he wants to know how things are done here in switzerland. he's very open.t will make it easier for him to get used to life here in switzerland. reporter: when the refugees have their own apartment, the salvation army regularly sends out a community service volunteer to see how things are going. time for a quick checkup. four young eritrean men share the apartment. are they staying on top of things? the tiles are clean, and free of lime deposits. but a problem is developing. no wonder, with four people and no window in the bathroom. >> there's some mold. you need to air the place out a bit. >> we've got a cleaning rota. so we all take our turn. reporter: the cleaning rota works, the apartment is tidy, and not just because of the visiting camera crew. word of the housekeeping classes has gotten around with local landlords, and they're happy about it, too. the owner of this old smithy plans to renovate it so that refugees can move in. remo bisang has already found many apartments for the new arrivals through friends and acquaintances. many want to help. and th

guest: we found the previous investigation that in fact switzerland was hiding or money, but switzerland has also, because of crackdowns, has had to get clever about what they do then you have these days is singapore. that is where a lot of the money is going. host: also, does panama have personal relationships with high wealth? had a taxama has haven based on delaware, so all the rules basically apply there. that is where a lot of drug money was going through. a lot involved major drug figures in the documents, including massive figures and accident drug cartels. host: how many people do you have on this case right now? about 300 70e reporters working in 70 countries working on this story. getwe work is we basically the story and we don't interfere editorially and their plans for all we demand at the beginning is we decide the timing, and we like to do a global story while they do their countries specific stories. host: what is the base behind your organization? we rely entirely on foundations and individuals to give us support. host: robert from new york, republican. good morning. call

he wants to know how things ar done here in switzerland. he's very open.easier for him to get used to life here in switzerland. reporter: when the refugees have their own apartment, the salvation army regularly sends out a community service volunteer to see how things are going. time for a quick checkup. four young eritrean men share the apartment. are they staying on top of things? the tiles are clean, and free of lime deposits. but a problem is developing. no wonder, with four people and no window in the bathroom. >> there's some mold. you need to air the place out a bit. >> we've got a cleaning rota. so we all take our turn. reporter: the cleaning rota works, the apartment is tidy, and not just because of the visiting camera crew. word of the housekeeping classes has gotten around with local landlords, and they're happy about it, too. the owner of this old smithy plans to renovate it so that refugees can move in. remo bisang has already found many apartments for the new arrivals through friends and acquaintances. many want to help. and the housekeeping

. >> host: with the revelation from the panama papers does this strengthen switzerland's hand?>> guest: switzerland is under increasing scrutiny so is moving toward providing somewhat more insight into their customers so you immediately have new countries popping up, latvia is an interesting one, you have heard of mold over, a little country that sits between >> so your question about how does this impact diplomatic relations is a very important one, indeed. >> host: and in her book, "thieves of state," sarah chayes quotes: there has to be a general recognition that this crisis is moral as well as economic. "thieves of state" is the name of the book.

i'm talking about switzerland .ackdrop right now of what is going on in switzerland, especially with regards to currency? let's start with the currency that mattered in january 2015. letell us what's been going on. richard: yet seen the swiss franc grinding a little higher in value versus the euro. when of the key things driving this is the brexit referendum and the whole uncertainties surrounding that. we had bank of america telling us there were hedge funds and asset managers last month buying the swiss franc as a safe haven, concern primarily because of any of the risks associated with brexit. if this trend continues and we still have about 10 weeks left in the brexit campaign, we could see a further appreciation of the swiss franc. that may put pressure on the s&p to actually cut rates again. betty: i'm wondering when you talk about the brexit, i know the president is heading over next week to the u.k. to -- and brexit is going to be one topic that he will be speaking with david cameron and other officials on. i

you said the deal with america, then switzerland. the fact that the eu x a long time doesn't mean it has to take a long time. carolyn: the same is true of the -- >> this is bureaucratic nonsense. helpful, but in the overall scheme of things, we do an enormous amount of trade with the united states. we have no bilateral trade deal with the united states. we live in a world of relatively free-trade policed by the world trade organization. don't need trade deals. if anybody in this assembly goes , you are probably all too busy, but if you do, you see goods from all over the world. there are many more important things than trade deals, and the regulatory problem is a huge problem, and it is crippling for small businesses which are not really represented by the cbi had all. francine: hold on one second. >> you were shaking your head. in disbelief, when nigel said there were more important things than free-trade deals. the point he's making is correct. there are countries outside the eu that sell more and whose growth and exports to the eu

