Oneday decline in almost a month. Joe definitely not too dramatic to getting to be a bit more of a selloff. Won a look at the inversion stocks we were looking at today on the new doj. Allergan was off by 15 . The worst performer in the s p. You also have Progressive Waste Solutions and apple. All of these guys are looking for some kind of mergers or inversions that could be stymied by the treasury rolls. Mike mckee has the best that of the day when it comes to allergen, erasing almost 20 billion of market cap in one day , and the treasury trying to save 20 billion over 10 years. They erased it from allegan and are trying to help the Treasury Department get it over 10 years. I love the juxtaposition between those stats. Joe i want to talk about interesting stuff in fixed income, interestrate world. Bund 10 year yields falling to the lowest level in about a year. You expect to see the riskon scenario, Interest Rates rising. Not happening here. This is the ultimate safe haven. People are
We had some importing use. Market movement, a lot of volatility. Tom a lot of volatility. We will cover that with paul donovan. Excusepresident me, the president and the chair will meet today at 3 00 p. M. What chair yellen will discuss with the president , but they are meeting. Francine i dont know if this happens very often. They may talk longer term. Tom maybe they will look at Washington Capitals prospects. I dont know. The stanley cup is upon us. Francine there you go. Lets get to the bloomberg first word news. Heres Caroline Hyde. Caroline the international furor over the penama bakers the Panama Papers anders its second week. Over the weekend, cameron addressed concerned Party Activists that acknowledged shortcomings in his handling of the matter. President argentine is promising to put his assets in a blind trust after he was linked to two Companies Listed in panama. Foreign ministers from the group of seven industrialized nations are meeting in japan, calling for a renewed pus
Of england as it considers the grand distortion. Will get a view on what is happening on the u. K. We will work our way through this show. We saw a big stock rally, and at imf telling ushe the growth story is pretty bleak. The singaporeans telling us they need to get back into crisis mode. Hans it captures what is going on up there. Some people are saying steady as it goes them we see the capacity of a single bank saying lets intervene. We could potentially have a a currencyr or conversation. And all that gets you excited. Guy you have to find something to get excited about. Equity markets probably not going to provide that. Yet, a huge rally for jp morgan. Expectations pretty low. On quarter quarter and beat expectations, but it was still down. This talk about we start morning, this is how the numbers look. Similar picture, it is thursday that means a bunch of stocks going dividend in london. Just be aware of that. That is called at the level stronger the most than most. Unsurprising
Inland revenue from the beginning, properly audited and in the annual return was omitted to Inland Revenue every year. The share price was listed in the financial times. It wasnt a family trust, it was a commercial Investment Fund for any investor to buy units and get u. K. Investors paid all the syntaxes as with any other share, including same taxes as with any other shukman included income tax. There have been some deeply hurtful and profound entry allegations made against my father profoundly untrue allegations made against my father. This Investment Fund was set up overseas in the first place because he was going to be trading predominantly in dollars security. Like very many other commercial Investment Funds, it made sense to be set up inside one of the main centers of dollar trading. There are thousands of these Investment Funds, and many millions of people in britain who own shares, many of whom hold them through Investment Funds or unit trusts could such funds, including those
Tried last the interviewee, please make me smarter. Rancor,hat despite some a lot of passion, that everybody feels a little bit smarter. If you want me to, i will ask how many people may change their minds in anyway based on the conversation tonight. Does anybody feel any differently about this issue having sat through two hours of discussion . I see one hand. I saw three hands. [applause] [captions Copyright National cable satellite corp. 2014] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] james jones testifying about violent extremism. Live at july p. M. Eastern on cspan3. British Prime Minister David Cameron spoke at the house of commons today about the Panama Papers and his decision to publish is tax returns. That is next on cspan. Then, remarks from treasury secretary jack lew on the global economy. Journal, live every day with news and policy issues. Coming up tuesday morning, the former d