Trump: 'Of course' I used $1 billion loss to avoid federal income taxes (CNBC)
Donald Trump said Sunday night that he "of course" used his nearly $1 billion claimed loss in 1995 to avoid paying federal income taxes. "I understand it, the tax code, better than anybody that's run for president," Trump said at the second presidential debate in St. Louis...
Ron Paul says no to both the Democrat and Republican, but yes to gold (CNBC)
If investors are looking for the next U.S. president to create stability in the markets, it's not going to happen—says former U.S. Representative Ron Paul. Along with jitters about the Federal Reserve's next move on interest rates, investors are weighing whether Democratic contender Hillary Clinton or Republican nominee Donald Trump will be better for investors. The libertarian icon and former Texas Congressman suggested market players may not want to hold their breath. "Politically speaking, there is going to be a lot more uncertainty and that may go into the markets," Paul told CNBC's "Futures Now" in a recent interview. "If people are depending on political stability to get the market going I don't think it's going to work out." [...] But there is one area of the market that the former Libertarian and Republican presidential candidate sees flourishing in the long-term: Gold, which ended Friday near $1,259.
Salesforce Shareholders Besiege Possible Twitter Deal (Dealbook)
On Sept. 23, news broke that Mr. Benioff’s company was in discussions to buy the troubled social media company Twitter. Inside the offices of hedge funds and mutual fund companies on Wall Street and elsewhere, investors in Salesforce immediately began to question the rationale for buying Twitter. They were not happy. The investors made their concerns known to Mr. Benioff. In emails and other communications, the shareholders told the chief executive and Salesforce’s investor relations team that they disapproved of a tie-up with Twitter. The effort was led by Fidelity Investments, the mutual fund firm that is Salesforce’s largest shareholder, with about 14 percent of the company. At least one Fidelity portfolio manager emailed Salesforce about the deal being a bad idea, according to people briefed on the correspondence, who spoke on the condition of anonymity because the communications were private. Other Salesforce investors, including hedge funds, said they would sell the company’s stock, according to two people with knowledge of the communications.
Wall Street bosses warn on Brexit risks (FT)
Jamie Dimon, chief executive of JPMorgan Chase, and James Gorman, chief executive of Morgan Stanley, said at the annual meeting of the International Institute of Finance in Washington that they feared Brexit could trigger a wider crisis. Mr Gorman said there would be “broader long-term consequences” of the UK vote. He said the bank was looking at whether it needs a new headquarters in the eurozone, or to move some compliance and back-office teams to the bloc...Mr Dimon said Brexit would “create years of uncertainty” for banks with large operations in London, adding that JPMorgan would “need to decide how to respond and whether we move” business out of the UK. “We need to wait for clarity on this.”
Norwegian prime minister caught playing 'Pokemon Go' in parliament (UPI)
Solberg, leader of the Conservative Party, was seen playing during remarks from Liberal Party leader Trine Skei Grande. The prime minister told TV2 news she didn't think Grande would mind, seeing as how she was caught on video playing Pokemon Go during a parliamentary Storting committee hearing in August. "I think that Trine will like that I opened the game while she was at the pulpit," Solberg said.
Deutsche Bank CEO Hasn’t Reached Accord With U.S., Bild Reports (Bloomberg)
Deutsche Bank AG Chief Executive Officer John Cryan failed to reach an agreement with the U.S. Justice Department to resolve a years-long investigation into its mortgage-bond dealings during a meeting in Washington Friday, Germany’s Bild newspaper reported. The meeting was meant to negotiate the multi-billion-dollar settlement the bank will have to pay to resolve alleged misconduct arising from its dealings in residential-mortgage backed securities that led to the 2008 financial crisis, according to a Bild am Sonntag report.
Italy Wags Finger at Germany Over Deutsche’s Woes (WSJ)
Scolded by Berlin for years for his apparent failure to sort out Italy’s endemic bank problems, Premier Matteo Renzi showed evident pleasure in wagging the finger back at Germany. “I am sure German authorities will do everything needed to prevent Deutsche Bank’s crisis from worsening,” he told Italian state television late last month. “We have always said that as far as the issue of credit is concerned, Europe has to do everything needed to fix the situation of banks and that the main concern comes from German banks.”
China to Cut Red Tape to Boost Foreign Investment (WSJ)
China vowed to cut red tape and ease rules for foreign investors in a bid to boost the economy and counter a decline in private investment. Multinational companies said they welcomed the policy as a first step toward more open markets, although they said too many sectors of China’s economy remain off limits to foreign investors. The real test, they added, will be in how the policy is carried out.
Mass Brawl Breaks Out At Florida Chuck E. Cheese Restaurant (HP)
The restaurant chain Chuck E. Cheese advertises itself as a place “where a kid can be a kid,” but that only works when adults choose to be adults. That wasn’t the case at a Chuck E. Cheese in Miami on Saturday, when several sets of parents got into a mass brawl, complete with screaming, pushing, shoving and hair-pulling, according to witnesses...Krystel Jimenez, a 16-year-old who captured the melee on her phone, said one brawler told her the fighting started “because one person was looking at them and instigating a problem then they went up to them and their families got involved,” according to The Miami Herald. Another witness told Fox13 Miami the fight “lasted 10 minutes until the cops came, and all the kids were running away.” A Chuck E. Cheese’s spokesperson issued a statement on Monday saying the battle erupted when “an argument between two guests escalated into a physical altercation,” according to WSVN-TV. “The store manager acted quickly and local police were contacted and arrived immediately.”