. >> the data to look at the results we have seen, finland is another place, switzerland will lose the referendum, and anytime it is proposed, in the netherlands, data in a couple years and canada finding out how to devise their proposed experiments. in these places you are still talking about it. and looks at whether these toss more benefits into the pile. and moving towards -- we have no idea what it is going to be because they loved it to the federal council to develop, one reason they will probably lose. let's finish it up. the last question of the afternoon. >> i have two questions. which may or may not be related. number one i was monitoring the twitter feed on the event and someone posted a question asking was there any rigor or sampling to the interviews you did and are you trying to present them as representative of something? my own question would be if i am a person who knows a fair amount of welfare, has read a book or two, a study or two, what is the most original or valuable thing i would get out of this book? >> it may be related. >> there was not a scientific sampling d

. >> caiman islands, bahamas, switzerland, panama, why are these places popular for having offshore accounts>> secrecy number one reason. >> reporter: that way you can keep your wealth legally under wraps or not. >> clearly, there's small number of people who make investment in bahamas and switzerland and others for the explicit purpose of evading tax,. >> i wish i can hide some money. i wish i some money to hide. >> reporter: once again, dr. choi stressed most people who have offshore bank accounts do so legally it's only a small percentage of people who do their banking overseas as a way to evade taxes. but that certainly is the general perception out there. >> no question. >> the stories we often hear. >> exactly. >> big money. >> big money. >> nicole thanks so much. >> what's your big good question? log on to cbsphilly.com/good question to submit your question. you can also tweet us using the hash tag cbs3 good question. nicole will be here every night with the answer on "eyewitness news" at 11:00. we can't wait to hear your good question. >>> atlantic city is on the verge of a shut down

. >> caiman islands, bahamas, switzerland, panama, why are these places popular for having offshore accounts>> secrecy number one reason. >> reporter: that way you can keep your wealth legally under wraps or not. >> clearly, there's small number of people who make investment in bahamas and switzerland and others for the explicit purpose of evading tax,. >> i wish i can hide some money. i wish i some money to hide. >> reporter: once again, dr. choi stressed most people who have offshore bank accounts do so legally it's only a small percentage of people who do their banking overseas as a way to evade taxes. but that certainly is the general perception out there. >> no question. >> the stories we often hear. >> exactly. >> big money. >> big money. >> nicole thanks so much. >> what's your big good question? log on to cbsphilly.com/good question to submit your question. you can also tweet us using the hash tag cbs3 good question. nicole will be here every night with the answer on "eyewitness news" at 11:00. we can't wait to hear your good question. >>> atlantic city is on the verge of a shut down

it will be interesting to see the scolding, the switzerland role.speaker paul ryan. no, i'm being told two minutes. so it's mitt romney moment. and hearing all this also reminds me of john kasich's speech a little bit from earlier today. we have some sound. let's listen to john kasich. >> some who feed off of the fears and the anger that is felt by some of us and exploited feed their own insatiable desires for fame or attention. that could drive america down into a ditch and not make us great again. >> to me, ryan williams, let me bring you in, he's saying unlike some whach we've heard from some of these other republican candidates. we can work through this, we can embrace government. what did you make of governor kasich? >> he's trying to lay out a rationale for his continued candidacy. there isn't one at this point. he's hoping for a miracle at a contested convention and that's not going to happen. the reality is the nominee is probably going to be trump or cruz, it's not going to be kasich. the only question now is whether or not donald trump get

