bank of _ biggest. the race started between 40 wall st, the bank of manhattan i wall st, the bank of manhattan building ing put a _ so the bank of manhattan building put a crown on top of their building. _ put a crown on top of their building, topped out at 925 feet. and chrysler snubbed his nose at them _ and chrysler snubbed his nose at them and — and chrysler snubbed his nose at them and kept on going, with the addition _ them and kept on going, with the addition of the spire, the stainless steel— addition of the spire, the stainless steel art— addition of the spire, the stainless steel art deco spire on the chrysler building _ steel art deco spire on the chrysler building it— steel art deco spire on the chrysler building. it took the height of the building _ building. it took the height of the building to 1046 feet. the first building — building to 1046 feet. the first building taller than the eiffel tower — building taller than the eiffel tower. the empire state building had been progressively getting higher and they had determined to knock off at 80 stories, or 1000 feet, in large — at 80 stories,

actually, the race started between a0 wall st, the bank of manhattan building, and the chrysler buildingoff at 875, 900 feet, so the bank of manhattan building put a crown on top of their building — it topped out at 925 feet. and chrysler snubbed his nose at them and kept on going, with the addition of the spire, the stainless steel art deco spire on the chrysler building. it took the height of the building to 1,046 feet. it was the first building taller than the eiffel tower. the empire state building had been progressively getting higher, and they had determined to knock off at 80 stories, or 1,000 feet, in large part because of the 0tis elevator company, which told them that cables any higher, or any longer, than 1,000 feet would simply collapse under their own weight. john tauranac there. here in the uk, nightclubbing returned to liverpool — only as a trial — but it was the first time people have been allowed on to the dance floor since the pandemic began. and on sunday, it's the turn of live music as a festival will be held in the city with an audience of 5,000. even if a success, t

of bill wings management in march. it left big banks in europe, asia, and the u.s. with more than $10 billion in losses. sources tell bloomberg federal prosecutors in manhattanent request for information to some of the banks that dealt with the firm. no official comments yet. the australian city of melbourne is entering its fourth lockdown. the hub of 5 million people and all other parts of the state of victoria are facing seven days of restrictions. it tackles an outbreak of the variant first identified in india. australia is far behind in vaccinations due to a combination of lacking supply and hesitance are taking the shot. president biden is renewing calls for a probe into the origins of the coronavirus. the president says the intelligence community delivered a report to him earlier this month on the virus. it acknowledged divisions over whether it was naturally occurring or if it had leaked from the wuhan institute of a rolla g. experts say the origins may never be clear. switzerland has refused to sign a treaty it hammered out with the european union. is likely to undermine relations with its biggest trading partner and potentially damage the economy. t

manhattan and in new york state. the new york probe into possible tax evasion, insurance and bank fraud has been a civil case, but now it is also part of a criminal investigation. the manhattan in new york district attorney say that there cooperating on this case, donald trump, has always denied any wrong doing. he issued a statement today saying that there was nothing more corrupt than an investigation that is in desperate search of a crime. when pulling now mister nick ackerman, he's a former federal prosecutor in the southern district of new york where when a trans investigations are taking place. mister archman was also a member of the watergate prosecution team. it's good to see you again. good to have you back on the program working. so we're going from a civil now and now we've got a criminal investigation. what does that really mean or what is changing about the investigation? and i guess people want to know was donald trump now in real jeopardy of maybe having to go to prison? well, i think what's changing is that this has been going on for a while. they've had the attorney general new york investigating on the civil side, the

manhattan and in new york state. the new york probe into possible tax evasion, insurance and bank fraud has been a civil case, but now it is also part of a criminal investigation. the manhattan in new york district attorney say that there cooperating on this case. it's donald trump has always denied any wrong doing . he issued a statement today saying that there was nothing more corrupt than an investigation that is in desperate search of a cry on a pulling. now mr. nick ackerman, he's a former us federal prosecutor in the southern district of new york where when a trans investigations are taking place. mister archman was also a member of the watergate prosecution team. it's good to see you again. good to have you back on the program working. so we're going from a civil now. now we've got a criminal investigation. what does that really mean or what is changing about the investigation? and i guess people want to know was donald trump now in real jeopardy of maybe having to go to prison? well, i think what's changing is that this has been going on for a while. they've had the attorney general new york investigating on the civil side, the

