mega donor paul singer. most people have never heard of it singer, but every single member of congress has. he is one of the biggest reasons the parties behavior seems so divorced from the interests and the beliefs of republican vote voters. why do people you vote for keep doing things in washington you disagree with? in some cases, because they are paid to. and this year we recently profiled what singer's actions meant for a small town in nebraska. that segment got a big response, here is what we said. >> if you spend time driving around america recently, you have may have noticed an awful lot of the country seems to have shriveled up and died. take a trip on route to go in maine sometime, count the paper mills and abound in house as you see. down on route 23 and michigan or ohio, consider the empty factories ringed with barbed wire. outside the coastal cities, it seems like this are everywhere. this is your country now. shuttered car dealerships next to defunct restaurants across the street from thrift sto

no one is even pretending paul singer's tactics are good for anyone but paul singer and his fund.the case of delphi, the automotive parts supplier. during the last financial crisis, the consortium of hedge funds including singer's elliott management purchased delphi. with singer and the other funds at the helm, the company took billions of dollars in government bailouts paid for by you. obama's auto czar compared those tactics to extortion. but they continued anyway. once they had the bailout money, the funds moved most of delphi's jobs overseas and then either cut retiree pensions entirely or shifted the cost to taxpayers. with later financial commitments at home and cheap factories abroad, delphi's stock soared. according to investigative reporter greg palace of the 25 delphi plants when they started buying delphi's debt. only four were still operating in the united states by 2012. that means tens of thousands of unionized and white collar workers lost their jobs. paul singer's hedge fund cashed out for more than a billion dollars. see how that works? well some countries includi

tonight we went to tell you how paul singer does business. it begins in a small town called sydney, nebraska, population 6282. sydney is the longtime home of a sporting goods retailer which sells fishing and hunting gear. in october 2015 singer at hedge fund disclose 11% stake instead of pushing the board to settle the company. management apparently fearing a costly fight with singer announced it would look for a buyer. at the time,'s was a relatively healthy company boasting $2 billion in gross profits while $4 billion in revenue, there didn't see to be an immediate need to sell but cabelas sold after being pushed. one year after singer entered the equation. the stock price surged. within a week, paul finger cashed out. he bought the stock for $38 a share and sold it for $63 a share. in sidney, nebraska, a different story. the residents did not get rich, just the opposite, the community was devastated, destroyed. the town lost 2000 jobs. a heartbreakingly familiar cascade began, property values collapsed and people couldn't leave. they were

the short answer: because people like paul singer have tremendous influence over our political processself was the second largest donor to the republican party in 2016. he's given millions to a super pac that supports republican senators. you may never have heard of paul singer, which tells you a lot in itself, but in washington, he is rock star famous, and that may be why he is almost certainlyth paying a lower effective tax rate than your average fireman, just in case you are still wondering if our system is rigged. oh, yeah, it is. tonight, we want to tell you a little more about how paul singer does business pick of the story begins in a small town called sydney nebraska, two hours outside denver. sydney is the longtime home of a sporting goods retailer, cabela's, which sells fishing and hunting gear. in october of 2015, singers hedge fund disclosed an 11% stake in cabela's and pushed the board to sell the company. cabela's management, fearing a long and costly fight with singer, announced they would look for a buyer.a' at the time, cabela's was a relatively healthy company. it was

i don't want to pretend it's just paul singer.h and probably even more. >> no, absolutely. and the influence they have over the white papers and the thinking that's coming out of the conservative inc., the react. again, people are identifying this as the true conservative movement. i lost all belief and faith and trust that that is what conservatism was about years ago. and, in fact, i think we have to really reconsider what the conservative movement actually is not only what it's advocating but actually who is funding it and what are its priorities? is it priorities this billionaire class of vulture capitalists or is it actually on behalf of the american worker and the american people? i have to tell you, tucker, i think we are kind of living in aliewlings right now. we say we have a republic of we the people for the people. i would argue we haven't had that for decades. the people that are supposed to be defending and advocating for it. they abandoned that a long time ago so they could have six and seven figure salaries and marb

