how is the remember the market in luxembourg?ur country now the main hub for the currency in the eurozone? your comment is quite correct. luxembourg has been developed as mbi placeimportant remi in the eurozone, even europe, if you think about it. we have the most deposits and most bonds listed. foremost, we are number one in terms of investment funds i.nominated in the renminb i think the chinese authorities have a desire to build on that. draghi, the european central bank president, said the bank will begin purchasing assets for at least 2 trillion years. they want to boost inflation and boost growth, economic growth, throughout europe. is that enough? should the ecb have done more? does the ecb have more tools to do more? >> i think the ecb has been proactive.rily mario draghi said that the bank would do whatever it takes. he is applying that again now by trying to find asset-backed to make sure loans that there is enough liquidity on the market. , it is not only a matter of enough money on the market. you need good projects.

we have in luxembourg the chance of having a very business friendly mindset. we're open always been open to the outside world. >> the prince said his country is diversifying beyond its traditional role as a financial center. >> we've developed over past ten years a very big and very good infrastructure for a city, for internet connectivity with highly secured data centers who hopefully in the future will attract many startups in the ict area. >> he said business people in level luxembourg hope to build strong partnerships with firms in japan. >> october 10th, mark 50 years since the tokyo summer olympic, the games help transform the city into a modern metropolis. an athlete who competed in the 1964 event is helping keep the spirit alive on the other side of the world. nhk world has the story. >> a member of brazil's national volleyball team in 1974, now the president of the organizing committee for the rio olympics in 2016. he says he has found mom remem y rememories of the tokyo olympics. >> i'm proud i took part in the 1964 tokyo olympics as a competitor. th

those in luxembourg want that amount increase, plus the ability to put more medical personnel on the ground. >> ebola crisis calls for a comprehensive approach and all the instruments of our common, foreign, and security policy. we should consider spending -- sending our own civilians. even those member states which don't have national arrangements on the ground would have a platform for sending medical personnel. >> u.k. are among the strongest voices calling for more resources. prime minister david cameron told world leaders to wake up, after an appeal to raise $1 billion only raised -- >> ebola has claimed the lives of more than 4000 pieces -- people. a ray of hope that the disease can be halted. the world health organization declaring nigeria is ebola-free after no new cases have been reported there over the past six weeks. to hong kong where the civil unrest continues and intensifies. dozens of police and protesters injured in clashes over the weekend. it is the fourth week that demonstrators are calling for more democracy. more talks between protesters and the authorities are s

start an ready to investigation into amazons luxembourg tax deal.ing into whether luxembourg allowed amazon to collect state subsidies for almost 10 years. it may have been illegal. offers fromg merger glencore. there has been no further contact over the potential deal which would create the world's company. people say glencore has reached out to rios bigger -- biggest investor. and the biggest prize yet for chinese buyers. that would be the highest price paid for a single u.s. hotel. leaders debate the key issues in financial markets. they invite asset managers from .ther financial institutions joining us now is one of the challengers. jpmorgan'sase -- market strategists and one of officers. is it all very convivial and cordial? >> a bit of both. exude conviviality and strength of opinion. there is a combination. we are challenging each other in our views and lots of head shaking and eyes to the sky. how much healthy debate and retrospection goes on? let's say once every three months. something we decided previously or thought about doing, we ended

the eu is set to investigate amazons tactics to ration in luxembourg.ax situation in luxembourg. >> the european commission has looked at how the online retailer has arranged it tax arrangement with authorities to see if they admitted it -- edmund a bit -- amended it for illegal state aid. >> talk us through the markets. >> a pretty rough day of trading so far here in europe. falls across all of the european markets. germany saying industrial production fell sharply in august, creating more worries about eurozone's largest economy. and a rejected offer from glencore. samsung has warned that its profits have sunk by 60% because of falling smartphone sales. there are birding profit will be more than a billion dollars less than expected in the three months after september. it has been hurt by competition from cheaper models. and the first person in the u.k. to lead guilty to conspiracy to do fraud over the libre. -- the libor. several banks have settled cases in the u.s. and the u.k. over the libor rate after a global investigation was launched. >> a very

