With live shots all morning. Good morning and thanks for joining us. R aj has a look at our our forecast. A soggy forecast but a warm soggy forecast. Exactly. Ya 60 or better and it may be inay the upper sixties on tuesday. Right now chile 31 degrees and it is 31 in akron canton this morning. Worcester is checking in at 30 over new filly at youngstown dover new philly at youngstown and ashtabula. Neiu if you have been headed to church it can expect light wind bought enough for but enough for aca coat on the way out the door. Look at those wind that go ono later on tonight and into tuesday and as we talk up those temperatures as weup go through thes we week look now as we head off to theloo west kansas city and right now with High Pressure and hopefully in the clouds and allows for a deeper different decent amount of sunshine today. Dee look at madison 24, painesville 26 and a triad out of the easta as High Pressure will be in controll today and we will see our nice warming trend had ou
The news comes as the currency fell to a fiveyear low but then recovered. Chairman of China Telecom has quit after an official investigation. He will be replaced temporarily by the chief operating officer. Authorities say chong was questioned about severe violations of discipline. That is code for corruption. Shanghai are being warned to stay indoors. The air is heavily polluted today. The particularys its were 10 times above the internationally safe level. Here is a quick check of the asian markets. Im cory johnson in for emily chang. You are watching bloomberg west. Failure which companies are best prepared for the digital future. How hollywood smashed the sales record for all time. Apple is paying 348 million to settle an italian tax bill. Apple had been accused of evading taxes over the span of five years by booking italian sales through its irish subsidiary. More favorable Corporate Tax rates. Each country where they do business. Explain this tax practice that that these yahoos at
More than 150 news bureaus across the world. Cory im cory johnson and this is bloomberg west. How do you say taxes in italian . Lets take a look at which companies are best prepared for the digital future. Dragaurs, droids, and racing. What smash the Box Office Sales record for all time. We will have the details. Million tog 340 settle its italian tax bill. Apple had been accused of evading taxes over five years by booking italian fayette sales. Hrough its irish subsidiary as part of a broader eu crackdown making multinationals pay with a oh in each country where they do business. Mark, explain this tax practice that apple followed. Essentially where they structure some of their sales through their irish the theory, which is not an in network in operation for apple. They have been operating in ireland since 1980 and are expanding their, but they sort tactic which is fairly common for a global apple where like they put the manager alan so they pay on irelands Corporate Tax rate which is
I think that is an importantd point. It has auld happened. And will always happen. Gets one thing that is really encouraging even for this room is at least the younger at journalists and the journalists coming from the businesses ivee been meeting are amazingly intrepid and investigative and have tools that we dont have. Theyre really good at using social media. Theyre really good at searchind on the web and figuring out whats going weon. There are people working for vice and all sorts of ll organizations. Theyre doing really exciting work. And i think thats a very positive indication ore the world is heading. Evenfts insightful, some ome organizations, there are so many people out there trying t get that Information That i think its a real positiv tohat s this plays ly omething steai ear. Plrls th abilietspecially for ntnational vestigive ories, mean some o instigive workf of any news orzagaon over st couple oninte stigvee reporting. So public also, youe trngo cor,so ow, knamount to w
Environment. I do not think there has been a rosy scenario. This reflects it. Melissa there is a lot of chatter out there. We have been talking about the possibility of deflation. Here is the problem if there is one thing that Hillary Clinton is worried about is that this economy could turn south and go from just moderately crappy to very crappy. [laughter] that could really hurt her. The headline numbers look good. The underlying numbers are not looking as good. Particularly corporate earnings. It does not mean that you sell stocks. They may keep the target for the next year. It may be good for stocks. Melissa taking we mentioned the oil stocks. Cheap oil has cost us about 100,000 jobs this year. Norwell workers have been the hardest hit in that area. That is the huge untold story that is beginning to unfold. If you talk to people in texas in the midwest it is being felt across the board. People are losing their jobs. It is the curse of lower oil prices. It is hitting one of the great