Erik in the midst of political turbulence, financial leaders seek solid ground. The key is to maintain as much as we can, functionality. Erik mary barra sees positives in new policies for u. S. Automakers. This is something we can do to be more effective and efficient. In the end, it will have a bigger impact on the environment. Erik it is all straight ahead on bloomberg best. Erik hello and welcome. Im erik schatzker. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Many of this weeks most important events have been on the calendar for months. On monday, political surprises were the order of the day. We have some breaking news, because the Congressional Budget Office has released its scoring its assessment of the house gop alternative to obamacare. Some of the big headlines out right now. The bill would reduce the federal deficit by 337 billion. 14 more it would cost Million People to be
Anchor my name is christopher , good to have you with us. The u. S. President hosting the german chancellor Angela Merkel in washington. It has been the first facetoface meeting of the two leaders, a great deal at stake. Donald trump talking about Germanys Health in afghanistan help in afghanistan and talking favorably about nato, which he slammed during his campaign. And Angela Merkel insisting on the importance of a Strong European Union come another area where donald trump has been critical. Reporter the first handshake between the u. S. President donald trump and german chancellor Angela Merkel delivered the friendly symbolism that was widely expected. The agreement on defense and security, but especially on trade. Donald trump pledging to put america first, and he wants to reduce the gaping trade deficit. He feels his country has come second in the past. Donald trump i would say negotiators for germany have done a far better job than negotiators for the United States. Hopefully we
Cramer at the New York Stock Exchange. Stocks set to open the highs of the year with a nice wrup side surprise. Upside. And oil up. Tenyear remained huddled around 2 . The market alltime highs. S p within striking distance. And dow, 18,000 yes, back within reach. American food giants getting hit this morning, well have more on kraft, kellogg, conagra and campbell soup. And jack ma fired up his employees with quote, we havent been that satisfied with our results. The dow looking to bounce back to 18,000 s p is within striking distance of that record closing high. The Economic Growth in the eurozone it accelerate in the fourth quarter. German gameday up 2. 7 on an annual basis. Athens is up 4 . The highest since december jim, were going to get this done . Oh yeah it will be done. A stretchout. First about six points and then lengthen ma turitymaturity. You could say its kick the can down the road. Spain, i like the turn there. The doubledigit gains in europe. Of the cisco talked about do
Plus germanys social democrats in chaos the resignation of the partys chairman triggers a leadership battle shortly ahead of a crucial vote on a new Coalition Deal which sounds from ackles conservatives who can revive this fractured party. Thomas a very warm welcome to the show the israeli Prime Minister Benjamin Netanyahu is future is very much in doubt this morning the countrys Police Forces saying it has enough evidence to recommend he be charged with bribery fraud and breach of trust israels attorney general must now examine that police recommendation and decide whether to file charges and it televised address live netanyahu denied any wrongdoing. Remember low in my years as Prime Minister i have been subject to at least fifteen inquiries and investigations with the aim of toppling me from power to motion. Those attempts resulted in nothing and this time too they will come to nothing. Im sure it will really i will continue to lead israel responsibly and faithfully for as long as yo
Set. France will play for the title. Will they play england or cr croat croatia. Well find out today. Im Alex Marquardt in for dave briggs. Im christine romans. Its wednesday, july 11th. 3 00 a. M. In the east, 9 00 a. M. In the west. Taupting european allies just as air force one landed with tweets. But the president s midair jabs cameuropean leaders. They feel trump will fall throw when it comes to protection for allies. The european counsel president had stark warning for trump. America, appreciate your allies, after all you dont have that many. I comes a few days before President Trumps sitdown with Vladimir Putin in helsinkhelsin which the president calling his easiest meeting for the week overseas. Lets go to Nic Robertson live at nato gerding themselves, not quite sure what President Trump is going to say or do. Doesnt it, just . Its going to come facetoface. Just in trudeau, from canada, theresa may, the british Prime Minister, president macron from france, the very people at t