Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e
Lieu of the project sponsor constructing a new wholesale flower market. Should the flower market vendors and management exercise this option, the project variant would then contain about 2 million square feet of office, 91,000 square feet of retail, 23,000 square foot childcare facility and 950 square foot Community Facility and lower amounts of parking, loading but increased bicycle Parking Spaces and an increased approximately 38,000 square feet of Public Open Space. So how would they repurpose the ground floor that was once thought of as a flower market site . So with this design, what they would do is first they would widen the pedestrian to increase the amount of open space. Some of that ground floor would be converted to atgrade loading with the flower mart, much of the loading is in the underground garage, so instead they bring some of those uses up to street level, reduce the amount of excavation and belowgrade space. And then the 23,000 square foot childcare facility would be
Yeah. And in terms of the oversight of that and who are you partnering with to actualize that . Was labor involved directly in negotiations of this . We negotiated that with the office of economic and workforce development, but i understand that the program was crafted with a lot of input from labor. Correct. Its a program that is used in other Development Agreements as well. And the street cleaning piece of this, again, just a similar question around is that money just to the city and then the city will figure out how to use that . Or is it more specific . Before you actually i dont want to interrupt but i want to hear that from city staff. Youve had a few minutes to figure out whether or not that is category 8 fund and precisely how that 200,000, tenyear will be spent and utilize. The floor is yours. Im sorry, i have not found out but we can direct it. It goes to the city. I just dont know specifically what the fund is that it goes into. But i can try to do that. [please stand by] ye
And migrants remain, mostly in overcrowded camps. Former president jimmy carter had another fall in his home, fracturing his pelvis and going to the hospital for treatment and observation. A spokesperson for the Carter Center described the fracture as minor, saying the 95yearold carter was in good spirits at a Medical Center in atlanta after falling on monday evening. And that he was looking forward to recovering at home. This is the third time he has fallen in recent months. He fell in the spring and required hip replacement surgery. He fell again this month. And despite receiving 14 stitches, he traveled the next day to nashville, tennessee to rally volunteers and help build a habitat for humanity home. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im shery ahn. In toronto im amanda lang. , welcome to bloom
Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th