What weve seen this week goes back to one of the crises coming out of the 1865 civil war. What a week it has been. What is your key observation on what youve seen . Guy this repricing of risks around the fed, the Ripple Effect of that, and the negative rates has negative consequences. That is the world the market is coming to terms with this week. Tom some of the themes this morning on surveillance from london and new york. Right now, to get you up to speed, heres vonnie quinn. Vonnie the u. S. , russia, and other powers have agreed on a partial ceasefire in syrias civil war. Ofre will be airdrops humanitarian assistance in some areas. Coalition attacks would continue against islamic state. The truce represents a cause in the syrian conflict, not an agreement to end it. German chancellor Angela Merkel warns that the country cant throw away its values. Merkel has launched a campaign for the coming state elections. She is working on reducing the Record Number of refugees entering the cou
We are talking about bp, a company under pressure. The oil giant has Just Announced that it expects 1 billion in restructuring costs as Falling Oil Prices and speculation of a possible merger swirl around this business. Lets join our Bloomberg Intelligence expert, philip. Good morning. Very nice to see you. Bp is a country under a company under pressure. Dudley has had a fairly turbulent few years. What is he going to be telling these guys about his upstream operations . I think the bottom line right now is, they are focusing on the big projects in the gulf of mexico, angola, the caspian, and they will try to sell off the smaller assets and the assets that have reduced production volume. Is that a continuation of what they have been doing . It is a continuation and an intensification. With the pressure they have now, it is going to be more pressing and more of an issue going forward. Will they find buyers for some of those assets . Theres a lot of rumors swirling around about m a. Are
Nomination in 2015 2016. Anna Facebook Post he wrote i have decided to actively explore the possibility of running for president of the United States. According to a recent poll he leads the early primary fields if mitt romney does not run. Find sprintlan to 105 million for billing phone customers for unwanted services. Agency officials told bloomberg of the penalty was proposed by the fcc chairman, tom wheeler. Sprint is the third carrier to come under through a for the billing practice that is being called cramming. Customerss allowing to roll over highspeed data allotment in their latest marketing push to lure subscribers. For up to one year customers will be able to utilize unused data from prior months to prevent exceeding their allotment and incurring penalties. This is part of their strategy including perks like phone financing and money for new customers who switch from other service providers. Though, with breaking news, a jury has reached a verdict in the apple ipod monopoly
That could have as much effect as mr. Cummings just said on future generations. Yet how little attention it gets when we actually do our job. Especially on a subject like there. I think it is appropriate at times that we all rightfully argue about how big or small the federal government should be. But i think we all share a common belief that whatever side the government should be, the dollars that we spend, we need to make sure are spent wisely. And one of the things i want to again commend you and the Ranking Member on, as a former governor, often the difference between a governor and legislator was a legislator thought the job was over once the bill was passed when in actual ality, it is the implementation is where the rubber hits the road. And hearing what both of you have said and i know my friend senator portman shares this as well, we will keep common cause to make sure that implementation takes place in a timely, effective and efficient manner. As we went into some of the last
But i think we all share a common belief that whatever side the government should be, the dollars that we spend, we need to make sure are spent wisely. And one of the things i want to again commend you and the Ranking Member on, as a former governor, often the difference between a governor and legislator was a legislator thought the job was over once the bill was passed when in actual ality, it is the implementation is where the rubber hits the road. And hearing what both of you have said and i know my friend senator portman shares this as well, we will keep common cause to make sure that implementation takes place in a timely, effective and efficient manner. As we went into some of the last hours of trying to get there bill signed off on and this is as much the administration itself and certain particular agencies and resisted the time line that we are putting forward. Again, i think it was a tribute to you and Ranking Member cummings and those of us in the senate as well to make sure