central bank she's in bed with paul singer joe user. it together she is now at the e.c.b. but indeed she was at the i.m.f. when they were negotiating the other central bank and she is in bed with paul singer and the same mentality it's a coup let's talk about foreign intervention because of course the currency has fallen by over 50 percent here inflation is raging have seen numbers between 38 and 55 percent inflation rate here's a tweet as we were flying down here so trump restores tariffs on steel and aluminum shipped from argentina and brazil citing concern about both countries devaluing their currency now usually this sort of intervention of tariffs in order to fight devaluation of currency is that when they devaluation is done intentionally i really believe this is done intentionally this was in fact they've thrown $22000000000.00 of an i.m.f. loan and to stabilizing the currency so this is how ever acting like a tough guy with out any real information again argentina has been a punching bag for american empire as is all of south america and it's all accomplished using

>> paul singer is reported to be among the founders. i don't think i've ever seen document about. >> he's the one who funded that? >> the project was funded by the deacon. we didn't inquire whether he was getting it so i think it was generally known at the time that paul singer is a supporter. >> so like what a conservative publication presumably republican fund and opposition research project on complex. >> at the time, it was the early primary season for the republican nomination. there is a lot of concern inside the republican party that trump was both not real republican, some of his positions, his history of donation suggest he was a democrat or had policy positions that were more than the democrat particularly on free trade. there were concerns with his policy positions and think there was concern he was not a viable nominee that if he were nominated, the republicans will lose because of his character, his policy positions general populace demagogic orientation, republicans had a terrible experience, a similar populace immigrant c

. >> host: and who is paul singer? >> guest: reported to be among the funders of the free beacon which is a nonprofit -- i don't think i've ever seen documentation of that but it don't think he disputed. >> host: he was the one who funded project bangor transferred the project was funded by the free beacon and we didn't inquire as to where the free beacon was getting the funding from such think it was generally known at the time as it is now that paul singer is a supporter of the free beacon. >> host: why would a conservative publication presumably republican fund and opposition research project on donald trump? >> guest: at the time it was the early primary season for the republican nomination and it was a lot of concern inside the republican party that donald trump was both not a real republican, some of his positions and sister donations suggested he was maybe a democrat or had some policy positions that were more akin to a democrat, particularly on trade, free trade. so there was some substantive concerns with his

as been reported recently hedge fund like paul singer are destroying american towns the same way that they did toys help destroy greece or help destroy other argentina right there are destroying themselves so the stake is eating itself so we talked about job of the global insurrection. against banker occupation we see it around nations around the world especially those that cannot print their own us dollars everywhere but the us so here's a final headline looking at 2019 and looking ahead to 2020 i don't think it could possibly happen in 2020 but one day americans might join the global insurrection because owns half of all americans work in low wage jobs this is a brookings institute study america's unemployment rate is that a half century low but it also has a job quality problem that affects nearly half the population with the study finding 44 percent of u.s. workers are employed in low wage jobs that pay median annual wages of 18000 dollars to 44 percent of americans earn a median wage of $18000.00 that means half of them earn under $800000.00 so leave it to beaver was a show i wat

sunger paul -- singer paul anka flown in to serenade viktor orban. >> it is my distinct pleasure ando introduce my partner and my friend the prime minister of hungary, our guest of honor, viktor orban. >> reporter: four years ago such a fawning display would have been unthinkable, but under president trump the u.s./hungarian relationship is blossoming once again. and that's in no small part due to the appointment of ambassador david cornstein, an 81-year-old jewelry magnet from new york city with no relevant political experience beyond a decade's old friendship with the president. >> i became a diplomat. who the hell would have figured that. i became a diplomat. >> reporter: political appointees on both sides of the aisle are often inexperienced and sometimes ineffective, but cornstein has a direct line of communication with the president. he was as the result tall in arranging a white house visit for orban despite protests from both parties. >> probably like me a little bit controversial, but that's okay. that's okay. you've done a good job. >> reporter: one of orban's many controve