the parliament approved the 28-member commission led by former luxembourg prime minister jean-claude juncker. the approval came by a large margin, despite opposition from opposition parties and hard-line eurosceptics like the u.k. independence party. juncker said he plans to unveil a major investment program to create much-needed jobs. >> after weeks of haggling, the new european commission led by jean-claude juncker has finally been approved. the former luxembourg prime minister told lawmakers that the citizens of europe are losing faith in the institutions of the eu. he said that it is now up to all 28 of the incoming commissioners to work well together. juncker said he would not be demanding unconditional obedience from the commissioners. he joked that at his age he was not interested in launching a new career as a dictator. juncker was forced to make a few changes to his original lineup after slovenia's commissioner failed to meet the approval of delegates earlier this month. juncker said he would unveil a 300 billion euro investment program shortly to boost growth, and that he i

the european union is ready to launch an investigation into amazon's luxembourg tax deal.hey are looking into whether luxembourg allows amazon to collect illegal subsidies for almost 10 years. amazon joins starbucks in the deals. 60% at thes fell largest smart phone maker. samsung stock is down around 15% on the year, while apple has risen nearly 25%. to offload its unit.aking ship negotiations broke down in july after ibm offered $1 billion to take over the business. ibm is said to be offering more to take the unit, which has suffered nine straight quarters of falling revenue. the company says they have discovered oil and exploration offshore in senegal. we will have more details later this hour. a quick check on european equities. we opened lower. we are staying lower. if you are looking at sterling, check out last quarter. down over 5%. i talked to someone who knows. we will have some inside. kevin daly has got the inside after the break. . >> welcome back to "on the move ." i am jonathan ferro. 30 minutes into the trading day. the ftse 100 down. the dax is 50 points lo

let's go live to luxembourg and speak to damian grammaticas. u.n. to raise just under a billion dollars. britain's been critical of the lack of commitment from other european states. is anyone committing more money today? >> reporter: well, we haven't got figures yet, but what we do know is that coming into the meeting here today in luxembourg, it's all the european foreign ministers who are meeting here today to coordinate their response. britain's foreign secretary came in saying the current commitments being made by european countries of about 500 million needs to be doubled to a billion euros. that's what britain would like to see. they've spent quite a long time this morning discussing it. it was the topper item, the number one issue now facing european foreign ministers. so a couple of hours worth of talks this morning have just finished on this issue. they will move on to other issues and we'll find out later what they've said. but certainly there's a sense here, as mr. hammond said as he walked in, that there is a very short window now in wh

but are not taxed in luxembourg.eresting news on that front with amazon. it is 26 minutes past the hour, which means bloomberg television is "on the markets." investors are jittery on this tuesday, concerns about what is going on in the u.s. with the economy, but also the continued fighting in the middle east, and in particular in syria. we will stay on any news coming out from the political hotspots around the world. we are "on the markets" again in 30 minutes. call it the new age of being banking. wall street firms dealing with everything from cyber attacks to complicated regulatory rules. former homeland security chief says banks like jp morgan better be used to these hack attacks. >> there has been a definite significance he change in the attitude of the executives, and i think it is understandable. many understand there are a lot of electrons flowing around the world. there are always the ones on the bottom line. there is grand risk, reputational risk. there are so many points of entry into the system. you need

i am going to luxembourg because france is under fire after the battle of the budget. european finance ministers talk about spending. hans nichols is in berlin, where officials have been firm about the need to abide by deficit rules. how strong is german resistance? >> german resistance appears to be holding. appear ways it doesn't to be as insistent as pro-austerity measures a described -- prescribed for greece and portugal. there does seem to be a double standard. at the same time you look at what other finance ministers are saying, the austrian finance minister, the dutch finance minister -- they were firmer in their insistence france needs to bring the budget deficit closer to 3% of gdp. it is going to be 3.4 this year, four point three next year. the finance minister said france has got to get real, with all due respect. at the same time, the french france'sinister says national sovereignty has to do with france and is centered in france and not brussels. do thebig question -- germans or dutch have to give the french anything? >> here is where they give is. spendi

meetingy interesting taking place in luxembourg. the french budget is very much in a focus.ake a break. we are back in a couple of minutes. see you then. ♪ >> good morning. welcome back here and it is time for energy headlines. the energy generated by these windfarms could power 1.4 million homes. operational by 2018. the region is on track for an energyre in and clean consumption. that seems pretty reasonable. westwood is helping with renewable energy. the company wants to use the website to raise 5 million pounds. the money will go mostly to the development of an onshore wind farm. it may go toward hydropower as well. the first word is up next. for our television viewers, this is the second hour of "the pulse ." interview.e an is when you are looking at a story that is so bleak in france, how big of a risk is this country running. they are at a negative by s&p. we look forward to that conversation. but me show you the markets as well. you know what happened last week. it was an incredibly volatile week. people are coming in and buying the dip. we will see what firms up. it

