Not a 3 or 4 economy. Maybe this dollar should not be as strong as it is now. Scarlet and opec has a deal to curb oil production, but they have got a good deal more to do. Were looking to do better. We are hoping to be able to get to scarlet it is all straight ahead on bloomberg best. Hello and welcome. Im scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with change at the top in italy after voters rejected their Prime Ministers proposal for political reform. Italian Prime Minister matteo renzi says he would quit in the early hours of this morning after losing a referendum. He called to push constitutional changes. I think the expectation that the result of this referendum would have a disruptive impact on italy and possibly even on the eurozone were grossly exaggerated, frankly. It was not comparable to t
Not a 3 or 4 economy. Maybe this dollar should not be as strong as it is now. Scarlet and opec has a deal to curb oil production, but they have got a good deal more to do. Were looking to do better. We are hoping to be able to get to scarlet it is all straight ahead on bloomberg best. Hello and welcome. Im scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with change at the top in italy after voters rejected their Prime Ministers proposal for political reform. Italian Prime Minister matteo renzi says he would quit in the early hours of this morning after losing a referendum. He called to push constitutional changes. I think the expectation that the result of this referendum would have a disruptive impact on italy and possibly even on the eurozone were grossly exaggerated, frankly. It was not comparable to t
Selection of secretary of state. Reportedly, president elect donald trump is close to selecting his secretary of state and the name comes from big oil. Andtillerson, the chairman ceo of exxon mobil is a worldclass dealmaker, stay tuned, according to donald trump. Alreadyators are expressing reservations because of his close ties to Vladimir Putin. Putin is a thug and murderer and anyone else who describes him as anything else is lying. We cannot have an accommodation with the russians until they understand what Ronald Reagan taught them and that is peace through strength. Right now, we have no peace and no strength. I dont know what his relationship with Vladimir Putin is, but it is a matter of concern. David joining us now is the president of the council of Foreign Relations. Book, aso author of the world in disarray. Thank you for being here. What do you make of this possible nomination . Do you agree that is where it is going and what would it mean for state . It is a hard transitio
Welcome to squawk on the street. We wake up another tweeter bomb. A big week with a fed decision. The fed near 20k. Europe is mixed. 10year 2 1 2. Oil up on the nonopec oil production. The road map with the negotiation of the president elect and an american company. Donald trump calling out the cost of the f35. Defense stocks are dropping in the premarket. Timing, another Company Trump has in the cites, boeing, a deal for 80 jets. The buyer iran. And the markets making new records. Oil prizes, as well ahead of the fed meeting which, of course, is wednesday. David with breaking news. We do. On a potential deal that will not happen. And that is involving viacom and cbs. Right now, the National Amusements, shareholder of both companies, led by Sherri Redstone and wanted to them to engage in talks designed to see whether they could come to a combination has withdrawal that proposal of viacom and cbs engage in the discussions. Reversing course in a sense and backing the new ceo at viacom an
Legislation. Our roadmap begins with signs of confidence and optimism, those are the words of the president as stocks notch their longest record setting streak in a quarter century. Plus, trumps cabinet trouble. The president s top pick for labor suddenly withdrawing from a nomination with nearly half of his cabinet and Administrative Team still yet to be confirmed. Snap valuing itself between 19 billion and 22 billion as the owner of snapchat prepares for one of the most hotly anticipated ipos of the year. First up though, the historic runup in stocks getting the president s attention. This morning he tweets, stock market hits new high with longest winning streak in decades. Great level of confidence and optimism, even before the tax plan rollout. Hes referring, guys, to the series of record highs set by all three major indices for a running number of days. And if you look back at the first month performance on the s p, jim, hes got the best record. You got to go back to lbj to see an