the first important thing to know about deutsche bank in this story is that deutsche bank is up to its german neck in russian money laundering. let's say i'm a russian crook. i'm a thief. i grew up like practicing judo with vladimir putin or something and so he has given me leave to steal stuff, pill lathe pension funds or strip all the assets out of some formerly state-run company, right. so i'm a russian bad guy. i've got some ill gotten gains, i've got some stolen money and i would like 10 to joy my stolen money. and so in order to to so, i have to secret those funds away somewhere where they won't get noticed by law enforcement, where they won't get taxed, and where anybody who might prosecute me or persecute me for the way that i illegally got this money, they won't be able to find it and reclaim it. trace it back to me. so let's say just for the sake of argument the amount of money that i, crook, want to get out of russia is like $10 million. if i want to get $10 million out of russia, i ideally want to convert it from rubles into some other currency, preferably dollars. in order

deutsche bank has been served. quote, deutsche bank served subpoena. this is a german news story about a german bank so they are understandably focused on the implications of this for germany and for this german bank but after handelsblatt initially broke that story, it was picked up and reported out and very quickly became clear in our country that this isn't just an important story for some big important german bank. this is an important story for our presidency and that's because of two important things about this particular german bank. the first important thing to know about deutsche bank in this story, it's up to its german neck in russian money laundering. i'm a russian crook and i grew up practicing judo with vladimir putin and he's given me leave to steal stuff or strip the assets out of some formally state-run company. i'm a russian bad guy. i've got ill gotten games. i've got stolen money and i would lake to enjoy my stolen money. and so in order to do so, i have to secret those funds away somewhere where they won't get noticed by law enforc

of deutsche bank. and shoes army had conquered dortch a bank from london the future seem to belong to it under its leadership the bank made huge profits for years the higher the risk the higher the potential return quick money for tough guys who like to gamble. the. dumb firms view themselves as sort of swashbuckling wild west cowboys. who are going to take crazy risks in. because they know that they'll make money. torture bank paid something like sixty five billion euros in incentive bonuses to their staff over the period from one thousand nine hundred ninety five core that's an extraordinary amount of money and you got people getting as much as one hundred million or more in bonuses and given here and they were incentivized to take extraordinary risk and that produces a problem because you take extraordinary risk and sooner or later something goes wrong and went wrong in a big way for deutsche and. they couldn't quite control what they set in motion. by may twenty fifteen and should jang couldn't kee

of deutsche bank. and shoes army had conquered dortch a bank from london the future seemed to belong to it under its leadership the bank made huge profits for years the higher the risk the higher the potential return quick money for tough guys who like to gamble. some firms view themselves as sort of swashbuckling wild west cowboys. who are going to take crazy risks and. because they know that they'll make money. torch a bank paid something like sixty five billion euros in incentive bonuses to their staff over the period from one thousand nine hundred ninety five that's an extraordinary amount of money and you've got people getting as much as one hundred million or more in bonuses in a given year and they were incentivized to take extraordinary risk and that produces a problem because you take extraordinary risk and sooner or later something goes wrong and went wrong in a big way for dorchin. they couldn't quite control what they set in motion. by may twenty fifteen and shoot jang couldn't keep going s

of deutsche bank. and shoes army had conquered dortch a bank from london the future seemed to belong to it under its leadership the bank made huge profits for years the higher the risk the higher the potential return quick money for tough guys who like to gamble. but. some firms view themselves as sort of swashbuckling wild west cowboys. who are going to take crazy risks and because they know that they'll make money. torture bank paid something like sixty five billion euros in incentive bonuses to their staff over the period from one thousand nine hundred ninety five that's an extraordinary amount of money and you've got people getting as much as one hundred million or more in bonuses and acumen here and they were incentivized to take extraordinary risk and that produces a problem because you take extraordinary risk and sooner or later something goes wrong and went wrong in a big way for deutsche and. they couldn't quite control what they set in motion. by may twenty fifteen couldn't keep going shortly

of deutsche bank. and shoes army had conquered dortch a bank from london the future seemed to belong to it under its leadership the bank made huge profits for years the higher the risk the higher the potential return quick money for tough guys who like to gamble. some firms view themselves as sort of swashbuckling wild west cowboys. who are going to take crazy risks. because they know that they'll make money. bank paid something like sixty five billion euros in incentive bonuses to their staff over the period from one thousand nine hundred ninety five core that's an extraordinary amount of money and you've got people giving as much as one hundred million or more in bonuses and acumen here and they were incentivized to take extraordinary risk and that produces a problem because you take a stronger risk and sooner or later something goes wrong and went wrong in a big way for dorchin. they couldn't quite control what they set in motion. by may twenty fifteen and should jang couldn't keep going shortly aft

