u.s. bank goldman sachs and two of its former employees they're accused of diverting almost three billion dollars from the state investment fund known as one named d. the bank denies giving false and misleading advice to investors malaysia's former prime minister najib razak is facing thirty eight charges of corruption in connection with the scandal. the greek government is describing a bomb blast at a t.v. station as an attack of democracy sky's headquarters near athens is badly damaged but no injuries were reported and the terrorist police are looking for a motive sky is one of the largest privately run stations in greece and has been strongly critical of the government's policies. to government plans to send hungry have again been on the march to condemn what they call slave labor laws the new legislation allows companies to demand employees work up to four hundred hours of overtime and delay payments for three years protesters are furious with what they call increasingly authoritarian rule of right wing leader viktor orban those are the headlines here on al-jazeera back with more news

u.s. bank goldman sachs and two former employees are accused of diverting almost three billion dollars frome state's investment as one n.d.b. the bank denies giving false and misleading advice to the investors the prime minister najib razak is facing thirty charges of corruption in connection with the scandal. they did changes all the way in mexico for more than two million domestic workers supreme court judges saying they'll now have access to the social security system things like health benefits child care and housing loans job home and reports from mexico city. a frugal breakfast before isabel heads out to clean someone else's house more than two million mexicans almost all of the women start the day in the same way in this small army of domestic workers almost no one has health benefits job security or a pension for isabel at fifty nine years old that weighs heavy but. the future is very uncertain i live day to day i don't know what will happen tomorrow. but things are changing and the claim new film roma dedicated to the domestic worker who helped raise the movie's director has helped

u.s. bank goldman sachs and two of its former employees they are accused of diverting a list three billion dollars from the safe investment fund. malaysia's former prime minister najib razak faces thirty eight corruption charges over the scandal. anti-government protests in hungary of again lead on the march to condemn what they call slave labor laws the new legislation allows companies to demand employees work up to four hundred hours of overtime pay a year and delay payment for three years right those are the headlines are up to date coming up next inside story. hello and welcome to the special edition of inside story coming to you from the doha forum i'm daddy and. over the next twenty five minutes we'll be looking at the issue of food security and water sustainability with a projected global population of more than nine billion people by the year twenty fifty what's at stake if countries don't ensure food and water security will bring in our guests in just a moment but first this reports by sara high writes. yes starving and on the verge of fun in the place where the u.n. says food is

u.s. bank goldman sachs the case is part of a corruption and money laundering probe at state fund one m d b the charges target since subsidiaries of goldman sachs and their employees investigators in malaysia say billions of dollars were stolen from the state development fund former prime minister najib razak is facing thirty eight corruption charges in the case. and the government protests is in hungary have again been on the march to condemn what they call slave labor laws new legislation allows companies to demand employees work up to four hundred hours of overtime annually and then delay payment for three years for a challenge reports from budapest. for the fourth day now protesters have been on the streets of the hungary in capital budapest recent law changes abroad thousands of people out to denounce prime minister viktor orban right wing government has been the long voice i think that this content is growing and with this not only anger and frustration but also those voices which would like to make change. well you know again banish an answer and again when i'm mad at that i had en

u.s. bank goldman sachs it's part of a money laundering probe which has seen the former prime minister najib razak charged with corruption. case targets goldman sachs and two of its former employees are accused of diverting two point seven billion dollars in the state fund one and the bank denies any wrongdoing and a quick reminder you can catch up anytime with all our stories on our website. dot com. and one of the top stories on our jazeera they've been reports of clashes in the yemeni port city of her data despite a un backed cease fire being implemented it follows a weekend of violence where at least twelve people died and twenty five others were injured tuesday a cease fire was agreed by warring sides after a breakthrough in peace talks last week but if the rebels accused the coalition partners of breaching the agreement just hours before it came into effect that the system was shot after concluding the swedish consultations the coalition did not comply with what was agreed on the whole day to city witness the following aggressions on the first day of the talks the coalition warplanes l

