We start in the United States, with a Democrat Doug Jones this week delivered a stunning upset by beating republican roy moore in alabama. That since the Republican Senate majority to just one. Kevin cirilli joint to myself as the results came in. We are hearing he will come out and address his supporters any moment now. But the republican majority in the senate is razor thin, down to one vote, the number of votes republican can lose. There are host of issues, that is the only vote they can lose. With tax reform coming, this is the bottom line. Doug jones will likely take office sometime the week after christmas and before january 3. Tomorrow, President Trump is going to meet with a Bipartisan Group of lawmakers from the house and the senate on the Conference Committee to finalize the details of the tax reform package. If republicans want to get this done by the end of the year, they have to do it before doug jones gets up to washington, d. C. Because of that razor thin majority now is down to one vote. Republicans arent unified on that reform plan by any means. Senators like Susan Collins have concerns about it, but this puts a lot of pressure on them to get this done before the jones takes office. Yousef kevin give us a sense of , how this effects the power dynamic between the administration and players in the senate in the republican party. It is a razor thin majority but a majority nonetheless. Might this still fire up some other conversation basically the beginning of a domino effect that could actually swing the outcome of the tax vote . Kevin we are hearing from Top Democrats are ready, including tom perez, who has praised doug jones for his victory. It is the first time in more than a generation that a democrat has won a senate seat. In addition to that, i would youre the tension absolutely right, there is tension between the Senate Majority leader Mitch Mcconnell and steve bannon, the former chief strategist, it is palpable to say the least. Steve bannon was the architect behind roy moores campaign. It is a stunning defeat in a deeply, deeply conservative state. It is a stunning defeat in a that President Trump carried against Hillary Clinton easily, by double digits easily. So this is a really significant , blow to steve bannon and his political coalition. Think a lot of republicans are going to be scratching their heads, trying to regroup tonight as they head into the 2018 midterms. Democrats are celebrating tonight to say the least. Yousef staying with the United States, and as expected, the Federal Reserve raised rates this week. The fomc also upped its forecast for Economic Growth but stuck with its projection for three hikes in the coming year. In her last post policy decision news conference, chair janet yellen says they expect the labor market to remain strong with sustained job creation, ample opportunities for workers, and rising wages. They obviously are still playing to the room. It misses a lot of the demographics, of those influences on markets. One thing i think about is if you look across to japan, they got record, record lows in unemployment, and they still cant see growth picking up. They have the worst issues with demographics. This is a phenomenon of technology in demographics around the world today, and we still are globalized. Wages are going to go up, and they can move to other countries around the world. That is going to keep inflation still relatively steady. This year, obviously we have , some influence coming through from the oil price, the appreciation coming through. They will peter out once we get to the back half of 2018. So once again, particularly if you look across to europe you , could see lower inflation rates again, rethinking the whole process. Let me jump in here and talk about the weakness we are seeing in the dollar. Some investors are struggling to get their head around it, given they had an projected increase in growth from 2. 1 to 2. 5 . We put this up on a chart to get the additional perspective. The dollar disconnect, the greenback lagging, even as people are pricing in the rate hike. You also have the oneyear forward. This is for additional context. Is this dollar rout going to continue with a rate hike course that is pretty much said going for, and a possible tax cut being built into that equation as well . Well, the u. S. Dollar has been on the weaker side, but this is the range we have been in since 2015. So we are right at the bottom of , it. The sense is that the market is still quite short, dollar is still quite bearish. Tax cuts didnt overdeliver. What i would suggest is that its probably going to be quite bullish coming through once we get the realization of the tax cut, and once we get into the First Quarter and Start Talking about tax hikes again. The rest of the world isnt catching up at the moment, so that carry you are looking at has a huge influence on where the dollar plays out. The only downside at the moment is people will stop thinking about that fiscal deficit again. Its really starting to build up, will it be taxed mutual . Will it be tax neutral . That has been one of the key things as a key deficit, why the dollar has been weak for so many years. Are we going to get back into that trend again . So, understanding, is this going to be fiscal neutral or not is going to be key to the longerterm perspective. Yousef how confident are you that the inflation figures are going to pick up into 2018 . Because so far it has not really , come as expected. I think this is around commodity prices. This is more of a headline