or switzerland exporting to the e.u. one of the interesting things in spite of not being a member of the so-called single market, the united states has seen a much bigger increase in its exports per capita to the e.u. than we have. and the same is true also of switzerland. countries don't trade with countries, people trade with people, businesses trade with businesses. they will continue to do so to a huge extent. >> countries put on tariffs. >> that's -- >> you raised the animal -- directive of 2002. what's your access of the negotiations ongoing with china. >> of which negotiation? >> the axit negotiation. >> if you talk about the e.u./china -- >> no, the british negotiation. >> i'm sorry, i can't give you an informed commentary on that except to say i think it's very sad that we are currently unable to do a free trade deal with china because that power, that competence has been given to the e.u. >> well, now china refuses to do any specific negotiations with the u.k. on it at the moment. and i'm meeting in two weeks t

guest: we found the previous investigation that in fact switzerland was hiding or money, but switzerland has also, because of crackdowns, has had to get clever about what they do then you have these days is singapore. that is where a lot of the money is going. host: also, does panama have personal relationships with high wealth? had a taxama has haven based on delaware, so all the rules basically apply there. that is where a lot of drug money was going through. a lot involved major drug figures in the documents, including massive figures and accident drug cartels. host: how many people do you have on this case right now? about 300 70e reporters working in 70 countries working on this story. getwe work is we basically the story and we don't interfere editorially and their plans for all we demand at the beginning is we decide the timing, and we like to do a global story while they do their countries specific stories. host: what is the base behind your organization? we rely entirely on foundations and individuals to give us support. host: robert from new york, republican. good morning. call

you have been to france, europe, and switzerland. we are you finding interesting discoveries of new clients coming to you at the moment? >> this is what is amazing. no matter where we travel, whether it is all across asia, europe, or the u.s., investors all around the world have the same dilemma, where do we put money today given how low rates are? as the u.s. credit market is standing out around the world. science in tokyo are putting more money into investment grade. clients who traditionally invested in equities are moving into the high-yield. this 4% to the present return prospect is very attractive today. it is really a one in four year event. caroline: your optimism is keeping you warm today. of pimco's global credit marketi is a stronger man than i am. up in thisp particular cold weather. guy: i have to say, i was expecting it to look a little bit warmer, but it still looks a little bit like winter over there. carry on, caroline. now, let's look to japan. kuroda is making at a press conference in tokyo following the decision b

will will be a referendum in switzerland -- there will be a referendum in switzerland in a couple of weeks, pilot programs being launched in england and canada, so i'm just wondering if you could comment on the rest of the world and these ideas and how they might provide insight for what we're doing. >> well, i think you're right. i mean, around the world people are -- it's a sign of the wealth in the world, righting? that we are at a point where we are even considering a basic income for all citizens, for example. and that's wonderful news. we've looked at various, i mean, phil's already talked about it some, but our concern is, basically, this -- it's sort of at war with our idea that people need to be working to be happy. so if you just give them money and they can choose, as phil said, you know, four guys get together and get a beach house, there's nothing wrong with that, but we have a sort of philosophical question about, well, what does that mean? because we're not, you know, the minute you start putting rules on it, we're back to what we're doing right now. so it's interestin

francine: switzerland will go further into negative territory. >> and don't forget that mr.raghi has said that there is a floor, and subsequently cut rates again. japan is clearly in the early stages. the dmb is saying unlimited -- and recent moves would suggest further action. it isn't over yet. francine: thank you so much. stephen major, hsbc. he stays with us. we talk treasuries, next. also, what does the rest of 2016 hold for fixed income investors? we will get more of that analysis. i'm sure there is correlation. ♪ francine: welcome back. this is "the pulse." let's get more with our guest, stephen major. great to have you. you had some great calls on treasuries that were quite market moving. onyou have a new -- is that easing from janet yellen? >> yeah. if you had to pick one single factor that has driven the bond market this year, it was the fed's capitulation. that explains why it is the consensus going down in a steady fashion -- francine: to what? to the market pressure or something brewing in china? >> that is the bigger question. capitulation to more dovish forces