of archegos capital in march. sources tell bloomberg federal prosecutors in manhattan since requests for information to at least some of the bankshat dealt with the firm. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ tom: from new york -- jonathan: from new york, for our audience worldwide, this is "bloomberg surveillance." alongside tom keene and lisa abramowicz, i'm jonathan ferro. live on radio and tv. you'll on the 10 year up almost two basis points to 1.5926% -- year yield on the 10 year up almost two basis points to 1.5926%. the bank of england having a bit of a flirt with a further interest rate move maybe in early 2022, with a big maybe on top of that. then goes on to say not many rate hikes are necessary to slow the economy. isn't that just the issue? regardless of timing, you get back to neutral pretty quickly in this world. tom: this is so important and observation. i will give credit to zero hedge, but it could have been somewhere else, there was a photograph of arthur burns from lo

of the u.s. retail banking. the financial company sold some of the branches in america while others will be wound down. iconic in midtown manhattantms will be gone. >>> cybersecurity is a top priority for companies wor worldwide. the colonial pipeline did that estimates say spending is $75 billion a year just for internet security cyber reason is one of the big players in the fast growing market it came in at number 32 in the cnbc disruptor 50 list darkside, the company behind the colonial hack with a valuation of $1 billion. investors are softbank and lockheed martin. let's bring in lior div. the founder of cyber reason. congratulations. becoming the oscars of business. how fast growing is your business >> thank you very much we are growing fast. cyber reason is the cybersecurity company. new cybersecurity company that focuses on the hacks that exist out there. right now, the industry is disrupted with hackers specifically like the colonial pipeline like two weeks ago. we were the one that targeted the group when they started and we found out how you they were doing it right now, we are growing fast we have more than 700 people

investigation by prosecutors, manhattan, and in new york state, the new york probe into possible tax evasion. insurance and bank fraud has been a civil case, but now it is also part of a criminal investigation. the manhattan new york district attorney say that they're cooperating on this case. donald trump has always denied any wrong doing. he issued a statement today saying that there was nothing more corrupt than an investigation that is in desperate search of a cross on pulling. now mister nick ackerman, he's a former federal prosecutor in the southern district of new york where when a trans investigation is taking place, mister archman was also a member of the watergate prosecution team. it's good to see you again. good to have you back on the program working. so we're going from a civil now. now we've got a criminal investigation. what does that really mean or what is changing about the investigation? and i guess people want to know is donald trump now in real jeopardy of maybe having to go to prison? well, i think what's changing is that this has been going on for a while. they've had the attorney general new york investigating on the civil side, the manhattan

manhattan and in new york state. the new york probe into possible tax evasion, insurance and bank fraud has been a civil case, but now it is also part of a criminal investigation. the manhattan new york district attorney say that there cooperating on this kid donald trump has always denied any wrong doing. he issued a statement today saying that there was nothing more corrupt than an investigation that is in desperate search of a crime on a bully. now, mr. nick ackerman, he's a former federal prosecutor in the southern district of new york where when a trans investigation is taking place, mister archman was also a member of the watergate prosecution team. it's good to see you again. good to have you back on the program working. so we're going from a civil now. now we've got a criminal investigation. what does that really mean or what is changing about the investigation? and i guess people want to know is donald trump now in real jeopardy of maybe having to go to prison? well, i think what's changing is that this has been going on for a while. they've had the attorney general new york investigating on the civil side, the manhattan distr