number and not necessarily the core. We dont have enough evidence now that we are seeing the wages building up at this point. , it has bottomed out, but we are not seeing a dramatic lift across the board. We are really focused on the headline numbers. This is more around the commodity prices. Then obviously, we know the moment and is it going to be there going forward, so you are going to start seeing headline numbers tapering back down to Core Measures again. The fed is not that particularly worried about inflation or they would be will behind the curve right now. Yousef and lets talk about this from a market perspective. We obviously touched on the it dollar. Is interesting that yellen, herself, talked about the flattening of the yield curve. Her doubt that it will be flatter than in normal times. But it is not going to indicate any kind of recession. Trump is talking about the verge of an economic miracle, and a look at what janet yellen says, she doesnt see a gigantic rise in the economy. Are we just talking about tax way too much in terms of its propensity on the consumer side . On the retail and consumer side . Well the way i think about , this is if i think back to when they flooded the market with money previously, the one thing they didnt think about was that the velocity would collapse, and the money didnt get into the real economy, and that is the asset price appreciation. So you can think about the tax cuts exactly the same way. If it is going into the corporate will it get into the , real economy or will it stay in Financial Markets . Ceosight, we saw some saying they are going to do some stock buyback some a which is good for the economy. From our perspective that is not getting into the real economy. We will see how would get spent. Obviously, there will be some benefits, but there are some offsetting factors around state taxes as well when you may not get as big of a deduction. We need the finer details, and the government giving us a boost. Yousef coming up next, abu dhabi gets its biggest ipo in a decade with a listing of fuel distribution unit. We hear from the deputy ceo next. This is bloomberg. Yousef welcome back to the best of Bloomberg Markets middle east. Shares of the fuel retailing unit jumped wednesday morning. The ipo was the first listing in the city for more than six years, and was also the biggest in a decade. Bloombergs Tracy Alloway spoke to the deputy ceo. We have been extremely pleased. We are bringing in International Investors to abu dhabi. It has been a huge achievement for us and has been significant. The first time in 10 years, the biggest ipo in 10 years, and we are really happy. Tracy so give us some color on the investors you have attracted. What percentage are international . Does. With 30 of the investors are international. When we went over we spent a lot of time in new york. The ea yout shown in around investment has been in the uae run investment has been hugely [indiscernible] it allows us to accelerate our business plan, that level of International Investment will also [inaudible] its a great sign for abu dhabi. It shows a lot of confidence in abu dhabis market and economy. The overconsumption of additional distribution was a strong signal. A lot of investors were for multiple institutions. We noticed that much of it comes from foreign money showed a lot of interest. Are there more listings to come and how many do you expect over 2018 . Indeed. I would assume many are coming. Gas of them within oil and and some from other sectors. Coming into three another ipo. Ofshows there is a lot interest in the market. Usthe ipo itself helps accelerated live our initiative forward. Ensures confidence in our business and to get to a level of transparency internationally as well, which allows us to build our plans against international benchmarks, and really become a worldclass business. I think that is the important part. Tracy right. You are talking about driving the business forward. Can you give us an investment figure for your expansion . Do you have a certain amount earmarked for that . We have declared that we will invest [inaudible] we are looking at expansion in saudi and we have a business that has good Growth Opportunity inside and outside the region. [inaudible] in abu dhabi, i think we are [indiscernible] saudi arabias modernization drive got another push this week when the government announced it will allow commercial cinema back into the country for the first time in more than 35 years. Meanwhile, a source told bloomberg that the kingdom is planning to raise the most a cash planning to raise domestic gasoline engine fuel prices in gradually raising gasoline engine fuel prices in january, part of a program to gradually eliminate energy subsidies, and balance the budget. I spoke to the head of equities for rasmus investment bank. This comes as part of the reform programs, listing subsidies, improving the usage of government resources, improving the liquidity of the government. And this was, lets say, coming sooner or later, whether it is utilities, fuel, among other subsidies. So, it is not that it was something that started, and then they just forgot about it, or it is complete. It is a Multiyear Program you will see bits and pieces of every little while, and that is how it should be staged. If you bring all these reforms at once, you could put the economy in a shock, and that is what the imf and the experts pointed out, the easing of the implementation of these programs. So, this is coming. We have seen that happen in other parts of the