Bitter medicine is taking effect greeces back on International Markets today scheuer has already moved on to his new job as president of the bundestag and the next german finance minister could well be this man hes a probusiness centrist all of shots for his from the social Democrat Coalition partners and could soften the harsh face of austerity. And Business Executives will struggle to convince schultz to adopt a new Corporate Tax cuts modeled on those passed in the United States which have triggered a flood of investment the last Corporate Tax overhaul here was a decade ago the association of german chambers of commerce and industry praises the Coalition Pact for investing in Digital Education and broadband but theres criticism from other groups that nothing much is going to change under another grand coalition we spoke to tino boat man of germanys Engineering Association the v. D. M. A he was certainly rather lukewarm about the coalitions tax plan its there is no increase of income
Sister will attend the Winter Olympics the u. S. Vice president says the following relations between seoul and more distraction and promises tougher sanctions. And can washington prevent another Government Shutdown that could come down to immigration policy we speak to a congressman who consult was once an undocumented immigrant. Hello and welcome im terry martin good to have you with us germanys two biggest Political Parties have finally agreed on a deal to form a Coalition Government they made the announcement yesterday in berlin after another grueling game of give and take more than four months after the countrys election but both chancellor Angela Merkel and her social democrat counterpart say the agreement is the only way to guarantee german stability. After a marathon thirty four hours of negotiations it was old strained smiles for the would be Coalition Partners with the working compromise achieved relief from the chancellor. It been about sort i am convinced that the Coalition
Grand coalition we spoke to tito boatmen of germanys Engineering Association the v. D. M. A he was certainly rather lukewarm about the coalitions tax plans. There is no increase of income tax only very very little to reduce taxes in germany for the time being small things like what we call in germany. Are going down but not for everybody only for people with lower income than others so theres not Much Development in here were really lacking a reform but goes into the structure and helps Companies One thing that is of course a real pity the competition is rising and what we can do to be the number one position in exports for the time being would be of course more innovation and more innovation asks for. Tax credits for research and. Might come but only to a very very small extent not helping for the whole problem. Across Industry Business leaders had a mixed reaction to the deal heres what they had to say. German industry had pinned high hopes on the Coalition Pact and theyve been large
Watch at 6 00 p. M. Eastern on cspan. And the senate gavels in sunday at 2 00 p. M. They will consider amendments to the current highway bill. Funding is set to expire at the end of the month without congressional action. We spoke earlier with a capitol hill reporter. With current funding set to run out at the end of the month, the senate is set to formally begin debate on its bill. Manu raju of politico, youre right that ted cruz came to the floor and accused Mitch Mcconnell of telling a flatout lie. Tell us what that was all about. Mr. Raju it was really a remarkable moment. Rarely do you see a senator going and singling out another senator in stark terms, accusing them of lying, someone within their own arty. And stashed their own party. And certainly a party leader. It just does not happen in a chamber like the senate. It is usually a very collegial place. Youre not supposed to address senators directly. But Mitch Mcconnell assured him and other republicans that the xm bank, which
Amazons Ceo Jeff Bezos dismisses a New York Times article outlining poor working conditions, saying claim did not represent the company he leads. On our radar, at t helps spy for internet traffic for years. Youll get that full story in a couple of minutes. And the fourth is the disney ceo confirming the Star Wars Franchise is getting its own theme land in the largest expansion ever at disney parks. And you are watching Worldwide Exchange on this monday morning. Were indicating a slightly higher open with the dow up 2. 6 points. Nasdaq up about 8 and the s p 500 seeing a marginal gain. Some of the best performing sectors last week, interestingly enough, are the worst performing sectors yeartodate. Kweer talking about materials and industrials gaining about 1 . A lot of focus will be on the economic data. We get a report on employment and manufacturing data will be a part of the story. In the meantime, we see the global 300 index basically flat on the day. A lot of investors reacting to