Steyer: Market's Short-Term Reaction Not Concerning

Nov. 9 (Bloomberg) -- Wall Street's best and brightest discuss the direction of the US economy. They speak on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)

The Winners and Loser of an AT&T-Time Warner Deal
13:28 - AT&T's agreement to acquire Time Warner for almost $109 billion includes $22 billion in net debt. AT&T's pro forma net leverage ratio will increase to about 2.85x, based on consensus 2017 Ebtida estimates for both companies. This compares with AT&T's current net leverage ratio of about 2.3x and its previously stated long-term goal of about 1.8x. AT&T has a long-term goal to increase its high triple B credit ratings from Moody's and S&P to the single A category. Berenberg Senior Media Analyst Sarah Simon discuss with Guy Johnson on "Bloomberg Markets: European Open."
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