gcc. It happened in the uae. It has its discomfort at the beginning. In terms of the market we put up a fabulous function, the market relative undulation. This puts it all into perspective in terms of dividend yield, and then it gives it a valuation score. If we go over, it is. 51, which means it is relative to its peers and is actually expensive. How more specifically in terms of sectors would you invest in the kingdom . I would agree and disagree at the same time. We look at saudi is a longerterm story, extremely attractive. In the sense, the reforms that the government has embarked on our interesting and are valuecreated, generating a lot of his miss for the private sector and will have a trickledown effect. That is something we have also seen in other parts of the gcc. The difference in saudi arabia which i think needs to be quantified better is the social reform as well that comes on top of the economic reform. So, whether it is the cinema that you mentioned earlier, the housing program. The housing programs but not only just create demand on Building Materials in new houses, but also you think you need to stop all those new fridges that will be installed in these houses. So the social reform is just another layer, and increases the attractiveness on the opportunities in saudi arabia. Yousef across the board in the uae, we have the budget announcement, quite expansionary compared to the year before. This arguably could make quite a few companies a lot more attractive to investors on the basis of locking in new project right . , exactly. There are multiple things within the uae that are going in the right direction, and have been going in that direction for some time. We continue to track them and like them. The expansionary budget, i comes as noeded, big surprise. The magnitude is definitely something that has surprised some market participants, but as dubai gears itself to host for 2020, the Infrastructure Spending and all that expansion need to happen in time for that to take place. Countless cranes around this building, and the property story has been a softer story. Downside pressure, you are concerned as well about it. Just give us a finger on the pulse, if you will, on the health of this particular sector, and if there is a turnaround coming anytime soon. Yes, the real estate sector, like any other sector, is governed by supply and demand. But there is a change we are seeing in the dubai market, which is the more relaxed payment plans. As you know, any project has really three sources of financing, which is customer , and equitye banks of the developer. So, by delaying customer payment, it means that the banks will have to lend more, and i think there is a limit on how much they can lend. The other part means the developer has to shut out more equity. And that puts a pressure on their profitability. That is not my bigger concern. My bigger concern is their ability to actually bridge that gap. Yousef if i could make one trait in the middle east right now as we go into 2018, what would you be telling clients . I would be telling clients to concentrate on health care and education, which is about 30 of our portfolio today. There is a Good Opportunity with saudi banks and over capitalized lends its waych to dividend hike and returning that over capitalization. Yousef up next, pricey picture. Abu dhabi defends the 450 million it paid for the da vinci painting. We hear from the chair of the culture and Tourism Department, next. This is bloomberg. Yousef welcome back to the best of Bloomberg Markets middle east. Abu dhabi has confirmed it was the mystery buyer of the da vinci masterpiece last month. There had been reports salvador mundi has been bought by the crown prince of saudi arabia, but the Tourism Department says it has picked up the payment, and is defending its 450 million price tag. Its chairman spoke to Tracy Alloway. We have been eyeing this piece for quite some time. It was important for us to showcase the da vinci especially , after that loan from our french partners. We have seen firsthand what da vinci means for any museum. It is astonishing to see and to know that 19 da vincis in europe. One in the u. S. And now, there will be one in the arab world. It is not just anyone. It is a very important portrait, that will broadcast our essence of acceptance. It is going to be sitting side by side with some of the greatest artists and painters from all over the world. We tend to forget that over the last 10 years, we have continued to collect some fantastic art, and we are not the type that goes out and broadcasts what we bought, whether it is monet or gogaz. We do it quietly have a and we do it for a reason. And the reason we do it for is that we can showcase this fantastic piece of art to the world. They are not bought to be put in a house or home or to be hidden. It is done to showcase the beauty of the world. Tracy so you bought it , directly, with a specific strategy in mind . Yes. We had a strategy in mind, and we worked very closely with the broker on this piece, we bid on it, and it was acquired for the price we thought was right. Tracy right. It is an exceptional piece. Astonishing doesnt happen every day. You know, you see people fly as close as possible to the sun to get a glimpse of the sun. We see people wear glasses to get a close view of the eclipse. We felt in our lifetime likely we felt in our lifetime, most likely we would never see , another da vinci come to market. As far as we were concerned, it was important for us to have a hand on this. Yousef up next, as middle east anger grows over trumps jerusalem to schism, Vladimir Putin tries to capitalize. Find out how exactly, next. This is bloomberg. Is this a phone . Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Yousef welcome back to best of Bloomberg Markets middle east. President Vladimir Putin made a surprise stop at russias air base in syria to declare victory in his twoyear military campaign. In it was part of a world when hirlwind middle east tour aimed at demonstrating his growing influence in the region at americas expense. The bloomberg reporter spoke to the foreign minister and began by asking whether it was really a win for putin. Unlike americans, whose notion of victory has been tied up with overthrowing dictators and statebuilding, putin was just trying to bolster one, keep it standing, and he actually did. Remember, president obamas thatne on syria and assad he must go. Well, obama is gone and assad is still there. And putin can now say, i have intervened. The russians were very significant there. We have not spent much money. We have displayed all our weapons that we can sell all over the world, and now we are gone. The russians look like winners. They look like winners. It is interesting. He signed a 30 billion deal with egypt. This putin middle east relationship, is he filling a vacuum with the u. S. Had stepped back a little bit from . Definitely a vacuum to tactically engage with leaders. Think about it the russian , ability to work with the iranians, who are geopolitically ascendant in the region, particularly on syria but on a bunch of issues, has been very high. The americans cannot work with of iranians given the nature the relationship and the sanctions against them. The russians also welcomed king an and are actually coordinating with the saudis on the reduction of Oil Production to keep prices for oil relatively high. That is absolutely a win for the russians. Are the russians longterm going to be seen as most important player in the region . No, because it is a pretty light touch. But in terms of who was seen as an external actor as being more relevant today than they were a couple of years ago, the russian trajectory is obvious. They are. You touched on iran there. Your assessment of what trump wants to achieve with iran. Them, or pulle out a bit ironic the agreement or pull out of the Iran Nuclear Agreement . His policy so far has been this is a horrible deal, but not actually pull out, throw it to congress but refuse to certify the iran deal. Having said that, the u. S. Iran relationship under trump especially after this decision on jerusalem is definitely putting things under pressure. So even though if trump pulls out of the deal by himself, he will be by himself. It is no good for americans from a National Security perspective. It is close to a coin flip as to whether or not the u. S. Iran nuclear deal stays in place. Host let us talk about the position on identifying jerusalem as the capital. Can the u. S. , this is part of the britishmedia argument that the u. S. Has lost any capacity to be the independent broker or arbiter of peace. Has he done that . Is that your conclusion . Guest it is certainly true that the americans cannot do that, but implying the Jerusalem Decision is the reason it went away, does that mean someone thought that palestineisrael peace was plausible before the jerusalem announcement . It was not. It is clear that they were not a top priority for anyone outside the region at this point, and for very few in the region. If you think about the saudis, egyptians if the , you ask any of them what their Top Priorities are, they will tell you iran, isis, syria, yemen. Israel is not even in the top five. So yes, it is true that the americans are chilly by themselves in the security council. No one else would support this recognition of jerusalem as the capital of israel, but ultimately it does not matter that much. Host wow. Netanyahu went to europe yesterday and said he is part of the reason that isis is being kept in check. I am part of the reason of defense. Does that make sense . That argument . Guest it is certainly true that one of the reasons the israelis have a better relationship with egypt, the saudis and the emiratis is precisely because the israelis have shown everyone that they can defend their borders and they can do cyber surveillance. Even in israel itself, the israelis does not think a two state solution is feasible anymore and it is not a priority. It is so unfortunate from the human rights perspective, the palestinians they do not have , much of an impact on the israelis themselves. Host i know you will be talking about the geopolitical risk of 2018. Youve got 30 seconds with me. China is going to top your conversation. Why, from a political point of view does china matter so much . Guest because trumps presidency provides so much space for them to operate. They have enormously strong they have an enormously strong president. They have a Global Economic strategy. They are developing architecture in a world where no one else is able to do so, which will have an enormous impact over the coming years. Yousef up next, brutal and harmful. Former french president Francois Hollandes assessment of the trumps Jerusalem Decision. Here are dual interview with him next. This is bloomberg. Yousef brutal and harmful. That is how former french president Francois Hollande this week described President Trumps decision to recognize jerusalem as the israeli capital. He spoke inclusively to one of our reporters at the Arab Strategy Forum