Maria welcome back to wall street week. Im maria bartiromo. The country is committing to the future and making a major investment. The Public Investment fund contributed 25 billion to the black stone group which could be the largest Infrastructure Fund. They are calling it the largest Infrastructure Fund ever. I talked with black stones ceo about that fund and the need to improve infrastructure across the world. We announced we are planning on raising a 40 billion fund. We cant comment on fundraising because sec makes us unable to do that. But the purpose of the fund is to put most of of its money in the United States. And there are different times of infrastructure that we could be facilitating. It could be the youth at some point will be making improvements in terms of approvals to do infrastructure prongs. When the government is building things. Anything that touches a government in the United States takes somewhere between 10 and 15 years to get approved on average. If you are doin
Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all th
Programme. We are briefing you on all you need to know in global news, business, and sport. And with facebook making the headlines were asking whether the social media giant has become too big to control itself, be a part of the conversation. Dont hold back. Tell us what you think. Just use the hashtag bbcthebriefing. We start in new york. A man accused of using a pick up truck to mow down pedestrians and cyclists in new york, killing eight people, has appeared in court charged with a number of terrorism offences. Sayfullo saipov, a 29 year old immigrant from uzbekistan, is said to have told police he was inspired by videos from the Extremist Group the so called Islamic State, and wanted to kill as many people as possible. Michelle fleury has the latest from new york. New yorkers, defiant, remembering the eight lives cut short. Nearby, the eight lives cut short. Nearby, the alleged perpetrator, Sayfullo Saipov, appeared in court in a wheelchair. He could face the Death Penalty for char
Good morning. A warm welcome to Worldwide Exchange here on cnbc. Im wilfred frost. Im seema mody in for sara eisen today. It is new music friday. Were listening to selena gomez, her new song bad liar. This one i have not heard. I would love to claim i have, but im in the same boat as you. The Global Market picture. We did get a bounce back following that sharp decline on wednesday. We saw a bounce back yesterday. You would have to say it was a relatively tepid bounce back, but it stopped the rot, that severe rot we saw on wrenednesd. Yesterday the nasdaq led the bounce back. The dow up 0. 3 . The s p up by half a percent. It was a bit up and down, and we did close towards the highs of the day and that rally did come towards the end of the day as well. As i said, not resounding bounce from the open through to the close. Tenyear treasury note is moving around. That did go down to 2. 18 in terms of lows. As you see, we moved up in a more riskon fashion since the lows of yesterday to 2. 25
Hell come up for his remarks. Feds been a governor at the since may of 2012. Some of what jay does as a very visible to the public, serving on the federal and givingittee regular talks on the economy, Monetary Policy and Financial Stability. But as i know from my own days fed, a lot of what jay and other governors do is behind the scenes and is not very public, including all the administrative work of the Federal Reserve board and overseeing the Federal Reserve system, which is a big board is fullyhe staffed. But, of course, there are currently three vacant seats on board and jay tells me hes chairing four of the seven administrative committees, that hes looking forward to a regulator sometime soon in the form of new governors to fill the vacancies. Before joining the fed, jay had a distinguished career in the banking and private equity world. Theuding as a partner at Carlisle Group from 1997 to 2005. Jays interest in housing goes back a long way. At least as far back as his treasuryn