they wanted to know about trump's bank records. and deutsche bank didn't say yes. they didn't say yes because they weren't subpoenaed. they weren't forced to. and we should also draw a bunch of lines here. again, they're lines. they're not necessarily direct connections. after the russia crisis in 1998, most global banks for the most part all global banks left russia. even steve schwartzman of blackstone, i interviewed in davos a couple of years ago and people were getting back into russia. he said no. we do not do business in places where we can't trust the rule of law. deutsche bank was sort of the only game in town. you have deutsche who has done it in russia. you've got deutsche on the institutional side lost a lot of money with trump. why would they lend to him again? there's a big difference doing business out of a private bank and an institutional bank. they did it on the other side where they could have been smaller loans. trump on the private side as i understand it was willing to put up collateral, his own businesses, his golf courses, trump tower potenti

so searching all i want to say about deutsche bank is that deutsche bank is part of the german banking and financial system and we would like all businesses even if there are temporary difficult his to develop positively. why was she so nervous don't you bank is at the heart of the financial system closely networked vajra vast number of deals what would happen if it went bankrupt we asked banking expert professor hanspeter berkoff he thought your bank is essential to germany we have to say that that could cost the taxpayer money that means europe would have less money in a really bitter situation that could mean that the german and the european taxpayer would in directly pay the fine to the americans.

deutsche bank may already be responding. a person with direct knowledge of its actions telling "the financial times," the production of trump-related documents had begun several weeks ago. the white house is denying it. the bank notably is not. in a statement to nbc news deutsche bank said only that it "takes its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter." over the past two decades deutsche bank has played a major role in propping up the president's businesses. after the president suffered a string of high-profile flops in the early '90s, including four, four bankruptcies at his atlantic city casinos, deutsche bank was one of the only big financial institutions willing to do business with donald trump. since then it has helped finance some of his most prominent projects. by the time he took office the president owed the bank some $300 million on three different properties, including his brand-new hotel in washington, d.c. as a result, robert mueller's not

deutsch bank get s subpoenas on mueller. deutsch bank responded to those reports earlier with this statement.

david cay johnston, tell us about the trump relationship to deutsche bank. >> well, deutsche bank is the one bank that will lend donald without hiding it through other entities. he has been borrowing money from them for a long time. deutsche bank has been deeply involved in laundering money for the russians for a long time. it's paid in total somewhere north of $22 billion in fines for improper activities. and i don't think all the fines have been levied on them yet. and over 600 million of that was just for laundering russian money in moscow, in germany, and in new york city. so long, very deep ties. and they aren't just limited to donald. wilbur ross was vice-chairman of the bank of cypress. the other vice-chairman was a putin appointee. who did they hire to run that bank? the disgraced and removed chairman of deutsche bank. >> jill wine-banks, what do you make of these subpoena reports? >> thing is the next step in the mueller investigation. they are following the money. it's something that i've been urging for a long time because i think we are going to see some connections betwe

bank to ask about donald trump's dealings with deutsche bank. i was called an hour ago to say they did research into this and talked with people and found that there was no subpoena ever issued to deutsche bank from the special counsel's office. so it's difficult at this point to know which of these is correct. you'd assume that multiple independent news organizations have done their own separate reporting and have gotten this from different sources and yes, indeed it would appear a subpoena had been sent. you have the other source swearing up and down no subpoena was sent. so more digging required on this. if robert mueller has, and this happened several weeks ago, now began delving into the personal finances of donald trump, this might cross the red line that the president talked about with special counsel's investigation was first implemented a number of months ago in which he said that robert mueller needed to stick to the facts, russian interference. shep? >> shepard: we're also waiting to hear from the white house on a controversial plan t