here in dubai. Francois hollande the decision has been brutal and harmful, brutal because it was unilateral. President trump has taken this decision without consulting the u. S. Congress or even the palestinians. It is harmful because it will not lead to any negotiations. So what . This leaves europe in front of one decision in order to start making some solutions. Host what should that initiative be . Should it be discussion around the world . Francois hollande france has already taken some initiative. The initiative was to previously invite all of the stakeholders around the table for discussion to create solutions. Discussion could also be between israeli and palestinian counterparts. Trump has already taken some decisions. One of those decisions is to stop the colonization. That is good but it is also up to israel to solve that problem. Reporter Global Politics is about relationships. Mr. Trump may not be offered a state visit to the united kingdom. Do you think france and other european nations should be as friendly to mr. Trump . Hollande the United States has always been a friend and i lie to france to been a friend and ally france. The u. S. Is our partner in nato, and our relations will continue with the United States. However, this will not keep us from expressing how we feel toward his actions, especially when he takes unilateral decisions without consulting anyone. Especially what we feel toward his Nuclear Agreement with iran, climate change, his exit from unesco. We need to encourage him to have more dialogue and have more respect for multilateral discussions. Reporter if you were to have a telephone call with donald trump , you have dealt with many world leaders, what would you say today . Francois hollande i would talk to President Trump about two main points. The climate issue, taking place right now in paris, there was some engagement regarding the commitments made in 2015, and they need to be honored. To also undertake more investment in the paris agreement. The second issue is the middle east. We need to put our hands together to solve the problem not only in syria and iraq, but provided solutions that wider security and stability. Yousef qatar airwaves launched a new service to thailand. The nonstop route will be the carriers fourth route to thailand following operations in bangladesh. The ceo spoke to bloombergs stephen engle. We are not going to slow down. This is exactly what Qatar Airways wants to prove, that the blockade is not going to have any negative impact on our airline visavis our growth. We will continue to grow, yes. It will, of course, affect our bottom line because it was completely unexpected. This illegal blockade. However, we are on our march ahead, which will continue and make people very envious when they see how many new destinations we are announcing in order to defeat our adversaries. Can you give us an update on how the blockade is affecting your business . Of course, a month ago, you did get a full fiscal year profit warning. You having to reschedule more flights, cut more routes . Sir . U give us an update, guest we have not cut any routes other than the blockade in countries that banned us from operating in their countries. We are keeping google ivanka expanding. And i will have to fill the will keep on expanding and i , will have to fill the vacuum which of those 19 destinations had created, and we have been successfully doing it. We will continue bringing more passengers on board. However the issue is, like you said, our bottom line will be affected and we are still giving a profit warning. But as a matter of fact, we will have a negative year visavis our bottom line. But as for our passenger numbers, were hoping that we will be very close to the number of passengers we carried preblockade. Host how are you coping with the reporter how are you coping with the order backlog . I know you had sold to a Leasing Company here in hong kong, the bank of china, boc aviation. There are four more 777s you had ordered from boeing. What are you doing about your order backlog . Guest let me be very clear. We are not selling our airplanes because of the blockade. As a matter of fact, selling the current option triple sevens in order to prepare for our 777x planes that will be delivered to us. We want to keep our average age of our fleet down to five years, so we have to keep rolling our fleet, and the only way to roll our fleet is to sell and lease back are older aircraft in order for us to make place for the new aircraft on our order books. Reporter sir can you give us an , assessment from your perch as the head of Qatar Airways, how the qatari economy is doing . I was reading a story on how the budget deficit is actually expected to decline as the economy absorbs the blockade. And some of said, perhaps this is an impotence this is an impetus for further diversification of the local economy. How do you see it . Guest please do not listen to a lot of fake news that our adversaries keep on putting out about our Economic Performance. The Economic Performance of my country is robust, and the diversification and investment , and the expansion of the economy will continue over the next two years. Yousef the bahrainbased alternative asset manager investcorps told bloomberg this week that it is looking to double its assets under management over the next five to seven years. The coceo spoke to Tracy Alloway. She began asking whether the u. S. Tax reform plan would have an impact on its real estate investment. We are one of the top foreign buyers of real estate