>> i will be joined by the finance minister of luxembourg. the u.n.luxembourg of helping companies like apple and amazon evade taxes. on that.t his thoughts and on the financial state of the eu when i see you at the top of the hour. >> see you in a few minutes. thank you. could the data have the key to the next graphic artist or software designer? we will explain. ♪ >> welcome back. i'm emily chang. is turning tos the data to make decisions on who to hire, fire, and promote. and that reliance on big data is pushing companies like net tocks to -- like netflix look to countries like china. cory johnson has more on the growth of the market place. of bigas helped al qaeda companies and smoke -- has helped all kinds of big companies and small companies. we are not talking necessarily hr software, but how it is changing hiring, how employers know so much more about what is working and who people are, and not just the way we look at a resume and try to figure out if this is a person. >> it's about having the data. businesses in0 america, 258,000 employees. w

the second tail risk is what's happening in luxembourg. the european court of justice heard the challenge from the germans against draghi's vow to do everything necessary to save the euro zone, in other words to buy sovereign debt. this court won't come back where a judgment until the spring maybe a year's time. but the over hang, the fact you don't know for sure that it's legal. that may impede things. on earnings today, two companies i would point out as we start earnings season in europe. daimler has its third quarter ever. and burrberry is warning that travelers didn't travel as they do and the slow down in europe. illiad, abandoned its potential to bid again for t-mobile u.s.a. the stock up 9% though it is off highs. >> awesome. the one and only. coming up as simon just told you. luxembourg getting slammed today with sales of the burrberry getting slammed. and or tburch in a moment. >>> because of this burberry news and i want to ask about skpaiz what you are seeing in the terms of the strength. >> the macro environment is tough and w

. >> i think the most endearing thing about him is he was a banker in luxembourg before he decided to out -- throw that career away and follow his dream. and that led him right here in paris. >> hello, it is course on. you are watching friends ready for. ♪ my mother died in 1990. my name, courson is the name of my mother. in my ep album, it's going to be six songs including "wake me up ." the first time i heard this on the radio, my song, i didn't recognize it. for 10 or 15 seconds. because i didn't expect it. the classical touch, it came really with one song "we will come again." i was in my bedroom composing that song. and the bridge, i don't know why i decided to use my classical voice. the album is really classical and pop and rock. we decided to use a lot of strings. it has some great moments. ♪ flex back in june, french rock singer rehn no hit the number one spot with a cover album. he's hoping to repeat that with the second volume of covers. let's take a listen to this clip. ok reno, a very interesting collaborative album that he did. >> a stellar lineup of collaborators taking

european profits are report in luxembourg, but not taxed there. continue to keep an eye on this developing story. >>> and we're going to go to a break sharply, but before we go, u.s. futures are point to go a negative open as european shares slumped on weak european data. president obama announced plans to increase screening for ebola virus. and it's beginning to look a lot like a merry christmas as the u.s. sales sales hit, three-year high. $75 in checked bag fees. priority boarding is really important to us. you can just get on the plane and relax. i love to travel, no foreign transaction fees means real savings. we can go to any country and spend money the way we would in the us. when i spend money on this card i can see brazil in my future. i use the explorer card to earn miles in order to go visit my family which means a lot to me. ♪ ♪"in the hall of the mountain king"♪ [beeping on the computer] peter come take a look at this. [beeping sounds are more rapid] [beeping sounds are even faster] mr. daniels? mr. daniels? look at this. what's this?