every aspect of my real estate dealings they are working with the manhattan district attorney's office looking into various aspects of the trump organization's finances, whether they misled banks, false business records with the state and whether they paid the appropriate taxes. this investigation has been ongoing, both a civil an criminal matter. what we learned is the civil matter will continue, but a person family, a couple attorneys at james' office are in a sense crossing over and working with cy vance's office on the criminal investigation. so they're able to share some of the evidence that the ag's office has collected with the criminal investigation, this is really going to add additional heft, as well as potential evidence that has been collected. victor, alisyn? >> kara, thank you very much. >>> joining us is tim o'brien, the author of "trump nation" and donald trump sued him after he reported that donald trump was not a billionaire. what does all of this mean for donald trump? >> alisyn, it means the legal vise is tightening significantly. this is a very significant development. though tish james might be by continues with aively suit generally civil attorneys step

of the former president just this week we learned the new york attorney general has joined the manhattan district attorney's office in a sweeping criminal investigation of potential insurance and bank fraud at the trump organization. so far, no charges against weisselberg or the trump organization the former president has insisted the investigations are politically motivated fishing expeditions. let's bring in david fahrenthold now, reporter for "the washington post," covering the president's business and also an nbc news contributor how much information does the e agen ag already have on weisselberg and what dots can they possibly connect? >> they have quite a bit they've been investigating the trump organization since 2019 and seemed to have been focused on weisselberg since last fall they have also taken two depositions from weisselberg, maybe a third. they know a lot about this company. they know a lot about this person, allen weisselberg. the question we have now is, to make a criminal case, the key between trying to make a civil case where you file a lawsuit and criminal trial where you file charges, you need criminal intentu need criminal intent that is they understood what

of the greatest witch hunt in american history. manhattan's top prosecutor cy vance has been investigating the trump organization for over two years. digging into possible cases of bank and tax fraud. no former president in u.s. history has ever been criminally charged, but vance's team is examining trump's business practices before taking office, which includes several of his properties like trump tower and his seven springs family estate just outside new york city. >> we know there's some interest in whether president trump's company has properly paid taxes on some of the real estate properties. we know there is some interest from investigators about the chief financial officer, allen weisselberg, and maybe some of his own personal tax activities. >> reporter: last week, new york attorney general leticia announced she joined the da's criminal probe. her office is also continuing its civil investigation into the trump organization which she discussed with cnn last year. >> what we are investigating is the fact that the trump organization inflated their assets for the purposes of obtaining loans and insurance coverage and deflated their assets for the -- same assets

of state antony blinken in egypt after meeting with the palestinian leader in the west bank. the u.s. promising economic support to palestinians after the cease-fire. >>> the prosecuting attorney in manhattanance impanelled a grand jury with the intent of investigating and eventually bringing charges against donald trump. trump and his organization are investigated for allegedly manipulating the price of its own real estate defrauding banks and tax collectors. the u.s. state attorney has joined in on that investigation. donald trump has responded in his blog saying it's a witch hunt and politically motivated. as we discussed before one of the key witnesses in that case may be his own former lawyer, michael cohen who testified before congress about the scheme to manipulate real estate values at the trump organization. >>> one of trump's lawyers has also responded to a lawsuit brought by a california congressman eric swalwell over the january 6th rally where the then president urged his supporters to march on the capitol. swalwell and others sued saying trump's actions prevented them from doing their duties. trump lawyers say trump enjoyed immunity for his actions as president. >>> yesterday

of getting bank loans, but deflating them to get a tax benefit of some scope. there's a whole wide scope. we know the new york attorney general and cy vance's manhattan'sice has combined forces. this tells me that the scope not only has widened, but also they're prepared at this point to present something to the grand jury. they will convene a grand jury to allow them to have subpoena power. although that's very important, you can convene it at this stage to figure out if they will allow you to indict someone on serious offenses. you present evidence to them. you give them the documentation you have been gathering over time. remember, cy vance's office is the one that they went to the supreme court twice to secure former president trump's tax information. he did not give them willingly or voluntarily. now you present to a grand jury over a six-month period to be able to give information to say, hey, does any of this add up in crimes we would like you to indict on? it shows forward movement. it did not mean there's an indictment in a particular case or charge we're aware of at this point. we know that the grand jury is never impaneled simply to spin its