u.s. bank goldman sachs and two former employees they're accused of diverting. three billion dollars from the state investment fund one. the bank denies giving false and misleading advice to investors malaysia's former prime minister najib razak is facing thirty eight charges of corruption in connection with the scandal. has made landfall in sofie sin india local media bringing the storm for the death of one man who was killed by a landslide the winds blew into the coast seoul in the coast of andhra pradesh around one hundred kilometers per hour they have been heavy rains as well thousands of people were moved to shelters this is a third cycle and to hit the area in three months. a french court has ruled against three former high school students of african descent to accuse the state of racial discrimination they said they were stopped and searched by police on a school trip because of a skin color but a judge in paris disagreed reports from the french capital. it was a visibly disappointing verdict for these french former students they had sued the state for ra

u.s. pull out. investment bank goldman sachs is facing criminal charges in malaysia over the loss of billions of dollars from a state investment fund while the financial services john says the former government in kuala lumpur is to blame claiming that it lied to the bank and i know bush will investigate whether the company will face any consequences. the indictment states goldman sachs not only ridiculously inflated fees of six hundred million dollars for helping stop malaysia's corrupt national wealth fund well in coalition leader and what abraham says the wall street bank must be complicit in the whole affair probably the most stunning financial scandal of the decade is the freedom governance and you allow us to believe this one is much above and. complicit to the. international financial institutions and bloom a six of course in the instead of investing it in the nation prosecutors say the funds cash was blown on a five year spending spree from beverly hills mentions to a writ twenty two carat pink diamond seat. through grand piano gift to australian supermodel miranda kerr quarter of a billion doll

u.s. imposes sanctions on the country but tons of blind eye to violations in neighboring hundred s. . also this hour investment bank goldman sachs fights criminal challenge to malaysia claiming it's the victim of a massive blow. a very warm welcome to you you're watching r.t. international with me and karen great to have you with us this hour our top story the u.n. general assembly has now really adopted a ukraine sponsored resolution blaming russia for what it calls the militarize ation of crimea nearly half the member states abstained from the vote the resolution accuses russia of restricting navigation in the black sea most blasted it as one sided saying it gives kiev a permit to scapegoats russia here's how the assembly unfolded. united states is pleased to co-sponsor the resolution highlighting serious concerns with the militarization of crimea and russia's recent unprovoked attack on ukrainian naval vessels in the current strait russia's attack as a dangerous excavation and its ongoing aggressive activities towards ukraine it is yet another violation by the russian federation of the un charter and deliberate attack by the

u.s. banks. slightly less expensive than jpmorgan. but they are taught bank because of their deposit franchise. the one bank goldman sachs about his goldman sachs. they are right now trading at about a little over seven times the price to earnings ratio. morgan stanley pointed out in recent weeks that that is as low as crisis level. we have more scoops on the terminal about the scandal, so you can see the disparity. and how they are relative to the u.s. banking peers. and the problem is people are hesitant to invest, while they see risks of different fines coming along with the scandal. vonnie: i think that was clever. not only did you use reverse psychology, but she promoted the stories on the bloomberg that are well worth reading. so, guy, what do you have for us? guy: do want to buy this market at this point? i expect from an equity point of view that may not be the case. but that is the view of the chief technician over at baycrest. they are talking about the percentage of the s&p that is trading above and below the 200 day moving average. so at the moment, the average is around 60%. if you have north of the percent

u.s. imposes sanctions on the country turns out to violations in neighboring countries. investment bank goldman sachs faces criminal charges in malaysia over the loss of billions of dollars from a government. possible consequences for the wall street. two pm here in moscow this choose they the september the eighteenth welcome wherever you're tuning in from our top story. the fate of syria is being thrashed out in the swiss city of geneva a meeting hosted by the u.n. special syria envoy stuff on de mistura top diplomats from russian iran turkey are putting their weight behind political efforts to ease years of turmoil in the region our senior correspondent is in geneva for us joins us live on the program route as far as i'm aware the meeting is in progress on the stage do we know what's come out of it. well nothing yet it's been quiet but the foreign ministers of iran russia and turkey huddled together behind closed doors we expect a statement in a press conference later to see what indeed if anything they've agreed to just just to get this out the way the talks negotiations on this new constitutional