in the u. S. Over the last decade so yes, we are definitely long on real estate in the u. S. The implications of the tax reform in the u. S. For our real is relatively limited. Think the broader implications on our private equity activity in the u. S. Is more important, frankly. From a relative perspective, there is going to be a slightly higher tax burden, but given the fill up that it is going to give the local economy we expect , things to go well. Talk about private equity in that case. You have a potential boost from texas for him. And at the same time, a lot of concern about valuations. Guest no doubt. No doubt. Valuationsnt, the are at peak levels, definitely. Makes that a good thing, as opposed to just being an outright challenge, is because this is a time when focus is measured. We can differentiate. Buying right now blindly will not work out over the mediumterm, and i think that much is clear. There is more risk on multiple contractions looking into the future than there has been over a longer period of time. Identify market sectors would longterm potential or dtp growth is what we get paid for, and this is an opportunity for us to differentiate ourselves. Yousef up next from rides to , retail. How the main rival to uber is branching out. We hear from the cofounder and coceo next. This is bloomberg. The middle, it is easts answer to uber that they are branching out. They launched their retail venture this week which features entirely locallysourced products. Tracy alloway spoke to the ceo and asked him why a Ride Hailing Company was starting up a retail business. The venture is basically an Online Platform for the regions boldest creators to come onto our platform, and showcase their products and their creative things. And for us, its mission aligned on three dimensions. One, the platform is created opportunities for a lot of people in the region to come onto the platform and earn a living. In the same way, we want to give that opportunity to the creators in the region who are not the paid in thezed or region. Brand, it also gives our some more visible presence in the market. The third thing is that we have built advanced Logistics Network with people transport. So it will be an avenue for us to showcase our abilities, or the transportation of things they and we will start extremity with ondemand logistics through this platform. Tracy so is that a future business for you logistics . ,guest we always said we wanted to be the largest mover of people and things. So the movement of people has , been our business for the last five years, the movement of things is going to be a feature in the next few years. Tracy so, how does that feed into your actual revenue stream . When will you be profitable across major markets, and when will you start disclosing some of your finances . [laughter] guest so, we are still a private company, so we try to keep that information closely guarded. Not theprofitability is core objective at the moment. Very early, in the early stages of this opportunity. The mobility opportunity in the region and the broader internet opportunity of the region is worth hundreds of billions of dollars. Tracy right. Guest and we are still in the phase of landgrab, as they call it, get as many people onto the platform as quickly as possible so that they can start using mobility and overall internet products in the future. So, if i had to just give you a time frame, it is probably 2019, 2020. And that is what we are looking at in terms of profitability. Tracy i feel like it keeps getting pushed back, but maybe i am wrong. So let us talk about , fundraising. We have seen so much interest in the technology space, especially here in the middle east with a big softbank investment. Abu dhabi is doing a similar thing. Time for you to raise more funds . Do you need more funds . Guest it has been a great last few years for Technology Businesses in the middle east. Just to give you a sense of the opportunity. The region spends about 1. 8 trillion in products and services. Only 2 goes online today. 2 becomes 10 , 20 , we are looking at half 1 trillion opportunity for online businesses. It is not a surprise that more money is becoming available to Technology Companies in the region. And it is helped by the fact that we have had some successes in the recent past. So, i think people are becoming more confident in investing in technology, both locally and globally with investors looking , at the middle east. Tracy very quickly, speaking of fundraising, one of your investors is the prince who has been arrested as part of this corruption crackdown in saudi arabia. All . Hat affect you at have you heard from him . Guest it is business as usual in saudi. We continue to grow rapidly in saudi. The things happening on those levels are not impacting the business in the ground. Yousef that is it for this best of Bloomberg Markets middle east. We will be right here for trading in the gulf sunday morning at 8 00 a. M. This is bloomberg. Scarlet coming up on bloomberg best, the stories that shaped the week in business around the world. Bitcoin makes its debut on wall street. An electoral upset could make a big impact in washington. This is a razor thin republican majority in the senate now. Scarlet congress plows ahead on tax overhaul. Two media giants create a blockbuster deal. We are creating a great global opportunity for consumers. David Central Banks gather for 2017,final meetings of and drama is in the outlook for next year. They looks like that bought to the idea that there will be fiscal stimu