mother of king louis xiii of franc commissioned peter paul rubens to paint for her new home in the luxembourg palace a series of more than 30 enormous canvases. they commemorated her four-year rule as regent after the assassination of her husband henry iv until louis came of age in 1614. even though maria wasn't really the queen at all, rubens employs the full apparatus of glamour, power, and glory to proclaim the greatness of her rule. king henry is shown being carried off to heaven, yet the action rushes towards maria whose position in the painting is higher than the king's. odd, since he's the one going to heaven. but it's in the religious paintings that rubens pulls out all the stops. his church paintings such as the descent from the cross served the requirements of roman catholic counter reformation ideology inspiring faith, inducing piety. the immediacy and individuality of the figures the use of great circling arcs in the sweeping compositions his dazzling use of color, all contribute to the heightened emotionalism that was intended to lift the spectator out of the everyday world into

the company filed for bankruptcy after being denied production by a court in luxembourg.he company says it has put aside 22 million euros to cover the cost of any fines in the investigation. it has agreed in principle, but think where he will continue. and a clothing retailer owner said profit has fallen 30% because of the difficulty with jay brandon the united states. -- with its j brand in the united states. >> and finally, google has come up with an innovative way to tweak its service. >> there is this idea that you can walk down the street and almost any part of the world and collect images. the camera on top of a car, and in some cases, an employee has been carrying a backpack to do it. this is the google camp. they are using camels to collect authentic imagery and minimize the disruption of this fragile environment. the images you can capture include capturing 40 meter high sand dunes, as well as the largest oasis in the arabian peninsula. >> thank you for that. time now to take a look at what weekly news magazines have been saying around the world. we have flow on

european commission and unveiled his lineup of commissioners. 27 in total one for each country minus luxembourgeach commissioner has been assigned a portfolio and now as part of the european system of checks and balances, it is up for the -- to the european parliament to grill the candidates. they must be confirmed by the parliament. they have the power to check their cv's, to see if there are any conflicts of interest. it is a pretty aggressive exercise. i was listening this morning. it was here's -- peirre's turn to lender -- to come under fire. liberals and conservatives were accusing him of being the ambassador of france and as such, questioning his right ability, reminding him that his country systematically breached the eu fiscal rules. but listen to what he had to say on that. -- let's listen to what he had to say on that. >> i am french, and i am a social democrat. i am not denying that, nor blushing, but i say this, as ambassador, i will not be -- as commissioner, i will not be the ambassador of the country. i will be what you require to me -- me to be -- a commissioner filling his tas

the new commission headed by the former luxembourg prime minister is spearheading an investment planto boost e.u. growth. attention instead is focusing on budget discipline or lack of it. specifically, a letter the commission sent italy requesting clarifications on rome's rule-breaking budget. the italian prime minister published the letter prompting commission anger. he said he would shed light on spending by brussels's institutions. >> we will publish data on everything spent by these palaces, we are going to have some fun. >> france is also on the problem list. paris has not been quite so confrontational, that makes it clear it will not budge. >> we will comply with e.u. commitments, but with as much flexibility as possible. by that i mean we will not add to the savings we have already outlined, 21 billion euros in 2015. >> the commission can punish a serious breach of rules. but demanding a change to the budgets of france and italy would be major political risk. their the second and third largest economies in the eurozone and both struggling. added to the mix is the u.k., angry a

mother of king louis xiii of franc commissioned peter paul rubens to paint for her new home in the luxembourgalace a series of more than 30 enormous canvases. they commemorated her four-year rule as regent after the assassination of her husband henry iv until louis came of age in 1614. even though maria wasn't really the queen at all, rubens employs the full apparatus of glamour, power, and glory to proclaim the greatness of her rule. king henry is shown being carried off to heaven, yet the action rushes towards maria, whose position in the painting is higher than the king's. odd, since he's the one going to heaven.

meeting in luxembourg, eu foreign minister say such a bit strategy doesn't help. they want a concerted effort on multiple fronts. >> we need a platform that allows other countries to get on board. they could be a civil eu mission. >> and eu special representative could, for example, coordinate the repatriation of ebola patients in isolation cells him a or oversee the deployment of european experts in africa. ministers signaled their support for this kind of assistance and say that pool of at -- experts was needed to fight the outbreak. >> we need money, medical staff on location, and help with logistics. >> with got a very short window to get on top of it and prevent the uncontrollable spread of this disease. >> european leaders seem to have finally recognized the urgency of ebola. but they are critically short of volunteers to deal with the crisis. >> monday did bring a rare bit of good news in the fight to contain ebola. the world health organization has declared nigeria free of the deadly disease. authorities hail the country's response to the outbreak as a spe

