Manages 453 billion in assets. It is time for some top stories. In france, is suspect in the foiled attack on a train has been charged with terrorism. The man is a moroccan who has links to radical islam. s lawyer says he only wanted to rob passengers. Some candid comments from president obama about his event. T at as private he said he is figuring out how to deal with the crazies. The white house with person says the president may have been quick with his remarks but we have seen republicans do wildly irresponsible things. Another day and another media viewed for donald trump. This time he got into it with jorge ramos. Ramos stood at a press conference and began asking trump about his immigration proposal. To. You were not called. Sit down. Sit down. Goahead. You have not been called. I have the right to ask a question. Go back to univision. Sit down, please. You were not called. Ramos was later allowed into the press conference. He and trump argued about illegal immigration for about
Muted start. And Chlorinated Chickens, the Electric Mini and tech titans well be looking at whats been a busy week in today we want to know does great wealth bring great responsibility . Yesterday amazon founder jeff bezos was, briefly, the richest person in the world what would you do if it was you . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with retail giant amazon it has seen its shares fall sharply after its latest figures disappointed wall street. The good news it is raking in huge sums of money as its sales keep expanding. The bad news its spending a fortune on developing its business and that is making investors nervous. Lets show you the details. Total sales in the three months tojune jumped almost a quarter compared to last year to just under 38 billion. Unfortunately they spent almost all of it Operating Expenses surged to well over 37 billion. That means there wasnt much actual profit a comparatively measly 197 million and down 77 on last
Kuroda versus draghi. The pboc hikes its yuan reference rate. Global equities continue to track the chinese currency. We will track that correlation. A nice charts. That will be coming up later. In the battle of the charts which i feel fairly confident about this morning. This move by draghi is significant. He says that channel is not working and we will try something different. Not it is clear he does have that much effect on the currency other than moving it out. The euro holding its strength. What will that do for the banks . Will that be their lifeline. We have a lot to discuss this morning. Some of this will be reaction to draghi and what he did and what he will plan to do next. Guy we will kick that around. Some great conversations coming up. We less than half an hour away in the European Equity market. I bring you a new function. Thatis a first thing bloomberg customers should look at first thing in the morning. It is ais a board heat map on steroids. This is showing you the mov
We take you one of one of the biggestever global money scandals began, panama, and the law firm that helped the rich and powerful conceal their wealth or avoid taxes. The socalled Panama Papers has prompted the Prime Minister of iceland to resign and has others in its crosshairs. Today eamon javers talking about to the money who cofounded it all, jergen mosac. Welcome to panama city, a neighborhood with a lot of law fishes, Small Businesses and bakes. Behind me are the offices of mosav fonseca, the law firm at the epicenter of the socalled Panama Papers scandal. Earlier i had an opportunity to sit down with jergen mosac, one of the founders of the firm, and i asked about the scandal, the impact on business, and whether or not he knew open important political figures had business dealings here. Did you know Vladimir Putins aides and associates were using the services of fonseca . No. When we find out names like putin or like other heads of state, it is always through the media. It means
Tyler matheson is off. We take you one of one of the biggestever global money scandals began, panama, and the law firm that helped the rich and powerful conceal their wealth or avoid taxes. The socalled Panama Papers has prompted the Prime Minister of iceland to resign and has others in its crosshairs. Today eamon javers talking about to the money who cofounded it all, jergen mosac. Welcome to panama city, a neighborhood with a lot of law fishes, Small Businesses and bakes. Behind me are the offices of mosav fonseca, the law firm at the epicenter of the socalled Panama Papers scandal. Earlier i had an opportunity to sit down with jergen mosac, one of the founders of the firm, and i asked about the scandal, the impact on business, and whether or not he knew open important political figures had business dealings here. Did you know Vladimir Putins aides and associates were using the services of fonseca . No. When we find out names like putin or like other heads of state, it is always thro