deutsche bank in the hot seat as russia u.s. election probes widens, robert mueller issues a subpoena to the bank, looking into the $300 million loan to president donald trump. more bad news on the extent of the russian interference in the u.s. election, a deeper look at how a friendly -- an agency operated dozens of twitter accounts that collectively garnered more than half a million followers. let's get a check of the markets with julie hyman. regaining momentum. julie: a flip of yesterday where the doubt was the winner and the nasdaq the loser. -- dow losing steam. nasdaq points as the gains a half of 1%. not recuperating all of the losses we saw yesterday. making progress in that direction. in addition to the tax plan jockeying for position, we have ended your positioning and rotation we have been talking about. let's look at the bloomberg to see what is up in what is down. technology is the best performing group in the s&p 500. health care and financials also getting but not by nearly as much as with utilities and telecom t

of deutsche bank. and shoes army had conquered dortch a bank from london the future it seemed to belong to it under its leadership the bank made huge profits for years the higher the risk the higher the potential return quick money for tough guys who like to gamble. the. dumb firms view themselves as sort of swashbuckling wild west cowboys. who are going to take crazy risks and because they know that they'll make money. torture bank paid something like sixty five billion euros in incentive bonuses to their staff over the period from one thousand nine hundred ninety five that's an extraordinary amount of money and you've got people getting as much as one hundred million or more in bonuses in a given year and they were incentivized to take extraordinary risk and that produces a problem because you take extraordinary risk and sooner or later something goes wrong and went wrong in a big way for ga. they couldn't quite control what they set in motion. by may twenty fifteen couldn't keep going shortly after

being deutsche bank. at this point, the white house is saying this is the media getting ahead of itself. there is no such subpoena. that is what they contend at this point. bottom line, you've got flying reports around that, yes, there's a subpoena, no there's a subpoena, but the white house is saying no, liz? liz: okay, and quick note on israel. tomorrow as i understand it, the president will make an announcement about his decision, but so far we do not know the decision as to whether or not he will move the u.s. embassy in israel from tel aviv to jerusalem? reporter: right, sarah sanders would not get ahead of the announcement, we expect it in the president's announcement tomorrow. all indication, the president is moving it to jerusalem. it appears to be a when not if scenario, the logistics behind it and how they go about it. we know this too, the president made phone calls today to several leaders in the middle east, and their spokespeople have been reacting to this. most of them in the middle east sa

as we all know, president used to be a real estate developer and deutsche bank is a big bank in real estate finance. the two have had a long relationship, not always harmonious but it has been for a -- andme the biggest real estate developer donald trump. , his about aberg million in debt from deutsche bank today. still anourse is important relationship for both sides. ofre is therefore a lot interest in the relationship. againstll the subpoena deutsche bank add to trump's friend trail against investigators? >> that may be the case. i'm a german banking reporter but -- so i am not entirely sure. he has said before he would not like the investigation to expand . about hisments are family. i would expect him to not be very happy about this and we will see what he says about it. mark: does it have any impact on the biggest -- bigger picture? turnaround,out the lack of ability to produce revenue growth. does this feed into the narrative when it comes to 2017? does.hink it it feeds into the narrative of him being the one to clean up the bank. out, and over the documents and then this chap

deutsch bank get s subpoenas on mueller. deutsch bank responded to those reports earlier with this statement. qu quote, deutsch banks takes its legal obligations seriously. here's an interview with the "new york times" a couple of months ago, answering questions as to whether his businesses and finances were fair gain. >> if mueller was looking at your finances and your family finances unrelated to russia, is that a red line? >> i would say yes. >> let's get to all of this with our reporters and guests, white house bureau chief phil rucker, with me on set, national security reporter ken delaney. and chuck rosenberg, a former u.s. attorney who worked on the staff of robert mueller and james comb koecomey of the fbi. let me start with those financial headlines. there's a dispute about the facts, but would you surmise that donald trump's taxes are something that bob mueller either has or will seek to obtain? >> i would, nicole. and here's why. i was a federal prosecutor for a long time and a white collar prosecutor. at the begi

whic we think came from deutsch bank. so we think there is a relationship there that should be looked at. we should understand more about it. because when you look at manafort and the president and deutsch bank and cypress bank, money laundering definitely has been going on. what role has the president been playing in this? i think we need to know. this man, this president will not release his tax returns. we don't know a lot about his financing. how can we allow the president of the united states to go on the way that he's doing without really understanding his financial connections and his obligations and whether or not he's been involved with people who are involved with money laundering? we've got to find out. we've got to press on for that information. yes, i've written to deutsch bank on two occasions. i've written to the chairman of the financial services committee. i'm written to the treasury secretary, and for some reason it seems as if everything has gone quiet about deutsch bank. and we know there were mirror t