france's prime minister set the tone over the weekend ahead of the eu finance ministers meeting in luxembourg. >> it is a big country, a sovereign country politically, militarily, economically. i don't expect that they give us a lesson on good management. >> the chair of the euro zone finance ministers said that the union should not give france extra time to bring its deficit down. they criticized harris for undertaking -- failing to undertake needed reforms -- they criticized har paris for failing to undertake needed reforms. the plan is set to be rejected by the eu this week. that is 4.3% of gdp, despite more than 20 billion euros of spending cuts. paris says it will meet the target in 2017. at the summit last week, the french president ruled out any more austerity, calling instead for stimulus. >> we need to adjust the rhythm for our budgetary policies to prioritize growth. we must all turn, because we are all concerned. and if france ignores the eu cost -- the eu's demands, it could be fined. france's new pro-market economy minister proposed a new deal in europe to boost investment and gr

and it comes with what's described as luxembourg mustard for dipping. i should worn you defibrillators are sold separately. >> just every once in a while you indulge in something like this. >> i do wish there was a vegetarian option. >>> a nor'easter bringing heavy ran and winds to new england. also heavy flan the northwest. showers expected west of the great lakes and south florida. should be pretty nice just about anywhere else. >> temperatures in the upper 50s along the two northern coasts where it's raining. mid-70s in the rockies and plains. 63 degrees in the nation's capital. >>> now to florida and real dedication from a guy who just had to save a passport. the parrot's name is chuckles. yesterday she flew out the door away from two guys who were taking care of her. one of them climbed 20 feet up a tree to recapture chuckles but branches gave way and the guy fell and was knocked unconscious. firefighters rescued him and he was treated at a hospital and released and chuckles did recover, back in the cage. i think i said passport there. i meant parr

foreign minister stremme europe are meeting in luxembourg.ow to tackle ebola is high on the agenda. one of my next guests says it should have been stopped before the outbreak in west africa became a global problem. how easy is that to do? joining me to discuss the failures to invest. a fund manager for the world help investment -- health investment fund. good morning to you, gentlemen. we are in a situation where we have disease that looks largely out of control in west africa. lessons learned? history teaches us a lot of things. what can we take away from this? >> the key challenge west africa is facing is a structural one. one would like to have a -- when you do not have that, you have to say, what are the five breaks that you can put into place? a vaccine will be our greatest chance to contain this. that is why we are all very focused on trying to get one because the system is going to struggle to contain this on its own. >> how difficult would it have been to have a vaccine at the ready? >> very little evidence of mutation. influenza.ike

the finance ministers are meeting in luxembourg. ais is after the country had negative response from s&p. the french deficit should not be reduced at the expense of growth. it's not about time, it is about rhythm. sometimes we can go faster. in this. inflation will collapse compared to last year. we cannot have the same rhythm to reduce our deficits. >> should the french be able to break the rules? >> they are already breaking the rules. when you look at this budget, it is a greed just in terms of the rules it is breaking. >> they are not breaking the rules anymore, this is out of our hands. what has slowed is the economy. they are already breaking the rules. the question is if germany decides to join the party and loosen their fiscal discipline. everybody's terming to -- turning to germany. budget deficit is 4% of gdp. it is not look forward to -- >> will the germans let a backroom deal be done here? >> there are two battlegrounds. one is physical difference -- discipline and one of them has to give. think it is going to be easy fo

annette is in luxembourg live with the latest. >> thank you so much. we don't really know yet how the wording of those structures in the european court of justice. but a lot of analysts will listen carefully. it's up to them to ask the questions. which questions they ask might gives an idea of where they're coming from. the majority of analysts is thil that the european court of justice will not forbid the omt program and will, in other words, allow it perhaps with some concessions. let me talk, as well, about the meeting as we were hearing renzi, the italian prime minister is looking to boost spending. that is, of course, one of the big topics here in lx luxembourg as the french will present the budget tomorrow and he's under very much pressure according to the euro group head to actually cure the budget. there has been been any movement when it comes to the french budget so far. but what is clear is that the ultimate decision on whether they can have that budget lies with the european commissioner. it could be for the first time the european commissi

