Buck and goes lower. Thats what happened today, dow slipping 29 points, s p falling. 10 . Now, i know that individual stocks can transcend oil now and then, but oil is in control right now. We might as well go right into our game plan because the most important thing happening next week at the height of earning season is what depose on this weekend in doha. Thats when Oil Ministers from opec and russia are getting together to talk about freezing production. This meeting really isnt about freezing anything. There are way too many countries moved and opec itself is basically broken, its every country for itself in this oil market. Im not saying its irrelevant, especially given the endless rumors of having it were crucial in lifting the price of crude from 26 bucks to 40 now. I am saying, though, that what really matters is supply and demand. And right now supply is indeed being cut back in the u. S. , prices are too low. Maybe by as much as a Million Barrels while demand worldwide is pic
World. M talking about what some are calling an unprecedented leak of more than 11 million documents from one of the biggest offshore law firms that shows how some of the most richest and powerful people use tax havens to their advantage. No americans have been named, so far. One trail seems to lead to russian president vladmir putin. The others include president s from iceland and pakistan. The biggest revelation show how some created Shell Companies and secret investments. Theres still much we dont know. First off, these structures are not necessarily illegal, is that correct . Thats right. Under u. S. Law, any way. Were dealing with people around the world. Under u. S. Law its not necessarily illegal to have an offer shore company. You have to disclose the assets when its time to pay your taxes and presumably a lot of people did it to avoid paying taxes. You have to go on a case by case basis to determine that. Why no americans on the list, at least so far . Thats one of the great m
Calling an unprecedented leak of more than 11 million documents from one of the biggest offshore law firms that shows how some of the most richest and powerful people use tax havens to their advantage. No americans have been named, so far. One trail seems to lead to russian president vladmir putin. The others include president s from iceland and pakistan. The biggest revelation show how some created Shell Companies and secret investments. Theres still much we dont know. First off, these structures are not necessarily illegal, is that correct . Thats right. Under u. S. Law, any way. Were dealing with people around the world. Under u. S. Law its not necessarily illegal to have an offer shore company. You have to disclose the assets when its time to pay your taxes and presumably a lot of people did it to avoid paying taxes. You have to go on a case by case basis to determine that. Why no americans on the list, at least so far . Thats one of the great mysteries here. One of the things we d
Calling an unprecedented leak of more than 11 million documents from one of the biggest offshore law firms that shows how some of the most richest and powerful people use tax havens to their advantage. No americans have been named, so far. One trail seems to lead to russian president vladmir putin. The others include president s from iceland and pakistan. The biggest revelation show how some created Shell Companies and secret investments. Theres still much we dont know. First off, these structures are not necessarily illegal, is that correct . Thats right. Under u. S. Law, any way. Were dealing with people around the world. Under u. S. Law its not necessarily illegal to have an offer shore company. You have to disclose the assets when its time to pay your taxes and presumably a lot of people did it to avoid paying taxes. You have to go on a case by case basis to determine that. Why no americans on the list, at least so far . Thats one of the great mysteries here. One of the things we d
Efforts for Malaysian Airlines flight and age 17. Flight mh17. Bloombergs Ryan Chilcote joins me on the phone on brussels. Good evening. The 298emains of 282 of People Killed on flight 17 are now into refrigerated train cars and they are finally in route family and route to a city they are finally and wrote to a city. It could take as 12 hours to get there. Their plane took off a full four days ago from amsterdam. It should be comforting news for the families waiting for those remains. Not good news for the 16 who have yet to be found. The other news we have is the have been handed over to malaysian investigators. It happened in the last couple of hours. They have been waiting for those black boxes for a very long time. Four ministers from the European Union are scheduled to meet on sanctions against russia. What can we expect . Perhaps more sanctions. The prime it is to has been speaking tougher than any point then it any points in this crisis then at any point in this crisis. Wheneve