Eventuality of striking an agreement to reach this bridge agreement that will lead us to a new, shall i say, social contract with our European Partners within six months. A contract for growth, social cohesion and forgetting greece out of the crisis. He wants to ease the terms of the bailout deal. According to officials germany will not insist they greece live up to all the terms. German gdp rose 0. 7 more than twice as forecast. The French Economy slowed down. Italy stagnated after two quarters of contraction. The news about the German Economy sent the dax to a record. It broke through 11,000 for the first time before pulling back. Equities are at a record in the u. S. The nasdaq composite is close to a 15 year high. Here we go again. Rollsroyces profits fell 8 . President obama hosting that conference on Cyber Security. He wants companies to share information. For Big Companies declined the invitation. They are mia, but they are sending representatives. Peter, what is up with this vacuum . Does take some of the star power out of it but tim cook arguably the most powerful tech ceo will be there. No question about it. The white house would have liked to have had some of the ceos take part. Instead, the chief Information Officers that a lot of these companies are taking part. The relationship between the president and some of the ceos is not what it used to be. It takes a little bit of leicester leicester luster off of the event. We have got some news already. The president is announcing a new executive action dealing with Cyber Security that basically creates a framework that allows the private sector to create communicate with each other, but also with the government. There are suggestions that it will bolster the effort to join efforts with the private sector and Public Sector to do with the threat of Cyber Security. We are having this conversation because of the cyber hack. The cyber hack at sony. Does this give republicans some sort of opening with Silicon Valley . They have made inroads in with the Tech Community in Silicon Valley. The reality is that on so many policy issues, republicans may not be exactly on the same page as the Tech Community. A lot of the Tech Companies are with the president on keeping the internet as open as possible on the issue of Net Neutrality. Republicans are fighting the proposal of the fcc, fighting it in congress. Thank you so much, peter cook, our washington correspondent. Moving and shaking this hour. Sheldon adelson. Now that mitt romney has decided against running for president , Sheldon Adelson is happy to have him over for dinner. Romney has been give it at the coveted dinner seat. Sheldon adelson has made it clear that he likes mitt romney but does not think he is the best republican to lead the country. He give 15 million to Newt Gingrichs campaign. No word on who Sheldon Adelson will back next year. Jeb bush is now in the spotlight. He has been making the rounds, fundraising in new york city all week long. There he is. There was a 100,000 ticket event. Then there was a wall street breakfast. On politics i want to bring in my guest host for the hour, leo hindery, who has been a fierce democratic supporter on wall street. You have said that jeb bush might be a favored candidate with big business, but he has zero foreignpolicy experience and that is what is going to hurt him. Historically, there has been a schism between the women and men who run from the Congress Side of the equation and those who run from the governor side. Jeb bush has been stable as a governor. There is nothing in his resume to suggest that he is brilliantly informed on foreignpolicy. His father spent his entire life in the washington sphere which at one time he was head of the cia. His brother had the same issues. George w had no particular insight to the foreign side of the equation. So he brought in the neocons, wolfowitz, rumsfeld, cheney. You think jeb would do that again . I think we will find out where he stands on these issues based on who he hires. He is an able intellect. It is not a knock to suggest that his resume lacks insight to these complex for in issues area in his case, he will see more like his brother. I hope unlike his brother that he will not hire the neocons. He will be judged by who he hires in the next few weeks. Hillary. Are you liking what you are hearing so far . Im not the interventionist that mrs. Clinton is. You can get a little quick on the trigger. The mess we are in in the middle east today is a remarkable absence of geography history, and theology. These are complex regions of the world. Just because we are the biggest, most powerful nation in the world does not make us full of answers. What i have been concerned about with this administration the Obama Administration does not have great senses of history and theology and geography. It also keeps a very small circle of advisers. I was very disappointed that the president is not reached out to the great minds who are informed on these regions. He is prone to be an interventionist. This nightmare in syria is one of the great upsets ever. Too little, too late . When colin powell advised george h. W. Bush about iraq he said you break it on your own. Syria is a great example of that. Since 1973, syria has not been the maelstrom of the middle east , it has been elsewhere. When we broke it, so to speak and said, because well elect democratic institutions, youve got to go iran licked his lips, isis was created, and now you have this situation. Now you have this. It is a borderless conflict. Because Islamic State itself is borderless. Let me just stop you for a moment. You are sounding awfully more downbeat about Hillary Clinton then i would have expected. Hillary