goldman sachs. malaysia charges holman. the u.s. faces criminal charges related to the 1mbd scandal. fines to the banks could be $2.7 billion. oldman believes the charges to be misguided and defends against them. let's talk to stephanie who is our singapore bureau chief and joins us. bring us up to speed with the latest. stephanie: we have a little bit more information now. these charges are the first criminal charges against goldman since it was embroiled in the 1mbd scandal. they are related to the bond sales that goldman arrange for -- 1mdb. coleman allegedly misrepresented investors of proceeds with used for legitimate purposes. when the bank knew that the funds would be misappropriated according to the malaysian attorney general's office, pretty strong charges here. just to recap, this is the 1mbd 1mdb scandal that brings down the government the has been in power for more than half a century. it helped to topple the former prime minister. and since the new government came in, it has been really widening its probe and has been bringing charges -- increasing aarges against the person part of the mi

u.s. treasury secretary stephen newton has phoned the heads of the country's six largest banks to discuss steps to calm markets after a week of dramatic losses on wall street when i called the chief executives of goldman sachs bank of america j.p. morgan chase walk in stanley citi group and wells fargo will corning to statement confirmed that they have ample liquidity available for lending the calls come as u.s. stock markets suffered the worst week since the twenty or two thousand and eight financial crisis uncertainty over the passion go. the mint shutdown has added to concerns. for more on what's driving the markets in these last few days of the year i'm joined by people in the jim blue my colleague of course will phone call do you think come markets well i mean if the reaction is anything to go by so far it's not doing any of that likely you reassurance that isn't quite there reassurance now investors actually thinking about whether they have to be concerned about the liquidity that he had to discuss with those six bank c.e.o.'s in the u.s. that he spoke with yesterday and of course today he'll be having a meeting with the leading market participants in the u.s. regarding the current market volatility a

goldman sachs bank of america j.p. morgan chase morgan stanley citi group and wells fargo according to a statement confirmed that they are quote full liquidity available for lending as follows u.s. stock markets worst week since the financial crisis ten years ago uncertainty over the partial government shutdown has added to concerns he indices how wiped out all their gains for the year. meanwhile a christmas surprise on european markets shares in the london stock exchange fell nearly four percent on news that pan-european exchange operator euronext is the talks to acquire. a region socket change for six hundred twenty five million euros the company is currently seeking the support of the board of directors it has already secured support for its offer from oslo bar shareholders representing almost half of outstanding shares your own next which operates furs and paris amsterdam brussels london lisbon and dublin that also boris position in seafood derivatives and oil services and shipping attractive. the royal bank of scotland r.b.s. has applied for a german banking license ahead of brags that that would help the bank retain its clients in the e.u. if britain crashes out of the bl

smaller, regional lenders have become major drivers of shadow banking in china as they seek profitability. goldman sachs has revised down its u.secast for the first half of 2019. a chief economist wrote in a client note the bank sees 2% growth in the first half, down from 2.4%. it also expects that the probably waited rate hikes to .wo the u.s. will welcome the new year with the government still impartial shut down and with little indication of any imminent agreement to resolve the standoff. some 400,000 federal employees are were he without pay. and 350,000 are furloughed. democratstrump blames for the death of two children at the border. kim jong-un wants more summits to resolve the nuclear impasse that has stalled negotiations with the u.s. kim said he was willing to meet more often in 2019 to advance peace talks and achieve a nuclear free korean peninsula. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm debra mao. this is bloomberg. ♪ of china'sauge manufacturing sector has contracted for the first time in two years, highlighting conc

goldman sachs bank of america j.p. morgan chase morgan stanley citigroup and wells fargo who according to a statement confirmed that they have ample liquidity available for lending called scame as u.s. stock markets experienced their worst week since the two thousand a trench a crisis uncertainty over the partial government shutdown has at its to concerns key indices have wiped out. games for the cue. ball or what's driving the markets in these last few days of the year i'm joined by the pundit jim baloo my colleague of course will phone call do you think come markets well i mean if the reaction is anything to go by so far it's not doing any of that likely you reassurance that isn't quite there reassurance now investors actually thinking about whether they have to be concerned about the liquidity that he had to discuss with those six bank c.e.o.'s in the u.s. that he spoke with yesterday and of course today he'll be having a meeting with the leading market participants in the u.s. regarding the current market volatility among other things and so obviously investors are wondering if there's more to be concerned about not really reassured of those points so everybody's i actually kin

