Be ironed out. Behind closed doors, negotiations are underway to get to 50 votes. For more on the latest, we are joined from washington. Welcome back to the program. Give us a sense of what is going on right now. We heard over the weekend that senator collins of maine was expressing concerns. The real action is going on behind closed doors. A lot of the debates you see to they as it relates tax bill is mostly theater. The real negotiations are between Republican Leaders in the house need to keep 218 votes. In the sen. S the senate need to have 51 votes. That didnt work when they try to repeal the Affordable Care act. They want to succeed here. They are going over various senators whoding are worried about the individual mandate repeal and high premiums. Others have concerns about red ink in the deficit. That is not sitting well with people like senator corker. As stop the Senate Returns on november 27. Sherry give us a sense of what happens when the Senate Returns on november 27. Be th
Points are we seeing signs of a top well break down head winds. We have a 6 billion chip acquisition to tell you about this morning and what it means for other potential deals as well. And retailers gearing up for black friday but walmart gets slapped with a downgrade over at goldman today. We have the latest on the Retail Sector as we begin an abbreviated trading week due to the thanksgiving holiday, the dow and s p east in the midst of a twoweek losing streak na nasdaq coming off the Third Session and bit coin surges past the 8,000 mark over the weekend. I think the high 8101. 91 theres discussion whether or not it can hit 10k. I was thinking about zimbabwe, whoever has money may want to go to bitcoin. A chinese crackdown, they go to bitcoin. Venezuela, natural bitcoin because its defaulting on everything when you see defaults and people realize currency may be devalued, bit coin seems to be a Good Alternative jack dorsey this weekend disagreeing with sara fryer, the cfo of square. S
The dax in germany up by. 2. The cac in france is up by a quarter percentage point the ftse is flat crude oil ended down by about 19 cents for the week last week this morning its down another 17 cents to 56. 38. A couple big stories were watching geopolitics. Germans chancellor Angela Merkel said efforts to form a Coalition Government has failed. Merkel has been working for more than a month to work with the, quote, free democrats and the greens after losing ground to a far right party in the september election if a coalition cannot be formed merkel could form a minority government or call for a new election youre looking at the euro down. Big questions about whats going to happen in that country. Also, in Corporate News, Marvell Technology is reportedly nearing a deal to buy chip maker cavium for 6 billion. Its going to create a bigger competitor for chip makers like intel and broadcom it would be comprised of 50 cash and 50 stock valuing cavium at 80 per share. Possible deal was firs
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
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