Dont tory asli volatile cryptocurrency as the countrys economy founders so this was an aljazeera english and they looked at after years of being knowing about bitcoin it was only when their country banks started to fall apart when their credit default swaps suggested theres a 99. 5 percent chance of them bank going bankrupt and banks introduced the same thing that we saw back in 2011 with cyprus and they had the balans 1st they have the limit on the amount of money that you could withdraw so in lebanon we saw Something Like 4050. 00 a day that theyre allowed to take out and they focus on a guy name are who asked for a surname to be withheld. He says hes not standing around helplessly he is trying to move what is left of his savings out of lebanon via a financial instrument meant many in the country have not embraced until recently big coin quote suddenly everything turns upside down and all the options are open said mark wright whats amazing is that this discussion of whats a better st
Supply, reigniting concerns to geopolitical risk. An barrier, billionaire Money Managers Led Hedge Fund gains in the industrys best performance in a decade. Plus, is that the Tipping Point . Politicians and executives dissent on davos, a debate on whether the biggest drivers of the global drivers economy are picking. Two in for a huge week on newsmakers at the World Economic forum right here on Bloomberg Television. We are just under an hour away from the start of cash equity trading across europe and the u. K. Lets look at where futures are pointing us. Were looking at green arrows on dax, cac, ntt ftse futures. At cac features are unchanged right now. We see green arrows on ftse futures. U. S. Markets are closed for Martin Luther king jr. Holiday. Equity markets want be trading. But you do see futures pointing higher after a record close on friday. Oil jumped amid turmoil in libya. Caught in the crossfire of the nations civil war. Iraq temporarily halted work at an oilfield yesterday
Developing news, attorneys for thousands of the victims shared their questions and concerns about pg es settlement offer. Abc 7 News Reporter is live where they met. And that meeting wrapped up just a short time ago. What did you learn. Reporter the lawyers say theyre representing between 35 and 40 victims. Some of the victims say theyre still trying to understand the very complicated details of this 13. 5 billion settlement. The settlement comes after two years of intense negotiations on behalf of the victims of the wildfires that occurred. It also includes v warehouse fi oakland. As i mentioned the victims will get 13. 5 billion. It has to be paid in cash, the other half paid in stock. The stock will be monetized which means itll be turned into a money and then paid out to the victims. Lawyers say once pg e emerges from bankruptcy the victims will be given stock from the new Company Clear of any past pg e liabilities. So theyre actually drawing upon the future value of pg e to compen
Past pg e liabilities. So theyre actually drawing upon the future value of pg e to compensate the victims and to extent that they are doing that, theyre drawing upon the fact they will be generating billions of dollars in income as a public monopoly. A singing father of three, and he says he understands that lawsuits are complicated and he trusts the lawyers, but hes still uncertain about the stock option being the best option. The stock is very risky. People we cant take anymore risk. Reporter ceo bill johnson wrote from the beginning of the chapter 11 process getting wildfire victims fairly compensated especially the individuals has been our primary goal. We want to help our customers, our neighbors and our friends in those impacted areas recover and rebuild after these tragic wildfires. Now, governor gavin newsom has approved of a settlement, but it still has to be signed off by a bankruptcy judge. It lawyers anticipate a decision on that to come within the next few months. If all g
Posted thirdquarter earnings that missed estimates. We also have details ahead. Hack away. The u. S. Government says russia, china, and iran will seek to meddle in u. S. Elections going forward. How vulnerable are we . We get opinions from ethical hackers in our electioneering series. First to the top story, all about uber. Shares hitting a record low. Actions restrictions lifted. Years largest u. S. Ipo are now down nearly 40 since its may debuted. For more, walter joins us with in new york. With me and san francisco, Lizette Chapman who covers the company for Bloomberg Technology. Breakdown. What did we learn today . Reporter exactly what we expected. There was 1. 7 billion shares outstanding. A large swath of them have traded hands. Most widely traded stock today. Just sick ofle are waiting around for it to get better. We saw the stocks fall. There are some questions around when this could continue, considering a number of early investors are not underwater and could see potential u