Charts straight ahead. Hello and welcome, i am scarlet fu, this is bloomberg best, the weekly review of analysis and interviews from around the world. Lets begin the book at the top headlines with a recession report astonishing report from monday, the Panama Papers. A new report says will letters, criminals, and celebrities used companies to hide their wealth. According to investigative journalists, at least 2 billion in transactions involve people and companies linked to vladimir putin. Canada irm in panama. They are newspapers lighting up with interpretations of 11. 5 million 11. 5 million documents. 11. 5 millionout files from the world fourth. Argest offshore law firm you are try to conceal your identity, conceal your mouth. That is not legal. The issue right now, the law firm, how much protection they have, a huge security breach. A lot of this is legal stuff. And it isillegal, used by High Net Worth individuals for state signing to reduce taxes and completely legal format, and th
Point is down by almost 2. 5 . The ftse is down by 1. 5 . If you look at the price of oil, which was under quite a bit of pressure yesterday, you can see this morning its down another 22 cents, sitting below 36. Lets tell you about some of the big stories were watching today. Perhaps the biggest right now is this one. Shares of allergan are plunging after the treasury and irs announced new rules to curb tax inversion. The two companies releasing a statement saying, quote, we are conducting a review of the actions. Prior to completing the review, we wont speculate on any potential impact. We should say that allergan is one of the Largest Holdings of some of the hedge fund community. Its considered a topten holding of about 80 hedge funds right now. So you might see a big impact in that stock this morning. The stock was down by about 21 . Im saying it may even be worse. Some of the people we know. Were checking the potential impact. Its down 60 points. Theres not a potential impact. Ther
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