going back to japan and switzerland and eruope. currency game -- going back to japan and switzerland and europe. francine: you have to stick around. tesla next. lon musk says it will change the world. a closer look at the model 3 next. ♪ francine: let's get straight to the bloomberg business flash. nejra: thanks. nbang has walked away from a proposed takeover of starwood hotels. clearing the way for a purchase by marriott. cited various market conditions for pulling its bid. starwood shareholders are scheduled to vote on marriott's offer next friday. rd saidtail group's boa it would recommend sainsbury's takeover plan to shareholders. it values home retail at 1.4 billion pounds and represents a premium of 74% to the company's closing price on january 4, the day before the approach became public. shares in home retail and sainsbury are trading lower. apple has reshuffled the supply chain ahead of the release of its new iphone 7. it swept out asram and added phillips. the move is a boon to the production company while it search for a

opioid related deaths dropped in switzerland.the united states would have cut them that much in 2013 alone, over 5000 lives would have been saved. it's new york values that aren't so bad overall. next on gps, you can stock up management books from here to the moon and they'll all tell you how to put together a great team for business. google spent years studying the subject and they say the answer lies in one word, safety. i'll explain when we come back. stop... clicking around and start saving at hilton.com book direct... and get the lowest price online type 2 diabetes doesn't care who you are. man. woman. or where you're from. city. country. we're just everyday people fighting high blood sugar. ♪ i am everyday people, yea, yea. ♪ farxiga may help in that fight every day. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. one pill a day helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug, farxiga may help you lose weight and may even lower systolic blood pr

last year, switzerland moved below zero as well.ellen said that new rates could be on the table if the u.s. economy worsens. by february, more than $7 trillion of government loss worldwide offered you below zero. that means that investors buying bonds will not get all of their money back. here is the background. negative rates aren't act of desperation. they signaled that traditional policy options have proved ineffective. both europe and japan are trying to to prevent a flight back into deflation, falling prices that could derail economic recovery. here is the argument. negative rates, in. , should spur the banks -- in toory, should spur the banks trade. in practice, cash could go under instead.ess if more central banks use negative rates as a stimulus told, there is concern that the policy may lead to a currency war. that is your global business report. for more stories, visit bloomberg.com. tracy: while the consequences of negative rates continue to play out, so too do the consequences of income inequality. divide" discusses it.

. $4 billion is earmarked for investment and some of the money may come under accounts in switzerland. statests in the united are shining a spotlight on the gender pay gap on tuesday. home 3.5part took months of extra work. to everyn about $.79 dollar earned by a man. for minorities, that is even greater. hillary clinton wants it will pay and called for transparency and action on the gap. >> some say that there is not a gap. that is wrong. working full-time in 2014 and, when you break it down, for african-american women, that number is 60%. for latinas, 55%. the last time i checked, no discount for being a woman. groceries do not cost less. rent does not cost less. less?ould we be paid >> can you bring some fluffy kittens . we are going toq?q?q?q?q?q?q?q? 04/12/16 04/12/16 [captioning made possible by democracy now!] amy: on the road in san francisco, this is democracy now! >> the american people won't take this anymore. thise going to end corruption. this is just the beginning. this is just the beginning! join us! join us! amy: democracy spring. more than 400 people were arrested at

>> we've got an example through the with zurich, switzerland, they made free heroin available.you had to register, but you got as much heroin as you wanted. the idea was to reduce death, disease, crime and corruption. i met with the chief of police from zurich, switzerland when he came to albuquerque for a worldwide drug conference in 2002, and he said when they came out with this program in zurich, i and all of law enforcement could not have been more opposed to this. death, disease, crime and corruption was going to skyrocket. i'm here to tell you that all of those things improved and the citizens of zurich reupped on this program. when you realize that only 8,000 people a year die from heroin overdose, and people say, well, that's because it's illegal. gee-whiz, if it were legal, if it were controlled, meaning, quality, quantity known, you might not have any death. people will still commit suicide, doing anything. john: some people will get addicted so geraldo rivera has a related go. >> when covering the new hampshire political primaries, the presidential primaries, we foun