trump organization in a criminal capacity, along with the manhattan d.a. " the trump organization would inflate the value of the building to get bankoans. it would deflate the estimated value of the same buildings when it paid taxes in order to pay less. prosecutors add powerful witnesses. michael cohen says the trump organization did that when testifying before congress back in 2019. marcus and law camera, the house is also continuing its investigation of trump's finances as it works to get a subpoena deal with deutsche bank which loaned trump organization millions of dollars. >> scott, other cases against the former president as well. >> the number of women that made allegations against him the most prominent is the civil lawsuit from newspaper columnist e.g. and carroll and georgia is investigating whether trump tried to illegally influence the outcome of the presidential election there with phone calls and what election leaders perceived as threats during the georgia recount. biden ultimately won georgia as well. trump called the georgia investigation politically motivated. laura and marcus, remember, the attorney general, secr

organization improperly inflated the value of some of their properties, the skyscrapers in manhattan, the private family estate outside the city to obtain bank loans or get additional tax benefits. this investigation has been civil in nature. now the ag's office is teaming up with the manhattan district attorney's office on its criminal investigation. a spokesperson for the attorney general told cnn last night they recently informed the trump organization about this. he said, we have informed the trump organization that our investigation is no longer purely civil in nature. we are now actively investigating the trump organization in a criminal capacity along with the manhattan da. a source familiar with the investigation tells me, what this means is some attorneys working for the new york attorney general's office who have been knee-deep in the trump organization, a lot of these different areas of scrutiny, they are joining and crossing over into the district attorney's office criminal investigation. they'll be working with them. that's going to aid in some of the knowledge here, some of the information that they've gleaned. this is certainl

manhattan district attorney. ubs has started a broad round of job cuts across its largest divisions. it is part of a restructuring plan designed to save the swiss bank billion dollars over the next three years. the reductions are taking place in the investment bank, wealth management unit and swiss business. over the next three years, as many as 700 jobs will be eliminated in switzerland on. and bitcoin has father below 50,000 -- $40,000 for the first time since february. that was when tesla announced it was buying the digital point and would accept as payment for its vehicles. tesla ceo elon musk surprised crypto advocates last week with an announcement that the company will no longer let buyers pay for their cars with bitcoin. he doubled down on his criticisms over the weekend. global news 24 hours a day, on-air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ ♪ >> hamas is lobbing rockets into israel to kill civilians. there is no moral equivalency here. i think we need to stand by our israeli friends. imagine what our reaction would be if somebod

manhattan district attorney was already conducting a criminal probe involving the trump organization having to do with bank loans and tax matters. state attorney general was conducting civil probe on many of and now they are joining forces. is that a big enough deal hour after hour of dramatic coverage in certain cable news networks? jason: this is a path we've been doing before. donald trump has had more political animus than anybody imagined. they haven't been able to find anything. i think it's a story about nothing. i think donald trump is exactly right. it's an investigation in search of a crime. it hasn't led to anything in the last 4 and a half years, 5 years. i don't think it's going to go anywhere but i think it's just somebody saying, hey, give me attention, give me attention. howie: i'm not going to get the analogy. the president has no new evidence here, no report of subpoenas, for example, some of the pundits and legal analysts on other cable news channels seem so excited. >> look, i agree with you. look, there's no doubt that cable news has a trump obsession syndrome and he was great for ratings and he was kind of like a train wreck or car wreck that you had to slow down and

