Cold war . Absolutely. Alix and with the fed meeting coming up soon, three top officials share their outlook. We dont want to let this expansion run too hot for too long. Everyone is watching the consumer. The consumer is the primary driver of growth. I think that we are not very far from appropriate rates for the u. S. Economy. Alix that is all straight ahead on bloomberg best. Alix hello, and welcome. Im alix steel. And this is bloomberg best. Your weekly review of the most important Business News, analysis from Bloomberg Television around the world. Last week concluded with the g7 summit in sicily. This week began with clear evidence of strain in the g7 alliance. German chancellor Angela Merkel has given her strongest indication yet europe and the United States are drifting apart. Speaking at a munich Campaign Rally at the g7 summit, she said reliable relations forged at the end of world war ii are coming to an end. [applause] Angela Merkel there are times in which we can count on t
Linking russian involvement in the election. Well speak with a former operative who questioned the cias sources on this. David . David very interesting. Back to the markets. The dow closing at a brand new record high. Call it paul krugman high, how about that . 15th since the election. Were about 200 points away from dow 20k. Johnson johnson, pfizer, walmart among todays biggest boehners. Oil driving ahead as well. Phil flynn watching action in oil and gold from the cme. We have lori rothman at the nyse. Phil first. What is driving oil up, phil . Boy, what is it, history, that opecnonopec accord. A lot of people said they couldnt get it done. They did it over weekend. Prices are up higher when they actually closed. They were up 2 1 2 . On the market sunday night it was up 5 . It pulled back quite a bit. One of the reasons it pulled back a lot of hedge funds pot long on rumor the deal was going to get done and took profits ahead of the fed announcement that will come out tomorrow. They
The smartphone market. But is the stock atop of many mutual funds, a good buy for the next nine. Attention shoppers, are you willing to give up privacy for a good deal . We have all that and more on this monday, august 19th. Good evening, everyone. Welcome. His vacation over, president obama got back to work today, and he wasted no time tackling a topic of high interest to investors, not to mention Financial Services executives. At a closeddoor white house meeting he sat down with the nations top financial regulators to get a Progress Report on how the government is implementing the dodd frank law. It covers wall street and the nations largest banks. John harwood joins us from the white house with details on who attended todays meeting, and why it was necessary. John . Tyler, it was financial regulators from all across the government, including the Federal Reserve, cftc, fec, comptroller of the currency. The president wanted to sell his economic agenda, only about 40 of the regulations
Good deal . We have all that and more on this monday, august 19th. Good evening, everyone. Welcome. His vacation over, president obama got back to work today, and he wasted no time tackling a topic of high interest to investors, not to mention Financial Services executives. At a closeddoor white house meeting he sat down with the nations top financial regulators to get a Progress Report on how the government is implementing the dodd frank law. It covers wall street and the nations largest banks. John harwood joins us from the white house with details on who attended todays meeting, and why it was necessary. John . Tyler, it was financial regulators from all across the government, including the Federal Reserve, cftc, fec, comptroller of the currency. The president wanted to sell his economic agenda, only about 40 of the regulations, putting in place the dodd frank Financial Regulation reform have been enacted or completed by the regulators. This was a pep rally to try to get them to fin
Good deal . We have all that and more on this monday, august 19th. Good evening, everyone. Welcome. His vacation over, president obama got back to work today, and he wasted no time tackling a topic of high interest to investors, not to mention Financial Services executives. At a closeddoor white house meeting he sat down with the nations top financial regulators to get a Progress Report on how the government is implementing the dodd frank law. It covers wall street and the nations largest banks. John harwood joins us from the white house with details on who attended todays meeting, and why it was necessary. John . Tyler, it was financial regulators from all across the government, including the Federal Reserve, cftc, fec, comptroller of the currency. The president wanted to sell his economic agenda, only about 40 of the regulations, putting in place the dodd frank Financial Regulation reform have been enacted or completed by the regulators. This was a pep rally to try to get them to fin