three directors were in switzerland, and three were in the bahamas and at one point they had 50 employees in the bahamas. but when you look at these documents, you see that although tax, all of u.k. the decisions that were made, and the board meetings were made abroad, all the major decisions were actually made here in the u.k. by the prime minister's late father. today down street has been very clear, categorical and persistent they will not comment on the tax affairs of mr. cameron's father. they say the issue of whether the canada family -- cameron assets offshore is a matter of private business. >> is that enough to satisfy the public? >> i do not think it is enough to satisfy the public. they have been trying to limit the discussion about this, otherwise there would be debate raging and urgent questions of -- at the house of commons. vocal abouthas been aggressive tax evasion and tax avoidance. tex evasion is illegal, whereas tax avoidance is not. this shows he has simply not done enough. the u.k. has not done enough. what they have done is swift and multiple reactions. one is from c

alix: you can see what's happening in switzerland.t, the swiss f cannot help from depreciating. and then apike follow-up but it's been climbing higher ever since. scarlet: in the last six weeks or so, you will see a much sharper move. we inverted the charts of the line shows this rising against the euro. it gained almost 3% and its holding below a dollar nine. who is buying it? you have hedge funds and other investors worried about the brexit and the greek bailout so is the demand for safe haven. i took a look at noncommercial contracts. a are up 34% in the past year. a lot of long bets are coming in. scarlet: with that, you got an increase in volatility. you look at the one-month volatility on the swiss franc, there is a spike off the low in late march at the end of the chart. a stronger frank is not what the swiss national tank wants. that big move lower in the euro versus the franc, the s&p intervened to keep it from dragging down the economy. take a look at the swiss gdp. hurts withfranc exports and we will see more negative rates

charlie: the next one is in switzerland.his is an agreement between the united states and switzerland in which america is chasing tax invaders with offshore accounts abroad. this basically rot down the swiss banking system and insisted on swiss banks revealing the private information regarding any americans' holdings there. charlie: the theme of this one more time is what? taryn: basically right now we are living in a world where the gap between what we see and what is actually there seems to be so huge, particularly in clinical arenas and the way in which power and authority is broadcast, and the means by which we construct that power. so, to me, the flowers are representative of this pattern. it is about those ways in which we decorate ourselves to create a certain sense of control. charlie: here's what you said about entering this project. i entered into this project very differently than i have in this -- the past. i feel like it was going and the complete opposite direction in object, material, and source. this was diff

. >> rose: the next one, switzerland. >> the agreement between the united states and switzerland in which america is chasing tax evaders with offshore accounts abroad, and this basically brought down the swiss banking system and insisted on swiss banks revealing the private information regarding any american there. >> rose: so the theme of this one more time is what? >> basically, right now, we're living in a world where the gap between what we see and what's actually there seems to be so huge, particularly in political arenas, and the way in which power and authority is broadcast, and the means by which we construct that power. so to me, the flowers are representative of this pattern, and it's about those ways in which we decorate ourselves to create a certain sense of control. >> rose: here's what you said about entering this project. i entered into the project very differently than in the past to other works. i feel like i was going to the complete opposite direction if object, material and source. this was different. >> yeah, it was different because the initial interest in using flow

switzerland, singapore, hong kong, the cayman islands that trillion in wealth, the vast majority of whichnot declared. katty: do you have a percentage of what is illegal? >> about 80%. 80% isdeclared, but undeclared. it is a progression. it used to be 95%. there has been action. entering places. evasionsian is -- tax is declining, but remains prominent and too high. katty: thank you for joining us. >> 80% is still a big figure. who is up and he was down to become the next american president? we could get a clue when wisconsin town's balance. they're looking critical for donald trump who has been slipping, and for hillary clinton who gets a challenge from bernie sanders. reply pressure -- barbara plath usher reports. correspondent: both of the presidential front-runners are on the defense to. donald trump was stumping hard .or votes in the cheese state he is behind, and if he loses, winning the nomination will be tougher. >> i would like to introduce my wife. broughtndent: he even his wife to sweeten his message, hoping to recover from missteps steps that played badly with female voters. 7