so to my way of thinking it's not remarkable if deutsche bank got a subpoena. it would be remarkable if they did not. >> how does it feel for you as a career man of the law and law enforcement to see the fbi under attack, criticized, trolls, called in tatters? this is the fbi after all. >> and i was proud to work for it under two tremendous directors, both bob mueller and jim comey. it pains me. it's not in tatters. i can't prove it to you sitting here, but i can offer you a method of proof. the federal courthouse doors in this nation are to every citizen. you can walk into any courthouse in america, in albuquerque, topeka and albany, you can watch a federal criminal trial. you can watch the men and women of the fbi or the atf or the dea testifying, you can see the fruits of their labor. they're not in tatters. this is a strong, proud, vibrant organization. you can call it whatever you want, but i'm telling what you it is. it is not in tatters. >> it's a pleasure being able for us to be able to bounce these questions off a man of your experience. >> my pleasure

now we have this report deutsche bank records being subpoenaed. i'll tell you this, david, there is nothing there with deutsche bank even if they did subpoena it. i'm not concerned. here with we go with the opposition party. they're not trying to be objective, getting their facts straight. they have trump derangement syndrome. like they're losing complete grasp of reality in role of society. i want honest press. i want a free press. i want an honest press as well. david: good luck. the point they are so susceptible to politicians, that hate trump, that throw stuff out there, they just want the stuff to go out there, whether it is the charge of collusion with russia or now that they were laundering money with russian banks, you throw the charge out there. you let it settle. you see whether it creates a stink or not. >> this to me, again is irresponsible. i think what we've seen this last year, david, is one of the greatest political tantrums in the history of politics from the left, from democrats from the mainstream media. here we go again. at som

deutsche bank outperformed financial stocks. that probably had something to do with market expectations that they would get an easier deal on the russian money laundering than you mentioned from donald trump who owed them so much money, point one. point two, tim o'brien, the trump biographer you mentioned, he noted that trump made a point, a habit of hiding his debt in special purpose vehicles. so when the white house says that donald trump's records have not been subpoenaed, that could well be true, but these vehicles may be. last point, donald trump has said in the past that investigation of his finances was a red line, that he would not allow the special counsel to cross. we're about to see whether that's true. >> right. he said that in response to a "new york times" question, although, nick ackerman, that was a case that the media was pushing him. he didn't bring up the red line. david makes several key points. an anchor and journalist on this channel used to work at this bank and she was talking today about all of these lon

president has mueller crossed a red line with deutsche bank? >> thank you very much. thank you. [ inaudible question ] >> thank you. >> of course, earlier this year, the president suggested he would consider firing mueller if he dug too deeply into his family's finances. >> your family's finances unrelated to russia, is that a red line? >> would that be a breach of what his actual -- >> i would say yes. >> this afternoon, the white house dodged questions about whether the president still holds that view about mueller's probe. they simply said we don't see it going in that direction. are they right or wrong? much more on this investigation in 60 seconds. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting. i found something that worked. and keeps on working. now? they see me. see me. see if cosentyx could make a difference for you- cosentyx is proven to help people with moderate to severe plaque psoriasis... ...find clear skin that can last. don't use if you're allergic to cosentyx. before starting cosentyx, you sho

>> well, my sources are telling me that deutsche bank is completely terrified. they're having a meeting next week the discuss it. the back story is exceptionally tricky. donald trump, famously defaulted on a loan, $45 million to deutsche bank in 2008 after financial crisis, he sued the bank. but then the bank lent him another $300 million. and i talked to people inside the warning about this new york. and i say is this normal? they say, are you kidding me? it's not normal. and i think this partly explains why bob mueller has subpoenaed the bank to get to the truth. >> right. they said are you if'ing kidding me. your view of the theory that mueller wants to know whether anyone linked to the kremlin could have bought part of that trump debt. >> well, that's right. trump has a history of bankruptcy. he gave a personal guarantee. the bank took that. what we have to remember is that while deutsche bank new york was busy lending to the future president, deutsche bank in moscow was carrying out a massive money laundering scheme for vip cemetery religion connected invol