clinton brings a resume that is so well known to all of us since 1992. We have never had a candidate of any sort who has been on the front pages of our newspapers for 23 years and counting. I am worried about three things with secretary clinton. One is her sense of intervention. It is higher than i would like to see. I am also deeply concerned about her ongoing ties to wall street. I am more in the Elizabeth Warren shake your fist at them category. You cant state shake your 1960s hippie nest, can you . You can if you have a mansion on the hamptons. [laughter] we will be back with leo hindery coming up. More on politics later today. House ways and means chairman paul ryans its done with peter cook. That is at 3 00 p. M. Eastern time. That is a bloomberg exclusive. More on Cyber Security policy. Will the president have bipartisan support . We will speak to a republican congressman. It is 15 minutes past the hour. Rebel schelling has been reported around rebel held cities in the eastern part of the country. There are concerns about whether the ceasefire will happen. 1500 jobs will be cut in the russian can wing. The bank employs more than 15,000 people in russia. The ball of our bolivar tanks on the first day in the new forex system. As we mentioned, president obama will be hosting a wideranging Cyber Security summit. Heavyweights are missing from the table like Mark Zuckerberg larry page, and marissa mayer. Ceos are still reeling from the nsa scandal involving edward snowden. The president is expected to release a executive order about Cyber Security. Joining me now from washington is republican congressman will hurd, a former undercover cia officer, now above cover. Leo hindery is staying with me as my guest host. Ok congressman, does your president have your support on this . There are some elements that do make sense. Some elements are all going on but there are some elements that i disagree with. He is going to announce the creation of a new center. It is going to be additional bureaucracy. I think we should fix it by strengthening the existing elements. We need to increase cooperation through stronger Liability Protection for the private sector. That is missing, but i think there are opportunities for us to work together. There will be legislation that a think we can get to the president s desk that will be fine. I think this is one of those areas where i think we can work together. Is this Cyber Security thing just a thing that everybody was asleep at the wheel on . I think the congressman will to you that a lot of people were at fault. This initiative is six years old for this administration. When target got hacked and home depot got hacked, we did not care at a governmental level. It was pox on their houses. The sony action, small as it was, was the bridge between the National Security aspects and the commercial side. I dont care of larry page and mercer mayer show up i am more just in moynahan from bank of america. It is not going to be solved by google and facebook and yahoo . This is going to be solved by a quiet cooperative effort between commerce and america, the identities they can be hacked and pay a penalty. Congressman do you agree . Leo alluded to some very good points. There are Big Questions that we have to answer. We kind of understand a digital on physical attack. What warrants a digital on digital attack and what is the appropriate response . These are basic questions that we have not answered as the government and that is important not only to the federal government, but also to the private sector, as well. You just outlined something that to me is very scary, as a citizen of this country. His throwing 14 billion into the fiscal budget for the are going to be enough . I dont think we need 14 billion to answer these questions. Wed folks who have understood the nuances of these conversations to have conversations. I have been at the pinnacle of the information sharing game and i know what is available and we need to make sure we are pushing as much information out from the federal government to the private sector to make sure they are protecting themselves. I think there is a problem with overclassification of information. Liability protection is very important. That will give incentive to the private sector to share information. The congressman is so right. We dont need 14 billion. There are women and men in the commercial side of the economy and in National Security wing who can get this done. The congressman can get it done. Let me bring it down to a minute level. One of our organizations has been hacked. I know that my data was a part of that hacking. I am sitting there going, i know my information is out there. What do i do . You have a cyber team at bloomberg and there is a cyber team at every major commercial establishment. They just need to cooperate. I know there are people working to make sure that our data does not get into the wrong hands. How do i really know that . That is what is so nefarious for the sore and affected by it individually. What do i do . That is the first thing. You make it a commercial National Security initiative at once. Congressman, thank you so much for joining me from d. C. Much more ahead, king digital proofs it is a lot more than just candy crushed. Shares are soaring in the premarket. You are watching in the loop. Here is a look at our top company news this hour. The maker of the video candy creches proving it is not a onehit wonder. Shares of king digital are up 16 . Sales other than candy crushed rose in the last quarter, among them farm heroes and pet rescue. More things to waste your time with. Xiaomi is taking its first step into the u. S. Market. The u. S. Is a trendsetting market. We