you were born in germany, educated in switzerland. have this german background and germans are very principled. haslinda: you sound thai. harald: many people say that. over time, i have become a combination. i still have something which i really like about german upbringing or german culture. there are something that i really like about thai. the -- we talk about the buddhists, even though the christians and buddhists are different, i think in thailand, buddhism is more expressed in the way of life. thai people are really flexible and willing to change her that is a great thing. germans are really great and really principled and thoughtful and professional. what we try to do is to combine the two. haslinda: you go a long way back in terms of how long you have been in thailand. it was 1978? harald: yes, i came in 1978. my grandfather came in 1973. haslinda: you brought a wife later on, a princess from which -- from litchetenstein. it is not a traditional way to impress the wife. caroline: she was very adventurous. she says she could ha

. >>> closed captioning sponsored in part by -- allergy eye relief from similasan of switzerland.e with natural herbal extracts, not harsh chemicals. use them as often as you need. similasan. brought to you bytitude escape to margaritaville, the new instant game from the pennsylvania lottery. featuring a second chance trip to the fabulous margaritaville beach resort in hollywood beach, florida. the ultimate paradise getaway, offering relaxation, entertainment and adventure. incredible dining and more. escape to margaritaville. paradise could be yours in an instant. keep on scratchin' >>> hi, we are miguel and holly from hot 101.5 in tampa. >> kesh shah is back. this is confirmed by zed via twitter yesterday afternoon. she's working with him on that song true colors that she did with him at coachella about she got the go ahead from the record label to work with him. >> i want to celebrate for cash ya. >> we should all pour one out. speaking of music news, drake's new album drops tomorrow. everyone's having so much fun with the cover art, because there's a tiny drake on it. you can

all the help has arrived from mexico and spain and chile and venezuela and switzerland.ecretary of state john kerry said the united states will also help in anyway possible. >> the united states military is joining efforts to help people devastated by a string of power ful earthquakes in southern japan with the death tomorrow at 42. 1,100 have been injured. crews are looking for survivors that are buried. sins thursday there have been 44 earthquakes 4.5 or larger including 7.0 earthquake on friday. game two of the nba playoffs could have to happen without steph curry tonight. and dubs nation said "bring it on." janet o is at oracle arena today. janet? >> we heard that steph curry did not participate in the shoot around which could be a bad sign but fans say even if steph curry has to sit it out they will be hear and this shirt said it all at far as the unconditional support, it is all about strength in numbers. there is no question they will win. >> fans pump to see them take on the rockets in game two. one player they may not see on the court along with the three pointe

many other places where this guarantee of the floor is gaining enormous support, a referendum in switzerland and a couple weeks, pilot programs, in england and canada and pilot programs in india and namibia. i wonder if you could comment on the rest of the world and these ideas and what we are doing. >> around the world, where we are considering basic income and still is talking about it, that is at war with our idea that people need to be working to be happy. if you just give them money and they can choose, four guys get together and get a beach house, nothing wrong with that but we have a philosophical question about what does that mean? the minute you put rules on it and say you have to work we are back to what we are doing right now. and to see these studies, there is a lot more research and it is fascinating countries in different places reach that point, and that ability having grown up in the world, and the fact that it is as varied is awesome. >> the data to look at the results we have seen, finland is another place, switzerland will lose the referendum, and anytime it is proposed, i

we have seen in europe and switzerland, newspapers being bought by politicians and from one day to theext, their editorial stance changes. even worse is in turkey, with the president making sure the newspaper follows party lines. china is not doing well either things to its great firewall. then there is eritrea, which has been at the bottom of the rankings for the last eight years. the country has been a did readership in which the media has no rights for decades. at least 15 journalists are currently being detained. catherine: coming up is the business of day, but first -- scores are thought to have died in a mediterranean shipwreck. the u.n. refugee agency says as many as 500 people may have drowned. expectedlian court is to vote on whether lula da silva can join the government of the current president. and the u.s. president meets with teen solman in saudi arabia. relations are under pressure after last years iranian nuclear deal. marcus: time for the business roundup and we are going to start with google and its parent company, alphabet. they are in the crosshairs of the european u