that he is pursuing the possibility that those loans from deutsche bank, $364 million from deutsche bank to donald trump. some of it involved in building that hotel or renovating it in washington, may be involved in this issue. >> because the white house today, sarah sanders she said that jay sekulow, one of the president's private attorneys, checked and they were told by deutsche bank, according to the white house, there was no subpoena for any such thing. >> well, there are reliable reports of a subpoena. if it isn't today, it the likely to be forthcoming because of that principle, follow the money. deutsche bank himself is involved in an investigation by the justice department possibly $10 billion involving money laundering, some of it being russian assets. an investigation by the department of justice of deutsche bank that connect these threads and that's very important for both our investigation on the judiciary committee and the special counsel. one more point here that is very important. donald trump has established a kind of red line in effect saying do not investigate my bu

germany's largest bank deutsche a bank that story is coming out with gary hart next monday to. say that. every journey begins with the first step and every language but the first word i looked in the. rico is in germany to learn german why not learn it simple online on your mobile and free shop from d w z e learning course nikos a german made easy meat the germans new and surprising aspects of noise and culture in germany. us american kate music takes a look at germany idiosyncrasies of the traditions everyday lives and language i can just come out of my lungs and so i'm young good. looking guy a d w dot com the germans. look . at it with. a fresh twist in the trunk of russia saga u.s. investigator robert molests of pain is thought to bank to release data on accounts held by president trump over russia's influence on his election as president. from american samoa to the united arab emirates the e.u. is blacklisting seventeen countries a stark savings to the dismay of compassion as there are no e.u. members among them. that and more here on business on get out of office welcome

surgeon mark macdonald i want to say about deutsche bank is that deutsche bank is part of the german banking and financial system that we would like all businesses even if there are temporary difficult his to develop positively i mean why was she so nervous don't you bank is at the heart of the financial system closely networked vajra vast number of deals what would happen if it went bankrupt we asked banking expert professor hunt's pay to book off. dodge a bank is essential to germany we have to save it that could cost the taxpayer money that means europe would have less money in a really bitter situation that could mean that the german and the european taxpayer would in directly pay the fine to the americans. left alone can you take a dutch about that sixty votes to push. things became hectic in winter twenty sixteen khalfan war was to negotiate the fourteen billion dollars down to an acceptable level the clock was ticking the matter was supposed to be off the table by the end of the year. as it's now you're sitting in a room in the department of justice in brooklyn in a normal mee

president trump has done business with deutsche bank. does this have anything to do with russia or some other legal witch-hunt? gregg jarrett is here. we want to go to capitol hill with latest on tax reform fight. where are we? reporter: we're waiting on the senate to vote to go to conference. then they will release a list of republicans and democrats that will take part in that let's look at video from the lunch took place between president trump and republican leaders, jeff flake is lamar alexander there, talking with the president about moving the agenda forward. here is what the president had to say first about the tax bill and getting to conference and then essentially getting it to his desk to sign by christmas. >> taxes we're so thrilled about, so popular, something will be coming out of conference pretty quickly as opposed to long term. i think it will go pretty quickly. we're all on the same page. there is great spirit in the republican party like i have never seen before. like a lot of people said they never seen before. they h

bank for documents relating to the president's relationship to deutsche bank. we reached out to deutsche bank. they would not dig into the details. generally they take investigations of this magnitude seriously. the public disclosure forms are for any and all to see. it does reveal that the president has had dealings, as a businessman with deutsche bank, three separate loans according to public disclosure forms, at bare minimum of $80 million, when he filed that back in 2015. other public reports have this number as high as 300 million. there is clearly a discrepancy there. either way when the president gave an interview to "the new york times" earlier this year in july here at the white house he made it very clear that should robert mueller go into his finances, the president, as he put it thought that would be a violation. >> mueller is looking at your finances, your family's finances unrelated to russia, is that a red line? >> that would be a breach what his actual? >> i would say yes. i would say yes. reporter: i would say yes, i would say yes, the presiden

trump owes more than 300 million to deutsche bank. but trump's personal attorney said that did not happen, we go to blake berman in washington. reporter: white house is denying several news report that say mueller special counsel asked deutsche bank for information regarding president's dealings withs bank, normally when there are issues, white house press secretary of pun during briefing to the president's own reputation. but today was different, sarah sanders read a stage from one of the president's attorneys from the podium, it reads, we have confirmed that news reports that special counsel had subpoenaed financial records relating to the president are false, no subpoena has been issued or received, we've confirmed this with bank and other sources, sanders then took issue with the report. >> i think this is another example of media going 52 -- too far too fast. reporter: you mentioned that 300 million number. you look at financial disclose earure form -- disclosure forms, he has 4 loans with deutsche bank. at a minimum of $130 mill