have new audiophile grade headphones, which is a beautifully designed, incredibly high quality stereo hifi headphone. We would love to get feedback on that product from consumers here in the u. S. It would help and make it better for the entire world. Apple has criticized xiamoomis phone saying they look a lot like the iphone. Lyft is in talks to raise 250 million dollars. It is struggling to get out of the shadow of its larger rival uber. Jon stewart shocked the world when he announced that he is stepping down as the host of the daily show. It is a big shock to Comedy Central and the Parent Company viacom. As the media giant faces lower ratings across all of its networks, many investors are worried that cable providers will want to drop the companys bundle of channels. We are joined by leo hindery. The managing partner at intermedia partners, my guest host for this hour. Earlier this morning, you are saying that one of our producers raised a very good question. Without jon stewart why is anyone going to bother watching Comedy Central . Jon stewart was much more than a half hour of onair talent. He was a focal point of a medley of programming of very talented talking heads. He was a talented farm. Colbert came from him. John oliver came from him. Comedy central, the entire Value Proposition today is that talk these late in the evening. When john leaves bad things begin to happen. The bundle concept is a larger debate. The viacom channels need to get some resuscitation here. For those who dont know the viacom channels, mtv, which had been a crowning jewel during the jersey shore days. Nickelodeon. Tv land. Who watches that . Ok. Folks dont value the viacom bundle is highly as they used to. There is data backing that up. We know that viacom sits along cbs as a genuine sister. Viacom needs cbs more than cbs needs fire,. The stewart exit is a big part of that. Ud value the Comedy Central franchise for a while. It is so interesting to see how powerful jon stewart was to Comedy Central and to viacom. 60 Cable Operators have essentially dropped the viacom bundle in the last year or so simply because they have seen struggling ratings on these channels. There was also talk that Cable Operators would schedule their contract talks with viacom when john stewart was on vacation, so that they would not have to worry about any sort of blackout threat. Some of that may be hyperbole but it just underscores how dangerous it can be and you can pin your hopes and your dependency on one person or one brand. Les is a programming genius. Some of the genius is missing on the programming side. To see them come together you are going to have to see a resuscitation of the creative side of viacom is the ceo of i come a viacom, he is a former attorney. I dont know if he is a programming guide. Leo he is very close to sumner. He will run his estate when mr. Sumner passes. Betty he says he is never passing, remember that . Leo i said to you at the break, this is the most interesting time in all the decades i have been in and around the media industry. The premise for decades was that all boats rose on the rising tide. We are seeing some boats sink when the tide rises and others go up. There is a lot of contrarian outcomes. That my success is now obviously your failure in certain aspects of the media industry. When you get these hallmark moments of jon stewart leaving, in the old days, it would be a moment in time, now it is a perilous outcome for viacom. Betty it now calls into question more about this cable bundle and whether that will be roque and eventually. The broken eventually. Leo i think the bundle is important. It is important that there are channels like cspan and nickelodeon and Comedy Central. And channels that target ethnicity, and target, and faith. They just cannot cost too much. The category that costs too much is sports. The women and men who are listening to us this morning without knowing it, without voting on it, are paying monthly about 30, 40 a month for embedded sports. It is not that nickelodeon is overpriced or Comedy Central is overpriced, they are being judged against the price of the bundle exceeding the capability of the audience. Betty comcast, time warner white out think that has gone through why dont you think that has gone through . Leo it is a logical, appropriate deal. Once it was announced once at t announced that it wanted directv at the same time, the challenge to the Commission Group grew greatly. They had to assist 2 macro deals. On top of that, we got dumped on Net Neutrality as a third issue. I think comcast time warner is appropriate. I am having troubles with my microphone today. The technology genius, bloomberg. It should go through. Betty it is just taking a long time. Leo it got mired in Net Neutrality. It should not have been. It got mired in the duality. Betty you are proNet Neutrality . Leo as i define it, i am very pro. I think that neutrality needs to mean three things that poor kids have as much broadband capacity as rich kids. It also should mean that people who provide Broadband Services do not discriminate against other peoples content in favor of their own, if they own some. Thirdly, it should mean that bandwidth hogs should pay the price. To think that that extrapolates in the president s mind making broadband a public utility is simply absurd. There is in a country in the world who agrees with our president on this issue. I came down a public utility this morning called lexington avenue and fell in a pothole that could have killed me. Broadband is the future of our economy, the future of our education system, the future of our infotainment networks, and to think it belongs as a public utility is crazy. Betty to be reg