the plane has been in the works for 15 years by a man from switzerland.he plane is carbon fiber weighs about the same as a family car and is covered in state-of-the-art solar panels with four batteries on board. it takes off with full batteries and flies around the clock running on batteries at night and recharging them during the day while in the air. on this earth day the team is hoping to inspiring students, businessmen and elected officials across the planet to see what they can do to use clean technology and get inspired to do so. solar impulse 2 set to land at moffett field around 9 p.m. on saturday. live in mountain view, kiet do, kpix 5. >> once it takes off, how long can the play stay in the air? >> reporter: you know, in theory, the team says that once it's in the air, using the cycle of charging and flying, they say that plane can basically fly forever. limited only by the pilot's strength and endures. >> thank you, kiet. >>> time now 6:07. the death of prince hitting close to home for many here in the bay area. we'll speak to fernando and greg

. >> eshel got a chance to meet prince once in switzerland, an unwaiver follower since then. >> you really lived and breathed prince. >> yeah, pretty much. >> it's amazing. >> it is my loss. i feel it really, really a lot. >> so many shattered by his passing today mourning and celebrating in purple. vendors along 125th street selling commemorative pins and t-shirts. >> purple rain, that was the two favorite songs people remember him by. >> trisha a mom of four bought three of them. fan. >> a very big fan. i made my children off of him. >> from harlem to broadway. >> purple rain, purple rain. >> stars from none other than the color purple belting out one of his biggest hits during curtain call thursday night, the performers of hamilton saluting him as well dancing to let's go crazy at the close of their show. and in brooklyn borough hall was awash in purple. on the streets of fort greene spike lee led a dance party last night drawing hundreds to celebrate the life of prince this soho subway sign modified by fans in tribute while his high legalled purple boots are cafe. now out here for almo

this video from switzerland. a guy is chasing a train, gets a really nice shot as he is cruz ago long following this train. he said he got a sudden and strong cross wind and that's why he lost control of his drone and crashed into the power. the drone begins to tumble boards the ground when suddenly -- >> dude. >> rescued his self. >> somehow, somehow, and i have this exact same drone, phantom 4. somehow it crashed into this train tower, tumbled towards the ground. the thing somehow caught itself before crashing to the ground. >> you do have one of these. so that is possible? >> i never knew it to be but i haven't crashed this particular drone yet. i have only had it a few weeks. they do have collision avoid dance sensors but effective in slower speed modes. i think he was trying to keep up with the train and that if emits the sensors. >> he went back to the sensors. >> one hungry, hungry hippo. >> i love watermelons. i feel like i eat them just like that. >> a fascinating look at hippo versus watermelon. plus, t

we had a police raid in switzerland to the headquarters of uefa, the governing body for soccer in europe. fernando: beyond the massive irony of all these cases, what's the practical implication? what do you expect to happen from here? gerard: i think there will be investigations into this. i think the stories will continue to flow. we are working with more than 100 media organization in more than 70 countries. they are still publishing. they are still scrambling now to finish their work, and we have a publishing schedule for at least one week, maybe two. then it's up to the authorities to decide what to do. our job as journalists at that point is done. we have revealed what we have seen. fernando: thank you so much for joining me today. according to a report released two years ago, an estimated 150 don't -- $150 billion in potential tax revenue disappears into offshore accounts each year. announcer: coming up -- for both republicans and democrats, it is a different kind of party in the big app anyando: talk to just about democrat or republican today, politics as a descent into madness. w