bank loans, but yet claimed them as lower value for taxes or things like that. you think that's the origin of this? >> it really looks like that's the origin both for the manhattanwas originally a civilly-focused investigation. that is really how these sorts of fraud cases start. once you get that first kernel of truth and begin to investigate, there's really no telling how wide ranging the investigation can go. cy vance, for instance, has eight years of the former president's tax documentation. that could lead to a whole hornet's nest of opportunities for him to investigate. >> joyce, good to see you this morning. joyce vance, former united states attorney and msnbc contributor. >>> calm in the middle east right now is fragile, but there was once great hope for durable peace. coming up next, the story of a seemingly solid agreement between the israelis and palestinians drafted between dinner and laughter amongst enemies. it's the subject of a new hbo film. i'll speak to the director ahead. or ahead. the light. ♪ it comes from within. it drives you. and it guides you. to shine your brightest. ♪ as you charge ahead. illuminating the way forward. a light maker. re

of former president trump and others at the trump organization. "the washington post" and others are reporting that the manhattan district attorney convened the panel. he's investigating whether trump properties were overvalued to defraud banksce firms and illegally gained tax benefits. and that is the "newshour" for and that's the newshour for now. i'm judy woodruff. thank you, please stay safe, and we'll see you soon. >> major funding for the pbs newshour has been provided by: >> carnegie corporation of new york. supporting innovations in education, democratic engagement, and the advancement of international peace and security. at carnegie.org. >> and with the ongoing support of these institutions >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by newshour productions, llc captioned by media access group at wgbh access.wgbh.org . >>> welcome to "amanur & company." here's what's coming up. >> the air space of belarus is unsafe for everyone. >> the west accuses belarus of hijacking a passenger plane to capture a journalist. we have an exclusive interview with the foreign minister of lithuania, where t

banks but paying the taxes deflating the value of the assets? so those are things that are very classic and i think the reason the manhattan district attorney's office was so tenacious and winning two cases in the supreme court to get the accounting records is those can really open up a criminal exposure because they tell you what's going on inside and what insiders are telling their accounting firm about the valuation they're giving to assets and you can chart that out over time comparing what's said to banks, insurance companies, tax authorities. you compare that over time to see the inconsistencies and that's the way you can jam people up if they have been dishonest. >> so, phil rucker, it is my theory that donald trump knows that. that that's why donald trump in the early months of the republican primary mocked mitt romney for releasing the taxes and fought so hard to smear "the new york times" reporters who did the pulitzer prize winning investigation into how he got the money from his father. i think by the end of the administration steve mnuchin was in on it and the supreme court decision he still had a twitter account and attacked the suprem

the manhattan district attorney cyrus vance has demanded to see years of financial records, including eight years of mr trump�*s tax returns, in connection with allegations of possible insurance and bankernational hotel in washington dc as a possible violation. mr trump�*s niece accuses him and two of his siblings of cheating her out of an inheritance while pressuring her to give up interests in the family business. mr trump denies all of the allegations as a witch hunt. here�*s journalist jeffrey kofman on whether this is alljust political. the two people prosecuting, cyrus vancejunior, the manhattan district attorney, and letitia james, the new york state attorney—general are both democrats. when letitia james ran for office in 2018, she said she was going to go after trump. his son just yesterday or this morning was circulating excerpts of her campaign video saying such things. they, of course, are saying this is a fishing expedition. it�*s a vindictive...vendetta to get him at any cost, but, you know, the courts and the court of public opinion are two different courts, and this is going to have to... criminal charges have a very high bar. they are going to have to prove something

manhattan district attorney has been looking into, what are the possibilities here? >> sure. lots of possibilities, willie. i think jonathan summed it up nicely. tax fraud, banknization. they could charge some people and then others later as they amass evidence. the important thing to remember is that at least in this case the grand jury is probably not new. the way prosecutors obtain evidence is by issuing subpoenas in the name of a grand jury. and so that's been going on for some time, i imagine. for instance, if we wanted your bank records, willie, not that i want your bank records, and i was a prosecutor, we would issue a grand jury subpoena to your bank in order to get them. what's different now is that they are likely going to start using the grand jury to do what we call lock in testimony. let me give you an example. if for some instance the color of the light mattered at an intersection and you say it as green, willie. and you told an fbi agent it was green and we put you in the grand jury and you said it was green. that's all well and good. but fast forward to trial where perhaps you're nervous or scared or someone got to you and got you to change yo