the luxembourg caused and said the only thing we know first written about fdr is that he never lets thehe voluntarily. [laughter] unarguable. and he made this decision entirely alone. fdr always needed people around him, even when the situation was tense, especially when the situation was tense. but he was a very solitary man. there is no evidence that from the middle of 1939 at the beginning of an 39 until right before the convention that he spoke to a single individual about whether or not he should run again. nor did he ever ask anybody to do anything to further his cause. that included eleanor. it included harry hopkins and everyone on whom he was on intimate terms. he waited until the very last minute to make this decision as he did many other decisions because he thought it would alternately be informed by more information. so what did i learn about who fdr was? while ssa, he was famously social, but essentially solitary. he was raised as an only child on a remote estate in upstate new york had a few friends coming to your intimates and he developed level of self-reliant that incr

luxembourg will be the next spot for tax evaders. they'll find somewhere else to go. these guys won't pay their full-blown tax bill until it's completely reformed. neil: i wonder when the politicians will take note. if this is a wave election year. could be a big win for republicans. are businesses going to be able to move the needle on that. are those winning politicians going to go back to them and say whatever you want. i seriously doubt it. >> given that so much political donations from the corporate sectors are divided among the two parties, i think in this election cycle, that's indicative that these are close races. google are is hedging their bets in terms of which friends they will have in congress after the election is over. neil: they started the year out hedging their ets going with democrats.3 then as it looked more like republicans have the inroads, it was evening up. something to admire about that, but i'm pointing that out. you're making a football analogy? did anybody see this? well, a lot of you guy thinking that guy jumping from space was hitting a

in luxembourg, to coordinate their response with a call of an eu fund of $1.3 billion to fight the outbreak. some admit they are playing catchup. >> translator: of course across the world we weren't prepared for an epidemic of this size and dynamic. it's most important to catch up with what we've missed. >> the urgent priority, countries need to commit people and priorities right now, but there is a need to rebuild the health systems in africa, to prevent the next outbreak or to prevent its spreading. simon mcgregor wood, al jazeera, berlin. >>> festive welcome by thousands of supporters, joko wododo was sworn into office. step vassar reports. >> his supporters jokoi, was welcomed to the capitol by thousands. >> joko wododo has promised a revolution and that is what we need. our corrupt mentality has to change. >> despite attempts to boycott, hostile opposition against the president ever since he lost the election. >> translator: i say let us all work hard together, shoulder to shoulder, because this is an historic moment. we need to move together to work, work, and work. >> they call him t

larry luxembourg, a partner at the capital management firm. welcome to the show.t do you think is the most common mistake of folks who want that ideal second home as they are retiring. >> one of the biggest things is people get too emotional they don't look at total life is part of their overall financial situation. gerri: that don't realize the carrying cost of that home. people forget. is the travel, up keep. more expensive taking care of the second home than the first home. >> everything about a house cost more than you expected. gerri: let's talk about picking and choosing, trying to downsize. if you are trying to get a smaller home, what do you want to avoid? >> one of the the mistakes, particularly someone from the new york area or maybe california, selling an expensive house and have a lot of money extra after they buy a home in a retirement area. and they have to invest that money carefully, or it can vanish quickly with no trace gerri: if you get a wad of cash and do not take care of it right away it will go to things you don't intend it to. an even bigge

. >>> european foreign ministers are meeting in luxembourg, talking about energy, particularly the dispute between ukraine and russia over natural gas. russia cut off supplies saying ukraine owes it $5 billion, that's after years of discounts. the two sides may announce a deal for winter gas on tuesday, at a meeting sponsored by the european union. unresolved is how ukraine will pay its bills. some about come from the international monetary fund $17 billion programme. the economy worsened, and they need more money. the british foreign minister said the e.u. needs to help ukraine, but didn't offer a plan. ukraine may see relief, because the plunge in oil prices means ukraine is spending less on energy imports. a barrel of brent crude oil costs 25% less than in june, and ukraine is not the only nation that will benefit. according to data compiled by team at quarts, there's a slew of nations with something to gain from crude price, including the united states. steve levine is a reporter that dug through looking for efficiencies, he is from the "washington correspondent." i guess the only thin

