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Executive Infrastructure Club which brings together companies and key u. S. Decision makers at the federal and local levels who have informal roundtable discussions. It allows a dialogue in order for us to sort of share our best practice and Lessons Learned over time. And when i speak to my counter parts in the d. O. T. And those on the hill, its very clear that we have had the same challenges that were always very happy to share those experiences. So thank you very much for the opportunity to explain that. [applause] thank you so much. Nigel. Thank you very much. Good morning, ladies and gentlemen. And thank you very much to the organizers and sponsors of this weeks event for infrastructure week 2014. So im going to talk about p3. Im going to talk about p3 from a u. K. Perspective, from my involvement in the private sector so youve had heard from judith a lot of what im going to say is really going to echo what jude yitsdz has said from the private sectors point of view. What i would
New-yorkUnited-statesArkansasCanadaAlabamaNew-hampshireGermanyTexasVermontFloridaColombiaRussiaStock investors looking at bonds, concerns that the u. S. Economy is overheating, its growing too fast, its pushing up bond yields and that is what is spooking people. But other traders say they dont think thats the reason. This is just a market that overshot on the up side, rallied too far too fast, and now the sellers are in control of the market. Whats unnerving is the speed that theyre selling on the downside to pick up again. So the volatility we saw at the beginning of the week seems to be coming back with a vengeance this afternoon. Whats interesting, maggie, if you take a look, the record dow high was only a couple weeks ago or so on january 26, the dow closed at 26,616. Its now, as we speak, 24,300. Thats a drop of 2,000 in a couple weeks. What do they say about that . For it to happen in such a short period is unnerving, but hey, you have to take it at a new view. Earnings 38 of s p companies, interesting on their earnings. The longterm lookout is good, but there is a feeling
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