jonathan: brett brian of oftsche bank -- brett ryan deutsche bank, thank you. stephen auth and jonathan golub will be sticking with us. we are talking about white bitcoin will eventually top wait for it, 400 k. eight minutes away from the opening bell with futures firmer in new york. this is bloomberg tv. ♪ jonathan: i'm jonathan ferro. this is the countdown to the open. to fight -- despite falling 20% last week, the price of bitcoin holding above 11 k today. many wall street execs still remain skeptical. >> i could care less what bitcoin trades for, how it trades, why it trades. if you are stupid enough to buy it you will pay the price for it one day. >> i think it's a scam for criminal's around the world. >> this just shows you how demand -- how much demand there is for money laundering there is in the world. >> based on everything i know i'm not guessing that it will work out. yusko joining us, creek capital founder and cio. and when i have spoken to so far says, don't know anything about it but think there is some value in block chain and that is where th

the german deutsche bank is not going to throw their money around recklessly. if it's a fishing expedition on the part of mr. mueller with respect to the president's private business transactions before becoming president, it's odd, and it's counter intie tough. it amounts to zero. and it's not the first time, frankly. lou: as we continue to watch this progress of the special counsel, there is in your mind any hope whatsoever that the people who actually have the power to bring -- to rein in this special counsel who obviously is completely and utterly compromised by the political conflicts within his own organization, political conflicts with the president of the united states. there is any hope we'll see true justice and see those individuals, the speaker. the majority leader, and the committee heads, the chairman of the judiciary committees of both houses pull back and say this has got to stop. the deputy attorney general of the justice department, rod rosenstein say enough, this has got to end. let's have a redo or drop this now. >> i have very little faith

he was asked about that very thing today. >> has mueller crossed a red line with deutsche bank? has mueller crossed a red line? mr. president has mueller crossed a red line. >> thank you. >> there is also news tonight about that june 2016 meeting at trump tower. you'll recall it was attended by donald junior, manafort and several russian nationals. nbc news exclusively reports donald trump jr. asked a russian lawyer at the june 2016 trump tower meeting whether she had evidence of illegal donations to the clinton foundation. the lawyer told the senate judiciary committee in answers to written questions obtained exclusively by nbc news. the lawyer told the committee that she didn't have any such evidence. donald trump, jr. will likely have a chance to talk more about that tomorrow when he testifies before the house intelligence committee in a closed door session. and five days after former national security advisor mike flynn pleaded guilty to lying to the fbi, it is still not clear exactly what the president knew, and as the saying goes, when he knew it. thank you, howard baker.

deutsche bank and trump's relationship with deutsche bank has been the subject of a lot of queries, but this is the first time we heard of robert mueller and the possibility of a subpoena. bloomberg but other organizations have reported records, which would be an expansion of the investigation into the president's business dealings. deutsche bank was one of the few had been willing to do business with president trump. he has something like $300 million in loans outstanding to them, but i should point out that the president's personal lawyer has said there is no not say what does basis he is making that statement. muellerear that robert is going beyond just the election and looking into what other connections there might be. david: how damaging his this new piece of information? >> it depends on what they find. ink andnother ch trump's armor. investigations into his finances or family were what he called a red line. how he responds to that will be seen in the days and weeks ahead, but it is something that will give trump's critics and opponents more ammunition as they tried to go into th

president, has mueller crossed a red line with deutsche bank? has mueller crossed a red line. >> thank you very much. >> has mueller crossed a red line. >> thank you. thank you. >>> that question, while not answered, will be important. we'll come back to it. >>> we begin with breaking news having to do with the middle east. two u.s. officials confirm to nbc news that president trump will recognize jerusalem as the capital of israel this. has as he has been working the phones today holding calls with the leaders of israel, jordan, jimt, and the palestinian authority, all of whom have warned of the serious implications of this move. saying that it could spark violence in the middle east at a scale that has not been seen in some time and it could sideline any progress that has been made in the peace process. joining me now are ron allen who