apple in ireland, starbuck's in the netherlands and now amazon in its dealings with luxembourg.em to have a some form of this conversation every day. >> in a way the more companies they add, does it weaken the case? because if they are all supposed to get special deals but all. >> not so special anymore. >> they obviously found whatever haven of their choosing. but it issing the to see the target being tech. we don't don't hear this about pharmaceutical companies or other companies that funnel a lot of profits or set up special deals through europe because of the tax friendliness. so certainly amzing azon denies allegations. but will be interesting. >> lawyers thinking who i talk -- they know that eventually some government is going to get their hands on some of this tax revenue. it is just a question of who does it first and who basically gets the money. >> sure. >> so maybe the u.s. ought to really work on that corporate tax law thing that everybody. >> a good while it lasted think. >> the money is there. somebody is going to get it eventually. >> someone is going to open the

european union ministers are meeting in luxembourg to discuss how to stop young men who fought in syriareturning to launch terrorist attacks on home soil. it's estimated that around 3,000 european citizens have traveled to syria. duncan crawford reports on one belgium father whose adopted son joined jihadis. >> every day, we have contacted him. >> reporter: from belgium, paul regularly speaks to his 18-year-old son lucas, who's joined up with jihadists in the islamic state in syria. the messages between them give some insight into life as part of i.s. here, his son is warned that fighter jets are dropping bombs. thanks for telling me, he replies. everything is fine for the moment. lucas has also sent photos revealing his life in syria. >> he has food. he has a house. he has a lot of brothers, friends. and he said it's good there. >> reporter: how can you say it's good there, though, when we know it's in the middle of a very brutal civil war? >> i don't know. i don't understand it, but it's him who said it's good there. >> reporter: here's lucas playing at home when he was younger. adopt

the court case in luxembourg was one of the big victories we had recently. what was that victory? explained for laypeople who have trouble even on a computer. >> basically, in 2006, the european union introduced a law that required telecommunication providers, mobile phone providers, internet service providers, to record every ,ommunication between people who missed talking to him, not the content, but the fact -- whom is talking to whom, not the content, but how long it lasted. it is to be stored up to six years. we have fought it from the beginning and had been unsuccessful for some years. finally, was introduced in this piece implement of legislation into our jurisdiction. austria, started the constitutional court case on that. together with thousands of others, made the complaint. this was referred to the european court of justice who ruled this was a violation of of thedamental rights european union. therefore, the european piece of legislation was announced. the first time in history the waspean legislation announced totally and not in pieces. followin

and so now we're going to involve the airport, germany, netherlands, luxembourg, and potentially evenurther east. we'll watch that closely. these are the winds we had to deal with yesterday, 7 to 100 kilometer per hour wind that not only brought us significant delays at the airport as, but look at this. trees going down. we had significant damage in some areas here as a result of that kind of wind force there that continues to head off to the east. this brought to us by again, this was the remnants of what was a hurricane in the atlantic, a post tropical storm that arrived here with a ferocious seas and incredible winds here. now, the winds subsiding somewhat for the uk. london checking in just fine this morning. so if you have a flight in or out of london, you'll be doing fine. it's further to the east that we're going to see the winds really picking up later this afternoon as the storm pushes further to the east. and that's where the wind gusts could be anywhere from 60 to, well, 80 kilometers per hour. and that's going to wreak havoc along the airports. munich at 75. kph is 1700 no

they meet in luxembourg today. the top of the agenda will be addressing the region slowing growth. up with the finance minister in washington, ..c., to discuss policy >> we shouldn't point fingers at each other. neither those who can make an effort to boost their invest it to boost theired budget. we need an agreement. a good way is investment. inneed investment infrastructure, and companies, a little public investment, and private. skirting the issues? i think it is fair to say raising standard & poor's has not. toy have revised the outlook negative from stable. here is what they had to say about the budget target. >> there is always room for maneuver. the main thing is to understand each other. we haven't changed our budget policy. we are doing the same spending cuts we plan six months ago. major cuts. what has changed? protest slowed. inflation has slowed. we need to take this into account. >> let me show you what this means for the bond market. i can tell you the finished 10 below 1%. dropped the french tenure -- 10 year pretty much unchanged. s&p on january 13, the yield on th

amazon is reporting an investigation by european regulators to striking attack deals and luxembourg.n 17 points to a survey almost 18. there below the 17,000 mark. down features are down 30 right now. that would depend on weapons to the market close today. burt says they will start charging a $1 parking fee at the following for parking lots. --bart. starting october 27th. <

