Problem, and it is going to get worse. The 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. I am ramy inocencio, and this is 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 a european nation that has been a rare model of political and economic stability. German chancellor Angela Merkels negotiations to form a Coalition Government suddenly collapsed on monday. Matt chancellor Angela Merkel attempts to form a new government. Those have collapsed with of the Free Democratic Party Walking out of Coalition Talks last night. The breakdown of discussions throws the future of her fourth term into doubt and raises the possibility of new elections in germany, something which would be completely uncharted territory in the postwar period. As acting chancellor, m
The 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. I am ramy inocencio, and this is 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 a european nation that has been a rare model of political and economic stability. German chancellor Angela Merkels negotiations to form a Coalition Government suddenly collapsed on monday. Matt chancellor Angela Merkel attempts to form a new government. Those have collapsed with the Free Democratic Party Walking out of Coalition Talks last night. The breakdown of discussions throws the future of her fourth term into doubt and raises the possibility of new elections in germany, something which would be completely uncharted territory in the postwar period. As acting chancellor, merkel says she will consult with the count
The market, that sometimes we have trouble comprehending when washington does something incredibly positive for stocks or does something great for the economy for that matter. Yeah, but thats exactly what is playing out here right now dow gaining right now. S p falling. Yet i am telling you, i find many people still refuse to acknowledge whats happened out of washington. The combination of lower taxes coupled with deregulation and a tougher line on trade is fantastic for the market throw in a booming Global Economy and it is a beautiful thing to behold. Now the cynic in all of us has conditioned to believe that big business is all about rewarding shareholders and shareholders. Hand over checks mostly to people who are already incredibly wealthy for example, we have heard over and over again if we let companies repatriate over seas cash, they will use that money this will help this whole country prosper. And to be fair, that is what these executives did the last time we got a repatriati
We have somebody here who can give us icnsight into all of tha dow futures look to be down 35 points part of what happened in the market was because of tenyear yields topping 2. 96 right now the tenyear is at 2. 926 the 2year at 2. 2 26 . In asia, the nikkei off by 1 . Shanghai is up about 2 . In europe, the early trading there, the stock markets there are mostly in the red. Dax is off by 0. 8 ftse is down by almost 1 . Barclays shares are up sharply despite the uk Bank Reporting a big drop in 2017 profits. Barclays says it lost 2 2. 7 billion once again why would that happen . Yep. They its accounting for the u. S. Tax overhaul. But also a weaker dollar there were some bright spots Barclays Says its pretax profits rose 10 customer deposits were up and its doubling its didividend. Jeff staley says he is optimistic about the future. There are a number of tailwinds. During the next year and half we will be retiring a lot of debt Interest Rates are in a much better position than they were
The premarket poised to open the at a new high as subscriber growth tops in less expectation. We will have the latest from ecb president , mario draghi as they approve austerity plans. These litigation charges at goldman. Weighing on the bottom line. First, netflix. Strong results for the Second Quarter. The company adding 3. 3 million subs. Stocks up over 11 . This is Reed Hastings last night on the companys earnings web cast. The stock was half this price. I described it as euphoric. Its a mystery to me. What we know cuss on is how to get incredible content, stream it beautifully and market it in every country. Im out of the Stock Commentary business. Maybe he should be. Stock now closing in on an 8,100 gain from the may, 2002 ip 0. It is ridiculous this is only up 11. This was the most dazzling call. When you have a chief content officer on you know you are about to get blown away. Raising numbers, narco. They are like crouching tiger, number two. They are not even in china and japa