deutsche bank head of emerging markets. great stuff. coming up in the stock of the hour, long island iced tea. isck going bonkers as it ditching its beverage. and later, we will talk about whether the holiday shopping season was a success and what 2018 holds for retails. this is bloomberg. ♪ mark: live in the city of london, i am mark barton. bonnie: this is bloomberg markets. time for the stock of the hour. it is soaring, flying high. up about 290%. it is a seven dollars stock up almost 200%. here toail doolittle is tell us why. abigail: they announced they are changing their name and getting into the blockchain business. we have seen the last of the microcap companies doing that recently as the bitcoin crypto us.k seems to sweep not a lot of details on what they are actually doing in the isnt, but what we have here we hopped into the bloomberg and we have heard so much about whether or not bubble talk around bitcoin, and now crypto and blockchain as well. nasdaq 6109, this is the back in 2000, when -- what we're looking at is a very

global cio of deutsche bank wealth management. up next, we speak to the italian about his new design headquarters. this is bloomberg. ♪ mark: you are watching "bloomberg surveillance." lapo elkann is the chairman and founder of lifestyle brand italian independent group and customs.alia last month he unveiled the new headquarters. for those wanting something different, the company says it is where dreams come true. the grandson of the former executive, he entered the hall of fame in 2013. he built a board of directors for a number of firms. he's with me today. good morning. tell us about this new headquarters. is it as fancy as ours? lapo: yours is extremely fancy, extremely elegant, and beautifully done. icon that arited an great man had done in the 50's as the gas station of the future. worked on refurbishing it, on bringing it to life. we were very lucky because it was a place where we had a lot of energy and great memos. we want to bring these energy and memories to the era of today. italy is shiny. italy is rising. italy, fo

but we know that deutsche bank is his biggest lender. his lender of last resort. >> i don't know how this works. if deutsche bank sells somebody's debt, do they have to tell the person we sold your debt? >> no. they don't have to tell them. it depends on the rules of the road for individual pieces of debt. but often, debt changes hands and weends up in the hands of people, the borrower doesn't even know. they find out eventually. especially if something goes wrong. you owe me x millions in interest payments. where are they? or where do i send them? >> so in fairness, you could say you could be in the pickle without wanting to be in the pickle. but then there's reporting that eric said, we don't rely on american banks. we have all the funding we need out of russia. >> and i think donald trump jr. said something similar thomas well. donald sr. has never said that he got any money from russian banks. it was never on his financial disclosure forms. i've often wondered about that. we know deutsche bank is the only bank will loan him money and

this morning there are multiple reports from bloomberg, financial times, reuters that deutsche bank, germany's largest bank, has been subpoenaed for records of accounts involving the trump family, the president and family members, the white house says that is not the case. deutsche bank providing more than $300 million to trump projects, but the white house says that is not the case, that they've checked with both the bank and with other sources. the president's lawyer, part of his legal team saying they have confirmed that these news reports that the special counsel and the fbi investigation subpoenaed these records are e, issued. that's been confirmed with the bank and other sources, they say. but in a statement, the bank talks about cooperating with governments. deutsche bank taking its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter. that is not necessarily confirming that they got a subpoena from robert mueller, but it does say that they are willing to cooperate if that's the case. frances? >> all right, tracie, th

this morning there are multiple reports from bloomberg, financial times, reuters that deutsche bank, germany's largest bank, has been subpoenaed for records of accounts involving the trump family, the president and family members, the white house says that is not the case. deutsche bank providing more than $300 million to trump projects, but the white house says that is not the case, that they've checked with both the bank and with other sources. the president's lawyer, part of his legal team saying they have confirmed that these news reports that the special counsel and the fbi investigation are false, that no subpoena has been issued. that's been confirmed with the bank and other sources, they say. but in a statement, the bank talks about cooperating with governments. deutsche bank taking its legal obligations seriously and remains committed to cooperating withhomatt. that is not necessarily confirming that they got a subpoena from robert mueller, but it does say that they are willing to cooperate if that's the case. frances? >> all right, tracie, thank you. >> a savannah police of

this morning there are multiple reports from bloomberg, financial times, reuters that deutsche bank, germany's largest bank, has been subpoenaed for records of accounts involving the trump family, the president and family members, the white house says that is not the case. deutsche bank providing more than $300 million to trump projects, but the white house says that is not the case, that they've checked with both the bank and with other sources. the president's lawyer, part of his legal team saying they have confirmed that these news reports that the special counsel and the fbi investigation subpoenaed these records are false, that no subpoena has been issued. that's been confirmed with the bank and other sources, they say. but in a statement, the bank talks about cooperating with governments. deutsche bank taking its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter. that is not necessarily confirming that they got a subpoena from robert mueller, but it does say that they are willing to cooperate if that's the case. fra