listen to what the luxembourg finance minister said. >> i think there was a large consensus that we need more investment in the european union. good countries that have fiscal situations should do more in terms of public investment on top of fostering private investments. commissionn of the which is expected to be implemented soon will be a very good stimulus to growth. problem with the european investment bank -- those funds would not be available until later this year. you have to wait a little longer. the question on all of this is france too generous? mark? >> thanks. hans, our international correspondent in berlin. deals from the top media companies -- the gathering for the annual conference. it is all about the quest for content. francine, what are the ceos looking for? do they have deep pockets? tell us all. >> yes, they do but they have deep pockets for the right content. this is truly the battle for the best content. we have been speaking to a lot of ceos who are here because they have survived. you use a good to a satellite company five years ago and say i have these 20 channel

onlyfinland so there are two triple-a's left which is luxembourg and germany in the eurozone.ignals,of the outlook the possible development of where the ratings will go, we have three negative outlooks which sounds bad. >> they are the big ones. >> they account for 38% of eurozone gdp. the negative outlooks are three percent so it is balanced to the downside. >> and a risk to the u.s. ratings? >> the outlook is stable. it's aa plus. with change the outlook to stable the last year because we saw the stabilization of the debt ratio considering the institutional and governance challenges in finding agreements on budgetary policy is still a risk and that is reflecting the rating level. >> thank you so much for joining us. coming up, find out how you are helping the u.s. economy from falling victim to the problems ailing the rest of the world. it's consumers holding up the u.s. ♪ >> you are watching "in the loop" on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. live and jamie dimon says he sees a broad-b

trouble for purity european union commission will open an investigation into the tax arrangements in luxembourgd begin as soon as today. that is the latest company news. >> this matters now to our guest host jeffrey sachs at columbia university and the earth institute. walruses. is counting he got to 10,412. there are some 35,000 on the shores of alaska. they will starve unless they get food. they cannot get food because there is not ice to hang onto. there is no ice because of climate change. it is cyclical. here we go with another issue, and i understand there are pros and cons, jeff sachs, each way, but it is right in our face. why can't we get any kind of policy response going? >> first of all, the science is clear despite the continued drumbeats that basically is backed by oil and gas lobbies, so this is one of those issues where the science goes back literally 190 years. it has been worked through -- the first calculations of what the doubling of the carbon dioxide would bring were made in 1896, and they were on track. --wednesday institute in which institution is going to jumpstart this?

corporate america leading tax friendly ireland from luxembourg. we would be the stats.

right now due to the reports that it will face an eu investigation over a tax deal it struck with luxembourgurig green mountain, we are seeing that trade about 2% higher this morning. also drug maker ch ifchimerix. we've been seeing a larger sell-off in the biotech stocks. down again another 1.5% today. all names we are keeping an eye on. >> thanks very much, morgan. as equities sell-off, treasures and the japanese yen are in demand. let's head to the bond pit in chicago. >> you nailed it. between the growth issues that arise based on the imf's assumption of global growth, pmis in europe, we continue to see pressure around growth. that shows up in buying around treasuries and other sovereigns. look at a two-day of 5s. we have a parallel shift on the yield curve. 5, 10, 30 each down three basis points. open the 10s up to the third week in august. if we want to get a very specific look at europe, let's start out looking at their boon. two-day chafrt, 90 basis points is the close yield. the dax says it all. watch the dax. it has been consistent. look at it since august 1st. keeps moving lower.

austria ireland japan kuwait luxembourg new zealand norway slovakia south korea spain sweden switzerlandt packages of humanitarian assistance ss australia. madam speaker the grave threat posed by isil and similar organizations in the middle east and beyond means that decisive international action is essential. the international community is uniting to combat the terrorist threat in iraq and syria to play its part. >> there are an estimated 60 australians who are fighting alongside islamic states in iraq and syria. there are some who have returned back home home and it's that terrorism threat is being taken very seriously by authorities here. the terror threat level has risen too high for the first time. new terror laws have also been introduced and more are planned. >> i called animal member higgins. >> thank you very much madam speaker. my question is to the minister for justice. will the minister update the house on the governments actions to give federal law enforcement in our security agents the tools that they need to combat the terror threat? >> i called the honorable minister for