. >> paul singer quex. >> is among the founders of the free beacon i have never seen documentation of that. >> and he funded project bangor quex. >> it was funded by the free beacon and we did not acquire where the free beacon got their funding from. i think it was generally known at the time he was a supporter. >> why would a conservative publication presumably republican fund and opposition research project from donald trump quex. >> it was early primary season for the republican nomination that donald trump was not a real republican and some of his positions and the history suggested maybe he was a democrat or policy positions more akin to a democrat with free trade so there was substantive concerns and that he is not a viable nominee and if nominated the republicans would lose because of his character or policy positions the demagogue orientation to have a terrible experience with pat buchanan with the populist candidate who damaged george bush's reelection. >> you write in your book crime in progress from about march 2016 that now there was unanimity on the need to do it they cou

elliott and paul singer not happy about that, so they made a big fuss last week. that perhaps the points that they brought up, very much brought up by this letter from governor gavin doesn'tand it seems he mention the bondholder plan, but makes many of those points in terms of the changes that need to be made. one thing that we know, if we take a look at this chart in the bloomberg, the level of volatility we are seeing, typically we are looking at greater than 1% moves to the upside or the downside. in this chart over the last year, 10%. we have 31 daily moves of greater than 10% as investors are really continually surprised by this. but it does seem right now that california is listening perhaps to elliott management and wanting a plan that favors the bondholders more so than the equityholders, or maybe something equal once they emerge from bankruptcy. vonnie: the saga continues. guilty little, thank you for keeping up-to-date -- abigail doolittle, thank you for keeping up-to-date on it. from ember, you can interact with the charts shown on gtv . this is blo

at 7a years and 11 months old, he has taken the accolade from the american singer paul simon.‘60s rock'n‘roll legends the who. so what does the enduring appeal of senior rock stars tell us about the state of music today? we can speak to tom erlewine, who's is an american music critic —— we can speak to tom erlewine, who's an american music critic and senior editor for the online music database all music. he joins us from austin, texas. tom, why does rod stewart have such staying power? well, i think part of it is due to how smart rod stewart has been over the years to follow trends and also to realise where his audience is going because when you look at it, he has not stayed in the same place that he did way back in the 60s, early 70s when he was singing maggie may. he spent a good pa rt singing maggie may. he spent a good part of the last two decades singing standard and covering old rock ‘n‘ roll and old soul songs which sort of happens to go with his audience is going and so i think he has found an audience that will grow with him. so it is the reinvention which helps keep

at 7a years and 11 months old, he has taken the accolade from the american singer paul simon.ll legends the who. so what does the enduring appeal of senior rock stars tell us about the state of music today? here's the us music critic tom erlewine. well, i think a part of it is due to how smart rod stewart has been over the years to follow trends and also to realise where his audience is going, because when you look at it, he has not stayed in the same place that he did way back in the ‘60s, early ‘70s when he was singing maggie may. he spent the last — a good part of the last two decades singing standards and covering old rock ‘n‘ roll and old soul songs, which sort of happens to go where his audience is going and so, i think that he has found an audience that will grow with him. so it's the reinvention which helps keep him going? absolutely. and, you know, at one point in time, it was more of a creative reinvention. i would say, in the ‘70s and the ‘80s, he spent more time following an artistic muse. but recently, he has found a nice, comfortable groove to play to a wide audi

singer paul anka was flown in to serenade the guest of honor, hungary's far right authoritarian leader great honor to introduce my partner and my friend, the prime minister of hungary, our guest of honor, victor orban. >> four years ago, such a fawning display would have been unthinkable, unpresident trump, the u.s. hungarian relationship is blossoming once again. and that's in no small part due to the appointment of am ambassador david cornstein, an 81-year-old jewelry magnet from new york city with no relevant political experience beyond a decade's old friendship with the president. >> i became a diplomat. who the hell would have figured that. i became a diplomat. >> political appointees on both sides of the aisle are often inexperienced and often times ineffective. but cornstein has a direct line of communication with the president. he was instrumental in arranging a white house visit for orban, despite protests from both parties. >> pretty like me a little bit controversial but that's okay. that's okay. you've done a good job. >> one of orban's many controversial moves has been to

