Serious problem and it will get worse. This war of the rich on the poor is astounding. Not everything in here is a bad idea. Ramy it is all straight ahead on bloomberg best. Ramy hello and welcome. Ism Ramy Inocencio and this bloomberg best, your weekly review of the most important business news, analysis and interviews from Bloomberg Television around the world. The week began with a political crisis in the european nation that has been a model of economic stability. Angela merkels negotiations to form a Coalition Government collapsed on monday. Chancellor Angela Merkel attempted to form a new government. With thee collapsed Free Democratic Party Walking out of Coalition Talks last night. The breakdown in discussions throws the future of her fourth term into doubt and raises the possibility of new elections in germany, something that would be unchartered territory in the period. As acting chancellor, she says she will consult with the countrys president later today. It is a day of dee
Plus. The saudis are dealing dealing h rocket that flew over capital ryadh and they believe it was iran. Act of war, saudis and iranians are on the brink. Price of oil has gone straight up to twoyear high. We are now at 57 a barrel. Yes, there is trouble in the oil patch. Look at this too, stocks Still Holding onto record levels, theres a story in the wall street journal, tax overhaul faces major hurdles despite that the market rally has not stopped, going up a little more today. The dow has set 57 records this calendar year and Varney Company is about to begin. You know we sent three of the largest aircraft carriers in the world and they are right now positioned. We have a Nuclear Submarine also positioned, we have many things happening that we hope, we hope, in fact, i will go a step further, we hope to god we never have to use. With that being said, i really believe that it makes sense for north korea to come to the table and to make a deal thats good for the people of north korea a
Host what is the potential of it being approved . Gene this is part of a rationalize asian the cable industry. We have seen of the rationalize ation of the cable industry. It is a Broader Market that includes other broadband providers and other content dividers. Host same question to you. Gene i think this is the cutting edge of our economy today, this is the Digital Economy driven by broadband. Cable companies are the largest providers of highspeed internet service. Here you would have a company doubling in size, time warner. Approximately the size of the largest company, comcast. I think it will be seriously reviewed by Law Enforcement officials. You are going to have 30 of broadband customers combined in one company. I dont believe this has the same problems of the comcast proposed merger that time warner had. I think it has some that will be carefully looked at. The big question is what happens to my cable bill . What happens to my prices . Do i get new services . Will netflix and
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