commercial and consumer lending has been going down to the names like goldman sachs as well as wells fargo as jp morgan has picked up and u.s. bankcked that up. not all the financials will do well going forward into next year. that's why you have to be very differentiated -- charles: -- financials coming into this year, it was the easy pick, everyone on wall street said you have to own, particularly goldman sachs the smartest guys in the room, they haven't done anything, probably have four rate hikes, that was the premise for buying these stocks. is it a red flag that they didn't work? >> it is a red flag because they had the tail winds in their favor; right? they had deregulation, also the tax benefits. so the problem you are seeing especially because a lot of like jp morgan paying higher corporate taxes, now they get to pay lower ones. what is the catalyst for them to go up next year? charles: david? >> they are responding to market movements. one thing we didn't imagine this year is flattening of the yield curve. ten year yields are coming down. only 18 basis points between the two-year and the ten-year. there goes the bank's

thank you great stuff, especially on a day where banks and other financial stocks are leading the broader market lower. >>> more from the goldman, sachs u.sfinancial services conference coming up throughout the day, including sitting down with president and ceo john waldron. a lot more "squawk alley." don't go anywhere. rebekkah: opioids has taken everything and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning. >>> welcome back leslie picker is live in half moon bay, jpmorgan's revolution conference where she sat down with t rowe price on equity growth. >> we sat down with the man that runs the horizons fund that invests in small caps. he is known as a pioneer of private and public companies we have his thoughts on the market, especially the tech sector where he say he is being more selective >> we believe the dominant platform internet companies, microsoft, google, facebook, amazon, netflix, apple, are still very dominant and significant innovation is still happening in

bank of america, goldman sachs, morgan stanley. they say they are more prepared for the eventuality than a year or two ago. but the uncertainty would cause the european economies couldig on u.s. and global growth next year if that happened. >>rendeed. wi frost. thank you so much for joining us fromis london evening. >>> otherwise overseas events like brexit and trade could affect the global economy which is why investors are watching developments closely. in fact the chairman of the council of economic advisers said there are signs the global economy is slowing. >> the european economy is clearly slowing. i think the european economy is slowin because kbal sfending is on hold as people wait for brexit. financial lot of distress in italy. and of course europe exports to china which is suffering a severe slowdown. lthe glo economic outlook is lower than we had last year but for the u.s. we're humming along. >> mr. houser went on to say h believes the u.s. economy will grow by 3% or more he credited increase in business investment and the white house traed strategy. >> inflation remains muted tanks to decline in energy prices. the latest report on consumer prices was flat even

goldman sachs bank of america j.p. morgan chase morgan stanley citigroup and wells fargo who according to a statement confirmed that they have quote ample liquidity of vailable for lending it follows u.s. stock markets worst week since the financial crisis ten years ago uncertainty over the partial government shutdown has added to concerns the indices have wiped out all their gains for the year. now. is following the developments on wall street for us good to see you sophie so it doesn't seem as if we're able to calm the markets what went wrong. no it did not come markets at all it kind of had the opposite effect it almost seemed like and vessels were suspicious of statement and they wanted to why you would ask these kinds of questions now as if something was up or if he knows something we all don't know the broader market was down with the dow dropping around six hundred points and also shares of mansfield bank of america with one point five percent i think there's just too much going on right now that it's being investors with largest growth and a fact that is still going to raise rates two more times and twenty nineteen so no center rally and not even a friday night here on wall st

u.s. financial regulators after hosting a call with executives from six major banks on sunday. you have him meeting with j.p. morgan chase, bank of america's brian moynihan, goldman sachsavid solomon, morgan stanley, .ells fargo, citigroup what message did he convey to them and what about the meeting with the regulators? >> i think the basic plan here -- no one knows the details -- but most of us think this was not a leak. this was a letting us know that the government is busy fixing all of this. the hope is by promising everybody is on board to fix it, that the market will somehow come back. it is the easiest, simplest first step. the irony is, it did not play out very well because the mass of people sought for what it was, a ploy, an effort to verbally shore things up -- which makes you wonder about how bad it really is, having pretended there was no problem, having pretended we have a strong economy, we don't have one, so now you have to talk it up. my guess is it won't make a big difference. we have a long-term instability built into the economic system and we look to be on the verge of doing just the kind of downturn that history suggests we ought -- amy: why is f

