In the media and the several media reports mention a total of at least 55000000000. 00 euros oil. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect the become ex is the perfect crime of this for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie. Banks and investors took advantage of the law. There was never a loophole it simply theft. The players big banks and super rich investors. Only i was able to help clarify a very complex. Sure. What that the politicians know. Is the point comics are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors conjuring trick work was there a legal loophole or
Seen the abend flow. Flow. Ched the ebb and we are right now on this radio and tv simulcast in a major state of flux in terms of market dynamics. Jonathan in detention in europe continues to build. The lockdowns, if we can call them that, in the last 24 hours, versions of them in france and germany. And then the news out of nice, france, investigating a knife attack. I want to avoid speculation and stick with the facts. We are learning very little about what has happened in the last couple of hours. Tom it is an overlay on the pandemic. We just spoke with nicholas finn. , thee continent of europe boat capsizing on the English Channel a day ago. Immigration is different over there. The social tensions are different than america, arent they . Jonathan it is, but the social tensions in france are very unique at the moment around islamic terrorism and the weekly satirical nasa getting weekly hebdocal cartoon charlie has produced. We have seen this far too many times, and unfortunately we a
So shes in the median but several media reports mention a total of at least 55000000000. 00 euros. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect to have become ex is the perfect crime it does for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie not just. The hanks and investors took advantage of the law. There was never a loophole it was simply theft. The players big banks and super rich investors come to hold them to mostly i was able to help clarify a very complex issue of. What did the politicians know. Its cute when charm acts are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors
Advisor has resigned. It comes one day after President Trump fired mark esper. Not give a reason for his resignation. A vatican investigation to x Cardinal Theodore mccarrick has found bishops, cardinals, and popes downplayed or dismissed reports that he sexually abused children and adults. The vatican took the extraordinary steps today of publishing its twoyour internal probe into mccarrick. The report places most of the blame on the late Pope John Paul as 1999, newarly that the behavior was problematic. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Will there be any thawing of relations between china and the u. S. Under a biden presidency
Onwelcome all of you Bloomberg Radio across this nation and bloomberg television. Extraordinary Market Action yesterday, truly historic. We will get to that in just a moment with someone who has a wonderful test but a wonderful tapestry of the history of the market. First weve got to get to the news flow. Are we still doing election 2020, or have we moved on from that . Jonathan i think it may come back on the agenda, but today is as yesterday once again, just a little flavor of mondays price action. You will find it in names like amc entertainment, and the airlines. You will find it at the index level. The relative performance of the russell versus the nasdaq continues. You could drive a truck through it this morning. Russell futures are up by about 1. 6 . Nasdaq futures are negative on the session. Cyclicality starting to come back into this market. Youve got to ask yourself where the risk is in this market, and the risk for many people in this market is where people thought was safe