The Paradise Papers an astonishing view into a world in which prophet reigns king for an entire year an International Consortium of investigative journalists analyzed an enormous trove of leaked documents many of which come from appleby one of the largest and best known offshore Legal Service providers. Its clients include politicians major corporations and celebrities. This time. The things the set those we see are mostly legal but the end result is the same people dont pay taxes the Paradise Papers is a joint. Project comprising almost four hundred journalists some from the new york times. There are several from connected people who are in the files. That actually show a business relationship between senior members of the government on people who are in putins inner circle. Others may be the biggest thing ever and in fact theyve never henri that. Any. Debate. Without these was a leak of leaks act here we are id eat again. Its like a hydra you cut off one head to grow back. Its a netw
Is the market going to be right again . How divided is the e. C. B. s governing council on the exit from easing . 12 u. K. Meeting at time. Matt . Matt were less than half an hour away from the start of european trading. Happy thanksgiving by the way to you as well. Because the u. S. Markets are closed you may see a little bit less volume today and tomorrow nobody in his right mind is coming to work either in america. Be prepared for light volume that could mean a lot of more volatility than we typically expect. Here you see futures pointing down across the board. Take a look at bonds here. A three day chart of bonds on my screen. The yield on the german debt shot up yesterday to 38. It is back down now to 34. Were looking at bonds, bond buyers that are sellers again today in the german and european market. Guy . Guy lets talk about the big story over the last few hours. The cross alselloff we have seen coming colossal selloff coming through in china. I think the c. S. I. Could be 17 m
Futures for tech. Lamborghini rolls out a luxury suv. We will speak to the companys ceo at 9 00 a. M. U. K. Time. Looking forward to that. Matt absolutely. I am looking forward to seeing how we open up this morning because of that tax news out of the u. S. It will be interesting to see how this rotation continues in europe. We have some chipmakers. In finney germany and the Big Industrial Technology Companies across the continent. Take a look at what we see in the futures, positive indications with the exception of the cac 40. There is a catalonian issue we will talk about as well. Although very little change in those Index Futures on the dax Index Futures. A gain of 1 . Take a look at treasuries. Not a lot of movement. The perception of a dip in yields on friday. We have been trading pretty sideways at 2. 388. 2. 4 percent but not going much above that level. Guy lets take a look at the gmm and show you what it is showing us at the moment. And want to focus on what is happening over h
Control these assets. We will dig into the implications for netflix because they potentially stand to lose possibly the most if fox and disney pull together and emphasize hulu, their direct competitor to netflix. Alix Lisa Abramowicz is joining me, by the way. Fox. Y will be buying the deal looks to be about 52. 4 billion. Disney will assume 13. 7 a foxs debt. This also means that disney will by foxs 39 ownership of sky and bob iger will remain ceo through 2021. A look at whats happening to the stoxx premarket. Disney up 4 10 of 1 . The news was widely expected. Take a look at fox to see what shares are doing. By about a few percentage points. Fromt to get more reaction gita. What is your initial reaction to the deal . This has been in the works for about a month or so. All of these rumors and news reports. Disney instrumental for for its streaming strategy. Gives them a lot of heft in the marketplace. A lot of ammunition in terms of a deep library of content. Increases negotiating lev
Back to gadgets . We will be live this hour. Betty a jampacked day today. You cannot get the bond kings to not talk today. This is noting that the 10 year, seemseasury bull market to become to an end and the bear market is starting with a yield and hitting 2. 5 and then you have jeffrey, coming out of the later, also in his outlook and webcast when he talks about bill gross saying that this might be a little early but with these yields rising, it is going to hurt u. S. Equities, he noted that everything about two point 63 is going to start hurting equities and that is why he sees the negative return in 2018. Heard that from a lot of the analysts we have heard talk to. But perhaps he jumped the gun when it comes to calling and confirming the end of that bowl, on the market. Bullbond market. It is going to be very interesting when it comes to the face income and currency. Lets see who is right we did see another day of record in tear, the s p , igher and as you can see all that is having