u.s. stocks this week. how much economic downside is priced in. we will get the latest call from goldman sachs. central banksect the fed to downside, $80 billion on the sidelines waiting for distressed funds. welcome to "bloomberg daybreak," on friday, december 14. david westin is off today. we made it! carol: theresa may made it to it to what i can only imagine is one of the worst weeks in her political career. what a week. postponing brexit. then after dealing with a confidence vote. she won. 117 people in her own party voted against her. interesting feedback out of brussels. eu leaders toughening brexit language. diplomat saying the appeal was too vague. she is coming to them and not being specific about what she wanted. she is looking almost for the eu to say, here is what you should do. they are saying, you need to figure it out. it is and over. -- it is not over. alix: risk off developing. s&p futures down a 10th of 1% following the weaker sales in china. weaker manufacturing data out of europe, continuing in the u.s. euro-dollar down 6/10 of 1%. safe haven bid in the bond 2.88%.on the long end, crude

goldman sachs. instagram's russia revelation. the app played a bigger role in the manipulation of u.s. voters in the 2016 election. and it is a private credit frenzy. investors are piling into loans banksavoided since the crash. shery: let's get started with a quick check of the major averages. we are seeing u.s. stocks near session lows. we have concerns over economic growth ahead of the fed rate decision, expected to hike rates a fourth time this year, not to mention trade concerns, geopolitical concerns. the dow falling almost 300 points. 1.25%, led is down lower by health care stocks. a ruling by a judge in texas said obamacare is unconstitutional. that is sitting insurance stocks. the health care index trading at the lowest level since october. whether it is brexit and geopolitics or politics, obamacare or just a potential government shutdown coming up this week, it is really not helping investor sentiment. amanda: no kidding. sentiment is a focus in europe. all eyes on the brexit debate. we learned the date of the vote, but it is confidence that seems to be on the table, consumer confidence in the u.k. weak. we have a warning from a's us -- asos dragging the group down as we head

goldman sachs. guest --s now, our let's talk about steve mnuchin. it's amazing, he called six of the largest u.s. bankslike, weight, we didn't have a problem. >> nothing to see here. this is the answer to the question no one was asking and it's a little unnerving for markets because no one was worried about market liquidity until steve mnuchin rang up the ceos and said something. what's interesting is that a lot of our commentators are talking about the echoes to the financial crisis -- when the treasury secretary is calling bank ceos that's usually not a good sign and a lot of market watchers have asked what else is going on? >> do we know whether or not the banks were calling him? was there any communication? >> they are keeping very quiet so we haven't heard a lot from the banks but clearly they are letting the treasury secretary take the lead. this comes in the context of the president criticizing jay powell and now he's walking back that discussion. it's unnerving and unsettling for the markets. unsettling. this is a group that was put together in 1987. and he's not done. >> exactly. the echoes of

banks were down 40%. even companies like state street, goldman sachs having been hit hard, we've got nine of these large u.sstitutions, maybe the fed is just saying look, you told us that you could pass the stress test and we are going to focus on that the mastech economy and we will wait until main street comes under pressure, we can be seen to bailout wall street yet again. so, there are very clear bits of i think, lisa, the we are seeing a lot of stress in these institutions in our view is that that is coming out of and quantitative thriving. at the moment there's no sign that the fed will reverse that. david: they look at things like stress on financial institutions and i have another chart here, if i may, these are financial conditions that have really tightened substantially since october. is that something the fed will be looking at yesterday and today and this afternoon? >> absolutely, it's an important it affects the economic conditions, confidence, and a keyng, and is transmission mechanism for the fed in the real economy. the fact that financial conditions have tightened is not to the fed.rising

reading all about goldman sachs's latest woes with the 1mdb scandal as malaysia files the first criminal charge against the bank. check out the latest on alleged russian interference in the u.selection. instagram played a much bigger role than previously thought. on bloomberg.com, more brexit discussions at theresa may fights for her deal and faces a motion of no-confidence. there are leaks coming from within her own team. check out those stories trending on the bloomberg, online, and on the terminal. shery: monster now to brexit, and geopolitics, and continue our discussion with bill rhodes, president and ceo of william r rhodes, global advisors. the ecb is running out of ammunition. the chart on the bloomberg showing markets are not pricing until 2020.te hike guys, if you can take my terminal, then you can see what i am talking about. really, with everything going on with brexit, the boe also finds itself in a conundrum, because their inflation involved the boe's target, but expectations are that they cannot move given everything that is happening. william: i think mark carney has a very difficult job. he is the most competent, but it is all politics now in the sense that