Combined fines could top 5 billion. U. K. Retail in a rut. Shares slip as a sharp outlook overshadows better than expected earnings. Marks and spencer also in the red as the Share Buy Back fails to impress. Good morning and welcome to Worldwide Exchange. Lets have a quick peak of where your dollar is trading. The big news obviously that came yesterday but today germanys ppi down 1. 5 on the year. Thats a weaker number than expected. I wonder if were looking at the Euro Dollar Exchange rate right now, 11114. How vulnerable is the euro dollar to raise in yields again. What if we see the bond yields right now. Currently 60 basis points. Does the ecb come in and use verbal intervention. Absolutely. Very interesting point that the euro dollar moved like an equity over the last six months. We saw it correct. We saw it come back away from 104, 105 handle and it it is moving really off the back of the ecb comments that you just mentioned yesterday. Interesting to also point the german bund. Fo
I am. I am in holland park at an apartment worth posted 9 Million Pounds. Zes luxuryxury oo and there have already been three russian speakers visiting this property. The money is still pouring in from russia. The secondbiggest purchaser of London Properties after those living in the united kingdom. Agent short term, the behind this property says the money is here to stay. In fact, it is becoming larger because of the volatility. Interesting. Thank you so much. More from caroline a little bit later on. Money swishingn around west london. In terms of futures, a lot of data. As far as markets are concerned, it is the nuances of what mario draghi had to say. Quantitative easing, second half of the year. Much in thelling as first three months as they did in the whole of last year. Where is that money flowing to . The ifo, confidence or not . Can you hit the levels you saw in 2011 . We have not seen those since 2011 on the ifo in germany. That might just pull the euro back. Kingfisher, glob
When we look at the evaluation project we have to look at trades so it out put of the model as you look at the scale from the first floor to the 50 accounting floor were looking at similar buildings for new constructions in similar book Stores Locations for our conclusion. Those are numbers their the current context and reflective of the evaluation in San Francisco. Yeah. Real quick if you have any questions, ill be happy to answer them or address them later on thank you. Sir im going to turn it over to scott from the Transbay Joint Powers Authority Transbay Joint Powers Authority to talk about their funding program. Sir. Hi good afternoon scott with the Transbay Joint Powers Authority im there the first phase is the construction of the center itself curling in the downtown we broke ground in 2010 and finished the demolition of the form terminal in the fall of 2011 last february we completed the excavation roughly within beale and do you only were about threequarters of laying the foun
To you today. So to go into a little bit of information it was proposed were presenting to you today is fully consistent with whats in the plan in terms of the agreements and terms approved and adopted by the board of supervisors in 2012. Just to mention a Major Development it per the planning code and the developer partners. Existing development is not required to join 9 mel ruse district only on new prospers that pays for the downtown rail extension. So heres a map showing the proposed district the initial parcels their shaded on a gray on the formation and includes the publicly owned projects and has as part of their at this time to join the district. Theres a future ann satisfaction area and as parcels get dialed within the area and trigger that theyll vote into the district. One of the significant components is the rate of portion time how the tax a calculated and accessed on new development on new development it didnt apply to existing knows. The way its set up the tax is based o
Day today, its a Highwater Mark its the High Technology part were extremely located well with the downtown area but basic reweve got the revenue costs at a high level across the buildings and look at the height as you go up a building to generate a overall net income value and then capitalize it theres a lot of assumptions when we look at the evaluation project we have to look at trades so it out put of the model as you look at the scale from the first floor to the 50 accounting floor were looking at similar buildings for new constructions in similar book Stores Locations for our conclusion. Those are numbers their the current context and reflective of the evaluation in San Francisco. Yeah. Real quick if you have any questions, ill be happy to answer them or address them later on thank you. Sir im going to turn it over to scott from the Transbay Joint Powers Authority Transbay Joint Powers Authority to talk about their funding program. Sir. Hi good afternoon scott with the Transbay Joi