be someone on set asking smart questions and that will be pim pimm. >> we are going to go to encore right now, but it probably will be a minute and a half. in a minute and a half, we will come back and you will say he taught me everything i know. >> we bet on this. >> we did. here is encore. >> in fact it is not just the debt. it is the economic challenge of the country. we need the broad space of economic growth in the country. the debt is a very high percentage of gdp. 10-year grace periods. the interest payments are roughly the same as they are for spain or portugal and not dramatically higher than what you would think. >> the good news in the short term really is the fact that the economy has been growing strengthening, and that is manifesting itself in smaller short-term deficits. that gives us some breathing room where we have these massive deficits and a lot of pressure in the past. however, the short-term deficits were we see improvement really has never been much the problem is. what they face are these medium and long-

i am pimm fox. it will give the progress report on how he and his wife are changing the world. it -- bill gates and his wife will in the progress report on how he and his wife are changing the world. the federal reserve is getting out of that business -- mixed reviews on whether the fed is playing it right. intech, pc pioneer michael dell sees the future

julie hyman and pimm fox joining me on set here we are going to talk about the number one story, oil. dropping below $45 a barrel amid speculation that u.s. crude stockpiles will increase and exacerbate the global supply glut. i will say it again. people are worried about this. what it means for shale companies, banks lending to shale companies. i say it is good news for americans, for consumers. and therefore should be a net positive for the economy >> the retail conference, an economist at morgan stanley was talking about the consumer. she said in the fourth quarter this returned $50 billion to u.s. consumers. if we continue at the same pace it could be another $80 billion on top of that $50 billion in savings additional cash to spend, potentially. >> i also think it is psychological. people got so beaten down. they feel as though the market is going here and only a certain class are benefiting. maybe a glimmer of hope. he would be surprised how many people feel tied to gas prices. when it goes down, that is based. >> $70 a tank down to $40 a tank. >> that makes a difference. a coup

i am pimm fox. here is the run down. in world, greeks get ready to vote. say goodbye to the abercrombie & fitch sixpack. the aging of the teen retailer that is coming up in shop. the goldman sachs chief executive is feeling pretty good about 2015, we think. haley barbour is talking politics. is make going to run, or not?

i am pimm fox. forget the snow -- shovel out of the stock market selloff. a drop in durable good orders and a profit miss at caterpillar, and the bears roar. around the world, europe's political leaders get ready for a new regime in greece. why is everyone so positive?

i am pimm fox it we are waiting for president obama who is about to speak in washington d.c. he will speak about cyber security and how companies can better work with the government to combat cyber threats. here is the rundown -- in motors, detroit hosts the annual association on everything on four wheels. a new nissan is ready to drive. around the world

>> that is pimm fox. >> we need a citation. >> this is "bloomberg surveillance." ♪ >> this is "bloomberg surveillance." i and tom came. with me olivia sterns and brendan greeley. we have a wonderful single best chart on the two americas. >> retailed a coming out in 8:30, so we are looking at who is buying one. this is for morgan stanley, and they are looking at the ratio rich people to middle-class basically, who is spending what so we have a dip in the last quarter of last year on discretionary spending. >> this is not personal aircraft , it is also fancy spending. >> personal aircraft as with national accounts, national accounts actually take aircraft expenditures out because they are such a big chunk of money. that is true here as well with discretionary spending. the purchase of personal aircraft has a huge effect on that. what we are seeing is the top income point is possible for 40% of consumer spending, responding to stock prices. >> olivia you and i go in the same fancy stores, what are you seeing? with retail sales coming out, what are you seeing? >> i am still shocked that the

i'm pimm fox. it is back. it is winter. that means davos. your merry band of economists and bankers drinking hot cocoa at the world economic forum in davos. talkinga about making money with sam