david folkerts-landau of deutsche bank stays with us. a chart looking at the two-year spread treasury bought and we will get the u.s. jobs report and reaction tomorrow from alan krueger, the princeton professor of economics. , one of tom's friends, he only speaks to tom. this is bloomberg. ♪ ♪ tom: good morning, everyone. bloomberg surveillance. francine lacqua in london. david folkerts-landau. we go to kevin cirilli in washington. i want to go to come friedman as one example as one example of the uproar, in 30 years of covering foreign policy i have never seen a president give up so much to so many for so little , there is a santa claus and his name is donald trump, he does not see himself as the president but as the president of his base. but global in that condemnation, including a third intifada announcement by hamas. how will the white house respond? kevin: israel is our most important ally in the middle east and a lot of people, not just within the republican party are praising this decision. on the flipside, this is a very car

amended that german lender deutsche bank turn over data on accounts held by president trump and his family however a lawyer representing trump denies that any subpoena was issued. and that. the trump russia saga now crosses the atlantic to germany u.s. investigator robert mueller subpoena a bank to release data on accounts held by president trump over russia's influence on his election as president. also on the show the e.u. is blacklisting seventeen countries as tax havens it's supposed to be a bold move but campaigners are outraged as the list includes no e.u. members. and as brics it talks go nowhere dairy farmers in northern ireland want to know the one thing on many people's minds what good is bricks it anyway. so i'm for business on the w m how you know i guess thank you for joining us germany's biggest bank deutsche bank is being investigated over russian meddling in the us presidential election last year a number of media outlets are reporting that special counsel robert mueller who's leading the inquiry has asked deutscher to release data on accounts held by president trump and hi

deutsche bank well known for financing a number of trump organization deals over the years. trump, the president, had said earlier in the year that ultimately it would be a red line for mueller to go after his own personal finances or personal finances in general of people he's investigating. the president there not answering the question though of whether or not he felt that mueller had crossed that red line in subpoenaing deutsche bank, a subpoena that we understand happened several weeks ago. deutsche bank issuing a statement saying that it will cooperate with any investigations, not offering any details about what exactly it was that mueller subpoenaed or that the deutsche bank folks turned over to the special counsel's office so there's been some speculation that that could trigger a reaction from president trump. we didn't get it right there. >> eamon javers on the north lawn now to seema mody with futures now for us. >> scott, copper is tumbling 4% and pacing for its worse day in over two years let's bring in scott nations what's behind the move, scott? >> well, we go

bank to release data on accounts held by u.s. president. has the very latest that is coming up in just a few minutes. he takes it personally. with all the wonderful people in stories that make the game so special. for all true fans. more than football online meet the germans new and surprising aspects of noise and culture in germany. u.s. american music takes a look at germany idiosyncrasies of the traditions everyday lives and language i can just come out of my lungs and so on and young good. looking back i m d w dot com the german. fresh twisted the trump russia saga u.s. investigator robert muller subpoenas dodge a bank to release data on accounts held by president trump over russia's influence on his election as president. also the sweat shops of beijing cleared out overnight migrant workers and their employers are now fighting to survive. with bricks. negotiations are in deadlock dairy farmers in northern ireland ask one question that is on many people's minds. can somebody somewhere stand up and tell me and tell all of the

and we also know that deutsche bank has failed to prevent money laundering. it had to pay high fines for that here in europe, but also in america. what we also know is that trump has had relations with russia, or at least his family. people like jared and ivanka and don jr., with russians, also with russian oligarchs, like a building tycoon. the third thing we know is that trump and deutsche bank have had business relations for decades. the bank has given loans of several hundred million u.s. dollars to trump. the question now of course, what people here are wondering about, is whether all this is connected, whether there is some connectivity of the loans to the russian investigation or potential wrongdoing of trump and his family. javier: that might upset donald trump, of course. the u.s. trade deficit has risen to its highest level in nine months. that means the country spent a whopping $48 billion more on imports than it managed to ship ft in exports. it works outt an increase in over 8% in the space of a month, potentially dragging down gdp for the full y