and america is third behind switzerland and hong kong. but there are 11,000,000 documents leaked and it's possible america may pop up down the line. >>> and in the washington post, time to wake up. spain's prime minister wants to end the siesta. traditionally it starts at they have a midafternoon break and he wants to enforce normal working days which end at 6:00 p.m. welcome to the real world like the rest of us. >>> well, there must be something in the water because for the second year in a row, one of elmont's students has league schools. that's right, the val a adictorian face as dilemma. they all operate independently on their admissions. congratulations. >>> so, nasa's mars' rover may not have found life but it has found dust devils. this shows the tracks in the forground and a martian twister thirn in the distance. they say they're common on mars but it's a rare site for the rover called "opportunity." >>> and a deer in ohio found out the hard way that it wasn't meant to be a goalie. police officers came to the rescue of this trapp

it will travel to switzerland an reach brazil by next tuesday. >> many of our local athletes will heado brazil. >> among them a cal gymnast who will represent south africa. for him the honor is surreal. them first time in 50 years a a south african gymnast will compete in the olympics. he was born in south africa but grew up here in pacifica. he says has dreamed of becomening a olympian since he was 3 years old. >> extremely excited. just made everything worthwhile. i have been training the past 18 years. >> reporter: patterson plans to compete in six events during the summer olympics in rio. i will be on the hundred for him when i'm in rio. i will be on the hunt looking for patterson. >> we will be cheering him on for team south africa, as well. >> yes. >>> we will be going back to the oracle. we will be court side after the warriors big one. sky over the oracle arena, to celebrate the warriors >>> okay. let than an hour ago fireworks lighting up this sky over oracle arena to celebrate the warriors advancing to the next round of the playoffs. >> we have the biggest fireworks budget in

in switzerland, governing body, uefa, they raided the offices in order to secure evidence. they're looking into suspicious contract involving the sale of broadcast right for championship matches at a low price. it was in the linked documents. media in france say finance minister michelle sopan questioned the major bank personnel for alleged involvement in inappropriate deals. media in other european countries, such as germany and britain report that authorities have opened investigations and the law firm in panama where leaks originated from. they disclose that 14 banks in germany created more than 1,200 shell companies through the law firm. >> just the tip of the iceberg, and this is just one tax haven in one law firm. >> owen is a member of an anticorruption ngo. she says it shows many numerous heads of state are operating below the radar of public scrutiny. >> we need to tackle the tax havens, calling for public registries in these tax havens, which will disclose the real owners of the companies. >> urging countries of the oecd to cooperate to tackle the issue. >>> japan

switzerland is one of the country that has the most negative rates. we're seeing it in various dimensions. the first one you just talked about, liquidity, your treasury department used to earn a return on holding liquid bonds. in switzerland, you have to pay 35 basis points for the privilege of holding a swiss sovereign bond over a ten-year maturity. the liquid tid provision has changed. we also see that banks that used to be market makers, because of the new regulation, have moved out of that function to a large extent. so they don't provide stress liquidity. we're going to see more needs for the central banks to provide liquid. my european central bank, for example, is trying to do that with their dedicated long-term ltros. so it's term liquidity. that's something that banks can lock into. it even has a favorable condition attached to it in europe in the sense of a negative interest rate. but in general, i think negative interest rates are just a tool that you can use in close proximity to zero only. >> it seems to be scary for investors, the prospe

she stood up and supported negative interest rates in places like japan and europe and switzerland when at the same time there are a lot of people saying it's going to backfire, not work, including alan greenspan, the former head of the central bank of this country. >> a great lineup of people you spoke to yesterday. great work. but it's good to have you back. >>> corporate news, exchange operator bats global market pricing its ipo at $19 a share. shares expected to begin trading today on its own exchange. the company is hoping this goes better than its last attempt to go public in 2012. here's a look back at how it all played out right here on cnbc. >> apparently there was some kind of system overload that happened there. the system itself crashed. i'm trying to be fair to everybody. this is an epic embarrassment. there was one official trade. the rest were erroneous trades at a few pennies. my question here, what exactly happened? when is the stock going to reopen, if at all? >> bats says it's been aggressively testing its auction system to make sure it can handle the volume today. >>