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I am francine lacqua. Manus i am manus cranny. We have a pack our. We had a packed hour. The Worlds Largest maker of eyewear. We are going to be talking to the ceo. Keep it here. Manus the extended slump in crude oil prices. Bp announcing a fall and profit for the Second Quarter. The adjusted figure dropped from 3. 6 billion euro 3. 6 billion a year ago. Manus gas producer Beat Estimates, but that income was down to 7. 2 billion. The companies president told brutal bloomberg told bloomberg there is more to come. What you can expect and shortterm you see more supply then demand in the market out there. Pressure on the oil price. That is the situation that will remain for some time. We have indicated that by 2018, we should expect oil price around the shape and form of that development is something that is uncertain. Franc ....
Fiscal 2018 budget resolution today. It will be used to push through 1. 5 trillion in tax cuts. David gora joins us now with a very special guest. I am joined by former treasury secretary jack lew. Let me start with the tax proposal. From congress and the administration signaling the importance of this moment. We have a framework. What is your reaction to what you have seen so far . You. It is good to be with it is just a framework. One has to be cautious because there are not a lot of details. Thereom what i have seen, are several dangerous ideas out there. The fantasy that you can do 6 trillion in tax cuts and have is just for themselves that, a fantasy. Fantasy may be good for fiction, but it is not good for fiscal policy. We have tried this before. It didnt work, and the deficit loaded each time. Years,is last couple of it was tried in kansas, and a republican state repealed this tax cut because it wasnt working. If the Congress Pu ....
Its drive to create a Global Television network. Shares and costs are rising as subscribers switch on. Have amedia influence, i cool chart that shows a much immediate talk is affecting the market. Btv 5195. The blue bar you see on the bottom, they represent how many times you hear in the media, buy the dip. Since 2002. The more you hear this, particularly in the last several years, the higher the markets go. Maybe we have solved the puzzle. Why do these markets keep going up despite all these terrible headlines . Us, really. On saw interesting moves overnight. Not just stocks but also with dollar treasuries. He really is becoming more of a serious contender. Thet yellen speaking with president this week as well. I would love to be a fly on the wall at that meeting. John taylor now emerging as a front runner. The markets as you mentioned, they continue to move higher. We were reaching records again for the s p. The dow gaining 8 ....
To the biggest deal. Changingame transaction. Roaracle is making a desperation move to boost cloud revenue. David weirded money move and why . Where did money move and why . Etfs are sharpening volatility. We see a flight to quality. We are in a low return world. I am not protecting calamity, but im sitting on a lot of cash right now. David join us for a look back at 2016, straight ahead on bloomberg best. Hello, im david westin, and welcome to a special edition of bloomberg best. We review the most important Business Analysis and review for 2016. One of the globally significant events of the year was the u. S. President ial election. We kick off the year in review. Lets turn to the race for the white house and the results of super tuesday. On the democratic side, Hillary Clinton jumped out to a big lead in the delegate count after winning seven states, compared to four s ....
To the biggest deal. Changingame transaction. Roaracle is making a desperation move to boost cloud revenue. David weirded money move and why . Where did money move and why . Etfs are sharpening volatility. We see a flight to quality. We are in a low return world. I am not protecting calamity, but im sitting on a lot of cash right now. David join us for a look back at 2016, straight ahead on bloomberg best. Hello, im david westin, and welcome to a special edition of bloomberg best. We review the most important Business Analysis and review for 2016. One of the globally significant events of the year was the u. S. President ial election. We kick off the year in review. Lets turn to the race for the white house and the results of super tuesday. On the democratic side, Hillary Clinton jumped out to a big lead in the delegate count after winning seven states, compared to four s ....