singer paul anka was flown in to serenade the guest of honor, hu hungary's far right authoritarian leaderinct pleasure and my great honor to introduce my partner and my friend, the prime minister of hungary our guest of honor, viktor orban. >> reporter: four years ago such a fawning display would have been unthinkable, but under president trump the u.s. hungarian relationship is blossoming once again. and that's in no small part due to the appointment of ambassador david cornstein, an 81-year-old jewelry magnet from new york city with no relevant political experience beyond a decade's old friendship with the president. >> i became a diplomat. who the hell would have figured that. i became a diplomat. >> reporter: political appointees on both sides of the aisle are often inexperienced and sometimes ineffective, but cornstein has a direct line of communication with the president. he was instrumental in arranging a white house visit for orban, despite protests from both parties. >> probably like me a little bit controversial, but that's okay. that's okay. you've done a good job. >> reporter:

paul: up next, richard singer joins us as we ask whether a flurry of central-bank easing means we have. this is bloomberg. ♪ shery: breaking news at the moment, we are seeing nuclear technology now diving more than 8%. a hostile takeover bid for that toshiba unit. ceo rejectediba's now fallingo -- about 9% at one point. priced is a highly nuclear equipment provider and he is basically not selling and price is not the issue. life or death situation for nuflare technology, suggesting the subsidiary would not be able to survive. toshiba gaining ground. paul. paul: thank you very much. 2019's flood of monetary easing has slowed to a trickle in asia this week. central banks in japan, indonesia, taiwan, and thailand, all met. our next guest says we are seeing the most concentrated period of monetary easing since the financial crisis. richard joins us now in sydney. richard, all those rate decisions, is the global easing cycle done? all those concerns about global growth, we can forget about them now? richard: we might get a couple more but in broad terms, it is done. 2019 was an incredible p

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his dad, the lead singer, is paul hewson, you would know him as bono. 0h, is paul hewson, you would knows but if the music wasn't good, the doors were shut. so they played a lot of small clubs and pubs building up lot of small clubs and pubs building upa lot of small clubs and pubs building up a reputation before they put out singles and launched themselves as a band in the public consciousness. it's a double—edged sword. band in the public consciousness. it's a double-edged sword. they are not the only one in this one —— this yea r‘s not the only one in this one —— this year's list, there is a singer called yungblud, his dad played with erect, and georgia -- his —— his dad played with t rex, and georgia, from london, her dad was in left field. you mentioned retro— futuristic soul. i don't know what that means. in the last five years, there have been a lot of grime artists like stormzy and dave. nothing this yearfrom artists like stormzy and dave. nothing this year from grime artist but there is a new wave of british r&b, recently we saw ella mae, who has just been nominated for a grammy

top grossing concert tours paul mccartney the rolling stones u2, who by the way grossed over $1 billion and roger waters pink floyd's lead singerill griffeth. keep on rocking in the free world, man. >> everybody that sees this list has a very different take depending on the generation you're from. but, you know, u2's number one a billion dollars in the decade. >> they're in a different -- they're not in the generation of mccartney. >> no but the stones are i mean, that's that generation what struck me is bon jovi did as well as he did. no offense. >> who knew? >> he's one of the two rock gods in new jersey. he and bruce springsteen and he outgrossed bruce springsteen in the decade. >> by the way, they live on the same street. >> let's not forget beyonce is on this list. >> but she's only number five. >> this is a very different list remember a few weeks ago we were talking about spotify's top artist it was a very different list that was very young, right, because younger people maybe stream more. this is who has money to spend on expensive -- >> yeah. >> by the way, i just want to throw this out there it's friday and why not? t